Thursday, October 27, 2011

Economic Plan

Recently, President Obama has advocated his new plan, the American Jobs Act, which he claims will strengthen the economy by cutting spending and providing jobs for the unemployed.  Ron Paul has a plan as well: his "Plan to Restore America".  If it succeeds, it will cut over $1trillion in government spending by ending all foreign wars and slashing five cabinet departments. These include the departments of Energy, Commerce, Housing and Urban Development, Interior and Education.  He feels that, by limiting government interference in economic affairs, the economy can thrive and jobs will appear.  This differs greatly from President Obama's idea because of that one key factor.   Obama feels that a slacking economy calls for government to come in and "save people from the evils of the free market", as Dr Paul said.  However, more regulations  on our economic system stifle growth, and do not fix the current problem. 

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