By: Dr. Lynn Reaser
With the presidential election coming up, perhaps the most important question that might be posed to President Obama and Governor Romney is “What actions will you take during the next four years to restore business and consumer confidence?”
This question is important for many reasons. Until consumers and businesses are more assured about the fiscal integrity of the nation, the future structure of taxes, the quality of our education system, and the support for entrepreneurship, they will be reluctant to spend, invest, and hire. The two candidates need to define for voters their clear views on the size, responsibilities, and role of government and what that vision implies for the economy’s health over the next decade.
Americans need to know if they are destined to a “new normal” of sluggish growth or if they can hope for something better.