There has been a lot of talk about economic growth over the past few months. Economic growth is one of the hot-button issues of the 2012 campaign. Each candidate would like to put in their two cents about what creates economic growth. Republicans like to say that they are the “pro-growth” party. President Obama likes to say that his policies have created some economic growth, and we need to re-elect him for all of the growth to be realized. But what really drives growth? Saving does. Saving drives economic growth. Yes, there are other things that are economic drivers, but saving is a huge economic driver.
Tag Archive: capital gains tax
The American Jobs Act – A Speech by President Barack Obama
President Obama addressed a joint session of Congress tonight, giving a speech about creating jobs in the United States, and introducing his “American Jobs Act,” which he asked Congress to pass immediately. To some, it was a speech that could mark a turning point in his flailing presidency. To others, it was a rehashing of failed policies and ideas.
