Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Friday, February 17, 2012

My Night with President Obama

"We're starting to see what change looks like." President Obama, at the fundraiser tonight.


Tonight I got to see President Obama live and in person!  It was honestly the most excited I've been since I shook Bill Clinton's hand last year.  Tonight, he appeared in SF for a 2012 election fundraiser at the Nob Hill Masonic Center.  After waiting in line for 3 hours in the freezing San Francisco February weather, 7 of my friends and I had one of the most memorable nights of our lives.  I have personally been an Obama fan since he was a Senator in Illinois.  I was a fierce supporter of Obama in 2008 when he ran for office, especially since he was the first President I ever had the privilege of personally voting for.

UC Hastings College of the Law BLSA
As we anxiously awaited the President's speech, we were lucky enough to be serenaded by the beautiful guitar playing and raspy rock voice of Chris Cornell (of Soundgarden and Audioslave).  My two favorite songs he performed were "Redemption Song" and "Imagine."  Very mellow, yet very nice start to the night.


The almost 3,000 San Francisco residents who attended the fundraiser were definitely fired up to see their President tonight!  He was greeted with standing applause and outbursts of "I love you!" and "You're amazing!" Obama emphasized that winning this election is not going to be easy, just like it was not easy in 2008.  "I told you," he said jokingly.  He urged all of us to become involved in the movement and to take an active role in the vision we want for our country.

The crowd went wild when Obama gave a heartfelt thanks to teachers, when he mentioned that everybody should "play by the same rules," and why nobody who makes more than $250,000 should pay less in federal taxes than their secretary.

My personal favorite was when Obama said, "Higher education is not a luxury, it is an economic imperative."  Some of you may remember a similar quote from the recent State of the Union speech.  The President encouraged us to work together and to not let partisan politics stand in the way of doing what is right for our country.

Regardless of how popular President Obama was with most of the attendees, there were still numerous groups protesting outside the event and a few rowdy screamers that had to be escorted out in the middle of his speech.  A few of the group protesting include: the Center for Biological Diversity (wants to halt oil drilling in the Arctic), medical marijuana activists (angry about the administration's crackdown on dispensaries), Code Pink, World Can't Wait SF, and of course, people from the Occupy movement.  After a lady was carted out for screaming about killing civilians in Afghanistan and Pakistan, Obama remarked about how "there is always something going on in San Francisco" and "Folks are not shy about sharing their ideas in San Francisco." This surely is anything but a dull city!

Protesters outside the event. The crowd grew as the night progressed.
All in all, it was a wonderful night! Although Obama is going to face some significant challenges in this election, I have high hopes for this man to continue changing and shaping our country into somewhere we can all have the opportunity to learn, grow, and prosper.

Monday, February 13, 2012

Obama's budget proposal: We can't "cut our way to growth"



Everybody loves a good ol' election year budget proposal.  Economic recovery and job creation now, and the budget deficit later.  The main points of Obama's budget proposal include:

1. Job creation!  That was the central focus of President Obama's election year budget proposal this morning.  Obama proposes pouring $8 million into community colleges and shifting the nation's focus to job training, infrastructure, and research and development.  This is a much needed initiative if we are to get anything done in this country.  Our education system is broken and other countries are beginning to take the lead.  It's about time we put value on educating our citizens and getting them back to work!

2. Asking the wealthy to pay their fair share.  The 2013 budget will have $1.5 trillion in increased taxes, and we can all finally say goodbye to the Bush-era tax cuts for the 1%!  Estate taxes will be raised, and there will be higher rates on investment income.

3. Bring troops back and cut military spending.  The extra money saved here will then be able to go to improving the nation's transportation network.

Although Obama is not exactly planning to cut the deficit in half as soon as possible like Republicans want, this plan will most likely give the country the jumpstart that it needs to get the economy back on track again.  If we don't invest in education and infrastructure now, we will end up paying for it in the long run.  There are so many jobs out there that most Americans just are not trained to do because of lack of education.  There is NO reason why we should have empty jobs and nobody to fill them.  This is a recipe for disaster, especially as more and more jobs are getting shipped overseas.

One of the important issues missing from Obama's budget proposal:  The President did not call for any structural changes to Medicare, which accounts for a large percentage of the nation's debt.  We will have to wait and see what will happen with that one.

Good news for Obama: The President's poll numbers are up again!  Troops are completely withdrawn from Iraq, the payroll tax cut victory happened, and January and February (so far) are bringing in good economic numbers.  As the economy improves and we shift our focus to jobs and improving education, so do the President's poll numbers!

What do you think about the President's proposal?

For a quick overview of who the "winners" and "losers" of Obama's budget plan are, watch this video with Jennifer Granholm, Michigan's governor.