Insecurity about the economy and jobs has caused something called “the paradox of thrift”. People are saving money for “a rainy day” rather than spending it. Demand for goods and services are therefore down which decreases production and jobs. Hence a stagnating economy.
All of the President’s stimulus plans have not worked. Spending money on government projects for purposes of jobs has not helped much. Except to increase the deficit. Which devalues our currency in the world and can only contribute to inflation. Oil prices are up…. causing transportation prices to go up … causing food prices to go up. One can call this stagflation!
Does that mean I support Romney? Not necessarily. Romney is something of an enigma to me. I have no clue what he would do to fix the economy. Generalizations like his successful experience in the private sector or that he will be more pro-business are meaningless without details. I do not see any specifics to indicate how he will get the economy moving again. Right now it’s all talk.
The bottom line for me is that I have no endorsement yet. I am not happy with either candidate at the moment. With Israel being off the table in this election for the reasons I stated above – unless I can be convinced that Romney’s plan for improving the economy makes more sense than Obama’s policies – I remain undecided.
About the Author: Harry Maryles runs the blog "Emes Ve-Emunah" which focuses on current events and issues that effect the Jewish world in general and Orthodoxy in particular. It discuses Hashkafa and news events of the day - from a Centrist perspctive and a philosphy of Torah U'Mada. He can be reached at firstname.lastname@example.org.
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