The American Presidential Election of November 2012.
(   Present American Economy.)
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 The forthcoming presidential election is between Barack Obama (Democrat) and Mitt Romney(Republican).It may be that Barack Obama may be ahead of Mitt Romney with few points in Survey but it is going to very tiff fight.
        The unemployment rate has come down about 8% which is lowest in last few years. Besides that Real estate is coming up. These are the few good sign for economy. However America is running with huge deficit of about more that one trillion dollars per year. The democrat want to increase the tax on higher income group, to reduce and save the expenses on Health care i.e. Medicare. They also want to stop the tax credit given to higher income group by  Bush administration  The Barack Obama have already saved 741 billion dollars from medicare. Mitt Romney says it will effect the quality of medicare. Besides that Mitt Romney is against the increasing the taxes. He is also against the cut in tax credit which will come in the way of  business, and industrial development  He is also for cutting the government expenses including welfare etc. He intend to create 12 millions jobs for which he has to give details.  Mitt Romney believes that more income can be created by creating employments and development of business and industries  However he has to substantiate all this with detail plan. This shows how establishment is at disadvantage as they present exact figures while its contender go on with hypothetical figures.
          However let us see what is the present position of income and expenses of America i.e.Income $ 2.5 trillion per year  while Expenses are $3.8 trillion per year which are creating deficit of $1.3 trillion per year. America is already having deficit of about more then $15.00 trillion.
 Hence it will  be very difficult task for the elected president to balance the budget by.  However it is certain that  Health Care expenses, Defense expenses, and Income tax income,  will be major items wherein lot of  rectification will be required. Besides that lot of thinking will have to be done regarding the expenses made on Subsidies..
         Americans will have vote for a right candidate in order to solve the economic problems of the country. Otherwise there will be further danger regarding sliding down of the credit rating of America.  We sincerely pray 'God save the America'.
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