On February 2, 2013, the Associated Press reports that President Barack Obama says 2013 can be a year of solid economic growth, but only if Washington gets out of the way.
In his weekly radio and Internet address, Obama says there are signs of progress in real estate, manufacturing and job-creation.
But other signs are worrying. Unemployment ticked up from 7.8 percent in December to 7.9 percent in January. And the Commerce Department says the economy shrank at an annual rate of 0.1 percent in the final months of 2012.
Obama says the U.S. must lower health care costs and close tax loopholes for corporations and the wealthy.
In the Republican address, Rep. Susan Brooks of Indiana says Democrats must get serious about the nation’s spending problems. She’s calling on Senate Democrats to pass a budget
What ever the growth prospects the CRITICAL stipulation needs to be that the ownership of corporate America needs to significantly broaden to provide EVERY American the opportunity to acquire ownership in FUTURE productive capital income-producing assets. This can be accomplished by applying the logic of corporate finance, which uses self-financing asset-backed credit for productive uses to grow the economy. People invest in capital ownership on the basis that the investment will pay for itself. This is were the government can play a significant role in providing to EVERY American the financial mechanisms to facilitate loans specifically for productive capital investment without the requirement of “past” savings.
We need aggressive economic growth while simultaneously broadening private, individual ownership of FUTURE productive capital formation, enabling EVERY American to acquire via self-payment loans a viable income-producing capital estate over time.
Democrats and Republicans need to represent the well-being of ALL Americans with a priority on strengthening the economy and significantly generating income for ALL Americans.
There is a solution, which will result in double-digit economic growth and simultaneously broaden private, individual ownership so that EVERY American’s income significantly grows, providing the means to support themselves and their families with an affluent lifestyle. The Just Third Way Master Plan for America’s future is published at http://foreconomicjustice.org/?p=5797.
