Obama vs. Romney: A Tale of Two Economic Plans

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Mitt Romney and Barack Obama are two presidential candidates who both differ greatly on their economic stances on several issues such as military, foreign policy, healthcare, and the nation’s budget and taxes. Each presidential candidate has their own reasoning and beliefs for why their economic policy is correct and why theirs is going to benefit our great nation’s economy the best. Even though Barack Obama won the 2012 presidential election, there are still many who believe his economic plan is not to our nations benefit, with Romney’s potentially being better. Each party has their own argument for their fiscal policy and to defend it to the tooth, there are many major issues in our country that need refining and fixing, that both these men believe they can improve greatly.

Mitt Romney has a very straightforward and efficient economic platform that covers all the points and issues in our country. The first issue to be covered is his official view on the United States military policy. Romney deems it necessary that our military continues to police the world and help the world economy. He believes that our powerful military can help the world economy and the global market tremendously. He believes that military cuts are not the right idea and that the United States should actually increase military spending, expanding our military as a whole. He sees potential military threats around the world such as the turmoil of the Middle East, to the corrupt North Koreans and dangerously insolent Russians. He believes that we need to neutralize these threats sooner rather than later, as they could become too problematic to possibly contain and end up putting millions of people’s lives at risk. Romney desires to increase our military by at least 100,000 troops (Roisman, Jonathon). He wants at least four percent of spending of the United States Gross Domestic Product committed to the military alone. The United States spent 711 billion dollars on solely the military in 2011 (which is greater than the combined spending on military in next 13 countries in the world) and wants to even increase that even more so (Roisman, Jonathon). He believes that the military is our nation’s backbone and should not be taken lightly. Romney thinks that the United States Navy is also too small and wants to increase the number of ships in it from 284 ships to 328 ships, reaching its full potential of a world power and the dominating presence of our military on the world.

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