Letter: Wanted: a grand bargain
President Obama is out making speeches saying he wants to narrow the gap between the middle-income Americans and high-income earners. That sounds good on the stump. However, what middle- and lower-income Americans need is a president who leads, not a perennial campaigner.
The policies of the Democrats are designed to keep most workers broke because there are fewer full-time jobs now than ever before. Of the 1.1 million jobs created last year, 175,000 were full-time jobs and the rest were part-time. Between Obamacare and the regulations being promulgated daily by the federal government, we are creating disincentives for businesses to create full time jobs.
The president needs to work with Congress to pass a grand economic bargain, not pick one part or another. There are four parts to this bargain: reduce expenditures in a meaningful way, reform the tax system, review and stop regulations that retard job creation, and reform the Medicare, Medicaid and Social Security systems.
If we do these things, we will create a feeling of certainty for the private sector which will then create more good paying full-time jobs.
Mr. President, please get off the campaign trail and stay in Washington and negotiate a grand bargain if you really want to have working Americans get full-time jobs and earn more money.