As a candidate for Congress in the 4th District of Maryland, Michael Babula has developed a few issues revolving around his campaign, but one issue, the economy, seems to have escaped the minds of his fellow competitors, Donna Edwards and Albert Wynn. It is important that this issue be stressed in a candidate’s campaign because of the “potential economic downturn,” Babula states, that the US may continue to fall into. Dr. Michael Babula has been teaching economics for five years and has conducted research in the economics field; therefore, he has become fully aware of the issues the current US economy has encountered. Whereas most professors understand the economic problems, Dr. Babula is not like “most professors,” he has decided to take a stand on improving the US by running for Congress.
Dr. Babula’s stand on the economic issue includes the problem of the decreasing value of the American dollar. $4.4 trillion in United States debt is owned by foreign investors, which could cause a problem if a terrorist attack were to happen. The devaluing of US currency will continue if foreign investors avoid American investments and invest their money in commodities such as gold. A New York Times article, Overseas Investors Buy Aggressively in U.S. dated January 20, 2008, stated: “Canada still spends the most money buying stakes in American companies—more than $65 billion in 2007, according to Thomson. But other countries’ purchases are growing rapidly. South Korea’s investments swelled to more than $10.4 billion last year from just $5.4 million in 2000. Russia went to $572 million from $60 million in that span; India to $3.3 billion from $364 million.”
The increasing amount of foreign purchases poses a threat to our US economy. In that same article, Leo W. Gerard, international president of United Steelworkers ads, “We’ve hollowed out our industrial base and run up this massive trade deficit, and now the countries that have built the deficits are coming back to buy up our assets. It’s like spitting in your face.” Also, on Babula’s campaign website, www.babula2008.com, details about the economic issue draw a parallel to the article above, such that they both agree that “the soaring price of oil and a widening trade deficit underscore how the American economy is increasingly vulnerable to decisions made far away.” This article justifies Dr. Michael Babula’s thoughts and concerns for the future of our economy due to the problem of the decreasing value of our currency.
There is so much people can do by just stating the facts and hoping someone will listen and act, but Dr. Michael Babula is willing to make the changes needed towards our economy. He can do this by being elected member of Congress. The changes he wants to make include proposing that the US government begin to consider lending grants to companies who offer alternative resources to oil and try to negotiate with China to trade its currency in the open market. This discussion revolving around Babula’s campaign under the subject of the economy is only a section of what he believes in and what he wishes to enforce if given the chance to become a part of Congress. Dr. Michael Babula has taken enormous strides to get to where he is now with his campaign and has clearly developed issues that are worth speaking about. He needs people to listen, especially you, so vote for Michael Babula for Congress in the 4th District of Maryland.
12 comments:
I support Doctor Michael Babula on his issue of the economy. I find it very interesting that Donna Edwards and Al Wynn do not mention this issue on their websites.
I think it's very important that Dr. Michael Babula has chosen to address the issue of the economy, particularly since his opponents have chosen not to do so. I believe that his knowledge of economics gives him an advantage over his opponents, and it makes me feel confident that if he were elected to Congress, he would have a positive influence on the state of our economy, helping us avoid future economic disasters.
Dr. Babula's feelings on the restoration of the value of the American dollar are what makes him the best candidate for Maryland's Fourth Congressional District.
I feel this is one of the most important issues and it just is not being stated enough with the other candidates. Dr. Babula knows the danger that is coming if the economy is just left alone and not immediately fixed. His views are greatly needed in Congress.
I agree with Dr. Babulas stance on the legatization of drugs. I think that it is an innovative idea which can not only improve crime levels but also the economy.
I believe the economy is a very important issue. Dr. Babula's stance on this issue seems to make a lot of sense. I also find it interesting how his opponents have not yet mentioned this issue on their web sites
Greer, i also agree with Dr. Babula's stand on the economy. His knowledge of this issue definitely makes him the best candidate for Congress. Neither of his opposing candidates mention this important issue, which makes me question their concern for the people.
Dr. Babula is the ideal candidate to handle this nation's copious amount of economic predicaments...Vote Babula for Congress!
Dr. Michael Babula is the only candidate to address the economy which is a very important issue. He has a lot of knowledge and experience with the topic making him the perfect candidate. Vote Babula!
I greatly support Dr. Michael Babula and his ideas on how to better the economy. I feel confident in his ability as a leader and your arguments are very influential. Vote Babula!!
Maryland's Fourth District needs someone like Michael Babula to help their economic situation. The value of the American dollar has lost it's value, and he knows how to fix it!
greer some execellent points. feel free to write on my blog as well. thank you. Babula 08'
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