So Americans who watch the first presidential debate tomorrow are aware that Romney will have no plan to help them whatsoever. These voters will be looking at President Obama to fill this void, and this is the president’s chance to lay out his vision that will achieve prosperity for 100 percent of Americans.
President Obama has an enormous opportunity to expand on his economic plan which would create 1 million manufacturing jobs, cut oil imports, hire thousands of new teachers and balancing the budget by raising taxes on the wealthy.
I hope President Obama borrows heavily from "Prosperity Economics: Building an Economy for All," a plan laid out by Yale University Professor Jacob Hacker and Nate Loewentheil. This bold plan provides a comprehensive blueprint to grow our nation’s economy in a way that benefits EVERYONE.
Prosperity economics is 180 degrees from the austerity measures endorsed by Romney. Austerity has proven to be a huge failure. Just look across the ocean at Spain, with its unemployment rate of nearly 25 percent due to their government’s embracing of austerity.
Prosperity economics is built on three pillars: growth, security and democracy. For growth, we need to invest in people and productivity that will lead to good jobs and rising wages. We need security for our workers and their families—markets work better when working families feel a basic security for their futures. And lastly, when the wealthiest of Americans are allowed to write the economic rules, the rest of America becomes poorer and our political system is weaker.
Romney has proven that if he’s elected president, his agenda will be focused on the wealthiest of Americans. We need a president who will govern for all of us.