In advance of President Barack Obama's speech on jobs and unemployment, Yahoo! News asked its readers and contributors to tell us what subjects they'd like to hear Obama address. Below is a first-person perspective from a reader.
[Your Voice: Sign up with the Yahoo! Contributor Network to share your thoughts.]
I am a 60-year-old American voter and the owner of an investment advisory firm in Danbury, Conn.
I care about the country and economy on so many different levels. I have not been as concerned about the future of America since our failed attempt in 1980 to rescue the hostages held in Iran. When that occurred, I felt as if America simply could not do anything correctly and, unfortunately, that belief has resurfaced. America is experiencing the weakest economic recovery ever with a political system that rather than being bipartisan has become bi-polar and appears to be leaderless.
I hope President Obama can give a speech in which he outlines actionable steps that will allow America to gain better economic traction. I know many of my clients are worried about the double-dip recession rumors -- first whispered and now shouted.
Obama needs to address infusing the economy with money, and I think that he can accomplish that by working with Congress to construct incentives so that companies will hire people again. The unemployment rate, whether real or shadow, is simply too high and when people do not have a job, they do not have hope.
Many of my clients are retired and while they do not have to worry about working, many are concerned for their children. Several of my clients have sons who have been either unemployed or underemployed for a number of years. These clients share a genuine sense of concern and often make unplanned gifts to these children with disregard to the detriment of their own retirement.
Housing is another issue the president needs to address and fix. Many homeowners have remained current on mortgage payments that cannot qualify for refinancing due to decline in property values. Legislation should enable them to receive the lower current interest rates without changing the amount or tenor of their loans. This would free up cash. Next, people who have government guaranteed mortgages should be able to get lower rates -- again, no cash out and no extension of maturity would be made, but cash flow would increase.
After I listen to the president during his speech in early September, I want to be able to believe that America will be a great place, now and for the next generation.
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