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Peter Idusogie

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A New Economy

We must begin by supporting a common sense economy which ties policy decisions and key legislations in the corridors of power to the quality of lives of people. Elected officials must begin by renewing their thinking and mindset by first recognizing that they are servants of the people and not slaves to special interest. They must devote as much time to serving the interest of the citizens as they do to fundraising for the next election. We must abandon the smoke screen politics that gives the American people a false impression that raising or lowering taxes is the panacea to a robust economy without making hard choices. This is one of the biggest deceptions in our nation's history. Cutting and raising taxes can both grow and hurt the economy depending on whether you have a sound economic plan for the State.

The fastest way to create a new economy for Minnesota is to invest in educating our children. Education is the great equalizer in a diverse culture and the gateway to future prosperity.  We must channel the educational priorities of our children to one that will provide more employment opportunities for them in a 21st century economy.  Given my international background as a first generation American, I would work to develop new markets abroad for existing companies in Minnesota .  Indeed, I will open up new markets for Minnesota farmers in Africa which is now emerging as the continent that was least affected by the global economic meltdown.  Out of 53 African countries where the largest gold, diamond and natural resources in the world lies, half of them are doing well enough for China to invest nearly 100 billion in that continent while we in America stood by. And I say never again.  I will work to open up new markets for all manner of Minnesota companies.

I will work with the people of this great State to unleash the entrepreneur mindset of the people of Minnesota by utilizing drip capitalization to attract new inventors that otherwise would not have a chance in becoming the next 'Edison or Einstein.  Drip capitalization is the granting of loans in stages based on meeting a thresh hold of success.  This will allow a new generation of products and services based on witty inventions and new technology to emerge while the new products, equipment and gadgets from this future breakthroughs will provide new solutions to old problems.


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