Showing posts with label Depression. Show all posts
Showing posts with label Depression. Show all posts

Wednesday, September 18, 2013

How Republicans will give Obama carte-blanche in his last two years as President

United we stand.  Divided we fall.

The absurdity that is running amuck in Congress is destined to stop soon.  This is not just wishful thinking.  I say this with  complete confidence.   Republicans in Congress will take the lead in ending their own misery with two last desperate actions to win favor with their wealthy constituents while betraying the rest of us, and this will signal the end.

Within the Republican party, members of the Tea Party caucus are deliberately choosing to end our government.  They have shown that they do not have a desire to compromise, do not want to create useful legislation and are even willing to cause an economic crisis if they don't get their way.  They have split their own party.  Tea Party leaders such as Canadian born Ted Cruz and his Cuban born father are leading simple-minded Tea Party members astray.
Ted Cruz

They claim that the Affordable Care Act (ObamaCare) is the single most injurious program in the history of the world and must be stopped.  They blame the actions of unethical business owners, such as reducing full time employee hiring and cutting hours to avoid having to provide insurance to their employees, on Obama.  They asked for concessions to allow one more year for business owners to conform to healthcare regulations and requested exemption from the business mandated penalties and got them from Obama.  Now they claim that Obama is helping big business but denies the same exemption for individuals.  Politics and truth seem to be unfamiliar partners in Republican circles.

The first desperate action that Republicans will take is to offer a much monetarily reduced continuing resolution to keep the government running but will attach an amendment to defund ObamaCare.  This will pass the House but fail in the Senate.  After this useless legislation delay, Republicans will allow the government to shut down long enough to make the debt ceiling the next issue they can use as leverage to defund Obama Care.  Typically, they take actions that will hurt many Americans with the
aloof disregard of sociopaths.  

When it becomes painfully obvious that Republicans are hurting their own constituents with the government shut down, they will eventually pass a continuing resolution to fund the government.  You can bet that it will continue to contain articles to attack some aspect of Obama Care which Democrats may allow in order to continue governing.  My guess is that they will first propose a year exemption from the individual mandate penalty that will not be approved.  Then they will attach a demand for reduced employer contributions to the employee insurance premium.  That or something like it will probably pass.

With the government back in operation, a week or so later, Republicans will use the threat of not passing the debt ceiling as another attack on defunding ObamaCare.  Most members of Congress know that increasing the debt ceiling is needed in order to pay for debt obligations already made by Congress.  The last time increasing the debt ceiling was rejected by Republicans, America's credit rating dropped and the interest rate charged increased.  Increasing the interest on trillions of dollars in loans makes for a huge increase in our deficit.  Republicans never seem to remember how much they are personally responsible for "Obama's" deficit.

This time there will be no compromise and America will go into default on its loans for some period of time.  Then it will be a race to see which side will give in first.  Because of our already tight monetary policy, the economic health of America is sure to be hurt.  Federal Reserve Chair Bernanke has described this as a recession inducing action.  

If it appears that there is no compromise in sight, stocks will be affected and Americans 401K's will
Crash of 2013?
lose tremendous value.  Retirees can expect that their incomes from investments will be slashed and their standard of living will be drastically reduced.  The wealthy will remove their cash from the stock market and place it into tax sheltered off-shore accounts.  This will pull the market down even more.  A middle-class financial crisis could become the most severe in history and will signal the end of the middle-class in America.  When the middle-class is gone, business will be affected and the entire economic structure of the United States could undergo the greatest depression in our history.

Because of the potential economic damage to America and the world, I have to believe that Republicans will give up on their insistence to defund ObamaCare and pass the increase in the debt ceiling, especially when they realize that the world will see them as the cause of a world-wide depression.

But some damage will be done to the economy because Republicans won't give up their senseless acts of desperation in short order.  Because this will hurt their own wealthy Wall Street constituents, the Tea Party Republicans will be stifled and healthier Republican minds will prevail.

The future may bring civility back to governing.

Remember the next month when you are voting for your Congressmen in the 2014 mid-term elections.  Let's hope righteousness is a powerful enough ideal and pervasive enough in our voting public to overcome the evil that seems to have invaded Republican politics.

Your vote is the key.

Wednesday, August 15, 2012

Can Independent voters help us avoid another Great Depression?

Picture this:  November 6th, 2012:  Election day in America.  As a Citizen of these great United States you find yourself, like many others, still undecided on whose name you will cast your ballot in favor of.  You have 2 (or possibly 3) choices.   Leaving out potential third party candidates or write-in votes, (Ben Dover and Amanda Hugginkiss will not be elected despite at least 300 votes cast for them), the realistic options you are left with are either current  President Barak Obama or Former Governor Mitt Romney.   Decisions, decisions. 
It may seem like a simple decision for most but let us not forget that the Independent vote is heavily sought after.   History has shown us that  these voters end up swaying most elections in toss up States; States that candidates so desperately covet.  One only needs to look back as far as 2004 in the Bush vs. Gore General Election to realize that Florida and its independent voters had the option to sway the political landscape one way or the other on their own.  As you can see from the graph in statewide voter registration for Florida, Independent voters are at an all time high.  Because these voters registered themselves as Independents, they're essentially saying to the world...

 "I do not toe any major party's political line.  I will make my decision on which candidate proves to me he will make my country and my life better than his opponent."

Well said, Independent voters!  We hear you loud and clear.  This one is written with you in mind.

All I seem to hear from Republicans these days are a plethora of what they believe are rhetorical questions such as, "What has Obama done for this country?  He's had 3 1/2 years... how is this country ANY better ?!  " and "You really want a guy with the middle name Hussain to be in office!?  He was born in Kenya, didn't you know that?"  or one of my personal favorites, "I'm a Christian therefore I'm a Republican."  Which really makes me start to believe that the first two words of the cliche "I think; therefore I am" does not apply to these unfortunate few.  

So let's take a closer look into these mind-boggling questions and answer a few to help those undecided voters realize who they're voting for. 

What has President Obama done for this country in his 3 1/2 years? 
Sit down with any Republican for long enough and this "rhetorical" question will eventually arise.   They will then come to the conclusion for you if you do not answer the way that their party tells them is correct. They then speak for you and say the answer is 'nothing.'   According to them, the last 3 1/2 years that Barak Obama has been President, he's brought our country on the brink of collapse and has done nothing to help.  Really?  If you're a free-thinker with an IQ that can surpass that of an 8 year old, you know this certainly is an incorrect conclusion.  

President Obama has done a multitude of things to help this nation that the Republican's would like to spin into a negative or belittle in one way or another.  In fact, Obama has enacted beneficial policies and established funding for improvements to America that even the most hardened of Republicans would have a tough time making sound detrimental to the country as a whole...though I assure you most will try.  Among these accomplishments, some of the most bi-partisan friendly are as follows:
  • "Eliminated Osama bin laden: In 2011, ordered special forces raid of secret compound in Abbottabad, Pakistan, in which the terrorist leader was killed and a trove of al-Qaeda documents was discovered.
  • Ended the War in Iraq: Ordered all U.S. military forces out of the country. Last troops left on December 18, 2011.
  • Kicked Banks Out of Federal Student Loan Program, Expanded Pell Grant Spending: As part of the 2010 health care reform bill, signed measure ending the wasteful decades-old practice of subsidizing banks to provide college loans. Starting July 2010 all students began getting their federal student loans directly from the federal government. Treasury will save $67 billion over ten years, $36 billion of which will go to expanding Pell Grants to lower-income students.
  • Increased Support for Veterans: With so many soldiers coming home from Iraq and Iran with serious physical and mental health problems, yet facing long waits for services, increased 2010 Department of Veterans Affairs budget by 16 percent and 2011 budget by 10 percent. Also signed new GI bill offering $78 billion in tuition assistance over a decade, and provided multiple tax credits to encourage businesses to hire veterans.
  • Tightened Sanctions on Iran: In effort to deter Iran’s nuclear program, signed Comprehensive Iran Sanctions, Accountability, and Divestment Act (2010) to punish firms and individuals who aid Iran’s petroleum sector. In late 2011 and early 2012, coordinated with other major Western powers to impose sanctions aimed at Iran’s banks and with Japan, South Korea, and China to shift their oil purchases away from Iran.
  • Improved School Nutrition: In coordination with Michelle Obama, signed Healthy Hunger-Free Kids Act in 2010 mandating $4.5 billion spending boost and higher nutritional and health standards for school lunches. New rules based on the law, released in January, double the amount of fruits and vegetables and require only whole grains in food served to students.
  • Gave the FDA Power to Regulate Tobacco: Signed the Family Smoking Prevention and Tobacco Control Act (2009). Nine years in the making and long resisted by the tobacco industry, the law mandates that tobacco manufacturers disclose all ingredients, obtain FDA approval for new tobacco products, and expand the size and prominence of cigarette warning labels, and bans the sale of misleadingly labeled “light” cigarette brands and tobacco sponsorship of entertainment events.
  • Passed Credit Card Reforms: Signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees.
  • Brokered Agreement for Speedy Compensation to Victims of Gulf Oil Spill: Though lacking statutory power to compel British Petroleum to act, used moral authority of his office to convince oil company to agree in 2010 to a $20 billion fund to compensate victims of the Deepwater Horizon oil spill in the Gulf of Mexico; $6.5 billion already paid out without lawsuits. By comparison, it took nearly two decades for plaintiffs in the Exxon Valdez Alaska oil spill case to receive $1.3 billion.
  • Expanded Health Coverage for Children: Signed 2009 Children’s Health Insurance Authorization Act, which allows the Children’s Health Insurance Program (CHIP) to cover health care for 4 million more children, paid for by a tax increase on tobacco products."
You would be hard-pressed to find any republican who could argue that these few examples are not worthy of recognition  and applause.  If you'd like hundreds of more examples, please visit the following link:  What the f*ck has Obama done so far?

"Mitt Romney has my best interests in mind.  He's a smart business man and with that kind of a mind, our economy will recover faster!"
Really?  Do you make over 250,000 dollars a year?  If not then you're like 98% of the nation and will not be getting any positive attention from a Romney Presidency.  And if you do... good news!  Mitt Romney WILL help you... financially, at least.  As a millionaire or billionaire he'll make sure you get tax breaks in order to help you survive this difficult economic time.   

How will he do this?  In a way that makes Romney appear to not have a conscious.  His tax break to the wealthiest of Americans will be paid for by the rest of us.  He and his running mate will pay for these favors for the wealthy by eliminating medicare and medicaid as we know it, increasing medicare costs on seniors, disassembling social security, and by overhauling every social program that has helped those less fortunate survive.  

Romney has given little information on the specifics of his economic policies and instead is asking the American people to trust him and wait until after he is elected to hear more about his solutions for our economy.  Most observers have noted that of the information we know about Romney's economic policies, it is almost certain that he will repeat the mistakes of the Bush administration which got us into this Great Recession.  A vote for Mitt Romney will make our economy collapse further.  This recession can get worse and could land us in another Great Depression.  

Giving tax breaks to the ultra-wealthy has never, ever helped the economy recover.  If you are in the 98% and are considering voting for Mitt Romney this election cycle, you truly are 'shooting yourself in the foot.'

Being a Corporate leader does not necessarily make a good President.  The United States government is not run like a Corporation.  Although we strive for control of the deficit, there is no government profit motive.  What is very important is how we achieve control of the deficit, and that is where the political parties differ to the greatest degree.    

"Mitt Romney can do a better job than Obama in turning our country around. "
No President aside from George Washington ever starts his Presidency off with a clean slate.  They always walk into some remnants of their predecessor.  Sometimes that's a good thing.  Sometimes it's not.  

President Obama's predecessor, George Bush, left office with an approval rating of only 22%.  This is the lowest in history.  His VP, Dick Chaney had an outgoing approval rating of only 13%.  When his policies were fresh in our minds, Americans did not show any love for then-President Bush.  You might even say most of us hated him.  Remember Bush's commitment to two unnecessary wars that not only caused death of our servicemen and women but also led to huge deficit spending?  Remember the housing market collapse that was encouraged by Bush's contempt for government regulations on banking?  Remember the stock market crash that was also encouraged by Bush's deregulation of Wall Street?  Surely you can concede that President Obama walked into a mess in his first year as President.  Just because a new President takes office, these remnants of Bush policy decisions do not go away. And despite Republican obstruction in Congress, President Obama's policies have started leading us out of the Bush economic disaster.

Any idea how long it took the United States to recover from the Great Depression?  I'll help you out.  It started in 1929 and bottomed out in 1933.  It wasn't until 1941 that the economy rebounded.  

Just before the Great Depression the Republican agenda was very similar to what it is today.  Herbert Hoover was the Republican incumbent whose policies led to the start of the Great Depression.  Loose regulation on the banking industry and government indulgences to Wall Street were prevalent.  Franklin D. Roosevelt, a Democrat, succeeded Hoover and initiated policies that would echo today's Democratic Platform.  For example, his New Deal initiative gave people federally funded jobs.  He supported the middle-class to grow the economy from the middle out, as President Obama is proposing. 

These are just some of the hundreds of differences between Obama and Romney.  Hopefully you are listening to their speeches and can see the differences for yourself.  Perhaps this blog has given some reasons that a vote for Obama is in your best interest.  In fact, I'm baffled why 98% of the country won't vote for Obama.

If you vote for Romney, then you must be in the top 2%.  Here's hoping that your compassion for others is greater than your vote would imply.