Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Saturday, March 9, 2013

WHAT OBAMA AND THE CONGRESS SHOULD BE DOING

It was on this day in 1933 that newly inaugurated President Franklin D. Roosevelt called a special session of Congress and began the first hundred days of enacting his New Deal legislation. For the next several months, bills were passed almost daily, beginning with the Emergency Banking Act, followed by federal programs such as the Federal Emergency Relief Administration, the Civilian Conservation Corps, the Public Works Administration, the Tennessee Valley Authority, and the Federal Deposit Insurance Corporation.

As part of the New Deal's cultural programs, grouped together as Federal One, the Roosevelt administration created the Federal Writers' Project, which employed more than 6,600 out-of-work writers, editors, and researchers — among them Zora Neale Hurston, John Cheever, Saul Bellow, Richard Wright, Studs Terkel, and Ralph Ellison — and paid them subsistence wages of around $20 a week. The main occupation of the Federal Writers' Project was the American Guides Series. There was an American Guide for each of the existing states of the time, as well as Alaska, Puerto Rico, the District of Columbia, and several major cities and highways. Not mere travel guidebooks, they were also collections of essays on various subjects from geography and history to architecture and commerce.
Perhaps not these same programs, but the country needs similar stimulus to put people back to work, help them pay their bills, and put money in their pockets to buy stuff, all of which will help the economy recover.  Plus, our infrastructure is in dire needs of repair.  All the programs mentioned above left behind positive legacies.

The stock market is booming, and corporations are making record profits, but poverty in the country grows and grows.  Something is wrong with this picture, and austerity is not the answer, nor is the deficit a major concern at this time.  Those who constantly bray about reducing the deficit do not live in the real world.  If the economy recovers, the deficit will fall.

The present Republican Party is using the deficit as an excuse to meet their goal, which is to destroy social welfare programs in the country.  Of course, when their own areas are in need of federal help, the Republican politicians are first in the begging line.

 

Thursday, October 25, 2012

HE WHO MUST NOT BE NAMED

Is it just me, or does anyone else find it passing strange that the name of the most recent Republican occupant of the Oval Office is never mentioned by the members of his own party, not even in whispers?  Republicans reach back to Ronald Reagan and even as far back as Abraham Lincoln, but George W Bush has been effectively airbrushed out of Republican history.  W has not been seen nor heard from during the campaign, nor at the convention.  Which Republican candidate for public office trumpets an endorsement from George W Bush?  He's the invisible man.  Come to think of it, the Republicans are silent about W's father, George H W Bush as well.  It's as though the two presidencies never happened.  And that's not to speak of Richard Nixon, whose presidency never happened, either. 

Democrats have not forgotten W and often speak of the wars, the deficit, the tax cuts for the rich, and the economy in deep recession, on the brink of a depression, that he bequeathed to the country and to the president who came after.  How ironic that Republicans blame Obama for the last 12 years with nary a mention of George W Bush.  As Democrats say, the election of Romney would take us back to W's policies, but "on steroids". 

Sunday, October 14, 2012

JOE BIDEN: "THEY TALK..."

 

The Republicans running for president and vice-president talk trash and lies, and from what I see of Republican politicians all around the country, there are few who are willing to stand up to Tea Party politics and call them for the trash and lies that they are.  The concept of the common good, that we are all in these tough times together and that we should bear each other's burdens and help those who are most in need is lost in the noise of cries for a balanced budget - a budget that will be balanced on the backs of those who have the least and not by those who are rich in the world's goods.

At least once or twice a week people I know whine to me about undeserving freeloaders who get food stamps and SSI checks.  No doubt there are cheaters amongst them, but what kind of high living can you do on food stamps and SSI checks?  I think of the rich, like the Republican candidate for president, who pays an average of 14% tax on his vast yearly income, while mid-income people pay a higher percentage.  I think of the banks and financial institutions bailed out by the feds that, in turn, gave millions in salaries and bonuses to their top people, and the cheaters for food stamps and SSI checks seem like very small potatoes.  Sure, stop the cheaters, but let's set our priorities aright and get the rich guys and the corporations off the dole first.

And why was the Romney tax returns story allowed to die?  What about his 2009 tax returns?  2009 was the year of the amnesty when people with secret bank accounts in Switzerland had to own the accounts before their names were revealed to the IRS, whereupon they may have been subject to criminal prosecution for tax avoidance.  Did Romney take the amnesty?  He made public two years of tax returns, 2010 and 2011, but he asked Ryan for five years of tax returns.  What is Romney hiding? 

H/T to the goddess at First Draft and others for the picture.

Saturday, May 26, 2012

MITT ROMNEY - UN PETIT BIJOU

The little jewel is set in an interview with Mitt Romney by Mark Halperin:
Halperin: You have a plan, as you said, over a number of years, to reduce spending dramatically.  Why not in the first year, if you’re elected — why not in 2013, go all the way and propose the kind of budget with spending restraints, that you’d like to see after four years in office?  Why not do it more quickly?

Romney: Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%.  That is by definition throwing us into recession or depression.  So I’m not going to do that, of course.
And yet we've heard shouts to the president from Republicans, with even some Democrats chiming in, to balance the budget, "Faster, faster, faster!" in the midst of a sluggish recovery from a deep recession.

Soon to be heard in a campaign commercial to reelect Obama?  I hear the cries already: "Not right! Not fair! Taken out of context!"  How long as it been since rightness, fairness, and quotes taken in context went out the window in campaigns for public office?   

H/T to Charles Pierce, and thanks again for the use of his mantra: " Fck the deficit.  People got no jobs.  People got no money."