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1 gop not the answer on Sat Jul 17, 2010 12:33 pm

gypsy


Moderator
http://www.huffingtonpost.com/mitchell-bard/the-financial-regulation_b_648892.html?utm_source=DailyBrief&utm_campaign=071610&utm_medium=email&utm_content=FeatureTitle

Mitchell Bard


The Financial Regulation Vote Shows that While Americans Should Be Angry, the GOP Is not the Solution

As the partisan cable networks breathlessly discuss what will happen in the midterm elections in November, there is much talk about how Americans are angry and, as a result, the Republicans are set for major gains in Congress. But the connection between these two assertions -- Americans' dissatisfaction and GOP success -- strikes me as incredibly lazy, both by the media and the voters.

Nowhere is this disconnect more clear than in the financial regulation battle, which finally concluded with a bill passing the Senate yesterday.

Americans have every right to be angry. Oil has been spewing into the Gulf of Mexico for nearly three months (hopefully, it's finally been contained). Islamic extremists seek to kill Americans. We have such a muddy immigration situation, that, no matter which side of the ideological fence you sit on (pun intended), you can't be happy with the way things currently operate.

But the main point of anger is the economy. The official unemployment rate is hovering around 10 percent (with millions more not counted because they've given up on looking for a job). People are concerned about their ability to pay their bills and see an unfair system that rewards Wall Street's reckless risks while punishing middle class workers.

But if Americans want to assess blame for these woes, and if they want to choose who should help get us out of these messes, they have an obligation in a democracy to make an effort to really look at the issues before making a decision. And the media, likewise, has an obligation to sort through these complicated issues more carefully.

If the Republican campaign message for 2010 was something like, "Yes, we know that we caused all these problems in the Bush years, but we've learned our lesson, and now we are offering these new ideas to fix things in the future," I would understand (if not agree with) the equating of the problems with Republican gains. But that's not what the Republicans are offering. Rather, the GOP campaign message for 2010 is essentially the same message as the Bush years, only more militant (and more wacky, thanks to the Angle-Paul tea party influence). Their pitch is built around deregulation, lower taxes for the rich, and less government, the very things that got us into this mess in the first place.

The Republican congressional record for the Obama years consists of opposing any initiative the president offered (in an effort to make him look ineffectual), even if he proposed something the GOP itself had supported earlier, and to offer as solutions the same tired policies from the Bush years (tax cuts, even if they add to the deficit, as Sen. Jon Kyl suggested). That shouldn't be a winning election argument. But with incendiary rhetoric and right-wing-propaganda-machine-fueled lies taking center stage, the focus for the midterms hasn't been on the facts (how we got here and what the two parties have offered since).

In fact, the Republicans have been at the heart of the causes of these problems, and they have offered little other than the same policies as solutions.

Which brings us back to financial regulation, an issue directly tied to the current economic problems. We did not magically morph from prosperity to recession. Rather, the current recession and massive job loss began with the near collapse of the financial system in 2008. Wall Street played a win-lose game (they won no matter what, but we all lost) with risky financial instruments. The housing market collapsed under the weight of subprime mortgages. So the deregulation trumpeted by Republicans caused this mess, and yet the party still touts deregulation.

Certainly, Americans should be angry. And it would seem obvious that action was needed. Nevertheless, all but three Republicans in the Senate didn't think so. Given a choice of standing with the banks or the American people, the Republicans announced their allegiance loud and clear: It is the party of the financial institutions.

So what is the Republican solution to our economic woes? Based on the actions of their leaders, it seems to be to blame the victims, cut taxes and protect the banks. Not only have Republicans opposed extending unemployment benefits, they have tried to blame the unemployed for their plight, particularly cruel since it was their policies that put them out of work in the first place. Arthur Delaney pointed out two examples in HuffPost last week: Sen. John Kyl said unemployment benefits provide a disincentive for the unemployed to seek work, and Sen. Judd Gregg claimed that unemployment insurance encourages the unemployed to stay out of work. (Again, Kyl won't support adding to the deficit for unemployment insurance, but he is fine with doing so for tax cuts for the wealthy.)

Republicans have used increasing government debt as a pro-GOP argument. Generally, it is, of course, better for the government not to run large deficits. But the Republican argument ignores history and is overly simplistic. After all, Bill Clinton handed a surplus to George W. Bush, who proceeded to leave Obama with a gaping deficit. Republicans were happy to run up debt in the 2000s on tax cuts for the rich and the wars in Iraq and Afghanistan, none of which were paid for. But now that the tens of millions of Americans face unemployment, these same GOP leaders complain about the deficit and say we can't afford any programs to help. How is it that we could afford to spend when it was for tax cuts (and still can, according to Kyl), but not to help those hurt by the Republican-policy-induced recession?

Two polls released on Tuesday showed that Americans care more about unemployment than the deficit. Which party is more concerned with each of those issues? So why should the anger translate to GOP votes? It shouldn't.

In general, Republican policies precipitated the recession, and the party's solutions are to offer more of the same. And when it came to deciding who to stand up for, the Republicans attacked the unemployed and stood with the banks. Americans' anger is legitimate, but directing that anger by giving power back to the GOP is misplaced. The connection makes no sense.

(You could run the same arguments for the oil disaster, immigration and terrorism, showing the Republican culpability and the lack of new solutions offered by the GOP to address the problems.)

I harbor no illusions that Obama and the Democratic Congress are above critique. But I'm saddened that there seems to be no recognition that most of the messes we find ourselves in were created, by and large, by the policies instituted by Bush and his Republican allies in Congress, and that the Republicans are offering those very same policies as the solution in the current campaign. It seems to me handing the reins back to the people who created the problems in the first place (and, more importantly, are only offering more of the same) is a horrible way to respond to the challenges. I'm further saddened that GOP strategy of obstructing and lying, putting rhetoric in front of facts, seems to be working.

You would think that with an oil disaster ravaging his state's already hurting economy, Sen. David Vitter would have better things to do than vote against financial reform and endorse bogus "birther" lawsuits against the president. But this is the essence of the Republican party in 2010.

2 Re: gop not the answer on Sat Jul 17, 2010 4:09 pm

rosco 357


Veteran
i am not making any judgements on this post, but if i had posted an oposite view, you would come back with this is a guys opinion. but u can get the opposite view if u leave the huffington post, to another source. so i dont care if its his opinion,, others have other opinions, and that is how it should be.. i will not shoot it down as a persons opinion. because like belly buttons everyone has one, and thats ok, but things will play out for all to see, and so we shall. november is not far off,

3 Re: gop not the answer on Sat Jul 17, 2010 4:21 pm

gypsy


Moderator
well Rosco good afternoon,first off, yes, I depend on you to put the opposite of what I put,in regards to political beliefs, just because two people agree on that belief does not make it right.
How you believe and how I believe who is right, who is wrong? I would say that what has happened in this country the last eight years during the Bush administration is proof enough that the Republicans can't run this country. yes we all have belly buttons, well some don't due to surgical procedures they have to have, that removes them~ LOL
I respect you and your opinions, I think you should respect mine. Thanks!
ps you keep referring to November we shall see is right, and if the Republicans take back power, i pray they change their attitude~ and run this country for the people Not big oil cop,and rich people.

4 Re: gop not the answer on Sat Jul 17, 2010 4:31 pm

rosco 357


Veteran
i have always said im in the center, and i post on both sides, sometimes i post things , i dont always post the way i believe but i post because the article is of interest to ppl and to me, i have different views on different things, im not set in stone on dems or repubs,, i try to post how i think things will play out, and the elections will prove me right or wrong, take care

5 Re: gop not the answer on Sat Jul 17, 2010 5:05 pm

gypsy


Moderator
I agree on that but the question is what the parties do after they win the election~ if the gop goes down the same trail as before, and it looks like that is what they are doing~ then where are we again?

6 Re: gop not the answer on Sat Jul 17, 2010 10:26 pm

rosco 357


Veteran
i dont know, things are tough all over the world, i dream for the days of bill clinton who handed bush a surplus, and bush handed obama a 1.3 trillion deficit. some of that was war expense which was put into the deficit, but i do think bush mad a mistake rolling back the clinton income tax schedule he got passed, ,, i think the rich could afford the few percent more, they thrived under clinton, they were not hurt, maybe it was just good economic times, but when clinton raised the taxes on the rich just a few percent, the economy took off,and taxes poured in, till we had the surplus, what ever the reason, those were good days, and i was working at my dream job, now i dread getting up each day.. im in no way a happy camper, but am as hard as it is glad im still working..but i get almost sick going,

7 Re: gop not the answer on Sat Jul 17, 2010 10:36 pm

gypsy


Moderator
I agree Rosco, those were some good days/times.

while bush was in office the wars weren't even paid for, so that goes on Obama's debt!,I am ashamed of our politicians,some dems included, but mostly the whole pack of republicans,My dad use to say, a good republican politician is a dead one! I know!! I use to say, Dad that is to harsh~
we can hope that it returns to those times~ and work hard to study the people running~ for office.I am very involved in community politics~

8 Re: gop not the answer on Sat Jul 17, 2010 10:48 pm

runawayhorses


Owner
rosco 357 wrote:i was working at my dream job, now i dread getting up each day.. im in no way a happy camper, but am as hard as it is glad im still working..but i get almost sick going,
I understand that rosco, its hard times and the heat doesn't help much either. As you know I was in it when I worked at the sheet metal shop with my dad for 8 years, it often times got over 100 degrees in the shop, and also at the hardware store where I delivered shingles and drywall in the middle of the summer. I had to put the shingles on the roof at the top of the roof. I delivered often times to construction sites, other times residential homes. The drywall was no piece of cake either. I bloodied my hands many times carrying those sheets. I worked the lumberyard too etc. I know what it feels like to wake up and say "oh no! not another day of this shit!"

I don't know what to say to you to make you feel better. The only thing left is to change jobs to a inside job where you know what your doing and are confident. For me its computers. If I was ever to work again it would have to be computers, which are Inside, air conditioned. I will never work outside again. Computers are my only option considering my health and also it is my strength. I know more about computers and the internet and website design than I ever knew about anything else. If I have to go back to work someday, it will be inside on a computer. Period.

9 Re: gop not the answer on Sun Jul 18, 2010 12:29 am

gypsy


Moderator
I hope I am not stepping in/ I love this post to Rosco.

Many hard working days,I have endured. I finally made it~ and now have some golden years/left I hope/Hang in there /go for something easier/
Love you guys~

10 Re: gop not the answer on Sun Jul 18, 2010 1:43 am

rosco 357


Veteran
well my dad died as u know before his time, and had 2 seperate cancer operations on different cancers while he was working in his late 50s , they were not a spread from one to another but totally seperate, when the first one returned they had to test it to see which one it had spread from, he got to hurting at work and went to the dr, and was put in the hospital and never worked again and died in 7 months, he got his first disability check 3 days after he died so we had to send it back, all he ever talked about was retiring, he died at 61 but had several tough years before that with 2 cancer ops and chemo, but i have said this i try to find the good, he was in WWII and many did not come home, he did and raised a family and did a great job at it.. and worked 6 days a week, with 3 days a year vacation, SO what im saying is , u never know if something is wrong but all the test i have had are ok, so i hope i get to retirement age. and get to stop going to work, i hear ppl say they will get bored, not me i have to many things to do here and the lake, i just hope my health is where i can work at home and lake on things, but i will always work in the heat, its all i know, i just need to hold out till then, if i hold out the time i have been there so far, i will make it to that age, i read the dems and republicans are talking about and are in agreement on raising the retirement age to 70 for ppl under 50 , but i only saw it once,about a week ago,, but they will have to do something as the baby boomers as i am are now retiring and drawing heavy out of the social security pool,. i think off the top of my head the baby boomer gen is ages born in 1945 or 46 thru part of 1954 ,my sister missed being in the 67 full by 3 months so she is the same as me, and get full at 66 but can get medicare at 65, thats all i care about i will go at 65 when on medicare, and take the small one year hit on the amount i draw, if u go at 62 and are a boomer u get 75 percent , it was 80 percent but for boomers it 75 because full is not 65 years of age but 66.. man i wish u could get medicare at 62 and i would retire at 62 for the 75 percent, lol,, well im rambling, but mainly i hope i keep my health, as u know the reason for the boomers is after the war was over lots of ppl had babies, lol

11 Re: gop not the answer on Sun Jul 18, 2010 2:27 am

gypsy


Moderator
I got lucky and retired early,, lots of bad things in those time periods, happened though

I have never been bored in my life/didn't have time to be//
I sure am not now,I get to do all things I love to do~~

12 Re: gop not the answer on Sun Jul 18, 2010 2:30 am

runawayhorses


Owner
Lucky you

13 Re: gop not the answer on Sun Jul 18, 2010 2:38 am

gypsy


Moderator
Thank You.Tyler, it wasn't all luck//Lots of hard work/tragedy,also~we all endure bad times. when I said I never been bored,,it was a truth.I worked to never give into that .

14 Re: gop not the answer on Sun Jul 18, 2010 2:44 am

runawayhorses


Owner
I worked my fucking ass off for years. Glad your world is so perfect. Mine isn't, and the same can be said about a lot of other people too that worked there ass off. Enjoy your retirement.

15 Re: gop not the answer on Sun Jul 18, 2010 2:49 am

gypsy


Moderator
No. my world is not perfect//by far.but it is good to enjoy,what I worked for~sorry if I came on like it was perfect~

16 Re: gop not the answer on Sun Jul 18, 2010 2:58 am

SSC


Admin
Tyler, I know what you are saying, so many people have been screwed over by the Gov. they have had unfortunate turns in life whether it be health or financial or both. Life isn't all about champagne and roses. A realist has beer and daisies. The key to the whole thing is to be a survivor.

17 Re: gop not the answer on Sun Jul 18, 2010 8:33 am

runawayhorses


Owner
I agree.

18 Re: gop not the answer Today at 3:26 pm

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