Category: Politics

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Medicare Mitch McConnell Politics Republican South Carolina United States

Lindsey Graham Blames His Fellow Congressional Republicans

Republican Senator Lindsey Graham of South Carolina has a message for his Republican friends in Congress. Don’t blame the President or even the Democrats. Don’t blame anyone else for the mess over raising the debt ceiling, blame yourself.

“Our problem is we made a big deal about this for three months. How many Republicans have been on TV saying, ‘I’m not going to raise the debt limit.’ You know, Mitch [McConnell] says, ‘I’m not going to raise the debt limit unless we talk about Medicare.’ And I’ve said I’m not going to raise the debt limit until we do something about spending and entitlements.’ So we’ve got nobody to blame but ourselves.

“We shouldn’t have said that if we didn’t mean it.”

The Republicans are beginning to break.

With the President holding his ground in the negotiations over raising the debt ceiling, and with Americans looking at the Republicans as obstructionists whose only goal is protecting the rich while the rest of the country slides into default, Republicans are beginning to wonder out loud why they intentionally mislead the American people over a very routine matter – raising the debt ceiling. On Tuesday, Senate Republican minority leader Mitch McConnell proposed a feeble detour to get the debt ceiling raised, and now this from Lindsey Graham.

The American people are keeping track of what’s going on, and the Republicans are beginning to see the writing on the wall… in the form of a political suicide note that is.

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Politics United States

Moody’s Place America’s Triple A Ratings On Notice For Downgrade

And so it begins. The triple A(Aaa) ratings that America has enjoyed since 1917 was put on notice for a downgrade today by Moody’s Investors Service.

Bloomberg reports that Moody’s took this initial move to lower America’s credit ratings over “concern(s) the debt threshold will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes even though the risk remains low”.  Additionally, the report stated that Moody’s  “…rating would likely be reduced to the Aa range…”  and  that ” …that there is no assurance that Moody’s would return its top rating even if a default is quickly cured.”

Meanwhile, Republicans continue protecting the tax loopholes for the rich.

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Barack Obama Democratic Party Mitch McConnell Politics United States

Mitch McConnell – “I Refuse To Help Barack Obama Get Re-Elected!”

For the 3 people in the entire world, who think Mitch McConnell is sincerely trying to work with the President to set America on solid economic ground, this one’s for you. Today, the Republican Senate minority leader clearly stated his reasoning for coming up with a “solution” to the debt ceiling, saying, ” I refuse to help Barack Obama get reelected by marching Republicans into a position where we have co-ownership of a bad economy.”

“We knew shutting down the government in 1995 was not going to work for us. It helped Bill Clinton get reelected. I refuse to help Barack Obama get reelected by marching Republicans into a position where we have co-ownership of a bad economy. It didn’t work in 1995. What will happen is the administration will send out to 80 million Social Security recipients and to military families and they will all start attacking members of Congress. That is not a useful place to take us. And the president will have the bully pulpit to blame Republicans for all this disruption.

“If we go into default he will say Republicans are making the economy worse. And all of a sudden we have co-ownership of a bad economy. That is a very bad position going into an election. My first choice was to do something important for the country. But my second obligation is to my party and my conference to prevent them from being sucked into a horrible position politically that would allow the president, probably, to get reelected because we didn’t handle this difficult situation correctly.”

Meanwhile, America’s economy moves closer to the brink of a second Great Depression. But no surprise here. This is the same Republican leader who said his number one priority was making sure the  President is a one-term president.

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Barack Obama Mitch McConnell Politics Republican

Mitch McConnell Raised The White Flag On The Debt Ceiling…Or Did He?

When President Obama earlier stated that “nothing is agreed upon until everything is agreed upon”, no one really understood where the President was going in terms of the negotiations concerning raising the debt ceiling. Later when he put forth his plan for a massive $4 trillion dollars in spending cuts – if Republicans agreed to ending the tax loopholes for the wealthy – the connection between his statement and his plan still wasn’t realized.

However, when the Republican Senate minority leader Mitch McConnell yesterday told the press, that he is willing to “authorize” the President to submit a request to congress to raise the debt ceiling, a light bulb went off in the Host of MSNBC’s The Last Word – Lawrence O’ Donnell‘s head. The President’s statement on a $4 trillion spending cut proposal finally began making sense.

The way O’Donnell explains the connection is like this: President Obama is winning the debt ceiling argument with Republicans. By making the statement, “nothing is agreed upon until everything is agreed upon,” the President put Republicans on notice, that to have a deal, both parties would have to agree to major sacrifices. He then announced a huge spending cut proposal, with the knowledge that Republicans were too much against imposing any taxes or ending the loopholes on the wealthy. With this in mind, the President essentially called the Republican’s bluff. If they were really serious about deficit reduction, they would have jumped on the opportunity to cut spending by ending the tax loopholes.

Then yesterday, Mitch McConnell came out and basically handed the President the win. What Mitch wants is a resolution to allow the President to raise the debt ceiling all by himself. The President would request congress to raise the debt ceiling. Congress would then vote to “disapprove” the request, which the President would then veto. With that veto, the debt ceiling would automatically be raised on the President’s terms.

This move by McConnell, basically giving up the fight and allowing President Obama to make the decision, brought it all home for Lawrence.

Of course, we are talking about Mitch McConnell – the same Republican who said his primary goal is to see Obama fail. It is therefore wise to look at this “plan” by McConnell from that perspective and realize the politics behind it. McConnell realizes that the Republicans have taken a dangerous position. Any default by the United States government by not raising the debt ceiling would be political assassination for the GOP. With this move, McConnell removes the Republicans from the decision-making process, that way, the President makes the decision and avoids America going into default.  McConnell can tell his Teaparty constituents that he voted against raising the debt ceiling.

The punk’s way out if you ask me.

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Barack Obama Iowa marriage Politics Republican Rick Santorum United States

Michele Bachmann’s Expertise Is Slavery… Apparently!

We all remember Bachmann’s recent signing of a pledge which claimed that children born under slavery were better off than those born after President Obama became President! Well, Steven Colbert picked up on another very interesting piece of info about her and Rick Santorum – the other Republican Presidential candidate who immediately signed the document.

For Santorum, Colbert explains that he signed the pledge, even after being “taken aback” by the strong language it contained. Colbert’s re-enactment of Santorum reading the pledge is right on the mark.

And for Bachmann, Colbert picks on the many instances where she saw the need to equate something to slavery, you know, where her expertise lies…

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Barack Obama Politics Republican Party (United States) presidential candidates 2008 White House

Obama Raises Twice As Much As All G.O.P. Candidates Combined

President Obama just set another record, shattering the White House record for presidential election fund-raising in the first 3 months of his re-election campaign. The Obama 2012 Campaign Manager, Jim Messina, made the announcement earlier today stating that in the first quarter of fund-raising, $86 million dollars was collected. Obama’s record also beat the efforts of all the Republican candidates combined.

In his 2004 re-election, former President Bush raised $50 million.

 Politico reports;

The total amount Obama raised in the first three months of 2011 also amounted to more than twice the $35 million raised collectively by the announced field of Republican presidential candidates.

“It’s a monumental achievement,” Messina said.

In order to compete against the special interests groups and secret corporate funds expected to drive the Republican nominee’s campaign, the president would have to raise an estimated  $1 billion dollars for his re-election.

Only $914 million dollars to go!

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Politics

President Obama – No Guaranteed Social Security Checks If G.O.P. Wins Debt Debate

In an interview with CBS today, President Obama laid it all on the line and explained the grave seriousness of the political game the Republicans are playing by not allowing the debt ceiling to be raised. The President explained that if the August 2nd deadline passes and no deal is met, then the 20 million Social Security checks scheduled to go out on August 3rd, might not.

I cannot guarantee that these checks go out on august 3rd if we haven’t resolved this issue.

The President is trying to get the rich to bear some of the weight of an economy that has benefited them tremendously. He has already suggested social spending cuts to programs that benefited the poor and middle class, and is asking Republicans to end some of the tax loopholes enjoyed by the rich. Republicans however, are not budging, and maintains that those tax loopholes stay off the table.

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Employment Politics United States

How To End The Vicious Cycle And Get America Working Again

Image by Koshyk via Flickr

It is simple math, really! The primary incentive for any Corporation is to make money, to make a profit. But in order for these companies to achieve their  goal, their products or services must be in demand and then purchased. When the demand is there and consumers are able to purchase these products or services, companies make a profit then produce more to satisfy consumer demand, thus more profits.

The problem with this economy is not a matter of supply and demand. Records show that Corporations are sitting on a collective financial nest egg of about $2 trillion in cash, so the ability to produce is there. And the problem is not a lack of demand either, for as long as there are consumers, there will always be a demand. The problem with this economy is the ability of consumers to purchase. It’s a vicious cycle – take away consumer’s ability to purchase, and the company’s profit incentive is no longer achievable. If the company can’t see a way to be profitable, they lay off workers and sit on their nest-egg. These laid off workers then join a population of non-consumers who don’t have the ability to purchase and the cycle continues.

What then, is the answer? As far as I can see, the answer is simple – give consumers the ability to purchase.

The best, most ideal way to do this is with jobs. If consumers are working, they get a paycheck and thus, are able to purchase. But in this economy, jobs are becoming scarce because Corporations are trying to hold on to their profits and are laying off. If we can’t attack the problem by making Corporations hire, then we must attack it from the other end  – creating the ability for consumers to buy, thus, increasing demand. When this demand is increased, the profit margin is realized by these Corporations, and hiring is increased to meet the demand of the consumers.

How do you  empower the consumers? There are two ways:

  1. The government must pick up the slack and take the initiative. A perfect example of this was the actions of  President Franklin Roosevelt during the Great Depression, where the government took more of an active role in The New Deal and was able to reduce unemployment by converting auto manufacturing plants into factories to meet the demands of World War 2. This action alone employed millions of unemployed Americans, giving them a paycheck and essentially reversing the effects of the Great Depression.
  2. A massive direct Stimulus Bill – This will put real dollars into the hands of consumers, thus, giving them the ability to consume. Because of the nature of this method, it is not a long-term sustained effort to get the economy going, but it will provide a necessary needed jolt that can get corporations hiring again to meet the sudden demand by these newly empowered consumers. More hires will eventually lead to more paychecks, thus reversing the effects of this recession.
Can this government employ these two measures now to get the economy back on the right track? Yes, they can, but it takes both sides to come to the table with a real genuine goal to get America back to work. We’ve heard a lot about “shovel ready projects.” These are real areas where people can get work and begin the process of ending this recession. Bridges, roads, schools and America’s communication infrastructures need repair. We talk about green technology and clean energy, well now is the time to put people to work getting these ideas implemented. If Roosevelt had the ability to do it back in the 1930/40’s, there is no reason why it can’t be done now.

So if a simple person like myself can figure this out, why can’t the elected elites in Washington do the same?

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Barack Obama Democratic Politics Republican United States White House

Obama To Republicans – I Will Not Fold!

President Obama called the Republicans’ bluff today, when he stated clearly that he will not sign any short-term deal on the debt ceiling. When asked whether he would veto such a deal, the President replied, “I will not sign a 30-day, or 60-day, or 90-day extension.”

He then accused the Republicans of having a “my way or the highway” stance on the debt ceiling. He also gave this warning – “I don’t see a path to a deal if they don’t budge. Period!”

The President and Democratic leaders have proposed a deal to Republicans totaling $4 trillion in spending cuts over a period of 10 years, in exchange for a few hundred billion in tax revenue. Republicans however, called this a “non-starter,” because taxes would be imposed on millionaires and billionaires. Led by House Speaker John Boehner, Republicans are demanding a smaller, short-term increase in the debt ceiling of about $2 trillion.

The President did not budge, saying “this is the United States of America. And, you know, we don’t manage our affairs in three-month increments.” And referring to those Republicans who have already said they would not support raising the debt ceiling, the President said, “It’s irresponsible. They know better.”

Of course, Boehner continued his call for the middle class to bear the weight, while the rich skates through for free!

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Politics

Another Lie – Jeff Sessions – “The Bush Tax Cuts Led to Yearly Revenue Increases.”

No matter how they try to distort the truth, one thing’s for sure – recorded facts will always remain the same (unless your name is Jon Kyl of Arizona, who unsuccessfully tried to change the record after lying about Planned Parenthood on the floor of the Senate). No, this post is not about Jon Kyl, but rather his Republican congressional lying buddy – Senator Jeff Sessions.

Yesterday on CBS’s Face The Nation, Sessions apparently forgot the power of records and stated that the Bush Tax cuts led to increased revenue for each year the taxes were cut. The way that lie unknowingly fell from Mr. Sessions’ mouth, was in response to a correct statement made by a Democrat on the panel, Mr. Bill Nelson. Nelson stated the facts, saying;

  “Jeffrey, you have to acknowledge that part of our deficit problem was the huge Bush tax cuts in the early part of the decade. What was handed off to the new administration of over a trillion dollars of annual deficit, that accounted for almost half of it. If you’re going to be real about the numbers, you’re going to have to address these kinds of things.”

Jeffery must have thought he was on a Fox News program, where facts and records don’t matter. He responded to Mr. Nelson’s statement by saying;

“That’s not accurate, Bill. The revenue went up every single year after those tax cuts were put in. The revenue is down now because of the low economy … It’s not because taxes have been cut in recent years. It’s because people are not making money. They’re not paying as much taxes. So increasing taxes on that weakened economy is not the way to increase revenue. “

Oh Jeffery, when will you Republicans learn about the Google machine?

A quick search revealed the facts – according to the Bureau of Economic Data, and the White House Office of Management Data, it seems that what Mr. Sessions said, (brace yourself) was a lie. Here are the facts:

  • In 2000, Before Bush took office, Tax Revenue came in at $2.0 Trillion
  • In 2001, Tax revenue totaled – $1.9 Trillion
  • In 2002, the first year of the Bush Tax Cuts went into effect, Tax revenue fell to $1.8 Trillion
  • In 2003, tax revenue fell to $1.7 Trillion – This, after two more tax cuts went into effect over the next two years, revenue saw a 10% decline.
CBS reports the following;
Analysis by Citizens for Tax Justice claims that the Bush era tax cuts resulted in $1,918.9 trillion in lower revenue from FY2001 through FY2009, and that the total cost if implementing the cuts (including interest payments on debt) was $2,141 trillion.
But don’t let the facts get in the way of your lies Mr. Sessions, just keep doing what you do. We’ll keep fact-checking and using the Google machine to prove you wrong.
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Iowa Mitt Romney Politics Republican

Tim Pawlenty Beats Up On Michele Bachmann…Side-steps Question About Romeny

One of the characteristics that describe Republican 2012 Presidential contender Tim Pawlenty among his fellow Republicans is timid. Some would even call him soft, so it was no surprise when he was given the chance today on Meet The Press to criticize his fellow Republican presidential candidate, Mitt Romney, Pawlenty again side-stepped the question. But when the question turned to Michele Bachmann, Pawlenty didn’t bite his tongue, stating that the female Republican contender don’t have a record to stand on.

When host, David Gregory asked Pawlenty about Mitt Romney’s health care policies, the question was a straight forward one. “Are you saying he [Romney] cannot be the nominee, unelectable as, as the nominee of the party, because of his position on health care?”

Question: Can Romney be the Republican nominee? Is Romney unelectable? The answer should have been simple – yes he can be the nominee, or no, he cannot!

Instead, the softness of Pawlenty went on full display.

GOV. PAWLENTY: I think if you’re going to prosecute the political case against President Obama and one of the top three or four issues is going to be the direction of the country in health care, it’s going to be very difficult for our nominee to be one of the co-conspirators or co- designers of that.

MR. GREGORY: I know that’s the argument. I’m asking you what your conclusion is.

GOV. PAWLENTY: It’s going to be very difficult for him to be successful with that on his record.

MR. GREGORY: In other words, he can’t be the nominee if he’s got this background?

GOV. PAWLENTY: I think as we — it’s going to be difficult for him to beat the president with that on his record. And, you know, his record is beyond just health care. It’s also a question of how did he do on judicial appointments? Where did we stand on bail outs? So all of us are going to have to account for our record. I’ve got a record. Governor Romney’s got a record. All the other candidates have record. I’ve got the best conservative record in the race.

The question was left unanswered.

Then the question turned to the only female in the race so far, Michele Bachmann. Pawlenty was asked what he thought about Bachmann’s candidacy and to distinguish himself from Mrs. Bachmann. Another simple question and amazingly, Pawlenty had a simple answer.

 “I like Congresswoman Bachmann, I’ve campaigned for her, I respect her,” said Pawlenty on the program. “But her record of accomplishment in Congress is nonexistent. It’s nonexistent. And so we’re not looking for folks who, you know, just have speech capabilities, we’re looking for people who can lead a large enterprise in a public setting and drive it to conclusion. I’ve done that, she hasn’t.”

Although I agree with Pawlenty and the facts back up his statement that Michele Bachmann have no accomplishments in Congress, one can only wonder why when the question is asked about a male he chooses not to participate in pointing out that opponent’s deficiencies. But ask about his female opponent, and Pawlenty suddenly had a lot to say.

I actually looked up the meaning of “soft” in the dictionary, and no, Pawlenty’s picture was not there, but it’s still early. Give it some time…!

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Barack Obama Medicare Politics Republican Tax United States weekly address White House

G.O.P Putting America In Default Status To Avoid A 3% Tax Hike On Millionaires

In his weekly address to the nation, President Obama spoke about the looming debt ceiling, and the discussion presently going on between Democrats and Republicans. The President detailed what both sides have already agreed to, saying;

“The good news is, we agree on some of the big things. We agree that after a decade of racking up deficits and debt, we finally need to get our fiscal house in order. We agree that to do that, both sides are going to have to step outside their comfort zones and make some political sacrifices. And we agree that we simply cannot afford to default on our national obligations for the first time in our history; that we need to uphold the full faith and credit of the United States of America.”

Mr. Obama also spoke about the differences between what he believes must be done and the position the Republicans have taken to protect the rich, saying, “I believe we need a balanced approach. That means taking on spending in our domestic programs and our defense programs. It means addressing the challenges in programs like Medicare so we can strengthen those programs and protect them for future generations. And it means taking on spending in the tax code – spending on tax breaks and deductions for the wealthiest Americans.”

And there lies the problem, the stumbling block between Democrats and Republicans. Mr. Obama’s wish to take on the spending in the tax code is what Republicans are strongly against. It must be noted here, that taking on this tax code equals a 3% tax raise on millionaires, essentially taking their tax rate from 36% to 39%, which is what the rate was under the Clinton Administration.

Republicans are saying no to that 3% raise for the rich, but they are all for spending cuts in programs that benefit the middle class, like cuts in Medicare and social Security.

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