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Republicans Will Never Admit that America’s Economic Woes Are Solely Their Fault

ProudProgressive 2012/05/17 16:20:45

Article excerpt follows:

Republicans Will Never Admit that America’s Economic Woes Are Solely Their Fault
By: Rmuse
May 17, 2012

Listening to Republicans speak about the shape of the economy, it must be difficult for average Americans to discern whether they are bewildered by finances or just lying to cover over their malfeasance. After the Republican’s shenanigans during past three years regarding fiscal matters such as spending cuts, the budget and deficit, there is no doubt the GOP is lying to promote support for their economic ideology of giving most of America’s wealth to the very rich. So far this week, Republicans have made a concerted effort to pin the nation’s slow-growing economy on President Obama, and they have particularly singled out the nation’s deficit as the biggest hindrance to economic growth and job creation even though their policies are singularly responsible for deterring a robust recovery. On Tuesday, Speaker of the House John Boehner signaled that Republicans will revisit the debt ceiling debacle that nearly shut down the government last year and cost America its first credit downgrade in history.

Boehner promised that Republicans would offset any debt limit increase with larger spending cuts, and to make sure the deficit continues growing, reject letting the Bush-era tax cuts expire or increase taxes on the wealthy. If those comments sound familiar, they were exactly what S&P; cited as why they downgraded America’s stellar credit rating. As a quick refresher, President Obama asked for $4 trillion in across-the-board cuts to reduce the deficit coupled with increased revenue, but the Republicans held out for $2 trillion and no increased revenue with all the spending cuts coming from social safety nets and government programs. The Republican plan created no jobs, and besides rejecting increased revenue, would eliminate millions of Americans’ jobs in the public and private sector. It is important to remember that when the Republicans first proposed spending cuts that killed over a million jobs, Boehner said, “so be it.”

Boehner did have some good news for the wealthiest Americans when he announced that Republicans would extend the Bush tax cuts before the November general election in what promises to be another hostage situation, and he called on legislators on both sides of the aisle to reach a long-term deal on spending and tax changes, but promised there would be no additional taxes on the wealthy. The tax changes must be the Ryan and Romney budget plans that raises taxes on the poor and middle class while giving lower tax rates to the wealthy; or as Republicans refer to them, job creators.

Republicans are not serious about cutting the deficit any more than they are serious about creating jobs. There is not one Republican who can cite how reducing the nation’s debt will create one job, but they have done their best to fool Americans into believing that deficit reduction and more tax cuts for the wealthy will create full employment; it is stunning in its foolishness. If cutting spending created jobs, then every American who is not filthy rich would be employed and the jobs issue would be moot. Every family in America has had to cut expenses just to survive because of declining wages and higher prices, and yet unemployment has hovered around 8%.

What Republicans will never admit is that America’s economic woes are solely their fault and especially the deficit they created with unfunded wars, tax cuts, and a Medicare prescription plan. Willard Romney weighed in on the deficit and claimed he “will lead us out of this debt and spending inferno. I will bring us together to put out the fire.” It is another lie from the king of liars. Romney’s tax and spending plan will increase the budget with lower tax rates for the top 1/10th of 1%, and expand military spending as well as “broaden the tax base” which is code for increasing taxes on the poor and middle class. Romney also said he would cut domestic programs by 10% and transfer some government functions to the private sector, and “streamline everything that’s left.” Romney’s deficit talk was short on specifics, but based on his sketchy economic plan and endorsement of the Ryan Path to Prosperity budget, he will certainly increase the deficit with his proposed $10.7 trillion tax cuts for the rich and corporations.

Republicans should just be honest with Americans and admit that their goal is an America of uneducated peasants subservient to the wealthy who will own and operate what is left of the government. President Obama gave them the deficit reduction they clamored for last year, and they rejected it to keep the wealthy happy and eliminate more Americans’ jobs. It is growing tiresome to hear them blame the economic malaise on President Obama, and specifically Willard Romney’s contention that President Obama has made the economy worse than when he came into office. Romney could not even acknowledge that convicted war criminal George W. Bush and Republicans caused the world’s economic recession or increased the deficit that will continue costing America for at least a decade regardless of austerity measures and privatizing what is left of the government.

There are three reasons President Obama inherited a devastated economy and they are precisely what Republicans and Willard Romney want to return to. Their propensity for unfunded wars, deregulation, and perpetual unfunded tax cuts for the wealthy created the world’s economic disaster and they cannot wait to drive America into bankruptcy so the ultra-wealthy and their corporations can step in and privatize what is left of the government. They cannot deny it and the proof is in their plans for America if they ever take control of the House, Senate, and White House. It is disheartening that many Americans are stupid enough to fall for the Republicans’ deficit talk this week, and sickening that they will support Republicans when they hold the nation hostage again as Boehner threatened to do when the debt ceiling needs to increase. America will never be conquered by a foreign enemy, but at the rate Republicans are going, this nation will fall victim to homegrown enemies of the state who have as their symbol an elephant bought and paid for by corporate money, and stupid voters who still think giving the rich America’s wealth is the Path to Prosperity.



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  • MorbidCynic 2012/05/27 08:28:26
    MorbidCynic
    That's because it's the liberals who caused most of the problems.
  • Flyingbug 2012/05/18 02:06:13
    Flyingbug
    Both sides had their share of antics. At the moment, however, there has been no budget since the current administration was sworn in. And for the first two of those years, the Democrats had both houses of Congress and the White House.

    During this time, we've had many bills passed--a good many of them of the President's agenda. One law, Obamacare, was practically jammed through Congress without so
    much as a proper reading. No one knew what was really in it, but Pelosi and Reid insisted that it had to be passed and practically bullied it through.
  • jdemme 2012/05/18 01:05:59
  • Cold Warrior 2012/05/17 19:59:19
    Cold Warrior
    +1
    What a load of left wing propaganda.

    obama
  • cuzzbuzzla 2012/05/17 19:52:18
    cuzzbuzzla
    +1
    I'm a Democrat and I know this is the biggest load of bull I have ever seen on SodaHead.
  • tommyg - POTL- PWCM-JLA 2012/05/17 19:12:08
  • Kaleokualoha 2012/05/17 18:35:43
    Kaleokualoha
    I disagree that it is solely the GOP's fault. Both parties share blame, although the GOP deserves the lion's share,
  • Cthulhu Kaleoku... 2012/05/17 18:41:01 (edited)
  • Farnsworth 2012/05/17 18:31:00
    Farnsworth
    The Great Depression ushered in President Franklin Roosevelt and strong control by Democrats[26] and historic New Deal policies. Roosevelt's election in 1932 marked a shift in government power towards the executive branch. Numerous New Deal initiatives came from the White House rather than being initiated by Congress.[27] The Democratic Party controlled both houses of Congress for many years.[28][29][30] During this time, Republicans and conservative southern Democrats[31] formed the Conservative Coalition.[30][32] Democrats maintained control of Congress during World War II.[33][34] Congress struggled with efficiency in the postwar era partly by reducing the number of standing congressional committees.[35]

    In 1960, Democratic candidate John F. Kennedy narrowly won the presidency and power shifted again to the Democrats who dominated both houses of Congress until 1994.

    From Wiki: so take it up with them. The footnoted documentation is listed at the site.
    http://en.wikipedia.org/wiki/...

    "THE CONGRESS: 72nd Made". TIME. November 17, 1930. http://www.time.com/time/maga... Retrieved October 5, 2010.
    ^ a b English (2003), p. 14
    ^ "THE CONGRESS: Democratic Senate". Time. November 14, 1932. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ "POLITICAL NOTES: Demo...




    &





    The Great Depression ushered in President Franklin Roosevelt and strong control by Democrats[26] and historic New Deal policies. Roosevelt's election in 1932 marked a shift in government power towards the executive branch. Numerous New Deal initiatives came from the White House rather than being initiated by Congress.[27] The Democratic Party controlled both houses of Congress for many years.[28][29][30] During this time, Republicans and conservative southern Democrats[31] formed the Conservative Coalition.[30][32] Democrats maintained control of Congress during World War II.[33][34] Congress struggled with efficiency in the postwar era partly by reducing the number of standing congressional committees.[35]

    In 1960, Democratic candidate John F. Kennedy narrowly won the presidency and power shifted again to the Democrats who dominated both houses of Congress until 1994.

    From Wiki: so take it up with them. The footnoted documentation is listed at the site.
    http://en.wikipedia.org/wiki/...

    "THE CONGRESS: 72nd Made". TIME. November 17, 1930. http://www.time.com/time/maga... Retrieved October 5, 2010.
    ^ a b English (2003), p. 14
    ^ "THE CONGRESS: Democratic Senate". Time. November 14, 1932. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ "POLITICAL NOTES: Democratic Drift". Time. November 16, 1936. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ a b "THE CONGRESS: The 76th". Time. November 21, 1938. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ "THE VICE PRESIDENCY: Undeclared War". Time. March 20, 1939. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ "CONGRESS: New Houses". Time. November 11, 1940. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ "Before the G.O.P. Lay a Forked Road". Time. November 16, 1942. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ "Business & Finance: Turn of the Tide". Time. November 16, 1942. http://www.time.com/time/maga... Retrieved October 10, 2010.
    ^ a b "The Congress: Effort toward Efficiency". Time Magazine. May 21, 1965. http://www.time.com/time/maga... Retrieved September 11, 2010.


    My point is the Democrats ran the show from about 1932 to 1994. in those 60 years we got many of the entitlements that now burden and endanger our country. All conceived and pushed through by 60 years of a Democrat majority. While EVERYONE in office holds the bag for the trouble we are in now, Democrats and liberals were at the root of the problem from the beginning.

    Inconvenient truth isn't it?
    (more)
  • whitewulf--the unruly mobster 2012/05/17 18:27:30 (edited)
  • Cthulhu whitewu... 2012/05/17 20:25:24 (edited)
    Cthulhu
    +1
    The CRA was enacted in 1977 not 1995. And if the Republicans had not severely restricted public expenditure at the time, leading to the problem of how to house people, it would not have been necessary.

    During Clinton’s administration, in part because of incentives for business growth and access to capital, the economy not only thrived but more millionaires were created in the four years Clinton was in office than in any other time throughout history. The subprime mortgage problem only began to occur in measurable terms after Bush amended CRA in 2005 dramatically weakening the law.

    There was no mortgage crisis prior to 1985 when CRA regulations were substantially weakened by Bush, but in the years following we saw a sharp increase and beginnings of a wide spread problem with subprime mortgages. It is also extremely important to note that the bulk of unfair and high-risk loans were offered by lenders who were not even subject to CRA regulations.

    It is estimated that approximately 75% of all subprime loans were made by institutions that are not fully governed by CRA. The crisis at hand is from unregulated loans; not from regulated institutions.

    Bush let every shyster in the mortgage system into this as a competitor, completely unregulated; removed the reserve requirements on Fa...





    The CRA was enacted in 1977 not 1995. And if the Republicans had not severely restricted public expenditure at the time, leading to the problem of how to house people, it would not have been necessary.

    During Clinton’s administration, in part because of incentives for business growth and access to capital, the economy not only thrived but more millionaires were created in the four years Clinton was in office than in any other time throughout history. The subprime mortgage problem only began to occur in measurable terms after Bush amended CRA in 2005 dramatically weakening the law.

    There was no mortgage crisis prior to 1985 when CRA regulations were substantially weakened by Bush, but in the years following we saw a sharp increase and beginnings of a wide spread problem with subprime mortgages. It is also extremely important to note that the bulk of unfair and high-risk loans were offered by lenders who were not even subject to CRA regulations.

    It is estimated that approximately 75% of all subprime loans were made by institutions that are not fully governed by CRA. The crisis at hand is from unregulated loans; not from regulated institutions.

    Bush let every shyster in the mortgage system into this as a competitor, completely unregulated; removed the reserve requirements on Fannie Mae and Freddie Mac (banks have a 10 percent reserve requirement but Fannie Mae and Freddie Mac only have to have 2.5 percent rather than 10); and you got this mountain of debt. It isn't the poor people's fault; it's the product of not being willing to have public expenditure. It's a scandal that the United States doesn't have a massive program of public housing.

    Plus the Bush Jr. unfunded wars, tax cuts, Medicare prescription plan, and at one point he actually told banks they no longer had to pay into their FDIC insurance since it was so well funded. Bush Jr. and the Repuglicans were really on top of things.

    Way to blame the doings of Bush Jr and shoot em in the face Dick on a 30 year old law.

    plan told banks pay fdic insurance funded bush jr repuglicans
    (more)
  • rustyshackelford 2012/05/17 18:08:06 (edited)
  • tlee 2012/05/17 17:50:17
    tlee
    +1
    Actually,progressives will not admit this since both parties are a fake.They have been infected with a cancer known by educated people to be progressive trash. America is dead and was a direct result of the progressive movement if you know the truth about that movement.I contend most who assume the label progressive have no idea what it truly is!. If they did,they would remove themselves from that anti-American ideology!.
  • Cliff 2012/05/17 17:50:12
    Cliff
    +1
    Mostly it's Democrats who want to grow government, raise taxes and spend like drunken sailors. The Tea Party will clean house on the GOP side of the aisle but I do not see any move to clean house on the other side.
  • jdemme 2012/05/17 17:40:10
  • David Lindner 2012/05/17 17:22:46
    David Lindner
    the housing bubble that popped in 2008 was created by bill clinton
  • jdemme David L... 2012/05/17 17:39:33
    jdemme
    Very true, but it was Reagan's deregulatory policies that started it all, along with Allen Greenspan and Gary Summers.
  • joseph ... David L... 2012/05/17 18:02:17
  • bob 2012/05/17 17:12:52
    bob
    +6
    yep Republicans have it in for the working class Americans
  • Morning... bob 2012/05/17 19:11:35
    Morningstar
    thanks bob and others!
  • Marc Allen 2012/05/17 16:51:08
  • Cthulhu 2012/05/17 16:45:22 (edited)
    Cthulhu
    +3
    Ryan and Romney have a plan for America. They plan to sell it off to the highest bidders. A.K.A. - The Austerions!

    Invasion of The Austerions!
    https://www.sodahead.com/unit...

    Or some horrible / corrupt privatization plans which put money in the pockets of Romney's corporate raider buddies while harshly taxing the 99%.
  • Tom 2012/05/17 16:42:10
    Tom
    +6
    Seriously?!?!?!
    You raise liberal delusion to a whole new level:(
  • joseph ... Tom 2012/05/17 18:07:16
  • Whyputa... Tom 2012/05/18 01:38:27 (edited)
    Whyputaname
    Interesting that Reichties want to forget history and who got the ball rolling on the financial downfall of this country.......

    Yeeee-ah, maybe you should read up on the Gramm/Leach/Bliley Act of 1998 - 99 I think you will find it interesting......

    Oh, an Newt, Santorum and Paul were a part of that deregulation that happened back then!!!!....

    LOL...Its interesting that the poor and disable are being demonized by the Reichties again even thou they were the ones being targeted for the Mortgages that the Reichties gave permission to the banks to sell......Yeeee-ah, and then they packaged these mortgages up and sold them to investors over seas an that is why the rest of the world is having a problem today!!!!......

    Delusion......LOL.....I see Reichties have been and always will live in the world of illusion...Parroting talking points of the Koch Bro's and Dick Army like the good little Minions that they are!!!

    You raise Reichtie illusion to a whole new level......
  • Vitalani 2012/05/17 16:41:17
    Vitalani
    +2
    Finger pointing will not help our country.
  • Joe Shw... Vitalani 2012/05/17 16:57:45
    Joe Shwingding BN-ZERO
    +1
    checked out the SH leader board lately?
    http://www.sodahead.com/unite...

    I sure hope you are posting this sentiment on the opposing blogs as well.
  • Vitalani Joe Shw... 2012/05/17 17:01:15
    Vitalani
    +1
    Do you mean ones that favor republicans?
  • Joe Shw... Vitalani 2012/05/17 17:29:18
    Joe Shwingding BN-ZERO
    +1
    yes that is what I was referencing.
  • Vitalani Joe Shw... 2012/05/17 17:43:07
    Vitalani
    +2
    You realize I'm a democrat... Right?
  • Joe Shw... Vitalani 2012/05/17 17:45:06
    Joe Shwingding BN-ZERO
    +1
    doesnt matter. I just wondering if you are spreading the love around.
  • Vitalani Joe Shw... 2012/05/17 17:55:07
    Vitalani
    +2
    If I come across a question attempting to blame an entire group of people for one thing then yes I would.
  • Joe Shw... Vitalani 2012/05/17 18:07:00
    Joe Shwingding BN-ZERO
    +3
    feeling the love

    I sure am. :o)
  • Bill ~PWCM~JLA 2012/05/17 16:40:18
    Bill ~PWCM~JLA
    +4
    Democrats will never admit that their sense of entitlement are the cause of America's woes. For example, "Obama is going to buy my gas and pay my mortgage." Sound familiar PP? That was not a McCain voter that said that.
  • Rebel Yell 2012/05/17 16:39:08
    Rebel Yell
    +5
    Obama is the best thing that happened to the Republican Party. The previous admin damn near drove the entire country right off the cliff. Then they had no clue what to do. GWB picked up his luggage and hightailed it to Dallas, taking no interviews. Cheney went into hiding. The Kochs and Grover Norquist laid low. But as soon as Obama placed his hand on that Bible, the bleating and howling began...." It's HIS fault ! Where are the jobs? What is he doing about Iraq? Afghanisan?" Blah, blah, blah.

    Now they insist they have submitted over 20 jobs bills. Probably. But in almost every one they have an addition specifying no funding for Obamacare. Reid has made it very clear that won't fly and they need a " stand alone " jobs bill. Biden is right... they just don't get it.
  • JoeBtfsplk 2012/05/17 16:32:52
    JoeBtfsplk
    +5
    With the TEA Party taking over, Congress and Romney will be held to a higher standard finally.

    It is simplistic to blame the GOP for all of our economic woes, when it is really the Progressives in both parties.

    Your namesake.
  • joseph ... JoeBtfsplk 2012/05/17 18:09:38
  • Morning... JoeBtfsplk 2012/05/17 19:13:43
    Morningstar
    +1
    Talk about delusional JOE!
  • I. Car Rus 2012/05/17 16:32:06
    I. Car Rus
    +1
    They are gatekeepers, its their job and their basic schtick. They are financed by the people behind the gates and they know it. I wouldn't expect them to turn their backs on them that brung them. So I don't.
  • Waldorf 2012/05/17 16:30:40
    Waldorf
    +3
    Woodrow Wilson and Franklin Roosevelt were not Republicans. They were socialists.

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