Showing posts with label greenspan. Show all posts
Showing posts with label greenspan. Show all posts

Friday, January 30, 2009

The Audacity of Disdain



What Have You Heard from Your Republican Congressman about the stimulus package currently working its way through the Federal government? What doesn't he like? What would he change?

What Conservative Ideal Would He Apply to make this stimulus package better?

What Changes Would It Take, to get your Republican Congressman to Take Action on behalf of the American people?

What Has Your Republican Representative Told You about the failure of Conservative ideology, as evidenced by six years of Republican-controlled government (2001–2007)? As admitted in former Federal Reserve Chairman Alan Greenspan’s apology to Congress last Fall?


Let’s Examine These Tenets of Conservative,
Republican Economic Ideology:


If the Great Depression Was Ended by World War II, and not by FDR’s New Deal, why hasn’t the Republican-led War in Iraq boosted the economy this time around?

If Free Markets Do Not Destroy Jobs, but create them, why are all of America’s manufacturing jobs going overseas?

If Free Markets Regulate Themselves, why are so many corporate CEOs giving themselves huge bonuses at a time when their companies are posting record-setting losses, and when bankruptcies are stealing all value from under the noses of their shareholder bosses?

If Tax Cuts Make the Economy Thrive, why has the economy gone to pieces under Republican leadership?


Conservative Economic Ideology Is: Dead

Conservative Ideology as Administered under Our Republican Leaders Has Failed. The Republican leadership offers nothing to replace it. Instead, they line up for photo opportunities with the new President, negotiate changes to the stimulus package—including even more tax cuts—and then brashly vote against it. Unanimously. One and all.


What Do Our Republican Representatives
Offer Us Instead?


The Republicans in the U.S. House of Representatives Have Nothing to Offer Us. Or so they would have us believe. And so they thumb their noses at the American people, by grinning big grins while thumbing their noses at the President.

Maybe These Representatives Think it Makes Them Look Good, and tough, and smart, to blind-side America's new President.

The Republican Congressional Caucus Has Nothing Left to Offer America. Instead, its members cleverly stonewall the President, while offering up nothing—not one single new idea—to get the economy going.


Smart? Or Heartless?

Maybe the Republicans Think They Look Smart, standing up there in the Nation's Capitol, thumbing their noses and grinning at their constituents.

Maybe with Their Families Safe and Their Jobs and Houses Secure, they don't have anything more-important to worry about, than trying to undermine the spirit of the American people, by trying to make the President look bad.

But in a Time of National Crisis, There's Nothing Smart or Clever or Funny about standing before the American people, while millions of us are losing our homes and our jobs, and there stand the Republicans in Congress, displaying a heartless audacity of disdain.



Saturday, October 25, 2008

NEWS FLASH! Chief McCain Advisor Revealed; Labels McCain Hero "Socialist"

[A Hypothetical Report Found on a Campaign Bus Somewhere in Iowa]


DES MOINES—“John McCain and Sarah Palin Now Use Joe the Plumber as their chief economic advisor,” revealed one usually reliable source close to the Republican presidential campaign, speaking on condition of anonymity. Mr. the Plumber fills the spot previously occupied by Phil Gramm. Mr. the Plumber's resumé as economist was not immediately available for review by this reporter.

The McCain Campaign's Former Chief Economic Advisor resigned from the campaign earlier this year following political fallout from a comment that, “We have sort of become a nation of whiners.” The comment was made many weeks before the onset of the current economic crisis which compelled Treasury Secretary Henry Paulson to approach the United States Congress with his $700 billion Wall Street “rescue plan.”

“The Obama-Biden Idea About Taxing Wealthier Americans to help out middle-class Americans is not ‘patriotic’ in critical times like these,” chief economic advisor the Plumber reportedly told the McCain-Palin campaign.

“Joe the Plumber Calls This ‘Socialism,’” Alaska Governor Sarah Palin subsequently reported, quoting the newly prominent economist.

(The Original “Joe the Plumber,” Samuel J. Wurzelbacher, reportedly makes about $44,000 a year. Mr. Wurzelbacher has an income-tax lien on file with the Lucas County Court of Common Pleas in Toledo, Ohio. Mr. Wurzelbacher reportedly believes that lower-income people should pay the same taxes as the wealthy. Whether this position includes opposition to the progressive Federal Income Tax is unclear to this reporter.)

The Federal Income Tax Was Promoted by former Republican President Theodore “Teddy” Roosevelt (1901-1909) as a progressive instrument, part of his efforts to create a “Square Deal” between big business and its workers.

Among Candidates in the Current Presidential Campaign, both the McCain family and the Obama family would pay higher taxes under the Obama plan, and lower taxes under the McCain plan. Neither the Biden nor Palin families would benefit from either plan, according to sources familiar with the two tax-plan proposals.

“Is it Merely Coincidence That the Modest Obama
tax increase would also be paid by Senator John McCain’s family?” asked our occasionally reliable source. “Country First is harder to believe when Joe the Plumber becomes the chief economic advisor, and the result is a reduction in the candidate’s taxes.

“But Who Do the McCain-Palin Campaign want to give the big tax breaks to? People like Senator John and Cindy McCain.”

Senator McCain and Governor Palin Have Implied
that Teddy Roosevelt was “Socialist” in relation to support of his progressive income tax, which Barack Obama also supports.

On Socialism, Teddy Roosevelt Himself Wrote, in his 1913 An Autobiography, “many of the men who call themselves Socialists today are in reality merely radical social reformers, with whom...good citizens can and ought to work in hearty general agreement, and whom in many practical matters of government good citizens well afford to follow.” [Italics, ChannelingBarack Obama™]

“The Issue of Economics Is Not Something I’ve Understood as well as I should,” Senator McCain recently admitted. “I’ve got Greenspan’s book.” The Senator was apparently referring to The Age of Turbulence: Adventures in a New World, by Alan Greenspan, published 2007 by the Penguin Press.


Thursday, October 23, 2008

Conservative Movement Admits Defeat

Now That the Conservative Movement Has Shown Defeat in the economic argument between free markets and regulation, it’s time for their economists to work on something new. Despite America’s high respect for former Federal Reserve Chairman Alan Greenspan, the weakness of economic ideals based on the free-market theories of Ayn Rand and Atlas Shrugged should have been apparent long-ago.

The Failure of These Policies Shows Clearly in the current economic crisis:

Free-Market Policies Only Benefit CEOs and Upper-Level Management, as blue-collar industrial jobs go overseas to cheaper foreign-labor markets. Corporate profits go up and up and up, as good-paying American jobs go down, down, down. Meanwhile, the financial institutions and markets play fast and loose with the facts of prudent economic reality.

The Lack of Good-Paying Jobs means that more and more Americans can’t afford their mortgages. And more and more the American consumer—who fuels the economy to a substantial extent—can’t get any more credit to go out again and buy, buy, buy. "Trickle-down" theory is putting the brakes on the reality of "trickle-up" bankruptcy and defeat.

From These Failed “Free-Market” Economic Theories, America now races headlong toward a frightening recession.

This Is No-Longer Some Half-Baked Liberal Argument. It has now become a Conservative-acknowledged fact.

America’s Only Legitimate Choice, following on Chairman Greenspan’s admission of the failure of these policies, is to follow the reasoned direction that a Barack Obama presidency offers us.

During the Next Few Years, the Free-Market Economists of the Right
will spend time developing a new economic model. Informed by the recent failure, the new model may conceivably be more-realistic than the last one.

And If History Is Any Example, once this new Colnservative model is developed, the weight will once again fall on the shoulders of the American middle-class, to test out the new-and-improved Republican economic model.

And Once Again, the American Worker, the blue-collar and white-collar middle-class, will get to pay the costs of learning the next expensive errors of the theory-blinded Conservative elite.



Early Voting Has Started Almost Everywhere. The only legitimate choice in this time of crisis is Barack Obama and Joe Biden.

But No Matter Who You Decide to Vote For,
it's time to go out and vote.


Thank you for your support.