Great Recession Of 2008

Economic Downturns And American Presidential Elections In History

With the sudden, rapid decline in the economy, caused by the CoronaVirus Pandemic, the odds of Donald Trump winning reelection in November 2020 has dramatically declined!

Economic Downturns ALWAYS lead to defeat of Presidents running for reelection, as witness the following examples:

Martin Van Buren–Panic of 1837, loses in 1840.

James Buchanan–Panic of 1857–chose not to run for reelection, but Republican party opposition won in 1860 with Abraham Lincoln.

Ulysses S. Grant–Panic of 1873, Republican successor to Grant, Rutherford B. Hayes, lost by massive margin of 250,000 votes in 1876 election, but won a disputed Electoral College vote over Democrat Samuel Tilden.

Benjamin Harrison–Panic of 1893 (evident in late 1892), loses in 1892.

Herbert Hoover–Great Depression (1929 and after), loses in 1932.

Jimmy Carter–Recession of 1980, loses in 1980.

George H W Bush–Recession of 1992, loses in 1992.

John McCain–Great Recession 2008-2009, successor Republican candidate for George W. Bush, loses in 2008.

50 Years Since MLK Assassination, And In Many Ways, Not Much Progress In Race Relations In America

It has been 50 years since the assassination of the Reverend Dr. Martin Luther King, Jr. in Memphis, Tennessee.

His death ended the most active and accomplished period of the civil rights movement, which occurred during the administration of Lyndon B. Johnson.

No one ever came forth with the charisma and following of Dr. King, to succeed him.

As we look back a half century, we can say that the African American community saw great advances in education and attainment of the middle class by a growing percentage of their population.

We also saw political gains by the African American community, including what many thought was the most triumphant moment of all–the election of the first African American President, Barack Obama.

But looking back now, one can say that the Obama election brought the truth out of the ugly woodwork–that racism is still very much alive and thriving, and not just in the South, but nationwide.

We see young and middle age African American boys and men, in particular, being victimized by police across the nation at alarming rates, and a large percentage who are not killed being subjected to unequal justice and long periods in prison.

The violence in the cities is over the top, and yet nothing has been done to overcome the danger of growing up in an environment where those who just wish to advance themselves out of poverty are often the victims of people of the same color.

The dream of Dr. King that everyone would be judged by the content of their character, rather than their skin color, has not been fulfilled, and we have a long road toward true racial equality in all areas of life, including economic advancement, which was badly damaged by the Great Recession, more for African Americans than for the working class whites, who are still appealed to by right wingers and Donald Trump to see African Americans as the enemy.

Bernie Sanders On The Road To Being The Ralph Nader Of 2000! He May Bring Us Donald Trump And A Right Wing Supreme Court!

It looks as if Bernie Sanders is on the road to being the Ralph Nader of 2000.

In so doing, he may bring us Donald Trump in the White House, which would condemn him in history, as Nader brought us George W. Bush and Dick Cheney, and two wars in Afghanistan and Iraq, the worst economic downturn since the Great Depression, and the disastrous response to Hurricane Katrina!

Sanders has failed to win more than a few primaries, mostly winning unrepresentative caucuses; is more than three million popular votes behind Hillary Clinton; and will not have more pledged delegates than Clinton, but he now says he will fight to change “super delegates”, who have pledged to Hillary Clinton, to switch loyalties to him, which will not happen. He is not lifelong Democrat, but rather a Socialist who was allowed to join the Democratic Party, and now is, seemingly, out to harm them for his own ambitions!

But what it means is that we will have division, dissension, and turmoil at the Democratic National Convention in Philadelphia, rather than unity. Already, Sanders has demanded, which will not happen, to remove Debbie Wasserman Schultz, Congresswoman from Florida as the DNC Chair, and also to replace former Congressman Barney Frank of Massachusetts and Governor Dan Malloy of Connecticut as leaders of the Platform Committee at the convention.

Bernie now comes across as a bitter, nasty, crotchety old man who seems not to care about whether the progressive agenda wins, but only whether his own ego is satiated!

The Democratic Presidential Race Has Begun With Former Montana Governor Brian Schweitzer Comments!

Former Montana Governor Brian Schweitzer has fired the first shots of the Democratic Presidential race, making us realize that the concept that, somehow, Hillary Clinton would win the nomination without challenge, and by default, is a dream that is not going to happen.

Schweitzer, who served two successful terms as Governor of the fourth largest state in land area, but eighth smallest in population, gained a reputation as a western populist, and has been critical of “corporatists”, which in his mind include Hillary Clinton and Barack Obama, who are too cozy with Wall Street, and have not promoted the idea of pursuing indictment of Wall Street leaders for the Great Recession of 2008.

This is one issue on which many liberals and progressives have had trouble with President Obama, who relied on Larry Summers, Timothy Geithner and other icons of Wall Street, in making his economic policies.

So the left of the Democratic Party, including Senator Elizabeth Warren of Massachusetts, Socialist Senator Bernie Sanders, and Schweitzer, among others, have been critical, and while Warren has said she is not running for President, and Sanders says only that he is considering it, Schweitzer has been out front in criticism on economic matters.

Additionally, Schweitzer has thrown a shot across the bow at Hillary Clinton and other US Senators who supported the Iraq War intervention, which he made clear he thought was a major mistake.

So without formally announcing, Schweitzer has hinted strongly that he will enter the race, if nothing else than for the reason that, even assuming Hillary has the edge and might be the nominee of the Democratic Party, that competition is good, and that it would make Clinton a better candidate, than one who is treated with kid gloves and is not ready to fight for the nomination and the Presidency in full combat gear.

Right now, however, the odds that Schweitzer, or anyone else, other than maybe Vice President Joe Biden, can stop Hillary Clinton from being the nominee of the Democratic Party, is highly speculative, but it makes the upcoming primaries and caucuses two years from now a lot more interesting and exciting than it might have been.

So, former Montana Governor Brian Schweitzer, welcome to the fray!

Two Days Of Great Challenge Face Barack Obama: Government Shutdown And Israel

With the likelihood of a government shutdown imminent on Tuesday, President Barack Obama faces two of the most challenging days he has ever faced in his four plus years in the White House!

A government shutdown could lead to economic chaos and the return of the Great Recession of 2008 and since.

But additionally, there is likely to be fireworks on Monday between Obama and Israeli Prime Minister Benjamin Netanyahu, who is coming to the United Nations to give a speech, warning of the growing threat of a nuclear Iran, and having made clear his discontent that the President made a phone call to Iran’s President as he was leaving New York to return to Teheran.

This first direct contact between Iran and the United States since the Iranian Revolution was a bold move, but not well received in the American Jewish community and in Israel’s governing circles, as well as many Israeli citizens.

This President has not had a break from crisis, and a lot is riding on the success of Obama’s goals of resolving the economic crisis with the Republicans in Congress, and to move ahead on Mideast peace without alienating Israel and the Jewish community at home!