Great Recession

Republicans Gave Us The “Panic” Of 1873, “Panic” Of 1893, The Great Depression, And The Great Recession, And Are Now Further Harming America With Tax Cuts For Wealthy And Corporations

The Republican Party gave us the Great Depression of 1929 under Herbert Hoover, caused by Republican policies under Calvin Coolidge.

President Franklin D. Roosevelt, the Democrats, and the New Deal programs saved millions of Americans in the years from 1933 to 1939, when the military buildup for a potential entrance into World War II finally led to a total recovery of the economy.

Earlier, in the 1870s, Republican President Ulysses S. Grant presided over the Panic of 1873, which lasted until 1879, also under a Republican Congress.

In the early 1890s, Republicans, under President Benjamin Harrison, undermined the economy, and as Democrat Grover Cleveland succeeded Harrison in the White House, America entered the Panic of 1893, which did not end until 1898, and entrance into the Spanish American War.

And in late 2007 until early 2009, we had the Great Recession under Republican President George W. Bush, the worst situation since Herbert Hoover and the Great Depression, and it took the entire Barack Obama Presidency to bring unemployment down from 10 percent to under 5 percent, and the stock market grew by close to 250 percent.

Obama accomplished a revival that was greater than FDR, and without going to war.

Now, the Republicans are trying to ram through a massive tax cut for corporations and the wealthy top one to two percent, which will further harm America. It is likely to lead to another Great Recession, made worse by the likelihood that the Republicans will attempt to undermine Social Security, Medicare, and Medicaid in 2018, because of lessened funding with the cut in taxes collected. This will force massive cuts in the social safety net of the New Deal of FDR and the Great Society of President Lyndon B. Johnson.

Kentucky: Heavily Poor White State With Two Senators Who Wish To Gut Medicaid And Obamacare, Which Benefits Their Struggling Constituents!

Kentucky is an extremely poor state, especially in the eastern Appalachia counties, heavily poor whites, who have high levels of preexisting health problems, and depend on Medicaid and ObaamCare, and are now scared to death that they will lose their lifeline, and all because of the mean spirit, lack of empathy and compassion, and selfishness, of the Republican Party.

Kentucky has 60 percent of people in Appalachia on disability benefits, and overall one third of its people are dependent on government programs.

The Opioid crisis also affects Kentuckians at very high rates, due to depression over horrible job prospects, and high levels of unemployment, caused to be greater by the Great Recession, provoked by Republicans and their lack of concern about regulation of banks and Wall Street before 2008, and now ready again to make the same mistakes and repeal the Dodd-Frank Act of 2010 to prevent such future economic disasters.

And in the midst of this issue of struggling constituents, Kentucky has two Republican Senators who do not give a damn about their own population.

Rand Paul, with his crazy libertarian ideas, wants to destroy ObamaCare and gut Medicaid, and Senate Majority Leader Mitch McConnell is even more the villain, as he undermines his own state, having utilized racism and misogyny to keep his Senate seat and the power of the Majority Leader, and to destroy everything Barack Obama did, which benefited Kentuckians and the nation.

How much more evil could two men be, but also, how ignorant a population, that they would be manipulated and tricked into supporting the reelection of, arguably, the worst two Senators combined in any state of the Union?

The Wealthy And Corporations Love Trump, Most Pro Business Since Calvin Coolidge, But The Great Depression Came After Coolidge!

The stock market has surged since the election of Donald Trump, and has hit the 20,000 mark and now the 21,000 mark, a 15 percent increase.

And why not? This nation, and its clueless masses, worship wealth and opulence over principle and ethics, sorry to say!

The wealthy elite and the corporations love what Donald Trump represents—massive tax cuts for the top one percent promised, and the end of most regulations of corporations in all fields of the economy.

This is already the most conservative President, just in pledges and promises, that we have seen since Calvin Coolidge nearly a century ago.

Even Ronald Reagan was not able to do so much so quickly, or pledge to do, as Donald Trump has been pledging to the elite wealthy.

Meanwhile, for the average American, and the blue collar whites who voted for Trump, they are not yet aware of the scam being perpetrated, as they lose their health care, their protection from environmental calamity, and their social safety net that they receive in greater numbers than minorities often have.

No longer can they get a lower interest rate on mortgages, or a greater overtime pay at work, or protection from being victimized by those who advise them on retirement investments.

Public schools will be harmed; gays and transgender people will be discriminated against in an open fashion; civil rights violations will not be investigated; and civil liberties of all of us will be undermined by a lawless, corrupt administration which is taking advantage of gullible citizens who thought a narcissistic billionaire, who has always treated his workers, contractors, and tenants with disdain throughout his life, could be trusted.

While the wealthy and corporations celebrate Trump, expect that we will have the same result we had under Calvin Coolidge and Herbert Hoover–the coming of the Great Depression; and the same results we had under George W. Bush, the Great Recession.

Remember also we had great economic recessions under Dwight D. Eisenhower in the 1950s; under Richard Nixon and Gerald Ford in the 1970s; and under Ronald Reagan and George H. W. Bush in the 1980s and 1990s.

The way we get out of economic depressions and recessions is to elect Democrats—Franklin D. Roosevelt, John F. Kennedy. Lyndon B. Johnson, Bill Clinton, and Barack Obama, with FDR and Obama being the most crucial Presidents in taking us out of the two greatest economic downturns of the past hundred years–1929 and 2008!

First Thoughts After The Inauguration: How Nasty, Mean Spirited, And Lacking In Compassion Donald Trump Really Is!

I had said I was taking a day off from commentary, and will write in greater detail tomorrow, but I felt a need to comment just before midnight on Inauguration Day, so here goes!

Donald Trump in just 12 hours has made clear just how nasty, mean spirited, and lacking in compassion he really is!

He claims that he is in the White House for the average American, but he has painted a picture of America which is very dark, very pessimistic, and very lacking in truth.

He claims there is a “carnage” that has gone on, even though Barack Obama presided over more employment gains than any President in history, and starting from a economic disaster known as the Great Recession, and in danger of falling further into another Great Depression!

He claims concern for mothers and children in the “ghettos” in the cities, but has never once indicated what he will do.

He declares “America First” without any understanding of the history of that term.

He has no knowledge or understanding of history or science, as he declares war on the environment, with lack of concern for our children and grandchildren by putting profits ahead of health and safety in the future.

He is basically telling our allies in Europe and Asia to go to hell, and promoting isolationism, protectionism, super nationalism bordering on Fascism.

He talks about America being great again, when it already is, but is willing to destroy all progress accomplished under his predecessor, who he spent five years destroying, and now will put the final nails in the 44th President’s legacy.

He says he cares about the “forgotten people”, but he is taking steps to harm these same people, including many who voted for him.

How can this man sleep at night, have no conscience, and be almost gleeful at destroying all of the great social and economic progress from Theodore Roosevelt to Barack Obama?

It as if the devil is in him, Satan in a way, a man with no ethics, morals, or scruples.

One has to believe in divine retribution in the next world, or “what goes around, comes around”–Karma!

The Positive Contributions Of The Barack Obama Presidency

So here we are on the last full day of the Barack Obama Presidency, which I have been writing about since August 2008, and just about daily since 2010.

Barack Obama has been an historic President, and will end up in the top ten of our 44 Presidents over time, if not immediately.

Barack Obama was the most pilloried President since Richard Nixon, but for no good reason, and a lot of it was based on pure racism, sorry to say, but the truth.

But Obama brought us a dignified, classy persona to the White House, as did his wife Michelle.

He gave us the biggest expansion of our health care system, and much of it will survive the Donald Trump and Republican onslaught in the end.

He gave us the concept of limited military involvement, after decades of too many interventions overseas, and ended our involvement in Iraq, and cut back dramatically on the unwinnable war in Afghanistan.

He gave us the possibility of ending the threat of Iran as a nuclear power, and opened up a new relationship with Cuba, after 55 years of ignoring reality.

He accomplished through the use of technology and drones the elimination of thousands of terrorists worldwide, and took the gamble to bring justice to Al Qaeda leader Osama bin Laden.

He started moving the focus of American foreign policy to Asia and the Pacific, and kept good relations with America’s NATO allies, and kept Russia’s Vladimir Putin on edge. about how America would react toward his aggressive stands.

He made climate change worldwide a crucial focus, and participated in international agreements, and accepted science over conspiracy theories, and made us realize global warming was a danger to American national security.

He took an economy that was the worst since the Great Depression, what is called the Great Recession, and turned it around, with the greatest job growth over eight years in American history, the greatest stock market growth, and the greatest drop in the unemployment rate that has occurred in any administration.

He accomplished in health care what Presidents since Theodore Roosevelt to Franklin D. Roosevelt to Harry Truman to John F. Kennedy to Lyndon B. Johnson to Richard Nixon to Bill Clinton to George W. Bush had been unable to do.

He brought about the revival of the American auto industry, and advanced the rights of workers to overtime pay and increased minimum wage, and the rights of consumers through the creation of the Consumer Financial Protection Bureau.

He advanced women’s rights, including to equal pay, and gave DREAM kids a reprieve from possible deportation, and promoted the idea of universal pre school and community college education, and worked to try to deal with the student loan crisis.

He advocated fair treatment of Muslims in America, and became the champion of gay equality in the military, gay rights in society, and gay marriage and transgender rights.

He became a great advocate of the environment, adding to our national parks and national forests and endangered sites, and continued the tradition of earlier exceptional environmental Presidents, including Theodore Roosevelt, Franklin D. Roosevelt, John F. Kennedy, Lyndon B. Johnson, Richard Nixon, Jimmy Carter, and Bill Clinton before him.

He utilized executive orders to expand the rights of the American people, and worked for legal and judicial reform, and appointed Sonia Sotomayor and Elena Kagan to the Supreme Court.

He cared about the weak, the powerless, and the forgotten groups in American society, and set a good moral basis in his own life and that of his family, becoming a model for young people as to how a President should conduct himself.

He avoided lashing out at those who promoted bigotry, and also showed emotion after his failed attempts at immigration reform and gun safety legislation. He had real tears, emotions, and sincerity in the Oval Office, which has hardly ever seen that, and hard to think of any earlier President quite like Obama.

He also faced the greatest number of threats of any President since Abraham Lincoln, as delineated in my Assassinations book, and demonstrated great courage and equanimity in waking up every day, knowing he was a target for hate mongers who wished him and his family ill will.

And finally, he had two terms of office without any hint of a personal, or otherwise, major scandal!

So Barack Obama was a FINE MAN, a different spelling of this author’s and blogger’s last name, and he will rise in the Presidential rankings to the top ten, and likely higher in the middle of the top ten at some point in the future, as he was truly a transformational President!

Goodbye, President and Mrs Obama, we will miss you, and wish you many decades of good health, prosperity, and happiness, as you continue to contribute to American betterment! God bless you both!

Republicans About To Repeal ObamaCare, Which Is RomneyCare-Heritage Foundation Republican Plan Of 1990s, Leaving Millions Without Health Care!

It is hilarious to watch the Republican leadership of Congress squirm about the repeal of ObamaCare.

They want to repeal the law, but have no replacement that does not harm their own supporters, the rural and working class whites, who depend on it, but are not aware that it is ObamaCare!

Speaker of the House Paul Ryan stuttered and fumbled over what replacement there is, saying there were “ideas”, but clearly the focus has been negative, just get rid of it, but now realizing 20 million Americans will be harmed if it is repealed.

The Democrats can sit back and laugh and applaud, as the Republicans are on the road to the repudiation of their party if they dare to destroy the good parts of ObamaCare.

And the Republicans are on the path to massive increase in the national debt, including their plans to give yet more tax cuts to the wealthy, a regurgitation of Ronald Reagan and George W. Bush, which led to the Great Recession, that Barack Obama has mostly resolved with SEVEN years of major job growth, the most in American history, but Obama gaining no credit for it, because, after all, he is the BLACK MAN!

Amazing events when one considers that ObamaCare was a compromise, instead of a public option or Medicare for All, seen as too “socialistic”.

Republicans do not want to be reminded that ObamaCare is really RomneyCare in Massachusetts, and earlier the Heritage Foundation Republican plan of Newt Gingrich and Bob Dole in 1993-1994, in opposition to Hillary Clinton’s health care plan.

But the Republicans, as always, are accustomed to lying, to deception, to manipulating ignorant, stupid people, who just do not get it that the Republicans have no real concern for rural and working class whites, but are very successful at fooling them over and over. The GOP behind the scenes laughs at their “supporters”, who are constantly being appealed to on the basis of race, ethnicity, and gender, but which makes the elite wealthy ever more powerful and wealthy!

18 Weeks Until The Election Of Hillary Clinton As The 45th President Of The United States!

The news today that the FBI has cleared Hillary Clinton of any illegal, criminal activity, regarding her Email controversy, is the clincher of the election 18 weeks from today!

Sure, the GOP will jump on the FBI’s statement that Hillary Clinton showed very poor judgment on the security matters of her email usage, but that can be seen as simply human error, as all leaders make mistakes, but not on the level of George W. Bush and the Iraq War, Afghanistan War, Hurricane Katrina, and the Great Recession of 2008!

No one is saying that Hillary Clinton is perfect but then Donald Trump is much more imperfect in an extreme fashion.

We are not electing God, or a perfect human being, as no such person has ever existed.

But we know President Hillary Clinton will shape the future of the Supreme Court and promote progressive reforms, building on Barack Obama’s path breaking changes in domestic affairs.

And we know that Hillary Clinton has the foreign policy expertise, and connections and respect from foreign governments, including friends and foes.

And now, today, Hillary Clinton can finally campaign without a cloud over her head, and arriving in Charlotte, North Carolina on Air Force One with President Obama, and later this week speaking in Scranton, Pennsylvania with Vice President Joe Biden!

So the future is bright, and there is no way, other than millions stupidly staying home and not voting, to prevent our first woman President of the United States!

Hillary Clinton Campaigning As A “Progressive”, Against Husband Bill Clinton’s “Moderate” Presidency!

Hillary Clinton is campaigning as a “progressive”, but her husband, while in office as the 42nd President, was far from progressive!

Many would say that Bill Clinton (1993-2001) was a “raging moderate” in so many ways.

Despite being attacked by Republicans incessantly, and being impeached by them as well, Bill Clinton actually cooperated with them on many issues, and was also often quite critical of liberals in his own party.

Witness:

He signed into law the end of the Interstate Commerce Commission in 1995.

He signed into law the end of the federal guarantee of welfare in 1996, leaving it to the states to decide levels of support of single mothers and children, and the elderly and disabled.

He signed into law the Defense of Marriage Act in 1996, which was a big step back from the idea of gay equality.  Earlier in 1994, he had promoted “Don’t Ask, Don’t Tell” in the military, backing away from equality for gays.

He signed the Omnibus Crime legislation in 1994, which was a major crackdown on crime, and that allowed the arrest and incarceration of many young people, many of them African American and Latino, on minor drug charges, filling up America’s prisons.

He signed NAFTA into law in 1993, which undermined labor, and caused an influx of foreign goods, due to the low tariffs, now opposed by his wife.

He signed into law a repeal of much of the Glass-Steagall Act in 1998,  which led to bank expansion of loans and mortgages, and much larger banks that helped to lead to the Great Recession of 2008-2009.

He called himself a “New Democrat” in 1992, criticized liberalism often, and was involved in the centrist Democratic Leadership Council group.

This does not mean that Bill Clinton did not have some really positive aspects domestically to his Presidency, but he was certainly considered by many to be a “Republicrat”, rather than a Democrat.

He, along with Jimmy Carter, were the least progressive Democratic Presidents, when compared to Franklin D. Roosevelt, Harry Truman, John F. Kennedy, and Lyndon B. Johnson, and also Barack Obama, after Carter and Clinton.

This might be because Carter and Clinton were Southern Democrats, but the point is that Bill Clinton, while good on some issues, was not a progressive, as his wife now is campaigning on against Bernie Sanders!

Does it mean that Hillary Clinton cannot have “learned” from the mistakes  of the 1990s, honestly?  NO, but the point is she is very different as a campaigner than her husband was!

Of course, when one thinks about it, Hillary is running for the Presidency a full generation after her husband won his second and last term, the last time he was facing the voters!

 

Obama’s Last “State Of The Union”: A Moment To Reflect On The Past Seven Years Of Accomplishment, And Set Future Goals!

Barack Obama gave a dazzling State of the Union address last night, showing flashes of the original Barack Obama at the 2004 Democratic National Convention, when he first came to public notice.

The President used this last major speech of his administration to set the record straight on what had been accomplished, and what he saw as his goals for the long term future of the nation.

Obama made clear that he will dedicate his post Presidency to a war on cancer; a seeking of criminal justice reforms; a promotion of the climate change agenda; and continuing to promote the struggle against international terrorism.

As we look back seven years, despite all of the bitter recriminations visited against the 44th President, we have to marvel at what he has accomplished:

A massive revival of the American economy, including halving the unemployment rate, more than doubling the stock market, and rescue of the auto industry. after the tragedy of the Great Recession.

A major social change on the issue of gay rights and gay marriage, the new human rights initiative of the 21st century.

A path breaking law, ObamaCare, which will have a long range effect, after fine tuning, as Social Security and Medicare  in earlier generations, so Obama is carrying on and adding to the legacy of Franklin D. Roosevelt and Lyndon B. Johnson.

The pursuit of diplomacy over engaging in more warfare, although using modern methods including drones, to pursue terrorism, and having major, unsung success, without committing our young men and women to the battlefield as cannon fodder!

The promotion of civil rights and equality on a level long overdue, to continue the legacy of Lyndon B. Johnson.

Barack Obama proved once again how compassionate and sincere a human being that he really is, a trait which will play well in history, and the odds of his Presidency being ranked as one of the more significant and transformative  in our history have greatly increased, as he nears the end of his time in the Oval Office!

 

Top 10 Political Stories Of 2015

As the year 2015 ends, we look back on the major political stories of this eventful year.

The ten major stories of the year are as follows:

The rise of Donald Trump, and the threat he represents to the Republican Party, the conservative movement, and to the American people in general. He is promoting a Fascist agenda, including nativism, racism, misogyny, and a belief spreading among white working class men that somehow he is the new Messiah, who will solve all of the problems brought about by the failings of the George W. Bush Administration.  These  include the Afghanistan and Iraq Wars, which fueled terrorism; and the Great Recession of 2008, which is still reverberating among those less educated and more suspect to demagoguery. And also,those who refuse to accept Barack Obama as a legitimate President find Donald Trump appealing.

The surprise appeal of Vermont Senator Bernie Sanders, who is gaining support among the millennial generation, and men and women under 45, who are more educated than average Americans, and find his democratic Socialist ideas appealing.  There is no question that the younger generation is much more liberal than other Americans, and this bodes well for the Democratic Party, if Hillary Clinton continues her move to the left, pushed that way by Sanders’ agenda.

The final acceptance of gay marriage and the advancement of gay rights on all fronts, including the rights of transgender people, but with much discrimination still evident by those who resist change.

The disappearance of John Boehner and the rise of Paul Ryan to the Speakership of the House of Representatives, and the issue of whether Ryan can be any more effective in dealing with the Tea Party Movement, which helped to bring Boehner to the point of resignation.

The growing racial tensions in the nation, due to increased examples of police abuse toward African American men, and even women, along with Latinos, and the growing militarization of law enforcement, a dangerous trend.

The rise of more domestic terrorism, including in Charleston, San Bernandino and elsewhere, some of it inspired by ISIL (ISIS), but also by right wing Christian extremism.

Barack Obama’s changed foreign policy, including opening up to Cuban diplomatic relations; making a deal with Iran’s government on nuclear weapons; attempts to cooperate with other nations to deal with Islamic terrorism, meaning ISIL (ISIS) in Iraq and Syria; and trying to work with a hostile Israeli government, led by Benjamin Netanyahu, who made life more difficult for Obama by openly consorting with Republicans over the President.

The growing impact of social issues on American politics, including not only gay rights and gay marriage, but also abortion, gun control, immigration reform, and climate change.  All of these controversies will impact politics in a dramatic fashion in 2016 and beyond.

The issue of individual rights to privacy, and the growing role of intelligence gathering and government snooping, including the Central Intelligence Agency, Federal Bureau of Investigation, National Security Agency, and other government agencies, who feel that they must intrude and investigate all social media and phones and computers, to protect us.  This is seen by many critics as a violation of our civil liberties.

The evident deterioration of the effectiveness and competence of the Secret Service, in its role as protector of the President and his family; the Vice President; the Speaker of the House of Representatives; and all Presidential candidates, as the Presidential Election year of 2016 awaits us.  The last thing we need is any incident that affects the health, safety, and lives of any of the candidates or the top leadership of government.  If such were to happen, it would undermine our whole political system and stability in massive ways!