Great Recession

Eric Cantor Declares War On The Unemployed And Poor: Bad Omen For 2014!

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Republican House Majority Leader Eric Cantor, who salivates to become Speaker of the House when John Boehner finally leaves, which may be this year, continues to prove how disgusting and disgraceful he is!

The only Jewish Republican in Congress, Cantor has become an embarrassment to open minded, compassionate Jews, who are shocked at his callousness and lack of concern for the unemployed and the poor.

Being a leading supporter of cutting food stamps, and against ever raising the minimum wage, he now has made clear that any extension of unemployment benefits, after the worst economic downturn since the Great Depression, is off the table, and that means, unless it is somehow overcome by Boehner calling a vote and willing to let the Democrats gain the majority of the total vote for extension, that millions of unfortunate Americans, who have worked hard all their lives, but have suffered from the Great Recession and its aftermath, shall be left in a situation with lack of food, inability to pay rent, unable to get medical aid when sick or injured, and with their children and senior citizen parents being truly deprived of basic needs! And yet, all workers have contributed to their unemployment compensation, and there is as much right to that as to Social Security and Medicare!

How can anyone with a conscience do this to fellow Americans? How can such people sleep at night? All this will do is increase the number of deaths of people unable to meet basic needs, and it also is an obvious threat that some desperate people will turn to violence to get basic needs met. There is no justification for violence, but it does not mean that it will not happen.

What makes Eric Cantor tick? He needs, desperately, a mental examination, as he is a man of mean spirit and lack of compassion, not native to the Jewish or any other religious spirit!

Senator Rand Paul And The Unemployed

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Senator Rand Paul of Kentucky, who has never experienced what it is to be poor, unemployed, deprived in any form, is advocating that those millions who have been unable to find work should be punished for that fact, and be cut off unemployment compensation, despite the worst economic downturn since the Great Depression.

Paul points out that employers are more likely to hire people out of work for four weeks than 99 weeks! That in itself is disgraceful discrimination, blaming the unemployed for what the wealthy on Wall Street did to us, in cooperation with the administration of a Republican Congress and President in the early 2000s, leading to the Great Recession.

So these unfortunate souls should lose their last lifeline, and go homeless and starve, as “tough love” is the so called “answer” for those down and out.

And of course, the dropping of unemployment compensation is teamed with massive cuts in food stamps, and refusal to consider an increase in the minimum wage, which, if it had kept up with the cost of living since 1968, would now be over $21 an hour.

So kick the disadvantaged when they are down, Rand Paul, heh? And this is the “Christian’ spirit? What is wrong with you and your disgraceful colleagues?

Lowest Unemployment Rate In Five Years: A Big Plus For The Democrats In 2014 Midterm Elections!

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There has been steady growth of employment over the past four and a half years, and the new employment report shows that the unemployment rate, now 7 percent, is at its lowest in five years! Over 203,000 jobs were created, more than was expected. This is bound to help the Democrats in the 2014 midterm elections coming up next November.

This is great news, although there is much to do for those still unemployed, and for those with minimum wages in an economy where the remnants of the Great Recession still lurk.

It is essential that public works jobs be created to rebuild the infrastructure of this nation, and that the minimum wage be raised, so that it is worth at least what it was thirty years ago, now down by more than 30 percent in purchasing power.

But since almost one third of all minimum wage workers are parents, and there are so many single mothers with children who work at such places, and including Walmart and McDonalds and other such establishments, it is unconscionable to have these workers have to depend on food stamps and Medicaid, when their companies should be responsible for a living wage. Taxpayers are paying the price, when it would be better that consumers possibly pay more at these companies, but the workers know their employers care about them and their ability to survive!

And the argument that raising the minimum wage will cut jobs is pure bull, as that has not happened in the past!

And if consumers must pay a dollar more for fast food, or items at Walmart or McDonalds, so be it, as everyone, no matter what his or her station in life, is entitled to a living wage, and human dignity and respect!

The Gap Between Rich And Poor Greatest It Has Ever Been!

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President Barack Obama yesterday drew attention to the massive and growing gap between rich and poor., which has reached its greatest extent in American history, more than in many European democracies, Canada and Australia.

The middle class reached its greatest prosperity in 1973 during the administration of Richard Nixon, after the years of the Great Society of Lyndon B. Johnson, the fruition of the expansion of the New Deal of Franklin D. Roosevelt.

Since then, with the rise of conservatism under Ronald Reagan, and reaching its greatest abuses under George W. Bush, we have seen a stagnation in the economy which is shocking, to such a point that the top one percent now owns about 40 percent of all wealth, and the pay for CEOs of corporations has risen 725 percent, compared to workers and 5.7 percent growth in wages in the past four decades.

And yet, the Republican Party and conservatives are out to cut Food Stamps further; refuse to renew unemployment compensation; reject any increase in the minimum wage, which is down 35 percent in inflation adjusted value since 1968; and refuse to consider any increase in taxes on the wealthy at any time in the future!

At the same time, any thought of caring about the millions of people who had no health care, but are covered under ObamaCare , does not cross the minds of the right wing!

If people are forced into bankruptcy by medical bills, so be it is the attitude, and of course, the bankruptcy laws were made more difficult in recent years after the Great Recession of 2008 hit the nation!

And education, the major way for people to have social mobility, has been made more difficult too, and students are burdened with such debt from attending college that there is no hope ever to advance in economic status, while banks and corporations and their stockholders always know that they will be taken care of by Republicans, as they fight any regulation or accountability for bad behavior and reckless actions.

The future is extremely gloomy, unless one is from the top ten percent of the population, and the threat to democracy and social order is massive, if this situation of total deprivation of such a large portion of the population continues without any action or concern by Congress and the courts!

Threatened Coup Against Barack Obama Reminiscent Of Attempted Coup Against FDR In 1934-1935

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Next week will be the 50th anniversary of the Kennedy Assassination, specifically on Friday, November 22, the same day of the week that the horrible event occurred.

It reminds one of the dangers from right wing and left wing extremists to our national leadership, and the threat of a march on Washington by armed groups, supposedly to be held on Tuesday, November 19, demanding the resignation of President Obama, or else action will be taken against him, makes one shudder.

And it reminds us of the plans for a similar coup d’etat against Franklin D. Roosevelt, in similarly difficult economic times in 1934-1935, a coup which was squelched by revelations that right wing business groups and leaders had plotted, similar to what is being planned now. The Great Depression was a time of such extremism that emerged because FDR represented change.

The right wing promoted hate against FDR for his New Deal, as the right wing promotes hate against Barack Obama, due to ObamaCare and other reforms and changes promoted by this administration after a similar economic downturn as FDR faced 80 years ago. Then, it was the Great Depression, and now it is the Great Recession, both brought about by Republican Presidents and their economic policies.

The arguments against FDR and Obama are similar, with the addition of racism against Obama making the present threat presented by the right wing even more dangerous.

The Secret Service is certainly aware of the threats, and one can only hope that any overt action is backed away from, once becoming public knowledge, as it was nearly 80 years ago!

Reality Of Life For Millions Harmed By Great Recession Of 2008: The End Of Unemployment Compensation And Cutting Of Food Stamps!

Ronald 4 Comments

It has been more than five years since the collapse of the American economy, and the onset of the Great Recession, the worst economic downturn since the Great Depression.

Millions of Americans have been unable to obtain new employment, many of them being past the “desired” age of under 50, and many others, who are much younger, who are unable to obtain substantial employment and a living wage.

The agreement to expand unemployment compensation and food stamps for these millions came only after bitter fights with the Republican Party, who would not have done so without pressure, and the reality that the Democrats controlled both houses of Congress in 2009-2010.

But the control of the House of Representatives by the GOP since January 2011 has led to a Scrooge like mentality on unemployment compensation and food stamps. And there has been no desire to raise the minimum wage to promote the concept of a living wage. The Republican Party refuses to help create jobs, promote educational investments, and to create infrastructure jobs, although the country is desperate for improvement and repair of public works all over the nation, which would also create employment for many desperate Americans.

We are arriving at the reality that 2014 will see increased poverty and suffering, as the GOP will fight to prevent extension of aid to millions who have no lifeline. And they will do this while professing to believe in “Christian values”, a mockery of the teachings of the faith.

So the economic emergency of five years ago is about to become far worse, with no “safety net” for millions of victims who have nowhere to turn to, as concern about them is ignored, and instead, we see the government unable to do anything to advance the lives of millions of victims of the Great Recession, brought about by Republican policies under George W. Bush!

Lies, Deception, Fear, Hypocrisy Being Utilized By Right Wing To Destroy ObamaCare

Ronald 14 Comments

There have been so many lies, deceptions, fears, and hypocrisy stoked by the right wing in America to destroy ObamaCare before it goes into effect.

The argument that ObamaCare has caused massive loss of full time employment is a total lie, as that has been going on since the Great Recession of 2008.

The argument that the individual mandate will force people to pay a fine, without any way to avoid it, is a lie, as no one will be prosecuted if they do not pay it, with the only purpose being to convince Americans of the importance of being insured for their health.

The argument that prices for health insurance will double and triple is a lie, as government subsidies will be provided for people up to four times the poverty income for a family of four.

Many ignorant, prejudiced people, many of whom are racists, will not associate with anything connected to Barack Obama, even with proof that it would save them money. It has already been shown to be true that people tied to an ideological commitment, are willing to lie openly on television about their situations in an interview arranged by Sean Hannity of Fox News Channel, who has no trouble lying through his teeth, exploiting any situation to fulfill his need to enrich himself, and can look straight in the camera as he knows that he, and people who he knows are lying and deceiving, go right ahead and do so on his television show. And this is common all the time on radio talk shows of the right wing, and on Fox News Channel, by people determined to make sure that tens of millions of Americans have no ability to have coverage for their children to age 26; make sure that pre-existing conditions not be covered for millions of children and adults; and make sure that the closing of the “donut hole” for senior citizens on their prescription medications not be covered.

This is class warfare, trying to turn the 85 percent who have health care against the concept that the other 15 percent should have the same right to health care at reasonable cost.

This is the right wing Heritage Foundation, headed by extremist right winger Jim DeMint, formerly Senator from South Carolina, hiding the fact that it was that group which proposed what is now ObamaCare in 1993, as an alternative to HillaryCare, the Clinton health care plan, which was more extreme in its approach to health care, than the plan now law, which is also so much like RomneyCare in Massachusetts. So a Republican plan adopted by Barack Obama is suddenly “socialism”, which it is not in any sense.

How can one look at this, except to call it the BIG LIE technique, utilized in dictatorships, by such luminaries as Adolf Hitler, Benito Mussolini, Joseph Stalin, and others as the method to expand their power at the detriment of the population?

The Worst Possible Scenario: A Republican House And Democratic Senate!

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History has taught us that the worst possible scenario in Congress is a Republican House of Representatives and Democratic Senate.

Since 2011, we have had this scenario, and it has been a total disaster as the GOP has made it impossible to deal with the aftermath of the Great Recession.

The last time we had such a scenario is a century and a half earlier in 1859-1861, when James Buchanan was President, and the GOP was a new party, and anarchy and chaos reigned in the nation’s capital.

When we have had a Democratic House and Republican Senate as under William Howard Taft (1911-1913), Herbert Hoover (1931-1933), and Ronald Reagan (1981-1987), all Republican Presidents, some progress and cooperation has been possible.

Notice that when Buchanan was in office, and Obama now, it was Democratic Presidents facing an impossible situation with a party dedicated to no cooperation at all on anything!

While the Republican Party of the 1850s was more to be admired for principles, the fact is that Republican control of the lower House has led to stalemate and gridlock.

One could argue that even if the GOP won the Senate, it would not change things much, as the requirement for a 60 vote majority to invoke cloture and overcome a filibuster makes the Senate always a problem in any situation, but the power of the purse in the House makes that chamber MORE important to control.

So for Obama’s last two years, control of the House, which brought about more productivity in 2009-2010 than any modern Congress, and was under Democratic control, is more urgent than control of the US Senate.

And when the opposition party has controlled both houses of Congress, as has occurred a lot in recent history, much more gets done than in a split Congress.

These are the facts of Congressional history, like it or not!

Withdrawal Of Larry Summers For Federal Reserve Leadership A Victory For America!

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Larry Summers, the former Harvard President, Treasury Secretary for awhile under Bill Clinton, and economic adviser to Barack Obama, has withdrawn his candidacy for Federal Reserve Board Chairman to replace Ben Bernanke.

This is a major victory for America, and for fiscal sanity, and it now seems that Janey Yellen, Vice Chair of the Federal Reserve, will become the most powerful woman in American history, as Barack Obama moves away from what would have been a disastrous choice of Summers.

Summers is very bright and intelligent, no doubt about that, and one can be sure that he tells people of those traits on a regular basis!

Summers is a pompous windbag, who was arrogant as Harvard President, including saying women did not have the right stuff to be in the field of science; showed arrogance in his dealings with students and faculty; and as Treasury Secretary, and later, gave bad advice that helped to cause the Great Recession of 2008 to the present.

What drove Barack Obama to want him is beyond understanding, but thankfully, four members of the Senate Banking Committee, all Democrats, made clear of their dissatisfaction with Summers.

These four courageous Senators are Sherrod Brown of Ohio, Jeff Merkley of Oregon, Elizabeth Warren of Massachusetts, and Jon Tester of Montana, and we all owe a debt of gratitude to them for helping to prevent the nomination of Summers.

The nation will be well served by Janet Yellen as Federal Reserve Board Chairman!

New York City May Be Going Through Renaissance For Next Four Years With Bill De Blasio As Mayor!

Ronald 3 Comments

New York City looks ready to elect a progressive Mayor who really cares about the poor and the middle class, unlike Mayor Michael Bloomberg, and former Mayors Rudy Guiliani, Edward Koch, and Abraham Beame!

Bill De Blasio has, apparently, won slightly more than 40 percent of the Democratic Primary vote, and should be able, therefore, to avoid a runoff with the second place finisher, 2009 Mayoral nominee Bill Thompson, who lost the election to Bloomberg.

De Blasio has talked about the “Tale of Two Cities”, with 46 percent of the city being very poor, and the wealthy being so super wealthy that it is actually obscene, a result, partially, of the Great Recession of 2008, but also the result of billionaire Michael Bloomberg, who basically “bought” his three terms of office, being the wealthiest politician in America, but has shown no interest in the plight of the poor in the biggest city in America!

And the fact that De Blasio, who is white, has an African American wife, and two dark skinned, mixed race children, who are inspiring on their own, gives hope that something really significant will be done about education, health care, crime, and quality of life, taking into consideration the need to change the Bloomberg era policies!

This is a great moment, having now gone from a black President, whose mother was white, to a potential Mayor married to a black woman, and having mixed race son and daughter, who all form a loving family, just like the family of Barack Obama!

This is the future of America, as the nation moves from majority white to a majority minority population by 2040 or so, as it is already in New York City!

De Blasio has the potential to be the most inspiring Mayor of New York City since the great Fiorello La Guardia, who served three terms from 1934-1945!