National Debt

Lyndon Johnson’s Withdrawal From Presidential Race 45 Years Ago Today Led To Five More Years Of Vietnam War, Tragically!

Ronald 13 Comments

On this day, 45 years ago, the nation was stunned by President Lyndon B. Johnson’s announcement that he was withdrawing from the Presidential race of 1968 to devote attention to an attempt to end US involvement in the Vietnam War.

Sadly, the action led to no such thing, as Richard Nixon was elected, and continued the war until 1973, gaining nothing permanently, as Vietnam would be unified under Communist North Vietnam in 1975.

Meanwhile, the number of American troops killed more than doubled to 58,000, with many more wounded, some permanently, and massive damage done by US bombing of South Vietnam, North Vietnam, Cambodia, and Laos, and we are still paying for the cost of that war with aging veterans of the war who need medical and psychological care that is never ending.

It seems clear that had Vice President Hubert Humphrey been elected to succeed Johnson, US involvement in the war would have ended sooner than the beginning of the second term of Nixon.

And the Great Society of LBJ would have been continued and expanded on a massive scale with Humphrey, the premier liberal of his time, in the Presidency.

And had Robert Kennedy not been assassinated, and somehow became the Democratic nominee, instead of Humphrey, there would also have been a quicker end of the war, and an expansion of the Great Society.

America went from a nation at its peak in the 1960s, to a deterioration of the middle class after 1973, due to the investment in war spending that continued, leading to three major wars in the 1990s and 2000s, and eating up funding that could have been used for more social and economic change and reform.

The conservative counter revolution did great damage, and we are paying heavily now in our national debt which multiplied under Republicans Ronald Reagan and George W. Bush, mostly in foreign policy and defense spending, while the top two percent became ever more massively wealthy due to major tax cuts on them, which did not promote stimulation of the economy!

Barack Obama is trying to reverse the course that has been endemic since 1968, but is being challenged and obstructed at every turn, but even with that, already he has become the major Presidential reformer in domestic affairs since the retirement of Lyndon B. Johnson!

The Rehabilitation Of President Calvin Coolidge: Is It Legitimate?

Ronald 8 Comments

In an age of conservative talk radio and Fox News Channel, and the constant conservative attempt to transform our law, our science, our history, our politics, our economics, our educational system, the charge is on to rehabilitate a hero of conservatives, including Glenn Beck, Rush Limbaugh, Sean Hannity, Mark Levin, Michael Savage, and many others.

That “hero” is our 30th President, Calvin Coolidge, who served five and a half years in the White House, from August 1923 to March 1929, succeeding President Warren G. Harding, and winning an easy victory over Democratic nominee John W. Davis and Progressive Party nominee Robert La Follette, Sr. in the 1924 Presidential Election.

Calvin Coolidge can be given credit for several things:

His administration paid off the national debt by the time he left office, a debt built up by our involvement in the First World War.

His Presidency was a clean one, and the corruption of the Harding Administration, the greatest since Ulysses S. Grant, was fully prosecuted, leading to convictions and prison terms for some of the Harding personnel.

Coolidge picked a distinguished Vice President, Charles G. Dawes, who would have made an outstanding President.

Coolidge selected Harlan Fiske Stone as his Attorney General, and then appointed him to the Supreme Court, and Stone was later elevated to Chief Justice in 1941 by Franklin D. Roosevelt, turning out to be one of the all time, outstanding Supreme Court Justices in American history.

However, Coolidge also was responsible for:

The promotion, by his tax policies under Treasury Secretary Andrew Mellon, of the rich getting richer and the poor getting poorer, an earlier version of “Reaganomics” and “Bushonomics”.

The raising of protective tariffs to their all time high, leading to the revival of monopoly capitalism in America, harming small business, labor and consumers alike.

The refusal to regulate big business in any form, by his appointments to the Federal Trade Commission and the Interstate Commerce Commission, and his decision NOT to use the Clayton Anti Trust Act and Sherman Anti Trust Act in lawsuits against corporations.

His refusal to help depression ridden farmers, by his veto of the McNary Haugen plan, which was desired by farm state Republicans.

His criticism of organized labor set back the labor movement until the time of FDR.

A new book by Amity Shlaes, is the most detailed and strong defense of Calvin Coolidge, but it fails to recognize that the Great Crash of the stock market, eight months after Coolidge left the Presidency, and Herbert Hoover became President, is not due only to Hoover, but much more to Coolidge and his policies in office.

Herbert Hoover has taken too much blame for the Great Depression. He can be blamed for his slow reaction to the collapse of the economy, but it is clear that Coolidge, with his doctrinal belief in “Laizzez Faire”, would not have been willing to take even the belated actions that Hoover took in 1931-1932, for which conservatives condemn him, by saying Hoover was the forerunner of the New Deal of FDR!

Just because Amity Shlaes, who is connected to the George W. Bush Institute, loves Calvin Coolidge does not make Coolidge, suddenly, a great or near great President. And neither does the fact that Ronald Reagan displayed his portrait, in place of Thomas Jefferson, add to Coolidge’s appropriate rating as, at the best, a below average, or even, a mediocre President.

In fact, to put Herbert Hoover lower really is a miscarriage of justice, as Hoover became the victim of the short sighted Coolidge policies!

Marco Rubio Response To State Of The Union Speech Of Barack Obama Comes Up Short!

Ronald 14 Comments

Florida Senator Marco Rubio presented the official GOP response to President Obama’s State of the Union Address last night.

As always, Senator Rubio comes across as charismatic, handsome, well spoken, and a pleasant personality.

But when it comes to substance, Rubio was wanting in many ways.

He hardly touched on foreign policy at all, spending most of his time condemning “big” government, claiming that it cannot solve people’s problems, forgetting that he is where he is because of help from government through student loan programs, which he pointed out he had just paid off finally after many years of payments.

Rubio failed to realize that it is government which provides so many opportunities and forms of assistance, including his mother’s Medicare and Social Security.

Rubio forgets that it was the interstate highway system, initiated by Republican President Dwight D. Eisenhower, which has allowed the nation, and particularly Florida, to become a success story in growth of population and economic opportunity.

Rubio criticizes government, while making sure that he spends his career in government service, including the Florida legislature, where he spent a decade.

It is also ironic that Rubio and his party attack “big” government, when George W. Bush led the greatest expansion of government in four decades!

Rubio offered no hope for any solution to gun violence, and denied climate change, just as he has, earlier, questioned evolution, so he believes that science has no validity, while invoking religion, of course, all of the time, forgetting that we have a Constitution and Bill of Rights that promotes separation of church and state.

Rubio also shows bad math, as he claims Barack Obama has raised the national debt more than any President, which is not true, and fails to reflect the deep chasm we were in when he took the oath of office, the worst since 1933!

And his belief that often corrupt state governments, including his own state of Florida, can do a better job of operating safety net programs, is belied by the stark truth of just the opposite result!

So Marco Rubio gives a good speech, but the details come up short, if one is interested in reality!

But one thing Rubio accomplished is to make him more noticed as a leading Presidential possibility for his party in 2016!

Former Vice President Dick Cheney And Obama Foreign Policy: Total Hypocrisy!

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Former Vice President Dick Cheney, one of the architects of the disastrous Bush foreign policies in Iraq and Afghanistan, has now denounced the Barack Obama foreign policy as a failure, and termed his appointments of John Kerry, Chuck Hagel, and John Brennan as dismal and second rate. when the Bush team, including Cheney, Donald Rumsfeld, George Tenet and others demonstrated total arrogance and total incompetence in their leadership of our foreign policy for eight years!

The fact that Obama has fought terrorism effectively is ignored, an amazing development when it was under Cheney and George W. Bush that America was attacked. Imagine if Al Gore had been President on September 11, 2001, and the literal hell that Gore would have suffered for such an attack occurring!

Cheney predicted that the war in Iraq would be won easily, and the fact that more than 4,000 Americans were killed in that war does not concern him, or the tens of thousands of men and women disabled by the war.

Cheney helped contribute to a feeble war effort in Afghanistan, and ten years later, we are still in that nation, with over 2,000 Americans killed, and still with 68,000 troops there facing threats every day of loss of life or serious disabilities.

This man also said that deficits and the national debt were not important issues, but of course, now his party emphasizes that, after the destructive financial policies they pursued, including NOT raising taxes in time of war, and helping the top two percent gain the biggest tax cuts in history, and yet see total abuse by Wall Street and the corporations, leading to the Great Recession!

The fact that this most despicable man of recent times has the nerve to even speak up on Presidential leadership, when his own President was a true disaster in so many ways, shows he has no shame or feeling of guilt or responsibility for what he and George W. Bush have wrought!

The Reagan Era Is Over: Obama Agenda Makes That Perfectly Clear!

Ronald 4 Comments

The Reagan Era, which lasted from 1981-2009, is over, and will be seen as constituting those years in the history books! This would include the time of George H. W. Bush, Bill Clinton, and George W. Bush, as well as Ronald Reagan.

Ronald Reagan promoted the idea of distrust of government; of greatly increased federal spending on defense and national security, while cutting domestic spending: helped to undermine labor rights and minority rights; allowed corporate dominance to grow without federal regulations; undermined the environment and consumer safety; engaged America into a major role in the Middle East, therefore promoting anti American terrorism; and caused through their taxation cuts on the upper class and their wild defense spending to cause most of the increase in the national debt from $1 trillion when Jimmy Carter left office to $10.5 trillion when George W. Bush left office.

Even Bill Clinton, the one Democratic President, accepted the idea of smaller government and less regulation, while, however, having the success of adding less to the national debt and having balanced budgets for several years, something that the Republican Presidents—Reagan and the two Bushes—were unable to accomplish during the 20 years out of 28 total in the era they were in charge.

And one must recall that Republicans controlled the Senate from 1981-1987, and from 1995-2007, except for the last half of 2001 and 2002. And they controlled the House of Representatives from 1995-2007. So they had an impact on policy making for a majority of the years of the Reagan era.

Barack Obama represents a diametrically opposite viewpoint on all of the characteristics of the Reagan era. While he will not be able to accomplish all of his goals in the second term, with the GOP control of the House, and the ability to use the Senate filibuster in the upper chamber, the Obama era can now be seen as a path breaking event, similar to Franklin D. Roosevelt and Ronald Reagan representing fundamental change in their times!

Stock Market Hits Five Year High As Obama Is To Be Inaugurated For Second Term As President!

Ronald 2 Comments

After four tough years for the economy, Barack Obama is about to be inaugurated for his second term as President, and the stock market Dow Jones Industrial Average and S & P 500 have hit their highest point since December 2007, when the Great Recession was beginning.

Housing starts are up, and unemployment is staying below 8 percent, and many economists predict a good recovery becoming clear during 2013, as long as budget deals and debt ceilings controversies are resolved. But the debt ceiling issue is a troublesome one.

Obama has asked for a lifting of the debt ceiling only three times, while George W. Bush asked for it seven times, Bill Clinton a total of four times, George H. W. Bush four times, and Ronald Reagan a grand total of SEVENTEEN times!

In percentages, Obama has had the debt limit go up only 26 percent; Bush II 90 percent, Clinton 44 percent, Bush I 48 percent, and Reagan nearly 300 percent!

But now, it is suddenly a massive issue, when Republicans assert that, somehow, Obama has been more reckless than anyone else, when in fact, he has been far more responsible than any recent President, and particularly Reagan, who ranks at the bottom on this list of the past four Presidents and Barack Obama!

So Obama has a lot to be thankful for, relating to the stock market revival, but there are still many issues and problems that he will face in the next four years!

Barack Obama And The Debt Ceiling Crisis: A Moment Of Presidential Assertiveness Needed!

Ronald 19 Comments

President Barack Obama has done his best to avoid antagonizing opponents with his use of Presidential powers.

He has shown willingness to negotiate and make deals, but the Republican House has refused to do anything, other than threaten to have the good faith and credit of the United States destroyed, a calamity that could lead to a Second Great Depression and harm to the world wide economy.

The Republican Party in the House refuses to help create jobs through federal funding, or to work on building an infrastructure repair and expansion.

The Republicans have made it clear that they are willing to hold all Americans hostage, as they promote their extreme right wing ideology, and work to take America back to the Gilded Age and the 1920s.

So therefore, it is time for action soon by President Obama, a moment of Presidential courage, to refuse to allow the destruction of our economy!

So he has two alternatives.

Invoke the 14th Amendment, which includes language on the payment of government debts.

Use the concept of a trillion dollar coin minted by the US Treasury to cover all debts already incurred and more in the future.

The point is that it was the Republican Congress which built up most of the massive debt we now face, and yet they are ready to refuse to pay the government bonds when due, unless they are able to destroy the social safety net of Social Security, Medicare, and Medicaid.

This cannot be allowed, and although Obama is highly reluctant to take controversial action in either direction mentioned above, he owes it to the nation at large to do so if no alternative is available at that time, which seems likely to be the case!

What is the worst that would happen if Obama took unilateral action?

He would be bitterly condemned by the right wing, called every name in the book, so what else is new?

There might be greater death threats against him, but there are already more than ever before as it is.

The realization is that there would be the likelihood of the Republican House choosing to impeach President Obama for “high crimes and misdemeanors” in office.

But has Obama committed such crimes, or is about to do so?

No more than Abraham Lincoln and the Emancipation Proclamation, or Franklin D. Roosevelt arranging the Destroyers for Bases Deal with Great Britain, or thousands of executive orders utilized by many of our Presidents!

And even were he to be impeached, the odds of Obama being removed from office with a Senate of 55 Democrats is totally out of the question, since 67 Senators would be needed to remove him from office, and there are only 45 Republicans!

Would an impeachment besmirch the reputation of Barack Obama? It would certainly be part of his obituary, as with Bill Clinton, but Clinton has survived very well from the impeachment, and his popularity went up during the impeachment crisis, and the Republican reputation suffered great harm.

The Republican Party would only be putting nails in its own coffin, if it decided that our economy should be destroyed and the President impeached.

The nation and the President would be the winners in such a scenario, so it is soon time for Obama to show guts and courage and do what is necessary, knowing the consequences are something he can deal with, although regrettable that he has to go through those consequences!

Vice President Joe Biden’s Eulogy Of New Hampshire Senator Warren Rudman: A Mirror Image In So Many Ways!

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For once, many members of the US Senate, who these days are at odds much of the time, got together today to eulogize New Hampshire Senator Warren Rudman, a reputable, decent moderate conservative Republican, who served from 1980 to 1993, and passed away earlier this month at age 82.

Rudman was always a person who was genuine, decent, caring, and willing to cross the aisle in a compromising manner without giving up his principles. Rudman often bemoaned the way the Senate has become in the nearly twenty years since he left the upper body..

Rudman brought up the importance of fiscal sanity, and came across as a man of principle, concerned about the growing national debt, even back in his time in office, when the Reagan Presidency tripled the national debt.

Biden’s eulogy was heartfelt, describing Rudman as a man who really cared, was sincere and genuine, very approachable, a person who never forgot where he came from, and always treated ordinary Americans with dignity and respect.

Watching that eulogy by Biden reminded me that these descriptive characterizations of Rudman also fit Biden perfectly!

That is the reason why this author has such admiration for Joe Biden, because he is REAL and a GOOD GUY in every conceivable way!

If Only: Jimmy Carter Had Been President For Second Term! How Would America Be Different?

Ronald 3 Comments

As we celebrate Barack Obama’s second term victory, and as we thank Bill Clinton for his super efforts for Obama, crucial to Obama’s victory, we can have a wistful moment and wonder:

How would America be different if Jimmy Carter had won a second term as President in 1980?

Ronald Reagan would never have been President, just be seen as a mediocre, second rate actor on Death Valley Days and the General Electric Theater on television, and a few good movies in Hollywood, and a mixed record as two term Governor of California. We would not have him being seen as an icon, a god like figure, totally misrepresented by those who adore him!

We would not have George H. W. Bush as Vice President for eight years, and then be the successor in office after Reagan left.

We would not have had George W. Bush as President, and we would not be speculating about Jeb Bush as possibly a candidate for the 2016 Presidential Election.

We would have had a much more responsive, sympathetic reaction to the rise of the AIDS epidemic in the early 1980s, and would have saved many lives in the process.

We would not have had a tripling of the national debt, as Carter was very tight fiscally, and added very little to the national debt.

We would have had a President who would have continued his great environmental work into a second term.

We would not have allowed the rich to get richer, and the poor to get poorer, and the maldistribution of wealth to accelerate, and then again occur again under George W. Bush.

We would not have seen the decline of labor unions, caused by Ronald Reagan being our President.

We would have had Vice President Walter Mondale having a much better opportunity to be our President in 1984, a continuation of the tradition and principles of Hubert Humphrey and Minnesota progressivism.

The Iran hostage seizure crisis would have been resolved sooner with Carter having defeated Reagan in November 1980.

The early 1980s would have seen further promotion of human rights, a policy backtracked by Ronald Reagan.

There would have been no friendship with Saddam Hussein in Iraq, and no backing of the South African Apartheid regime.

These are just 12 ways life would have been different if Jimmy Carter had been reelected in 1980. And Carter would not have been constantly attacked and ridiculed as a failed President if he had served a second term.

Oh well……

Eleven Years Since September 11: What It Has Done To America

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Eleven years ago, on a bright, sunny New York morning, just as today it is in New York, and on the same day of the week, Tuesday, America was struck by Al Qaeda and forces backed by Osama Bin Laden, causing the deaths of about 3,000 people at the World Trade Center, along with those slaughtered at the Pentagon in suburban Virginia, and those on the plane bound for the US Capitol or the White House, and forced into a crash by its courageous passengers in Shanksville, Pennsylvania.

This is a day of commemoration and mourning for the loss of life, plus the deaths of over 6,000 Americans in unsuccessful wars in Afghanistan and Iraq since then, and the nearly 50,000 young men and women wounded, many of them severely, as a result of those wars.

We also mourn the loss of innocence that we had, that somehow, as the super power of the world, we were immune from such a shocking attack, and the sense of insecurity that it brought upon all of us.

Our lives have been transformed in so many ways that we can never reverse, and we can say that we have become ever more divided in the years since, politically, economically, and socially, and that we have a divided America more so now than ever since the Civil War and Reconstruction period in the middle to late 19th century.

We are a more stratified society economically, and we have become, more than ever, a nation of the coastlines versus the massive interior, a nation of blue versus red in political terms, and our country is rapidly changing in a way that worries us about the future, as to whether there is the potential for internal violence in the future, that might make the terrorism of September 11 seem like something minor, as compared to what could happen between the sections of the nation, the religious groups, the racial groups, the age groups, the gender groups, and the cultural groups that make America a complex nation in the 21st century.

Imagine going back to the year 2000, before the divisive Presidential Election of 2000, at a time when most Americans had never heard of Osama Bin Laden; when the World Trade Center dominated the Manhattan skyline; when there was no Facebook, Twitter, or Steve Jobs technology; when unemployment was only 3.9 percent; when the national debt was only $5.7 trillion; when gasoline was only $1.79 a gallon; and when the previous year, the biggest controversy was Bill Clinton’s sex life and his impeachment trial.

As America was entering the new century, we were extremely naive, worrying more about the effects of “Y2K” on computers, than the reality of what we were going to face in the first decade of the 21st century, which has worsened the outlook for America’s future in a dramatic way.

Oh, for the “good old days!”