Wall Street

Bill Clinton Hits A Grand Slam At The Democratic National Convention!

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Coming off two nights where the Washington Nationals managed to hit six home runs for two games in a row, something that has only been done twice before in major league baseball history, another “former” resident of Washington, DC, former President Bill Clinton, looked as if he was part of the Washington Nationals lineup last night at the Democratic National Convention in Charlotte, North Carolina!

In baseball lingo, we could say that Bill Clinton hit a grand slam home run, as he defended the Barack Obama performance in office; linked his own time in office with that of his Democratic successor; showed the hypocrisy of Paul Ryan on policy and was laudatory toward Vice President Joe Biden’s contribution to the Obama Presidency; and destroyed the idea of Mitt Romney that the answer is to go back to the failed policies of the Bush Administration which got this nation in the economic mess it is in, which Clinton said no President in the past could have rectified completely in just four years!

Clinton, a masterful and charismatic orator, excited the convention, adding to the drama of this gathering, in a way that was very special and unique. The dynamism and electricity of the thousands of delegates and guests could be felt in every home that tuned in to the dramatic 45 minute address, much of it ad lib, by a man who has had his ups and downs historically, but is now riding a wave of popularity in the mid 60s in public opinion polls.

If Bill Clinton could convince white working class males to think of their future, instead of the appeal to their prejudices by the Republican Party, then he will have vindicated his goal of moving his party and the nation toward a continuation of the Obama Administration, which has much to be proud of, and has, indeed, made America a better nation than it was four years ago.

So Bill Clinton reminded us, that despite much work left to do, we are “better off” than we were four years ago, an old refrain used by Ronald Reagan, who attacked Jimmy Carter in 1980, on the basis that we were NOT better off, and managed to convince the country to elect him, not realizing that Reagan would pursue economic policies that would start the decline of the American economy and help to cause the massive government debt, mostly occurring under Republican Presidents Reagan and the two Bushes.

Only Clinton was able to balance the budget several times, slowing up the debt’s growth, and actually leaving a surplus for George W. Bush, which was then squandered by two wars in Iraq and Afghaniatan, a Medicare prescription drug plan unpaid for by taxes, and a policy of deregulation of Wall Street which led to the Great Recession of 2008, all thrown into the lap of Barack Obama in 2009, creating the worst economic times since Franklin D. Roosevelt and the Great Depression in the 1930s!

A Very Scary Thought: Rise Of The Teavangelicals In The Republican Party!

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The Republican Party has been plagued since the late 1970s by the influence of the evangelical Christian RIght, originally led by Jerry Falwell and Pat Robertson, as the Moral Majority.

Then along came the Tea Party Movement in 2009 as an opposition to any cooperation with President Barack Obama on the economic crisis facing the nation after the meltdown on Wall Street in 2008.

Now the two right wing movements are combining together to take America back to the past, and has elements of religious extremism, nativism, racism, anti Semitism, joined together with promotion of Grover Norquist and his supporters who want no increase in taxes, tax cuts to the top two percent, no regulation of corporations, and the promotion of a theocracy in America, along with a libertarian bent along the lines of Ron Paul and Rand Paul.

This is modern day Fascism in America, a threat to progress and tolerance in America, as the goal is to restore a past that was far from wonderful, but has been romanticized as glorious!

Progressive forces must resist and fight the right wing, as they are a threat to the changing America which is, inevitably, coming on–a multicultural America, in which the white majority will be a minority by the 2040s!

Trying To Decipher The “Republican” Brain: Crazy, Lacking In Reality And Ethics

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Republicans used to be a reputable major political party, and have a lot to be proud of in their history of 158 years.

But there is little to be proud of in 2012, as Republicans seem to have lost their minds, their ethics, their morality, their ability to understand reality!

How else to explain the following:

A vast majority of Republicans believe Barack Obama was born in Kenya, is a Muslim, is a Socialist, a Fascist, a Communist, and wishes to destroy America.

The deficit issue began with Barack Obama, ignoring $2 trillion investment in failed wars in Afghanistan and Iraq, and $1.3 trillion in tax cuts to the top two percent of the population under George W. Bush.

The Federal budget can be balanced with only program cuts, not tax increases ever again.

Global warming is a hoax, and evolution is just a theory, and God will always protect all of us from harm from the climate, and mankind walked the earth alongside dinosaurs.

Iraq caused September 11, and we found Weapons of Mass Destruction in Iraq.

Since there is no body, how do we know that Osama Bin Laden was really killed by US Navy Seals?

Contraception is evil, and knowledge to adolescents about sex is evil, and it is all a plot to promote gay sex and abortions.

All Hispanics and Latinos are illegal immigrants, and they are all criminal elements that must be deported en masse.

Barack Obama is easily the most corrupt President we have ever had in American history, including Richard Nixon, and George W. Bush.

The collapse of Wall Street in 2008 was due to too much regulation, and was caused by Democrats and liberals.

The entire New Deal and Great Society is unconstitutional, and needs to be repealed, and return us to the days of states rights, instead of a powerful national government.

America was designed to be a theocracy, and we are a Christian Republic, and if we follow Jesus Christ, we will be just fine.

Science is atheism, and should be dismissed as propaganda to turn America away from God and Jesus Christ.

The list goes on, but this is enough to tell any sane person that the GOP has gone amuck in its craziness about the real world we live in!

Rush Limbaugh’s Attack On Government, Media, Academia, And Science: The Promotion Of “Know Nothingism”!

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Conservative radio talk show host Rush Limbaugh, the largest, in all ways, of windbags, who loves to divide America, on the road to further enrichment of his massive fortune, is at it again, but what else is new?

Limbaugh now claims that America has four enemies within its midst: the federal government, the news media, the academic community, and the field of science!

Limbaugh has no problem with the hypocrisy of organized religion; the corruption of Wall Street and the massive corporate influence; the massive rise in the national debt under George W. Bush, Ronald Reagan and others in the past three decades; and the tremendous costs of constant warfare overseas in the past decade, and its effect on military personnel’s physical and mental health.

Limbaugh is disturbed if the government does anything to deal with the disaster visited upon the middle class and the poor by the events of the past decade. He is also upset that the news media have the gall to expose the evils and problems that exist, due to the deleterious influence of the Republicans in the past ten years. Of course, academia is seen as evil because it actually promotes knowledge, learning, interpretation, analysis, thinking–all characteristics which Rush Limbaugh lacks! And rather than look at science as something to be respected, instead Rush promotes corporate greed which undermines the future of our environment and planet long term.

Rush Limbaugh is an extremely obscene individual who revels in promotion of ignorance, prejudice, narrow mindedness and hatred, and is only out for his own aggrandizement! When will his audience wake up and realize the truth, and that he has no concern for those who listen to him, except to glorify his own ego and enhance his own fortune?

Will people ever learn and see the truth? One would hope so!

The Future Is What Matters, Not the Past: Message To Barack Obama!

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President Barack Obama has been having a rough patch lately, and many people in his own party, as well as the Republican opposition, have been critical of his criticisms of the Bush Presidency, saying it is time for Obama to stop blaming Bush and take responsibility for mobilizing the nation to a better future!

While one needs to talk about history, that will not be enough to win the Presidential election this fall!

Instead, what must be done is demonstrate to the American people what the future will be, contrasting his own vision and hopes, looking to make America a better, fairer place for all, and show how Mitt Romney will be unsympathetic to the problems of the vast majority of Americans, and is only going to take us back to the Gilded Age and 1920s, and creating the greatest maldistribution of wealth in a century.

If the majority of middle class people, suffering and declining rapidly, can be made to understand that Mitt Romney has no clue as to how to create jobs, and to understand that Wall Street and wealthy billionaires have no one except themselves that they care about, then Barack Obama will sweep to victory in November by a massive margin!

Obama must be on the offensive in painting the gloomy future of a Romney Presidency, and the gloves must come off and stay off, and be replaced by a punching, aggressive manner! Being a nice guy will not work, and Obama will have more respect if he fights like Franklin D. Roosevelt and Harry Truman did in the 1930s and 1940s!

We need a “Give Them Hell” Barack Obama and fast!

If Mitt Romney Wins Presidency, A Likely Challenge From Day One By Senator Rand Paul Of Kentucky!

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If Republican Presidential nominee Mitt Romney somehow wins the Presidency this November, he should be forewarned that he will not automatically be the GOP nominee for re-election in 2016.

There is great discontent within the Republican Party with Mitt Romney, and what is happening now is a “shotgun marriage”, as Republicans realize he is their only hope to dislodge Barack Obama from the White House.

But with Romney’s history of moderation until recently; with his alliance with neoconservatives on foreign policy; with the evangelical Christian right uncomfortable with a Mormon nominee, and distrustful of his social conservatism being real; with his close alliance with Wall Street big banks and corporations; and with his refutation of the libertarianistic views of Texas Congressman Ron Paul, it is certain that a President Romney would have rivals in 2016, most notably the highly ambitious Senator Rand Paul of Kentucky, Ron Paul’s heir.

Paul running would set up a new civil war in the GOP, as the Wall Street Republicans would shun him; the foreign policy neoconservatives would look on him with trepidation; and the question would arise if the social conservatives would be able to accept some of his libertarian views.

Let’s just say that Rand Paul is a nightmare to many in the national political scene, including his fellow Kentucky Senator and Republican Minority Leader Mitch McConnell, who will not be able to count on Paul’s support to be Minority Leader or Majority Leader of the Senate in the 113th Congress.

Like it or not, the impact of Ron Paul, and his son Rand Paul, will haunt the Republican Party for a long time to come!

JP Morgan Chase Loss Of $2 Billion Demonstrates Need For MORE Regulation, More Dodd-Frank Legislation!

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One of the biggest banks, JP Morgan Chase, which happens to be, unfortunately, my bank by default, has engaged in a manipulation of their depositors and stockholders, which has caused a loss of $2 billion.

This just proves further the need for MORE regulation, not less, as Mitt Romney advocates, and his party endorses!

The Republicans want to destroy the Dodd-Frank legislation of 2010, designed to promote regulation, as a result of the abusive financial practices of the big banks and insurance companies on Wall Street, which led to the Great Recession, the worst economic downturn since the Great Depression of the 1930s!

How can the American people not get the point that our big banks, “too big to fail”, are undermining any hope of economic revival, with their reckless and arrogant practices, all endorsed by the GOP, and the spoiled, arrogant, nasty, mean spirited, bullyish Mitt Romney, who does not give a damn about the harm to average middle class Americans, let alone the poor among us?

This is a major issue of the campaign of 2012, the abuse by the top one percent of the other 99 percent, who have had enough abuse, and are sick of being kicked around by Wall Street “bullies” backed by “Mr. Bully” himself, Mitt Romney!

Chris Christie And “Couch Potatoes”: The Gall Of The New Jersey Governor!

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New Jersey Governor Chris Christie, riding a wave of popularity in public opinion polls, is at it again, with outrageous, and bullyish comments, while instead it would be best if he kept his mouth shut!

Christie claims that Americans are becoming “Couch Potatoes”, waiting for the next check to arrive from the government, and that we are becoming a “paternalistic entitlement society”!.

At a Republican gathering in New York City, which included former President George W. Bush in attendance, Christie went on to say that hard working Americans who use their ingenuity, honor and integrity, will succeed in life.

One would think that Christie would understand that the recent Great Recession has put people who are hard working and have ingenuity, honor and integrity into an impossible situation, with the collapse of the economy under the Bush Administration, and contributed to by their reckless tax policy, resulting in loss of millions of jobs and millions of home foreclosures!

But instead, he blames the victims for their plight, rather than the capitalist ruling class on Wall Street and in the Republican Party, which brought this about, and now wants to further enrich the top one percent with the Paul Ryan plan to cut the social safety net in tatters!

Considering Chris Christie’s tremendous girth, he should look in the mirror at the TRUE “Couch Potato”, who has benefited very handsomely as a member of the New Jersey legislature and as Governor of the state, and has no problem pontificating about others, for whom he fails to see the plight they are in!

This is all part of Chris Christie’s hope that maybe, just maybe, he could end up as Vice Presidential nominee for Mitt Romney, and if Mitt loses, then Chrisitie would be the front runner for 2016!

Just what we need: Two egotistical, insensitive, materialistic, greedy, politicians who do not give a damn for the American people, just for themselves and the wealthy one percent they represent!

Can Mitt Romney Survive A Loss In Michigan Primary? His “Competition” With George Romney’s Image And History!

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The biggest crisis in Mitt Romney’s privileged life is coming in Michigan, the state of his birth, the state which elected his father George Romney Governor for three terms in the 1960s, the state which he fundamentally abandoned when he called for the ordered bankruptcy of the auto industry, the state in which there has been a major turn around and drop in unemployment due to the intervention of the federal government to help General Motors and Chrysler survive. General Motors has seen its best growth in 25 years, and Michigan and the Midwest, as bad as they are in economic terms, are far better off because of what Barack Obama did, as opposed to what Romney wished to do for the area–NOTHING!

Romney is about to be paid back in spades, as the odds are now heavy that he will lose his “home state” to Rick Santorum, who can relate to blue collar workers on a fundamental basis, as compared to the filthy rich Romney who has no clue as to the struggles of auto workers or anyone else, and lives off investments but can joke about being “unemployed”!

If Romney loses the Michigan Primary, he is doomed, and will not be able to survive and win the nomination. And even if, by some intervention by “establishment” forces on Wall Street, he gets the nomination, he will have a flaw that will be enough to cause his defeat in November. He is simply too plastic, to stiff, too elitist, for the average American, and by catering to the extreme right in his rhetoric, he is causing the loss of major groups of voters–women, Hispanics and Latinos, African Americans, labor, the struggling middle class, independents, conservative Democrats, gays, etc. Does anyone NOT get the point?

Mitt Romney is NOT electable; he may have the lifelong desire to be what his father failed to be–President of the United States! But in a way, he is competing with a ghost, as George Romney was a much more genuine candidate, a man who knew what it was like to be poor, a man who really built up the auto industry, rather than live off buying up companies and firing workers, and making money on the resale of those companies.

George Romney was genuine, compassionate, principled, and honest to a set of values! Mitt Romney is none of these attributes of his father!

In a way, this reminds us of the struggle between father and son of George H. W. Bush and George W. Bush, another case of son trying to overcome the achievements of the father, but never matching up in any way, shape or form.

The difference is THIS time, it is not going to work out that this country has to deal with the psychological effects of the father-son battle for supremacy, as Mitt Romney is NOT going to be President of the United States, and is highly unlikely, as things stand now, to be the GOP nominee chosen at the Tampa Republican National Convention in August.

It is actually humiliating and embarrassing to see Romney trying to pander to Michigan now, talking about his old high school, the height of the trees, loving the lakes of the state, loving cars and Detroit! Such phoniness and catering to voters who know better than to be suckered by a rich guy who does not care about the “very poor”, the middle class, but only the rich, despite his protestations to the contrary!

Amazing How Republicans Are Attacking The “Religion” Of Capitalism, And Yet Claim Barack Obama Is A “Socialist”!

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It is actually quite hilarious how many Republicans, led by Newt Gingrich, are attacking Mitt Romney over his career with Bain Capital, and yet have enriched themselves in similar ways through Wall Street and other capitalistic interests without any shame, and at the same time, have no concern about the sufferings of the middle class and the poor, as a result of the Wall Street bank collapse of 2008-2009!

While attacking Barack Obama as a “Socialist”, the Republicans have been willing to support government aid to the corporations and the banks, a different form of “Socialism”, which benefits the wealthy and powerful at the expense of the middle class and the poor!

Without realizing it, the Republicans are presenting to us the evils of capitalism, and the dire need for MORE reform and regulation, which is actually “Progressivism”, as in the early 20th century, but is being labeled by them as “Socialism”!

But the same charges were leveled against “Progressives” in the early 20th century, and against the New Deal of Franklin D. Roosevelt, a time when the government, instead of setting out to destroy capitalism at the peak of the Great Depression, instead SAVED capitalism from those who truly wanted to destroy it!

What Barack Obama is trying to do is also NOT revolutionary! It is the same purpose as FDR had, to save capitalism from its own shortcomings and weaknesses, by increasing government regulation and intervention in the public interest.

So the internal GOP debate over capitalism and its excesses can have the purpose of bringing about what needs to be done, a recognition that Barack Obama is NOT a revolutionary, but in the best progressive tradition of Theodore Roosevelt, Woodrow Wilson, Franklin D. Roosevelt, Dwight D. Eisenhower, John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Bill Clinton!