Daily Archives: June 11, 2011

Are Republicans Intentionally Sabotaging Economy For Political Gain?

If as American citizens, we are not concerned about this or haven’t noticed what’s going on, then we need to pay attention.  This is a very serious situation.  

Republicans are not putting their constituents first, they are putting their re-election and gaining more power ahead of their constituents.  In other words, they have a fiduciary duty to serve the clients and or companies that keep them funded. 

The ultimate goal, according to the following video and report is to do anything to bring Obama down and win back the White House.

Please see the video here… first.

The Daily Ticker

Corporate board members, financial advisers, and other professionals are bound by a principle called “fiduciary duty,” in which they are required to act in the best interests of the clients or companies they are serving.

As an American citizen, I would think–or at least hope–that elected government representatives would be bound by a similar principle–that they would put the country’s interests firsts, even if those interests conflicted with their personal desire to gain more power or get re-elected.

My colleague Dan Gross, however, who has covered Washington for two decades, thinks that this principle–if it ever existed–has been thrown out the window.

Basically, Dan argues, Republicans are doing everything they can to ensure that the economy remains a mess when it comes time for the 2012 election. The Republican hope here, Dan explains, is that Americans will vote with their wallets in 2012–and, in so doing, vote more Democrats out of office.

Now, there’s no question that voters do vote with their wallets: The deteriorating economy in 2008 helped President Obama get elected. And there’s nothing wrong with stumping for policies that you honestly believe will help the country over the long term, even if you think they will cause some short-term pain.

But there’s a big difference between that and intentionally doing things that will sabotage the economy over the next 12 months just to influence the next election.

If this is actually what some Republicans are doing, Americans of both parties should be outraged. The first loyalty of any elected representative should be acting in the best interests of the country., and advocating policies that you know will hurt the country–or stonewalling ones that will help it–is a gross dereliction of professional and civic responsibility.

There should not have to be a legal principle like “fiduciary duty” that requires legislators to act in the best interests of the country. But if Dan’s right, it sounds like there may need to be.

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West Wing Week – June 10, 2011: “Way to Get Our Money Back”

The White House

This week, President Obama traveled to a Chrysler plant in Toledo, Ohio, to congratulate workers on the turnaround they helped bring about at Chrysler and the impact that saving the company had on the community. The President also announced new initiatives that will improve our manufacturing workforce, and welcomed German Chancellor Angela Merkel to the White House for an Official Visit. That’s June 3rd to June 9th, or “Way to Get Our Money Back.”

Find out more about the topics covered in this West Wing Week:

Friday, June 3rd, 2011

 Monday, June 6th, 2011

 Tuesday, June 7th, 2011

 Wednesday, June 8th, 2011

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Politico’s: The week in one-liners: Spitzer, Newt and Reid

 

Politico

The top quotes in politics this week:

“And there you have it. At 4:25 Eastern Standard Time, this story officially became sad.” — Comedian Jon Stewart, reacting to his friend Anthony Weiner’s press conference on Monday.

“I’ve been there.” — Former New York Gov. Eliot Spitzer talking about Anthony Weiner’s situation.

“Notice, nobody’s defended Anthony. Like Spitzer, he had no friends.” — New York Mayor Michael Bloomberg weighing in.

“By the way, I no longer follow Congressman Weiner on Twitter at the request of my mother. She said it made her uncomfortable.”— Meghan McCain, writing on The Daily Beast about Weiner.

“Call somebody else.” — Senate Majority Leader Harry Reid when asked if he had advice for Weiner.

“We make decisions as a couple.” — Newt Gingrich addressing the notion that his wife, Callista, is in control of his schedule.

“We still think we might get Lindsay Lohan.” – Presidential hopeful Rick Santorum, joking about the fact that Miley Cyrus dissed him.

“I didn’t mess up about Paul Revere.” — Sarah Palin, defending her version of Paul Revere’s Midnight Ride.

“I’d like to hire Hillary Clinton.” — Fox News’s Roger Ailes, expressing his interest in employing the secretary of state.

“I wouldn’t rule it out.” — Alec Baldwin’s spokesman, hinting that the actor just might run for mayor of New York in 2013.

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The $2.5 Trillion Tragedy: What America Has Given Up For 10 Years Of Bush Tax Cuts

We could've guaranteed health care for every child for the cost of the Bush tax cuts.

Endless wars. Endless pollution. Endless greed that costs us trillions!

It breaks my heart to see what this country has squandered in the name of tax-cuts for the wealthy and endless wars which benefit the military industrial complex among other corporate entities. 

Yet politicians want to blame the poor, unemployed, seniors, teachers, unions and government workers for our country’s financial crisis.  They claim “everything is on the table”…except tax cuts for the richest people in our nation. 

Think Progress

June 7th marked the 10th anniversary of former President George W. Bush signing into law his 2001 tax cuts (he passed a second round in 2003). While doing so, Bush promised prosperity and growth, but the nation got neither.

 The cost of these budget-busting 2001 and 2003 tax cuts was, as estimated by Citizens for Tax Justice, roughly $2.5 trillion through 2010. But America didn’t have to go down this route of cutting taxes and hoping for growth to miraculously appear. There were other policy options available to policymakers.

ThinkProgress, using data on various social spending projects from the National Priorities Project — which does these calculations for the cost of the Iraq and Afghan wars — has estimated ten other possible policies we could’ve paid for at the same $2.5 trillion price of the Bush tax cuts. While not all of these policies are currently performed by the federal government, they do represent an accurate calculation of the monetary tradeoffs, and each one individually would cost the same as the Bush tax cuts. Here are ten alternatives we could’ve pursued instead:

- Give 122.7 Million Children Low-Income Health Care Every Year For Ten Years

- Give 49.2 Million People Access To Low-Income Healthcare Every Year For Ten Years

- Provide 43.1 Million Students With Pell Grants Worth $5,500 Every Year For Ten Years

- Provide 31.5 Million Head Start Slots For Children Every Year For Ten Years

- Provide VA Care For 30.7 Million Military Veterans Every Year For Ten Years

- Provide 30.4 Million Scholarships For University Students Every Year For Ten Years

- Hire 4.19 Million Firefighters Every Year For Ten Years

- Hire 3.67 Million Elementary School Teachers Every Year For Ten Years

- Hire 3.6 Million Police Officers Every Year For Ten Years

- Retrofit 144.6 Million Households For Wind Power Every Year For Ten Years

- Retrofit 54.2 Million Households For Solar Photovoltaic Energy Every Year For Ten Years

The tradeoffs paint a stark picture. For the same price as the Bush tax cuts, which did little to help the economy, we could’ve sent tens of millions of students to college, retrofitted every household in America with the capacity to generate alternative energy, hired millions of firefighters and police officers, effectively ended our national shame of having kids who lack health care coverage, or put millions of more teachers into classrooms. But instead, Congress passed budget-breaking tax cuts, and then went on to pass even more in 2003. In 2010, Congress then went on to renew the Bush tax cuts for an additional two years, and the political will for the sort of public investments listed above appears to have dried up.

 

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