Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Republicans Put Party Before Interests of the Nation

Politics / US Politics Feb 03, 2009 - 02:19 PM GMT

By: Walter_Brasch

Politics Best Financial Markets Analysis ArticleEvery House Republican and 11 Democrats voted against President Barack Obama's $819 billion stimulus package. It still passed by a vote of 244 to 188. There are enough votes in the Senate to pass the bill, but the obstructionist Republican minority, still nursing the wounds inflicted by the public in the November election, can block it by endless political manoeuvring and a filibuster.


The Republicans wail that the President's stimulus package is laden with spending proposals that don't directly attack the recession. However, instead of debating the merits of the package, instead of proposing amendments to add to or subtract from the $819 billion, the Republicans ganged up, voted as a bloc, and placed party loyalty above the needs of the nation.

These are the same "fiscally responsible" Republicans who weren't reluctant to give away billions of taxpayer money to Halliburton, KBR, and other corporations favored by the Bush–Cheney Administration. These are the same Republicans who did little to control runaway spending that brought the nation from a surplus when Bill Clinton left office to the largest deficit in the history of the nation. These are also the same Republicans, unfortunately assisted by a large chunk of complicit Democrats, who most assuredly weren't reluctant to create a $750 billion bailout package that benefited banks, insurance companies, and the Wall Street millionaires of greed, and was lacking adequate oversight or accountability.

These are the same Republicans who came up with two tax cuts or rebates, most of which helped Big Business, with some chum thrown to the masses before the 2006 and 2008 elections. Rebates, which the Republicans demand be placed in the new stimulus bill, didn't work then; they won't work now.

And, now they oppose President Obama's plan that would save or create about three million jobs, improve the nation's infrastructure, provide health care for the uninsured, fund clear-water and environmental projects, provide housing assistance, improve mass transit, provide additional funding for special education programs, and assist both the workers and the nation to recover from a Recession that began more than a year ago.

The Republicans sniff that the President didn't take their feelings into consideration. However, unlike the previous "My way or the highway" President, this President met several times with the Republicans, got their advice and concerns, and included some of their suggestions into his proposed legislation. Apparently, the Republicans think bipartisan support means that the minority party must throw temper tantrums until they get everything it wants.

What these politicians don't acknowledge is that their constituents, the American people, wanted Barack Obama to become president and lead the nation out of its myriad problems. One week after the inauguration, scientific polls showed President Obama with about a 70 percent popularity rating, the highest of any president in his first week. Only 12 percent were negative—the lowest of any president, and that includes George Washington.

In his inaugural address, Barack Obama told the nation "the time has come to set aside childish things." A core of Republicans don't understand this—they have dug in their heels and like Peter Pan are belting out the verse that they don't want to grow up.

If the Republican minority continues to whine, complain, and try to block the nation's recovery, they will cement their future as defenders of corporate greed and petty politics at the expense of the needs of the people.

by Walter and Rosemary Brasch

http://www.walterbrasch.com

Copyright 2009 Walter M Brasch
Rosemary Brasch is a former secretary, Red Cross national disaster family services specialist, union grievance officer, and university labor studies instructor. Walter Brasch is a university journalism professor, syndicated columnist, and author of 17 books. His current books are America's Unpatriotic Acts , The Federal Response to Hurricane Katrina , and Sex and the Single Beer Can: Probing the Media and American Culture . All are available through amazon.com, bn.com, or other bookstores. You may contact Dr. Brasch at brasch@bloomu.edu

Walter Brasch Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in