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Archive for November, 2010

from Ron Williams…

In the October 29, 2010, edition of the Wall Street Journal (The Potential Pitfalls of the Winning Big) reporter Gerald F. Seib wrote, “In an interview with National Journal out this week, Senate Republican leader Mitch McConnell was asked what his party’s main political job will be after next week’s election. He gave a surprisingly stark answer: “The single most important thing we want to achieve is for President Obama to be a one-term president.”

At a time when the country is fighting a major war, facing a severe economic recession that rivals the Great Depression, and having the largest federal deficits in the country’s history, it is telling to see that the focus of the Republican Party is not to address any of the great problems facing this country.  Rather, their focus is on politics as usual.

And the fact that the American public is about to give them the same Party and laid the groundwork for most of these problems seems to me say that we are a country of amnesiacs.  When President Bill Clinton left office we had budget surpluses, we were not at war with anyone, and the economy had not collapsed.

Then we had eight years of Republican governance.

The Republicans had control of the Executive Branch and both houses of Congress.  What did that get us?  The answer is two foreign wars, the budget deficits, and the beginnings of the great recession.  All were precipitated on the policies of the Bush administration and a Republican Congress.  The Republican governance approach was underfunded budget cuts for the very wealthy and deregulation of just about every industry. Now, it seems that both they, and apparently a significant portion of the American populace, have forgotten what a disaster Republican governance games this country and are prepared to allow the return of those same disastrous policies.

I fear for this country. Example, the governor of New Jersey has just canceled the Tunnel Project, and has ended a project needed for the future transportation needs of the Northeast region.  During the Great Depression it was just the sort of New Deal Projects that helped jumpstart this country out of the Great Depression.  Republican politicians these days cancel these projects.  We see Republican and Tea Party candidates stand their time sending racist and sexist e-mails around the country with others focus on anti-masturbation campaigns and witchcraft issues.

We see a Republican Party which has as one of its favorites ex-governor Sarah Palin, a politician who has yet to complete the term for any office she has been elected.  I’m amazed to think that anyone would support a politician who resigns from office midterm to pursue other financial interests and then expect you to support their election to the next higher office.  It is one thing to leave an office to run for a higher office, it is something else to quit an office to be a commentator on Fox News.  And Tea Party members want this woman to be our next president?

I despair for this country.  Democrats have had control of the Executive Branch and both houses of Congress for the last two years.  President Obama was elected on a campaign promise of putting forward major social and economic changes.  Instead of using that control in both houses and the Executive Branch to make good on these promises, President Obama and the leaders in the House and the Senate spent two years dickering with Republican Senate and House members (who was declared goal was to block every single legislative program with the express purpose of capturing more seats in the midterm elections.) And that is exactly what has happened.  Democrats have not had the guts to push their own agenda.  I believe they deserve to lose.  If you don’t have the courage of your convictions, then perhaps you use should not lead.

I believe the 2008 and 2010 election cycles are based on the electorate crying out for leadership. I think most of us feel the country has been headed in the wrong direction for the last ten years and wanted a change. They asked for that with the election of President Obama.  He has failed to deliver.  For example, the health care bill did not go far enough.  He did not cause runaway health-care costs to be reduced for the average Of American.  He spent too much time dickering with the healthcare industry (the folks who are causing the cost run-up in the first place) and with Republicans (again those people whose only goal in life is to recapture the presidency).

It is the same thing with re-regulation and control of the financial industries. The regulations being put in place today are being written by the same group of Ivy League financiers that gave us the problem in the first place. The regulations do not go far enough in controlling this industry. The American public knows it and is angry.

Last year, there was an uproar when the same bankers who caused the financial meltdown were being awarded large bonuses. In answer to this outcry, the Ivy League financiers trotted out the argument that the bonuses had to be paid because of “contractual obligations”. The problem is that we all knew that the Ivy League financiers knew about these large contractual bonuses when they were negotiating the bailout of these major banks.

During this bailout, detailed contracts were being renegotiated and new terms set in place. These individual contracts, with their large salaries and their scheduled large bonuses, could have and should have been renegotiated at that time. If an individual refused to accept these renegotiated terms, then their employment could have and should have been terminated. With economy as tough as it was unsure that they would have accepted those terms.

Further, with all of the layoffs in the financial industry, it goes without saying that finding well-qualified individuals to fill the spots of those who quit would not be hard to come by. This is what happens to the steelworker, on a file clerk or even the PhD executive. In this economy, there’s always someone willing to take the job in a lower, more reasonable, salary and to forgo bonuses. If this wasn’t, so it seemed like politics as usual. And this is going to cost the Democrats in the election.

It is activity like this that is fueling the anger on the Right, and that the lack of enthusiasm on the Left.

I would not despair if the Republican Party had more to offer than tax cuts for the wealthy and the slashing of any program that supports the elderly, poor or the disabled and a return to the deregulation of any and all industry. These programs have proven to be disastrous and there’s no reason to believe that going back to them would do anything other than bring on more of the same.

I would not despair if the Democratic Party could find its way clear to have the courage of its beliefs and fight for their policies as hard as the Republicans fight for theirs.   But it seems as if the Democrats won’t, so I despair.

[Ron Williams is a frequent quest writer on this site.  He is a former attorney and a current Texan living in a free country with changing contingencies.]

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