President Obama: Protect America From Economic Terrorists

Beneath the Spin * Eric L. Wattree

President Obama: Protect America From Economic Terrorists

The primary reason that the American people are suffering is because President Obama is allowing the GOP to define our priorities. The very worst thing that could ever happen to the Republican Party is for the economy to improve, people to start going back to work, and for the American people to be happy during the next election. So the GOP has a vested interest in seeing to it that the American people are hungry, miserable, and divided until after the 2012 election. 
.
In fact, the plan is to keep us hungry and miserable beyond the 2012 election, because the overall game plan is to lower the American middle-class standard of living to conform to the new global economy. Instead of enhancing economic uniformity by fighting for the rights of workers around the world, as we've done in the past, they've now decided that it would be easier and much more profitable to simply lower the American standard of living.
.

The GOP is accomplishing this agenda by turning common sense on its head. They’ve been running around telling any and everyone who will listen that the way to improve the economy and create jobs is by funneling all of the nation’s wealth to the rich, and then cutting spending - that’s politispeak for cutting all programs that will put a dollar in the pocket of the poor and middle class. But that’s exactly what we don’t need, because jobs are not created by the rich. Jobs are created by the poor and middle class spending money on goods and services. That results in businesses having to hire workers to produce those goods and services.

.

For this reason, Republicans are in Washington blocking any and everything the president does to stimulate the economy, and at the same time voting for every measure that they can come up with to keep money out of the hands of the American people. They’ve voted against extending benefits for the unemployed, they’ve voted against funding benefits for 9/11 first responders, and House Republican Leader, Eric Canter, has even threatened to block disaster relief for states hit by Hurricane Irene unless President Obama agrees to more budget cuts to offset any emergency funding. They know that as long as the American people don’t have money to spend on goods and services, unemployment will stay high and they’ll have a much better chance of regaining power. So essentially - no, literally - the GOP's best interest lies in engaging in economic guerilla warfare against America. Rush Limbaugh said it most plainly -"I want President Obama to fail." So in short, they want America to fail.

.

The GOP is engaged in a confidence game against America, but a grossly uninformed American public keeps going for it over and over again. Once one generation finally catches on, the GOP will simply wait eight years and run the very same game all over again on the next generation. They’ve been running the very same game for at least a hundred years. They’re currently telling the American people the very same lie that Ronald Reagan told us thirty years ago.

.

I pointed out the pattern in my article, "The GOP: A One Hundred Year Record of Swindling the American People":

.

"One would think that conservatives would have seen the light, but their passion to further enrich the wealthy at the expense of the middle and lower classes seems to supersede all logic. Therefore, from the moment that the New Deal went into place, conservatives have been determined to dismantle it. The closest they've come to succeeding started during the Reagan administration with Supply-Side Economics, or, "Reaganomics" - and the battle is currently raging in Washington, D.C. as we speak.

.
"Supply- Side Economics was a scheme hatch by U.S.C. economist Arthur Laffer and the Reagan crowd which was supposed to cut the deficit and balance the budget. The theory behind Reaganomics was ostensibly, if you cut taxes for business and people in the upper tax brackets, and then deregulated business of such nuisances as safety regulations and environmental safeguards, the beneficiaries would invest their savings into creating new jobs. In that way the money would eventually "trickle down" to the rest of us. The resulting broadened tax base would not only help to bring down the deficit, but also subsidize the tremendously high defense budget. When the plan was first floated, even George Bush, Reagan's vice president to be, called it "voodoo economics."

.
"Reaganomics, for the most part, sought to undo many of the safeguards put into place during the Roosevelt era and create a business environment similar to that which was in place during the Coolidge Administration. What actually took place, however, was even more like the Coolidge era than planned.
.

"Instead of taking the money and investing it into creating new jobs, the money was used in wild schemes and stock market speculation. One of these schemes, the leveraged buy out, involved buying up large companies with borrowed funds secured by the company's assets, then paying off the loan by selling off the assets of the purchased company. This practice cost the citizens of this country its industrial base. In addition, the bottom fell out of the stock market. On Monday, October 19, 1987 the Dow-Jones Average fell 508.32 points. It was the greatest one-day decline since 1914 - 15 years before the Great Depression.

.
"And what about Ronald Reagan's promise to balance the budget and lower the deficit? By the time he left office he was not only the most prolific spender of any president, but he also added more to the deficit than all of the other presidents from George Washington to his own administration combined. And what does the Republican Party propose to do about that? One of the Republican proposals was their "contract with America," a capital gains tax cut - for the rich.

.

But what’s so curious about the current situation is, this time, even though we have extensive video and internet documentation of the disaster that took place under both Ronald Reagan, and later, George W. Bush, both Obama, and the news media, are simply ignoring it as though it doesn’t exist. They’re simply sitting around debating this Republican scheme as though it's a perfectly legitimate and viable option, while they have unequivocal proof that's it's nothing but a scam against the American people, and has been proven as such time and time again for decades.

.
They could blow GOP claims completely out of the water with just one carefully edited video. They don't even need a video - everything the GOP is proposing was in place during the Bush administration, yet Bush's eight-year reign created the biggest economic disaster since the Great Depression. So it’s extremely curious to me why neither Obama, nor the news media, will simply say, these people are running a game on you - look. 

.
While I’m not prone to buying into conspiracy theories, this an issue that we really need to take a look at. Why are both political parties, and the media, going out of their way to completely ignore facts that are so glaring that we have to shield our eyes to keep from going blind?

.


.

Eric L. Wattree
Http://wattree.blogspot.com
Ewattree@Gmail.com
Citizens Against Reckless Middle-Class Abuse (CARMA)

Religious bigotry: It's not that I hate everyone who doesn't look, think, and act like me - it's just that God does.

Sphere: Related Content