Good Morning Bloggers - Well, it looks like George W. Bush is leaving office having eliminated nearly 4 million jobs and leaving us in a nightmare of a recession, and don't forget about the $5 trillion in new debt - out of an $11 trillion total - he and his Republican friends will leave us as a parting gift. Bush is a failure on a colossal scale. Few can fathom the depths of his blunders, since the numbers and the problems are mind-numbing, staggering and sad.
The official unemployment rate is now at 7.2% and when you throw in the under-employed and those who simply fell out the system, economists say it's more like 14%. Of course the far right is already saying that it's the Democrat's or Obama's fault, but the rest of us know better. They were in charge - despite their ignorant belief we were after the 2006 election, filibusters be damned - and they destroyed our system. Now we need to tune them out and pick up the pieces.
So, despite the bad news, I chose to rave this morning. Why? Because I choose to remain optimistic. One way to remain optimistic and start the healing process is to reflect on success in the past. In 1992, when Bill Clinton was elected President, the American economy was barely creating jobs, wages were stagnant, and the unemployment rate was 7.5 percent. Sound familiar? That was under another Republican, and a Bush. I guess the Republicans loved those days so much they elected his son to do it all over again.
Obama's new economic plan is similar to Clinton’s at that time, however, whereas Clinton focused heavily on fiscal responsibility and debt reduction, Obama is forced to to renew parts of Roosevelt's New Deal. His bold economic strategy is focused on: government spending designed to spur growth, investing in education, and health care reform.
Once the bleeding has stopped, he also wants to focus on investing in green energy and other new industries. It's sill unclear what he'll do about Clinton's love of trade deals, so I guess we'll have to wait and see. I only hope he cares more about FAIR TRADE at the expense of free trade.
Still, if you consider what Clinton achieved, the strategy helped create over 22.4 million jobs and contributed to the longest economic expansion in U.S. history. WOW! Despite the idiotic opposition that always tries to take credit for the good while passing the buck on the bad, Democrats should be confident that we have what it takes to fix what George Bush and the Republicans broke.
So, let's try to be optimistic. Obama is not just a new beginning, he's a brilliant man, well suited to fixing the mess we're in now. He's working on creative solutions, perhaps taking the best of Clinton while adding his own bit of ingenuity.
That's what is so cool about the American system. Over the past eight years we Americans, or at least Democrats, have been envious of other countries with Parliamentary systems. We all know Bush would have suffered a vote of no confidence years ago. Our system is flawed, but the abusive presidents like Bush are few, while the number of very good, creative presidents, who accomplished great things, are clearly the majority.
So, we should be happy despite the nightmare. Yes, we sustained a great deal of damage, the unemployment rate continues to skyrocket, but the ship of state is still afloat, and we have a captain who understands what must be done to repair her. It's not going to be easy, but then again, tough times aren't meant to be easy. They're meant to challenge, test people of good character, weed out the bad, and create new solutions. America always gets a fresh start. Soon we shall have it.
Friday's Political Rave #1 - Michael
Friday, January 9, 2009
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6 comments:
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Great post, Michael. I 100% percent agree with you. I wrote something very similar the other day:
Interesting that last time the unemployment was this high was right after a republican administration and specifically a bush administration.
As he said "Fool me once, shame on " shame on you. Fool me " you can't get fooled again." - W
May this be a lesson that republicans (and especially bushes) cannot be allowed in the white house EVER again.
"interesting that last time the unemployment was this high was right after a republican administration and specifically a bush administration."
I can see by yours and Boh's pictures that you are probably to young to remember the Carter years and the mess he left for Regan, unemployment was running in double digits, any where from 9.7 to 10.2 throughout most of the country more than 3% higher than today and to come in here and make a statement like above is totally dishonest.
Inflation was out of control, to buy a house the interest rates were from 15 to 20%, you could only fill up your car with gas on certain days depending on whether your plates ended in a odd or even number, and believe me the lines were long, this happen because Carter put a windfall tax on the evil oil companies.
Why is it when the MSM talks about the economy of today and the past they leave out the Carter years and go all the way back to 1945?
I will tell you why, it is left wing propaganda at its best aimed at feeble minded little people who they know will buy into their bull-shit.
Thanks Jim - it's amazing how Republicans THINK they're good at economic policy, but history shows us otherwise. GhostRider, I'm sure most Democrats would agree that Jimmy Carter was not a good leader for the economy - he was an exception. His skills obviously lay elsewhere, like Middle East peace. It is an historic fact that Democrats are more responsible OVERALL for a healthy middle-class, while Republicans are more responsible for a rollercoaster ride of hits and misses. The difference is we admit when we do poorly, whereas most Republicans seem to refuse to admit when their guys screw up. This will undoubtedly be a more honest debate when you admit how your guys screwed-up. MB
Boh you are just like all of the other bloggers and politicians right or left wing, you never admit to anything or take responsibility, you just point the finger at the other person so do not try I bull-shit me, and to prove my point go back and read your own post nothing but finger pointing and blaming others when we know the government is responsible right from the top to the lowest levels this includes the President, Vice President, both leaders of the houses and all of it members whether they be Democrats or Republicans.
I don't know where to start. How about, I don't agree with you AT ALL. I've admitted to many mistakes on my side of the aisle, so you are mistaken. Yes I point the finger, since that is what you do on a blog. What the hell do you expect? I do it with good reason. I love blogging, but either make more sense or stop wasting my time. MB
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