Republican Debt Perception

Good Morning Bloggers! Since I seem to have drifted into my summer season, which is more about playing outside than writing about politics, I'll still do my best to get angry about something. Let's see, how about what I like to call the most recent Republican Brainwashing Initiative (RBI 2.0). Let's face it, the majority of them (non-tea-party-folk) have been relatively silent for a while. I think that seems to be changing.

I think our Republican friends are beginning to stir a little more these days. It seems they've been listening to FOX "News" (RBI central) long enough now [since their election losses] for some of their more heinous brainwashing to take full effect. At least in my world, they've begun to share. They're beginning their usual blame game, and unfortunately facts have little to do with how they assess or assign blame.

The lies have begun to flow like girly-poop in a man-sized Texas toilet. In the same way Ronald Reagan's fake legacy blossomed after a a few years (I guess they forget faster these days - must be the drugs in our water), George W. Bush is beginning to emerge as a competent president who ran a highly successful foreign policy and economy. The signs are there that he is destined for honor and glory within the party. I must admit, you have to admire them for their ability to turn anybody, even the biggest loser, into a hero.

Unfortunately, and equally perplexing, President Obama is now the one responsible for everything bad that's happening in the world - especially the bad bits they're mostly responsible for.

I could ramble on (as I usually do - to get the facts right) with a laundry list of BS they're beginning to buy into again, but that would be exhausting for all of us, and I want to go play outside. So, let's focus. What are the far-right screw-ups - the ones who drink their own Kool-Aid - really annoying me most about these days? What propaganda pisses me off the most?

I know! It's that latest false factoid being spewed on FOX "News" day and night these days - not to menation the lesser media minions. Hannity, O'Reilly, Cavuto and the rest are all talking about it ad nausea. They even have their creepy-crawlies Coulter and Matlin carrying the water on other networks. I guess it must be an edict from the top, wherever that top is these days.

What is it? It's their claim - which my friends and family now believe - that Barack Obama has now contributed more to the federal debt than any president before him. It's BS, but they keep saying it.

The claim is outrageous. It has no bases in fact. The federal debt remains the responsibility of the Republican Party, since their leadership created over 90% of it. Barack Obama has contributed to less than 1% of the federal debt so far, and his annual budget deficit is still overwhelmingly the product of George W. Bush.

A matter of fact, George W. Bush is reponsible for contributing the most to the federal debt. Now that's a fact you can take to the bank.

Of course, the far-right will ignore the obvious facts. A matter of fact (sorry, it's a fun word), I'm pretty sure we'll have somebody crapping those very same Republican BS-talking points in response to this very post.

As always, the Republicans are lying to the American people and to themselves. As you can see by the chart above, George W. created the largest annual deficits in American history. Incredibly, those annual deficits would be even higher if war borrowing had been included on the federal books. Barack Obama has included those negatives since taking office, which has increased the debt

I know it had to be done, but I wonder if the Republicans will get away with painting us with their own stink of irresponsibility. Unfortunately, our own honesty may become a liability in 2012.

In my humble opinion, because of these and other lies, the Republicans have no honor. They are liars, plain and simple. The Republican leadership/elite will do or say anything to regain their power, and that includes massive doses of propaganda. We can only hope the American people will not fall for it again. "Fool me once, shame on you; fool me twice, shame on me." Let's hope that shame remains a distant memory.

Just to be clear, the facts about the federal debt are simple. I have reviewed them on this blog numerous times. The overwhelming majority (over 90%) of today's federal/foreign debt was created during the leadership of the Republicans. They borrowed to lower taxes. It was done mostly under Ronald Reagan, George Bush, and George W. Bush. Bill Clinton lowered the debt. Those are the facts (see the chart below).

Like most Democrats, I can't stand the way President Obama is forced to spend to salvage today's broken economy, but to blame him for the debt is tantamount to blaming the Democrats for starting the Iraq War. They may have been involved to some degree, but the blame lies clearly at the feet of the Republican Party.

I will probably be writing about some of the other bits and pieces of propaganda the Republicans are pushing these days, but let's leave those for another time. Today it's all about the way they're lying about the money.

What do we ordinary American citizens do? We do what's right, and tell the truth. Please, keep talking to your friends and family about the facts. Tell the truth about the lies. I don't care how many times we have to say it, it's important to get our message out. WE ALL NEED TO TELL THE TRUTH!

WE MUST NOT allow those at FOX "News," or similar-slimy-corrupt-propaganda-fake-news-outlets, to poison the minds of the American people. We need to keep reminding our friends and family the truth about what really happened, and most important, about what really went wrong.

Thursday's Political Rant - Michael

PS - I know most have to work, but I'm taking a break at noon to join a group of protesters in front of Dianne Feinstein's office on Santa Monica Boulevard at noon this afternoon. If you're in LA, please consider joining us to call on her to support a strong public option as part of health care reform. If not, please think about contacting your representatives. It's the only way to prevent the private-sector from robbing us of affordable health care. Thanks - MB

Are You Sure About This Mr. President?

Good Morning Readers! I must admit that after reviewing the Obama Administration/US Treasury's new plan to buy up toxic assets clogging the financial system, I've decided to join with Paul Krugman and call the plan ill conceived and misguided.

I hope it works, but Krugman sounds wise when he questions President Obama's - the plan's - trust in the banks and the bankers. That could lead to billions more being wasted on Wall Street scam artists, and we cannot now afford the risk.

The "Public-Private Investment Program for Legacy Assets" will be funded with $75 to $100 billion dollars from the government, which officials say could lead to private investors generating "$500 billion dollars in [immediate] purchasing power." They also say the plan could expand to one trillion dollars of government investment if necessary. That sounds expensive and risky to me. How about you?

However, God forbid, I don't wish to say NO for the sake of it, like most Republicans these days. How about a friendly YELP! to signal serious worry and slight panic. There's no way around it, I - probably like most Americans - am worried about any plan that involves the banks right now.

Wow, I can't believe I'm questioning President Obama so soon after writing a piece just a few days ago suggesting how we should all support him during these dark days. I just hope you know what you're doing Mr. President, because it's too complicated for most of us.

The hitch in the giddy-up as a friend of mine likes to say (I call him Rumsfeld-like when he says it) is that we are being asked to TRUST WALL STREET again! It sounds insane! How many times do we have to risk getting burned by these greedy, low-life scumbags. I guess President Obama knows what he's doing, but the rest of us don't seem to have a clue.

Paul Krugman rightly points out how sick the banks are, and how they show no signs of improving their lending skills anytime soon. Without some kind of government institution forcing them to act, it seems unlikely that anything will change - at least to help average Americans. I guess Secretary Geithner knows something we don't know, but I doubt it.

Krugman's opinion in the New York Times gives me the feeling he sees President Obama's optimism about the market as a liability. I kind of do too. I guess we could be wrong, but he seems to trust the Wall Street brain trust too much. For God's sake, they got us into this mess! The whole thing is quite unnerving.

I'm sorry Mr. President, I support you and trust you, but this one scares me. I think you would be better off taking a more radical approach, perhaps one that sidesteps, or at least controls, Wall Street more. I just don't see the motive for the banks. With all due respect Mr. President, the plan doesn't sound like it goes far enough in terms of financial control and [middle-class targeted] impact, sir.

Krugman says it best. "The Geithner scheme would offer a one-way bet: if asset values go up, the investors profit, but if they go down, the investors can walk away from their debt. So this isn’t really about letting markets work. It’s just an indirect, disguised way to subsidize purchases of bad assets." That makes me VERY NERVOUS!

I trust the President, but I also want to go on record that I don't trust Wall Street and the American banker. Their reputation is ruined. They have proven themselves crooks and cowards, and I have no patience for any of them. I will support you Mr. President, but I think you may be risking a lot on this one.

Tuesday's Political Rant - Michael