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For nearly 30 years, the policy practice of deregulating industry has destabilized our economy and produced internal economic bubbles that provided extravagant boom/bust cycles with abnormally sharp peaks and increasingly less distribution of wealth throughout our social structure, such that the Haves' have increased wealth at a massively disproportionate rate over the have Nots'. Those are the facts which are not in dispute.
For nearly 30 years, Executive compensation and Golden Parachutes are up, employee salaries are down, the American Middle Class is being destroyed by the hour and American Middle Class Jobs have been packed-up and shipped off-shore. Those are facts which are not in dispute.
For nearly 30 years, the High School drop-out rates have increased, College tuition costs have increased, College graduation rates have decreased and four year technical degree completions have been cut by more than half, while business related degree completions have increased by more than 275% over the exact same period. These are facts which are not in dispute.
$50 Trillion in global wealth was wiped-out as a direct result of the 2008 global economic implosion. Consumer debt in the U.S. since 2000, has increased geometrically and consumer credit default rates have more than tripled in the same time. Since the invasion of Iraq, in 2003, global fuel prices have driven commodity prices higher and the cost at the pump as well as the grocery store check-out stand were the resultant children and the USD tumbled in value both internally and externally against most major currencies around the world. These are facts not in dispute.
Both, political policy and U.S. corporate practice have brought us to this point. The most deployed political policy over the past 30 years has been that free market reign -aka- Trickle Down Economics. A simple minded economic theory that says: hands off the free market - allow the free market to regulate itself, monitor itself, stabilize itself, and in doing so, the free market will make all the right decisions for the broader economy. Survival of the most fit. Trickle Down has miserably failed our Republic. These are facts not in dispute.
Presidential hopefuls as well as political adversaries, are making the claim that President Obama, is a "failed President," because the economy is not producing the 2.1 million jobs necessary to replace the 8+ million jobs lost under the previous Administration over the prior eight years before Obama's term in office. These are facts not in dispute.
So, here is my question:
If the political and economic policy that helped to cause the 2008 global meltdown, comes from the exact same source that lays failure at the doorstep of President Obama, how is it logically possible for the current set of Presidential hopefuls to have sufficient economic high-ground necessary to provide the policy solutions needed to solve the current economic crisis?
In other words, if you created the problem, when did you magically obtain the credibility, know-how, desire and the will necessary to provide the solution to the problem you created more than eight years ago?
Furthermore, if you created the problem more than eight years ago, what qualifies you to lay blame at the doorstep of those who have attempted to solve the problem that you created, and why should the American People trust you to solve the problem that you could not solve more than eight years ago?
You know - as I sit here over the past 3 years and listen to irrational, illogical, unsubstantiated, unproven and massively hypocritical attacks on President Obama, for not cleaning-up the mess left behind by his political adversaries fast enough, I'm reminded of reminded of the little African American Slave boy who gets whipped by his Slave Master for not cleaning up the spilled Whiskey fast enough, left behind by the "Master" himself.
President Obama, has had to play the role of Janitor In Chief, for the past 3 years - cleaning up a global toxic waste dumping zone left behind by those seeking Iraqi PSA Oil contracts and Derivatives profits from destructive financial bubbles that were engineered and arranged by the very same people who have since turned their back on the President and now label him as "failed."
If that is not the very definition of twisted, then I don't know what qualifies.
- Create the regulatory environment for the mess
- Create the rules for how the mess turns into a bubble
- Create the trigger for the fall of the mess
- Execute the mess
- Get reimbursed for the mess you created by tax payers
- Sit back and lay blame for not cleaning up the mess fast enough
- Run for President and proclaim that YOU have the fix for the mess
What a sales job. And, what's even more disgusting is the fact that millions of Americans will buy it.
How reprobate have we become as American Citizens?
the credit downgrade was aCongressional problem, not a presidential one. The legislative branch controls the budget, not the executive branch
the credit downgrade was aCongressional problem, not a presidential one. The legislative branch controls the budget, not the executive branch
the credit downgrade was aCongressional problem, not a presidential one. The legislative branch controls the budget, not the executive branch
So the president has no input into the process, including the power to veto?
the credit downgrade was aCongressional problem, not a presidential one. The legislative branch controls the budget, not the executive branch
Thank you, Caption Obvious! Democrats Congress went over 2 years without even presenting a budget!
How about we at least get honest enough with ourselves long enough to admit that we can no longer continue the prolonged use of petroleum based fuels and that a new primary energy source is not only good for the ecologyI'm curious, how do you spin his shutting down of the oil and gas exploration and drilling in the gulf and the resulting unemployment and hardship of the gulf comunities?
What would you prefer anyway?
Do you suggest that we execute yet another Deep Water Horizon type oil spill?
Why extend the potential probability for even more devastation being unleashed in that region?
From employment? This prez already hasWhy not give the people of the Gulf Coast a break?
the credit downgrade was aCongressional problem, not a presidential one. The legislative branch controls the budget, not the executive branch
Thank you, Caption Obvious! Democrats Congress went over 2 years without even presenting a budget!
yes, they are rather slow. There are also republicans in Congress as well.
Thank you, Caption Obvious! Democrats Congress went over 2 years without even presenting a budget!
yes, they are rather slow. There are also republicans in Congress as well.
Not surprisingly, you're totally wrong, stupid fucking retard that you are.
Dems failed to deliver a budget when they had their vetoproof majority! That's how badly they wanted to take down our credit rating!
The Republican House passed cut cap and balance.
Get a fucking clue, then respond
Extorting the Bankers! Hello?
We are talking about the very same people who crashed our economy and you are claiming that they were extorted to take money that they did not want? That's rich.
he got a response because he said something worth responding to.
you got negged because you're a moron.
