Tuesday, April 26, 2011

The real issue in the economic debate: “jobs, not deficit reduction”

An unemployment line. Photo courtesy of 111274.blogspot.com.

The talk coming out of Washington lately from both the GOP and the Administration cannot be reassuring to seniors who rely on Social Security and Medicare, the unemployed, and others among the nation’s poor. But no doubt the five percent of the population in the U.S. that claims 63.5 percent of the nation’s wealth are feeling on top of the world.

John Nichols at the Nation calls President Obama to account for allowing the GOP to take control of the debate in fiscal matters.

Nichols writes:

Republicans never cared about deficit reduction when George Bush was president.

And, for the most part, they don’t care now—as evidenced by broad GOP support for House Budget Committee chair Paul Ryan’s plan to keep the budget out of balance until 2040 while clearing the way to begin streaming federal Social Security and Medicare and Medicaid dollars into the coffers of Wall Street speculators and insurance-industry profiteers.

But Republican leaders do care about controlling the debate. When the country is focused on an overblown debate about debts and deficits, that forecloses discussion about the serious economic and social challenges facing the nation. It also forecloses discussion about holding bankers and CEOs accountable for irresponssible and illegal practices that have done far more harm to the nation’s fiscal stability than retirees and the children of low-income families who need a little healthcare.

President Obama’s decision to mimic GOP talking points when it comes to fiscal matters has done more damage to his poll numbers—and Democratic political prospects—than anything said or done by an almost hopelessly inept Republican team.

And one Democratic congressman is calling the president out on the issue.


1 comment:

  1. As more and more infrastructure is built up in the United States, reducing communication and transportation costs becomes a bigger and bigger issue.

    Enter Satellites. Satellites are both communication and transportation friendly, while also killing jobs.

    One possible solution would have been to share the profits from satellite technology with the generation that laid the foundation for its creation. Instead, satellites have been used to crush the very people who helped make satellite technology possible.

    It's right out a scene from the movie Breaking Away.

    ReplyDelete