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Category Archives: 2012 Election

Reagan raised taxes on corporations

The conservatives of today live in a fantasy world, claiming to be Christian while genuflecting before icons of their chosen Messiah, Ronald Wilson Reagan; all have this vision of the Gipper with his tax cutting sword Excalibur flying through the halls of Congress slashing taxes and blessing the land with myriad tax cuts – reality check, while Reagan cut taxes his first year in office, it soon became clear his doctrine of supply side, trickledown economics was voodoo and that it wasn’t working, hence, for almost every year thereafter he raised one tax or another. It wasn’t the tax cuts that fed the government coffers, and fueled the start of economic recovery, it was the tax increases.

One such tax increase was in 1986, when on the south lawn of the White House under a beautiful sunny fall morning, Cabinet members, leading lawmakers and a large crowd applauded as they witnessed President Reagan sign into law the Tax Reform Act.

In order to get to this momentous bill signing, the President had to go to Capitol Hill to knock more than a few fellow Republicans heads together; all members of the House who had earlier blocked the measure – sound familiar?

“I think all of us here today know what a herculean effort it took to get this landmark bill to my desk,” Reagan said to the assembled crowd.

The Tax Reform Act of 1986 took the largest share of the country’s tax burden off the shoulders of the “really poor” whom Willard Mittens Romney “doesn’t worry about” and the middle class and placed it squarely on the corporations; it exempted millions of households of the “really poor” from any federal income taxes. Reagan called it “a sweeping victory for fairness” where “vanishing loopholes and a minimum tax will mean that everybody and every corporation pay their fair share.” The act was designed to be tax revenue neutral, because individual taxes were decreased while $30 billion annually in loopholes were eliminated and corporate taxes were increased

According to National Public Radio (NPR) it took more than two years to produce that tax code overhaul, and during that time, President Reagan went on the road to plead his case for the plan. At a high school in Atlanta, Ga., in 1985, Reagan said they were going to “close the unproductive loopholes that allow some of the truly wealthy to avoid paying their fair share.”

In Congress, Democrats and Republicans worked together to merge competing proposals for tax reform, and some like Democratic Senator Patrick Leahy of Vermont says it was a different era.

“We had a lot of grownups in both parties, people who actually wanted the government to work,” Leahy says.

Yes you did Senator; you had what the current crop of Republican Tea Party (GOTP) members’ lack, maturity. The GOTP thinks it’s slick in portraying the uber-rich as the victims of the tax code; a code which allows a multi-millionaire to hide his money in the Caymans and in Swiss bank accounts and pay a mere 13% in taxes. The GOTP needs to read its own history, and see what its hero saw, that the rich don’t suffer under some stifling tax burden, that the economy isn’t struggling because the rich pay too much, but because they pay too little while everyone else carries the load. Reagan’s signature leveled the playing field while George W. Bush made it catawampus, tilting wildly in favor of those who didn’t need help. Reality check, Willard Mittens Romney, and his class – the deified  1% aren’t paying its fair share, they’re paying nowhere close to it and Mitten’s current tax proposal will decrease the current tax levels on his group to zero while raising taxes 60% on the middle class and poor. I had the very great privilege to work for and to know Ronald Reagan, and Mittens is no Ronald Reagan.

 
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Posted by on February 2, 2012 in 2012 Election

 

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Mittens doesn’t worry about the poor?

Republican Tea Party (GOTP) presidential heir apparent Willard Mittens Romney has put his silver foot in his mouth again, saying that he’s “not concerned about the very poor,” citing the social safety net in place for that segment of the populace and adding that he’s focused on the middle class.

“I’m in this race because I care about Americans. I’m not concerned about the very poor. We have a safety net there,” Mittens said on CNN, following his victory in the Florida primary.

“We have a very ample safety net,” said Romney. “And we can talk about whether it needs to be strengthened or whether there are holes in it. But we have food stamps, we have Medicaid, we have housing vouchers, we have programs to help the poor.”

This sounds very familiar, where have I heard another rich man say something similar? Oh yeah, I remember.

“Are there no prisons?”

“And the union workhouses – are they still in operation?”

The problem is that programs in Mitten’s “safety net” are also suffering during the economic recession. Medicaid, for example faces cuts as states attempt to balance budgets at a time when more people are using the program and the GOTP lawmakers in Congress are eyeing cuts in food stamps as food prices rise, even as more Americans are using the program.

According to the Huffington Post, Mitten’s policies call for cutting federal spending and reconfiguring the “social safety net”, as well as an immediate five-percent cut to non-discretionary spending, hitting those in the “safety net” especially hard. Willard’s also proposing turning Medicaid into a block grant program and undertaking a “fundamental restructuring of government programs and services.” He also calls for capping spending at 20 percent of GDP – a significant cut – and adds that he “will pursue further cuts” as spending comes “under control.” Claiming not to “worry” for the very poor actually appears to mean he “doesn’t care” about them.

This though isn’t the first obtuse thing Mittens has said during the campaign, it’s really just one more misstatement in a whole season of previously poorly phrased remarks, “Don’t try and stop the foreclosure process. Let it run its course and hit the bottom,” he said last October in Las Vegas, the hardest-hit metro area by the foreclosure crisis.

In January, Romney said, “I like being able to fire people who provide services to me” to explain why he favored competition among health insurers. “If someone doesn’t give me the good service I need, I want to say I am going to get somebody else to provide that service to me.”

Mittens isn’t someone who should ever speak without prepared statements; in fact, if I were a handler, I’d rather have George W. Bush speaking off the cuff than having Romney do so. He just doesn’t get it; he doesn’t understand every mic is hot, and every time he speaks there’s going to be a camera recording. On top of that, his statements reveal what kind of man he really is – maybe one day he’ll have a Jacob Marley visit him too.

 
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Posted by on February 1, 2012 in 2012 Election

 

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Is Newton going rogue in 2012 election?

Is it possible the time is fast approaching when the Tea Party is going to actually jump ship and splinter the Republican Party?

It appears Newton Leroy Gingrich gave a veiled threat of such a possibility in his “concession” speech after being absolutely pummeled by Willard Mittens Romney in Florida (Newt lost by 14 points). During the speech there appeared to be, what the Huffington Post is reporting as “strains of what could be an independent, third-party run for the White House if he doesn’t get the Republican nomination”.

Newton’s beginning to sound more and more like a B-movie villain monologuing on how he’s henceforth not running a “Republican campaign but a people’s campaign” – and raising, according to Huffington, “the specter, at least rhetorically, that his vision of his role in American history is too large and personal to be contained by a mere political party”. If really wants to pull this off though he needs to buy a really ugly hairless Sphinx cat and call it Mr. Bigglesworth. Wearing the silver jump suit is of course optional.

But can Dr Strangepuff really pull off a third party victory? Well, let me think … (try to stop laughing hysterically … wipe tears from eyes …) no. If Teddy Roosevelt couldn’t do it this overinflated egotistical caricature of a human being certainly won’t be able to; what he will do is siphon off the uber-conservative cracker vote from Mittens, and propel President Obama to the largest landslide victory since Reagan.

To his crowd of ardent followers Newt pledged in an allusion to the Founding Fathers and the Declaration of Independence, “If I become your president, I pledge to you my life, my fortune and my sacred honor.”

Any candidate should know better than to pledge things they either have no intention of giving or lack; Newton has no intention of ever putting his life on the line, this is all about claiming a foot note in history next to Teddy and Ross Perot; he’s also certainly not going to part with his fortune; lastly, it’s a pie crust promise to pledge honor when you possess none.

There’s a very strong chance Gingrich will run as an independent because he has to leave the 2012 stage as something more than the right-wing nut job buffoon who got his clock cleaned by the likes of Romney, and it’s much better to go down as the independent candidate in the general election than the second banana in the GOTP primary, especially if you drag Mittens down with you. Yes, he’s that mean, and that egotistical.

Oh, you should probably be prepared for more allusions of Newt being today’s William Wallace, George Washington and Robert E. Lee.

 
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Posted by on February 1, 2012 in 2012 Election

 

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Latest 2012 Presidential Polls – 30 Jan 12 (pre-Florida Primary) Edition

After spinning wildly down the track following the South Carolina Primary, the Republican Tea Party (GOTP) nominating circus, specifically the GOTP clown car, appears to be spinning back into Mitten’s favor; but can Romney pull out the nomination in the long run? Newton’s claiming he’s in it all the way to the convention – time will tell.

The current regular season records for the remaining four GOTP candidates are Gingrich 1, Santorum 1, Romney 1 and Paul 0; never have three separate candidates won the first three GOTP caucuses/primaries – NEVER; clearly the party doesn’t want Mitt, but can’t decide who it wants instead of him. Do they go with the crazy uncle in the attic, the over-the-top gay bashing brother, or the adulterer?

Concerning Florida’s Primary, a new Insider Advantage poll of likely voters conducted 29 Jan 12 has been released and the current poll results are: Romney 36; Gingrich 31; Paul 13 and Santorum 11 with 9% undecided.

There’s nothing new no new polls for the upcoming Nevada Caucus (4 Feb 12) where Romney led in the last Las Vegas Review-Journal poll of registered voters conducted 12 – 20 Dec 11: Romney 33; Gingrich 29; Paul 13 and Santorum 3 with 22% undecided.

The Maine Caucus’ (4 Feb 12) last PPP (D) poll of registered voters conducted 28 – 31 Oct 11: Romney 24, Gingrich 18, Paul 5 and Santorum 2 with 51% undecided.

Colorado Caucus (7 Feb 12) last PPP (D) poll of registered voters conducted 1 – 4 Dec 11: Gingrich 37; Romney 18; Paul 6 and Santorum 4 with 38% undecided.

Minnesota Caucus (7 Feb 12) last PPP (D) poll of likely voters conducted 21 – 22 Jan 12: Gingrich 36; Romney 18; Santorum 17 and Paul 13 with 16% undecided.

Michigan Primary (28 Feb 12) last EPIC-MRA poll of likely voters conducted 21 – 25 Jan 12: Romney 31; Gingrich 26; Paul 14 and Santorum 10 with 19% undecided.

Arizona Primary (28 Feb 12) last PPP (D) poll of registered voters conducted 17 – 20 Nov 11: Gingrich 28; Romney 23; Paul 8 and Santorum 3 with 38% undecided.

Super Tuesday (6 Mar 12)

Georgia Primary Mason-Dixon poll of likely voters conducted 12 – 14 Dec 11: Gingrich 43; Romney 21; Paul 4 and Santorum 1 with 31% undecided.

Ohio Primary Quinnipiac poll of registered voters conducted 9 – 16 Jan 12: Romney 27; Santorum 18; Gingrich 17 and Paul 10 with 28% undecided.

Virginia Primary (where only Romney is on the ballot – can you spell FIX?) Quinnipiac poll of registered voters conducted 13 – 19 Dec 11: Gingrich 30; Romney 25; Paul 9 and Santorum 3 with 33% undecided.

Oklahoma Primary Sooner Poll of registered voters conducted 17 Nov – 16 Dec 11: Gingrich 33; Romney 14; Paul 4 and Santorum 2 with 47% undecided.

Massachusetts Primary PPP (D) poll of registered voters conducted 16 – 18 Sep 11: Romney 50; Gingrich and Paul 5 and Santorum 1 with 44% undecided

Vermont Primary PPP (D) poll of registered voters conducted 28 – 31 Jul 11: Romney 26; Paul 7 and Gingrich 6 with 61% undecided

The Current GOTP Delegate Count is: Gingrich 23; Romney 13; Santorum 6 and Paul 3.

Nationally the GOTP Nomination according to the latest Gallup Tracking poll of registered voters conducted 25 – 29 Jan 12: Gingrich 28; Romney 27; Santorum 16 and Paul 13 with 16% undecided.

So, how does each of the Four Horseman of the GOPocalypse stack up against the President? The latest Rasmussen Reports poll of likely voters conducted 27 – 29 Jan 12, if the general election were held today:

President Obama 47/Romney 41

President Obama 52/Gingrich 35

A new USA Today/Gallup poll conducted 27 – 28 Jan 12:

President Obama 51/Santorum 43

President Obama 49/Paul 46

As crazy as it looks, clearly, on the electability scale Paul is the candidate who comes closest to actually being able to beat the President.That being said, if the GOTP clown car had finally stopped spinning, and the general election was held today, Newton Leroy Gingrich would barely be the GOTP nominee, and he’d lose to President Obama in the general election.

Speaking of the general election; the latest Electoral College figures are below, based on current available state polling, and once again, if the general election was held today these would be the results:

 
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Posted by on January 30, 2012 in 2012 Election

 

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Daddy cancels campaign trip to Florida to be with his little girl

The Associated Press (AP) is reporting that Rick Santorum is staying home in Philadelphia to be with this hospitalized daughter and is canceling campaign stops in Florida.

Santorum’s campaign says the former senator will stay in Pennsylvania with 3-year-old Bella, who has a genetic condition known as Trisomy 18. The condition typically proves fatal and Santorum often says his daughter wasn’t expected to live past 12 months.

Spokesman Hogan Gidley says Santorum hopes to return to a campaign schedule soon.

Santorum canceled his appearance on NBC’s “Meet the Press” and a stop at a Miami church.

This is “family values” to me, no hyperbole, no bombastic speeches, just a devoted daddy staying with his little girl; thoughts and prayers for the Santorum’s and for little Bella.

 
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Posted by on January 29, 2012 in 2012 Election

 

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Why would your wife make a good First Lady?

With all the problems facing the United States today it was such a comfort to turn on the CNN debate last night and to see Wolf Blitzer was the moderator, and what’s more to see him ask such valid, timely and thought provoking questions. My particular favorite was the question which came right after Rick Santorum complained about the nonsense questions being asked. And what was this question? Wolf wanted to know why the candidate’s wives would make a good first lady.

Riveting Wolf, riveting … did you fall out of the stupid tree and hit every branch on the way to the ground? A young woman who was unemployed with no health insurance had just minutes before asked the so-called candidates what they would do for her – of course none of them answered her question; I’ll bet she was waiting on pins and needles to find out the answer to that truly valid question.

I suddenly found myself wistfully wishing Michele Bachmann was still in the race.

Of course we got to hear all the wonderful qualifications of the candidate’s wives, how they’d raised hundreds of children while still finding time to establish world class music schools, baking cookies for orphans and working down at the USO Stage Door Canteen; and of all the husbands no one was more gushing over with praise than Newt for his current spouse (number 3), and former paramour, Callista.

All I could think was, “First Mistress anyone?”

I’m sorry, but Newt’s former concubine turned wife as First Lady?

I know, perhaps they could hire Heidi Fleiss to be her social secretary?

Enough of Newt pretending his concern about “family values” and how much he’s a devoted husband, and how his past indiscretions should be forgotten because he’s found religion and is now a good boy – at least as long as Callista stays healthy.

This isn’t only about Newt’s infidelity it’s also about a former staffer (Callista) being the Speaker’s mistress before he “made a proper woman out of her”. Both of their morals leave a great deal to be desired, and women who sleep their way to the top – sort of speak – are not called “First Lady,” a term which implies, well, first and foremost, that they’re a lady.

This isn’t “Pretty Woman” where the young call girl is turning tricks to survive and can be forgiven as she is introduced to the finer things in life and over time becomes a lady; this is about a Congressional staffer who graduated cum laude from college knowing exactly what she was doing when she became the modern day Madame de Pompadour to the Speaker of the House of Representatives, the person second in line in succession to the President.

Yes sir, Newt and Callista, quite the poster couple for fidelity and family values.

One last thought on this happy couple; why is it Republicans have no issue with a former Speaker who was having not just one, but multiple affairs – in the capitol – with staffers, while serving in office as a “family values” conservative, but they pilloried – and continue to pillory – President Clinton for having an affair in the Oval Office, with a staffer? “It’s not about his affair, it’s that he lied about it” is what conservatives say when asked. Bunk; it’s about the double standard of the conservative Christian right, the “family values” party. I have a problem with someone who is, or who has been, an adulterer holding any public office because they’re untrustworthy; it’s as simple as that; wedding vows are an oath, a covenant every bit as binding as an oath of office. If a man can’t keep one oath why should he be trusted to keep the other?

Hypocrisy thy name is the Republican Tea Party; Newt was a dreadful Speaker he would make an equally horrendous President.

 
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Posted by on January 27, 2012 in 2012 Election

 

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It’s way past time

Watching the most recent episode of “Help, the Party’s Been Hijacked!” – more popularly known as the 2nd Florida Republican Tea Party (GOTP) Debate – brought keenly into focus that its time for at least one of the four candidates to jump out of the clown car, and no, I’m not referring to Mittens, Newton or Ricky.

It’s painful to continue watching Ron Paul’s “crazy uncle” routine week after week; he’s actually beginning – with each passing debate – to appear to be morphing into the two guys (Statler and Waldorf) who used to sit in the balcony and heckle poor hapless Fozzy Bear each week on the Muppet Show. Please Congressman, you’re embarrassing yourself. I don’t admit it hasn’t been fun (at times), but now it’s time for your nurse to take you back to your room and give you your meds.

Now, don’t get me wrong, very few people enjoy seeing the Grand Old Party implode more than me, but this is getting way past painful to watch, and it’s far past becoming a joke. At this point I’d rather watch a “Mama’s Family” marathon.

Of course, Congressman Paul’s never stood a chance of winning the nomination, most political party’s – including the GOTP – try to avoid nominating people who can’t get elected, well, there was that whole Sarah Palin thing, but why open that old wound and poor lemon juice into it? People aren’t laughing with you Dr. Paul, they’re laughing at you; seriously, you stand a better chance of being mauled by a pack of rabid dingos, a white Bengal tiger and mountain lion at the same time than winning the nomination much less being elected president. Paging Dr Paul, it’s “To Dream the Impossible Dream” Don Quixote, not “To Dream the There Ain’t No Frickin Way It’s Ever – And I Do Mean Ever – Going to Happen Rag Time Dream”.

Hopefully the people of Florida will finally make it crystal clear to you that it’s time; we’ll see; but then again they did elect Rick Scott.

 
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Posted by on January 27, 2012 in 2012 Election

 

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Reasons why I’ll vote for the President

I’ve previously written why I’m not a Republican, and I won’t ever vote for Willard Mittens Romney; but it isn’t enough to simply express the why nots, I also have to be able to express the whys as well. I’ve previously expressed why I’m a Democrat, but now let me express why I’m voting for President Obama in 2012.

On the seemingly unending wars in the Middle East, after more than seven years, billions of dollars wasted, 4,484 American dead and 32,200 Americans wounded he got us out of Iraq and in ending the war there has allowed America to strike decisive blows against our enemies. As the President said in his State of the Union Address, “From Pakistan to Yemen, the al Qaeda operatives who remain are scrambling, knowing that they can’t escape the reach of the United States of America.”

He’s drawing down the number of American forces in Afghanistan – after more than ten years of war – with plans to have all American forces out by the summer of 2014.

He ended the previous stop-loss policy that kept soldiers in Iraq/Afghanistan longer than their enlistment date

He ended Bush/Cheney policy of awarding no-bid defense contracts in Iraq and Afghanistan, the kind that led to faulty wiring and the electrocution of American soldiers trying to shower.

He ended the Bush policy of not paying for things in the budget, like the two wars, Medicare Part B and his infamous tax breaks for the uber-rich.

Through the power of his administration’s diplomacy, a world that was once divided about how to deal with Iran’s nuclear program now stands as one. The regime is more isolated than ever before; and the President has said that its leaders are faced with crippling sanctions, and as long as they shirk their responsibilities, this pressure will not relent.

Regarding the unlawful treatment of prisoners he issued executive orders closing secret CIA detention/interrogation facilities in Eastern Europe started by Bush/Cheney; he also signed a detailed executive order banning the torture and inhumane treatment of prisoners previously approved and practiced under Bush/Cheney

He authorized operations responsible for taking out Osama Bin Laden, Anwar al-Awlaki, and more than 20 top Al Qaeda leaders

He authorized American military support of militants in Libya leading to the overthrow and death of Moammar Gadhafi

He’s given advanced weapons to Israel which his predecessor refused to provide, and has increased aid to Israel

On more than one occasion he’s authorized Navy Seals to free hostages held by Somali “pirates”- most recently this week

His administration has put more boots on the border than ever before; resulting in more arrests, more deportations and fewer illegal crossings now than when he took office.

He’s authorized construction/opening of additional health centers to care for veterans

He ended “Don’t Ask, Don’t Tell”, doing away with a frivolous regulation responsible for accomplishing nothing of benefit to the defense of this nation.

He led the efforts to reverse a downward spiral of the stock market which on 19 Jan 09, the last day of President Bush’s presidency, closed at 8,218.22 on 25 Jan 12, the closed at 12,830.86

After the disastrous economic freefall and catastrophic loss of jobs during the last year of the Bush administration he’s led the economic recovery responsible for creating more than 3.2 million jobs during the last 22 months, including more jobs created in the last years since 2005

On the day he took office, the American auto industry was on the verge of collapse. Some even said he should let it die. With a million jobs at stake, he refused to let that happen. In exchange for help, he demanded responsibility. He got workers and automakers to settle their differences. He got the industry to retool and restructure. Today, General Motors is back on top as the world’s number one automaker. Chrysler has grown faster in the U.S. than any major car company. Ford is investing billions in U.S. plants and factories. And together, the entire industry added nearly 160,000 jobs.

He led the effort to pass the $789 billion American Recovery and Reinvestment Act (economic stimulus plan) creating some 2.1 million jobs and responsible for providing badly needed funding for repair of a failing national infrastructure

He created a Trade Enforcement Unit charged with investigating unfair trade practices in countries like China, conducting more inspections to prevent counterfeit or unsafe goods from crossing our borders.

He ended previous administration’s policy of offering tax benefits to corporations who outsource American jobs; the new policy is to promote in-sourcing to bring jobs back

He ended previous practice of protecting credit card companies; in place of it are new consumer protections from credit card industry’s predatory practices

He provided tax credits to first-time home buyers through the Worker, Homeownership, and Business Assistance Act of 2009 to revitalize the U.S. housing market

He led the effort to pass the Children’s Health Insurance Reauthorization Act providing quality health care to 11 million kids – 4 million who were previously uninsured

He signed an executive order removing restrictions on embryonic stem-cell research

He led the efforts to extend healthcare to more than 30 million previously uninsured Americans

He’s a stalwart supporter of a woman’s right to choose

He appointed the first Latina to the Supreme Court

He directed his Administration to allow the development of clean energy on enough public land to power three million homes, and directed the Department of Defense, the world’s largest consumer of energy, to make one of the largest commitments to clean energy in history — with the Navy purchasing enough capacity to power a quarter of a million homes a year.

He will soon sign an Executive Order clearing away the red tape that slows down too many public works infrastructure construction projects

He’s sending Congress a plan giving every responsible homeowner the chance to save about $3,000 a year on their mortgage, by refinancing at historically low interest rates. No more red tape. No more runaround from the banks. A small fee on the largest financial institutions will ensure it won’t add to the deficit, and will give banks that were rescued by taxpayers a chance to repay a deficit of trust.

He approved fewer regulations in the first three years of his presidency than his Republican predecessor did in his. He’s ordered every federal agency to eliminate rules that don’t make sense. His administration’s enacted more than 500 reforms, saving business and citizens more than $10 billion over the next five years.

He’s made it clear that big banks or financial institutions are no longer allowed to make risky bets with customers’ deposits. They’re required to write out a “living will” detailing exactly how they’ll pay the bills if they fail — because – thanks to the President – the rest of us aren’t bailing them out ever again. Mortgage lenders or a payday lenders or a credit card companies have been told the days of signing people up for products they can’t afford with confusing forms and deceptive practices are over. Today – thanks to the President – American consumers finally have a watchdog in Richard Cordray with one job: To look out for them.

He’s establishing a Financial Crimes Unit of highly trained investigators to crack down on large-scale fraud and protect people’s investments. Some financial firms violate major anti-fraud laws because there’s no real penalty for being a repeat offender. That’s bad for consumers, and it’s bad for the vast majority of bankers and financial service professionals who do the right thing. He’s challenged Congress to pass legislation that makes the penalties for fraud count.

He’s  asked his Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand federal investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans.

These are just a few of my reasons for supporting my President.

I voted for him in 2008 because America couldn’t afford to continue the disastrous policies made famous under Bush/Cheney and which McCain/Palin had sworn to continue, and I will be voting for him again in 2012 because we, as a nation, cannot afford to go back to those same devastating policies under the administrations of any of the Four Horseman of the GOPocalypse.

 
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Posted by on January 26, 2012 in 2012 Election

 

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Which Presidents increased the debt the most?

In this presidential election year, let’s talk about the national debt and which party, and hence its Presidents, increased it the most during their terms in office. There’s a much maligned chart originally put out by Congresswoman Nancy Pelosi’s office which demonstrates quite well visually the differences between conservative and progressives when in office.

While it’s true the numbers are off, they’re not that far off; calculating the amount of debt each President inherited from his predecessor, as compared to the level of debt he passed on is not rocket science; it’s basically Government 101 that any President’s first year in office is not their budget, it’s the last year’s budget of his predecessor, thus any President’s first year of debt is not theirs’ but their predecessor’s last year of debt; Reagan’s first year of fiscal accountability was FY82 not FY 81, and that’s how each administration’s percentage of increase of the national debt should be calculated, thus it wasn’t President Obama’s first budget that dramatically exploded the national debt, it was President Bush’s final federal budget. Here are the actual debts and the percentage of increase in Billions of dollars, as well as a graphic representation of deficit increases and decreases under each president:

Under President Reagan, the National Debt was $994 billion at the end of 1981 and $2,867 billion at the end of 1989 = a 118% increase in the debt and an increase in deficit spending.

Under President George H.W. Bush (41), the National Debt was $2,867 billion at the end of 1989 and $4,351 billion at the end of 1993 = a 51% increase in the debt and an increase in deficit spending.

Under President Clinton, the National Debt was $4,351 billion at the end of 1993 and $5,807 billion at the end of 2001 = a 33% increase in the debt, but a decrease in the deficit spending.

Under President George W. Bush (43), the National Debt was $5,807 billion at the end of 2001 and $11,909 billion at the end of 2009 = a 106% in the debt and a corresponding explosion in deficit spending.

Under President Obama, the National Debt was $11,909 billion at the end of 2009 and $15,270 billion by current estimates = a 29% increase in the debt, but like President Clinton (while not a surplus) a drop in deficit spending.

I’m sorry conservatives, but the largest increases of our National Debt and deficits were under Presidents Reagan, Bush 41 and Bush 43 where conversely the smallest increases have been under Presidents Clinton (deficit decreased) and Obama – you’re entitled to your own opinion, but you’re not entitled to your own set of facts.

 
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Posted by on January 24, 2012 in 2012 Election

 

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