The so-called tea partiers love to say Obama is a failed president, using the one mind and one voice they all share. They claim he doesn’t know anything about how our country works or how our economy works, but they never really say specifically what proof they have that he doesn’t know how either works.
Being a Constitutional scholar and editor of the Harvard Law Review and all, I’d say Obama knows more about our country than all these so-called tea partiers with their one mind and voice—put together. So that lays that assertion to rest.
But what about the economy? A trickier issue to address—but let’s go ahead anyway. Yes, unemployment at a fictional 8.3% is high, but Obama for the most part has no control over it. You see, over a year ago he sent a comprehensive jobs bill to John Boehner, the Speaker of the House. And what action has Boehner taken on it in over a year? Nothing. Zilch. Or he might have taken the action of stuffing it in a lower desk drawer and locking it up, or he may have round filed it. Accidents sometimes happen. Boehner preferred the Republican jobs plan to Obama which is…well, we don’t really know what it is because it’s never been put down in writing. It’s more of an oral tradition type of thing, where the lore of this Republican jobs bill is handed down from the elders to the so-called tea party Congress members who refuse to consider it anyway. So it’s more of an idea than an actual bill. But based on the research by independent economists, the Republicans’ job idea would do little, if nothing, to create any jobs. As for the jobs plan of their supposed presidential nominee Mitt Romney, well, we don’t know? He’s all about creating jobs but has yet to specify how he would do it. For a possible clue, see the Republican economic idea a few paragraphs below.
But since this is a story reported by that lefty digital rag The Huffington Post, so-called tea partiers will poo poo it as partisan, even though non-partisan economists all agreed on the results. The Obama plan could put a million unemployed people back to work, which isn’t nearly enough, but it’s more than the Republicans would do.
As for the economy, the Dow closed at 13,168.60 today. The NASDAQ closed at 3015.86, and the S&P closed at 1401.35. On January 20, 2009, the day Obama was sworn into office, the Dow closed at 7949.09; the NASDAQ at 1440.86, and the S&P at 805.23—all three indexes had fallen sharply from the day before. So, looking at today’s numbers, for those in the so-called tea party who are math-challenged, the higher numbers indicate that the stock market averages are almost twice as high (more than twice with the NASDAQ). This would indicate a far stronger stock market than the day Obama took office, which means the money guys who decide and control these things think that Obama’s doing a pretty good job, considering that he’s doing it all alone and despite the obstruction of the Congressional Republicans.
As far as the Republican economic idea? Again—nothing in writing. And again, their supposed presidential nominee Romney has not detailed any specifics for his economic ideas. But give it to the Republicans and their oral tradition where they have to keep concepts simple to avoid a game of Telephone when handing their lore down from one generation to another.
The Republican economic/jobs creation idea has two simple components: 1. No taxes on the rich and corporations. 2. No regulations on business.
That’s it. Simple to remember and to pass on to the young so-called tea partiers. Except how do no taxes on the rich and corporations and no regulations on business create jobs? The Republicans and Mitt Romney will get back to us on that one AFTER the presidential election—trust them.
So, we’ve got a sitting president who’s a constitutional scholar AND has a jobs plan and a fairly good economy seeing as how he’s done it all himself. Not saying I agree with all of Obama’s economic policies, but they’re nothing that another massive stimulus and jobs plan wouldn’t fix.
When you look logically at the Republicans’ economic/jobs idea logic doesn’t look back at you in return. If you lower or eliminate taxes on the rich and corporations, how do you replace all that lost revenue? You can’t because the middle class only have so much they can give from their mainly minimum wage jobs and unemployment benefits. George W. Bush lowered taxes and by the time he left office the economy was bleeding 700,000 jobs a month. And I already told you where the stock market was. That bleeding has stopped and has even been reversed under Obama, but any president can only do so much with the entire Republican-controlled Congress against him. And make no mistake—the Republicans control both chambers by a majority in the House and by filibuster in the Senate. John Boehner, his boss Eric Cantor, and Mitch McConnell are the three men responsible for the 8.3% fictional unemployment rate while the stock market thrives in spite of their best efforts to drown it in a bathtub along with the federal government.
Of course the so-called tea party will believe nor accept none of this—but there is one way both could be achieved. How do I get this blog post on Fox?