Blogs » Politcs Plus » What's the president supposed to do?



We're getting closer and closer to the deadline, where the findings of the Super Congressional Committee are supposed to find a path to our economic woes. My hopes were up when representatives Heath Shuler and Mike Simpson told Chris Wallace that they had sent a letter to the president with the signatures of 60 Democrats and 40 Republicans, saying that revenue and entitlement cuts should be part of the solution. It wasn't long into the program, when I found out that Senator Jim DeMint sent a letter with the signatures of 33 Republicans insisting that the Super Committee not raise taxes. There we have it, as I suspected the Super Committee will not come any closer than all the other partisan committees to getting some kind of consensus. It's my thinking that they'll wiggle around the agreement, they made to raise the debt ceiling and just kick the can down the road until after the election.

I don't normally agree with John Boehner, but he was right when he told This Week's Christiane Amanpour that governing was hard. I agree there are no easy solutions but when he showed that laminated card showing all the partisan job bills that were passed in the house; he described why Congress has a 9% approval. Like his predecessor who passed 400 bills in the house but went to gather dust in the Senate, it just proves when you have the numbers it doesn't mean anything, unless you pass a bill that will be passed in the Senate.

Last night's 60-Minute segment featuring Jack Abramoff should've been a wake up call for Congress. Mr. Abramoff said he had bought and paid for 100 congressmen and his biggest disappointment was that he didn't have all 535. He described how his lobbyist would secretly insert language into a bill to legalize ripping off the Indian casino owners. He suggested that politician should have a choice of public service or becoming a lobbyist. His suggestion will probably fall on deaf ears but is probably the only solution since the Supreme Court ruling that allows corporations to be treated as individuals will exacerbate with the “votes for favors" political system we have.

Before we can get to a solution, we must dispel the myths such as; the recent Dodd- Frank has destroyed the banking system. We had people siding with Bank of America when they imposed that debit card fee, blaming Dodd- Frank. Due to public pressure, Bank of America decided to drop the fee and several banks followed suit. Wall Street said that President Obama was unfriendly to them, yet their profits are skyrocketing more in the three years of Barack Obama, than they did in the eight years of his predecessor, President Bush. The republicans keep saying that cutting regulations is the best way to boost jobs but we all know that we don't have demand right now. According to Time Magazine, out of 183 countries, the United States is fourth as the easiest place to do business. We can improve by removing the time it takes to process a patent and I'm sure after all these years, they are some outdated regulations that need to the be removed or reformed but bypassing the EPA or the FDA is not the way to go. A lot of people always pick China as the economic model, but it takes 311 days to build a warehouse there-twice as long as the rest of the world. Companies spend an average of 2600 hours a year complying with Brazil's tax code. Even after the credit crisis, the United States is still one of the easiest places in the world for companies to get loans. The most business-friendly countries are Singapore, Hong Kong, New Zealand, United States, and Denmark. Texas did not have a housing crisis because of our strict banking regulations that we stuck with.

I forget his name, but it was a conservative on a weekend talk show that filled in the blanks for me. Pundits are now asking if republicans are deliberately sabotaging the recovery to get rid of President Obama. It is a legitimate question, and the conservative's answer was satisfying. He said that getting rid of President Obama is the number one goal, but the republicans constituents do not want compromise; just austerity. The tea party folks genuinely believe that spending is the only problem and increased revenues will just escalate the problem. That's why they're not satisfied with a moderate like Mitt Romney.

President Obama has an uphill climb because 74% of the people are not satisfied with their own status or the country's lack of direction. Even though the president's approval is up a little bit, and the fact that we had a modest gain in GDP, and the jobs report, it won't make a difference, until the people see their own situation improve. It's going to be extremely hard for the president to admit that some are his policies did not work, but he is taking steps to learn from that. The country knows that our infrastructure needs repair, but we're still waiting for that optimistic, semi -detailed plan, that will get us out of this stagnant economy. How can we get this country going again without another stimulus, quantitative easing, or taxing the middle- class? It's hard ,especially since Europe is having his own financial difficulties and we did $240 billion worth of trading with them last year.If there was ever a time for a Hail Mary pass; the time is now.

I've been trying unsuccessfully to upload a better PDF graphic comparing Obama's job record to the 4 previous presidents but I keep getting an error. Ronald Reagan from Jan. 1981-Sept. of 1983, 2.41 private sector jobs were created,compared to Obama's 2.58 million. Reagan gained 518,000 after taking office while 1.63 million jobs were lost under Obama. During George W.Bush tenure,155,000 jobs were created from it's lowest point but -3.21 million jobs were lost under Bush. Clinton did the best with 7.53 jobs were created from its lowest point.

I think by now most people know that a flat tax or a national sales tax worsens the income inequality we are enduring. I think its time to put aside extreme measures like getting rid of the Fed,WTO,NAFTA, or any agency that will take a major undertaking and concentrate on a reasonable approach.