Now that the mid-term elections are over and the ‘jury’ has brought in the verdict that the current administration is not doing enough for the country, it’s seems to be time for a change, backwards. Yes, backwards; just what the majority of the people of the United States need! An exorbitant amount of money was spent by big business to feed the propaganda machine the right kind and number of sound bites to convince a majority of the voters that President Obama and his party weren’t doing enough for the country. Added to this, the Democratic Party’s tendency to self- implode did not help the situation at all. Unlike the Republicans who march in lockstep with their leaders, the Democrats seem to be all over the place. In general, this is good in that it provides a de facto system of checks and balances within the party; however, it also works to weaken the power of the party when it comes to dealing with many issues even when the party has a substantial majority in congress. This was clearly seen over the past two years as the Republican’s bullied the Democrats with Congressional rules including the filibuster and forced them to settle for less than what they wanted or the country needed. Settling for half measures and partial solutions does not endear you to your base, the voters who elected you on the promise of true change and the voters in general.
The big business agenda was wittingly and in some cases unwittingly supported by those on the right. By the way, just because you are coming from the right doesn’t mean you are right. The shallow thinking by many from the right is what brought us to the point we are now at. Eight years of Cheney and Bush (Edgar Bergen and Charlie McCarthy?) have lead us to the edge of another great depression and because President Obama and the Democrats have not been able to do magic tricks to instantly reverse the situation the people have spoken and we are now going back to the Cheney-Bush or should I say tried and un-true Republican agenda of “trickle-down economics.” The hard line Republican thinking is more tax breaks for the rich and the multi-million dollar to billion dollar “small businesses” out there that are supported the Republican Party will make everything in the country all right again.
The wealth of our country measured in terms of net worth (85%) and financial wealth (93%) is located predominantly in the top 20% of the population (see chart below taken from Wealth, Income, and Power by G. William Domhoff – September 2005-updated September 2010). The bottom 80% survives on 15% net worth and 7% financial wealth. The most salient fact here is that those who have more than enough already are getting more and more and those who have little are staying the same or getting less. Couple this with the fact that the median wealth for the members of Congress according to the New York Times is over $911,000 which is up from $785,000 in 2008 and that these are the same people who pass the laws regulating business and what it pays in taxes to the government and what it can do to the average consumer, the outlook is not rosy.
Am I happy with our present situation? No! Am I pleased with a lot of the half measures that the President and Congress have taken? No! However, considering the opposition that the Party of No has been presenting to change to a more positive direction, I feel the Obama administration is doing better than okay. Sometimes you just have to take what you can get and compromise to get that. For example, with between 70 and 80 percent of the people of our country in favor of repeal of the “don’t ask, don’t tell” legislation, the Republicans were able to stop a vote and debate on what is clearly a non-issue for most people. Instead they have manufactured an issue to waste time and energy and to fight for equal rights all over again. We’ve been there and done that with women and Blacks in the armed forces as well as with civil rights for all. But of course, the real issue is not Gays in the army; it is making the current administration look as bad as possible and preventing it from getting things done. The anti-Obama agenda of the Republicans is the main issue at hand, not what is best for the country or the people of the country.
Similarly, the upcoming fight over tax cuts for the wealthy wastes more time and energy. The rich are rich! They really can afford to pay more taxes, and unfortunately, in far too many cases, even some taxes. The average salary in the country is estimated to be in the mid thirty to forty thousand dollars a year per person. Healthcare executives received bonuses in the million dollar range last year at approximately a 30% increase over the previous year. This year will be another big dollar year for them along with the big dollar increase of rates that individuals will have to pay for their insurance. These people who will have to pay the increases to help pay the bonuses are the same individuals who would have to work 25 years to earn a million dollars; the same individuals who have to make the hard choice of whether to have health insurance for emergencies or food on the table.
The myth that giving tax breaks to big business will stimulate the economy and spur job growth has clearly been debunked by the fact that the average big business revenue rose 6.9 percent for this past year while profits soared 42.3 percent (Thomson Reuters). The unemployment rate according to the Bureau of Labor Statistics is currently at 9.6 percent and has been unchanged since May, 2010. But still the Republicans insist that their policies will improve the economy in general and will put an end to the high unemployment rate. The party’s “Pledge to America” a 21 page rehashing of all old ideas with a few new twists released recently, vows to make the tax cuts to the rich permanent and does little to control the ridiculous levels of power held by big business. As I said, shallow thinking from the right who are wrong again is not going to solve our economic woes. Regulating big business and insisting on true reform might and would at least be a start.








