Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Sunday, November 6, 2011

GOP hijinks ensue: Election is Obama's to lose

The 2012 election is Obama's to lose: he's running against himself. The GOP field of candidates is looking a lot like they were turned down by the Society of Village Idiots for being too idiotic.

Obama has proven to be skilled at dealing with matters concerning foreign affairs. After eliminating Osama bin Laden, Obama continued his reign of terror on the terrorists by eliminating a bunch of bad guys with little more than unmanned Predator drones and a few SEAL Team 6 members. Killing terrorists with surgical precision is one thing, but fixing the economy can be more problematic.

Conventional wisdom would have Obama losing because of the slow pace of the country's economic recovery. But conventional wisdom does not seem to apply, since the GOP candidates are not conventional, nor do they have any wisdom.

The current state of the GOP’s idiot parade can be traced back to Donald Trump, who ran a fake campaign to boost the ratings of his reality TV show, and based the whole charade on promising to reveal Obama's true birthplace, which he assured was somewhere very far away.

Before dropping out of a race in which he wasn’t actually running, Trump left us with the term “birther”, which should have been his last contribution to society. However, Trump has turned out to be the clown prince of the GOP, giving political advice to all GOP candidates who pass through New York, or wherever Trump happens to own a hotel. Most recently, Trump has come to the defense of Herman Cain, suggesting that Cain probably settled the allegations of sexual harassment made against him by at least three women to avoid legal fees.

The sexual harassment charges against Cain date back to the time when he was the head of the National Restaurant Association, leading many to wonder what the head of the National Restaurant Association is doing running for president. The fact that Cain was leading in many GOP polls prior to the allegations, and his numbers haven't changed as a result, shows that either the pollsters are drunk or that the voters don't care or believe the allegations, and are also drunk.

Since the harassment allegations, Cain is bringing in wads of cash, even more than before, in addition to staying on top of the polls. The sex scandal has evidently given Cain the credibility to call himself a politician. Cain has never actually been elected to public office, a fact that might be working in his favor. The voters seem to like his straight talk, even though his political ideas are laughable. His “9-9-9” tax plan was devised by some guy who couldn't pass the CPA exam, and it has been criticized by pretty much everybody. Cain has also espoused some radical views regarding electrified fences, abortion, and negotiating with terrorists, only to say that he was “just joking” when confronted with specifics.

Rick Perry came into the race late and jumped to the top of the polls. After plummeting back to earth when people tried to understand what he was saying, he was polling as low as single digits. Trying to get things back on track, Perry recently revived the “birther” issue. When he realized this was not getting him anywhere in the polls, Perry explained that he was “just having some fun with Donald Trump”.

Perry has jumped back into double figures in the polls, and is now running a solid third behind Cain and Mitt Romney. His sanity again came into question a few weeks ago, however, when he delivered a bizarre speech in New Hampshire, appearing to be drunk or stoned (or both). Comedians had a field day, but it's not really that funny when you think that this man was once leading in the race for the GOP nomination. He was a heartbeat away from being trounced by Obama, scaring the bejeebers out of some Republicans who know that Perry can't stand up to the rigors of a presidential campaign (i.e. debating Obama). As it stands, Perry is running third in most polls, so it's too early to count him out.

Perry could get the nomination because Republican voters might just give up and decide that if they have no qualified candidate, a debate between Obama and Perry would have as much entertainment value as a Charlie Sheen meltdown. I am definitely registering as a Republican for this election so I can vote for Perry, even though I've been a Democrat my entire adult life (except for the time I was in college and got stoned and went out and registered for the “Birthday” Party).

The most logical choice to be the GOP contender against Obama is Mitt Romney. He's in a statistical tie with Cain in most polls, with Perry a distant third, but in the end he'll probably win the nomination because he's the most presidential. Just because he looks like a president, however, doesn't mean he can win the nomination. First of all, conservatives have been reluctant to rally behind Romney, feeling that he's just too moderate for the Tea Party nut jobs who have hijacked the Republican Party. They cite the statewide healthcare plan similar to the Obama's national plan that Romney pushed through as governor of Massachusetts.

If Romney does win the nomination, Obama will be helped by the disruption caused by the Tea Party, in addition to the fact that Romney is well known for changing positions whenever it's politically expedient. To win, Romney will have to convince voters that he's not a complete and utter hypocrite.

In addition to the top three candidates, Michele Bachmann leads the pack in insanity and ridiculousness, but is at the bottom of the pack in IQ. The queen of the Tea Party has never been one to care about accuracy. She knows that telling her base what they want to hear will get her further than telling them the truth. Bachmann makes things up as she goes along, whether it’s about American history, the economy, or President Obama.

“Under Barack Obama's watch, we have expended $805 billion to liberate the people of Iraq and, more importantly, 4400 lives...He's been a disaster on foreign policy,” Bachmann told CNN's Wolf Blitzer in a recent interview. The fact that George Bush started the war, not Obama, is not important to Bachmann, although she's correct about it being a disaster. This is just one example of how Bachmann can distort the truth either because she's ignorant or she just wants to distort the truth because she thinks that it will get her votes.

Bachmann isn't the only Republican making things up as she goes along, to which Mitt Romney will attest every time he changes his mind on an issue. And while flip-flopper Romney continues to accuse Perry of flip-flopping, bit player Rick Santorum continues to hammer home his homophobic ideas and radical thinking, outlining a social policy reported this week in the Des Moines Register that would include reinstating “don’t ask, don’t tell,” pursuing a constitutional ban on abortion, enforcing the Defense of Marriage Act and abolishing the 9th Circuit Court of Appeals, which he obviously finds too liberal-minded.

That leaves Ron Paul and Jon Huntsman, who have enjoyed brief moments of weirdness and unintended lapses into comedy when left without their teleprompters, and of course Newt Gingrich, who is obviously going through the motions in order to increase his speaking fees.

With unemployment hovering around 9 percent and the economy in the doldrums, despite Obama's stimulus measures, it would seem that 2012 will not be the year of the incumbent. But how can anyone from this odd group of Republicans win? It is a reassuring thought for liberals, but also a potentially complacent and catastrophic one. Republicans do not have to win in 2012. They just have to watch Obama lose. If you stop looking at the obvious Republican weaknesses and instead look at Obama's problems, then the picture for 2012 doesn't look good for the Democrats. There will be only one winner if Obama loses, and that would be a Republican.

On the other hand, most voters realize that Obama inherited an economic catastrophe that could not conceivably be fixed in a single term. If the economy continues to improve even a little, and Obama can assure the electorate that he is the one to continue that trend, the White House will remain his.

Democrats are eying the GOP's current pathetic situation, in which Bachmann sees Hurricane Irene as a sign from God on government spending, Perry questions evolution, Romney changes his position more than his underwear, and the number of women accusing Cain of sexual harassment is sure to reach nine. But the Democrats in no way feel that victory is assured. The GOP does not have to win the White House, Obama has to give it away. And that won't be an easy thing, given the lack of a qualified opponent on the GOP side.

Tuesday, July 12, 2011

New GOP plan for debt limit: Pass the buck

After months of fighting about it, Senate Republicans today proposed allowing President Obama to go ahead and raise the debt ceiling to avoid a first-ever default on U.S. obligations. The unusual proposal to empower the president to unilaterally increase the nation's debt limit was the brainchild of Minority Leader Mitch McConnell.

McConnell said he reluctantly offered the bizarre proposal because it has become clear the negotiations with Obama are not going anywhere. The Republican plan would require Obama to submit spending cuts along with his borrowing requests, but unlike the automatic increase in the debt limit, they wouldn't automatically take effect.

The goal of the GOP has always been to make Obama a one-term president. The debt ceiling debate is part of the Republican party's never-ending hunt for any issue that can embarrass and ultimately weaken the Obama presidency.

This current maneuver is the GOP's way of trying to label this Obama's debt, not America's debt. They're saying: "It's not our problem. It's your problem." The Republicans apparently can't deal with the debt, so they are finding new and creative ways to weasel out of the issue.

With all the attacks on the president over the debt limit increase - with all the acrimony and talk that the president shows no leadership - when the president says we're at a real critical point, the Republican party passes the buck. Now they want to change the rules, to make adjustments so that Obama can do the dirty work without any Republican vote. It's turned into a convoluted process that is designed to try to force the president to play a game with them that I don't think the American people are falling for. Does the GOP really think the American people are that stupid?

If this whole scenario seems bizarre, well it is. Although this proposed throwing in of the hat by McConnell may not survive the heat from the right, if it does, it has enormous economic and political implications. Either way, it is an open and cynical admission by the Republican leadership that their double talk and backtracking on this issue is typical of their idea of business as usual. And in the case of the Republican party, the point is to try and pin the blame for the fallout of the debt crisis on someone else, specifically Obama. This is not only bad politics, it's potentially political suicide. Let's see how this thing plays out. I'm betting not good for the Republican party.

Sunday, July 10, 2011

Default is not an option. Is the GOP stupid enough to think it is?

Just minutes before a major White House meeting begins over the debt ceiling negotiations, it's my bet that Republicans will be unwilling to accept revenue-raising measures in exchange for major spending cuts and entitlement reforms. At least not for now.

The debt ceiling deadline is August 2nd, and a U.S. debt default could “shock” and destabilize the entire global economy. That's what International Monetary Fund Christine Lagarde warned today on ABC's “This Week” news program. She emphasized that she can not imagine this actually happening.

A default would be bad for everybody, especially the U.S. economy. If no agreement is reached by the deadline, the U.S. dollar may plummet and interest rates could skyrocket. The Federal Government says just a 1% rise in interest rates could cost taxpayers $973 billion over the next 10 years. Obviously, no one wants that to happen, not even Republicans - at least not any sane Republicans.

The Republican party, however, looks anything but sane. The 2012 GOP race is headed by Michele Bachmann and Mitt Romney. Bachmann, who is now the official Iowa frontrunner, is known for her many factual inaccuracies. Her latest gaffe: confusing actor John Wayne with serial killer John Wayne party.

Donald Trump distracted the electorate for months while amazingly waging a fake campaign based on the premise that Obama wasn't a U.S. citizen. The Tea Party has hijacked some of the headlines from somewhat normal people like Mitt Romney, but Romney's troubles are just beginning.

Although Romney is ecstatic that his main competition seems to be Bachmann, his real problem is that although it is a good strategy for him to lay low and continue to let Bachmann make herself look like an idiot, eventually he will have to stand on his own merits. So far he's been spending most of his time distancing himself from the one program that he accomplished that got something done: the Massachusetts health care reform. The fact that Obama's plan is similar to Romney's original plan would be good for Romney if he was a Democrat, but this and other inconsistencies in Romney's record make him a good bet to lose in a general election against Obama.

Making the Republican party look even worse is not just potential offbeat candidates like Sarah Palin and Rick Perry, who has gone on the record as saying he would have Texas secede from the U.S. The Republican party now has to deal with the embarrassment of David Duke, the white supremacist who says he's considering throwing his hat in the ring.

The economy as a whole is a dark cloud hanging over the White House and the reelection, and they know that. But the Democrats are pointing out that they were handed a disastrous economy by the last administration, and they are taking steps to correct it. The first step is solving the debt crisis, and House Speaker John Boehner and Congressional Republicans are standing in the way. Talks broke off Saturday night over the issue of tax hikes. Republicans want tax hikes off the table, and as negotiations begin again tonight, Obama has made clear he will not budge on this issue. So what we have left is continued gridlock, and with time running out.

So far, the world has not lost faith in the U.S. economy. Our stock markets are strong and our companies continue to thrive. But as this dangerous gridlock grinds Washington to a standstill, it is easy to see the American public becoming fed up with talk-radio rhetoric and political grandstanding. The Republicans seem intent on playing games with the creditworthiness of America, and this is not only a terrible policy, but also political suicide.

Even before the lastest shocking employment numbers, recent polls showed Obama's approval ratings plummeting when it comes to creating jobs. According to a June Bloomberg poll, Obama had a dismal 38% approval rating, with 57% disapproving. That can only encourage Republican presidential candidates, and they have indeed pounced on these job numbers with ads claiming “things have gone from bad to much worse,” and other variations of this theme.

Normally, with the economy in such disarray, Obama would seem easily beatable. But the Republican party has put together a rogues gallery of weird candidates, from Trump to Bachmann, all the way to the possible candidacy of well known racist David Duke.

The debt negotiations won't end today, but they will end. It is not only in the interests of the U.S., but the rest of the world. The August 2nd deadline is fast approaching and default is not an option. And when it's all over, Obama will continue his steady approach to governing the country, and the Republicans will be trying to disassociate themselves from right wing nutjobs like David Duke.

Thursday, October 14, 2010

Marijuana is a hot topic in California

As California's economy was going up in smoke, Gov. Arnold Schwarzenegger said in May of 2009 that it was time to study the possibility of legalizing and taxing marijuana. And now, Proposition 19 is on the California ballot. Interestingly, Schwarzenegger now opposes Proposition 19, calling it "deeply flawed" and claiming that its potential for generating tax revenue has been overstated.

When President Obama was asked last year about the subject, he wasn't interested. "No, I don't think that is a good strategy to grow our economy," he said at the time. His current strategy is to avoid discussing the issue altogether. But Schwarzenegger sparked the debate in California, and the nation joined in. A Zogby poll, commissioned in May of 2009 by the conservative O'Leary Report, showed that 52% of Americans favor legalization of marijuana, with only 37% opposed. The statistics are similar in California to the national numbers and have stayed about the same since that time.

Legalizing marijuana not only allows for the regulation and taxation of marijuana, similar to cigarettes and alcohol, but it removes the criminal element, freeing up our legal system to deal with actual criminals. Medical marijuana is already available in California. The U.S. Supreme Court on May 18th 2009, upheld the right of states to implement and administer their own medical marijuana laws, affirming the long held position that federal law does not preempt state medical marijuana laws.

Passage of Proposition 19 would make it legal under state law for anyone over 21 years old to possess marijuana, and the federal laws would probably again be trumped by state law. The federal government has indicated they may challenge the law if it passes, but the feds will most likely lose out to the will of the people and move on to more important things. The legal battle over medical marijuana was a win for the state, after all.

Marijuana hasn't always been illegal. Because of sensationalistic stories of murder and mayhem associated with marijuana use, it was criminalized federally in 1937 by the newly formed Bureau of Narcotics. Up until that time it had been used as a household drug treating headaches, toothaches, depression, menstrual cramps and of course just plain stress, and drug companies were working on developing a stronger strain. In 1938, the mayor of New York, Fiorello LaGuardia, who it was rumored would light up a joint before important meetings, formed a committee to study the actual effects of marijuana. It found, despite the governments claims, that there was no scientific reason to criminalize marijuana. The study found that it did not cause insanity or act as a gateway drug. It did not cause people to go on killing sprees, and it did not cause other types of deviant criminal behavior.

Like any substance, the potential for abuse is there, but studies have shown that not only is marijuana safer than most drugs, users don't get symptoms similar to what some have called "Starbucks head," commonly known as headaches associated with caffeine withdrawal.

Further studies have shown that marijuana use actually cuts down on crime, even when used by criminals, because it makes them more mellow. Even President Nixon took up the debate. In 1972, his Shafer Commission also concluded that marijuana should be legalized. Speculation that Nixon used to get high before giving major speeches has never been proven, but many experts site the famous "Checkers speech," when the then-Senator and Vice Presidential candidate got emotional before millions of viewers, as an example of an obviously high politician.

Leading California Democrats, including Jerry Brown and Barbara Boxer, are officially against Proposition 19, but the Democratic party stands to benefit from a larger voter turnout. This is due to the fact that normally apathetic groups such as young voters, who would normally skip midterm elections, may buck the trend and turn out in droves precisely because an issue that they are passionate about is on the ballot. The Wall Street Journal has recently pointed out that Democratic strategists are watching the race very closely. That's because this could be the same kind of "hot button" issue to energize the Left, much the same way that banning gay marriage energized the Right. If Proposition 19 is successful in California, look for variations to appear on the national stage, in time for the 2012 elections.

Brown, the current California Attorney General and candidate for Governor, was known for his eccentric behavior when as governor of California from 1975 to 1983 he was referred to as "Governor Moonbeam." Although there were rumors of marijuana use by Brown in the governor's mansion, it was never proven. Brown did, during his tenure, however, propose the establishment of a state space academy and the purchasing of a satellite that would be launched into orbit. Interestingly, a similar program was later adopted by the state, as a satellite was launched to provide emergency communications. Supposedly the cost of this venture, and other liberal expenditures by California politicians are what got us into this mess in the first place. In any case, billions of dollars have been spent over the years on marijuana enforcement nationwide. A 2007 report, "Lost Revenues and Other Costs of Marijuana Laws," by Jon Gettman estimated that law enforcement costs relating to marijuana nationally comes to 10.7 billion annually. The California State Board of Equalization estimates California's possible revenue from legalizing marijuana would be $1.3 billion per year.

Even though President Obama admits he smoked a little pot in his day, he has consistently been against legalization. It has been politically expedient for him to try and ignore the issue completely, but he was forced to address the issue because it outpolled all other questions in his first "online town hall" meeting early in his term.

Schwarzenegger, another famous ex-pot smoker (he can be seen in the movie "Pumping Iron" toking up), now favors cigars, at least publicly. He's the one who brought the matter to the public stage, but is now backtracking because it is politically correct. But California is on the brink of bankruptcy, and decriminalizing marijuana is a logical solution. A recent study showed that cigars are a much worse health threat than cigarettes. Schwarzenegger would be wise to give up his cigars in favor of marijuana. It's healthier.