Wednesday, December 21, 2011

A Christmas story, from my point of view.

It is Dec. 21st. and I am watching the news on the inability of the Congress to pass a payroll tax cut for another 60 days. Instead a group of Republicans will not vote on this bill without adding a bunch of unrelated crap to its passage. These days remind me of the end of the great 35 years from 1945 until 1980.  Sit. Back and listen to my story, at least the way I saw and remembered it. In 1976 Jimmy Carter was elected President; He was a breath of fresh air after Nixon and Ford.  He was smart and had a lot of good fresh ideas. He served as President from January 20, 1977 to January 20, 1981. Noteworthy foreign policy accomplishments of his administration included the Panama Canal treaties, the Camp David Accords, the treaty of peace between Egypt and Israel, the SALT II treaty with the Soviet Union, and the establishment of U.S. diplomatic relations with the People's Republic of China. He championed human rights throughout the world. On the domestic side, the administration's achievements included a comprehensive energy program conducted by a new Department of Energy; deregulation in energy, transportation, communications, and finance; major educational programs under a new Department of Education; and major environmental protection legislation, including the Alaska Lands act.
He did face a major problem though.  The world was in the middle of a great recession created in part by his predecessors Nixon and Bush 41.  He also faced a Congress that had no intention of helping him pass any laws that would help the country in the future. The Democrats wanted their power back and the Republicans just said no to everything he proposed.
The result was the end of the good times. Ronald Reagan was elected. The world Economy stalled for another two years until his massive military buildup started. The, unpaid for spending started and the good times rolled.  He eliminated all the reforms President Carter started, He forgot and ignored peace talks in the Mid-East. He forgot and dismantled our energy policy while doing the same to clean water and air. In fact deregulation of Wall Street started and kept the ball rolling. Rolling down hill to the demise of the American economy.
His Vice President Bush 41 was elected and he continued the deregulation of many banking laws. Once your local bank was required to keep 80-90% of your investments on reserve.  Soon they were allowed to count their loans of your 80-905% loan as new monies, To loan again. There was no over oversight. Local banks were loaning millions fron one simple $250,000 investment.  There,in effect, was no required Federal Reserve.  Small commercial banks were allowed to invest your money with the elimination of the Glass Steagall Act, passed by Republicans and signed by Bill Clinton. This Bill was Veto proof and would have passed anyway.The Savings and Loans were the first to fold and were bailed out by Bush 41 using your SSI money. A crime I consider the start of a long list of evil doings.
 After Clinton was elected he continued the Bush Practices, although the economy looked good it still was only a shell waiting to crack.
Next Bush 43 was elected and continued the spending. He doubled down though. He passed an unfunded Medicare Part D program that cost billons but did very little to the prices of drugs to seniors. There was no regulation or mandate to allow the Gov. to buy drugs in bulk at reduced rates. He next gave everyone tax cuts while starting two major wars. He plunged us more in debt; by doing this he put all of our social safety net programs in trouble. This had been an aim Of the Republicans since the 30’s How dare these peasants and workers buy cars and homes let alone send their children to College  !l This was the final attack on our safety net and the middle class. Then Obama was elected with the Idea of hope and change. In his three yrs. in office the Republicans have refused to help pass any legislation to help him, He is a danger to their plans and must be destroyed at all costs. The Republicans are very close to to their plans of returning to the good of 30’s, Enjoy your the little security you have feft because I see an end to Medicare,SSI,and home ownership by the middle class.  WAKE UP!  HELLO,anyone paying attention? Oh, and have a Merrry Christmas !

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