2011’s BIGGEST DISGRACE: FISCAL TRAINWRECK PLUS POLITICAL SABOTAGE by Ol’ Bill
December 19, 2011 by easearle
2011’s BIGGEST DISGRACE: FISCAL TRAINWRECK PLUS POLITICAL SABOTAGE
~~by Ol’ Bill~~
The slow motion fiscal train wreck has been building for decades. Finally under President Bush it culminated in two undeclared wars, huge unfunded tax cuts and other giveaways, causing the near collapse and bailout of our under regulated banking system. About half the nation’s wealth now trickles through the hands of a tiny number of billionaires and other supremely wealthy interests.
Corruptly financed Congressional politicians have created this fiscal catastrophe. Middle class employment, housing values and disposable income have plummeted. Demand which fuels our consumer economy has followed– down. Global depression now confronts us.
The President continues proposing desperately needed job boosting measures designed to increase aggregate demand, standard recovery measures defined in any Economics text book. Not particularly daring or unorthodox even to conservative editorialists. So what’s the response of the Congress? Continued partisan political sabotage, uncompromising refusal to seriously negotiate legitimate policy differences, a continued three year drive to make Obama “a one term president” in the oft repeated words of the Senate Republican minority leader. Millions unnecessarily unemployed and bankrupt. Why? Congressional Treason? Media Myopia? Economic Illiteracy? Uncaring Voters? All of the above? Election Day is coming; will things change?
(images: shark-tank.net, zimdaily.com, economaniac.com)