Should the President be Blamed or take Credit for the Economy?
Political View from the Underclass
Should the President be Blamed or take Credit for the Economy
The job market is slowly recovering and showing signs of life. There are also signs and indicators of future job lose. The debt ceiling fight is about to start up again and that will last until after the 2012 elections. Before the 2008 election of President Barack H. Obama, millions of private sector jobs were shipped offshore and many manufacturing industries were closed in America. Since the election of the 44th President there have been many first times in the history of an American President. One of the many first is this continued fight over the debt ceiling. NEVER, in the history of debt ceilings has a President not been allowed to raise the debt ceiling while the Nations credit rating was allowed to decline. What is the difference in this President and the other Presidents? For the first time in American history the sitting President’s Presidency has been defunded by the opposing political party. This has added to the nation’s unemployment crisis. For the first time in American history public employment on the federal, state, and local levels are being defunded causing the lost of millions of public sector jobs nationwide. Now with the lost of public and private sector jobs compounding the misery level for the American people, is the President to blame or should the far right wing of the Republican Party be blamed?
There are millions of everyday people who can’t wrap their minds around the complexity of the federal government and its role in their lives. They can’t understand why capitalism and the private sector cannot, will not, and did not survive without federal funds. To keep it simple for them, true liars compare the federal economy with their personal economy, saying things like…You can’t keep spending more than you bring in and neither can the federal government. All the while they are denying taxes which are the government’s main source of income. They said the President’s credit card should be cancelled, that’s another first. Why now? Why throw the emergency brakes on federal spending in the middle of a recession and a down economy? In case you don’t know, I’ll tell you why, to make Obama's Presidency fail. It doesn’t matter what happens to the American people or the Nation’s economy. If the Republican party is successful the working class will pay more taxes and the Rich less taxes____. The Republican President’s credit card will be returned, government spending will be returned to Republican levels, and there will be no health reform or financial reforms.
I think the President should take credit for avoiding another great depression in spite of Republican-tea party, Yellow, and Blue Dog Democrat’s unprecedented challenges. He saved millions of Americans from miseries untold, by making good decisions under abnormal pressures. If the country had gone into another depression, under his watch, he would have been blamed no matter what part the right played in that fact. Because the country didn’t go into another great depression, he is blamed for high unemployment, in the public and private sectors. I can’t help wondering…what if the Republicans had won in 2008, would we be doing as well?
May 17, 2012
More by this Author
June 21, 2012 Why Americans Seem to Vote Against Their Own Self Interest? The theme of the Republican Party in the upcoming Presidential election is based on no new taxes on job creators. The Republicans say that...
Will Capitalism take control of the U. S. Government or will the Government regulate Capitalism? The American people must choose between being lead by one of the two .
August 29, 2015 will mark the 10th year since Katrina. I wrote and tried to submit this article to a local newspaper the summer of 2006. I could not afford the $3,500 dollars a day it cost to submit. The state of...