I have to admit that my thoughts today are much more of a visceral response as opposed to a well researched piece, but I am devastated at the continual "caving" on the part of President Obama in the face of ridiculous Tea Party demands.
As if to say that the ravings of a right wing fringe who are not even aware of the fact that they are being completely manipulated by a phalanx of the nation's ultra-wealthy to perpetuate a system that is totally skewed to their purposes should determine the economic future of the entire nation.
I am baffled by Obama's either unwillingness or inability to confront these fringe elements and force the imposition of tax increases in conjunction with spending cuts augmented by a stimulus program designed to put the nation back to work.
Instead we are presented with a President who continually depends upon a Republican Party do to the "right thing" when they have shown time and time again that they are incapable of doing so.
It is a perpetual "jam tomorrow" approach to governing. Holding out the fact that the next onslaught against the budget deficit will occur after the 2012 elections is a political victory which could quite easily turn out to be Phyrric.
The Republican solution to the challenges facing the nation of cutting spending in the middle of an employment recession; keeping tax cuts for the wealthy; and blathering on about a balanced-budget amendment to the constitution comes as close to guarantying a continuing if not an accelerating recession as I can imagine. And all at the altar of misplaced ideology.
Just look at the ideological bloody mindeness of the the current British government which has imposed an austerity budget of such magnitude that they are breaking one campaign promise after another as their cutting zeal drives a struggling economy into the ground.
nAnd what is the Tory solution solution? Taking a page from the Repulichans they now want to lower the 50& top rate of taxation which hits the top 6% of the population as a means of stimulating the economy.
All it takes is to look to the Chinese and their adherence to one overriding tenet-everything to ensure employment of the great masses as that is the only way to maintain the supremacy of the ruling party to recognise the fallacy of the current compromise in the US.
The greed of American hardball capitalism is to pursue the tenet of low taxes-for the wealthy-to ensure the continued supremacy of the wealthy.
There is perhaps a revolution coming in the United States- and it just might not come for the Tea Party.
Yes, with a nod to the evangelical American Right- "And you shall reap what you have sown..."
Tuesday, 2 August 2011
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