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It's the economy, stupid


Fri, Sep 19th, 2008
Posted in Commentary

There are four months to go in the George Bush debacle, perhaps the worst presidency in the history of our country. At this writing, investment bank Lehman Brothers has filed for bankruptcy, Merrill Lynch has been taken over by Bank of America at discount prices and insurance giant American Insurance Group was bailed out to the tune of $85 billion by the federal government to keep it afloat. The goverment is considering additional bailouts of the banking industry that, when don, could total over a trillion dollars.

On Monday the stock market fell over 500 points and an additional 450 points on Wednedsday, before rebounding again on Thursday. Remember that over a month ago global investment bank Bear Stearns was bailed out by the feds; and a few weeks ago the federal government took over Fannie Mae and Freddy Mac with taxpayer dollars to keep it afloat to protect home mortgages.

Throw in the federal deficit which is expected to exceed $400 billion at the end of the year, the $10 billion bill we get each month for the Iraq war, the devalued dollar, the historical price of oil, and the collapse of the real estate market. More than 600,000 Americans have lost their jobs since January. The Bush presidency can't end soon enough.

John McCain's statement on Monday that the "nation's economic fundamentals are strong" is, pure and simple, crazy talk, and does little to instill confidence in his ability to understand the problem. Which fundamentals is he talking about? Banking institutions? Real estate markets? Oil prices? In fact, former federal reserve Chairman Alan Greenspan calls our predicament a "once in a century" economic crisis and some critics are saying that the economic fundamentals are, in fact, broken.

Bill Clinton ran for the presidnecy in 1992, and used the recession and economic woes of the times to unseat incumbent George Bush, Sr. - remember the slogan, "It's the economy, stupid!"

Clinton presided over the longest economic expansion in U.S. history. The Clinton economic strategy focused on debt reduction rather than cutting taxes as the best strategy for providing economic growth. And here he was successful, leaving office with, according to congressional accounting rules, a $559 billiondollar surplus. During Clinton's tenure, the unemployment rate fell to 4%, a 40 year low and the stock market grew by more than three times during his two terms.

Whether the economic successes of the Clinton year .....
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You might as well tell the truth

Fri, Sep 19th, 2008
Posted in Commentary

Well before the two major political parties held their coronations each party put out ads on radio and television touting their candidates' positions and simultaneously offering information about their opponents' positions and programs. Most of us w ..... 
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Is she really the next best?

Fri, Sep 12th, 2008
Posted in Commentary

The selection of Sarah Palin for McCain's running mate was a surprise to almost all the pundits and most of the politicians. Her introduction to the country at the Republican convention was a smashing success according to the media. She did a good j ..... 
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Palin a risky choice for the McCain ticket

Fri, Sep 5th, 2008
Posted in Commentary

"It was a reckless decision."

"It looks like a hail-Mary pass."

"It's a weird choice."

"It does nothing for the ticket."

These are a few comments I have heard about John McCain's selection of Sarah Palin to be his vic ..... 
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Voting is both a privilege and an obligation - be informed

Fri, Sep 5th, 2008
Posted in Commentary

Thomas Jefferson said, "Information is the currency of democracy."

And in an E-mail essay on Winston Churchill's 1947 comment that "Democracy is not perfect, but it's better than any of the other methods that have been tried so far," the co ..... 
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Shame on Edwards, shame on us

Fri, Aug 29th, 2008
Posted in Commentary

John Edwards got busted by the National Enquirer. It's rather a sad thing that news sources are getting their leads from such an empty publication but I've suspected as much when watching the network news and seen headlines in papers as large as the ..... 
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Our civic duty requires informed decisions

Fri, Aug 22nd, 2008
Posted in Commentary

In the August 11, 2008, edition of this newspaper there were three commentary pieces that had me thinking for quite some time after I had read them.

In the first, former Congressman Lee Hamilton asks us to pay attention to what politicians ..... 
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Independents will elect the next president

Fri, Aug 22nd, 2008
Posted in Commentary

"There is nothing which I dread so much as a division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, is to be dreaded as the greatest poli ..... 
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When it comes to oil, are they stupid or just lying to you?

Fri, Aug 15th, 2008
Posted in Commentary

The economy is in the basement and, to top it off, energy prices are at all time highs causing increases across the board for all goods and services. This is the worst of all worlds; high prices, stagnant job creation, and low wages.

High en ..... 
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