WILL AMERICANS embrace austerity through Mitt Romney’s candidacy and his advocacy for Paul Ryan’s budget, just as Europe is turning away from austerity after having learned it doesn’t work?
It’s the 2012 $64,000 question.
Merkel’s loss comes in the wake of socialist and anti-austerity candidate François Hollande’s victory in France, with the American presidential election being played out across the pond on similar turf.
Chancellor Angela Merkel’s conservatives suffered a crushing defeat on Sunday in an election in Germany’s most populous state, a result which could embolden the left opposition to step up its criticism of her European austerity policies. – Reuters
Part B of the question is whether voters will buy that Pres. Obama doesn’t have his own austerity lane.
It’s seen through his continued focus on debt instead of raising revenue, “Simpson-Bowles” and the ludicrous notion that entitlements are the problem, when it begins with revenue and the Pentagon, while Pres. Obama uses the fake bogie man of entitlement “reform” to suck up to conservative independents, while handing out goodies to his base as pacifiers. Considering progressives and other Democrats act like children when it comes to progressive economics, as well as individual rights, it’s what they deserve.
Obama’s triangulating populist hypocrisy that’s being trotted out for his reelection is obviously going to make partisans feel warm and cuddly in the “lesser of two evils” electoral sweepstakes, but it doesn’t stand up to the reality that Obama’s in the business of protecting the American Wall Street game, which is in direct conflict with strengthening the middle class.
It’s seen through Larry Summers and Tim Geithner, not to mention passing up Elizabeth Warren for the CFPB, but also through Jamie Dimon and the JPMorgan Chase loss of $6 billion, which proves nothing has really changed during Pres. Obama’s tenure.
Also gnawing should be Obama’s back room deals with private insurance and Big Pharma, as well as the Stupak Amendment that codified the Hyde Amendment into ACA, taking it out of the yearly HHS budgetary process, not to mention Obama choosing conservatism over science on Plan B. The first time a sitting Democratic president ignored the F.D.A. and facts, preferring emotional fiction.
Contraceptive coverage was a huge move, as was signing the Ledbetter Act, though that’s something any Democrat would have done, coupled with DADT, and all deserve to be lauded, which I have, without which there would be no liberal case to even consider Pres. Obama.
Turning to Andrew Sullivan’s most fawning rhetorical fellate of Pres. Obama since his “face” scribblings, as much as I applaud Pres. Obama evolving on marriage equality, policy hasn’t changed one whit. The credit deserves to be shared with the much more heart felt, honest and damned with faint praise candor of V.P. Joe Biden, who on “Meet the Press” had an epiphany in plain sight, which was the most refreshing instant of truth in American politics, which of course is considered a gaffe due to its obvious transparency, not the least of it because it was said by a devout, practicing Catholic in a statement that defied the Pope.
When we turn to foreign policy, between Obama’s convenient Libya involvement, juxtaposed against the inconvenience of Syrian war crimes, with our Afghanistan financial investment continuing until 2024, a positively ludicrous economic commitment that Americans should be protesting in the streets, it’s hard to see any difference between right and left, which is all about ease not purpose, and why the world game of risk never changes. We place our bets on outdated military outposts, drone strikes and assassinations instead of economic weaponry that’s clearly in the American arsenal to use. Our dirty little secret being our leaders, both political and financial, evidently don’t know how to employ the military if they bring them home, because they don’t have the brains to utilize investment and education instead of bombs, at home and around the world.
Of course, if you think Obama’s bad, Romney would embrace a similar austerity plan that’s brought the euro-zone to the brink, and make much of what is even worse, especially where women’s individual freedoms are concerned. This sets the picture on the paucity of choices facing American voters, with which they continue to be satisfied because Americans never threaten to take the Democratic and Republican purchase of the presidency on directly.
Amid this climate team Obama has released a campaign video (seen above, with the longer version below) to go at Mitt Romney on his tenure at Bain, which today seems like synchronicity. Job creation lays at the feet of both candidates, with American economic competitiveness in the world at issue. The Obama ad is yet another indictment of Romney’s choices that puts shareholders above the middle class; the very people who are the economic engine of this country. Pres. Obama’s efforts toward the American car industry versus the Romney bankruptcy model would be a worthy topic for any debate. It would pit the top 2012 issue, economics, and Obama’s restructuring against what Romney said occurred, which he believes was actually a restructured bankruptcy for the industry. I’m just wondering if there’s a moderator out there who could navigate it.
If the middle class can’t spend our economy won’t move. It all revolves around a living wage, not just shareholder value. Two jobs to cover the bills isn’t the answer and neither is bailing on universal health care, something both parties have done.
The other issue is that concerning Wall Street, neither Pres. Obama or Mitt Romney are the men to alter the reality, because both bring their own brand of austerity economics to the presidency, coupled with a cozy relationship with the very people who have made our economic pain terminal.
With Congress a feckless hallow unable to challenge the Executive branch on anything, because instead of an equal branch they’ve become a propaganda organ, America is poised to continue moving slowly in place when urgency, action and foundational change are what’s required.