Komen Cures My Rant

I was all set to blast the cancer charity, but then cooler heads prevailed.

I was getting ready to rip on the Susan G. Komen Foundation for pulling their future grants for Planned Parenthood and then they changed their mind. So, I must now congratulate them on their wise reversal. If this debacle has had any plus side, it’s that it has educated many people on the role of Planned Parenthood. Far from an abortion mill (abortions represent less than 5% of their activities), PP  provides screenings, mammograms and a litany of other services, including adoption guidance and contraceptives. The best way to prevent an abortion remains to prevent pregnancy.

Thank you Susan G. Komen for doing the right thing.

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Want to Refute a Republican? Show them the 7’s

Are Obama’s policies failing, or are Republicans strangling the recovery?

Update: This post has been updated since the initial September 2nd posting to include a link to the statement by S&P and a more precise mark for the Dow on January 20th, 2009.

Even the most staunch Obama critics won’t deny, he was handed a crap sandwich in 2009. And no one thinks we have come back nearly far enough. But the narrative that Obama is making things worse simply does not align with the facts.

Confuse them with facts.

Now, I understand that producing charts and indexes isn’t going to pull the crowd in around you at the water cooler, so here is an easy tool for remembering where we were, economically, when the President was inaugurated. The number 7.  GDP was in a free fall at an annual rate of negative 7%. We were hemorrhaging jobs at a rate of minus 770,000 a month. The Dow had crashed to 7949 (okay, a 949 snuck in there, but you get the picture). And unemployment was at 7.7%. To compare those numbers to where we are now, just peruse the business section of any local newspaper. Most of those indicators are referenced on a daily or weekly basis.

So, for instance, today’s big number, zero. Zero jobs added in August. A big fat goose egg. Sounds terrible, and it’s not great, but remember the  7’s. Zero jobs added is far better than 700,000 jobs lost. Next, look at the stock market. Remember 7949? Even after a rocky August following the debt ceiling hostage taking by House Republicans, it still closed over 11,000. That’s a nearly 50% increase in 30 months. Oh President, please stop with your horrible policies. You’re killing my 401k (???). Let’s look at GDP. It’s limping along at 1%. But it was dropping at negative 7% when Obama took office. Turning a train that big around that fast is no small task.

And last, the big number. A number so big, it gets its own paragraph. A number so big, it will make or break the President in the next election. Unemployment. It stood at 7.7% in January 2009. It now stands at 9.1%. Unemployment is a lag indicator. In fact, the unemployment rate peaked at over 10% in early 2009. And it was starting to come down, ever so slowly, but at least it was headed in the right direction.

Enter the tea party in January 2011. When the new Republican majority took office, they said the focus would be jobs. Instead, they read the constitution into the record, passed a budget that would end medicare but not deficits and brought us to the brink of default, causing a first-ever downgrading of the U.S. bond rating. The following are two excerpts from the S&P downgrade statement:

The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.

And …

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues,

http://www.marketwatch.com/story/text-of-sp-downgrade-of-us-rating-2011-08-05

But enough about the freshmens’ glorious job-creating, freedom imploring, liberty impregnating policies. Let’s look at those pesky little numbers since THEY took office. In January 2011, when the Tea Party was sworn in, we were gaining jobs at a rate of 200,000 a month. Today, as we said, zero. GDP was growing at 2.5%, now it’s at 1%. The Dow was at 11,700, now it has dropped to 11,400. Unemployment has gone from 9.0% to 9.1%. And they’re criticizing the President’s record?

It is obvious, they both have a great deal of work to do. But you don’t. It’s easy. Just remember the sevens and you can master any Obama basher. Of course, when they say, “No way, that’s not what Sarah and Michele say”, just refer them to those pesky numbers .

Raise Your Hand And Repeat After Me …

Live, in the Iowa debate, all the Republican presidential hopefuls took the “no tax increases” oath.

[Update: The day after the Iowa straw poll, Tim Pawlenty dropped out. Rick Perry jumped in, and yes, in the September 7th debate he joined his ultra-conservative counterparts by raising his hand and taking the oath. Ross Perot has yet to be sighted.]

The moderator repeated the question, upping the stakes, asking if they would take a ten-to-one deal. Not one of them would. For clarity, he even asked them to raise their hands if they would refuse such a deal. They all raised their hands like good little Grover Norquist marionettes.

To me, this was the most revealing part of the debate. It means even if a bill offering 5 trillion dollars in cuts linked to only 500 billion (about half of what would be raised by allowing the Bush tax cuts to expire) in new revenues came to their desk, they wouldn’t sign it. Such rigid ideology is not what this country needs and it’s not what the public is looking for. A majority of Americans favor higher taxes on the upper crust as part of a balanced approach to deficit reduction. None of the candidates on stage wanted to acknowledge that, not even Romney, who used just such a balanced approach to help balance the budget in Massachusetts.

Last week’s Standard and Poors announcement specifically listed the Republicans’ unwillingness to budge on revenues as a major reason for the downgrade. It appears none of the candidates even read the report. Or they don’t understand it. They continue to push the policies, lower taxes for the richest Americans and de-regulation, which led us here in the first place. They seem more interested in keeping their pledges to the kingmakers on “K” Street than fixing the problems on main street.

Hopefully, when Rick Perry enters the fray this weekend, he’ll bring Ross Perot and some pie charts along with him.

GOP is Still the SOP – Same Old Party

Republicans offer nothing new at New Hampshire debate.

I was really hoping someone would step forward last night and offer an actual plan for creating jobs in this country. Instead it was just a seven-headed rhetoric monster. None of them had a solution.

I spent the night in a political pumpkin patch for this, Linus?

 

Cutting taxes was the mantra. But no one explained how cutting taxes would create jobs. When the moderator specifically asked Pawlenty for proof that cutting taxes would create jobs, he dodged the question. When it was pointed out that Bush cut taxes and by the end of his second term we were losing 750, 000 jobs a month, there was again, no answer. But when asked how the former governor would create the 5% annual growth for ten years projected by his economic plan (a growth rate never seen by this country in its entire history, not even after WWII) his answer was, you guessed it, cut taxes.

Many other old standards were trotted out. Unleash regulation on oil, even though domestic oil production has gone up under Obama. Bailing out Chrysler and GM was wrong even though it saved American manufacturing jobs well beyond those two companies. Medicare won’t survive unless it’s changed, but repeal affordable health care because, among other things, it changes Medicare. Social Security is insolvent, even though it’s not. Restore the integrity of our armed forces by making its members lie about their sexuality. God and freedom are the best thing ever, unless you’re a muslim, then you better just watch your ass.

And the best one of all. Ronald Reagan. I worked with Ronald Reagan, I helped pass laws with Ronald Reagan, I delivered pizza to Ronald Reagan. Ronald Reagan signed into law gun controls, abortion rights and funds to fight AIDS. Ronald Reagan created huge deficits and, you guessed it, raised taxes. If he were running today, he wouldn’t even make it past the security guards, let alone find himself on stage with the rest of these posers.

Even though I disagreed with most of what was said last night, the biggest disappointment was having nothing new to disagree with. SOP.