In the aftermath of the debt ceiling crisis there seems to be a consensus that President Obama somehow took a political hit by bowing to the Tea Party. But, did he really? Obama’s liberal base isn’t very happy as they view his actions as a capitulation. But what did he give away? Some theoretical numbers that may or may not occur?
It seems to me that if anyone took a hit it would be the Tea Party since they were unable to bring home the debt reductions they had promised its ardent followers. However, if the Tea Party thinks they won this battle then the immediate gratification that goes along with a victory is somehow missing in action.
According to Jacob Sullom’s commentary in the Chicago Sun-Times: The debt deal, which authorizes the federal government to borrow another $2.1 trillion on top of the $14.3 trillion it already owes, supposedly includes “$2.5 trillion in cuts.” But as Sen. Rand Paul (R-Ky.) emphasizes, those are cuts from a projected baseline in which the national debt grows by $10 trillion during the next decade, which means “the best case scenario is still $7 trillion more in debt over the next 10 years. ”Paul also notes that the vast majority of the “cuts” are not scheduled to take effect for years, raising serious doubts about whether they will happen at all. “Why do we believe that the goal of $2.5 trillion over 10 years . . . will ever be met,” he asks, “if the first two years’ cuts are $20 billion and $50 billion?”
I will say this though, the Tea Party definitely showed the country that a group of mavericks can disrupt the sausage-making process in Washington. But was it effective? As I think back on the events leading up to the crisis, there still seems to be a pervasive ugliness in our political process that in the end allows us to solve nothing. As such, I still happen to believe that most Americans are sick and tired of the constant rancor between two political parties acting like immature spoiled brats and want its politicians to solve its problems once and for all. America is in crisis and it is time that the peoples business be addressed in earnest!
How is it that a room full of average people, with differing ideological perspectives, can sit down at the same table and discuss the same issues politicians face and come up with a slew of common sense suggestions while they cannot? And that is really the bigger issue, isn’t it?
Look, no one will deny that our country cannot continue to operate in the irresponsible manner it has. There must be a complete and fundamental change in the way America does business. Let’s face it, we are no longer the most dominant economy in the world in large part due to our lawmakers.
America has shifted from being a strong manufacturing economy to that of being a service orientated one. And that has had a lot to with decades of bad government policy. Then again it hasn’t helped that our lawmakers got into bed with Big Business either. It has been their combined actions that have destroyed what once made America great.
American lawmakers need to get off their damn asses and get serious about passing legislation that promotes job growth and punishes corporations that like to play on both sides of the fence. You simply cannot give corporations huge tax incentives while watching them downsize and move operations to sweatshop nations in an effort to avoid paying their fair share.
After all there is a cost to doing business!
However, if corporations want to move – you can’t stop them. However you can put some pretty stiff tariffs on their products as they come into the country. One way or the other Big Business must pay for the privilege of supplying American consumers. And to all those naysayers who say that companies will just pass those costs on – think again. Smart American Entrepreneurs will just open businesses to supply that void at a competitive price.
Besides, are these “cheap” products currently being made in those overseas sweatshops really worth the price we pay? If you haven’t noticed the quality is at an all time low and having to buy multiples of the same item don’t exactly save money in the long haul.
If politicians want to claim victory after this last brouhaha, then it is time that they explain how their victory is going to get America back to work! It behooves me that we allow politicians to continue jerking us around with half-baked economic policies designed to further cripple what has always been America’s greatest asset – its workers! It really is our fault for not being smarter and buying the same old shit over and over again.
But it is time we stand tough and tell our lawmakers that if they really want to reduce the debt then they need to sit down and bring our country back to what it does best.
Personally I don’t give a damn if Obama or the Tea Party won –
Americans still lost!