Tuesday, August 2, 2011

Hoping against hope the Sun rises in the West tomorrow

Which is my way of saying that I hope that the 90% of professional economists who state that a government austerity plan of cutting funding with no rise in revenue will hurt the economy are wrong. I don't want the economy to get worse, I want it to get better. But the facts and views of those economists, plus historical facts, all point the opposite direction.

Is this why I voted for Obama and supported him all this time? No, I wanted a transformative President, someone who would truly stand up for the voiceless people. But that is not what we got. Instead we got yet another corporate stooge. Oh his speeches argue differently, and some of the policies of his administration seem to point differently. But when you dig into them it becomes clear that these policies were not really 'liberal' policies, they are at best Centrist interpretations. The ACA, while good intentioned, is at its heart a serious give away to the health care insurance cartel. Financial Reform didn't go nearly far enough, and is already being gutted. The 'failed stimulus' was almost 50% tax cuts, and was no where near enough actual stimulus spending. All of these point towards an Adminsitration that doesn't really believe in 'Liberal' solutions, just wants to change things a little bit, tweak them. All of which is not the actions of the dreaded Socialist Obama that the GOP likes to point to.

The best case scenario I can envision, based on what we know to be economic facts and truths, is this: the economy does not improve, but doesn't get a lot worse. And that the President, and more importantly the Progressives in Congress and running for Congress can campaign with a strategy of pointing to 2 years of a GOP 'Austerity Now' program and say: 'you had your shot, and things got worse than they were the first 2 years of the Obama presidency.' And that the people get angry enough to toss out the do nothing Conservatives and corporate stooges, and elect people who who will truly do something to help the economy, to get the government to create the Demand it needs that the corporations are not providing. I'm not going to bet on that, but that's the best case scenario I can imagine.

Worst case scenario is the economy continues in a flat line, but the Main Stream Media and corporate money get the message across that this is all Obama's fault, and Democrats fault. And the GOP takes over. The scenario in that case would be even less government spending, and a dive into a Depression as corporations flee a dying economy and dysfunctional government. Plunging the country into a dystopian corporate owned nightmare.

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