|A DEBT FREE AMERICA
There was a time in history when America was debt free!
On Thursday, January 8, 1835 was the only day America has been debt free and it was during Democratic President
Andrew Jackson (1829-1937).
difference in the money the government takes in and what it spends
each year. Debt is accumulated deficits,plus interest."
The financial crisis of 2007–2008 was because both Republicans and Democrats failed to see the big picture.
What was the cause Global Financial Crisis? Plain and simple, deregulation of banks and lending institution as well as
unconventional business practices.
Banks would lend money without checking resources to repay the loans. This affected home loans, auto loans and credit
cards. And with these problems, it enabled institutions and investors around the world to invest in the U.S. housing
market, which resulted in significant losses. Falling prices also resulted in homes worth less than the mortgage loan,
providing a financial incentive to enter foreclosure. The ongoing foreclosure epidemic that began in late 2006 in the U.S.
continues to drain wealth from consumers and erodes the financial strength of banking institutions. Defaults and losses on
other loan types also increased significantly as the crisis expanded from the housing market to other parts of the
economy. Total losses are estimated in the trillions of U.S. dollars globally. Due to the deregulation, the economy
became so fragile, that it collapsed.
The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that...
How far have we come since the "Financial Crisis"
As of Tuesday, September 18, 2012, AIG has begun to repay the $182 billion loan. The economy and job growth has
slightly improved. Stock trade is 15 to 20% higher and economist feel it is time to lock in on some of your investments.
the Democrats always support matters that make every day life for the
majority of folks easier.
New York Senator Chuck Schummer had always defended the tax codes but now, it is the same tax code that allows
people like former governor Mitt Romney to pay lower taxes than middle-class workers.
Democrats initiated the following:
Obama failed to talk directly to the American people. In my opinion, he assumed too much. He assumed that they knew
he did not control anything and could not do anything without the blessings of a Republican-controlled Congress. He
assumed that they knew that just because he is the President, the unemployment rate would not just decrease with the
sign of his pen, that taxes would be immediately slashed and the housing market would instantly improve. He assumed
that The People knew that deregulation, low wages, debilitating unions and tax cuts for the wealthy, was the reason
America was facing economic decline. He assumed that they knew the reason he wanted the debt ceiling raised was to
help those who were unemployed. He assumed that they knew that the Global Financial Crisis was created PRIOR to
his presidency and that it was considered to be the worst financial crisis since the Great Depression of the 1930s. He
assumed they knew that the Republicans were truly enjoyed watching him fail. That it was the Republicans who kept
blocking his Bills to decrease unemployment and Bills that would have aided Veterans. Obama just assumed way too
much. He assumed that they knew, but they did not.
It is uncertain, but perhaps Obama would have received a better reception this second time around had he bailed out The
People instead of the greedy corporations. If the Bush tax cuts truly created jobs, then the unemployment rate would not
have gotten so high.
Although the Republicans constantly played dirty in not helping the American people, Obama was able to extend the
unemployment insurance and cut payroll taxes.
Under President Obama
Although Obama has had plenty of obstacles to do his job, below is just a few of the things he was able to accomplish;
with no thanks to the Republicans in Congress:
For a more detail yet incomplete list, click HERE.
downturns, including the two greatest economic collapses in our history.
Blocking Voting Rights
up to them, they will continue their regime until their own demise. For
them, power is everything and if they can obtain and retain, the stronger
they are as one. Forget the rights of The People, because according to
Republicans, it is not about The People.
voting for Democrats - at all cost.
would suppress voters. They claim it is to stop fraudulent voting.
However, according to a recent study by the nonpartisan Brennan Center
occurred with those persons with felony convictions who were not eligible to vote after being released from prison.
Republicans view voter suppression as their way of "dividing and conquering."
Besides, President Obama, Republicans biggest enemies are anything that empowers and assists 99% of Americans.
|REPUBLICANS vs. DEMOCRATS
and if there was just one word to define either Party it would be easy to
Progressive and Republicans - Regressive.
The Democrats enjoys giving while the GOP enjoys taking.
As spoken by the great Alan Grayson, "Americans has the choice between the Meanies and the Weenies. The
Meanies are the Republicans that want to take all your money, and the Weanies are the Democrats that allow
them to do it."
It should be noted that when some Republicans run for office, they run under the guise that they are willing to work for
the middle class, but when they get into office, it's as if what they said previously has been forgotten. And, it works too,
well, at least in most cases. When Republican Wisconsin Governor Scott Walker ran for his seat, he ran under the
pretense that he was for the middle class, but once he got in, he immediately began stripping Unions of their bargaining
rights. Furthermore, although Wisconsin's unemployment rate was at its lowest level since 2008, Wisconsin lost more jobs
than any other state between March 2011 and March 2012. Oh how upsetting this was to Wisconsins! Both nonpartisan
and non-Union Wisconsinites fought to recall Walker. And amongst them, were teachers and other public sector workers
who had already agreed to have their pensions and salaries cut, but they felt deceived as Walker had lied to them.
Before his election, he said that there wouldn’t be any more cuts. Wow!
The protest of demonstrators lasted for weeks at a time- drawing between 25,000 and 30,000 protesters who took over
the Capitol Square. Although were not able to recall Walker, it should be acknowledged that they fought hard and long.
Republican Ohio Governor John Kasich said that public workers were "moochers" and "slackers" who are living off the
government and taking from the rich.
| The Difference Between Republicans and Democrats
|All contents Copyright (Keeba Smith) or other copyright holders. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed for any commercial purpose.
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|Created Thursday, October 18, 2012
Posted Friday, October 19, 2012
Filed under Commentary
|Keeba Smith is a published writer and desired screenplay artist. She is the author of “Shades of Bright Pale,” and many other
unacquainted writings. Please visit www.Keeba.org to find out more about Keeba Smith, read additional critiques and her
unpublished autobiography, “Spirit in the Dark.”
|Tags: Keeba, Commentary, Government Officials Racists Comments, Evan Bayh, Healthcare, Barack Obama, Blacks Working,
|Although I believe most politicians are colorless, there is a considerable difference between
Republicans and Democrats.
After careful consideration, I took some time (a lot) to make a distinction between the two.
RONALD REAGAN (1981 - 1989)
office, unemployment went from 7.5% to nearly
10%, but on the day of his reelection, it fail from
9.5% to 7.2%.
taxes 3 times. He also raised taxes for Medicare,
Social Security and disability programs, and tripled
the deficit. He slashed more programs that helped
the poor and family savings rates declined while
the borrowing rate climbed.
began to lend more. Although people were not
being paid enough to take out loans, they took
them anyway to pay other bills. More people went
Under Reagan, it was obvious that it was he who presented an easier way to redistribute wealth to
the wealthiest as the rich got richer, and the rest of the nation struggled to keep afloat.
GEORGE HERBERT WALKER BUSH (1989 - 1993)
stated "Read my lips: no new taxes." Although he complied
with his statement, he did not hesitate to increase existing taxes.
Actually, in his tax policy speech, he stated that he would "not
raise taxes, " and then at the end said, "Read my lips: no NEW
forced to do so, as the deficit was continually growing and he
needed a way out of our economic struggle. Either way, the
people remembered him saying that he would not RAISE taxes.
and because of the disagreement with Congress, the
government was shut down for three days.
With low interest and inflation rates, unemployment was 7.8%, the highest since 1984 and 14.2%
of all Americans lived in poverty.
Again to his credit, Bush will always be remembered as being strong in his knowledge in foreign
policy. Although he experienced global success, the struggling economy ultimately lead to his loss
in being reelected.
Despite Bush's shortcomings, he is mindful of our 37th president and not the worse Republican
WILLIAMS "BILL" CLINTON (1993 - 2001)
39% and over 23 million jobs were created. Between
1993 and 2000, wages increased by 6.5%. (They were
down during the Reagan and Bush years.) Under
Clinton, the middleclass was able to witness the economy
expand 4% and wages increased for the first time since
created; allowing 4.1 million children to be lifted out of
poverty. (When Reagan was president, only 50,000 kids
left the ranks of poverty.)
was the author of the Earned Income Tax Credit (EITC);
more people get into college.
Unemployment for Blacks dropped to 14.0% in 1992 and to 7.6% in 2000.
In 1999, the median income for Blacks was 7.7%. (The largest increase ever recorded.) The
Black poverty rate fell to nearly 30% and teen pregnancy and infant mortality dropped
dramatically. In 1996, the minimum wage increased for the first time since 1990 and only the
second time since 1980. He also implemented the Head Start Program.
Clinton used tax codes that provided tax credits that made millions of low-wage workers better off
financially and helped many more families the ability to afford college.
If you listen to President Obama's idea's, it is almost as if he stole most if not all of them from
Clinton; ideas geared toward helping the poor.
Although Congress shutdown the government twice during his presidency, Clinton had both
economic and global success, making it easy and obvious for his reelection.
|GEORGE W. BUSH (2001 - 2009)
that Clinton had previously done never existed as the Republicans quickly
reversed them…fairer tax codes and all.
helms, he managed to get it to 7.2%.
After 9/11, both fire fighters and police officers went to ground zero to help
survivors and remove dead bodies. Responders and survivors suffered not only
respiratory illnesses, but also other deadly infirmities. And instead of being
acknowledged for their heroism, the GOP blocked funding to aid those police
officers and fire fighters. It was noted by an pollution expert that the dust from
the collapsed towers was "wildly toxic". According to other experts, the
thousands of tons of toxic debris resulting from the collapse of the Twin Towers
consisted of more than 2,500 contaminants. And more specifically, 50%
carcinogen asbestos, as well as detectable amounts of lead, and mercury. There were also unprecedented levels of
dioxin and PAHs from the fires, which burned for three months. Many of the dispersed substances (asbestos, crystalline
silica, lead, cadmium, polycyclic aromatic hydrocarbons) are carcinogenic; other substances can trigger kidney, heart, liver
and nervous system deterioration. This was well known by the EPA at the time of collapse. A Centers for Disease
Control and Prevention (CDC) and National Institute for Occupational Safety and Health (NIOSH) funded case report
performed by Mt Sinai observed carbon nanotubes in dust samples and in the lungs of several 9/11 responders.
By 2006, the Democrats took back the House and Senate for the first time since 1994.
The war in Iraq was from March 20, 2003 to December 18, 2011. When a vote was taken in the Senate, 29 out of 50
Democrats voted to go to war against Iraq. (Hillary Clinton voted to go as well.) (Then Indiana Senator Evan Bayh said
that the reason he signed in agreement to go to war in Iraq was because the majority of Americans "tend to trust the
Republican Party on issues involving national security." He said that the Democrats wanted to improve their image "by
taking a more aggressive posture with regard to Iraq, empowering the president.")
Hurricane Katrina - 2005
The Republicans sat idly by while poor Blacks were left stranded on the rooftops after hurricane Katrina. Hurricane
Katrina was the deadliest and most destructive Atlantic hurricane of the 2005 Atlantic hurricane season. It was the
costliest natural disaster, as well as one of the five deadliest hurricanes, in the history of the United States. Among
recorded Atlantic hurricanes, it was the sixth strongest overall. One thousand, eight hundred and thirty three people died
in the hurricane and subsequent floods, making it the deadliest U.S. hurricane since the 1928 Okeechobee hurricane; total
property damage was estimated at $81 billion (2005 USD). (Nearly triple the damage wrought by Hurricane Andrew in
Under Bush, two wars were started, taxes were slashed for the rich and there was an added expensive entitlement to the
Medicare prescription drug benefit. How could anyone in their right mind expect that the economy would have dire
Just as Mitt Romney said on those tapes, "…the economy will take care of itself, " the Bush/Cheney Administration, felt
the same way. However, they did not take into consideration that the working class could not stop financially sinking.
Instead of Bush and his team recognizing that they created a financial mess, they blamed the victims that were no longer
able to afford to live on their meager wages. Moreover, because of the financial collapse, the working class could not
borrow from the banks.
Under Bush, unemployment increased, tax receipts declined and food stamps were at a higher demand. For those people
who wanted to get an extra job, they could not because no one was hiring. And companies couldn’t afford to hire more
people because people were not able to buy their services.
Under Bush, the economy worsened by not only public greed and stupidity but also Wall Street saw their need and took
advantage. During this time, it was the slowest of economic growth since World War II. Additionally, job creation was
the worse since World War II; household income decline for the first time the Census Bureau tracked the data in 1967.
BARACK H. OBAMA, Current President (2009 - 2016)
Bush left office, he graciously left President Barack Obama a whopping $1.0 trillion
showed that deficits don't matter."
a socialist and was accused of not being a natural born citizen. By the way, the
terrorist claims was first initiated by Republican Arizona Senator, John McCain and his
VP running mate Alaska Governor, Sarah Palin and then it became a norm for their
Republican Pennsylvania politician Rick Santorum jumped on the "Birther" issue as
There was a lot of animosity coming from the Republican Party during the presidential race, that Republican Pennsylvania
politician Rick Santorum stated that he did not want to make "Black people's lives better by giving them other people's
money." Additionally, the Republicans were against the EITC as they said people who paid no taxes were making taxes
increase for the rich.
During Before Obama's presidential run, some people were not ashamed to admit that they just could not see themselves
voting for him all because he's Black.
Before Obama stepped in his role as President of the united states, he was faced with a financial crisis and was
considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.
As the years followed, House Republican Leader, John Boehner seem to approve of his Republican colleagues of saying
that Obama was not born in America. Moreover, Republican Georgia politician Newt Gingrich called Obama a "food
stamp president." However, according the U.S. Census Bureau, 46 million people are on welfare and 7.5 million receive
food stamps; more than half of each is White. Moreover, according to the United States Department of Agriculture, out
of 100% of recipients (not population, but recipients), the breakdown is reported as follows:
Like other forms of government spending, SNAP (Supplemental Nutrition Assistance Program) increases aggregate
demand and stimulates the economy. Every $1 of food stamp money generates $1.84 in the economy. In 2011,
Secretary of Agriculture Tom Vilsack estimated an increase of 82,100 jobs and $9.2 billion increase in economic activity
(production, sales, and value of shipments) due to the SNAP.
After just 3 months in office, many people felt that Obama was spending too much time on deficit spending, but the truth
is that the deficiency was created (started) before he became President.
During Obama's first year in office, people earning less that $200,000 annually had lower taxes, but Obama did not
receive any credit for keeping this campaign promise.
Once Obama took the helms, he barely got the Senate to pass a $787 billion stimulus Bill although 40% of it went to
During the debt-ceiling debate, Obama wanted the Republicans help to reduce the deficit; stating that was the reason for
requesting it to be raised. However, the Republicans would not budge, as they knew that if the economy did not improve,
it would make Obama look like a failure.
Alternatively, some critics felt that Obama let the Republicans steam-roll him; leading them to believe that debt reduction
was more important than lowering the unemployment rate. (It should be noted that several economists - including John
McCain's economic advisor Mark Zandi - felt that Obama was on the right track in improving the nation's economy.)
With the blatant hatred towards Obama, it is not surprising that he faced much opposition from the Republican Party and
In 2010, support for the Democrats evidentially waned as the Republicans picked up 60 seats and gained control of
Congress. It is believed that the Democrat House loss was due to the Wall Street bailout. While unemployment was
close to 10% and CEO's received 20% raise increase, the American people need their "bailout." The People felt that
Obama failed them by bailing out Wall Street in lieu of bailing out Main Street. Instead, they received nothing but a bill;
while they were already suffering and unemployed.
It should be noted that Obama tried to get Congress to pass a Jobs Bill that would keep firefighters and police officers
employed, but again he the obstructionist-Congress would not approve it. Instead, Kentucky U.S. Senate Republican
Leader Mitch McConnell said it was just another tax to place on The People. You see, for Congress, it was fine for the
banks and large corporations to receive a bailout, but not the American people: the middle and working class.
Before Obama's presidential election, some people were not ashamed to admit that they just could not see themselves
voting for a Black man and some of those same people still feel the same way today.
|This entry was posted on Friday, October 19, 2012 and is filed under Keeba’s Commentary and Political Notes.
To send a comment, click here. (comments are posted here)
|"…the crisis was avoidable and was caused by: Widespread failures in financial
regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages;
Dramatic breakdowns in corporate governance including too many financial firms
acting recklessly and taking on too much risk; An explosive mix of excessive borrowing
and risk by households and Wall Street that put the financial system on a collision
course with crisis; Key policy makers ill prepared for the crisis, lacking a full
understanding of the financial system they oversaw; and systemic breaches in
accountability and ethics at all levels."
|Ronald Reagan George Bush Bill Clinton George Bush
|Although I have crossed Party lines to cast my ballot, I have since saw the error of my ways, as the days of
Ronald Reagan and George H. W. Bush are no more and will NEVER return!
The Democrat Party is not without fault, but from this day forward, Thursday, October 18, 2012,
they will ALWAYS have my vote!
…unless there's a Keeba Party, at which time I will shift my allegiance.