The Democrats and their Accomplishments

The Democratic playbook defined:

– Fight for the Working Class

– Pro-Labor, but also support Corporate America

– Strong on Education, from kindergarten through college

– Use our military when we need to defend ourselves; support our troops and military families

– Stand up for Civil Rights and Individual Rights

It was the Democrats who increased spending for Veterans’ health care, after the Republicans and the Bush administration unbelievably cut funds for wounded veterans returning home from the trumped-up war in Iraq. This was before the Financial Crisis, due in large part to the Republican ideology of little-to-no-regulation. The George W. Bush Securities and Exchange Commission allowed self-regulation by the Wall Street banks concerning the buying and selling of Subprime-Mortgage-backed Securities.

Right now, more Democratic politicians than Republican politicians advocate for renewable energy to increase jobs, build up manufacturing in the USA, and reduce carbon emissions. It was the Democratic-led Congress of 2008 that changed the solar energy tax credit so that homeowners could enjoy the same 30% tax credit that commercial entities could write down. The Republican-led Congress in 2005 limited homeowners to a maximum tax credit of only $2,000. Example of the dollar difference: under Republicans a $40,000 solar energy system would get a $2,000 tax credit, but with the Democrats in charge of Congress that same $40,000 solar system got a $12,000 tax credit. This increased tax credit made solar energy more affordable to homeowners and helped spur the adoption of solar electricity across the nation. So there’s a win-win-win-win for Democrats, homeowners, the country and the world. By the way, there are also state rebates that help lower the cost of solar electricity.

The 2007 Democratic-majority Congress “passed the first minimum wage increase in 10 years….Raises the federal minimum wage to $7.25 an hour, from the current level of $5.15, over the course of three years. Includes $4.8 billion in tax breaks for small businesses. Republicans opposed an increase passed by the House in January without the tax breaks.”

source: http://query.nytimes.com/gst/fullpage.html?res=9C06E7DC1730F935A15756C0A9619C8B63&pagewanted=all

More excerpts from The New York Times as proof of additional Democratic Congressional successes:

“Student loans

PASSED JAN. 17 (356-71)
Cuts the interest rate on federally subsidized loans to college students in half, to 3.4 percent from 6.8 percent, over the next five years…..

Stem cell research

PASSED JAN. 11 (253-174)
PASSED APRIL 11 (63-34)
Broadens federal support for embryonic stem cell research to include stem cell colonies created after Aug. 9, 2001, and stem cells derived from embryos at fertility clinics.”

source: http://blogs.wsj.com/washwire/2007/07/26/how-wall-street-helps-fuel-the-campaign-horse-race/

“UTILITIES GIRD for renewable-energy fight.

Pelosi-backed House proposal aims to wean electricity producers off coal by requiring greater use of wind and solar power. The proposed mandate, sponsored by Democratic Reps. DeGette of Colorado and Udall of New Mexico, would require utilities to produce 20% of their power from renewable sources.

U.S. Chamber lobbyist William Kovacs calls that standard ‘virtually impossible to implement.’ Adds Edison Electric Chief Tom Kuhn: ‘There’s a temptation to vote green here, but this is definitely not the way’….

Opposing Senate fuel-efficiency plan, Republican Rep. Barton aims to reduce pressure on auto makers for higher truck and sport-utility-vehicle mileage standards.”

Unfortunately, during this time period Democrats did not have a veto-proof majority. Of course, there were two more years with George W. Bush and Dick Cheney in the White House, leading up to the BIG FINISH, when Lehman Brothers, Bear Stearns, Merrill Lynch, AIG, WaMu, General Motors–along with many other banks, financial institutions, companies and individuals–went bankrupt. The Republican false ideology of little-to-no regulation left us in an economic hole so big that we had to call it something special: The Great Recession (2007-????).

Oh yeah, and the Democratic Congress stopped George W. (“Wrong-way”) Bush from turning our Social Security checks into poker chips for the stock market tables. Remember, Bush wanted to “privatize” Social Security. If we took Bush’s advice and turned Social Security over to Wall Street (mutual funds, 401ks, etc.) then our greatest safety-net program would be bankrupt too. Democrats saved Social Security from falling with the Dow, which had a high of over 14,000 in October 2007 and is now hovering around 11,000.

source: http://finance.yahoo.com/echarts?s=^DJI+Interactive#chart1:symbol=^dji;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Democrats created Social Security, Medicare and Unemployment benefits during the Democratic presidency of Franklin Delano Roosevelt–the only president to be elected 4 times. This was after 3 consecutive Republican presidents led to the Great Depression. In 1963, Democratic president, John F. Kennedy, ordered the National Guard to escort black students to classes on the newly desegregated campus of the University of Alabama. JFK also introduced legislation a few months before his assassination that would become the Civil Rights Act of 1964.

IMPORTANT: The 2010 Citizens United Supreme Court case changed the money/marketing game for political campaigns and election TV commercials, tilting the advantage toward the current Republican Party.

source: http://www.newyorker.com/talk/comment/2011/03/07/110307taco_talk_hertzberg

“Of the five biggest non-party organizational contributors to political campaigns in 2008, the top two were unions, both of them pro-Democratic and both composed partly or wholly of public-sector workers. The other three were pro-Republican business groups or PACs. In 2010, after the Supreme Court threw open the cash sluices in the Citizens United case, only one union made it into the top five, and it came in fifth. And from now on, thanks to five Justices, corporate campaign spending will be literally limitless.

Yes, unions will have the same freedom. But unions are already maxed out—and their resources, stretched to the breaking point, are diminishing. If, as Anatole France observed, the law in its majesty forbids rich and poor alike to sleep under bridges, the Supreme Court, in its majesty, permits both to spend as much as they can lay their hands on. If a Republican Party that has lately become rigidly, fanatically ‘conservative’ can succeed in reducing public-sector unions to the parlous condition of their private-sector brethren, then organized labor—which, for all its failings, all its shortsightedness, all its ‘special interest’ selfishness, remains the only truly formidable counterweight to the ever-growing political power of that top one-thousandth—will no longer be anything close to a match for organized money. And that will be the news, brought to you by a few very rich, very powerful Americans—and many, many billions of dollars.”

source: http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldata&blobtable=MungoBlobs&blobheadervalue2=inline%3B+filename%3DUS_Downgraded_AA%2B.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1243942957443&blobheadervalue3=UTF-8

EXCERPT:

“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….

Outlook

The outlook on the long-term rating is negative. As our downside alternate

fiscal scenario illustrates, a higher public debt trajectory than we currently

assume could lead us to lower the long-term rating again. On the other hand,

as our upside scenario highlights, if the recommendations of the Congressional

Joint Select Committee on Deficit Reduction–independently or coupled with

other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for

high earners–lead to fiscal consolidation measures beyond the minimum

mandated, and we believe they are likely to slow the deterioration of the

government’s debt dynamics, the long-term rating could stabilize at ‘AA+’.”
____________________________________________________________________________________________________________

Both Warren Buffett and Robert Reich argue for increased taxes on the Super-Rich, in order to increase revenue for the federal government.

source: http://www.businessinsider.com/the-great-switch-by-the-super-rich-2011-5#ixzz1VgSHrNn3

“The great irony is if America’s super rich financed the U.S. government the way they used to – by paying taxes rather than lending the government money – that long-term budget deficit would be far lower.

This is why a tax increase on the super rich must be part of any budget agreement. Otherwise the great switch by the super rich will make the income and wealth gap far wider.

Worse yet, average working Americans who can least afford it will either lose the services they depend on, or end up with a tax burden they cannot bear.”

source: http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html

“To understand why, you need to examine the sources of government revenue. Last year about 80 percent of these revenues came from personal income taxes and payroll taxes….

But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.

My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”

There is no direct correlation between taxes and job creation. That is the Republican false claim, called “Trickle-down” economics. The idea is that lower taxes and lower regulation allow investment and growth in companies, which, as the the theory goes, benefits investors, pensions and employees. But in reality “trickle-down” did not work: the rich got richer and the rest of us got stagnant wages and multiple recessions. Ronald Reagan tried “trickle-down” in the 1980s and, even though it did not benefit the majority of Americans the first time, George W. Bush tried “trickle-down” economics again in the 2000s–Bush Tax Cuts for the Superwealthy in 2001 and 2003.

Read the original Op-Ed from Warren Buffett…

source: http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html

“Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.

I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.”

Buffett is stating that there is no direct correlation between taxes and job creation. He presents the evidence that we had lower taxes on the Superwealthy for 10 years but had “far lower job creation” during that same time period. He also points out that during a 20-year period (1980-2000) when we had higher taxes on the Superwealthy we also had 40 million new jobs. However, Buffett is not making the claim that higher taxes necessarily lead to more jobs. I do not believe Democrats believe higher taxes equal more jobs. I do, however, believe that the Democrats in Congress and in the White House believe correctly that higher taxes on the Superwealthy will create more revenue, which will enable us to pay for services that the majority of Americans depend upon and at the same time help us to lower our national deficit.

About Universal Health Care…what do you want? A perfect world? Ain’t gonna happen. The Democratic leadership passed a practical solution during a time of Republican demagogues screaming about “death panels” and “pulling the plug on grandma.” The ideological followers in the Tea Party staged a mass prayer session in front of the Capitol building to protest against the passage of the health care bill. The Democrats are doing a great job considering that they are up against a well-financed propaganda-prone Republican Party and their credulous followers, who pose as the obdurate opposition to anything that Obama and the Democrats try to do. I don’t want the Democrats to turn into a mirror image of the propaganda/marketing/P.R./branding machine that the Republicans represent. I want Americans to read more, to educate themselves with fact & evidence, and to discuss what’s going on in their country with the aim to benefit the majority of U.S. We, the People, elect our representatives. V-O-T-E.

Now all we have to do is readjust tax levels to the Clinton years–when everybody was flush with cash–so that we can generate enough revenue to pay for services, like Public Schools and Universal Health Care.

Wrong-way George>>>Breaking up the terrorist training camps in Afghanistan: good. Letting Osama bin Laden escape: bad. Starting a false war in Iraq for the majority benefit of military contractors, like Dick Cheney’s Halliburton: priceless.

https://fandecande.wordpress.com/2011/01/30/september-11-2001-2/

Remember, it took the Democratic president, Barack Obama, in order to get Osama bin Laden.

https://fandecande.wordpress.com/2011/05/02/it-took-president-barack-obama-in-order-to-get-osama-bin-laden/

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