and we’ll take your handbasket too
Ugh, some grim jobs news today. The Obama administration and every Democrat in congress should be working their asses off on one thing, and one thing only; jobs. When they are in their home states/districts over the summer recess, they should be telling everyone how republican policies and obstructionism are big reasons why there are no jobs. When they are on the floor, they should be telling deficit hawks in congress, and their few loud-mouthed minions in the
Republican tea party; “fuck the deficit. When people can feed their children, when people can stay in their homes, when people have jobs, we can talk about the deficit.”
Unfortunately, republican obstructionism makes passing anything like a jobs bill or second stimulus that would actually help Americans, unlikely. What republicans in congress are doing is transparently obvious. And sickening. And pisses you off. Deliberately throwing a wrench into the economy, to derail recovery in order to then blame democrats so they can win elections, is abhorrent, and proves that all republicans care about is who will give them more money, and holding the government purse strings. Contrary to their screeching, they don’t give a flying fuck about deficits either, they just want the money to go to their wealthy masters. And war, always more war. And for persecuting the scary “other” du jour.
What’s even more abhorrent, though, and what can make a person lose all hope, is the fact that the economy could be a lot stronger than it is without any more government involvement. Private enterprise in this country is sitting on 1.8 trillion dollars. 1.8 trillion fucking dollars.
The Federal Reserve recently reported that America’s 500 largest nonfinancial companies have accumulated an astonishing $1.8 trillion of cash on their balance sheets. By any calculation (for example, as a percentage of assets), this is higher than it has been in almost half a century. Yet most corporations are not spending this money on new plants, equipment or workers. Were they to loosen their purse strings, hundreds of billions of dollars would start pouring through the economy. These investments would probably have greater effect and staying power than a government stimulus.
All because the poor, persecuted CEOs think the POTUS is a big meanie for wanting to regulate their greed, and also he has no CEOs in his Cabinet.
So, on one hand we have a government unable to boost, or even sustain recovery because they are hamstrung by a party dedicated to destroying the economy, and on the other, private enterprise that could inject the economy with tons of cash, sparking job-creating economic activity, but won’t because the president hurt their fee-fees. None of them seem to give a shit about the millions of real people suffering as a result of their pettiness and uber-partisanship. This stinginess of the private sector should raise alarms as well. At any time, now or in the future, if the corporations don’t like who We the People elect, they can just turn off the tap, snow us all with a little media-enabled PR about how its all “President X and his cohorts in Congress’ fault,” and hold the economy hostage until someone more to their tastes is elected. And, thanks to Citizens United the corporations can spend as much money as they want getting them elected.
Almost makes one wonder if politics is even real anymore, or worth the time. We live in a country where one of the political parties is telling Americans to “go to hell,” and CEOs are saying “and we’ll take your handbasket too,” because they don’t want us to be too comfortable on the way down.