President Obama and the Case for the Economy

It seems the theory that ?justifies the privilege of the wealthy and demonizes the poor and the middleclass? is still very much alive among Congressional and House Republicans.? In the wake of President Obama?s economic vision for a new American prosperity, they have again advanced for the ?rhetoric kill.? Even in the face of economic gloom, ?repeal? is the match that illumines their gleam. Accordingly, the stage is now set for the battle between House Republicans and the White House on the debt ceiling and the budget.

At a time when the President stands between the? important economic decision of naming a new individual? to chair the federal reserve and just two months? before the government reaches the end of? its fiscal year, his refrain on decisions to grow the economy and the middleclass couldn?t come at a more opportune time.

But Republicans are not regaled.

Indeed! ?Washington has taken its eye off the ball with an endless parade of distractions, political posturing and phony scandals and it is time to stop,? is the President?s strong affirmation, but this too is greeted in denial by his opponents.

?Manufacturing jobs, investments in research, science and education and transportation and information are the cornerstone of the middleclass? he further asserts, but in a distressing contradictory tone, Senate Minority leader Mitch McConnell (R-KY) labels it as ?preheated rhetoric.?

Moreover, in an attempt to deny economic reality and fostering a ?dictatorship from the extreme right,? House speaker Boehner further exalts his allegorical version of the Presidents idea as ?an Easter egg with no candy inside? and lauds his ??claims?? of ?delaying elements of the 2010 health care law and approval of the Keystone XL pipeline as? instant antidotes for the economy.

According to the President, ?none of this adds up to an economic plan? and while he seeks to paint the economic portrait of rebuilding the middleclass, affordable healthcare, inexpensive higher and early education, the housing market and retirement security, Congressional and House Republicans are choosing to create their own economic myths and adopting their ?Randian? premise of objectivism as a foundation for promotion of their own self- interest on the economy.

It may be true that ??speeches do not unclog the system,? but the Republicans denial of economic reality and their resort to objectivism not only places them on a murky depth of ?22 percent among public approval,? according to McClatchy-Marist polls, but also shows that objectivism is a philosophy that glorifies elitism. In a society dominated by religious and political scruples, it is difficult to see how objectivism provides any form of intellectual foundation for balanced standards of truth and value where the economy is concerned.

Yet they remain immune to logical reasoning.

Although critics emphasize that ?the President has focused too much on reducing equality rather ?than increasing growth,? it must also be mentioned that? policies such as the ?American Job Act? and increased infrastructure that? the President proposes to increase growth only continues to meet with sharp opposition? from House? Republicans.

And so it is time that Republicans realize that we cannot live in an Ayn Rand ?fictional world. Instead of adopting Orwellian euphemisms like ?new normal?? cavorting fear, delaying progress and focusing on controversies that offer distractions from the real issues, engage in bipartisan debates on how to grow the economy and the middle class.

?If Washington shakes off its complacency and set aside some of the slash-and-burn partisanship we?ve seen in recent years, then our economy will keep getting stronger.?

Thus is the array of economic policies as they unfold in Washington.

Source: http://www.nationofchange.org/president-obama-and-case-economy-1375105118

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