Tuesday, November 9, 2010

Tea Anyone?

While the Tea Party movement in America may be a sign that Democracy is alive and well as former President Bush recently noted, I believe that many of the Tea Party's ultra-conservative ideas are going to drag the country backwards at least in the short term. Don't get me wrong there are many ideas that have been floated such as cutting program administrative costs rather than cutting the programs and making government smaller that I do agree with. At the same time I am worried that all this cutting is going to be counter-productive to advancing the issues and programs that I believe are vital such as the Affordable Care Act. I am also worried that if we cut way back on government spending now while the economy is still struggling to recover more jobs will be lost due to a lack of demand. If people are scared to spend there has to be an alternative to provide the demand to drive the economy forward.
Wall Street lobbyist are already calling on the new Republican House to repeal the Dodd-Frank Wall Street Reform Law saying that it is unconstitutional based on the fact that it only applies to banks with over a certain dollar amount of assets. I ask, is it in the Constitution that when a large bank fails is it up to the taxpayers and citizens of the U.S. to bail it out? If there exists a business or group of businesses big enough to bring down the whole U.S. economy there certainly needs to be a barriers in place to prevent it's failure. That seems to me to be a pretty straightforward and honest answer. As I have said before, if business is allowed to be completely "free" and unregulated it will push harder and harder to improve it's bottom line regardless of the cost to the people that are run over in the process.
These things worry me. While on one hand I believe in capitalism and free enterprise, I on the other hand also believe that we need a system in place and "tools" in the toolbox to prevent and control the inevitable downturns. The Federal Reserve Bank was set up precisely for this purpose. Political wannabees like Sarah Palin saying that the Fed should "cease and desist" are not going to do anything to help create jobs and boost the economy.
I must say that the U.S. Constitution of two hundred plus years ago while founded upon a core of truly great ideas and rights that still apply today may not always work in today's world. We are fools to think that is does and will. We need to take the basic document and interpret it as it applies today not yesterday. The Tea Party's core mission is to defend the Constitution. What about the people that are standing behind the Constitution? Is it in our interest to defend corporations on the same level as the individual? When money is allowed to "buy" the law something is morally wrong! 
In conclusion it is our obligation to question everything that we hear and always be on the defensive. It is not a time to be complacent and let someone else do the job for us. We should welcome good ideas regardless of where they come from but always be on guard for  propaganda from corporate America  and from those among us that are only looking out for their own interests. It is time for the people to come first!

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