The Black Political Review

Posts tagged ‘Republicans’

Deficit Destruction

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Born to Lose

The Economic Fun Fair

By Any Means Necessary

Ironically, it is the Right-wing GOP that personifies this now famous phrase.  The Lobbiest, Medical Industry Leaders and various leaders of the GOP will use smoke and mirrors to distort the “Average American’s” point of view while not restricting any aspect of the revenue generated by Health Care or the Medical industry.

6 minutes and 52 seconds of disturbing truth

Palin Cannot Take The Press

Former Governor Sarah Palin quit on her state, her supporters, and more importantly herself. For all the ish she fires out of her pie hole about being an athlete, sportswoman, and tough gal she should know better. No athlete (present or former) would ever step up to the microphone and give such a lame statement as she did last Friday.

A lot of Republicans have even weighed in on this move by Palin.

And she needs to stop playing the “the liberal media is picking on me” card too. Look for Palin to get paid by doing a reality show, talk show or radio program.

35 mpg or Bust

“So we have a choice to make.  We can remain one of the world’s leading importers of foreign oil, or we can make the investments that would allow us to become the world’s leading exporter of renewable energy.  We can let climate change continue to go unchecked, or we can help stop it.  We can let the jobs of tomorrow be created abroad, or we can create those jobs right here in America and lay the foundation for lasting prosperity.” -President Obama, March 19, 2009

As an increasing number of households in China, India and other advancing overseas economies join the world’s middle class, they’ll start making such basic purchases as electronic goods, houses – and automobiles. The fact that China’s oil imports jumped 18% in one month is evidence enough that this is happening. And the fact that leading India automaker Tata Motors Ltd (TTM) has unveiled a $2,500 dollar car, the Nano, underscores that international carmakers are looking to recruit a whole new group of motorists.  Couple these facts with the U.S.’ consumption of 21 million barrels of oil per day and the net result is not only the accelerated depletion of a valuable finite natural resource but an exponential increase/advancement of carbon emissions and other destructive “Greenhouse” gases.

To meet the challenge of an ever increasing Demand juxtaposed to an ever decreasing Supply, President Obama has recently called for higher fuel efficiencies, i.e. 35 mpg for some of the 2011 car models sold in the U.S., as well as further exploration of alternative sources of energy and fuel.  U.S. Entrepreneurs and the Government are stepping up to the challenge by exploring alternatives such as Wind Energy to off-set our insatiable consumption.  One Such Entrepreneur from Texas, proposes to build an experimental Wind Energy power plant (in Pampa, Texas) that will serve as an initial model for the next evolutionary step in Energy generation.  This plant will not only produce/generate approximately 4,000 Mega Watts (MW), which is enough energy to power 1.2 Million U.S. homes, but will also result in the creation of thousands of “Green Collar” jobs.

Why Wind energy?  The U.S. Department of Energy has indicated that Wind energy can provide in excess of 20% of our overall energy needs, approximately the same percentage of energy production provided through the use of Natural Gas.  With Wind substituting Natural Gas as an energy fuel, Natural Gas can solely be used as a transportation fuel.  This would reduce our need for Imported Oil by nearly 40%, a reduction of approximately $300 Billion dollars in annual Foreign Oil consumption.  In addition, the use of Wind generated energy provides a “clean” alternative to the use of carbon emitting fossil fuels.

For the economy this would mean lower prices at the pump as well as additional revenue streams from newly created jobs in the area of Power generation, Facility/Community retro-fitting, alternative vehicle production, and Wind Mill/Generator manufacturing.  Thus solving a new and increasing problem using an old and “Sustainable” alternative

The R-Word

 

by Cireal Americanus

The Bush administration has vigorously denied and maneuvered fact to avoid using the R-Word. They have gone to great lengths to avoid confirming what many of us already know to be true. The Country is in a “Recession”.

A Recession is generally associated with a decline in a Country’s Real Gross Domestic Product (GDP), or Negative Real Economic Growth. According to one widespread definition, a recession occurs when real economic growth is negative for two or more successive quarters of a year.  A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation.

What the Bush administration and its economist have been successful at is disguising failed policies and attempting to frame a perspective that never acknowledges the aforementioned factors that would ultimately indicate a Recession. As well all know, the numbers will tell what ever story you want.

For example, the U.S. unemployment figures have been around 5% since the beginning of the year and has recently increased to 5.5%. What the Bush Administration is not saying is that the U.S. unemployment number only takes into account a sampling of 60,000 families and out of those families the people that have recently been unemployed and have applied for unemployment within the last 4 weeks. This does not take into account workers outside the sample family groups that have lost jobs, approximately 240,000+ and counting, in Ohio, Michigan, Pennsylvania, etc, due to the plant closures that occurred during the beginning of the year.

They would also have us believe that this up-tick in the unemployment number is coming from the 500,000+ job seekers, from High Schools and Colleges, that are injected into the work force every summer. Now when was the last time you saw a summer student applying for unemployment? As we all know, these Summer Students are not filing for unemployment when they are unsuccessful at securing a job over the summer break thus they would not be counted even if they are part of the family sampling group.

This manipulation of a key Recession indicator says that the 5% number could be significantly higher than what is being reported. The harsh reality is that this number could actually be in the double digits. Although I have to admit I have no statistics to back this up other than a gut feel.

The word Recession is the proverbial “Tip of the Iceberg” when looking at the countries overall economic problems, i.e. Back to back quarters of negative economic growth (highlighting the abysmal leadership of the Bush administration and its failed economic policies), A weak Dollar (a weak Dollar may positively impact our Exports by making our products more competitive in foreign Markets but it means higher costs for the things we buy at home. This is one of the many factors contributing to higher prices at the pump and in the grocery store.)

For the African-American Community, this has been a mounting problem since the country went to “War”. As Malcolm X said, “When America sneezes, the Black community gets a Cold/Flu.”

For most of us, we don’t need economic indicators or numbers to tell us what we already know. Simply stand outside your local Wal-Mart and note the number of Mercedes, BMW’s, Range Rovers, and Audi’s that come through. What was Taboo for some, me included, 5 to 6 years ago has now become routine. Simply put, Every One is looking for the “Good Buy” these days.