Thursday, June 28, 2012
Obamacare Survives in the Court
Thursday, April 19, 2012
Romney's Voodoo Economics
By Fubara David-West
Governor Romney's posture on the U.S. economy qualifies as a case of voodoo economics,
because it is based on nothing but a myth: business knows best; and a creed, which says that the
entire program of governmental public policy can be reduced to a slogan, lower taxes on job creators! What the presumptive Republican nominee for the presidency has going for him is
is that there is a huge population of Americans, for whom the myth is an appealing
cultural song, and the creed, the stuff of religious doctrine.
That is why, in spite of the fact the last Republican President, George Bush basically sold the
same kind of program to Americans, with all of the bravado of a Texas cowboy, Romney is now self-assuredly promoting it. President Bush embarked on his program after taking
office with a booming U.S. economy, and with Federal budget surpluses that were
projected to last well into the future. By the time he left office, eight short years later, his treasury department was alerting him to the fact that the US economy was facing a complete
melt-down, with huge Federal budget deficits, an American automobile industry on its death-
bed, cities and school districts in dire fiscal straits, businesses facing a credit freeze, the economy shedding hundreds of thousands of jobs every month and with the housing industry in such a bad shape, that trillions of dollars in middle-class wealth had been wiped out.
Trust me, the Republican presidential candidate, Romney says, I know about business and how to create jobs. Trust my hackneyed slogans, because I am not Obama! The interesting thing is that many Americans are actually paying serious attention to him, because at this moment, he
is tied with the president in the polls.
Thursday, September 8, 2011
President Obama: Be Bold, Surprise the Nation
If all we have heard and read about President Obama's upcoming speech are correct, this might be another missed
opportunity in the boldness-for-real-change department. What we have read and heard so far seems to indicate that
the president and his team are opting for a stimulus package redux after the pattern of the first $800b package, which
Republicans and the Tea Party folks have successfully sold to the public as a total failure.
I hope that the president would surprise us by coming out with a program that directly and massively attacks the two critical problems at the roots of the recession: the mortgage crisis, which has evaporated billions of dollars of wealth
in the middle class, and the high unemployment numbers, which have not budged due to the fact that corporate
America is sitting on billions of dollars in cash instead of using it to hire people, who will become active consumers and producers once again, of new products and services.
There are two items that must be in the president's new initiatives:
(1) A program to mop up the mortgage mess, by putting aside several billion dollars for directly buying up mortgages at the value of homes in today's market and refinancing at current rates for 30 years. The program should be run through
Fannie Mae and the housing departments of the states and the cities. The homes should be sold back to the current home owners.
(2) A program to give businesses large and small an incentive to hire people. Reducing the payroll tax to close to zero for 10 years is the kind of a bold program that is needed.
The first program would breathe financial life into the middle class all over the country, which has been devastated with .
lost property values. The second program would finally give private industry the kind of long-term certitude they have been calling for, as for as a condition to start putting their huge cash reserves to work in the marketplace. Both
programs, if implemented will increase the likelihood of a second term for President Obama. The question is whether the Republicans will be willing to stop such programs through the legislative process, even though they are essential for
a quick economic recovery, just to deny the president a second term.
Fubara David-West.
Saturday, March 26, 2011
On Buchanan's "Foolish and Unconstitutional War"
The multilateral use of military force in Libya is intended to send a message to the Libyan regime that it must change course, and not slaughter its own people, for rising up to demand their political rights. Unless the Qaddafi regime survives, to slaughter the civilians he was threatening to, this mission will be a resounding success. That is why President Obama is calling for Qaddafi's ouster.
Of course, it is also possible that a humbled Qaddafi will get the message, even if he survives. In that case, success might also be measured by the number of Libyan lives the international community, under a UN mandate and American and NATO leadership saves. It is quite baffling that some of the leaders in the Congress and the Senate will refuse to understand that this is a matter that implicates the national interests of the United States, both in terms of America's long-standing commitment to democratic transformations in autocratic states, and in terms of upholding certain international values regarding human rights and crimes against humanity.
There would have been no possible way for President Obama and the world community to explain satisfactorily, why they did not act to save those fighting for their political rights, in spite of the fact that the Qaddafi regime announced its plans to massacre them en masse.
Friday, March 11, 2011
Libya: Ensuring that Qaddafi does not succeed
President Jonathan in Nigeria should step out and lead the AU out of its inaction on this matter. If he has any vision for change, he should use it now to move African states to finally repudiate the idea that a government, in the name of state sovereignty, can commit crimes against its citizens and not be held accountable by the international community. This is a time for leadership.
As things stand, whether the Qaddafi regime succeeds in keeping its hold on power or not, after this crisis, its legitimacy will be in tatters, and it does not have the kind of power that a China has in international politics, to ward off such a devastating blow in the international community, as China was able to do after the Tienanmen Square massacre in 1989.
President Obama, whose performance on this matter has been outrageously weak, should immediately move towards leading NATO members, to recognizing the provisional authority that the Libyan opposition is putting together, and to start a massive effort to both arm the opposition and to ensure that the Qaddafi regime does not survive.
I thank you.
Fubara David-West.
Tuesday, February 22, 2011
African Union Must Work For Qaddafi's Ouster
The African Union should urgently bring a resolution to the UN Security Council, calling on member states of the United Nations, to take all necessary measures to end the reign of terror of Qaddafi in Libya. This must be done today.
Meanwhile, President Obama's administration in the United States should stop trying to walk a fine line, between diplomatic niceties and justified outrage at what is going on in Libya. It should immediately put in place the policies and the military means, to bring a quick and decisive end to the brutal regime of Qaddafi. There can be no normalcy, while the Qaddafi government survives with blood on its hands.
President Obama should come out in 48 hours, to announce a set of military measures aimed at bringing an end to the Qaddafi regime. Unmanned military assets, including cruse missiles and drones should be launched to destroy major support structures of the Qaddafi regime, and it should be done now, as a signal to the democratic fighters in Libya, that the United States supports their struggle.
I thank you.
Fubara David-West.
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Friday, February 11, 2011
Mubarak's Exit and the Next Challenge
How does one rate President Obama's handling of the crisis? I think he handled it
quite well: an A-, will be the letter grade for his performance, especially if one goes by the assumption that he meant every word of his Cairo address, which prodded the Middle East towards embracing democratic reform. The message from President Obama's stance seems to be that the United States will stand up for democratic reforms in the Middle East, not through invasions, but by empowering the people of the region.
I thank you.
Fubara David-West.