jujuman13 said:
Certainly NOT my point of view, but it does make sense in some convoluted way. Your comments please.
Link
http://business.timesonline.co.uk/article/0,,8209-2428171,00.html
Well, if that article helps to dispell many of the myths that Republicans have spewed about what Democrats will or won't do. then I'm all for what it says.
However there are few myths the author insists on repeating that I want to address.....
.... Democrats instinctively would want to raise taxes, increase public spending, tighten the already stifling regulations on Wall Street, campaign for protectionism, strengthen trade unions and directly attack industries that have long been unpopular with the American Left — for example, health insurance, banking, pharmaceuticals and oil. At a time when the US economy is palpably getting weaker, while inflationary pressures remain quite intense, a combination of higher, stronger wage pressures and greater regulation would seem to pose a serious threat. ....
Myth #1 Democrats instinctively would want to raise taxes.
Not this time. With middle and lower income earners already suffering from the Bush economy, there is no way the Democrats would want to compound to their misery by raising taxes.
Myth #2 Democrats would increase public spending
Lets face it, it would be hard to beat the pork spending by the Republican congress. And lest we forget that when Bush took office there was a budget surplus and now that surplus is a trillion dollar debt that will passed on to future generations. No my friends, the booby prize on increased spending and lack of fiscal responsiblity goes to the Republicans. They earned it.
Myth #3 Democrats would tighten already stifling regulations on Wall Street.
If by that the author means Democrats would stop Enron type scandles and corporate off shore tax dodges and loop holes, then yes they just might do that. But how would that hurt the average American?
Myth #4 Democrats would campaign for protectionism.
If by that the author means protect the American worker with a minimum wage increase and help stop American jobs from going off shore, then I hope they do just that.
But if the author means subsidizing industry such as steel, pharmacuticals and mega farms that grow GM crops, then I think the author should take a look and see that Bush is already doing just that.
If the author is referring to NAFTA then I hope the Dems do reconsider NAFTA. Because if there was ever protectionism, NAFTA is truly it. NAFTA by the way is a Republican idea that favors US corporations and denies emerging third world markets fair trade and puts them into debt that they can never to hope to recover from. Not to mention it is contributing to the demise of the enviroment.
Myth #5 Democrats would strengthen trade unions.
Nothing wrong with that. The majority of Americans work in some kind of trade and if trade unions don't protect them....who will? I admit sometimes trade unions are uncompromising, but then so is corporate management. Without Unions, American workers would be reduced to third world workers competing for slave wages in unsafe conditions.
Look at this way, without workers business wouldn't make a profit. Without business, workers wouldn't have a job. Both sides need each other. So the best solution is always a compromise.
Myth # 6 Democrats would directly attack industries that have long been unpopular with the American Left — for example, health insurance, banking, pharmaceuticals and oil.
If by making health care and insurance available and affordable to everyone and negotiating the cost of medicine, then yes the Democrats will go after the health and pharmecutical industrys and rightly so. People without health insurance are going bankrupt and losing their homes when they suffer an illness or injury. That's not right and its not Christian and its unAmerican.
Banking should be regulated. After all, its our money their playing with. There are too many ponzy schemes in the financial industry and its the American economy and citizens who are the ones who get hurt.
The recent record breaking profits of the oil industry and the high cost of gas speaks for itself. The Dems are definitely talking about a windfall profit tax for Big Oil. And why not, since Big Oil has made themselves a monopoly and society is economically dependant on them. Something should be done to control the cost of gas or we all suffer.
