by Jennifer Lawson-Zepeda
Obama’s State of the Union Speech
Although I won’t vote for him…
I have to admit that President Obama struck a refreshing tone of strength in his state of the union speech. He pointed out in clear language that Republicans are an exclusive club who are doing their best to maintain their exclusivity.
Certainly, when GOP candidates like Mitt Romney hide their tax returns until their popularity spirals in the polls; and are forced to release them, only to look as though they are forthright, they have lost the battle. And then, when they only release two years worth of returns and hide the rest, it is even more disgusting.
Romney has proven his 22 million dollars earnings and his 13.9% taxes (while the rest of us pay up to 28%) backs up Obama’s statements. And when Romney then talks about beefing up military spending that will increase his wealth exponentially — by allowing his capital venture company to purchase steel companies for profit making…well…it turns the American Dream into a nightmare for the masses.
Venture Capitalists Represent Me?
Tell me how a venture capitalist represents my dreams in the White House? While the wealthy write off real estate losses as property values decrease, Joe America watches his house depreciate and knows his retirement monies are going down the drain with the price of his house falling. Not to mention his spending power.
While the venture capitalist (like Mitt Romney) or history consultant (like Newt Gingrich) are earning the majority of their income through long-term capital gains investments and paying as low as 5% for those earnings, Joe American pays FIVE TIMES the amount they pay. And then, they still insist they should pay nothing in taxes. How does that work? The rich don’t pay taxes at all? Huh?
So they vote to maintain these special secretive perks. Perks that only help those they rub shoulders with, not perks that filter down to mainstream America.
Yet, they have the nerve to go to middle America and shake Joe America’s hand, doing the supreme act of pretending they understand what Joe America is going through. Offering solutions in tax language that confuses Joe America, twisted in rhetoric that makes it sound good to the poor schmuck with barely a high school education in small town America.
KKK for AmeriKA
Never mind that the GOP Ku Klux Klan mentality snubs their nose at more than half of the citizens of this country. They write emails in Spanish to try to gain the Latino vote, while eagerly rubbing their hands together with dreams of deporting the very families of the people they beg to vote for them.
Never mind that their Tea Party ethics promote people who infer that blacks are on welfare, using food stamps, and living off the money of whites. Or candidates who name their estates “niggerhead” or might as well refer to all blacks as “niggers” by the way they demean them otherwise. BTW, how many blacks are in the Tea Party besides Cain?
Never mind that their literature comes from places like the white nationalist rag, the National Vanguard. Written by stunning little charcters like William Pierce — the past leader of the white separatist National Alliance organization; and magazine covers issues from a White Nationalist perspective. A man who when he was alive, insisted Aryan youth needed white power music to bind themselves to racism.
The Legacy of Bush
Let’s look at the America that Bush left us, shall we:
- With a vast nation held together by centuries old infrastructure that needs to be redone
Obama’s central point should have been that since America’s founding, government has built much of the public infrastructure that makes American capitalism possible. And since the progressive era, it has been government’s efforts to humanize and stabilize capitalism that has ameliorated the savage cycles of boom and bust that have fueled chaos and revolution overseas. It is today’s Republicans, Obama should have said, who have forgotten this core truth about America. Because they forgot it during the Bush years, they helped plunge the U.S. into the worst recession since the 1930s. And because they keep forgetting it, a Republican-controlled Washington would doom America’s chances for a true economic recovery.
- With spiraling economics, stock market crashes, and foreclosures from sub-prime loans
It seems as though the debt-ceiling fight, which Obama described as a “fiasco” in his address tonight, convinced him once and for all that the only way to effectively deal with Republicans was show them that he was willing to talk tougher and push harder than they were.
- With huge tax breaks for only the most wealthy to correct
He made a case for letting the Bush tax cuts for the wealthy expire and for imposing the “Buffet rule” – doing away with tax rules that allow millionaires who make their money from investments to pay an income tax rate that’s lower than the one paid by people who earn a fraction of their income.
After all, Newt Gingrich, Romney’s chief rival for the GOP nomination, is actually proposing that the capital gains tax be eliminated altogether – a move that would drop the effective tax rate of Romney and others like him close to zero.
Back to the Future?
Should we really be thinking about bringing back the very people that created these problems? Isn’t that like throwing the baby into the bathwater?
Who would have guessed that he would be concerned about the content of that. After all, wasn’t Obama talking directly to HIM about the wealthy paying their fair share of taxes? One might think so, since Obama released this speech on the same day that Romney released his taxes, no?Or was it Newt, who wants to remove Capital Gains taxes altogether, so his friends pay NO taxes?
Romney, whose personal wealth has been on display this week after he released his tax records, did not address a central argument of Obama’s address — that economic fairness demands that wealthier Americans pay more to help stabilize the economy and reduce the debt.
Now why wouldn’t he address that? Go figure!
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