Fiscal Responsibility and Debt Reduction under President Obama is not in the GOP’s INTEREST
The President is a very smart man so we are sure that he realizes that the Republicans in the House and the Senate will never support any piece of legislation that will contribute to him succesfully putting the country back on track. Why? Because Republican’s success depends on the country being in a ditch in 2010. The success of policies proposed by this President or implemented under his watch means a decreased chance of the GOP regaining control of the House and Senate in 2010. So the GOP will continue to block and obstruct anything proposed by the Democrats or this President. This could not have been more apparent than when President Obama endorsed a debt commission in light of the GOP’s newly acquired obsession to the deficit. The debt commission idea was originally proposed by Republican Senators who when it came to vote for the bill the seven GOP senators who proposed it changed their mind and voted against the measure at the last moment. Why? Because it may make the President look good. This is how strongly the GOP feels about the defecit and reducing the debt. In other words, “debt on the backs of our children” does not matter when it comes to becoming the majority in the House and the Senate. The American people are secondary. Pure and utter politics.
The next obstruction planned by the GOP? Financial regulatory reform. Notorious GOP pollster Frank Luntz recently wrote up a memo of how to do it.
Nine months after he penned a memo laying out the arguments for health care legislation’s destruction, Republican message guru Frank Luntz has put together a playbook to help derail financial regulatory reform.
In a 17-page memo titled, “The Language of Financial Reform,” Luntz urged opponents of reform to frame the final product as filled with bank bailouts, lobbyist loopholes, and additional layers of complicated government bureaucracy.
This continued quest for bipartisanship is an exercise in futility that is a waste of taxpayer money.