Monday, August 8, 2011

president obama's speech today about the downgrade of...



...the U.S. credit rating from AAA to AA...reassuring and true. the US government political system is controlled by the houses of congress, the senate and the house of the representatives, and the presidency and as we all know from the recent election, the republican won the lower house, so they have the majority. they used this power to block an increase in the debt ceiling which btw was done countless of times before without much ado because of the implications of what is happening now, the downgrade of the US credit rating. we know that a law or a bill or any initiative can only bear fruit if the majority votes are there. the lower house which is 1/3 of the US governing body owned at present by the republicans because they have the majority, they refused to vote for an increase of the debt ceiling without tying it to the current deficit, they want to decrease government spending giving pain to president obama and to the american people plus investors worldwide...it is a coup actually. why on earth that they are using this trick which wasn't used before because of its economic consequences...it is the fight for the white house in 2012. they don't want barack obama to be a 2 term president. so they used this power as a leverage and as a tool to make life harder for our president and in the process the american people as well...for what do they care, right? here in the US there are 2 political parties, the elephant symbol which is the republicans who fight for the interest of the rich corporations and the donkey, the symbol for the democrats who are for the american workers. when 280,000 manufacturing companies moved to china for cheaper labor, they enriched themselves and conquered china economically not by war mind you, the Tienanmen square upheaval failed, remember? now with that movement of manufacturing jobs out of the US, no more made in the USA products here except for a few, 25 million americans lost their jobs in the process, either permanently or working part time now. so the rich won in this battle, the middle class shrunk for people are poorer now. no jobs, so they can't afford to pay the mortgages of their homes resulting in the 2008 US economic disaster that president obama had prevented to happen and the US economy did not went off the cliff. president obama bail out plan helped saved the US economy from collapsing to the brink. when 25 million americans aren't properly employed, the US economic recovery will be just a dream. and now that 1/3 of the political machine of the US is owned by the republicans and that is the lower house, this problem is even worser. there is no care from them for the american people, it is politics at its worst. spinning their votes for whom they served, the republican for the rich and the democrats for the working people. see the solution is the creation of jobs. jobs, jobs, jobs here in the US that can not be shipped overseas. and until this employment problem won't have a solution, the US economy won't be going not up but down...president obama knows this and any job creation initiatives by him is always blocked by the republicans. i dunno, it is not really hard to understand but i think a lot of americans must not be tuning in into the political wind here for if ever it is just a matter of voting out these republicans out off office, that is the solution :) gosh! i am a political junkie really. politics make my mind tick for it is the law enacted by these politicians that affects lives here either for the good or for the bad. with this downgrade people will suffer by the increase in interest rates in homes and in college loans. wow, life is not that much fun for me and that is for sure, i'm very sad...