Decatur, Ala. | Friday, May 24, 2013
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EDITORIAL
GOP betting against American prosperity

Syndicated radio show host Rush Limbaugh famously said he hopes President Barack Obama fails.

After last week’s vote on the president’s plan to save and create jobs and to revive the spiraling economy, it appears the Republican Party has fallen in line as Mr. Limbaugh leads the parade. No House Republicans and only three Senate Republicans voted for the $787 billion stimulus package Mr. Obama is to sign today in Denver.

Apparently, Republicans believe a continued policy of tax cuts for the wealthy is the best way out of the recession. After all, look at the lack of prosperity that policy has spawned during the past 12 months, when more than 4 million jobs were lost.

Fortunately, the American people — including those of us in Alabama represented by Sens. Richard Shelby, R-Tuscaloosa, and Jeff Sessions, R-Mobile — will benefit from the stimulus package. The more than $600 million in infrastructure improvements in this state will put people to work and pump public and private capital into the economy while strengthening crumbling roads and bridges we all use. The legislation sets aside more than $38 billion for similar projects across the country.

Like any legislation this broad in scope and dealing with near-unprecedented problems, there are bound to be drawbacks to President Obama’s plan to revive the economy.

But the private sector and free markets alone have not sparked economic recovery. Quite the contrary, unregulated banking and trading are the main reasons we are in this mess.

On Wednesday, President Obama is expected to unveil a second part of his strategy, designed to help homeowners on the brink of foreclosure. It will likely include renegotiated interest rates and longer terms on troubled mortgages.

Soon, the president will present ideas to shore up the troubled domestic auto industry.

Something has to be done to help the American people in these troubled times. How ironic that the party whose election theme was “Country First” is betting against the prosperity of the American people.

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6 comments on this item

Hmmm...just about all through George W. Bush's presidency, the democrats would do and say things hoping that the Iraq War would fail just so it would make Bush and the republicans look bad. Once things started turning around in that arena, they started talking about the economy and had a doom and gloom outlook just so there candidate could get elected. Where were the editorials about that? It seems there really is not many editorials that focus on the problems of the liberal democrats in this fishwrap at all.

It's not that the Republicans or the Citizens of Alabama are against Obama's prosperity and reform stimulas package. The issue is, it doesn't take a financial guru to understand that his package will do nothing for the current situation. It will be 2011 before the first roads will even be started to be built. It will be 2010 before anything from the package helps familes that are loosing their homes. Those of us that are supposed to see a tax break will never realize the dismul $13 a week on our checks. And the worst problem about Obama's plan is that none of the Liberials, Republicans and especially the Democrates believe it either. It's all about hope now, no facts, realizations or hardcore proof that any part of it wil work.

The stimulas plan should have started from the bottom and went up, not from the top down. And one can only wonder how much tenacity he will be able to muster when we have another terrorist threat. We have a little over three and a half years to see who's right and who's wrong. In the mean time, we can only hope that those of us left standing don't get bucked off too.

Most of the lobbyist's who wrote this legislation are former Senators and Congresspersons . The people who voted for the trickle down legislation, are lobbyists in waiting. Oh I forgot, one has to be an adviser for a year before he can becoma a full blown lobbyist.

Your commentary is, as usual, about as far left as Rush is right. You people tend to forget.....or ignore.... the fact that the government does not have money to give away. The only thing it can give is what it takes away from others.

Go back and figure out when the banking and mortgage industry was forced by a Democratic adminiastration to start offering loans to unqualified individuals. go back to the beginning of the current crisis. It was 2007, when the Democratics took over Congress and began their socialistic agenda. There was good growth and stability during the first 6 years of the Republican administration. Even with the slim passage of the Stimulus Bill, Democrats will cry foul when it fails and will blame the Republicans in a variety of ways. Hopefully the American people will look beyond all the words and see that the Democrats want nothing more than to control all aspects of our lives and make us all dependent on them. The Decatur Socialist Daily will continue to worship at the altar of Obama even as the ship sinks under the waves.

This editorial should be in the comics. It is insane to say the Republican party does not care and the Democratic party does care. The facts are pretty simple. There is not money now or in the future to do what this package says it will do. Our children and grandchildren will pay dearly for our lack of judgment on this bill. Why do we not just let the folks who created this mess fall on their faces and the rest of us will survive. Every business deal has a risk and reward not a risk and bail out. My hope is for our country to survive this time not continue to destroy it to a point of no return. Many are hoping for our failure as a country!! Let's not let them have this pleasure.

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