1/5/15

G.O.P. Party Prospects 2015


With the Republican Party majority taking control of both chambers of the U.S. Congress in 2015 it is worthwhile to briefly consider their prospects for reversing the Obama doctrine, or if they will even wish to. President Obama gave the rich more than Mitt Romney possibly could have. Democrats would have opposed such policy instead of reaming them.

President Obama's economic policy made permanent the Bush II tax cuts and assented to ooddles (billions or trillions?) of zero-interest loans to banks enabling banks to manufacture maybe 5 bucks for each fiction buck loaned by the Federal Reserve since they need only keep 20% or so as deposits. Borrowers repay real dollars and interest for the fiction money, so the President effectively gave billions or trillions of dollars and permanent tax cuts making the idea of bank robbery laughable comparatively.

The Federal Reserve QE3 policy has helped the Fed Reserve buy 4.5 trillion in obligations that were once deemed perhaps unfairly 'toxic' from the Treasury. At least banks able to mint money from thin air with the President's help are quite an improvement over the primitive gun, mask and bag era of money for nothing.

What remains for the Republican party to desire—a roll-back of the Nixon health care plan renamed Obamacare? Perhaps stopping the increase of U.S. public debt at 19 or 20 trillion dollars would be reasonable except the Fed policy to toss fiction money around may not always work. What would happen if economics had to be done with real rather than play money is ponderable and a problem for economists instead of out of work house painters.

One might think that the Republican Party would build a saltwater desalinization moat with locks and berms along the Mexican border pumping seawater up from San Diego to create jobs and border security yet the President would veto that an it is an election year in 2016. Republicans want some Hispanic votes too and Marco Rubio as V.P. candidate might not be enough to put Ralp Nadir III or whomever over-the-top.

All of that Obama doctrine of enriching the rich and concentrating wealth coupled with a foreign policy of isolating Russia, investing in China and creating a European super-state of the Eurozone leaves little for Republicans to wish for except perhaps for more and expanded Obama economic doctrine requiring the Eurozone to issue zero interest loans to the 1% of the 1% and quantitative easing to toss in a sweetener. Ecospheric conservation and restoration is off their radar screen and Wall Street seems to have signed off on the Obama homosexual marriage doctrine and even godless atheistic evolutionary repression of spiritual freedom since the President has the Fed cornucopia with the quantitative easing making a sham of balanced budgets and traditional domestic investment.



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