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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