The Rupublicans, the Dictatorship of the Billionaires: It’s the Economy Stupid!

U.S. Senate Republicans cannot figure out the math. As a political party of consequence, they are on the verge of historical irrelevance after the November elections. There are several red (Republican) states turning purple and or on their way to becoming blue (Democratic). Virginia is turning bluer by the moment, and so is North Carolina. Red states such as Texas and Arizona have a blue tinge and are getting bluer.

Now let’s count how many blue states are turning red. Oh, yes! That’s easy. The answer is zero.

According to Senate Majority Leader Mitch McConnell, who will likely be the next senate minority leader come November, fifteen to twenty  Republican senators will not vote yes to a 5th coronavirus aid package even as the unemployment rate soars during the worst economic disaster since the Great Depression.

This crisis was triggered by the coronavirus pandemic to be sure, but forty years of Republican and Democratic Party legislation redistributing trillions of dollars from the 99 to the 1 percent have caused the crisis to be deeper and getting deeper than it otherwise would be. The 1 percent were getting about 8 percent of all income produced in the USA in 1980 while nowadays that number hovers around 38+ percent not counting money the rich have offshore to avoid their fair share of taxes. Three people (Jeff Bezos, Bill Gates, and Warren Buffett) had more wealth than the 90 percent of Americans as of a few years ago. Now it is possible that three people have more wealth than the bottom 95 percent of the population since Buffett has gotten richer since then but has fallen to number eight this year.

The rich receive 2/3rds to 100 percent of their income and wealth from corporations. This is why the CARES ACT legislation was easily passed back in March by both Democrats and Republicans. The two parties voted to give the rich $4.75 trillion in a $2.2 trillion package while giving the rest of us crumbs. Click here for that story. The two parties were voting to protect the financial engine of the rich.

One of the sticking points in negotiations between Democrats and Republicans this week is the $600 a week the unemployed were receiving and that officially ended on July 31th. Republicans argue that this paid more money to some unemployed people than they were actually earning on their jobs. Trump’s brain-dead, incompetent and hypocritical Treasury Secretary Steven Mnuchin said this morning during an Interview with ABC’s “This Week” than nobody should be given more money than they earn but the Republicans did not mind giving away $4.75 trillion to the 300,000 richest of Americans for sitting on their asses and not doing anything.

Senate Republicans and House Democrats are negotiating this weekend to prevent the economic disaster from spreading.

McConnell and the Republicans could only offer a $1 trillion relief package in the current negotiations that will fall far short of saving the nation from this disaster. U.S. House Democrats, under Majority leader Nancy Pelosi, proposed and passed through the House the HEROES Act, a $3.4 trillion stimulus package two months ago, which is also likely to fall short of our nation’s needs.

The failure of the Republicans to take this economic crisis seriously means more states are going to continue to turn blue for generations to come, making the Republican Party a permanent super minority party for decades to come on its way to becoming the political party of irrelevance.

 

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How Stupid Are the RepubliCons? It’s all about the economy stupid!

U.S. Republican Senate Majority Leader Mitch McConnell must be as stupid as U.S. Senator’s Rand Paul and Ted Cruz. Paul and Cruz oppose the U.S. House of Representatives Heroes bill sponsored by the Democratic Party that will continue to provide $600 a week to the unemployed until January, as well as tens of billions of dollars to cities and states that are experiencing reduced tax dollars and will likely need to lay off tens of thousands, if not hundreds of thousands or more, of public employees without further Federal aid.

Many Republican senators are opposed to the HEROES Act because it will not reward their billionaire owners to the same degree the CARES Act did, and which gave the superrich and their corporations $4.75 trillion in a $2.2 trillion bill. (Click here for that story.)

McConnell, appearing to be a dimwit, does not understand the issue that will decide the election in November. “It’s the economy stupid,” James Carville used to say. Carville was Bill Clinton’s presidential campaign manager in 1992. They won the election in 1992.

“We swears to serve the master of the precious.”

The U.S. economy is tanking big time. The only thing stopping the economy from further falling and moving into a Great Depression is the CARES Act, one of whose most important provisions for the 99 percent is about to expire. That provision is the $600 a week extra in unemployment benefits.

McConnell does not understand the economy needs people to spend money to keep it afloat. He opposes the $600 extra a week because some people are receiving more money than they were earning at their jobs, giving them an incentive to not look for work. Who cares? That $600 dollars is helping to keep the economy afloat, and there are not a whole bunch of available jobs out there right now anyway.

When cities, counties and states begin to lay off employees by the tens of thousands, along with those folks on unemployment who will stop receiving that $600 at the end of this month, the economy will likely move into a Great Depression, if we have not already done so.

The result will be a Democratic Party wave in November. Then it is likely the Republican Party will begin its fade into the history books as more and younger voters have become Bernie style Democratic Socialists, which is to say New Deal Democrats. McConnell and the rest of the Republican senators are about to send their political party into historical oblivion after voting to reward their billionaire backers $4.75 trillion while providing the vast majority of U.S. citizens crumbs with the CARES Act last March.

Meanwhile, U.S. House Majority Leader Nancy Pelosi decided to placate her Party’s base by sponsoring the Heroes Act, but not that saving the base and the economy from ruin was something she actually wanted to do. The Heroes Act is the fourth stimulus package since March and her attempts to save the billionaires who control her Party and neglect the financial needs of the 99 percent is most obvious by this fact alone. Something must have clicked in her brain to come up with the HEROES Act.

She likely came to understand saving the economy and the billionaires from ruin means having to save the rest of us. McConnell, Rand Paul and “tiny hands” Ted Cruz have not figured out this basic economic issue yet even as Texas, the state Cruz represents, is rapidly turning blue along with Virginia, North Carolina, and several other states the Republican Party reliably once controlled.

When these states turn blue, this will eliminate the Republican Party as a factor in national politics. This has already occurred on several state levels. The Republican Party used to control California. Now it is the super minority party in both of California’s legislative houses. McConnell, Cruz and Paul are hastening the Party’s decline by their economic stupidity. It’s the economy stupid!

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