The primary goal of Republicans in congress is to block anything Obama supports, even when it is their own idea or legislation that will help the American people.
The Dow Jones industrial average increased by 29.5% in the one-year period following Barack Obama’s inauguration on Jan. 20, 2009—the third best showing, going back 110 years, for the U.S. stock market in the 12 months following the inauguration of a new President. Franklin Delano Roosevelt’s first year, which began on March 4, 1933, tops the list with the Dow increasing by 96.5% over the next 12 months. Meanwhile, Jimmy Carter trails his peers with a loss of 19.6%. On average, Presidents in the Democrat party saw an average one-year gain of 24%, while Republicans averaged 1%.
Why does business align itself with conservatives in supporting the status quo of our failed healthcare system? If I am a conservative businessman, why would I choose a system that discourages personal responsibility? Why would I choose to bear the burden of my employees’ healthcare? Why would I support an anti-market system that forces many to stay in a dead-end job solely for their insurance benefits? If I support the free market, don’t I want market forces—such as performance, ability, and individual choice—to prevail? Do I really want to compete again foreign companies who have universal healthcare and therefore much lower overhead costs? (see this case study) There are historical reasons behind these questions, but I don’t understand why the fear of taxes drives business to get behind such a poorly structured system.
About the healthcare bill: I am glad there will be fewer bankruptcies now (good for the economy and lending in general), fewer uninsured young adults who are in start-up jobs with no benefits (they can now stay on their parent’s insurance longer, and not go to the ER when problems hit—and it allows their employer to keep their costs low for these positions); no child will be uninsured as a result of circumstance beyond their control, and we will get better economies of scale to lower costs when another 30 million newly-insured citizens are force to cover themselves (and lessen the ER approach to doctor visits). I am glad the government is not going into the healthcare business, just expanding regulation of the private healthcare thieves insurance industry. I absolutely love that insurance companies now have to spend a certain percentage of their revenue on direct care (pushing them into a velocity-quantity financial strategy, rather than a “denial-of-care” profit strategy that harms individuals).
Since the 1980s, the Republicans has basically used their “Starve the Beast” strategy. This strategy is basically to cut taxes (i.e., revenues) so that we can’t afford government programs. The ultra-rich are given special tax cut, breaks, credits, loopholes, etc. Military spending is increased to suck up most of the federal budget. With less tax revenues they drive up the deficit, and scare the public about the mounting deficit. Once voters throw them out of office, Republicans happily leave behind a huge mess for the Democrats to clean up. Democrats now have to make the tough choices about spending and reviving the economy. While out of power, Republicans sit on the sideline and criticize anything the Democrats do to fix the mess, and even try to block anything that might help people, such as extending unemployment benefits. Republicans do everything they can to cut social programs that actually help people and create a middle class, and to cut taxes that would actually help us pay down our debt. They turn the public against Democrats with they rhetoric ab out “tax-and-spend-liberals,” and throw in a few words about abortion and gay marriage to please the religious right (but do nothing on these issues while in office). And then they bet on public amnesia to try to regain power in subsequent elections. This strategy has worked for them over the past several decades.
Now that Republicans have reclaimed power in the House, what will be their agenda?