Email letters, Oct. 4, 2012

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COMMENTS

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While the headline of Dick Todd’s letter – “Obama’s first term hints at what to expect in second one” – has it right, Todd’s factual premises are false, so he reaches predictably preposterous conclusions.

President Ronald Reagan started this country “down a road to become a Third World power” by disguising massive deficit spending as “Voodoo Economics” and doubling the national debt while preaching “fiscal conservatism”.

President George H. W. Bush proved the wisdom of involving the United Nations in our foreign policy by orchestrating a broad coalition to oust Saddam Hussein from Iraq.

President Bill Clinton proved that higher taxes and fiscal responsibility could generate a budgetary surplus and 20+ million jobs – thereby rebuilding the Middle Class.

President George Bush squandered the surplus and moved toward a “Third World” class structure by cutting taxes for the wealthy and precipitating an unfunded “cowboy” War in Iraq that further ballooned the national debt.

President Obama “is trying to repeat history by attracting the young” and well-informed to reinstate the sound economic policies and consultative diplomacy which proved indisputably successful in the past.

Thus, President Obama’s “first term in office should give us a” clear view “of what is coming if he is reelected”.  The “shameful” unemployment precipitated by the Bush recession will continue to improve, the national debt that “skyrocketed” as the direct result of Reagan/Bush economic and foreign policies will be responsibly addressed, and our unrelenting war against terrorists will continue unabated.

Only purported “christians” – not President Obama—are “attacking Christians” (namely, President Obama) “and most other religious faiths” (including Mormonism and Islam). 

As every objective fact-checker concludes, Romney-Ryan have neither a credible “record to stand on” or a serious “plan”, so their “campaign ads are negative misinformation” and – like Todd’s letter – replete with provable falsehoods aimed at the gullible (like Todd).

                Bill Hugenberg

Richard Blosser’s Wednesday letter (“It’s time for America to have a true leader”) rings hollow – because we already have one.

Defined objectively, our foreign policy was “a shambles” when President Obama took office.  Our international standing and moral leadership were at their nadir because of Bush’s false-pretensed invasion of Iraq and “cowboy” incompetence of his “Neo-Con” advisers.  President Obama concluded that war, is ending another, and delivered “red, white, and blue” justice to Bin Laden.

Defined objectively, our economy was already a “mess” when candidate Obama first appeared in Grand Junction on September 15, 2008 – the day Lehman Brothers collapsed.  After a meeting with President Bush, John McCain, and their advisers the next week, “insiders” concluded that McCain “didn’t have a clue” as to how to address the impending collapse of our economy – but Senator Obama did.

After his inauguration, President Obama completed Bush’s TARP to prevent financial meltdown and saved the auto industry (ignoring Romney’s dubious “experience”), reversed and began offsetting the massive job losses precipitated by the Bush recession, and thereby induced stock markets to restore much of the lost value of IRAs and other invested pension plans.  Meanwhile, the housing market continues to slowly recover.

Consequently, ossified “conservatives” like Blosser now resort to trivia to satisfy their anti-Obama obsession – begrudging him for soliciting campaign funds from the “1%”. 

In fact, President Obama and Secretary of State Clinton have already “engaged with other foreign leaders” more often than Bush, Powell, and Rice did in eight years, and do so even while “flying around on spiffy 747s”. 

As in his historic appearance here on August 15, 2009, President Obama also courageoulsy “led from the front” on the biggest albatross dragging down our economic competitiveness – the exorbitant cost of our inadequate health care “system”. 

Therefore, President Obama has earned re-election.

                Bill Hugenberg

The Sentinel’s reporting of the AP’s fact-checking of Wednesday’s presidential debate (“Factual missteps included health insurance, jobless”) omitted several falsehoods chronicled in the AP’s on-line version (“Fact Check:  Presidential debate missteps”).

In fact, as reported by Nation of Change, Romney told 27 “myths” (i.e., falsehoods, lies, and/or unverifiable “facts”) in 38 minutes – thus, one lie every 90 seconds!

Most, curiously, the Sentinel (presumably deliberately) omitted the AP’s analysis of Romney’s campaign-touted tax plan.

Logically, the net effect of tax code changes is calculated by subtracting total revenue-increasing offsets from total revenue-decreasing tax cuts (i.e., arithmetic).

Romney’s published plan calls for 20% across-the-board cuts in tax rates – and thus a 20% reduction in federal income tax revenues ($5 trillion over ten years).

Romney would also extend the expiring Bush tax cuts for all brackets – costing another $1 trillion, and would increase defense spending by $2 trillion – a total of $8 trillion.

Romney claimed that his tax cuts would always be “revenue neutral”—because revenue reductions created by his plan would be filled by limiting as-yet-unspecified deductions for the “top 3%” (to be “negotiated” with Congress), thus admitting that there might be no tax cuts whatsoever – prompting President Obama to caustically retort “never mind”.
As President Obama stated – and as the widely-regarded non-partisan Tax Policy Center concluded—there is simply not enough revenue available from those deductions to close a $5 trillion gap, so either deficits would explode or the middle 50% of taxpayers (97% minus the bottom 47% who pay none) would average $2300 in annual tax increases.

Romney dismissed that inconvenient fact by disingenuously referencing “other studies”—produced by conservative “think tanks”—which close Romney’s (and Ryan’s) revenue shortfalls by arbitrarily assuming that their tax cuts (if any) would stimulate sufficiently robust economic growth to generate the necessary additional tax revenues.  Magic!

That is the core “shell game” (and discredited premise) of “Voodoo Economics” and, as the AP noted, “Congress doesn’t use those kinds of projections when it estimates the effect of tax legislation”.

                Bill Hugenberg



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