• About MT
  • Advertise
  • Contact
  • STORE
  • RSS Feeds

Get our issue, highlights, free stuff and more!

  • Blogs
  • News
  • Arts+Culture
  • Music
  • Screens
  • Food
  • Calendar
  • Best of Detroit
  • Classifieds
  • Slideshows
  • Free Stuff
  • Careers
  • Dating
  • Clubs
  • Archives
  • MMJ
  • Blowout
  • Adult Classifieds
  • Calendar

    • Latest Comments
    • Popular Threads
    • Most Read
    Most Read
    • Politucs & Prejudices Is the system hopeless? | 5/22/2013
    • They Don’t Care What You Think They don’t care what you want | 5/15/2013
    • Penrose Rising Changes are under way. | 5/15/2013
    • Savage Love Closure and watersports. | 5/22/2013
    • Steam Dreaming Fans are getting hot and bothered for a new steampunk confab. | 5/22/2013
    • Gracie See Pizzeria West side institution | 5/22/2013
    • The Epic Career of Screenwriter Dan Shere From viral videos to feature length films. | 5/22/2013

    Print Email

    News Hits

    Are we better off? Mitt, are you kidding?

    The facts show things are better

    Photo: , License: N/A


    By Curt Guyette

    Published: September 12, 2012

    Last week News Hits ventured deep into enemy territory, appearing on Charlie Langton's talk show over at WXYT, the conservative radio station that airs the likes of Glenn Beck and a few other rabid dogs of the right.

    Langton, however, isn't of that ilk. He may be right-of-center, but he pays attention to facts and, in many ways, comes off as reasonably moderate. He also likes to foster debate, which is why he invited the Hits to come on in and respond to the question posed by Mitt Romney at the Republican National Convention: Are you better off now than you were four years ago?

    The question itself is a retread. Saint Ronnie Reagan asked it way back in 1980, when he was running for president against incumbent Jimmy Carter.

    It may have been a good query for the GOP's candidate to pose back then, but we have a very hard time seeing how it is a particularly wise tack to take this time around. The only explanation is that Romney and crew are banking on America being a nation of amnesiacs.

    After all, when Barack Obama took office we were on the verge of a complete economic meltdown. According to the Bureau of Labor Statistics, 4.1 million jobs were lost in 2008. The expectation on the right that we might forget that could be called the audacity of dopes.

    In January of 2009, when Obama moved into the White House, another 818,000 people found themselves standing in the unemployment line. Compare that to the most recent figures from the BLS, which just reported that 98,000 jobs were added in August, capping 30 straight months of job growth.

    It is, at best, an anemic number. But, to answer Romney's question with a question: Is it better to be losing hundreds of thousands of jobs a month? 

    Only those completely devoid of reason would try to make the case that we are indeed worse off now than we were back then. For those who prefer to keep their evaluations tethered to reality, the trajectory has clearly changed from a path of precipitous decline to one of modest growth.

    Nicholas D. Kristof, a Pulitzer Prize-winning columnist for The New York Times, put the situation in perspective recently with this anecdote:

    "On a backpack trip once, I slipped on a steep ice sheet and began sliding uncontrollably toward the edge of a cliff overhanging an icy river. Luckily, my son pulled me to safety with his trekking pole. Am I better off now than I was when I was sliding toward the abyss? Duh!"

    Duh, indeed.

    Let's look at another indicator: the stock market.

    As a result of the financial collapse — which occurred when the housing bubble burst, exposing once again the massive dangers inherent in the kind of fraud-inducing deregulation that diehard Republicans hold so dear — most of us saw our 401k retirement plans utterly decimated. 

    And since then?

    We'll let CNBC answer that one:

    "The U.S. economy may not be recovering as fast as President Obama likes, but at least he can make one claim: The stock market has done better under his watch than with any other recent president. 

    "Since Obama's inauguration on Jan. 20, 2009, all three major U.S. stock indexes are up more than 60 percent. The NASDAQ Composite alone has soared a whopping 105 percent."

    Again, then, the answer to Romney's question, in purely objective terms, is a resounding "yes."

    We want to make it clear that the commies here at the Hits don't want to be perceived as Obama toadies. As far as we're concerned, he's a middle-of-the-road kind of guy. We're more in step with Dems on the far left, such as Ohio congressman Dennis Kucinich (who's on his way out of office, a victim of GOP gerrymandering) or the Green Party than we are with a Democratic Party that is, in many ways, indistinguishable from what used to be considered moderate Republicans.

    The senseless surge of troops in Afghanistan, where an average of one American soldier a day continues to die, the steep increase in the use of unmanned drones to kill suspected terrorists (along with any innocent victim unlucky enough to be in close proximity to them) and the continued imprisonment at Guantanamo Bay of people never charged with a crime are especially disheartening.

    But the unfairness of the attacks on Obama from the far right has put us in fighting mode.

    Where were all the budget hawks when George W. Bush was leading us into two wars — one of which was based on a bedrock of outright lies — that were funded using the national credit card?

    And where were the cries of indignation when the same GWB pushed through massive tax cuts — 30 percent of which went to the nation's wealthiest 1 percent, with nearly 45 percent of the benefits going to the top 5 percent — without making corresponding spending cuts?

    Seems that the majority of Republican pols had no problem with those policies, which resulted in taking a budget surplus and throwing it into reverse, adding $5 trillion to the national debt during Bush's eight years in office.

    It's true that the Obama administration has more than equaled that number in less than four years. But using deficit spending to combat the worst financial crisis since the Great Depression is only applying proven economic policy.

    1 2 Next Page

    > Email Curt Guyette

    We welcome user discussion on our site, under the following guidelines:

    To comment you must first create a profile and sign-in with a verified DISQUS account or social network ID. Sign up here.

    Comments in violation of the rules will be denied, and repeat violators will be banned. Please help police the community by flagging offensive comments for our moderators to review. By posting a comment, you agree to our full terms and conditions. Click here to read terms and conditions.
    comments powered by Disqus


    Metro Times

    733 St Antoine

    Detroit, MI 48226

    Main: (313) 961-4060

    Advertising: (313) 961-4060

    Classified: (313) 962-5277

    Contact MT | Advertise | National Advertising | Work Here

    All parts of this site Copyright © 2013 Detroit Metro Times.

    News

    News+Views

    Politics & Prejudices

    News Hits

    Stir It Up

    Higher Ground

    Comics

    Blogs

    Music Blahg

    News Blawg

    Reckless Eyeballing

    The B-Roll

    Blowout Blog

    Best of Detroit

    Best of Detroit

    Best of Detroit 2010

    Best of Map

    Music

    Music Homepage

    Album Reviews

    Add Music Event

    Search Music Events

    Arts

    Arts Homepage

    Book Reviews

    Culture

    Culture Homepage

    Savage Love

    Motor City Cribs & Rides

    Screens

    Screens Homepage

    Film Reviews

    Idiot Boxing

    Events

    Calendar

    Search Calendar Events

    Enter Calendar Event

    Art

    Benefit

    Civics

    Comedy

    Dance

    Family

    Film

    Talks Plus

    LGBT

    Literary

    Music

    Special events

    Sports

    Theater

    Food

    Food Homepage

    Find a Restaurant

    Clubs

    Find a Club

    Classified

    Classified Home

    Place Ad

    Jobs

    Services

    Stuff For Sale

    Massage

    Personals

    Adult

    Automotive

    Cars, Trucks+More

    Services

    Real Estate

    Real Estate

    For Rent

    Roommates

    Archives

    Search Archives

    Search Authors

    Search Issues

    Latest Comments

    Get Our Newsletters

    Enter your email address to get our weekly emails.

     

    Metro Times Stuff

    Win Free Stuff

    Velvet Rope Photos

    Event Photos

    Social Media

    Facebook

    MySpace

    Flickr

    Twitter

    Youtube

    RSS Feed

     Full Feed