Biden–Ryan Debate shows stark policy differences that lead to either progress or depression

The debate last night showed the stark differences in the policies of both campaigns. After reading the transcripts every unbiased person will come to the conclusion that Vice President Biden was substantive and that Paul Ryan was a parrot of talking points. That said both candidates knew all the relevant foreign policy issues and they all presented their economic ideology however empty of details.

This post is a different one that I felt compelled to write because we are at the end stage of a campaign where America must really decide on the direction this country will be following not only for the next 4 years, but as far as the eyes can see given that the next President will likely appoint 2 or 3 supreme court judges and change economic policy to bring us to fiscal sanity.

Fiscal sanity will come about. The issue is whether it will be done on the backs of those in the middle class or by making those who for years have benefitted the most from the work and sweat of the middle class pay their fair share. There is nothing new about this debate. After the depression in 1929 Keynesian economic policies started to bring us out of the Depression and just like now, Republicans damaged the recovery in 1937 by forcing the cuts in New Deal programs. Not until World War II, a stimulus on steroids, did the economy recover.

The types of policies articulated by the Romney campaign are congruent to the types of policies that will do the same thing but likely worst. What is sad is while the President is accused of wanting to follow European Economics, the austerity type policies used by Great Britain & Greece are classic examples of failed policies that we can watch failing in real time.

The bottom line is the Romney/Ryan ticket by their policies show complete disregard for the middle class in particular and the country in general. Their policies are borderless. After all, Mitt Romney uses tax policies to keep his money out of our country, the country he claims to love where it would be better served invested in American jobs assuming it is true that the wealthy (the plutocrats) are job creators.

Voting does matter. This election more so than most will determine if America will continue the pilfering of the middle class by transferring their wealth to the top 1% as the rest scramble to get ahead.

Please read Paul Krugman’s two articles below. They are important and should give much of this post context.

PS: I found the chart above several years ago in a post at Daily KOS when I was doing some research on the Depression. I found it during the stimulus debate when the president was getting attacked. It had seemed to me that CNN was buying in to the Right Wing fallacies so I tweeted them a blog post I made with the chart of what happened in 1937. I got a call from a producer who asked me about the chart. He did not want to use it because he was not sure of the data. I went to the government website and pulled down an Excel table with the GDP data and plotted it. In less than half hour one of the anchors used the information. I add this little addendum to tell all of you out there that we are all responsible for fighting misinformation and ignorance when we discover it and we must get it out in whatever form we have available.

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