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Robert Reich: ‘Let’s Just Repeal the Sequester’

Robert Reich, former U.S. labor secretary and professor at U.C. Berkeley’s Goldman School of Public Policy, tells Current TV’s John Fugelsang why Democrats and Republicans need to cooperate in order to avert the looming sequester.

“What Democrats ought to be proposing, and even Republicans ought to be proposing, is to say, ‘Let’s just repeal the sequester,’” Reich says. “The problem right now is not the budget deficit — the budget deficit is actually shrinking — the problem right now is jobs. The problem right now is the economy and economic growth. Wages. That’s what we ought to get back to – the fundamentals.”

“Trickle-down economics is just a bald-faced lie,” Reich adds. “It means that you’re protecting the rich, protecting the powerful. It’s what Republicans have been doing for years, and you know, you tell a lie over and over and over again … and eventually people start to believe it.”



The Boehner Bunch

AFSCME, a union representing over a million public service workers, on Tuesday uploaded a video to YouTube that criticizes Republicans for their opposition to the Affordable Care Act.

The video, based on the opening and theme song of the 1970′s sitcom "The Brady Bunch," claims that “working people don’t matter” to prominent Republicans like House Speaker John Boehner, Republican presidential candidate Mitt Romney, Senate Majority Mitch McConnell, and Florida Gov. Rick Scott.

The Republicans in the video have vowed that they will do whatever they can to repeal President Obama’s healthcare reform law.

Via AFSCME's website:

Less than two weeks ago, the U.S. Supreme Court upheld the Affordable Care Act (“Obamacare”) in a landmark ruling, but Speaker John Boehner and corporate-backed politicians in Congress still can’t let it go. This week, the U.S. House is set to vote again — for the 31st time in 18 months — to repeal the health reform law.

They’d rather keep wasting taxpayer time and money refighting old political battles, attacking Obamacare even as polls show support for the law has increased significantly since the Supreme Court ruling. Even some Republicans doubt the wisdom of a political stunt that will only serve to highlight how out of touch Boehner, Mitt Romney and the rest of the GOP bunch are.
...
Congress passed health reform, the President signed it, and the Supreme Court ruled it constitutional. It’s time to move on and fully implement the law so we can ensure all Americans get the health care they need.

And remember, your congress-critters have excellent government-run heathcare, and they don't seem to mind that one bit!



underwater

Just in case any of the 11.5 million struggling homeowners out there are waiting to hear what Mitt Romney's plans are to turn around the housing market, and help those with underwater mortgages, his policy director Lanhee Chen wants you to know up front that there will be no targeted relief for you people.

Via:

Romney, the former governor of Massachusetts, doesn’t intend to offer targeted relief for the 11.5 million American homeowners who owe more on their mortgages than their homes are worth, Chen said, suggesting that such actions are temporary fixes insufficient to stabilize the housing market.

“Governor Romney has indicated that there are some steps we ought to take to ensure that we’re growing our economy,” Chen said. “But on the housing market specifically, I do think we have to resist the temptation for short-term approaches.”

So as much as Governor One Percent would like to help 11.5 million Americans, he just can't allow himself to be tempted, because what's really important? The banks!

Romney, a former private-equity executive who founded the Boston-based firm Bain Capital LLC, wants to replace the Dodd- Frank financial regulation law enacted in 2010 with more limited and “reasonable” rules, including governing derivatives and “some kind of consumer protections,” Chen said.

“The mistake here is to say that somehow because we repealed Dodd-Frank and we get rid of the really burdensome set of regulations that Dodd-Frank put in place, that somehow we’re going back to a dog-eat-dog kind of situation where there’s absolutely no regulation,” Chen said.

Still, he said the so-called Volcker rule to ban proprietary trading by banks “has a lot of problems,” and would be “one of the problematic elements that, quite frankly, Governor Romney would seek to replace.”

Emphasis mine.

Oh, and don't even bother to ask about what Romney has in store for taxes, because he's not going to tell you anything more than he intends to lower taxes by an average of $231,971 for the top 1 percent of taxpayers. Are you going to lose any of your current deductions, or face an increase in your taxes? He's just too busy and important to be troubled with filling you in on the trivial little details.

If you're considering voting for Mitt Romney for POTUS, you'll just have to trust that he will always look out for what's best for the top one percent of the population.

Too bad about your homes.

[Tip o' the hat to Nicole.]