Republican Party Down Fall

GOP Should Ask Why U.S. is on the Wrong Track is a commentary written by Ron Paul, a 10-term hardcore Republican congressman from Texas and two time presidential candidate who is described as a conservative, a constitutionalist, and a libertarian. In this article, the author speaks out against his own party and how they have been derailed from its core values. The current change in government dominance, a strong majority democratic politicians’, must have sparked the author to write this commentary. The question he asks “Where is our country heading?” centralizes the purpose of this article and his argument which he intends to express personal thoughts on this matter.

The author intended audience is mainly directed to the Republican Party but it is also to influence people to stand up strong for the Republican values and take charge. He states that Americans are in search of a change and that the opposing party chose there words wisely, giving that party the winning ticket. He expresses their change as “…that the change offered was no change at all, only a change in the engineer of a runaway train.” Republican core beliefs and promise to in shrink the size of government, limiting its power, sound money, and strict enforcement of the Constitutional laws, is what most Republicans endorsed in order to win at the polls for the past 2 terms. These core values soon faded once the party took office in 2000.

The only thing Americans saw from the Republican Party was more spending, more debt, economic down fall, an attack on civil liberties such as the Patriot Act, and unconstitutional wars. The author points out that American people have lost there trust in the Republican Party. Their credibility needs to be regained and the author says the solution is for his party to reaccess their core beliefs and stick to them through thick and thin. He believes that the Republicans must “…show how the country (not the party) that it can be put back on the right track.

If the party does not regain their credibility the author believes that his party will only be mimicking the Democrats with more spending, more debt, and more inflation with no future of slowing down the economic crisis. With that said, issues will remain a one-sided victory for the Democrats which are leading our country toward a “dictatorial powerful state.”

I believe that the Republican Party needs to regain their foot hold in the government and to get back on track, to the core values that established the party in the first place. The author opinions in his article are logical. Having two parties of equal representation allows for the checks and balances of government power to keep the most honored job, an honest job. This article has given me a sense of urgency and that I should demand a change to the Republican party and expect them to stand by its original beliefs.

Another Bank Bailout Plan

Bailout Plan: $2.5 Trillion and a Strong U.S. Hand, an article written by Edmund L. Andrews and Stephen Labaton of the New York Times, about the Treasuries plan to rescue banks. An unsuccessful proposal of $2.5 Trillion Rescue Plan presented by the new Treasury Secretary proves to be a tough bid. Timothy F. Geirthner presenting what has not been seen by the government since the 1930’s, a plan to flood the market place with money to help banks begin lending again. In doing so, the government will be more involved in the markets, regulating how the banks will lend money, and forcing the banks to become more transparent.

The Senate disapproves of this plan on the bases that the plan is not specific enough in the details. Three major parts of the plan have the least amount of details describing how this money will be put to use, the details of how it will regain credit and how it will turn the market around. Paraphrasing the President, “Wall Street is looking for an easy way out from this downward spiral, but with all the damaged made to the national and world markets; it will not be an easy road to recover from.”

This article puts the bailout into perspective. A good way to see where this economy is heading, knowing the mind set of the new head of the Treasury Department and his administrations planning scheme. The Senate is being careful of what they approve. With all that has gone wrong with the banks, it’s in their best interest to insure that any plan that comes to them, better have some strict binding regulations with a clear objective. If you care about how our tax dollars are being utilized, this is a good article to read.

http://www.nytimes.com/2009/02/11/business/economy/11bailout.html?_r=1&ref=politics