Pressing Pause

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Pressing Pause

What To Do About Gas Prices

Catherine Rampell of The Washington Post argues neither major political party has a serious plan to deal with inflation overall or gas prices specifically. So the choice is between the two parties agendas. “So what do Republicans stand for?” she asks.

“Their national leaders won’t say, even when asked directly; their state-level rising stars are mostly focused on fighting with Mickey Mouse and drag queens. But if you look at GOP actions taken over the past several years, including when they had unified control of the federal government, you get a sense of what Republicans are likely to prioritize.

Mostly, Republicans seem to care about tax cuts for the wealthy and corporations. They want to find ways to repeal Obamacare, or otherwise reduce access to health care by (for example) slashingMedicaid.

They care about installing judges who will roll back reproductive rights.

They care about supporting a president who used the powers of the state to further his own political and financial interests, rather than those of the American public he was sworn to serve.

They care about supporting a presidency whose few purported diplomatic achievements, in retrospect, look largely like an excuse to meet potential investors who might fund Trump aides’ new private equity endeavors.

They care about defending, at all costs, a president who cheered on the mob seeking to hang his own vice president.

And they care about undermining the integrity of our election system and overturning the will of the voters, if and when vote tallies don’t go their way.”

In other words, the remote possibility of slightly cheaper gas could come with very high costs to our democracy and the common good.

Why Obama Will Be Playing Even More Golf

I’m doing my best to block out Presidential politics, but you can’t expect me to remain completely silent.

My liberal friends roll their eyes at me when I predict this election is going to be really close and could very well go Romney’s way. They don’t appreciate the magnitude of conservatives’ dislike for President Obama (P.O.). As one of my right wing nutter friends puts it, “ABO—Anybody But Obama”.

W was a mountain biker. Obama is a golfer. My guess is he likes golf because it’s the exact opposite of Presidential politics in that you control your destiny. No person is an island. . . except for when they’re on the first tee. Roll in a 25 footer for birdie and bask in the glory. There’s no infielder you have to throw to for the relay at home, no catcher that has to hold onto the ball, no other oarsman or woman to keep rhythm with, no doubles partner to cover the alley, no teammates at all. Slice it out of bounds and accept the responsibility for the two stroke penalty. No projecting.

P.O.’s re-election hinges upon improving economics at home. And because our economy and Europe’s are increasingly interdependent, that will be determined in part by people named Angela, Francois, Mario and Wolfgang. And then there’s Congress. P.O. wants temporary tax cuts and spending initiatives to spark public sector job hiring, but Congressional Republicans have no incentive to help him.

And China is letting its currency devalue again, making its exports cheaper and those from the U.S. to China more costly. India’s economy is slowing and the phrase “financial contagion” is appearing with increasing frequency in business periodicals. Eurozone unemployment is at 11%, the highest since tracking began in 1995.

Then there’s the Supreme Court which sometime soon will decide whether P.O.’s controversial first term focus—expanded health care coverage based upon required participation—is constitutional or not.

And there’s this picture from my California cycling sojourn.

A suggestion, fill up before or after Lee Vining, CA.

Economists are quick to say a President doesn’t control the cost of gas or the nation’s growth rate, let alone the unemployment rate in Europe or at home, but perception is reality. Add up last week’s anemic job growth numbers, the tick up in unemployment, higher than average gas prices, the mess that is the Eurozone, stagnant wages, especially tough job prospects for college graduates, and any challenger would have a decent shot at defeating the incumbent.

If those variables don’t improve or get worse, an Obama loss will not surprise me. Either way, look for him to play more golf whether as a second term president or a former president because the golf course is the only place where he alone controls his destiny.