It must suck to be President Obama. He can't buy a break. Some goofball at IRS was actually foolish enough to go near the Tea Party's tax-exempt status. NSA has been snooping into our phone records. Worse still, the day after Bill Clinton called him a wimp for not carpet-bombing Syria to support the rebels and their Al Qaeda buddies, the president caved in and said he'd provide the motley crew with weapons. His presidency is headed downhill in a hurry.
What's a president to do? Responding to the needs and will of the people would be a good start. Mr. President, you have to get around to that some time. How about help right for people in need and a good spanking for those who deserve it.
1) Adopt the Warren student loan plan immediately and lower student loan rates, all of them. Make the program permanent.
A major factor in Obama's drop in the polls is the loss of trust of the under 30 year old voters. What's one of their major complaints? They're paying ridiculous rates on loans for an education when there are few jobs to support those payments. Obama should swing for the fences and support a vastly expanded version of Senator Elizabeth Warren's program to drop interest on student loans. (Elizabeth Warren)
Warren's Senate bill, the Bank on Student Loan Fairness Act, would set Stafford Loan interest at the same rate the nation's banks pay the Federal Reserve for their loans. That rate is currently 0.75%. Why shouldn't students get the same rates as banks? Obama should go further and propose an expansion of Warren's legislation. Why not let all those who have student loans refinance them through this program? At the first complaint by the banks, Obama should appoint an aggressive Federal prosecutor to go after the graft and corruption that allowed the student loan mess to begin with.
2) Start prosecuting Wall Street crooks
After Franklin D. Roosevelt's first victory in 1932 amidst the Great Depression, the Senate Banking and Finance Committee hired a great lawyer, to investigate the crash and the crooks behind it. Ferdinand Pecora was a highly capable, honest, aggressive lawyer looking to dish out retribution to the banksters as they were called then (financial gangsters). Pecora went after the Wall Street elite with a vengeance and helped initiate protective legislation that lasted until 2000 and often resulted in prosecution of the crooked elite. Ferdinand Pecora
3) Tell the British, the French, and the Clinton's to Go to Hell over Syria
The president made a real effort to back off of the belligerent and ill-fated policy of regime change in Syria. That country never attacked us. Aid and direct involvement in the insurrection violates the Nuremberg Principles. How hard is it to take a stand? Apparently, for Obama, it's nearly impossible. Bill Clinton took a cheap shot at Obama saying he was weak on Syria. The next day, the White House issued a weak justification for open lethal aid to the Syrian rebels.
by US government
The British, French, and Hillary Clinton have been foaming at the mouth for this move for months. It's a neocon thing. We wouldn't understand.
In 1956, the Great Britain, France, and Israel decided to attack Egypt after then President Gamal Abdel Nasser nationalized the Suez Canal. President Dwight D. Eisenhower was quick to respond. He had the International Monetary Fund deny Britain a loan for much needed oil and threatened to sell off British recovery bonds if the military action continued. It stopped. Time to get tough with the neoconservatives overseas and at home.
4) Establish a Bank of the United States for the specific purpose of funding the $2 trillion needed to repair the nation's roads, dams, bridges, and other public works that are falling apart.
The American Society of Civil Engineers did a report card on our falling apart public works and found it would take $2 trillion just to keep up with repairs. This would be a huge boost to employment with real jobs for working people. It would also improve commerce and strengthen those businesses that still make real products for U.S. and overseas markets. The bank's assets would be the entirety of the federal government properties, etc. The bonds issued would actually be worth something. In addition, the bank could partner with community banks to stimulate local economies. The zombie banks like Citi and JPMorgan would actually have to compete for a change. First Bank
5) Fire General Keith Alexander, head of NSA, issue a full pardon to Edward Snowden, and apologize for a massive invasion of privacy.
Obama has served the financial elite for six years. Now it's time for him to serve us. If he wants to survive an awful second term, he needs to act boldly and dump the people who constantly turn on him and serve those who elected him.