President Obama spoke briefly from the Rose Garden this morning about the economy. He acknowledged that the recovery is still fragile, but offered assurances that his team was, “hard at work on additional measures.” He offered few details, but pulled no punches in blasting GOP leaders for their obstruction of relief for small business. “I ask Senate Republicans to drop the blockade,” the President urged, referring to the persistent GOP filibuster of a small business aid bill that’s been stalled in the Senate since shortly after the House passed similar legislation this past March.

The small business aid bill, last blocked from going to the Senate floor at the end of July, includes $12 billion in tax relief and also creates a $30 billion fund intended to facilitate lending to small businesses. The tax breaks, designed to stimulate growth, include deductions for capital equipment investment and credits for new hires. With the large banks still withholding any funding for small business, the loan fund is designed to allow community and regional banks, those with assets under $10 billion, to fill the void. Small businesses need money to expand, and according to Bob Coleman, publisher of the Coleman Report, which provides information on small-business lending, many businesses are postponing expansion while they wait on the outcome of this bill.

Republicans in the Senate have spoken out against the bill, likening it to the TARP, which they all supported, but which has since fallen into disrepute. They label the bill as more Democrat spending, even though it’s fully paid for. Senate Minority Leader, Mitch McConnell explained that the Republicans had already been given 3 amendments to the bill, but that “three amendments is not enough.” Democrats countered that the border security provision offered by Republicans had nothing to do with small business, and that they would not allow the Republican maneuver to add a permanent extension to the Bush tax cuts. Republicans also complained about the $1.5 billion in aid to farmers contained in the bill, so Democrats removed the provision, but were still not able to sway any Republican support.

In his speech today, President Obama stated of the bill that, “there’s no reason to block it besides pure partisan politics.” Dean Baker, of the Center for Economic and Policy Research seems to be in agreement. Speaking in July, he characterized the standoff like this, “The Democrats want to hand money out to small banks and win some support among traditionally Republican backers, while the Republicans don’t want the Democrats to have any achievements to show when they campaign.” Even the U.S. Chamber of Commerce, who typically sides with Republicans, is fully in favor of the legislation.

So, how is it that the Party who purports to be a champion of small business, comes to resist, so adamantly, a bill designed to help that very segment? This is the same party that bases their defense of extending the Bush tax cuts for the rich on the detriment their expiration would have on small business, yet they won’t support this fully funded stimulus. Conservative voters should take heed, because this is just another piece, amongst a vast body of evidence that indicates where Republican loyalties are tied.

President Obama did mention a few other examples of efforts being pursued by his administration. He emphasized that they were still fighting for the extension of the Bush tax cuts for the middle class. Although he gave no indication of how they might achieve that without also extending the cuts for the rich. They are incapable without GOP support, and thus far, Senate Republicans remain firm in their resolve to force an across the board extension, that adds $678 billion to the deficit from relief for the rich, or nothing at all.

The President stated that further tax cuts to encourage businesses to create jobs in the U.S. were being considered. He also listed initiatives being pursued, such as, “rebuilding more infrastructure for the future” and “redoubling our investment in clean energy and research and development.” But he gave no details on these items, nor did he even mention the current stimulus, which is actively moving these initiatives forward. The stimulus which is so often maligned by conservatives, but credited by economists for avoiding 2 addition percentage points of unemployment and adding millions of jobs, is also providing a critical service in moving our nation into a clean, alternative energy future and building infrastructure in the areas of public transportation and a smart grid.

Much to the disappointment of many progressives, the President’s speech failed to clearly identify the severity of our current economic problems or the details of the administrations plan to address them. With both consumers and businesses tucking their money away, there’s little hope that things will change without further stimulus, but in an election year where the deficit hawks are out hunting for prey, Democrats appear to lack the resolve to promote such a bold action. The alternative is obviously a very slow recovery in which the middle class foots the lion’s share of the bill — and minus the public wherewithal to understand that the deficit has merely been presented to conveniently block further corrective action, we appear to be doomed to stew in this status quo.

Article first published as I Think I’ll Vote Republican — NOT! on Technorati.

On this, the eve of Glen Beck’s “Restoring Honor” rally in Washington, I think it a good time to reflect on what it means to be a conservative in 21^st Century America. Beck has scheduled his rally on the anniversary of Martin Luther King’s “March on Washington.” According to Beck, the purpose of the rally is to celebrate “upstanding citizens who embody our nation’s founding principles of integrity, truth and honor.” Such patriotism, such vision, a staunch supporter of the Republican Party, Beck is at the core of contemporary conservatism.

So, what is it that defines today’s conservative? What is the Republican plan for the future of America?

John Boehner shared the Republican vision for America earlier this week. And fortunately for conservative voters, the Republican platform is far more simple than that of their Democratic counterparts. Republicans don’t spend all that wasted time worrying about equity and ethics and all that stupid liberal stuff. Heck, when your objective is limited to maximizing the profits of big-business and minimizing the tax burden of the top 2%, all that fairness stuff just gets in the way.

Oddly enough, the new Republican Party looks an awful lot like the party of George Bush. So drastic is the likeness, that topping their list of priorities is the extension of the Bush tax cuts — for even the very rich, permanently. They even espouse the same disproven Bush tenet that tax cuts pay for themselves. So, although economists contend that the $678 billion price tag to extend the cuts for the top 2% will directly impact the deficit for which the Republicans feign concern — not to worry — we just need to cut spending.

Ah, but where to cut? Not defense! Oh no, the Military Industrial Complex is the heart and soul of conservative America — not to disparage the fossil fuel industry or the gun lobby. But, with defense costing over $1 trillion and representing more than 25% of the budget, where better to slice? Wait a minute . . . what would George Bush do? That’s it — Social Security can be privatized! Never mind that it’s solvent through 2037 and that with minor tweaking it can provide a vital safety net well into the next century; it’s a huge pool of money just begging to be exploited.

But, what about jobs? The problem is that Americans still expect far too much in compensation for their labor. But is it government’s responsibility to get people back to work? Unemployment is actually a good thing, for business, so long as you don’t have to pay benefits. There are really few things better for corporate profits than an abundant supply of labor so desperate for work that pay-scale and fringes no longer matter. So, the solution is self-evident: oppose any government funding of benefits, rail against government investment in infrastructure or energy or anything else that might tip the balance of economic power, and for God’s sake make sure nothing stops the flow of jobs overseas.

So, less taxes, fewer entitlements, an eager workforce, it’s music to the ears of contemporary conservatism. And the final ingredient to restore the Bush recipe for a prosperous upper crust — more deregulation. Just keep those oil wells pumping, those insiders trading, that gas flowing, and blessed will be the fruit of the offshoring multinational. The heck with the environment. What’s a little oil spill here and a little flaming water there? Businesses have to compete on a global scale, and worrying about the environment just isn’t good for profits. Besides, if you’re already exploiting the people, who gives a care about the planet?

Does any of this sound at all familiar? It should, because it’s Bushonomics 101. Today’s Republican Party promises a full return to the very practices that produced the most meager job growth since the 1940s, resulted in the first decline in median household income of any cycle since 1967, set modern records for the concentration of wealth at the very top, crashed the economy, brought us the Massey mine disaster, filled the Gulf with oil, and divided our nation.

The only real difference between the Bush Republicans and the Boehner, McConnell, Palin, Beck contingent is that where the Bushies confined their fear mongering to terrorists and certain foreign enemies, the 2010 Republicans have turned their sites inward. American citizen or not, if you’re Islamic or Mexican, Black, gay or liberal — you are an “Other,” and that makes you the problem . . . or rather the solution, because wealthy or not, the Republicans still need votes, and with a platform that only benefits 2% of the population, distraction is everything.

This White House has “vilified industries,” complains the Chamber of Commerce. America is burdened with “an anti-business president,” moans The Weekly Standard.

Would that all presidents were this anti-business: according to the St. Louis Federal Reserve, corporate profits hit $1.37 trillion in the first quarter—an all-time high. Businesses are sitting on about $2 trillion in cash reserves. Business spending jumped 20 percent last quarter, and is up by 13 percent against 2009. The Obama administration has dropped taxes for small businesses and big ones alike. Maybe the president could be anti-me for a while. I could use the money.

Ezra Klein, Newsweek

It doesn’t matter how much Obama does for business, or how well business is doing. Republicans have proven that they care nothing about truth, facts or the American people — so as long as conservative voters will buy their lies, they’ll keep spinning Obama as anti-business. This is all a given; the perplexing part is how to get conservative voters to actually look at the facts.

As Ezra Klein stated, “corporate profits hit $1.37 trillion in the first quarter — an all-time high.” Business is doing fine and the GDP continues to rise, but average Americans see no improvement. It’s a jobless recovery, and it’s being sustained by Republican obstruction and subterfuge.

The Republican message is that, although business is sitting on a ton of money, $2 trillion according to Klein — they will not hire until there is more certainty about the future. There’s much truth in this statement, but it falls short of telling the “whole truth,” which includes the fact that it’s the Republicans who are creating the uncertainty, and they’re doing so for their own selfish gains.

They could work with the President toward real solutions, but instead they block anything that can help anyone except the upper 2%.  The vast majority of Republicans have voted against extending unemployment benefits, against providing aid to prevent teacher layoffs, against funding COBRA benefits for the unemployed, against providing stimulus to the economy . . . all in the name of fiscal accountability. Yet those same elected officials support extending the Bush tax cuts for the rich, a move that all economists agree will increase the deficit and do very little to stimulate anything but the further concentration of wealth in America.

Conservative voters would be well served to understand that you can support business without completely sacrificing the wellbeing of The People. Being pro-business does not require solidarity with the Republicans who consistently show their total devotion to profits over people. Republican unity against increasing the liability limits for the disaster in the Gulf, against reforming the Wall Street casino, against disclosure of campaign donations . . . against anything that might reduce corporate profits, is not pro-business — it’s pro-mega-business.

Since the Wall Street thieves and gamblers brought down the economy, there have only been 3 initiatives to gain strong Republican support: bailout the banks, cut taxes for the rich, and fund the Military Industrial Complex. If this is where your priorities are, then by all means vote Republican, but do so knowing that you’re supporting only the biggest businesses and the most wealthy people. The real truth is that both parties are pro-business, but the Republicans stand alone in being anti-American-People — well, really only 98% of the people.