Day: June 24, 2013

Two Supreme Court Justices Prove To Be Disasters And Embarrassments: Clarence Thomas And Samuel Alito!

Ronald 4 Comments

It is now clear that the second Supreme Court nominee choices of George H. W. Bush and his son, George W. Bush, have turned out to be disasters and embarrassments to the Court they serve on!

Clarence Thomas was appointed by the elder Bush, and went through a tumultuous Supreme Court nomination battle, centered on sexual harassment charges by Anita Hill, and his confirmation was the closest vote of a successful nominee in decades!

He has proceeded to be an embarrassment, showing bitterness and the desire for revenge, and sullying the memory of the first African American Justice, Thurgood Marshall, who he replaced on the Court in 1991.

And a beneficiary of affirmative action, he has now, just today, compared affirmative action to slavery and segregation, an absolutely crazy comparison!

This man is inappropriate in his behavior in so many ways, including NEVER asking a question during oral arguments, the only Justice in memory to have that unfortunate distinction!

And then there is Samuel Alito, the appointment of George W. Bush in 2005, who mouthed open opposition to Barack Obama’s criticism of the Citizens United Case in his State of the Union Address in 2010, embarrassing himself and the Court!

And Alito, today, mocked fellow Justice Ruth Bader Ginsberg with gestures, including rolling his eyes, shaking his head, and looking at the ceiling. And Alito apparently has a problem with the other women Justices, Sonia Sotomayor and Elena Kagan, showing disrespect for them in open Court. As Dana Milbank of the Washington Post said today, Alito displays “Middle School antics”.

And imagine, Alito could have been the Chief Justice if John Roberts had already begun testimony to replace Sandra Day O’Connor, but before he could, Chief Justice William Rehnquist died, and President Bush decided to switch Roberts to the Chief Justice position, and so Alito replaced O’Connor as an Associate Justice on the Court! Imagine Chief Justice Alito, the sour puss and nasty personality!

So the Bushes made major mistakes in selection of Thomas and Alito, and the Court is stuck with them for many years, beyond the retirement of another conservative, Antonin Scalia, who is more intelligent, and more charming, even if often obnoxious as well!

The Imminent Doubling Of College Student Loan Interest Rates: Tragedy For America!

Ronald Leave a comment

If nothing is done to prevent it, on July 1, student loan interest rates will double from 3.4 percent to 6.8 percent, and the Republicans in the House of Representatives are doing nothing to prevent this tragedy, not only for college students, but for the long term future of the American economy!

As it is, many college students are in a bind, unable to pay their student loans, and therefore, will lose their credit rating, and be unable to purchase homes, rent apartments, buy automobiles, plan to have children, and all of the other plans and dreams of young people, who get an education and then discover how difficult it is to gain employment in their field of study!

37 million young people have student loans, and close to 7 million are delinquent on student loans more than 90 days.

The average outstanding student debt per household was nearly $27,000 in 2010, and one in four students have a debt more than $61,000 per household, an insurmountable burden.

69 percent of student loans are paid by middle class and poor families, and 24 cents of every dollar earned in a poor household and 12 cents of every dollar earned in a middle class household goes to student debt payments. For the higher income level, only 2 cents per dollar earned goes to student debts, and only 31 percent of loans are in higher income households.

$1.1 trillion, second only to mortgage debt, is owned by students who have no hope in many cases of ever coming out from under what is a form of economic slavery!

With the Great Recession of 2008 and its aftermath, the effect has been to delay or forgo the vision of ever having a normal economic life of home, automobile, and marriage, the whole concept of the “American Dream”!

While this crisis festers, banks are able to borrow from the Federal Reserve at 0.75 percent, one eighth of what students will face after July 1, adding $2500 to their financial burden, while under a plan of Senator Elizabeth Warren of Massachusetts, students would get the same interest rate as banks, and save an average of $6500 per student.

This change in student loan interest needs to be adopted, but the GOP seems uninterested in doing anything, and lack of action will victimize millions of college students!

67 percent of Americans want the Warren plan adopted, and 83 percent want the loan rate to stay at 3.4 percent or go down to the bank rate of 0.75 percent!

Can the Republican Party for once do what is right for young people, since not all young people are born to wealthy parents? Can they show some understanding of the struggles of young people trying to get ahead and get an education, and still have a future of independence, ownership of homes and autos, ability to have children, and save for retirement?

Should student loans become a new form of economic slavery forced on us by banks which have no conscience, other than obscene profits?