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Democratic National Convention Begins and Ends Constructively

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The theme of the Democratic National Convention opened and closed on the idea of moving the United States forward. Julian Castro moved the convention in his role as mayor of San Antonio, Texas. Mayor Castro emphasized the great importance of opportunity as a condition precedent to prosperity. He spoke of decent jobs, building infrastructure and the idea that education is actually pro-business.

Mayor Castro explained how President Obama saved the auto industry, expanded Pell Grants and created Obamacare. It is to be noted that former
President Bush signed into law a $700 billion dollar bailout in early October ’08. The bailout was signed in order to prevent the Wall Street crisis from igniting across communities in America.

Later, First Lady Michelle Obama addressed the convention. Her speech
emphasized the personal side of President Obama as a family man who reads moving letters from ordinary people well into the night. His conclusion from reading these letters is that the problems described to him have to be fixed.

Mrs. Obama related how some teachers in this country work without pay in a bankrupt school district The speech extolled the idea of pay equity in addition to creating new jobs. The First Lady indicated that health care is not an easy issue to address but it is the right thing to do. Another important theme is to give everyone an equal chance at achieving the ideal of the American dream.

Her speech contained numerous references to hardships in her life, as well as President Obama’s. Mrs. Obama is a graduate of both Princeton University and Harvard Law School. Clearly, historians will view her as one of the most highly educated first ladies to serve in the White House.

Minority leader, Rep. Nancy Pelosi reignited the idea of the American dream for all. She spoke of the need to strengthen the middle class, promote equality, make college more affordable and establish health care as a basic right and not a privilege.

Ms. Pelosi explained how the Obama administration brought the country back from the brink of a financial depression while still preserving the social safety net. Ms. Pelosi reminded the audience that rebuilding the middle class starts with the middle class and not the upper class. Former President Carter made a similar statement to the convention when he said that President Obama would always place the middle class first in the process of making hard decisions.

Sister Simone Campbell addressed the convention to explain how Rep. Ryan’s proposed budget would harm the poor. She asked that Medicare be expanded to help the poor while providing heart rendering examples of people hurt by not having the requisite health care coverage. Sister Simone spoke of faith, family and fairness.

Important auto industry representatives such as  UAW President, Bob King, explained how President Obama saved GM and Chrysler, resulting in preserving one million jobs and adding another 250,000 jobs over the past four years. Prior to leaving office, former President Bush approved a $17 billion dollar bailout of GM and Chrysler to be paid out in two parts over a five month period.

Former President Bill Clinton addressed the convention as well. He said that President Obama stopped the slide to another Great Depression and put a floor under the crash of  2008. Clinton gave credit to former President Eisenhower who made significant contributions to the national highway construction efforts , as well as sending federal troops to Little Rock, Arkansas. Former President Clinton explained how he worked with both former Presidents Bush on natural disaster relief efforts.

Former President Clinton set forth a delineation of how the recovery progressed from the loss of 750,000 jobs a month to an economy which has added 4.5 million jobs and 500,000 manufacturing jobs. In addition, the auto industry has 250,000 more jobs than in 2009. The former president explained how new gas mileage standards will add another half million jobs.

Clinton explained that workers must be educated, in some cases in order to work at the new jobs already created. The former president explained that student loans will be given at a lower rate with repayment over a 20 year period. In addition, the debt obligation will be determined by a worker’s salary. This aspect is crucial for college graduates choosing public service jobs like teaching.

Former President Clinton addressed the benefits of Obamacare by stating that individuals will get back a high percentage of the money paid in. Essentially, there will be no cuts to benefits. Money will be saved by cutting subsidies to providers who don’t get people healthy. In addition, parents with children in college will have health coverage up to their mid twenties.

Former President Clinton explained how Republican economic policies raised the debt both before and after the Clinton administration. The former president stated that Republicans were in power for 28 of the past 52 years.  In that period of time, Republicans created 24 million new jobs.  Democrats were in power for only 24 years and created 42 million jobs. In addition, President Clinton indicated that the recession of 2008 was a tougher downturn than the one he faced upon becoming president of the United States.

Clinton explained that the United States is a force for peace, justice and prosperity. He reminded the convention that America always comes back.
Ultimately, our cause as a nation is to work toward a more perfect union.

President Obama addressed the convention and explained a series of  accomplishments for the first term. The administration completed a withdrawal of U.S. troops from Iraq and is in the process of doing the same in Afghanistan over a period of several years. Bin Laden is dead and Al Qaeda is on a path to defeat. In addition, the president explained that no one who fights for the United States should ever have to fight for a job.

President Obama explained the necessity of cutting taxes for people who need it. In additon, he explained the need to pursue the manufacturing and engineering sectors to put the economy on a stronger foundation. The president explained that our workers are making things again and over a half million new jobs in manufacturing have been created in the last two years alone.

Obama explained that oil imports have been cut. New oil and gas
exploration has commenced without adding $4 billion in corporate welfare. In addition, the United States has over 100 years of natural gas reserves and the exploitation of this resource could create 600 thousand new jobs.  The president explained that oil and gas exploration would move forward while respecting the realities of climate change.

President Obama explained that The Patient Protection and Affordable Care Act was passed to reduce the cost of health care for all Americans. He vowed never to allow Medicare to be turned into a voucher program.

President Obama explained that education is the gateway to the middle class. He sought to cut the growth in tuition by one half within a decade. His administration provided additional Pell Grant support, more affordable interest rates on student loans and debt relief for thousands whose mortgage loans exceed the value of their properties.

Earlier, Vice President Biden explained how the GM and Chrysler automobile companies were brought back literally from the verge of extinction.  In addition, he explained that the American dream would never be downsized. The vice president explained that President Obama had courage and compassion.

The Democratic National Convention ended on a theme to move the country forward while never going back to decades of policies that led to the crash of the financial markets in 2008 and the loss of thousands of jobs each month until a reversal of fortune some months into the Obama Administration.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.
  • The important thing to notice is whether or not President Obama affirms the platform both in the campaign
    and in the debates because I’m sure he’ll be asked the same questions you are posing right now.

    Mitt Romney has affirmed Jerusalem squarely within the domain of the State of Israel. I’m sure that these issues will surface in the formal debates. Right now, it’s important for journalists to formulate pertinent questions for these debates.

  • Baronius

    I think you’re underestimating the uniqueness of that platform vote. The Dems were getting slammed in the conservative media, so they decided to change their platform, apparently at the President’s request. What followed was not, but looked like, the delegates booing G-d and Jerusalem. Add to that the fact that the chair ignored the delegates and passed the thing anyway, and the whole thing was an unforced error.

    The swing voter doesn’t like extremism. They don’t trust people who cheer G-d or boo G-d. They avoid anyone who talks about abortion, on either side. The DNC emphasis on the “war on women” may well have backfired for that reason. When Caroline Kennedy said that as a Catholic she’s concerned about reproductive health, I think a lot of viewers sensed that there was something weird going on.

    The bumping of Biden was a bad move, we agree. Any gaffe would have gotten exposure no matter when the speech took place, but most of the benefit of an effective speech was negated. Just as noticable as Biden’s bump was Mrs. Clinton’s absence. AFAIK, Al Gore wasn’t there either. The funny thing is, I think they were both avoiding someone who’s poison for their reputation, but it wasn’t the current president.

    I thought it was hilarious that ABC had objective journalist George Stephanopoulos in the booth.

  • The delegates’ omission of G-d from the Convention is expected. The agnostic and atheistic
    clearly have sway at both conventions but more influence with the Democrats. President Obama
    supported Israel during his speech. The President really doesn’t have full control over what
    the delegates do individually or even collectively. Bumping VP Joe Biden from prime time was a mistake.
    His presentation clearly added to the Convention in a significant way.

    President Obama made clear what he would do within the next four years. He’ll pursue manufacturing and
    engineering to put the economy on a firmer foundation. His Administration will cut the spiraling growth
    of tuition for students by half within a decade. He vowed never to let Medicare become a voucher based
    program. In addition, he promised to restore the middle class. The President indicated that the gas
    mileage requirements would be doubled within the next decade. He complemented the work of charitable
    organizations and churches in this country. President Obama didn’t have to say much more because the
    speakers who preceeded him said a lot.

  • Baronius

    You’re describing a very different convention than I saw. The things that struck me the most:

    – The delegates rejected the President’s platform planks on God and Israel, and were then ignored by Mayor Villaraigosa. That’s an ugly clip.
    – The VP was bumped from prime-time. (Personally, I think he’s a very good speaker, but let’s face it, they were afraid of a gaffe.)
    – Prime-time slots were instead given to NARAL President Nancy Keenan, Cecile Richards of Planned Parenthood, and contraception activist Sandra Fluke. An odd move.
    – Precious little talk about what the President actually wants to do in the next four years, other than moving “forward”.