Congress Disrupted Recovery of the U.S. Economy

Throughout the last U.S. presidential elections there were instances of confusion, chaos, corruption and election fraud, all of which was noted by observers. Such instances were confirmed by many political analysts and economists at the time. This reflects two things: First, the American electoral system is outdated and sterile. Second, the system does not express the acceleration of social and economic development or the creation of new political forces in American society. It does not reflect the state of both the Democratic and Republican Parties’ political monopolization, which both have shared through past agreements over the U.S. administration and its policies.

Opinion polls show that the two parties and their interests negatively impacted the infrastructure and institutional capacity of the American state. Humility was absent in the special interests and pressure groups. They left the economic system and ignited, on the way, political chaos by influencing the conduct of U.S. foreign policy. They influenced the wars, the alliances and the differences between the parties and consequently the gradual fall of the American manufacturing assembly, military and rule of law in the time of the George W. Bush administration.

It is not strange that all the analysis confirms that the American debt crisis is not an economic crisis, but that America is incapable and has failed economically. The reality is that America is strong economically and has a lot of potential, but what happened was a first-degree failure because of political sterility. A state of paralysis and sterility was born of the American political and economic systems which both came to resemble a family business rather than the state or the institution of law. This is especially true as the U.S. economy is tied to most of the economies of the world, meaning that any digression negatively influences the global economy.

The political corruption in the Republican era led to a relationship between them and the military-industrial complex. This in turn led to a series of foreign wars and the occupation of states in order to control their oil resources, all the while doubling the debt burden on the United States. This is all because of the increase in arms and foreign military presence, which doubled the economic cost of the war while negatively impacting the American and global economies.The beneficiaries in this system are the parties and their allied companies, like Halliburton and others. This made the U.S. look like a failed state and outside of the law, as trying to exploit international law for its especially short-sighted purposes. This is not the America that existed before the 90s. The American debt crisis accumulated its foundations through inter-party and partisan conflict influenced by men of the business community. This will affect the course of all countries whose economies are pegged to the dollar. These countries will have to pay a price for this association through a low dollar value and low oil prices. Hence, it is required for the sake of these countries, to reform the structure of the American political and economic system. Even Obama said that the American political and economic systems are need in reform. He accused Congress of disrupting the U.S. economy’s recovery by failing to take action that will create jobs and assist growth. Thus, reform means reforming the economy and politics together, in addition to ending external militarization and foreign intervention. These things pose the greatest cost to the U.S. economy.

U.S. political reform is meant to strengthen state institutions and national structures, especially those that have a relationship with the outside world as its economic and security foundation. The U.S. must remove itself from becoming vulnerable to the tension and political pull of the political parties. The continuation down this path will weaken future confidence in America and affect its allies. The U.S. needs to rebuild its administrative institutions so that they are independent of narrow partisan interests and alliances with the military-industrial complex. Some political parties work on concessions that only serve their temporary interests, which is why the U.S. economy must be moved away from party dominance. Partisan dominance is what promoted the U.S.’s internal and external crisis and revealed that the U.S. lacks the institutions and statesmen necessary.

The lesson we learn from these crises is that we should not put all of our investments in one basket, as the Gulf countries did, no matter what our relationship with the U.S. is and what their interests are. The U.S. “basket” is infected with political paralysis and is the worst failing economy of our time; the U.S. needs sweeping reforms. This invites us to plan for the future by diversifying investments and focusing less on the tumbling dollar, despite the importance of its vitality. We must aim to create economic integration in the Gulf by focusing on domestic economics and investment. The reorientation of these investments to domestic economies is necessary in order to alleviate the impact of the crises. This is especially true of the imported American debt crisis currently plaguing our national economy.