Showing posts with label Jesse Kelly. Show all posts
Showing posts with label Jesse Kelly. Show all posts

Thursday, October 7, 2010

Big money could bring the end of life as we know it


Are you scared yet? Should I go on?

These right-wing puppets (and-- thanks to the Roberts' court-- the corporatists and secretly-funded big-money groups behind them) want to end life as we know it in the United States of America. They don't want to take us back to the Bush era policies or the Contract for America.

With no Social Security, no healthcare safety net, no minimum wage, and, of course, no unions-- they want to take us back to the dawn of the Industrial Revolution, when people of all ages, including small children, slaved -- literally-- in factories and sweat shops for meager wages. If you were sick, old, or poor, it was your family's responsibility to take care of you. No family? Tough luck, you're on your own.

How could these ideas have gained so much popularity? Is it the sheer power of the moneyed forces behind the Tea Party-- like the John Birch Society Koch brothers or secretly-finded groups like Karl Rove's American Crossroads, which spent $3.5 million last week? All of this money + 24/7 yellow journalism courtesy of FOX News is trying to squash the progressive advances of the Obama Administration.

Here's some background on the origins of these ideas from The Billionaires Bankrolling the Tea Party by Frank Rich or the New York Times.

When David Koch ran to the right of Reagan as vice president on the 1980 Libertarian ticket (it polled 1 percent), his campaign called for the abolition not just of Social Security, federal regulatory agencies and welfare but also of the F.B.I., the C.I.A., and public schools — in other words, any government enterprise that would either inhibit his business profits or increase his taxes. He hasn’t changed. As Mayer details, Koch-supported lobbyists, foundations and political operatives are at the center of climate-science denial — a cause that forestalls threats to Koch Industries’ vast fossil fuel business. While Koch foundations donate to cancer hospitals like Memorial Sloan-Kettering in New York, Koch Industries has been lobbying to stop the Environmental Protection Agency from classifying another product important to its bottom line, formaldehyde, as a “known carcinogen” in humans (which it is).

Tea Partiers may share the Kochs’ detestation of taxes, big government and Obama. But there’s a difference between mainstream conservatism and a fringe agenda that tilts completely toward big business, whether on Wall Street or in the Gulf of Mexico, while dismantling fundamental government safety nets designed to protect the unemployed, public health, workplace safety and the subsistence of the elderly.

Yet inexorably the Koch agenda is morphing into the G.O.P. agenda, as articulated by current Republican members of Congress, including the putative next speaker of the House, John Boehner, and Tea Party Senate candidates like Rand Paul, Sharron Angle, and the new kid on the block, Alaska’s anti-Medicaid, anti-unemployment insurance Palin protégé, Joe Miller. Their program opposes a federal deficit, but has no objection to running up trillions in red ink in tax cuts to corporations and the superrich; apologizes to corporate malefactors like BP and derides money put in escrow for oil spill victims as a “slush fund”; opposes the extension of unemployment benefits; and calls for a freeze on federal regulations in an era when abuses in the oil, financial, mining, pharmaceutical and even egg industries (among others) have been outrageous.

The Koch brothers must be laughing all the way to the bank knowing that working Americans are aiding and abetting their selfish interests.
Has the country gone mad? Do the small guv'ment Tea Partiers think their Social Security and Medicare will be funded, while everyone under 65 will be thrown to the wolves? Fat chance. Tea Partiers, after they have used you, they'll go after your Medicare-funded scooters next.

For a look at our future, check out this book from the past-- How the Other Half Lives-- or watch Walmart: the High Cost of Low Prices.

UPDATE, October 8: Diane Rehm's Friday News Roundup covers this story. (Diane, honey, mention my blog next time, OK?)

Monday, October 4, 2010

US corporations post 'near-historic' profits, as poverty and joblessness increase: Now what?

This week, the Huffington Post reported that corporate profits are at "near-historic" levels-- up 38% compared to the same time period a year ago.

It's a pretty disgusting article about how layoffs, outsourcing, and low interest rates have allowed corporatists to rake in the cash-- and hoard it-- rather than reinvest it, which would improve the nation's ecomomy.

"Since 2008, corporate profits increased 10 percent -- but revenue was down 6 percent, the WSJ [Wall Street Journal] says. To achieve the impressive quarterly results, companies have had, as the WSJ puts it, to "streamline" their operations. This means firing workers, outsourcing labor and shuttering unprofitable (or less profitable) divisions.

"The robust state of corporate profits presents a paradox: companies won't spend their money until the economy improves, but the economy won't improve until they spend their money. An increase in hiring, for example, would help drive a recovery. The New York Times reports this "chicken-and-egg" phenomenon, noting that near-zero interest rates have encouraged companies to borrow money and simply hoard it because, as the NYT puts it, 'they can.'"


This is a perfect example of how dysfunctional trickle down economic theory is.

Juxtapose this story about historic corporate profits with the stories about the widening wealth gap between rich and poor, rising poverty in most states, disappearing middle class, people living in vehicles, and states and cities going broke.

Given this scenario, how can Congressional Republicans continue to support tax cuts for the wealthiest Americans and balk any time they are asked to extend unemployment?

How can Tea Party/Republicans like Sharon Angle (Nevada), Joe Miller (Alaska), and Jesse Kelly (Arizona) call for privatization of Social Security, elimination of the health care safety net, and elimimation of the national minimum wage? Angle, Miller, and Kelly are puppets of the corporatists. I can't believe that they honestly think dissolution of these programs would help the majority of Americans.

Privatization of Social Security would just give Wall Street's corporate gamblers more money to play with and another way to boost their historic profits even higher. Elimination of the health care safety net and the minimum wage and continued outsourcing of jobs would through the US into third-world status. It would be end of life as we know it. The former US middle class would become economic refugees.

UPDATE, October 6: Blog for Arizona's AZ Blue Meanie posted Update III: The New Corporate Business Model: Increase Profits, Not Jobs.

UPDATE, October 8: Diane Rehm's Friday News Roundup covers this story. (Diane, honey, mention my blog next time, OK?)