Remembering The Greatest Economic Crash In History.

Looking back at the market crash of 2008, it’s difficult to believe that it represented a greater loss of stock and home equity than any previous crash in American history. Though we may be impatient for a full recovery of jobs and middle class incomes, we should take a few moments to recognize that the quick action by Congress and the Federal Reserve did, in fact, work. The same can be said for President Obama’s automotive bailouts and economic stimulus which were opposed and derided by Teapublicans.

So you have not yet been able to find the job you want? Or you feel that you are being undervalued and underpaid? Your frustration is understandable. But, when compared to the aftermath of lesser crashes, it could have been a whole lot worse. We were not relegated to soup lines and work camps as our parents and grandparents were following the stock market crash of 1929. But had President Obama not ignored the Teapublicans’ call for austerity measures, we well might have been.

To fully appreciate what I mean, you need to look at the extent of the losses in 2008.

The Dow Jones Industrials lost 778 points in one day – the greatest single day loss in history. It’s estimated that the market crash resulted in a $1.2 trillion loss of market equity. Looking at it another way, the Dow lost 33.8 percent for the full year – surpassed only by the bear markets of 1907 and 1931. Further, GDP contracted for more than a year. Unemployment rose from 5 percent to 10 percent before it began to drop. According to Zillow.com, $3.3 trillion in home equity was stripped from homeowners in 2008 as home values fell by 30 percent. Income levels fell, causing the net worth of households and non-profit organizations to fall by roughly $15 trillion. And the impact of the crash on retirement funds is virtually immeasurable. Indeed, those who were nearing retirement may never fully recover the money lost in their IRAs, 401ks and their defined benefit pension funds.

Despite all of that, our economy recovered remarkably quickly. If you don’t believe me, just look at the economies of many other advanced nations that are struggling with stagnation who mistakenly followed the advice of conservatives. By contrast, the GDP of the US is growing, our deficits have fallen at a dramatic rate and our national debt is now less than 3 percent of our GDP – and it would be much lower if Teapublicans hadn’t fought to give more tax breaks to corporations and the one percent. Certainly, income inequality is skyrocketing, but it was expanding long before the crash as a result of the Bush tax cuts. Yet rather than do something to address the issue, the GOP-led Congress has, instead, voted to eliminate estate taxes for the wealthiest 5,000 families in America!

Remember that the next time you hear someone claim that the GOP is the party of fiscal responsibility. It was GOP policies that led to the Great Recession. And, once again, it was Democratic leadership that led us out of it.

United Corporations Of America.

Now that Congress has been bought by large corporate interests and billionaires, you can clearly see the GOP agenda intended to pay back campaign donors.

Some of the very first bills brought forward by the GOP include a bill demanding that President Obama and the State Department approve the Keystone XL pipeline. The stated goal is to “create jobs.” But given the fact that the pipeline would only create 35-50 permanent jobs (aside from the temporary jobs needed to build it and those who would be needed to try to clean up the toxic leaks), it’s really a blatant payback to the Koch brothers for supporting GOP candidates.

Of course, we’ve seen yet another Repeal Obamacare bill intended to throw red meat to the right wing base.

The GOP-led Congress has also passed bills intended to, once again, deregulate Wall Street and to eliminate the Consumer Protection Agency. Of course, this is a nod to the GOP’s big Wall Street donors and right wing billionaires. If signed into law, the result would be to unshackle too-big-to-fail banks and investment funds to fleece ordinary investors of their IRAs, 401ks and pension funds.

We’ve seen attempts to withhold funds from the Environmental Protection Agency. This, of course, is another bill to pay back the Koch brothers and large corporations, freeing them to extract resources without regard to the environment. And once the resources have been harvested, the public will be left to clean up the corporate mess.

And let’s not forget the other kind of GOP payback to which we have become so accustomed. The GOP is blocking confirmation of Loretta Lynch as Attorney General in an attempt to force Democrats to sign a well-intentioned human trafficking bill that has been amended to further restrict a woman’s right to a safe and legal abortion. This is the same kind of nonsense we’ve seen since President Obama took office in 2009…a period that has thus far seen the GOP block dozens of cabinet and judicial nominees along with 375 bills, including 7 jobs bills and 2 bills for veterans’ benefits. (Indeed, half of the filibusters in US history have come during the Obama administration.)

Yet, instead of replacing the bums with people who might actually represent their constituents, a low voter turnout resulted in the GOPstoppers picking up control of the Senate!

And lest you think that this generation of GOP politicians is particularly disgusting, remember that others in the GOP have done worse. For example, Richard Nixon resorted to treason by undermining President Johnson’s peace talks with the Vietnamese in order to win a close election with Hubert Humphrey. Ronald Reagan intentionally aligned himself with racist Southern Christians (the KKK has long been associated with Christian believers) to defeat Jimmy Carter. And George W. Bush relied on his brother to suppress thousands of votes in Florida in order to steal the presidency from Al Gore.

Although GOP cheating was less obvious in 2004, there is considerable evidence of widespread voter fraud in Ohio, the state that allowed Bush to defeat John Kerry.

More recently, Teapublicans have gerrymandered congressional districts to make it impossible for Democrats to win. They have passed restrictive voter ID laws to prevent minorities, the poor and the elderly from voting. They have cut early voting hours and the number of polls in Democratic-leaning areas to make voting more difficult. They have skirted, or outright ignored, campaign finance laws that forbid cooperation between campaigns and PACs or so-called “education” groups. And their hand-picked conservative Supreme Court Justices have acted to strike down decades of precedent in order to open the floodgates of corporate and special interest money in support of GOP candidates. In doing so, two of those “justices” (Thomas and Scalia) refused to recuse themselves from the cases despite the fact that they personally stood to benefit from their own decision – a breach of ethics that would not be tolerated at any other level of the justice system.

As a result, things are only going to get worse.

Democracy Lost.

In recent years, much has been written about growing inequality. It is, indeed, one of the most important issues of our time. And the effects of big money on our democracy have been devastating.

Sure, you may still be able to vote to elect those who are supposed to represent you. But that, alone, does not constitute democracy. Not only are the choices of candidates limited to two individuals – the only two who were able to climb their way up the political ladder in order to receive their parties’ blessings and, more important, their campaign funds. All too often, those who are elected are promised large campaign donations by corporations and industries in exchange for political favors. It is not necessarily quid pro quo, but the expectation for a return on the investment is there. So, too is the pressure.

In reality, such high stakes lobbying has long been a part of politics. But, over the past 35 years, things have gotten even worse.

In the late seventies, large US corporations began to see their hold on the world economy slip. New, lower-priced, high-quality imports – many of them made with robotics – from Japan and Germany began to push aside American-made products. US corporations responded by relocating manufacturing – first to the South, then off-shore – in search of lower-priced labor.

Perhaps, the most destructive response was the move to tie CEO compensation to the value of the companies’ share prices. This ushered in an era of ever-increasing CEO salaries and even more lucrative stock options for CEOs – a legalized form of insider trading. The result was for US corporations to seek ever lower-priced labor in countries where there is no regulation and no employee benefits. At the same time corporate profits have soared, employee salaries and corporate investments in the future have diminished – almost guaranteeing that the future will belong to foreign-based corporations. But why would our CEOs care? They and their money will be long gone before it matters.

Our corporations have used the threat of off-shoring jobs to extort our state and city governments. In exchange for their extortion, those governments have assumed many of the risks of corporate relocation or expansion by paying for needed infrastructure, cutting regulations, and delaying or eliminating corporate taxes.

Now these corporations are attempting to extort the federal government.

Unwilling to pay US income taxes on profits made off-shore, these corporations are stashing cash in foreign banks until the federal government agrees to “repatriate” the money at a greatly reduced tax rate. Of course, they’re justifying the extortion by saying that “repatriation” will lead to greater investments and more jobs in the US – the great “trickle down” fraud.

In reality, the money is more likely to be doled out to CEOs and other executives in the form of bonuses (as a reward for robbing ordinary taxpayers) and stock options.

In the meantime, corporations and billionaires have been working to rig the system. Realizing that buying Congress and our state legislatures is cheaper than paying lobbyists, people like the Koch brothers have stuffed the pockets of candidates willing to do their bidding. To pave the way, they pushed conservatives to stack the Supreme Court with ideologues such as Alito, Roberts, Scalia and Thomas. That inevitably led to favorable court rulings giving corporations the rights of people and all but eliminating limitations on political donations. They got the IRS to change its rules allowing “non-profits” to fund political campaigns. When they won control of legislatures, they gerrymandered congressional districts making it all but impossible for anyone but “their people” to win office. And they introduced Voter ID laws to suppress the votes of minorities and the poor.

In 2014, their efforts finally came to fruition. Having already bought the House in 2010, they now own the Senate. It’s no coincidence that the first bills to reach the House and Senate floors were to repeal “Obamacare” and to build the Koch…er…Keystone XL Pipeline. Senate Majority Leader Mitch McConnell has also made it clear that issues such as raising the minimum wage, equal pay for equal work, unemployment insurance and student loan costs will be pushed aside in favor of gutting regulations on health care and financial services and eviscerating the EPA.

If you’re still worried about the effects of so-called “dark money” on our democracy, don’t. Last year, our democracy officially became an oligarchy.

Why US Must Prosecute Its Architects Of Torture.

When President Obama took office, he and Attorney General Eric Holder declined to prosecute crimes committed by the Bush administration…the fraudulent case for the Iraq War, the illegal detention and treatment of the prisoners at Gitmo, and the failure of government agencies to regulate the gambling addiction of Wall Street. The feeling was that the nation needed to heal…that, in the midst of two wars and an economic calamity, the prosecution of crimes would only make the festering wounds worse. As a result, Bush administration officials were given a pass for war crimes and Wall Street bankers were given a “stay-out-of-jail” card for massive financial fraud.

It’s time for Obama and the Department of Justice to revisit that decision.

The Senate report on the Bush-led torture program chronicles the depravity of our extraordinary renditions and enhanced interrogations. It shows that, under the Bush administration, our nation sank to new lows, placing us among the world’s worst actors. Instead of claiming the high ground in our war on terror, in many ways we joined the so-called “Axis of Evil” as decried by former President Bush himself.

We cannot ever again claim to be the “beacon of hope” or that “shining city upon the hill” as described by Ronald Reagan if we refuse to seek justice against those who committed war crimes in our name. That means an open, and very public, trial of Bush, Cheney, former CIA Director Michael Hayden, former Attorneys General John Ashcroft and Alberto Gonzales, former Secretary of Defense Don Rumsfeld, former NSA Director Condoleezza Rice and anyone else within the Bush administration who authorized and ordered torture. We should demand that Richard “The Dick” Cheney repay his share of the reported $39.5 billion in profits made by Halliburton from the Iraq War. We should also reclaim the $81 million paid to the two psychologists who recommended the various forms of torture and, if they refuse to repay their “consulting” fees, we should arraign them on criminal charges.

“But what about the political divisiveness such actions would create?” you may ask.

That ship sailed long ago. It left port on the day of Obama’s inauguration when Mitch McConnell and his Teapublican cronies plotted to make Obama a one-term president by obstructing his nominations and every aspect of his agenda. It gained speed when Senate Teapublicans used the filibuster a record number of times and the GOP House voted to repeal the Affordable Care Act more than 50 times. And it sped out of sight when the GOP House voted to sue the sitting president of the United States.

Despite the president’s best efforts, there has been no healing of the wounds opened by the Bush administration. And there can be no healing of the US reputation unless those who chose to torture prisoners in violation of the Geneva Conventions and the UN treaty against torture are held accountable. Moreover, without a proper accounting, our own citizens and troops will be more vulnerable to torture in conflicts around the world. Does that mean a former president, vice-president, CIA director and assistant attorney general should go to prison? If we were to follow the precedent established by the Nuremburg trials of former Nazi leaders, the answer could very well be yes.

We cannot be a true democracy unless every crime is prosecuted fairly and equally under the law, and unless everyone is held accountable for criminal actions.

An Informed Voting Public?

Our Founding Fathers created a democracy based on informed voters carefully selecting a representative government. The reality is that, after nearly 240 years, we have neither an informed public nor a representative government. The most recent election is a case in point.

After six years of Teapublican obstruction, the approval rating of Congress was lower than the approval of cockroaches. So what did our “informed” voters do? They re-elected the vast majority of the incumbents and gave extra seats to members of the party that was responsible for the obstruction. Our national political pundits explained this phenomenon as the result of a low voter turnout and massive spending of “dark money” to elect candidates who would repay their benefactors with fewer regulations and more tax cuts. I explained that it was the result of the failure of the Democratic Party to promote its record of pulling our economy out of perhaps the biggest hole in history, making affordable health care available to most Americans, improving our nation’s standing throughout the world, expanding consumer protections and attempting to expand civil rights to all segments of our population.

There’s a better explanation.

This past Sunday, Fareed Zakaria, on his CNN show Global Public Square, featured an Ipsos MORI international study that measured the political ignorance in 14 western nations. The study asked respondents from those nations about various issues ranging from unemployment to immigration. While Italy ranked number one as the least informed citizenry, voters in the US ranked a close second. For example, when asked about unemployment in the US, our respondents guessed that the figure was 32 percent when the real number is less than 6 percent nationwide. When asked about the number of recent immigrants in our country, Americans guessed that they make up 32 percent of our population, when the real number is about 13 percent. Asked about the number of Muslims in our country, Americans guessed that Muslims comprise 15 percent of our population, when the real figure is 1 percent.

The large number of poorly informed voters explains why voters continue to vote against their own self-interests; why poor people vote for officials who give large tax breaks to the wealthy and large corporations; why they vote for officials who refuse to raise the minimum wage; why women vote for officials who refuse to demand equal pay for equal work; why the retired and near-retired vote for representatives who want to eliminate Social Security and Medicare.

Of course, we also have to ask ourselves why so many Americans are so poorly informed. The answer can be summed up in two words: schools and media.

Many of our schools no longer teach civics. As a result, many of our young people have never read the Constitution. They don’t even know how our government works. In addition, many of our nation’s textbooks are edited and approved by Texas conservatives so that they more resemble Christian and military propaganda than American history or science. For instance, we are still teaching children that Christopher Columbus discovered America when historians agree that he didn’t. And many of our schools are forced to teach “creationism” as an alternative to evolution, even though evolution is a fact as established as the theory of gravity.

Further, our so-called news media have placed an emphasis on entertainment and sensationalism to drive ratings at the expense of real news and information. As a result, we all know about the latest murder trial or the marital status of celebrities. But we don’t know the beliefs and agendas of the candidates on our ballots. Neither do we know world events that will ultimately affect us. We don’t even know that the US has been fighting wars for all but 13 years of our nation’s history. And we don’t know that our own actions led to most of them. Worse yet, we don’t know that our nation is no longer a democracy. Numerous political scientists and economists have proven that, by definition, it has become an oligarchy. (Of course, our poorly educated public likely doesn’t even know what an oligarchy is.)

The point of all this is to say that, if you don’t like our government, it’s not entirely the fault of those who were elected. It’s not necessarily the fault of one political party or our political system. The fault is our own, because we voted the scoundrels into office without ever bothering to ask what they will do. We’re only interested in which tribe they belong to – red or blue.

Inversion: The New Name For Corporate Tax Evasion.

Some of the world’s largest corporations were founded in the US. They were capitalized by selling shares to Americans on American stock markets. They relied on our infrastructure, our labor force, and the stability of our currency in order to prosper and grow. That growth was accelerated by tax incentives and government giveaways. They lobbied our Congress and the Federal Trade Commission to turn a blind eye as they swallowed up smaller competitors to create virtual monopolies. At the same time, these corporate giants took advantage of tax loopholes in order to reduce their tax rates to single digits.

So how have these companies repaid American taxpayers for their investment and their patronage?

Many corporations shipped their manufacturing jobs overseas in search of cheaper labor. They then dumped low cost products on our markets in order to force smaller competitors into submission. More recently, they stashed billions of dollars of their ill-gotten profits in foreign banks demanding that our government create a tax holiday to encourage them to “repatriate” the funds at greatly reduced tax rates. Now they are purchasing or merging with foreign competitors so that they might move their books overseas and avoid paying US taxes altogether.

The name for this latest off-shoring scheme is “inversion.”

Inversions are already costing our nation billions in lost revenue…revenue needed to maintain the infrastructure and economic stability these corporations rely upon. Medtronic recently resorted to the inversion scheme. Other companies to take advantage of the accounting trick include Aon, Applied Materials, Eaton Corporation, Fruit of the Loom, Halliburton, Ingersoll-Rand, Omnicom, and Tyco. The latest corporation to consider the scheme is Walgreens, which would presumably move its books from “the corner of happy and healthy” to Switzerland.

To add salt to this festering (and costly) wound, most of these inversions are being aided by our “too big to fail” banks; The very banks that were bailed out of certain bankruptcy in 2008 with our taxpayer funds.

So call it what you want, this latest corporate accounting trick is just another name for tax evasion. And I’d suggest another name for any corporation that resorts to such tactics…Traitor.

Advice From A War Criminal.

From The Department Of Who The Hell Cares, Richard “The Dick” Cheney and his unpleasant daughter, Liz (I assume that’s short for Lizard) recently announced that they have formed a Political Action Committee to “restore America.” Restore America to what? To a craven bully that interferes with other governments; that robs resources from third world countries while giving nothing in return; that encourages large agribusiness to dump excess products in other nations thus bankrupting small farmers and throwing them into abject poverty?

Or does The Dick merely want to start another war in order to direct more taxpayer billions to his former company and political allies at Halliburton? Does The Dick want to resume his position as Torturer-In-Chief to cause others to fear him? Does he still believe that we can use our military might and status as the world’s only superpower to force the rest of the world to kneel at his feet and pay tribute to our multinational corporations? Does he still want to extract money and resources from the poor to feed the insatiable appetites of his wealthy friends?

Yes, as part of the Ford, George H.W. Bush and George W. Bush administrations,The Dick has done all of that and more.

In an op-ed, The Dick and his disagreeable daughter wrote, “Rarely has a US president been so wrong about so much at the expense of so many,” to which White House Press Secretary Jay Carney rightfully replied, “Which president is he talking about?” The only president that meets that description is the one who lived in the White House while The Dick was running our nation to ruin.

Let’s review: First, Cheney and Bush stole the 2000 election through a combination of Jeb Bush denying voting rights to tens of thousands in Democratic-dominated Florida counties, by counting nearly 10,000 unsigned absentee ballots, by bullying election officials, and by appealing to a Republican-laden Supreme Court. Cheney and Bush ignored more than 40 warnings of a pending terrorist attack in the US by al-Qaeda. They then invaded an oil-rich country under false pretenses, ordering numerous atrocities. They stole our privacy. They awarded so many billions in no-bid contracts to Halliburton for rebuilding Iraq that they “misplaced” roughly $80 billion. They ignored outright gambling by our largest financial institutions costing ordinary Americans their homes and trillions of dollars. They then bailed out those same financial institutions in order that they might continue their ritual of handing out six and seven-figure bonuses. Finally, Cheney and Bush were convicted as war criminals in abstentia by an international court.

Now that is a failed presidency!

Did I mention that the Cheney/Bush fiasco included leaving the Middle East in complete turmoil giving Sunni and Shiite Muslims the opportunity to resume their near 1,400-year war over who is the rightful successor to Muhammad? Now The Dick and his spawn want the US to send troops to Iraq to intercede. They’re not worried about the lives of our soldiers, the lives of Iraqis, our national debt or our national reputation. They’re only worried about oil.

Here’s an idea. If The Dick feels so strongly about immersing our nation in another war or occupation, let him crank up his mechanical heart and enter the fray with his shotgun and his oily buddies. Give them military training and draft their children for the fight. After all, The Dick has already proven that he is dangerous to his friends with a shotgun in his hands. Imagine what he can do against his enemies. Anyway, he and his fellow executives of Big Oil are the only ones who stand to profit from another misadventure in Iraq.

The Teapublican Zombie Apocalypse.

Following eight years of the George W. Bush administration, which included two wars (including one pre-emptive war of choice), the failures of FEMA to give aid for the victims of Hurricane Katrina, the crash of the housing market, the nation’s second-largest stock market crash, the bailout of the nation’s largest banks, soaring debt, thousands of home foreclosures and skyrocketing unemployment, the general public was understandably outraged. The Democratic Party stood a good chance of tapping into that outrage thereby ensuring its dominance for generations.

Not only did it fail to do so, it allowed the Tea Party to capture the voters’ anger and help the GOP seize the House of Representatives in 2010.

Was that outcome the result of astute planning and insightful strategies by Republicans? No, it was the result of the stupidity, timidity and outright cowardice of Democrats! Instead of charging Bush officials for the war crimes they committed, Democrats allowed them to profit from the speaker’s circuit and to rewrite history with their inevitable memoirs. Instead of pursuing criminal charges against the banksters who defrauded ordinary Americans, the Department of Treasury and the Justice Department allowed them to give each other six and seven-figure bonuses for their misdeeds. Instead of rewriting the tax code to prevent corporations and individuals from avoiding taxes by stashing profits in off-shore accounts, they bowed to Teapublicans making the Bush tax cuts permanent.

By 2010, the populist outrage created by Teapublican policies was re-directed toward Democrats – not so much for what they had done, but for what they had NOT done. They have not established a brand, making their core values clearly understood. They have not embraced those who joined the Occupy movement and the 99 percent. Too few have stood up against big money and big business. They have not fought hard enough for what they claim to believe in. And, instead of staying focused on solutions to our nation’s problems, they have too often and too easily buckled to criticism.

Now we are heading toward yet another seminal moment in politics and the analysts are suggesting that the Teapublicans will not only hold onto the House. They are likely to take over the Senate! In other words, voters are likely to reward the party that blocked the regulation of financial institutions; the party that panders to large corporations and billionaires while demeaning and dismissing nearly half our population; the party whose policies have hollowed out the middle class and transferred trillions of dollars of wealth upward to those who least need it; the party that took us to war based on a series of lies; the party that has repeatedly tried to cut Social Security and Medicare; the party that refused to allow the duly-elected majority to legislate through a record number of filibusters; the party that prioritized the profits of large corporations over jobs; the party that ignores the needs of small businesses; the party that has destroyed labor unions; the party that underfunds Veterans Affairs then howls when it can’t meet demand; the party that believes that climate change and environmental conservation are based on flawed science.

If you’re a small business owner, a white collar worker, a blue collar laborer, a woman, a retiree, or anyone who wants to breathe clean air and drink clean water, the GOP has made it abundantly clear that they don’t care about you. By the same token, many in the Democratic Party have shown an unwillingness to fight for you. And their election strategy seems to consist of, “A Republican said (or did) something stupid, send us money.” Maybe that explains why so few Democratic voters show up at the polls during midterm elections.

Indeed, the two parties can best be summed up by two quotes. In the HBO series The Newsroom, Jeff Daniels’ character stated, “You know why people don’t like liberals?…cause they lose. If liberals are so f***ing smart, why do they lose so goddam always?” And conservative author P. J. O’Rourke famously wrote, “Republicans are the party that says government doesn’t work, and then they get elected and prove it.”

Unfortunately, I believe they are both right.

20 Things President Obama Should Do After The Mid-Terms.

In no particular order of importance:

  1. Normalize relations with Cuba.
  2. Support Palestine for UN membership.
  3. End the War on Drugs and begin the process of decriminalization.
  4. Renew calls for a Public Option as part of the Affordable Care Act.
  5. Negotiate pharmaceutical prices as all other industrialized nations have done.
  6. Rally Americans to aggressively deal with Climate Change.
  7. Push for an end to mandatory sentences for non-violent criminals.
  8. Order the Justice Department to aggressively pursue criminal charges against the banksters who collapsed our economy in 2008.
  9. Order the Justice Department to aggressively pursue charges of war crimes against those involved in the CIA’s torture program.
  10. Deny permission for TransCanada to build the Keystone XL pipeline.
  11. Push for changes to the tax code to prevent the use of offshore tax havens by individuals and corporations.
  12. Push the IRS to prevent 501c3s and 501c4s from engaging in politics.
  13. Aggressively push for immigration reform.
  14. End drone assassinations except as an absolute last resort to deal with terrorist leaders and increase transparency.
  15. Order the removal of ALL American troops from Afghanistan.
  16. Offer government-backed, interest-free college loans based on need.
  17. Demand that Congress pass common-sense gun control measures, including universal background checks and a ban on large ammo clips.
  18. Order the Justice Department to create uniform voting rights across all states.
  19. Aggressively push for an end to human trafficking.
  20. Order the Department of Defense to reduce its reliance on private contractors.

We Can’t Afford That Anymore.

Whenever someone proposes rebuilding our crumbling infrastructure, improving schools, funding research for chronic diseases, helping the unemployed, treating the mentally ill, paying pension obligations to public employees, etc., our politicians are quick to say that we can’t afford those things anymore.

Say what? The richest nation on Earth can’t afford to meet the needs of its own citizens?

In reality, it’s not that the US lacks the money to do these things. The federal budget for FY 2014 is $6.3 trillion and, for most Americans, our tax rates as a percentage of income are near all-time lows! So it’s not a lack of money. It’s a matter of priorities. We always seem to have money for military hardware and military interventions around the globe. It’s estimated that the wars in Afghanistan and Iraq will cost $6 trillion. It costs us $2.1 million per year to maintain just one soldier in Afghanistan, and current plans call for leaving up to 20,000 troops in Afghanistan after our “withdrawal.” Yet, some of the biggest budget hawks in Congress are calling for a larger presence in Afghanistan, military intervention in Syria, as well as confrontation in Crimea and the Ukraine. Some even hint at war with Iran.

Is it any wonder that we can’t afford to maintain our own nation?

These same budget hawks voted to dramatically expand funding for the F-35 jet fighter which is years behind schedule and hopelessly over budget. They even added funding to build more Abrams tanks, despite the fact that neither the Army nor the Marine Corps want them. As a result of such decisions, we will spend $820.2 billion on defense in FY 2014, not including Homeland Security. This money is not needed to defend our nation. It’s needed to maintain the American corporate empire; to maintain US control of resources in remote corners of the world; to maintain US access to Middle Eastern oil deposits; to maintain corporate access to global markets and to open new ones; to maintain massive profits and executive compensation.

Yet studies show that most Americans would rather bring our troops home. They would rather rebuild our own nation than one we bombed into submission. So why don’t our Congressional representatives listen? Why do so many continue to vote against the will of the people?

The answer, in a word, is money.

Large corporate interests take money from ordinary, hard-working people through various forms of scams and corporate subsidies. (You’ll find a great example detailed in a Rolling Stone article by Matt Taibbi linked here.) This leads to increased profits. The corporations then give a portion of that money to the election campaigns of politicians in order to buy access and influence. In return, those politicians pass laws to benefit the corporations. And the cycle starts all over again.

On the rare occasions when the politicians take their hands out of the pockets of their corporate sponsors, they pass laws to deregulate industries; to render the EPA and other regulatory agencies impotent; to increase welfare for large corporations while cutting their taxes; to privatize prisons, schools and public pension funds; to cut funding for parks, mental health facilities, public universities and public schools; to redirect taxpayer money to Wall Street hedge funds. All the while, they blame the nation’s resulting economic problems on labor unions, the unemployed and the working poor. To distract the public from their crimes, these fraudster politicians tell us that their actions are necessary to cut debt and create jobs.

What they don’t say is that the only jobs they’re concerned with are their own.