Monthly Archives: June 2012

Greedy Bastards!

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Lately, I’ve been reading Dylan Ratigan’s book, Greedy Bastard$.  This is an even-handed account of how corporations and banks are sucking America dry.  I recommend it to everyone – Democrats, Independents and Teapublicans alike.  I warn you:  It will not only educate you about the state of our nation and how we got here.  It will infuriate you by showing you how corporations and politicians are destroying the nation while, at the same time, wrapping themselves in the American flag (which by the way is now made in China).

If you read it, you will get angry.  But that’s exactly what we need.  Check it out at: http://greedybastards.com/

President Obama Can Recapture His Popularity With Men.

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Recent polls have shown that President Obama’s popularity with white men has declined.  As a result, some Democratic “strategists” have suggested that the president should focus his attention on minorities, women and educated, successful men.  They reason that trying to reach blue collar white men would be a waste of time and money.

That only shows how little these overpaid “strategists” really know.  Dismissing the committed Teapublicans and racists, President Obama has a strong record to sell to men.  His American Recovery and Reinvestment Act and loans to the American auto industry saved millions of construction and factory jobs.  If the president’s case is properly stated, many of these men will understand that they owe their jobs to him.

Moreover, the “strategists” miss what is probably the real reason that the president’s popularity among male voters has declined.  Until recently, he has shown a lack of cajones.  Men – all men – respect another man who stands up for what he believes in.  They need to be reminded that President Obama ordered the killing of Osama bin Laden.  And they need to see the president continue to stand up and speak out strongly against the obstructionist Teapublicans.

McCain’s Accusation Only Confirms Our Choice In 2008.

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Today, Senator John McNasty accused the Obama administration of leaking national security information in order to make President Obama look strong as we near the election.

First, why would the White House want to commit leaks to make the president look strong?  He doesn’t need any help with his national security credentials.  President Obama is the man who ordered the capture or killing of Osama bin Laden.  He has done far more to damage al Qaeda in 4 years than President Bush did in 8 years.  His credibility on this issue is above reproach.

Second, McCain wouldn’t accuse another of such a traitorous act for political gain if he wouldn’t consider it himself if the roles were reversed.

Kind of makes you feel even better about the choice we made in 2008, doesn’t it?

How Performance-Based Compensation Is Killing America.

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Sometime in the late 70s, I met with a client to discuss his marketing plans for the year.  When I asked about the company’s long-term plans, the client said that his Fortune 500 Company no longer does long-term planning.  When the client noticed my obvious surprise, he told me that things were changing too quickly.  He went on to explain that the company’s CEO is now compensated with a base salary and performance-based stock options.  The higher the stock price, the more the CEO would be paid.

Now more than 30 years later, the effects of performance-based compensation are obvious.

CEOs now base their companies’ success on the share price of securities.  Not on brand value, number of offices and employees, company holdings and investments, or sales.  As a result, many CEOs are now willing to mortgage the future of their companies in order to maximize share price.  Of course, one way to accomplish their short-sighted goal is to increase productivity, aka employee layoffs.  Another popular method is to cut or eliminate employee benefits.  Yet another method is to export jobs to countries that have a plentiful supply of low-cost workers, no labor unions and few regulations.

There is no loyalty to long-time employees, vendors, communities, the nation or the environment.  The only thing that matters is the stock value and how that translates into executive compensation.  The average tenure of a CEO with any one company is slightly more than 8 years.  As a result, they often don’t care about what happens to that company 10, 20 or 30 years from now as long as they have time to cash in their stock.  If the company is aquired or merged, that only means the stock price is likely to go up.

If we want to take back our country from these greedy few, we have to change the way performance is measured.  The price of a share of stock is not enough.  We must also measure the value of corporations to our nation – the number of jobs provided, impact on our environment, contributions to communities, value of natural resources consumed, and taxes paid.

Until that happens, you will continue to see CEOs lead our nation in a race to the bottom.

The Teapublican Book of Lies.

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You know those things Teapublicans present as facts that just never quite make sense?  The ones that are repeated day after day on Fox News Channel and right wing radio?  The conservative ideas that have been tried and failed, but keep coming back?

I’ve taken 50 of those so-called “facts,” researched them, and presented my findings in a new book:  The Teapublican Book of Lies.  It’s a sort of handbook for debates with your conservative friends and family members.

Pardon the shameless self-promotion, but you can buy the book from Amazon.

Where Fair And Balanced Still Mean Something.

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Although little more than an imaginary line separates us, Canada’s politics are light years away from those in the US.  Unlike our politicians, Canadians don’t have to consult a dictionary for the meaning of compromise.  And except for the vile rhetoric blasted across the border by US radio stations, the Canadian airwaves are void of hate-filled rants.

The reason?

Canada’s Radio Act requires that “a licenser may not broadcast….any false or misleading news.”  Broadcast news reporters and pundits tell the truth?  How positively pre-1987!  That was the year the FCC, pushed by President Ronald Reagan, repealed the Fairness Doctrine.  Ever since, conservative crackpots have been free to lie, mislead and spew any hateful ideas they want – the more the better.  In the US, we understand those are the things that build ratings.

But those darn, polite Canadians have yet to realize that ratings are more important than civility and fairness.  So they cling to the quaint belief that broadcasters and politicians should tell the truth.  Is it any wonder that Canadian conservatives are deprived of the likes of Fox News Channel?  And now that Canadian regulators have rejected Prime Minister Stephen Harper’s efforts to repeal the Radio Act, Canada’s conservatives will have to settle for the truth a while longer.

The Real Freeloaders.

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For the past year Teapublicans, cheered on by Fox News Channel, have complained that the poor pay no federal income taxes.  They have insulted those who are down on their luck by calling them the “Freeloader Class.”  Yet, at the same time, they decry tax increases for the wealthy as “Class Warfare.”

Well, Teapublicans, you now have another group of freeloaders worthy of your disdain and venomous attacks:  According to a report by the Internal Revenue Service, more than 35,000 people with incomes of $200,000 or more paid no federal income taxes in 2009.

These are people who, by any standard, must be considered wealthy, but through a variety of tax credits and deductions were able to zero out their federal income tax bill.

Tell me, Teapublicans, which is worse?  The working poor and the elderly who make so little they are not required to pay federal income taxes?  Or those fortunate enough to earn substantial incomes and use a combination of write-offs and accounting tricks to avoid their responsibilities?

The answer is clear, even if you are unlikely to admit it.

For Sale: USA, Highest Bidder Takes All.

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This past week, it was announced that Teapublican Super Pacs will spend more than $3 billion on attack ads.  Likely, there will be nearly a billion more spent by the campaigns for Teapublican candidates.

Also in the news this week, was the John Edwards verdict and mistrial over the alleged misspending of money for a 2008 campaign at a time when contributions were limited to $2,500 from any single contributor.

The juxtaposition of the two stories should tell you everything you need to know about the impact of the Supreme Court’s misguided decisions equating money with free speech and corporations with individuals.

Thanks to the Court’s five conservative justices, this election may very well go to the highest bidders.  The Koch brothers, John Paulson, Bill Marriott, Richard Marriott, Julian Robertson, Ken Griffin, and Jim Davis each have donated $1,000,000 or more to Mitt Romney’s campaign.  In addition, the Koch Brothers and Sheldon Adelson have donated untold millions to Super Pacs dedicated to attacking President Obama.

Of course, they don’t expect anything in return…nooooo!  Why would anyone think that?

If, like me, you believe individual voters should decide elections.  Not corporations and billionaires.  If you think that elections should be determined by the quality of ideas.  Not the quantity of contributions.  Then let’s overrule the Court.  Help restore our democracy by signing the petition at www.MoveToAmend.org.