Category Archives: Corporations

“Fiscal Cliff” Bill Includes More Largess For Wall Street.

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Avoiding the “fiscal cliff” should have been a simple matter of extending the Bush tax cuts for 98 percent of Americans. After all, this was the central issue in the presidential campaign. But the GOP (Guardians Of Privilege) have never passed up an opportunity to take from the poor and give to the rich.

So buried in the bill are a few very expensive gifts for the rich and the powerful.

For example, Section 322 is a $9 billion provision that allows banks and multinational corporations to defer taxes when they engage in “active financing.” Their lobbyists claim it’s necessary to help them compete overseas. But critics say that it’s a merely another windfall that encourages the banks and manufacturers to create more jobs overseas.

Yet another payoff to Wall Street is Section 328 which extends tax-exempt financing for the area around the former World Trade Center for another year. Originally intended to help fund reconstruction following 9/11, much of the financing has been used to build luxury apartments, instead. It even helped finance the construction of Goldman Sachs’ new headquarters (as if they actually needed the help).

Of course, news of the bill’s passage sent the Dow Jones Industrial Average soaring. As a result, hedge fund managers and the other Wall Street executives can rest assured that they’ll be in line for seven figure bonuses again this year.

So congratulations, fellow taxpayers. Thanks to lobbyists and the GOP, we just gave the wealthy and the powerful a late Christmas gift.

And all we got in return was the shaft!

NRA Exposed!

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The National Rifle Association began as an organization dedicated to preserving hunting and to support target shooting as a wholesome activity for young people. Its origins go back to a time when our nation was largely rural and hunting was more than a sport. It was a way to put food on the family table.

That NRA no longer exists.

Today’s NRA is merely an ideological lobbying group for gun manufacturers. The NRA’s opposition to a proposed international arms treaty is proof. The United Nations’ Arms Trade Treaty is designed to control the illicit trade of small arms to international terrorist groups and drug cartels. The text of the proposed treaty reaffirms the right and responsibility of any State to control the transfer of conventional weapons within its territory.

The treaty would have no affect on the sale of guns in the US or our 2nd Amendment right to own guns.

Yet the NRA is vehemently opposed to the treaty. In an attempt to block it, the NRA leadership has lied to its membership, saying the treaty is a “stealth attempt to circumvent the 2nd Amendment.” The NRA claims that it will result in black-shirted thugs breaking in your doors in order to confiscate your guns. According to NRA leaders, the treaty is the first step in allowing the new black Hitler (Obama) to take away all of your freedoms.

You may ask, “Why would the NRA make such outrageous lies?”

The answer is simple. The proposed treaty could conceivably limit the sale of expensive assault weapons around the globe. Of course, that would be bad for the large gun manufacturers that pay the salaries of NRA leadership.

While that may seem cynical, it’s nothing compared to the arms industry following mass murders in the US. Rather than view events such as Columbine, Virginia Tech, Tucson, Aurora, and Newtown as tragedies, the gun industry sees them as opportunities. Each massacre results in dramatic increases in gun sales…particularly for the type of weapons used for the killings.

After Tucson, the sale of 9mm Glock handguns soared. After Aurora, the gun sales in Colorado spiked. And after Newtown, gun sales are off the charts. The makers of high-capacity magazines for AR-15 assault rifles sold 3.5 years worth of clips in just 3 days following the massacre! And in 2012, Ruger broke its annual sales record by early August.

With its sponsors cashing in on every tragedy, is it really any wonder the NRA’s answer to gun violence is for more people to buy guns? With so much money at stake, and so many assault rifles and semi-automatic handguns already in the hands of Americans, any form of common sense gun control will be nothing short of a miracle.

From The Age Of Enlightened Minds To The Age Of Dimwits.

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The so-called Tea Party “Patriots” are fond of comparing themselves to the Founding Fathers in order to promote their self-serving, narrow-minded philosophy. Indeed, they named themselves after those courageous souls who dared to stand up to the British at places such as Boston Harbor, Lexington and Concord.

Yet today’s teabaggers couldn’t be more different from the likes of Thomas Jefferson and Benjamin Franklin.

The Founding Fathers were committed to education, to science and reason. By contrast, the Tea Party is committed to superstition, faith and brutish behavior. The Tea Party believes in slashing funding for education. Its followers dismiss science, and they consider those who are well-educated to be anti-American elitists.

According to Jon Meacham’s wonderful biography Thomas Jefferson, The Art of Power, Jefferson was an avid student of history and philosophy. He believed that “…reason, not revelation or unquestioned tradition or superstition, deserved pride of place in human affairs.”

Tea Party adherents, on the other hand, reject reason and cling to an inaccurate version of history in order to make our nation fit their narrow-minded ideology. An ideology based on the Articles of Confederation rather than the Constitution which replaced them, and on a plutocratic interpretation of Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations that seems to reject government intervention in the free market. Yet many scholars reject that interpretation, pointing to the fact that, time and again, Smith warned of the dangers of businesses forming cabals and monopolies in order to fix the highest price “which can be squeezed out of the buyers.”

In order to realize the best possible future for our nation, who are we to follow? George Washington or Eric Cantor? Benjamin Franklin or Sarah Palin? Thomas Jefferson or Michele Bachmann?

You decide.

GOP Keeps Getting Crazier.

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Embittered by their presidential candidate losing the election to President Obama, Teapublicans are having a snit.

They refuse to believe that they lost because of their wacko ideas. Instead, they claim that Obama won only because he promised “to give stuff away” to voters. Adding to the insanity, polls show that 25 percent of Teapublicans now want their states to secede from the Union so they won’t have to be governed by President Obama. Another 19 percent of Teapublicans say that secession would be acceptable to them.

That’s 44 percent of these so-called “patriots” who claim no allegiance to the United States of America!

Another poll shows that 49 percent of Teapublicans believe the election was stolen by ACORN…an organization that no longer exists! (In case you need a refresher, ACORN was blamed for the results of the 2008 election. In 2009, a fraudulent video was played endlessly by Fox News Channel until enough elected officials decided to withdraw funding from the organization causing it to cease operations.)

Here’s my message to these nitwits: Keep blaming everyone else for your failures – the 47 percent, the mainstream media, ACORN, the new Black Panther, minorities, immigrants, women, retirees, imagined voter fraud, misguided GOP campaign strategists, etc., etc., etc.

Keep promoting mental outpatients, such as Michele Bachmann, for president. Keep pushing the ethically challenged, such as Mitt Romney, Paul Ryan and Newt Gingrich. Keep praising intolerant religious zealots such as Rick Santorum and Mike Huckabee. And, by all means, keep prioritizing the goals of the wealthy and large multinational corporations over the needs of working people.

If you continue to do all of these things, your party will soon end up in the dustbin of history alongside the Whigs.

Believe me, America will be better for it.

The Right Wing Propaganda Machine.

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Since the end of the FCC Fairness Doctrine, we have been subjected to a massive propaganda campaign led by Fox News Channel and the loudmouths on hate radio. But that’s just the propaganda that’s most noticeable.

Billionaire plutocrats have funded a less noisy, much more sinister effort. It involves the use of so-called “think tanks” – conservative organizations such as the American Enterprise Institute, the Cato Institute, and Americans For Prosperity that generate research studies to “prove” the worth of conservative ideas.

These studies are then shopped to the media, to Congress and anyone else who might be willing to listen. Too often, those who listen include the mainstream media looking to fill airtime in our 24/7 culture.

As a result, viewers and listeners are convinced (with the help of media pundits and commentators) that cutting taxes for the wealthy will create jobs; that providing tax subsidies for multinational corporations are a panacea for fixing our struggling economy; that privatization of schools, prisons and other institutions are more efficient and cost-effective; that shipping manufacturing jobs oversees actually benefits our economy; that “entitlements” such as Social Security and Medicare are no longer affordable; that private retirement accounts are better than pensions; etc., etc., etc.

Most of these studies are phony science – intended to benefit only the plutocrats who funded them.

Of course, there is even more to the propaganda machine. There are the lobbyists who have the ears of Congress. There are the plutocrats who contribute to political campaigns in order to gain influence after the candidates are elected. And most sinister of all, there are corporate-sponsored organizations such as ALEC (American Legislative Exchange Council) that write legislation to benefit their sponsors then push legislative members to vote it into law.

The only way to combat such highly-organized and well-funded propaganda is to be very skeptical. Seek out information from a large variety of sources. Look at the origin of the studies. Follow the money. And be particularly wary of anything that benefits the well-connected and the well-heeled. Then get involved. Let your representatives know that you are paying attention. Ask them difficult questions. And hold them accountable.

Can We Finally Flush The Trickle Down Theory?

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The notion that cutting taxes for the wealthy somehow creates jobs has never been proven to work.  Not once.  Never.  Ever.

In fact, there is much evidence to the contrary.

Many economists and non-partisan academic studies have pronounced it a fraud.  Not even the Reagan-era budget directors who resurrected the idea from the dust bin of history believe in it anymore.

Indeed, one need only compare job creation during the Clinton administration with that of the George W. Bush administration to see the fallacy of tax cuts as a job creating stimulus.  When Clinton raised the top marginal rate to more than 39 percent, the economy grew dramatically.  When Bush cut the top marginal rate to 35 percent, the economy began its slide over the cliff.

There’s more.

The idea failed in the early 1900s when it was known as Horse and Sparrow economics.  And contrary to the the notion that low taxes create jobs, the Eisenhower administration grew the economy when the top marginal rate was 91 percent!

Despite all of this evidence, Republicans continue to claim that tax cuts create jobs.  Why?  Because Republicans sold the soul of their party to the very wealthy and to large, multinational corporations.  They have to find some way to sell this lame idea to the poor and middle class voters.  So, like a sleazy carnival barker, they loudly proclaim that it is the miracle cure for every struggling economy.

What they fail to mention is that the real miracle will be if it ever works.

Proof That Tax Breaks For The Rich Do Not Create Jobs.

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For years, economists have scoffed at the notion that tax breaks for the wealthy benefit the rest of society.  The policy failed in the early 1900s when it was known as Horse and Sparrow economics.  And it failed in the 1980s when it was called Trickle Down economics. Indeed, even the architects of Reagan’s economic policy now admit the policy is a failure.

The notion was further debunked in the 1990s when President Clinton raised taxes on the wealthy resulting in millions of new jobs.

But evidence has never stopped Teapublicans from claiming that the only way to create jobs is to cut taxes for the wealthy and multi-national corporations.  They continue to claim that tax cuts are the only incentives for the so-called “job creators.”  Of course, this year’s crop of Teapublican candidates is pursuing the same policy.  They’re counting on voters who are frustrated by the slow recovery from the enormous economic crisis they created to buy into the same old malarkey again.

Teapublicans deny that they are responsible for the crisis and that their obstructionism is responsible for the slow recovery.  They say, “Trust us.  Tax cuts will work this time.” 

Unfortunately for Teapublicans, the non-partisan Congressional Research Service created a report that, once again, found that lower marginal tax rates for the wealthy have no effect on economic growth and job creation.   So what did the Teapublican leadership do with this information?  Did it sway their opinions?  Did they modify their policy?

Certainly not.

According to a story in The New York Times, Senate Teapublicans led by Mitch McConnell persuaded the Congressional Research Service to withdraw the report.  After all, they wouldn’t want the voting public to know the truth!

The Cultural Pendulum.

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During my 40+ years in advertising, I learned that our culture is like a pendulum.  It swings far in one direction then back an equal distance in the other direction.  However, it’s on a 360 degree axis, so it never comes back to quite the same place twice.

You can see this pendulum effect play out in many ways, including politics.

In the late 1800s and early 1900s, wealthy men such as J.P. Morgan, Cornelius Vanderbilt, and John D. Rockefeller wielded most of the political power.  These industrialists made billions off the backs of others.  They controlled their employees with an iron fist.  They controlled government the same way.

It was an age when workers, including children, were forced to labor in deplorable conditions.  They were paid little for back-breaking work in mines, in sweatshops, in factories and on railroads.  There were no safety and environmental regulations.  No labor unions.  No salary negotiations. No retirement safety nets.

Following the labor strikes of the early 1900s and following the Great Depression, things began to change.  People realized that they had been abandoned by the powerful and the wealthy.  The need for collective action became apparent.

Sadly, the pendulum is swinging back in the direction of the plutocrats; the so-called “job creators.”  We’ve been through decades of union busting.  Middle class jobs have been exported to other countries in search of ever lower labor costs.  Financial, environmental and safety regulations are under attack.  The top one percent has enjoyed an ever-increasing share of the national wealth while the wages of the poor and the middle class have declined.

More disturbingly, there is evidence that the pendulum is accelerating toward the right.  The wealthy and powerful have been emboldened.  The mere fact that a candidate for the Republican presidential nomination felt comfortable promoting the exploitation of child labor during the Republican debates should send a chill down everyone’s spine.  Now business owners and corporate executives are even demanding that their employees vote for Mitt Romney or be fired.

If the Republicans take control of the White House and Congress, our nation will swing even further toward the Horse and Sparrow economy; an economy based on the notion that if you feed enough oats to the horse (the wealthy and the multi-national corporations), some will pass through and end up on the road for the sparrows (you and me).

Undermining Democracy.

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For more than 40 years, the Republican Party has been working to undermine our elections.  It first became apparent with the Watergate break-in, which was an obvious attempt to steal an election and subvert our constitution.

But the Republican strategy actually began a few years earlier, when Republican Vice-President Spiro Agnew used his position to create partisan distrust of our news media.  The attack on the media gained steam as ensuing Republican administrations appointed directors to the Federal Communications Commission with instructions to repeal the Fairness Doctrine.

They succeeded in 1987, giving birth to hyper-partisan TV networks such as Fox News Channel and right wing radio hosts such as Rush Limbaugh.

In addition, Republicans began a partisan attack on our judicial system.  Once based on merit, the Supreme Court was changed by Reagan, George H. W Bush and George W. Bush when they nominated ideologues such as Thomas and Scalia to make decisions based on conservative “values.”  They were rewarded with Supreme Court rulings that equate money with free speech and corporations with individuals.

Of course, these decisions assured the Republican Party of an overwhelming campaign advantage funded by their multi-national corporate masters.

In the House of Representatives, former Speaker Newt Gingrich began a cleansing of moderate Republicans in order to assure party-line votes on virtually every issue.  And, in the Senate, Republicans began wielding the filibuster in record numbers to force Democratics to gain a super majority on even the most mundane of bills, such as nominations for Treasury, State, EPA, Education, Justice, ATF, and federal judgeships.

In order to win elections, Republicans created divisive issues villifying minorities, immigrants and gays, then loaded the airwaves with negative ads in hopes of disgusting voters, thereby suppressing votes by all but their most right wing base.

When they lost by a landslide in 2008, Republicans tried to convince voters that the elections were stolen without providing a shred of actual evidence.  They then set about creating laws and reducing polling hours to suppress votes in mostly Democratic areas by demanding photo IDs that are sometimes expensive and hard to obtain.

Republicans have tried to bust unions in hopes of ending union campaign contributions to Democratic candidates.  They have tried to defund Planned Parenthood, not just because they disagree with abortion, but because it represents a reliable Democratic voting bloc.  They have also tried to defund public broadcasting in hopes of destroying the last truly independent news network.

Republicans have even defunded education at every level.  After all, an uneducated and uninformed electorate is more easily deceived by Fox News and other Republican-controlled media.

Despite all of this, surveys show that if every eligible voter went to the polls, President Obama and Democrats would win handily.  Let’s make sure enough of these people vote to spoil the Republican strategy.

Teapublican Echo Chamber.

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A recent email from the US Chamber of Commerce listed its preferred “pro-business” candidates for the US Senate.  Not surprisingly, every single recommended candidate was a Teapublican.

That’s not because Democrats are anti-business.  They’re most certainly not.

It’s because the US Chamber of Commerce is little more than a highly partisan Political Action Committee that supports large, multi-national corporations and the Republican Party.  It spends member fees to lower taxes and cut regulations for multi-nationals.  It pushes for fewer obstacles to international trade.  And it lobbies almost exclusively on behalf of multi-nationals.

These things do nothing to benefit the small businesses on Main Street.  In fact, for small businesses, they cause more harm than good.

So if you own a small business, ask yourself:  What do I really get out of membership to the Chamber aside from the occasional mixer and a certificate to hang on the wall?  If the answer is, as I suspect, nothing, take a moment before you write that next membership check.  Why pay membership fees that will be used to work against your self-interests?

Wouldn’t you be better off saving the money to join the Rotary or the Lions Club, instead?