Category Archives: Economy

Turning History Into Fiction.

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Last week’s opening of the George W. Bush presidential library was remarkable in one respect. With the opening, Teapublicans began their attempts to rewrite history in earnest.

Last week, you heard Bush state that he still considers our invasion of Iraq a great achievement for exporting democracy to the world. There was no mention, of course, about the tens of thousands of casualties, the war’s estimated $3 trillion price tag, and the fact that the invasion actually strengthened Iran’s influence in the area.

You heard some Teapublicans speak glowingly of Bush’s economic policies, which will, in their opinion, make history. They view Bush as the greatest president in recent decades. (In case you’ve forgotten, when Bush assumed office, there was an annual surplus. And when he left, our economy was in absolute free fall.) You even heard Karl “Turd Blossom” Rove state that Bush’s image should be carved into Mount Rushmore alongside Washington, Jefferson, Lincoln, and Roosevelt!

Does this mean that, in the feeble minds of Teapublicans, Bush has now displaced Reagan as the greatest president ever?

Given the amount of b.s. being generated in Texas last week, no wonder it’s known as the Longhorn state.

Flight Delays Versus Food, Children And Safety.

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Late Thursday and early Friday, legislation sailed through Congress faster than it has in years. The reason? Teapublicans were upset by furloughs to air traffic controllers, causing flight delays for business people, vacation travelers and, of course, Congress.

Oh my! How would these people ever survive an hour or two wait on their way to and from Washington?

On the other hand, Congress is not at all concerned about the other effects of sequestration cuts. Cuts to meals on wheels for the elderly? They’ll just have to learn to get by with less. Cuts to Medicare payments for cancer patients? Cancer drugs are a luxury. Cuts to food inspectors? We need to eliminate government over-regulation. Cuts to Head Start, displacing 70,000 children? It’s time those deadbeats stopped suckling from the government teat!

But an inconvenience to Congress and their wealthy contributors caused by travel delays? Now that’s serious!

And, even though the deficit is so massive that Teapublicans believe we must cut programs for the poor, the elderly, and the seriously ill, many seem to think we have plenty of money to go to war with Syria and North Korea. They even want to restore cuts to the military so the military can buy weapons the defense department doesn’t even want. The reason? These weapons are made by contractors in districts the allegedly budget-conscious Teapublicans represent.

When are voters going to finally wake up and realize that Teapublicans in Congress don’t care about your needs…unless, of course, you represent a defense contractor, a multinational corporation, or have thousands of dollars to contribute to their re-election campaigns?

A Warning To Democrats:

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From recent polls showing, among other things, that 13% of Americans believe the president is actually the Antichrist, you may correctly assume that the Republican Party is full of a bunch of crackpots (aka the Tea Party). You may rightly believe that the GOP platform is akin to something coming out of the north end of a southbound bull. You may also believe that Americans will figure this out and hand the next election to Democrats.

On the last point, you are most likely wrong!

You assume that most Americans actually follow the news and politics. (They don’t.) You assume the media will expose Teapublican ideas for what they really are. (They won’t.) You assume that voters will realize the superiority of Democratic ideas. (Unlikely.) And you assume that minorities, most especially Latinos, will recognize that Democrats best represent their interests. (Not necessarily.)

Too many Democrats are content to allow Teapublicans to define the Democratic Party and Democratic principles.

We cannot sit back and expect independents, union members and minorities to turn the country blue. All across the country, the GOP is hard at work trying to rewrite voting laws to ensure control of the House and the Senate in 2014, and the White House in 2016.

Even though the Great Recession was caused by Republican infatuation with deregulation, and even though our slow economic recovery is the result of Teapublican abuse of the filibuster and a refusal to compromise, it’s all too likely that voters will hold the White House accountable.

Democrats need to be working to register voters, working to fight voter suppression, working to fight gerrymandering, and working to fight attempts to change the Electoral College. We need to refine our message to make it clear that Democrats support fiscal responsibility, real job growth and the interests of all working people. Also, it wouldn’t hurt for Democrats to make it abundantly clear that we better adhere to the actual teachings of Christ; to show compassion for the poor and powerless; to resist the temptation of greed; to resist the calls for war.

That’s not a religious message. That’s a philosophy that has been largely abandoned by those who claim to be followers. And it’s a philosophy that is appealing to the largest portion of our population.

Democrats also need to make it clear what GOP stands for – Guardians Of Privilege. The GOP supports ever larger tax cuts for the rich and obscene profits for multinational corporations, along with diminished salaries for working people. These GOPstoppers have shown that they are against civil rights, women’s rights and religious freedom. While decrying big government, they want to enforce their own brand of “values” in the bedroom and every other aspect of our society.

Democrats, we’re at a critical juncture. Even if you reject this message, you must understand that we are now in a perpetual campaign cycle. We can’t afford to wait.

George W. Bush Presidential Library – What It Should Include.

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No, I’m not going to suggest that it consist simply of My Pet Goat, the only book other than the Bible that Bush is known to have read. But if a presidential library is intended to represent the achievements of a presidency, here’s what I believe it should include:

Bush 9/ll Room – The highlight of this display would be the July 6, 2001 Presidential Daily Briefing which was headlined “Bin Laden Determined To Strike In U.S.”

Bush Economic Policy Room – This room would consist of a glass bridge traversing a vast, deep hole representing the Bush administration’s effect on the US economy.

Bush Victory Room – It would contain Bush’s flight suit and the “Mission Accomplished” Banner which announced victory over Iraq more than 7 years before the war ended. The walls would be covered with quotes by administration officials used to sell the war, including the quote by Donald Rumsfeld which predicted that we would be welcomed as liberators and the quote by Paul Wolfowitz saying that the war would pay for itself.

There would also be a tiny empty shelf representing all the WMD found in Iraq.

Bush Patriotism Room – This would actually be a small closet consisting of a single empty file drawer intended for Bush’s missing military records covering the time he was AWOL. The only other item would be a photo of Valerie Plame, the CIA agent willfully exposed by the administration for her husband’s opposition to the Iraq War.

Puppet Master Room – This display would be devoted to Richard “The Dick” Cheney and Karl “Turd Blossom” Rove. In addition to The Dick’s Darth Vader costume, there would be the shotgun he used to shoot his hunting partner in the face and the Plan For A New American Century calling for the use of our military to exert our economic will around the world. There would also be a jar containing The Dick’s original shriveled heart.

Bush Justice Room – This would include a gallery of photos from Abu Ghraib, a map of sites for extraordinary rendition (aka torture), an explanation from “The Dick” explaining that nearly drowning someone repeatedly is not torture, and the 600-page report by the non-partisan Constitution Project which concludes that “it is indisputable that the United States engaged in the practice of torture” and that Bush and Cheney bore ultimate responsibility for it.

At the center of the room would be a replica of the statue of Justice with the cloak that former Attorney General John Ashcroft used to cover her bare breast.

Katrina Room – This room would be interactive. Once you enter, the water would begin to rise as a life-size image of Bush smiles and waves. No matter how much you beg, the library staff would refuse to help.

Tell me this wouldn’t be more accurate than the Bush library being portrayed in the media.

“We Can’t Afford That Anymore.”

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We hear it all the time. There’s no money to improve our schools. There’s no money to rebuild our infrastructure. There’s no money to ensure that our citizens have access to food and medicine. There’s no money to care for the mentally ill and the homeless. There’s no money to give our veterans the care they deserve. There’s no money for pensions and retirement benefits.

The US is broke…at least that’s what Teapublicans want us to believe.

So what happened? How did we go from the richest, most powerful nation on Earth to a nation that can no longer afford the things that our citizens value most? For starters, our economic ills are the result of two costly wars, the unparalleled expansion of government immediately following 9/11, an expansion of Medicare drug benefits and the Great Recession that began as the result of unfettered gambling by the so-called “too big to fail” banks.

But none of those causes have been as devastating as runaway greed, the off-shoring of jobs and money (it’s estimated that wealthy Americans, including Mitt Romney, and US-based multinational corporations have stashed trillions in off-shore tax havens), subsidies for large corporations, and tax cuts intended to benefit the very wealthiest portion of our populace.

Following World War II, when we could afford to build things, our top individual tax rate was 91 percent for those making more than $200,000 per year. The capital gains tax was 25 percent. And the effective corporate tax rate was 50 percent.

Compare those rates with today’s: The top individual tax rate is now 39.6 percent for those making more than $400,000. The capital gains tax is 15 percent. And the effective corporate tax rate is 17 percent (that is, if large corporations pay any taxes at all). In fact, some large multinationals now have a negative tax rate!

See the problem?

For most working Americans, wages have stagnated over the past 40 years, while worker productivity has skyrocketed, along with incomes for the wealthy. Most Americans are working harder and earning proportionately less…if they’re lucky enough to have a job! And the only answer Congress (at least the Teapublican portion of Congress) has for these problems is to cut spending, to protect tax cuts for the wealthy, and to cut taxes for corporations.

Speaker Boehner, Minority Leader McConnell and the rest of the Teapublicans in office want to “starve the beast.” They consider investment and compromise dirty words. And they steadfastly refuse to agree to one more dollar of revenue.

To relate that to family finances as Teapublicans are so fond of doing: It’s as if parents, faced with growing credit card bills, decided to give up food for their children in order to cut their work hours!

Yes, we have to cut government waste and be efficient with our spending. But there isn’t enough fat in discretionary spending to eliminate the deficit and still meet the needs of our growing population. We already have seen that with the sequester cuts, and they’ve only just begun. If we want to reduce our nation’s debt without destroying our fragile economy, we must find new sources of revenue.

Iron Lady With A Tin Heart.

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Since the death of former Prime Minister Margaret Thatcher, conservatives have nearly deified her in the same way they did Ronald Reagan. She’s credited with everything from helping to end the Cold War to single-handedly saving the British economy.

Certainly, she broke the glass ceiling through perserverance and determination. For that she deserves respect. But the rest of her legacy is far less certain.

Thatcher did everything in her considerable power to bust labor unions. She supported apartheid leaders in South Africa, calling Nelson Mandela a “terrorist.”  She refused to negotiate with the Irish Republican Army. She led her nation to war with Argentina in the Falkland Islands in order to defend the last remnant of the British Empire. Her decision to introduce a poll tax caused riots in Scotland, eventually leading to Scotland’s liberation movement. Her supply-side, free market economy suppressed inflation by suppressing salaries for workers. And she maintained cozy relationships with some of the world’s worst dictators.

Now, I understand the media’s hesitation to speak badly of the recently departed, especially of someone who was an ally. But the media does everyone a disservice by glorifying the good accomplished by Thatcher, and ignoring all of the bad.

Putting The Party In Tea Party.

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The Tea Party began as a group of individuals who claimed to be aghast at runaway government spending.  To fight back, they promoted a number of candidates who ran on a platform of fiscal responsibility.

That was 2010.

Just a few years later, those so-called fiscal hawks have decided that federal spending is a good thing…as long as it’s used for a good cause, such as paying large bonuses to their staff and friends.  According to the website, www.LegisStorm.com, Rep. Todd Akin (R-Mo.), who was defeated in his attempt at a Senate seat, used taxpayers’ money to increase his staff’s salaries 98.3% in the final quarter.

Many outgoing Democrats also gave large bonuses to their staffs, but the records show that Republicans were even more generous with taxpayers’ money.  Among the most generous were Tea Party Representatives Chip Cravaack (R-Minn.) and Allen West (R-Fla.), who ranked numbers 3 and 4 in giving pay increases to staff members.

In other words, these so-called deficit hawks are partying with our money as though it were 1999.

Moreover, if you think the Tea Party is any more serious about reducing the deficit than Democrats, compare the Paul Ryan budget, which was passed by the Teapublican-led House, to the People’s Budget proposed by the House Progressive caucus.

Both plans cut about the same amount from the federal budget.  But the Ryan plan does it on the backs of the poor and the middle class while cutting taxes for the rich and increasing the already bloated defense budget. On the other hand, the progressive plan cuts the defense budget, raises revenues by eliminating tax dodges for the rich, secures the future of Social Security and Medicare, and rebuilds our failing infrastructure.  And it does all this while reducing deficits by $5.6 trillion over the next decade according to the non-partisan Economic Policy Institute!

When you look past the Tea Party rhetoric and look carefully at its policies, you quickly discover that the teabaggers are more interested in self-interest, greed and ideology than principles, debt reduction and the future of our nation.

Most U.S. Problems Are The Result Of The 2000 Election.

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In some ways, those who predicted apocalyptic disaster as the result of Y2K were right. No, our computers did not stop working.  No, the millennium did not lead to the end of the world. But we did experience a disaster nonetheless.

Despite winning the majority of the popular vote, Al Gore was denied a recount in Florida and, as a result, the White House. Consider, for a moment, the implications of the Supreme Court’s decision to award George W. Bush the presidency.

That unpopular decision led to almost all of our most intractable problems.

Let’s begin with 9/11.  A Gore administration likely would have continued most of the policies of the Clinton administration, including its attempt to kill Osama bin Laden and destroy al Qaeda with a cruise missile (a strike derided by Bush as “sending a million dollar missile to blow up a camel tent”).  Unlike Bush, President Gore almost certainly would have listened to warnings by counter-terrorism experts of an imminent strike in the US using hijacked airliners.

And without 9/11, we wouldn’t have become mired in the 10-year war in Afghanistan which has cost us trillions of dollars.

Moreover, it’s highly unlikely that a Gore administration would have falsified evidence in order to justify the invasion of Iraq, leading to a second war costing trillions more dollars.

As for our economy, Gore would have continued the Clinton administration’s policies which led to budget surpluses – surpluses that were on track to eliminate the national debt by the end of 2012.  The Bush tax cuts, which added hundreds of billions of dollars to the debt, never would have happened (at least, not until the debt was nearly paid off).

As vice-president, Al Gore led the successful Reinventing Government Program that streamlined the federal government and cut wasteful spending.  He likely would have continued that program as president, continuing to down-size government.

Bush, on the other hand, oversaw the largest increase of the federal government in history!

Finally, Gore almost certainly would have led efforts to stem climate change at a time when smaller changes could have had great and lasting effects.  But thanks to Bush, Richard “The Dick” Cheney and all of their oil buddies, it now may be too late to avoid the predictable devastating effects of runaway carbon emissions.

Remember this the next time you hear Teapublicans complain about the budget deficit, the escalating national debt, and the cost of clean-up efforts following storms made worse by climate change.

Let’s Create A New Tax System!

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The US is a patchwork of federal taxes, state taxes, sales taxes, property taxes, capital gains taxes, gasoline taxes, tobacco taxes, etc. In addition, there are a myriad of tax loopholes allowing billionaires to pay lower tax rates than the secretaries who work for them. Worse yet, some of the world’s largest corporations are able to avoid paying income taxes, despite billions in profits.

If all of that isn’t confusing enough, taxes in some states are higher than in others, leading to competition between states.

For decades, states have spent more time trying to coax companies from other states than helping their own entrepreneurs to create new companies. Low tax states such as Arizona and South Dakota try to lure away businesses (and jobs) from higher tax states like California and Minnesota where the businesses began and grew, likely because of tax incentives and other state-funded investments in those businesses.

This kind of nonsense has to stop!

Businesses are not created by low taxes.  They are created and nurtured in states which value education, innovation, technology, infrastructure, and quality of life.

If states like Arizona and South Dakota want more jobs for their citizens, let them invest in the things necessary to create them. Let’s stop the competition to see which state can cut taxes to the lowest possible rate at the sacrifice of everything else. Let’s level the playing field. Let’s eliminate the multiple layers of taxes. Let’s create a single, federal tax system in which each state charges the same tax based on income and cost of living. (I think we can all agree that a $250,000 salary in Wyoming goes a lot farther than the same salary in New York.) The money would then be parceled out by the federal government based on population and defined need.

This system would end the free ride for low tax states and encourage real development and innovation.

After all, why should Minnesota, Delaware, New York and New Jersey have to contribute far more taxes per person to the government than they get back? And why should states like Alabama, Arizona, Mississippi, New Mexico and Wyoming get more out of the federal government than they pay in? And why should companies be encouraged to uproot their offices, production facilities and personnel just because another state offers a slightly lower tax rate?

Think about it.

The Treason Party.

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Following the fallout of the Watergate break-in, we learned that Richard Nixon was a crook. Thanks to a documentary by the BBC and the Rachel Maddow Show, we now know that he was also a traitor.

The Thursday before the 1968 presidential election, President Johnson announced that the allies had reached a peace agreement with North Vietnam. But since Nixon had run on a platform promising to end the war, he couldn’t afford to have Johnson end the war a few days before the election.

So Nixon used an intermediary to convince the South Vietnamese to back out of the peace agreement!

Recordings of Johnson’s phone conversations reveal that he knew about Nixon’s treachery, but since he learned of it as the result of illegal FBI wiretaps of the South Vietnam ambassador’s phone, LBJ couldn’t make the information public.

The treason helped Nixon win a close election over Hubert H. Humphrey.  It also caused the war to rage on for another 5 years, costing 15,000 more American lives!

Of course, Nixon isn’t the last Republican president to play fast and loose with the Constitution. Reagan created a shadow government to covertly arm Iran in exchange for money to finance the Contras of Nicaragua.  George W. Bush led us into war with Iraq on false pretenses.  And his administration violated international treaties by torturing captives.

More recently, Teapublicans have used every parliamentary trick in the book and a record number of filibusters in order to block President Obama’s appointments and his attempts to improve our economy.

Yet they have the audacity to wave flags and call themselves patriots!!!