Category Archives: Economy

31 To 5.

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Teapublicans continue to demand accountability for the deaths of Ambassador J. Christopher Stevens and three others in Benghazi. They might begin with some simple addition and subtraction.

For example, under President George W. Bush, the US State Department suffered the following attacks:

  • 2002 Karachi, Pakistan Embassy – 10 dead
  • 2004 Tashkent, Uzbekistan Embassy – 2 dead
  • 2004 Jidda, Saudi Arabia Consulate – 8 dead
  • 2006 Damascus, Syria Embassy – 1 dead
  • 2007 Athens, Greece
  • 2008 Belgrade, Serbia Embassy
  • 2008 Sana, Yemen Embassy – 10 dead

That adds up to a total of 31 who died at embassies on Bush’s watch.

During the Obama administration, the US State Department has thus far suffered the following attacks:

  • 2012 Benghazi, Libya Embassy – 4 dead
  • 2013 Ankra, Turkey Embassy – 1 dead

That adds up to a total of 5 who have died on Obama’s watch.

Now for the subtraction. Since 2010, the Teapublican-controlled House cut the State Department’s budget for embassy security by $296 million. Okay, Rep. Issa, investigate that!

You simply can’t be “outraged” by the events in Benghazi, if you weren’t equally outraged by the many events that preceded it. And you can’t blame the State Department for failed security if you don’t fully fund its requests.

A Role Model For The US Senate.

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If US senators are wondering what they can do to endear themselves to their constituents, they should look to their new colleague, Sen. Elizabeth Warren from Massachusetts. In her short tenure, Warren has already shown a willingness to tell truth to power. She has also shown she has the guts to stand up for those who are not represented by lobbyists and special interests.

In other words, unlike most other senators, she is actually doing the job she was elected to do. What a concept!

To see what a senator should look like and sound like, check out this link from Upworthy.com. This wasn’t a one-time event. She wasn’t grandstanding. She wasn’t seeking approval or looking for votes. She wasn’t engaging in blind partisanship. She was simply representing the American people…all Americans.

More recently, Warren has written a bill that would give college students the right to borrow money at the same rate the too-big-to-fail banks enjoy. Imagine that…government money being loaned to ordinary people in order that they might improve themselves and our country. Students would not only be required to pay the money back, as they become successful, they would increase government revenue by contributing more in income taxes.

It’s the ultimate win-win.

Let’s hope other politicians eventually follow Warren’s lead by focusing on the needs of their constituents. If they don’t, we need to elect different politicians.

The Austerity Fraud.

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For more than 30 years, conservatives have pushed for smaller government. Their battle cry is to “Starve the Beast,” the beast being our federal government. They have demanded more and more tax cuts, especially for the wealthy, and they finally got them under President George W. Bush. Yet, when the tax cuts led to large deficits, Richard “The Dick” Cheney and other conservatives famously stated that “deficits don’t matter.”

Of course, when President Obama took office, their attitude suddenly changed.

Despite having driven our economy off a cliff, conservatives demanded that the new administration cut spending in order to bring the deficit and debt under control. To prove their point that these were the biggest challenges facing our nation (bigger than rampant unemployment, the housing crisis, losses by pension funds and the depressed stock markets), conservatives cited a Harvard University study by Reinhart and Rogoff which stated that economies suffer whenever a nation’s debt surpasses 90 percent of GDP.

This study was cited over and over by conservative politicians and conservative media.

Unfortunately for conservatives, it was recently debunked by a graduate student who found numerous statistical and computational inaccuracies which completely altered the study’s conclusions. Turns out, there were numerous exceptions to the Reinhart-Rogoff rule.

As for the effects of austerity measures, one need only look to Europe to see what happens when concern over deficits and debt trump job creation. Following strict austerity measures in both Greece and Spain, unemployment among young people now exceeds 60 and 50 percent, respectively. Both countries are facing major upheaval as the unemployed have taken to the streets to riot. In England, France and Italy, the effects of austerity have been less dramatic. Nevertheless, austerity has pushed their economies back into recession.

Had President Obama followed the advice of conservatives, we, too, could be struggling through another deep recession. Despite conservative claims to the contrary, the economic stimulus worked. For the past 3 years, we have not only recovered the jobs lost as the result of the Bush recession. We have added 1.5 additional jobs, and we would have added many more if not for layoffs in the public sector forced by Republican-controlled state houses.

We might well be back on the road to full recovery had the Teapublicans not taken  control of the House in 2011.

Virtually every economist has stated that the budget restraints imposed by our Teapublican Congress have hampered our economic recovery. Indeed, a recent article in The New York Times states that deficit reduction has already cost our economy at least 2 percent growth and 1 percent employment. And the budget cuts forced by sequestration have yet to fully take hold!

But don’t look for conservatives to give up on austerity any time soon. Despite our fragile recovery, they’re still demanding severe cuts to federal programs. They have proposed cuts to “entitlements” such as Social Security, Medicare and Medicaid. They want to eliminate or severely reduce unemployment insurance, SNAP (food stamps), Pell grants, Fannie Mae and Freddie Mac. They even want to cut or eliminate the United States Postal Service!

During the last election, Teapublican candidates said they would target entire departments for elimination, including the Environmental Protection Agency, the Education Department, the Commerce Department and the Bureau of Alcohol Tobacco Firearms and Explosives. Some want to get rid of the Federal Reserve and return to the gold standard.

Given a limited (and false) understanding of history and our Constitution, today’s conservatives believe that the only constitutionally-allowed functions of the federal government are defense, homeland security, border security and highway construction. For everything else, you’re on your own.

It’s easy to see what these policies would do to our nation. Just look at Somalia.

A Message To Tea Party “Patriots.”

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There’s simply no nice way of saying it. You are a bunch of self-serving, gun-toting, conspiracy promoting, anti-intellectual, anti-education, anti-evidence, anti-American nitwits.

You call yourselves Tea Party Patriots, but you’re neither patriotic nor even a party. You are the lunatic fringe. You wrap yourselves in the flag and spout quotes from a select few of our Founding Fathers all the while undermining the very principles they stood for. You say you’re strict Constitutionalists, but it’s apparent that the only part of the Constitution you’ve read is the Second Amendment (and you can only quote half of that). The other principles you attribute to the Founders are actually from the Articles of Confederation, the document our Constitution replaced.

You didn’t have the guts to stand on your own, so you decided to backdoor the Republican Party. Your angry rhetoric and Koch brothers’ millions managed to drive most moderate Republicans from office. As a result, you and your wealthy supporters have destroyed the party of Lincoln.

Now you’re trying to destroy our nation.

Your economic theories not only defy economics, they defy logic. They’re hurtful to children, the elderly, the poor, even veterans. You claim to be worried about the national debt, yet you sat idly by while the previous administration ran up enormous deficits through two ill-conceived wars and the collapse of our economy. Then you blamed President Obama for our economic ills. You watched as President Bush expanded the size of government by creating the government’s second-largest agency, the Department of Homeland Security, then screamed about the growth of government when the new administration took office.

You ignored the bailout of “too big to fail” banks, which saved the jobs of Wall Street millionaires and the assets of billionaires. But you howled in disgust when President Obama loaned money to US automakers, saving tens of thousands of jobs for middle class workers. You whined that you are “Taxed Enough Already” and blamed President Obama for raising taxes, even though tax rates were at a 60-year low.

You claim that you’re not racists, yet every single one of your rallies includes blatantly racist depictions of our democratically-elected president. You call him a Muslim, a socialist, a communist, a fascist and worse. You compare him to Hitler. You have even called him the leader of al Qaeda.

When you’ve failed to win elections, you’ve tried to change the rules. You have tried to suppress the votes of minorities and your political opponents. You have tried to deny women the right of equal pay for equal work. You have tried to deny women the right to control their own bodies. You have held our economy hostage in order to get your way. You have undermined democracy through use of the filibuster and gerrymandering. As a result, our nation now suffers from tyranny by the minority.

Thanks to your tactics, Congress has been turned into a venomous body devoid of compromise. Thanks to your representatives, the approval rating of our duly-elected Congress is lower than that of cockroaches. Thanks to your policies, the very wealthy have become wealthier while the rest of our citizens have suffered. Thanks to you, our nation is on the verge of becoming a plutocracy.

All of that is bad enough. But your real “triumph” is that you have made millions of Americans fearful of their government and of each other. Thanks to you, according to a new poll, 44 percent of Teapublicans now believe that an armed revolution against our government may be necessary…our own democratically-elected government!

Your entire movement is based on lies and meanness.

That said, it’s difficult to determine who is most at fault…you…or those who tolerate you, especially the media that give you undeserved credibility. One thing is certain…your movement would be more accurately called the Tea Not-Really-A-Party Traitors.

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.