Category Archives: Economy

Ted Strickland Outlines The Stark Differences Between Candidates.

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Michelle Obama and Duval Patrick gave great speeches at the Democratic National Convention. But, so far, nobody has done a better job of contrasting the two presidential candidates than former Ohio Gov. Ted Strickland. In case you missed it, here is the text of his prepared remarks:

I’m Ted Strickland, and I come from Duck Run, Ohio. Let me tell you, folks in Ohio know what happens when you have a president who stands up for average working people.

Ina Sidney is a grandmother who lost her ability to provide for her family when they closed down the auto plant in Perrysburg, Ohio. Ina says thanks to Barack Obama for having the courage to back an industry that others had given up on. She’s an autoworker and a breadwinner once again.

As he celebrated the birth of his newborn baby boy, Brian Slagle lost his job just at the moment he needed it most. But today he’s back making auto batteries in a factory in Springfield Township, Ohio. And he said there’s one reason he has a steady paycheck again: Barack Obama refused to let the American auto industry die.

James Fayson felt like there was no tomorrow when he was laid off. “I believe in working every day,” he said, “and that was taken from me.” Today, James is working sixty hours a week on the Jeep Liberty line in Toledo. He is thrilled to say that his life right now is “eat, sleep and Jeep.” He’s back, he said, because Barack Obama gave us a chance for a comeback.

The auto industry supports one of every eight jobs in Ohio, and it’s alive and growing in America again. Late last year, Chrysler announced they were hiring eleven hundred new autoworkers in Toledo. Just last month, GM announced a plan to invest 200 million dollars in Lordstown, keeping five thousand jobs in Ohio and building the next generation of the Chevy Cruze—a car we are proud to say is made entirely in Ohio.

It’s been a long slog back, and we’ve still got a long way to go. But all over Ohio—all over America—men and women are going back to work with the pride of building something stamped “Made in America.” Before Barack Obama took office, it looked like that pride could have vanished forever, but today, from the staggering depths of the Great Recession, the nation has had 29 straight months of job growth. Workers across my state and across the country are getting back the dignity of a good job and a good salary.

Vince Lombardi was right when he said, “It’s not whether you get knocked down, it’s whether you get back up.” And my friends Ina Sydney, Brian Slagle and James Fayson were all knocked down. But Ina, Brian and James are all standing today. The auto industry is standing today. The middle class is standing today. Ohio is standing today. America is standing strong today.

That’s what happens when you have a president who stands up for average working people. President Barack Obama stood up for us, and now by God we will stand up for him. Quite frankly, Barack Obama knows what it’s like to pay a mortgage and student loans. He knows what it’s like to watch a beloved family member in a medical crisis and worry that treatment is out of reach. Barack Obama knows our struggles. And, my friends, he shares our values.

Now, Mitt Romney, he lives by a different code. To him, American workers are just numbers on a spreadsheet.

To him, all profits are created equal, whether made on our shores or off. That’s why companies Romney invested in were dubbed “outsourcing pioneers.” Our nation was built by pioneers—pioneers who accepted untold risks in pursuit of freedom, not by pioneers seeking offshore profits at the expense of American workers here at home.

Mitt Romney proudly wrote an op-ed entitled, “Let Detroit Go Bankrupt.” If he had had his way, devastation would have cascaded from Michigan to Ohio and across the nation. Mitt Romney never saw the point of building something when he could profit from tearing it down. If Mitt was Santa Claus, he’d fire the reindeer and outsource the elves.

Mitt Romney has so little economic patriotism that even his money needs a passport. It summers on the beaches of the Cayman Islands and winters on the slopes of the Swiss Alps. In Matthew, chapter 6, verse 21, the scriptures teach us that where your treasure is, there will your heart be also. My friends, any man who aspires to be our president should keep both his treasure and his heart in the United States of America. And it’s well past time for Mitt Romney to come clean with the American people.

On what he’s saying about the president’s policy for welfare to work, he’s lying. Simple as that. On his tax returns, he’s hiding. You have to wonder, just what is so embarrassing that he’s gone to such great lengths to bury the truth? Whatever he’s doing to avoid taxes, can it possibly be worse than the Romney-Ryan tax plan that would have sliced Mitt’s total tax rate to less than one percent?

My friends, there is a true choice in this election. Barack Obama is betting on the American worker. Mitt Romney is betting on a Bermuda shell corporation. Barack Obama saved the American auto industry. Mitt Romney saved on his taxes. Barack Obama is an economic patriot. Mitt Romney is an outsourcing pioneer. My friends, the stakes are too high, the differences too stark to sit this one out. Let us stand as one on November 6th and move this country forward by re-electing President Barack Obama.

GOP Convention: Lies, Lies And More Lies.

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That’s not just my opinion.

Surprising as it may be, the media finally seemed to be paying attention and checking facts! Sally Kohn of Fox News summed it up best when she wrote that the convention speech by Teapublican vice presidential nominee Paul Ryan was “an apparent attempt to set the world record for the greatest number of blatant lies and misrepresentations slipped into a single political speech.”

For example, Ryan tried to pin the downgrade of our nation’s credit rating on President Obama, but it actually happened because Teapublicans threatened to not raise the debt ceiling.  Ryan blamed the closure of the GM plant in Janesville, Wisconsin on Obama, but it actually closed under President Bush.  Ryan claimed that Obama said that government deserves credit for the success of private businesses, but that’s not what he said.  Ryan also claimed that Obama cut $716 billion from Medicare, but in reality, that amount is the result of savings from insurance companies and hospitals as the result of the Affordable Care Act.

Not to be outdone by his vice-presidential choice, Romney also lied about the Medicare savings.  He made misleading statements about energy costs.  And his claim that Obama began his presidency with an “apology tour” of the world earned a Pants on Fire rating by Politifact.com.

Of course, Romney and Ryan were not alone in showing a complete disregard for the truth during the convention.  Jeb Bush, Calista Gingrich, Nikki Haley, John Thune, Rob Portman, Rick Santorum, Scott Walker, Michele Bachmann, Artur Davis and others had difficulty with the facts.

Their statements weren’t the result of a difference of opinion, misunderstandings, or spinning the truth.  These were outright falsehoods, half-truths and intentionally misleading statements.  For Teapublicans, lieing is a strategy.

For more, read The Teapublican Book of Lies available at Amazon.com and other on-line bookstores.

America’s Collective Amnesia.

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It seems many Americans have forgotten what happened in 2008.  They can’t remember who was at the wheel when our economy was driven into a ditch.  They can’t remember who led us into an unnecessary and unfunded war.  They’ve blanked out the memory of the second-largest stock market crash in history.  They can no longer picture the deer-in-the-headlights look of the Bush administration when the housing bubble burst.

As a result, many Americans seem to accept the latest assortment of conservative lies.

Despite the fact that President Obama rescued our economy from the abyss, many voters seem to accept Teapublican claims that his policies have failed.  Despite unprecedented obstruction by Teapublicans, voters seem inclined to reward them for their disgusting behavior.

Nevermind that it was decades of “conservative” policies that resulted in the loss of American jobs and growing disparity between the rich and the middle class.  Nevermind that Republicans squandered the surpluses of the Clinton administration in order to give tax breaks to the wealthy.  Nevermind that Romney intends to reinstate many Bush administration policies, voters are considering giving him a chance to repeat the same failures.

(Sure, trickle-down economics and free-market ideologies have repeatedly failed in the past, but maybe they’ll work this time.)

President Obama has not only guided our nation back to solid economic footing.  He has restored America’s reputation throughout the world.  He has earned another four year term.

Indeed, if voters sought the truth, this coming election wouldn’t even be close.  But Teapublican lies seem to have placed the outcome in doubt.  Teapublicans seem to have convinced voters that the path to prosperity isn’t the high road after all.  It’s back through the same ditch they drove us into more than four years ago.

GOP Platform Full Of Hate, Fear And Greed.

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Under the new GOP platform, every fetus will be protected or avenged, and women’s reproductive systems will be controlled by the people who know best…male politicians and churches.

Under the GOP, our borders will be secure.  Those foolhardy enough to cross will be shot or imprisoned.  And Latinos will never be without papers.

Under the GOP, the military will be made more powerful to protect “American interests.”  So our corporations will be free to extract resources and money from anywhere on the planet.

Under the GOP, billions of dollars for Social Security and Medicare will be liberated from the evil government’s control to earn profits for corporations.  The power to decide who lives and dies will be returned to those who know best – large insurance companies and PhRMA.

Under the GOP, the wealthy will pay fewer taxes.  Corporations will pay no taxes.  And the rest of us will have to work harder and longer to make up for it.

Under the GOP, there will be no Environmental Protection Agency and no Endangered Species Act.  Nothing to interfere with the profiteering of Big Oil.

Under the GOP, the “sanctity” of marriage will be protected from “sinners” such as gays and lesbians.

Under the GOP, people of color will have their right to vote protected.  But only if they have proper ID and are willing to stand in long lines.

Under the GOP, the deficit will be reduced at the expense of the poor.  There will be no Medicaid.  No public education.  No food stamps.  No unemployment insurance.  No welfare.  Charity is only for churches, and today’s evangelicals are only interested in your soul and your fetuses.

If elected to control the White House and Congress, the Guardians Of Privilege vow to “Restore America” – to the 18th century.  And if you think I’m exaggerating, you definitely haven’t been paying attention.

Why You Should Hate Teapublicans. Let Me Count The Reasons.

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1 – Richard Nixon’s Watergate break-in intended to literally steal an election. 

2 – The “Southern strategy” in which the GOP embraced racists. 

3 – The “Moral Majority” in which the Party embraced “social” issues. 

4 – Reagan’s union-busting. 

5 – Elimination of loan interest deductions resulting in huge tax increases for the middle class.

6 – Cuts to capital gains taxes and estate taxes on the wealthy. 

7 – Reagan’s Iran-Contra plan which financed Central American death squads.

8 – Deregulation of Savings and Loan institutions resulting in the loss of billions.  

9 – Gun laws putting military-style weapons in the hands of millions. 

10 – $60 million witch hunt and impeachment of President Clinton. 

11 – Massive voter suppression giving the 2000 election to George W. Bush. 

12 – Bush’s failure to act on warnings of a 2001 terrorist attack. 

13 – The Bush tax cuts.

14 – The unnecessary and completely unfunded war in Iraq. 

15 – “Swift-boating” of Vietnam War Hero, Sen. John Kerry. 

16 – Richard “The Dick” Cheney. 

17 – The outsourcing of our military to corporations. 

18 – Awarding government contracts to corporations with offshore “headquarters.” 

19 – Deregulation of banks resulting in mortgage fraud.

20 – The Great Recession.

21 – Subsidies and tax breaks for corporations that send jobs offshore.

22 – Fox News Channel and right-wing hate radio. 

23 – Unsubstantiated claims about President Obama’s birthplace and religion. 

24 – The Tea Party.

25 – Sarah Palin, Michele Bachman, Steve King and Paul Ryan. 

26 – Attacks on women’s rights. 

27 – Attacks on the LGBT community. 

28 – Plans to repeal The Affordable Care Act. 

29 – Assaults on Medicare, Medicaid and Social Security. 

30 – Obstruction of hundreds of President Obama’s appointments. 

31 – Filibusters. 

32 – Buckley v. Valeo resulting in a ruling that money is free speech.

33 – Citizen’s United which gave corporations the same rights as people.  

34 – Voter ID laws intended to steal the coming election.

35 – Attacks on Public Broadcasting, education and the environment.

36 – Blaming the poor and the unemployed for our deficit.

37 – Blaming teachers and first responders for our deficit.

38 – Trying to balance the budget on the backs of the poor.

39 – Vilifying immigrants to get votes.

40 – The debt ceiling debate.

41 – Embrace of Ayn Rand’s self-centered philosophy.

42 – Lies, lies and more lies.

Learn more in The Teapublican Book of Lies available from Amazon.com and other on-line bookstores

“The Betrayal of the American Dream.”

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That’s the title of a new book by Donald L. Bartlett and James B. Steele, which I highly recommend.  If you’d like to learn more, check out this story from NPR.  You’ll also find a link to a podcast of their interview on NPR’s Morning Edition.

These are not exact quotes, but here are a few tidbits I remember from their interview.  If you fired all federal employees, you’d only cut the annual deficit in half.  From a budget standpoint, the US is a military with health benefits.

I believe the book illustrates the true problems facing our nation.  As you’ll see, these problems go well beyond the usual stupifying rhetoric about tax rates and the size of government.

Of course, I also recommend my own book: The Teapublican Book of Lies available at Amazon and other on-line bookstores.

Maybe Democrats Should Let Teapublicans Drive Our Economy Off A Cliff.

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Don’t say it.  I already know what you’re thinking.  Republicans already did that in 2008.  But they’re not satisfied yet.  They want to cut taxes on corporations and the very wealthy.  At the same time, they want to increase our military budget.

To accomplish that without creating an even larger pool of red ink, they have proposed draconian cuts.

Medicare, Medicaid, Social Security, the United States Postal Service, the Department of Education, the Environmental Protection Agency, the Department of Commerce, and the Food and Drug Administration are all on their list of targets.

And, with the national debt approaching the spending ceiling, they want to let the US default on our obligations…a decision that many economists say will cause our credit rating to plummet and likely result in the end of the dollar as the world standard of currency.

Teapublicans continue to ignore the warnings of such actions, and they refuse to listen to reason.  If they take control of the White House and Congress, they threaten to follow through with their ideological (more appropriately, idiotic) plans.

I, for one, am tired of trying to reason with unreasonable people.

Maybe we should let them drive our economy and our nation off the cliff.  It will be painful.  But only when there is massive unemployment and long soup lines will the vast majority of voters finally realize what the GOP (Guardians Of Privilege) actually stand for.

When Did It Become Patriotic To Avoid Paying Income Taxes?

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Mitt Romney has been smart and very lucky.  The son of a famous father, he has used his privileged childhood and education to make millions – often by bankrupting companies and offshoring American jobs.  To make himself even wealthier, he also offshored his money in Switzerland, Bermuda, the Cayman Islands and Luxembourg.

That allowed Romney to pay income taxes at a rate of less than 15 percent in 2010. Now insiders from Bain Capital claim that Romney didn’t pay any income taxes at all for at least 10 years before that!

No wonder he doesn’t want to release those tax forms.

But Teapublicans don’t see anything wrong with such behavior.  Many even claim that it’s patriotic to avoid paying taxes.  Seriously?  That’s your definition of patriotism?

You can ignore the sacrifice of soldiers who have served 5, 6 or more tours of duty in a war zone?  You can ignore those who take less than they deserve to serve soldiers in Veteran’s hospitals?  You can diminish those who work long hours for little money to teach children?  You can ignore those who risk their lives to save others as first responders?

None of that is patriotic according to Romney’s supporters.

According to them, true patriotism is squeezing every possible dime from your tax form.  It’s cutting food stamps for the poor.  It’s turning your back on homeless veterans and homeless children.  It’s allowing thousands to die each year for lack of access to healthcare so you can buy another vacation home or a bigger yacht.

If this is the Republican definition of American patriotism, it’s time for the party to crawl into the deepest recesses of history.

Poll: At Least 17% Of Americans Are Nitwits.

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A new poll conducted by the Pew Forum on Religion and Life has found that 17 percent of Americans believe President Obama is Muslim.  Of course, that’s not true.  The President is Christian.  Indeed, many of the same people who want to believe he’s Muslim were originally outraged at statements made by his Chicago Christian pastor.

But that’s not the extent of the lunacy on the right. 

According to a Public Policy Polling survey in March of this year, 37 percent of Americans believe the President was not born in the U.S.  Yet another 21 percent are unsure. (They must have forgotten Hawaii achieved statehood in 1959.)

However, given the other wrong-headed beliefs of the right, none of this should come as any real surprise. After all, these are people who reject education and science.  Many think the Earth is just 6,000 years old and that dinosaurs are a myth invented to test the faith of Christians.

These are people who fail to see a connection between the easy availability of military-style assault weapons and mass killings.  The same people who think that giving ever-increasing tax breaks to the filthy rich will somehow help their own financial circumstances.  People who think defaulting on US debts will benefit our economy.

Obviously, they cannot be educated and informed.  They refuse to listen to anyone but their own equally deluded brethern.  Yet their vote counts the same as yours and mine.

Do you still believe in America exceptionalism?

What Mitt Believes In.

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It’s ironic that Mitt Romney’s campaign slogan is “Believe in America,” because he obviously doesn’t.

What does he believe in?

In a word, money.  His money.  It doesn’t matter if it’s in dollars, francs, pounds, euros, rmb…whatever.  Mitt believes in possessing it.  Lots of it.  And he doesn’t like giving any of it away for taxes.  That’s why he’s used an assortment of tax havens and accounting tricks to keep his tax rate below that of most working people.

Of course, Mitt doesn’t mind that others have to make up for the taxes he dodges.  Based on his tenure with Bain Capital, he doesn’t mind that their jobs are shipped overseas, either.  Or that their companies are dissolved leaving them without jobs, benefits or pensions.

In fact, he’s already said that he’ll cut other jobs if elected president.  He wants to eliminate or combine numerous federal agencies, including the Department of Education and the Department of Housing and Urban Development.  He also wants to give his wealthy cronies a big tax cut; nevermind that the money to pay for it will come out of the pockets of the poor and middle class.

According to a new Joint Economic Committee study, the Romney-Ryan Budget Plan will increase taxes on those making $50,000-$100,000 by $1,300 per year.  It will cost those making $100,000-$200,000 $2,600 per year.  On the other hand, if you make $500,000-$1 million, you will get a check for $35,000.  And if you make more than $1 million, you’ll get a check for $285,000!

Moreover, it has been estimated that Romney’s proposed policies would create 800,000 jobs…overseas.  His tax cuts for corporations would reduce corporate tax revenue by more than $1 trillion over the next decade.  And, of course, he plans to repeal “Romneycare…er…Obamacare” increasing profits for insurance companies and big PhRMA.

Is it any wonder that Forbes magazine calls the Romney-Ryan Budget “A mistake of historic proportions?”