Category Archives: Economy

Who are we afraid of?

Posted on by

Following the end of the Cold War with the Soviet Union, we have no military foes.  (At least not in a traditional sense.)  The Soviet Union is gone, replaced by Russia and a host of independent states.  China has gone from being a perceived enemy to our out-sourced manufacturing state holding billions in U.S. bonds.  And Germany and Japan have not been allowed to rebuild significant forces since the end of WWII. 

The only perceived threats are the failing state of North Korea, which has a large infantry and a few nuclear-tipped missles that are incapable of reaching our shores, and Iran, which has a smaller infantry and a nuclear bomb in the making.  In addition, there is nuclear-armed Pakistan with a government under seige by fundamentalist Muslims. 

True, it’s possible that our relationship with Russia could deteriorate enough that we might eventually have to worry about its nuclear aresenal.  But that would seem to be unlikely, and we have far superior technology along with our own enormous nuclear arsenal.

So, I repeat, who are we afraid of? 

What could possibly justify our continuing expenditures on military weaponry?  We spend more on our navy than the next 13 nations combined.   And, in total, our military expenditures exceed the next 11 nations combined! 

We could trim tens of billions of dollars from our weapons procurement budget and still be more than adequately prepared for any potential threat.  Indeed, one could argue that we could use that money more effectively to prevent poverty and other conditions that lead to war.  What if there were good schools for poor Muslim children and respectable jobs waiting for them after they graduate.  What if that helped them achieve the self-respect they are looking for?  Would they still consider blowing themselves up in a suicide attack? 

What if we relegated the neo-cons’ misguided “Plan for A New American Century” to the garbage bin of history where it belongs?  What if, instead, we quit trying to dominate the world?  What if we quit using our lone superpower status to support the imperialist designs of our large corporations?  What if we quit using our political clout and collective wealth to exploit the natural resources of less developed nations?

Or what if we used a portion of our enormous military budget to pay down our national debt?  Yeah, I know.  Why on Earth would we want to do that?

© LaMaster Propaganda – All rights reserved.

Can an entire political party be sociopathic?

Posted on by

A sociopath is defined as one who has no conscience; someone who’s every action is intended to help themselves.  Now, I ask you.  Does that not describe the Republican Party and its media whores?

Consider the following: 

Attorney General Eric Holder and the Obama administration want to close Guantanemo and try those imprisoned there.  Republicans go ballistic that these “illegal combatants” don’t deserve to be treated as criminals.  How naive for President Obama to believe in our justice system!

Or how about the “underpants bomber”?  A confused young man from Nigeria decides to stash explosives in his underpants in order to blow up a plane.  The Republican response is to point fingers at the Obama administration for Mirandizing him.  Despite the fact that the Obama administration acted exactly as the Bush administration did in response to Richard Reed, the shoe bomber, Republicans pretended to be outraged that the young man was read his Miranda rights.  Never mind that the “underpants bomber” cooperated with authorities with torture.

Or how about health care reform?  A bill that regulates health insurance companies and pharmaceutical companies and provides health care to 33 million Americans is, according to Republicans, a socialist or communist plot.  The census?  According to Republicans, it’s an Obama plot to round up conservatives and place them in internment camps.  (Of course that’s wrong.  Instead, Obama should use the data to round up Republicans and put them where they belong – in insane asylums.) 

Financial reform?  Despite the fact that Republicans allowed the “free markets” to send our economy into a death spiral while those responsible made millions in bonuses, Republicans would have us believe that reform is a Socialist plot leading to a government takeover of banks.  The worst oil disaster in the history of America (or maybe the world)?  According to Republicans, it was caused by environmental terrorists.  And the government’s response was delayed so the Obama administration can put an end to off-shore drilling. 

A failed terroist bombing of Times Square was, in twisted Republican minds, the result of the Obama administration being soft on terrorists and reaching out to Muslim nations.  Pay no attention to the fact that the suspect was quickly caught and provided information that led to the arrest of at least one Pakistani national without our resorting to torture.

One wonders how Republicans can make these accusations without laughing out loud.  Are they secretly biting their tongues in order to keep a straight face?  Or are they, as I suspect, clinically sociopathic?  You decide.

© LaMaster Propaganda – All rights reserved.

Main Street 57, Wall Street 41.

Posted on by

For two days in a row, a bill for financial reform came up 3 votes short in the Senate. All 41 Republican Senators voted to prevent debate. In other words, they voted to filibuster. Polls show the American public overwhelmingly wants to see financial reform because they understand that it was the high-risk gambling on Wall Street that caused the worst economy since the Great Depression. Yet Republicans voted in unison to block it.

Why?

The answer is simple. Republicans say that they want financial reform, but they don’t want it to interfere with the almighty “free” market. It took them 62 years to undo the Glass-Steagall Act and they don’t want to see a similar bill. They don’t want to limit their wealthy and powerful masters’ ability to make outrageous profits from consumers. They don’t want to allow any form of consumer protection. And they certainly don’t want the voting public to see them taking the side of Wall Street in an open debate.

By keeping the debate behind closed doors, Republicans can make deals with bank lobbyists that will keep the money flowing on Wall Street and, more importantly, keep the money flowing toward Republican candidates.

So, for now, we’re treated to a high stakes game of cat and mouse. Democrats will keep asking for debate on financial reform, and Republicans will keep voting to block it. How long before Main Street reminds Republicans who they’re supposed to be working for?

The Black & White Case Against President Obama

Posted on by

The Tea Party members say their anger has nothing to do with racism.  Well, if their issues are big government, big deficits and corporate bailouts as they suggest, why all the anger now?  Why not aim the fury at the people who created our recession and debt?  Why not direct their fury at Ronald Reagan, George W. Bush and the Republicans who created trillions of dollars of national debt?  Why no anger against George W. Bush for drastically increasing the size of government with his Department of Homeland Security?  Why no fury against George W. Bush for bailing out Wall Street?  Why the belief that President Obama was not born in the U.S.?  Why did no one demand to see Ronald Reagan’s, George H.W. Bush’s and George W. Bush’s birth certificates?  And why were they so willing to look the other way when Richard “The Dick” Cheney was allowed to skirt the Constitutional prohibition on the President and Vice-President being residents of the same state by claiming Wyoming as his residence instead of Texas where he actually lived? 

What has this President done to generate such anger? 

Since taking office, he has brought the nation out of the worst economic times since the Great Depression.  Since taking office, he has actually lowered taxes.  Indeed, taxes have rarely been lower.  Since taking office, President Obama has rebuilt our relationships and stature with all of our allies.  He has rid the world of more nuclear weapons to protect us from terrorism.  He has certainly not tried to ban guns as the Tea Party suggests.  As a matter of fact, he signed a bill permitting guns in National Parks, an act that prompted the Brady Center to Prevent Gun Violence to give Obama an “F” with regard to gun control issues. 

Then why the Tea Party claims that President Obama is un-American, a Socialist, a Communist and a Nazi? 

What is so unique about this President to generate so much anger and hate?  Hmmm, let me think … maybe it has to do with the fact that he is part Irish.  No?  Well, it certainly couldn’t be that he is half African-American.  That would be racist, wouldn’t it?

Small government = Big fraud

Posted on by

In 1980, Ronald Reagan declared that the government is the enemy of business and our citizens.  And led by the “Great Communicator”, Republicans set about down-sizing government by eliminating “red tape” and regulations; an effort that continues to this day.  It’s a tantalizing argument.  After all, who wants their taxes to go toward unnecessary bureaucracy? 

Unfortunately, that argument neglects one very important fact:  For a government or, for that matter, any organization to operate efficiently, it must have some way to enforce its rules.  Without enforcement, the criminals, the unscrupulous and the greedy will prosper at the expense of the law-abiding.  By gutting Government regulation, Republicans have encouraged runaway greed. 

Want a few examples?

The financial collapse of 2008 and current recession were the direct result of gutting the Glass-Steagall Act which created firewalls between financial investment institutions, insurance companies and banks of deposit.  The housing crisis was the result of a lack of oversight with regard to mortgage lending.  The estimated $80 billion in Medicare fraud is made possible by the fact that there are precious few regulators.  The run-up in oil prices in 2007 was the direct result of Republican deregulation of the commodity markets.  And the rampant fraud in military and construction projects in Iraq and Afghanistan was the result of no-bid contracts with little to no oversight.

The list could go on and on. 

Yet despite all evidence to the contrary, conservatives continue to push for more deregulaltion.  Why?  For some conservative legislators, it may be a misguided and misinformed philosophical decision.  However, the cynic in me is more likely to believe that our representatives are paid to push for deregulation by the large corporations which contribute to their campaigns.

What else could explain why the conservatives in Congress continue to fight regulation of our “too big to fail” financial institutions even after their misadventures nearly led to the collapse of the world economy?

The New Definition of Conservative.

Posted on by

Upon listening to Republican economists and some of the speakers at the CPAC convention, I think I better understand their vision for America. In a word, it’s bleak. 

These people not only want to prevent health care reform and reduce national debt. They want to block any further government programs to save or create jobs. They want to allow market forces to “correct” the economy. Of course, they want to eliminate even more regulation, cut taxes and shrink government. Finally, they want to eliminate “entitlement” programs such as Social Security and Medicare.

Imagine what their vision would do for most Americans!

By most estimates, unemployment would rise to more than 15 percent. Of course, there would be no safety nets to help those without jobs or homes. Large corporations would continue to grow by swallowing weaker ones. And since corporations would be unregulated, they would not only influence Congress. They would virtually own it.

Hmmm, I always thought the definition of conservative is to preserve, save and protect. But to these people, it seems to mean quite the opposite.

What now for health care reform?

Posted on by

The election of Scott Brown to the U.S. Senate, in effect, may have ended the existing Democrat-initiated bills for health care reform.  That is not only a disaster for the party.  It’s a disaster for the millions of people without health care, the tens of thousands who will face bankruptcy as the result of illness, and the more than 33,000 Americans who will die this year for lack of access to health care. 

It didn’t have to end this way.  If the Democrats had shown even an ounce of fortitude and political savvy, they could not only have passed health care reform by now.  In all likelihood, they would have retained the Senate seat that they had controlled since the 1950s.

But that’s all water under the proverbial bridge.  The Democratic Party can’t afford to wallow in self-pity and frustrations.  They can’t afford to point fingers at Republicans.  As voters in Massachusetts have shown, Democrats have nobody to blame but themselves.  If the Democratic Party wants to avoid a disaster in this November’s elections, it has to find a spine.  Democratic Representatives and Senators need to have massive injections of testosterone.The way forward is to act as if they’re representing the people who elected them.  Not the special interest groups and lobbyists.  They must do what they promised before they were elected.  And they must collectively confront a belligerent and bellicose Republican Party.   They not only must lead.  They must reveal their opponents for what they really are:  Representatives of big corporations and big money.

In a television interview, Governor Rendell of Pennsylvania pointed a way forward for health care reform.  He said that he would recommend that Congress pass a bill that would impose anti-trust laws on insurance companies and forbid insurers from exempting pre-existing conditions and prevent them from dropping coverage whenever it becomes too expensive.   He said that the insurance industry will, in turn, demand that all Americans be covered.  Congress could then pass a complete reform package one step at a time.  If Republicans threaten to filibuster, he said that he would let them do so.  Republican Senators would be forced to read the phone book and other nonsense for days and demonstrate to the American public how obstructionist they’ve become.

In my opinion, there may be better approaches.  But the intent is correct.  Somewhere Democrats must find what they have obviously been lacking for the past year – a pair of balls.

What kind of country do Republicans envision?

Posted on by

Given the Republican response to President Obama’s initiatives, one has to wonder exactly what the Republican vision for our nation actually is.  To try to determine that, let’s look at recent events.  If Republicans had prevailed on their opposition to the TARP bailouts of Wall Street banks, most economists believe that the entire world economy would have collapsed and we would be in the midst of a 2nd Great Depression.  Republicans argued against bailouts to General Motors and Chrysler which likely would have forced both into bankruptcy putting up to 10 million workers on unemployment.  Republicans fought the stimulus plan which, by even the most conservative estimates, has saved or created up to 2 million jobs.  And they have continued to whine about the growing deficits under Obama while lionizing Reagan for tripling our national debt.

The Republican alternative to Obama’s attempts to save our economy?  Tax cuts for the wealthy despite the fact that most economists believe such cuts would do nothing to alleviate our situation.  In fact, many feel that the tax cuts could make things worse!

Republicans have fought any form of banking regulation.  They have voted to keep the status quo on an unsustainable health care system that results in 33,000 deaths each year for lack of access.  They have voted against increasing benefits for military veterans.  Republicans refuse to allow the federal government to negotiate lower prices for pharmaceuticals as Canada and many other nations have done.  They are opposed to spending money to encourage the development of reasonable alternatives to fossil fuels.  They dismiss the international scientific community’s warnings of global climate change.  They have long stated their disdain for “entitlements” such as Medicare, Medicaid and Social Security.  They are vehemently opposed to labor unions.  They are opposed to social services for the poor, saying that they should be the responsibility of faith-based organizations.  Republican-appointed Supreme Court justices voted to corrupt our election process by permitting corporations (even those based overseas) to spend unlimited amounts of money in support of candidates who favor their positions. 

Under the Bush/Cheney regime, Republicans started two wars with no clear plan on how to win them, and no plan to pay for them.  (Indeed, they intentionally obscured the actual cost of the wars – in terms of dollars and lives.)  And they awarded billions to Halliburton and other corporations through no-bid contracts. 

The Democratic Congress has shown a decided lack of unity and will.  But based on the Republican record, why would anyone want to return the Republican Party to power?  Or their even less-pleasant brethren – the members of the Tea Party?

The Ghosts of George W. Bush and Richard (The Dick) Cheney.

Posted on by

On January 20, 2009, you probably thought the Bush/Cheney administration had come to an ignominious end.  You were wrong.  The problems generated by these goons still haunt us.  The war in Iraq may be winding down (although we can’t be certain), but the war in Afghanistan is growing.  The oil companies and Big Pharma are still holding a gun to our collective heads.  The Wall Street tycoons are still gambling with our money and paying themselves six to eight figure bonuses.  The corporations and utilities are still spewing poisons into our atmosphere.  The gun lobby is still rewriting laws to permit more weaponry.  Health insurance companies are still hauling in record profits while denying care to millions. 

Don’t blame Obama.  These issues all began or at least ballooned under Bush/Cheney and it will take years to change them. 

But these issues are the least of our problems.  Seriously!  The most problematic legacy of the Bush years is a Supreme Court dominated by conservatives who liberally support big corporations while denying rights for individuals.

And now that the Roberts Court has over-reached by over-turning 103 years of established law to allow unlimited funding for candidates by large corporations, what Senators or Congressional representatives will dare to vote against corporate interests when those corporations can spend millions, maybe billions, to defeat them in the next election?  What Gubernatorial or Legislative candidate will be able to raise enough money to compete with a corporate-sponsored foe?  The majority opinion of the Court says it ruled to erase limits on free speech.  The effect will be very much the opposite. 

The next big crisis facing Democrats.

Posted on by

For 30 years, the Grand Old Party of Corporations has fought to end welfare for the poor (although corporate welfare is just dandy), labor unions, workers’ compensation programs, public schools, and entitlements such as Medicare and Social Security.  And recent events have presented Republicans a golden opportunity to permanently undo 80 years of progressive initiatives. 

State income has plummeted as a result of the Republican-created financial collapse.  Now those states controlled by right-wing conservative legislatures are capitalizing on the recession by slashing budgets for public education, health care for at-risk children, and pensions.  And you can bet the wingnuts are going to blame it all on President Obama and the Democratic-controlled Congress. 

In my state of Arizona, a Republican-controlled legislature has slashed millions from an education system that already ranks 49th in the nation.  (Following the Republican philosophy of wresting control away from government, the state offers huge subsidies for private and parochial schools.  Of course, those subsidies are unaffected by budget cuts.)  The legislature is also closing state parks even though they are a necessary part of the state’s 2nd largest industry – tourism.  The legislature is even considering selling all state-owned buildings and leasing them back as part of long-term agreements which will pay the purchasers billions of taxpayer dollars.  But, according to Republicans, they’re only doing what Democrats won’t – balance the budget. 

Never mind that, for years, Republicans have cut taxes for the wealthy.  Never mind that the legislature refused to allow the Republican governor to place a temporary sales tax increase on the ballot.  It’s a perfect political climate for Republicans to orchestrate this charade. 

I hope voters are informed enough to make Republicans pay for it by voting for progressive candidates.  But since many rely on the Faux News Channel for information, they’re more likely to make matters worse by voting for the Tea Party, instead.