Tag Archives: Wall Street

The Tea Party-GOP doesn’t care about YOU

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The Tea Party/GOP thinks you are stupid and want to keep you that way. How else could the Big Corporate world, who back the Tea Party/GOP, convince you to vote against your own best interests? How else could you complain about government run health care before going to a doctor appointment paid for by Medicare? Why else would the TP/GOP candidates complain about deficits yet want to give bail outs and welfare to the Big Corps. The Tea Party/GOP doesn’t care about you.

They hope you don’t remember we had tax cuts from President Bush in 2001 and they didn’t help the economy. Ask yourself – where are those jobs that Bush promised? Over 8 years he only helped create a net of 3 million jobs. President Clinton helped create around 26 million in his 8 years.

They hope you don’t remember that they blocked any attempt to hold the bankers that crashed our economy accountable for their crimes. If the banks hadn’t been allowed to do what they did by the relaxing and non-enforcement of banking policy (changed in the mid-1990s by the GOP), and if the banks hadn’t relaxed their own standards to keep up the housing bubble, we wouldn’t be in this mess.

They want you to forget they got us into an unnecessary war in Iraq based on lies. There were no WMDs and Saddam Hussein had NOTHING to do with 9/11.

That is why the GOP lost in a big way in 2008.

Voting for the TP/GOP or staying home means one wants to continue the failed Republican policies of 2001-2008, messing with programs that help real people like the Health Reform Act and Social Security, and electing someone who wants to deny reproductive rights for women, for a start. Not to mention the other rights and liberties they want to roll back.

Since President Obama took office the TP/GOP voted against the unemployed, health care reform, small businesses, against a bill that would prevent medical expenses to be included in credit scoring, against veterans, and voted against the 9/11 first responders. And they are doing it funded by anonymous and in some cases foreign big business interests.

The TP/GOP doesn’t care about YOU.

Two years is not long enough to fire the Democrats. Bush and the TP/GOP messed up the country over 8 years. We almost slipped into a depression. Although not the best results, the Democrats passed a health care reform package, fiance reform, equal pay rights for women, helping bring the promise of the Internet to the country side, rescuing the auto industry from collapse, and much more even while the cheap labor conservatives in the TP/GOP said “No!”. And they said “No!” about everything coming from the Democrats.

The TP/GOP doesn’t care about YOU. They only care to make the rich richer and middle class extinct. They want to GO BACK to what the world was like before January 20th 2009. They want you to forget what it was REALLY like back then. They want to create a fascist state where the merchant class owns and rules the nation while us regular people SERVE them. The top six laws the TP/GOP think need to go away help a majority of people in this country. Voting for them means you don’t want social security, Medicare, Minimum Wage, and Unemployment Benefits to start.

If that’s what you want, if you want to prove you are stupid, then vote for the Tea Party/GOP or stay home, but don’t complain when you are not better off then you in 2012 then you are today.

My problem with President Obama

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At the end of July, I wrote a post about President Obama’s video address to Netroots Nation – a group of liberal bloggers and Internet users. I complained that Obama and the Democratic leadership in Congress were not using their Congressional majority to pass laws that would actually help regular Americans. They had compromised too much with the GOP. It seems more people in the Netroots are coming around to my feelings.

I wrote:

The pundits have been complaining the President hasn’t been out banging the pots and pans about his agenda being passed and I think I know why. I think they know the bills – like Health Care reform (HCR) and financial reform – don’t mean anything to regular people outside of DC. HCR won’t really take effect until 2013 (one of the compromises that watered the bill down) and the financial reform didn’t punish the bankers that screwed our economy. You would think that any “victory” would have a ticker tape parade with a band and party favors but nope.

It’s as if the administration wasn’t surprised at getting limpy bills passed.

That’s what’s so sad. The Democrats pissed away their power these past two years. They had such great potential.

I am also mad because I have no alternative. I will have to hold my nose and keep these losers in office because the alternative – the GOP – is much worse. And the White House knows it.

Netroots, President Obama, and the Democrats – a sad rocky relationship

Ian Welsh, on Crooks and Liars, wrote an excellent essay that describes my problem with the President better than I did in my July post:

If Obama had wanted a $1.2 trillion stimulus, say, he should have asked for a $1.6 trillion stimulus. Then “moderate” Republicans and Dems could have negotiated him down $400K. This is basic negotiation, which anyone who has ever negotiated in a third world bazaar knows—you start off with an offer far higher (or lower) than what you’re willing to accept, and leave room for the inevitable haggling.

The same is true of health care reform. If you’re negotiating for a public option—if you actually want one, then you don’t throw single payer advocates out. You act as if that’s something you’re seriously considering, you talk about polls showing it has majority support, and you then “compromise” to a public option.

This sort of self-defeating, pre-negotation concession has been a repeated pattern for the Obama administration (assuming that Obama does seek Liberal ends).

Obama has a huge slush fund with hundreds of billions of dollars and all the executive authority he needs to turn things around.

If Obama is not using that money and authority, the bottom line is it’s because he doesn’t want to.

Putting aside the question of what Obama could have accomplished already, if he wants to help everyday Americans, turn around Democratic approval ratings in time for the midterm elections, and leave behind him a legacy of achievement, he can still do it. If he wants to.

What Can Obama Really Do?

It also seems Markos Moulitsas, founder of Daily Kos and one of the founders of the Netroots agrees:

This goes beyond “doing something”, and into the realm of actually doing something to excite the base. The administration has done virtually nothing designed to reward its partisans. Half measures and compromises with Republicans who voted against final legislation certainly doesn’t count. Failing to follow through on promises on everything from comprehensive immigration reform to DADT doesn’t help. Fighting to open up more shoreline to drilling doesn’t help. Lilly Ledbetter was a step forward, then the Stupak Amendment was two steps back.

In fact, from the beginning, this administration and Democratic congress seemed more concerned with “bipartisanship” for the sake of bipartisanship, than they were in passing the best possible legislation possible. Harry Reid came off the gate in 2008 by immediately whining about “60 votes” — something I don’t recall ever hearing from Senate Majority Leader Bill Frist. The Obama Administration indulged Max Baucus’ “negotiations” with Republicans Mike Enzi and company, even as those Republicans publicly bragged that their entire strategy was to delay and obstruct.

People may whine about cable hosts and bloggers who point out these failings, and try to shoot the messenger. But we don’t have a noise machine like Fox’s. Rush Limbaugh reaches a third of the conservative base on a weekly base. There is nothing even remotely close to that on the Left. Limbaugh’s weekly audience is 20 million. Keith Olbermann’s is maybe a tenth of that.

No, this mess is the administration’s making, with a healthy assist from Harry Reid’s Senate. The shame is that Nancy Pelosi’s House, which did its job, will bear the brunt of the voter backlash. But the White House won’t be spared.

The impending November of Doom

I admit I live in a sort of bubble since I read and participate in the Netroots. Someone who isn’t as super-informed like me might have a different view but my fear is since the mainstream media has failed in their job to report the facts, then it might be very bad for the Democrats in November.

I really don’t see a wave of incumbents being thrown out. In fact most of the incumbents who have lost lately were Republicans who didn’t fall into the Tea Party line.

I hope I am wrong and while there are some losses, the Democrats can try to pass their agenda but this time without sniffing the ass of the Republicans. The Democrats pissed away their opportunity to reform all the shit we put up with under President Bush.

The President knows what the issues are, as he said during his speech announcing the end of combat in Iraq:

Throughout our history, America has been willing to bear the burden of promoting liberty and human dignity overseas, understanding its link to our own liberty and security. But we have also understood that our nation’s strength and influence abroad must be firmly anchored in our prosperity at home. And the bedrock of that prosperity must be a growing middle class.

Unfortunately, over the last decade, we have not done what is necessary to shore up the foundation of our own prosperity. We have spent over a trillion dollars at war, often financed by borrowing from overseas. This, in turn, has short-changed investments in our own people, and contributed to record deficits. For too long, we have put off tough decisions on everything from our manufacturing base to our energy policy to education reform. As a result, too many middle class families find themselves working harder for less, while our nation’s long-term competitiveness is put at risk.

And so at this moment, as we wind down the war in Iraq, we must tackle those challenges at home with as much energy, and grit, and sense of common purpose as our men and women in uniform who have served abroad. They have met every test that they faced. Now, it is our turn. Now, it is our responsibility to honor them by coming together, all of us, and working to secure the dream that so many generations have fought for –the dream that a better life awaits anyone who is willing to work for it and reach for it.

Our most urgent task is to restore our economy, and put the millions of Americans who have lost their jobs back to work. To strengthen our middle class, we must give all our children the education they deserve, and all our workers the skills that they need to compete in a global economy. We must jumpstart industries that create jobs, and end our dependence on foreign oil. We must unleash the innovation that allows new products to roll off our assembly lines, and nurture the ideas that spring from our entrepreneurs. This will be difficult. But in the days to come, it must be our central mission as a people, and my central responsibility as President.

President Obama address to the nation 8/31/2010

Speeches are nice but people want to see results – real results. They need jobs, they want the people who screwed the economy to go to jail, they want at least a public option in health care, and they want help to keep their homes.

If the Democrats don’t deliver then they better be ready for if not giving up Congress more obstruction from the GOP and that might hurt them going into the 2012 Presidential elections.

I wonder if the administration is even listening to what is happening outside of DC.

Kasich plays loose with the facts in latest campaign ad

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John Kasich, the cheap labor conservative candidate for Ohio Governor has issued another television ad. Like previous ones, the Kasich campaign plays loose with the facts.

Kasich’s statement that Ohio is “one of the highest taxed states in the country” is debatable and depends on whose measurement is used. Supporting documents with the ad cite the conservative-leaning Tax Foundation, which Strickland and others reject as unreliable. They prefer analyses by the Federation of Tax Administration using U.S. census data that ranks Ohio much better.

A number of business leaders, including from the Ohio Manufacturers Association and the Ohio Economic Development Association, say that Ohio’s business climate has improved and is more competitive with other states since 2005. That’s when legislation was enacted to cut the state income tax by 21 percent (it’s been reduced 16.8 percent so far) and eliminate the state’s tax on business machinery, equipment and inventory.

Ad watch: ‘A New Way,’ from the Kasich campaign

John Kasich for Governor of Ohio Television Ad: “New Way”

Some people might complain that I haven’t looked at any Strickland ads and they would be right because there hasn’t been any yet. Kasich has been running his ads as well as ads from the GOP in heavy rotation here in Columbus especially during the news broadcasts.

John Kasich wants to outsource Ohio development efforts

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John Kasich, a cheap labor conservative and candidate for Ohio Governor, announced on Tuesday his plan to throw 400 state workers out of a job and provide corporate welfare under the guise of “economic development”.

Kasich wants to replace the Ohio Department of Development with a private, nonprofit corporation staffed by people he personally appoints. He also plans to have final approval on any development money handed out. How convenient.

State development department employees whose jobs would be affected would be able to apply for jobs with the new nonprofit, private development entity, Kasich said.

“They would not be public employees,” Kasich said. “We don’t want public employees.”

Kasich said he would be chairman of the JobsOhio board and Taylor probably would be vice chairman, “but we don’t want a government entity. We don’t want the civil service restrictions. We’re going to have to work through all the privacy questions, but we’ll work through that.”

The board, Kasich said, will be empowered to negotiate incentives and other deals with companies “all the way to dotting T’s and cross I’s (but) the final decision will remain inside the governor’s office.”

Funding for JobsOhio would come from the state and private sources, including individuals, businesses, labor organizations and foundations. The Kasich campaign could not immediately estimate how much state funding would flow to the new nonprofit entity or how much would be required to operate it.

Kasich would privatize state development efforts

So basically his cronies will decide who to give money to and there would not be any oversight on how tax payer money is spent. {snark}How could that go wrong?{/snark}

Kasich is under the assumption that Ohio is not pro-business – well his idea of pro-business (which means cheap labor, no taxes, and ample corporate welfare like little to no regulation).

“We have a much better tax system going forward because we no longer have this punishing tax on investments, and inventory, and machinery and equipment,” he said. “We no longer tax corporate profits. Most states tax corporate profits, and so we are much better going forward.”

The commercial activities tax, which replaced those taxes, imposes less than half the burden of its predecessors, State Tax Commissioner Richard Levin said.

“In our region, we have the lowest effective tax rate for businesses,” said State Development Director Lisa Patt-McDaniel.

Ohio’s regional competitors include Michigan, Indiana, Pennsylvania and, to a lesser extent, West Virginia and Kentucky, she said.

Other more formidable competitors are farther away: North Carolina, South Carolina and Georgia. They vie with Ohio because they have more undeveloped land, are in the Sun Belt and a have a cheaper work force image, Patt-McDaniel said.

But Ohio boasts drawing cards, too: a higher-skilled work force with a better work ethic, she said.

Fresh water, plentiful in Ohio and more scarce in the Sun Belt, will become a bigger factor in economic development over the next 50 years, Patt-McDaniel said.

Ohio business tax rates ‘much better’

The reason Ohio is having a struggle now is not only from the 2008 collapse sponsored by cheap labor conservatives like Kasich but also because those same cheap labor conservatives did a number during their 16 years in charge of Ohio. Governors George Voinovich (1991-1998)and Robert Taft (1999-2007) molded the state with plenty of “pro-business” policy. Current Governor Strickland hasn’t had much time to do anything different aside from stopping the final part of a 21% income tax cut from going into effect to try and lessen the pain of an $800 billion dollar budget shortfall.

It isn’t unusual for a cheap labor conservative to have selective memory. Tuesday night President Obama arrived in Columbus for a campaign event for Ted Strickland and of course the Columbus Dispatch had to have a comment from Kasich:

Asked today about the president’s visit, Kasich wasn’t impressed.

“Obama’s a fine man, but his economic policies are flat-out not working,” he said. “I would love to talk with him about the power of free markets and free enterprise and lower taxes on work and lower taxes on investment and risk-taking.”

Obama arrives in Columbus

I wonder if the phrase “squeezing blood from a turnip” means anything to a cheap labor conservative like John Kasich.

*Update*

The Columbus Dispatch had some further comments on Kasich’s “JobsOhio” that I had missed myself when thinking about it. Such a non-profit private entity would be in a very gray area when it comes to public records. I’m sure John Kasich best fantasy is giving tax dollars to his business buddies and no one knowing the details until years later when the law suits finish in the courts and he is back working for Wall Street or in the US Senate (or both).

Advocates of government transparency might have shuddered at John Kasich’s proposal to put the Ohio Department of Development out of business by privatizing its duties and handing them to a government-funded nonprofit.

The plan of the Republican gubernatorial candidate to create an entity known as JobsOhio raises questions about ongoing access to state records and financial information that now are a matter of public record.

A nonprofit organization performing a public purpose with a funding hybrid of tax dollars and private donations is a much tougher and murkier creature to explore when it comes to obtaining records under state law.

Kasich nonprofit plan risk to transparency?