The Republican Corporate Media

The Republican Corporate Media
by
Dave Speck

I recently took a road trip across the country and listened to as much AM talk radio as my stereo could pick up and here’s what I found. You can go from the east coast to the west coast and pick up vile Republican talk radio in every city along the way but can only hear Liberal talk radio in about five percent of the cities.

Considering that Conservative Talk Radio lost money hand over fist for the fist decade, and many of the most vile broadcasters are still losing money hand over fist, and considering that Liberal talk radio is very profitable where it’s broadcast, it makes me wonder why.

Obviously it’s the damned Liberal Media out to get, us by looking like it’s not really the Liberal Media that’s the problem.

Funny how the “really intelligent Republicans” still believe the “Liberal Media” lie. It doesn’t take much to be a Republican. Just like believing the rest of the Republican lies like Global Warming Denial, WMDs found in Irak, and the rest of the “Intelligent Republican” memes.

So, America, we all know what’s wrong. Now, how do we fix it? I’m not much on censoring the stupidity, but there has to be some sort of reason on our public air waves or the really stupid will continue to be stupeed and vote stupid and before we know it, we’ll have another 8 years of another Bush.

Write your newspaper and complain when you see stupid biases and write your TV when you see stupid, and write your representatives and say you want our media fixed RIGHT NOW!

Stay Involved

Stay Involved
by
Dave Speck

You can’t help but be impressed, watching the news, today, to see that the adults are back in charge.

Obama goes to Canada and gets cheered and applauded and appreciated, where Bush was protested.

Clinton goes to Asia and America is, again, revered and respected. No more Bush protests there, either.

Yes, America, the Republican politicians poisoning our country have stepped aside, begrudgingly, and let the adults take control.

Does it feel good?

Congratulations, America.

Now you want to see some meaningful changes in our country? Then stay involved. Write your representatives about everything that matters, write to your local newspapers and TV stations. Stay involved. And, remember to contribute, no matter how small, to organizations that make a different. May I suggest MoveOn? Freedom From Religion Foundation? People for the American Way?

Stay Involved.

What Part Taxes Play in the Recovery

What Part Taxes Play in the Recovery
by
David Schlecht

Let me preface this with a challenge. I’ve voted for my share of Republican candidates so don’t mistake this challenge as a partisan rant. A friend of mine recently asked me to tell him a single piece of legislation that the Republican Party has introduced and passed in Congress, that help the average voter. I was woefully unable to come up with even a single one. I must defer to our trusty readers for your expertise. Can you name a single piece of legislation benefiting the average American submitted and passed by the Republicans?

Now to our topic. What role will taxes play in the recovery process and what role should they play? Now that the foolhearty Conservative Economic joke has exploded in our faces, it’s time for us all to realize what went wrong so we can fix it and ensure it never happens again, at least not until the next Republican Great Depression.

Before JFK, the financial elitists were charged a 90% tax on anything over 3 million dollars. Over time, slimeballs in Congress passed bill after bill that allowed their rich buddies to get around the taxes. After enough time, the 90% was more like 70% actually getting paid. When JFK closed the loopholes (well, it wasn’t really JFK as he was assassinated before he could sign the law) he explained to the American people that this was actually a tax increase on the swine (my words, not his) bribing our representatives and the tax cut from 90% to 74% actually increased tax revenues.

Then comes along the next Republican president to attack the American economy, Reagan. He dropped the top marginal tax rate on those sickeningly rich scumbags trying to corrupt our government from 74% to 35%, while the Republicans in Congress were poking more and more loopholes in the laws JFK closed up. This had the short-term effect of making the economy look good but within a year we had Reagan’s first recession. And just a few years later, we had the second Reagan recession, the Savings and Loans disaster.

You may be wondering why taxes have anything to do with the economy and recessions. If you are, read the earlier posts describing how these interact. In short, taking spending money away from the government takes income away from government workers and the needy and thereby takes it out of the economy. Giving more money to the uber-rich puts more money in risky speculation. What follows are bubbles and crashes. On top of that, the Republicans were busy destroying the rules put in place to get us out of the past Republican Great Depression. The S&Ls were free to speculate and with billions in slush money from the Republican sponsors, the industry self-destructed.

Along comes Bush, Clinton, and Bush. I cringe at grouping Clinton in with the Party of the Uber-Rich, but he followed the same stupid ideals, reducing the size of government further, reducing the services to the needy, and removing safeguards on the risky investments. All this made us ripe for the next Republican Great Depression. By now, Bush Junior had reduced the average tax on the wealthy corporations to less than 7%, while the middle class workers (the actual financial engine) were paying as much as 35% and paying Alternative Minimum Tax on top of that.

The families of the 50s and 60s had almost 50% of their budgets available for discretionary spending, with a single bread winner. Today, the middle class family spends less than 25% on discretionary spending. The middle class pays more for taxes, more for health care, more for housing, and now needs two cars because both parents must work.

It’s simple. With less spendable money in the hands of the middle class, less money goes into the economy. The next step is to start relying on credit. The middle class went into hawk, up to their eyeballs. Rake up the credit cards, rake up the mortgage, charge your groceries when you can’t make ends meet.

Eventually, the middle class can no longer live off credit and spending grinds to a halt. That’s were we are today. All because of taxes and relaxed regulations.

Armed with this knowledge, how do we devise a solution to this mess? Obviously going back to the 90% tax rate for anything over 3 million dollars is a good start. Those who benefit the most from our country should pay the most back into it. Those who own Wall Marts and make billions of dollars while their workers go hungry must repay those stolen dollars back to society. It’s easy and it’s fair.

But, leveling the playing field by taxing the rich isn’t enough in iteself. Higher taxes on the rich will automatically translate to more money for the workers, barring the Republican generated loopholes. But this is still the trickle-down approach and the Conservatives have proven to us that this approach doesn’t work. The higher taxes on the sickeningly rich must be ballanced with a higher average wage for the workers, yes the engine of the economy. Our minimum wage must be increased to above the poverty level. A good start is $30,000 per year. A rising tide lifts all boats and this will translate to better compensation for all workers and will mean a stronger economic engine.

Sure, the billionaires will still make more money than a normal person can spend, but they will just have to deal with it.

I can almost hear the Conservatives groaning in disbelief. “What? You mean tax the rich? It’ll kill any incentive to make money!”

What are they thinking? Let me ask you. Would you be happy to invent something to make $3,000,000.00? This would actually increase innovation because there would be more people able to be innovators rather then working two and three jobs at below poverty wages.

So, how do we get there from here? We can’t just change the tax laws overnight. And, we can’t continue to borrow the money to pay for this recovery. We need to pay as we go. We need to implement a change as quickly as possible. This means a two-pronged approach. The first approach is the re-implement the Paris Hilton tax. There’s no reason for any estate to carry billions of dollars from one generation to the next to the next while others starve. The income from insurance policies and from inheritance should be taxed at the same rates as any other income. Anything over three million dollars get taxed at 90%.¬† Just by turning back on the estate taxes, we will have enough tax money to pay this recovery package as we go. During the coming 5 years we can gradually re-implement the 90% tax on anything over three million dollars.

One more big shot in the arm is to open up Medicare to all Americans. If we can buy better insurance through Medicare than we can get by paying billions of dollars to the CEO’s of the big insurance companies, the businesses will have more money to pay for wages and other benefits, or they can pay for the 90% tax if they prefer.

Derivatives and the Coming Bust

Derivatives and the Coming Bust
by
David Schlecht

There is a serious and gravely overlooked disaster staring us in the face, one that is part of the current financial crisis but has the potential to completely destroy America’s and the world’s economy, for good. This disaster is the Derivatives Market.

The Republican Congress of the 90s (with the help of Clinton) destroyed the safeguards that prevent our banks from becoming casinos and betting on anything and everything. Today, many of our financial institutions own lots and lots of derivatives that they will soon find to be worthless.

What are derivatives? In simple terms, they’re bets, multi-billion-dollar-bets. Remember how the banks bundled up the risky mortgages, into securities, thereby masking the true risk of the investment. Derivatives as when investors bet that a particular stock or security or commodity would go up or go down. These derivatives were “derived” from the value of the original investment. Then, the next “master of the universe” would bundle these derivatives again, adding more bets. As you can see, $100 worth of investment can be resold endless times by bundling and by creating derivatives.

If this sounds like a Ponzi scheme to you, you’re right on the money. It’s a scam, but it’s bundled so the investors don’t really know what they’re getting.

You may be wondering how pervasive the derivatives market really is. If you guess it must be pretty darned big in order to be bigger than our existing crisis. then you’d be right. The total investment in all the derivatives is more than 100 times greater than all the Gross Domestic Product on the entire planet. When they go down in flames, there won’t be enough money in the world to bail them out.

Until we see how other countries deal with this, it’s impossible to say just how bad things will get. Common sense, however, indicates that this could be the event that causes the entire world to re-invent our financial systems. It could be that the only way we can survive this coming crash is to let all the investors that bought the bad derivatives jump out of their windows and start up the investment systems from scratch.

This could be a good change in the long run but it is not a good time to be getting this news and it will be many years of bad times, fighting with the Always-Been-Wrong Republican Party’s obstruction getting this fixed.

More of the Same

More of the Same
by
David Schlecht

The Republicans in Congress marched in Nazi-like lock-step against any form of reform to get us out of the mess that their past 30 years of failed policies have caused.All they can do is keep chanting the same slogans that we Americans mistakenly fell for in the past, hoping that we’ll all be too stupid to realize it. You should be asking yourself why a political party would elect to continue failed policies that have us in the brink of the next Great Depression, in lock step, rather than considering trying something new.

There’s not a single Republican representative that doesn’t know that continued “feed the rich” policies will decimate the American economy and destroy the vast middle class. Since they know it will make the rich richer while destroying American middle class, they obviously want to destroy the middle class. This couldn’t be any plainer than what we see today.Yes, we’re on the brink of total melt down and they want more. They’re not worried about what it will do to our society. In fact, they hope it destroys the America we have grown to know and love in favor of a new America run by the Oil Industries, and the poisonous Peanut butter companies.

On top of that, they know that if we get through a jobs package that saves our economy they will be revealed for what they really are, bankrupt. However if they can obstruct any sort of economic relief by poisoning the bills with their failed tax cuts for the oil companies, then when they fail, the Republicans can say, see, Jobs Programs don’t work, and lets go back to destroying the middle class.

Again, we have to ask, what kind of political party would do such a thing? Only the Republican Party!

100 to 1

100 to 1
by
Dave Speck

That’s the number of zombie Republican sheep that are calling your representatives objecting to the stimulus package. The democrats won a huge landslide¬† in the last election but your representatives think you (YOU) don’t want a stimulus package because all they get are calls complaining about it.

We can’t let this happen! Call your representatives right now. If it’s too late at night, call anyway and leave a message. Then, call back tomorrow during the day. Let them know the 100 ignorant callers aren’t really representing the majority of the country. Call right now!

2 to 1:
That’s the number of Republicans interviewed over the stimulus package compared to the number of Democrats. Now, why do you think that is? It’s because of the “Liberal Media” obviously.

With only half as many Democrats talking on the TV and radio about this, no wonder the general population is losing confidence. Call or write your TV stations and newspapers and tell them to get more of a balanced crew.

How can the general public get enough honest information to make informed decisions when the media is owned by Conservatives? We need to object.

They Say NO TIME FOR HEALTH CARE

They Say NO TIME FOR HEALTH CARE
by
Dave Speck

Plenty of our politicians are complaining that they don’t have time to worry about our health care. Nonsense, I say! There is no better time to deal with health care.

I’m suspicious that the democrats who are opposed to dealing with health care right now are opposed to dealing with health care, period. It’s time for them to get out of the way. Resign or shut up. Lead, follow, or get out of the way.

First off, instituting a single-payer health care system in America would be the single most beneficial effect on the economy, bar none, and here is why. Health care insurance premiums range between $400 per month for singles and over $1,000 per month for families. This cost is generally shared between the workers and the employer. For self-employed this amount is usually even higher. And, worst of all, when you need to rely on the coverage, the insurance company finds some reason to terminate your policy.

On top of that expense, we are paying $500 to $1,5000 per year for deductibles and co-pays for every visit.

If we had a single-payer health care system, right now, today, this money would go directly back into the economy. Nowhere else would we see this kind of return on our tax dollar investment. Nowhere! Period!

And, it doesn’t take a rocket scientist to realize this. So, why are our representatives giving us lip service? I think it’s because they have no intention of delivering health care. The corrupt health care industry is burrowed too deep into our government for our representatives to just give it up.

That’s why we have to call and write our representatives and our newspapers and let them know that there is no better time than now to implement single-payer health care.

Now, at this point in time when the majority of Americans are sitting up and taking notice, it’s time to get these things pushed through, before we all go back to sleep. But our politicians are betting that they can stall it off long enough. Let’s show them that they can’t stall us. Call and write, today. Tell them America wants single-payer health care today.