Posts Tagged ‘big banks’

The Love Chronicles; Crymea or cry me a river.

Posted: April 1, 2014 in News and politics
Tags: , , , , ,
1

So Crimea, or cry me a river?

So, we supported the forceful overthrow of a democratically elected government because they were not kissing our ass properly. We are condemning a 98% vote by a people because it does not promote our agenda. Lets see, voting good, a democratic thing to do right. Well I guess not! We are spending a billion dollars, not to help out beleaguered citizens, but to make sure the bankers get theirs and control of the area reverts to the IMF. I thought bailouts were something we said, as a people, were bad. Does not look like our politicians give a damn about what we think!

Hell, I am not sure who is in the right here. Needs more study before I could make that determination. I do know that Crimea is full of ethnic Russians, and that it was part of what is now Russia long before even the Soviet Union came around. If you look at it’s history it had at some time been held by just about every major ethic group on the planet, starting with the Greeks in fifth century BC. So what I think I know is, what the hell business is of ours? It is in their backyard, it poses no threat, has no strategic significance, and the people seem to want Russian control, so there is no human rights issue. Should Russians be allowed to engage in border changes? Well jeez, what about Serbia and elsewhere in the world where we thought it was ok for us to the same. Just asking.

I guess my biggest bitch here is the billion dollars and the billions that will inevitably follow. If we have the ability to come up with this money, don’t we have some financial woes here at home? Doesn’t the fed have an obligation to repay the bonds it took out against the Social Security Fund as just one example of many? Most of you would argue to pay down the debt and I have no problem there either. Instead it is bailing out world banks and financing an IMF takeover of a region with your and my tax dollars. I don’t want to rekindle a cold war. I don’t want to rattle sabers or try to prove I swing the bigger stick! Ok, I know that there are other opinions out there, and I could be totally wrong. If I am, there is a comment section to this blog, use it. Or email if that is how you got it; I am never going to object to being educated.

 

 

 

 

The Love Chronicles, What I have been Saying

Posted: November 17, 2013 in News and politics
Tags: , , , , , , ,
3
  • Rambling

   I really do put a lot of work into trying to put a factual face on what is going on. I even have two books on economics, one from each of the two different ideologies of how an economy should work. Totally confusing, by the way. One of Jim Mahon’s degrees gives him insight into this area and he got me the books. I do have the text of HR 3590, the Affordable Care Act on my desktop; refer to it all the time. I read and study different areas, and have for some time now, so I can try and understand from an informed place. There is a lot of myth out there that has been planted by, well big business. I was just talking to a good friend who accused me of always bashing big business. She stated as long as big business was making money she does ok. So as she said, big business needs to be healthy, but the middle class also needs to be healthy, and a dime or two in the pocketbook, is what makes big business healthy. Henry Ford created the middle class. He did this by paying his factory workers three times more than anyone else. By doing so he made his workers able to afford his cars.  At first he was called a traitor by big business, but then they saw that if there was a huge population that could afford to spend on items other than the basics, they made more money, way more than the cost of the wage increase. They also saw Henry getting very rich, so that helped. We have gotten away from this, and we are now driven by the quick profit. Companies are only dedicated to their shareholders, not their customers. We do this with minimum wage jobs, shipping jobs overseas where taxes and wages are less demanding, and the middle class is slipping away. Now this only works if unions are disabled so they cannot collectively bargain for wages, and if profits are made by using third world labor and positioning a company so as not to pay a lot of U.S. taxes. So companies have big profits, but you and me, not so much, and the federal, and yes, state governments go into debt because the revenue from big business just is not there anymore. So they feed you this bullshit about socialism and entitlements and how you and I need to tighten our belts and leave them the hell alone.  Now it used to be that as long as big business thrived you and I did ok, but the jobs the companies created were here in the U.S. being done by you and me. And even if your job was not union, a company had to compete for the best workers so had to pay a man or women well above minimum wage to attract that person. But today that is not the norm. Also, thanks to Wall Street and big banks playing with our money and lying to us about it for profit, there is a huge workforce out there desperate for any job, so again, you work two jobs if you can get it, because one puts food and maybe pays some utilities, the other puts a roof over your head, if your lucky. For those of us trying to secure the higher paying jobs, big banks are charging so much for student loans that people with degrees and an education are at risk when they retire because they are still saddled with a huge debt they still have not paid off, so must work up until the day they expire. I have found a huge portion of our mid level executives who say they will be in this fix at retirement age.  In order to afford an education at a good college, they are saddled with immense debt. Student loans are charged out at exorbitant rates, with very little oversight. So yes, they have better paying jobs, but they have less freedom than you might think. And yes I think big business has bought politics, and you and I are not represented. It is not a government by the people anymore, and it does not matter what party you are in.

I have also been allowed to read several so called less expensive insurance policies, if it was less money it was a whole lot of “less” coverage. Actually they all cut you off with severe limits if you had anything other than a small accident, and that accident had better not be too severe. Your friends, if you actually read their policies, will have severe limitations. They will have caps on hospital stays, money, testing, and what operations you are allowed to have. So basically if you stay healthy, they will be glad to help pay for a few Doc visits and take your money, since they are making a profit off of you.  But if you get sick, you get dumped faster than a rattlesnake in a baby carriage. So minimums were set for care, and maximum profits based on how much we pay the company as a collective whole under the Affordable Care Act.  So the health care industry started pouring billions into the rumor mill and the political machines to defeat the very idea.

So my dilemma is that Obamacare is too unwieldy and has some severe drawbacks, but the premise of Obamacare is not such a bad idea. And the socialism thing, big business starts banging that drum whenever anyone tries to exercise any control over their actions, no matter how outrageous they get. Wall street and the current banking systems are prime examples. They have finagled their way into being able to use our money, which means your savings, retirement accounts, even your checking, and gamble with it on Wall Street. That is why banks can fail, and this used to be illegal and for good reason. I could go on and on.In closing, Capitalism is great, but for you and me, a healthy middle class is needed. And I am sorry, the way to do that is exactly how we did it in the past, and yes it was called socialism then also. Look, big business is making more profit now than anytime in history, so if they cry, it is just more of that same bullshit I mentioned before. If you want to see how it works today, go to Detroit and drive around for a couple of hours. If you survive, you will see what todays agenda gets you. Look, I am not oblivious to the fact that we need to pay down the deficit and the debt. It has to be done. But you get our businesses paying taxes here in the U.S., wages being paid here, which also increases the tax base, and enough so we can spend on “stuff”, and that in combination with closing loopholes and austerity is the way to go. Austerity alone simply punishes those of us who are already strapped. Don’t get me started on Social Security. That is the only system, when left alone that pays for itself and adds nothing to the debt. It would have also stayed equal to the task if politicians had not stripped trillions out of it, and then when it came time to pay the piper they want the very people they stole it from to pay it back. So how is that fair or an entitlement, and how is it socialism to tell them to go suck on a rock! Most of you will know this, but your employer also matched your contribution to the Social Security fund. When they figure out how much you contributed that amount is ignored.

Oh, and bye the way, if China loves it, it stinks for you and me, guaranteed! Not sure if that statement fits the conversation, but true nonetheless, and made me feel good. 

Now usually I know whom I am going to get a response from. I also have several followers, even from foreign countries, but my friends here and in Idaho are my primary targets. So I will post on Facebook, and will email this. If you bother to read it, and disagree, as I know almost everyone in Idaho will, give me hell. I will respond and I will not be disrespectful. If you can educate me, have at it. Jim Mahon and I are great friends, best friends as a matter of fact, but we have to agree to disagree all the time. But I have learned much from the experience, and I hope, so has he.

Bye the way, one of my followers is in grade school in Eastern Europe and knows more about American politics than most of us!

The Love Chronicles, Government is no longer By the People or for the People

Posted: July 10, 2013 in Uncategorized
Tags: , , , , , , ,
2

Why Government is no longer

By the People or for the People

 

 

The blog you are hopefully about to read is inspired by a man whose articles and blogs are a favorite of mine. His writings mirror my own thoughts, but he has a much more educated background to draw from, so I am going to encapsulate several articles he wrote, culling the thoughts I wish to convey. His name is Robert Reich, Chancellor’s Professor of Public Policy at the University of California at Berkeley, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the twentieth century.

 

Before January 2009, the filibuster was used only for measures and nominations on which the minority party in the Senate had their strongest objections. Since then, Senate Republicans have filibustered almost everything, betting that voters will blame Democrats for the dysfunction in Congress as much as they blame the GOP. So far the bet is paying off because the press has failed to call out the GOP – which is now preventing votes on three D.C. Circuit Court nominees, the Labor Department and the EPA, the Consumer Finance Protection Bureau, and the National Labor Relations Board. The GOP has blocked all labor board nominees. They have also violated hundreds of years of Senate precedent by filibustering the nomination of a Cabinet secretary, Chuck Hagel for Secretary of Defense, and using the filibuster to delay John Brennan’s nomination as CIA Director. I am not saying that all of these nominations and measures should not have been challenged, but when almost everything is held up stagnating the congress and it’s ability to perform, then I am saying we must look to the source. This congress has done less work than any in history. I am also not laying all the blame for the lack of product on the GOP, I am after all a Republican. But the entrenched GOP is not looking after my interest, or yours right now, and we need to see the truth of this, as it is as plain as the giant locust that just smashed into your windshield!

 

What happened to the Republican senators, such as Mark Hatfield of Oregon and Nancy Kassebaum of Kansas, who were willing to compromise, and who cared more about preserving the institutions of government than getting their way? Even Orren Hatch and John McCain in those days were more concerned about the institutional integrity of the U.S. government than about any particular policy difference they may have had with the other side.  But the new breed – Rand Paul, Ted Cruz, Mike Lee, Sam Brownback, Jeff Sessions, David Vitter, to name a few – don’t give a rat’s ass about how or whether our government functions. In fact, they give every indication that they’d rather it didn’t. Economics, and much of public policy and political strategy, assume that people are motivated by self-interest, that the definition of acting rationally is to maximize what you want for yourself, and that other values – service, duty, allegiance to others, morality, and shared ideals – are either irrelevant or negligible

Ayn Rand, the philosophical guru of the modern Republican Party, popularized this view of human nature. In her world, selfishness is the only honest and justifiable motive. By looking out for Number One, we accomplish everything that’s necessary. Economist Milton Friedman extended the logic: The magic of the marketplace can be relied on to allocate resources to their highest and best uses. Anything “public” is suspect.

The titans of Wall Street and the CEOs of our major corporations have put this narrow principle into everyday practice. In their view, the aggregation of great wealth and maximization of profit is the only justifiable motive. Greed is good. Eight-figure compensation packages are their due. People are paid according to their economic worth.  This crimped perspective misses what’s most important. Shared values are the essence of a society. They fuel not only acts of valor, but they also motivate people to become teachers and social workers, police officers and soldiers, librarians and city councilors.

So why do our politician act as they do, because big banking, and entities of big business like the Koch brothers –have long been intent on blocking any legislation that does not benefit their deep pockets, at the expense of you and me. All politicians, but it is epidemic in Washington, pander to the people who have the influence and the cheddar to get them reelected and offer them high paying employment for doing next to nothing when their political careers have run their course.

One last example of to illustrate me point. Earlier this year the Republican-led House passed a bill pegging student-loan interest rates to the yield on the 10-year Treasury note, plus 2.5 percentage points. Republicans estimate this will bring in around $3.7 billion of extra revenue, which will help pay down the federal debt.
In other words, it’s a tax — and one that hits lower-income students and their families.

Meanwhile, a growing number of Republicans have signed a pledge – sponsored by the multi-billionaire Koch brothers — to oppose any climate-change legislation that might raise government revenues by taxing polluters. It is called the No Climate Tax Pledge.

Why are Republicans willing to impose a tax on students and not on polluters? Don’t look for high principle. Big private banks stand to make a bundle on student loans if rates on government loans are raised. They have thrown their money at both parties but been particularly generous to the GOP. Meanwhile, the Koch brothers, again – whose companies are among America’s 20 worst air-polluters –have long been intent on blocking a carbon tax or a cap-and-trade system. And they, too, have been donating generously to Republicans to do their bidding.

We should be taxing polluters and not taxing students. The GOP has it backwards because its patrons want it that way. Remember this is being said by a long time Republican, but we need to see that our party needs to change, along with the Democrats, to return to a government by the people and for the people. I mean all of the people, not 1% of the people, who just maybe will share to a lesser degree with a lucky 10% of the people.

The following paragraph is the most important statement I will be making, so pay attention. The modern GOP is based on an unlikely coalition of wealthy business executives, small business owners, and struggling whites. Its durability depends on the latter two categories believing that the economic stresses they’ve experienced for decades have a lot to do with the government taking their money and giving it to the poor, who are disproportionately black and Latino. The real reason why small business owners and struggling whites haven’t done better is the same reason most of the rest of America hasn’t done better: Although the output of Americans has continued to rise, almost all the gains have gone to the very top. If we were still doing things the way we did four decades ago a typical household’s income rose in tandem with output. But since the late 1970s, as we allowed big business, wall street, and banking to slowly weaken unions and lower taxes on corporate America, allowed out-sourcing of our wealth so they would not have to pay taxes in America, which slowly caused most Americans’ incomes to flatten. Had the real median household income continued to keep pace with economic growth it would now average $92,000 instead of $50,000.

I know my views do not make me popular with some of my dearest friends, but I will always keep you close to my heart, while still trying to convince you to see what I think is so obvious. If I did not, I feel that not only would I be letting myself down, but you as well. So I have to keep on trying. We need to get rid of the political parties as they are now. They do not work, just look at the mess we are in for evidence. I have written about that subject before so will not grind on you about that today. I hope, if nothing else, I have gotten at least one person thinking with a little more of an open mind. No one is trying to become the King of America or any other such claptrap. If we want things to be better, we have to not be lazy, and we have to be able to look at both sides of a problem, not make up slogans full of half truths and outright lies to convince ourselves that we are right, but debate with one outcome in mind, to make America work, for everyone, not just those you happen to agree with. Also, in closing, the people who can afford to influence you the most, or almost without exception your enemy, not your friend. So it all boils down to on simple fact, our politicians no longer represent you and me, but the 1%, or maybe the 10%, but that still leaves 90% of us hanging in the proverbial breeze! We now work harder, longer, for less money than most of our European neighbors, a far cry from just 40 years ago, and getting increasingly worse year by year.