Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts

Thursday, December 5, 2013

We Are no Longer a Nation of People but of Corporations (via LiberalBeef)

We Are no Longer a Nation of People but of Corporations (via LiberalBeef)
The reason for the collapse of democratic choice is the foundation for so many American’s growing disenchantment with politics, is the unbridled growth in the power of American corporations. J have wondered in print before if American corporations…

Wednesday, December 4, 2013

The Facts Are in: Austerity Politics Doesn't Work

The Facts Are in: Austerity Politics Doesn't Work

Wednesday, 04 December 2013 09:20 By Sally Kohn, Yes! Magazine | Opinion 

(Photo: <a href=" http://www.shutterstock.com/pic-113725144/stock-photo-london-march-austerity-protesters-march-on-parliament-in-opposition-to-government-spending.html?src=LbTRYe8loVEomH3OIrtm1A-6-0" target="_blank"> Austerity protesters march on Parliament in opposition to government spending cuts on March 26, 2011 in London, UK. An estimated 250,000 people took part in the rally. </a> via Shutterstock)(Photo: Austerity protesters march on Parliament in opposition to government spending cuts on March 26, 2011 in London, UK. An estimated 250,000 people took part in the rally. via Shutterstock) 
From England's double-dip recession to Portugal's spiking unemployment, there is now conclusive evidence of the complete failure of austerity.
The idea that rational thinking should govern political decision making in America dates back to our very founding. “Facts are stubborn things,” John Adams said, “and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
Oh, John Adams, where are you when we need you? Facts have been buried in a political era in which partisan ideology overrides reason. And while the Republican Party has embraced fact-free governance as its personal brand, Democrats are not entirely innocent either.
Take the case of “austerity politics.” Persistent, despite the facts. There is now conclusive evidence, both practical and theoretical, of the complete failure of austerity politics.
First was the United Kingdom, the practical test case for austerity. In 2010, faced with a recession similar to those gripping most other industrialized nations, Britain’s conservative government instituted a series of austerity measures to dramatically cut spending and taxes. Parts of the U.K. government were slashed by upwards of 30 percent.
The result? Utter and unquestionable failure. The deficit remained high while the country suffered through a double-dip recession. Austerity shaved 6 percent from the country’s GDP over the last three years. Major credit agencies downgraded Britain’s AAA rating for the first time in generations. The Fitch ratings agency blamed weak growth performance, “partly due to … public sector deleveraging.”
In other words: austerity. The International Monetary Fund has been pressuring the United Kingdom to back off austerity for its own good and the good of the global economy—which is funny because it was the International Monetary Fund that pressed for austerity measures in the first place.
Take another example, Portugal—which was forced to slash spending drastically in order to qualify for an IMF and EU bailout. The result? The Portuguese economy worsened, with the nation’s debt-to-GDP ratio going up not because its deficit increased but because the economy contracted. The nation’s already-painful 13 percent unemployment rate grew to more than 16 percent. And there are similar examples of austerity’s failures from Ireland to Italy to Spain.
Okay, mumble conservative economists, a few countries may have stumbled but the theory of austerity is still sound. Around the same time Britain launched its austerity experiment, two American professors—Carmen Reinhart and Kenneth Rogoff—published a study arguing that economic growth suffers when a nation’s public debt level reaches 90 percent of GDP. Reinhart and Rogoff’s study became the calling card for pushing austerity politics in the United States and abroad. And then, in April 2013, a graduate student at the University of Massachusetts at Amherst found a simple spreadsheet error that, when corrected, entirely ruined Reinhart and Rogoff’s theory.
Suddenly, the research used to back the case for austerity was 100 percent disproven.
And yet, conservatives—as well as a few too many spineless Democrats—continue to assert that austerity makes for good economics, in spite of the fact that real-world evidence and theoretical science now decisively prove otherwise. In Spain and Greece and beyond, citizens have been mounting protests against a backdrop of skyrocketing rates of suicide and devastating unemployment wrought by austerity measures. And yet these mass protests receive far less attention than the outmoded assertions by the monied elites. In their case, whether there’s evidentiary support for austerity or not is irrelevant—the powers that be simply seek convenient window dressing on their ideology that insists we should cut taxes and spending in good economic times and in bad, that basically there is never a case for anything other than severe austerity. And so while the facts behind austerity politics have collapsed, the ­ideology remains—as hollow and destructive as ever.

The Fake Obamacare Site That Is Trying To Trick Californians

The Fake Obamacare Site That Is Trying To Trick Californians

By Igor Volsky on December 3, 2013 at 11:57 am
CAGOPflyers
Republican members of the California Assembly are distributing seemingly innocuous guides about the coverage options available under the Affordable Care Act that downplay the law’s benefits and misinform voters.
The flyers, which are being sent out at taxpayer expense, are also directing residents to “CoveringHealthCareCA.com,” a domain that closely resembles the official marketplace website for Covered California (CoveredCA.com) But rather than helping Californians enroll in coverage, this site appears to be the creation of the Republican party: it warns senior citizens about health care rationing and “provisions that have driven up insurance costs”. The site is designed to look like a non-partisan guide, but actually mirrors Republican talking points and criticisms of the law:
– IRS WILL SINGLE OUT CONSERVATIVES. “In light of the recent revelation of questionable processes at the IRS for approving the tax-exempt status of certain groups, several members of the State Legislature, led by Assemblyman Dan Logue, introduced Assembly Joint Resolution 23 to urge Congress and the President to remove any financial oversight responsibilities of the IRS with regard to the administration of the Affordable Care Act.”
– YOUNG PEOPLE ARE SCREWED. “Young invincibles or healthy adults visit the doctor very seldom and are money makers for insurers and medical groups that contract to provide them services. As low-cost additions to insurance pools, young adults would help dilute the expense of covering older, sicker people. Depending on how Congress requires insurers to price their policies, this group could even wind up paying disproportionately hefty premiums — effectively subsidizing coverage for the less healthy.”
– EMPLOYERS WILL STOP HIRING. “There are subsidies in the program for health insurance. However, there is an argument that the Affordable Care Act provides strong incentives for firms to avoid hiring workers from low-income households. … Many economists believe that the employer mandate contained in the federal law has resulted in many employers who currently have fewer than 50 employees from deciding not to hire new workers so that they are not subject to the new mandate or penalty provisions. News stories are beginning to confirm these concerns.”
– SENIORS WILL EXPERIENCE RATIONING. “For seniors that use Medicare’s prescription drug program, the Affordable Care Act gradually closes the “donut hole” until its complete elimination in 2020. To pay for other components of the Affordable Care Act such as expanding Medicaid and creating state health exchanges, Medicare providers will see rate cuts near $200 billion over the next decade. These cuts could potentially result in the exodus of doctors from the Medicare system and force Medicare recipients to find new providers, possibly facing longer wait times for care as that pool of doctors shrinks.”
Despite the GOP’s effort to dissuade Californians from purchasing coverage, however, nearly 80,000 people signed up for health insurance in the state’s new exchange as of late November, with approximately 2,7000 people enrolling daily.
A disclaimer on the site — which is situated next to a link to the Assembly Republican Caucus — notes that “The California State Assembly does not warrant or make any representations as to the quality, content, accuracy, or completeness of the information, text, graphics, links and other items contained on this server or any other server.” Indeed.
(HT: Crooks and Liars)

Why Do Douche Waffles Get Elected?

Why Do Douche Waffles Get Elected?  





The full campaign spoofing the Direct TV commercials, produced by Acronym TV for Move To Amend. All six spots, each about 30 seconds, are included here in this single video.

Written by Lee Camp and Dennis Trainor, Jr, and Directed by Trainor, these spots aim to hijack a popular meme to shine a seriously unserious light on the issues of corporate person-hood and money as free speech.

Move to Amend is a coalition of hundreds of organizations and tens of thousands of individuals committed to social and economic justice, ending corporate rule, and building a vibrant democracy that is genuinely accountable to the people, not corporate interests.

We are calling for an amendment to the US Constitution to unequivocally state that inalienable rights belong to human beings only, and that money is not a form of protected free speech under the First Amendment and can be regulated in political campaigns.

Over 300,00 people have signed the Move To Amend statement that states:
We, the People of the United States of America, reject the U.S. Supreme Court's Citizens United ruling and other related cases, and move to amend our Constitution to firmly establish that money is not speech, and that human beings, not corporations, are persons entitled to constitutional rights. 
 


Move To Amend’s Direct TV Parody Compilation
Written by Lee Camp and Dennis Trainor, Jr
Produced and Directed by Dennis Trainor, Jr.
Editing, graphics, keying and color correction by AJ Russo
Associate Producer Christopher Webb
Costumes Lara de Bruijn

Tuesday, December 3, 2013

10 reasons why Ronald Reagan was the worst president of our lifetime



10 reasons why Ronald Reagan was the worst president of our lifetime


If you ever happen to come across a Republican on television these days, chances are that you will hear the name Ronald Reagan. Recent Republican debates are the perfect example of the love fest that the current Republican party has for Reagan as each candidate name drops the former president at every turn. If you only listened to conservatives you would think that Jesus Christ was the only person above Reagan on the totem pole of conservative love. They talk about his love of low taxes, less government and conservative family values.
The problem is that when you step out of the conservative dream and come back to reality, you find that not only was Ronald Reagan a bad president, but he was one of the worst presidents we've seen in modern times. Reagan's policies have destroyed the United States for three decades, and for the eight years he was in office, here are eight reasons why Ronald Reagan was the worst president of our lifetime.
1. Reagan cut taxes for the Rich, increased taxes on the Middle Class -
Ronald Reagan is loved by conservatives and was loved by big business throughout his presidency and there's a reason for it. When Reagan came into office in January of 1981, the top tax rate was 70%, but when he left office in 1989 the top tax rate was down to only 28%. As Reagan gave the breaks to all his rich friends, there was a lack of revenue coming into the federal government. In order to bring money back into the government, Reagan was forced to raise taxes eleven times throughout his time in office. One example was when he signed into law the Tax Equity and Fiscal Responsibility Act of 1982. Reagan raised taxes seven of the eight years he was in office and the tax increases were felt hardest by the lower and middle class.
2. Tripling the National Debt -
As Reagan cut taxes for the wealthy, the government was left with less money to spend. When Reagan came into office the national debt was $900 billion, by the time he left the national debt had tripled to $2.8 trillion.
3. Iran/Contra - (I break this down in more detail in the article linked here)
In 1986, a group of Americans were being held hostage by a terrorist group with ties to Iran. In an attempt to free the hostages, Ronald Reagan secretly sold arms and money to Iran. Much of the money that was received from the trade went to fund the Nicaragua Contra rebels who were in a war with the Sandinista government of Nicaragua. When the scandal broke in the Untied States it became the biggest story in the country, Reagan tried to down play what happened, but never fully recovered.
4. Reagan funded Terrorists -
The attacks on 9/11 by al-Qaeda and Osama Bin Laden brought new attention to international terrorism. All of a sudden, Americans coast to coast wore their American flag pins, ate their freedom fries and couldn't wait to go to war with anyone who looked like a Muslim. What Americans didn't realize was that the same group that attacked the United States on 9/11 was funded by Ronald Reagan in the 1980s. Prepping for a possible war with the Soviet Union, Ronald Reagan spent billions of dollars funding the Islamist mujahidin Freedom Fighters in Afghanistan. With billions of American dollars, weapons and training coming their way, the Taliban and Osama Bin Laden took everything they were given and gave it back to the United States over a decade later in the worst possible way imaginable.
5. Unemployment issues -
When Ronald Reagan came into office 1981, unemployment was at 7.5%. After Reagan cut taxes for the wealthy, he began raising taxes on the middle and lower class. Corporations started to ship more jobs out of the United States while hiring cheap foreign labor in order to make a bigger profit. While corporations made billions, Americans across the country lost their jobs. As 1982 came to a close, unemployment was nearly 11%. Unemployment began to drop as the years went on, but the jobs that were created were low paying and barely helped people make ends meet. The middle and lower class had their wages nearly frozen as the top earners saw dramatic increases in salary.
6. Ignoring AIDS -
By the time the 1980s came around, AIDS had become one of the most frightening things to happen to the country in recent memory. No one understood what AIDS and HIV really was and when people don't understand something, they become scared of it. The fear of the unknown was sweeping across the country and Americans needed a leader to speak out about this horrible virus, that leader never came. Instead of grabbing the bull by the horns and taking charge, Reagan kept quiet. Reagan couldn't say the words AIDS or HIV until seven years into his presidency, a leader not so much.
7. Reagan gave amnesty to 3 million Undocumented Immigrants -
In today's GOP, the idea of any immigrant staying in the United States whether they are legal or illegal isn't something that conservatives embrace. What might shock them is that in 1982 Ronald Reagan gave nearly 3 million undocumented workers amnesty. The biggest reason for undocumented workers coming to the United States is because corporations hire them at a cheaper rate than they would an American citizen. All the laws that would have cracked down on companies who hire undocumented workers were, of course, removed from the bill.
8. His attack on Unions and the Middle Class -
The Republican war on unions and the middle class has been heating up in states like Wisconsin and Ohio, but it has been going on for a long time. Unions are formed to give a united voice to the workers in an attempt to create fairness between the corporations and their employees. On August 3rd, 1981, PATCO (Professional Air Traffic Controllers Organization) went on strike in an effort to get better pay and safer working conditions. Two days later, taking the side of business, Ronald Reagan fired 11,345 workers for not returning to work.
*Bonus reasons against Reagan*
9. Reagan raided the Social Security Trust fund -
With Ronald Reagan cutting taxes so drastically, the U.S government was beginning to starve. Reagan added to the government and didn't make enough spending cuts to offset the tax cuts, so the money needed to come from somewhere. Ronald Reagan knew that his polices would create economic bubbles, unemployment would drop and some jobs would be created, but in time the bubble would burst leaving the economy in ruins. In order to counteract his own economic policies, Ronald Reagan needed to find somewhere else to get revenue.
Listening to Alan Greenspan and other advisors, Ronald Reagan raided the Social Security Trust Fund and replaced it with glorified IOU's. Ronald Reagan raised the Social Security tax rate which did add to the revenue, but because there is a cap on Social Security, currently no income over $113,700 is taxed for Social Security, the wealthy didn't feel the tax increase and the pain was pushed to the middle and lower classes.
10. Endless worship and never ending praise -
Ronald Reagan left office in January of 1989 and nearly 25 years later he is held up high by the modern Republican party. As nearly three decades have gone by since Ronald Reagan was in the White House, reality and history has faded with time. Conservative figures like anti-tax Grover Norquist created the "Ronald Reagan Legacy Project" with a goal of memorializing Reagan in all 50 states. As stated in this article, Ronald Reagan did a lot to hurt the United States, not just while he was in office, but in the years that have followed. What's scary about today's current Republican party is that while Reagan was one of the worst president's this country has had to endure over the last 100 years, he would be considered too moderate to be nominated by today's conservative standards.
(Revised and Updated: 12/3/2013)

What the Pope Got Right About Capitalism

What the Pope Got Right About Capitalism