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Archive for February, 2012

Scott Walker’s Koch Connection Goes Bad

The Koch Brothers and their governor of Wisconsin, Scott Walker, are fused together as tightly as hay is to horse poop.

Click here for the full story

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United Citizens vs. Citizens United

The corrupt corporate Koch Brothers wing of the Supreme Court effectively ensured that they would decide who wins and who loses in the political battle being waged in the halls of congress and in the white house over the distribution of income and wealth when they sided with their benefactors, the Koch Brothers, in ruling yes on the Citizens United case in 2010.

There was a $2500 campaign contribution limit before Citizens United. Now every rich person can form what’s called a Super Pac, toss a bazillion dollars into it, have the Pac spend all of those dollars on one or more candidates of his or her choice, and pretty much make the votes of the 99 percent valueless in the political markets of congress and the white house. They are and always have been markets, usually going to the highest bidder.

The government has made legislative decisions over the last thirty years that has redistributed more and more income from working people to the rich. The Koch Brothers Supreme Court made it even worse for the 99 percent. We’ve had a plutocracy for decades; but now it’s even more so.

This is the golden rule in action; he who has the gold makes the rules. Here’s what’s being done about it.

click here for the story

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The Fix: How to Fix the Economy from the point of view of an 80 year old

BEST THING I HAVE HEARD YET…..From a senior citizen around 80 yrs. of age.

We aren’t useless yet.

The
Fix

There recently was an article in the St. Petersburg , Fl. Times. The Business Section asked readers for ideas on:

“How Would You Fix the Economy?” I think this guy nailed it!

Dear Mr. President,

Please find below my suggestion for fixing America ‘s economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.

You can call it the “Patriotic Retirement Plan”:

There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings – Unemployment fixed.

2) They MUST buy a new AMERICAN Car. Forty million cars ordered – Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.

It can’t get any easier than that!!

P.S. If more money is needed, have all members in Congress pay their taxes..

Mr. President, while you’re at it, make Congress retire on Social Security and Medicare. I’ll bet both programs would be fixed pronto!

If you think this would work, please forward to everyone you know.
If not, please disregard.

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44% – More Optimism about the Economy

Optimism about the national economy, which sagged in 2011, has rebounded in the first two months of this year, according to a survey this month by the Pew Research Center for the People & the Press. Currently, 44% of people say they expect economic conditions to be better a year from now, up from 34% in January and 28% in December.

Moreover, more than half of people (54%) say either that the economy is already recovering (25%) or that it will recover soon (29%). Last April, 44% said a recovery was already underway or would soon occur.

Click here for the complete story

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Pontiac Michigan is On the Comeback

It’s being said that the dire economic conditions of Pontiac, Michigan are on the mend. That may be the case, but there’s a long way to go with unemployment running above 30 percent. Years of free trade treaties have devastated the citizens of this once vibrant community.

Click here for the story about the comeback of Pontiac, Michigan

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Comedian Bill Maher donates $1 million to Obama super PAC

President Obama has supporters among his critics. Bill Maher has come to his rescue and made a statement.

click here for the story and video

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Paul’s tightly-organised campaign is racking up delegates even in states where he did poorly in the popular vote. It’s all part of a complex system that could make Paul the election kingmaker.

click here for the complete story

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A deal has been reached between the Greek government and the rest of the Eurozone. Greece will get a series of loans that should save it temporarily from defaulting on government bonds; the deal will also ensure Greece will move deeper into misery and that the current recession that began five years ago will get worse.

Unemployment is already at 20 percent. It will grow because the new austerity measures include slashing pensions and lowering the minimum wage from 751 to 580 Euros per month. That’s called slashing the demand for goods and services. That’s called increasing misery. The Greek government is facing insolvency, dissolution and probably revolution in the coming months.

The Euro is good for the European banksters, but bad for the people of Greece. The Greek politicians know this.

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Working people aren’t sharing in the weakest and bleakest economic recovery since the alleged recovery under George W. Bush. That was a dismal recovery. So why have the last two boom periods been so dismal?

The weakness is because of the massive redistribution of income and wealth from working people to the 1 percent which has been undertaken by Republicans and Democrats in the halls of congress during the last thirty years. Now the demand for goods and services is far less than it should be. When 99 percent of the population earn 93 percent of the total national income, like 30 years ago, demand is much greater than when that percent is down to 75 percent, which it is now. Job growth and wage growth are weaker because of this redistribution, which is an ongoing process in the halls of congress and the Koch Brothers wing of the Supreme Court.

That means the boom periods are going to be more and more shallow by historical standards in every measurement compared to previous boom periods. The current boom period will be worse in every way than the horrible boom period under George W. Bush. Time Magazine called that “the lost decade.” And it was. But if you think the Bush decade was bad, the current boom period will be worse, or at the very least, as bad. The boom period after our current anemic so-called recovery will be more shallow in every way. Do you see a pattern here? That’s the reality because more and more income is constantly being redistributed from the 99 percent to the 1 percent by our, or rather the 1 percent’s, government. And, yes, President Obama is part of the problem, not the solution.

Over the next decade, the rich may have 30 percent of the total national income, meaning we’ll have less. The demand for goods is dropping in the long haul, the economy moving downward in a slowly unfolding Great Depression.

workers aren't sharing in manufacturing whimper

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‘Occupy’ plans national conference in Philadelphia

Associated Press= PHILADELPHIA (AP) — “A group of protesters affiliated with the Occupy Wall Street movement plans to elect 876 “delegates” from around the country and hold a national “general assembly” in Philadelphia over the Fourth of July holiday as part of ongoing protests over corporate excess and economic inequality.”

It’s about time we of the 99 percent begin to organize on a higher level. Numbers should be able to beat out money, but not when it comes to the Koch Brothers wing of the Supreme Court, which is a huge and corrupt joke on the American people.

Click here for the complete story

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