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Posts Tagged ‘Republicans’

what are republicans and democrats to you?

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A recent poll by the Pew Research Center shows that 71 percent of the US public favors raising the federal minimum wage. Nineteen states already have higher minimum wages. Fifty percent of Republicans also support an increase, as opposed to 47 percent opposed.

Wall Street is also against raising it. That’s because when wages go up, share prices go down. That’s because higher wages can cut into corporate profits in the short term. In the long term, however, rising real wages increase demand, spur sales, push up profits and create jobs. Recent studies show raising the minimum wage has a small impact on unemployment, most likely because it increases the demand for goods and services.

According to a study by the Economic Policy Institute, “The multiple positive effects that would result from a higher minimum wage are clear: It would boost the earnings of working families hardest hit by the Great Recession, spur economic growth, and create about 100,000 net new jobs. In an economic climate in which wage increases for the most vulnerable workers are scarce, raising the minimum wage to $9.80 by July 1, 2014, is an opportunity that America’s working families cannot afford to lose.”

Despite the positive impacts of a raise, on behalf of Wall Street, House Republicans will vote in goose step against any increase, as will some corporate Democrats.

Conversely, when wages go down, share prices go up. That’s good if you’re a member of the 1 percent, but it’s bad for the economy and the 99 percent in the long term. When real wages go down, so does the demand for goods and services. In the long run, corporate profits cannot be constantly raised, which is something that must occur in the long term, otherwise, the Ponzi Scam known as Wall Street would collapse.

As demand goes down due to the massive redistribution of income from the 99 to the 1 percent legislatively undertaken over the last 32 years by the federal government, Wall Street has had to invent new investment instruments that redistribute income from the 99 to the 1 percent. In the past, this has included bonds backed by home mortgages and credit default swaps, neither of which has been good for the economy.

So overall, an increase in the federal minimum wage will be a good thing (however tiny) for the vast majority of Americans, as well as for the economy. They’ll have more money to spend. Better yet, CEO’s and rich shareholders will possess less money with which to purchase politicians.

Click below for related links.

Study from the Economic Policy Institute

One study on the impact of raising the minimum wages

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Republican Party leaders are stupid enough to believe they don’t appeal to Hispanics because of the party’s position on illegal immigration and opposition to comprehensive immigration reform. Apparently, the Republican leadership believes that if they help to pass some form of immigration reform, Hispanics will vote for more jobs destroying, middle class exploding, tax breaks for the rich. They must believe that Hispanics will vote for more war, privatizing public schools, the military and other government services; that they will vote for destroying Social Security, Medicare and Medicaid, shipping more jobs overseas and redistributing more income from the 99 to the 1 percent. Somehow, the Republican leadership believes Hispanics will vote for people who deny science if it happens to present bad news for corporate profits, like global warming; and that they’ll vote for nut jobs who believe in “legitimate rape.”

Here’s how stupid the Republican leadership is. Before the November 2012 election, a Fox Latino poll found that only 6 percent of Hispanics listed immigration reform as their number one priority, compared to 45 percent who listed the economy as their number one issue. A Latino Decisions election eve poll found 53 percent of the respondents thought the economy was their number one priority, compared to 35 percent who thought immigration reform should be number one. On a national level, Republicans tend to get between 17 and 35 percent of the Hispanic vote. Helping on immigration reform isn’t likely to change that.

In other words, the economy is the number one priority for most US Hispanics. They generally tend to vote Democratic, and there’s nothing the Republicans can do about this, since the positions espoused by the Republicans are aimed primarily at destroying the middle class.

In fairness to the vast majority of Republican politicians, the bulk of the national Democratic establishment has the middle class in their cross hairs, as well. Wall Street Senator Ron Wyden is classic example.

Maybe the Republicans should stop nominating far right, and ultra-right politicians for national offices. Maybe they should oppose the Democrats in their income redistribution plans, rather than aid and abet it. Maybe the Republicans should nominate people to national office with a platform for aiding the middle class, rather than redistributing middle class income to the rich. Maybe that would get more Hispanics to vote for the GOP.

Click below for more on this story from the Guardian of the UK.

http://www.rawstory.com/rs/2013/01/29/five-reasons-republicans-wont-win-over-latino-voters/

Click below for another lesson the Republicans didn’t learn from the election of 2012.

http://www.rawstory.com/rs/2013/01/26/maddow-republicans-taking-all-the-wrong-lessons-away-from-2012-drubbing/

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US Debt Ceiling Facts

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FDR Said it Best

Why do Republican politicians continue to insist that the US accept the failed trickle down policies of the past? The only thing that has occurred under the program is that the rich have redistributed more and more income from the 99 to the 1 percent using their plutocrats in public office, such as Wall Street Senator Ron Wyden.

To Republicans and Corporate Democrats like Wall Street Senator Ron Wyden I say, “Trickle down failed. Stop doing the bidding of your corporate masters like the fetch dogs that you are. Do something positive for the American people. Stop redistributing their income to the 1 percent and reverse it so the economy can get better.”

FDR Said It Best

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The GOP: Obstructing Anything That Benefit Anybody But the 1 Percent

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Are Republicans as stupid and anti-American as they seem to be? They claim we should cut back on government spending and for a while pointed to Europe and especially England as the way to go. They’re not doing that comparision thing much anymore because England and Europe are in recession because of goverment cuts. But the GOP still insist the best way that lead to growth is cutting social progams, and oh yes, giving more economically disastrous tax cuts to the rich.

That policy is a massive failure wherever it has been tried.

“ust as many had predicted, austerity during a declining economy doesn’t fix anything. It only makes the problem worse, by cutting off critical finances and services when they’re needed the most. It’s much cheaper for governments to borrow the money and keep money moving during soft economic periods like this.

Conservatives laughed off criticism of austerity, but it’s clear they were wrong.” Check out the rest of the story by clicking on the link below.

the-cost-of-austerity-just-look-at-the-uk-economy-its-a-mess–Truthout.org

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The Republican plan for the youth of the 99 percent. On the other hand, about 80 percent of Democrats in congress, such as Wall Street Senator Ron Wyden, vote with Republicans on things that benefit the 1 percent at the expense of the 99 percent. By the way, Wall Street's President Barack Obama likes to vote with Wyden.

The Republican plan for the youth of the 99 percent. On the other hand, about 80 percent of Democrats in congress, such as Wall Street Senator Ron Wyden, vote with Republicans on things that benefit the 1 percent at the expense of the 99 percent. By the way, Wall Street’s President Barack Obama likes to vote with Wyden.

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