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Obama And The Failure Of Capitalism

December 13, 2011 by  

Obama And The Failure Of Capitalism

Oops! The Presidential pretender went and did it again. A lot of red ink has passed over the socialist dam since he unthinkingly told Joe the Plumber that he wants to “spread the wealth around.”

Or since he told Charlie Gibson that “It’s a matter of fairness” when Gibson repeatedly asked him to explain why he would want to raise the capital-gains tax when the historical evidence proves that higher capital-gains taxes actually decrease government revenues.

Of course, there have been endless not-so-subtle clues as to Obama’s impeccable collectivist credentials since then, but, on the whole, he tends to choose his words carefully so as not to awaken the sleeping frogs. One must always be mindful not to let the water get too hot.

But last week Obama let it all hang out in a speech at a Kansas high school when he said, “[T]here is a certain crowd in Washington who, for the last few decades, have said, ‘Let’s respond to this economic challenge with the same old tune. The market will take care of everything,’ they tell us. If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger.”

Moving in for the kill, he went on to say, “And that theory fits well on a bumper sticker. But here’s the problem: It doesn’t work. It has never worked. … I mean, understand, it’s not as if we haven’t tried this theory. We simply cannot return to this brand of you’re-on-your-own economics if we’re serious about rebuilding the middle class in this country.”

That’s right, folks, capitalism had nothing to do with the United States becoming the most prosperous country in the history of the world. It had nothing to do with millions of ambitious people starting with nothing and becoming millionaires and even billionaires. And it has nothing to do with the fact that “poor people” (as defined by the Census Bureau) in the U.S. live better than middle-class people in most other countries.

When Obama says that cutting taxes and regulations doesn’t work, what in the world is he talking about? Everything works. The question is, for whom does it work, and how well? Collectivism works exceedingly well for politicians whose chief objective is to stay in office, but it destroys the lives of millions of people on the dole who might otherwise become productive citizens.

True to his favorite tactic of turning the facts upside down, when Obama says “it’s not as if we haven’t tried this theory,” it sounds as though he’s referring to communism rather than capitalism. Communism has been tried throughout the world — from Cuba to Russia, from North Korea to China — and it’s worked wonderfully for guys with names like Castro, Stalin, Kim Jong Il and Mao. But for the masses it has consistently delivered poverty, loss of freedom and death.

Capitalism, on the other hand, has worked for the masses — whenever and wherever it has been tried. Even in its impure state (i.e., not laissez faire) it has delivered spectacular wealth and a high standard of living to all those who are willing to work.

“You’re on your own economics” is a cute catchphrase — the kind of dismissive ridicule the left loves to employ — but the truth is that being “on your own” is a good thing. When the government leaves people alone, it makes it easier for them to innovate and create wealth. And when wealth is created, it accrues to everyone’s benefit, whether it is reinvested, spent on goods and services, or saved (which adds to capital formation and, in turn, spurs economic growth and job creation).

But what about those who are truly unable to care for themselves; e.g., quadriplegics, the blind and the mentally ill? What would happen to them in a truly free society? Fortunately, the Western way of life is based on a code of ethics and morality that motivates Americans, in particular, to be remarkably charitable.

No civilized person wants to see those who are seriously health challenged or mentally challenged suffer, so the question is not whether or not such people should be helped. The question is, who is best equipped to help them — politicians, whose chief aim is to perpetuate their own power, or free individuals, who have a genuine desire to be charitable to those who are incapable of fending for themselves?

If the scam of politicians taking from those who produce and giving the stolen loot to those whom they deem to be “in need” worked, the poverty rate would not be about the same today (14.3 percent) as it was when the Great Society was launched back in 1965. What Lyndon Johnson’s “generosity” proved is that it doesn’t matter how much of other people’s money you give away, it does nothing to lift people up. The hard evidence shows that it is government’s redistribution-of-wealth policies that have not worked.

The far left has succeeded in perpetuating a cult of dependency that keeps career criminals like Chuck Schumer, Barney Frank, Chris Dodd, Nancy Pelosi and Harry Reid in power. And, unfortunately, those who claim to be in favor of capitalism — primarily Republican career politicians — have consistently gone along with welfare programs that have bankrupted the country and stripped millions of people of the motivation to tap into their true potential and better their lives.

If one assumes that a community organizing ne’er-do-well like Barack Obama — who has never built anything in his life — sincerely wants to help the middle class, he would have to simultaneously believe that Obama’s an ignoramus.

  • How does increasing America’s debt by $4 billion a day help the poor?
  • How do more than 40,000 pages of tax regulations — regulations that take time and money away from job creators — help the poor?
  • How does an $800 billion “stimulus bill” — which turned out to be nothing more than a wish list of political pork — help the poor?
  • How do regulations that prevent oil drilling and coal mining — activities that could create a massive number of jobs and reduce our dependency on foreign oil — help the poor?
  • How does destroying the housing market through government-created failures like Fannie Mae and Freddie Mac help the poor?

Yes, we do need to be on our own. More regulation is the last thing in the world we need. The greatest regulator is, and always has been, the marketplace. Those of us who have engaged in entrepreneurship know that the marketplace is a brutal, unforgiving regulator. But how in the world can you expect a community organizer to know that when he’s never started or operated a business? You have to experience the brutality of the marketplace, firsthand, in order to appreciate just how well it works.

Maybe Obama and his supposedly sincere leftist pals should study Galveston, Texas and try to understand why opting out of the Social Security system has worked so well for its citizens. Or why job-creating companies are stampeding out of anti-business, high-tax States like New York and California and escaping to business-friendly States such as Nevada, Florida and Texas that have no State income taxes.

The truth is that, throughout history, the vile left has never been interested in lifting people up. Instead of focusing on income inequality, their focus should be on setting people free — to be on their own! — to go as far as their talents and hard work will take them.

Sorry, Barack, but your socialist and communist mentors — from papa Obama to Frank Marshall Davis, from Saul Alinsky to Jeremiah Wright — had it all wrong. It is collectivism, in all its ugly incarnations, that doesn’t work. So-called trickle-down economics, on the other hand, does work — and always will. It’s built into the system.

Barack Obama would do well to listen to a once starry-eyed collectivist named Bill Clinton, who recently said, in an interview with Newsmax’s Chris Ruddy, “We don’t have a lot of resentment against people who are successful. We kind of like it, Americans do. It’s one of our best characteristics. If we think someone earned their money, we do not resent their success. That’s why there’s been very little class conflict in American history.”

We’re less than a year away from finding out who is right in his assessment of the average American — Barack Obama or Bill Clinton.

-Robert Ringer

Robert Ringer

is a New York Times #1 bestselling author and host of the highly acclaimed Liberty Education Interview Series, which features interviews with top political, economic, and social leaders. He has appeared on Fox News, Fox Business, The Tonight Show, Today, The Dennis Miller Show, Good Morning America, The Lars Larson Show, ABC Nightline, and The Charlie Rose Show, and has been the subject of feature articles in such major publications as Time, People, The Wall Street Journal, Fortune, Barron's, and The New York Times. To sign up for his one-of-a-kind, pro-liberty e-letter, A Voice of Sanity, Click Here.

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  • alexa

    Capitalism is not failing. It is being strangled by those who wish to be ‘emperors’. It Obama who is failing us.

    Those of us who understand the effects of a fake money economic system will survive just as those who survived during the Great Depression.

    • Robert Smith

      How does not allowing “free trade” but allowing corporations to take advantage of tax rates in other countries help our poor?

      Rob

      • FreedomFighter

        “allowed” wtf they are international corps when tax rate is to high in american they move…

        Lower the tax in america, one of the highest in the world and they will return…

        what a stupid statement robbie

        Laus Deo
        Semper Fi

        • Mark in LA

          Where do these morons come from? The top tax rate is 35% but the EFFECTIVE tax rate on GE was 2.3%. If we dropped the maximum tax rate to 20%, GE would have an effective tax rate of 1.5%. If you think that is what is causing GE to move it’s jobs offshore then you are a brainwashed idiot who gulps down the corporate propagade by the bucketload, or you are another paid RNC shill.

          • FreedomFighter

            GE is Obama’s cronie capitolist company… name a few others that dont contribute millions to Obama and run an entire TV network to promote Obama

            Laus Deo
            Semper Fi

          • Mark in LA

            Hey idiot, the tax code was in place long before Obama got there or do you think GE just put together their 100 million dollar a year team of tax consultants the year Obama was elected. It is so obvious you are an illiterate clown who can’t even digest simple ideas without resorting to babbling idiotic RNC talking points that have nothing to do with the thread.

          • DaveH

            Mark,
            You have no idea what you’re talking about. We can talk tax rates all day long and it means nothing. Every company has their own unique expenditures and deductions. Without combing carefully an entire tax return, nobody has any idea of the why’s and wherefore’s of any company’s tax return. If they lose money, they pay no taxes, duh. Remember, it’s called an “Income” tax — no income, no tax.
            Most so-called “loopholes” are just tax deferrals, meaning the bill will come due some time in the future.
            And most of all, Companies don’t really pay taxe — People pay taxes. When companies are taxed, they have just a few choices. They can raise their product prices (if the market will allow). They can lower their workers’ wages (if the workers will allow). They can lay off workers. They can lose money until they go out of existence. OR, they can give up on America and move their operations somewhere else. None of the above choices are good for the rest of us. Corporate taxes are just one of many ways for the Politicians to extract money from the People.
            Here are actual income tax payments from real people. So much for the rich getting away with anything:
            http://www.ntu.org/tax-basics/who-pays-income-taxes.html

          • DaveH

            And, Mark, you have absolutely no legs to stand on when it comes to calling other people “brainwashed idiots”. You are just an Ignorant Big Government Tool.

          • Mark in LA

            DaveH – the Mises guy who just repeats gibberish he reads without thinking. Hey we even got an old Reaganism:

            And most of all, Companies don’t really pay taxe — People pay taxes. When companies are taxed, they have just a few choices. They can raise their product prices (if the market will allow).

            Well Dave lets try a thought experiment if you can follow it. I work for a company who pays me a salary. They deduct my taxes and pay them to the government. Without the company, I wouldn’t have that salary because on my own, my skills aren’t that valuable to the guy on the street. Now my employer decides I shouldn’t work for him anymore and fires me and hires my replacement. The same taxes are still being paid to the government but no longer by me. Does this mean the company or the people pay taxes? The issue isn’t really if companies or people pay taxes, it is to show that a simple-minded brain fart out of an Alzheimer’s riddled old fool back in the 80′s has as much relationship to the real world as did most of the stupid things he believed in.

            Taxes are a cost of doing business just like paying for raw materiels and salaries. Of course, there has to be a margin above that for the business to stay afloat but that dumb Reaganism was just nonsense propaganda to get stupid people to believe lowering taxes on corporations would result in more jobs when it would do nothing of the sort.

          • unrealistic

            A moron is one who doesn’t understand that at the end of the day all taxes are paid by private sector employee’s period. any money the govmnt receives is from PSE’s any corporate taxes is from money the corp. receives from its customers otherwise known as PSE’s. We need to have a voter qualification method.

          • teri

            this has been happening since the federal reserve act was inacted and probably before than. This country has been pushed to this economic ruin by many presidents before obama and including obama. you want to save america? vote ron paul in 2012.

          • Mark in LA

            Well unrealistics we do need a voter test because if it required IQ above 10 you wouldn’t make it. Again with the idiot nonsense – even extended that only “private sector employees” pay taxes. So police, soldiers, firefighters, and teachers don’t pay taxes?

            However, lets play along with your brainwashing about passing taxes on to their customers. In that case the corporate tax is the most fairest of all to the libertarian. Think about it, only the customers of a company pay the tax if we removed all taxes on people and replaced them with corporate taxes. If I want your product I pay tax like a sales tax. With no income tax on people, there is more money circulating in society to increase sales and the companies will make the same profit while paying all the taxes.

            This makes about as much sense as your agrument. Again, economics is just worthless babble used to make public policy favorable to some group while hiding the real beneficiaries from the masses who fall for it.

          • DaveH

            As usual, the Liberal must resort to personal attacks instead of facts.
            And thank you, Mark, for opening your mouth and proving to the other readers that you are indeed a fool.

          • ConcernedCitizen

            Curious Mark, how does imposing a medical device manufacturers tax help the poor or lower medical costs. Let ME help YOU. It doesn’t. What it does though, is instantly give GE, one of Obama’s biggest donors, the opportunity to regain market share with inferior products. Ge sets up global operations so that they may “export” revenues evenly overseas while “importing” all revenue losses here exploiting all corporate (and quite legal) loopholes. Don’t you find it interesting that now GE is moving it’s medical division from the 150+ yr old Milwaukee site to China? Maybe you are the koolaid drinking fool who just likes to troll sites spreading your my-way-or-the-highway logic. I love your name calling as well. Is that all you got?

          • DaveH

            This comment isn’t for Mark, because it takes an actual intellect to understand it.
            No matter how government acquires its money, it all comes from all of us one way or the other. And as I stated in a later comment, it’s the spending that counts. Every dollar Government spends is a dollar that could have been invested productively in the private sector. Government consumes wealth. The private sector produces wealth.
            Here is an example from real life experience in Haiti:
            http://mises.org/daily/5277

            Keep in mind that some companies are operating in a self-serving way by supporting Politicians who then support them with appropriate regulations, etc.. Those companies are Crony Capitalists. Those companies that survive by pleasing the consumers rather than the politicians are Market Capitalists.

            Do something that ignoramuses like Mark will never do. Study at mises.org and learn about what’s really going on, not what the Leaders want you to think is going on.

          • Jim S

            Yes Mark. Soldiers, Police, Firefighters and Teachers do pay taxes. What you fail to acknowledge here is where their salaries originate. The money for their salaries come from the taxes paid by PSEs. They are public employees, therefore they would have no salaries if the PSEs paid no taxes. Many of your arguements can easily be refuted by logic. It’s a shame that there is such a lack of common sense and logic on the left that they can’t think for themselves and see through the smokescreen.

          • Mark in LA

            Concerned citizen brays thus:

            Curious Mark, how does imposing a medical device manufacturers tax help the poor or lower medical costs. Let ME help YOU. It doesn’t. What it does though, is instantly give GE, one of Obama’s biggest donors, the opportunity to regain market share with inferior products.

            What does spewing nonsense have to do with the fallacy that corporate taxes are too high and causing jobs to move overseas? That is the issue and none of you addressed it with anything other than soundbite nonsense that was off topic. Not only that you pretend that a medical products tax on everybody in the medical products field somehow helps GE sell inferior products because of Obama. Do you guys bother to read any of your posts. Maybe you have a 6th grader at home you can give them to so they can point out how stupid and full of Republican campaign bull they are. The medical product tax is like a sales tax as far as I can see, they impose a 2.5% tax on every medical device sold – big deal. The idea that this will hurt these companies because it will eat into their 80% profit margins in ridiculous.

          • Mark in LA

            Well then Jim S do that because like the rest of the people here you produce gibberish with no logic. Especially with this:

            Yes Mark. Soldiers, Police, Firefighters and Teachers do pay taxes. What you fail to acknowledge here is where their salaries originate. The money for their salaries come from the taxes paid by PSEs. They are public employees, therefore they would have no salaries if the PSEs paid no taxes. Many of your arguements can easily be refuted by logic.

            This is so stupid it is hardly worth commenting on. Since the creation of government there has always been some form of taxation. Government would have disappeared long ago if it was net drain on society. Obviously, government at some level is providing services that enhance society and are worth paying for. Once can argue when the balance point is but there is a reason why the first world taxes a lot and the third world very little. As for no salaries without taxes, we alreay have that today – the government just prints money to pay their salaries. But please show us your towering intellect and refute anything I posted with “logic”.

          • Mark in LA

            DaveH with another Mises brain fart:

            Every dollar Government spends is a dollar that could have been invested productively in the private sector. Government consumes wealth. The private sector produces wealth.

            This is just plain stupid. So the government building roads “consumes” wealth while stock traders minuplating the prices to buy and sell at “produces” wealth. The idea is not an either or – it is to show how stupid your black and white Mises world is.

            Oh,oh, oh – I know the Mises answer. The “private” sector will build a road and it will be better because the private sector built it and they always do it better because they are the private sector. They will do everything the government will do and do it better because they are the private sector.

          • DaveH

            Thank you, Mark. The more you Liberals post, the more the readers can see what Liberals are made of. Your posts accomplish more for waking up the readers than all the lip service I could give when trying to describe the Liberal mentality.

          • DaveH

            What an ignoramus you are, Mark. Yes, the road building consumes wealth, since the Government takes those dollars from somebody who could have built the same roads better and cheaper, or somebody who could have paid somebody else with those dollars to build the same roads better and cheaper.
            Let’s say one guy1 (private sector) can build a stretch of road as well or better than guy2 (government), and at half the price. If we give the road building contract to guy2 (government), half of that money has been consumed. Get it Ignoramus?
            Somebody help me please, I think I need somebody to translate my comment so that even an 8th grader can understand it, so as to make it understandable for Mark.

          • Mark

            Government would have disappeared long ago if it was net drain on society. Obviously, government at some level is providing services that enhance society and are worth paying for.

            Well, there are several points on this that you seem to conveniently overlook.
            1) Yes, on some basic levels government should be providing some service to its people. Things like infrastructure, which is what gas taxes are supposed to support.
            2) The government doesn’t provide enough services to the productive individual to make the taxes collected worthwhile. This is generally due to the fact that individuals don’t have money to pay groups to lobby for them to their senators and reps. Big crony corps do.
            3) The government has a few things called an army and “law enforcement” that perpetrates violence against those whom the government doesn’t like. Try skipping out on your federal income taxes or property taxes for a year or two & see what happens. Better yet, don’t pay on your student loans for a while & see if a SWAT team knocks down your door. Again, the cards are stacked against the citizen.

            In short, the government is a self-perpetuating beast that, I don’t believe, the country actually can do away with. This is for the simple fact that the government is too strong for its citizens to overpower (point 3 above). It doesn’t matter if the citizens of this country want the government around, it is here by force. That’s why the government hasn’t disappeared.

          • DaveH

            That is the dumbest thing I think I’ve ever heard:
            “Government would have disappeared long ago if it was net drain on society”.
            That’s like saying “Theft would have disappeared long ago if it was a net drain on society”.
            Liberals can spew their Lip Service all day long, but the proof is in the pudding. Smaller Government vs. Bigger Government:
            http://www.heritage.org/index/ranking

            Experience is the best teacher (unless of course you’re a Hoping and Dreaming Liberal).

          • DaveH

            For those who would like to break free of Liberal ignorance:
            http://mises.org/daily/5773/In-Praise-of-the-Capitalist-1-Percent

          • MJG2112

            Oh, how I love the “GE is not taxed” example. If GE issued dividends, it certainly was taxed. People tend to forget that C corporations are taxed double on their earnings, First on the company’s 1120 and second on any dividends distributed via the recipient’s 1040. So, any dividends issued are typically taxed at a 49% rate; 35% for the C corp and 15% for the dividends.

            I do not know off hand why GE did not pay taxes on its 1120. Did they have a current period loss or a previous period loss carryforward? If so, there was an economic reduction to equity which resulted in the company not paying taxes. (why should a company pay taxes if they lost money?) Again, I am not sure of the reason; does anyone know?

          • MJG2112

            It has been a long day.

            35% on the 1120 + 15% on the 1040 = 50% tax rate paid by C corps, not 49%.

          • Mark in LA

            Lets help DaveH:

            Let’s say one guy1 (private sector) can build a stretch of road as well or better than guy2 (government), and at half the price. If we give the road building contract to guy2 (government), half of that money has been consumed. Get it Ignoramus?

            First of all this “example” doesn’t even make any sense as proof of anything. What if guy2 can do it at half the price of guy1, doh, doh, doh (no proof at all). Hey ignoramous all you posted is a stupid hypothetical. Just because some moron posts it on the Mises institute web site doesn’t make it a fact. You do know the difference between a fact and an assertion. That is why you people are so stupid you don’t know the difference. The Mises institute takes it on FAITH that government is always more inefficient than the private sector. Do you understand that what they assert can never be proven? In fact it can easily be refuted by one anecdote:

            I am involved with a lawsuit where our neighborhood group is sueing to stip construction of a charter school in an area already full of schools and adding to the congestion. We have to transcribe all city council meeetings for the court. The city of Los Angeles was the cheapest transcription service by half. Therefore, if you know anything about logical proofs, I need only one counter argument to show that the Mises assertion is bogus and as stupid as you DaveH.

          • http://www.boblivingstonletter.com/ Bob Livingston

            Dear Mark in LA,

            You write: “Where do these morons come from?” and “Hey idiot…”

            Let me remind you, from our comment policy: “Make your case passionately, but civilly. Please don’t stoop to name calling.”

            First, you win no one to your side with silly, playground name-calling. Second, the length of your leash is shrinking.

            Best wishes,
            Bob

          • C. R.

            Fact is the tax rate is higher now than many years in the past. What with NAFTA and other Democratic regulations and impositions, who can blame anyone or any corporation for looking outside. I live in CA and have had business friends move to other states for the very same reasons – high costs of doing business. These corporations need to make money whether here or elsewhere, just as you do in a job. You have the right to move to another job for better pay, haven’t you? Sure, what’s the beef. We need a business climate that allows them to operate here. Corporations carry about 40% of the tax budget. What do you carry? What about the 40+% who pay little or nothing? Is that fair? Definitely not. Please get your facts straight!

          • DaveH

            I don’t know what you hope to accomplish, Mark. Unlike sound-bites on TV or brief encounters with acquaintances, the people who read this site have plenty of information with which to make intelligent decisions. I can guarantee you that those who read the articles we post will have their eyes opened, so you might as well save your propaganda for forums where it might work.
            All you accomplish here is to show the readers your lack of knowledge.

          • Lee Baldwin

            Mark in LA, is going to vote for Harrison J. Bounel aka Barry Soetoro aka Barrack Obama-AGAIN. Hey Mark in LA, what do YOU think about people that have so many names being possible CRIMINALS? For the record, I have owned and operated my own business. When the government raised my corporate taxes, I fired one employee. GOT IT?
            the word is CAPITOLISM. It works, unlike most all in Washington DC these days.

          • vicki

            Mark in LA writes many things showing clearly that he is liberal and beyond the reach of logic. Bob correctly chastises him for ad hominem attacks on other posters and reminds Mark of the rules. I personally think Mark should be allowed to continue to make such statements (absent actual profanity or threats) as they clearly show the lurkers and others here the nature of the disorder called liberalism.

            I also noted that Mark NEVER provided even a single link (Hint you are allowed 1 per comment without being “moderated”) to back up any of his obviously wrong assertions. This is another trademark of liberalism. They make wild claims that often appeal to emotions but provide no evidence. Mostly cause like a certain famous birth certificate, they don’t have any.

            For instance Obama claims that capitalism has failed everywhere it has been tried. He gave no evidence while supposedly being the President of the most obvious example of capitalism’s dramatic success.

            Hey Mark. Do something novel. Go start a company. Any company will do. See just how much fun it is to deal with all the government regulations and taxes. This “education” will put you far ahead of obama.

          • Robert Smith

            MJG says: “People tend to forget that C corporations are taxed double on their earnings,”

            No they aren’t. Since they were declared “people” they should pay their fair share.

            Rob

          • Mark in LA

            vicki – I am not the one making illogical unsupported claims that I think are intelligent. My job is merely to pint out how follish they are. To wit, the initial claim that it was the “high cost of corporate taxes” that cause companies to offshore jobs. Yet, the GE effective tax rate for last year is well known and documented and GE is offshoring with abandon. How then would lowering its taxes a pittance compensate for the savings in labor costs by paying people 50 cents an hour?

            Now if you were an actual conservative such as I, you would be against offshoring as is Pat Buchanan and for the same reasons as he.
            Instead you swallow the corporate propaganda hook, line, and sinker.

          • Mark in LA

            Vicki – I think I have finally figured out how the rest of you people might actually “get” what is going on:

            The GE board of directors is having their meeting. The subject of moving another factory offshore comes up. They quickly decide to do it to take advantage of the 50 cent an hour labor. The problem is they realize the PR would be bad since the American plant is still profitable and 70% of their products end up sold in the US market. They get their PR people to come up with a cover story.

            One guy pipes up, I know lets blame the government. Another says lets blame the high corporate taxes. Another says lets blame the unions. Soon they all come to a consensus and issue a press release that the “reason” they are moving is because they were “forced” to. Got it. It is a cover story to cover their attempt to line their own pockets with big bonuses for moving jobs offshore.

          • vicki

            Mark in LA demonstrates an abysmal lack of understanding of economics by writing:
            “It is a cover story to cover their attempt to line their own pockets with big bonuses for moving jobs offshore.”

            It is their DUTY to make product at the lowest practical price. Government taxes is just ONE of those costs. Labor costs is just another. Even their bonuses are a cost of business. Now ask yourself why they waited till recently to take advantage of the lower labor costs overseas. Labor costs are higher overseas then in the past. So what is the motivation?

          • Kevin

            Mark in LA says:
            December 13, 2011 at 9:48 am

            DaveH – the Mises guy who just repeats gibberish he reads without thinking. Hey we even got an old Reaganism:

            And most of all, Companies don’t really pay taxe — People pay taxes. When companies are taxed, they have just a few choices. They can raise their product prices (if the market will allow).

            Well Dave lets try a thought experiment if you can follow it. I work for a company who pays me a salary.

            Nice try Mark in Louisiana. You pulled the typical liberal switch-a-roo verbal misdirection. Either you don’t KNOW you did, or you are just plain lieing, which liberals often do, just like at Bill Clinton and Obama and you will see it is true. This started with Robert the Liberal whining about those EVIL corporations moving their business to more friendly tax environments and then FreedomFighter pointed out that they move out due to burdensome tax rates, which is the truth, American businesses by the HIGHEST CORPORATE TAX RATE OF THE TOP 20 COUNTRIES IN THE WORLD. No wonder they move out of here, just like how they are moving out of Leftist controlled California and it’s high tax rates. But I digress, then MarkH made the correct point that businesses don’t pay taxes because they pass the tax to it’s customers, etc. Mark in Louisiana, you COULD NOT refute that, so you enacted some verbal subterfuge with your example of your employer deducting taxes from your pay check. BAM, CAUGHT! I caught you with your sophistry. The subject of the conversation was about CORPORATE TAX RATES, and since you could not counter it, you subtlety started talking about INCOME TAX using your paycheck example. In other words, YOU STARTED TALKING ABOUT A DISTINCTLY DIFFERENT TYPE OF TAX! YOU ACT LIKE SINCE THE COMPANY IS GIVING THE MONEY TO THE GOVERNMENT, THAT MEANS THE COMPANY IS PAYING IT. NO! It came from YOUR CHECK, so YOU ARE PAYING IT. CORPORATE TAXES COME FROM THE COMPANIES INCOME, PROFIT, INCOMING MONEY, ETC., the same money that your paycheck comes from. And if they FIRE YOU, and hire someone else, THEY ARE THE ONES PAYING THE INCOME TAX, NOT YOU or THE COMPANY. They would NOT be paying that money to the government unless they were paying YOU to begin with. The bottom line and point is that YOU are acting like INCOME TAX and CORPORATE TAX are the same thing as deductions from your pay check and IT IS NOT THE SAME. And the very bottom line is that YOU are WRONG.

        • Robert Smith

          Freedom posts: ““allowed” wtf they are international corps when tax rate is to high in american they move…”

          They should be taxed on the money they make in America. It is America that has supported their ability to make money, not Switzerland. If they make money in Switzerland then the Swiss are entitled to their tax. If they make money in America the tax should be paid here.

          It’s that simple.

          Rob

          • Capitalist at Birth

            You sir, are ignorant of economic history and the facts. I would be very sorry for your state of mind, but it is your fault not mine. Have you ever read “Animal Farm” by George Orwell? Your parents failed in your education. I guess you can blame it on them.

          • vicki

            Robert Smith writes:
            “If they make money in Switzerland then the Swiss are entitled to their tax. If they make money in America the tax should be paid here. ”

            Isn’t that how it is done now. That is the REASON companies are moving overseas. Switzerland corporate taxes are lower.
            https://secure.wikimedia.org/wikipedia/en/wiki/Tax_rates_around_the_world

        • patrick H.T. paine

          “ To conquer, first DIVIDE! “

          Such concern for the poor is touching, Mr. Ringer, of course I am confused as much by your confusion as I am by the NEWT, who seems to think that the “dignity of work” which he would like to share with “the poor” somehow applies to him………as if what either of you do, actually qualifies
          as “work”? What do you produce, except hot air and divisive rhetoric, BUT
          let’s go through your questions and see what happens?

          How does increasing America’s debt by $4 billion a day help the poor?

          Clearly you you can not deny that the primary use for the poor, historically has been the opportunity to be used as “cannon fodder”, in this case to serve
          the interest’s of the oil companies, at tax payer expense. Now while it is true
          that none of this “work” is productive in any sense, there are a lot of people engaged in this sector known as the “military industrial complex”, and I’m sure that in addition to the people employed in this sector, you have also
          benefited having another topic to offer an opinion on?

          How do more than 40,000 pages of tax regulations — regulations that take time and money away from job creators — help the poor?

          Historically, the IRS has been the largest employer of any government agency……with maybe the exception of the military, and until recent times
          just think of all the paper generated to COMPLY. Not to mention the seasonal jobs for companies like HR Block, where the ignorant or
          “stupid” poor people, pony up $25. to file an EZ 1040? We will also
          add all the accountants and lawyers and lobbyists……again, you are right
          because this is also not productive but think of all the hot air you have been able to produce because of it?

          How does an $800 billion “stimulus bill” — which turned out to be nothing more than a wish list of political pork — help the poor?

          Well the money had to go somewhere, and someone got paid for something,
          including you…..and here maybe something “productive” was produced….

          How do regulations that prevent oil drilling and coal mining — activities that could create a massive number of jobs and reduce our dependency on foreign oil — help the poor?

          Well unfortunately, not so massive a number but here the prevention is clearly a help to the poor……if for nothing else than the health care benefits
          of not being subjected to the enviormental contamination……

          How does destroying the housing market through government-created failures like Fannie Mae and Freddie Mac help the poor?

          Is home ownership NOT the american dream? BTW do you think this program included the legally authorised NINJA loans that eventually caused the crisis we are experiencing? Or the greed that produced the
          derivatives which created trillions of imaginary wealth whose neccesary destruction is being delayed, while the perpretrators are escaping any responsibility……..so the actual question is: how did this economic BOOM
          help the poor? How did sharing it with the rest of the WORLD ( by forcing foreign banks to accept these financial instruments ) help the poor?

          The answer is Mr. Ringer, there are a lot more POOR and many like yourself, who talk about productive work without knowing what it is or having actually done anything productive?

          But, I shall end this little analysis by offering you a hard FACT which needs to be incorporated into your mindless screed of things to consider…….

          “In the period between 1982 and 2002, US steel production grew from
          75 million tons to 102 million tons, while the number of steel workers
          declined from 289,000 to 74,000.

          In 2010. manufacturing workers in the united states were producing
          38 percent more output per hour than in 2000. While output has remained fairly stable, employment has declined by more than 32%.”

          These FACTS would seem to suggest that the actual PROBLEM has not been determined…….but maybe you help clear this up for the rest of us?

          You see it does not appear that GROWTH is a solution, and this becomes
          even more absurd when one attempts to actually define what it means if
          it were actually required to be “productive”?

          “Do not ask for whom the bell tolls……………”

        • Richard A. Schwartz

          What can you expect from a person who never had a job. Only worked for government and democrats. Either he is crippling the country on purpose or accident. Take your choice. The election in ’12 will be brutal. The stakes are high and dummy will have 1 billion to go after republicans. What scares me is the amount of people who are on various government assistance programs. Those people hold the key.
          A handsome man,beautiful family, eloquent speaker with the wrong ideas for the US. Why is it when he opens his mouth on world stage he comes off as incompitant? His kind of brilliant we don’t need

      • Lost in Paradise

        It don’t, however if the business climate in this country was friendly like it used to be, business would have remained here.That would help the poor. If Unions did not demand too much for wages, and retirement plans, companies would not seek a cheaper place to operate. Our current government, is like huge fat pig, and its time is come to be slaughtered. The democrats,and liberals are all dying of DUMBNESS. It is incurable Stupid begets Stupid.

        • HarryButtle

          You either don’t know what you’re talking about or you are intentionally lying.

          By this measure, federal taxes are at their lowest level in more than 60 years. The Congressional Budget Office estimated that federal taxes would consume just 14.8 percent of G.D.P. this year. The last year in which revenues were lower was 1950, according to the Office of Management and Budget.

          In short, by the broadest measure of the tax rate, the current level is unusually low and has been for some time. Revenues were 14.9 percent of G.D.P. in both 2009 and 2010.

          Yet if one listens to Republicans, one would think that taxes have never been higher, that an excessive tax burden is the most important constraint holding back economic growth and that a big tax cut is exactly what the economy needs to get growing again.

          http://economix.blogs.nytimes.com/2011/05/31/are-taxes-in-the-u-s-high-or-low/

          You’re being played.

          • Capitalist at Birth

            Talk about being played. Why is the Federal Government spending 25% of GDP? That is the problem, as any first year economic student will tell you. Government does not create jobs by spending more than it takes in. That act in itself destroys jobs. How many books on economics have you ever read? My guess would be very few if any.

          • Aurelio

            I got it. What about a smaller government consuming less of our tax dollars? Because the solution coming from the left it is always to raise taxes, and raise taxes, on the rich on the poor, on my mother! We, the people, have to cut our expenses and balance our budgets. Why not the government?

          • DaveH

            Harry says “You either don’t know what you’re talking about or you are intentionally lying”.
            Why is it that ignorant Liberals must always stoop to personal attacks? Could it be that because they are bereft of facts, they must resort to personal attacks? Of course it is. Federal tax revenues are just one portion of total taxes.
            Here is some reality:
            http://www.usgovernmentrevenue.com/revenue_history

          • DaveH

            And Note that Revenues aren’t the whole picture. In the broad scope of things, what really counts are Expenditures. Whether funded by taxes or by borrowing, we will eventually pay:
            http://www.usgovernmentspending.com/spending_brief.php

            Note that Government spending now accounts for 40% of the GDP.
            In the 1950s it was 23% of the GDP. And those of us who lived in the 50s did quite fine without 74% MORE Government.

          • Robert Smith

            Capitalist posts: “That is the problem, as any first year economic student will tell you. Government does not create jobs by spending more than it takes in.”

            Really… Building roads, dams, parks, and our military doesn’t create jobs? Hmmmmm, guess all that production for WWII didn’t dig us out of the depression either.

            I don’t know what economics you studied, but it’s not the same as reality.

            Rob

          • C. R.

            Duh! With such high unemployment there are no taxes being paid and that equals less tax income to the Feds. Simple math here, my dear. Go back to school and get your brain filled with real live facts and not drivel.

        • Robert Smith

          From truly Lost: “It don’t, however if the business climate in this country was friendly like it used to be, business would have remained here.”

          Taxes are lower than since the 1950s. BTW, in the later 1950s the tax rate was 90% for some. Yet America prospered.

          Did you hear about the 12 cookies on the table? The CEO took 11. Then he said to the Tea Party guy, “You better get that cookie before the union guy does.”

          Rob

          • Capitalist at Birth

            Is that why the first thing JFK did was lower corporate, individual, and capital gains taxes when he took office? If you think that stealing the wealth of anyone is moral, you are not a moral person. That means you are immoral.

          • Doug

            Well then I guess we will be fine because the union will have to wait to get their orders to go get the cookie why the free employee who is not part of the Communist Union walks right over and gets it!

          • DaveH

            You’re mixing apples and oranges, Robert. When the income tax rates hit 91% (before 1964), there were few people who actually qualified for those higher rates. To qualify for the 91% bracket, a person had to make the equivalent of $2.9 million in today’s dollars.

            See here for Federal Income Tax rates back to 1913:
            http://www.taxfoundation.org/files/fed_individual_rate_history_nominal&adjusted-20110909.pdf

          • steve davis

            ROBERT WHY AND HOW COULD AMERICA PROSPER in the 50′s with such a HIGH TAX RATE ????? the REST OF THE WORLD BUSINESS INFRASTRUCTURE WAS BOMBED TO H#LL and BACK THERE WAS NO WHERE ELSE TO PURCHASE GOODS !!!
            THIS IS WHAT YOU LIBS SEEM TO FORGET CONVIENTLY was their any industry left in Germany after we were through ?? no ,Japan ?? germany too care of the english industry with the blitzkrieg and what industry russia had (how ever backwards it was ).WE WERE THE ONLY SHOW IN TOWN !!! EVEN AN IDIOT can sell widgets if the competition is sitting in a smoldering crater !!!

          • Robert Smith

            From Capitalist: “If you think that stealing the wealth of anyone is moral, you are not a moral person. That means you are immoral.”

            But taking wealth through taxes from those who have not produced anything except paper to achieve that wealth…

            You are confusing those who earn wealth by producing a product and those who steal it.

            Last I heard stealing wasn’t “moral.”

            Rob

          • DaveH

            And the country prospered in the 1950s because the Government Spending (Taxes + Borrowing) was much a much lower portion of the GDP than it is now:
            http://www.usgovernmentspending.com/spending_chart_1950_2011USb_13s1li011mcn_F0fF0sF0l_US_Federal_State_Local_Spending

            In 1950: Total Government Spending was $72.7 Billion; GDP was $293.7 Billion. Government Spending was 25% of GDP.
            In 2010: Total Government Spending was $6,419.5 Billion; GDP was $14,551.8 Billion. Government Spending was 44% of GDP.

            Thank you, Robert, for admitting that the country prospered when Government was much smaller.

          • JeffH

            Robert, what you forgot to mention was that the union took all 12 cookies which meant that the CEO had to increase production to make up for the unions greed which increased production costs which meant an increased cost to the consumer which means the consumer must decide whether to spend the extra money for the same product or seek out a cheaper alternative. The CEO attempted to move the company to a “Right to Work” state but the NLRB and the government wouldn’t allow the CEO to move. The NLRB arbitrator just happened to be a former union president who’s former union has donated to date $600 million to the political party of choice and was appointed by the administration as the lead labor czar.

          • Robert Smith

            Another made up story from the right. No names, no citations, and no point.

            Rob

      • Nadzieja Batki

        What is your concern for the poor?
        You have jumped on the “savior of the poor” bandwagon along with the rest of the Socialists/Humanists/Leftits or whatevers to make yourself a good living by supposedly helping the poor?
        The poor did not ask for your help but the lazy did.

        • DavidL

          Jesus said help the poor and needy. The Koran says help the poor and needy.

          • Nadzieja Batki

            Go reread the Bible and the Koran. They do not tell you to be busybodies or meddlers in other people’s lives. If you read correctly, the fields and the orchards and vineyards were not to completely harvested. The poor were to go to work and gather the remains. How much they gathered was at their own discretion to keep, to sell.

          • Firefly

            Yes, widows and orphans (those unable to work would be considered here too) but nowhere did Jesus say “Give your money to government and let them do it for you!”) Has it not occurred to anyone that God has chosen the Democratic party and a few Republicans and Barry Soetoro to be the ones to punish the world for all it’s sin and evil (not just the USA but the world) just as God used the enemies of Israel to punish them when they insisted upon living in sin and doing their own thing? Our greed and avarice and immorality have far surpassed Ancient Israel and we are all living on borrowed time.

            NO ONE is going to be UNAFFECTED by the Hand of Righteous Judgement that will soon be felt upon the USA, and the earth. (God is always there if you turn to Him for guidance and direction but even the Bible says He chastises those He loves – so they will learn). The 30, 60, or 90 years you live here will be gone in a day (ask anyone over 80 if you don’t believe this) and then you will discover the truth. In the meantime must we leave this country in a broke and broken condition so our children and their children will be no better off than the rest of the world? Already tens of thousands leave the USA every year, are we trying to make it millions? If so, then why do we have open borders and allow millions in to replace them?

            WAKE UP PEOPLE! You don’t have a lot of time to prepare – for anything! Many are saying that next November’s election will be the most important OF OUR LIVES! Will we turn to socialism and end up as poor as Cuba or will we return to the God of our forefathers and His righteousness and rebuild our broken land? There seems to be little middle ground left. Do we have a year, three, five? I have no idea but the owners of the FED, and the Congress, have already created the conditions that will result in painful inflation and that is going to hurt everyone, the poor most of all. It has already begun in the price of food. Laugh at all this if you must but copy this and save it and you will one day remember that you were warned. May God help those who care!

          • Robert Smith

            From Firefly: “Give your money to government and let them do it for you!”) ”

            What about “Render unto Cesar?”

            Leaving the poor out in the cold just doesn’t look christian to me. Guess YOUR brutal version of christanity differs from what others believe.

            Rob

          • DaveH

            Jesus said, DavidL, to help the poor and needy with your own money, NOT other peoples’ money. To help with other peoples’ money, David, is not Compassionate but instead THEFT.
            Besides that, it just doesn’t work. Taking money from one group of people and distributing it to another results in the former group working less, and the latter group working less. So we get fewer goods and services, and we all get dragged down.
            What Liberalism is really all about is ENVY, plain and simple.

            Real life results of Biggest Governments (those at bottom of list):
            http://www.heritage.org/index/ranking

        • Robert Smith

          From Nadzieja: “The poor did not ask for your help but the lazy did.”

          How do YOU get to decide who is poor and who is lazy? Those illegal drugs don’t move themselves. It takes work… The only work that is available for some. Numbers, prostitution… None of them are for the lazy. They are for the despirate and disinfranchised.

          BTW, what about corporate crime? Occupy folks have had hundreds arrested, but those who got us into this mess… They haven’t gone to jail.

          Rob

          • Capitalist at Birth

            I think the solution to the problem, is to eliminate the poor! Put that in your pipe and smoke it.

          • Doug

            They unlike the scum bags OWS crowd are not breaking the laws. You say corporate fax rate is the lowest in years, thats BS! Hell just the money they have to put in the politicians organized crime unit is enough taxes. But here is something you should think of the more you tax the corporation the more they raise the price of their goods. Basic economics but then simple answer are way over the head of you highly communist educated liberals! The Federal government and many state and local governments are nothing but organized crime. Another point if unions are so good why don’t they start their own companies why do they have to be parasite and suck the blood out of the host?

          • George E

            Rob,

            If you’re referring to Chuck Schumer, Barney Frank, Nancy Peloci, Harry Reid, and company, you’re right. They should all be tried and publically persecuted for passing those God-awful home lending laws. And the big banks that forgot their morals and ethics and crawled into bed with these politicians to make a buck, should get the same treatment. They’re all just a bunch of pimps and whores.

          • Robert Smith

            Posted: “They [corporate thieves] unlike the scum bags OWS crowd are not breaking the laws.”

            Neither are doctors who prescribe pot in over a dozen states or do abortions. What’s your point? The “laws” are screwed up. We need to get corporations under control.

            BTW, for pot and abortions… They are freedom in America. If you oppose them you are IMO unAmerican.

            Rob

          • Doug

            Smoking pot I am not worried about killing babies I am! And when you have the Demorats saying they are looking out for woman is BS! It a money making machine. Plan Parenthood was bascially brought into existance by a racist woman who wanted to make sure they killed as many black babies as they could! And you can be sure the biggest organized crime syndicate the US govt. is getting all kinds of money kick backed to them!

          • C. R.

            You don’t have a clue how real life works. Perhaps you would like to take yourself and family to another country that suits your ideas or lack thereof. America has always tried to take care of the poor, but there are enough lazies out there on supposed “entitlements” that are not such, but our charity, who have no desire to get up everyday and go to work. Just take a poll on the streets where you live of those panhandling, and lying around all day eating, drinking, and reproducing on our dollar but when offered a job, say no way! I have done this and you should too so you know truth and fact from media hype and lack of thinking and reasoning on your. In other words, back up your statements with facts, not ideals of utopia (which by the way would not work in real life). The Constitution grants each of us legal citizens in America life, liberty and the pursuit of happiness. Nothing more, nothing less, which means get out there and do something for yourself and not look to your neighbors to take care of you because you don’t want to. Having lived in other countries, the poor there just lie down and die. We do try to avoid that in America. You just do not want to admit you know nothing about anything important.

          • Robert Smith

            From CR: “Perhaps you would like to take yourself and family to another country that suits your ideas or lack thereof.”

            No thanks. Many other countries do have theocracies and I want no part of religion running government.

            That includes the American Taliban, the extreme religious right. Maybe I should go back to spelling that ” religious reich.”

            Rob

      • Aurelio

        The question should be: Why the poor is poor, when the individual is not disable, or extremely old and frail? The ones who went to school and finished instead of dropping out, made it. The ones who got here from a communist country and worked hard, and saved, prospered. I worked two full time jobs for more than 15 years, until eventually saved enough to open my own business, while teaching myself 4 languages and becoming a first class translator. Poor people in the United States are millionaires compared to the same person in other countries.
        I come from a communist society where the government owns everything, including the people. People that only have known hunger, despair, and total hopelessness; whose only hope is to escape one way or the other, even if it means the possibility of drowning in the ocean or being eaten by a shark. A stagnant economy since January 1959. The former Soviet Union tried this for about 70 years, and had to drop it; so did the Chinese, and even the Vietnamese. For some people in America to even conceive the notion of anything else, but capitalism, is just evidence of sheer ignorance. History teaches about the mistakes of the past, and Geography, about where that tragedy took place; two very important topics that people prefer to ignore. Confucius used to say: it’s very dangerous when a misinformed mind gives an opinion.

        • Navigator30

          You are so right! Those who fail to learn from history are condemed to repeat it.

          • Robert Smith

            From Navigator: “Those who fail to learn from history are condemed to repeat it.”

            What have we learned from the Bush wars that have cost trillions?

            What have we learned from the Gulf spill?

            What have we learned from taxes going to Switzerland rather than America?

            Rob

          • Doug

            You know come up with something new the Bush wars I did not see Bush going off into a country and fighting a war without the approval of Congress. Can you say the say about the illegal alien in the WH now. So Bush sucked get over it so now that Obama is the worst president ever like a little kid you blame it on someone else grow up and growing a pair you whinny liberal!

          • DaveH

            Good questions, Robert, what have you learned from the Bush Wars? Did you criticize Obama’s Unconstitutional excursion into Libya?
            What have we learned from the Gulf spill?
            We learned that instead of a quick response and letting foreign companies help us with the cleanup, Obama would rather play politics. We learned that an oil rig had a rather suspicious rare failure:
            http://www.canadafreepress.com/index.php/article/22667
            We learned that an entire industry relatively devoid of Union workers could be shut down, based on a rare accident, by the Unilateral decision of a President. Thus putting thousands of workers out of work at a time when the economy is dragging.
            What have we learned from taxes going to Switzerland rather than America?
            We’ve learned that productive human beings who have invested their money in businesses will only take so much abuse before they go elsewhere.

        • Ted Crawford

          Excellent post Aurelio!
          Comming from a welfare family I can assure you that the revages of welfare on the individule family parrallels that of Socialism on Nations!
          I’m the oldes of a family of 6, our father left our mother when i was about 4. From then untill I was 7 I lived with my family in government housing. At seven because of educational factors I went to live with an Aunt and Uncle. They taught me a work ethic, when I visited my brothers and sisters I tried to share that with them.Appearantly I’m not a good teacher!
          My brothers, after very short working adventures are both on “dissability?”, and my sisters never left the entitlement fold!
          I recently retired from a job that provided my family with a good lifestyle, and now my wife and I with a decent retirement income!
          Sympathy KILLS, Empathy- BUILDS! Huge, huge difference!

          • Aurelio

            Ted, you should be proud of yourself. It takes courage to break away from a culture of dependency, because culture is very much like brainwashing; “you live here, and this is what you are”. We don’t choose our biological make up, nor our name, nor our religion, not even our culinary taste, all of it is given us; therefore, the ghetto is not a geographical location, it is a mental attitude. And you brought down those walls!

          • George E

            Ted,

            Great story. Thanks for sharing. That’s one of the great things about America. If you want to improve your condition, and you work at it using some intelligence and sense of decency and ethic, you can succeed here. It isn’t easy, and doesn’t come quickly to most people, but with perseverance and drive it will happen.

          • MJG2112

            Ted:

            At the risk of being redundant, I also want to thank you for relaying your story. Welfare is a critical component of a governmental system and I do not believe even the most conservative of conservatives would advocate completely removing this societal safety net. However, as you and others have pointed out, welfare is designed as a temporary stop gap measure to be used only until a person is able to bootstrap him or herself out of temporary bad times.

            However for many welfare today has become somewhat analogous to drug usage. It can change a person’s perspective from being an independent productive citizen to an addict who is dependent upon her or his dealer (politician) for a weekly fix. Politicians (or dealers) typically do little to break the addict’s habit as the addiction becomes a power base to the elected parasites.

      • Jeff Potts

        Rob:

        It doesn’t. Lower the corporation tax rate and let those companies build and prosper here in the United States. We have constructed a Berlin Wall to keep business inside here. It didn’t work for East Germany and it won’t work to keep even companies hostage.

      • MJG2112

        What many do not realize is that corporate taxes are part of the company’s cost structure and as such, corporations may be viewed as not actually paying taxes. Instead, corporations attempt to pass their tax assessment to the consumer through higher retail prices. However, foreign companies with lower corporate tax rates and / or lower labor rates tend to have a competitive advantage in pricing that in some cases results in US companies being forced to absorb their inefficient cost structure.

        So, what does this mean?

        1. If the corporation is able to pass 100% of its tax into its retail prices, the end consumer is the one who actually pays the “corporate” tax. This pass-through has no bias among economic classes which results in the poor shouldering a disproportionate amount of the “corporate” tax (wealthier individuals have a much higher savings / spending ratio)

        2. If the corporation is not able to have 100% of its tax included in its retails:

        a) Other internal costs will be reduced (i.e. labor reductions through pay increase limitation / freezes, higher production standards, changing to an overseas-based operation) and/or

        b) Earnings will be decreased resulting in lower stock values and a higher capitalization rate (higher costs) for public corporations. These higher costs result in greater inefficiency.

        c) Of course lower stock values / returns also have a significant impact upon a company’s (and state’s) ability to fund pensions through investments, insurance rates (including health care cost), and an individual’s ability to retire, and many other issues.

        These are just a few issues related to corporate taxes. In reality, there is an extremely complicated relationship between individuals and corporate entities but there is no denying that this relationship does exist. The old saying “What is good for GM, is good for America” is very much as true today as it was during the time of its origin

    • justice and fairness

      without government intervention the greed of the rich will destroy the the honest hard worker. for the the of money is the root of evil

      • Navigator30

        You are forgetting that the Housing debacle came about because of government insistence that banks make loans to folks who had little chance of paying them back with the assurance that Fannie Mae and Freddie Mac would take those loans off their hands. Did you forget that Bernie Madoff survived TWO SEC audits and got a clean bill of health despite having been warned that he had to be running a scam to promise those kinds of returns?

        • Robert Smith

          No, Navigator, you are wrong. “Conservative de-regulation left Wall Street with no cop on the beat. Bush’s conservative appointees rolled back regulation and oversight of banks, insurers, lenders, and credit raters. – The explosion in subprime loans after 2000 were made by unregulated mortgage companies, and the vast majority of them were issued to higher income borrowers, not low- to moderate-income borrowers.”

          That’s from: http://howdidthishappen.org/myths/

          I suggest you read the entire page.

          Rob

          • DaveH

            No, Robert, YOU are wrong. The Housing Bust followed a confluence of Government intervention that started with the Community Reinvestment Act, and was spurred on by various other Government follies including easy credit from the Federal Reserve.
            There has been no Deregulation, only different regulations by a meddling Government:
            http://reason.org/news/show/the-myth-of-financial-deregula

        • Mark in LA

          What does Bernie Madoff have to do with the housing bubble other than to show that government regulators were too cozy with the people they regulated and did not do their jobs – that is regulate them.

      • T Johnston

        Money is not evil, only people are. Money is only a tool, just as is a hammer, a saw or a gun

        • Robert Smith

          Apparently some on the extreme right worship money more than their god.

          It has to be true because by much of the christanity I’ve seen they take care of the poor. Unfortunately those on the right seem to not care.

          Rob

          • Doug

            Where do you come up with the BS Robert you know Smith was one of the original families on the Mayflower maybe you should go back and read about the history of the name. You think it the governments job to take my money and decide which charity should get it? I don’t think so we see how that’s been working and the fact you think that only Right Wingers are rich you better pull your head out of the craves you have. The only charities liberals fund is through other peoples money and if they do cough off some of their own then they want to control you and tell you exactly how to use that money. Robert you are the poster child of what is wrong with American (MOST WANTED LIBERAL SCUM)

          • Brad

            And the same can be said about liberals and Democrats. I believe its been proven; individuals on the right tend to give more to charities and groups in need 75% of the time where as individuals on the left give only 25% of the time.

          • DaveH

            Apparently, Robert, you are in that group of Money Worshipers.
            Why else would you and your fellow Liberals be so intently focused on other peoples’ money?

      • Doug

        Really now and the union is your friend and protector right? Again here you have a bunch of morons taking your money living high on the hog while you work your ass off and they sit on their ass and take your money! Then they take some of your money and put it in a bigger organized crime unit then the union the government the top organized crime unit of the US. And yet they all work for the biggest crime and lowest piece of crap Soros you people are stupid stupid stupid.

      • Jeff Potts

        That historically is not true. Take for example the great fortunes built in our own 19th Century. The innovations such as telephone, railroads, and the oil industry while creating stupendously wealthy people also lifted the lower classes until in the 20th Century the US became the dominant economic power in the world. Some of those “greedy industrialists” were responsible for Vanderbilt, Stanford, numerous foundations and parks which exist to this day. Have you noticed that Gates and Buffet have agreed to leave their money not to the government but to an independent foundation. Virtually no one trusts the government to spend their money.

        • Mark in LA

          Charitable foundations are tax scams for the most part.

          • Brad

            Mark,

            Matbe you had better read about this foundation before sticking your foot in your so called face. http://www.gatesfoundation.org/Pages/home.aspx

          • Mark in LA

            Forget what Gates posts about himself it is irrelevent when it comes to taxes. Here is the problem, Gates has billions in capital gains he cannot touch without paying large amounts of taxes. By putting them into his foundation he gets a tax write-off and the use of his money while it is in the foundation. Remember some of his “charitable” giveing was to donate old Microsoft software at full face value and take the tax writeoff.

            Just becaues some of the money actually does some good does not mean it is not a tax scam. The Hughes Medical Foundation was created for exactly that reason to shelter the profits and assets of Hughes Aircraft company.

      • C. R.

        Frankly, I have found the greed of the worker to be worse than any corporation. I do think stockholders and Board of Directors need to reduce greatly CEO incomes and no severance pay of any kind when the company has not succeeded or grown. But greed is everywhere and is part of every human being. Someone wants something someone else has but doesn’t want to have the same, but rob the other. Socialism and communism. Move to one of those countries and let us know how it goes.

        • DaveH

          While many CEOs and other company officers are probably overpaid, unless we are shareholders in those companies, it really is None of our Business.

      • MJG2112

        What about government? Government inflows and outflows exceed that of any private company or individual. If money is truly the root of all evil, wouldn’t that make government the most evil of all? (Perhaps to an even greater extend because government also controls the armed forces?)

        • DaveH

          And Government is the only entity that is allowed to use force to procure its money. Why is that? Why have the citizens ignorantly given Government license to Steal other peoples’ money? Why have the citizens ignorantly given Government license to kill people without due justice?

    • http://www.RobertwFowler.com Robert Fowler

      Capitalism works fine if it is distributed Capitalism. By that, I mean distribute the money through well paying jobs to rebuild the American middle class. Since 1984 Republicans, buisnesses and the Elite have sought to kill of the middle class by moving jobs off shore, decreasing wages, laying off thousands of experienced workers, in order to hire younger educated workers at half the pay of knowledgable workers. Fighting minimum wage, failing to capitlize retirement funds, stealing millions from workers retirement funds, busting unions, going bankrupt rather than pay workers wages that keep up with inflation, while increasing executive pay and benefits from 200% to 700%. Yet workers wages have been stagent or decreased over the last 40 years.
      Yes capitalism works as long as the playing field presents a fair playing field to all participants. But executives of public corporations cannot be paid hundreds of millions and the workers paid pennies on the dollars that executives make. No executive should be paid more than 7 or 8 times what the lowest paid worker makes in the same company.
      Distributed capitalism works, but greed in the name of capitalism, does nothing but destroy the country’s economy, while the greedy elite continue to rob public corporations.
      One other thing, as you kill off the middle class, you are also killing off your customer base. There are not enough elite to buy the millions of cars, boats, airplanes, motorcycles, houses, and etc. that needs to be sold to keep a healthy economy.

  • s c

    There’s no point in pretending that capitalism [a misleading term coined by socialists] is perfect. However, what can’t be stressed often enough is the FACT that it is Washington’s CONSTANT MANIPULATION of capitalism that keeps it from doing what it does so well.
    Enter a manipulating, jive turkey narcissist from Chicago, whose need for constant praise is pathological, and America reacted like a spooked deer in a car’s headlights.
    Actually, America’s response has been more like a deer that has been shot by a hunter. That is, time has run out for the deer. To make a contrived, bad situation even worse, the Self-Anointed Con Artiste expects America to get down on its knees and ask forgiveness for not seeing him as a political god.
    It AIN’T gonna happen, bubba!
    The Anointed Flimflammin’ Jive Turkey has had no small part in America’s planned demise. Obummer’s true role in the last three years is more like a serial killer who tries to get police to think he’s a wannabe civilian ‘detective’ who can help if the police would just get OUT of the way.
    I’ve seen this movie before, bubba. The butler didn’t do it. YOU DID IT. The American people didn’t do it. YOU DID IT. When it comes to turning America around and keeping freedom live, it WON’T be YOU, bubba. And I want my money back. This movie SUCKS.

    • Robert Smith

      How do deravatives help the poor?

      Seems to me a bunch of fat cats trading paper doesn’t do anything but funnel money to themselves and take it away from the economy.

      Rob

      • FreedomFighter

        The fat cats you refer to own Obama, they are using this paper system to create the New World Order,

        Obama could stop them with a stroke of the pen, he does not, because he is part of it, a puppet of the elite.

        Laus Deo
        Semper Fi

        • wally stewart

          amen

        • Robert Smith

          From FreedomFighter… (why do you fight freedom?): “The fat cats you refer to own Obama, they are using this paper system to create the New World Order,”

          Really? And I heard a story that it was the Kaniments who want to cook and eat people. “To Serve Man” was a cook book.

          I didn’t believe that either.

          Rob

          • FreedomFighter

            Those stupid lines have already been pulled out of Dennisios handbook and used on me…bullshi then same now

            Uncle Ted has a message for you:

            http://www.youtube.com/watch?v=vy8RIiTyhMI

            Laus Deo
            Semper Fi

          • Lokiare

            do your research. the Rothchilds and goldman sachs is taking over europe as we speak. Obama is paid and kept in power by wall street and the rothschilds as well as the other bankers. the same bankers that funded hitlers regime…

      • Capitalist at Birth

        The trading of which you are speaking, was illegal until 1998-99 when Bill Clinton and Phil Graham got together and eliminated the Glass- Steagall Act, which was enacted in 1933. I tried to warn people of the coming economic bubble that was coming. They argued that whatever Democrats did was good for the working man. That action along with the CRA are the two major causes of our economic collapse. In 2001 George W. Bush tried to get Congress to reign in Freddie and Fannie to no avail. In my mind George W. Bush was a Rockefeller Republican, just like his father. Both of them were failed Presidents, but neither one is as much a failure as Barrack Obama.

    • Mike W.

      Your right S.C.! The word capitalism is a misnomer. What we are supposed to have is a free and competitive enterprise system. At this moment in time, nothing could be further from the truth. Every business in America is under government scrutiny, regulation & oppressive taxation, save those multinational corporations who benefit from it. If pure competition actually existed, minus government interference, unemployment would be less than 1%, there were would be relatively no inflation and much of what government does provide could be privatized. People would have more choices in such areas as healthcare or even education. Private charities could take care of those in need much better than any government bureaucracy because people would have more money and thus become more generous. Instead, we are straddled with big government that requires more and more money, thus robbing most businesses of capital (in its true definition) that could be used to expand operations and create real, productive jobs.

      • Mark in LA

        And your proof is? Yeah, lets go back to real capitalism with company stores and virtual slavery.

        • Robert Smith

          That isn’t all bad ALL the time either. Check out what Milton Hershey did.

          BTW, I DO NOT support company towns and stores, etc.

          Rob

  • http://deleted Claire

    Will this hatefulness ever end? All anyone has to do is vote him out. Did anyone hear about the Tea Party in Hutchison, Kansas–they referred to Obama as a skunk—half-black and half-white. When I heard this, I thought of his little girls. I wonder if they hear all this hate–it would be hard to shield them from some of the inflammatory garbage heard on radio/TV. I will not call any U.S. president names–Democrat or Republican.
    Yes, he should have worked on the economy/jobs the minuute he stepped into office instead of concentrating on health care reform. Now, nothing will be accomplished since the Repubs are against all legislation put forth. If the Repubs gain control they will pass legislation that they voted against earlier. If the Dems gain control of the House, Senate they will do the same thing. It is a vicious circle. Nothing more than a power play between the two parties. This is disgusting. What a way to run a country—into the ground, literally. Communism? Marxism? Socialism? Dictatorship? Take a good look at all the candidates from both parties. This is not one-sided. Both parties have “backers” that are seeking their own agenda, these backers want politicians elected that will do their “bidding.” The earmarks, the lobbyists, etc. will never end. Honest government? It will never happen, not when there are elected politicians from both parties that constantly work against each other for the so-called “benefit” of their own party. Divide and conquer is the name of the game and America is the loser. Expect more of the same regardless of who is elected. I want my money back too, especially since it has been taken from me by both parties for their pet projects that benefit only their backers.

    • http://deleted Claire

      “minute”

      • FreedomFighter

        Obama is a prefabricated puppet of the elite NWO.

        Obama’s job is to finish destruction of the American economy.

        Universal Healthcare – then overload the system with illegal aliens

        Cronie Capitolism – reduce faith in system, collapse dollar, cause run on banks

        Lawlessness – Holder running guns to Mexican drug cartels – to undermine Americans right to bear arms. Far more under this

        The list goes on and on and on and on…

        If somebody in America dislikes Obama its because he is a NWO puppet destroying the lives of millions of Americans to bring on his New Word Order for Lucifer.

        Laus Deo
        Semper Fi

        • Raggs

          Freedom fighter is absolutely correct…
          oblama IS bringing on the end times by setting the stage for the Anti-Christ to come to a global power.( if it is not himself the anti )…

          The Anti-christ is a Global ruler with the beast being the government.

        • Robert Smith

          Hey Laus…, you say: “If somebody in America dislikes Obama its because he is a NWO puppet destroying the lives of millions of Americans to bring on his New Word Order for Lucifer.”

          Lucifer is pretty much a part of christian mythology and I don’t buy into that brutal religion.

          Quite frankly I don’t want MY country run by a bunch of religious folks who will be comperable to an American Taliban. Religion should be OUT of government.

          Rob

          • T Johnston

            No, you got that backward, government should be out of religion.

          • Lokiare

            I completely agree, we need to get religion out of politics. go to youtube and search ‘bohemian grove full’ watch the pagan ritual they do and then research who attends bohemian grove. even if you don’t believe, they do and they are willing to sacrifice two billion people too… i don’t know about you but i would rather have religious people in charge that want peace and love myself…

          • Aurelio

            I agree. Religion should have no place in politics, and so must “community organizers”.

        • http://deleted Claire

          FreeomFighter–Seems to me a lot of the politicians (Republican and Democrats) are involved with NWO. It is not a one-sided factor.

      • Zack

        Claire while I mostly agree with your assessment I still prefer the Conservative brand of government as opposed to the current occupant in the White House.

        • cawmun cents

          Forgive me for intruding on all of this unfortunate argumentation folks,but isnt this article about how BHO sees a threat to his”higher form of gubment”through his fictitious account of capitalism?
          You are being subtly subterfuged by the black scientists,who think communism is great and America sucks.
          They are effectively duping you into quarreling over the same old arguments in order to draw your attention away from the stated goal. Which is to refute BHO’s idealistic take on capitalism,and re-energize the interest of those who cannot yet process the fact that communism is a failed form of rule.

          Dont let them control the dialog,and dont give in to arguing with democratic socialists about why their system doesnt work.Provide as you do,clear examples of socialistic gubment failure,but do it by attacking BHO,and not those who intend to draw you away from your objective.
          Cheers,
          -CC.

    • Robert Smith

      From Claire: “Yes, he should have worked on the economy/jobs the minuute he stepped into office instead of concentrating on health care reform.”

      But people are DEAD because of our health care system that ranks just about the same as a real communist country, Cuba.

      How can anyome claim to be “pro-life” and not support universal health care like the rest of the industrialized world?

      Rob

      • denniso

        There is a reason that around the entire world,in every first world country,governments regulate their capitalistic economies and have gov’t policies that moderate and control it’s effects…it’s simply because uncontrolled,unregulated capitalism DOES NOT WORK! Sure,it works in the short run and can work well for the top 1%,but not for most of the people in the long run. Gov’ts don’t control and regulate capitalism for their benefit but rather to maintain an economy that doesn’t lurch from boom to bust while leving human workers in it’s path.
        People like Robert Ringer and most Repubs should look at a little history to understand why we have to control and regulate the economy.

        Obama a collectivist?? What a freaking joke! He’s one of the most conservative Dem presidents we’ve had. He’s been trying to get the system to work for more Americans for the past 3 yrs,something the Repubs aren’t interested in,since they are the puppets of the wealthiest elites in the country. Wake up!!!

        Claire, you are right about all the hate directed toward Obama. It’s truly pathetic and should be considered unamerican.

        • FreedomFighter

          Pure talking point propaganda little boys, Or as my daddy used to say

          “bullsh&t”

          This anti obama video should explain all your ism to you.

          http://godfatherpolitics.com/1006/63-year-old-cartoon-depicts-america-today/

          Laus Deo
          Semper Fi

          • denniso

            As if I would watch anything a rightwing nut would post…you said it anyway,it’s purely an anti Obama piece,for the sake of attacking Obama nad nothing more. You people should open your minds just a little and try hard to do some critical thinking for a change. I know your boss Limbaugh doesn’t approve of that so it’s difficult for you,but give it a try.

          • FreedomFighter

            Cool thing is they made the toon 63 years ago…seen you commies coming.

            Obey your master or not, your choice.

            Laus Deo
            Semper Fi

        • GRusling

          If the “Healthcare System” in your purported “1st World Countries” is so great, why do the leaders of those countries and their affluent citizens always come to America for Major Medical Treatment?

          It took my cousin in London over A YEAR to get knee replacement surgery, while here in the U.S. it takes about TWO WEEKS!

          I’m a 2nd Generation American, with the vast majority of my family still in the “1st World Country” of Great Britain. Go blow your smoke somewhere else, because around here WE KNOW it’s nothing but BULLSH!T>>>

          • Robert Smith

            From GR: “If the “Healthcare System” in your purported “1st World Countries” is so great, why do the leaders of those countries and their affluent citizens always come to America for Major Medical Treatment?”

            Because if you can BUY it there are plenty of American doctors who cater to the rich. It’s that simple.

            Unfortunately that isn’t available to most Americans.

            BTW, one can also buy excellent medical care in India if you have the cash.

            Rob

          • denniso

            You can also get good treatment in Mexico for about a third the cost here. We don’t have a shortage of dr’s who will do about anything for a pile of money,we do have a shortage of good,affordable care for working people w/o insurance or even good insurance.

          • Brad

            RS,

            WTF are you talking about, again spouting complete and utter none sense. Lets see my father has had one partial and three complete knee replacements within the past 20 year’s and the only reason he has to get them replaced, they wear out. Yes my old man has insurance to include his disability and SS and to top it off he’s retired military so he’s entitled to VA and Tricare benefits.

        • Wyatt

          Communist rhetoric , sounds like you’ve been brainwashed pretty good . America was built on free enterprise , and that free enterprise system helped win two world wars , not to mention helped keep the rest of the free world free . It has already been shown that Communism does not work , except for those in power who skim right off the top . This country would not have survived as long as it has were it not for a free enterprise system .
          As for Terrell, I don’t know what your analogy of Bill and Jose’s brakes has to do with being a good or bad American . Sounds like typical Occupier double talk and bs. If Jose came to America, legally and did not sneak in illegally, then he is just as good an American as Bill. If he rides around with bad brakes he is an ill-responsable one, as would be Bill for the same offense. Just remember, we don’t ask people to come here, there are no posters saying come to America we will make you rich. People come here for the chance to become better off than they were in there native lands. America offers only one guarantee, and not that of being sucessful . Your only guarantee is that you have the right to fail . You can be rich or poor if you work hard to acheive your goal .

          • Robert Smith

            Wyatt sayd: “America was built on free enterprise , and that free enterprise system helped win two world wars , ”

            Yes, free enterprise where THINGS were produced. The current corpotracy is NOT free enterprise. It’s moving money around on paper extracting it from the middle class as insurance investments are stolen, retirement funds are stolen, etc.

            If we really had free enterprise I’d support it. I can NOT support the current crop of thieves.

            Rob

          • Brad

            RS,

            You sound as if your a fleabagger, down with evil corporations they steal from the poor, get a life and as Newt said TAKE a BATH and THEN GET A JOB!!!

        • T Johnston

          When you take all the money from those “elite rich” and give it to those “suffering poor” just where do you think you are going to find a job after that or are you going to sit on your ass and beg for more handouts robbed from the middle class that you have just made into thre new “elite rich”?

        • Zack

          Dennis you are a true, dyed in the wool, Obamaite filled to capacity with his anti-American vitriolic kool-ade BS.

      • Charles bond

        Government grows so GIG that the people can no longer support it. Healthcare is the same and is being used to control the people because nothing is being done to address the cause and that is greed.There is no way under the sun that health could cost what they charge. So the people will work themselves to DEATH to keep Bigger Government and Bigger Government controled healthcare cost. All you work for will be for over priced healthcare and more Government. So keep Obama and HIS Socialism and you will get HIS CHANGE YOU CAN NOT AND WILL NOT BELIEVE IN. That is YOUR FUTURE.SOCIALISM

      • Navigator30

        I have lived under “Universal Health Care” in the U.K. It is a great system providing you don’t become ill or old. Good luck on getting into a hospital. When I lived there in the 1960s the wait for elective surgery was in excess of 3 months. The Physicians were mostly from Pakistan, India, Jamaica as the British Physicians had emigrated to Canada and the USA. Past 65, they pretty much wrote you off.

        • Robert Smith

          And you expect corporations to be more sympathetic when they have to feed the stockholders?

          Really!

          Rob

          • Capitalist at Birth

            I am one of the stockholders, why aren’t you? I am also very hungry for more wealth. I will bet you want to come steal it, don’t you?

          • Brad

            RS the fleabagger!!!

          • cawmun cents

            Folks,the fact that Barry Husseins community organizing skills are being used right before your eyes has eluded you.
            Talk about how he has gotten the college edumacated folks to round up hobos,the psychologically afflicted,the dope smoking ne’er-do-well’s,and given them a voice by the tactic of union organizing.
            Talk about how those same folks have gone out into the streets and challenged the intelligent voters of America to a game of politically correct behavior.
            Palooking each other in parks,urinating and defecating wherever they go,throwing rocks like school children,breaking windows and spoiling good citizens way of making a living in the downtown areas.
            In an effort to stop capitalism on the waterfront,they go to the ports,dragging behind them the silent reproach of a million tearstained eyes.This is Barry husseins form of gubment,that they are bringing an example of to the livingrooms of America.
            Your job,should you choose too accept it,is merely to point this out to the general public,who for the shouting and posturing,often get confused by the spectacle of it all.
            It should be easy to point these new tendencies out to the public at large,and use that defense as a political hammer to do in your opponents.
            But you still sit on the edge of the sandbox and let them tempt you into childish argumentation over their clearly marxist approach to life in general.
            Just point out the fact that this new movement could be right outside the door of the average citizen,and you wont need to worry about Barry Hussein and his bunch of marxist rebels very long.
            -CC.

      • http://deleted Claire

        Robert Smith–I heard the health care reform doesn’t go in effect until 2014. Dead and dying? This has been going on for years. How can anyone afford health insurance when the prices skyrocket every year. Go after the pharmas, the doctors, the hospitals and complain to them. They are the ones that have taken America for a ride, along with their politician friends.

    • Barbara

      I’d have to agree with you about the verbage although I’ve not heard it but…..this is elementary compared to the viciousness that the liberals and liberal media convey to the public about any conservative. Look how they treated Sarah Palin and her family. I’m sure the Obama girls didn’t miss that and unfortunately the list is endless. I wonder how the “girls” enjoyed their father’s friends calling opponents “son’s of bitches”……liberals have no morals and conscience….it’s time real civility returned to the white house.

      • Robert Smith

        And do you think Newt is going to do that!!!!!!

        Gingrich as the guy who took point on the lack of civility in Congress when he was there. That is pretty much where it all started.

        Do you honestly believe that Sarah is capable of running America? She couldn’t even get Brystol to listen to her on that abstinance thing. Ain’t much closer than mother and daughter but Sarah failed in a mission she is trying to charge others with.

        Rob

        • Vagabond

          robert you say Sarah cant run anything. well bubba you need to read and listen to real news. your man obummer never ran anything but his marxist mouth. but people like you voted him in and now look what a mess he has made of everything he has touched on, I hope there will not be as many IDIOTS voting next election.

          • libertytrain

            gee rob, these men aren’t exactly showing themselves to know what abstaining means…. when they are wed to others, ie gingrich, edwards, clinton, and all the others….what makes them leaders using your crude standards of abstainance ? Looks like edwards didn’t even know how to prevent pregnancy with his mistress and he was an actual “grownup” —

        • fiscalsoundbiteme

          Rob, you got the glass of STRONG KOOL AID!!! Put r down pal…think you’ve had more than your share…forcing Claire to drink more to catch up with you….shut up and go away…take your kenyan with you!

          • http://deleted Claire

            fiscalsoundbiteme–Okay, so you want to be “cute.” First of all, I do not drink kool-aid. Second, take your comments and put them you know where. Don’t start in on me, I didn’t attack you, so get off my case, I will bite back. I have no room or tolerance for people that treat others like crap. If you don’t like my posts, then don’t read them.

        • Ronald Robinson

          You are a fool to think that Obama cares what the hell happens to you. You sound like someone who expects to have everything given to you. Thanks for getting us into this mess with your democrat votes.

        • Ted Crawford

          It might serve you better to research Mrs. Palins record Robert! She didn’t defeat an incumbant Democrat, she defeated an incumbant Republican!
          She also took on Big Oil! Her stance was that the Natural Resources of the state were the property of the people. If Big Oil wanted to harvest them, the people of Alaska deserved compansation, They get an Annual Royalty check!
          She next told them they would either develope their leases in a timely manner or lose them. They can no longer sit on them and try to starve the people of their royalties! She actually did quite a bit of good for the people of Alaska!

          • Don

            AMEN to that Ted, i know because i am one of those Alaskan’s, Sarah is exactly what this country needs and anyone that don’t agree has a right to move to some other country !!!

        • Aurelio

          Rob, Newt is a hypocritical opportunist, and Sara Palin doesn’t have the experience nor the insight to be President. What this lady was trying to say is – why the offenses? Sara is not my candidate, but certainly is a decent woman who deserves to be respected like anybody else. The political attacks coming from the left remind me of the politics of a Banana Republic.

          • Don

            Aurello i agree with most of what you have said but you are wrong when it comes to Sarah !

        • Brad

          Talk about civility RS, all you need to do is look at Nancy Pelosi, was that witch ever civil? I think not; when she said we have to pass this bill to find out what’s in it, she cast her soul into the fire with that statement.

          • Aurelio

            Maybe I didn’t express well when I said that Sara Palin did have the stuff to be a President. I believe,at this point, that any woman would make a better President than any man. What I meant is that she hasn’t had the opportunity to gain experience at the federal level, nor in foreign affairs. To be more specific, she’s not yet “seasoned”, for the job. This country went crazy and elected a “community organizer” as President, and now we see the results.

      • http://deleted Claire

        Barbara: And the Republicans have civility? Give me a break. They all spew their hateful rhetoric. Party affilitaion means nothing when it comes to hateful diatribe. They are all guilty.

    • Cathie

      Claire, I agree with alot of what you say. BOTH parties need to be held accountable for what they have done to America. It is all about power! The party in power will do whatever it takes to stay in power, and the other party will do whatever it takes to gain power. And “power” includes money. I’ve seen too many public servants go to DC with the promise of change and the only thing that changes is their own bank account! But, regarding the “skunk” statement, are you sure whoever in the Tea Party said that was referring to the fact that Obamma STINKS as a President? Did they actually say “half black, half white”? I was not there and have not seen it, so don’t know.

      • Robert Smith

        Aren’t you kinda splitting hairs Cathie?

        The fact is that insults aren’t going to accomplish much and the extreme right needs to be held accountable for their advocacy.

        Why should corporations be allowed to pay taxes in Switzerland rather than here where the money is made? That’s money out of MY pocket.

        Rob

        • libertytrain

          “The fact is that insults aren’t going to accomplish much…”

          rob this line out of your lips…you’ve got to be kidding —-

      • Vagabond

        a very good point Cathie. if the statement had been made the lineral left streem media would have had a big news day with it. I am sure wwe all would have heard about it,

        • CP

          Vagabond, the comment was made, or would not have taken on such a life as it has. In this case, she is not the first one to have questioned it, and Obama is not the first to be called that, some even by blacks instead of whites. I do agree that he has TRIED to do what he sees as best for this country, and a lot of bigmouths disagree with him, so have set out to block what they can’t do away with altogeher. I have studied some of the effects of big business working in an uncontrolled envirionment, and trust me, you don’t want to live there unless you, yourself, are a business owner. Even management barely squeaks by, but they do manage to keep from owing the company store more than they can ever hope to repay, unlike the men and women who actually do the work.

          • GRusling

            Sorry CP. Obama was referred to as a “skunk” (it’s called “satire”) but all the rest was nothing more than chit-chat in the aftermath of that reference.

            In case you still don’t get it, being a “skunk” refers to the fact that he’s half white, half black and everything he touches STINKS!

            That’s a pretty apt description of him and his policies and it’s NOTHING compared to some of the things THE LEFT called Sarah Palin…

          • Karolyn

            GRusling – What were some of those names? I don’t recall seeing or hearing them.

        • http://deleted Claire

          Vagabond–The statement WAS made. Call me anything you want but I am not a liar.

      • http://deleted Claire

        Cathie– I read it on the Internet yesterday-it was a small news posting and I have not heard anything more about it. But I KNOW what I saw, and I don’t think it is a damn bit funny. As usual it is not being reported since I have heard nothing about it since. Various people can interpret comments like that in different ways, it can even be interpreted as racism. And oh yes, I believe there is still racism.

    • Elevenarrows

      Claire, I would not disagree with some of your statements, but if you are looking for a candidate not backed by those who wish to pull his puppet strings, consider Ron Paul. He has always been “controlled” by the Constitution and his voting record proves it. Don’t be one of those cowards who whines about Dr. Paul’s foreign relations policies…I have yet to find one of those whiners who has actually READ Dr. Paul’s position on foreign policy and UNDERSTANDS it as a reflection of our founding fathers’ and the Constitution of the United States.

      • Robert Smith

        From Elevenarrows: “He has always been “controlled” by the Constitution and his voting record proves it.”

        Ron Paul was working with Barny Frank to decriminalze pot. For that he gets my vote on that issue.

        Rob

      • http://deleted Claire

        Elevenarrows: With the current crop of Republican candidates you bet I am considering Ron Paul. I would vote for him in a New York minute.

    • libertytrain

      Is skunk going the way of the word gay – to new meanings. A skunk just used to be a sleazeball kind of character – now we are assigning racial intonations to it….oh lamentable day. I liked that word, i.e. “most politicians are skunks” or when folks proclaimed because of his inability to keep his pants zipped – “clinton is such a skunk” – why do we have to ruin that word….

    • DAVE CARTER

      clair, why don’t you just shut up and get out of the way? At best, Obama is a half breed. At worst he is what the tea party or some of the others who call a “spade a spade”(no pun intended). Yes,there are worst things than being compared to a “skunk”. That would be compared to being an “Obama”.

      • libertytrain

        dave – your classlessness is showing ….

        • Karolyn

          Amen!

      • Ted Crawford

        You “sir?”, on top of being simply discusting are clearly a Progressive plant!

      • http://deleted Claire

        Dave Carter: Look Buster, don’t tell me to shut up and get out of the way. I am entitled to have my opinion and I posted it. If you don’t like it, DON’T read my posts. Just who in the hell do you think you are? No one made you in charge of this site. And no one made you judge and jury of anything! Bug off.

        • Karolyn

          Bravo, Claire! I knew you wouldn’t take it lying down!

      • George E

        Dave,

        Claire doesn’t need me to come to her defense. She’s a strong contributor to this site. I don’t always agree with everything she posts, but she does state her opinion in a clear and logical manner, and she always tries to be fair in her analysis. I’ve come to respect her over time, so I’d appreciate it if you would back up and lay off her. She doesn’t deserve your indignity, buster. How about an apology?

        • http://deleted Claire

          George E–You are very kind. Thank you for the “boost.” It is nice to know people like you, and I appreciate your comments that you make on this site. You have common sense, logic, and intelligence.

    • wally stewart

      i dont think obama will be voted out he has acorn up and runing as strong as ever with stimlus money,he has all his cezars in place.he has the supreme court i fear on his side,jinny hoffa an his thugs are ready, we will see unrest this coming summer like never before worst he has tthe ignorat votingThe danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.”

      him back in

      • Karolyn

        And McCain would have been better? HAHAHAHAHAHAHA!

        • Brad

          Duh, McCain would have been the lesser of two evils. Karolyn just lookat the 4.1 TRILLION in deficit spending since his innaugeration should answer all questions. http://www.usdebtclock.org/

      • Aurelio

        Better be at the mercy of a scoundrel than at the mercy of a fool “community organizer”.
        Obama will win if republicans don’t stop eating manure and select a decent candidate.
        The community organizer in the White House is not only a political idiot, but also a decent husband and father; a family man. You can’t throw a man like Gingrich into this fight!

    • Doug

      Really now do you have a copy of this in print or a recording? If you want to see the most BS thrown about go no further than the Demorats mouth piece ABC, NBC,CBS, MSNBC you might get truth in about one word out of 100! And as far as Obama the BOZO clown goes I got a lot worse things to call this illegal trespasser of the WH. All you genius tell me why all his records are locked up and why he uses a SS# from Connecticut. No the real problem are you supposedly high educated liberals who think the government is the solution to your problems when they are the problem. You have absolutely no common sense like the old saying where there is smoke there is fire. Obama is not a natural citizen and was not even born in the USA and him and every politician that let this scam go on need to be hung right out in front of the WH so all know going forward that this is the price you pay for treason!

    • http://marcum1@wildblue.net coal miner

      Way to go Clarie,

      When do people begin,bigot and hatred ends? I was raise in a bigot racist family. Some of my relatives belong to the Klan.Thank God I am not one of them. Obama is a human being.He was elected by the people.If you don’t like him,vote him out,after all we all live in a democracy. It’s that simple.2

    • http://www.RobertwFowler.com Robert Fowler

      When will the duluded American voter get it? There is no difference in the Repubacrat or the Demopublican. They are two peas out of the same pod. Both owned by elitist multi-national corporations. We will never have control of our coutry until corporations, lobbyists,and buig money are taken out of the voting process and we have a strong grass roots third political party. As long as we are ruled by the present duopoly, my vote or yours means nothing. They pick the candidates with the hundreds of millions spent on a chosen candidate’s campaign. The elite (who rules the country) can and do buy any law they want. They also own the Supreme Court, otherwise how could a non-breathing corporation be called “a person”.
      Wakeup America, join in the movement calling for an Article V Constitutional convention. Read about it @ http://www.foavc.org.

  • Roger

    Robert Ringer says
    “That’s right, folks, capitalism had nothing to do with the United States becoming the most prosperous country in the history of the world. It had nothing to do with millions of ambitious people starting with nothing and becoming millionaires and even billionaires. And it has nothing to do with the fact that “poor people” (as defined by the Census Bureau) in the U.S. live better than middle-class people in most other countries.”

    How does that relate to what Obama was saying? “If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger.” Robert Ringer doesn’t relate to Obama’s charges. Obama was talking about DEREGULATION. That not capitalism. Obama was talking about how capitalism is running wild, turning from TRUE capitalism to gambling because of DEREGULATION. With this article,Robert Ringer makes himself look like a turkey.

    t

    • James

      Fail. Laissez-faire capitalism is the only capitalism that exists. Anything else is a distortion upon that. Stop buying into Kantianism.

    • Average Joe

      Roger,
      Go back and read the article again. Obama is saying that lowering taxes and deregulation (AKA Free Market Capitalism)…doesn’t work…which is completely false. In a true free market economy, regulations by the government are totally un-neccesary as the market ajusts itself. If someone is consistantly producing an inferior product or charging too much for that product…people stop buying that product….and the producer either creates a better product, drops the price…or both…or they go out of business. Just remember the golden rule…”Let the buyer beware”.

      • Robert Smith

        Hey Joe, you say: “If someone is consistantly producing an inferior product or charging too much for that product…people stop buying that product…”

        But the current crop of corporate wealthy folks are NOT producing products. They are making money by trading paper at the expense of the middle class. Then they pay taxes in Switzerland instead of the USA.

        Seems to me the corporate system has been corrupted. That’s not capitalism.

        Rob

        • Average Joe

          It’s obvious that you have a comprehension defict going on there Robert. Nowhere in my post did I say that we “have a free market economy”, my exact words were “In a true free market economy, regulations by the government are totally un-neccesary as the market ajusts itself.”….I realize from reading your posts that you “decide” what the post was about (regardless of what was actually said) and then run off out in left field with your …theories about something…not even in the post. Try reading the post…and stop wandering around in left field. What we have is “crony capitalism”…not free market capitalism…try looking them both up so that you will have a clue in future conversations…what each one is…and how they differ. As usual Robert…you are clueless…..

          • Robert Smith

            It still seems to me the corporate system has been corrupted. That’s not capitalism.

            We need to tax the thieves out of business and return capitalism to production.

            Rob

          • fiscalsoundbiteme

            Rob is a freak of nature…leave the idiot out in left field…cannot be saved….

          • George E

            Robert,

            When government taxes the thieves out of business, it also taxes productive businesses out of business. By contrast, the market punishes the thieves while rewarding the producers. Government tends to punish everyone except politicians and their political allies.

        • Ty

          Robert,

          They are trading paper that wouldn’t exist if government regulation hadn’t forced lenders to lend money to people the lender’s knew were high risk and wouldn’t have lent to in a free market.

          They are trading paper that wouldn’t exist if government backed mortgages didn’t guaranteed repayment and guidelines were loosened.

          It is largely the interference in the free market that created the paper. Once it existed and was bundled with other loans it was nearly impossible to tell what packages held bad loans and which didn’t. Blaming those who traded the paper, as was the norm, ignores the origin of the bad paper. It is like blaming your water company for delivering water that was poisoned by a terrorist, rather than blaming the terrorist. Target your anger where it belongs.

      • Mark in LA

        Another idiot who spent too much time reading the Mises institute crap and swallowed it hook line and sinker. In a totally “free” market there is nothing to stop monopolies, cartels, and market corners. Only an idiot would think people would rather compete with each other than collude to get higher profits. Yeah, I know the chorus line “when prices and profits get too high somebody else will get in”. If you were a complete idiot you would believe it because it sounds so simple. Hoever, It costs a lot of money to enter into a new business venture and there are trade secrets and intellectual property rights that can bar your entry. In additon, the existing cartel will drop prices below your ability to compete until you are bankrupt. Then they will raise the prices back to make up for it.

        Economics is a pseudo-science. There are no truths just arguments that can never be falsified. The Mises institite is no more likely to be correct than any other idiot on a soapbox.

        • Ty

          “Only an idiot would think people would rather compete with each other than collude to get higher profits.”

          Only an idiot or a leftist (but I repeat myself) would think everyone wants the same thing and thinks the same way and is unethical.

          One of the largest obstacles to competing in any industry is the pages and pages and pages of regulation needed to be complied with. And much of it is generated at the request of those wishing to collude to prevent fair competition. Your argument is better waged against government interference than for it.

          • Mark in LA

            You are a fool if you think it is regulation that keeps companies out of a business. I worked in the medical products business. EVERYBODY has the same regulations to deal with so it is a cost of business that is the same for everybody and cannot bar people from entry. Do you really want some upstart making pacemakers who doesn’t have to do clinical trials on his product to be allowed to sell it cheaper than companies who did prove their product was safe and effective?

            What is the real bar is the high cost of reaseach and developement coupled with intellectual property laws. Companies patent everything -even useless stuff in the hopes of impedeing their competitors. Stop reading the coprporate propaganda.

          • Ty

            Mark,

            If you were a runner and were provided one day to prepare for a marathon that your competitors had years to prepare for would you expect to compete well? Would you even bother participating?

            I’m guessing not.

            Yet you argue that starting a company in a heavily regulated industry where your competition has been around for years, has had time to comply with the regulations as they were enacted whereas you have to learn them and comply with them out of the gate with no revenue isn’t an obstacle to starting a company in that industry.

            The cost of research and development vary from industry to industry. In many industries there is none of either yet still regulation and needless licensing. As for intellectual property, it should be protected. That’s what gives the inventor or originator the incentive to create in the first place – the knowlege that someone else can’t come behind him and copy his work and profit from his efforts.

            You should do less non-critical reading of whatever it is you’ve been reading and do more thinking.

          • Mark in LA

            More proof that Ty is an idiot:

            Yet you argue that starting a company in a heavily regulated industry where your competition has been around for years, has had time to comply with the regulations as they were enacted whereas you have to learn them and comply with them out of the gate with no revenue isn’t an obstacle to starting a company in that industry.

            The regulations are the SAME for every company idiot. NOBODY has any benefit because their compliance system is already in place any more than the existing business has an advantage because they already have a sales force. You are the one who needs to think. It is obvious you can’t so you come up with idiotic examples that you think proves you know what you are talking about but only shows how dense you are.

            What should happen then Einstein, new companies should NOT have to comply with all the regulations old companies comply with because new companies have to create regulatory compliance departments? Is this “thinking”? At some point everybody would create shell companies so that there would be no regulations. We have enough problems with medical recalls as it is, imagine if there was no testing of any products before their release to the public.

          • Ty

            Mark, I’ve felt for a while that scale is something liberals just don’t get. You confirm my suspicion.

            So in your view, being able to build a compliance department up OVER TIME as revenue and regulations grow, is not an advantage that handicaps the startup, which not only has all the normal expense of starting a company (including a sales force) but must now also staff a compliance department. Really?

            You are aware that most companies tend to start small and grow, right? The existing companies have had time on their side to build their compliance departments, sales forces…etc. They have a revenue stream to pay for this growth. The startup doesn’t. The more intrusive the regulations, the larger the expense and the higher the entry hurdle. Get it?

            And I’m not advocating that companies selling medical supplies and equipment shouldn’t have their products somehow certified safe. If government only inserted itself in such areas there might be an argument to defend it. Branch out. For one example, those who want to start a business to do nothing but weave hair, can’t in many districts without being a licensed cosmetologist – a multi-month, multi-thousand dollar process to teach them everything they don’t need to know to weave hair and nothing they do. Why? At least partly because the licensing board that decides what activities are covered by their license is populated by… (drum roll please…) cosmetologists.

          • Mark in LA

            More nonsesne from Ty:

            You are aware that most companies tend to start small and grow, right? The existing companies have had time on their side to build their compliance departments, sales forces…etc. They have a revenue stream to pay for this growth. The startup doesn’t. The more intrusive the regulations, the larger the expense and the higher the entry hurdle. Get it?

            While seeming to sound less than stupid to the ignorant. It is stupid. Ty every company has start up costs. Your business plan makes arrangements for that. Your initial capitalization takes that into account. No business making a complex product will be profitable its first year. You know this going in and you have an idea what the costs will be. To pretend that the startup regulatory costs are somehow more prohibitive because the other guy already has them in place is nonsense to anybody with brain. A new car dealer has to build service bays, does that stop him because the other dealers already have service bays. NO he knows before he buys the dealership how much service bays cost to build and puts that in his business plan. Got it.

          • Ty

            Right Mark… And the higher those start-up costs are, the harder it is to start up. Get It? And when funding departments that are pure overhead, the harder it is to make a profit and stay in business. Get it? Or are these ideas to simple for your infinitely more advanced mind to grasp?

          • Mark in LA

            Once again Ty. Every company ALREADY in a business has an advantage. They call it first mover advantage. He has a brand, he has market share.

            You were trying to say that the reason a new business cannot compete was because of “all the regulations”. The idea that regulations are barring you from entering is what is stupid. You want to put the onus entirely on regulations because from Fox news or one of these web sites you read or heard about the boogeyman called government regulations that are “strangling” business. So instead of recognizing the real bar to new entries has to do with the normal problems everybody has starting a business, you pretend it is all about regulations. When I call BS you twist yourself in circles trying to hold on to your stupid idea that regulations are somehow the main obsticle while they are insignificant because everybody has the same costs.

            If what you said made any sense at all then NOBODY would enter the medical products field but there are more start-ups in this field then in any industry in America – why is that if “regulations are strangling them”? It is because they are not, and the regulations are actually easier to comply with now that they have been in place many years. There are more people you can hire who understand them and they have gone through a period of standardization making it easier to do what other companies are already doing instead of making it up as you go and finding out it didn’t work. So in fact the cost of regulations has gone down in a real sense.

          • Ty

            Mark…

            re: You were trying to say that the reason a new business cannot compete was because of “all the regulations”. The idea that regulations are barring you from entering is what is stupid.

            No – the point I’m trying to make is that the more regulations there are, the higher the barrier to entry for a new company.

            Specifically, what I initially said is: “One of the largest obstacles to competing in any industry is the pages and pages and pages of regulation needed to be complied with. And much of it is generated at the request of those wishing to collude to prevent fair competition.”

            It would have been more precise had I said “some fields” rather than “any industry” and to “start a new company” instead of to “compete in any industry” but those distinction were fleshed out in subsequent exchanges and the example I gave of the person wanting to start a hair weaving business that is required to get a cosmetology license to do so clearly illustrates my point.

            In the medical field it may not be as obvious but it is still there. The reason there are a lot of startups is that the field is exploding due, in no small part, to aging baby boomers. That isn’t to say there wouldn’t be more startups if there were less regulation.

            You equate the cost of a compliance department with the cost of a sales force and service bays. A sales force pays for itself and then some or you tweak it until it does. If you service cars, bays are the means by which you do that. They are overhead but the more you have, the more cars you can service and the more revenue they generate. A compliance department is pure overhead – the bigger it needs to be, the more revenue you need to generate to cover it’s cost.

            It is an additional burden to a startup that raises the barrier of entry, more in some fields, less in others. In the case of someone wanting to weave hair, it can keep her completely out of the field.

          • http://www.RobertwFowler.com Robert Fowler

            I am not going to insult anyone. Everyone has different opinions about regulations to protect buyers of products. Think of the lead in paint, on toys, think of mercury in our waqter and in the fish we eat. Think of the thousands that were killed in unsafe mines, during the las century. If buisnesses could be trusted to do the right thing and build the best and safest product possible without poisions and unsafe fasteners, etc. there would be no need for regulations. BUT, they can’t be trusted, so they have to be regulated by a disinterested party. So enter the government. Yes the government goes overbord, so there needs to be some checks and balances on the power of the government to write and enforce regulations. But it would be foolish to throw the baby out with the bath water.
            The reason we have had junk bonds “melt down” and “housing bubble bursting” was because of deregulation. If the regulations had not been removed by Congress and the Administrations in power at the time of deregulation, the melt down could have been prevented, providing that the regulators had not been bought off by the banking industry.

        • Ty

          Only an idiot or a leftist (but I repeat myself) would think everyone wants the same thing and thinks the same way and is unethical.

          One of the largest obstacles to competing in any industry is the pages and pages and pages of regulation needed to be complied with. And much of it is generated at the request of those wishing to collude to prevent fair competition. Your argument is better waged against government interference than for it.

        • TML

          “Economics is a pseudo-science. There are no truths just arguments that can never be falsified.”

          Then why are you calling people idiots for their views which oppose yours? You seem rather hypocritical.

          • Mark in LA

            TML – I call them idiots because they are so sure that their assertions without proof are facts that cannot be denied or that everybody knows they are true. They are idiots because they cannot see that they are not dealing with facts but just opinion.

          • Mark in LA

            Oh and they are also idiots because they are devoid of any logic. For example “FreedomFigheter” barking about Obama and GE as a response to talking about the low effective corporate tax rate and how lowering it won’t do a thing to stop GE from moving jobs offshore. Did that post make any sense to you?

    • Aurelio

      Sir, please re-read the article. He’s advocating for more government control over the economy. I didn’t agree much with Reagan, but one thing I learned from him I have carried ever since: the government is not the solution, the government is the problem.
      Every problem facing any country in this planet is due to that fact.

  • brenda

    I don’t quite understand the people of our country, as long as the other presidents were in office screwing up everything, it was not a problem. Now, we have a president that had to come in and clean up all the crumbs the other Presidents left on the table, and NOW you all are complaining. Stop putting him down and start doing your part, it is call HELPING

    • VLL

      brenda: the real question is: will there be anything left to cleanup once we finally get him out of office.

      • Robert Smith

        Obama is advocating a tax cut for the middle class. WHY don’t you support that? You are advocating playing games with money that is in MY pocket.

        Why do you insist on playing a POLITICAL game advocating for a pipe line at MY expense? Why not let each be voted on by their own merrit?

        Rob

        • Harold King

          The pipeline is a private endeavor paid for with money from investors. It isn’t going to cost you one red cent, Robert. Unfortuantely, we’re saddled with a President that does not have the interests of America at heart.

          • Robert Smith

            From Harold King: “The pipeline is a private endeavor paid for with money from investors. It isn’t going to cost you one red cent, Robert.”

            Sure it does when my tax cut is held hostage to a business deal.

            Let the pipeline fly or fall on its own.

            Rob

          • denniso

            Brenda is right! Obama came into office w/ the greatest mess left behind ever. He has stabilized the economy and helped create job growth for the past 2 yrs…it’s just enough to get ahead of population growth so the unemployment rate is only falling slowly.

            The rightwing has adopted an obstructionist and totally negative and destructive political strategy,all in the hope of not allowing Obama to get any credit for an improving economy w/ the goal of reclaiming the presidency next year. They are essentially traitors to the well being of the country and should be called such. Traitors,liars,hypocrites,powermongers! On top of that,the economy is not doing as badly as they keep shouting. Most people still have jobs…most people are still spending. The Repubs constantly talk down the economy for their political purposes and make people feel like armageddon is here…that hurts consummer confidence and makes things worse. Vote them out and let the country get to work!!!

          • George E

            Robert,

            Don’t worry, you’re going to get your “tax cut.” Republicans don’t want to deny you that, but at the same time they aren’t in favor of draining the Social Security system further when it’s cash flow is already running in the red. The pipeline shouldn’t even be part of this discussion because it should have been approved and moving ahead instead of being held up for political reasons. The Republicans have made several proposals to let you have your tax cut, but the one I think makes the most sense is to let every American decide for himself/herself whether to take the tax reduction now but postpone when he/she can collect his/her Social Security later on. That keeps the Social Security system from depleting its funds faster and lets each American decide for himself/herself what makes the most sense for their individual situation. I haven’t seen any proposals that thoughtful coming out of the Democratic side of the government. Do you think they’ll demonstrate a little statemanship right now and work with the Republicans to pass this bill? I doubt it, so who is really obstructing progress?

          • Doug

            Really now how come since we have a Demorat control in Washington we have not seen a budget in years???????????????????????

          • Mark in LA

            denniso – Obama did nothing for the economy. The economy is starting to slide again, just like the bounce after the start of the Great Depression. Thirty years of stupid economic theory have drained the middle class of disposable income. The wealth concentration of the 1920s was repeated in the 2000s. We are in a depression that will last a long time. We won’t get out until we change our trade policies and put American workers first.

          • denniso

            You apparently don’t know what a depression is. Read up on the Great Depression,look at some photos of the soup lines,then get back to me. We’ve had job growth for over 2 yrs,the problem is that it’s not enough to keep up w/ the new workers coming in to the economy every year. The official unemployment number has come down to 8.6%,that’s hardly a depression number. And,before you complain that the number doesn’t reflect the real number of unemployed,that’s always true…the number is a guide for how the economy is doing and a drop in it shows some improvement.

            If Obama,and Bush w/ tarp,hadn’t done what they did to save the greedy financial sector and the car companies then we would probably be in a real depression,and you and I would probably not have the leisure time to be chatting and arguing about it.

            The Repubs have convinced you that the economy is worse than it really is,all for their traitorous purposes of hurting the country so they can regain power…disgusting pigs!

        • Cribster

          Robert,

          BO wants to steal personal wealth from people that create jobs to fund the tax cuts.

          If he were to eliminate either of the DOE’s to pay for tax cuts I’m onboard!

          • Robert Smith

            From Harold: “BO wants to steal personal wealth from people that create jobs to fund the tax cuts.”

            Really? Ad how many jobs are created by a deravative? How many jobs are created when they pay taxes in Switzerland?

            Rob

          • FreedomFighter

            Robert – goverment does not create jobs it only steals money from taxpayers to give to someone else.

            Laus Deo
            Semper Fi

        • Ellen

          Robert, Do you not get the irony of this article? Obama rails against how tax cuts and deregulation have never worked – then he fights for a tax cut. The crazy part is the tax cut takes funds from Soc. Sec. – a fund that is already paying out more than it is collecting. If Obama wanted to give the middle class a tax cut, it would’ve been a reduction in federal income tax, not payroll (SS) tax. This is all about a tax cut for the poor. Since they don’t pay income taxes, they wouldn’t benefit from a regular income tax cut. The ‘poor’ are bankrupting us and they keep creating more poor due to the welfare law provisions. This holds them down; it does not help them at all. Obama does not care about the middle class and is only lying to them to trick them and get their votes. Also, the Bush tax cuts bring in more revenue than Clintons’s higher rates brought in, so they worked as intended. Unfortunately, spending has doubled in the past 10 years. That is our problem, not lack of tax money.

          • George E

            Well said. Thanks.

          • Aurelio

            Ellen, you’re absolutely right. The left needs to keep the poor as poor for the same reason that the union boss will discourage you from becoming an entrepreneur: because he’d lose his source of income and his power. The liberal wants to give a fish(paid by your taxes) to a hungry man; the business minded, will teach him how to fish. Communism gave people on the brink of starvation a fish just to keep him alive; America, teaches you how to fish.

        • GRusling

          Sorry Robert… Obama’s so-called “tax Cut” is no tax cut at all, and certainly not for the Middle Class. What it really is, is MORE STEALING FROM SOCIAL SECURITY because that’s where EVERY DIME of the “Payroll Tax” goes! Are you sure you want to advocate taking away from the “Social Security Revenue Stream” at this point in time?

    • Robert Smith

      brenda asks: “I don’t quite understand the people of our country, as long as the other presidents were in office screwing up everything, it was not a problem.”

      Because Obama is one of “them.” A black man from America isn’t supposed to be one of the most powerful people in the world. It’s pure raw racism. THAT is why there is so much hate.

      Rob

      • Average Joe

        Robert Smith,
        Your racsism is showing……
        If we disagree with policy…we are racsists?
        If we say that the man is a socialist because of his policies…we are racsists?
        If we don’t bow down and kiss the annointed one’s feet…we are racsists”

        His color is not an issue…however, his character is….as is yours.

        One word for folks like you….Dumba55……

        • CP

          Average Joe, all I have to say is that you do NOT fit your name. There is nothing average about the rant you pour out. Wait, I take that back, it IS average noise coming from people to the right of the Tea Party.

          • Average Joe

            Forgot your meds this morning?…or over medicated again? While you may be funny, looks aren’t eveything….

        • Dave

          Your comment makes me think you are the …what was it…Dumba55.

          • Average Joe

            Then apparently, you didn’t think hard enough….Dumbass!

      • Elevenarrows

        Oh, please, Robert! I don’t care if Obama is purple with pink polka dots. Believe it or not, some of us (obviously not you)can think beyond skin color and determine someone is bad news for the country based on his horrific, anti-American, Constitution-violating policies. And lest you think otherwise, I screamed many of the same sentiments about President Bush when he enacted the un-Patriot Act that violates much of the Constitution and I put yard signs out once upon a time for a VERY black Alan Keyes.

      • Aurelio

        Obama was hired to fix a problem. Like a plumber to fix a leaking. Three years after, the water continues to flood the house. What would you do in this situation? Hire another plumber, somebody who knows how fix the leaking? Or, stick with the same guy because, as he is black, people would say that you are a racist if you dump him?

        • cawmun cents

          No,apparently you organize thousands of unemployed,homeless,mentally afflicted,stone tossing youths,under the guise of representing 99% of Americans,and continuously trash our good names in front of the entire planet.
          That is community organizing at its finest.
          Much like saying healthcare is a right,and then levying fines against the popualce if those rights are not excersized,you paint a picture with a phony brush and call it a masterpiece.
          Who do you think you are?
          Do you really think these idiots defecating and urinating in public,should represent the average American in the medias attempt to show how human rights are being violated?
          The whole premise of gathering hobos to represent Americans is a violation of our rights.
          But to foist your leftist progressive views upon the world and say they represent the 99% is nothing short of criminal.
          Nancy Pelosi blessed the hobos and potsmokers for representing America.
          You people who use this type of representation for your nation,have no idea of the harm you do to this country.
          But in the name of rights that you fine folks for not envoking,it is alright for you to mis-represent the average American so that you can push your ommunistioc ideals on the uneducated.
          Leftists are nothing but pathetic weasels and the rest of us are fed up with you.
          Be very careful.
          You may get the civil war that you are pushing for.
          The other side may not care about the non violent part either.-CC.

    • Elevenarrows

      Brenda, where have you been??? Some of us have been complaining and voting accordingly for decades. This isn’t about the Obama administration–although, he shreds the Constitution–it is about ALL the administrations that have violated the Constitution for so many years that we now find ourselves in this mess. We’ve been in trouble for a long time. The difference now is that finally, the sleeping, lazy Americans have realized THEIR security is in danger. Some of us have screamed this warning for years. And, Brenda, I think you are naive or have not been a student of history if you believe Obama is merely cleaning up the crumbs left behind by other presidents. No, my dear. Obama wants to “fundamentally transform America”. What disturbs many of us patriots is his transformation sends America over the cliff of socialism…a proven failure. I have no problem with someone wanting to be a socialist and living as such…as long as they move to a country that does that. If; however, you want to live in America, you should embrace the core values (as outlined in the Constitution) that made us the leader in the free world.

    • fiscalsoundbiteme

      OKIE DOKIE brenda! Boy you sure are on top of things….NO OTHER PRESIDENT ~ EVER ~ Has made Americans and America their agenda to dismantle and destroy! No President ever bowed to a saudi, cowtowed to other 3rd world “leaders” and defamed the American people but this fraud in charge…vacationer in chief, liar, terrorist muslim rat.

      • Scot

        OOH!…I’m calling you out on that little LIE, “fiscalsoundbiteme”…About BOTH bushes and the Saudis, they have 100′s of $MILLIONS$ in MUTUAL INVESTMENTS with the Saudi royal family, much of those investments through the Carlyle Group…The reality is, THE*REALITY*IS: Obama is just Bush III….sure, I was ‘anti-Bush”, but I never hated Bush, the way you Repubtards hate Obama…

        • Doug

          Really Soott I suggest you go back in histroy and rerun talk shows and read old newpaper articles! Many people hated Bush was it because he was white? Well maybe for some but for the majority it was because he was working with the rest of the criminals in Washington stealing our freedoms. My 53 years on this planet and their is one thing I have learned 99.9% of the time when someone is saying someone is a racist it always the other way around. Obozo is more white than he is black and he is 100% against USA and 100% not a US citizen.

    • Brenda Choate

      Brenda: We do not have a president who is cleaning up to mess left by others. We have a president who is more interested in advancing his agenda of redistribution of wealth, forced health care, big government, and control of businesses by government: creating more of a mess. All presidents have made mistakes from FDR’s progressive/socialist programs, LBJ’s great society and others who thought they were helping. Rather than end the programs they were expanded and built on by future progressives. No one is better off because of these programs, people or country.

    • Ted Crawford

      I’m “doing my part to help”, Brenda! I’m working as hard and fast as I can to develope a movement to Impeach this delusional little man!

    • Doug

      First off where do you get that others were in office and people just let them do what they wanted! Pull your head out of your lower region. Demorat mouth pieces almost all of the ABC’S and others all they did was attack Bush every day. Yet here we have a complete Marxist that does not know what America stands for in the WH and a illegal one at that and the newspapers and news channels you can hear crickets everytime this idiot says something wrong or is on vacation for the 100th time. And yes I am a racist I don’t like illegal alliens and I hate Marxist and Communist so go to the top of the mountain and yell that Doug is a Racist he does not like people who murder millions of people like all Communist and Marxist do. America really is becoming a 3rd world country we have a lot of people who don’t know nothing about what made this the greatest country in the world. And here is a little help it was not the big government but actually the smaller government the better!

  • joe chavis

    Please dont disrupt my freedom to use my computer again. If you do then I will disrupt your freedom to broadcast. Leave me and mine alone with your thoughts and comments.

  • ARTH

    The issue isn’t Capitalism. It is the issue of how the wealth is generated. If it is via the production of goods and services, more power to it. If it is just by manipulating securities, and risking people’s in-the-bank money as capital and with that, the entire macro economy, this is the actual wrong. This is parasitic and makes no constructive contribution to the economy or anyone else’s wealth.

    • Robert Smith

      ARTH says: “It is the issue of how the wealth is generated. If it is via the production of goods and services, more power to it.”

      But in America wealth isn’t generated by production of goods and services. It’s generated by paper on Wall Street. That is at the expense of the 99%.

      BTW, why are coroprations allowed to make money off me in America but pay taxes in Switzerland?

      Rob

      • GRusling

        Rob… do you have a 401k? If you do, you’re part of the “WALL STREET CROWD MAKING MONEY OFF PAPER” so get your head out and face the fact that it’s JUST A FEW (including most politicians, in both parties) who are trying to scam the rest of us. “OBAMA” is the leader of the pack at the moment… which makes him the current target… no matter HOW MUCH you hate those on the right…

      • Aurelio

        Do you mean to say that 1% of the people are smart and the rest 99% are stupid? Do you play the lotto? If you win 100 million, would you be happy to pay more than half to the Fed’s?
        Some people hate the millionaires, but they still play the lotto. And the worst part is how easily they internalize and justify in their convoluted unconscious that contradiction.

    • Robert Smith

      ARTH points out: “This is parasitic and makes no constructive contribution to the economy or anyone else’s wealth.”

      It’s called SELFISH and I’m pretty sure it’s not christian.

      Rob

  • Terry

    If socialism is so great, Why has communist China Embracing Capitolism , and beating us at our own Game. Food for thought !!

    • Robert Smith

      Terry asks: “Why has communist China Embracing Capitolism , and beating us at our own Game.”

      Because they are buying American debt and eventually will crush our economy if we give them the chance.

      And! They are buying things American investors aren’t like buildings and factories. American investors are trading paper and ripping off the middle class.

      We are being beated because corporate business has become corrupt.

      Rob

      • Average Joe

        “And! They are buying things American investors aren’t like buildings and factories. American investors are trading paper and ripping off the middle class.”

        An why exactly is that Robert?….I know it couldn’t possibly be too much taxes and over regulation….from our suposedly elected officials…right? Manufacturing goes where it can make the most profit…with the least regulations and taxes….because the bottom line for any business…is profit…period. You are one of these useless idiots who blame the wealthy for all of Americas woes…when you should be blaming the Federal Government…it is after all, the Federal Government that makes the rules…and enforces the rules…so, If they make the rules…then the problems are created… by design. If the rules are being broken and the government doesn’t enforce those rules…how is it the fault of those breaking the rules? Isn’t the government supposed to be punishing them for the violations…but instead turn a blind eye (because they are bought and paid for by those big corporation)? If, as I stated they (elected officials) are bought and paid for by the corporations…then they are stilll to blame…because they have the ability to refuse to take bribes (lobbyist funds)…….Stop blaming the rich….it is the government…plain and simple…kinda like you….(plain and simple).

        • CP

          IF it was overtaxed and over regulated, WHY would the Chinese want to own it in the first place? Could it be they see possibilities here that our own financial wonders have ignored? The true oriental does not think in terms of quarters of years, but more in the line of quarters of centuries to see growth and return. Here, if people don’t see a massive return on their investments in three to six months, they bail out and leave the poor business owner who couldn’t generate what they expected to swing in the breeze. That is only one of the reasons so many small businesses go under, not from a lack of a good product, or a good work ethic, but because it takes three to five years to even establish a name for yourself in a given area to truly see a return on your investments.

          • Average Joe

            CP,
            “IF it was overtaxed and over regulated, WHY would the Chinese want to own it in the first place?”

            Look!…another one with reading comprehension problems. Nowhere in my post was China or Chinese people mentioned. Do you just make this stuff up as you go…do you actually read what you reply to? Do you actually read?
            Talk about rants…you went on whith thay entire rant, which had absolutely nothing to do with my post…..medicate…adjust…more…or…less…your dosage isn’t even close to being right.

  • Monte

    The fanatic leftists will now feign outrage. Their feelings have been sorely and unjustly hurt. “There should be law!” they will whine. Please, God, spare me.

    This will be my last comment at this site. I have greatly enjoyed discussing conservative issues and values with most of you here. And I have much valued the time we have spent together through the magic of this digital media. This site, however, is plagued with liberal loonies, godless communists and socialists, evil atheists, perverts and pervert sympathizers, narcissists, nihilists, and other such outlandish weirdoes. They add nothing to a discussion and, like a fly, seek only to annoy, and with the superior air, typical of the pathetic, obnoxious liberal. I will say no more, since I might offend someone – a crime far greater than any actual, physical assault into today’s absurd, Marxist culture. These distracters have only convinced me of just how sick and deranged we are as a people. The knowledge that such delusional, evil sock puppets actually exist is disconcerting and depressing in the extreme. Exposure to their insanity only saddens me. Therefore, I will no longer visit this forum. Best of wishes to the many fine, upstanding Americans I’ve come to know here. And may God bless you in all your future endeavors. Special thanks to Bob Livingston for his unselfish desire to educate others.

    • Robert Smith

      Good by Monte.

      Rob

      • FreedomFighter

        How can you say so much that is so wrong you should be ashamed of yourself – go wash your mouth out right now.

        You have a really bad case of Oral diarhea brought on by to much communist propaganda.

        Laus Deo
        Semper Fi

    • Average Joe

      Monte,
      Sorry to see you go. Regrettably, there are going to be at least one idiot in every group of more than 5 people..trust me on this…lol. Most of us hope to see you back, either way, we’re glad you dropped by and wish you the best in life, always.

    • Karolyn

      Woe is me! :-(

    • Ted Crawford

      You can spare yourself much anguish by taking some advice from one of our Founders Monte! “It is as useless to argue with those who have renounced the use and authority of Reason as to administer medication to the dead”!

  • JB

    “His” only exhibited expertise is travel & talk, travel & talk – -
    Never mind integrity, honesty, experience, promises, – - – -
    travel & talk, travel & talk

    • Handyman

      bozo is still wet behind the ears!!

  • Handyman

    You are on your own, with the government and people who don’t work, in your pocket? That is the UN communist theory that doesn’t work!!!

    • denniso

      U.N. communist theory?? Are you out of your mind or just terribly uneducated and ill informed?

      • GRusling

        You’re right… The UN is MARXIST, not communist, but give it time and it will get there…

  • Joe Aubuchon

    It seems that Robert Smith has drunk the koolaid.

    • Robert Smith

      Really… It wasn’t me who put the economy in the tank by trading paper.

      It isn’t me who is paying taxes in Switzerland.

      It isn’t me who is denying a middle class tax cut.

      Rob

      • Average Joe

        And…it certainly isn’t you who brought logic to the table…or critical thinking for that matter. Have another cup of Koolaide….

      • fiscalsoundbiteme

        Rob you forgot one more “It isn’t me…” talking out your ass

        • Karolyn

          You just contradicted your own statement. :-)

    • Ted Crawford

      Joe, Robert Smith is like a dog with a new bone. He’s read something somewhere in some Progressive media, now he’ll post that same rant everywhere! Even Alinsky rants can be made to seem true if backed by some artical. It doesn’t much matter how false or delusional if it’s repeated often enough the weaker minds amoung us might start to believe it!

  • Alexander Kaminski

    Communism never worked, making people to live without the most important value that is freedom to allow people to build up their happy future, bringing only misery and poverty to masses.

  • Sharon B.

    It seems to me the liberals who believe in evolution should embrace capitalism. My definition of capitalism is ‘Economic Darwinism’ i.e. survival of the fittest business or worker. Will one of the candidates please challenge Barack Obama’s eligibility to run in 2012

  • J.W. Miller

    Obama can speak out of both sides of his mouth 24-7–it is his intention to take this country down a deadend, dirt road.

  • Vagabond

    this is the robert smith bitch and harp collumn and I will not read it any more. robert get the hell off of the post with your bitching and carping about everything anyone says about your boy and his STUPID regs,

    • CP

      Vagabond, have seen and heard more BS out of YOUR mouth in this one little session than from most of the posters on here since I got on here. Truthfully, your mom should have washed your mouth out with lye soap a time or two to help you learn some better manners. Too much of what you have been saying had nothing to do with the article and all to do with YOUR opinion, or lack thereof, concerning different posters on here. I am no great fan of Obama, but so far have seen only one or two possible candidates who I think worthy of the office to replace him. The bad thing is, all people like you do is cry down the men or women who believe in the country AND people of the US, not just the rights of business men to do as they please, when they please.

    • Average Joe

      Vagabond,
      Pay no attention to CP…(A poster child for birth control).

      • Capitalist at Birth

        Ditto that, along with Robert Smith and denniso. Maybe their mother should have visited planned parenthood.

        • denniso

          Gee, that’s such a deep and thoughtful comment from such a deep thinking person.

          • Average Joe

            That was a pretty shallow statement…from a very shallow mind….

  • Wild Bill

    Rehypothication is one of the most egregious causes of inflation and the source for all those obscene salaries and bonuses paid to bank/investment officers.

  • fiscalsoundbiteme

    he’s an Obama supository! Don’t let the moron fool you

  • Stuart Bennett

    Another pathetic Ringer article that once again is so “right biased”, it reeks of partisan politics/policies.
    Once again this right-sided-windbag essentially backs the same failed, pure deregulation type thinking that brought America to it’s knees.
    Yes, Capitalism is certainly the BEST form of government for the majority, BUT NOT WITHOUT some social programs that offer it’s citizenry a bit of a safety net, i.e. affordable health care, AND, some common sense regulation of big business.
    The “let the ruthlessness of the free markets decide who lives” type thinking doesn’t work in practice, because the if the fat-cats get in trouble like they did in 2008, the get bailed out by the government!
    In this sense, President Obama is right, you have to have some regulation.
    At the end of the day, you need regulations and a watch dog, because people are naturally greedy, and if they’re not being watched, a few are going to steal what they can!
    Evidence of this statement?
    Well, look at the carnage of deregulation, and America in its current state.

    • bob wire

      Well, Ringer is not near as bad as the clown on Saturdays. I guess he works all week to ‘perfect’ his comic stand up act that offered up every Saturday morning to hunger ‘haters’ that can’t seem to get enough hate in their mouths and brains fast enough.

      Here a new worthy article this morning, ~ the benefits and risks associated with no regulation.

      http://www.bbc.co.uk/news/magazine-16007129

    • GRusling

      Until 1965, this country HAD “affordable healthcare,” and then LBJ started stirring the pot and SCREWED IT ALL UP!

      The ten scariest words in the English language are: “I’m from the government and I’m here to help you!”

      PLEASE “government,” QUIT HELPING ME AND GET OUT OF MY PERSONAL AFFAIRS!!!

      • Robert Smith

        kFrom GR: “PLEASE “government,” QUIT HELPING ME AND GET OUT OF MY PERSONAL AFFAIRS!”

        Yup.

        Quit trying to tell me how to defend my home.

        Quit telling my wife what to do with her body.

        Quit telling me how to die.

        Quit telling me what recreational drugs I can use.

        Rob

        • Capitalist at Birth

          Evidently, you were using recreational drugs when you should have been studying.

    • T Johnston

      All you have to do to get affordable health care is take the government out of it – what drives the cost of medicine up is the fees paid to health care by govt programs like medicare- those fees are set by govt not by the doctors who have no control over it. It take 40 pages of paperwork to get approved to even take patients on medicare and the the fees are all set – the average eye exam by an OD is about $45 but the fee paid by medicare for the same exam is $80. Don’t blame Dr’s or the cost of healthcare, blame your liberal govt for it.

      • Capitalist at Birth

        I got my eye exam at Costco for $ 30.00. My prescriptions, when I had insurance had a co-pay of $10.00 Today I can buy the same prescription for $ 5.99 without insurance. I had a mini stroke in 2009, which left me thecnically disabled. I visited my Primary Physician who charged me the co-pay of $ 20.00, he sent me for an MRI which cost me $ 692.00, and then to a Neuroligist who charged me th $ 20.00 co-pay, who sent me for a sonogram which cost me $ 350.00. I had to revisit my Primary Physician and the Neuroligist for my claim for Social Security Disability. They each had charged the insurance company over $ 180.00. When I told them I did not have insurance they charged me $ 60.00 and $ 30.00. I asked my Primary Physician why he charged me more than a specialist, He said the next visit would be $ 30.00. In 1966 I argued with the Democrats in my basement during a precinct caucus, that Medicare would drive Medical costs through the roof. Of course they could not see the light, because they thought they were getting something for nothing. Guess what a visit to my Primary Physician cost in 1966. $ 5.00 when I paid for it out of pocket. I could go on and on about this subject, but I realize it is really a waste of my time. Good Day

    • Aurelio

      The businesses that went unregulated for years and that later created the economic debacle in which we are, were FreddieMac and FannieMae.The prodigy of a liberal Congress. At the helm was Barney Franks, his boyfriend by the way was a big fish at Freddie. And now Barney is retiring to enjoy his pots de vins.

      • Ted Crawford

        True Aurelio! That and Mr. Dodds sweetheart deals with Countrywide!

  • FreedomFighter

    Just a note to you gold buying guys:

    Isreal desalination started pulling gold out of seawater, appox cost to extract 1600-1700 US dollars an once at the time, which was several years ago.

    According to the story a man in Calif. has reduced the cost to extract gold from seawater to approx 300-500 US dollars per oz.

    Anyone else verify this?

    Laus Deo
    Semper Fi

  • terrell

    I must admit that I generally do not read unsolicited e-mails, but I decided to give it a shot this time. I must say that I have never read such arguments that contain so many fallacies of reasoning: causal falacies, false delimmas, circular reasoning, argumentum ad hominem, false analogies, invalid conclusions, and red herrings. Did you folks get away with this kind of reasoning in your high school composition classes. “Bill, a good American, has a nice car with good brakes. Jose, can’t afford a nice car; therefore, Jose’s car has bad brakes, and he’s not a good American.” A fallacy is a lie, and it makes any argument unreliable. The Nazis of Germany taught us the danger of such propaganda.

  • Aurelio

    I have very serious doubts about President Obama’s intellectualism. I can’t find in him a Clinton’s nor a Gingrich’s kind of intellect. His approach to politics and government has been trite, threadbare; rehashed same old stuff, but, as a bad history student, he believes that it’s new.
    To say that capitalism didn’t work, is the proof that Obama doesn’t have a clue. A majority of voters elected an arrogant idiot as President; Washington should be turning in his grave!

  • http://bobLivingston Power to the People

    To all the liberals on the site today coming to the defense of your savior the anointed one Obummer….if the liberal, socialist model is so damn effective, why the hell is all of industrial Europe in the toilet in debt from the massive collective policies?

    Our fake-in-chief is part of a movement to bring us to our knees and he needs another term to finish the job. I will say this as well, there are too many pols on each side that have participated in our demise so choose wisely when considering the options….who replaces Obummer.

  • Wyatt

    Sounds to me Obama is bitter because his Communist idols and ideals were proven to be a lie . And because he can’t raise taxes so he and his high living woman can’t fleece the taxpayers for more to pay for her extravagant vacations . Obama may pick up part of the tab such as rent , but you and I pay for travel and secret service protection , their feeding and lodgings to a tune that averages 7 to 10 the cost of what the Obamas pay for anything , this year alone their vacations have cost 10 million alone . Wonder how much the Christmas Vacation will cost us ?

  • Downs1

    Any political system if attacked long enough will collapse or at least suffer and be greatly modified. The problem here is that we are not simply fighting against flesh and blood. Folks raise their eyebrows, roll their eyes and snicker when you mention spiritual warfare, but think: If our Constitution is based upon biblical principles and mentions the Creator, then you can be sure that His enemy will do everything in his diabolical power to ruin what God has established. This happened in every other great society. When God is rejected by the people who rule, and a plurality of the people who follow blindly, He simply withdraws His protection and grace and lets man learn the lesson that he can do nothing without the Almighty! Man reaps what he sows! Just think, every one of the divinely established Ten Commandments have become objects for ridicule in America today, as they were in Nazi Germany, the USSR, Communist China, et al. Why do you think the Russians are rising up against Vladimir Putin?! They want what we are losing under Obama and his Marxist progressive czars, union bosses, liberal academics, and a host of others who have thrown God under the bus. Wake up America! Turn back to God as a nation or lose everything! Islam certainly isn’t the answer either — wrong god!

  • R.H.Karsten

    “Community Activist” Bah! They used to be called WARDHEELERS.

  • Pat Conley

    Americans have become complacent over the past 200+ years and Aurelius’ following message should be titled “For We Who Have Forgotten.”

    “I come from a communist society where the government owns everything, including the people. People that only have known hunger, despair, and total hopelessness; whose only hope is to escape one way or the other, even if it means the possibility of drowning in the ocean or being eaten by a shark. A stagnant economy since January 1959. The former Soviet Union tried this for about 70 years, and had to drop it; so did the Chinese, and even the Vietnamese. For some people in America to even conceive the notion of anything else, but capitalism, is just evidence of sheer ignorance.”

    • Ted Crawford

      I strongly second that Pat, Thank You!

  • Thomas B

    obama is all about failure and causing more and more failure. For obama, failures in this country are victories for him. He is a thug in a ring of thugs conning everyone that redistribution will benefit the greater majority. But he and the thugs around him will not give a nickel to anyone if they gain the power they want.

  • Frank

    We need Tarrifffs on all imports to make it cheaper to build stuff here. We could also use those revenues to pay for Bush’s wars. Remember Iraqy oil money was going to pay for the occupation and decimation of Iraq at the hands of George Bush and his occupying thugs?

    • Capitalist at Birth

      Have you ever heard of the Smoot-Hawley Tariff Act enacted by Herbert Hoover? It added fuel to the fire which lead to double digit unemployment during the so-called Great Depression. That is what happens when you start a world wide trade war. If you would like to study economics there are hundreds of books just covering the economic disaster from 1928 to 1941. After you have enlightened yourself, I would be glad to communicate with you on this subject. Until then, I suggest you do not post your ignorant ideas.

      • Ted Crawford

        Isn’t it amazing, with History being a required subject, how so very many can be so fatally unaware of it!

      • Mark in LA

        Nobody with any real credibility believes Smoot-Haley had any significant effect on the Depression. The Depression was already underway when it was passed. Imports to the US only accounted for 6% of GDP so raing the already high tariffs on them was insignificant. But, hey it makes for a good story at the Mises Institute.

    • George E

      Frank,

      Levying tariffs on imports will increase the cost of manufacturing in this country. It does this by denying domestic manufacturers from buying lower cost goods from other countries. Tariffs also give domestic companies a sense of protection from foreign competitors which removes the incentive for them to reinvest in their factories making them more productive. Over the long term, tariffs lower our standard of living because they increase our cost of living and don’t create more jobs, or higher paying jobs. Also, net revenue to the government will actually go down because tariffs will slow economic growth thereby reducing income tax revenue.

      What we need in this country is a desire to actually compete in the global markets again. Too many of our people think that we are entitled to sell our products to foreign customers because we are the USA, or that all we need to do is close our trading borders and just do business with the USA and everything will be fine. Unfortunately, there’s just not enough business in the USA to sustain many of our businesses today. So if tariffs were levied in any significant way, many of these businesses would be forced to locate most of their new factories and offices off shore. This works opposite to your goal of creating more high paying jobs in this country and generating sufficient tax revenue to pay for our high price government.

      • Mark in LA

        Well george if that were true then why does everybody else finagle their tax and import laws to create effective barriers to our products? Why did our use of tarifss allow us to become an industrial powerhouse? Tariffs do increase the costs of goods but that is compensated by increasing the number of Americans working at good jobs. That is the most important point getting people into productive work.

        • George E

          Mark,

          You can levy tariffs to help specific domestic industries for short periods with little damage to your economy, but if these tariffs are sustained for long periods, the tendency is for them to hurt those industries you are trying to help (for reasons cited above). So, when our foreign competitors levy tariffs on our products coming into their countries, they simply increase the cost of our products for their people and industries more than they should be. These tariffs also impede them from acquiring the benefits from our technologies, again putting their economy at a disadvantage in this respect. So, this is actually a disadvantage that their industries have in competing with our industries. Unfortunately, these disadvantages are often more than offset by disadvantages our industries have in competing with their industries, like higher manufacturing and overhead costs, driven by such things as labor, taxes, regulations, and the like. I believe our industries can compete with our foreign competitors and create good high paying jobs in this country, but to do so, we’ve got to get serious about competing and get out of our entitlement attitude. This will take all of us working together to create the right environment for our businesses to prosper and grow. Fighting over fairness, equality, and class identification is an anchor that will keep us from working together to get the job done so that most people can benefit.

          • Mark in LA

            Stop with the koolaid drinking Ed. The idea that tariffs cause companies to stop innovating is nonsense. You just take it as an act of faith because you have bought the free trade nonsenee hook line and sinker. Tariffs are not stopping China from modernizing. They did not stop Japan and South Korea from modernizing their products. Tariffs did not stop Detroit from becoming the most innovation place from 1920-1950 for automobiles did it?

          • George E

            Mark,

            I acknowledge that I may not be as objective as I could be since I do profess to be right-of-center in my political philosophies. Can you be as honest about your personal biases? Having said that, I would like to share an article I found which was written by one of my heroes and one of the greatest economist of our time on the subject of free trade. I recommend you spend a few minutes reading it and thinking about what he says on this subject. Maybe you will respect what Dr. Friedman says, even if you don’t respect my opinions. http://www.hoover.org/publications/hoover-digest/article/7125

  • http://moniquer7 Merlin

    Capitalism may not be a perfect economic system. It has had its ups and downs and we have to constanly work at it. But it is the best system available so long as we are dealing with human beings. It has not failed. It has contnued to work and provide the best oppertunities to the general population. Markist, socialist, and communist economic systems are the ones that have repeatedly failed and been proven not to work. This speech is clear as to the change that Obama wants for our country. and we only have to look south to Cuba to see the future that he envisions for us.

    • Capitalist at Birth

      When have true free markets ever failed? Are you talking about the contraction of money supply by the Federal Reserve that lead to the Stock Market Crash of 1929? That was a deliberately caused recession, a perfect example of interference in the free market by greedy people experimenting with their control. Or the raising of taxes during a recession by Herbert Hoover to reign in the supposed free markets, which were blamed for the Stock Market crash? I could list infinite examples of interference in the free market, but I don’t have time.

    • Aurelio

      Right on. I come from that communist cesspool. But allow me to point out that politics is just about power, human life is just about power. Even in our homes there is always somebody who wants to subjugate the rest. It’s part of our make up. Communist take it to the extreme and it becomes a “raison d’etat”. But don’t forget: a communist starts out as a liberal first, then it degenerates even more.

      • Ted Crawford

        Aurelio
        Our country has suffered a similar degeneration, from its founding as a Republic into our current Democracy!Many fail to see this as a problem. It surely is one!

        Alexander Fraser Tyler explained why in 1787, “A Democracy cannot exist as a permenant form of government. It can only exist untill the voters discover they can vote themselves largesse from the public treasury. From that moment on, the majoriety always votes for the candidates promising the most benifits from the public treasury, with the results that a Democracy always collapses over loose fiscal policy and is always followed by a Dictatorship”!
        We seem determined to follow that pattern!

  • Henry Ledbetter

    In order for a republic to continue it must have morality which includes honesty and integriity. God and His Word teach this but we dare not allow that to be taught in our schools for it might influence the mind of those young people. Has anyone noticed that the nation has gone backward since we kicked God out of our schools in the 60′s and 70′s. “Except THE LORD builds the house, we labor in vain that build it” True freedom can only come from God but captalism .and the 2nd amendment is needed to keep it. .One thing for sure. if we continue our present path, antichrist will be your ruler. I hope to set that seven year stretch of total misery and depravity in a different setting. Wake up and embrace Jesus and the constituition if you want freedom.

  • Raggs

    In order for oblama to become the world dictator he has to destroy the only nation that stands in his way the USA.

    If many of you think that he is a total evil puppet just give him four more years… With four more years nothing will hold him back as it stands now he is procrastinating and he is waiting to finish his job in the destruction of the US. Just give him four more years and he will succeed….

  • Brickbud1

    I read every comment today. First time on site. Thanks Freedomfighter, Averagejoe, Vagabond, Ellen, fiscalsoundbiteme, Claire, Barbara,Grusling and bye bye Monte. Robsmith, CP & Brenda. Go to Cuba. obamacare affordable – more Koolaide. More Rergulations – 70,000 new ones in 3 years – More coolaide. Payroll Tax not the Fed Income Tax – More Koolaide. obama is a skunk but more a cammellian (spelling)and he has done more harm to this contry in 3 years then any one president or gongress in the last 50 years. He has spent more money than any others in the past by far. He talks about supporting the poor as he and moochele spend like its theirs. Look at his backers, Chuck the suck Schumer, Nan the #1 KoolAide drinker Pelosi, Harry Please retire Reid, , Joe where am I Biden, Shiela Jackson, Lisa the EPA nut , Chris Matthews. Yikes. The fact of the matter is we are screwed up right now and if he wins a 2nd term we are done. Whomever the Repub candidate is we have to support and control the negatives. obama has to go. He is not smart. He is a coy, cunning hypocrite pushed by the liberal socialst backers and the media. He lies eveytime his mouth moves.. Man, sorry for the rant.
    Thanks and all have a Merry CHristmas and Happy New Year. (offended anyone) IN God We Trust, Don’t Tread on Me, Semper Fi,

  • Brickbud1

    Sorry Back again. Forgot to mention his other great backers, Eric I din’t know Holder, Krafty Kagan Oh yeah and Dickhead Durbin.

    Later

  • Jeremy Leochner

    In President Obamas statement I see the areas where capitalism or rather extreme capitalism lets us down. Cutting spending is necessary to prevent our debt from getting any more out of control. And I would agree too much regulation can stifle rather then help the economy. In regards to taxes and cutting regulations however I disagree. Though the historical precedent shows that taxes that are too high can hurt the economy so can having taxes that are too low. After all the capital gains tax and the marginal tax on the top 2% of Americans has been decreasing for the past 15 years. Most recently with the Bush tax cuts the marginal tax and capital gains tax were decreased to the lowest they have ever been. And yet in these recent years the economy has tanked rather than grown. I believe spending must be cut. But I feel we need to generate revenue to support the bills we have to pay like defense and social services. We need to be careful about regulations. I believe regulations prevent corporations from taking advantage of their customers with defective products and more importantly it allows for judicial consequences for the kind of white collar crimes that helped create the financial downturn. Collectivism and Communism are too extreme. However I feel a strict adherence to Capitalism is also too extreme. We need a balanced approach. I feel regulation, cutting spending, with moderate tax increases on capital gains, the marginal tax rate on those making more than 250,000 a year and closing some corporate tax loopholes is a better strategy than choosing between less taxes, less spending and less regulation on one hand and more taxes, more spending and more regulation on the other.

    • George E

      Jeremy,

      Moderation and balance is always a good guideline in everything we do. However, in the case of our government, they are spending like there’s no tomorrow against a “credit card” in our name. Eventually, we’re going to have to pay the bill. To balance the budget right now, they would have to cut spending by around 40% or raise that much more revenue. That’s a lot in either direction. I really don’t think most Americans will object to paying more in taxes to pay down the debt when push comes to shove. The problem I have is that I have no confidence that if we pay another 10%, 20%, or any number you choose in additional taxes that any of it will actually go toward paying down the debt. Our government will find something else to squander it away on. That’s why I think it’s important for us to force our government to go on a spending diet first so we have confidence they won’t continue to waste all the additional money they get from us. Whether you think tax rates are too high or too low, one thing we should be able to agree on is that the government should take no more from its citizens than absolutely necessary to do the business it is chartered to do. When it takes more than necessary it takes part of the freedom from its citizens, including their ability to invest and grow their businesses and livlihoods.

  • Mike

    Critique of Obama – is it even necessary at this point?

  • Jefferson Thomas

    Quick summation from Fredric Bastiat:

    “Government is the great fiction, through which everybody endeavors to live at the expense of everybody else”.

    • bob wire

      Sound good to say perhaps but what about the liberty that you now enjoy that you personally didn’t pay for? Does “others” personal sacrifice that you now enjoy worthy your effort to be a part of what they died for or are you completely without any indebtedness and beholding to none?

  • http://americancensorship.org/infographic.html Sophia

    The delightful thing is while you folks go back and forth about this nonsense article, government is passing laws that will censor all your remarks in the future. Heck, maybe this whole website will be banned. :)

    http://americancensorship.org/infographic.html

    Keep on wasting you time arguing among each other; that’s exactly where government wants you, regardless of who is in office.

  • http://google Leonard W. Giddens

    This article is right on the money but it is a shame it won’t be read by the sorry a## people that want to set on it and wait for others who has worked hard to achieve to be raped by this liar to give to them. These are the people that only listen to the Democrats because they tell them what they want to hear: who is black enough, whom to hate in the black race and who to love, when to speak and when not to speak. These lazy people are morons, they need someone else to do the thinking for them. They only listen to this illegal and not a real president. The race I speak of, this man doesn’t give a rat’s ash tray about them and he let’s it show but they are too dumb to know it. This man is in love with gays, unions, illegals, baby killers and our worst enemy, the muslims.

  • Buck

    If Capitalism doesn’t work , why does every communist and socialist country have to eventually go to it ? Only more proof Obamass is an incompetent moron who was put in office by progressives so they could use the race card against anyone intelligent enough to dispute his actions and policies .

  • Steve

    What does work? Well, if we listen closely to the TPGOP we can see that their ways will work only for the very wealthy, not the rest of us…

    Republicans’ number one, non-negotiable priority is to protect millionaires and billionaires from paying even one more penny in taxes. TPGOP is there to protect and serve the mega wealthy and we are just here to provide the money for them. IT can’t come from any place else so it has to come from us…

    • Doug

      Really Steve how about doing some research and stop drinking the kool aid here are some facts for you about taxes!

      First off, what President Bush enacted into law cut taxes across the board on everyone, not just the upper echelon. The 15 percent rate dropped to 10 percent, 27 percent to 25 percent, 30 percent to 28 percent, 35 percent to 33 percent, and 39.6 percent to 35 percent. Now go ahead and ask a lib which income bracket received the highest cut. Oh, snap: That would be the lowest income threshold, which nosedived five percentage points.

      The whole “tax cuts for the rich” is pure bunk, a lie that liberals shamelessly popularize. Not that this should surprise us one bit. Here we have a Democrat Party in America that couldn’t agree on a puny $1.2 trillion in spending reductions over a 10-year-period. That means that Harry Reid and Nancy Pelosi’s minions refused to slice off what amounts to $120 billion dollars a year of a federal budget nearly topping $4 trillion. Instead they insisted that taxes be jacked up to pay for their statist programs.

      Next up, we have the line that tax cuts blew the lid off of our deficit. That’s funny, because during the last year a Republican budget controlled Congress (fiscal year 2007), the deficit stood at a minuscule $161 billion dollars. $161 billion! That’s at least five years into the tenure of those evil tax cuts. Moreover, as HUMAN EVENTS has previously reported, federal tax receipts actually went up while the tax cuts were accelerating. In other words, the United States Treasury received more money not less because of the Bush tax cuts that we’re told ruined America’s economy.

      See for yourself:

      $1.88 trillion in 2004

      $ 2.15 trillion in 2005

      $ 2.4 trillion in 2006

      $ 2.6 trillion in 2007

      The last figure was actually the highest dollar amount brought into the Treasury Department… ever. That’s right, folks. While Democrats wail and whine about tax cuts as the main culprit for this country’s deficit woes, it turns out that we were bringing in bagfuls of money at historic proportions during that same time.

      Idiots.

      Then there are the politically-savvy, but totally fallacious, calls for “shared sacrifice.” Naturally the Democrats don’t use that phrase to describe the nearly 50 percent of Americans who don’t pay any federal income taxes, but instead those who already pay the bulk of all federal, state, and local taxes. That aside, it’s the spending side of the lever that is completely out-of-whack, and has been so for a while. We’re now in our third straight year in a row with deficits exploding past $1 trillion dollars.

      So when a lib is babbling to you about “shared sacrifice,” you can remind him that his great leader Messiah Obama shattered two spending records: Giving America her first-ever $1 trillion dollar deficit, and number two, extending that history-making deficit three consecutive years.

      Heck, this guy has managed to increase the national debt by more than the first 41 presidents combined (George Washington to George Bush), and he’s managed to accomplish this feat in a mere 32 months.

      You go, Barack!

      And there you have it, the cutting evidence you need at your finger tips to eviscerate those unending lefty desires to slam us against the locker room and raid our wallets some more. Time to hit these Dems back

      • bob wire

        “Nov 17, 2011 – Obama Took Office = National Debt Was $10626 Trillion ~ Obama’s National Debt Today $15 TRILLION.

        The last time I looked it was 14.7 trillion This makes “O” to have spent roughly 4.7 Trillion dollars in a little over 3 years time. ( Not a much as some seem to want to claim)

        In a February 28, 2001, message to the Congress, Bush estimated that there would be a $5.6 trillion surplus over the next ten years.[94] Facing opposition in Congress, Bush held town hall-style public meetings across the U.S. in 2001 to increase public support for his plan for a $1.35 trillion tax cut program—one of the largest tax cuts in U.S. history.[46] Bush argued that unspent government funds should be returned to taxpayers, saying “the surplus is not the government’s money. The surplus is the people’s money.”[46] With reports of the threat of recession from Federal Reserve Chairman Alan Greenspan, Bush argued that such a tax cut would stimulate the economy and create jobs.[95] Others, including the Treasury Secretary at the time Paul O’Neill, were opposed to some of the tax cuts on the basis that they would contribute to budget deficits and undermine Social Security.[96] O’Neill disputes the claim made in Bush’s book “Decision Points” that he never openly disagreed with him on planned tax cuts.[97] By 2003, the economy showed signs of improvement, though job growth remained stagnant.[46] Another tax cut program was passed that year.

        Deficit and debt increases 2001–2009. Gross debt has increased over $500 billion each year since FY2003.

        Under the Bush Administration, real GDP grew at an average annual rate of 2.5%,[98] considerably below the average for business cycles from 1949 to 2000.[99][100]

        Bush entered office with the Dow Jones Industrial Average at 10,587, and the average peaked in October 2007 at over 14,000. When Bush left office, the average was at 7,949, one of the lowest levels of his presidency.[101] Unemployment originally rose from 4.2% in January 2001 to 6.3% in June 2003, but subsequently dropped to 4.5% as of July 2007.[102] Adjusted for inflation, median household income dropped by $1,175 between 2000 and 2007,[103] while Professor Ken Homa of Georgetown University has noted that “after-tax median household income increased by 2%”[104] The poverty rate increased from 11.3% in 2000 to 12.3% in 2006 after peaking at 12.7% in 2004.[105] By October 2008, due to increases in domestic and foreign spending,[106] the national debt had risen to $11.3 trillion,[107][108] an increase of over 100% from the start of the year 2000 when the debt was $5.6 trillion.[109][110] Most debt was accumulated as a result of what became known as the “Bush tax cuts” and increased national security spending.[111] By the end of Bush’s presidency, unemployment climbed to 7.2%.[112] The perception of Bush’s effect on the economy is significantly affected by partisanship.

        “O” administration has going though loot twice as fast if you figure in the time, but still 7.6 Trillion short of doubling it like his predecessor. Ending these wars to no where will slow it some. But it should be clear to everyone, America has over spent and over reach unless it’s people are willing to accept higher taxes. We could not afford G W’s tax cut and fight two unfunded wars all at the same time.

        Seems our politician today, still do not get it. O” has only bought us some time with this “spending” as it cannot be sustained without taxing at the original 2001 rate.

        It is a Ron Paul vote or stay the course with “O”, I’m thinking Ron Paul myself at this point as I see no budge coming from the GOP.

        But I truly believe this is beyond what any one man/woman can do, this grid lock on the hill is killing us. Can’t Ron Paul end it? That his plan, to end the bull.

        I notice that there’s a few billion dollars discrepancy in my posting, as I used two separate sources , what’s a few billion among friends?

        Tax cuts is all fine and good, but Wars need to be funded ! These 10 year wars never were. We hurt over it still as one still continues and is still “UNFUNDED” yet these tax cuts remain in place.

        I’m willing to give up my tax cut, to correct this imbalance or bring all of our troops home NOW! It’s one or the other.

    • Doug

      Also Steve here is a little something about the Demorats they don’t want you to know! Am I Republican no but they are further from Communism and Marxism then almost all Demorats. And when you are done make sure you get back on the plantation!

      1. October 13, 1858
      During Lincoln-Douglas debates, U.S. Senator Stephen Douglas (D-IL) states: “I do not regard the Negro as my equal, and positively deny that he is my brother, or any kin to me whatever”; Douglas became Democratic Party’s 1860 presidential nominee
      April 16, 1862
      Republican President Lincoln signs bill abolishing slavery in District of Columbia; in Congress, 99% of Republicans vote yes, 83% of Democrats vote no
      July 17, 1862
      Over unanimous Democrat opposition, Republican Congress passes Confiscation Act stating that slaves of the Confederacy “shall be forever free”
      January 31, 1865
      13th Amendment banning slavery passed by U.S. House with unanimous Republican support, intense Democrat opposition
      April 8, 1865
      13th Amendment banning slavery passed by U.S. Senate with 100% Republican support, 63% Democrat opposition
      November 22, 1865
      Republicans denounce Democrat legislature of Mississippi for enacting “black codes,” which institutionalized racial discrimination
      February 5, 1866
      U.S. Rep. Thaddeus Stevens (R-PA) introduces legislation, successfully opposed by Democrat President Andrew Johnson, to implement “40 acres and a mule” relief by distributing land to former slaves
      April 9, 1866
      Republican Congress overrides Democrat President Johnson’s veto; Civil Rights Act of 1866, conferring rights of citizenship on African-Americans, becomes law
      May 10, 1866
      U.S. House passes Republicans’ 14th Amendment guaranteeing due process and equal protection of the laws to all citizens; 100% of Democrats vote no
      June 8, 1866
      U.S. Senate passes Republicans’ 14th Amendment guaranteeing due process and equal protection of the law to all citizens; 94% of Republicans vote yes and 100% of Democrats vote no
      January 8, 1867
      Republicans override Democrat President Andrew Johnson’s veto of law granting voting rights to African-Americans in D.C.
      July 19, 1867
      Republican Congress overrides Democrat President Andrew Johnson’s veto of legislation protecting voting rights of African-Americans
      March 30, 1868
      Republicans begin impeachment trial of Democrat President Andrew Johnson, who declared: “This is a country for white men, and by God, as long as I am President, it shall be a government of white men”
      September 12, 1868
      Civil rights activist Tunis Campbell and 24 other African-Americans in Georgia Senate, each one a Republican, expelled by Democrat majority; would later be reinstated by Republican Congress
      October 7, 1868
      Republicans denounce Democratic Party’s national campaign theme: “This is a white man’s country: Let white men rule”
      October 22, 1868
      While campaigning for re-election, Republican U.S. Rep. James Hinds (R-AR) is assassinated by Democrat terrorists who organized as the Ku Klux Klan
      December 10, 1869
      Republican Gov. John Campbell of Wyoming Territory signs FIRST-in-nation law granting women right to vote and to hold public office
      February 3, 1870
      After passing House with 98% Republican support and 97% Democrat opposition, Republicans’ 15th Amendment is ratified, granting vote to all Americans regardless of race
      May 31, 1870
      President U.S. Grant signs Republicans’ Enforcement Act, providing stiff penalties for depriving any American’s civil rights
      June 22, 1870
      Republican Congress creates U.S. Department of Justice, to safeguard the civil rights of African-Americans against Democrats in the South
      September 6, 1870
      Women vote in Wyoming, in FIRST election after women’s suffrage signed into law by Republican Gov. John Campbell
      February 28, 1871
      Republican Congress passes Enforcement Act providing federal protection for African-American voters
      April 20, 1871
      Republican Congress enacts the Ku Klux Klan Act, outlawing Democratic Party-affiliated terrorist groups which oppressed African-Americans
      October 10, 1871
      Following warnings by Philadelphia Democrats against black voting, African-American Republican civil rights activist Octavius Catto murdered by Democratic Party operative; his military funeral was attended by thousands
      October 18, 1871
      After violence against Republicans in South Carolina, President Ulysses Grant deploys U.S. troops to combat Democrat terrorists who formed the Ku Klux Klan
      November 18, 1872
      Susan B. Anthony arrested for voting, after boasting to Elizabeth Cady Stanton that she voted for “the Republican ticket, straight”
      January 17, 1874
      Armed Democrats seize Texas state government, ending Republican efforts to racially integrate government
      September 14, 1874
      Democrat white supremacists seize Louisiana statehouse in attempt to overthrow racially-integrated administration of Republican Governor William Kellogg; 27 killed
      March 1, 1875
      Civil Rights Act of 1875, guaranteeing access to public accommodations without regard to race, signed by Republican President U.S. Grant; passed with 92% Republican support over 100% Democrat opposition
      January 10, 1878
      U.S. Senator Aaron Sargent (R-CA) introduces Susan B. Anthony amendment for women’s suffrage; Democrat-controlled Senate defeated it 4 times before election of Republican House and Senate guaranteed its approval in 1919. Republicans foil Democratic efforts to keep women in the kitchen, where they belong
      February 8, 1894
      Democrat Congress and Democrat President Grover Cleveland join to repeal Republicans’ Enforcement Act, which had enabled African-Americans to vote
      January 15, 1901
      Republican Booker T. Washington protests Alabama Democratic Party’s refusal to permit voting by African-Americans
      May 29, 1902
      Virginia Democrats implement new state constitution, condemned by Republicans as illegal, reducing African-American voter registration by 86%
      February 12, 1909
      On 100th anniversary of Abraham Lincoln’s birth, African-American Republicans and women’s suffragists Ida Wells and Mary Terrell co-found the NAACP
      May 21, 1919
      Republican House passes constitutional amendment granting women the vote with 85% of Republicans in favor, but only 54% of Democrats; in Senate, 80% of Republicans would vote yes, but almost half of Democrats no August 18, 1920
      Republican-authored 19th Amendment, giving women the vote, becomes part of Constitution; 26 of the 36 states to ratify had Republican-controlled legislatures
      January 26, 1922
      House passes bill authored by U.S. Rep. Leonidas Dyer (R-MO) making lynching a federal crime; Senate Democrats block it with filibuster
      June 2, 1924
      Republican President Calvin Coolidge signs bill passed by Republican Congress granting U.S. citizenship to all Native Americans
      October 3, 1924
      Republicans denounce three-time Democrat presidential nominee William Jennings Bryan for defending the Ku Klux Klan at 1924 Democratic National Convention
      June 12, 1929
      First Lady Lou Hoover invites wife of U.S. Rep. Oscar De Priest (R-IL), an African-American, to tea at the White House, sparking protests by Democrats across the country
      August 17, 1937
      Republicans organize opposition to former Ku Klux Klansman and Democrat U.S. Senator Hugo Black, appointed to U.S. Supreme Court by FDR; his Klan background was hidden until after confirmation
      June 24, 1940
      Republican Party platform calls for integration of the armed forces; for the balance of his terms in office, FDR refuses to order it
      August 8, 1945
      Republicans condemn Harry Truman’s surprise use of the atomic bomb in Japan. The whining and criticism goes on for years. It begins two days after the Hiroshima bombing, when former Republican President Herbert Hoover writes to a friend that “The use of the atomic bomb, with its indiscriminate killing of women and children, revolts my soul.”
      September 30, 1953
      Earl Warren, California’s three-term Republican Governor and 1948 Republican vice presidential nominee, nominated to be Chief Justice; wrote landmark decision in Brown v. Board of Education
      November 25, 1955
      Eisenhower administration bans racial segregation of interstate bus travel
      March 12, 1956
      Ninety-seven Democrats in Congress condemn Supreme Court’s decision in Brown v. Board of Education, and pledge to continue segregation
      June 5, 1956
      Republican federal judge Frank Johnson rules in favor of Rosa Parks in decision striking down “blacks in the back of the bus” law
      November 6, 1956
      African-American civil rights leaders Martin Luther King and Ralph Abernathy vote for Republican Dwight Eisenhower for President
      September 9, 1957
      President Dwight Eisenhower signs Republican Party’s 1957 Civil Rights Act
      September 24, 1957
      Sparking criticism from Democrats such as Senators John Kennedy and Lyndon Johnson, Republican President Dwight Eisenhower deploys the 82nd Airborne Division to Little Rock, AR to force Democrat Governor Orval Faubus to integrate public schools
      May 6, 1960
      Republican President Dwight Eisenhower signs Republicans’ Civil Rights Act of 1960, overcoming 125-hour, around-the-clock filibuster by 18 Senate Democrats
      May 2, 1963
      Republicans condemn Democrat sheriff of Birmingham, AL for arresting over 2,000 African-American schoolchildren marching for their civil rights
      September 29, 1963
      Gov. George Wallace (D-AL) defies order by U.S. District Judge Frank Johnson, appointed by President Dwight Eisenhower, to integrate Tuskegee High School
      June 9, 1964
      Republicans condemn 14-hour filibuster against 1964 Civil Rights Act led by U.S. Senator and former Ku Klux Klansman Robert Byrd (D-WV), who served in the Senate until his death in 2010. At Byrd’s funeral, former Democrat President Bill Clinton said, “He once had a fleeting association with the Ku Klux Klan, what does that mean? I’ll tell you what it means. He was a country boy from the hills and hollows from West Virginia. He was trying to get elected. And maybe he did something he shouldn’t have done come and he spent the rest of his life making it up. And that’s what a good person does. There are no perfect people. There are certainly no perfect politicians.”
      June 10, 1964
      Senate Minority Leader Everett Dirksen (R-IL) criticizes Democrat filibuster against 1964 Civil Rights Act, calls on Democrats to stop opposing racial equality. The Civil Rights Act of 1964 was introduced and approved by a staggering majority of Republicans in the Senate. The Act was opposed by most southern Democrat senators, several of whom were proud segregationists—one of them being Al Gore Sr. Democrat President Lyndon B. Johnson relied on Illinois Senator Everett Dirksen, the Republican leader from Illinois, to get the Act passed.
      August 4, 1965
      Senate Republican Leader Everett Dirksen (R-IL) overcomes Democrat attempts to block 1965 Voting Rights Act; 94% of Senate Republicans vote for landmark civil right legislation, while 27% of Democrats oppose. Voting Rights Act of 1965, abolishing literacy tests and other measures devised by Democrats to prevent African-Americans from voting, signed into law; higher percentage of Republicans than Democrats vote in favor
      February 19, 1976
      Republican President Gerald Ford formally rescinds Democrat President Franklin Roosevelt’s notorious Executive Order authorizing internment of over 120,000 Japanese-Americans during WWII
      September 15, 1981
      Republican President Ronald Reagan establishes the White House Initiative on Historically Black Colleges and Universities, to increase African-American participation in federal education programs
      June 29, 1982
      Republican President Ronald Reagan signs 25-year extension of 1965 Voting Rights Act
      August 10, 1988
      Republican President Ronald Reagan signs Civil Liberties Act of 1988, compensating Japanese-Americans for deprivation of civil rights and property during World War II internment ordered by FDR
      November 21, 1991
      Republican President George H. W. Bush signs Civil Rights Act of 1991 to strengthen federal civil rights legislation
      August 20, 1996
      Bill authored by U.S. Rep. Susan Molinari (R-NY) to prohibit racial discrimination in adoptions, part of Republicans’ Contract With America, becomes law
      And let’s not forget the words of liberal icon Margaret Sanger, founder of Planned Parenthood and someone Hillary Clinton has said is one of her heroes. Sanger said, “We should hire three or four colored ministers, preferably with social-service backgrounds, and with engaging personalities. The most successful educational approach to the Negro is through a religious appeal. We don’t want the word to go out that we want to exterminate the Negro population….”

      • George E

        Wow! Nice history lesson. Thanks.

      • Aurelio

        Doug, amazing and scary. Those old good dems!Thanks a lot for sharing this incredible piece of our History.

      • OkieRon

        Thanks for this! It is good–and it speaks to a historical truth that gets overlooked in all these hate rants: The values of the Democratic Party and the Republican Party flipped and did a 180…somewhere in the mid-’60s and mostly over civil rights. Richard Nixon was the first Republican to sweep since Lincoln to sweep all the states of the former Confederacy in 1968. He did it with what Kevin Phillips–his political strategist in ’68–called, appropriately “The Southern Strategy”. It exploited the gap developing between the progressivism the emerged in the Democratic Party which had (as recently as Woodrow Wilson) been profoundly racist and anti-progressive–and the Dixiecrats, a democratic party backlash in the Olde Southe which liked their slaves right where they used to be circa 1860. Nixon calculated that if he could bend the party of such relative liberals as Abraham Lincoln, Theodore Roosevelt,Dwight Eisenhower–and even later in his life, Barry Goldwater–to a hard right and embrace all the xenophobia and distrust of book-learnin’ present in the old South, they could sweep the Republican Party into a glorious descent into a weird olde-timey mix of church and state and racism that would make it unrecognizable to people like Eisenhower and T.R. Futhermore, neither Lincoln, T.R., Eisenhower, nor Goldwater could ever be a candidate in the modern Republican–let alone Tea–Party. They were far too moderate, progressive, conservative, or liberal for the radicalism that now passes for “Republican Conservative Values”. Grover Norquist, Karl Rove, Lord Limbaugh, et al., would see that all of them were swiftboated way before the S. Carolina primaries.

        It’s interesting that Richard Nixon lost to Kennedy by a very narrow margin in 1960. The most significant factor may be that Eisenhower wouldn’t endorse his former vice-president for the Republicans because he just didn’t like the guy–he thought he was a greedy opportunist who would sell out the Republican Party and the country to the highest bidder. Remember Ike’s “Military-Industrial Complex” speech? The only presidential farewell address since Washington, and precisely because he wanted America to take notice of what was coming–a government controlled and manipulated by Big Corporate in ways that had no historical precedent. And he knew Nixon would be instrumental in that corporate takeover and privatization of government. That’s why he wouldn’t endorse him officially until only a few weeks before the election in ’60. He just had a bad feeling about the guy.

        So think about it: Nixon gave the Republican Party “Rat-f***ing”–the term for filthy, quasi-legal-at-best politics. He gave us Watergate. He gave us the Secret War in Cambodia. He gave us Donald Rumsfeld, Dick Cheney, and Paul Wolfowitz, among others–all of ‘em got their glorious careers started in his White House. He also gave us Roger Ailes and Fox News, specifically discussed as a propaganda machine to counter the liberal media “bias” toward exposing the facts that Nixon was a crook and had to resign rather than be impeached. Fox was a Nixonian brainchild, and has emerged as a leader in exposing the entire world and all of world history as a vast, clever, liberal “plot” spanning centuries to destroy America–and only the handful of guys at Fox News and websites like this one are the keepers of All Real Truth.

        But yes, you’re right. The Republican Party used to be about values that would be considered treasonous by this modern monstrosity palming itself off as Republican conservatism today. The modern Republican Party is more like the “Confederacy Party”, with it’s commitment to protect a small, rich, white oligarchy of plantation owners and the admonition to keep it’s dumb white sharecroppers in line and not be “uppity”. It’s platform includes distrust of foreigners, catholics, Jews, and black people. Economically, they build their redistribution of wealth to the top on the backs of lots and lots of slaves. And they encourage the use of armed insurrection to oppose the “Big Government” Yankee Devils, led by the evil Abraham Lincoln.

        Thus you could say Richard Nixon turned the Party of Lincoln, ironically, into the Party of John Wilkes Booth, who solved with the bullet what he lost with the ballot.

        How does that chant go? “C-S-A! C-S-A!”

  • SMSgt Z (ret) Nam 68

    Capitalism works just fine except when the Capitalists are not watched and regulated. A prime example of Capitalists gone wild can be found in a book called “RETIREMENT HEIST” by Ellen E. Schultz. In this book you will read how almost every major corporation raided there completely funded workers pension systems for only one reason GREED.
    The Republicans/Conservative all say cut regulations,close agencies etc,etc.
    They should also be saying bring back the company towns and the company store.The middle class needs to learn there place
    How dare they want a equable tax code,clean air,safe water,etc,etc those ungrateful unwashed

  • dick

    Heir B.O champions the redistribution of wealth through tax increases on the top 1%. The fact is, if you doubled the income taxes on everyone, the additional $900 billion would not be enough to cover the $1.3 trillion spending deficit. Heir B.O and Bernanke are redistributing the wealth through hyperinflation. The 99% are paying more for food, gas, utilities, housing, taxes and all the other nondiscretionary spending items that impact our daily lives. The government wants a tyrannical police state that controls the 99% and they are doing it through wasteful government spending, corresponding debt and lies.

  • john t

    well, obama and his minions had their chance to make a good impression on we American people. but, he failed in all aspects and hopefully will not be in for a second term as president and mess things up even more. all the democrats want to do is rob the American public blind. fdr and jfk were dems, and it was not this way with them. dems, today have a warped sense of values. lets hope for in the future that this changes for the good of all.

    • Ranger 1

      John:

      Good point; however, as a lifelong registered Republican in my mid-70′s, I can tell you my current Republican Party is a complete embarrassment. With Obama as vulnerable as he is, the fact that we can’t find a single serious, intelligent, knowledgeable candidate is tragic. All we get is serial hypocrites, serial abusers, serial know-nothings! It’s just sad. My type of Republicans were Ike, TR, even Lincoln. I doubt that any of those men would even be allowed in today’s GOP, which is controlled by religious wacko’s, greedy S.O.B.’s, and male chauvinist pigs!

  • dick

    Heir B.O champions the redistribution of wealth through tax increases on the top 1%. The fact is , if you doubled the income taxes on everyone, the additional $900 billion would not be enough to cover the $1.3 trillion spending deficit. Heir B.O and Bernanke are redistributing the wealth through hyperinflation. The 99% are paying more for food, gas, utilities, housing, taxes and all the other nondiscretionary spending items that impact our daily lives. The government wants a tyrannical police state that controls the 99% and they are doing it through wasteful government spending, corresponding debt and lies.

  • Ranger 1

    Isn’t it just a bit ironic, that absolutely everything Mr. Ringer advocates for, . . . . . . . . is precisely what led to this major depression we’re stuck in???? Sorry folks, but that’s an irrefutable FACT! (I know, FACTS are such inconvenient things!) Ringer says, “When the government leaves people alone, it makes it easier for them to innovate and create wealth.” That’s right, Bob, but no matter what that unwise 5-4 decision by the Supremes in the “Citizen’s United” case said, Multinational Corporations, who at present RUN THE WORLD, are NOT people! It’s truly unfortunate that the Sherman Anti-trust Act has not been enforced since Reagan, and never will be as long as we have a string of Republican presidents (and I include Clinton and Obama in that group) who are all “owned” by corporations. I mean, Obama has recently been talking more like a true Progressive because he realizes he has to activate his base, who completely abandoned him in 2010 after he had shown his true “corporate colors” and selected a bunch of corporate shills to his cabinet, like Summers, Geithner, Holder, etc. How could anyone realistically expect them to control our “Runaway Oligarchy”? It’s like expecting the head of the DEA to come down on illicit drug traffic when the DEA Chief knows that after his govt. job ends, he’s going to be hired by a major drug cartel for several $million/yr. It’s not gonna’ happen, folks. That’s the mess we’re in, and until we can find someone willing to fight the corporate stranglehold on our society, enforce Sherman, do things like break up all the big banks and support state, regional, and local banks, who actually do banking, not just gambling and shafting all of us 99% types, we’re stuck.

  • Baba

    Collectiveism – Socialism -Communisim – Fascism – Hitlerism – every Socialist Democrat and others want a “piece of the pie” no matter if they work for it, steal from others or commit fraud. This is why Big Government and Bad Unions are prevelent and growing worse by the day. Count how many Socialist there are in our White House! We actually hired these fools. The ole boy on the Hill is making sure that Big Government will take over our lives and we will be under full control of a Dictator. (Dictators are Never Poor!) Listen to Obama talk TO the folks in Kansas and elsewhere. He is hanging himself and trying to destroy the Constitution. The first thing we need to do is get rid of the Federal Reserve! They answer to no one. Where is our money and how is it being used? The Federal Reserve fascilitates Big Government and Spending way beyond their means. Where is the Real Media on what Obama is actually doing to The United States of America? I wonder!

  • Robert Button

    Name me a time in the history the Democratic party has ever embraced, or fully supported Capitalism.?There is but one answer to that, NEVER. Or for that matter, When has The Democrats ever truly embraced Democracy, or the Constitution.

    • Ranger 1

      Robert:

      A corollary to that question might be . . . . . . . name me one Republican program, policy, or Act in the last 60 years that has truly benefitted this country we love! . . . . . . . . . . That’s right, you CAN’T. There isn’t one! ALL the programs that have benefitted Americans; Social Security, Child Labor Laws, Medicare, etc. have been Democratic party proposals. The very last beneficial program the Republi-CONS put forth was Ike’s Interstate freeway system. Don’t know if you recall, but to support that, he had a 91% tax rate on the highest wage earners during that time.

      • Ty

        Ranger1 -

        “The 2009 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached nearly $107 trillion in today’s dollars! That is about seven times the size of the U.S. economy and 10 times the size of the outstanding national debt.”

        http://www.ncpa.org/pub/ba662

        If you want to argue that bankrupting the country with unfunded liabilities is the legacy of the Democratic party then I sure won’t argue with you.

  • SMSgt Z (ret) Nam 68
  • SMSgt Z (ret) Nam 68
  • Patrick Corrigan

    I strongly feel that neither party is capable of any degree of honesty. Mr Obama will be gone soon enough and we will have the same bunch of crooks that were there before him. We are going to have to have a 3rd party candidate. How about the “internet” candidate. Right now theft is legal and encouraged. Lets get rid of legal bribery- LOBBYING!

  • Larry Owens

    if that is as good as Odumbo can come up with he had better start packing his bags, he under estimates the American people’s intelligence, all his balderdash is nothing but BS sugar coated and he is the only one eating it. What a DUD he is!

    • Alex

      Yes, Larry Owens, President Barack Hussein Obama has been a “Dud”, but that will not keep him from another four year term as your leader.

      As poorly as Obama has performed(Gitmo is still open, the repeal of the unconstitutional DODT took too long, kowtowing to Capital like any other MAINSTREAM CAPITALIST President), he will surely be reelected because:

      a) The Reich Wing has NOBODY to challenge him. Nobody.

      b) American working families see through the GOP plan of hurting them in hoping that the sheeple will tag Obama with their problems. HAA!! Not working! The people see that Cantor, Boner, McConnell, et al, enjoy watching jobless Americans trying to feed their children while the pigs feather the nests of other pigs. Backfire big time!! Fail!

      Now, if only President Obama will grow up and put responsible wealth redistribution, environmental safeguards, and financial tethers on this old bitch of a country…

      • http://deleted Claire

        Alex–”old bitch of a country.” Now, that’s real nice. I fail to find the humor in your comment. In fact, I resent America being called such. Wash your mouth out with soap, and take a few lessons about “respect.”

      • Aurelio

        Sorry, but if I were you I would check the latest Gallup poll in the 12 swing states. Dems registration is down, independents are up the same percentage, and the reps. stayed the same. Both Romney and Gingrich beat the “community organizer”: Mitt by more than 8 points. But, Surprise! Among independents, Mitt beats the “community organizer” by 55/37. the largest group now.
        People are hurting, and your community organizer is doing nothing, other than playing golf, giving speeches and vacationing in Hawaii.

        • http://deleted Claire

          Alex–Since when did he become my community organizer? You are barking up the wrong tree. Watch what you say–it may come back to haunt you.

  • Karolyn

    10 Greediest People of 2011

    Presenting America’s Ten Greediest of 2011

    One puts on football pageants. Another makes mega millions on a virtual farm. They all remind us how much needs to change, economically and politically, in 2012 and beyond.

    The greediest among us in 2011 probably haven’t been any greedier, as a gang, than any greedy of the recent past. They just seem that way.

    Why so? We have a whole new frame of reference. This fall’s sudden — and exhilarating — rise of the Occupy movement has helped us remember what we, as a society, had sadly forgotten: that decent, smart societies never let the few grab away rewards that ought to be shared among the many.

    Who grabbed most greedily in 2011? We have no statistical yardstick to help us make that call. You don’t, after all, have to make a million to rate as an all-star greedster. You do have to be ruthless, self-absorbed, and grossly insensitive.

    That description, we’ll admit, fits far more folks than our ten dis-honorees below. Maybe next year, we can hope, we’ll have a harder time filling out our top ten.

    10/ Paul Hoolahan: Skimming the Sugar

    Greed has never been a stranger to professional sports. But this year’s most avaricious sports character works for a nonprofit. Meet Paul Hoolahan, the chief exec at the Sugar Bowl, one of four annual college football postseason games that rotate hosting the national collegiate championship.

    The Sugar Bowl enjoys tax-exempt status and regularly touts its contributions to good causes. But Hoolahan’s favorite good cause may be his own. He took home just under $600,000 in 2009, the latest year with figures available, almost quadruple his $160,500 paycheck for the same job 13 years earlier.

    Hoolahan and his two top aides are skimming off $1 of every $10 the Sugar Bowl generates, a Washington Post analysis recently noted. At the same time, adds thet Arizona Republic, the Sugar Bowl and its three “Bowl Championship Series” partners are donating to charity only 20 cents from every $10 in revenue.

    The Sugar Bowl disputes those figures. Hoolahan’s aides say their bowl never bothers to report many donations “as charitable giving.”

    This past September, one of those unreported “donations” came to light. The Sugar Bowl had spent, a Hoolahan flack had to acknowledge, at least $3,000 on political contributions to the governor of Louisiana, a nonprofit tax law no-no.

    9/ Michael Duke: Shifting the Goalposts

    How do CEOs end up making so much? Ask Michael Duke, the chief exec at retail colossus Wal-Mart. Duke takes home his millions — $18.7 million in his company’s latest fiscal year alone — the old-fashioned way. He squeezes workers.

    But sometimes squeezing just can’t get the job done. No big deal for Michael Duke. He just moves the goal posts that determine his “pay for performance.”

    Duke moved into Wal-Mart’s CEO suite in 2009. Since then, he has ended “premium pay” for hours worked on Sundays, eliminated profit-sharing, sheared health care benefits, and cut staffing so low, Retailing Today reports, that customers sometimes can’t find shopping carts because the store where they’re shopping has no employees available to collect carts from the parking lot.

    This sort of chronic understaffing may help explain why Wal-Mart’s “same-store sales” — the business “metric” that compares a retail chain’s sales at the same group of stores from one quarter to the next — started tumbling soon after Duke took over as CEO and didn’t stop sinking until this past fall.

    This same-store nosedive should have cost CEO Duke big time at pay time, since same-store sales, explains a New York Times analysis, accounted for 30 percent of the factors that Wal-Mart used to calculate Duke’s bonus.

    But lo and behold, all of a sudden this past spring, Wal-Mart’s board of directors compensation committee eliminated same-store sales from Duke’s bonus calculations. The immediate result: Duke would receive $16 million in “performance” pay — despite Wal-Mart’s stunning same-store sales tailspin.

    Duke’s total $18.7 million paycheck for the year would represent 750 times the annual pay of a Wal-Mart worker making $12 an hour, working 40 hours a week.

    Some 75 percent of Wal-Mart workers make less than $12 an hour, notes a new report on Wal-Mart’s business model, and few Wal-Mart workers get 40 hours.

    8/ Robert Iger: Impersonating Uncle Walt

    Imagine if you could live in “the happiest place on earth.” Even better, imagine you ran it! Then you’d be Robert Iger, the CEO of the Disney entertainment empire.

    Iger became Disney’s numero uno back in 2005, and this year has been one of his best. In January, Disney announced that Iger’s latest annual compensation topped $28 million, a neat 35 percent increase over the year before.

    In October, Iger picked up a new pay deal that extends his CEO contract into 2015 and adds on a cushy final year as Disney “executive chairman” — at $2.5 million — to help him make the transition into fantasyland retirement.

    Not enough to make you happy? How about this: This fall Iger became the newest member of the Apple computer board of directors. He’ll get a six-figure tip for the gig, plus a free copy of any new Apple product he wants. Happy, happy, happy.

    Unfortunately, some housekeepers who work at the hotels in Disneyland have been raining on Bob Iger’s Disney parade. They went almost four years without a contract because they refused to accept Disney demands they feared would force them to pay hundreds of dollars a year extra for health care.

    These spoilsport housekeepers testified earlier this year at a community forum that made poor Bob Iger seem the reincarnation of Uncle Scrooge McDuck. The original Walt Disney, the hotel workers union pointed out, made 108 times what his housekeepers were making in 1966. Iger now makes 781 times as much.

    Those housekeepers just don’t understand. Uncle Walt could always whip out a pencil and draw Mickey Mouse when he wanted to feel happy. Robert Iger can only count his money.

    Iger may now have to be content with a teeny bit less. Disney officials and hotel workers finally agreed on a new contract the first week in December.

    7/ Doug Oberhelman: Threatening an Exit

    Lawmakers in Illinois, early in 2011, modestly raised their state’s corporate income tax rate to help fill a gaping state budget shortfall. That modest hike soon had the CEO at the Peoria-based Caterpillar strongly “suggesting” that his Fortune 500 firm might have to exit the state.

    Mused Caterpillar chief exec Doug Oberhelman: “I have to do what’s right for Caterpillar.”

    And maybe himself, too. In 2009, a year that saw only three U.S. corporations lay off more workers than Caterpillar, Oberhelman took home just under $3 million. His last year’s paycheck: $10.4 million.

    Caterpillar workers, meanwhile, have a new six-year contract that, one news report notes, includes no wage raises and a big boost in health care premiums.

    Caterpillar seems to exploit tax loopholes as systematically as employees. From 2004 to 2009, the company paid in Illinois income tax only 1.04 percent of its $30.4 billion in earnings.

    6/ William Weldon: Seeing No Evil

    Contact lenses. Hip implants. Over-the-counter children’s medicines. You name it, Johnson & Johnson — the world’s second-largest health care products company — has recalled it over the past three years.

    That’s one reason J&J sales have failed to increase the past two years — for the first time since the Great Depression. Jobs at J&J have fallen, too. The company has announced nearly 10,000 layoffs since 2004, the Institute for Policy Studies reports, despite $49.6 billion in profits the last three years alone.

    Could any of this profiteering, job cutting, and chronic recalling be related? Absolutely not, says Johnson & Johnson CEO William Weldon. He declared last year that J&J had no “systemic problem.”

    That may be right. Johnson & Johnson’s prime problem may be Weldon’s personal greed. In 2007, the CEO “restructured” the company and slashed J&J’s corporate quality control operation by 35 percent. The next two years, a hiring freeze made replacing newly vacant quality positions almost impossible.

    These moves were soon paying big dividends — for Weldon. He took home $25.6 million in 2009. Then came the flood of recalls and assorted other scandals from kickbacks to illegal drug marketing. The Johnson & Johnson board response? The company dropped Weldon’s annual pay — to $23.2 million.

    This past summer, a special J&J board member investigative panel cleared Weldon and his management buddies of any blame for the company’s recall disasters. Explained the panel: “Senior management never issued any directives to the effect that quality should be sacrificed for production.”

    Weldon, notes an Associated Press analysis, also serves as chairman of the Johnson & Johnson board and, as such, has nominated a host of J&J board members to their current positions.

    5/ Lloyd Blankfein: Stiffing the Sisters

    Back two years ago, Wall Street’s most powerful banker — Goldman Sachs chief Lloyd Blankfein — impishly told a British journalist he was “doing God’s work.”

    God apparently pays well. In 2007, on the eve of the financial meltdown banks like Goldman did so much to fire up, Blankfein collected a $68 million bonus, the largest in Wall Street history. The year before, his bonus hit $54 million.

    In other words, Blankfein has done more than his share to help make New York one of the world’s most unequal cities. In 2011, Blankfein had a chance to hit the restart button. He didn’t.

    In April, a Goldman Sachs required filing revealed that Blankfein, after going two years without taking a cash bonus, had gobbled up $5.4 million in bonus cash for the bank’s latest fiscal year. And plenty more in stock awards and salary. His total pay for the year: $19 million, about double his total pay the year before.

    In May, at the Goldman Sachs annual meeting, Blankfein faced a shareholder resolution — brought by four groups of nuns — that would have initiated an investigation into whether executive pay at the firm rated as “excessive.”

    Blankfein didn’t seem to think that investigation would be a good idea. At the time, he held a stash of Goldman shares worth $527.6 million. Blankfein and his allies would go on to have the nuns’ resolution crushed in shareholder voting.

    4/ Alan Mulally: Shrinking to Riches

    Alan Mulally took the Ford Motor CEO reins in 2006. Over his first three years, Ford lost $30 billion. Over his last two, Ford has gained back $9.3 billion, and that gain has become cause for corporate celebration — and a windfall for Mulally.

    In March Ford handed the chief exec $56.5 million in stock and then, a month later, announced that Mulally last year pulled down an additional $26.5 million in annual pay. That amounted to 910 times the pay of entry-level Ford workers. They had been making, ever since a 2007 concessions pact, just $14 an hour.

    United Auto Workers president Bob King calling Mulally’s spring-time take-home bonanza “morally wrong.”

    Added another UAW leader representing Ford’s Canadian workers: “It’s unconscionable that a CEO gets paid this much money as a result, quite frankly, of shrinking a company into profit.”

    3/ Larry Ellison: Loving that Real Estate

    How much more incentive to “perform” does Larry Ellison, the top exec at business software giant Oracle, need? Apparently, $77.6 million. That’s how much Ellison collected for the Oracle fiscal year that ended this past May 31.

    That piece of change added less than two-tenths of 1 percent to Ellison’s $39.5 billion personal fortune, the world’s fifth largest.

    Why does Oracle, at this point, bother ladling still more loot on Ellison? His continuing rewards, says the Oracle board compensation committee, rest on a “subjective evaluation of Mr. Ellison’s performance, the unique contributions he makes to Oracle as its founder and various other factors.”

    Among those “various other factors” may be the annual upkeep of the at least 15 personal residences Ellison owns. That upkeep may be getting to the billionaire. Or maybe just boredom. This past fall Ellison put up for sale a 6.9-acre home and horse farm combo he owns in Northern California.

    Ellison is asking $19 million for the property. He paid $23 million for it in 2005. But the $4 million haircut he’s now facing won’t be a big deal. The loss amounts to around one-hundredth of 1 percent of his fortune.

    2/ Don Blankenship: Prepping for a Comeback

    This past May, West Virginia state investigators found Massey Energy directly to blame for the 2010 blast that left 29 miners dead at the company’s Upper Big Branch coal mine. Massey CEO Don Blankenship’s management team, probers charged, had nurtured a “culture bent on production at the expense of safety.”

    Earlier this month, federal regulators agreed. They found “systematic, intentional, and aggressive efforts” to flout basic safety regulations. Under Blankenship, Massey managers kept two sets of books, one accurate for internal use and another fake for regulators.

    Says the top federal mine safety official: “Every time Massey sent miners into the UBB Mine, Massey put those miners’ lives at risk.”

    That risk taking paid off handsomely for Blankenship. He pocketed $38.2 million from 2007 through 2009, after $34 million in 2005, and retired this past December with a $5.7 million pension, $12 million in severance, another $27.2 million in deferred pay, and a lush consulting agreement.

    What about the families of the lost miners? Federal prosecutors have just reached a settlement with Alpha Natural Resources — the company that bought out Massey this past June — that will provide $1.5 million to each family.

    Blankenship could still face criminal charges. But we’ll more likely see him back in the mine business. The mega millionaire retiree has signed Kentucky state incorporation papers that identify him as the president of a new company that calls itself the McCoy Coal Group Inc. Who says Blankenship has no heart? “McCoy” turns out to be his mom’s family name.

    1/ Mark Pincus: Reaping What He Sows in FarmVille

    Mark Pincus, the venture capitalist who runs the Zynga online gaming goliath, wants it all. Money and power. Pincus appeared, early in 2011, on track to get them both.

    The 45-year-old Pincus had spent the previous four years building up Zynga — and an awesome buzz on Wall Street. Analysts were predicting that Zynga’s initial public stock offering might be the biggest IPO blockbuster since Google.

    Some analysts even floated an incredible $20 billion figure for Zynga’s total corporate net value. The Pincus personal net worth? Forbes put that at $2 billion.

    This past March, in a preview of the IPO bonanza to come, Pincus would sell off a chunk of his Zynga shares and clear a neat $110 million.

    This lucrative sale in no way loosened the Pincus lock-grip over Zynga. The Harvard MBA had structured the company’s stock to make him the only owner of Zynga’s “Class C shares,” stock that has 70 times more voting power than Zynga’s regular shares. Elsewhere in the high-tech industry, special shares typically carry only ten times the voting power of regular shares.

    But then this fall things started unraveling.

    High tech start-ups typically attract talent by offering shares of stock in their new concern, and Pincus had done just that with Zynga. But Pincus had apparently concluded, with the big IPO pending, that he had given away too many shares.

    In early November, the Wall Street Journal revealed that Zynga management had demanded that various employees “give back” their stock “or face termination.”

    Pincus, in response to the Journal story, sent out what amounted to a non-denial denial. But follow-up news reports would soon reinforce the image of Zynga as more shark tank than romper room of inspired gamers.

    The New York Times would describe a “messy and ruthless” Zynga workplace chock-full of “loud outbursts from Mr. Pincus, threats from senior leaders, and moments when colleagues broke down into tears.”

    This coverage would come on top of news that the Securities and Exchange Commission, the federal watchdog over Wall Street, had told Zynga to stop using certain “non-traditional accounting measures” that could mislead investors.

    Industry insiders were also starting to question Pincus’ supposed strategic business genius. The online future of gaming, analysts pointed out, rests in the mobile market. Other companies in that market were eating Zynga’s lunch.

    And those other companies wanted nothing to do with Pincus. Several, including the maker of Angry Birds, rejected Zynga’s offers to buy them up, fearing that “Pincus’ hard-driving personality and iron-fisted control” was going to make keeping talent a constant uphill battle.

    Early in December, amid the torrent of negative news, Pincus and Zynga signaled that the company would be asking no more than $10 per share in its upcoming IPO. That put the company’s total value at about $7 billion, only a little more than a third the estimated value that had floated around earlier in the year.

    Pincus, our greediest American of 2011, still insists he’s only creating a “meritocracy” at Zynga. The question he can’t answer: What has he — or anyone, for that matter — ever done to merit a billion dollars?

    • Karolyn

      The above is from a weekly newsletter from http://www.ips-dc.org/ (International Policy Studies) called “Too Much”

    • libertytrain

      it would have been kinder to just put a few paragraphs and a link…

    • George E

      Karolyn,

      What’s your point? We all know that CEO’s of large corporations make a lot of money.

  • Alex

    Capitalism, contrary to Mr Ringer, does NOT work.
    Capitalism breeds selfishness.
    The Earth belongs to every one of us.
    The Earth was created to provide the perfect balance of food, water, and other resources for ALL of its inhabitants. Capitalism seeks to limit supplies to the many while providing largess for the few.

    Only selfish people frightened of others rally for Dead Capitalism.

    • George E

      Alex,

      I recommend you spend more time studying economics before you start a business. In the meantime, please don’t bother applying for a job at my company. We need people who understand how to compete in a global competitive world. I don’t think you’re ready for such a challenge.

      • Alex

        Thank you, but I am not looking to work for you. Happy Holidays!

        • George E

          Oh darn. I’m really disappointed…ha. Take care, and best wishes for the holidays and new year.

  • Karolyn

    Take action against GMOs- Support ANH by contacting your senators.
    http://www.anh-usa.org/finally%e2%80%94congress-begins-to-wake-up-about-genetically-engineered-food/

  • Olin Ross

    To all fools(repukes) on this blog. Who was the president of the USA from 2000 to 2008?????When did the USA sink into this recession…..????…You are either just ignorant or prejudice. You dingbats must be suffering from amnesia and believe the rest of us are suffering from amnesia also….How many bills written by the dems have been passed since Obama been in office……How many filibusters have there been since Obama been in office….I heard that a record have been set with the number of filibusters…
    Pollution is rampant right now. If the government didn’t put regulations on these greedy robber baron companies this world would be unliveable…..Leaving these greedy companies alone would be like leaving a 5 year old alone in the house….
    This economy is no longer a free market because it is being manipulated by wall street…Supply and demand no longer dictate the prices of goods and services..These brain dead chicken dung commodity traders set the prices of most goods and services. These robber baron companies have completely gone insane over making money…The love of money is the root of all evil is so true…They are laying off American workers and outsourcing most of their products to China…What they don’t realized those people they are laying off are some of their customers…If they continue to layoff who will be buying their products, China??? This is like a cancer which will eventually eat itself up…This is sheer stupidity and insanity ……
    These voodoo economic theories are just incredible……..Most Americans are living a lie because they are ignorant and very naive..They are mentally lazy…This is the reasons most of them get the short end of the stick…

    • George E

      Olin,

      I don’t think you’re in touch with reality. I suggest you back up and take a longer look at the facts and try to judge them more objectively.

    • Aurelio

      You should move to Canada after November 2012, you are going to feel very uncomfortable under a republican president. Oh, I forgot, Canada pulled out from the Kyoto Protocol. Too bad, there will be pollution overthere too

    • JIM

      HEY OBOZO ….IS THAT YOU ?

  • Ty

    Olin Ross: I don’t have time to counter your entire post so will stick to the most obvious and easiest point to rebut.

    “Pollution is rampant right now.”

    That’s a common environmentalist claim completely unsupported by the evidence.

    Look at the chart, bottom page 8: http://epa.gov/airtrends/2010/report/sixcommon.pdf

    Each of the 6 major air pollutants have been in a steady downward trend since 1990 and probably before. That’s just where the chart starts. Lead did take a turn up at the end of this but is still lower than it was in 2004 and before.

    This is EPAs 2010 report. I don’t think 2011 has come out yet. It took me about 3 minutes to find it. I did the easy work for you. The hard part will be for you to synthesize this and reconcile it with your world-view, which seems dangerously influenced by unreliable sources.

  • ROGER, Canadian Libertarian

    The BEST “SOCIALIST” system is a TRUE FREE MARKET..Laissez Faire as we say in French Canada

    The PROBLEM is the 1 percent DONT WANT a Free Market..how do we solve THAT problem???

  • Shivertothink

    …. “it doesn’t matter how much of other people’s money you give away, it does nothing to lift people up”….

    This is so true, but the message needs to expand internationally to those people and Countries who are also given other peoples money and that also does not lift them up, instead it corrupts the rulers and causes the people to hate us for our wealth and want to destroy us NOT to take our wealth but to eliminate our egos for daring to offer them the alms that they gladly accept within this hate.. Let’s not focus on one aspect of this but rather the entire ordeal. American grown wealth should STAY in America!!

  • JSBMahwah

    You may be interested in reading the article called “Stop Payment!” in the Jan 21012 Harper’s, by Christopher Ketcham.

    On page 32, in the right most column, he quotes the following provocative statement:

    “Because capitalism, you know, is about hurting people,” he said. “It wasn’t capitalism that built this country, it was entrepreneurialism — you made a product and people needed it and it helped them, it made their lives better. The true definition of capitalism is those who seek success by the demise of others. True capitalism is the destruction of your competitor. We’re entrepreneurs.”

  • awdam

    It should read….”Obama Americas Communist”!

  • JIM

    WAKE UP AMERICA THE COMMUNIST DEMOCRAT PARTY IS AMERICAS NUMBER ONE ENEMY LED BY MEIN FUHER OBAMA AND HEIR REID THEY MEAN TO DRAG AMERICA INTO COMMUNIST SOCIALISM WEITHER WE WANT IT OR NOT

    TO ARMS !!!! TO ARMS !!!!!!
    THE GOVT IS COMING ….THE GOVT IS COMING

    • OkieRon

      I think your tirade is a coupla insults short there…what about Antichrist? That’s always a good one to get armed-to-the-teeth Christian Taliban-types worked up! What about (here’s one I like that rolls off the tongue nicely): Communazihomosocialist? (You may have to practice it a time or two, but it works) The important thing is that you keep spewing this stuff–in place of a thoughtful, erudite conversation about how to proceed with a form of capitalism that doesn’t end up destroying America and the rest of the world in the process. THAT would be a conversation worth having, and hearing from everyone at the table. Our way of life (and everybody had a piece in that) created this mess, and we’re going to have to solve it.

      On the other hand, your way is more likely to get any number of gunned-up, short on book-learnin’ nitwits to do your dirty work for ya and take with the bullet what you lose with the ballot. Then you can all crowwww that “We didn’t do anything to suggest that someone should take the life of the President of the United States!” I can already hear the denials on Fox News. And then you’ll all back away from your little Timothy McVeigh with a self-satisfied smirk of denial.

  • http://gillysrooms.blogspot.com GILLYSROOMS from AUSTRALIA

    Capitalism is not dead, its just that we have not seem pure capitalism for over a century. your right … increasing Capital Gains Tax rates does not increase sales …it delays sales decisions and the IRS get less income, decrease the rate and the IRS might get more revenue, but the regulators cant see it that way. Your country and ALL your politicians has a general belief that citizens need to be punished for any enterprise where someone makes a success of any venture. If GE is not paying a fair tax, then your politicians are to blame but permiitting it to continue and putting the strain on other tax payers. Someone must know what going on and how they getting away with it?

    I cant see how OBAMA is being blamed for all your current budget woes in your country and whilst I feel that RON PAUL has the best chance for the Republicans I will continue to be devils advocate in this debate about his policies which whilst basically correct and sound financial management of any private business or State government budget process but I disagree that the Feds can elliminate government departments and drastically cut into federal programs without it causing massive flow-on unemployment in whichever of the States these government departments have most of their staff residing and you can bet Ron Paul just like Obama would not have the numbers or the stamina to do what he is preaching the music to our ears. I’m still tipping OBAMA is going to win again, although Ron Paul’s message will be heard loud and clear as the campaign gathers pace to ensure some extra education of the masses. Budgeting education will now be the main role of Ron Paul for not only the Democrate voters who he is hoping to swing over but also Republican voters and supporters who speak with fork tounges. I mean you have amoungst your many financial supporters whose businesses would go bankrupt if Ron Paul were to have the real power to cut $Trillions off the budget and freeze credit expansion from which these supporters have been able to amass their fortunes. Don’t be fooled that you dont have “corrupted supporters in the woodpile”

  • Donald

    We have Socialism for corporations that are “too big to fail” like banks that can borrow from the FED at 0% interest and then loan out the money fatten their profits. The problem is the average person cannot borrow from the FED at 0%. So Socialism is only for the rich.

  • OkieRon

    It’s also worth noting that the Evil Obama Kenyan CommuNaziHomoSocialist Voodoo Conspiracy has succeeded in reducing the number of Federal employees below the level of Ronald Reagan! Is it possible? Did Ronald Reagan hate America that much??

    http://www.opm.gov/feddata/HistoricalTables/TotalGovernmentSince1962.asp

    Or is it dark Kenyan voodoo? Is is somehow lulling us to sleep by actually doing conservative things that make him very unpopular with the rabid liberals, so that then he can miraculously (we are talking Kenyan Voodoo, here) knife us in the back, somehow? Is this all part of a Vast, Multi-national Liberal Conspiracy Spanning Centuries to somehow destroy us by shaming St. Ronald? This man has no shame and the more he does the bidding of conservatives, the More Dangerous He Becomes To Conservatives!

    Hey, I’m just feeding you guys what you want to hear and cooking the facts to make it come out right…very, very Right…the same way Lord Limbaugh, Lady Ann, Lil’ Lord Hannity and the rest of the nobility do.

    • Ty

      Okie Ron says…”It’s also worth noting that the Evil Obama Kenyan CommuNaziHomoSocialist Voodoo Conspiracy has succeeded in reducing the number of Federal employees below the level of Ronald Reagan! Is it possible? Did Ronald Reagan hate America that much??”

      http://www.opm.gov/feddata/HistoricalTables/TotalGovernmentSince1962.asp

      Thanks for the link. From the table provided, in thousands, the total # of federal employees at the end of

      2008 was 4206
      2009 was 4430
      2010 was 4443

      And from this you conclude that Obama has reduced the number of federal employees… Really?

      Please explain…

      • OkieRon

        1981: 4,982

        1985: 5,256

        1987: 5,301

        The point isn’t whether Obama has or hasn’t raised the number of federal employees during his Presidency. Y’all beat the drum CONSTANTLY that Obama is a filthy, N, America-hating, Communazihomosocialist. The point is that, compared to “Dutch” Reagan, the creator of “Mourning In America”, he’s a regular John Bircher-Tea Party darling. Reagan clearly brought the country closer to ruin through his filthy Big Government America-hating Socialism. And yet he is the patron saint of all you hold holy. ‘Just asking for a little “fair and balanced” treatment there…but then “Fair and Balanced” is a mockery of fairness and balance, isn’t it? I mean, that’s the point–to say that crap with a smirk while you’re hoodwinking the American people.

        But not to worry…personally, I fully believe you’ll succeed in overthrowing America and reestablishing the Confederacy. After all, the libs make a little noise now and then, but y’all have all the guns. And if John Wilkes Booth taught us anything, it’s that the Tea Party does not fear taking with the bullet what they lose with the ballot. You swiftboated Lincoln at Ford’s theatre, and I have no doubt but that is your intent now–you only need to inspire one little brownshirted nitwit to exercise his “second amendment remedy”, after all.

        But, just the same, just because you overthrow the country by force, it does not mean the American people will ‘welcome you as liberators’.

        • Ty

          Your analysis of conservatives and America is as flawed as your conclusion that Obama reduced the number of federal employees. It is also too general to bother countering. If you want to identify some specific conservative policies that you feel are ruining America, please do.

  • lloyd lange

    obama, is cleaning up the bushes, war. what did that cost all of us. we better listen to ron paul, and let the outer countryies fight it out without us interferring.

  • Truth Be Told

    People on the dole have the GOP to thank. They want Obama to fail, so they stand in front of an audience and lie about their attempts to create jobs. Toomey, Boehner (should be boner for all the lies he tells) and Eric Cantor (the boy wonder, or so he thinks from Virginia) all pledged to not pass any legislation, as long as Obama is in office. Thye majority of people on the dole want to work, but the slave masters keep the population of jobless down.

  • Slasain

    Capitalism has a sharp edge it cries for freedom while few corporate managers decide for the majority of the workers. You, Mr, Robert, thinks it will be punishing the one who works and rewarding the lazy, I honestly say to you I had never sow a capitalist with a dirty hand because of working, but people like we toil 16-18 hour just to pay our mortgage bill while them investors such our blood like leeches on our back. Obama, though it sounds like left’s cry, is trying to balance the gap between the real workers and the one who exploit them through the mask of the entrepreneur and he is struggling to guarantee equity among all Americans.

    If Mr. Robert was so sure about the merits of capitalism in his sarcastic tone when he said “that’s right, folks, capitalism had nothing to do with the United States becoming the most prosperous country in the history of the world. It had nothing to do with millions of ambitious people starting with nothing and becoming millionaires and even billionaires. And it has nothing to do with the fact that “poor people” (as defined by the Census Bureau) in the U.S. live better than middle-class people in most other countries”. Why wouldn’t he also tell us capitalism and all those unnecessary wars? Or the environmental degradation all over the globe or about the world where 1 billion live in malnutrition yet the surplus production is damped to the floors of the ocean? Why doesn’t he also tell us that by creating very few billionaires capitalism breed billions of poor people around the globe and they in return creates the havoc, why he doesn’t?

  • George DeMarse

    We cut taxes and regulations to death over thirty years ago under Reaganomics. We’ve been doing that ever since, even under Clinton. What we got in return were a couple of economic bubbles and a financial collapse because Wall Street has become a gambling casino run with other peoples’ money. Even Bush realized we had to bail out the financial system with close to a trillion dollars. This occurred all over the globe, Europe, Japan, southeast Asia, etc. The Republicans seem to believe none of this happened–they have amnesia. The only cause for the demise of the middle class is “Obama’s policies.” They call for more of the same–back to Reaganomics. Baloney. The failure of global capitalism for the middle class has been going on since the 70s and it is time to regulate and mitigate capitalism big time by government action.

    George DeMarse

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