Burnard: Havoc through malaiseWritten by Don Burnard | | firstname.lastname@example.org
“I hope we shall … crush in its birth the aristocracy of moneyed corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.”
— Thomas Jefferson, 1816
Just a comment from one of our Founding Fathers. I guess the more things change, the more they stay the same, huh? The difference now, however, is those “moneyed corporations” own the government, lock, stock and barrel.
If you’re not in the top 2 percent or so, they own you, too. The past election showed us that the Democratic Party is just way too disillusioned to bother to go vote, I guess. Now they are about to find out just what havoc their malaise has wreaked on them and our country. This, of course, also includes the regular dupes that buy into the lies and deception foisted by the Republican Party, which fools them into thinking that they are looking out for their best interests.
Meanwhile, the real millionaires and billionaires continue to reap their unjust rewards unabated. Trust me when I tell you that when the top 1 percent of the population makes more than the bottom 90 percent of the country and controls 24 percent of our nation’s wealth, that this is not healthy. The last time things were this out of whack, the outcome was the Great Depression.
Meanwhile, back in Bizarro World, the GOP is holding the entire government hostage until we give the rich even more relief! The hell with the 15 million or so unemployed, of whom 2 million will run out of benefits by the New Year. Never in the history of the country since the Great Depression has Congress failed to pass relief for the unemployed in times of massive unemployment.
The GOP deficit sob-sisters cry that we can’t afford the $58 billion that it would cost to extend benefits for another year, but are willing to hold all the country’s business hostage, while fighting to add nearly $700 billion to the deficit to give the wealthy tax breaks worth more than probably 90 percent of the people reading this make in years. This will do nothing to create enough jobs to even begin to alleviate the unemployment and will put paying for it on the backs of our children, grandchildren and maybe even our great grandchildren. Don’t worry though; we’ll make it up by gutting every program that benefits the rest of us. Just for good measure, we’ll change the estate tax so that the heirs of obscene wealth will get theirs, too. We’ll put out some drivel about protecting small businesses and poor farmers, even though less than 3 percent of them would qualify. None of this would contribute a cent to improving our crumbling infrastructure.
Meanwhile, the American businesses in this country continue to sit on $2 trillion in assets that could be used to create jobs. The top 25 hedge fund managers will earn, on average, $1 billion this year, and thanks to their buddies in Congress, will pay taxes at a reduced 15 percent rate thanks to a loophole that taxes it at the capital gains rate.
My question is: When is it our turn for relief? The taxpayers are the first to be tapped to bail them out when these companies screw up and the last to be considered in times of need. That’s messed up. Is this the new “American Way?”
And finally, we’ll check in on the Lehman Loony who we just elected governor. As previously stated, I’m going to be continually asking “Where’s the jobs?” This week, John Kasich turned down $400 million to build a high-speed rail system in Ohio, by using outdated figures to ridicule it as a 39 mph boondoggle. This cost Ohio between 6,000 and 10,000 new jobs. He did, however recommit himself to a race to the bottom in Ohio by promising to basically cut the wages of anyone in the state who makes a decent hourly wage. So far, we’re at a net loss of 6,000 to 1,0000 thousand jobs, and he hasn’t even been sworn in yet. He appears to be content to turn Ohio into a backwater state in order to help his friends. “It’s going to be fantastic!”
E-mail columnist Don Burnard at email@example.com.