Thursday, July 28, 2011

The tyranny of the wealthiest

As we head into the last few days before the United States of America, the largest Gross Domestic Product in the world tell the world that its word means nothing, that it is not able and that it will not pay its bill we need to take a step back and analyze the whole picture.
We have on one side the Democratic Party willing to put everything on the table to be cut or at least reduce the growth of all the budget, and on the other side we can see a bunch of loonies, unqualified members of the House of Representatives who don't know what it means to make a deal, in other words to govern. We can quote Senator John Mcain today on the floor of the Senate: “The idea seems to be that if the House GOP refuses to raise the debt ceiling a default crisis or gradual government shutdown will ensue and the public will turn against Barack Obama, Republicans in the House who refused to raise the debt ceiling will escape, then Democrats will have no choice but to pass a balance budget amendment and reform entitlements and the Tea Party habits could return to Middle Earth having defeated Mordor.” Somebody like him who has been around the block a few times can see that creating a catastrophe not just to the country but would push financials markets across the world into chaos. This is the reason that I call these freshmen in the House unqualified.
There is no doubt that President Obama will pay a big price because this happened under his watch but Republicans will also face reality when people find that their 401k have taken a big hit, that the interest rates that they were counting on are gone, and that the unemployment will continue to go up because a new recession will be forced upon us. When the Chamber of Commerce, an ultraconservative institution who was behind many of these infantile House representatives is now running for cover, as they realize that the markets are starting to signal the inflexibility of one half of one branch of government to come to its senses. What we are actually seeing is how the top 1% of income earners have hijacked this country. They are represented through many different front lines groups or entities. One of those entities is Americans for Tax Reform headed by Grover Norquist, a radical right wing extremist that forces Republicans wannabes to sign a pledge that under no circumstance will they ever raise taxes. One would assume that this people would have the option to say no. The other side of the coin is for those who do not sign the pledge or who have signed it and broken that pledge American for Tax Reform will fund new right wing loonies to run against them.
We all really know, whether we want to admit it or not, that the main reason why we are in this whole is because of tax policies that have proved totally false, the theory “that if we reduce taxes there will be greater investment and thus the economy will grow and that will create jobs.” No better proof but just go back to the last two decades, Clinton signed at the time the biggest increase of taxes in 1993 and during his administration 23 million new jobs were created. Then came George W. Bush, he had huge tax cuts for the top 1% of income earners. Only 3 million jobs were created in the same period. The proof is in the pudding, as they say. To make matters worse Bush had two unpaid wars, both that still continue, and unpaid prescription bill. By the time he left we had a financial collapse of a housing bubble created under his watch, and we were losing 700 thousand jobs a month by the time Obama took office.
The top 1% of the population through these puppets in the House are presenting the rest of us with these options: we will protect the jets, the low taxes of the wealthy, their country clubs, but we want Granny to pay more out of pocket for her healthcare, we want to cut her social security benefits, we want the young students to pay more for their tuition to go to school, and cut loose the poor.
What is hard to believe in all of this is that a lot of these people in Congress call themselves Christians. I guess they did not read Matthew 25:40: 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'
When I moved to the United States the thing that surprised me the most is how the middle class and the poor accepted the rules imposed by the wealthiest. If we look at society it tends to be a pyramid, with more at the bottom and fewer at the top. By not voting, by not going out and having their voices being heard they have allowed the most radical members of society to run this country to the ground, export their jobs and investment overseas, and then make them pay for the party in which they were never invited in the first place. In 1789 in France the masses said finished to the corruption and lavish lifestyle of the royals at the expense of the people. Maybe its time for the people of this country to wake up and take back what used to be theirs.

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