This is a favorite topic of liberals. Why aren't they lobbying their reps for income tax reform? They had a golden opportunity in 2008 when they had total control of the government. As far as I know no new legislation has been initiated by the Democrats. Are they really serious about corporate welfare or is it just politics as usual. We all know where the Republicans stand on this. The same goes for ObamaCare. Are the supporters of this program okay with government elites exempting themselves and their staffs from this program while at the same time deeming it okay for the general public? If not, what are you doing about it? Just a few thoughts on this fine Sunday morning.
Dickw - I can only speak for myself, but I have called the two state senators and complained, as well as, having sent emails. I am as disappointed in elected Dems as the Repubs. They are both part of the problem and Obama has been a huge disappointment in my eyes, whereas I see Mitt/Paul actually being potentially even worse than our President has been.
What I find refreshing is that when I speak to friends who are 'vote republican' no matter what, we end up agreeing on a lot of what we think are fixes, and are not far apart at all on a lot of issues, and we always part thinking we have a lot more in common vs. differences. The legislature which is, and let's call it what it really is, is bought and paid for by wealthy folks or corporations and do their bidding. That is true for both sides. How do we get them to vote for and implement term limits? We also need to reform the laws to NOT allow any campaign financing and have shorter election cycles where campaigns funds are allocated with set limits, depending on Congress/Senator, etc., and when you spend the limit, it is spent. Only when they are not beholden to money will they do the bidding of their constituents, which is not what we have today.
I understand the administration is hiring a PR firm to promote Obamacare cause it suc*k*s so badly,, I would prefer that Mr. Obama should take the pages of Obamacare and find a firm to insert it into his rectum
Not, we are not far apart on a lot of this. We do differ on Mitt/Paul as I believe both are sincere in doing the right thing for the country especially where Obamacare is concerned. Even the Democrats are having second thoughts about this program and how it will affect the nation. The Republicans have done nothing to stop it or offered any kind of an alternative. Why? I just don't know. Looking at Elk's reply it seems the politicians are only interested in power and money. Why are so many of the elites shoving ObamaCare down our throats and then opting out of it for themselves? Anyone who favors this program should ask themselves that question. We have needed income tax reform for years but hell will freeze over before we get it. Every election cycle they give us lip service on it. One thing for sure, I agree with you that this political system needs a thorough overhaul..
Here's part of the answer, dickw. After the scandal came out about Congressional insider trading with hi-profile media attention and very loud ranting and raving by Congress members acting as if they knew nothing about it, legislation did get passed to end it. Now that legislation was recently neutered in the dead of night while most media and the rest of us slept. We can't even stop Congress and the Corporations from conspiring to maintain this despicable and totally unethical and immoral Congressional insider trading scam. Woe is us.
Obama Is In Wall Street’s Pocket and Congressional Insider Trading Is Brought Back
Posted on April 24, 2013 by Gary Bentley, Ring of Fire
A couple of weeks ago, President Obama, in the darkness of night, signed legislation that obliterated something called the STOCK Act – it was an act that demanded that senior, high-ranking federal employees disclose their financial holdings so taxpayers could be certain that there were no conflicts, bias, or favoritism in their decision-making. The bill was designed to prevent insider trading. It was there to help taxpayers understand how a high-ranking federal employee might come into office with $100 thousand dollar net worth and leave office a multi-millionaire.
As a matter of fact, you might remember the ceremonial signing of that act just a year ago, where President Obama signed that Act with cameras flashing, and TV cameras rolling, when our president proclaimed that the STOCK Act was vital to stop corruption, to make sure that transparency would be preserved in his administration.
When President Obama signed the bill erasing all that transparency, and enabling Senators and Congressmen to help themselves to self-dealing insider trading, and everything else at the political feeding trough, there weren’t cameras flashing, there were no grand speeches being made by this president who has become Wall Street’s closest and most reliable best friend. It took place behind closed doors out of the vision of the public.
So how does such a dramatic, ideological shift take place with a president that talked like a committed populist when he ran for president both times, and acts like such an elitist, Wall Street insider both times he is elected? The best spin we can put on it is that he is just as weak as Bill Clinton where it comes to resisting the hypnotic lure, the powerful influences of America’s new and growing Wall Street plutocracy.
Plutocracy is ridiculously easy to understand – it’s a word that most Americans have been hearing a lot these last 10 or 12 years. It simply means that established government, whether Democracy or a social democracy, becomes commandeered by money. It is plainly rule by the wealthy elite, both directly and indirectly. Any honest political sociologist would not even blink or hesitate a second to tell you that the US is a fully developed, thriving plutocracy. And if they were honest, whether they are an Obama apologist or not, they would have to admit that our president has been fully co-opted by that government of America’s super wealthy elite.
Here is the America where our president finds himself: He is the leader of an America where 80% of our wealth has moved to the hands of 2% of our population; 65% of our wealth has moved to the hands of 1% of our population; the top 1% of our households gained 8 times more wealth than 60% of our entire population – just since 1973.
You can’t blame that on Obama, but you also cannot ignore the obvious, and that is that a well-run plutocracy has the ability to co-opt, not only senators and congressmen and judges – there is no inoculation you can give most presidents to help them overcome the impact of a Wall Street flush with cash or a corporate media that creates and promotes all the talking points for government by and for the wealthy.
Or a political electoral system that is no longer one person, one vote; but merely a playground for capricious, piggish billionaires who directly and indirectly buy our Congressmen and our presidents.
There is no one immune from the greed frenzy created by a true to life plutocracy. A successful predatory extraction of money and power from our Democracy requires the help of our Congress, and our courts, and our media, and our President. And the truth is that predatory extraction has been just as effective with this president as it was with Ronald Reagan or Bill Clinton or George Bush.
A few years ago, I wasn’t sure about how to respond to what this administration has evolved into. I remember that day when President Obama described Jamie Dimon and Lloyd Blankfein as “savvy, successful businessmen,” even after those thugs helped hustle the American economy into the abyss. And I suppose at first I was mystified when I saw our president appoint an entire gaggle of Goldman Sachs con men to his cabinet to help carry out his pro-Wall Street, anti-Main Street policies.
And I became a little more awake when I heard Obama’s most key friend and advisor Rahm Emanuel call progressives like me “effing #$%$” for being too critical of Obama’s love relationship with Wall Street.
But what I really woke up to is that a plutocracy is supremely powerful in the way it attracts and co-opts people who occupy the White House.
We are living at a time in America when all the moving parts have come together to diminish the reality of a true democracy. The corporate media, corporate loyal judges, corporate-owned Senators and Congressmen virtually insure that it is Wall Street CEOs and hedge fund managers are able to establish an elite government that overpowers Democracy to the point that even the most powerful leader in the world either does not recognize that he has been co-opted, or worse yet, he has surrendered willingly.
Sentiment: Strong Buy
Elk, that old saying still stands true, ?every man has his price." It's a crying shame we can't clean it up and get rid of these leeches. For myself I have concerns about Rubio and his attachment to John McCain. He may have been co-opted,