Day: January 12, 2012

Mitt Romney, Free Enterprise, And Capitalism On Trial: Is The Future Of America ONLY For The Elite Wealthy?

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It is extremely ironic that we are seeing a bitter debate in the Republican Party over the virtues, morality and future of American free enterprise and capitalism, in the process of picking a Republican candidate for the Presidency in 2012.

Mitt Romney, a man who became obscenely wealthy at the expense of thousands of middle class workers who lost their jobs due to an equity company (Bain Capital) whose only purpose was PROFIT over people, and who now wishes to promote a tax plan much worse in its inequity than the tax cuts of George W. Bush, has caused a split with Newt Gingrich, Rick Perry and Sarah Palin demanding accountability, while Donald Trump, Rush Limbaugh, Rudy Guiliani and just about everyone else wants this split and heated debate to end, as it only helps Barack Obama and the Democratic Party.

For the first time in memory, the whole concept of the goodness of unbridled capitalism is under the microscope, and this is good, as if the system continues without change and much greater regulation, there is the danger of violence and bloodshed by an aggrieved majority of the population, rather than peaceful recognition of the need for radical change to avoid such tragedy!

The great inequity of wealth, and the exploitation of the majority of Americans by a small, greedy group of entrepreneurs cannot continue, and this elite had better recognize that before a turning point is reached that will help no one, and hurt the social stability of America in the future!

Class Division, Conflict, Stress Multiplying: Dangerous For American Social Stability!

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A new survey demonstrates that the biggest problem developing socially in America is economic class conflict and division, more than racial differences or the debate over immigration.

Economic inequality, leading to a sense of rich versus poor, and very little middle class, is a time bomb that could endanger the nation’s future.

The great increase in this feeling is, interestingly, most common among whites, middle income earners, and independent voters, but also increased among Republicans.

73 percent of Democrats and 68 percent of Independents believe there is strong economic class conflict.

Also, 71 percent of those who earned between $40,000 and $75,000 believed there are strong class conflicts, up from 47 percent in 2009.

The Census Bureau has come up with the figure that the top ten percent of the population have 56 percent of the national income in 2009, up from 49 percent in 2005.

If this trend continues, and if the masses become more and more resentful at the unfairness of national income distribution and taxation policies, it is not going to benefit the Republican Party, and could lead to demands for far greater taxation of the wealthy, already at the lowest level it has been since the 1920s!

Romney Tax Plan Worse Than Bush Tax Cuts: The Further Victimization Of The American People!

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Anyone who wants to be fair minded knows that George W. Bush bankrupted the nation with the massive tax cuts for the top one percent of the population between 2001-2009.

But now Mitt Romney has a tax plan that is far worse than George W. Bush perpetrated on the American people.

The Romney tax plan would do the following:

1. Millionaires would receive TWICE the tax cuts under Bush.

2. Sixty percent of the tax cuts would go to the top one percent, more than under Bush.

3. Romney claims he wants to balance the budget, but it would not occur with his tax plan, and in fact would raise the debt levels even more than now. There would be perpetual deficits, even with draconian spending cuts.

4. 22 million middle class households with children would pay more taxes, and lose the benefit of higher education tax breaks.

5. Finally, the benefits given the rich through corporate loopholes would be retained, including for oil companies, yacht owners, horse breeders, corporate jet owners, and equity firms such as Bain Capital, making their effective tax rate lower than middle class families.

Mitt Romney’s 59 point plan is a major attack on the middle class, and a further promotion of the elite wealthy, and everyone needs to understand that when they vote for President this November!

Political Attacks On First Ladies: Nothing New!

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The new book that claims that First Lady Michelle Obama has had problems with White House staff, that she interferes with their agenda in defense of her husband, has led to denials by her, and bitter attacks by conservative media.

Is criticism of the First Lady, whoever she is, anything new? History tells us otherwise.

First Lady Dolly Madison was always more outspoken in all ways than her taciturn husband, James Madison. She was known as the “party giver”, but that included her willingness to speak her mind!

First Lady Mary Lincoln was controversial over her expenditures, her clothes, and her mouth, and came under a lot of political attacks during the Civil War, including the fact that her brothers were part of the enemy, fighting for the Confederacy against the American government led by Abraham Lincoln.

Lucy Hayes came to be known as “Lemonade Lucy”, due to the fact that she prevented the serving of liquor at White House gatherings, and believed in women’s rights, including the right to vote, and spoke her mind regularly, causing problems therefore for her husband, Rutherford Hayes.

Edith Bolling Galt Wilson, the second Mrs. Wilson, led cabinet meetings after Woodrow Wilson suffered a stroke in 1919, and often was considered the “first woman President” during his last 18 months in office.

Eleanor Roosevelt, wife of Franklin D. Roosevelt, was the most controversial First Lady, speaking up regularly on all kinds of issues and topics, and labeled by her critics as a Communist and a Socialist. After her husband died, she remained part of the political controversies in the era of McCarthyism and the Cold War, always speaking her mind and being a political activist.

Betty Ford became a lightning rod under President Gerald Ford, speaking out as a feminist for the Equal Rights Amendment, and endorsing abortion rights, and speaking about her alcohol and breast cancer problems openly.

Rosalyn Carter attended cabinet meeting of her husband, Jimmy Carter, and also spoke out for feminist causes openly.

Nancy Reagan was criticized for her spending on White House China, and defended her husband, Ronald Reagan, against his own White House Chief of Staff, Donald Regan, who she was able to arrange to fire. She had no problem stating that she was there to help and defend her husband.

Hillary Clinton was the most involved and outspoken First Lady since Eleanor Roosevelt, and became a lightning rod particularly when she promoted a failed health care plan in the first term of Bill Clinton.

And now, Michelle Obama is making clear that she is there as an advocate of her husband, while claiming no problem in getting along with the White House staff.

So this is all nothing new!