Tag: Supreme Court Decisions

In Debt or Indentured Part Five: Mortgaging The American Dream

People Politico In Debt Or Indentured Mortgaging The American DreamThis is the fifth part of a multiple part series taking a deep dive into our current political and economic crisis in America. Partisan politics, unfettered corporate spending and recklessness along with a shift in our social acceptance of debt, is having far reaching and potentially devastating affects on our way of life, on the American Dream. With each installment we will take a closer look at some of the major pieces of this very complex puzzle and try to understand them and bring them into perspective. Use this opportunity to take a broader look on the political and social economic state of America and how each of us, as a small pieces of the puzzle, can make a difference.

In Debt or Indentured: Mortgaging The American Dream

The American middle class has been sold an American Dream built on a foundation of debt, that encourages more debt, looks to remove the negative stigma of debt, so more and more Americans will be lolled into its promises of have it now and paying later. Unfortunately, the pay later has emerged through time to mean pay, continue to pay, and acquire more debt while paying more towards the debt already acquired. This in turn has created a middle class caught in a revolving circle that requires to constant income to support their debt and to have further credit they must also have constant income. This on its face value does not sound outrageous, but there is another factor that has become the key ingredient in transforming this seemingly symbiotic relationship the middle class has developed with debt. This ingredient has transformed the middle classes relationship with debt into a parasitic one. That key ingredient is fear. Fear of being jobless. Fear of being without health insurance. Fear of being unable to pay the debts. Fear of for the children’s future. Fear of not being able to keep up with the Jones’s.

Throughout the 1980s through the 2000’s the policy of Trickle Down Economics yielded no improvement for the American’s working class but it saw the richest Americans take much more of the slice of American wealth. The argument for lowered taxes on the top 1% is that this will lead to job creation through investment but the data does not support this. Professor of Psychology and Sociology at the University of California Santa Cruz G. William Domhoff explains in his article “Who Rules America: Wealth, Income, and Power.” Domhoff contends, “In the United States, wealth is highly concentrated in a relatively few hands.” In America today only fifteen percent of the country’s wealth is held by bottom eighty percent of workers (Domhoff). What is even more surprising is how few Americans seem to understand that there is a consolidation of wealth in America. Domhoff describes a Norton & Ariely 2010 study that ask over fifty-five hundred people to describe what they to be “the ideal wealth distribution” and a large consensus described a distribution “which the top 20% owned between 30 and 40 percent of the privately held wealth,” this being well outside of “the 85 percent that the top 20% actually own.” Domhoff continues the misconception of wealth distribution by surmising that those surveyed also believe “the bottom 40% — that’s 120 million Americans — should have between 25% and 30%” of the wealth ideally but believed that this bottom forty percent have “8% to 10%” which is “far above the 0.3% they actually had.” The information in this survey demonstrates how Americans have established an idea of how wealth is held in America but this idea is not reflected in the reality of power and wealth in America.

That’s it for this part of In Debt or Indentured. We hope that this has given you some important things to think about. Use some of what you have learned here to look beyond the mere message our politicians are presenting to what the ramifications of these actions has on all of us Americans. Our country started down a slippery slope over a decade ago. We seemed to have stopped the free fall it had become, but do not fool yourself. We are still on the precipice of another long fall. Let’s just hope we all can learn, and grow, from the last spill we took.

Check back soon for the next installment of In Debt or Indentured.

 

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In Debt or Indentured Part Four: Work Force

People Politico In Debt or Indentured: Work ForceThis is the forth part of a multiple part series taking a deep dive into our current political and economic crisis in America. Partisan politics, unfettered corporate spending and recklessness along with a shift in our social acceptance of debt, is having far reaching and potentially devastating affects on our way of life, on the American Dream. With each installment we will take a closer look at some of the major pieces of this very complex puzzle and try to understand them and bring them into perspective. Use this opportunity to take a broader look on the political and social economic state of America and how each of us, as a small pieces of the puzzle, can make a difference.

In Debt or Indentured: Work Force

The American middle class is facing this mountain of debt now with stagnant wages that have seen little to no increase in salary compared to the drastic increase in productivity. Frank Levy (professor of Urban Economics in the Massachusetts Institute of Technology Department of Urban Studies and Planning) and Tom Kochan (Professor of Management at MIT’s Sloan School of Management and Co-Director of both the MIT Workplace Center) in partnership with the Employment Policy Research Network (group of 150 academic researchers from more than 50 universities in the United States, Canada and the United Kingdom) published a comprehensive look at the American middle class and how the effects of stagnation are impacting the middle class worker. Levy and Kochan clearly make the connection between the middle class’s labor, wages, and belief in the American Dream when they summarize the current state of business as “The broken connection between labor and productivity growth and compensation growth for average workers has undermined mass upward mobility and the ideal of a growing middle class.”In short, American workers are being asked to do more work for the same pay and expect to continue to grow financially within society. All three of the ideals cannot exist at the same time. Levy and Kochan describe the evolution of large American corporations as “increasing their economic power and political influence” through and after the 1970s. Levy and Kochan state that these changes in business practice and ideology have lead to:

[S]ubstantial legislative changes that deregulated major industries, liberalized banking rules, undercut labor-law enforcement and reform, prevented increases in the federal minimum wage, and fostered an ideology of free-market liberalism and the ‘maximization of shareholder value’ at the expense of other stakeholders. (p.4)

This has lead to a laissez-faire business environment that encourages corporate profits over anything else, including taking care of their employees, not just their executives. If the company can get more productivity out of less people…it will. If the organizations can require longer hours with no additional pay (salaried employees or moving to have a part time workforce)…it will. If a corporation can frighten and intimidate their employees out of collective bargaining…it definitely will. The strange thing about this radical movement by corporations is that it has been supported through legislation from the government and American middle class is still supportive in large numbers towards decreasing regulation for corporations favoring a belief in pure capitalism.

That’s it for this part of In Debt or Indentured. We hope that this has given you some important things to think about. Use some of what you have learned here to look beyond the mere message our politicians are presenting to what the ramifications of these actions has on all of us Americans. Our country started down a slippery slope over a decade ago. We seemed to have stopped the free fall it had become, but do not fool yourself. We are still on the precipice of another long fall. Let’s just hope we all can learn, and grow, from the last spill we took.

Check back soon for the next installment of In Debt or Indentured.

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In Debt or Indentured Part Three: Healthcare

People Politico In Debt or Indentured HealthcareThis is the third part of a multiple part series taking a deep dive into our current political and economic crisis in America. Partisan politics, unfettered corporate spending and recklessness along with a shift in our social acceptance of debt, is having far reaching and potentially devastating affects on our way of life, on the American Dream. With each installment we will take a closer look at some of the major pieces of this very complex puzzle and try to understand them and bring them into perspective. Use this opportunity to take a broader look on the political and social economic state of America and how each of us, as a small pieces of the puzzle, can make a difference.

In Debt or Indentured: Healthcare

Understanding the debt that will be incurred through education, a mortgage, and credit cards to a certain extent can be prepared for or at least decided upon as the benefit outweighing the cost of the debt. The unexpected has become another trove of debt for the American middle class especially in the form of health care, health services, and chronic illness. The Washington Post columnist Sarah Lovenheim in her article titled “New Study: Bankruptcy Tied To Medical Bills” reported that as of 2007 sixty-two percent of all bankruptcies in America were related to medical expenses. Within that sixty-two percent is a surprise, eighty percent of those that filed for bankruptcy were covered by insurance (Lovenheim). Even though many middle class families feel that it is critical to have health insurance to protect them and their families if sickness or an accident were to strike, this insurance oftentimes will not cover the entire cost of the care required. Couple the out of pocket cost to afford health care insurance with the deductible costs if the insurance is used, and add in the maximum payment from the insurance company, then compound this all with the rising number of Americans living with chronic illnesses and a picture of a middle class struggling to hold on to a system that is failing them clearly emerges. Again like college grants, Medicare and Medicade have been established  to assist the elderly and the poor a while the middle class is left holding debt for all of their expenses since they make too much for help from the government and not enough to afford the care they need.

Healthcare in this country is a huge problem and we will look at this topic specifically at a later date. For now, just understand that sudden, unexpected and even protected healthcare issues can be absolutely devastating to Americans on top of everything else we must endure.

That’s it for this part of In Debt or Indentured. We hope that this has given you some important things to think about. Use some of what you have learned here to look beyond the mere message our politicians are presenting to what the ramifications of these actions has on all of us Americans. Our country started down a slippery slope over a decade ago. We seemed to have stopped the free fall it had become, but do not fool yourself. We are still on the precipice of another long fall. Let’s just hope we all can learn, and grow, from the last spill we took.

Check back soon for the next installment of In Debt or Indentured.

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In Debt or Indentured Part Two: Education

People Politicon In Debt or Indentured - EducationThis is the second part of a multiple part series taking a deep dive into our current political and economic crisis in America. Partisan politics, unfettered corporate spending and recklessness along with a shift in our social acceptance of debt, is having far reaching and potentially devastating affects on our way of life, on the American Dream. With each installment we will take a closer look at some of the major pieces of this very complex puzzle and try to understand them and bring them into perspective. Use this opportunity to take a broader look on the political and social economic state of America and how each of us, as a small pieces of the puzzle, can make a difference.

In Debt or Indentured: Education

Another way the many middle class families have come to see the equity in their house is as a way to afford higher education for their children. As tuition prices for university and college educations have continued to explode, it became unreasonable for American families to be able to just save their way to a higher education for their children. Instead of demanding intervention from their government, the American middle class looked to their hidden savings in the form of home equity. For those that did not own their own home though the options dwindled to scholarships, grants and loans. With availability limited for students to receive scholarships and grants, many students are forced into borrowing in order to gain their degree. Writer and Editor Marcia Clemmitt dives into the ways which college pricing and affordability have changed over the past three decades in her report “Student Debt Is the College-loan System Fair?” Clemmitt observes, “Many analysts call current education-debt level truly alarming, arguing that college loans saddle students with long term burdens that can affect their choice of jobs and ability to shoulder other responsibilities such as mortgages.” The fear of analysts exemplifies that, as soon as, those students graduate from college, they have debt already strapped to their backs. Interestingly, these analysts are not only worried about the graduates’ ability to chose the job they want but the analysts are concerned that these students will not be able to get into the next big debt adventure for many adults…a mortgage.

The facts behind rising college costs are murky at best, but much has been attributed to state budget constraints and rising costs for services. Regardless of the reasons for the ballooning costs, student loans have far exceeded them by rising 375 percent from 1982 to 2005 (Clemmitt, 879). The debt being incurred by middle class Americans is phenomenal with total college debt surpassing America’s credit card debt in 2010 (Tompor). Part of the reason that college debt has become such an issue for the American middle class families is because there are safeguards in place for low-income families where they qualify for government grants and financial assistance. On the other hand, most middle class families do not qualify for these subsidies from the government and are instead made to rely on loans to pay for their further educations (Clemmit, 880). This has meant the cost to graduates has been growing substantially and as reported by Justin Pope for The Huffington Post titled “Average Student Loan Debt: $25,250” the debt for the average student is a large burden to leave school with. Graduating students were also met with nine-point-one percent unemployment (Finnegan). Priming students to become accepting of debt has been what the American middle class has come to embrace as their trade-off for participation in the American Dream.

That’s it for this part of In Debt or Indentured. We hope that this has given you some important things to think about. Use some of what you have learned here to look beyond the mere message our politicians are presenting to what the ramifications of these actions has on all of us Americans. Our country started down a slippery slope over a decade ago. We seemed to have stopped the free fall it had become, but do not fool yourself. We are still on the precipice of another long fall. Let’s just hope we all can learn, and grow, from the last spill we took.

Check back soon for the next installment of In Debt or Indentured.

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In Debt or Indentured Part One

People Politico In Debt or IndenturedThis is the first part of a multiple part series taking a deep dive into our current political and economic crisis in America. Partisan politics, unfettered corporate spending and recklessness along with a shift in our social acceptance of debt, is having far reaching and potentially devastating affects on our way of life, on the American Dream. With each installment we will take a closer look at some of the major pieces of this very complex puzzle and try to understand them and bring them into perspective. Use this opportunity to take a broader look on the political and social economic state of America and how each of us, as a small pieces of the puzzle, can make a difference.

In Debt or Indentured – Introduction

The American middle class is now swimming in debt that is pouring in from every direction. The middle class is faced with stagnant wages coupled with inflationary prices on energy and food, health insurance costs that continue to grow well beyond the rate of inflation, education debt, exorbitant cost of child care, and a dwindling number of well paid job prospects even for those that have higher education. These aspects coupled with The Great Recession have driven workers to stay in jobs that demand longer hours and with more tasks at the same rate of pay. Fear of unemployment and the debt that they owe has driven many American middle class workers to feel lucky to just have a job. They do not speak out because of their debt that they owe on credit cards, car loans, mortgages, and the steadily rising educational debt incurred by today’s students. With bankruptcy law changes that were heavily lobbied for by the banking industry and credit card industry, have made it virtually impossible for average Americans to qualify for bankruptcy bargaining to reduce the most of common middle class debts.

American household debt has been on the rise as credit became more available to middle class workers during the mid 80’s, 90’s and the first half of the 2000’s. With this new access to credit the Americans middle class families just as their government began to spend well beyond their means. Associate professor and Department Chair of Personal Finance and Planning at the University of Missouri Robert O. Weagley reported in an article for Forbes Magazine titled “Big Difference Between Chinese and American Households: Debt” that “The average US household debt is 136% of household income […] if we include federal borrowing, the United States number increases an additional $109,792 per household, to $224,303 per household or 266% of average household income.” This is a dramatic number that demonstrates how the American middle class has become reliant on cheap credit and borrowing. Professor of Economics at New York University Edward N. Wolf explains in his working paper “Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze—An Update to 2007” that “Indebtedness, […] skyrocketed in the early and mid-aughts [2000’s]; among the middle class, the debt-to-income ratio reached its highest level in 24 years.” Acquiring debt in America has not only established a way for Americans to live outside of their means through the use of credit cards, it has become blasé to go into debt in order to pay for a college education, afford transportation, buy one’s house, and even make daily necessity purchases. This has not always been the case in America.

Credit card debt in America exploded during the 1990’s through to the beginning of the Great Recession when credit became scarce and liquidity dried up as banks became unwilling to even loan to each other in fear of what bad debt the other bank might be holding. During this time period of easy qualification and exorbitant credit limits being doled out America’s binged. Writer Susan Tompor reported in her 2010 USA Today article “Student loan debt exceeds credit card debt in USA” that revolving credit in America stands at $828 billion, this included credit card debt. As Americans have become more accustomed to hearing numbers in the trillions, this number may have lost some of its sticker shock, but to put that into prospective, this is $2,760 owed by every man, woman, and child in America (based on a citizen population of 300 million). Although new lines of credit have been reduced following the financial collapse in 2008, existing borrowers have continued to use their credit cards. Karen E. Dynan and Donald L. Kohn said it well in their Federal Reserve report, “The Rise in U.S. Household Indebtedness: Causes and Consequences.” Dynan and Kohn claim “substantial evidence suggests that households are not always fully rational when making financial decisions” when discussing the American willingness to go into debt. Though Dynan and Kohn are primarily focused on housing debt they identify one of the reasons Americans have been willing to use credit cards so frivolously. The drastic rise in housing prices through the 1990’s into the mid 2000’s gave a false impression to many middle class American families that they were richer than they actually are (Dynan and Kohn, 6). By seeing the equity in their housing as actual banked money, many middle class Americans lived well outside their means knowing that they could refinance or sell their home and still end up with a net profit overall. This of course turned out to be a folly when housing prices plummeted during the economic down turn leaving many home owners upside-down in their mortgages.

That’s it for this part of In Debt or Indentured. We hope that this has given you some important things to think about. Use some of what you have learned here to look beyond the mere message our politicians are presenting to what the ramifications of these actions has on all of us Americans. Our country started down a slippery slope over a decade ago. We seemed to have stopped the free fall it had become, but do not fool yourself. We are still on the precipice of another long fall. Let’s just hope we all can learn, and grow, from the last spill we took.

Check back soon for the next installment of In Debt or Indentured.

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The Cost of a Vote in 2012

people-politico-five-dollar-billsNone of us like to think that the millions of dollars spent by presidential campaigns are trying to buy your vote. However, that is in fact the case. So I thought I would take a minute to look into what a vote costs in America today. I was shocked, and I think you will be too, so I’ll try and ease you into this a bit. Politics have changed dramatically in the time after the Citizens United Supreme Court decision.

The Supreme Court’s decision on Citizens United basically removed all caps on contributions from corporations and unions to political campaigns. It has been widely accepted through our history that money influences politics, corrupts democracy, and takes the power from the people and puts it in the hands of those with money. The Supreme Court’s decision put democracy more firmly into the hands of the corporations by allowing unlimited spending on elections.

Spending on elections was out of control before this decision, and now it’s incomprehensible, it’s a joke, and we the people are the punch line.

There are a few things we need to know about making a rough guess about the amounts of money being spent to win your vote. In most cases they can’t actually trade money directly for your vote, so instead they use advertising, media, new outlets,, pundits, the internet, you name it, to get their message and their brand out to you. Unfortunately there is very little regulation regarding the insane and often false things they say to sway you one way or another. When there is regulation, they will get around it by using a 501c/PAC combination to absolve any involvement and responsibility. If you think this is a joke, watch this series masterfully done by Stephen Colbert of the Colbert Report. He actually creates his own PAC, then turns it into a Super PAC, and ends up with a million dollars donated. Really.

How Money Corrupts Congress--and a Plan to Stop It

How Money Corrupts Congress--and a Plan to Stop It

PACs have to disclose who gives them money. However, a 501c is a tax-exempt organization that does NOT have to disclose donors. All a person or corporation need do to circumvent the disclosure rules is contribute money to the 501c. The 501c then gives to the PAC and the PAC does what it wants with the money. It’s money laundering on a breathtaking scale. A candidate could pour money into the 501c and get it right back through the PAC. Sickening and totally legal.

So now that we know how it’s done, let’s see how much money it takes to buy a vote.  That’s what all the money is ultimately there to do. I’ve rounded the numbers for ease of understanding. A few thousand here or even a few million there will not make much of a difference in our completely broken election system where billions of dollars are involved.

In 2010, it is estimated that there were about 236,000,000 registered voters. According to this data, we can estimate that the registered voters will increase to 240,000,000 in 2012. Going by prior voter turnout numbers, we can expect 50% or so to turn out to vote in the upcoming Presidential Election. This gives us the first part of our equation: 120,000,000 votes.

How much money is going into getting those 120 million votes? This number is difficult, because campaigns want to keep this number as quiet as possible.  So first we’ll look at how much the politicians are raising themselves. This is required to be publically disclosed and it is the number most often reported. Over the last year we can see that a total of almost $380,000,000 was raised by politicians.  We can assume that over the next 6 months the money will flow in faster than in the last year. It is probably conservative to say that this total will reach $800,000,000 by November. Many analysts are saying that campaign spending will easily break a billion dollars. But we’ll use $800 million for our calculations.

Next we need to try to determine the contributions to PACs and Super PACs. They are required by law to disclose their finances, but with over 7,500 listed in the Federal Election Committee’s database, there are bound to be errors.  To make it easy, we’ll use this information. You can find the information here:  http://www.fec.gov/finance/disclosure/srssea.shtml. Adding it all up gets us $1.7 billion from 2010 to 2011. For ease of calculation, we’ll round that number down to $1.5 billion to use for 2011-2012. This gives us $3.2 billion for these two years of PAC and Super PAC fundraising.

With no cap on how much money can be contributed to an election, candidates are looking at three to four times the amount of money they had to spend in the past.  They can spend the majority of it on    sleazy ads, misinformation campaigns, robo calls, spamming, and whatever else it takes. And the best part is, the candidates are “completely separated” from the PACs and Super PACs. If someone gets offended or if an ad backfires, the candidate can throw up their hands and claim plausible deniability.

Math Time!

  • $800,000,000 (candidate money) + $3,200,000,000 (PAC money) = $4,000,000,00 or a cool 4 billion dollars. Easy to remember.
  • 120,000,000 voters.

Now all we need to do is take the money spent on elections and divide that by those who vote. Gravy!

  • $4,000,000,000 (Money) ÷ 120,000,000 (Votes) = $33 and change.

 

Well that doesn’t sound too bad, you have 33 bucks don’t you? So to put in your equivalent support as a citizen of the United States you should toss $33 to who you support.

The problem is that it doesn’t work out that way. Our democracy is supposed to form and control our government on a 1 to 1 basis, but now with these new rules we are getting further and further away from the 1 to 1 vote working.

Rich Joe used to be capped at a $2,500 donation. But now he can give his $2,500 personally to the campaign and can also funnel in $1,000,000 or more  from his company, trust fund, dividends or whatever.

Money equals influence in our government, and the increased flow of money from corporations and unions magnifies their influence.

Influence of Donations Before Citizens United

Poor Joe throws in $33 to support his one vote. Rich Joe throws in his $2,500 to support his vote. Rich Joe’s influence on his candidate is 75 times more than Poor Joe’s. That in itself shows the system was sad, broken, not working as intended.

Influence of Donations After Citizens United

Today Poor Joe throws in his $33 again to support his candidate. Rich Joe throws in his $2,500 and also donates $1,000,000 dollars from his company. Again, Rich Joe’s influence is obviously more, but by how much? His influence is now a staggering 30,378 times more than Joe’s! This one person/entity now has tens of thousands of times more influence than Poor Joe in the elections.

I don’t even know what to think about this. I am disgusted. I am appalled. I am horrified that we allowed this to happen to our country.

Checkbook Democracy: How Money Corrupts Political Campaigns

Checkbook Democracy: How Money Corrupts Political Campaigns

With these billions of dollars intended to influence us, and with the mountains of lies about their opponents, and false promises about themselves, it is no wonder our government and our country is screeching to a halt.

We have allowed democracy to be taken away from us. We have literally sold it. We have allowed a plutocracy to take its place.

When the wealthy control the country they do whatever they can to not only increase their wealth but consolidate it. That is exactly what we are seeing now.

With the caps lifted, they can literally spend whatever it takes to convince us they are not doing exactly what they are doing. The facts are in front of us. I have presented many here and you can look for yourself all over the place. We are swimming in the evidence of the fall of our democracy but so many would rather drown than to think about this.

This cannot endure or our country will not. We have already fallen behind because of our broken and crippled system. We are being surpassed by many other countries in almost every sector you can think of. The power has been taken from the common people. We are simply being outbid.

It’s time you did your part along with those around you to stand up, speak out and shout out that you want your vote back and demand it can’t be outbid anymore.

Sources

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GOP Political Showdown on Super Tuesday

sw_fake_ballot_sa03045Super Tuesday is upon us. Super Tuesday usually refers to the Tuesday in February or March before a presidential election when the greatest number of states hold primary elections to select presidential candidates to run for each party.

This year Super Tuesday is on March 6th and is much anticipated by the GOP. It’s surprising how little excitement really revolves around all of the front running candidates. Most agree that it will either be Mitt Romney, Rick Santorum or Newt Gingrich. My hats off to Ron Paul though, for a good showing in the race. Even after Super Tuesday, he may very well continue running as an independent candidate.

As usual the candidates are going at each other’s throats and spewing as much vitriol at each other as possible. Most also agree that this may be one of the most nasty, underhanded, and venomous bids of the presidential nomination by any party in recent history. One of the biggest contributors to this ugly campaigning are the hundreds of Super PACs contributing millions of dollars to smear and slam their opponents. The beauty (or horror if you like) of this new system is the candidates have to remain 100% “unaffiliated” from these Super PACs. This excuse is used to try to say they have no influence in these despicable campaigns. However, I digress… I’ll discuss the Super PACs and their detrimental effect on democracy in later articles. We’ll see just how nasty they can become for the General Election.

Anyway, after a nice even twenty Republican debates, everyone should have a good gauge of what each of the candidates stands for and what they say they will do with our country should you entrust it to them.

What is even more surprising than the cat fighting going on between a bunch of grown men is how indifferent the entire GOP seems to be about any of their candidates. The mixed messages, the confusion in what they stand for, and the hypocrisy about a great many issues, seems to have weakened and disorganized the party. The Republican party is plagued by flip-flops and missteps. The Affordable Care Act, deemed Obamacare by opponents, is similar to Senator John McCain’s health care proposal from the 1990’s and Mitt Romney’s health care reform plan for Massachusetts. Apparently health care reform is completely taboo now that a Democratic White House has decided to take their ideas seriously. And the mysterious debt ceiling debacle? It should have been obvious that putting the entire nation’s economic future in jeopardy just to oppose President Barack Obama and the Democratic Party was a severe misstep.

However, through all of the GOP’s hardships on their journey of self-discovery, and trying to figure out which candidate best represents their conflicting and confusing ideals, they still all agree that once Super Tuesday is over they will all rally behind the victor. They look to each other and their interviewers in the media with surprise and disgust when asked if they will “fall in line” to support the “other guy” in the General election. They act as if questioning their personal integrity should be a crime. Their responses all fall along the same line, the importance of holding America and its People above petty differences between its politicians is first and foremost. “I will honor the election and refuse to betray my people, no matter what the outcome of Super Tuesday.” If these candidates purport to have so much respect for the candidate the voting public chooses, why has the Republican party had so little regard for the current sitting president, duly elected by the American people?

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Black Friday and Cyber Monday Political Book Deals

government-buildingThe flurry of holiday shopping is underway and now is a great time to stock up on all those great political books you have seen through the year.

With the presidential election coming up here in 2012 it is time to make sure you are up to date on all of the hot topics of today.

With the horrible state of our politics, the misrepresentation in much of our news, and emotional tempers running hot, it is hard to have a clear, objective look at the political layout of today.

Along with reading the papers, surfing the online news sites and watching both network and cable news it can’t hurt to back up your political ideals through the wide variety of great political books as well. The more sources you gather your political information from the better. We as people are able to sort out the facts from fiction when we have enough information from enough sources. With this bounty of real and factual information we can make truly good choices when it comes to election time and our decisions on politics.

Our political systems works so hard to manipulate the voters instead of educating voters. That is why it is up to you to be sure that you remain truly educated on the political topics of the day.

Barnes and Nobel is having some great deals this Black Friday. They are also planning on some great blowout prices come Cyber Monday. Use the link below to get 50% off the books and other political media that suits your needs.

Barnes&Noble.com

Grab some great deals this holiday season!

Once you are done reading these make sure to pass them around your friends and family. Ask them to share what political books and media they have as it can only help everyone increase their understanding of our incredibly complex and dysfunctional politico environment.

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Steven Colbert Super PAC Shenanigans

people-politico-steven-colbert-super-pacUsing the Supreme Court’s decision on Citizens United, Steven Colbert, of the Colbert Report on Comedy Central, has legally and legitimately started his own Super PAC.

Over the last several months, he’s been working to form his own Super PAC in order to show that he can use the Supreme Court ruling in order to push his own political agenda. Steven Colbert is a comedian and his show is brilliant. What’s frightening about this stunt is that it goes beyond satire—he is showing the public exactly how anybody can do this. Because his program is a comedy show, he is not being taken seriously, except by those who truly understand the horror of what he is able to accomplish.

www.colbertpac.com

What is the Supreme Court’s Decision on Citizens United?

Effectively the Supreme Court ruled that corporations and businesses have the same rights as an individual United States citizen, and that no caps or limitations can be applied to the amount of money they can contribute politically because it limits a company’s freedom of speech.

This ruling has effectively given them the ability to amplify their influence on candidates. Companies with millions of dollars to spend to further their own agendas will absolutely take the opportunity to do so, in many respects drowning out or outright buying votes for their corporation and PACs.

What is a PAC (Super PAC)?

PAC Power: Inside the World of Political Action Committees

PAC Power: Inside the World of Political Action Committees

PAC stands for Political Action Committee. A Super PAC is just the bigger corporate type of PAC. A PAC is a committee that can be formed by anyone having some kind of political goal or agenda. Anyone can donate to a PAC, and this donation is undisclosed. This can be a donation of 1 cent to 1 billion dollars. Since this kind of political spending does not have to be disclosed it is a perfect and legal way to hide contributions to any PAC that supports your cause or that you yourself have created.

Why is the Citizens United decision and the formation of PACs so detrimental to our democracy?

For years, in fact for 100 years, a Supreme Court ruling has limited the amount of money corporations, lobbyists, and other interest groups can dump into the political system, whether for advertising, campaigning, or directly supporting candidates. The reasoning was that the country and the justices felt that it is important to limit these contributions so that companies and special interests didn’t drown out the will of the people. The people, even those that lobby for corporations, all have a vote and already have significant power when determining elections, without the overbearing influence of multi-million or even multi-billion dollar campaign ads, smear ads, propaganda and all of the other ways that voters and elections are influenced.

Now, with the ability to form PACs and Super PACs, the floodgates have been opened for these special interests to pour in as much money as needed to keep the legislation and politicians they want in power. There is a correlation between the amount of money put into an election and the results of the election. The influence was once limited, now it is not.

This decision by the Supreme Court is a new one and we are yet to see the full extent of what unlimited lobbying will do. I cringe to think about the damage we, our country and even our world might endure when faced with such forces as the petroleum industry, which literally has tens of billions of dollars PER MONTH it could potentially sink into campaigns. $10,000,000,000 a month to buy an election, and those that contribute can remain completely anonymous. How can the normal citizen even have a chance to combat such overwhelming funds, coming from questionable sources? And that is exactly the idea of PACs.

So I appreciate what Steven Colbert is doing. He has legitimately created a Super PAC, with his admitted intended use of the money to be completely frivolous. He has clearly stated that he wants a Super PAC so he has more money to have fun. And he actually got his Super PAC, and there are many people giving money to the PAC as we speak!

I think what Steven Colbert is doing is great. He is making Super PACs very public and showing what kind of sham they really are. He is illustrating the kind of shenanigans that he and anyone else could do, with their own PAC. There’s no accountability, there is no transparency, if the source of the money is anonymous. Transparency is one of the biggest wishes the American people have for their government. A government for the people is the very foundations that our democracy has to have to function properly. It was never meant for the corporation or special interests with the biggest coffers to have the biggest influence on our elected officials and the bills that become laws.

I hope you are all shocked and appalled that this is even possible. If you haven’t gotten to that point yet, watch below and try to understand the insane and horrible consequences that the ruling on Citizens United can, and probably will, cause our democracy. Our government is not supposed to be able to be for sale. But right now, it is.

Viacom Stops Steven Colbert PAC

Forming the Super PAC

Viacom Sends Letter About Super PAC

Viacom Does Not Want Colbert to Start Super PAC

FEC Questions Colbert ‘s Super PAC

Filing for Super PAC

Colbert’s Hearing on His Super PAC

Steven’s Victory Forming His Super PAC

So there you have it. He gets his Super PAC. If he can do it, so can anyone else. I know this is supposed to be a joke. The problem is, the joke is on us.

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Stop Corporate Corruptions Influence in Politics with Progressives United

russ-feingoldIt shouldn’t be a surprise to anyone the extent to which the corporate dollar has invaded every aspect of our lives. Corporations now have as many or more rights than the everyday citizen. Their influence runs deep and is shaping the country in their favor, not in the interest of this nation’s citizens. The corporations are slowly eroding the rights and freedoms of the American people.

Foremost among a great many recent travesties of justice was the landmark decision a little over a year ago concerning the Citizen’s United decision, in which the Supreme Court ruled that corporations were entitled to the full protection of the First Amendment, allowing them unlimited and unchecked campaign donations in elections.

This literally means that the Supreme Court overturned 100 years of law and precedent to allow corporations to buy elections. Corporations now have the ability to purchase elections. This isn’t sensationalism. If a corporation can finance a candidate’s campaign,  it can flood whichever politician supports their corporate greed with unlimited funds.

President Obama criticized the ruling, calling it “a green light to a new stampede of special interest money in our politics. It is a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans.”

This is not what America is about.

This is not how we make America great again.

Luckily for us Russ Feingold has started his own organization, Progressives United, to fight back against this horrible and very destructive decision. We cannot allow corporations any more control of our political system.

Corporations have a vested interest in capitalism and unregulated free markets in order to take as much advantage as possible of the American people.

The economic collapse occurred with the Republicans in power, still touting elimination of regulation and insisting the markets would self-regulate, while at the same time begged and threatened the American people for a bailout for the very companies that caused the collapse.  Instead of allowing a company to “sink or swim”, as is the opportunity given every company in a Capitalist economy, they were given hundreds of billions of taxpayer dollars. It’s sickening to realize these companies were literally rewarded for years of mismanagement, bad debts and gambling with the American people’s well-being. After Americans bailed them out of their troubles, how did the banks return the favor? By rubber-stamping hundreds of thousands of foreclosures and making it difficult for borrowers to modify their subprime mortgages into loans with interest rates and monthly payments they could actually afford.

This blatant manipulation cannot be allowed to permeate completely into our political system. There is something you can do to fight back against the billions of dollars they will throw at their own greedy interests. Get involved, get educated and join organizations like the newly formed Progressives United.

Russ Feingold has taken a bold step and started the organization, Progressives United. His primary goal is to fight back against the corporate corruption that is so entrenched in our political system. His message should be heard and carried to Washington so those politicians know we will not stand for it. More importantly get your family, friends and neighbors involved in the cause to push back corporate greed and influence in America.

This is your country. This is our country. Take it back and make your voice heard over the millions of dollars of ads they will surely throw at this threat to their greed.

http://www.progressivesunited.org

P.O. Box 620062

Middleton, WI 53562

phone: 608-831-7877

fax: 608-831-3192

email: info@progressivesunited.org

 

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