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EditorBlog (1587)

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

After all, we have two economies – and one of them you barely hear about as billionaires whine about the threat of higher taxes on their wealth.  The second economy, the economy of the privileged, is booming.  The other day the stock market reached near record highs.  

A September 6th Bloomberg story states it quite clearly: "The $1.9 trillion restored to U.S. equity prices in 2012 has pushed the Standard & Poor’s 500 Index within 10 percent of a record, more than 7 percentage points closer than any country among the world’s biggest stock markets."

The rich are making out like bandits in the booming Wall Street economy that is based on profits squeezed out of firing workers, lowering net wages (adjusted for inflation), and outsourcing jobs to exploited labor overseas.  There is no crisis in the top 1%; there is only increasing wealth.   In that second economy, the financial returns are rising like a high tide.  The rich are not living in a recession; they are living in a gilded-age-bubble of increased profits and assets.

If it is true that the richest 400 people in the US own more wealth than the bottom 185 million, that imbalance is increasing, not decreasing.

That is the story of the tale of two economies, the story that you don't read about in the mass corporate media – but it is the financial reality of our times.

It should be at the center of this presidential election in bold stark terms.

 

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

 

No, corporations don't have hearts. They should be at the service of people who do.

 

Call it a divine spark or just the radiant human soul, Elizabeth Warren spoke to the heart of the matter: the blood and spirit of life run through the veins of people, not corporations.

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

Even though the translator on the tape says that Sarah asserts that Obama was born in Hawaii, Corsi lays out the WND account.  That shouldn’t be surprising, since Corsi is a guy who makes his money off of Obama take down books and birther writings, such as "Where's the Real Birth Certificate: The Case That Barack Obama is Not Eligible to Be President"

That Romney tipped his hat to the pathological birther brigade is a testament to the role of race in the virulent absurdist opposition to Obama on the basis of the color of his skin.

Jerome Corsi and World Net Daily just keep feeding the racist beast that to be anything but white is to be un-American.

Sometimes you just wish that we could bring back the straight jacket.

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

If you think that this is some far out accusation, just listen and watch this interview that George Romney's wife gave when he was running for governor of Michigan in 1962 (courtesy of The Political Carnival). Lenore Romney, Mitt's mother, says that her husband, Mitt's father, "was on welfare relief for the first years of his life."

Mitt Romney's father and family were welfare "leeches" after returning to the United States – after first emigrating to Mexico to practice polygamy and then returning to the States – now there's a testament to the Romneys that "they didn't build it themselves."

They abandoned the US for multiple marriages and then came back and went on the dole.

Mitt Romney wouldn't be a multi-billionaire today if it weren't for the federal aid safety network provided to his father, period.

Monday, 03 September 2012 06:02

Exposing the "Job Creator" Fraud

PAUL BUCHHEIT FOR BUZZFLASH AT TRUTHOUT

With cunning and contempt and catechismal fervor the super-rich have argued that all money should move to the top, where it will be used to stimulate the economy and create jobs. But they ignore the facts that prove them wrong. And it doesn't take much to prove them wrong....

So what becomes of the jobs?

Corporations are hoarding over a trillion dollars. The richest 1% take a trillion dollars a year more than productivity-based earnings since 1980. Over eight trillion untaxed dollars is being hidden overseas.

That's a present value of ten trillion misdirected dollars. Just 1/10 of that would create 25 million jobs, one for every unemployed or underemployed worker in America. Or a $45,000 a year job for every college student in the United States.

But the people who call themselves "job creators" do nothing to make that happen.

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

So, one figures it won't be long – given Eastwood's socially progressive and fiscally right wing politics – before FOX and Limbaugh start sending out the meme that Eastwood was an Obama campaign mole.

There is, in fact, little the Obama campaign could have done to tarnish Romney's acceptance speech evening, but Eastwood – in his own flip seedy stunt -- did it for them.

Of course, Eastwood's appearance was the brainchild of the Romney campaign – and allegedly Romney himself.

But that may not keep the right wing media echo chamber – which glows bright on the embers of lies – from claiming that Eastwood was a sabotage agent for the Obama campaign.

 

 

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

And if Romneycare saves lives in Massachusetts, then in his nomination acceptance speech he is, in essence, proposing more people die by repealing the Affordable Care Act?

Looks that way.

And that doesn't even include what a Romney-Ryan administration would do to Medicare; kill it, kill it, according to Paul Krugman.

 

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

If you don't know of the work of Hieronymus Bosch, he was a Dutch painter in the 1400's.  His most memorable painting was a panel depicting the grotesque punishments in Hell. Add to that the allegories of his Seven Days in Hell series.

There's no doubt if you had the delegates at the Tampa Republican confab pose for a group photo, you would see a sea of nearly all white faces smiling as if they were at a rotary club meeting on funny hat and vest day.

But beneath those affable-looking Caucasian visages are brains that house the deformed fantasies, driven by emotions rather than reason, that – as George Lakoff has observed about how the mind functions – don't allow the entrance of logic or fact.   What is created is a Bosch-like underside of roiling resentment, anger, greed, and whatever combination of seven deadly sins you want to put together in an a la carte menu of sordid human wickedness.

hell32

"Hell" by Hieronymus Bosch

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

After 1972, as far as the conventions themselves, both parties decided that no more "messy surprises" would be allowed.  The quadrennial conclaves would become theater to influence voters, just like a Coca-Cola ad.  The candidates became products and the speeches became either pablum or red meat, depending upon the electoral game plans of either party.

Wistfully, Will Bunch of the Philadelphia Daily News concludes:

It’s been a long, strange trip in the decades since reporters saw Hunter Thompson peeling out from the driveway of his Miami Beach hotel in his red convertible, a six-pack of beer in the front seat. Democracy was in his rear-view mirror.

Now, democracy is too disruptive and "off message" to get in the way of the Republican and Democratic television shows.

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

 

As we noted before, all the American public -- who are being asked to vote for Romney -- can do is speculate about how little, if any US income taxes he paid over the years – as distinct from taxes in general.

Being interviewed in the friendly confines of FOX "News" by Chris Wallace, Romney proclaimed that "he wasn’t going to 'manipulate my life' just to become president."  This was his way of justifying not closing his Swiss, Cayman Islands and other offshore bank accounts.

 When a person runs for president and declares that he or she won't let being president interfere with their private financial gain, it's basically poking a stick in the eye of the American voter.

 

 

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