Beyond Tea-Party Somnambulism!

Posts tagged ‘corporate greed’

Andy Harris: Supporting Wealthy Corporatists

I never bought into Oliver Stone’s version of the Kennedy assassination; I disagreed with those who thought Bush was involved in ordering the 9/11 disaster, and I never gave a second thought to those who believed the US moon landing was staged in New Mexico. However, I have come to a startling realization: wealthy corporatists want to destroy the Middle Class in America!

I used to think it was unlikely that corporations wanted to hurt their consumers…after all, who would buy their products?  Sadly, my ‘aha’ moment came after researching jobs outsourcing and its impact on corporate profits.  I was shocked at the rate of increased profits from China, India and Latin American countries, fueling the next generation of growth, all supported by Andy Harris and other Tea Party faithful. Profits, coming from overseas sales, made by overseas factories, employing overseas workers!

Harris (R-MD-1st) says “Yes” to the wealthy corporations, but “No” to his constituents on jobs, the environment and workers’ rights!

From the June 2011, US News & World Report, “…about 40 percent of profit for firms listed in the S&P 500 stock index (are) now coming from overseas. These same corporations “keep certain profits overseas to avoid paying U.S. taxes on them.”

According to the US News article, here’s a breakdown of foreign profits from just 5 of America’s largest corporations: Exxon-Mobil, 45%; GE, 54%; IBM, 64%; Dow, 67%; Intel, 85%.  Any wonder why the US corporate community cares little about the American worker…the majority of the American Middle Class?

When the American Middle Class is finally diminished to the point that they are willing to accept jobs for any wage offered, the corporations will have accomplished their goal. Who will fight for the American worker, when Unions are no more, destroyed by elected officials who are supported by wealthy corporations?

When there is a “rich class” and a “poor class”, guess who will wield the power in our country?  As they have done for the past 30 years, the wealthy corporations will continue to whittle away at Middle Class wealth and power, until there will be little or nothing left. The power shift is close to completion, and it is being accomplished on all levels, including legislative (State & Federal levels), regulations (State & Federal levels) and Court decisions (State & Federal levels).  The Court cases have been one of the best avenues for significant change, where the Citizens United and related decisions have given corporations the same “rights” as persons, something that would have been unheard of before the Robert’s Court. Nothing in the Constitution gives personhood to corporations!

I recall a quote I used to laugh about: “Just because you’re paranoid doesn’t mean people aren’t out to get you!”  It’s not funny any more! It is elected officials, like Andy Harris, who is helping to convince the Middle Class voter that outsourcing jobs and giving corporations tax breaks and more power, is in their best interests!

Robert Reich At The American Dream Conference

This is a summary of the presentation by Robert Reich, speaking at the Rebuild the Dream conference, sponsored by MoveOn.org and being held in Washington, D.C., 10/3-10/5. For more LIVESTREAMING, go to: http://www.rebuildthedream.com/

“Time to Rally” – Robert Reich at the Take Back the American Dream Conference

The crowd was hyped for Robert Reich yesterday as we kicked off the first American Dream summit here in DC.  And he didn’t disappoint. Reich – the former Secretary of Labor under President Clinton, public policy professor at UC Berkeley, and acclaimed political economist and commentator – brilliantly weaved together the history of our broken economy with today’s progressive movement.

America is divided between two great forces, says Reich. The progressive force stands for tolerance and equal opportunity, and believes firmly in the interconnectedness of humanity. The regressive force believes in the opposite – intolerance, unequal opportunity, and that we all function on our own, independently. But as bleak as things may seem, “progressive forces always win out over the regressive forces.”

Reich speaks at the Take Back the American Dream conferencePhoto courtesy of HarvardEthics on Flickr

Reich offered a quick overview of where three decades of regressive politics have gotten us. To name a few:

-One of the worst Supreme Court decisions in American history: Citizens United, ruled that corporations are people.

-Currently, 37% of families with young children are living in poverty, the highest percentage we’ve seen since records have been kept.

-Corporations are sitting on $2 trillion in cash, and the ratio of coroprate profits to wages hasn’t been this high since before the Great Depression.

-The top 1% rakes in 35% of total wealth in the country, the highest rate since the 1920s.

-The conservative right has left Americans feeling demoralized and cynical of our political system.

While the facts may be disheartening, for Reich, they mean the time to instigate change is not only urgent but inevitable.

“Look at the civil rights struggle and the anti-Vietnam struggle, the darkest days of the 1950s with Mccarthyism. Every time this country has really been challenged, every time the regressive forces look like they’re going to win, the progressive forces RALLY. That is the history of the United States.”

Catch this clip of Reich’s speech from MoveOn.

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