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and another thing…

What is with some politicians and their big oil and coal bedmates?  I met a very nice young man.  He plans to take his brand new engineering degree to Mexico and work for an oil company.  My heart sank.

If he’s excited about living in the tropics why doesn’t he take that brand new degree to Costa Rica and work for a geothermal company?  Geothermal, solar, wind, biodiesel, and other renewable sources of energy aren’t at the Universities recruiting these brilliant young minds.  They don’t have the federal funding for that.  Oil and coal receive federal funding and they use much of it for recruiting.

Meantime, we’re building tired old SUV’s in our auto plants and wonder why the rest of the world doesn’t want them.  Because the rest of the world has young brilliant minds too.  They are being recruited into the renewable energy industry and making fast and powerful cars that run on batteries and biodiesel.

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one more thing…

Why are we giving up our waterways and aquifers to industry and agriculture and the bottled water industry?  If we didn’t use tax payer money to clean up their messes, we wouldn’t have the beautiful country we have.  We’d have birdless skys and choked waterways and putrid lakes without the EPA and environmental groups bringing tragedies to their attention.   Taxpayers carry the brunt of expense to clean up after them.  We fine them, but, they don’t pay.  Instead they pay for politicians who cover for them or razzle dazzle the public with birthers to take attention away from the real issues.

A dumptruck driver with a swollen ankle, went to a local free clinic and was given a prescription to get an x-ray and have an orthopedic surgeon look at it at the county hospital ER.  He had no way of getting to the hospital to get this done.  His ankle was swollen, broken or sprained; couldn’t drive his dumptruck, and he had no insurance.  He was that dreaded self-pay that never pays and is therefore turned away in non-emergent situations.  He became a resident of the Salvation Army house.   Orthopedic surgeons don’t fix people who don’t have insurance unless they have a lot of cash up front.  Free clinics can only do so much.

What are the essential requirements of an American life? Food, shelter, clothing, clean water, good health and an education.   Some of us think that access to health care is as essential as access to clean drinking water.  Some do not.

Those who are opposed to the Affordable Care Act which is a big step in providing health care to a wider range of Americans  seem to be concerned about the cost to them personally. “The more money we make the more they take.”   Who are they?

What are they doing with my money after they take it?  Isn’t that what we all piss and moan about?  What is this going to cost me?   A health care system that provides quality services for citizens is an acceptable and essential place for our money to go.  Health care and the health of this planet is more important than killing people in other countries.

The dumptruck driver could get back in his truck after his ankle was fixed and be a productive tax-paying citizen again.  How is that bad for you?

Trickle down economics isn’t causing that drip you hear, its drool.  Who cares what S&P thinks?  Except, “after the Dow Jones Industrial Average,  the S&P 500 is the most widely followed index of large-cap American stocks.”

We should all be listening to Fred.  The news is full of Standard and Poor (S&P) credit downgrade of the US’s borrowing worth.  I say, OK, so lets not borrow from them.  Lets revoke their use of ratings as a political weapon. I’ve read and read and read and can’t really find an answer.  Numbers, economics, and resources all seem to play a part.

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It may be disturbing to some to find out that not all good comes out of the wealthy corporate interests represented by the S&P’s 500.  Japan is pulling themselves out of their natural and man-made financial woes.  How?  Innovation.  It also helps that they don’t have a tea-party or christian fundamentalists standing on their drowning heads.  OK, with that sentence, I’m guessing I’ve lost about 25% of you.

Economics is nothing more than realizing that all the Earth’s resources are scarce and the study of Economics is how those resources get allocated amongst people.  A comparison of 1961 to today was made that sparked more research.  I asked my smart friend Fred  If our tax rate were the same as it was is 1961, would our deficit get payed off quicker?

and like a true economics guru he gave this reply…

Your question about the tax rate being what it was in 1961 would eliminate the deficit is a good one. The math is correct but ignores what has happened to the dollar since 1961. The top tax rate today is 35% on $357,500 of taxable income. In 1961 it was 34% on $8,000 and went as high as 91% on $200,000, $400,000 joint filers.  See http://www.taxfoundation.org/files/federalindividualratehistory-20080107.pdf for historical rates.

Reagan fixed inflation and brought us trickle down economics, which did not work, by the way. (It just brought a lot of drooling)

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Bush jr brought us cheap efficient wars, which do not end, by the way. (Cheap and efficient?  Fred, I believe your stabbing at humor here.)

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Unions built America after their military service fighting to preserve it.

The new members of our 112th congress is an interesting revolt.  I understand you wanted to get rid of the current congress and oust the old white men who have consistently sat on their laurels and performed business as usual.  In my mind shaking things up would have involved voting for young, black, women.  You chose…

Vicky Hartzler (R-MO) opposes gay rights, does not want to honor visitation rights in hospitals for gay couples, does not want gays in the military and wants women to be convicted of murder if they have an abortion and has pushed for other Christian right causes.  She is a Missouri farm wife and schoolteacher who will be appointed to the house armed services committee.

Go to — http://vickyhartzler.com/issues/10/.  She states “the extreme agenda items of the gay movement is a sad chapter that must not be repeated” A few paragraphs later she states “I’ll stand up for an America that allows each of us, regardless of the circumstances of our birth, to achieve the full measure of life.” Maybe she doesn’t know about kids killing themselves due to hateful intolerance and doesn’t realize that being gay is a circumstance of birth.

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Marco Rubio (R-FL), wants to extend the Bush tax cuts.  The Bush tax cuts were temporary because there isn’t enough money to keep them going.  He plans to repeal the health care reform bill.  Why would you want to stop all the wonderful things healthcare reform will do for Americans?  Things like…

1.  Health insurance plans will no longer be allowed to deny coverage to children younger than 19 because they have a pre-existing health problem.

2.  Free preventive care covering cancer screenings, cholesterol tests, mammograms and other preventive services without charging you a co-payment, co-insurance or deductible.

3.  An end to rescissions. This change is designed to prevent insurers from denying coverage to policyholders after they get sick.

4.  individual insurance plans can no longer impose lifetime limits on coverage

http://www.usatoday.com/news/health/2010-09-22-healthlaw22_ST_N.htm#chart

Why doesn’t Marco Rubio want us to have the advantages of healthcare reform?  Well, If he continues tax cuts for the rich than we can’t afford healthcare reform.

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Renee Elmers (R-NC) created the “conservative freakout” over the ground zero mosque that wasn’t a mosque and wasn’t being built on ground zero.

All of us are descendants of immigrants or actual immigrants who came here to get away from religious intolerance.  We’re here to enjoy the freedom of thought, speech, religious faith, and property ownership.   Now, Renee and the gang have turned against religious freedom out of fear.  She fans the fear of Muslims, and is rallied on by a corrupt biased cable news station.

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Rand Paul (R-KY) refused to endorse some parts of the Civil Rights Act of 1964 because big government has no right to make private lunch counters take down those “Whites Only” signs. “If private lunch counter owners want to prevent blacks from eating there, that’s their right.”

This guy is a bigot, a blatant proud bigot.  If you voted for him, I guess you’re OK with that.  What scares me is so much of the country is OK with that.

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Daniel Webster (R-FL) “has aligned himself with organizations and individuals who advocate the application of biblical law to contemporary society, including wives submitting to their husbands.   In his 2009 talk to a male audience he was telling them to focus on their own obligations rather than those of their wives. When Webster says women should pray if they want to, he’s saying they must do so in order to be obedient to God’s word. “

That is just pure scariness.  You’re afraid of Muslims?  You need to be afraid of this dude.

http://www.religiondispatches.org/dispatches/julieingersoll/3449/the_real_context_of_the_%22taliban_dan%22_ad/

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Ron Johnson (R-WI)  made his fortune through his company making plastic packaging materials.  He is another of the uber rich who poured his own personal millions into his campaign pretending to be a political insurgent who is going to shake up congress.  He stood on a platform of job creation.  Many voters don’t have time for details they are too busy looking for a job.  People like Ron Johnson don’t give two flying figs about you or your job.  He just wants power and he plans to get his millions back and then some.

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Ben Quayle (R-AZ) the son of former vice president Dan Quayle and columnist for TheDirty.com, hates Obama.  Enough said.

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Joe Manchin (D-WV)  loves coal.  West Virginia loves coal because they don’t know how to make money any other way.  Coal companies blow up mountains and dump coal sludge in valleys and build crappy dams that break and kill mine workers families.  Nice eh?

So anyway, Cap and trade’s carbon taxes would destroy the coal industry.  Coal extraction and energy production is so detrimental to this planet that it would be taxed in to bankruptcy.  The coal industry is convincing you that no other source of energy is feasible.  Your personal income taxes have subsidized coal $500 compared to $7 toward alternative energy research.   Joe Manchin has aimed his sites at destroying the cap and trade bill.  He doesn’t want alternative energy even though it will be for the good of the people of West Virginia as well as the rest of the nation.

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I’m not too excited about your choices.

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By the way, not too long ago there was an industry called “pluming”.  Plumers went down to the everglades, South America and Africa and shot every bird in site and sent the feathers to factories in New York and various other cities.  When environmentalists exposed the appalling slaughter, people yelled out “we need the jobs”  Well, the obvious idiocy made ladies realize that hats with feathers were not a necessity and the industry died and plumers learned a different trade and factories made other stuff.  We’ll survive life without coal.

 

 

I asked many of my co-workers and friends what they know about the Federal Reserve. Some never heard of it and others just “stay out of politics”.  Congress either understands the Federal Reserve about as well as me and the people I work with or they understand it very well and use it for their own purposes.  My guess is there is a little of both.

Woodrow Wilson signed the Federal Reserve Act into law in 1913 with hopes of  keeping the American economy stable.  The great depression happened after the stock market crashed in 1929 so apparently it didn’t work.  Conspiracy theories portray that It worked out nicely for the guys funding the Federal Reserve.

By the way did you know Woodrow Wilson’s second wife Edith was a descendant of Pocahontas and he was instrumental in women gaining the right to vote as well as creating the IRS and involving us in WWI.

It seems that Wilson’s purpose, which was passed by congress, was to establish a system of banking that would remain independent but overseen by congress to protect the American economy.   My smart friend Fred says… ‘ There is evidence that no one in government or banking has been properly taught recently. At least they don’t seem to be interested in financial stability as much as in how to flip securities and create new “products” to flim-flam investors, other banks and foreign governments. ”

Oversight of the Federal Reserve is quite obviously an important issue that we need to understand and pay attention to.  As Fred stated “Money is a debt of the government with no interest rate. When you have a hundred dollar bill it means the government owes you a hundred dollars. You can take it to any bank and exchange it for another or a combination of smaller  currency or coin equal to $100.  You used to be able to get gold or silver but that was eliminated in 1933. Can you imagine trying to keep track of a $5 gold fleck?”

So, we can’t run around with little gold flecks in our pockets or chickens or buckets of oil or items of value so money is printed.  A loan from the government covered by the value of the US treasury which is manipulated by the individuals at the Federal Reserve.  We vote for congressmen to keep an eye on the Fed, AKA oversight.

In 1895, the Federal Treasury was nearly out of gold. President Grover Cleveland arranged for J.P. Morgan to create a private syndicate on Wall Street to supply the U.S. Treasury with $65 million in gold. JP Morgan pretty much owned the US treasury, as a consequence Cleveland, a democrat, angered his democratic constituents, and lost the presidency to Republican William McKinley.  Mckinley established gold as the only standard for redeeming paper money with the Gold Standard Act in 1900.  He was assassinated in 1901.

Another panic in 1907 was a financial crisis that almost crippled the American economy, yet again. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them until Morgan stepped in, yet again and personally took charge, resolving the crisis.

Morgan organized a team of bank and trust executives which redirected money between banks.  A delicate political issue arose regarding the brokerage firm of Moore and Schley, which was deeply involved in a speculative pool in the stock of the Tennessee Coal, Iron and Railroad Company. Moore and Schley had pledged over six million of the Tennessee Coal and Iron (TCI) stock for loans among the Wall Street banks. The banks had called the loans, and the firm could not pay.  If Moore and Schley should fail, a hundred more failures would follow and then all Wall Street might go to pieces.  Too big to fail was going on back in 1907. Morgan decided they had to save Moore and Schley.

Vowing to never let it happen again, and realizing that in a future crisis there was not likely to be another Morgan, banking and political leaders, led by Senator Nelson Aldrich devised a plan that became the Federal Reserve System in 1913. The crisis underscored the need for a powerful mechanism, and Morgan supported the move to create the Federal Reserve System.  Yay!! it’ll never happen again and we don’t have to pay attention.  Then you may ask “Why did the great depression happen if the Federal Reserve System was established to protect the American economy”?  Well, either something evil was going on or just plain stupidity (on our part) and greed.

President Lincoln didn’t like the idea of a Central Bank and stated…

“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe. Corporations have been enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed.”

Shortly after he said this, he was assassinated.

Banks store our money for us so we don’t have to walk around with our wad in our boots.  It isn’t sitting in a vault waiting for us to come and get it.  The bank has devised ways to turn our little wad into a bigger wad for themselves through speculation and manipulation of fractional reserves (watch the video at http://www.youtube.com/watch?v=iYZM58dulPE to understand it better). They also extend credit to us based on our wad and make money off the interest.

We all need to treat our credit cards like a 30 day note, you borrow to get things you want in the immediate sense rather than having to wait for your next paycheck.  If you pay it back before the 30 days is up, you don’t have to pay interest, you just pay back what you borrowed. So we can live happily ever after surrounded by the ones we love.  Isn’t that the ultimate goal? for our money to buy our happiness? Like a patient said to me once “you never see a hearse pulling a U-haul”.

I ran across a website that visually represented how much money BP lost due to the oil spill.   I was incredulous.  That much money exists?  It is a loss they plan to recoup.  How do you suppose they will make up the loss?

They have convinced us to drive bigger cars, drink our water from a bottle, use more plastic and carry on with war, any war.  Oil men love war.  War is what truly feeds Seymour.  You remember the insatiable plant from “Little Shop of Horrors”.  I liken the oil (and coal) industry to Seymour’s need to keep his plant alive.  In the beginning it was a nice fun little plant.  Harmless, at least relatively.  The plant like the oil industry has gotten so big it is devouring the planet through wars and plastic and large ships and cruise liners that carry us and our crap across oceans.

We are convinced that if we all pile on a giant boat together life will be more fun.  We are convinced that the stuff we have is not good enough.  It all needs to be replaced by better stuff.  Most of the stuff is plastic and plastic is made from oil and the plastic is brought to us on giant boats that require massive amounts of oil.  This insatiable need has been brought to you by the oil industry.

We can’t blame oil entirely.  Coal is what fuels this nations heat and air and lights.  The current grid was set up by the coal industry and subsidized by the US government.  It was harmless and useful in its beginnings.  What a blessing to have heat and air and light due to the fabulous grid work that traverses the nation.  Except, now it too is like Seymour’s plant.  Dividing and devouring and convincing us that nothing else will do.

So let me share the website that prompted this blog…

http://www.visualeconomics.com/what-bp-could-have-bought-with-all-the-money-they-lost/

I wrote to my smart friend Fred who gave me this reply…

So you see in the world of business BP’s loss isn’t so much. Don’t feel sorry for them. Don’t think how much good this money could have done because it pales in comparison to the money we waste on wars. Iraq I believe was $1,000 billion. That’s 112 times what BP wasted.

When you look at it this way — it isn’t oil and coal that feeds Seymour’s plant.  Economics feeds the plant.  How often does economic advantage take precedence over doing good?  Goodness faces doom when it gets in the way of the economy.

What truly amazed me is that 3.4 billion dollars would buy an ice cream sandwich for everyone in the world and yahoo is worth 20 billion.  Wouldn’t it be cool if yahoo bought an ice cream sandwich for everyone in the world?  There is probably a soy version for the lactose intolerant.

The Top 10 Things You May Not Know About the Wall Street Reform and Consumer Protection Act

Here are 10 aspects of the Wall Street Reform and Consumer Protection Act you may not know about — the online attention-deficit version.

1. Stronger protections for consumers against unfair credit card practices like rate hikes for existing credit card balances.  When my son had a traffic accident I didn’t work for a month to be at his bedside,  I had a credit card with a 9% rate that I never used, but kept for emergencies.  As soon as I used it the rate went to 18%.  When I called to complain, they dropped the rate to 16% and told me that was “standard practice“.   I told them this was “standard bullshit” paid it off and canceled the card forever.
2. Mortgage brokers will be prohibited from making higher commissions by selling mortgages they know consumers can’t afford. But –  We love the stuff we can’t afford. We need to go back to –> we can only have what we can afford.  Then the cost of living will drop and the pay scales will rise and we’ll need less stuff.  Like “Happy Days”.
3. Free annual credit scores so people can stay on top of their finances. [Clarification: free credit scores are available if you receive worse terms on a loan because of something on your credit report, or if you are rejected. You think this will make folks stay on top of their finances?
   
4. No more taxpayer-funded bailouts. yay!! If a company can’t make it, it will have to liquidate.  If what they sell is junk, they need to go down. Like the company building junky jets for the air force — they went down.
5. Greater input by company shareholders over how much a CEO gets paid.  Companies’ compensation boards are now required to be truly independent.  you mean they weren’t in charge of a CEO’s pay or compensation?
6. Brokers who offer investment advice will have to act in the best interests of their customers, not their own financial interests.  Oh, yeah, like some federal law is gonna make that happen.
7. Financial firms won’t be allowed to grow so large that if one fails, it will affect the entire financial system.   Isn’t that why we don’t allow monopolies? When did that change?
8. There will be one agency whose sole job is to make sure that consumers get the protections they deserve and to set clear rules to hold banks, mortgage companies, payday lenders, and credit card lenders accountable.  It will be interesting to see how this works out. I’m sure you anti-government types are focusing on this one.
9. Businesses can’t be charged extra fees for debit card “swipe fees” that exceed the cost of processing transactions.
10. You can learn plenty more here at WhiteHouse,gov or at financialstability.gov
11. Updated: To tack on #11, here’s a new animated video we’ve released to further explain Wall Street Reform.

RE:  My son’s accident–> I didn’t borrow from mother, father, sister, brother or friend, I had money sitting around doing nothing waiting for the inevitable shit that happens in life.  Something governments, companies and individuals all need to do.

The Swiss bankers and the Roman Catholic Church were complicit in the Nazi regime. These were not terrible people. They were normal people. They closed their eyes to evil or justified it, for the sake of peace or gain or national loyalty. I sometimes wonder (and fear) whether I would have done the same if I had been in that society at that time. It is so easy not to see, not to hear, not to understand, when one’s own peace or prosperity is involved. There have been times, after all, when I have allowed blatantly racist statements to pass unchallenged in the name of good manners, or of just keeping the peace. For so little of one’s soul, or at least a little piece of it, is on the auction block.”

The Reverend Kathleen Damewood Korb

Certain persons in the media have made mephistophelian bargains for power and fame using fear and greed as their catalyst.  A few of them have marketed themselves as chosen.  Chosen to teach us what God wants us to do.  People blindly believe their utterances and it is becoming impossible to sit idly by or “close my eyes for the sake of peace”.

“Never talk politics or religion at the dinner table.”  Adhering to that rule makes for a peaceful dinner especially among friends and family with differing political values.  Once the plates are cleared and the wine and chocolates or coffee and cheesecake starts a few fists have pounded the table. There are times when we need to discuss and debate, to provide the other side of a point. Informing ourselves, sharing what we’ve learned removes animosity and hatred and misunderstanding.  Not talking at all, not sharing likes and dislikes is only useful for augmenting paranoia. 

It is always important to challenge hate; challenge it’s source and find it’s solution. When you don’t like the way things are, there is always a chance for a different outcome.  Our conversations need to look at all sides and possible outcomes. Are we better off doing nothing vs doing things differently?

When fists are pounding or all capital letters are being typed, chances are a point is being made.  Hopefully the point is to liberate us from hate

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Mr. Levin said, referring to testimony given by Mr. Blankfein in January. “They were self-interested promoters of risky and complicated financial schemes that were a major part of the 2008 crisis. They bundled toxic and dubious mortgages into complex financial instruments, got the credit-rating agencies to label them as AAA safe securities, sold them to investors, magnifying and spreading risk throughout the financial system, and all too often betting against the financial instruments that they sold, and profiting at the expense of their clients.” 

They bet against what they sold!?  That is legal?! Is this what we are trying to stop in this financial regulations bill?  If America is a giant casino and we are the players, does Goldman Sachs (et al) own the casino?  Are you investor types out there OK with that?

The more I read about this the more confused I get.  I think, well they must not have understood the huge impact this betting would cause us out here in the trenches.  Then I think, no, they are amazingly intelligent people, they knew, they just didn’t care; and they never will.  We can’t ever expect the casino to do what is right for us, they will always do what makes them money.   We can’t even shake our pointy fingers at them because we have admired them this whole time for their wealth and power while they plotted our demise. Half of us still admire them,  and those are the ones arranging a filibuster right now in the senate.

So we need to pay attention to what our senators are paying attention to.

http://www.senate.gov/general/contact_information/senators_cfm.cfmP