Funny how the same corporate-owned electeds who believe that corporations have the right to raise the price of their products at will also feel that the folks who work for those corps shouldn't get an increase in the minimum wage. To hear why I say that it's hypocritical to deny a minimum wage increase to workers, since price increases are the way that corps give themselves a raise, visit my Listen Here! page.
Recently, a GOP North Carolina State Representative co-sponsored a bill that would make it a felony for a woman to expose her nipples. Now you might be asking what that has to do with the President's State Of The Union Address? The answer to that question is on my Listen Here! page and illustrates how our political system has devolved over the past few years.
Gee, I'm overjoyed that the stock market has shot back up to the 15,000s. We wouldn't want the 1% to miss one cent of profit, now would we? The powers that be want us to believe that rigging the system to make Wall Street gamblers more prosperous will somehow make the average Jane and Joe financially secure. That's like saying that a bunch of rich people in evening gowns and tuxedos gluttonously gorging on caviar and foie gras in front of poor, starving folks will somehow, by osmosis feed them.
The many perversities that drive stock market prices up or down usually have no bearing or have a negative bearing on things that affect our everyday life. Translation, what's good for Wall Street usually isn't good for the average person. In their constant quest to improve the quarterly bottom line to please Wall Street, corporate CEOs have become merciless cost cutters who have resorted to shipping American jobs to places like China and India. The workers who are displaced by job offshoring create a huge pool of desperate people that other greedy CEOs, who have to answer to Wall Street, not to us, can exploit to keep the wages that they pay their employees low.
The most insidious aspect of the above is that job cuts and stagnant wages cost our country tax revenues which then cause our corporate owned electeds to try to balance the budget on the backs of those who can least afford it by cutting so called entitlements like Social Security and Medicare. That would give many Americans less money to spend, costing more jobs. Did I hear you say vicious circle? If you thought that all of that was the entire mess,you would be wrong so read on and you will be outraged.
Let's suppose that, by some miracle, you had a few bucks to spare and wanted to start a small nest egg for either retirement or a rainy day. You open a savings account at your local multinational bank because you are only able to put away a small amount of money at a time. You are shocked to find out that your “friendly” local bank is not only paying you close to or zero percent interest, but has the nerve to charge you all sorts of fees. Yes, you are paying them to keep and use your money. That's because our “friends” at the Federal Reserve Bank are giving banks money for nothing at around zero percent interest. Guess who wins when they compete with you, the small saver?
I have just scratched the surface in this article. I didn't talk about our rigged healthcare system that denies care to many people and bankrupts others with huge bills. I didn't talk about the endless, gratuitous wars for fun and profit that sap our country of its youth and tax revenue that could be put to better use saving lives. They will be addressed in future articles and have been addressed in previous articles. At this point, you might want to know what you can do about the situation? The answers are in the articles on this website. Read, read!
Hey, did you say that it's your you know what?
These days in the USA, if you’re middle class, chances are it's your life savings. Thanks to corporate greed, pensions are gradually becoming a nostalgic memory. As if that's not bad enough, many soon-to-be retirees lost a good portion of their 401Ks when they panic-sold during the 2008 financial crisis. You remember 2008, that's when Wall Street and the banks were bailed out and us ordinary, small enough to fail common folk were left to drown....oops, I mean fend for ourselves.
As if all of the above isn't bad enough for an older person's fiscal health, and if it didn't totally wipe out his or her life savings, a major illness will probably get the job done. In the good old USA,
bad physical health causes bad fiscal health. Although being insured is better than not being insured, in many cases health insurance, Medicare included, doesn't fully cover the medical expenses of a serious illness. One illness can wipe out your life savings or cause bankruptcy.
In many enlightened countries, getting sick doesn't mean going broke because they have nationalized health care that covers just about every contingency. In many enlightened countries, people can retire with dignity. Not so here because our country seems to put corporate profits
before the well being of its citizens. Case in point being the constant attacks on Social Security and Medicare that corporate owned electeds refer to as “entitlements.”
The bottom line is that our country has finally devolved to the point where it, comparatively speaking, not only has few social safety nets, but has electeds that want to either cut or take them away. The question of the day is, are we going to stand for that?
Have you noticed that there's no one on Talk Radio who speaks for John and Jane Q. Public? I want to change that situation. When I go into the studio and get on the air, I say the things that you've always wanted to say. The big corporate interests have their lobbyists, I want to be your voice. Just think of me as your guy fighting for your interests.
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Headlines For 9/6/2017