Author's posts

Today on The Stars Hollow Gazette

Our regular featured content-

And these featured articles-

Tonight’s Special Feature-

Write more and often.  This is an Open Thread.

The Stars Hollow Gazette

Corporate Welfare Has Not Created Jobs

Cross posted from The Stars Hollow Gazette

The 2012 Democratic National Platform talks big about job creation and rebuilding the middle class which has been taking hits since the Reagan tax cuts in 1984. While it touts the fact that the private sector has created jobs and the manufacturing sector is growing, its not enough. Most of the jobs that have been created are low paying. The Democratic Party has done little to debunk the lie that the wealthy corporations and individuals are job creators. By rubber stamping the past policies of giveaways to corporations and extending the Bush/Obama tax cuts, the Democrats have made the problems for the ever shrinking middle class even worse.

In two articles at Common Dreams, writers Paul Buchheit and John Atcheson debunk the “job creators fraud” and lay out the real problem ailing the economy, “corporate welfare”. In Mr. Buchheit’s article, he concisely cuts through the “job creator” nonsense with the facts.

Based on IRS figures, the richest 1% nearly tripled its share of America’s after-tax income from 1980 to 2006. That’s an extra trillion dollars a year. Then, in the first year after the 2008 recession, they took 93% (pdf) of all the new income.

He also notes that the wealthiest 10% own 83% of the financial wealth (pdf) and only pay 15% tax under the premise that they would create jobs. Instead they put that wealth into tax fee accounts overseas (pdf).

Mr. Atcheson breaks it down noting that the 15% tax rate allows the wealthy to avoid some $59 billion in taxes per year and by sheltering profits off shore, “(c)orporations are given $58 billion a year in tax breaks (pdf).” Hedge fund managers are given a tax break that allows them to pay only 15% on their earnings, avoiding at least $2.1 billion in taxes a year. Yet, as he further points out:

We spend $59 billion on social welfare programs, but more than $92 billion on corporate subsidies.  According to the Environmental Law Institute, fossil fuel industries alone get more than $70 billion in subsidies, with most going to the oil and gas sector.  Yeah, we certainly can’t afford to deprive Exxon of its record profits just to give money to needy kids.

Add to that $1.2 trillion the $9 trillion in low interest and no interest loans from the Federal Reserve and $700 billion bank bailout that these corporations and banks are making huge profits on and paying no taxes. You have, Mr. Buchheit notes, “$10 trillion in 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.”

These are the facts that Mr. Buchheit’s lays out:

The Wall Street Journal noted in 2009 that the Bush tax cuts led to the “worst track record for jobs in recorded history.” 25 million people remain unemployed or underemployed, with 30 to 50 percent of recent college graduates in one of those categories. Among unemployed workers, nearly 43 percent have been without a job for six months or longer.

For the jobs that remain, most are low-paying, with the only real employment growth occurring in retail sales and food preparation. A recent report by the National Employment Law Project confirms that lower-wage occupations (up to about $14 per hour) accounted for 21 percent of recession losses and 58 percent of recovery growth, while mid-wage occupations (between $14 and $21 per hour) accounted for 60 percent of recession losses and only 22 percent of recovery growth.

The minimum wage is shamefully low, about 30% lower (pdf) than the inflation-adjusted 1968 figure. And the tiny pay can’t be blamed on small business. Two-thirds of America’s low-wage workers, according to another National Employment Law Project (pdf) report, work for companies that have at least 100 employees.

All these job woes persist while productivity has continued to grow, with an 80% increase since 1973 as median worker pay has stagnated. [..]

With the bulk of their assets buried in “low-risk investments (bonds and cash), the stock market, and real estate”, the wealthy are not creating jobs:

… Only 3 percent of the CEOs, upper management, and financial professionals were entrepreneurs (pdf) in 2005, even though they made up about 60 percent of the richest .1% of Americans. A recent study found that less than 1 percent of all entrepreneurs came from very rich or very poor backgrounds. They come from the middle class.

There is ample evidence that more jobs were created when the top marginal tax rates were high.

Instead of cutting our social safety net, as President Obama has agreed to do in his “Grand Bargain”, we need to end the corporate welfare programs and put an end to the lie that if we tax the wealthy less they’ll create jobs.

On This Day In History September 5

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 5 is the 248th day of the year (249th in leap years) in the Gregorian calendar. There are 117 days remaining until the end of the year..

On this day in 1882, the first Labor Day was celebrated in NYC with a parade of 10,000 workers. The Parade started at City Hall, winding past the reviewing stands at Union Square and then uptown where it ended at 42nd St where the marcher’s and their families celebrated with a picnic, concert and speeches. The march was organized by New York’s Central Labor Union and while there has been debate as to who originated the idea, credit is given to Peter McGuire, general secretary of the Brotherhood of Carpenters and Joiners and a co-founder of the American Federation of Labor.

It became a federal holiday in 1894, when, following the deaths of a number of workers at the hands of the U.S. military and U.S. Marshals during the Pullman Strike, President Grover Cleveland  put reconciliation with the labor movement as a top political priority. Fearing further conflict, legislation making Labor Day a national holiday was rushed through Congress unanimously and signed into law a mere six days after the end of the strike. The September date was chosen as Cleveland was concerned that aligning an American labor holiday with existing international May Day celebrations would stir up negative emotions linked to the Haymarket Affair. All 50 U.S. states have made Labor Day a state holiday.

On This Day In History September 4

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 4 is the 247th day of the year (248th in leap years) in the Gregorian calendar. There are 118 days remaining until the end of the year.

On this day in 1886, Apache chief Geronimo surrenders to U.S. government troops. For 30 years, the mighty Native American warrior had battled to protect his tribe’s homeland; however, by 1886 the Apaches were exhausted and hopelessly outnumbered. General Nelson Miles accepted Geronimo’s surrender, making him the last Indian warrior to formally give in to U.S. forces and signaling the end of the Indian Wars in the Southwest.

While Geronimo (Chiricahua: Goyaale, “one who yawns”; often spelled Goyathlay or Goyahkla in English) said he was never a chief, he was a military leader. As a Chiricahua Apache, this meant he was one of many people with special spiritual insights and abilities known to Apache people as “Power”. Among these were the ability to walk without leaving tracks; the abilities now known as telekinesis and telepathy; and the ability to survive gunshot (rifle/musket, pistol, and shotgun). Geronimo was wounded numerous times by both bullets and buckshot, but survived. Apache men chose to follow him of their own free will, and offered first-hand eye-witness testimony regarding his many “powers”. They declared that this was the main reason why so many chose to follow him (he was favored by/protected by “Usen”, the Apache high-god). Geronimo’s “powers” were considered to be so great that he personally painted the faces of the warriors who followed him to reflect their protective effect. During his career as a war chief, Geronimo was notorious for consistently urging raids and war upon Mexican Provinces and their various towns, and later against American locations across Arizona, New Mexico, and western Texas.

snip

In 1886, General Nelson A. Miles selected Captain Henry Lawton, in command of B Troop, 4th Cavalry, at Ft. Huachuca and First Lieutenant Charles B. Gatewood to lead the expedition that captured Geronimo. Numerous stories abound as to who actually captured Geronimo, or to whom he surrendered, although most contemporary accounts, and Geronimo’s own later statements, give most of the credit for negotiating the surrender to Lt. Gatewood. For Lawton’s part, he was given orders to head up actions south of the U.S.-Mexico boundary where it was thought Geronimo and a small band of his followers would take refuge from U.S. authorities. Lawton was to pursue, subdue, and return Geronimo to the U.S., dead or alive.

Lawton’s official report dated September 9, 1886 sums up the actions of his unit and gives credit to a number of his troopers for their efforts. Geronimo gave Gatewood credit for his decision to surrender as Gatewood was well known to Geronimo, spoke some Apache, and was familiar with and honored their traditions and values. He acknowledged Lawton’s tenacity for wearing the Apaches down with constant pursuit. Geronimo and his followers had little or no time to rest or stay in one place. Completely worn out, the little band of Apaches returned to the U.S. with Lawton and officially surrendered to General Miles on September 4, 1886 at Skeleton Canyon, Arizona.

The debate still remains whether Geronimo surrendered unconditionally. Geronimo pleaded in his memoirs that his people who surrendered had been misled: his surrender as a war prisoner was conditioned in front of uncontested witnesses (especially General Stanley). General Howard, chief of Pacific US army division, said on his part that his surrender was accepted as a dangerous outlaw without condition, which has been contested in front of the Senate.

In February, 1909, Geronimo was thrown from his horse while riding home, and had to lie in the cold all night before a friend found him extremely ill. He died of pneumonia on February 17, 1909 as a prisoner of the United States at Fort Sill, Oklahoma. On his deathbed, he confessed to his nephew that he regretted his decision to surrender. He was buried at Fort Sill in the Apache Indian Prisoner of War Cemetery

Exposing the Lies in the 2012 Democratic National Platform

Cross posted from The Stars Hollow Gazette

The Democratic National Convention formally convenes at 5 PM EDT in Charlotte, North Carolina. The 2012 Democratic National Platform was released to the press Monday afternoon. I haven’t read it in its entirety but  I was drawn to read the housing section because of these two tweets from FDL‘s David Dayen:

Stabilizing the Housing Market and Hard-Hit Communities.

For more than a decade, irresponsible lenders tricked buyers into signing subprime loans while too many homeowners got in over their heads by buying homes they couldn’t afford. But when the housing bubble burst, it hurt everyone, including responsible homeowners who played by the rules, but saw their home values decline and their neighbors’ houses sit vacant. The housing market’s dramatic collapse did more than punish millions of innocent Americans; it also triggered the economy’s downward spiral into recession. President Obama took swift action to stabilize a housing market in crisis, helping five million families restructure their loans to help them stay in their homes, making it easier for families to refinance their mortgages and save hundreds of dollars a month, and giving tax credits to first-time home buyers. He also cracked down on fraudulent mortgage lenders and other abuses that contributed to the housing crisis. Democrats have held the largest financial institutions accountable by requiring them to provide relief for homeowners still struggling to pay their mortgages and to change practices that took advantage of homeowners. Democrats also understand the importance of helping communities fightback against the foreclosures that threaten entire neighborhoods, which is why the President proposed to expand the successful neighborhood stabilization efforts in his American Jobs Act. Too many people still owe more on their homes than they are worth. That is why Democrats are fighting to give every responsible homeowner the chance to refinance their home, spurring investment in communities that have been hit hardest by foreclosure, and taking whatever steps we can to avoid more foreclosures. The President remains committed to creating an economy that’s built to last, where homeownership is an achievable dream for all Americans

Emphasis mine

David is right, this has to be the most outrageous lie since Paul Ryan took to the stage at the RNC Convention.

From the September 1 New York Times Editorial: Still No Justice for Mortgage Abuses:

The Office of Mortgage Settlement Oversight, the monitor of the settlement, released a preliminary report last week showing that 138,000 homeowners had received some form of relief from March 1 through June 30. That is roughly the number that would have been expected under various aid programs in effect before the settlement. Worse, with some three million borrowers now in or near foreclosure, according to Moody’s Analytics, it is nowhere near the level of relief needed to fix the housing market. [..]

Short sales are better than foreclosures, in part because they prevent vacancies that depress house values. But they are not punishment for wrongdoing in any meaningful sense; rather, they allow banks to get higher prices for underwater properties than they could have gotten in foreclosure sales.

Nor do they fulfill the settlement’s main purpose: to keep underwater borrowers in their homes by reducing the principal on their mortgage loans. According to the monitor’s report, $8.7 billion of debt has been written off in short sales versus only $750 million of principal reduction from loan modifications.

And the fraud continues, thanks to MERS. Don’t let the rosy housing price increases fool you:

(N)ew foreclosures continued to be filed – 256,000 people had a foreclosure added to their credit reports in the June quarter – but that figure was the lowest since mid-2007, the Fed said.

In stark contrast to this improving backdrop are the legal battles still being waged over wrongful foreclosure practices. The glacial progress in these cases is not surprising, given the crowded courts and combatants’ usual stalling tactics.

What is surprising is the fresh evidence these cases are turning up of cockeyed mortgage practices, during both the boom and the bust. As these matters are adjudicated, perhaps we will finally learn whether these practices were intended or accidental. [..]

A foreclosure from Ohio highlights this problem. The facts from this matter are central to a prospective class action filed by a borrower, who contends he was charged improper court costs and legal-related fees in his foreclosure.

The case involved legal moves taken against a bank in 2007 that did not even have an interest in either of the two mortgage liens associated with the foreclosed property. Even though the bank should never have been dragged into the matter, it was – generating $775 in court costs and legal fees paid by the borrower, documents show. Only two years later, during the discovery process, did it emerge that the bank had no ownership in the underlying property.

That $775 may not sound like much. But Paul Grobman, a lawyer in New York who represents the borrower, said he believed the collection of what he called improper legal charges is rampant in foreclosures.

Here is the entire platform:

Document the lies.

 

Obama Will Not Prosecute Torture

Cross posted from The Stars Hollow Gazette

We know that the Obama administration was determined to never prosecute any of the main architects of the Bush regime torture program, or close Guantanamo. Last week while everyone was focused on the Republican Party Convention in Tampa, the Department of Justice announced that it is formally ending its investigation of the CIA’s “enhanced interrogation” program with out bringing criminal charges:

Attorney General Eric H. Holder Jr. announced Thursday that no one would be prosecuted for the deaths of a prisoner in Afghanistan in 2002 and another in Iraq in 2003, eliminating the last possibility that any criminal charges will be brought as a result of the brutal interrogations carried out by the C.I.A.

Mr. Holder had already ruled out any charges related to the use of waterboarding and other methods that most human rights experts consider to be torture. His announcement closes a contentious three-year investigation by the Justice Department and brings to an end years of dispute over whether line intelligence or military personnel or their superiors would be held accountable for the abuse of prisoners in the aftermath of the terrorist attacks of Sept. 11, 2001.

Mr. Holder had stated that the DOJ would not charge any of the interrogators if they had acted strictly in accordance with the department’s legal advice. Thus giving legitimacy to the “we were just following orders” defense that was rejected when used by German war criminals at Nuremberg. Mr. Holder just thumbed his nose at established international law, as well.

The lame excuse that there is a lack of solid evidence is just ludicrous, as David Dayen wrote in his article at FDL News Desk:

This was the investigation headed by John Durham, the federal prosecutor selected in August 2009 to look into charges of torture in CIA interrogations during the Bush Administration. We know plenty about those charges. The Justice Department released a previously classified document around the same time that they named Durham to lead the investigation, detailing the methods they used to interrogate suspects, including plenty of metMr. Obamahods that a plain reading would consider to be torture. This included waterboarding, stress positions, mock executions, threatening with handguns and power drills, vowing to kill or rape members of a detainee’s family, and inducing vomiting. [..]

In July 2010, federal judge and former Bush-era Justice Department official Jay Bybee, who wrote many of the Administration’s guidelines on interrogation, admitted to a House committee that CIA personnel never asked for approval for many of the interrogation techniques they used, that they went further than the prescribed guidelines from him, and that the ones he did prescribe were used excessively. Even if you believe that Bybee’s techniques were legal and did not violate federal and international conventions against torture, his testimony revealed clearly that CIA interrogators broke the law. Despite this prima facie evidence of unauthorized interrogation, the investigation went nowhere.

From the very start of his administration Pres. Obama and his officials have shielded the Bush torturers from all accountability, despite his campaign promise to have his Justice Department thoroughly investigate any charge of torture because no one is above the law. Then, even before he was inaugurated Mr. Obama declared that he was apposed to any of these investigations declaring  “we must look forward, not backward.”

Glenn Greenwald writing for The Guardian, reviews the timeline of decisions that has lead to a whitewash of the “war on terror crimes.”

Throughout the first several months of his presidency, his top political aides, such as the chief of staff, Rahm Emanuel and his press secretary, Robert Gibbs, publicly – and inappropriately – pressured the justice department to refrain from any criminal investigations. Over and over, they repeated the Orwellian mantra that such investigations were objectionable because “we must look forward, not backward“. As Gibbs put it in April 2009, when asked to explain Obama’s opposition, “the president is focused on looking forward. That’s why.

On 16 April 2009, Obama himself took the first step in formalizing the full-scale immunity he intended to bestow on all government officials involved even in the most heinous and lethal torture. On that date, he decreed absolute immunity for any official involved in torture provided that it comported with the permission slips produced by Bush department of justice (DOJ) lawyers which authorized certain techniques. “This is a time for reflection, not retribution,” the new president so movingly observed in his statement announcing this immunity. Obama added:

   “[N]othing will be gained by spending our time and energy laying blame for the past … we must resist the forces that divide us, and instead come together on behalf of our common future.” [..]

(I)n August 2009, Holder announced a formal investigation to determine whether criminal charges should be brought in over 100 cases of severe detainee abuse involving “off-the-books methods” such as “mock execution and threatening a prisoner with a gun and a power drill”, as well as threats that “prisoners (would be) made to witness the sexual abuse of their relatives.” But less than two years later, on 30 June 2011, Holder announced that of the more than 100 cases the justice department had reviewed, there would be no charges brought in any of them – except two.

Glenn goes on to discuss the evidence in those two brutal cases that the justice department has now closed without charges and how the Obama administration even shut down investigations by Spain and Germany:

Moreover, Obama’s top officials, as WikiLeaks cables revealed, secretly worked with GOP operatives to coerce other countries, such as Spain and Germany, to quash their investigations into the US torture of their citizens, and issued extraordinary threats to prevent British courts from disclosing any of what was done. And probably worst of all, the Obama administration aggressively shielded Bush officials even from being held accountable in civil cases brought by torture victims, by invoking radical secrecy powers and immunity doctrines to prevent courts even from hearing those claims.

Meanwhile, the Obama administration has prosecuted whistleblowers with a vigor that has surpassed all other presidents. In the NY Times article, Mr Holder noted one case in his announcement:

While no one has been prosecuted for the harsh interrogations, a former C.I.A. officer who helped hunt members of Al Qaeda in Pakistan and later spoke publicly about waterboarding, John C. Kiriakou, is awaiting trial on criminal charges that he disclosed to journalists the identity of other C.I.A. officers who participated in the interrogations.

Glenn appeared on Democracy Now with host Amy Goodman to discuss Mr. Holder’s announcement. During the seven minute interview they also discussed Clint Eastwood’s conversation with an empty chair at the RNC Convention,

Mr. Holder covers up the evidence, allows the real criminals to walk, instead prosecuting those who spoke out about the crimes.

Is this the change we are suppose to believe in and vote to reelect?  

Today on The Stars Hollow Gazette

Our regular featured content-

And these featured articles-

Write more and often.  This is an Open Thread.

The Stars Hollow Gazette

On This Day In History September 3

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour a cup of your favorite morning beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

On this day in 1783, the Treaty of Paris is signed ending the American Revolution

The treaty document was signed at the Hotel d’York – which is now 56 Rue Jacob – by John Adams, Benjamin Franklin, and John Jay (representing the United States) and David Hartley (a member of the British Parliament representing the British Monarch, King George III). Hartley was lodging at the hotel, which was therefore chosen in preference to the nearby British Embassy – 44 Rue Jacob – as “neutral” ground for the signing.

On September 3, Britain also signed separate agreements with France and Spain, and (provisionally) with the Netherlands. In the treaty with Spain, the colonies of East and West Florida were ceded to Spain (without any clearly defined northern boundary, resulting in disputed territory resolved with the Treaty of Madrid), as was the island of Minorca, while the Bahama Islands, Grenada and Montserrat, captured by the French and Spanish, were returned to Britain. The treaty with France was mostly about exchanges of captured territory (France’s only net gains were the island of Tobago, and Senegal in Africa), but also reinforced earlier treaties, guaranteeing fishing rights off Newfoundland. Dutch possessions in the East Indies, captured in 1781, were returned by Britain to the Netherlands in exchange for trading privileges in the Dutch East Indies.

The American Congress of the Confederation, which met temporarily in Annapolis, Maryland, ratified the treaty of Paris on January 14, 1784 (Ratification Day).[1] Copies were sent back to Europe for ratification by the other parties involved, the first reaching France in March. British ratification occurred on April 9, 1784, and the ratified versions were exchanged in Paris on May 12, 1784. It was not for some time, though, that the Americans in the countryside received the news due to the lack of communication.

Today on The Stars Hollow Gazette

Our regular featured content-

These featured articles-

Our weekly features-

This special feature-

Follow us on Twitter @StarsHollowGzt

This is an Open Thread

The Stars Hollow Gazette

On This Day In History September 2

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour a cup of your favorite morning beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 2 is the 245th day of the year (246th in leap years) in the Gregorian calendar. There are 120 days remaining until the end of the year.

On this day in 1969, America’s first automatic teller machine (ATM) makes its public debut, dispensing cash to customers at Chemical Bank in Rockville Center, New York. ATMs went on to revolutionize the banking industry, eliminating the need to visit a bank to conduct basic financial transactions. By the 1980s, these money machines had become widely popular and handled many of the functions previously performed by human tellers, such as check deposits and money transfers between accounts. Today, ATMs are as indispensable to most people as cell phones and e-mail.

Several inventors worked on early versions of a cash-dispensing machine, but Don Wetzel, an executive at Docutel, a Dallas company that developed automated baggage-handling equipment, is generally credited as coming up with the idea for the modern ATM. Wetzel reportedly conceived of the concept while waiting on line at a bank. The ATM that debuted in New York in 1969 was only able to give out cash, but in 1971, an ATM that could handle multiple functions, including providing customers’ account balances, was introduced.

ATMs eventually expanded beyond the confines of banks and today can be found everywhere from gas stations to convenience stores to cruise ships. There is even an ATM at McMurdo Station in Antarctica. Non-banks lease the machines (so-called “off premise” ATMs) or own them outright.

What’s Cooking: Peanut Butter & Chocolate Lover’s Trifle

Cross posted from The Stars Hollow Gazette

It’s the last holiday weekend of Summer and what better way to celebrate than with a backyard Clambake. So what’s for desert? S’mores are passe but who doesn’t love chocolate and peanut butter. Peanut Butter & Chocolate Lover’s Trifle is really easy to put together with a minimum amount of cooking. It does require a large serving bowl, preferably glass so guests can see the luscious layers.

Peanut Butter & Chocolate Lover’s Trifle

Ingredients:

  • Either a box of brownie mix, or a homemade batch of brownies. You can also use chocolate cake. Store made is a quick substitute
  • Whipped cream, about two cups. Canned (use the heavy cream version) or homemade.
  • Peanut butter sauce (melt one 10 ounce package of peanut butter chips with 1/4 cup of milk, 1/2 cup of heavy cream and 1/4 tsp of vanilla over low heat until combined, let cool).
  • Reese’s peanut butter cups, chopped
  • Kit Kat bars, chopped or Reese’s Pieces
  • 2 packages of instant vanilla pudding made according to their directions.
  • Directions:

    Layer the bottom with broken up brownies or cake. Top with vanilla pudding, peanut butter sauce, Reese’s peanut butter cups & Kit Kat bars or Reese’s Pieces, and a layer of whipped cream. Continue building your trifle with these layers until you’ve run out of ingredients or room 🙂

    Kari Goodwin who created this recipe for her blog, Minute on the Lips didn’t post how many chocolate lovers this recipe would serve but there was plenty for 8 guests with left overs. As for calories per serving, if you need to ask you probably shouldn’t be eating this. But hey, it’s a holiday, take an extra lap around the track for the next week.

    Today on The Stars Hollow Gazette

    Photobucket Pictures, Images and Photos

    Our regular featured content-

    And these featured articles-

    This special feature-

    Follow us on Twitter @StarsHollowGzt

    Write more and often.  This is an Open Thread.

    The Stars Hollow Gazette

    Load more