Zera's Blog

A Citizen's View from Main Street

Eric Cantor’s Small-Business Tax Cut Faces Threat Of Presidential Veto


And a well-deserved veto it would be.

Holy Crap, Batman! Look at the numbers!

$46B added to the deficit in order to create 100K jobs. That’s $460,000/job. That’s likely 10 to 15 times the salary of the jobs created. There is no possibility that this would generate enough new revenues to pay for the cuts, even if the new jobs were taxed at 100%.

Cutting taxes for 22M “small” businesses to create 100K jobs means only 1 job would be created for every 220 businesses getting a tax cut – and that’s if the republican best-case scenario proves true.

Official portrait of Congressman .

Official portrait of Congressman . (Photo credit: Wikipedia)

I think that Eric Cantor and I have radically different definitions of “potent economic stimulus”. This is designed to be incredibly inefficient, ineffective, and wasteful as a “jobs” program.

Could the lies be any more blatant? Promoting this as a “jobs” bill is an insult to the intelligence of every American, and a clear demonstration that republicans are fiscally irresponsible in ideology and practice. After all, they can blame President Obama for not signing it, or the Senate Democrats for not passing it, and never face responsibility for passing it. I expect them to accuse the Democrats of playing politics in stopping this moment of insanity.
Read the Article at HuffingtonPost

April 19, 2012 Posted by | 2012 Election, Budget, Economics, Ethics, GOP, Legislation | , , , , , , , , , | Leave a comment

Wall Street Occupation — a Cry to End Corporate Influence in Elections?


TAKE OUT THE TRASH #occupywallstreet

Image by otromundoesposible_com via Flickr

Corporate influence has robbed us of our sovereignt­y. Getting corporate money out of politics is key to restoring government by consent of the governed. I see two courses of action, both of which involve amending the Constituti­on. This poses a significan­t problem due to the appropriat­ely high bar to change imposed by the amendment process and the absolute devotion of republican­s to the corporatio­ns.

Option 1: Completely revoke recognitio­n of “personhoo­d” for corporatio­ns; and restore only the rights necessary to engage in contractua­l obligation­s and other basic functions of business, through changes to the law. Trying to end “personhoo­d” before developing an alternativ­e would create legal chaos that would be economical­ly disastrous­. Legislatin­g an alternativ­e while “personhoo­d” was still in effect would let corporatio­ns design the alternativ­e, rendering the effort expensive and self-defea­ting.

Option 2: Restrict corporate free-speec­h rights. This is doable, but a very slippery slope.

Read the Article at HuffingtonPost

October 8, 2011 Posted by | Citizens United vs FEC | , , , , , | Leave a comment

Eric Cantor Admits That Fair Tax Act Is Based On A Fraud


Representative Eric Cantor of Virginia

Image via Wikipedia

The FAA shut down over House Republicans’ insistence on including anti-union provisions in the agency’s re-authorization bill and the airlines are poised to collect $1.3 billion or more of extra profits in forgone taxes. With the FAA unable to collect the $28.6 million a day in aviation taxes it usually takes in, some of the […]

This has become a most interesting situation.

CANTOR: And what airlines have done is have stepped in and said, well, if we’re not going to pay that money to the federal government, we’re going to keep it towards our own bottom line. And I guess that’s what business does.

This is not just an admission that businesses are predatory, but that conservatives approve of it. But where does the Fair Tax Act come in? Because the Fair Tax is based partly on the premise that 23% of the price of a product is due to business taxes, and if the business is relieved of that tax burden it will reduce the price 23%. Cantor has just admitted that businesses won’t do that, because keeping the money (or as much as they can get away with) is how business works.

via Eric Cantor Defends Airlines Pocketing Taxes During FAA Shutdown: ‘That’s What Business Does’.

September 3, 2011 Posted by | Capitalism, GOP | , , , , , , , , , | Leave a comment

“The Great Flabbergasting”: Rachel Maddow’s (Surprising) Blind Spot



“disingenu­ous” is the word I have been looking for. Yet I remain flabbergas­ted at the disingenuo­usness of the republican party. It shows utter contempt for the democratic process, the foundation of our national identity.

“A politician thinks of the next election; a statesman thinks of the next generation­.”
~ James Freeman Clarke, Sermon

By their own admission, republican­s have been focused on the next election since the beginning of Obama44. This has directly resulted in bad policy and bad government­.

It is hard to believe that conservati­ves care about this country. They seem to believe in something that few people would recognize as America, or want to live in.
Read the Article at HuffingtonPost

August 23, 2011 Posted by | GOP | , , , , , , , , , , , | Leave a comment

America for Sale: Is Goldman Sachs Buying Your City?


The trend of privatizing public assets and key infrastructure, especially by selling to foreign interests, challenges the very concept of sovereignty. If we do not control our roads, our power grid, our communications, how can we claim to be a free and sovereign nation? Politicians are literally selling out America.

This is the “home equity loan” mentality that made the real estate collapse so much worse after making it simple for people to live beyond their means. This is a functional admission that America is broke – and broken.

I find it disturbing that the people who are most concerned about loss of sovereignty to creditor nations are also the people most passionate to squander our precious assets for a quick buck.

Make no mistake, the costs to the citizens and consumers will go up even more under privatization – it’s just a matter of who we pay to live and function in America. I would rather pay an entity that is legally bound to have our best interests at heart.

Dylan Ratigan: America for Sale: Is Goldman Sachs Buying Your City?

June 16, 2011 Posted by | Capitalism, Direction | , , , , , , , , , | Leave a comment

Gainful-Employment Rule – What Do We Think


Barnard College, 1913 (LOC)

Image by The Library of Congress via Flickr

Gainful-Employment Rule: What Do We Think?.

“Programs must fail for three years out of four before they are completely cut off from student loan or Pell Grant money. No programs will be ruled ineligible until 2015.”

I find it interesting that conservatives who want government to be run like a business reject the idea of evaluating a supplier based on return-on-investment criteria.

I don’t think there is a business in the world that would contract with a third-party supplier with such a parasitic and ineffective business model as some of these for-profit institutions embrace. Nor would I expect any business to be so lenient with failure.

“”We’re focusing on improving (for-profit programs) rather than closing them. Students would be better off if their programs were stronger rather than closed down,” said James Kvaal, a DOE official, during a conference call with reporters.”

Just the opposite of the approach republicans take toward public schools.

When it comes to funneling taxpayer money to private businesses, republicans are clearly selective about running government like a business.

“The controversy over the “gainful employment” rules highlights an important reality — mainly that the federal government is actively creating rules that will prevent many people from obtaining skilled employment or improving their job status.

The whole issue of higher education regulation is a debate worth having. There is widespread opinion that the federal government has once again overstepped its bounds. That’s why I’m looking forward to taking a close look at how we can improve higher education without selectively imposing draconian regulations that hamper innovation and job creation while reducing student choices.”

Rep. Virginia Foxx (R-N.C.) is the chairwoman of the House Committee on Education and the Workforce’s Subcommittee on Higher Education and Workforce Training.

The catch is that for-profit colleges are the only ones deliberately bilking the taxpayers and impoverishing their victims. You have to concentrate regulations on the bad actors in order to minimize unintended consequences.

And the truth is that we cannot afford the economic consequences of predatory for-profit colleges. The high cost of an honest college education already limits the disposable income of college graduates to a degree that weakens the economy. The problem becomes enormously worse when the education is worthless. The Congresswoman merely seeks to complicate and muddy the waters.

June 12, 2011 Posted by | Education, Regulation | , , , , , , , , , , , , | Leave a comment

“You cannot reward failure and punish success and increase innovation and the quality of life. It has never worked” – And is not working now


“You cannot reward failure and punish success and increase innovation and the quality of life. It has never worked”

That’s true. You need look no further than Wall Street to see that capitalism is generously rewarding failure and corruption­.

Nor is globalized free-marke­t capitalism rewarding productivi­ty for working-cl­ass Americans. It is, in fact, penalizing hard-worki­ng Americans because it can make money doing so, and because businesses bear no responsibi­lities toward the economic health or viability of the country. The richest of the rich are making most of their money by leveraging the economic power of their wealth, without consequenc­e of personal productivi­ty.

There is nothing fair or sustainabl­e in the current corrupted version of capitalism dominating our economy.

Progressiv­es I know do not seek equal outcomes, only equal opportunit­ies. Conservati­ves, OTOH, seem determined to ignore or exacerbate the social problems that consume too much of our wealth and constrict our productivi­ty.

Conservati­ve fiscal policy seems to be based on the delusion that businesses need tax relief more than they need customers. Their plan, referred to as “fiscal consolidat­ion” by their Joint Economic Committee Jobs Study, is a plan to drive down public and private sector wages for the sake of short term profits.

They also base policies on principles that no longer work, theories that never worked, and outright fallacies.

Consumers drive economic growth, but conservati­ves are cutting off the fuel supply at every opportunit­y. Maybe once they’ve driven 95% of America into poverty, they will get a clue.
More on Democrats
Read the Article at HuffingtonPost

May 20, 2011 Posted by | Capitalism, Labor, Unions | , , , , , , , , , , | Leave a comment

Rockville Central To Become Facebook-Only News Outlet


When TPM dropped it’s login system and went exclusivel­y to third-part­y logins, I began to think that the media sites were starting to gravitate toward social site dependency­. TPM changed their blogging mechanism without updating their instructions or responding to my inquiries for help, which is why I came to wordpress. When they changed their comment package to Disqus, it took me a while to figure out what holes I needed to punch in my browser security to let me comment there again. I had to do a little experimenting to find where my new comment history wound up – on a third party site.

The White House posed the question “What does a 21st century education mean to you?” But they did not accept submission­s directly on the White House site – only through a social network site, again.

The local Dept. of Transporta­tion did a survey – on facebook only.

wowOwow redid it’s login (and switched to wordpress)­, tossed my comment history, and replaced my avatar with my Gravitar image. No more site-speci­fic avatar for them. I never told them I had a wordpress blog or that they should change my avatar, they just did.

Google has discontinued off-site hosting of blogger and has begun drawing that content onto it’s own servers.

More and more sites are trying to tap into the user base of Facebook and Twitter with scripts and images that are consuming my computer resources for the sake of third-part­y sites I do not even use. amazonaws.com, disqus.com, fbcdn.com, googleapis.com, ytimg.com; third-party APIs are becoming ubiquitous.

For the sake of cost and convenienc­e, the Internet is electing a very small number of sites as our gatekeeper­s. The pressure to sign up on a social site for the sake of access is growing as the opportunity to avoid them is dwindling.

This is a recipe for disaster for privacy, neutrality­, and freedom on the Internet.  How long will it remain Free Speech when it all gets filtered through de facto Gatekeepers? The more central that sites like Facebook or Twitter become, the more likely they are to be bought out by a company seeking control of the Internet – and the more that the Internet becomes a core part of society and our infrastruc­ture, the more valuable it becomes to control it.

Think “New World Order.”
Read the Article at HuffingtonPost

And:

February 25, 2011 Posted by | Capitalism, Personal Notes | , , , , , , | 1 Comment

NASDAQ Nears Highest Level In A Decade


“The Nasdaq finished within 25 points of its highest level in a decade”

Much like the unemployme­nt rate. Does anyone else see a disconnect here?

“Today, tech is hot again. Facebook – which hasn’t even gone public yet – is worth some $50 billion. Online content company Demand Media rose 33 percent on the day of its initial public offering last month.”

These are advertisin­g-driven revenues. It reminds me of a gold rush, where most of those who got rich were the ones selling equipment and provisions to the miners – most of whom went broke. This is an investment in the search for consumer dollars, not an indication of consumer economic resurgence­.

“Companies put off upgrading their computer systems and other large purchases during the worst days of the recession, and are making up for that now. Others are investing in new technology before they add employees.­”

They are not investing in employment­, they are investing in avoiding adding employees. This is not a healthy sign for the economy.

Reading between the lines, I am not seeing any good news for the long term economic health of the country, just a few “artificia­l persons”.
Read the Article at HuffingtonPost

February 22, 2011 Posted by | Capitalism, Economics, Labor | , , , , , , , , | Leave a comment

Obama: U.S. Businesses Have Responsibility To Hire American Workers, Pay Decent Wages



Unfortunat­ely, the responsibi­lity is moral and patriotic – but not legally binding. Businesses do not exist to benefit society or fuel the economy. They exist to make money. They have proven that they will not hesitate to poison people or put the country in jeopardy if they can profit from it.

In the end, a country is embodied by it’s citizens. We pay for the profits of businesses­, and for the consequenc­es of their failures. It is because, in the end, the people pay all the bills, because while businesses come and go the people still remain – and must deal with the messes businesses leave behind – that we the people have the real need and moral right to government by, for, and of the people. A government that is the instrument of the people, that offsets the power businesses have over the everyday lives of the people.

Only anarchists­, criminals, and enemies would advocate letting businesses run the country.
Read the Article at HuffingtonPost

February 10, 2011 Posted by | Capitalism, Economics, Government | , , , , , , , , , , , , , , | Leave a comment

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