This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.
Sunday, March 31, 2013
Bill Moyers Journal: Former Reagan economist explains what GW Bush did to the economy
Former Reagan staffer Bruce Bartlett discusses how right-wing tax policies — pushed in part by Grover Norquist and Tea Party activists — are destroying the country’s economic foundation.
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Saturday, March 30, 2013
Venezuela to receive BMP-3 amphibious assault vehicles
Venezuela Receives 13 Russian Armored Vehicles
23:55 28/03/2013 Armed forces in Venezuela have received a new batch of Russian amphibious combat vehicles, the Moscow-based Center for Analysis of Global Arms Trade said on Thursday.>>
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What the 106th congress found out about minimum wage
Minimum wage is a women's issue because 60-70 per cent of the people receive minimum wage are women, 70 per cent are adults and the majority are high school drops outs. It is also an undocumented worker issue because immigrants and high school drop outs compete for the same jobs. These are excerpts from the COMMITTEE ON EDUCATION AND THE WORKFORCE, HOUSE OF REPRESENTATIVES ONE HUNDRED SIXTH CONGRESS when minimum wage was last raised.
Contrary to GOP claims, raising the minimum wage has very little effect on unemployment. The minimum wage and the earned Income tax credit are both used to lower poverty. One of the outcomes of a low minimum wage is that low income workers are eligible for Food stamps (SNAP) and Medicaid. So the Federal government ends up subsidizinf glow income workers IAW the conservative waltmart conservative corporte model.
- According to one survey, the best estimates of the minimum wage effect for young workers are that 10 percent increases in the minimum reduce employment by 1 to 2 percent.
- Increases in the minimum wage are routinely supported by overwhelming majorities in public opinion polls. Most Americans believe the government should make sure that full-time workers do not live in poverty.
- The 1996-1997 increase helped to raise the earnings of poor workers, and to lower the poverty rates. In addition, there is no evidence of any negative employment impacts. To the contrary, the low-wage labor market is tighter now than it has been in three decades. Unemployment rates of low-wage workers stand at 30-year lows. Employment rates of women leaving welfare to work are at record highs. These facts clearly support the contention that if Congress wants to make work pay, the current proposal to increase the minimum wage makes sense.
- The point should be that the minimum wage is not targeted only at poor workers, but at low-wage workers in general, and most low-wage workers reside in low-income families. Over 70 percent of these workers are adults. Sixty percent are women. About half work full-time and they are disproportionately minority. . . The average minimum wage worker brings home over half of their family's weekly earnings.
- (W)hat I am saying is that these businesses do not provide health insurance, and they do not provide pensions. So, the government, eventually, has to provide the healthcare for the people that they are exploiting, and also has to provide retirement for those people. I think that is what is sinister, not the fact that some of us want to raise the minimum wage so that people can live in decency.
- I look at the panel and I wonder how many of them are really on a first-name basis with poverty. I don't believe any of them are really, to tell you the truth, from what I have heard here today. But I have a hard time swallowing the logic that increasing the minimum wage has a negative impact. Now, I have been in Congress 17 years, and I have seen it increase several times, and never, never did I see the signs in those fast-food joints go down that say ``employment needed.'' I haven't seen signs going down in a lot of those kinds of work that are low paying jobs. They were still hiring even though they paid more.
- They go to work every morning where they sweep floors, sack groceries, cut lawns, or do any number of jobs that are low-paying. And then after work all day, just like the rest of America, they return to a house that is falling down. They eat the cheapest food they can find. They sit on second-hand furniture, and if they are lucky, they can sit back, and relax, and contemplate the American dream, and what a joke it is for them.
- Despite that obvious difficult existence, we sit here today discussing whether or not we should add $1, one lousy dollar, to the minimum wage. I think that is a shame.
- Dr. Bernstein. Well, I just want to say that the minimum wage was established by Congress to set the wage floor on the labor market, because low-wage workers have the least bargaining power of any group of workers in this economy. Without a minimum wage, their rates of pay will just decline year after year, being eroded by inflation. So, I don't think you are asking that question of whether there should be a minimum wage. I hope you are saying that there should be a minimum wage, but are asking how high it should be?
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Friday, March 29, 2013
Why Rightardia doesn't take the far right seriously
The far right is highly ideological and the their rants are predictable.
Most are angry because Mittens didn't get elected and they think they needs to take the country back, using force from citizen militias if necessary.
Most buy into standard conservative ideas that have been around for years with the exception of the right wing libertarians. These people represent about 18 per cent of the population at best. Many are against international military adventurism of the establishment Republicans. Most also oppose foreign aid.
Many libertarians are reminiscent of isolationist Republicansthat were common prior to the onset of World War 2. Charles Lindbergh is a good example. He was a Nazi sympathizer and didn't want the US at war with Germany.
The far right clearly prefers a corporatist model in which corporate leaders run both the government and the corporations. Corporatism has been called the first stage of fascism
The first stage of fascism should more appropriately be called Corporatism because it is a merger of State and corporations.
The Tetards think the US is headed down the road to socialism although the Democratic party is centrist. The problem is the Teatards are so far to the right, they see any political ideas to the left of them as socialistic communistic or fascist Why fascism? Because many Teatards do not have clear grasp of the difference between fascism and socialism
This graphic of the political spectrum shows that fascism is on the right and communism on the left. The two extreme political philosophies do have some common ground: statist centralized government and collectivist approaches to the economy.
However, communism is international movement. Fascism is national and fueled by militarism, corpratism and religion.
Adolf Hitler's primary goal in World War 2 was to defeat the Russian Bolsheviks and to replace Russian communism with a trans-Germanic culture that centered around Berlin.
The Teatards support most conservative objectives with the exception of US international militarism. This seem t be the biggest area of friction that the Tea Party has with Establishment Republicans like John McCain.
The farther political ideas go the left or right, they more ideological and predictable they become. The US is a centrist nation and has rejected politically extreme ideas in the past. This is why Rightardia doesn't take Tetards seriously.
During the GOP primary, an assortment of far right clowns was paraded before the electorate. New clowns like Rand Paul and Ted Cruz have also appeared. Do any of these have any chance of becoming president?
Read more: http://www.city-data.com/forum/politics-other-controversies/1095996-first-stage-fascism-should-more-appropriately.html#ixzz2OwBSqed4
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Most are angry because Mittens didn't get elected and they think they needs to take the country back, using force from citizen militias if necessary.
Most buy into standard conservative ideas that have been around for years with the exception of the right wing libertarians. These people represent about 18 per cent of the population at best. Many are against international military adventurism of the establishment Republicans. Most also oppose foreign aid.
Many libertarians are reminiscent of isolationist Republicansthat were common prior to the onset of World War 2. Charles Lindbergh is a good example. He was a Nazi sympathizer and didn't want the US at war with Germany.
The far right clearly prefers a corporatist model in which corporate leaders run both the government and the corporations. Corporatism has been called the first stage of fascism
The first stage of fascism should more appropriately be called Corporatism because it is a merger of State and corporations.
The Tetards think the US is headed down the road to socialism although the Democratic party is centrist. The problem is the Teatards are so far to the right, they see any political ideas to the left of them as socialistic communistic or fascist Why fascism? Because many Teatards do not have clear grasp of the difference between fascism and socialism
This graphic of the political spectrum shows that fascism is on the right and communism on the left. The two extreme political philosophies do have some common ground: statist centralized government and collectivist approaches to the economy.
However, communism is international movement. Fascism is national and fueled by militarism, corpratism and religion.
Adolf Hitler's primary goal in World War 2 was to defeat the Russian Bolsheviks and to replace Russian communism with a trans-Germanic culture that centered around Berlin.
The Teatards support most conservative objectives with the exception of US international militarism. This seem t be the biggest area of friction that the Tea Party has with Establishment Republicans like John McCain.
The farther political ideas go the left or right, they more ideological and predictable they become. The US is a centrist nation and has rejected politically extreme ideas in the past. This is why Rightardia doesn't take Tetards seriously.
During the GOP primary, an assortment of far right clowns was paraded before the electorate. New clowns like Rand Paul and Ted Cruz have also appeared. Do any of these have any chance of becoming president?
The "my way or the highway" right wing candidate will never win a presidential election.
This seems to be highly unlikely.Read more: http://www.city-data.com/forum/politics-other-controversies/1095996-first-stage-fascism-should-more-appropriately.html#ixzz2OwBSqed4
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Thursday, March 28, 2013
Michele Bachmann ingredient disclosure
Not recommended for human consumption.
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Tuesday, March 26, 2013
FL Dems Call For an End to FL GOP's 'Lip Service' on Elections Reform
Tallahassee, FL – The Florida Democratic Party today released a new web video video calling for Gov. Rick Scott and the Florida GOP to support substantive elections reform in the wake of the disastrous 2012 elections.
"Gov. Rick Scott and the Republican-led legislature don’t seem to remember the long lines last election or that more than 200,000 Floridians were deterred from the polls because of the voter suppression law they passed," said FL Dems Executive Director Scott Arceneaux. "Florida's 2012 election debacle was an embarrassment for our state and was caused by the very party who is now offering nothing more than lip service to Florida voters. It's time for real reforms and to undo the damage done by Florida Republicans. It's time to let the people vote."
Before the start of the 2013 legislative session Senate Democrats outlined seven commonsense steps to smart elections reform. Democrats called for measures ending long lines, ensuring short summaries on ballots, providing greater flexibility in choosing early voting sites, and making 14 days of early voting mandatory.
Earlier this week the Senate Ethics and Elections Committee passed SB600 over unanimous opposition by Senate Democrats. The bill, and its House counterpart HB7013, fails to include any of the commonsense steps outlined by Senate Democrats including returning to a mandatory 14 day early voting period.
"Gov. Rick Scott and the Republican-led legislature don’t seem to remember the long lines last election or that more than 200,000 Floridians were deterred from the polls because of the voter suppression law they passed," said FL Dems Executive Director Scott Arceneaux. "Florida's 2012 election debacle was an embarrassment for our state and was caused by the very party who is now offering nothing more than lip service to Florida voters. It's time for real reforms and to undo the damage done by Florida Republicans. It's time to let the people vote."
Before the start of the 2013 legislative session Senate Democrats outlined seven commonsense steps to smart elections reform. Democrats called for measures ending long lines, ensuring short summaries on ballots, providing greater flexibility in choosing early voting sites, and making 14 days of early voting mandatory.
Earlier this week the Senate Ethics and Elections Committee passed SB600 over unanimous opposition by Senate Democrats. The bill, and its House counterpart HB7013, fails to include any of the commonsense steps outlined by Senate Democrats including returning to a mandatory 14 day early voting period.
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Yet the Democrats still often win
It takes a coalition of women, workers, students, and minorities to beat this 800 lb. gorilla.
Organize, mobilize and win!
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Organize, mobilize and win!
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America lacks political alternatives because we do not have a true two party system
The American political spectrum has no alternatives on the left. We have centrist Democrats with the progressives being on the left side of liberal middle, the Blue Dog centrist Democrats; and the Yellow Dog Democrats on the liberal right.
in fact, the Democratic Leadership Council (DLC) was founded to move the Democrat Party to the right, rejecting liberal and progressive thinking. Rightardia will never contribute to the DLC for that reason. The Yellow Dogs Democrats, who cooperated with GW Bush, are also now gone, too.
Good riddance.
On the Republican side you have the Establishment Conservative Republicans. Many used to be moderates. People like Colin Powell and David Frum come to mind.
Then there are the Tea Partiers, the ditto heads and the militia wing nuts. Most of them seem to be plain old fascists.
Nate Silver breaks out the GOP in this manner:
Rightardia considers the moderate and reformers to be part of the Establishment Republicans that the reactionary Club for Growth has purged form he party. The establishment Republicans represent the top 10 per cent of American families: the one per cent and another 9 per cent called the elite. This group runs the GOP.
The Establishment Republicans are very different for the Republican emotives or GOP emos that include the Evangelicals , the libertarians and the Tea Party. Most of these people are politically naive. They know something is wrong in the US, but don't get that the GOP has been causing most of the problems with the economic crises it manufactures every 25 years or so.
The religious conservatives, right wing libertarians and Tea Party are he useful idiots of the GOP.
If you think this dichotomy is not known in the GOP think again. This slide was recovered in a hotel room after an RNC convention when Micheal Steele was the RNC chair.
The libertarian movement is in flux with a supposed left and a right. A test called the Political Compass classifies libertarianism with both a left side and right side.
Rightardia believes the model the Political Compass uses is flawed because it confuses liberals with libertarians. Libertarians like Rand Paul fit in the far right fascist camp. Most of the 'left wing" libertarians that Rightardia has met on the the FB page, the Open Mind, are more like moderate reformer Republicans.
Rightardia suspects many of these libertarians are emerging liberals, but just don't know it yet. Many people in the Occupy movement consider themselves libertarians, but they are hardly Rand Paul supporters,
So where is this going? Because we have a truncated political spectrum in the US, we have centrist liberals that are represented by the Democratic Party and an association of conservatives and fascists that make up the GOP.
Americans do not have real political alternatives that other nations offer because there is no coherent left in the US.
We have the centrist Democrats and and an increasingly right wing Republican party that reflect the values of the 1 per cent and the economic elite. In the other industrial nations of the world, unions are accepted and there are no right to work laws. Politicians don't try to cut senior care programs either. You only see this right wing political blather mainly in the US.
Chris Mathews recently said this on Hardball:
We need a reasonable two-party system.
Republican ideologues who are advocating returning to ideas that have failed America. Unless the GOP returns to the center and offers some new political alternatives, we will have one party Democratic rule in this country for a long time.
sources:
http://rightardia.blogspot.com/2010/03/politico-exclusive-rnc-document-mocks.html
http://rightardia.blogspot.com/2011/07/differences-between-county-club.html
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in fact, the Democratic Leadership Council (DLC) was founded to move the Democrat Party to the right, rejecting liberal and progressive thinking. Rightardia will never contribute to the DLC for that reason. The Yellow Dogs Democrats, who cooperated with GW Bush, are also now gone, too.
Good riddance.
On the Republican side you have the Establishment Conservative Republicans. Many used to be moderates. People like Colin Powell and David Frum come to mind.
Then there are the Tea Partiers, the ditto heads and the militia wing nuts. Most of them seem to be plain old fascists.
Nate Silver breaks out the GOP in this manner:
Rightardia considers the moderate and reformers to be part of the Establishment Republicans that the reactionary Club for Growth has purged form he party. The establishment Republicans represent the top 10 per cent of American families: the one per cent and another 9 per cent called the elite. This group runs the GOP.
The Establishment Republicans are very different for the Republican emotives or GOP emos that include the Evangelicals , the libertarians and the Tea Party. Most of these people are politically naive. They know something is wrong in the US, but don't get that the GOP has been causing most of the problems with the economic crises it manufactures every 25 years or so.
The religious conservatives, right wing libertarians and Tea Party are he useful idiots of the GOP.
If you think this dichotomy is not known in the GOP think again. This slide was recovered in a hotel room after an RNC convention when Micheal Steele was the RNC chair.
The libertarian movement is in flux with a supposed left and a right. A test called the Political Compass classifies libertarianism with both a left side and right side.
Rightardia believes the model the Political Compass uses is flawed because it confuses liberals with libertarians. Libertarians like Rand Paul fit in the far right fascist camp. Most of the 'left wing" libertarians that Rightardia has met on the the FB page, the Open Mind, are more like moderate reformer Republicans.
Rightardia suspects many of these libertarians are emerging liberals, but just don't know it yet. Many people in the Occupy movement consider themselves libertarians, but they are hardly Rand Paul supporters,
So where is this going? Because we have a truncated political spectrum in the US, we have centrist liberals that are represented by the Democratic Party and an association of conservatives and fascists that make up the GOP.
Americans do not have real political alternatives that other nations offer because there is no coherent left in the US.
We have the centrist Democrats and and an increasingly right wing Republican party that reflect the values of the 1 per cent and the economic elite. In the other industrial nations of the world, unions are accepted and there are no right to work laws. Politicians don't try to cut senior care programs either. You only see this right wing political blather mainly in the US.
Chris Mathews recently said this on Hardball:
We need a reasonable two-party system.
Republican ideologues who are advocating returning to ideas that have failed America. Unless the GOP returns to the center and offers some new political alternatives, we will have one party Democratic rule in this country for a long time.
sources:
http://rightardia.blogspot.com/2010/03/politico-exclusive-rnc-document-mocks.html
http://rightardia.blogspot.com/2011/07/differences-between-county-club.html
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Permissions beyond the scope of this license may be available at rightardia@gmail.com.
Sunday, March 24, 2013
Mad R'yan in Blunderdome
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Thursday, March 21, 2013
Inside The Actors Studio Host James Lipton Interviews Tina Fey… As Sarah Palin
See http://www.mediaite.com/tv/watch-inside-the-actors-studio-host-james-lipton-interviews-tina-fey-as-sarah-palin/
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Wednesday, March 20, 2013
RN: Inca Gold on Dispaly
Inca Gold on Display in Moscow
09:15 20/03/2013 The first exhibition of Inca gold in 30 years has opened at the Pushkin State Museum of Fine Arts.>>
It is amazing any of this gold is still around. The Spanish melted most of the Inca gold down and shipped it back to Spain.
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Sunday, March 17, 2013
WMR: U.S., Soros may pump $100 million into Capriles campaign in Venezuela
March 14-15, 2013 -- U.S., Soros may pump $100 million into Capriles campaign in Venezuela
March 14-15, 2013
Although they know they have an uphill climb in defeating Venezuelan acting President and Hugo Chavez's hand-picked successor Nicolas Maduro, Western governments, banks, and corporations may pump as much as $80-$100 million in support of Venezuelan opposition leader and Governor of Miranda state Henrique Capriles Radonski's presidential campaign. Venezuela's presidential election in slated for April 14.Capriles is a darling of the George Soros Open Society Institute and U.S. National Endowment for Democracy (NED), the latter an operating element of the CIA-linked U.SA. Agency for International Development (USAID).
For years, NED, through the U.S. Republican party's International Republican Institute and Democratic Party's National Democratic Institute, has filled the coffers of Capriles's Primero Justicia (First Justice) movement, as well as COPEI, a Christian Democratic party supported by German Chancellor Angela Merkel's friends at the Konrad Adenauer Foundation, and Un Nuevo Tiempo (A New Era). The latter is a "social democratic" party centered in Zulia state, the main oil-producing region of Venezuela.
Although the party is a contrivance of the CIA and Western oil companies, it was admitted as a member of Socialist International, itself a cipher for corporate interests. Support for the Venezuelan opposition has also poured in from the right-wing governments of Spain and Canada.
It is too early to tell whether the election of Pope Francis I, the Argentine Jesuit archbishop of Buenos Aires, will affect Vatican and other Catholic Church support for the anti-government opposition students' movement centered at the Catholic University of Andres Bello (UCAB) with its campuses in Caracas, Los Teques, Guayana, and Coro. It is important to note that UCAB is a Jesuit university.
USAID interlocutors working for Development Alternatives, Inc. (DAI), a CIA firm that once employed President Obama's mother in her CIA field work in Indonesia and, more recently, Alan Gross's anti-Castro work in Cuba with Cuban Jewish dissidents, are very active with the anti-Maduro forces in Venezuela.
Recently, two U.S. air attaches at the U.S. embassy in Caracas were expelled for trying to drum up support for an anti-government coup during the transition brought about by the death of Chavez.
Meanwhile, the non-profit Democracy Corps run by the political consulting firm of Greenberg Quinlan Rosner and Democratic Party strategist James Carville is making full use of social networking technology, a strategy financially backed by Soros's OSI and related NGOs, to hype Capriles as a natural successor to Chavez.
A recent study by the Democracy Corps states: "Even though Maduro accused the opposition of plotting to generate instability in Venezuela, the truth is that opposition leader Hnerique Caoriles Radonski did more to promote peace among twitter users than Maduro.
After Capriles Radonski publicly expressed his condolences to Chavez's family and called for peace and unity, twitter users were more likely to use the word "peace" on their posts than after Maduro's announcement."
Western media has also stressed that Capriles is the grandson of Polish Jewish holocaust survivors and that Venezuela's very wealthy Jewish community somehow feels "threatened" by Venezuela's non-aligned foreign policy and relations with Iran, Palestine, and Syria.
Populist movements in Latin America have always been anathema to certain U.S. moneyed interests. Rockefeller family operative Henry Kissinger, in speaking of the Nixon administration's desires to block Socialist party leader Salvador Allende from becoming president of Chile, said in 1970: "I don't see why we need to stand by and watch a country go communist due to the irresponsibility of its own people."
Ever since, the CIA and USAID, through Soros-funded NGOs, DAI, NED, and the right wing Freedom House, has grossly interfered in Western Hemisphere elections. NED, established in 1984 by right-wingers in the Ronald Reagan administration, saw Allen Weinstein as its first acting president.
Weinstein went on the head the Center for Democracy [merged with the International Foundation for Electoral Systems in 2003], funded by NED, and he was a founding member of the neo-conservative U.S. Institute of Peace, the Washington DC headquarters of which was designed by an Israeli architect.
In a controversial move, Weinstein was appointed by the George W. Bush administration as Chief Archivist of the United States, the perfect position from which to direct the exemption from public release and destruction of thousands of files on the roles of Nixon, Ford, Reagan, and GHW Bush administration officials in CIA coups against foreign leaders and foreign election interference. Weinstein resigned as Chief Archivist in 2008.
The pro-Israeli Weinstein was succeeded as acting chief of NED by permanent NED president Carl Gershman in 1984, who has remained in the job ever since. Gershman fills the description of so many neo-conservatives. He was a Trotskyite socialist activist who became a supporter of American imperial designs on the rest of thee world through overt domestic interference in the affairs of other nations.
Even as a socialist, Gershman called for Cuba's Fidel Castro to cease his support for leftist guerrilla movements around the world. He now champions independence for Tibet and is closely aligned with the goals of Soros. Gershman steered NED funding to the coup plotters who temporarily ousted Chavez in a 2002 coup d'etat. He is now directing NED funding to the Capriles campaign.
No sooner had Gershman taken over the reins at NED, the organization began steering funds into the campaign of Panamanian presidential candidate Nicolas Barletta, who was supported by General Manuel Noriega's National Guard and the CIA.
At the time, Panama was a key nexus in the drug and weapons smuggling activities of the CIA, Oliver North, and Colombian drug cartels in support of the Nicaraguan contras in their war against the Sandinista government of Nicaragua.
Barletta won narrowly won election but the vote tally was challenged by his opponent Arnulfo Arias, the octogenarian former president. It was later suspected that the CIA hacked into the central vote tallying computer and altered the results, the first time an election had been altered through external computer tampering.
Weinstein's and Gershman's NEC pronounced the election fair and Washington quickly recognized the Barletta administration.
Meanwhile, government critic Hugo Spadafora, an Italian national and former guerrilla who fought in Guinea-Bissau, announced that he had evidence linking Noriega and, by default, his man Barletta, to drug and weapons smuggling. While Barletta was in new York City being lauded by Gershman and his friends,
Spadafora's headless body was discovered near the Costa Rican-Panamanian border. HIs head had been sawed off with a butcher's knife and was never found. In 1985, Barletta was forced to resign.
NED later supported conservative groups with names like Via Civica (Civic Way) in Nicaraguan elections. The words "civil society" or "civic way" now denote the groups supported by Soros and associated CIA-linked NGOs.
However, NED is much more effective using private firms like DAI, Delphi International Group, and other Washington, DC private firms that are nothing more than brass plate operations of the CIA.
The NED always "gets its man" -- whether its Hugo Chavez with cancer or Hugo Spadafora with a butcher's knife to the neck.
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Saturday, March 16, 2013
Meet the new pope
In the 1960s Cardinal Bergoglio would have been called a male chauvinist pig.
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Tuesday, March 12, 2013
The rise and fall of US conservatism
Many Republicans believe a conservative revolution started in the 1980s with the election of Ronald Reagan. the conservative revolution ended in 2008 when the Us entered the Great Recession due to the failures of the GW Bush "ownership society."
The rise of the Republican party followed the passage of the Voting rights Acts in the mid-sixties. These acts ended some of the worst Jim Crow practices in the South that were used to disenfranchise African-American voters. However, these Voting Rights Acts incurred a heavy political penalty.The Democratic Party lost its Dixiecrat wing. Many former southern Democrats left the Democratic party. Others did not run for reelection.
The breakdown of this Democratic coalition let to the resurgence of the GOP in the 1980s. The old coalition of Northern liberal and Southern conservative Democrats was gone. This had kept Republicans in check since the Great Depression.
Ronald Reagan was an odd duck president. He had been a Democrat and leader of the Screen Actors Guild. However, unlike other wealthy men who made fortunes form the ownership of stocks and bonds, Reagan lived of residuals he had made from movies.
Reagan considered the income tax rate too high and cut the rate form top earners form 70 per cent to 28 per cent. This draconian cut was one of the major causes of the huge deficit Reagan left after his second term. Reagan also had to raise taxes 8 times after he made the change to the tax table, but still could not balance the budget.
Newt Gingrich led the charge in 1999 with the1999 Gramm–Leach–Bliley Act to repeal the Glass-Stegall act of the 1930. That act had created a firewall between the commercial banks and investment firms and Senator Byron Dorgan predicted the US would suffer a financial collapse in about 10-years after the repeal of Glass-Stegall. He was right on the money.
The Great Recession latest manufactured crises that Obama referred to in a recent speech. This crises occurred because of deregulation and high risk mortgage loans that banks were making.
The collapse was also brought on by the Bush Ownership Society which encouraged banks to make high risk loans so more people could own homes. After the collapse, fewer people owned homes in the US than ever.
SEC chair Hank Paulsen also helped fuel the recession by drastically changing the reserve requirement for the five largest US banks that were making home loans. When the market crashed.the bank resolves were quickly used up. The big commercial banks came out smelling like a rose because the payout of the limited reserves had little effect on the bottom line.
Now the GOP will try to tell you that Fannie Mae and Freddy Mac cause the crash. According to Wikipedia, nether organization was a causal factor. Both organizations, did, however worsen the aftermath of the crash.
Was their a GOP revolution in the 1980s? What really happened was the the Democratic Party was weakened by of the Voting Rights Act which fragmented the Democratic Party for 25 years. The Repblicans took advanatege of this power vacuum.
Of interest, the voting Rights Act is being challenged in the Supreme Court and court decision should be published soon.
The Democratic Party is now back, but a lot of work needs to be done to undo the damage the GOP had done to this nation since the 1980s.
sources: http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act
http://rightardia.blogspot.ca/2010/08/huffington-post-11-books-predicting.html
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The rise of the Republican party followed the passage of the Voting rights Acts in the mid-sixties. These acts ended some of the worst Jim Crow practices in the South that were used to disenfranchise African-American voters. However, these Voting Rights Acts incurred a heavy political penalty.The Democratic Party lost its Dixiecrat wing. Many former southern Democrats left the Democratic party. Others did not run for reelection.
The breakdown of this Democratic coalition let to the resurgence of the GOP in the 1980s. The old coalition of Northern liberal and Southern conservative Democrats was gone. This had kept Republicans in check since the Great Depression.
Ronald Reagan was an odd duck president. He had been a Democrat and leader of the Screen Actors Guild. However, unlike other wealthy men who made fortunes form the ownership of stocks and bonds, Reagan lived of residuals he had made from movies.
Reagan considered the income tax rate too high and cut the rate form top earners form 70 per cent to 28 per cent. This draconian cut was one of the major causes of the huge deficit Reagan left after his second term. Reagan also had to raise taxes 8 times after he made the change to the tax table, but still could not balance the budget.
Newt Gingrich led the charge in 1999 with the1999 Gramm–Leach–Bliley Act to repeal the Glass-Stegall act of the 1930. That act had created a firewall between the commercial banks and investment firms and Senator Byron Dorgan predicted the US would suffer a financial collapse in about 10-years after the repeal of Glass-Stegall. He was right on the money.
The Great Recession latest manufactured crises that Obama referred to in a recent speech. This crises occurred because of deregulation and high risk mortgage loans that banks were making.
The collapse was also brought on by the Bush Ownership Society which encouraged banks to make high risk loans so more people could own homes. After the collapse, fewer people owned homes in the US than ever.
SEC chair Hank Paulsen also helped fuel the recession by drastically changing the reserve requirement for the five largest US banks that were making home loans. When the market crashed.the bank resolves were quickly used up. The big commercial banks came out smelling like a rose because the payout of the limited reserves had little effect on the bottom line.
Now the GOP will try to tell you that Fannie Mae and Freddy Mac cause the crash. According to Wikipedia, nether organization was a causal factor. Both organizations, did, however worsen the aftermath of the crash.
Was their a GOP revolution in the 1980s? What really happened was the the Democratic Party was weakened by of the Voting Rights Act which fragmented the Democratic Party for 25 years. The Repblicans took advanatege of this power vacuum.
Of interest, the voting Rights Act is being challenged in the Supreme Court and court decision should be published soon.
The Democratic Party is now back, but a lot of work needs to be done to undo the damage the GOP had done to this nation since the 1980s.
sources: http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act
http://rightardia.blogspot.ca/2010/08/huffington-post-11-books-predicting.html
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Permissions beyond the scope of this license may be available at rightardia@gmail.com.
War has never been good for the economy
Especially the two unfunded wars Bush and Cheney foisted on this country.
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Monday, March 11, 2013
Bring it on, Jebulon!
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There's no Bush baggage atop Bull Shit mountain
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Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.
Permissions beyond the scope of this license may be available at rightardia@gmail.com.
"The Rant" by Tom Degan: Here Comes Jebbie
"My guess is that history is going to be kind to my brother." --Jeb Bush
"If this little statement made yesterday doesn't raise serious alarm bells nothing will. The undeniable fact of the matter is that history will not be kind to his brother."
"The Rant" by Tom Degan: Here Comes Jebbie:
Rightardia doubts that Jeb will have much of a chance of getting the GOP nomination. A Jebulon Bush nomination would activate the Democratic Party.
No only "no," but "hell no!"
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Friday, March 8, 2013
It's International Woman's Day.
The union view of International Woman's Day
We are all here on this planet because of women.
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Fool me again
"There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again." —Nashville, Tenn., Sept. 17, 2002--GW Bush
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Is anyone named Bush electable as president?
Both Bush presidents were failures. Does America need to take another hosing form a Bush?
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