Published: Thursday, July 21 2011 9:00 a.m. MDT
Utah Sen. Orrin Hatch is no stranger to the idea of a balanced budget amendment,
having sponsored six of them, and co-sponsored 17 more, through the years.Well, I guess this tells just how ineffective Sen. Hatch has
been...hmmmm, I hope change is a-commin.
You want less taxation and lower deficits. How can you succeed unless you stop
big corporations from escaping their fair share of taxes by manipulating foreign
jurisdictions against our tax laws, for example, or by letting trillions of
dollars of speculation on Wall Street go without any sales tax, while you pay
six, seven or eight percent sales tax on the necessities you buy in stores?. If
you want a return to our Constitution its principles of limited and separation
of power and its emphasis on We the People in its preamble can you still support
Washington's wars that have not been declared by Congress (Article I Section 8)
or giving corporations equal rights with humans plus special privileges and
immunities. The word corporation or company never appears in the Constitution.
How can you support eminent domain powers given by governments to corporations
over homeowners, or massive week-end bailouts by the Federal Reserve and
Treasury Department of businesses, even reckless foreign banks, without
receiving the authority and the appropriations from the Congress, as the
Constitution requires?. Can you believe in the free market and not condemn
hundreds of billions of dollars of corporate welfare-bailouts, subsidies,
Wow. I actually agree with Brother Chuck this morning. What's happening?
So, let's see what success results from Sen. Hatch's seniority that is supposed
to be so important to Utah. By success I mean bringing about huge cuts in
spending and the defeat of McConnell's plan to allow Obama to spend as he wishes
unless Congress votes 2/3rds to stop him.
On a Depression time line we aren't anywhere near 1939 yet. More like 1930,when another Utahn sponsored the Smoot-Hawley act.
The compromise plan that the so-called "Gang of Six" in the Senate is
proposing to solve the debt-ceiling crisis is a total joke that shows nothing
but contempt for the American people. America's Ten Most Corrupt Capitalists?.
Wall Street's captains of industry and top policymakers in Washington are often
the same people. A lot of them get rich by playing for both teams. Here are
the 10 most corrupt capitalists in the U.S. economy. 1. Robert Rubin, 2. Alan
Greenspan, 3. Larry Summers, 4. Phil and Wendy Gramm, 5. Jamie Dimon, 6.
Stephen Friedman, 7. Robert Steel like better-known corruptocrats Robert Rubin
and Henry Paulson, 8. Henry Paulson his time at Goldman Sachs made Henry
Paulson one of the richest men in the world, 9. Warren Buffett, 10. Goldman
Sachs, no company exemplifies the revolving door between Wall Street and
Washington more than Goldman Sachs. The four people on this list are some of the
worst offenders, but Goldman's D.C. army has includes many other top officials
in this administration and the last. White House: Joshua Bolton, chief of
staff for George W. Bush, was a Goldman man. Oh, sorry, I lefy out
Utah has Hatch, and Utah ranks 4th in foreclosures. Hatch is for
de-regualtions, and deep pockets. NOT YOU. There have now been 1,000,000
foreclosures filed so far in 2009 and the group expects the foreclosure number
to double before the end of the year. The financial crisis has unveiled a whole
new set of public villains crooked corrupt corporate capitalists who leveraged
their connections in government for their own personal profit. During the
Clinton and Bush administrations, many of these schemers were worshiped as
geniuses, heroes or icons of American progress. But today we know these
opportunists for what they are. Deregulatory hacks hellbent on making a profit
at any cost. Without further ado, here are the 10 most corrupt capitalists in
the U.S. economy. As you would expect all Ten of them are connected to the U.S.
Treasury Department and the private credit monopoly of rich and predatory
moneylenders (The Federal Reserve), that creates our money out of thin air and
makes us pay interest on it. And to no ones surprise five of them have a direct
connection to the company with a revolving door between Wall Street and
Washington Goldman Sachs.
Eccles was right!Our government has the authorization, the power and
the ability to protect the people of the United States of America from all
enemies, both foreign and domestic. The unscrupulous and uncontrolled
capitalistic program known as recession and depression is a domestic enemy of
America as great as any other. In the case of a recession or
depression the capitalists use their hoarded wealth to buy up the property and
wealth of ordinary people at bargain basement prices due to the unemployment of
workers. They will later sell that property back to the people at high prices
in the boom time, then wait for the next depression to cycle. Government of the people can dampen the effects of the capitalist cycle by
spending to create jobs during the depression and withholding during the boom.
That is if our representatives allow. We can only have representatives for the
people if we stop the business community from interfering with the government.
Ultra Bob:You have it backwards. Stop government from interfering
with private businesses. I admit there are gross abuses in some big
corporations, but the growing stack of regulations, fees, taxes, and
interference are killing small & medium businesses. It is small business
people that drive jobs and the economy. In the name of doing good, the
government is the problem!
Hatch's Debt Political Theater diverts attention while Americans' Wealth Is
Stolen. The rancorous debate over the debt belies a fundamental truth of our
economy that it is run for the few at the expense of the many, that our entire
government has been turned into a machine which takes the wealth of a mass of
Americans and accelerates it into the hands of the few. Wall Street cashes in
whether we have a default or not. Fifty percent of our discretionary spending
goes for the Pentagon. A massive transfer of wealth into the hands of a few
while the American people lack sufficient jobs, health care, housing, retirement
security. Our energy policies take the wealth from the American people and put
it into the hands of the oil companies. We could be looking at $150 a barrel for
oil in the near future. Our environmental policy takes the wealth of the people,
clean air, clean water, and puts it in the hands of the polluters. It's a
transfer of wealth, not only from the present but from future generations as our
environment is ruined. Insurance companies, take the wealth from the American
people, put-it into the-hands of-few.
What was WW2 if not a huge stimulus program? The US Government put people to
work building tanks, airplanes, jeeps and all manner of weapons. Going off the
gold standard and developing the Federal Reserve System smoothed out the
business cycles. We passed and adopted progressive measures that enhanced our
white way of life. Life was good and we left it to Beaver. Then Sputnik scared
the sense out of the capitalists and we decided to stop the domino growth effect
of communism by interfering with free elections in Vietnam. This war sowed the
seeds for the massive inflation during the early 70s. The war against inflation
led to stagflation. Then came the glorification of greed. The capitalists
boasted about the defeat of communism giving all of the credit to the
superiority of capitalism. We were #1 in all things that Communist China now
reigns supreme. We live in a world of spin, fraud and dishonesty. Our election
system has been hijacked by extremist on both sides. And the Book of Mormon has
the answers to our problems but even Mormons believe it should be relegated only
to Sunday school discussions.
I'm glad Jim up there remembered Sen. Smoot who most historians agree helped
deepen the world depression. That's a debatable point, sure, but that is the
general verdict of history. And he wasn't nearly as extreme as Chaffetz and Lee
(and Sen. Hatch trying so hard to be like those boys these days). I wish more
would stand up and be patriots and statesmen. Oh, wait! We have those six
senators who I prefer to call the Six Statesmen rather than any kind of
"gang." And one of them is Sen. Crapo (R. Idaho - and LDS to boot!) So
there still are some American heroes!Oh, and by the way. Maybe the
President is all the terrible things they say he is, but I also wonder if all
this talk about balancing budgets like families do, etc. (which isn't reality if
you count mortgages for houses, debts for cars, education, etc. - nobody
"closes out" their debts every year. Hopefully, families can remain
solvent as long as our economy and government are) could possibly be an excuse
for cutting all the parts of government they don't like and keeping the parts
that help them and their friends. Just wondering.
Still, there is much to be grateful for, Chuck and FDR fan.
ForrestMy wife has postponed seeing a doctor because of no insurance. She
finally is old enough to get medicare but so far all contacted doctors are not
taking new medicare patients. But I should be more grateful. And when I was
working some of my tax dollars may have helped pay for some of their medical
education. And I am grateful for that too? Someday you will be old too.
Where was worry over spending on Sept. 12 2001-----worst part of war is cost
(human life and bankrupting country)??????
To "FDRfan | 6:06 p.m." if war is such a great stimulus program, why
is it that Democrats are not calling for more military spending? If it worked
then, why is it that it doesn't work now?As for Medicare, do you
know why doctors are not accepting new patients? You do realize that doctors
would would go out of business if they accepted new patients, and that because
of the low medicare reimbursement rates doctors charge those with insurance
"but the growing stack of regulations, fees, taxes, and interference are
killing small & medium businesses"Ok informed voter. Here
is your chance to show how "informed" you are.Can you
please list 5 of these things that you believe are the biggest "killers of
small & medium businesses" and tell WHY they cause these problems.All are welcome to chime in.
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