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Archive for Wednesday, October 31, 2012

Letter: Complex issues

October 31, 2012

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To the editor:

Over the past several decades the multinational corporations in America, often with the blessings of the government, have formed complex relationships, closed down American businesses and moved jobs out of this country to foreign countries to exploit much cheaper labor, and have even convinced the American government to wage wars on their behalf.

They want a world where there are only two classes: the super-rich and the poor. Beware of the new world order. Their greatest weapon is infecting governments with corruption. Campaign finance reform must be enacted, or the new world order will turn us all into low-wage slaves. So when you vote here in America, beware of the American multi-industrial corporation complexes, some of which are:

• Coal, oil, and utility energy industrial complex

• Military industrial complex

• Media and telecommunications complex

• Wall Street and financial complex

• Corporate farm and ranch complex

• Manufacturing-industrial complex

• Sports and entertainment complex

These are just a few of the complexes making up the portfolio of the super-rich (the 1 percent). These are intertwined with and represent the many instruments that the rich use to stay in power, and to control the American government and the individual state governments, and thereby we-the-people. The super-rich at the top thrive on subverting the American way of government and have little or no regard for the rest of the American people. Let’s keep the U.S. Constitution close to our hearts when we vote.

Comments

Flap Doodle 1 year, 9 months ago

Shiny side out. Avoid the chemtrails. Beware the reptoids.

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hpc 1 year, 9 months ago

If you vote in Kansas your vote for President will go automatically to the Republican candidate no matter who you actually WANT to vote for - so you're not throwing away your vote; feel free to vote for anybody but Obama and Romney because your vote will ultimately go to Romney via the electoral college so your own vote doesn't mean anything anyway. Perhaps if votes for third parties outnumbered those for the Big Two it would send a message that the electoral college is anti-democratic and everyone's vote SHOULD count - it's the only form of protest left for voters.

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Armstrong 1 year, 9 months ago

The super-rich at the top thrive on subverting the American way of government and have little or no regard for the rest of the American people.

Thanks for the morning laugh Les, but the liberal " view " of reality is ALWAYS a joke. Good luck in your quest to " keep the constitution close to you hearts". Remember Vote Nov 7 !!!

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Liberty275 1 year, 9 months ago

When you have the money, you can spend it as you please. You should nose out of other people's business unless you know of illegal activity, which you should report to the appropriate authority.

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gl0ck0wn3r 1 year, 9 months ago

"They want a world where there are only two classes: the super-rich and the poor." - this doesn't even make basic logical sense.

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Flap Doodle 1 year, 9 months ago

It's a talking point. It doesn't have to make sense.

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Satirical 1 year, 9 months ago

I am with you Les....

How dare people try to be successful!!! Everyone knows that wealth is a zero sum game. One person getting richer means someone else will get poorer. Wealth isn't just created. Poor people create jobs, not rich people. Demand side economics will solve everything!

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Leslie Swearingen 1 year, 9 months ago

There was a time in Europe that there was only the wealthy and the poor, that was before the middle class was thought of. True, however that the knights who relied on the peasants for food and whatnot, were expected to go out and kill and be killed to save the lives of the peasants who were holed up in the castle. Which is one reason they are so huge, there was a huge courtyard beyond the gates where the peasants fled to in times of trouble such as foreign invasion. I doubt if society is going to return to that. For one thing, Romney is definitely not going to be letting any peasants though his gates no matter what. Hey, the overflow could sleep in the car elevator!

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just_another_bozo_on_this_bus 1 year, 9 months ago

Bill Moyers: The Plutocracy Will Go to Extremes to Keep the 1% in Control

Moyers, Matt Taibbi and Chrystia Freeland explain how the plutocrats have willfully confused their self-interest with America’s interest.

http://www.alternet.org/economy/bill-moyers-plutocracy-will-go-extremes-keep-1-control

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George Lippencott 1 year, 9 months ago

Nice list. So that it is not one-sided we might want to add

Educational Industry Complex

Social Services Industry Complex

Entertainment Industry Complex

Organized Unions Complex

Government Employees Complex

Auto Industry Complex

Grant Awarding and Execution Complex

More.

This balances your list to include those on the left who want preferential treatment for their pet interests and who corrupt the system just as actively as those you listed. There is an article elsewhere today noting that the NEA has a PAC almost as financially healthy as the Chamber here in Kansas.

Solution: Accept it or get serious and start term limits and an aggressive press that reports all of the money that ends up as somebody’s pork (business or social services) otherwise log rolling will continue as long as the federal government has so much power.

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Crazy_Larry 1 year, 9 months ago

The Entertainment Industry is listed by Les (see sports and entertainment complex). The prison industrial complex was not listed anywhere...I suppose it could all fall under Government Employees (fire, teachers, police, prisons, probation, judges, social services, grants, etc.). The biggest problem with society is people.

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Richard Heckler 1 year, 9 months ago

--- It is not union wages driving USA jobs and industry to other countries. It is the obscene high profits behind such greedy USA white collar investors such as Romney and Bain since the 1980"s.

--- Romney Receives Tax Rewards and big rewards for Killing USA Jobs = 170 jobs from one company

--- While the workers and the town may suffer, Romney himself has done well as a result of Bain's work with the company. According to his recently released 2011 tax returns, Romney transferred $701,703 worth of Sensata stock to the Tyler Charitable Foundation, a 501(c)3 tax-exempt nonprofit controlled by Romney.

--- Moving the stock to his nonprofit brings Romney twin benefits. First, he gets to deduct the full value of the stock. At a 35 percent tax rate, that's nearly a $250,000 benefit. At 15 percent, it's just over $100,000.

--- Second, Romney is able to avoid paying capital gains taxes on the stock price increase. Romney's returns list no cost for the stock, and indicate he obtained them as part of a partnership interest in Bain. Avoiding capital gains taxes on the full increase would save an additional $100,000. In 2010, Romney gifted $170,000 worth of Sensata stock to his charity, saving $25,000 in capital gains taxes that year.

--- Cheryl Randecker, a Sensata worker facing an imminent layoff, said, "I could pay off my house with that [$25,000], and he doesn't need it anyway."

--- Randecker received her 60-day layoff notice shortly after Labor Day. She and other Sensata employees have tried in vain to pressure Romney and Bain to keep their jobs in the U.S., going so far as to create a "Bainport" encampment across the street from their plant in Freeport, Ill. Billed as the "home of the Romney economy," the site highlights what some Sensata workers describe as corporate greed squeezing the middle class.

--- http://www.huffingtonpost.com/

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Richard Heckler 1 year, 9 months ago

--- "Mitt Romney Made Millions from the Rescue of Detroit" as 25,000 GM jobs went to China

--- " Investigative reports reveal how Republican presidential nominee Mitt Romney made some $15 million on the auto bailout and that three of Romney’s top donors made more than $4 billion for their hedge funds from the bailout.

--- As part of a massive government bailout, U.S. taxpayers paid $12 billion to save auto parts maker Delphi Corporation. Out of that taxpayer money, three billionaires and their partners took in a profit of over $4 billion. One big winner, with a profit of over 4,000 percent, were the billionaires’ silent partners, Ann and Mitt Romney. The Romneys made at least $15 million, and as much as $115 million.

--- Our investigation began in Africa in the Congo. This is Greg Palast reporting. We are hunting for a vulture, a so-called vulture fund financier, this man, Paul Singer. Singer’s vulture fund seized $90 million out of foreign aid given the Congo, which could have been used to end a cholera epidemic. Singer’s vulture tactics are now outlawed in England and all over the world, but not in the U.S.A., certainly not here in Detroit, where we found Singer’s vulture fund feasting on the corpse of another victim, the once-world-leading Delco auto parts division of General Motors.

--- DELCO AD: Power that can’t get old before it’s sold. Delco dry charge battery, made by the Delco-Remy Division of General Motors.

--- So far, Romney and partners have pocketed over $4 billion. Then the billionaires gave Romney a million dollars each for the Republican campaigns. Nevertheless, Romney accused Obama of conflicts.

--- Documents reveal that a government bailout check was in fact cashed by none other than Ann Romney. It says that Ann Romney had a hunk of Mitt’s vast fortune in Elliott Management, Paul Elliott Singer’s vulture fund. Working our way between the limousines in front of his office, we wanted to ask Mr. Singer about his special financial deal with the Romneys. But he turned us down. The Romney campaign refuses to tell us exactly how much they made from the bailout, nor reveal their 2009 taxes.

--- ANN ROMNEY: We’ve given all you people need to know and understand about our financial situation and about how we live our life.

--- To cover up their payday and avoid taxes, the vulture funds have moved the headquarters of Delphi from Michigan to Jersey—not New Jersey, but the Isle of Jersey off the coast of France, a notorious tax haven.

--- Governor Romney wrote, "Let Detroit go bankrupt." And it did. Of the 25,000 UAW members at Delphi, every single one lost their job. Delphi once had 29 factories in the U.S., now just one. Today, GM still gets its parts from Delphi, shipped from the plants that the Romney hedge funds have moved to the People’s Republic of China.

-- Continued and is juicy.

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Richard Heckler 1 year, 9 months ago

More on the leveraged buyout high profit ventures that fueled loss of USA industry and jobs.

http://www.democracynow.org/2012/10/18/greg_palast_mitt_romneys_bailout_bonanza

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