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The Cost of War

Recent Books I have Read and Recommend

  • "John Adams" by David McCollough
  • "Traitor to His Class" by H.W. Brands
  • "FDR" by Jean Edward Smith
  • "Truman" by David McCollough
  • "Thomas Jefferson Passionate Pilgrim" by Alf J. Mapp, Jr.

Tuesday, December 23, 2008

Help the Little Guy!

So what are we going to do? President Bush decided last week to give the automakers a loan; he didn't do it out of the goodness of his heart, he did it to help his legacy. Republicans do not believe in helping out the little guy, they have made this abundantly clear over the last 8 years and even longer. I mean, take a look at the Republican members of Congress who effectively stopped the loans to the automakers so they could try and bust up the auto workers union. This shows they don't care about the little guy at all. With them it's all about how much money can the big companies make and who cares if the little guy looses his job and has to beg in the streets to eat or take care of his family; they are the lowest of the low of human scum. I was listening to progressive radio yesterday and heard something interesting. It turns out, that the Japanese Auto Maker, Toyota, pays their CEO a little over 900 thousand dollars a year, while conversely the CEO of GM makes 21.9 million. Then today, I heard that CEO pay, thanks to Republicans in the 109th Congress, is now tax deductible. This may explain why CEO pay has gone up so much in the past few years, but paying anyone that much money is in my opinion immoral, especially when sometimes normal workers get laid off and the CEO is partially or fully responsible by making bad decisions. The inequality and unfairness in the past few years is unbelievable. Of course, this has happened before, there was a period in the late 19th Century when Robber Barons were making all the money and the little guy was once again left out in the cold. This period led to a depression, just as is happening now. Economic inequality can also be measured in terms of overall wealth. The imbalance in wealth is far more dramatic than the imbalance of incomes. The top 1% of the population has more than a third of the country's wealth and the top 5% own almost 60%. The already small share owned by the bottom 80% has been diminishing. We have got to change this, so that little guy's can make more money. It is a fact that the economy gets better from the bottom up, not the top down. Milton Friedman and his bad top down economic theory has been proven to be wrong and it's time to go back to a more equitable and bottom up economy.




1 comment:

Fire and only Fire said...

gud post yar.....keep posting some nice work

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