If anyone wonders to what extent the Republican Party is owned by Wall Street and to what extent Mitt Romney will continue greasing the palms of the lobbyists who both run Wall Street and The Congress and Senate in the Republican Party and to a partial degree in the Democratic Party we only need look at the contributions given to the Romney campaign as versus those given to Barack Obama. To date the contributions given to each stand at:
Romney 37.8 million
Obama 4.8 million.
So what does the banking Industry and Wall Street get in return for these contributions we ask? To begin with the Corporations get our income taxes that should be paid into our local States to hire us and keep us employed for a year. Anytime they decide to expand they get free access to the prime land that their plants will sit on, both welfare endeavors granted to Corporations only helps increase the deficits in our own individual States as these are the incentives that The Corporations are given off the top to sit up shop in our States. Both adds to the deficits in our own States and often leads to the lay offs of our teachers, police, and fire fighters along with city,county and State workers in our States, when it comes to balancing budgets by Tea Party elected governors. In short the middle class is being laid off from jobs whose unions have always guaranteed us the right to a fair days wage for an honest days work. It should matter to all of us because the wages they are paid increases the wages we are paid even though we are not a member of any Union.
Many times Corporations will move out after they are either taken over by vulture capitalist, such as Bain and Company, or they will pull up shop and send our jobs overseas once all the welfare and tax incentives run out. The list of corporate welfare granted is way too long for me to list here so I will just name the two above. What Corporations are granted by the Republicans in exchange for doing business would be more than enough to feed the World hungry many times over, much less the piddley amount given out to feed the poor in America. Even when these Corporations send jobs overseas we the middle class continue to pay for this Corporate welfare along with paying oil companies incentives and giving them free land for oil exploration.
When all these free incentives are used up, as is often the case, the corporations and oil companies leave behind empty buildings and the middle class who moved there and bought homes that ballooned in prices because of the habit of Corporations moving into rural areas where there is a housing shortage. We the middle class are left behind with homes that are far over valued and with a mortgage we cannot pay and in foreclosure.
With a Republican majority in Congress and Mitt Romney as President the banks will have even the minimum amount of regulations placed on them lifted. Instead of lending money to families to set up business, unless you are Donald Trump who operates without collateral and on paper finances, the banks will increase their ability to run the banking enterprise as a casino using our money from both credit cards as well as our investments, as a casino. The auditors and bank examiners will be watered down even more effectively so that loans will become even fewer and farther apart for the middle class.
The banks stand to gain more on rolling the dice than they do in making small business loans. If anyone saw the butt kissing going on when Jamie Dimon of Chase Bank appeared before Congress by the Republican majority and their asking for his help to gain knowledge for their own lack of governing, from the Congressman from Indiana to Johanns of Nebraska, then none of us have to ask to what extent regulations will ever be placed on banking to stop their reckless regard of spending our money. Only the Democrats on the panel questioned the 2 Billion dollar plus loss under his watch at the largest bank in the Nation while the Republicans praised him.
The Corporations get incentives from insurance companies that allow them to use shadow insurance policies that are given to employees at entry-level and middle management, where the deductibles are so high that most healthy families will never get any kind of insurance coverage, despite the fact that they pay into it, as most young families do not get sick beyond the deductible stage, when it comes to healthcare needs.
The Corporations have increased layoffs in employees when age and health needs increase with age, for the last seven years. They get by doing this by eliminating Unions and taking regulations off of them by government, thanks to those politicians such as our Republican congress and Mitt Romney, who are paid for in Congressional and Presidential elections. Those paid for by the Tea Party are one and the same as no one wants to eliminate government and regulations worse than the Tea Party.
In the past, Corporations could fire an employee who had a child who required long-term care that would cost these insurance companies something in exchange for the dollars the middle class Americans paid in. If the Obama health care program is allowed to stand they will no longer be able to do this under the law. The Republican Party has been very vocal against any and all healthcare initiatives that would favor the middle class over the Insurance Companies profits.
A Republican Administration will never make healthcare affordable to the middle class without raising deductibles and lowering benefits when it comes to the profit gains or losses to the Insurance companies whether it is healthcare for families or medicare for the elderly; For that reason alone Social Security needs to be left in the hands of government and free from the greed of Capitalism if we are to remain as a Nation that cares for our poor and elderly. God help us all if we ever stray from taking care of those who have no means of caring for themselves by turning their care over to the greed of Private Insurance and Capitalism, as advocated in the Ryan Plan.
The News Programing that tries to label itself as “fair and balanced” in their news reporting are owned by Corporations and a great deal of their revenue comes from political ads during an election year. Can we really trust these cable news shows or Networks who are supported by energy commercials disparaging the Obama Administration? Do they have any real credibility left when their so called”fair and accurate” news reporting is paid for by Wall Street and the advertisement ran by Energy companies who would put profit first by selling our natural gas, coal, and oil to Japan and China while lying to us the middle class worker?
Do we have to ask ourselves if Mitt Romney will stand on our side or on the side of the Wall Street and Banking when it comes to lifting any and all regulations on Wall Street? Do we really think he will create jobs for us that increases our wages instead of decreases the wages we earn? Do we think his business acumen is such that it will bring back the dream to the middle class? Do we think Mitt will make sure the working conditions of the miners matter more than the profits if the EPA is removed or that our children are safe with the water they drink, the air they breath ,and against reckless gun owners? Will he hire back teachers, policemen, or fire fighters to protect our children against the insanity of “the stand your ground law” and to guarantee a better education for our children? Will he protect low-interest loans to students at a lost of profit to the banks? Do we think he won’t eliminate Social Security entirely for the greed of the Private Insurance Companies, in the name of the Ryan Plan?
I have only one other question,”What is wrong with the middle class who continues to fall for these paid for by Wall Street lies that come out of the mouths of both the Conservative right and Tea Party candidates(that is 70% and climbing in the Republican Party)? Wall Street and their paid for politicians and media cannot continue rigging the system against the middle class unless we vote for them and stand back and allow our own dreams to be flushed down the drain by both the Tea Party and Conservative right who have taken over the Republican Party in our Cities,States and Washington.
Its time we the middle class wake up and vote for those who fight for us by electing those who fight for the middle class. We the middle class can no longer afford the misconception that Republicans offer jobs or care about balanced budgets or will protect our pensions or 401 k’s against Corporate looting,or our paid for healthcare will buy us the protection we have paid for. We need to face the real truth which is:” The middle class survival over the profits of the wealthy does not have any bearing or concern with the Conservatives or the Tea Party who are the majority of the Republican Party.” They will never give us a job that gives the middle class discretionary spending over the profits of Wall Street unless we do bring back stricter and stronger regulations through government.
The middle class having discretionary spending over Corporate profit is what will give us a strong and robust economy along with politicians like President Obama fighting for us, the middle class, by initiating this change back to where we were before the Bush Administration. With the co-operation of both the Congress and Senate government needs to be supported in its endeavors to protect us the middle class workers.
“When business does better we do better” is a lie and we need to accept that for the lie it is. At the same time that the profits of businesses have grown by 100% to 150% the wages of the middle class have dropped by 40% since they are denying their workers the jobs that pay better wages. Those jobs are going over seas or being parceled out at a lesser cost to the Corporations. When business does better we will continue doing worse unless we are again protected against their greed by regulations and Unions who do not allow them to use “the right to work laws”, against the worker for longer hours and less pay. Only the Unions and government can insure that the middle class will remain well and healthy. Without their vigilance against the greed of Wall Street we will lose.
Wall Street has continued getting richer through investments and tax breaks while refusing to create jobs or training personnel for the ever-changing job markets while the middle class continues to get poorer, paying for their welfare programs. The economy will only get better and the jobs return when we the middle class do better with a job and career that gives us a fair days pay for an honest days work and through affordable education. The lies have existed for too long in America and are defeating us the middle class the longer we believe these lies.
Vote against the Conservative and Tea Party backed candidates in our own Cities and States as well as Washington DC. Too many are paid for and bought by the Tea Party, Wall Street and special interests groups that have nothing to do at all with or about honest paying jobs or the concerns and welfare of the working poor or for the middle class healthcare costs.The more government and Unions they can eliminate, the more their greed can run unimpeded by the rules and regulations that protect we the middle class worker against that greed. We are helping them defeat us every time we vote Republican.
We the people need to untie the knots that the wealthy keep tying Democracy up with by rigging the system to work for them and by buying their own personal politicians. The only way we can stop this is to vote out those who are paid for to such a degree that the candidates are owned by the Conservatives, Tea Party, and Wall Street, such as Mitt Romney is, one by one in November. VOTE!