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View Diary: Proud Of My Progressive Values (79 comments)

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  •  Best wishes, Mr. Anthony! (8+ / 0-)

    I'm in Santa Cruz, CA, but you sound like the type of person I'd want representing me in Congress.  Good luck!

    The New York Times has an editorial on the bonuses about to be announced in the financial industry, which are expected to be in the vicinity of 90 billion dollars, all told!  

    90 billion dollars, why that's almost enough to cover the annual costs of insuring all Americans.  90 billion dollars to the executives of the same companies that nearly destroyed the world economy.  And that while 85,000 middle-class Americans lost their jobs just last month.  

    For a generation the fiscal policies and deregulatory tilt of the government has resulted in a massive redistribution of wealth, taking it from the middle classes and transferring it to the wealthiest few.  And when the wealthiest get in trouble as they did when their credit-default schemes nearly destroyed the economy, WE bail them out at our expense!

    Betrayal of trust is right!  

    Thinking about that earlier today, I began to wonder if there were any statistics to be had that quantified the amount of middle-class wealth that has been upwardly redistributed over the past generation?  

    If such a statistic is to be had, it would provide a nice bookend to the astronomical figures like the 90 billion-dollar bonuses and help illustrate the middle classes tenuous position more tangibly.  Just a suggestion!  

    Every generation thinks it's the end of the world. Wilco, Wilco (The Album)

    by Prismatique on Sun Jan 10, 2010 at 05:24:00 PM PST

    •  Thanks for the suggestion (8+ / 0-)

      I've been looking into the implications of Bush Administration tax policy and what I've found is very scary.  Aside from the impact to the deficit, huge amounts of wealth changed hands.  I'll post more later, but I appreciate the suggestion.

      •  My pleasure! (5+ / 0-)

        Every generation thinks it's the end of the world. Wilco, Wilco (The Album)

        by Prismatique on Sun Jan 10, 2010 at 05:50:48 PM PST

        [ Parent ]

      •  I would have to advise you to look further back (1+ / 0-)
        Recommended by:

        than the George W. Bush administration on the dismantling of regulation on business in These United States.

        You'll want to look as far back as the Nixon administration... which is, incidentally, where Donald Rumsfeld and Richard Cheney got their start onto the national stage.

        These two are at the heart of the PNAC crowd, one of whose main goals was de-regulation of business (leading to markets free of regulation or 'free markets' in the Republican vernacular).

        Best of luck on your campaign - progressives in These United States are still waiting to see the greater Democratic Party give us more than lip service on issues of importance (I'm sure you know what they are).

        •  May I add.............. (0+ / 0-)

          .......... notwithstanding, Nixon's visit to China in an age that was one of the middleclasses better ages. And our trade policy was handeled in the Congress, as the Constitution recommends.

          This was also when American corporations were amassing power to control other nations for the good of these corporations, thru the use of our military, while keeping whole nations dominated by tyrants and their populations in poverty.

          So what is your stand on our intelligence againcies assassinating Democratically elected heads of state to immediately install dictators who tow the line on trade with these international corporations?

          I mention this and ask for your 'take' on these types of policy decisions, which have full grown into what we now call Globalism. And I equate some principles now facing us with what this country fought the Revolutionary War over. (1.) A Presidency (or Monarchy) that ignores rule of law, and using (2.) the East India Company to dominate trade and the movement of money inside nations to only a wealthy few and (3.) taxation without representation. Which I equate with much of what goes on now, in that our Representatives are prey to lobby money to pay for elections and therefore beholden to companies that buy lobbys to influence legislation.

          I know this is a far ranging question and involves far more than glib or short answers to fully explore. But it forms a basic philosophy at the core of what is wrong with our nation now. And it points to some vital needs for reform and legislation at the base of how to get us back ontrack.

          And it gets to the heart of how progressive thinking affects legislation. Which you are asking to do.

          Corporate donations to elections is not free speech, it is legalized bribery.

          by socks on Sun Jan 10, 2010 at 10:12:59 PM PST

          [ Parent ]

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