Dirty Money Pays for Indiana Gov Mitch Daniels to Tell Anti-American Lies About American Workers

Dirty Money Pays for Indiana Gov Mitch Daniels to Tell Anti-American Lies About American Workers

Indiana Republicans aren't just pushing an anti-union law through the state legislature at warp speed, they're running an ad campaign featuring Gov. Mitch Daniels to try to persuade the public that this is the right move.

    The ads are funded by a shadowy group that calls itself the Indiana Opportunity Fund. Public records show the group has spent $600,000 on the “right to work” for less propaganda. But, the group—founded by Republican party activist Jim Bopp—is not required to divulge the source of the cash and Daniels has ignored requests from Hoosier working families, the media and others to disclose whose deep pockets he is dipping into for the advertisements.

It's not just the source of the funding that's a mystery. In the ads, Daniels makes the unsubstantiated claim that "The good is when Indiana gets a chance to compete for new jobs, we're winning two-thirds of the time. But we get cut out of a third of all deals because we don't provide workers the protection known as right to work." Where does that one third figure come from? No one knows, and Daniels isn't telling. One Indiana newspaper editorializes:

    Mr. Daniels, you've mentioned that one-third figure several times. And Mr. Bosma, that same logic made right-to-work legislation the Indiana House GOP's top agenda item - one that promises to consume just about every ounce of political capital available at the Statehouse this session.

    We ask: What businesses ignored us because Indiana isn't a right-to-work state? And where did those businesses land during this recession? We'd like to get them to tell Hoosiers their side.

    Right now, the arguments for right to work are held up as if on clouds. Have faith, Hoosiers; Indiana will be better off as a right-to-work state.

This is the foundational claim of Republican attempts to sell RTW as good for workers, yet they have offered absolutely no evidence to back it up. They've offered tortured, misleading statistics suggesting that RTW states do better economically, but they can't even gin up that level of false evidence about a third of companies not wanting to move to Indiana because of its labor laws. But $600,000 of advertising is a nice big platform for a lie.

We've all heard the same conservative propaganda before. Some how, through magic or wishful thinking, America will be better off if corporations have all the power they want and employees have no rights. American workers should be quiet little wage slaves and be thankful to their corporate masters for being nice enough to let them work. Where do corporate profits come from? The work done by American workers who make the products and provide the services that make the corporate elite wealthy. Conservatism tries to convince everyone that only the corporate lite creates capital - one of the biggest lies ever told about how economics works..

Remember when Mitt Romney attacked 'free enterprise'? Why do conservative have so much contempt for America that they tell the most obvious lies and create such a bizarre version of reality. They truly believe America is a nation of idiots.

None of the 2012 Republican Presidential Candidates Are Serious About Deficit Reduction or Stopping Redistribution of Wealth to the Wealthy

None of the 2012 Republican Presidential Candidates Are Serious About Deficit Reduction or Stopping Redistribution of Wealth to the Wealthy

The 2012 Republican candidates are largely in lockstep when it comes to economic policy, wanting to give huge tax cuts to the rich and corporations while doing next to nothing to boost consumer demand or help the middle class and the unemployed who have been battered by the Great Recession. In fact, according to an analysis by Citizens for Tax Justice, the average tax cuts received by the richest 1 percent of Americans under the Republican plans would be 270 times as large as the cut received by the middle class:

    The share of tax cuts going to the richest one percent of Americans under these plans would range from over a third to almost half. The average tax cuts received by the richest one percent would be up to 270 times as large as the average tax cut received by middle-income Americans.

Perry wins the award with a tax cut for the richest 1 percent that is 270 times larger than his middle class tax cut, while Gingrich’s is 190 times larger. Santorum and Romney pull up the rear with tax cuts for the rich that are 100 times larger than the cuts for the middle class, while CTJ did not analyze Jon Huntsman or Ron Paul’s plans. (CTJ uses a current law baseline, rather than a current policy baseline, to calculate its cuts. Using a current policy baseline, millions of middle class families would see a tax increase under Romney’s plan.)

CTJ also noted that “the cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade.” Therefore, “even the meager tax cuts that would go to low-income and middle-income taxpayers under these plans would almost surely be offset by the huge cuts in public services that would become necessary as a result.”

The conservative field of candidates are classic example of robbing Peter to pay Paul, or putting a little more money in one pocket of the middle-class and taking it out of the other. One of the results of progressive taxation is that a little bit of the extraordinary wealth accumulated at the top goes back to help pay for bridges, roads, medical research, firefighting equipment, public universities and so forth. All of those things and more will suffer even more budget cuts. For what? So multimillionaires and billionaires can hoard even more unearned income than they already have.

Much of the World, Including The U.S., Does Does Practice Capitalism, They Practice Greed

Much of the World, Including The U.S., Does Does Practice Capitalism, They Practice Greed

For those looking for signs of how globalization has woven the world into a web of unexpected vulnerability, 2011 offered a bumper crop.

An earthquake in Japan sent the global auto manufacturing industry into a conniption.

A flood in Thailand drastically reduced supplies of computer hard drives, forcing even a titan like Intel to swiftly reduce revenue forecasts.

State-subsidized solar panel production in China crushed a U.S.-subsidized solar start-up, thereby igniting a Washington political scandal.

It is child’s play to find further examples. The underlying reality is that unexpected consequences make everyone nervous. Sensibilities are on hair trigger. Just two weeks ago, the New York Times captured the new jitteriness in a single quote. In a story reporting how U.S. stock traders were increasingly setting their alarm clocks for the middle of the night, in order to absorb the latest news from Europe as soon as it started to break, one stock analyst, Michael Mayo, complains in a tone of bemused wonder: “Who would have thought we would have to be looking at Italian sovereign debt yields to figure out what Morgan Stanley’s stock will do?”
For those who haven’t been living and dying on every twist and turn of the European financial crisis, some unpacking of that sentence may be in order. Most modern governments routinely auction some form of state-backed bonds or other securities in order to raise cash. If the bond investors aren’t excited about the opportunity — let’s suppose, just for argument’s sake, that they’re afraid the Italian economy is about to collapse — then Italy must offer a higher interest rate, or yield, on those bonds to attract buyers. The higher the yield, the more negative the bond market’s judgment is assumed to be.

But for most of November and December, the health of Italy’s debt sales became not merely a judgment on Italy’s economic health and fiscal stability, but a swiftly translated proxy for investor sentiment about the state of all Europe. If Italy ran into real trouble, so the theory went, France and Germany would soon be swept into the vortex. And a European recession would obviously be bad news for the rest of the world. So one unsuccessful auction in Rome becomes immediate cause for bearish sentiment in New York and Tokyo and Shanghai.

And no one wants to be caught more than one nanosecond out of the loop. If the orders go out to sell or buy, you want to get there first. Since now, more than ever, bad news travels fast, everyone’s got to be quick on the trigger.

It doesn’t seem healthy, but we’re going to have to get used to it. Volatility and vulnerability are built into the infrastructure of our modern world. The jury may still out on the chaos theory question of whether a single butterfly flapping its wings in Botswana can cause a typhoon in the Philippines, but we now know without a shadow of a doubt that the relative success or failure of a troubled European government’s attempt to raise cash can send instant shock waves across financial markets across the globe.

And we know, intimately, that it doesn’t take much to set off a cascade of trouble — after the great global crash of 2008, traders everywhere are in a state of permanent PTSD. Beyond the obvious surface connections between markets — that European recession slowing U.S. economic growth — there are abundant linkages beneath the scenes that are obscure and hard to unravel, interconnections woven by complex derivatives and hedging strategies and computer-driven high-speed trading algorithms that instantly translate woe in one market to panic in another.

The inescapable conclusion: Our modern high-tech markets, in which more money than ever before swirls around the globe in a blink of an eye, are better at transmitting panic and fear than anything heretofore created by humans. If civilization is supposed to imply progress, then something has gone very awry: In the second decade of the 21st century, our infrastructure is increasingly fragile, increasingly prone to disruption. The sword of Damocles hangs above everyone’s head, and the thread that keeps it from falling is fraying perilously thin.

What is perhaps most fascinating about this state of affairs is how it has arisen as a consequence of global capital’s relentless quest for lower operating costs and greater efficiency and flexibility. The better we get at extending supply and production chains across the globe, the more vulnerable those chains become to a disruption at any given point. The faster we enable the transmission of information around the world and through the financial markets, the more volatile those markets become, as every new headline sends a different trading signal.

 If you want to fix this, guess what, according to right-wing conservatives, you're a socialist. If you want a capitalist system, a free market system that does regularly crush the middle and blue collar class, you're a stinking commie. In America we just do not have adult conversations about how to make things better because any talk of making things better, more fair, less catastrophic gets you labeled a communist. Do you hope your kids will live in a fair enlighetned societyand does not have to go through the economic insecurity you have to live with? Forget it. The powers that be have decided that greed is good. The powers that be have decided any attempt to bring back regulations like Glass–Steagall Act to protect average Americans is Marxism on wheels.