The Wall Street protest, which started on September 17, 2011, had been planned for months. What started as a peaceful march onto Wall Street by 2,000+ protestors last week then morphed into a sit-in, as planned. Those passionate and dedicated in their efforts to send an important populist message to Americans, as well as to Wall Street, showed up determined and prepared. However, the protest has now been turned into a violent circus by those so good at doing such things, the American corporate media.
The Wall Street protest’s message was straightforward and could be boiled down to a calling-out of Wall Street as a symbol of corporations and the rich, who (with the help of politicians) protect themselves no matter what, while displaying a shocking lack of concern over the hardship faced by millions of regular people. One of the protestors on September 17th, there at the site, clearly stated, “You need a scorecard to keep track of all the things that corporations have done that are bad for this country,” notwithstanding the fact that American corporations hold 2 trillion dollars in cash, waiting for the next election while the country suffers massive unemployment, actions that are not merely unpatriotic, but treasonous.
But right on cue, even before the march had begun the city had closed down many sections of Wall Street near the New York Stock Exchange and Federal Hall. This undertaking wasn’t going to be made easy by the powers-that-be.
Initially our corporate media placed small news stories about the peaceful protest here and there, miniscule in breadth of coverage and misleading when they did occur. The media worked slowly but surely to portray people trying to make a difference as wild-eyed incoherents who were aimless and unorganized. As of this week, what was found reported in the media was, overall, negative, dismissive and superficial, and then – BINGO – came the arrests.
With those arrests came a sigh of relief from media offices around the nation, as the media had finally found its “hook”. They would now be committed to turning the public against the Wall Street protest, rather than ignoring it or simply talking the whole project down. Believe you me, they will not be letting go of this tantalizing overall theme any time soon, and it will work.
To understand media math, one only has to sum up that it takes 2,000 “Occupy Wall Street” participants to equal a tiny fraction of discontented Tea Party members at a townhall event. In fact, the bias of the reporting of the Wall St. protests, when compared to the Tea Party advertising campaign underwritten by the majority of the corporate media owners, should give anyone an additional clue that the media has, for years now, not been our friends, nor will they ever be. More important to note, what is reported is seldom by accident, but by design.
The Tea Party phenomenon, in stark contrast to the Wall Street protest, was brazenly built-up and slickly marketed by the corporate media itself. It’s debut starred Wall Street media figure Rick Santelli, who initiated a rant on the corporate media channel he worked for, CNBC. The rant he became famous for encouraged a protest centered around the fact that the Obama Administration had dared propose measures offering a lifeline to help ordinary citizens on Main Street, who were losing their homes due to the mortgage financial meltdown. Although some mistook the Tea Party rant as a call to protest the bank bailouts (which occurred in 2008), that was never its intent, and Santelli made that clear at time. Continue reading What The Media is Doing to the Wall St. Protest is What They are Paid to Do!
It’s a breakthrough! A Tea Party leader endorsed the same plan for corporate taxes that Obama proposed in his last State of the Union address.
Matt Kibbe, president and CEO of the . . . → Read More: Tea Party Leader Endorses Obama Corporate Tax Plan
July 28, 2011
From: Sales/Customer Service Depts.
To: Our Valued Clients (Various Locations)
Re: Temporary Policy Changes
Dear Valued Clients:
First, let us say that it continues to be our pleasure to serve you. Because of our organization’s unique position as a monopoly supplier of the services we offer, we appreciate the opportunity to meet with and provide assistance to a such a diverse clientele. Whether you are in banking, insurance, healthcare, defense, energy, or just a typical member of the Chamber of Commerce, we will always do our utmost to fulfill your needs.
Unfortunately, we must announce a temporary change in our policy which will negatively impact all of you to some degree – some more than others. Rest assured we will return to our normal procedures as soon as it becomes feasible to do so.
These interim changes are unfortunately necessary due to our bosses’ sudden realization that their debt continues to grow in spite of all appearances. They are growing increasingly worried about the impact current conditions may have on their lives and the lives of their children.
While most of you — as well as most of us — will agree that we really ‘don’t give a rat’s ass’ about our bosses, their children, their lives, and all of that drivel, they nonetheless control the collective professional fates of we, your devoted servants. And now that they are watching every move we make, we have no choice but to suspend (temporarily) certain policies that have served everyone involved well (except of course the poor bastards who pay the bills around here!) Again, rest assured that this suspension will be lifted just as soon as our bosses get the impression things are better and go back to whatever it is they’ve always done while paying no attention to any of us, or better yet realize that they too, as well your devoted staff, work for you and would have nothing if not for your patronage. Continue reading An Open Letter to Our Valued Clients
This is the budget chart you usually see. It includes Social Security and Medicare in the federal budget. It also allows the Social Security destroyers to “tsk tsk” about those nasty entitlements.
But Social Security and Medicare Part A are fully funded through payroll taxes and currently run a surplus. Why are they included in budget-cutting charts? This is the actual breakdown of federal revenue, from data at USGovernmentRevenue.com
And this is an expenditure chart you’ll rarely see, taken from data at USGovernmentSpending.com, which shows quite a different budgetary picture.
First off, you’ll notice Social Security and Medicare Part A are removed from this chart. That is because those two programs are completely self-supporting through payroll taxes, with Social Security running a surplus. There is no need to discuss either of those programs in the current budget deficit debates. Parts B & D are funded through general revenues, as much as 80%, but these programs will both see changes with the new health care law, including an increase in Part D premiums on wealthier Americans, just as Part B is now. Regardless, Part D is the most recent “entitlement” and was passed into law, almost completely unfunded, by Republicans. A very simple policy, negotiating drug prices the way the VA does, could save $15 billion per year, about 1/3 the cost of the program. Republicans say no.
What other entitlements are we looking at in the budget? What makes up that massive 16% in the top pie chart? Well, believe it or not, by and large, they’re programs that are also paid for. Unemployment Insurance revenues were $100 billion, which typically covers unemployment expenditures, although they have run short the last few years. The federal Workmen’s Compensation runs another $25 billion. Then there’s the federal Retirement Pension, of which employees contribute 7% of their salaries. I don’t think anyone could argue that veterans have contributed far and away enough to their retirement and benefits and shouldn’t be asked for one more dime or one more cut. This makes up 13% of the federal budget and quite a sizeable chunk of those “entitlements” everybody rails against. Continue reading The Budget Made Simple