In a story carried by the Times Picayune in the sports section dated June 10, first year Hawaii governor democrat Neil Abercrombie in a comment to the Pro Bowl returning to Hawaii said: Its so stupid that the cash strapped state pays millions to host the Pro Bowl when the money could be used for education. He opposes a deal the state made in 2009 to pay $4 million per game for the rights to hold the NFL's all star game in Hawaii this and next year.
He also went on to say you can't do things like give $4 million bucks to a $9 billion football industry and not give any money to children. You've got this spectacle of these multimillionaires and billionaires out there arguing about how they're going to divide it up, and then they come and ask us to bribe them with $4 million to have a scrimmage out here in paradise. We have got to get our values straight and our priorities straight.
God bless you governor Abercrombie for your comments and having the courage to speak out against a wealthy industry, wealthy ownership, wealthy players and a wealthy commissioner who are at this very moment in litigation to decide how to shower them selves with $9 billion of revenue. The first thing they should do with the $9 billion is pay back the tax payers of the states whose elected officials give these millionaire owners corporate welfare to begin with. They do not need it and do not deserve it. The states can use the money to enhance the quality of life for its people and pay for needed services.
This is one of the prime examples how corporate America has been transferring wealth to the wealthy from the middle class. In my state, Louisiana, our elected officials have been given corporate welfare to the New Orleans Saints and their owner since they have been in business. Yet republican governor Jindal and the Louisiana legislature has been running a budget deficit every year since Jindal took office. Every year the governor and legislature meet, cut millions of dollars from the budget, announce the budget is in balance and then before the budget year is over the people are told the budget is not in balance and millions more have to be cut.
I can just hear the NFL owners and players when they get together. Their conversations must go something like this: We have those stupid elected officials in our pockets. They believe every thing we say and are willing to give us every thing we want for the almighty dollar. Governor Abercrombie is more than just a cut above those elected officials who support the NFL's appetite for corporate welfare. He has values, courage and puts his state and the people's needs first. That says it all. Best of luck governor.
Note 1: Governor Abercrombie also said the NFL can ship the game back to Florida if it continues to require Hawaii to pay to keep it in the islands. Way to go Governor.
Thursday, June 16, 2011
Hopeful Republican Presidential Candidates Are Hopeless
Tim Pawlenty in a so called major economic speech on June 8 at the University of Chicago laid out his economic message he would pursue if he becomes President. Pawlenty said he proposes deep cuts in taxes and spending, whole sale revision of federal regulations and replace the tax code outright with a fairer and flatter tax. His proposal would make drastic reductions for Corporate and individual income taxes.
If the above statement sounds familiar its because it is the same economic message of George W. Bush. Tax cuts that favor business and the wealthy and leaving out the middle class. The same policy that gave the country and its people the worst economic meltdown, the worst job losses, the worst federal deficits and debt and the reason the middle class is still seeking jobs and the economy is still in a recovery mode.
Michele Bachmann, republican candidate for President said in the recent republican debate her desire to cut corporate taxes, that corporate tax rates in the U.S. are the highest in the world. What she failed to mention was corporations in America do not pay those high tax rates because of all the tax loop holes and tax exemptions granted by congress which Ms. Bachmann is a member of. She also failed to mention that just over a month ago, General Electric reported earnings of $4 billion and paid no taxes. Also, GE announced they have credits against future taxes.
If middle class America had any sense they would tune the republican's anti-American agenda out and off. The country has been there and done that. The republican anti-American agenda and ideology never changes. It is to deprive the U.S. government of revenue to starve and actually destroy medicare, social security and other federal programs that help America and its people cope with the wealth that has been taken and transferred from the middle class to the wealthy. See Note 1
Note 1: The IRS reported that the richest 400 people in the United States paid on average 18% of their income in taxes in 2008.
If the above statement sounds familiar its because it is the same economic message of George W. Bush. Tax cuts that favor business and the wealthy and leaving out the middle class. The same policy that gave the country and its people the worst economic meltdown, the worst job losses, the worst federal deficits and debt and the reason the middle class is still seeking jobs and the economy is still in a recovery mode.
Michele Bachmann, republican candidate for President said in the recent republican debate her desire to cut corporate taxes, that corporate tax rates in the U.S. are the highest in the world. What she failed to mention was corporations in America do not pay those high tax rates because of all the tax loop holes and tax exemptions granted by congress which Ms. Bachmann is a member of. She also failed to mention that just over a month ago, General Electric reported earnings of $4 billion and paid no taxes. Also, GE announced they have credits against future taxes.
If middle class America had any sense they would tune the republican's anti-American agenda out and off. The country has been there and done that. The republican anti-American agenda and ideology never changes. It is to deprive the U.S. government of revenue to starve and actually destroy medicare, social security and other federal programs that help America and its people cope with the wealth that has been taken and transferred from the middle class to the wealthy. See Note 1
Note 1: The IRS reported that the richest 400 people in the United States paid on average 18% of their income in taxes in 2008.
Subscribe to:
Posts
(
Atom
)