Thursday, August 16, 2012

The Super Pac's Political Wealth

People who contribute to Super Pacs who use that wealth to openly lie in their political ads are undermining the American political system.  Those contributors represent what is wrong with the political system today.  Why are there so many wealthy people willing to support lies instead of having an honest debate.  Why has the wealthy stooped that low?

When the tax rates were 90% for the wealthy, the Pacs were no where to be seen.  That is a good reason alone to raise the tax rate on the wealthy and see what happens.  Maybe they would think twice and discover some courage to stand up and stand with America.  The contributors who fund the pacs are the greatest threat to democracy and American itself because their sole purpose is to control the elected officials they support. 

The news media abet's the pacs because of their purchasing power.  They gladly broadcast the pac's ads when they know the ads are not truthful.  There really is no such thing as a watch dog news media when it concerns the public good.  The sad fact of all of this is that the voters really have a short memory and only 3 and half years after the second great depression of 2008.

The Romney-Ryan Ticket: The Con Game Begins And The Lies Become Larger and Larger

Unfortunately the news media has no plan of pointing out their con game, especially the Sunday morning talk shows.  Ryan, the so called fiscal hawk served in the U.S. House all eight years that George W. Bush ran the country and rubber stamped Bush's record deficit spending policies that quickly erased the Clinton budgets that were balanced and in surplus.  In fact they put the country back in deficit spending in Bush's first fiscal year in office and all eight years of his administration.

It should be noted that Romney is on record as a supporter of Bush's policies.  Romney and Ryan's record proves they are no fiscal hawks and like Bush, would continue Bush's policies that gave the country and its people the second great depression.

Total federal spending during Bush's eight years in office increased 61% over Clinton's eight years in office.  Total federal spending in Clinton's eight years in office increased only 28% over the previous eight years.  Total federal spending during Bush 43's administration of four years increased 28% over the previous 4 years.  Total federal spending in Reagan's eight years in office increased 75% over the previous eight years. And so far federal spending under the Obama administration is averaging an increase of approximately 2% per year.  So much for the Republican lies of the Democrats being the big spenders.

Romney-Ryan will continue the lies during the campaign and have already done so concerning medicare, social security, taxes and a host of other issues.  One can only hope the voting public will remember that there is not a dimes worth of diffeerence between the Romney-Ryan policies and the Bush policies that put the country and its people in the second great depression and destroyed the nation's fiscal health.

Note:  Federal spending shown above taken from records of the Congressional Budget Office.  See commentary dated October 31, 2009 titled Federal Spending:  Facts vs. Myth published here in politidose and commentary dated October 27, 2010 titled: President Obama's First Fiscal Year Budget.