Obamaville October 1 - When do the lies stop?

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Today the CDC became the newest government agency to lie to the public in a long list of institutional lying the past two years alone.  When they announced the first Ebola case in the United States they said there was no chance of anyone else being exposed.  Then 12 hours later they said the patient was refused Ebola treatment the first time he went to the hospital because they didn't test for Ebola even though he told them he came from Liberia.  He was given the great American cure all, antibodies, which have no effect on Ebola, then sent home.  For the next two days everyone he encountered in Dallas, Texas was exposed to Ebola.

What does it mean to citizens of the USA?  More important, who can you believe?  Did I mention there is no cure currently available?

Of course we are also facing a nationwide epidemic of the D68 virus in children and numerous cases have mutated from a very dangerous virus to paralyzing the victims and no cure is in sight for this either. 

Then there is the MERS coronavirus virus that has spread to the USA from the Middle East and again there is no cure.  If the victim has a strong immune system they may live.  Here in the land of addictive prescription drugs, dozens of required vaccinations, and the explosion of antibiotics prescribed, to both the humans for every little cause and in the food supply through massive doses in the animal feed, we have destroyed much of our immune system thanks to our government regulation.

The biggest lie of all is that we have a good health care system.  Right now the only thing healthy about American health care is the massive wealth being accumulated by the doctors, pharmaceutical corporations, health care providers, insurance companies, health equipment manufacturers, stock holders in health care companies, and banks financing the maze of activity designed to keep you sick, not make you healthy.

To this day our government does not allow medical practices that have been in use around the world for thousands of years that prevent people from getting sick.  Why are proven Chinese health practices such as herbal treatment and acupuncture not approved for health insurance and Medicare?

Did I mention the agency scandal of the week, this time the Secret Service, forced to admit the president has been in danger more than once and if the most recent fence jumping person who made it over the fence, across the lawn, and inside the White House to the private quarters of the first family had been carrying plastic explosives instead of a knife, there might not be a White House.  Thank God an off duty officer finally tackled the intruder.

This comes on the heels of two more disclosures of failures to protect the president, which was preceded by a prostitution ring that was serving the Secret Service agents some kind of security.  Today the Secret Service director was fired or resigned depending on whose lie you care to believe.

Not to prolong the discussion, but we are also still trying to find out what really happened in the IRS scandal that also cost a director her job.

Bringing up the rear in our cavalcade of institutional lies is the National Security Agency tale of woes thanks to whistle blower Edward Snowden.  Now these lies have echoed throughout the world and seriously damaged our credibility.

And that, my friends, is all the ink I will devote to the avalanche of lies we are being spoon fed.
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Do Special Interests Really Serve Special Interests?

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In this day of burgeoning special interest bureaucracies there are times when it seems the special interests have only one interest in mind and it is not what they proclaim. Oh yes they claim to address all those problems, perceived problems, and yet to be perceived problems of humanity and many even get a tax exemption for doing it under their banner. But does that mean it is their real purpose?

I wonder if some are more interested in survival, the old game of bureaucratic survival, than bringing a resolution to the causes they advocate. Take for example health care where there seem to be more special interests out to make America healthy than in practically any other endeavor.



Every disease has champions, most are non-profit groups fighting for the health of the public. Yet many are financed by the very pharmaceutical company who makes the drugs to control the disease. Clearly many of them want to prolong your treatment, in other words make you feel good while remaining sick, for the rest of your life, because curing you would be of no benefit to the drug company.

Did you ever notice those brainwashing commercials everywhere on television saying you can get rid of those pains if you just take a pill every day, or month, forever? You feel depressed, take a drug. It may not solve your depression but you will sure enjoy being depressed when you are legally stoned. No one seems to talk about curing you of your ailment. There is no profit in cures.



Yet not just the pharmaceutical companies are guilty of it. The alternative health care people, the ones who are supposed to keep you from getting hooked on all those pharmaceuticals, have their own addiction to pitch saying if you take certain vitamins or herbs forever you will stay well. How can you be well if you are addicted to the cure whether it is drugs, vitamins or herbs?



There is medicine, vitamins and herbs for heart burn, digestion problems, constipation and diarrhea, but none of them cure the problem, they only trick your intestines into thinking all is well. I have a sure cure that does not require addictions, stop eating the crap that made you sick in the first place.

American's over age 60 take an average of 8 drug prescriptions a day. That does not count the psychologically fragile who need drugs to sleep, wake up, get motivated and relax. I once knew a successful television producer who took two briefcases to work, one with scripts and one with legal drugs in order to face whatever came up that day. It is amazing there are not Michael Jackson cases every day, where people are killed from legal overdoses or lethal mixes of different prescriptions.



So one must wonder if the legions of special interests in America today are more interested in their own interest than the good of the people. Personally I think any special interest that has a lobbying arm of some type should not be tax exempt. Such exemptions should be limited to those benefitting all people and should be charitable in nature.



They should also not be allowed any tax benefit if their affiliated groups include a PAC, political action committee that gives money to candidates for office. This is another loophole in the federal campaign laws that helps make the whole campaign law a joke. Congress has legalized bribes in the forms of campaign contributions from PACs, corporate and union people, and special interests. It is time to bring this to an end.

My agenda, like Obama's agenda, is aggressive and given little chance to get approved. There is a big difference however between mine and Obama's. His costs trillions of dollars while mine will reduce the cost of government.



Finally, if special interest groups do not pursue in a real way solving the problem they were formed to solve, they should be abolished. We are sick and tired of all the foolish claims on TV about how we have to have this or that reform. Tell us how to get well and you might be taken serious.


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THE JOYS OF CAPITALISM – PROFITING FROM CRIME

Once upon a time we were taught the amazing benefits of capitalism. How it can fuel the engine of state and raise the standard of living. How everyone had an equal chance to become the next American billionaire. How the accumulation of wealth had far reaching consequences and could be a tool for good.

That line of teaching dates back to the beginning of our nation and has been refined and updated over the years. Created by the public relations offices of corporate American and the Madison Avenue ad agencies whose lifeblood was the contracts they received from those corporations, it was not created for the common good.

There is a charade of benevolence, philanthropy and improved quality of life that may have resulted from the capitalism driving America but it was way down the distribution chain from the board rooms where the art of greed, the accumulation of power, the total disregard for law and the manipulation of governments ruled.

This is not to suggest that all corporations share the same outlook but once they join the elite group of major corporations in America the ethics, loyalty to the nation and upholding of the law seem to become secondary to the quest for the almighty dollar.

Yet it is more than that because questing for dollars is not bad in and of itself, it is the methods one chooses to use that become the choice between good and evil. The Bible says St. Michael cast Lucifer out of Heaven and down to Earth. Well Lucifer must having been wearing a suit and tie and he has certainly made himself at home here on Earth. Remember Lucifer; he’s the bad guy.

So what’s the point you might ask? Well let the facts speak for themselves. Today I am highlighting one of the most critical sectors of our capitalistic society, one upon which every aspect of your life in America is dependent.

Our first look is at the financial institutions which rule the nation from the powerful houses controlling the stock, commodities and real estate markets to the banks throwing credit cards at you. Like them or not you depend on them because they own you. Your homes are mortgaged to them, your pension, 401k, IRA and investments are managed by them, and probably about everything you buy is financed by them.

The really big boys have powerful names like Bank of America, Bear Stearns, Citigroup, Credit Suisse, J. P. Morgan, Merrill Lynch, Goldman Sachs, Lehman Brothers, UBS Warburg, and US Bancorp. Between them and a handful of others they rule the world financial markets.

So what do they have in common other than being the custodian of everything you have spent your life working toward? Well, how about criminal acts of such magnitude that they have been fined billions, yes billions, of dollars in the last 8 years. What were the crimes? Price fixing, fraud in stock deals, illegal charges to consumers, cheating on taxes, cheating stockholders, filing false financial statements, and cover-ups are just a sample of the actions charged against them.

AMERICA’S ELITE FINANCIAL INSTITUTIONS
FINES BY GOVERNMENT AGENCIES

Citigroup $3,062,150,000
Bank of America/Citigroup $2,750,000,000
Credit Suisse $450,000,000
Merrill Lynch $418,500,000
Morgan Stanley $281,200,000
J. P. Morgan/Chase $2,290,000,000
Goldman Sachs $112,000,000
Lehman Brothers $130,000,000
Bear Stearns $130,000,000
UBS Warburg $180,000,000
US Bancorp/Piper Jaffray $32,500,000
American Express $32,350,000
MasterCard $1,000,000,000
VISA $2,000,000,000

Okay, that is just a sampling of what fines we could find and the total is already nearly $13 billion. That does not count the billions and billions of dollars in sub-prime mortgage losses many of the companies absorbed by backing highly suspect loans. Now don’t you feel better about how your money and investments are being managed?

Of course this isn’t even all of the tragedy of our obsession with capitalist promises. Most of the fines were negotiated with the government and settled without trials, a pretty good sign of guilt. However, the settlements also meant the companies did not have to plead guilty, just admit to the practices and pay the fines. Now that seems efficient doesn’t it? An organization called CorpWatch whose purpose is to hold corporations accountable for their actions explains it as follows.

“Ever wonder why it is that when a company gets caught lying to, and/or cheating investors that they so often settle the case quickly, agreeing to pay millions of dollars back but "without admitting or denying" they did anything wrong?

Simple -- because the IRS kicks back a big hunk of the fine to them in the form of a tax write off.

That's right, you and I -- through the IRS -- subsidize corporate wrongdoing by providing substantial tax breaks to companies that settle shareholder lawsuits or regulatory actions in the right way.

For example, the Wall Street Journal reports that Merrill Lynch will likely harvest a fat $30 million tax write off this year -- a 30% kickback of the $100 million it agreed to cough up to settle fraud charges with New York prosecutors. The key here is that company officials insisted that the following magic words be included in their settlement agreement -- "without admitting guilt." The company had been charged with an elaborate pump and dump scheme in which its analysts falsely promoted stocks in companies underwritten by Merrill Lynch.

By being allowed to not admit guilt, the $100 million payment could be classified for tax purposes as "compensatory" damages rather than as a "fine" for wrongdoing.

This is a longstanding practice with both the SEC and IRS. And, in spite of the cascade of corporate evildoing, the IRS reinforced it in a similar case this April. The IRS ruling not only enshrines the practice but also appears to concede that getting caught and fined for lying and cheating is now a legitimate expense of doing business.

"It appears that the proximate cause of the litigation was the dissemination of false and misleading statements and press releases. Such dissemination of financial information is a routine business activity and therefore the expense of settling allegations regarding disseminating inaccurate information may be considered ordinary."(IRS ruling, April 2002)

Under the IRS's corporate tax rules settlements that result in a company having to pay "compensatory" damages are fully deductible as legitimate business expenses. This includes both compensatory as well as punitive "compensation."

The Political Connection

There you have it, the government rewards the corporations for criminal acts and regulatory violations. These are the same organizations pumping hundreds of millions of dollars into the political campaigns of our elected officials. Now just who is being protected?

Perhaps this massive infusion of dollars into campaigns of every major candidate has something to do with the fact they can get away with this practice. So when your favorite politician tells you he or she is looking out for you ask what they are doing to stop rewarding the criminals. If they look perplexed tell them the ones in the suits and ties.