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Tuesday, October 19, 2010

Gettin Round the Supremes

Hey Barry:

Maybe there's a way around the Supremes decision that allows corps and unions to spend money in elections without disclosure.

Here's a method to require better disclosure of who actually pays for ads by enacting a state rule. Read it here:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/10/19/EDQ01FUCH4.DTL

My memory is that the Reps voted down the law requiring disclosure, but maybe the states can do it on their own.

Your pal,

Sunday, October 17, 2010

Don't Sell Us Out

Hey Barry:

Part of your job is to keep track of things that can change our future. And, here's one right now: seems some big Chinese companies want to get into the middle of our telecommunications business.

And, Barry, mebbe its jes me, but there aint no such thing as a Chinese company that does things internationally without the direction of the government - they jes do NOT let any company mess around in foreign policy or military strategy. We could learn a lesson there, ya think?

It has the potential to be a bad idea and ya gotta watch it real careful. There are some things that are just bigger than economics.

Read it here:

http://online.wsj.com/article/SB10001424052748704300604575555121880239064.html

Your pal,

Friday, October 15, 2010

Big Oil Goes To College

Hey Barry:

Seems a lot of big universities are just a little too cozy with big oil.

Read it here: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/10/15/BAHR1FSR2B.DTL&type=newsbayarea

Exactly what we dont need - big corporations dictating research topics at our famous schools: Stanford, UC Berkeley, etc.

Y'all probably caint do nuthin, but itsa fact worth rememberin.

Your pal,

Bankers Have No Shame

Hey Barry:

Turns out them bankers are takin food from the mouths of babies on welfare.

Hard to believe - read it here:


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/10/15/MN5S1FRNI4.DTL&type=newsbayarea


Your pal,

Thursday, October 14, 2010

Tax the RICH

Hey Barry:

The RICH is our problem. Now Robert Reich [http://robertreich.org/] has been saying the exact same thing, except he says he is a class 'worrier' and not a class 'warrior'.

He sayin that because he thinks that somehow the good ol U S of A will spontaneously rise up and restore a better balance between the RICH and the rest of us. After all, we have done it before.

What he means is that we have RAISED TAXES on RICH folks before. By RAISING TAXES on the RICH, we have leveled the playing field and made a better country in the past.

So, les look at some facts to see if he is right.

OK, so far as the marginal federal income tax rate on the highest earners goes, score one for RR.

That rate was 91% from 1955 to 1963, then it dropped to under 40% from 1987 to 2003, where it stood at 35%. Read it here: http://www.truthandpolitics.org/top-rates.php

Incidentally, 1955 to 1963 were some pretty good years for growth and jobs in the U S of A.

So lets look at inheritance taxes in the USA. What do we see there: we see that the top inheritance tax rate was between 70% and 90% from 1936 to 1996.

Read it here: http://www.heritage.org/research/reports/2004/01/estate-taxes-an-historical-perspective

Now that rate is zero.

Score two for RR.

OK, then, what's it all mean.

It means that Congress and the voters were less corrupt/blinded/bamboozled than they are now.

It means that in our recent history we have taxed RICH people a lot and that the economy was better at the time we were taxing the RICH.

But, when we talk bout that today, we get a s...storm of bombast, bribes and lies that take our eye off the ball.

So, Ima guessin that make me a class 'warrior' in RR's definition. I don feel like one, I jes feels like Ima tellin the truth. Well, if tellin the truth make me a 'warrior', so be it.

Here one of da biggest lies we gonna hear: If we put the inheritance tax back on, there will be a lotta poor farmers who will lose the family farm they tryin to pass on to their families.

Thas jes a crock. First off, when we talk about RICH, we are talkin about billionaires, not some family farmers. Im all for making the inheritance tax apply only to RICH - estates more than a billion. That way saves the family farm. Let folks have couple hundred million - no problem. Its the big guys I worry about.

Here another big lie we gonna hear: If we tax RICH folks they won't create jobs and the economy will suffer.

Thats another crock. RICH folks dont create jobs - they buy T bills and such. Jobs are created by small businesses started by middle class folks. Takin away the big fortunes will make more jobs because middle class folks will have more income and will start more businesses.

OK Barry, you got a lot on your plate.

Don let this one slip on by.

We needs ya here.

Your pal,

Tuesday, October 12, 2010

Killin the Goose

Hey Barry:

Y'all mebbe wonderin what is the big deal about this foreclosure mess anyway.

Some folks sayin that we jes gotta let the market take its lumps and move on.

But Barry, it aint that simple or easy. It aint about some poor shlub like yours truly who been sucker punched.

Nope, its about some big things.

An Barry, this here's a surprise - Im gonna agree with the billionaires on this. Normally they is jes wrong and bad for the country - this here's the exception.

When ya think about where does the money come from - all the money in the whole country - ya could do worse than readin THE MYSTERY OF CAPITAL, by Hernando De Soto.

His point is that Western countries like the good ol US of A create a lot of wealth - money - because they have created a system that lets a banker in New York be certain that Sammy Smith really does own the house in Kansas City that he wants a loan on. And with that system the banker can make Sammy a loan and sleep at night.

And because the banker can sleep, then he is willing to value Sammys house at the price that Sammy can afford to pay the loan on, lets say mebbe $200,000.

That mean that Sammy can borrow against his house and buy some stuff or buy another house.

That's the way it used to be, say five years ago. Different today. And Barry, the difference is your problem to solve.

Here's the difference:

But, jes suppose that the NY banker can NOT be sure Sammy owns his house. Then what will he lend Sammy. Answer = zip, nada, zero.

Then what is Sammy's house worth. The same - zip, nada, zero. Mebbe he can find sum fool that'll pay him $5,000 and gamble that he really owns the house. But, and this is the big point Barry, aint no banker gonna lend nuthin on Sammy's house without his being sure who owns it.

OK, then, so what is this wonnerful system that creates all this money. Its the title insurance system. This is the companies that track all the history of Sammy's house to be sure that Sammy really owns it. Then that company writes an insurance policy that says: Yes, Sammy really owns the house.

And thats what the banker needs to make a loan.

Thats all good, but here's what is happening now: The crooked bankers have made such a mess that some title insurance companies are refusin to write insurance on Sammys house. And that gonna mean that no banker will lend on Sammys house. And that gonna mean that Sammys house is worth exactly zero.

See, the bankers job is to provide clear documents to the title company so they can be sure of ownership.

Here's where the crooked bankers come in - today's banks have been so cheap/crooked/lazy [y'all can choose your own word here] that they have failed to provide title companies with clear documents.

That gonna mean that the entire wealth of the country is headin down the drain in a big hurry.

Talk bout killin the golden goose - these criminal banks have jes bout done it for all of us.

OK so whatta we gonna do.

Heres what ya gotta do Barry:

First: Ya gotta create an interim guarantee for the title companies so's they can keep insurin Sammy's house.

Most Important, second: Ya gotta force - I mean FORCE - them crooked mother banks to provide clear and legal docs on all the houses they think they own.

Its the only way out of this particular mess Barry.

Ya gotta be real hard and some of them boys gotta do time.

We with ya Barry.

Your pal,

Friday, October 8, 2010

Adult Bankers!

Hey Barry:

Some bankers - amazingly - act like grown ups.

Will wonders never cease.

But watch out for da catch - them bankers don do nuthin for free. Meantime, be happy for the bone they throwin.

http://www.nytimes.com/2010/10/09/business/09mortgage.html?src=me

Your pal,

Wednesday, October 6, 2010

Secret Billionaires Buy Rove

Hey Barry:

Good ol boy Rove sells hisself to some billionaires.

http://www.csmonitor.com/USA/Politics/The-Vote/2010/1005/Karl-Rove-group-spends-big-in-Election-2010-but-is-it-legal

Now y'all gotta fight mega bucks as well as the standard Rep mouthwash.

Keep up the good fight Barry, jes forgit the bi-partisan stuff.

Y'all can go back there when the Supremes see the light and change they law bout lettin corps buy elections.

Your pal,

AmChams Sell You Out

Hey Barry:

Turns out the Supremes open a nasty box when they let corps buy elections. Now the American Chamber of Commerce is actively seeking money from foreign corps to help it buy elections and create a corporate state. Ifn they win, then we'd have something like national socialism - jes hush yo mouth now, never you mind that it dont work.

Read it here: http://tpmmuckraker.talkingpointsmemo.com/2010/10/report_chamber_raises_hundreds_of_thousands_from_f.php

It's against the law, but that don matter.

Itsa nightmare Barry, we is hopin y'all on it.

Your pal,

Saturday, October 2, 2010

Jes Caint Stop Stealin

Hey Barry:

Them Wall Streeters at Chase bank is so greedy they have mebbe shut down the entire USA housing market for good.

Read it here: http://www.nytimes.com/2010/10/03/business/economy/03foreclose.html?src=busln

Here's an update showin how them bankers jes cannot be trusted: http://www.truth-out.org/shock-therapy-wall-street-jpmorgan-suspends-56000-foreclosures-gmac-and-boa-many-more63803

This can really kill the whole economy, Barry, y'all gotta work on a fix quick like.

Regulation too good to these boys, they gotta go to jail.

Holy cow, it jes dont stop.

Your pal,

Friday, October 1, 2010

OOOOOoops, Sorry for the 4 Billion!

Hey Barry:

Some traders in Kansas tried to sell 4 BILLION of some thing - who knows what.

What happened, you ask: here's what - the market crashed.

How did some rubes in Kansas get 4 billion of anything anyway.

Holy cow Barry, ya gotta fix this.

Your pal,

Thursday, September 30, 2010

Runnin Wall Street

Hey Barry:

As an American I'd truly like to be bi-partisan and see the good in the Reps. But, y'all knows I aint Mary Poppins and the Reps is full of it. All they mouthin is bad for the country - is only good for the RICH.

Now thats what we know, Barry - we know that.

So ya gotta run against that.

And, it really works, Barry. Runnin against Wall Street gets votes. Sumbuddy was runnin gainst a Tea Bagger and havin a hard time. Then she started runnin against Wall Street and tyin her opponent to the bankers. The campaign turned around.

Well I forgot the xact race, mebbe it was in Oregon - don remember.

Point is, its what wins the elections.

Your pal,

Monday, September 27, 2010

RICH = Monopoly

Hey Barry:

You're probably like me, jes as soon not make them billionaires any richer.

But, y'all doin it every day, jes like the rest of us.

See, ting is this - billionaires don get they bucks unless they get a monopoly on sumthin. A monopoly is when ya gotta go to one person to get what you want.

An, here's what bad bout monopoly. It aint jes that they can charge you more for what you want - cuz you got nowhere else to go - they HAVE to charge you more.

Hold on pardner, y'all might be sayin, whattya mean they HAS to charge more.

Now, I can splain all the reasons they HAS to charge higher prices, but it gonna take ten or twelve hours and you don got that time - I don't either. So, Ima gonna give few examples and a link to sumbuddy who has that explanation on the web:

http://tutor2u.net/economics/content/topics/monopoly/monopoly_profits.htm

Here sum examples - rite now I'm typing in microsoft text editor. Which means I hadda pay Bill Gates. [Except actually I don't cuz my copy is from a friend - score one for our side]. Last time I looked Bill Gates is bout the biggest billionare on the planet. An he greedy and he a monopoly. The EU sued him cuz he's a monopoly.

Here how he work: I loved Windows 98 - worked fine, did every thing I wanted and didn't crash every ten minutes. But now you caint use that no more cuz MS Corp does not 'support' it. Which means that none of the current programs gonna work on good ol 98, which means ya gotta buy a new program - from hisself, Bill Gates.

Gotta another personal thing bout Billy - years ago I wrote a book, lotta work an lotta fun. Nobuddy wanted to publish it cuz it wasn't very good. It was a labor of love. Point is this: I wrote it in some program - wordperfect or sum such, an when I turned around, Uncle Billy had bought the program and didn't 'support' it no more. Now I cain't even read my book cuz its in that dead program.

Les move on to the the oil companies. You drive round - you support big oil. An itsa oligopoly - which is a monopoly with friends. Once in while ya might see some gas station open up and charge real low prices cuz they wanna make friends or use the gas price as a loss leader.

They gonna last a week wid dat idea. Here's what gonna happen. Big oil marketing rep gonna come round an say - 'ya know you cain't buy no more gas unless you raise the price. Itsa free country an you can do what you want, but you will charge the price we decide or you won't get gas.'

Nother thing bout big oil - they say the prices are set by the 'market'. Thas a crock. Nex time prices getta little low cuz they too much gas around, they gonna be a refinery shut down because of 'maintnance'. And, surprise, surprise, the price gonna go back up cuz they a 'shortage of gas'.

OK, you can find your own examples. You can make it a game for the kids.

Point about it is this: we all paying so much to support the billionaires that we caint buy any stuff. An if we caint buy any stuff, the economy gonna stay bad.

Thas where we is right now.

An thas another ting thats' bad about the RICH - they stealin so much from us that we is too broke to support the economy.

Ya gotta fix the system Barry, so the monopolists go away.

Your pal,

Thursday, September 23, 2010

Who The RICH?

Hey Barry:

Chops to Forbes, they name the names and show the dollars.

Find the list here: http://www.forbes.com/lists/2010/10/billionaires-2010_The-Worlds-Billionaires_Rank.html

It's from March, but a good list - pretty sure none of em are on welfare yet.

Mebbe I get some time, I'll copy the names. Meantime, enjoy,

Your pal,

Why RICH Bad - Everywhere

Hey Barry:

Jes another reason RICH are da problem: Big ol UN conference on helpin the poor - BUT, they aint no poor there. Jes mo RICH.

Read the article here: http://www.csmonitor.com/World/Africa/Africa-Monitor/2010/0923/At-UN-elites-mull-Millennium-Development-Goals.-Did-the-poor-weigh-in

Speechless, Barry, jes caint say a word.

Your pal,

Monday, September 20, 2010

Fraidy RICH

Hey Barry:

Seems that even Krugman is noticin that the real RICH are a little fraid.

Itsa sign that y'all doin good.

Keep the pressure on - jes mebbe they gettin the message.

Itsa simple message - the RICH is the problem and they gotta go.

Don matter where they go, jes get outta the way and let us live in peace.

Don need they money, don need they cruelty.

Aint nobody gonna weep when they go.

Your pal,

Friday, September 17, 2010

Tellin the Truth - Scary

Hey Barry:

Good on y'all for puttin Elizabeth Warren where she can so some real good.

Nuthin scarier than a 60ish blond woman with a big smile who speaks the truth.

Trick or treat, bankers.

Your pal,

Monday, September 13, 2010

Snowe, Collins and Brown

Hey Barry:

In his column of Sep 13, 2010, E. J. Dionne, Jr. [
http://www.sfgate.com/columnists/dionne/] nails it.

The Supremes messed up big time by lettin corps buy lections an laws.

The Senate can fix it, but three senators are standin in the way.

Time to call em out an fix this, Barry.

Olympia Snowe and Susan Collins of Maine and Scott Brown of Mass are lettin the right wing crazies tell em what to do.

Its bad for the country, Barry, jes bad.

Your pal,

Saturday, September 11, 2010

Lead Dog

Hey Barry:

Itsa good speech on the conomy. Them bank weasels may be talking bout you like you a dog, but you da lead dog and they is seeing the same thing every day.

But, Barry, they is one thing y'all left out of the speech.

It bout them RICH. See, ifn y'all builds all the solar and creates new jobs an all, well our system gonna collect all the money in a few hands and make the RICH even richer.

History shows that every great government movement in the USA creates new RICH. You could look it up. So that's gonna be the challenge Barry. Ya gotta build the new jobs AND ya gotta take down the RICH.

See, the RICH is standin in the way of the money gettin to the middle. And, ifn you dont take them down, the middle wont get wot y'all tryin to give em.

Thas what you left out Barry. Takin down the RICH. Spreading the money around so jes a few don get it all.

Take em down Barry, take em down. We needs it.

Your pal,

Sunday, September 5, 2010

On Workin

Hey Barry:

Y'all on the job machine. Lotsa good ideas for creatin jobs. Keep on it.

This is a big one - try to get it thru Congress - thas the hard part.

Here's a link:

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/05/national/w070330D61.DTL

Your pal,

Saturday, September 4, 2010

Dirty Little Secret

Hey Barry:

Jeez, what a thing. Here we are tryin to save Afghanistan from the Tali and then dere's this.

Itsa a thing that turns your hair grey Barry, y'all sure ya want this job?

Seems lotta Afghan men keep little boys as sex playthings in their house.

An some of them men is in the government and the police.

Anyway, aint no secret no more - all our troops seein it.

Here's a link to the story:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/08/29/INF21F2Q9H.DTL

Barry, y'all gotta be sure we need a Tali free Afghanistan. If yo sure then keep at it. But, if yo not sure, then mebbe its time to think hard on this.

Here the question: why we sendin our kids to die protectin the rights of people we'd jes as soon watch die if they at home?

Don make no sense on the face.

Ima hopin there's some back story sumwhere I don know.

We with ya Barry.

Your pal,

Saturday, August 28, 2010

Workin Down, Down, Down

Hey Barry:

All the things on your brain, I know its real busy up there.

But les think for a minute bout what its like to get a job today.

Itsa big job, Barry, aint easy atall.

Jes for the sake of it, les imagine that y'all lose the lection. I don want that to happen cuz we needs you there, but them Reps is real sneaky and they might git lucky. Who knows, is politics, after all.

Dere you are lookin for work. But, aint nobody gonna hire you. Think about it. Yo is used to big bucks, lotsa attention, and, face it Barry, y'all aint xactly mainstream. In this competitive conomy, the employers goes with cheap, mainstream and eager, not expensive an picky.

Gonna mean Michelle be poundin the pavement.

Here wot she'll see.

Lets say she tries for a sales job in a downtown Chi town retail store sellin clothes - she'll be real good at it, has a natural gift for fashion and talkin an all. Should be a breeze, right.

Not so fast.

Here an ad she mebbe likes:

"Can you name 3 of today's hottest designers? How about the current must-have
jeans? Have you ever done a celebratory dance when your Lucky magazine
arrived? (Don't worry, we won't tell anyone.) If so, we want you!

We are a fashion-obsessed, fun-loving retailer of high
quality new and recycled clothing. Currently, we're looking for energetic,
friendly and responsible people for positions at our store.

Sales Associates: PART TIME position. MUST BE ABLE TO WORK FRI, SAT, SUN.
Some retail clothing experience required. You will be selling to the public,
which involves keeping up-to-date on current fashion trends, fashionable labels, pricing,
and what our competitors are selling.

- Competitive pay [BTW: dis means $1.00 per hour above min wage]
- Reliable review schedule
- Significant discount on all merchandise
- A professionally oriented retail development program "

Sound good?

OK then, she needs to go the store's website and get her brain round some corp-speak and then take a test online. Here is some corp-speak right off a website with the name an details changed so's I don get sued:

"Passionate and motivated about working for a global brand and in the retail/fashion industry

Global, innovative thinker and learning agile with an open and inquisitive mind and an understanding of customers and brands

Demonstrated leadership qualities such as a strong point of view, willingness to take calculated risks and interpersonal savvy

An entrepreneurial spirit and a strong work ethic with a desire to work in a fast paced environment

Strong analytical and critical thinking capabilities as well as financial acumen

Persuasive presentation, communication and negotiation skills

Effective collaboration with peers and teams

Organization of multiple projects with effective prioritization and flexibility and an ability to execute with a sense of urgency and attention to detail

Minimum Qualifications

A 4-year degree or equivalent work experience is required.

For students, all majors are welcome to apply. A GPA of 3.0 or above is required. [BTW: dis means she gonna go gainst 20 somethings.]

For full-time internal applicants, a manager reference form is required to be uploaded with the application. Part-time and seasonal employees do not need a Manager Reference Form.

Additionally all full-time employees must have been in their positions for one year."

Still sound good. OK then.

Next she gonna take an online quiz of 150 questions. Questions gonna be things like dese taken from remembered tests and interviews:

'What would you do if your friend tells you that your supervisor is stealing merchandise?

What are your shortcomings?

What is a mistake you made in the last year? And, what happened because of that mistake?

What would you do if one supervisor tells you to do something that conflicts with what another supervisor tells you?"

The list goes on and on and it'll take her bout hour and half to finish it. Good advice on them quizzes - don think, jes answer the questions.

Oh, by the way - a computer gonna score your quiz. Thas cause they gonna get 200 quizzes to read. An aint nobody got time to read all that.

So, les say that the computer really likes Michelle. Thas good, but the computer gonna really like mebbe 5 or 10 other people too. Then a real person gonna look at the candidates and suggest interviewin two or three to the boss - who jes fired the person which created the opening in the first place cuz aint no bidness growin and hirin new folks. Wont even go inta why the person got fired inna first place.

So Michelle gonna be asked in for interview. There'll be a group of five folks doin the questionin. Probably from a script and they gonna rotate askin each question. The questions gonna be about how she works. Y'all gotta think like itsa audition, jes like you tryin for a movie role.

Now, if the job has any technical skill requirements you expect a written exam that's minimum of one hour long bout everything under the sun bout the job.

OK, les say Michelle passes the interview and aces the test.

She is qualified, that's all good; but, is she the right person? An that is different for every job. An there is no way to know.

In fact, there is a good chance that the company will just not hire anyone because nobody fits all their desires exactly. Or, there's also a good chance that the boss already knows who he's gonna hire - he just making himself look good by doing the process.

Or may be Michelle is lucky and knows someone and actually gets an offer: Congratulations!

That gonna mean she can now work for minimum wage plus dollar per hour selling jeans on the weekends.

OK Barry, thas the world we live in. Work hard on that lection and stay in DC - it's easier.


Your pal,

Saturday, August 21, 2010

National Security - Trading It Away

Hey Barry:

Bout dis trade thing. We gotta watch it close. Course, wot that really means is YOU gotta watch it, cuz ifn you dont, we gonna slide down that hill even faster.

Here's Jeffrey Carr at Forbes bout givin away our jewels for some peas, jes like Jack in the Beanstalk.

http://blogs.forbes.com/firewall/2010/08/20/intels-mcafee-deal-a-national-security-nightmare/?boxes=Homepagechannels

Holy cow, Barry, don nobudy even THINK bout was good for us - foolish question, I know. Is all bout pilin up da cash.

You da cop Barry - only one we got.

Your pal,

Friday, August 20, 2010

National Security - 350 Years - Why RICH Bad, Part 11

Hey Barry:

This one's gotta couple parts. First - bout me. Second, more bout RICH.

First part: Sum y'all wonderin, - mebbe, mebbe not - who da hell dis guy anyways. Was he want?

Gonna tell ya.

Seems I got lotta family all over; most of 'em I don know an they don know me. Prolly better that way,

Anyways, when I's in school my old aunt tells me I's related pretty much directly to good ol John Adams through the Philadelphia Brooks - yeah, that John Adams.

First reaction - so what. That an two dollor gonna buy me a beer.

Then, few year later I get to wonnerin bout wot we doin to this country. Short answer: we screwin up.

Anyways, I watches an I learns bout tings and the more I watch the worse it gets.

Then another cousin does sum diggin an turns out we related to lotta Presidents: We had relatives on the Mayflower and they arived about 1621. Names Hicks, Edw. , Winslow, Sarah Odding and John Doane come up. Roger Sherman was a signer of the US Constitution and the Declaration of Independence. The presidents that come off of Sir Henry "Knight" Sherman were Taft, Hoover, George H Bush and George Walker Bush. That makes 6 presidents now!

There was a Hanson who was actually the first President of the Continental Congress, which makes him President before George Washington.

Well, thassa enuf of that - gets boring after while. Besides, family don make you rich, unless yo too RICH.

Point of it is this: I aint fraid of talking clear to anybuddy. I can talk on an even like level, an you might even listen.

Second part - we gotta be clear Barry. Why you think Ima goin on bout the RICH, anyways.

Here da answer to dat - here xactly why RICH is bad.

If'n folks gets too rich, then they can compete with the government. When that happens, we is cooked. There go 350 years of xperimentin wid helpin common folks do well rite down the drain.

Cryin shame is wot it is.

An, Barry, thas happenin right now. The RICH is buyin laws and buyin lections. An when they do, the lections an laws gonna make them RICHER and gonna make the rest of us poorer.

Barry, I know y'all all knows that. An I knows y'all tryin like hell to turn dat ship round in better direction.

But Barry - this is the test. It aint bout Reps vs Dems - it bout the RICH and the rest of us.

Keep on it, but mebbe move a lil faster, if'n yo can.

Your pal,

[Not an ex-President].

Thursday, August 12, 2010

National Security - Why Rich Banks Bad - Part 10

Hey Barry:

Jes in case y'all wonderin xactly how them banks make they profits, read it here:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/08/12/MN181ESKIO.DTL&tsp=1

Itsa hard to hol on to yo wallet when dealin wid a bank.

Enuf ta make a man cynical.

Your pal,

Tuesday, August 10, 2010

Good Ol Larry Feelin It

Hey Barry:

In his own words [makes ya wanna cry, don't it?]:

"To whom it may concern,

Many years ago, I put virtually all of my assets into a trust with the intent of giving away at least 95% of my wealth to charitable causes. I have already given hundreds of millions of dollars to medical research and education, and I will give billions more over time. Until now, I have done this giving quietly – because I have long believed that charitable giving is a personal and private matter. So why am I going public now? Warren Buffett personally asked me to write this letter because he said I would be “setting an example” and “influencing others” to give. I hope he’s right.

Larry Ellison"

From The Giving Pledge website: http://givingpledge.org/#larry_ellison

Your pal,

Sunday, August 8, 2010

National Security - Why Rich People Bad - Part 9: Larry Ellison

Hey Barry:

Good ol Larry really rich. So dat makes him a genius, rite?

Mebbe not so much. See, all's he gotta do is fire bunch people - then corp earnings go up and his shares are worth more.

Simple math - screw a family, grow your balance sheet.

Heres sum history on good ol Larry from the press:

'Oracle chops Sun HPC jobs'

http://www.theregister.co.uk/2010/08/05/sun_hpc_cuts_systems/

'Oracle's Larry Ellison Is Highest-Paid CEO of Decade'

http://www.dailyfinance.com/story/company-news/highest-paid-ceos/19569734/

'Global CIO: Oracle Layoffs Threaten Larry Ellison's Credibility - Ellison fires between 3000 and 9000 people'

http://www.informationweek.com/news/global-cio/interviews/showArticle.jhtml?articleID=225600372&pgno=1&queryText=&isPrev=

Sad part is dis: he not by hisself here.

How we get here anyways? Good way to get rich is ta fire people. Wot the hell.

Before we get all teary eyed bout them wonnerful billionaires giving sum to charity, les look real hard on how many jobs they killed to git the cash.

Luv to see a track on the BIG rich - how many grew jobs an how many killed jobs.

Mebbe we should go all Euro on them - put a big tax on firin folks so dat BIG rich makes money by letting people keep jobs.

Wotta revolutionary idea Barry - literally revolutionary. Was part of the revolution in Spain in the 1930's.

Sounds like we need it here.

Watta ya say Barry?

Make sense to you?

Your pal,

Saturday, August 7, 2010

Workin on the Home Front

Hey Barry:

Glad to read y'all still after the BIG money Barry - its how y'all gonna save the country.

The BIG cash guys makin a big stank that they all gonna sign a letter ta give away half or so of what they got, thas accordin to Buffet and Gates.

Read it here: http://givingpledge.org/

Aint' gonna make no difference ifn they do. I'd hate to be cynical, but it could jes be that they want some good press as y'all go about rewriting the tax codes.

In order ta make a difference they gotta give it all up to Uncle Sam - let em keep the chump change, like mebbe ten million or so.

That'll keep em off the streets, but wont let em buy no laws.

Turn dat ship round Barry - headin for the calm ports an outta the storms.

We with ya Barry.

Your pal,

Sunday, August 1, 2010

US Military Needs Work

Hey Barry:

BIG money aint the only problem. The army and all need some work too. Stephen J. Hadley and William J. Perry worked it out here:

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/29/AR2010072905006.html

Here's their bottom line: 'We identified the five gravest potential threats to those interests likely to arise over the next generation: radical Islamist extremism and the threat of terrorism; competition from rising global powers in Asia; the continued struggle for power in the Persian Gulf and the Greater Middle East; an accelerating global competition for resources; and persistent problems from failed and failing states. '

And, Barry, fixin all that gonna mean puttin screws to the BIG money - thas the only place we gonna get the cash.

Get the money from the BIG money and fix the banks and the army. Ifn y'all dont do all that, we gonna sink slowly in the sunset, Barry.

Itsa big job Barry. We with ya. Keep at it.

Your pal,

Thursday, July 29, 2010

BIG Money Bad - Part 8

Hey Barry -

The BIG money is all over it. They thinkin they bought us. They buyin lections an laws. Was next?

Make me wanna puke an move to Canada.

See two links:

http://groups.yahoo.com/group/corp-ethics/message/5375

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/28/EDTO1EKH6D.DTL

Itsa BIG fight Barry.

We with y'all.

Your pal

Sunday, July 25, 2010

Bank Regs Only A Start

Hey Barry

Thye's some big holes in the bank reg act. Its start, but y'all gotta lotta work to do.

Robert Reich nails it here: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/25/INPM1EI4LO.DTL

Devil's inna details Barry.

We need ya on this.

Your pal,

Thursday, July 22, 2010

National Security - Why Rich Folks Bad - Part 7

Hey Barry:

First off - big congrats on the bank reg bill. You and all your team stepped up big time when the chips were on the line. I see your pride when y'all make the announcement. Pride is well deserved Barry - enjoy it.

Wot y'all did was to put some controls on money. An thas goin a long way to keepin the good ol U S of A in one piece. Les be clear here - big money gonna be the doom of us all unless y'all controls it. They is jes as bad as bin Laden far as killin our country goes. Sure dey aint gonna plant bombs or nuthin, but they is jes as big a danger to us all as Al Queda with guns. Sumtimes I think bin Laden was runnin them banks.

Now as far as the other half of the puzzle goes, Barry, Ima gonna give y'all an idea. But I gotta warn y'all Barry, this here idea is kinda like a new strain of virus: gonna start out small an then is gonna grow and take over. When it takes over, is gonna be good for the country, but it may be bad for you, Barry Obama. Caint predict that. So read ahead Barry, but watch yo back.

The good ol U S of A is right now like sum folks drivin on a curvy mountain road at two in the AM and bein more than jes a little stoned - an then sum fool puts a blindfold on the driver. Yo know y'all gonna die, jes don know when.

Here wot Im talkin: we is at the end of a cycle where we rich an powerful. We can go one of two ways - we can change an stay rich an powerful or we can be rigid an die.

An you, thas you Barry Obama, is gonna make that choice for us. Please choose wisely, Barry.

Here sum background - there have been sum other countries in the same place we is now before in history: namely, Spain, Holland and Britain. Jes before they declined to second rate status, dey was jes like we are now: lots of rich folks, big time financial goins on and lotta po folks. See wot make a country secure an safe is when all the folks are doin well. If only a few doin good, den the few don give a rats behind bout da rest and the country go to hell. Jes like Yogi Berra says : "You could look it up."

Les go back to 1970 Barry, thas 40 years ago. We was OK then. But since then what has happened? Well, the average American has seen his living standard decline steadily for them 40 years. At the same time, the rich folks has multiplied like rabbits an they have jes gotten richer an richer. Bill Gates hisself is worth bout 100 billion. Wot the hell Barry, that aint American. It aint even comprehensible - caint git my brain round 100 billion of anything.

Das where all them bankers gittin they fun money - the rich jes rollin in cash like Uncle Scrooge McDuck.

Rest of us is goin downhill steady like.

Here we are wid a few folks settin up a nobility, plutocracy, aristocracy, thas gonna last forever unless y'all changes it. An that will screw our national security and put us in second rate status real soon.

So here wot y'all gotta do, Barry: ya gotta cut them fortunes down to a manageable size. Dat gonna mean ya gotta put a big inheritance tax on and a big income tax on.

When yo do that, then the big fortunes gonna go the US Treasury, we gonna have da cash to fix stuff an the average person gonna be able to have a decent living. Thas when we gonna be secure as a country, Barry. Thas what we need.

Ifn y'all caint git that done, them rich is gonna keep gamin the system an doom us all to second rate, Barry.

Thas the stakes. Plain as the nose on my face.

This tape will now self destruct.

Your pal,

Monday, July 19, 2010

Winston Churchill - Why Rich Folks Bad - Part 6

Hey Barry:

Here's What Winston Churchill had to say in 1908 about England:

"The seed of ...national decay - the unnatural gap between the rich and poor...the exploitation of boy labor, the physical degeneration which seems to follow so swiftly on civilized poverty..the swift increase of vulgar, jobless luxury - are the enemies of Britain."

Sounds kinda familiar, dontcha think Barry.

Your pal,

Corporations - Why Rich Folks Bad - Part 5

Hey Barry:

Les take corporations as examples of rich folks. They aint families, but the rules now is such that the CEO's are definitely RICH.

Corporations have consistently behaved badly over our history as a country - there is no reason to expect corporate behavior will change in the forseeable future. Not all corporations all the time behave badly, but a big enough majority do so consistently. For example, the Sarbanes Oxley Law was pased in response to the Enron debacle a few years ago.

Their bad behavior is consistently designed to enrich their shareholders and executives by manipulating markets, courts and laws to obtain the greatsest possible profit while simultaneously transferring risk and costs to the public - thas us, you and me. Its called privatizing the gain and socializing the loss. An, Barry, its downright Un American.

Since 1998 I have moderated an internet discussion list which attempts to document corporate behavior - both good and bad - from relevant press articles.

The archives are available publicly here: http://groups.yahoo.com/group/corp-ethics/messages

The archives are searchable - it is a valuable resource.

Your pal,

Sunday, July 18, 2010

Wealth, Poverty and Monopoly

Hey Barry:

Here's James Baird Weaver, Greenback Presidential candidate in 1880 writing as a Populist in 1892:

"If the master builders of our civilization one hundred years ago had been told that at the end of a single century American society would present such meloncholy contrasts of wealth and poverty, of individual happiness and widespread infelicity as are today to be found throughout the republic, the person making the unwelcome prediction would have been looked upon as a misanthrope and his loyalty to democratic institutions would have been seriously called into question. Our federal machine, with its delicate interlace work of national, state and municipal supervision, each intended to secure perfect individual equality, was expected to captivate the world by its operation and insure domestic contentment and personal security to a degree never before realized by mankind.

But there is a vast difference between the generation which made the heroic struggle for self-government in colonial days and the third generation which is now engaged in a mad rush for wealth. The first took its stand upon the inalienable rights of man and made a fight which shook the world. But the leading spirits of the latter are entrenched behind class laws and revel in special provileges. It will require another revolution to overthrow them. That revolution is upon us now."

Your pal,

Platform: American Economic Association 1885

'1. We regard the state as an educational and ethical agency whose positive aid is an indespensible condition of human progress. While we recognize the necessity of individual initiative in industrial life, we hold that the doctrine of laissez faire is unsafe in politics and unsound in morals; and that is why it suggests an inadequate explanation of the relationship between the state and the citizens.'

AEA, Saratoga, New York, September 1885

Homeless Children

Hey Barry:

This is from the US Conference of Mayors in 1986:

'My name is David Bright. I am ten years old. I am homeless. I am often hungry. Right now I live in the Martinique Hotel [a 'welfare hotel' in New York]. The Martinique is a mad house. The hallways are dangerous. Many things could happen to you while you're in the hallways. Like you could be shot or raped. The roaches and rats are a big problem too. But being raped is worse. There are people who rape little boys in the hallways.

I am often hungry because I don't get enough to eat. Homeless kids are taken to schools far away. When the bus comes late I can't even get breakfast at school. When I arrive the bell rings, then breakfast just stops. I just can't think in school when I'm hungry. My mind just stops thinking and this can't go on forever. That's because I want to learn. I want to get a good education. Learning is fun for me.

There are too many little kids in the hotel who never go to school. There just is not enough room in the school for them. Just like there's not enough homes for poor chuildren and not enough food.

When I grow up I will be President of the United States. When I am the President every American will have a home. Every American will have something to eat every day. Everyone in America will have a little money in his pocket. When I am President no ten year old boy like me will have to put his head down on the desk at school because it hurts to be hungry.'

Your pal,

Saturday, July 17, 2010

John Winthrop - 1630

Hey Barry:

Here's where we from:

"Now the only way to...provide for our posterity is to follow the counsel of Micah: 'to do Justly, to walk humbly with our God.'

For this end, we must be knit together in this work as one man. We must entertain each other in brotherly affection. We must be willing to abridge our selves of our superfluities, for the supply of others' necessities."

John Winthrop, A MODEL OF CHRISTIAN CHARITY, 1630

Your pal,

'The man who dies rich dies disgraced.' Andrew Carnegie

Hey Barry;

The good ol U S of A has a history of levellin the playin field by taxin rich folks so's they don become heriditary plutocracy.

Cep now we dont.

What happened anyways?

Here Rutherford Hayes on how much is enough from January 22, 1886:

"...We ought not to allow a permanent aristocracy of inherited wealth to grow up in our country. How would it answer to limit the amount that could be left to any one person by will or otherwise? What should be the limit? Let no one receive from another more than the law gives to the chief justice, to the general of the Army, or to the president of the Senate. Let the income of the property transmitted equal this, say $10,000 to $20,000. If after distributing on this principal there remains undistributed part of the estate, let it go to the public. The object is to secure a distribution of great estates to prevent accumulation.'

Not sure how much income that $10,000 is today, but it sure aint no millions or billions. If memory serves, the President - thas you - makes bout $500,000 per year.

Your pal,

Why Rich Folks Bad - Part 4

Hey Barry:

Who are the American rich anyways?

Y'all can buy a mailing list of them for less than 10c per name, but Ima too broke to do that.

Here's the link: http://www.allied-media.com/MAILING%20LISTS/Mailing/Millionaires.htm

Instead I'll go with a list of the top 100 names in 2004 from Forbes an y'all kin get all 400 here: http://www.forbes.com/2004/09/22/rl04land.html

Now the thang is: they all got a lot richer since 2004. Rest of us was gettin poorer, but dese guys got a lot richer.

Here's the question: How rich is enough in the USA?

One billion? Ten Billion? One hundred Billion?

Ima thinkin that the answer is this: Y'all too rich if you can buy a law from the US congress.

I don know the price since I never bought a law, so Ima gonna guess that anything above one billion is rich enuf to buy a law. That's jes too rich for the U S of A.

At some place, yo cross from being a person inta being a country.

Anyways, here's the list from Forbes in 2004:


Rank Name Net Worth ($mil)

1 Gates, William Henry 48,000
2 Buffett, Warren Edward 41,000
3 Allen, Paul Gardner 20,000
4 Walton, Alice L 18,000
4 Walton, Helen R 18,000
4 Walton, Jim C 18,000
4 Walton, John T 18,000
4 Walton, S Robson 18,000
9 Dell, Michael 14,200
10 Ellison, Lawrence Josep 13,700
11 Ballmer, Steven Anthony 12,600
12 Johnson, Abigail 12,000
13 Anthony, Barbara Cox 11,300
13 Chambers, Anne Cox 11,300
15 Kluge, John Werner 11,000
16 Omidyar, Pierre M 10,400
17 Mars, Forrest Edward Jr 10,000
17 Mars, Jacqueline 10,000
17 Mars, John Franklyn 10,000
20 Redstone, Sumner M 8,100
21 Icahn, Carl 7,600
22 Knight, Philip H 7,400
23 Ergen, Charles 7,300
24 Soros, George 7,200
25 Newhouse, Donald Edward 7,000
25 Newhouse, Samuel Irving 7,000
27 Murdoch, Keith Rupert 6,900
28 Broad, Eli 6,000
28 Johnson, Edward Crosby 6,000
30 Davis, Marvin H 5,800
30 Kerkorian, Kirk 5,800
32 Arison, Micky 5,300
33 Anschutz, Philip F 5,200
34 Bloomberg, Michael Rube 5,000
34 Warner, H Ty 5,000
36 Abele, John E 4,500
37 Geffen, David 4,400
38 Bezos, Jeffrey P 4,300
38 Bren, Donald L 4,300
40 Duncan, Dan L 4,200
40 Perelman, Ronald Owen 4,200
40 Perot, Henry Ross & fami4,200
43 Brin, Sergey 4,000
43 Kaiser, George B 4,000
43 Koch, Charles De Ganahl 4,000
43 Koch, David Hamilton 4,000
43 Page, Larry E 4,000
43 Wrigley, William Jr 4,000
49 Moore, Gordon Earle 3,800
49 Nicholas, Peter M 3,800
51 Menard, John R Jr 3,700
51 Sorenson, James L 3,700
53 Crown, Lester & family 3,600
54 Rowling, Robert 3,500
55 Cook, William Alfred 3,200
55 Goodnight, James 3,200
55 Lauder, Leonard Alan 3,200
55 Taylor, Jack Crawford 3,200
59 Greenberg, Maurice Raymo3,100
60 Adelson, Sheldon 3,000
60 DeVos, Richard M 3,000
60 Kroenke, Ann Walton 3,000
60 Lucas, George 3,000
60 Tisch, Preston Robert 3,000
65 Bass, Robert Muse 2,900
65 Van Andel, Jay 2,900
65 Wexner, Leslie Herbert 2,900
68 Davidson, William Morse 2,800
68 Hillman, Henry Lea 2,800
68 Laurie, Nancy Walton 2,800
68 Schwab, Charles R 2,800
72 Lauren, Ralph 2,700
72 Perenchio, A Jerrold 2,700
74 Filo, David 2,600
74 Jobs, Steven Paul 2,600
74 Johnson, Barbara Piaseck2,600
74 Spielberg, Steven Allen 2,600
74 Trump, Donald John 2,600
79 Bronfman, Edgar M Sr 2,500
79 Hughes, Bradley Wayne 2,500
79 Ingram, Martha R & famil2,500
79 Johnson, Charles Bartlet2,500
79 Rockefeller, David Sr 2,500
79 Schulze, Richard M 2,500
79 Simons, James H 2,500
79 Stern, Leonard Norman 2,500
87 Bechtel, Riley P 2,400
87 Bechtel, Stephen Davison2,400
87 Blavatnik, Leonard 2,400
87 Udvar-Hazy, Steven 2,400
87 Zell, Samuel 2,400
92 Burkle, Ronald 2,300
92 Hunt, Ray Lee 2,300
92 Huntsman, Jon Meade 2,300
92 Pohlad, Carl 2,300
92 Simplot, John Richard & 2,300
97 Butt, Charles C 2,200
97 Helmsley, Leona Mindyl 2,200
97 Saban, Haim 2,200
97 Spangler, Clemmie Dixon 2,200

Your pal,