Top Of My Head

Thoughts on everything from Politics to Video Games

Tag: profits

You have been fooled…

If you’re even thinking for a second about voting for a Republican, then you are a fool.  You’ve been hoodwinked and you don’t even know it.  You don’t know enough about the history of this country to make a proper decision.  You don’t understand enough about economics, moral hazards and deregulation to make the right decision.

It’s not your fault.

For the last thirty + years in this country, we have been told over and over again that what is good for business is good for America.  You know, I feel sorry for Ronald Reagan.  By all accounts, he was a nice man.  Tip O’Neil and him would have beers in the White House after a hard day debating.  He was easy going, soft-spoken and he believed what he said.

But, he was wrong.

Let me explain business to you.  Business isn’t a game, Businesses are not people and they don’t give a damn about you, the environment or your children.  The men and women who run businesses could give a rat’s ass about you.  Sure, there are some few and far between exceptions, but they’re, well, few and far between.

People go into business for one reason: to make money.

That’s it – nothing more.

I love my job, but quite frankly, I am there for a paycheck and health benefits.  If I could support my family by not working, I would.  Don’t get me wrong, I really love what I do and I’m good at it – so I’m lucky, I work a job I actually love, but love doesn’t make the world go around – money does.

Continuing on, what caused the economic crisis cannot be summed up in just one sentence.  There are many factors – predatory lenders, housing bubble, too much credit to the wrong people, deregulation and the list goes on.  But, the jobless recovery?  That’s easy: Companies are making huge profits because they aren’t hiring you.  And, the companies that are hiring, are paying the lowest wages possible.

Because?

Well, it’s easy…Businesses want profits, the higher the profits; the better the business.  The stock market rewards the businesses with the highest profits, by keeping their stock prices high.

Somebody’s getting rich – it’s just not you.

The GOP wants to dismantle the rest of the regulations that keep us safe at work, that help the environment and keep our food safe.  The GOP wants to dismantle the safety nets for the people who do the real work – you and me.  They want to lower taxes on businesses, because they say that will cause businesses to start hiring.

It’s not true.

The GOP wants to continue their destruction of America.

Don’t let them.

Republicans

Republicans should be totally ashamed of themselves.  In the states where Republicans rule, the order of the day is attack public workers and cut funding for birth control or let’s all carry guns and hate gays.

In Congress, the order is let’s not deal with the President on the debt ceiling (or anything else for that matter).  They’ve learned that a failing Congress usually gets Republicans elected.  If they “do nothing”, they can blame President Obama.  Except this time, they’re wrong.  Failing to act can mean that the US will default on its loans.  This not only ruins our economy, but it can take down the rest of the world.  Think about it, Europe is panicking because Greece might default and Greece is only worth 2% of the European economy.  Can you imagine what would happen in the world if the US defaults?

Worse than that, President Obama has handed the Republicans nearly everything they want – including major cuts to Social Security and Medicare – and they want to take their football and go home.  They are playing politics with our futures and the futures of our children and they’re turning their backs on $3 trillion dollars in spending cuts.  $3 trillion.  And, all because they want to protect the richest people in the nation.  You know, the ones that have summer homes and take expensive vacations, while the rest of us are struggling to pay our mortgages.  The ones who can afford to take Paul Ryan out for dinner and order two bottles of $350.00 wine, while complaining that liberals don’t like rich people.

Even Warren Buffet thinks the rich don’t pay enough in taxes.  I’d like to take this opportunity to point out that the rich and wealthy are paying the lowest amount in Federal income taxes since the 1950’s and, yet, they aren’t hiring.  Imagine that.  The real problem in this country are companies that make huge profits and do not hire anyone, along with the ones that close American plants and open ones overseas.

Meanwhile, Republicans are attacking Planned Parenthood – God forbid a woman is able to buy birth control at a low price – and Presidential Candidates are signing pledges against individual rights.  Lincoln freed the slaves, but he would never get elected now if he supported marriage equality.  Roosevelt supported the protection of our national parks and resources, but Republicans would kick him out of the party.  Nixon supported clean air and water and created the EPA, but these Republicans of today consider it a hindrance to make sure we have clean air to breathe and good water to drink.  Even Reagan raised taxes – twice – but the Republicans of today have rich donors to their campaigns to support.

Republicans have a long and proud history of doing good in this nation, but this modern breed of them are a huge disgrace to the Republican past.

What happened to the Republican Party that supported individual rights?  Where did the reasonable Republicans go?  They certainly aren’t here.

Harley-Davidson – Leaving Milwaukee?

In the news this morning is an article – rumors of which I’ve been hearing about for months – that Harley Davidson wants to move their operations to another state.  (The rumors I heard was they were moving to Canada.)  At issue is the company’s desire to “cut millions of dollars at the factories that build the bikes”.  According to the article, they plan on making their decision within the next two months.

Also, according to the article “The company, he (Harley chief executive Keith Wandell) said, would also be open to incentives to keep the 1,630 manufacturing jobs in Wisconsin.”  I’m sure those incentives include tax breaks paid for by us – the taxpayers of Wisconsin.

And, is Harley-Davidson suffering?  Are they about to go broke?

Not according to their financial report:

“Harley-Davidson, Inc. (NYSE: HOG) reported second-quarter 2010 income from continuing operations of $139.3 million, or $0.59 per share, compared to income of $33.4 million and earnings per share of $0.14 from continuing operations in the year-ago quarter.”

Granted, sales of Harleys are down, but with the economy suffering as it is – isn’t that to be expected?  Harley-Davidson is the best motorcycle in the world.  Their sales will bounce back.

I don’t want to see 1,630 of my fellow Wisconsinites to be out of jobs, but do we really want our state to bend over and give incentives as a bribe to keep them here?

I know what’ll happen.  Our cash-strapped state will give in, save those jobs and the tax payers of Wisconsin will pay for the privilege of having Harley-Davidson motorcycles built in Milwaukee.

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