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Tuesday, October 25, 2016

Five Issues That Right-Wing Billionaires Would Prefer You To Ignore

Mike Lofgren is a self-described “GOP operative who left the cult.” In his new book “The Party is Over” Lofgren takes an unvarnished view of politics from the right and the left to provide a brutal analysis of a capital crippled by monied interests. In Longren’s recent interview with Truth Out, one quote clarifies much of the craziness coming from today’s incredibly well-organized and ultimately rational right wing:

“I find it very significant, for example, that the Kochs were early funders of Michele Bachmann’s presidential race. Titans of billion-dollar oil industries are, of course, too shrewd and cynical to believe the childish bosh that Bachmann spouts daily, but as a political stooge, she is worth the investment. The more controversy is stirred up about death panels and Muslim infiltration of the government, the less discussion there is, for example, about the tax subsidies for the oil industry.”

It’s easy to become distracted by the shiny mania coming from conservative channels. But here’s a look at the real issues they obviously want you to ignore:

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Copyright 2012 The National Memo
  • Subsidies to oil companies, pharmaceuticals and the insurance industry are outrageous when you consider that these sectors are among the most profitable in our economy. The idea of subsidizing oil exploration, when oil companies post record profits and often have assets that exceed the total GDP of most nations on Earth is sickening. It is even worse when you consider that the recipients of those subsidies then turn around and use every pretext to raise gas prices. We are, in effect, helping those who are putting the screws on us! The Keystone pipeline will not generate the thousands of jobs the GOP is advertising. I spent 12 years in Venezuela in the 1940s and 50s when oleoducts were being built to transport oil from remote oil fields to storage locations and ports. Once those pipelines were built only a small number of workers were needed to inspect them and repair them as necessary. Political rhetoric notwithstanding, our economy is not as bad as people think. Our GDP is second to none, the stock market is booming, and 4.5 million jobs have been created the last 2 years. Why should we sacrifice our environment to transport Canadian shale oil to the Gulf for export to other countries? This article is right on the money, the answer to my rhetorical question is to share that pipeline to transport domestic oil from the Bakke oil field in North Dakota to the Gulf for refining and export thanks to taxpayers generosity. Don’t expect a Thank You note from the Koch Brothers…

    • jarheadgene

      Nicely said. I was so disgusted by Senator McConell(OIL Companies puppet) and how he was screaming about ALL the jobs the Keystone Pipeline would create. And then all the GOP uninformed voters believed him and tried to make such a big deal about it, and that it would be OIL for OUR use….AS IF. Then the next thing was Blame the President for the holdup of construction. ONE of, if not the biggest holdup, was AMERICAN’s trying to hold on to THEIR OWN LAND. In Nebraska BIG OIL bullied their way into that state’s political machinery and got them to claim eminent domain for the pipeline. So protests law suits and everything else brought things to a screeching halt for a while. Both Parties suck but the GOP is so far away from the common middle class, and they lie to make many middle class people believe they are protecting their interest. I guess if my antecedent for “THEIR” in that sentence was the GOP ….then I guess they’re telling the truth. The GOP is only out to protect the KOCH bros. and those they would make kings.

    • Romneyhood Will Make Them Even Richer And It Will Make The (8% Even Poorer!!! And They Got Their Eyes On Getting Rid Of Social Security, Medicare, Medicaid All Programs That Helps The 98%!!! Money Hoarding Bastards!!!

    • Also The Fact That Romneyhood Is The Problem America Has Been Having, Cause He The King Of Stripping And Shipping!!

  • ARepublicanNorthlandGrad

    Redirect the pipeline to Superior, WI and refine it here and it will stay here, not go to Japan. Create jobs here, and I don’t remember the last time we blew up our refinery and caused prices to go up.

    • Ed

      Well, the North Slope oil from the Alaska Pipeline goes to japan. We already are an oil exporting company. Yes we do import oil from Saudi Arabia; it is called “sweet and light” and is so cheap to refine it is virtually pure profit! The Reagan administrration tried to develop american wells and the oil companies refused because they were too expensive.

  • Their Want You To Ignore All The Things They Are Against Are The Very Things Put In To Law For The Middle Class And Poor Working People!! And The Fact That All The Things They Are For Will Make Them More Money And The Rest Of The 98% Poorer Than Ever!!

  • ObozoMustGo

    Looks like this leftist freak, Jason Sattler is the useful idiot du jour quite frequently. But, it’s just more….

    [keep reading. I keep updating]

    This crap is just slight of hand employed by the useful idiots at The Memo and the Obozo campaign propaganda machine called “the media”. All of this is designed to take our focus off of the failure of Obozo. Obozo the utter Failure-in-Chief who cannot talk about his record so the useful idiots at The Memo try to distract us from what is really important in this election year… Obozo’s record of failure.

    BH Obozo has had a sum total of 1 (one) success. Ordering the killing of OBL. That’s it. There is nothing else in 4 years. Nothing. And even that isnt really as big a deal for him as it is for the soldiers who actually did the mission. But the narcissist-in-chief is always quick to claim credit for himself.

    Lets take a look at some of Obozo’s other “successes and accomplishments”…….

    1) Obozo comes into office $10T in debt. 3.5 years later, $16T in debt
    1A) Obozo is first President in American history to be so fiscally irresponsible that he and his DemocRAT Congress caused US Credit Rating to be cut. Nice accomplishment Mr. Obozo!!!
    2) 2 years complete control of the government. NO budget as required by the Constitution. Still has no budget. The one budget he presented that was actually voted on by the Senate went down to defeat by a vote of 97 to 0. Nice work Mr. Obozo!!! THAT IS an accomplishment!
    3) A new bankrupting entitlement program called Obozocare jammed through congress against the vast majority of Americans who were against it (and still are) and with the blessings of the idiot Nancy Piglosi who said “we have to pass the bill before we know what is in it”. Nice work, Mr. Obozo!
    4) Persistent unemployment that has been the worst since the Great Depression, especially among blacks and young people. His administration keeps claiming unemployment is going down, but in reality, they manipulate the formula by reducing the # of jobs available. And then they claim that over 8% unemployment is good! Quite an accomplishment in propaganda, but not economics, Mr. Obozo.
    5) Promises to close Gitmo…. instead, he spends $750K on a soccer field for terrorists. Don’t get me wrong, Gitmo should stay open. This is an example of how stupid and naive Obozo really is. Nice accomplishment, Mr. Obozo!
    6) Gas prices are up 100%++ across the nation. And Obozo is so dumb he actually believes that increasing supply has no effect on prices… what an idiot! Blocking EVERY permit that has come before his administration and blocking pipelines that increase supplies does HAVE consequences, Mr. Obozo. Gas prices are through the roof! Nice going Mr. Obozo!
    7) Real inflation rates are close to 8% or higher. Who measures inflation without food and fuel??????? Obozo does! Another strong achievement in propaganda, Mr. President!

    [the following items 8 – 11 are about Obozo’s failed PUBLIC EQUITY business]
    8) SOLYNDRA!!!!!!!! need I say more? Nice job paying off your rich buddies who bundle campaign cash for you, Mr. Obozo! You can probably count on some of those dollars coming back to you. wink, wink!!
    9) SOLAR TRUST… another BILLION DOLLAR boondoggle in your attempt to play venture capitalist with taxpayer money that actually goes to your FAT CAT financier friends who are big donors. Nice money laundering accomplishment, Mr. Obozo! Should I say more? OK.. I will…
    10) ECOTALITY – Another “green” Obozo investment disaster. Obozo gave them $115 MILLION. The SEC investigates fraud at the company. While that’s going on, Obozo gives them another $26 MILLION…. What an idiot! Nice accomplishment Mr. Obozo!
    11) Fisker Automotive – yeah, that company that you gave $200MILLION to so they can build cars overseas, right? Great job creating jobs overseas, Mr. Obozo, you friggin clown!
    12) Fast and Furious!!!!! If this was a Republican Admin, all of you nutjobs that write on this web site would be going justifiably ballistic!! It would be the lead story on ABC, CBS, NBC, MSLSD, CNN, etc. etc.
    13) Same with the crook Jon Corzine. He steals $2B in client money, much of it farmers money, to cover his own bad bets. Then he gets to continue on raising money for Obozo like nothing ever happened. Where is Eric The Incompetent Holder? ……… crickets………. crickets……….. crickets………. Thought so!
    14) 88% of Americans say they are spending way more on groceries now than we were 4 years ago.
    15) 50% of Americans have had to give money to a relative at least once to help them get buy in the past 4 years.
    16) 47 MILLION Americans are on Food Stamps, and that number is growing quickly. In fact, Obozo has created more dependency than any other US President in history. Nice accomplishment, Mr. Obozo!
    17) Obozo was caught bribing Joe Sestak to NOT run against Specter. A clear felony. What is Eric “The Incompetent” Holder doing about it? Crickets….. crickets….. crickets……
    18) It has now come out that the Obozo had close ties with the New Black Panther Party and even marched with them at Selma in 2007. A few NBP thugs intimidate voters and the DoJ, after hearing from Obozo, decides to drop an open and shut, slam dunk case of voter intimidation which was CAUGHT ON TAPE!!! Hmmmm… why was that case dropped? Anyone care to venture a guess? Corruption from the thug-in-chief yet again.
    19) The “anti-war president” took troops in Afghanistan from 30K to 110K. The anti-war president that promised we’d be out of Afghanistan by July 2010. The anti-war president that took a war where only 400 Americans died in 8 years under Bush, and now 1700 have died under Obozo’s “leadership” in 3.5 years but which the media stays silent on that one. What happen to the nightly body counts on the news under Bush that seemed to have disappeared under Obozo? Body count goes up, media goes silent. Hmmmm… Nooooooo… they’re not in the tank! No way! You leftist freaks are hypocrites of the worst degree.
    20) Obozo Regime WAGES WAR ON US MILITARY AND THEIR VOTING RIGHTS. What a piece of shit this guy Barak Hussein Obozo guy is. How is it possible that a sitting president would sick his thugs at DoJ on our own military? Obozo is a despicable piece of human garbage and he should be thrown out just like scraps from the table.
    21) Obozo Regime f#%ks 20,000 employees and retirees of Delphi by stripping them of their pensions so that they can pay off the union thugs. Documents obtained now show that Turbo Tax Cheat Geithner personally was involve is this screwing of middle class workers at the direction of the messiah Obozo. How can anyone support Obozo the loser unless they are the most committed leftist freak?

    I’ll continue to refocus the discussion on what is important and not these foolish smokescreens the left throws up to obfuscate Obozo’s true failure as a socialist in the White House.

    Have a nice day!

    • Sam

      Yawn ! Romney = “I believe in an America where millions of Americans believe in an America that millions of Americans believe in. That’s the America I love”. Hello ! Mitt ! Were you listening to yourself there ?….Oh, and ‘arschloch, I don’t read past two misspellings in the first four or five lines. “slight” ?! “du jour” ?! : Clear indications of deficient education ! Go back to school…..try ‘anger management’.

      • ObozoMustGo

        Sam… would that be the same America that has 57 states?

        [click image to enlarge]

        Have a nice day!

        “By rendering the labor of one, the property of the other, they cherish pride, luxury, and vanity on one side; on the other, vice and servility, or hatred and revolt.” – James Madison

      • highpckts

        No,no! He’s allowed only the education his parents can afford! Probably a public school partly subsidized by the government and judging from his name calling, he seriously needs anger management!!

  • Ed

    Well many defense contractors(but not their bosses) can just live in the countries they have been “operating in”. As for subsideis, this nation has subsidised corporations and BiG Business. since it’s founding; also “small business’if you think a xompany with 500 employees is small business.

  • labrown69


  • Anyone who makes less than 1 million a year in income who votes Republican has just voted against their own interest! In addtion to putting corporations and profits first; they want to make sure that the money stays in the hands of people like them! That is why they want to eliminate student loans and eliminate the Department of Education. Candidatte Romney even said – you should only get the education your parents can pay for.

    • rmarqua2921

      Joan do you have the information on that Romney quote! When and where did he say that! That is soooo Romney!

      • Edsanjuan

        rmarqua: You are so naive !! OF COURSE Joan does NOT have the information on that Romney quote …. because her (his?) desperation at what is going to happen come November 6 is so great that it makes her say things that are just not true (so, what ELSE is new?)

  • There are a lot of mistakes, mostly misspellings, in this article, but, the point still holds: the GOP want to continue what I’ve called the “Reverse Robin Hood” fiscal policies to which I’ve been referring for more than a year now; only truly stupid people believe that “trickle-down economics” canard. Nearly all of those stupid people are poor and middle-class white people who donate to and vote for the GOP. Regarding the “defense cuts”: if the defense contractors simply limit to a small amount administration costs, that would cover most of the cuts; even the proposed defense budget for calendar year 2013, after the cuts, will still be a record, more than $600 billion….that’s correct…$600 billion in defense spending in just one year! That’s more than the next 19 COUNTRIES on the list of defense spending rankings; only elitist, greedy and fascist bastards would make deep cuts to employment of defense contractors. It’s not the employees that are the problem; it’s the war profiteers and their pathetically high degree of avarice. The fascist and freeloading wealthy and big corporate welfare queens have hoarded enough money already; either they start doing what they’re supposed to be doing with the money (rich: invest in USA; big corporations: hire people) or it’s well past time to significantly raise taxes on them. Big corporations have hoarded more than $2 trillion and the wealthy have hoarded around $1 trillion. Economists will tell you that, if you hoard and take out that much money from the economy, the economy is going to suffer. Start hiring people and investing in the USA, FFS, you freeloading wealthy and big corporate bastards! 🙁 ssmdh

  • ObozoMustGo

    Now we have proof that the useful idiots at The Memo are, in fact, ANTI-SEMITES! Going after people who are successful just because they are Jewish! Disgusting!! And of course, it’s the latest addition to the cadre of useful idiots, Jason Sattler…. It figures!

    Have a nice day!

    [click to enlarge image]
    Plug the damned hole!

    “Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon. – Winston Churchill

    • rmarqua2921

      You know Obozo I am so over your negativity about my country! Time for you to shut up, and if you don’t like this country and what is happening move! After watching the Olympics and seeing the multitude of young Americans display their skills and dreams come true…people like you need to go away! You no longer have any place here! My America is doing just fine and I have a great deal of hope for it…Obama 2012! He will turn loose these incredible young people on a world that needs hope! Romney and all his billionaires can go “suck a pickle!

      • ObozoMustGo

        aaaaaahahahahahahahahahahaha!!!! What a moron!

        Here’s the real definition of HOPE!
        [click image to enlarge]

      • highpckts

        Ditto to Obozo!!

    • rmarqua2921

      I think we can do very well without their money!

      • ObozoMustGo

        rmar… you’d love North Korea… nobody there has any money…

        You are a moron, dude. A total moron.

  • OneNation245

    Where are you peoples’ minds? Did you check your brains at the door? Do you people contribute to this society or are you democrat takers and socialists hell bent on destroying the Entrepreneurs? The Democrat Party has become the party of haters, bigots, takers and Big Government. Our country was built on captialism and companies who provide jobs, build the middle class, pay the largest tax bills so you bunch can suck at the teat of the producing few of this country. Why are you so jealous of other’s success? Get off your butts, spend the money and the time to be a business owner and then make intelligent comments like a True American. This country has taken a Great Educational Institution and destroyed it by not educating our citizens on our Republic and what it means to be a responsible citizen. Your kind always destroys the roots of hardworking Americans. Your kind destroys Great cites like Chicago, Detroit, Washington DC. Your kind regulates mankind out of freedom and creates hardship, hate and mistrust.

    • highpckts

      Excuse us?? That is the kettle calling. The pot black!!

  • bigspender7

    How stupid would you have to be to give money to Michele Bachmann? Yet the Koch bros are probably not stupid. So it must be the right winger working people in this country who just can’t see how they’re being hosed by these quasi-criminals. Pray for tea party extinction.

  • rustingdreams

    Bozo, since you love to quote, here’s one for you and your candidate Gov. Romney: “Better to remain silent & thought a fool than to speak out & remove all doubt”. Unfortunately, it’s way too late for both of you. But why don’t you give it a go anyhow? You have a wonderful day as well!

  • dggrundhoffer

    Nice to here the truth. Deregulation allows the rich to get richer. I thought greed was one of the deadly sins. You can not take it with you. The right is not moral . They would sell their mother for a profit!!!