Stephen McCann a classic plutocrat and contributor to the site American Stinker and the site linked to the magazine, American Spectator, sits on the Stinker pot and performs the rectal birth of a tract so full of lies even the lowest of parasites might have to bring out the lie detector. Compensated at a rate of a mere 4.5m a year, Mr. McCann gets passive into that very narrow canal of American mogul-lovin’. Sitting firmly within the top 1%, possibly the top .01% of wealth holders globally, the Australian McCann we’re sure gets a big BFF ranking from the plutocrat class here in the states.
So onto his scribbles from the
war room water closet and why we should really give a damn what he says anyway. First off, its worth pointing out that although McCann sits in his house on the near bottom of the globe where our winter is his summer, he seems awfully disturbed by certain sectors of the American population known commonly as the “left”.
Yeah you all you pro-choice, tree hugging, union thug, anti-racist, anti-war leftists, this fine gentleman is fed up with your anti-austerity politics you hear? He’s had it with your desires for justice and equality and wants you to grow up and practice some good old austerity. Concerned as he is with the
deficit in the United States … er… his portfolio. He’s sick and tired of “The Childishness of the American Left” and he’s going to tell you why.
The American left is the most self-indulgent, arrogant, and spoiled group of people on the face of the earth. They live in a nation facing national bankruptcy and societal upheaval — a country presently subsisting on the residue of past economic achievements. Yet the only things that matter to them are their lifestyles and imposing their self-determined superiority on rest of the American people.
Social upheaval? Could it be the social upheaval of a population sick and tired of the 1% wealthiest “imposing their self-determined superiority on the rest of the American people”? Seems to many of us here in the US that once an economic system existed wherein at least there was some hope that a rising tide would raise all boats. That with the work of the left through government regulation and correction, social inequities would soon begin to disappear and anyone, a person of color, a woman, a disabled person, could as the old saying goes, capture the American Dream by working on a finally leveled playing field.
But as we all know now, the job of straightening out 300 years of socialized inequality takes some sacrifice from everyone and we’ve had our share of resistance. Us lefties always do after a while tend to get all misty-eyed and go on about hard to quantify issues such as racial justice, gender equality and LGBT rights, worker’s rights and a clean and healthy planet. We on the left have known for quite some time that the existing system favors a certain group of people and we have tirelessly pointed this fact out. Basically many of us figured out after about 5th grade that the Land of the Free we learned about ain’t exactly free for a large portion of the population.
Unlike the minority who upon their birth are cloistered among nannies, private schools, Ivy League colleges and a nice inheritance, the majority of people in this country live quite modest lives. We on the left selfishly have worked tirelessly for little money (because where do you think money comes from?), to champion causes not particularly popular with the ownership class.
We have repeatedly marched down streets, sat in halls, picketed and boycotted businesses to protest the sending of our young people to die for the myriad wars that benefit only the 1%, protested and worked toward changing injustices from gay rights to women’s rights, from working against racism, to saving the planet from industrial destruction, all in the name of that selfish idea; justice.
Do we have a superiority complex? Possibly, if one equates having a sense of fervent duty to the social contract of humanity; yes possibly if one takes seriously the precept of the prophet of our Christian based culture; “Do Unto Others As You Would Have Done Unto You” All this while swarmed by a capitalist campaign of mass consumption, exploitation and greed. We on the left have worked tirelessly to draw attention to how global capitalism exploitation kills humans and the planet.
But let’s take our lesson from Mr. McCann and hear about his concerns about the debt and the GDP; essentially his global balance sheet shall we? First McCann draws our attention to an NPR interview:
The true indebtedness of the United States now exceeds $222 trillion. Appearing on National Public Radio in August of 2011 Professor Laurence J. Kotlikoff of Boston University said:
If you add up all the promises that have been made for spending obligations, and subtract all the taxes we expect to collect, the difference is $211 Trillion. This is the fiscal gap. That is our true indebtedness.
Since that interview, the indebtedness has increased by another $11 trillion.
Well it seems the kind professor was making an effort to point out that with falling revenues from tax cuts, funding wars will drain the treasury. Tax cuts for the wealthiest Americans became all the fashion when Ronald Reagan proved just how easy it is to fleece the American people as long as you lie to them enough. So easy that H.W. Bush and Bush the Younger have pushed the envelope further not only cutting taxes for their buddies but also borrowing to finance some major military adventures. So again the professor points out that when the boss cuts your pay, going to Disneyland may not be such a good idea.
But let’s take the boss analogy a step further. When your boss learns that you’ll work just as hard on $7.25/hour as you would on $15/hour, especially if he promises you get a ticket to Disneyland, do you think he’ll go back to $15?. Nope, you’ve just got suckered. Boss got just as much work out of you for less and what’s more he didn’t bother to tell you he borrowed from your pension fund to pay for those tickets to Disney, what a deal!
Then further down, McCann rails about the GDP versus expenditures. The fact is, just looking at the GDP fails to consider so many other factors that have caused the largest economic slump since the Depression. As is detailed on a page here a bit back, McCann doesn’t bother to tell his dear readers that while the GDP has failed miserably, corporate earnings have multiplied upward for the last three generations, while earnings growth for those who work for a wage has stagnated since about 1979. Also McCann fails to mention that those who possess high wealth have enjoyed as much as a 200% or more increase in their portfolio value at the same time.
So in summary, tax cuts sent the money into the hands of the plutocrats, cuts in services such as housing, poverty programs, cuts in agency funding, cuts in education funding also sent more money to the plutocrats which for some reason never came back home. All the while corporations learned that lay-offs reward richly (and thus rewarded their CEO’s thusly), temp labor is a pip and people will work for dogs on mere promises. Add to that the people’s gullibility for tall tales about scary hordes that must be brought down by fancy artillery and young Americans’ lives and you’ve got one heck of a mess.
Now Mr. McCann, being only human can’t help but look a gift horse in the mouth. As if fleecing the American and global population hasn’t made him rich enough, he’s now concerned about the possible collision of the health of his portfolio with the health of our nation.
Yet these estimates do not include the full impact of ObamaCare, which could add another $17+ trillion.
Now taking away the fact that McCann seems to think that Americans don’t need affordable healthcare like Australians enjoy, let’s just focus on his concern about our fiscal health shall we? Wait what’s this? All over the internet sites figures keep quoting the CBO and its research that purport that in fact, the ACA will reduce the deficit by $210 billion, not increase it. So in other words, McCann is either very poorly informed or just telling lies because he doesn’t think we should have public healthcare like his homeland does. We’d suggest that McCann follow the old rule; those who live in glass houses shouldn’t throw stones. Oh, Australia doesn’t fund healthcare for rich guys, oh well.
On the other side of the ledger: the annual Gross Domestic Product (the value of all economic activity in the U.S.) is $15.6 trillion. The indebtedness to GDP ratio is a staggering 14.2 to 1 and guaranteed to further accelerate if Barack Obama is re-elected.
See Disneyland borrowed on your pension fund. We explained that already. Mr. McCann hopes to impress and bamboozle his readers with statistics and figures that really say the same damn thing no matter how you turn them around; the rich guys spent all our money and borrowed to the hilt for whatever our paychecks couldn’t cover. Pretty simple; you spend more than you making, you going to end up bankrupt.
The United States is not facing bankruptcy, it is bankrupt. The primary factor that has kept the nation afloat over the past four years is that the dollar, albeit temporarily, remains the world’s reserve currency, thus allowing the Federal Reserve to print enormous sums of money to cover the Obama budget deficits and flood the global market with near worthless cash. Today it requires $100.00 to purchase the same goods $10.00 purchased in 1950.
Firstly, the Federal Reserve does not print money! Contrary to popular belief, the Fed is not some super-secret club full of special presses stamping out benjis to add to the “money supply” as they please. So we can dispense with this quickly and move on, please see the following comic made up by the Fed in an attempt to dispel ignorance.
Comparing the value of the dollar today to its value in 1950 is much like picking up
Oh do we need to go back what was good in 1950 compared to today? Like the fact that nearly 50% of American workers were union members? That save for the social inequities that still existed, many people enjoyed a prosperity most young Americans cannot even imagine today. Taxation was progressive and effective with the top tiers paying as much as 90% of their income, so revenues were high, wages were healthy and what’dya get? A healthy economy! Infrastructure expenditures were up, employment rose and the standard of living in the US rose for a large majority of Americans above nearly the entire world.
Increased indebtedness due to wars funded on borrowing, money policy that shifted wealth from the commoners to the elites and the resulting bust in GDP growth among the population that depressed revenues and consumption seems an indication of selfishness, but of the leftie kind.
As a further comparison, the total annual GDP of all the countries on earth is $70 trillion. The American indebtedness alone exceeds that amount by a factor of 3 — which contributes mightily to a world drowning in debt and facing an inevitable debt crisis and financial collapse, which will trigger a massive global depression.
Thanks again in large part of levering of the American economy by the elites on the backs of the working people who have seen their share of the pie steadily decrease even though their production has rivaled other first world countries for decades.
Currently, just 58.4% of the civilian population is employed, as compared to 64.3% twelve years ago. Factoring in the growth of the population during that period, this drop represents over 22 million Americans unable to find work. Since January 2009, 74% of all new jobs created in the U.S. were in the lowest-paying sectors of the economy, thereby stifling any chance of upward mobility and growth in median income which has fallen by 9% since January 2009, and average household wealth that has declined by nearly 40% over this same period. This failure is a byproduct of a tsunami of government regulations, mandates, and taxes which has nearly destroyed the innovation and business and job-creation that made the American economy so vibrant over the latter part of the 20th century. That innovation has now moved overseas, along with over 7.5 million high-paying goods-producing jobs since 2000.
Another patent lie, since the 1980’s government sectors on all levels have suffered massive cuts and laws that regulated finance, commerce and trade have been modified to favor corporate growth over national growth. Couple that also with the outsourcing of the white color and blue collar sectors then mix in outflows of investment dollars to those offshore operations and you have decreased consumption within the US market as workers’ buying power decreases, increased outflows of revenue from the what production remains (as it flows upward and not into worker’s pockets) into the coffers of tax-free havens, off-shore trusts, third world sweat-shop factories and overall global manipulation of labor, finance and government regulation. Whew and McCann calls us selfish for bitching about it?
The reaction of the self-described progressives to this dire scenario? Sweep the facts under the rug or ignore them completely, as it appears that the most important things in their lives are the legalization of gay marriage, free contraceptives and abortifacients, worshiping at the altar of extreme and discredited environmentalism, mocking and undermining all organized religion (except Islam), and telling the American people what they can eat, where they can live, what may be taught in their schools, how they must operate their businesses, and what health care they can access.
Au contraire Mr. McCann, while the left has beat the drum of reigning in the cowboy plutocrats, ending the wars, regulating off-shoring, stopping the trade treaties that favor global corporatism and bringing back a truly progressive taxation strategy, the right wing has gone on an endless campaign of distraction by fighting gay marriage and rolling back women’s rights to bodily sovereignty. We didn’t choose to put these issues front and center, the Republicans did and we have been forced 24-7 to fight these battles on basic human rights, while the economy suffers global moguls continue to rake in the money.
Yes, Mr. McCann we bleat on and on about the importance of an educated and healthy population. We voice and express concerns about how exploitative capitalism, on which your portfolio and business model relies, has caused irreparable harm the planet we call home. But we know, worrying about an endangered planet and humanity causes your portfolio to wilt like you probably do when you’ve run out of Viagra in the middle of the deep blue on your shiny yacht after your escort has finished dictating for you.
To the true believers on the left, re-electing Barack Obama is not a matter of what is or is not good for the country; rather, for the majority on the left, the primary motivation is geared solely toward defeating their sworn enemy: conservatives and Republicans, whom many falsely believe are a right-wing horde determined to create a theocracy and impose old-fashioned morality. But what they fear most from the right is a determination to reinstitute unfettered individual freedom and concomitant economic growth, which would relegate the American left to the back bench of American society.
Yeah we got it. Apparently McCann seems to have a misunderstanding of American history? We’re not going to the back of the bus as much as the GOP, Tea Partiers and others wish. In fact, its pretty clear the country is changing and electing a black president only constituted the beginning.
Thus, to them, what the policies of Barack Obama and his radical minions are doing to the long-term fate of nation is immaterial as long as Obama regurgitates his support for the various causes that are near and dear to the coalition that makes up the left. There are two common threads to the belief system of American progressives: 1) an omnipotent central government controlled by them, and 2) an assumption that there is a bottomless pit of money to be siphoned from an equally bottomless pit of wealth. But this is not the same nation that experienced unprecedented prosperity from 1946 to 2007. It is not the same nation in which these narcissists on the left grew up, never knowing national adversity or trauma.
1. Yes, we do in fact represent every single portion of humanity not represented by the guests on your yacht Mr. McCann, yes we do in fact believe that the government’s role is to put selfish pricks like you where you belong — in the palm of our sweaty, hard working hands.
2. We do indeed see a bottomless pit of money — our money that we worked damn hard for that you stole from us through your wrangling and perverting our government to allow you to extract every penny from our efforts and give as little back to us as possible.
And we also know that the national prosperity has been in decline for us ever since your patron saint, Ronnie Reagan took office here and began to strip every single protection from greedy, self centered, hypocritical plutocrats like yourself. We’ve suffered enough trauma under the reign of the greedy and we’ve had it.
The manner in which these progressives, and their titular leader Barack Obama, are conducting themselves in the current campaign season is indicative of their arrogant and immature mindset. To the vast majority on the left, this campaign is merely a game played out on the playground of American politics, wherein they childishly engage in name-calling and temper tantrums reminiscent of spoiled brats determined to get their way, regardless of the consequences.
Well, to the vast majority of Americans this playground is ours and its our damn business how we play it out and we’d like it if global moguls like yourself keep your filthy paws out of our political and electoral business. We are indeed determined to get our way but it seems last we knew, the bamboozled foot soldiers of the plutocracy were the ones throwing the biggest temper tantrums about having a Kenyan born Islamic black man chosen as the president of their whites-only fiefdom. But like most spoiled brats, you people just refuse to take your marbles and go home to cry to mama, nope, instead you have to put millions into SuperPACS and keep trying to play petty games with our political system to feed your own selfish desires.
It is time to grow up and understand that the America that could absorb all the excessive spending, promises, and left-wing fun and games is no more. This nation cannot survive on its present course, and if that course is not dramatically reversed, those on the left will suffer as much as if not more than the bulk of the American people they are trying to rule. History has shown repeatedly that when an overwhelming political and social catastrophe strikes a nation, the people turn against the ruling class, often with a vengeance. In the United States, that ruling class is presently dominated by the American left.
You’re absolutely right Mr. McCann, the country can no longer continue on this course. Scientists say if we don’t make radical life style and consumption changes we may not have a planet worth living on in another twenty or thirty years. History has indeed shown repeatedly that when aristocrats and their inbred offspring are allowed to run things, they tend to make a big damn mess of the house and leave the adults to come and clean it up. The clean up time has begun and we’re ready to evict you and your lying friends. Thanks for playing Mr. McCann, there’s a spot in the back of the bus for you.