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Leo W. Gerard

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The 99% Seek a Just Economy, Not Just an Economy

Posted: 10/24/11 11:57 AM ET

Republicans jammed together a mess of old, failed and vague schemes and called it a jobs bill. Sen. John McCain conceded the reason for the rehash: "Part of it is in response to the president saying we don't have a proposal."

They still don't. This despite the fact that they promised voters during their campaign to take control of the U.S. House one year ago that they'd create jobs. That they'd focus on jobs. That nothing was more important to them than jobs.

Now, what they've offered instead of actual jobs is a polyglot of GOP talking points. It's certainly no vision to move the country forward. It's a plot to set the country back - to repeal the health care law that will soon help provide coverage for the nearly 50 million Americans without insurance, to rescind the Wall Street reform law designed to prevent another financial sector-caused meltdown, and to thwart regulations, like those that stopped distribution of listeria-infected cantaloupe that killed 25.

GOP Sen. Rob Portman of Ohio called the Republican polyglot a "pro-growth proposal to create the environment for jobs." It is, in fact, a pro-business proposal to permit corporations to destroy the environment for humans.

It is another GOP ploy to appease, accommodate and absolve corporations. It is another GOP ruse to firmly establish in America an economy designed for, dedicated to and directed by corporations rather than a just economy controlled by and beneficial to the 99 percent.

Republicans offered up their "Jobs Through Growth Act" mishmash after the GOP minority in the Senate wielded the filibuster again to block a vote on President Obama's $447 billion American Jobs Act, a measure that even Republican economists determined would create 1.9 million jobs and reduce the nation's aching 9.1 percent unemployment by as much as 1 percent.

The Republican measure, by contrast, could hurt the economy, according to Gus Faucher, director of macroeconomics at Moody's Analytics, an independent firm whose chief economist advised the McCain presidential campaign. Here is what Faucher said:

"Should we look at regulations and make sure they make sense from a cost benefit standpoint? Certainly. Should we reduce the budget deficit over the long run? Certainly. But in the short term, demand is weak, businesses aren't hiring, and consumers aren't spending. That's the cause of the current weakness, and Republican Senate proposals aren't going to address that in the short term. In fact, they could be harmful in the short run if the focus is on cutting spending."

Of all the Republican proposals, the most insidious, the most dangerous, the absolutely most outrageous is their demand to roll back Wall Street reform, to repeal the Dodd-Frank Act that was passed in an attempt to prevent recurrence of the 2008 financial collapse that destroyed the U.S. economy and caused the highest levels of foreclosures, unemployment and misery among the 99 percent since the Great Depression.

Go back, the Republicans are saying. Go back to 2007 when Wall Street financiers sold worthless mortgage-backed securities to unsuspecting investors, contending with a straight face that these were assets. Go back to 2008 when these firms made hundreds of millions betting those securities would fail. Go back to 2009 when the banksters, bailed out by taxpayers, awarded billions in bonuses to the executives who'd gotten the firms and the U.S. economy into so much trouble. Go back to early 2010, the Republicans are saying, before Obama signed the Dodd-Frank reform act, and allow Wall Street to do it all over again. Reprise unfettered, irresponsible Wall Street, the Republicans demand.

For Republicans, it's all about enforcing freedom for the few - allowing corporations and millionaires to do whatever they want. No matter what that means to the freedoms of the 99 percent. The GOP demand for repeal of health care reform is another example of that. Already, this law has expanded health coverage for a million young adults because it allows them to remain on their parents' plan until age 26. It has also helped 1.2 million senior citizens afford their prescription drugs by beginning to close the "donut hole" during which they must pay.

Still, Republicans want to get rid of that law. They want to regress to those free-for-all days when health insurance corporations could make unlimited profits from illness, deny coverage to those with chronic illnesses and terminate coverage when policy holders got sick. They want those young adults dropped. They want senior citizens to pay more for their prescriptions again. For Republicans, it's all about enforcing freedom for the few - allowing health insurance corporations to do whatever they want. No matter what that means to the freedoms of the 99 percent.

The Republican rebuke of any attempt to control the 1 percent is highlighted in their "jobs bill" by its call for a regulation moratorium. No new rules! The country is in the midst of the deadliest outbreak of foodborne illness in 25 years. Twenty-five people are dead. A total of 125 people in 26 states have been sickened by listeria-poisoned cantaloupe from Jensen Farms in Holly, Colo. One sickened woman suffered a miscarriage. The U.S. Food and Drug Administration (FDA) says more illnesses and deaths may occur over the next several weeks.

If the Republicans got their way, the FDA would be unable to write new regulations to prevent another such incident. It's fine with the GOP that Jensen had hired its own inspector, a firm that certified the Jensen packing plant fine and dandy just before listeria-tainted cantaloupes killed 25 and just before the FDA found numerous, obvious violations.

That's because the Republican precept is: an economy just for the 1 percent.

 

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HUFFPOST PUNDIT
den1953
The best politicians are for free!
11:05 AM on 10/25/2011
I am beginning to think Americans that fall into the 99% Americans should abandon corporate America and begin a barter system and let corporate America go away from it's on greed, when other Americans need work done on their homes or small business trade your skills. Grow your own food, manage your consumption of gas and alternate, live your life like Republicans and Corporate America wants you to, if you are self dependent does it matter if Washington wants to to be poor, pull your money out of the large banks and watch them fall along with Washington, seek out which candidate is for Corporate America and vote them out!
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09:44 AM on 10/25/2011
More people would have jobs if they could pass the drug screening. We should make pre-employment testing of drugs illegal. This is an invasion of privacy for something that doesn't even effect job preformance. If drug screening were illegal, more of the 99% would have jobs.
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HUFFPOST BLOGGER
stack
USW Blogger
09:58 AM on 10/25/2011
Alternatively, people could stop using drugs. Sorry, Dana1982, I don't want my bus driver using marijuana. I don't want coal miners and factory workers using any drugs because their work already is extremely hazardous. I don't want my airline pilot drinking before flying.
3RawBob
Gone Paleo: no more raw sugar
09:36 AM on 10/25/2011
The Occupy Movement wants a fair tax. Some millionaires pay no federal income tax. Warren Buffett pays an effective rate of 11%. Obama pays 26%. Most millionaires pay around 18%. Asking all millionaires to pay more does not make it fairer. What is needed is a simple minimum effective income tax rate based on a percentage of Adjusted Gross Income. I would suggest 20%, which is much lower than most middle class income taxpayers pay. Those already paying over 20% would see no tax increase.
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humanbeing-rick
Born in the USA 1947
09:36 AM on 10/25/2011
Labor Unions created the American middle class and a standard of living enjoyed for decades.
The Republicans are anti-union and support the sell out of American industries and workers.
The Republicans only represent the interests of the global elite, the ultra-rich, who do not give a hoot for their country. Globalists have no country, they are global.
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humanbeing-rick
Born in the USA 1947
09:32 AM on 10/25/2011
We are still waiting for our jobs to come back. We are still waiting for our industries to start back up again. We are still waiting for America.
Yet the Republicans continue to puff hot air:
Republican precept is: an economy just for the 1 percent
wbearl
Retired Manager Mechanical Operations
09:25 AM on 10/25/2011
Why is it that, although it is a well documented fact, Democrats have received more money from the rich and companies than Republicans and people like Gerard keep pounding the idea that Republicans cater to big business more than the Democrats. Big money and business do not support political parties, they support themselves. They contribute to both parties so both parties owe them. They will pick the party they think has the best chance to win and give them more. If you believe that the Democrats are any more Saintly than the Republicans, I have a bridge for sale. If you believe everything your Union tells you, have I got a deal for you, trust me.
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09:08 AM on 10/25/2011
Actually we do have a fair economy. anyone who develops marketable job skills, works hard, doesn't watch the clock but works till the job is done, maintains their job skills is going to have a job in this economy. Saving what you earn, investing it wisely will grow your money and you will have a happy retirement. And this is avaiable to everyone.
This user has chosen to opt out of the Badges program
05:06 PM on 10/25/2011
No it is not, that is the illusion. More and more young people are finding that the rungs of the ladder have been removed making the demonstration of the good work practices you describe impossible. You need to be able to get on the ladder to rise to the occasion.
04:59 AM on 10/25/2011
Liberal public policy is the root cause for the social and economic problems facing the country. Why would we want more of it?
General Washington
In the future, I return as Geddy Lee
05:44 AM on 10/25/2011
And how exactly is that?

Especially since it seems the problems started with the moderate policies of Carter, and then the overreaction of Reagan...
06:27 AM on 10/25/2011
You did a nice job of voicing the radical left narrative of "how we got here" General Washington. The reality is that the problems can be traced directly to liberal public policy implemented by Democratic and Republican Presidents since Nov. 22, 1963, the day President Johnson was sworn in as President. A study of the Nixon Administration would be very illuminating in regards to this subject.
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HUFFPOST BLOGGER
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USW Blogger
09:37 AM on 10/25/2011
Exactly how did liberal social policy lead to the Wall Street melt down. It is conservative policy that says let the markets do whatever they want; no regulation!
01:49 AM on 10/25/2011
There will be no justice, economic or otherwise until Americans demand that all lobbying be conducted in full public view on national TV? We pay handsomely the pols who are selling our country out for campaign contributions. At the very least we deserve to watch the spectacle. President would win masively if he made a presidential mandate to out lobbyists. Add your voice for justice and transparency at http://signon.org/sign/out-lobbyists then pass it on.
It costs nothing, needs no change to our constitution, is non partisan ans would be very effective in restoring true democracy to America. Vote now at http://signon.org/sign/out-lobbyists and tell your friends. http://signon.org/sign/out-lobbyists
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09:09 AM on 10/25/2011
You could do more by repealing the 17th amendment.
01:24 AM on 10/25/2011
Occupy Wall Street is is not just seeking economic justice, it is seeking holistic global justice for all people in the apolitical and 'best interest' of humanity. A tough, but timely quest, that should grow with time.

Perhaps the greatest power of this movement is that it is in the spirit of Martin Luther King and Ghandi before him, and it is completely empathetic with the 'Arab Spring' which immediately preceded it. Its roots seem to have sprung out of the spontaneous global sympathies of the millennial generation.

Could it be that hope and change is possible, and 'yes we can' make it happen, in spite of the political obstacles?
05:48 AM on 10/25/2011
I get that you support of Marixian "economic justice". However, I do not have a clue as to what you mean by "seeking holistic global justice for all people in the apolitical and "best interest" of humanity.

Oh, I get it. By "apolitical and best interest of humanity" you mean a one party Communist state. Sorry, it was the "holistic global justice" BS that threw me off.
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09:11 AM on 10/25/2011
"apolitica­l and best interest of humanity" is liberal speak for the equalivant of shiria law.
11:41 PM on 10/24/2011
WE the People (WE Party) just want our voices to be heard. All WE want is what is considered right by 100% of people!

The WE Party Mentors say "WE can make a difference" - "Yes WE can" - United WE stand" - "WE can be the change WE wish to see in the world" - "In God WE trust" - "WE the people" - "WE are the world" - I'm proud to be an AmerWEcan" - "WE are family" - "WE believe" - "WE need a media in this country that covers grassroots movements" - WE shall not be moved" - "All WE want is equity" - "WE are the 100%"
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09:11 AM on 10/25/2011
There's no "WE" in "ME"
HUFFPOST SUPER USER
kamact
Market Observer
11:39 PM on 10/24/2011
Great article,...the GOPers are clearly trying to transform this country into Corperica, a country for and by the corporate elite, TBTF banksters, and the rest of the 1%,...
oilfield
small manufacturing business owner
11:26 PM on 10/24/2011
only 234k a job....what a bargain.
01:29 AM on 10/25/2011
............remember, 184K of that is to pay off the Republican capitalist to get him to agree to create the job. It's a sad, but necessary trade off, and in this particular case, the 1%'er only gets 3.7 times more than the 99%'er who actually supplies the labor. A bargain when compared to typical Republican rip-offs :-)
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just11
occupy everywhere forever
10:52 PM on 10/24/2011
why would the top 1% give up their privilege to exploit and oppress the 99%?
01:29 AM on 10/25/2011
..........to save their arses?
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HUFFPOST BLOGGER
stack
USW Blogger
09:44 AM on 10/25/2011
During WWI, the poor of NYC demonstrated in the ritzy neighborhoods, just like the Occupy Wall Street activists did. Except during WWI, the demonstrators burned those fat cats' houses. Not advocating, just saying.
HUFFPOST SUPER USER
Terry T
09:57 AM on 10/25/2011
How did that work out?
HUFFPOST SUPER USER
Peddler
Peddler of Information
10:49 AM on 10/25/2011
Did it make them and richer?
1mansvoice
Trickle down is just water boarding of Americans
10:44 PM on 10/24/2011
Mr Gerard, you're confused - the aim of politicians is to be reelected.

We'd be hard pressed to fill out one full session of Congress/White House with true public servants from the thousands who have been elected.