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Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ
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A Democratic Reform Program for America

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
Michael Moore is correct. The democrats have no message, no plan and no leaders. They sawed Bernie Sanders off at the knees and have become a party of Republican lites. They don't understand what is going on and what is needed. They are lost, so I provide the Democrats a road map here of what needs doing.

What is going on is simple. The rich have bought congress off to rig the economy against the middle class. It needs to be un-rigged. The U.S. economy suffers from two major problems: stagnant growth, and rising income inequality, Growth stagnation arises from deficient aggregate demand and deficient aggregate demand, in turn arises from rising income and wealth inequality. While income inequality is growing and has multiple causes, at present, the additional dominate causes in operation are

1) the demise of marginal productivity pricing of labor and the misappropriation of all labor productivity gains since 1973 to increased CEO and management compensation (a redistribution of income analogous to corporate cannibalism).

2) our refusal to tax economic rents adequately, especially land rents, and

3) the invention of new high technology by a relatively few in the top end or the economy of the upper 1/3.

These four problems have made income inequality so bad that it has destroyed the middle class and thereby growth in aggregate demand and placed us in a new lower low without good growth because the rich hoard their new income gains and don't spend enough more. Government, with its bought laws, acts to make the income inequality worse by all the bought favors for the rich and by reducing income taxes on the rich. It is a corrupt mess and Democrats are complicit. They are a part of the problem; not a part of any solution at present and yet the Democratic party is only real path to reform. Our's is a very two party system.

The U.S. economy has in turn been chopped into two parts: a ‘dynamic’ high tech/industrial sector that is shedding jobs (the economy of the upper 1/3), and a ‘stagnant,' 'survivalist’ sector which acts as an ‘employer of last resort’. The bottom 90% percent of adult Americans have an average individual income of $30,438, down almost 10% from a decade earlier, an income on par with Greece. The bottom 50% -- 117,000,000 of them -- have an average annual income of $16,200, little better than the average and income in Mexico and lower than the average annual income in virtually all of the other 32 advanced OECD nations. About 40 percent of America's working age population is now unemployed. Think about these matters for a moment.

The reduced or stalled purchasing power of those not in the economy of the upper 1/3 is why our economy is stagnant and stalled out in its new "lower low," even with what additionally they are able to borrow and spend. The rich and wealthy, in turn, cannot spend enough and don't have the time to even enjoy what they have.

The Democrats need to attack the libertarian mantra of "cut taxes," "make government smaller" and "not interfere in the economy" or all such austerity policies by showing the problems they have created and by providing they lead to bad economic results and by urging the following reforms --

1) raising taxes substantially --

-----a) and very progressively on upper incomes,

-----b) on inheritances,

-----c) on the banking industry for the right to create new money for free and loan it out at interest

-----d) on capital gains at a 90% rate

-----e) cutting corporate welfare, including depletion allowances

-----f) on stock and bond trades in secondary markets

-----g) on domestic income held offshore with amnesty

2) adopt the Steiglitz recommendations for de-rigging the economy against the middle class and in favor of the rich.

3) adopt a set of fair and all encompassing usury laws instead of the none we have now,

4) revise campaign financing laws to get money out of politics

5) expand government substantially by --

-----a) adopting a massive and majorly labor intensive infrastructure program, to increase employment and fix our infrastructure,

-----b) adopt a program of free higher education but only at credible and good or better existing universities

------c) adopting laws reversing what the Trump administration has done and will do,

------e) adopting loan and grant programs for injured states transitioning away from libertarian austerity policies

------f) adopting basic MMT policies and practices that abandon the budget restraint

6) revise business regulation to simplify it, reduce costs and make it "bright line," general regulation and then enforce it strongly.

The Democrats could win with these programs if they were properly explained as I have here. These changes, without more, if properly done would radically transform America and the economy, but many Americans and most conservatives and republicans are not well enough educated in economics to know it. That is the task of the Democrats, but they need to find some knowledgeable people who understand these matters and so far they have not.

https://www.amazon.com/Rewriting-Rules-American-Economy-Prosperity-ebook/dp/B015774QVY/ref=sr_1_3?s=books&ie=UTF8&qid=1502476125&sr=1-3&keywords=joseph+stiglitz

The Supply Side Libertarians Are Wrong and Not Supported by the Data

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
In regard to the article, the economy of the US, especially in regard to income and wealth inequality in the interwar years was substantially different than our present economy with an even lower elasticity estimate currently.

More generally, the cut taxes mantra of libertarianism for growth is a false claim simply designed to starve government of revenue to obtain the further mantric goal of smaller government which in fact decreases rather than increases personal and economic freedom. So they are wrong again, both coming and going.

Yet the dominant economic outlook in America government is for austerity imposed by lower taxes, smaller government and no interference in the economy -- the libertarian mantra. We cannot get so much wrong and do well as a nation for our people. Stupidity and ignorance are prevailing.

https://baselinescenario.com/2012/02/27/how-much-do-taxes-matter/

The Rise of Economic Ignorance

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
Everyone is an economist in this day and age; all pontificate in the declarative mood as though they actually know something, from home brew ignorati (e.g., John Hochbaum) to PhD level true economists (John Nail, me, David Laipple and Panayotis Economopoulos) to many in between with some real knowledge who are really quite knowledgeable and have learned and are learning much well (Dean Scourtes, Loren Spiekerman, and others).

Most of the real economists won't engage with the ignoranti except to say "Nonsense" in passing because the information, training, skill gap is too great to bridge in this abbreviated format. The problem is and remains tons of disinformation and economic propaganda is getting disseminated and many people are becoming misinformed about economics.

Of course that is the goal of the well paid propagandists employed by the Koch & Friends networks including the Heritage Foundation, the Cato Institute, FEE and PragerU among many others. They want you misinformed so we can't all get our economic crap together and act unified politically. They are succeeding.

The damnable thing is apparently the economics profession doesn't really care. At the university level, they get their grants, keep their noses to the grindstone and are careful not to make waves. They pretend there is no problem, as long as their grants are approved. They are a bit bought off.

The problem with economics, is it is easy to sound good, get somethings correctly, seem plausible and be total wrong on targeted conclusions. The propaganda is designed around that model. However, good propaganda avoids empirical work at all costs and that is its Achilles heel.

But regrettably that is mostly beyond all except at the PhD level and not within the scope of public discussion. But serious empirical work is now getting more popularized so their is some hope/

Meanwhile, economic ignorance soars through the roof.

The Rise of Corporate Dominance and the Rise of Income Inequality (Part VI)

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
X. Too few understand these matters, so CEOs are beyond the reach of the law

Few understand how big and powerful many corporations are. Some already have security forces that rival small armies, although such efforts are often contracted out, but they are small armies, nonetheless. They are giants in terms of size and resources, very often bigger in those regards than many countries.

And yet few understand that, set up as they are, corporations are island dictatorships under the fascistic control of one man, the CEO, whose word is law and not to be challenged. Worse than the captain of a ship. Boards are stuffed with CEO buddies and cronies and there is then no check on a CEO. Shareholders are usually too far removed and there are ways of buying them off too. Rising share prices usually does the trick and that too encourages share back programs. We have hugely powerful CEO dictators largely unchecked and out of control, looting and plundering in every direction including legislatures and monopoly market positions. Government is overwhelmed.

Few also understand the income inequality problem created by these CEOs. They think there is too few of them to matter. But that is not true. The 0.1% is basically CEOs, big bank owners (I have explained why they are rich) and inventors/venture capitalists who, when not engaged in fraud or mere coat tailing, actually do seriously contribute. It is a small group but has huge incomes. People don't get this well either.

Few understand that these CEOs are directly responsible for not only plundering their own companies for personal gain, but also plundering the public by the monopoly positions their companies acquire by hook or crook, to the point now where the issue is recognized by foreign nationals as being a major national US problem and we reluctantly agree and say something should be done. But we are overwhelmed and corporate money speaks loudly. We live in stall mode.

Too few understand too little to matter and the abuses grind on.

The Rise of Corporate Dominance and the Rise of Income Inequality (Part V)

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
IX. CEOs are plundering their corporations by stock buybacks for their own great personal gain

A stock buyback increases earnings per share of a company's stock and that in turn increases the price of the stock. The CEO can then exercise his stock options, using all other insider information available to him, of course (how can he be separated from it or his options), and get much more for his options and much more in pay than he otherwise would. There is no check on this racket.

Buybacks are not isolated events. CEOs have become enamored with stock buybacks as a potent means of manipulating their companies’ stock prices and their gains. Over the past decade, net corporate stock issues (that’s new shares issued minus share repurchases, plus shares retired in merger-and-acquisition deals) have drained more than $4 trillion from all U.S. non-financial corporations.

The 459 companies in the S&P 500 that were publicly listed between 2006 and 2015 did $3.9 trillion in buybacks, equal to 54 percent of their net income. That’s on top of the $2.7 trillion that these companies distributed to shareholders as dividends, representing another 37 percent of net income.

Through stock buybacks of this magnitude, CEOs are effectively looting the corporations they run and lining their own pockets.

So first CEO's swipe labor's productivity gains to increase their compensation, much paid in stock, over time and then they use stock buybacks to increase the gain on their shares and thereby propel themselves into the top 0.1% of income recipients, creating a major income inequality problem nationally -- if they are lucky enough to become a CEO of a DOW 30, S&P 500. a big NASDAQ company or even a large Russell 2000 corporation.

We are talking about under a 1000 CEO's here of the nations biggest corporations, yet they are a considerable part of the 0.1%, along with big bankers and inventors/venture capitalists. Big bank owners do not have to pay a franchise fee to the federal government for the privilege of creating new money essentially cost free and then loaning it out at interest which sums are no longer controlled by federal usury laws. That is their racket.

(to be continued)

The Rise of Corporate Dominance and the Rise of Income Inequality (Part IV)

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
VII. CEOs have bought off Congress

Here is the amount of big money spent just on direct lobbying of Congress in the last decade.This does not include campaign contributions. This is lobbying money spent to get things wanted from congress, not help members get into office.

US Chamber of Commerce $1,369,025,680
National Assn of Realtors $437,201,271
American Medical Assn $363,697,500
General Electric $350,252,000
American Hospital Assn $337,048,849
Pharmaceutical Research & Manufacturers of America $324,755,300
Blue Cross/Blue Shield $308,010,064
AARP $269,441,064
Boeing Co $251,693,310
Northrop Grumman $250,182,213
Business Roundtable $239,080,000
Exxon Mobil $238,272,742
Lockheed Martin $234,707,278
Verizon Communications $226,357,043
AT&T Inc $221,985,644
Edison Electric Institute $212,716,789
National Assn of Broadcasters $207,248,000
Southern Co $204,630,694
National Cable & Telecommunications Assn $193,830,000
Altria Group $182,185,200

Then we have campaign contributions to help get candidates into office.
See, https://www.opensecrets.org/orgs/list.php?cycle=ALL Much corporate effort is buried here in PAC donations, use of trade associations and other surrogate and prophylactic organizations.

What is clear is Congress is bought off by big corporate money, much of it dark money contributed through 501(c) organizations which don't have to disclose the money's donors as here. This is a big loophole.

https://www.opensecrets.org/orgs/list.php?cycle=ALL

(to be continued)

The Rise of Corporate Dominance and the Rise of Income Inequality (Part III)

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
V. CEOs stole labors’ productivity gains beginning in 1973

Since then CEOs have progressively increased their salaries as those gains have grown over the years. Most people don't realize this or refuse to believe it but the evidence is abundant. How, they ask could such a thing happen.? First some background evidence.

It is well understood that marginal productivity pricing for workers has collapsed. Joseph Stiglitz and others have commented on that. Joseph Stiglitz explains that is very clear from the escalation of CEO salaries and the stagnation of line workers pay in real terms. Stiglitz agrees with me worker's' pay has been misappropriated.

My contention is that by CEO's unchecked fiat power and the de facto control of the corporate revenue stream by CEOs, beginning in 1973, CEO’s have taken, stolen, misappropriated laborer’s productivity gains since then and used them to increase CEO compensation since then. It has happen gradually as the chart below shows. Workers real wages have stalled out and CEO compensation has gone through the roof. See the chart below.

To be sure, some misappropriated funds may have gone to other management and some other uses, but the CEO’s got the bulk of it. Fascist dictators always take care of themselves well and the money has to come from somewhere.

VI. CEOs have monopolized much of the American economy

Corporations do what their CEOs tell them to do. And they have gotten their marching orders to monopolize, big time. Monopoly is a serious driver of inequality, as profits concentrate more wealth in the hands of the few, especially CEOs The effects of monopoly enrage voters in their day-to-day lives, as they face the sky-high prices set by drug-company cartels and the abuses of cable providers, health insurers, and airlines. Monopoly provides much of the funds the wealthy use to distort American politics.

The idea that America has a monopoly problem is now beyond dispute. Since 2008 there have been more than $10 trillion in mergers, and the pace of deal-making continues to accelerate, with 2015 setting a record for the most mergers in a year and October 2016 setting the record for the most mergers in a month. Mergers are a way of eliminating competition.

The Economist magazine published three cover stories on America’s monopoly problem recently. The magazine reported that two-thirds of all corporate sectors have become more concentrated since the 1990s, that corporations are far more profitable now than at any time since the 1920s, and that an inordinate amount of profit is being earned, much more than usual from monopolized sectors.

In April, the White House Council of Economic Advisers came to much the same conclusion, and called for a “robust reaction to market power abuses.”
Politicians have ignored the problem; however. The republicans in power are happy to have it continue because it serves the interests of their patrons who want nothing done about it. CEOs are enchanted.

(to be continued)

The Rise of Corporate Dominance and the Rise of Income Inequality (Part II)

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
III. Corporate CEO’s are paid much more than people realize because of an SEC rule

There was a day when CEOs of large corporations made a few million a year, but not obscene multiples of the average wage of the worker they do now. That was back in the days when income inequality was not a problem. Most CEOs then and now are paid a base salary in cash and stock and an incentive pay in addition, also in cash and stock but not in the same ratio; usually more stock. CEOs receive grants of at-the-money call options, that is, options to purchase company stock in the future at a price equal to the stock price on the day the option is granted.

According to the AFL-CIO labor union the average S&P 500 CEO in the United States in 2016 earned 331 times more per hour than the average worker last year or $11.7 million; the average worker earned $35,347.

But these data are wrong. CEO earnings are way understated. Here is why

The SEC allows use in SEC filings of the EFV or “estimated fair value” of all stock options in stating CEO compensation but that number is biased much to low as it is computed. The better figure by far is “actual realized gain” or ARG

Data on these executives’ actual take-home pay, which is published, as required by law, in companies’ annual filings with the Securities and Exchange Commission (SEC), show that in 2014, senior executives made 949 times as much money as the average worker, far higher than the AFL-CIO’s ratio of 331:1.

In 2014, the latest year for which ExecuComp has full data, the average ARG compensation of the 500 highest-paid executives was $34.3 million, with 81 percent of that coming from stock-based pay, a far cry from the $11.7 million figure of the AFL-CIO in 2016 and compensation rose in the interim.

Talk about loaded dice. The SEC won’t respond.

IV. The real divide is not between the 1% and the 99%, but between the 99.9% and the 0.1% which is gaining.

The bottom 99.9% are merely workhorses and have not materially gained.They are merely workhorses for the top 0.1%. The income shares of the bottom 99,9% have not materially gained over the years. This was my sense and my understanding during my working career when I was mostly in the top 1%. I was simply a workhorse. Unlike those in the lower brackets, the top 0.1% have seen their incomes rise hugely. And they are in a different league altogether.

They can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the U.S. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends and lucrative business. It was a joke in the legal profession that as clients we could not afford ourselves. The odds of getting into that top 0.1% are very slim and the door is kept firmly shut by those within it.

You can see that in CEO compensation. The compensation of CFOs and COO are usually about a third of CEO’s compensations. They are work horses in service, too. Only the CEOs of the DOW 30, S&P 500 and many of the NASDAQ listings and a very few of the Russell 2000 have a real shot at the top 0.1%. The door is closed to others.

Again, without the top 0.1% and the CEOs that dominate it, income inequality would not be much of a problem in the US. No one else is seriously hogging the ball or grabbing for more. If the top 0.1% were removed from the picture, the problem of excessive income inequality in the US would largely disappear. Yet we know those top 0.1% families are mostly those of CEO’s, and some banker’s and a few invention or venture capital entrepreneurs.

(to be continued)

The Rise of Corporate Dominance and the Rise of Income Inequality (Part I)

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
I. Corporations have immense wealth and power, more than most nations by far

So how do the wealth and power of big corporations compare to those of nation states? The truth is large corporations are wealthier and more powerful than many nations. The world’s biggest corporations have increased their wealth compared with nation states recent years.

A study by the anti-poverty charity Global Justice Now found that the number of corporations in the top 100 nation/corporate entities jumped to 69 in 2015 from 63 in the previous year. Corporations are becoming increasingly wealthier and more powerful than many nations.

While many emerging market economies have struggled to grow in the last couple of years, mainly as a result of China’s slowdown, many of the world’s largest corporations have increased in size.

The London-based campaign group said the 10 biggest corporations – including Walmart, Apple and Shell – make more money than most countries in the world combined. An assessment of the top 200 nations/corporations found that many smaller countries were squeezed out, leaving 153 corporations above many nations from Africa, Asia and South America. The US, China, Germany, Japan, France and the UK make up the top six economic nation/corporate entities followed by Italy, Brazil and Canada.

But Walmart ranks as the 10th largest, Apple ranked 26th behind the 18th-placed Royal Dutch Shell, with Exxon Mobil at 21, all ahead of many nations
The value of the top 10 corporations was $285 trillion, beating the $280
trillion worth of the bottom 180 countries, which include Ireland, Indonesia, Israel, Colombia, Greece, South Africa, Iraq and Vietnam.

Corporations are becoming more powerful and dominate than nations.

II. Corporations are fascist dictatorships run a single man, the CEO, and wield way too much power in markets and on government

I had occasion once in very close company to meet and listen to Roberto C. Goizueta, Coca Cola’s most famous CEO, talk about what it was like to run Coca Cola. He spent his day at the office placating and resolving internecine rivalries among corporate factions and keeping his board members in line and on track with his agenda. He ran Coca Cola from his home at night. He explained that getting a supportive board is key because there is then no opposition to what you want to do. The CEO’s word is law. The entire organization must comply. One man controls.

My take away was no single man should have such vast unchecked power. It was too much in a big corporation, but I understand the sentiment that says a ship must have a captain and his word is absolute (with a few exceptions). The name of the game now is stuff the board with your buddies, give them fee raises, play a lot of golf with them and silently demand they back you up on all things. No bad publicity and dividends tossed their way keep shareholders too removed to do anything in opposition. That is how the game is played these days.

The model is that of a fascist dictator. Its domain is as big and as vast as the corporation itself. It can rival a large nation state in power and wealth. The resources to bribe public officials with campaign contribution are huge. You command attention. Private or less resourceful persons or individuals can’t compete for an audience.

It is an unchecked system and in the US it has run amuck as I will explain.

(to be continued)

Racial Hatred Is Confused

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
It is the white supremacy movement, a backhanded black putdown group. It is the NeoNazi movement, an extremist, fasccist version of the white supremacy movement that harkens back to Hitler and the Third Reich. It is a pro confederate movement, that heralds the pre-civil war confederacy with its slavery and the antebellum south. Additionally, as I have written, the real issues for individual members of these groups are not likely the issues they think they are or those relating directly to these groups -- they are most probably economic frustrations or worries in their individual lives they think are unmanageable.

Ostensibly, the core here of these groups is hatred of blacks. However, if pressed, members of these groups likely don't know any blacks personally or, if they do, don't have any objections to those black as individuals. Their hatred is abstract and more ideological or perhaps, as I suggest, not the issue at all. And our president feeds and promotes that hatred, also in a backhanded, abstract manner, with a touch of anti-semitism thrown in for good measure, to reinforce that crowd sentiment as well.

So now the attack of good people and some protesters is on confederate monuments. Many are coming down, by public violence or city council action.

Could a bigger confused mess be easily imagined? A study in mass, messy psychology.

What To Do About North Korea

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
Nothing is the answer.

The power of nuclear weapons is the security of having them, not in using them. Using them is assured mutual destruction. North Korea wants the security of having them, fearing China and South Korea.

North Korea should go ahead and develop its nuclear ICBM's, get its security and the US should do nothing.
The rhetoric should stop. The "fury and fire" talk should abate. Trade and some aid should develop. Trade leads to capitalism just as Maoist China is now capitalist China.

That is the way to undo Kim if we feel the need.
Doing nothing is the safest course and it will save lives.

On Neoliberalism

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
Most do not understand neoliberalism well.

Neoliberalism is an outgrowth of conventional social and economic liberalism of the 1970's or so, but it has gotten very greedy with much more of an economic focus. It lauds markets like libertarians but accepts Keynesianism and government, contrary to libertarians. It has crony capitalism as a feature. Government is to be fed off of by corporations where possible.

Neoliberalism's big economic focus is on greed, mega corporations and large profits. Deep states are a feature because they bear on all of those. It is the national offshoot of global capitalism. Wall Street and international banking are central features, with the world bank and the IMF being historical aspects. It has an international outlook, with curious colonial and mercantile overtones. It has become divorced from concerns about social justice, inequality and the economic welfare of the lower classes. Those matters have been left to the likes of Bernie Sanders.

Neoliberalism has pretty much the collective mind set of Hillary Clinton and the Clinton Foundation crossed with Goldman Sachs and it drops dollars on charity, mostly for the write offs when needed. It is immersed in current tax law and believes in corporate welfare. Corporate greed is its mainstay.

At a macro, international level, especially through the IMF and world bank, it has been wed to austerity principles which are being eased a bit now as recognizing they impede international development and profits.

Ban Hate Marches and Assemblies

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
The first amendment is not absolute. It protects free speech, but that speech has limitations. The classical example is one cannot yell "fire" in a theater when there is none. Also, speech is not limited to the spoken word. It includes constructive speech as well and can include wearing an arm band to protest a policy. It also includes campaign contributions, as we learned from Citizens United. Other speech is also prohibited. Hate speech is precluded by federal statute.

Public assembly and marching by White Supremacists and Neo-Nazis can therefore be outlawed as violations of the statutes on Hate Speech, in my view. It is not a quantum leap for the law. Participants can take their displaced anger elsewhere. It is easy enough to arrest such participants. We should do it and charge them with actual and constructive hate speech.

The idea underlying such speech is why Trump’s comments on Charlottesville were so far off. He was condoning the hate speech by the Neo-Nazis, without realizing it, when he said, “Each side was equally at fault.” Like each side had a right to assemble and voice hate. Not so, as I explain.

This solution should be applied. We don’t have to put up with this.

On Miss Piggy and Mr. Pork

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
Fat biased; not weight biased, the new term of reference. I am guilty. I cannot get away from the fact that, except in the rarest of cases, fat people eat more and do less than the rest of us. I do not think that is laudable. No one but they themselves put all that extra food in their mouths, whether compulsively or not. If I start to gain a little weight, I do more, eat less and get more sleep. Many substitute food for sleep and then are too tired for physical activity. It is a known relationship.

And talk about a cop out, fat people are now hoping for "a society-wide reformation that may help to absolve them of personal responsibility for their weight." And talk about being irrational, those who think they are stigmatized for being fat, actually eat more because of it according to new research. Personal responsibility and good sense are the whole issue. There were no fat people in German and Japanese prisoner of war camps. Food was too scarce.

A whole quasi medical industry has grown up to pander to the sensibilities of fat people, take their money and tell them they can't help it and are just fine as they are. Yuck, I say.

The Demise of the Democratic Party

22 August 2017 | Pago Pago, American Samoa
Kimball Corson
The Democratic Party has no leaders, no agenda, no money and it sensibly offers no hope to anyone. America's basic problems are all fundamentally economic deriving from an economy badly in need of reform. This is what ails people whether they know it or not. I believe much of the rioting, hate and thuggery in our streets is due to displaced anger and frustration caused at base by our economic problems and the the resulting decline of and blight on our middle class.

There was a day, before the rise of greed as our national ethos, that the Democratic Party offered hope of economic improvement for all and reform, but that Democratic Party is gone for good and replaced with one infected with greed that is now simply a gaggle of republican lites who have abandoned those in need and become greedy neoliberals focused on their own pocketbooks.

They have jettisoned the important social issues of economic reform, social justice, inequality, the poor, the middle class's economic blight and the economic changes needed for fairness and viability. So vast is the agenda the neoliberal democrats have abandoned that Bernie Sanders drove a freight train through it.

Not that Bernie had the correct solutions or the youth needed, but he certainly identified the issues correctly that the democrats and their party have dropped. Hillary did not like having these matters pointed out and first distanced herself and the party from Sanders and then torpedoed his campaign by skullduggery. Hillary, the Clinton Foundation and Goldman Sach's laughed all the way to the bank. Hillary only did as well in the election as she did because Trump was so God awful.

Now, the democratic party has no leaders, no agenda, no money and it offers no hope. Nothing will change, except for the worse under the republicans. Displaced frustrations and anger over our prospects and their impact will only rise and we will fight among ourselves more on and off the streets and more frequently as well, as we increasingly act as though we are coming not too slowly unglued.
Vessel Name: Altaira
Vessel Make/Model: A Fair Weather Mariner 39 is a fast (PHRF 132), heavily ballasted (43%), high-aspect (6:1), stiff, comfortable, offshore performance cruiser by Bob Perry that goes to wind well (30 deg w/ good headway) and is also good up and down the Beaufort scale.
Hailing Port: Lake Pleasant, AZ
Crew: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
About:
Kimball Corson: I am a 75 year old solo sailor, by choice. However, I did take on a personable, but high maintenance female kitten, now a full grown cat, named KiKiPoo when she is sweet, or KatKatPo after she has just killed something like a bird or bat. [...]
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Although I was a lawyer and practiced law with good success for thirty years, creating significant new law, I never really believed in the law, the politics of law or in the over reaching self-interest of most lawyers I met. Too much exposure to Nietzsche and other good and seriously thoughtful [...]
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Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ