Tag Archives: deregulation. regulation

Thank you Mr Yoder

Congress recently passed a giganormous spending bill. It was for over 1.1 trillion US dollars. That’s a lot of paper. In numbers it looks like this 1,100,000,000,000. That is more M and M’s than you can shake a stick at.
A lot of that loot goes to luxuries like food stamps, housing for the poor, homeland security, etc. But thanks to Congressman Yoder of Kansas, a fiscal conservative, some of that loot may be coming my way. Kansas, as you may or may not know, is now facing millions of dollars in debt as a result of the “Tax Cuts for Billionaires” program instituted by GOP governor Brownback. Have no fear, like Christie of New Jersey, Brownback intends to raid the public employees pension plans to make up the difference. It worked for Christie. Fiscal conservatism at its best.
But, back to Yoder.
Congressman Yoder was able to slip the Citibank bailout provision into the new budget. Written by Citibank and debated by …well…by no one. No time to debate. It was slipped in at the last minute. (Where are the howlers who were screaming at Obamacare because they only had 6 months to read it before the vote?) This provision allows Citibank (and others) to make those risky bets on certain derivatives and have those bets covered by the US taxpayer if they go bad. The same risky bets that helped lead to the financial meltdown and bailouts of..oh..many, many years ago. I can’t remember. Was it 1929 or something like that. Ancient history. Couldn’t happen again.
At any rate, I assume that because corporations are people that means people are corporations. Makes sense to me. Right?
So, as a corporate entity I plan to fly to Vegas. Las Vegas, Nevada.
I will take my life savings (too embarrassed to give you the amount) and place is all on number 43 . One spin of the roulette wheel. Win and I am a millionaire. (Well, maybe if I win 8 times in a row). All my money. One risky bet. What could be better? This….
And the best part is this. If I win, I get to keep my winnings. Hurrah!. If I lose I will claim I am a bank. I will claim I made a risky bet. The taxpayers will cover my losses. Then, guess what ? I can simply bet again.
So, thank you, Mr Yoder of the bankrupt state of Kansas. Thank you for looking out for the little guy.
Las Vegas, here I come.

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Filed under Christie, Conservatives, Debt, Economy, Neoconservative, neoconservatives, obama, Politics, Republicans

Neocon Papers 5:Toxic Deregulation

West Virginia. North Carolina. Texas. Deregulation.

If there is anything close to a mantra for the neoconservatives it is the idea of “deregulation”.

The argument for deregulation goes something like this. The government, most especially the federal government, over regulates our lives. Not our lives,  really. It over regulates big business. And because the government over regulates big business that does a number of things. First, it drives big business into massive debt. Second, it depresses the economy because it reduces employment. Third, it makes the cost of doing business more expensive, thereby passing on the cost of goods and services to the consumer. So, if government would stop regulating business all three of those areas would be improved. More businesses. More jobs. More profits. Sounds logical.

Except. We have tried it. It failed. The philosophy attributed to Reagan,  called Reaganomics was an attempt to limit regulations so businesses could thrive.  That philosophy has been the mainstay of Republican “thinking” and to a great extent has been embraced by many Dems as well. Since the 1980s we have seen the federal government loosen rules on lumbering, mining, oil drilling and gas drilling. We have seen the EPA gutted and reduced to a weak organization unable to enforce the laws. The same EPA created by Richard Nixon and the GOP in the knowledge that unfettered business has made a cesspool of much of America.

But big business pushed  back. And won. And as the GOP took state houses they have consistently sought to turn back or ignore reasonable environmental safeguards. Those in favor of safeguarding the air and water were labeled as “tree huggers” and “eco-terrorists” or “communists” who opposed “free enterprise”. Job killers. Of course, the near depression of 2007-2009 demonstrated that Reaganonomics was a colossal failure. Where is that booming,  deregulated economy we we promised?

So, today we can see just a few of the results of that GOP success. Texas. A deregulator’s dream state. Fracking goes on unregulated (except by a weak state agency). People in parts of Texas are exposed not only to water pollution but air pollution as massive quantities of methane emerge from the ground. Studies show methane contamination in Weatherford , Texas. No one knows the long term effects of this so the Texas response has been to do nothing to protect the citizens. And the EPA has had the same response. We’ll have to wait and see. But keep fracking. Deregualtion.

In West Virginia this year we saw the pollution of the largest city’s water supply (Charleston). An uninspected tank leaked toxic materials into the river. Then, in a display of incompetence that rivaled the Keystone Kops we had the governor telling folks to drink the water. Others in the department of health saying don’t drink the water. The company (Freedom Industries) admitting, after about a week, that SECOND toxic chemical had been emitted. The government of West Virginia telling folks finally. …(Well, it’s your call. Drink the water or don’t…unless your pregnant…then you shouldn’t…..) Schools closed , then reopened because tests showed the water was safe. Then closed again because these chemicals showed up  again.  Deregulation.

Another GOP state. North Carolina. This story keeps getting better and better. When Duke Energy (company with close ties to the governor) was sued by consumer groups for  dumping COAL ASH in rivers the state stepped in and took over the lawsuit. It then guaranteed that Duke Energy could not be sued by any public entity, only the state. But…but…but…What about the EPA? Evidently the EPA rules allow STATES to determine the validity of lawsuits and remove the original litigants. That’s right. The GOP “deregulators” will determine how to enforce the EPA rules. The fact that the new governor worked for Duke Energy for over 20 years and has at least $10,000 worth of stock (that is the maximum he is required to report) had nothing to do with the decision. So, Duke Energy can dump coal ash into the water supply. Pay a small fine. (But they “promised” to clean up the mess. They “promised”) And  continue to do business. Deregulation.

It is no  accident that these are GOP lead states. Business can be  good if you can dump your waste into the public water ways. Or pollute the air. And pay no meaningful fines. Good for business. Creates jobs. No downside.

Of course someone will have to pay. Pay for the massive coal sludge clean ups of North Carolina’s waterways. Pay for the clean up of the river continuing to flow into the Charleston water supply. Possibly even install new water pipes. And pay the medical costs in the future for damaged children and adults in Texas,  North Carolina and West Virginia. Because these are real disasters. Man made. Someone will be shelling out billions of dollars over the next 20 years for these and countless other disasters. It won’t be “Freedom Industries”. It won’t be” Duke Energy”. It won’t be the natural gas industry in Texas.  It won’t be the “deregulators”. Can you guess who ?

The neocon mantra continues: Deregulation. Deregulation. Deregulation. Let the next generation pay for it.

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