Lost in the 21st Century

Of course the Corporate owned, mainstream media won’t publicize this…

If I were a paranoid right-winger, this would make me nervous.  These guys are really doing what they accuse the left of doing- a few elite trying to run the government to the disadvantage of the middle class.

Amid great secrecy, about 200 of America’s wealthiest and most powerful individuals from the worlds of finance, big business and rightwing politics are expected to come together on Sunday in the sun-drenched California desert near Palm Springs for what has been billed as a gathering of the billionaires. They will have the chance to enjoy the Rancho Mirage resort’s many pools, spa treatments and tennis courts, as well as walk in its 240 acres away from the prying eyes of TV cameras.

But the organisers have made clear that the two-day event is not just “fun in the sun”. This will be a meeting of “doers”, men and women willing to fight the Obama administration and its perceived attack on US free enterprise and unfettered wealth.

As the invitation says: “Our goal must be to beat back the unrelenting attacks and hold elected leaders accountable.”

The reference to the accountability of America’s elected leaders is ironic, bearing in mind that the gathering has been convened by two brothers who have never been elected to public office and are among the most unaccountable and secretive political players in the country.

David and Charles Koch enjoy a combined fortune of $35bn (£22bn), run the second largest private company in the US, Koch Industries, and are increasingly using their fabulous riches to push their special interests within America’s political process. Nobody knows precisely how much they spend on influencing elections and lobbying Congress, but it is thought to be scores of millions of dollars.

By similar vein, the guestlist for their gathering on Sunday is unknown. Past attendees at the twice-yearly event include supreme court judges, rightwing media celebrities such as Glenn Beck and Rush Limbaugh, prominent governors of southern states such as Bobby Jindal (Louisiana) and Haley Barbour (Mississippi), as well as leading figures from Wall Street and energy companies, and titans of industry.

The format of the gathering will be similar to previous Koch events, the last of which was held in Aspen, Colorado, in June. The assembled tycoons will talk about some of the Koch brothers’ pet horrors – the growth of government and state regulations, what they call climate change “alarmism” and “socialised” healthcare.

Then they will share ideas about how to tighten their grip on politics and the judiciary by shaping election campaigns.

But this year’s reception will differ in one important regard: it will have an opposition. For the first time, a coalition of progressive and liberal groups has formed to try to counter the power of the Koch brothers.

via The billionaires are coming: Obama’s richest enemies to hold summit | World news | The Guardian.

Very good Opinion piece from the Weekly Independent.  I say good, because I agree with it….

With Congressional Republicans insisting that we have to attack the sickness of spending that, in Speaker John Boehner’s words, is afflicting Washington, it’s worth recalling some recent history.

In 1981, Ronald Reagan’s budget director David Stockman admitted to Sen. Daniel Patrick Moynihan, a Democrat from New York, that running up “strategic deficits” was a useful political tool because it “gives you an argument for cutting back programs that really weren’t desired and giving you an argument against establishing new programs you don’t really want.” Stockman noted further that strategic deficits can enable opponents of public investments to sound compassionate, providing them with opportunities to use phrases like “We can’t steal from our children to pay for our short-term desires” to oppose government spending.

Reagan had run on a platform of reining in government spending and waste and on promises to put our house in fiscal order. Reagan insisted that deep cuts in personal income and capital gains taxes would result in increased tax revenue for the government because of the wealth-generating benefits of the cuts—so-called supply-side economics. During the 1980 campaign, his future vice president, George H. W. Bush, mocked supply-side theory as “voodoo economics.” Of course, during his eight years in office, Reagan presided over an explosion in government deficits and a more than doubling of the national debt. But he also achieved two goals critical to modern conservatives: He dramatically shifted wealth from ordinary Americans to the very wealthy, and he made “deficit reduction” a useful code for hamstringing government efforts to help the less well-off.

When George W. Bush became president in 2001, he inherited large projected surpluses. Bush set about attacking those surpluses, passing large tax cuts in 2001 and 2003 that overwhelmingly benefited the wealthy and, in due course, wiped out those projected surpluses and replaced them with large projected deficits. Like Reagan, Bush accomplished two cherished goals in the process—further transferring wealth to the wealthiest Americans while putting Congress in a “straitjacket” with respect to critical investments in the nation’s infrastructure and social programs. As conservative columnist and Bush cheerleader Fred Barnes put it at the time, “The most important fan of strategic deficits in Bushland: Bush.” Like Reagan, Bush certainly succeeded, if success is defined as running up large deficits that constrain future efforts to address adequately the nation’s pressing social and infrastructural needs.

More:   The return of voodoo economics | Opinion | Independent Weekly.