One week ago today something truly sad happened to our republic. By a 5-4 vote justices in the supreme court decided that for profit corporations can spend as much much as they want on our elections. You can say America is no longer the same with this ruling. The floodgates of funds from the companies that most despise has opened. Exxon mobile, JP Morgan, and the likes have tightened the noose on our democracy.
Nobody can argue that Barack Obama did not have an advantage in the 2008 elections. He started the largest grassroots campaign in history for president of the United States. For that he was awarded small donations from 3.95 million individuals around the country. This is the way elections are supposed to be funded. By individual Americans. We the people elect the president. Not corporations or foreign entities.
That being said anyone who follows the election process knows how important having funds are. Hillary Clinton over spent during her campaign and ran out of money. This during her final months was a huge blow to her campaign and rightfully so. If you can convince individuals that you are the right person for the job they donate to your campaign. This gives you a larger national platform to speak from. What happens now that corporations enter this race? They will dwarf donations made by individuals. This means that whichever candidate is the friendliest to the largest corporations gets the most money.
This means that what you say about your opponent need not even be true. You must have to buy more air time on TV then them. If you repeatedly bash your message into voters head they will inevitably cave. Hearing something over and over again believing it is the truth. Based on this we must now accept that Barack Obama is palling around with terrorists. Or at least that’s what Sarah Palin would have you believe. Given enough money to blanket the airwaves I’m sure she could convince the majority of the country that this is indeed true. Or perhaps as some of have suggested that Obama is not a United States citizen. All obvious lies.
If you don’t believe me perhaps you should look at the poll numbers of the percentage of Americans that think Iraq had weapons of mass destruction when we invaded them. Or the poll numbers of Americans who thought Saddam Hussein had anything to do with 9/11. Oh yea and I forgot to mention Obama is a radical muslim from Indonesia. Or who could have forgotten the first claim that Obama does not put his hand over his heart during the pledge of allegiance? All outright lies. But once pounded into our heads through media and other outlets in the future they will simply be accepted as truths.
I cannot agree more with justice Stevens who said the majority had committed a grave error in treating corporate speech the same as that of human beings. For our political system in America has been turned upside down. Now all we can do is sit back and wait to see the billion dollar industries ravish our political system. It will simply be a bloodbath of honest politicians.
We must ask ourselves how did we get into this predicament. It’s easy, his name is George W. Bush. To add insult to injury after he destroyed our economy on the way out and appointed two lifetime judges to the supreme court. Samuel Alito and John Roberts. They now have the rest of their lives to overturn common sense laws and destroy our country with their right wing views. We can only sit and wonder what they will do next. The ruling in question was Citizens United v. Federal Election Commission, No. 08-205.
Posts Tagged ‘Hillary Clinton’
Justices Decide 5-4 Future Elections Will Go to the Highest Bidder
What You Wear Matters
Over the last couple of weeks, millions of viewers have watched the Democrats and Republicans put on their best faces. Both parties have been successful in their own ways. Some were trying to portray themselves in a different light; others were trying to put their best qualities forward. However, did their visual energy serve them the right way? Did they reach the voters with the right message?
Energy was apparent in the choice of clothing by each of the speakers, male and female, but did the clothing wear them or did it in fact support their intent and their message?
In the field of Feng Shui, color and shape matters because it provides you either positive or negative energy. The male speakers at both conventions wore the typical dark suit and used color in their neckties. And while the color in the ties did make a statement, the female speakers were the ones communicating visually this year. They stepped right out creating drama and distinction with the color and style of their clothing. What follows in alphabetical order is a mini evaluation of the energy surrounding the primary female speakers.
Laura Bush, First Lady
Her high energy red suit exuded self confidence, poise and a presence of importance. Since she was on the platform officially representing the White House and introduced the satellite feed from the President. She needed the right color energy to make sure all eyes would be on her and lead to that satellite feed. And she did just that with such a high energy color but remained in-control with a traditionally cut and fitted two piece suit. The red further emphasized the patriotic theme of the enormous flag in the background plus the energy of good fortune.
Hillary Clinton
She wore a bright, distinct, crisp orange pantsuit while delivering her speech. She wanted to maintain total control, be in charge of her moment and say to the world “here I am, and I am good.” While being somewhat maligned by the news anchors for wearing such a bright color instead of something dark and more business-like, she succeeded because her orange suit was not only a high energy, high visibility, in-charge color, but it also contrasted perfectly with the blue background. Blue and orange are complimentary colors, which cause high inter-active color energy and vibrancy.
Cindy McCain
When in the spotlight the last night delivering her message about her husband, as a potential First Lady, she knew she needed to make a statement but also be credible. Her choice was a fresh, stylish bright blue somewhat unstructured suit. It made the statement, “I am special, I am believable, authentic and trustworthy.” The calming blue, even though bright worked well for her giving the campaign a positive in-control but not dominating energy image.
Michele Obama
She looked absolutely stunning, wearing a beautiful jewel-tone blue dress representing herself well as a potential First Lady. Her dress was soft, although fitted, and in a very calming color. Blue can be calm to cool and even cold in the certain shades but she got the color just right. She would have succeeded even more had consideration been given to the background, which was also blue. If the intent was to make her melt into the background it worked perfectly. If the intent was to give her a strong but soft presence, a different color from the background would have served her better.
Sarah Palin
The night she was introduced, she wore a two-piece suit with a black skirt on the bottom, giving her strong grounding energy and a light colored jacketed top. While this was a less traditional suit (since the top and bottom didn’t match), once she stepped up to the microphone with a black background, the perfect yin/yang balance was struck. She succeeded in making herself be the “in control” focus of her presentation. All eyes were on her and not her clothing or the background.
In each of these examples the women chose bright or dramatic high energy colors to provide them the positive energy needed to accomplish their task at hand.
The choice of clothing, its color and shape can make or break what you are trying to accomplish on any given day. If you want to have a successful day whether at home gardening or in the office intensely focusing on accomplishing your goals for the day, wear clothing that provides you casual energy for the garden or that much needed energy boost for a busy office day.
The results of this year’s election are not in yet, but it’s clear that each of the women speaking at the recent conventions is self-confident and focused. Their clothing told its own story – speaking 1,000 words without making a sound.
The Hillary Clinton Stock Market and Economy – Three Areas to Consider
I would like to remind the reader of the last time in our country’s history when taxes, unemployment, and inflation were extraordinarily high: the late 1970′s during the Carter presidency. Inflation was raging and interest rates were in double digits. Many consumers in our economy today do not have vivid memories of that time.
Yet after the 1970′s inflationary spiral was broken, at the expense of a severe recession with extremely high unemployment – we have since enjoyed over twenty years of a fundamentally good stock market and economy.
But what if today’s relatively good stock market and jobs creating economy were to change? I must admit, I am of the opinion that the winds of inflation may be building a momentum again after all these years of disinflation. I agree with Alan Greenspan’s opinion in a CNBC interview that we no longer have the luxury of implementing easy monetary policy, as we did after the technology and stock price bubble deflated after 2000, when deflation was actually a threat.
We have an important election in 2008 that may determine the course of the stock market and the economy in a manner not seen since the late 1970′s. Hillary Clinton is the current favorite to win the Democratic nomination – and she is running a liberal, progressive campaign. The Democratic nominee, whoever he or she may be, may win the White House.
There are three areas to consider with respect to why the stock market could decline into a bear market should the economically liberal platform be enacted.
The first proposal of the Clinton campaign that would be anathema to the stock market is the planned redistribution of wealth. Giuliani, in a CNBC interview, actually called this plan an entitlement program for the middle class. This would be in the form of a tax-the-rich-and-give-the-funds-to-the-middle-class policy. This sounds good in theory, but this action would not create a penny of additional wealth or a single new job in our country. The policy simply takes away from one group to give to another more favored group of people. Such a policy could even lower the amount of wealth in our country, as those businesses that are creating jobs might make less money – especially small businesses that may have to lay off workers because their taxes are higher. The economy, and consequently the stock market, could suffer.
To give an example in industry of a possible redistribution policy, an obvious target of the Clinton campaign has been the almost universally hated oil and gas industry, which the Senator believes makes too much money. In fact, I saw an excerpt of a Clinton speech on TV that the senator wanted to “take that money” and I suppose give it to a more favored group of people or industry. This action would amount to an expropriation of assets and would reduce employment in the oil industry. The stock market could react badly to that.
I would like to point out that there have been times in the history of the oil and gas industry during which these companies have been in a depression – but they were not bailed out. But even such a hated industry as the oil and gas industry is capable of creative movement. Fortune magazine reports that Royal Dutch Petroleum has been investing heavily for years in scientific research to produce oil from shale in America. Fortune reports that there is a potential production of 300,000 barrels a day – and it would be profitable at $30 per barrel. They further report that Royal Dutch’s technology is supposed to be way ahead of their competitors, with the company holding some 200 patents.
Royal Dutch seems to think those years of heavy investment in research and development will pay off in the near-term horizon. They would also plan to build the first new refinery in the U.S. in decades. Heavy taxes on this industry could discourage new investments such as the Royal Dutch project. The end result would be more energy dependence.
The second idea of the Clinton campaign that would hurt the stock market and the economy is the re-regulation and regulation for the first time of major industries in our economy. If an unfettered industry is seen as making too much money, then it might be a target for being regulated, which inherently makes the industry less creative, vibrant, profitable and flexible (with concurrent less ability to withstand economic shocks and adapt to changing economic conditions).
Alan Greenspan, in a speech reported on CNBC, attributed the flexibility of our economy as one reason why we have not had such deep recessions in recent years. While one sector of the economy is under water, other sectors can pick up the slack and prevent a recession from becoming damaging. But, if employees are tied by regulation to industries that are no longer competitive, then the overall economy would be hurt – those workers would not be retrained for the emerging new industries of the future. The economy would be more rigid by definition and we might experience a declining standard of living as older regulated industries would not make it in the global economy and become obsolete. Like it or not, our capitalist economy works best as a self-correcting mechanism, with new industries supplanting the old.
An industry which could suffer a decline in employment and innovation because of regulation is also a target for criticism: the drug and medical devices companies. We all remember Senator Clinton’s early 1990′s health care plan, crafted behind the scenes, which really would have been “government run healthcare.” The Senator never apologized for that failed attempt at healthcare nationalization, but even now blames her former opposition. The healthcare sector in the stock market at that time fell out of bed while the Clinton plan was being propagated. If nationalized medicine were to become a threat again, that poor action in the stock market could be repeated. So far, the Senator’s “American Health Choices Plan,” as smoothly explained on the Clinton campaign website, seems on the surface pretty innocuous. But it also would be extremely expensive, perhaps tempting Clinton (if she were elected) to revive her previous ill-considered plan.
I believe that there must be a way to insure the uninsured for hospital stays, doctor visits, pharmaceuticals, etc. without uprooting the entire system. I think one question that is not being discussed is whether a Clinton administration would propose to control drug prices. We have had experience with price controls under President Nixon, and it just produced shortages of goods. There could be shortages of essential medicines if price controls on drugs make it less profitable to invest in the research it takes to develop and produce them. A less profitable atmosphere for the drug industry means fewer drug companies and fewer drugs being invented. Why should entrepreneurs launch new drug companies pioneering new science when their prices are to be controlled and profits regulated?
The fact is that the pharmaceutical industry is not the problem – they are the solution. A pharmaceutical company might spend one billion dollars and two decades developing an important drug that can save lives and keep people from costly stays in the hospital. If artificial controls are placed on the drug’s price, then it actually may not be profitable for the company to develop new drugs in the future. They could fire researchers and other employees to cut costs. Since over 90% of all new pharmaceuticals are developed in the US, health care costs would likely go up as new cost saving cures would not be developed.
Drug companies have invented life saving medicines that have kept tens of millions of people out of costly hospital stays, and saved and extended many lives. I believe these drugs are an extremely cost-effective solution to illness and disease – and I do believe all private insurance should cover prescription drugs liberally.
The third area of a possible Clinton presidency about which one must be concerned if you are a stock market investor or simply a taxpayer, is free trade. An open trade system has allowed our country to prosper in the last two decades. Granted, currency manipulation on the part of a trading partner (such as China) is not free trade – but most of our trading partners and the newly emerging eastern European economies are adopting lower taxes and free market policies. It is a shame that the liberal wing of the Democratic Party has not received that message and is indicating a path for this country that may bring our economy and our stock market back to the past economic policies of the 1970′s.
The outcome of the 2008 presidential election will do much to determine the outlook for the economy and the stock market in the next several years. Regardless of who wins, the second year of the presidential term is usually poor for the stock market, as the policy makers make the economy take its medicine early on in the term.
The Federal Reserve, in its current easing mode, should encourage the stock market until the months before the election, when it will be clearer who the victor will be. At that time, the stock market’s future direction will be determined by the degree of wisdom of the victor’s economic policies, and, of course, Federal Reserve policy.
I was first exposed to financial markets when I started reading the stock quotes out of the newspaper to my businessman grandfather, who was legally blind, when I was about ten. I remember Papa always told me: “Buy Triple A” (the best stocks). Later, I studied economics at both Vassar College and Columbia University, where I became intrigued by the link between psychology and economic theory. My current e-book, A Way to Wealth – the Art of Investing in Common Stocks, is available at my website, http://www.ReiznersWay.com.




