Capitalism Or Crapitalism?

Capitalism Or Crapitalism?

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Capitalism Or Crapitalism?

Capitalism Or Crapitalism?
You have to laugh sometimes at how the GOP can spin everything wrong into a sales pitch. Everyone knows or is finding out that Mitt Romney was one of those business guys who didn’t seem to care if everyday working stiffs lost their jobs. When he worked for Bain Capital it was all about making money for the investors never about protecting jobs for Americans and their families. This is what I call crapitalism when investors won’t take less or take a loss to help a company turn around. The rich keep getting richer and the average American is just flushed away as a piece of crap in the cause for bigger profits. Let’s take a look at a few years of CEO salaries and bonuses paid. In 1996 the average CEO’s salary and bonuses was $5.8 million; that was up 54% from the year before,  according to Bloomberg. Today we are looking at average salaries and bonuses of $9 million according to USA Today, while the average American worker’s salary has stalled. Not only has the average American worker’s salary stayed static but many have also lost benefits or took cuts to benefits they had. Today we have greedy CEO’s and a greedy Republican party who want fewer regulations and have also taken a pledge never to raise taxes. Do you see anything wrong with this thinking?

We see capitalism at its worst now in America. Not only have the CEO’s taken huge salaries but also many have closed plants here and moved operations overseas and just tossed the American worker aside, all to make bigger profits. What makes things worse for Americans today is federal, state and local taxes are at the lowest rate since 1950. Federal spending is not out of control like many Tea Party Conservatives want you to think. Our president is not against capitalism like Mitt Romney keeps saying; he is against crapitalism-- the kind like Mitt Romney thinks is ok. In 2012 we Americans must defeat the Republicans who keep defending the super greedy rich and the super greedy CEO’s of today by wanting less taxes and less regulations on them. We need real regulation reform and taxes that are appropriate for income levels. We don’t need cuts to programs like Medicare, Medicaid and Social Security but we do need taxes collected at a fair and just rate. We don’t need CEO’s to be able to make unlimited salaries and toss the workers aside. We need a just and honest capitalism, not the crapitalism that Mitt Romney wants along with his Republican buddies. 

 

  Article Info
Created: Jan 12 2012 at 10:32:16 PM
Updated: Jan 12 2012 at 10:32:16 PM
Category: Politics
Language: English

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