Four more years of...

I know how dejected Republicans must feel today.

I grew up as part of a large, staunchly Republican, extended family. Over the years, a few family members actually ran for public office as Republicans; and, some even won. My immediate family, and I, actually campaigned for the original “Mr. Conservative,” Barry Goldwater, during his failed 1964 campaign for President. I was “totally bummed” when “my guy” was easily defeated. He received only 39% of the popular vote, which translated into just 52 votes in the Electoral College. President Lyndon Baines Johnson received 486 Electoral College votes.

Even in defeat, Barry Goldwater was still widely respected in Arizona (he was a five term U.S. Senator from Arizona).

Yet, in his later years, the Republican Party of Arizona turned on him. Some members even demanded that his name be removed from the Arizona Republican Party Headquarters building. His “sin” was that, like most Republicans of his generation, he had become “far too liberal” for an increasingly conservative, and militant, Republican Party.

Barry Goldwater actually came out in support of allowing gays to serve in the military. He also worked with a bipartisan group to eliminate job discrimination based on sexual orientation. He was quoted as saying that “gays have a constitutional right” to be who they are. He was, of course, very right, when his Party had become so very wrong.

Barry Goldwater was also highly critical of the Republican Party’s increasing embrace of the “Religious Right.” He angered Republicans by openly endorsing a Democrat, rather than the good “Christian Conservative” candidate that they had endorsed. Barry’s candidate won.

At some point, I became aware of Barry’s having been labeled as being “too liberal” for the Republican Party. Not long before his death, I wrote and asked him about it. His reply was that his positions were simply “common sense.” I wrote back, and said “I agree.” After over 100 years of solid Republican Party support, the majority of my extended family had left the once proud Republican Party due to the destructive path they’d chosen to follow.

Barry Goldwater is just one of many past prominent Republicans who would not meet current Republican Party “standards.” Some others would include:

• Abraham Lincoln – He failed to respect “State’s Rights.” He interfered with private businesses (slavery was "necessary if their businesses were to survive"). And, he took private property (their slaves) without compensation.

• Dwight D. Eisenhower – He expanded Social Security. He interfered with “State’s Rights” by sending federal troops to Arkansas to enforce public school desegregation. And, he initiated a massive public works project which created the Interstate Highway System (a system which continues to irritate thousands of drivers a day as they commute to and from work).

• Ronald Reagan – He actually negotiated with Democrats and compromised when necessary to secure a deal. He even raised taxes (contrary to the revisionist teachings of Grover Norquist and the modern day Republican Party).

The Republican Party of today is clearly in trouble. Demographic trends are against them. There simply aren’t enough rich white men to consistently elect Republicans. And, while “Christian Conservatives” have been successfully exploited to provide reliable Republican votes, younger voters overwhelmingly reject the divisiveness caused by inflexible religious doctrine. Even most strongly religious individuals have come to realize that the U.S. Constitution won’t allow discriminatory religious doctrine to be the law in our nation. Besides, Christians too have been hurt by the irresponsible fiscal policies of the Republican Party.

If the Republican Party is to remain relevant in the future, they must purge the extremists - who have led them astray - from their ranks. They must accept responsibility for the Bush years, and admit that starting two wars while giving huge tax cuts to the very wealthy was not responsible. They must pledge to negotiate in good faith to move our nation forward. They must renounce pledges to powerful special interest groups which prevent them from putting our nation first. They must stop using divisive “social issues” to win votes. It’s not healthy for our nation.

And, Republicans must recognize and embrace that we are a diverse nation – not simply a nation of rich white men. For the strength of the Republican Party, and more importantly, the strength of our nation, they must embrace our nation’s diversity and learn to represent all Americans, not just the favored few.

To be sure, I don’t expect to see such changes any time soon. The modern day Republican Party “brand” is quite opposed to it, and their core voters are very committed to their narrow agendas. Besides, the very wealthy are very pleased with Washington gridlock, as it allows them to continue to benefit from historically low tax rates.

Watch closely what Republicans do over the next two years – especially those Grover Norquist controlled Republicans. Will they continue to hold our nation hostage by demanding more tax cuts for the very wealthy, with absolutely no compromise allowed? Or, will they put our nation first and begin to represent all Americans, not just the extremist fringe?

If the Republican Party continues to embrace the “new and improved brand” imposed by Karl Rove and Grover Norquist (two real life “Lead from Behind” dictators), their Party, and our nation, will continue to suffer.

Faulty Logic = Bad Math

In his ad, Congressman John Kline appears in an otherwise empty Metrodome, looks into the camera and tells us that “America’s national debt stands at 16 trillion dollars. It’s the equivalent to selling every seat in the Metrodome, every single day, for nine thousand years.”

It's unknown if Congressman Kline actually paid to rent those empty seats, or if he "borrowed" the Metrodome as a "Congressional Perk."

The announcer in Congresswoman Michele Bachmann’s ad tells us that “We all owe it, our portion of the national debt. Each of us owes over fifty thousand dollars to pay it off.” Congresswoman Bachmann then tells us, “I approve this message.”

It's not known if the baby's acting fee will be enough to pay their "debt," or if Congresswoman Bachmann invoked her "Congressional discount" to prevent the baby from joining the annoying middle class.

And, in his ad, Congressman Erik Paulsen, “the Math Guy,” tells us: “The national debt is up ten trillion dollars in 10 years. That’s fifty thousand dollars for every man, woman, and child. That’s unacceptable.”

It's unknown if his daughters were allowed to keep their acting fees for appearing in his ad, or if Congressman Paulsen demanded that they "donate" the funds to his campaign so that they don't learn to demand more "hand-outs" in the future.

These ads continue to drive home the message that the Republican Party has been repeating for almost four years: The deficit is our nation’s biggest problem. The hole President Obama – and all Democrats since the beginning of time - dug in creating it will cost each one of us, our children, and our grandchildren (not to mention their children and their grandchildren) more than $50,000 to pay off. 

(I have no idea why Congressman Paulsen went “off-message” to acknowledge that, perhaps, six years of the deficit might have actually originated during the Bush administration. The official Republican “fantasy” is that the entire budget deficit is the result of President Obama’s "failed policies" – which, for the most part, Republicans blocked him from implementing.)

Anyway, the Republican solution to our “deficit problem” is as it’s been for the last decade or so - take an axe to government programs, and use the money "saved" to provide more tax cuts for the very wealthy. After all, this worked so well during the Bush administration, when Dick Cheney assured us that "deficits don’t matter.”

But, I digress.

The above ads, and the recurring fantasy that “trickle-down economics” is somehow good for our nation, got me thinking. I know that “trickle-down economics” has been very good for the very wealthy, while being devastating for the middle-class and those less fortunate. But, how much does "trickle-down economics" really cost those who the Republican Party refuse to represent? Our nation’s deficit is just one cost. What other costs do Americans of modest means face?

Using the same faulty logic and flawed math demonstrated by Republican Representatives Kline, Bachmann, and Paulsen in their ads, I decided to find out. 

I decided to look at the cost of soda. Like other items in my shopping cart, the cost of soda has continued to rise. So, I looked up the total compensation for all named executives of the Coca-Cola Company (Coke) and PepsiCo (Pepsi).

According to their 2012 proxy statements, the named executives of the Coca-Cola Company (5 of them) received total compensation of $60,437,264 in 2011. The named executives of PepsiCo (6 of them) received total compensation of $63,441,406 in 2011. That’s a total of $123,878,670 for one year, for 11 executives at just two companies.

How that money is supposed to trickle-down into the pockets of “working class” Americans has never been clear to me.

But, using the same faulty logic, and the same bad math, as the three Republican Representatives, I did a bit of my own math. What I found was quite startling:

 

That’s right, at a consumption rate of one two-liter bottle per day, every day, for about 169,000 years, my family might come close to paying the total compensation for 11 top executives, at just two companies, for just one year.

Further, did your compensation go up during the Great Recession? At many large corporations, it sure did -- at least for their Chief Executive Officers.

At Coca-Cola, the CEO received $18,813,013 in 2009, $24,782,017 in 2010, and $29,115,573 in 2011, for a total of $72,710,603 in just three years. At PepsiCo, the CEO received $15,768,350 in 2009, $16,175,381 in 2010, and $17,116,089 in 2011, for a total of $49,059,820 in just three years. I don't know how many employees - if any - were laid off to justify such rewards.

Just like the faulty logic, and "voodoo math," used in promoting trickle-down economics, the faulty logic used in the three ads referenced above leads them to the claim that "every man, woman, and child in America owes over $50,000 to pay off our national debt." Hogwash. It’s our nation’s debt. Our nation is responsible for paying it off. How it chooses to pay is still to be determined. However, if the Republican Party has its way, 98% of the population will have to pay more, so that the favored 2% will be able to pay less.

Similarly, the “logic” used to show how many bottles of soda my family would have to buy to pay for one year of top executive compensation is equally flawed. The respective companies are responsible for compensating their executives, not my family.

In short, no matter how many times a politician, or a news corporation - especially Fox News - presents a “simple common sense solution” (such as Congressman Paulsen’s, “Just spend less”) to a complex issue, you’re probably being lied to. 

In a complex world, there’s no such thing as a "simple solution." No single issue stands alone. Everything is intertwined with something else. Everything has a cost. For each solution, there will be "winners" and "losers." And, just as in our personal lives, to be successful, our nation's leaders must consider numerous trade-offs involved in every decision they make. They should not be allowed to abdicate their responsibilities by signing away their minds to any special interest group. No matter how powerful people such as Grover Norquist, Karl Rove, or the Hunt Brothers might seem, selling out our nation to serve them is not a good idea.

Modern-day Republicans have decided to tip the scales in favor of the very wealthy. And, despite the pain already inflicted, their plan is to continue to do more of the same, no matter what it costs our nation.

Our economy and our nation’s fiscal health will only show significant improvement when a more normal,  balanced, approach is allowed to return.

I implore patriotic Republicans: Tear up the pledges, and start leading for a change. 

DISCLAIMER: I do not directly own any shares of either of the companies named, nor do I plan to acquire any shares in the foreseeable future. I suspect, however, that one of the mutual funds I have probably owns shares of both. Unlike the companies I directly invest in, I have not researched either the Coca-Cola Company or PepsiCo to make an informed decision regarding the appropriateness of either company for my investment portfolio. If I ever decide to do so, Executive Compensation will be just one of the many variables I will consider.

 

The Great White Hope

Courtesy of KSTP DTV-2, I was able to watch today's McCain-Palin rally at the Blaine airport live.

One overriding question remains. The McCain campaign is stressing "Country First." Just what - or who - does he think this country consists of? Rich white folks?

Other than the Secret Service Agents, just how many people of color were in attendance at today's rally? While a review of the tape would probably reveal more, I counted two (and one was placed strategically behind the candidates, so that she would always appear on camera).

Two - One. Two. Not exactly a representative demographic.

A few weeks ago, the ladies on The View were joking about the news media repeatedly interviewing the single black man or black woman they found at the Republican National Convention. The demographics of today's rally indicate little improvement has been made in selling the "Republican message" to anyone but rich white people.

On the issues, John McCain is almost sounding like a "liberal Democrat" these days. Today he's calling for more regulation of business. He even extolled the unthinkable for the Republican business lobby by suggesting that discredited executives "give back" their ill gotten gains.

No way do I believe that John McCain actually believes half the stuff he says while out on the stump. But which half does he believe? He seems to have put his campaign in the hands of the Karl Rove "win at all costs" crowd.

The wild Maverick has been broken. The "Straight Talk Express" has been silenced.

Whether John McCain becomes a good "trail horse" for the Republicans and their special interests remains to be seen. Right now, he seems to be the "good soldier" following orders from the commander managing his campaign.