Showing posts with label Nancy Pelosi. Show all posts
Showing posts with label Nancy Pelosi. Show all posts

Tuesday, May 14, 2019

What is the Bully Mentality?

The Mortgage Corner 


The Trump administration and congressional Republicans’ “stonewalling” efforts, as House Majority Leader Nancy Pelosi has put it, are the latest example of the bully mentality, but few pundits or even Democrats seem to understand its exact meaning.

I began to write about the bully mentality, as I called it in 2014, initially in response to Republicans’ bullying tactics, such as House Majority Leader John Boehner’s “no compromise” vow to block any Democratic legislative initiatives, rather than negotiate bills and policies acceptable to both sides of the aisle.

And Republicans have been getting away with using such bully tactics to forward their agenda for years, perhaps even since House Majority Leader Newt Gingrich in 1994 as part of the Contract With America dissolved the congressional joint committee to work out differences in legislation with Democrats, “because I can”.

And Democrats don’t seem even now to want to confront Republican stonewalling in carrying out their constitutionally mandated oversight of the Executive Branch when the White House is attempting to block every attempt to investigate the many possible crimes enumerated in the Mueller Report.

Most people recognize bullying when they encounter it—someone using strong- arm techniques in the school yard, or cyberbullying in social media—but not the bully mentality behind it.
Personnel Today, an organizational management website, provides an easy definition: “Bullying behavior often seems gratuitous, with no obvious motivation other than to cause pain and humiliation and satisfy something in the mind of the bully.”

It lists the characteristics of a bullying mentality:
o Underlying feelings of insecurity, inadequacy and a fear of ‘being found out’
o Fear that their status is based on their position, rather than their own qualities
o Being in the wrong job (fearing that they are ‘not up to it’)
o Authoritarian personality characteristics
o Excessive use of defense mechanisms, such as projection, rationalisation, displacement and denial
o An inability to accept or engage with their own shortcomings
o Trying to ‘right wrongs’ – taking revenge on innocent people for perceived wrongs done to them
o Boosting their own ego by undermining other people
o Feeling a need to crush people whom they perceive as a threat to their precarious status

Most research on bullying has been with schools as they have been battling the rise of bullying in schools.

Following the 2016 Presidential election, the Southern Poverty Law Center conducted an online survey of 10,000 K-12 teachers, counselors and administrators on the negative impact of the election. Educators reported a skyrocketing of targeting and harassment of students that began last spring, most frequently in majority white schools, including verbal harassment, slurs and derogatory language, and incidents involving Nazi salutes, swastikas and Confederate flags.
“The behavior is directed against immigrants, Muslims, girls, LGBT students, kids with disabilities and anyone who was on the ‘wrong’ side of the election,” reads the SPLC report, The Trump Effect: The Impact of The 2016 Presidential Election on Our Nation’s Schools. “It ranges from frightening displays of white power to remarks that are passed off as ‘jokes.’” Ninety percent of educators say their schools have been negatively impacted for the long-term, while 80 percent said students are increasingly worried about the effect of the election on themselves and their families.”
And a national survey just released by the Human Rights Campaign found that bullying—which has occurred more frequently since the onset of the 2016 presidential campaign—is on the rise since the election.
“The survey of 50,000 young people ages 13-18 is the largest study of its kind, and it tells a disturbing story. Seventy percent of teens said they witnessed bullying, hate messages or harassment during or since the election. Of those incidents, 70 percent were racially motivated, 63 percent were based on sexual orientation, 59 percent were motivated by immigration status, and 55 percent of incidents were related to gender.”
Such behavior cannot be tolerated in a participatory democracy such as ours. The current White House’s behavior is a case in point, and endangers more than our domestic security, but that of our democratic allies as well.

It endangers our warming planet as well, when such a bully mentality prevails in our alliances, including the Paris Accord which many be the world’s best effort to mitigate global warming that even the US Pentagon warns endangers national security.

One vanguishes bullies by standing up to them—in whatever form they manifest, whether a dictator, autocrat, terrorist or gang leader—who we mustn’t forget prey on the weak and defenseless, yet seem to magically disappear when the fear they attempt to engender is opposed by sufficient courage.

Harlan Green © 2019

Follow Harlan Green on Twitter: https://twitter.com/HarlanGreen

Wednesday, November 7, 2018

What Will 1% Do with Demo's Blue Wave?

The Mortgage Corner 


Now that the Democrats will be taking back the US House of Representatives in January, can they enact programs that improve the record income inequality in America? American citizens have the least equal incomes in the developed world, as the EPI graph shows. And that has been a major reason for the sluggish recovery from the Great Recession, when 25 percent of Americans still live below the poverty line for a family of four, incredible as that may seem.

The Economic Policy Institute, a labor think-tank reports newly available wage data for 2017 show that annual wages grew far faster for the top 1.0 percent (3.7 percent) than for the bottom 90 percent (up only 1.0 percent). The top 0.1 percent saw the fastest growth, up 8.0 percent—far faster than any other wage group.

This fast wage growth for the top 0.1 percent reflects the sharp 17.6 percent spike upwards in the compensation of the CEOs of large firms, thanks to the massive stock buyback programs.

There is much evidence that the Republicans’ December 2017 tax cuts are largely responsible for the surge in buybacks. That has been little noticed because of the initial 3.5 percent GDP growth estimate for Q3, when consumer spending shot up 4 percent, and inventories were replenished that boosted growth.

Apple, for instance, in May announced a $100 billion share repurchase program and so far in 2018 it's tripled its share repurchases over the first half of last year. S&P 500 companies are on track to return a record $1 trillion (via buybacks and dividends) to shareholders.

Cisco Systems said earlier it would bring back to the United States $67 billion of overseas cash in response to the tax package, using $25 billion to finance additional share repurchases. Alphabet, the parent company of Google, authorized up to $8.6 billion in stock purchases. PepsiCo announced a fresh $15 billion in planned buybacks. Chip gear maker Applied Materials disclosed plans for a $6 billion program to buy shares. And late last month, home improvement retailer Lowe’s unveiled plans for $5 billion in purchases.

Nancy Pelosi, who will be returning as the House Majority Leader, has said one of the Democrat’s priorities is a new infrastructure bill that would require $1 trillion of federal spending. Where would that money come from with a projected federal deficit of $1 trillion in coming years due to reduced tax revenues from the Republican tax cuts?

Another Democratic House leader has said they will want to boost the nominal corporate tax cut from its current 21 percent rate. In fact, the actual tax rate is far below that for most major corporations, because of the various loopholes and tax shelters available to corporations, including having headquarters in low taxation countries, such as Ireland.

Josh Bivens, the EPI research director, estimated that “the effective rate will all but surely dip below 15 percent and get close to 10 percent.” An analysis from the University of Pennsylvania’s Wharton School Budget Model, the average effective tax rate for corporations will be about 9 percent in 2018 but go up to 18 percent by 2027, thanks to some of the provisions that will expire over the next 10 years.


There are in fact many other ways to divert federal funds from overfunded programs, such as reducing the defense budget. Estimated U.S. military spending is $716 billion, according to the Washington Post, now 17 percent of the $4 trillion federal budget. That's part of the spending bill signed by President Trump on August 13, 2018. It covers the period October 1, 2018 through September 30, 2019. Military spending is the second largest item in the federal budget after Social Security.  The United States spends more on defense than the next nine countries combined

More important was the 3.1 percent rise in wages in the Q3 GDP report that may mitigate the record income inequality, as do the various minimum wage boosts is some cities and states. But the overall picture remains bleak, as the EPI graph shows, unless other labor friendly legislation is enacted to strengthen, for instance, collective bargaining rights of unions in right-to-work states enacted by Republican legislatures since 2010 in particular.

Harlan Green © 2018

Follow Harlan Green on Twitter: https://twitter.com/HarlanGreen