Nel's New Day

February 22, 2014

Discrimination, Fracking, Christie, Net Neutrality, Economy

The past few days have brought more information on the following topics:

Arizona’s Discrimination Bill: In its attempt to give everyone in the state the right to discriminate against LGBT people, the legislature has passed a law that would permit discrimination for everyone. The bill, awaiting Gov. Jan Brewer’s signature by this coming Tuesday, would prevent the government from enforcing any anti-discrimination law if the refusing party claims religious reasons.

These are some ramifications in addition to those listed in yesterday’s Nels New Day:

 

  • Employers could pay men more than women—for religious reasons.
  • Legally accrued interest on liens or other amounts owed to private individuals or entities could be refused—for religious reasons.
  • Corporations could refuse to hire people from another religion—for religious reasons.

 

Four businesses, each with the potential of hiring over 1,000 people, have already said that they will not come to Arizona if the bill goes into law. That will happen if Brewer signs it or fails to veto it by this coming Tuesday. Hundreds of people protested in both Phoenix and Tucson yesterday against the measure. 

arizona protest

To the millions of people in the United States who think that fracking is just fine:

Fracking: Rex Tillerson, CEO of fracking company Exxon, wants to frack near everyone else’s property but not his own. He is part of a lawsuit to stop a 160-foot water tower next to his Texas home. The tower would supply water to a nearby fracking site. Plaintiffs—including Tillerson—argue that the proposed project would have too much noise and traffic. The CEO’s lawyer said that Tillerson is worried about his property being devalued. Acting as Exxon CEO, Tillerson has objected to opponents of fracking when he said in 2012:  “This type of dysfunctional regulation is holding back the American economic recovery, growth, and global competitiveness.” The company in charge of the water tower, Cross Timbers Water Supply Corporation, claims to be exempt from zoning laws because it’s a public utility. It’s a massive case of NIMBY (Not in My Backyard).

New Jersey Gov. Chris Christie: Once again, the GOP governor under fire has lost federal money for his state, this time $7.67 million after he reversed his opinion about setting up a state health insurance exchange. The state applied and received the grant two years ago. A year later, Christie announced that they would accept a federal insurance marketplace. Last Thursday was the deadline for the state to submit an acceptable plan for using the grant money, including marketing or expanding outreach. The state missed the deadline, keeping 95,000 New Jersey residents uninsured. Conservatives criticized him Christie for accepting the Medicaid expansion; perhaps this hopes to appease them for a future presidential run.

Net Neutrality:  One of the few GOP women in Congress, Rep. Marsha Blackburn (R-TN) wants people in the United States to pay more for internet access and allow Big Business to run a monopoly. Yesterday she introduced a bill to prevent the FCC from rewriting the agency’s rules for equal access across the nation. If she stops the FCC, internet providers can block or slow access to specific websites to increase their earnings. Ironically, it’s called the Internet Freedom Act, and Blackburn proclaims that it will “return the keys to the free market.” As usual, she describes these rules as “job-killing regulations” that “restrict our Internet freedom.”

U.S. Economy:  Most of the markers for an improving economy show that the country is improving: growth in the housing market and number of jobs; drop in energy costs; and record high corporate profits and stock market. At the same time, unemployment is too high, and wages are too low, causing the huge decrease in the middle-class share of wealth. Student loan debt is at a record high, and consumer confidence is low.

These two charts show why.

Chart 1: Availability of investment money should be making the U.S. grow faster than China. Businesses are getting more and more money with lower taxes, less regulation, tax-funded price supports, loss of unions, and free new technology.

Chart 1

 

Chart 2: Businesses are using their money to repurchase their own stocks to increase management salaries and hoard their cash and bond holdings. People buy products, and businesses stash it away while complaining that they don’t have the money to hire more people.

Chart 2 

Higher tax rates during the terms of Eisenhower, Kennedy, Johnson, Carter, and Clinton increased investment. During the terms of Nixon, Reagan, and George W. Bush, investments dropped as taxes were cut.

Therefore this week the GOP wants to allow religious discrimination to everyone for everything, let “special people” avoid the problems of fracking, refuse health care to poor people, charge people more for unequal access to the internet, and allow Big Business to hoard money and kill jobs.

 

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