Showing posts with label government regulation. Show all posts
Showing posts with label government regulation. Show all posts

Tuesday, June 19, 2012

Conservative Republican Economic Policies Are a Threat to American Democracy


























Conservative Republican Economic Policies Are a Threat to American Democracy

We certainly should worry about how the wealthiest 1 percent of Americans isn't paying its fair share of the cost of running the country. But we should be just as worried about how people at the other end are doing.

It's not just about the continuing wave of foreclosures. Millions of people are stuck in low-wage jobs that don't pay enough to make ends meet. And millions more live on incomes so low that it's hard to imagine how they survive.

Low-wage work is a pandemic. A third of our population ekes by on less than $36,000 for a family of three. That's 103 million people living on less than twice the poverty line, but most of them technically aren't poor or don't consider themselves poor. Yet they struggle every month to make ends meet and are one medical emergency or protracted illness away from bankruptcy.

Why so much low-wage work? Because over the past 40 years, well-paying industrial jobs disappeared, unions lost much of their clout, the minimum wage stagnated, and the field of competition in many areas became globalized.

The result: half of U.S. jobs now pay $34,000 or less a year. A quarter of U.S. jobs pay less than $22,000, the poverty line for a family of four. And the wages for those jobs have been stuck for four decades. Today, they pay only 7 percent more than they did in 1973.

Most families cope by having both parents work, but the rising number of single moms means that millions of households have just one possible worker. It's no wonder that 42 percent of single-mother families with children under 18 are poor.

Meanwhile, our safety net is in tatters at a time when 20.5 million people have incomes that amount to less than $9,500 a year. That's half the poverty line, which is currently pegged at $19,090 for a family of three. This number grew by almost 8 million between 2000 and 2010. Why? Cash assistance for the mothers and children who need it in many states has been scratched.

Many politicians still crow about the supposed "success" of Temporary Assistance for Needy Families (TANF), the threadbare national welfare program that replaced Aid to Families with Dependent Children during the Clinton administration.

At last count, Wyoming has a total of 617 people enrolled in its TANF program. The kids it covers comprise just 4 percent of the children in the state's poor families. Twenty-five states now provide less than 20 percent of their poor children with this kind of support.

Nationwide, the percentage of kids covered by these benefits has declined to 27 percent from 68 percent before President Bill Clinton and the GOP-controlled Congress "reformed" the welfare system. As a result, we have 6 million people whose only income is from food stamps. Food stamps provide an income of a third of the poverty line — about $6,000 for a family of three. This is the most urgent problem we face.

Rep. Paul Ryan and his House Republican colleagues want to make matters worse. They're touting a budget that would slash virtually every program that helps low-income people. Their rationale: we're helping too much.

But the House Republicans evidently think we're not helping the rich enough — their budget proposes massive new tax cuts for the wealthy. Robin Hood would turn over in this grave.

Seeing that work produces a decent income and that our people are prepared for the jobs of the future is cost-effective and will benefit corporate bottom lines. But there's an even more fundamental reason to act. The concentration of power and wealth at the top and the sense of political exclusion and impossibility at the bottom threaten a new order that's antithetical to the animating ideals of our country. Poverty and inequality are threatening our democracy.

This work is licensed under a Creative Commons License

Peter Edelman teaches at Georgetown University Law Center and co-directs the Georgetown Center on Poverty, Inequality, and Public Policy.
Even as we ever so slowly pull out of the economic crash caused by conservative Republicans, greedy bankers and arrogant Wall Street billionaires the people who are finding work are, on average, working for lower wages.

Government can be good and as efficient as the private sector - see chart above that measures citizens satisfaction.

The "Liberal Media" Continue To Hammer Obama

Experts Say Romney’s Defense Plan Doesn’t Add Up

Tuesday, February 7, 2012

Libertarianism The "Party of Oxymoron": "Individualists unite!"

Libertarianism The "Party of Oxymoron": "Individualists unite!"

Philosophy

    In the beginning, man dwelt in a state of Nature, until the serpent Government tempted man into Initial Coercion.
   
    Government is the Great Satan. All Evil comes from Government, and all Good from the Market, according to the Ayatollah Rand.
   
    We must worship the Horatio Alger fantasy that the meritorious few will just happen to have the lucky breaks that make them rich. Libertarians happen to be the meritorious few by ideological correctness. The rest can go hang.
   
    Government cannot own things because only individuals can own things. Except for corporations, partnerships, joint ownership, marriage, and anything else we except but government.
   
    Parrot these arguments, and you too will be a singular, creative, reasoning individualist.
    Parents cannot choose a government for their children any more than they can choose language, residence, school, or religion.
   
    Taxation is theft because we have a right to squat in the US and benefit from defense, infrastructure, police, courts, etc. without obligation.
   
    Magic incantations can overturn society and bring about libertopia. Sovereign citizenry! The 16th Amendment is invalid! States rights!
   
    Objectivist/Neo-Tech Advantage #69i : The true measure of fully integrated honesty is whether the sucker has opened his wallet. Thus sayeth the Profit Wallace. Zonpower Rules Nerdspace!
   
    The great Zen riddle of libertarianism: minimal government is necessary and unnecessary. The answer is only to be found by individuals.

Libertarians frequently cite this quote in isolation - While it is a moot question whether the origin of any kind of property is derived from Nature at all ... it is considered by those who have seriously considered the subject, that no one has, of natural right, a separate property in an acre of land ... Stable ownership is the gift of social law, and is given late in the progress of society. - Thomas Jefferson

Libertarians always ignore this passage
- Every society has a right to fix the fundamental principles of its association, and to say to all individuals, that if they contemplate pursuits beyond the limits of these principles and involving dangers which the society chooses to avoid, they must go somewhere else for their exercise; that we want no citizens, and still less ephemeral and pseudo-citizens, on such terms. We may exclude them from our territory, as we do persons infected with disease. --Thomas Jefferson to William H. Crawford, 1816

Friday, January 13, 2012

Conservative Welfare Queen Mitt Romney no stranger to tax breaks, subsidies




















Conservative Welfare Queen Mitt Romney no stranger to tax breaks, subsidies

As Mitt Romney defends his record running a private equity firm, he frequently points to a fast-growing Indiana steel company, financed in part by Bain Capital, that now employs 6,000 workers.

What Romney doesn't mention is that Steel Dynamics also received generous tax breaks and other subsidies provided by the state of Indiana and the residents of DeKalb County, where the company's first mill was built.

The story of Bain and Steel Dynamics illustrates how Romney, during his business career, made avid use of public-private partnerships, something that many conservatives consider to be "corporate welfare." It is a commitment that carried over into his term as governor of Massachusetts, when he offered similar incentives to lure businesses to his state.

Yet as he seeks the GOP presidential nomination, he emphasizes government's adverse effects on economic growth.

"Fundamentally, what happens in America that creates jobs is not government. It has its role. But by and large, it gets in the way of creating jobs," he said during a debate Saturday sponsored by ABC News and Yahoo.

Bain Capital began looking at investing in the steel start-up in late 1993. At the time, Steel Dynamics was weighing where to locate its first plant, based in part on which region offered the best tax incentives. In June 1994, Bain put $18.2 million into Steel Dynamics, making it the largest domestic equity holder. It sold its stake five years later for $104 million, a return of more than $85 million.
As Bain made its investment, the state and county pledged $37 million in subsidies and grants for the $385-million plant project. The county also levied a new income tax to finance infrastructure improvements to benefit the steel mill over the heated objections of some county residents.

"I'm very pro-business, but I'm not pro-business-welfare," said DeKalb County resident Suzanne Beaman, 58, who fought the incentives. Steel Dynamics "would have done fine without our tax dollars, I have no doubt."

Another steel company in which Bain invested, GS Industries, went bankrupt in 2001, causing more than 700 workers to lose their jobs, health insurance and a part of their pensions. Before going under, the company paid large dividends to Bain partners and expanded its Kansas City plant with the help of tax subsidies. It also sought a $50-million federal loan guarantee.

"This is corporate welfare," said Tad DeHaven, a budget analyst with the Washington-based Cato Institute, which encourages free-market economic policies. DeHaven, who is familiar with corporate tax subsidies in Indiana and other states, called the incentives Steel Dynamics received "an example of the government stepping into the marketplace, picking winners and losers, providing profits to business owners and leaving taxpayers stuck with the bill."

On Thursday, Romney acknowledged that government can help spur private enterprise.

"When I was governor of our state, we competed aggressively to get companies to move to our state and provide benefits to them if they were to decide to bring manufacturing jobs, for instance," he said during a campaign stop in Greer, S.C. "That's the nature of competition between states. I'm happy with competition and do believe in free enterprise."

The outline of the tax subsidies to Steel Dynamics was initially provided to the Los Angeles Times/Tribune Washington Bureau by American Bridge 21st Century, a pro-Democratic "super PAC." The details emerged during a week in which Romney has repeatedly cited Steel Dynamics as an example of his successful job creation while he was head of Bain Capital.

Launched as a start-up at a time when many American steel mills were foundering, Steel Dynamics is the fifth-largest producer of carbon steel products in the country, generating $6.3 billion in revenue in 2010.

Government support was a key ingredient to getting it off the ground.

When local officials in DeKalb County learned that three veteran steel mill executives were starting the company in 1993 and looking for a home for their new mini-mill, they pulled out all the stops. "These people don't just drive by and choose accidentally to be your neighbor," said Jack Bercaw, a Butler businessman who was co-chairman of the recruitment drive.

The county promised $23.4 million in property tax abatements and tax increment finance bonds, as well as a new income tax to generate economic development funds. The latter was required by the state, which shelled out another $13.6 million in tax credits, energy grants, workforce training and funds for roads.

A new quarter-percent tax on DeKalb County residents financed infrastructure improvements such as roads and railroad exchanges that benefited Steel Dynamics, Bercaw said. The county also created a new redevelopment commission and redevelopment authority to oversee the activity.

Steel Dynamics executives did not respond to requests for comment. But in a 1994 interview with a trade journal, then-Chief Executive Keith Busse said the $4.4 million the company initially received in state tax credits, in particular, helped persuade Steel Dynamics to locate in Indiana. Busse told a business panel that same year, however, that he was opposed to the new income tax levied by DeKalb County, according to the Fort Wayne Journal Gazette.

David Stickler, an investor and advisor specializing in the steel industry who engineered the original financing package that launched Steel Dynamics, said the $37 million in grants and subsidies was not only a financial boost, but also helped persuade larger lenders to sign on.
"What I've found is that the senior lending banks, especially lenders from overseas, take great comfort in the fact that the local and state government entities are showing a willingness to partner on the project," Stickler said.

Boston-based Bain became involved with Steel Dynamics about two months after the company formed in 1993. At that point, the management team had already sought incentive packages from the state and county. Stickler said Bain executives were well-briefed on the proposed deal and noted that they were particularly thorough in examining the intricacies of the deals' structure.

"They lifted up every rock, they stress-tested every financial scenario," Stickler said. "Before they put their money into a transaction, they wanted to know that as many of the risks have been mitigated as possible."

A spokesman for Bain said Thursday that the private equity firm "has had a 28-year track record of growing great companies, including partnering with the management team to help to launch and grow Steel Dynamics. We are extremely proud of the work our employees have done throughout our history to build our businesses and improve their operations."

In DeKalb County, the tax incentives rankled some local residents, who protested the deal at county government meetings.

Tim Heffley, then a Democratic county commissioner, was opposed to the new tax but was outvoted. "I was just against any company getting handouts from the government, corporate welfare," said Heffley, who nevertheless praised Steel Dynamics as a good company that has brought jobs to the region.

Nearly two decades later, some are still smarting about the subsidies.

America is being sold the BIG Lie by conservatives. In election years or when a Democrat holds an office conservative think they have some kind of moral right to have, conservative preach the gospel of super pure capitalism. yet time and again conservatives lie. The capitalism they practice is never pure. They get help from influential friends, state and federal government. America should demand that conservatives stop the Big Lies. While we all get to read the eventual truth and feel some vindication that at least these raging hypocrites were exposed, millions of Americans have lost their jobs because of conservative economic policies.

Monday, December 26, 2011

Republicans Come Out of the Closet, They Just Don't Like Anyone Having Sex, Unless its With Them

















Republicans Come Out of the Closet, They Just Don't Like Anyone Having Sex, Unless its With Them

The Republicans ban women from having sex (except with them)

In 2011 America's right wing, and especially the Christian right wing, at last let slip what their problem is with contraception and abortion: it's not squeamishness, morality or a fondness for hanging outside Planned Parenthood clinics toting misspelt placards – they just don't like women having sex. At all. As Amanda Marcotte wrote this week, in 2011 the anti-choice movement "stopped trying so hard to manage mainstream perceptions of themselves as somehow just great lovers of fetal life, and are coming out with their anti-sex agenda". This was borne out in their frankly unhinged attacks on Planned Parenthood, the HPV vaccine, insurance coverage of contraception and, as I discussed last week, the puritanical mood they created that encouraged President Obama to restrict access to Plan B, or the morning-after pill, none of which have much to do with abortion and everything to do with women's temerity to have sex.

Thus, in 2012 the Republicans propose the female anti-sex bill, in which women are expressly forbidden from having sex with anyone other than the occasional lecherous politician who happens to hurl himself, bodily, sweatily, in her lucky, lucky path.

Newt Gingrich becomes the face of the family values party

And here's one Republican politician who definitely doesn't mind women having sex, as long as it's with him. And there does seem to be a surprising number of candidates for the job, considering he looks like the Stay Puft Marshmallow Man in Ghostbusters, and his name is Newt.

For those of you who haven't had the pleasure – of meeting him, I mean, of course, of meeting him – here is a crash course in the Republican party's current presidential front runner. This champion of family values cheated on his second wife with a woman 22 years younger than him at precisely the same time he was attempting to impeach Clinton for – and maybe you saw this part coming – cheating on his wife with a woman 22 years younger than him.

Gingrich claimed that his actions stemmed from "how passionately I felt about this country" and, truly, nothing says "patriotism" more clearly than taking your pants off and banging a congressional aide – as long as you're Newt Gingrich, of course. He declined to attend the wedding of his lesbian half-sister, Candace Gingrich-Jones, having referred to gay marriage as "a temporary aberration" and, really, there is no one better placed to sound off on the sanctity of the institution of marriage than Newt Gingrich. Sadly, space prevents me from getting too deeply into other subtleties of Newt's character – that he condemned Freddie Mac for its part in the housing collapse while omitting to mention that he had received $1.6m from them as a consultant, say – but let's just say that he is the perfect summation of all the ticklish and self-serving contradictions one now expects of a party that argues for tax breaks for the rich while pretending to be a friend of the working man. Newt for 2012!

Conservatives constantly betray their small government platform. Name one segment of private or personal life in which conservatives have not tried to get government to regulate, spy on or dictate about. OK, conservatives are sure the individual right for any America to dump their toxic waste on other Americans is in the Constitution. Conservatives are also sure that just about everyone - women, people of color, non-right-wing Christians, people with disabilities and everyone who exercises has fewer rights than they do.

Wednesday, November 2, 2011

Anit-American Conservative Shift Blame for Recession on Poor and Middle-Class Americans

Private lenders held most sub prime loans


Wealthy homeowners have stopped paying mortgages at greater rate                                         




















































Myths and Facts about the Financial Crisis

The conservative spin machine went into overdrive after the financial crisis exploded the claim that unregulated markets always work best. Talking points fed to sympathetic columnists and reporters told an alternate, racially tinged tale: poor people were to blame. In the mythos they created, the Community Reinvestment Act forced banks to “loosen underwriting standards” and to lend to the poor and those with poor credit, forcing Fannie Mae and Freddie Mac, the “800 pound gorilla in the room,” to careen down the path of bad loans, dragging other lenders with them. Incredibly, conservatives blame insufficient regulation of Fannie and Freddie, and cite the Clinton administration as the architect of the mortgage industry’s collapse.

Of course, none of this stands up to scrutiny. Here’s a guide to the most widely spun myths:

Myth #1: De-regulation had nothing to do with this crisis

The Facts
Conservative de-regulation left Wall Street with no cop on the beat. Bush’s conservative appointees rolled back regulation and oversight of banks, insurers, lenders, and credit raters. - The explosion in subprime loans after 2000 were made by unregulated mortgage companies, and the vast majority of them were issued to higher income borrowers, not low- to moderate-income borrowers. - The Gramm-Leach-Bliley Act of 1999 (GLBA) dismantled Depression-era law that had prohibited bank holding companies from owning other financial companies such as investment, commercial banking, and insurance companies. GLBA ignited a wave of mergers and hampered government regulators charged with preventing conflicts of interest and risky financial behavior.

Myth #2: Private lenders were pressured into giving out risky loans

The Facts
Private lenders—not the government-backed Fannie and Freddie—issued the vast majority of subprime loans, and to low- and moderate-income borrowers in particular. Fannie and Freddie did not guarantee and securitize large quantities of subprime loans. - In fact, Fannie Mae actually lost market share because it chose not to “participate in large amounts of these non-traditional mortgages in 2004 and 2005” because it “determined that the pricing offered for these mortgages often was insufficient compensation for the additional credit risk associated with these mortgages.” As economist Dean Baker stated, “Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector….In short, while Fannie and Freddie were completely irresponsible in their lending practices, the claim that they were responsible for the financial disaster is absurd on its face—kind of like the claim that the earth is flat.” - In testimony before the House Committee on Oversight and Government Reform, Lehman Brothers CEO Richard Fuld acknowledged that Fannie and Freddie’s role in Lehman’s demise was “de minimis,” or so small that it does not matter.

Why are conservatives acting like mad dogs in a fevered attempt to blame government, or Clinton or anyone but Wall Street for the housing meltdown and subsequent recession. Because the private sector is never to be held responsible for anything according to conservative dogma. The private banks just cannot make mistakes in Republicans fantasy world.

More here - Did the Poor Cause the Crisis?

Did Liberals Cause the Sub-Prime Crisis? - Conservatives blame the housing crisis on a 1977 law that helps-low income people get mortgages. It's a useful story for them, but it isn't true.

Rich Defaulting on Mortgages At Highest Rate







Saturday, September 17, 2011

Conservatives Gone Nuts - The Hysterical Claim By Republicans That Social Security is a Ponzi Scheme


















"Ponzi! Ponzi! Ponzi!" Conservative Republican Media Dig In On Social Security Lie

Right-wing media have continued to claim that Social Security is a "Ponzi scheme." However, experts say that people who make this claim "are very wrong."

Stossel: "Ponzi! Ponzi! Ponzi! There, I Said It. ... People Need To Hear It." In a September 13 Washington Examiner op-ed, Fox Business host John Stossel wrote that "[t]o the extent people believe there are trust funds with their names on them, Social Security is absolutely a Ponzi scheme."

- Texas governor [Rick Perry] is under attack for telling the unpleasant truth. At the GOP debate in Florida on Monday, CNN's Wolf Blitzer asked presidential contender Rick Perry whether he was changing his tune after other Republicans and pundits slammed him for saying Social Security is a "Ponzi scheme." The Lone Star State chief executive stood his ground: "It has been called a Ponzi scheme by many people long before me."

Mr. Perry is correct in his assessment, but Republicans shouldn't waste air time arguing semantics.

-Hannity And Gasparino Agree: Social Security "Is A Ponzi Scheme." During the September 13 broadcast of Fox News' Hannity, host Sean Hannity and Fox News contributor Charles Gasparino claimed that Social Security "is a Ponzi Scheme."

Experts: People Who Call Social Security A Ponzi Scheme "Are Very Wrong"

SSA Historian: Social Security's "Structure, Logic, And Mode Of Operation Have Nothing In Common With Ponzi Schemes." From a January 2009 post by Social Security Administration (SSA) historian Larry DeWitt:

    In contrast to a Ponzi scheme, dependent upon an unsustainable progression, a common financial arrangement is the so-called "pay-as-you-go" system. Some private pension systems, as well as Social Security, have used this design. A pay-as-you-go system can be visualized as a pipeline, with money from current contributors coming in the front end and money to current beneficiaries paid out the back end.
   
    Unlike A Ponzi Scheme, Social Security Discloses Its Finances
   
    Ponzi Schemes Rely On Fictional Accounting To Pretend That Contributors' Money Is Being Invested. From the Securities and Exchange Commission:
   
        A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity. [Securities and Exchange Commission, accessed 9/8/11]
   
    But Social Security's Finances Are Fully Disclosed To People Paying Into The System. The SSA publishes an annual report on the finances of the Social Security trust fund. The latest 235-page report was published on May 13 and is available on the SSA website. [Social Security Administration, 5/13/11]
   
    Social Security Trust Fund Is Invested In Government Bonds. From Dean Baker's "Letter to Gov. Rick Perry on Social Security Comments":
   
        Dear Governor Perry,
   
        When asked about Social Security during a recent campaign stop in Iowa, you said:
   
        "It is a Ponzi scheme for these young people. The idea that they're working and paying into Social Security today, that the current program is going to be there for them, is a lie," Perry said. "It is a monstrous lie on this generation, and we can't do that to them."
   
        With all due respect, this is not true. The recommendations of the National Commission on Social Security Reform in 1983 led to the growth of a large surplus in Social Security. This surplus was used to buy bonds and now Social Security holds more than $2.6 trillion in government bonds. As a result, the Congressional Budget Office's projections show that the program will maintain full solvency through the year 2038. [Center for Economic and Policy Research, 8/29/11, emphasis in original] - with minor tweaks Social Security will remain solvent for your great great great grandchildren.

   
    Unlike A Ponzi Scheme, Social Security Is Not At Risk Of Not Having Enough Investors
   
    A Ponzi Scheme Inevitably Collapses When The Organizer Runs Out Of New People To Defraud. From the Securities and Exchange Commission (SEC):
   
        With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out. [Securities and Exchange Commission, accessed 9/8/11]
   
    But The Government Can Continue To Collect Taxes To Pay For Social Security Indefinitely. From a CNNMoney piece by professor Mitchell Zuckoff:
   
        Social Security is exactly what it claims to be: A mandatory transfer payment system under which current workers are taxed on their incomes to pay benefits, with no promises of huge returns. (Of course, it's true that if Madoff had the power to require participation, he would have had an easier time keeping his alleged scheme rolling.)
   
    Second, Social Security isn't automatically doomed to fail. Played out to its logical conclusion, a Ponzi scheme is unsustainable because the number of potential investors is eventually exhausted. That's when the last people to participate are out of luck; the music stops and there's nowhere to sit.

The Right has always hated Social Security because it is an egalitarian system which helps provide a buffer to keep seniors out of extreme poverty. If Social Security is a scheme than what was that we witnesses from 2007 to 2008 - when the housing market and Wall St collapsed. When it did it wiped out a lot of middle-America's life savings. The only thing they will likely have in retirement is S. Security.

Thursday, August 18, 2011

2012 Anti-American Republican Presidential Candidates Literally Hope More Americans Die

























































In a current article at the NYT Republican presidential candidates brag about how they want to gut environmental protection for workers and families. While this column only mentions Texas Deranged Conservative Rick Perry, the other canidates are running on the same platform - Washington’s Anti-Regulatory Crusade, and Why Your Job Hasn’t Killed You Yet

On the campaign trail, Republican presidential hopeful Rick Perry is spreading the gospel of Perrynomics—a magical job-creation formula based on minimal government regulation of industry, combined with tiny tax rates and tight controls on lawsuits. In a state that seems inclined to cannibalize its own government, this agenda plays well. But a closer look reveals the high price of low regulation.

In recent months, politicians in both parties, including the White House, have claimed that scaling back regulations would unleash economic growth, suggesting that businesses should be liberated from rules that protect the environment, occupational health and other public interests. But a new analysis by Public Citizen presents a few unsung gems of federal bureaucracy that help keep us happy, healthy and sane. Several of these regulatory chart-toppers, not surprisingly, were enacted in defiance of heavy political pushback:

Clearing the Air. Since the days of the Lowell mills, so-called “brown lung” has been a hallmark of the miserable toil of poorly ventilated, dust-clogged textile factories. The disease, also known as Byssinosis, has historically hit women especially hard, spreading its signature coughing and lung scarring to thousands of workers around the world. The epidemic was virtually ignored until the 1960s and 1970s. Then came OSHA's 1978 rule requiring more lung-friendly machinery, and within a few years the prevalence of brown lung in the industry fell by an estimated 97 percent. And employers' grumbling about the "costs" of the rule faded when it became clear that the reforms improved the industry's efficiency as well.

Rule of (Keeping Your) Thumb. You'd think a rule that helps keep workers from getting accidentally hacked to pieces would be somewhat popular. But in the late 1980s, the National Association of Manufacturers (NAM) didn't mind sacrificing a few extremities here and there to resist the evils of regulatory "burdens." Industry moguls sued to block the Lockout/Tagout rule, which would force employers to mark potentially hazardous equipment with colored tags and provide safety training for workers. But the rule passed, and according to Public Citizen, made the shop floor a much less terrifying place:

An analysis of two union databases conducted in 2000 showed that hazardous energy-related fatalities declined, depending on the industry, by between 30 percent and 55 percent in the years following the enactment of the Lockout/Tagout rule.... OSHA currently estimates that the regulation prevents a total of 50,000 injuries and 120 fatalities per year.

Even NAM eventually backed off its opposition to the rule, apparently recognizing that workers do a better job when they have all their fingers.

Caves not Graves. OSHA issued safety standards for excavacation-related construction in 1989, designed to protect workers from subterranean collapse. Basic structural protections for trenching and excavation worksites have since become standard practice, and Public Citizen calculates that the reforms correlate with "a 40 percent decrease in the fatality rate."

Fire on the Prairie. A generation ago, America's farming industry was booming, in a really bad way. Grain facilities like silos and grain elevators were prone to deadly explosions when combustible grain dust mixed with hazardous gases. In spite of initial opposition from agribusiness groups and Reagan administration officials, OSHA enacted the Grain Handling Facilities Standard, which established environmental controls for dust and gas and required protective gear for workers. After seeing a “95 percent drop in explosion-related fatalities for certain facilities," reports Public Citizen, even industry groups eventually had to admit that workplaces that don't spontaneously explode are good for business.

Coal Quagmire. Despite major strides in workplace health and safety over the years, weak regulations and shoddy enforcement still plague various sectors. Public Citizen points to a dramatic reduction in coal mine-related deaths since Congress passed the Mine Safety and Health Act of 1969, which the group describes as “the first comprehensive mine safety law creating mandatory inspection requirements, enforceable health and safety standards, and civil and criminal penalties for willful violations.”

But although Big Coal's underground empire has become less lethal, the many workers who perished in the West Virginia Massey mine tragedy more than a year ago are a testament to the dangers that still loom over workers every day. Politician's promises to strengthen mine worker protections have faded in recent months, and Massey Energy's sordid environmental and safety record has so far not compelled decisive action to prevent future disasters.

As industrial criminality mounts, protecting workers and the public from harm remains unfinished business. Yet Rick Perry and his Beltway brethren continue to preach their anti-regulatory gospel, peddling the fable that we will somehow get more jobs if the institutions that keep us safe, can't do their jobs.


Michelle Chen is a contributing editor at In These Times.
How can conservatives call themselves patriots or pro-America when they want to enact pro-death to Americans legislation. Who knows. These are the same people who hang on every lie put out by anti-American pundits like Rush Limbaugh and Andrew Breitbart.

Rep. Allen West (R-FL) gets the crazy weirdo conservative salute of the day - It's Only The Race Card When You Play It

Most blatantly unethical venal conservative, as of today Rep. Darrell Issa (R-CA) - Exclusive: Goldman Sachs VP Changed His Name, Now Advances Goldman Lobbying Interests As A Top Staffer To Darrell Issa . Why are conservatives try to destroy America by pushing it down into a sewer of corruption?