Kevin Hassett is a White House economic adviser. In an interview with Dana Bash on CNN’s State of the Union Sunday, he was asked about how long the current double-digit unemployment rate would continue. Naturally, as a loyal Trump crony, he refused to answer a direct question with a direct answer. The truth is he knows nothing and is therefore unable to answer an intelligent and simple question.
“Our capital stock hasn’t been destroyed, our human capital stock is ready to get back to work, and so there are lots of reasons to believe that we can get going way faster than we have in previous crises,” Hassett said on CNN.
Was he speaking in fascist terms? “Capital stock” is a term often used when discussing ‘Eugenics.’ Was Hassett suggesting that he believes an “all-white” work force will replace the men and women who lost their jobs due to the coronavirus pandemic?
When he was asked about additional funding for state and local governments, he claimed it ‘is not necessary.’ He called the idea “bailouts.” It always amazes me how the right-wing continues to give tax breaks and other bailouts to large corporations, but when the same idea is applied to anything which would aid the majority of the American people, they vehemently reject the idea. Both parties were quick to sign onto the idea of bailouts for the largest businesses in the world, the American banking system, automobile manufacturers, the airline industry and other in 2008, but nearly nothing for the working class in 2020?
When Trump passed his misnamed Tax Reform, he was eager to offer permanent tax breaks for the one percent and large corporations, but only a one-year reduction for the middle class. His foolish idea is adding trillions of dollars to the national debt.
By the way, I think it’s important to understand what the middle class is in the 21st century. A household income is defined by an annual income between $48,000-$145,000. A family of three is considered impoverished if the annual income is $21,720 or less; approximately 14 percent of all Americans. Add to this low-income Americans and approximately 27 percent of all Americans struggle to survive when they are working.
In America there are currently 623 billionaires. Add to this huge number 18 million, millionaires in 2020 and you’ll understand the real reason the United States is called the wealthiest nation in the world. It is not because the average working man or woman has large amounts of ‘disposable income;’ most lower middle-class Americans live beyond their means with the use of credit cards, high car payments, and other monthly expenses.
Every year the income gap widens. Yes, as the song says: “The rich are getting richer and the poor are getting poorer.” Unrestricted capitalism is the force behind the recreation of America into a “third world country.”
Once again, those who will suffer most from the economic downturn resulting from Covid-19 are low income and impoverished Americans. Many low-middle class families will be added to the low-income level. So, why do Republicans refuse to focus stimulus packages on those who need most; those who actually do the necessary work in America? Why have the one percent received aid from taxpayer money? They don’t need it.
The answer is sad and the truth. Today’s Republicans in name only are tools of special interests; the wealthy, big corporations, and groups including the Christian Religious Right, and the NRA Gun Lobby.
Trump’s plutocracy must be stopped. Most importantly, a plutocracy cannot exist in a democracy. Trump’s fascist policies will continue the spread of a growing plutocracy and his party is supporting the destruction of America.
Voting is not a choice, it’s your duty and obligation. We can save the futures of our families and friends. The right-wing and their master have become the enemy of the majority.
Op-ed by James Turnage
My eight novels are available on Amazon