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FAT, LAZY AND STUPID: Mississippi’s 99 percenters just sit, smoke and squander opportunities

November 17th, 2011 2 comments

Reading the national reports of the Occupy protests has me conflicted as I walk in and out of the offices of the Mississippi Business Journal in downtown Jackson.

The national reports conjure up heady folks making an impact on the world as they take on economic inequality and corporate irresponsibility.

Even if, nationally, the scruffy group has been prone to violence, defied police and shown evidence of drug use while camping in public parks across the country — there has been a sense of urgency in the message that is being delivered.

In Mississippi — Smith Park in downtown Jackson, in particular — there is little sense of urgency or sense of purpose.

In interviews we have done with the group, the talking points are all generic and don’t have any specifics that would lead one to believe the Mississippi group is doing anything other than taking up space in a public park.

On the national level, experts say the public supports the message of the Occupy Wall Street movement even if people have reservations about the encampments themselves. And political observers say Democrats may be missing a chance to reinvigorate their base.

In Mississippi, however, there are people protesting for the sake of protesting.

They sit around much of the day smoking, eating and sitting.

Every once in a while, you will hear five minutes of chanting during the lunch hour.

But largely, the Occupy protesters of Mississippi are lazy — even to their own cause.

They have done nothing to educate Jackson’s business community, which walks past the group by the thousands daily. Yet Occupy Mississippi’s numbers generally aren’t enough for a pick-up flag football game in my back yard.

With Mississippi being a conservative state, to begin with, the Occupy team has its work cut out in making a convincing case to the people that see them sitting around every day. Then, to make little or no effort to engage and educate is unacceptable.

Not that I am looking for a giant demonstration, but if you are going to hang around, at least act like you care. Don’t just sit there like a baby bird waiting to get fed by its mother.

Compared to the Occupy protest around the country, Mississippi has got to rank last in zest and zeal. But maybe they think just “occupying” space is enough.

Contact Mississippi Business Journal editor Ross Reily at ross.reily@msbusiness.com or (601) 364-1018

Categories: Economic development, Racism, Social Issues, Socialism, Stupidity Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Democrats out to take America in a coup …

August 4th, 2011 4 comments

I just saw someone of prominence in the Mississippi business community make the following comment …

“Socialism in action: Euro stocks absolutely tanked today on fear of debt problems spreading. Dow down over 500 points. This is Barry/Pelosi/Reid’s model for America. …”

Great call Mr. Business Leader … Yeah, these guys are rooting for everyone to go broke, including themselves … That will help them and everybody else … That’s intelligent!

Really?

Will DDT be willing to apologize to Berger on its front page?

August 3rd, 2011 Comments off

When I was the editor of the Delta Democrat Times several years ago, there was a reporter, Joshua Howat Berger, who wrote a fantastic story about the misdeeds of A.J. Jefferson at the South Delta Regional Housing Authority. … In a power play, Jefferson, unhappy with the story, intimidated the publisher and owner of the paper into running a front-page apology, which embarrassed Berger, but, apparently not the leaders of the DDT. Housing Executive Arrested

A.J. Jefferson — Photo by Bill Johnson/Delta Democrat TImes

However, in the last year — partly because of that story — federal investigators have been hot on the trail of Jefferson. It culminated this week with Jefferson being arrested and accused of knowingly and willfully embezzling federal funds, witness tampering, obstruction of justice, making false statements to federal authorities in the
course of an investigation, and witness intimidation
, among other things… Read part of the story here.

And read the press release from the U.S. Department of Justice, United States Attorney, Northern District of Mississippi here … Housing Executive Arrested

My question is whether the leadership is willing to apologize to Berger, who is now working as a foreign correspondent in South Africa. If the DDT apologizes, it should be on the front page. Berger did great work during his time at the DDT, including the Jefferson story, which might have been the best, and most accurate, story he wrote in his two years in Mississippi.

Berger was also the first reporter to unveil the truth about a man from the Delta, who was wrongly convicted of rape … The man, after DNA analysis revealed he couldn’t have been the man involved in the crime, was released from prison.

Berger deserves an apology …

See the complete text from the U.S. Department of Justice, United States Attorney, Northern District of Mississippi below …

U.S. Department of Justice
United States Attorney
Northern District of Mississippi
900 Jefferson Avenue 662/234-3351
Oxford, Mississippi 38655-3603 FAX 662/234-0657
FOR IMMEDIATE RELEASE CONTACT: KRISI ALLEN
August 1, 2011 PHONE: (662) 234-3351
www.justice.gov/usao/msn EMAIL: kris.allen@usdoj.gov
SOUTH DELTA REGIONAL HOUSING AUTHORITY EXECUTIVE
ARRESTED ON EMBEZZLEMENT, OBSTRUCTION CHARGES
OXFORD, Miss. – Felicia C. Adams, United States Attorney for the Northern District of
Mississippi, together with Daniel McMullen, Special Agent in Charge of the Federal Bureau of
Investigation (FBI) in Mississippi, and Bobby Anderson, Special Agent in Charge of the United
States Department of Housing and Urban Development – Office of Inspector General in New
Orleans, announces that FBI agents have arrested Ann Jefferson, Executive Director of the South
Delta Regional Housing Authority (SDRHA), today in Leland, Mississippi, pursuant to an
indictment returned last week by a federal grand jury.
Jefferson, 57, of Leland, is accused of knowingly and willfully embezzling federal funds,
witness tampering, obstruction of justice, making false statements to federal authorities in the
course of an investigation, and witness intimidation. She appeared before United States
Magistrate Judge Jane Virden in Greenville, Mississippi, today (Monday) and was released on a bond
posted in February on a previous arrest.
“This joint HUD-OIG/FBI investigation into the alleged misuse of government funds by
these subjects is an excellent example of the effectiveness of collaboration between federal
agencies,” stated FBI SAC Daniel McMullen. “I commend the hard work and dedication of all
the HUD-OIG and FBI investigators during the course of this investigation.”
If convicted on all counts, Jefferson faces up to 95 years in prison and up to $2 million in
fines. She could also be ordered to pay restitution to the victims of her crimes.
Also arrested today and charged in the indictment is Jimmy Johnson, a contractor doing
business with SDRHA. Johnson was charged with embezzlement of federal funds, witness
tampering and making a false statement to federal authorities in the course of an investigation.
He faces up to 35 years in prison and up to $750,000 in fines, if convicted.
The charges against Jefferson and Johnson are merely accusations, and the defendants are
presumed innocent until proven guilty.
This case was investigated by the Federal Bureau of Investigation and the United States
Department of Housing and Urban Development, Office of the Inspector General, and is being
prosecuted by Assistant United States Attorneys Robert H. Norman and Susan S. Bradley.

Also … here is a comment posted on the ddtonline.com site immediately after the apology ran in 2008 …

DDT Soundoff of the Day: I was very disappointed to read the “apology” in (the Sept. 7) newspaper. As a former student of journalism, I learned that the role of the press is to “comfort the afflicted and afflict the comfortable.” Mr. Berger’s original story, “Housing authority director’s tactics questioned by community, homeowners” (Sun., Aug 24), fulfilled both of those goals. As evidenced by the large volume of comments about the article on the DDT Web site, Mr. Berger’s piece provided solace to employees and homeowners who felt too powerless and intimidated to stand up to Ms. Jefferson. And the article also questioned Ms. Jefferson’s abuse of power and use of federal tax dollars, forcing the community to examine whether the director has become too comfortable in her role. But when your paper chose to “apologize for any inconvenience the story may of caused Ms. Jefferson,” you failed in your duty to the citizens of the Delta and the people of this country. The role of the press is to cause “inconvenience” to people who have served too long with too little oversight. A newspaper that takes seriously its job as a watchdog should never apologize for causing discomfort; it should be proud to evoke controversy and questioning. Shame on you, Delta Democrat Times, for backing down after finally standing up.

Update … the original story from Aug. 24, 2008 is printed below …

Housing authority director’s tactics questioned by community, homeowners

By JOSHUA HOWAT BERGER joshberger@ddtonline.com | 8 comments

LELAND – It’s 8 a.m. on a Saturday and a hundred-plus homeowners are gathered at the Leland headquarters of South Delta Regional Housing Authority.

South Delta’s executive director, Ann “A.J.” Jefferson, is pacing the floor with authority. She is dressed in short jeans and a black jersey with a purple number 19 on the front. Jefferson is a big woman, with a big afro and big, tinted glasses, and she has a way of filling the room when she speaks.

“You all gotta help us maintain your community,” Jefferson is telling the assembled homeowners. “That’s why you’re here today. You know, it’s not about no one person. It’s not about South Delta. It’s not about you. It’s about all of the Delta community.”

A sense of community, however, does not seem to be what’s brought most of these homeowners here this rainy Saturday morning.

The homeowners have been summoned by letter for a meeting about maintaining their property. They are participants in a South Delta program that helps low-income families in the six counties South Delta serves – Bolivar, Humphreys, Issaquena, Sharkey, Sunflower and Washington – buy their own houses.

It’s a long drive to Leland for many of them, and from the anxiety with which they gather at the sign-in sheet, it’s clear why they’ve made the trip: The penultimate sentence of the letter they received reads, “Anyone not attending will be fined.”

That threat, it turns out, will be the first of several.

During the meeting, South Delta staff member Angela Brady tells the homeowners she’ll be inspecting their property inside and out. If she finds any unresolved problems, she says, South Delta will fix them – and then send the homeowner the bill.

Jefferson takes it one step further, threatening to kick out homeowners who don’t meet South Delta’s maintenance standards.

But what gets to the woman near the front of the room is Jefferson’s call for the homeowners to maintain not only their own property, but their entire neighborhood.

As Jefferson delivers her talk on community to the neatly arranged rows of residents, the woman near the front ventures a thought.

“Ma’am,” she says, “I don’t think that’s fair, really. Because I keep my property up. She keeps her property up. But the people down the street don’t keep their property up. … That’s not my responsibility.”

“You have to make a decision on how and what way you want your community,” Jefferson tells her. “If paper and stuff is being put in my community, I go down the street and I clean up.”

“You do?” the woman asks.

“Yes, I do,” Jefferson says.

“Then come on down and clean up my property,” the woman says.

The moment is indicative of the resistance Jefferson has encountered as she works to revitalize South Delta. Jefferson took the executive director job in September 2006, and has turned heads in recent months as she’s charted an ambitious new course for the agency.

South Delta Regional Housing Authority is a government entity created in 1976. It was established under the state’s public housing statute, and receives funding from the U.S. Department of Housing and Urban Development.

The agency has always had a bold mission: to provide decent, affordable housing to anyone in the region who needs it. Jefferson, a 25-year veteran of the public housing world, has a bolder mission still: to do away with public housing projects that concentrate and isolate poverty, and instead give poor people a chance to live anywhere they choose.

Few would dispute the desperate need for quality affordable housing in the Delta. And few would dispute the importance of eradicating the crime-ridden ghettoes to which the region’s poor are often confined.

Yet Jefferson has been a source of controversy in recent months as South Delta has begun moving into wealthier neighborhoods and demanding more things of its residents.

As South Delta has upset some new neighbors and leveled threats at some long-time clients, many in the region have begun questioning the scope of the agency’s mandate.

The scrutiny has led to allegations that Jefferson has abused her position both to intimidate those who challenge her and to profit inappropriately from her job.

It has also raised concerns about the propriety and the legality of some of South Delta’s recent work.

xxxxxxx

The tension between South Delta and the Leland Historic Preservation Commission had been building for several weeks before the commission’s July 21 meeting – though many of those involved would only realize this in retrospect.

Both sides seem to agree that there were two sources of friction.

The first dispute was over South Delta’s obligation – or, A.J. Jefferson maintained at the time, the absence thereof – to follow the city’s ordinance on preserving the historic district.

The second dispute arose from a letter written to a member of South Delta’s board by historic district resident Kenneth West, the dismayed neighbor of a property recently purchased by South Delta.

The March 2000 ordinance that created the preservation commission requires property owners in the historic district – which comprises downtown Leland and the area along Deer Creek – to get a “certificate of appropriateness” from the commission before changing exterior features such as building facades or landscaping.

Hebe Splane, the chair of the commission, says she told Jefferson about the ordinance after South Delta violated it – apparently unintentionally – by cutting some trees at one of its new properties, 205 N. Deer Creek Drive W.

Nevertheless, according to Splane, South Delta then proceeded to cut more trees at another of its properties, 201 N. Deer Creek Drive W., without seeking the commission’s approval. Technically, this offense is punishable by a misdemeanor conviction, a $1,000 fine and a three-year moratorium on further work at the property.

(Jefferson didn’t respond to questions from the Delta Democrat Times about the accuracy of Splane’s account.)

Around the same time, Jefferson became aware of a letter from West to Howard Sanders, the Washington County appointee to the board that oversees South Delta.

West’s letter expressed his belief that South Delta’s purchases in the historic district violated the preservation ordinance and would have a detrimental effect on property values.

Jefferson penned an outraged response, which she had South Delta employees hand-deliver to the members of the preservation commission. Jefferson says she believed at the time that West was a member of the commission. (For the record, he is not.)

“You would think that in 2008, people have learned the lessons of Mississippi’s horrid past,” Jefferson wrote in her reply.

“The letter is direct and not subtle in its attack on the very core of the goals and mandate of SDRHA to provide affordable and first class housing for the clients that it serves,” Jefferson continued. “It is not a mandate that perpetuates the age old stereotypes those less fortunate should be constricted to marginal housing.”

These disputes, with their weeks of buildup, finally unwound in a flurry of words at the July 21 commission meeting.

According to the minutes of the meeting, Jefferson interrupted the proceedings and accused the commissioners of racism and bigotry. As Splane tried to correct the misimpression that West was a member of the commission, and to explain that nothing in the preservation ordinance prevented South Delta from buying property in the historic district, Jefferson said she refused to let the commissioners demean her.

“Do not interfere with our contractors,” she concluded. “That is a violation of federal law.”

As the minutes describe it, Jefferson then stormed out of the meeting with an entourage of South Delta employees behind her.

“I was just so astonished,” says Commissioner Daryl Lewis. “She just barreled right through. She didn’t let anyone get a word in edgewise.

“We were fully prepared to work with her,” he added.

“I almost don’t know what to say,” says Splane. “We didn’t have any idea that there was a problem.”

After a separate meeting between Jefferson, Splane and Mayor Barbara Brooks, a self-described ally of South Delta, Jefferson agreed to follow the rules of the historic district.

But at another public meeting last week – this time at South Delta headquarters – Jefferson again lost her temper after Splane told her the historic commission had investigated the effect of low-income housing on property values.

As Splane tried to share the results of that investigation with Jefferson – the commission had found a study concluding that low-income housing does not have a significant effect on property values – Jefferson railed against what she called the inherent racism of the question.

“Just because a person makes less than somebody else doesn’t mean they’re worth less,” Jefferson said.

Then she left the meeting, again.

“OK, I’m done,” she said. “Meeting’s over with. I’m getting upset.”

“This is racism, pure and simple,” she said later in an interview. “You can’t judge a person based on whether they’re poor or rich.”

xxxxxxxx

When the homeowners’ meeting is over, the attendees trickle outside into the rain.

Many of them don’t sound happy about what they’ve just heard.

“That was stupid,” one woman says. “They forgot about those grants they mentioned last time. … Everybody was supposed to get a grant to fix their houses up.”

Another woman looks at the maintenance clause in her deed and says she knows she’s responsible for keeping her house up.

But demanding her presence at a Saturday morning meeting and threatening her with a fine is another matter, she says.

“They don’t have that authority,” she says. “I don’t appreciate them talking to me no kind of way.”

The participants in South Delta’s homebuyer assistance program are, for the most part, like any other homeowners. They hold the deeds to their houses. They are the registered owners at the tax assessor’s office. They pay their property taxes. They have homeowners’ insurance. And they signed off on a maintenance clause essentially identical to that in any residential mortgage.

The difference is that they have bought their homes from a government-run housing authority. Instead of making loan payments to a bank each month, they write their mortgage checks to South Delta.

The interest rate on new contracts is currently about 5 percent, with a down payment of about $2,500.

According to Jefferson, this deal means South Delta homeowners have a special set of obligations – especially since South Delta is trying to expand the program to neighborhoods such as Deer Creek.

“We hold the mortgage to this property, and you gotta keep it up. Simple as that,” she says. “If we don’t do this – make sure they take care of their property – then people like Hebe (Splane) is gonna win.”

This is the core of Jefferson’s mission. To realize her vision of fully integrated neighborhoods – where poor blacks are no longer ghettoized in decrepit public housing projects, and rich whites no longer the exclusive proprietors of beautiful homes on Deer Creek – Jefferson believes she must overcome perceived adversaries such as the Leland Historic Preservation Commission with the sheer power of community she sees in the South Delta homeowners.

It’s not a vision shared by everyone. South Delta is currently being sued by at least one participant in the homebuyer assistance program over a dispute related to South Delta’s interpretation of the maintenance clause. And a growing number of community members who aren’t South Delta clients have begun questioning how much South Delta’s recent property purchases will really improve the community.

Because South Delta does not pay property taxes, some residents worry its current buying spree will diminish municipal budgets. At its discretion, South Delta can make “payments in lieu of taxes” to city coffers.

But South Delta board members say those payments don’t usually equal the reduction in tax revenue.

Records at the Washington County chancery clerk’s office currently show 23 properties registered to South Delta that have been purchased since October 2007 – in effect, taken off the tax rolls.

That’s in addition to the 20 properties that the agency already owned in the county.

The figures may turn out to be even higher. Jefferson says South Delta has started using “fronts” to buy property so that sellers will agree to a fair price.

“People jack up the price if they know you’ve got federal money,” she says.

Jefferson refuses to disclose how many properties South Delta plans to buy in the coming year, again citing the problem of sellers raising the price.

The Delta Democrat Times requested information about South Delta’s budget and operations, and its five most recent fiscal year audits – which South Delta has told HUD are available for public review.

Jefferson referred the request to South Delta’s attorney, Paul Mathis. Mathis did not respond.

According to the Web site fedspending.org, South Delta received $6.4 million for Section 8 housing programs in fiscal year 2007. Jefferson says South Delta uses rents from Section 8 tenants to buy new properties and rehabilitate them.

Beyond that, she has declined to discuss South Delta’s operations.

xxxxxxxx

When Jefferson moved to Leland from St. Louis, she bought a house on Deer Creek Drive, taking out a loan from Bank of America for $118,750, the chancery clerk’s records show.

Jefferson then got approval from South Delta’s board to move into a South Delta-owned house. She sold her home at 203 N. Deer Creek Drive W. to South Delta and moved to another South Delta property on Feltus Boulevard.

Of all the concerns that have been raised over Jefferson’s leadership of South Delta, perhaps the most serious of all arise from allegations that she has made inappropriate personal use of the agency’s resources.

Some have questioned whether Jefferson should have sold her house to South Delta.

They have also questioned whether she should be living in a house owned by the agency, and on which it pays no property tax.

Jefferson did not respond to inquiries about her salary. But in 2004 – the last year for which records were available through channels other than South Delta (the agency used to have a non-profit arm whose tax returns are public) – South Delta’s executive director earned $108,502.

That is well above the income bracket public housing programs typically target.

South Delta board members say they feel the arrangement is appropriate. But Bolivar County appointee Robert Gray acknowledges the agency has a lack of available housing.

“I can’t say that there’s enough to go around,” he says.

Board members did not approve of another perk that Jefferson has allegedly allowed herself: use of South Delta employees to do maintenance work at her home.

Earl Lewis lives near Jefferson’s old house on Deer Creek Drive. He says three or four truckloads of maintenance workers used to arrive in South Delta trucks to do yard work and other chores at Jefferson’s house.

“They did yard work, poured concrete, put in air conditioners, painted it inside. They even done the flower beds,” he says. “That was going on all the time.”

Other neighbors at both her new and old houses tell similar stories.

“I’d see them when I’d leave in the morning, and when I’d come back in the evening they’d still be there,” one man said. “And when I came home for my lunch hour, they were there then, too.

“And it wasn’t just a few days,” he added. “It was for extended periods of time.”

Jefferson did not respond to questions about her personal real estate transactions with South Delta.

Nor did she respond to the allegations that she improperly used South Delta workers to maintain her house.

xxxxxxxx

Despite the controversy that has surrounded her tenure at South Delta, Jefferson says she feels the large majority of the region’s residents support her mission.

As for the rest, she says she’s a fighter, with a mission that’s worth fighting for.

“We’re gonna have some people that disagree with us,” she says. “But we’re not gonna stop because of how they feel.

“We know we’re gonna run into obstacles with some of them. But we’re not gonna let that stop us.”

***

New TV ad for Bill Luckett is a good one

July 19th, 2011 Comments off

If you like good, positive political advertising, check out the latest ad from Bill Luckett. … Good job.

When all is said and done, ‘Snarky’ Planet Money got it right

July 14th, 2011 Comments off

Adam Davidson, an NPR reporter on “Planet Money,” has received a pile of criticism for his look into the economic development industry, in which he finally concluded, “They are not creating jobs. They are just moving jobs around.”
From there, everyone became defensive and lost perspective as the story received a rebuttal by International Economic Development Council president Jeffrey A. Finkle and pointed criticism by NPR.
“This American Life” senior producer Julie Snyder and Davidson attended a meeting of the International Economic Developers Council in San Diego and came away saying, “Now we have this race to bottom: Who can cut back government services the most? Who can eliminate the most regulation?”
In his rebuttal, Finkle said, “I feel even more hurt by the piece as I rolled out the red carpet for you guys. It is as if I held a dinner party, invited you as guests, told everyone how important you were and then had you insult all of my guests.”
Ira Glass, the show’s host and one of its editors, lamented that the tone in the report had gotten out of hand and “that the tone was a bit snarky.”
But was the report accurate?
It is not the job of a reporter to make people feel warm and fuzzy; it is to report accurately with insight and perspective.
In this case, Davidson and Snyder lost their audience with a “snarky” tone, but when you dig beneath the surface, they had a point.
It did a great job discussing the “numbers” gaming aspects, short-term focus, and special interests of economic development organizations.
One urban planner commented that over years in the business, she is “frankly weary of boosterism.”
Many ED organizations out there are doing a fine job and in some forms in a tough economy, but the planner pointed out the she has experienced, “first hand the spin and lack of substance to many of the claims made in the field. I have been astonished at reports to the community claiming this or that ‘win.’ ”
My thought is there was a point made in the story, even if it was lost in the hurt feelings of those involved.
But the overwhelming point, which no one rebutted, was the conclusion of the report where Davidson noted, “education is the key and we are cutting off our legs by de-funding it from K to college.”
Sound like any place you know?

Contact Mississippi Business Journal editor Ross Reily at ross.reily@msbusiness.com or (601) 364-1018

Categories: capitalism, Economic development, economy, politics, Social Issues, Socialism Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Groupon getting hit from all sides

June 15th, 2011 Comments off

Never let it be said I am against Groupon … It seems to be getting hit from all sides.

Obama releases birth certificate; birthers can shut up

April 27th, 2011 Comments off

I guess now with news that the White House has released the long form of President Barack Obama’s birth certificate, Donald Trump won’t be running for president.

His festering questions about whether Obama was born in the U.S. seemed to be his only talking point.

The certificate, released Wednesday, says Obama was born in Hawaii, which makes him eligible to hold the office of president. Obama had earlier released a standard short form, but requested copies of his original birth certificate from Hawaii officials this week.

Also,  with the release of the birth certificate, the so-called birthers can shut the hell up.

••• UPDATE to the update: The ‘hoarding’ of American wealth

January 31st, 2011 Comments off

••• UPDATE — An economist of some note, who chooses to remain anonymous, forwarded me some more information on the hoarding of wealth in American … Please read and let us know what you think

••• cbpp-ms-income-inequality-2008

••• cbpp-pulling-apart-state-analysis-income-trends-2008

From Monday …

I have come across the term hoarder (or hoarded) a couple of times today. The first I thought was interesting, the second kind of made me stand up and take notice.

The first came from someone who formerly wrote a column for me at a different newspaper. … The text and link to which he refers is included.

The second was included in Phil Hardwick’s blog on our website.

Enjoy, and let me know what you think …

Hoarder comment No. 1

For some reason, I was motivated today to read FDR’s First Inaugural Address. A link to it is below, and I suggest that you read it carefully and see how 1929-1933 is so congruent with 2007-2011.

Franklin Roosevelt saved capitalism by excoriating those who were perverting it and calling them out. They called him a socialist, but he saved the country.

One would think that the 1930s would have convinced Americans for all time that “trickle-down” economics is ultimately a disaster.

The moneychangers, as Roosevelt called them, are not philanthropists concerned about the average American. Cutting their taxes does not produce more jobs; it produces more hoarded wealth and higher annual bonuses.

They are today’s perverters of capitalism, and they must be called out as Roosevelt called them out.

http://www.bartleby.com/124/pres49.html

Hoarder comment No. 2

Speaking of small business, I couldn’t help but raise my eyebrows at this post from Gene Marks blog in the New York Times:

BEST CASE AGAINST LOBBYISTS Huffington Post’s Zach Carter and Ryan Grimm write about how the small-business lobby hurts small business: “Two years into the Obama administration, small businesses are still struggling to obtain credit and hire new workers, while big businesses withhold payments from them, horde cash and enjoy record profits. But if the top small-business goal for the past two years was to elect Republicans, the N.F.I.B. has done its job.”

See Phil Hardwick’s blog …