The middle class share of American wealth has gone to the very rich
By Dr. Larry Fedewa (April 7, 2019)
For the past three weeks, The Dr. Larry Show (www.blogtalkradio.com/LA-Batchelor/ or at 646-929-0130; 7 -8 pm every Wednesday) has been discussing the “wealth gap” in 2019 America. Now, it’s time to get back to basics.
Q. What is the “wealth gap”?
A. This term refers to the present and growing concentration of financial assets (cash, stock, real estate, intellectual properties such as patents, copyrights, and royalties, etc.), and all forms of passive income to the control of fewer and fewer people (1% of the population) while the middle-class controls less and less of the nation’s wealth. The word, “wealth”, is used instead of “income”, because the value of assets is frequently allowed to appreciate untouched ( e.g. to avoid taxable income). Money comes and goes in the form of income; assets are for long-term welfare.
Q. Is there really a wealth gap in America? Surely there will always be differences in wealth.
A. The changes in the proportion of the nation’s wealth held by individuals over time are clearly traceable statistically. This trend can and has been analyzed by experts for decades. Currently, nearly 80% of America’s wealth is held by 1% of the U.S. population.
“You have achieved Russia’s greatest victory in the 21st century!”
By Dr. Larry Fedewa (March 25, 2019)
Texas Representative John Ratcliffe (R), former federal prosecutor and among the most impressive and careful members of Congress, made a case to Fox’s Maria Bartiromo yesterday morning that the enemies of President Trump have accomplished the goals of Russia’s interventions in the 2016 USA election far more successfully than the Russian spies could ever have hoped for.
Those goals have been revealed as the division of the American public in such a way as to discredit the new president, to sow deep mistrust of the electoral process, and to encourage contempt for the rule of law. Altogether to undermine America’s democracy in the eyes of her citizens. In addition, this continual distraction of the American government and media has precipitated a monumental effort to paralyze the Washington establishment with respect to foreign policy and performance – a goal shared with the entire Democrat Congress.
If partisanship blinds one to his/her obvious duty, that person does not deserve to hold office in this Republic.
By Dr. Larry Fedewa (March 17, 2019)
There comes a time when partisanship can blind politicians to their duties as patriotic Americans. Apparently the U.S. Congress has arrived at that time. Anyone who has been following events at our southern border for the past several months has seen an alarming situation grow worse and worse.
The caravans from Central America have been arriving with increasing frequency – to the extent that we are now expecting nearly one million illegal immigrants to cross from Mexico into our country this year. Under our current laws, “catch and release” has become again the order of the day. Everybody knows by now that we simply do not have enough capacity to house so many people at the border, so hundreds of thousands of unvetted, undocumented individuals are being shipped all over the country every day.
Yet our politicians cannot seem to do anything about it. First, the Democrats stubbornly refused to provide funds to build the barriers needed at the border crossings which are not protected by natural barriers. They had absolutely no basis for this opposition, since most had previously supported even larger budgets for such construction. Their only reason was naked partisan hatred of the President of the other party, Donald J. Trump. All the experts, from the Homeland Secretary on down through present and past heads of the Border Patrol and ICE (Immigration and Customs Enforcement) – even the reporters who are covering the stories — pleaded in vain for the support necessary to deal with a massive humanitarian and national security situation.
The reason that this issue had not been resolved by the Republican Congress which preceded this one is the stubborn refusal of Republican Senate Majority Leader Mitch McConnell to change the “60-vote” rule to break cloture when it became obvious that the Democrats were united against anything and everything that appeared on the new president’s agenda. McConnell allowed the exception for Supreme Court nominees but acquiesced in most other cases. With a majority of only 51 votes, the Republicans squandered their two-year advantage on many key issues. And this situation continues even now.
The Congress continues to thwart the only politician in Washington who is sincerely trying to perform the foremost duty of the national government, namely, defending the American people from foreign intrusion. Today, that intrusion is not military, but cultural, medical, criminal and economic. It should not be necessary to point out that protection of the American people is the foremost obligation not only on the President, but also of the entire federal government, including the Congress. Flimsy excuses of abrogation of the separation of powers as stipulated in the Constitution are no justification for allowing the tragedies at the Mexican border to continue and increase every day, including the unabated flow of illegal drugs, gang members and criminals into the USA.
Elected representatives of the federal government take an oath to defend and uphold the laws of the United States of America against all foes, foreign and domestic. If they can’t or won’t live up to that oath, they should be branded as traitors and removed from office. Rumors of impeachment are targeting the wrong victim. If partisanship blinds one to his/her obvious duty, that person does not deserve to hold office in this Republic.
© 2013 Richfield Press. All rights reserved.
IEP’s (Individual Education Plans) for everybody!
“Blessed are the peacemakers. . . . “
By Dr. Larry Fedewa (February 16, 2019)
It is a wholesome and uplifting exercise to dream occasionally about what an ideal world might look like. Clearly, such ideas are far from the messy realities of the world as we know it today but lifting our gaze to the clouds can give us courage as well as direction.
So, what would a world look like if democratic capitalism were universally practiced instead of restricted to our own country and a few of our friends? First, we have to describe what we mean by “democratic capitalism”.
Everybody should win something
By Dr. Larry Fedewa (February 10, 2019)
The soaring rhetoric with which President Donald J. Trump concluded his 2019 State of the Union address was totally unexpected, but as uplifting in its own way as that of Ronald Reagan and John F. Kennedy. And we need to be lifted up – from the pettiness and willful blindness which have characterized much of our political discourse as our loyalties and pronouncements have descended into a cauldron of partisan gamesmanship.
As author John Daly observed on “The Dr. Larry Show” last week, the American public has taken to looking at politics as a competitive sport where there must be winners and losers. This perspective has been both led and followed by the news media. Smaller and ever smaller incidents, actions and words are being analyzed in terms of who won and who lost. Fox News has even scheduled an end-of-week quiz every Friday night called “Winners and Losers”.
Triumphs and Less in American Politics
By Bob Livingston, 2018 University of Louisiana at Lafayette Press, 296 pp
This is the extraordinary story of an extraordinary man. Bob Livingston’s memoir starts with his beginnings in a troubled family through his time in the Navy, law school, first jobs and finally his entry into politics as the first Republican Congressman from his district near New Orleans, LA since before the Depression.
The story hits its rhythm, as they say in sports, as his 22 years in the U.S. Congress unfolds. The climax comes when he ascends to Speaker, only to have it snatched away at the last minute.
Along the way, Bob explains in simple language his common-sense politics and comments on past and current people and events from his own perspective. What emerges is a very attractive conservative philosophy which is worth reading for its own sake.
The reader is also struck by the author’s honesty, even humility — a quality not commonly expected in a politician. This perspective is particularly evident as he details the background and events surrounding the House impeachment of William Jefferson Clinton. That segment adds a first-hand account of his part in that historical epic, with all the pathos and tragedy he and his supporters experienced. Equally enlightening is his assessment of the impact of those sad days through the years that followed. Altogether a valuable and occasionally riveting addition to the literature of that era.
Amazon Book Review
by Larry Fedewa, PhD, Richfield Press 2019
Click here for podcast: https://bit.ly/2CzC9QS
The most difficult issues relating to immigration policy are discussed, including barriers, humanitarian crisis, caravans, DACA, visa enforcement and reform, and national strategy. No holds barred.
Guests commentators: L A Batchelor and Tom Donelson
What about Jews?
by Dr. Larry Fedewa (January 18, 2019)
As the platform – and actions – of the Democrat party have become more actively pro-choice on the issue of abortions, questions have begun to surface more widely as to whether a practicing Catholic can in good conscience be a member of the Democrat party? It is true that there are a number of very prominent Democrats who also profess to be Catholics, including 2016 vice presidential candidate Tim Kaine, House Speaker Nancy Pelosi, and former Vice President Joe Biden, among others.
The tipping point is the increasingly adamant position of the Catholic Church in opposition to abortion in any form. As research shows more clearly the viability of the fetus at a very early stage, the basis of the Church’s position has evolved from disapproval of abortion as a birth control measure to condemnation of abortion as a form of infanticide, i.e. murder.