Tag Archives: finance


18 Dec

PUTTING A PRICE ON THE HEADS OF OUR CHILDREN,By Louise Annarino, December 18, 2012


What price do we put on the heads of our children? If there were not so much money involved, the U.S. could have regulated the gun industry long ago. Following the money we learn:

– “Net sales from continuing operations for the second quarter were a record $136.6  million, up 48.0% from the second quarter last year,” states a press release by Smith & Wesson Holding Corporation. While market drops for other industries it escalates for the gun industry. This is one business where uncertainty increases profit.

-As of 2011, there were approximately 5,400 licensed firearms manufacturers and 950 importers in the United States, The United States Department of Justice Bureau of Alcohol, Tobacco, Firearms and Explosives reports. THis does not include miltary armament sales.

-Arms sales (agreements), by Supplier, 2003-2010 (in billions of constant 2010 U.S. dollars)

Supplier Total Sales in US Dollars (billions) Percent of total sales
United States 170.764 39%
Russia  81.059 18%
France  37.4 8%
United Kingdom  29.803 7%
China  15.272 3%
Germany  22.807 5%
Italy  15.134 3%
Other European  47.024 11%
Others  23.654 5%
Source: Richard F. Grimmett, CRS Report for Congress; Conventional Arms Transfers to Developing Nations, 2003-2010, September 22, 2011If you are viewing this table on another site, please see http://www.globalissues.org/article/74/the-arms-trade-is-big-business for further details and context.

-”Industrialized countries negotiate free trade and investment agreements with other countries, but exempt military spending from the liberalizing demands of the agreement. Since only the wealthy countries can afford to devote billions on military spending, they will always be able to give their corporations hidden subsidies through defence contracts, and maintain a technologically advanced industrial capacity.

“And so, in every international trade and investment agreement one will find a clause which exempts government programs and policies deemed vital for national security. Here is the loophole that allows the maintenance of corporate subsidies through virtually unlimited military spending.”— Stephen Staples, Confronting the Military-Corporate Complex, presented at the Hague Appeal for Peace, The Hague, May 12th 1999.


TAX IMPACT                                  BUSINESS TAXES                                 EXCISE TAXES

Federal Taxes                                  $2,503,904,614                                     $487,998,107

State Taxes                                       $2,071,203,685

Total Taxes                                      $4,575,108,309                                     $487,998,107

Chart from (National Shooting Sports Foundation) NSSF website www.nssf.org/.

-in 2010, Dun and Bradsrteet listed 661 U.S. manufacturers of small firearms or parts. It is estimated these private companies generated approximately $1.2 billion per annum.

-Gun dealers foster political uncertainty to boost sales as illustrated by the following comment by Rick Gray, owner of Accuracy Gun Shop in Las Vegas: “Clinton was the best gun salesman the gun manufacturers ever had. Obama’s going to be right up there with him.”, International Herald Tribune; November 8, 2008. Fear-mongering of Democratic candidates, including the scary African-American president, creates political advantage for the Republican candidates and increases profits for gun manufacturers. Using race to divided the country only increases uncertainty and fear, driving up sales. Is it any wonder Republican- and some Democratic-congresspersons not only refuse to regulate gun and armament  manufacturing and sales; but,also support shadow corporate welfare within defense spending bills?



3 Aug


Recently, (Democracy for America)DFA members attempted to deliver more than 245,300 petition signatures to Romney’s Boston campaign headquarters, asking for disclosure of more of his tax returns. They were turned away and escorted out of the building. This not the first, nor will it be the last request for more information from Mr. Romney regarding his tax returns. Every time he is asked he inadvertently drops another tidbit of information not only by what he let’s slip  (I’ve been audited a few times) but by what he refuses to discuss (I don’t know if I ever paid zero% but I’ll get back to you). To give him credit he never squirms while he skids.

Now, Senator Harry Reid is playing a well-worn political game of filling in the missing blanks for Romney with unsubstantiated allegations that Romney did not pay any tax for more than 10 years. This may or may not be true. This may be fun to watch. Games are fun to watch. I think this is too serious a matter to play games. I also find it undignified and wrong to make unsubstantiated charges against anyone. Besides, I don’t think Romney would refuse to open his tax returns for scrutiny simply because he paid no or very little tax. He is too proud of his ability to use the system for his personal gain to want to hide his skill at making and keeping money. He clearly has no qualms about outsourcing workers, gutting and shutting down companies. He brags about it constantly. He knows Americans admire millionaire entrepreneurs, and each aspires to become one. This would not be enough for Romney to fail to disclose his tax returns. There must be more than how much he earned and how much tax he paid in those returns and their attachments. There must be more he does not want us to know.

I would submit that Romney hides his returns for the same reason he is running for president. He is running as the front man for the now-global military-industrial-banking complex – the Great Pirates– which has been seeking more power over government.We have openly watched this replacement of political power owned by American voters with corporate power owned by too-big-to-fail-or share business since Ronald Reagan’s presidency through George W. Bush’s. President Obama’s greatest fight to change the way Washington works has been with the U.S. Chamber of Commerce and ALEC via the Republican Party and Blue-dog Democrats. Obama’s pragmatism is the only thing which has saved him and us thus far.

When Reagan busted the air-traffic controller’s strike it was a blow against unions. The union of American workers was hard fought, opposed at every step by the Great Pirates. They have tried ever since to dismantle unions because unions are the one thing standing in their way of absolute domination of workers, wages, hours, safety and working conditions. Unions have led the environmental and consumer movements by opening our eyes to unsanitary conditions,unsafe products,hazardous chemicals and processes, and threats to our health and safety. Unions have led the movement for technical schools and training, access to higher education, and improved school models and increased funding for education.The Great Pirates want to eliminate the EPA, Consumer Financial Protection Bureau, Consumer Product Safety Commission, Department of Education, Federal Reserve and any institution in their way as they seek to maximize profits at the expense of our people and our planet. They seek small government or no government so they may pursue wealth with no restrictions, and no concern for anyone’s welfare but their own.

Mr. Romney, like George W. Bush is not his own man. He belongs to the Great Pirates fraternity, and is proud of it. But, he and they cannot afford for us to discover how that fraternity works against us. Why Romney? Why now? The Great Pirates now have firmly in place a global consortium of business and banks. They ply their trade across borders and seas as pirates of old did. They seek to control not only American workers, but the world’s workers. They have alliances not only with American bankers but with the world’s bankers. It is no mystery that Romney met privately with British bankers while in London, the same persons associated with LIBOR. Do we know why? We do know he was fund-raising. Fund-raising from foreign interests?  He told us this. It is not a point of shame nor worry for him. What don’t we know about his foreign associations with the old friends  he met with while abroad. It is reported he is an old friend of, and used to work with Bebe Netanyahu. Doing exactly what?

What is it about politics that renders Romney silent? He is a bright and literate man, capable of organizing and running companies. What is he hiding? He disappears inside himself when campaigning, and becomes robotic and nonsensical. Since his first political run for Governor of Massachusetts,this is his campaign modus operandi. He is uncomfortable and unsure of what to say unless someone else writes his script. Then he knows no shame, no uncertainty. Like George W. Bush, he is not his own man. He is the Great Pirates’ man. In front of the American public, he is only comfortable stepping back inside himself and being their man. It pays very well. Neither the Great Pirates,nor Mitt Romney, would have it any other way.

And,why has the Republican party shoved aside its great conservative intellects like Buckley, Will, and Krauthammer for tea-party ideologues like Buchanan, Palin,and Bachmann? The coffers of the Great Pirates exceeds the traditional Republican campaign chest, which in part led to McCain’s loss in 2008. Popular support for Obama with most donations less that $200 and a changing demographic less supportive of the Republican party platform cleared the way for tea party candidates supported by Great Pirates to win seats in the House and Senate in 2010. Republican leaders of Congress Sen.Mitch McConnel and Rep. John Boehner had little financial choice but to allow the tea party front for the Great Pirates take the lead strings from their tired,tight hands. Eric Cantor and Paul Ryan,bidding for leadership, jumped the Republican ship for the Pirate ship to McConnell’s and Boehner’s chagrin. If Congress is at sea, it is because the Great Pirates have boarded the Ship of State.

Their next goal, planned and put into operation since Inauguration Day, is to mutiny against the captain and make President Obama a one-term president.

The answer to why this multi-billionaire would run for president is not merely ego, nor to “outdo Dad”. He is the right pirate for the times, but he can’t tell you that!