Prior to his appearance at the Daytona Speedway to be the grand marshal for the Pepsi 400, the presidential campaign for Republican hopeful RUDOLPH GIULIANI hit a major speedbump (pun always intended). During a town hall meeting this weekend that the former NYC mayor presided over he was loudly jeered. RUDY said all the right things to this crowd of bible belt NASCAR fans when he was questioned about whether or not more people should die in the desert, but he stumbled over himself after saying that he opposed the implementation of a ‘flat tax’ system as a way of overhauling the federal income tax system.
Even though I am a registered Republican voter I also oppose the ‘flat tax’ rate system as proposed by several Congressional legislators because it still allows the rich and corporations to shelter their earnings while the middle class (read: working class) shoulders the brunt of the responsibility for funding governmental services like the war in the Middle East.
Here is the new DALLAS PENN Dot Com buzzword phrase for the next decade in the American economy – COMPASSIONATE CAPITALISM. This is the idea that corporations and big business must be held accountable for their uncontrolled profiteering. With so many sectors in the private industry consolidating and merging there are companies returning to their original monolithic monopoly-like hold on our economy. Bell Telephone which had been split into many pieces is transforming into a tele-communications Leviathan under the name of Verizon.
No presidential candidate has spoken to America’s biggest problem which isn’t terrorism, but a lack of opportunity for living wage employment. This speaks directly to all the companies that have outsourced entire divisions of their manufacturing, processing and customer service overseas. Guess what GIULIANI, CLINTON, McCAIN, OBAAMA, et al? It’s STILL the economy stupid!
