Head On! radio show with David Cruz and Peter Mathews – 141004

KEIB AM 1150 and iHeart radio with host David Cruz of the HEAD-ON radio program: October 4, 2014: Peter Mathews’ segment “Money and Politics”. Topics include:

  • Voters sour on Congress and the country’s direction
  • Job growth rebounds while wages lag
  • databases show doctors, hospitals, and pharmaceutical industries have financial ties
  • ::Financial Ties between doctors and big pharma seem ‘Conflict of Interest’
  • Health Insurance Industry spending millions to beat pro-consumer measures (in California)
  • Mortgage case strikes back against fraudulent lenders, including a Wells Fargo owned company
  • Conservative Economist tries to ‘wish away’ Income Inequality
  • Germany moves to Tuition Free education modeled after former California Pat Brown’s Master Plan for Higher Education.
  • The State of Tennessee is only U.S. state with similar Tuition Free Higher Education.
  • Ebola virus has already come to the U.S. with several outbreaks, including a Texas man. U.S. Department of Health officials and the nation’s hospitals appear woefully under-prepared and ignorant of the potential pandemic despite warnings.

A MORE DETAILED ANALYSIS OF THE MENTIONED TOPICS IN INDIVIDUAL LINKS MAY BE FOUND BELOW

MSN – Poll: Voters sour on Congress and the country’s direction. Democrats could lose the Senate majority. Lower voter turnout expected.

Online Wall Street Journal – Job growth rebounds while wages lag.

LA Times – Health Care Costs: Database show that doctors, hospitals, and pharmaceuticals have financial ties. Shows conflict of interest.

New York Times – Financial: Ties Between Doctors and Hospitals are Detailed

LA Times – Database shows $3.5 billion in industry ties to doctors, hospitals

LA Times – Health Care Costs: Health insurance industry spending millions to beat pro-consumer measures

LA Times – Economy: Mortgage case strikes back against fraudulent lenders

LA Times – Economy: Conservative economist tries to wish away income inequality.

ThinkProgress.org – Cost of Education: Germany moves to Tuition Free education.

Peter Mathews Recommends Massive Economic Stimulus to Launch Economy out of Great Recession Orbit

Peter Mathews on KTLK AM 1150, the David Cruz Show: (Dec.3,2013) To grow economy, billions must be Invested in Small Business, Infrastructure, Education.

Partly drawing on the Economic Policy Institute’s study of the stagnant “recovery” from the Great Recession, Prof. Mathews calls for a massive economic stimulus, paid for by closing unproductive corporate tax loopholes, and spending the hundreds of billions of dollars on loans to small business, rebuilding and modernizing our infrastructure, expanding and strengthening education, and re-hiring middle class workers such as teachers, firefighters, and police officers. For a real economic recovery from the Great Recession, and to create and maintain full employment, the U. S. government must invest $650 billion in the private and public sectors in 2013, and between $1.5 trillion and 2.2 trillion in the following three years.

Over 9 million new jobs have to be created to help the labor market recover its health. Mathews pointed out that the reduction in official unemployment from 10% to 7.3% was primarily due to many people having dropped out of the labor force. Many of the new jobs that were created were lower paying jobs. Well paying jobs are important because they help stimulate demand in the economy, and will help with the economic recovery. In order to accomplish these goals, leadership is needed in the public, in Congress, in the mass media, and elsewhere.

Mathews pointed out that unfortunately, many politicians, Republican and Democrat, have been largely serving the special interests of their large campaign donors, not the American public who elected them.

Upon host David Cruz’s request, Mathews briefly discussed his upcoming book, Dollar Democracy: with Liberty and Justice for Some; How to Reclaim the American Dream for All.

[Listen]   (9 min.)

Lies of Wall Street Bailout; Hunger Hurts U.S. Economy; California Special Elections Cost Millions

Peter Mathews on KTLK AM 1150, the David Cruz Show.(Nov.25, 2013). $1 million election; hunger =$167 billion in lost productivity; bailout won with lies 

Prof. Mathews notes that as budget cuts deepen ($5 billion cut in food stamps alone), wages stagnate, and unemployment remains high, hunger and poverty has increased in the U.S., costing over $167 billion in lost economic productivity and earnings. Mathews suggests raising the minimum wage to a living wage, while compensating small business by lowering their taxes. He also shows that the more than $700 billion taxpayer bailout of Big Corporations and Wall Street did not help small businesses, American workers and homeowners on Main Street. Unlike what Treasury Secretaries Henry Paulson and Larry Summers promised Congress and the American people in order to push through the bailout, around $4 billion was spent to help small homeowners while the bulk of the $700 billion went to the Big Corporations and Wall Street Banks. These Big Banks, instead of lending money out to small businesses and struggling homeowners, used it to make more money in other ways, including parking huge amounts of it in the Federal Reserve and drawing billions of dollars of interest on it. Today, the Big Banks’ excess reserves at the Fed total more than $1.4 trillion! Not only that, many of the Wall Street Banks gave their CEO’s and other top executives millions of dollars in bonuses. Prof. Mathews told the radio audience that two excellent sources of investigative information on this debacle are Matt Taibbi’s Jan. 4, 2013 article in Rolling Stone, “Secrets and Lies of the Bailout”, and the Academy Award winning documentary, “Inside Job”, narrated by Matt Damon. Peter Mathews began his analysis by looking at the huge expense of California Special Elections that are triggered by the middle- of- the term resignation of State Senators like Sen. Bill Emmerson (R-Hemet). The $1.1 million cost of such an election can be avoided if the California Constitution was amended to allow the Governor to appoint a temporary State Senator until the next election, as he does in the case of a U.S. Senator’s death or resignation.  [Listen]  (8 min.)

Stagnant Wages Depress Consumer Spending and Make U.S. First Advanced Nation in Job Dissatisfaction

Peter Mathews on KTLK AM 1150, the David Cruz Show: (11/19/2013) Growth in pay slows from 0.4 % in second quarter to 0.3 % in third quarter for workers.

Professor Mathews points out that the drop in the growth of wages and salaries of working Americans caused a drop in consumer demand. Since consumer demand accounts for two-thirds of the economy, this has blocked our full economic recovery from the Great Recession. Stagnant wages and salaries, and a lack of supportive social programs such as guaranteed paid vacation, quality, affordable child care, and paid parental leave, which are guaranteed in Europe, have also driven deep job dissatisfaction in the United States. Mathews noted that in an online poll of American and Canadian workers, 83 % said they will actively seek a new job next year. Another poll showed that 16 % of Americans find work unbearable and hate their jobs; compared to 12 % of the British, 10 % of Germans, 9 % of French, and 7 % of Canadians. The differences in these percentages are a result of generally higher wages, a greater voice for workers in the workplace, and extensive social programs which make life easier in the other advanced countries, compared to the U.S. If the U.S. economy is to flourish once again for the benefit of working Americans, engagement and job satisfaction must be the top concern for employers. In fact, employee dissatisfaction can disrupt productivity, damage worker morale, and hurt profits.     [Listen]   (10 min.)

Peter Mathews Analyzes Start of Obamacare Enrollment Through California State and Federal Exchanges

Peter Mathews on KTLK AM 1150, the David Cruz Show: (11/13/2013) 35,000 signed up through Covered California; 27,000 in 36 states’ federal exchanges. 

Prof. Mathews notes that the states, like California, that strongly supported the full implementation of the Affordable Care Act (Obamacare) and established their own exchanges, had far higher rates of health insurance enrollment than states that were not supportive of the law. These states, like Texas, refused to set up state exchanges and had to rely on the federal exchange system, which had a technically rocky roll out. In the first month, California enrolled 35,000 people; Texas enrolled less than 3,000.

Mathews also explains why many Americans’ bare boned health care plans were cancelled because they did not meet Obamacare’s coverage standards, despite the President’s earlier assurances that people who like their health care could keep it. Mathews suggested that the government should subsidize the purchase, by these people, of the higher priced, higher coverage plans required by the Affordable Care Act.

Professor Mathews pointed out that the Health Care Industry had contributed $33,000,000 (opensecrets.org) to Congressional campaigns in the 2013-14 election cycle alone. With this kind of special interest influence over Congress, it is not surprising that President Obama was not able to include his “public option” (government funded non-profit health insurance, as a choice for those who would prefer it) in Obamacare. Also, a single-payer Medicare for all health care system, which Mathews says would be the simplest and most efficient system, was never seriously considered by the President or the majority of Congress, because of the campaign funding and lobbying inflluence of the Health Care Industry.

[Listen]  (9 min.)     [B]