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Archive for the ‘auto bailout’ Category

According to President Dwight Eisenhower, in the quote below, the stupid crackpots of the Republican Party have taken over the party. They’ve helped to drive the US precariously close to an economic cliff on behalf of a small minority of rich people, and to the detriment of the 99 percent. No doubt, the photos and quotes below are accurate and many Democrats happily smile and laugh when they compare that Socialist Republican Party of the 1950s with what’s going on with the Party nowadays. But where do the Democrats stand on the issues?

Wall Street Democratic Senator Ron Wyden, for example, has proposed to effectively demolish Medicare by privatizing it. And President Obama is happy to reduce social security payments in order to give tax breaks to the 1 percent. Social Security, by the way, has a $2.7 trillion surplus that collects $120 billion in interest every year, so there really is no reason to reduce payments. There are plenty of Democrats who have voiced the same sentiment when it comes to both of these programs.

Senator Wyden is set to become chairman of the Senate Finance Committee, and, well, Obama is president. These are just two of many like-minded Democrats in the Federal government. In other words, the stupid people Eisenhower spoke of are not only the vast majority of the elected people of the Republican Party in congress, but they’re also in charge of most of the Democratic Party.

And these people from both parties are driving the rest of us into poverty by redistributing our income to the 1 percent via Federal legislation.

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Breaking through the floor of the political power of the rich

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Corrupt Senate Republicans defended the Monsanto Protection Act, which had to be secretly and corruptly inserted into another piece of legislation in order to pass through congress. In other words, the Act is another conspicuous example of quintessential corruption running amok through government. The Act “specifically allows the secretary of agriculture to block a judicial injunction and allow planting of particular seeds.”

Tom Vilsack is the current US secretary of agriculture. A former governor of Iowa, Vilsack was appointed by Monsanto President Barack Obama. “Vilsack has a glowing reputation as being a schill for agribusiness biotech giants like Monsanto.” See the story from Organic Consumers. 

According to the Organic Consumers Association, “As Iowa Governor, Tom Vilsack was a leading advocate for Monsanto, genetic engineering, and factory farming. President Obama proudly lauded his new Agriculture Secretary for “promoting biotech.”

Vilsack has, in fact, promoted the most controversial and dangerous forms of agricultural biotechnology, including pharma crops, plants genetically engineered to produce pharmaceuticals. When grown outdoors on farmland, where most pharma crop trials have occurred, pharma crops can easily contaminate conventional and organic varieties.

In one chilling example from 2002, a corn crop engineered by ProdiGene to produce a vaccine for pigs contaminated 500,000 bushels of soybeans that were grown in the Nebraska field the next season. Before this incident, a similar thing had happened in Iowa where the USDA ordered ProdiGene to pay for the burning of 155 acres of conventional corn that may have been contaminated by the firm’s biotech plants.

ProdiGene eventually went out of business, but not before it received a $6 million investment from the Governors Biotechnology Partnership, chaired by Iowa Governor Vilsack. Vilsack didn’t want any restrictions placed on experimental pharma crops. In reaction to suggestions that pharma crops should be kept away from food crops, Vilsack argued that “we should not overreact and hamstring this industry.”

In other words, Vilsack will do Monsanto’s bidding and he will block any judicial injunction that will harm the profits of Monsanto. In other words, he will place the profits of Monstanto ahead of the health and wallets of the rest of the nation.

During debate on the farm bill last Thursday, Oregon’s Senator of the 99 percent, Jeff Merkley, offered an amendment that would have repealed the measure, but it was blocked by corrupt, corporate Senate Republicans, led by the most likely corrupt Senator in congress, Roy Blunt (R-Mo.).

“Earlier on Thursday, in an interview with The Huffington Post, Blunt said that the point of the provision was to protect farmers who had already purchased seeds that were later deemed unsafe. “I was raised — my mom and dad were dairy farmers. Once you’ve made a decision to plant a crop for that year, you can’t go back and undo that decision,” he said.

Blunt, of course, is lying. The Act was signed less than a month ago. And it can be repealed. Sure, maybe you can’t go back on some seeds that have already been planted, but repealing the Act would prohibit any more seeds from being planted. Blunt isn’t as stupid as he appears, he’s simply lying and not making sense so as to justify not repealing this god awful piece of legislation.

 

 

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What is the largest export product in the United States since NAFTA? The answer is simple: Jobs and with them, the US tax base that supports government services, such as roads, police and schools. These exported jobs are also what is fueling the recent gains in the stock market because the difference between the old wages and the new lower wages goes into the pockets of the 1 percent via higher corporate earnings, rising dividends and surging share prices. Coincidentally, the graph only shows job losses via export until 2010. This trend has had increase since then.


The United States is importing more manufactured goods, primarily from jobs that have been exported, or created overseas, by US corporations. In other words, the imports we purchase from overseas are from jobs that used to be, or would’ve been, in the US, in the absence of the free trade treaties that have paved the way. The difference between the old wages and the new lower wages overseas goes into the pockets of the 1 percent via higher corporate earnings, rising dividends and surging share prices.

Some of the jobs have been lost to automation, but most have been exported.

Manufacturing gone south since and because of Nafta and other trade agreements

Free Trade Agreements Mean Jobs Are Evaporating All Over the World

Cumulative Jobs Exported Since Nafta became law. These figures are from the Federal Reserve. Notice, Fed officials don’t suggest these jobs have been lost to automation.

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Was it tax cuts for the rich that caused the federal deficit? Was it Trickle down economics? Were free trade agreements the cause? Privatization schemes? Deregulation? No Child Left Behind? Okay, here’s the answer.

The deficits were caused by all of the above. They have redistributed income from the 99 to the 1 percent, destroyed the middle class, wiped out the economy, and began the process of turning the United States into the biggest banana republic of all time. Thank you Ronald Reagan, Barack Obama, George W. Bush, Bill Clinton, John Boehner, Ron Wyden and so many more.

All of these Wall Street drones and more continue to espouse policies that continue the process of denuding the American 99 percent of income and wealth by redistribution these things to their masters of the 1 percent.

Who is responsible for the federal deficits?

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Liberals question why poor voters who use public assistance still vote for Republicans who want to cut those very services. The real story, Gary Younge finds, is much more complicated. Click for the full story below.

Why Working Class People Vote For Republicans–the Guardian UK

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How has the economy fared under the stewardship of President Obama after he inherited the utter disaster left over by the worst president in US history, George W. Bush? People need to understand that Mitt Romney has the same economic plans for the US as had Bush. Are we ready for another mess? Another disaster? Click the link below to take a look at the charts and sets of data to see how things have become under Obama. I’m no Obama fan, but Wall Street Mitt plans to turn the US economy into a toxic wasteland for the 99 percent, all for the benefit of the 1 percent.

Ten sets of data and charts–The Guardian UK

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After spending an entire year protesting peacefully in front of the U.S. Embassy, maintaining an occupation day and night, four members of ASOTRECOL, the association of workers and ex-workers injured at the General Motors assembly plant in Bogota, Colombia sewed their mouths shut Wednesday August 1st, 2012, beginning a hunger strike that they are determined to continue until General Motors resolves their situation or they die.

These workers were fired for occupational injuries that they developed from the General Motors assembly line- from doing repetitive movements, lifting excessive weights, being put into harmful body positions and being pressured to maintain an accelerated work pace. General Motors Colombia operates in a way that exacerbates these injuries and abuses- obligating workers to work extra hours, hiring workers for short contracts, detecting which workers are injured inside the company medical facility, dismissing workers shortly after their injuries are detected, inventing the reason for the dismissal, intimidating workers into signing their dismissal papers, using falsified papers and bribed officials, and controlling the media through its advertising dollars.

General Motors received a bailout in 2008 and a significant percentage of the company is still owned by the U.S. people (around 26%). The tax dollars of workers here have been used to help a company abuse workers.

Wall Street Senator Ron Wyden voted for the Colombia Free Trade Treaty last year fully knowing what’s going on in Colombia, which is not only about the protest in front of the US embassy, but also the continuous murder of labor union leaders. Almost three thousand have been butchered in Colombia since 1986. Nobody has been been charged with a crime in these murders. That means the Colombian government is behind the butchery, and on behalf of US corporations. Wall Street’s president Barack Obama signed the illegal treaty into law late in 2011 knowing all of this. So did Wall Street Ron Wyden.

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