Five Graphs And a Video That Will Make Your Blood Boil: Lies of the US Propaganda Media, The US Jobs Crisis! The Mystery is Solved

Look at the graph below. Almost 30 million US jobs have been shipped away since the signing of NAFTA, according to the Federal Reserve. That’s your tax base for schools, police and other government services. That’s why classes are overcrowded and school district’s are finding it difficult to keep up with constantly rising prices.

The total number of jobs exported since Nafta was enacted into law in 1994.

When jobs are shipped overseas, the difference between the old higher wages and the new lower wages are redistributed into the pockets of rich corporate shareholders via rising corporate earnings, soaring share prices and skyrocketing dividend payments. That means the wages of nearly 30 million jobs and the tax base these jobs used to support have been redistributed into the pockets of the 1 percent. That’s precisely why CEO pay has gone up and up since Nafta and other free trade treaties have been enacted. Check out the graph below. Notice that the massive rise in CEO pay began in 1994.

It should also be pointed out that free trade treaties not only pave the way to redistribute your child’s education to the .01 percent richest of Americans, these income redistribution treaties also pave the way for US companies to create jobs overseas, rather than here, where they belong.

The US propaganda media tells us that the jobs are going away because of automation. This is a lie because nobody would have a job nowadays since automation has been occurring since the industrial revolution began, and for the most part, more jobs are always created by new technologies and automation. Think about computers. They replaced typewriters. Computers support far more jobs and job creation than typewriters ever did. Where do you think all that software comes from? The Internet wouldn’t exist without computers. So why is there a jobs crisis? Check out the graph below. According to the Federal Reserve, every year one to two million jobs are shipped away. That doesn’t count the jobs US corporations create overseas, rather than here, due to free trade treaties.

US corporations continue to ship millions of jobs overseas, and they continue to create them overseas due to free income redistribution trade treaties. Almost three million jobs were shipped away in 2009 and 2010. Probably another two million were shipped away in 2011, and even more in 2012. Did automation do that? I don’t think so. Did automation sign a free trade treaty so that US corporations could create jobs overseas rather than here? I doubt it.

Look at the graph of the Dow Jones Industrial Average below. Notice that when NAFTA was signed into law by President Bill Clinton in January 1994, the Dow took off, from just under 4,000 to up and up. Opening Mexico to free trade allowed US corporations to move production there and redistribute massive amounts of income from working people to the 1 percent in the process. It also paved the way for US corporations that produced goods in extremely low paying places like China to ship those items to Mexico, and in the process, this crushed Mexican production in such things as shoe manufacturing, but it was profitable for American companies, and the 1 percent. Record corporate earnings, due to redistributing income from working Americans to the 1 percent, has pushed the Dow Jones to record levels.

The Dow is over 14,000 nowadays. One reason is because of record corporate profits. How can that be since we have a weak economy? The world economy is also weak. So what can possibly explain the rise in the Dow? Since the demand for goods and services are historically pathetic, the only way for corporations to bid up their share prices has been to ship jobs overseas, and that means millions of them.

The result of free trade income treaties have been a financial miracle for the top 1 percent, and especially so for the top .1 percent. Those are the people who own the federal government, sheep dogs like Wall Street Senator Ron Wyden. Notice that a massive shift in income going to the 1 percent began, oh, judging by the graph, about January 1994, when Nafta was signed into law. That’s the result of your free trade treaties.

The rest of us are being driven into banana republic status since our income is being redistributed to the 1 percent.

One other point needs to be made. The graph below only goes to 2007. Since then the 1 percent has been stealing well over 88 percent of all income growth. That means the 1 percent are now stealing over 30 percent of all the income earned in the USA.

This is why free trade treaties are so popular among the 1 percent. This is why their propaganda machines, like Fox News, MSNBC, the Oregonian newspaper, the New York Post and the New York Times and all the major and cable propaganda networks love free trade treaties and why they lie to us by telling us that automation is the great job destroyer.

So we know free trade is the great job destroyer, the primary vehicle of income redistribution, and the great conduit of wealth redistribution.

More income means more wealth. So the 1 percent now own over 40 percent of all wealth in the US compared to 8 percent forty-five years ago. Take a look at the video below to get a good idea about the actual distribution of wealth, which are assets. The US is the 75th most unequal nation in terms wealth inequality in the world, and that was several years ago. It’s gotten much worse since then. And it’s getting worse. Want to reverse this trend? Take action. Get involved. Stop the newest trade treaty that’s being negotiated; the Trans Pacific Partnership. The Guardian newspaper calls it “NAFTA on Steroids.”

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Barack Obama’s War Against the Middle Class: Rising trade deficits with Japan illustrate problem with proposed Trans-Pacific Partnership

From the Economic Policy Institute:

“The U.S. trade deficit with Japan has increased steadily over the past four years, reaching $79.9 billion in 2012, an increase of $13.4 billion (20.2 percent). Last month, the United States and Japan agreed on language that could allow Japan to join negotiations to enter the Trans-Pacific Partnership (TPP), a proposed free trade agreement with 10 other Asia-Pacific countries (a new round of negotiations on the TPP began in Singapore last week ).

Exports support U.S. jobs but the larger volume of imports displaces even more jobs. Trade deficits such as the one we have with Japan have cost the United States millions of jobs, most of them high-paying jobs in manufacturing. Signing trade deals is an ineffective way to create jobs, in large part because they usually result in higher trade deficits. One of the biggest causes of our trade deficits is currency manipulation, which acts as an artificial subsidy to other countries’ exports and a tax on U.S. exports. Japan has a history of currency manipulation, and Japanese Prime Minister Shinzo Abe announced that he intended to weaken the yen when he was elected in December. The yen has declined 11.9 percent since then.”

The US also has a trade deficit with China, but that’s not quite the truth. The US has a trade deficit with US corporations that do their manufacturing in China, such as Nike, Apple and Microsoft. The worse thing is that the Obama man may force US textile manufacturers to move their facilities to China, as well. On the other hand, it should be pointed out that there are plenty of US textile manufacturers in China, already.

The TPP is being negotiated by officials from the Obama administration. Obama’s policy preferences, like George W. Bush before him, have been to redistribute income and political power from the 99 to the 1 percent, or at least the slice of the 1 percent that Obama represents, such as the Crown Brothers of General Dynamics. That’s what the TPP is all about.

The TPP will off shore more US jobs and continue a deadly race to the bottom in order to support the Ponzi Scam known as Wall Street. That’s because US corporations must experience long-term rising share prices, which means profits must continually rise, more or less. And the best way for that to occur is if wage rates are reduced more and more. And so the TPP is an engine not only to get around the US Constitution (That’s another story), but also to depress wages and other compensation worldwide. So naturally Obama is aiming to destroy US textile jobs and redistribute the wages of the people who actually do the work to the 1 percent via higher corporate earnings, rising share prices and surging dividends.

Within the framework of the Trans-Pacific Partnership Agreement, the government of Vietnam is demanding “preferential rules of origin to use raw materials from China.” This includes yarn, thread and fabric.

Central American textile businesses are also worried that Vietnam will get more flexible terms to import its apparel into the US, such as an end to tariffs on apparel goods. In which case, some estimates suggest El Salvador alone will lose 200,000 textile jobs. These jobs are located in large part within Maquila zones, which are zones in which US companies are allowed to assemble goods and then export them duty free to the United States.

Once these zones were established, US corporations sent jobs to Central America. The difference between the old wages in the US and the new lower wages in Central America went into the pockets of corporate CEOs and rich shareholders. The people whose jobs were shipped away as part of the Democratic and Republican Party’s war against the 99 percent were lucky if they got unemployment insurance. The Central America Free Trade Treaty (CAFTA) did the same thing, only on a grander scale.

Nowadays, every year, the 1 percent legislatively steal about 32 percent of the income of the United States compared to about 7-8 percent thirty-two years ago. That means the 99 percent have less money to burn, which creates less jobs. And guess what else? The 1 percent destroy jobs by pressuring the government to enact more and more free trade treaties because they wipe out American jobs and redistribute the income from the lost jobs into their own pockets.

It just so happens that textile workers in the El Salvador Maquila zones earn .78 cents per hour, compared to .60 cents of their Vietnamese counterparts. However, the Maquila Zones in Central America have a cost advantage over their Vietnamese rivals since there are no tariffs for their products exported to the USA. If Vietnam is allowed to ship their apparel products into the US duty free, El Salvador will have a labor cost disadvantage vis-a-vis Vietnam.

Now here’s the real problem.

“U.S. textile manufacturers produce yarn, thread, and fabric for apparel, home furnishings, and for various industrial applications. In 2011, the U.S. textile industry generated $53 billion in
shipments and directly employed about 238,000 Americans, accounting for 2% of all U.S. factory jobs. Approximately one-third of U.S. textile production is exported, with the bulk of the exports
going to Western Hemisphere nations that are members of the North American Free Trade Agreement (NAFTA) or the Central American-Dominican Republic Free Trade Agreement
(CAFTA-DR), like El Salvador and Honduras.

Both free trade agreements provide that certain exports from member countries may enter the U.S. market duty-free only if they are made from textiles produced in the region. This has encouraged manufacturers in Mexico and Central America to use U.S.-made yarns and fabrics in apparel, home furnishings, and other products. Exports to the NAFTA and CAFTA-DR countries contributed to a U.S. trade surplus of $2.5 billion in yarns and fabrics in 2011.”

So the TPP has the potential to affect U.S. textile exporters in at least two ways. As mentioned earlier, it could enable Asian apparel producers, principally Vietnam, to export clothing to the United States duty-
free.” Roughly 40 percent of Nike’s products are produced in Vietnam. Guess what corporation is lobbying US politicians to support the TPP and eliminate the import duties from Vietnam?

“This (TPP) would eliminate much of the advantage now enjoyed by Western Hemisphere apparel producers in the U.S. market and, because Vietnamese manufacturers make little use of U.S.-made textiles,” will likely “reduce demand for U.S. textile exports,” killing US jobs, and redistributing income from the 99 to the 1 percent in the process. Second, it is possible the TPP will allow Western Hemisphere apparel manufacturers to use yarn and fabric made in any TPP member nations, such as China, which is where Vietnam gets its yarns and fabrics.”

In other words, Vietnamese apparel makers could wipe out El Salvador apparel makers, and that’s how Obama’s scam would destroy a couple of hundred thousand textile jobs in El Salvador. But this process would eliminate tens of thousands of US jobs in the textile industry, since the jobs in El Salvador are dependent on yarn, thread and fabric made in the USA.

In other words, Obama’s TPP scam is intended to make the 1 percent richer at the expense of the 99 percent, precisely because all free trade treaties are negotiated with this as the intended consequence. And this is just one of the income redistribution scams hidden within the negotiations of the TPP.

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Senator Jeff Merkley Calls for New Approach to Labor and Environmental Standards and Crackdown on Unfair Foreign Subsidies in Upcoming Trade Agreement

On February 15 2013, Oregon Senator Jeff Merkley urged President Obama to include in the upcoming Trans-Pacific Partnership (TPP) Agreement new, stronger provisions to ensure that responsible U.S. businesses that pay well and meet high labor and environmental standards are not disadvantaged and that middle class Americans benefit from trade, which is something that happens, but it’s an accidental by-product of free income redistribution of income from the 99 to the 1 percent treaties. This is a radical difference between Merkley and Oregon’s other senator, Wall Street Ron Wyden. Wyden has been using free trade treaties to redistribute income from the 99 to the 1 percent since he entered congress two decades ago. On the other hand, Merkley has been fighting for the middle class since he entered the senate in 2008. Nobel Prize Economist Paul Krugman nicknamed Wyden, the “Useful Idiot.” By the way, President Obama and Wyden are almost always on the same page when it comes to redistributing income as described above.

Merkley’s letter asks the President to negotiate for a new approach to labor and environmental standards that makes them meaningfully enforceable using existing trade remedies. This request is likely to go nowhere with President Obama, whose base is such characters as Goldman Sachs and JP Morgan Inc,. The letter also asks that the treaty crack down on the threats to U.S. businesses and workers from foreign industrial policies, such as subsidies from state-owned banks and forced technology transfers that disadvantage American businesses, especially manufacturers. In the president’s State of the Union address, President Obama prioritized destroying the middle class and eroding Constitutional protections for people of the 99 percent by finishing the negotiations for the TPP.

“When free and fair, trade can encourage competition in the market, offer consumers a wider selection of better quality products at lower prices, and raise living standards around the world,” wrote Senator Merkley. “The success of our trade policies, like our economic success more broadly, should be measured by whether they move America’s middle class forward and help advance a vibrant, diverse economy with a robust manufacturing sector. I look forward to working with you to make trade with Asia a source of economic strength for U.S. businesses and workers.” The president and Useful Idiot Ron Wyden want none of this. They want the opposite.

Ideas presented by Senator Merkley in his letter to President Obama to strengthen the upcoming TPP Agreement include:

* Specifically and powerfully addressing the multi-tiered industrial policies that are particularly prominent in the Pacific region and that pose a serious threat to a free and open global trading regime, including:
* trade-distorting subsidy programs and practices, such as major, inappropriate grants for cheap land and utilities, preferential loans from export development banks, and discriminatory or unaccountable tax rebates;
* broad-based industrial subsidies such as strategically misaligned currencies, discriminatory policies that favor state-owned enterprises, and artificially cheap financing from state-owned banking systems; and
* strategic non-tariff barriers, such as mandatory joint venture requirements, forced technology transfers, opaque approval processes, and discriminatory technology standards.
* Taking a new and creative approach to stopping the global “race to the bottom” on labor and environmental practices , specifically by setting benchmarks for fair labor and environmental practices, and making them enforceable using the same tools available for enforcing other provisions of trade agreements.

The full text of the letter to President Obama is included below.

The senator Oregonians can be proud of, Senator Jeff Merkley

Dear President Obama:

Without question, trade is an important part of our nation’s foreign and economic policies. Trade solidifies our relationships with other nations, establishes the rule of law internationally, and encourages international educational and cultural exchange. When free and fair, trade can encourage competition in the market, offer consumers a wider selection of better quality products at lower prices, and raise living standards around the world. Moreover, for America to be prosperous long-term, we must be able to export our goods and services to growing international markets. Oregon, in particular, has many jobs that depend on trade.

You have stated that our trade policies should be oriented towards strengthening the American middle class and building thriving export and manufacturing sectors. In your State of the Union yesterday, you prioritized concluding the Trans-Pacific Partnership (TPP). Given the strategic importance of the Asia-Pacific region economically, you have repeatedly emphasized the need to make it the gold-standard for a 21st century trade agreement. Although I have expressed concern about past trade agreements, I write today to emphasize my support for getting the TPP right. Late last year, I joined letters led by Senator Al Franken (on a range of issues) and Senator Ron Wyden (on the environment) that set forth a number of views I share. I would like to offer now several additional thoughts and suggestions for how to make the TPP an agreement I can support.

First, the TPP must specifically and powerfully address the multi-tiered industrial policies that are particularly prominent in the Pacific region and that pose a serious threat to a free and open global trading regime. Policies that should be addressed include:
· trade-distorting subsidy programs and practices, such as major, inappropriate grants for cheap land and utilities, preferential loans from export development banks, and discriminatory or unaccountable tax rebates;
· broad-based industrial subsidies such as strategically misaligned currencies, discriminatory policies that favor state-owned enterprises, and artificially cheap financing from state-owned banking systems; and
· strategic non-tariff barriers, such as mandatory joint venture requirements, forced technology transfers, opaque approval processes, and discriminatory technology standards.

The policies noted above are fundamentally at odds with U.S. economic and political traditions. Even when federal and state governments have attempted to match some of the industrial subsidies available abroad, basic democratic protections such as transparency and taxpayer accountability, as well as tight budgets, have tended to limit their scope. In contrast, some less democratic governments have been able to adopt policies that, although arguably wasteful in the short-run, have over time been able to achieve long-run shifts in supply chains and industrial competitiveness. Moreover, with companies from emerging markets increasingly investing abroad, including in the U.S., the subsidies they receive, especially in the form of beneficial financing arrangements, could put U.S. companies at a disadvantage even on U.S. soil. The TPP presents an opportunity to address the risks – and waste – from foreign industrial policies in forceful ways.

Second, the TPP should take a new and creative approach to stopping the global “race to the bottom” on labor and environmental practices by mandating enforceable minimum standards in these areas. Maintaining basic labor and environmental standards are fundamental to a fair and level playing field in trade and are at the core of what it means to live in a middle class society. Recent FTAs improved upon earlier agreements by including provisions relating to labor and environmental standards, but much more needs to be done. Instead of resting on past progress, the TPP should raise the bar by including clear and appropriate standards requiring adherence to basic labor rights, fair wages, and specific environmental protections, along with clear and appropriate new enforcement tools.

One approach to consider would be using our existing anti-dumping laws as a model to enforce minimum labor and environmental standards, an innovation that would take advantage of the ability for FTAs to go beyond WTO requirements.[1] In this scenario, if a TPP party exports goods that are produced by workers paid less than a “fair wage,” those goods could be subject to an enforcement action that would raise the price of the import to what it would have cost to produce if a fair wage had been paid. The “fair wage” could be determined according to an agreed-upon, reviewable formula that would take into consideration the local cost of living.[2] A similar approach could be used to implement minimum environmental standards.[3] Implemented properly, this novel approach would create a “race to the top” in global markets – leveling the playing field for U.S. manufacturers and workers, raising living standards for foreign workers, and stimulating consumer demand overseas for U.S. exports. It could even benefit U.S. corporations that already adhere to good labor and environmental standards overseas but are competitively disadvantaged relative to less scrupulous competitors.

As you enter the next and critical stage of TPP negotiations, I hope you can keep the priorities I have outlined in mind. In the end, the success of our trade policies, like our economic success more broadly, should be measured by whether they move America’s middle class forward and help advance a vibrant, diverse economy with a robust manufacturing sector. I look forward to working with you to make trade with Asia a source of economic strength for U.S. businesses and workers.

Sincerely,

Jeffrey A. Merkley
United States Senator

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Is Obama Responsible for the Slow Recovery?

Is this poster correct?

The poster is correct, but only to a certain degree. Obama bears some responsibility for the slow creation of jobs. First of all, Charlie Brown was dumb enough to get fooled by Lucy time and time again. Likewise, President Obama was stupid enough to get fooled by his own economic advisers over and over again, notably by the Wall Street toadie, Lawrence Summers.

For example, Obama’s original stimulus package was about three times too small to engineer an economic recovery, and there were plenty of worthwhile economists who said so, such as Nobel prize winners Paul Krugman and Joe Stiglitz.

Second of all, Obama continues federal policies that redistribute income from the 99 to the 1 percent, his masters, such as the Crown Brothers of General Dynamics. Those policies began under Ronald Reagan, and include such legislation as free income redistribution trade treaties. Obama has already signed three of these treaties into law knowing they would cost the 99 percent jobs, and the difference between the old higher wages here and the new lower wages there are going into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices. Obama knows this. He isn’t stupid, like Charlie Brown. Now the Obama man is negotiating the biggest free income redistribution treaty in USA history, the Trans Pacific Partnership. This scam will redistribute even more income from the 99 to the 1 percent than Nafta. The Guardian calls it “Nafta on Steroids.”

Sure Republicans obstructed Obama’s agenda for the last four years, but Obama’s agenda included sucking the middle class dry and shifting their former income into the already fat wallets of the 1 percent. So he bears quite a bit of the responsibility for our slow economic recovery.

Obama also failed to recognize that the redistribution of income from the 99 to the 1 percent over the previous 26 years has stifled the demand for goods and services from the 99 percent because they earn less money than they used to. That stifles job growth and has lead to the anemic recovery. Not only that, Obama’s agenda has invigorated America’s economic slow motion collapse.

As for the 1 percent, they usually invest their money in things that destroy rather than create jobs, such as derivatives, buying politicians and legislation, and free income redistribution treaties.

Worse yet, the 1 percent now steal about 31 percent of all US income, compared to 8 percent 31 years ago. That means the 99 percent earn 69 percent compared to 92 percent in 1980.

That’s why President Jimmy Carter looks like such a genius compared to the president’s that have followed him. The deficit was historically small under his watch compared to when Obama, Bush and Reagan have been president, but 208,000 jobs a month were created under Carter, and with rising wage rates. That was with an economy with 60 percent of the GNP and population as we have today. It was because the 99 percent had way more money to spend then, making job growth far more robust compared with now. Obama knows this as surely as I do. But he dare not do much to alleviate the burdens of the middle class for fear of angering his corporate backers. Wall Street Senator Ron Wyden is very much the same as Obama, in this regard.

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The US Trade Deficit: A Measurement of Income in the US Being Redistribributed from the 99 to the 1 Percent

Free trade treaties are gifts given to Wall Street and billionaires by US government officials, such as President George W. Bush, President Bill Clinton, President Barack Obama and “Senator Wall Street fetch boy Ron Wyden.” The treaties allow US businesses to ship the jobs of US citizens overseas, and also allows them to create jobs overseas, which wouldn’t be possible without the treaties. When this occurs, the difference between the old and higher wages in the US and the new lower wages goes into the pockets of the billionaires that fund political campaigns and propaganda advertisements directed at the 99 percent. In other words, free trade treaties are an income redistribution scam from the 99 to the 1 percent. The 99 percent are the people that need jobs to support themselves.

When their jobs are shipped overseas so that their income can be redistributed to billionaires, they not only lose their livelihoods, which they would perform year are year, but the billionaires get the income of the 99 percent year after year. The result is the destruction of local and state tax bases that support state and local government services, such as fire, road repair, police and schools.

We hear from the corporate news media that “the United States has a trade deficit with China. China had a record trade surplus with the US in October of this year.” Of course that’s a half-truth, although it’s more likely an out and out lie. US corporations have shipped production to China during the last several years. The products shipped from China to the USA come with names such as Microsoft, Apple, Nike and many others. The US trade deficit is with US corporations, which are owned by billionaire investors. Therefore, the trade deficit is not between China and the US, but between the billionaire investors and the rest of the USA. In other words, the US trade deficit gives us a rough idea how massive the yearly redistribution of income and wealth is occuring every month between the billionaires and the 99 percent.

The 1 percent now steal about 29-31 percent of all US income, up from 23.5 percent in 2008, and about 8 percent thirty-two years ago. According to the US Census Bureau, the US had a trade deficit with all nations of less than $20 billion in 1980. In 2011, that deficit was nearly $560 billion. The growth of the US trade deficit and income redistribution has mirrowed each other. Think about it.

Related Article Below

Trade Deficit Dots Connect to Billionaires–truthout.org

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Corporate Profits are at an all-time high as worker pay plunges

According to a report by CNN, in 2012, third quarter corporate earnings were $1.75 trillion, up 18.6% from a year ago. Corporations are currently making more as a percentage of the economy than they ever have since such records were kept. That money goes to shareholders and CEO’s, charter members of the 1 percent. But at the same time, wages as a percentage of the economy are at an all-time low, as this chart shows. (The red line is corporate profits; the blue line is private sector wages.)

As CNN Money explained, “a separate government reading shows that total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001.”

As CNN also explained, “businesses with high labor costs have either gone under or moved offshore.” And that’s the real problem. Free trade treaties are really income redistribution treaties. The difference between the old higher pay of US jobs and the new lower pay in other nations goes into the already fat wallets of CEO’s and rich shareholders.

So when somebody loses his or her job on account of an income redistribution trade treaty, that person loses the money year after year. However, the money isn’t really lost. It goes into the fat wallets of the rich year after year. That’s what’s going on right now.

And President Obama plans on redistributing more cash from the middle class to the 1 percent via the Trans Pacific Partnership, the largest free income redistribution trade treaty ever. In other words, Obama is rigging the game even more against the middle class, while simultaneously destroying the economy’s ability to increase the demand for goods and services.

Corporate profits are at an all-time high. Worker pay continues to go down, down, down. The result is an economy that is tilting toward the abyss. This is a no-brainer.

ric
Corporate profits at an all-time high–Thinkprogress.org

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Obama’s Betrayal of the 99 Percent; The Pacific free trade deal that’s anything but free

The Guardian UK reports, In reality, the Trans Pacific Free Trade Treaty… “has almost nothing to do with trade: actual trade barriers between these countries are already very low. The TPP is an effort to use the holy grail of free trade to impose conditions and override domestic laws in a way that would be almost impossible if the proposed measures had to go through the normal legislative process. The expectation is that by lining up powerful corporate interests, the governments will be able to ram this new “free trade” pact through legislatures on a take-it-or-leave-it basis.”

Free trade scams, which are labeled “agreements” to avoid the constitutional requirement that all treaties require a 66 percent yes vote in the senate, are treaties aimed to redistribute income from the 99 to the 1 percent. It’s also a way to redistribute what little political power the 99 percent has to the 1 percent, as the Guardian noted above. President Obama represents one faction of the 1 percent; Wall Street Mitt the Twit Romney represents the other faction.

When jobs are shipped or created overseas because of these treaties, the difference between the old, higher US wages and compensation and the new, lower foreign wages and other compensation goes into the pockets of the 1 percent via higher corporate profits, higher dividends and surging stock prices.

The rich also receive the difference between the cost of the old higher standard environmental US regulations and the more lax environmental regulations (if any) in the foreign nations.

But now the TPP has new things in store to redistribute income from the 99 to the 1 percent by bypassing the normal political process, which is why the Obama regime is negotiating the treaty in the first place.

These treaties are the biggest reason the 1 percent now receive nearly 30 percent of the total income in the US compared to around 7 or 8 percent thirty-two years ago.

The Trans Pacific Free Trade Agreement is more of the same, only worse. The Guardian UK has called the treaty NAFTA on Steroids. Click on the link below for more of the story.

Obama's Betrayal: The Pacific Free Trade Income Redistribution Deal–Guardian UK

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what democrats can learn from the failed/disastrous economic policies of the Twit Twins; Mitt Romney and Paul Ryan

The failings of the Republicans’ economic plan may be stark, but Democrats need a trade policy that follows through their critique. Democrats like Wall Street Senator Ron “Fetchboy” Wyden know that free trade policies are primarily enacted to redistribute income from the 99 to the 1 percent. Jobs are shipped overseas, or are created overseas, due to the fine print in the treaties. The difference between the old higher wages in the USA and the new lower wages overseas goes directly into the pockets of the 1 percent via higher corporate profits, rising dividends and soaring share prices. Like all Republicans, and Ron Wdyen, President Obama is prime supporter of these Free Income Redistribution Trade Treaties. They all know these treaties are enacted primarily to redistribute income as listed above, but they all are talented enough to pretend that they don’t understand the relationship between trade treaties and income redistribution. They lie. Ron Wyden is the biggest liar of them all.

Click the link below for the story.

what democrats can learn from the failed/disastrous economic policies of the Twit Twins; Mitt Romney and Paul Ryan

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Has Senator Ron Wyden of Wall Street Gone Insane?

Senator Ron Wyden, who is supposed to represent the people of Oregon, but who represents the 1 percent of people who use Wall Street to steal money from the 99 percent, is not happy with the latest income redistribution scam put forth by the Obama administration. That scheme seeks to redistribute more and more income from working people to the ultra wealthy.

The senator is the chairman of the senate subcommittee on trade. He is leading the charge against the scam, which is something of a miracle, but more of a coincidence, since he normally aids and abets such plots against the American people.

The Trans Pacific Trade Agreement (TPP) is being negotiated in secrecy, except for the 600 corporate lobbyists with access to the negotiators and a few members of congress. The negotiations involve twelve nations and it’s going to be bigger than Nafta. That’s a ton of income the Obama administration is planning to redistribute from working Americans to Wall Street.

Leaked documents show the pharmaceutical corporations want higher prices. Can you guess whose pockets they intend to pick when the TPP is enacted into law? Yours, or some other working stiffs somewhere. And then Big Pharma will take their higher prices, swell their profits, jack up their dividends and pump up their share prices. That’s how the extra money working stiffs will pay to stay healthy and alive will wind up in the pockets of the affluent. Think about it for just a moment.

The Obama administration is negotiating to jack up the price working people will pay to stay alive. That’s how the free trade income redistribution scam works. Your money or your life. Sounds like highway robbery to me.

Senator Wyden normally supports Wall Street in the rape and pillage of the 99 percent, especially via free trade scams. So what gives?

Wyden said, “The majority of Congress is being kept in the dark as to the substance of the TPP negotiations, while representatives of U.S. corporations — like Halliburton, Chevron, PhRMA, Comcast and the Motion Picture Association of America — are being consulted and made privy to details of the agreement.”

This statement explains a great deal. Wyden represents Google and other Internet firms. They are opposed to anything which would inhibit downloading and other things they do to make a profit. The movie industry and others don’t like this. The TPP could be a vehicle to go around Wyden and other supporters of Internet freedom. In this way, Wyden appears to side with the people of Oregon, whom he is supposed to represent, but whom he does not normally on economic matters, since he likes free “income redistribution” trade scam treaties. But his opposition to the secrecy of the TPP is a happy coincidence for the people of Oregon.

There is one other thing to note. The senator’s opposition is not to the TPP, but to it’s secrecy.

Related stories

Trans-Pacific Partnership: Key Senate Democrat Joins Bipartisan Trade Revolt Against Obama

Wyden's Statement Introduction of Congressional Oversight Over Trade Negotiations Act

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It’s a First! Most unemployed Americans attended at least some college, for the first time ever

What will you achieve if you take out student loans, go to college, improve your skills and get ahead of your competition? For the first time in US history, you’ll most likely get a ton of student loan debt and join your competition in a place on a very long unemployment line. But the affluent will become richer, thanks to your debt. By the way, that’s something neither Republicans nor Democrats want you to know. Student loan debt is a scam to make you indentured servants for a very long time.

This is the new normal. Go to college, get heavily into debt, and become unemployed or underemployed. Blame free trade treaties. Those treaties are intended to redistribute income from the 99 to the 1 percent. Ship the jobs overseas, or negotiate a treaty that makes it easier to create jobs in lower wage countries. Pretty soon the jobs here dry up, and so does the tax base, resulting in government layoffs, such as police and teachers. Jobs gone. Just like that. But the difference between the old wages here and the new wages over there fly into the already fat wallets of the super rich, who then buy more politicians, such as Senator Ron Wyden, who then vote yes on more income redistribution treaties. That’s the whole game.

By the way, for every 68 or so blue collar jobs shipped away, or created overseas, another 32 jobs go overseas with them, and these are mostly white collar jobs that require a college degree. These include management, accountants, lawyers, bookkeepers, computer programmers, etc… Every one of these jobs shipped overseas has meant the loss of three other jobs in various local industries, many of which require college degrees.

This is why there are so many college educated people in the unemployment line.

Most unemployed Americans Attended at Least Some College

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