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Posts Tagged ‘Barack’

The economy sucks under President Barack Obama, especially for those under the age of thirty, but if you’re a member of the top 1/2 of 1 percent, you’re doing pretty good since the president intends to use legislation to redistribute income from the bottom to the top. That’s what he’s been doing. That’s why corporate profits are at an all time high when demand is so slack. That’s why the Dow Jones average is at an all time high, because income is continuously being redistributed from the 99 to the 1 percent. Free trade is a perfect example of an income redistribution scam. The president has signed three of them into law, despite government studies showing how they result in job losses. Check out the following link. http://johnhively.wordpress.com/2013/01/18/the-biggest-income-redistribution-scam-free-trade-treaties/

Still, for the 99 percent it’s a better economy than when George W. Bush left the nation in ruins. However, it’s not as good as under any president since Herbert Hoover (and Bush) left the nation in shambles in March 1933. That’s a lot of presidents.

Think about it this way. Under President Jimmy Carter, the US added 230,000 jobs a month on average, with an economy with 60 percent of the population and 60 percent of the gross domestic product as today. In comparison, it’s an awesome month for Obama if the economy creates 180,000 jobs thirty-three years after Carter left office. Why the difference? It’s simple. When Carter was president, the 1 percent took home about 8 percent of the total national income, compared to slightly over 30 percent today. That’s why there’s such a significant difference in the performance of the economy under Carter and Obama.

The 1 percent invest their money in derivatives, like credit default swaps and bonds backed by home mortgages, and things that produce nothing, and they typically are a drain on the economy. The 99 percent use their money to buy goods and services, which stimulates job growth and wage increases. That’s why income distribution is so important. Obama knows this, but unlike President Franklin Roosevelt, Obama refuses to do anything about it. The president also allows Wall Street criminals to go free, something not even the corrupt and incompetent George W. Bush did when Worldcom and other companies committed criminal acts.

In other words, Obama has no intention of doing anything that makes the nation so ill. His real base is a slice of the 1 percent. Still, give him some credit where credit is due. Okay, not that much credit is due to him except for the gains on Wall Street and the record setting corporate profits. That hasn’t done anything for the 99 percent except suck them financially dry. Check out the graph below.

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The Trans Pacific Pact (TPP) is going to redistribute income and democracy from the 99 to the 1 percent. That’s what all free trade treaties are about. These unconstitutional treaties have nothing to do with trade. TPP is the biggest, baddest one of these treaties. The Guardian newspaper of the UK calls the TPP “Nafta on steroids.” There are those who oppose these income redistribution treaties. An announcement of one such action is below.

Cross-Border Organizing Summit & Rally to Defeat the TPP

Saturday, December 1 * Peace Arch Park
in Blaine, WA on the U.S./Canada border

Join hands with Canadian, Mexican and American trade justice advocates from the labor, environmental, family farm, immigrant rights, Internet freedom and other social movements to help launch a historic, new tri-national campaign to defeat the Trans-Pacific Partnership (TPP) corporate power grab.

RSVP FOR A SEAT ON THE FREE BUS FROM PORTLAND
at http://www.OregonFairTrade.org or call (503) 736-9777

What Is the TPP?

The Trans-Pacific Partnership (TPP) is a massive, NAFTA-expanding trade and investment pact under negotiation between the U.S., Canada, Mexico and other countries throughout the Pacific Rim. If implemented, the TPP threatens to:

· offshore jobs, reduce tax bases and increase austerity, while undercutting worker rights globally

· promote fossil fuel exports and hand corporations new tools for attacking environmental rules

· further deregulate Wall Street financial institutions

· prioritize corporate profits over indigenous rights

· destroy family farms, force emigration and concentrate global food supplies into fewer hands

· block access to generic medications and limit freedom and innovation on the Internet

The good news is that, by working together across borders and issue areas, we have derailed similar corporate power grabs before. We can do it again!

What to Expect on December 1st

Meet rock-awesome local activists • Learn about the TPP from organizers throughout North America • Strategize on how to spread the word & mobilize in your community • Participate in a fun border action • Make movement history

For more info, contact the Oregon Fair Trade Campaign at elizabeth@oregonfairtrade.org or (503) 736-9777

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Carlos Montes faces 22 years in prison for throwing a can of soda at police during a demonstration way back when, in 1969. But that isn’t the real reason the sixty-four year old is facing prison. His political activities have gotten him the attention of President Barack “Wall Street” Obama.

Click the link below for the rest of the story.

A 64-year-old leftist activist turned retired Xerox salesman raided by the FBI over protest-related felony charge from 1969

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Let’s get something straight. President Obama is a tool of Wall Street in its war against the middle class. He is their class warrior. The Obama team is negotiating to ship more jobs overseas, gut US laws and do a lot of other nasty stuff to the middle class. Check out the video below from Occupy Dallas.

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It’s an election year and that’s why President “Wall Street” Obama “urged Congress to toughen penalties for improper manipulation of oil markets and called for stricter government oversight of energy markets.” Apparently, the president thinks there is a proper way to manipulate the market. Nobody should take the president seriously.

The price of gasoline in the United States is probably two to three dollars per gallon higher than if there was some kind of real, competitive, market. Gasoline may be even three dollars or more per gallon higher than it should be. The United States has been exporting more oil than it is importing for several months now, for the first time since the late 1940s. That suggests the market has been manipulated for a long time, that US production has been artificially curtailed and manipulated for decades, and that there is an overabundance of oil available, but the president hasn’t done anything as the price of gasoline has risen, fueled by the demands of the financial markets. The big boys are making us pay so they can keep their stock values high. It’s been a scam for a long time and the president hasn’t instructed his Department of Justice to use the Sherman Anti-Trust Act to break up the oil oligarchs and send some of these big and slick oil barons and their Wall Street cronies to prison for their crimes.

Related Story

The Myth of Peak Oil

click here for the complete story

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The Poor in America

What happened to Obama’s vision for America? Why is poverty exploding? Why are there so many homeless people? Maybe some of it has to do with Obama, the Democrats and the Republican continuing to enact legislation that redistributes income from the 99 percent to the one percent, from main street to Wall Street. The South Korea Freely Redistributing Your Income to the Rich Treaty is a recent example. That treaty is expected to cost the US nearly a million net jobs. The difference between the old wages here and the new wages there will go into the already overflowing wallets of the one percent.

Watch the film below to see what’s happening to the real face of the 99 percent. Then think how much nothing has changed, how the massive amount of poverty and unemployment will continue to grow under Obama. The 99 percent is playing a rigged game, in which the outcome has been fixed by legislation purchased in the halls of congress and the white house by the one percent.

There is one thing everybody should know; Elizabeth Warren for president.

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Wall Street Mitt Romney better take note; Chrysler just had its finest month of sales in four years. Mitt, of course, thought the government shouldn’t have saved Chrysler and General Motors via a bailout begun under President George W. Bush.

And speaking of Bush, he was probably, certainly arguably, the worst president in history with the possible exception of Herbert Hoover. His eight years in office were a disaster for the United States. Times magazine appropriately called it “the lost decade.” However, the Bush administration initiated the bailout of Chrysler and General Motors. So let’s give the corrupt, incompetent fool, some credit for doing good.

click here for the complete story

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The Illusion of Hope

Every economic downturn has its brief moments of glory; those times on the downsize when new government economic data is released that shows something positive. And each kernel of good news in the midst of unmitigated disaster is treated by the government and the news media as a golden nugget of opportunity to support the conservative and liberal economic conviction that the calamity is caused by mass depression among the populace. And so members of the Obama administration and their sychophants in the news media have touted a few nuggets of gold amidst a mile high heap of economic cow dung and are now telling us good times are right around the corner. They’re figuring the absolute cure for the recession is a golden nugget of bullshit.

It may take a couple of years, but as the next election cycle approaches, Herr Obama, the master of the silver tongue of hope, will come to the conclusion that his cure for mass distemper will not have relieved the unemployed of their desperation for life’s little pleasure (like jobs); his cure will likely have resulted in rising unemployment and a tendency among the underlying population to blame the president for the economic madness that has scuttled their hopes and dreams. It’s possible the economy will come out of this funk, but if it does, the unemployment rate will remain stubbornly high. So whatever the outcome he faces two years from now , Obama will have no choice but to decide to change course in order to become re-electable.

He’ll need to figure out that being the next Herbert Hoover isn’t helping, that his remedy of hope for hopelessness is stupid, so he’ll mosey over to the political left, just a little, but not enough to help with his re-election campaign. At some point, he’ll need to become the next Roosevelt, but the odds are when he decides to become a great president, rather than hover just above George W. Bush on the all time lists, he’ll be too little and too late.

That’s when he’ll discover that conveying to the mass of citizens a nugget of hope is not a cure for a recession.

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The incredible shrinking Obama

Politico By Glenn Thrush, Carrie Budoff Brown | Politico – Wed, Sep 7, 2011

The once-muscular presidency of Barack Obama has undergone a dramatic downsizing – in power, popularity, prestige and ambition – to the point where even Obama die-hards are starting to question his ability to right the economy or win reelection.

Three polls in a single day Tuesday all told the same sorry tale – the avatar of hope and change, the slayer of Osama bin Laden, the president with dreams of a billion-dollar reelection campaign – is losing popular support and bleeding political power fifteen months ahead of Election Day.

“He has sort of lost the sense of power and mystique of the presidency,” says longtime Obama ally Andy Stern, former president of the powerful Service Employees International Union. “There’s also a sense that people aren’t scared of him. That’s very dangerous.”

That makes Thursday’s high-stakes jobs speech before a joint session of Congress all the more critical for the White House. It’s not only Obama’s last chance to take a big, bold stroke at spurring employment, it might be his final opportunity to reassert the dominance he lost last November to congressional Republicans, who seem united on nothing other than the desire see him fail.

It hasn’t been pretty. Last week, hours after Obama acceded to Republican demands he move his speech to a joint session of Congress on jobs from Wednesday to Thursday, his press secretary felt compelled to reassure Americans that no, the speech wouldn’t preempt the NFL’s Packers-Saints season opener.

The speech will now start at the un-presidential hour of 7 p.m., just to make sure no one misses a single pulled hamstring.

“If the address is done by kickoff,” joked one veteran reporter in the White House briefing room on Thursday, “does that mean he sees the speech as the pregame show?”

To Obama, this speech is anything but a joke. Obama’s advisers, wary of leaks and preemptive attacks, haven’t been sharing details of the proposals he will make with members of Congress in either party. But sources tell POLITICO he is considering some new approaches, including the possibility of drafting his proposals as an actual bill, something he hasn’t done much in the past.

And the White House seems genuinely eager for fresh ideas, with aides laying out the framework of his speech to columnists on Tuesday in the Roosevelt Room, and then to a gathering of top Democratic strategists that included former Clinton chief of staff John Podesta, former Clinton press secretary Joe Lockhart, super-lobbyist and former Dick Gephardt aide Steve Elmendorf and Porter Novelli executive Kiki McLean.

The jobs speech, aides say, will be filled with action items, from new infrastructure projects, to the extension of the payroll tax credits — and possibly, according to one senior congressional source, an attempt to provide additional local funding for teachers at a time when they are being laid off by the thousands.

But to critics and allies alike, the fact that the president of the United State has to tip-toe around Aaron Rodgers and Drew Brees for the privilege of delivering a plan for putting Americans back to work is a measure of just how far he’s been humbled by an unforgiving economy, unyielding GOP and an unnerved, underemployed nation.

“He’s allowed the Congress to manhandle him, said one top Democratic ally of Obama’s. “Every time he’s put his foot down they’ve kicked him in the shin. It’s goddamn embarrassing. He’s losing power. He needs to grab it back.”

For some, Obama’s slide has brought to mind the infamous 1992 Time cover on “The Incredible Shrinking President” that described the political death spiral of President George H. W. Bush, who went from a 80-plus approval rating in the aftermath of the first Gulf War to the private sector a year later.

White House officials say that Obama isn’t interested in his image and is willing to do anything, including occasionally losing face, to strike the appropriate balance between job creation and deficit reduction.

If Obama has a power problem, his aides say, it’s only because he has to share it with House Republicans, who have shown a suicidal willingness to push the country to the edge in pursuit of political gain and ideological purity.

“[Obama] fully understands the anxiety that is out there among the American people about the economy [and] the frustration at the pace of growth,” White House press secretary Jay Carney told reporters Tuesday.

On Thursday, when a reporter asked Carney if he felt the president “has gotten the respect from Congress that the office of the presidency deserves” he shot back, “The White House spends zero time worrying about that.”

Maybe they should. Dickinson College political science professor Andrew Rudalevige, who studies the modern presidency, says Carney’s attitude reflects Obama’s antipathy to the imperial vision of the executive branch embraced by President George W. Bush and Vice President Dick Cheney.

“Bush and Cheney did everything they could to see that the prestige and power of the office was never diminished — even though it was, through their actions…says Rudalevige. “Obama hasn’t objected to exercise power — look at Libya — but it’s not a priority with him.”

Polls paint an increasingly dark picture of how voters view the impact of what Obama has done.

Almost three in four Americans believe the country is headed in the wrong direction, according to the POLITICO/George Washington University Battleground Poll — a sharp spike in pessimism since May when 60 percent shared that view.

Since the start of the summer, Obama’s own approval rating, especially among independents and swing-state voters, has plateaued at the lowest level of his presidency, dipping to all-time lows in the Gallup daily tracking survey and other polls, from a once-rock steady low-to-mid 40s to the high 30s now.

An overwhelming majority of Americans, 74 percent, still like the president personally, according to the POLITICO/GW survey. But voters are far less confident than early months of his administration that Obama possesses the “right set of characteristics” or policy goals to be president, according to the NBC News/ Wall Street Journal Survey. More than 60 percent of those surveyed say they disapprove of the way the president is handling the economy, according to a third poll – this one by the Washington Post and ABC News – that came out Tuesday.

The graphs that plot Obama’s political fortunes mirror, nearly percentage by percentage, the country’s declining economic confidence. August’s flat employment growth was the latest indication of how the economic recovery has stalled and the Office of Management and Budget’s predicted last week that the unemployment rate will likely remain at 9 percent through next November.

“The data behind it is overwhelming,” said Whit Ayres, a Republican pollster who is working for former Utah Gov. Jon Huntsman’s presidential campaign. “It is clear that Americans are settling into the view that President Obama has not been the strong leader and the unifying leader that they hoped for and that his performance, particularly on the economy, is severely lacking.”

Obama has also made history, but not in a good way: He has presided over the first-ever downgrade of the country’s credit rating by Standard & Poor’s, and he was the first president to see his request for a joint session of Congress rebuffed.

Then there was his performance during the recent battle over the deficit. House Speaker John Boehner pulled out of negotiations for one terrifying week, preferring to transact business with Senate Democrats and, ultimately, Vice President Joe Biden. At one point, the speaker wouldn’t even return Obama’s call.

One thing the president isn’t reluctant to do: Give a big speech, even if critics warn that the pulpit isn’t quite so bully as it once was.

“Obama is still suffering from the Speech Illusion,” New York Times columnist Maureen Dowd wrote last weekend. “The idea that he can come down from the mountain, read from a Teleprompter, cast a magic spell with his words and climb back up the mountain, while we scurry around and do what he proclaimed.”

And there is some evidence the speeches aren’t quite having the impact they used to.

Obama’s May 1st announcement of Bin Laden’s death was the most-watched TV event of his term, with 56.5 million staying up til midnight to hear the news. But other speeches haven’t been so well-received.

His two last nationwide addresses, discussing the draw down of troops in Afghanistan and the Libyan intervention ranked 13th and 14th among his prime-time addresses, attracted about 25 million viewers each, and some Democrats questioned the wisdom of staking his prestige on yet another big speech.

“The question isn’t what will the speech say. The question is what does he do after the speech is over,” asks a Democratic aide.

But Obama’s allies say he’s been through the fire before and will emerge stronger once the contrast between his jobs policies and those of the Republican field become clearer.

“They were using the ‘Incredible Shrinking President’ thing against Bill Clinton too, and what did he do? Win re-election by a landslide,” said Neera Tanden, chief operating officer with the liberal Center for American Progress.

Zachary Abrahamson contributed to this story.

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Oregon Senator Ron Wyden, Congressman Earl Blumenauer and President Barack Obama plan to destroy more American jobs by voting yes on the South Korea, Panama and Colombia free trade treaties.

Although the treaties will eliminate US jobs, they will enhance the bottom lines of many corporations, such as Nike.

When NAFTA went into effect, Mexico has a shoe and apparel industry. Now, for the most part, it doesn’t. In 1994, Mexican workers in manufacturing earned 1/6th of their American counterparts, but Nike’s Chinese workers earned only 1/10th of what Mexican workers did. NAFTA allowed Nike to export its goods from China and Vietnam into Mexico. That destroyed much of the Mexican shoe and apparel industry. Of course, Nike wasn’t the only American firm to do this. But my point is clear.

US firms will export goods into South Korea from China and Vietnam and destroy much of the manufacturing industry of that country. South Koreans earn on average about 65 percent of what Americans do. So there you have it. The South Korea free trade treaty will destroy jobs in the United States (see previous article) and create tons of them in China and Vietnam.

A massive redistribution of income from working people to the rich will occur. Thank you Earl Blumenauer, Ron Wyden and President Obama. They do for their corporate and wall street masters what a mistress does for her master. She bends over and gives it up. Like the President, the congressman and the senator.

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