The Effects of the Obama Corporate Welfare Farm Bill, Food Stamps and Child Poverty

Of course, this farm bill is just another prime example of a scam to redistribute income from the 99 to the 1 percent, from the poverty striken, and in particular, from poverty striken children to the rich.

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wall street fraudsters ripped you off again and Guess what Obama’s Justice department is going to do about it for you

How would you feel if a bunch thugs stole your money in broad daylight, were caught red-handed, and they were immune from the law, could not be convicted, and they got to keep your money?

Guess who recently did that to you? The banksters! People are calling it the LIBOR scandal. Sixteen banks, like Citibank and Bank of America, decided not to compete with each other, which is normal business for them. But this time they got caught setting their interest rates at higher levels than if they’d been competing, which coincidentally, is illegal.

This was a massive income redistribution scam from the 99 to the 1 percent. We’re talking about hundreds of billions of dollars that was stolen by collusion from the 99 percent. Did you know that the 1 percent have gained $5.6 Trillion in this supposed economic recovery, while the rest of us have lost $669 billion?
That’s because most of their gains have been stolen from us.

The US Justice Department has decided the banks are too big to go after, even though they were caught months ago. This really means the banks have been handing out a ton of money to politicians to not go after them; they’ve been handing out the money they stole from us so that the political hacks such as Barack Obama and Eric Holder stand up for the right of the banks (which are tools of the 1 percent) to rip off every one else.

It’s time to end the madness of corruption. Let’s begin to form a broad alliance that can take back our government from thieves and liars, like Wall Street’s Senator Ron Wyden and his buddy, Wall Street Congressman Paul Ryan.

That’s what the Democratic and Republican parties stand for. Click on the link below for the full story.

your-retirement-bottle-champagne-how-wall-street-fraudsters-ripped-you-again

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The lies about why the Pathetic US Economy Grows At Slower Pace Than Expected in Second Quarter

The Guardian of the UK, normally a straight forward and honest broker of news and commentary, has bought into the lying bull shit of the US corporate press. Some Guardian idiot named Larry Elliot wrote,

“America’s growth figures have come as a nasty shock to Wall Street. For nine months the stock market had been rising on hopes that the world’s biggest economy was on the mend. But the latest data suggests the US recovery is still very much work in progress.”

No, no, no, the stock market was rising because corporate profits are at record levels! Apparently, Elliot doesn’t seem to understand the connection (simple cause and effect) between stock prices and corporate earnings. He’s too dense to understand that the only way those earnings can grow in the face of worldwide declining demand is by redistributing income from the 99 to the 1 percent. Shipping jobs overseas is the easy way to push stock prices up because the difference between the old wages here and the new lower wages overseas increases corporate profits year after year. Studies by the Federal Reserve show that between 1.2 to 2.4 million jobs are shipped from the US to elsewhere every year.

It’s easy to predict slower growth in the US because the demand for goods and services has been redistributed into the fat wallets of the super wealthy. They’ve used their control of the US government to pass legislation that does this. They now take home over 31 percent of total income produced in the US, compared to about 8 percent thirty-three years ago. That leaves the rest of us with little or no money to buy goods and services to the point where economic growth can be vibrant, like it used to be. Meanwhile, the rich invest in things like politicians and derivatives, which does nothing to create demand, but does everything to destroy it. The redistribution process is growing. That means the economy will continuously weaken, although it is possible there might be occasional and abnormal historically weak growth spurts.

At least Elliot did get something right, although not completely:

“The even worse news is that the US economy may slow down in the second quarter. Not only will activity be impeded – perhaps severely – by cuts in federal programs, but consumers are unlikely to continue running down their savings to finance their spending in the way they did in the first three months of the year.”

What he doesn’t say is that consumers are unlikely to continue running down their savings” or use their credit cards when their income is continuously being redistributed to the 1 percent by their government.

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What does a Person do for a living to make them worth more than 375,000 people?

What does a Person do for a living to make them worth more than 375,000 people? Like parasites, they suck millions of people financially dry by buying legislation and politicians.

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Federal Reserve Chairman Ben Bernanke lies under oath again

Federal Reserve Chairman Ben Bernanke lies under oath again

And all of those billions of dollars of federal reserve subsidies, which is money that is simply printed on demand, are redistributed to the 1 percent via higher profits, dividends and share prices than would otherwise be the case, making it easier for them to buy and control politicians of the federal government, as well as state and local governments. They use that power via their subsidies to redistribute income and wealth from the 99 to the 1 percent via legislation such as free trade treaties and privatization scams.

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Congressman Paul Ryan and his Plans and Actions

The cartoon below pretty much sums up the career and desires of Wall Street Congressman Paul Ryan, the entire Republican Party and 80 percent of the Democratic Party, including Barack Obama.

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Why Chicago Doesn’t Have Enough Money For It’s Schools.

Why Chicago Doesn’t Have Enough Money For It’s Schools.

Good corporate drone Democrat that he is, Mayor Rahm Emmanel of Chicago decided to redistribute income from the citizens of Chicago to the rich folks of the Chicago Mercantile Exchange. That’s what really occurred. He stole money from working people and the children of Chicago and gave it to his rich buddies.

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Video: Everyone-but-China Trans Pacific Trade Deal Threatens Sovereignty and Public Ownership

The Trans-Pacific Partnership, a new trade agreement that President Obama and his administration is leading the charge on is a lot of Asian countries except China. Vietnam is the low wage nation in the agreement, and so it is the pivotal nation, one in which 40 percent of Nike’s production occurs. That share is growing greater. Critics say, is going to increase corporate rights and decrease sovereign rights. Internet freedom is also at risk, so long as it doesn’t impact the share prices of companies such as Google. However, to minimize the ability of people to get honest news and views, non-corporate honesty in other words, the Obama administration most likely will attack Internet freedom. TPP is about redistributing income and political power from the 99 to the 1 percent.

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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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Does Obama’a Secret Negotiations Aim to Destroy the Constitution and Redistribute Income and Wealth From the 99 to the 1 Percent

Obama’s plan

Labor, trade, health and environmental Advocates are urging open negotiations, protections for American workers as the Trans Pacific Partnership Trade Deal is being negotiated. The Guardian newspaper calls the trade pact the largest in history, “Nafta on Steroids” and “an end run around the US Constitution.”

On the eve of his fifth State of The Union Address, President Barack Obama was urged by the Communications Workers of America (CWA) and a broad coalition of progressive organizations to ensure that strong, enforceable labor, health and environmental protections are included as part of the largest “free” trade agreement ever negotiated by the U.S. The president most likely doesn’t care about these issues since the current negotiations will likely send 200,000 low paying textile jobs in El Salvador to lower paying Vietnam. This will cause tens of thousands of US textile workers to lose their jobs since many US textile workers manufacture thread, fabric and yarn and export them to El Salvador. About 2 percent of all US manufacturing exports are textiles. Vietnamese textile firms, on the other hand, get their thread, fabric and yarn from Chinese businesses. So Chinese workers will likely get American jobs, while Vietnamese workers get the jobs of 200,000 people in El Salvador. Good job President Obama! The difference between the old wages in El Salvador and the new lower wages in Vietnam will go into the pockets of rich shareholders. The same holds true of the US jobs that will be lost to China. In other words, the TPP is another income redistribution scam, just like all the rest.

The Trans-Pacific Partnership currently is being negotiated in secret among the United States, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Roughly 600 corporate lobbyists have access to the negotiations and nobody else does, not even Wall Street Senator Ron Wyden, Chairman of the Subcommittee on Trade, and one of Wall Street’s fiercest warriors in their financial plundering and rape of the middle class.

“Unless President Obama insists on strict standards of openness and iron-clad protections for American workers, the TPP will likely become the biggest and most destructive free trade agreement we’ve ever seen,” said CWA Chief of Staff Ron Collins. “This agreement will provide even more incentives for corporations to off-shore U.S. manufacturing and service jobs to countries like Vietnam which pay extremely low wages and suppress workers’ rights. Also, it could lead to lower wages and benefits in the U.S. as the remaining U.S. employers are forced to compete with these low wage countries. These same incentives will further erode labor rights, health and environmental protections among all participants. It would be part of a global race to the bottom that only benefits multi-national corporations.”

Collins noted that CWA and the other organizations support fair trade, but not the giveaway of jobs that has been the outcome of previous agreements, particularly the North American Free Trade Agreement (NAFTA), and the entry of China into the World Trade Organization. The current TPP process has given corporate lobbyists access to all negotiating documents, while the public is shut out of any discussion.

“We will only support trade agreements that secure fundamental labor rights for workers and fundamental protections for our health and environment in America and abroad,” Collins said.

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