Why are there people who defend the profits of the corporate military establishment

Why oh why is there some idiot who is terrified of being invaded if we cut the military budget in half?

Answer: Cause they’re scared the nations with the next six biggest military budgets will invade the USA and we won’t be able to defeat them with a military that’s already as big as the next thirteen combined. What idiots!

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The Public Be Damned! Where the public stands of corporate tax reform and what Obama, the Democrats and the Republicans intend to do about it.

As the chart below shows, the vast majority of American citizens want US corporations to pay more in taxes. They can since they’re getting record profits year after year. But is that ever going to happen outside of a major political revolution? Not likely.

Wall Street owns 80 percent of the Democratic Party, include the head honcho, President Barack Obama. Wall Street also owns the entire Republican Party, so it isn’t going to happen there.

A real increase in the amount of taxes corporations pay will reduce corporate earnings. This will lower share prices and maybe even negatively impact corporate bond prices. None of this is good for Wall Street and the 1 percent since share prices must go up and up. Otherwise, the entire Ponzi scheme known as Wall Street will collapse, as it did during the Great Depression.

The Public Be Damned! Where the public stands of corporate tax reform and what Obama, the Democrats and the Republicans intend to do about it.

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Why We Go to War

Why We Go to War

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How Costco’s High Wage Strategy Beats Walmart

Walmart’s “Sam’s Club” is similar to Costco in terms of how and what they sell. The stark differences between the two business models are below. Sam’s Club follows the Wall Street business model of redistributing income from the 99 to the 1 percent, and Costco management has rejected that Wall Street business model.

How Costco’s High Wage Strategy Beats Walmart

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Who Reaps A Profit By Sinking Their Own Ships?

Who Reaps A Profit By Sinking Their Own Ships?

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Where Have All the Good Jobs Gone?

John Schmitt and Janelle Jones of the Center for Economic and Policy Research reached a conclusion from their research. Their conclusions are incorrect, but the information is still impressive. A synopsis is below.

“The U.S. workforce is substantially older and better-educated than it was at the end of the 1970s. The typical worker in 2010 was seven years older than in 1979. In 2010, over one-third of US workers had a four-year college degree or more, up from just one-fifth in 1979. Given that older and better-educated workers generally receive higher pay and better benefits, we would have expected the share of “good jobs” in the economy to have increased in line with improvements in the quality of workforce. Instead, the share of “good jobs” in the U.S. economy has actually fallen. The estimates in this paper, which control for increases in age and education of the population, suggest that relative to 1979 the economy has lost about one-third (28 to 38 percent) of its capacity to generate good jobs. The data show only minor differences between 2007, before the Great Recession began, and 2010, the low point for the labor market. The deterioration in the economy’s ability to generate good jobs reflects long-run changes in the U.S. economy, not short-run factors related to the recession or recent economic policy.”

The reason why so many good jobs are gone is simple; they’ve been redistributed to the rich. Enact a free trade treaty, ship jobs overseas. The difference between the old higher wages in the US and the new lower wages is pocketed by the affluent via higher corporate profits, rising dividends and surging share prices. This income redistribution scam is achieved by manipulating the political markets, i.e. purchasing the rules of the game. That’s precisely how the 1 percent have stolen nearly 30 of the total national income compared to about 8 percent back in 1980.

When the jobs are shipped away and the income from them is redistributed to the 1 percent, opportunities are lost for the rest of us, and more so than just the loss of the jobs. When those jobs are exported via bribed-enforced legislation, we lose our tax base and government jobs go away, like police, firefighters and teachers. There are less opportunities for accountants, mechanics and attorneys in government.

And illegal free trade treaties are just one way the one percent manipulate the legislative process to achieve income redistribution from the 99 percent. There’s a ton of other ways. Deregulation, for example, allows corporations to jack up the prices they charge at will. The difference between what prices would be under real competitive conditions and the manipulated prices go into the pockets of the rich via the same route as free income redistribution treaties.

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Where Have All The Good Jobs Gone? Center for Economic and Policy Research

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Banks Earned Billions of Dollars From Taxpayer Bailouts

The Federal Reserve kept Congress in the dark about billions in profits generated by big Wall Street firms that used taxpayer dollars to take advantage of below-market interest rates, Bloomberg Markets reported this week.

Firms took advantage of the below-market interest rates offered by the Fed amid President George W. Bush’s bailout program, secretly leveraging $13 billion off taxpayer money, they found.

Click here for the rest of the story

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Banks Stealing Tons More Profit Under Wall Street’s Obama Than Under Their Bitchboy Bush, And They Stole Tons Under Bush

By John Hively

There are tons of reasons why the Occupy Movement has taken to the streets. One of them is that they’re tired of getting sucked dry by the banks.

Wall Street banks survived the recessions and prospered while the middle class fell apart because of a taxpayer bailout. New data from the financial industry shows just how profitable those banks have become since the financial crisis and the banks that caused it scored a knockout over the American economy and the middle class three years ago.

Wall Street banks experienced unprecedented growth under their carefully groomed bitchboy, President Bush, until the crisis of 2008. However, since President Obama took office, the largest Wall Street banks have grown even larger, and profits at banks and trading firms have soared higher than they did under Bush. Zachary Goldfarb of the Washington Post reports:

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2 1/2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show. [...]

The largest banks, including Bank of America, Citigroup and Wells Fargo, earned $34 billion in profit in the first half of the year, nearly matching what they earned in the same period in 2007 and more than in the same period of any other year.

Securities firms — the trading arms of big banks and hundreds of other independent firms — have fared even better. They’ve generated at least $83 billion in profit during the past 2 1/2 years, compared with $77 billion during the entire Bush administration, according to data from the Securities Industry and Financial Markets Association.

Wall Street’s quick recovery has happened because they’re robbing the American people blind, and they’re aided by politicians like Obama, one of their legislative prostitutes. Banks are profiting from public goods such as unemployment benefits and food stamps. They’re issuing those benefits to unemployed, impoverished Americans on debit cards that carry heavy fees. Cash-strapped state governments have shifted pension plans to Wall Street managed private accounts, further boosting the banks’ bottom lines.

Despite this evidence that banks are prospering under Obama, Republicans and Wall Street traders and lobbyists are attempting to make Wall Street’s windfalls even larger. It’s certain that Obama will bend over and help these crooks, too. That’s what they pay him to do. They’ve given Obama more money this election cycle than all the Republican presidential candidates combined to make Obama their bend-over bitchboy. Industry analysts told the Post that the Dodd-Frank financial reform law will stabilize the future of the financial industry even as it has “crimped bank profits.” What a lie. That hasn’t stopped lobbyists from spending millions of dollars to make its rules and regulations more Wall Street friendly, and it hasn’t stopped Republican presidential candidates from lining up to support the law’s wholesale repeal, even if they have no idea what the law actually does.

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