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It’s not quite what you imagine it to be. President Trump is right to shout to the Twitterverse about how its trade deficit with China is costing the United States trillions of dollars and millions of jobs every year.

According to a recent study by the progressive Economic Policy Institute (EPI), which is hated by the conservatives and corporate Democrats alike, “…the growing trade deficit with China…has cost the U.S. millions of jobs throughout the economy since China entered the World Trade Organization (WTO) in 2001, a finding validated by numerous studies.”

Of course, EPI did not report a few things that are important to their study, and for our interests. So, as you read through a few of the EPI highlights below, I will make comments here and there in bolded letters. However, let me state there are a few things in this report that are not mentioned, and the corporate news media do not want you to know.

  • The U.S. trade deficit with China does not really exist in the sense that it is a trade deficit between China and the United States. In reality, the trade deficit is really between US corporations that manufacture their goods and services in the U.S.A. and U.S. corporations that have exported U.S. jobs to China and then exported their-made-in-China goods and services to the USA.
  • Another thing not mentioned is that a variety of studies show the export of every 100 manufacturing jobs from the United States results in the loss of an additional 300 to 1700 U.S. jobs.
  • The difference between the old higher wage exported U.S. jobs and the new lower wage Chinese jobs goes straight into the pockets of the billionaires who control both major political parties via higher corporate earnings, rising share prices, and surging dividends. Thus, much of the income and wealth inequality of recent history is the deliberately negotiated end result desired by corporate-backed U.S. politicians and U.S. negotiators.
  • Currently, three people (Jeff Bezos, Warren Buffett, and Bill Gates) own more wealth than the bottom fifty percent of US citizens. Much of this is caused by the so-called trade deficit with China.
  • Trade treaties are negotiated so that US corporations can export jobs, as well as create them over there rather than over here, and this also helps to manufacture U.S. income and wealth inequality.
  • Pretty much 100 U.S. billionaires control both major U.S. political parties and quite naturally they have rigged the economy using the corrupted U.S. government, and especially a remarkably corrupt corporate wing of the United States Supreme Court, which includes two well-known perjurers in Brent Kavanaugh and Chief Justice John Roberts.
  • In other words, the income and wealth inequality we experience has been caused by the corruption of all three branches of the federal government, which could not have occurred without the complete corruption of the corporate news media.
  • Currently, the 1 percent steal somewhere between 22 to 38 percent of all the income produced in the United States, up from roughly 8 percent in 1980.

Here are a few of the highlights of the recent EPI report:

1. U.S. jobs lost are spread throughout the country but are concentrated in manufacturing, including in industries in which the United States has traditionally held a competitive advantage. Think Nike, Microsoft and Apple.

2. The growth of the U.S. trade deficit with China between 2001 and 2017 was responsible for the loss of 3.4 million U.S. jobs, including 1.3 million jobs lost since 2008 (the first full year of the Great Recession, which technically began at the end of 2007). Nearly three-fourths (74.4 percent) of the jobs lost between 2001 and 2017 were in manufacturing (2.5 million manufacturing jobs lost).

3. The growing trade deficit with China has cost jobs in all 50 states and in every congressional district in the United States.

4. The trade deficit in the computer and electronic parts industry grew the most: 1,209,000 jobs were lost in that industry, accounting for 36.0 percent of the 2001–2017 total jobs lost. (Think Dell Computers, Apple, Microsoft and a lot more.)

5. Surging imports of steel, aluminum, and other capital-intensive products threaten hundreds of thousands of U.S. jobs in key industries such as primary metals, machinery, and fabricated metal products as well.

6. Global trade in advanced technology products—often discussed as a source of comparative advantage for the United States—is instead dominated by China. This broad category of high-end technology products includes the more advanced elements of the computer and electronic parts industry as well as other sectors such as biotechnology, life sciences, aerospace, and nuclear technology. (This is because Dell, Apple and Microsoft, among many other US high-tech corporations, have exported millions of US jobs to China, or created them there rather than here, and then exported their Chinese made products to the USA.)

7. In 2017, the United States had a $135.4 billion trade deficit in advanced technology products with China, and this deficit was responsible for 36.1 percent of the total U.S.–China goods trade deficit that year. In contrast, the United States had a $24.5 billion trade surplus in advanced technology products with the rest of the world in 2017. (See number six in bolded letters above.)

8. Growing trade deficits are also associated with wage losses (in the USA) not just for manufacturing workers but for all workers economywide who don’t have a college degree.

9. Between 2001 and 2011 alone, growing trade deficits with China reduced the incomes of directly impacted workers by $37 billion per year, and in 2011 alone, growing competition with imports from China and other low wage-countries reduced the wages of all U.S. non–college graduates by a total of $180 billion. Most of that income was redistributed to corporations in the form of higher profits and to workers with college degrees at the very top of the income distribution through higher wages.

The China toll deepens–Economic Policy Institute

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When you vote November 6th for the Republican or Democratic Party candidates for the US House of Representatives and the US Senate, with few exceptions, you will be voting to increase income and wealth inequality in the United States and the world.

Below are some of the recent statistics on income and wealth inequality from Inequality.com. Wealth are the things that you own, such as homes, cars, stocks, bonds, businesses, etc…. Income is money you have coming in, such as unearned income like dividends and capital gains; while earned income is derived by actually doing something productive, like working at a job or starting and operating a business. Entrepreneurial folks are different from corporate folks inasmuch as the folks who manage corporations are often employees without clues as to how to make the businesses operate efficiently.

I should point out that control of the government via ownership of both major political parties has brought about an unceasing increase in wealth and income inequality in the USA and throughout the world. In other words, political corruption and corruption of the all major corporate news networks have been used to bring about unprecedented income and wealth inequality in the United States and the rest of the world.

Below are some of the most recent findings.

1. Three dynastic wealth families—the Waltons, the Kochs, and the Mars—have seen their wealth increase nearly 6,000 percent since 1982. Meanwhile, median household wealth over the same period went down by 3 percent. Notice they all inherited great wealth. Note that the rich have used their political power to redistribute income and wealth from the 99 percent to themselves.

2. These three wealth dynasties own a combined fortune of $348.7 billion. That’s more than four million times the median wealth of U.S. families. The dynastic wealth of the Walton family grew from $690 million in 1982 (or $1.81 billion in 2018 dollars) to $169.7 billion in 2018, a mind-numbing increase of 9,257 percent.

3. Three individuals—Jeff Bezos, Bill Gates, and Warren Buffett—still own more wealth than the bottom half of the country combined.

4. A third of the members of the Forbes 400 own fortunes derived from companies that were founded by earlier generations.

5. The 15 wealthiest multi-generational dynastic families on the Forbes 400 own a combined $618 billion. Their parents or other ancestors founded all of the companies from which their wealth is derived.

6. The Forbes 400 combined own $2.89 trillion dollars, more than the combined wealth of the bottom 64 percent of the United States. It’s also more than the GDP of Britain, the 5th-largest economy in the world. Just 45 individuals own half of this wealth.

7. The median family in the United States owns just over $80,000 in household wealth. The richest person in the United States (and the world), Jeff Bezos, has accumulated a fortune nearly 2 million times that amount.

8. The Bezos fortune expanded by $78.5 billion just in the last year to $160 billion. Even at the recently increased wage of $15/hour, a full-time Amazon worker would need to toil for 2.5 million years to generate this much money.

And so it goes. The entire Republican Party leadership has been bought by the billionaires as well as the entire Democratic Party leadership. In other words, the battle between the Democrats and the Republicans is a battle between billionaires. A few relatively honest major politicians remain in the Democratic Party, but they are not in leadership positions. Think Elizabeth Warren, Bernie Sanders, Jeff Merkley, and a few others.

Think Elizabeth Warren for president in 2020.

The United States Senate Majority leader is a moron and or a liar; his name is Mitch McConnell. Want to know how far we have come from being a nation with many relatively honest politicians to the flaming liars of today? Check out the video below. McConnell rightfully claims the United States yearly debt is rising. This was caused by the Trump/McConnell tax cuts of last year, which mainly went to the rich and their corporations, and starved the US government of funds.

McConnell, however, blames Social Security, Medicare and Medicaid. In the video below, the late President Ronald Reagan calls it as it is with regard to Social Security. It is not part of the federal budget and does not contribute to the federal deficit.

Think about how far the Republican leadership has come down to where the Senate majority leader feels he needs to lie to the press and people. The Democratic Party leadership is just as guilty. It is all a big game of lies played by the two major political parties and much of the corporate news media.

I should like to point out that President Reagan was not noted as a truth teller, but compared to the corruption we have today in both major political parties, sometimes the former president can be a breath of fresh air.

It looks as though progressive, anti-Wall Street, pro main street, US Senator Elizabeth Warren of Massachusetts is getting ready to make a run to become the next United States president. She has always been the champion of the 99 percent and the scourge of Wall Street criminals.

Warren recently took a DNA test showing she has a small percentage of native American running in her bloodstream. For years President Trump mocked Warren’s claim “that family lore says I have Cherokee blood in me.” Trump, true to his immaturity, has always ridiculed her by calling her Pocahontas. This suggests the president and his billionaire backers are terrified of her, and the polls show why he should be scared of her.

During the presidential primaries in 2016, Trump was the only man standing in the Republican field, while Bernie Sanders was still running hard against eventual nominee and Wall Street favorite Hilliary Rodham Clinton. Polls showed Clinton consistently beating Trump by 5 to 10 points at the time, Meanwhile, polls showed progressive candidate Sanders wiping out Trump by 10 to 20 points.

This suggests a significant number of Republican voters would have preferred Sanders over Trump.

In the actual election, Clinton beat Trump by four million votes but lost the electoral college and the presidency. Warren would likely defeat Trump by a greater amount than Wall Street Hillary.

Trump’s popularity is running at 41 percent. Warren, assuming she develops name recognition and a funding machine as Sanders did, would likely wipe Trump out.

However, getting out of the primaries will be tough for Warren. For starters, the Wall Street billionaires who control the Democratic Party, and in particular its leadership; the Democratic National Committee (DNC), would do just about anything to stop a progressive candidate such as Warren, Bernie Sanders or Oregon’s US Senator Jeff Merkley from ever winning the Democratic primary. Wall Street billionaires are terrified of Warren because she actually wants to put an end to business as usual, which is largely based on corruption.

Should Warren win the Democratic presidential primary in 2020, her most bitter foes will be Trump, the Republican Party, the DNC, the Koch brothers, and almost every living billionaire, and perhaps every living billionaire.

Not since President Franklin Delano Roosevelt will the forces of corruption be so united against one candidate. Want proof? The reliably DNC ally Huffington Post has run stories two days in a row denigrating Warren releasing her DNA test results. The last thing the billionaires want is a high visibility presidential candidate talking about bread and butter issues such as forty years of stagnant wages, massive income and wealth inequality, as well as political corruption, Supreme court corruption, and Wall Street corruption.

The attacks on Warren will come from all sides. The big boys are utterly terrified of her. This is precisely why both the Huffington Post, the New York Times and CNN, bastions of the DNC and its billionaire backers, have viciously attacked Warren for her DNA test. Let the battle begin.

Now that Right Wing Political Hack and Noted Perjurer Brett Kavanaugh is a US Supreme Court Justice, politicians, such as Republican US Senator from Alaska Lisa Murkowski, worry that the Supreme Court will lack credibility for impartiality when making decisions on cases. She need not worry.

The corporate wing of the US Supreme Court has been extremely partial toward Republican billionaires whenever their interests happen to be the case in front of them, so much so that one might rightly suspect the five judges are on the payroll of the billionaires or expect to receive some payback once they leave the court.

Perjurer Brett Kavanaugh now joins Perjurer Chief Justice John Roberts in ensuring the rollback of labor rights, voting rights, civil rights, environmental regulations, health and safety regulations, consumer protections against Wall Street investment banks and other large corporations, and anything else that might impede the growth of billionaire profits.

These corporate plutocrats (John Roberts, Samuel Alito, Neil Gorsuch, Clarence Thomas, and now Brett Kavanaugh) have raped and plundered the US Constitution with lies in order to ensure the billionaires who control the Republican Party are granted greater political and economic power at the expense of everybody else.

No better example exists than Chief Perjurer John Roberts. When referring to Roe vs. Wade during his Supreme Court confirmation hearings Roberts said, “There is nothing in my personal view…that would prevent me from applying precedents under stare decisis,” which is the legal principle of determining points in litigation according to precedent. Roberts also said, “I do think that it is a jolt to the legal system when you overrule a precedent. Precedent plays an important role in promoting stability and evenhandedness.” Roberts also testified he would act as an “honest umpire” when making decisions. It turns out all of these were lies. The so-called honest umpire threw evenhandedness and legal precedents out the window years ago.

In Citizens United vs the FCC, Roberts and the rest of the corporate wing of the court wiped out 100 years of legal precedent that allowed regulation of campaign finances. Conservative backers of Citizens United lost in lower courts repeatedly but always appealed, knowing that the conservative wing of the US Supreme Court would side with them. The same process occurred with Janus vs AFSCMC. Conservative supporters of Janus lost time and again in the lower courts, but knew, as did their liberal opponents, that once the case reached the Supreme Court it was a done deal. Forty years of legal precedents were eliminated by Robert’s utterly corrupt billionaire court.

Repeatedly, the Roberts corporate/billionaire court has rolled back voting rights, labor rights, campaign finance laws, all to the benefit of their billionaire backers and against the interests of the 99 percent, while eliminating legal precedents in the process.

Now we have Brett Kavanaugh on the court, a Republican political hack and even more notorious perjurer on the court than is Roberts.

How has the corporate wing of the court been able to do this? They have made up fables, things like corporations are people, international trade treaties are not international trade agreements, money is free speech, etc…. They have simply lied about all this stuff and used this make-believe to advance the Constitutional rights of the billionaires and their corporations while simultaneously pushing back the rights of the 99 percent, which would have stunned our founding fathers.

So do not believe it when you read about how Kavanaugh will change the court into a political hack organization. It has been for a long time already. It may be the most politicized branch of government, but one whose decisions are law, even if total corruption is behind these laws. We may need to begin ignoring Supreme Court rulings since corruption is the primary factor determining cases.

You will not be able to find a greater political hive of villainy and corruption than the corporate wing of the United States Supreme Court, which is nothing more than an arm of the billionaire controlled Republican Party.

Professor Christine Blassey Ford accused Brett Kavanaugh of having sexually assaulted her back in the day. She testified before the Senate Judiciary Committee. Kavanaugh testified before the same committee that Ford’s accusation was not true. This was a he said/she said moment.

However, when questioned about his alcohol consumption back during the time of the alleged crime, Kavanaugh, the treasurer of his high school Keg100 club, said he was always a light drinker. This brought about accusations from his friends from days of yore that he was lying. On top of that, it appears he lied about a few other things during his confirmation hearings.

It is a federal crime to lie to Congress. And, indeed, if he did lie, that makes him a perjurer.

Kavanaugh’s college roommate and friend says Kavanaugh was often drunk, violent and belligerent. This has been corroborated by several other classmates of Kavanaugh. It appears, once again, members of the Republican Party are about to vote to put a well-known perjurer on the United States Supreme. Chief Justice John Roberts is also a well-known perjurer and Republican Party hack.

Kavanaugh appears to have lied to the Senate Judiciary Committee, and they don’t give a damn. This suggests something quite ugly about the entire Republican Party, at least its members in the US Senate. Partisan politics and political power are more important than honesty in a Supreme Court Judge. Make no mistake about; Kavanaugh is a Republican Party hack.

Is there not a single Republican senator who will stand up to the billionaires who control their party? Chuck Grassley does not care about Kavanaugh’s lack of honesty. Orrin Hatch seems to enjoy it when Kavanaugh lies to him and his Senate colleagues.

Is there not a single Republican in the United States Senate in which honesty matters? Is it all about naked power, redistributing income and political power and wealth from the 99 to the 1 percent? Susan Collins? Lisa Murkowski? Will no Republican stand up for honesty? Jeff Flake, you are quitting the Senate. Can you not vote for honesty in judges by voting against Kavanaugh?

Anybody with half a brain knows the Republican’s can find an honest and qualified Supreme Court nominee who is anti-abortion (to satisfy the base) and who will argue with a straight face that corporations are people, money is free speech, labor unions are bad and illegal, corporations and the rich are good, working people are lazy, and trade treaties are not trade agreements.

Something really stinks about Perjurer Kavanaugh, otherwise, the Republicans would drop him as a candidate, or launch an FBI investigation into whether or not he lied to Congress. It’s pretty obvious he lied multiple times to Congress.

Links
Bernie Sanders Wants FBI to Determine If Kavanaugh Told the Truth–Huffington Post

Kavanaugh’s College Roommate Says Lied-San Diego Union Tribune

All the Lies Kavanaugh Told-Huffington Post

Nancy MacLean’s Democracy in Chains is a wonderfully researched and written book. It comes from a different point-of-view when it comes to Charles Koch and his war against US Democracy and the United States Constitution. MacLean views the Koch revolution. which is really a revolution of billionaires against the masses and against the US Constitution, through the eyes of Professor James Buchanan, a noted economist who developed an intellectual framework through which the Koch brothers operate.

Koch’s billions now control the Republican Party, most of the US Supreme Court, the US Senate, the US house of representatives, the Cato Institute, George Mason University, the Federalist Society, the Tea Party, as well as exercising massive influence on other universities, think tanks, FoxNews, the Wall Street Journal, judges, etc…. via his billions.

Both Buchanan and Koch see the mass of people as lesser creatures unworthy of making intelligent decisions about the role of government, their finances, how many toxins should be allowed in the air, ground and water, etc…. Therefore, only Koch and Buchanan know what is best, at least in their minds.

Both Buchanan and Koch push for economic freedom, which can be defined as anything any billionaire and or corporation wants to do in the name of profits. Democracy is an impediment to profits because those lesser creatures use democratic means, i.e. their right to vote, to curb the economic freedoms of corporations and their billionaire owners to give the masses such things as breast cancer; polluted rivers, air and groundwater; cause their babies to be born without brains and other deformities, rob them of their Constitutional rights, etc…

In other words, democracy stops the billionaires from doing everything they want to do in the name of economic freedom. Koch really wants the golden rule; he who has the gold makes the rules. Among other underhanded tactics, Koch engaged in a campaign of lies and fraud to convince citizens that big time voter fraud was occurring when it is not. Thus, Koch developed a rationale to push his Republican Party to curb voting rights, with such things as voter ID laws. Professor James Buchanan developed that idea in the name of economic freedom, and Charles Koch adopted it.

And so the Republican Party war against democracy continues as they push unnecessary voter I.D. laws, and pack US courts at all levels with judges who have benefited from Koch money in one way or another. Bret Kavanaugh is the latest example. John Roberts was an earlier example. Neil Gorsuch is a more recent example.

As NPR commented, “The Federalist Society is a hugely powerful, nationwide organization of conservative lawyers which will be instrumental in helping President Trump pick the next Supreme Court nominee.” Koch has poured millions into the Federalist Society. The result is Kavanaugh.

What does Kavanaugh support? He believes that corporations are people although nothing in the US Constitution nor in the writings of any of the founding fathers even remotely suggests that. Kavanaugh believes corporations spending money is free speech, and must be protected at all costs, even though nothing can be found suggesting this in the US Constitution or in any of the writings of the founding fathers.

In other words, Kavanaugh has been nominated by President Trump and Charles Koch to alter the meaning of the United States Constitution in a way completely abhorrent to the founding fathers. And yet, Kavanaugh claims he is an original intent jurist, which means he decides legal issues based on what the founding fathers thought, and nothing could be further from the truth. That, of course, is a lie.

Kavanaugh has been picked by Charles Koch and Donald Trump so he will alter the meaning of the US Constitution in favor of the billionaires and at the expense of the vast majority of US citizens. He intends to curtail the constitutional rights of the masses by extending greater rights to the corporations owned by billionaires.

This is precisely what Charles Koch wants. He wants government for the billionaires and against the common good.