Archive for April, 2013
Posted in Economics, income redistribution, the Rigged Game, Uncategorized, wealth redistribution, tagged bull shit, demand, derivatives, economic, Free trade, growth, income redistribution, Larry elliot, second quarter, Wall Street on Jam4000000amTue, 30 Apr 2013 09:36:47 +000013 10, 2010| 1 Comment »
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. (more…)
Torture is all about corporate profits for the 1 percent. It’s a big welfare program for the rich. Much of the US torture taking place around the world is under the direction of US corporations, which are called contractors, which is short for mercenaries. In fact, the torture corporations “that supplied the interrogators and interpreters” and who ordered the torture of prisoners, continue “to reap billions in federal contracts” and have seen “their stock prices rise.” In a nut shell, that’s what torture is all about. Profits before people, and Obama knows all of this.
The US Constitution expressly uses the word “persons.” It doesn’t use the word “citizen” in either its singular or plural meaning. Yet somehow the Koch Brothers wing of the US Supreme Court has ruled that if the US government says you’re a suspect in terror, then it can torture you, regardless if you’re a person. Why? Because it’s profitable and an income redistribution scam from the 99 to the 1 percent.
The only redress victims of US corporate torture have is in civil courts. “Recently, in a case called Al-Quraishi v. Nakhla, filed by the Center for Constitutional Rights (CCR), 71 survivors of US torture received a $5.28 million settlement – the first time a private military contractor has been held accountable in any fashion for its role in torture. Another CCR case, Al Shimari v. CACI, filed on behalf of four Abu Ghraib survivors of torture, is currently proceeding in federal court. With the discovery phase of the litigation completed, Al Shimari may mark the first time a case against a private military contractor for torture goes to trial.”
Check out the story in the link below.
Posted in corruption, Economics, Economics, recession, income redistribution, the Rigged Game, Uncategorized, tagged corporations, government, reason, rule, smaller on Jam4000000amSun, 28 Apr 2013 07:33:30 +000013 10, 2010| 2 Comments »
Why Wall Street, Rush Limbaugh, the Republican Party, Most Democrats and the Koch Brothers Want to Eliminate Organized Labor
Posted in corruption, Economics, recession, income redistribution, Politics, the Rigged Game, Uncategorized, tagged Democrats, Labor, Organized, Republicans, Rush Limbaugh, Wall Street, weekends on Jam4000000amSat, 27 Apr 2013 08:55:01 +000013 10, 2010| 1 Comment »
Posted in corruption, Economics, Economics, recession, income redistribution, Politics, the Rigged Game, tagged fooling people, mark twain on Jam4000000amSat, 27 Apr 2013 08:52:40 +000013 10, 2010| Leave a Comment »