Feeds:
Posts
Comments

Archive for February, 2014

The Communications Workers of America and the Teamsters union are both actively campaigning against TPP and Obama’s fast-track authority. Last week the unions released a statement condemning the president’s flip-flop by citing what Obama said when he was campaigning to be president.

In a April 2008 questionnaire provided by the Pennsylvania Fair Trade Coalition, Obama was asked if he supports extending presidential fast-track trade promotion authority, or whether he would support a “new process” that includes congressional approval, consent from the states and binding obligations that must be included in future free-trade agreements.

This is what Obama said at the time:

“I will not support extension of the existing fast track process that expired. I have not and would not support renewing trade promotion authority for this president [George W. Bush]. The current fast track process does not mandate that agreements include binding labor and environmental protections nor does it give an adequate role to Congress in the selection and design of agreements. I will work with congressional leaders to ensure that any new TPA authority fix these basic failings and open up the process to the American people for their participation and scrutiny.”

It should be pointed out that this was hardly the first time Obama lied to working people during his first campaign for the presidency, while engineering backroom deals with members of the 1 percent and Wall Street to screw working people. The Trans Pacific Partnership and Fast Track Authority are just the latest of his lies.

It should also be pointed out that every one of these so-called free trade treaties has resulted in a massive trade deficit, which is bad for the nation.

Read Full Post »

Wall Street Senator Ron Wyden and Wall Street President Barack Obama have also negotiated higher prices on such things as medicine for people throughout the world. In other words, this treaty is an income redistribution scam. The 99 percent will pay the higher prices and the 1 percent shall receive it.

The treaty is also being used to undermine financial regulations, making it virtually impossible for an incoming president, such as US Senator Elizabeth Warren–if she decides to run–to pass legislation that would actually regulate the financial markets for the good of the nation, rather than allow a tiny number of rich people to redistribute income from the 99 percent to themselves, as is currently the case.

Read Full Post »

Wall Street Senator Ron Wyden was elected to represent the people of Oregon, but he always represents Wall Street and the 1 percent on all matters pertaining to redistributing income from the 99 percent to the 1 percent and to Wall Street. He has a 100 percent voting record on these issues dating all the back to his days as a US congressman, supposedly from Oregon.

Take the case of the most massive income redistribution treaty of all time, the Trans Pacific Partnership (TPP). Wyden supports it, just like he supported NAFTA and all other income redistribution treaties falsely labeled free trade agreements. Wyden has for years told Oregonians in town hall meetings that Oregon is heavily reliant on trade, but he always lies.

According to the US Census Bureau, Oregon’s exports represent only 1.2 percent of the US total. This is down from 1.4 percent since Wyden voted for the South Korea, Panama and Colombia treaties. In other words, Oregon’s economy is not nearly as dependent on trade as the senator wants us to believe. And since he’s voted for the most recent treaties, Oregon has lost a net number of jobs because of them, just like it lost a net number of jobs to NAFTA.

Furthermore, Oregon imports 7/10 of one percent of all the goods and services that are imported into the US. So Oregon is not as heavily reliant on imports as the senator would have us believe, and by a wide margin. Five states import and export more than fifty percent of all goods and services; Texas, California, Florida, New York, and Ohio. Oregon is on the opposite end of this spectrum.

So if the statistics show the senator is lying to Oregonians on this issue, then why does he lie? Perhaps it is because he serves the 1 percent. He supports so-called free trade agreements because they redistribute income and wealth from the 99 to the 1 percent, and Wyden has a 100 percent voting record on this issue.

When a job is shipped overseas because the senator voted to make it happen, the difference between the old higher wages in the US and the new lower wages overseas goes into the pockets of the 1 percent via higher corporate profits, surging dividends, and rising share prices. The same is true of jobs that are created overseas, because this could not have occurred in the absence of these corporate trade treaties. Their primary purpose is to redistribute income. Wyden knows this. He is not the dumb dumb little boy he pretends to be at town hall meetings.

The result of Wyden’s policies for the people of Oregon is that the income of the people of Oregon has risen in real terms 13.5 percent from 1977 to 2007. The 1 percent have received over 80 percent of this income growth. That means the income of the 1 percent grew 127 percent over the same decades, while those in the bottom 99 percent received a two percent increase in wages over the same period. The difference is because Wyden supports redistributing income via trade treaties, privatization scams, tax cuts for the rich, and lots more. In other words, Wyden’s polices are enormously successful in redistributing income.

This income maldistribution is bad for Oregon. That means only one thing. Wall Street Senator Ron Wyden has been bad for Oregon.

Income Distribution for the USA and the States of the USA–Economic Policy Institute

Read Full Post »

Click on the link below for the complete story.

http://www.perthnow.com.au/news/western-australia/steve-marsh-genetically-modified-canola-court-case-transcripts-to-be-made-available-online/story-fnhocxo3-1226830837406

Read Full Post »

Read Full Post »

“The Walton family is the richest family in America,” US Senator Bernie Sanders asks, “is also the largest recipient of public welfare in America. Should the taxpayers in this country continue to pay welfare to the Walton family?”

One of the panelists is Aparna Mathur of the American Enterprise. She argues that it is the workers of Walmart that receive the public welfare. However, she is plainly stupid, because when the workers receive the public benefits, this allows Walmart management to earn higher profits, rising dividends and increasing share prices. This enriches the Walmart family via public benefits. This is clearly part of the Walmart business plan, and it plainly redistributes income from the workers and the public to the Walmart parasites, who own more wealth than the bottom

Read Full Post »

Read Full Post »

Older Posts »