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Archive for March 18th, 2014

Trickle down economics was enacted with the intention to redistribute income from the 99 to the 1 percent. Once the rich received their tax cuts, they used that money to push so-called free trade treaties to ship jobs overseas, and redistribute the difference between the old higher wages in the United States and the new lower wages overseas into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices. Ergo, trickle down destroyed American jobs, more than 30 million of them from 1992 to the present, alone.

The figures above go only to 2010. Job losses via free trade increased in 2011-2013, and in the millions. Ergo, free trade scams and China’s most favored nation status have shipped over 30 million jobs overseas since 1992.

Now President Obama and Wall Street Senator Ron Wyden want to redistribute more and more jobs and ensure that Wall Street financial transactions are not regulated via the Trans Pacific Partnership, the biggest corporate giveaway in history, according to US House member Keith Ellison, who opposes it. The treaty will also jack up prices the 99 percent pay on many commodities, such as pharmaceutical drugs, and the difference between the old lower prices and the new higher prices will be redistributed to the 1 percent via higher corporate prices, rising share prices, and surging dividends. I thought free markets and free trade treaties were supposed to bring about lower prices. What’s going on here?

Anybody with half a brain can see there’s a problem here. So why doesn’t Wyden? Is he corrupt or just a “useful idiot” of Wall Street? I’ll give you a hint. The answer is obvious.

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