The near miss of Bernie Sanders in the Democratic primary this year against the Wall Street Establishment candidate, Hillary Rodham Clinton, should’ve sent a clear message to the Democratic Party Establishment, but it didn’t.
It’s business as usual in the white house, and business as usual within the US House and Senate. President Obama and Wall Street’s favorite senator, Wall Street Senator Ron Wyden (sometimes known as US Nike Senator Ron Wyden), are plotting to fool the grassroots of the Democratic Party by waiting until the election is over before throwing all of their energies into passing the Trans-Pacific Partnership (TPP) through congress. Obama has already signed it.
The TPP is a massive income and political power redistribution scam promoted by Obama, Wyden, a few other Democrats, and most of the Republican Party, and, of course, Wall Street investment firms, hedge funds and major corporations. The TPP will redistribute trillions of dollars and large chunks of political power from the 99 to the 1 percent. The TPP will also steal many of your voting rights.
In a recent Harvard/Politico poll 54 percent of Democrats, compared to 85 of Republicans, believe trade scams such as the TPP have cost the USA more jobs than they create. A quick look at the US trade deficit bears this out. Millions of jobs are being exported from the USA every year, which is why Obama, Wyden, Wall Street and the Republican Party want to pass this scam.
When US jobs are exported to low wage nations, the difference between the old higher US wages and the new lower third world nations goes straight into the already fat wallets of the superwealthy via higher corporate profits, rising share prices, and surging dividends. Wyden and Obama know this. They’re not the dummies they’re pretending to be on this issue. That’s why we have record share prices along with an historically weak economic expansion.
Had 85 percent of Democrats believed trade scams like the TPP cost more jobs than they create, Bernie Sanders would likely be the Democratic Party nominee rather than the Wall Street jobs-exporter Hillary Clinton. Likewise, if 54 percent of Republicans believed trade scams exported more US jobs than they created here, Donald Trump would likely not be the Republican Party nominee.
The day of reckoning within the ranks of the Democratic Party is coming sooner than later. The next recession is already on its way in, and the tepid economic expansion of 2009-17 is nearly over. If I am correct, and this recession will be the worst since the Great Depression, the result of the destructive economic policy of redistributing income and wealth from the 99 to the 1 percent by the Wall Street supported Democratic Establishment and the Republican Party is almost at an end. The coming of this recession may bring about the end of Wall Street’s control of the Democratic Party. For more on this coming recession, click The New Recession is Knocking at the Door–JohnHively.Wordpress.com