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Archive for the ‘auto bailout’ Category

What more evidence do you need that the US government and our political representatives represent the coprorate elite? Seven US corporations earned a combined $74 billion in 2013, paid their CEOs an average of $17.4 million a year, and received 2.5 percent of their earnings back as tax rebates, or about $1.4 million.

Click on the link below to discover the seven corporations that receive tax rebates on taxes they never paid.

http://www.schwartzreport.net/these-seven-corporations-make-billions-in-profit-and-have-tax-rate-of-negative-2-5-percent/

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The Trans Pacific Partnership has been under negotiation since 2008. Encompassing 11 Pacific rim nations, this treaty is the most massive and most secretive income redistribution treaty of all time. Leaked documents prove that the Obama regime has negotiated to raise prices of goods and services, slash US and Latin American wages, export more US jobs, curtail civil liberties (yes that’s being negotiated (Wikileaks–The Trans Pacific Partnership), force millions more undocumented immigrants from Latin America to the United States, and all of this redistributes income from the 99 to the 1 percent and curbs what little democracy we have left. Any questions?

Do you get that? Republicans and Corporate Democrats such as the traitor Ron Wyden intend to pass this treaty via legislation called Fast Track, which will limit debate on the issue in congress to 24 hours. That will give you virtually no time to read the treaty, or for much public debate on it. And that is the purpose of Fast Track.

There have been world wide protests against this treaty and the US corporate press fulfills its duties  to the 1 percent by not, or in a few cases, barely, mentioning it. This is to keep us ignorant of the negotiations. Yes, that’s the duty of the corporate news media.

There is an international week of action to Stop Fast Track coming up. If we stop Fast Track or anything similar to it such as Wyden’s Smart Track (which is the same thing with a different name), national debate will ensue over the treaty before a congressional vote takes places, millions will take to the streets to stop this madness, and gunfire may erupt as people get tired of the games the Democrats and Republicans use to financially wipe out the middle class.

This week of action comes as Wall Street President Obama and other heads of state head to Asia this November in an attempt to push forward the Trans-Pacific Partnership (TPP).

This is happening just as the Lame Duck session of Congress gets underway, with various Congressional leaders already calling for Fast Track legislation to be considered then. It is a time of year when a lot of people take a break after the elections, and start getting ready for the holidays, such that political accountability is very low. We need your help remaining vigilant so that Fast Track does not sneak through then or in early 2015.

People will soon gather all around the nation and push their congressional representatives not to vote for the TPP or Fast Track. The TPP has brought sundry groups and people together such as members of the the NAACP, Professor Cornell West, Jobs with Justice, Labor Unions, members of the John Birch Society, segments of the Tea Party, and environmental groups, such as the Sierra Club.

In Oregon concerned citizens will gather in front of two of Oregon’s key targets in the fight to stop Fast Track for the TPP, with a focus on how trade policy attacks laws and regulations needed to combat climate change.

Meeting outside of Wall Street Rep. Blumenauer’s office 729 N.E. Oregon Street, Portland, OR 97232, and then marching to Wall Street Sen. Wyden’s office.

Google the TPP and the organizations preparing to strike hard against the TPP in your area. Then join your voices to theirs, for your children and theirs. Don’t let the 1 percent and their politicians steal your future with the TPP or via Fast Track.

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President Obama is hardly the worst president in history. He’s had some fine accomplishments, but some of us were dismayed at the president for allowing Wall Street executives to get away Scot free from their massive crimes such as mortgage fraud and money laundering for the Mexican drug cartels, but he did rely on these people for campaign cash. This is the first president in any US financial crisis who directed his justice department not to go after a single one of the alleged criminals. That just shows how corrupt the US government is nowadays, and Obama is a product of his times.

The scorched earth politics of the Republican opposition left millions of people in poverty, and they were led by Mitch McConnell and John Boehner, and they did this all for the political gain of the part of the 0.01 percent the Republicans represent. The Republican Party is the greatest example of corruption in modern American history, but the Democratic party is close behind.

Some of us were sorely disappointed than insurance executives were the creators of Obamacare, and no public option was included in the program.

Some of us were dismayed that 95 percent of all US income growth under Obama went to the 1 percent year after year after year, and the president did nothing about that. But this benefited Wall Street and the 1 percent.

Some of us were disgusted the president continued to press for policies that increased income and wealth inequality, such as the Trans Pacific Partnership, the South Korea Free Trade Treaty, and Common Core. Again, this benefited Wall Street and the 1 percent.

As US Senator Elizabeth Warren said about Obama and his economic team, “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over.”

The next recession will be worse than the last, especially for the 99 percent. The economy recovered in an anemic fashion, with demand terribly low because of the inequality of income brought about by federal legislation. In 2008, this nation needed a strong leader, a new FDR, and we instead elected the best candidate either major political party was willing to nominate; we got a Wall Street drone.

We are currently in one of the most politically corrupt times in US history. Money has saturated the political and court markets. The Reagan tax cuts began the corruption. The corporate wing of the US Supreme court was the first serious victim of this corruption.

The truth is that the two major political parties are controlled by different factions of the 1 percent, although some of the factions play roles in the political direction of both parties, such as Goldman Sachs. The two parties divide the American people via social issues, and then the two unite to redistribute the income of the 99 percent to the 1 percent via legislation and free trade treaties.

President Obama is a product of his times. Despite that, and despite vicious opposition from the Republican Party that left millions more in poverty simply for political gain, history will likely remember the president more fondly than either of the Bush presidents, President Ford and possibly President Nixon, as well. However, it is possible he will land in the bottom ten worst presidents of all time. Among modern presidents, since say Teddy Roosevelt, Obama will definitely rank right there above Warren Harding, and very few others, so that in my list of the bottom ten president’s since Teddy Roosevelt, Obama rates among the not so bad, definitely not good category.

The Great Presidents

1. Franklin Roosevelt
2. Harry Truman
3. Teddy Roosevelt
4. Lyndon Johnson
5. Dwight Eisenhower
6. Woodrow Wilson
7. Jimmy Carter
8. Gerald Ford
9. William Howard Taft
10. John Kennedy

The corrupt presidents

11. Ronald Reagan
12. Calvin Coolidge
13. Bill Clinton
14. Richard Nixon
15. Bill Clinton
16. Barack Obama
17. George H. W. Bush
18. Warren Harding
19. George W. Bush
20. Herbert Hoover

Notice those who are the worst president’s were also president’s during the times when the federal government was the most corrupted, the 1920s, and the era from 1981 to the current era.

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This is an interesting clip of the Thom Hartman show. He demonstrates how Reaganomics is nothing more than a tool to redistribute income from the 99 to the 1 percent, and that roughly 50 percent of the American people are living at or near the poverty line because of it, a figure that has gone up substantially since Reagan took office. Among other things, Hartmann mentions that Walmart’s profitability is heavily dependent on government subsidies, and that a person can rent a two bedroom apartment but must earn $19 an hour in order to do so.

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“As Ben S. Bernanke walks away from the Federal Reserve’s marble headquarters on the Mall here after presiding over his last policy meeting on Wednesday, he will leave behind a bittersweet legacy.

On one hand, his unprecedented efforts to drive down interest rates and stimulate the economy are widely credited by his peers with saving the nation from a second Great Depression, strengthening the economic recovery and leaving the nation’s financial condition poised to take off this year.

Yet those same policies have added momentum to one of the greatest surges in economic inequality in US history, helping the wealthiest Americans add to their enormous riches while the incomes of almost everyone else stagnated.”

What isn’t mentioned in Bernanke’s legacy is the probable wholesale corruption going on at the Federal Reserve. The primary purpose of the Fed appears to be to shield rich investors from any market forces they encounter that lessons their wealth. In other words, the Feds primary responsibility appears to be to rescue the rich from their own foolish decisions. This has opened the door to what appears to be a massive amount of corruption, both in the Fed and in the US government. See Breakdown of the $26 Trillion the Federal Reserve Handed Out to Save Incompetent, but Rich Investors–Johnhively.wordpress.com

As for the rest of Bernanke’s dubious legacy, click on the link below.

Ben Bernanke Leaves Legacy of Stimulus and Stagnation–The Sydney Morning Herald

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The Supreme Court Justice above is Clarence Thomas, the anti-affirmative action, former recipient of affirmative action, former Monsanto attorney, and worshipper on bended knees of the Koch Brothers. It should also be pointed out that Israel spends that $8 million a day mostly on military goods made by US corporations, so that foreign aid is just another welfare program for the 1 percent. The same holds true for oil industry subsidies.

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