Archive for the ‘Occupy wall street’ Category

After the Republicans shellacked the Democratic Party candidates in the November elections, the Corporate Democratic Establishment appears to have coordinated a series of attacks against the Republican Party, which it should have done a long time ago. So why is the Democratic Establishment doing this now?

The purpose for these attacks may not be to smear Republicans with their gruesome corruption; one can rightly suspect that it is to entice the growing number of grassroots Democrats who have abandoned the party into returning to the polls and voting for candidates of the Wall Street Democratic Party.

One can rightly suspect that the November elections showed the Democratic Establishment that its base was drifting away, and so the establishment is attempting to reestablish its credibility as a party of the people. These are a series of slick public relations stunts to fool its own base into returning to the polls and voting Democratic next time. Since the elections:

1. The Senate Intelligence Committee released its report on the Bush torture system, excoriating the ex-president and his white house advisers as the war criminals thugs they are. Most of us knew this more than ten years ago.

2. The New York Times followed that up with an editorial demanding these people be brought to justice.

The establishment is trying to show its liberal base that there exists a difference between the completely bankrupt Republican Party and itself. In the matter of war crimes, however, there is virtually no difference between the two parties. During the first year of his presidency, President Obama squashed an attempt by a Spanish judge to prosecute war crimes against members of the Bush administration. In addition, if the Democratic Establishment and the Obama administration really wanted to prosecute members of the Bush administration for war crimes, which would include such top dogs as George W. Bush and Dick Cheney, the White House could order its justice department to prepare extradition hearings for those accused. Earlier this month, the New York Times reported that the head of the United Nations demanded the USA do precisely this. The Obama administration refuses to follow through despite the fact that the US is a signatory to international law governing war crimes and is required to do this.

3. President Obama signed a so-called executive order granting amnesty to an estimated 5 million undocumented immigrants. The big question here, if the president can constitutionally do this, which is debatable, why then does he not issue an executive order granting amnesty to the other 6 million undocumented immigrants in the USA, or those that cross the border illegally tomorrow or next year? This action, of course, will appeal to Hispanic voters, so the establishment hopes.

4. The president negotiated a treaty with the Chinese curbing CO2 emissions. The Establishment hopes this will appeal to its waning environmental base.

5. The president opened the door to normalize relations with Cuba. The establishment hopes those of the far left, which isn’t very far left of center during this contemporary period, will return to the party.

6. MSNB created a documentary broadcast via Rachel Maddox showing that oil and not weapons of mass destruction was the reason the President George W. Bush pursued war in Iraq. Most knowledgeable people knew this more than ten years ago. This should appeal to the disillusioned anti-war faction that has seen the Obama administration continue to wage war for profits throughout the world.

Here’s what the Establishment doesn’t want the grassroots to see. The problem is that more and more of the grassroots know what’s going on.

1. The Democratic Establishment is trying to pass the greatest income redistribution treaty of all time: the Trans Pacific Partnership (TPP). If the treaty passes through congress President Obama has promised to sign it. Trillions of dollars of income will be redistributed from the 99 to the 1 percent via this treaty.

The secretive TPP will grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent; which will effectively eliminate your votes on local and state levels for and against such things (which most people call voter suppression, but in this case it should be called voter elimination), outsource millions of jobs, offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent), limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent), and block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent). It will also kill the remainder of the US textile industry, destroy millions of jobs in Latin America, drive millions of undocumented immigrants into the United States, and depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent. And we can’t forget that it will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. In other words, this scam is the largest income redistribution treaty of all time from the 99 to the 1 percent. It’s an attack on the middle class.

2. President Obama and the Establishment have worked overtime to see that 95 percent of all income growth since 2009 has gone to the 1 percent.

3. The battle over the omnibus spending bill in December 2014 proves an important point.

Referring to the Democratic Party meltdown in allowing a provision sneakily put in the latest budget bill (by corrupt Wall Street Republican Congressman Kevin Yoder of Kansas) that allows Wall Street investment banks to gamble with taxpayer money and expect to be bailed out if their gamble fails, Matt Taibbi of Rolling Stone magazine wrote on December 13;

“If the Democrats actually stood for anything other than sounding as progressive as possible without offending their financial backers, then they would do what Republicans always do in these situations: force a shutdown to save their legislation. How many times did Republicans hold the budget hostage to rescue the Bush tax cuts? But the Democrats won’t do that here, because they’re not a real (political) party. They’re a marketing phenomenon, a big chunk of oligarchical”…”single furiously-money-collecting/favor-churning oligarchical Beltway party…cleverly sold to voters as the more reasonable and less nakedly corrupt wing of a two-headed political establishment.”

4. The budget battle of December 2014 proved a particularly gruesome point; both political parties have been totally corrupted by big money unleashed by the Reagan tax cuts, as well as other tax cuts, and the politicians of the US government are absolutely corrupt, with few exceptions, such as Bernie Sanders, Elizabeth Warren, Sherrod Brown, Jeff Merkley, Alan Grayson, and perhaps David Vitter. That’s why the political and economic game is totally rigged against the 99 percent.

5. The White House coordinated the crackdowns on Occupy Wall Street.

The Democrats, exactly like the Republicans, are all about redistributing income and wealth from the 99 to the 1 percent.

That’s why the Democratic base is leaving the Democratic Party because the Party Establishment left the base behind two decades ago, and continues to favor the rich and powerful over working families, just like the Republican Party. In this respect there is no difference between the twin parties of corruption. And no slick public relations campaign is going to keep the grassroots in line.

More and more grassroots Democrats are leaving the rotted ship called the Democratic Party because the Establishment can no longer direct their attention away from economic issues by appealing to social issues, which is what the latest wave of Democratic Establishment actions are intended to do. These actions may be the last gasp of a sinking skip.


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In a powerful jab against rising income and wealth inequality, on Monday, June 9 2014 the Seattle City Council voted unanimously to enact a city-wide minimum wage of $15 per hour. Thank you Occupy Wall Street for riveting the attention of citizens throughout the world to this madness of enriching the wealthy at the expense of everybody else. Inequality destroys economies and economic opportunities by depressing demand, and it corrupts federal and state politicians, such as Wall Street Senators Ron Wyden, Mitch McConnell, and Orrin Hatch.

Has anybody actually seen a prosperous functioning democracy where the rich own 40-60 percent of everything and steal 20-32 percent of a nation’s annual income? Of course not.

Check out the story from the American Prospect by clicking on the link below.

How Seattle’s $15 Minimum Wage Victory Began in New York City’s Zuccotti Park.

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In Truthout.org, economist Richard Wolff writes that since the New Deal, president after president rolled back New Deal programs and were supported by conservative groups, major corporations and the rich in doing so. Wolff wanted to know if President Obama did the same thing. So he wrote,

“More importantly, by symbolizing a kind of social arrival/acceptance of African-Americans generally, might he (Obama) neutralize likely popular oppositions to the next steps in rolling back the New Deal? Capitalism’s crisis since 2007 could have been blamed on the conservative coalition and the system itself. The economically worst-victimized – especially African-Americans – might well have revitalized a new labor-radical coalition (like during the New Deal), absorbing the mass energies visible in the Occupy movements.

The new, young, different African-American president deflected, deterred and at least delayed all that. Obama’s proven reliability as outsider president extraordinaire is his administration’s economic significance.

Yet continuing crisis makes ever more Americans shed lingering illusions and hopes for better economic futures. So-called “recovery” affects only a small minority. Most people and many businesses face deteriorating jobs and lives. As the most outside of outsider presidents, Obama presided over the awakening of millions to economic declines they find oppressive and unjust. They are not buying the outsider president strategy any more. The outsider mask has lost further political usefulness for the conservative coalition.”

In other words, so far as I can tell, Wolff concludes that President Obama is wearing the mask of an outsider president in order to continue redistributing income and wealth from the 99 to the 1 percent. This is something Obama has been doing quite well, and it doesn’t take a mental giant to figure it out. All one has to do is look at President Obama’s giant Trans Pacific Partnership, which is a corporate trade treaty, the largest in history, which will jack up the prices of goods and services for the 99 percent, push wages down, potentially limit Internet freedom for the 99 percent, and limit any regulations of Wall Street fiancial transactions. There are plenty of supporters of this in the US House and Senate, such as Wall Street Senator Ron Wyden.

President Obama and Senator Wyden are playing a simple game of rigging the game against the 99 percent on behalf of the 1 percent. That’s what Democrats do nowadays, along with Republicans, such as Wall Street Senators Orrin Hatch and Mitch McConnell, as well as Congressman John Boehner. All of these boys are on the ideological payrolls (at the very least) of the Koch Brothers and Wall Street investment banks such as JP Morgan and Goldman Sachs. These guys are all class warriors, fighting for the 1 percent.

Click on the link below for the complete story.

Is Richard D. Wolfe’s Assessment of the Economic Significance of President Barack Obama Correct?

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Here’s a stat that might blow your mind; if the 1960 federal minimum wage had kept up with US productivity increases, then the federal minimum wage would today be $22 an hour. Along with the decline of a lot of other people’s wages, the difference between today’s federal minimum wage of $7.25 per hour and the $22 per hour it should be, has been corruptly and legislatively directed into the pockets of the 1 percent by the corrupt politicians of the federal government simply refusing to jack up the minimum wage to where it should be. $14.25 is the difference between what should be and what is, and that difference has pushed the Dow Jones and other financial markets to record levels, along with corporate earnings, dividends and stock prices. Meanwhile, our schools and public infrastructure are made to starve for funds more and more, in part, because more and more wages are being redistributed from the 99 to the 1 percent, which are taxed at local and state levels, while the rich pay less and less of those taxes, and less and less federal taxes. So by keeping the federal minimum wage artificially low, the 99 percent are being robbed of wages, as well as reduced local and state tax bases, all of which create demand, which creates jobs.

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This holiday season, buy the perfect gift for that loved one who took a stand against America’s plutocracy: a large print of the Occupy encampment at Zuccotti Park. The poster is “printed on Premium Heavy Stock Paper which captures all of the vivid…

Click on Wal-Mart Monetizes the Occupy Movement for the complete story.

Wal-Mart Monetizes the Occupy Movement (via Moyers & Company)

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Income and wealth inequality is a big concern throughout, as a poll by the Pew Research Center shows. It should be pointed out that income and wealth inequality is growing because so many politicians have been purchased by the 1 percent to achieve this inequality.

Income and wealth distribution is a function exclusively of political power. Government’s sets the rules, and then reset them, mostly to benefit the 1 percent over the 99 percent.

People throughout the world have serious concerns about income and wealth inequality, according to a new poll conducted by the Pew Research Center, and as the graph to the side shows. Notice in Greece 84 percent of the population are concerned about this issue. Also note that government corruption is a massive problem in Greece, and note that it’s the 1 percent that does the corrupting and receives all the benefits of this corruption, and all at the expense of the 99 percent.

The same corruption, and at the same or similar scale, is occurring in the United States government, and at all levels, but the people of the US are less concerned about income and wealth inequality than the folks in Greece. That’s because the US corporate media is also corrupted, and it serves its owners and shareholders, who are members of the 1 percent. So the US corporate propaganda media dutifully keeps the American public ignorant. The other reason why citizens of the US are less concerned about inequality and government corruption that brings it about is because the 1 percent has not sucked them as dry as the 1 percent of Greece has sucked the 99 percent as dry there.

As of 2011, the United States rated as the 75th worse nation in the world in terms of income distribution. Greece was rated 39th. Why are the Greeks protesting in the streets and Americans are not? Who knows? We can throw a few guesses out there. As mentioned above, Americans are starved for information and kept, for the most part, deliberately ignorant by the corporate propaganda machine about these issues compared to the their Greek counterparts.

Of course, the US is larger in territory and greater in natural resources than relatively tiny Greece, and these factors may play a role in giving Americans a higher standard of living than the people of Greece. So, in a way, income in the US can be legislatively redistributed from the 99 to the 1 percent, as has been the case for the last thirty-two years, and Americans can still have a higher standard of living than the Greeks. Of course, it is possible the US social safety nets might be stronger, as well.

Most likely it is a combination of these and other factors that see Greeks rise up while overweight Americans sit in their chairs, a GMO loaded hotdog in one hand and a beer in the other, while watching the television shows, and sports and news programs intended to distort their reality.

Notice when it comes to inequality, Canadians have as much concern about this issue as US citizens, and yet Canada ranks 30th in the world in income inequality, way ahead of the US. It’s interesting that Fox News was banned in Canada because of a law there that makes it a crime for a news organization to lie to the public. Currently, Fox has a limited broadcast area in Canada. It is much bigger in the US where Fox is the most glaring example of a propaganda machine for the 1 percent. That is, in fact, the sole reason for its existence, or, at least, it seems to be.

This suggests perception is very important, and the US propaganda machine (we erroneously call the news media) plays a big role in suppressing dissent in the US by keeping our minds off certain subjects, such as income and wealth distribution and redistribution. This also suggests the US propaganda machine has done its job well.

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Five years ago, Lehman Brothers filed for bankruptcy. Lehman CEO Dick Fuld was rewarded with half a billion dollars and three mansions for his total mismanagement skills. Another Wall Street investment bank, Bear Stearns, went belly up after its CEO bet heavily on bonds back by home mortgages. CEO Jimmy Cayne walked away with over $300 million for his complete incompetence, and he plays high-stakes bridge in retirement. Charles Prince left Citigroup with a $28 million retirement parachute after losing the firm $11 billion in mortgage-backed gambles. Stan O’Neal was fired by Merrill Lynch the same month, and the firm sent $161.5 million out the door with him as a reward for massive stupidity and total lack of business acument. Incompetent Ken Lewis left Bank of America in 2009 with a parachute payment of $83 million. All three of their corporations were bailed out by taxpayers. In other words, those golden parachutes were paid for by taxpayers. That’s us folks.

Those are also the folks who went on strike against Walmart over pathetically low wages. Those people pay taxes, too, even on their $8 an hour pay. In other words, the Wall Street bailouts were a series of massive income redistribution scams, from the 99 to the 1 percent who finance political campaigns. You can also call it corporate welfare. The economy and the government; they’re completely rigged games against the 99 percent. The government is rotted with corruption through and through, at least as much as is Wall Street, and the electoral process.

Check out the story below from Thinkprogress.org.

Infuriating Facts About Subprime Wall Street CEO’s Who Failed At Their Jobs and Helped Destroy the Economy

Center for Public Integrity

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The big banks are pushing to eliminate your banking choice of either using big banks or credit unions. Credit unions are somewhat like COSTCO. You have to be a member to join, they’re typically locally owned by you and other members, and so service is a lot more personable. In addition, credit unions are nonprofit organizations.

The big banks are going after credit unions in the halls of congress because the banks can’t compete with them since the banks have bloated overhead costs in the form of shareholder and CEO compensation, as well as paying out millions every year to politicians of both major political parties. You pay for all of this.

Click on the link below for the story of how the banks are legislatively going after the rivals. The story does have a defect. It doesn’t tell you any of the above. It only tells you one tiny aspect of how these little credit unions are kicking the butts of the inefficient, bloated, big banks that soak us daily with high late fees, and whatever else they can charge us so that they can redistribute our income to the 1 percent. They often do it through the legislative process, like the bankruptcy reform that prevents people from going bankrupt a few years back. They buy politicians like Wall Street Senator Ron Wyden. That’s why banking is a rigged game.

Live and bank better. Stop doing business with the big banks. Join a credit union today.

Attack on the Credit Unions–LA Times

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