Archive for the ‘Occupy’ Category

Why is President Obama so adamant about going after government whistle blowers, while making no effort at all at going after the crooks on Wall Street who tanked the economy? The answer is simple. Obama serves corporate interests, that includes Wall Street. Government whistle blowers are a threat to the corporate/government symbiotic chain of profits that redistributes income from working folks to the 1 percent via Wall Street and taxpayers.

Why doesn’t Obama close down the torture chambers at Guantanamo? Because it’s profitable to the private companies that operate the facilities. Likewise, why is Wall Street interests such a heavy influence in Comprehensive Immigration Reform? The answer is those folks are in it for profits at the expense of everybody else. And so it goes in all sectors of the Federal Government. The quest for private sector profits are determining national policies ranging from the above to federal education policy to whether or not we go to war. The interests of ever expanding profits are more important than people.

The same is true with both ideological sides of the corrupt US Supreme Court. The conservative side is always siding with the Koch Brothers, and the liberal side decided that the government can tax us for not buying health care via legislation that was written by the health insurance companies, which opens the door to other things we could be forced to buy, or else get taxed for not buying it.

In other words, Obama, like almost all Republicans, 80 percent of Democrats, President George W. Bush and many others, is letting the quest for profits determine national policies in almost all areas of American life.

Whistle blowers can reveal information that might prove what is already obvious, but the details might prove even more embarrassing to the administration, to the corrupt congress, to both corrupt political parties, as well as the corrupt corporate media that intends to side with the corrupt federal government . That’s why the whistle blowers need to be stopped. They’re bad for business, and the business of the US government is to make the rich wealthier at the expense of us all regardless of how many laws are broken by Obama’s Wall Street cronies.

Check out the links below for Comedian Jon Stewart’s comments on the issue.

Read Full Post »

Occupy Wall Street is gearing up a campaign for debt forgiveness. Check out the link below.

Occupy Wall Street to Launch Debt Forgiveness Plan

Read Full Post »

Below is what Republican US President Dwight D. Eisenhower thought of Wall Street Mitt the Twit Romney, his VP choice Paul Ryan and the rest of the modern Republican Party.

“Should any political party attempt to abolish Social Security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things… (Mitt Romney and Paul Ryan come to mind). Their number is negligible and they are stupid.”

One could say that the Twit Twins (Mitt and Paul Ryan) are just serving their Wall Street masters in redistributing the income of the 99 percent to the 1 percent. But it’s not just Republicans doing this. Democrat Wall Street Senator Ron Wyden is trying to do the same thing. Yes, he is a stupid Wall Street drone bee.

Source (Eisenhowermemorial.org

Read Full Post »

After spending an entire year protesting peacefully in front of the U.S. Embassy, maintaining an occupation day and night, four members of ASOTRECOL, the association of workers and ex-workers injured at the General Motors assembly plant in Bogota, Colombia sewed their mouths shut Wednesday August 1st, 2012, beginning a hunger strike that they are determined to continue until General Motors resolves their situation or they die.

These workers were fired for occupational injuries that they developed from the General Motors assembly line- from doing repetitive movements, lifting excessive weights, being put into harmful body positions and being pressured to maintain an accelerated work pace. General Motors Colombia operates in a way that exacerbates these injuries and abuses- obligating workers to work extra hours, hiring workers for short contracts, detecting which workers are injured inside the company medical facility, dismissing workers shortly after their injuries are detected, inventing the reason for the dismissal, intimidating workers into signing their dismissal papers, using falsified papers and bribed officials, and controlling the media through its advertising dollars.

General Motors received a bailout in 2008 and a significant percentage of the company is still owned by the U.S. people (around 26%). The tax dollars of workers here have been used to help a company abuse workers.

Wall Street Senator Ron Wyden voted for the Colombia Free Trade Treaty last year fully knowing what’s going on in Colombia, which is not only about the protest in front of the US embassy, but also the continuous murder of labor union leaders. Almost three thousand have been butchered in Colombia since 1986. Nobody has been been charged with a crime in these murders. That means the Colombian government is behind the butchery, and on behalf of US corporations. Wall Street’s president Barack Obama signed the illegal treaty into law late in 2011 knowing all of this. So did Wall Street Ron Wyden.

Read Full Post »

Tax cuts for the rich are destroying the American middle class. When the rich receive their tax cuts, CEO’s find ways to attract that cash to their stocks by increasing their profits. Rising profits normally mean increasing dividends and share prices. Investors are inclined to sink their newly available tax money into investments with higher rates of return.

That’s why CEO’s race to ship jobs overseas, create jobs overseas and place downward pressure on the compensation of their US employees. The difference between the old wages and the new is redistributed into the pockets of the already affluent via higher dividends and share prices.

This allows the 1 percent to purchase more legislation that redistributes even more income from the 99 to the 1 percent, such as free trade treaties and deregulation. Free trade treaties result in more and more jobs being shipped oversea, or created over there rather than here. The difference between the old and new wages goes into the pockets of the rich.

The demand for goods and services has declined in the US because less people have money to buy stuff, unless they’re using their homes as ATMs during a housing bubble. Once that bubble burst, the demand sector was squashed, meaning less jobs can be created, and there’s still downward pressure on middle class wages and salaries.

The process means the destruction of local bases, layoffs of teachers, fire fighters, police and other government employees. The economy begins to collapse in slow motion over a period of several years. Only the New Deal and the Great Society programs hole the economy up.

That’s why, “In 1979 the middle three household income quintiles in the United States—that is, the population between the 21st and 80th percentiles on the income scale— earned 50 percent of all national income. But by 2007 the income share of those in the middle shrank to just 43 percent. Between 1979 and 2007 the Gini coefficient including capital gains, in the United States, climbed from 48 to 59, ranking the United States in the top quarter of the most unequal countries in the world.”

Tax cuts for the rich are also why the 1 percent received 93 percent of total US income growth from 2009 to 2011.

See Related Story

The Shrinking Middle Class–From The Center for American Progress

Read Full Post »

The Federal Reserve just released its Survey of Consumer Finances, the only government survey of wealth in America. The Survey is conducted every three years. This survey, conducted in 2010, is the first one to reflect the effects of the Wall Street Meltdown in 2008.

How does it look? Bad. Really, really bad.

The median wealth of American families (meaning half above and half below) dropped from $126,400 in 2007 all the way down to $77,300 in 2010. That’s a 39% slide. It puts the median net worth of American families at its lowest level since 1995, fifteen years earlier.

About 12% of American families have a negative net worth. Meaning that they’re broke.

Among Americans with no high school diploma (15 percent of the adult population), median wealth plunged from $34,800 in 2007 to $16,100 in 2010, a 54% drop. That is the lowest level since at least the Fed’s 1983 survey, maybe earlier. So three decades of progress have been wiped out.

Among minorities, median wealth plunged from $29,700 to $20,400. That is the lowest level since 1992. White median wealth is now 540% higher than minority median wealth.

The median value of American homes dove from $209,500 in 2007 to $170,000 in 2010. But the median mortgage was almost completely unchanged: $74,700 in 2007, $74,100 in 2010. So debt payments increased from 7% of income to 11% of income.

In 2007, the bottom 25% had a net worth of $14,800 or less. In 2010, the bottom 25% had a net worth of $8,300 or less, a 44% decline.

In 2007, the top 10% had a net worth of $955,600 or more. In 2010, the top 10% had a net worth of $952,500, a decline of less than 1%.

Let me sum it up for you: In the greatest economic crisis that the United States has faced since the Great Depression, the rich barely lost a nickel. But the poor definitely got poorer. And people in the middle were crushed.

If this continues any longer, then we can invite a priest to administer last rites to the American Middle Class.

Read Full Post »

Ben Cohen is the co-founder of Ben & Jerry’s ice cream. He’s also a financial backer of the Occupy movement. Cohen says he is helping to launch “a campaign this summer to highlight the influence of corporate money in American politics.”

“Cohen and the Move to Amend advocacy group will distribute rubber stamps with anti-corporate election spending messages so that the politically minded can mark their dollar bills. The end goal: To secure a constitutional amendment saying corporations do not enjoy the same protected rights as individuals and that money is not a form of speech.”

Click the link below for the complete story.

Ben Cohen; Attack of the Ice Cream Master!

Read Full Post »

« Newer Posts - Older Posts »

%d bloggers like this: