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“Last year was yet another year of poor wage growth for American workers. With few exceptions, real (inflation-adjusted) hourly wages fell or stagnated for workers across the wage spectrum between 2013 and 2014—even for those with a bachelor’s or advanced degree.”

There are numerous government inspired reasons for middle class wage stagnation. One is the exportation of jobs via international income and political power redistribution scams falsely marketed as free trade agreements. The other big pillar of income redistribution from the 99 to the 1 percent is immigration, which is a primary method of regulating wages downward. There are smaller pillars, as well, such as deregulation, privatization scams, etc….

Here Here

Notice in the graph above that the people in the 95 percentile, or what is known as the top five percent, increased their income 2.2 percent last year. 95 percent of all income growth since 2009 has gone to the 1 percent. That means people in the top 5 percent (minus the top 1 percent) have taken the other 5 percent of income growth since 2009.

The 95 percent did not gain any income. Instead those folks lost income last year, and for most years since 1981, when Ronald Reagan ushered in the dark clouds of morning in America. So why did these folks lose money?

Their income was redistributed to the 1 percent via so-called free trade treaties as jobs are shipped overseas. These income redistribution agreements pave the legal route for US corporations to ship American jobs overseas. These agreements also pave the way for US corporations to create jobs overseas that would otherwise be created in the United States. According to the Federal Reserve, 28 million US jobs were exported between 1990 and 2010, and several million more have been exported since then.

The difference between the old higher US wages and the new lower foreign wages goes right into the pockets of the super rich via higher corporate profits, rising dividends and share prices. Those who lose those jobs might receive unemployment insurance for a while. These falsely marketed free trade agreements account for most of the inequality one experiences in the US today.

Currently, the 1 percent steal about 37 percent of all income generated in the US, compared with 8 percent thirty-four years ago. Now the president and his Wall Street bag men, like Wall Street Senator’s Mitch McConnell, Orrin Hatch and Ron Wyden, want to steal more of our jobs via the Trans Pacific Partnership (TPP), and redistribute more of our income to the 1 percent.

The TPP is the largest income and political power redistribution scam in the history of the world, but it is being falsely marketed as a free trade agreement. It has almost nothing to do with trade. It’s about redistributing income from the 99 to the 1  percent via shipping jobs overseas, deregulation of Wall Street so the next financial crisis can’t be stopped, raising the prices of goods and services, eliminating your state and local voting rights on health, safety and labeling issues, and on and on and on.

That’s why it’s important to call your congressional representatives and let them know that you oppose the TPP, and the process known as Fast Track Authority. Fast Track would limit debate in congress, not allow any changes to the TPP, calls for a simple up and down vote, and eliminates the use of the filibuster in the senate on the TPP.

According to EPI, “Comparing 2014 with 2007 (the last period of reasonable labor market health before the Great Recession), hourly wages for the vast majority of American workers have been flat or falling. And ever since 1979, the vast majority of American workers have seen their hourly wages stagnate or decline. This is despite real GDP growth of 149 percent and net productivity growth of 64 percent over this period. In short, the potential has existed for ample, broad-based wage growth over the last three-and-a-half decades, but these economic gains have largely bypassed the vast majority.

The poor performance of American workers’ wages in recent decades—particularly their failure to grow at anywhere near the pace of overall productivity—is the country’s central economic challenge. Raising wages is the key to addressing middle-class income stagnation, rising income inequality, and lagging economic mobility, and is essential to moving families out of poverty. EPI’s Raising America’s Pay initiative and the initiative’s overview paper (Bivens et al. 2014) explain in detail why raising wages is essential to improving Americans’ living standards.”

Click on the link below for the full story.

2014 Continues a 35-Year Trend of Broad-Based Wage Stagnation | Economic Policy Institute.

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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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(Originally published in 2014)

Friday, on the floor of the US senate, US Senator Elizabeth Warren sounded like the one and only person who should be the next United States president. She sounded like the person who is truly giving us “hope and change” in fact rather than as a political slogan, and she sounded like the person Barack Obama should have been.

Everyday she’s sounding like the new Franklin Delano Roosevelt, sounding like the next great president, and the first great president since Harry Truman, or perhaps Roosevelt himself.

In the speech above, Warren excoriated President Obama, Republicans and Democrats for a House bill that will keep funding the government, but a provision within it will force the taxpayers to increase their bailouts of bad derivative investments by wealthy investors, including all of the big investment banks, and especially Citigroup. This provision allows Citigroup and other big banks to gamble with taxpayer money without any repercussions for their investment decisions.

President Obama, some Democrats, and most of the Republican Party are completely corrupt, which is why they support this giveaway for the rich and powerful. This provision is nothing more than a massive redistribution of income from the 99 to the 1 percent. That’s precisely why the president got on the telephone on Thursday and strong-armed some House Democrats into voting for this bill. The bill passed through the house and must now go through the senate.

The provision was written by Citigroup lobbyists, which nowadays is a bank that has the power to direct the majority of the Republican Party to demand maintaining the provision in the spending bill or shutting the government down by refusing to pass it.

During the final debate over the Consumer Financial Protection Bureau in 2010, before Warren was a senator, she was asked about an attempt to weaken the unborn agency. “My first choice is a strong consumer agency. My second choice is no agency at all and plenty of blood and teeth left on the floor,” she said at the time. These comments were unsuccessfully used against her in her subsequent senate campaign.

This week, she fought to keep a major Wall Street giveaway out of a must-pass spending bill and by Friday night it was clear the fight in the House of Representatives was lost. So Warren, a Massachusetts Democrat, took the Senate floor and unleashed a powerful punch on Wall Street giant Citigroup that will leave a mark for an awfully long time, especially on the grass roots, perhaps both grassroots Democrats and Republicans. Hopefully, we are all cheering her on, while Democrats such as Wall Street Senator Ron Wyden meekly stand by (and he will side with Wall Street since he always does) and do nothing since he is a Wall Street stooge pretending to be a senator that represents the people of Oregon.

Republican Senator David Vitter of Louisiana has voiced opposition to the provision. We’ll see if he puts his vote where his mouth is, or whether he’s simply pretending to oppose Wall Street.

In the speech above, after listing the top Citigroup executives who have gone on to work in the Obama administration, Warren addressed Citibank executives directly, noting that she agreed that Wall Street reform wasn’t perfect. “I agree with you. Dodd-Frank isn’t perfect. It should have broken you into pieces,” she said.

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A flutter of fear ran through Congress yesterday, desperately searching for a Democratic spine to run up. The flutter of fear found its target as President Obama sided with Wall Street and the Republican Party against his own Democratic Party, the Democratic base, and the American public.

When this Congress works together to get something done, it’s almost always on behalf of the 0.01 percent, and it’s almost always a profoundly bad one for the 99 percent. The omnibus spending bill that the House passed last night is just about the most corrupt and dangerous piece of legislation to come out of Washington in a long time. A few spineless Wall Street Democrats caved in to Republican hostage demands to avoid a government shutdown. So did Obama, the ultimate Wall Street Democrat. He could have sent a strong message with his veto pen to the 114th Congress since any deal this bad shouldn’t have gotten his signature, regardless of a shutdown threat from Republicans.

So what’s so bad about this deal that a government shutdown is preferable besides the fact that it was written in large measure by Citicorp lobbyists? A lot of things, but one stands out more than the rest.

The Republicans have stuck a little piece of legislation in the funding bill that will force taxpayers to bail out much of Wall Street derivative losses.

Financial derivatives are bonds backed by a real assets, such as home mortgages and student loans. Currently, there are $700 trillion in outstanding derivatives in the world, while the yearly world economy produces only about $70 trillion a year. The US derivative markets has about $230 trillion outstanding, compared to an economy that produces about $16 trillion in goods and services a year.

JP Morgan and Chase Bank hold about $150 trillion of this toxic financial wasteland called the derivatives market.

Should the derivative markets take a nose dive, under the Republican proposal, US taxpayers could owe the big banks a large portion of that $230 trillion. It’s going to be bailout time when the next recession hits. Massively rich, but remarkably stupid, investors know they don’t have make smart investment decisions since the taxpayers are going to be forced to bail them out. In other words, Republicans have decided to redistribute massive amounts of cash from the American middle class for years to come to the 1 percent should their gamble on these derivatives fail. President Obama also said yes to bailing out Wall Street in the future.

President Obama has always been a servant of Wall Street. Quite naturally, he was never likely to veto this budget bill, but one can always hope the president developed a spine and became an FDR or Elizabeth Warren type of Democrat for the American people.

This is bad policy for the nation, for the world, for the middle class, and basically for just about everybody except a few rich Wall Street fat cats. No doubt, some Democrats such as Wall Street Senator Ron Wyden will fight for this bill. Others, however, such as Sherrod Brown, Elizabeth Warren and Jeff Merkley will not do as Wall Street commands.

What else did Obama and his Republican Party agree to do in this budget?

The Republican Party and President Obama and a massive portion of the Democratic Party are all about redistributing income and wealth from the 99 to the 1 percent. Now the battle will go to the senate. There is some hope there to stop this madness.

Click below for the rest of the story.

Why President Obama Should Veto This Budget and Shut Down the Government–Readersupportednews.com

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Ultimately, it is political corruption that plays the biggest role in creating income and wealth inequality. The Reagan tax cuts gave the rich and powerful the money to craft legislation, purchase politicians, such as Wall Street Senator’s Ron Wyden, Orrin Hatch and Mitch McConnell, and then use their corrupt corporate news media to sell the legislation using lies to the public. Now that the public has begun to see reality, the news media, such as ABC News, Fox Propaganda Network, and the Oregonian newspaper, among many others, have continued the lies about how free trade treaties are good for the economy even though the US trade deficit continues to explode more and more with each treaty. That’s because US corporations are shipping more and more jobs overseas, and then they ship the products that used to be manufactured in the USA straight back to the USA, creating the trade gap and a few longshoremen jobs along the way.

Trade treaties are perhaps the principal reason the US economy is historically weak, and why job creation and wage and salary growth are also his historically bad.

The difference between the old wages and the new lower overseas wages goes into the pockets of the rich via higher corporate profits, surging dividends and soaring share prices. That’s why the same process in terms of inequality, political corruption and news media corruption are also in play with most government actions, whether it’s war in Iraq, education loans, public school testing, privatization scams, and deregulation schemes, keeping secret the negative health impacts of GMOs, among many others, it’s all about redistributing your income, your children’s income, and your neighbor’s income, as well as your health, to the 1 percent. The US government is a total cesspool of corruption, as is the corporate news media.

Now the Obama regime is trying to pass through congress the largest income redistribution treaty of them all, the Trans Pacific Partnership. Obama’s primary ally is this corrupt scam is Wall Street Senator Ron Wyden, who is crafting legislation that hasn’t been crafted yet, but he assures those who are listening that it will be fair and balanced. This legislation is called “smart track.” It’s job is to replace fast track legislation. Fast track allowed trade treaties to be voted on with little or no debate in congress, making it difficult for the public to discover what was going on and to muster opposition. Wyden’s smart track is just another scam to redistribute income from the 99 to the 1 percent on behalf of his wall street masters.

Fight back, protest, inform and organize your neighbors. Don’t let social issues get in the way of economic solidarity with your neighbors, because that’s what the corrupt news media, the political class, and the 1 percent have been doing to the 99 percent for forty years, and that’s solely to achieve their objective of income redistribution.

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According to Reuters, “Pacific trading partners hope to have a free trade agreement ready to present to the public and stakeholders in November, U.S. President Barack Obama said on Friday.

He said the aim was to have a document to discuss with other leaders of Trans-Pacific Partnership nations when he travels to Asia in November, a trip that will include the Group of 20 leaders meeting in Australia on November 15-16. Asia Pacific Economic Cooperation (APEC) leaders also meet that month.

The United States holds mid-term elections on Nov. 4, and many trade experts had despaired of finalizing the TPP this year because of the risk that it could cost Obama’s Democrats votes at the poll, given the party’s links to trade unions worried about the impact of trade agreements on jobs.”

Here’s what Reuter’s doesn’t mention.

Leaked documents on the negotiations of the TPP show that the purpose of the treaty is to jack up prices consumers pay on numerous items, like prescription drug prices that will help Big Pharma increase profits for the 1 percent; restrict the ability of the US government to regulate Wall Street (and Wall Street and the 1 percent likes this; ship more US jobs overseas, as well as export more jobs in Latin America to lower wage nations like Vietnam (which includes the entire textile industry of the United States (240,000 jobs in the US, and hundreds of thousands more in El Salvador, Honduras and elsewhere in Central America: and possibly curtail Internet freedom. The difference between the old higher wages and the new lower wages overseas goes into the pockets of the 1 percent. And that’s just a few of the things we know about the TPP since this is the most secretive falsely called trade treaty ever negotiated by the US government.

The TPP is not a trade treaty; it’s an income redistribution treaty with money being legislatively stolen from the 99 percent and handed to the 1 percent.

This is Obama’s war on the middle class. It’s also Wall Street Senator Ron Wyden’s war on the middle class, as well as the entire Republican Party and many Democrats. In other words, the TPP is another legislative accord designed to rig the economic and political game even more against the middle class.

See more about the TPP by clicking on the BIll Moyers video below.

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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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