Posts Tagged ‘Barack’

The economy sucks under President Barack Obama, especially for those under the age of thirty, but if you’re a member of the top 1/2 of 1 percent, you’re doing pretty good since the president intends to use legislation to redistribute income from the bottom to the top. That’s what he’s been doing. That’s why corporate profits are at an all time high when demand is so slack. That’s why the Dow Jones average is at an all time high, because income is continuously being redistributed from the 99 to the 1 percent. Free trade is a perfect example of an income redistribution scam. The president has signed three of them into law, despite government studies showing how they result in job losses. Check out the following link. https://johnhively.wordpress.com/2013/01/18/the-biggest-income-redistribution-scam-free-trade-treaties/

Still, for the 99 percent it’s a better economy than when George W. Bush left the nation in ruins. However, it’s not as good as under any president since Herbert Hoover (and Bush) left the nation in shambles in March 1933. That’s a lot of presidents.

Think about it this way. Under President Jimmy Carter, the US added 230,000 jobs a month on average, with an economy with 60 percent of the population and 60 percent of the gross domestic product as today. In comparison, it’s an awesome month for Obama if the economy creates 180,000 jobs thirty-three years after Carter left office. Why the difference? It’s simple. When Carter was president, the 1 percent took home about 8 percent of the total national income, compared to slightly over 30 percent today. That’s why there’s such a significant difference in the performance of the economy under Carter and Obama.

The 1 percent invest their money in derivatives, like credit default swaps and bonds backed by home mortgages, and things that produce nothing, and they typically are a drain on the economy. The 99 percent use their money to buy goods and services, which stimulates job growth and wage increases. That’s why income distribution is so important. Obama knows this, but unlike President Franklin Roosevelt, Obama refuses to do anything about it. The president also allows Wall Street criminals to go free, something not even the corrupt and incompetent George W. Bush did when Worldcom and other companies committed criminal acts.

In other words, Obama has no intention of doing anything that makes the nation so ill. His real base is a slice of the 1 percent. Still, give him some credit where credit is due. Okay, not that much credit is due to him except for the gains on Wall Street and the record setting corporate profits. That hasn’t done anything for the 99 percent except suck them financially dry. Check out the graph below.

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The Trans Pacific Pact (TPP) is going to redistribute income and democracy from the 99 to the 1 percent. That’s what all free trade treaties are about. These unconstitutional treaties have nothing to do with trade. TPP is the biggest, baddest one of these treaties. The Guardian newspaper of the UK calls the TPP “Nafta on steroids.” There are those who oppose these income redistribution treaties. An announcement of one such action is below.

Cross-Border Organizing Summit & Rally to Defeat the TPP

Saturday, December 1 * Peace Arch Park
in Blaine, WA on the U.S./Canada border

Join hands with Canadian, Mexican and American trade justice advocates from the labor, environmental, family farm, immigrant rights, Internet freedom and other social movements to help launch a historic, new tri-national campaign to defeat the Trans-Pacific Partnership (TPP) corporate power grab.

at http://www.OregonFairTrade.org or call (503) 736-9777

What Is the TPP?

The Trans-Pacific Partnership (TPP) is a massive, NAFTA-expanding trade and investment pact under negotiation between the U.S., Canada, Mexico and other countries throughout the Pacific Rim. If implemented, the TPP threatens to:

· offshore jobs, reduce tax bases and increase austerity, while undercutting worker rights globally

· promote fossil fuel exports and hand corporations new tools for attacking environmental rules

· further deregulate Wall Street financial institutions

· prioritize corporate profits over indigenous rights

· destroy family farms, force emigration and concentrate global food supplies into fewer hands

· block access to generic medications and limit freedom and innovation on the Internet

The good news is that, by working together across borders and issue areas, we have derailed similar corporate power grabs before. We can do it again!

What to Expect on December 1st

Meet rock-awesome local activists • Learn about the TPP from organizers throughout North America • Strategize on how to spread the word & mobilize in your community • Participate in a fun border action • Make movement history

For more info, contact the Oregon Fair Trade Campaign at elizabeth@oregonfairtrade.org or (503) 736-9777

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Carlos Montes faces 22 years in prison for throwing a can of soda at police during a demonstration way back when, in 1969. But that isn’t the real reason the sixty-four year old is facing prison. His political activities have gotten him the attention of President Barack “Wall Street” Obama.

Click the link below for the rest of the story.

A 64-year-old leftist activist turned retired Xerox salesman raided by the FBI over protest-related felony charge from 1969

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Let’s get something straight. President Obama is a tool of Wall Street in its war against the middle class. He is their class warrior. The Obama team is negotiating to ship more jobs overseas, gut US laws and do a lot of other nasty stuff to the middle class. Check out the video below from Occupy Dallas.

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It’s an election year and that’s why President “Wall Street” Obama “urged Congress to toughen penalties for improper manipulation of oil markets and called for stricter government oversight of energy markets.” Apparently, the president thinks there is a proper way to manipulate the market. Nobody should take the president seriously.

The price of gasoline in the United States is probably two to three dollars per gallon higher than if there was some kind of real, competitive, market. Gasoline may be even three dollars or more per gallon higher than it should be. The United States has been exporting more oil than it is importing for several months now, for the first time since the late 1940s. That suggests the market has been manipulated for a long time, that US production has been artificially curtailed and manipulated for decades, and that there is an overabundance of oil available, but the president hasn’t done anything as the price of gasoline has risen, fueled by the demands of the financial markets. The big boys are making us pay so they can keep their stock values high. It’s been a scam for a long time and the president hasn’t instructed his Department of Justice to use the Sherman Anti-Trust Act to break up the oil oligarchs and send some of these big and slick oil barons and their Wall Street cronies to prison for their crimes.

Related Story

The Myth of Peak Oil

click here for the complete story

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The Poor in America

What happened to Obama’s vision for America? Why is poverty exploding? Why are there so many homeless people? Maybe some of it has to do with Obama, the Democrats and the Republican continuing to enact legislation that redistributes income from the 99 percent to the one percent, from main street to Wall Street. The South Korea Freely Redistributing Your Income to the Rich Treaty is a recent example. That treaty is expected to cost the US nearly a million net jobs. The difference between the old wages here and the new wages there will go into the already overflowing wallets of the one percent.

Watch the film below to see what’s happening to the real face of the 99 percent. Then think how much nothing has changed, how the massive amount of poverty and unemployment will continue to grow under Obama. The 99 percent is playing a rigged game, in which the outcome has been fixed by legislation purchased in the halls of congress and the white house by the one percent.

There is one thing everybody should know; Elizabeth Warren for president.

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Wall Street Mitt Romney better take note; Chrysler just had its finest month of sales in four years. Mitt, of course, thought the government shouldn’t have saved Chrysler and General Motors via a bailout begun under President George W. Bush.

And speaking of Bush, he was probably, certainly arguably, the worst president in history with the possible exception of Herbert Hoover. His eight years in office were a disaster for the United States. Times magazine appropriately called it “the lost decade.” However, the Bush administration initiated the bailout of Chrysler and General Motors. So let’s give the corrupt, incompetent fool, some credit for doing good.

click here for the complete story

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