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Posts Tagged ‘corruption’

“MSNBC host and labor advocate Ed Schultz blasted the Obama administration for not standing up for labor workers on “The Ed Show” Tuesday.

One day after Scott Walker dealt another blow to unions by signing right-to-work into law in Wisconsin, Schultz said Obama and the administration have been a “no show” since taking office.

“I have wanted to say this for a long time,” Schultz started. “’All of the sudden President Obama and Vice President Biden are concerned about the depletion of union membership in America and the general attack on unions.'”

Schultz also castigated the president, as well as other democrats such as Wall Street Senator Ron Wyden, for supporting Fast Track Authority and the Trans-Pacific Partnership (TPP); the latter is a job killing, income and political power redistribution scam falsely marketed as a free trade agreement. It has almost nothing to do with trade. It’s about redistributing the income and voting rights of the 99 to the 1 percent. It’s about bypassing Wall Street regulations, which will allow investment banks to drive the US economy into the next Great Depression, which coincidentally, the economy is already bracing for.

The TPP is the most secretive treaty of all time, and we know very little about it since what we know has been leaked.

If congress gives the president Fast Track Authority, then there will be almost no public input and congressional debate on the TPP, no amendments will be offered, and no senate filibuster will be allowed once TPP is introduced into the legislature.

Check out Ed’s show on these issues at the link below.

President Obama is a No-show on Labor Union Issues–Daily Caller

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US Senator Elizabeth Warren is

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“A network of Republican lawmakers and their rightwing corporate funders are battling behind closed doors to block minimum wage increases in cities across the US, in a step-by-step counter-attack that could cut back the incomes of millions of Americans despite an economic upswing.

According to strategic details obtained by the Guardian, the American Legislative Exchange Council (ALEC) – along with its localized sister organization, ACCE – is trying to prevent elected city representatives from raising the minimum wage to levels above those set by their states. The group has launched an aggressive dual-track mission that combines legislation and litigation in what Alec calls a “new battleground” over worker compensation.”

Why would rich people want to stop poor people from earning more money? The answer is simple.

The financial markets are Ponzi schemes. More and more money has to be pumped into the financial markets, or the values of corporate shares that are traded on those markets will crumble into nothingness. For example, if shares of Weyerhauser climb to $50 per share, yet profits go down, more sellers will enter the market than buyers, and the value of the shares go down. However, the process is also true if profits stay the same from one quarter to the next. In which case, there might be exactly as many buyers as sellers of Weyerhauser shares if other stock prices are rising.

Why hold a static stock when when you can sell and purchase shares that are on the rise? The result of static corporate profits (and profits are the key to whether or not share prices rise), is to send share prices down. Weyerhauser’s stock plummeted from $50 to $1 per share from 1929 to 1933, which is when the Ponzi Scheme known as Wall Street collapsed. I demonstrated this in greater detail in The Rigged Game: Corporate America and a People Betrayed.

This is why ALEC opposes increasing the minimum wage anywhere except for shareholders, CEOs and corporate lobbyists. If corporations need to pay workers higher wages, that will reduce profits and potentially send share prices lower. This is also why the 1 percent wage war against the middle class, corrupt government at all levels with their ill-gotten gains, and have their legislators push legislation to redistribute income from the 99 to the 1 percent. This is also why we have much greater inflation today than the government lets us know about, but that’s another story.

Check out the rest of the story from the Guardian by clicking on the link below.

How a powerful rightwing lobby is plotting to stop minimum wage hikes–the Guardian

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This is the reason why President Roosevelt successfully pushed for a 90 percent top marginal tax rate, to ensure the success of democracy for everybody, not just the rich.

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Inequality in the United States began with a simple idea; give more money to the rich so they can purchase the favors of government. This was called the Reagan tax cuts. The rich used their money to purchase more tax breaks in the political markets, and that’s exactly what the political area is; a market with buyers and sellers.

When President Franklin Roosevelt pushed for a 90 percent top marginal tax rate, he did it to act as a maximum wage, to save democracy from being purchased by the rich. Reagan let the genie out of the bottle.

Since Reagan, all sorts of legislation has been passed to redistribute income from the 99 to the 1 percent, including income redistribution treaties, falsely referred to as trade agreements.

Now President Obama is pushing the Trans-Pacific Partnership (TPP), the largest income redistribution agreement of all time. Since 2009, the rich have stolen 95 percent of all income growth. The TPP will increase this inequality. Wall Street Senator’s Orrin Hatch, Mitch McConnell and Ron Wyden are all for the TPP, since they have a history of siding with legislation that redistributes income from the 99 to the 1 percent.

In other words, Reagan’s tax cuts began rigging the game of economics and politics in favor of the 1 percent.

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