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Posts Tagged ‘demise’

Senator Warren does an excellent job of explaining what has happened to push the middle class down a few notches in the video above. However, she misses some key points. Free trade treaties, for example, have led to the exportation of American jobs by the tens of millions since 1990, according to the Federal Reserve Bank.

The difference between the old higher wages and the new lower overseas wages goes straight into the pockets of the uber rich, which is why Wall Street Senator Ron Wyden supports these income redistribution treaties.

Currently, Wall Street’s favorite senator is pushing the Trans Pacific Partnership, the greatest income redistribution treaty of all time. This is almost entirely President Obama’s treaty, and we’ll never forget that Goldman Sachs was the biggest contributor to the president’s 2008 and 2012 presidential bids. Every major so-called free trade treaty has increased the US trade deficit. Why would anybody in their right mind want to increase that? Oh, that’s right. These treaties are about redistributing income from the 99 to the 1 percent.

That’s just one thing that Warren doesn’t explain. There are many other things in the form of legislation that has redistributed income from the 99 to the 1 percent, but I don’t have time to go into that.

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