Feeds:
Posts
Comments

Posts Tagged ‘Democratic Party’

Global warming is upon us. My rhododendron told me this decades ago as it bloomed during the middle of a brutal January ice storm. However, we have been made a bit confused about the issue because some very rich people’s income and wealth accumulation, along with their economic and political power, is greatly dependent upon the rest of us believing something else despite what is happening right before our eyes.

We have been divided, sliced and diced into competing camps. A great many people believe either in the nonsense the Wall Street/billionaire controlled Democratic Party has conjured up, or the nonsense the billionaire/Wall Street/Big Oil controlled Republican Party has placed before us. We have been divided by social issues by the competing camps of billionaires while the big boys of both sides rape us financially. Most of the faithful of both political parties appear to be just like European soccer fans. It’s our team against their team and we’re going to believe whatever the leaders of our team tell us to believe. This is called WAR, which is an acronym for “We Are Right.” Some people are as zealous in this regard as the European soccer fans who duke it out in the stands and parking lots of stadiums over men kicking a ball.

Sometimes, however, the truth can win against the lies of either group of billionaires. Mother nature has been telling us for decades that global warming is occurring. We could see, for example, flowers that used to bloom in Spring blooming in December and January, insects we’ve never seen before that belong in hotter climates than the Pacific Northwest, in some places river and lake water levels have been reduced by 50 percent in just the last five years, and ducks and geese migrating south in November and December, and then flying north in February.

Hopefully, enough people have experienced the severe and record-breaking heat in the Pacific Northwest, along with historic droughts throughout the west, to understand the great danger to the people and other species of the world that global warming is bringing because these current events are only the tip of the ice berg of what the future holds, no pun intended. As late as early June 2021, nobody living in Portland, Oregon would have believed the record mid-June temperatures of 108 and 116 degrees would ever occur. The same thing has happened to the people of Montana, Idaho and Washington, among other places.

Hopefully, enough voters in the Republican Party will understand the billionaires who control the party have been lying to them that global warming is not occurring, and if it is by some miracle, it is not man-made; We can hope enough of them will believe the eyes and brains that God gave them, and they will demand action from their party leaders. By now many should have come to understand global warming is a reality in the same way many Democratic voters have come to realize the Wall Street controlled Democratic Party leadership and its news media has been lying to them that free trade agreements do not result in the exporting of jobs, although tens of millions of jobs have been exported over the last thirty years. The billionaires who control both parties and all three branches of the federal government, along with the corporate news media, have been lying to us for forty and more years over a great number of issues, thanks to their Supreme Court. It isn’t your Supreme Court, and it certainly does not belong to the U.S. Constitution; the super wealthy own the court.

We can only hope change will come in the midst of record setting heat waves and drought before those of us living outside of gated communities experience the full brunt of global warming, which will continue to get worse. 116 degrees is Portland Oregon is only the beginning unless action on a massive scale is taken.

Advertisement

Read Full Post »

The electoral college is allowed to exist because the Republicans and the Democrats are indispensable enemies, at least for the billionaires who control both parties. If not for the electoral college, the last Republican United States president would have been George H.W. Bush from 1988 to 1992. The balance of power in Washington D.C. would have been in the hands of the Democrats for most of the time since. Those politicians serve many of the same billionaires who control the Republican Party. The billionaires and their corporate media divide the Republican and Democratic Party grassroots by social issues so as to take our eyes off the prize.

Nowadays, many of the grassroots of both parties are like European soccer fans. They root for their teams regardless of the economic issues that impact them, they engage in fistfights, protests and counter protests, and issue damning insults in person and on social media, much to the delight of the billionaires of both parties who have been pulling their strings as though they are mindless puppets.

George Carlin on education and political corruption

In the meantime, three billionaires own more wealth than the bottom 50 percent of Americans. According to Inequality.org, as of November 17, “the combined wealth of 647 U.S. billionaires increased by almost $960 billion since mid-March, the beginning of the pandemic lockdown—an increase of nearly $1 trillion in less than a year. Since March, there are 33 new billionaires in the U.S. Driving this exploding inequality are 12 companies whose profits are coming at the expense of workers and communities. These “Delinquent Dozen” companies are emblematic of the corporate greed that has grown rampant over the last 40 years. They include retailers like Walmart, Amazon, Target, and Dollar Tree and Dollar Store, gig economy companies like Instacart, and food producers like Tyson Foods.”

Worse yet, this massive increase in wealth inequality is driven by a huge rise in income inequality. The top 1 percent now take roughly anywhere from 25 to 40 percent of the total income produced every year in the United States, depending on whose stats you use. This is up from 8 percent in 1980. Extreme poverty has risen over the last thirty years from 36 percent of the world’s people to roughly 50 percent as massive amounts of income and wealth have been redistributed from the poorest to the most wealthy. The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, according to a recent study by Oxfam. See https://www.oxfam.org/en/press-releases/worlds-billionaires-have-more-wealth-46-billion-people

During these decades our democracy has been turned into a plutocracy (government of the rich, by the rich, and for the rich), our utterly corrupt Supreme Court has given massive power to the rich via their corporations while weakening our labor unions, which was once the primary counter balance to corporate power in the United States.

Sure, there are important issues the billionaires and their corporate news media have directed our attention to, such as transgender bathrooms, voter fraud, racism, gay rights, wars against Christmas, wars against women, global warming, abortion, wars for and against dirty diapers, etc…. While most of these are important issues for which many of us are passionate about, they are also issues intended to take our eyes off the prize.

Take racism, for example. Most of the people impacted by extreme poverty (defined in 1990 as living on $1.90 a day) throughout the world are our brown and black brothers and sisters from lesser developed nations. And yet, the policies which have pushed more and more of these people into extreme poverty, such as international trade agreements involving the United States, and lending actions by the U.S. dominated World Bank, are pushed by billionaire controlled politicians of both major political parties. Racism is never talked about in this context because the billionaires have directed our attention away from racist economic policies and how these policies have been directed by Republican and Democratic Party leaders over the last four decades and have pretty much kept our eyes off the big pictures of income and wealth inequality and how these two policies impact all working people, but in particular, black and brown people.

If the electoral college was eliminated, the Republican Party would be a largely permanent minority party unable to stop the Democratic Party leaders from enacting the demands of the Democratic Party grassroots for reforms, some of which would reverse income and wealth inequality, such as raising the federal minimum wage to $15 an hour, which would cut into corporate profits, as well as ever rising share prices and dividends, which is the primary conduit by which the rich receive their income and wealth. Immigration reform would succeed, but the current policies are very profitable for a handful of publicly traded corporations, and which benefit billionaires.

The indispensable enemies must continue to coexist so as to provide the illusion of democracy. Eliminating the electoral college would go a long way toward destroying the illusion, which is something the billionaires do not want.

Read Full Post »

The combined wealth of U.S. billionaires increased by $850 billion since March 18th, 2020, the beginning of the pandemic, an increase of over 28 percent. The billionaires like that.


The billionaires who control the Republicon Party want as small of fiscal stimulus as possible since it will be directed at the needs of the 99 percent. The billionaires who control the Democratic Party support a large stimulus directed at the 99 percent, perhaps because our severe recession is only beginning. Democrats control the U.S. House of Representatives and have pared down a $3.4 trillion stimulus to $2.2 trillion in negotiations with Senate Republicons.

Republicon Senate Majority Leader Mitch McConnell has already stated no stimulus will occur before the election of November 3rd. What if, as expected, the Republicons lose the senate and President Trump loses his reelection bid? Will the Senate Republicons pass a stimulus bill before President Biden enters office on January 20, 2021?

And the answer is; not a chance.

In 2008, McConnell made it a crusade to ensure that newly elected President Barack Obama was going to be a one-term president even as the nation was burning during the Republican created Great Recession of 2007 to 2009. Expect McConnell’s job will be to ensure Biden becomes a one-term president if he wins the election, which means letting the raging coronavirus financial conflagration lay waste the United States as much as possible before Biden takes office on January 20th. For the billionaires who control the Republicon Party, no pain and no suffering is enough to achieve this end so long as the 99 percent get all the pain and suffering.

Expect McConnell to oppose any stimulus after Biden takes office, except perhaps a tiny one. This means the economy will burn, and Republcons will try to blame the Democrats in order to retake the House and Senate in 2020. This tactic will not work since once the election is over changing demographics will ensure the Republicon Party becomes a permanent minority party whose influence at the national level will consistently decrease until it can no longer stop legislation in the senate with a filibuster, and that moment is no more than ten to fifteen years away.

On the other hand, a President Biden is unlikely to ask his other billionaire controlled Democratic senators to eliminate the filibuster for one time even to pass a much needed stimulus because to do so will mean the grassroots will demand they do the same for other issues, such as raising the minimum wage to $15 an hour, creating a public option for health care, raising the taxes on the billionaires who back Biden and other Democrats, immigration reform, and many other issues.

If President Trump wins but the Republicons lose the senate, McConnell is still likely to oppose a major stimulus package for the reason stated above. So don’t expect a major stimulus package to help fight off this economic disaster. We may get one, but it is unlikely or will be too small to be of much help. Keep your fingers crossed.

Read Full Post »

The billionaires who own the Democratic Party are preparing to sit out the presidential campaign fundraising cycle, and have threatened to back President Trump if Senator Elizabeth Warren wins the party’s nomination. We know where the loyalty of the billionaires who control the Democrat Party lie, and it is with their comrades in arms, the billionaires who own the RepubliCon Party.

The billionaires that control both major political parties work hard using their news media and talking heads to get Democratic and Republican voters to side with their party and argue with one another about social issues, such as abortion, gun control, or whether or not transgender bathrooms should have urinals, and whether or not Albus Dumbledore of Harry Potter fame is gay or not, and whether or not Santa Claus should be depicted as transgender or not, rather than talking about income, wealth and the political inequality the billionaires, their politicians (such as Wall Street Senator Ron Wyden) and their Supreme Court have created, and how the billionaires have rigged and corrupted the democracy we live in, while simultaneously working together to financially rob and rape the 99 percent of both Parties in whatever way possible so long as it makes them richer in the process.

The billionaires who control the Democratic Party have already supported President Trump on a number of issues, such as tax cuts for the rich.

Warren tweeted in response to the threat, “I’m fighting for an economy and a government that works for all of us, not just the wealthy and well-connected. I’m not afraid of anonymous quotes, and wealthy donors don’t get to buy this process. I won’t back down from fighting for the big, structural change we need.”

In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden and Bernie Sanders in the 2020 race.

What CNBC did not say was that the vast majority of U.S. citizens need a new Franklin Delano Roosevelt as United States president in order to stave off the predations of the billionaires who own both major political parties, as well as the corrupt/corporate/conservative wing of the United States Supreme Court.

One Democratic Party senior private equity executive said, “You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump.’” This billionaire spoke on the condition of anonymity in fear of retribution by party leaders. The executive said this Wednesday, a day after Speaker Nancy Pelosi announced that the House would begin a formal impeachment inquiry into Trump.

During the campaign, Warren has put out multiple plans intended to curb the corrupting influence of Wall Street on government, both major political parties, and the United States Supreme Court, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy. The billionaires surely do not want that. Trump, meanwhile, has given wealthy business leaders a helping hand with a major corporate tax cut and by eliminating regulations.

Warren has sworn off taking part in big money fundraisers for the 2020 presidential primary. She has also promised to not take donations from special interest groups. She finished raising at least $19 million in the second quarter mainly through small-dollar donors.

Trump, has been raising hundreds of millions of dollars, putting any eventual 2020 rival in a bind as 20 or so Democrats compete for their party’s nomination.

Trump’s campaign and the Republican National Committee have raised over $100 million in the second quarter, and a record $125 million in the third quarter. Most of that came from wealthy donors who gave to their joint fundraising committee, Trump Victory. In August, the RNC raised just over $23 million and has $53 million on hand.

The Democratic National Committee have struggled to keep up. The DNC finished August bringing in $7.9 million and has $7.2 million in debt. CNBC decided not to mention this is because Democratic grassroots voters are throwing tens of millions of dollars to the Warren and Bernie Sanders campaigns.

Biden, who has courted and garnered the support of various wealthy donors, has started to lag in some polls. The latest Quinnipiac poll has Warren virtually tied with the former vice president. Biden was one of three contenders that saw an influx of contributions from those on Wall Street in the second quarter.

The business community’s unease about Warren’s candidacy has surged in tandem with her campaign’s momentum. CNBC’s Jim Cramer said earlier this month that he’s heard from Wall Street executives that they believe Warren has “got to be stopped.”

Some big bank executives and hedge fund managers have been stunned by Warren’s ascent, and they are primed to resist her. Ultimately, this means they intend to resist the will of the vast majority of United States citizens.

“They will not support her. It would be like shutting down their industry,” an executive at one of the nation’s largest banks told CNBC, also speaking on condition of anonymity. This person said Warren’s policies could be worse for Wall Street than those of President Barack Obama, who signed the Dodd-Frank bank regulation bill in the wake of the 2008 financial meltdown.

Yet before Obama was elected, his campaign took over $1 million from employees at Goldman Sachs, according to the nonpartisan Center for Responsive Politics.

A hedge fund executive pointed to Trump’s tax cut as a reason why his colleagues would not contribute or vote for Warren if she wins the nomination.

“I think if she can show that the tax code of 2017 was basically nonsense and only helped corporations, Wall Street would not like the public thinking about that,” this executive said, also insisting on anonymity.

This really means something simple: if you want to vote for your interests, as well as the interests of the vast majority of United States citizens, vote for Elizabeth Warren or Bernie Sanders. If you want to vote for the interests of the billionaires’ vote for Joe Biden.

Billionaires Rise Up Against Elizabeth Warren

Read Full Post »


The gap between the richest and the poorest U.S. households is now the largest it’s been in the past 50 years according to new data from the U.S. Census Bureau.

U.S. income inequality was “significantly higher” in 2018 than in 2017, the Census Bureau says in its latest American Community Survey report. Since the rich in the United States possess earnings and investments abroad, it is likely the income and wealth gaps are much larger than the Census Bureau measures.

The gap grew despite a surging national economy that has seen low unemployment and more than 10 years of consecutive GDP growth.

The most troubling thing about the new report, says William M. Rodgers III, a professor of public policy and chief economist at the Heldrich Center at Rutgers University, is that it “clearly illustrates the inability of the current economic expansion, the longest on record, to lessen inequality.”

That is because the rich are using their political power to create income inequality in their favor.

When asked why the rising economic tide has raised some boats more than others, Rodgers lists several factors, including the decline of organized labor and competition for jobs from abroad. He also cites tax policies that favor businesses and higher-income families.

To understand even a little of how labor unions have been weakened you only need to look at a few of the legal decisions made by the corrupt corporate wing of the United States Supreme Court when it sided with the billionaires and their corporations in the Janus vs. AFSCME case. The corrupt wing of the court, lead by Cheif Justice John Roberts, decided to put an end to decades of legal precedent in which labor union members who did not want to pay union dues were required to pay a lesser fee to their unions to cover the cost of negotiating new contracts with management. Now labor unions are the only organizations in the United States that must provide free services to members who do not wish to pay. The corrupt wing of the court’s intention in making this decision was to weaken the power of labor unions, and working people in general, vis-a-vis the billionaires and their corporations.

Everybody knew the corrupt corporate wing of the court was going to vote in favor of Janus and end four decades of legal precedent in the process. Everybody knew the billionaires had the corporate wing in their hip pocket.

Income inequality is measured through the Gini index, which measures how far apart incomes are from each other. To do that, the index assigns a hypothetical score of 0.0 to a population in which incomes are distributed perfectly evenly and a score of 1.0 to a population where only one household gets all of the income.

The United States has been one of the most unequal of nations in the world using the Gini coefficient. The U.S. is ranked 103 in the world by the World Bank for income inequality, behind every major industrialized country, and up there with such nations as Haiti and Uganda. The U.S. was ranked at 73 ten years ago, so inequality continues to worsen here.

The billionaires’ control the corrupt corporate wing of the United States Supreme Court, the entire Republican Party, and most Democratic politicians at the national level. Therefore, you can expect income and wealth inequality will continue to get worse in the United States.

In other words, vote for Bernie Sanders or Elizabeth Warren for president.

US Census Bureau Report

Read Full Post »

“With its financial contributions and grassroots organizing, the labor movement helped give Democrats full control of the federal government three times in the last four decades. And all three of those times — under Jimmy Carter, Bill Clinton, and Barack Obama — Democrats failed to pass labor law reforms that would bolster the union cause. In hindsight, it’s clear that the Democratic Party didn’t merely betray organized labor with these failures, but also, itself.”

When Bill Clinton became president he took the party straight into the loving arms of Wall Street executives and investors, and the best way to do that was to get rid of labor unions by exporting tens of millions of labor union jobs to poverty wage nations. It began with Clinton and his Wall Street wife, Hillary, and NAFTA. The difference between the old US wages and benefits and the poverty wage workers in poverty-wage nations have always gone straight into the pockets of the rich via higher corporate profits, rising dividends, and surging share prices.

President Barack Obama followed the Clinton’s footsteps in redistributing income and wealth from the 99 to the 1 percent via this and other legislative paths. Of course, they were assisted in this massive redistribution of income and wealth by such Democrats as Wall Street Senator Ron Wyden, who was ever so happy to join the Republican party stalwarts in doing this. The result was ominous, for the Democratic Party, the nation, and the 99 percent.

Between 1978 and 2017, the union membership rate in the United States fell by more than half — from 26 to 10.7 percent. Naturally, this decline coincides with the redistribution of income and wealth engineered by the entire Republican Party, as well as the Wall Street controlled Democratic Party with such luminaries as Ron Wyden, Earl Blumenauer, Bill Clinton, Hillary Clinton, Barack Obama and Joe Biden. The decline in labor union membership due to exported jobs also fuels the massive income and wealth inequality the United States suffers from today, thanks in large part to Bill and Hillary, Barack and Wyden and other Democratic Wall Street loyalists as Earl Blumenauer.

In a new study that will soon be released as a National Bureau of Economic Research working paper (NBER), James Feigenbaum of Boston University, Alexander Hertel-Fernandez of Columbia, and Vanessa Williamson of the Brookings Institution examined the long-term political consequences of anti-union legislation by comparing counties straddling a state line where one state is right-to-work and another is not. Their findings should strike terror into the hearts of Democratic Party strategists: Right-to-work laws decreased Democratic presidential vote share by 3.5 percent.

This could have been a golden age for American liberalism. The Democratic Party — and the progressive forces within it — have so much going for them. The GOP’s economic vision has never been less popular with ordinary Americans, or more irrelevant to their material needs. The U.S. electorate is becoming less white, less racist, and less conservative with each passing year. Social conservatism has never had less appeal for American voters than it does today. The garish spectacle of the Trump-era Republican Party is turning the American suburbs — once a core part of the GOP coalition — purple and blue.

If the Democratic Party wasn’t bleeding support from white working-class voters in its old labor strongholds, it would dominate our national politics. Understandably, Democratic partisans often blame their powerlessness on such voters — and the regressive racial views that led them out of Team Blue’s tent. But as unions have declined across the Midwest, Democrats haven’t just been losing white, working-class voters to Republicans — they’ve also been losing them to quiet evenings at home. The NBER study cited by McElwee found that right-to-work laws reduce voter turnout in presidential elections by 2 to 3 percent.

The Democratic leadership had a choice; side with the 99 percent or side against them and with the 1 percent. Obama, the Clintons, Wyden and other Wall Street Democrats chose to side with Wall Street and corporate parasites against their own grassroots. Now many of the grassroots have abandoned the Party that no longer represents them. Who can blame them? Oh, that’s right! The Democratic Leadership and their corporate news media blames the grassroots and calls them “deplorables,” but only after the leadership has exported tens of millions of working-class jobs.

http://nymag.com/daily/intelligencer/2018/01/democrats-paid-a-huge-price-for-letting-unions-die.html?utm_source=fb&utm_medium=s3&utm_campaign=sharebutton-b

Read Full Post »

The Wall Street Journal reported a few days ago that the Securities Exchange Commission (SEC) has significantly reduced the number of regulations it is supposed to enforce. Quite naturally, as was shown in 1929, 2007-09, 2001, the entire 1980s and 1990s, as well as many other times in US and world history, Wall Street millionaires and billionaires will break the law while redistributing income from the 99 percent to themselves. Then the taxpayers (that’s us folks) will bail them out after the financial disaster, and this will make the rich even richer, and not a soul will go to jail.

The Journal reports that Trump’s appointees to the SEC have significantly slowed down on enforcement. Trump, along with every Republican office holder in the US congress, wants to eliminate the weak Dodd-Frank legislation that makes it a little bit harder than before to screw over the US public.

The Republicans chief economic policy is to unleash Wall Street as a destructive force in the world, allow it to wreck financial on everybody else, in order to knock the economy flat on its face. That is the Republican Party economic policy in a nutshell.

Of course, the Republicans have always had help from the Democratic Party, which is largely, if not completely, controlled by Wall Street billionaires. Many Democrats have been instrumental in helping the Republicans achieve the desires of their Wall Street masters. President Clinton signed legislation repealing Glass-Steagal, as well as NAFTA. The president was supported in this by Hillary Clinton. Wall Street Senator Ron Wyden. These folks continued to serve Wall Street’s interest under then Wall Street President Barack Obama.

The Clinton’s get $225,000 a piece for making speeches from Wall Street, while Obama gets $400,000.

Read Full Post »

donna-brazile
The Week reports:

The Democratic Party finds itself at a crossroads in the wake of Hillary Clinton’s unexpected loss to Donald Trump, and party progressives want to see the “Clinton-corporate wing” of the Democratic establishment purged from the party. That will not likely happen absent an economic crisis.

The Democrats’ power struggle currently centers on who will be the next chair of the Democratic National Committee, a seat presently held by embattled interim chair Donna Brazile. That’s right. She’s the person fired from her job at CNN for illegally leaking town hall and televised debate questions to candidate Hillary Clinton. Candidates for the position have rapidly multiplied as too many Washington connections have become a liability.

“There is no question there is a civil war taking place inside the Democratic Party,” said Cenk Uygur of The Young Turks of the post-election climate. “And the progressive side is going to win.” Still, it won’t be an easy fight: The Democratic establishment will “hold on to the party mechanisms until you rip it out of their dying hands,” said Jonathan Tasini, a Bernie Sanders surrogate. “It’s all about power and money and influence for them.”

Read Full Post »

berniesanders-wallst

Bernie Sanders said Clinton lost to Donald Trump because the Democratic Party no longer works for working people. It works for Wall Street billionaires. Specifically, Sanders told the Associated Press,

“It is an embarrassment, I think, to the entire Democratic Party that millions of white working-class people decided to vote for Mr. Trump, which suggests that the Democratic message of standing up for working people no longer holds much sway among workers in this country.”

“You cannot be a party which on one hand says we’re in favor of working people, we’re in favor of the needs of young people, but we don’t quite have the courage to take on Wall Street and the billionaire class. People do not believe that. You’ve got to decide which side you’re on.”

US Senator Elizabeth Warren also said of Trump’s win, “There are millions of people who did not vote for Donald Trump because of the bigotry and hate that fueled his campaign rallies. They voted for him despite hate. They voted for him out of frustration and anger — and also out of hope that he would bring change.”

Click here for the Bernie Sanders interview with the Associated Press.

Click for Warren’s talk with Politico.com.

Read Full Post »

Citibank of Wall Street pretty much chose who was going to serve on President Obama’s cabinet, as well as who was going to fill the key positions elsewhere in his administration.

John Podesta is the campaign manager for Democratic presidential candidate Hillary Clinton.

WikiLeaks released some of Podesta’s emails, many of which go back to 2008 when Podesta was the co-chair of the transition team for President-elect Barack Obama. A month before the election, the primary staffing of the key positions in the Obama administration was almost complete.

In 2008, Michael Froman was an executive at Citibank. According to the New Republic, Froman “wrote an email to Podesta on October 6, 2008, with the subject “Lists.” Froman used a Citigroup email address. He attached three documents: a list of women for top administration jobs, a list of non-white candidates, and a sample outline of 31 cabinet-level positions and who would fill them. “The lists will continue to grow,” Froman wrote to Podesta, “but these are the names to date that seem to be coming up as recommended by various sources for senior level jobs.

The cabinet list ended up being almost entirely on the money. It correctly identified Eric Holder for the Justice Department, Janet Napolitano for Homeland Security, Robert Gates for Defense, Rahm Emanuel for chief of staff, Peter Orszag for the Office of Management and Budget, Arne Duncan for Education, Eric Shinseki for Veterans Affairs, Kathleen Sebelius for Health and Human Services, Melody Barnes for the Domestic Policy Council, and more. For the Treasury, three possibilities were on the list: Robert Rubin, Larry Summers, and Timothy Geithner.

This was October 6. The election was November 4. And yet Froman, an executive at Citigroup, which would ultimately become the recipient of the largest bailout from the federal government during the financial crisis, had mapped out virtually the entire Obama cabinet, a month before votes were counted. And according to the Froman/Podesta emails, lists were floating around even before that.

These revelations also reinforce the need for critical scrutiny of Hillary Clinton, and for advocacy to ensure the next transition doesn’t go like the last, at least with respect to the same old Democrats scooping up all the positions of power well in advance.”

In 2016, Michael Froman was the US Trade Representative negotiating the Trans Pacific Partnership, the largest income and political power redistribution scam in world history. Froman was negotiating to export millions of US jobs to third world nations. The difference between the old higher US wages and the new lower third world wages will go straight into the pockets of the wealthy via higher corporate profits, surging share prices and rising dividends. Wall Street banks would be a primary beneficiary at the expense of the 99 percent.

Obama is doing exactly what his Wall Street masters want him to do, just like Wall Street Senator Ron Wyden does. Will Hillary do the same if she is elected?

As an aside, I mention Wyden because he is the Democrat who will lead the charge for the TPP in the US senate on behalf of Wall Street and Nike.

Read Full Post »

Older Posts »

%d bloggers like this: