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Posts Tagged ‘Democratic Party’

“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

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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.

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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.”

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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.

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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.

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income-inequality

 

Originally published in September 2016.

The next recession will hit sometime during the next twelve months, most likely by June of 2017, give or take a month or two. It will be worse than the last one, and the impacts of it will last longer than the Great Recession of 2007-2009. The effects of that recession are still being felt. Median household income, for example, is still below what it was in 2007. That is one of the reasons why the next recession will be worse than the last.

99 percent of all US income growth from 2009 to 2014 went to the top 1 percent. They invest their money in the bond, stock and political markets. This does not create demand for goods and services. It destroys that demand by using financial and political leverage to export US jobs to low wage countries.

So all of this means that roughly 23 to 36 percent of all income produced in the United States has been stolen by the 1 percent, depending on whose figures you’re using. This inequality is destroying the demand for goods and services. Back in 1980, the 1 percent were able to steal only 8 percent of all US income. That’s why job and wage growth was much greater then than now.

Nowadays, the 99 percent earn roughly 62 to 77 percent of all income, down from 92 percent in 1980. This means demand for goods and services will be weak, much weaker, in fact, during the next recession than might be imagined.

The current economic expansion is the weakest in modern US history because of that lack of demand. It’s also been illegally contrived.

Home mortgage applications

The big banks withheld 3.4 million homes from the market by 2011. This is a violation of a variety of US laws, and is called a conspiracy in restraint of trade. As you can tell from the graph above, demand for home mortgages have been historically low compared to the last housing bubble, yet prices continue to bounce up because that 3.4 million homes represented more than 50 percent of the entire available housing stock, according to Bloomberg news. Click the following link for the Bloomberg report $382B Shadow Inventory Weighs on U.S. Housing-Bloomberg News.

This has driven home builders to construct more homes in the USA, and panicked people into purchasing overpriced homes that the banks illegally benefit from. This illegal housing bubble is what has powered this economy forward, and also to its doom.

The above suggests a few ominous things.

  1. The big banks can’t take many more houses off the market during and after the next recession, leaving them unable to create another housing bubble sufficient to power the next economic expansion forward.
  2. Earning 63 to 78 percent of total US income will not allow the 99 percent sufficient financial strength to power the US out of the recession.
  3. Instead, people who have borrowed against the rising value of their homes and used credit cards to sustain their standard of living will be trying to dig out of their debt.
  4. The value of housing will drop, as it always has done during recessions. This time the drop could be 30 to 50 percent in many areas. Maybe 60 percent.
  5. Deflation, caused by a lack of demand, will likely happen.
  6. Expect negative interest rates.
  7. The stock markets will fall more than they did last time. Expect major stock indices like the S&P 500 and the Dow to plummet 50 to 90 percent.
  8. The Federal Reserve will bail out the big banks and rich investors to the tune of tens of trillions of dollars, like during the last recession. But the Fed won’t bail out the 99 percent.
  9. The government must bail out the rich, or the 99 percent, but it can’t bail out both. The politicians will chose to bail out the rich, just like last time.
  10. Unemployment will be in double figures at some point, and perhaps for a long time.
  11. A political revolution will likely be forced into place at some point to replace the current corrupt government, and the corrupt politicians of the Republican and Democratic Parties.

As a final note, it should be pointed out that very few news sources have reported the housing conspiracy. No politician of note has mentioned it to my knowledge. This suggests something ominous, and this is only a suggestion.

It is possible the CEOs of the big banks gathered together, either in person or electronically, with Republican Party, Democratic Party and Federal Reserve officials, to conspire to engineer this housing bubble in order to power this historically weak economic expansion, and to make certain they wouldn’t face federal charges in doing so.

Now this is just a suspicion, so don’t get all heated up. But since the government has made it a point not to do enforce US laws against drug money laundering and other criminal activities on the part of the bankers, it might also be reasonable to assume this housing bubble has been created with a nod and a wink from the politically powerful.

When this recession begins, there will be virtually nothing to power us out of it except a political revolution of some kind. We’ll need a new FDR. Are you listening Senator Warren?

 

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GMO labeling

Monsanto President Barack Obama is expected to sign the DARK Act (Deny Americans the Right to Know Act) this week. Democratic and Republican politicians voted this piece of legislative cover up through both the US house and senate this past week. This is a GMO labeling law that effectively makes it impossible to determine if a product has GMO poison in it without scanning every package.

The reason Wall Street Democrats like Obama and Wall Street Republicans want to protect the GMO industry, and allow it to continue poisoning US citizens is real simple. GMO crops are filled with pesticides and herbicides, making them less labor intensive, and therefore cheaper than non-GMO crops. Much of the milk you drink, the meat you eat, the corn and soy you snarf down, are all loaded with GMOs.

If GMOs in the USA were not part of the human food chain, the price of food would go up considerably and all across the board. The primary economic policy of both major political parties is to consistently redistribute income from the 99 to the 1 percent, which is exemplified by the looming Trans Pacific Partnership, the largest international income redistribution agreement in US history, which is falsely being marketed by its supporters as a trade agreement.

In order to keep you eating and buying cheap plastic crap made in China, given the ever increasing inequality of income devised by both major political parties running the country, your political leaders and the rest of the 1 percent have decided they would rather feed you poison than give you a pay raise to purchase higher costing but healthy food. If they didn’t feed you poison, and then lie about your food’s toxicity, there’d probably be significant internal unrest in the USA.

In other words, GMO poison is supported by the government to keep people from rioting over the high cost of food as their income is repeatedly redistributed to the 1 percent. Such unrest might lead to a dramatic overhaul of the politicians representing the people, and people would be elected that don’t support the continuous redistribution of income from the 99 to the 1 percent. These new politicians might even want to reverse that 35 year old trend of the government redistributing your income to the 1 percent.

As for how poisonous GMOs are, take a look at the photo below. Those are rats fed GMO’s and they began getting those monstrous tumors after eating only GMO poisoned food for a mere three months. That’s what you get for eating herbicides and pesticides. For more information, click Vermont’s GMO Labeling Law About to Go Into Effect–JohnHIvely.wordpress.com

Just imagine, President Obama and the Republican Party leadership continue to claim GMOs are safe, but they know there are plenty of studies showing how unsafe they are.

As for how those rats got to look like that, and to understand the absolute corruption that the billionaires in the US will go to in order to ensure you continue to eat poison, see Professor Seralini’s-team-wins-defamation-and-forgery-court-cases-on-gmo-and-pesticide-research

rats-gmo-group

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