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Posts Tagged ‘Democratic Party’

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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globalization
There is a great right-wing Republican conspiracy to rewrite history, And there is a Democratic Party conspiracy to rewrite history. All of this is to misinform us, to divide the 99 percent, making it easier to financially rape us on behalf of the 1 percent.

The first duty of each major political party is to listen to their respective voter bases and tell them what they want to hear in terms of social issues. The second duty of the respective leadership of each political party is to reach relatively secretly across the aisle to each other, and use the levers of government to financially rape and pillage the 99 percent on behalf of the 1 percent.

The Trans Pacific Partnership (TPP), a massive income redistribution scam the political big boys call an international trade agreement is the most recent case in point. The TPP has almost nothing to do with trade.

The leading parasites of the Republican Party want us to believe that fewer governmental regulations and tax cuts for the rich will unleash greater prosperity. And it does, for the rich. The leadership doesn’t want you to know that the big money boys exercise quite a bit of market and political power, and they use this to rape and pillage the rest of us financially.

When this era tax cuts for the rich and fewer regulations began in 1981, the rich went from capturing 8 percent of all the income in the USA to 37 percent today. The US middle class has declined from 61 percent of the population in 1970 to 49 percent today. That’s what occurs when the government redistributes income from the 99 to the 1 percent. But the Republicans are not alone in causing these numbers. Far from it.

The Democratic Party has a different voter constituency than the Republican Party, such as labor unions. So the Democratic leadership has unleashed a rainstorm of misinformation over the last several years about how technology is destroying jobs, thereby creating a job shortage. Economists have been predicting this result for over two hundred years, and they’re still wrong. What we’ve discovered over those 20 decades is that technology creates more jobs than it destroys, but the leadership doesn’t want us to know this.

Think about how the computer industry displaced the typewriter industry and created tens of millions more jobs than the old industry supported. The same thing is also true of the auto industry transplanting the horse and buggy manufacturers. Notice nobody is suggesting that technology is replacing workers in China, Vietnam or Germany, for that matter. To see how this propaganda works, chech out A Review of Robert Reich’s AfterShock–JohnHively.wordpress.com

The news media always falls in line and prints whatever lies the leadership’s present, depending on the biases of the editors, and their advertisers.

The Dems and their allies point to technology as the primary culprit because the leadership has continuously supported exporting tens of millions of US jobs since Democratic President Bill Clinton caved in to Wall Street and signed NAFTA. Wall Street has since prospered, while main street is eviscerated, along with the American dream.

Like the Republican leadership, the Democratic leadership hide their real motives behind patently false propaganda in order to rape us financially. In the meanwhile, both leadership’s will issue proclamations about wars against women, and wars against Christmas, and rally the base around bathrooms for transgender people or wars against guns.

Don’t fall for this propaganda. Instead of remaining divided on social issues, unite on economic issues, like the Trans Pacific Partnership.

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