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Posts Tagged ‘Donald Trump’

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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On behalf of the Wall Street Democratic Party, hundreds of thousands of people have called for the impeachment of President Donald Trump, and some of them called for impeachment even before he was sworn into office. Here’s what I think of them; Sore losers and misguided Wall Street pawns being used by the Wall Street Democratic Gold Plated Leadership.

The Democratic Party abandoned working people decades ago.

Several thousand of us fought on the front lines in the battles against the massive income redistribution scam promoted by a Democratic president and called the Trans-Pacific Partnership. This scam would have exported millions of jobs and redistributed trillions of dollars of income from the 99 to the 1 percent while most of those now calling for Trump’s impeachment stood on the sidelines and shouted hooray for their team on social issues.

For the past 40 years, the Democratic Party as a national organization has systematically abandoned its historic representation of the working class in favor of a wholesale embrace of Wall Street’s and other corporate principles that squash workers’ representation at all levels of political and workplace engagement, and enhance the power of the wealthy few to govern all aspects of our lives.

It was a Democratic president supported by the Republican Party who unleashed Wall Street by signing legislation repealing Glass-Steagal, legislation which had forced a separation of commercial and investment banking and had protected the US economy for sixty years.

It was a Democratic president supported by the Republican Party who signed the Telecommunications Act which allowed the monopolization of the supposed news you receive. Nowadays, six major corporations control 90 percent of the supposed news we absorb, and much of it is Republican and Democratic Party propaganda.

It was a Democratic president who signed a free trade pact that allowed Mexico to officially swallow almost two million US jobs, and most likely much more. The difference between the old US wages and the new lower Mexican wages goes straight into the pockets of the already super-rich via higher corporate profits, surging dividends, and rising share prices. This is called income redistribution. Thank you, Bill and Hillary!

It was a Wall Street Democratic president (with Republican support) who acquiesced to demands to gut welfare programs that had for decades helped workers build their lives without an ax of abject poverty constantly hanging over their heads.

Wall Street Democrats watched (and frequently voted for) the gutting of pensions, the wars we were lied into which resulted in the deaths of hundreds of thousands of human beings, the ability of the executive branch to assassinate US citizens without trial, the militarization of police, the fall of worker wages and skyrocketing compensation for the wealthy, the deregulation of Wall Street, and the ongoing privatization of public education. In effect, Wall Street Democrats such as Ron Wyden, Bill and Hillary Clinton, and Barack Obama led the charge to create the still growing massive income and wealth inequality we experience today, as well as override the US Constitution in the process.

Eric Ethington, writing the Salt Lake City Tribune, perhaps said it best.

“The idea that Trump is somehow unique, or distinctly worse than other conservatives in his policies is laughable. If Trump were to be impeached today, the same agenda would continue rolling forward without a moment’s pause, because for all the posturing of House Speaker Paul Ryan, or Sen. Orrin Hatch or Rep. Mia Love, the ideas Trump is pushing is exactly what they have been advocating for years — albeit with much more disguised and sophisticated rhetoric. The only difference seems to be the more overtly authoritarian, racist and sexist rhetoric Trump uses and the boneheaded clumsiness of his incompetent staff.”

“What good is getting rid of one bombastic fool if there’s no legitimate voice of the workers to step in? Pretending everything was fine before Trump is lunacy.”

Stop allowing yourself to be mad at Trump. We all know the Republican Party is the party of the rich folks, and nothing has changed with Trump at its helm. The real enemy of the people is the Democratic leadership which fought tooth and nail to ensure Bernie Sanders, the people’s representative, did not get the Democratic Party presidential nomination in 2016, so that the Wall Street representative named Hillary Clinton would.

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The entire Republican Party (Think John Boehner, Mitch McConnell, Donald Trump) and nine-tenths of the Democratic Party (Think Hillary and Bill and Ron Wyden) managing the US federal government have been committed to redistributing trillions of dollars of income and wealth from the 99 to the 1 percent. The result has been wonderful for people who are already rich, and pretty much own the politicians of both major political parties as they do dogs on leashes. This has been devastating to those whose incomes and wealth have been redistributed to the rich and powerful leash holders.

According to AARP Bulletin, “Older Americans are selling their prescription painkillers to drug dealers to raise needed cash.”

Written by Joe Eaton, the story begins with “Over a span of about two years, Ajellon Dedeaux, a 29-year-old drug dealer, sold thousands of prescription painkillers on the illicit drug market near Sacramento, California. Finding customers was easy. The hard part was finding a supply of pills. A reliable source?

“Older people,” Dedeaux said in an email sent from a federal prison in Arizona. Dedeaux is serving twelve years for drug dealing.

According to Eaton, “Some (Retired Americans) sell their pills due to a financial crisis or to make ends meet.”

Retired Americans are forced to do this due to poverty and they also find it easy to gain prescriptions from doctors. Of course, if their insurance covers most of the cost of the pills, they can and are forced to illegally sell the painkillers to drug dealers.

“If they discover they can make $20 a pill on the street, then it becomes a temptation to supplement their income,” said Charlie Chichon, executive director of the Ntional Association of Drug Diversion Investigators.

According to convicted drug dealer Austin Serb, “A patient who is prescribed three pills a day can make up to $3600 a month,” which may be far more than many retired people receive from Social Security, 401Ks, IRAs, and pensions.

Of course, this is one of the side effects of ensuring that 36 percent of the yearly income produced in the United States goes to the 1 percent, up from 8 percent in 1980. Wall Street Senator Ron Wyden is most likely the biggest scam artist in Washington D.C. Wyden pretends to support seniors while voting to exports tens of millions of jobs overseas, including pensions.

When Social Security can easily be strengthened with expanded payments to seniors, simply by eliminating the cap currently at $127,200, Wall Street Senator Ron Wyden continues his cozy relationship with rich Wall Street folks, which is why he has always made certain to do nothing but keep exporting our tax paying jobs overseas. Wyden’s Wall Street masters do not want the cap eliminated. One of Wyden’s favorite ploys is to pretend he cares about seniors while gutting programs that help them, like exporting jobs overseas by the millions and thereby redistributing payments to social security by the millions to the uber rich whom he supports.

Click here for the story from Eaton.

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Dozens of scientists on the U.S. Environmental Protection Agency’s (EPA) Board of Scientific Counselors and board subcommittees have been informed that they will not be renewed for their roles advising the agency, the Washington Post reported.

The move, which would dismiss 38 of the 49 remaining subcommittee members, “effectively wipes out [the board] and leaves it free for a complete reappointment,” board executive committee chair Deborah Swackhamer told the Post. Representatives of corporate polluters and climate change deniers will likely be appointed to take their place.

Global warming denier Scott Pruitt heads the EPA. He is a staunch supporter of corporations right to pollute. He has always chosen corporate profits over the lives and health of US citizens. He’s also a keen supporter of exterminating the unborn in the womb via pollution, but only if corporate profits can be had in the process. This means the unborn are no better than number two on his list of important corporate objectives like ever increasing profits.

Advisory board members aren’t the only ones facing the end of their time at EPA: the agency also announced Tuesday plans to buy out more than 1,200 employees this summer.

This signals a troubling attitude toward the EPA’s scientific work, according to Ken Kimmell, president of the Union of Concerned Scientists.

“By sacking dozens of scientific counselors, Pruitt (and by extension President Trump who appointed Pruitt to the post) is showing that he doesn’t value scientific input and the benefits it offers the public,” Kimmell said.

“The administrator has an important job to do, and this includes listening to the best independent science and to make decisions that protect our health, our safety and our environment. Instead, he’s delaying important public protections, denying the facts of climate change, and now, dismissing expert researchers who could help EPA do its best work. It’s appalling to see an administrator so directly attack the effectiveness of his own agency.”

Pruitt’s real job as EPA Administrator is to ensure corporate polluters can pollute even more regardless of the effects of this pollution on the citizens of the United States.

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In a little reported news story, the Standing Rock Sioux Tribe won a significant victory June 14 in its fight to protect the Tribe’s drinking water and ancestral lands from the Dakota Access pipeline.

A federal judge ruled that the federal permits authorizing the pipeline to cross the Missouri River just upstream of the Standing Rock reservation, which were hastily issued by the Trump administration just days after the inauguration, violated the law in certain critical respects.

In a 91-page decision, Judge James Boasberg wrote, “the Court agrees that [the Corps] did not adequately consider the impacts of an oil spill on fishing rights, hunting rights, or environmental justice, or the degree to which the pipeline’s effects are likely to be highly controversial.” The Court did not determine whether pipeline operations should be shut off and has requested additional briefing on the subject and a status conference next week.

“This is a major victory for the Tribe and we commend the courts for upholding the law and doing the right thing,” said Standing Rock Sioux Chairman Dave Archambault II in a recent statement. “The previous administration painstakingly considered the impacts of this pipeline, and President Trump hastily dismissed these careful environmental considerations in favor of political and personal interests. We applaud the courts for protecting our laws and regulations from undue political influence and will ask the Court to shut down pipeline operations immediately.”

The Tribe’s inspiring and courageous fight has attracted international attention and drawn the support of hundreds of tribes from around the nation. However, this is a win for all Americans against the insatiable greed of the big corporations and Wall Street investment firms.

The $3.8 billion pipeline project, also known as Bakken Oil Pipeline, extends 1,168 miles across North Dakota, South Dakota, Iowa, and Illinois, crossing through communities, farms, tribal land, sensitive natural areas and wildlife habitat. The pipeline would carry up to 570,000 barrels a day of crude oil from the Bakken oil fields in North Dakota to Illinois where it links with another pipeline that will transport the oil to terminals and refineries along the Gulf of Mexico.

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Supporters of the H1-B Visa program continuously tell us of the need for it because of a severe shortage of high-tech employees in the United States. This, of course, is not and has never been true. The program has been used by US corporations to lower the wages and benefits they pay to their employees by switching out US workers for foreign labor. That’s it in a nutshell.

Lowes Home Improvement provides us with the latest example of how the visa scam works. On June 7, 2017, the Charlotte Observer reported that Lowes was laying off 125 of its US high-tech workers, and is sending those jobs to Bangalore India. That means we have another 125 skilled and experienced US high-tech workers to fill jobs anyplace in the states. See Lowes Lays of High-Tech Workers–Charlotte Observer

Actually, the US has hundreds of thousands of highly skilled US high-tech workers who cannot find jobs because corporations have outsourced hundreds of thousands of high-tech jobs using H1-B visa workers, or simply brought in hundreds of thousands of H1-B workers. That’s because US companies can bring in 85,000 foreign workers every year under the subterfuge of the H1-B visa.

“Bangalore has been described as the “Silicon Valley of India.” Other major corporations have a growing presence in the IT hub, including Oracle, Dell, IBM and GE, according to a recent Wired story. Another is Wipro, an outsourcing firm used by Observer parent McClatchy,” according to the Observer.

US high-tech workers have experienced numerous layoffs over the last several years because their jobs were exported, or taken by H1-B Visa workers. Some of the employers exporting high-tech jobs include Disney, Intel, Nike, Oracle, Microsoft, Google, Dell, IBM, General Electric, the University of California at San Francisco, Eversource Energy, Abbott Laboratories, PG and E, and many more. That’s thousands of US high-tech workers who have been replaced. Where is this shortage of US high-tech workers? It isn’t in the USA.

The typical American high-tech worker earns considerably more than foreign H1-B workers. According to the New York Times, US businesses only need to pay the minimum of $60,000 a year to its H1-B workers, and they often don’t get any sort of benefits package.

The H1-B visa scam works like this. A US company will hire H1-B Visa folks through a third party. Then American high-tech workers will train their H1-B replacements. Then the H1-B visa worker will either stay in the US or work in say, India, meaning the job has been exported via the H1-B program. The H1-B Visa is only good for three years, so if US jobs are exported using H1-B workers, after three years, the job is no longer governed by H1-B Visa rules. Then the foreign employee can work for quite a bit less than the $60,000 minimum in India or wherever.

The difference in pay and other compensation between the higher compensated US workers and the lower paid foreign and H1-B visa workers is redistributed to the super rich via higher corporate earnings, rising share prices, and surging dividends. The H1-B visa is an income transfer scam, plain and simple. It is time to eliminate this disaster for US high-tech workers.

The Trump Administration claims it is preparing to propose changes to the system that will benefit US workers over Wall Street investors, but we will see.

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According to EcoWatch.com, California leads the way on clean energy, “but energy efficiency and renewables are gaining major ground across the country, a new ranking of states and cities shows. Six states now get at least a fifth of their power from non-hydro renewable sources such as wind and solar power, which is further confirmation that regardless of the Trump administration’s efforts to promote fossil-fuel interests” on behalf of Koch Industries, “clean energy is making undeniable inroads.”

San Francisco, San Jose, Washington, DC, San Diego and Portland, Oregon, top the cities ranking, based on criteria including green buildings and transportation. “There are no weak spots in the City by the Bay’s performance,” the report said, highlighting San Francisco’s strong adoption of clean vehicles and an increased commitment to measuring, reporting and reducing greenhouse gas emissions. Washington rose two spots in the ranking this year in part on the strength of its building stock and public transit ridership.

The adoption of clean energy across the U.S. is a trend that supersedes politics. The top 10 list for renewable electricity generation as a share of the total is split evenly between red states and blue states, with Iowa showing large gains in wind since 2009 and Nevada adding geothermal power.

Overall, wind and solar accounted for 61 percent of new electric capacity in 2016.

See US Clean Tech Leadership Index

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