Posts Tagged ‘Florida’

‘He was a grateful man…just not in a good way.’

The citizens of Florida may have dealt President Trump a death blow to any reelection success when they voted yes to Amendment 4, which restored voting rights to 1.5 million former felons. Naturally, this proved to be a great disturbance within the minds of the Republican Party leadership who prefer to reduce the number of people voting, which enhances their opportunities to win, along with electoral fraud, such as rigging voting machines.

According to Vox, “Black people, who are disproportionately arrested and incarcerated, will benefit the most. In 2016, more than 418,000 black people out of a black voting-age population of more than 2.3 million, or 17.9 percent of potential black voters in Florida, had finished sentences but couldn’t vote due to a felony record, according to the Sentencing Project. (Again, this includes some people convicted of murders and felony sex offenses.)”

Donald Trump won the state of Florida on November 8, 2016, with a plurality of 49.0% of the popular vote that included a 1.2% winning margin over Hillary Clinton, who had 47.8% of the vote.

Amendment 4 might very well turn the presidential election to the Democratic candidate, especially if that candidate is Bernie Sanders, Elizabeth Warren, or Jeff Merkley, all of whom are progressive Democrats, the antithesis of such corporate and Wall Stree Democrats as Hillary Clinton and Ron Wyden.

The final word about the election is that it was not a blue wave. Instead, it was a progressive wave against the corruption of both major political parties by the billionaires and major corporations. This suggests that the end of billionaire rule in the United States may be nearing an end, with the restoration of democracy clearly in sight.

The only thing missing is something to provide a big push, such as a major recession, but that is coming. It is just a question of when.

Once both houses of Congress are restored to the people, only the corrupted US Supreme Court will remain in the hands of the billionaires and their corporations. The corrupted justices (John Roberts, Brent Kavanaugh, Samuel Alito, Neil Gorsuch, and Clarence Thomas) will continue to make rulings against the U.S. Constitution whenever the financial interests of the billionaires run up against it, and whenever the interests of the 99 percent may reduce the continued accumulation of wealth, income and political power on the part of the billionaires, and at the expense of the 99.9 percent.

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The Next Recession and the Next Housing Crisis

Last year, PBS reported that hundreds of thousands of financially distressed Florida homeowners have been compelled to modify their home loans. This entailed getting reducing interest rates, but not reduced home loan principals. Those reduced interest rates have one problem.

They eventually go up–and soon.

Just like teaser rates for subprime mortgages a few years ago, these modified loans are about to blow up at a time when the US economy is hurtling toward the most severe recession since the Great Depression. This financial train wreck will strike somewhere between October 1, 2016 and the end of June 2017. See The Coming Recession: It’s Going to Be a Big One–JohnHively.wordpress.com

This goes to prove the old saying; The more things change, the more they stay the same. But in our case, the saying should be, “The more the economy changes, the worse it gets for us, the 99 percent.”

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Like the rest of the United States middle class, years after the housing bubble burst, residents in the Sunshine State continue to face the heartbreak of home foreclosure. That’s because Wall Street owns both political parties.

click here for the rest of the story

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