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Posts Tagged ‘Gerald Ford’

Bernie Sanders Wall Street

On Tuesday, Bernie Sanders lost the California primary, as well as a few other states. On Thursday, Sanders gave somewhat weak signals that he is ready to support the Democratic Wall Street candidate. Bernie told reporters after meeting with Wall Street President Barack Obama at the White House that he will ally himself with Hillary Clinton in the fight against Donald Trump.

Regardless, Bernie Sanders has built a grassroots movement that can and will only get bigger. There’s a hurricane of a recession coming down the pike, with gale force winds. It’s going to be worse than the last recession because the economic policies the US government has been following for the last thirty-five years, and the last eight, have redistributed income and wealth from the 99 to the 1 percent, curtailing the demand for goods and services. See The Coming Recession: It’s Going to Be a Big One

Currently, the 1 percent steal 37 percent of all the income produced in the United States, compared to 8 percent in 1980. That means the 99 percent has less money to burn.

The current political and economic situation looks a lot like 1928. Then came the Great Depression storm, and then came President Franklin Delano Roosevelt, and the New Deal. In 1976, Gerald Ford defeated Ronald Reagan for the Republican presidential nomination. Four years later, after successfully negotiating with the Iranian government to keep the American embassy hostages until after the election, Reagan ushered in the modern tyranny of the 1 percent with Reaganomics when he became president. See Argo Helps Iran’s Dictatorship Harms Democracy–The Christian Science Monitor.

That era is about to end.

This coming recession means the next president is likely going to be a one term president.

Then it’ll be our turn. Bernie is 74 years old, and highly unlikely to run for president again. That means our political revolution against the 1 percent will sprout fruit most likely in the form of progressive majorities in the US house and senate, as well as the next US president. That could be Elizabeth Warren.

So while Bernie lost the Democratic primary election, he planted and cultivated a people’s movement to reclaim our democracy and take it back from the plutocrats of the 1 percent, such as Wall Street Senator Ron Wyden.

Our time is coming. Don’t give up. This Democratic primary fight was just the first round. Plenty of billionaires want you to give up, especially since we are on the verge of winning.

Think about the late Muhammad Ali. He didn’t give up against the most powerful government in the world when he refused induction into the US military because of his religious beliefs. It took some time, but he won! We will too!

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President Obama is hardly the worst president in history. He’s had some fine accomplishments, but some of us were dismayed at the president for allowing Wall Street executives to get away Scot free from their massive crimes such as mortgage fraud and money laundering for the Mexican drug cartels, but he did rely on these people for campaign cash. This is the first president in any US financial crisis who directed his justice department not to go after a single one of the alleged criminals. That just shows how corrupt the US government is nowadays, and Obama is a product of his times.

The scorched earth politics of the Republican opposition left millions of people in poverty, and they were led by Mitch McConnell and John Boehner, and they did this all for the political gain of the part of the 0.01 percent the Republicans represent. The Republican Party is the greatest example of corruption in modern American history, but the Democratic party is close behind.

Some of us were sorely disappointed than insurance executives were the creators of Obamacare, and no public option was included in the program.

Some of us were dismayed that 95 percent of all US income growth under Obama went to the 1 percent year after year after year, and the president did nothing about that. But this benefited Wall Street and the 1 percent.

Some of us were disgusted the president continued to press for policies that increased income and wealth inequality, such as the Trans Pacific Partnership, the South Korea Free Trade Treaty, and Common Core. Again, this benefited Wall Street and the 1 percent.

As US Senator Elizabeth Warren said about Obama and his economic team, “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over.”

The next recession will be worse than the last, especially for the 99 percent. The economy recovered in an anemic fashion, with demand terribly low because of the inequality of income brought about by federal legislation. In 2008, this nation needed a strong leader, a new FDR, and we instead elected the best candidate either major political party was willing to nominate; we got a Wall Street drone.

We are currently in one of the most politically corrupt times in US history. Money has saturated the political and court markets. The Reagan tax cuts began the corruption. The corporate wing of the US Supreme court was the first serious victim of this corruption.

The truth is that the two major political parties are controlled by different factions of the 1 percent, although some of the factions play roles in the political direction of both parties, such as Goldman Sachs. The two parties divide the American people via social issues, and then the two unite to redistribute the income of the 99 percent to the 1 percent via legislation and free trade treaties.

President Obama is a product of his times. Despite that, and despite vicious opposition from the Republican Party that left millions more in poverty simply for political gain, history will likely remember the president more fondly than either of the Bush presidents, President Ford and possibly President Nixon, as well. However, it is possible he will land in the bottom ten worst presidents of all time. Among modern presidents, since say Teddy Roosevelt, Obama will definitely rank right there above Warren Harding, and very few others, so that in my list of the bottom ten president’s since Teddy Roosevelt, Obama rates among the not so bad, definitely not good category.

The Great Presidents

1. Franklin Roosevelt
2. Harry Truman
3. Teddy Roosevelt
4. Lyndon Johnson
5. Dwight Eisenhower
6. Woodrow Wilson
7. Jimmy Carter
8. Gerald Ford
9. William Howard Taft
10. John Kennedy

The corrupt presidents

11. Ronald Reagan
12. Calvin Coolidge
13. Bill Clinton
14. Richard Nixon
15. Bill Clinton
16. Barack Obama
17. George H. W. Bush
18. Warren Harding
19. George W. Bush
20. Herbert Hoover

Notice those who are the worst president’s were also president’s during the times when the federal government was the most corrupted, the 1920s, and the era from 1981 to the current era.

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