Feeds:
Posts
Comments

Posts Tagged ‘Hillary Clinton’

Rexnord Corporation is closing its ball bearings plant in Indiana, laying off its 350 workers, and exporting those jobs to Mexico. In addition, as part of its US workers severance package, many of those workers are training their Mexican replacements, who will $3 an hour with no benefits. John Feltner is a machinist earning $25 an hour in the Indianapolis, Indiana plant. He resents having to train his replacement, but he’ll lose his severance package of $5,000 if he refuses.

Most of the difference in pay between US and Mexican workers will go straight into the pockets of wealthy shareholders. Rexnord’s share price peaked at $30.82 in April 2014. It’s been dropping ever since. It hit a low of $14.72 on January 15 2016, rose a tad, and has stayed stagnant since, hovering around $22. No doubt CEO Todd Adams is hoping that exporting jobs to Mexico will increase its bottom line and attract investors to bid up the share price and his compensation. His CEO pay is tied to the share price thanks to legislation signed by then President Bill Clinton.

ceopay2graf
Exporting jobs and CEO pay tied to corporate share price are two of the biggest factors in the widening gulf between the 1 percent and everybody else because they redistribute income and wealth from one group to the other. Currently, six individuals own more wealth than the bottom 50 percent of humanity, while the 1000 richest individuals own more wealth than the bottom 70 percent. Currently, in the USA, the 1 percent steal 35 percent of all income every year, compared to 8 percent in 1980, thanks to their ownership of such politicians as the Clinton’s, Wyden, Mitch McConnell and Orrin Hatch.

John Feltner and his 350 fellow workers lost their jobs thanks to Bill Clinton, who signed legislation deregulating Wall Street, as well putting his signature on the North America Free Trade Agreement (NAFTA. NAFTA was negotiated by Clinton’s representatives with an eye to getting US corporations to export US jobs to Mexico in order to boost their bottom lines. After he left the presidency, Wall Street rewarded the Clinton’s for their service to the tune of tens of millions of dollars. The Clinton’s are still faithful servants of Wall Street in their war against the middle class, such as the workers at the Rexnord plant.

We also can’t forget Democratic Wall Street Senator Ron Wyden has continuously supported redistributing the income of the middle class to billionaires. The Democratic Party is corrupted to the core by big money, though maybe a bit less than the Republican Party. But then again, maybe not.

“The big picture is that American jobs are leaving this country to exploit cheap labor,” Feltner said. “When you start taking away the middle class, what do you have left?”

This is the sentiment that President Donald Trump played to so effectively during the 2016 presidential campaign. It spoke to John Feltner somewhere down deep.”

“He’d been a loyal union man for years, been raised on the notion Democrats were the party of the working man and made calls for Democrats from union phone banks. But after the trade agreements that Bill Clinton and Barack Obama signed, and after Trump spoke to the plight of workers at places such as Carrier, John Feltner broke ranks.

With the layoff fresh on his mind, he cast his November vote for Trump. He says most of his rank-and-file union members did the same.”

And what were those workers supposed to do? Support Hillary Clinton who aspired to export millions of US jobs to China via the Trans Pacific Partnership (TPP), which was being negotiated on behalf of Wall Street by then President Barack Obama?

Feltner and his fellow employees don’t know what they’re going to do once their jobs are gone. Thank you Bill Clinton. Thank you Barack Obama.

For more on this story, click the following link, Rexnord’s Indiana Plant Exported to Mexico–USA Today

Read Full Post »

20150224_problemThe financial collapse of 2008 was the worst recession since the Great Depression. Give President Obama and his administration credit for saving the economy from the depredations of Wall Street despite massive Republic resistance to resuscitating it, which they did solely for political gain. However, this historically weak recovery masks a startling reality.

Only one perpetrator of Wall Street crimes was ever brought to justice, and he wasn’t a big figure in the massive corruption going on. In March 2009, Obama met with Wall Street leaders and said, “I stand between you and the pitchforks. I am on your side and I will protect you.”

Only one banker from that era was prosecuted. That was Bernie Madoff, and the only reason he was carted off to prison was because he stole from rich people. And not one other Wall Street criminal executive went to jail after stealing billions via fraud, money laundering of Mexican drug cartel profits, and numerous other crimes. Many became his financial advisers, which meant Obama pursued policies to redistribute income from the 99 to the 1 percent for eight long years.

At all times, Obama refused to bite the hand that funded his past, present and future, as well as funding much of the Republican and Democratic Parties. In other words, Obama was largely, if not completely, in the back pocket of Wall Street as were President Bill Clinton, both President’s Bush, Ronald Reagan, Hillary Clinton, Mitt Romney, Wall Street Senator’s Ron Wyden, Mitch McConnell and Orrin Hatch.

Obama operated in a cesspool corruption. He was part of the problem, not the solution.

Read Full Post »

15541564_1238908286191378_4343818985591253365_n

The results of the Wisconsin presidential election recount came in last week. Trump gained 126 votes. That suggests Russian hacking didn’t play any role in the outcome of the election. Clinton lost because she was a candidate of Wall Street.

True, Wikileaks may have gotten information from the Russians after they hacked Clinton’s unsecured private email server when she was US Secretary of State, and which included the transmission of top secret documents. True Wikileaks leaked damaging information about Clinton, but Clinton did the damage by using a private rather than the secured government server. In other words, Clinton’s political wounds were self-inflicted.

In addition, a new poll shows that 67 percent of Democrats don’t want Clinton to run again. They’ve had enough of the Wall Street crowd.

15590361_1242603982488475_3228134197991541352_n

Read Full Post »

5806cf40a3f6d-image

Trump officials and supporters have filed a lawsuit in Michigan seeking to halt a recount effort spearheaded by Green Party candidate Jill Stein. Why are they so scared?

On Friday morning, Michigan Attorney General Bill Schuette filed a lawsuit to stop the recount there, a move that came hours after Trump attorneys had filed a complaint to block the proceedings.

The US electoral system has been under siege for centuries. That’s right! Two centuries of electoral and voter fraud have undermined the integrity of US elections. This fraud has most likely gotten worse with the adoption of easily hacked computerized voting.

exit_poll_cartoon

Ohio in 2004 was a notable example, but the US voting system was awash with scandal in 2000 and 2004. Donald Trump is the first Republican candidate to become president without electoral fraud in 28 years. So why is he so afraid?

Considering Trump has proclaimed millions of illegal people voted in this election, and that he wasn’t going to accept defeat if he lost the election to Hillary Clinton because of alleged rampant voter fraud, you’d think Trump would welcome a recount to see if the system really needed cleaning. You’d think President-elect Trump would want to clean up this alleged mess, rather than avoid it.

Stein filed the papers and paid the millions to proceed with recounts in Wisconsin, Michigan and Pennsylvania. Trump narrowly won those states, and his wins stopped Clinton in her presidential tracks.

Some of the polls in those states had Clinton winning, and some had Trump winning in the days just before the election.

You would think President-elect Trump and his supporters would be happy to ensure he won the presidency legitimately. Of course, exit polls showed a tight race in Michigan, and Clinton ahead in Wisconsin and Pennsylvania. So if just a few thousand votes were made for Clinton, but changed to Trump via hacking, and the same held true for the three states being challenged, then that means Donald Trump is not the president-elect.

Read Full Post »

Goldman Sachs InvestigationWhat are the most stark differences between the administration of President Obama and the incoming president Donald Trump?

Wall Street’s Citigroup runs the white house under Obama, and would likely have done so under Hillary Clinton. Under Trump, Citigroup is out and Goldman Sachs is in. What a difference! Wall Street elites are still going to be determining US economic policy, which primarily consists of plots to redistribute income and wealth from the 99 to the 1 percent.

000-0923180345-goldman-sachs-cartoon-taxpayer

In other words, under Trump hope and change sound a lot like the same old failed policies Wall Street has been using to weaken the US economy by killing the middle class.

Wall Street powerhouse Citigroup played a powerful role in shaping Obama’s economic agenda, which meant pushing the Trans-Pacific Partnership, which would’ve lead to the exporting of millions of US jobs.

Michael Froman, now Obama’s U.S. trade representative, was an executive at Citigroup. On October 6 2008, he wrote an email to John Podesta, then co-chair of Obama’s transition team. The subject was “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.

In other words, Wall Street was calling all the shots in the Obama administration.

President-elect Trump so far has tapped former Goldman Sachs Group Inc. executive Steven Mnuchin (a co-investor with hedge fund billionaire George Soros) to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. Trump even met with Goldman Sachs President Gary Cohn inside Trump Tower this week.

In the days following these announcements, shares of all the big Wall Street firms climbed, with Goldman Sachs rising more than 3 percent by noon in New York.

So it appears Goldman Sachs and billionaire investors other than Citigroup are going to be running the show in the White House. Now that’s not a whole lot of change.

Below is a Trump presidential advertisement that blamed Wall Street for wrecking havoc with the US economy, and now he has embraced everything they have stood for.

Read Full Post »

hamid-karzai-afghanistan-election-fraud

The US government is possibly the most corrupt among the major industrialized nations, and probably more corrupt than many third world nations. This is because there is little difference between the Democratic and Republican Parties, and the rich people who manipulate them like puppets. So, quite naturally, one can be suspicious of US election results at just about any level of government. And yet the leaders of both parties want us to believe such corruption does not dirty our elections. They’re wrong.

So now Donald Trump must go through the agony of recounts in three states: Wisconsin, Michigan and Pennsylvania. This recount effort is spearheaded by Green Party candidate Jill Stein, but the Clinton camp has decided to help ensure the accuracy of the recounts.

Exit polls showed Clinton winning all three states. Clinton, by the way, may not have defeated Bernie Sanders in the Democratic primary without the use of electoral fraud; her wins in Arizona and New York come readily to mind.

Donald Trump, who told us of such election fraud, is not happy about these recounts. No Republican has become US president without a high degree of electoral fraud during the last 28 years. George W. Bush became president in 2000 with the use of voter suppression, and a number of other dubious tricks. His win over challenger John Kerry in 2004 was filled with corruption.

jill_stein_6905660

The reports of corruption in 2004 were especially dramatic in Ohio, the critical battleground state that clinched Bush’s victory in the electoral college. Officials there purged 190.000 Democratic voters from the rolls between the primary and the general election and didn’t notify any of the voters.

Ohio officials also failed to process registration cards generated by Democratic voter drives, shortchanged Democratic precincts when they allocated voting machines and illegally derailed a recount that could have given Kerry the presidency.

A precinct in an evangelical church in Miami County recorded an impossibly high turnout of ninety-eight percent, while a polling place in inner-city Cleveland recorded an equally impossible turnout of only seven percent. In Warren County, GOP election officials even invented a nonexistent terrorist threat to bar the media from monitoring the official vote count.

There were serious problems throughout the nation on November 2, 2004. What is most glaring about the irregularities in 2004 was their decidedly partisan bent: Almost without exception they hurt John Kerry and benefited George Bush.

So bring on the recount. Besides, what does Donald Trump have to fear?

Read Full Post »

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.”

Read Full Post »

Older Posts »