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Posts Tagged ‘Hillary Clinton’

The Wall Street Democratic National Committee (DNC), arch supporters of the presidential candidate of Wall Street, Hillary Rodham Clinton, want us to believe their lie that automation killed US manufacturing and created greater income and wealth inequality over the last thirty-five years. They don’t want us to believe US corporations have exported millions of jobs because of Bill Clinton’s trade treaties like NAFTA. Hillary, being a good Wall Street pawn, supported income redistribution scams like Nafta and the Trans Pacific Partnership. These Wall Street DNC folks even have people trolling the web looking for stories with Hillary Clinton tags showing automation did not kill millions upon millions of manufacturing jobs, and that they’ve been instead exported to China, Vietnam, Mexico and elsewhere.

The trolls are reading from the same basic script. It goes something like this; “I worked in high tech for (take your pick – 30, 35, 40) years and I witnessed whole categories of jobs being eliminated through automation. Automation has created joblessness and income inequality, not trade treaties. You progressives are all the same. You don’t know what you’re talking about. You need to get your facts straight!”

First of all, there is not a shred of evidence that automation causes joblessness or inequality because advances in technology tend to create more jobs than it displaces. For example, the computer industry wiped out the typewriter industry and created tens of millions more jobs in the process than the old typewriter industry ever created. As a 2017 study from the Economic Policy Institute points out, “Yes, automation has led to job displacements in particular occupations and industries in the past, but there is no basis for claiming that automation has led—or will lead—to increased joblessness, unemployment, or wage stagnation overall.”

Trade treaties are the primary cause of the growth in income and wealth inequality in the United States and throughout the world. This is a no-brainer: When jobs are exported the difference between the old higher US wages and benefits and the new lower Mexican, Chinese and Vietnamese wages go into the already fat wallets of the super rich via higher corporate profits, surging dividends, and soaring share prices. So yes, since Hillary supports trade treaties, she also clearly supports redistributing income from the 99 to the 1 percent.

So Hillary wrote a new book that blames Bernie Sanders for her presidential defeat to Donald Trump, and her trolls are roaming around the Internet advancing her cause with lies, half-truths, and distortions. This suggests Hillary may be getting ready for another run at the presidency. It also suggests the Wall Street Democratic National Committee is behind her possible candidacy.

In 2020, she’ll be the wrong candidate at the wrong time for 99 percent of the people of this nation. We’re heading into an already overdue recession that should be worse than the last one in many respects. Unemployment, for example, will likely be higher than last time. We need a champion of the people, such as Bernie Sanders, Sherrod Brown, Jeff Merkley, or Elizabeth Warren. The last thing the people of the United States will need in 2020 is another brown-nosing Wall Street pawn in the White House.

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Hillary Clinton’s new book, What Happened shows she is completely out of touch with reality and voter’s anxieties over the economic policies that have redistributed trillions of dollars from the 99 to the 1 percent. These policies were championed by her, former President Bill Clinton, former President Barack Obama, former President George W. Bush, and a host of other Republicans and Democrats, such as Mitch McConnell, John Boehner, and Wall Street’s favorite brown-noser, Wall Street Senator Ron Wyden.

In her book, Clinton blames Bernie Sanders for her defeat in the presidential election. She claims Sanders candidacy split the progressive vote. Hogwash! Hillary lost the presidential election because she is a gold plated pawn of Wall Street. Voters were tired of their jobs and tax dollars being exported to Mexico, China, and Vietnam. Clinton supported the policies that did this. Wall Street loved her support for these policies.

The CEOs of Wall Street, other major corporations, and billionaire investors rewarded her and her husband with $150 million in speaking fees from 2001 to 2016, at $225,000 a pop. Progressive voters knew that yes big money had gotten her to change her mind on legislation cutting back on the abilities of working folks to declare bankruptcy on behalf of the big banks who had purchased her lock, stock and barrel (See video above). Progressives knew the mind boggling millions of jobs that would have been exported from the United States to China with the Trans Pacific Partnership, which she called the “gold plated standard” for trade agreements. Then, of course, there was her support as Secretary of State for the coup that overthrew the lawful government of Honduras and resulted in the death of hundreds. You could go on and on about why progressives could not and would not support Candidate Clinton, but you cannot blame Bernie Sanders.

Hillary is completely out of touch with reality, but the book suggests she might want to run for president again.

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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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The activist corporate conservative justices have reinterpreted the US Constitution over the decades giving corporations all the legal rights and none of the responsibilities of real people, and then giving corporations free speech rights, which has then been used to roll back 100 years of campaign finance spending laws.

These conservative justices are not and never have been original intent jurists, as they claim. If anybody tells you the US Constitution is not a legal contract that is open to reinterpretation in a manner inconsistent with the desires of the founding fathers, they are wrong, and all you need to do is point to the modern conservative justices who represent only one economic class in the United States, and it isn’t the 99 percent (currently Neil Gorsuch, Clarence Thomas, John Roberts, Samuel Alito and Anthony Kennedy).

Since Neil Gorsuch made his way to a supreme court seat earlier this year, I’ve been waiting for all to see that the Republicans who control the US House of Representatives, the US Senate, and the United States presidency will not under any circumstances come up with legislation banning abortions. That would give their base a lot of hope such legislation could withstand a challenge in front of the conservatively loaded US Supreme Court.

In addition, the US Republican-dominated US Senate will never vote to end the filibuster on legislation so that the conservatives in the Senate can disappoint their grassroots base again. That won’t happen because doing so would raise the hopes of the Republican faithful that their dreams of saving tens of thousands of the unborn every year would be fulfilled, and this great wedge issue would be legally resolved. Perhaps then many of the faithful would begin to clamor for a more equitable distribution of income, wealth, and political power, and the leadership cannot have that.

Ergo, conservatism, as it is largely practiced in the Republican Party, is only about letting corporations and the rich legally run wild over everybody else while redistributing income and wealth from the 99 to the 1 percent. But the Republican Party is not the only representative body in the US government who performs this function on behalf of the wealthy.

So too are corporate Democrats, such as Hillary and Bill Clinton, Wall Street Senators Ron Wyden and Joe Biden and many others.

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Wall Street Democrats, such as Wall Street-owned president’s Bill Clinton and Barack Obama, as well as Wall Street’s senator’s Hillary Rodham Clinton and Ron Wyden, have led the way toward trade deals that have exported tens of millions of US jobs overseas, with the difference between the old higher US paying jobs and the new lower paying US jobs going directly into the pockets of the rich via higher corporate earnings, rising share prices and surging dividends.

These income redistribution scams are the primary reason income and wealth inequality have grown so lopsided in favor of the billionaires over the previous 35 years or so. Most of the Republican Party have stood right behind the Clinton’s, Wyden and Obama on these income redistribution scams. 86 percent of Republican voters understand these trade scams are intended to export US jobs, compared to 52 percent of Democratic voters. So the Republican leadership is happy to negotiate with the Wall Street DNC Democrats to take the lead on these trade scams. In fact, the two sides have worked together to create the income and wealth inequality in which we now suffer. That’s why Donald Trump is president.

So how do the Democrats get out of being blamed for exporting tens of millions of jobs and creating such massive income and wealth inequality? They lie and spread these lies using a number of corporate news outlets and fake academic studies that come from real universities.

When Barack Obama became president, and for a few years afterward, the US failed to create any net jobs. And so members of the Democratic Party came up with the ingenious lie; automation killed the jobs. Since then the economy has created twelve million new jobs, and you will notice automation hasn’t killed those jobs. Nor has automation killed the tens of millions of US jobs that have been exported to China, Vietnam, Mexico and elsewhere.

I’ve written about this Democratic Party lie many times.

Now in a new report, economists Lawrence Mishel and Josh Bivens of the Economic Policy Institute challenge the Democratic Party lie that the pace of automation is accelerating and that the use of robots will lead to much higher unemployment and greater inequality. They also point out that there is not one shred of evidence in any study showing that technology and automation are killing more jobs than they are creating. The authors argue that if automation actually led to higher overall joblessness, the United States would have seen consistently increasing unemployment over the last 70 years. That didn’t happen because technology and its offshoot called automation actually create more jobs than they displace.

Likewise, if automation were indeed surging and leading to joblessness in recent years, we would not have been able to reduce the unemployment rate from 10 percent in 2010 to under 4.3 percent now. The authors encourage policymakers to focus on the immediate need to create good jobs and robust wage growth—instead of getting worked up about a hypothetical “robot apocalypse.”

The imbalance of political power between the 1 and the 99 percent are the current reason why income and wealth inequality has grown over the last 3 1/2 decades.

For more information, click on the report at “The Zombie Robot Argument Lurches On; There is no evidence that automation leads to joblessness and or Inequality–Economic Policy Institute

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