Posts Tagged ‘Income’
House Democrats Vow to Fight Obama and His Redistribution of Income From the 99 to the 1 Percent Via the Trans Pacific Partnership Scheme
Posted in corruption, free trade, genetically modified organism (GMO), tagged Barack Obama, House of Representatives, Income, income distribution, jobs, Mitch McConnell, outsourcing, redistribution, Ron Wyden, Rosa LeLauro, Trans-Pacific Partnership on Jam12000000amTue, 09 Dec 2014 11:31:43 +000014 10, 2010 | 1 Comment »
The Washington Post reports that, “House Democrats from the nation’s manufacturing heartland are vowing to fight President Obama’s push for a major trade deal in the Asia Pacific, saying the pact will harm U.S. jobs and charging that the administration has not been transparent with Congress in its negotiations.
“The administration refuses to change its approach to secret negotiations and is pushing to send a final package to Congress with almost no ability for us to scrutinize it,” Rep. Rosa DeLauro (D-Conn.) said Monday on a conference call with reporters. “Enough is enough: no more offshoring, no more NAFTA-style trade deals.”
Rep. Tim Ryan (D-Ohio) said that unless the administration made significant changes to the proposed deal, including new protections on currency manipulation, Democrats would “fight the administration tooth and nail on this.”
The opposition from Obama’s own party, and a significant portion of his liberal base, has presented a conundrum for the White House as it pursues the 12-nation Trans-Pacific Partnership (TPP), which is the economic centerpiece of the administration’s strategy to re-balance U.S. attention and resources to Asia. Negotiators from the 12 countries are in Washington this week for another round of talks in hopes of making progress toward an agreement in principle this coming spring.
White House advisers said they believe there could be more support for the trade pact in the new Congress because Republicans, who will take control of the Senate, are generally more supportive of free trade agreements. Last week, Obama touted the pact during an appearance with business leaders in Washington, calling on opponents not to “fight the last war” against previous trade pacts such as the North American Free Trade Agreement (NAFTA). He said those who oppose the deal are in favor of maintaining the “status quo,” a remark that angered labor unions and some Democrats.
The administration has said the proposed pact, which would encompass nations representing 30 percent of the world’s gross domestic product, would increase U.S. exports by lowering tariffs, while also imposing higher labor and environmental standards on other nations. But opponents said they fear that the deal will lead to more outsourcing of U.S. manufacturing and agricultural jobs.”
Notice the president plans to team up with Republicans to fight to redistribute the income of the 99 to the 1 percent in yet another of these so-called trade scams. Wall Street has guided this president since day one.
The secretive Trans-Pacific Partnership will grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent; which will effectively eliminate your votes on local and state levels for and against such things (which most people call voter suppression, but in this case it should be called voter elimination), outsource millions of jobs, offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent), limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent), and block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent). It will also kill the remainder of the US textile industry, destroy millions of jobs in Latin America, drive millions of undocumented immigrants into the United States, and depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent. And we can’t forgot that it will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. In other words, this scam is the largest income redistribution treaty of all time from the 99 to the 1 percent. Wyden is not the stupid little boy he pretends he is in public forums, for knows all of this. McConnell knows it, too. Hatch knows it. Obama knows it. All we have to do to stop this mammoth income redistribution scam from moving forward is to stop Fast Track.
Nice scam, isn’t it? Your Democratic president is for this! Your Wall Street Democratic Senators such as Ron Wyden are all for this plot! The vast majority of the Republican Party is for this garbage. Your government and both major political parties are corrupt to the marrow!
Posted in corruption, Economics, Economics, recession, income redistribution, Politics, the Rigged Game, Uncategorized, war, wealth redistribution, tagged 1 percent, 99 percent, Barack Obama, Congressional Budget Office, distribution, executive action, Income, income redistribution, President on Jam11000000amSat, 22 Nov 2014 08:53:15 +000014 10, 2010 | Leave a Comment »
On Thursday, November 20, 2014, President Obama announced that he was taking executive action that will allow up to five million undocumented immigrants to stay in the United States. The president promised these immigrants that they will not be deported, that they can seek work legally in the United States, on certain conditions, such as paying taxes.
Much of the news media of the 1 percent are claiming this is good for the economy, that everybody will prosper because of the president’s action.
For example, a study released by the Center for American Progress says, “Once they (undocumented immigrants) attain legal status, immigrants will be able to contribute to the increased consumption of goods and services that boosts business sales and raises the earnings of all Americans. They will pay taxes on their higher wages and increase the gross state product (GSP). Additionally, immigrants will be able to use their new legal status by integrating their skill set and education into creating jobs and raising productivity.”
Common sense, however, tells us that once undocumented immigrants receive legal status, they will consume approximately what they consume today. It is possible that with higher wages they will consume more. That will be offset, however, because the rest of us will be consuming less, according to an analysis of a similar congressional measure by the non-partisan Congressional Budget Office (CBO). According to the CBO, everybody’s wages and job opportunities will decline with the deal, except for the newly legalized immigrants. That means the impact of immigration reform will have little, or no, or perhaps even negative, net impact on the consumption of goods and services. It could even result in a decline of GNP. How could the consumption of goods and services go up if everybody’s wages and salaries are going down? They can’t and so the claim by the Center for American Progress is patently wrong.
According to the CBO, a senate bill similar to President Obama’s executive action which failed in committee last year would have depressed wages of all workers for the next twelve years, “raise the unemployment rate,” and “result in higher interest rates.” Notice the corporate news media hasn’t reported these things to you.
The president’s action will also push the unemployment rate higher than it would otherwise be through 2031. Currently, the real unemployment is somewhere between 10 and 13 percent, which is higher than the official rate of 7 percent. The executive action will force more and more people to compete for a smaller number of jobs, and this will drive wages down.
According to the Pew Hispanic Research Center, 80 percent of undocumented immigrants work under the table, that is without paying income taxes. Most of these people are expected to move into better paying jobs in the legal job market, creating greater labor competition, and driving wages down.
This same process also occurred after the amnesty granted undocumented immigrants in December 1986. Real wages immediately began to plummet for the next six years and didn’t recover to their 1986 level until 11 years later. Check out the graph below from the Bureau of Labor Statistics website. You’ll see a big dip in real wages for everybody beginning in December 1986.
The CBO also reported, “Capital investment would rise primarily because the return that investors would earn on a given amount of investment would be higher under the legislation than under current law.” The rationale for this is given with economic jargon, but basically it boils down to this; lower wages will increase profit margins, and so members of the 1 percent will purchase more corporate stocks, bonds and politicians.
In other words, the president’s executive action ensures the 1 percent benefit by pushing down wages, salaries and other compensation and redistributing the difference between the old rates and the new lower rates into the hands of the 1 percent. Nice scam, but it gets worse.
The president’s action comes at a time of real declining average wages for all American citizens, and so things are now going to become worse for us. On top of this, the 1 percent has been stealing 95 percent of all income growth for the last four years. Now it might grow as high as 96 percent. We are in an economy heading for disaster.
Posted in corruption, Economics, income redistribution, Politics, the Rigged Game, Uncategorized, tagged Common Core Standards, Income, income distribution, McGraw-Hill, oregon, Pearson Limited, public schools, redistribution, taxpayers on Jam11000000amWed, 12 Nov 2014 10:49:54 +000014 10, 2010 | Leave a Comment »
Last week, I asked a public elementary teacher what she thought of Common Core standards.
“Common Core testing is developmentally inappropriate for the ages of which the tests have been designed,” the third grade teacher said.
Several teachers sitting near us agreed with her.
When I asked what she meant, the teacher said the standards for third graders were developmentally more appropriate for fifth or sixth grade students.
“Do your third grade students need to retake the tests if they fail?” I asked.
“Yes,” she said. “Over and over again until they pass. All I do anymore is teach to the test at the expense of all other learning.”
“That’s precisely why they’ve been created,” I said. “Each test is more profit for the testing industry. The more students fail, the higher the profits for the industry giants.”
“Like Pearson Limited,” she said.
“And McGraw-Hill,” I said. “And their shareholders and CEOs. And it also means the tests are intended to maximize public educational failure because that maximizes corporate profits.”
“I agree,” the teacher said. “Educational reform is all about using education as a conduit to maximize publishing industry profits, even if it means destroying public education.”
I couldn’t disagree with the teacher, not at all. If you want more students to fail to maximize profits, there’s also another way to push the nation’s public school districts in that direction; expand classroom sizes. That gives every teacher less time to spend with each student, especially those that need individualized help to pass the tests that have been developed to ensure they fail, just to maximize profits at taxpayer expense.
Let’s face reality. Public schools are funded by local and state tax dollars. Common Core Standards ensure that income is redistributed from the 99 to the 1 percent via taxpayer dollars.
Posted in corruption, Federal Reserve, free trade, goldman sachs, income redistribution, Market manipulation, trade, trade deficit, Uncategorized, war, wealth redistribution, tagged Barack Obama, Class warfare, demise, distribution, Elizabeth Warren, Federal Reserve Bank, Goldman Sachs, Income, inequality, middle class, redistribution, Ron Wyden, trade deficit, Trans Pacific Partnership (TPP), United States, Wall Street on Jam10000000amMon, 27 Oct 2014 09:07:21 +000014 10, 2010 | Leave a Comment »
Senator Warren does an excellent job of explaining what has happened to push the middle class down a few notches in the video above. However, she misses some key points. Free trade treaties, for example, have led to the exportation of American jobs by the tens of millions since 1990, according to the Federal Reserve Bank.
The difference between the old higher wages and the new lower overseas wages goes straight into the pockets of the uber rich, which is why Wall Street Senator Ron Wyden supports these income redistribution treaties.
Currently, Wall Street’s favorite senator is pushing the Trans Pacific Partnership, the greatest income redistribution treaty of all time. This is almost entirely President Obama’s treaty, and we’ll never forget that Goldman Sachs was the biggest contributor to the president’s 2008 and 2012 presidential bids. Every major so-called free trade treaty has increased the US trade deficit. Why would anybody in their right mind want to increase that? Oh, that’s right. These treaties are about redistributing income from the 99 to the 1 percent.
That’s just one thing that Warren doesn’t explain. There are many other things in the form of legislation that has redistributed income from the 99 to the 1 percent, but I don’t have time to go into that.
How the corporate press, such as the Oregonian newspaper and the Willamette Week, lies and misleads us
Posted in corruption, Economics, Uncategorized, tagged amphibians, Ballet Measure 92, cows, distribution, genitalia, Germany, gmos, Health, Income, milk, monsanto, oregon, Oregonian newspaper, rats, redistribution, Syngenta, tumors, Willamette Week on Jam10000000amSun, 26 Oct 2014 09:59:07 +000014 10, 2010 | Leave a Comment »
In Oregon, ballot measure 92 asks voters to vote yes or no on labeling food products with GMOs in them. There are plenty of studies that show the harmful impacts on animals, but no long term studies have been done on humans.
Syngenta is the 2nd largest manufacture of GMOs in the world, and its own leaked studies show that the GMO grains it produces for milk cows kills milk cows, and yet, it still sells that poison to dairy farmers. There is an ongoing lawsuit in Germany over this issue. Another of Sygenta’s leaked studies demonstrates a tight link between the demise of amphibians (such as frogs in the USA) and one of its GMO herbicides. That story was published in an academic journal in 2001. Since then, numerous other unbiased academic studies have been published showing the same result. There are a plethora of studies showing that rats fed a diet of GMOs have gotten tumors, cancer, deformed genitalia, and more.
Given the mass of evidence, it appears that the primary purpose of the Oregonian newspaper, as well as the local Willamette Week, is to keep people ignorant of these important issues. The editorial boards of both newspapers have recommended a “no” vote on Measure 92 because there are no long term studies showing potential harmful impacts of GMOs to humans. I’ve never known anybody to have volunteered for such an experiments. Neither newspaper have ever mentioned in the ink on their pages, so far as I can find, the academic studies showing the harm GMO poisons do to animals.
Most people don’t know much, if anything, about genetically modified organisms (GMOs), and that 70 percent of our food are made with them. This suggests the purpose of the Oregonian newspaper and the Willamette Week, as well as most media outlets, is to keep people ignorant. Would anybody eat food with this poison in them if they knew about the dire health risks posed by them? Probably not. Perhaps that’s why these propaganda tools refuse to mention the studies showing unhealthy results of eating GMOs, and why they ask people to vote no on Measure 92.
The actions of the editors of both newspapers also show us that they are merely a tool of the one percent that are used to mislead and lie to the 99 percent so as to more easily shape public opinion to support the financial raping and pillaging of the 99 percent by and for the 1 percent.
Vote for your health! Vote for the health of your children! Vote for the 99 percent! Vote against the 1 percent in their war against the middle class. Do something the editors of the Oregonian newspaper don’t want you to do. Vote yes on Measure 92!
Check out the links below if you want more information.
Posted in corruption, Economics, Uncategorized, tagged Class warfare, corruption, Democratic Party, distribution, Income, redistribution, Republican Party on Jam10000000amFri, 24 Oct 2014 10:58:14 +000014 10, 2010 | Leave a Comment »
On behalf of the 1 percent, 90 percent of the Democratic congressmen and women, 100 percent of Republican federal lawmakers, and all of the Democrats in the white house, work hard to redistribute the income of the 99 percent to the 1 percent. The one thing the two major political parties have in common is that on social issues they’ve agreed to disagree so as to divide the grassroots of both parties along those social issues, while screwing them on all economic issues.
Politics is a corrupt game rigged against the 99 percent.