Feeds:
Posts
Comments

Posts Tagged ‘MSNBC’

The New York Times and MSNBC are flagships of Democratic Party control, along with other news outlets. The Republican Party wields similar control over such outlets as the Wall Street Journal and Fox News. Wall Street exercises massive influence over all of the above. And Wall Street does not want somebody to become president of the United States. Elizabeth Warren is that person.

Warren is one of the most pro-99 percent members of the United States Senate, along with Bernie Sanders, Jeff Merkley, Sherrod Brown and a few others. Alexandria Ocasio-Cortez us her closest competitor in the U.S. House of Representatives in this regard.

The last thing billionaire Wall Street executives want is a president who will put an end to their corruption of US politicians, end the production of legislation that redistributes income from the 99 percent to the billionaires, and put an end to the massive corruption of the corporate wing of the United States Supreme Court.

That is why the Wall Street controlled Democratic National Committee (DNC) and its political weapons of mass misinformation, such as the New York Times, are focusing all of their attention on Warren’s youthful claim of thirty-three years ago that she had Native-American ancestors, which Warren’s DNA test verified six months ago. The intent of this is to discredit and ridicule Warren as a presidential candidate. The real issues, such as income and wealth inequality and the legislation that has brought this about via the massive corruption of all three branches of the United States government, are not being mentioned, and deliberately so.

Warren is one of the very best candidates for president the 99 percent and uncorrupted democracy could have and the worst for the billionaires of Wall Street. For example, Warren is the sponsor of the Anti-Corruption and Public Integrity Act. Some of the features of this legislation would eliminate even remote possibilities of corrupting lawmakers and that is a scary prospect for the billionaires of Wall Street who count on that corruption to be able to get richer at the expense of everyone else. A few of the provisions of the legislation are below and notice the corporate news/propaganda outlets are deliberately not mentioning them.


Warren’s legislation would ban individual stock ownership by Members of Congress, Cabinet Secretaries, senior congressional staff, federal judges (such as the corrupt corporate wing of the United States Supreme Court), White House staff and other senior agency officials while in office. Prohibit all government officials from holding or trading stock where its value might be influenced by their agency, department, or actions. It would also:

• Apply conflict of interest laws to the President and Vice President through the Presidential Conflicts of Interest Act, which would require the President and the Vice President to place conflicted assets, including businesses, into a blind trust to be sold off.

• Require senior government officials and White House staff to divest from privately-owned assets that could present conflicts, including large companies and commercial real estate.

• Apply ethics rules to all government employees, including unpaid White House staff and advisors.

• Require most executive branch employees to recuse from all issues that might financially benefit themselves or a previous employer or client from the preceding 4 years.

• Create conflict-free investment opportunities for federal officials with new investment accounts managed by the Federal Retirement Thrift Investment Board and conflict-free mutual funds.

All of these provisions would help ensure the restoration of uncorrupted democracy in the United States, but the badly corrupted corporate news media would rather have you focus on other issues while attempting to discredit the author of the above provisions. Corruption clearly extends beyond easy purchases made in the political markets.

Read Full Post »

Notice in virtually every mention in the so-called news media in reporting or editorials for or against raising the minimum wage, there is never any mention that corporate profits are at historic highs, and that raising the minimum wage to $15 an hour would be easy just because of that. The reason we don’t hear that is because the primary job of the propaganda machine of the 1 percent is to keep us misinformed, even if it means simply lying to us. The Oregonian news paper, Fox News, MSNBC, and the Wall Street Journal are cases in point.

That’s because raising the minimum wage will cut into those historically high corporate profits, possibly putting downward pressure on share prices and corporate bond ratings. That would eliminate some paper wealth of the 0.01 percent.

However, recent studies show increasing the minimum wage creates jobs and spurs economic activity and growth by enhancing the demand for goods and services. In other words, that paper wealth of the 0.01 percent, as well as those massive record corporate profits, drag the economy down.

After a potential decline in value due to a minimum wage increase, the stock markets would rebound with soaring share prices due to more robust demand for goods and services.

Here’s a point the corporate propaganda machine doesn’t want you to especially consider.

The rise of the current US stock markets are nothing more than a series of bubbles, NASDAQ and the Dow Jones Industrials being examples. If the federal minimum wage were to be enacted those bubbles would deflate safely to some degree, possibly curbing the great impending economic disaster, which is on the horizon. That economic holocaust will make the last recession look like a blessing.

Just like the stock market bubble in the 1920s, just like the housing bubble exploded from 1994-2007, this current bubble will burst, and with it, much of the US and world economy will evaporate with it.

There are worker strikes for higher minimum wages going on across the United States. They began last week, although some have been on-going for a while.

Forbes magazine reported six days ago;

“The Fight for $15 movement is growing as more Americans living on the brink decide to stick together to fight for better pay and an economy that works for all of us, not just the wealthy few,” said Mary Kay Henry, president of the Service Employees International Union, which has been backing the protests.

Workers in industries beyond fast food have joined the fight because they face the same struggles, says Arun Ivatury, campaign strategist with the National Employment Law Project. “These are all some of the fastest-growing occupations in the country, and they’re also some of the lowest-paying, as little as $8 or $9 an hour in terms of the median wage in these occupations. These are struggles these workers are facing across these industries — they’re facing the same struggle for respect and decent schedules with advance notice and enough hours to make a decent living.”

Giving these people a raise might actually stave off or at least delay the impending economic crash that’s headed our way. It would be good economic policy in the long run.

Read Full Post »

%d bloggers like this: