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Posts Tagged ‘Orrin Hatch’

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.

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“The most common way people give up their power is by thinking they don’t have any.” ~Alice Walker

People Power Works! More and more people are fed up with the corruption of the Republican and Democratic establishments. Those two establishments have corrupted government at all levels in the United States to such an extent that the US federal government is now the most corrupt in the industrial world, and by a wide margin. And so more people than ever before are taking to the streets and voting against the candidates backed by Wall Street.

In 2016, the grassroots destroyed the plans of Wall Street executives and billionaire investors to redistribute income and wealth from the 99 to the 1 percent a number of times.

1. A grassroots campaign turned Bernie Sanders into serious candidate for US presidency, and likely will send him or Elizabeth Warren into the White House in 2020.

2. A tenacious cross-border, cross-sector progressive movement of movements stopped the Trans-Pacific Partnership (TPP) corporate power grab led by Wall Street drones Barack Obama, as well as Wall Street senators Ron Wyden, Mitch McConnell and Orrin Hatch.

3. Indigenous water protectors used nonviolent direct action to interrupt the Dakota Access Pipeline.

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The Trans-Pacific Partnership (TPP) is a corporate power grab, a 5,544-page document that was negotiated in secret by big corporations while Congress, the public, and unions were locked out.

Multinationals like Google, Exxon, Monsanto, Goldman Sachs, UPS, FedEx, Apple, and Walmart are lobbying hard for it. Virtually every union in the U.S. opposes it. So do major environmental, senior, health, and consumer organizations.

This agreement has virtually nothing to do with trade since tariffs between the twelve nations of the TPP are at historic low. This agreement is really about exporting jobs, raising prices and more bonuses for the 1 percent at the expense of the 99 percent.

The TPP will mean fewer jobs and lower wages, higher prices for prescription drugs, the loss of regulations that protect our drinking water and food supply, and the loss of Internet freedom. It encourages privatization, undermines democracy, and will forbid many of the policies we need to combat climate change.

The worst part is the Investor-State Dispute Settlement provision, which allows a multinational corporation to sue to override any U.S. law, policy, or practice that it claims could limit its future profits. Secret panels of corporate lawyers and corporate lobbyists will decide these cases. Their judgments cannot be appealed, not even to the Supreme Court.

This provision will override your votes on the state and local levels. In other words, President Obama and Wall Street Senator Ron Wyden intend to suppress your voting rights, along with most of the Republican Party led by Paul Ryan, Mitch McConnell and Orrin Hatch.

Though the Obama administration touts the pact’s labor and environmental protections, the official Labor Advisory Committee on the TPP strongly opposes it, arguing that these protections are largely unenforceable window dressing.

On behalf of Wall Street and rich investors throughout the United States, President Obama is planning to call for a vote on the TPP in the US senate and the US House after the elections in November. Obama signed the TPP, a despicable income and political power redistribution scam, months ago. Wall Street Senator Ron Wyden will likely introduce the TPP in the senate. Wyden is Obama’s and Wall Street’s attack dog in the US senate in their war against the middle class. He has voted to redistribute trillions of dollars from the 99 to the 1 percent over the course of the his career in congress.

To learn more about the TPP, check out Citizen’s Trade Campaign, and Public Citizen’s Global Trade Watch, Public Citizen. For labor-specific resources, try CWA, http://stopthetpp.org/, and the AFL-CIO, http://www.aflcio.org/Issues/Trade.

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Wall Street President Obama plans to unleash Wall Street’s Democratic Party attack dog against the middle class. Attack Dog Wyden will likely introduce the Trans Pacific Partnership (TPP) in the senate during the lame duck session, where it will likely pass.

The TPP is a 12 nation trade agreement that will redistribute trillions of dollars and significant political power, including stealing away many of your voting rights on the local and state levels, from the 99 to the 1 percent. That’s why Obama and Wyden are for this agreement.

The entire Republican Party leadership stands behind Obama on the TPP. Yes, Wall Street Senator Mitch McConnell and Wall Street Senator Orrin Hatch are counting on Obama. The TPP will likely pass through the senate, but it’s going to have problems in the US House of Representatives.

The American people are rising up against these income and political power redistribution agreements, which are falsely marketed as international trade agreements.

According to a new poll conducted jointly by Harvard University and Politco.com, “In a stunning reversal, a large majority of Republicans are repudiating their party’s traditional support for free trade, and falling sharply in line with nominee Donald Trump’s insistence that trade costs Americans more jobs than it creates.” Duh! Anybody think Wall Street and the super rich would want these agreements if they created more US jobs than they destroyed? The game is to lower the cost of labor so as to increase corporate profits, dividends and share prices.

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Strangely, grassroots Democrats who have opposed these agreements in the past are now more gullible than Republican grassroots members in some ways, while the Republicans can be more gullible in other ways. “The POLITICO-Harvard poll shows, 85 percent of Republicans say that free trade has cost the U.S. more jobs than it has created, compared to 54 percent of Democrats.”

The poll also showed the 59 percent of Democrats and only 20 percent of Republicans believe income inequality is a problem. Yes it is. Ask anybody from any third world nation. The 1 percent now steal about 36 percent of all income, up from 8 percent in 1980. That means the rest of us have less money with which to demand the goods and services necessary to power the economy, unless, of course, we use credit. Quite naturally, Americans have higher levels of debt than ever before. Anybody think that’s a problem?

According to the poll, some voters are going to cast ballots based on a candidate’s position on trade deals. Many Democrats will vote for Donald Trump for president, while also voting for their Democratic senate and US House candidates.

The polls findings also suggest Trump wiped out the other 16 Republican candidates for president this year since these trade scams were bigger issues with grassroots Republicans than for Democratic voters. This might also explain, in part, why Democrats failed to elect Bernie Sanders as their standard bearer.

The TPP will only make matter worse for the 99 percent. Just check out the links below.

The Trans Pacific Partnership–The Op-ed the corporate media doesn’t want you read–JohnHIvely.Wordpress.com

http://www.citizen.org/documents/TPP-USITC-Study-Press-Release.pdf

Read more: http://www.politico.com/story/2016/09/politico-harvard-poll-free-trade-trump-gop-228600#ixzz4LZlNPmyj
Follow us: @politico on Twitter | Politico on Facebook

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On Monday, May 8th, Bernie Sanders came to Sacramento California and spoke to an estimated 20,000 people. The corporate propaganda machine refuses to report this, as well as the fact that the Sanders phenomenon is growing. Sanders can still win the Democratic nomination.

What’s more, the Sanders campaign isn’t just about winning a nomination. It’s about building a people’s movement to fight back against the billionaires that control both major political parties. This comes at an important time in US history; a massive unprecedented economic meltdown is rumbling our way, just in time to rally a growing number of the dispossessed to join the campaign to take back the US government from the political hacks who are owned by the billionaires, toadies like Wall Street senator’s Mitch McConnell, Orrin Hatch, Ron Wyden, Charles Schumer, and Hillary Clinton.

As for how bad the recession will be and when it will strike see The Next Recession Is Going to Be a Big One! JohnHively.Wordpress.com

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Oregon’s US Senator Jeff Merkley became the first US senator to endorse Bernie Sanders in an op-ed published today in the New York Times. Check out Merkley’s endorsement by clicking on the following link.

In his endorsement, Merkley wrote about his middle class roots, and how after forty years of income being redistributed from the 99 to the 1 percent by legislation passed by Republican and Democrats alike, especially Wall Street Senator Ron Wyden, and other Wall Street Senators, such as Orrin Hatch, Mitch McConnell and Hillary Clinton, things had become “gloomier” for the middle class.

In addition, The Transport Workers Union Local 100, representing 42,000 workers in the New York region, backed Sanders as he struggled to dent Clinton’s lead in a state each has called home.

Slowly, Clinton’s lead in New York has been narrowing.

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income inequality

A new study by the Economic Policy Institute (EPI) shows that income inequality grew again last year, continuing a thirty-five year trend of rising income and wealth inequality that has been the defining feature of the American economy.

According to the study, “The way rising inequality has directly affected most Americans is through sluggish hourly wage growth in recent decades, despite an expanding and increasingly productive economy. For example, had all workers’ wages risen in line with productivity, as they did in the three decades following World War II, an American earning around $50,000 today would instead be making close to $75,000. A hugely disproportionate share of economic gains from rising productivity is going to the top 1 percent and to corporate profits, instead of to ordinary workers—who are more productive and educated than ever.”

As I show in The Rigged Game: Corporate America and a People Betrayed, our rising inequality is mostly the result of big corporations and the wealthy rewriting the rules of the economy via federal legislation to stack the deck in their favor. They’ve bought everybody from Hillary Clinton and Barack Obama to George W. Bush and Dick Cheney, from Wall Street Senator Ron Wyden to Wall Street Senator’s Mitch McConnell and Orrin Hatch. The rich, in other words, are the monopolists who own the political markets on the federal and most state levels.

This government corruption has prevented the benefits of productivity growth from “trickling down” to reach most households.

A few years ago, President Obama called wage and income inequality the “greatest issue of our time.” Then some Wall Street hacks must have called him to their throne room and gave him a tongue lashing. So the president has never mentioned the “greatest issue or our time” ever again. And he’s done nothing about it either.

That’s why wage inequality continued to increase during 2015.

Among EPI’s findings:

* Wage growth occurred fastest in states with higher minimum wages.

* Overall, 2015 saw overall real wage gains driven only by a dip in inflation.

* Wage growth was faster for male workers and white workers, particularly at the top of the wage distribution, which continued to exacerbate racial, ethnic, and gender wage gaps.

* If the Federal Reserve makes decisions based on the data, it is clear that the United States is not in a period of inflation-spurring wage growth. (Editors note: So the Fed should not raise rates in June, although they likely will, but for other than inflation is on the horizon reasons)

* To see strong broad-based wage growth outside of the tightest of labor markets, policymakers could strengthen labor standards, such as by raising the minimum wage, expanding eligibility for overtime pay, and protecting and strengthening workers’ right to bargain collectively for higher wages and benefits.

Income inequality is destroying the US economy. It’s turning us into a third world nation, with a corrupt federal government, and corrupt corporate news media as bad as in any third world nation.

The less money the 99 percent has, the less demand there is for goods and services. This is why the last two economic expansions are the worst in recorded history for US job growth, as well as other economic indices. The more money the rich steal via government corruption, the more the stock markets roar. Currently, 1 percent of the population steal 37 percent of all income produced in the USA, up from 8 percent in 1980.

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