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Posts Tagged ‘redistribution’

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.

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Wall Street Plutocrat Larry Summers was President Obama’s first choice to lead the Fed, but he made some missteps and out he went. That left Yellen. Thanks to the Almighty! Yellen’s predecessor was a scheming architect of redistributing income from the 99 to the 1 percent.

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Income inequality is a complete function of government legislation. He who has the gold makes the rules. Corrupt government; that is why the economic, financial and political game is completely rigged against the 99 percent.

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Paul Krugman is a typical, and often correct, critic of President Barack Obama. He’s been right on policy decisions on a number of occasions, and most notably, when President Obama has been wrong.

In a new story in Rolling Stone, Krugman has done an about face on Obama and the president’s historical significance.

“When it comes to Barack Obama,” Krugman writes, “I’ve always been out of sync. Back in 2008, when many liberals were wildly enthusiastic about his candidacy and his press was strongly favorable, I was skeptical. I worried that he was naive, that his talk about transcending the political divide was a dangerous illusion given the unyielding extremism of the modern American right. Furthermore, it seemed clear to me that, far from being the transformational figure his supporters imagined, he was rather conventional-minded: Even before taking office, he showed signs of paying far too much attention to what some of us would later take to calling Very Serious People, people who regarded cutting budget deficits and a willingness to slash Social Security as the very essence of political virtue.”

“And I wasn’t wrong. Obama was indeed naive: He faced scorched-earth Republican opposition from Day One, and it took him years to start dealing with that opposition realistically. Furthermore, he came perilously close to doing terrible things to the U.S. safety net in pursuit of a budget Grand Bargain; we were saved from significant cuts to Social Security and a rise in the Medicare age only by Republican greed, the GOP’s unwillingness to make even token concessions.”

All of this is true, and everything Krugman writes in the Rolling Stone appears on surface to be true, but Krugman misses a major point.

Under President Obama, income and wealth equality has skyrocketed. 95 percent of all income growth in the USA over the last four years has gone into the pockets of the 1 percent. Record levels of income and wealth are now in the hands of the 1 percent, which accounts for much lower demand for goods and services, lower job and wage growth, and slower economic growth, all of which hurts the 99 percent, and all of which serves the 1 percent.

The policies the president has championed have played a major role in this.

Free trade treaties, for example, are negotiated with an eye toward shipping US jobs overseas with the difference between the old higher wages and the new lower wages going into the already fat wallets of the super rich via higher corporate earnings, rising share prices and soaring dividends. Right now, as we speak, the president is championing the Trans Pacific Partnership, the largest income redistribution scam of all time. It is a so-called free trade treaty that has been negotiated to jack up prices on goods and services, and lower wages, all of which redistributes income from the 99 to the 1 percent.

Under Obama, student loan interest doubled, and the payments of millions of student loans goes straight into the pockets of those who possess bonds backed by student loans: hedge funds and the rich. With a little work, the president might have stopped this madness.

Obama is not stupid, he knows precisely what he is doing. He’s redistributing income on behalf of his largest campaign contributors, the largest investment banks on Wall Street, hedge funds, and the largest investors of the 1 percent. This is precisely why the president refused to unleash his attorney general against the crimes of Wall Street that brought about the tanking of the world economy five years ago.

And these are just a few of the things Obama has done to redistribute income from the 99 to the 1 percent, something Krugman doesn’t want you to know about.

So while Krugman makes his points in his article, and with passion, his defense of Obama is in very narrow terms.

By the way, despite my critic of Obama, he hardly rates among the worst of presidents. That distinction goes to George W. Bush, the man who created the worst mess in US history. Warren Harding, as well as several others, would have to rate below our current president, as well.

rollingstone.com/politics/news/in-defense-of-obama

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In four years under President Jimmy Carter, the US gained more than nine million private sector jobs, and with rising average real wage rates. That’s better per year than job growth under President Ronald Reagan.

More jobs were created under Jimmy Carter than under President George W. Bush and President Barack Obama combined. Under the later two, family income dropped $7,000 a year because they focused (along with Reagan, the first Bush and Bill Clinton) mostly on passing legislation that redistributed income from the 99 to the 1 percent, such as deregulation scams and free trade schemes.

Meanwhile, during the thirteen years under Obama and Bush, out of pocket health care costs soared 85 percent, tuition and fees at colleges and universities rocketed 86 percent, child care costs rose 37 percent, housing jumped 28 percent, and the median net worth of middle class families has fallen 17 percent since 2010.

Is it any wonder job creation is so bad in the US compared to the good old days? Massive amounts of income from the 99 percent have been redistributed to the 1 percent, curtailing demand for goods and services. The rich, meanwhile, spend their money on stocks, bonds, gold, politicians, corrupting government and both major political parties, and other things that do not create jobs, but actually destroys them.

Back in the good old days of Jimmy Carter, the 1 percent stole only about 8 percent of the total income produced in the USA. Nowadays, depending on the figures you use, they’re stealing 22-32 percent. They’re also stealing 95 percent of all income growth during the last four years. Thank you President Obama. Thank you Republican Party Plutocrats, such as US House Leader John Boehner.

That means the middle class is being ground down and pounded into a pulp even more under President Obama than under President George W. Bush. And Obama, with his henchmen like Wall Street Senator Ron Wyden, wants more of your income redistributed to the 1 percent via the Trans Pacific Partnership, the largest income redistribution treaty of all time.

Makes you wish we lived under the rule of the great President Jimmy Carter. He was the last president that ruled for all the people, not just the 1 percent. He probably was the last great president, though the corporate press dutifully vilifies him for not pushing for more legislation that would have redistributed income from the 99 to the 1 percent.

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ObesityGMOs

I lost twenty pounds from April to September 2014: I didn’t diet, and I barely exercised. I never went hungry, for anything. I ate so much food my girlfriend Z kept telling me I was eating too much. What did I do? I switched from GMO to organic foods. I had been eating about 50 percent organic prior to that, but something I read prompted me to see if there might be a relationship between GMOs and the obesity epidemic. The answer was yes.

The average US male has gained 22 pounds since 1994, while the average female has added 16 pounds. GMO’s entered the US food chain in a big way in 1996, even though US Food and Drug Administration scientists warned of potentially bad health impacts from them. This included risks for allergies, as well as worse things. However, the political appointees (i.e. Monsanto influenced hacks) running the department decided the profitability of the chemical corporations and their shareholders of the 1 percent were more important than the health of the 99 percent.

So I decided to try this personal experiment. I lost weight despite eating somewhere around a pound of organic chocolate (mostly sweet dark) each week. I also ate organic chips, and desserts and drank non-organic wine and beer on occasion. On the road, occasionally I was forced to eat GMO food at restaurants. The girlfriend and I discovered GMO food made us hungrier, and so we craved more of the poison. Luckily, a quick organic meal or a simple organic banana killed that hunger. By the way, my girlfriend went from 113 pounds to 107 in about one and half months eating 95 percent organic foods.

There was also another side effect to eating 95 percent organic food.

I had had an allergy to a cat named Sabina for years. She was the only cat I’d ever been allergic to. My friend Shawn owned her, but he was moving and needed a temporary place for the fat, evil, foul mouthed, bad tempered thing to stay. She moved in with me. I washed my hands after every time I touched her, because every time I’d visited Shawn, and Sabina had gotten close to me, the allergic reactions set in and made me miserable for hours, despite taking allergy pills. One day after the evil feline moved in, I found her in bed with me! I didn’t have an allergic reaction. That allergy was gone.

Back in 98, I got my first allergy. It was to carpet dust. That allergy has also vanished.

I should mention one other thing. Shawn came to visit Sabina. He noticed Sabina had lost weight. We had gotten her off of the GMO diet, and let’s face it, virtually all cat food has the poison in it, or at least I would think so.

So I can say from experience that the weight and the allergies left me when I banished GMOs from my personal food chain.

Additional testimony below.

removing-junk-foods-and-gmos-improved-children’s behavior–Dynamic Health Now

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95 percent of all income growth in the United States during the six years of the reign of President Obama has gone to the 1 percent, and most of that has gone to the top 1/10th of 1 percent. The 1 percent have used their ill gotten gains to corrupt government and enact legislation that redistributes income from the 99 to the 1 percent, such as privatization scams, deregulation schemes, and free trade treaties. The government also refuses to raise the minimum wage to follow such economic factors as productivity gains or inflation. The result of all of this is a downward pushing of wages of the US jobs that haven’t been shipped overseas. The difference between the old wages (or rather what they should be) and the new lower wages goes straight into the pockets of the rich via higher corporate profits, rising dividends, and surging share prices. That’s how income inequality has been created. That’s why the US economy is a rigged game in favor of the 1 percent.

That’s precisely why US worker pay as a percentage of Gross Domestic Product is at an all time low, and this depresses the demand for goods and services, and that is why the US economy is so historically weak; income inequality.

President Obama and Wall Street Senator Ron Wyden have been getting ready to serve up more of this inequality via the Trans Pacific Partnership, the largest income redistribution treaty of all time. They’re calling it a free trade treaty.

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