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Posts Tagged ‘Republican Party’


The Republican Party is about to determine whether or not it will become the biggest death panel since Adolf Hitler and the Nazi Party tried to exterminate the Jews of Europe.

US House of Representatives leader Paul Ryan pulled out his new American Health Care Act last week, which he is hoping will be used to replace the Affordable Care Act. According to the Congressional Budget Office (CBO) yesterday, within a decade as many as 24 million US citizens will lose their health care coverage and premiums will go up for the rest of us if Ryan’s plan is passed, and especially for low income people and the elderly. Many grandmas and grandpas will have to chose between starving to death, or not paying their overpriced healthcare premiums, thanks to the Ryan plan.

Obamacare has only added slightly more than 19 million people to the rolls of the health insured. That means another 4 million US citizens beyond Obamacare may lose their coverage with Ryan’s carefully thought out health care bill. And it has been carefully thought out.

March 8, 2017

The primary purpose of this bill by all appearances is to provide tax cuts to the rich, the only people who have been the beneficiary of thirty-six years of economic expansions, and deliberately so. Currently, there is a 0.9 percent tax on income over $200,000 a year to help fund Obamacare. There is also a 3.5 percent tax on capital gains for the same purpose, such as the profits from the sale of stocks and bonds. This is why Wall Street hedge funds and big investment firms want Obamacare gone.

Many Republicans are prepared to make the Republican Party and all it stands for into a giant death panel in order to make its billionaire masters richer. Herr Ryan is one of these. Yet, other Republicans want to get reelected.

Florida Republican Rep. Ileana Ros-Lehtinen, for example, said Tuesday that she wouldn’t be able to support Ryan’s health care legislation after the CBO score revealed the high number of people who would lose insurance.

“I plan to vote NO on the current #AHCA bill. As written the plan leaves too many from my #SoFla district uninsured,” the Florida congresswoman wrote in two consecutive tweets. “As #AHCA stands, it will cut much needed help for #SoFla’s poor + elderly populations. Need a plan that will do more to protect them.”

This shows several things. The legislation is not likely going to pass. The Republicans are going to find it difficult to give their billionaire masters tax cuts by replacing Obamacare. So they will likely try a different tack.

The most likely scenario is simply keeping Obamacare largely intact, but shifting the tax burden from the rich to the middle and lower classes, and then marketing this plan as replacing Obamacare. One thing is certain; replacing Obamacare and taking health insurance from tens of millions of people in the process is not going to be politically palatable.

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Abolishing the Affordable Care Act will provide tax breaks for the rich. According to the LA Times, “the Affordable Care Act’s tax provisions, and the discovery that repeal would provide the wealthiest taxpayers with an immediate tax cut totaling $346 billion over 10 years. Every cent of that would go to taxpayers earning more than $200,000 a year ($250,000 for couples). As Nicholas Bagley of the University of Michigan observed a few days after the election, the imperative of handing their wealthy patrons a gift of this magnitude may well outweigh their solicitude for the mostly middle- and low-income constituents whose individual insurance plans would be at risk from repeal.”

All of the income gains of the last 35 years have gone to the 1 percent, and this has been achieved by government legislation and international trade scams that export jobs overseas, and the difference between the old higher US wages and the new lower overseas wages has always gone straight into the pockets of the 1 percent. Income from performing labor is taxed at a higher rate than just sitting on your ass doing nothing, and this has come about due to tax legislation.

See the link below for the whole story.

The Real Reason Republicans Want to Abolish the Affordable Care Act–LA Times

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The civil war for the soul of the Republican Party may only grow more bitter.

The Tea Party-establishment battle has wreaked havoc on the party establishment for over a half-decade. The rise of Trumpism — nationalist, populist, at times racist — further scatters any chances of party unification following the most toxic presidential campaign in modern history.

“It’s not going away, it’s going to have major implications, and it is a giant cry in the dark,” said Rep. Mark Sanford (R-S.C.), a hardline conservative who doesn’t like Trump but has promised to back the nominee.

“I don’t think [voters] are far from the pitchforks level of frustration. … What exists in the political marketplace these days is dynamite, nitroglycerine, it’s extremely explosive and can go many different ways,” he said.

The establishment is greatly at odds with the Republican base. 85 percent of Republican voters are against trade agreements. Those agreements redistribute income from the 99 to the 1 percent. Trump railed against these scams. And so now the establishment is at odds with its base and its soon-to-be president.

The establishment has problems with the Koch Brothers Tea Party, and both have serious problems with Trump and the base.

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Citibank of Wall Street pretty much chose who was going to serve on President Obama’s cabinet, as well as who was going to fill the key positions elsewhere in his administration.

John Podesta is the campaign manager for Democratic presidential candidate Hillary Clinton.

WikiLeaks released some of Podesta’s emails, many of which go back to 2008 when Podesta was the co-chair of the transition team for President-elect Barack Obama. A month before the election, the primary staffing of the key positions in the Obama administration was almost complete.

In 2008, Michael Froman was an executive at Citibank. According to the New Republic, Froman “wrote an email to Podesta on October 6, 2008, with the subject “Lists.” Froman used a Citigroup email address. He attached three documents: a list of women for top administration jobs, a list of non-white candidates, and a sample outline of 31 cabinet-level positions and who would fill them. “The lists will continue to grow,” Froman wrote to Podesta, “but these are the names to date that seem to be coming up as recommended by various sources for senior level jobs.

The cabinet list ended up being almost entirely on the money. It correctly identified Eric Holder for the Justice Department, Janet Napolitano for Homeland Security, Robert Gates for Defense, Rahm Emanuel for chief of staff, Peter Orszag for the Office of Management and Budget, Arne Duncan for Education, Eric Shinseki for Veterans Affairs, Kathleen Sebelius for Health and Human Services, Melody Barnes for the Domestic Policy Council, and more. For the Treasury, three possibilities were on the list: Robert Rubin, Larry Summers, and Timothy Geithner.

This was October 6. The election was November 4. And yet Froman, an executive at Citigroup, which would ultimately become the recipient of the largest bailout from the federal government during the financial crisis, had mapped out virtually the entire Obama cabinet, a month before votes were counted. And according to the Froman/Podesta emails, lists were floating around even before that.

These revelations also reinforce the need for critical scrutiny of Hillary Clinton, and for advocacy to ensure the next transition doesn’t go like the last, at least with respect to the same old Democrats scooping up all the positions of power well in advance.”

In 2016, Michael Froman was the US Trade Representative negotiating the Trans Pacific Partnership, the largest income and political power redistribution scam in world history. Froman was negotiating to export millions of US jobs to third world nations. The difference between the old higher US wages and the new lower third world wages will go straight into the pockets of the wealthy via higher corporate profits, surging share prices and rising dividends. Wall Street banks would be a primary beneficiary at the expense of the 99 percent.

Obama is doing exactly what his Wall Street masters want him to do, just like Wall Street Senator Ron Wyden does. Will Hillary do the same if she is elected?

As an aside, I mention Wyden because he is the Democrat who will lead the charge for the TPP in the US senate on behalf of Wall Street and Nike.

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income-inequality

 

Originally published in September 2016.

The next recession will hit sometime during the next twelve months, most likely by June of 2017, give or take a month or two. It will be worse than the last one, and the impacts of it will last longer than the Great Recession of 2007-2009. The effects of that recession are still being felt. Median household income, for example, is still below what it was in 2007. That is one of the reasons why the next recession will be worse than the last.

99 percent of all US income growth from 2009 to 2014 went to the top 1 percent. They invest their money in the bond, stock and political markets. This does not create demand for goods and services. It destroys that demand by using financial and political leverage to export US jobs to low wage countries.

So all of this means that roughly 23 to 36 percent of all income produced in the United States has been stolen by the 1 percent, depending on whose figures you’re using. This inequality is destroying the demand for goods and services. Back in 1980, the 1 percent were able to steal only 8 percent of all US income. That’s why job and wage growth was much greater then than now.

Nowadays, the 99 percent earn roughly 62 to 77 percent of all income, down from 92 percent in 1980. This means demand for goods and services will be weak, much weaker, in fact, during the next recession than might be imagined.

The current economic expansion is the weakest in modern US history because of that lack of demand. It’s also been illegally contrived.

Home mortgage applications

The big banks withheld 3.4 million homes from the market by 2011. This is a violation of a variety of US laws, and is called a conspiracy in restraint of trade. As you can tell from the graph above, demand for home mortgages have been historically low compared to the last housing bubble, yet prices continue to bounce up because that 3.4 million homes represented more than 50 percent of the entire available housing stock, according to Bloomberg news. Click the following link for the Bloomberg report $382B Shadow Inventory Weighs on U.S. Housing-Bloomberg News.

This has driven home builders to construct more homes in the USA, and panicked people into purchasing overpriced homes that the banks illegally benefit from. This illegal housing bubble is what has powered this economy forward, and also to its doom.

The above suggests a few ominous things.

  1. The big banks can’t take many more houses off the market during and after the next recession, leaving them unable to create another housing bubble sufficient to power the next economic expansion forward.
  2. Earning 63 to 78 percent of total US income will not allow the 99 percent sufficient financial strength to power the US out of the recession.
  3. Instead, people who have borrowed against the rising value of their homes and used credit cards to sustain their standard of living will be trying to dig out of their debt.
  4. The value of housing will drop, as it always has done during recessions. This time the drop could be 30 to 50 percent in many areas. Maybe 60 percent.
  5. Deflation, caused by a lack of demand, will likely happen.
  6. Expect negative interest rates.
  7. The stock markets will fall more than they did last time. Expect major stock indices like the S&P 500 and the Dow to plummet 50 to 90 percent.
  8. The Federal Reserve will bail out the big banks and rich investors to the tune of tens of trillions of dollars, like during the last recession. But the Fed won’t bail out the 99 percent.
  9. The government must bail out the rich, or the 99 percent, but it can’t bail out both. The politicians will chose to bail out the rich, just like last time.
  10. Unemployment will be in double figures at some point, and perhaps for a long time.
  11. A political revolution will likely be forced into place at some point to replace the current corrupt government, and the corrupt politicians of the Republican and Democratic Parties.

As a final note, it should be pointed out that very few news sources have reported the housing conspiracy. No politician of note has mentioned it to my knowledge. This suggests something ominous, and this is only a suggestion.

It is possible the CEOs of the big banks gathered together, either in person or electronically, with Republican Party, Democratic Party and Federal Reserve officials, to conspire to engineer this housing bubble in order to power this historically weak economic expansion, and to make certain they wouldn’t face federal charges in doing so.

Now this is just a suspicion, so don’t get all heated up. But since the government has made it a point not to do enforce US laws against drug money laundering and other criminal activities on the part of the bankers, it might also be reasonable to assume this housing bubble has been created with a nod and a wink from the politically powerful.

When this recession begins, there will be virtually nothing to power us out of it except a political revolution of some kind. We’ll need a new FDR. Are you listening Senator Warren?

 

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As Wall Street President Obama readies a last minute desperate push to pass the Trans-Pacific Partnership (TPP) through the lame duck congress after the November elections in his most cowardly action yet as president, large crowds descended on Portland Oregon for the Rock Against the TPP Oregon weekend of action.

Oregonians took action, educated themselves, had fun and enjoyed a great concert! This was part of a nationwide protest tour featuring celebrities such as Golden Globe nominated actress Evangeline Lilly, comedian Hari Kondabolu, and punk rock legends Anti-Flag. The tour next stops in San Francisco on September 9th at Regency Ballroom with an event featuring Jello Biafra, Grammy winning latin alternative band La Santa Cecilia, and riot-grrrl cello legend Bonfire Madigan. Additional tour dates to be announced, for more information visit http://www.RockAgainsttheTPP.org.

The TPP is a massive income and political power redistribution scam from the 99 to the 1 percent, and like NAFTA, it is a clear violation of the US Constitution, which requires the approval of 2/3rds of the US senate. NAFTA only received 61 votes.

Approval of the TPP creates a secret investor court in clear violation of the US Constitution. That court will allow foreign corporations, many of which are owned by US corporations and or have a high number of US investors, to challenge US laws that corporate hacks decide might inhibit future corporate profits.

So if you want to vote to ban a gasoline additive that’s being sold in your areas that has leaked into and poisoned your water system and caused babies to be born without brains, then the foreign corporation loaded with US investors can challenge that law in a secret tribunal in which you won’t be invited. In other words, the politicians who support the TPP, which is nearly the entire Republican Party, and Wall Street Democrats like Barack Obama, Bill and Hillary Clinton, Ron Wyden and Earl Blumenauer are all voting to redistribute your income and your voting rights (in violation of the US Constitution) on behalf of the bottom lines of foreign corporations, but also their US investors.

For information on how the TPP will create greater inequality by paving the legal way for US corporations to export millions of US jobs, click what-the-corporate-propaganda-network-doesnt-want-you-to-know-one-of-the-many-ways-the-trans-pacific-partnership-will-destroy-us-jobs-and-redistribute-massive-income-and-wealth-from-the-99-to-the-1 Percent-JohnHively.Wordpress.com

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A liberal met up with her conservative neighbor and discussed politics. Needless to say, they parted ways disgusted with each other. Here’s what I have to say to both of them.

“We’ve been divided sliced and diced by the major political parties, think tanks of the 1 percent, corporate propaganda machines, and the corporate news media for over thirty-five years. Your experience with your neighbor is the result. Bear in mind that if you think they’re boorish and completely wrong in their positions, that they many think the same about you. Find common ground in your political discussions instead of opposition.

I’ve seen people from the John Birch Society and Black Lives Matter find common ground in opposition to the Trans Pacific Partnership (TPP), which is heavily backed by the Republican Party and Corporate Democrats like Barack Obama. The TPP is Obama’s baby, but it’s what the Republicans want, because it will redistribute trillions of dollars from the 99 to the 1 percent on a yearly basis. Obama knows this too, and his connections to Wall Street are heavy, which is why he supports it. Hillary Clinton publicly stated her support for the TPP 45 times before Bernie Sanders began his run for the Democratic nomination, even going so far as to call the TPP “the gold standard” of trade agreements. Will the real Hillary please stand up?”

I’ve also talked with conservative Republicans who have voiced sympathy for Black Lives Matter because the police can be quick on the trigger. I’ve met Republicans who agree that Wall Street should be more heavily regulated, and have voiced support for the reinstatement of Glass-Steagall. A decade ago, a Republican Party member was opposed to the US occupation of Iraq. I’ve met a Tea Party member who believes income had become too unequal in favor of the rich, and that international trade agreements are the primary cause of this. Note that person knows the Democrats are a primary force behind these agreements.

I’ve met liberals who are New Deal Democrats and gun owners. I’ve met liberals who were against undocumented immigration, and lower government regulations on home builders. I’ve met liberals who stand together with conservatives in protests against the TPP. I’ve met liberals who are hunters and fishermen and environmentalists.

I’ve met conservatives and liberals who can drive you to frustration because they believe things they want to believe, even if they can’t cite their source of information, or even if they don’t make sense, except to themselves.

That frustration is precisely what the 1 percent and their corporate media want you to feel just to keep us divided. Don’t fall for it. Find common grounds in your political discussions with your neighbors. It’s easy.

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