Feeds:
Posts
Comments

Posts Tagged ‘Ron Wyden’

Sen. Elizabeth Warren cited recent Pew Research Center polling that found only 18% of Americans say they can trust the U.S. government to do the right thing to unveil her Anti-Corruption and Public Integrity Act on Tuesday.

It is well known that the rich, their corporations, and their lobbyists have bought almost every member of the United States House of Representatives and almost every member of the Senate since 1981, which include such corrupt blowhards as RepubliCons Orrin Hatch, Mitch McConnell and Democrat Ron Wyden. Since 1981, every United States president has bent to the desires of the well-to-do on all matters having to do with redistributing income and wealth from the 99 to the 1 percent. Wyden, Hatch, and McConnell have voted to redistribute income and wealth from the 99 percent to the rich and powerful time and time again when they voted to export millions of jobs held by United States citizens via trade agreements.

The difference between the old higher US wages and benefits and the new three dollars a day jobs in foreign nations goes straight into the pockets of the super-rich via higher corporate profits, rising share prices, and surging dividends. The newly unemployed in the U.S. might get unemployment insurance for a few months if they are lucky.

Political corruption is precisely why income inequality has grown from the 1 percent receiving 8 percent of all income produced in the USA in 1980 to 37 percent today, and why three people own more wealth than the bottom 50 percent of the U.S. population, and why the 1 percent owns more wealth than the bottom 90 percent.

Warren’s plan provides a lifetime ban on lobbying by former members of Congress, Presidents, and agency heads and banning foreign lobbying and lobbyists donations to candidates and members of Congress.

Warren’s bill seeks to eliminate both the appearance and the potential for financial conflicts of interest by banning members of Congress, cabinet secretaries, federal judges, and other senior government officials from owning and trading individual stock, including requiring the Supreme Court follow the ethics rules applicable to all other federal judges. One study has found that members of the U.S. Supreme Court rule in favor of companies they invest in.

Warren advocates “locking the government-to-lobbying revolving door” and eliminating the “golden parachutes” that companies pay some executives when they enter public service, citing the instance of Goldman Sachs paying Gary Cohn more than $250 million when he left the firm to lead President Trump’s National Economic Council.

Warren’s legislation also aims to end what she characterizes as the corporate capture of public interest rulemaking by requiring disclosure of funding or editorial conflicts of interest when corporations and special interest groups pay for comments and studies that support rulemaking, as well as requiring elected officials and candidates for federal office to disclose more financial and tax information and making federal contractors – including private prisons and immigration detention centers – comply with federal open records laws.

A lot more can be done to end corruption in the U.S. government. Banning the paid speeches made by former presidents and high officials is a starter. Bill and Hillary Clinton and Barack Obama get $250,000 a pop for half-hour paid speeches. Who is to say the lure and promise of future profits do not influence the choices made by people in high office? In addition, the government could limit the amount of funding of political campaigns provided by political action committees, corporations, and individuals. However, the corporate wing of the United States Supreme Court has been so corrupted by the inflow of cash and favors and class warfare mentality in favor of their social and economic class, that they eliminated one hundred years of legal precedent in the Citizens United case of 2010 that limited contributions as outlined in the sentence above. Reversing that, and successfully impeaching the corrupt corporate wing of the Supreme Court would go a long way toward ending the massive wave of political corruption that has swamped the United States governments at all levels like rising tides of overflowing cesspools.

For the complete story, see Elizabeth Warren Proposes Ways to Fight Political Corruption–MarketWatch.

Advertisements

Read Full Post »

The Communist Party of the United States never amounted to more than a few thousand people. The Socialist Party of the United States, quite different from the Communist Party, peaked in 1912 when presidential candidate Eugene Debs received 6.0 percent of the popular vote. The socialist party went downhill from there, and never really was a political threat to the two major corporate political parties. The political left of the United States has been effectively dead for decades in terms of communists and socialist. So who makes up the political left nowadays? And who is on the political right?

The political left is the 99 percent, while the political right is made up of the billionaires, their corporations, their corporate media, the two major political parties they own, their allies in political office, their anti-U.S. Constitution corrupt corporate wing of the United States Supreme Court (John Roberts, Samuel Alito, Neil Gorsuch, Brent Kavanaugh, and Clarence Thomas).

In the days of yore, during the Great Depression, the left came up with socialist legislation, such as the 40-hour work week, social security, the minimum wage, labor union organizing rights, unemployment insurance, and so on. The right tried to prevent these things, and as President Franklin Roosevelt noted in 1936, the millionaires previously in control of the government and both major political parties wanted everything as it had been before the Great Depression. The millionaires wanted nothing for the 99 percent. They wanted to be in charge so to use government as an appendage of their own corporations, and let political corruption run rampant, just like the billionaires today in the United States.

In the aftermath of the Great Depression, when all those socialist programs were put in place, the United States middle class thrived. The middle and lower economic classes even won political battles, such as ending racial segregation, terminating the profitable war in Vietnam, winning the battle of the environment which industry lost, winning women’s rights, etc….

The 1 percent felt threatened enough to organize among themselves, using their corporations, and creating propaganda think tanks, such as the Heritage Foundation, and by 1975, the rich began a massive propaganda campaign, along with corrupting both major political parties and the United States Supreme Court into giving them more rights and a vast array of political victories over the 99 percent, especially when it comes to redistributing income and wealth from the 99 percent to themselves.

The rich use social issues to divide us, and keep our attention from the redistribution of income and wealth from us to them, led by such politicians as Wall Street Senator Ron Wyden, and Wall Street Senator Mitch McConnell. The billionaires who own the Democratic Party and the billionaires who own the RepubliCon Party often work together to redistribute income and wealth from the 99 percent to themselves, such as pushing legislation to export millions of jobs, while simultaneously using their corporate news media to divide the 99 percent via social issues, such as abortion, racism, the war against Christmas, the war against women, and the war against dirty diapers.

There you have it: the political right is made up of the billionaires and millionaires, and the political left is made up of the rest of us.

Read Full Post »

Elizabeth Warren plans to put an end to Wall Street control of the Democratic Party if she becomes president. The first place she would begin is with international trade policies, drawing sharp contrasts with Wall Street puppet’s Barack Obama, Bill Clinton and Hillary Clinton in the process, along with Democratic Party Wall Street Senator Ron Wyden and dozens of other Democrats in political office.

Wyden has long been one of the architects of the growing income and wealth inequality in the United States over the last thirty years. He has continuously championed the exporting of tens of millions of American jobs on behalf of Wall Street investment banks and corporate bigwigs. The difference between the old higher U.S. wages and the new much less third world wages goes straight into the already fat wallets of the billionaires. My ex-wife calls Wyden, accurately as it turns out, a RepubliCon on all economic matters.

As for Warren, her plans include nine issues every nation would have to meet before negotiating a trade deal with the United States. Those standards include upholding and enforcing the labor rights laid out by the International Labour Organization, eliminating all domestic fossil fuel subsidies, fulfilling commitments from the Paris Climate Agreement, not running afoul of the State Department’s Country Reports on Human Rights, and not being on the Treasury Department’s monitoring list for manipulative currency practices. Warren’s requirements would apply not only to new trade deals but to existing treaties that Warren pledges to renegotiate.

Naturally, RepubliCons and Corporate/Wall Street Democrats, such as Wyden, will be opposed to Warren’s standards. So are the billionaires, Wall Street investors, and the so-called news media they control. Their only standard is to redistribute income and wealth from the 99 to the 1 percent even if the world burns.

Taken together, Warren’s mandates would fundamentally change American trade policy, potentially excluding many countries that would see the requirements as too onerous for the parasitic elites who control those governments, and who want to continue the maldistribution of income and wealth that existing trade agreements have been negotiated to bring about.

“For decades, big multinational corporations have bought and lobbied their way into dictating America’s trade policy,” Warren wrote, calling the policies across Republican and Democratic administrations a “failed trade agenda.”

“Trade can be a powerful tool to help working families but our failed pro-corporate agenda has used trade to harm American workers and the environment. My plan represents a new approach to trade — one that uses America’s leverage to boost American workers and raise the standard of living across the globe.”

In effect, Warren aims to reverse the income and wealth stolen from 99 percent of Americans and given to the billionaires by Wyden, Clinton, Obama, and the entire RepubliCon Party.

Read Full Post »

The 99 percent of the United States need a champion in the White House (and a lot more in Congress) and Joe Biden is not that person. Biden is a virtual employee of the super-rich, Wall Street executives and big corporations.

The corporate news media made a big play for Biden’s candidacy both before and when he entered the Democratic Party primary. This pushed Biden out to a big polling lead over the anti-Wall Street progressive candidates, such as Bernie Sanders and Elizabeth Warren. Biden initially polled in the mid-40 percent range after he announced his candidacy.

This was never a good sign for Biden because he needed to poll over 50 percent in order to win the Democratic Party candidacy. As the twenty or so Democratic candidates fall by the wayside during the state primaries, the eventual progressive candidate who will oppose Biden will likely receive the vast majority of votes that otherwise would have gone to the failed progressive candidates.

Biden’s poll numbers have gradually dropped to the mid to late 20s as his record as a representative of the filthy rich and as an opponent of the vast majority of American citizens are exposed.

For example, Biden has proposed cutting Social Security benefits for working Americans on three occasions. He has also proposed cutting Medicare. As a US senator, Biden was one of the few Democrats to vote to export millions of United States jobs, and redistribute hundreds of billions (if not trillions) of dollars from working Americans to the rich, when he voted for NAFTA. The difference between the old higher US pay the new lower Mexican pay goes straight into the pockets of the rich year after year for as long as those former US jobs exist in Mexico.

Likewise, Vice President Biden was a big booster of the ill-fated Trans-Pacific Partnership, a trade agreement that would have exported millions more US jobs overseas and redistributed trillions of dollars a year from working Americans to the wealthy in the process.

Many American voters are worried about income and wealth inequality in favor of the affluent. Like Wall Street Senator Ron Wyden, Biden is an architect of these inequalities, and he has the record to prove it, though nobody will hear him brag about it unless it is to the billionaires in private.

Biden is the wrong person at the wrong time for the vast majority of US citizens, and more and more Democratic Party voters can smell the stench of Wall Street all over Joe Biden. Billionaire investors have marked Biden and Wyden the same as cats mark their territory and property.

Read Full Post »

The US is dominated by a rich and powerful elite. So concludes a recent study by Princeton University Prof Martin Gilens and Northwestern University Prof Benjamin I Page. So what? Everybody already knew that.

Perhaps, but the two professors have conducted exhaustive research to try to present data-driven support for this conclusion. Here’s how they explain it:

Multivariate analysis indicates that economic elites and organized groups representing their business interests have substantial independent impacts on US government policy, while average citizens and mass-based interest groups have little or no independent influence. In other words, the wealthy few determine public policy, while the average American has no power, and very little of it when organized in large numbers.

This is precisely why there is little or no movement in government policy in the non-battle against climate change.

Yesterday, Senate Democrats largely held together in boycotting what they decried as a “sham” vote forced by Republicans on the ambitious Green New Deal. The vote on the procedural motion failed on a 0-57 margin, with 43Democrats voting “present” to protest the GOP tactics. Just three Democrats — Sens. Doug Jones (Ala.), Joe Manchin (W.Va.) and Kyrsten Sinema (Ariz.) — broke with their party to vote against the proposal for massive clean energy and infrastructure investments to rapidly slash greenhouse gas emissions and attempt to break economic inequality. The rest voted present, including six presidential candidates who co-sponsored the non-binding resolution S.J. Res. 8. Sen. Angus King (I-Maine), who caucuses with Democrats, also joined Republicans in voting no on Tuesday.

Quite naturally, Congresswoman Alexandria Ocasio-Cortez railed against the do-nothing representatives of the rich, which can be seen in the video above.

Something else needs to be mentioned. The rich own the news media as much as they own politicians like Republican Senator Mitch McConnell and Democratic Senator Ron Wyden, and we the people only get the news and opinions the rich want us to see.

BBC – Oligarchy in Charge of the United States

Read Full Post »

“I worked for Walmart as a shift manager,” twenty-nine-year-old Emily said. “I barely earned enough money to be able to share an apartment and drive an old beater car.” At Walmart, Emily told me her health insurance came from the state of Oregon’s health plan, which is for low-income people. In other words, Walmart’s medical benefits package is welfare from the state. This benefits the billionaire owners of Walmart while impoverishing state tax coffers.

Emily is a millennial. She now works as a waitress, but still owns the same beater car, and she needs to share a home. Emily has a friend she did not care to name, but whom we will call Ken. He works for Starbucks and under the same financial restraints as Emily, who obviously, is not alone in her financial and career situation.

Emily earned a Bachelor of Arts in Speech Communication from Portland State University. Her story is not atypical.

According to a new study, millennials still suffer from the effects of the Great Recession. Their earnings have barely budged as they enter their mid-30s, making it even harder for them to cope with the economic pressures of having a family, a leading think tank has warned.

Their pay has suffered by far the biggest squeeze of any age group since the 2008 crash, according to a study by the Resolution Foundation. While the wages of the over-50s have recovered to levels above those seen a decade ago, it found the typical salary for workers in their 30s was still 7% below its pre-crisis peak last year.

As young workers in their 20s during the financial crisis, millennials were by far the worst affected as salaries failed to keep up with inflation. Their pay fell by 11% from 2009 to 2014 before recovering some lost ground after that.

There are a number of reasons for this. Political corruption is one of them.
That corruption has brought us;

Tens of millions of U.S. jobs have been exported over the last three decades. Hundreds of thousands of U.S. high tech jobs have been outsourced to foreign workers by the H1-B visa. The difference between the old U.S. wages and the new lower wages goes straight into the pockets of the billionaires, who control the entire Republican Party, and most of the Democratic Party representatives in the U.S. Senate and House of Representatives.

Wall Street Senator Ron Wyden is a perfect example of a Democratic party politician who serves the billionaires in their war to redistribute income and wealth from the 99 to the 1 percent. Currently, depending on whose sources you use, the 1 percent steal anywhere from 24 to 38 percent of the total income produced yearly in the United States, up from 8 percent in 1980. That leaves the 99 percent with only 62 to 76 percent of the total yearly income produced in the U.S., down from 92 percent in 1980.

Nowadays, three people (Jeff Bezos, Warren Buffett, and Bill Gates) own more wealth than the bottom 50 percent of United States citizens.

The financial game is rigged folks, both major political parties are rotted with corruption to the core. The corporate wing of the United States Supreme Court is rotted with corruption to the core.

The last bastion of financial defense and defense of uncorrupted democracy for the people of the United States is the progressive wing of the Democratic Party, represented by folks like Bernie Sanders and Elizabeth Warren. The progressives get most of their campaign money via small donations. That wing of the Democratic party is the last best hope for uncorrupted democracy and leveling the financial playing field in

America.https://www.theguardian.com/money/2019/feb/03/millennials-pay-still-stunted-by-financial-crash-resolution-foundation

 

Read Full Post »

There they go again. Congresswoman Alexandria Ocasio-Cortez (AOC) recently suggested the United States should raise the top marginal tax rate on the rich to over 70 percent. Republicans, naturally, have attacked her as being crazy, although all the evidence points toward higher marginal tax rates on the rich produces a stronger United States economy for all citizens, not just the rich ones.

As you can see from the graph above, the higher the tax rate on the rich, the stronger is GNP growth. The same can be said for jobs and wage growth. It can also be pointed out that when the rich have fewer dollars to spend, they have less spare change to bribe politicians with political contributions.

The only crazy people out there on this issue are Republicans, as usual, performing their jobs as lying lap dogs of the rich. As I have been saying for years, there is not a shred of evidence that suggests, as the Republican Party lap dogs proclaim, that lowering taxes on the rich has created a single job, and you can see that from the graph.

There is a ton of evidence in the form of peer-reviewed studies that show AOC is correct.

Paul Krugman recently wrote, “Republicans almost universally advocate low taxes on the wealthy, based on the claim that tax cuts at the top will have huge beneficial effects on the economy. This claim rests on research by … well, nobody. There isn’t any body of serious work supporting G.O.P. tax ideas, because the evidence is overwhelmingly against those ideas.”

Reducing taxes on the rich have always reduced gross domestic product, wages, and job creation. It also creates income and wealth inequality since the rich have more income to burn at buying both Republican and Democratic Party lap dogs, such as Mitch McConnell and Ron Wyden. These guys have voted time and again to redistribute income from the 99 to the 1 percent.

The Case for a Progressive Tax: From Basic Research to Policy Recommendations-Journal of Economic Perspectives

Why one editor won’t run any more op-eds by the Heritage Foundation’s top economist–Columbia Journalism Review

Read Full Post »

Older Posts »

%d bloggers like this: