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Posts Tagged ‘Ron Wyden’

The appliance maker Whirlpool has asked the U.S. government to impose trade barriers on washing machines imported from South Korean companies, escalating a trade dispute that has been ongoing for years.

Anybody with half a brain could see this coming before President Obama and his henchmen and henchwomen, like Wall Street Senator Ron Wyden, signed the South Korea Free Trade Treaty. Yet, Obama and his sleazy corporate Demorats, like Wyden, pushed for this scam anyway, mainly because it redistributes income from US workers to billionaire US investors, hedge funds and other finance types that finance the Demorat Party.

With headquarters in Benton Harbor Michigan, Whirlpool Corporation is the world’s largest home appliance maker. In the U.S., Whirlpool has eight manufacturing facilities: Amana, Iowa; Tulsa, Oklahoma; Cleveland, Tennessee; Clyde, Ohio; Findlay, Ohio; Greenville, Ohio; Marion, Ohio; and Ottawa, Ohio. Whirlpool has five factories in Mexico. Whirlpool has over 28,000 employees in the United States and Mexico. Those jobs are at risk.

USA Today reports that “In filing a petition to the U.S. International Trade Commission Wednesday, the Benton Harbor, Michigan-based manufacturer is seeking remedy from U.S. regulators on its claim that Samsung and LG are selling their washing machines in the U.S. at prices that are below the prices charged by American companies or below their cost of production.”

The U.S. government has twice found that Samsung and LG were selling in the U.S. at unfairly low prices. But Samsung and LG responded by “relocating their production facilities to other foreign countries in order to circumvent the U.S. government’s rulings,” Whirlpool says.

Whirlpool is a supporter of free and fair trade. According to company’s website, “We believe competition is healthy and breeds innovation. That’s why we support free and fair trade and promote an open global trading system that benefits our consumers, employees and the entire home appliance industry. Enforcing open, rules-based trade policies ensures the highest level of investment, innovation and choice for consumers around the world. Supporting free and fair trade increases industry access and incentivizes innovation globally, helping us to protect jobs and ensure continued innovation and investment in the appliance industry.”

Obama and Wyden supported the South Korea Trade Scam, and US citizen’s and now paying the price. Click on the following link for more on the story, whirlpool-files-complaint-samsung-lg-dump-washers-us–USA Today

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The activist corporate conservative justices have reinterpreted the US Constitution over the decades giving corporations all the legal rights and none of the responsibilities of real people, and then giving corporations free speech rights, which has then been used to roll back 100 years of campaign finance spending laws.

These conservative justices are not and never have been original intent jurists, as they claim. If anybody tells you the US Constitution is not a legal contract that is open to reinterpretation in a manner inconsistent with the desires of the founding fathers, they are wrong, and all you need to do is point to the modern conservative justices who represent only one economic class in the United States, and it isn’t the 99 percent (currently Neil Gorsuch, Clarence Thomas, John Roberts, Samuel Alito and Anthony Kennedy).

Since Neil Gorsuch made his way to a supreme court seat earlier this year, I’ve been waiting for all to see that the Republicans who control the US House of Representatives, the US Senate, and the United States presidency will not under any circumstances come up with legislation banning abortions. That would give their base a lot of hope such legislation could withstand a challenge in front of the conservatively loaded US Supreme Court.

In addition, the US Republican-dominated US Senate will never vote to end the filibuster on legislation so that the conservatives in the Senate can disappoint their grassroots base again. That won’t happen because doing so would raise the hopes of the Republican faithful that their dreams of saving tens of thousands of the unborn every year would be fulfilled, and this great wedge issue would be legally resolved. Perhaps then many of the faithful would begin to clamor for a more equitable distribution of income, wealth, and political power, and the leadership cannot have that.

Ergo, conservatism, as it is largely practiced in the Republican Party, is only about letting corporations and the rich legally run wild over everybody else while redistributing income and wealth from the 99 to the 1 percent. But the Republican Party is not the only representative body in the US government who performs this function on behalf of the wealthy.

So too are corporate Democrats, such as Hillary and Bill Clinton, Wall Street Senators Ron Wyden and Joe Biden and many others.

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Wall Street Democrats, such as Wall Street-owned president’s Bill Clinton and Barack Obama, as well as Wall Street’s senator’s Hillary Rodham Clinton and Ron Wyden, have led the way toward trade deals that have exported tens of millions of US jobs overseas, with the difference between the old higher US paying jobs and the new lower paying US jobs going directly into the pockets of the rich via higher corporate earnings, rising share prices and surging dividends.

These income redistribution scams are the primary reason income and wealth inequality have grown so lopsided in favor of the billionaires over the previous 35 years or so. Most of the Republican Party have stood right behind the Clinton’s, Wyden and Obama on these income redistribution scams. 86 percent of Republican voters understand these trade scams are intended to export US jobs, compared to 52 percent of Democratic voters. So the Republican leadership is happy to negotiate with the Wall Street DNC Democrats to take the lead on these trade scams. In fact, the two sides have worked together to create the income and wealth inequality in which we now suffer. That’s why Donald Trump is president.

So how do the Democrats get out of being blamed for exporting tens of millions of jobs and creating such massive income and wealth inequality? They lie and spread these lies using a number of corporate news outlets and fake academic studies that come from real universities.

When Barack Obama became president, and for a few years afterward, the US failed to create any net jobs. And so members of the Democratic Party came up with the ingenious lie; automation killed the jobs. Since then the economy has created twelve million new jobs, and you will notice automation hasn’t killed those jobs. Nor has automation killed the tens of millions of US jobs that have been exported to China, Vietnam, Mexico and elsewhere.

I’ve written about this Democratic Party lie many times.

Now in a new report, economists Lawrence Mishel and Josh Bivens of the Economic Policy Institute challenge the Democratic Party lie that the pace of automation is accelerating and that the use of robots will lead to much higher unemployment and greater inequality. They also point out that there is not one shred of evidence in any study showing that technology and automation are killing more jobs than they are creating. The authors argue that if automation actually led to higher overall joblessness, the United States would have seen consistently increasing unemployment over the last 70 years. That didn’t happen because technology and its offshoot called automation actually create more jobs than they displace.

Likewise, if automation were indeed surging and leading to joblessness in recent years, we would not have been able to reduce the unemployment rate from 10 percent in 2010 to under 4.3 percent now. The authors encourage policymakers to focus on the immediate need to create good jobs and robust wage growth—instead of getting worked up about a hypothetical “robot apocalypse.”

The imbalance of political power between the 1 and the 99 percent are the current reason why income and wealth inequality has grown over the last 3 1/2 decades.

For more information, click on the report at “The Zombie Robot Argument Lurches On; There is no evidence that automation leads to joblessness and or Inequality–Economic Policy Institute

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Rexnord Corporation is closing its ball bearings plant in Indiana, laying off its 350 workers, and exporting those jobs to Mexico. In addition, as part of its US workers severance package, many of those workers are training their Mexican replacements, who will $3 an hour with no benefits. John Feltner is a machinist earning $25 an hour in the Indianapolis, Indiana plant. He resents having to train his replacement, but he’ll lose his severance package of $5,000 if he refuses.

Most of the difference in pay between US and Mexican workers will go straight into the pockets of wealthy shareholders. Rexnord’s share price peaked at $30.82 in April 2014. It’s been dropping ever since. It hit a low of $14.72 on January 15 2016, rose a tad, and has stayed stagnant since, hovering around $22. No doubt CEO Todd Adams is hoping that exporting jobs to Mexico will increase its bottom line and attract investors to bid up the share price and his compensation. His CEO pay is tied to the share price thanks to legislation signed by then President Bill Clinton.

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Exporting jobs and CEO pay tied to corporate share price are two of the biggest factors in the widening gulf between the 1 percent and everybody else because they redistribute income and wealth from one group to the other. Currently, six individuals own more wealth than the bottom 50 percent of humanity, while the 1000 richest individuals own more wealth than the bottom 70 percent. Currently, in the USA, the 1 percent steal 35 percent of all income every year, compared to 8 percent in 1980, thanks to their ownership of such politicians as the Clinton’s, Wyden, Mitch McConnell and Orrin Hatch.

John Feltner and his 350 fellow workers lost their jobs thanks to Bill Clinton, who signed legislation deregulating Wall Street, as well putting his signature on the North America Free Trade Agreement (NAFTA. NAFTA was negotiated by Clinton’s representatives with an eye to getting US corporations to export US jobs to Mexico in order to boost their bottom lines. After he left the presidency, Wall Street rewarded the Clinton’s for their service to the tune of tens of millions of dollars. The Clinton’s are still faithful servants of Wall Street in their war against the middle class, such as the workers at the Rexnord plant.

We also can’t forget Democratic Wall Street Senator Ron Wyden has continuously supported redistributing the income of the middle class to billionaires. The Democratic Party is corrupted to the core by big money, though maybe a bit less than the Republican Party. But then again, maybe not.

“The big picture is that American jobs are leaving this country to exploit cheap labor,” Feltner said. “When you start taking away the middle class, what do you have left?”

This is the sentiment that President Donald Trump played to so effectively during the 2016 presidential campaign. It spoke to John Feltner somewhere down deep.”

“He’d been a loyal union man for years, been raised on the notion Democrats were the party of the working man and made calls for Democrats from union phone banks. But after the trade agreements that Bill Clinton and Barack Obama signed, and after Trump spoke to the plight of workers at places such as Carrier, John Feltner broke ranks.

With the layoff fresh on his mind, he cast his November vote for Trump. He says most of his rank-and-file union members did the same.”

And what were those workers supposed to do? Support Hillary Clinton who aspired to export millions of US jobs to China via the Trans Pacific Partnership (TPP), which was being negotiated on behalf of Wall Street by then President Barack Obama?

Feltner and his fellow employees don’t know what they’re going to do once their jobs are gone. Thank you Bill Clinton. Thank you Barack Obama.

For more on this story, click the following link, Rexnord’s Indiana Plant Exported to Mexico–USA Today

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The economic and political game is clearly rigged in favor of wealthy, and its getting worse. This is a recipe for economic disaster, and which has been closely followed by major Wall Street politicians, such as Ron Wyden, Barack Obama, Mitch McConnell, Orrin Hatch, and George W. Bush.

The richest are getting richer, and their doing so quickly, and at the expense of the rest of us. For the most part, control of the levers of political power is how they have gained their money. It’s that simple. The rich control the Republican and Democratic parties, and with them, they control all three branches of the federal government, as well as most state and local governments. And that’s just in the USA.

In early 2016 Oxfam reported that just 62 individuals had the same wealth as the bottom half of humanity. About a year later Oxfam reported that just eight men had the same wealth as the world’s bottom half. Based on the same methodology and data sources used by Oxfam, that number is now down to six.

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There is a reason why the rich, and in particular the super rich, continue to get richer. The politicians of both major political parties work as agents on behalf of their billionaire benefactors, whether its Republicans such as Mitch McConnell, or Democrats like Ron Wyden.

This is why the poorest half (and more) of the world has continued to lose wealth; and the very richest individuals—especially the top thousand or so—continue to add billions of dollars to their massive fortunes. Inequality deniers and apologists say the Oxfam methodology is flawed, but they’re missing the big picture. Whether it’s six individuals or 62 or 1,000 doesn’t really matter. The data from the Credit Suisse Global Wealth Databook (GWD) and the Forbes Billionaire List provide the best available tools to make it clear that inequality is extreme and pathological and getting worse every year.

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As of Feb. 17 of 2017, the world’s six richest individuals (all men) had $412 billion. Just a year ago, on March 1, 2016, the world’s six richest men had $343 billion. They’re the same men today, although slightly rearranged as they play “king of the hill”: Bill Gates, Warren Buffett, Jeff Bezos, Amancio Ortega, Mark Zuckerberg, Carlos Slim Helu (with Larry Ellison jockeying for position). The wealth of these six men increased by $69 billion in just one year.

According to a new report, which can be accessed below, the poorest 50 percent of the population has seen their share of wealth decline. And the richest 500 people own more wealth that the bottom 70 percent.

Six Men Own More Wealth Than the Bottom 50 Percent of the World’s Population–EcoWatch.org

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On February 17 2017, the US senate will resume its duties; one of which will be to confirm or reject Neil Gorsuch as President Donald Trump’s choice to be the next US Supreme Court Justice.

Several days ago, the Guardian reported Trump had urged Wall Street Senate Majority Leader Mitch McConnell to eliminate Democrats potential use of the filibuster to stop Gorsuch, which is the so-called nuclear option. The story provided no analysis, and for a good reason, which I’ll get to below.

Anyway, Gorsuch needs sixty out of 100 possible senate votes in order to be confirmed to the post. The nuclear option would eliminate the sixty vote threshold, by instituting a fifty-one vote threshold. The Republicans hold fifty-two seats in the US senate, while the Democrats hold forty-eight. That means eight Democrats must vote to sustain Gorsuch’s nomination, or the candidate will fail. If Gorsuch fails to get sixty votes, the Democrats can filibuster his nomination, putting an end to it, unless the so-called nuclear option is used by Republicans. That’s not going to happen.

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The nuclear option would mean the end of the filibuster in the US senate. The filibuster has been used to ensure a sixty vote majority is always needed to pass any legislation. The result has been years of gridlock. Politicians of both major political parties have abused the filibuster over the years, so as to ensure they can fail to solve the problems that have perplexed the nation, and have a ready made excuse for the folks back home.

Once the sixty vote threshold is eliminated, however temporarily, a simple up and down vote for Gorsuch can take place. However, Republican voters might get a bit angry the nuclear option isn’t being used for their issues. The Republican Party establishment, with control over the white house and both houses of congress, could easily end legalized abortion. That’s what their base wants them to do.

However, doing so would eliminate abortion rights as a wedge issue with which to manipulate the emotions of grassroots Republicans, and divert their attention from other things, such as passing trade treaties that make it easy for US corporations to export US jobs overseas, and redistribute the difference between the older higher US pay and the new lower foreign wages to the 1 percent via higher corporate profits, share prices and surging dividends.

Likewise, the Democratic establishment will not want the nuclear option used. Then they’d need to please the grassroots of their base for a simple up and down vote can occur over numerous issues that conveniently cannot reach the sixty vote threshold. This includes a vote for amnesty of undocumented immigrants. A vote for the Dream Act can occur. A vote for a renegotiated NAFTA can take place. A vote to raise tariffs on US goods manufactured overseas and exported to the United States can occur. A vote to raise the minimum wage would be a great opportunity. A vote to rein in the excesses of Wall Street can be had. A vote to tie CEO compensation to corporate crimes can take place, such as corporate money laundering of Mexican drug cartel money.

The Republican and Democratic establishments, which are the major corporations, Wall Street executives, and billionaire investors who control the politicians of both political parties, will not want to see an aroused Republican base demanding simple majority votes on issues dear to their hearts, and which have been carefully cultivated by the corporate media. That would be against the financial interests of the establishment members. So, too, would the nuclear option be against their interests.

Like the conservative news media outlets, these issues are things the Guardian editors dare not mention. The Guardian is regarded as a liberal newspaper, and so the aim of the story is to raise the interest of liberal readers. However, the first duty of any editor is to edit and omit all news stories with a view to what the news ought to be, and that is closely related to the second duty of an editor, which is to never offend advertisers. The advertisers in major media news outlets are largely politically and financially powerful corporations. The loss of their advertising dollars would be a sharp blow to any news media outlet, such as the Guardian. The Guardian editors must walk a tightrope; keep liberals reading, while pleasing major corporate advertisers.

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So expect the Democratic establishment to come up with at least eight Wall Street senators willing to vote for Gorsuch to avoid the nuclear option. Expect Wall Street Senator Ron Wyden to be the first to cross the aisle on behalf of Gorsuch to avoid raising the hopes of Democratic and Republican voters everywhere should the nuclear option be used.

 

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How things have changed! Back in the 1960’s, Rachel Carson’s book Silent Spring warned about the human health dangers caused by insecticides. Industrial pollution ensured that US lakes and rivers caught fire. In 1970, conservative Republican US President Richard Nixon signed the legislation creating the Environmental Protection Agency (EPA). The EPA’s job was to clean up the pollution. The result is that much of that US industrial pollution has been exported to China, India and elsewhere.

US business leaders have long chafed under the chains of the EPA. The more pollution these folks are allowed to create, the more profits their corporations earn, the higher corporate share and bond prices rise. So big business has conspired to takeover the EPA, so as to bend the rules to their favor.

Scott Pruitt, a loyal servant of the profit needs of big oil now heads the EPA. President Franklin Roosevelt once said that businessmen had made certain that government had become an appendage of their profit making before he took office. Pruitt is now in position to ensure the EPA does not do its job in the USA. So expect human health considerations to be shunt aside in favor of the profit desires of big oil and Koch Industries, because as Attorney General of Oklahoma, that is precisely how he defined his job, as you can see from the video above.

Most of the politicians governing the US today are among the most corrupt in world history, and that includes US corporate apparatchiks, such as Mitch McConnell and Ron Wyden.

Think about this. Nixon is considered to have been one of the most corrupt president’s in US history. He was a man who’s crimes were considered so great that he was forced to resign from his office. Yet he ignored the advice and bribes of his corporate sponsors to create the EPA. And the crimes he committed pale in comparison to President Bush lying us into war, or to embroil us in the Iran-Contra scandal.

Something has gone terribly wrong with the USA since Nixon. Crimes are committed by people in high office, and there is no concern for punishment, because the criminals are in charge of the white house, the senate, the US house of representatives, and the US supreme court. There’s no one to answer to for ones crimes in government nowadays. The US government is rotten through the core with corruption.

Yet, there is an economic hurricane just around the corner. When that hits, we’ll be able to clean house, like FDR did in 1933. Get ready.

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