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Posts Tagged ‘supreme court’

Truer colors have never been more clear. As the economy continues to place more than 800,000 citizens on the unemployment rolls for many weeks in row, as the stock markets have tanked over the entire month of September 2020, as the number of people applying for welfare increase week after week, the Republicans have decided to divert all of their attention toward pushing through a Supreme Court nominee and the Democrat leadership have decided to say they intend do all they can to oppose that nominee.

Sure, there is talk of another stimulus package which lifted the stock market on Friday, but the two sides are so far apart that we can rest assure all discussion about a stimulus package is simply a joke perpetrated on us since the two sides are far apart and have been for months on this issue.

In the meantime, both Dems and Republicon Party leaders are using the Supreme Court issue to divert our attention from all of the above. There is not a whole lot the Dems can do to stop Trump’s choice. They insist if the Republicons go through with the nominee before the election, making 17 Republican senators liars and hypocrites in the process, the Dems will end the filibuster and pack the Supreme Court by pushing its number from 9 to 13 justices, if Biden wins and the Dems take the Senate.

Well, if Biden wins and the Dems take the senate the very last thing they will want to do is end the filibuster. Ending the filibuster means a simple majority vote is all that will be needed for the Dems to push through the agenda the grassroots of the party demand.

However, the billionaires who control the party do not want what the grassroots are demanding, such as a higher federal minimum wage like $15 an hour, greater healthcare coverage (such as Medicare for all or a public option), more legislatively enacted labor rights, a packed court, immigration reform, more paid time off for new parents, higher taxes on the rich and their corporations, enacting other legislation and federal action that would reduce income and wealth inequality, and a host of other things.

These things would drive corporate profits, share prices, and dividend payments down, and neither the billionaires who control the Republican Party and the billionaires who control the Democratic Party want that since this is where all their financial and political power, income and wealth emanate from. So all of the so-called Democratic resistance against Trump’s Supreme Court nominee will never be enacted.

There will not be an end to the filibuster because it allows both parties to not govern on behalf of their grassroots while allowing the billionaires who control both major political parties and the Supreme Court to get everything they want.

Questions about corporate power will not be asked of Trump’s nominee during the soon-to-be senate confirmation hearings. This is because Trump will choose a candidate who supports the billionaires and their corporations, somebody who will not want to say in public, “Yes, I believe that Amazon.com is a person deserving of Constitutional rights, including freedom of speech and religious choice, and yes when Amazon.com and Microsoft and any corporations spend money on politics this is Constitutionally protected free speech and the founding father’s believed it to be true.”

All Republican nominees to the court have pretended to believe this even though corporations are creations of state charters and have no ability to speak or spend money. Some rich person has to do all of this for corporations, and corporations are the center of billionaire financial power. Thus, Trump’s nominee will want to give the billionaires greater Constitutional rights than you and I have via their corporations. The Dem leadership also wants this.

If the nominee was to say in the confirmation hearings corporations (ie General Motors and TESLA) are people she will sound very stupid, and hideously biased in favor of the billionaires and their corporations, and therefore undeserving of the position since you cannot find any founding father who ever said or wrote anything so stupid.

The game is rigged folks, and not for you. It’s a rigged game for the billionaire club only. Divide and conquer the masses using social issues while ensuring the billionaires and their corporations can financially rape the 99 percent via their corporations and their corrupted Supreme Court is the name of the game. The leaders of both major political parties are playing the same game.

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U.S. democracy and the U.S. Constitution will sorely miss Supreme Court Justice Ruth Bader Ginsburg. She was one of the few honest judges fighting against a political coup that has taken place, whereby the US Constitution and U.S. democracy has been overthrown by the billionaires wing of the United States Supreme Court. This vicious attack has been ongoing for several decades now.

Now, one of the great defenders of the Constitution will likely be replaced by a corporate hack willing to say and do anything to deprive the vast majority of citizens of their constitutional rights by giving more to the rich and their corporations.

The corporate/billionaire wing of the court has been waging class warfare against the 99 percent for forty years in violation of the US Constitution and legal precedence. The corrupt activist members of the Court who blithely favor billionaire money, wealth and power over all else will now find it easier to subvert the United States Constitution once again by whatever corrupt means is necessary. Those justices corrupted by powerful vested interests are John Roberts, Clarence Thomas, Samuel Alito, Neil Gorsuch, and Brent Kavanaugh. All claim to be “original intent jurists.”

In other words, when they rule on a legal issue, they claim they follow the original intent of the founding fathers. Nothing could be further from the truth. All five have shown that their job is to rob the 99 percent of their Constitutional rights and to give more legal rights to the rich, which they have done time and again. This legal corruption makes it easier for the rich to steal from the rest of us.

The rich derive the vast majority of their political, economic and legal power from their ownership of limited liability corporations. Quite naturally, all five so-called original intent justices argue that publicly traded corporations are persons with all of the legal rights of human citizens. Imagine, these corrupt justices believe General Motors, Amazon, Microsoft, Exxon and Apple Inc. are people. These justices are not ignorant little boys. They know exactly what they are doing. Time and again they have given more Constitutional rights to the billionaires via their corporations and this diminishes the Constitutional rights of all others. The corrupt members of the court know this.

They know publicly traded corporations did not come out of a woman’s womb. They know corporations are simply an idea of a form of business structure given life by state legislation and are made up of inanimate objects (like computers, buildings and desks) glued together by state charters. They know the United States Constitution does not even mention the word corporation. They know that not a single one of the founding fathers ever mentioned “persons” and “corporations” together in any sentence, paragraph, or chapter of any of their voluminous writings. The idea that corporations are people subverts the original intent of the U.S. Constitution, which gives only individual person’s legal rights. Ideas of business models were never given any constitutional rights by anybody until corrupt supreme court justices decided it was so.

Since the rich control the mechanisms of corporations, the court’s decisions in this regard is to hand greater constitutional rights to this legislatively created tool of the rich, giving the 1 percent greater power than the founding fathers wanted or been able to imagine.

For example, the activist Supreme Court declared in its 2010 Citizen’s United ruling that corporations spending money on political advertisements is free speech, but nowhere in the United States Constitution is such power granted or even recognized. Ginsberg knew this was not true and that is why she dissented against Citizens United. She knew that nowhere in any founding father’s writings is such a power to be found. Nowadays, and as planned by the Justice Roberts and his corrupt collaborators, corporate advertisements are drowning out the free speech of all others, especially during election season.

In addition, this ruling eliminated one hundred years of campaign financing laws. Two corrupt US Supreme Court justices, Clarence Thomas and Antonin Scalia, “participated in political strategy sessions” to advance this case with corporate leaders whose political aims were advanced by the decision,” according to Common Cause.

The idea of conservative judges being original intent judges is a fairy tale used to substantiate their other fairy tales that justify rulings with the deliberate intention of redistributing income, wealth, constitutional rights and political power from the 99 percent to the billionaires and their corporations. The fairy tale lies that properties, and only properties which are united under a state issued corporate charter, is a person with constitutional rights takes far greater imagination than even a genius fairy tale creator such as J.K. Rowling, author of the Harry Potter series. Our guns, bullets, teddy bears, cars, as well as our self-owned businesses, and our houses do not have constitutional rights, but the collective property we call shares in corporations gives that property constitutional rights, and the billionaires far greater constitutional rights through their corporations.

As for the argument that the constitution provides associations of people with constitutional rights, and corporations are associations of people and that somehow ownership of a corporation makes you an association with hundreds of thousands and perhaps millions of other shareholders you will never meet and never know, much less associate wirh, is a complete made-up lie since the constitution only provides individual rights.

One of the great enemies of the Constitution and U.S. democracy is U.S. Supreme Court Chief Justice John Roberts. He gave sworn testimony in his confirmation hearings before the US Senate that he would respect legal precedents. Other than abortion issues, he, obviously, lied under oath. Think about it. A known perjurer in now the Chief Justice of the US Supreme Court. He has shown that his job is to overthrow the US Constitution on behalf of his class solidarity, on behalf of the billionaires, just like the other corrupt corporate members of the U.S. Supreme Court. He has been doing a marvelous job. These corrupt activist justices have simply been making up shit in order to give the rich and their business tools called corporations greater Constitutional rights while diminishing the Constitutional rights of the 99 percent in the process.

The lies, the made-up make-believe that ideas, such as corporations, are people and that money is free speech, the perjuries, and working with the rich on cases the justices are about to rule on demonstrate without a doubt that the sole purpose of the five and soon to be six corrupted members of the court has been to wage class warfare on behalf of the rich by subverting the US Constitution. Doing so has allowed for a greater political rule and constitutional rights for the billionaires, generated massive income and wealth inequalities, and these activist class warriors have succeeded against the original intent of our founding fathers.

We the people will sorely miss you Justice Ruth Bader Ginsburg as the dictatorship of the billionaires use their Supreme Court, which is their primary weapon in their class war against the rest of us, to tighten their grip on both major political parties, as well as government at all levels.

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The news media has touted Kamala Harris as a good selection by Joe Biden. She will rally African-American supporters to vote in greater numbers for Biden, the press has touted. In reality, the very existence of Donald Trump will rally African-American supporters. Harris was selected by Biden because that is who the billionaires that control Biden wanted. The last person they wanted was Elizabeth Warren, who Biden could never seriously consider to be his running mate, because the billionaires opposed her.

The Guardian recently reported that “Harris was the early frontrunner for the VP slot in part precisely because her political record reveals only spotty and inconsistent ideological commitments. During her own presidential bid in the primary cycle, she moved left on Medicare for All, Bernie Sanders’ signature issue, but then backtracked right. She claimed to have evolved her thinking on law enforcement and incarceration in one instance, then touted her record as a prosecutor in another. Harris was by no means alone in this ideological shape shifting: she was no more willing to alter her positions for the sake of convenience than, say Mayor Pete Buttigieg. But the shifts signaled that what Harris was selling to the American people was not so much an ideological commitment, like Sanders and Elizabeth Warren to her left, or Amy Klobuchar to her right. What Harris was running on was more cultural and affective. She was not selling a policy platform. She was selling her character; namely, the carefully projected impression that she was thick skinned, intelligent and unwilling to suffer fools.”

Like Biden, Harris is the choice of the billionaires who control the Democratic Party, willing to sell her soul to do whatever it takes, and for whomever it is necessary, to feed her ambitions. She has not been selected to be Biden’s VP because of her commitment to the welfare of the vast majority of Americans.

The selection of Harris may decrease Democratic turnout at the polls in closely fought states as progressive voters shun Biden, who has voted to export millions of American jobs, and redistributed trillions of dollars from working Americans to the idle rich during his time in Washington, and Harris, who appears to bend to the whims of the idle rich.

As such, Biden’s best campaign issue is Ruth Bader Ginsburg. The Supreme Court Justice is ailing and may not make it past the next four years. A conservative nominee under Trump will provide more constitutional rights to the mouse clicking rich and perhaps overturn Roe Vs. Wade. No doubt, Biden and Harris prefer the rich receive more constitutional rights than everybody else, but progressives do not.

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In the 1920s, Argentina was a nation with one of the great middle classes in the world, equal with most Europe nations. Then corruption sunk in and now Argentina is a nation filled with desperate people. We may be at such a tipping point in the United States.

The rich learned a valuable lesson from the Great Depression. Never let the stock market drop in value for too long. Otherwise, their economic and political clout will falter and open up the door for allowing democracy for the vast majority of citizens. Political corruption is so massive in the United States that members of both major political parties enacted the CARES Act in March 28, 2020. This was a $2.2 trillion economic rescue package that was actually a rescue package of over $6 trillion, most of which is making the top 0.01 percent of the U.S. population richer, while keeping political and judicial corruption at elevated levels.

The rich are receiving $4.95 trillion from the $2.2 trillion stimulus bill. You read that right. The $2.2 trillion includes more than $450 billion for large corporations, allegedly in loans. The bill includes a proviso that the Federal Reserve can print up to ten times that amount and lend that $4.5 trillion with a nod and a wink to large corporations. The combined profits of all US corporations in 2018 and 2019 were slightly over $4 trillion before taxes. The rich and their corporations, in other words, are getting more than two years’ worth of profits from the stimulus bill. This money will mainly go to the the 100 to 150 largest corporations, which will then funnel the money to the billionaires and multi-millionaires.

The Fed has been buying corporate bonds by the truckload every day. This money has been used in a large degree to providing dividend payments and keeping share prices up, which enriches the billionaires.

The primary purpose of this program has been to stifle democracy for the vast majority of citizens. If the stock markets had been allowed to continue falling in March 2000, the political, judicial and economic power of the rich would have evaporated and opened the door for democracy for the rest of us.

With the coming of the Great Depression and the New Deal programs of President Franklin Delano Roosevelt (FDR), Kim Phillips-Fein writes in her book Invisible Hands: The Businessmen’s Crusade Against the New Deal, “Many of these programs were measures that American’s business class had resisted for a generation, and the government enacted them at a moment when the power and prestige of business was at its nadir. The employer’s paradise had been lost.” The rich wanted it back in a big way. So they organized over a few generations and brought us to the economic disaster that has been unleashed upon us now.

The 1 percent derive 2/3rds to 100 percent of their income and wealth from owning shares of corporations. During the Depression, they had lost their power and prestige because corporate profits and the stock market had dropped 90+ percent from 1929 to 1933. This opened the door for FDR’s innovative socialist programs, such as Social Security, unemployment insurance, the minimum wage, controlling Wall Street’s depravity with the Securities and Exchange Commission, raising tax rates on the rich so they had less money with which to corrupt all three branches of the federal government and which also functioned to set maximum take-home wages, etc…. The rich appear to have learned a lesson the rest of us have plainly not learned.

The stock market must not be allowed to fall in value for the billionaires to continue their dictatorship of the United States. Both major political parties, the Federal Reserve, the United States Supreme Court, they’re all corrupted to the bone and the only thing allowing the 1 percent to continue corrupting government at all levels is the stock market, the fortunes of which have been disconnected from the real economy for at least a dozen years, and probably more. So long at the rich can use the Fed and the federal government to keep the value of the stock market disconnected from real world economic fundamentals, the door is open to enter that Argentine moment for the vast majority of United States citizens. We will become a nation of desperate people, if we have not already become so.

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I wonder how bad this economic downturn is going to be. This recession just began in February 2020. The economy is opening up for the first time since the coronavirus struck the United States and people are saying the economy is going to pop right out of its slump. I doubt that.

This week, I saw all kinds of people standing in the soup line three blocks long, which was three blocks longer than two weeks ago. Facebook just laid off my friend across the street a couple weeks ago. Just a week ago, a long-time friend was furloughed from her job for the summer. My domestic partner has seen her hours reduced at work. Middle class families are rummaging through my garbage and recycle bins. The rich are getting richer. Maybe that was the big boys plan.

No, I just do not see an economic recovery around the corner. I see a deep recession. One of my local bicycle stores is closed, along with two bakeries, the coffee shop, the chocolate shop, my chiropractor and others. Four blocks away two Vietnamese restaurants have closed permanently along with a pizza parlor. Seven blocks away the Roseway Theater is shuttered. Next to it the wedding store is closed forever, and next door to that the appliance repair store is gone. All have closed permanently since March 2020. All have been open since at least the 1980s. The Roseway Theater had been open since 1924.

The coronavirus pandemic ignited this recession, but its depth and misery for Americans have been caused by 40 years of relentless class warfare by the rich. The opening shots of the war began in 1971 when a little known Republican tobacco attorney named Lewis Powell wrote what is known as the Powell manifesto urging the rich to combine their resources, establish a variety of organizations to turn back the clock to the era of the robber barons, take over the courts, and generally fight back against the Constitutional and democratic rights of the vast majority of people. The rich took his advice. They organized. Out popped the Heritage Foundation, the Cato Institute, the American Legislative Exchange Council, the Federalist Society, and a lot more. Two months after he wrote his manifesto, Powell was sitting on the Supreme Court bench serving the rich as a legalized guerilla fighter in their war against the rest of us.

The Roseway Theater is closed and that financially helps streaming corporations like Amazon and Apple and their rich shareholders become richer. The local restaurants are gone but that financially helps Walmart, Domino’s Pizza and other major corporations and billionaire owned private equity companies by eliminating the local competition, and their rich shareholders are prospering at the expense of local business people, the real entrepreneurs, people who are our neighbors. The local coffee shops are gone, and that helps the affluent shareholders of Starbucks and other major coffee corporations get richer.

A recent poll shows 62 percent of Americans think the United States is in the toilet. Political corruption on a massive scale has done that, with the billionaires in control of both major political parties, as well as the Supreme Court. (Click here for that story)

The CARES Act of March 2020 was supposed to help the economy with loans to small businesses, but apparently, the authorized money is not enough and perhaps deliberately so. Thank you Nancy Pelosi, Mitch McConnell and Donald Trump. The CARES Act authorized $4.75 trillion to save the 1 percent who derive the vast majority of their income and wealth from major corporations.

Bloomberg reports the Federal Reserve is printing and giving billions of dollars to major corporations, such as Walmart, AT&T, and United Health. Technically, those are loans but will likely be forgiven. Meanwhile, those billions find their way into the hands of the rich via higher dividends and capital gains. Click here for that story.

If you count capital gains, the rich have gone from stealing 7 percent of all income produced in the United States in 1971 when Lewis Powell wrote the Powell Manifesto to at least 37 percent by 2016. It is likely closer to 40 percent in 2020. You can thank the corporate wing of the Supreme Court for much of that gain.

Don’t you think it’s time to forget about our petty differences on the social issues the rich have used their news organizations to get us to focus on, and unite to save ourselves against the depredations of the rich? If not for yourselves, why don’t you do it for future generations?

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Divide and conquer; nobody has done it better than the billionaires who have controlled the United States via their two major political parties and their Supreme Court for the last forty years. But first a few comments.

I wonder if the downturn of the stock market on June 9-11, 2020 was just a correction, although I am suspicious it marks an increase in market volatility on its way toward the intersection where the real downtrodden economy meets the robust Wall Street market. In which case, we could be looking at a rapid or slow and long-term decline in share prices.

I do not think a lot of people understand that we are at the beginning of a recession and not at the end. I suspect that many people were buying the stocks of corporations for the last two weeks that are going bankrupt (think Hertz) because of desperation of their financial situations since 40 percent of US adults do not have $400 to cover an emergency, not in savings, not in credit cards or other assets, if I remember correctly.

I have read and listened to many experts on the rise of the stock market since March while the economy has tanked, but I have not heard how income and wealth inequality has driven the stock markets to record highs by redistributing trillions of dollars from the 99 to the 1 percent over the last forty years, nor do I hear how financially desperate many people are; not even those who are buying bankrupt Hertz and J.C. Penny shares. Those subjects are not allowed by the billionaires who own all the major news sources.

I have a good neighbor and he just got laid off from his job and fears losing his house. I see desperation written all over his face and in the tone of his voice when I speak with him. I see the middle class families in nice cars and wearing nice clothes rummaging through the recycle bins the night before the trucks pick that stuff up. Most, but not all of these folks, did not begin their rummaging pilgrimages until March. I watched videos a few days ago of the first food lines for the middle class since the Great Depression of 1929-40, a line of 600+ cars deep, people in their new Toyota Lexus’s, and other high end newer cars, who needed to gather free food in order to feed themselves. 20 to 40 million people are unemployed and all the congress would do was save the billionaires. See The CARES Act; the Rich get $4.75 Trillion and We Get the Crumbs.

We are at the beginning of a recession that will be severe because 40 years of the greed of sociopathic rich folks who control both major political parties and the Supreme Court, and who can never get enough money, and far more than they could ever spend, and who derive almost, and in many cases, all, of their income and wealth from the ownership of corporate shares, either through capital gains, dividends or corporate bonds.

Then you have the gullible grassroots on the political right who have been led to think the communists are controlling things; and then you have the gullible on the left who think the Democratic Party leaders actually give a rat’s ass about them; for the grassroots of both the left and right, the reality is unhidden and staring straight into their eyes.

All you need to do is look at Nancy Pelosi’s Heroes Act, the fifth stimulus since coronavirus shut down the U.S.; this legislation extends the government’s extra $600 unemployment insurance per week through the end of the year, and provides other income to the 99 percent too, although much of the money in the proposed legislation will still go to the rich. Pelosi waited to push the Heroes Act through the Democratic controlled House after both Republican Senate Majority Leader Mitch McConnell and President Trump said they were not interested in a fifth stimulus. Pelosi knew the Heroes Act was grand theatre for the blind faithful even though she could have easily negotiated more money for the 99 percent with McConnell and Trump during the first, second, and third bailouts, when McConnell and Trump were desperate to save the billionaires who pull their strings, which happen to be the same strings they use to pull Nancy Pelosi with. She did not negotiate for us little folks. Did she?

The billionaires pulled the strings of Pelosi, McConnell and Trump to come up with the notorious CARES Act, which bailed out the rich and their corporations to the tune of $4.75 trillion while throwing crumbs at the masses, which made for good theatrical effect. The billionaire’s corporate news media did their duty and only reported on the crumbs and how great they were.

As for the grassroots on the right, the CARES ACT alone should tell them how insanely wrong they are to assume Democratic Party politicians are controlled by communists, and the CARES Act should tell them that Republican politicians would not give a snail’s fart to help them out during the worst economic crisis since the Great Depression. And you would think the blind followers of the Democrats could figure out that the Democratic Party politicians have not cared about them since Jimmy Carter was president.

The voters of both sides, you would think, would by now figure out that both Democratic and Republican Party politicians threw them overboard forty years ago. It only takes one thing: using your brains to put two and two together.

Billionaires own this nation, both political parties, they have at least five United States Supreme Court judges in their back pockets, along with a lot of other judges; they own the media and only tell you what they want you to believe, and most of you believe the propaganda and the lies used to turn the grassroots of the right and the left against each other.

No, this economic crisis will not be over soon. This is going to be a long economic nightmare. The rich have gotten richer while the rest of us have been drained financially dryer during the last few months alone.

We have to figure out how, as a people and as a nation, we want to come out of this crisis. Lurching forward into another economic wasteland like Argentina is for the vast majority of its people; or with a strong political change that reins in the obvious corruption at all levels of the U.S. government, and ensuring a government of, by and for the people, rather than just continuing to impoverish ourselves under the dictatorship of the billionaires.

We have a collective choice to make and the time has come to cast aside our petty differences and organize. The 1 percent were taking at least 37 percent of the income produced in this nation in 2019, up from 8 percent in 1980. They are probably raking in over 40 percent so far this year. Jeff Bezos, Warren Buffett and Bill Gates owned more wealth than the bottom 50 percent of Americans, and that was before the crisis began. They are richer now.

If our situation continues on this path, the rich will steal even more income and wealth than is currently the case. Then we will be a nation like Argentina, once boasting a prosperous middle class on a level with the best European nations, and now with a population of mostly desperate people.

In the USA, the dictatorship of the billionaires will continue and become stronger unless the grassroots of both sides come together and realize they have economic issues that bind them. Until that day, the dictatorship of the billionaires will continue to impoverish us all even more so than today.

The billionaires will continue to use their corporate media to divide us and make permanent their conquest and subversion of our democracy, our Constitution, and our governments at all levels, local, state and federal.

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The billionaires who own the Democratic Party are preparing to sit out the presidential campaign fundraising cycle, and have threatened to back President Trump if Senator Elizabeth Warren wins the party’s nomination. We know where the loyalty of the billionaires who control the Democrat Party lie, and it is with their comrades in arms, the billionaires who own the RepubliCon Party.

The billionaires that control both major political parties work hard using their news media and talking heads to get Democratic and Republican voters to side with their party and argue with one another about social issues, such as abortion, gun control, or whether or not transgender bathrooms should have urinals, and whether or not Albus Dumbledore of Harry Potter fame is gay or not, and whether or not Santa Claus should be depicted as transgender or not, rather than talking about income, wealth and the political inequality the billionaires, their politicians (such as Wall Street Senator Ron Wyden) and their Supreme Court have created, and how the billionaires have rigged and corrupted the democracy we live in, while simultaneously working together to financially rob and rape the 99 percent of both Parties in whatever way possible so long as it makes them richer in the process.

The billionaires who control the Democratic Party have already supported President Trump on a number of issues, such as tax cuts for the rich.

Warren tweeted in response to the threat, “I’m fighting for an economy and a government that works for all of us, not just the wealthy and well-connected. I’m not afraid of anonymous quotes, and wealthy donors don’t get to buy this process. I won’t back down from fighting for the big, structural change we need.”

In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden and Bernie Sanders in the 2020 race.

What CNBC did not say was that the vast majority of U.S. citizens need a new Franklin Delano Roosevelt as United States president in order to stave off the predations of the billionaires who own both major political parties, as well as the corrupt/corporate/conservative wing of the United States Supreme Court.

One Democratic Party senior private equity executive said, “You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump.’” This billionaire spoke on the condition of anonymity in fear of retribution by party leaders. The executive said this Wednesday, a day after Speaker Nancy Pelosi announced that the House would begin a formal impeachment inquiry into Trump.

During the campaign, Warren has put out multiple plans intended to curb the corrupting influence of Wall Street on government, both major political parties, and the United States Supreme Court, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy. The billionaires surely do not want that. Trump, meanwhile, has given wealthy business leaders a helping hand with a major corporate tax cut and by eliminating regulations.

Warren has sworn off taking part in big money fundraisers for the 2020 presidential primary. She has also promised to not take donations from special interest groups. She finished raising at least $19 million in the second quarter mainly through small-dollar donors.

Trump, has been raising hundreds of millions of dollars, putting any eventual 2020 rival in a bind as 20 or so Democrats compete for their party’s nomination.

Trump’s campaign and the Republican National Committee have raised over $100 million in the second quarter, and a record $125 million in the third quarter. Most of that came from wealthy donors who gave to their joint fundraising committee, Trump Victory. In August, the RNC raised just over $23 million and has $53 million on hand.

The Democratic National Committee have struggled to keep up. The DNC finished August bringing in $7.9 million and has $7.2 million in debt. CNBC decided not to mention this is because Democratic grassroots voters are throwing tens of millions of dollars to the Warren and Bernie Sanders campaigns.

Biden, who has courted and garnered the support of various wealthy donors, has started to lag in some polls. The latest Quinnipiac poll has Warren virtually tied with the former vice president. Biden was one of three contenders that saw an influx of contributions from those on Wall Street in the second quarter.

The business community’s unease about Warren’s candidacy has surged in tandem with her campaign’s momentum. CNBC’s Jim Cramer said earlier this month that he’s heard from Wall Street executives that they believe Warren has “got to be stopped.”

Some big bank executives and hedge fund managers have been stunned by Warren’s ascent, and they are primed to resist her. Ultimately, this means they intend to resist the will of the vast majority of United States citizens.

“They will not support her. It would be like shutting down their industry,” an executive at one of the nation’s largest banks told CNBC, also speaking on condition of anonymity. This person said Warren’s policies could be worse for Wall Street than those of President Barack Obama, who signed the Dodd-Frank bank regulation bill in the wake of the 2008 financial meltdown.

Yet before Obama was elected, his campaign took over $1 million from employees at Goldman Sachs, according to the nonpartisan Center for Responsive Politics.

A hedge fund executive pointed to Trump’s tax cut as a reason why his colleagues would not contribute or vote for Warren if she wins the nomination.

“I think if she can show that the tax code of 2017 was basically nonsense and only helped corporations, Wall Street would not like the public thinking about that,” this executive said, also insisting on anonymity.

This really means something simple: if you want to vote for your interests, as well as the interests of the vast majority of United States citizens, vote for Elizabeth Warren or Bernie Sanders. If you want to vote for the interests of the billionaires’ vote for Joe Biden.

Billionaires Rise Up Against Elizabeth Warren

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The gap between the richest and the poorest U.S. households is now the largest it’s been in the past 50 years according to new data from the U.S. Census Bureau.

U.S. income inequality was “significantly higher” in 2018 than in 2017, the Census Bureau says in its latest American Community Survey report. Since the rich in the United States possess earnings and investments abroad, it is likely the income and wealth gaps are much larger than the Census Bureau measures.

The gap grew despite a surging national economy that has seen low unemployment and more than 10 years of consecutive GDP growth.

The most troubling thing about the new report, says William M. Rodgers III, a professor of public policy and chief economist at the Heldrich Center at Rutgers University, is that it “clearly illustrates the inability of the current economic expansion, the longest on record, to lessen inequality.”

That is because the rich are using their political power to create income inequality in their favor.

When asked why the rising economic tide has raised some boats more than others, Rodgers lists several factors, including the decline of organized labor and competition for jobs from abroad. He also cites tax policies that favor businesses and higher-income families.

To understand even a little of how labor unions have been weakened you only need to look at a few of the legal decisions made by the corrupt corporate wing of the United States Supreme Court when it sided with the billionaires and their corporations in the Janus vs. AFSCME case. The corrupt wing of the court, lead by Cheif Justice John Roberts, decided to put an end to decades of legal precedent in which labor union members who did not want to pay union dues were required to pay a lesser fee to their unions to cover the cost of negotiating new contracts with management. Now labor unions are the only organizations in the United States that must provide free services to members who do not wish to pay. The corrupt wing of the court’s intention in making this decision was to weaken the power of labor unions, and working people in general, vis-a-vis the billionaires and their corporations.

Everybody knew the corrupt corporate wing of the court was going to vote in favor of Janus and end four decades of legal precedent in the process. Everybody knew the billionaires had the corporate wing in their hip pocket.

Income inequality is measured through the Gini index, which measures how far apart incomes are from each other. To do that, the index assigns a hypothetical score of 0.0 to a population in which incomes are distributed perfectly evenly and a score of 1.0 to a population where only one household gets all of the income.

The United States has been one of the most unequal of nations in the world using the Gini coefficient. The U.S. is ranked 103 in the world by the World Bank for income inequality, behind every major industrialized country, and up there with such nations as Haiti and Uganda. The U.S. was ranked at 73 ten years ago, so inequality continues to worsen here.

The billionaires’ control the corrupt corporate wing of the United States Supreme Court, the entire Republican Party, and most Democratic politicians at the national level. Therefore, you can expect income and wealth inequality will continue to get worse in the United States.

In other words, vote for Bernie Sanders or Elizabeth Warren for president.

US Census Bureau Report

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A few years ago, I mentioned that the conservative/corporate wing of the United States Supreme Court would never vote to end abortion rights. Click here for that story.

The billionaire owned New York Times reported last month, “At Chief Justice John G. Roberts Jr.’s confirmation hearings 14 years ago, the first dozen questions were about whether he would respect the Supreme Court’s abortion precedents.” Well, last month Roberts voted with the court’s honest wing to strike down a Louisiana law that would have severely crippled abortion rights in the state.

The Times explained Roberts decision this way, “Although he offered no reason for his vote, there is little doubt that he wanted to avoid sending the message that the court was ready to discard a 2016 decision, a precedent, in which it struck down a similar Texas law.”

The Times explanation can be considered pure blather. Roberts does not care about “legal precedent” at all and never has. He has voted against legal precedent numerous times. For example, Roberts voted to unleash the financial power of the rich and their corporations by voting against campaign finance laws that curbed the ability of the rich to buy politicians and elections with overwhelming financial might, including the notorious Citizens United v. FEC case of 2010. That decision overturned 100 years of legal precedent. So the New York Times explanation for why Roberts elected to protect abortion rights is absurd, if not a downright lie intended to deceive its readers.

The real reason why the conservative/corporate United States Supreme Court Chief Justice John Roberts cast his vote to maintain abortion rights is more likely to continue to keep the Republican Party grassroots voters in line and their eyes only on one thing; abortion and the dying unborn.

Those rights won’t be significantly impeded legally 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, just like Jesus once did, and the leadership cannot have that.

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‘He was a grateful man…just not in a good way.’

The citizens of Florida may have dealt President Trump a death blow to any reelection success when they voted yes to Amendment 4, which restored voting rights to 1.5 million former felons. Naturally, this proved to be a great disturbance within the minds of the Republican Party leadership who prefer to reduce the number of people voting, which enhances their opportunities to win, along with electoral fraud, such as rigging voting machines.

According to Vox, “Black people, who are disproportionately arrested and incarcerated, will benefit the most. In 2016, more than 418,000 black people out of a black voting-age population of more than 2.3 million, or 17.9 percent of potential black voters in Florida, had finished sentences but couldn’t vote due to a felony record, according to the Sentencing Project. (Again, this includes some people convicted of murders and felony sex offenses.)”

Donald Trump won the state of Florida on November 8, 2016, with a plurality of 49.0% of the popular vote that included a 1.2% winning margin over Hillary Clinton, who had 47.8% of the vote.

Amendment 4 might very well turn the presidential election to the Democratic candidate, especially if that candidate is Bernie Sanders, Elizabeth Warren, or Jeff Merkley, all of whom are progressive Democrats, the antithesis of such corporate and Wall Stree Democrats as Hillary Clinton and Ron Wyden.


The final word about the election is that it was not a blue wave. Instead, it was a progressive wave against the corruption of both major political parties by the billionaires and major corporations. This suggests that the end of billionaire rule in the United States may be nearing an end, with the restoration of democracy clearly in sight.

The only thing missing is something to provide a big push, such as a major recession, but that is coming. It is just a question of when.

Once both houses of Congress are restored to the people, only the corrupted US Supreme Court will remain in the hands of the billionaires and their corporations. The corrupted justices (John Roberts, Brent Kavanaugh, Samuel Alito, Neil Gorsuch, and Clarence Thomas) will continue to make rulings against the U.S. Constitution whenever the financial interests of the billionaires run up against it, and whenever the interests of the 99 percent may reduce the continued accumulation of wealth, income and political power on the part of the billionaires, and at the expense of the 99.9 percent.

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