Posts Tagged ‘Trans Pacific Partnership (TPP)’

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While US Senator Elizabeth Warren battles for the working families of the United States, Wall Street Senator’s Ron Wyden, Mitch McConnell and Orrin Hatch are launching the latest assault against the middle class by pushing the Trans Pacific Partnership (TPP) income redistribution agreement through the senate.

Wyden, Hatch, and McConnell support the treaty because it will redistribute more income from the 99 to the 1 percent, which is precisely why Warren opposes this boondoggle.

In her speech, Warren says that 90 percent of the people of the US received about 70 percent of income growth from the 1930s until 1980. Since then, Warren points out, the top 10 percent has gotten 100 percent of all income growth, which is something Wyden, Hatch, and McConnell are working so hard to do. But that’s not quite accurate.

Wyden, Hatch, and McConnell have been trying to push all income growth into the pockets of the 0.01 percent via legislation and trade agreements, such as the Trans Pacific Partnership. They’re close to succeeding since 95 percent of all income growth since 2009 has gone into the pockets of the 1 percent. President Obama is also pushing hard to pass the TPP through congress.

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In 2014, rising income inequality became a front-burner political issue. This figure shows that the stakes of rising inequality for the broad American middle-class are enormous. In 2007, the last year before the Great Recession, incomes for the middle 60 percent of American households would have been roughly 23 percent (nearly $18,000) higher had inequality not widened (i.e., had their incomes grown at the overall average rate—an overall average buoyed by stratospheric growth at the very top). The temporary dip in top incomes during the Great Recession did little to shrink that inequality tax, which stood at 16 percent (nearly $12,000) in 2011.

The difference in income between what should have been for middle income households and what it actually is has been redistributed to the 1 percent over the last thirty years via such legislation as income redistribution treaties, which the propaganda machine of the 1 percent, often called the free press, calls free trade treaties.

Corrupt politicians of both parties push these treaties via lies to the American people. Most American know these arguments are lies, which is why trust in the corporate media is at an all time low.

When jobs are shipped overseas, or created there by US corporations, due to free trade treaties, the difference between the old higher US wages and the new lower wages goes into the pockets of the 1 percent via higher corporate profits, rising dividends, and surging share prices.

Once these jobs are shipped or created overseas, more and more US citizens have to compete for a smaller number of jobs, which puts downward pressure on wages, benefits and salaries. The difference between the old wages in the US and what should have been is redistributed to the 1 percent via the same mechanisms alluded to in the preceding paragraph.

The result of free trade is an economic game rigged against the middle class.

President Obama is pushing the Trans Pacific Partnership, the largest income redistribution treaty of all time. It is also the secretly negotiated treaty of all time. A total lack of transparency over the deal’s components and some emerging details have created unlikely allies on the issue. Details from negotiations have been leaked against the wishes the president.

From these documents, which can be found on Wikileaks, we know the secretive Trans-Pacific Partnership will grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent; which will effectively eliminate your votes on local and state levels for and against such things (which most people call voter suppression, but in this case it should be called voter elimination), outsource millions of jobs, offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent), limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent), and block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent). It will also kill the remainder of the US textile industry, destroy millions of jobs in Latin America, drive millions of undocumented immigrants into the United States, and depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent. And we can’t forget that it will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. In other words, this scam is the largest income redistribution treaty of all time from the 99 to the 1 percent. And we barely know any of the details.

President Obama supports this treaty, as does Wall Street senator’s Ron Wyden, Orrin Hatch and Mitch McConnell. The game is corruption, and the game is rigged.

The Trans Pacific Partnership is the biggest assault on the middle class by the 1 percent since they launched the war on the middle class back in 1981.

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Worldwide protests took place yesterday November 14, 2014 all over the world in an effort to stop President Obama’s great scheme to redistribute massive amounts of democracy and income from the 99 to the 1 percent via the Trans Pacific Partnership (TPP), the largest income redistribution treaty of all time. The grannies in the video above are singing against the TPP.

In Portland, Oregon citizen’s met in front of Wall Street Congressman Earl Blumenauer’s office. Led by Elizabeth Swager of Oregon Fair Trade, the citizen’s went inside to voice their concerns to the congressman’s staff. Then they strolled to Wall Street Senator Ron Wyden’s office to voice their concerns.

In typical fashion, both the senator and the congressman vote liberally on most social issues. Then, when nobody is looking, and certainly not the corporate press, these two Wall Street favorites consistently vote to redistribute income from the 99 to the 1 percent. Wyden has a 100 percent voting record to this purpose.

The TPP is called a free trade treaty, but it has almost nothing to do with trade. It’s mainly about curbing Internet freedom, raising the prices of pharmaceutical drugs, curbing Wall Street regulations, eliminating local and state laws protecting the health of citizens and the environment, exporting millions of American jobs overseas and redistributing the difference between the old higher and new lower wages into the already fat pockets of the 1 percent. The TPP is about exporting millions of Latin American jobs to Asia and the difference between the old wages and the new will go to the 1 percent. It’s about driving millions of Latin Americans illegally into the US and pushing wage rates down here, and the difference between the old wages and the new lower wages will go to the 1 percent via higher corporate profits, rising dividends and soaring share prices.

And this is just a tiny bit of what we know about the most secretly negotiated treaty in US history. That’s from leaked documents.

The treaty will redistribute democracy and the income of millions of American citizens to the 1 percent via a variety of legal mechanisms within the treaty. In other words, Obama, Wyden, Blumenauer and Wall Street Republican Senator Mitch McConnell are rigging the legal, governmental, and financial game against the 99 percent even more than they already have. This so-called treaty is a death blow to the middle class in America.

So where are the conservative raging grandmothers?

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This is the income redistribution treaty Wall Street Republicans, such as Orrin Hatch, John Boehner and Mitch McConnell are salivating over. This is the income redistribution treaty President Obama and Wall Street Democrats, such as Ron Wyden, are salivating over. The Trans Pacific Partnership Agreement (TPP or TPPA) is the income redistribution treaty that is intended to destroy US democracy and destroy the US middle class.

By the way, there are a lot more bad things for the middle class going on than the video lets on, such as negotiators are pushing for higher pharmaceutical drug prices, and eliminating any local, county or state abilities to label GMOs. In other words, Obama and this gang of Republicans and Democrats intend to use this treaty to curtail your voting rights. President Obama, and Democrats in general, call this voter suppression.

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Senator Warren does an excellent job of explaining what has happened to push the middle class down a few notches in the video above. However, she misses some key points. Free trade treaties, for example, have led to the exportation of American jobs by the tens of millions since 1990, according to the Federal Reserve Bank.

The difference between the old higher wages and the new lower overseas wages goes straight into the pockets of the uber rich, which is why Wall Street Senator Ron Wyden supports these income redistribution treaties.

Currently, Wall Street’s favorite senator is pushing the Trans Pacific Partnership, the greatest income redistribution treaty of all time. This is almost entirely President Obama’s treaty, and we’ll never forget that Goldman Sachs was the biggest contributor to the president’s 2008 and 2012 presidential bids. Every major so-called free trade treaty has increased the US trade deficit. Why would anybody in their right mind want to increase that? Oh, that’s right. These treaties are about redistributing income from the 99 to the 1 percent.

That’s just one thing that Warren doesn’t explain. There are many other things in the form of legislation that has redistributed income from the 99 to the 1 percent, but I don’t have time to go into that.

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

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

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

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

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

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

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

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