Posts Tagged ‘Trans-Pacific’

Free trade is a failed economic policy. Just look at your nation. After thirty years of free trade policies, unemployment is high because tens of millions of jobs have been shipped overseas. The 1 percent have stolen an increasing share of the total national income via free trade treaties, up from 8 percent in 1980 to a little over 30 percent today. That means the 99 percent have less money to burn, ensuring that demand for goods and services is weak, and that fewer jobs are being created than thirty-two years ago, when the Gross Domestic Product and the national population were about 60 percent the size of today. Shared prosperity has not been accomplished because the free trade policy was an income redistribution scam that has been backed by useful idiots of the 1 percent, such as Wall Street Senator Ron Wyden.

Despite the overwhelming evidence to the contrary, Wyden wants us to believe that free trade has been good for the nation. No it hasn’t, but it has been good the 1 percent of the population that he represents.

The super rich are getting richer while the rest of us are being financially pushed down. Part of the problem is free trade. The super rich benefit the most from the biggest welfare program of them; free trade. Those treaties open up foreign nations for US corporations to ship jobs there, or to create them there, when otherwise they could not. The difference between the old, higher, US wages and the new, lower wages goes into the pockets of the super rich via higher corporate earnings, rising share prices and surging dividends.

Those treaties have allowed corporations to ship our tax base overseas, and redistributed those taxes into the pockets of the rich. That’s why our schools are jammed packed and in disrepair. That’s why our government services cost more, with fees to enter parks, rising car and title registration, etc….

In the UK, some folks have figured out the free trade scam. One can only assume that Wyden has been paid by Wall Street to lie to us. According to the UK, “…staring dumbfounded at the lessons unlearned in Britain, Europe and the US, it strikes me that the entire structure of neoliberal (free trade) thought is a fraud. The demands of the ultra-rich have been dressed up as sophisticated economic theory and applied regardless of the outcome. The complete failure of this world-scale experiment is no impediment to its repetition. This has nothing to do with economics. It has everything to do with power. Parenthesis are mine, and I bold the letters.

Wall Street has the power, via their ownership of politicians such as Wyden, John Boehner, Paul Ryan and Barack Obama. The president’s people are negotiating the Trans Pacific Partnership, the biggest free trade income redistribution scam of all time. Don’t let him destroy the middle class. Stop the madness of this failed economic policy.

Click the link below for the full story from the Guardian of the UK.



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Senator Ron Wyden, who is supposed to represent the people of Oregon, but who represents the 1 percent of people who use Wall Street to steal money from the 99 percent, is not happy with the latest income redistribution scam put forth by the Obama administration. That scheme seeks to redistribute more and more income from working people to the ultra wealthy.

The senator is the chairman of the senate subcommittee on trade. He is leading the charge against the scam, which is something of a miracle, but more of a coincidence, since he normally aids and abets such plots against the American people.

The Trans Pacific Trade Agreement (TPP) is being negotiated in secrecy, except for the 600 corporate lobbyists with access to the negotiators and a few members of congress. The negotiations involve twelve nations and it’s going to be bigger than Nafta. That’s a ton of income the Obama administration is planning to redistribute from working Americans to Wall Street.

Leaked documents show the pharmaceutical corporations want higher prices. Can you guess whose pockets they intend to pick when the TPP is enacted into law? Yours, or some other working stiffs somewhere. And then Big Pharma will take their higher prices, swell their profits, jack up their dividends and pump up their share prices. That’s how the extra money working stiffs will pay to stay healthy and alive will wind up in the pockets of the affluent. Think about it for just a moment.

The Obama administration is negotiating to jack up the price working people will pay to stay alive. That’s how the free trade income redistribution scam works. Your money or your life. Sounds like highway robbery to me.

Senator Wyden normally supports Wall Street in the rape and pillage of the 99 percent, especially via free trade scams. So what gives?

Wyden said, “The majority of Congress is being kept in the dark as to the substance of the TPP negotiations, while representatives of U.S. corporations — like Halliburton, Chevron, PhRMA, Comcast and the Motion Picture Association of America — are being consulted and made privy to details of the agreement.”

This statement explains a great deal. Wyden represents Google and other Internet firms. They are opposed to anything which would inhibit downloading and other things they do to make a profit. The movie industry and others don’t like this. The TPP could be a vehicle to go around Wyden and other supporters of Internet freedom. In this way, Wyden appears to side with the people of Oregon, whom he is supposed to represent, but whom he does not normally on economic matters, since he likes free “income redistribution” trade scam treaties. But his opposition to the secrecy of the TPP is a happy coincidence for the people of Oregon.

There is one other thing to note. The senator’s opposition is not to the TPP, but to it’s secrecy.

Related stories

Trans-Pacific Partnership: Key Senate Democrat Joins Bipartisan Trade Revolt Against Obama

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