Tuesday, June 6, 2017

SILVIO CANTO, Jr. - BERNIE SANDERS JOINS THE RICH.... BUT WASN'T HE ALWAYS A PHONY POPULIST OR MERELY HILLARY'S LAP BITCH?

To be honest, I'd love to be a millionaire, too.  Who wouldn't love to sell thousands of books or get large amounts to express his opinion? What a country!  They don't let you do that in Cuba or Venezuela or the old USSR, whe...

Bernie: Do you really need $1 million to live?



To be honest, I'd love to be a millionaire, too.  Who wouldn't love to sell thousands of books or get large amounts to express his opinion?
What a country!  They don't let you do that in Cuba or Venezuela or the old USSR, where we hear that Bernie and wife spent their honeymoon.  (By the way, we learned later that Mr. and Mrs. Sanders were there as part of his duties as Mayor of Burlington, Vt.)
Unfortunately, this is not a story about a guy who started a business and created countless jobs.  This is the story of a man named Bernie Sanders:
Thanks in large part to his successful foray into authorship, Sen. Bernie Sanders (I-Vt.) made more than $1 million in 2016. That's according to his latest U.S. Senate financial disclosure, which he filed Sunday after receiving a 20-day extension.
The most notable source of income: book royalties. Sanders received a $795,000 advance for his best-selling book, "Our Revolution." He got another $63,750 for his forthcoming "Bernie Sanders' Guide to Political Revolution," a book aimed at young readers co-authored with Kate Waters. And he took in $6,735 in royalties for his 1997 memoir "Outsider in the House."
That's more than $865,000 for peddling his working-class ideas. Not bad.
Then there's the $2,521 Sanders earned last year in royalties for his 1987 spoken-word folk album, We Shall Overcome. 
Overcome what, Mr. Sanders?  Your hysterical hypocrisy?
I wonder if he opened an offshore account to protect his income from U.S. tax laws.


"The study demonstrates, yet again, that the super-

rich are a law onto themselves, living in a world 

completely separate from the vast majority of 

humanity."

Study: The ultra-rich hide 25 percent of their wealth in tax havens
By Gabriel Black
5 June 2017
A study released May 28 by University of 

California Berkeley economist Gabriel 

Zucman and two Scandinavian colleagues, 

Tax Evasion and Inequality,” demonstrates 

that global wealth inequality is drastically 

underestimated in official statistics because of

how successful the super-rich are at evading 

taxes.
According to the paper, the super-rich, that is the top .01 percent, hide some 25 percent or more of their wealth. This is primarily due to the exploitation of offshore tax havens that allow them to avoid paying taxes where their income is actually accrued, and where they actually live.
The study demonstrates, yet again, that the super-rich are a law onto themselves, living in a world completely separate from the vast majority of humanity. Earlier this year, Oxfam reported that only eight men control as much wealth as the bottom half of humanity. However, the findings of this new paper suggest that wealth concentration is even higher.
The authors of the paper write, “The many data sets used in this article all paint the same picture: the probability to hide assets rises very sharply with wealth, including within the very top groups. As a result, offshore wealth turns out to be extremely concentrated. By our estimate, the top 0.01% of the distribution owns about 50% of it [offshore wealth].”
They conclude, “this implies that the top 0.01% hides about 25% of its true wealth”

Zucman explained to the Los Angeles Times, “There’s a big industry providing wealth management services for the super-wealthy all over the world. … Once you cross a certain threshold of over $50 million, you get offered those services.”
The study’s authors, Anette Alstadsaeter, Niels Johannesen and Gabriel Zucman, rely on several sources to make their analysis. The first and most important is leaked data from HSBC Private Bank (Suisse), the Swiss arm of HSBC, the sixth-largest private bank in the world. The data from HSBC Private Bank (Suisse), which was exposed in 2015, shows how the bank hides billions of dollars of taxable money for corporations such as Google and Amazon, as well as a variety of extremely wealthy clientele. The dirty stream of money exposed in the leak went as high as former US President Bill Clinton, and involved several billionaires and public figures.
Another source they use is the data from the Panama Papers, the massive leak of files from the Panama-based law firm Mossack-Fonseca in 2016. Those files showed how the law firm made millions of dollars helping politicians and the super-rich stash their money and hide it to evade taxation.
A third source they use is data from Norwegian, Danish and Swedish tax authorities showing households who voluntarily disclosed previously hidden assets in exchange for tax amnesty. Zucman, et al. were able to match assets exposed by the 2015 HSBC leak and the Panama Papers with government data in the Scandinavian countries. This method allowed them to understand the average amount of wealth the super-rich said they had versus what they actually had in undisclosed accounts.
The paper showed that in Norway, when offshore assets are added, the Norwegian super-rich show a 30 percent rise in income and the increase is likely to be higher in other countries.
“Because most Latin American, and many Asian and European economies own much more wealth offshore than Norway, the results found in Norway are likely to be lower than for most of the world’s countries,” the authors noted.
Zucman told the Los Angeles Times, “There is good reason to believe that the very steep gradient [in tax evasion by the wealthy] is also the case in the US.”
According to the conservative figures of the Internal Revenue Service, which does not cover legal tax havens, $406 billion in taxes are unpaid every year. An investigation into the HSBC leak by the CBS News program “60 Minutes” showed that the Swiss bank run by HSBC had about 4,000 US taxpayers with wealth exceeding $13 billion.
The individual tax evasion highlighted in the report, however, is only part of a much broader phenomenon. Tax evasion in the US literally takes place on an industrial scale and is built into the business model of major US corporations.
It has been estimated that US firms hold about $2 trillion in cash on offshore holdings largely to escape paying US taxes—an amount roughly equivalent to 14 percent of American gross domestic product.
The most prominent example is Apple which holds $240 billion out of its $256 billion in cash reserves offshore in order to avoid paying taxes on this money if it repatriated it. At the same time, it borrows tens of billions of dollars in the US, much of it in order to finance share buybacks and dividend payments in order to boost its share value.
The operation of this seemingly perverse logic—borrowing money while having an ocean of cash on hand—is the outcome of policy decisions of the US Federal Reserve since the eruption of the financial crisis of 2008 aimed at boosting the wealth of the financial elite.
Its policy of quantitative easing, which has pumped around $4 trillion into the US financial system coupled with the maintenance of ultra-low interest rates, means that Apple only has to pay interest ranging between 1.6 and 4.3 percent to finance operations that boost the value of its shares—far less than the cost in taxes that it would have to pay if it repatriated its overseas holdings.
As a result of these and other financial machinations, Apple’s total market value passed $800 billion earlier this year and is well on the way to the $1 trillion mark while the social cost of these operations is borne by millions of working-class families who are deprived of vital services because it is claimed that government has no money to pay for them.
Apple, however, is only the biggest example of a process which extends across the corporate world. Among the other big holders of overseas cash reserves are: Microsoft, with $113 billion; Cisco Systems, with $62 billion; Oracle, with $52 billion and Google’s parent company, Alphabet, with $49 billion.
These figures underscore the fact that tax evasion and the gains secured by the “malefactors of great wealth” are not the result simply of their individual actions but are the product of an economic and political order of, by and for the rich.


“But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now.”

Wikileaks exposes Obama’s bankster-infested

 

administration!

  
BARACK OBAMA …… the banksters’ RENT BOY!
 “Citigroup’s recommendations came just three days after then-President George W. Bush signed into law the Troubled Asset Relief Program, which allocated $700 billion in taxpayer money to rescue the largest Wall Street banks. The single biggest beneficiary was Citigroup, which was given $45 billion in cash in the form of a government stock  purchase, plus a $306 billion government guarantee to back up its worthless mortgage-related assets.”

MUCH MORE HERE:


“As president, Obama not only funneled trillions of dollars to the banks, he saw to it that not a single leading Wall Street executive faced prosecution for the orgy of speculation and swindling that led to the financial collapse and Great Recession, and he personally intervened to block legislation capping executive pay at bailed-out firms.”

 “So when Clinton was hobnobbing with  Goldman Sachs CEO Blankfein in 2013, while  investigations of wrongdoing by Goldman and the other Wall Street banks were still ongoing, she was consorting with a man who belonged in prison.”

CRONY BANKSTER LOOTING OF AMERICA

THEIR GOLDEN AGE OF PLUNDER IS NOT OVER!

  
NO PRESIDENT IN HISTORY SUCKED IN MORE BRIBES FROM BANKSTERS NOR INFESTED HIS ADMIN WITH BANKSTER CRONIES MORE THAN OBAMA!

And while the Obama administration worked systematically 

to bail out the banks and make the financial oligarchy richer 

than ever, shielding the architects of the Great Recession 

from criminal prosecution, it did impose fines for some of the

banks’ grossest swindles, including the sale of worthless 

subprime mortgage-backed securities, the rigging of key 

global interest rates such as the London Interbank Offered 

Rate (Libor), drug money laundering, illegal home 

foreclosures and other illicit activities.


BARACK OBAMA , HIS CRIMINAL BANKSTERS AND THE 

LA RAZA

MEXICAN DRUG CARTELS….

There’s more than one way to destroy America’s white middle class!




HSBC laundered hundreds of millions and perhaps billions 

of dollars for drug cartels responsible for the deaths of tens 

of thousands of people over the past two decades. The bank 

transferred at least $881 million of known drug trafficking 

proceeds, including money from the Sinaloa Cartel 

in Mexico, which is known for dismembering its victims and 

publicly displaying their body parts.


THE SINS OF THE FATHERS: THEIR GLOBAL LOOTING of the POOR


THE OPEN BORDERS PARTY of GEORGE SOROS, HILLARY & BILLARY CLINTON, BARACK OBAMA and DONALD TRUMP

                                        
DONALD TRUMP, HIS PARASITIC FAMILY, HIS GOLDMAN SACHS

REGIME and GOD FATHER, GEORGE SOROS… .global looters of the poor!

 

http://mexicanoccupation.blogspot.com/2017/05/the-jared-kushner-donald-trump-george.html

  
THE OBAMA AND THE REVOLUTION: Will His Bid For A Third Term For Life Come About? Will Illegals Vote the La Raza Supremacist Back Into the White House?

DESTROY AMERICA TO BUILD A MUSLIM-STYLE DICTATORSHIP WHERE LA RAZA MEXICANS VOTE HIM PRESIDENT FOR LIFE

"He is intent on maximizing the damage he inflicted on the country during the two terms of his faux presidency, having now set up shop in Washington to pursue a post-presidency agenda advancing a left-wing insurgency, civil unrest, racial conflict and the destabilizing activities of a shadow."


TRUMPERNOMICS: IMPLEMENTING OBAMA-CLINTONIMCS


 “CRIMINAL BANKSTERS WILL CONTINUE TO RULE AMERICA!”  Twitter Trumper
OBAMA-CLINTON-TRUMPERnomics: The Massive Transfer of Wealth to the Super Rich Ratcheted up!


The American oligarchy, steeped in criminality and parasitism, can produce only a government of war, social reaction and repression. In its blind avarice, it is creating the conditions for unprecedented social upheavals. It is hurtling toward its own revolutionary demise at the hands of the working class.

BUT WE KNOW WHERE THEY LIVE!
“The massive transfer of wealth will not go to investment, but to acquiring bigger diamonds; more luxurious mansions, yachts and private jets; new private islands; more  security guards and better-protected gated  communities to segregate the financial nobility from the masses whom they despise 
 and fear.”

“Our entire crony capitalist system, Democrat and Republican alike,

has become a kleptocracy approaching par with third-world hell-holes.

This is the way a great country is raided by its elite.” ---- Karen McQuillan  AMERICAN THINKER.com


BARACK OBAMA PLANS A THIRD TERM: HIS CRONY BANKSTERS, LA RAZA, MUSLIMS AND THOSE MUSLIM DICTATORSHIPS HE FUNDED ARE BEHIND HIM…. Along with George Soros!

THE OBAMA COUP TO BE DICTATOR:
THE ARMY OF ILLEGALS TO BRING AMERICA DOWN AND FORM THE OBAMA MUSLIM-STYLE DICTATORSHIP THAT WILL BE OPEN BORDERS AND PRO LA RAZA FASCIST SUPREMACY.

                                                  
Daniel Greenfield, the award-winning Shillman Journalism Fellow at the Freedom Center, believes (OBAMA'S POLITICAL PARTY) “OFA will be far more dangerous in the wild than the Clinton Foundation ever was.”

“Barack Obama and his henchmen would not have been emboldened in their ostensible machinations to undermine an election and then a presidency if  it were not for the fecklessness of the Republican  Party and the blind eye as wellas the tacit support of the mainstream media.”


BARACK OBAMA PLANS A THIRD TERM: HIS CRONY BANKSTERS, LA RAZA, MUSLIMS AND THOSE MUSLIM DICTATORSHIPS HE FUNDED ARE BEHIND HIM…. Along with George Soros!

THE OBAMA COUP TO BE DICTATOR:

THE ARMY OF ILLEGALS TO BRING AMERICA DOWN AND FORM THE OBAMA MUSLIM-STYLE DICTATORSHIP THAT WILL BE OPEN BORDERS AND PRO LA RAZA FASCIST SUPREMACY.

                                                  
Daniel Greenfield, the award-winning Shillman Journalism Fellow at the Freedom Center, believes (OBAMA'S POLITICAL PARTY) “OFA will be far more dangerous in the wild than the Clinton Foundation ever was.”

THE LEGACY OF BARACK OBAMA:

Final Death of the American White Middle Class

Under the Obama administration, more Americans have found themselves consigned to economic ghettos, living in neighborhoods where more than 40 percent subsist below the poverty level.

Millions more now live in “high poverty” districts of 20-40 percent poverty, according to recently released report by the Brookings Institution.


THE OBAMA BOOK DEAL: Sixty-five million dollars—or even $267.5 million—is a small price to pay for the contribution the former president made to enriching the already fabulously rich, defending the American ruling elite’s geopolitical interests around the world and continuing the assault on the wages, benefits and living standards of the working class.

BLOG: I'm surprised this fucker Dan Gilbert 

isn't party of the Trump administration!!!


Gilbert, net worth $5.8 billion, made his 


fortune as a predatory lender. He founded 


Rock Financial in 1985 and amassed his 


fortune selling bad mortgages to people 


who could not afford them. 

While one in six homes have no running water

Billionaire real estate mogul Dan Gilbert cashing in on corporate welfare in Detroit

By Kathleen Martin
6 June 2017
Billionaire real estate developer Dan Gilbert, CEO of Quicken Loans and Rock Ventures, often hailed as one of the main pioneers of the Detroit “comeback,” is making headlines for his many redevelopment projects in the city’s downtown area.

BLOG: THE 1% NEVER END THEIR LOOTING AND IT'S COAST TO COAST IN THIS COUNTRY!

In the two and half years since the city emerged from the largest municipal bankruptcy in the history of the US, wealthy investors have moved in at the expense of the city’s poor and working class residents to make vast profits on cheap land deals through financial maneuvers and arrangements made with city and state officials.

Gilbert, net worth $5.8 billion, made his fortune as a predatory lender. He founded Rock Financial in 1985 

and amassed his fortune selling bad mortgages to 

people who could not afford them. Quicken Loans is 

still in the middle of a years-long lawsuit with the 

Federal Housing Authority (FHA), which alleges 

that the company sold mortgages to borrowers it 

knew would default in order to collect insurance 

money from the FHA, which backs the loans.
Gilbert and his team have denied this allegation and continue to reap the benefits of mortgage sales as well as through investing in rising property values downtown Detroit.
Detroit is not the only pot Gilbert has his hands in. He is the owner of the NBA professional basketball team Cleveland Cavaliers, and the city of Cleveland has been a smaller-scale Detroit operation for the billionaire. In April, the Cleveland City Council signed a deal to allow for $88 million in funds allotted to revamping the Quicken Loans Arena, known as “The Q,” where Gilbert’s team plays home games. Tens of millions of dollars in public funds are available to revamp an entertainment complex in a city that foreclosed on over 8,000 residents in 2016 for failure to make arrears on water bill debts.
While Gilbert has extracted millions of dollars from Cleveland, the prime target is Detroit. Quicken Loans employs over 14,000 staff at its Detroit headquarters.
One of Gilbert’s most recent vanity projects is the QLine, formerly known as the M-1 Rail, which finally began operating in May. Gilbert paid $5 million for the naming rights to the new light rail system, which runs along Woodward Avenue for only 3.3 miles from Downtown to the up and coming New Center neighborhood. The project was built with $25 million in federal grants delivered in 2013, and then another $12.2 million to complete it after going over budget and time restrictions.
The QLine is known primarily for its uselessness to the vast majority of the city’s residents, with many finding that they can walk faster to their destinations than taking the train. It does not reach the suburbs or in the poorer and working-class districts of Detroit, a city known for its practically nonexistent and perpetually late and unreliable public transit. Coupled with the highest car insurance rates and worst roads in the US, transportation is a major problem for workers in the city and the surrounding metro area.
Gilbert has also taken an interest in another one of Detroit’s more infamous debacles, the incomplete Wayne County Jail project, sitting abandoned in Midtown. Rock Ventures offered the city $420 million to purchase and complete the new “justice complex,” and is now stalling the project on the basis that they ought to get a discount for saving the county money in the future by making it a “super-efficient” jail.
One of Gilbert’s largest upcoming projects is the redevelopment of the former site of the flagship Hudson’s department store downtown, vacant since 1998. The 734-foot skyscraper will be the tallest building in Detroit and will cost $775 million to rebuild.
The initiative is so big that the state legislature even wrote legislation designed exclusively to funnel more money to Gilbert and make it easier for him to further monopolize the downtown real estate game.
Also known as “Gilbert bills,” since Gilbert had a hand in crafting the law from which he will benefit, the new legislation passed the Michigan House and Senate in May and is expected to be signed by Governor Rick Snyder soon.
Detroit Democratic Mayor Mike Duggan announced at the Mackinac Policy Conference last weekend how shocked he was that the bills got through the state to the governor before Memorial Day. Even the ostensible opponents in the legislature did not put up the pretense of a fight.
According to the new bill, an investor will be given $40 million in income taxes over 20 years, an allotment of property tax collections and a cut of the sales tax of any business operating on a “brownfield.”
While the bill was crafted in neutral language without reference to any specific individuals, there is an unstated criterion that must be met to qualify for such outrageous welfare at the taxpayers’ expense: the investor must be Dan Gilbert!
Firstly the developer must be renovating and building on a “brownfield,” which is property deemed less profitable due to toxins or environmental damage from previous owners. The developer must also have invested $500 million “out-of-pocket” in a city with a population of 600,000 or more. Finally, the developer is only eligible for the tax money if they are committed to “mixed use” commercial-residential structures. The only project which could meet these benchmarks is Gilbert’s Hudson project.
The implications of such policy changes are huge. When signed by Snyder, the state of Michigan’s tax code is going to be adjusted to give millions of dollars to an individual billionaire. It was quite literally written to boost the profits of Gilbert, and since other investors will not meet the criteria, he will not have to worry about any others getting a piece of the downtown pie.

Other developments being headed up by Gilbert & Co. include the renovation of the Book Tower, the original Detroit Free Press building, the David Stott building, and a new upscale housing development in Brush Park. In addition to the tax subsidies and personally customized legislation, Gilbert, like other billionaires, has notoriously cashed in on ultra-cheap land grabs, purchasing lots and development sites for just $1. Gilbert owns the majority of Detroit’s downtown area, totaling over 80 properties.
Even as corporate giants such as Meridian, Blue Cross Blue Shield, Bedrock and Quicken Loans relocate within the 7.2 square miles of the downtown area—receiving millions of dollars in tax breaks to facilitate the process—and the media endlessly celebrates Detroit’s “re-birth,” many longtime residents of the city are being pushed out. One in six homes throughout the city, spread across a total land area of 143 square miles, do not have running water due to an increase in rates, and many more are faced with shutoffs and foreclosures as a result.
Many workers cannot even afford to live in parts of the city near their job. In fact, average apartment rent rates in Detroit rose by almost six percent year over year in 2016. The vacancy rates in the city are just below four percent with many homes abandoned and condemned as unfit for residence due to years of neglect.
At the Mackinac Policy Conference, Mayor Duggan announced plans to board up upwards of 11,000 vacant homes and demolish another 9,000 homes in the city over the course of the next two years. The Detroit Blight Task Force, on whose board Gilbert sits, has been largely responsible for the removal of thousands of such homes.
Duggan also announced a bogus eight-point principled strategy outline for the city’s “redevelopment” in an effort to boost his 2017 reelection campaign. The biggest lie of them all was that the city “won’t support development if it displaces current Detroit residents.” The mayor, in alignment with Democratic controlled city council and both parties in the state government, has bent over backwards to accommodate wealthy investors at the expense of the people who have been squeezed out.
While there is no room in the city or state 
budget to give back to workers what was 
unlawfully taken from them during the 
bankruptcy and there is certainly no money to
be found to help workers pay for their 
skyrocketing and unaffordable water bills, 
there is plenty of money to be found to 
subsidize the further restructuring of the city 
in the interest of the rich.
"The study demonstrates, yet again, that the super-

rich are a law onto themselves, living in a world 

completely separate from the vast majority of 

humanity."


AMERICA'S ROAD TO REVOLUTION



 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN THINKER.com
*
TOP
30 REASONS FOR 30 YEARS IN PRISON FOR HILLARY!
THE UGLY, SORDID, CORRUPT AND SLEAZY LIFE OF BILLARY AND HILLARY CLINTON:Thirty reasons not to vote for Hillary

She would make a terrible president and Bill an equally terrible “First Gentleman” for these thirty reasons.



America’s Looming Economic Armageddon – Can the Rich Get Even Richer During the Meltdown

SATAN declares Hillary Clinton is official Princess of Darkness…. A title formerly held by Billary!

HOW CLOSE IS HILLARY CLINTON TO THE ANTI-CHRIST?



“While most Democrats are dismissing Donald Trump's claim that Hillary Clinton is the devil, a new poll shows that some of Clinton's supporters aren't sure if she has some ties to the devil, and a few Democrats think Clinton and the devil are linked somehow.”    --- ARTICLE IN THE  WASHINGTON EXAMINER

AMERICA'S ROAD TO REVOLUTION



 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN THINKER.com

30 REASONS FOR 30 YEARS IN PRISON FOR HILLARY!

THE UGLY, SORDID, CORRUPT AND 

SLEAZY LIFE OF BILLARY AND HILLARY 

CLINTON:Thirty reasons not to vote for 

Hillary


She would make a terrible president and Bill an equally terrible “First Gentleman” for these thirty reasons.


America’s Looming Economic Armageddon – Can the Rich Get Even Richer During the Meltdown


SATAN declares Hillary Clinton is official Princess of Darkness…. A title formerly held by Billary!

HOW CLOSE IS HILLARY CLINTON TO THE ANTI-CHRIST?


“While most Democrats are dismissing Donald Trump's claim that Hillary Clinton is the devil, a new poll shows that some of Clinton's supporters aren't sure if she has some ties to the devil, and a few Democrats think Clinton and the devil are linked somehow.”    --- ARTICLE IN THE  WASHINGTON EXAMINER

"By backing Clinton, a tool of the “billionaire class” and military-intelligence apparatus, Sanders helped hand victory to Trump, who ran as the sole “anti-establishment” candidate in the race, while millions of working-class voters stayed away from the polls."

The political fraud of the People’s Summit in Chicago: Sanders, unions seek to refurbish Democrats

By Jerry White and Tom Hall 
9 June 2017
The Bernie Sanders wing of the Democratic Party is convening a “People’s Summit” in Chicago on Friday through Sunday. Called under the banner of “Building the political revolution,” the three-day event, headlined by the US senator and former Democratic presidential primary candidate, is sponsored by unions that backed Sanders last year and several liberal and ostensibly “left” organizations that operate inside or within the orbit of the Democratic Party.
The summit is being held under conditions of unprecedented political crisis in the United States. Open political warfare has erupted in Washington, pitting the Trump administration against powerful factions of the military-intelligence apparatus and the Democratic Party, centered on issues of foreign policy. Alongside this internecine battle within the ruling class, a different and more far-reaching conflict is developing, between the working class on the one side, and the ruling class on the other.
The purpose of the People’s Summit is to smother, contain and channel mass opposition to social inequality, unemployment, poverty and the Trump administration’s assault on all the rights of the working class behind the Democratic Party. That is, it seeks to subordinate genuine social anger to the right-wing agenda of sections of the ruling class.
This is the second “People’s Summit.” The first was held last year, as Sanders’ Democratic Party nomination campaign was winding down and as the Senator prepared to announce his support for Clinton. This he did less than a month later, repudiating the aspirations of 13 million workers and youth who voted for Sanders because he said he was building a movement against the economic and political domination of the “billionaire class.”
By backing Clinton, a tool of the “billionaire class” and military-intelligence apparatus, Sanders helped hand victory to Trump, who ran as the sole “antiestablishment” candidate in the race, while millions of working-class voters stayed away from the polls.
Now the political vaudeville act of the “people’s summit” is being reprised, with the same cast of characters, under new circumstances. After performing his assigned role in the 2016 elections, the “independent” Senator Sanders has been elevated to a central leadership role in the Democratic Party caucus of the US Senate, where he is doing everything he can to bolster support for the Democrats.
The faction of the Democratic Party represented by Sanders is acutely aware that, while there is enormous and growing popular hostility to the Trump administration, the Democrats are also broadly hated. Indeed, Democrats have lost popularity even more rapidly than the Republicans since Hillary Clinton’s electoral debacle last year. According to recent polls, 66 percent of respondents thought Democrats were “out of touch” with the population, compared to 62 percent for the Republicans.
To provide it with a left cover, the so-called “Berniecrats” are trying to convince the party establishment to adopt a program of mild reforms, including Medicare for All, $15 minimum wage, forgiveness of student loans, etc. Their hope is to rebrand this party of Wall Street and war as a “people’s party,” so that it can resume its traditional role of preventing the emergence of a mass working-class movement against American capitalism.
According to a statement on the People’s Summit web site, the event is aimed at deepening the “relationship between participating organizations rooted in principled anti-corporate politics, development of community leaders, direct action not based on partisan identification, and strategic organizing to build power.”
To call this a “farce” would be too mild. The list of sponsors belies any claims of “principled anti-corporate policies.” The two most prominent union backers of the event, National Nurses United (NNU) and Communications Workers of America (CWA,) have long collaborated with the corporations and the Democratic Party with devastating consequences for nurses and telecom workers.
Last year, as they publicly campaigned for Sanders, the NNU and CWA carried out betrayals of striking Minnesota nurses and Verizon workers. Like the rest of the AFL-CIO, which reduced strike activity to the lowest level in history during the Obama years, the NNU and CWA shut down these struggles to prevent a potential political confrontation with the Democratic administration, which spearheaded the attack on health care, pensions and wages.
As for the participating organizations eschewing “partisan identification,” the fact is all the organizations and public figures gathering in Chicago identify with the Democratic Party, including the Democratic Socialists of America (DSA), which endorsed Kerry, Obama and Sanders over the last four presidential elections. The same goes for various liberal personalities attending the event, including actor Danny Glover, author Naomi Klein, filmmaker Michael Moore, Nation publisher Katrina vanden Heuvel, Democracy Now host Amy Goodman and CNN journalist and former Obama special advisor Van Jones.
Several current Democratic Party office holders are listed as speakers. Also making an appearance will be Black Lives Matter activist and “social entrepreneur” Shaun King and International Socialist Organization leader Keeanga-Yamahtta Taylor (who is listed without party affiliation), who promote the identity politics of an upper-middle-class social layer that constitutes a central base of the Democrats.
To one extent or another, they all promote the myth that the Democratic Party—a capitalist party whose standard bearer Obama just oversaw eight years of war and a historic transfer of wealth from the working class to the financial aristocracy—can be pushed to the left by mass pressure. This was summed up by Winnie Wong, the cofounder of People for Bernie, who told CNN, “The Democrats will be forced to move left. Whether they will be effective in augmenting the strategic political work we do moving into 2018 remains to be seen. People will leave the summit with a sense of purpose. This is a promise.”
There are significant divisions over the direction and electoral strategy of the Democratic Party. The Sanders wing of the party is concerned that the Democrats’ overt hostility to the concerns of the working class will produce another electoral disaster in the 2018 mid-term elections and beyond. The Obama-Clinton faction, represented by Nancy Pelosi and Charles Schumer, are fixated on attacking Trump from the right and using their anti-Russian campaign to push for a military confrontation with the nuclear-armed power.
There is no genuinely left faction within this debate, however. The concerns of both the Obama-Clinton and Sanders wings are over how best to market this party of Wall Street and American imperialism and to contain and strangle social opposition. It can be said with certainty that there will be no criticism from this weekend’s speakers about the right-wing, pro-war campaign being carried out by the Democrats in Washington.

The basic political conclusion that can and will be drawn by millions of workers is precisely the one that the organizers of the People’s Summit are doing whatever they can to obscure: that opposition of the working class to the Trump administration must not be contaminated by any association with the Democratic Party and its various affiliates, that the working class must be organized independently on the basis of its own, socialist, program and strategy.

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