Debate: Biden Praises Obama, Obamacare Despite Endorsement Silence
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Former President Barack Obama has yet to endorse his former Vice President, Joe Biden, for the 2020 Democrat presidential nomination, but Biden repeatedly praised Obama during his first debate appearance on Thursday in Miami.
He also praised Obama’s signature health care law, the Affordable Care Act or Obamacare.
NBC moderator Jose Diaz-Balart asked Biden about the three million people who were deported during the Obama-Biden administration and whether someone should be deported if his only offense was not being in the country legally.
“Depending if they committed a major crime, they should be deported,” Biden said. “And the president was left in a — President Obama I think did a heck of a job.”
Biden balked at the idea that Obama was anything like President Donald Trump.
“To compare him to what this guy is doing is absolutely, I find, immoral,” Biden said.
And when Chuck Todd said that Obama had not achieved what he wanted to do regarding climate change, Biden defended Obama before answering a question about what would be his first priority if elected.
“I think you’re so underestimating what Barack Obama did,” Biden said. “He’s the first man to bring together the entire world, 196 nations, to commit to deal with climate change, immediately.”
“So I don’t buy that. But the first thing I would do is make sure that we defeat Donald Trump, period.
“Vice President Biden, I want to put the question to you,” NBC’s Lester Holt said. “You were an architect — one of the architects of Obamacare. So where do we go from here?”
Biden offered an emotional answer, citing the death of his wife and young daughter in a car accident and his son Beau’s unsuccessful cancer battle and his gratitude for access to medical care.
“The fact of the matter is that the quickest, fastest way to do it is to build on Obamacare, to build on what we did,” Biden said.
“And, secondly — secondly, to make sure that everyone does have an option. Everyone, whether they have private insurance or employer insurance and no insurance, they, in fact, can buy in, in the exchange to a Medicare-like plan,” Biden said. “And the way to do that — we can do it quickly.”
“Look, urgency matters,” Biden said. There’s people right now facing what I faced, and what we faced, without any of the help I had. We must move now. I’m against any Democrat who opposes and takes down Obamacare and any Republican who wants to get rid of Obamacare.
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Democrats Allow Communists to Infiltrate Their Party Across the Nation
Support and Infiltration
Opposition
OPERATION OBOMB:
DESTABILIZE AMERICA TO LAY GROUNDS FOR A MUSLIM-STYLE DICTATORSHIP
http://mexicanoccupation.blogspot.com/2017/08/seth-barron-obama-and-building-of.html
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Obama Appointees in the Communist Orbit
The present and future of Russia cannot be understood without a clear vision of its past. According to Vladimir Putin, the USSR’s collapse occurred for a number of internal reasons. That is why Russians cannot accept it when people in the West speak of Russia's “defeat” in the Cold War. At some point, the new elites in Moscow thought that the country could be accepted into the Western family. This would end the confrontation that sucked all economic juices and at least twice (the Berlin and Cuban Missile crises) put humanity on the edge of nuclear war.
Former president Barack Obama speaks at a rally in Detroit, Michigan, on Oct. 26, 2018. (Bill Pugliano/Getty Images)
Barack Obama: A Lifelong Story of Russian Collusion
Commentary
Several U.S. presidents have genuinely colluded with Russia or the former Soviet Union, but none more so the 44th president of the United States, Barack Obama. It’s no exaggeration to say that Obama owes his entire career to Russian collusion.
In March 2012, President Obama made his famous “off mic” remarks to then-Russian President Dmitry Medvedev: “This is my last election. After my election, I have more flexibility.” Medvedev replied, “I understand. I transmit this information to Vladimir.”
Was this some innocent remark, or was it just as it seems: a friend passing a message to a friend?
Obama has surrounded himself with pro-Moscow “friends” all his life. Why should he desert his friends just because he was president of the United States?
Just after Obama’s election to the presidency on Nov. 15, 2008, Sam Webb, then-chairman of the still pro-Moscow Communist Party USA, told his party comrades: “The left can and should advance its own views and disagree with the Obama administration without being disagreeable. Its tone should be respectful. We are speaking to a friend.”
A lifelong friend.
Frank Marshall Davis
The young Obama, when he was 10 or 11 years old, was introduced to the Hawaii-based poet Frank Marshall Davis by his maternal grandfather. Obama maintained a relationship with the septuagenarian Davis until he left Hawaii for Occidental College in Los Angeles at the age of 18.
Davis had joined the Communist Party USA in Chicago by 1943, at the latest. He was militantly pro-Soviet, writing poems in praise of both Stalin and the Red Army.
In 1948, Davis and his communist wife moved to Hawaii. According to Davis’s autobiography, he was recommended to the Hawaiian comrades by secret Communist Party USA members Paul Robeson and Harry Bridges of the International Longshoremen’s and Warehousemen’s Union.
Before going underground in 1950, the Hawaiian Communist Party was one of the most dynamic in the United States at the time. The mainland put huge resources into the Hawaiian Communist Party because the Soviets wanted the U.S. military presence on the islands shut down. The Hawaiian communists were charged with agitating against the U.S. military bases at every opportunity.
FBI documents refer to information that Davis “was observed photographing large sections of the [Hawaii] coastline with a camera containing a telescopic lens.” The FBI information states: “Informant stated that DAVIS spent much of his time in this activity. He said this was the third different occasion DAVIS had been observed photographing shorelines and beachfronts. Informant advised that it did not appear he was photographing any particular objects.”
The FBI clearly suspected military espionage. Davis was placed on the “Security Index,” which meant he was marked for immediate arrest should war break out between the United States and the Soviet Union.
Alice Palmer
Long-serving Illinois state Sen. Alice Palmer provided Obama’s entrée into electoral politics. Obama was Palmer’s chief of staff when she ran unsuccessfully for Congress in 1994, then he took over her state Senate seat in 1996.
Palmer was a pro-Soviet propagandist.
In 1983, Palmer traveled to Czechoslovakia to the Soviet-controlled World Peace Council’s Prague Assembly. At the time, she served on the executive board of the Communist Party USA-dominated U.S. Peace Council.
In 1985, Palmer was part of a delegation of 16 African-American journalists to the Soviet Union, East Germany, and Czechoslovakia. Palmer represented her own Chicago-based “Black Press Institute,” which was essentially a vehicle for disseminating Soviet propaganda to America’s black population.
The trip was organized by Don Rojas, then executive of the International Organization of Journalists (IOJ), in conjunction with the Black Press Institute, the National Alliance of Black Journalists, and the National Newspaper Publishers Association—the United States’ largest organization of owners of black newspapers.
American-educated Rojas was the former press secretary to Grenada’s late communist leader, Maurice Bishop.
Palmer told the Communist Party USA’s People’s Daily World:
“The trip was extraordinary because we were able to sit down with our counterparts and with the seats of power in three major capitals—Prague, Berlin and Moscow. We visited with foreign ministers, we talked with the editors of the major newspapers in these three cities. …“It was a very unusual trip because we were given access. … Every effort was made to give us as much as we asked for. … We came back feeling that we could speak very well about the interest of the socialist countries in promoting peace.”
In March 1986, Palmer covered the Communist Party of the Soviet Union (CPSU) Congress in Moscow for the Black Press Institute.
In June 1986, the People’s Daily World published a Black Press Institute article by Palmer on the CPSU conference, entitled “An Afro-American Journalist in the USSR.” The article praised Soviet “central planning” and included such statements as:
“We Americans can be misled by the major media. We’re being told the Soviets are striving to achieve a comparatively low standard of living compared with ours, but actually they have reached a basic stability in meeting their needs and are now planning to double their production.”
Palmer was elected IOJ vice president for North America at the organization’s 10th Congress, held from Oct. 20–23, 1986, in Prague. She also traveled to the Soviet Union and Bulgaria during the same trip. Palmer’s duties were to include coordinating the activities of IOJ chapters in the United States, Canada, Mexico, and the Caribbean.
The IOJ was a Soviet front operation based in Prague, until its expulsion by the Czech government in 1995.
David Axelrod
A longtime friend of Obama, David Axelrod, led Obama’s 2008 and 2012 election campaigns and served as a senior adviser to the president.
In the 1940s, Axelrod’s mother, Myril Axelrod, wrote for the left-leaning New York magazine “PM.” Though not officially a communist publication, several Communist Party USA members worked on the paper.
PM’s Washington correspondent, I.F. Stone, was later identified as a Communist Party USA member and a Soviet intelligence agent.
One of PM’s writers, Earl Conrad, also wrote for the leftist magazine Negro Story, as did Obama’s mentor, Frank Marshall Davis.
While studying in Chicago, Axelrod was mentored by longtime Chicago journalist and activist David Canter.
Canter spent his childhood in the Soviet Union where his father, Harry Canter, former secretary of the Boston Communist Party, translated Lenin’s works from Russian into English. This work earned Harry Canter an audience with Stalin in 1932. After World War II, Harry Canter settled his family in Chicago, where he took over a radical paper called the Chicago Star—for sale because its owner, Frank Marshall Davis, was moving to Hawaii.
David Canter joined the Communist Party USA and would later become an associate of Obama.
By 1960, David Canter had teamed up with well-known Chicago Communist Party USA member LeRoy Wolins. The duo owned a company called Translation World Publishers, which specialized in publications from and about the Soviet Union. The company soon attracted the attention of the House Un-American Activities Committee, which suspected Canter and Wolins of being conduits for Soviet propaganda.
In a report prepared by the House Committee on Un-American Activities in May and July 1962, entitled “Communist Outlets for the Distribution of Soviet Propaganda in the United States,” David Canter was heavily quizzed about payments his company received from the Soviet Union.
After the U.S. government demanded that Translation World Publishers register as the agent of a foreign power, Canter de-registered the company.
The committee went on to find that:
“Translation World Publishers was an outlet for the distribution of Soviet propaganda … this publishing house was subsidized by Soviet funds and was created by known Communists to serve the propaganda interests of the U.S.S.R.”
In 1963/64, the Soviet Union actively tried to undermine Republican presidential candidate Barry Goldwater, in favor of Democrat Lyndon Johnson.
In their 1989 book, “The KGB Against the Main Enemy—How the Soviet Intelligence Service Operates Against the United States,” the United States’ premier communist researcher, Herbert Romerstein, and former KGB officer Stanislav Levchenko examined Soviet attempts to blacken Goldwater’s name and other Soviet campaigns of the time:
“The false charge that Goldwater was a racist was only one of the smear campaigns used against his candidacy by the Soviets and their surrogates. The American Communists covertly assisted in this ‘active measures’ campaign.“A 1963 booklet claimed that Goldwater was conspiring with the John Birch Society to organize a ‘putsch,’ or violent insurrection, to take over the United States in 1964. The booklet, ‘Birch Putsch Plans for 1964,’ contained no address for the publisher, Domino Publications. The author used the not-very imaginative pseudonym, ‘John Smith, as told to Stanhope T. McReady.’ There was nothing to tie this publication to the communists until an ad for the book appeared in the pro-communist National Guardian for April 25, 1963, listing the publisher as ‘Domino Publications, Suite 900, 22 West Madison Street, Chicago, Illinois.’“This was in fact the address of Translation World Publishers, which was registered under the Foreign Agents Registration Act as an agent of the Soviet Union. The co-owners, LeRoy Wolins and David S. Canter, were identified by the House Committee on Un-American Activities as members of the Communist Party USA.”
Axelrod’s mentor was a Soviet-funded professional “black propagandist.” Axelrod used similar smear tactics to help Obama win a U.S. Senate seat in 2006 and the presidency in 2008 and 2012.
Valerie Jarrett
The “other half of Obama’s brain,” Valerie Jarrett was a longtime Obama family friend and the president’s closest adviser through his entire eight years in the White House.
FBI documents show that Jarrett’s maternal grandfather, Chicago businessman and Housing Authority Chairman Robert Taylor, was “in contact” with alleged Soviet spy Alfred Stern “on a number of occasions.” At one point, the pair were actually in business together. Under investigation by the FBI, Stern fled the country in the late 1950s through Mexico to the Soviet Union before settling in Czechoslovakia.
Jarrett’s father, James Bowman, was also accused of associating with Stern.
FBI files also reveal, “Bowman was also a member of a Communist-sympathizing group called the Association of Internes and Medical Students,” according to Judicial Watch.
Another document in the files was a note from J. Edgar Hoover to FBI officials in Denver instructing them to investigate “James Edward Bowman” for his connections to other suspects.
The Judicial Watch report explained, “According to Bowman’s government file, the Association of Internes and Medical Students is an organization that ‘has long been a faithful follower of the Communist Party line’ and engages in un-American activities. Bowman was born in Washington, D.C., and had deep ties to Chicago, where he often collaborated with fellow Communists.”
Jarrett’s father-in-law, prominent Chicago journalist Vernon Jarrett, was a leader of the Communist Party USA youth wing, American Youth for Democracy, in 1946.
In early 1948, the communist-controlled Packinghouse Workers went on strike in Chicago. Vernon Jarrett served on the publicity committee of the communist-run “Citizens’ Committee to Aid Packing-House Workers,” alongside none other than fellow journalist and comrade Frank Marshall Davis.
Vernon Jarrett was also a fan of Obama. He watched his career from its early stages and became an influential supporter.
In 1992, Obama worked for the ACORN offshoot Project Vote to register black voters in aid of the Senate campaign of Carol Moseley Braun, who also had strong Communist Party USA ties.
Obama helped Moseley Braun win her Senate seat, then took it over himself in 2004, backed by the same communist/socialist alliance that had backed Moseley Braun.
Commenting on the 1992 race, Vernon Jarrett wrote in the Chicago Sun-Times on Aug. 11, 1992:
“Good news! Good news! Project Vote, a collectivity of 10 church-based community organizations dedicated to black voter registration, is off and running. Project Vote is increasing its rolls at a 7,000-per-week clip. … If Project Vote is to reach its goal of registering 150,000 out of an estimated 400,000 unregistered blacks statewide, ‘it must average 10,000 rather than 7,000 every week,’ says Barack Obama, the program’s executive director.”
Council for a Livable World
Established in 1962 by former Hungarian communist sympathizer and alleged Soviet spy Leo Szilard, the Washington-based Council for a Livable World (CLW) has done huge damage to the U.S. military—all to the benefit of Moscow.
The CLW’s modus operandi is to fund leftist senators and congressmembers, then lobby them hard for defense cuts and disadvantageous arms reduction treaties with the Soviet Union/Russia.
The CLW claims to have had an early influence on both Obama and his vice president, Joe Biden.
“Council for a Liveable World has a history of helping to elect new candidates who can make a difference in the Senate, such as a little-known state senator from Illinois named Barack Obama and a 29-year-old Joe Biden in his first statewide contest,” the CLW wrote in 2012.
The CLW helped fund Obama’s 2004 U.S. Senate race. Obama has also been pictured (circa mid-1990s) alongside longtime CLW leader Massachusetts-based socialist Jerome Grossman.
CLW Executive Director John Isaacs wrote in Grossman’s eulogy: “Now, as an aside, we have a dictum at Council for a Livable World. If we support a candidate in his or her first major political contest, he or she will always remember who was with them at the beginning. That has been true with such political figures—(he says modestly)—as President Barack Obama and Vice President Joseph Biden.”
In October 2007, the CLW praised Sen. Obama “for his pledge to pursue a world without nuclear weapons and to improve U.S.–Russian relations.”
At a speech at DePaul University, Obama stated: “Here’s what I’ll say as president: America seeks a world in which there are no nuclear weapons. … We’ll work with Russia to take U.S. and Russian ballistic missiles off hair-trigger alert, and to dramatically reduce the stockpiles of our nuclear weapons and material.”
As the Soviet Union/Russia has cheated on every single arms-reduction treaty with the United States, Obama was effectively proposing unilateral U.S. disarmament.
Former Sen. Gary Hart, then chairman of the CLW, applauded Obama’s pledge.
“By placing the issue of the elimination of nuclear arsenals at the center of his foreign policy, Sen. Barack Obama has performed a great public service and deserves attention and respect from all those who see this issue as crucial to our times and who have been watching and waiting for strong leadership and courage,” Hart said in a statement.
In June 2013, President Obama used a speech in Berlin to outline plans for further reductions in the U.S. nuclear arsenal “if Russia agrees to pare back its weapons at the same time.”
According to the New York Times:
“Resuming a drive toward disarmament that he had largely shunted aside over the past two years, Mr. Obama will propose trimming the number of strategic warheads that each of the two big nuclear powers still maintains by up to a third, taking them below the 1,550 permitted in the treaty he signed with Russia in his first term, a senior administration official said. That would leave each country with just over 1,000 weapons.“Mr. Obama will also declare that he will work with NATO allies to develop proposals for major cuts in tactical nuclear weapons, which are not covered by the existing treaty. Russia, which has far more tactical nuclear weapons deployed than the United States and Europe do, has firmly resisted such cuts. There are fears that its tactical weapons are in parts of Russia where they risk being seized by terrorist groups.“Mr. Obama will also announce that he will host a final nuclear security summit meeting in the United States just before he leaves office. …“’The most important thing he could do is lay out the broad agenda for the next three and a half years,’ said John Isaacs, executive director of the Council for a Livable World, an advocacy group.“In addition to further reductions, Mr. Isaacs said, there are several policy changes Mr. Obama could take that would move the country further away from cold war-style national security. He said the president could take nuclear weapons off high alert and change nuclear doctrine to say that the only purpose of such weapons would be as a deterrent.”
Under the Obama administration, while America disarmed, Moscow pulled well ahead of the United States in virtually every realm of nuclear and conventional weaponry.
The situation has gotten so bad that President Donald Trump had to unilaterally withdraw from the Intermediate-Range Nuclear Forces Treaty (which Russia has continually cheated on) in order to give the U.S. military some chance of catching up to Moscow.
How Many Russian Agents Do You Know?
Most Americans don’t personally know any Russian agents. Most Americans aren’t surrounded by friends and advisers who know Russian agents.
Obama has been surrounded by pro-Moscow communists and probable Soviet agents his entire life. Several of his political enablers also have Soviet/Russian connections.
How unlucky can one guy get?
Obama’s economic, social, and military policies damaged the United States in a myriad of ways. Many of his military and foreign policies also directly or indirectly benefited Moscow.
Despite a lifetime of radical associations, Obama never had to undergo any form of a security background check to serve in the Illinois State Senate, U.S. Senate, or the White House. It’s highly unlikely he could have passed a security check to drive a school bus, let alone serve as the leader of the Free World.
Imagine what a two-year, multimillion-dollar, taxpayer-funded investigation into Obama’s Russian ties might uncover.
If Obama was a fully recruited agent of Moscow, tasked with giving Russia a significant military advantage over the United States, and economically weakening and socially dividing the nation, how would he have conducted his presidency (or his post-presidency) any differently?
Trevor Loudon is an author, filmmaker, and public speaker from New Zealand. For more than 30 years, he has researched radical left, Marxist, and terrorist movements and their covert influence on mainstream politics.
Democrats Allow Communists to Infiltrate Their Party Across the Nation
Commentary
The Communist Party USA (CPUSA) is infiltrating the Democratic Partyacross the country. Communists, some openly, some secretly, are working in Democratic campaigns, holding Democratic Party leadership positions, and even running for public office on the Democratic Party ballot line.
They also are pushing their policies inside the Democratic Party, to the point where it’s almost impossible to distinguish between the CPUSA and Democratic Party programs. Many comrades work closely with influential congressmembers or U.S. senators.
The CPUSA supports China, Cuba, Venezuela, and the Russian Communist Party—all enemies of the United States. The CPUSA still advocates for the “overthrow of the capitalist class” in the United States, yet the Democrats do absolutely zilch to keep the communists out of their party.
CPUSA infiltration of the Democratic Party is widespread—it affects every region where the communists have a significant presence.
Support and Infiltration
In the San Diego area, two CPUSA members, Carl Wood and Emiliana Sparaco, recently ran for the California Democratic Party Central Committee, from Assembly Districts 76 and 80, respectively.
Wood, a lifelong communist, intended to push for the “Healthy California Act that provides improved Medicare for All, a Living Wage of at least $15/hour, the Green New Deal for a healthy environment with good new jobs in a peace economy, and legislation to promote strong Unions.” In 1999, California’s then-Democratic Gov. Gray Davis appointed Wood to a six-year term on the California Public Utilities Commission, where he “played a significant role in protecting California from the consequences of its disastrous deregulation experiment.”
Sparaco, a former leader of the Young Communist League, traveled to Sochi, Russia, in October 2017, as part of a U.S. communist delegation to celebrate the 100th anniversary of the Bolshevik Revolution—keynoted by Vladimir Putin himself. In 2018, Sparaco was a leading activist in Flip the 49th, which helped Democrat Mike Levin win California’s 49th Congressional District.
In Northern California, Sacramento area Democratic Rep. Ami Bera, who serves on the House Foreign Relations Committee, has won several super-close elections with communist help. For example, in 2014, CPUSA members Juan Lopez, Cassie Lopez, Michelle Kern, Nell Ranta, and Mik Diddams canvassed and phone-banked out of Bera’s campaign headquarters.
Further up the left coast in rural Washington state, communists Tim and Joyce Wheeler and Tim’s sister Marion “Honeybee” Wheeler Burns have been active in the Clallam County Democrats for decades. They campaignedfor Barack Obama, U.S. Sen. Patty Murray, and local Rep. Derek Kilmer. Timtraveled to international communist gatherings for many years as editor of the CPUSA’s People’s World. His father, Don Wheeler, betrayed American secrets to Moscow during World War II while working for U.S. intelligence.
Over in Minnesota, local CPUSA leaders the late Doris and Erwin Marquitwere very active inside the Democratic-Farmer-Labor Party (Minnesota’s Democratic Party affiliate). The couple helped raise funds for congressional aspirant Keith Ellison in their home three times. In 2006, they used their political influence to help get Ellison elected to Congress.
Another Minnesota communist, Mark Froemke, is very active in the Democratic-Farmer-Labor Party. Froemke has enjoyed good relations with former Minnesota Sen. Al Franken and former Gov. Mark Dayton.
Swinging down to Chicago, we see CPUSA members such as Pepe Lozanoworking in the successful Chuy Garcia for Congress campaign. CPUSA member Abdul-Aziz Hassan has worked for 22nd Ward Alderman Ricardo Munoz, a Democrat, for several years. Even CPUSA leader John Bachtellonce served as a precinct chairman for U.S. Senate candidate Obama.
In Ohio, former CPUSA chairman Rick Nagin worked inside the Democratic Party for decades. In 2006, Nagin was on the staff of the American Federation of Labor and Congress of Industrial Organizations 2006 campaign that first elected Sherrod Brown. Nagin also worked closely with Rep. Dennis Kucinich for many years. Nagin has run several times for public office on the Democratic Party ticket and served as the Democratic Leader in Cleveland Ward 14 and on the Cuyahoga County Democratic Party Executive Committee.
In St. Louis, the CPUSA has worked closely with many black Democratic candidates through its front group the Coalition of Black Trade Unionists. Longtime CPUSA member Glenn Burleigh is very active in the Democratic Party and has managed several Democratic campaigns, including Robin Wright-Jones for State Senate and Lewis Reed for St. Louis mayor. Missouri CPUSA leader Tony Pecinovsky will be standing for St. Louis Alderman in 2020, presumably as a Democrat.
Over in New York City, the communists have been working inside the Democratic Party since at least the 1930s.
Former communist Dan Margolis was active in New York City elections, including as the mid-Staten Island coordinator for the 2004 Democratic Party congressional campaign.
According to Margolis’s blog: “I ended up working on many Democratic campaigns during by time in the CPUSA: John Kerry’s, Obama’s twice, [Senator] Kirsten Gillibrand’s, Fernando Ferrer’s (he nearly beat Michael Bloomberg to become mayor of NYC), and a host of others known mostly to NYC residents. I am proud to say that I wrote the first official document in the CPUSA calling for support of Obama in the primaries: I wrote this as chair of the party in Brooklyn, in 2007.”
In 2014, the CPUSA’s Elizabeth Gurley Flynn Club wrote: “Sometimes, we must be free to disagree with Democrats on selected issues, even those whom we have supported, such as Obama on a national level, Jerrold Nadler, a progressive congressman from Manhattan, and Bill DeBlasio, who is New York City’s new progressive mayor. For example, we should be free to advocate a general reduction of our country’s military and to disagree with the Obama Administration’s expansion of some sections of our military forces.”
Across the river in New Jersey, communists such as Estevan Nembhard and Carol Widom were active in Democrat Ras Baraka’s successful 2014 campaign for the mayoralty of Newark. Baraka is the son of one-time CPUSA member Amina Baraka.
Connecticut is the CPUSA’s “jewel in the crown.” The party almost runs the state. The CPUSA is close to Gov. Ned Lamont, as it was to his predecessor Dannel Malloy. Both U.S. Sen. Richard Blumenthal and Sen. Chris Murphy are close to the party. Sen. Murphy employed CPUSA member Max Goldman as an aide for nearly three years, while serving on the highly sensitive Senate Foreign Relations Committee.
Rep. Rosa DeLauro is very close to CPUSA Connecticut leader Joelle Fishman and her husband Art Perlo—the son of Roosevelt-era Soviet spy ring leader Victor Perlo. In 2012, DeLauro helped organize birthday celebrations for veteran Connecticut communist Al Marder. Comrade Marder is so well regarded in international communist circles that he was invited to Moscow in June 2015 to help the Russian Communist Party celebrate the anniversary of the Soviet defeat of Nazi Germany. Marder even got a big hug from then-Russian Communist Party leader Gennady Zyuganov.
Three other Connecticut congressmembers, Jim Himes (House Intelligence Committee), Joe Courtney (House Armed Services Committee), and John B. Larson work closely with the CPUSA front group Connecticut Alliance for Retired Americans. Even freshman Rep. Jahana Hayes had veteran communist Len Yannielli working in her campaign office.
Down in Texas, the situation is not much better. In Dallas, local communist leader Gene Lantz is very active in the Democratic Party and the Texas Alliance for Retired Americans. Lantz is close to Rep. Eddie Bernice Johnson(House Committee on Science, Space, and Technology) and is friends with Rep. Marc Veasey (House Armed Services Committee).
In Houston, local CPUSA leader Bernard Sampson doubles as a Democratic Party precinct chairman. The Houston CPUSA ran several comrades for public office in 2018 on the Democratic ticket (it’s illegal to run for office as a communist in Texas).
Comrade Ali Khorasani ran for Congress in Texas District 2 but was defeated in the primary. Communist Penny Shaw ran for a seat on the Harris County Commission but lost with 45 percent of the vote. Party member Sema Hernandez ran a shoestring campaign in the Texas U.S. Senate primary and managed to secure a respectable 250,000 votes.
And this is just the open or easily identifiable members. As a conspiratorial revolutionary organization, the CPUSA keeps much of its membership secret. The CPUSA almost certainly has many secret members and supporters in key positions throughout the Democratic Party.
Opposition
Millions of grassroots Democrat voters are strongly opposed to communism. Many are descendants of families who fled communism in Eastern Europe, China, Cambodia, Vietnam, and Cuba. Many lost friends or family fighting communism in Vietnam. Many are Catholic, informed of the evils from communism at an early age by their priests, bishops, and popes.
Most would be horrified to know that communists are working openly and secretly at every level of their cherished Democratic Party.
The Democratic Party knows the identities of most of its communist members. The Democrats do more than turn a blind eye; they welcome the revolutionaries into their party.
The Democrats have spent the last two years bashing President Donald Trump for having ties to Russia. Yet the Democrats are willing to tolerate pro-China communists actively working within their own party.
By allowing communists to stand for office on their ticket, Democrats are cheating the American voter. By allowing communists to work closely with Democratic congressmembers and senators, they are endangering national security.
Trevor Loudon is an author, filmmaker, and public speaker from New Zealand. For more than 30 years, he has researched radical left, Marxist, and terrorist movements and their covert influence on mainstream politics.
Views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times.
OPERATION OBOMB:
DESTABILIZE AMERICA TO LAY GROUNDS FOR A MUSLIM-STYLE DICTATORSHIP
http://mexicanoccupation.blogspot.com/2017/08/seth-barron-obama-and-building-of.html
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“Obama’s new home in Washington has been described as the “nerve center” of the anti-Trump opposition. Former attorney general Eric Holder has said that Obama is “ready to roll” and has aligned himself with the “resistance.” Former high-level Obama campaign staffers now work with a variety of groups organizing direct action against Trump’s initiatives. “Resistance School,” for example, features lectures by former campaign executive Sara El-Amine, author of the Obama Organizing.”
BARACK OBAMA: Was he America’s first closet Communist president?
Obama choose Communists and Marxists for the highest, most powerful positions in our land, including his closest political advisors, and his head of the CIA. These facts are not in dispute. Most are openly admitted by the people in question, as necessary damage control. Our press chooses not to report them.
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Professor Paul Kengor has extensively researched the Chicago communists whose progeny include David Axelrod, Valerie Jarrett, and Barack Hussein Obama. Add the openly Marxist, pro-communist Ayers, and you have many of the key players who put Obama into power.
WAS THE RUSSIAN HOAX ONLY OBAMA’S ATTEMPT TO PUT ASIDE TRUMP FOR AN OBAMA THIRD TERM FOR LIFE???
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They Destroyed Our Country
“They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”
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These people were engaged in a massive political conspiracy. The Democrats made a decision from the outset—beginning with the election campaign of the favored candidate of Wall Street and the CIA, Hillary Clinton—that they would not oppose Trump on his anti-working-class social policy or his authoritarian hostility to democratic rights and promotion of anti-immigrant racism, but on issues of imperialist foreign policy.
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“Obama’s new home in Washington has been described as the “nerve center” of the anti-Trump opposition. Former attorney general Eric Holder has said that Obama is “ready to roll” and has aligned himself with the “resistance.” Former high-level Obama campaign staffers now work with a variety of groups organizing direct action against Trump’s initiatives. “Resistance School,” for example, features lectures by former campaign executive Sara El-Amine, author of the Obama Organizing.”
Barack Obama’s plot for a third term for life
A Muslim dictatorship like his crony paymasters, the 9-11 invading Saudis who have financed him for decades.
“Obama has the totalitarian impulse. After all, he went around saying he didn't have Constitutional authority to legalize the illegals, and then he tried anyway. The courts stopped him.”
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What was Obama’s motive? Simple, he knew if he did that for Hillary, he’d own the next President of the United States, and could blackmail her with the truth till the end of time. It literally would have given him a 3rd and 4th term.
THE OBAMA – CLINTON RUSSIAN CONNECTION
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WITH THESE TRAITORS, JUST FOLLOW THE MONEY!
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How President Barack Obama and Secretary of State Hillary Clinton aided Russia’s quest for global nuclear dominance.
Obama Appointees in the Communist Orbit
“I’d moved from Communist to whatever I am now. I’m not even sure how to characterize myself politically. Maybe at some point, I’ll have to figure it out.”
It’s hard to pin too much on that quote. Perhaps Comey was joking by calling his vote for Jimmy Carter a vote for a Communist, in mockery of his supposedly fellow Republicans.
Joking about support for Communism is not all that funny in the Obama administration. Obama’s CIA Director John Brennan actually did vote for a Communist presidential candidate. Brennan and Comey are two of the central players in the Russia Collusion Hoax.
Professor Paul Kengor has extensively researched the Chicago communists whose progeny include David Axelrod, Valerie Jarrett, and Barack Hussein Obama. Add the openly Marxist, pro-communist Ayers, and you have many of the key players who put Obama into power.
Brennan (who was sworn in as CIA director on a draft of the US Constitution, without the Bill of Rights, instead of a Bible) said that while he had voted Communist, he wasn't an official member of the Communist Party - and was relieved that he had been accepted into the CIA.
Barack Hussein Obama
His Kenyan father was a communist, who met Obama’s mother, a radical leftist, in a Russian language class. Stanley Dunham, Obama’s white grandfather, chose a notorious member of the Communist Party to be Obama’s mentor, Frank Marshall Davis.
Obama wrote in his memoir that in college, he sought out Marxist professors. A Marxist student at Occidental College, John Drew, confirms that Obama was a revolutionary Marxist in college. Drew recounts:
Obama… believed that the economic stresses of the Carter years meant revolution was still imminent. The election of Reagan was simply a minor set-back …As I recall, Obama repeatedly used the phrase "When the revolution comes...." …"There's going to be a revolution," Obama said, "we need to be organized and grow the movement." In Obama's view, our role must be to educate others so that we might usher in more quickly this inevitable revolution. …Obama seemed to think their ideological purity was a persuasive argument in predicting that a coming revolution would end capitalism.
Obama tells us the radical socialist conferences he attended before law school gave him his road map in life, i.e., their plan to put a stealth black candidate in the White House. Obama's biggest job and his political career in Chicago were launched by self-avowed communist Bill Ayers. Obama's run for state representative was as the hand-picked successor of a socialist state representative, who was publicly active in communist circles. Obama's calling in life was work as a hard-left Alinskyite radical agitator. Until he became president, Obama was a 20-year member of an openly Marxist church whose members had to take a pledge against the middle class. When did Obama reject Marxism?
Valerie Jarrett is Obama’s closest personal advisor to the present day. She lived with the Obama’s in the White House, had dinner with them nightly and still lives with them in retirement!
“Her late father, James E. Bowman.. was involved with communist front groups and was in contact with a paid Soviet agent in the 1950s who was wanted for espionage. Jarrett's maternal grandfather, Robert Rochon Taylor, was investigated by the FBI for his membership in communist groups and his business relationship with the same Soviet agent …Her late father-in-law, Vernon D. Jarrett, was assigned by the Communist Party USA to a special cultural arts cell …he was flagged by the FBI as an internal security risk to be swiftly arrested in the event of a hot war with the Soviet Union. The FBI also investigated his wife, Fernetta "Fern" Jarrett, for communist activities.”
Kengor discusses new documents obtained by Judicial Watch that show Valerie Jarrett’s father was active on behalf of Stalin in fomenting racial divisiveness in America, as a member of the American Committee for Protection of Foreign Born (ACPFB).
ACPFB “was founded by the Communist Party in order to exploit racial divisions in the United States for its own revolutionary purposes.” Its modus operandi was to polarize Americans along racial lines in order to advance the Soviet agenda.”
Axelrod was the Chief Strategist for Obama’s presidential campaigns, and a Senior Advisor in the White House. His mother worked for a communist newspaper. His father, according to Axelrod in his memoir, “listed his party affiliation as ‘Communist.’ Axelrod got his start in Chicago politics through working for hardline Stalinist Soviet agents Harry and David Canter.
“The Canters were old hardline pro-Soviet communists, so much so that the senior Canter, Harry Jacob Canter, was actually brought to Moscow during the height of the Stalin period to work for the Soviet government as an official translator of Lenin’s writings. Harry was active in the old Industrial Workers of the World and had been secretary of the Boston Communist Party. He was not shy about his political enthusiasm. In 1930, he ran for governor of Massachusetts on the Communist Party ticket. After that, he sojourned to the Motherland, taking his entire family to Moscow with him, including his son David, who one day would come know David Axelrod… the Canters actually knew and worked with Obama’s old communist mentor, Frank Marshall Davis…Davis — again, Obama’s mentor — also knew and worked with Valerie Jarrett’s grandfather and father-in-law in Communist Party/left-wing circles in Chicago in the 1940s.)”
Other Communists, Red Diaper Babies and Marxists in Obama’s Circle
Susan Rice, Obama’s National Security Advisor, was up to her eyeballs in the Russia Collusion Hoax against candidate and then President Trump.
Rice wrote a 426-page dissertation praising, as “a model and a masterpiece in the evolution of international peacekeeping,” … the political ascendancy of Zimbabwe’s Marxist dictator, Robert Mugabe. In her dissertation, Rice lauded Mugabe as a “pragmatic, intelligent, sensible, gentle, balanced man” who possessed considerable “patience and restraint.”
David Maraniss, the Washington Post journalist chosen to write Obama’s biography, which covered up Obama’s radical past, was also a red diaper baby. He father was a member of the Communist Party and worked through a cell in Detroit to secretly influence workers through his articles for the Detroit Times.
Frank Marshall Davis, the biggest influence on Obama’s black identity from age ten through college years, was a card-carrying member of the Communist party.
“Frank Marshall Davis was a pro-Soviet, pro–Red China communist. His Communist Party USA card number, revealed in FBI files, was CP #47544. He was a prototype of the loyal Soviet patriot, so radical that the FBI placed him on the federal government’s Security Index. In the early 1950s, Davis opposed U.S. attempts to slow Stalin and Mao. He favored Red Army takeovers of Central and Eastern Europe, and communist control in Korea and Vietnam. Dutifully serving the cause, he edited and wrote for communist newspapers in both Chicago and Honolulu, courting contributors who were Soviet agents. In the 1970s, amid this dangerous political theater, Frank Marshall Davis came into Barack Obama’s life.”
Reverend Jeremiah Wright
Obama’s pastor and personal hero and mentor, was an avowed Marxist. His church congregants had to sign a pledge to support redistribution of wealth and reject ‘middleclassness.’ Discoverthenetworks reports:
Rev. Wright’s devotion to the tenets of liberation theology, which is essentially Marxism dressed up as Christianity. … calls for social activism, class struggle, and revolution aimed at overturning the existing capitalist order and installing, in its stead, a socialist utopia where today’s poor will unseat their “oppressors” and become liberated from their material (and, consequently, their spiritual) deprivations. An extension of this paradigm is black liberation theology, which seeks to foment a similar Marxist revolutionary fervor founded on racial rather than class solidarity.
Is it any surprise that collusion with Russia, according to Victor David Hanson, was a feature of the Obama presidency?
The Obama administration colluded with Rusian agents who produced the Steele Dossier. It was paid for by Clinton, but it was Obama’s minions at the FBI, CIA and White House who weaponized this soviet disinformation against President Trump.
We are all victims of the Obama cabal’s collusion with Russia – President Trump’s voters and all Americans who believe in our free and fair election process.
What Kind of State Is Vladimir
Putin Building?
Recently, a Russian newspaper published an article by Vladislav Surkov, an advisor to the President of Russia. The piece was entitled “The long-lasting state of Putin.” In it, the Kremlin’s grey eminence explained the country’s current state and set coordinates of the long-term development of Russian statehood. What follows is an exploration of his views, not my own.
The author identified several types of empires that existed in Russian history: the state of Ivan the Third; the Empire of Peter the Great; Soviet Union of Lenin; and Russian Federation of Vladimir Putin. They had different social architecture and were formed in opposition to each other. In the era of Ivan the Third, the country freed itself from the Mongol-Tatar yoke; meantime, Moscow strengthened as a political center around which the fragmented principalities merged.
Since then, an absolute majority of Russian sovereigns (except for the Soviet period) considered themselves defenders of the Byzantine heritage and the Orthodox peoples. Peter the Great of the Romanov dynasty -- with German roots -- tried to demolish the archaic system of the Rurik dynasty and build a new Western-style empire. He made the long-held dream of his predecessors come true, providing access to the Baltic Sea and establishing a maritime connection with Europe. He did not sympathize with the Church and subordinated it to the state. It led to new political identity formula: “Orthodoxy. Autocracy. Nationality." It was no longer about secularism but about a state-oriented religion.
The Bolsheviks destroyed all narratives associated with monarchy. They took the concept of international communism and created the Soviet identity.
Throughout its history, Russian statehood developed in a wave-like mode. It was also characterized by incompleteness: none of the strategic projects of Ivan the Third, Peter the Great or Vladimir Lenin was ever came to a logical end. All of them were destroyed with large losses of blood. The majority of the population were serfs until 1861 and did not actively participate in political life, relying on God's mercy and wisdom of the supreme ruler. This resulted in a deep abyss between the elite and the people.
With all the differences in internal perceptions of the nation and state, the three founding fathers of three three imperial models proceeded from the philosophy of the inevitability of territorial expansion and the special geopolitical mission of the Russian state. Ivan the Third managed to defeat the invincible Golden Horde; during the reign of Alexander I, Russia defeated the great army of Napoléon Bonaparte; the Soviet Union played a crucial role in the victory over Nazi Germany.
After the final fall of Napoleonic France, Russia was one of the initiators of forming new security architecture in Europe based on the principle of balance of power (the Vienna system). A similar situation was observed after the capitulation of the Third Reich and the entry of Soviet troops into Berlin. Moscow, which suffered the most human losses in this war, did not reject the proposals of the Allies on the anti-Hitler coalition, which led to creation of the UN and to the system of division of responsibility between the great powers.
The present and future of Russia cannot be understood without a clear vision of its past. According to Vladimir Putin, the USSR’s collapse occurred for a number of internal reasons. That is why Russians cannot accept it when people in the West speak of Russia's “defeat” in the Cold War. At some point, the new elites in Moscow thought that the country could be accepted into the Western family. This would end the confrontation that sucked all economic juices and at least twice (the Berlin and Cuban Missile crises) put humanity on the edge of nuclear war.
The liberal experiment crumbled when even the most loyal figures to the ideas of democracy embodied by “collective Yeltsin” realized that the EU had not been seeking to embrace Russia. Meantime, the United States expanded NATO and ignored Russia's opinion on significant issues, including the campaign against Saddam Hussein. Every step of the West disappointed supporters of democracy and strengthened the positions of conservative bloc led by Putin.
For the past twenty years, the West kept criticizing Russian authorities for human rights issues, non-transparent elections, and harassment of political opponents. All these problems existed. However, most of the reports on these topics did not consider many factors. Democracy is not a static achievement but an evolutionary process. The scale of democratization depends on a country’s specific circumstances. For example, it is impossible to prepare the conservative population of Russia for the idea that the state can allow same-sex marriage. Activists in large cities that share these ideas do not make even 10% of Russia’s population. The majority of Russians love their tzar and trust his course. That is why Putin's Russia is a long-lasting and serious matter.
Putinism and the model of Putin’s Russia are formed on the bases of the states of Ivan the Third, Peter the Great and Lenin. The main basis is the state's interest. For Putin, the state is not about only the social well-being of its citizens but also the protection of Russian civilization. He believes that economic success is a matter of time, so the priority is the state's territorial integrity. His logic is that Moscow’s interests are considered only when it behaves tough while its peaceful rhetoric is perceived as weakness. This explains his active strengthening of the armed forces and special services. Another important element is religion. Putin pays attention to all religious denominations. Like many rulers of Russia, he regards Orthodoxy as the instrument of uniting the Russian people, the state-builders.
According to Putinism, Moscow’s global mission is to protect conservative values. In this sense, Putin is not opposing his country to the West. He believes that modern Russia is the guardian of real Christian conservative European values. The EU’s failures in domestic and foreign policy led to a deep crisis in its organization and questioned the feasibility of integration project model as a tool for solving problems. Brexit, the victory of right-wing movements in Europe, and the triumph of Jacksonian conservative Donald Trump were indicators of systemic changes in world politics. Liberal Democrats do not want to believe that these events are the result of internal social demands. They actively promote the image of Putin as a new “godfather” of nationalism. He is not. He is the last of the pleiad of such leaders as Ronald Reagan and George H.W. Bush.
Success in Syria and active Russian politics in Asia, Africa and Venezuela show that the new system of international relations will no longer ignore Moscow as a factor. For Vladimir Putin, it is important that the great powers return to some principles of past systems: sovereignty and non-interference in each other’s internal affairs (the Westphalian system); balance of power (the Vienna system); and spheres of influence (the Yalta-Potsdam architecture). At the first stage, the “long-lasting state” of Putin will be formed in its natural geopolitical area. The main zone of influence is the post-Soviet space, which Putin’s Russia will not surrender.
There are many reasons for this. Firstly, not a single Western power will enter into an open confrontation with Russia for these countries. Secondly, in the battle of democracy with geography, the latter wins. Moscow has the advantage of deeper knowledge of these countries and peoples. Thirdly, the post-Soviet peoples who are promised democracy and better future lose their patience.
As its influence grows and Western countries' influence falls, Russia will gather back fragments of its empire and expand its geopolitical impact. This is the natural condition of Russian statehood from the moment of its appearance to the present day. Therefore, it is wrong to assume that Vladimir Putin bent Russia to his will. On the contrary, Russia has subsumed him to itself.
Photo credit: Press Service of the President of the Russian Federation
THAN A TRILLION DOLLARS IN AMERICAN
HOME
VALUES AND NOW THEY'RE COMING BACK FOR
MORE WITH THE BANKSTES' RENT BOY BIDEN!
Obama paid $600,000 for a single speech
Photo of former president Barack Obama.
(Credit: Official White House Photo by Pete Souza)
OBAMA AND BIDEN: SERVANT OF
THE 1%
Richest one percent controls
nearly half of global wealth
Wealth
concentration increases in US.
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
Former Vice President Joe Biden attended a fundraiser with Wall Street
donors during President Donald Trump’s campaign kickoff rally in Florida on
Tuesday.
AMERICA: THE RICH GET MUCH RICHER AND THE MIDDLE CLASS GETS
BLUDGEONED…. Illegals get the jobs!
*
“Today’s society benefits those who shaped it, and it has been shaped
not by working men and women, but by the new aristocratic elite. Big
banks, big tech, big multi-national corporations, along with their allies in
the academy and the media—these are the aristocrats of our age. They live in
the United States, but they consider themselves citizens of the
world” Sen. Josh Hawley
"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." ----
Patricia McCarthy - AMERICANTHINKER.com
"The tax
overhaul would mean an unprecedented windfall for the super-rich, on
top of the fact that virtually all income gains during the
period of the supposed recovery from the financial crash of 2008 have
gone to the top 1 percent income bracket."
*
Millionaires
projected to own 46 percent of global private wealth by 2019
While the wealth of the rich is growing at a
breakneck pace, there is a stratification of growth within the super wealthy,
skewed towards the very top.
By Gabriel Black
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
Despite a booming economy, many U.S. households are still just
holding on
https://mexicanoccupation.blogspot.com/2019/05/the-recovery-that-never-happened-except.html
"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between
asset owners and labor."
Jim Carrey: America ‘Doomed’ If We Don’t Regulate Capitalism"
The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."
Steven Mnuchin just completed the most
expensive purchase of a living artist’s work in
US history, spending over $91 million on a
three-foot-tall metallic sculpture. Ken Griffin,
the founder of hedge fund Citadel,
recently dropped $238 million on a
penthouse in New York City, the most
expensive US home ever purchased. And
Amazon’s Jeff Bezos, the world’s richest man,
has invested $42 million in a 10,000-year
clock.
$2,198,468,000,000: Federal Spending Hit 10-Year High Through March;
Taxes Hit 5-Year Low
JPMorgan
shares climb after the bank posts record earnings and revenue
"The Federal Reserve is a key mechanism
for perpetuating this whole filthy system, in which "Wall Street
rules."
Wall Street rules
the depression is already here for most of us below the
super-rich!
"Overall, the
reaction to the decision points to the underlying fragility of financial
markets, which have become a house of cards as a result of the massive
inflows of money from the Fed and other central banks, and are now
extremely susceptible to even a small tightening in financial
conditions."
Socialism haunts the
American ruling class In the two months since Donald Trump vowed in his
State of the Union Address that “America will never be a socialist country,”
the right-wing demagogue president and the Republican Party have embraced
anti-socialism as the defining theme of their campaign in the 2020 elections.
Before his first
day in office Barack Obama had sucked in more bribes from banksters than any
president in history.
During the
economic meltdown caused by Obama’s crony banksters, and Obama’s first two
years in office, banks made more money than eight years under pro-bankster
administration of George Bush.
Both of Obama’s
Attorney Generals, Eric Holder and Loretta Lynch, were chosen by the banks because
they were from law firms that had long protected big banks from their victims.
“This was not because of
difficulties in securing indictments or convictions. On the contrary, Attorney
General Eric Holder told a Senate committee in March of 2013 that the Obama
administration chose not to prosecute the big banks or their CEOs because to do
so might “have a negative impact on the national economy.”
Joe Biden, the
walking moron, was selected by Obama also because of his ties and servitude to
big banks!
OBOMB'S CRONY
BANKSTERS DESTROYED MORE
THAN A TRILLION DOLLARS IN AMERICAN
HOME
VALUES AND NOW THEY'RE COMING BACK FOR
MORE WITH THE BANKSTES' RENT BOY BIDEN!
Decades of decaying capitalism
have led to this accelerating divide.
While the rich accumulate wealth
with no restriction, workers’ wages
and benefits have been under
increasing attack. In 1979, 90 percent of
the population took in 70 percent
of the nation’s income. But, by 2017,
that fell to only 61 percent.
Obama paid $600,000 for a single speech
In the two years since
leaving the White House, former President Barack Obama has spent his time
raising and solidifying his position in the uppermost echelons of the top one
percent of Americans. Obama has raked in exorbitant amounts of money for public
speaking events and made deals worth millions with multiple companies.
Despite his quip, made
during the depths of the Great Recession, that “at a certain point you’ve made
enough money,” there seems to be no such limit for the Obamas. His family has
amassed so much wealth that even Obama himself said he was surprised in a
speech in South Africa last year.
Since he left office,
the former president has given an estimated 50 speeches a year to corporate
audiences for hundreds of thousands of dollars per event. In 2017, the same
year he left office, Obama was officially recognized as one of the top ten
highest paid public speakers in the US.
Just last month, Obama
was reported to have been paid nearly $600,000 to speak at the EXMA conference
in Bogotá, Colombia. According to the Bogotá Post, EXMA is Colombia’s largest marketing
and business event of the year and one of the largest in Latin America. Simply
titled, “A conversation with President Barack Obama,” his talk purportedly
addressed “influential growth strategies” in marketing and other aspects of the
marketing economy.
Colombia is infamous
for the corruption prevalent in its public sector and military,
which costs the country
$17 billion a year, equivalent to 5.3 percent of its GDP.
Colombia exports half
of the world’s cocaine and its drug cartels have been known
to have a hand in
the government. Corruption and drug money are so rampant that
Colombia’s Inspector
General likened it to “the new cartel.”
While Obama warns of
the danger of “exploding inequality” in his speeches, the massive sum granted
to him for one night in Bogotá is more than 10 times what the typical household
in the US makes in a year, and 72 times the average worker’s annual income in
Colombia.
Notably, Obama’s purse
was nearly triple the amount Hillary Clinton was paid for her notorious
speeches to Goldman Sachs that revealed her and the Democratic Party as Wall
Street stooges. Former President Bill Clinton was paid just $200,000 per speech
when he toured Latin America in 2005.
A key factor in Obama’s
newfound and growing wealth are those who profited from his presidency. A
number of his public speeches have been given to big Wall Street firms and
investors. Obama has given at least nine speeches to Cantor Fitzgerald, a large
investment and commercial real estate firm, and other high-end corporations.
According to records, each speech has been at least $400,000 a clip.
During his presidency,
Obama bragged that his administration was “the only thing
between [Wall Street]
and the pitchforks.”
In fact, Obama handed
the robber barons and outright criminals responsible for the 2008–09 financial
crisis a multi-trillion-dollar bailout. His administration oversaw the largest
redistribution of wealth in history from the bottom to the top one percent,
spearheading the attack on the living standards of teachers and autoworkers.
Under Obama’s watch the
stock markets soared as the Dow Jones Industrial Average increased by 149
percent. Meanwhile, the “war on terror” in the Middle East was expanded with
Obama becoming the first president to spend every day of his two terms at war,
much to the delight of the military-industrial complex.
As the wars raged on
and the financial oligarchs fattened themselves off the ever-increasing
mountain of wealth being concentrated at the top of society, real wages
stagnated and an unprecedented opioid overdose crisis spun out of control.
Rising numbers of “deaths of despair” during Obama’s tenure, particularly among
the working class, resulted in a decline in life expectancy unprecedented in
the modern era.
In addition to monetary
rewards for his service to the financial elite and military-intelligence
apparatus, Obama has been lavishly feted by socialites and billionaires such as
Richard Branson. Obama was Branson’s special guest in 2017 on a private island
where the pair were seen kite surfing and enjoying the amenities of Branson’s
exclusive resort.
Michelle Obama has also
benefited after the family’s departure from the White House. The couple signed
a $65 million book deal with publishing company Penguin Random House for their
political memoirs. Michelle’s memoir “Becoming” was the best-selling book of
2018 with over 10 million copies sold. The pair also signed multi-year deals
with Netflix and Spotify to produce content aimed at “fostering dialogue” and
promoting diversity in entertainment.
Obama’s lucrative
post-White House career hobnobbing with the corporate, entertainment and
financial elite epitomizes the revolving door relationship between the US
government and the private sector. Obama’s rewards are simply retroactive
bribery for services rendered to the capitalist elite, who have welcomed him
with open arms.
They Destroyed Our Country
“They knew Obama was an unqualified crook;
yet they promoted him. They knew Obama was a train wreck waiting to happen; yet
they made him president, to the great injury of America and the world. They
understood he was only a figurehead, an egomaniac, and a liar; yet they made
him king, doing great harm to our republic (perhaps irreparable.)”
THE RISE TO POWER OF BANKSTER-OWNED BARACK OBAMA
'Incompetent' and 'liar' among most frequently used words to describe the
president: Pew Research Center
The
larger fear is that Obama might be just another corporatist, punking voters
much as the Republicans do when they claim to be all for the common guy.
OBAMA'S ASSAULT ON AMERICA -WHY WALL
STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS
GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM
CEO pay is higher than ever, as is the chasm
separating the rich and super-rich from everyone else. The incomes of the top 1
percent grew more than 11 percent between 2009 and 2011—the first two years of
the Obama “recovery”—while the incomes of the bottom 99 percent actually
shrank.
Meanwhile,
Obama is pressing forward with his proposal, outlined in his budget for the
next fiscal year, to slash $400 billion from Medicare and $130 billion from
Social Security… AS WELL AS WIDER OPEN BORDERS, NO E-VERIFY, NO LEGAL NEED
APPLY TO KEEP WAGES DEPRESSED
OBAMA AND BIDEN: SERVANT OF
THE 1%
Richest one percent controls
nearly half of global wealth
The richest one percent of the world’s population now controls
48.2 percent of global wealth, up from 46 percent last year.
The report found that the growth of global inequality has
accelerated sharply since the 2008 financial crisis, as the values of financial
assets have soared while wages have stagnated and declined.
Biden defended the wealthy in his speech to the donors but
begged them to be aware of wealth inequality.
THE WALL
STREET BOUGHT AND OWNED DEMOCRAT PARTY
SERVING
BANKSTERS, BILLIONAIRES and INVADING ILLEGALS
“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
Biden defended the wealthy in his speech to the donors but
begged them to be aware of wealth inequality.
THE CRONY CLASS:
Income inequality grows FOUR TIMES FASTER under
Obama-Biden and their bankster regime than Bush.
“By the time of Bill Clinton’s election
in 1992, the Democratic Party had completely repudiated its association with
the reforms of the New Deal and Great Society periods. Clinton gutted welfare
programs to provide an ample supply of cheap labor for the rich (WHICH NOW
MEANS OPEN BORDERS AND NO E-VERIFY!), including a growing layer of black
capitalists, and passed the 1994 Federal Crime Bill, with its notorious “three
strikes” provision that has helped create the largest prison population in the
world.”
“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
Biden defended the wealthy in his speech
to the donors but begged them to be aware of wealth inequality.
INCOME PLUMMETS UNDER OBAMA AND HIS WALL STREET CRONIES
Biden defended the wealthy in his speech to the donors but
begged them to be aware of wealth inequality.
THE REAL
ECONOMY:
US “retail
apocalypse” expected to exceed annual high with more than 1,100 store closures
announced in one day.
The
declining living standards of the working class are feeding directly into the
retail apocalypse and mass layoffs of retail workers will only exacerbate the
issue. Workers’ wages have seen little to no growth in the last four decades,
and any economic growth experienced since 2008 has gone to the wealthiest of
the wealthy.
Why do all
global billionaires want wider open borders, amnesty and no E-VERIFY?
Biden defended the wealthy in his speech
to the donors but begged them to be aware of wealth inequality.
AMERICA:
THE ECONOMY IS RIGGED BY CONGRESS SO THE RICH BECOME SUPER RICH.
The
American middle class gets the tax bills for Wall Street’s crimes and
bottomeless bailouts!
Wealth
concentration increases in US.
The latest
research on wealth inequality by University of California economics professor
Gabriel Zucman underscores one of the key social and economic trends since the
global financial crisis of 2008. Those at the very top of society, who
benefited directly from the orgy of speculation that led to the crash, have
seen their wealth accumulate at an even faster rate, while the mass of the
population has suffered a major decline.
The past
40 years have seen the consolidation of a plutocratic elite, which has
subordinated every aspect of American society to a single goal: amassing ever
more colossal amounts of personal wealth. The top one percent have
captured all of the increase in national income over the past two
decades, and all of the increase in national wealth since the 2008 crash.
“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
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
BILLIONAIRE
BETO “BETOMATIC” O’ROURKE PROCLAIMS AMNESTY FOR 40 MILLION INVADING
“UNREGISTERED” DEMOCRAT VOTING ILLEGALS.
No word on
America’s homeless, housing or jobs crisis for Legals!
Joe Biden Fundraises with Wall
Street During Donald Trump Rally
CHARLIE SPIERING
18 Jun 201984
1:34
Former Vice President Joe Biden attended a fundraiser with Wall Street
donors during President Donald Trump’s campaign kickoff rally in Florida on
Tuesday.
The
fundraiser was hosted by Eric Mindich, the CEO of Eton Park Capital Management
with about 100 donors including Stephen Scherr, the executive vice president
and chief financial officer of Goldman Sachs, H. Rodgin Cohen the senior
chairman at Sullivan & Cromwell as well as former Clinton and Obama
officials
Biden
defended the wealthy in his speech to the donors but begged them to be aware of
wealth inequality.
“You
know what I’ve found is rich people are just as patriotic as poor people,” he
said. “Not a joke. I mean, we may not want to demonize anybody who has made
money. The truth of the matter is, you all, you all know, you all know in your
gut what has to be done.”
Biden
warned that if Trump won re-election, he would “literally fundamentally change
the nature of who we are and how we function.”
Biden
boasted that Obama leaned on him to help bring members of Congress together
during their administration.
“Folks,
I believe one of the things I’m pretty good at is bringing people together,” he
said. “Every time we had trouble in the administration, who got sent to the
Hill to settle it? Me. No, not a joke. Because I demonstrate respect for them.”
Biden
defended the wealthy in his speech to the donors but begged them to be aware of
wealth inequality.
AMERICA: THE RICH GET MUCH RICHER AND THE MIDDLE CLASS GETS
BLUDGEONED…. Illegals get the jobs!
*
Why do the billionaire class all want wider open borders and hordes
more “cheap” labor illegals? It’s all about keeping wages depressed for greater
profits!
*
“Today’s society benefits those who shaped it, and it has been shaped
not by working men and women, but by the new aristocratic elite. Big
banks, big tech, big multi-national corporations, along with their allies in
the academy and the media—these are the aristocrats of our age. They live in
the United States, but they consider themselves citizens of the
world” Sen. Josh Hawley
*
*
"This is how they will destroy
America from within. The leftist billionaires who
orchestrate these plans are wealthy. Those tasked with representing
us in Congress will never be exposed to the cost of the invasion of
millions of migrants. They have nothing but contempt
for those of us who must endure the consequences of
our communities being intruded upon by
gang members, drug dealers and human
traffickers. These people have
no intention of becoming Americans; like the Democrats who welcome
them, they have contempt for us." PATRICIA McCARTHY
“Behind the ostensible government sits enthroned an invisible
government owing no allegiance and acknowledging no responsibility to the
people. To destroy this invisible government, to befoul the unholy alliance
between corrupt business and corrupt politics is the first task of the
statesmanship of today.” THEODORE ROOSEVELT
*
"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." ----
Patricia McCarthy - AMERICANTHINKER.com
*
“The couple parlayed lives supposedly spent in “public service”
into admission into the upper stratosphere of American wealth, with incomes in the top 0.1 percent bracket. The source of this vast wealth was a political machine that might well be dubbed “Clinton, Inc.” This consists essentially of a seedy money-laundering operation to ensure big business support for the Clintons’ political ambitions as well as their personal fortunes."
into admission into the upper stratosphere of American wealth, with incomes in the top 0.1 percent bracket. The source of this vast wealth was a political machine that might well be dubbed “Clinton, Inc.” This consists essentially of a seedy money-laundering operation to ensure big business support for the Clintons’ political ambitions as well as their personal fortunes."
*
"The tax
overhaul would mean an unprecedented windfall for the super-rich, on
top of the fact that virtually all income gains during the
period of the supposed recovery from the financial crash of 2008 have
gone to the top 1 percent income bracket."
*
Graph from the Economic Policy Institute
Decades of decaying capitalism have led to this accelerating
divide. While the rich accumulate wealth with no restriction, workers’ wages
and benefits have been under increasing attack. In 1979, 90 percent of the
population took in 70 percent of the nation’s income. But, by 2017, that fell
to only 61 percent.
*
Millionaires
projected to own 46 percent of global private wealth by 2019
While the wealth of the rich is growing at a
breakneck pace, there is a stratification of growth within the super wealthy,
skewed towards the very top.
At the end of 2014, millionaire
households owned about 41 percent of global private wealth, according to BCG.
This means that collectively these 17 million households owned roughly $67.24
trillion in liquid assets, or about $4 million per household.
By Gabriel Black
*
The massive increase in the value of the stock market,
which only a small segment of the population participates in, means that
the top 10 percent of the population controls 73 percent of
all wealth in the United States. Just three men—Jeff Bezos, Warren
Buffet and Bill Gates—had more wealth than the bottom half of America
combined last year.
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
America Created Just 20,000 Jobs in
February...and those all went to foreign born
Exclusive–Mo Brooks: ‘Masters of the
Universe’ Want More Immigration to ‘Decrease Incomes of Americans’
Consequently, the pumping of
ultra-cheap money into the financial system, fueling speculation and
parasitism, together with ever-widening social inequality, is not
a temporary measure but must be made permanent.
The declining living standards of the
working class are feeding directly into the retail apocalypse and
mass layoffs of retail workers will only exacerbate the issue.
Workers’ wages have seen little to no
growth in the last four decades, and any economic growth experienced
since 2008 has gone to
Biden defended the wealthy in his speech to the donors but
begged them to be aware of wealth inequality.
“US
household net worth sees biggest fall since crisis”
*
“Trump
Touts Legal Immigration
System for ‘Our Corporations’ at Expense of
American Workers “– JOHN
BINDER
Trump’s
shift from a wage-boosting legal immigration system to one that benefits
corporations and their shareholders coincides with recent big business lobby
influence over his White House, at the behest of advisers Jared Kushner and
Brooke Rollins.
*
“Trump
Abandons ‘America First’ Reforms: ‘We Need’ More Immigration to
Grow Business Profits” JOHN BINDER
Biden
defended the wealthy in his speech to the donors but begged them to be aware of
wealth inequality.
Despite a booming economy, many U.S. households are still just
holding on
https://mexicanoccupation.blogspot.com/2019/05/the-recovery-that-never-happened-except.html
"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between
asset owners and labor."
“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 THEAMERICAN THINKER.com
“Behind the ostensible government sits enthroned an
invisible government owing no allegiance and acknowledging no responsibility to
the people. To destroy this invisible government, to befoul the unholy alliance
between corrupt business and corrupt politics is the first task of the
statesmanship of today.” THEODORE ROOSEVELT
Jim Carrey: America ‘Doomed’ If We Don’t Regulate Capitalism"
The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."
The father of US Treasury Secretary
Steven Mnuchin just completed the most
expensive purchase of a living artist’s work in
US history, spending over $91 million on a
three-foot-tall metallic sculpture. Ken Griffin,
the founder of hedge fund Citadel,
recently dropped $238 million on a
penthouse in New York City, the most
expensive US home ever purchased. And
Amazon’s Jeff Bezos, the world’s richest man,
has invested $42 million in a 10,000-year
clock.
Decades
of decaying capitalism have led to this accelerating divide. While the rich
accumulate wealth with no restriction, workers’ wages and benefits have been
under increasing attack. In 1979, 90 percent of the population took in 70
percent of the nation’s income. But, by 2017, that fell to only 61 percent.
"This is how they will destroy
America from within. The leftist billionaires who
orchestrate these plans are wealthy. Those tasked with representing
us in Congress will never be exposed to the cost of the invasion of
millions of migrants. They have nothing but contempt
for those of us who must endure the consequences of our communities
being intruded upon by gang members, drug dealers and
human traffickers. These people have no intention
of becoming Americans; like the Democrats who welcome them, they have
contempt for us." PATRICIA McCARTHY
In 2014
the Russell Sage Foundation found that between 2003 and 2013, the median
household net worth of those in the United States fell from $87,992 to
$56,335—a drop of 36 percent. While the rich also saw their wealth drop during
the recession, they are more than making that money back.
Between
2009 and 2012, 95 percent of all the income gains in the US went to the top 1
percent. This is the most distorted post-recession income gain on record.
Additionally, Koch spokespeople at the donors’ conference
said the network has its sights set on pushing amnesty for millions of illegal
aliens this year.
Biden defended the wealthy in his
speech to the donors but begged them to be aware of wealth inequality.
NO PRESIDENT SUCKED IN MORE BRIBES FROM BANKSTERS BEFORE AND
AFTER HIS PRESIDENCY THAT BARACK OBAMA.
Trump criticized Dimon in
2013 for supposedly contributing to the country’s economic
downturn. “I’m not Jamie Dimon, who pays $13 billion to settle a case
and then pays $11 billion to settle a case and who I think is the worst
banker in the United States,” he told reporters.
“The response of the administration was to rush to the defense
of the banks. Even before coming to power, Obama expressed his unconditional
support for the bailouts, which he subsequently expanded. He assembled an
administration dominated by the interests of finance capital, symbolized by
economic adviser Lawrence Summers and Treasury Secretary Timothy Geithner.”
Practically every cabinet appointee of Obama’s has close
personal connections to the ruling class, many having come directly from
corporate boardrooms. Under Obama’s watch not a single executive at a major
financial firm has been criminally tried, much less sent to jail, for their
role in the financial crisis.
“Attorney General Eric Holder's tenure was a
low point even within the disgraceful scandal-ridden Obama years.” DANIEL
GREENFIELD / FRONTPAGE MAG
"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between
asset owners and labor."
This manufactured crisis has, in turn, been exploited by the
Obama administration and both big business parties to hand over trillions in
pension funds and other public assets to the financial kleptocracy that rules
America.
“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 THEAMERICAN THINKER.com
“This was not because of difficulties in securing indictments or
convictions. On the contrary, Attorney General Eric Holder told a Senate
committee in March of 2013 that the Obama administration chose not to prosecute
the big banks or their CEOs because to do so might “have a negative impact on
the national economy.”
"One of the premier institutions of big business, JP
Morgan Chase, issued an internal report on the eve of the 10th anniversary
of the 2008 crash, which warned that another “great liquidity crisis”
was possible, and that a government bailout on the scale of that
effected by Bush and Obama will produce social unrest, “in light of
the potential impact of central bank actions in driving
inequality between asset owners and labor."
$2,198,468,000,000: Federal Spending Hit 10-Year High Through March;
Taxes Hit 5-Year Low
(Getty
Images/Ron Sachs-Pool)
(CNSNews.com) - The federal government spent $2,198,468,000,000
in the first six months of fiscal 2019 (October through March), which is the
most it has spent in the first six months of any fiscal year in the last
decade, according
to the Monthly Treasury Statements.
The last time the government spent more in the
October-through-March period was in fiscal 2009, when it spent
$2,326,360,180,000 in constant March 2019 dollars.
Fiscal 2009 was the fiscal year that began with President George
W. Bush signing a $700-billion law to bailout the banking industry in October
2008 and then saw President Barack Obama sign a $787-billion stimulus law in
February 2009.
JPMorgan
shares climb after the bank posts record earnings and revenue
3h
Jamie Dimon arriving to testify before
Congress. Aaron P. Bernstein/Reuters
· JPMorgan
reported first-quarter earnings results on Friday, kicking off another earnings
season for the largest US banks.
JPMorgan Chase reported record first-quarter results on both the
top and bottom lines Friday morning. Shares climbed 2.3% in early trading to
$108.68.
Here's how the results stacked up with Wall Street's
expectations as compiled by Bloomberg.
· Adjusted
net income: $9.18 billion versus $7.7 billion expected
· Earnings
per share: $2.65 versus $2.34 expected
· Revenue: $29.85
billion versus $28.4 billion expected
· Expenses: $16.4
billion versus $16.7 billion expected
"In the first quarter of 2019, we had record revenue and
net income, strong performance across each of our major businesses, and a more
constructive environment," CEO Jamie Dimon said in the earnings
release. "Even amid some global geopolitical uncertainty, the US
economy continues to grow, employment and wages are going up, inflation is
moderate, financial markets are healthy, and consumer and business confidence
remains strong."
A deeper look into the numbers showed the trading and
investment-banking businesses exceeded expectations, though trading declined
17% from the year earlier:
· FICC sales
& trading revenue: $3.73 billion versus $3.67 billion
expected
· Equity
sales & trading revenue: $1.74 billion versus $1.73
billion expected
· Investment-banking
revenue: $1.75 billion versus $1.63 billion expected
"The Federal Reserve is a key mechanism
for perpetuating this whole filthy system, in which "Wall Street
rules."
Wall Street rules
The Federal Reserve sent a clear message to Wall Street on
Friday: It will not allow the longest bull market in American history to end.
The message was received loud and clear, and the Dow rose by more than 700
points.
Hundreds of thousands of federal workers remain furloughed or
forced to work without pay as the partial government shutdown enters its third
week, but the US central bank is making clear that all of the resources of the
state are at the disposal of the financial oligarchy.
Responding to Thursday’s market selloff following a dismal
report from Apple and signs of a manufacturing slowdown in both China and the
US, the Fed declared it was “listening” to the markets and would scrap its
plans to raise interest rates.
Speaking at a conference in Atlanta, where he was flanked by his
predecessors Ben Bernanke and Janet Yellen, both of whom had worked to reflate
the stock market bubble after the 2008 financial crash, Chairman Jerome Powell
signaled that the Fed would back off from its two projected rate increases for
2019.
“We’re listening sensitively to the messages markets are
sending,” he said, adding that the central bank would be “patient” in imposing
further rate increases. To underline the point, he declared, “If we ever came
to the conclusion that any aspect of our plans” was causing a problem, “we
wouldn’t hesitate to change it.”
This extraordinary pledge to Wall Street followed the 660 point
plunge in the Dow Jones Industrial Average on Thursday, capping off the worst
two-day start for a new trading year since the collapse of the dot.com bubble.
William McChesney Martin, the Fed chairman from 1951 to 1970,
famously said that his job was “to take away the punch bowl just as the party
gets going.” Now the task of the Fed chairman is to ply the wealthy revelers
with tequila shots as soon as they start to sober up.
Powell’s remarks were particularly striking given that they
followed the release Friday of the most upbeat jobs report in over a year, with
figures, including the highest year-on-year wage growth since the 2008 crisis,
universally lauded as “stellar.”
While US financial markets have endured the worst December
since the Great Depression, amid mounting fears of a looming
recession and a new financial crisis, analysts have been quick to point
out that there are no “hard” signs of a recession in the United States.
Both the Dow and the S&P 500 indexes have fallen more than
15 percent from their recent highs, while the tech-heavy NASDAQ has entered
bear market territory, usually defined as a drop of 20 percent from recent
highs.
The markets, Powell admitted, are “well ahead of the data.” But
it is the markets, not the “data,” that Powell is listening to.
Since World War II, bear markets have occurred, on average,
every five-and-a-half years. But if the present trend continues, the Dow will
reach 10 years without a bear market in March, despite the recent losses.
Now the Fed has stepped in effectively to pledge that it
will allocate whatever resources are needed to ensure that
no substantial market correction takes place. But this
means only that when the correction does come, as it inevitably
must, it will be all the more severe and the Fed will
have all the less power to stop it.
From the standpoint of the history of the institution, the Fed’s
current more or less explicit role as backstop for the stock market is a
relatively new development. Founded in 1913, the Federal Reserve legally has
had the “dual mandate” of ensuring both maximum employment and price stability
since the late 1970s. Fed officials have traditionally denied being influenced
in policy decisions by a desire to drive up the stock market.
Federal Reserve Chairman Paul Volcker, appointed by Democratic
President Jimmy Carter in 1979, deliberately engineered an economic recession
by driving the benchmark federal funds interest rate above 20 percent. His
highly conscious aim, in the name of combating inflation, was to quash a wages
movement of US workers by triggering plant closures and driving up
unemployment.
The actions of the Fed under Volcker set the stage for a vast
upward redistribution of wealth, facilitated on one hand by the trade unions’
suppression of the class struggle and on the other by a relentless and dizzying
rise on the stock market.
Volcker’s recession, together with the Reagan administration’s
crushing of the 1981 PATCO air traffic controllers’ strike, ushered in decades
of mass layoffs, deindustrialization and wage and benefit concessions, leading
labor’s share of total national income to fall year after year.
These were also decades of financial deregulation, leading to
the savings and loan crisis of the late 1980s, the dot.com bubble of 1999-2000,
and, worst of all, the 2008 financial crisis.
In each of these crises, the Federal Reserve carried out what
became known as the “Greenspan put,” (later the “Bernanke put”)—an implicit
guarantee to backstop the financial markets, prompting investors to take ever
greater risks.
In 2008, this resulted in the most sweeping and systemic
financial crisis since the Great Depression, prompting Fed Chairman Bernanke,
New York Fed President Tim Geithner and Treasury Secretary Henry Paulson (the former
CEO of Goldman Sachs) to orchestrate the largest bank bailout in human history.
Since that time, the Federal Reserve has carried out its most
accommodative monetary policy ever, keeping interest rates at or near zero
percent for six years. It supplemented this boondoggle for the financial elite
with its multi-trillion-dollar “quantitative easing” money-printing program.
The effect can be seen in the ever more staggering wealth of the
financial oligarchy, which has consistently enjoyed investment returns of
between 10 and 20 percent every year since the financial crisis, even as the
incomes of workers have stagnated or fallen.
American capitalist society is hooked on the toxic growth of
social inequality created by the stock market bubble. This, in turn, fosters
the political framework not just for the decadent lifestyles of the financial
oligarchs, each of whom owns, on average, a half-dozen mansions around the
world, a private jet and a super-yacht, but also for the broader periphery of
the affluent upper-middle class, which provides the oligarchs with political
legitimacy and support. These elite social layers determine American political
life, from which the broad mass of working people is effectively excluded.
The Federal Reserve is a key mechanism for perpetuating
this whole filthy system, in which “Wall Street rules.” But its
services in behalf of the rich and the super-rich only compound the
fundamental and insoluble contradictions of capitalism, plunging the system
into ever deeper debt and ensuring that the next crisis will be
that much more violent and explosive.
In this intensifying crisis, the working class must assert its
independent interests with the same determination and ruthlessness as evinced
by the ruling class. It must answer the bourgeoisie’s social counterrevolution
with the program of socialist revolution.
the depression is already here for most of us below the
super-rich!
Trump and the GOP created a fake economic boom on
our collective credit card: The equivalent of maxing out your credit
cards and saying look how good I'm doing right now.
*
Trump criticized Dimon in
2013 for supposedly contributing to the country’s economic
downturn. “I’m not Jamie Dimon, who pays $13 billion to settle a case
and then pays $11 billion to settle a case and who I think is the worst
banker in the United States,” he told reporters.
*
"One of the premier institutions of big business, JP
Morgan Chase, issued an internal report on the eve of the 10th anniversary
of the 2008 crash, which warned that another “great liquidity crisis”
was possible, and that a government bailout on the scale of that
effected by Bush and Obama will produce social unrest, “in light of
the potential impact of central bank actions in driving
inequality between asset owners and labor."
*
"Overall, the
reaction to the decision points to the underlying fragility of financial
markets, which have become a house of cards as a result of the massive
inflows of money from the Fed and other central banks, and are now
extremely susceptible to even a small tightening in financial
conditions."
*
"It is significant that what the Financial Times described
as a “tsunami of money”—estimated to reach $1 trillion for the year—has failed
to prevent what could be the worst year for stock markets since the global
financial crisis."
*
"A decade ago, as the financial crisis raged, America’s
banks were in ruins. Lehman Brothers, the storied 158-year-old investment
house, collapsed into bankruptcy in mid-September 2008. Six months
earlier, Bear Stearns, its competitor, had required a government-engineered
rescue to avert the same outcome. By October, two of the nation’s largest
commercial banks, Citigroup and Bank of America, needed their own
government-tailored bailouts to escape failure. Smaller but still-sizable
banks, such as Washington Mutual and IndyMac, died."
*
The GOP said the "Tax Cuts and Jobs Act"
would reduce deficits and supercharge the economy (and stocks and
wages). The White House says things are working as planned, but one year
on--the numbers mostly suggest otherwise.
Obama's Wall Street cabinet
6 April 2009
A series of articles published over the weekend, based on
financial disclosure reports released by the Obama administration last Friday
concerning top White House officials, documents the extent to which the administration,
in both its personnel and policies, is a political instrument of Wall Street.
Policies that are extraordinarily favorable to the financial
elite that were put in place over the past month by the Obama administration
have fed a surge in share values on Wall Street. These include the scheme to
use hundreds of billions of dollars in public funds to pay hedge funds to buy
up the banks’ toxic assets at inflated prices, the Auto Task Force’s rejection
of the recovery plans of Chrysler and General Motors and its demand for even
more brutal layoffs, wage cuts and attacks on workers’ health benefits and
pensions, and the decision by the Financial Accounting Standards Board (FASB)
to weaken “mark-to-market” accounting rules and permit banks to inflate the value
of their toxic assets.
At the same time, Obama has campaigned against restrictions on
bonuses paid to executives at insurance giant American International Group
(AIG) and other bailed-out firms, and repeatedly assured Wall Street that he
will slash social spending, including Medicare, Medicaid and Social Security.
The new financial disclosures reveal that top Obama advisors
directly involved in setting these policies have received millions from Wall
Street firms, including those that have received huge taxpayer bailouts.
The case of Lawrence Summers, director of the National Economic
Council and Obama’s top economic adviser, highlights the politically incestuous
character of relations between the Obama administration and the American
financial elite.
Last year, Summers pocketed $5 million as a managing director of
D.E. Shaw, one of the biggest hedge funds in the world, and another $2.7
million for speeches delivered to Wall Street firms that have received
government bailout money. This includes $45,000 from Citigroup and $67,500 each
from JPMorgan Chase and the now-liquidated Lehman Brothers.
For a speech to Goldman Sachs executives, Summers walked away
with $135,000. This is substantially more than double the earnings for an
entire year of high-seniority auto workers, who have been pilloried by the
Obama administration and the media for their supposedly exorbitant and
“unsustainable” wages.
Alluding diplomatically to the flagrant conflict of interest
revealed by these disclosures, the New York Times noted on Saturday: “Mr.
Summers, the director of the National Economic Council, wields important
influence over Mr. Obama’s policy decisions for the troubled financial
industry, including firms from which he recently received payments.”
Summers was a leading advocate of banking deregulation. As
treasury secretary in the second Clinton administration, he oversaw the lifting
of basic financial regulations dating from the 1930s. The Times article notes
that among his current responsibilities is deciding “whether—and how—to tighten
regulation of hedge funds.”
Summers is not an exception. He is rather typical of the
Wall Street insiders who comprise a cabinet and White House team that is filled
with multi-millionaires, presided over by a president who parlayed his own
political career into a multi-million-dollar fortune.
Michael Froman, deputy national security adviser for
international economic affairs, worked for Citigroup and received more than
$7.4 million from the bank from January of 2008 until he entered the Obama
administration this year. This included a $2.25 million year-end bonus handed
him this past January, within weeks of his joining the Obama administration.
Citigroup has thus far been the beneficiary of $45 billion in
cash and over $300 billion in government guarantees of its bad debts.
David Axelrod, the Obama campaign’s top strategist and now
senior adviser to the president, was paid $1.55 million last year from two
consulting firms he controls. He has agreed to buyouts that will garner him another
$3 million over the next five years. His disclosure claims personal assets of
between $7 and $10 million.
Obama’s deputy national security adviser, Thomas E. Donilon, was
paid $3.9 million by a Washington law firm whose major clients include
Citigroup, Goldman Sachs and the private equity firm Apollo Management.
Louis Caldera, director of the White House Military Office, made
$227,155 last year from IndyMac Bancorp, the California bank that heavily
promoted subprime mortgages. It collapsed last summer and was placed under
federal receivership.
The presence of multi-millionaire Wall Street insiders extends
to second- and third-tier positions in the Obama administration as well. David
Stevens, who has been tapped by Obama to head the Federal Housing
Administration, is the president and chief operating officer of Long and Foster
Cos., a real estate brokerage firm. From 1999 to 2005, Stevens served as a top
executive for Freddie Mac, the federally-backed mortgage lending giant that was
bailed out and seized by federal regulators in September.
Neal Wolin, Obama’s selection for deputy counsel to the
president for economic policy, is a top executive at the insurance giant
Hartford Financial Services, where his salary was $4.5 million.
Obama’s Auto Task Force has as its top advisers two investment
bankers with a long resume in corporate downsizing and asset-stripping.
It is not new for leading figures from finance to be named to
high posts in a US administration. However, there has traditionally been an effort
to demonstrate a degree of independence from Wall Street in the selection of
cabinet officials and high-ranking presidential aides, often through the
appointment of figures from academia or the public sector. In previous decades,
moreover, representatives of the corporate elite were more likely to come from
industry than from finance.
In the Obama administration such considerations have largely
been abandoned.
This will not come as a surprise to those who critically
followed Obama’s election campaign. While he postured before the electorate as
a critic of the war in Iraq and a quasi-populist force for “change,” he was
from the first heavily dependent on the financial and political backing of
powerful financiers in Chicago. Banks, hedge funds and other financial
firms lavishly backed his presidential bid, giving him considerably more than
they gave to his Republican opponent, Senator John McCain.
Friday’s financial disclosures further expose the bankruptcy of
American democracy. Elections have no real effect on government policy, which
is determined by the interests of the financial aristocracy that dominates both
political parties. The working class can fight for its own interests—for jobs,
decent living standards, health care, education, housing and an end to war.
///
“Records show that four out of Obama's top five contributors are
employees of financial industry giants - Goldman Sachs ($571,330), UBS AG
($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”
OBAMA and HIS BANKS: THEIR PROFITS, CRIMES and LOOTING SOAR
CRONY KING OBAMA: CURL: The Obamas live the 1% life
OBAMAnomics:
FROM THE MAN THAT HATED AMERICAN BUT LOVED AMERICAN BANKSTERS:
OBAMA, THE BANKSTER OWNED LA RAZA DEM
THE GLOBALIST LEGACY OF A SOCIOPATH
Obama warns against “cynicism” at Ohio State commencement
address
7 May 2013
At a commencement address on Sunday at Ohio State University,
President Barack Obama counseled students not to be “cynical” about government
and politics.
There was an almost comically absurd element to Obama’s remarks,
delivered with his characteristic demagogy and attempted gestures at
profundity. In his first four years in office, along with the first
months of his second term, Obama proceeded to systematically repudiate every
campaign pledge and to deflate every illusion that, with the assistance of a
highly coordinated marketing campaign, led millions of people, including a
large number of young people, to vote for him in 2008.
The Obama administration handed trillions of dollars to the
banks; has overseen a massive attack on public education; is leading the
campaign to slash Social Security and Medicare, the core federal retirement and
health care programs; expanded the war in Afghanistan, led a war against Libya,
and is preparing a new war in Syria; and has asserted the right to kill anyone,
anywhere, including US citizens, without due process.
After this record of service to the corporate elite, he
declares: “When we turn away and get discouraged and cynical… we grant our
silent consent to someone who will gladly claim it. That’s how we end up with
lobbyists who set the agenda; and policies detached from what middle class
families face every day; the well-connected who publicly demand that Washington
stay out of their business—and then whisper in government’s ear for special
treatment that you don’t get.”
The references to the “whispers” of the wealthy and
well-connected is particularly rich, coming only a week after Obama nominated
Penny Pritzker for commerce secretary. The selection of Pritzker—a
longtime Obama confidant, billionaire heiress and owner of a private equity
company—only underscores the fact that the administration is a government of,
by and for the financial aristocracy. She will be the wealthiest
person ever to serve in a presidential cabinet.
Previous to his appointment of Pritzker, Obama appointed Mary Jo
White to head the Securities and Exchange Commission (SEC), one of the main
financial regulators. White made millions of dollars as an attorney
for banks responsible for the financial crisis, including Bank of America and
JPMorgan Chase, whose CEO, Jamie Dimon, called White the “perfect choice” to
head the SEC.
Practically every cabinet appointee of Obama’s has close personal
connections to the ruling class, many having come directly from corporate
boardrooms. Under Obama’s watch not a single executive at a major financial
firm has been criminally tried, much less sent to jail, for their role in the
financial crisis.
As a whole, Obama’s speech was characterized by a complete
separation from the actual conditions facing the graduates he spoke to, who
confront joblessness, falling wages, and a lifetime in debt. “You have every
reason to believe that your future is bright,” he told his audience. “You’re
graduating into an economy and a job market that is steadily healing.”
He added later, “The trajectory of this great nation should give
you hope.” Really? This is under conditions in which over 11 percent of college
graduates are unemployed a year after getting out of school, and another 16.1
percent simply drop out of the labor force, according to the Bureau of Labor
Statistics. Most of those who do find a job are paid barely enough to get by,
let alone pay off student loans. Wages for young adults are falling faster than
any other part of the population, and are down by 6 percent in the past four
years.
Most of the students that Obama addressed Sunday will be so
burdened with debt that they will delay or have to completely put off starting
a family or buying a home.
It is not surprising that Obama should neglect to dwell on this
disastrous situation, because his administration bears responsibility for it.
In the government-sponsored restructuring of the auto industry, the White House
insisted that the wages of new-hires be slashed in half, setting the stage for
vast reduction of wages throughout the economy.
Obama sought to paint opposition to the government’s violation
of democratic rights as right-wing hysterics. “Unfortunately, you’ve grown up
hearing voices that incessantly warn of government as nothing more than some
separate, sinister entity,” Obama said. “They’ll warn that tyranny is always
lurking just around the corner. You should reject these voices.”
This comes from a president who has personally overseen the
illegal assassination of thousands of people, including at least three American
citizens, in weekly “Terror Tuesday” meetings. The assertions of executive
power have been systematically expanded, going beyond those claimed even by the
Bush administration. The specter of a police state—the response of the ruling
class to growing social opposition—is in fact lurking around the corner.
The moribund state of American politics, of which the Obama
administration is a principal expression, is, according to the president, the
fault of the American people. “Democracy doesn’t function without your active
participation,” he admonished. If politicians “don’t represent you the way you
want… you’ve got to let them know that’s not okay. And if they let you down,
there’s a built-in day in November where you can really let them know that’s
not okay.”
Such limp efforts to encourage illusions in the viability of the
“democratic process” in the United States will not go very far. The experience
of the past four years has not passed in vain. Millions of people, including
many of those in the audience at Ohio State, are drawing the quite justified,
if “cynical,” conclusion that the entire political and economic system is
rotten to the core.
Mounting evidence of international collusion in Libor rigging -
THE RAPE OF THE ECONOMY BY THE BANKSTERS
Mounting evidence of international collusion in Libor rigging
OBAMA'S AND HIS CRIMINAL BANKSTER DONORS
AT WORK:
JPMorgan’s investment arm, which includes its energy group,
collects $14 billion annually; in comparison, six months’ worth of fines would
amount to a paltry $180 million.
THERE IS A REASON WHY THE BANKSTERS INVESTED HEAVILY IN OBAMA’S
CORRUPT ADMINISTRATION!
Records show that four out of Obama's top
five contributors are employees of financial industry giants - Goldman Sachs
($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup
($358,054).
Obama: JPMorgan Is 'One of the
Best-Managed Banks'
By Mary Bruce | ABC OTUS News – 2 hrs 31
mins ago
Obama: JPMorgan Is 'One of the …
Lou Rocco / ABC News
Just hours after a top JPMorgan Chase
executive retired in the wake of a stunning $2 billion trading loss, President
Obamatold the hosts of ABC's "The View" that the bank's risky bets
exemplified the need for Wall Street reform.
*
JPMorgan Chase investigated for manipulating California energy
market
By Oliver Richards
23 July 2012
The California
Independent Systems Operator (CalISO), the nonprofit organization that
coordinates the state’s electricity market, has alleged that JPMorgan
Chase& Co. manipulated the state’s energy market, resulting in at least $73
million in improper payments—costs passed along to the state’s energy
consumers.
OBAMA’S CRONY BANKSTERS:
STILL SUCKING THE BLOOD OUT OF AMERICA
This manufactured crisis has, in turn, been exploited by the
Obama administration and both big business parties to hand over trillions in
pension funds and other public assets to the financial kleptocracy that rules
America.
“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 THEAMERICAN THINKER.com
“This was not because of difficulties in securing indictments or
convictions. On the contrary, Attorney General Eric Holder told a Senate
committee in March of 2013 that the Obama administration chose not to prosecute
the big banks or their CEOs because to do so might “have a negative impact on
the national economy.”
OBAMANOMICS TO SERVE BANKSTERS
AND GLOBAL BILLIONAIRES
"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between
asset owners and labor."
BILLIONAIRES, BANKSTERS AND THE RICH PARTNER WITH TRUMP TO
FIGHT … economic equality.
"JPMorgan
Chase CEO Jamie Dimon, who was known as Barack Obama’s
favorite banker and who has been a major donor to
the
Democratic Party, centered his annual letter to shareholders on a
denunciation of socialism."
BANKSTER
SOCIALISM
Dimon’s bank received tens of billions of dollars in
government bailouts and many billions more from the
Obama administration’s ultra-low interest rate and “quantitative
easing” money-printing policies. He told his shareholders that
“socialism inevitably produces stagnation, corruption” and
“authoritarian government,” and would be “a disaster for our
country.”… UNLESS IT IS SOCIALISM FOR BANKSTERS AND WALL STREET!
*
"This paved the way for the elevation of
Trump, the personification of the criminality and backwardness of the ruling
oligarchy."
*
"The
very fact that the US government officially acknowledges a growth of
popular support for socialism, particularly among the nation’s youth,
testifies to vast changes taking place in the political consciousness of
the working class and the terror this is striking within the ruling
elite. America is, after all, a country where anti-communism was for
the greater part of a century a state-sponsored secular religion. No
ruling class has so ruthlessly sought to exclude socialist
politics from political discourse as the American ruling class."
*
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