THE LOOT STASHED AWAY BE FEINSTEIN, THE OBOMBS, THE BIDEN CRIME FAMILY AND THE CRIME DUAL OF HILLARY AND BILLARY NEARS HALF A BILLION DOLLARS!
The form that this transfer is taking is a plan to increase the already outrageous $7,500 taxpayer-funded credit for electric car purchases to a $12,500 credit.
Chris Hedges & Richard Wolff | Infrastructure & Pandemic Relief Are BLATANT SCAMS
https://www.youtube.com/watch?v=FqCDmLdy5jY
Chris Hedges & Richard Wolff | America's OBVIOUS DECLINE
https://www.youtube.com/watch?v=QGQT69IuP4U
Chris Hedges & Richard Wolff | Billionares PROFITED FROM PANDEMIC!
https://www.youtube.com/watch?v=JJR5g_mcnoo
What Happened To The American Middle Class? | Financial Crash Documentary | Business Stories
https://www.youtube.com/watch?v=YbTlq7A-wVs
Don’t be fooled by Joe Biden
https://www.youtube.com/watch?v=mCqc5Ozrh6c
Chris Hedges | NAFTA, Clinton, and Obama BETRAYED Americans... and Joe Biden was right there with the worst of them!
https://www.youtube.com/watch?v=qryblALiqOI
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
Democrats are again planning to pay rich people to buy expensive cars
As part of their appalling, budget-busting $3.5 trillion infrastructure bill, Democrats are insisting upon a vast transfer of wealth from less affluent taxpayers to the very rich. The form that this transfer is taking is a plan to increase the already outrageous $7,500 taxpayer-funded credit for electric car purchases to a $12,500 credit.
Just The News has the story:
House Republicans are arguing against a Democratic proposal to increase the $7,500 taxpayer-funded credit for electric car purchases to as much as $12,500, arguing that it would disproportionately help wealthy Americans who can afford to buy pricey electric vehicles.
Democrats on the House Ways and Means Committee have proposed increasing the credit as part of their party’s filibuster-proof $3.5 trillion budget reconciliation bill, which includes new social programs and billions for electric vehicle infrastructure.
Electric cars “can cost anywhere from 10 percent to over 40 percent more than a similar gasoline-only model,” a Consumer Reports analysis found last year (although the study argued that estimated savings on things like fuel and repairs offset the higher purchase prices over time).
As an extra bonus, the credit is also a payoff to unions, since the credit would apply only to union-made vehicles assembled in the U.S.:
Tesla purchases would not be eligible for the new credit since the company’s workforce is not unionized. Automakers such as Toyota and Honda are speaking out against the Democrats’ proposal, given that their workforce is not unionized either.
Putting aside the fact that electric cars aren’t as green as promised, given their filthy batteries created using materials associated with brutal child labor* and the fact that they often just transfer pollution from the gas tank to the fossil-fuel-burning electric plant, the incentives are nothing more than money for rich people. That’s not just me saying that. That’s also what a National Bureau of Economic Research paper said in 2015 (and I doubt much has changed since then, especially in these inflationary times):
Since 2006, U.S. households have received more than $18 billion in federal income tax credits for weatherizing their homes, installing solar panels, buying hybrid and electric vehicles, and other "clean energy" investments. We use tax return data to examine the socioeconomic characteristics of program recipients. We find that these tax expenditures have gone predominantly to higher-income Americans. The bottom three income quintiles have received about 10% of all credits, while the top quintile has received about 60%. The most extreme is the program aimed at electric vehicles, where we find that the top income quintile has received about 90% of all credits. By comparing to previous work on the distributional consequences of pricing greenhouse gas emissions, we conclude that tax credits are likely to be much less attractive on distributional grounds than market mechanisms to reduce GHGs. (Emphasis mine.)
It's true, of course, that roughly half of the American population isn’t paying any federal income taxes and that the rich are paying a vastly disproportionate share of taxes. One could say that those rich people who buy electric cars because of the credit are just getting a form of tax refund. That point, however, ignores that there are lots of people who aren’t rich who nevertheless turn a healthy chunk of their income over to the bloated federal government every year. It’s unconscionable that these people subsidize affluent Americans buying their virtue-signaling electric vehicles.
The problem for leftists is that electric cars, despite being zippy, have lots of problems that make them incapable of competing in the marketplace. If you’re on a road trip and you run low on electricity, you can’t bop into a gas station, fill up, and be on the road five minutes later. Instead, plan for an hour sitting there, waiting for the car to charge—and that’s assuming there’s no line. The cars can also lose up to 40% of their range in cold weather, something that’s common in large parts of the U.S.
Moreover, even if you’re not paying for gasoline, you’re still paying for electricity, something that’s shot up thanks to Biden’s policies. In the San Francisco Bay Area, one of America’s most aggressively virtue-signaling communities, electricity jumped by 9.3% in one month. Apartment dwellers may also find it difficult to charge their car at night because there’s no convenient electric outlet.
These are all practical problems, though, and the Democrats don’t have time for that. They’re out to save the world from a nonexistent crisis and, if they have to rob working-class people to get the rich to buy impractical cars—by God! They’re going to do it.
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* Of course, the computers and phones without which we can’t function also depend on that same child slave labor. The whole modern battery issue is a situation from which too many people benefit.
Image: A Tesla broken down on a German roadside (and electric cars also need special roadside assistance). Copyright by Ralf Roletschek / roletschek.at. Used with permission.
As Democrats shield wealth of billionaires, Biden pleads with super-rich to pay their “fair share”
On Thursday, President Joe Biden made a demagogic speech from the White House presenting his “Build Back Better” budget plan as a historic reversal of the decades-long enrichment of the corporate elite at the expense of working people.
He cited a number of indices of the wholesale looting of society by the corporations and the super-rich, including:
- US billionaires have seen their wealth increase by $1.8 trillion since the beginning of the pandemic.
- Fifty of the largest corporations in the US paid zero taxes in 2020, while collectively taking in over $40 billion in profits.
- The top 1 percent in the US evade an estimated $160 billion in taxes they owe every year.
“This is the moment to deal working people back into the economy. This is the moment to prove to the American people that the government works for them,” Biden declared.
But having made the case for the seizure of the wealth of what he referred to as the “pandemic profiteers,” he hastened to add: “I’m not out to punish anyone. I’m a capitalist. If you can make a million or a billion dollars, that’s great. God bless you. All I’m asking is you pay your fair share.”
Biden made his remarks one day after House Democrats assembled the various parts of the overall budget plan that had been drafted and approved by numerous House committees. The 26,000-page package purports to allocate $3.5 trillion over 10 years for social welfare measures, paid for in part by $2.1 trillion in tax hikes for large corporations and wealthy individuals.
The Senate is in the process of assembling its own version of the budget. What ultimately emerges from the process of internal horse-trading between various factions of the Democratic Party, manipulated by a massive corporate lobbying campaign to block any serious incursions into the profits and the personal fortunes of the ruling oligarchy, will be far more modest than even the timid measures contained in the current House proposal.
The Democrats narrowly control both chambers, and the Republican Party is 100 percent opposed to the administration’s budget plan and pledged to vote against it. In order to circumvent a filibuster in the evenly divided Senate, the Democrats are seeking to pass their budget under the budget reconciliation procedure, which requires only a majority vote in the upper chamber, 50 Democrats and the tie-breaking vote of Vice President Kamala Harris and cannot be filibustered.
That means Biden and the Democratic leadership cannot afford to lose a single Democratic vote. In the House, they cannot lose more than three Democratic votes. As a result, corporate interests are asserting their demands most directly via their bribed mouthpieces within the Democratic congressional caucuses.
In a concession to right-wing members of the House Democratic caucus, House Speaker Nancy Pelosi last month agreed to bring the $1 trillion bipartisan infrastructure bill passed by the Senate up for a vote in the House by September 27, dropping her previous insistence that no action be taken in the House on that bill until the Senate had passed the broader “human infrastructure” budget bill.
The entire process—a combination of back-room deal-making and political posturing—is dominated by the demands of the Democratic Party right wing. West Virginia Senator Joe Manchin, a multimillionaire coal company owner, and Arizona Senator Kyrsten Sinema, whose idol is the late Republican reactionary and war hawk John McCain, have publicly declared their opposition to the $3.5 trillion price tag of the administration’s budget bill.
Manchin has let it be known he is prepared to accept a bill costing around half that amount. He has proposed imposing means testing and work requirements for extended child tax credits, child care and pre-kindergarten subsidies, tuition-free community college and other social measures included in the bill. He is dead set against provisions that promote clean energy and infringe on the fossil fuel industry, from which he has received $400,000 in campaign cash since 2017, making him the industry’s top recipient.
Last week Manchin appeared on several of the Sunday morning television interview programs to push for the House passage of the corporate-backed physical infrastructure bill and argue there was no “urgency” for the social relief and anti-climate change measures in the Biden budget plan.
This was under conditions of the Delta-variant-driven fourth wave of the pandemic, overwhelming hospitals and infecting record numbers of children in reopened schools, the termination of federal unemployment benefits and the moratorium on evictions, threatening millions with homelessness and destitution, and climate change-driven hurricanes and wildfires that have devastated millions from California to the Gulf Coast to New York City.
In the House, three right-wing Democrats on the Energy and Commerce Committee—Reps. Scott Peters (Calif.), Kathleen Rice (N.Y.) and Kurt Schrader (Ore.)—on Tuesday voted against the leadership’s proposal to allow Medicare to negotiate hundreds of prescription drug prices with the pharmaceutical companies, using international prices, generally half of those in the US, as the standard. The Biden administration and Pelosi estimate this would save the government $700 billion, which they propose to use to extend Medicare coverage to include dental, vision and hearing. The three Democratic “no” votes prevented the committee from including the provision in its portion of the overall bill.
According to the Center for Responsive Politics, the top industry contributor to Peters’ campaign war chest in 2021-2022 is pharmaceuticals/health products, which has donated $88,550. His top contributors are Pfizer ($10,800), Eli Lilly ($10,500), Amgen ($7,900) and Gilead Sciences ($7,750).
Schrader’s top industry contributor is oil & gas ($34,000), followed by pharmaceuticals/health products ($24,000).
The second highest industry contributor to Rice’s campaign is insurance.
Biden and the Democratic congressional leadership have bent over backwards to accommodate and placate these forces. On Wednesday, Biden met separately with Manchin and Sinema. White House Chief of Staff Ron Klain said the $3.5 trillion package could be scaled back by cutting back the size of some of the programs or reducing their duration.
The House budget package as it currently stands raises the top individual income tax rate from 37 percent to 39.6 percent (where it was prior to Trump’s 2017 tax windfall for the rich). It increases the corporate tax rate from 21 percent to 26.5 percent, which is lower than Biden’s proposed 28 percent and far lower than the 35 percent rate prior to the 2017 Republican tax bill. It raises the capital gains tax rate from 20 percent to 25 percent—still a far lower rate than for the equivalent wage income and lower than Biden’s initial proposal.
More significant than the minor tax increases on the wealthy that are contained in the House bill is what is omitted. The bill addresses only income, not the wealth hoarded by America’s oligarchs. Income comprises only a negligible portion of the fortunes of the billionaires. Jeff Bezos, the richest man in the world, in 2020 received a salary from Amazon of only $81,840. Their money comes from stocks, bonds, real estate and other assets that are largely untaxed.
The House bill drops a proposal in Biden’s original plan that would close a loophole allowing the wealthy to pass accumulated assets down to their heirs without ever paying taxes on the rise in the value of those assets from the time of their initial purchase. It also leaves in place so-called “carried interest,” the loophole that treats the money taken in by hedge fund managers as a capital gain, rather than normal income, which is taxed at a far higher rate.
The Wall Street Journal gloated over the Democrats’ failure to challenge this notorious gift to hedge fund billionaires, publishing an editorial headlined “Democrats Blink on Carried Interest.”
None of this prevented Biden from giving his full endorsement to the House bill.
The Washington Post cited Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, as saying: “If the [House] Ways and Means plan was enacted as is, Jeff Bezos and Elon Musk would still pay an effective rate of $0 on most of their income if they pass their assets onto their heirs.”
REMEMBER WHEN BRIBES SUCKING LAWYER KAMALA HARRIS SAID OL' JOE'S FINANCES WERE ENTIRELY 'TRANSPARENT'?
This Is How the Left's Power Structure Collapses
Weeks ago, Rush Limbaugh mentioned that the issues defining the election had not come forward yet. He was correct. Not entirely, because all the issues coming out right now have existed. In plain sight.
They just weren't distilled yet.
It's now here, served up on a silver platter. No, not Hunter Biden. This Hunter Biden laptop story simply leads us to the issue. The word. One word that rules them all, and in the darkness binds them.
Corruption.
There it is. That's the issue. To begin, you have the corrupt family Biden. They've been scamming us and our system well for almost fifty years. The man is supposedly worth over 250 million dollars. How is this possible on his salary? It's not. So where did his wealth come from? Not from being a brilliant businessman.
Enter Hunter's laptop. We now know that this is a family steeped in crime and corruption. Ole Corn Pop appears to be awash in money kicked back to him by his family members who have grifted off his reputation for years. Hunter's laptop has betrayed all this and more. Much like Al Capone's bookkeeper. Who would have thought Capone would have been destroyed so completely by a set of crooked books? Such delicious irony. And who would have known that this would become the October surprise of all October surprises?
Corruption. Full grown. Oozing its way into America. It's everywhere on the left. The Biden family. Clintons. The Democratic Party. The FBI. The CIA. The mainstream media. The tech giants. It's a full-out plague, aided and abetted by their demonic philosophy, all of them gone astray.
All of them corrupt.
The New York Post story has been there for about a week now. The Democrat-media complex has ignored it entirely; the tech giants went into overdrive removing all evidence from their platforms. Google. Facebook. Twitter. Instagram. The whole lot of them. Covering up a story that deserved universal distribution and condemnation. Instead, they covered up the most damning story to their side, their chosen side. All of them colluded to bury this mounting evidence of wrongdoing.
How far the mighty have fallen. And are falling.
What's the word for a media establishment that won't report this story?
What's the word for the FBI having this laptop for almost a year, watching dispassionately as the Democrats impeached Trump with hard evidence in their hands of his innocence and the Bidens' guilt?
What's the word for the above group of bad actors colluding to forward the Russia lies for almost three years?
What's the word for Director Wray's involvement?
What's the word for CIA director not releasing documents of the Russia hoax, documents that have been available for a long time?
What's the all-encompassing word that has been revealed at the heart of all these colluding to hide the truth from an America that deserves to know?
Corruption.
This is an issue that won't go away. All the attempts to deep-six the truth here are failing, and miserably at that. It's causing a slow-walk of information to drip out to the American public. First the stories of Ukraine. Drip-drip-drip. Then the stories of drugs. Then the sex problems. Then the Chinese stories. The story of kickbacks to Pop.
It's as if all the smartest people in the world colluded to destroy themselves. By purposefully and unanimously excluding all information concerning this story from the American public. The smartest people in the world actually believe they can be successful in spiking one of the biggest stories to pop up in any American election cycle. Their hubris is so advanced, so viral, so awful, that they can't see what they've done to themselves. They really believe they are going to keep a cork on this.
The derogatory phrase for the establishment has been "the swamp." How bad is this, how deep is this, how criminal is this, how horrifying is it to find out the vast amount of corruption and collusion in so many of our institutions and corporations?
It's staggering. It's infuriating.
These are the most powerful among us. All rich. All corrupt. All once respected by Americans of all stripes. And here, in one fell swoop, they reveal themselves to the average American. As arrogant bullies, as deceitful liars, as evil as anything we've seen in our generation. They have revealed themselves as the cabal of darkness. Terrible motives, terrible actions, virtually unforgiveable in what they have done, and yet failed to finish. And due to the hubris of the cabal, the exposé will be slow-walked until the election.
Today, Trump had an exchange with reporters, where he said, "Biden was a criminal."
This shocked the corrupt media. Reverberations rocked the corrupto-sphere. The lion had roared. There is no way the corrupto-sphere keeps this lid on. There is also no way all these corrupt actors go back on their solemn pledge to one another. They are bound together. They're stuck with each other. And it will overwhelm them.
As this careens into the debate, as this careens into voting, as this careens into Election Day, the ultimate narrative will be set. The doomsday clock will start. All the corrupt actors will be pointed out. All of them will rue the day they couldn't get rid of Donald Trump. He, above most anyone, knows just how corrupt these people are. He above anyone knows how to handle them. He, above all, knows what's all coming out in the next weeks.
It's going to be an avalanche of material. It's going to be a number of fires even Google, Facebook, Twitter, Instagram, the DNC, the Bidens, the media, the corrupt government officials, the whole shooting match, will not be able to handle. If they all overtly held emergency meetings with each other, they'd never stop the flood. When Trump roared, you know he had one of his famous moments, that moment when he knows how and when to bring this to a head. Trump the narrative-builder, Trump the destroyer will be unleashing hell on these people.
Anyone who has seen him operate knows. This is his time. This is how the beginning of the end of the swamp, or should I say the sewer, begins. This is the kind of chaos these smartest people in the world, ever, haven't seen before. Algorithms will not help them. Censorship will not help them. It will be a rushing mighty wind, coming to destroy all those who didn't understand that their corruption could be turned on them.
This is going to be epic. Corruption will be their end; it's just a matter of time. And Trump will have four years to finish their corruption.
‘10% Joe’ – From Grandfather to Godfather
By David Isaac
We thought Joe Biden was the grandfather. It turns out he’s more like the godfather.
It’s the big reveal in the Hunter Biden story.
Until now, we thought Hunter, the “f—ked up addict that can’t be trusted” (in his own words) who sent not one but three laptops full of incriminating material in for repairs – an act so stupid that even crack can’t be blamed – was the one taking advantage of his father’s position to enrich himself.
(Compounding the idiocy, despite repeated notifications, he failed to pay the $85 bill to reclaim the one salvageable laptop, so that after 90 days it became the legal property of the repair shop.)
What we learn from the laptop is that Joe (referred to as “the big guy”) was to get a 10% cut of the loot from a deal with a now defunct Chinese energy company with strong ties to the Chinese government (the email outlines an equity split including “20 for H” and “10 held by H for the big guy.” That makes “10% Joe” analogous to the Godfather, the capo dei capi, the boss due his share of the family’s enterprises.
So Biden is getting “his beak wet,” as former NYC Mayor and current Trump advisor Rudy Giuliani points out in a damning video describing the “Biden crime family’s payoff scheme.”
There’s more. Hunter tells his daughter Naomi in a 2018 text-message exchange: “I hope you all can do what I did, and pay for everything for this entire family for 30 years and it has been tough. It’s really hard but don’t worry, unlike Pop, I won’t make you give me half your salary.”
It would take some real mental gymnastics to convince any normal person – that is, anyone not marinating in Democratic talking points - that “Pop” wasn’t referring to Joe Biden.
Did Biden really get half? It sounds more like Hunter is complaining that he had to give his dad anything.
The amount really doesn’t matter. It puts paid to Joe’s claims that “I have never spoken to my son about his overseas business dealings.” It should lead to a federal investigation, starting with subpoenas to Hunter’s banks.
Other emails are equally damning when it comes to Joe’s claims to know nothing of his son’s business affairs. There’s the email from Burisma board adviser Vadym Pozharskyi thanking Hunter for setting up a meeting with then Vice President Biden.
“Dear Hunter, thank you for inviting me to DC and giving an opportunity to meet your father and spent [sic] some time together. It’s realty [sic] an honor and pleasure,” the email reads.
Up to now the worst that was usually said of Biden is that he wasn’t up to the job. He was a kindly grandfather who was cognitively slipping. To Trump opponents, it didn’t matter. What was important was that Biden would return the country to “normalcy.” Peggy Noonan wrote in an op-ed for the Wall Street Journal (Oct. 8):
“If Joe Biden wins big, part of the reason, maybe a big part, will be simply that he is normal. Not ‘he’s such an accomplished legislator,’ not ‘he’s the man of the future’ or ‘charismatic’ or ‘warm’ or ‘has such a moving back story.’ No. He is normal. And people miss normal so much.”
BLOG EDITOR: SENATOR DIANNE FEINSTEIN AND HILLARY CLINTON HAS MADE VAST WEALTH SERVICING FOREIGN COUNTRIES.
A family business raking in millions for access to U.S. policy makers is “normal”?
Still less excusable than Noonan’s silly remarks are those of U.S. Adm. (ret.) William McRaven, who extols Biden in the Wall Street Journal (Oct. 20), well after the scandal broke: “We need a leader of integrity whose decency and sense of respect reflects the values we expect from our president.”
We hope McRaven was a better admiral than he is a judge of character.
And the response of mainstream media to the Post’s revelations?
In what may be the most blatant example of media censorship in U.S. history, the story has been buried by Big Tech and blackballed/denied by the media giants.
Facebook and Twitter, in the tank for Biden, both blocked the link to the Post story. Twitter blocked the Trump campaign’s official account and also that of White House press secretary Kayleigh McEnany. The major news outlets have rushed in unison to label the Post scoop “Russian disinformation.” Their response was so monolithic that John Ratcliffe, the Director of National Intelligence felt impelled to intervene, assuring there was “no intelligence that supports that.”
The hard drive is full of pictures of the Biden family, Hunter (sometimes in compromising positions) and over 11,000 emails, most of them harmless. And why, as Giuliani points out, did Hunter Biden’s lawyers repeatedly demand his computer be returned (once they realized the disaster that was brewing)? Seems like a strange approach if you think it’s all Russian disinformation, and not Hunter’s computer at all.
David Isaac is managing editor of World Israel News.
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