Thursday, March 9, 2023

'CREDIT CARD' JOE BIDEN CLAIMS HE WANTS TAX HIKES ON THE RICH AND WALL STREET'S BIGGEST TAX CHEATS - BECAUSE HE KNOWS THE GOP WILL NEVER LET IT HAPPEN

 

His services to the corporate elite continued through his tenure as vice president in the Obama administration, when he oversaw both the bailout of Wall Street and the bankruptcy restructuring of the auto industry, in which wages for new workers were cut in half.

 

JOE BIDEN TO HIS BANKSTERS:

It was to his supporters in the financial aristocracy, at an exclusive fundraiser last year in Manhattan, that Biden made his notorious pledge—the most truthful declaration of his entire campaign—that if he were elected president, “No one’s standard of living would change. Nothing would fundamentally change.”

 

The difference between the campaigns is accounted for primarily by big dollar contributions, with Biden raising far more than Trump. As the New York Times admitted in an article posted on its website Wednesday, “the elite world of billionaires and multimillionaires has remained a critical cog in the Biden money machine.”

 

Biden ‘Value Statement’ Budget Seeks Big Tax Hikes, Spending Increases, And Mounting Debt

US President Joe Biden gestures as he speaks at the Democratic National Committee (DNC) Winter meeting in Philadelphia, Pennsylvania, on February 3, 2023.
AFP
6:37

President Joe Biden on Thursday is expected to use his budget proposal to score political points with his base rather than seriously engage in negotiations with Republicans about government finances as the U.S. nears the legal limit on borrowing.

House Republicans have called for significant cuts to federal spending in exchange for lifting or suspending the debt ceiling. Senator Joe Manchin, the Democratic Senator from West Virginia, has criticized his party for refusing to cooperate with Republicans on “reasonable and responsible” budget cuts.

Biden’s package of tax hikes and spending increases is unlikely to pass either the Republican-controlled House or the Democrat-controlled Senate—something the White House is well aware of. Instead, it is meant to signal Democrat priorities.

“We see this as a value statement,” White House press secretary Karine Jean-Pierre said Wednesday.

Biden’s budget will include a 5.2 percent raise for federal workers, according to reports.

The Associated Press reports:

Biden will unveil his spending plan in the battleground state of Pennsylvania, staking out what he believes is popular terrain that will make it hard for Republicans to criticize without risking blowback. Biden wants to impose tax hikes on the wealthy to limit federal borrowing, including a reversal of the 2017 tax cuts made by then President Donald Trump on people earning above $400,000. The added revenues would help to improve Medicare, the government health insurance program for adults over 65.

In the run-up to the plan’s release, Biden has floated a new tax on incomes above $100 million that would target billionaires. He’s called for lower prescription drug prices. The tax that companies pay on stock buybacks would be quadrupled, and those earning above $400,000 would pay an additional Medicare tax that would help to keep the program solvent beyond the year 2050.

Biden’s budget would seek to close the “carried interest” loophole that allows wealthy hedge fund managers and others to pay their taxes at a lower rate, and prevent billionaires from being able to set aside large amounts of their holdings in tax-favored retirement accounts, according to an administration official. The plan also projects saving $24 billion over 10 years by removing a tax subsidy for cryptocurrency transactions.

The official who provided the budget details spoke on condition of anonymity to preview the plan before its official release.

Biden’s budget plan also would:

— Expand the ability of Medicare to negotiate on pharmaceutical drug prices, saving an estimated $160 billion over a decade.

— Auction off rights to the radio spectrum, generating $50 billion.

— Take new steps to reduce identity theft and unemployment insurance fraud.

— Target insurance companies that overcharge Medicaid, with anticipated savings of $20 billion through repayments to the government.

— End subsidies valued at $31 billion for oil and gas companies.

— Scrap a $19 billion tax break for real estate investors.

House Speaker Kevin McCarthy, R-Calif., has called for putting the U.S. government on a path toward a balanced budget. But by refusing to raise taxes or cut Social Security and Medicare spending, GOP lawmakers face some harsh math that makes it hard to slash deficits without risking a voter backlash ahead of a presidential election.

McCarthy told The Associated Press that his plan’s release has been pushed back because Biden’s proposal is only just being issued.

Senate Majority Leader Chuck Schumer, D-N.Y., expressed skepticism in a Monday speech that McCarthy has any coherent plan that House Republicans can coalesce around.

“Enough with the dodging, enough with the excuses,” Schumer said. “Show us your plan. And then show us how it’s going to get 218 votes on your side of the aisle.”

Biden’s deficit reduction goal is significantly higher than the $2 trillion that he had promised in his State of the Union address last month.

It’s a delicate time, with the U.S. economy already in a fragile state because of high inflation. If Biden and Congress fail to increase the statutory debt cap of $31.4 trillion by this summer, the government could default on payments and shove the U.S. economy into a recession.

Rohit Kumar, a former McConnell aide who is now an executive with the tax consultancy PwC, said Biden’s plan does matter “in terms of putting ideas out there.” He said that if Biden won a second term, elements of his spending blueprint could be part of negotiations in 2025 over the expiring provisions in the 2017 tax cuts that President Donald Trump signed into law.

Given the scope of the deficit reduction in Biden’s proposal, Kumar said, it is unlikely that the president’s plan would identify which parts of the expiring tax cuts he plans to keep, as the president has vowed no tax increases on anyone making less than $400,000. But while the White House has charged that Republican plans would increase deficits by $3 trillion, about $2.7 trillion of that total comes from renewing all the Trump-era tax cuts that disproportionately favored the wealthy.

Biden’s budget proposal would reverse some of the 2017 law. It would increase the top marginal tax rate to 39.6% on income above $400,000. For households with $1 million in income, earnings from capital gains—such as stocks or property sales—would no longer enjoy a discounted tax rate compared to wages.

The president would increase the corporate tax rate to 28% and increase the tax rate on U.S. multinationals’ foreign earnings from 10.5% to 21%.

In February, the nonpartisan Congressional Budget Office estimated that the national debt held by the public will grow by more than $20 trillion over the next decade. The publicly held debt — it reflects the cumulative impact of yearly deficits — would be equal to 118 percent of U.S. gross domestic product, up from 98 percent this year.

Biden’s budget is expected to include claims that it would reduce the debt from those levels, although debt would still be far higher than it is today and would be elevated by historical norms.


Live Updates: Biden’s $6.8 Trillion Budget Doubles Down on the Power of Government

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

ImageThe U.S. Capitol in Washington on Tuesday morning.
Credit...Kenny Holston/The New York Times

Pinned

Here’s what to know about President Biden’s budget plan.

President Biden proposed the third budget of his presidency and his first to a divided Congress on Thursday. The $6.8 trillion budget plan seeks to increase spending on the military and a wide range of new social programs while also reducing future budget deficits.

While Republican control of the House ensures the full blueprint has no chance of becoming law, it sets the stakes for a bigger fight over raising the federal debt limit and the nation’s fiscal trajectory.

Here’s what to know:

  • The budget contains some $5 trillion in proposed tax increases on high earners and corporations over the course of a decade, mostly to offset new spending programs intended to help middle class and the poor. Mr. Biden’s plan also aims to reduce budget deficits by nearly $3 trillion over that time, compared with the nation’s current path.

  • Mr. Biden’s proposal is the opening salvo in the battle over the debt ceiling, or the amount the Treasury is allowed to borrow to pay bills the government already incurred. The government has technically run out of money — the Treasury is delaying a default with accounting maneuvers, but those options will run out within months. Congress has to raise or suspend the limit to avoid a default, but Republicans want to cut future spending before agreeing to do so.

  • The president’s full proposal has no chance of becoming reality, but its presentation is the beginning of a long and convoluted process in Congress to set a budget for the federal government and then fund it. Here is a step-by-step overview of the process, and why it will be so fraught.

  • Mr. Biden will deliver remarks at 2:30 p.m. in Philadelphia, where he will outline policies he is expected to campaign on if he decides to run for re-election.


Corporate America puts its money on Biden and the Democrats

The final financial reports before the election were filed by candidates for Congress and the White House by Oct. 15 with the Federal Election Commission (FEC), detailing fundraising and spending in the third quarter, July 1 through Sept. 30. These reports are limited to the funds raised directly by the campaigns themselves, and exclude fundraising through supporting PACs (political action committees) usually funded by billionaires. Nonetheless, the FEC data provides some eye-opening insights into the political calculations of the American ruling elite, where there is increasing expectation of a Democratic victory on Nov. 3.

Two preliminary observations can be made. First, large sections of big business favor a shift from Trump to Biden, partly because of differences on foreign and domestic policy, partly because they regard a second Trump term as more likely to provoke an uncontrollable social and political explosion in America. Second, the corporate elite now views Biden and the Democrats as the favorites to win the election, and campaign contributions are a form of political insurance, giving the donors a “seat at the table” when a future Biden administration is staffed and determines its policy priorities.

The Democrats hold a decided edge in fundraising in each of the major sectors of the 2020 political battlefield. In the presidential campaign, Trump’s early dominance is a distant memory. Biden has outraised him beginning in May, and his lead has grown with each passing month.

 

Democratic presidential candidate former Vice President Joe Biden peeks out of the roof of an SUV as he leaves a fundraiser on Wednesday, Sept. 25, 2019, in Manhattan Beach, Calif. (AP Photo/Marcio Jose Sanchez)

According to the Center for Responsive Politics, the Biden campaign has raised $810 million and supporting organizations have raised $373 million, for a total of $1.183 billion. The Trump campaign has raised $552 million, supplemented by $256 million from outside groups, for a combined total of $808 million.

In the Senate, the Democrats have outraised Republicans by a margin of more than 50 percent, $767 million to $500 million, despite the Republicans holding 23 of the 35 seats being contested on Nov. 3. In the 435 House contests, the Democrats hold a slightly narrower lead, $772 million to $653 million. Both figures represent a sharp departure from recent congressional elections, at least until 2018, in which the Republican Party has generally enjoyed a huge financial edge.

The presidential fundraising figures represent sharp increases from 2016, when Democrat Hillary Clinton raised a combined total of $770 million while Trump raised $433 million. By Oct. 1, the Biden and Trump campaigns had already spent three times the amount expended at a similar point in 2016, a reflection both of the massively increased fundraising and the need to reach early and mail-in voters.

The Democratic Party and the corporate media have generally attributed the Biden campaign’s financial edge to a surge of small-dollar contributions. There certainly has been such a surge, at least compared to the early stages of the Biden campaign for the Democratic nomination, when small-dollar internet contributions went overwhelmingly to Bernie Sanders and Elizabeth Warren. At that point Biden was sustained by a relative handful of wealthy backers.

But according to a recent tabulation by the Center for Responsive Politics, which maintains the Open Secrets database of campaign finance information, Trump and Biden have raised roughly equal amounts in contributions of $200 or less, between $200 million and $250 million apiece, mainly over the internet.

The difference between the campaigns is accounted for primarily by big dollar contributions, with Biden raising far more than Trump. As the New York Times admitted in an article posted on its website Wednesday, “the elite world of billionaires and multimillionaires has remained a critical cog in the Biden money machine.”

The Times continued:

From Hollywood to Silicon Valley to Wall Street, Mr. Biden’s campaign has aggressively courted the megadonor class. It has raised almost $200 million from donors who gave at least $100,000 to his joint operations with the Democratic Party in the last six months—about twice as much as President Trump raised from six-figure donors in that time, according to an analysis of new federal records.

Million-dollar donors came from Hollywood (Jeffrey Katzenberg), Silicon Valley (Reed Hastings of Netflix and many others), and high finance. “Top executives with investment, private equity and venture capital firms like Blackstone, Bain Capital, Kleiner Perkins and Warburg Pincus all contributed handsomely,” the Times noted.

While Biden has lately attempted to sound a populist note, claiming that he represents Scranton (his birthplace, a decaying industrial city in northeastern Pennsylvania), while Trump represents the moneyed elite of “Park Avenue,” it turns out that “Scranton” has a different meaning to his campaign finance operation. Any affluent donor who solicits a total of $250,000 in contributions is considered a member of the “Scranton Circle” of elite donors, with special access to top advisers of the candidate. There is also a “Philly Founder” level for those generating $500,000 in contributions and a “Delaware Circle” for those accounting for $1 million or more.

Entering the month of October, the Biden campaign had $180.6 million in cash on hand, while the Trump campaign reported only $63.1 million, one-third of the Democrat’s total. This disparity was despite the Biden campaign’s outspending Trump’s by two to one during the month of September. After raising a record-shattering $365 million in August, the Biden campaign raised an even larger amount, $383 million, the following month.

Trump has not lacked for megadonor support, including $75 million from casino billionaire Sheldon Adelson, $21 million from Isaac Perlmutter, chairman of Marvel Entertainment, and $10 million from banking heir Timothy Mellon.

But these sums are dwarfed by the $100 million for Biden from billionaire Michael Bloomberg, who briefly sought the Democratic presidential nomination for himself—and spent $1.1 billion in that effort—and another $106 million from the Future Forward PAC, based in Silicon Valley, whose funding includes $22 million from Facebook co-founder Dustin Moskovitz, $6 million from Jeff Lawson of Twilio, $5 million from crypto-currency trader Sam Bankman-Fried and $2.5 million from Eric Schmidt, former CEO of Google.

Such figures make nonsense of the fascistic rhetoric of Trump, who continually denounces Biden as the tool of socialists, communists and the “radical Left.” Actually, Biden is a tried and tested tool of Wall Street and corporate America, dating back to his days as a senator from Delaware, a center of tax evasion. The tiny state has more corporations headquartered there for tax purposes, over one million, than human beings.

His services to the corporate elite continued through his tenure as vice president in the Obama administration, when he oversaw both the bailout of Wall Street and the bankruptcy restructuring of the auto industry, in which wages for new workers were cut in half.

It was to his supporters in the financial aristocracy, at an exclusive fundraiser last year in Manhattan, that Biden made his notorious pledge—the most truthful declaration of his entire campaign—that if he were elected president, “No one’s standard of living would change. Nothing would fundamentally change.”

The financial constraints on the Trump campaign are unmistakable. In the final week of September and the first week of October, for example, it stopped advertising in four “battleground” states—Iowa, Ohio, Texas and New Hampshire. One advertising industry tally had Biden topping Trump in campaign spending in 72 out of 83 media markets where both campaigns were still competing.

The disparity between the Biden and Trump campaigns has been exacerbated by the timing of their expenditures. Trump spent lavishly in the early months of 2020, even before the Democratic nominee had been determined, and has raised less overall. The result is a cash crunch in the final weeks of the campaign.

Biden began the month of August with a three-to-one advantage in terms of financial resources and has outspent Trump in three critical battleground states—Michigan, Pennsylvania and Wisconsin—by that margin, $53 million to $17 million. According to figures reported in advertising trade publications, Biden has a 5–1 advantage in the Milwaukee, Wisconsin, market, and more than a 2–1 advantage in Detroit and Philadelphia.

In Omaha, Nebraska, where a single electoral vote is at stake in the Second Congressional District, Biden has spent $2 million on advertising, six times the Trump total.

With Democratic presidential candidate Joe Biden holding an apparently comfortable lead over Trump in the polls, much of the media attention has shifted to the question of which party will be in control of the Senate after November 3. The Republicans currently have a three-seat majority, 53-47, so the Democrats must gain a net of three seats if Biden wins, as a Vice President Kamala Harris would then have the tie-breaking vote in the Senate. The Democrats must gain four seats if Biden loses, but that combination is highly unlikely, since a Biden defeat would signify a broader Democratic debacle.

Democratic presidential candidate former Vice President Joe Biden peeks out of the roof of an SUV as he leaves a fundraiser on Wednesday, Sept. 25, 2019, in Manhattan Beach, Calif. (AP Photo/Marcio Jose Sanchez)

In the Senate, the Democrats have outraised Republicans by a margin of more than 50 percent, $767 million to $500 million, despite the Republicans holding 23 of the 35 seats being contested November 3. In the 16 seats considered competitive (two held by Democrats, 14 by Republicans), the Democratic lead is $643 million to $415 million. The average Democrat has a $40 million war chest, while the Republican, usually an incumbent, averages $26 million.

More so than Biden, the Senate candidates have benefited from a flood of small-dollar donations over the internet, which expresses, in a distorted way, the popular hatred of the right-wing policies of Trump and the Republicans. But corporate and billionaire cash also plays a significant role. Both small-dollar and large-dollar donations have fueled a record-breaking third quarter of fundraising for the Democrats, with many challengers doubling or tripling the amount raised by the Republican incumbents.

Ordinarily, incumbent senators have a huge fundraising advantage over their challengers, and this applies particularly to Republican incumbents, who usually have closer ties to wealthy donors. But in 2020 this is not the case, and the disparities are remarkable. There are at least eight Democratic challengers who have outraised their Republican opponents. Three of these Democrats have raked in more than $80 million apiece, an astonishing total for an election in a single state.

Democrat Jaime Harrison reported raising $86.9 million in South Carolina, compared to $59.4 million for three-term Senator Lindsey Graham. The combined total of $146.4 million in a relatively small state, where only 2 million people voted in 2016, means an expenditure of better than $70 a vote.

In an even smaller state, Kentucky, Democrat Amy McGrath has raised $84.2 million for her uphill contest against Senate Majority Leader Mitch McConnell, who has raised $53.4 million. In Arizona, Democratic challenger Mark Kelly has raised $82.8 million and leads in the polls against the incumbent Republican, appointed Senator Martha McSally, who has raised $50.9 million.

Several other Democratic challengers, while raising smaller total amounts, have a much larger percentage edge over Republican incumbents. In Iowa, businesswoman Theresa Greenfield has raised $40.4 million against the $21.8 million raised by first-term incumbent Joni Ernst. In North Carolina, former Army paratrooper Cal Cunningham has raised $43.4 million for his race against first-term incumbent Thom Tillis, who has raised $20.9 million. In Maine, Sara Gideon, the Democratic leader of the state legislature, has raised $63.6 million for her campaign against three-term incumbent Susan Collins, who has raised less than half that sum, $25.2 million.

In Colorado, opinion polls suggest that the contest is a runaway, and political action committees supporting the Democratic candidate, former Governor John Hickenlooper, have pulled out, regarding his victory over first-term Republican Senator Cory Gardner as a certainty. Hickenlooper has outraised the incumbent by $36.7 million to $25 million. And in Montana, Governor Steve Bullock has raised $38.1 million for his challenge to first-term incumbent Steve Daines, who has raised $24.5 million. In Alaska, millionaire orthopedic surgeon Al Gross leads incumbent Republican Dan Sullivan, $13.9 million to $9.3 million.

The most lopsided financial disparity is in Kansas, where no Democrat has been elected to the US Senate in a century, but polls show a close race between former Republican state senator Barbara Bollier, who switched to the Democrats only two years ago, and Republican Congressman Roger Marshall, to fill the vacancy created by the retirement of Republican Senator Pat Roberts. Bollier has raised $20.7 million, nearly four times the $5.5 million raised by Marshall.

Georgia has both Senate seats at stake, because of the resignation of Senator Johnny Isakson for health reasons. The Democrats, Raphael Warnock and Jon Ossoff, have raised $46 million between them, while the two Republican incumbents, Kelly Loeffler and David Perdue, both multi-millionaires, have raised $45.2 million.

In only one state is there a seeming Republican financial advantage in a contested race. Senator John Cornyn of Texas has the edge over his Democratic challenger, Mary Jennings Hegar, and that is not an overwhelming one, $29.6 million to $20.6 million. And even this apparent advantage is illusory. The Silicon Valley-based political action committee Future Fund is pouring $28 million into the Texas race to support the Democratic candidate, more money than Hegar has raised herself. This advertising blitz will benefit not only Hegar, but also a group of Democratic candidates for the House of Representatives and a Democratic effort to gain control of the lower house of the Texas state legislature.

Of the two Democrat seats in the Senate which are at greatest risk on November 3, one confirms and one represents an exception to this pattern. In Alabama, incumbent Democrat Doug Jones has outraised his Republican challenger, former football coach Tommy Tuberville, by $24.9 million to $7.5 million, but he is nonetheless considered a distinct underdog in the conservative state. In Michigan, Senator Gary Peters is a slight favorite over Republican challenger John James, a former paratrooper, and he holds only a narrow fundraising lead, $35.7 million to $33.9 million. Only three incumbent Republican senators have raised more money than James, who is being promoted by the Senate Republican leadership and Trump as an African American face to disguise their reactionary politics.

Finally, there is the not-insignificant question of what corporate America is buying through this flood of cash into the coffers of the Democratic Senate candidates. The beneficiaries of this corporate largesse are a collection of political reactionaries deeply committed to the defense of American imperialism abroad and big business at home. They differ only at the margins with their right-wing Republican opponents.

Of the candidates already listed, four have military-intelligence backgrounds as their principal credential: Mark Kelly is a career military pilot and former astronaut; Amy McGrath a retired Marine fighter-pilot; Mary Jennings Hegar flew helicopters for the US military in Afghanistan; Cal Cunningham was an Army Ranger, and still teaches new Rangers every year as a reserve officer. These four are the Senate equivalents of the CIA Democrats who played such a prominent role in the Democratic takeover of the House of Representatives in 2018.

Other top Senate Democratic challengers include South Carolina’s Jaime Harrison, a longtime corporate lobbyist; Theresa Greenfield in Iowa, a millionaire businesswoman; Al Gross in Alaska, a millionaire surgeon whose father was state attorney general; Montana Governor Steve Bullock and former Colorado Governor John Hickenlooper, both failed presidential candidates who ran in the right-wing “lane” that produced Biden instead; and Barbara Bollier, who was a Republican state senator in Kansas until switching parties in 2018.

In the House of Representatives, now firmly controlled by the Democrats, 232-197, with five vacancies and a Libertarian, the Democrats are expected to increase their numbers, although by less than the 41 seats they gained in 2018. Republican hopes of retaking control, which would require a net gain of 21 seats, have virtually collapsed, as nearly all the first-term Democrats who won Republican-held seats in 2018 are considered likely victors this year.

The Democrats hold a smaller edge in fundraising for the House of Representatives than in the Senate, having raised $772 million through September 30 according to FEC filings for the 435 seats, compared to $653 million for Republican candidates.

The overall total is less significant, however, because the vast majority of House seats are in districts whose boundaries ensure the victory of one party regardless of how much money the other party spends. Republicans will spend $7 million, for example, in support of businesswoman Kim Klacik against Democrat Kweisi Mfume, in the Baltimore district held by the late Elijah Cummings, and $9.4 million to back millionaire investor Lacy Johnson against Democrat Ilhan Omar in Minneapolis. Both Mfume and Omar will win reelection easily despite being heavily outspent.

The more important figure is how much is raised in more closely contested races, fewer than 100 of the 435 seats in the House. In these contests, there are 85 Democrats who have raised more than $3 million, compared to only 50 Republicans. This includes a number of challengers for Republican seats, including Wendy Davis and Gina Ortiz Jones in the 21st and 23rd congressional districts of Texas, with $7.2 million and $5.9 million respectively, and Nancy Goroff and Tedra Cobb in New York’s Second and 21st congressional districts, with $5.1 million and $5.5 million respectively.

In 41 congressional districts where first-term Democrats are defending seats captured from Republicans in 2018, the fundraising is lopsided in favor of the Democrats: $216.5 million to $98.2 million. Only two of the 41 Democrats have less campaign cash than their Republican challenger.

An especially financially advantaged subset is the group of 11 new Democratic representatives with military-intelligence backgrounds, whom the WSWS identified in 2018 as the CIA Democrats. In their 11 reelection contests, the CIA Democrats have raised $62.5 million. Their 11 Republican opponents have raised only $21.4 million.

All 11 CIA Democrats are favored to win reelection, and they will be joined by at least one military-intelligence candidate who won his primary in the heavily Democratic Fourth Congressional District in Massachusetts, and is a prohibitive favorite, Jake Auchincloss. Several more such candidates are likely to win on November 3: Jackie Gordon in the Second Congressional District of New York; Dan Feehan in the First Congressional District of Minnesota; Sri Preston Kulkarni in the 22nd Congressional District of Texas; and Gina Ortiz Jones in the 23rd Congressional District of Texas.

The result of the election is likely to be a greatly strengthened group of CIA Democrats, including Seth Moulton of Massachusetts, first elected in 2014 and the founder of the VoteVets political action committee that has been responsible for recruiting and funding many of the military-intelligence candidates in the last two elections. Together with the 11 elected in 2018 and another half dozen or so in 2020, this would make a “caucus” of nearly 20, enough to exercise considerable influence in the new Congress and in a future Biden administration.

 

REMEMBER WHEN BRIBES SUCKING LAWYER KAMALA HARRIS SAID OL' JOE'S FINANCES WERE ENTIRELY 'TRANSPARENT'?

This Is How the Left's Power Structure Collapses

By David Prentice

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.

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