“Of course, one of the main reasons the nation is now “divided, resentful and angry” is because race-baiting, Islamist, class warrior Barack Hussein Obama was president for eight long years." MATTHEW VADUM
*
"But the Obamas are the center of the most delusional cult of personality that the media has yet spawned. And so we get bizarre pieces like these." MONICA SHOWALTER
*
"Along with Obama, Pelosi and Schumer are responsible for incalculable damage done to this country over the eight years of that administration." PATRICIA McCARTHY
JOE BIDEN DOES NOT WANT YOU TO
KNOW THIS!
THE SECRET LIFE OF A BANKSTERS’
RENT BOY.
http://mexicanoccupation.blogspot.com/2018/03/obamas-marxism-still-hankering-for.html
CRONY CAPITALISM
Barack Obama created more debt for
the middle class than any president in US history, and also had the only huge
QE programs: $4.2 Trillion.
OXFAM reported that during
Obama’s terms, 95% of the wealth created went to the
top 1% of the world’s wealthy.
THE WALL STREET BOUGHT AND OWNED DEMOCRAT PARTY
SERVING BANKSTERS, BILLIONAIRES and INVADING ILLEGALS
THE CRONY CLASS:
Income inequality grows FOUR TIMES FASTER under
Obama 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.”
INCOME PLUMMETS UNDER OBAMA AND HIS WALL
STREET CRONIES (THERE'S A REASON WHY GEORGE S
OROS RUNS OBAMA'S BID FOR A THIRD TERM FOR
LIFE).
STREET CRONIES (THERE'S A REASON WHY GEORGE S
OROS RUNS OBAMA'S BID FOR A THIRD TERM FOR
LIFE).
Family Clears Joe Biden to
Run for President in 2020
Run for President in 2020
https://www.breitbart.com/politics/2019/02/27/joe-biden-family-president-donald-trump-2020-10181148/
2:53
Former Vice President Joe Biden said Tuesday his family voted in support of another run for president in 2020.
“From being pushed, prodded by my son Hunter, and my wife Jill, and my daughter, we just had a family meeting with all the grandkids too, and there is a consensus that they, the most important people in my life, want me to run,” Biden said.
Biden discussed a possible run for president during a four-hour conversation with historian Jon Meacham on Wednesday. He said that his children and grandchildren were not “naive” about facing public campaign scrutiny.
“The first hurdle for me was deciding whether or not I am comfortable taking the family through what would be a very, very difficult campaign,” Biden said.
Hunter Biden went through a nasty divorce in 2017 with his wife, was discharged from the Navy after testing positive for cocaine, and had an affair with his late brother Beau’s widow.
In 2017, Biden’s niece pled guilty in 2017 to a $110,000 credit-account theft at a New York City drugstore and was charged in 2013 for striking a New York City Police officer.
Biden said that the Democratic primary would be difficult as well as a general election campaign against President Donald Trump.
“I don’t think that he’s likely to stop at anything, whoever he runs against,” Biden said of Trump.
Biden said he was also making sure he was prepared to win before deciding to run for president. The 76-year-old former vice president unsuccessfully ran for president in 1987 and 2007 before running with Senator Barack Obama in 2008.
“I don’t want this to be a fool’s errand, and I want to make sure that if we do this, and we’re very close to making a decision, that I am fully prepared to do it,” he said.
He admitted that running for president had changed since he and former President Barack Obama ran for president as a result of social media.
“The whole issue of social media and the use of social media has fundamentally changed,” Biden said.
He said that he was currently hosting meetings about whether he could fund a campaign realistically.
“I will not be part of a Super PAC,” Biden said as the crowd applauded.
He said he was also searching whether there was a diverse staff available that he could hire including black, Latino, female, and Asian professionals.
Biden then referenced current polls showing him leading the Democratic primary.
“We’re also taking a hard look at whether or not this alleged appeal that I have, how deep does it run? Is it real?” he said.
Biden indicated that he was nearly ready to announce a decision.
“I have not made the final decision, but don’t be surprised,” he said.
Socialism and the case for expropriation
“Socialism is back in fashion,” declares the cover story of this week’s Economist, the British weekly newspaper founded 176 years ago. Despite proclamations of the “end of history” following the dissolution of the Soviet Union, the newspaper roots the “remarkable” growth of popular support for socialism in decades of growing social inequality.
“Socialism is storming back because it has formed an incisive critique of what has gone wrong in Western societies,” the magazine writes, adding, “inequality in the West has indeed soared over the past 40 years.” The growth of socialist sentiment is accompanied by a global strike movement by the working class, in which the number of people who went on strike in the US last year grew 20-fold compared to 2017.
The same week as the Economist published its warning about growing popular support for socialism, a series of events have made clear the vast and entrenched power of the most predatory sections of the financial oligarchy in the United States, which is intent on intensifying an ongoing and massive upward redistribution of wealth.
About-face by the Fed
Speaking before the Senate Banking Committee Tuesday, Federal Reserve Chair Jerome Powell reiterated the decision by the Fed to stop raising interest rates following a mild market sell-off.
While at the beginning of this year the Fed had planned three interest rate increases, now it envisions none. In fact, “the next policy adjustment is increasingly likely to be a rate cut,” Lindsey Piegza, the chief economist for Stifel Fixed Income, told CNN.
As a result, the Dow Jones Industrial Average has soared over 1,500 points. At the current pace, it is set to smash through record highs set late last year, within a matter of weeks. Jeff Bezos is $20 billion richer, and Bill Gates is $11 billion richer.
In other words, the Federal Reserve was compelled to scrap plans it was working on for years to build up ammunition to respond to the next financial crisis, after a drop of just ten percent in the stock market.
A green light for monopoly
Within hours of Powell’s testimony, a federal appeals court rejected the Justice Department’s challenge to the merger of AT&T and Time Warner in one of the largest corporate consolidations in US history. The Justice Department, for its part, said it would not challenge the ruling, effectively clearing the way for the merger.
The deal creates a massive vertical monopoly, with the company that controls one third of all mobile phone traffic, and one sixth of broadband internet, also now controlling HBO, Warner Bros. and CNN.
In addition to fueling a wave of anticompetitive behavior, including actions newly legalized with the ending of net neutrality, the new ruling can be expected to jack up consumer prices on not just internet and phone service, but on digital content distribution, with the profits passed on to billionaire investors.
Soaring share buybacks
Share buybacks are already on track to eclipse the record $1 trillion in buyback activity set last year. CNN reported that buybacks by corporate clients of Bank of America Merrill Lynch are up by a staggering 91 percent this year, putting the United States “on pace for another record year,” as corporations divert ever-greater sums away from productive investment and into pumping up their own stock prices.
All these factors have created what economist Gabriel Zucman called a return “to Gilded Age levels” of inequality. Commenting on a research paper he published earlier this year, Zucman recently wrote, “What the data show is that wealth concentration in the United States has returned to the level of 1920. Forty percent of total household wealth belongs to the top 1 percent. About 20 percent belongs to the top 0.1 percent, which is about the same as the bottom 90 percent’s wealth share.”
It is the reality of capitalism that is fueling the growth of the class struggle and a resurgence of interest in socialism. The ruling class is terrified of the implications and is preparing its response.
Already, this backlash has taken the form of the Trump administration’s declaration of a war on socialism, with the fascistic president’s proclamation that “The twilight hour of socialism has arrived in our hemisphere.” Trump is speaking not for himself, but for the most predatory layers of the capitalist system, which see in growing popular support for socialism the specter of social revolution, which it will attempt to crush with all the forces of the state.
On the other hand, various figures and organizations in and around the Democratic Party are attempting to propagate the fiction that measures can be implemented to address social inequality without a frontal assault on the wealth of the ruling class and the capitalist system itself. It is, moreover, to be achieved through the Democratic Party, a right-wing capitalist party that has been instrumental in overseeing the massive redistribution of wealth to the rich.
New York Representative Alexandria Ocasio-Cortez has called for a 70 percent marginal tax rate for incomes above $10 million. Like everything the congresswoman proposes, the demand is “aspirational,” meaning whatever would be implemented by the party that totally gutted financial regulation in the 1990s would be a massively watered-down version of the original proposal.
Senator Elizabeth Warren, meanwhile, is calling for “a 2 percent wealth tax on Americans with assets above $50 million, as well as a 3 percent wealth tax on those who have more than $1 billion.” This wealth tax would raise annually some $275 billion, or approximately one percent of the nearly $30 trillion the US government, by one estimate, committed to bailing out the US financial system after 2008.
In its latest issue, Jacobin magazine, affiliated with the Democratic Socialists of America, is dedicated to promoting the election campaign of Democrat Bernie Sanders. The magazine spells out “A Plan to Win Socialism in America,” which it describes as little more than profit-sharing, via a “share levy on profitable companies to build up union-controlled funds.”
Jacobin fails to make clear how this “socialism” would be substantially different from the current arrangement at US automakers, whose retiree health-care insurance pools are run as slush funds for the corporatist UAW, and which give workers piddling profit-sharing checks once a year after ruthlessly exploiting them.
What none of these self-styled reformers address is how, in the face of a ruthless and reactionary ruling elite, even these extremely modest proposals are to be carried out. If the Federal Reserve cannot raise rates—in defense of the long-term interests of capitalism—and the courts ride roughshod over existing anti-trust laws, it is not difficult to imagine the furious backlash to even the most limited effort to increase taxes on the rich.
No struggle against capitalism is possible without the full expropriation of the financial oligarchy and the source of their power: the exploitation of human beings through capitalist property relations.
What is necessary are not “aspirational” proposals to raise taxes by a few percentage points—measures that will never be achieved under capitalism—but the expropriation of the ruling class. All large corporations and banks must be placed under public ownership and democratic control. The stranglehold of the financial oligarchy over economic, and therefore political, life, must be broken.
The social force that will carry out this sweeping transformation of society, the international working class, has already entered into struggle. It must take up the program of socialism, that is, the reorganization of society in the interest not of the top 1 percent, not of their envious hangers-on in the top ten percent, but of the bottom 90 percent of society: the great mass of the working class that creates all wealth.
THE (REALITY) OF THE GLOBALIST
DEMOCRAT PARTY AS IT SERVES THE RICH, “CHEAP” LABOR ILLEGALS and MUSLIMS:
Anti-Semitic, open borders for
cheaper labor and funded by criminal banksters… and these pols are making vast
fortunes sucking the blood of America!
We must not let them cheat their
way to power over the rest of us. Their ongoing vote fraud must be
stopped and the Democrats need to take a look at themselves and at what they
have become. It's not a pretty picture. What they have become
threatens to destroy the greatest nation on the planet and they are doing it on
purpose. They have nothing but contempt for the US as founded and
for those of us who love this country. PATRICIA McCARTHY – AMERICAN THINKER
“Then we suffered the rattling election of
Barack Obama, whose active membership in a white-, Jewish-, and America-hating
church was well known to the electorate. His close personal
relationship with the likes of his adored Rev. Jeremiah Wright and Louis
Farrakhan was no secret. Obama was open about his
goals. He told us he was out to "fundamentally transform
America" and the world.” ALAN BERGSTEIN
“There is a deep racist and anti-Semitic disease in the leadership of
the Democrats. As Senator Cory Booker brings his hatred for the Jewish State to
the Senate, he should be asked whether he agrees with his hero, “The only good Zionist
is a dead Zionist we must take a lesson from Hitler”. DANIEL GREENFIELD
ISLAMIST BARACK OBAMA
*
“Of
course, one of the main reasons the nation is now “divided, resentful and angry” is because
race-baiting, Islamist, class warrior Barack Hussein Obama was
president for eight long years." MATTHEW VADUM
*
"But the Obamas are
the center of the most delusional cult of personality that the media has yet
spawned. And so we get bizarre pieces like these." MONICA SHOWALTER
*
"Along with Obama, Pelosi and
Schumer are responsible for incalculable damage done to this country over the
eight years of that administration." PATRICIA McCARTHY
No comments:
Post a Comment