OBAMA-CLINTONOMICS: You were wondering how many jobs went
to illegals and how well Obama’s crony banksters have done???
The sputtering economic recovering under
President Obama, the last to follow a major recession, has fallen way short of
the average recovery and ranks as the worst since the 1930s Great Depression,
according to a new report.
Had the recovery under Obama been the
average of the 11 since the Depression, according to the report, family incomes
would be $17,000 higher, six million fewer Americans would be in poverty, and
there would be six million more jobs.
THE DEMOCRAT PARTY’S BILLIONAIRES’
GLOBALIST EMPIRE requires someone as ruthlessly dishonest as Hillary Clinton or
Barack Obama to be puppet dictators.
http://hillaryclinton-whitecollarcriminal.blogspot.com/2018/09/google-rigged-it-so-illegals-would-vote.html
1.
Globalism: Google
VP Kent Walker insists that despite its repeated rejection by electorates
around the world, “globalization” is an “incredible force for good.”
2.
Hillary Clinton’s Democratic
party: An executive nearly broke down crying because of the candidate’s loss. Not
a single executive expressed anything but dismay at her defeat.
3. Immigration: Maintaining
liberal immigration in the U.S is the policy that Google’s executives discussed the
most.
HILLARY CLINTON’S GLOBALIST VISION:
SURRENDER OF OUR BORDERS WITH NARCOMEX AND SUCKING IN GLOBAL
BRIBES FOR THE PHONY CLINTON FOUNDATION
Even though it has gone
virtually unreported by corporate media, Breitbart News has extensively documented the
Clintons’ longstanding support for
“open borders.” Interestingly, as the Los Angeles Times observed
in 2007, the Clinton’s praise for
globalization and open
borders frequently comes when they are speaking before a wealthy
foreign audiences and donors.
CLINTON MAFIA AND THEIR BANKSTERS AT GOLDMAN SACHS
WHO IS TIGHTER WITH THE PLUNDERING BANKSTERS? CLINTON,
OBAMA or TRUMP?
The Clinton White House
famously abolished the Glass–Steagall legislation, which separated commercial
and investment banking. The move was a boon for Wall
Street firms and led to major bank mergers that some analysts say helped
contribute to the 2008 financial crisis.
Bill and Hillary Clinton
raked in massive speaking fees from Goldman Sachs, with CNN documenting a total
of at least $7.7 million in paid speeches to big financial firms, including
Goldman Sachs and UBS. Hillary Clinton made $675,000 from speeches to Goldman
Sachs specifically, and her husband secured more
than $1,550,000 from Goldman speeches. In 2005 alone, Bill Clinton collected over
$500,000 from three Goldman Sachs events.
The Clinton Looting of the Poor of Haiti
HILLARY
& BILLARY: The Evita and Juan Peron of Wall Street
The Clinton Looting of the Poor of Haiti
“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. The basic
components of the operation are lavishly paid speeches to Wall Street and
Fortune 500 audiences, corporate campaign contributions, and donations to the
ostensibly philanthropic Clinton Foundation.”
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 basic
components of the operation are lavishly paid speeches to Wall Street and
Fortune 500 audiences, corporate campaign contributions, and donations to the
ostensibly philanthropic Clinton Foundation.”
IT WAS BILL CLINTON WHO UNLEASHED WALL STREET’S BIGGEST
CRIMINAL BANKSTERS…. And haven’t they sucked up the banksters’ gratuities
since?
Only Barack Obama has serviced banksters more than Hillary
and Billary!
“Clinton
also failed to mention how he and Hillary cashed in after
his presidential tenure to make themselves multimillionaires, in
part by taking tens of millions in speaking fees from Wall Street
bankers.”
Lagarde: World May Face
a ‘Monopoly Problem’ in the Future
BY
WASHINGTON—The rising power of a few corporate
giants could weaken investment, deter innovation, and reduce the share of
income paid to workers in advanced economies, according to a new report by the
International Monetary Fund (IMF).
While the overall macroeconomic effects of the rising
“monopoly problem” have been modest so far, further increases in the market
power of big companies could become increasingly negative if they were left
unchecked.
The problem could take a bigger toll on economic growth
and people’s incomes in the future, warned the IMF, which urged policymakers to
keep the market competition strong.
Speaking at the U.S. Chamber of Commerce, IMF Managing
Director Christine Lagarde talked about the increasing concentration of market
power in advanced economies. She said a small number of highly successful
companies accounted for the “highest price markups.”
According to the IMF, the price markup—how much a company
charges for its products compared with how much it costs to produce—is a good
measurement of market power. When a company’s market power increases, it can
maximize its profits by charging a higher price and reducing its output.
“In other words, there is a “winner-takes-most” dynamic
at play—especially pronounced in the digital economy,” Lagarde said.
“I am not saying that we currently have a ‘monopoly
problem.’ But I am saying that we should take appropriate measures—so that it
does not become a problem.”
Increase in market power would lead a company to reduce
its demand for capital and, therefore, its investment, according to the IMF
study. It also stifles innovation, as the firm would have less incentive to
innovate to stay competitive.
The study also found that increased market power since
2000 has accounted for at least 10 percent of the drop in the share of labor
income in advanced economies.
Lagarde urged policymakers in countries such as the
United States to take necessary measures to prevent the escalation of the
problem in the future.
“That means reducing barriers to entry for new firms and
reforming competition frameworks to ensure a level playing field in all
sectors, whether traditional or high-tech,” she said.
A Problem in Advanced Economies
IMF studied the monopoly problem using data for nearly 1
million companies from 27 countries—both advanced and emerging markets—since
the beginning of the 2000s.
According to the report, the price markup increases are
more concentrated in advanced economies than in emerging markets. This increase
in markups has taken place in most industries, with the largest among
technology firms. And higher markups have been concentrated among a small
number of companies.
Companies with the highest markups raised their average
markup by more than 30 percent since 2000. These companies are more profitable
and productive than their competitors. They also have more intangible assets
like patents and software than others.
“In many markets, the rising market power of the more
productive and innovative companies has been helped by their superior ability
to exploit proprietary intangible assets, network effects, and economies of
scale (reduced costs per unit as output increases),” the report stated.
“In the United States, for example, these high-markup
companies have also expanded in size in relation to their low-markup
counterparts, contributing to a larger increase in aggregate markups compared
with Europe.”
The high markup companies may attempt to entrench their
positions by building barriers to entry, such as high customer switching costs,
therefore it is important for policymakers to ensure a level playing field
among all companies, stated the report.
President Donald Trump has been vocal in his criticism of
tech giants, particularly Amazon. In an interview in November 2018, he said his
administration was looking into antitrust violations by Amazon, Google, and
Facebook.
He has
also repeatedly accused Amazon of
scamming the U.S. Postal Service. And he has been critical of Amazon CEO Jeff
Bezos, who owns The Washington Post.
IMF Predicts No Recession
The 2019 IMF and World Bank
Spring Meetings will be held in Washington on April 12 through 14.
In its January report, the
IMF projected that the global economy would grow at 3.5 percent in 2019 and 3.6
in 2020.
Lagarde said that the global economy is at “a delicate
moment.”
The IMF cut its global growth forecast twice since last
October due to slowing Chinese economic growth, the U.S.–China trade war, and
financial worries in emerging markets.
“But, to be clear, we do not see a recession in the near
term,” Lagarde said. “In fact, we expect some pickup in growth in the second
half of 2019 and into 2020.”
Global economic activity is set to benefit from
the recent policy responses, such as the Federal Reserve’s “more patient pace
of monetary policy normalization” and increased stimulus in China, according to
her.
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."
*
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.
WALL
STREET CRIMINALS and the ultimate death of America’s middle-class
*
*
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."
*
"Hillary will do anything to distract you from her reckless record and the damage to the Democratic Party and the America she and The Obama's have created."
"Hillary will do anything to distract you from her reckless record and the damage to the Democratic Party and the America she and The Obama's have created."
*
“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
HAS AMERICA DESTROYED ITSELF MERELY TO MAKE THE RICH SUPER RICH?
Viking
Economics by George Lakey
by Melville
House
This
week, we’re excited to be publishing Viking Economics, George
Lakey’s look at
how the Nordic countries, in a very short span of time, managed to move past
many of the problems faced by nations like the US and UK today — problems with
inequality, infrastructural weakness, the cost of education, and personal
freedom. Today, the people of Denmark, Iceland, Norway, and Sweden enjoy widely-shared prosperity, low
crime rates, reliable infrastructure, affordable education, great personal
freedoms — some of the highest standards of living in the world.
Particularly
as both the US and the UK face some of our biggest challenges in a generation —
and, in both cases, under new leadership — Viking
Economicsoffers some
crucial examples of how we might get some things right.
Here’s a
brief excerpt to read on the longship ride over to your local bookstore to buy a copy; please try not to get herring on it.
Like most
Americans today, Norwegians a century ago didn’t like the results of a wealth
gap: the hunger and poverty, the crime, elderly friends warehoused or left in
isolation, young people without hope of a good job. Norwegians also didn’t like
the attitudes that went with inequality: an inclination toward arrogance among
higher-income people and the feeling among lower-income people that they were
losers, defeated by the system.
Early in
the twentieth century, Norway had the formal institutions of parliamentary
democracy, but ordinary people were not empowered: they did not set the
direction of their society. The direction was set, instead, by the economic
elite, through the political parties they dominated and the businesses they
ran. Career options were limited, and there was little social mobility.
The
differences between then and now are striking: If you’re a Norwegian teenager
today and the job you’re interested in pursuing doesn’t require higher
education, you can choose among good public vocational courses. If you learn
better in a hands-on apprenticeship mode, publicly supported programs help you
do that. If, instead, you prefer to develop a talent in art or music, or follow
a career at sea or in engineering, you can attend a free post-secondary school.
Paid
maternity and paternity leave (including for adoptive parents) is built into
the system, and your job is held until you return. After the leave is over,
child support is increased if you choose to be a full-time parent. If your
choice is to go back to work, affordable childcare is available.
Extensive,
subsidized public transport means that you probably won’t need a car to get to
work. High educational standards prevail in big-city schools, as well as in the
suburbs. Small towns receive subsidies to make them attractive for people who
might otherwise feel forced to live in a city for cultural amenities, again
increasing your options. The economy subsidizes family farming both for its own
sake and for food security, so farmers can earn a reasonable income, another
freedom denied in many industrialized countries.
The
government offers free vocational counseling, education, and job-training
resources for people seeking a career change, and entrepreneurialism is
encouraged through free health care and a public pension for all: In Norway,
you have the freedom to fail without becoming a failure.
Money
doesn’t dominate the political system, so citizens are freer to participate
meaningfully in political life—and they’re more likely to be exposed to
newspapers with a variety of points of view, because journalism is subsidized
to avoid a narrowing of perspective. According to Freedom House, in 2013,
Norway was tied with Sweden at number one in the world for freedom of the
press. Denmark was sixth, and Iceland was tenth. (The United States was
twenty-sixth.) Indeed, this approach to public life has a long lineage in the
region: Sweden was the first country in the world to establish freedom of the
press—in 1766.
The
Nordics are among the longest-living people in the world, and older citizens
continue to benefit from an economy designed for personal freedom. The Global
Watch Index studied ninety-six countries and rated Norway as the best place to grow old, followed closely by Sweden.
The pension system enables you to live at home with health aides or in a senior
living facility. You don’t need to fear hunger or lack of medicines or of
health care. Every small town has a music and culture center where you can
enjoy the arts and pursue your hobbies.
The crime
rate is very low, partly because societies with high equality tend to
experience less crime. Even in their largest city, Norwegians enjoy a
remarkable degree of freedom from fear about personal safety.
Designing
an economy that supports freedom and equality pays off in happiness, judging
from the Vikings’ descendants making the top ten in the UN’s International
Happiness Index. In 2015, the ratings showed Denmark, Iceland, and Norway sharing first
place with Switzerland, while Sweden was close to its cousins.
The
Organization for Economic Co-operation and Development (OECD), composed of
thirty-four of the most-developed nations, compared life satisfaction
experienced by the people in each country in 2013. The OECD found Norway second, Iceland third, Sweden fourth, and
Denmark fifth.
And yet
in spite of all this security and support, the Nordic yen for adventure has not
disappeared. Americans, too, have a strong yearning for both freedom and
equality, so the Nordic desire for both isn’t surprising. What is surprising,
though, is that they went ahead and built an economy to serve those values.
That’s the story in this book.
Like
their Viking ancestors, the moderns made mistakes in their explorations.
Iceland’s financial collapse of 2008 was a spectacular error, and, as I’ll
describe, back in the 1980s, the Norwegians and Swedes made a series of serious
economic mistakes. The Nordics haven’t built a utopia: Norwegians see
themselves as “a nation of complainers,” and this book doesn’t shy away from
the challenges that face them and their Nordic cousins.
Still,
it’s useful for us as outsiders to observe the Nordics’ expeditions and to use
them to reflect on our own situations. There are many important lessons to be
learned.
Part of
Trump tax bill bonanza for the
wealthy
"The $100 billion figure is not so much a record as it is
another dimension in corporate plunder."
“It has been estimated that the cost of an iPhone, retailing for
around $650 to $700, is made up of $220 for the components and $5 for the labor
of assembly.”
"In the past week, at least one prominent Republican,
Senator Marco Rubio of Florida, has publicly admitted that
the tax bill was sold under false pretenses."
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