JOE BIDEN'S BANKSTERS AND THE PARASITE LAWYER CLASS
LOVE THIS SOCIOPATH!
Biden presumably picked Harris as his running mate for three reasons: She was black-ish; she’s female; and, most importantly, she wouldn’t outshine Biden and might be an insurance policy against efforts to oust him under the 25th Amendment.
KAMALA HARRIS - I CAN CON THEM! I'M A LAWYER, IT'S WHAT I HAVE DONE MY ENTIRE BRIBES SUCKING LEGAL CAREER!
https://kamala-harris-sociopath.blogspot.com/2020/09/kamala-harrs-i-can-con-them-im-lawyer.html
All of this is, if we can be permitted to use Biden’s catchphrase, “malarkey.” Harris has already proven herself as a trusted servant of the interests of the rich and powerful at the expense of the working class. The Wall Street Journal wrote last week that Wall Street financers had breathed a “sigh of relief” at Biden’s pick of Harris. Industry publication American Banker noted that her steadiest stream of campaign funding has come from financial industry professionals and their most trusted law firms.
There is something fitting in the selection of Harris to co-lead the Democrats’ ticket. The response of the Democrats to the mass multi-racial and multi-ethnic protests against police violence that erupted earlier this year was to divert them into the politics of racial division, using the reactionary and false claim that what was involved was a conflict between “white America” and “black America,” rather than a conflict between the working class and capitalism.
US Vice President Kamala Harris 'is such a hoax'
https://www.youtube.com/watch?v=hRg6KxiOr3Q
How Kamala Harris Made Her Millions
https://www.youtube.com/watch?v=yIipQxGdjYs
The Shady Side Of Kamala Harris
https://www.youtube.com/watch?v=flz5k8RPQGk
The United States is 'literally leaderless'
https://www.youtube.com/watch?v=VJf-XRgzcjs
Newt Gingrich calls Joe Biden a 'sickness'
https://www.youtube.com/watch?v=eVlPJcgRCj8
Democrats plan to resurrect Kamala Harris’s reputation
The Hill, which often serves as a mouthpiece for Democrat press releases, has written an article stating that “Democrats see Harris as a major player in midterms.” When it comes to Harris’s moribund reputation, Dems want us to think of Jesus raising Lazarus from the dead but saving Harris is more like Mel Brook’s Young Frankenstein and “Abby Normal’s brain.”
Kamala’s lack of national viability made itself known during the Democrat primaries in 2019 when Harris dropped out without even breaking the 4% barrier in the polls and with zero delegates.
Biden presumably picked Harris as his running mate for three reasons: She was black-ish; she’s female; and, most importantly, she wouldn’t outshine Biden and might be an insurance policy against efforts to oust him under the 25th Amendment.
Since she’s been in office, Kamala has been a disaster. Monica Showalter’s astute posts about Kamala Harris tell the story. Here are just a few of the highlights:
Already in December 2020, perhaps as Democrats had their “Oh, my God! What have we done?” moment about getting Biden into the White House, there was the first of several desperate efforts to build Kamala up. This wasn’t helped by the fact that Kamala was mostly window dressing, standing behind Joe, wearing her little mask, like Death waiting for a turn.
In March, as Biden’s disastrous open border policy began to take shape, he appointed Kamala his “border czar.” And again, there was a push to resurrect her reputation. Kamala showed unusual initiative by ignoring the border and focusing on renovating the Veep’s mansion.
By April, even the Democrat cheerleaders in the media were wondering “Where in the world is Kamala Harris (and why isn’t she at the border)?” Jen Psaki, who may not like Kamala, covered for her by saying that Harris, who had bopped off to a Chicago bakery, was just like other Americans in Chicago, in that “she got a snack.”
A week later, Harris announced her solution to the border problem: She was going to Latin America to hunt down “root causes.” As for the border itself...meh! Two weeks after that, Kamala explained that El Salvador needed to have an independent judiciary, an interesting statement from a politician whose party fanatically wants to pack the United States Supreme Court. Meanwhile, Kamala avoided that border over which she allegedly presided as czar.
While Kamala dodged and weaved on the border, it emerged that people don’t like working for her. Apparently, like all people over their heads, she’s mean to and tries to blame the staff that can’t compensate for her inadequacies. (Her Secret Service agents suffer too.)
Because Kamala had failed so well as border czar, Joe promoted her to voting rights czar. Her aides allegedly panicked and then panicked some more. They were on to something because her trip to Latin America was a P.R. disaster. Her staff engaged in CYA behavior, stating that they were “perplexed” about her performance.
In early June, as border czar, Kamala told illegal aliens “do not come.” Well, that should stop them...NOT. Still, at the end of June, when Trump threatened to get to the border first, Kamala finally announced a visit. She carefully avoided going to the site of illegal border crossing and, of course, she blamed Trump for everything.
Eventually, even a true believer like Ezra Klein had to admit that Kamala is incompetent. And so, in July, there was another effort to reboot Kamala’s popularity. It’s hard, though, when you have a Veep (and voting rights czar) who boasts about talking with Republicans about the Dems’ “reform” bill but can’t name anyone with whom she’s spoken.
In August, there was another effort to improve Kamala’s reputation. Again, though, she made it difficult, performing horribly in Asia, including wiping her hand after shaking the hand of the South Korean president.
And always, always, there’s that crazed, manic cackle. Plus the fact that her popularity is lousy. Very lousy.
With that history, it’s laughable when The Hill claims that “Democrats expect Vice President Harris to be a major player in revving up the party’s liberal base ahead of next year’s midterm elections.” She’s obnoxious, incompetent and, outside of rabid Third Wave feminist circles, disliked.
When a single Democrat pollster, a Harris ally, and a White House official sing her praises, no one should be impressed. Instead, there’s a strong odor of desperation when The Hill assures readers that “Democrats see Harris as uniquely positioned to drive up turnout among young people and women....”
Currently, Kamala’s only advantage is that no one is yet hollering “F*** Veep Harris” at sports events and concerts. As between a corrupt and senile president and an incompetent and unpleasant veep, it’s to be hoped that neither of them gets out the Democrat vote in the 2024 midterms.
Image: Kamala Harris. YouTube screen grab (edited).
THE LOOTING OF AMERICA
KAMALA HARRIS AND HER GOLDMAN SACHS BANKSTER STEVEN MNUCHIN
A tidy corrupt partnership
https://kamala-harris-sociopath.blogspot.com/2020/10/the-looting-of-america-kamala-harris.html
She also declined to prosecute OneWest, run by now-Treasury Secretary Steven Mnuchin from 2009-2015, after her own prosecutors said they discovered over a thousand violations of foreclosure law committed by the bank. (OneWest donated $6,500 to Harris' attorney general campaign in 2011, and Mnuchin himself donated $2,000 to her Senate campaign in 2016.)
Park Avenue: Money, Power and the American Dream⎜WHY POVERTY?⎜(Documentary)
https://www.youtube.com/watch?v=6niWzomA_So&list=WL&index=19
The close collaboration between the US Treasury, the Federal Reserve and the multi-billion dollar asset management firm Blackrock in devising the March 2020 rescue operation for Wall Street has been revealed in an article published in the New York Times yesterday.
World’s largest asset management firm was “front and center” of Fed’s Wall Street bailout
The close collaboration between the US Treasury, the Federal Reserve and the multi-billion dollar asset management firm Blackrock in devising the March 2020 rescue operation for Wall Street has been revealed in an article published in the New York Times yesterday.
According to the article, Larry Fink, the CEO of Blackrock, the world’s biggest asset management firm, was “in frequent touch” with US Treasury Secretary Steven Mnuchin and Fed chair Jerome Powell “in the days before and after many of the Fed’s emergency programs were announced in late March.”
Chairman of the Federal Reserve Jerome Powell (AP Photo/Susan Walsh)
The extent of the collaboration is revealed in new emails obtain by the newspaper together with information that has been previously made public.
In one newly obtained email, Fink refers to planning for the rescue measures as “the project” that he and the Fed were “working on together.”
As the article notes, “America’s top economic officials were in constant contact with a Wall Street executive whose firm stood to benefit financially from the rescue,” showing “how intertwined Blackrock has become with the federal government.”
Blackrock’s close collaboration with the Fed and Treasury came at a crucial point in the development of a crisis in financial markets which began with the onset of the pandemic in March and fears in corporate circles over the response in the working class amid walkouts by workers insisting that safety measures be out in place.
The Fed responded to the initial turbulence in the markets by cutting interest rates. But these measures proved to be insufficient and the potential for a major meltdown in the markets emerged in the week ending March 20 when the $21 trillion US Treasury bond market—the bedrock of the US and global financial system—froze.
Instead of providing a “safe haven” for investors it moved to the centre of the crisis as Treasuries were sold off and no buyers could be found as the sell-off extended to all areas of the financial system.
Faced with a disaster when the markets re-opened, Mnuchin, Powell and Fink were engaged in a series of discussions over the weekend of March 21–22 to devise a rescue package. According to the Times report, Mnuchin spoke to Fink five times over the two days, more than anyone else, other than Powell with whom he spoke nine times.
One of the most significant features of the rescue measures announced on Monday March 23 was the decision by the Fed, for the first time ever, to buy corporate bonds which, as the Times noted, “were becoming nearly impossible to sell as investors sprinted to convert their holdings to cash.”
Blackrock had already closely collaborated with the Fed developing its response to the 2008 financial crisis was thereby set to play a key role in the March intervention.
The article pointed out that, while Blackrock signed a non-disclosure agreement on March 22 restricting officials from sharing information about the upcoming measures, the way in which the rescue package was devised “mattered to Blackrock.”
The decision of the Fed to buy corporate bonds and provide an underpinning for the market was significant and involved two key areas of Blackrock’s operations. One of the ways it makes profit is by managing money for clients charging a preset fee. But assets under management were contracting as investors went for cash and its business model was under threat.
Blackrock is also a major player in the short-term debt markets which were coming “under intense stress” as investors moved their holdings to cash.
Electronic Traded Funds (ETFs), which track market indexes but which trade like a stock, were also severely impacted.
In the words of the Times article: “Corporate bonds were difficult to trade and near impossible to issue in mid-March 2020. Prices on some high-grade corporate ETFs, including one of Blackrock’s, were out of whack relative to the value of the underlying assets.”
As Gregg Gelenzis, associate director for economic policy at the Center for American Progress told the Times: “This was the first time that ETFs came under stress in a really systemic way.”
In the rescue package the Fed committed itself to buying already existing debt as well as new bonds and also decided it would purchase ETFs with the result that the “bond market and fund recovery was nearly instant.”
As the Times article notes, while practically all of Wall Street benefited from the Fed’s intervention, and other financial firms were “consulted” apart from Blackrock “no other company was as front and center.”
The closeness of the relationship between Blackrock and the financial and economic arms of the state, the US Treasury and the Fed, were highlighted in a comment by William Birdthistle, of the Chicago-Kent College of Law and the author of a book on funds, cited in the article.
He said Blackrock was “about as close to a government arm as you can be, without being the Federal Reserve.”
The Fed makes every effort to cover up that relationship in order to try to preserve the fiction that it is not beholden to Wall Street and operates as an independent public authority concerned above all with the state of the economy and the welfare of the population.
The Times article recalled a news conference in July 2020 in which Powell was asked about the discussions with Fink.
“I can’t recall exactly what those conversations were,” he said, “but they would have been about what he is seeing in the market and things like that.
He said there were not “very many” conversations and that the Blackrock chief was “typically trying to make sure that we are getting good service from the company he founded the leads.”
Powell’s claim that, in the midst of the most significant crisis since the meltdown of 2008—with a potential to go even further, as the freeze in the Treasury market showed—he could not recall those conversations simply does not pass muster.
The value of every crisis, it has been rightly said, is that it reveals the real relations that are obscured and covered over in “normal” times.
And that is the case here. The economic arms of the capitalist state are not some independent authority but function every day in the interests of the corporate and financial oligarchy, servicing its needs and interests above all else.
No comments:
Post a Comment