Showing posts with label 1%. Show all posts
Showing posts with label 1%. Show all posts

Tuesday, January 26, 2016

The Hillary Hypocrisy - What Iowa Voters need to Know! - A Caucus Primer

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I am a native Iowan, a Hayseed and proud of it.  Born and raised in Iowa City, one of the most vibrant college towns in America, my family moved to Ottumwa in the mid 1950's.  Being born in 1946, I was a first year Baby Boomer.



Where Iowa City was young, vibrant, stimulating, and full of opportunity, Ottumwa was the other end of the spectrum.  In the late 1800's it was a booming coal capital, followed by a meatpacking capital in the early 20th century, and manufacturing (John Deere) center in the middle of the 20th century.

The Coal Palace
In each of the three periods in Ottumwa's history, the coal, meatpacking, and farm equipment manufacturing eras, that industry dominated the employment base and each period came to a crashing end.

Abandoned Morrell Plant
More than 22,000 people lived in Ottumwa in 1910 and population peaked with 33,631 in 1950 and 33,871 in 1960.  Like many Midwestern towns, the population has dropped to 24,682 in 2014, leaving the city today with the fewest people since 1920.

Ottumwa Downtown
To show the sharp contrast between towns in Iowa, my hometown Iowa City did not catch up with the Ottumwa population until 1960, but where Ottumwa has lost nearly 30% of the population since 1960, Iowa City has more than doubled in population during the same period to 73,415.

Iowa City
Hawkeye Stadium
Iowa is a state of diversity in people, prospects, and possibilities.  It also is unique in terms of the political caucus process and their standing as the first actual vote for president every four years in America.  Political pundits and media really do not like the fact Iowa is the first national test of our political system.  They like the unique caucus system even less because no other state uses it.  Too bad!


However, I did want to make sure the Iowa voters have all the facts before they caucus next Monday and begin the long grind to the presidency and the replacement for Barack Obama.  It was eight years ago Barack Obama pulled off the first of many upsets when he won 38% of the Iowa delegates while Hillary Clinton finished third with 27%.


So what about this year, Bernie Sanders came out of nowhere to challenge the Democrat front-runner and consensus favorite, Hillary Clinton, wife of popular Democrat President Bill Clinton.  To date Sanders, an Independent Socialist running for president as a Democrat, has driven the Democrat establishment crazy and is in a dead heat going into the final lap.


However, the Democrat establishment including DNC Chairwoman Debbie Wasserman Schultz and President Barack Obama are doing everything in their power to tilt the contest to Hillary and the big question is why?


The answer may be simpler than you think.


Two words mark the difference between the Clinton and Sanders campaigns.  They might be Goldman Sachs, Wall Street, Big Banks, Dirty Money, Puppet Masters, Corporate Corruption, or any and all of the above.


Here is an overview of the history.  Way back, when Bill Clinton was president and being impeached for excessive womanizing, to put it mildly, Goldman Sachs came to his rescue helping to raise millions of dollars to silence some of his victims and to pay off Clinton's Seven Million Dollar legal fees.


When Clinton left office, he became the poster boy for Goldman Sachs as the Clinton regulatory initiatives passed his last two years in office opened the floodgates to corporate corruption and led to the economic collapse of our nation in 2008.  The Goldman Sachs team raised tens of millions of dollars for Bill and his Foundation.


One of the chief appointees and fundraisers for President Clinton was Rahm Emanuel, a director for Goldman Sachs and who would soon be a Congressman.  It was Emanuel, who got Goldman Sachs to back an unknown Chicago politician Barack Obama when he ran for US Senate, and amid very suspicious circumstances won election and took office in 2006.


After Emanuel helped Obama become the largest recipient of Wall Street campaign contributions in history as he won the 2008 presidency, Rahm became Obama's chief of staff while dozens of Goldman employees took key economic positions in the Obama administration.


Now Emanuel, embattled Mayor of Chicago, is tied to Hillary and the Democratic establishment having hosted major fundraisers for her.  His Clinton connection from the mid 1990s and his ability to get both Hillary and Bill as the poster family for Goldman Sachs speak volumes.


Two Bill Clinton legacies generally forgotten by the Democrats and media, first more Americans were jailed during Bill Clinton's presidency than George Bush and Ronald Reagan combined, and second his regulatory revisions his last year in office allowed the thieves on Wall Street to destroy the American economy.


However, that is only the beginning.

Consider the following facts.  First Hillary pledges to be the advocate for low income, financially starved citizens.  In this respect, she says the top one percent wage earners who make most of the money in America, along with their Wall Street banks and brokerages, are the enemy.


WHAT THE TOP 1% MAKE IN AMERICA

Household income is at least $521,411 to join the top 1% in 2014!

For a fee of $275,000, Hillary agreed to appear before the clients of GoldenTree Asset Management, the capstone of a lucrative speech making sprint through Wall Street that would earn her more than $2 million in less than seven months.

Goldman Sachs paid Hillary $675,000 for three speeches.


Hillary made $16 million in five years from Wall Street while holding a government job during part of the time.

Bill and Hillary Clinton made $30 million in the last 16 months from Goldman and Wall Street not counting millions more given to the Clinton Foundation.

Since Bill left office in 2001, Bill and Hillary made $125 million.


Bill Clinton got paid $500,000 for one speech.

Hillary got paid $350,000 for a single speech.

The Hillary and Bill couple made $25 million in speaking fees in just the last year.

During this time including when Hillary was Secretary of State, hundreds of millions of dollars went to the Clinton family Foundation.

The real facts sound like she is a defender and benefactor of Wall Street rather than an enemy.  Ever since both Clintons left public office, they were full fledged members of the 1% thanks to the largess of Goldman Sachs and Wall Street.


Hillary the defender of Children for five decades!

This is the most recent ad placed by the Clinton campaign tracing her interest in protecting children over the years.  Of course, she is also the defender of Planned Parenthood and the Right to Choice for women.

That means for the past four decades she has defended the Roe versus Wade decision, which also means she is a supporter of the 58 million abortions that have taken place in America since the passage of Roe versus Wade in 1973.


Of that amount, 34.4% are African American though they make up only 12.6% of the US population.  Hispanics have 25% of abortions versus 16.3% of the population.  What does that mean?  Tragically, it means the abortion of twenty million African American children, fourteen and a half million Hispanic children, and twenty-three and a half million White children.


That is another side of the Hillary hypocrisy.


Perhaps Dr. Martin Luther King, Jr. said it best when it comes to abortion.

"The Negro cannot win as long as he is willing to sacrifice the lives of his children for comfort and safety.” How can the “Dream” survive if we murder the children? Every aborted baby is like a slave in the womb of his or her mother. The mother decides his or her fate."
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Tuesday, May 13, 2014

The Games People Play Part 4 - Voodoo Economics - Who Loses?

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Oh the Games People Play Now

Every night and every day now
Never meaning what they say now
Never saying what they mean now


Where is Dr. Who when you need him?  We gotta get out of this place...

There are a few things they forgot to teach us in Economics 101 and they have nothing to do with algorithms, exchange rates, return on investment or earned income.  You see, basic economics is a mathematical function but the underlying factor in American Capitalism has nothing to do with mathematics.


Our system of capitalism has fallen into the age old trap of being controlled by ethics and morality rather than math tables and the masters of capitalism are those who manipulate the system for only one purpose, the accumulation of wealth and the power that comes with it.

Once upon a time in America there was such a thing as a fair and relatively honest system but it has long been banished to the land of fairy tales and mythology as if it never really existed in the first place.


Now we eat, sleep and dream the lies that have been implanted in us as if we never knew better in the first place.  Economics must be derived from the word control because that is what it is all about and because control is what the 1% of the population have over all the money earned by the 99% .


In my studies and experience over the years there are a handful of guiding principles I found in all those who make their fortunes on the backs of the middle class.

1. OPM -  Always use "Other People's Money" to make money.
2. DOY -  Always make the little people "Dependent On You".
3. DTBS - Always "Dazzle Them with Bull Shit" to keep them confused.
4. WCF -  Always "Work to Create Fear" to keep people in line.

   
As a result, if we have any disposable income, money we don't need to survive, we invest it in the stock markets based on the promise to grow your portfolio.  Then, as a card-carrying member of what I call the Raggedy People, we are denied the right to buy new stock issues at the offering price.


Nor are we allowed to have our money invested by the massive computer generated strategies of the super rich (high frequency trading) in which they intercept your pension fund strategy and beat you to the punch.

We are drowning in financial news, analysis and misinformation.  What we need is a little truth.  Here is some.

On October 9, 2007 the Dow Jones hit 14,164.  By March 6, 2009 it collapsed to 6,443, a loss of 54% of it's value.  That is what happened to your investments and pension funds other than your home equity which was also crashing.


As of today, May 13, 2014 it has risen to 16,715, an astonishing increase of 259% in just shy of 4 years.  Ask yourself, do you now have almost 3 times as much money from investments, or in your pension or 401k as you did just 4 years ago?

As far as stocks, the wealthiest 10% of Americans own 80% of all stock.

Just this year it was reported that the wealthiest 1% of Americans possess 40% of the nation's wealth while the bottom 80% possess 7% of the wealth.  The other 19% just below the super rich possess 50.5% of the nation's wealth.  As a result, the top 20% control 90% of all the nation's wealth.


Of course these are the people sucking the stock market profits up.

So why invest in the market - don't.  You are only padding the pockets of those who could care less about you.  And while you are at it demand that Congress protect the pension and 401k funds managed by the rich as these funds seem to make a lot less money than the stocks owned by the people doing the managing.

It is too easy to use your money to manipulate the market so the high frequency boys can steal a few hundred million or billion dollars a day at your expense.

What can we do?  Be aware of how you are being used.  Keep abreast of the market fluctuations and demand to know from your broker or pension manager why you aren't benefiting just like the rich.


Pay attention to all the things they say are right like inflation, are you really not seeing massive increases in health care and food, and wild changes in gasoline?  How could we be at a 1-2% inflation when the price of meat can double?

The unemployment rate is down but not because of economic recovery but because millions of  people have dropped out of the labor force because they can't find jobs.


In America all people are entitled to equal opportunity but when it comes to capitalism that is far from the truth.  Demand answers to how your money is being manipulated.  Demand now before it is too late.

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