By United Front Against Austerity/Tax Wall Street
As Bernie Sanders gains traction against Hillary in the Democratic primaries in Iowa and New Hampshire, his utility to the Democratic elite is becoming more evident. Much like how Rand Paul’s legions of Libertarian lemmings are leaving en masse from his campaign, the left liberal mushheads of Bernie’s audience have been reflecting on the reality of Sanders’ time in office and commitments to the Democratic and military establishment. (Image)
The first cause for concern is the Lockheed Martin F – 35 fighter plane, the construction of which takes place in Sanders's home state of Vermont. Bernie, who opposes a large military budget when it's convenient for him, was questioned by Carl Gibson in New Hampshire about the F – 35 program:
CG: “You mentioned wasteful military spending. The other day ... I’m sure you’ve heard about the F-35 catching fire on the runway. The estimated lifetime expense of the F-35 is $1.2 trillion. When you talk about cutting wasteful military spending, does that include the F-35 program?”
Bernie Sanders: “No, and I’ll tell you why – it is essentially built. It is the airplane of the United States Air Force, Navy, and of NATO. It was a very controversial issue in Vermont. And my view was that given the fact that the F-35, which, by the way, has been incredibly wasteful, that’s a good question. But for better or worse, that is the plane of record right now, and it is not gonna be discarded. That’s the reality.”
by Stephen Lendman
Kleptocracy defines America. Corrupt politicians and corporate crooks conspire. Against ordinary people. Covertly and overtly.
Violating the letter and spirit of good governance. Looting the nation's wealth. Handing it to monied interests. Wall Street tops the pecking order.
Whatever bankers want they get. In unlimited amounts. Running Fed policy assures limitless cash on demand.
Controlling Washington, state capitals and municipal governments assures everything else.
On Thursday, House members passed a $1.1 trillion+ spending bill. On Saturday, senators followed suit.
Expect Obama to sign it into law straightaway. With little fanfare. Perhaps already. Monied interests own him
Enactment rolls back Dodd-Frank's Section 716: Prohibition Against Federal Government Bailouts of Swaps Entities.
The principal reason why Washington engages in military wars, sanctions and clandestine operations to secure power abroad is because its chosen clients cannot and do not win free and open elections.
A brief survey of recent election outcomes testify to the electoral unattractiveness of Washington backed clients. The majority of democratic electorates rejects candidates and parties which back the US global agenda: neo-liberal economic policies; a highly militarized foreign policy; Israeli colonization and annexation of Palestine; the concentration of wealth in the financial sector; the military escalation against China and Russia. While the US policy attempts to re-impose the pillage and dominance of the 1990’s via recycled client regimes the democratic electorates want to move on toward less bellicose, more inclusive governments, which restore labor and welfare rights.
By Joslyn Stevens
The arguments against raising the minimum wage are bullshit. The majority of Americans including conservatives support an increase yet congress continues to drag its feet on doing right by the people they claim to serve. The conservative “pull-yourself up-by your-bootstraps” mentality has become an acceptable excuse to justify kicking people when they’re down. The greedy and elitist attitudes of CEO’s and bankers have created a culture of entitlement in this country in which stealing from others less powerful is the best way to get to the top regardless of the social cost.
In light of the latest revelations from The Public Accountability Initiative that “the media continues to present former military and government officials as venerated experts without informing the public of their industry ties – the personal financial interests that may be shaping their opinions of what is in the national interest”, I thought it would be worthwhile sharing a few choice words from one of the greatest rappers to ever grace the mic, Immortal Technique.
by Stephen Lendman
On Wednesday, Obama nominated Janet Yellen as Fed chair. She's currently vice chairwoman. Senate confirmation is certain. It's rubber-stamp.
She'll succeed Ben Bernanke. On January 31, his second four-year term ends.
In its hundred year history, Yellen will be the first female Fed chair. According to the Central Bank Directory (CBD), 17 others head central banks globally. CBD lists 177 from Afghanistan to Zimbabwe.
Yellen may be the richest central bank head. Her reported investments were at least $4.8 million in 2012. Estimates range up to around $13 million. A year later, her wealth may be millions higher. She's privy to inside information. She helps make it. She's able to take full advantage. So can other Fed governors. They're all millionaires.
It’s no secret that the only reason the markets have been roaring – since bottoming out in March 2009, the DOW is up approximately 125% and The S&P 500 approximately 120% - is because of unlimited quantitative easing to the tune of $85 billion a month, a last resort, desperate measure that the FOMC began in 2012 to maintain its ‘growth’ targets. The end result of this program has essentially been the transfer of wealth from Main Street to Wall Street.
“In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock, 64.4% of financial securities, and 62.4% of business equity. The top ten percent have 81% to 94% of stocks, bonds, trust funds, and business equity, and almost 80% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.”
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