Hillary’s Defense of Big Money Won’t Cut It
Charles Koch Prefers Clinton to a GOP Presidency - Likes Bill Too
As Elizabeth Warren has stated, personnel is policy. President Obama staffed his administration at its highest levels with former bankers and corporate lawyers. The Attorney General and the head of the criminal division came from and returned to a corporate law firm representing many of the bankers that should have been prosecuted. Not surprisingly, they worried publicly that prosecuting the banks might endanger the recovery.
Citibank received the largest bailout from the federal government. It would have gone belly up without it. It misled investors about the billions in toxic mortgage bonds it held. The Financial Crisis Inquiry Commission called on the Justice Department to consider criminal charges against its leaders, including Robert Rubin, Clinton’s former Treasury Secretary, and one of Obama’s major patrons. The referral was not pursued._ _ _ _ _ _ _
Interesting tidbit from Europe, found at Paul Craig Roberts' blog, educates us a bit about the internationalization of the neoliberalism berserkianism which has been loosed upon the world. The writer's English isn't perfect, but the meaning comes through crystal clear.
Inside of 25 years I’ve observed the shift of the mass-media in Europe from somehow different and somehow independent /original and free as much the official media can be in this “democracy-capitalism” to a “European Media” which is absolutely identical and absolutely uniformity qua content, being different only the name of that media and the country language. Does not matter the language I read (English, Dutch, Romanian, French, Italian …) it is almost the same text, very badly translated from a general source, I suppose. The only “free” journal in the West it is “Le Monde Diplomatique” from France!
Mass media in Europe is an Imperial Orthodoxy of an Orwellian informational terrorism in one absolute monotone monologue of one schizophrenic world. About your Dutch correspondent, he said the truth, but I would like to add that according to my experience a lot of Dutch people don’t agree with the Dutch gov. and Parliament, which are only a machine to repeat what USA/Israel and Bruxelles has to say! The manipulation, brainwashing and the diktat of “political correctness” and “we know better, always” are the perfect picture of our political ruling class.
It is sometime worst than some periods of Stalin proletcultism or Mao’s so called “cultural revolution”. Yes it is a Western democracy “cultural revolution” of His Majesty The LIE ! About anti- Russian propaganda, the insanity has reached the infinite! Even Shakespeare/Dostoevsky/Kafka and Cervantes are out of words to explain such insanity.The progressive left?
To me as a doctor it is crystal clear that all politicians in West are really psycho-sociopaths. No chance left! I can say this because I was living 38 years on the other side of the Iron Curtain, I know perfectly all it was about in all former Communist Socialist systems, but sometime painfully I discovered that the Western democracy (if exists) is worst then that! Therefore I highly appreciate what are you doing. I would like to thank you and to all like you, trying to do something positive for this world.
Ah, I remember those halcyon days when we marched thinking we were helping our country to become a stronger democracy through an informed citizenry.
Ha! We were so young.
April 21, 2016
Paul Craig Roberts
Have you noticed that it is not only the presstitute media and the two establishment political parties that are beating up on Bernie Sanders and Donald Trump but also the progressive left? Sometimes the messages overlap so much that the progressive left sounds like the One Percent. But mainly the progressive left is down on Sanders because he is “not pure,” and they don’t like Trump because he hurts people’s feelings and doesn’t apologize.
This is astounding. Here we are faced with the corrupt media and the corrupt party establishments determined to put in the Oval Office a tried and proven agent of the One Percent, and the progressive left is beating up on the only two alternatives!
I doubt that Sanders or Trump would be able to achieve much for the American people except to reduce the flow of official lies that the presstitutes turn into truths by constant repetition. The Oligarchy is too strong. It was more than a half century ago that President Eisenhower warned us of the threat to American democracy from the military-security complex.
That complex is much stronger today, and, in addition, we have Wall Street and the mega-banks that control the US Treasury and Federal Reserve, the Israel Lobby that has the US Congress wrapped around its little finger, the extractive industries (energy, mining, timber) that prevail over the environment and preservation, and agribusiness that poisons our food, exterminates honey bees and butterflies and produces chemical fertilizer runoff into waters that result in massive fish kills from algae.
None of these powerful interests will permit the welfare of the American people to get in the way of their agendas and profits.
Nevertheless, the election of Sanders or Trump is important, because it demonstrates that American citizens are emerging from The Matrix and have no confidence in the two corrupt political parties that betrayed them. The message would go out to the world as well that the American people have no confidence in the Washington Establishment. These messages are very important and can only have beneficial effects.
So why is the progressive left helping the One Percent keep the lid on the rest of us? Has the progressive left sold out or is the progressive left putting its emotional needs above the general welfare?
And after all that marching and being so hopeful . . . we live in a world that is so deadly divided (and I mean this in the sense that so little good health care is being directed at the impoverished end of the spectrum) between the haves and have-nots that it's hardly recognizable as the world we thought we had when we started that first march.
By Michael Snyder, on April 24th, 2016
If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring up that number. Nor do they ever bring up the fact that 20 percent of all families in America are completely unemployed. The following comes directly from the Bureau of Labor Statistics:
For purposes of this study, families “are classified either as married-couple families or as families maintained by women or men without spouses present” and they include households without children as well as children under the age of 18.In 2015, the share of families with an employed member was 80.3 percent, up by 0.2 percentage point from 2014. The likelihood of having an employed family member rose in 2015 for Black families (from 76.4 percent to 77.7 percent) and for Hispanic families (from 85.9 percent to 86.4 percent). The likelihood for White and Asian families showed little or no change (80.1 percent and 88.6 percent, respectively).
Digging into the numbers, we find that there were a total of 81,410,000 families in America during the 2015 calendar year.
Of that total, 16,060,000 families did not have a single member employed.
So that means that in 19.7 percent of all families in the United States, nobody has a job.
And of course there are lots more families that are “partially employed”. In other words, maybe the wife has a job but the husband does not.
So based on these numbers, it would appear to me that the true rate of unemployment in this country is vastly higher than 5 percent, and John Williams of shadowstats.com agrees with me. According to his calculations, the broadest measure of unemployment in the U.S. would actually be sitting at 22.9 percent if honest numbers were being used.
But let’s not just focus on where we are.
Let’s take a look at where we are going.
According to Challenger, Gray & Christmas, job cut announcements by big companies in the United States were up 32 percent during the first quarter of 2016 compared to the first quarter of 2015, and it appears that the job losses are going to continue to mount as we roll into the second quarter. For instance, late last week Intel announced that it is going to be laying off 12,000 workers…
As it navigates its path into the future, Intel, the 47-year-old corporation best known for making microprocessor chips that power personal computers, has announced significant changes to its business.
On Tuesday, Intel’s CEO Brian Krzanich said in a letter to employees that the company over the next year will cut its 107,300-person global workforce by 12,000 people, or 11 percent.
Those are good middle class jobs, and they are exactly the kind of jobs that we cannot afford to be losing.
Meanwhile, the “retail apocalypse” appears to be accelerating once again.
Bloomberg is reporting that teen clothing chain Aeropostale is preparing to file for bankruptcy. Aeropostale currently operates more than 800 stores across the nation, and it is unclear if any of them will be able to stay open as this process plays out. But of course it isn’t just Aeropostale that has gone bankrupt lately. Here are a few more examples of major retailers that have recently filed for bankruptcy…
April 16, 2016: Vestis Retail Group, the operator of sporting goods retailers Eastern Mountain Sports (camping, hiking, skiing, adventure sports), Bob’s Stores (family clothing and shoes), and Sport Chalet (general sporting goods), filed for Chapter 11 bankruptcy. It will close all 56 stores and stop online sales.Just because the stock market has been doing well in recent weeks does not mean that the crisis has passed.
In the filing, it blamed the going-out-of-business sales at “certain Sports Authority locations,” plus the weather, which had been too warm, and trouble with switching to a new software platform. It’s owned by private equity firm Versa Capital Management LLC.
April 7, 2016: Pacific Sunwear of California, clothing retailer with nearly 600 stores and derailed ambitions of skate-and-surf cool, filed for Chapter 11 bankruptcy. PE firm Golden Gate Capital, a lender to the company, agreed to convert over 65% of its loan into equity of the reorganized company and add another $20 million in financing. Wells Fargo agreed to provide $100 million of debtor-in-possession financing.
March 2, 2016: Sports Authority filed for Chapter 11 bankruptcy. It said it would close 140 of its 450 stores, including all stores in Texas.
In fact, many experts believe that the crisis of 2016 is just getting started. Albert Edwards of Societe Generale is one of them…
But what I do know is when in the last few weeks I have heard that Janet Yellen sees no bubble in the US, when Ben Bernanke hones and restates his helicopter money speech, and when Mario Draghi says that the ECB’s policy of printing money and negative interest rates was working, I feel utterly depressed (I could also quote similar nonsense from Japan, the UK and China).All over the world, the underlying economic fundamentals continue to deteriorate. Here in the U.S., retail sales have been extremely disappointing, total business sales have been steadily falling, corporate revenues and corporate profits continue to plunge, and corporate debt defaults have soared to their highest level since the last financial crisis.
I have not one scintilla of doubt that these central bankers will destroy the enfeebled world economy with their clumsy interventions and that political chaos will be the ugly result. The only people who will benefit are not investors, but anarchists who will embrace with delight the resulting chaos these policies will bring!
All of these numbers are screaming that a major economic downturn is here, and with each passing week things look even more ominous for the second half of 2016.
Hillary Clinton’s Million Dollar Professional Internet Troll Army