Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Octafish

(55,745 posts)
Mon Apr 27, 2015, 09:51 AM Apr 2015

Democrats have no business helping management.

Democrats, especially the leadership, should be helping LABOR -- not supporting legislation like TPP.

If Democrats want to improve the quality of life of ALL Americans, we should be doing all we can to organize labor in the American workplace, from improving pay and working conditions to guaranteeing job and retirement security.



By helping management, we just advance the interests of the Have-Mores.

46 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Democrats have no business helping management. (Original Post) Octafish Apr 2015 OP
Thank Bill Clinton, the Bushes, and be damned careful who you support for 2016. NYC_SKP Apr 2015 #1
Great points! Obama tried. Octafish Apr 2015 #3
I have many memories of JFK but one of my favorite was the day he called the big 3 Steel bosses jwirr Apr 2015 #13
'My father always told me that all businessmen were sons of bitches...never believed it until now.'' Octafish Apr 2015 #18
The Right Wing tries to claim Kennedy agreed with them because he lowered taxes on the top rate. Spitfire of ATJ Apr 2015 #27
JFK 1939 Apr 2015 #21
After he was assassinated LBJ made all that legislation a memorial to JFK. The rw hated it. jwirr Apr 2015 #32
Love the Sig lines.. especially a most informative archive post. 2banon Apr 2015 #24
I'll tip, but what helps labour DOES help management, whether they agree or not. Erich Bloodaxe BSN Apr 2015 #2
Thank you for the information. Help becomes a Catch-22. Octafish Apr 2015 #4
indeed, indeed. 2banon Apr 2015 #25
Hillary: "Outsourcing will continue..." antigop Apr 2015 #5
That really bothers me, in a very specific way. Octafish Apr 2015 #6
Thank you for that, I'd been looking for something new for my sigline. NYC_SKP Apr 2015 #9
What Renato Ruggiero said... Octafish Apr 2015 #16
And it is precisely what is happening. New World Order is not a conspiracy theory. NYC_SKP Apr 2015 #17
Global Trade -- Globalisation -- is the means to that fascistic end. Octafish Apr 2015 #33
The NWO. It's not just a rightwing CT anymore. pampango Apr 2015 #37
''We must believe that it is the darkest before the dawn of a beautiful new world. Octafish Apr 2015 #40
Exactly. Sadly, we are attacked here for pointing out the facts. NYC_SKP Apr 2015 #7
Many Democrats do not want to face the truth that our politicians can be bought for campaign cash Dustlawyer Apr 2015 #10
Or that they became multimillionaires in just a few years by, well, I guess it's just magic. NYC_SKP Apr 2015 #12
Carly Fiorina: it's not offshoring; it's RIGHT-shoring! closeupready Apr 2015 #8
Almost wish Nixon were around to sic the IRS on unctuous Carly. Octafish Apr 2015 #15
The highest taxes possible on Off Shore wealth. 95% sounds good to me. Or they sabrina 1 Apr 2015 #20
Whistleblowing on Wall Street: The untapped jackpot Octafish Apr 2015 #34
no way to legislate against reality? what an odd thing to say. Ed Suspicious Apr 2015 #26
You are 100% correct, Octafish. Enthusiast Apr 2015 #11
The Party of Davos Octafish Apr 2015 #14
A lot of the faithful tried to shrug off NAFTA. It's too late. Dems stand against workers, Romulox Apr 2015 #19
'Slow Motion Coup d'Etat' -- Information from Third World Traveler NAFTA-FTTA-CAFTA Page Octafish Apr 2015 #28
Big Bill Haywood (of the IWW) is no doubt considered a heretic round these parts (at least in KingCharlemagne Apr 2015 #22
Organized Labor recognized the reality of the situation and worked to bring real change. Octafish Apr 2015 #30
Indeed! 2banon Apr 2015 #23
Online: Joe Worker and the Story of Labor Octafish Apr 2015 #29
thanks Octafish! 2banon Apr 2015 #31
I know. Like management doesn't already have enough of an edge Populist_Prole Apr 2015 #35
TILT! Octafish Apr 2015 #36
Silly Rabbit. bvar22 Apr 2015 #38
Democracy's for kids. ''Every One That Doeth Evil Hateth the Light.'' Octafish Apr 2015 #39
DURec leftstreet Apr 2015 #41
^&r n/t Wilms Apr 2015 #42
Democrats need to have the common US citizens back proportionately. L0oniX Apr 2015 #43
Umm... They are management... Oktober Apr 2015 #44
kick. Great thread, Octafish. nt antigop Apr 2015 #45
K&R for the original post and subsequent informative posts and links. JEB Apr 2015 #46
 

NYC_SKP

(68,644 posts)
1. Thank Bill Clinton, the Bushes, and be damned careful who you support for 2016.
Mon Apr 27, 2015, 10:03 AM
Apr 2015

Last edited Mon Apr 27, 2015, 12:54 PM - Edit history (2)

Among any of the past presidents during my 58 years Obama is the only one who indicated the slightest respect for workers.

How?

While rebuilding our economy he championed a series of projects under the American Recovery and Reinvestment Act of 2009.

The number of jobs is debated, but 3.5 million is often cited as the number.

Whats more, we are finally hearing about workforce development programs and renewing respect for the trades and working class.

Now what happens in 2016, if we'll elect a known corporatist job-exporter or, instead, select a union-supporting passionate progressive remains to be seen.

K/R

Octafish

(55,745 posts)
3. Great points! Obama tried.
Mon Apr 27, 2015, 10:16 AM
Apr 2015

Pukes have a party pushing their policies and did all they could to resist Obama's efforts to create jobs -- a program he and Krugman, and the rest of the economists who said needed to be bigger, if anything.

JFK doesn't get the credit he deserves, IMO.

"If a free society cannot help the many who are poor, it cannot save the few who are rich"
-- Inaugural Address of John F. Kennedy, Friday, January 20, 1961




So, in the short time he had, President Kennedy did what he could to balance the interests of concentrated wealth with the interests of the average American -- necessary for the good of the country.

Professor Donald Gibson detailed the issues in his 1994 book, Battling Wall Street: The Kennedy Presidency.

From the book:



"What (J.F.K. tried) to do with everything from global investment patterns to tax breaks for individuals was to re-shape laws and policies so that the power of property and the search for profit would not end up destroying rather than creating economic prosperity for the country."

-- Donald Gibson, Battling Wall Street. The Kennedy Presidency



More on the book, by two great Americans:



"Gibson captures what I believe to be the most essential and enduring aspect of the Kennedy presidency. He not only sets the historical record straight, but his work speaks volumes against today's burgeoning cynicism and in support of the vision, ideal, and practical reality embodied in the presidency of John F. Kennedy - that every one of us can make a difference." -- Rep. Henry B. Gonzalez, Chair, House Committee on Banking, Finance, and Urban Affairs

"Professor Gibson has written a unique and important book. It is undoubtedly the most complete and profound analysis of the economic policies of President Kennedy. From here on in, anyone who states that Kennedy was timid or status quo or traditional in that field will immediately reveal himself ignorant of Battling Wall Street. It is that convincing." -- James DiEugenio, author, Destiny Betrayed. JFK, Cuba, and the Garrison Case --This text refers to an out of print or unavailable edition of this title.



Had he lived to serve a second term, I'd bet on JFK over The Fed and the repukes, wherever they may have been.

jwirr

(39,215 posts)
13. I have many memories of JFK but one of my favorite was the day he called the big 3 Steel bosses
Mon Apr 27, 2015, 11:50 AM
Apr 2015

into his office and forced them to deal with worker issues. That was a great victory.

Octafish

(55,745 posts)
18. 'My father always told me that all businessmen were sons of bitches...never believed it until now.''
Mon Apr 27, 2015, 12:16 PM
Apr 2015


JFK and Steel, Bush and Oil

by Rex Bradford
2 Sep 2008

"You know, if there was a magic wand to wave, I’d be waving it, of course. I strongly believe it’s in our interest that we reduce gas prices, gasoline prices. … No, I think that if there was a magic wand, and say, okay, drop price, I’d do that. … But there is no magic wand to wave right now." - President George W. Bush, 4-29-2008

"The simultaneous and identical actions of United States Steel and other leading steel corporations increasing steel prices by some six dollars a ton constitute a wholly unjustified and irresponsible defiance of the public interest." - President John F. Kennedy, 4-11-1962


With the cost of gasoline passing $4 per gallon at its peak this summer, those campaigning for President debated whether the U.S. Government should suspend the federal gas tax, pegged at a modest 18.4 cents per gallon since 1993. Noting that most of this money goes into the federal highway trust fund, opponents ridiculed the idea. But what was most remarkable, at a time of record oil industry profits, was the near-universal agreement that the federal government simply had no reasonable options to consider. Regardless of one's stance on free markets and economics, it is a breathtaking example of how much this country has changed in the 46 years since John F. Kennedy took on the steel industry and in three days forced them to roll back price increases which, he said, were in defiance of something we hear less and less about: the public interest.

In 1962, the steel industry occupied a position similar in the American economy to that of the oil industry today. The post-war expansion which brought the interstate highway system, suburban living, and the rise of the airline and automaking industries was dependent on steel as its primary ingredient. Steel was so important that when a nationwide strike was threatened during the Korean War in 1952, President Truman attempted to seize the mills. Even Republican President Eisenhower intervened with the industry in 1959 to hold the line on prices as well as labor costs.

SNIP...

Though the Kennedy administration had never directly asked the steel industry to hold prices, regarding that as improper, Kennedy and his advisors clearly felt there was a tacit agreement, and that they had been double-crossed. Coming right on the heels of the signed labor contract, the announcement seemed to be a deliberate attempt to tell the Democratic President that he didn't tell American business what to do. The stakes were higher than a simple personal affront; the importance of steel in the economy meant the high likelihood that the price increase would trigger further price jumps across many sectors, and kick off a new round of inflation. Kennedy was furious, telling advisors:

"My father always told me that all businessmen were sons of bitches, but I never believed it until now."


The Steel Crisis, written by Roy Hoopes in 1963 before Kennedy's assassination, offers more than a day-by-day account of the three days in which JFK stared down Big Steel. For modern readers, it is also a reminder of how different America has become since 1962. The importance of labor unions in the American economy and political system is taken for granted, something that might puzzle a younger reader of the book. The president speaks openly of ours being a "mixed economy," a term that has gone out of favor as the free market ideology has crowded out all others. Perhaps most anachronistic are Kennedy's repeated references to the "public interest" as a factor to be weighed in the major economic decisions of the day.

Of course, the business sector didn't like such talk any more in the 1960s than it does today. In the aftermath of the crisis, U.S. News stated that "A planned economy, directed from Washington, is what Mr. Kennedy now has in mind." One steel company executive complained "This is a sustained attack on the free enterprise system. It may be all all-out war."

CONTINUED...

http://www.maryferrell.org/pages/JFK_and_Steel_Bush_and_Oil.html



PS: Great memory, yours, jwirr. Not many still remember "The Public Interest," thanks to six corporations runing the entertainment division of War Inc.

1939

(1,683 posts)
21. JFK
Mon Apr 27, 2015, 12:26 PM
Apr 2015

"So, in the short time he had, President Kennedy did what he could to balance the interests of concentrated wealth with the interests of the average American -- necessary for the good of the country."

Like lowering the peak income tax rate from 91% to 70%?


"Had he lived to serve a second term, I'd bet on JFK over The Fed and the repukes, wherever they may have been."

With substantial Democratic majorities in both the House and Senate, JFK's legislative success was minimal. It was only after his assassination and LBJ taking over that legislation began to move. JFK was a good speaker, but a lousy tactician in moving congress. LBJ knew how to pull together functioning majorities for all of his important bills.

Erich Bloodaxe BSN

(14,733 posts)
2. I'll tip, but what helps labour DOES help management, whether they agree or not.
Mon Apr 27, 2015, 10:16 AM
Apr 2015

By making companies more long-term sustainable and keeping a domestic market for their products.

Problem is, the reverse isn't true. Helping management doesn't automatically help labour.

So even if Dems 'want to help management', the way they should do that is by helping labour.

Octafish

(55,745 posts)
4. Thank you for the information. Help becomes a Catch-22.
Mon Apr 27, 2015, 10:19 AM
Apr 2015

The same labor pool, FWIW, built the Arsenal of Democracy and then manned it, laying down their lives to keep the USA a democracy. Funny how fast management forgot that, as they've moved jobs and profits offshore.

antigop

(12,778 posts)
5. Hillary: "Outsourcing will continue..."
Mon Apr 27, 2015, 10:29 AM
Apr 2015
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/07/AR2007090702780.html

When Sen. Hillary Rodham Clinton flew to New Delhi to meet with Indian business leaders in 2005, she offered a blunt assessment of the loss of American jobs across the Pacific. "There is no way to legislate against reality," she declared. "Outsourcing will continue. . . . We are not against all outsourcing; we are not in favor of putting up fences."



So which outsourcing IS she against? And who is "we"? The DLC/Third Way/Corporate Dems?

Octafish

(55,745 posts)
6. That really bothers me, in a very specific way.
Mon Apr 27, 2015, 10:59 AM
Apr 2015

From DU2:

Handy Guide to Bill and Hillary Clinton's Outsourcing Industry links and contributions

The Party doesn't need a purge as much as it needs reeducation -- meaning the leaders need to remember what it means to be a Democrat. If they don't see why -- money or no money -- then we need re-tooling.

Octafish

(55,745 posts)
16. What Renato Ruggiero said...
Mon Apr 27, 2015, 12:08 PM
Apr 2015

... the first director of WTO: "We are no longer writing the rules of interaction among separate national economies. We are writing the constitution of a single global economy."

-- http://unctad.org/en/pages/PressReleaseArchive.aspx?ReferenceDocId=3607

 

NYC_SKP

(68,644 posts)
17. And it is precisely what is happening. New World Order is not a conspiracy theory.
Mon Apr 27, 2015, 12:13 PM
Apr 2015

It's a trend, seen as inevitable by some, but it's happening before our very eyes.

I miss the way European countries all had different monies, I'm glad I toured when I did.

As time goes on it will be one big mess of Walmarts and a Walmart employee class with a very wealthy 1% enjoying the perks provide by the rest of us.

Bill Clinton was a part of it and the Bushes, and now Hillary.

Let there be no doubt, she's in deeper than Bill.

Octafish

(55,745 posts)
33. Global Trade -- Globalisation -- is the means to that fascistic end.
Mon Apr 27, 2015, 03:03 PM
Apr 2015

It isn't democracy when only the rich people can participate, let alone be heard or have their votes counted.

pampango

(24,692 posts)
37. The NWO. It's not just a rightwing CT anymore.
Mon Apr 27, 2015, 03:46 PM
Apr 2015

Its popularization among conspiracy theorists can be traced to over thirty years ago when "New World Order" appeared in the 1972 book None Dare Call It Conspiracy by Gary Allen, a John Birch Society writer. ... This book was widely read in right-wing conspiracy-minded circles during the 1970s and is probably the source of the hysteria that later erupted over the term.

The New World Order conspiracy started as an extension of old John Birch Society conspiracy theories about the role of the United Nations. This theory claimed that the United Nations was merely a tool of the Communists, and that the end goal was the complete subjugation of the United States to the United Nations. This would then set up a world government in which all of the freedoms that Americans hold dear would be abolished. Usually, top American officials were claimed to be in on the conspiracy.

Supporters of this theory can say to a certain degree who is part of it but nobody can determine who isn't part of the NWO. International organizations such as the World Bank, IMF, European Union, the United Nations, and NATO are often listed as core NWO organizations.

The conspiracy theory remained marginal until the 1990s, and the growth of the Internet. At that point, the theorists started to see Bill Clinton as the biggest pawn of the NWO. The events at both Ruby Ridge and Waco were considered part of the attempt to remove American liberties pursuant to an eventual takeover by either FEMA or the UN. During this era, the theory was most closely connected to certain paleoconservatives, and to the burgeoning militia movement. Pat Robertson gave a boost to belief in the theory with his 1992 book The New World Order.

In the most recent, more liberal version, instead of the UN taking sovereignty away from the US, the US (through the UN) plans to conquer the entire world. The wars in Iraq and Afghanistan are thus believed to be the first stages in that plan. In this version, it is the neocons who are the masters behind the NWO. An adherent to this theory is Latin-American rapper Immortal Technique. Another version of this from the left stems from the anti-globalization movement, in which transnational corporations will implement global corporate governance. This form of the conspiracy is where left and right often bleed together as right-wing populist and producerist views oppose globalization as well. This can be seen in third positionism and the political campaigns of Lyndon LaRouche.

http://rationalwiki.org/wiki/New_World_Order

The American far-right still wants the US out of the UN for fear of an NWO. They also see NAFTA as the first step towards a North American Union which is closely tied to the NWO, disappearance of the nation-state, fear.

Octafish

(55,745 posts)
40. ''We must believe that it is the darkest before the dawn of a beautiful new world.
Mon Apr 27, 2015, 05:45 PM
Apr 2015

We will see it when we believe it." -- Saul Alinsky

“Each of us has the hope to build a New World Order.” -– President Richard Nixon, Hangzhou, China, February 1972

“We will succeed in the Gulf. And when we do, the world community will have sent an enduring warning to any dictator or despot, present or future, who contemplates outlaw aggression. The world can therefore seize this opportunity to fufill the long-held promise of a new world order – where brutality will go unrewarded, and aggression will meet collective resistance.” -– President George HW Bush, State of the Union Address 1991

“How I Learned to Love the New World Order” -– article by Sen. Joseph R. Biden, Jr. Wall Street Journal, April 1992

“The Final Act of the Uruguay Round, marking the conclusion of the most ambitious trade negotiation of our century, will give birth – in Morocco – to the World Trade Organization, the third pillar of the New World Order, along with the United Nations and the International Monetary Fund.” -- Government of Morocco, advertisement, New York Times, April 1994

“Since the Gulf War, since the new World Order, America is now the number one arms dealer in the world.” -– Rob Walton

“The ‘affirmative task’ before us is to “create a New World Order.” -- VP Joe Biden, speech Import Export Bank, April 5, 2013

“If the United Nations once admits that international disputes can be settled by using force, then we will have destroyed the foundation of the organization and our best hope of establishing a world order.” -— Dwight D. Eisenhower

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson.” -— Franklin D. Roosevelt, letter to Col. House, November 21, 1933

And here we are. There are many, many more examples (my personal favorite is Barbara Bush referring to a "brave new world order" thing,) but, more than the quote, the idea is what matters: Money and Power are being employed, not for democracy or the good of We the People, but for the betterment, enrichment and use by a tiny minority, the one percent of one percent. Not only is that undemocratic and un-American, it would be a crime if they didn't own the Supreme Court, too.

 

NYC_SKP

(68,644 posts)
7. Exactly. Sadly, we are attacked here for pointing out the facts.
Mon Apr 27, 2015, 11:20 AM
Apr 2015

It's like pointing out an oncoming shark while we're in a lifeboat and being hit on the head with an oar.

WTF?

Dustlawyer

(10,495 posts)
10. Many Democrats do not want to face the truth that our politicians can be bought for campaign cash
Mon Apr 27, 2015, 11:39 AM
Apr 2015

just like Republicans. They choose to ignore or make excuses for Obama's Wall Street appointments, lack of prosecution of banks, TPP support, drilling, letting BP off the hook... Hillary supporters are the same way. Socially liberal policies that their corporate masters don't care about are enacted to throw us a bone or two, but the financial sector and their profits are protected at every turn.
People like Senator Sanders are marginalized EVERYTIME he is mentioned when his policies are what the 99% and this country need. Many like to make fun of the idiots that are brainwashed by Fox, but cannot see that they themselves are being used and manipulated. Will I vote for Hillary if she is the nominee, yes. Is she still the puppet of Wall Street, MIC, and other corporate interests, yes. Having to vote for the lesser of two evils is still doing evil!

 

NYC_SKP

(68,644 posts)
12. Or that they became multimillionaires in just a few years by, well, I guess it's just magic.
Mon Apr 27, 2015, 11:44 AM
Apr 2015

For the Clintons.

Octafish

(55,745 posts)
15. Almost wish Nixon were around to sic the IRS on unctuous Carly.
Mon Apr 27, 2015, 12:03 PM
Apr 2015

In the meantime, underreported news an idea for Justice for Rightshoring:



Check Out Who's Hiding $32 Trillion in Offshore Tax Haven Accounts

EXCERPT...

Some $32 trillion has been hidden in small island banking hubs which host a bevy of trust funds, shell corporations and other tax havens, the Tax Justice Network estimates.

SNIP...

The information is still being sifted through, even as it's being released to the public, but here's some of what's been found so far:

■American Denise Rich, ex-wife of pardoned tax cheat Marc Rich, has been uncovered as the settlor and beneficiary of two large trusts based in the tiny Cook Islands. The ICIJ found that Denise Rich gave up her American citizenship in 2012. Her citizenship was convenient enough when President Clinton had the authority to pardon her ex-husband.
■French President Francois Hollande, ardent socialist and tireless champion of the 75% marginal tax rate, appears in these documents, mostly by association. His campaign co-treasurer, Jean-Jacques Augier, has been forced to reveal the name of his Chinese business partner in a Caymans-based distribution company. Augier says he used his offshore company to make a large investment in China.
■Australian actor Paul Hogan, of "Crocodile Dundee" fame, has lost about $35.3 million from an account that he used to offshore his "bonza" film royalties. His once-trusted tax adviser Philip Egglishaw ran off with Hogan's sizeable hidden offshore stash.
■French banking scion Elie de Rothschild, of the famous banking family, has been named in the leaks. He was instrumental in setting up some 20 trusts and 10 holding companies in the Cook Islands, all extremely opaque in nature. His heirs have, not surprisingly, refused comment.
■Brigitte Bardot's third ex-husband, Gunter Sachs, a millionaire industrialist, has been revealed as the owner of a huge, obscure wealth-masking machine: trust upon shell company upon holding company, almost ad infinitum, mostly based in the Cook Islands. The ICIJ has constructed an interactive map of Sachs' extensive offshore holdings and business networks. The network is fairly representative of the steps that many on this list have taken to hide their wealth away. You can marvel at its imponderable complexity here.


And these names are barely the tip of the iceberg. The shockwaves have already begun to spread through the corridors of wealth and power all over the world.

How Much is $32 Trillion?

It bears repeating: $32 trillion has been stashed away, off the books, by corporations and wealthy individuals.

CONTINUED...

http://www.marketoracle.co.uk/Article40250.html



Offshore loot also represents money made from trafficking in drugs, guns and people. So...what can we do about it?



On My Mind

Tax Offshore Wealth Sitting In First World Banks

James S. Henry
07.01.10, 09:00 AM EDT
Forbes Magazine dated July 19, 2010

Let's tax offshore private wealth.

How can we get the world's wealthiest scoundrels--arms dealers, dictators, drug barons, tax evaders--to help us pay for the soaring costs of deficits, disaster relief, climate change and development? Simple: Levy a modest withholding tax on untaxed private offshore loot.

Many aboveground economies around the world are struggling, but the economic underground is booming. By my estimate, there is $15 trillion to $20 trillion in private wealth sitting offshore in bank accounts, brokerage accounts and hedge fund portfolios, completely untaxed.

SNIP...

This wealth is concentrated. Nearly half of it is owned by 91,000 people--[font color="green"]0.001% of the world's population[/font color]. Ninety-five percent is owned by the planet's wealthiest 10 million people.

SNIP...

Is it feasible? Yes. The majority of offshore wealth is managed by 50 banks. As of September 2009 these banks accounted for $10.8 trillion of offshore assets--72% of the industry's total. The busiest 10 of them manage 40%.

CONTINUED....

http://www.forbes.com/forbes/2010/0719/opinions-taxation-tax-havens-banking-on-my-mind.html



Not only would that money balance the budget, erase the debt and fix the nation and world's problems from hunger and homeless to energy and education; it would free humanity to do better things than make war all the time.

sabrina 1

(62,325 posts)
20. The highest taxes possible on Off Shore wealth. 95% sounds good to me. Or they
Mon Apr 27, 2015, 12:21 PM
Apr 2015

can keep in the US and lower their tax burden by a few % points.

These people do not care about this country.

They are money hoarders. They are scooping up money from this country and hiding it offshore.

But there is little chance of stopping this at the moment. Anyone who tries is likely to find themselves without a job.

Octafish

(55,745 posts)
34. Whistleblowing on Wall Street: The untapped jackpot
Mon Apr 27, 2015, 03:15 PM
Apr 2015

That is a most interesting idea, yours, sabrina 1: We're talking around $32 Trillion, or at least its liquid equivalence. That's a lot of money -- not Rolexes or yachts or Ford Fiestas or meals at MickeyD's -- sitting in someone's Swiss bank account. For some reason, Bradley Birkenfield, one of the whistleblowers who told us about that had to go to jail.



Whistleblowing on Wall Street: The untapped jackpot

Jordan Thomas, former SEC lawyer
CNBC.com, Wednesday, 3 Dec 2014

Seems like everywhere you turn these days, there's a whistleblower breaking their silence and blowing the whistle on some form of wrongdoing. But, surprisingly, what we don't hear much about are Wall Street whistleblowers tapping into a giant $425 million jackpot just waiting to be distributed.

EXCERPT...

For those inside and outside Wall Street firms, who are aware of violations, the program can pay off like the lottery, but with much better odds (and no required photo op with a large check). Even analysts and short sellers are now getting in on the game by alerting the SEC to fraud at public companies.

In Labaton Sucharow's annual Wall Street ethics survey last year, we found that 52 percent of financial-service professionals believed that their competitors engaged in illegal or unethical behavior and 23 percent of respondents had firsthand knowledge of wrongdoing in their workplace. But a far higher percentage — nearly 90 percent — indicated a willingness to report possible wrongdoing if given the protections and incentives offered by the SEC Whistleblower Program.

Since the program's inception in late 2010 through the end of fiscal year 2014, the SEC Whistleblower Program received more than 10,000 tips and granted 15 monetary awards. Using these statistics, the average SEC whistleblower had a 1/680 chance of winning. Compared with the one-in-a-million type of odds associated with the typical lottery, those odds are pretty good. Significantly, the odds of receiving an award is likely to be far better in the future because SEC investigations often take two to four years to complete and many of the initial tips to the program are still being investigated.

Of course, unlike the lottery, there is nothing random about an SEC whistleblower reward and whistleblowers who are sophisticated and represented by legal counsel can improve their odds. Prior to submitting their tips, smart whistleblowers determine their eligibility and whether a securities violation has occurred. After submitting their tips, these whistleblowers also assist the SEC staff and other law enforcement officials with their investigative efforts. And, if an eligible whistleblower's tip leads to a successful enforcement action, the SEC is required by law to pay that individual 10 percent to 30 percent of monetary sanctions it collects, as long as the sanction is above $1 million. By way of context, the SEC secured over $3.4 billion in monetary sanctions in fiscal year 2014 with several cases exceeding $100 million.

For whistleblowers who fear retaliation and blacklisting, if represented by an attorney, the SEC Whistleblower Program permits them to report possible securities violations anonymously. Equally important, the SEC has new authority to charge firms with retaliating against whistleblowers, as it recently did against a prominent hedge fund, Paradigm Capital Management.

CONTINUED...

http://www.cnbc.com/id/102236599



$42 Trillion would pay off the national debt, end poverty, rebuild the economy and re-do the energy grid, globally.

Ed Suspicious

(8,879 posts)
26. no way to legislate against reality? what an odd thing to say.
Mon Apr 27, 2015, 12:48 PM
Apr 2015

Legislation informs, influence. . . creates reality. If notlegislate against reality, what the he'll is the point of law? It seems that the point of legislation is to address the problems presented by a lawless reality. That she said what she did is blowing my mind.

Octafish

(55,745 posts)
14. The Party of Davos
Mon Apr 27, 2015, 11:56 AM
Apr 2015

by Jeff Faux
www.thenation.com/, February 13, 2006/ via ThirdWorldTraveler.com

EXCERPT...

Americans are of course prominent members of this "Party of Davos," which relies on the financial and military might of the US superpower to support its agenda. In exchange, the American members of the Party of Davos get a privileged place for their projects--and themselves. Whether it's at Davos, at NATO headquarters or in the boardroom of the International Monetary Fund, heads turn and people listen more carefully when the American speaks.

"Davos Man," a term coined by nationalist scholar Samuel Huntington, is bipartisan. To be sure, Democrats tend to be more comfortable with the forum's informal seminar-style and big-think topics like global poverty, cultural diversity and executive stress. Bill Clinton goes often, and Al Gore, John Kerry, Robert Rubin, Madeleine Albright, Joe Biden and other prominent Democrats are familiar faces. Republicans generally prefer more private venues. George W. Bush, of course, doesn't do anything unscripted. But people like Dick Cheney, Newt Gingrich, John McCain and Condoleezza Rice have all worked the Davos circuit.

That the global economy is developing a global ruling class should come as no shock. All markets generate economic class differences. In stable, self-contained national economies, where capital and labor need each other, political bargaining produces a social contract that allows enough wealth to trickle down from the top to keep the majority loyal. "What's good for General Motors is good for America," Dwight Eisenhower's Defense Secretary famously said in the 1950s. The United Auto Workers agreed, which at the time seemed to toss the notion of class warfare into the dustbin of history.

But as domestic markets become global, investors increasingly find workers, customers and business partners almost anywhere. Not surprisingly, they have come to share more economic interests with their peers in other countries than with people who simply have the same nationality. They also share a common interest in escaping the restrictions of their domestic social contracts.

The class politics of this new world economic order is obscured by the confused language that filters the globalization debate from talk radio to Congressional hearings to university seminars. On the one hand, we are told that the flow of money and goods across borders is making nation-states obsolete. On the other, global economic competition is almost always defined as conflict among national interests. Thus, for example, the US press warns us of a dire economic threat from China. Yet much of the "Chinese" menace is a business partnership between China's commissars, who supply the cheap labor, and America's (and Japan's and Europe's) capitalists, who supply the technology and capital. "World poverty" is likewise framed as an issue of the distribution of wealth between rich and poor countries, ignoring the existence of rich people in poor countries and poor people in rich countries.

CONTINUED...

http://www.thirdworldtraveler.com/Ruling_Elites/Party_Davos.html

That was from 2006 -- before the crash and the Great Bankster Bailout. Who got made whole, 100-cents on the dollar? Who got bankrupted and tossed from their homes?

Most importantly: Thank you, Enthusiast. The things I do "for attention."

Romulox

(25,960 posts)
19. A lot of the faithful tried to shrug off NAFTA. It's too late. Dems stand against workers,
Mon Apr 27, 2015, 12:18 PM
Apr 2015

and they've done so since the mid-90s, if not earlier.

Octafish

(55,745 posts)
28. 'Slow Motion Coup d'Etat' -- Information from Third World Traveler NAFTA-FTTA-CAFTA Page
Mon Apr 27, 2015, 12:50 PM
Apr 2015

Regulating Governments, De-regulating Business; expanding personhood with a Bill of Corporate Rights...



Slow Motion Coup d'Etat

Global Trade Agreements and the Displacement of Democracy

by Lori Wallach

Multinational Monitor, January/February 2005

EXCERPT...

REGULATING GOV'T, DEREGULATING BUSINESS

International commercial agreements, like WTO and NAFTA, include a broad deregulatory agenda, slashing food safety, environmental and other public interest protections by labeling them "illegal trade barriers" that must be eliminated. These pacts also promote commodification of common resources by, for instance, requiring signatory countries to issue patents on plant varieties or traditional medicinal plant uses so that the planet's natural biodiversity and the 4? X common heritage of the planet's people can be transformed into tradable units of property for The WTO and NAFTA rules covering the service sector operate to transform services like healthcare, education, electricity and other basic utility essentials into commodities by encouraging broad privatization and deregulation. The WTO and NAFTA establish a right for foreign corporations to own, operate or establish an unlimited array of providers of such critical services, which now are often either provided by governments or via highly regulated monopolies.

The agreements also create new protections for corporations, for instance by requiring all signatory nations to establish new monopoly-style, intellectual property rights (patents, copyrights) for a vast array of knowledge and items from seeds and plant varieties to medicines - many of which are otherwise available for unrestricted use. In exporting the U.S. monopoly patenting system which has contributed to high drug prices, the WTO and NAFTA's intellectual property rules undercut poor countries' capacity to make essential medicines available to their populations.

These trade agreements established new rights for foreign investors to operate, while limiting governments' authority to set the terms of such foreign investment to ensure that it benefits residents of the host country not just the foreign investor. For instance, the special privileges granted foreign investors under NAFTA forbid countries from using capital controls to avoid currency crashes during economic crises, even though such policy instruments have proven time and again to be vital for avoiding economic meltdowns. Both NAFTA and the WTO contain foreign investment protections that forbid governments from using the policies such as requiring that manufactured goods include a percentage of domestic content, or that a percentage of products be exported - that were essential components of the industrial policies employed by the fast-growing Asian economies. Indeed, no country has moved from poverty except by employing the very policies forbidden by WTO and NAFTA. Thus it is not surprising, if horrifying, that grinding poverty has worsened in many developing countries that followed the WTO/International Monetary Fund model most faithfully, while countries like China, Vietnam and Malaysia that have either remained outside the WTO or selectively implemented its terms, have grown dramatically, bringing many to a better standard of living.

In yet another torturous twist, NAFTA and the WTO protect subsidies given to agribusiness for exporting commodities, while certain domestic subsidies to support small farms or ensure food sovereignty are characterized as "illegal trade distortions."

All of these new corporate rights are enforced by a new, powerful and binding dispute resolution system unlike anything from any past trade agreement or included in environmental, human rights or other treaties. A key WTO provision requires nations to "ensure conformity of their laws, regulations and administrative procedures" to the WTO's terms.

Any national or local policy of a WTO or NAFTA signatory nation that falls outside WTO or NAFTA's terms even if it has nothing to do with trade per se is challengeable as an "illegal trade barrier" before a WTO or NAFTA tribunal. These panels are comprised of three trade officials meeting behind closed doors. Nations whose policies are judged not to conform to WTO or NAFTA rules are ordered to eliminate them or face permanent trade sanctions.

A CORPORATE BILL OF RIGHTS

While both WTO and NAFTA represent an audacious power grab, many of the rules of NAFTA are considerably more extreme than the rules of the WTO.

Because WTO negotiations included scores of countries - including some progressive European nations and many large developing countries such as India and Brazil - it was possible to generate a critical mass of push-back against some of the most extreme proposals emanating from the Reagan administration.

In contrast, the power imbalance inherent in the U.S. relationship with Mexico and Canada meant that NAFTA was more of a dictation than a negotiation, and the first Bush Administration was able to insert into NAFTA the most complete and extreme version of the corporate-friendly agenda it favored. NAFTA is considered the gold standard for mechanisms furthering corporate globalization because it includes service sector privatization and deregulation, government procurement deregulation and foreign investor protections that go well beyond the WTO's rules on these issues.

For instance, NAFTA requires signatory countries to provide foreign investors a much more expansive list of new privileges than is required under WTO rules, including privileges that extend beyond the property rights guaranteed by the U.S. Constitution. NAFTA gives foreign investors the right to be compensated for the costs domestic environmental or health regulations applicable to all businesses might pose to their expected future profits, for example.

Under NAFTA, foreign corporations and investors are empowered to privately enforce these new privileges and rights where the WTO renders all disputes between governments. NAFTA contains a mechanism allowing foreign investors to sue signatory governments in private NAFTA tribunals demanding cash compensation for government policies that do not satisfy the NAFTA-guaranteed minimum standard of treatment for foreign companies.

Neither Congress nor the public must be given notice of these NAFTA investor cases, so it is unclear how many have been filed. However, more than 40 cases are known to date and several have been decided.

In one case, the government of Mexico paid Metalclad, a U.S. toxic waste company, $16 million in damages after a NAFTA tribunal ruled that a Mexican municipality's refusal to grant a construction permit for a toxic waste treatment facility in an environmentally sensitive area violated Metalclad's NAFTA investor rights.

In another case, Canada paid the U.S. corporation Ethyl $12 million in compensation and reversed a ban on a toxic gasoline additive called MMT after Ethyl filed a NAFTA challenge.

Not even international environmental and human rights treaties are free from these attacks: in another case, a U.S. corporation called S.D. Meyers received millions in compensation after a NAFTA tribunal ruled that Canada's implementation of the Basel Convention, an international treaty on the handling of toxic waste, had limited S.D. Meyer's business opportunities in PCB toxic waste disposal trade.

In pending actions, a Canadian tobacco company has challenged the tobacco settlements made by assorted U.S. states as a disadvantage to their expected market share in the United States. And a Canadian mining company has just filed a claim for $300 million against the U.S. government because California denied it a permit to dig an open-pit mine on land deemed sacred by a California Indian tribe.

Meanwhile, an array of U.S. health and environmental policies have been weakened to meet WTO or NAFTA rules: imported meat is now permitted even if the foreign plants in which it is processed do not meet U.S. safety standards; U.S. Clean Air Act regulations, dolphin-safe tuna labeling and Endangered Species Act have all been successfully attacked in trade tribunals - meaning dirtier gasoline was allowed for sale in the most polluted cities and that dolphin-safe labels on tuna cans no longer means no dolphins were killed in the tuna harvest.

CONTINUED...

http://www.thirdworldtraveler.com/NAFTA_FTAA/Coupd%27Etat_NAFTA_CAFTA.html



Lots of information and history that Corporate McPravda ignores and the Have-Mores prefer we never know or remember:

http://www.thirdworldtraveler.com/NAFTA_FTAA/NAFTA_FTAA.html

All the articles at the above are way before anyone even heard that "TPP is NAFTA on steroids."
 

KingCharlemagne

(7,908 posts)
22. Big Bill Haywood (of the IWW) is no doubt considered a heretic round these parts (at least in
Mon Apr 27, 2015, 12:28 PM
Apr 2015

some quarters), but his words still ring true:

"When one man has a dollar he hasn't worked for, some other man is missing a dollar he did work for."

Octafish

(55,745 posts)
30. Organized Labor recognized the reality of the situation and worked to bring real change.
Mon Apr 27, 2015, 12:55 PM
Apr 2015

Thank you for the Big Bill Haywood quote.



Wisdom shared saves much heartbreak and time.

Populist_Prole

(5,364 posts)
35. I know. Like management doesn't already have enough of an edge
Mon Apr 27, 2015, 03:22 PM
Apr 2015

I welcome the civil war in the party btween the populists and the third-wayers.

Octafish

(55,745 posts)
36. TILT!
Mon Apr 27, 2015, 03:45 PM
Apr 2015

On the top side are the Have-Mores, who'll be moving the ball downhill at full gallop. On the lower side, wearing wooden barrels and iron shackles, are the Have-Nots, who wonder why the smiling Referees came to the game on the team bus with the Have-Mores.



The reason I fear Globalists more than Terrorists and USA and Planet Earth should, too.



The worst thing a terrorist can do is kill a person. The globalists are working to kill democracy.

Greg Palast outlined the financial part of the process:



Larry Summers and the Secret "End-Game" Memo

Greg Palast
Thursday, August 22, 2013

EXCERPT...

The Memo confirmed every conspiracy freak's fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

SNIP…

The answer conceived by the Big Bank Five: eliminate controls on banks [font color="green"]in every nation on the planet – in one single move.[/font color] It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement, an abstruse and benign addendum to the international trade agreements policed by the World Trade Organization.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods–that is, my cars for your bananas. The new rules ginned-up by Summers and the banks would force all nations to accept trade in "bads" – toxic assets like financial derivatives.

Until the bankers' re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives "products."

[font color="green"]And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.[/font color]

The job of turning the FSA into the bankers' battering ram was given to Geithner, who was named Ambassador to the World Trade Organization.

CONTINUED...

http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/



In other words, turn us taxpaying mopes into slaves continually bailing out crooks. No wonder they love TPP and all the rest over the horizon!

But that's not the biggest reason why we should fear the Globalists. It's how they make a killing: Off War. Which, thanks to modern spycraft cough ELINT means inside trading, er information. Sad that in the process 99-percent of the American people have to cut back so the wealthiest and most corrupt people on the planet can make themselves even wealthier through the most evil system of all, one where "Money Trumps Peace" and secret government works to carry out that process 24/7/366.



Behind the Curtain: Booz Allen Hamilton and its Owner, The Carlyle Group

Written by Bob Adelmann
The New American; June 13, 2013

According to writers Thomas Heath and Marjorie Censer at the Washington Post, The Carlyle Group and its errant child, Booz Allen Hamilton (BAH), have a public relations problem, thanks to NSA leaker and former BAH employee Edward Snowden. By the time top management at BAH learned that one of their top level agents had gone rogue, and terminated his employment, it was too late.

For years Carlyle had, according to the Post, “nurtured a reputation as a financially sophisticated asset manager that buys and sells everything from railroads to oil refineries”; but now the light from the Snowden revelations has revealed nothing more than two companies, parent and child, “bound by the thread of turning government secrets into profits.”

And have they ever. When The Carlyle Group bought BAH back in 2008, it was totally dependent upon government contracts in the fields of information technology (IT) and systems engineering for its bread and butter. But there wasn't much butter: After two years the company’s gross revenues were $5.1 billion but net profits were a minuscule $25 million, close to a rounding error on the company’s financial statement. In 2012, however, BAH grossed $5.8 billion and showed earnings of $219 million, nearly a nine-fold increase in net revenues and a nice gain in value for Carlyle.

Unwittingly, the Post authors exposed the real reason for the jump in profitability: close ties and interconnected relationships between top people at Carlyle and BAH, and the agencies with which they are working. The authors quoted George Price, an equity analyst at BB&T Capital: "[Booz Allen has] got a great brand, they've focused over time on hiring top people, including bringing on people who have a lot of senior government experience." (Emphasis added.)

For instance, James Clapper had a stint at BAH before becoming the current Director of National Intelligence; George Little consulted with BAH before taking a position at the Central Intelligence Agency; John McConnell, now vice chairman at BAH, was director of the National Security Agency (NSA) in the ‘90s before moving up to director of national intelligence in 2007; Todd Park began his career with BAH and now serves as the country's chief technology officer; James Woolsey, currently a senior vice president at BAH, served in the past as director of the Central Intelligence Agency; and so on.

BAH has had more than a little problem with self-dealing and conflicts of interest over the years. For instance in 2006 the European Commission asked the American Civil Liberties Union (ACLU) and Privacy International (PI) to investigate BAH’s involvement with President George Bush’s SWIFT surveillance program, which was viewed by that administration as “just another tool” in its so-called “War on Terror.” The only problem is that it was illegal, as it violated U.S., Belgian, and European privacy laws. BAH was right in the middle of it. According to the ACLU/PI report,

[font color="green"]Though Booz Allen’s role is to verify that the access to the SWIFT data is not abused, its relationship with the U.S. Government calls its objectivity significantly into question. (Emphasis added.)

Among Booz Allen’s senior consulting staff are several former members of the intelligence community, including a former Director of the CIA and a former director of the NSA.[/font color]


As noted by Barry Steinhardt, an ACLU director, “It’s bad enough that the (Bush) administration is trying to hold out a private company as a substitute for genuine checks and balances on its surveillance activities. But of all companies to perform audits on a secret surveillance program, it would be difficult to find one less objective and more intertwined with the U.S. government security establishment.” (Emphasis added.)

CONTINUED w Links n Privatized INTEL...

http://www.thenewamerican.com/usnews/crime/item/15696-behind-the-curtain-booz-allen-hamilton-and-its-owner-the-carlyle-group



Do you believe that this information is used for public good or private gain?

The answer is found in what we can see above-ground: The "Who Benefits?" part, that is Who controls that information which translates into political power and physical wealth and their , uh, un-democratic distribution.

For much of the 35 years, it's been politicians on the Trickle Down side of life. Their record is that of the latter: Wars without end for profits without cease. And, so far, they have cared who got killed in the process.

It also explains the common thinking of the benefits of keeping that same War Spy Apparatus turned and focused on the American people.



Jeb Bush: 'I don't understand' why anyone is upset about the NSA

The Week, February 19, 2015

Likely GOP presidential candidate Gov. Jeb Bush is eager to distinguish between himself and his ex-president father and brother. But comments he made on Wednesday about the creepy spying practices of the NSA suggest he shares their support for a robust surveillance state:

(T)he NSA metadata program... contributes to awareness of potential terrorist cells and interdiction efforts on a global scale. For the life of me, I don't understand [how] the debate has gotten off track, where we're not understanding and protecting — we do protect our civil liberties, but this is a hugely important program to use these technologies to keep us safe. (National Journal)

Despite Bush's confident assessment of the effectiveness of the NSA, reports suggest the mass surveillance program "ha(s) no discernible impact" in preventing terrorism. Bonnie Kristian

SOURCE: http://theweek.com/speedreads/540090/jeb-bush-dont-understand-anyone-upset-about-nsa



Jebthro and the BFEE have served to create the fusion of state power and private wealth Mussolini described. Doubt that, consider how national priorities have changed. President Kennedy used every minute in office to keep the peace. Today, academics are getting with the program for wars without end for profit without cease. And to make sure that money flow continues uninterrupted, the moneyed class have corrupted the government of the United States and governments the planet over to continue their reign themselves the wealthiest -- and now that money is speech-n-all -- the most POWERFUL people to ever live.

Unfortunately, with all that secret government oaths and pledges and courts-martial under the UCMJ leading to prison and worse, it becomes easy to see why this stays out of the Mighty Wurlitzer. The people who can tell us about it are under an oath of secrecy and will lose their pensions if they talk about who benefits from all the secret government power.

Finally, because they never are held to account for their corruption -- by justice, government, press, or academia – the Bushes and the War Party for whom they front continues to prey on America and the planet. Looting the planet’s riches and the People’s futures through war and empire, they are killing Democracy along the way. By defunding and impoverishing public education, hiding news by catapaulting propaganda, loyalty oaths to secret government and corporations rather than to the Constitution, government officials and a cowed press corps in fear of speaking out and blowing the whistle, they also are killing our ability to even know about what they do. Perhaps one day soon, that will be the new normal we "move on" to -- the tragic day when no one remains who remembers when the United States and planet were any different.

bvar22

(39,909 posts)
38. Silly Rabbit.
Mon Apr 27, 2015, 04:12 PM
Apr 2015

Every single Democrat already knows this,
but their bosses in Industry & Banking don't like it.
They do what their bosses want.

Octafish

(55,745 posts)
39. Democracy's for kids. ''Every One That Doeth Evil Hateth the Light.''
Mon Apr 27, 2015, 04:20 PM
Apr 2015

Grown ups know how to make the trains run on time.

They are so right! Silly me! I am a bad man. Bad. Bad. Bad.

Did you read what William K. Black had to say? The guy who should be Attorney General wrote:



Obama & TPP: Every One That Doeth Evil Hateth the Light

Posted on April 25, 2015 by William Black | 9 Comments
By William K. Black
Quito: April 25, 2015

President Obama wants the world to know that he takes it personally that the Democratic Party’s base opposes his latest effort to sell out the people of the world to the worst corporations through the infamous Trans-Pacific Partnership (TPP) deal. Obama blurted out at a press conference a number of conservative Republican memes as his sole basis for pushing TPP. He then launched personal attacks on Senator Elizabeth Warren and labor leaders (without naming them). Obama, who is famous for keeping his cool when criticized by the GOP, is thin-skinned when criticized by Democrats. Obama never raged at the Republicans’ “death panel” attacks on him, but he raged at Warren as supposedly making an equivalently openly dishonest attack on TPP’s secret drafting process.

SNIP...

Here is the “money quote” from Warren and Senator Sherrod Brown’s letter responding to Obama’s attack.

“‘Executives of the country’s biggest corporations and their lobbyists already have had significant opportunities not only to read [the TPP text], but to shape its terms,’ the letter reads. ‘The Administration’s 28 trade advisory committees on different aspects of the TPP have a combined 566 members, and 480 of those members, or 85%, are senior corporate executives or industry lobbyists. Many of the advisory committees — including those on chemicals and pharmaceuticals, textiles and clothing, and services and finance — are made up entirely of industry representatives.’”


In sum, Obama stacked the committees to ensure that the CEOs’ lobbyists would completely dominate the secret drafting of TPP. And everyone in America know that the result of that has to be a Faux Trade agreement crafted to allow the CEOs to plunder with impunity.

Obama is demanding an additional reprehensible element – “fast track” – in which the cynical “CEOs’ Christmas in May” deal cannot be amended to remove even the most despicable provisions of the bill placed like land mines by the CEOs’ lobbyists. I don’t think opposing the TPP should be a partisan issue. Republicans should help lead the effort to stop Obama’s latest sell out.

TPP, of course, is being sold through a full court press of the economists who brought us the financial crisis and the Great Recession and the multiple Great Depressions in Spain, Italy, and Greece. Their lie, as always, is that this travesty of special interest deals drafted overwhelmingly by corporate lobbyists represents “free trade.” They first torture the language and truth before they torture the world.

TPP is the opposite of “free trade.” In the jargon of its economic supporters, it is a moldering midden hiding the secretly drafted “rent seeking” provisions designed to help CEOs enrich themselves at the expense of the people of the world. Adam Smith, who supported freer trade, warned over two centuries ago that when CEOs meet secretly it promptly turns into a conspiracy against the public interest and warned that CEOs use their power to aid their own interests at the expense of shareholders and the public. Smith’s warned that it “ends in a conspiracy against the public, or in some contrivance to raise prices.”

Similarly, the even more conservative Frédéric Bastiat famously warned:

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”


TPP is the legal system designed to authorize plunder with impunity. Economists are the priests that glorifies the CEOs’ plunder. When you allow CEOs’ lobbyists to secretly draft a deal and then make it impossible through “fast track” for the public or our representatives to vote down even the most despicable of these acts of CEO plunder you make it certain that the law will bring plunder rather than “free trade.”

CONTINUED...

http://neweconomicperspectives.org/2015/04/obama-tpp-every-one-that-doeth-evil-hateth-the-light.html



Now that is a good man. Good. Good. Good.

Thank you for knowing the diff, bvar22!
Latest Discussions»General Discussion»Democrats have no busines...