Showing posts with label #WallStreet. Show all posts
Showing posts with label #WallStreet. Show all posts

Tuesday, February 1, 2022

The Eleventh Reagan Administration



 The Eleventh Reagan Administration

by C.A. Matthews

My predictive skills are uncanny when it comes to what politicians will do next. Sometimes I even amaze myself. I'm almost never surprised by what they say or do. What's my secret?

It's simple. I read a lot, and I make note of a politician's past behaviors and stands on issues. Nine times out of ten, they'll do the same in a similar situation. The tenth time? Well, they may do something a little bit different, but rarely will they do anything that's the complete opposite of what they did before.

For instance, I could tell you that Joe Biden wasn't going to do a darn thing to help immigrants get out of for-profit detention centers or listen to the cries of Black Lives Matter activists or work to defund the police. How did I know all this for a fact? 

Think about it. Do you recall the bill that Biden had a hand in passing through Congress that he likes to brag about the most? If you said the "Biden Crime Law" of 1994  then you're right. He loves locking up people, particularly poor people of color. And his vocal anti-desegregation stance in the 1970s where Biden said he didn't want his children going to integrated schools demonstrates he isn't interested in doing anything to improve the lives of African-Americans.

Will Biden ever expand Medicare to all Americans regardless of age or financial status? Will he ever consider a Universal Basic Income (UBI)?  Will he give students a break and grant them student loan forgiveness? (He said he'd give $10,000 in loan forgiveness during his campaign). In 1995, Biden sought to cut Social Security. In 2005, he fought to deny bankruptcy for student loan defaults. What do you think? Yeah, I don't think he's too worried about the poor, those without private health insurance, or debt-laden ex-students.

Can you see why I'm never surprised by Biden now? In fact, nothing about the last eleven presidential administrations has been particularly surprising to me. By looking at the behaviors of the past six neoliberals to sit in the Oval Office, one can safely predict what will happen more or less in Biden's term. We can expect more tax breaks for billionaires. More banks will be bailed out. More wars will be started to distract the voters away from how miserable their current hardscrabble existence is. More legislation will be passed that is against the workers, against unions, against the poor and downtrodden.

The strongest thread that winds throughout the actions of Presidents Reagan through Biden is their enthusiastic support of the status quo, the oligarchy, the billionaires. Every move they make (or don't make) keeps the money flowing upwards into the coffers of the billionaires. It never "trickles down." Regulations are relaxed or eliminated altogether that cut into corporate profits.  These presidents have each exited  high office with much more money in their bank accounts than they had before they entered .

There's no mistake. A president only makes $ 400,000 a year, and yet Obama bought a mansion worth $11.75 million on Martha's Vineyard immediately upon leaving Washington. It's pretty obvious that doing as you're told by your rich donors while in the White House pays well. 

I know what's bothering some of you. You're thinking: Why do you say these presidents are all like Reagan when some of them are Democrats? How can you say they're more alike than they are different when they have different party memberships?  

To find my answer to these questions, read the opening paragraphs of this article again. I'm "color blind" in the fact that I don't care what party or political faction an elected politician claims to belong to. I simply observe their behavior and make note of it and then compare their actions with other recent presidents. From what I've observed, political party affiliation makes little difference in how a politician may act.

Don't believe me? Two names prove my point: Manchin and Sinema.

Are either of these  senators "Democrats" if they thwart every bill their party attempts to pass? How does their supposed party alliance affect their behaviors? It doesn't. They're following orders from the oligarchs to maintain the status quo.

Note what Biden does in the coming months and then do some reading about the past "Reagans" and make note of their actions. Contrast and compare. Can you make some predictions of what Biden will do next? 

The duopoly of the United States of America makes things both easier and harder to understand when it comes to our presidents' behaviors. It's easy because our two so-called "major" political parties are basically one and the same. They both work hard to increase and protect the wealth of the 1%, the Wall Street mavens, and the Military-Industrial Complex. 

It's harder to understand because by allowing the banksters, billionaires, and warmongers to run our country, we're endangering the entire world. We are forever being drawn into military conflicts and potentially nuclear warfare. The US military is the single most polluting agency on the planet. The rising temperatures, rising ocean levels and melting tundra, releasing methane into the atmosphere further warming the planet, will eventually cause mass extinctions and destroy all life.

Why would any sane human being risk nuclear war and exacerbate the climate emergency? I find it impossible to understand. Profits alone can't explain an entire civilization's suicide, can it? 

We must extract ourselves out of this infernal Möbius loop before it's too late for the planet and humankind. We can't survive another Reagan administration.

Related articles:

https://www.dailyposter.com/biden-reversal-gives-wall-street-a-big-win/  

https://www.directleft.com/p/joe-biden-praises-mitch-mcconnell

https://truthout.org/articles/both-gop-and-democratic-party-want-us-to-surrender-to-covid-for-capitalism/

https://popularresistance.org/on-the-biden-plantation/

https://www.thoughtco.com/presidential-salaries-through-the-years-3368133

https://en.wikipedia.org/wiki/Violent_Crime_Control_and_Law_Enforcement_Act 

https://scheerpost.com/2021/09/15/biden-listen-to-the-radicals-or-risk-failure/

 Should Biden by primaried by the left? https://youtu.be/v2pCCuw8I4c

***

National Nurses United

The hospital industry wants you to believe that Covid-19 is the reason for the so-called ‘nursing shortage.' But health care workers who've been fighting for safe staffing for decades know the real reason: Unfettered greed. 

The New York Times just released a powerful video that shares the stories of nurses on the frontlines and the grave consequences of hospitals placing profits before people.

Will you support us in our fight for safe staffing by sharing this video with your family and friends?

Share on Facebook »

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The hospital industry has been neglecting nurses and deliberately short-staffing hospitals for years. Now, the Covid-19 pandemic has exposed these practices and the nurse staffing crisis they have created. As registered nurses face increasingly unsafe working conditions, moral distress, and injury, many are leaving the bedside. 

There is still time to reverse this crisis and ensure nurses have the protections and dignity they deserve. We are calling on Congress and the Biden administration to adopt federal policies that value the vital work of direct patient care RNs and that ensure employers meet their legal obligations to provide safe and healthy workplaces.

We need your help to inform as many people as possible about this serious issue. Will you share this powerful video and join us in the fight for safe staffing?

Share on Facebook »

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Even if you’re not a nurse or other frontline health care worker, you can still play a vital role in helping spread awareness of this serious issue.

Thank you for standing with us,

Michelle Mahon, RN
Assistant Director of Nursing Practice
National Nurses United

 ***

 

Last week marked one year since Joe Biden was sworn in to become the 46th president of the United States. 

 

After four years of devastating policies under Trump, Joe Biden and his administration faced the extremely difficult task of building a fair, functional, and humane immigration system. 

 

In the year since, the Biden Administration has made progress on implementing immigration policies that have extended protection to communities that need them the most, but much remains undone.

 

Some of the notable actions President Biden carried out early included a series of executive orders to end the Muslim and African bans, fully reinstate DACA and end the construction of Trump's wasteful and offensive border wall. He also ended the “Public Charge'' rule that served as a wealth test used by the previous administration to punish immigrants, and created a task force to reunite children with their parents that were separated under the Trump Administration. 

 

However, on bigger items such as providing a path to citizenship for undocumented workers, restoring the asylum system, creating new paths for legal immigration, and fully protecting Dreamers, TPS holders, and other essential workers, the President has failed to live up to his promises. 

 

Our new report recaps the Biden Administration’s first year and looks to the future with an in-depth examination at what still needs to be done.

 

Read the report>>>

 

The report covers topics such as DACA, TPS, COVID-19, the Remain in Mexico (MPP) policy, Title 42, the disproportionately inhumane treatment of Black migrants, legislation, right wing and GOP developments, and more. 

So as we enter the second year of the Biden Administration, the task on immigration is clear: the President and his team need to do more. Our report carefully outlines what has been done and what policies still need to be implemented. 


The Biden Administration needs to review the unfulfilled promises and rethink its strategy on how to deliver. Effort is no longer enough as immigrants need real results. 


Read our report here>>


Immigrants dedicate their lives to our country in many ways. Nothing has shown that more than the COVID-19 pandemic as essential workers continue to show up every single day to keep our country going during these turbulent times. Additionally, many immigrant communities were key organizers in Joe Biden’s campaign. 


It is time to find a way to deliver. 


Support our work to hold the Biden Administration accountable for the promises they made on immigration and ensure they build a fair and humane immigration system by donating to our organization today. 


Click here to donate>> 


In solidarity, 

Juana

 

***

Families Belong Together (Logo)

Three years ago Trump & co began the horrific and racist Remain in Mexico program. Since then it’s forced 67,000 vulnerable children and families to wait in constant peril in danger. 

There was never supposed to be a three-year anniversary of Remain in Mexico.

One person has a critical role in ending it. Secretary of Homeland Security Alejandro Mayorkas has a track record of leading with compassion, implementing DACA, and even receiving an award from immigrant groups for his work on refugee rights. On the anniversary of this horrific policy's beginning, let’s call on him to live up to this legacy:

Can you add your name to help end the racist Remain in Mexico program today on the anniversary of this cruelty?

take action

As a child of refugees himself, Secretary Mayorkas benefited from having a functional process to accessing safety in the U.S. Right now, Mayorkas has the opportunity to provide the same for thousands of other families and show that we are still a country where children and families can find the refuge they deserve.

Secretary Mayorkas has the opportunity to make a clear statement that families seeking safety deserve better. On the anniversary of the start of the Remain in Mexico policy, we must demand Secretary Mayorkas fulfill the promises made to families just like his:

Tuesday, February 2, 2021

Stopping the Game?

 

Stopping the Game?

by C.A. Matthews

The Twitterverse was all abuzz with the GameStop stock shorting story before I really caught on to what had actually happened. The following videos and article links will fill in the details for you as they did for me. Long story short (no pun intended), "David" attempted to slay "Goliath" on Wall Street, and Goliath got a bit antsy that David had the balls to  attempt such a bold attack on their monopoly on wealth in this country.

It's events like this that give me hope that one day, possibly quite soon, we will see an end to Wall Street/the capitalist system and the abuse of the working classes for which they stand for.

There was nothing "sinister" or "deviant" about the members of the Reddit group that decided to purchase stock in GameStop that some in the mainstream media outlets alleged after the hedge fund managers started crying about not being able to win the "game" of gambling on putting a company out of business. No, it was just good ol' fashioned research and patience that paid off for these little guys. They should receive accolades, not denigration.

Essentially shorting a stock is a gamble against another person taking a certain action with that stock. The hedge fund managers wanted GameStop stores to go out of business, since essentially they were doing everything in their power to force the company to close its doors so they could buy up all their stock cheap. The Reddit stock buyers did not want GameStop to go under, and they did what they could to prop up its stock price so GameStop could attract new investors and take the necessary actions to improve their business practices.


These small investors may have saved 15,000 GameStop employees nationwide their jobs--at least for now. But of course, the plug was pulled on these Davids trying to save a down and out company. They're being blocked by the poor man's online app Robinhood from shorting any more stock in GameStop and several other similar corporations (possibly after a word came from the White House to do so).   

You can think about how these small investors are being prevented to short GameStop stock this way: You like to buy a certain brand of grape juice from the store, but now the store says you can't buy it anymore. You've got the cash and the grape juice is sitting right there on the shelf, but a rich person whined and whined to the store manager and said, "Don't let the poor guys buy any more of that juice! We want to knock it off the shelves and spill it all over the floor!"

And, of course, the store manager gave in eventually and did what the rich person asked because… Well, obviously some people are more equal than others, right? At least in a capitalist system the workers are often seen in that way.

So, if you hear/read on MSNBC or CNBC or wherever that working class investors are "cheating" or "working for the Russians" or some other similar slander/libel, remember this: Rich people really don't like to lose or be shown up for what they are. The rich actually believe they're smarter than the rest of us and that they deserve more wealth and power simply because they're better than us. It's that simple.

If you're of a similar mindset to me, you know that's not true. Worse of all, it's immoral and irrational for our government to keep bailing out these not-so-smart elitists hiding behind hedge fund managers and bankers.

Remember 2008? Remember the bail-outs of the banks? Remember all those Americans who lost their homes and have never recovered their credit ratings? That was done to us, the working classes, by the pampered and coddled elites. So, it's time that we had a chance to cheer on some Davids slaying Goliaths on Wall Street on our behalf. It'll teach the greedy rich a lesson or two that smarts aren't just a trait of the billionaires. Poor working folks got smarts, too.

Saagar Enjeti: Wall Street Elites Destroyed, Beaten By Redditors At Their Own Rigged Game ~ The Hill  https://youtu.be/9ToOGrUQ7ME

Dylan Ratigan explains what "shorting a stock" means and how the small investors beat the hedge funds at their own game. https://youtu.be/qzG3DwMjLj4 

Overheard on Twitter:

"People working at Robinhood coming forward to share that their founder received calls from the White House about shutting down GameStop and meme stocks. Biden has done more for billionaire hedge funds than providing us with our survival checks."

"Clip of hedge fund billionaire Leon Cooperman on CNBC losing his cool: 'This fair share is a bullshit concept! It’s a way of attacking wealthy people!'"

"The stock market is not in turmoil - billionaire hedge funds are in turmoil. Two different things. It's a shame regulators, brokerage firms and media continue to provide cover for folks that go to work on helicopters from the Hamptons and say its for folks that take the subway."

Related Articles:

Quick Sharp Analysis of the GameStop vs. Hedge Fund Fight

https://beanstocksworld.wordpress.com/2021/02/02/quick-sharp-analysis-of-the-gamestop-vs-hedge-fund-fight

How Reddit and GameStop Beat the Bankers

https://www.makeuseof.com/meme-stocks-vs-wall-street-how-reddit-and-gamestop-beat-the-bankers/

The Reddit Revolution, GameStop and Melvin Capital

https://greenwald.substack.com/p/video-the-reddit-revolution-gamestop

How the GameStop Crisis Will End

https://mailchi.mp/ajplus/how-the-gamestop-crisis-will-end-01-28-21

Leaving Wall Street

https://nplusonemag.com/online-only/occupy/leaving-wall-street/ 

The GameStop Bubble is a Lesson in the Absurdity and Uselessness of the Stock Market

https://readersupportednews.org/opinion2/277-75/67533-the-gamestop-bubble-is-a-lesson-in-the-absurdity-and-uselessness-of-the-stock-market 

More videos explaining the GameStop short stock story:

https://youtu.be/NysEnmIAEIE

https://youtu.be/aHBFOkwSZto

https://youtu.be/7Zd24sn7Els

***

The Revolution Continues is now in our sixth year fighting against the corporate duopoly. We're not ashamed to say that we need fellow revolutionaries like you to help us stay online and provide progressive insights that are being actively censored elsewhere. If you can spare some of your pocket change, please use the Paypal.me link below to donate to help fund our operations.

http://paypal.me/camatthews

Thanks for all you do in making the world a better place. Power to the people!

 ***

From World Beyond War:

The U.S. House of Representatives (in February and again in April, 2019) and the Senate (in December 2018 and March 2019) have each voted twice with strong bipartisan majorities to end the war on Yemen (vetoed by then-President Trump in April 2019).

The Democratic Party Platform of 2020 commits to ending the war on Yemen.

President Biden's nominees each say they are ending the war on Yemen.

But Congress has yet to act since the veto threat disappeared along with Trump. And every day that the war goes unended means more horrific death and suffering.

Click here to email your Representative and Senators to demand that they immediately introduce legislation under the War Powers Resolution to end U.S. participation in the war, directly or indirectly, and end all provision of U.S. weapons to participants in the war.

Yemen today remains the worst humanitarian crisis in the world, according to the United Nations. Over 4 million people have been displaced because of the war, and 80% of the population, including 12.2 million children, are in desperate need of humanitarian assistance. To add to the already dire situation, Yemen has one of the worst Covid-19 death rates in the world – it kills 1 in 4 people who test positive.

This humanitarian crisis is a direct result of the Western-backed, Saudi-led war and indiscriminate bombing campaign that has raged against Yemen since March 2015, as well as an air, land and sea blockade which prevents desperately-needed goods and aid from reaching the people of Yemen.

UN agencies and humanitarian organizations have repeatedly documented that there is no military solution possible in the current conflict in Yemen. The only thing the constant supply of arms to Yemen does is prolongs hostilities, and increases suffering and numbers of the dead.

Congress needs to re-introduce the War Powers Resolution under a Biden administration.

Congress needs to end weapons shipments to Saudi Arabia and the United Arab Emirates.

Sign the petition: Urge your Congress members to immediately end U.S. involvement in the war in Yemen!

***

Green America
Valentine's Day cheat sheet

Boxes of Valentine's Day chocolate should be full of delicious treats, not child labor, deforestation, or pesticides.

Despite decades of commitments from big-chocolate companies to end child labor in cocoa, there are still over 1 million child laborers, and children are being exposed to MORE pesticides. 

Before you pick up any Valentine's Day chocolates, take a look at these small, but mighty, chocolate companies! They are working to reform the chocolate industry from bean to bar. And, their chocolates are truly delicious!

Many of these companies are also Certified Green Business Network Members of Green America, so they are green through and through. And, all of these chocolates are available for purchase online!

With workers and small businesses being hit particularly hard in the last year, voting with your dollar has an even greater impact. This Valentine's Day, I hope our buying guide helps you find the perfect chocolates. 

Thank you for all that you do.