Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Tuesday, March 11, 2014

Why Hillary Clinton should not be the first female President of the United States

It's been a while since I posted in this blog but now I feel it's time to post on here because last night I got into a pretty interesting debate on Twitter with some liberals and honestly this debate got on my nerves. The reason why is because I felt like these liberals were not thinking and they were blindly supporting Hillary Clinton. I will be perfectly honest I've never been a fan of Hillary Clinton and I did not support her in the 2008 primaries I supported Barack Obama. First of all I must clarify that I'm not a sexist I'm a firm believer in women's rights and if Elizabeth Warren decides to run for President in 2016 I would support her in a heartbeat. My main issue with Hillary Clinton is that she is not a liberal she is a moderate maybe even a conservative democrat. I made this point on Twitter last night and I got attacked by fellow liberals and honestly it got to the point where I felt like I was debating right wingers, the reason why is because it felt like they were blindly supporting Clinton without looking at all of the facts. When I get attacked I normally have thick skin and I don't let it get it me, however what happened last night was different because it was fellow liberals that were name calling me and it honestly shocked me and honestly made me mad. I've calmed down from last night and I'm over it. I also believe if Clinton does run in '16 she is going to struggle in the primaries and the reason why is because she is not a liberal and it hurt her in '08 Obama ran to the left of Clinton and that's how he won the primary and he became President.

Now let's move on recent events regarding Clinton and her involvement with Goldman Sachs. At the end of last year Clinton took approx. $400,000 dollars for two speeches from Goldman Sachs. That's a lot of money for just a couple of speeches and the last time I check she does not any experience on running a big bank like Goldman Sachs. In my opinion that $400,000 was a bribe from Goldman Sachs to Clinton personally just in case she decides to run for President in '16. I know this is strong language on my part but I call it as I see it. If she was a real liberal with principles she would've never taken the money from Goldman Sachs in order to suck up to the oligarchs. In order to prove my point I'm going to quote from a piece from "The Atlantic" called "Why Liberal Democrats Are Skeptical of Hillary Clinton, in One Paragraph" and I'm going to quote that paragraph because it's important.

"But Clinton offered a message that the collected plutocrats found reassuring, according to accounts offered by several attendees, declaring that the banker-bashing so popular within both political parties was unproductive and indeed foolish. Striking a soothing note on the global financial crisis, she told the audience, in effect: We all got into this mess together, and we’re all going to have to work together to get out of it. What the bankers heard her to say was just what they would hope for from a prospective presidential candidate: Beating up the finance industry isn’t going to improve the economy—it needs to stop. And indeed Goldman’s Jim O’Neill, the laconic Brit who heads the bank’s asset management division, introduced Clinton by saying how courageous she was for speaking at the bank. (Brave, perhaps, but also well-compensated: Clinton’s minimum fee for paid remarks is $200,000)."

In her speech Clinton acts like the big banks like Goldman Sachs are the victims in her speeches and that's patently false or at least disingenuous. The problem that I had with her speeches is that the crash of 2008 were the big banks fault and the government's as well for deregulating the banks and the deregulation that started with her husband President Bill Clinton back in 1999 right before he left office and continued with President Bush which lead to the 2008 wall street crash. 

Now to wrap this up I have some questions for the women and the liberals that are supporting Hillary Clinton for President in 2016. Why are you supporting her is it only because she is a woman and it's time to have the first female President? If Clinton was a real liberal would she taken $400,000 dollars from Goldman Sachs in order to suck up to them.  These are important questions to ask yourselves before 2016 and I hope that you are able to answer these questions honestly or else the little progress we've made on regulating the big banks will disappear once Hillary Clinton gets elected President. I do believe that it's time for a female President however I don't think that woman should be Hillary Clinton I'm just not convinced. 

Link to The Atlantic piece: http://www.theatlantic.com/politics/archive/2013/12/why-liberal-democrats-are-skeptical-of-hillary-clinton-in-one-paragraph/282304/

Tuesday, October 8, 2013

How Can we End GOP Manufactured Crisis

Today is the eighth day of the government shutdown caused by the tea party republicans and now even the quote moderate republicans now are siding with the tea party and they want to defund the Affordable Care Act in order to fund the government and to raise the debt ceiling. So why are the republicans doing this? The reason why is because the first time the republicans threatened to not raise the debt ceiling in 2011 President Obama gave in a negotiated with them. That was a big mistake by the president, if he did not negotiate with the republicans back in 2011 then they would not be doing this now in 2013. All of the republicans are expecting President Obama and the Democrats are going to give in and give them something in exchange for opening the government and raising the debt ceiling. If the Democrats give in now, then every time the debt ceiling needs to be raised, the republicans will want something for doing their jobs and the Democrats and the President can't allow that for the sake of the country.

Now the question must be what can President Obama do to end the republican manufactured crisis? The debt ceiling is easy, all the President has to do is invoke the 14th amendment and order to treasury department to continue to pay our debts the way that they've always have. Section four of the 14th amendment states as follows,"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void." With the republican party's threat of not raising the debt ceiling they are questioning the debt of the United States and the President should be able order the treasury to continue to pay the debts of the United States no matter what the republican party says. The President can't allow the republican party to insert fear into not only the American people but to the rest of the world he has to have a backbone and say no to the republican party America will always pay her bills no matter what.

Now to the issue of opening the government back up, that's much tougher because according to the Constitution, Congress has the power of the purse strings which means that only congress has the power to fund the government, which is why that President Obama can't be responsible for the government shutdown because the executive branch of the government can't fund the government that's up to Congress and they've failed to do that so it's the republicans fault not President Obama. The question is what can President Obama do about the budget? Unfortunately not much the Republican party has the power of the purse, because ignorant Americans voted for the tea party republicans who had no interest in governing their interest is shutting down the government and to destroy the American government. The issue is that the founders never imagined that one day in the far future that there would be a political party that would be willing to hold the American people hostage in order to get what they want from the political party in power. To me what the republican party is doing is the most Anti-American thing that any political party has ever done in America's history.

Desperate times calls for desperate measures, and maybe it's time to arrest certain republican members of the house and charge them with treason. I know that this will lead to a shit storm but this is the only way that I can see that we can't get the government functioning again and as a nation we can't wait until 2014 in order to vote out the republican party. However this suggestion would be a last resort to me because if anybody does this then it would set a dangerous precedent and if a president does not agree with any congress they can arrest them for treason so in my opinion this would be the nuclear option, but it maybe time for the president to use it because the republicans in the house will not budge from there current position. The Republicans need to be scared straight and the only way that I can see that happening is that the President arrests some of the republican leaders of the house and maybe just maybe that scares them straight.  

Thursday, October 3, 2013

Poorest American's don't get Medicaid! (Rant Post)

WTF? Wow just open the government back up GOP!
Today is day three of the government shutdown that the far right wing of the republican party has caused, we now have republicans trying to shift the blame to the democrats because they refuse to negotiate with the hostage takers or better known as the republicans. The democrats should not negotiate with hostage takers, so the republicans are 100% wrong as they usually are I will be the first one to bash the democrats when they deserve it but they are 100% right in this case. I'm really mad after I read a article in the New York Times called "Millions of Poor Are Left Uncovered by Health Law" the reason why I'm so mad is because the whole point of the Medicaid expansion in the Affordable Care Act is to try and insure the poorest of Americans who can't afford private health insurance. Instead what do we see from the conservative states? They reject Medicaid expansion and they doom the poorest people in their state to not have any health insurance. That makes me so angry, the reason why is because I live in the state of New Jersey and we are expanding Medicaid next year and I'm a college student and I can't afford private insurance so now because of the Affordable Care Act now I can get Medicaid and I have President Obama to thank for that. I'm fortunate that I live in a state that is expanding Medicaid, now I kind of feel bad because what about the people that live in states that are not expanding Medicaid? They are out of luck I guess because millions of people that live in those states are going to continue to die thanks to the republicans in these states.

Every American deserves health insurance! 
What frustrates me is that the federal government is paying for the Medicaid expansion, it's not like the Affordable Care Act is making the states pay for the Medicaid expansion, I would be against making the states pay for the expansion. The article says that "The federal government will pay for the expansion through 2016 and no less than 90 percent of costs in later years." After 2016 these states would have to pay for 10% of the cost of the expansion, why don't those conservative republicans take the money for the Medicaid expansion? I really don't understand how heartless these conservative republicans are, every person in America deserves some type of health insurance no matter if they are very wealthy or they are the poorest people in this country. Most of these states are in the deep south and except for Arkansas all of these states have rejected Medicaid expansion under ACA. The New York Times says that "Every state in the Deep South, with the exception of Arkansas, has rejected the expansion. Opponents of the expansion say they are against it on exclusively economic grounds, and that the demographics of the South — with its large share of poor blacks — make it easy to say race is an issue when it is not. In Mississippi, Republican leaders note that a large share of people in the state are on Medicaid already, and that, with an expansion, about a third of the state would have been insured through the program. Even supporters of the health law say that eventually covering 10 percent of that cost would have been onerous for a predominantly rural state with a modest tax base."

I'm not sure whether race is a factor or not in the reasoning why these southern states are rejecting the Medicaid expansion, part of me thinks so, however I will give them the benefit of the doubt. In Mississippi a large percentage of their people are already on Medicaid which is the reasoning the Republicans have in why they reject Medicare expansion and they do not want to pay for the 10% of the expansion after 2016. Really? They can't pay the 10% after 2016? Why? Because the rich in the south need more tax cuts? If that's the case that's an outrage because these people still need insurance and no matter what they deserve respect and these conservative republicans do not respect these poor people because if they did they would take the money for the expansion and they would make sure that those poor people were covered under Medicaid. “Any additional cost in Medicaid is going to be too much,” said State Senator Chris McDaniel, a Republican, who opposes expansion." I don't know this man but I bet that he's against any tax increases on the wealthy and corporations in order to pay for the expansion. If you can tell from the tone of this post I'm disgusted by these republicans that are rejecting Medicaid expansion and letting their poor people go without any health insurance, yes I'm damned disgusted.

My question is what kind of country do we want America to be? Do we want a country that will neglect their poor and sick because they don't want to pay 10% of the cost of an expansion of Medicaid that will cover poor Americans? Do we want to let heartless conservatives control our domestic policy making here in America? Because if that's the type of country that most Americans want then we've misunderstood the meaning of America. However I know that most Americans are not like these heartless conservatives that claim that they can't expand Medicaid because they don't want to pay 10% of the cost are the same conservatives that are in favor of fighting two wars that cost us trillions of dollars and giving subsidies to massive oil companies that cost us the tax payer billions and billions of dollars. They are in favor of that but they are not in favor of expanding Medicaid. How dare they! What nerve do they have in rejecting those funds that are supposed to help the poorest Americans get Medicaid in order to get the minimal care that they deserve. Ten fucking percent that's the reason why they rejected Medicaid expansion how dare they!

Postscript: Yes I was very made when I wrote this blog post today and I don't regret anything that I wrote here, thanks for reading and let me know what you think. Now back to the government shutdown, I saw a couple of more covers from the New York Daily News and Time Magazine which I loved and I will post here.  

Monday, September 30, 2013

113th Congress is the Worst in American History!

Today is Monday September 30th 2013 and we are just a few hours away from a government shutdown that the Republican party has caused because they won't stand up to their far right wing of their party better known as the Tea Party. The quote "mainstream" republicans are too afraid of these crazy tea party members. There have been many Congress' throughout history that have been called the "Do-Nothing Congress" however the 113th Congress is the embodiment of that saying. No important bills have been passed and on top of that now the government is most likely shutting down because the republicans insist on putting Obamacare provisions in their continuing resolution in order to continue to fund the government for just two more months. The Republican party has turned the congress into a waste of money for the tax payers that they claim to protect from wasteful spending. Let's look at some of the wasteful spending that the Republicans have done in this Congress. According to a CBS piece called "Obamacare Repeal Votes Costs Tens Of Millions" The cost of each vote to repeal Obamacare was 1.45 million dollars to the tax payer, so if we do the math on that the cost of 42 votes to repeal Obamacare was $60.9 million dollars to the taxpayer. (1.45 million times 42 votes to repeal Obamcare = 60.9 million dollars) $60.9 million dollars wasted because the Republicans want to fight a law that was already passed by the last Congress. Let's look at the salaries that each Congressperson makes $174,000 dollars a year and there are currently 232 Republicans in the House and since we are paying each of them and we are wasting our money let's look at how much money we are wasting in total. The total is $40,380,000 in salary that we are paying republican congresspeople ($174,000 times 232 House Republicans) That total does not include the house speaker John Boehner. That's a lot of money wasted by the tax payer in this country.

Now we've talked about all of the money that the tax payer has wasted on the Republican congresspeople Now let's talk about who's at fault for this do nothing congress. The conservatives will blame President Obama and that is the most asinine statement I've ever heard. President Obama has been willing to negotiate with the Republicans and at times I've been frustrated with President Obama because he negotiates too much with the Republicans. Now the President won't negotiate with the Republicans are they will have to nerve to blame him for the government shutdown. The Republicans are totally at fault for coming government shutdown, I keep getting tweets from conservatives that they can shutdown the government in order to defund Obamcare and even if they shutdown the government, Obamacare will be funded so that's a foolish idea but conservatives are foolish people. Another point that conservatives make that I hate is that most Americans are against Obamacare. The reason why that's true is because most Americans do not know what's in Obamacare and the media has failed to report the truth about Obamacare and Americans believe whatever the conservatives say about Obamacare which is why they don't like Obamacare. Which is why we must let Americans know what's actually in Obamacare once that happens more and more people will like Obamacare. The Republicans have nobody to blame but themselves when the American people turn their back on their party and vote them out of the house in 2014. Let's make that happen!

Update: The government shutdown is coming the republicans in the house just passed another bill to fund the government and once again it had the provision that delays the individual mandate for one more year. On top of that Boehner had the nerve to mock President Obama, how disrespectful whether he likes him or not he's the President. So the republicans have set themselves up for their political death in 2014 and I do not feel bad for them at all, that's what they get for aligning themselves with the tea party.

Huffington Post Piece: http://www.huffingtonpost.com/2013/09/30/john-boehner-mocks-obama_n_4019867.html

Tuesday, September 24, 2013

Corporate money is destroying our democracy!

Today I must write the truth about corporations and the wealthy have stolen our democracy in order to create a government which works for corporate interests and the interests of the wealthy first and they don't give a damn about the average person in the United States. If you look back at American history you will see that corporations and the very wealthy have been trying to take over our government since the 19th century. The beginning of the modern corporation can be traced to the late 19th century Supreme Court ruling "Santa Clara County v. Southern Pacific Railroad" in 1886 and other cases like "Trustees of Dartmouth College v. Woodward" in 1819 which for the first time held that the Contract Clause of the United States Constitution applied to private corporations. I can go on and on but these are some of the rulings that created today's modern corporation. Before I go on in this post I have to say that I don't think that corporations are bad for our country, they employ many Americans and they also donate money to charities and their money can be used for good. However when we allow corporations to donate to our politicians then they become a cancer to our country and as we've seen today after Citizen's United decision which I'm going to talk about later in this post. Corporations can't donate anything to Political Actions Committees (PACs) or Politicians that's the only way that we will get our democracy back.

Now let's discuss something that very few people know about or even talked about and it's been called the "Business Plot" These two videos which I'm going to post will describe what happened in  the "Business Plot"  The first video is General Smedley Butler explaining what happened when he was approached by the business leaders in the United States at the time and why he reported them to Congress. I personally think that Butler is a hero because I do believe him and Congress believed him as well at the time and even though there were no arrests made but I still believe that Butler stopped what would have been a fascist dictatorship in the United States. The second video was made by "Stuff they don't want you to know" They investigate conspiracy theories and they a entire video explaining the "Business Plot" It's very well done and I recommend you check out both videos.


Prescott Bush
The most powerful and richest corporations and people in the country were rumored to be involved in the "business plot" including Prescott Bush the father of George HW Bush and the grandfather of George W. Bush. Prescott Bush as well was involved in the rise of Adolf Hitler in Germany is the 1930s and if you don't believe me check out the piece that The Guardian wrote back in 2004 called "How Bush's grandfather helped Hitler's rise to power" It's a very interesting piece and the reason why Prescott Bush was one of the people that helped Hitler get into power is because it made his companies more money. In my personal opinion the reason why Congress did not prosecute anyone for their roles in the business plot is because they came to Congress in private and came to a deal with them in order to avoid any treason charges filed against them and there was really no proof besides the testimony of General Butler so Congress just agreed with them not to charge anyone. I do not have any proof for my theory but it's the only one that makes sense. Corporations have always wanted control over the government in order to make more money and to have the laws in their favor. Now they've found a new way to get the government to do whatever they want to, just corrupt the Supreme Court.

US Supreme Court 
The reason why I make this point is because in the last ten years almost every ruling that the Supreme Court has handed down has in one way or another benefited corporations and the wealthy. As we all know about the Citizens United v. FEC ruling which recognized corporate person-hood and then the case that did not get as much press attention was American Tradition Partnership v. Bullock  which reversed a decision by the Montana Supreme Court Western Tradition Partnership, Inc. v. Attorney General of Montana this cased held that "the broad free speech protections given to corporations in Citizens United v. FEC do not apply to Montana's campaign finance laws." Which of course the Supreme Court reversed so corporations won again of course. So now corporations and wealthy people can donate whatever amount of money they want and they buy our politicians and those politicians do the bidding of their corporate donors, every republican works for their corporate donors and I believe most democrats work for their corporate donors as well. However there are some principled Democrats left and they do want to work for the people that they represent.

So what do we as progressives do about this? Since the Supreme Court has handed down their decision in Citizens United the only way to overturn a Supreme Court decision is by a constitutional amendment. We need a constitutional amendment that bans corporate money from our politics. Simply put the first amendment does not guarantee corporations free speech because corporations are not people, corporations do not vote in elections so they can't be a person. We need this  constitutional amendment in order to get back our democracy. If we keep letting corporations and rich people control our government then we will have the fascist government that the corporations and the rich tried to fund back in the 1930s, in fact in my opinion we have a fascist government today right now in 2013 because all of the laws that are passed seem to benefit corporations and the wealthy. We as progressives need to fight this because if we don't we will lose our democracy, and don't listen to conservatives that say that we are not a democracy but we are a republic, we are a democracy we have freedoms and rights as Americans and we have to fight to keep our rights.