Senate Majority Leader Mitch McConnell said Thursday that the U.S. Senate will not vote on the 12-nation, corporate-friendly Trans Pacific Partnership (TPP) this year, buoying progressive hopes that the trade deal will never come to fruition.
Senator Bernie Sanders (I-Vt.), whose opposition to the TPP was a hallmark of his presidential campaign said: "This is good news for American workers, for the environment, and for the ability to protect public health." (Deirdre Fulton)
McConnell has devoted the last eight years of his life to destroying Obama, unsuccessfully at that. Finally, turtle face might do something good for this country instead.
Banks mainly finance the purchase/transfer of existing property and paper assets. They rarely finance tangible capital investment of new means of production. There is a fundamental difference between financing rental property and production machinery. Corporate managers, as well as money managers and funds, seek financial returns for themselves, their owners, and their creditors. Their objective is to produce capital gains through stock buybacks, paid out as dividends while downsizing and outsourcing labor, and cutting back long lead projects. Leveraged buyouts raise the cost of doing business, leaving the economy debt-ridden. Profits are used to pay interest, not to reinvest in tangible new capital formation or hiring. Eventually, the threat of bankruptcy is used to wipe out pension plans shifting losses onto consumers and labor.
When credit is extended increasingly to households, instead of production, disaster is sure to follow. (Professors Dirk Bezemer & Michael Hudson) read more
Clinton's "new economy" was based in the neoclassical economics including the denial of class warfare, a fantasy reinforced by the end of the Cold War and our installation of a puppet regime in Russia. Meanwhile, the neoliberal cadre were turning Eastern Europe into a neo-feudal colony of Wall Street where the life expectancy of Russian men dropped by four years. The same thing is happening today in the USA. The reality was the Clinton era under Greenspan & Rubin was nothing but a series of bubbles.
But by the end of 2000, the delusion stopped working and the Democrats were facing the prospect of responsibility for an economic downturn. It would be much easier to blame it on the neocons and their village idiot puppet President?
Given the role Goldman Sachs played in the Clinton Treasury, we can lay the responsibility at the feet of one policy pivot, which in turn was caused by Monica Lewinsky. (Andrew Stewart) read more
We have "reclusive habits or outmoded or reactionary attitudes" and sophisticated, propagandistic methods initially perfected in modern times by Nazi Germany: Trump/Clinton, a race to the rock-bottom of authoritarianism. NOT, its foreign policy equivalent, a contest over who is more militaristic and war-like, directed into a confrontational posture in world politics.
Alienation is built into the societal edifice, a known factor before Marx's Economic-Philosophical Manuscripts of 1844, presciently written. The commodity becomes engrained in the human psyche, and from there the merry race commences, codified in the institutions and culture of property, for superiority one over another fellow human being. The political culture of oppression and evil could yield an interesting discussion and possible action, not the mealy-mouthed platitudes offered by the candidates, their respective parties, and America as a whole. (Norman Pollack Ph.D. Harvard) read more
The main architect of Washington's plan to rule the world has abandoned the scheme and called for the forging of ties with Russia and China. While Zbigniew Brzezinski's article in The American Interest titled "Towards a Global Realignment" has been ignored by the media, it shows that powerful members of the policymaking establishment no longer believe that Washington will prevail in its quest to extent US hegemony across the Middle East and Asia. Brzezinski, who was the main proponent of this idea and who drew up the blueprint for imperial expansion in his 1997 book "The Grand Chessboard: American Primacy and Its Geostrategic". (Mike Whitney)
Hillary and the Neocons are still at it, Rethugs have perpetuated the myth that Carter was a weakling, even though his Secretary of the Defense, Brzezinski, has historically been the toughest opponent of communism and Russia in our lifetimes, a product of living under Russian rule in Poland. read more