Drudge Retort: The Other Side of the News

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Tuesday, March 19, 2019

Washington Post fact-checker Glenn Kessler claimed Sen. Bernie Sanders inflated the amount of taxpayer bailout money Wall Street received following the 2008 financial crisis. But Glenn on counted TARP money, which was designed to hide the full cost. Here is the truth for the 14 largest participants (excluding CBLS) measured in billions of dollars: Participant Total Percentage of total Citigroup $2,654.0 13.6% Merrill Lynch 2,429.4 12.4 Morgan Stanley 2,274.3 11.6 AIG 1,046.7 5.4 Barclays (UK) 1,030.1 5.3 Bank of America 1,0 17.7 5.2 BNP Paribas 1,002.2 5.I Goldman Sachs 995.2 5. I Bear Stearns 975.5 5.0 Credit Suisse 772.8 4.0 Deutsche Bank 711.0 3.6 RBS (UK) 628.4 3.2 JP Morgan Chase 456.9 2.3 UBS 425.5 2.2 All others 3,139.3 6.1 Totals $ 19,559. 100% read more

Don Veto Trumpleone has said, in not-so veiled threats, that efforts to impeach or un-elect him will be met with right wing violence. These "get-tough" warning are consistent with his history of promoting violence against his political enemies and economic adversaries. Trump and his backers have shaped their 2020 campaign to vilify the S-word (socialism) when it comes to the Democrats. They promote the false and fascist notion that socialism is taking over the Democratic Party. Realistically, Bernie and AOC are the only ones in the House's 435 members to identify as a socialist. 57% of the Democratic Party's voters prefer socialism to capitalism. But, DNC leadership hates the S-word and does nothing to promote it. read more

Friday, March 15, 2019

#FridaysForFuture is a movement that began in August 2018, after 15 years old Greta Thunberg sat in front of the Swedish parliament every schoolday for three weeks, to protest against the lack of action on the climate crisis. She posted what she was doing on Instagram and Twitter and it soon went viral. On the 8th of September, Greta decided to continue striking every Friday until the Swedish policies provided a safe pathway well under 2-degree C, i.e. in line with the Paris agreement. The hashtags #FridaysForFuture and #Climatestrike spread and many students and adults began to protest outside of their parliaments and local city halls all over the world. This has also inspired the Belgium Thursday school strikes. read more

Friday, March 08, 2019

Very important identical bills were introduced in the U.S. Senate and House in late February, but you've likely not heard of them -- even though they could literally blow up the Middle East and take the world much closer to World War III.

Thursday, March 07, 2019

Human society, under the guise of religion, worships itself. Its not just Egyptian pyramids, Medieval cathedrals, or Greek or Buddhist temples. But that idolatry is dying, only to be replaced with a society which attaches sacred significance to the individual. This has morphed into the ubiquitous practice of taking a "selfie". When we are not digitally adoring ourselves our micro and macro-manipulated selves take the time to worship movie stars. They represent our desires, dreams, fears, aspirations, and ambitions. Donald J. Trump, through his signature brashness, flashiness, and gladiatorial glitz captured the hearts and imaginations of millions of disgruntled mini-idols. read more


Here we go again, all the people that have been brainwashed into hating socialism insisting they and they alone can define it. Einstein saw the profound flaws in Capitalism, flaws which every one living through the great depression saw in plain sight, He was concerned enough that he wrote this piece:


The countries I listed are ALL a blend of socialism and capitalism. Canada is socialist with plenty of Capitalist Corporations. The Chinese have outmaneuvered US Capitalists. So are they Capitalist or Communist? After the Berlin Wall was taken down, Russia turned to the USA to restructure its economy and followed the advice of the State Department and Larry Summers. The result was an Oligarchy, a handful of billionaires followed while average incomes dropped by 50%. This set the stage for the rise of Putin who assumed power after Yeltsin resigned in disgrace.which the Government

Whoever owns something has the right to use it as they see fit without violating law. It is important that those properties which the Government owns be managed for the mutual benefit of all citizens. Private property is for the exclusive benefit of the owner. Some things should never be permitted to fall into private hands. Trump is now using his position to cut Public forests as fast as he can. That should be a crime.

I accept your point on the American definition of socialism, which is a grotesque distortion of the truth, deeply ingrained in the US vernacular. This of definition eliminates capitalism entirely which is ridiculous. Why do you call China, Denmark, France or Germany communist or socialist when they operate McDonalds in all those countries? Obviously the US definition has no real world example that can be pointed to anywhere with the possible exception of Iran or North Korea and there only because US sanctions prevent trade. Its likely that other entrepreneurs operate there as well.

Do you now claim China, Canada, Germany and Russia are all now capitalist States? Because they all contain elements of Capitalism. Just as they all contain elements of socialism. And there's nothing wrong with that. The real problems always revolve around corruption, dictatorship, police States...

The US definitions are total BS, engineered by the 1% in their endless class war against workers. The purpose is to vilify the word, As they have accomplished with the word "liberal". The purpose is to take control of all property which has income earning potential, especially monopoly services and markets.

But Government ownership of natural resources, water projects and generating stations, schools, roads military bases are common in this and every other country, yet Americans continue to insist we are not socialist and never want to be socialist. The war against socialism is really a war over the meaning of the word, which has had little impact on how governments operate until extremists like Thatcher and many US Republicans sell off public assets to private interests. The result is always higher costs for consumers. If thee Capitalists did not see an opportunity to monopolize service or market they would have no incentive to buy the properties.

Socialism: a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

Communism: a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.

So the labeling of any country as just socialist or capitalist is all BS because every country is a blend of both.

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