The Wealth Gap: An Existential Threat
Posted By: DW626, 5/15/2024 7:35:03 AM
Since 1970 the value of the dollar has steadily declined. The lower 80% of Americans have lost income and purchasing power, largely due to the exodus of manufacturing by global corporations. As a result, the wealth gap between the global rich and the rest has widened. From 2007-2016 the net worth of the richest Americans increased by 20% while the lower 80% decreased by the same percentage, widening the wealth gap considerably. The Federal Reserve sparked this change using quantitative easing to boost the sagging stock market. The rich could invest in this wealth explosion but the rest could not as much.
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DW626"
No one wants to see Hillary Clinton’s play, even in deep-blue New York City. The poor woman can’t draw an audience unless Bill Clinton is there. The former first lady and two-time presidential loser produced a play called ‘Suffs.’ It’s about the American suffrage movement; no one could care less. It’s supposedly the height of Tony Awards season, where shows on Broadway should be packed to the rafters. It shows that even the most ardent liberals find the topic stale (snip) Oh, it’s three hours long. No wonder why people are refusing to buy tickets. It is a three-hour play in which everyone knows the ending.
The Wealth Gap: An Existential Threat
4 replies
Since 1970 the value of the dollar has steadily declined. The lower 80% of Americans have lost income and purchasing power, largely due to the exodus of manufacturing by global corporations. As a result, the wealth gap between the global rich and the rest has widened.
From 2007-2016 the net worth of the richest Americans increased by 20% while the lower 80% decreased by the same percentage, widening the wealth gap considerably. The Federal Reserve sparked this change using quantitative easing to boost the sagging stock market. The rich could invest in this wealth explosion but the rest could not as much.
Michael Cohen is a congenital (and convicted) liar, but when he took the stand as a witness for Alvin Bragg’s “hush money” trial, Cohen said the reason he took a home equity line out to pay Stormy Daniels instead of pulling money out of his checking account is so that his wife wouldn’t see the withdrawal.
Here are a few leads to all Democrat campaign workers posing as journalists and reporting on the trial:
If you take out a home equity line, all the parties owning the home have to sign the document; yet it certainly does not appear that Cohen owned his residence by himself.
Convicted Perjurer Michael Cohen Testifies
Claiming He Lied and Went to Prison to
Protect Trump 12 replies
Claiming He Lied and Went to Prison to
Protect Trump 12 replies
Michael Cohen took the stand Tuesday in what many are calling a theatrical performance in the sham Biden/Bragg hush money trial.
Cohen admitted to lying to Congress and serving prison time, all in a bid to shield the man he now accuses: former President Donald Trump.
Cohen now points a finger and claims, “…To keep the loyalty and to do things [Trump] had asked me to do, I violated my moral compass and I suffered the penalty as is my family,” according to the Washington Post He also admitted to profiting from his connections to Trump for personal gain
This Is Not the 1960s
7 replies
It was inevitable that the American Marxists would go down the road of justifying the current premediated chaos on college campuses by claiming it is no different than the marches, demonstrations, and unrest on college campuses during the 1960s. This absurd comparison is nothing more than a juvenile attempt to wrap Marxism, virulent anti-Americanism, support for Islamic terrorism, and malicious antisemitism in the flags of the Civil Rights and Vietnam War movements.
The impetus behind the Civil Rights and Vietnam War movements, before they were hijacked by the radical Marxists
What the War is About
2 replies
There are times when large wars produces miniscule results, waged only to re-arrange pieces on a chessboard (War of the Spanish Succession) -- and times when small scuffles will make or break a civilization (The battle of Thermopylae).
This is what we are seeing now.
Recognizing such instances is no mean feat. At the battle of Thermopylae, were the Spartans really morally preferable to the Persians? Both had Indo-European leadership, so this was not about race. The Persians were an autocratic tyranny with a semi-divine king, yet the Spartans were a totalitarian monstrosity.
So which side was right?
Nancy Pelosi Wows ‘Em at the Oxford Union
10 replies
On April 25, 2024 the Oxford Union held a debate on the motion that "This House Believes Populism is a Threat to Democracy." And who better to argue the case than former House Speaker Rep. Nancy Pelosi (D-CA)? The only disappointment was that Our Nance did not once utter the words “Our Democracy.”
The reports all tell us that Winston Marshall, one-time musician, absolutely nailed Pelosi, beginning with his remark that “Populism is not a threat to democracy. Populism is democracy.”
But I listened carefully to Pelosi’s speech. She spoke without notes, which sometimes means that the speaker will fail to craft the narrative as precisely as she would wish.
According to a newly unsealed defense motion related to search warrants against Walt Nauta, a lawyer with an attorney-client privilege relationship with President Trump proposed to act as an undercover informant in Special Counsel Jack Smith’s classified documents case.
Recall that Walt Nauta, a former White House employee and Navy veteran who worked valet for Trump and served as a personal staffer at Mar-a-Lago was indicted along with Trump last year.
According to the motion filed earlier this month, a lawyer for Trump was enlisted to act as an undercover informant/source in Jack Smith’s classified documents case.
Conservative Supreme Court Justice Clarence Thomas painted a dark picture of what working in Washington, D.C. is like.
Thomas described the “nastiness and the lies” he and his wife endure during a judicial conference on Friday, adding that the nation’s capital is a “hideous place.” His comments come following a question about working in a polarizing environment, calling it “incredible” to live in a world the way we do now.
“But you have some choices. You don’t get to prevent people from doing horrible things or saying horrible things. But one you have to understand and accept the fact that they can’t change you unless you permit that,”
Freddie Gray was a small-time petty criminal and drug dealer, who back in April of 2015 was arrested for possession of a knife illegal under Baltimore law.
Richly ironic was Gray was hanging out, likely making drug connections, in a Baltimore neighborhood notorious for that. Officers were there that day at DA Marilyn Mosby’s direction in response to community outrage at the lawlessness in the area. Officers made a lawful Terry stop on Gray who ran, was caught and searched, and the knife was found. On the way to jail, Gray was seated in the back of a transport van and was seen and heard to be bashing himself
Benjamin Netanyahu: Not such a bad guy!
5 replies
In the words of Shakespeare: Some are born great, some achieve greatness, and some have greatness thrust upon them. Such is Benjamin Netanyahu.
Presently, the world press is tearing this man down, but he is arguably the greatest world leader of the past fifty years.
Does he have his faults? Yes! Who doesn’t?
But Netanyahu has had to navigate his country’s security through the decades when even his “friends” (Clinton, Bushes 1 & 2, Obama) wanted to enforce policies on Israel that were self-destructive. And his country had little margin of error if things went wrong.
Soon after he announced a new world order, George Bush, Sr. started pressuring Israel
Ironically, a growing number of soldiers once trained in Afghanistan to fight against the Taliban alongside U.S. forces are now teaming up with Russia to defeat Ukraine—not through Wagner Group, but simply through the Russian embassy in Iran.
Ahmad Ehsan (a pseudonym) is one of more than tens of thousands of Afghan interpreters and others who fought alongside U.S. forces and were left behind to be hunted by the Taliban after the U.S. withdrawal from the country in August 2021. With the fear of torture or death, if he’s found, Ehsan used a pseudonym and an encrypted messaging service to communicate with the author.
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The parade of GOP leaders appearing outside the New York City courthouse where former President Donald Trump is on trial is "a little embarrassing," Sen. Mitt Romney, R-Utah, said Wednesday.
"I think it’s a little demeaning to show up in front of a courthouse particularly one where we’re talking about an allegation of paying a porn star," Romney told reporters before a Senate Foreign Relations Committee meeting in Washington. The former president is on trial for allegedly falsifying business records to cover up a hush money payment to porn star Stormy Daniels amid the 2016 presidential election.
A Change.org petition demanding the release of Chiefs kicker Harrison Butker from the team and NFL has gone viral in wake of his controversial graduation speech at a private college in Kansas.
Butker, an outspoken Catholic and married father-of-two, congratulated the women receiving their degrees at Benedictine College in Atchison, Kansas, last weekend, and said most of them were probably more excited about getting married, having children and staying at home to raise them, rather than establishing their careers.
He also assailed Pride month, a particularly important time for the LGBTQ+ rights movement, and President Joe Biden's stance on abortion.
President Joe Biden has proposed two debates with Donald Trump, throwing down the gauntlet in a video message directed at his rival, where he taunts him with 'I hear you're free on Wednesdays.'
Trump, who is in his fourth week of a hush-money trial in New York, is required by the judge to be in court for testimony. Wednesday is the only day the court is not in session.
Biden is proposing their first presidential debate be in late June and the second would occur in September before early voting begins. He proposes a vice presidential debate in July.
CNN is President Joe Biden’s preferred network to host at least one presidential debate, he said Wednesday.
CNN’s Jake Tapper and Dana Bash will host, according to Puck News. (X) Biden’s preferred network, CNN, with sinking ratings, is known to push hoaxes, according to Breitbart News’s John Nolte’s list, “THIS IS CNN”: The Biden campaign said the president would debate Trump only in June and September, without live audiences present. “I’ve received and accepted an invitation from @CNN for a debate on June 27th,” Biden posted on X. “Over to you, Donald. As you said: anywhere, any time, any place.”
President Biden and former President Donald Trump on Wednesday made their plans to officially debate, but the offer from the Biden team came with several strings attached. Trump gave Biden an open invitation to debate anytime, anywhere, and Biden rose to the challenge, telling Trump to "make my day" in a heavily edited video on social media. Alongside Biden's announcement came a letter from his campaign to the Commission on Presidential Debates (CPD), and that letter revealed a few critical limits that Biden's team was placing on any debate between him and Trump.
President Joe Biden and First Lady Jill Biden are carrying a personal debt of up to $815,000, their financial records show, and no one is buying the president's books.
Most of the couple's debt is the mortgage on their Delaware home and an equity loan on that home. Additionally their debt consists of a term loan of about $15,000 and a loan against a mutual fund for about $50,000.
In total, the Bidens reported assets between roughly $1 million and $2.6 million and liabilities between roughly $350,000 and $850,000, according to an Office of Government Ethics form
Joe Biden Already Backing Off 'Any Time,
Any Place' on Debates After Donald Trump
Calls His Bluff 25 replies
Any Place' on Debates After Donald Trump
Calls His Bluff 25 replies
As RedState reported earlier, after months of being egged on by Donald Trump to step up and participate in presidential debates, President Joe Biden said on Twitter Wednesday morning that he was challenging the former POTUS to two of them, which Biden suggested should be held in June and September.
"Well, make my day, pal, I’ll even do it twice," Biden said in a pre-recorded, heavily edited 14-second video. "So let’s pick the dates, Donald – I hear you’re free on Wednesdays."
Itching for the opportunity, the presumptive GOP presidential nominee accepted the challenge, and not long after, it was announced that CNN would be hosting the June debate,
A vulnerable congressional Democrat in the key battleground state of Pennsylvania who previously dismissed a border wall as "silly," appears to have shifted her views on immigration, according to a recent op-ed calling for stricter border security.
"We may be a long way from the U.S.-Mexico border, but the problems created by a broken system affect us too, particularly with regard to the entry of illegal drugs into our country," Rep. Susan WIld wrote in an op-ed published last month in The Morning Call. Wild’s op-ed, which was headlined "Your View by US Rep. Susan Wild: It’s time to do something about the Southern border,"
Forget The Media Spin — Here's Who GOP
Voters Really Favor As Trump's V.P.: I&I/TIPP Poll 22 replies
Voters Really Favor As Trump's V.P.: I&I/TIPP Poll 22 replies
Who should be Donald Trump’s vice presidential running mate? Though no one yet knows who it will be, many people seem to have an opinion about whom it should be. It’s a long list of possible names for the increasingly important vice presidential job, as the latest I&I/TIPP Poll indicates.
As part of our monthly national online poll, taken from May 1-3, we asked 538 Republicans, and those who lean that way, two questions about who they preferred as Trump’s vice president. The poll has a margin of error of +/-4.3 percentage points.
First we asked a straightforward question: “Who is your top choice for Trump’s vice president?”
NY vs. Trump: My experience as an NYC
juror leads me to believe the unthinkable
could happen 20 replies
juror leads me to believe the unthinkable
could happen 20 replies
Having served on three Manhattan juries, I would not be surprised if the 12 men and women hearing New York vs. Donald J. Trump acquitted him of all charges.
During two civil actions and one criminal case, my fellow jurors were serious, professional and movingly civic-minded. A quiet, solemn patriotism infused our deliberations. Several jurors said that we should respect the justice system because, someday, we might need it to respect us. (snip) These three cases confirm that Manhattan juries are sober and perfectly capable of fairness.
This is good news for Trump.
California Gov. Gavin Newsom (D) has turned to climate change to explain how the state went from a $100 billion surplus two years ago to a $28 billion deficit, which would have been even higher prior to drastic actions last month.
As CalMatters noted, deficit estimates ranged from $38 billion to $73 billion:
That prompted Newsom and the Legislature to take “early action” last month to reduce the deficit by more than $17 billion ahead of the regular budget process. Their plan included some program cuts, but mostly relied on new revenue, internal borrowing and funding delays and shifts for savings,
I’ve never been to Red Lobster, but they’re everywhere, at least for now. It’s the nation’s largest seafood chain, and it got cooked over various factors, but one consumer deal appears to have been the straw that broke the camel’s back: the “all you can eat” shrimp deal.
The corporate brass thought this pitch could be the draw to turn around the chain. Instead, it cost them millions, leading to yesterday’s news that Chapter 11 bankruptcy is imminent and will be filed before Memorial Day. Hundreds of millions of dollars in debt are set to be restructured, with dozens of locations slated for closure (via WSJ): (X)