Later On

A blog written for those whose interests more or less match mine.

NY Times seems to be rethinking their Hillary Clinton endorsement

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They’ve had an editorial calling for her to release the transcripts of her (highly) paid speeches to Wall Street firms, and now they are running a series on the the failed policies she supported for Libya (The Libya Gamble Part 1, Part 2; Libya quotes)—and of course her support for the Iraq War (which Bernie Sanders opposed and voted against) is well known.

Ms. Clinton’s refusal to let us know what she was telling Wall Street is revealing: it means that she figures that hiding her statements is less damaging than revealing them, and that tells us quite a bit.

Pam Martens and Russ Martens have a column in Wall Street on Parade commenting on the conflicted nature of the Times’ support for Clinton. It’s worth reading. From the column:

. . . When Bill Clinton began his first term as President in 1993, the national debt stood at $4.4 trillion. The country was 217 years old. It had paid for the Revolutionary War, the Civil War, clawed back economically from the 1929 Wall Street crash and Great Depression, paid for World Wars I and II and the Vietnam War. Today, the national debt stands at $19 trillion. It has more than quadrupled in just 23 years. Much of that debt stems from attempting to resuscitate the U.S. economy from the catastrophic 2008 financial crash that resulted from the deregulation of Wall Street under Bill Clinton. Exactly how much of that debt results from ill-advised wars in the Middle East we don’t know because the Department of Defense is a black hole of accounting. But we know it’s in the trillions of dollars.

Curiously, the New York Times video that follows the video of Clinton’s ill-fated adventurism in Libya is a clip of President Obama visiting a batteries plant in Jacksonville, Florida last Friday. In the clip, the President makes a reference to the rhetoric coming from the campaign trail, saying:

“They’re spending all their time talking down America. I don’t know when it became fashionable to do that.”

This is a deceptive ploy from the President – an attempt to silence critics of the status quo on the false narrative that it’s unpatriotic. Hillary Clinton has jumped right in to this ploy, with her new refrain that ‘America never stopped being great.’

Establishment candidates want to avoid the tough questions on how America fell this far this fast because the answers are an indictment of the status quo they hope to perpetuate on behalf of the one percent who pay their way into office and line their pockets when they’re out of office. The answers are also an indictment of the toothless regulators the one percent handpick to oversee their interests in Washington in exchange for campaign financing.

According to the most recent Census Bureau report, 46.7 Americans live in poverty. As Bernie Sanders is alerting Americans on the campaign trail, “There is something profoundly wrong when the top one-tenth of one percent owns almost as much wealth as the bottom 90 percent. There is something profoundly wrong when 58 percent of all new income since the Wall Street crash has gone to the top one percent.”

As we wrote in 2013, we used to be a country with a rich heart. Now we’re the land of the heartless rich. As billionaires’ wealth grows exponentially and hedge fund owners pay a lower tax rate than plumbers and nurses, the number of homeless children in public schools in the U.S. continues to set records, now at 1.36 million – a doubling of the number since before the recession according to Federal statistics. . .


Written by Leisureguy

29 February 2016 at 9:08 am

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