Economy

The Economy.

The bribers have paid the media to lead people to believe that they know what is best for the economy. Their economy is one based upon graft, the more money you give to politicians the more likely you are to succeed. Their economic models are derived from complex formulas which provide them with money. Ever wonder why when you read the financial headlines it looks like the end of the world? Bad news sells and motivates people. Making more money for the Bribers and the media while using fear to control the public.

Don't trust the economist. If an economist gets one prediction right they are considered a genus for life, no matter how many inaccuracies they've made in the past and make in the future. While industry-paid economists attempt to dispute the extent to which skyrocketing corporate profits are impacting inflation, the data shows conclusively that profits constituted a much larger portion of price increases last year than at any point in recent history. This is called “price gouging.” The corporate-paid economists attempt to hide the extent to which corporate consolidation has enabled these price increases. These corporate economists don't want to go against the industries that pay their salaries. In other words, when just a few companies dominate an industry, those companies are able to increase their prices more than they would be able to do in a more competitive environment.

The bribed Republicans told us if we just cut the top tax rate on the morbidly rich from the 74% it was at in 1980 down to 27% it would “trickle down” benefits to everybody else as, they said, the “job creators” would be unleashed on our economy. Over the last twenty years the Federal Reserve, Banks, and Corporations have used “Financial Engineering” to manipulate data to not represent the true value. Delivering money to the top 1% of the population who pockets the money knowing that it is a house of cards. Clawbacks are no longer enforced so when a crisis happens the money can't be taken back from the 1% who have stolen the money from the Bribe System.

Republicans claim “I’m fiscally Conservative” and how great their economic policies are, but the truth is they are not better:

• 9 out of the 10 poorest states in the US are Republican.

• 95 out of the 100 poorest counties are Republican.

• 9 out of the 10 richest cities are run by Democrats.

When Reagan came into office; 70% of us were in the middle class, now it's about 45%. People can't afford to live without living in debt. With low wages, people just can't even afford to buy houses. Millions of people have student debt that they'll never be able to pay back. The Republican Reaganomics has wiped out the middle class while giving money to the 1% rich. The Reaganomics of “Trickle Down Economics” was and is a cruel hoax designed to enrich the wealthy and corporations at the expense of the American people. They tell you they want to take things back to the 1980s when life was better, which was before they stole everything from the middle class. It's ironic that they've convinced people to go back to a time before they did this to you, while they are doing this to you, to keep the status quo.

Instead of more general prosperity, we’ve now ended up with the greatest wealth and income inequality in the world, as over $50 trillion was transferred over 40 years from the bottom 90% to the top 1%, where it remains to this day. The middle class has gone from over 60% of us to fewer than half of us. It now takes 2 full-time wage earners to sustain the same lifestyle one could in 1980.

Since the Reagan Era, the Republicans have been defunding the middle class. Fifty trillion dollars have moved out of the pockets of the middle and working class into the pockets of the top 1%. They did this under the rubric of it's going to ensure social stability, be good for you if the rich get richer, and some of the money will “trickle down” to you. It didn't.

The middle-class demise has been happening in the United States pretty aggressively since the 1980s, since the Reagan Revolution. As the middle class has gotten wiped out by Reaganomics. Fifty trillion dollars have flowed to the top 1% from the Middle Class. People are losing their lives. Losing their economic livelihood. Losing their families. Losing their income. Losing everything. People work two jobs just to make ends meet. They thought back in the eighties that they would be doing better than their parents, and now they're doing worse. Their children are doing worse than they are. So what do they do? They turn to violence. They listen to right-wingers who tell them; it's because black people are taking what they deserve. Or it's because of those immigrants flooding across the border with their hordes of children. We need a wall to stop them. They don't realize that a wall is a scapegoat to fool them. They don't realize that they've been screwed by Reagan and the Republican neoliberal policies of the last 40 years. So then come along demagogues saying “the government is still trying to control you.” It's not the fault of the Republicans that you're broke. It's not the fault of the 1% rich in the United States who have become richer by stealing from the Middle Class. They tell you it's the government bureaucrats who are trying to sedate you and keep you down when in reality it is the Bribers who are doing it. The more atomized and unhappy American society becomes the easier it is for them to control.

Corporate Media like to complain when people received a little bit of money from the government during the COVID Pandemic. They never talk about how the Federal Reserve shot Trillions of Dollars to Wall Street (the Bribers). They don't want to inform people about the Corporate Welfare that far exceeds the amount given to the average citizen. When the Stock Market was crashing in March 2020 the Federal Reserve poured Trillions of Dollars into the Bribers buying assets, buying stocks, buying bonds, and buying treasury bills so that they expand the balance sheet during the coronavirus crisis. Actually, it all started in March of 2009 when the Republican Recession was causing a financial crisis – remember the bailouts. The stock market crashed which is why the Federal Reserve went into action, they shut down the treasury and took extraordinary actions never taken in history. The rich people got tons of money and tons of support, way more than working-class people. None of the Mult-Trillions of Dollars that went to the Billionaires is being paid back to the government. But, oh my God, people were able to feed their kids with the small amount of assistance the public received means to the Corporate Media that the average person is the “freeloader.”

The issue with oil is not just supply and demand. We actually have a fairly significant amount of supply and don't have an extraordinary amount of demand. We're not even back to pre-pandemic levels. There is a massive amount of Wall Street speculation that is also causing an increase in gas prices. Remember on April 17, 2020, when the price of Oil went to $-55.90? They should have been paying you to buy gas!

Monopolies have jacked up prices this far above what they should be because they can. Gouging. They use inflation as an excuse. The Corporate Media loves to mention inflation is at a forty-year high, but they rarely mention that corporate profits are at a fifty-year high. Where inflation is coming from? The greedy corporations.

The United States is the only developed country in the world that spends twice as much money per capita every year on healthcare. Over a trillion dollars more than any other country and actually receives worse outcomes. We are the only country in the world where there is a bloated insurance industry sucking the money out of the system. Over five hundred thousand Americans go bankrupt every year because of medical bills – America is the only country where this happens. We're the only country in the world where pharmaceutical prices are tens of times higher than anywhere else in the world. The reason for the high costs is that the Supreme Court legalized bribery – they created the Bribe System. There is an absolutely mind-boggling amount of money floating around between industry, government, and politicians that eventually lands in the pockets of billionaires.

The OpenSecrets Organization reports the amount the healthcare industry spent bribing congress in 2021 was $689,466,798. That is money given to Congress Members and Senators for favors. In 2020 the amount the industry extracted from us was $543 Billion Dollars. This is money that has been stolen from the American people and our economy.

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Talking Points Information

Boomers in their 30s owned 21.3% of the nation’s wealth; Millennials in their 30s today own 4.6% of the nation’s wealth. The wealth has gone to the top 1%.

Trickle Down Economics” didn't work for the middle-class, but it worked great for the 1%.