Watching the Biden Administration essentially negotiate itself out of a minimum wage hike reminds me of all the times during the Obama years when Biden would help the Democrats negotiate itself out of all sorts of things that would benefit ordinary Americans in favor of big business bailouts with no accountability for the Super Wealthy criminals that cratered the economy. Some things never change folks. It was exactly why a criminal was elected President in 2016.
If the Democrats aren’t careful, the next GOP criminal running under the guise of being a disruptor could easily make the Trump years seem like child’s play. Put another way, sold out ordinary Americans have no incentive to preserve a system that only benefits the Super Wealthy and Big Business. There is no shortage of lunatics like Marjorie Taylor Greene or Paul Gosar or malignant sociopaths like Ted Cruz or Josh Hawley ready to step into that breech.
The days when the American taxpayers subsidize Walmart and McDonalds via the food stamp program because they pay their workers starvation wages needs to end now. And if that means the price of a Big Mac or cheap Chinese trinkets reflects their true cost to produce/sell at checkout, so be it.
I know from reading comments here that some of you folks have Donald Trump confused for Santa Claus but has it occurred to anyone that his scapegoating of minorities such as Hispanics and the poor is designed to divert attention from the stealing he and his cronies are doing?
The Whitefish contract was particularly odious for a number of reasons including the fact there are two major publicly traded power line contractors with units based in Florida and Georgia that could have been onsite in Puerto Rico weeks ago, companies that would have neither needed to ramp up employees or find subcontractors. Evidently those companies did not slip Trump or Rick Perry major amounts of campaign ca$h.
I think Mr. Trump has some worse days coming with speculation centering on his son and son-in-law being next up on the chopping block. Trump can not be indicted but he sure can be impeached. The odds on that also greatly went up today.
Next up is the inaugural Slabbed New Media Idiot of the Day Award (IDA) which goes to Fox New’s bleach blonde airhead Tomi Lahren for desecrating the American flag in direct violation of 4 U.S.C. §8(d) “Respect for flag” which states, “The flag should never be used as wearing apparel, bedding, or drapery.” Lahren, always quick to point the finger at NFL players protesting inequality should have remembered that, “When a man points a finger at someone else, he should remember that four of his fingers are pointing at himself.”
Team Trump is very fond of pointing fingers, which is likely what triggered Nassim Taleb to remind everyone of Hammurabi’s code:
Hammurabi's code: He who falsely accuses someone of a crime is to be penaliized as if he committed it himself Applies to all: right,left,…
The pols in DC have been on a spending spree since the turn of the century and our national debt has skyrocketed. Donald Trump has been promising his supporters the great wall of Mexico paid for by the Mexicans and on Twitter he keeps clicking his heels together while repeating that meme evidently in the hopes that if he says it enough, people will accept his alternate version of reality. The problem for Trump, his wall and threats of border taxes on auto makers, beyond simple economics, is the Mexican people do not seem to want to cooperate with Trump’s scapegoating of them and like Trump, the Mexican President also has access to Twitter:
TRUMP, when will you understand that I am not paying for that fucken wall. Be clear with US tax payers. They will pay for it.
Can’t help but notice even our own Tom Callaghan has grown steadily more disenchanted with the choice between a Giant Douche (Trump) and a Turd Sandwich (Clinton). Folks it is far better to laugh than cry:
Breaking news this AM on twitter folks. Look for State Farm to do well in what has been a very favorable venue for them so the case is bound to die there. After all, the NFIP ratepayers are really a bunch of freeloaders and all 5,206,241 of you don’t equal up to one member of the Rust family let alone State Farm in the eyes of the Supreme Court.
Finally for those that missed it last week we have this from PBS and our own Magnum:
Thursday, January 29th, 2015
Baton Rouge, Louisiana
LOUISIANA JOINS IN GIVING BAILOUTS TO WALL STREET!
Well, here we go again. Big banks and major insurance companies are “high-fiving” each other after they won big in Washington last month. We thought lawmakers had learned an expensive lesson after the financial crash in 2008 that led to massive bailouts at taxpayer’s expense. Back then, the financial industry was allowed to carry on high stakes gambling with your money. And now, it’s déjà vu as congress has reopened the casino doors.
Following the 2008 financial meltdown, congress used a little common sense and passed legislation known as Dodd-Frank, that limited banks and insurance companies from engaging in risking investments backed up by the taxpayer. “Go ahead and gamble on high-risk investments if you want, but don’t expect a bailout,” so the logical reasoning went.
High-risk derivatives were one of the major financial culprits that led to the financial reforms. Insurance companies like A.I.G. were insuring risky Wall Street investments, knowing full well that if things went bad, old Uncle Sam would be there to pay for the damage done. And since insurance companies like A.I.G. are regulated at the state level, regulators in Washington paid little attention.
Here’s what happened that caused the financial crisis. Insurance regulators had for years allowed A.I.G and other insurance companies to privatize the gains but socialize the losses. The fat cats at A.I.G. got multi-million dollar bonuses year after year, but when the losses had to be paid, it was the taxpayer, you and me, that were called on to cover all the wild-eyed spending spree that regulators allowed to take place. Continue Reading…………..
Here is what you don’t hear in the mainstream media outlets like the New York Times:
(3) 40 percent of premium dollars going to the NFIP and private insurance companies for program administration, (4) adjusters who wrongly attribute wind damage to the flood program, and (5) 40 percent of federally backed mortgages required to carry insurance do not carry it — have led to premium increases of up to 3,000 percent and much more. Policies now costing $500 can increase to more than $20,000 when rates are fully phased in because structures are deemed out of compliance by Biggert-Waters.
True NFIP reform means clearing the rats off the money, not bankrupting your own people so insurance companies based in Illinois can make a fortune. And that’s the bottom line……..
Gee folks what else is new? I wonder who the boogie man will be this time now that Dickie Scruggs isn’t around.
Texas’ Gregg Cox better get ready because when Ed Rust feels threatened he does very nasty things to people. James Robie now sleeps with the fishes so Ed may need to break out the Wiretapper but I can pretty much guarantee Skadden partner Sheila Birnbaum will be slithering about. Gregg this will get very nasty indeed dude.