The Big Ass Second Term/Politics thread part VI: There's an election this year?

[KevinNYC]

The Republicans have a shot at taking control of the Senate:

NY TIMES: Coin Flip. Republicans currently have a 53 percent chance

Washington Post : Republicans are likely to take control of the Senate.
82% chance as of today

538: Toss up leaning toward GOP
The new forecast is for a Republican gain of 5.7 seats. So it

[Norcaliblunt]

30 MILLION PRODUCTIVE JOBS TO REBUILD US INFRASTRUCTURE, INDUSTRY AND AGRICULTURE: THE PROGRAM TO END THE ECONOMIC DEPRESSION

The US and the world are gripped by a deepening economic depression. There is no recovery and no automatic business cycle which will revive the economy. This bottomless depression will worsen until policies are reformed. The depression results from deregulated and globalized financial speculation, especially the $1.5 quadrillion world derivatives bubble. The US industrial base has been gutted, and the US standard of living has fallen by almost two thirds over the last four decades. We must reverse this trend of speculation, de-industrialization, and immiseration. Current policy bails out bankers, but harms working people, industrial producers, farmers, and small business. We must defend civil society and democratic institutions from the effects of high unemployment and economic breakdown. We therefore demand:

1. Measures to reduce speculation and minimize the burden of fictitious capital: End all bailouts of banks and financial institutions. Claw back the TARP and other public money given or lent to financiers. Abolish the notion of too big to fail; JP Morgan, Goldman Sachs, Citibank, Wells Fargo and other Wall Street zombie banks are insolvent and must be seized by the FDIC for chapter 7 liquidation, with derivatives eliminated by triage. Re-institute the Glass-Steagall firewall to separate banks, brokerages, and insurance. Ban credit default swaps and adjustable rate mortgages. To generate revenue and discourage speculation, levy a 1% Tobin tax (securities transfer tax or trading tax) on all financial transactions including derivatives (futures, options, indices, and over the counter derivatives), stocks, bonds, foreign exchange, and commodities, especially program trading, high-frequency trading, and flash trading. Set up a 15% reserve requirement for all OTC derivatives. Use Tobin tax revenue and a revived corporate income tax to provide immediate tax relief to individuals, families, the self-employed, and small business by increasing personal exemptions and standard deductions. Stop all foreclosures on primary residences, businesses, and farms for five years or the duration of the depression, whichever lasts longer. Set a 10% maximum rate of interest on credit cards and payday loans. Re-regulate commodities markets with 100% margin requirements, position limits, and anti-speculation protections for hedgers and end users to prevent oil and gasoline price spikes. Enforce labor laws and anti-trust laws against monopolies and cartels. Restore individual chapter 11.

2. Measures to nationalize the Federal Reserve, cut federal borrowing, and provide 0% federal credit for production: Seize the Federal Reserve and bring it under the US Treasury as the National Bank of the United States, no longer the preserve of unelected and unaccountable cliques of incompetent and predatory bankers. The size of the money supply, interest rates, and approved types of lending must be determined by public laws passed and debated openly, passed by the congress and signed by the president. Stop US government borrowing from zombie banks and foreigners -- let the US government function as its own bank. Reverse current policy by instituting 0% federal LENDING with preferential treatment for tangible physical production and manufacturing of goods and commodities, to include industry, agriculture, construction, mining, energy production, transportation, infrastructure building, public works, and scientific research, but not financial services and speculation. Issue successive tranches of $1 trillion as needed to create 30 million union-wage productive jobs and attain full employment for the first time since 1945, reversing the secular decline in the US standard of living. Provide 0% credit to reconvert idle auto and other plants and re-hire unemployed workers to build modern rail, mass transit, farm tractors, and aerospace equipment, including for export. Extend 0% federal credit for production to small businesses like auto and electronics repair shops, dry cleaners, restaurants, tailors, family farms, taxis, and trucking. Maintain commercial credit for retail stores. Create an unlimited rediscount guarantee by the National Bank for public works projects to provide cash to local banks for bills of exchange pertaining to infrastructure and public works. Repatriate the foreign dollar overhang by encouraging China, Japan, and other dollar holders to place orders for US-made capital goods and modern hospitals. Revive the US Export-Import Bank. Set up a 10% tariff to protect domestic re- industrialization. Nationalize and operate GM, Chrysler, CIT, and other needed but insolvent firms as a permanent public sector. Maintain Amtrak and USPS.

3. Measures to re-industrialize, build infrastructure, develop science drivers, create jobs, and restore a high-wage economy: state and local governments and special government agencies modeled on the Tennessee Valley Authority will be prime contractors for an ambitious program of infrastructure and public works subcontracted to the private sector. To deal with collapsing US infrastructure, modernize the US electrical grid and provide low-cost energy with 1,000 fourth generation, pebble bed, high temperature reactors of 1,000 to 2,000 megawatts each. Rebuild the rail system with 50,000 miles of ultra-modern maglev Amtrak rail reaching into every state. Rebuild the entire interstate highway system to 21st century standards. Rebuild drinking water and waste water systems nationwide. Promote canal building and irrigation. For health care, build 1,000 500-bed modern hospitals to meet the minimum Hill-Burton standards of 1946. Train 250,000 doctors over the next decade. The Davis-Bacon Act will mandate union pay scales for all projects. For the farm sector, provide a debt freeze for the duration of the crisis, 0% federal credit for working capital and capital improvements, a ban on foreclosures, and federal price supports at 110% of parity across the board, with farm surpluses being used for a new Food for Peace program to stop world famine and genocide. Working with other interested nations, invest $100 billion each in: biomedical research to cure dread diseases; high energy physics (including lasers) to develop fusion power and beyond; and a multi-decade NASA program of moon-Mars manned exploration, permanent colonization, and industrial production. These science drivers will provide the technological spin-offs to modernize the entire US economy in the same way that the NASA moon shot gave us microchips and computers in the 1960s. These steps will expand and upgrade the national stock of capital goods and enhance the real productivity of US labor. Return the federal budget and foreign trade to surplus in 5 years or less.

4. Measures to defend and expand the social safety net: Restore all cuts; full funding at improved levels for Social Security, Medicare, Medicaid, food stamps, jobless benefits, WIC, Head Start, and related programs. Offer Medicare for All to anyone under 65 who wants it at $100 per person per month, with reduced rates for families, students, and the unemployed. Pay for this with Tobin tax revenues and TARP clawback, and by ending the Iraq and Afghan wars. Seek to raise life expectancy by five years for starters. No rationing or death panels; savings can come only by finding cures. Quickly reach a $15 per hour living wage. Repeal the Taft-Hartley Act and affirm the right to organize. Pass card check to promote collective bargaining.

5. Measures to re-launch world trade and promote world recovery: Create a new world monetary system including the euro, the yen, the dollar, and the ruble, plus emerging Arab and Latin American regional currencies, with fixed exchange rates and narrow bands of fluctuation enforced by participating governments. Institute clearing and gold settlement among member states. Replace the IMF with a Multilateral Development Bank to finance world trade and infrastructure. The goal of the system must be to re-launch world trade through exports of high-technology capital goods, especially to sub-Saharan Africa, south Asia, and the poorer parts of Latin America. Promote a world Marshall Plan of great projects of world infrastructure, including: a Middle East reconstruction and development program; plans for the Ganges-Bramaputra, Indus, Mekong, Amazon, and Nile-Congo river basins; bridge-tunnel combinations to span the Bering Strait, the Straits of Gibraltar, the Straits of Malacca, the Sicilian narrows, and connect Japan to the Asian mainland; second Panama canal and Kra canals; Eurasian silk road, Cape to Cairo/Dakar to Djibouti, Australian coastal, and Inter-American rail projects, and more. American businesses will receive many of these orders, which means American jobs.

This program will create 30 million jobs in less than five years. It will end the depression, rebuild the US economy, improve wages and standards of living, re-start productive investment, and attain full employment with increased levels of capital investment per job. Most orders placed under this program will go to US private sector bidders. Because of the vastly increased volume of goods put on the market, inflation will not result.

[Norcaliblunt]

http://www.taxwallstreetparty.org

Our Program

A One-Two Punch for Economic Recovery:

1% Wall Street Sales Tax

Wall Street speculators

[Norcaliblunt]

http://danfornebraska.com

About Dan


Abraham Lincoln famously warned that

[Norcaliblunt]

http://www.taxwallstreetparty.org/co...l-street-party


A New Party Is Born

The two-party system has become an intolerable straitjacket on the hopes and dreams of the American people. More than ever, we need a viable alternative to a future of budget cuts, unemployment, despair and war.

Who Will Pay for the Depression? Working People or Wall Street

We have been told that our nation is approaching a

[Norcaliblunt]

Tax Wall Street Party hopes to shake up Nebraska Senate race

05/16/2014
Lincoln, NE: Just days after the primary victories of Ben Sasse (R) and Dave Domina (D), a new voice is entering the race for US Senate in Nebraska.

Dan Buhrdorf, a resident of Lincoln, has announced his candidacy with the Tax Wall Street Party. This is the first US Senate race for the Tax Wall Street Party, which in 2013 ran Randy Credico for mayor of New York City.

Buhrdorf

[Norcaliblunt]

http://www.credico2014.com

Randy Credico for Governor of New York

[Breezy]

Part of me wants you to get all that just so I can have the satisfaction of saying I told you so as the nation goes down in flames.

[KevinNYC]

Yesterday might have been one of the more consequential days in the Obama presidency.

CIA searched Intelligence Committee computers

A behind-the-scenes battle between the CIA and Congress erupted in public Tuesday as the head of the Senate Intelligence Committee accused the agency of breaking laws and breaching constitutional principles in an alleged effort to undermine the panel’s multi-year investigation of a controversial interrogation program.

Chairman Dianne Feinstein (D-Calif.) accused the CIA of *secretly removing documents, searching computers used by the committee and attempting to intimidate congressional investigators by requesting an FBI inquiry of their conduct — charges that CIA Director John Brennan disputed within hours of her appearance on the Senate floor.

http://www.newsweek.com/cia-pushes-b...-senate-231600

CIA Pushes Back Against Accusations That it Spied on Senate

Remember that fight in between the Senate and the CIA in March? Now they did an internal report and the the
CIA admits spying on the Senate Intelligence Committee

C.I.A. Admits Penetrating Senate Intelligence Computers

An internal investigation by the Central Intelligence Agency has found that its officers improperly penetrated a computer network used by the Senate Intelligence Committee to prepare its damning report on the C.I.A.'s detention and interrogation program.

The report by the agency’s inspector general found that C.I.A. officers created a fake online identity to gain access on more than one occasion to computers used by members of the committee staff, and tried to cover their movements as they rooted around the system, according to an official with knowledge of the investigation’s findings.

A statement issued Thursday morning by a C.I.A. spokesman said that John O. Brennan, the agency’s director, had apologized to the two senior members of the intelligence committee and would set up an internal accountability board to review the issue. The statement said that the board, which will be led by former Senator Evan Bayh, an Indiana Democrat, could recommend “potential disciplinary measures” and “steps to address systemic issues.

[KevinNYC]

So far the head of the CIA still has a job. He apologized to Senators this week.

Members of the Senate Intelligence Community expressed vindication but some made clear that their animosity toward Brennan persists. One, Sen. Mark Udall (D-Colo.), said he had “lost confidence in John Brennan,” citing “the unprecedented hacking of congressional staff computers,” damaging leaks about the committee’s interrogation probe and Brennan’s “abject failure to acknowledge any wrongdoing by the agency.”

White House spokesman Josh Earnest said President Obama supports Brennan and disputed that the CIA director’s reversal on the clash with Congress had damaged his credibility. “Not at all,” Earnest said, noting that Brennan had initiated the inspector general review.

“He currently is operating in a very difficult environment to ensure the safety of the American public,” Earnest said. “He is somebody who has a very difficult job, who does that job extraordinarily well.”

The thing that saves him might be he wasn't at the CIA when the spying occurred.

[Dresta]

Walls and walls of imbecility from Norcaliblunt. The misinformation and self-delusion is quite mind-boggling.

[Norcaliblunt]

Walls and walls of imbecility from Norcaliblunt. The misinformation and self-delusion is quite mind-boggling.

What's your policy initiative? The same as Andrew Mellon? "Liquidate labor, liquidate stocks, liquidate farmers"? Deregulation then a deflationary crash? Take your ass back to Austria with that bull shit you unAmerican bastard.

And KevinNYC quit fronting like a liberal and be one by supporting Randy Credico for Governor of New York.

[Patrick Chewing]

http://www.credico2014.com

Randy Credico for Governor of New York

LOL

[Norcaliblunt]

Help fight austerity!!!!!

http://againstausterity.org

The goal of the UFAA is to advance a program of radical economic reform, based on The American System of Political Economy, as practiced by Alexander Hamilton, Abraham Lincoln, Franklin D. Roosevelt and John F. Kennedy.

[Norcaliblunt]

All the New Yorkers, Randy Credico for Governor 2014!!!

SEND WALL STREET A MESSAGE: PUT THE ‘TAX WALL STREET PARTY’ ON THE NOVEMBER BALLOT!


https://www.facebook.com/pages/Randy...11174312385339

FOR A WALL STREET SALES TAX
FOR A NEW DEAL JOBS PROGRAM
FOR A FAIR MINIMUM WAGE
FOR INFRASTRUCTURE BONDS
FOR MEDICARE-FOR-ALL
FOR FREE CITY COLLEGE
AGAINST “STOP AND FRISK”