ELIZABETH WARREN CALLS OUT THE GOP GREEDY PIGS AGAINST DECENT WAGES FOR HARD WORKING AMERICANS
The media calls the GOP 100-year war against raising the minimum wage an ideological split. And nothing could be further from the truth. All 228 Republicans in the house voted against fairer minimum wages, while doing nothing about reversing tax laws – termed loopholes – that have caused a sea shift in wealth to the wealthiest Americans.
Teapublican ideology means sociopathic greed unwilling to share anything with the employees who hard work at the bottom of the ladder just to survive. These are the people that Romney, in his selfish heart, believes are just takers hoping for government handouts. And the GOP is right on their real message about this – they don’t give a shit about all the people who struggle to survive every day.
Priebus says the GOP ideology message is not getting through to minorities and we the people are the 99% that the GOP has conducted an economic war against for so many years. But the message is clear to a large majority of Americans who think the minimum wage should be raised, notwithstanding all the GOP excuses/lies to the contrary.
Jesus taught that it was imperative to love your neighbor and give to the poor. In the case of raising the minimum wage – it is not giving but only the right and fair thing to do for hard working people trying to avoid becoming indigent. The cruelest irony is the fact that GOP is mostly populated by Christians who are creationists, and politicians whose only motivation is to get the religious right to vote for them.
What kind of ideology is this? John McCain voted 19 times against raising the minimum wage prior to running for the Presidency in 2008, and when the minimum wage was raised in 2006 from 5.15 to 7.25, true to form he voted against this, perhaps in absentia from one of his (gosh he didn’t know exactly) 9 or 10 residences.
McCain and Romney, the last 2 Republicans to run for the Presidency, typify the GOP ideology. Ideology that is against the public good and for people like the Koch’s who fund the Teapublicans, and sub human weasels like Paul Ryan and Cantor, through Americans for Prosperity (the Koch’s tax free foundation). Americans for Prosperity is only prosperity for the self-chosen few that Congress has enacted all the loopholes for.
The conservative messaging crisis means Americans are beginning to discover that the word conservative equates with the Blockade of Congress erected by the GOP to make certain that nothing good happens for anyone, but the greediest richest sociopathic narcissists. Conservative also means the religious right creationists – the “social conservatives” who are the religious zealots intent on imposing their pre-Dark Age value judgments on all Americans. Of course, their billionaire benefactors must be amused by the antics of their Teaparty pawns who unwittingly advance economic policies against the policies of the Jesus they have accepted in their blessed little hearts to be saved and redeemed for their prior sins.
GOP ideology is to be against paying a fair wage for a fair days work. And this is nothing but born-again Social Darwinism which has metamorphasized into Financial Darwinism, which means survival of the richest. So today, instead of shooting workers striking for subsistence wages, (as the National Guard did when the great philanthropist Andrew Carnegie called the U.S. Government for help in 1892, and the Guard obliged by shooting into the crowd of workers to kill 6 men), our Government allows the minimum wage to stagnate for 4 decades and has deregulated greed which has allowed Wall Street devastate IRAs and hedge funds – while multinational corporations ship jobs and park profits offshore as a function of tax favoritism.
Elizabeth Warren seems to be the only member of Congress with the balls to fight for fairness for the people, for 99% of us. This seems to be a polarization; however who else has started to grill regulators about the self-evident dereliction of their fiduciary and statutory obligations to enforce banking regulations. Elizabeth is not the only lawyer in Congress; therefore, there must be others who smell the stench of probable malfeasance from the prone posture of the SEC, the Fed, the FDIC and FINRA.
From How We Got Swindled by Wall Street Godfathers, Greed & Financial Darwinism:
Section 10(b) of the 1934 Securities Exchange Act makes it “unlawful for any person…to use or employ, in connection with the purchase of sale of any security.., any manipulative or deceptive device or contrivance in contravention of such rules and regulations as the SEC may prescribe.” 15 U.S. C. sec.78j. Rule 10b-5, which implements this provision, forbids the use, “in connection with the purchase or sale of any security, “of any device, scheme, or artifice to defraud” or any other “act, practice, or course of business” that “operates…as a fraud or deceit.” 17 CFR sec. 240. 10b-5 (2000) One of Congress’ primary objectives in passing the act was “to insure honest securities markets and thereby promote investor confidence” after the market crash of 1929. United States v. O’Hagan, 521 U.S. C. 642, 658 (1997) Further Congress wanted “ ‘to substitute a philosophy of full disclosure for the philosophy of caveat emptor and thus achieve a high standard of business ethics in the securities industry.’ “
So far the SEC has not applied the concept of “deceptive device or contrivance” to the lack of substance of Swaps or Mortgage Backed Subprime Bonds – but it is very clear that these bonds and many Swap were definitely securitized. It is self-evident that innovative financial products embody many of the basic elements that rule 10b-5 was designed to address, and this chapter will argue that the SEC has been more derelict
in its responsibilities than anyone has imagined. The controlling issue behind financial products is that they have been manipulated to camouflage and misrepresent risk and the lack of explainable real substance.
SELF-SERVING REGULATORS SERVE THE SELF-INTERESTED ULTRA RICH … 81
Elizabeth, who called out a few regulators about their lack of enforcing regulations, has only just begun to confront the root cause of why the GOP is so against raising the minimum wage as well as avoiding the enforcement of financial regulations. Financial Darwinism, a metastasized form of Social Darwinism, which is based on the modern ethic of – survival of the richest – is the root cause; just as Social Darwinism, with the ethic of “survival of the fittest” was the root cause of why Andrew Carnegie was OK with killing striking workers to stop them from unionizing to be paid enough to support their families.
Sociopathic greed has no concern for finding any self interest in the common good, because the mark of sociopathic behavior to have no concern for other people or society:
Sociopath | Define Sociopath at Dictionary.com dictionary.reference.com/browse/sociopath… You +1’d this publicly. Undoa person with a psychopathic personality whose behavior is antisocial, often criminal, and who lacks a sense of moral responsibility or social conscience.
Is it criminal to commit fraud in creating piles of net worth which led to the 2nd worst economy since 1776 and a vast chasm of financial inequality, with 50,000,000 Americans attempting to survive profound poverty? Is it criminal to confine so many Americans to a cycle of poverty?
So here we are living with the GOP blockade of Congress to thwart the public good; paid for by men like the Koch’s – enabled by Teapublican creationists who have faith in Jesus but not in what he preached. And the sociopathic greed of men like Carnegie in 1892 has not gone away because the lowest wage that successful companies can pay is still the goal.
This is not just about the minimum wage, but about all the people in the middle class that have suffered from the survival of the richest ethic as well; and the empirical evidence of the 30-year war is manifestly apparent in all the foreclosed homes, the lack of jobs, the empty savings accounts, the destroyed pension plans and 401Ks, and the souring profits of Wall Street from contriving financial manipulations called swaps which have no foundational value. Think about what a hiccup could do to “synthetic portfolios” (refer to Jamie Dimon) of $700 trillion to $1.2 quadrillion swap derivatives.
The GOP fight against the minimum wage is not new, and all the excuses why it cannot be raised are nothing but 100 year old lies from the ultra-rich sociopathic greedy narcissists who want to prosper at the expense of everyone else. Who don’t give ½ of a small poop if 50M Americans do not have health insurance, let alone a job?
Elizabeth knows this and so should the rest of us. Spread the word this is a 100-year war!
Buy my book from Amazon, which David Satterfield, former Business Editor of the Miami Herald, 2 times Pulitzer Prize Winner, said this about:
“This should be must-reading for every policy maker in Washington and every student of economics and finance.”