Despite the rhetoric, corporations are still receiving increasingly friendly treatment from governments.
In the past twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half. The payroll tax, paid by workers, has doubled.
The president Obama’s new choices for Commerce secretary is an indication of who the government is for. Penny Pritzker has a personal fortune estimated at $1.85 billion, and is listed by Forbes magazine among the 300 wealthiest Americans.
She pioneered sub-prime operations, out of Superior Bank in Chicago, specifically targeting the poor and working class people of color across the country and ended up crashing Superior for a billion-dollar cost to the government , and creating a personal tragedy for the 1,400 people who lost their savings when the bank failed. Pritzker, whose family controls Hyatt Regency Hotels, has a vile anti-union record.
Tom Wheeler is Obama’s nomination to chair the Federal Communications Commission. Wheeler’s background is as a trade association representative for companies appearing before the Commission, a lobbyist in Congress for other FCC customers, and a venture capitalist investing in and profiting from others whose requests he’ll have to pass on. He has no record of challenging corporate abuse of power on behalf of consumers and the poor. Wheeler’s membership of the Intelligence Advisory Board does not bode well for those who believe in the Fourth Amendment privacy rights.
Obama’s recent appointment of Wall Street insider Mary Jo White as SEC chair is playing out in predictable fashion. In an editorial, the New York Times faulted her role in an SEC decision on regulating the huge derivatives market: “Last week, in her first commission vote, Ms. White led the commissioners in approving a proposal that, if finalized, could leave investors and taxpayers exposed to the ravages of reckless bank trading.”
The two wings of the American Business Party try to separate themselves through their rhetoric. but when it comes to the important issues they both make the exact same decisions. Recognizing that there is no significant difference between the Democratic and Republican Parties is the first step towards class consciousness.
Adapted from here
In the past twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half. The payroll tax, paid by workers, has doubled.
The president Obama’s new choices for Commerce secretary is an indication of who the government is for. Penny Pritzker has a personal fortune estimated at $1.85 billion, and is listed by Forbes magazine among the 300 wealthiest Americans.
She pioneered sub-prime operations, out of Superior Bank in Chicago, specifically targeting the poor and working class people of color across the country and ended up crashing Superior for a billion-dollar cost to the government , and creating a personal tragedy for the 1,400 people who lost their savings when the bank failed. Pritzker, whose family controls Hyatt Regency Hotels, has a vile anti-union record.
Tom Wheeler is Obama’s nomination to chair the Federal Communications Commission. Wheeler’s background is as a trade association representative for companies appearing before the Commission, a lobbyist in Congress for other FCC customers, and a venture capitalist investing in and profiting from others whose requests he’ll have to pass on. He has no record of challenging corporate abuse of power on behalf of consumers and the poor. Wheeler’s membership of the Intelligence Advisory Board does not bode well for those who believe in the Fourth Amendment privacy rights.
Obama’s recent appointment of Wall Street insider Mary Jo White as SEC chair is playing out in predictable fashion. In an editorial, the New York Times faulted her role in an SEC decision on regulating the huge derivatives market: “Last week, in her first commission vote, Ms. White led the commissioners in approving a proposal that, if finalized, could leave investors and taxpayers exposed to the ravages of reckless bank trading.”
The two wings of the American Business Party try to separate themselves through their rhetoric. but when it comes to the important issues they both make the exact same decisions. Recognizing that there is no significant difference between the Democratic and Republican Parties is the first step towards class consciousness.
Adapted from here
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