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Ferd Berfel

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Member since: Sat Jan 3, 2015, 12:39 PM
Number of posts: 3,687

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Have WE been Sold OUT? The Chart That Explains Everything

I'm not an economic genius or even wonk so I don't know if he's correct or not. But I found this interesting.


Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent?

It’s the policy, stupid. And here’s the chart that explains exactly what the policy is.

What the chart shows is that the vast increase in the monetary base didn’t impact lending or trigger the credit expansion the Fed had predicted. In other words, the Fed’s madcap pump-priming experiment (aka– QE) failed to stimulate growth or put the economy back on the path to recovery. For all practical purposes, the policy was a flop.

Basic economic theory suggests that when private sector can’t spend, then the government must spend to offset deflationary pressures and prevent a major slump. Cutting the deficits removes vital fiscal stimulus from the economy. It’s like applying leeches to a patient with flu symptoms thinking that the blood-loss will hasten his recovery. It’s madness, and yet this is what Obama and the Congress have been doing for the last six years. They’ve kept their hands wrapped firmly around the economy’s neck trying to make sure the patient stays in a permanent state of narcosis.

That’s the goal, to suffocate the economy in order to reward the thieving vipers on Wall Street. And Obama and the Congress are every bit as guilty as the Fed.

Hillary Clinton's Absurd Bernie Smear: Why Attacking Him From the Left on Healthcare Makes Literally


The Democratic front-runner is starting to feel the Bern, and in desperation she's picking entirely the wrong fight.

After years of the right wing trying one scheme after another to take away Obamacare, it jars the senses to watch Democratic presidential front-runner Hillary Clinton accuse her primary rival, Bernie Sanders, of wanting to take away Obamacare.

Sanders, she now insists, would do so from the left by instituting a program — single-payer healthcare — that would be more progressive than the Affordable Care Act. Yet this possibility is portrayed in the starkest of terms. It’s as if the Clinton campaign saw a house burning down and told the fire department to put it out by setting the house next door on fire to suck up all the oxygen feeding the flames.

The attack is predicated on a bill that Sanders introduced in the Senate in 2013 that would have set up national single-payer. The bill would have required each state to set up its own single-payer program. A federal board would oversee these state programs and take charge of any that don’t meet whatever requirements it lays out. All federal programs – Medicare, Medicaid, SCHIP – would have been folded into these state-run ones.

Netflix Founder Drops $100 Million to Join Billionaire Crusade to Privatize Our Public Schools

Just be aware when you pay your NEXFLIX bill you are supporting rightwingnuts trying to Privatize our schools.


The purses of the privatization movement are bursting with cash.

There’s more evidence that the push to privatize traditional public schools across America is a pet project of Silicon Valley’s billionaire boy’s club.

On Tuesday, Netflix founder and CEO Reed Hastings announced on Facebook that he was creating a $100 million foundation to fund education, which mostly means bankrolling the charter school industry.

“I’m thrilled to announce that I’m funding a new $100m philanthropic fund for education, creatively named the Hastings Fund, through the Silicon Valley Community Foundation,” he wrote. “Neerav Kingsland is the CEO of this fund, and will donate these funds in the best way possible for kids’ education.

Sanders' Millennial Surge Puts Him Ahead of Clinton


Millennials want to see a Sanders vs. Trump matchup.

The latest Rock The Vote/USA Today poll outlines the political leanings of the millennial generation, 18- to 35-year-olds. If the Democratic primary were held today, Sanders has an 11-point lead over Clinton, with young voters supporting Sanders at 46 percent and Clinton at 35 percent.

A Pew Research Survey that came out early last year outlined the tipping point for the millennial generation, which eclipsed baby boomers in the number of voters. This will be the first presidential election since millennials became a political force to be reckoned with. OurTime.org, a youth empowerment organization (not to be confused with OurTime.com, the dating service), has worked since 2011 to register over 350,000 young voters during the last election using its online voter registration tool. "We've known from the beginning that this generation would be a powerful voting block," Johanna Berkson, OurTime's board chair told AlterNet. "That's why we've worked to consistently engage them on the issues critical to them. And once they realize how much progress can be made when they vote for candidates who fight for these issues, they will begin to vote more consistently."

Bernie Sanders could do the impossible: Why Hillary Clinton’s “electability” argument has fallen apa


The nominating convention is still months away, but Sanders has already come farther than anyone ever expected

Bernie Sanders’s presidential campaign has excited progressives and socialists alike in a way that’s unparalleled in modern American history. So far, however, Hillary Clinton has been able to draw substantial support from people who are sympathetic to Sanders’s views and his record, but believe that Clinton is the most electable candidate in the general election against what is sure to be an ultraconservative goblin. However, as polls over the past couple of months have shown, Sanders is showing signs that he’s every bit as a electable as Clinton — and when matched up against certain Republican candidates, he’s polling even better than she is.

In Sanders’s neighboring state of New Hampshire, he has exploded to a 14 point lead over Clinton in the latest Monmouth University poll. New Hampshire is a complicated state politically, a libertarian-leaning bastion in liberal New England, but Sanders fits the role of a rough, charismatic party outsider that New Hampshirites have a history of supporting, so it’s not such a surprise that Sanders is wooing them this time around.

(Sanders, by the way, leads every Republican he was matched up against in New Hampshire by double digits.)

What’s a bit more surprising is the ground Sanders is gaining in Iowa. The latest Quinnipac poll found that Sanders now leads Clinton by 5 percent in the earliest primary state, whose caucus is on February 1. If Sanders is able to beat Clinton there, it’ll give him a decisive victory in the two earliest states in the country (which also happen to be swing states).

And don’t underestimate the importance of Iowa: Barack Obama’s victory there in January 2008 solidified him as a serious threat to Clinton.

Bernie's Insurgent Campaign Is Starting to Make the Corporate Democrats Panic

by Thom Hartmann


If Sanders can pull off a two-state sweep of the early primaries, that would completely change the dynamic of the race.

Now, considering the fact that Bernie Sanders does better than Hillary Clinton in a hypothetical matchup with Republican frontrunner Donald Trump, you'd think the establishment Democrats would be thrilled with these developments. You'd think the people who talk so much about "electability" and how important it is, would be overjoyed that Bernie Sanders, a popular and electable candidate, is moving toward the Democratic nomination.

Apparently not.

Instead of celebrating the rise of a new star, establishment Democrats are freaking out about the possibility of Bernie Sanders winning both Iowa and New Hampshire. Case in point: former Tennessee congressman Harold Ford, Jr., who on MSNBC agreed with Joe Scarborough that establishment Dems could recruit John Kerry or Joe Biden to run if Bernie sweeps both early primary states.

Pretty weird, right?


Fucking Trump has it and he doesn't have a chance of being elected.

Bernie Sander's Plan to Tame Wall Street Riles Team Clinton


Millions of Americans saw “The Big Short” over the holidays. The blockbuster movie, based on the book by Michael Lewis, is a primer on how the crookedness and fraud rampant in the U.S. financial system brought down the global economy in 2008.

If you left the theatre with steam coming out of your ears, you might want to take a look at the Wall Street reform plan just fielded by presidential candidate Bernie Sanders.

Rather than relying on regulators to do a better job of policing the massive financial services sector, Sanders downsizes and leashes the largest players on Wall Street and overhauls the Federal Reserve in an effort to put America’s central bank to work for working families.

“Greed is not good,” Sanders said...(snip)

Clinton Campaign Preemptively Strikes Back

Before the plan was even released, the Clinton campaign was worried.....


Corporatists should be worried. Regardless of which side of the aisle they park their butts

Hillary Clinton Is Not Telling The Truth About Wall Street

And it's damaging her campaign.


Hillary Clinton's campaign spent much of this week waging a dishonest attack on Sen. Bernie Sanders (I-Vt.) and his campaign's Wall Street reform platform. The risky attempt to make inroads with progressives on one of her weakest issues is damaging the credibility of some of her top lieutenants.

Listen to HuffPost's analysis of the Democratic Party's Wall Street flap in this week's "So, That Happened" podcast.

Clinton's attack on Sanders is as simple as it is untrue: Unlike Sanders, Clinton has argued, she is willing to take on "shadow banking" -- a broad term for various financial activities that aren't regulated as strictly as conventional lending.

Sanders has in fact proposed attacking shadow banking in two principal ways: by breaking up big financial firms that engage in shadow banking, and by severing federal financial support for shadow banking activities by reinstating Glass-Steagall.

These would be substantive changes


Yet the Clinton campaign has repeatedly said Sanders is wholly ignoring shadow banking, accusing Sanders of taking a "hands-off" approach


Hill, you're not going to get Progressives to jump ship based on BS, Lies omissions and distortions
Wake up.

Why Bernie Sanders Deserves More Attention Than Hillary Clinton


Why have the media not maintained a focus on Sanders? I think it’s partly because he’s been consistent in his beliefs for four decades in political life.

Have the media stopped feeling “the Bern”? Or has the Democratic Party, which should probably be renamed the Clintoncratic National Committee, extinguished the fire?

It’s both.

Sen. Bernie Sanders deserves far more attention than he’s getting. The 74-year-old frowzy-haired Democratic Socialist from Brooklyn by way of Vermont raised $33 million in the fourth quarter of 2015. That’s just $4 million less than Hillary Clinton.

People vote with dollars, as any tearful hater of money in politics will tell you. When it comes to Sanders, lots of folks throw in small amounts of cash. So when he raises $33 million in three months, it means a lot of people care.

Beyond the fundraising, poll numbers in early primary states justify a much brighter spotlight on Sanders than the media shine.

According to the Real Clear Politics poll average, Clinton is beating Sanders by 50 percent to 37 percent in Iowa. But he’s investing huge resources there, and in caucuses, it’s passion that brings people out. Clinton inspires passion among more Republicans than supporters.


Clinton’s attempt to control the process is understandable. But the party’s willingness to go along is foolish. And the media’s complicity is shameful.
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