Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Elizabeth Warren’

“Radical reforms” are needed to stabilize economy.

Posted by Warm Southern Breeze on Monday, April 6, 2020

The Financial Times is no slouch organization – neither are they “left-leaning,” nor “liberal,” per se – at least not in the common, modern political sense.

They’re as “conservative” as they come.

And to read that “an irregular and precarious labour market,” combined with “monetary loosening by central banks [that] will help the asset-rich,” the loss of income by ” the young and active,” multiplied by

In short, nothing but “radical reforms” – defined as “reversing the prevailing policy direction of the last four decades” – will save individual nations’ economies, and the global economy at large.

The “laissez faire” attitude toward business, economy, and finance must be replaced by governments taking “a more active role in the economy,” including making “labour markets less insecure.”

Investing in public economic infrastructure, i.e, considering “public services as investments,” reconsidering the notion of “redistribution” of wealth, in conjunction with eliminating “the privileges of the elderly and wealthy,” and implementing “basic income and wealth taxes” will no longer be “considered eccentric.”

In short, “you must offer a social contract that benefits everyone.”

Suddenly (it seems), Bernie’s ideas aren’t so “radical,” anymore.

Suddenly (it seems), Elizabeth Warren’s ideas aren’t “way out in left field.”

Suddenly (it seems), Andrew Yang’s “Freedom Dividend” isn’t “extremist.”

Suddenly (it seems), everything old is new again.

But, you know the saying,

“Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it.”

–– George Santayana (1863-1952), Spanish philosopher, writing in The Life of Reason: The Phases of Human Progress (1905-1906), “Vol. I, Reason in Common Sense”

The post-WWII Bretton Woods agreement, which pegged international currencies to the U.S. Dollar, which was itself based upon the “Gold Standard,” will again be in the fore of discussion, and was unilaterally abolished by then-POTUS Richard Nixon through a series of measures called the “Nixon Shock” which effectively destroyed the Agreement, which was created when the world’s nations assembled in Bretton Woods, New Hampshire to establish a globally stabilizing economic system.

The Federal Reserve writes this about the Bretton Woods agreement:

“The international monetary system after World War II was dubbed the Bretton Woods system after the meeting of forty-four countries in Bretton Woods, New Hampshire, in 1944. The countries agreed to keep their currencies fixed (but adjustable in exceptional situations) to the dollar, and the dollar was fixed to gold. Since 1958, when the Bretton Woods system became operational, countries settled their international balances in dollars, and US dollars were convertible to gold at a fixed exchange rate of $35 an ounce. The United States had the responsibility of keeping the dollar price of gold fixed and had to adjust the supply of dollars to maintain confidence in future gold convertibility.”

Up until the time of the “Nixon Shock,” employees’ wages in the United States had generally kept pace with increases in GDP, or economic output. But after the “Nixon Shock” in 1971, wages have essentially flat-lined, while GDP has risen.

In response to Nixon’s unilateral decision, the ten leading developed nations in the world – Belgium, Canada, France, Germany, Italy, the Netherlands, Japan, Sweden, the United Kingdom, and the United States – entered into an agreement monikered as the Smithsonian Agreement which was a temporary agreement negotiated in 1971 which adjusted the system of fixed exchange rates established under the Bretton Woods Agreement and created a new standard for the dollar, to which other industrialized nations then pegged their currencies to the U.S. dollar.

As Certified Financial Analyst Michael Lebowitz, wrote in 2016, “unshackling the U.S. monetary system from the discipline of a gold standard, allowed the Fed to play a leading role in replacing the Virtuous Cycle with an Un-Virtuous Cycle. Eliminating the risk of global redemption of U.S. dollars for gold also eliminated the discipline, the checks and balances, on deficit spending by the government and its citizens. As the debt accumulated, the requirement on the Federal Reserve to drive interest rates lower became mandatory to enable the economic system to service that debt. And this effectively changed the course of U.S. economic history.”

These observations, and others, are, and have been, borne out by others, as well, such as in February 14, 2019, by Bloomberg writer Noah Smith, who wrote about wage stagnation in part that, “Workers lost a lot of ground between 1973 and 1994, and didn’t make up enough of it between 1994 and 2009. Stronger worker representation within companies, as well as government health care, would help restore some of those losses.”

But perhaps the simplest explanation I’ve ever heard, or read, about the value of good, strong and effective regulation is one which I’ve said for many years, which is this:

Regulations strengthen markets the same way that regulations create competitive sports, and operate machinery. Remove regulations and games become a pointless free-for-all, while removing or changing regulations on an automobile engine (such as through changing timing), and it will self-destruct fairly quickly.

But again, it seems that “Those who cannot remember the past are condemned to repeat it.”

Are our memories truly that Alzheimered?

Or, do we just not give a damn?

I contend that for some, Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , | Leave a Comment »

Dear Bernie, Pick Elizabeth Warren as your VP running mate NOW!

Posted by Warm Southern Breeze on Friday, March 6, 2020

Bernie should announce that he’s choosing Warren for his VP running mate.

U.S. Senators Bernie Sanders (VT-I), and Elizabeth Warren (MA-D).

Ideologically, they’re 2 peas in a pod. Her supporters would (or, at least should) DEFINITELY support Bernie, even since she is no longer running, and would most assuredly pitch in if he named her as his VP choice.

However… the VP is a politically dead-end job, since in the history of our nation, aside from succession, ONLY 5 VPs have ever been elected in their own right.

Only 13 former Vice Presidents have ever been POTUS, who all arrived in office either through succession, or through election apart from succession.

Here’s the break-down:

• A total of 8 POTUSes have died in office – 4 from natural death, and 4 assassinations.

• The majority of VPs who ever became POTUS (8/13) were from a President’s death, so that leaves 5.

• A total of 5 POTUSes were former VPs – Adams, Jefferson, Van Buren, Nixon, and G.H.W. Bush.

It’s worth repeating:

Only 5
former Vice Presidents
were ever
elected
as
President.

That’s 5/45, or 11.1%.

However, the United States Senate website states this about Senators:

“To date,
16 Senators have also served as
President of the United States.
Three Senators,
Warren G. Harding, John F. Kennedy, and Barack Obama moved directly from the U.S. Senate
to the White House.”

That’s 16/45, or 35.5%, of all POTUSes who were ever a Senator.

And 3/16, or 18.75%, were elected as POTUS directly from the Senate.

Historically, and statistically, it doesn’t look good for Biden.

Liz could Read the rest of this entry »

Posted in - Did they REALLY say that?, - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , | Leave a Comment »

The 2020 Democratic Field Narrows

Posted by Warm Southern Breeze on Monday, March 2, 2020

Following the results of the South Carolina Primary, in a period slightly over 24 hours, no less than THREE Democratic contenders have quit the race.

In a seemingly slow burn of  announcements, California businessman Tom Steyer, former South Bend, Indiana Mayor Pete Buttigieg, and Minnesota Senator Amy Klobuchar made their announcements in that order, that they were “suspending” their campaigns to be the Democratic Party’s Presidential nominee.

There are now only three contestants remaining on that island: Vermont Senator Bernie Sanders, former Vice President Joe Biden, and Massachusetts Senator Elizabeth Warren. While Hawaii Representative Tulsi Gabbard technically remains in the race, she has garnered very little popular vote support, and won no delegates.

Tom Steyer, who was unashamedly the solitary candidate of the entire lot of Democratic contenders to support reparations for Blacks, who as a group have categorically continued suffering the effects of racism long after the Civil War ended, was Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , | Leave a Comment »

Trump Again Mocks Warren As “Pocahontas,” Ignorant Of Her Illustrious History

Posted by Warm Southern Breeze on Wednesday, February 12, 2020

Following results of the New Hampshire Democratic Primary, American President Donald “Shithole Country in Chief” Trump, took to Twitter – as usual – and made some bizarre remark about Democratic Senator Elizabeth Warren, who had a somewhat lackluster showing in the Granite State’s first-in-the-nation primaries – though better than Biden – who quickly fled to South Carolina to lick his wounds, remind them he was VP to Obama, and hopefully garner support from among the African-American community there.

Biden hopes for strong Obama-coat-tail-winds, though he’s only getting a puff-and-pass.

The Twitterer in Chief wrote that,

“Elizabeth Warren, sometimes referred to as Pocahontas, is having a really bad night. I think she is sending signals that she wants out. Calling for unity is her way of getting there, going home, and having a “nice cold beer” with her husband!”
https://twitter.com/realDonaldTrump/status/1227417402167742466

What the Idiot in Chief/Liar in Chief apparently doesn’t realize is that Pocahontas was a daughter of a Chieftan, which would make her a Princess.

Though little is known about her early life – save that she was born circa 1597, member of an Algonquian-speaking tribe around the Jamestown area, her real name was Amonute, and had a more private name Matoaka – much more is known about her later life, especially after she married John Rolfe, an English widower who later earned renown as a wealthy tobacco farmer in Virginia.

Before she met Rolfe, she was the victim of a kidnapping scheme, taken to Jamestown, and later Henrico, described as “a small English settlement near present-day Richmond,” where she was held as ransom for weapons and English prisoners taken by her father Wahunsenaca, who was also known as Chief Powhatan.

Once Chief Powhatan learned of Pocahontas’ capture, he was inclined to acquiesce to English demands, and initiated exchange negotiations. During that time, Pocahontas had been in the care of Reverend Alexander Whitaker, then a resident of Henrico, where she learned English, religion, and customs.

Although she had earlier freely married Kocoum in 1610, a man described as a “private captain” by Englishman William Strachey, who also may have been a member of the Patawomeck tribe, the years of her absence as a kidnapping victim and other surrounding circumstances, led to her falling in love with John Rolfe. The Powhatan people had what some would describe as an advanced, or liberalized social society, and a rudimentary form of divorce in which two consenting parties desiring to make a life change, were immediately recognized as such by society.

In 1614, Pocahontas converted to Christianity, and was baptized as “Rebecca,” while in April that year, she and John Rolfe were married, which also resulted in a cessation of the frequent, and often-violently bloody conflicts among the English and Powhatan people, which became known as the “Peace of Pocahontas.”

Shortly after their marriage, she bore a son named Thomas, and the Virginia Company of Read the rest of this entry »

Posted in - Did they REALLY say that?, - Even MORE Uncategorized!, - My Hometown is the sweetest place I know, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , | Leave a Comment »

Biden whistles past Obama graveyard in New Hampshire Debate.

Posted by Warm Southern Breeze on Monday, February 10, 2020

Yesterday evening’s Democratic Debate in New Hampshire, was the 8th of 12 in an ongoing series winnowing the party’s 2020 field of nominee candidates. The Friday night event which lasted from 8 – 11PM EST was held at St. Anselm College in Manchester, and was sponsored by ABC, WMUR, and Apple News.

Moderators George Stephanopoulos and David Muir of ABC, Linsey Davis, Adam Sexton, Monica Hernandez

Candidates former Vice President Joe Biden, former South Bend, Indiana Mayor Pete Buttigieg, Minnesota Senator Amy Klobuchar, Vermont Senator Bernie Sanders, billionaire businessman/entrepreneur Tom Steyer, Massachusetts Senator Elizabeth Warren, and businessman Andrew Yang rounded out the field.

https://twitter.com/538PollBot/status/1225977849829580801
58% of Americans are dissatisfied with the size and influence of corporations in 2020 while 41% are satisfied, according to Gallup polling.

Of course, most people are whistling past their own graveyards, whatever they may be – particularly since most Americans are only one paycheck, one illness, one job loss away from utter devastation and homelessness.

Candidate Biden was consistent throughout the debate, and never ceased to mention that he was with the former POTUS Obama. Clearly, he’s riding Barack’s coattails. Or, at least he’s trying to.

But, let’s look to history to see if we can discern anything of bearing for today.

From an earlier entry titled Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , | Leave a Comment »

Wall Street Pete Buttigieg’s Wine Cave Fundraiser

Posted by Warm Southern Breeze on Friday, December 20, 2019

Imagine… being seated at an exclusively small underground club, with a polished onyx table, reflecting a chandelier with 1500 Swarovski crystals, and being served some of the finest cabernet sauvignon wine which sells for $900 a bottle, with only your closest 20 to 30 billionaire and multi-millionaire friends present.

If that sounds too far-fetched, think again.

That was a recent closed-door Pete Buttigieg fundraiser in Napa Valley, California.

No, it’s not a joke.

Here are a couple screenshot images of an Instagram posting which has now been removed which shows the South Bend, Indiana Mayor rubbing elbows with the filthy rich and powerful.

THIS was the reason “wine caves, $900-dollar-per-bottle wine, and $5000 selfies” were mentioned in the Democrat’s December debate.

And, no, it’s NOT a joke when he’s called “Wall Street Pete.”

Turns out, there’s a good reason for it.

According to Fortune magazine’s October 4, 2019 article entitled Pete Buttigieg Takes Lead as Big Business Candidate in 2020 Field,” “Buttigieg caused controversy this week when Facebook CEO and founder Mark Zuckerberg confirmed that he had emailed the mayor and his team resumes for campaign positions. The pair overlapped during their time at Harvard and have a number of mutual friends.

“In Silicon Valley, the former McKinsey consultant has attended fundraisers hosted on his behalf by Netflix CEO Reed Hastings, Nest Labs co-founder Matt Rogers, and Chelsea Kohler, director of product communications at Uber.

“Buttigieg has also racked up donations from a number of top Facebook executives, as well as Scott Belsky, chief product officer at Adobe, and Wendy Schmidt, the wife of former Google CEO Eric Schmidt. He leads the 2020 field in the amount of online donations he’s received online from California tech employees. Biden, meanwhile, didn’t crack the top five.

“Buttigieg, meanwhile, has been making himself known to the Wall Street set. The combat veteran out-raised all of his political rivals in Connecticut during the third quarter of this year, according to Federal Elections Commission filings. Connecticut is the wealthiest state in the U.S., largely because of its large concentration of Wall Street and Hedge Fund luminaries.”

At the Democrats’ December debate, which Read the rest of this entry »

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , | Leave a Comment »

Elizabeth Warren Campaign Spoofs Facebook And Trump Campaign To Make A Point

Posted by Warm Southern Breeze on Sunday, October 13, 2019

Hillary: “I Saw Donald Trump Secretly Have Sex With Giant Chinese Pigs in Beijing !”

Of course it’s false.

Of course it’s a lie.

Of course it’s outlandish.

Of course it’s absurd.

Of course it’s preposterous.

Of course it’s – to borrow Trump’s words – “bullshit.”

But you know what?

It’s 100% legal to publish such tripe.

As long as it’s called “political” advertising.

Seriously.

100% legal.

And the Chinese are developing a breed of GIANT pig that, on average, is well over 1100 pounds – bigger than a polar bear.

Seriously.

Read the story on the Daily Mail website linked above, or on Bloomberg Business News website here.

A visitor rides on a 750-kilogram (1653 lbs) pig at a farm in Zhengzhou city, Henan province, China. Source: ImagineChina via AP Images

But, more to the point.

The campaign of Democratic candidate for Party Presidential Nominee Elizabeth Warren has recently purposely posted a false political advertisement on Facebook.

Why did her campaign do that?

To Read the rest of this entry »

Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , | Leave a Comment »

Warren Shines At Third Debate

Posted by Warm Southern Breeze on Friday, September 13, 2019

Warren Acts Like Frontrunner Though Polling 2nd or 3rd

At last night’s Democratic candidate debate at HBCU Texas Southern University in Houston – the 3rd in a field winnowed nearly in half – Massachusetts Senator Elizabeth Warren continued to demonstrate how and why she will be the Democratic Party’s nominee for President.

Texas Republican Senator Ted Cruz is also clearly indicating that Massachusetts Senator Elizabeth Warren will likely become the Democratic Party’s Presidential Nominee.

“If Republicans abandon the Second Amendment and demoralize millions of Americans who care deeply about Second Amendment rights, that could go a long way to electing a President Elizabeth Warren.”
– Ted Cruz, at a Christian Science Monitor-sponsored breakfast

“We’re going to see record-shattering Democratic turnout. The only element missing to ensure Democratic victory is demoralizing conservatives so they stay home. I hope we don’t do that.”
– Ted Cruz, in response to Read the rest of this entry »

Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , | Leave a Comment »

Reading Democratic Tea Leaves III

Posted by Warm Southern Breeze on Saturday, August 31, 2019

In keeping with the “Who will be the Democrats’ 2020 Presidential nominee?” theme, I present the following for your perusal.

According to the trend lines, barring any unforeseen events, Elizabeth Warren will overtake Joe Biden in average public support polling within the next couple months. And by July 13-16 – dates of the Democratic National Convention at the Fiserv Forum in Milwaukee, WI – she will be within “striking distance” of becoming the presumptive nominee by being only 5 points below Biden in average polling popularity.

That is, of course, if “Sleepy” “Uncle Joe” Biden’s continued demonstration of foot-in-mouth disease, and discovery of his other troubling and long-time political faux pas and other problematic voting track records – such as being the father of the “Gun Show Loophole” by being instrumental in, and voting for the 1986 Firearm Owners’ Protection Act (FOPA) which the National Rifle Association (NRA) called “the law that saved gun rights” because it rolled back numerous regulations.

The Firearm Owners’ Protection Act (FOPA) created the so-called “Gun Show Loophole,” rapidly accelerated popularity of gun shows, allowed firearm sales via the U.S. Mail, and the Internet, allowed “straw purchases” of firearms, over-ruled at least 33% of the hundreds of lower court rulings interpreting the Gun Control Act, and undid at least 6 Supreme Court rulings.

Joe Biden, as Ranking Democrat on the Senate Judiciary Committe was not merely a proponent of, and voted for the FOPA, he significantly helped advance it by unanimously voting it out of committee. So realistically and ultimately, he bears significant responsibility for the increase in mass shootings and gun violence in America.

“I give credit to Senator HATCH and the National Rifle Association for their willingness to compromise and develop a revised bill that would strike a fair balance between unnecessary restrictions and regulations on lawful owner-ship of rifles and handguns and the legitimate interests of law enforcement in carrying out their responsibilities. I believe the compromises that are now a part of this bill have resulted in a balanced piece of legislation that protects the rights of private gun owners while not infringing on law enforcement’s ability to deal with those who misuse guns or violate laws. During my 12% years as a Member of this body, I have never believed that additional gun control or Federal registration of guns would reduce crime. I am convinced that a criminal who wants a firearm can get one through illegal, nontraceable, unregistered sources, with or without gun control. In my opinion a national register or ban of handguns would be impossible to carry out and may not result in reductions in crime. … However, on the whole, I am satisfied with the revisions to the bill made in committee, and I believe this bill makes improvements to existing law. ”
– Delaware Senator Joe Biden, July 9, 1985 in Congressional Record – Senate, p18229

https://www.govinfo.gov/content/pkg/GPO-CRECB-1985-pt13/pdf/GPO-CRECB-1985-pt13-4-2.pdf

Note that when other candidates’ support declined, Warren’s increased – as seen by Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , | 1 Comment »

Healthcare, Marijuana, Medicare For All, Voting Rights, And More

Posted by Warm Southern Breeze on Friday, March 1, 2019

This prospective legislation (linked below) is “…an indication of the overall appetite for progressive policies in the 2020 Democratic primary race.”

And, it’s about damn time!

Vermont Senator Bernie Sanders -I

I’m sick & tired of hearing folks say that there’s not a nickel’s worth of difference between the Democrats and the Republicans. And face it… if it weren’t for Bernie leading the way last General Election cycle, we very likely wouldn’t be hearing this kind of talk. Seriously.

 

And, while Sen. Kamala Harris exceeded Bernie’s 2016 fundraising “haul” by raising $1.5M in the first 24 hours following announcement of candidacy, Bernie outdid himself this time by raising $6M in 24 hours. THAT is SIGNIFICANT! And, it says that the number of those who believed in him last time, have increased. Plus, he already has the campaign people and mechanisms in place, whereas others – including Harris – do not.

California Senator Kamala Harris -D

I think it’ll be interesting to see how all this shakes out.

Of course, Joe Biden’s likely to be tossed into the mix, but while polls show he has “favorable” ratings with many, including Republicans, Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
%d bloggers like this: