Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘W’

How did we ever get into the mess we’re now in?

Posted by Warm Southern Breeze on Tuesday, October 29, 2019

Democratic Presidential nominee candidates Senators Bernie Sanders (VT) and Elizabeth Warren (MA) continue to make the case that corporate America has harmed, and continues harming, the very field upon which they sow the seeds of their profit.

They further make the case that such governmentally-approved behavior is not merely injurious, but is unsustainable – if not fatal – to those same corporations, and ultimately, to the American economy upon which it feeds.

Citing examples of such greed and rapacious corporate profiteering by their über-wealthy owners and Wall Street overlords (to whom they are fiscally accountable and must share profits), and in conjunction with misguided Federal tax policy (led almost in whole part by Republicans), Senators Warren and Sanders show how overseas and foreign “outsourcing” – all in the name of increased corporate profits – have damaged average American families, including the cities, towns, and states wherein they reside, whom have all witnessed and suffered from wholesale corporate abandonment to foreign soil.

Slow learners are discovering that America’s narsicisstic wealthy “businessman” president – whom they elected, hoping he would be their knight in shining armor coming to their economic rescue – has also sold them out for his own self interests, exactly like his party’s predecessors. They were merely expendable pawns whom he deceived in his egocentric reality show/chess game. They’re merely the red-capped collateral damage in his monkey-business trade war.

Nowhere are the result of such policies more
plainly and painfully evident than in middle America,
where once-thriving factories have become hollowed-out shells

the veritable rotting skeletal corporate detritus which has
fostered and driven
the Opioid Epidemic in many states.

Once-renown industrial cities like Detroit, where the Big Three of the automobile industry – Ford, Chrysler, and General Motors – reigned since the early 1900’s, and supplied high-paying Labor Union wages with genuine, and significant healthcare and retirement benefits to generations of families. Children attended well-funded public schools, states and cities prospered, thrived and expanded exponentially. Teens who chose to attend college or university did so without incurring debt, and training for technically-skilled jobs and labor was supported by almost all secondary schools.

Then, as if seemingly unnoticed, small things began to change. It was if America’s hard-working men and women, and middle-class families had become the proverbial frogs in a pot of water, never noticing the water temperature was increasing, until they were boiled to death… while yet alive.

Life-saving medications like insulin for diabetics, antibiotics to treat and cure once-deadly infections, blood pressure medications which reduced strokes and many other hypertension-associated health problems, even the plastic bags which contained Normal Saline – typically given as adjunctive intravenous therapy in hospitals – began to be manufactured overseas, and along with it, came precipitous price hikes. So-called “pharma bros” took shockingly unjust and unimaginably avaricious pecuniary advantage of old-line medications – which had for years been off-patent – and jacked up their prices 5000%, or more, which placed them out of reach for many whose very lives depended upon them.

The giant, sloppy, wet kiss given to the Pharmaceutical Industry by Republicans under President George W. Bush in Medicare Part D didn’t help. Pharmaceutical companies were allowed to, and did, raise their prices, and Medicare – the single largest purchaser of medications in the world – was forbidden from negotiating for better, lower prices by that same law, which in turn, passed the price increases along to the insured, most of whom live on nominal, and fixed incomes.

Exorbitant pharmaceuticals hold patients hostage to disease,
as hapless physicians and feckless regulators are
paralyzed to become
Wall Street extortionists’ socioeconomic ransom.

https://www.flickr.com/photos/southernbreeze/4611472833/

The Supreme Court’s 2010 ruling in “Citizens United v. Federal Election Commission” which solidified corporate personhood, and essentially said that “money is free speech” has neither helped. For if money was free speech, then the poor man would have none (thus violating the Constitution’s Equal Protection clause of the 14th Amendment, and the First Amendment which guarantees Freedom of Speech), and our laws were, and are, written for all equally.

Neither has the subsequent 2014 Alabama case McCutcheon v. Federal Election Commission which “struck down Read the rest of this entry »

Posted in - Did they REALLY say that?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , | Leave a Comment »

BMW Tapped $3.6 Billion in Federal Reserve Funds During Financial Crisis

Posted by Warm Southern Breeze on Friday, December 3, 2010

BMW Head Quarters in Munich Germany.

BMW Headquarters, Munich, Germany - Image via Wikipedia

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.

BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.

“We tapped into this program in 2008 and 2009 during the financial crisis …Continue…

Posted in - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Two Numbers – ONE BIG, one small

Posted by Warm Southern Breeze on Thursday, December 17, 2009

$9,100,000,000,000

Nine TRILLION, one hundred BILLION…

Remember another number.

Two.

During the reign of King George W. Bush, just TWO of his failed policies have cost Americans $9,100,000,000,000.

What two failed policies are those?

The Bu$h tax cuts, and the creation of a Rx (prescription drug “benefit” written wholly by Big Pharmaceutical industry cronies.

The U.S. Census Bureau’s most current estimation of the population of the United States places 308,171,505 people in the United States as of December 17, 2009.

Put another way, that’s a cost of $29, 529 per person.

As a result of deregulation of the financial industries – banks, insurance and stock brokerages – thus creating one giant incestuous financial orgy, Americans have directly suffered under the thumbs of bankers and insurance companies, while their Wall Street cohorts, in conjunction with imaginative thieves, have twiddled and fiddled to create “investment derivatives” – essentially a Ponzi schemed fiscal fraud – out of thin air. That house of cards having collapsed, has revealed what was suspected all along. Outside the transparent dressing room of his glass house, the king had no clothes.

Driven by greed and an insatiable lust for more, …Continue…

Posted in - Lost In Space: TOTALLY Discombobulated | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment »

 
%d bloggers like this: