Thursday, April 18, 2019

Solid as Sears or rotten as Steven Muchin

What's left of the once the once storied Sears Roebuck & Co has filed suit against it former Chief Executive Officer Eddie Lampert and a string of its high-profile past board members, including Lampert's former Yale roommate, Treasury Secretary Steven Mnuchin, alleging they conspired to steal $2 billion in assets from the company forcing it into bankruptcy. 

Looting the assets of a company and then stiffing all the creditors has been standard operating procedure for 'yuge' business in America ever since Ronald Reagan de-criminalized many of the practices that people like Trump depend on to make these schemes work. But some of these practices aren't completely de-criminalized and the not-so-bright individuals involved do sometimes get caught.

Trump isn't as afraid of the redacted Mueller report as he is of the number of spin-off prosecutions that are still under seal. Trump's ex-lawyer Micheal Cohen alluded to Trump's practice of inflating and deflating the value of assets to his advantage. This is called wire fraud, bank fraud, tax fraud and insurance fraud. Considering the amount of money involved, these offenses potentially carry decades in prison.

This is how white collar crime works, stealing from poor people is applauded; stealing a little from other rich people is just part of the game, stealing a lot (if your victims are rich) gets you Bernie Madoff like prison time.  The reason Lori Loughlin didn't plea bargain her college admission bribery case while Felicity Huffman did is the amount of money involved. Having paid 'only' $14,000 in bribes, Huffman will get a slap on the wrist. Aunt Becky spent hundreds of thousands and will do some significant prison time.  Trump is feverishly scheming to avoid dying in prison. 

Wednesday, April 17, 2019

Trump and his fellow travelers

Trump apparently tuned into his personal network to see the Fox hosts pillory "crazy Bernie" in front of a mob of Trump supporters at a televised town hall event. He turned a deeper shade of orange on the greeting Bernie actually got from the crowd as the Fox shills were unable to control and humiliate Sanders as was their obvious plan. Apparently the average Fox viewer would actually like to pay less for healthcare that is simple and really provides for their needs instead of rich insurance executives.

Trump tweeted his displeasure but was out done by the so-called liberal establishment that was out in force to vilify Bernie for not being a team player and breaking the boycott of Fox. They were also willing to embrace Trump's conspiracy theory that the Fox audience warmed up to Bernie because they were really Bernie supporters and not actual Fox viewers. 

Clinton apologizers won't admit that the 8% of Bernie supporters that didn't vote for Hillary were in fact Republicans, they instead prefer to characterize "Bernie-bros" as misogynists. In reality 15% of Hillary supporters refused to vote for Obama in 2008 calling themselves PUMAs (party unity my ass). If the math seems off on that it's because that Hillary has never been very popular despite the puffery and Obama was. Bernie becomes more popular as more people actually hear what he has to say and it drives conservatives nuts.

Establishment Democrats hate and fear Bernie and actual Progressives because they see their world going away if the middle-class ever comes to power again. A lot of them work in jobs that would no longer exist in a world where Wall St isn't allowed to scam people. An economy has evolved since Reagan where people at the top don't really do anything and get paid handsomely for it. A meritocracy just isn't their thing. 

Monday, April 15, 2019

The enemy within or "Hey this soap seems to be a stone?"

Bernie Sanders has sent a scathing letter to members of the board of the so-called liberal think tank Center for American Progress. He's objecting to CAP pushing a smear campaign against Sanders that focuses on the idea that he makes too much money writing books to be a lefty.

CAP never said a word about the hundreds of millions the Clintons have taken in from so-called speaking fees after delivering media consolidation, Wall St deregulation, free-trade and other give aways to the super rich that must have made Reagan smile down in hell. Their money comes from Clinton devotees with the moniker billionaire attached to their names.

Would we be better off if Clinton had won the election? No question we'd have less truly crazy nonsense going on but the GOP would still have both houses of Congress insuring that we wouldn't really be better off now or in the future. Not that the conserva-dems would ever fix the damage the Clintons did. They're real good at keeping any real conversation about it from even taking place.

We need to be aware that our real enemies are not just the crazy conservatives but the people calling themselves liberal who in fact work for the billionaires as well. They're even more dangerous than the GOP clown car because almost half of Democrats think they're our saviors. This way to the showers folks.