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Home country: USA
Current location: Georgia
Member since: Tue Feb 10, 2004, 01:08 PM
Number of posts: 42,407

About Me

Environmental Scientist

Journal Archives

Under the Bus, Jimmy, Under the Bus you go....


Sunday's Doonesbury: There's a Market For That

Weekend Bernie Group Toons

Nothing Bill Clinton Said To Defend His Welfare Reform Is True

Everything Bill Clinton said Thursday to defend his 1996 welfare reform law was false.

Clinton claimed that he left the program with plenty of money for poor people, suggested that it helped reduce black poverty and that it was only the mean, nasty Republicans from the George W. Bush era who gutted it and hurt the poor. Clinton’s distortions of economic history and his own record are so outrageous that — you will be shocked — it is difficult to believe he was being honest.

Here’s what he told protesters at a campaign rally for Hillary Clinton in Philadelphia:

“They say the welfare reform bill increased poverty. Then why did we have the largest drop in African American poverty in history when I was president? The largest in history. What happened was, all these Republicans got into — the Supreme Court elected President Bush 5 to 4, then all these Republicans took over state legislatures. We left ‘em with enough money to take care of all the poor people who couldn’t go to work on welfare. We left ‘em with the money they had before the welfare rolls went down 60 percent. The Republicans took it away, and blaming me.”

This is not true. Poverty dropped during the Clinton years not because of welfare reform, but because the entire American economy was being juiced by a massive stock market bubble. No credible economist even disputes this. The Clinton bubble was fueled by the aggressive financial deregulatory policies of Clinton and his Federal Reserve chairman, Alan Greenspan. When the stock market bubble burst, millions of people who previously would have received welfare fell into poverty.

Welfare reform was an intentional effort to curb financial assistance to poor people, on the grounds that many were simply too lazy to get a job. Clinton turned over a federal program to states, who were effectively allowed to slash welfare funding and impose new work requirements on people who received assistance. Even Republican co-architects of welfare reform concede that the program ended up hurting the poor.



Bernie Sanders Returns Home To Brooklyn

BRONX, New York (WABC) -- Bernie Sanders is back in the old neighborhood Friday.

The democratic presidential candidate will host two large public rallies in the afternoon, 3 p.m. outside his childhood home in Midwood, then a 5 p.m. rally in a waterfront park in Greenpoint.

His childhood home is on East 26th Street; he graduated from James Madison High School. Hollywood's "The Hulk" Mark Ruffalo is expected to attend that rally.

He will then head to Transmitter Park for an event with actress Susan Sarandon, who lives in Clinton Hill, Brooklyn.

Sanders will be going to Harlem Saturday night for a community event at 6 p.m. the the Apollo Theater on West 125 Street.



Friday TOON Roundup 3 - The Rest







The Issue


Friday TOON Roundup 2 - Taxes

Friday TOON Roundup 1 - Dead Party

Friday Bernie Group Toon Roundup

The Panama Papers expose how the global elite ruined the housing market

Even before the leak of the Panama Papers this week, we knew it was happening. So widespread is the use of central London property as a safe haven for the spoils of the world’s elite that the government had already promised to do something about it. The problem is, it promised so little.

Last year, speaking in Singapore, David Cameron was forced to acknowledge that foreign investment in British housing stock was damaging to the housing market and provided a cover for illegal activities. He agreed to crack down on individuals and organisations using the mask of offshore companies to invest in the UK property market as a means to launder what he called “dirty money”. He described how London property was being snapped up with “plundered and laundered cash” and promised that the UK should not be a “safe haven for corrupt money”. But it wasn’t enough.

In making the speech, Cameron was responding to a growing realisation that, in ushering in foreign investment, the government had also welcomed in a wealthy elite that objected to transparency in its financial dealings. Did we really know what, or who, we were dealing with? More importantly, did we understand how significant an effect their secret spending with the global luxury real estate brokers of Mayfair was having on everyone else, right down to the family trying to buy a modest two-bedroom semi in Chelmsford?

Even Donald Toon, director of economic crime at the National Crime Agency, said the use of ‘corporate wrappers’ and other tactics to launder money had “skewed” the property market. “Prices are being artificially driven up by overseas criminals who want to sequester their assets here in the UK, ” he said last year.

UK property valued at a total of £170bn is held by overseas investors. Of course, not every purchase made by a company registered offshore is an attempt to launder dirty cash or conceal illegal activity. But buying a home through an offshore company structure is one way of escaping the taxes and costs of ownership which the rest of us all have to bear.


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