"The fight happening now for the Democratic presidential nomination," wrote Norman Solomon, "largely amounts to class warfare. And the forces that have triumphed in the past are outraged that they currently have to deal with progressive opposition from not one but two candidates... The billionaire class is worried. For the first time in memory, there’s a real chance that the next president could threaten the very existence of billionaires-- or at least significantly reduce their unconscionable rate of wealth accumulation-- in a country and on a planet with so much human misery due to extreme economic disparities." Even before anti-progressive radical Mike Bloomberg jumped into the presidential race Friday, Tom Steyer's campaign was exposed for trying to bribe office holders-- so far only former office holders have been exposed for accepting-- into endorsing his failing campaign. Steyer, who made his billions as a hedge fund manager, has written himself a series of checks to the tune of $47,597,697. He's spent more than any other candidate so far, including Trump. But it hasn't done him that much good. His RealClearPolitics polling average is 0.9%, tucked between Tulsi (1.6%) and Michael Bennet (0.5%). The most recent poll-- from YouGov for The Economist shows he's the first choice of 1% of Democratic primary voters and also the second choice of 1% of Democratic primary voters.
The Morning Consult poll for Politico that came out this morning, shows Bloomberg entering the presidential primary sweepstakes with 4% support, behind Status Quo Joe (31%), Bernie (20%), Elizabeth (18%), Mayo Pete (8%) and Kamala (6%). He's already leading Andrew Yang (3%), Cory Booker (2%), Amy Klobuchar (2%) and everyone else, each of whom is polling at between 0 and 1%. Meanwhile, 31% of Democratic primary voters have a positive impression of Bloomberg and 25%, the highest of any Democrat running, have an unfavorable impression. In a hypothetical matchup against Trump, he's right up there with the real candidates (Steyer, the billionaire version of mere multimillionaire John Delaney, is nowhere to be seen):
On Friday, just as Bloomberg, was announcing his campaign against Bernie and Elizabeth in, of all places, Alabama, Kara Eastman announced she is giving away a max campaign donation she received last year from Steyer. In a statement, Kara said that after reading the news about Steyer's endorsement buying shenanigans in Iowa, "I immediately saw this as an example of the problem of money in politics, an issue that I have campaigned on since the beginning."
Kara isn't exactly rolling in the dough. She's working class candidate from a working class candidate and Steyer's $2,700 contribution is financially meaningful. "While this was well in advance of his declared presidential campaign and was not given to us in exchange for any endorsement, my campaign-- like all campaigns should be-- is founded on transparency and integrity. I am therefore announcing that I will contribute this money to a nonprofit in this district that provides services for Latinx immigrant workers... Last month, when the Omaha World Herald discovered from an anonymous tipster that my opponent, Rep. Don Bacon, had taken several thousand dollars by indicted Giuliani associate Igor Furman, it was only after that these corrupt dollars were exposed that Bacon promised to donate the money to charity. Although, to be honest, he never specified a charity, only that the money would go to the cause of human trafficking. Anyway, I have felt that my campaign needs to be different, to be pro-active."
Please consider helping Kara making up the hole by contributing to her campaign. Click on the 2020 Blue America congressional thermometer on the right and do what you can. Kara's opponent is Nebraska Trump enabler, Donald J. Bacon, a toxic conservative Republican. Kara is running on a platform that includes Medicare-for-All, the Green New Deal, racial and social justice, gun safety, comprehensive immigration reform, debt-free college and other policies that help working families, all issues on which Bacon stands in opposition. She noted in her platform that "The World Bank puts our income inequality on par with some of the poorest and unequal nations in the world. This is dangerous for our economy and damaging to our collective sense of morality. The GOP Tax Plan was a clear hand-out to the very wealthy and large corporations that simply do not need welfare. It was shown to have raised taxes on the middle class and exempted those who can afford to pay their fair share-- this is not fiscal responsibility. We need to ensure that all Americans have a livable wage, are not drowning in student loans and healthcare costs, have healthy, affordable housing, and have a way to care for their children while they go to work. We also need to regulate banks and Wall Street and tax financial transactions to help pay down our debt."
Nate McMurray, like Kara, is running for a second time this cycle. The Republicans are fighting among themselves to see who will run against Nate now that Trumpist Rep. Chris Collins has plead guilty to fraud and resigned from Congress. Raising money for working class candidates like Nate is never easy, compared to business-backed conservatives. "It’s a challenge," he told us today. "The number one way you are evaluated as a candidate is your ability to raise money. We can have 300 people at an event and raise $5,000. The scary thing is that others can have 3 people at an event and raise $5 million. Nonetheless, we have chosen the path of most resistance. We have done everything in our power to resist dark money and money from those who want something in return... No billionaire money in our campaign."
The Morning Consult poll for Politico that came out this morning, shows Bloomberg entering the presidential primary sweepstakes with 4% support, behind Status Quo Joe (31%), Bernie (20%), Elizabeth (18%), Mayo Pete (8%) and Kamala (6%). He's already leading Andrew Yang (3%), Cory Booker (2%), Amy Klobuchar (2%) and everyone else, each of whom is polling at between 0 and 1%. Meanwhile, 31% of Democratic primary voters have a positive impression of Bloomberg and 25%, the highest of any Democrat running, have an unfavorable impression. In a hypothetical matchup against Trump, he's right up there with the real candidates (Steyer, the billionaire version of mere multimillionaire John Delaney, is nowhere to be seen):
On Friday, just as Bloomberg, was announcing his campaign against Bernie and Elizabeth in, of all places, Alabama, Kara Eastman announced she is giving away a max campaign donation she received last year from Steyer. In a statement, Kara said that after reading the news about Steyer's endorsement buying shenanigans in Iowa, "I immediately saw this as an example of the problem of money in politics, an issue that I have campaigned on since the beginning."
Kara isn't exactly rolling in the dough. She's working class candidate from a working class candidate and Steyer's $2,700 contribution is financially meaningful. "While this was well in advance of his declared presidential campaign and was not given to us in exchange for any endorsement, my campaign-- like all campaigns should be-- is founded on transparency and integrity. I am therefore announcing that I will contribute this money to a nonprofit in this district that provides services for Latinx immigrant workers... Last month, when the Omaha World Herald discovered from an anonymous tipster that my opponent, Rep. Don Bacon, had taken several thousand dollars by indicted Giuliani associate Igor Furman, it was only after that these corrupt dollars were exposed that Bacon promised to donate the money to charity. Although, to be honest, he never specified a charity, only that the money would go to the cause of human trafficking. Anyway, I have felt that my campaign needs to be different, to be pro-active."
Please consider helping Kara making up the hole by contributing to her campaign. Click on the 2020 Blue America congressional thermometer on the right and do what you can. Kara's opponent is Nebraska Trump enabler, Donald J. Bacon, a toxic conservative Republican. Kara is running on a platform that includes Medicare-for-All, the Green New Deal, racial and social justice, gun safety, comprehensive immigration reform, debt-free college and other policies that help working families, all issues on which Bacon stands in opposition. She noted in her platform that "The World Bank puts our income inequality on par with some of the poorest and unequal nations in the world. This is dangerous for our economy and damaging to our collective sense of morality. The GOP Tax Plan was a clear hand-out to the very wealthy and large corporations that simply do not need welfare. It was shown to have raised taxes on the middle class and exempted those who can afford to pay their fair share-- this is not fiscal responsibility. We need to ensure that all Americans have a livable wage, are not drowning in student loans and healthcare costs, have healthy, affordable housing, and have a way to care for their children while they go to work. We also need to regulate banks and Wall Street and tax financial transactions to help pay down our debt."
Nate McMurray, like Kara, is running for a second time this cycle. The Republicans are fighting among themselves to see who will run against Nate now that Trumpist Rep. Chris Collins has plead guilty to fraud and resigned from Congress. Raising money for working class candidates like Nate is never easy, compared to business-backed conservatives. "It’s a challenge," he told us today. "The number one way you are evaluated as a candidate is your ability to raise money. We can have 300 people at an event and raise $5,000. The scary thing is that others can have 3 people at an event and raise $5 million. Nonetheless, we have chosen the path of most resistance. We have done everything in our power to resist dark money and money from those who want something in return... No billionaire money in our campaign."
I was thinking over a previous comment I'd made in another thread. Why so many billionaires, I wondered. Maybe this is due to how much money the inept Trump has made that a more "astute" businessman would see as but a first step toward converting presiding over the national government into a private profit generator?
ReplyDeleteWe now have billionaires because every president since Eisenhower has lowered the tax rates on millionaires. In effect, we've been borrowing from the future to give to to the former millionaires... for 40 years now.
ReplyDeleteIf we were just paying them 7% interest on their wealth, it would have doubled 3 times by now (that's a factor of 8 for the math challenged). So a guy with $10 million would now have $80 million.
But we did far more than that. Their marginal rate went from over .9 to .35. The math is a bit more complicated, but take my word for it... after 40 years, given a steady income, they would have doubled about 7 or 8 times, a factor of between 128 and 256. $10m becomes $2.5b.
And their incomes did not stay static. Most of their incomes have increased by multiples also.
The more billionaires we create, the more we worship them. Now we're electing them to be our fuhrer. And even the left yearns for president Oprah.
A society that yearns for billionaires to worship and place on pedestals is probably too sick to be saved. Certainly, asking that society to fix itself cannot possibly yield any good results.