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•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
•Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
•The single most important problem in economics is the Gap between rich and poor.
•Austerity is the government’s method for widening the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..
If you are outraged by Planned Parenthood, you should learn this:
O’Keefe has produced selectively edited, secretly recorded undercover audio and video encounters with public figures and workers in a variety of organizations, purportedly showing abusive or alleged illegal behavior by representatives of those organizations.
Due to his videos of ACORN workers allegedly aiding a couple in criminal planning, the US Congress voted to freeze funds for the non-profit.
The Association of Community Organizations for Reform Now (ACORN) was a collection of community-based organizations in the United States and internationally that advocated for low- and moderate-income families by working on neighborhood safety, voter registration, health care, affordable housing, and other social issues.
At its peak, ACORN had over 500,000 members and more than 1,200 neighborhood chapters in over 100 cities across the U.S.
ACORN suffered an extremely damaging nationwide controversy after two conservative activists secretly made and released videos of staged interactions with low-level ACORN personnel in several offices, portraying them as encouraging criminal behavior.
Some media publicized the videos without investigation. These videos were later found to have been partially falsified and selectively edited by the activists, James O’Keefe and Hannah Giles.
Four different independent investigations by various state and city Attorneys General and the GAO cleared ACORN, finding its employees had not engaged in the alleged criminal activities and that the organization had appropriately managed its federal funding.
Their reports described the videos as deceptively edited to present the workers in the worst possible light. The national scandal resulted in the non-profit also losing most private funding before investigations were completed.
In March 2010, ACORN (Association of Community Organizations for Reform Now) was close to bankruptcy and had to close most of its offices.
The California State Attorney General’s Office and the US Government Accountability Office found that O’Keefe had misrepresented the actions of ACORN workers.
The loss of funds had been too damaging and by March 2010, ACORN announced it was closing its remaining state chapters and disbanding.
Hmmm . . . Does this sound familiar?
–Funds taken away without investigation.
–A valuable organization closed.
O’Keefe seems to be a serial liar:
O’Keefe was arrested in New Orleans in January 2010 during an attempt to illegally make recordings at the office of United States Senator Mary Landrieu, a Democrat.
(He) initially was charged with malicious intent to damage the phone system, a felony. The charges were reduced from a felony to a single misdemeanor count of entering a federal building under false pretenses. O’Keefe pleaded guilty on May 26.
Sadly, and with the cooperation of the media and the gullibility of the populace, the O’Keefe nonsense continues:
This time, O’Keefe claims his latest sting operation found Hillary Clinton’s presidential campaign breaking the law, when in reality all that happened was the purchase of a t-shirt.
O’Keefe’s Project Veritas Action accused the Clinton campaign of allowing a Canadian tourist to launder money, in the form of allowing a t-shirt to be purchased.
In the video, representatives of the Clinton campaign point out to a woman from Montreal that that the campaign can’t take contributions from anyone who isn’t American.
An undercover activist from Project Veritas then makes the purchase on behalf of the Canadian.
As The Washington Post’s Dave Weigel points out: “There are just two catches. One: No one’s ever thrown the book at an American for purchasing merchandise from a campaign, then giving it to a foreigner as a gift.
Two: The person who takes the Canadian’s money and gives it to the Clinton campaign is the Project Veritas Action journalist.”
O’Keefe held a press conference September 1 to promote the video, where journalists reportedly asked him “Is this a joke?”
O’Keefe’s crew has reportedly already made multiple other attempts to sabotage the Clinton campaign.
Project Veritas last month released a video showing their operative undercover with the Clinton campaign, discussing the registration process and whether they can register people who don’t support Clinton.
A Clinton campaign staffer is then shown telling the Project Veritas operative that they will register anyone who asks, regardless of their presidential preference.
As Time reported, “Nothing in the video shows the Clinton campaign violating the law, or the campaign’s own policy.”
This approach to training volunteers is standard operating procedure across field campaigns, according to a Republican field staffer, who requested anonymity.”
Time reports that in addition to the t-shirt scheme, Project Veritas operatives approached the campaign and attempted to pass a cash donation to volunteers and interns while another told the campaign they wanted to illegally funnel donations through a third party.
These failure-laden sting attempts continue O’Keefe’s pattern of using deceptively-edited videos, childish costumes, and sometimes committing crimes, in a futile campaign to attack the left.
Even Fox News hosts have been embarrassed for O’Keefe, telling him to “give it a rest.”
O’Keefe, knowing the media is careless, the public is clueless and the right-wing is shameless, continues his “shoot-edit-release” efforts.
In recent years, conservative activists, under the guise of journalism, have been churning out undercover “sting” videos supposedly capturing reprehensible behavior by their mostly liberal targets.
Those targets have included low-level workers at ACORN, a fundraiser at National Public Radio, and now officials at Planned Parenthood, among others.
The activists release a series of videos in an effort to build a big takedown story, and the press usually plays along.
Meanwhile, activists coordinate with right-wing media players and members of Congress to generate simultaneous outrage over the clips.
The problem for the activists, and the problem for journalists who excitedly treat the clips as news, is that the videos invariably turn out to be doctored, filled with deceptive edits, and missing context in an effort to manufacture scandal.
The whole cycle has become a media cliché, but it’s one that conservative partisans cheer.
And they’re cheering again this month as the “Center for Medical Progress” releases edited clips to claim Planned Parenthood officials have been caught discussing how the organization “sells the body parts of aborted fetuses” and “haggling” over prices for “baby parts.”
Both incendiary videos have been proven to omit crucial context undermining their central claims.
If you hate Planned Parenthood, and are happy to see the right wing shut down the government unless funding for Planned Parenthood is eliminated, perhaps you should know at least a little about what this organization actually does.
Planned Parenthood Federation of America (PPFA) or often just Planned Parenthood is the largest U.S. provider of reproductive health services, with 97% of its clinical interactions focused on breast and cervical cancer screening, HIV screening and counseling, contraception, and 3% on abortion.
Services provided at locations include contraceptives; long-acting reversible contraception; emergency contraception; screening for breast, cervical and testicular cancers; pregnancy testing and pregnancy options counseling; testing and treatment for sexually transmitted diseases; comprehensive sexuality education, menopause treatments; vasectomies and tubal ligations.
They serve over five million clients a year, 26% of which are teenagers under the age of 19. According to PPFA, 75% of their clients have incomes at or below 150 percent of the federal poverty level.
The fact that Planned Parenthood serves the poor makes them a target for the Republicans, whose allegiance is to the rich.
While the abortions are legal, and comprise only a minuscule part of what PP does, the right wing wishes to “throw out the baby with the bathwater” by closing PP. For example:
Louisiana Governor Bobby Jindal has attempted to sever the contract with Planned Parenthood in his state (where no abortions are provided), at a time when there is an epidemic of syphilis in New Orleans, and where Louisiana ranks first among the states in cases of gonorrhea, second in chlamydia, and third in syphilis and H.I.V., according to the Centers for Disease Control and Prevention.
As Republican Jindal is well aware, the rich can afford prevention and treatment for these diseases.
Planned Parenthood clinics in Louisiana last year administered approximately 20,000 tests for these infections, and provided gynecological examinations, contraceptives, screening for cancer, and other services for nearly 10,000 mostly low-income patients, and there is insufficient access to medical care for the people who now can’t be seen at Planned Parenthood clinics.
Without Planned Parenthood, these tests, screenings, contraceptives and other services would not be affordable for the poor.
Aside from repeated attempts to entrap PP employees via selectively edited videos, the “pro-life” right wing has engaged in horrendous, anti-life activities:
In the US, abortion providers have often been threatened with death, and facilities which provide abortions are frequently attacked or vandalized.
Planned Parenthood clinics have been the target of many instances of violence by anti-abortion activists, including bombing, arson, and attacks with chemical weaponry.
In the self-proclaimed, “religious,” right wing world, violence, bombings, shootings, arson and chemical attacks are considered “pro-life.”
And now we await the shutdown of the government by those who wish to shut down women’s health, all in the same “pro-life” name.
If you don’t see the irony in that, you aren’t as creative as James E. O’Keefe III, video editor, convicted criminal and the guy who sold you the Planned Parenthood myth.
Rodger Malcolm Mitchell
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
The Ten Steps will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.
THE RECESSION CLOCK
Recessions come after the blue line drops below zero.
Vertical gray bars mark recessions.
As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.