jackovesk
21st February 2012, 01:24
02/20/2012
http://vscdn.s3.amazonaws.com/wp-content/uploads/2012/02/Worst-of-the-1-percent.png
Ah, the 1%: the moguls and oligarchs who currently rule the roost from on high in the United States. They control the majority of the wealth and assets of the country, buy our politicians with the flick of a few bucks and have the ability to hold sway over the legislative process to their own advantage. They are the few against the many, but because of their wealth and influence, they hold the reins on the monopoly.
But who are they?
The Bravenew Foundation has launched an ad campaign detailing their misdeeds in short, one minute exposes to educate us all on how they exploit the rest of the citizenry. Some of the names will be familiar, while some might not be.
So let’s meet them, shall we?
1. Rob Walton, Chairman of Walmart
Most of us are familiar with the Walmart chain and shudder when they move into the neighborhood. They have an unsettling history of putting small businesses out of business because of their ability to undercut the competition at the knees. They’re also the nation’s largest employer, with over 1.39 million employees as of 2005. Despite raking in over $400 billion in annual revenue, the company has refused to provide health insurance to its employees, which forces those employees to depend on federal and state funded health care programs, like Medicaid, shifting the biggest cost of running their business onto the American taxpayers, as the AFL-CIO documented in a report from 2006:
“Wal-Mart’s refusal to pay decent wages and provide affordable health insurance to its workers puts it atop the list in at least 19 of the 23 states surveyed here. This abuse of poverty health care programs means Wal-Mart is directly contributing to the nation’s Medicaid crisis.”
Meet Rob Walton:
http://www.youtube.com/watch?v=HyJn1CW0hbw&feature=player_embedded
http://www.youtube.com/watch?v=HyJn1CW0hbw&feature=player_embedded
2. Lloyd Blankfein, CEO of Goldman Sachs
Goldman Sachs, the company that maintains a revolving door with Washington and the White House even today under President Obama, has been Public Enemy #1 for years. They were one of the major players in the financial meltdown and mortgage crisis of 2008, and yet, their CEO, Lloyd Blankfein, remains free as a bird. Maybe it’s because he said this about his company in 2009:
“We’re very important. We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle,” adding that he’s just a banker “doing God’s work.”
Yeah, because Jesus loved those money-changers bankers so very, very much!
Meet God’s holy worker, Lloyd Blankfein:
http://www.youtube.com/watch?v=p-qmG7R4uGs&feature=player_embedded
http://www.youtube.com/watch?v=p-qmG7R4uGs&feature=player_embedded
3. Pete Peterson Blackstone Group
This was one that I hadn’t heard of. He’s the co-founder of the Blackstone Group, a private equity firm similar to Mitt Romney’s Bain Capital, which swoops in to restructure companies through leveraged buyouts, make their millions, then watch as the companies tank and their employees lose their jobs. He’s also the Chairman of the Peter G. Peterson Foundation, a conservative think tank that has slipped millions of dollars to right-wing organizations, including:
■ Committee for Economic Development: $1,000,000
■ Center for the Study of the President and Congress: $700,000
■ Committee for a Responsible Federal Budget: $880,000
■ AmericaSpeaks: $50,000
■ Concord Coalition: $1,500,000
■ Institute for Advanced Policy Solutions at Emory University: $600,000
■ Nuclear Threat Initiative: $3,000,000
■ Peterson Institute for International Economics: $150,000
Oh, and he would like to see Social Security dismantled.
Meet Pete Peterson:
http://www.youtube.com/watch?v=URdvPNSlDKA&feature=player_embedded
http://www.youtube.com/watch?v=URdvPNSlDKA&feature=player_embedded
4. Jamie Dimon, CEO of JP Morgan Chase
Jamie Dimon does not like the 99%. He feels that he and his kind are being demonized by the majority, and that’s just not fair, gosh darn it!
“I’ve disagreed right from the beginning of this blanket blame of all banks. I don’t like that. I think that’s just a form of discrimination that should be stopped.”
What on earth could have caused such “discrimination?” Well, let’s take this into consideration, from SourceWatch:
“A team within JP Morgan developed many of the financial products like credit derivative[s], which almost brought down the financial system in 2008 […] The purpose behind credit derivatives was to enable JP Morgan to circumvent regulatory capital requirements. The company successfully convinced regulators that it could use credit derivatives to shift risk associated with the loans it made. Therefore, it did not need to set aside capital to cover losses in the event that borrowers defaulted. With credit derivatives, JP Morgan not only succeeded in shifting risks off its own books, but created a rapidly expanding market which raked in billions in fees for financial institutions.”
Actually, they did bring down the financial system, and will probably do so again – in our lifetimes.
Meet Jamie Dimon:
http://www.youtube.com/watch?v=sJRiVTA9hts&feature=player_embedded
http://www.youtube.com/watch?v=sJRiVTA9hts&feature=player_embedded
5. Rupert Murdoch, President of News Corp
Fox News, News of the World, hacking, climate change denials, disinformation and outright lies…need I say more?
Meet Rupert Murdoch (although you probably know him well enough already):
http://www.youtube.com/watch?v=ab1Q_IAUh1E&feature=player_embedded
http://www.youtube.com/watch?v=ab1Q_IAUh1E&feature=player_embedded
http://current.com/16q94kc
PS - Now you don't exactly have to be a Rocket Scientist to work it out do ya..?!!!
...................:boom:
:lever:..http://bestanimations.com/Sci-Fi/Spaceships/Rockets/Rocket-01-june.gif
http://vscdn.s3.amazonaws.com/wp-content/uploads/2012/02/Worst-of-the-1-percent.png
Ah, the 1%: the moguls and oligarchs who currently rule the roost from on high in the United States. They control the majority of the wealth and assets of the country, buy our politicians with the flick of a few bucks and have the ability to hold sway over the legislative process to their own advantage. They are the few against the many, but because of their wealth and influence, they hold the reins on the monopoly.
But who are they?
The Bravenew Foundation has launched an ad campaign detailing their misdeeds in short, one minute exposes to educate us all on how they exploit the rest of the citizenry. Some of the names will be familiar, while some might not be.
So let’s meet them, shall we?
1. Rob Walton, Chairman of Walmart
Most of us are familiar with the Walmart chain and shudder when they move into the neighborhood. They have an unsettling history of putting small businesses out of business because of their ability to undercut the competition at the knees. They’re also the nation’s largest employer, with over 1.39 million employees as of 2005. Despite raking in over $400 billion in annual revenue, the company has refused to provide health insurance to its employees, which forces those employees to depend on federal and state funded health care programs, like Medicaid, shifting the biggest cost of running their business onto the American taxpayers, as the AFL-CIO documented in a report from 2006:
“Wal-Mart’s refusal to pay decent wages and provide affordable health insurance to its workers puts it atop the list in at least 19 of the 23 states surveyed here. This abuse of poverty health care programs means Wal-Mart is directly contributing to the nation’s Medicaid crisis.”
Meet Rob Walton:
http://www.youtube.com/watch?v=HyJn1CW0hbw&feature=player_embedded
http://www.youtube.com/watch?v=HyJn1CW0hbw&feature=player_embedded
2. Lloyd Blankfein, CEO of Goldman Sachs
Goldman Sachs, the company that maintains a revolving door with Washington and the White House even today under President Obama, has been Public Enemy #1 for years. They were one of the major players in the financial meltdown and mortgage crisis of 2008, and yet, their CEO, Lloyd Blankfein, remains free as a bird. Maybe it’s because he said this about his company in 2009:
“We’re very important. We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle,” adding that he’s just a banker “doing God’s work.”
Yeah, because Jesus loved those money-changers bankers so very, very much!
Meet God’s holy worker, Lloyd Blankfein:
http://www.youtube.com/watch?v=p-qmG7R4uGs&feature=player_embedded
http://www.youtube.com/watch?v=p-qmG7R4uGs&feature=player_embedded
3. Pete Peterson Blackstone Group
This was one that I hadn’t heard of. He’s the co-founder of the Blackstone Group, a private equity firm similar to Mitt Romney’s Bain Capital, which swoops in to restructure companies through leveraged buyouts, make their millions, then watch as the companies tank and their employees lose their jobs. He’s also the Chairman of the Peter G. Peterson Foundation, a conservative think tank that has slipped millions of dollars to right-wing organizations, including:
■ Committee for Economic Development: $1,000,000
■ Center for the Study of the President and Congress: $700,000
■ Committee for a Responsible Federal Budget: $880,000
■ AmericaSpeaks: $50,000
■ Concord Coalition: $1,500,000
■ Institute for Advanced Policy Solutions at Emory University: $600,000
■ Nuclear Threat Initiative: $3,000,000
■ Peterson Institute for International Economics: $150,000
Oh, and he would like to see Social Security dismantled.
Meet Pete Peterson:
http://www.youtube.com/watch?v=URdvPNSlDKA&feature=player_embedded
http://www.youtube.com/watch?v=URdvPNSlDKA&feature=player_embedded
4. Jamie Dimon, CEO of JP Morgan Chase
Jamie Dimon does not like the 99%. He feels that he and his kind are being demonized by the majority, and that’s just not fair, gosh darn it!
“I’ve disagreed right from the beginning of this blanket blame of all banks. I don’t like that. I think that’s just a form of discrimination that should be stopped.”
What on earth could have caused such “discrimination?” Well, let’s take this into consideration, from SourceWatch:
“A team within JP Morgan developed many of the financial products like credit derivative[s], which almost brought down the financial system in 2008 […] The purpose behind credit derivatives was to enable JP Morgan to circumvent regulatory capital requirements. The company successfully convinced regulators that it could use credit derivatives to shift risk associated with the loans it made. Therefore, it did not need to set aside capital to cover losses in the event that borrowers defaulted. With credit derivatives, JP Morgan not only succeeded in shifting risks off its own books, but created a rapidly expanding market which raked in billions in fees for financial institutions.”
Actually, they did bring down the financial system, and will probably do so again – in our lifetimes.
Meet Jamie Dimon:
http://www.youtube.com/watch?v=sJRiVTA9hts&feature=player_embedded
http://www.youtube.com/watch?v=sJRiVTA9hts&feature=player_embedded
5. Rupert Murdoch, President of News Corp
Fox News, News of the World, hacking, climate change denials, disinformation and outright lies…need I say more?
Meet Rupert Murdoch (although you probably know him well enough already):
http://www.youtube.com/watch?v=ab1Q_IAUh1E&feature=player_embedded
http://www.youtube.com/watch?v=ab1Q_IAUh1E&feature=player_embedded
http://current.com/16q94kc
PS - Now you don't exactly have to be a Rocket Scientist to work it out do ya..?!!!
...................:boom:
:lever:..http://bestanimations.com/Sci-Fi/Spaceships/Rockets/Rocket-01-june.gif