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political as a fascinating new article up it's called
the rich strike back
damn apparently they do
the talk about how Bill de Blasio nose with warren we're getting a lot of hype
in press and they're obviously popular some progressives on the left side
and ramp on Ted Cruz of course so
became popular on the right wing side and they're more populist more
anti-establishment I V alternately their massively in favor the rich in will do
what they want
but at least they appear to be populist and so
are there was a stalker like oh my god you know maybe
the American people are waking up to the massive inequality that we all live
under and then
the politicians might respond and do something about it well
political issue to reassure us with calls from the right side left side
and business interests and lobbyists the Satan hope that you had no such thing
they don't give a damn about your
we were back to business as usual for so they point out how
President Obama put in his budget E little provision in there to raise taxes
on wall street
but they explain that no one in Washington actually was gonna pass
including the president
in fact a couple days after that provision was put into the budget he
went to the home
one of the wealthiest private equity executives in New York ended mass a
fund-raising
and that in fact he's now tapping the Patrick office as well there
very connected Wall Street family they used to support the clintons
they finally come on board for Obama in there raising money for him
and other Democrats as well so no interest in actually being populist
and it Democratic governor Democratic governor
andrew Cuomo in New York actually killed
the proposal to tax the rich little bit more New York City which build the plaza
the new mayor
was proposing so in reality of course as always we have no actual change
okay so now first let's start with the republicans
as to what's happening there a wall street Republican
explains that the about the situation in hand the he says take the faculty
parties kind about its heels in congress
and that a registered lobbyist one in Florida and it's Dave jolly
who just won that seat and that a lot of the party is revolting against this
proposed bank tax
and that's one the dave Camp a Republican actually introduce and you
have to conclude that this tab span is not exactly that
so that most Republican basically saying DP camps proposal to increase taxes on
wall street.
killed it then the water and political confirms
cornea cite sources and by the way fifty republicans in the house has signed a
letter saying
under no circumstances would we have a race tax on wall street. we are so sorry
effect the Pats a letter this statement I regret it now
sorry and i'm sorry out I'm
cop site and they've got their lobbyists now back in
mister jolly down Florida to rethink the way the parties defeated the popular so
defeated the establishment is back in charge
Mitch McConnell a is saying that he's gonna run the Tea Party outta town
and in fact he's got millions of dollars which Chamber of Commerce a
heading so to that point right now
so now we turned the democrats
here's the interesting quote reducing inequality is good this person said but
it's fifty times better to do it by looking those up or loathe them by
tearing down those who are hot
the politics a Mb or the wrong politics in America
the better politics to the politics of inclusion where everyone shares
in economic growth okay you think that a
a Republican would say something like that but of course as you saw their
Larry Summers
former Treasury Secretary under bill clinton
and of course top economic adviser to President Obama
a in the pass and the guy the present Obama considered to be the head of the
fed on 20
his candidacy was defeated basically before got up off the ground
that's a so-called democrats a call no no no
if you point out the private equity guys
are actually paying less in taxes less than the average american
a that the public so that mean you're just MBS how well we fix this system
on our behalf look if you paid more in taxes
you paid your fair share that people won't have as much of a problem with it
it's not like there yet
dole like the fact that you're rich every want to be rich in america that's
still true
right no they don't like the fact that you're rich and you pay less than your
fair share you pay less than the average guy
that politics have NB in fact other guy who mission as Ken Langone
and in the same article the cofounder Home Depot's now billionaire investor
said
because if you go back to 1933 with different words this is what Hitler was
saying in Germany
you don't survive as a society view encourage thrive
on NB more jealousy almost identical words the Larry Summers
on the issue can be course not on the issue hitler now those are i'd
very similar words that to Tom Perkins another billionaire investor who had
recently said
oh my god what the progressives are saying about the Reg
is what Hitler did except the part about killing thirty million people
putting them in concentration camps and all that stuff except for all of that
the he hurt our feelings a little bit I don't think that that's what the Nazis
were famous for
hurting your feelings a little bit now Ken Langone
know how outrageous that was later or kinda apologize by saying
if I hurt your feelings that was kinda be your problem
so there are totally on repented
and it's one thing when billionaire investors do it is another thing when
so-called democrats parada spear democrats
we go to representative jim Himes who says all too often
now this case a democrat theoretically all too often people forget that this is
just one politician from Massachusetts
referred Elizabeth Warren and one politician
from New York City and what they say is not accorded dominate politics &
Arkansas or Florida or Texas or anywhere else
income distribution may be far from ideal but people don't necessarily
only want to hear about increase taxes on the wealthy no no no no no
I don't jim Himes wanna hear that Jim Hines is
a great protector the wealthy in fact he's among them he was
vice president for Goldman Sachs
he now gets tremendous funding from
you guessed it the finance industry totally bought paid for
by Finance charlene up turns out he's a congressman
representing finance but it says we should raise taxes on the wealthy
CLR summers who ever knew knew was a conservative Democrat Jim Himes this
congressman from Goldman Sachs but how about andrew Cuomo the governor of New
York
I mean this case was very progressive thing you be running for president upon
I love this bar to the political wrangling going for his part is now
headed
now head over group called republicans for cuomo
the growing consensus in New York is that while the blasier ran a great
campaign
cuomo's now schooling him politically
in other words money still rules cuomo's our little ***
so he'll do exactly as we tell many did he killed the tax proposal DeBlasio
the taxes on the rich will not go up in New York
so sorry I'm the governor you're only the mayor and I will not allow you to do
that
and now billionaire investors are financing andrew Cuomo
what a wonderful coincidence republicans for cuomo
apparently thats cool im in politics because if you can suck up to the rich
better
well political and the rest the mainstream now think you're better
politician
are you better at serving your people up who cares we forget about that a long
time ago
no when asked about the this
raising taxes the DeBlasio had talked about
the Democratic donor said smart people knew that a lot of what he said
was never going to happen smart people meaning
the people who bought of the politicians they knew that the politicians were in a
backpack with the rich in we're never going to any other stuff
okay arm so when you go to talk to business leaders
when you're asking hey listen it looks like nothing's getting done on either
side
you know what they say great that means we're winning
okay here's a senior Republican business leader
that's what we need to work toward we need to work toward gridlock
cuz when the proposals art actually do something about income inequality
are to raise taxes on wall street so they are at least paying as much as the
average american
I how we don't want that they want gridlock instead
so if you're wondering why we have unbelievable gridlock in this country
can get anything done
it's because that's exactly what business leaders
want okay now finally
we go to President Omar now he's the guy who's gonna bring in changed right
and he's a guy was proposing extra tax on wall street in
wanna talk about do raising tax on the rich will at least he's going to get
serious with the right
when you see where this is going a wall street democrat
I love that title told POLITICO the energy in the party maybe with
progressives
but Obama still the same cool pragmatic guy he's always been
in other words don't worry many he's cool he's cool
he's with us he's a pragmatic guy
bearing on be no change finally that wasn't clear enough he added one more
thing
he's got liberal values but he'd always like to cut a deal
in the I couldn't have said it better myself
so in the and the current state of affairs
other which continue to win