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Due to Years of Austerity, Cuts to Public Health Care, And An Anti-Science and Profiteering President, The United States Now Leads the World In Coronavirus Cases and Deaths in the World! And Now the Total Caronavirs Deaths in the United States are Over 20% of the Total Death in the Entire World!
Another Example Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat 4 Years Ago and Did Nothing!
Capitalism Does Not, and Never Has, Worked for the Masses! In Its Death Agony, Capitalism Is Traveling About The World Like The Four Horsemen of the The Apocalypse, Spreading War, Famine, Pestilence, and Death. The very future of Humanity Is Now At stake!
During This Economic Crisis, Capitalism’s Three-Point Political Program: 1.Austerity, 2.Scapegoat Blacks, Minorities, and ‘Illegal’ Immigrants for Unemployment, and 3. The Iron Heel! Always Remember: That President Obama, With a Majority Democrat Legislature Supported the Wall Street Bailout and Remember, That he Established, in writing, the United States Capitalist Austerity Program. — The Race to the Bottom/Pauperization of the 99%!
Democracy?:As the Capitalist Robber Barons Steal from the 99%, Only the 1% Voted For Austerity! The 99% Should Decide On Austerity — Not Just The 1% Who, Profit From Austerity!! Under Austerity, All of the World Will Eventually Be Pauperized, Humbled, and Desecrated Like Greece and Puerto Rico.! Socialism Means True Democracy, that the 99% Will Rule, Not the Few!
Images of the Day:
Quotes of the Day:
A Decade Of Missed Opportunities: The US Centers for Disease Control and Prevention (CDC) is charged with helping cities and states adapt to threats like extreme heat. Its climate program, created more than 10 years ago, is the federal government’s only sustained effort to bolster state and local health departments’ fight against global warming. But the program has been hampered by a decade of underfunding, limited expertise and political resistance, Columbia Journalism Investigations and the Center for Public Integrity found. Interviews with more than 100 people and a review of hundreds of pages of government records show the Obama administration, while pushing measures to combat climate change, missed opportunities to expand the program. Under Donald Trump, officials have tried to eliminate it. The tepid federal response has left state and local health workers ill-equipped to act, exposing communities to underappreciated threats that will only get worse. — Deadly Heat is Killing Americans: A decade of Inaction On Climate Puts Lives At Risk
Videos of the Day:
United States:
The United States is not a Democracy (A government in which the supreme power is vested in the people and exercised by them directly)! Only the 1%, through their ownership of the Reublicrats and who profit from war and the war budget, vote for War and the war budget — A policy, which Gore Vidal called a Perpetual War for Perpetual Peace. — The 99% Should Decide On War — Not Just The 1% Who Profit From War! Under a Democracy, The 99% would have the right to vote on the policy of Perpetual War for Perpetual Peace! The United States takes from the poor and gives tothe Rich.
Get Rid of the Presidency For some time now, but maybe since the Kennedy administration (which ended in a hail of voter-suppressed gunfire), I have been thinking that one of the biggest problems with American democracy is the presidency itself, the idea that the chief magistrate of the country should be one person elected every four years by a few swing voters in Ohio, North Carolina, or Florida. By Matthew Stevenson
Environment:
Deadly Heat is Killing Americans: A decade of Inaction On Climate Puts Lives At Risk Heat now causes more deaths than hurricanes, tornadoes or floods in most years, creating a new public health threat. An investigation reveals why the CDC’s prevention efforts have faltered By Dean Russell, Elisabeth Gawthrop, Veronica Penney, Ali Raj and Bridget Hickey
Civil Rights/Black Liberation:
US Demonstrators Demand Removal Of Racist Monuments and Confederate Flags The rebellion against police violence and murder continues to expand. New demands are being raised on other issues of institutional racism by Black and Brown people and in opposition to the symbols of white genocide by the Native American nations. By Malik Miah
Labor:
Leading US Retirees ‘Like Lambs to the Slaughter,’ Trump Labor Dept. Quietly Offers Up 401k Plans to Private Equity Vultures “Private equity firms will now be allowed to access—and skim fees off of—the $9 trillion in 100 million workers’ 401(k) plans and IRAs.” With the American public’s attention consumed by the Covid-19 pandemic and mass protests against police brutality, the U.S. Labor Department earlier this month quietly gave corporate sponsors of retirement plans something they’ve been agitating over for years: a government green light to invest workers’ savings into funds managed by notoriously predatory private equity firms.By Jake Johnson
Economy:
Shadow Government Daily Update (June 16th to 17th) Pending Commentary: June 18th – Economic Commentary, Issue No. 1441 / Pending Data: June 17th – May 2020 New Residential Construction
Headlines
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A Tale of Two Economies and Mixed Quality Data (See Pending No. 1441)
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May Production and Freight Showed Dead Cat Bounces
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Retail Sales and Labor Data Showed Some, Although Not Particularly Credible, Bounces. Nonetheless Incorporating the Latest Headline
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May Economic Reporting, Second-Quarter 2020 Real GDP Remains on Track to Show the Worst-Ever Quarterly Contraction, of Rough Magnitude 50% (-50%) /
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Following a First-Quarter 2020 Real GDP Contraction of 5.05% (-5.05%)
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The Current Recession Is Being Clocked from Fourth-Quarter 2019
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Dependent on Some Successful “Reopening” of the Economy, Third- or Fourth-Quarter 2020 GDP Could Be Moving Off Bottom
The Fed’s Paycheck Protection Program Gave a Tiny NJ Bank $5.3 Billion – 9 Percent of all the Money It’s Spent Thus Far The Paycheck Protection Program (PPP) was authorized by Congress under the CARES Act and is being overseen by the Small Business Administration (SBA). The goal of the PPP program is to make 1 percent interest loans to small businesses experiencing hardship from the coronavirus crisis and then forgive the loans if the businesses keep their employees on the payroll. Even though the loans are guaranteed against losses by the SBA, the Federal Reserve launched its own program, called the Paycheck Protection Program Liquidity Facility, to reimburse lenders who make these loans. So far, the Fed has reimbursed $57 billion of these loans as of June 10, out of total loans approved by the SBA of more than $500 billion. By Pam Martens and Russ Martens
World:
Sweden: The Assasination of Olof Palme and the Investigation That Buried the Truth It has been 34 years since the assassination of Sweden’s prime minister, the social democratic leader Olof Palme, one of the most noteworthy political figures in the history of the country. Gunned down after a visit to a movie theatre without his body-guards, the circumstances around his murder have been mysterious and the investigation mired by scandals. Many had therefore hoped for a solid conclusion to this long-overdue investigation. But all we got was the closing down of the investigation, in a transparent attempt to bury this embarrassing affair once and for all. Thus, this national tragedy yet again ended in farce. By Stefan Kangas
Health, Science, Education, and Welfare:
The government of the United States can pass laws in a few days to spend tens of trillions of dollars for war and the bailout of Wall Street and the bankers. Yet, those who ‘governn’, pass universal healthcare for themselves, but they cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers to be, a democracy and part of the democratic way. — Roland Sheppard, Let the People Vote on Healthcare
‘As Pathetic as It Is Reckless’: Mike Pence Ripped for Dismissing Surge in Covid-19 Cases “The White House ignored the threat of Covid-19 until it was too late to stop it, left states without the equipment to fight it, and didn’t track its spread to contain it. Now they want to wave a magic wand and declare ‘Mission Accomplished.'” By Jake Johnson
15 American Landmarks That Were Built By Slaves
