Tag Archives: profiteering

Thursday Morning Notes: Capitalism, Republicans, Elections, Corruption, Biden, Delusion

joe biden

Morning Musings:

  • The Trump pressers and the now daily appearances are humiliation sessions. Trump regularly demeans and silences the voices of reporters and this morning, a nurse who has first hand experience working with the Coronavirus.  This is what authoritarian governments do, normalize the silencing of dissent.  Every time Trump silences, demeans, and both demands and receives acquiescence in this silencing, people are taught what’s expected, that submission is a normal way to behave.  We need to admit that we live in a culture of cowardice, compliance, and willing submission.  We need to stop obsessing about Trump’s behavior and look at ourselves.
  • This is a culture that deludes itself into thinking that it is characterized by independent thought and action when in fact, what characterizes most individuals is compliance.
  • Every time Trump is allowed to bully and demean others without reaction, Americans become a little bit more compliant with authority.
  • It is being reported this morning that guidelines from the CDC about reopening society were ignored by the Trump administration. The CDC, evidently, has been gutted of professionals who will stand up for fact and independent thought.  The man in charge of the CDC has been investigated for misrepresenting his own research data.
  • It is time to ask what the benefits are to the administration from the virus becoming worse. They include 1) massive profits from the wild west profiteering off medical supplies, 2) reinforcing people’s notion that government can’t work for their benefit, 3) reinforcing the Republican theory of government that we should have no government, 4) driving wages down, 5) providing an excuse for cutting and eliminating social programs, 6) encouraging the free-for-all economy the Republicans have worked to bring about for decades, 7) exacerbating a crisis that will cover other authoritarian moves which will go unnoticed, 8) killing off a large proportion of vulnerable people, 9) justifying closing the borders.  These are just a few advantages of the crisis getting worse.
  • The corporate media has ceased to be any kind of check on power. They are worse than useless.  They don’t even have to be censored, they censor themselves.  The feckless questions asked in the presidential pressers is an example of this.  The county is in the middle of an economic and health crisis, and reporters ask questions like: Thank you Mr. President.  Do you think, Mr. President, that citizens should congregate on the mall?
  • The Biden apologia articles arguing that 1) Tara Reade is not credible that her charges are somehow different from those of Blassy Ford, or that 2) the charges are believable, but we should vote for Biden anyway are just astounding. It is astonishing how many women are willing to publicly argue that a presidential candidate with multiple women accusers should be given a pass.
  • I am disappointed that a number of women I know who are pleading with me to silence myself about Biden’s obvious failures as a candidate. Please, they ask, don’t speak or write the truth. We have to remain silent and protect our candidate, the candidate the Democratic Party and the corporate media cheated to install as the candidate.
  • Equally disheartening is the number of people engaging in a gigantic act of delusion by relying on voting in 2020 to solve our problems.   The Republicans have done and will do everything in their power to subvert a democratic vote.  They have and will also enable interference in the election on their behalf.  There is too much at stake for Republicans to allow a loss.  We must move beyond this Cinderella-fiction that we can just vote Trump out in 2020.  The Republicans are being so brazen and craven, not even pretending to believe in democracy, because they know they will win. And, the Democrats will blame Bernie Sanders and his supporters and cower in place just as the Democratic Party is doing at the moment.
  • Democrats are remaining silent, hoping that Trump will destroy himself over the Corona virus pandemic. Instead of fighting every day, pointing out to the American people every day that what is happening is a textbook example of what happens in a culture where you put people in charge of government who are trying to destroy government.  It is a textbook case of what a pandemic looks like managed by people who value profits over everything else.  This is unfettered capitalism, no regulations, no rules except that everyone is free to profit off untold misery to their heart’s content.
  • Instead of going on television every day to point out what a giant class rip off the bailout bill was, the Democrats went on television trying to make political points for compromising with (caving to) the Republicans in a windfall (yet another one) for the 1%.
  • Bernie Sanders has gone silent at a time when every day is an illustration of why the changes he proposed for the country are essential to the survival of working people and democracy.
  • Barak Obama seems to stay above the fray unless he has to step in to prevent fundamental social change for working people. Obama refused, refused to prosecute those responsible for the 2008 financial crisis.  He helped enable lack of accountability for the wealthy and powerful.
  • We have to face the facts. Hiding our heads in the sand will accomplish nothing.

“Capitalism will handle it.” Right.

burr, richard

Interviewed on CNN today, a Republican member of congress dismissed the widespread alarm among the medical profession about the shortage of masks and other protective equipment for use combating the corona virus.  “Capitalism,” he said “will handle it.”

But, the corona virus crisis is a textbook example of the failure of capitalism to handle the corona virus crisis and the other underlying crises that have plagued this society for decades.

Republicans are illustrating hourly exactly what is wrong with free-market capitalist solutions to problems created by free-market capitalism.

Let’s just look at one example.

PROFITEERING

  • On 20 March 2020, it was reported that four senators (Burr, Leoffler, Inhofe and Feinstein) were selling off stock after receiving briefings about how serious the impact of the corona virus was going to be.
  • Burr and Loeffler went public with statements seeking to calm the populace about the threat of the pandemic while they were busily selling stock to cushion the blow for themselves.
  • Burr’s case was especially egregious. Burr, as Chairman of the Senate Intelligence Committee, received briefings that included the country’s most classified information about the security threat of the virus.
  • And, Burr (in a recorded talk to his wealthy donors on February 27, 2020) warned of the serious implications of the outbreak at a time when he was seeking to calm the fears of the general population by telling them that the Trump administration had everything in hand. While reassuring the general public, to his wealthy donors, Burr was comparing the corona virus to the “1918 pandemic.”
  • Burr maintained that he was using only publicly available information, but he would, wouldn’t he? He also claimed that the event at which he informed party insiders was not an event for his wealthy donors.
  • NPR, however, reported that it had obtained a copy of the RSVP list for the event and that it included dozens of invited guests representing companies and organizations from North Carolina. The companies or their political committees donated more than $100,000 to Burr’s election campaign in 2015 and 2016 (NBC News)
  • The same day Burr was giving this speech, Trump was telling reporters that the corona virus was “going to disappear.” (NBC News)
  • In early February, Burr, co-wrote an op-ed for Fox News in which he said “the United States today is better prepared than ever before to face emerging public health threats, like the coronavirus.” In mid-February he started to unload the stocks.  The unloading was about a week before the markets started to plunge (NBC News 3/20/20).
  • One of the stocks Burr unloaded was shares in Wyndham Hotels and Resorts, which has now lost two-thirds of its value according to ProPublica. Burr dumped shares of another hotel chain, Extended Stay America. (NBC News 3/20/20)
  • It is Democrats who are calling for investigations, and also a Democrat (Alexandria Ocasio-Cortez) who is calling for Burr’s resignation and a law preventing legislators from owning stock.
  • Alexandria Ocasio-Cortez said on Twitter that as chairman of the Intelligence Committee, Burr “got private briefings about Coronavirus weeks ago. Burr knew how bad it would be. He told the truth to his wealthy donors, while assuring the public that we were fine. THEN he sold off $1.6 million in stock before the fall. He needs to resign.” (NBC News 3/20/20)
  • We know about these stock sell-offs only because of a law requiring the legislators to report their stock dealings. Why not a law prohibiting them from owning stock while serving?

Sources

Gregorian, Dareh (3/20/20) “Burr, other senators…” NBC News.