Biden’s Minister Of Propaganda

Closing Thought–18Nov20

We all are well aware just how much lying the president and his butt boys can do…..I have labelled it propaganda……and yet Biden has hired a dude that is proud of his propagandizing….

Richard Stengel, the top state media appointee for US President-elect Joe Biden’s transition team, has enthusiastically defended the use of propaganda against Americans.

“My old job at the State Department was what people used to joke as the chief propagandist,” Stengel said in 2018. “I’m not against propaganda. Every country does it, and they have to do it to their own population. And I don’t necessarily think it’s that awful.”

Richard “Rick” Stengel was the longest serving under-secretary of state for public diplomacy and public affairs in US history.

At the State Department under President Barack Obama, Stengel boasted that he “started the only entity in government, non-classified entity, that combated Russian disinformation.” That institution was known as the Global Engagement Center, and it amounted to a massive vehicle for advancing US government propaganda around the world.

A committed crusader in what he openly describes as a global “information war,” Stengel has proudly proclaimed his dedication to the carefully management of the public’s access to information.

Biden state media appointee advocated using propaganda against Americans and ‘rethinking’ First Amendment

Do not trust someone because they are tied to Obama in some way.

I have tried to help my reader understand and identify propaganda in all they see and hear…..

https://lobotero.com/2013/01/11/what-is-propaganda/

https://lobotero.com/2014/01/06/propaganda-2-0/

The 24 hour news cycle and social media have turned propaganda into something”noble”…..that is where I draw the line…propaganda is lies used to persuade…..PERIOD!

Now we have a dude that thinks propaganda is a ‘good thing’…..that is not better than the fools in the outgoing administration.

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“lego ergo scribo”

A Case For Public Banking

Finally a goddamn great idea……..but the Centrists will beat it back to make their owners, the banks, happy.

I have been railing against the bankers and their rape of the American society…..bitching for decades and most Americans know that these robbers are corrupt and yet we seem to not care…..

Finally someone in Congress has stepped up to offer a new way of banking….we can always pretend the the Obama admin did some good but any progress has overturned and the problems with banks have returned and gotten worse.

Like I said a new way of banking…..but what is Public Banking?

Public banking is banking operated in the public interest, through institutions owned by the people through their representative governments. Public banks can exist at all levels, from local to state to national or even international. Any governmental body which can meet local banking requirements may, theoretically, create such a financial institution.

Public banking is distinguished from private banking in that its mandate begins with the public’s interest. Privately-owned banks, by contrast, have shareholders who generally seek short-term profits as their highest priority. Public banks are able to reduce taxes within their jurisdictions, because their profits are returned to the general fund of the public entity. The costs of public projects undertaken by governmental bodies are also greatly reduced, because public banks do not need to charge interest to themselves. Eliminating interest has been shown to reduce the cost of such projects, on average, by 50%.

But we already have banks…why do we need a “public bank”?

Today, cities and states put their money in Wall Street banks, allowing those banks to leverage our public funds in order to dominate the financialized speculative economy rather than reinvesting them in our communities. At the same time, cities and states borrow money from Wall Street institutions and bondholders at high interest rates and pay large fees to keep money in their banks. This is not a cost-effective way to do business. Cities and states could be keeping their public dollars and leveraging them for their own community needs.

With city and state-owned banks, we cut out Wall Street middlemen. Our community’s cash stays home to benefit us! Bank fees are eliminated, interest costs drop, and public bank profits are reinvested into our communities.

Public banks can help us create the communities we want. We want parks, good roads, safe bridges, clean energy, and housing we can afford. We want lower interest rates for local small business loans, local control of our tax dollars, investment in our local communities, and ethical and transparent financial institutions managing our public funds. Public banks can be the financial engine that makes this happen for our communities.

There a few facts that need to be shown why a public bank is a better idea than the robbers we have to deal with today….

  1. Are owned by the people of a state, city, community, or nation;
  2. Serve as the depository for local government funds (city or state taxes, fees, etc.);
  3. Are required to benefit the public by serving local community needs;
  4. Can save state and local governments millions or even billions of dollars, by cutting out middlemen and private shareholders, eliminating fees, and financing projects at lower interest rates;
  5. Reinvest bank profits into the community, providing a new source of income for cities and states and a source of funding for projects such as infrastructure, renewable energy and affordable housing;
  6. Are run, not by politicians, but by qualified bankers serving a public mission;
  7. Provide accountability and transparency to the public for bank decisions, avoiding the risks of Wall Street’s speculative gambling;
  8. Create new jobs and spur economic growth by supporting local small businesses;
  9. Partner with and support rather than competing with local community banks;
  10. Can lend during times of stress and crisis, helping to sustain a healthy local economy.

Now a couple Progressives in the House are offering up a plan for an expansiom of public banking…..

A public option, but for banking. That’s what Reps. Rashida Tlaib and Alexandria Ocasio-Cortez are proposing in a new bill unveiled on Friday.

The Public Banking Act, first shared with Vox, wouldn’t create those options by itself, but would foster the creation of public banks across the country by providing them a pathway to getting started, establishing an infrastructure for liquidity and credit facilities for them via the Federal Reserve, and setting up federal guidelines for them to be regulated. Essentially, it would make it easier for public banks to exist, and it would give some of them grant money to get started.

While it sounds a little wonky, the basic idea is to make it possible for state and local governments, local businesses, and people to do business with public banks, which theoretically would be more motivated to do public good and invest in their communities than private institutions, which are out for profit. One public bank exists in North Dakota, and there is a growing movement to create more of them across the country. California recently passed a law allowing cities and counties to create and sponsor public banks.

https://www.vox.com/policy-and-politics/21541113/rashida-tlaib-aoc-public-banking-act

Another great idea but the Centrists will kill this before it has a chance…..Citibank and others will NOT allow this to move forward.

Be Smart!

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I Read, I Write, You Know

“lego ergo scribo”

Inherit The Wind!

That would be the economic wind…….

We have a new president and his biggest challenges will be foreign policy, pandemic and the economy.

Regardless how the stock markets do does not indication a strong economy…..just the monetary game the wealthy play…..but what about the US economy……what is the Biden admin looking at?

Policymakers cannot ignore the economic devastation happening to workers and their families across the country.

As the nation continues to be consumed with the election—which Joe Biden appears poised to win—millions of people across the country remain out of work. The latest data from the Bureau of Labor Statistics show that 638,000 jobs were added in October, a continued slowdown in job growth. The U.S. economy is still down 10 million jobs from where it was in February, before the pandemic hit. Using average monthly job growth over the year ending February 2020 as the counterfactual, the jobs deficit is over 11.6 million. In other words, that’s 10.0 million fewer jobs we have than in February, plus nearly 1.6 million jobs we would have added if the recession hadn’t occurred.

Even without the 147,000 loss in temporary Census employment in October, the economy added only 785,000 jobs. At this pace, it will take years for the U.S. economy to fully recover. With long-term unemployment on the rise and little hope for additional relief, workers and their families do not have years to keep their heads above water. As the winter approaches and COVID-19 cases continue to rise, millions of people across the country will be left out in the cold. Unlike his predecessor, the incoming Biden administration will inherit a devastated labor market that will need considerable relief and stimulus—quickly.

https://www.commondreams.org/views/2020/11/06/thanks-gop-next-president-inherits-devastated-economy-millions-out-work

Do not mistake the high markets with a booming economy….as I have already stated…it is just an indication of the games the wealthy play with our country.

But like ALL candidates Biden has a plan for the economy…..

The 77-year-old’s economic agenda is not as detailed as others and does not contain similar sweeping proposals, but his plan for the U.S. is still ambitious and represents more than a reassuring reset button for Americans rattled by Trump. He has also shown signs that he’s willing to pivot to the left to win over Sanders supporters. He proposed two new policies to “ease the economic burden on working people” a day after the democratic socialist dropped out of the race.

https://www.investopedia.com/joe-biden-s-economic-plan-save-the-middle-class-4769869

But just viable are Biden’s plans…..https://www.dw.com/en/joe-biden-economic-plan/a-55022468

Ambitious indeed….but little will ever see light of day.

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I Read, I Write, You Know

“lego ergo scribo”

International Challenges For Biden

We now have a new president-elect and he needs to set about repairing all the damage 4 years of Trump and his corruption have created.

And there are a few things he can begin with that would go a long way to re-establish the US as a serious partner in world affairs…..

Stop the war in Yemen: This years-long conflict, which benefits no one but the oil-rich rulers of Saudi Arabia and the United Arab Emirates, has killed more than 100,000 people and caused the preventable deaths of 113,000 children. Biden could immediately freeze weapons sales to Saudi Arabia and the UAE, forcing them to stop bombing civilians and withdraw their troops. It would be one step toward ending unpopular, endless wars.

Lift Trump’s unilateral oil blockade of Cuba and restore normal diplomatic relations: Trump has gone further to economically attack Cuba than any other President. He cut off much of Cuba’s oil supplies from Venezuela by applying sanctions against international shipping companies. This, combined with a halt in foreign tourism, has wrecked the Cuban economy. Public transport doesn’t have enough gasoline; trucks can’t bring produce from the countryside.

Rejoin the Iran nuclear accord: Trump unilaterally withdrew from the internationally binding Iran nuclear accord and imposed harsh economic sanctions on the Iranian people. This policy of “maximum pressure” has failed to change Iranian domestic or foreign policy. Biden should immediately rejoin the accord and lift all sanctions related to nuclear issues.

End attacks on China: Trump initiated a trade war against China. He tried to ban Chinese technology from being used in the US and even sought the arrest of a top Chinese corporate executive. But, of course, China retaliated. Trump’s policy against China has been a massive failure, with the US losing nearly 300,000 jobs as of September 2019.

(antiwar.com)

A good place to start the process of repair.

But speaking of China…..

Joe Biden said the US needs to work with its allies to counter China’s growing influence. Biden’s comments came after China signed a major trade deal with 14 other countries, known as the Regional Comprehensive Economic Partnership (RCEP).

The RCEP includes major US allies in the region, like Japan, South Korea, Australia, and New Zealand. Biden was asked if he would join the trade pact when in office but declined to answer, saying he hasn’t been sworn in yet and that “there’s only one president at a time.” Biden said the US and its allies should set the rules for global trade.

“We make up 25 percent … of the economy in the world,” the former vice president said. “We need to be aligned with the other democracies, another 25 percent or more so that we can set the rules of the road instead of having China and others dictate outcomes because they are the only game in town.”

President Trump withdrew from a trade deal for the region negotiated by the Obama administration in 2016. The Trans-Pacific Partnership (TPP) was signed by 12 countries, including Asian and South American countries. It’s not clear if Biden would try to revive the TPP. In 2019, Biden said he would not “rejoin the TPP as it was initially put forward” but instead renegotiate parts of the deal to join the countries together to “to hold China accountable.”

(antiwar.com)

Biden’s challenges are massive…..and this could start the return of the US as a world partner.

Next he needs to work on domestic problems that Trump created……post to follow…..

Be Smart!

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”