The Scam in Wisconsin–bashing public employees as a smokescreen to hide a fat cat scam to grab State assets

Update 2/27/2011: POLICE:State Capitol of Wisconsin: ‘We have been ordered by the legislature to kick you all out at 4:00 today. But we know what’s right from wrong. We will not be kicking anyone out, in fact, we will be sleeping here with you! (understory.ran.org)

A huge upwelling is happening in the heart of humanity and it is an internal thing. It is coming from an unseen place and it can’t be defended against by those seeking to hinder its growth. . . We are awakening and we are seeing that we have a deeply shared common cause. (Source)

.

Why is Wisconsin Governor Walker leading such a visible attack on Wisconsin’s public employees?

Bashing public employee unions is a smokescreen to hide yet another fat cat scam to grab State assets.

Smokescreen

Right now everyone thinks this is about unions and collective bargaining and the rights of the worker.  BUT, what Wisconsin Governor Walker really wants is for Democrats to just “compromise” and pass his budget law “as is”–a budget law that authorizes selling off of Wisconsin’s state-owned power plants for pennies on the dollar in closed unsolicitated bids for which there will be no oversight.

It’s Enron-style cronyism all over again.

Here’s how the scam is set up:

1) Koch Brothers get their puppet Governor Walker in power
2) Governor Walker gins up a crisis
3) Democrats and Progressives take the bait and counter-protest on collective bargaining
4) Governor Walker will compromise on collective bargaining if the rest of the budget is passed as is
5) Bill passes, with trojan horse give-a-way to the Koch Brothers nested in
6) Koch Brothers will buy Wisconsin state-owned power plants for pennies on the dollar in closed unsolicitated bids for which there will be no oversight
7) Koch Brothers get the best vertical monopoly in a generation (Source)

Koch Brothers

Every point in the above list is carefully documented in Patience John’s article, “The Koch Brothers’ End Game in Wisconsin“.

Here’s the actual language in Governor Walker’s pending budget law. Read it for yourself. It will authorize him to sell off Wisconsin’s state-owned power utilities for pennies on the dollar, in closed unsolicitated bids, for which there will be no oversight:

Read Full Post »

Scapegoating Public Employees — Wall St congratulates themselves with $144 billion in bonuses

The Republican vs. Democrat charade — good cop, bad cop nonsense — is a mere smokescreen. Don’t be confused by obsolete preconceptions and propaganda. There is one war being fought, The Global Economic Elite Vs. The People. (Source)

CEO, Goldman Sachs

Endless affirmative action for the rich

It should be clear to anyone with a little more intelligence than a turnip that the bailouts were nothing more than calculated theft from ‘the people’ in order to cover the inconvenient results of Wall Street’s greed and mistakes and to allow for wholesale robbery in name of protecting the system. (Source)  Consider Goldman Sachs, for example (Source2):

• Investment: Goldman Sachs is the 3rd largest contributor to House and Senate campaigns–and to the Obama Administration
• Rise to power: Goldman Sachs successfully lobbied  the Obama Administration and Congress to have 48 Goldman Sachs operatives appointed to key financial administration positions  (updated list here: An Updated List of Goldman Sachs Ties to the Obama Government).
• Payouts:  Goldman has taken more than $20 billion in taxpayer cash through bailouts, payments and backstops; BUT, what a lucky coincidence, in 2009 Goldman paid themselves $16.2 B in “bonuses”; plus Goldman Sachs paid out $5 billion more in bonuses in the first three months of 2010 [Without Governments bailouts Goldman's 2009 bonuses would have been zip, zero, ziltch.]
• It’s systemic: The nation’s six largest banks set aside $140 billion for executive compensation in 2009–which works out to an amount equal to over $1000 from every household in America, just for Wall Street’s 2009 bonuses! . . . and Wall Street to get $144 Billion in Bonuses for 2010.
• But, it’s all OK because, “We Serve the Banks“–see also Econ 101, and At a Glance.

After the public’s money has been given away to bail out the rich, of course there’s nothing left to pay for much else . . . Meanwhile,

There’s been a wave of propaganda over the last couple of months, which is pretty impressive to watch, trying to deflect attention away from those who actually created the economic crisis, like Goldman Sachs, Citigroup, JP Morgan Chase, their associates in the government who—Federal Reserve and others—let all this go on and helped it. (Source)

For example, Mish Shedlock of  the blog Global Economic Trend Analysis, routinely scapegoats public sector workers by arguing that state and local finances are completely broken because government workers are overpaid. But apparently public workers are not the problem in states like California–Mish himself writes in his blog that:

.

Read Full Post »