DDT: Week 175 – How Much Worse Can the News Be? | Nel’s New Day

With the Senate on vacation and the GOP leaders trying to persuade older judges to retire to be replaced by younger, more conservative ones, nothing about a fifth coronavirus bill has happened for almost a week. After Republicans gave trillions to their friends in big business, they are dragging their heels about giving individuals, true small businesses, and state/local governments any part of the pie. Senate Majority Leader Mitch McConnell (R-KY) wants to wait for a while before taking any action, but senators up for re-election such as Cory Gardner (R-CO) and Susan Collins (R-ME) worry about their states’ response. A major GOP argument is that states don’t deserve any money. Three different times, Sen. Rick Scott (R-FL) has blocked a bill giving states more flexibility. McConnell also refuses any infrastructure funding, something that Sens. Roy Blunt (R-MO) and Roger Wicker (R-MS) want. The red line for McConnell is keeping employees from any liability for mismanaging safety from COVID-19.

While almost one-third of workers in the U.S. lost their jobs and 20 percent of families don’t have enough food to feed their children in April, corporations put away $1 trillion in institutional money market funds, parking money they don’t immediately need. Commercial bank deposits grew from 4.6 percent to 15.8 percent since mid-March. Billionaires personally gained over $500 billion. The amount of cash in the U.S. grew at an annual 42 percent between February 3 to May 4, almost twice the highest rate ever—22.5 percent in 2011—and almost seven percent the average 6.3 percent annual growth in basic money supply since 1976. More cash would have “trickled” to the top without rejection from House Speaker Nancy Pelosi (D-CA) and House Democrats. Companies used their massive tax cuts to buy back stock, and DDT wants to further cut their taxes. In the most recent coronavirus act, people with annual incomes of more than $1 million got 80 percent of the tax saving.

DDT is in trouble with foreign countries. Iranian President Hassan Rouhani warned the U.S. to stay out of his shipment of oil headed for Venezuela that he’s trading for gold. Rouhani posted a statement on his website the U.S. had created “unacceptable conditions” in different parts of the world, but that Iran would “by no means” be the one to initiate conflict. He added, “We hope the Americans will not make a mistake.” A fourth tanker has reached Venezuela, and a fifth one is on its way. Yet a desperate DDT is threatening anyone—foreign governments, seaports, shipping companies, and insurers—with stiff sanctions if they help the flotilla.   

Earlier this month, DDT vetoed a bill requiring him to get authorization before using military force against Iran, and he’s shown no letup in sanctions killing Iranians. Yet the country is no more repressive than Egypt, Saudi Arabia, and other Middle East countries, and keeping an antinuclear treaty with frequent inspections would be safer than turning the country loose. Wealthy U.S. conservatives, however, fund United against a Nuclear Iran (UANI) to help Israel, Saudi Arabia, and UAE spread violence, chaos, and extremism in the Middle East. Despite its supposed goal of searching for extremism and terrorism, UANI chose not to report on the Saudis and UAE. A Saudi Embassy official had provided invaluable assistance to two 9/11 hijackers. Saudi Arabia gave shelter to the Wahhabi Muslims behind Al Qaeda, ISIS, and Muslim terrorists and funded Al-Qaeda forces destroying Syria since 2011. The UAE supplied massive amounts of weapons to Libyan rebels.

DDT told Congress he plans to sell another $478 million of precision-guided missiles to Saudi Arabia, even if lawmakers don’t approve. He will also approve licenses for Raytheon to manufacture more high-tech bomb parts inside the kingdom. DDT had defended the weapons sales as vital for U.S. jobs. Members of both political parties were also furious when DDT bypassed Congress for an $8 billion arm sales to the Saudis and other Middle East countries.

With the Senate on vacation and the GOP leaders trying to persuade older judges to retire to be replaced by younger, more conservative ones, nothing about a fifth coronavirus bill has happened for almost a week. After Republicans gave trillions to their friends in big business, they are dragging their heels about giving individuals, true small businesses, and state/local governments any part of the pie. Senate Majority Leader Mitch McConnell (R-KY) wants to wait for a while before taking any action, but senators up for re-election such as Cory Gardner (R-CO) and Susan Collins (R-ME) worry about their states’ response. A major GOP argument is that states don’t deserve any money. Three different times, Sen. Rick Scott (R-FL) has blocked a bill giving states more flexibility. McConnell also refuses any infrastructure funding, something that Sens. Roy Blunt (R-MO) and Roger Wicker (R-MS) want. The red line for McConnell is keeping employees from any liability for mismanaging safety from COVID-19. While almost one-third of workers in the U.S. lost their jobs and 20 percent of families don’t have enough food to feed their children in April, corporations put away $1 trillion in institutional money market funds, parking money they don’t immediately need. Commercial bank deposits grew from 4.6 percent to 15.8 percent since mid-March. Billionaires personally gained over $500 billion. The amount of cash in the U.S. grew at an annual 42 percent between February 3 to May 4, almost twice the highest rate ever—22.5 percent in 2011—and almost seven percent the average 6.3 percent annual growth in basic money supply since 1976. More cash would have “trickled” to the top without rejection from House Speaker Nancy Pelosi (D-CA) and House Democrats.

Companies used their massive tax cuts to buy back stock, and DDT wants to further cut their taxes. In the most recent coronavirus act, people with annual incomes of more than $1 million got 80 percent of the tax saving. DDT is in trouble with foreign countries. Iranian President Hassan Rouhani warned the U.S. to stay out of his shipment of oil headed for Venezuela that he’s trading for gold. Rouhani posted a statement on his website the U.S. had created “unacceptable conditions” in different parts of the world, but that Iran would “by no means” be the one to initiate conflict. He added, “We hope the Americans will not make a mistake.” 

A fourth tanker has reached Venezuela, and a fifth one is on its way. Yet a desperate DDT is threatening anyone—foreign governments, seaports, shipping companies, and insurers—with stiff sanctions if they help the flotilla.   

Earlier this month, DDT vetoed a bill requiring him to get authorization before using military force against Iran, and he’s shown no letup in sanctions killing Iranians. Yet the country is no more repressive than Egypt, Saudi Arabia, and other Middle East countries, and keeping an antinuclear treaty with frequent inspections would be safer than turning the country loose. Wealthy U.S. conservatives, however, fund United against a Nuclear Iran (UANI) to help Israel, Saudi Arabia, and UAE spread violence, chaos, and extremism in the Middle East. Despite its supposed goal of searching for extremism and terrorism, UANI chose not to report on the Saudis and UAE. A Saudi Embassy official had provided invaluable assistance to two 9/11 hijackers. Saudi Arabia gave shelter to the Wahhabi Muslims behind Al Qaeda, ISIS, and Muslim terrorists and funded Al-Qaeda forces destroying Syria since 2011. The UAE supplied massive amounts of weapons to Libyan rebels. DDT told Congress he plans to sell another $478 million of precision-guided missiles to Saudi Arabia, even if lawmakers don’t approve. He will also approve licenses for Raytheon to manufacture more high-tech bomb parts inside the kingdom. DDT had defended the weapons sales as vital for U.S. jobs. Members of both political parties were also furious when DDT bypassed Congress for an $8 billion arm sales to the Saudis and other Middle East countries.

DDT: Week 175 – How Much Worse Can the News Be? | Nel’s New Day