The top share of income going to the top 10% has increased from 35% in 1945 to more than 45% today. Union membership has declined in the same period from 33% to about 10% — its lowest level since the 1930s.
From the end of WWII through the 1980s, income distribution stayed relatively constant. But union membership began declining, and the share of income going to the bottom 90% followed it. Capitalism only functions equitably if workers have the collective bargaining power of… twitter.com/i/web/status/1…
As President, I will protect American labor AND American industry. One thing I will consider: tariffs on imports from countries that allow exploitation of workers. American industries should not be forced to offshore to low-wage areas as nations compete with each other to… twitter.com/i/web/status/1…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Following @mtaibbi’s terrific reporting on the Durham investigation. This is no partisan skirmish. It is about the political weaponization of the FBI to destroy a candidate and then a sitting President. It’s about a matrix of lies so elaborate as to make a mockery of the… twitter.com/i/web/status/1…
Maybe most alarming of all, the Durham investigation reveals the abject complicity of the mainstream press, which has yet to admit they were taken in by the big lie, propagated it, and now continues to permit those lies to stand as truth.
Yesterday, President Biden announced Dr. Monica Bertagnolli as his intended nominee for Director of the NIH. Guess what? From 2015-2021, Bertagnolli received more than 116 grants from Pfizer, totaling $290.8 million. This amount made up 89% of all her. research grants.… twitter.com/i/web/status/1…
Does this mean Dr. Bertagnolli is personally corrupt? Not at all. But it does mean that she will probably represent the viewpoints and priorities of the pharmaceutical industry. That is how agencies are captured.
Oh, and guess what else? The White House left the Pfizer connection out of its announcement of the nomination. @TheChiefNerd has helpfully depicted what the announcement should have said.
Close to 700 former officials now work for defense contractors. That’s what Elizabeth Warren has exposed in her aptly titled report, “Pentagon Alchemy: How Defense Officials Pass Through the Revolving Door and Peddle Brass for Gold.” Thank you @SenWarren.
The “revolving door,” operates way beyond the defense industry. People shuttle back and forth between industry and the EPA, the FDA, the CDC, the FCC, the USDA... pretty much every regulatory body. I’ve seen it first hand in my dealings with Big Pharma and corporate polluters.… twitter.com/i/web/status/1…
Here’s the deal: if you protect the interests of industry while you are in office, you are assured a lucrative position upon retiring from government service. If you don’t play ball, you’ve sabotaged any hope of becoming a highly paid influence peddler, lobbyist, consultant,… twitter.com/i/web/status/1…
ERRATA: Apologies for my earlier tweet reporting that the U.S. had installed nuclear-capable Aegis Missile systems in Ukraine. This was incorrect. The U.S. installed the Aegis batteries in Romania and Poland. According to former top NATO military planner Col. Douglas Macgregor… twitter.com/i/web/status/1…
At the very least, policymakers should carefully consider this perspective, to balance out the relentless warmongering and myopic Russophobia of the foreign policy establishment. I do not condone Russia’s invasion. The point here is not to excuse, but to understand the full set… twitter.com/i/web/status/1…
U.S. and British officials reneged on their solemn 1991-1992 assurances to Moscow that NATO would not move “one inch to the East” if Russia agreed to remove its 400,000 troops from East Germany and allow German reunification under NATO. Instead, NATO moved a thousand miles… twitter.com/i/web/status/1…
Here is a picture of me with my uncle, whose wisdom affected me profoundly. Today, these words of his are especially relevant: “A nation that is afraid to let its people judge truth and falsehood in an open market is a nation that is afraid of its people.”
As a Senator, Joe Biden voted for the Assassination Records Act of 1992, requiring that all documents related to the killing of JFK be released by 2017. But President Biden is still keeping thousands of pages heavily redacted, including 44 pages related to a shadowy CIA agent and… twitter.com/i/web/status/1…
Nobody should be surprised when Americans are distrustful of a government that refuses to reveal 60-year-old secrets. The American people are entitled to see every document, as the law requires.
People who work hard should be able to support their families. That's why I am supporting the Writers Guild strike. The streaming companies are making huge profits while most of the writers, even of popular shows, are barely getting by in what has turned into a gig economy.… twitter.com/i/web/status/1…
I have no problem with corporations seeking a profit. That is their role. But we learned back in the 19th century that capitalism is inhumane if labor doesn't exercise collective bargaining power.
My support for the writers is part of my larger commitment to right the balance between capital and labor. Labor's share of revenue has declined markedly since the 1970s.