NEW POLITICAL PARTY

Looking for Members to Restore America to the Values of the Founding Fathers

CORRUPTION — Securities And Exchange Commission(SEC)

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Found on the Internet and edited:

In recent months, the Justice Department and the New York Attorney General’s Office have trumpeted their alleged “crackdown” on Wall Street. JP Morgan Chase, for example, agreed to pay $23 billion in fines in 2013. And Bank of America has recently settled for a $16.7 billion “fine” over mortgage abuses. That’s in addition to a $9.5 billion BoA fine levied by courts in March. (All tax-deductible as “losses,” naturally.)

Of course, being admissions of criminal guilt, you might expect some jail time, too, but I’m not holding my breath on that one, and neither should you. Even so, this proves that our government is impartially enforcing the law, right? After all, this isn’t chump change.
It’s Not About Who Gets Charged … It’s About Who Doesn’t
Not quite. A recent study by the London Business School (LBS) examined more than 7,300 instances when U.S. corporations issued significant corrections to their financial statements between 1996 and 2006. Such restatements typically trigger Security and Exchange Commission (SEC) enforcement actions, because they often imply internal accounting, share trading and other shenanigans.

The LBS study cross-referenced these restatements with campaign contributions and lobbying expenditures by the firms and their executives. It found that “politically connected firms are on average less likely to be involved in an SEC enforcement action, and face lower penalties if they are prosecuted by the SEC.” Specifically, firms that increased their political contributions by $1 million over five years cut their chances of being prosecuted in half.

Why would the supposedly impartial SEC enforce the law so lopsidedly?

The LBS study suggests that it’s all about the SEC’s fear of political consequences when choosing enforcement targets. The more money a firm has donated to key lawmakers, the more likely it is that those lawmakers will become upset by SEC prosecution, leading them to try to punish the agency by reducing its budget. “The presence of an established, public relationship between the firm and key politicians could be sufficient because the SEC might be aware of the increased costs of initiating an investigation against such a firm,” the study says.

A 2013 Project on Government Oversight research report found that since 2001, more than 400 former SEC officials have taken jobs representing firms facing SEC action. The LBS report found that companies that employ ex-SEC lobbyists “experience a larger reduction in the probability of enforcement and in penalties than those that do not.”

Definitely, the SEC has to pick and choose its targets. But surely they’re targeting the worst violations, such as the pay-to-play scandal, in which Wall Street firms bribe state and local politicians to give them pension fund business? After all, the SEC established an unambiguous rule banning Wall Street firms from donating money to politicians who give those firms contracts to manage public pension money.

A major investigation early this year into donors associated with 43 financial firms managing New Jersey pension funds, including vampire squid Goldman Sachs, found that they have spent a total of $11.6 million on contributions to state politicians, including Gov. Christie’s election campaign and the New Jersey Republican State Committee. Many of these contributions came either just before or just after the Christie administration awarded the firms massive pension management contracts.

That’s in direct violation of the SEC rule, but there’s been no mention of an investigation. Indeed, the SEC has prosecuted just one case under the now three-year-old rule.

From 1973 to 2009, the financial sector’s share of domestic corporate profits climbed from 16% to over 40%. Donations flowed to Congress and hundreds of SEC officials became rich shills for Wall Street. So when the U.S. economy’s day of reckoning came in 2007-2008, the only policy options adopted — indeed, the only ones on the table — were those that bailed out America’s fat cat financiers. The rest of us were left to suffer.

END

This is just one example of government corruption.  Corruption has spread through our government like a fast growing cancer.

This cancer will destroy the nation and YOUR family.

Are you going to let this happen to the nation our forefathers founded?

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

September 13, 2014 at 7:29 pm

ISSUE – INFRASTRUCTURE

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Abridged definition from Wikipedia:

Infrastructure typically refers to the structures that support a society, such as roads, bridges, water supply, sewers, electrical grids, telecommunications, and so forth, and can be defined as “the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions.”

Infrastructure would also include airports, rail lines, and bus routes.

Without a high quality infrastructure, a nation is handicapped in all other areas; economy, education, environment, crime, health care, etc.

Infrastructure is the foundation of society.

A weak infrasturcture means a failing society.

The nation’s infrastructure is in very poor shape.

America”s society is sinking fast.

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

August 3, 2014 at 8:32 pm

Have Americans Given Up?

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Have Americans given up?

Many of them have, or more correctly, they have ceased to be Americans.  They have abandoned the values that made the United States great.  In the place of these values, these people have adopted the mind-set of street rable:  petty, selfish, corrupt and stupid.  These people seem to only care about their own imagined self-importance.

America would be better without them.

But there are some Americans who believe the cause is lost.  To them, the corruption and incompetence has taken over the nation completely.

This is partially true.

Still, there is nothing that cannot be fixed/changed and Restore America to Greatness.

All that is needed is New Politics: the politics of what works, politics that solves problems, politics with no concern for ideology, politics that restores the nation to greatness.

NEW POLITICAL PARTY is THE SOLUTION.

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

July 26, 2014 at 7:29 pm

Are You Really Looking At America?

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Do you ever look around and think, “This is not the country that I grew up in…”?

So few people are making this realization.

Those few are utterly disgusted by what they see happening at home.

And they feel powerless to stop it.

Think about what’s happened just in the past year:

-economy detoriating; fewer jobs, lower wages, rising prices, higher taxes

-political scandal after political scandal

-white house incompetence; nothing is accomplished

-more and more terrorism

-more and more regional conflicts(wars)

The list is endless.

The politicians continuously squabble about ideology instead of focusing on solving problems.

The voters/citizens are no better; fighting like animals over a rotting carcass with no concern for the welfare of the nation.  As long as they think they can get more, then who cares about their country.

Corrupt, incompetent politicians and stupid, freeloading voters are destroying America(the country) and the United States(the nation).

If things do not change, the United States will be a fourth world nation(with starving people and no hope of a future).

No one believes this because they do not WANT to believe it.  Ask your parents and grandparents how things were when they were your age or just look back 10 years.

It does not have to be this way:

-get rid of the evil politicians; do not vote for the democratic or republican party candidates

-fight back against those against American values

NEW POLITICAL PARTY  has solutions to quickly turn the nation around and restore America to the land of the founding fathers.

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

June 21, 2014 at 8:20 pm

Pay Raises For Congress

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There was an article on the Reuters website pushing pay raises for Congress.

How STUPID can an individual be?

VERY!

Based upon performance, all Senators and Congressmen should receive no salary or benefits.  They have done absolutely nothing to solve the problems/issues facing the nation.

Year after year, these failures spend trillions of dollars and accomplish nothing but getting re-elected.

Yet, they keep getting re-elected or repolace by another incompetent/crook.

Why?

Because the voters, in all their stupidity, keep believing that politicians and government are the answers to everything.

Politicians are crooks!

Government is incompetent!

Grown up People.  There is no fairy godmother: government is not your mother and father.

As long as the voters keep voting for the corrupt and incompetent, the United States will continue to decline into Third World Status.

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

April 6, 2014 at 3:14 pm

Party Tenet — Limited Government

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Nothing good comes from large government.

Large government means:

  • higher taxes
  • less freedom
  • less prosperity and a weaker economy
  • ineffective government
  • less justice and fairness

Government’s very nature is to be incompetent, costly and burdensome.

Government is a cesspool whirlpool; it sucks in corrupt, incompetent and lazy/worthless individuals, both as politicians, consultants and employees.

Government produces nothing; larger government use more resources; resources that could be used to produce something.

The few necessary functions of government can be performed by limited government.

 

Written by solutions777

March 2, 2014 at 10:20 pm

Party Tenet — Rule of Law

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Definition from Wikipedia:

The rule of law (also known as nomocracy) primarily refers to the influence and authority of law within society, especially as a constraint upon behavior, including behavior of government officials.

END

Simplified: it means that all laws apply to everybody especially the government.

Laws should not be bent for anyone.  Just because the public, any group or government entity does not like the result in certain cases should have no effect on the administration of any law.  There are many cases where the law has been bent out of sympathy for the guilty or the desire of benefit by the selfish.

The law must not have feelings or in any way be governed by emotion.

Without Rule of Law, there cannot be Fairness.

Written by solutions777

March 2, 2014 at 10:01 pm

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