Damn, I Love Jeremy Corbyn!
Wall Street giant Morgan Stanley sounded the alarm yesterday.
The prospect of Jeremy Corbyn becoming prime minister is a more serious threat to British business than Brexit, the investment bank Morgan Stanley has warned.
...The nationalisation of key industries, higher taxes and a shift in spending priorities towards low-income households under Corbyn’s leadership could damage valuations of UK companies, the US bank warned.
Be Afraid Of Socialism! We've heard this tune before, but rarely do we hear a reply like this.
“Labour is a growing movement of well over half a million members and a government-in-waiting that will work for the many. So when they say we’re a threat, they’re right. We’re a threat to a damaging and failed system that’s rigged for the few.”
Boom! This is what happens when your politician isn't owned by Wall Street.
The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.
“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.
He highlighted Morgan Stanley’s $3.2bn settlement with US authorities for its role in the creation of flawed mortgage-backed bonds during the global financial crisis, and the bank’s four meetings with senior government figures including Philip Hammond, the chancellor, last year.
The mic just got dropped.
Speaking of Philip Hammond and his buddies at Morgan Stanley, last month it was Hammond that put one over the fat part of home plate so Corbyn could knock it out of the park.
Philip Hammond says that Labour poses an 'existential challenge to our economic model' - Yes, we do.I am not going to sit back when their economic model is seeing:
homelessness double
four million children in poverty
over a million older people not getting the care they needTheir economic model is broken. It doesn’t work for most people. Even the International Monetary Fund thinks inequality and low taxes for the richest are harming the economy.
That's twice now Corbyn has told them "Yes, you've got it right. I'm coming for you. Was I not clear about it before?" And Labour keeps pulling further and further ahead.
Maybe the neoliberals are hard of hearing.
Jeremy Corbyn couldn't have picked better enemies.
Comments
GOP doing its best to destroy
the few elements (other than the military) that have even the taint of socialism about them. Meanwhile Dems in the corner hypocritically moan and wail on cue in the hopes they'll win a few more seats in 2018 and get some of that big donor money headed back their way.
"You can't just leave those who created the problem in charge of the solution."---Tyree Scott
I got to listen to a Hillbot enthuse
about 2018 and maybe Cory Booker in 2020.... The one Democrat in a Repugnant household on Thanksgiving and he has to say it to me. I did make some comments, told him to read Thomas Frank after he warned me about "fake news" when I told him they are ALL in on it. Jesus, it was hilarious but very sad too. This is a smart man, traveled the world with his wife, nice people. And he's still hopeful for Democrats fixing this mess. We left it there.
I was fully prepped if confronted by a Repug but also was on my best behavior - these were friends of a friend, not my RWNJ family after all. At least they were too and I heard nothing about how great Rump is. But the irony of being confronted by a Hillbot, well damn, I wasn't ready for that.
Only a fool lets someone else tell him who his enemy is. Assata Shakur
Corbyn talks the way I had been wishing Democrats would
answer Republican bs for years. Instead they were busy “reaching across the aisle” and being pragmatic. I finally realized that Dems never intended to stand up for voters. Instead they serve those who lobby them and buy their loyalty—the very same people whom Corbyn condemns. What’s not to love about Jeremy Corbyn?
"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"
Corbyn talks the talk and ....
....
Life is what you make it, so make it something worthwhile.
This ain't no dress rehearsal!
Wonder how
wall street feels about fear?
They, and most governments, have reaped the rewards of scaring the shit out of most commoners.
I haven't been afraid and it's time for payback.
Regardless of the path in life I chose, I realize it's always forward, never straight.
Democrats are willing to shut down the government
Yep. You heard right. Pelosi has been telling people that it's time to stand up to Trump about this. If he and the republicans don't pass DACA, she is not going to work with republicans to fund the government.
Why aren't they doing this because of the tax cuts you ask? Damn good question. I've been wondering this same damn thing. But I'm sure that we all know why democrats aren't speaking out about this. They think it's their way back to power. Hopefully if this does get passed then people are going to be pissed that they didn't fight for us. If this doesn't show their supporters that they don't give a rat's ass about, what will?
I've seen a bunch of comments on ToP saying this same thing. Why aren't democrats going on every news program and talking about this, or people have noticed that they aren't. Again. Remember the summer of death panels that went unanswered?
One person wrote that "elections have consequences and this is what happens when you run a candidate who has so much baggage and she looks like she's a big friend to Wall Street, this is what will happen time after time."
this got flagged
I'm sure you can imagine how that went on there
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.
~Hannah Arendt
I could loan you my "Hillary Clinton is a War Criminal"
essay and you could post that. I'd bet you would get more than flagged. I wonder how long they'd let it stay up.
@snoopydawg The democrats have their
The democrats have their own 1%. They have their pet causes and social programs they care about. Schumer and Pelosi schmooze them up, and they write the checks. They're also well off enough, have enough investments to benefit from the republican tax cuts. No matter what, they'll do OK Whoever is in charge. The advice for the rest of us is when times get tough, pull yourself up by your bootstraps, pretty much the same as the republicans. So if the dems are silent it's because they don't want to upset the people that write the checks. Shutting down the government won't bother their donors any more than the republican donors. Except for showing up every 2,4,6 years we count for nothing.
In Unrelated News, The Repub/Trump Tax Bailout For The Rich
Rumors of likely passage, zoomed the stawk market to new highs today.
Banquets for the Rich, crumbs for the working class.
Good for the UK. Maybe they will be the first to start the reversal of World Neoliberal Cancer. I'm afraid the US has a terminal case.
Donnie The #ShitHole Douchebag. Fake Friend to the Working Class. Real Asshole.
So anyone know how hard it is
to emigrate to England? s/?
Only a fool lets someone else tell him who his enemy is. Assata Shakur
At this point, the utter dross that is the Tory 'government'
is only held together by the fear of Corbyn.
The mere fact that oafish twad* Boris Johnson is Foreign Secretary pretty much says it all.
*see Alan Partridge
Gëzuar!!
from a reasonably stable genius.
Despite the casting in the movies of the Harry Potter saga,
in the “canon” — the final authority, author Joanne Rowling’s original words in her books — Harry’s muggle cousin Dudley Dursley is actually blond.
Boris Johnson is how I picture what Dudley became when he grew up.
Jeremy Corbyn
It is so refreshing to hear a politician like Jeremy Corbyn who is not afraid to stand up to the 1%. (That is why I supported Bernie Sanders.) The U.K. suffered through their Tony Blair period but it looks like the Labour Party is making big changes. Will the Democrats do the same? I'm not holding my breath, but if they don't they will go the way of the Whigs.
Jeremy Corbyn makes me want
Jeremy Corbyn makes me want to re-join the mother country.
AncestryDNA
When I got back my DNA results, I was 23% Great Britain and 3% Scotland/Wales/Ireland. That should give me some standing there.
bookmark [Corbyn as economic threat-links] thanks gjohnsit n/t
Tory Brexit's hit to London's Banking industry inoculates Labour
Tory Brexit's hit to London's Banking industry inoculates Labour
... against the critique that "hitting banks will destroy our country", which has worked in England and most other places for at least a century.