Call: (646) 716-5812 – “Facebook LIVE” – Live stream: BlogTalkRadio (Entire USA) Radio Show Date: November 18th, 2019

LIKE our Facebook page, SUBSCRIBE to our YouTube channel and Become a Patron.

---

It is clear that the stars are aligning for a 2020 election blowout win. It will only happen if Progressives forget the fear and go big with the correct narrative.

Election 2020 is around the corner and many Democrats are trying to find the proper narrative.

And the Democratic narrative has better be poor and middle-class-centric. Presented in a non-ideological manner but instead personalizes will ensure a huge election 2020.

Right now Progressives and Centrists are battling about who Americans are more likely to elect. That is the wrong question. The correct question is who will work hardest and honestly for the well-being of all Americans. The answer is clear as Centrists have proved how they govern and how they intend to govern.

Blog of the Week

---

Support Progressive Independent Media

Most Independent Progressive outlets continue to struggle to raise the funds they need to operate much like the smaller outlets like Politics Done Right. Please subscribe even at the $1.99 or $4.99 level. Please consider supporting our GoFundMe here.

---

Ocasio-Cortez: ‘I Was Sent Here to Safeguard and Protect People,’ Not the Profits of Private Equity

During a hearing on Capitol Hill, the New York Democrat rails against industry destroying jobs and gutting the U.S. economy.

During a U.S. House Financial Services Committee hearing Tuesday, Rep. Alexandria Ocasio-Cortez railed against private equity firms for “wiping out tens of thousands of jobs” and having “undemocratic impacts on media companies.”

“I wasn’t sent here to safeguard and protect profit,” said the New York Democrat. “I was sent here to safeguard and protect people.”

The hearing, entitled “America for Sale? An Examination of the Practices of Private Funds,” was called by Rep. Maxine Waters (D-Calif.), chair of the committee, “to examine the impact of private funds on businesses and workers,” as Waters said in her opening statement.

“While there are some examples of private equity firms playing a beneficial role in the U.S. economy, there are far too many examples of private equity firms destroying companies, and preying on hardworking Americans to maximize their profits,” Waters added. “Today we are going to take a hard look at those practices and examine whether Congress should take action to prevent the predatory practices of some private equity firms and hedge funds.”

The hearing focused on three pieces of legislation, including the Stop Wall Street Looting Act of 2019 (H.R.3848 and S.2155). Introduced in July by Rep. Mark Pocan (D-Wis.) and Sen. Elizabeth Warren (D-Mass.), the bill is co-sponsored by many progressives in both chambers, including Ocasio-Cortez.

Warren’s office explained in a fact sheet (pdf) earlier this year that the bill aims to “level the playing field, protect workers, consumers, and investors, and force private equity firms to take responsibility for the success of companies they control by closing the loopholes that allow them to capture all the rewards of their investments while insulating themselves from risk.”

The hearing came after Warren, Pocan, and some of the bill’s other sponsors—including one of Warren’s rivals in the 2020 Democratic presidential primary, Sen. Bernie Sanders (I-Vt.)—sent a letter (pdf) Monday to Carmine Di Sibio, global chairman and CEO of Ernst & Young AG, to criticize the accounting firm for an October report on the private equity industry.

The report (pdf) was released in partnership with the American Investment Council (AIC), an industry trade group, but the lawmakers’ letter suggests the joint effort was intended to bolster private equity in the face of intense criticism and recent legislation in Congress.

“This new report appears to have been prepared as part of the response to our new private equity legislation, the Stop Wall Street Looting Act of 2019,” the letter says. “We are not surprised that the private equity industry is fighting this legislation at every tum—and we have questions about the role your firm is playing in providing rigged reports and conclusions as part of this effort.”

[More]

Read My Current Blog Posts

• Trump’s War on Canada Is Weakening America—and Working Families Pay the Price
• Trump’s Iran War: Who Cashes In While Americans Pay?
• Chris Christie Blasts Tom Emmer: GOP Malpractice Is Making Americans Pay
• Trump’s $500 and $90 Checks EXPOSED: The Election-Year Accounting Gimmick Americans Must Understand
• Markwayne Mullin Uses ChatGPT to Push a Red-State-to-Blue Immigration Conspiracy
• Republicans Blame Democratic Judges for the Bail System They Helped Build
• UPS Fired Her Over a Union Vest She Got Her Job Back—and Kept Fighting
• Right-Wing Caller: Myths Meet Facts – Medicare for All, Drug War Failures, and Big Pharma
• Sarah Huckabee Sanders’ Ad Backfires as MAGA Erupts Over a White Medicaid Recipient
• Who Broke Texas? Follow Republican Power, Corporate Profits, and the Public Cost
• Rahm Emanuel Attacks DSA With GOP Talking Points—and Undermines His Own Coalition
• Rahm Emanuel’s Medicare for All Stance Is a Clear and Present Danger for Democrats
• North Dakota Farmer Says Neighbors Are Waking Up to Trump’s Failures
• Voting Through the Fear: How Organized Voters Can Defend Democracy in 2026
• The Billionaire Genius Myth: Who Really Creates the Technology We Use?
• Over 6,000 Measles Cases: Trump, RFK Jr., and the Cost of Gutting Public Health
• AI Billionaires Want the Profits. Working People Get the Risk.
• Billionaires Must Pay Back: Workers Built the Wealth They Claim
• Trump’s Healthcare Agenda: ACA Cancellations, Higher Costs and Tax Priorities That Favor Wealth
• Tucker Carlson Wants Trump Removed Under the 25th Amendment: MAGA’s Fracture

My Other Posts At DailyKOS.com`