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Bailout Indignation
How about a test of your injustice barometer?
You might think that the reckless, avaricious, giant corporations, having shrunk the economy, cost millions of jobs and then demanded that taxpayers be dunned for years into the future for multi-trillion dollar bailouts, would show contrition, regret, or self-restraint of their power over Washington.
Forget it. They're baaack! Their greed and power are revving up big time to bring Washington and you the taxpayer, you the parent, you the consumer, you the worker, to your knees. Here is a sample of the appalling dynamics of corporate greed and continuing over-reach each day in your nation's capital.
1. Just when people thought the taxpayer-subsidized corporate student loan racket was ended by the Democrats, Sallie Mae, its cohorts and lobbyists, like Jamie S. Gorelick of FannieMae notoriety, are descending on Congress. The non-partisan Congressional Budget Office concluded that replacing these subsidized loans with direct Department of Education lending will save $94 billion over the next ten years.
It is long overdue to end this gouging, college payola giving, obscenely overcompensated industry, and give students an efficient and reasonable lending system. Still, Sallie Mae, Citigroup, Bank of America and others are swarming over Congress to retain a big piece of the action. "Why do we even need private lenders?" correctly asks Congressman Timothy H. Bishop, a former provost of Southampton College.
2. ABC News reports that banks are hiking already high credit card rates and other bank-related fees: "The Banks have been given billions of dollars of tax money and only lend it out if customers are willing to pay extortion rights," said Tony Cesnik, a Concord, California, resident. Cesnik adds: "The banks need a legal spanking. They are acting like spoiled brats!" Elizabeth Warren, Harvard law professor and chair of the Congressional Oversight Panel agrees: "We're asking taxpayers to pay twice."
3. The big oil and gas companies are saturating the airwaves with ads warning about the Obama Administration's alleged desire to tax them $400 billion. This will cost jobs and reduce the discovery of more oil and gas, they say. Where is this $400 billion figure from? Obama's ambition is not much beyond repealing the tax breaks George W. Bush gave his oily friends for drilling in the Gulf of Mexico when oil was selling at less than $40 per barrel. Some of the oil industry's own spokespersons admitted last year that their argument doesn't hold water any more with such high oil prices and profits since then.
So what are the big oil corporations like Exxon doing with their excess profits that totaled a record $45 billion just for Exxon last year? They're not even drilling on two-thirds of the acreage they have rights to explore. Instead Exxon is spending $35 billion to buy back its stock and hold in cash. When the next oil shock comes, Exxon will demand more tax breaks and other dispensations to fund its drilling. We've seen that game played out before at the gas pump.
4. Now comes Newsweek's Michael Hirsh to report a private meeting recently between six senators and Obama in the White House where the president heard complaints that his proposed regulatory reforms were too weak and were being devised by his appointed officials who were part of the problem in Wall Street. Well, are you surprised that a new powerful lobby created by the likes of Citigroup, JPMorgan, and Goldman Sachs is gearing up to stop adequate regulation of "over the counter" derivatives, to keep these transactions secret, and to continue to permit what Hirsh called the "systemic risk that led to the crash." This brazen move by the incorrigible banks is underway after they received huge bailout money from Washington. Beware they may yet demand and receive another big bundle.
5. With workers losing millions of jobs, the U.S. Chamber of Commerce, the National Association of Manufacturers, and virtually the entire business juggernaut are amassing tens of millions of dollars to stop the union-facilitating "card-check" legislation and any effort to bring the federal minimum wage up to what is was back in 1968, no less, adjusted for inflation. It is now about three dollars short of that modest goal for hard-pressed laborers, many without health insurance.
6. And oh, how these company bosses are fighting to keep their big bonuses going as a reward for tanking many of their own companies. Call it hubris, arrogance, disdain for common decencies of the American people, it all reflects too much corporate power over our lives-a judgment over 75 percent of Americans share.
All this lobbying of Congress and the White House year after year pays off. A study by three Kansas University professors found that a single tax break in 2004 earned drug, manufacturing, and other companies $220 for every dollar they spent in their cash register politicking. Presently, Lockheed Martin is spending millions of our taxpayer dollars to oppose Obama, Defense Secretary Robert Gates, and many other defense experts who want to finally shut down the price-skyrocketing F-22 fighter extravaganza designed for combat in the Soviet Union-era.
So, are you more upset than when you started reading this column? Feel frustrated and powerless? With your friends, ask your Senators and Congressperson during their frequent recesses for a three-hour public accountability session. If you can assemble 300 or more residents, after you rev up your community, you're likely to have your elected representatives come to an auditorium where you live and work. If they think 500 people will show up, it is even more likely. Especially if you are organized and tell them this is just the beginning. Just the beginning!
Without the rumble from the people back home, a majority of the 535 members of Congress will continue to kowtow to about 1500 corporations and you'll pay the price again and again. So, rumble, rumble, rumble!
- Posted in




135 Comments so far
Show AllI really do not follow the logic of those still proposing that we rumble, demand, get angry and organize and talk nice with those betraying nature, natures laws, God and everything good in the world. Because a handful of our population including our representatives are not doing what they pledged to do and in all sense and purpose have sold their souls to the devil, is our soulution to rumble with them? These lost souls, no matter how much we fight, beg, or plead with cannot help us. We do not comprehend the level of depravity that these individuals are suffering from. The more we connect with them the more we sell our souls. Those of us that get this would do better in understanding the need to disconnect our sense of right and power from them unless they give us any hope that this right and power that we send their way will come through intact instead of going into their domain of black space and dying like a bird frozen in the cold of winter. Right now as Ralph succinctly points out it's death to all birds of hope in the environment of greed and corruption that rules like a monster in our government with the head of it living in what should now be dubbed the Black house. "Black house" as in worsening the greed and corruption growing still out of control in the promise land, and we must wonder what forces of justice are now at work against this mixing pot of beliefs, cultures and colors that came together to steal this land and claim it was because of our goodness that we would could, only to find the eventual leaders would not found but instead lose goodness in the end.
A new promise and hope can be established beyond the corruption but only in the spaces that still offers such hope. That space is with the humble common human with their beliefs and hopes set on the truth and dedicated to freely serving that above all else. Here all promise is held and awaiting our recognition, if we the majority could just awake from the nightmare we put ourselves within of this minority bound to their avarice and blinded by their greed.
I think we have to tackle the pols on all levels. I also have some other suggestions as to how the electorate itself will have to see through all this clearly. A lady from India recently told me that often times, when there's corruption at the top ruling class, it almost always trickles down to the working class. I'm guessing that we the electorate are going to need to find some way to stay immune. You and I aren't fooled but most of the electorate sadly is.
Thank you Jennifer for your input, very refreshing to share in these sentiments.
It still seems that we need much more focus on the front of achieving success in moving the good still to be found in this American culture out of the black house of greed and avarice because the apex of that dynamic finds it's domain at the top and can only trickle to the public that makes up the base of our society if we keep connecting ourselves to their poison.
Not a problem. By the way, it seems that somebody on this thread is calling you and me "racist" just mentioning "black house". I know you're not a racist as that somebody mistook you to be but it seems that the term "black house" will have to the changed to the "house of darkness" since some people are so judgmental on this site.
Leea makes some good points--if rather verbosely--but the use of the term "Black House" was just dumb--you shouldn't be rationalizing it. It just discredits her and gives ammunition for people who are opposed to her ideas.
My guess is that If you invent the term "Black House" I can assume you are not Black.
Am I wrong about that?
Ralph wrote another good one and he gives Obama some credit and his desire for a new friendly relations with the new left in South America is also a good sign for me.
Good on you, Jim Glover.
Kathy
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
To be perfectly honest I'm not sure if I'm black or white, but my skin is white. What defines a person as black, versus white anyway? Obama is as much white as black but it seems everyone bows to calling him "black". I don't see him as black nor myself as white because I have no idea of my fathers ancestors in his case he is half and half. Supposedly there is Native American back with my great grandfather......but I've never researched it. My brother has darker skin and looks Italian or Native American.....
I think and perceive of many things differently than others. Regardless I was not using the term Black in reference to race, but character and action. Part of growing past racism is to not acknowledge it's power to silence and contort social view points. I think the word Black is being used to inflame prejudice in this case while the ongoing use of the words "White house" is overlooked. Why not question the use of "White house" if you are going to question "Black house". We can assume that the use of "White" is not to indicate the skin color of our president and his family but the integrity and seriousness of the station entailed. Right now the integrity and seriousness of that station has many black marks against it in my opinion and that dynamic was years in the making and culminated in this election year. It is a black time for this nation but if we cannot use that word because it is racist, then the word white cannot be used either. Maybe we need to call it the gray house?
Jennifer & others, as an onlooker from down-under, it saddens me to see how the American public has been continually bent over a barrel by a small but greedy and controlling minority. Any society that has something like 95% of its wealth owned by 5% of the population, its on par with the darkest African colony in terms of social equity.
What's need is a global revolution against the paradigm of self interest. Unfortunately, most people, not just in USA but around the world are kept either poor and dumb, barefoot & pregnant and/or, marginalized by abject poverty, that they can't even comprehend the idea of rebelling against the situation. The middle classes don't rebel because they fear losing what they have (though most have now) and the few 'self made' wealthy are happy to go along with the status quo.
How many citizens in your own country know that the US Federal Reserve is a private corporation with it's only charter; Greed & Avarice. You don't have to look any further than who is going to profit from the current recession by bankrupting the public and buying up their assets at cents in the dollar. Then hit them again by printing s#%t loads of money to devalue any savings they may have left, then fleece them for bail-out money, essentially giving money to the rich. Your Fed has the monopoly on your money supply so they can milk it, just like the global oil companies control oil supply (by not drilling, etc). No doubt they will extract hefty "incentives" like access to previously barred marine areas &/or tax breaks, if only they would just please, drill, instead of the gov' looking seriously at alternative energy sources like Hydrogen, one of the most plentiful sources of energy, freely available in sea water.
Disappointing that instead of united action to lobby your rep's both local & federal, even here on this site you just get bickering over the misconstrued use of the term 'black house' - please, get a life, get on with it cause they've sold out your country and your grand children's inheritance.
Almost no one here knows of the Fed, Michaelj. The smell's all over, but it's hard to find the body somehow.
Leea, I consider your comment racist, offensive and inflammatory since if Obama had white skin instead of black, you never would have started referring to the White House as the Black house.
Most people who write on CD try to be respectful and civil in their discourse, even when disagreeing.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
She's not calling it s "Black House" just because Obama is an African American. She is referring to an entirely different meaning of the phrase. You can keep deluding yourself into believing that hope is coming and that things are progressing in flying colors. However, the rest of us who aren't deluded are willing to face the cold and dark truth. Nowhere did Leea imply racism. If you want to call me a "racist" because I am color blind and do NOT judge people by the skin of their color, FINE ! Go right ahead and be as judgmental as you want. Pay no attention to the real issues.
Sorry Jennifer Bedingfield, I'm not buying that. Nobody has ever referred to the White House as a Black house until a Black man moved in. You can draw your own inferences, although you are out of line calling me deluded.
I have been a political activist for many decades before you were born. I am not blind to the situation. And I am familiar with covert racism even if you are not.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
I don't know what's with you people getting so picky like this. I've heard the term "black house" a million times long before Obama even ran. Maybe I don't know all that subtle racism as much but that doesn't make me or Leea a racist. I tell you what. Change the term to "house of darkness", deal? I'm color blind and I long ago learned not to judge anyone by their skin but by their actual hard work. What about you?
Jennifer,
"you people?"
As in the old South white code referring to blacks as "you people?" while talking with "them."
Just come out and say it: Mr. Obama is a "House Negro."
MALCOLM X: THE HOUSE NEGRO AND THE FIELD NEGRO
http://www.youtube.com/watch?v=znQe9nUKzvQ
Your MalcomX comment is crossing the line. Like I said, I don't judge people by their skin color but by their actions. What part of this do you not understand ?!?
As to the phrase "you people", we used it all the time in rural MO even when there were no colored people.
It appears that some hypersensitive people are offended by the term "black", so all the rest of us will have to cashier our dictionaries and start using a different descriptor for every time we have to use the term "black". Apparently, for as long as a darker than white person is reigning in the U.S. capital, we should substitute "opaque" for "black" and only ever use "black" when we are referring to brown skinned people. And that will inevitably lead to throwing the word "black" away altogether because you just know that, eventually, some darker than white person will be offended by being exclusively called "black" and will demand that it not be used at all because, historically, it has been used extensively in association with evil. And then, of course, we'll have to toss the next descriptor away because, over time, it will acquire the same odious linkage as "black" does now.
For those of us who couldn't care less if Obama was royal purple or fire engine red it all comes down to: What is he doing? ...and the answer to that is that he is being a U.S. president the same as most of the other evil trash that has inhabited that cesspool of a capital.
legalalien, I use the word "black" all the time, but changing the name of the White House to the Black house when a Black man moves in is obvious. All of this sounds too much like "some of my best friends are black". My daughter-in-law is black, and I get to see first hand what she has to face at the hands of law enforcement, store clerks, anyone who has any form of power over her.
People don't refer to someone as white, but if they are Black, that is the first thing said about them. How often when white people commit a crime are we informed of the color of their skin? And how often when they are Black? Are you suggesting that our society is colorblind? It isn't.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
Well, I'm sorry to hear about what happened to your daughter-in-law. However, race is just another issue misused to divide people and rip them off economically as much as possible. The law enforcement and store clerks are not allowed to discriminate like that and if they do, they are violating the general rules of conduct and they should be taken to task and held accountable.
With reply to the first paragraph, I'm afraid so but it seems that even then some people will still call us racist.
On the second paragraph, THANK YOU. I don't care what color a pol is. All I care about is that the pol is doing the right thing or not and so far Obama's goofing up for the most part. I thought that the issue of race was actually put to rest a long time ago but it seems that one side or the other has to play the race card game to score political points. Sickening.
The White House is more like a Black Hole, in my opinion. Taxpayers put everything in, and nothing comes out.
But I also think Black House is totally appropriate. The FBI has a Black Team, for example, because no one knows what the hell they do--it's like looking into a totally black room, quite identical to trying to figure what goes on on the White House.
The only reason I can see to give a hoot about skin color is to perpetuate the notion that we are not the same species.
The fact that everyone is talking about the race issue and nothing about Ralph's article is proof that Race is still a very sensitive issue.
Those who think it is not or don't care are just fooling themselves and I will assume that anyone who uses color for a clever point like "Black House" is not Black.
Lets get off this tryin to be so clever and get to Ralph's article... a good one too.
Hey BeForKids,
I can see how you are mistaking the intent of my wording. I tried to be clear on what I intended to get across by using the term 'black' and was actually a little bit afraid to use it because I figured someone might tell me I was racist. I think that calling the official home of our leader a 'white' house can be interpreted as racist too, you are damned if you do, damned if you don't, and just plain damned.
If I am racist, I am not aware of it. But we can never know for sure what our subconscious motivators might be and should stay alert to root out bad tendencies where ever they pop up.
Leea, then why didn't you start calling it the "Black House" when Bush was in it? He tarnished it far more than Obama is doing.
If racism involves stereotyping people then to some degree we all do that. We're hardwired to create models and run them. It's efficient. But to my mind racism is thinking you're superior to another. And if you don't think that, and you are aware our society has defined a group as less-than, you would be sensitive to their feelings and careful not to be offensive to them. I have not seen that in your writings. But perhaps in your opinion, Blacks are treated equally in our society. Although how any informed person could think that, I cannot imagine. Just because the law gives them equal rights doesn't mean they get them.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
Well BeForKids these are excellent questions.
With Bush to be perfectly honest I did not even consider him my president for a variety of reasons, I thought of it more of the White house being under siege and occupied. My perception was very different than with Obama. I consider Obama my president but his actions are leaving black marks against him in my mind, and I sense he is powerless to the status quo and the infection that has attacked our government and is spreading at an alarming rate.
The change he promised is not coming about and I am not surprised. I don't think white men and women, black men and women, red men and women, yellow men and women and the children are treated equally in our society. There are those in power with most of the money and control and they are a small percentage with their families and connections, then there are the rest of us.
The segregation has changed in nature and it has little to do with skin color at this point. Unless we can recognize that being a common American citizen is the new slave state in America.....what can we recognize? Us commoners are of all colors and we are a family.
This is how I see it, what do you think?
We commoners are of all colors, but too many of us grasp onto a sense of superiority to those of us with more color to their skin tones. Some people need to feel better than another to feel better about themselves. Doesn't work, but they believe it does.
You're right, this view is encouraged and promoted by the ruling class, to keep the serf class fighting over the scraps, and distract them from the reality that very little else is falling off the table. But it's working. Somehow we need to break that paradigm, and people need to recognize who the real enemy is. I think at some point people will look around and realize they are all in the same leaking boat. Hopefully soon, because as Paul Krugman points out, time is getting short. Things can get better or they can get very very bad. And I believe the current economic policies are taking us down the wrong road. When people start feeling seriously screwed, I hope they know who to blame and don't just fight over the few remaining jobs.
But make no mistake. There is still a huge racist streak in this country. Obama should have won in a landslide. Certainly a white male Democrat would have. When it became clear who the Democratic contenders would be, my oldest son said only the Democrats could lose a slamdunk election. And Obama would have lost if the economy hadn't crashed just before the election. That's what turned the tide. I don't know who said it, but someone told my second son that his relative in the Midwest said at that time, "Who's that Nigger running for President? I'm voting for him". Just goes to show people's wallets are even more important than their racial views. Barely.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
Thanks for such an awesome comment. Our delegates need to start doing instead of talking about doing. Its just another day in politics...
http://www.goarticles.com/cgi-bin/showa.cgi?C=1537187
Excellent comment, and SOOO true! It reminds me of something Vernon Howard once said:
"It is lunacy to attempt to lower the lunatic level of a lunatic"
one could also say:
"It is crazy to try to make a devil into an angel." He or she may pretend to be an angel, until you turn your back, then change back into the same devil.
Many 'devils' are consummate tricksters that pretend to be on 'your' side.
The bailouts were opposed last year from all sides albeit for different reasons. A lot of us agreed with Nader, Mckinney, Barr, Paul, etc ... that the bailouts would simply lead to more financial abuses and boy are they correct. Unfortunately, despite Mccain and Obama proudly voting for it and Obama even going way out of his league to bribe his own party members including the already corrupted Congressional Black Caucus members, the electorate shot itself in the feet and picked between Mccain and Obama while few of us choose to be truly wise voters. It seems that the electorate doesn't appear to want to elect pols based on the issues but more likely on "personality" baloney. Sure, those two parties will pretend on the issues but it's all nothing but sprinkles. Even today, turn on the television and you'll find out that all those sleazy commercials have just gotten sleazier. And reporting? For the most part, forget it.
Another thing is about the outrage itself. The current outrage most of us are shown in the media are the mere partisan types. Even on the recent tea parties, I cannot tell which of them are protesting for true reasons vs those who are protesting simply because their Mccain/Palin ticket didn't win. Most likely, the same Republican supporters who are outraged would have kept quiet if Mccain were in office doing the same thing as are most of the Obama supporters. If Mccain were in office, the Obama supporters would be suddenly showing outrage or maybe not because most of the Democrats in Congress would have played kissyface with Mccain anyway. Instead of having partisan outrage, there needs to be genuine outrage reflecting the fact that the pols in Washington regardless of which party in control are out of touch. That would make it easier for non-corporatist independents to step in and even force the Republicans and Democrats to clean up.
On the next to the last paragraph where Nader mentioned the need to build support starting in one's local communities, I can't seem to thank him enough. Last year, despite all our efforts to nail our House and Senate reps against the bailout, they still passed it anyway. I can see where taking on your reps at the local and even state level are far more effective than on the national level alone although I still think that all levels must be paid attention to.
Hopefully by 2010, we can find Independents across the country ready to throw loads of traitors in both parties out of their House and Senate seats and quit kowtowing to the corporate interests. It would be interesting to see what Obama does by then. I have also heard some people bring up the idea of the need to pay a lot of attention to local and state elections. I think that in some states, 3rd party support is growing while in others such as mine, it's not often the case. When it comes to local and state elections, in most cases the voters are not informed that there even is a race going on until the last minute or unless they hear a sound bite on the radio from a candidate or even from a billboard by luck.
P.S.:
I know that once again, some Obamabot troll is going to come in here and say "Well, I guarantee you that he or she won't be elected for choosing to do the right thing so your vote for 3rd party is a waste, blah-blah-blah." Fine, keep deluding yourselves about who's "electable" whether we're talking about the primaries or the general election and keep re-electing status quo. Keep up your partisan shilling and pay no attention to the actual issues because the partisans in both parties are the problem. Keep allowing the big corporations to get worse and keep on fighting on privatizing employment so that more people are forced to work for companies that they don't like because there's no way they can keep up with the rising costs of living. And then you'll wonder why you're stuck in the poor house.
Good P.S. I find these monotrons who chant over and over the reason why we should not pay election service to the truth and justice that is offered by candidates like our RN is because truth and justice cannot prevail in the current status quo of the black house/hill. Well duh! So you vote for evil to combat evil because good hasn't a snowballs chance in hell in surviving the already raging fire you are throwing kerosene on? These people keep dropping apples thinking they will fall up.
The definition of political insanity: Voting for the same duopoly over and over again and expecting a different result or real change.
Check out Bill Clinton's record sometime--longest economic expansion in U.S., history, lower poverty rate, biggest expansion of college opportunity since the New Deal, the deficit being paid off. Wanting more of that is hardly insane.
Ok, some of that I could take into account as sort of ok but he didn't pay the deficit all off. It was just a projection. Besides, what about all those "free" trade scams, deregulation in the telecom and agricultural industries, etc ... ? As for employment, yeah some of it came back but he did agree to fudge the unemployment numbers towards the end of the century with Dubya continuing to do more fudging these last 8 years. Hell, our unemployment levels could be 20% and we wouldn't know it.
It wasn't until Billy was out of office that the full effect of what he had done hit the fan. Take NAFTA for instance. It took a few years for the corporations to move their equipment over seas to use the cheap labor and then manufacturing died in the United States. Bought anything made in America lately?
Then there was "the end of welfare as we know it"---that was the end of the last vestige of the New Deal where a child born in the United States was entitled to food, clothing and shelter. Now they can live under the freeway or in a homeless camp with their mother.
Then, the best of all!! BANKING DEREGULATION!! We can all see how wonderful that was for the working people of this nation.
Billy is similar to Obama. We thought that since Bill was a working class guy he would understand the situation for working people. And Barry is a nice African American man and of course he would care about working people. Wrong on two counts. Both of these guys were choosen as young men to delude the American people into thinking things would be better if a Democrat was elected. Yeah, right!!
We been sold a couple of fraudulent puppets. Looks like they care about the working people of this nation---but look at who benefits---the top 1%.
Exactly, It was the Seattle riots that first made me aware of NAFTA. At the time I liked Clinton, but did not like the welfare reform bill. I did not wholly blame Clinton for the bill, since the repubs in congress forced it down his throat. Still, he could have vetoed it. Because of a media 'hate campaign' against welfare recipients, beginning with Reagan, a majority of citizens likely approved this bill at the time. Thus, Clinton symbolically held his nose while signing it (if I remember correctly).
Much of what Clinton accomplished was built upon the backs of the many thousands he threw off welfare. No job training, no child care assistance,no nuttin.
Perhaps Billy did accomplish a bit, perhaps more than a bit, but none of it was at all lasting.
regan and even hitler had better resume than that / most americans are deprived of the clue that wall street expansion means market price racketing, poverty leveled off 2% due to 40% growth of temporary job agencies(recently killed by bushes economic genius), as for bill elvis clinton college opportunity making we know internet can't be stopped even with the prices quadrupled - it's mystery clinton did n't get credit for software development industry- the biggest in history
edweg
I've always thought that the people we send to congress are in the end more important than the bloody chief executive, and I have voted accordingly. I always look for green or independent, or socialist candidates running locally. If Obama had to face even fifty green party members in congress, his policies would be different, I think.
"If Obama had to face even fifty green party members in congress, his policies would be different, I think."
I agree. The Democrats and Republicans would suddenly find themselves negotiating with the Greens and that fear would spread to the president. I vote on all levels myself. I would say that both Congress and the White House matter given the way our 3 branches of government have been set up. In fact, look at the economic sellouts and anti-civil rights injustices on SCOTUS. Often times, if a Democrat is in the White House, the nominee could be socially liberal but as long as he or she can appease Wall $treet and the Chamber of Commerce, then they're in. It's almost the same on the Republican side except that the nominee is socially conservative but nevertheless a corporate shill as well. Ok, then there's the senate who needs to confirm or deny these appointments. Hmmm, maybe you're right, Congress is slightly more important than the White House but I'm still voting on all levels.
Most perceptive, especially when considering that much of the Obama wish list is currently being held up by democrats in committee and republican filibusters too.
Bernie Sanders noted that the GOP has offered more filibusters over these provisions than at any time in US history.
Please bear with me, I am going to post links and excerpts from three articles regarding the evils of lobbying, a particular pet peeve of mine and a chief way our legislative intent is subverted:
http://projects.publicintegrity.org/rx/report.aspx?aid=723
Drug Lobby Second to None
How the pharmaceutical industry gets its way in Washington
By M. Asif Ismail
WASHINGTON, July 7, 2005 — The pharmaceutical and health products industry has spent more than $800 million in federal lobbying and campaign donations at the federal and state levels in the past seven years, a Center for Public Integrity investigation has found. Its lobbying operation, on which it reports spending more than $675 million, is the biggest in the nation. No other industry has spent more money to sway public policy in that period. Its combined political outlays on lobbying and campaign contributions is topped only by the insurance industry.
The drug industry's huge investments in Washington—though meager compared to the profits they make—have paid off handsomely, resulting in a series of favorable laws on Capitol Hill and tens of billions of dollars in additional profits. [See What the Industry Got.] They have also fended off measures aimed at containing prices, like allowing importation of medicines from countries that cap prescription drug prices, which would have dented their profit margins. Pfizer, the world's largest drug company, made a profit of $11.3 billion last year, out of sales of $51 billion.
The industry's multi-faceted influence campaign has also led to a more industry-friendly regulatory policy at the Food and Drug Administration, the agency that approves its products for sale and most directly oversees drug makers. [See FDA: A Shell of its Former Self]
Top 20 global pharmaceutical corporations
Most of the industry's political spending paid for federal lobbying. Medicine makers hired about 3,000 lobbyists, more than a third of them former federal officials, to advance their interests before the House, the Senate, the FDA, the Department of Health and Human Services, and other executive branch offices.
In 2003 alone, the industry spent nearly $116 million lobbying the government. That was the year that Congress passed, and President George W. Bush signed, the Medicare Modernization Act of 2003, which created a taxpayer-funded prescription drug benefit for senior citizens.
That figure was not anomalous. In 2004, drug makers upped their reported expenditures on lobbyists to $123 million, a record amount for the industry. Of the 1,291 lobbyists who were listed that year as prepresenting pharmaceutical corporations and their trade groups, some 52 percent were former federal officials.
By adding the benefit to Medicare, the government program that provides health insurance to some 41 million people, the industry found a reliable purchaser for its products. Thanks to a provision in the law for which the industry lobbied, government programs like Medicare are barred from negotiating with companies for lower prices.
Critics charge that the prescription drug benefit will transfer wealth from taxpayers, who provide the funding for Medicare, to pharmaceutical firms. According to a study done in October 2003 by Boston University professors Alan Sager and Deborah Socolar, 61 percent of Medicare money spent on prescription drugs will become profit for drug companies. Drug-makers will receive $139 billion in increased profits over eight years, the study predicts. The Medicare prescription drug benefit starts in 2006.
http://newsfeedresearcher.com/data/articles_b16/lobbying-lobbyists-billion.html
Three law professors at the University of Kansas have completed a study suggesting that large U.S. corporations won billions of dollars in tax savings by lobbying Congress to change the tax code four years ago. They then looked at how much companies like IBM, Pfizer and Eli Lilly and Co. spent to lobby for the change and how much they saved. Their figures determined that 93 of the country's biggest firms got $62 billion in tax savings after spending only $283 million for lobbyists. In total, they said almost 500 companies saved close to $100 billion -- or an average 22,000 percent return on their lobbying investment. "Is this how you want policy enacted?" asked Bill Allison of the Sunlight Foundation, which monitors political spending and lobbying. [1] Companies that spent more than $1 million on tax lobbying did even better: a 24,300 percent return, the researchers found. For example: In its disclosure statements, drugmaker Eli Lilly & Co. acknowledged spending $8.52 million in 2003 and 2004 to lobby for the tax break. It reaped more than $2 billion in return. "It's a sign when a corporation's most profitable enterprise is lobbying," said Stephen Mazza, a law professor at the University of Kansas and coauthor of the study with colleagues Raquel Meyer Alexander and Susan Scholz. That return sounds huge, but actually nobody knows if it's the norm or not because it's usually impossible to estimate the direct benefit of lobbying, Mr. Mazza said.[2]
http://www.huffingtonpost.com/dave-johnson/stop-corporate-lobbying-w_b_177125.html
Why are recipients of the Troubled Assets Relief Program (TARP) - better known as the Banking Bailout - allowed to continue to lobby? Taxpayer dollars should not be used to influence our government. We, the People should be telling them what to do, not the other way around.
TARP recipients spent $114 million on lobbying last year as the financial crisis emerged. In just the last quarter of the year eighteen bailout recipients spent $14.8 million to influence the government, as the TARP funds were distributed.
The lobbying has paid off. According to the Center for Responsive Politics, "The companies' political activities have, in part, yielded them $295.2 billion from TARP, an extraordinary return of 258,449 percent."
TARP recipients are currently lobbying against compensation caps at companies receiving TARP, against increasing bank regulation - and even against increased oversight of the use of TARP funds in the TARP Reform and Accountability Act! They are also lobbying against the Arbitration Fairness Act, the Fairness in Nursing Home Arbitration Act, the Mortgage Reform and Anti-Predatory Lending Act and the Helping Families Save Their Homes in Bankruptcy Act, Credit Card Holders Bill of Rights and the Stop Unfair Practices in Credit Cards Act!
But these companies are not just lobbying in favor of their own(ers) interests; they are lobbying against those of the rest of us. Recently it has come to light that Bank of America, Citigroup and other TARP recipients are organizing efforts to oppose the Employee Free Choice Act - federal legislation that would enable workers to organize unions, which results in increased income and benefits for working people, thereby enabling them to make their credit card and mortgage payments.
Hey I know....lets hire a really eloquent servant who will join ranks with this fortress of thieves and pretty talk to us from his newly acquired station.....then lets support them but rumble that they give us some change.
"lets hire a really eloquent servant who will join ranks with this fortress of thieves and pretty talk to us from his newly acquired station."
Would you have said the same thing if Obama did not have African ancestry?
Do you really think that this kind of argument will help your cause?
I believe you misjudge the thrust of that post. Elected officials are, after all, public SERVANTS.
Red Rick, rfloh does not misjudge the thrust of Leea's post. Leea has expressed blatant racism more than once on this thread. Whoever Leea is needs to be called on it.
Jennifer Bedingfield either agrees with the racism or lacks the acuity to see it. I am disappointed that so few have made any objection to it. Not a good record for a supposedly progressive site.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
"Jennifer Bedingfield either agrees with the racism or lacks the acuity to see it."
First of all, I'm color blind and I don't judge people by the color of their skin. Second, I'm looking at the overall picture while you are selectively misjudging the post. See my reply to your reply to Leea.
"Not a good record for a supposedly progressive site."
Who are you to judge what's a progressive site when you yourself lost your progressive spirit and decided to let Obama play you for a sucker? If you want to call me a "racist" for voting for Nader, FINE ! I've put up with that insult from my friends and coworkers so I can take another hit. You're the one who's lost your understanding of the meaning of progressive.
Your words are insulting and I'm wondering how in the world you can twist my words into calling you a racist for voting for Nader (who I worked to elect twice).
I have not deluded myself about Obama. I was fully aware of his strengths and weaknesses before I voted for him. I knew he wasn't going to lead a charge to save us, that would be up to us. It still is.
It's convenient to hide behind colorblindness when others make racist comments. I will never stay silent when others make unacceptable comments. And I still question your collusion with Leea's statements. More so considering your overreaction.
When the people fear their government there is tyranny,
when the government fears the people there is liberty.
~ Thomas Jefferson
"Your words are insulting and I'm wondering how in the world you can twist my words into calling you a racist for voting for Nader (who I worked to elect twice)."
First of all, nobody's twisting your words. You are the one who is making all the wrong assumptions and jumping to the wrong conclusions. I've met people who've acted like you so I'm not surprised. I'm sorry you lost your identity and got pixy dusted.
"I was fully aware of his strengths and weaknesses before I voted for him. I knew he wasn't going to lead a charge to save us, that would be up to us. It still is."
And so you decided to shoot your foot out and vote status quo ? Well, whoopdee doo. I don't know whether to laugh or cry. However, if we're supposed to do his dirty work, then why should we pay taxes?
"It's convenient to hide behind colorblindness when others make racist comments. ... More so considering your overreaction."
You're the one who wrongly brought up the issue of race when it was uncalled for. Leea did not make any racist comments and judging by what she wrote, she was in no way a racist. The term "black house" has different meanings. You didn't even read the entire post to begin with. You don't even know what it means to be colorblind do you? I don't go judging people by he color of their skin but by their actual work. If Obama does a great job, then he's got my support. If he doesn't, he won't have it. It's as simple as that. Right now, we're in the middle of a dark hell that's been brought about for 28-50 years and all you can do is jack up the race card because you can't refute the facts, eh? What's wrong with you?