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Monday, January 28, 2013

Three Strategies to Block the Gerrymandering of the Electoral College | The Nation

Three Strategies to Block the Gerrymandering of the Electoral College | The Nation

Why Senator Bernie Sanders Voted No on So Called Filibuster Reform

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Last week Senator Bernie Sanders, an independent member of the Democratic caucus, was the only member of that caucus to vote NO on the so-called filibuster reform package passed in the U.S. Senate.

Below is Bernie’s statement on why he voted NO.

Thank you for your interest.

-Ben

Ben Eisenberg
Friends of Bernie Sanders
January 24, 2013
U.S. Senator Bernie Sanders (I-VT)


This country faces major crises in terms of the economy and unemployment, the deficit, global warming, health care, campaign finance reform, education and a crumbling infrastructure – to name a few. In my view, none of these problems will be effectively addressed so long as one senator can demand 60 votes to pass legislation. The rule changes adopted today are a step forward in making the operations of the Senate more efficient and expeditious. They are not enough.

Most Americans grew up believing that in America the majority rules. That is not the case in the Senate. For many years now, especially since President Obama has been in office, it has taken 60 votes to pass any significant piece of legislation. When Lyndon Johnson was majority leader in the 1950s, he filed cloture to end a filibuster only once. Majority Leader Reid has filed cloture 390 times.

The Senate is not the House and the minority party must be treated with respect and given the opportunity to offer amendments and make their case in opposition. A minority must not, however, be allowed to permanently obstruct the wishes of the majority. That is not democracy. That is a perversion of democracy.

In my view, if a senator or a group of senators are strenuously opposed to legislation they have the right and duty to come to the floor and, for as long as they want, engage in a talking filibuster by explaining to the American people the reasons for their objection. They should not, however, continue to have the right to abuse arcane Senate rules to block a majority of senators from acting on behalf of the American people.

Sunday, January 27, 2013

Did Louisiana's Gov Bobby Jindal Really "Speak Truth to Power"?!

        On the news for the last few days, there has been much talk about Bobby Jindal’s opinion of what the republican party should do about it’s shrinking membership. He said they should say something different. Niether the party nor Jindal still really gets the picture. The people have caught on to the lies the republican party has told with straight faces all these past thirty years and now have finally caught on that their word don’t amount a hill of beans. They have been double dealing to their own constituents all of this time, claiming to be on the side of the people while favoring corporations at the expense of the citizenry, You can change the message, but if you don’t change the things you do, you haven’t done nothing. And that is essentially what Bobby Jindal is saying; don’t change anything you’re doing, just change how you say it! This isn’t anything new. Republicans have been rebranding the party over and over all these years doing the same ole thing. That’s not my idea of speaking truth to power. That’s a cover for the republican party by the news media.

        They may be putting Gov. Jindal on a pedestal but that’s the last place he belongs. When he became governor, the state of Louisiana was swimming in money. As is always the case with republicans, he came in and gave away all of the money in tax breaks for the rich and corporations and now the state is in deficit. He brought his friends with him and almost instantly doubled their salaries. Now he is cutting the state’s budget so that needed state programs, like education and health services have become sorely lacking. Not only that. He has turned down federal money intended to help in healthcare of which the government will pay nearly 100 percent for the first two years. Tell me, what’s so great about that?! They came up with some shallow excuse about future costs. You can say what you want, but unless the state will have to pay more than 60% of it’s own healthcare in the future there is no good excuse for that kind of stupidity!

        He said that the GOP must not become the “austerity party”. Yet, while his lips say this, there is no better evidence of his hypocrisy than looking the austerity policies he has been stridently putting in place during his governmental regime in Louisiana. And that is how republican politicians play the game; proclaim one thing while doing the exact opposite.

        Even now, he is trying a tax swap that will put even more burden on 80% of the citizens of the state by eliminating corporate taxes and income taxes and adding $1 per package of cigarettes and adding 4cents to state taxes. And all the time he has already given corporations $4 billion a year in tax exemptions.

        And last, but surely not least, in a state that is over thirty percent black. Gov Jindal has displayed absolute disdain, disrespect and disregard for people of color, even though he, himself is a person of color.

       The media can acclaim Gov. Jindal as the next coming of Messiah if they want to, but you can be sure that the social media will be there to set the record straight. This is no longer the FOX only news era. There are other, more reliable news sources now, The truth will come out, and I don’t mean Bobby Jindal’s or the conservative’s truth, I mean the REAL TRUTH!

Bobby Jindal's Policies No More Reasonable Than Tea Parties'

Louisiana Progress
In a 25-minute-long speech billed as a "rebuttal" to President Obama's inaugural address, Governor Bobby Jindal unleashed his plan to rebrand the GOP. While Jindal’s plan to reshape the GOP embraces“competing for every single vote” and “rejecting identity politics”,We think it’s critical to see the distinction between Jindal’s national rhetoric and his performance as Louisiana’s governor.
Across the country, pundits have embraced Jindal for his enthusiasm to “speak truth to GOP power.” The New York Times praised Jindal’s speech for recognizing “the urgent need to make the party more welcoming to a broader cross-section of Americans, particularly women, Hispanics and blacks.” Politico called it “a version of Ronald Reagan’s ‘New Federalism’ on steroids.” CNN jumped on the Jindal bandwagon by stating Jindal “further positioned himself as a forward-looking voice among the Republicans thought to have their eye on a White House bid in 2016.” However, the national praise that Jindal received does not match the reality of the disastrous effect his policies have taken on Louisiana’s families.
In his speech to the national Republicans, Jindal mocked the budget-cutting focus of the GOP. “By obsessing with zeroes on the budget spreadsheet, we send a not-so-subtle signal that the focus of our country is on the phony economy of Washington, instead of the real economy out here in Charlotte, and Shreveport (La.), and Cheyenne (Wyo.).” Yet, when you truly look at his actions, Jindal only mocks himself given his unrelenting focus on budget cuts in Louisiana.
He stated, “We must not become the party of austerity.” Meanwhile back home in Louisiana, his efforts of austerity are eliminating services for the mentally ill, cutting services for disabled children and only creating a panic in families in need of help.
One day before his big speech, Jindal was forced to reverse himself on what is one of his ugliest policy decisions: cutting Medicaid funding for hospice care. This reversal is not due to the outrage from the people of Louisiana but due to negative spotlight he received on the national level.
Yet as Jindal stated, “we as Republicans have to accept that government number crunching – even conservative number crunching – is not the answer to our nation’s problems,” other cruel budget cuts in Louisiana are set to stand – cuts to battered women’s shelter programs, to higher education, preschool programs, anti-truancy efforts and a range of other efforts to make life better for working people. Governor Jindal has demonstrated a complete disregard to access to health care by dismantling public hospitals with no plan for care for the uninsured, rejecting the expansion of Medicaid and healthcare exchanges and denying 400,000 Louisianans the ability to access quality health care through the Affordable Care Act.
In his latest effort to grab national headlines, Jindal wants to swap the state’s income and corporate tax with a more regressive sales tax. In 2011, Governor Jindal vetoed a 4 cent tax renewal on cigarettes and now in 2013 he wants to eliminate income taxes and raise the cigarette tax by a $1 and add 4 cents on sales taxes. This“tax swap” will dramatically raise taxes for 80% of Louisianans-- the people who work for a living or are retired on a fixed income trying to maintain some quality to their lives. Meanwhile, Governor Jindal has sponsored corporate tax exemptions of over $4 billion to support big corporations.
Jindal thinks he can help his party. How do you ask? “The first step in getting the voters to like you is to demonstrate that you like them,” that’s about it. He rejects “identity politics.”
Back in the real world, Jindal is the Governor of one of the poorest states in the country where more than 32% of the population are African American. In Louisiana, Governor Jindal has made no effort to work with African American leaders, ministers or even legislators. His personal disdain and disrespect for leaders in his own state is very real. How hypocritical is it to now want to like other ethnic groups. He is only offering the GOP a novel, post-racial approach to equal opportunity- say one thing and do another.
Oh, and then there was this: “We’ve got to stop being the stupid party. I’m serious; it’s time for a new Republican Party that talks like adults.” This is far from his recent actions of demonizing teachers and state employees, while pushing through policies that would teach Louisiana’s youth that at one point in history humans relied on dinosaurs for transportation. Bobby Jindal is the Governor that supports creationism, disdains history and mocks educational leaders.
Clearly, Jindal is going to get credit for the slightest affirmation of the growing diversity of the United States, even if his actions back home don’t match the actions he is touting around the country. The acclaim for Jindal’s speech is an example of bigotry by the mainstream media: “the soft bigotry of low expectations,” to use one of George W. Bush’s good lines.Rather than focusing on his image to the national media, the Governor should put his presidential aspirations aside and focus on the problems citizens face every day in Louisiana.

Ryan West
Interim Executive Director

Melissa S. Flournoy Ph.,D.
Board Chair

Wednesday, January 23, 2013

Is the US, Like the 1930's Germany and italy, on the Verge of Becoming a Fascist Society

No, Actually, This Is What a Fascist Looks Like

Mainstream Media Carrying Water for Corporations to Cut Social Programs for Poor and Elderly

Mainstream Media Taking Aim at the Elderly

Big Oil and Gas Corporations Attack Matt Damon Fracking Film,'Promised Land' | The Nation

Big Oil and Gas Back Attacks on 'Promised Land' | The Nation

MLK's Vehement Condemnations of US Militarism Overlooked in His Legacy

MLK's vehement condemnations of US militarism are more relevant than ever | Glenn Greenwald | Comment is free | guardian.co.uk

Japan's Economic Stimulus Seems to be Having Better Results Than Europe's Austerity

The Curious Case of Japan's Economic Stimulus

Corporate Criminals That Can't Be Touched? Wall Street Executives, Despite Evidence Many Likely Criminally Violated Sarbanes-Oxley Act

The New Untouchables Are Wall Street Executives, Despite Evidence Many Likely Criminally Violated Sarbanes-Oxley Act

Governor Bobby Jindal; Louisiana's Tuition Hike King of America

 Governor Bobby Jindal; Louisiana's Tuition-Hike-King-of-America-.html?soid=1102448202033&aid=HD-ixfabqmM

Ohio Lawmakers Banned Fracking After Confirming Link to Earthquakes | NationofChange

Ohio Lawmakers Banned Fracking After Confirming Link to Earthquakes | NationofChange

A Disgraceful Picture of the US's Adventure into Vietnam? | NationofChange

Thursday, January 17, 2013

Just What's Wrong With President Obama's Justice Department? Take a Look!

Want to Know How Louisiana Got into the Fiscal Crisis We're In? Read This!

Louisiana Progress
Louisiana’s Self Inflicted Fiscal Crisis: WHIPLASH!
Fiscal Reform REDUX:
Sales Taxes instead of a flatter fairer income tax

In Louisiana, Fiscal Reform meant reducing sales tax and increasing income tax. Now, Governor Jindal wants to eliminate the personal and corporate income tax and increase the sales taxes. What is really going on?
What is motivating Governor Jindal to promote a radical change in course? Governor Jindal wants Louisiana to be like Texas with no income tax, but he is not willing to address property taxes and wants to raise sales taxes to fund state government.

What Is The Stelly Plan?Background on the last fiscal reform efforts the 2003 Stelly Plan
Before 2003, the only thing predictable about Louisiana’s fiscal outlook was the annual budget “crisis” brought on by steadily rising costs and stagnant revenues. The causes of the yearly crises were easily understood but not so easily addressed: an over-dependence on mineral royalties, which declined precipitously after 1985; an equally heavy dependence on regressive sales taxes, some of which were renewed annually or biennially; and an income tax scheme that let many taxpayers off easy. Then, in late 2002, citizens statewide adopted the Stelly Plan, named for its architect, former state Rep. Vic Stelly of Lake Charles. Essentially, the Stelly Plan “swapped” higher income taxes for regressive sales taxes on groceries and residential utilities. The higher income taxes were actually an adjustment in the tax brackets. Under Stelly, individual income between $25,000 and $50,000 a year was taxed at 6 percent instead of 4 percent. The plan was designed to be revenue neutral at first and then increase state revenues in subsequent years as personal incomes rose.The Stelly Plan worked exactly as planned.

The Public Affairs Research Council Tax Advisory Panel includes many of the architects of the Stelly Plan. The recent PAR report identifies some concern about the sales tax strategy.

Thanks to the Stelly Plan, since 2003 Louisiana had a balanced tax system that relies more or less equally on income taxes, severance taxes and sales taxes. Louisiana levies no state property tax. Starting in 2006, massive infusions of cash from insurance settlements, federal hurricane relief and a sudden rise in oil prices swelled state coffers with higher-than-expected sales and income tax receipts.

When Governor Jindal was elected in 2007, Louisiana faced with huge surpluses for the first time in decades and lawmakers could not resist the idea of rolling back the Stelly Plan. In 2008, lawmakers started dismantling the Stelly Plan, which led to a reduction of revenue for the state..
Pending SALES TAX DISASTER in 2013
In 2011, Governor Jindal would not even consider a $.04 sales tax on cigarettes to protect recent health care cuts. The proposal was vetoed and had to be added to a constitutional amendment to get passed. Now, Governor Jindal wants to add a $1.00 tax to every pack of cigarettes.WHIPLASH!
Now, Governor Jindal wants to be like Texas and eliminate the state income tax. Jindal thinks that businesses will move here if the income tax and corporate tax are eliminated. Governor Jindal’s proposed a plan to end all corporate and income taxes, in order to drive economic “investment”and Louisiana would make up that revenue with higher state sales taxes.
Even political commentator John Maginnis is bemused by the Jindal strategy.

“In the past month, cascading mid-year budget cuts have reduced or eliminated programs to aid emotionally troubled youth, battered women and the dying. At least, he did not add insult to injury by exhorting care-givers to do more with less.

For as much as his sweeping tax overhaul plan quickly dominated public discussion, the immediate challenge facing state government is dealing with possibly more deficits in the current fiscal year and then addressing the projected $1.2 billion shortfall in the year to come. Who wouldn’t want to talk about something else, something cheery, like tax cuts?”

Louisiana’s Self Inflicted Fiscal Cliff
Louisiana is facing a $1.2 million gap in the budget and now the Governor wants to eliminate almost $3 billion in taxes.

Last year Louisiana collected $2.9 billion through the individual and corporate income taxes and another $2.6 billion through the general sales tax. Maintaining current revenues with Jindal’s plan would require that sales tax revenues more than double, which means that, absent a significant broadening of the tax base, the tax rate would also have to rise substantially. For working people who pay fewer income taxes-the sales tax increase is huge and amounts to close to a 4 percentage point drop in after-tax income.
Who wants to pay 15% sales taxes? Are you kidding me?
The Tax Policy Center, which found that if Louisiana wanted to maintain its current revenues without income and corporate taxes, it would have to double its sales taxes.

The 2.7 % of people in Louisiana who make more than $250,000 might love the idea of no income tax. But an increase in sales tax would be a huge burden on families already working hard to make ends meet.
Furthermore, according to analysis by the Institute on Taxation and Economic Policy, Jindal’s plan will raise taxes on the bottom 80 percent of Louisianans, while cutting them for the richest 1 percent:
  • 80% of Louisianans would see a tax increase from repealing the personal and corporate income taxes and replacing them with a higher sales tax.
  • The poorest 20% of taxpayers, those with an average income of $12,000, would see an average tax increase of $395 if no low income tax relief mechanism is offered.
  • The middle 20%, those with an average income of $43,000, would see an average tax increase of $534.
  • The largest beneficiaries of the tax proposal would be the top 1 percent—a group with an average income of well over $1 million. Louisianans in the top 1 percent would see an average tax cut of $25,423.

What is the impact of increased sales taxes on consumption, tourists, retailers, restaurants, hotels, and real people? If you are retired and living on a fixed income, how can you pay more in sales taxes without affecting your standard of living.

The actual effect of Jindal’s tax plan will be to take money out of the hands of ordinary Louisiana citizens. For a state that’s already sixth from the bottom on inequality—and near the bottom on every indicator of social distress, from extreme poverty and homelessness, to infant mortality and unemployment—this is a disaster in the making.
The state already does not have enough money to adequately fund mental healthcare, K12 and higher education, hospitals and hospice care for the elderly. The safety net is shredded.

Alternatives: How can the state function without revenue?

Over the next several weeks more analysis will be conducted and organizations will weigh in on the implications of increasing sales taxes on car dealers, restaurants, tourists, and retailers. We will also need to determine what a 10% to 15% sales tax will mean at the local level for school boards, local governments, libraries and law enforcement. Will people pay sales taxes on all services?
If the income taxes are eliminated, how can the state continue to give away billions to business through tax incentives such as rebates and credits?

Wednesday, January 16, 2013

Eyes on Japan, $224 Billion Stimulus Package Hopes to Boost Economy | NationofChange

$224 Billion Stimulus Package Hopes to Boost Japan’s Economy | NationofChange

Aging US Coal Plants Hit the Chopping Block; Georgia Power Turning to Solar, Other Alternate Energy Sources

More Aging US Coal Plants Hit the Chopping Block

The New War for Afghanistan's Untapped Oil; the Real Reason for the War Emerges! The Atlantic

The New War for Afghanistan's Untapped Oil - Antonia Juhasz - The Atlantic

Will the Supreme Court Expand Voting Rights for Citizens or Help GOP Limit Them?

Wall Street Behind "Fix the Debt" Solution, Not Good For the Rest of Us! | NationofChange

Does Hugo Chavez Really Hate Us? He Offered US Free Oil During Bush Administration Oil Supply Shortage!

The Inconvenient Truth About Jack Lew (Treasury Secretary Nominee)| NationofChange

The Inconvenient Truth About Jack Lew | NationofChange

Government Report Spreads Questionable Claim About Iran; Propaganda? | NationofChange

Matt Taibbi & William Black on Bailout Secrets & How New Foreclosure Deal Spares Banks from Justice | NationofChange

Matt Taibbi & William Black on Bailout Secrets & How New Foreclosure Deal Spares Banks from Justice | NationofChange

Two New Fraud Deals Show Wall Street’s Washington Insiders at Work | NationofChange

Two New Fraud Deals Show Wall Street’s Washington Insiders at Work | NationofChange

The Five-Step Process to Cheat the Middle Class Worker | NationofChange

The Five-Step Process to Cheat the Middle Class Worker | NationofChange

President Obama's Disappointing Choice; Treasury Nominee Jack Lew's Pro-Bank, Austerity, Deregulation Legacy

Treasury Nominee Jack Lew's Pro-Bank, Austerity, Deregulation Legacy

Republican Congress: Cut the Crap About Capitalism (And Stop Pretending You Care About Us) | NationofChange

Memo to Congress: Cut the Crap About Capitalism (And Stop Pretending You Represent Us) | NationofChange

Our Deficit Debate’s “Sick Secret” is Killing Us, Literally | NationofChange

Our Deficit Debate’s “Sick Secret” is Killing Us, Literally | NationofChange

War Addiction Default: America’s Political Dysfunction at Root is an Unwillingness to Cut War Spending | NationofChange

War Addiction Default: America’s Political Dysfunction at Root is an Unwillingness to Cut War Spending | NationofChange

Controversial Dark Money Group Among Five That Told IRS They Would Stay Out of Politics, Then Didn’t | NationofChange

Controversial Dark Money Group Among Five That Told IRS They Would Stay Out of Politics, Then Didn’t | NationofChange

Double Standard on Campaign Money Laundering | NationofChange

Double Standard on Campaign Money Laundering | NationofChange

Wednesday, January 9, 2013

TARP is Over, But the Bailouts Will Continue Until Washington Breaks Up the Big Banks | NationofChange

TARP is Over, But the Bailouts Will Continue Until the Big Banks are Broken Up; And Washington Knows It | NationofChange

The Soul of America

The Soul of America
By Senator Bernie Sanders
January 9, 2013
Despite such terminology as "fiscal cliff" and "debt ceiling," the great debate taking place in Washington now has relatively little to do with financial issues. It is all about ideology. It is all about economic winners and losers in American society. It is all about the power of Big Money. It is all about the soul of America.

In America today, we have the most unequal distribution of wealth and income of any major country on earth, and more inequality than at any time period since 1928. The top 1 percent owns 42 percent of the financial wealth of the nation, while, incredibly, the bottom 60 percent own only 2.3 percent. One family, the Walton family of Wal-Mart, owns more wealth than the bottom 40 percent of Americans. In terms of income distribution in 2010, the last study done on this issue, the top 1 percent earned 93 percent of all new income while the bottom 99 percent shared the remaining 7 percent.

Despite the reality that the rich are becoming much richer while the middle class collapses and the number of Americans living in poverty is at an all-time high, the Republicans and their billionaire backers want more, more, and more. The class warfare continues.

My Republican colleagues say that the deficits are a spending problem, not a revenue problem. What these deficit-hawk hypocrites won't talk about is their spending. They won't discuss what they did to dig the country into this $1 trillion deep deficit hole. They waged wars in Afghanistan and Iraq without paying for them. They gave away huge tax breaks for the rich. They squandered taxpayer dollars on the pharmaceutical industry by making it illegal to let Medicare bargain for lower drug prices. They also rescinded financial regulations that enabled Wall Street to operate like a gambling casino, leading to a severe recession that eroded tax revenue and left more than 14 percent of American workers unemployed or underemployed.

Now, despite the deficits their policies helped to create and despite the enormous suffering which exists in our society, the Republicans want to cut Social Security, veterans' programs, Medicare, Medicaid, education, nutrition programs, and virtually every program which benefits low- and moderate-income Americans. They choose to turn their backs on the economic reality facing a significant part of our population: high unemployment, reduced wages, 50 million without health insurance, college graduates saddled with enormous student debt and elderly people living in desperation. And they have tried to slam the door on any further discussion about how to raise revenue by ending tax loopholes and unfair tax breaks.

Republicans like Senator Minority Leader Mitch McConnell who say the revenue debate is over don't want you to consider these facts:
  • Federal revenue today, at 15.8 percent of GDP, is lower today than it was 60 years ago. During the last year of the Clinton administration, when we had a significant federal surplus, federal revenue was 20.6 percent of GDP.
  • Today corporate profits are at an all-time high, while corporate income tax revenue as a percentage of GDP is near a record low.
  • In 2011, corporate revenue as a percentage of GDP was just 1.2 percent -- lower than any other major country in the Organization for Economic Cooperation and Development, including Britain, Germany, France, Japan, Canada, Norway, Australia, South Korea, Switzerland, Norway, Italy, Ireland, Poland, and Iceland.
  • In 2011, corporations paid just 12 percent of their profits in taxes, the lowest since 1972.
  • In 2005, one out of four large corporations paid no income taxes at all while they collected $1.1 trillion in revenue over that one-year period.
We know where the Republicans are coming from. What about the Democrats? Will President Obama fulfill his campaign pledge to "protect the middle class" or will he surrender to right-wing blackmail? Will Democrats in the House and Senate stand with the vast majority of our citizens and such organizations as AARP, the National Committee to Preserve Social Security and Medicare, the AFL-CIO, the American Legion, the Veterans of Foreign Wars and every other veterans' organization in the fight against cuts to Social Security and veterans' programs, or will they agree to a disastrous corporate-backed "chained CPI" concept which makes major benefit cuts to those programs and raises taxes on low-income workers?

The simple truth is there are relatively easy ways to deal with the deficit crisis -- without attacking the elderly, the children the sick or the poor.

For example, we have got to eliminate loopholes in the tax code that allow large corporations and the wealthy to avoid more than $100 billion in taxes every year by setting up offshore tax shelters in places like the Cayman Islands, Bermuda and the Bahamas. This situation has become so absurd that one five-story office building in the Cayman Islands is now the "home" to more than 18,000 corporations.

Further, we must also end tax breaks for companies shipping American jobs overseas. Today, the United State government continues to reward companies that move American manufacturing jobs abroad, despite the fact that millions of American jobs have been outsourced to China, Mexico, and other low wage countries over the past decade. The Joint Committee on Taxation (the official revenue scorekeeper in Congress) has estimated that we could raise more than $582 billion in revenue over the next decade by eliminating these offshore tax loopholes.

We must also recognize that Wall Street recklessness caused the economic crisis, and it has a responsibility to reduce the deficit. Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.

We are entering a pivotal moment in the modern history of our country. Do the elected officials in Washington stand with ordinary Americans -- working families, children, the elderly, the poor -- or will the extraordinary power of billionaire campaign contributors and Big Money prevail? The American people, by the millions, must send Congress the answer to that question.

This Is the Defense Spending For ONLY ONE Year!

Seriously fishy. (Thanks to @[177486166274:274:Being Liberal]!)

Could the Corporate Picture Be Clearer?!

Point made.

Goldman Sachs' CEO's Lies, Another Reason to Break Up Wall St. Banks

Secret Goldman Sachs Unit Defied CEO's Claims About Proprietary Trading: Report

Tuesday, January 8, 2013

After Bailout , AIG Sues Federal Government. That's Gratitude!


Elizabeth Warren for Massachusetts


AIG made reckless bets that nearly crashed our entire economy.

Beginning in 2008, the government poured billions of your taxpayer dollars into the insurance giant to save it from bankruptcy after it gambled on mortgage-backed securities. And the bailout worked -- earlier this year, AIG reported making billions in profit.

But AIG has a funny way of showing its gratitude. This morning, reports indicated that AIG is considering joining a lawsuit against the federal government because the terms of the bailout weren't generous enough. Can you believe it?

AIG should thank American taxpayers for their help -- not bite the hand that fed them.

The story gets even worse: The government is still bailing out AIG. Right now this profitable insurance giant is getting special tax breaks to give it an advantage and boost its bottom line.

Today, I'm renewing my call for an end to AIG's special tax status to avoid paying taxes -- and I want you to join me. Enough is enough.

Every time AIG files its taxes without paying a dime, it receives another payment in an ongoing, stealth bailout. Those special tax giveaways give AIG a competitive advantage over its competitors -- all while inflating AIG's profit numbers and compensation for its executives.

Washington shouldn't keep giving special breaks to giant corporations while hard-working middle class families get stuck paying the bill -- especially corporations that sucked up billions of dollars in bailouts after nearly crashing our economy.

Join the call for ending AIG's ongoing bailout and special tax status. They've received enough of our help.

Everyone should have to play by the same rules and pay their fair share -- even giant insurance companies. That's what I believed when I was chair of the Congressional Oversight Panel with oversight on the bank bailout, and that's what I still believe now.

Friday, January 4, 2013

"Fix the Debt" coalition Might Be Good for Wall St. but it Ain't No Bargain For "We the People"

Pentagon Developing Drones That Will Kill Without Human Input; Judgment Day, the Beginning!

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Is killing OK if robots do it?



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U.S. drone strikes in Pakistan alone have topped 300. Other nations now able to use drones have topped 75. The U.S. military is working rapidly to develop drones that will kill without input from any human. U.S. domestic agencies are deploying armed drones.

It is time we banned weaponized drones from the world.

Please forward this to anyone who might agree!


President Obama sought to create "rules" for killing people with drones in case Mitt Romney became president. But we have a legislature, a body of laws, a Constitution, and treaty obligations.

Execution by drone is not legal and must be ended.


A Congressional resolution of inquiry and lawsuits by the ACLU and New York Times have sought to discover Obama's secret "legal" reasoning. In a recent interview, Pentagon counsel Jeh Johnson said that being at war justifies killing with drones, even in nations the United States is not at war with, and even the killing of civilians and U.S. citizens. Meanwhile, Department of State counsel Harold Koh has told Congress that the Constitution and the War Powers Act don't apply to actions lacking U.S. ground forces because those are neither wars nor hostilities.

So, is it war or isn't it? Either way, it is clearly illegal, immoral, and already creating blowback.

Attorney General Eric Holder has claimed that a person can be executed by drone without being deprived of due process. Jeh Johnson dismisses that idea, relying instead on his claim that war changes what's legal. In the absence of control by the people, a government will make up excuses for whatever it wants to do.

Please sign the petition to ban militarized drones now, before we deliver it to government officials.

Please forward this email widely to like-minded friends.

-- The RootsAction.org team

P.S. Our small staff is supported by contributions from people like you; your donations are greatly appreciated.

P.P.S. RootsAction is an independent online force endorsed by Jim Hightower, Barbara Ehrenreich, Cornel West, Daniel Ellsberg, Glenn Greenwald, Naomi Klein, Bill Fletcher Jr., Laura Flanders, former U.S. Senator James Abourezk, Coleen Rowley, and many others.

Background:
Bureau of Investigative Journalism: October 2012 update: US covert actions in Pakistan, Yemen and Somalia
Bureau of Investigative Journalism: U.S. Secret Wars in Pakistan, Yemen, and Somalia
Washington Post: U.S. Drone Targets in Yemen Raise Questions
New York Times: Secret 'Kill List' Proves a Test of Obama’s Principles and Will
Organizations Supporting This Petition (partial and growing list):
Antiwar.com
Arlington Green Party

Where Government Savings Should Be Come From , Not Social Programs

We can save 100s of billions by:
  • Reducing budget for U.S. overseas military bases by 20%: $200 billion
  • Ending the war in Afghanistan Now: $83 billion in 2013
  • Cut unnecessary and wasteful Pentagon spending: $100 billion a year
  • Allow the government to negotiate with drug companies to obtain lower rates for Medicare prescriptions: $220 billion
  • Eliminate Corporate Tax Loopholes: $1.24 trillion over 10 years
  • Create a financial transaction tax for high-volume Wall Street Trading: $1.8 trillion over 10 years
It is unacceptable to reduce spending on the backs of hard working Americans, the elderly, veterans, the poor, children and disabled when we clearly have other options that are far more ethical.

We thank you for your continued support in the ongoing struggle for a more peaceful and just world!



Thursday, January 3, 2013

Does Harry Reid Really Want To Stop Republican Filibusters? It Doesn't Look Like IT! Filibuster| TPMDC

Why Filibuster Reform Is In Jeopardy | TPMDC

Want To Be Educated on the Senate Filibuster? Peep This!

Tough Questions for Secretary of State Nominee | The Nation

Tough Questions for John Kerry | The Nation

The Neo-Con's Destabilization of Iraq

Dennis Kucinich; A Great Progressive Departs Congress | The Nation

Congress Will Be Diminished by the Departure of Dennis Kucinch | The Nation

It Seems Like In Two Months, the House Tea Party GOP Is Going to Take Obama to the Austerity Cleaners

In Two Months, the House Tea Party GOP Is Going to Take Obama to the Austerity Cleaners

The Chance for Filibuster Reform and to Stop Repub Obstructionism in the Senate

The Battle for 2014 Begins on Day One in the Senate

Jerry Tucker: The Man Who Saved Organized Labor | The New Republic#

Jerry Tucker: The Man Who Could Have Saved Organized Labor | The New Republic#

Corporate Subsidies in the Fiscal Bill That Dems and Repubs Should Be Screaming About!

Eight Corporate Subsidies in the Fiscal Cliff Bill, From Goldman Sachs to Disney to NASCAR