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Saturday, July 9, 2011

The Beltway (America) Begins to Wake Up to GOP Extremism

           It’s annoying that David Brooks begins his column with effusive praise for the prospective Congressional debt deal, which massively cuts spending while providing token revenues. Thankfully, that’s only prelude to a devastating attack on today’s Republican Party:
But to members of this movement, tax levels are everything. Members of this tendency have taken a small piece of economic policy and turned it into a sacred fixation. They are willing to cut education and research to preserve tax expenditures. Manufacturing employment is cratering even as output rises, but members of this movement somehow believe such problems can be addressed so long as they continue to worship their idol. […]
If the debt ceiling talks fail, independents voters will see that Democrats were willing to compromise but Republicans were not. If responsible Republicans don’t take control, independents will conclude that Republican fanaticism caused this default. They will conclude that Republicans are not fit to govern. And they will be right.
There are two extremely frustrating things about today’s media environment as it relates to the Republican Party. The first, as the Washington Monthly’s Steve Benen described over the weekend, is the extent to which the media have simply forgotten the previous decade of GOP rule. For at least four years, Republicans governed with few obstacles to their agenda, securing tax cuts, wars, unfunded new entitlements and continued deregulation. The results were trillions of dollars in wasted spending, trillions more in lost revenue, deep dysfunction on nearly every level of government and an economic crisis of nearly world-historical proportions. Despite this, media elites continue to treat the Republican Party—and the architects of its disastrous party—as credible voices on public policy, as if 2001 to 2008 never happened.
The other is the extent to which media outlets treat current Republican behavior as politics-as-usual, despite the extraordinary nature of their actions. Simply put, this is the first time in American history that a political party has threatened to default on the nation’s debt and sabotage the global economy on the basis of narrow ideological goals. With that said, it’s refreshing to see Brooks—who is close to the apotheosis of a Beltway pundit—finger the GOP for its extremism and economic brinksmanship, rather than treating the whole affair like a particularly interesting game of polo

Friday, July 8, 2011

Unrealistic Republican Politicians

Op-Ed Columnist

The Mother of All No-Brainers


The Republicans have changed (controlled) American politics since they took control of the House of Representatives. They have put spending restraint and debt reduction at the top of the national agenda. They have sparked a discussion on entitlement reform. They have turned a bill to raise the debt limit into an opportunity to put the U.S. on a stable fiscal course (by taxing the working class more).
 Republican leaders have also proved to be effective negotiators. They have been tough and inflexible and forced the Democrats to come to them. The Democrats have agreed to tie budget cuts to the debt ceiling bill. They have agreed not to raise tax rates. They have agreed to a roughly 3-to-1 rate of spending cuts to revenue increases, an astonishing concession.
Moreover, many important Democrats are open to a truly large budget deal. President Obama has a strong incentive to reach a deal so he can campaign in 2012 as a moderate. The Senate majority leader, Harry Reid, has talked about supporting a debt reduction measure of $3 trillion or even $4 trillion if the Republicans meet him part way. There are Democrats in the White House and elsewhere who would be willing to accept Medicare cuts if the Republicans would be willing to increase revenues.
If the Republican Party were a normal party, it would take advantage of this amazing moment. It is being offered the deal of the century: trillions of dollars in spending cuts in exchange for a few hundred billion dollars of revenue increases.
A normal Republican Party would seize the opportunity to put a long-term limit on the growth of government. It would seize the opportunity to put the country on a sound fiscal footing. It would seize the opportunity to do these things without putting any real crimp in economic growth.
The party is not being asked to raise marginal tax rates in a way that might pervert incentives. On the contrary, Republicans are merely being asked to close loopholes and eliminate tax expenditures that are themselves distortionary.
This, as I say, is the mother of all no-brainers.
But we can have no confidence that the Republicans will seize this opportunity. That’s because the Republican Party may no longer be a normal party. Over the past few years, it has been infected by a faction that is more of a psychological protest than a practical, governing alternative.
The members of this movement do not accept the logic of compromise, no matter how sweet the terms. If you ask them to raise taxes by an inch in order to cut government by a foot, they will say no. If you ask them to raise taxes by an inch to cut government by a yard, they will still say no.
The members of this movement do not accept the legitimacy of scholars and intellectual authorities. A thousand impartial experts may tell them that a default on the debt would have calamitous effects, far worse than raising tax revenues a bit. But the members of this movement refuse to believe it.
The members of this movement have no sense of moral decency. A nation makes a sacred pledge to pay the money back when it borrows money. But the members of this movement talk blandly of default and are willing to stain their nation’s honor.
The members of this movement have no economic theory worthy of the name. Economists have identified many factors that contribute to economic growth, ranging from the productivity of the work force to the share of private savings that is available for private investment. Tax levels matter, but they are far from the only or even the most important factor.
But to members of this movement, tax levels are everything. Members of this tendency have taken a small piece of economic policy and turned it into a sacred fixation. They are willing to cut education and research to preserve tax expenditures. Manufacturing employment is cratering even as output rises, but members of this movement somehow believe such problems can be addressed so long as they continue to worship their idol.
Over the past week, Democrats have stopped making concessions. They are coming to the conclusion that if the Republicans are fanatics then they better be fanatics, too.
The struggles of the next few weeks are about what sort of party the G.O.P. is — a normal conservative party or an odd protest movement that has separated itself from normal governance, the normal rules of evidence and the ancient habits of our nation.
If the debt ceiling talks fail, independents voters will see that Democrats were willing to compromise but Republicans were not. If responsible Republicans don’t take control, independents will conclude that Republican fanaticism caused this default. They will conclude that Republicans are not fit to govern.
And they will be right.

Thursday, July 7, 2011

Personal Insurance Mandate

       Have you heard the news that the Obama administration has won a victory in the sixth circuit court of appeals regarding the personal mandate to buy insurance. The sixth circuit ruled that it is constitutional to force us to buy insurance. Make no mistake about it, the SCOTUS will definitely follow suit. It may be a victory for the administration but it very well could turn into a horror for "we the people".Let me point out a couple of things. First of all it would only take for the republicans to gain control of the rest of congress and deregulate insurance like they have done everything else in the last two decades and what do you have? What you have is insurance corporations raking in record profits just like the oil companies and the pharmaceutical industry. It won't be long before they will be cherry picking who they will and who they will not cover. Here's a prime example of the political sleight of hand that happened with the last democratic president. President Clinton persuaded us that "free trade" would be the best thing that we could do for America. Mr. Ross Perot told us that if we did we would hear giant sucking sound as all of the jobs left America. You tell me what has happened! Well, the next sucking sound you hear will be the insurance companies sucking all the money out of your pockets. Why not? Every other corporation does. And don't be so naive as to believe that this is an improbable scenario. 
             I say that because even while President Obama had enjoyed the majority in the house and senate, in the past he caved in on just about every issue to the repubs. I'm afraid that he would surely capitulate on every issue once the repubs put pressure on him when they hold the majority. And then we have a supreme court that does not give a damn about "we the people". In every instance they have ruled in favor of corporations, bar none. They have become a political arm of the republican party. So when, not if, but when the insurance industry begins to cheat us out of health care, when the premiums begin to escalate to the point that we can no longer afford them, we'll be right back where we started. And don't look for relief from the appeals courts or the highest court in the land, the U. S. Supreme Court. They have turned their backs on the American people.  Wake up America!

Wednesday, July 6, 2011

The Corporatist Supreme Court


Thom Hartmann: The Story of the 5 Kings Who Rule America

by: Thom Hartmann, The Big Picture With Thom Hartmann | Video
America does not belong to Kings - she belongs to the people. It's time for Congress and our President to step up and put the Supreme Court back on equal footing with the rest of our branches of government. They need to pass a law ending Judicial Review - take that power away from the Supreme Court - and restore the vision that our founding fathers had of America - a nation where 5 unelected guys in black robes couldn't make or kill the laws of the land.

Tuesday, July 5, 2011

America Overruled by Corporations

The New War of Independence - Against Corporate Politics

by: Richard (RJ) Eskow, Campaign for America's Future | Op-Ed

(Photo: factoids)
This is the age of corporatized politics. That means we may admire our leaders, but we can't depend on them. We're paying the price for Thomas Jefferson's unfulfilled desire to "crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."
This July 4th, politics is too important to be left to the politicians. The stakes are too high and the system is too broken. Citizen action is everyone's job now, and it will be as long as our political debate focuses on misplaced austerity and ignores the majority's yearning for jobs, growth, and those things that government does best. 
But the problem isn't just with politicians, or even the system. The problem is dependence itself.
We call it "Independence Day." But the British didn't leave on July 4, 1776. The war lasted until September 3, 1783, when the Treaty of Paris was signed. July 4th is the day we declared ourselves independent. Victory came with the recognition that freedom is our natural condition. Our country wasn't born with violence, but with the realization that freedom is discovered and claimed, not granted by others. That's why we celebrate July 4, not September 3, as our Day of Independence.
That will disappoint the history-challenged right-wingers whose patriotic posturing is limited to speaking in their odd pseudo-military lingo, that echolalic Esperanto for fantasy revolutionaries. They don't realize that war is a tactic, not a system of values. And "independence"? Today's "Tea Party" wasn't named for the tea-dumping patriots of Boston, but for some self-entitled commodities traders shrieking "losers!" on cable television. They were sneering at struggling homeowners, mocking middle-class people like the Tea Partiers themselves. And they were enraged at the idea that ordinary families might be rescued the same way their own financier class had been rescued.
They won. Nobody’s rescued the middle class yet. Unlike them, the Founders believed in common purpose. They shared George Washington's goal of "protecting the rights of humane nature and establishing an Asylum for the poor and oppressed of all nations and religions." They understood what conservatives don't: There's a difference between declaring independence and telling people they're on their own.
When Sarah Palin tells her followers to "RELOAD!” she has no idea where to aim. When Michele Bachmann says she wants people to be "armed and dangerous," she doesn't understand who or what would be endangered. When John Stossel "jokes" about hanging Barney Frank in effigy, he's putting reason (and the tattered shreds of his own reputation) in the noose generals once used for hanging enemies - and patriots like Nathan Hale.
At least their mangling of Revolutionary War history gave us a great chuckle, when Keith Olbermann said Sarah Palin thought Paul Revere was "warning the British Invasion that kicks keep getting harder to find." Conservatives adopt the Revolution's pose and forget its principles. They're dress-up generals in a make-believe war, corporate servants who use the rhetoric of yesterday's revolution to serve today's Redcoats.
We fought for the principles of self-representation and economic freedom. Those principles are under attack again today. But there's no place for rhetorical violence (or any other kind) in today's debate. When corporations intimidate us with economic pressure and distorted information, the best responses are communication and mobilization.
We resisted Britain's state-sanctioned monopolies in 1776. Today's government-sanctioned corporations hang out on Wall Street, not by the chartered Thames. The spirit of the East India Company lives in the five banks which now control nearly 96% of the derivatives market in this country. Our financial oligarchs receive Treasury Department money, Federal Reserve giveaways, and get-out-of-jail-free cards for a corporate crime wave that would make Al Capone blush.
Some of our ancestors came to this country as slaves or indentured servants. The slaves were freed in body but their descendants' economic freedom is not yet fully won. Unemployment's much worse for African Americans. Infant mortality rates are 2.5 times higher than they are for whites and life expectancy is years shorter. Indentured servitude's making a comeback, too. In colonial days people signed away years of freedom for the "loan" of ship's passage to America, where they were sold to bidders for a period of bondage. If only Wall Street had existed then! Imagine the money Goldman Sachs could have made on selling "IBS's" - "indenture-backed securities."
And then shorting them, of course.
Today’s borrowers aren’t exactly indentured servants, but their contract terms can be unilaterally changed and their debts sold and resold without notice. Their homes may be foreclosed by unknown lenders for violating terms they didn't know existed. If they resist paying unfair penalties the full weight of the law will be brought down on them (but not the banks.) Bad credit may leave them unable to borrow money, rent a home, or even find a job.
These economic injustices and others will continue as long as wealthy contributors corrupt our political process. Many of us feel the President can and should do much more to rein in Wall Street, create jobs, and defend Medicare and Social Security. But any likely opponent would probably be far worse. Politicians in this post-Citizens United world are either limited by corporate power or prostituted to it..
So we must work around, as well as within, the electoral system. That means getting the truth out, speaking for the majority's viewpoint, and outlining the real choices we face. That's especially hard when almost everyone in Washington is pushing austerity over jobs and growth (no matter how many Nobel Prize-winning economists tell them they're wrong), and when media empires mislead us about our situation and its causes. So we must wage a war for the mind - a war against corporate think tanks and TV talking heads who tell us our problems arise from self-indulgence and those in need, not corporate malfeasance and runaway greed.
Politicians can help this war against media monopolies and for publicly-financed elections. But they can't lead it. This week some conservatives claimed John Lennon was a secret Ronald Reagan fan. Jon Weiner, the writer and historian who's authored two books on Lennon, effectively refuted them. Weiner points out that Lennon's last political statement was in support of union workers. But to truly dismiss their claim, all you need (besides love, of course) is this Lennon quote:
“You make your own dream ... If you want to save Peru, go save Peru ... Don't expect Jimmy Carter or Ronald Reagan or John Lennon or Yoko Ono or Bob Dylan or Jesus Christ to come and do it for you. You have to do it yourself."
Lennon was right, and if he were still around I suspect he'd add another Presidential name or two to that list.
We can vote for the best (or least objectionable) choices in the next election, but we can't surrender our fate to them. We'll need to keep pressuring them with calls, petitions, and other initiatives. In this corporatized system, we can't expect many leaders to heed Revolutionary pamphleteer (and ur-blogger) Thomas Paine, who said "Attempting to debate with a person who has abandoned reason is like giving medicine to the dead." Paine also made this timely observation: "Moderation in temper is always a virtue; but moderation in principle is always a vice."
Some of us have surrendered to despair. Chris Hedges, one of our most brilliant political writers, wrote recently: " When did our democracy die? When did it irrevocably transform itself into a lifeless farce ...?" But he's wrong. Democracy hasn't died here, not yet. Despite a half-century of corporate manipulation and mis

The New War of Independence - Against Corporate Politics

by: Richard (RJ) Eskow, Campaign for America's Future | Op-Ed

(Photo: factoids)
This is the age of corporatized politics. That means we may admire our leaders, but we can't depend on them. We're paying the price for Thomas Jefferson's unfulfilled desire to "crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."
This July 4th, politics is too important to be left to the politicians. The stakes are too high and the system is too broken. Citizen action is everyone's job now, and it will be as long as our political debate focuses on misplaced austerity and ignores the majority's yearning for jobs, growth, and those things that government does best. 
But the problem isn't just with politicians, or even the system. The problem is dependence itself.
We call it "Independence Day." But the British didn't leave on July 4, 1776. The war lasted until September 3, 1783, when the Treaty of Paris was signed. July 4th is the day we declared ourselves independent. Victory came with the recognition that freedom is our natural condition. Our country wasn't born with violence, but with the realization that freedom is discovered and claimed, not granted by others. That's why we celebrate July 4, not September 3, as our Day of Independence.
That will disappoint the history-challenged right-wingers whose patriotic posturing is limited to speaking in their odd pseudo-military lingo, that echolalic Esperanto for fantasy revolutionaries. They don't realize that war is a tactic, not a system of values. And "independence"? Today's "Tea Party" wasn't named for the tea-dumping patriots of Boston, but for some self-entitled commodities traders shrieking "losers!" on cable television. They were sneering at struggling homeowners, mocking middle-class people like the Tea Partiers themselves. And they were enraged at the idea that ordinary families might be rescued the same way their own financier class had been rescued.
They won. Nobody’s rescued the middle class yet. Unlike them, the Founders believed in common purpose. They shared George Washington's goal of "protecting the rights of humane nature and establishing an Asylum for the poor and oppressed of all nations and religions." They understood what conservatives don't: There's a difference between declaring independence and telling people they're on their own.
When Sarah Palin tells her followers to "RELOAD!” she has no idea where to aim. When Michele Bachmann says she wants people to be "armed and dangerous," she doesn't understand who or what would be endangered. When John Stossel "jokes" about hanging Barney Frank in effigy, he's putting reason (and the tattered shreds of his own reputation) in the noose generals once used for hanging enemies - and patriots like Nathan Hale.
At least their mangling of Revolutionary War history gave us a great chuckle, when Keith Olbermann said Sarah Palin thought Paul Revere was "warning the British Invasion that kicks keep getting harder to find." Conservatives adopt the Revolution's pose and forget its principles. They're dress-up generals in a make-believe war, corporate servants who use the rhetoric of yesterday's revolution to serve today's Redcoats.
We fought for the principles of self-representation and economic freedom. Those principles are under attack again today. But there's no place for rhetorical violence (or any other kind) in today's debate. When corporations intimidate us with economic pressure and distorted information, the best responses are communication and mobilization.
We resisted Britain's state-sanctioned monopolies in 1776. Today's government-sanctioned corporations hang out on Wall Street, not by the chartered Thames. The spirit of the East India Company lives in the five banks which now control nearly 96% of the derivatives market in this country. Our financial oligarchs receive Treasury Department money, Federal Reserve giveaways, and get-out-of-jail-free cards for a corporate crime wave that would make Al Capone blush.
Some of our ancestors came to this country as slaves or indentured servants. The slaves were freed in body but their descendants' economic freedom is not yet fully won. Unemployment's much worse for African Americans. Infant mortality rates are 2.5 times higher than they are for whites and life expectancy is years shorter. Indentured servitude's making a comeback, too. In colonial days people signed away years of freedom for the "loan" of ship's passage to America, where they were sold to bidders for a period of bondage. If only Wall Street had existed then! Imagine the money Goldman Sachs could have made on selling "IBS's" - "indenture-backed securities."
And then shorting them, of course.
Today’s borrowers aren’t exactly indentured servants, but their contract terms can be unilaterally changed and their debts sold and resold without notice. Their homes may be foreclosed by unknown lenders for violating terms they didn't know existed. If they resist paying unfair penalties the full weight of the law will be brought down on them (but not the banks.) Bad credit may leave them unable to borrow money, rent a home, or even find a job.
These economic injustices and others will continue as long as wealthy contributors corrupt our political process. Many of us feel the President can and should do much more to rein in Wall Street, create jobs, and defend Medicare and Social Security. But any likely opponent would probably be far worse. Politicians in this post-Citizens United world are either limited by corporate power or prostituted to it..
So we must work around, as well as within, the electoral system. That means getting the truth out, speaking for the majority's viewpoint, and outlining the real choices we face. That's especially hard when almost everyone in Washington is pushing austerity over jobs and growth (no matter how many Nobel Prize-winning economists tell them they're wrong), and when media empires mislead us about our situation and its causes. So we must wage a war for the mind - a war against corporate think tanks and TV talking heads who tell us our problems arise from self-indulgence and those in need, not corporate malfeasance and runaway greed.
Politicians can help this war against media monopolies and for publicly-financed elections. But they can't lead it. This week some conservatives claimed John Lennon was a secret Ronald Reagan fan. Jon Weiner, the writer and historian who's authored two books on Lennon, effectively refuted them. Weiner points out that Lennon's last political statement was in support of union workers. But to truly dismiss their claim, all you need (besides love, of course) is this Lennon quote:
“You make your own dream ... If you want to save Peru, go save Peru ... Don't expect Jimmy Carter or Ronald Reagan or John Lennon or Yoko Ono or Bob Dylan or Jesus Christ to come and do it for you. You have to do it yourself."
Lennon was right, and if he were still around I suspect he'd add another Presidential name or two to that list.
We can vote for the best (or least objectionable) choices in the next election, but we can't surrender our fate to them. We'll need to keep pressuring them with calls, petitions, and other initiatives. In this corporatized system, we can't expect many leaders to heed Revolutionary pamphleteer (and ur-blogger) Thomas Paine, who said "Attempting to debate with a person who has abandoned reason is like giving medicine to the dead." Paine also made this timely observation: "Moderation in temper is always a virtue; but moderation in principle is always a vice."
Some of us have surrendered to despair. Chris Hedges, one of our most brilliant political writers, wrote recently: " When did our democracy die? When did it irrevocably transform itself into a lifeless farce ...?" But he's wrong. Democracy hasn't died here, not yet. Despite a half-century of corporate manipulation and misinformation the country elected a President with an unlikely name and biography, one who promised real change.
What we've learned since then is that the system itself must change. That begins with the vision of something better. “Revolution is not the uprising against preexisting order," said the Spanish philosopher Ortega y Gasset, "but the setting up of a new order contradictory to the traditional one." We have to imagine what our leaders can't or won't imagine, then work to bring it into being.
Hard? Sure. But democracy? Dead? Tell it to the Egyptians. They won't be completely free or democratic until we're completely free and democratic. But they've accomplished what seemed impossible, and so can we. It will take action - independent action, action that doesn't depend on a leader or a spokesperson or party, action that rejects even the most informed pessimism or the deepest despair. That kind of action needs an independence that comes from within.
Happy Inde

The New War of Independence - Against Corporate Politics

by: Richard (RJ) Eskow, Campaign for America's Future | Op-Ed

(Photo: factoids)
This is the age of corporatized politics. That means we may admire our leaders, but we can't depend on them. We're paying the price for Thomas Jefferson's unfulfilled desire to "crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."
This July 4th, politics is too important to be left to the politicians. The stakes are too high and the system is too broken. Citizen action is everyone's job now, and it will be as long as our political debate focuses on misplaced austerity and ignores the majority's yearning for jobs, growth, and those things that government does best. 
But the problem isn't just with politicians, or even the system. The problem is dependence itself.
We call it "Independence Day." But the British didn't leave on July 4, 1776. The war lasted until September 3, 1783, when the Treaty of Paris was signed. July 4th is the day we declared ourselves independent. Victory came with the recognition that freedom is our natural condition. Our country wasn't born with violence, but with the realization that freedom is discovered and claimed, not granted by others. That's why we celebrate July 4, not September 3, as our Day of Independence.
That will disappoint the history-challenged right-wingers whose patriotic posturing is limited to speaking in their odd pseudo-military lingo, that echolalic Esperanto for fantasy revolutionaries. They don't realize that war is a tactic, not a system of values. And "independence"? Today's "Tea Party" wasn't named for the tea-dumping patriots of Boston, but for some self-entitled commodities traders shrieking "losers!" on cable television. They were sneering at struggling homeowners, mocking middle-class people like the Tea Partiers themselves. And they were enraged at the idea that ordinary families might be rescued the same way their own financier class had been rescued.
They won. Nobody’s rescued the middle class yet. Unlike them, the Founders believed in common purpose. They shared George Washington's goal of "protecting the rights of humane nature and establishing an Asylum for the poor and oppressed of all nations and religions." They understood what conservatives don't: There's a difference between declaring independence and telling people they're on their own.
When Sarah Palin tells her followers to "RELOAD!” she has no idea where to aim. When Michele Bachmann says she wants people to be "armed and dangerous," she doesn't understand who or what would be endangered. When John Stossel "jokes" about hanging Barney Frank in effigy, he's putting reason (and the tattered shreds of his own reputation) in the noose generals once used for hanging enemies - and patriots like Nathan Hale.
At least their mangling of Revolutionary War history gave us a great chuckle, when Keith Olbermann said Sarah Palin thought Paul Revere was "warning the British Invasion that kicks keep getting harder to find." Conservatives adopt the Revolution's pose and forget its principles. They're dress-up generals in a make-believe war, corporate servants who use the rhetoric of yesterday's revolution to serve today's Redcoats.
We fought for the principles of self-representation and economic freedom. Those principles are under attack again today. But there's no place for rhetorical violence (or any other kind) in today's debate. When corporations intimidate us with economic pressure and distorted information, the best responses are communication and mobilization.
We resisted Britain's state-sanctioned monopolies in 1776. Today's government-sanctioned corporations hang out on Wall Street, not by the chartered Thames. The spirit of the East India Company lives in the five banks which now control nearly 96% of the derivatives market in this country. Our financial oligarchs receive Treasury Department money, Federal Reserve giveaways, and get-out-of-jail-free cards for a corporate crime wave that would make Al Capone blush.
Some of our ancestors came to this country as slaves or indentured servants. The slaves were freed in body but their descendants' economic freedom is not yet fully won. Unemployment's much worse for African Americans. Infant mortality rates are 2.5 times higher than they are for whites and life expectancy is years shorter. Indentured servitude's making a comeback, too. In colonial days people signed away years of freedom for the "loan" of ship's passage to America, where they were sold to bidders for a period of bondage. If only Wall Street had existed then! Imagine the money Goldman Sachs could have made on selling "IBS's" - "indenture-backed securities."
And then shorting them, of course.
Today’s borrowers aren’t exactly indentured servants, but their contract terms can be unilaterally changed and their debts sold and resold without notice. Their homes may be foreclosed by unknown lenders for violating terms they didn't know existed. If they resist paying unfair penalties the full weight of the law will be brought down on them (but not the banks.) Bad credit may leave them unable to borrow money, rent a home, or even find a job.
These economic injustices and others will continue as long as wealthy contributors corrupt our political process. Many of us feel the President can and should do much more to rein in Wall Street, create jobs, and defend Medicare and Social Security. But any likely opponent would probably be far worse. Politicians in this post-Citizens United world are either limited by corporate power or prostituted to it..
So we must work around, as well as within, the electoral system. That means getting the truth out, speaking for the majority's viewpoint, and outlining the real choices we face. That's especially hard when almost everyone in Washington is pushing austerity over jobs and growth (no matter how many Nobel Prize-winning economists tell them they're wrong), and when media empires mislead us about our situation and its causes. So we must wage a war for the mind - a war against corporate think tanks and TV talking heads who tell us our problems arise from self-indulgence and those in need, not corporate malfeasance and runaway greed.
Politicians can help this war against media monopolies and for publicly-financed elections. But they can't lead it. This week some conservatives claimed John Lennon was a secret Ronald Reagan fan. Jon Weiner, the writer and historian who's authored two books on Lennon, effectively refuted them. Weiner points out that Lennon's last political statement was in support of union workers. But to truly dismiss their claim, all you need (besides love, of course) is this Lennon quote:
“You make your own dream ... If you want to save Peru, go save Peru ... Don't expect Jimmy Carter or Ronald Reagan or John Lennon or Yoko Ono or Bob Dylan or Jesus Christ to come and do it for you. You have to do it yourself."
Lennon was right, and if he were still around I suspect he'd add another Presidential name or two to that list.
We can vote for the best (or least objectionable) choices in the next election, but we can't surrender our fate to them. We'll need to keep pressuring them with calls, petitions, and other initiatives. In this corporatized system, we can't expect many leaders to heed Revolutionary pamphleteer (and ur-blogger) Thomas Paine, who said "Attempting to debate with a person who has abandoned reason is like giving medicine to the dead." Paine also made this timely observation: "Moderation in temper is always a virtue; but moderation in principle is always a vice."
Some of us have surrendered to despair. Chris Hedges, one of our most brilliant political writers, wrote recently: " When did our democracy die? When did it irrevocably transform itself into a lifeless farce ...?" But he's wrong. Democracy hasn't died here, not yet. Despite a half-century of corporate manipulation and misinformation the country elected a President with an unlikely name and biography, one who promised real ch

The New War of Independence - Against Corporate Politics

by: Richard (RJ) Eskow, Campaign for America's Future | Op-Ed

(Photo: factoids)
This is the age of corporatized politics. That means we may admire our leaders, but we can't depend on them. We're paying the price for Thomas Jefferson's unfulfilled desire to "crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country."
This July 4th, politics is too important to be left to the politicians. The stakes are too high and the system is too broken. Citizen action is everyone's job now, and it will be as long as our political debate focuses on misplaced austerity and ignores the majority's yearning for jobs, growth, and those things that government does best. 
But the problem isn't just with politicians, or even the system. The problem is dependence itself.
We call it "Independence Day." But the British didn't leave on July 4, 1776. The war lasted until September 3, 1783, when the Treaty of Paris was signed. July 4th is the day we declared ourselves independent. Victory came with the recognition that freedom is our natural condition. Our country wasn't born with violence, but with the realization that freedom is discovered and claimed, not granted by others. That's why we celebrate July 4, not September 3, as our Day of Independence.
That will disappoint the history-challenged right-wingers whose patriotic posturing is limited to speaking in their odd pseudo-military lingo, that echolalic Esperanto for fantasy revolutionaries. They don't realize that war is a tactic, not a system of values. And "independence"? Today's "Tea Party" wasn't named for the tea-dumping patriots of Boston, but for some self-entitled commodities traders shrieking "losers!" on cable television. They were sneering at struggling homeowners, mocking middle-class people like the Tea Partiers themselves. And they were enraged at the idea that ordinary families might be rescued the same way their own financier class had been rescued.
They won. Nobody’s rescued the middle class yet. Unlike them, the Founders believed in common purpose. They shared George Washington's goal of "protecting the rights of humane nature and establishing an Asylum for the poor and oppressed of all nations and religions." They understood what conservatives don't: There's a difference between declaring independence and telling people they're on their own.
When Sarah Palin tells her followers to "RELOAD!” she has no idea where to aim. When Michele Bachmann says she wants people to be "armed and dangerous," she doesn't understand who or what would be endangered. When John Stossel "jokes" about hanging Barney Frank in effigy, he's putting reason (and the tattered shreds of his own reputation) in the noose generals once used for hanging enemies - and patriots like Nathan Hale.
At least their mangling of Revolutionary War history gave us a great chuckle, when Keith Olbermann said Sarah Palin thought Paul Revere was "warning the British Invasion that kicks keep getting harder to find." Conservatives adopt the Revolution's pose and forget its principles. They're dress-up generals in a make-believe war, corporate servants who use the rhetoric of yesterday's revolution to serve today's Redcoats.
We fought for the principles of self-representation and economic freedom. Those principles are under attack again today. But there's no place for rhetorical violence (or any other kind) in today's debate. When corporations intimidate us with economic pressure and distorted information, the best responses are communication and mobilization.
We resisted Britain's state-sanctioned monopolies in 1776. Today's government-sanctioned corporations hang out on Wall Street, not by the chartered Thames. The spirit of the East India Company lives in the five banks which now control nearly 96% of the derivatives market in this country. Our financial oligarchs receive Treasury Department money, Federal Reserve giveaways, and get-out-of-jail-free cards for a corporate crime wave that would make Al Capone blush.
Some of our ancestors came to this country as slaves or indentured servants. The slaves were freed in body but their descendants' economic freedom is not yet fully won. Unemployment's much worse for African Americans. Infant mortality rates are 2.5 times higher than they are for whites and life expectancy is years shorter. Indentured servitude's making a comeback, too. In colonial days people signed away years of freedom for the "loan" of ship's passage to America, where they were sold to bidders for a period of bondage. If only Wall Street had existed then! Imagine the money Goldman Sachs could have made on selling "IBS's" - "indenture-backed securities."
And then shorting them, of course.
Today’s borrowers aren’t exactly indentured servants, but their contract terms can be unilaterally changed and their debts sold and resold without notice. Their homes may be foreclosed by unknown lenders for violating terms they didn't know existed. If they resist paying unfair penalties the full weight of the law will be brought down on them (but not the banks.) Bad credit may leave them unable to borrow money, rent a home, or even find a job.
These economic injustices and others will continue as long as wealthy contributors corrupt our political process. Many of us feel the President can and should do much more to rein in Wall Street, create jobs, and defend Medicare and Social Security. But any likely opponent would probably be far worse. Politicians in this post-Citizens United world are either limited by corporate power or prostituted to it..
So we must work around, as well as within, the electoral system. That means getting the truth out, speaking for the majority's viewpoint, and outlining the real choices we face. That's especially hard when almost everyone in Washington is pushing austerity over jobs and growth (no matter how many Nobel Prize-winning economists tell them they're wrong), and when media empires mislead us about our situation and its causes. So we must wage a war for the mind - a war against corporate think tanks and TV talking heads who tell us our problems arise from self-indulgence and those in need, not corporate malfeasance and runaway greed.
Politicians can help this war against media monopolies and for publicly-financed elections. But they can't lead it. This week some conservatives claimed John Lennon was a secret Ronald Reagan fan. Jon Weiner, the writer and historian who's authored two books on Lennon, effectively refuted them. Weiner points out that Lennon's last political statement was in support of union workers. But to truly dismiss their claim, all you need (besides love, of course) is this Lennon quote:
“You make your own dream ... If you want to save Peru, go save Peru ... Don't expect Jimmy Carter or Ronald Reagan or John Lennon or Yoko Ono or Bob Dylan or Jesus Christ to come and do it for you. You have to do it yourself."
Lennon was right, and if he were still around I suspect he'd add another Presidential name or two to that list.
We can vote for the best (or least objectionable) choices in the next election, but we can't surrender our fate to them. We'll need to keep pressuring them with calls, petitions, and other initiatives. In this corporatized system, we can't expect many leaders to heed Revolutionary pamphleteer (and ur-blogger) Thomas Paine, who said "Attempting to debate with a person who has abandoned reason is like giving medicine to the dead." Paine also made this timely observation: "Moderation in temper is always a virtue; but moderation in principle is always a vice."
Some of us have surrendered to despair. Chris Hedges, one of our most brilliant political writers, wrote recently: " When did our democracy die? When did it irrevocably transform itself into a lifeless farce ...?" But he's wrong. Democracy hasn't died here, not yet. Despite a half-century of corporate manipulation and misinformation the country elected a President with an unlikely name and biography, one who promised real change.
What we've learned since then is that the system itself must change. That begins with the vision of something better. “Revolution is not the uprising against preexisting order," said the Spanish philosopher Ortega y Gasset, "but the setting up of a new order contradictory to the traditional one." We have to imagine what our leaders can't or won't imagine, then work to bring it into being.
Hard? Sure. But democracy? Dead? Tell it to the Egyptians. They won't be completely free or democratic until we're completely free and democratic. But they've accomplished what seemed impossible, and so can we. It will take action - independent action, action that doesn't depend on a leader or a spokesperson or party, action that rejects even the most informed pessimism or the deepest despair. That kind of action needs an independence that comes from within.
Happy Independence Day.
?Tell it to the Egyptians. They won't be completely free or democratic until we're completely free nd democratic. But they've accomplished what seemed impossible, and so can we. It will take action - independent action, action that doesn't depend on a leader or a spokesperson or party, action that rejects even the most informed pessimism or the deepest despair. That kind of action needs an independence that comes from within.
Happy Independence Day.
pendence Day.
information the country elected a President with an unlikely name and biography, one who promised real change.
What we've learned since then is that the system itself must change. That begins with the vision of something better. “Revolution is not the uprising against preexisting order," said the Spanish philosopher Ortega y Gasset, "but the setting up of a new order contradictory to the traditional one." We have to imagine what our leaders can't or won't imagine, then work to bring it into being.
Hard? Sure. But democracy? Dead? Tell it to the Egyptians. They won't be completely free or democratic until we're completely free and democratic. But they've accomplished what seemed impossible, and so can we. It will take action - independent action, action that doesn't depend on a leader or a spokesperson or party, action that rejects even the most informed pessimism or the deepest despair. That kind of action needs an independence that comes from within.
Happy Independence Day.

Monday, June 27, 2011

Blogdog's EXPOSE': Republicans and Tax Reform

Blogdog's EXPOSE': Republicans and Tax Reform: " As I watched house speaker John Beohner at the Economic Club of New York a few weeks ago he kept talking about tax reform for corpor..."