Posts Tagged ‘big business

02
Apr
09

Is Chris Dodd the New Britney Spears?

Remember a year ago when the news was all Britney Trainwreck all the time? It was anthropologically delicious watching the vag-flasher self-destruct one Red Bull at a time. And how glorious that we political junkies have our own disaster-seeking boobs hellbent on claiming their tragic turn at the gallows of public opinion.

Sure the vast majority of America couldn’t care less as Connecticut’s senior senator careens vehemently toward electoral self-destruction, but I giggle a little bit as each new day brings one more nail-in-the-coffin decision Christopher Dodd seems unable to avoid. Lest you think me walking the left-wing plank, shame on me that I might be tickled by events possibly resulting in the election of a Republican to the Senate, here’s the 411:

Doddsy ranks at the top of the 1998-2008 AIG campaign donation list (George W. Bush came in second). And, a few weeks ago, he tried to deny to CNN that his office had inserted language into the stimulus bill allowing for AIG exec bonus payment. The next day, he embarrassingly reversed his claims and came clean in a gut-twisting moment for most lefties, such as moi.

And NOW, now the idiot extraordinaire will bask in an April 7, $1,000-a-head fundraiser to be hosted by a hedge fund manager who made out like a bandit betting against the subprime housing market in 2007. At least Dodd people had the foresight to move the fundraiser from its original venue – an exclusive club under fire for having no minority members. What friggin’ geniuses. And I’m sure there will be plenty of minorities at the fundraiser. Maybe the rich AIG residents of Connecticut can give the minorities protesting outside their homes a ride to the bash.

As you can imagine, Dodd’s poll  numbers are in the crapper without a chance of seeing sunshine anytime soon. I mean NO chance. In this era of Obamalove, C.D. is coming in a cool 16 points behind a potential Republican contender. Ouch. What’s even more hysterical about this political Hindenburg is that New England has rebounded from Bush to such an extreme, that the last Republican House member from the region lost his reelection bid last November. Even in this climate, Dodd is headed for severe senatorial, exit-Stage-Left carpet burn.

Yes, of course I like to see more Dems in Congress than Repubs, but as I’ve said before, I think the vast majority of congresspeople on both sides of the aisle are big business whores. Can’t say it enough. Whores, whores, whores – the lot of ’em! Dodd is obviously no exception and if he has to serve as the sacrificial lamb for this “teachable moment,” so be it. The pied piper of judgment is calling and Dodd’s ain’t got no bank.

I hope his colleagues are watching. And one more thing, TERM LIMITS.

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13
Mar
09

Rick Perry: Big Business Bitch

Rick Perry is by far one of the worst governors Texas has every seen for a myriad of reasons.

And now, by rejecting part of the federal stimulus money, Perry proves once again that he is ankle grabber prostrating himself ass-up to the wishes of big business. Who cares if the Texas unemployment fund could be operating at a deficit later this year?! Just like all these other no-solution right-wingers, he cares more for his electoral prospects than helping Texans through tough times.

Perry has never considered the interests of Texans over his own relations with big biz, whether its helping to fast-track the building of coal plants ahead of new environmental regulations or attempting to issue an executive order requiring the vaccination of pubescent girls with Gardasil – a medicine proven to have serious side effects in many recipients and made by a company who has given Perry money.

The man’s overdue for some “Texas Justice” and I’m not just talking about branding his ass (though, that’s worth considering as well).

I’m tempted to vote in the Republican primary next year for Kay Bailey Hutchinson even though I would never vote for her in the gubernatorial election – I just want Rick Perry out and I don’t have confidence in the intelligence of Texas voters to wake the hell up. Of course, voting against a candidate instead of for another violates my unwritten code of ethics, as does voting for douchebags. And there is hope – with Harris Country going blue in the last election, it’s a start.

05
Feb
09

Politicians: Corporatocracy Whores

It seems most politicians are members of three clubs: former big biz, lawyers, and academics. Of course, there are exceptions. Ron Paul, Bill Frist, Howard Dean, and Tom Coburn were also doctors. California offers up actors from time to time, and Jesus give us his peeps:  Jesse Jackson, Al Sharpton, Mike Huckabee. Sarah Palin crawled out from under a rock in White Trashville, as will have Joe The Plumber when he undoubtedly attempts to run for some public office.

Maybe we need to take a closer look at where our politicians come from and what type of background offers the most successful selections. By successful, I don’t mean longest-serving or highest-ranking. I mean most effective, the politicians that benefited the American people the most.

In pondering this topic, the most pessimistic observation regarding the state of our government is that there is an undeniable rotating door between government and big business. As I’ve said, this is not a democracy, but a corporatocracy. Lobbyists and politicians are one and the same and this is true of both Republicans and Democrats.

Sure, this is a well-known reality. So, what could have triggered my need to blog on the topic today? Well…

On Morning Joe this a.m. Joe Scarborough, in his usual pithy tone of egotistical disgust and certitude, derided Obama who, just like Bernanke, Joe said, is a professor. They’re just professors. And this is true. But maybe, just maybe, it’s not a bad thing.

Yesterday, Robert Scheer pointed out in his Huffpo blog entry, Runaway Wallstreet, that Geithner’s choice for top aide is Mark Peterson, Goldman Sachs VP and lobbyist. “It was confirmation that Goldman Sachs runs the Treasury Department–no matter which party is in power.” He also sites The NYTimes’ “The Guys From ‘Government Sachs'”, which details Goldman alumni in the government – Paulson, of course, but also Joshua B. Bolten, Neel T. Kashkari, Robert Rubin, World Bank Pres. Robert Zoellick, New Jersey Governor Jon Corzine and a BUNCH, bunch more.

Goldman Sachs is one of the many Wall Street, financial institutions with a revolving door between itself and the Treasury Dept., the Fed, the SEC and more. What about Rahm Emanuel and Michael Bloomberg? And, most recently John McCain was greatly considering naming shamed former Merrill Lynch CEO John Thain – you know the one who spent $1.2 million redecorating his office – for his Treasury Secretary. How can our government be expected to enact the best policy when they are all big biz wankers who have no priority over increasing wealth among their ranks?

The financial industry isn’t the only extreme conflict of interest in the government. Remember Dick Cheney? Yes, that ex-Halliburton CEO called in major energy execs to help write the government’s energy policy. No wonder Bush thought Kyoto was a bad idea. No wonder Bush wouldn’t let California set high fuel emissions standards. No wonder Detroit refused to acknowledge the growing demand for greener autos. No wonder Halliburton, its subsidiaries, and other companies close to Bush & Cheney received no-bid contracts in Iraq worth billions while our underfunded military continued to fight wars on two fronts. Nothing new – former head of Enron Ken Lay would trip over himself licking the heals of Bush I, leaving little surprise that the company was able to get away with manipulating the California energy market before its bubble collapsed.

Where do you think Tom Daschle went after his senate career? Yeah, a lobbying firm with clients in the health care sector. He would have made a great health care secretary. No conflict there. And you know how recruited him? Bob Dole. Even Bill Frist went to work for a health care investment firm after leaving the senate.

And there’s always a new crop of big biz lackeys knocking at the door all the time: Mitt Romney, Carly Fiorina, and  Meg Whitman are biding their time, waiting to make their big break on the national circuit. But it’s not just the politicians – it’s their spouses, their children, congressional aides, government inspectors for the FDA, SEC, CDC and more – everyone around these politicians are in bed with lobbying firms and corporations. Lower level government employees, eying big dollar jobs in the private sector, push their bosses toward pro-biz legislation and deregulation. The mainstream media, dependent on sponsor dollar, rarely publicize the siamese twins our government and big business have become.

And the American people suffer for it. In Texas, Gov. Rick Perry mandated the vaccination of teenage girls with Gardasil – interesting because of his ties to Gardasil’s maker, Merck. The governor thinks he can issue executive orders regarding the health of our children, ordering them to take a new drug with multiple questions regarding its side effects. The man should be jailed. He also tried to rush the building of coal plants before new “clean coal” (cough, cough lie) regulations were put in place. Yeah, we got a winner down here in Texas. Hey Perry – this isn’t a fucking autocracy! Asshole.

Now, sure most of the Democratic politicians are lawyers  – funny how they want to study law before becoming professional legislators. And many other government participants are academics. The main attack line against these people – and we heard it quite a bit this last election – is that they never ran anything. Somehow the recent big biz execs are winning elections to become today’s politicians on platforms that they were in charge in the business sector. And the last eight years have been the most pro-biz in recent history. Do you see what I’m getting at?

Maybe before we jump to criticize these professors and lawyers, we should take a look at how well the big biz peeps fared. Last I looked, our civil liberties were greatly reduced, we spent far more on a war sold with lies than we did on education the children of our country, a credit bubble formed and popped, health care costs became astronomical, unaffordable and the leading cause of bankruptcy, speculation drove oil & gas prices sky high and unemployment reached record levels.

At least the top 400 richest people doubled their wealth while Bush was president. The poverty sector grew by leaps and bounds, but who cares about those people? We have a corporatocracy on our hands and until we establish policy on data, information, evidence and reality and leave ideology and theory in the books where they belong, we will continue to suffocate the middle class. And without a healthy middle class, a healthy American economy cannot exist. The idea of a free market has become a joke, a myth. There’s nothing free about our market. It’s very, very expensive. And it’s not the rich who are paying for it.

13
Nov
08

Corporate Lobbyists Have Their Sticky Hands All Over This Bailout Mess

corporate-lobbying-bombLike bees to honey, the government bailout has triggered an explosion in corporate lobbying on behalf of banks, savings and loan institutions and insurers. Only these bees are very rich and very greedy. According to CQ Politics Nov. 1, K Street reported nearly $830 million in expenditures and revenue for July, August and September of this year – with no end in sight after registering 500 new clients just this October.

Corporate lobbyists are about as reputable as used-car salesman. And for good reason. Imagine, as a politician, your source of information on an industry, company, town or organization is a person paid directly by that entity to encourage legislation if favor of said entity. It is the height of conflict of interest. Would you trust a prostitute if he/she told you they were the best lay on the strip? No! But if you’re a john, you’ll probably do them anyway.

And this is the problem we have with big biz lobbyists. Their information and opinion are skewed, biased and unreliable. The lobbyists who represent the wealthier entities are inevitably more successful, securing de-regulatory measures, earmarks, etc. for their clients. And money continues to power the Washington merry-go-round, as we’re seeing with Paulson’s bailout.

During the lame duck Congressional session in 2000, our public-serving representatives legalized unregulatedmoney-equals-power over-the-counter derivative markets (ahem, gambling). Now, would our legislators come up with this idea on their own, under the assumption that this loosening of the stock market rule book would benefit society as a whole? NO! Slimy little wankers in the form of lobbyists undoubtedly sent oodles of cash to specific designations to earn those Yeas. The lobbyists likely wrote the legislation itself.

The U.S. bailout package, unlike the U.K. bailout, includes unprecedented loans to the banking industry without stipulating the banks in turn must issue loans to help lubricate financial markets. The bailout loans come with no restrictions that the government money cannot be used to pay stockholder dividends, nor for the payment of executive bonuses. It would seem elementary to obligate banks to use the bailout appropriately and in the best interest of the economy. And yet our Treasury Department and Congress have been the Daddy Warbucks to Little Orphan Annie – as you wish, my dear. How does such an asinine lack of oversight, transparency and intelligent governance fall by the wayside during this worldwide torrential economic plunge?

Lobbyists. Under the orders of the corporate pimps. Conducting trades of cash and influence in the backs of the American public. The examples of manipulations, misdeeds, proliferation of misinformation and the results of such actions are endless:

  • Reuters: “The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.”
  • AP: “Some of the nation’s biggest banks are in for a windfall — on top of the $700 billion government bailout — thanks to a new tax policy quietly issued by the Treasury Department. The notice gives big tax breaks to companies that acquire struggling banks hit hard by the mortgage crisis. In some cases, the tax breaks could exceed the cost of acquiring the banks, according to analyses by private tax experts. The change could cost the Treasury as much as $140 billion by enabling firms that acquire struggling banks to use more losses incurred by those banks to offset their own taxable profits.”
  • Bloomberg: The Federal Reserve refuses to identitify the recipients of $2 trillion in taxpayer loans, despite promising transparency in return for approval of the bailout plan.
  • ABC: Pelosi (and Obama) is calling for more of the $700 bailout to be given to the Big 3 American automakers, who received $25 billion in September, with environmentally friendly strings attached.

Corporations are convincing our federal representation, through Olympic lobbying efforts, to collude in efforts that secretly and overtly reward poor financial judgment, strengthening corporate power and influence and coporate-lobbyist-stickman1proving that our government is no longer beholden to the voters, but to big business.

Obama is taking baby steps to quell the loud voices of corporate lobbyists. Transition team leader John Podesta introduced new lobbying restrictions for the transition process. CNN – “Those who leave the transition team will be barred for a year from lobbying the incoming administration on matters related to their transition jobs, and current lobbyists who join the team are barred for 12 months from working in policy fields related to their lobbying work.”

Hopefully, an Obama presidency and Democrat-led Congress will find time in their busy schedules to legally amputate the greedy fingers of corporations – their lobbyists. I’m not holding my breath.

And while lobbying is protected by the first amendment, the flood of cash through these unethical vessels into D.C. must end. These people make and distribute far too much money, assualting our democracy with each greedy cent. They divert power from the people to self-interested corporations, delivering an economic crisis that could easily define the next age.




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