Where in the World are Obama’s Blunders (That is, Bundlers)?
Seth Cline writes on Open Secrets:
Nearly lost in the troves of campaign finance data recently released by presidential candidates was an updated list of bundlers for President Barack Obama’s 2012 re-election campaign. These 359 well-connected supporters have raised at least $56 million for Obama and the Democratic National Committee so far this year, according to research by the Center for Responsive Politics.
Obama’s campaign, the sole presidential campaign to disclose information about its bundlers, only gives broad ranges for the amounts these elite fund-raisers have raised, so the exact amount they’ve raised is unknown.
But because the campaign releases a figure for the minimum amount bundled, it’s safe to say that bundlers constitute a sizable portion of the fund-raising for Obama and the DNC.
In fact, more than $1 of every $3 donated to Obama and the DNC so far this year has come from bundlers, according to the Center’s research. Through Sept.…
Media Roots: Occupy Wall Street, Divide & Conquer, Medical Marijuana Crackdown
Via Media Roots:
Abby & Robbie Martin cover the Occupy Wall Street Movement: the divide and conquer tactics being used to discredit OWS, the different schools of thought and ideology within the movement and the original demands made by the U.S. Day of Rage; the Obama administration’s shocking crackdown on medical marijuana and new federal law banning medical marijuana card holders from owning firearms; Blackwater and the privatization of the armed forces: is the corporatization of the U.S. military preventing an anti-war rebellion similar to that seen in the ’60s?
JP Morgan Chase Donates $4.6 Million To NYPD On Eve Of Protests
Wondering how much it costs to buy off the police department? JP Morgan Chase just gave the New York City Police Foundation the largest donation in its history. How the police show their gratitude will presumably determine whether they receive similar donations from companies in the future. Via Naked Capitalism:
No matter how you look at this development, it does not smell right. From JP Morgan’s website, hat tip Lisa Epstein:
JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center.
New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing “profound gratitude”…
It’s Time to Get Money Out of Politics
Via GetMoneyOut.com:
Bailouts. War. Unemployment. Our government is bought, and we’re angry. Now, we’re turning our anger into positive action. By signing this petition, you are joining our campaign to get money out of politics. Our politicians won’t do this. But we will. We will become an unrelenting, organized wave advocating a constitutional amendment to get money out of politics.
As the petition grows, we can use on The Dylan Ratigan Show on MSNBC as a platform to force this issue to the center of the 2012 elections. From our former Washington lobbyist, Jimmy Williams, here is a DRAFT of our constitutional amendment:
“No person, corporation or business entity of any type, domestic or foreign, shall be allowed to contribute money, directly or indirectly, to any candidate for federal office or to contribute money on behalf of or opposed to any type of campaign for federal office. Notwithstanding any other provision of law, campaign…
“Monetizing” Electoral Politics: TV Networks Are Out To Sell, Not Tell
Already the projections are in—not for who is going to win the election in 2012—but for how much it is likely to cost.
Public Radio International concludes: “Campaign spending in the 2012 US election could reach $6 or 7 billion dollars as outside groups pay for electoral influence.”
Here we are in the middle of a deep recession that’s getting deeper by the day, with austerity the unofficial slogan du jour while Republican scheme up new ways to trim, cut and decimate government spending, and parties are spending billions on political horse races.
They decry government spending but they don’t talk much about their own spending, do they?
And neither do the Democrats who are also backing an orgy of spending cuts if only to show their opponents how “responsible” they are.
As both parties slash spending that benefits people, they are in a manic overdrive effort to raise more for themselves and their campaigns.
Dave Levinthal,…
Dylan Ratigan Hires a Lobbyist to Get Big Money Out of Politics (Videos)
Two clips from The Dylan Ratigan Show that track the progress of the campaign:
‘Kids For Cash’ Judge Gets 28-Year Prison Sentence
Pennsylvania Judge Mark Ciavarella jailed teenagers for minor offenses (e.g. satirizing a teacher on Myspace) in return for over $1 million in kickbacks from the area’s for-profit youth prison. Mother Sandy Fonzo alleges that Judge Ciavarella is only “the tip of the iceberg” in a practice that is occurring across the country. Fonzo’s star-wrestler son, whom Ciavarella sentenced, committed suicide after spending six months imprisoned among violent offenders as punishment for being caught with a marijuana pipe. In her words, “Judge Ciavarella is proof that for-profit incarceration cannot happen.”
The Kids For Cash scandal involved more than 30 state and local government officials and contractors, says ABC News.
Dylan Ratigan Blasts U.S. Political & Banking Ties and the Partisan Hacks’ Excuses (Video)
South Africa’s Cancer Of Corruption
DURBAN, SOUTH AFRICA: Twenty one years after Nelson Mandela walked free, corruption has become the issue du jour in South Africa.
Even president Jacob Zuma who narrowly slithered out of a corruption trial before his election is blasting corruption in the ranks of the African National Congress which came to power as the morally superior alternative to an apartheid regime that shamelessly used the wealth it controlled to benefit Afrikaners and deprive the black majority of services.
“Let’s make a plan,” were the code words members of the all white National Party used to scheme ways of stealing state resources to benefit themselves, a cozy reality overshadowed by the vicious racial policies that outraged the world.
As the ANC prepared to win power democratically, there was concern among leaders that a deprived black majority might feel it was “their turn” and thus, their right to cash in on their political victory. Some of their…
Wyoming: The New Cayman Islands
Kelly Carr and Brian Grow recently reported in Yahoo Finance:
The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming.
At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn’t a shimmering skyscraper filled with A-list corporations. It’s a 1,700-square-foot brick house with a manicured lawn, a few blocks from the State Capitol.
Neighbors say they see little activity there besides regular mail deliveries and a woman who steps outside for smoke breaks. Inside, however, the walls of the main room are covered floor to ceiling with numbered mailboxes labeled as corporate “suites.” A bulky copy machine sits in the kitchen. In the living room, a woman in a headset answers calls and sorts bushels of mail.
A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on…
Millions for Defense; Not One Cent for Tribute
Oh how the times have been a changin’ since Robert Goodloe Harper coined that gem in 1798. In the 21st century, apparently, patriotism means stealing hundreds of billions from the U.S. Treasury to bailout incompetent bankers, as “minute man” [1] Paul Ryan begged the House to do on September 29, 2008.
Okay, so as a nation we’re totally cool with recasting tribute to greasy financial fat cats as “investment” — even if it doesn’t exactly pay a huge return. [2]
But since “far left socialist” Barack Obama proposed cutting Social Security benefits during recent talks to increase the nation’s debt ceiling (to much Republican enthusiasm), making sure Granny gets her catfood money has also been redefined as “wanton profligacy”. Ah, sure, the ol’ gal only had another ten years left in her TOPS anyways, right?
America, you are a pack of perverts. [3]
Chris Hedges’s Endgame Strategy: Why The Revolution Must Start In America
Synopsis via The Raw Story:
Pulitzer-winning author and former New York Times reporter Chris Hedges has a revolutionary worldview. In the video below, his recent “Endgame Strategy” piece for AdBusters is read aloud by George Atherton. His conclusions are chilling, but not entirely hopeless. “We will have to take care of ourselves,” he wrote. “We will have to rapidly create small, monastic communities where we can sustain and feed ourselves. It will be up to us to keep alive the intellectual, moral and cultural values the corporate state has attempted to snuff out. It is either that or become drones and serfs in a global corporate dystopia. It is not much of a choice. But at least we still have one.
US, Russia, China Faulted For ‘Serious Deficiencies’ In Rule Of Law
Protesters clash with riot police on 7 November 2007 during Georgian demonstrations. Photo: Diaoha, Georgia Today
How well has America upheld ‘justice for all’ this year? Via Solidarity Institute:
An annual survey of the rule of law around the world released Monday sees weak protections for fundamental rights in China, “serious deficiencies” in Russia, and problems with discrimination in the United States.
Sweden and Norway scored highest on the World Justice Project Rule of Law Index, which ranks countries on such key areas as whether the government is held accountable, there is access to justice, rights are protected and crime and corruption is prevented.
“Achieving the rule of law is a constant challenge and a work in progress in all countries,” said Hongsia Liu, the executive director of the project, which was funded by a grant from the Bill and Melinda Gates Foundation.
He said the index was “not designed to shame or blame, but…
Foghorn Leghorn Speaks On Matters in Wisconsin
Is it possible to channel a fictional character? Specifically, the Southern-gentrified blowhard from the Warner Bro.’s 1960’s “Foghorn Leghorn” franchise? Based upon experiments performed over the weekend, I can report a firm and conclusive “yes”. But the ritual requires copious volumes of an obscure Sri Lankan stout called “Lion“. And Mr. Legohorn seems to have quite a bit to say about Wisconsin people and places . . . .
“The behavior on display before us in this instance constitutes a perfect SCANDAL in the eyes of our sacred parliamentary traditions. This method of proceeding cannot call to mind words any loftier or more noble than “poltroon” and “knave”. I understand that the accepted standards of comportment may not be all they could in some of the darker corners of the great state of Wisconsin, but I see no reason to drag them into the sacred halls of our legislature.”
—Regarding the extraordinary violation of…
The U.S. Congress Does ‘Abnormally’ Well in the Stock Market
This should be more troubling, but it feels like business as usual in Washington. Dan Foomkin writes on the Huffington Post:
Members of the House of Representatives considerably outperform the stock market in their personal investments, according to a new academic study.
Four university researchers examined 16,000 common stock transactions made by approximately 300 House representatives from 1985 to 2001, and found what they call “significant positive abnormal returns,” with portfolios based on congressional trades beating the market by about 6 percent annually.
What’s their secret? The report speculates, but does not conclude, it could have something to do with the ability members of Congress have to trade on non-public information or to vote their own pocketbooks — or both.
A study of senators by the same team of researchers five years ago found members of the higher chamber even better at beating the market — outperforming it by about 10 percent, an amount the academics…
Stephen Colbert: I Don’t Want To Be The ‘Chump’ Without Unlimited Corporate Cash (Video)
This is brilliant. Looking forward to seeing how far Colbert can go with this. Ryan J. Reilly writes on Talking Points Memo:
Stephen Colbert doesn’t “want to be the one chump” without any unlimited corporate money going to his political action committee. That’s why he showed up the the Federal Election Commission building in D.C. to formally request an advisory opinion on behalf of “Colbert Super PAC,” a proposed independent expenditure only committee able to accept unlimited corporate, individual, political committee and labor contributions.
Accepting unlimited funding is “a right as described by the Citizens United case,” Colbert said in response to a question from Politico’s Ken Vogel. “I believe the Citizens United decision was the right one, there should be unlimited corporate money, and I want some of it. I don’t want to be the one chump who doesn’t have any.”
Colbert said he expected the FEC to take his request seriously.
When No Experience Pays Off Big (In a Government Job)
Brian Deschane's mugshot
Daniel Bice writes in the Milwaukee-Wisconsin Journal Sentinel:
Just in his mid-20s, Brian Deschane has no college degree, very little management experience and two drunken-driving convictions.
Yet he has landed an $81,500-per-year job in Gov. Scott Walker’s administration overseeing environmental and regulatory matters and dozens of employees at the Department of Commerce. Even though Walker says the state is broke and public employees are overpaid, Deschane already has earned a promotion and a 26% pay raise in just two months with the state.
How did Deschane score his plum assignment with the Walker team? It’s all in the family. His father is Jerry Deschane, executive vice president and longtime lobbyist for the Madison-based Wisconsin Builders Association, which bet big on Walker during last year’s governor’s race.
The group’s political action committee gave $29,000 to Walker and his running mate, Lt. Gov. Rebecca Kleefisch, last year, making it one of the top five…
Media Roots Interview With Cindy Sheehan
This is a special Media Roots TV interview conducted by Abby Martin with Cindy Sheehan, mother who has made the ultimate sacrifice and fearless anti-war activist. She relays her powerfully lucid point of view in a candid interview at her home on February 6th, 2011.
Treasure Islands: The Murky World Of Offshore Tax Shelters
New Left Project sits down with author Nicholas Shaxson to talk tax havens — a mammoth system of quasi-legal money-laundering which has a far wider impact than we realize, with a large role in the global drug trade and financial crisis. As it turns out, the biggest “treasure islands” are not the Caymans or Monaco, but places such as the City of London and the U.S. state of Delaware:
There is no common definition of what a tax haven is. Everybody has a slightly different definition. Ultimately what a tax haven provides is escape from the rules and the laws of jurisdictions. Tax havens are also about ‘elsewhere’ – the laws of the Cayman Islands are not designed for the benefit of the 50,000-odd population of the Cayman Islands.
The traditional view is…palm-fringed tropical islands in the Caribbean, Monaco, Switzerland, Liechtenstein. Small states. But if you do the analysis of what a tax…
