Month: August 2011

Super Committee Owned By The Super Rich

Posted by on August 13, 2011 at 3:02 pm. 3 Comments :

The so-called Super Committee created by congress to dodge responsibility for …um… I mean to craft legislation for deficit reduction, has not been been particularly well received by anyone.

Newt Gingrich: I think this super-committee is about as dumb an idea as Washington has come up with in my lifetime.

Dennis Kucinich: It’s like, “Honey, I shrunk the Congress.” Congress is now reduced to a majority of seven members on a committee … Everything about this deal is wrong.

They are both right. It’s a dumb idea that puts way too much power in the hands of too small a group. It seems virtually designed to fail. The alleged incentive for the participants to reach an agreement is the threat of draconian cuts to social services and defense. But since the purpose of the committee is to make draconian, unpopular cuts anyway, why wouldn’t the members prefer to decline compromise and let the process take the blame?

What isn’t getting much attention, however, is that the members of the committee have vested interests in the affairs of the programs they are overseeing. In the 2010 election cycle members received combined over $122 million from the very industries and corporations whose budgets they must now slash. Those industries represent the most powerful sectors of the American economy including defense, health care, energy, and banking. The list of the biggest contributors to the committee members tells us a lot about what to expect from their deliberations:

Donor Amount
Club for Growth 993,394
Microsoft Corp 243,625
Elliott Management 233,704
EMILY’s List 202,656
Squire, Sanders & Dempsey 156,350
New York Life Insurance 139,850
General Electric 138,610
Boeing Co 135,910
JPMorgan Chase & Co 133,399
Amgen Inc 131,150
American Financial Group 125,652
DaVita Inc 118,200
Goldman Sachs 114,700
University of Washington 110,164
Comcast Corp 103,465
Blue Cross/Blue Shield 100,100
Citigroup Inc 95,599
Schering-Plough Corp 91,200
Denny Miller Assoc 90,900
[Source: OpenSecrets.org]

The pressure on these committee members to placate their benefactors will be enormous. And these wealthy special interests will certainly unleash their army of lobbyists to keep the federal funds flowing. With all the focus on just a dozen legislators it actually makes it easier to manipulate the outcome because lobbyists don’t have to spread the wealth, and their time, to the other 523 members of congress.

It’s notable that the conservative, anti-tax, Club for Growth so far outpaces the other heavy hitters on the list. Committee member Sen. Pat Toomey (R-PA) is their former president, but John Kyl (R-AZ) also got a generous gift. Many of the donors contributed to multiple members of the committee, i.e. Comcast, GE, and hedge fund company, Elliott Management.

There is one ray of hope and that is for the Super Committee members to demonstrate the famous cowardice of American lawmakers. They could actually deliver a balanced bill that makes targeted cuts and raises revenues from the rich and through the elimination of subsidies and loopholes. By doing so they would throw the ball back to the full congress and make them vote on it. After all, why should the super dozen take all the heat?

In any event, it is imperative that we have an accounting of the financial associations between the committee and their big contributors. In pursuit of that, Common Cause has initiated a campaign to support the Super Committee Sunshine Act (S. 1498), a bill requiring that all campaign and PAC contributions to Super Committee members are disclosed within 48 hours. That’s something all sides of this highly charged process should support.

Mitt Romney: Corporations Are People, My Friend

Posted by on August 12, 2011 at 12:24 am. 5 Comments :

The front-runner for the Republican nomination for president, Mitt Romney, took a courageous stand today in support of the browbeaten, wealthy corporations of America:

That’s right. Corporations are people. They’re born, they live, they dream, they love. And that’s not all…

Soylent Green is people. Corporations are people. And don’t even get me started on Depeche Mode.

It’s about time somebody stood up for the downtrodden multinationals. When will society treat them fairly and allow them to marry and to serve in the armed forces? While they can’t vote, at least they can manipulate elections with their riches because the Supreme Court has ruled that money is speech. And since corporations have more money than “ordinary” people, they get more speech.

Aint Democracy grand? Way to go, Mitt.

Falling Skies? A Perspective On The Gyrating Stock Market

Posted by on August 11, 2011 at 11:41 am. 1 Comments :

Ever since the Tea Party Downgrade, the stock market has been a roller coaster of wild swings. Triple-digit ups and downs have become routine. And throughout, the media, and partisan politicians and pundits, have fretted over impending doom and the end of civilization.

So just to help us keep things in perspective…..

Falling Skies

Neil Cavuto, and others on Fox News, have been relentlessly harping on every scrap of negative news they can find. Glenn Beck and Rush Limbaugh have been predicting London-style riots. But we should not buy into the Fox News pessimism.

The market is up more than 50%, and over 3,000 points, since Barack Obama was inaugurated as president. Corporations in many sectors of the economy are reporting record profits. Does that mean we shouldn’t be concerned about the recent gyrations. Of course not. We still have a serious deficiency of jobs and a severely unbalanced income gap. But at least we should recognize the reality of the big picture.

There is much to be hopeful about, and if Washington will do the right thing – i.e. invest in growth and job creation, and make the rich pay their fair share – we can prevail over hard times. To do that we must fight back against the obstructionism of the TeaPublicans whose only agenda is to enrich their wealthy, corporate contributors and defeat Democrats in 2012.

Fox Nation vs. MoveOn: Indoctrinating Children

Posted by on August 10, 2011 at 11:49 am. 12 Comments :

Fox Nation - MoveOn

The Fox Nation is very upset about an insidiously cute video from MoveOn.org that features kids advocating a Contract for the American Dream. Check out this horrifying example of child abuse for yourself:

Shocking, isn’t it? The gang at Fox & Friends thinks so too. The posting on Fox Nation displays the Fox & Friends segment, not the whole MoveOn video. And the response from the Fox Nationalists is typically restrained – to Nazi references, allegations of Marxist propaganda, and accusations against Obama who had nothing to do with it. For example:

Fox Nation - MoveOn

Of course, no one on the right would ever consider exploiting children for political purposes.

Fox Nation - Move On

Slandering the MoveOn kids as Nazis is standard operating procedure for the right. You only need to go back a couple of weeks to hear Glenn Beck saying that scores of slaughtered kids in Norway are “like the Hitler youth.” By the way, if you haven’t yet protested Beck’s repulsive comments, here is a list of his radio affiliates. Be sure to let them know that you refuse to listen to their station or patronize their advertisers while Beck is on the air.

Conquering Incoherence: Sarah Palin Swings And Misses

Posted by on August 9, 2011 at 10:49 am. 6 Comments :

Sarah PalinIn her latest Facebook treatise, America’s Quitter Queen, Sarah Palin, spoke out on the subject of the nation’s debt crisis and the recent credit rating downgrade. Titled “Conquering the Storm.” Palin attempts to take credit for predicting precisely what she and her Tea Party comrades deliberately created by refusing to negotiate on a balanced approach to debt reduction.

However, in delivering her ever-so-serious platform for economic renewal, she couldn’t help taking a swipe at the man who demolished her dream of being able to quit the Vice-Presidency of the United States of America, Barack Obama. Reaffirming her hostility to higher education and intellectual achievement, Palin mocked Obama’s grasp of the stumbling economy saying…

One doesn’t need a Harvard Law degree to figure this out!

Oh, doesn’t one? How about a Harvard Economics degree? Palin seems to think that the legal curriculum is the path to financial expertise. Her dig at Obama’s education is kind of like saying that one doesn’t need a degree in architecture to figure out marine biology. Technically, it’s true. There is a Dadaist elegance to her pseudo-logic. No wonder she knows so little about the media. Her degree (which took five colleges to acquire) is in journalism instead of farming. And by the way, Obama, who graduated from Harvard Magna Cum Laude, minored in economics.

But Palin isn’t done yet. She expanded on her criticism by belittling the President’s economic agenda as “magical.”

“By what magical thinking did we figure we could run up perpetual trillion dollar deficits and still somehow avoid the unforgiving mathematics of a downgrade?”

Unfortunately, Palin must have missed the news that S&P’s “unforgiving” math was off by $2 trillion dollars, and it was Obama’s economic team that corrected them. Subsequently, S&P had to rewrite their justification of the downgrade replacing economic concerns with political ones because the debt argument no longer satisfied the criteria for a downgrade. And the new political justification is where S&P indicted Palin and the TeaPublicans for their intransigence and resistance to commonsense tax reforms.

Tea Party Downgrade

Palin ignored this criticism to, once again, play the victim:

“Blaming the Tea Party for our credit downgrade is akin to Nero blaming the Christians for burning Rome.”

That’s an interesting allegory because, according to the Morris Dictionary of Word and Phrase Origins, “while the Christians didn’t actually start the fire, they didn’t do much about putting it out either, because they saw it as the sign of the second coming of Christ.” The parallels between this and Palin’s socially conservative congregation are plentiful and disturbingly amusing. It was the Tea Bag Brigades that advocated doing nothing about the debt ceiling and letting the nation go into default.

The remainder of Palin’s Facebooking reads like a broken record of GOP platitudes extolling tax cuts, deregulation, and drilling here, there, and everywhere. She castigates the President for not offering a plan, but her own plan is one that has proven to be a failure. And if she can’t even put together a coherent criticism of her political opponents, how can we trust her to protect America from the terrorist plots of Al Roker?

Rasmussen Poll Asks If The Tea Party Are Terrorists

Posted by on August 8, 2011 at 6:06 pm. 5 Comments :

Tea Party Terrorists

Rassmussen Reports, the official Fox News source for conservatively biased polling, conducted an interesting survey over the weekend that asked:

“Some people have accused the Tea Party of acting like economic terrorists during the budget debates. Are members of the Tea Party economic terrorists?”

I suppose it depends on how you define “economic terrorists.” Would a party that advocates letting the nation default on their debt be considered terrorists? What about a party that asserts that an S&P downgrade would be a good thing (we’ve seen how that worked out)? What about a party that holds a nation hostage in order to force a political agenda down the throats of a populace that opposes the agenda?

Setting aside whether or not we should apply rhetoric like “terrorist” to political adversaries, the result of the poll was that nearly a third (29%) of respondents said that they do regard the Tea Party as terrorists. That’s an astonishing result. Fifty-five percent disagreed and 16% are undecided. That means that nearly half the country believe that the Tea Party are, or might be, terrorists. And remember, this is Rasmussen, the wing-nuttiest of all pollsters.

These results drive home the point I made when I wrote Why Is Anyone Listening To The #@$%*#& Tea Party? It is a discredited constituency that couldn’t fill the back room at an Applebys. Yet for some reason too many in the media and in Washington, including Democrats, take them seriously. That breakdown of mental acuity helped to sap trillions of dollars of wealth from asset markets in the past couple of weeks.

Additionally, the Rassmussen poll shows that…

“…a plurality (43%) of all voters think the Tea Party has made things worse of [sic] the country in the budget debates in Congress. Thirty-two percent (32%) say the Tea Party has made things better for America, and 14% say it’s had no impact. Eleven percent (11%) are undecided.”

Again, this is Rasmussen! If a plurality of voters in a Rasmussen poll think that the Tea Party has made things worse, the real number must be a substantial majority. Consequently, any politician who throws in with the Tea Party is representing a phantom movement and contributing to the harm that these phony radicals are causing.

More likely, they are serving their AstroTurf masters at Americans for Prosperity and other Koch-funded frauds. A good percentage of the millions of dollars that it takes to produce the mirage that is the Tea Party is surely flowing into the campaign accounts of Republicans across the nation. But given the results of this poll, and virtually every other one on the subject, these greedy pols will soon regret their decision.

Is The Murdoch Mob Coming Under FBI Scrutiny?

Posted by on August 8, 2011 at 2:16 pm. 1 Comments :

MurdochalypseAuthor and Rupert Murdoch biographer, Michael Wolff, is reporting that Murdoch and his crime family may be staring down charges under the Racketeer Influenced and Corrupt Organizations Act:

“Among the areas that the FBI is said to be looking at in its investigation of News Corp. are charges that one of its subsidiaries, News America Marketing, illegally hacked the computer system of a competitor, Floorgraphics, and then, using the information it had gleaned, tried to extort it into selling out to News Corp.; allegations that relationships the New York Post has maintained with New York City police officers may have involved exchanges of favors and possibly money for information; and accusations that Fox chief Roger Ailes sought to have an executive in the company, the book publisher Judith Regan, lie to investigators about details of her relationship with New York police commissioner Bernie Kerik in order to protect the political interests of Rudy Giuliani, then a presidential prospect.”

Wolff documents the magnitude of the corruption at News Corp that has become so integral to their corporate culture that they don’t even regard what they’re doing as corrupt. Wolff also notes the mechanism by which Murdoch has evaded justice to date:

“…it’s because the fundamental currency of the company has always been reward and punishment. Both the New York Post and Fox News maintain enemy lists. Almost anyone who has directly crossed these organizations, or who has made trouble for their parent company, will have felt the sting here. That sting involves regular taunting and, often, lies.”

No kidding. Fox News, in particular, brazenly lies about their perceived enemies who include pretty much any Democrat. Certainly President Obama has been the frequent target of dishonest attacks. Currently Media Matters is the victim of a sustained campaign that misstates the law in order to challenge their tax-exempt status. And the Fox-led assaults against ACORN, Climate Change, immigrants, and voting rights have all been subject to the fabrication factory run by Murdoch and company.

The RICO statutes may be just the vehicle to rein in these crooks. Here’s hoping that the legal authorities will crack this case and bring the Murdoch Mob to justice.

S&P Downgrades United States Congress: Thank You Tea Party

Posted by on August 6, 2011 at 4:00 am. 14 Comments :

Tea Party Downgrade

Standard & Poor’s on Friday downgraded the United States Congress. You may have heard media reports that it was the country’s credit rating that was downgraded, but the statement issued by the S&P is unambiguous with regard to their reasons for the downgrade and whom they hold responsible:

[T]he downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges […] The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.

To be sure, the S&P threw in a few references to the outstanding debt and the inadequacy of the remedies contained in last week’s legislation, but their persistent focus on political failings was inescapable. Notwithstanding the challenge from the White House that their math was “fundamentally flawed,” the S&P proceeded with the downgrade because the math isn’t the main driver of their analysis. They made plain that the primary reason for their decision was the bad behavior of the political players and that it is Congress who deserves the downgrade.

Not surprisingly, the American people agree. A new poll from the New York Times/CBS News shows the disapproval rating for Congress at 82%. Breaking that down further reveals bad news for Republicans who were dominated by their tiny Tea Party flank:

  • All told, 72 percent disapproved of the way Republicans in Congress handled the negotiations, while 66 percent disapproved of the way Democrats in Congress handled negotiations.
  • Forty-three percent of Americans now think the Tea Party has too much influence on the Republican Party, up from 27 percent in mid-April.
  • Sixty-three percent of those polled said that they supported raising taxes on households that earn more than $250,000 a year, as Mr. Obama has sought to do — including majorities of Democrats (80 percent), independents (61 percent) and Republicans (52 percent).
  • Forty-four percent said that the deficit was mostly caused by the Bush administration.

The same poll showed President Obama’s approval rating to be more than twice that of the Tea Party. But that didn’t stop Fox News from posting a link to the poll on their Fox Nation web site with a headline that said the exact opposite.

Perhaps it is not within the jurisdiction of the S&P to rate the performance of Congress, but it is difficult to dispute their conclusion. It would be nice if the media analysis of recent weeks in Washington were this astute. Yet the press continues to treat the Tea Party as if it were a popular expression of the people, rather than an AstroTurf invention of wealthy special interests.

The statement from the S&P effectively declares that, were it not for the intransigent extremism of the Tea Party, the country’s credit rating would still be triple-A. And if the press would stop pretending that the Tea Party has any real significance, the country would be better off in a multitude of ways. So thanks to Tea Party dementia and media madness America can proudly enter the 2nd Dip of its Great Recession.

Fox Nation vs. Reality: Obama And The Tea Party

Posted by on August 5, 2011 at 6:28 pm. 6 Comments :

Once again, Fox Nation outright lies in a headline article. The arrogance of the Fox Nationalists is astonishing in that they will brazenly lie even while providing a link to the source data the exposes them as liars.

Fox Nation - Obama and the Tea Party

Here we have Fox Nation headlining that President Obama is more unpopular than the phantom Tea Party. The source is a poll by the New York Times. But if you look at the actual poll results you will find that the truth is exactly the opposite of what the Fox Nationalists are saying. From the Times:

“The public’s opinion of the Tea Party movement has soured in the wake of the debt-ceiling debate. The Tea Party is now viewed unfavorably by 40 percent of the public and favorably by just 20 percent, according to the poll.”

“The president’s overall job approval rating remained relatively stable, with 48 percent approving of the way he handles his job as president and 47 percent disapproving.”

To repeat, 48% approve of Obama while only 20% approve of the Tea Party. That means Obama’s approval is more than twice that of the Tea Party. What’s more, Obama is viewed favorably by slightly more people than view him unfavorably. The Tea Party is viewed unfavorably by twice as many people as view it favorably.

The only way to spin this poll positively for the the Tea Party is to deliberately misconstrue the data by taking into account only the unfavorable numbers as if they existed in a vacuum. The liars at Fox fail to acknowledge that nearly 40% of respondents were undecided or hadn’t heard enough about the Tea Party to have an opinion (more evidence that it is a phantom party). Of the respondents who do have an opinion, they dislike the Tea Party by 2-to-1. If that ratio held as people became more aware of the Tea Party, their unfavorables would shoot up to 66%.

Leave it to Fox to lie to their audience and produce a community characterized by ignorance and wishful thinking. It is this sort of disinformation that creates delusional political factions like the Tea Party in the first place.

[Update 8/17/2011] New polling shows that the Tea Party is even less popular that atheists and Muslims.

Fox News Escalates Its War On Media Matters

Posted by on August 5, 2011 at 4:28 pm. 6 Comments :

Fox News has been engaging in a relentless campaign against Media Matters for more than a month. They began in June with allegations that Media Matters had violated their tax-exempt status by factually covering Fox News broadcasts as well as other right-wing media. The Fox campaign included frequent solicitations on the air (more than 30 times) by Fox anchors beseeching their viewers to file complaints with the IRS challenging Media Matters’ non-profit status. Amongst those participating in the onslaught were Bill O’Reilly, Bret Baier, Steve Doocy, Charles Krauthammer, James Rosen, Ann Coulter, Dick Morris, and Bernie Goldberg.

The latest salvos come from two fronts: 1) An official filing of an IRS complaint against Media Matters by a Fox crony (more on that later), and 2) from the Fox Business Network which has just completed a three-part series on the subject.

The arguments presented by Fox Business were pitifully weak and often contradictory. For instance, the article stated that some of Media Matters’ activities were “not found in the scope of nonprofit tax law.” That’s a contorted argument because the tax law was never meant to include every imaginable activity that might occur. There is nothing in the law that says that an exempt organization can provide Italian food during meetings, but that doesn’t mean they are in violation of the law if they send out for pizza.

The article also quoted Marcus Owens, a former IRS official, as saying that his remarks in defense of Media Matters were misconstrued. The only problem with that is that the article itself quoted Owens explicitly defending Media Matters saying that their activities are “generally protected by the first amendment,” and that they are “not going to jeopardize its tax-exempt status.” So the article is disparaging its own source. It further points out that…

“Media Matters says in its tax returns that it has not engaged in political campaign activities or lobbying. But Media Matters has run items that advocate for legislation, which would violate the tax law if it became a substantial part of the nonprofit’s activities.”

And what does the article regard as “substantial?” A single 2004 posting on the Media Matters web site in support of the Fairness Doctrine. That’s it. Compare that to the Media Research Center’s NewsBusters, a conservative mirror image of Media Matters. NewsBusters conducts persistent campaigns including one in opposition to the Fairness Doctrine. They also have campaigns against immigration, George Soros, and in support of the Tea Party. These are not years-old, isolated efforts. They are current and ongoing. Yet Gray has not filed a challenge to the tax-exempt status of the Media Research Center. Or the Heritage Foundation. Or the U.S. Chamber of Commerce. Or the Tea party’s own Americans for Prosperity and FreedomWorks.

The remainder of the series consists of an abundance of nonsense. It suggests that having tax-exempt status is equivalent to having a government endorsement. It cites an IRS ruling that “a nonprofit will lose its tax-exempt status if, among other things, a significant portion of its communications consist of viewpoints or positions ‘unsupported by facts.'” Of course, Media Matters is notoriously stringent about providing factual support for everything they post.

In addition to Fox News and Fox Business, the Murdoch propaganda family continued piling on Media Matters with articles on Fox Nation that still retain the first position in their “New Stories” section, despite being more than a month old. The Fox Nationalists posted links to a pre-filled-in form that could be printed out and mailed to the IRS. News Corpse has requested information from the IRS on the volume of complaints, if any, they have been receiving in the past month. That request is still pending. However, it may be safe to surmise that the response of the Fox audience was not particularly impressive, because they had to resort to filing their own complaint indirectly via former George H.W. Bush counsel, C. Boyden Gray.

C. Boyden GrayIn filing this complaint, Both Fox and Gray asserted that they are unaffiliated with one another. Gray insisted that he is not representing Fox and is not on the payroll. What they neglected to disclose is that Gray was previously identified as a both a Fox News Supreme Court Analyst and a Fox News contributor. This puts in doubt their claims to being unaffiliated, and it destroys any pretense of transparency.

Gray’s obviously biased perspective is well represented in the letter he sent to the IRS. The core of his complaint is the allegation that Media Matters has “declared war” on a television news channel [Fox News]. Of course the truth is that Fox News had long before declared war on Media Matters. Consequently, Media Matters may just be regarded as defending itself from a powerful, international, media megalith.

Gray’s complaint began with a claim that “Media Matters’s efforts to harm Fox News are intended to weaken the Republican Party.” Gray offers no support whatsoever for that claim. The truth is that Media Matters is merely attempting to demonstrate the bias on the part of Fox News for the GOP. And despite Gray’s charge, every example he cites of Media Matters allegedly attacking Republicans actually show that they are reporting on what others in the media are saying about the party.

Gray also makes a rather incoherent argument that the IRS is somehow violating the free speech rights of Fox News by granting Media Matters tax exempt status. The tortured case he makes seems to be that such status somehow punishes Fox News. Suffice to say that he never explains how, or establishes that Fox News’ rights have been violated in any way.

But the height of Gray’s Inanity is his contention that Media Matters has embarked on an “unsupportable attempt to tie Fox News to the Republican Party.” However, tying Fox News to the Republican Party is about as difficult as tying your shoelaces. The support is overwhelming and includes surveys that show the extreme imbalance of Republicans to Democrats on Fox News. It includes the rampant utilization of talking points directly from GOP sources on one program after another throughout the broadcast day. It includes memos from executive editors directing their anchors and reporters to frame stories favorably to right. It includes the overt hostility and racism that Fox Nation publishes repeatedly.

Setting all of that aside for the moment, it would interesting to hear how Gray would reconcile his assertion that Media Matters is trying to “weaken the Republican Party,” with his assertion that any attempt to tie the party to Fox News is “unsupportable.” If the party and Fox News are unconnected, then how could one be harmed by attacking the other? Gray’s arguments are an endless loop of contradiction. They can’t both be true.

Given a full examination, Gray’s complaint to the IRS is amateurish blather. He fails to prove a single point in his letter. But he does manage to prove that Fox News, and the Murdoch-led News Corp, is a deceitful and unethical enterprise for endeavoring to partner with Gray on this puerile exercise. they are exhibiting their proclivity for bullying their perceived enemies and using their media perch to smear those with whom they disagree. They are a criminal enterprise and should be treated as such. Hopefully the investigations just getting underway will put these gangsters where they belong.