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TOPIC: "The Perfect Storm" (Robert Reich, 10/18/10)


Diamond

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"The Perfect Storm" (Robert Reich, 10/18/10)
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Read @ RobertReich.org

(Emphasis added)

The Perfect Storm
MONDAY, OCTOBER 18, 2010


It’s a perfect storm. And I’m not talking about the impending dangers facing Democrats. I’m talking about the dangers facing our democracy.


First, income in America is now more concentrated in fewer hands than it’s been in 80 years. Almost a quarter of total income generated in the United States is going to the top 1 percent of Americans.

The top one-tenth of one percent of Americans now earn as much as the bottom 120 million of us.


Who are these people? With the exception of a few entrepreneurs like Bill Gates, they’re top executives of big corporations and Wall Street, hedge-fund managers, and private equity managers. They include the Koch brothers, whose wealth increased by billions last year, and who are now funding tea party candidates across the nation.


Which gets us to the second part of the perfect storm. A relatively few Americans are buying our democracy as never before. And they’re doing it completely in secret.

Hundreds of millions of dollars are pouring into advertisements for and against candidates  — without a trace of where the dollars are coming from.
They’re laundered through a handful of groups. Fred Malek, whom you may remember as deputy director of Richard Nixon’s notorious Committee to Reelect the President (dubbed Creep in the Watergate scandal), is running one of them. Republican operative Karl Rove runs another. The U.S. Chamber of Commerce, a third.

The Supreme Court’s Citizens United vs. the Federal Election Commission made it possible. The Federal Election Commission says only 32 percent of groups paying for election ads are disclosing the names of their donors. By comparison, in the 2006 midterm, 97 percent disclosed; in 2008, almost half disclosed.

We’re back to the late 19th century when the lackeys of robber barons literally deposited sacks of cash on the desks of friendly legislators. The public never knew who was bribing whom.


Just before it recessed the House passed a bill that would require that the names of all such donors be publicly disclosed. But it couldn’t get through the Senate. Every Republican voted against it. (To see how far the GOP has come, nearly ten years ago campaign disclosure was supported by 48 of 54 Republican senators.)

Here’s the third part of the perfect storm. Most Americans are in trouble. Their jobs, incomes, savings, and even homes are on the line. They need a government that’s working for them, not for the privileged and the powerful.

Yet their state and local taxes are rising. And their services are being cut. Teachers and firefighters are being laid off. The roads and bridges they count on are crumbling, pipelines are leaking, schools are dilapidated, and public libraries are being shut.


There’s no jobs bill to speak of.
No WPA to hire those who can’t find jobs in the private sector. Unemployment insurance doesn’t reach half of the unemployed. 


Continues @
RobertReich.org


=======================

This is the BIGGEST BLUE LIGHT SALE ON DEMOCRACY.... The corporations are buying democracy, one advertisement at a time.  The Senate sure appears to be entirely already in the pockets of the Corporate world.  How long do you think it will be before the ENTIRE congress is in the pocket of the corporations... when you witness the rate at which we are being hit with political advertisements sponsored by corporations?

I think the Supreme Court of the US has totally failed our democracy.



The middle class will pay heavily through the nose for this failure... and the population will further split into the haves and havenots as more middle class slips into poverty.

And in the meanwhile, there is no JOBS BILL. Trust the Secretary of LABOR under Pres.Bill Clinton to alert us to that.  He was the architect of more jobs under Pres.Clinton. 

And we are heading into a Congress that is nicely in the pocket of the corporations.

And the fact about Corporations in the midst of this perfect storm?

The U.S. Corporations are VERY HAPPY with their profit bottomlines and even happier to invest their profits in cheaper labor countries around the world.  Hey, it enriches their bottomline!  Shareholder interests, remember?? 

Who is looking out for the U.S. Employees?? 

Who is the current Secretary of Labor?  Remember Hilda Solis?  What is she doing lately??

Almost a quarter of total income generated in the United States is going to the top 1 percent of Americans.

And we dont want to tax the rich??  We do not want to restore to Pres.Clinton's tax structure (with allowing Bush tax-cuts for the rich to expire without renewal)??  How are we going to pay for the basic humane services for all the people who are slipping into unemployment and worse yet, into poverty?


-- Edited by Sanders on Friday 22nd of October 2010 10:47:04 PM

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Platinum

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Why is it that these kind of articles NEVER discuss the heavy dollars from the unions?

I have a question.  Do the union members get to choose who they want their union membership dollars to go to or do the union leaders make it an arbitrary decision by them?

To me, when it comes to BIG BUSINESS, unions rank right up there.

BTW, should any union whose industry was bailed out by our tax dollars be allowed to make campaign contributions?

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Diamond

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No, I dont like ANY kind of corporate financing of elections.

But the Supreme Court has spoken. The Corporations have the same right.

But you and I as individual donors - if we donate to campaign, our name is out there in reports with date, amount, who is our employer...

Corporations (including unions which are a type of corporation) donating and putting out advertisements --  their money, their voice is HUGE... and yet, their advertisement does not end with "I approved this message" from their CEO.  You do not know the soruce of funds behind the corporations.  When a non-profit corporationi funds these advertisements, you do not know who is behind them at all.. so many are in vague sounding websites.. we dont even know who is behind the entity and who is footing their bill or funding their expenses.

As for Senators, all are already in the pocket of corporations (of all kinds) to foot their bills and advertisements. They proved it already.  If Tea Partiers think special interests and pork will go down as a result of this evoluation -- Dream on!

My focus here (today) though has been on jobs amidt this perfect storm.

I hope the Unions and the U.S. Secretary of Labor (who we seem to be not hearing anything from) find new ways to retain jobs in the US as companies making and selling stuff happily take their U.S. profits and invest it to expand their non-US operations.

But it seems that we have ended up with democracy sliding into plutocracy, thanks to the Supreme Court of all institutions.


-- Edited by Sanders on Friday 22nd of October 2010 11:04:18 PM

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

Madam Secretary Blog at ForeignPolicy.com
Project Vote Smart - Stay informed and engaged!


Moderator

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This from Mother Jones follows the money of well financed senators:

Who Owns Congress?
(snip)

The Senate: Lawyers, Drugs, and Money


Sen. Charles Schumer (D-N.Y.)
Terms: 2 (9 in House)
Total raised: $62.2 million, 27% from finance, insurance, and real estate (FIRE)
Top donors: A major defender of Wall Street interests before the crash, Schumer has netted more big bank money than any member of Congress who hasn't run for president.

Sen. Scott Brown (R-Mass.)
Terms: 1
Total raised: $17 million, 7% from FIRE
Top donors: In the special election to fill Ted Kennedy's seat, Brown's biggest donors were Fidelity Investments, Bain Capital (Mitt Romney's old firm), and Credit Suisse. But—whoops!—he voted for the financial regulation bill.

Sen. Mitch McConnell (R-Ky.)
Terms: 5
Total raised: $37.2 million, 14% from FIRE
Top donors: The top Senate Republican's most generous contributors have been US Smokeless Tobacco—now part of Altria, née Philip Morris—and Brown-Forman, the maker of Jack Daniel's. Cheers!

Sen. Harry Reid (D-Nev.)
Terms: 4 (2 in House)Total raised: $35.4 million, 17% from lawyers and lobbyists
Top donors: 5 out of the majority leader's top 10 lifetime donors are casinos or gambling interests. The industry has bet more than $1.7 million on him, plus $1.3 mil on fellow Nevada Sen. John Ensign.

Sen. Barbara Boxer (D-Calif.)
Terms: 3 (5 in House)
Total raised: $75.3 million, 7% from lawyers and lobbyists
Top donors: Boxer is Hollywood's favorite member of Congress (aside from Sen. John Kerry). Her second-biggest donor is Time Warner; Disney is sixth.

Sen. Saxby Chambliss (R-Ga.)
Terms: 2 (4 in House)
Total raised: $31.8 million, 12% from agribusiness
Top donors: The ranking member of the ag committee has never met a federal farm subsidy he didn't like. He just happens to be Congress' second-most bountiful recipient of agribusiness cash.

Sen. James Inhofe (R-Okla.)
Terms: 4 (4 in House)
Total raised: $16.2 million, 13% from energy and natural resources
Top donors: Inhofe, who's declared that "man-induced global warming is an article of religious faith," has received more money from Koch Industries than any other company. The oil firm has given nearly $25 million to climate-change denial groups.


This groups house members according to their primary donors:

The House: Big Labor vs. Big Money

The House
SECTOR | # OF MEMBERS

Labor  159

Finance, insurance, and real estate  159

Health  26

Agribusiness  23

Lawyers and lobbyists  20

Miscellaneous business  18

Energy and natural resources  10

Defense  7

Transportation  6

Communications and electronics  4

Construction  1

Unfilled seats  2
Total seats | 435

Rep. David Obey (D-Wisc.)
Terms: 21
Total raised: $10.8 million, 21% from labor
Top donors: The chair of the appropriations committee and a subcommittee with oversight of labor matters, is the House's second-biggest recipient of union cash. Obey's retiring in the face of a challenge from Real World star Sean Duffy.


Lots more information at this link:

http://motherjones.com/politics/2010/09/congress-corporate-sponsors




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It was we, the people; not we, the white male citizens; nor yet we, the male citizens; but we, the whole people, who formed the Union.... Men, their rights and nothing more; women, their rights and nothing less.  ~Susan B. Anthony



Diamond

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freespirit, wow, that's quite remarkable.

I find the differences of influences between House and Senate quite interesting.  It shows the extent of influence these groups are buying into our legislative process to tip the scale in favor of their respective corporate interests. 

The Senate

sen-interest-diagram.jpg

SECTOR | # OF MEMBERS


senate-dot-legend-finance.gif
Finance, insurance, and real estate  57
senate-dot-legend-lawyers.gif Lawyers and lobbyists  25
senate-dot-legend-health.gif
Health  5
senate-dot-legend-agribusiness.gif Agribusiness  3
senate-dot-legend-labor.gif Labor  2
senate-dot-legend-energy.gif
Energy and natural resources  2
senate-dot-legend-misc-business.gif Miscellaneous business  2
senate-dot-legend-electronics.gif Communications and electronics  1
senate-dot-legend-no-money.gif
No money raised  3

Total seats | 100


THE HOUSE

rep-interest-diagram.jpg

 

SECTOR | # OF MEMBERS


reps-dot-legend-labor.gif
Labor  159
reps-dot-legend-finance.gif Finance, insurance, and real estate  159
reps-dot-legend-health.gif Health  26
reps-dot-legend-agribusiness.gif
Agribusiness  23
reps-dot-legend-lawyers.gif
Lawyers and lobbyists  20
reps-dot-legend-misc-business.gif Miscellaneous business  18
reps-dot-legend-energy.gif Energy and natural resources  10
reps-dot-legend-defense.gif Defense  7
reps-dot-legend-transportation.gif Transportation  6
reps-dot-legend-electronics.gif Communications and electronics  4
reps-dot-legend-construction.gif Construction  1
reps-dot-legend-unfilled-seats.gif Unfilled seats  2

Total seats | 435


So, Labor has the House and Lawyers and Lobbyists have the Senate.

The charts are even more interesting when you consider that Senators have 6-year term and never overhauls all at once, and the House Reps have 4 year term as well as the House overhauls at once every four years (like this year).  So, the House influences were "bought" at once (almost except for a few here and there), four years ago.  The percentages of sector influence across Senate and House and the relative raio of sector influence within the House and the Senate are also quite interesting.  Worth studying a bit more.. I'll revisit this.

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
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Platinum

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The House members have 2-year terms, Sanders.

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Diamond

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Thank you VH.

I wonder how much damage they can cause in one two year period - if the senate also turns Republican... as we know the Dems in the Senate are already in the pocket of the corporations.  Their most recent vote absolutely proves the extent of corporate influence.

I am really very concerned.  I think the supreme court decision on corporate funding and nonprofit funded advertisements has totally defeated individual voice and broadly opened the door for misinformation society.  If Hillary runs today, the movie Hillary that the nonprofit had made would kill her candidacy - not because it has truth, but because it has so much horsepower in advertising dollars that it can drown the message of her accomplihments.  This is just a terrible thing that the supreme court has pulled on this society.

Just look at the map.  That corporations totally rule us going forward.

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

Madam Secretary Blog at ForeignPolicy.com
Project Vote Smart - Stay informed and engaged!


Platinum

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I think we can look at the last two years and all the HOR members that road in on the coattails of Obama in 2008 to know how much damage can occur.

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Diamond

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This time around the extent of corporate influence is far worse I am afraid.

I just looked at the company contributions summary in Fundrace on Huffpo (scroll down).  Most of them have contributed to the same party as they did in 2008; all have contributed to both sides (and all seem to have scaled back) except Chevron and Wells Fargo that have made MAJOR donations to GOP.  Now, these company donations do NOT include nonprofit donations -- those are not reported, and their sources are also not reported.  A lot of nonprofits derive their funds from for-profit entities and that contribution is not captured in the Fundrace summary..

So, the seating map of corporate and lobbyist influences shown above is just a small part of the story.  Hm.. wish they had actually shown the dollar amounts that went into campaigns and campaign advertising funded by corporations as well as nonprofits on the same seating map.  That would really tell the story.



-- Edited by Sanders on Sunday 24th of October 2010 01:13:11 AM

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

Madam Secretary Blog at ForeignPolicy.com
Project Vote Smart - Stay informed and engaged!


Platinum

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Sanders, I trust HuffPo's impartiality as much as I trust our news media as a whole for impartiality.

We all can find sources to back any position we want.  HuffPo is a poor choice as they are so biased in their "reporting".

I am going to be very frank and honest with you.  You have lost credibility with me tonight when you didn't know the most fundamental of American politics.  That a House member's term is two years.  This is a question on the immigration test that they must pass to become a citizen.  But you as a citizen didn't know that.

You are pushing an agenda here and that is your right as a member of this board just as I do. 

I know I am going to catch all sorts of hell for this...but I am tired of those that don't know the most fundamentals of how our government operates telling us how it should operate.

HillarysGirl, I will understand if you need to ban me for this.


-- Edited by VotedHillary on Sunday 24th of October 2010 02:25:01 AM

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Don't blame me...I voted HILLARY!

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Diamond

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VH, Fundrace is fed from FCC report of campaign contribution. The numbers are roll up from reported categories.  If they did the rollup, yeah, I would not trust much.

Yes, I got confused on the years. As I wrote it I did pause for a while.  I am not an expert on US Politics, but I try to learn all I can. What I could not recall is if all had turned over in 2008.  Honestly, I was not much into US politics before the 2008 elections - just your basic average voter. Not even involved in local politics.. but that sure changed in 2008, but my focus there was on the national election. I have been interested more in Senate action than the House... but I often call my House Rep and gave input on proposed legislation - that I often do.   Our current House Rep is new; previous one was there for a long time before he retired.  If I had thought abotu it more I woudl have known; the current guy got elected in 2008 - Hillary campaigned for him and he is up for re-election.  I think it is the senate terms and the backfills that I got confused with the House.   As a registered independent voter, I used to vote more Dem than Repub but it was always a choice based on who is on the ballot up and down the ballot.    And, I have only voted in the U.S. since the 1990's.


I am a big proponent of democracy - one person one vote principal.  That needs to be in letter and spirit, unfortunately that balance is being shifted greatly by the corporate interests.  Having been born and raised in (another) democracy, I thought the U.S. democracy is the better model..  There are pros and cons in both.  The U.S. 2-party system has its disadvantages and the India multi-party system had its own set of headaches. 


As to the spread of numbers in the above seating, what surprised me (and I should have expected it) is the heavy focus of lobbyists on the senate. The FIRE sector is not taking any chances and has put heavy influence on both the Houe and the Senate. I wanted to find more on dollar amounts, but could not.

I think democracy is worth protecting. I have significant concern that our democracy is totally being sucked into moneyed corporations that are channeling money through nonprofits.  This bother me greatly.  


I hope Hillary runs in 2012, and I hope she can raise a lot of money.  I just saw three of Jen's posts that give me a bit more hope on Hillary running. If she does, and the nonprofit movie is not tossed at her to hurt her, we might be safe afterall.

The saddest part is we dont know which sources to trust anymore.  I for one visit all kinds of news media to get data.  And, no, I dont like conclusions from Huffpo.  Data sourced from FCC is the best we can do at this point, and I think the seating thing that we got is also derived from FCC reported data. 


-- Edited by Sanders on Sunday 24th of October 2010 03:24:08 AM

__________________
Democracy needs defending - SOS Hillary Clinton, Sept 8, 2010
Democracy is more than just elections - SOS Hillary Clinton, Oct 28, 2010

Madam Secretary Blog at ForeignPolicy.com
Project Vote Smart - Stay informed and engaged!
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