Showing posts with label plutocrats. Show all posts
Showing posts with label plutocrats. Show all posts

Saturday, December 31, 2011

How Anti-American Conservatives Hijacked Rage Over the Economic Collapse and Swindled America
























How Anti-American Conservatives Hijacked Rage Over the Economic Collapse and Swindled America

In his new book, “Pity the Billionaire,” Tom Frank turns his mordant eye on the unlikeliest political development of the Obama presidency: how the crash of 2008 served to strengthen the political right. The deregulation of Wall Street, championed for 30 years by right-wing leaders, had led to an economic catastrophe so frightening that the country elected a liberal Democrat to the presidency. Yet two years later, the most conservative faction of the Republican Party, the Tea Party, had taken effective control of the House of Representatives, the regulation of Wall Street had stalled, and the champions of economic deregulation in Washington had emerged stronger than ever.

Frank, author of the bestselling book “What’s the Matter With Kansas?” provides a pithy and nuanced explanation of what he calls the “hard-times swindle.” He spoke with Salon from his father’s home in Kansas City, Mo.

Early in the book, you describe the moment in the spring of 2009 when free-market economics had been so thoroughly discredited that Newsweek could run a cover story proclaiming, “We’re all socialists now.” What happened? Why did that moment dissipate?

I saw that cover so many times [at Tea Party events]. For these people, that rang the alarm bell. I think the AIG moment [when the bailed-out insurance behemoth used taxpayer relief to dole out huge bonuses to its executives] was in some ways the high point of the crisis, when [the politics] could have gone either way. There was this amazing public outrage, and that for me was the turning point. Newsweek had another cover, “Thinking Man’s Guide to Populism,” and I remember this feeling around the country, that people were just furious. Somehow the right captured the sense of anger. They completely captured it. You could say they had no right to it, but they did. And one of the reasons they were able to do it was because the liberals were not interested in that anger.

I’m speaking here of the liberal culture in Washington, D.C. There was no Occupy Wall Street movement [at that time] and there was only people like me on the fringes talking about it. The liberals had their leader in Barack Obama … they had their various people in Congress. But these people are completely unfamiliar with populist anger. It’s an alien thing to them. They don’t trust it, and they have trouble speaking to it. I like Barack Obama, but at the end of the day he’s a very professorial kind of guy. The liberals totally missed the opportunity, and the right was able to grab it.

Looking back on it, I feel like people like myself were part of the problem. We sort of assumed with the Democrats in power, the system would correct itself.

One of the problems with liberalism in this country is that it’s headquartered in Washington and its leaders are a very comfortable class of people. Washington is one of the richest cities in the country, maybe the richest. It’s not a place that feels the crisis, that feels the economic downturn. By and large, the real estate market stayed OK. The city continued to boom. The contracts continued to flow. What we’re talking about here is the failure of modern liberalism. At one time it was a movement of working-class people. The idea that liberals wouldn’t feel economic pain was ridiculous. That’s who liberals were. No more.

You write that after Obama took office, “market populism was the only utopian scheme available to disgruntled Americans.” There was no liberal utopian scheme that said, “Here’s how we get out of this.”

There wasn’t even a Rooseveltian scheme, which was not utopian but very practical. Just to talk about Roosevelt would have been fantastic. One of the research points in the book that I thought was really interesting … was the history of the bailouts in 1932 and 1933 — when the Hoover administration did a lot of bailouts. We don’t remember that. [These bailouts] were massively unpopular for the same reason they were unpopular this time around: really blatant cronyism. We don’t remember that a big part of Franklin Roosevelt’s campaign [in 1932] was to be against these bailouts. There were maybe five newspaper articles in 2008 that mentioned this pre-history of the bailouts. It just never came up.

It was like the party’s muscle memory of the New Deal was lost. With Obama the muscle memory of the Democratic Party is the Clintonian technocracy of the 1990s.

That’s exactly right. Their message was: The technocratic way is going to solve our problems. Just leave it up to the experts who are going to figure a way out. [Obama and the Democrats]  seemed to think they didn’t need to dirty their hands by making a populist appeal. They did a lot of good things — the stimulus package of 2008 was good thing — but they didn’t realize you have to sell something like that. They were like, “We know what the answer is: Keynesian stimulus. So let’s just do it.” They didn’t understand that this nation only adopted Keynesian stimulus spending back in the 1930s amidst this terrible wrenching experience, the Depression, and an enormous campaign [by FDR] to tell the nation why this was necessary.

If you don’t sell it — if you just do this spending — well, people have a lot of suspicion of government handouts. Government debt bothers people for very obvious reasons. [Obama] didn’t make any effort to make the argument. It was just “listen to the experts.” I have a quote from [Obama economic advisor] Christy Roemer where she says, “Things would be better if we listened to the experts.” And she’s one of the good guys, one of the best people in the Obama administration. That’s their view.

You have an interesting discussion about how the Tea Party movement mimics what was once the left-wing style. This seems to be the dominant mode: The right is saying, “We’re the revolutionaries. We’re taking on the powers that be.”

At first I thought it was a peculiarity of Glenn Beck, and then I noticed it across the board. They picked up this 1930s style and language, complete with utopianism, with this intense faith in an economic system that will solve all your problems and that represents you perfectly, this miraculous economic system … So [the right] is constantly talking about this infernal elite that controls  government, controls corporations, and controls the academy, and that we have to wrench ourselves free.

So maybe it is true that the Obama technocracy is the infernal elite. Maybe not in the hellish way it is portrayed on the right, but in the sense that these are the defenders of bailouts, the defenders of the system.

I wouldn’t go too far with that, because I don’t think that is a way of understanding our modern world that can bear a lot of the weight. It is true that the Democrats completely imagine themselves as being the party of the professional class, and that is an elite. It’s not the elite, but it is an elite. The Democrats very definitely identify with academia. That’s the home of the professions, where they come from.

Still, I think that the conservative idea of revolting against the ruling class by holding up the market as an ideal is completely backwards. There is a ruling class in this country. But the notion that the free market is an act of rebellion against it seems pretty fanciful.  I can say it stronger than that. It is absolutely preposterous.

At one point you talk about “a cognitive withdrawal from the shared world.” It seems like the modern digital communication revolution encourages this. “A cognitive withdrawal from the shared world” — that sounds like a description of the Internet.

This is where we’re going. You can now believe things that are demonstrably false and never be challenged, directly or indirectly. You can withdraw. That’s the end that the Internet is constantly pushing us toward. That’s what modern marketing is all about.

So it’s a technological phenomenon, but it’s also an ideological phenomenon, a product of the times we’re in. You saw this in the ’30s, especially on the left. People would be so committed to this economic utopia [communism]. They believed in it, and their faith in it was so great … It is a product of economic collapse. People are desperate. They think their entire way of life is crumbling around them, and they reach for … a utopian system where everything is explained.

This is the genius of Fox News. It is fun to watch, and if you agree with them, it’s very gratifying to watch — and on a level deeper than most TV entertainment. The message is “You’ve worked really hard. You played by the rules and now they’re disrespecting you. They won’t let you say the word ‘Christmas.’”

You finished this book around the time Occupy Wall Street started. Were you surprised by the emergence of the movement?

I was surprised. I thought the left’s moment had passed. That was almost exactly three years after the crash of September 2008, and it seemed like the expiration date had come and gone. I’m very pleased, but in a lot of ways the horse has already left the barn.

Is it possible for the Occupy movement to reverse the gains of the right?

I hope so, but I honestly don’t know. At the end of the day I doubt it. My liberal friends have been doubting the right for decades. They’re always saying, “There’s no way these guys can recover now after this screw-up. People will never come back to them after this.” But they keep coming back.

The right does seems to be a little bit on the defensive at the moment. The dominant narrative of last summer — government spending is the problem — has been lost. Occupy Wall Street has injected a change in discourse. People aren’t defensive when they talk about inequality.

Tell me about it. When I started writing about inequality 10 years ago, it … was not something for NPR Book Talk. It was not quite within the bounds of the acceptable. Now it is. And that’s a huge change.

The main thing that has to change is that Democrats and liberals have to be able to speak to the outrage, and that requires a complete change in the way they look at the world. The problem is that they’ve been going the other direction for 30 years. Ever since the right-wing backlash began, liberals have been making their own move to professionalism. [To voice outrage] would require them to reverse course. I would like to see that happen, but I don’t know how it’s going to happen.

I think one thing has happened: Middle-class or upper-middle-class liberals in Washington, all of a sudden we realize we are insecure. The system is not just screwed up for people out there who we sympathize with. It’s screwed up for us. Economic insecurity is now pervasive even in the professional class.
To be fair the economic stimulus did work - it stopped the economy from hemorrhaging the loss of 700,000 jobs a month. One third of it was tax cuts. It was Keynes-lite. It should have been bigger. We might have as much as a one or two percent improvement in unemployment if Conservatives stopped blocking every job creation measure.

Monday, December 5, 2011

Proto-Fascist Website Newsbusters Continue Factless Smear of EPA























Proto-Fascist Website Newsbusters Continue Factless Smear of EPA

In a hard-hitting* interview with Senator Jim Inhofe (R-OK), Newsbusters' Noel Sheppard opened by asking:

Lisa Jackson Source: EPA

    Well, I'm sure you saw EPA chief Lisa Jackson was named Energy Policy Maker of the Year by Politico last night. And I quote, "The EPA chief has been a forceful advocate on environmental issues and has held the line against intense Republican attacks on her agency." Is this kind of like Time picking Hitler or Khomeini as Man of the Year - whoever had the most impact whether for good or ill?

Later, Sheppard alleged that Jackson is "trying to set policy without oversight by the legislature" based on the "anthropogenic global warming myth."

In fact, it was the Supreme Court that ruled that the EPA is required to regulate greenhouse gases under the bipartisan Clean Air Act unless it "it determines that greenhouse gases do not contribute to climate change" or "provides some reasonable explanation as to why it cannot or will not exercise its discretion to determine whether they do." Following extensive review of peer-reviewed scientific literature, which overwhelmingly concludes that global warming is caused by human-induced emissions of greenhouse gases, the EPA found that greenhouse gases classify as a pollutant under the Clean Air Act.

Newsbusters' questions fit into a conservative media narrative that demonizes Lisa Jackson and grossly mischaracterizes EPA's actions to address climate change.

*From the interview:

    NEWSBUSTERS: If Margaritas were the official drink in Cancun, what would you and I be drinking if we were in Durban right now?

    INHOFE: Well, I don't know what they're serving in Durban, but I'm not going so I don't have to worry about it.

    NEWSBUSTERS: Great. Anything else you want to tell our readers before I let you go, Senator?

    INHOFE: No, I don't think so. I'm just glad, so thankful, Noel, that you and a handful of other people are keeping this alive, because as I say, this would be the most devastating economic blow in this country, and they're trying to do it. They're not going to give up. And even if Obama is long gone, there are going to be people trying to do this. So it's a very important issue we've got to keep alive, and you're the kind of guy that is willing to do that, and I appreciate it.

    NEWSBUSTERS: Well, you know we've been fighting with you right from the start, and we'll continue the fight.

    INHOFE: I know that. We're both doing the Lord's work, Noel.

    NEWSBUSTERS: Yes sir. Well, Senator, thank you for your time, and I'm going to say Merry Christmas with an underline.

A bit of surreal theater - a proto-Fascist website interviews one of, if not the most scientifically illiterate members of the Senate to get his gut feelings about issues of which he has shown no rational knowledge. Inhofe has confused his fantasies with rational knowledge so many times, if he was just an ordinary person indeed of a right-wing senator, he'd probably be committed to a home for the pathetically mentally deficient.

Study finds climate changes faster than species can adapt. Science and progress marches on as Newsbusters and Inhofe try to take the world back to the good old news where people believed flies spontaneously appeared out of dirty piles of rags.

Thursday, December 1, 2011

Incredible, Here We Are in The 21st Century and All The Republican Presidential Candidates Are Recycling Discredited Justification For More Inequality



















Incredible, Here We Are in The 21st Century and All The Republican Presidential Candidates Are Recycling Discredited Justification For More Inequality 

This originally appeared on Robert Reich's blog.

What kind of society, exactly, do modern Republicans want? I’ve been listening to Republican candidates in an effort to discern an overall philosophy, a broadly-shared vision, an ideal picture of America.

They say they want a smaller government but that can’t be it. Most seek a larger national defense and more muscular homeland security. Almost all want to widen the government’s powers of search and surveillance inside the United States – eradicating possible terrorists, expunging undocumented immigrants, “securing” the nation’s borders. They want stiffer criminal sentences, including broader application of the death penalty. Many also want government to intrude on the most intimate aspects of private life.

They call themselves conservatives but that’s not it, either. They don’t want to conserve what we now have. They’d rather take the country backwards – before the 1960s and 1970s, and the Environmental Protection Act, Medicare, and Medicaid; before the New Deal, and its provision for Social Security, unemployment insurance, the forty-hour workweek, and official recognition of trade unions; even before the Progressive Era, and the first national income tax, antitrust laws, and Federal Reserve.

They’re not conservatives. They’re regressives. And the America they seek is the one we had in the Gilded Age of the late nineteenth century.

It was an era when the nation was mesmerized by the doctrine of free enterprise, but few Americans actually enjoyed much freedom. Robber barons like the financier Jay Gould, the railroad magnate Cornelius Vanderbilt, and the oil tycoon John D. Rockefeller, controlled much of American industry; the gap between rich and poor had turned into a chasm; urban slums festered; women couldn’t vote and black Americans were subject to Jim Crow; and the lackeys of rich literally deposited sacks of money on desks of pliant legislators.

Most tellingly, it was a time when the ideas of William Graham Sumner, a professor of political and social science at Yale, dominated American social thought. Sumner brought Charles Darwin to America and twisted him into a theory to fit the times.

Few Americans living today have read any of Sumner’s writings but they had an electrifying effect on America during the last three decades of the 19th century.

To Sumner and his followers, life was a competitive struggle in which only the fittest could survive – and through this struggle societies became stronger over time. A correlate of this principle was that government should do little or nothing to help those in need because that would interfere with natural selection.

Listen to today’s Republican debates and you hear a continuous regurgitation of Sumner. “Civilization has a simple choice,” Sumner wrote in the 1880s. It’s either “liberty, inequality, survival of the fittest,” or “not-liberty, equality, survival of the unfittest. The former carries society forward and favors all its best members; the latter carries society downwards and favors all its worst members.”

Sound familiar?

Newt Gingrich not only echoes Sumner’s thoughts but mimics Sumner’s reputed arrogance. Gingrich says we must reward “entrepreneurs” (by which he means anyone who has made a pile of money) and warns us not to “coddle” people in need. He opposes extending unemployment insurance because, he says, ”I’m opposed to giving people money for doing nothing.”

Sumner, likewise, warned against handouts to people he termed “negligent, shiftless, inefficient, silly, and imprudent.”

Mitt Romney doesn’t want the government to do much of anything about unemployment. And he’s dead set against raising taxes on millionaires, relying on the standard Republican rationale millionaires create jobs.

Here’s Sumner, more than a century ago: “Millionaires are the product of natural selection, acting on the whole body of men to pick out those who can meet the requirement of certain work to be done… It is because they are thus selected that wealth aggregates under their hands – both their own and that intrusted to them … They may fairly be regarded as the naturally selected agents of society.” Although they live in luxury, “the bargain is a good one for society.”

Other Republican hopefuls also fit Sumner’s mold. Ron Paul, who favors repeal of Obama’s healthcare plan, was asked at a Republican debate in September what medical response he’d recommend if a young man who had decided not to buy health insurance were to go into a coma. Paul’s response: “That’s what freedom is all about: taking your own risks.” The Republican crowd cheered.

In other words, if the young man died for lack of health insurance, he was responsible. Survival of the fittest.

Social Darwinism offered a moral justification for the wild inequities and social cruelties of the late nineteenth century. It allowed John D. Rockefeller, for example, to claim the fortune he accumulated through his giant Standard Oil Trust was “merely a survival of the fittest.” It was, he insisted “the working out of a law of nature and of God.”

Social Darwinism also undermined all efforts at the time to build a nation of broadly-based prosperity and rescue our democracy from the tight grip of a very few at the top. It was used by the privileged and powerful to convince everyone else that government shouldn’t do much of anything.

Not until the twentieth century did America reject Social Darwinism. We created the large middle class that became the core of our economy and democracy. We built safety nets to catch Americans who fell downward through no fault of their own. We designed regulations to protect against the inevitable excesses of free-market greed. We taxed the rich and invested in public goods – public schools, public universities, public transportation, public parks, public health – that made us all better off.

In short, we rejected the notion that each of us is on his or her own in a competitive contest for survival.

But make no mistake: If one of the current crop of Republican hopefuls becomes president, and if regressive Republicans take over the House or Senate, or both, Social Darwinism is back.

That conservatives continue to espouse anti-egalitarian views and wrapping themselves in the flag, and sometimes the Bible is not without ironic humor. None of these people could compete in a pure merit based society. Newt used elected office to make contacts with corporate America and charge millions for lobbying, not for producing well made goods or quality services. Bachmann has collected farm subsidies and Medicaid. Mitt has used every government tax loophole and tax subsidy available, and he started life with a silver spoon in his mouth. Herman Cain came from a modest background, but once he made it into corporate America's boardrooms he has been coasting ever since. These people could not survive without standing on the accomplishments of others. Mitt never made anything, he bought and sold businesses and made a lot of people jobless. Ron Paul started life with a family that was prosperous for its time, he had tons of advantages over millions of other, smarter Americans. 

Monday, November 21, 2011

The richest 20 percent of Americans own more than 80 percent of the country’s wealth



















Occupy the Agenda

YOU have to wonder: Could Mayor Michael Bloomberg and police chiefs around the country be secretly backing the Occupy Wall Street movement?

The Occupy protests might have died in infancy if a senior police official had not pepper-sprayed young women on video. Harsh police measures in other cities, including a clash in Oakland that put a veteran in intensive care and the pepper-spraying of an 84-year-old woman in Seattle, built popular support.

Just in the last few days, Bloomberg — who in other respects has been an excellent mayor — rescued the movement from one of its biggest conundrums. It was stuck in a squalid encampment in Manhattan’s Zuccotti Park: antagonizing local residents, scaring off would-be supporters, and facing months of debilitating snow and rain. Then the mayor helped save the demonstrators by clearing them out, thus solving their real estate problem and re-establishing their narrative of billionaires bullying the disenfranchised. Thanks to the mayor, the protests grew bigger than ever.

I watched in downtown Manhattan last week as the police moved in to drag off protesters — and several credentialed journalists — and the action seemed wildly over the top. Sure, the mayor had legitimate concerns about sanitation and safety, but have you looked around New York City? Many locations aren’t so clean and safe, but there usually aren’t hundreds of officers in riot gear showing up in the middle of the night to address the problem.

Yet in a larger sense, the furor over the eviction of protesters in New York, Oakland, Portland and other cities is a sideshow. Occupy Wall Street isn’t about real estate, and its signal achievement was not assembling shivering sleepers in a park.

The high ground that the protesters seized is not an archipelago of parks in America, but the national agenda. The movement has planted economic inequality on the nation’s consciousness, and it will be difficult for any mayor or police force to dislodge it.

A reporter for Politico found that use of the words “income inequality” quintupled in a news database after the Occupy protests began. That’s a significant achievement, for this is an issue that goes to our country’s values and our opportunities for growth — and yet we in the news business have rarely given it the attention it deserves.

The statistic that takes my breath away is this: The top 1 percent of Americans possess a greater net worth than the entire bottom 90 percent, according to an analysis by the Economic Policy Institute.

A new study by Michael I. Norton of Harvard Business School and Dan Ariely of Duke University polled Americans about what wealth distribution would be optimal. People across the board thought that the richest 20 percent of Americans should control about one-third of the nation’s wealth, and the poorest 20 percent about one-tenth.

In fact, the richest 20 percent of Americans own more than 80 percent of the country’s wealth. And the poorest 20 percent own one-tenth of 1 percent.

It would be easier to accept this gulf between the haves and the have-nots if it could be spanned by intelligence and hard work. Sometimes it can. But over all, such upward mobility in the United States seems more constrained than in the supposed class societies of Europe.

Research by the Economic Mobility Project, which explores accessibility to the American dream, suggests that the United States provides less intergenerational mobility than most other industrialized nations do. That’s not only because of tax policy, which is what liberals focus on. Perhaps even more important are educational investments, like early childhood education, to try to even the playing field. We can’t solve inequality unless we give poor and working-class kids better educational opportunities.

The Occupy movement is also right that one of the drivers of inequality (among many) is the money game in politics. Michael Spence, a Nobel Prize-winning economist who shares a concern about rising inequality, told me that we’ve seen “an evolution from one propertied man, one vote; to one man, one vote; to one person, one vote; trending to one dollar, one vote.”
If the average American is feeling a powerless it is because despite legally having the same one vote as each of people like the right-wing billionaire Kock brothers, they can and do buy the legislation they want. Democrayc has almost become an illusion in the U.S. because the 1% have an agenda, that agenda is acted upon. What is good for the average American worker has become just so much background noise.

Wednesday, November 9, 2011

Shocker a Republican Speaks Commonsense - Gingrich Admits Deregulation Of Wall Street In The ’90s Was ‘Probably A Mistake’





















Shocker a Republicans Speaks Commonsense - Gingrich Admits Deregulation Of Wall Street In The ’90s Was ‘Probably A Mistake’

Several of the GOP’s 2012 presidential hopefuls have called — loudly and often — for the repeal of the Dodd-Frank financial reform law, which is aimed at preventing a repeat of the 2008 financial crisis. But with the possible exception of Rep. Michele Bachmann (R-MN), no one has been more adamantly in favor of ditching Dodd-Frank than Newt Gingrich.

Gingrich claims that Dodd-Frank is “killing the banking industry,” and says that job creation will be sparked by simply repealing the bill and letting Wall Street go right back to the same shenanigans that led the nation into the Great Recession. But during an interview today with ABC News’ Jake Tapper, Gingrich admitted that the 1990s repeal of the Glass-Steagall Act — the firewall between commercial and investment banks — was “probably a mistake”:

    TAPPER: One question I want to ask has to do with your call to repeal the Wall Street reforms, Dodd-Frank. I don’t think a lot of Americans would understand why anyone would want to repeal regulations that happened after this calamity on Wall Street. If you disagree with those regulations that were imposed, do you agree at least that there should be some new reforms or regulations?

    GINGRICH: Sure, there should be very decisive reforms. I think, in retrospect, repealing the Glass-Steagall Act was probably a mistake. We should probably reestablish dividing up the big banks into a banking function and an investment function and separating them out again.



The repeal of Glass-Steagall led to the creation of mega-banks like Citigroup and JP Morgan Chase that combine traditional lending with risky investment banking. Many economists believe that the repeal led to the financial crisis of 2008. “As a result [of the repeal], the culture of investment banks was conveyed to commercial banks and everyone got involved in the high-risk gambling mentality. That mentality was core to the problem that we’re facing now,” said Nobel Prize winning economist Joseph Stiglitz.

Though he had resigned by the time the final blow was dealt to Glass-Steagall in 1999, Gingrich was instrumental in picking it apart. In fact, the New York Times noted in 1998 that, during a failed attempt to repeal Glass-Steagall, Gingrich “scurried through the afternoon to line up the necessary votes” in favor of repeal.

Reinstating Glass-Steagall would require breaking up the biggest banks, a step much further than Dodd-Frank embraced ....

Because of the repeal of Glass-Steagall we had 12 too big to fail banks before the Wall Street meltdown or Great Recession. Guess how many there are now. Seven. Anyone think our economy is better off with what amounts to corporate socialism. Every conservative running for president, with the exception of Newt ( and he may get so much heat for this from the conservative base he retracts his statements) is against reinstating Glass-Steagall and dividing the banks into smaller competitive enterprises. Republicans in Congress are adamantly opposed to creating a more competitive capitalistic system for the big banks.

Tuesday, November 1, 2011

Teacher Assessments? Fine, But Let's have Some Assessment of Corporate America As Well




















Teacher Assessments? Fine, But Let's have Some Assessment of Corporate America As Well

It has been more than a week ago since I stood in Times Square penned in behind barricaded fences in a sea of tens of thousands protesters at the Occupy Wall Street rally. As an education blogger, I was on the lookout for teachers when I saw a man with a large yellow sign that read, “Teachers Want Corporate America Assessed.”   [ Schools Matter)] In the past year, three newly established grassroots education movements have been organized as parents, teachers, and citizens begin to focus on ending the reign of terror in schools. The fight, however, is just beginning.

The message was loud and clear -- it is time for educators to turn the table on the corporations and politicians and begin evaluating, measuring and assessing their performance. Here are some well-known statistics: 25 million people are out of work or underemployed, 50 million people have no access to health insurance and one in five children in the U.S. is living in poverty, with four of every ten black children living in poverty. Everyone but the wealthy has become part of corporate America's collateral damage, and the country appears poised on the brink of calamity. So far the protests have been relatively peaceful, but unless the deep and widespread concerns jar loose some real change, if history is any guide, the anger and outrage will not remained contained.

Despite the potential consequences of joining in the protests (like being fired), teachers are also standing up and participating in the OWS movement. Teachers have finally had enough. After years of blame for students’ low test scores in a country that has no accountability for the perpetrators of endless wars and the economic meltdown that make teaching evermore challenging, teachers are beginning to loudly call out those in power and to reclaim their voices that have been muffled by years of threats and sanctions.

Since its inception in 2002, teachers have known that No Child Left Behind was bad policy, but no one was listening or even cared. In fact, anyone who voiced opposition was accused of engaging the “bigotry of low expectations,” even though today’s officialdom now acknowledges the criticism of impossible testing targets was, in fact, true.  

Four years ago, Richard Rothstein of the Economic Policy Institute summarized his findings on NCLB. Research showed the damage to American education by NCLB included

    Conversion of struggling elementary schools into test-prep factories;
    Narrowing of curriculum so that disadvantaged children who most need enrichment would be denied lessons in social studies, the sciences, the arts and music, even recess and exercise, so that every available minute of the school day could be devoted to drill for tests of basic skills in math and reading;
    Demoralization of the best teachers, now prohibited from engaging children in discovery and instead required to follow pre-set instructional scripts aligned with low-quality tests;
    Boredom and terror among young children who no longer looked forward to school but instead anticipated another day of rote exercises and practice testing designed to increase scores by a point or two.

What a difference a few years makes. OWS has catalyzed a long overdue conversation about the abuses of corporate power and, it is the spark that has also ignited the pent-up anger and frustration brewing in the education community for a decade. The pushback against corporate abuse in all areas of our lives, including education, is well underway and gaining momentum. ( continued at link).

Teachers do not seem to be as intractable about making changes as corporate America or the conservative apologists who play fake populist games while they protect the lazy financial elite. The Founders invested the power in the people not the country club set.

Wednesday, October 12, 2011

Why Have OWS protesters been attacked? Who Really Owns The NYPD? Turns Out It's Not Such A Rhetorical Question


















Why Have OWS protesters been attacked? Who Really Owns The NYPD? Turns Out It's Not Such A Rhetorical Question

I wrote last week about the multi-million dollar contribution to the NYPD from JPChase, but it turns out the corporate influence goes much deeper than that. Pam Martens, an activist who successfully sued the NYPD after her arrest for handing out leaflets about corruption at Citibank, tells us a lot of things we didn't know about the relationship between the NYPD and Wall Street, and it's jawdropping information:

    If you’re a Wall Street behemoth, there are endless opportunities to privatize profits and socialize losses beyond collecting trillions of dollars in bailouts from taxpayers. One of the ingenious methods that has remained below the public’s radar was started by the Rudy Giuliani administration in New York City in 1998. It’s called the Paid Detail Unit and it allows the New York Stock Exchange and Wall Street corporations, including those repeatedly charged with crimes, to order up a flank of New York’s finest with the ease of dialing the deli for a pastrami on rye.

    The corporations pay an average of $37 an hour (no medical, no pension benefit, no overtime pay) for a member of the NYPD, with gun, handcuffs and the ability to arrest. The officer is indemnified by the taxpayer, not the corporation.

    New York City gets a 10 percent administrative fee on top of the $37 per hour paid to the police. The City’s 2011 budget called for $1,184,000 in Paid Detail fees, meaning private corporations were paying wages of $11.8 million to police participating in the Paid Detail Unit. The program has more than doubled in revenue to the city since 2002.

    The taxpayer has paid for the training of the rent-a-cop, his uniform and gun, and will pick up the legal tab for lawsuits stemming from the police personnel following illegal instructions from its corporate master. Lawsuits have already sprung up from the program.

Apparently the city doesn't bother to insure the NYPD for liability, saying it's cheaper to shell out for settlements. (Here's a guy who was strong-armed by those private detail cops for daring to attempt to use the bathroom during a 9/11 tribute at a Yankees game. Wonder how much that cost the city? In the past decade, the NYPD has paid almost a billion dollars in legal settlements.)

    When the program was first rolled out, one insightful member of the NYPD posted the following on a forum: “… regarding the officer working for, and being paid by, some of the richest people and organizations in the City, if not the world, enforcing the mandates of the private employer, and in effect, allowing the officer to become the Praetorian Guard of the elite of the City. And now corruption is no longer a problem. Who are they kidding?”

    [...] When the infamously mismanaged Wall Street firm, Lehman Brothers, collapsed on September 15, 2008, its bankruptcy filings in 2009 showed it owed money to 21 members of the NYPD’s Paid Detail Unit. (A phone call and email request to the NYPD for information on which Wall Street firms participate in the program were not responded to. The police unions appear to have only scant information about the program.)

    Other Wall Street firms that are known to have used the Paid Detail include Goldman Sachs, the World Financial Center complex which houses financial firms, and the New York Stock Exchange.

    [...] On September 8, 2004, Robert Britz, then President and Co-Chief Operating Officer of the New York Stock Exchange, testified as follows to the U.S. House Committee on Financial Services:

    “…we have implemented new hiring standards requiring former law enforcement or military backgrounds for the security staff…We have established a 24-hour NYPD Paid Detail monitoring the perimeter of the data centers…We have implemented traffic control and vehicle screening at the checkpoints. We have installed fixed protective planters and movable vehicle barriers.”

    Military backgrounds; paid NYPD 24-7; checkpoints; vehicle barriers? It might be insightful to recall that the New York Stock Exchange originally traded stocks with a handshake under a Buttonwood tree in the open air on Wall Street.

    In his testimony, the NYSE executive Britz states that “we” did this or that while describing functions that clearly belong to the City of New York. The New York Stock Exchange at that time had not yet gone public and was owned by those who had purchased seats on the exchange – primarily, the largest firms on Wall Street. Did the NYSE simply give itself police powers to barricade streets and set up checkpoints with rented cops? How about clubbing protesters on the sidewalk?

    [...] Police Commissioner Ray Kelly may also have a soft spot for Wall Street. He was formerly Senior Managing Director of Global Corporate Security at Bear, Stearns & Co. Inc., the Wall Street firm that collapsed into the arms of JPMorgan in March of 2008.

    There has also been a bizarre revolving door between the Wall Street millionaires and the NYPD at times. One of the most puzzling career moves was made by Stephen L. Hammerman. He left a hefty compensation package as Vice Chairman of Merrill Lynch & Co. in 2002 to work as Deputy Commissioner of Legal Matters for the NYPD from 2002 to 2004. That move had everyone on Wall Street scratching their head at the time. Merrill collapsed into the arms of Bank of America on September 15, 2008, the same date that Lehman went under.

    Wall Street is not the only sector renting cops in Manhattan. Department stores, parks, commercial banks and landmarks like Rockefeller Center, Jacob Javits Center and St. Patrick’s Cathedral have also participated in the Paid Detail Unit, according to insiders. But Wall Street is the only sector that runs a private justice system where its crimes are herded off to secret arbitration tribunals, has sucked on the public teat to the tune of trillions of dollars, escaped prosecution for the financial collapse, and can put an armed municipal force on the sidewalk to intimidate public protestors seeking a realignment of their democracy.

    We may be learning a lot more in the future about the tactics Wall Street and the NYPD have deployed against the Occupy Wall Street protestors. The highly regarded Partnership for Civil Justice Fund has filed a class action lawsuit over the approximately 700 arrests made on the Brooklyn Bridge on October 1. The formal complaint and related information is available at the organization’s web site, www.JusticeOnLine.org.

    The organization was founded by Carl Messineo and Mara Verheyden-Hilliard. The Washington Post has called them “the constitutional sheriffs for a new protest generation.”

    The suit names Mayor Bloomberg, Police Commissioner Kelly, the City of New York, 30 unnamed members of the NYPD, and, provocatively, 10 unnamed law enforcement officers not employed by the NYPD:

        Defendants JOHN or JANE DOES 31 - 40 are unidentified law enforcement officials, officers or agents who, although not employed by the NYPD, did engage in joint action with the NYPD and its officials, officers and agents to cause the mass false arrest of the plaintiff class.

    I contacted Martens for clarification. She said the attorneys seem to believe the FBI and/or Secret Service may have had a presence in or around the protest. Martens has also filed a "sunshine" request under NY state laws to see how many of the 30 NYPD referenced in the lawsuit were working for Wall Street that day.

Most cops are decent hard working Americans, but this would not be the first time that wealthy private interests have paid the police to be on their side. The irony will come when the NYPD union goes on strike and they need the support of these same protesters.

Monday, October 10, 2011

Why Steve Jobs Was A Good Capitalist and Wall Street Are Bad Capitalists





































Steve Jobs, Occupy Wall Street, and the Capitalist Ideal

The Occupy Wall Street movement has reopened a fundamental debate about capitalism and the role of government, and the death of Steve Jobs clarifies some of the questions at stake. For the right, Jobs and Apple serve as the handiest metaphor for the genius of the private sector (and the failure of government). Mitt Romney likes to wave around his iPhone, a metaphor for capitalism, and accuse President Obama of employing a “pay phone strategy,” a metaphor for government.

National Review deputy managing editor Kevin Williamson likewise counterposes the brilliance of Apple with the ugliness of government:


    I was down at the Occupy Wall Street protest today, and never has the divide between the iPhone world and the politics world been so clear: I saw a bunch of people very well-served by their computers and telephones (very often Apple products) but undeniably shortchanged by our government-run cartel education system. And the tragedy for them — and for us — is that they will spend their energy trying to expand the sphere of the ineffective, hidebound, rent-seeking, unproductive political world, giving the Barney Franks and Tom DeLays an even stronger whip hand over the Steve Jobses and Henry Fords. And they — and we — will be poorer for it.
    And to the kids camped out down on Wall Street: Look at the phone in your hand. Look at the rat-infested subway. Visit the Apple Store on Fifth Avenue, then visit a housing project in the South Bronx. Which world do you want to live in?


Personally, I want to live in a world in which it is possible to ride the subway down to the Apple Store. Preferably without stepping over the bodies of people dying of easily treatable diseases for lack of insurance.

Is that such a difficult concept? Apparently it is. The liberal vision of modified capitalism has always been flanked on both sides by a right and a left that agree that capitalism is indivisible. The socialists and the free market absolutists agree that it’s all or nothing — if you object to the worst features of capitalism, you object to all of capitalism, and we must keep it all or scrap it.

It’s currently an open question whether Occupy Wall Street will ultimately take the form of an anti-capitalist movement. There is a long, grim history of left-wing movements being hijacked by their most radical elements, which are usually the most organized and fanatical. For one example of this hijacking, take a gander at this “collective statement” from the protestors in Zuccotti Park. It’s filled with Marxist drivel. (“They have used the military and police force to prevent freedom of the press. … They purposefully keep people misinformed and fearful through their control of the media. … They have perpetuated colonialism at home and abroad.”) The point is that corporations are responsible for all the world's ills, and the only conclusion is that we must do away with them all.

On the other hand, the intellectual influences most apparent in the movement are those of advocates of regulated capitalism, like Joe Stiglitz. There is a reason the movement is called “Occupy Wall Street,” not “Occupy Main Street” or “Occupy Silicon Valley.” It is no doubt because most of the participants, or sympathizers, understand that Wall Street is not the same thing as free enterprise — that it is one element that, unlike Apple, poses a unique threat to the functioning of the free marketplace.

If you define the problem as “corporations,” then you lose the capacity to make these distinctions. For an example of this same analytic trap on the right, return to another bit from Williamson’s National Review essay:

    The beauty of capitalism — the beauty of the iPhone world as opposed to the world of politics — is that that question does not matter one little bit. Whatever drove Jobs, it drove him to create superior products, better stuff at better prices. Profits are not deductions from the sum of the public good, but the real measure of the social value a firm creates. Those who talk about the horror of putting profits over people make no sense at all. The phrase is without intellectual content. Perhaps you do not think that Apple, or Goldman Sachs, or a professional sports enterprise, or an internet pornographer actually creates much social value; but markets are very democratic — everybody gets to decide for himself what he values.



Hold it right there. You see what he did? He made capitalism indivisible again. We were nodding our heads at the way Apple and sports teams and Internet porn fulfills the basic free-market model, offering consumers a wanted good for the market-supplied price, and Williamson snuck Goldman Sachs onto the list. The whole liberal argument is that Goldman Sachs is not like those other things. It is not a case of one person selling a gadget to another person, with nobody else impacted. It creates externalities. One person sells a financial product to another person, and soon we have systemic risk affecting hundreds of millions of people who are not party to the transaction.

That is why we have millions of jobless, and millions more struggling to survive. There are measures to address that problem, which would also allow corporations to reap enormous profits. Will Occupy Wall Street, as a movement, understand this?

 There are many reasons Wall Street bankrupted the country. One of them is because they are modeled on the crony capitalism model that makes conservatives and right-wing libertarians drool at the mouth. Wall Street did not pause to do what was right or moral, they acted like conservatives and right-wing libertarians, only asking themselves if what they were doing with the nations' wealth would make them richer.

Thursday, October 6, 2011

Top 5 Reasons Why The Occupy Wall Street Protests Might Work To Make The Lives of Every American Better




















Top 5 Reasons Why The Occupy Wall Street Protests Might Work To Make The Lives of Every American Better

2011: Demonstrators stage civil disobedience protests against corporate control of America. 1773: Protester boards an East India Trading Company ship, dumps tea.
In recent years, the Boston Tea Party has been associated with a right-wing movement that supports policies favoring powerful corporations and the wealthy. As ThinkProgress has reported, lobbyists and Republican front groups have driven the current manifestation of the Tea Party to push for giveaways to oil companies and big businesses.

However, the Occupy Wall Street demonstrations picking up momentum across the country better embody the values of the original Boston Tea Party. In the late 18th century, the British government became deeply entwined with the interests of the East India Trading Company, a massive conglomerate that counted British aristocracy as shareholders. Americans, upset with a government that used the colonies to enrich the East India Trading Company, donned Native American costumes and boarded the ships belonging to the company and destroyed the company’s tea. In the last two weeks, as protesters have gathered from New York to Los Angeles to protest corporate domination over American politics, a true Tea Party movement may be brewing:

    1.) The Original Boston Tea Party Was A Civil Disobedience Action Against A Private Corporation. In 1773, agitators blocked the importation of tea by East India Trading Company ships across the country. In Boston harbor, a band of protesters led by Samuel Adams boarded the corporation’s ships and dumped the tea into the harbor. No East India Trading Company employees were harmed, but the destruction of the company’s tea is estimated to be worth up to $2 million in today’s money. The Occupy Wall Street protests have targeted big banks like Goldman Sachs, Bank of America, as well as multinational corporations like GE with sit-ins and peaceful rallies.

    2.) The Original Boston Tea Party Feared That Corporate Greed Would Destroy America. As Professor Benjamin Carp has argued, colonists perceived the East India Trading Company as a “fearsome monopolistic company that was going to rob them blind and pave the way maybe for their enslavement.” A popular pamphlet called The Alarm agitated for a revolt against the East India Trading Company by warning that the British corporation would devastate America just as it had devastated South Asian colonies: “Their Conduct in Asia, for some Years past, has given simple Proof, how little they regard the Laws of Nations, the Rights, Liberties, or Lives of Men. [...] And these not being sufficient to glut their Avarice, they have, by the most unparalleled Barbarities, Extortions, and Monopolies, stripped the miserable Inhabitants of their Property, and reduced whole Provinces to Indigence and Ruin.”

    3.) The Original Boston Tea Party Believed Government Necessary To Protect Against Corporate Excess. Smithsonian historian Barbara Smith has noted that Samuel Adams believed that oppression could occur when governments are too weak. As Adams explained in a Boston newspaper, government should exist “to protect the people and promote their prosperity.” Patriots behind the Tea Party revolt believed “rough economic equality was necessary to maintaining liberty,” says Smith. Occupy Wall Street protesters demand a country that invests in education, infrastructure, and jobs.

    4.) The Original Boston Tea Party Was Sparked By A Corporate Tax Cut For A British Corporation. The Tea Act, a law by the British Parliament exempting tea imported by the East India Trading Company from taxes and allowing the corporation to directly ship its tea to the colonies for sale, is credited with setting off the Boston Tea Party. The law was perceived as an effort by the British to bailout the East India Trading Company by shutting off competition from American shippers. George R.T. Hewes, one of the patriots who boarded the East India Trading Company ships and dumped the tea, told a biographer that the East India Trading Company had twisted the laws so “it was no longer the small vessels of private merchants, who went to vend tea for their own account in the ports of the colonies, but, on the contrary, ships of an enormous burthen, that transported immense quantities of this commodity.” Occupy Wall Street demands the end of corporate tax loopholes as well as the enactment of higher taxes on billionaires and millionaires.

    5.) The Original Boston Tea Party Wanted A Stronger Democracy. There is a common misconception that the Boston Tea Party was simply a revolt against taxation. The truth is much more nuanced, and there were many factors behind the opposition to the East India Company and the British government. Although the colonists resented taxes levied by a distant British Parliament, in the years preceding the Tea Party, the Massachusetts colony had levied taxes several times to pay for local services. The issue at hand was representation and government accountable to the needs of the American people. Patrick Henry and other patriots organized the revolutionary effort by claiming that legitimate laws and taxes could only be passed by legislatures elected by Americans. According to historian Benjamin Carp, the protesters in Boston perceived that the British government’s actions were set by the East India Trading Company. “As Americans learned more about the provisions of the new East India Company laws, they realized that Parliament would sooner lend a hand to the Company than the colonies,” wrote Carp.

Progressive political movements, from Martin Luther King to Mahatma Gandhi, have drawn on the original American Boston Tea Party for inspiring civil disobedience against oppression. Indeed, the very first Boston Tea Party was truly radical and faced scorn from elites and conservatives of the era.

Wall Street is the truly powerful. The protesters are just average Americans who have worked hard or want a job to work hard. While there are obviously historical precedents for the common people overcoming the entrenched establishment for economic and social justice, the odds are against the OccupyWallStreet folks. These deep pocked financial interests are what one writer called the "powers that be". No one with so much power has ever given it up easily.

Thursday, June 30, 2011

Ha Ha Ha Now That's Funny - The Right-wing Conservative Propagandists and Serial Liars Called American Crossroads Says it is "grassroots"



















Ha Ha Ha Now That's Funny - The Right-wing Conservative Propagandists and Serial Liars Called American Crossroads Says it is "grassroots"

The IRS filing of American Crossroads, an outside 527 group that was conceived by Rove and ex-RNC chair Ed Gillespie, gives a good taste of who is funding the GOP effort to make big gains in the House and Senate come the fall. The group has already burned through $600,000 on ads attacking Senate Majority Leader Harry Reid, who is facing a reelection contest against Republican Sharron Angle (see one of the spots below). Chaired by another ex-RNC chair, Mike Duncan, American Crossroads has pledged to raise $50 million to beat Democrats in the midterms and has been seen by some as a competitor to the Republican National Committee itself.

And despite the group's description of itself as "grassroots," Salon's review of its IRS filings show that four billionaires have contributed 97 percent of the $4.7 million it has raised to date. There are no limits on how much corporations, unions, and individuals can donate to 527 groups. Here's a guide to American Crossroads' four donors:

    Trevor Rees-Jones, president of Dallas-based Chief Oil and Gas, gave a $1 million donation to American Crossroads just as the group was starting in April. That's small money for Rees-Jones, who, Forbes estimated in 2009, amassed a $1.5 billion fortune investing in gas prospects around America. He has also been a big donor to John McCain and the Texas Republican Party, Politico reported.
     Bradley Wayne Hughes, chairman of Public Storage Inc, is American Crossroads' biggest donor, contributing $1.55 million to date. Hughes founded Public Storage in 1972 and the company has grown into a self-storage behemouth with over 2,000 locations. Worth $3.9 billion, he lives in Lexington, KY, where he actively raises thoroughbred horses at Spendthrift Farm. (Hughes' son, B. Wayne Hughes Jr., is on the board of former Senator Norm Coleman's new conservative group, the American Action Network.)
     A company called Southwest Louisiana Land LLC donated $1 million to American Crossroads in June. It turns out Southwest, which doesn't have much of a public footprint, is owned by Dallas billionaire investor Harold Simmons -- no stranger to conservative causes. Since the 1980s, he has ponied up for everthing from Oliver North's defense fund, to Newt Gingrich's PAC, to the Swift Boat Veterans for Truth in 2004, to the American Issues Project, a group that ran ads attempting to tie Obama to Bill Ayers in 2008 (Simmons was the sole funder of the Ayers effort, giving nearly $3 million.) Simmons is worth $4.5 billion.
     TRT Holdings, owned by Dallas' Robert Rowling, gave American Crossroads $1 million. Rowling, whose firm owns Omni Hotels and Gold's Gym, got started at his father's successful company, Tana Oil & Gas. He's now worth $4.4 billion. In 2004 Rowling gave $1 million to Progress for America, an outside group backing President Bush's reelection.

It's also important to note that American Crossroads has set up a partner organization called  American Crossroads GPS that, because it has a different tax status, does not have to reveal any donor information and is also more limited in spending its money on campaigns (Politico has more on this). American Crossroads GPS took in over $5 million in June, and we'll likely nver know who is putting up the money.

[UPDATED]Virtually all of the $4.7 million raised by Karl Rove's new conservative outfit was contributed by just four billionaires, three of whom are based in Dallas, Texas, and two of whom made their fortune in the oil and gas industry.
C-Roads is currently running ads around the country that - wait for it - are fact free. Somehow facts like Republicans were responsible for the Great Recession, the Recession started on Bush's watch, the TARP and auto company bailouts were started by push and voted for by the vast majority of Republicans in both Houses is left out. They leave out that Bush's two unpaid for wars and the Bush tax cuts are responsible for the vast majority of the current deficit. They leave out that the rate of unemployment started to nose dive under Bush and that Republic economic policies cost the nation about $17 trillion dollars in wealth. In other words C-Raods and its billionaires are propagandists who want to convince the nation the years 2000 to 2008 - when for six of those years Republicans controlled all three branches of government, never happened.