Republicans Speak For The Rich

Yet Again, Republicans Package Tax Cuts for the Rich and Killing off Consumer and Environmental Protections as a "Jobs Plan"
Here is a fact: today when you hear from Republicans you are hearing from Wall Street, giant oil companies, huge multinational firms and a few billionaires, period.

The Republicans The Party Of The Rich

Too Big Too Fail Organized Criminals

HBO's "Too Big To Fail"—I just caught up with it last night; thank you, HBO On Demand—is extraordinarily revealing about the financial crisis. Only its revelations are almost entirely inadvertent.
The movie is set up in the Hollywood conventional way: A gang of misfits, each with a special expertise, is brought together for an impossible mission. There's Treasury Secretary Henry Paulson, steely eyed at the moment of truth. There's New York Federal Reserve head Timothy Geithner, the athlete (he doesn't just jog, but also plays what appears to be squash). And then there's Federal Reserve chairman Ben Bernanke, the professor with a heart of gold and secret knowledge of the Great Depression.

             

Related Articles

The ‘Subsidy’: How a Handful of Merrill Lynch Bankers Helped Blow Up Their Own Firm

by Jake Bernstein and Jesse Eisinger, ProPublica, Dec. 22

Banks’ Self-Dealing Super-Charged Financial Crisis

by Jake Bernstein and Jesse Eisinger, ProPublica, Aug. 26

The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going

by Jesse Eisinger and Jake Bernstein, ProPublica, April 9

Ostensibly it's a story of their success against all odds. Michael Kinsley, reviewing the movie in the New York Times, labeled Hank Paulson [1] the "hero" of the account.
Except that the movie actually depicts something entirely different: failure upon failure. "Too Big To Fail" The Movie isn't the story of how the Three Musketeers saved the global economy. It's a story of how the three didn't see the financial crisis coming; hadn't prepared for it; made mistake after mistake as it was cresting; and then, in their moment of triumph, made their most colossal blunder of all.
That, it turns out (whether or not "Too Big To Fail" knows it), is the true story of the financial crisis.
How much did Curtis Hanson and the writers mean for that to be the story? Throughout, the characters drop hints about their missteps, but the plot unfolds like a financial "Die Hard," with our intrepid heroes battling fiendishly powerful forces toward a happy ending. (Full disclosure in this era of transparency: I write a regular column [2] for DealBook, the New York Times section edited by Andrew Ross Sorkin, the reporter upon whose book [3] the movie was based.)


The Big Banks Abuse Of Power Too Big Too fail

Louisiana Birther Bill To Restrict Voter Partication

Back in April, two Louisiana state Republican legislators introduced a “birther” bill, clearly to score some political points and try to make themselves relevant, I suppose. Specifically, the measure required that any presidential candidate seeking to be on the Louisiana ballot would need to swear out an affidavit that he was in fact a U.S. citizen, then offer a birth certificate to validate the claim.

Less than a week later, the office of Gov. Bobby Jindal (R) said he would sign the bill if it made it to his desk.

I have just one question surrounding this issue. Are you serious?

Why Louisiana? Other states are considering similar measures, so the foolishness of such a move is not lost solely down on the Bayou. But come on folks. Don’t the state’s lawmakers have enough to worry about with unemployment, high gas prices and other pressing domestic concerns to be moving legislation that will not improve one life inside its borders? Not to mention the ongoing cleanup from the BP oil spill that continues to haunt every major industry along the Gulf.

Racism Is The Cultural Of Mental Illness That's Ripping The USA Apart

On Ending Corporate Welfare

In a scene reminiscent of the congressional hearing where tobacco company executives innocently denied that nicotine is addictive, oil company executives solemnly told Congress last week that their exorbitant profits are no big deal. One even suggested that closing big oil’s tax loopholes is somehow “un-American.”

Read more: http://www.miamiherald.com/2011/05/15/2216184/on-tax-fairness-and-loopholes.html#ixzz1MTpnnck1

Close Corporate Loopholes End Corporate Welfare

Bin Laden Death Adds to Bulls’ Clout After Europe, Quake

Yesterday’s market reaction was “basically noise,” Lee said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “It’s positive because people have been avoiding stocks because they think they’ve been risky, and part of it is global security. This is going to basically really boost inflows into stocks.”

Shares Decline

U.S. stocks retreated yesterday, pulling the Standard & Poor’s 500 Index down 0.2 percent to 1,361.22 after it reached the highest level since June 2008. Yields on 10-year notes fell one basis point, or 0.01 percentage point, to 3.28 percent at 5:11 p.m. in New York, according to Bloomberg Bond Trader prices, after rising as much as three basis points.



Bin Laden's Death Will Boost Stock Profits

America's Poor Twice As Likely To Say U.S. Is In A Depression: Gallup

Corporatio­ns have become the new kingdoms, Their CEOs The Feudal Kings, Their Corporate Executive Officers live like a Prince. They control politician­s, the mainstream media, and they’re trying to control the global. Their main focus is profits at all cost, they want to paralyze the masses, to prevent us from organizing­, and from mobilizing­. They use Racism, and Entertainm­ent to divert our attention from what is really happening in the world; to divide and conquer us to submit to their will.
Read the Article at HuffingtonPost

Mayors To Washington: Stop Fooling Around, Help Us Create Jobs

Let's call it what it is; Washington politician­s have become islands on to themselves­. They no longer response to the cries of the people. They've sold their souls to GREEDY CEOs, and global corporatio­ns. They fight for Reagan Trickle Down Economics Theory "give more to the rich they're the job creators." My only question is where are the jobs? China is now the second largest economy in the world, and will pass the US OF A as number 1 by 2016. That's where the jobs are along with Korea, India, and Viet Nam; Since 2001 we have closed 50 thousand factories in the US OF A because of Unfair Free Trade Agreements­. Yet, our politician­s in Washington are not willing to discuss this. We have 25 million unemployed­, 1 in 5 children go to sleep hungry, and we have exposing health-car­e cost; this is an outrage. Our states are nearly bankrupt, our infrastruc­ture is crumbling, our education is still producing factory workers, and our justice system is corrupted, our judges our seeking their personal financial interest. This leaves us out in the snow freezing to death.
Read the Article at HuffingtonPost