BP has decided that it’s done with that “responsibility thang.”
In an op-ed article this month in Gulf Coast newspapers, John Mingé, the chairman of BP America, highlighted the coast’s record tourism numbers, emphasized the $27 billion BP had spent and dismissed environmentalists skeptical of the gulf’s recovery as advocates using the spill “to raise money for their causes.”
They took a lot of credit in their PR for their continuing resolve to stick with the clean-up after they damn near destroyed the whole Gulf Of Mexico. They were, they said, “committed to returning the Gulf to its previous greatness” Or words to that effect repeated again…and again and again…over the past years. Until now. Continue reading
Barack Obama’s support for corporate trade goals, no matter how unethical and/or borderline illegal, is nothing new. His early and lasting backing of the Panama trade deal – a stellar performance wherein he convinced Democrats to vote for a bill which made it legal for US corporations to violate US law – was a brilliant part of his strategy to move the Democrat party onto Wall Street.
So it was no surprise to anyone familiar with his history that he has been appointing hired Wall Street guns – or goons – to write his TransPacific Trade Policy. Nor is it surprising that he has had nothing to say against their “former” companies paying them for writing and negotiating the deal.
Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from CitiGroup and Bank of America, financial disclosures obtained by Republic Report show.
Stefan Selig, a Bank of America investment banker nominated to become the Under Secretary for International Trade at the Department of Commerce, received more than $9 million in bonus pay as he was nominated to join the administration in November. The bonus pay came in addition to the $5.1 million in incentive pay awarded to Selig last year.
Michael Froman, the current U.S. Trade Representative, received over $4 million as part of multiple exit payments when he left CitiGroup to join the Obama administration. Froman told Senate Finance Committee members last summer that he donated approximately 75 percent of the $2.25 million bonus he received for his work in 2008 to charity. CitiGroup also gave Froman a $2 million payment in connection to his holdings in two investment funds, which was awarded “in recognition of [Froman’s] service to Citi in various capacities since 1999.”
Do I have to explain what this means? How their companies are basically paying these guys in advance to continue promoting their interests even as they pretend to work for the govt? Or that Obama just about had to be working hand-in-glove with these corporations to come up with these guys’ names in the first place? Or that these payments are a measure of how deeply corrupt our system is now?
That’s what I thought.
For a long time I have been listening to liberals and progs talk as if something has gone wrong with the system and if we could just adjust this or tweak that, everything would be hunky-dory. They understand that the Republicans are out of control, the corporations are in control, and the financial sector calls the shots. What they consistently refuse to do is admit that those three sectors are and have been working together for 30 years or that the fourth of the united sectors consists of Third Way Democrats. Here’s a recent Krugman.
[W]e had our own version of the sorta-kinda left utterly failing to take on austerian macroeconomics in the United States – President Obama’s “pivot” from jobs to deficits, which actually began in 2009, back when Democrats still controlled both houses of Congress.
Sounds like a policy switch on Obama’s part, doesn’t it? Only it isn’t. In his famous keynote speech at the ’04 Dem convention, Obama was careful to eschew any too left-leaning rhetoric that might dismay corporate backers; just before the ’08 election, Obama met secretly with some of the most powerful financiers on Wall Street; and one of his early acts as president was to name an anti-deficit commission to which he appointed a number of powerful and long-term opponents of Social Security including Pete Peterson.
Seen from that angle, not so much a pivot as a straight line. Krugman seems to think the Dems are just listening to the wrong people because they lack “moral courage”.
[T]he nature of our current economic situation is that smart policy requires that you ignore what supposedly responsible people, who sound as if they know what they’re talking about – and hey, they’re rich, so they must know something – have to say.
And no government of the moderate left has had the intellectual and moral courage to do that.
Fraid not. An objective analysis of Democratic actions over the past two decades leaves little room for doubt: in virtually every instance when the Dems had to choose a path, they chose the one that was corporate-contributor friendly. Maybe we should stop pretending that the Dems are liberal, hm? They’re just slightly less obsequious than Pubs when it comes to kissing 1% ass. Get used to it.
The NYT decided to actually investigate something this week because they thought the result would embarrass Obama (their main criteria for greenlighting political exposes). It does. It also embarrasses the whole Democrat party.
With the Obama administration deporting illegal immigrants at a record pace, the president has said the government is going after “criminals, gang bangers, people who are hurting the community, not after students, not after folks who are here just because they’re trying to figure out how to feed their families.”
But a New York Times analysis of internal government records shows that since President Obama took office, two-thirds of the nearly two million deportation cases involve people who had committed minor infractions, including traffic violations, or had no criminal record at all. Twenty percent — or about 394,000 — of the cases involved people convicted of serious crimes, including drug-related offenses, the records show.
Aside from the usual circumstance of Obama’s mouth writing checks his administration can’t – or won’t – cash, this is a classic example of standard Democrat duplicity: doing what they see as expedient and then blaming progressive activists for making his job dealing with batshit crazy Pubs more difficult. According to Obama and his people, when progressives call him on his bullshit, they are hurting him; when they try to help him achieve his stated goals, they are hurting him; when they won’t follow him as he surrenders to conservative insanity, they are hurting him. In fact, it seems that the very existence of progressives is a threat to him. Continue reading
The Corporate States of America just got itself a new jolt of freedom thanks to Chief Justice John Roberts and his Happy Conservative Warrior Quartet.
[T]he Supreme Court continued chipping away at federal campaign finance reforms with a 5-4 ruling striking down the federal cap on the total amount of money an individual donor can spend supporting candidates and political parties during a two-year election cycle.
The ruling, which split the high court along ideological lines, eliminates the aggregate the cap on the total amount of money an individual can donate to candidates and party fundraising committees during an election season, which was set at $123,200 for 2013 and 2014. That cap was so high that only…several hundred mega-rich donors reached it during the last election cycle.
Meaning that this ruling effects, at most, a mere few hundred people. Fortunately, those few hundred are the richest few hundred people in the country and who deserves a self-serving law that crews democracy more than them?
The ruling also could inflate the power of joint fundraising committees, which take large donations from donors and funnel the cash to candidates and party committees with full knowledge of who signed the original check.
“Eliminating these limits will now allow a single politician to solicit, and a single donor to give, up to $3.6 million through the use of joint fundraising committees,” said Michael Walden, president of the Brennan Center for Justice. “Following the Citizens United decision, this will further inundate a political system already flush with cash, marginalize average voters, and elevate those who can afford to buy political access.”
I don’t think Mr Walden gets it. See, money is free speech and in the CSA you only get as much FS as you can afford to buy and those few hundred have made sure you don’t get paid enough to buy hardly any so they get more than you or me and that’s the way it should be.
Get used to it. If you can’t afford to pay for an election, you don’t deserve to have one.