Author Archive

Corporate Bailout: Intentionally Bungled? »

Earlier, I posted about how executive pay can drain companies and destroy jobs. Today, I cannot help thinking about how our politicians have committed to funneling billions of tax dollars to some of the same executives who managed to personally enrich themselves while driving their companies (and our economy) into a ditch. Naturally, this led [...]

Destroying Jobs and Draining Companies: Executive Pay & Other Spending »

During the past three months, our nation has lost 1.2+ million jobs: 533,000 in November; 320,000 in October; and 403,000 in September (USBLS). Two months ago, the New York Times reported that major companies were thinking about cutting jobs, including giants like Alcoa, Bank of America, Coca-Cola, General Electric, Goldman Sachs, Merck, and Xerox. [Bank [...]

Many Big Corporations Don’t Pay Taxes — Including Some Federal Contractors »

Based on IRS records, a recent GAO report indicates that many corporations claimed to owe $0 in U.S. taxes from 1998 – 2005: roughly 28%-53% of large foreign-controlled and 23%-38% of large U.S.-controlled corporations. [The GAO considers a "large" corporation one with at least $250 million in assets or $50 million in gross receipts.]  This reminded [...]

Once Again, Maureen Dowd Talks out of her… Ear about Hillary »

Sometimes, I just don’t understand New York Times columnist Maureen Dowd.  She’s a successful, intelligent, gifted word smith — and gorgeous to boot. Talk about having it all. When she writes about actual issues, she often makes sense, and millions of readers praise her. When she talks about certain politicians, however, Ms. Dowd’s logic leaves [...]

Hillary Campaign Emails: Dems Shoot at Their Own Feet Again »

I just read an article based on some emails, memos, and notes leaked to The Atlantic by one (or more) of Hillary Clinton’s former presidential campaign staffers. When I first read the pre-publishing-date hype about the impending article, I thought: Why does this matter?  Hadn’t they heard that Hillary publicly threw her support behind Barack [...]

Watch Out Florida: Obama Signals Support for Offshore Oil Drilling »

In June, presidential candidate Barack Obama said that he opposed drilling for oil off the U.S. coastline, explaining that 1) it would take 10 years to produce any oil at all, and 2) that said oil would not do much to lower gas prices anyway because our nation consumes such a high percentage of the [...]

Is the House Finally Considering Impeachment of Bush? »

Two days ago, the House voted to send Rep. Dennis Kucinich’s “latest impeachment effort” (H.R. 1345) to the House Judiciary Committee (CQ).  Merely impeaching President Bush would not remove him from office: removal would require a conviction by two-thirds of the Senate members present. (Constitution, Article I, sections 2 & 3)  Given the Senate’s current [...]

Is U.S. Foreign Policy for Sale? Undercover Reporter Tapes Bush Pioneer Selling White House Access »

Many people around the world suspect that the Bush Administration is excessively fond of cash, but it’s strangely comforting to find real evidence supporting that suspicion.  Actually, I’m more alarmed than comforted. Britain’s Times Online has a great article and a four-minute video clip of lobbyist and Bush Pioneer Stephen Payne — who was appointed [...]

A Different Angle on Obama’s Campaign Finance Numbers »

Campaign finance junkies tend to believe that dollars from big donors reflect favors that candidates will owe to those donors — especially money given by corporate employees or bundled by lobbyists.  Such perceptions might be why Barack Obama’s campaign staff has done numerical gymnastics trying to create the impression that the campaign is mostly funded [...]

My Capitol Visit and Up-Close Observations During FISA Votes »

I was in our nation’s capitol from July 3 – 10. Among the highlights of my week-long visit was coffee at the Mayflower Hotel with NQ’s Larry Johnson. It was even more fun conversing with him than reading his blog posts. Another highlight was watching the FISA votes from the Senate visitors’ gallery at the [...]

Sweet Jesus! Obama Proclaims Faith in Faith-Based Initiatives? »

Some of our Founding Fathers had a colorful way of speaking.  Thomas Paine, for example, said this about the separation of church and state: "Soon after I had published the pamphlet `Common Sense’ in America I saw the exceeding probability that a revolution in the system of government would be followed by a revolution in [...]

Olbermann Tries but Doesn’t Fully Re-Reverse Himself re: Obama’s FISA Reversal »

Monday, MSNBC’s Keith Olbermann dropped his pompoms and attempted to re-reverse himself by doing a "special comment" about Barack Obama’s recent reversal on FISA (Crooks & Liars has the video and transcript).  Mr. Olbermann made two major mistakes: 1) He said that Sen. Obama has a second chance to fight FISA 2) He indicated that [...]

How Should One Read Obama’s Campaign-Finance Statistics? »

The short answer is "very carefully."  Last week, when Sen. Barack Obama decided to opt out of public financing (and bizarrely attempted to link his decision to our nation’s Declaration of Independence), he offered an odd statistic: "The Obama campaign highlighted Thursday the fact that 93 percent of the more than three million contributions it [...]

Obama Repeatedly Defecates On Progressives (re: John Barrow, FISA, NAFTA, Campaign Finance…) »

It’s been a painfully interesting few days for progressives who were cock positive that Barack Obama would prove to be an agent of capital-C Change –for those who truly believed that he was new and clean and would fight against corrupt, self-serving, old-style Washington politics. The biggest clue that such capital-H Hopes were not rooted [...]

Progressive Magazine Questions Obama’s Love of the So-Called “Free Market” »

I get nervous when politicians lead cheers for the so-called "Free Market," because the phrase is nothing more than a euphemistic slogan that actually means "government should let big corporate players do whatever they want." That said, Naomi Klein at The Nation wrote this last week: "Barack Obama waited just three days after Hillary Clinton [...]