Tag: TMC Politics

Cross posted from The Stars Hollow Gazette

A corporate tax holiday? Does Sen. Chuck Schumer (D-NY) seriously think that by cutting the tax rate on overseas profits for US Multinationals from 35% to 5,25% it will encourage these companies to create jobs here? That is what Schumer, our elected Wall St. lobbyist, is pushing despite the fact that the last time this was done in 2005, most of the money went to shareholders and executives (pdf) in the form of dividends and stock buy backs. We all know how many jobs were created, zero. Indeed, the companies that profited the most actually laid off more workers and cut back production in the US. We all know how many jobs were created, zero. Indeed, the companies that profited the most actually laid off more workers and cut back production in the US. As to increased revenue, short term it might bring $50 billion into the Treasury but over a ten year period there would be an $80 billion loss.

In his Rolling Stone blog, Matt Taibbi explains how this is just another “con” by corporation lobbyists:

Here’s how it works: the tax laws say that companies can avoid paying taxes as long as they keep their profits overseas. Whenever that money comes back to the U.S., the companies have to pay taxes on it.

Think of it as a gigantic global IRA. Companies that put their profits in the offshore IRA can leave them there indefinitely with no tax consequence. Then, when they cash out, they pay the tax.

Only there’s a catch. In 2004, the corporate lobby got together and major employers like Cisco and Apple and GE begged congress to give them a “one-time” tax holiday, arguing that they would use the savings to create jobs. Congress, shamefully, relented, and a tax holiday was declared. Now companies paid about 5 percent in taxes, instead of 35-40 percent.

Money streamed back into America. But the companies did not use the savings to create jobs. Instead, they mostly just turned it into executive bonuses and ate the extra cash. Some of those companies promising waves of new hires have already committed to massive layoffs..

According to Forbes, Chuck Schumer has garnered the blessings of some “left” Democrats by pairing it with a job creating infrastructure program. Former SEIU president Andy Stern and Sen. Kay Hagen (D-NC), who voiced her support at a Third Way breakfast, have endorsed the idea and the multi-nationals have already sent out their dogs to push it:

While the repatriation holiday alone is a non-starter for most Democrats, pairing it with an infrastructure program could marshal labor support. It’s an approach backed by former Service Employees International Union president Andy Stern, who’s emerged as the most vocal proponent of the tax holiday on the left.

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The team of corporate heavyweights behind the lobbying push for the holiday — including Apple (AAPL), Cisco (CSCO), Duke Energy (DUK), Google (GOOG), Kodak (EK), Microsoft (MSFT), Pfizer (PFE), and Oracle (ORCL) – has shown some success softening up Democratic opposition recently. Last week, the centrist Democratic think tank Third Way hosted a breakfast on the topic that featured Sen. Kay Hagan (D-N.C.). “A repatriation holiday can encourage economic activity at a fraction of the cost of recent fiscal policy,” Hagan said in her prepared remarks.

My head hurts.

If you do not get Current TV you can watch Keith here:

If you do not get Current TV you can watch Keith here:

If you do not get Current TV you can watch Keith here:

Cross posted from The Stars Hollow Gazette

Words only hurt when you let them. It’s who you are that is important, not what others say about you.

From It Gets Better Project

h/t Think Progress via Twitter

Cross posted from The Stars Hollow Gazette

The Bush Doctrine was that the world was our battlefield-we were at liberty to carry out drone attacks and unlawful interrogations throughout the world. But many Americans may be surprised to discover that far from fading away with the former president, these policies have in fact expanded and intensified under President Obama.

As The Nation’s Jeremy Scahill explained on MSNBC’s Morning Joe today, Obama has succeeded in normalizing and legitimizing these policies that were considered illegal in the extreme only a few years ago. Recounting his recent investigation of increasing CIA involvement in counterterrorism efforts in Somalia, Scahill says we have to decide, “are we a country that operates under the rule of law or do we believe we’re emperors who can wage war on the world?”

Obama contradicts his own executive order that supposedly closed these CIA sites and ended rendition. He is doing it without the same scrutiny or criticism from his supporters, giving him a pass for embracing and expanding the same policies for which we loudly condemned Bush and Cheney. I won’t give these Obama supporters the dignity of calling them the left, because they have gone over to the darkest side of the right.

H/T Naomi Klein via Twitter

If you do not get Current TV you can watch Keith here:

Cross posted from The Stars Hollow Gazette

The problem with Rupert Murdoch’s “philosophy” is that eventually something starts to “smell” really bad and they start digging. The more they dig, the more bodies they find. Like peeling an onion.

David Carr, “Media Equation” columnist for The New York Times, taks with Rachel Maddow about the News Corps record of unethical bullying and illegal business behavior and looks ahead to Rupert Murdoch, James Murdoch and Rebekah Brooks testifying before British Parliament Tuesday.

There is a possibility that Ms. Brooks may not testify because of her arrest on Sunday.

Troubles That Money Can’t Dispel

By David Carr

“Bury your mistakes,” Rupert Murdoch is fond of saying. But some mistakes don’t stay buried, no matter how much money you throw at them.

Time and again in the United States and elsewhere, Mr. Murdoch’s News Corporation has used blunt force spending to skate past judgment, agreeing to payments to settle legal cases and, undoubtedly more important, silence its critics. In the case of News America Marketing, its obscure but profitable in-store and newspaper insert marketing business, the News Corporation has paid out about $655 million to make embarrassing charges of corporate espionage and anticompetitive behavior go away.

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Litigation can have an annealing effect on companies, forcing them to re-examine the way they do business. But as it was, the full extent and villainy of the hacking was never known because the News Corporation paid serious money to make sure it stayed that way.

And the money the company reportedly paid out to hacking victims is chicken feed compared with what it has spent trying to paper over the tactics of News America in a series of lawsuits filed by smaller competitors in the United States.

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In 2009, a federal case in New Jersey brought by a company called Floorgraphics went to trial, accusing News America of, wait for it, hacking its way into Floorgraphics’s password protected computer system.

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The complaint stated that the breach was traced to an I.P. address registered to News America and that after the break-in, Floorgraphics lost contracts from Safeway, Winn-Dixie and Piggly Wiggly.

Much of the lawsuit was based on the testimony of Robert Emmel, a former News America executive who had become a whistle-blower. After a few days of testimony, the News Corporation had heard enough. It settled with Floorgraphics for $29.5 million and then, days later, bought it, even though it reportedly had sales of less than $1 million.

Murdoch’s tactics are not a secret. In an article from Forbes written in 2005, Peter Lattman described the business practices by Paul V. Carlucci, then head of the marketing division of News America:

Paul V. Carlucci takes no prisoners. The head of a marketing division of Rupert Murdoch’s News Corp., Carlucci once rallied his sales force by showing a film clip from The

Untouchables in which Al Capone beats a man to death with a baseball bat.

I wonder if Mr. Carlucci is friends with Carl Palladino the former NY State gubernatorial candidate with a penchant for solving problems with a baseball bat?

If you do not get Current TV you can watch Keith here:

Cross posted from The Stars Hollow Gazette

Why is anyone listening to these people? The Wall Street Journal editorial board made it clear that they are all for more war. In an editorial, the board advocated for not only maintaining troops in Iraq for years, as we have in Japan and Korea, but keeping troops in Iraq for decades, as well. Their reasoning is security in the region without any understanding of the consequences of the destabilizing factor of the presence of the US military. The real eye popper was further down in the article:

The U.S. has chosen not to go after the militias directly to shield the government of Nouri al-Maliki from the domestic political fallout of unilateral American military action. Such considerations are cold comfort to soldiers under attack. The U.S. has a legal and moral responsibility to respond. We ought to go after the militias in Iraq as well as their backers in Iran who’ve decided to make Iraq a proxy war.

Seriously? Did they even think about what would happen if the US sent troops into Iran? Iran is not Afghanistan. It is a relatively modern country with a standing army and navy. Former Bush administration National Security Adviser Stephen Hadley described the disastrous effect of an attack on Iran which would most likely result the closing of the Straits of Hormuz which would cut off access to the oil producing states in the Persian Gulf.

While omitting the elephant in the room, Hadley effectively outlined one of the likely disastrous effects of an attack on Iran. In town for a war game organized by an advocacy group that emphasizes energy insecurity, Hadley told Fox’s Eric Bolling:

   HADLEY: [I]f you think about it, most of our oil comes from states that are unstable and in the Middle East or states like Venezuela and Libya and Iran that bear is no good will.

   BOLLING: Sir, I have pointed this out in the past, a scenario that could happen. They tried it in the past. Iran could close off the Strait of Hormuz, that very, very short world oil choke-point, cutting off not one or two million barrels a day but 17 million barrels a day. A very easy put them to do. What would happen to the price of oil and the American economy?

   HADLEY: The price of oil would skyrocket. I am sure you would see more than 200 barrels – dollars a barrel for oil. The economy would be in severe straits. Our military will tell you that in time there will be able to reopen the Strait of Hormuz, but it wouldn’t have to be closed very long to have a devastating impact on our economy and the global economy. It’s not just the United States. But the United States is particularly vulnerable because we are struggling and it is of course where we live so we care about it.

If these war hawks want to destabilize not just the US economy but the world’s economy, as well, then by all means let’s “Bomb.bomb, bomb Iran.

Just an aside, Dean Baker @ Center for Economic and Policy Research said that just ending the wars in Afghanistan & Iraq would pay for the shortfall in Medicare over the next 75 years.

h/t Think Progress

If you do not get Current TV you can watch Keith here:

Cross posted from The Stars Hollow Gazette

One of the many things that PFC. Bradley Manning has been accused of is the release of the “Collateral Murder” video which depicted the indiscriminate murder of innocent civilians and two Reuters journalists by an Apache helicopter crew in a suburb of Baghdad. Now former soldiers who were members of the ground troops are coming forward and speaking out about the video, illegal orders and how the media is unfairly depicting Manning to to cover up war crimes. These brave men are calling Manning a hero if he is indeed the person who released that video.

One of the responses was a criticism of how Manning is being used to propagandized the war by journalists, specifically referencing a personal profile of Manning by Stephen Fishman in the New York magazine. The article written by former Army Specialist Ethan McCord, who served in Bravo Company 2-16, the ground troops involved in the “Collateral Murder” video, is published in its entirety by Glenn Greenwald. Here is just a little of what Spec. McCord wrote:

Serving with my unit 2nd battalion 16th infantry in New Baghdad Iraq, I vividly remember the moment in 2007, when our Battalion Commander walked into the room and announced our new rules of engagement:

“Listen up, new battalion SOP (standing operating procedure) from now on: Anytime your convoy gets hit by an IED, I want 360 degree rotational fire. You kill every [expletive] in the street!”

We weren’t trained extensively to recognize an unlawful order, or how to report one. But many of us could not believe what we had just been told to do. Those of us who knew it was morally wrong struggled to figure out a way to avoid shooting innocent civilians, while also dodging repercussions from the non-commissioned officers who enforced the policy. In such situations, we determined to fire our weapons, but into rooftops or abandoned vehicles, giving the impression that we were following procedure.

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The video released by WikiLeaks belongs in the public record. Covering up this incident is a matter deserving of criminal inquiry. Whoever revealed it is an American hero in my book.

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Fishman removes politics from a story that has everything to do with politics. The important public issues wrapped up with PFC Manning’s case include: transparency in government; the Obama Administration’s unprecedented pursuit of whistle-blowers; accountability of government and military in shaping and carrying out foreign policy; war crimes revealed in the WikiLeaks documents; the catalyzing role these revelations played in democratic movements across the Middle East; and more.

Demonizing and discrediting those who expose the criminality and corruption is now the weapon of choice by journalists and the media that wish to be subservient to a corrupt government. As Greenwald said in his article:

Who needs White House fear-mongers, propagandists, plumbers and character assassins when so many in the establishment press compete so vigorously to perform those functions instead?

Manning is now being held at Ft. Leavenworth, KS after being subjected to months of conditions that amounted to torture in the brig at Quantico Marine Base. The U.N.’s top official on torture, Juan Mendez, announced last December that his office would formally investigate those conditions and has repeated requested private access to talk to Manning. He has been repeatedly refused permission by the Obama administration. Mendez is publicly accusing the Obama administration of violating U.N. rules. Considering the Obama administrations attack on whistle blowers and the continued refusal to prosecute the crimes they expose, they are very likely afraid of what Manning would say to Mendez.