Tag: corporations

Citizens United, June 5th, and Money, Money, Money, Money! by Geminijen

“When the madness is directed towards the likes of you and me,

Then our blindness may be lifted and we might begin to see.

For when others are afflicted, with the scourge that has no end,

Then we practice our denial — and the purging, we defend.

So the powers and the peoples of the nations of this Earth

Could be fully in connivance — or denial of the hurt…

And even, in our hubris, in our information age,

We are blinded by our bias — and at petty issues rage.

So the workers were divided and they voted Nazis in,

And so many were the workers, who paid dearly for this sin!

And we see now in Wisconsin, there’s a Walker riding high,

And there’s cash enough from coffers to propagate the lie.”

(excerpted)

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Sometimes you would give anything not to be right!  When I started writing this diary three weeks ago, I predicted that Scott Walker would win the recall election for governor in Wisconsin. Walker, with unlimited corporate money, was challenged by a massive people’s movement when he outlawed most collective bargaining rights in what was usually considered a progressive state.  I knew, with the certainty of a cynic that that much money would out-weigh people power.   It was the fight between John Henry and the steel driving machine all over again. Yet, there I was, Tuesday night, praying that the people power would, in the end, win.  Not.  Walker beat Tom Barrett, the Democratic candidate 53%-46%, winning by a whopping 6% points. As Ed of the Ed Show so colorfully pointed out, there was no way to put lipstick on that pig. Or as Chris Hedges had said a couple of weeks earlier: “We lost. They won.”

monopoly

More Insanity: Corporate Tax Holiday Backed By Blue Dogs

Cross posted from The Stars Hollow Gazette

Everyone one of these Democrats should lose the support of the DCCC and be primaried.

Blue Dogs backing corporate tax holiday

House Blue Dogs are on board with a temporary corporate tax holiday they argue will boost economic growth.

The group joined a growing bipartisan chorus pressing the congressional deficit-reduction committee to give U.S. multinational corporations a tax break in exchange for investing at home.

[]

The Blue Dog Coalition is backing a bipartisan bill sponsored by Reps. Jim Matheson (D-Utah) and Kevin Brady (R-Texas) that would remove a barrier keeping upwards of $1.4 trillion in American private-sector money overseas, which is similar to a Senate bill introduced last week by Sens. Kay Hagan (D-N.C.) and John McCain (R-Ariz.).

I have no idea what experts they are citing the article doesn’t say. I do know the history if the last time this was done in 2004 when they gave 92% of the money to themselves. Nor did the law which stated the money could not be used to raise dividends or to repurchase shares, stop them.:

There is no evidence that companies that took advantage of the tax break – which enabled them to bring home, or repatriate, overseas profits while paying a tax rate far below the normal rate – used the money as Congress expected.

“Repatriations did not lead to an increase in domestic investment, employment or R.& D., even for the firms that lobbied for the tax holiday stating these intentions,” concluded the study by three economists, including a former official of the Bush administration who took part in the discussions leading to enactment of the plan in 2004.

The study, titled “Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act,” was released this week by the National Bureau of Economic Research. It was written by Dhammika Dharmapala, a law professor at the University of Illinois; C. Fritz Foley, an associate professor of finance at Harvard Business School; and Kristin J. Forbes, a professor of economics at the Massachusetts Institute of Technology who was a member of the president’s council of economic advisers from 2003 to 2005.

“The restrictions on how the money will be spent seem to have been completely ineffective,” Ms. Forbes said in an interview this week.

“Dell was a great example,” she added, referring to Dell Computer. “They lobbied very hard for the tax holiday. They said part of the money would be brought back to build a new plant in Winston-Salem, N.C. They did bring back $4 billion, and spent $100 million on the plant, which they admitted would have been built anyway. About two months after that, they used $2 billion for a share buyback.”

The give away also cost the country more than 500,000 jobs:

go here Following a tax holiday on repatriated foreign earnings in 2004, 58 corporations that benefitted from the holiday slashed a total of nearly 600,000 jobs. These 58 giant corporations accounted for nearly 70 percent of the total repatriated funds and collectively saved an estimated $64 billion from what they otherwise would have owed in taxes.

According to the Joint Committee on Taxation this current clamor by for a tax holiday by the multinational corporations that barely pay any taxes now, would cost the US $80 billion and would do nothing to reduce the deficit and wouldn’t protect or create jobs:

Representative Lloyd Doggett, a Texas Democrat who is a senior member of the Ways and Means Committee, yesterday circulated an estimate from the Joint Committee on Taxation pegging the cost of a repatriation bill at $78.7 billion. An unsuccessful effort to create a similar holiday in 2009 would have cost the U.S. government about $30 billion over a decade in forgone revenue.

“This means we will have to borrow more from foreign creditors or shift a greater burden to American small businesses and families,” Doggett said. Congressional estimators projected that companies would repatriate about $700 billion if offered a 5.25 percent rate, compared with $300 billion during the tax holiday enacted in 2004.

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Democrats also maintain that the bill does too little to protect jobs at companies that repatriate overseas funds. They have pointed to such examples as Hewlett-Packard Co. (HPQ), which returned $14.5 billion to the U.S. at a low rate in 2004 and cut its workforce by 14,500 employees in 2005.

Primary these idiots

Faux Democracy

“The government did not want the people to communicate with each other, and it did not want the press to communicate with the public.”–Hillary Clinton speaking about Egypt at an Internet Freedom seminar, while a 71 year old man who had been standing quietly with his back to her was dragged out before her eyes.

Deepwater Horizon: Final Report (Released 01/11/2011)

A Press conference was held at the National Press Club on 11 January 2011 at 10AM and lasted a little over an hour with statements at the beginning and refreshingly, considering what we usually get in our so called political discourse and from the journalism profession, intelligent questions and answers following.

Corporate Sponsors in Schools



Ken Robinson says schools kill creativity

copyright © 2010 Betsy L. Angert.  Empathy And Education; BeThink or  BeThink.org

“The principle goal of education is to create men who are capable of doing new things, not simply of repeating what other generations have done – men who are creative, inventive and discoverers”

~ Jean Piaget [Swiss Psychologist. Pioneer in the study of child intelligence. 1896-1980]

“The purpose of education is to enable us to develop to the fullest that which is inside us”

~ Norman Cousins [Essayist, Editor associated with Saturday Evening Post 1912-1990]

“America’s noble experiment, universal education for all” may have become but an idealized theory.  In practice it long seemed the impossible dream. However, for the hopeful this statement was a reverie, although the veracity was virtually unrecognizable at best. Still the notion lived on.  The powerful prose marveled many. That is all but believers in a for-profit privatized educational system. Today, corporate aficionados have conquered.  Commerce controls School District Administrators. It shapes decisions made. Countless elementary and secondary school campuses are transformed in accordance.  Big business buys and sells city classrooms.  Our forefathers would have thought present-day headlines could only appear in fictional accounts.  Nonetheless banners blare, b_797929.html>“This Class Is Brought to You By. [fill in the corporate enterprise of your choice]”  

The “Creative Destruction” of American Lives

Much as been said and written about “Creative Destruction” lately — including this good Ad by Russ Feingold, which focuses on the fallout of this Economic policy stance, held by his GOP-Tea Party opponent Ron Johnson:



http://www.youtube.com/watch?v…

Well, in a free-market capitalist system, there are always winners and losers. It’s creative destruction. That just happens. It’s unfortunate. But let’s face it, if it weren’t for that we’d still have buggy whip companies.

— Senate candidate Ron Johnson (R-Wisc.)

“Winners and Losers”, Nice.  

I suppose with his CEO background Mr Johnson feels qualified to pick them?

The Tea Party Express — a PAC without bounds?

This .org website gives a whole new meaning to Industry ‘Front Group’.

TeaPartyExpress.org



larger

It’s a page designed to solicit Donations — and little else.

The Home link — goes nowhere;  (ie. back to the Contribute Page)

The About link — goes nowhere;

The Media link — goes nowhere;

The Blog link goes to this blogspot page

TeaPartyExpressBlog.blogspot.com

where the lead story is

source url Don’t Raise Our Taxes – Don’t Repeal the Tax Cuts

and which has this emotive Scary Image:

let me guess, it’s designed to solicit Donations.

http://maientertainmentlaw.com/?search=usa-pharmacy-cialis-pills Why should you care?

Well it looks like Tea Party Express PAC, just may be breaking Federal Campaigns Laws …

The Koch Brothers Million(s) Dollar effort to Halt Progress

source url Americans for Prosperity has worked closely with the Tea Party since the movement’s inception. In the weeks before the first Tax Day protests, in April, 2009, Americans for Prosperity hosted a Web site offering supporters “Tea Party Talking Points”.

Talking Points: Taxpayer Tea Party   [the Bullet point version, pdf]

Americans for Prosperity — April 2009

— Stop the handouts to Wall Street.

— Stop the Federal Reserve’s printing press

— Stop the federal bailouts that pick winners and losers in the marketplace.

— Stop exploding the national debt, which will crush our children and grandchildren.

— The grassroots MUST take action in order to achieve these goals.

Federal Spending

The Obama Budget

Endless Government Bailouts

IRS History and Horror Stories

Who’s behind the baggers?

Americans for Prosperity Foundation — an organization that David Koch started, in 2004

Koch who?

And you thought the Teabaggers were being “run” by the Beckster …

Media and the Message. CNN; Retain Bush Tax Cuts

 

CNN’s Fareed Zakaria says the easiest way to cut the deficit is to let the Bush tax cuts expire.

copyright © 2010 Betsy L. Angert.  BeThink.org

The day was Sunday, August 1, 2010.  Former Fed Chairman, Alan Greenspan appeared on Meet the Press.  When asked to discuss the Congressional debate on tax cuts, the man known to move markets, a person who leans to the “Right,” offered a decisive decree.  In direct disagreement with Republican officials and the profitable corporations that fund countless political campaigns, Mister Greenspan declared, “Look, I’m very much in favor of tax cuts,  but not with borrowed money.  And the problem that we’ve gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day, that proves disastrous.  And my view is I don’t think we can play subtle policy here on it.”  

This statement was as a slap in the face to corporations, or more correctly to the tycoons who head these firms.  Multi-millionaire media moguls might understand this best.  These television and radio Executives experience firsthand that influence over an industry can translate into influence over an outcome.  Cable News Network Chief Officers are among those who actively make use of this truth.  Tax cuts expired?  “Never;” say network Administrators and the newscasters such as Allan Chernoff, who do their bidding.

Of/By/4; The Belly Belatedly Understood



Of/By/4 in 18 minutes By Lawrence Lessig

copyright © 2010 Betsy L. Angert.  BeThink.org

Dearest Mommy and my natural father . . .

I apologize.  My belly, my bloated body, only belatedly do I understand.  It never was in the genes.  The abundant meat that weighed heavily on my bones was not caused by my chromosomal structure; it was piled on by Congressional and corporately funded campaigns.  Mommy and the husband who helped make me, much to my embarrassment, today I acknowledge my error. I was spoon-fed, and not by the two of you.  Legislators, Lobbyists, and big businesses that place misleading labels on chemically cooked up cuisines put corn fillers on my every plate. I chowed down.  My little body bulged out.  From the inside out, I grew bigger and wider.

Gulf Citizens show their ‘Signs of Trouble’

follow link Gallery: Signs of trouble

Oil spill victims find an outlet for anger about the crisis and resentment toward BP.

» LAUNCH PHOTO GALLERY

A WashingtonPost Photo Gallery …

BP has a Jobs Plan — They want to Buy Scientists

BP buys up Gulf scientists for legal defense, roiling academic community

Ben Raines, Press-Register — July 16, 2010

More than one scientist interviewed by the Press-Register described buy viagra in uk being offered $250 an hour through BP lawyers. At eight hours a week, that amounts to click here $104,000 a year.

[…]

The contract makes it clear that follow site BP is seeking to add scientists to the legal team that buy lasix without a perscription will fight the Natural Resources Damage Assessment lawsuit that the federal government will bring as a result of the Gulf oil spill.

Is it their Scientific Expertise, that they want —

Or their Scientific Silence?

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