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Political Article Archive for 2013

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Why Political Protests Ultimately Always Fail
by J.S. Kim
Posted Dec 28, 2013

Thailand protestsCurrently in Bangkok, Thailand, protests against the government remain strong with tens of thousands to hundreds of thousands regularly gathering across the city in an attempt to oust Prime Minister Yingluck Shinawatra from office. However, there are many reasons why such protests never achieve their long-term goals, even when they achieve their short-term objectives. For example, were the protestors to successfully oust current PM Yingluck Shinawatra from office as they so desire, the political system is so corrupt that another corrupt PM would just replace her. Therefore, the protestors, who fail to understand and attack the root of the underlying problems of corruption- the bankers that monopolize control of the country's monetary supply- instead attack the symptoms and manifestations of the corruption. Thus, corruption will always remain.

When a Prime Minister or President anywhere in the world states, and actually does, the following: "I will rout out all bankers that manipulate interest rates, stock markets, commodity markets, real estate markets, forex markets and every single banker that prevents free markets from operating within my country", then that will be a politician worthy of the people's support. More...

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World Bank Whistleblower Reveals How The Global Elite Rule The World
By Michael Snyder
Posted Dec 27, 2013

 puppeteers revealedKaren Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel.

She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet.

Karen HudesThe goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works. More...

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A Corporate Coup in Disguise
By Jim Hightower
Posted Nov 26, 2013

Corporate coupWhat if our national leaders told us that communities across America had to eliminate such local programs as Buy Local, Buy American, Buy Green, etc. to allow foreign corporations to have the right to make the sale on any products purchased with our tax dollars? This nullification of our people's right to direct expenditures is just one of the horror stories in the Trans-Pacific Partnership (TPP).

This is a super-sized NAFTA, the 1994 trade scam rammed through Congress by the entire corporate establishment. NAFTA promised the "glories of globalization": prosperity across our land. Unfortunately, corporations got the gold. We got the shaft -- thousands of factories closed, millions of middle-class jobs went south, and the economies of hundreds of towns and cities were shattered.

Twenty years later, the gang that gave us NAFTA is back with the TPP, a "trade deal" that mostly does not deal with trade. Of the 29 chapters in this document, only five cover traditional trade matters! The other chapters amount to a devilish "partnership" for corporate protectionism. More...

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Americans Are Finally Learning About False Flag Terror
by George Washington's Blog
Posted Nov 26, 2013

false flag attacks commonGovernments from around the world admit they carry out false flag terror:

As admitted by the U.S. government, recently declassified documents show that in the 1960's, the American Joint Chiefs of Staff signed off on a plan to blow up AMERICAN airplanes (using an elaborate plan involving the switching of airplanes), and also to commit terrorist acts on American soil, and then to blame it on the Cubans in order to justify an invasion of Cuba. See the following ABC news report; the official documents; and watch this interview with the former Washington Investigative Producer for ABC's World News Tonight with Peter Jennings.

A U.S. Congressional committee admitted that – as part of its "Cointelpro" campaign – the FBI had used many provocateurs in the 1950s through 1970s to carry out violent acts and falsely blame them on political activists. Much, much more...

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Hillary Clinton Rakes in Big Money from Two Goldman Sachs Speeches in One Week
by Rod Bastanmehr
Posted Nov 1, 2013

Clinton in bed with Wall StFormer Secretary of State, and presumed 2016 presidential hopeful, Hillary Clinton spoke at two separate Goldman Sachs events in the past week (on October 24, and then again on October 29), for a cool $200,000 per speech, her normal fee according to Politico and the New York Times. $400,000—not a bad payday for the former First Lady.

Alec Torres of the National Review Online reports that, on the 24th, Clinton spoke for the AIMS Alternate Investment Conference, a closed event held exclusively for Goldman clients. AIMS is an annual conference that explores strategic models and new products available to financial advisers. Pretty exclusive stuff. More...

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Money Corrupting Politics Could Get Even Worse
By Karin Kamp
Posted October 14, 2013

money controls the puppetsIf you think we need more money influencing politics in America, then today could be a great day for you.

The Supreme Court is hearing arguments this morning in McCutcheon v. Federal Election Commission (FEC), a case challenging the overall limits an individual can donate to political action committees, candidates and parties in a two-year federal election cycle.

New research by Demos predicted that if the court rules in favor of McCutcheon, more than $1 billion in additional campaign contributions from a group of elite donors would be added through the 2020 election cycle. More...

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Americans Are Being Treated to Political Theater: Forget the Government Shutdown – It's About Shutting YOU Down
By The Hagmann & Hagmann Report
Posted October 10, 2013

political theaterAmericans are being treated to political theater at its finest. It's not a theater of entertainment, however, but a coliseum of enslavement where in the world of deception, perception becomes reality. This theater requires audience participation, where we, the theater-goers, become part of the play. We are a truly captive audience, entranced into mindlessly choosing sides at the frenzied urging of the corporate media and partisan cheerleaders firmly seated behind the microphones and television cameras of the nationally syndicated media.

Audience members who remain seated and captivated by the stellar performances of the actors, while maintaining a mental death-grip on the media cheering "their side," are sadly in the majority. They are yelling at just above a throaty whisper at us and others who see beyond and behind the curtain, telling us to sit down and shut up, as we are reaching a critical moment in the performance. More...

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A Corporate Coup in Disguise
by Jim Hightower
Posted October 7, 2013

corporate governmentWhat if our national leaders told us that communities across America had to eliminate such local programs as Buy Local, Buy American, Buy Green, etc. to allow foreign corporations to have the right to make the sale on any products purchased with our tax dollars? This nullification of our people's right to direct expenditures is just one of the horror stories in the Trans-Pacific Partnership (TPP).

This is a super-sized NAFTA, the 1994 trade scam rammed through Congress by the entire corporate establishment. NAFTA promised the "glories of globalization": prosperity across our land. Unfortunately, corporations got the gold. We got the shaft -- thousands of factories closed, millions of middle-class jobs went south, and the economies of hundreds of towns and cities were shattered.

Twenty years later, the gang that gave us NAFTA is back with the Trans Pacific Partnership (TPP), a "trade deal" that mostly does not deal with trade. Of the 29 chapters in this document, only five cover traditional trade matters! The other chapters amount to a devilish "partnership" for corporate protectionism. More...

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Obama's Friends in Low Places
By Robert Scheer
Posted September 25, 2013

Obama friends in low placesThat Barack Obama is such a kidder. No matter how awkward the moment, he's got just the right quip to purchase some wiggle room. Remember when his old Chicago banking buddy Jamie Dimon, the CEO of JPMorgan Chase, first ran into that bit of trouble over his bank's "London Whale" derivative scam? That scheme has already lost $6 billion with close to $1 billion more piled on by the SEC in fines last week after JPMorgan admitted it broke the law.

If you still require to be disabused of Obama's pretend populism, consider his decision to select William M. Daley, JPMorgan's representative in Washington, to be his White House chief of staff. It gave Dimon the key White House connection to accompany the passkey he already had at Treasury with his pal Timothy Geithner as secretary.

It was a real cozy arrangement; Dimon was still a governor of the New York Federal Reserve Bank, where he had served during Geithner's presidency overseeing the banking meltdown. Geithner had been instrumental in arranging Fed financing for JPMorgan's acquisition of troubled Bear Stearns through a $55 billion loan and later an additional $25 billion in TARP funds. More...

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Draghi's Termination Of Berlusconi Explained: Sylvio Threatened To Leave Euro
by Ambrose Evans-Pritchard
Posted September 18, 2013

Unseated by the bankersSo, we now know: Silvio Berlusconi seriously floated plans to pull Italy out of the euro in October/November 2011, precipitating his immediate removal from office and decapitation by EMU policy gendarmes.

Ex-ECB insider Lorenzo Bini-Smaghi has quietly dropped a few bombshells in his new book Morire di Austerita (Dying of Austerity), worth a read if you know Italian.

Specifically, he discussed (threatened?) Italian withdrawal from the euro in private meetings with other EMU governments, presumably with Chancellor Angela Merkel and France's Nicolas Sarkozy, since he does not negotiate with underlings. We have long suspected this. Now it is confirmed. More...

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How a Koch Brothers "Business League" Spent $236 Million to Frame the Debate
by John Nichols
Posted September 15, 2013

Money buys powerFor the first time really in our politics, money is taking the field as an organized power.It is unscrupulous, arrogant and overbearing. But it is not proud.

No matter what the billionaire Koch brothers and their operatives say. This week, it has been revealed that Charles and David Koch and their wealthy partners funded an, until now, "secret bank" that made "grants" of $236 million during the 2012 election cycle to maintain the right-wing political infrastructure that advances their economic interests. And by all accounts, they're just getting started.

This is not about contributions to candidates or campaigns. This is not about contributions to parties or traditional political organizations. This is about "framing the debate." Winning elections matters. But shaping the discourse -- so that whichever party wins, so that whichever candidate prevails, the discussion defaults to a narrow set of "options" -- matters more. More...

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Not Too Big to Jail: Why Eliot Spitzer Is Wall Street's Worst Nightmare
by Ellen Brown
Posted August 21, 2013

Spitzer takes on the big banksBefore Eliot Spitzer's infamous resignation as governor of New York in March 2008, he was one of our fiercest champions against Wall Street corruption, in a state that had some of the toughest legislation for controlling the banks. It may not be a coincidence that the revelation of his indiscretions with a high-priced call girl came less than a month after he published a bold editorial in the Washington Post titled "Predatory Lenders' Partner in Crime: How the Bush Administration Stopped the States from Stepping in to Help Consumers."

The editorial exposed the collusion between the Treasury, the Federal Reserve and Wall Street in deregulating the banks in the guise of regulating them, by taking regulatory power away from the states. It was an issue of the federal government versus the states, with the Feds representing the banks and the states representing consumers. More...

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Democratic Establishment Unmasked: Prime Defenders Of NSA Bulk Spying
by Glenn Greenwald
Posted July 27, 2013

big brother spyingOne of the worst myths Democratic partisans love to tell themselves -- and everyone else -- is that the GOP refuses to support President Obama no matter what he does. Like its close cousin -- the massively deceitful inside-DC grievance that the two parties refuse to cooperate on anything -- it's hard to overstate how false this Democratic myth is. When it comes to foreign policy, war, assassinations, drones, surveillance, secrecy, and civil liberties, President Obama's most stalwart, enthusiastic defenders are often found among the most radical precincts of the Republican Party.

The rabidly pro-war and anti-Muslim GOP former Chairman of the House Homeland Security Committee, Peter King, has repeatedly lavished Obama with all sorts of praise and support for his policies in those areas. The Obama White House frequently needs, and receives, large amounts of GOP Congressional support to have its measures enacted or bills its dislikes defeated. More...

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Prometheus Among the Cannibals
by Rebecca Solnit
Posted July 20, 2013

Truth tellerDear Edward Snowden,

Billions of us, from prime ministers to hackers, are watching a live espionage movie in which you are the protagonist and perhaps the sacrifice. Your way forward is clear to no one, least of all, I'm sure, you.

I fear for you; I think of you with a heavy heart. I imagine hiding you like Anne Frank. I imagine Hollywood movie magic in which a young lookalike would swap places with you and let you flee to safety—if there is any safety in this world of extreme rendition and extrajudicial execution by the government that you and I were born under and that you, until recently, served. I fear you may pay, if not with your death, with your life—with a life that can have no conventional outcome anytime soon, if ever. "Truth is coming, and it cannot be stopped," you told us, and they are trying to stop you instead. More...

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Has Washington's Arrogance Undone Its Empire?
By Paul Craig Roberts (former Assistant Secretary of the Treasury under Reagan)
Posted July 5, 2013

NATO puppetsNo one likes a bully, and Washington's NATO puppets have been bullied for six decades. British prime ministers, German chancellors, and French presidents have to salute and say "yes sir." The British seem content in their role as Washington's favorite lackey, but France and Germany have not enjoyed that role. France's last real leader, General DeGaul, would have nothing to do with it and refused to join NATO. Germany, dismembered with East Germany occupied by the Soviets, had no choice. Germans' gratitude to President Reagan for their unification resulted in re-unified Germany falling under Washington's hegemony.

However, if news reports from Berlin are true, Germany has had enough. The catalyst was Edward Snowden's revelations that Washington spies on everyone including its allies, both Germany and the EU in particular. Moreover, Washington uses Britain as the Trojan Horse within the EU as a backup spy in case NSA misses something. More...

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The Court, the Corporate Coup, and the Call to Struggle
By Richard (RJ) Eskow
Posted June 27, 2013

Corporate coupOur democracy was under siege even before the Supreme Court's ruling on the Voting Rights Act. This decision caps the Court's clean sweep on behalf of the United States Chamber of Commerce and is part of a concerted effort to seize democracy on behalf of moneyed interests. It's a mistake to view this decision in isolation. It's part of an ongoing, corporate-backed constitutional coup.

The takeover, when it happened, came swiftly. First came Citizens United, a ruling which amplified the power of money over the democratic process. The 2012 election was followed by misguided punditry which claimed that Democratic victories in the White House and Senate proved that elections weren't dominated by moneyed interests. More...

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Verified Warnings From Former U.S. Presidents About the "Invisible Government"
by Ross Pittman
Posted June 23, 2013

Kennedy warningPast presidents of the United States and other high profile political leaders have repeatedly issued warnings over the last 214 years that the U.S. government is under the control of an "invisible government owing no allegiance and acknowledging no responsibility to the people."

According to six of our former presidents, one vice-president, and a myriad of other high profile political leaders, an invisible government that is "incredibly evil in intent" has been in control of the U.S. government "ever since the days of Andrew Jackson" (since at least 1836). They "virtually run the United States government for their own selfish purposes. They practically control both parties… It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection."

The warnings listed below, which appear in chronological order, began with our first president – George Washington.  The last president to speak out was JFK, who was assassinated.    Read what they and other political leaders have said about the invisible government. More...

Click here for a video of Kennedy's warning.

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What Must Be Done About the Monsanto Corporation, and Why
The Green Shadow Cabinet
Posted May 31, 2013

The Green Shadow Cabinet includes nearly 100 prominent scientists, community and labor leaders, physicians, cultural workers, veterans, and more, and provides an ongoing opposition and alternative voice to the dysfunctional government in Washington D.C.. As with shadow cabinets in other countries, the Green Shadow Cabinet of the United States responds to actions of the government in office and demonstrates that another government is possible.

Monsanto greedThe Monsanto corporation is a top "corporate climate criminal" whose drive for profit and control of the global food system threatens food safety, biodiversity, and food sovereignty. Monsanto is the world's leading producer and proponent of genetically modified agriculture. Through aggressive purchases of seed companies, Monsanto is rapidly taking control of the world's seed supply.

In addition, Monsanto produces dangerous chemicals that poison communities, add toxics to the food supply and create 'super weeds' that require increased application of even more toxic herbicides. Monsanto also promotes farming practices that severely exacerbate climate change by requiring excessive water and energy, and promoting massive deforestation to provide land for genetically modified agriculture More...

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LEAK: U.S. Using Taxpayer Dollars to Promote Monsanto Overseas
by Anthony Gucciardi
Posted May 25, 2013

genetically modified foodMonsanto truly has the United States government in the palm of its bloody proverbial hand.Just when you thought the latest Supreme Court ruling in favor of Monsanto's anti-farmer patent policy was enough evidence of Monsanto's deep relationship with the US government, hundreds of new cables from the State Department and embassies around the world reveal that your taxpayer dollars are being used to push Monsanto's genetically modified seeds.

Even mainstream news websites like Reuters are now reporting on the cable details, as it becomes more than crystal clear that the United States government is literally assisting Monsanto in promoting it's health-crushing genetically modified seeds and escalating the corporation above the law. The same corporation busted for running slave-like work rings where 'employees' were required to work on the GMO corn fields for up to 14 hours a day or have their pay withheld. More...

This article highlights the control that Monsanto has over government.

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Billionaires Unchained: America is a Democracy of the Wealthy
by Andy Kroll
Posted May 23, 2013

I want moreBillionaires with an axe to grind, now is your time. Not since the days before a bumbling crew of would-be break-in artists set into motion the fabled Watergate scandal, leading to the first far-reaching restrictions on money in American politics, have you been so free to meddle. There is no limit to the amount of money you can give to elect your friends and allies to political office, to defeat those with whom you disagree, to shape or stunt or kill policy, and above all to influence the tone and content of political discussion in this country.

So what is dark money? How does it wind up in our elections? Say you're a billionaire and you want to give $1 million to anonymously influence an election. You're in luck: you can give that money, as many donors have, to a nonprofit organized under the 501(c)(4) section of the tax code. That nonprofit, in turn, can spend your money on election-related TV ads or mailers or online videos. But there's a catch: unlike super PACs, the majority of a 501(c)(4) nonprofit's work can't be political. Note, though, that where the IRS draws the line on how much politicking is too much, and even what the taxman defines as political, is very murky. And until Congress and the IRS straighten all of that out, donors wanting to influence elections have a mostly scrutiny-free way to unload their money. More...

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Obama in Plunderland: Down the Corporate Rabbit Hole
by Norman Solomon
Posted May 15, 2013

Government bought and paid forThe president's new choices for Commerce secretary and FCC chair underscore how far down the rabbit hole his populist conceits have tumbled. Yet the Obama rhetoric about standing up for working people against "special interests" is as profuse as ever. Would you care for a spot of Kool-Aid at the Mad Hatter's tea party?

To nominate Penny Pritzker for secretary of Commerce is to throw in the towel for any pretense of integrity that could pass a laugh test. Pritzker is "a longtime political supporter and heavyweight fundraiser," the Chicago Tribune reported with notable understatement last week, adding: "She is on the board of Hyatt Hotels Corp., which was founded by her family and has had rocky relations with labor unions, and she could face questions about the failure of a bank partly owned by her family. With a personal fortune estimated at $1.85 billion, Pritzker is listed by Forbes magazine among the 300 wealthiest Americans." More...

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Why Does Exxon Control the No-Fly Zone Over Arkansas Tar Sands Spill?
by Steve Horn
Posted April 8, 2013

corporate no fly zoneThe Federal Aviation Administration (FAA) has had a "no fly zone" in place in Mayflower, Arkansas since April 1 at 2:12 PM and will be in place " until further notice," according to the FAA website and it's being overseen by ExxonMobil itself. In other words, any media or independent observers who want to witness the tar sands spill disaster have to ask Exxon's permission.

Mayflower is the site of the recent major March 29 ExxonMobil Pegagus tar sands pipeline spill, which belched out an estimated 5,000 barrels of tar sands diluted bitumen ("dilbit") into the small town's neighborhoods, causing the evacuation of 22 homes.

The rules of engagement for the no fly zone dictate that no aircraft can fly within 1,000 feet of the ground in the five-mile radius surrounding the ExxonMobil Pegasus tar sands pipeline spill. The area located within this radius includes the nearby Pine Village Airport. More...

Click here for a story on how Exxon has locked down the town of Mayflower AK to keep information abouot the spill from "leaking" out.

It is so sad that our nation has degenerated to the point where corporations can now declare no-fly zones over U.S. airspace.

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Senate Passes Monsanto Protection Act
by Anthony Gucciardi
Posted March 26, 2013

Monsanto genetic mutationIn the typical slippery nature of Monsanto's legislation-based actions, the biotech giant is now virtually guaranteed the ability to recklessly plant experimental GM crops without having to worry about the United States government and its subsequent courts. The Monsanto Protection Act buried deep within the budget resolution has passed the Senate, and now nothing short of a presidential veto will put an end to the ruling.

In case you're not familiar, the Monsanto Protection Act is the name given to what's known as a legislative rider that was inserted into the Senate Continuing Resolution spending bill. Using the deceptive title of Farmer Assurance Provision, Sec. 735 of this bill actually grants Monsanto the immunity from federal courts pending the review of any GM crop that is thought to be dangerous. Under the section, courts would be helpless to stop Monsanto from continuing to plant GM crops that are thought even by the US government to be a danger to health or the environment. More...

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Riddled With Corruption: Two More Public Officials "Cash In"
By Mike Whitney
Posted March 19, 2013

Shapiro cashes inIs there anything more maddening then watching elected officials and regulators cash in for their time in office?

Here's two more names you can add to the list: Former SEC chief Mary Schapiro and ex-US Senator Scott Brown (R-MA). Schapiro, the feckless sellout who accomplished absolutely zero as chairman of the once-feared Securities and Exchange Commission, is pegged to join General Electric's board of directors. According to an article in Marketwatch:
"GE Chairman and Chief Executive Jeff Immelt said Ms. Schapiro's experience overseeing U.S. financial markets and understanding of corporate governance and financial regulation will benefit the company."

What an outrage! Can you imagine how subservient you'd have to be to get rewarded by the very industries you were supposed to regulate? If Schapiro had ever lifted a finger against GE or any of the other monster corporations that run the country, her career would now be kaput. Instead, she's going to rake in millions for sleeping through tedious board meetings where she'll contribute absolutely zilch. Such a deal. More...

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Whiny Billionaires in Need of Sequestration
by Robert Scheer
Posted March 8, 2013

Lower tax rate than his pool boyThe suddenly increased national debt is primarily the result of a deep recession caused by the top bankers and hedge fund hustlers of Wall Street, saved from their folly by massive and costly federal intervention. The result has been a season of obscene profit for them, while the rest of the nation has floundered. But instead of making the rich pay, ordinary citizens will be visited with job furloughs and a savaging of public services that often are lifesaving.

What is truly outrageous about Schwarzman is not the $213.3 million he got last year from Blackstone, the private equity company where he has long been the CEO. Heck, he "earned" that much the previous year and has been raking it in since he co-founded the company back in 1985. What is startling, and it goes to the hubris of America's most wealthy at the heart of the current sequester impasse, is that he thinks the more than $1 billion he and eight other private equity executives got in compensation last year should continue to be taxed at the "carried interest" rate of 15 percent, rather than the 35 percent reserved for ordinary income. More...

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Meet 6 Politicians Getting Rich from America's Endless Wars
by John Knefel
Posted February 25, 2013

money in politicsThe defense industry is a powerful and influential lobby. War is a racket, and perpetual war is a money-printing machine. Though the defense industry as a whole contributes relatively little to members of Congress compared to, say, the pharmaceutical lobby, it remains an incredibly powerful and influential lobby. Below are the six members of the House whose primary industry donor in the 2012 election cycle was the defense sector. More...

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Billionaire Burglar Breaks into Obama's Cabinet
by Greg Palast
Posted February 17, 2013

Billionaire burglarWe never heard of this guy Barack Obama until 2004. Less than three years before taking the presidency, he was in the Illinois state senate, a swamp of scammers, backhanders, and party machine tools - not a stellar launch pad for the White House. And then, one day, state Sen. Barack Obama was visited by his fairy godmother. Her name is Penny Pritzker.

Penny's from Heaven?

Pritzger's net worth is listed in Forbes as $1.8 billion, which is one hell of a heavy magic wand in the world of politics. Her wand would have been heavier, and her net worth higher, except that in 2001, the federal government fined her and her family $460 million for the predatory, deceitful, racist tactics and practices of Superior, the bank-and-loan-shark operation she ran on the South Side of Chicago. More...

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Rumored Treasury No. 2, Lobbied Regulators For Morgan Stanley, A Lot
by Mark Gongloff
Posted January 17, 2013

Porat lobbyistPresident Obama's pick to run the Treasury Department isn't much of a financial reformer. And it looks like his potential pick for Treasury's No. 2 spot might not be, either: She actively lobbied for Wall Street.

Obama is reportedly considering tapping Morgan Stanley chief financial officer Ruth Porat to be the "number two" at Treasury under his pick for Treasury Secretary, Jack Lew. Picking Porat would address two problems for Obama: the notable lack of women named so far to his second-term cabinet, and Lew's professed lack of financial expertise.

But it might create yet another headache: Though Porat is accomplished and apparently knows financial markets, she has also frequently lobbied regulators over the rules in the Dodd-Frank financial-reform law, according to an incomplete tally by the Sunlight Foundation. A strong regulator might have made a good deputy for the budget-focused Lew. It is hard to imagine that Porat, who has spent the past couple of years arguing Wall Street's case to regulators, will be that regulator. More...

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"Failure of Epic Proportions": Treasury Nominee Jack Lew's Pro-Bank, Austerity, Deregulation Legacy
Video Discussion with William Black and Matt Taibbi
Posted January 13, 2013

 

Former bank regulator William Black and Rolling Stone's Matt Taibbi join us to dissect the career of Jack Lew, President Obama's pick to replace Treasury Secretary Timothy Geither. Currently Obama's chief of staff, Lew was an executive at Citigroup from 2006 to 2008 at the time of the financial crisis. He backed financial deregulation efforts while he headed the Office of Management and Budget under President Bill Clinton.

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