Monday, April 30, 2012

Tea Partiers Who Opposed Bank Bailout Take Campaign Donations From Bailed-Out Banks - Travis Waldron


Tea Party-backed candidates swept into Washington in 2010 on a wave of opposition to bank bailouts. Now that they’re in Washington, however, their campaigns are drowning in campaign cash provided by the very banks that benefited from the Troubled Asset Relief Program.

The 10 freshmen Republicans on the House Financial Services Committee who have Tea Party backing have taken more than $100,000 from the political action committees affiliated with JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs — the nation’s five largest banks.

The Tea Party hasn’t succeeded in ending “too big too fail” because they haven’t tried. Though the five biggest banks are now bigger than they were before the financial crisis, the Tea Party members haven’t proposed a single piece of legislation to limit their size. Instead, they’ve focused on repealing financial reform and blocking efforts to protect consumers from Wall Street’s predatory practices.

The full article is available here

Thursday, April 19, 2012

Corporations Spending The Most On Lobbying See Their Tax Rates Drop - Rebecca Leber

Two-thirds of the largest 200 U.S. corporations lobbied on at least one tax bill between 2007 and 2010, and here’s why: the majority of them ended up paying lower taxes in 2010.

The eight major corporations that spent the most on lobbying, for a total $540 million, all saw their tax rates decrease. According to a Sunlight Foundation report, the odds that those companies saw lower rates merely by chance is less than 1 in 100. The odds that six of those corporations paid seven percentage points less is even lower, at only 1 in 100,000.

Instead, the reduction was likely a result of their presence in Washington, lobbying for tax giveaways.

The full article is available here

Thursday, April 5, 2012

The "Voter Fraud" Fraud - Ari Berman

Between 2000 and 2007, there were 32,299 UFO sightings in the United States, 352 deaths caused by lightning, but only nine cases of voter impersonation, according to a great new infographic by Craiglist founder Craig Newmark.

Yet conservatives continue to hype the extremely rare occurrence of election fraud as if it were a widespread problem and is somehow responsible for the election of Obama. And there is evidence that they’ve been successful in pushing this fact-free narrative among the broader public.

In 2009, Peter Dreier and Christopher Martin of Occidental College studied the media coverage of ACORN during the 2008 election and concluded:
  • 82.8% of the stories failed to mention that actual voter fraud is very rare
  • 80.3% of the stories failed to mention that ACORN was reporting registration irregularities to authorities, as required by law
  • 85.1% of the stories about ACORN failed to note that ACORN was acting to stop incidents of registration problems by its (mostly temporary) employees when it became aware of these problems
  • 95.8% of the stories failed to provide deeper context, especially efforts by Republican Party officials to use allegations of "voter fraud" to dampen voting by low‐income and minority Americans, including the firing of U.S. Attorneys who refused to cooperate with the politicization of voter-fraud accusations—firings that ultimately led to the resignation of U.S. Attorney General Alberto Gonzales
The real story in 2012 is how the myth of voter fraud has been advanced by Republicans to justify new voting restrictions in more than a dozen states, which could disenfranchise up to 5 million voters on Election Day, according to the Brennan Center for Justice. That’s a whole lot of casualties in response to a few bad actors.

The full article is available here

Monday, April 2, 2012

When Politicians Hit Wrong Notes - Dave Whitaker

The GOP isn’t unique in the art of foot-in-mouth disease, but 2012 is proving a banner year for the party with the pachyderm mascot to wade knee-deep in elephant dung. The Republicans just can’t stop picking campaign songs without first securing the rights.

Candidates are supposed to get permission from ASCAP (American Society of Composers, Authors and Publishers) to use copyrighted music in any kind of public performance. However, the Grand Old Party seems to have developed a Grand Old Tradition of failing to do so – or at least, failing make sure the act they’re playing is actually on board with the politician.

This classic stumble can be traced back to 1984. When President Ronald Reagan was running for re-election, he cited Bruce Springsteen as representative of the American dream. What he failed to realize is that “Born in the U.S.A.”, Springsteen’s hit at the time, was not a flag-waving anthem but a seething attack on the poor treatment received by Vietnam veterans when they came home. Oops.

I don’t deny there are ample bone-headed errors from both sides of the political fence. When it comes to politicians associating themselves with music, though, the Republican party has a runaway lead on hitting sour notes.

The full article is available here

Sunday, April 1, 2012

A New Green Agenda for Commuters - The Nation

The huge difference between the thinking of Republicans and Democrats disappears when it comes to gas prices. Both subscribe to the same dubious premise: we can lower prices by increasing supply. But over the past decade, such policies have had little effect on the global oil market.

It’s time to change our approach: rather than trying to increase supply in a vain attempt to cut prices, progressives should be embracing policies that will reduce the amount of gasoline we use, thus reducing the impact of prices on household budgets and the national economy.

Progressives should establish a new green agenda that takes the dialogue away from the empty promises of Republicans, who persist in the fantasy that more drilling will bring lower prices. We have much to gain if we make energy (and by extension the environment) a tangible pocketbook issue for the middle class. Instead of talking about abstractions like green jobs and green energy, candidates have to focus on greener rides—and greener wallets.

Three big policy initiatives could put families back in control of their money and their lives: a loan guarantee program for efficient cars, a set of incentives that involve employers in worker transit, and a reorientation of highway and transit funding to encourage innovation and choice in transit. As I’ll discuss below, these strategies—while markedly different from most of the green proposals under discussion—deliver large environmental, economic and political benefits quickly, while building a platform for deeper cuts in carbon emissions and larger markets for green services in the future.

The full article is available here