Results tagged “corporatism” from onegoodmove

Corporate Free Speech - Chris Dodd

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Corporate Free Speech - Chris Dodd
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Employee Free Choice Act

Bridge Loan or Bridge to Nowhere

It's difficult to say whether the bridge loan Congress will likely give to the auto industry is a good idea or just another bridge to nowhere. My view is that a loan is probably the best option, that it will be less costly in the long run. I may be wrong about that, but one thing is clear to me. The criticism of the bailout that takes the form of "if there's one thing worse than Detroit managed by the managers who have been driving the American auto industry into the ground it's Detroit managed by politicians."

The argument is a red herring. Congress isn't proposing to manage the auto industry, but to put guidelines in place that will provide direction, guidelines it should have instituted years ago. It is to enforce the kind of rules that would, had they been in place helped the car industry do the right thing all these years. Enforcing tough CAFE standards for example wouldn't have told Detroit how to build cars, but it would have required them to build fuel efficient cars. And if Congress now sets realistic but tough environmental rules, the Detroit managers will use their expertise to design hybrids, electric cars, whatever it takes to meet those standards. That is not managing that is looking out for the long term interest of the country.

There are always requirements when money is loaned, whether the loan comes from private interests or government. An example could be limits on how the money is spent. Monitoring that spending is not managing the car industry it is making sure that the interests of overpaid executives, who often look only at short-term profits and their next bonus, are not confused or conflated with the country's interest. When corporate behavior harms the nation government is failing in its responsibility if it fails to act. The decision needs to be made on what is in the country's interest and nothing else.


A government-run auto industry
Study: Auto bailout less costly option

Delicious Irony

Hopes Dim for Quick Bailout for Automakers

End Corporate Rule

Matt Taibbi on Bill Maher with a segment that highlights the problem neither major party seems willing to address, the coporate ownership of our country. And while I expect phony free speech zones from Republicans I find it distressing that the Democrats do the same thing.

Related: Massive police raids on suspected protestors in Minneapolis

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Real Time w/Bill Maher
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Ralph Nader Interview

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Nader on Limbaugh


Nader On Consumer Protection

Will the Chain be Unbroken?

contributed by Charles Lemos

The link in the chain that Americans have to break is the all too cozy and financial relationship between corporatist interests and the political arena. All of the candidates have ties to corporate money and are subject to undue influence from corporations. Will that chain be unbroken once he or she is in office?

Are we this politically obtuse? Or are we just forgetful of their own past? Do I have to pretend that I am Thomas Paine, Alexander Hamilton, John Jay, James Madison who between them wrote four of the most amazing documents ever written: Common Sense, The Rights of Man, The Constitution and The Federalist Papers. How do I remind you that one of the many things that the Founding Fathers railed against were corporations?

The Founding Fathers largely feared them. They saw them as a threat to democracy and as inhibiting good governance. Guess what, they weren’t wrong then and their warning is one we should heed quickly for we have seemed to have forgotten those paternal admonishments. Did they perhaps waste their time in vain? We find ourselves in a very bitter reality again. All of the candidates are tied to someone with more money than God, and plenty of that silly notion as well on both sides. Will those two chains be unbroken? When? When do you start? In another four years perhaps? When will all these chains be unbroken? I’d like to know.

Continue reading "Will the Chain be Unbroken?" »

Capitalist Pigs

Unfettered capitalism at work

KUER Interview

Here is the study Usury Law and the Christian Right: Faith Based Political Power and the Geography of the American Payday Loan Regulation

NPR affiliate KUER has a great interview with Utah law professor Christopher Peterson coauthor of the study. (tip to ME) This is a mandatory listen. Listen or be banned from OGM :) A note for the right-wing apologists: Personal responsibility is a two way street. It applys both to the lenders and borrowers. The playing field is however not equal, and it is the role of government to level that field.

Payday lending prospers in conservative Christian areas - Salt Lake Tribune:
“The Bible contains numerous passages condemning usury, an abusive lending practice older than money itself.

    Yet, the "payday" lending industry, which charges interest rates often double those of organized crime loan-sharking syndicates, is more prevalent in Utah and other states where conservative Christians hold political sway, according to a study co-authored by a University of Utah law professor.

    "A generation ago, populist Christian leaders were among the most aggressive opponents of usurious lending. But today, many Christian leaders take large campaign contributions from the credit industry and no longer support the biblical injunction against usury in public life," says Chris Peterson, whose research will be published in Catholic University Law Review.

    The industry has boomed since anti-usury laws were relaxed around the nation in the early 1980s. Today there are more than 24,000 payday outlets, a fivefold increase since 1995.

    In a typical payday lending transaction today, borrowers write a check for $60 above the amount of a $300 loan, postdating it two weeks out. If borrowers fail to get money into their accounts to cover the checks, they can be hit with fees and interest that drive up the cost of the loan to as mush as $800, industry critics say. Expressed as an annual rate, interest is typically 450 percent, which industry representatives justify because these loans are risky.”

To The Point On The Mortgage Crisis

The mortgage crisis, a crisis caused in large part by the greedy corporate fucks in the mortgage banking industry is at the root of our current economic woes.

The Fed in an attempt to stave off a worse crisis lowered interest rates. So you'd think you could get a better rate on a mortgage today, but you'd be wrong.

Reeling from their self-inflicted losses the bankers are using the lower rates they get their money at as a tool to screw the consumers a second time. Lower rates no, higher profits yes.

A good example of unfettered capitalism at its best.

Links: Fed Interest-Rate Cuts Fail to Lower Borrowing Costs

Links With Your Coffee - Saturday


  • Corporations Given ‘Human Rights,’ Humans Are Denied Them -
    In evaluating allegations that U.S. military forces deprived four British men of human rights during two years they were held captive in Guantanamo Bay prison, a U.S. appeals court found an innovative way to let the Bush administration off the hook. Two of three judges ruled the men — because they are not U.S. citizens and, technically, were not imprisoned in the U.S. — were not legally “persons” and, therefore, had no rights to violate.

    While those judges were defying common sense and decency by denying legal personhood to living human beings, an appeals court in Boston has been reviewing an April 2007 decision by Federal Judge Paul Barbadoro that engaged in a different form of judicial activism — granting human rights to corporations.

    Barbadoro struck down a New Hampshire law that prevented pharmaceutical corporations from learning exactly what drugs doctors prescribe and how much they prescribe. The law aims to protect doctors and, indirectly, their patients, from drug companies pressuring doctors to choose their products.

    The judge’s grounds? He claims corporations, as legal persons, have “free speech rights” that would be infringed by such a measure.

  • A Sneak Peak at the Real CPAC Agenda
    9:00 AM - Kippers with the Gippers: Breakfast and Welcoming Remarks by Ronald Reagan Impersonators

    10:00 AM - Workshop: How to Make a Citizen’s Arrest of the Undocumented Workers Who’ve Just Finished Serving You Breakfast

  • StumbleVideo - Truth in advertising II(tip to Jill)

  • How to Respond to a Supercilious Christian | Rational Responders
    Not all Christians are supercilious, of course. Many are content to live and let live, and some even grant that science (despite its lack of supernatural entities) does some good. But Christianity as an organized, evangelizing movement has been on the offensive lately. Witness the new wave of evangelicals and their leaders such as Rick Warren, Lee Strobel, and William Lane Craig with their aggressive stance against scientific materialism and their bestselling books attempting to refute science. So, assuming you're an atheist, what do you say to the theist who asks, "You don't (chuckle) believe in a god (snicker)?"

  • Questions for Dr. Retail - New York Times (David Brooks)
    Hillary Clinton is a classic commodity provider. She caters to the less-educated, less-pretentious consumer. As Ron Brownstein of The National Journal pointed out on Wednesday, she won the non-college-educated voters by 22 points in California, 32 points in Massachusetts and 54 points in Arkansas. She offers voters no frills, just commodities: tax credits, federal subsidies and scholarships. She’s got good programs at good prices.

    Barack Obama is an experience provider. He attracts the educated consumer. In the last Pew Research national survey, he led among people with college degrees by 22 points. Educated people get all emotional when they shop and vote. They want an uplifting experience so they can persuade themselves that they’re not engaging in a grubby self-interested transaction. They fall for all that zero-carbon footprint, locally grown, community-enhancing Third Place hype. They want cultural signifiers that enrich their lives with meaning.

The Predators

A nice discussion of those who prey on the poor, those who prey on the unsophisticated, those greedy bastards who hide behind a corporate facade. They are the payday lenders, the sub-prime mortgage lenders, they are the new mafia. They don't send out their goons to break arms. They pay politicians to pass laws to help them enforce their immoral behavior.

Barack Obama voted against limiting credit card rates to 30% because it wasn't good enough. What the fuck?

I don't know who I'll support if an Edwards miracle fails. I had been leaning towards Obama, but I thought Hillary was better on the issues tonight, not as good as Edwards, but better than Obama.

Transcripts: Part 1 -- Part 2 -- Part 3

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Corporate Crooks

Indeed, corporations are not individuals. They don't get a seat at the table. We don't need to compromise with corporations. They don't get a vote. When it comes to governance the only voice we should listen to is that of individuals who want to suggest ways in which certain policies can help insure that business benefits the country. What is good for business is not always good for the country in spite of what Republicans and Corporate Democrats may say. We need to separate the what is good for the country from the what is good for the amoral often immoral best interests of a legal structure that defines how a business operates. Jon Edwards understands this, I'm not sure the others do. Many corporations are stealing what is good about the United States. They must be stopped.

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Ralph Nader

Ralph Nader's opinion of John Edwards. He likes John's anti-corporate message.

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Hardball w/Chris Matthews

Sub-Prime Mortgages Explained

Brits John Fortune and John Bird explain sub-prime mortgages. (tip to Brandon)

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Naomi Klein - Corporatism

Bill interviews Naomi Klein author of The Shock Doctrine: The Rise of Disaster Capitalism
more from Naomi Klein Greenspan and the Myth of the True Believer

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Real Time w/Bill Maher
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