A Scandal Within a Scandal

New York Attorney General Eric Schneiderman has been unceremoniously kicked off the panel of state AGs negotiating a sweetheart deal with the big bank scammers over the robo-signing foreclosure fraud mess, because he wouldn't go along to get along.  He was being too mean to Wall Street, and throwing a monkey wrench in the works, as New York Fed member Kathryn Wylde so bluntly put it Monday.  He is insisting on treating the bankers as suspected criminals rather than the fine upstanding community parasites they are. (see my previous post).

The man doing the kicking was Iowa Attorney General Tom Miller, head of the 50-state panel investigating working with the banks on a simple settlement to make it all go away, quickly. Since the whitewash probe started last year, Miller's campaign war chest has received $261,445 in donations from the financial services industry -- 88 times the total of all contributions he had received in the past decade, according to findings of the National Institute on Money in State Politics.(NIMSP) 

Miller, a Democrat, was in the midst of a tough re-election battle as he took over the investigation -- and the out-of-state money began pouring in.  From the Des Moines Register:

Miller said the (NIMSP) report “is false or misleading from the start to the finish,” noting that almost all of the specific contributors listed in the report are not involved in the foreclosure irregularity issue.
Furthermore the report compares Miller’s campaign finances with other recent elections, including in 2006 when he ran unopposed. The comparison is unfair, he said.
“It’s riddled with misrepresentations and falsehoods,” Miller said. “But the main falsehood is that these people had vested interest in the investigation. None did except for two that give $15,000 and have been longtime friends of mine.”

So  -- only two of his pals compromised the investigation, thus ameliorating the whole conflict-of-interest miasma of corruption, huh?  This admission seemingly takes Miller's involvement well beyond the mere "appearance of impropriety."  The Dubuque Telegraph Herald certainly smelled a rat. From a May 1 editorial: 

Maybe Iowa Attorney General Tom Miller has done nothing wrong in accepting campaign donations from finance, insurance and real estate companies. But the appearance, at face value, of a conflict of interest is so strong, Miller has more explaining to do. Last fall, it was Miller who led the charge against Big Banks' improper foreclosure practices, but lately, he seems much more low-key about the pursuit of lenders who forced families out of their homes. A report published last week by the National Institute on Money in State Politics suggests one reason Miller has eased off the accelerator has to do with a war chest full of big donations.

This begs the question: who investigates a state attorney general, the chief law enforcement officer of the state, for possible corruption?  Eric Holder?  Don't hold your breath: if he's going after anyone, it's Schneiderman.  Besides, Tom Miller and Obama go way back.  He was instrumental in ensuring Barack's victory in the Iowa when he was still a relative unknown, saying in February 2007: "Endorsing a candidate this early is no ordinary occurrence in the Iowa caucuses - but Barack Obama is no ordinary candidate."  (little did we know then just how out of the ordinary).


Iowa AG Tom "Unconflicted" Miller

 Meanwhile, calls for the resignation of Kathryn Wylde for her own brand of conflict of interest have started popping up. There was that one demand from an activist group last March, (previous post), and now macroeconomic analyst Barry Ritholtz of The Big Picture is ramping it up, noting Wylde is supposed to be representing the public  from her seat on the New York Fed.  But, he writes, the fact that Wylde seems to think her job is defending Wall Street over the real victims of the mortgage debacle is not all that surprising and is merely paralleling the pro-bank stance of the Obama Administration:

I do not know if Ms. Wylde understands what her proper role should be, but clearly she is somewhat confused. She appears to be far more interested in representing the banks than the public.
Note that the Federal Reserve (and indirectly, the NY Fed) are conflicted players in this. On the one hand, they are supposed to be bank regulators (a task they have performed poorly). But they are also substantial investors in the banks, and their  regulatory oversight role is obviously conflicted.
There have been all manner of criminal and civil trespasses committed, and we should find out who ordered them, who committed them and why. AG Schneiderman should continue investigating the robo-signing, bring civil and criminal charges where necessary.
Recall that the original problems came about in large part due to Alan Greenspan’s Nonfeasance — the failure to perform his professional obligations of oversight and regulation. That any member of the Federal Reserve or NY Fed wants this closed before any investigation has been undertaken is a scandal of the highest magnitude.
Kathryn S. Wylde, and any other Fed member shirking their duties and committing nonfeasance should step down immediately.

Wylde is a very busy woman, with many fingers on the pulse (or in the pie) of New York. From her bio:

An internationally known expert in housing, economic development and urban policy, Wylde serves on a number of boards and advisory groups, including the Federal Reserve Bank of New York, the New York State Commission to Modernize the Regulation of Financial Services, the Mayor’s Sustainability Advisory Board, NYC Economic Development Corporation, The Legal Aid Society, NYC Leadership Academy, the Research Alliance for NYC Public Schools, the Manhattan Institute, the Biomedical Research Alliance of New York, and the Special Commission on the Future of NYS Courts.

Along with the Iowa attorney general, Wylde just does not see any conflict of interest. As she so blithely put it in an email to the Huffington Post in defending her defense of Wall Street, the banks she does not regulate "leave their institutional identities at the door and work with us on challenges facing the city and state."  (translation: buying off Gov. Andrew Cuomo via her "Committee to Save New York" lobbying cabal, getting him to dump the millionaires' surtax, leading to a budget deficit, leading to the announced layoffs today of over 700 teachers in New York City alone).

Appearance of impropriety or not, these Wall Street hacks and defenders of justice simply don't seem to care what we think.  Let them keep shooting their mouths off.  They're drowning in their own B.S.

Chutzpah, Oligarch Style

Rumors have been swirling that too-big-to-fail Bank of America is on the verge of collapsing under the weight of its own greed and corruption.  Its stock has lost a third of its value in the past few volatile  weeks.  Its foreclosure robo-signing fraud settlement with the Feds is being delayed by an upstart attorney general who has the temerity to be doing the right thing by the victims, and not accepting a piddling settlement from the bank.

The feds have no jurisdiction over what New York AG Eric Schneiderman does regarding his own investigation and prosecution of BoA, but that hasn't stopped the Obama Administration from trying.  According to a New York Times article by Gretchen Morgenson,  the Obama Justice Department and HUD are putting pressure on Schneiderman to just drop whatever he's doing and agree to their overly generous deal. Blogger Yves Smith of Naked Capitalism, (thanks to Denis Neville for the link) who has been covering this banking scandal drama better than anyone, today came right out and said it: the Obama Administration is just plain corrupt:

Admittedly, corruption among our elites generally and in Washington in particular has become so widespread and blatant as to fall into the “dog bites man” category. But the nauseating gap between the Administration’s propaganda and the many and varied ways it sells out average Americans on behalf of its favored backers, in this case the too big to fail banks, has become so noisome that it has become impossible to ignore the fetid smell.

The Administration has now taken to pressuring parties that are not part of the machinery reporting to the President to fall in and do his bidding. We’ve gotten so used to the US attorney general being conveniently missing in action that we have forgotten that regulators and the AG are supposed to be independent. As one correspondent noted by e-mail, “When officials allegiances are to El Supremo rather than the Constitution, you walk the path to fascism.”

Luckily for us, though, this White House is so inept that the blatant strong-arming is being done right out in the open, for an unbelieving public to gawk and gasp at. The so-called "attack dog" unleashed by the White House/Wall Street cabal is one Kathryn Wylde, pal of Timothy Geithner and board member of the New York Fed. She had the bad taste to actually confront Schneiderman at the funeral of former Governor Hugh Carey last week and demand he leave her poor Wall Street alone! When it comes to entitled boors, apparently nothing is sacred if it interferes with the pursuit of the almighty dollar.  Not even the funeral of a governor.


 Kathryn Wylde gets around.  Not only is she on the board of the Fed, she started a big business lobbying group called "Partnership for New York City", made up of bankers and real estate moguls.  She then went on to spawn the "Committee to Save New York" whose main purpose was to kill the so-called millionaire surtax in New York State, thus leading to one of those manufactured debt crises we have come to expect.  As a result, the state has imposed draconian teacher and public employee layoffs, decreased government services and massive cuts to the Medicaid program.  Wylde's group also has close ties to newly elected Governor Andrew Cuomo, another Wall Street lackey conserva-dem in the Obama mold.  The group ran a whole series of campaign-type TV ads earlier this year, simply to thank their bought-and-paid-for governor for making them even richer.  If Cuomo hadn't "saved" the wealthy, according to Wylde, there would have been a mass exodus of hedge fund managers (and their campaign contributions) to Greenwich, CT! 


Kathryn of Oligarchia


Kathryn Wylde apparently has not learned the trick of any oligarch worth his salt: keeping a low profile and not whooping with glee in TV commercials when the banksters catch yet another break. The political art of lying is not in her skill set. Asked about her run-in with Scheiderman, she bragged to The Times that she told the AG: "It is of concern to the industry that instead of trying to facilitate resolving these issues, you seem to be throwing a wrench into it. Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible." (fraud and grand larceny are okay, but maybe murder might cross her line).


 This spring, a group of activists actually showed up at her house and demanded that she quit her job.  Here is the clip  (she seems polite in a shell-shocked sort of way -- notice how she's clenching the railing of her front porch as the hippies converge!)


Meanwhile, Eric Schneiderman has been joined by a few other state attorneys general in Just Saying No to the Obama Administration's strong-arm tactics.  They include Beau Biden of Delaware, son of the vice president.


P.S.  If you'd like to drop a line of support to Schneiderman, you can do so here.

Richie Rich Goes to Washington

Just when we were finally convinced that Congress is but a giant shill for the millionaires, Roll Call comes out with its annual list of the 50 richest legislators -- and it turns out that Congress is truly one great big shill for itself.  Minimum requirement to make this year's top 50? A net worth of at least $6 million. If you are a mere millionaire, as are two thirds of Congress, you're a comparative pauper.


The biggest surprise this year was that a relative unknown (outside of Texas, that is) beat out last year's winner, alleged arsonist and car thief Darryl Issa, to top The List. Mike McCaul, representing the 10th Congressional district (a long and winding road from Austin to Houston, courtesy of Tom Delay-machinated redistricting), saw his net worth increase by a stunning 300 percent, to $294.21 million, thanks to a very generous Sugar Daddy-in-Law.  McCaul's wife is the daughter of Lowry Mays, CEO of Clear Channel Communications, the media conglomerate most famous for being the home of Right Wing Hate Radio. One of McCoul's biggest fans is Rush Limbaugh, so the money machine grinds in an endless closed circle.  Clear Channel pays Limbaugh millions to spew his hate, and the millions he generates in ad revenue go to Clear Channel, and Clear Channel bestows its largesse upon McCaul, and McCaul makes the laws to benefit the in-laws and Rush and Clear Channel. Round and round it goes, and it never stops.  Hate springs eternal.


But never mind all that. McCaul self-righteously voted in favor of the Broadcast Decency Act because he doesn't want tender ears exposed to F-bombs:

"It's my hope that (this sends) a clear message to American broadcasters to be very careful about what they allow on our publicly regulated airwaves. As a father of five young children, I shouldn't have to worry about my kids seeing or hearing trash on our radios or televisions. It is not too much to expect our airwaves to keep it clean while our children are watching or listening." (McCaul press release).

But racist tirades and misogynistic jokes?  Fine with him.  As a matter of fact,  Rush hosted a private fund-raiser for McCaul, who tried to keep it secret and banned the press. (Limbaugh had just called Sonia Sotomayor a reverse racist and more and McC said nothing).  But Rick Perry was there to make Rush an honorary Texan, and he just couldn't resist posting the video to YouTube.  McCaul is the guffawing guy in the blue tie, to Rush's right. 

McCaul, Limbaugh, Perry

McCaul has been rated one of the most right-wing Republicans in Congress. As a former Justice Department attorney and chairman of the Subcomittee on Homeland Security, he has advocated increased high tech surveillance at the border and also sponsored legislation calling for an army of vigilantes, including the Minuteman Project, to patrol the Mexican border:

McCaul's bill would create a "Border Corps" of volunteers, trained and equipped by the federal government to assist the U.S. Border Patrol in fortifying U.S. borders. 

The congressman said it would be up to Homeland Security Department officials whether Border Corps volunteers would be armed. He said the Border Corps volunteers would act as "the eyes and ears" of U.S. Border Patrol officers. 

McCaul said he had not assessed how much money his proposed Border Corps would cost the taxpayers. 

When asked about the possible danger of volunteers patrolling U.S. borders, McCaul said, "I would submit that the current situation is dangerous in that you have volunteers down there who are completely unsupervised and without adequate training."  (Cox News)

Here are a few more fun McCaul quotes and factoids:

He voted against the Affordable Care act, stem cell research, the Dream Act granting amnesty to certain qualified undocumented immigrants (surprise!), relief for underwater homeowners, the auto bailout, education funding for returning Iraq and Afghanistan war vets.

But, he'd rushed back to Congress to make sure Terry Schiavo wasn't taken off life support. ("We are judged by the way we treat the most vulnerable among us and we must not allow any American to be deprived of the right to life without due process of law" he intoned at the time.)

He's sponsoring legislation that would forbid Congress members from naming pet projects after themselves. Says McCaul, owner of a mansion that he and his wife paid $3 million cash for: "It's a problem of perception that these projects receive special treatment because of the names they bear. When the American people see this it feeds the belief that members of Congress are arrogant and out of touch with the people we represent."

After evacuees from Hurricane Katrina flooded into Texas, McCaul called them "an interesting social experiment" and worried about the increased crime they might foment, given "their long history of government dependence."

Be It Ever So Humble, It's All in the Perception.

There's a lot more where that gift from Daddy-in-Law came from, so McCaul very sensibly and altruistically voted against the Death Tax, because: "Death should not be a taxable event. For too long the federal government has been taxing working Americans, not once, not twice but three times on their hard earned money. When they earn it there's an income tax, when they spend it there's a sales tax even when they die the government takes a tax from the grave."  (Yeah!  Power to the Rich People, Mikey!)


But I digress.  There are other rich Congress people to worry about. Among the top 50: Sen. Jay Rockefeller (an acceptable synonym for wealth if there ever was one); Sen. James Risch; Rep. Tom Price and Rep. Nan Hayworth.


In the interest of fairness, there are a few impoverished congress members as well. (They must be doing something wrong). Among the reps reporting a negative net worth are Sen Marco Rubio of Florida, Rep. Jerrold Nadler of New York, and deadbeat Tea Party dad Joe Walsh, who actually lost his condo to foreclosure. Forget reaching across the aisle to each other, these people need to learn how to reach into each other's pockets.  Just so long as they stay out of ours.

Where is the American Anna?

Guest Post by Jay -- Ottawa

Anna Hazare – the “Anna” of this man’s name is an honorific meaning “Elder Brother” -- is enjoying enviable success at throwing the forces of corruption in India into considerable confusion.  Common people are flooding the streets of several cities in support of his demands for reform.  The Arab Spring must be moving east, not west.  The “spark” in India is not a reform party or a last-straw incident throwing the street into rage; this spark is a person.  They call him Anna.

Here in the US our op-eds and blogs with endless lists of particulars against X, Y and Z politicians and big shots are soporifics for the Average Jane and Joe.  What’s the use of loading any more word bricks on the crooks or on the MSM with paragraphs from our commentariat’s elite, be they world-class witty, blue-collar sassy or lawyerly elegant?  Aren’t we just a band of brothers and sisters in retreat consoling ourselves with right thinking?  Is the nation any better today than it was a last year or the year before, despite our critical elite’s rapier essays?  And our sincere applause?  Poetry changes nothing.  Ask any poet.

Something more is needed to whip up an effective level of attention.  I’m about to tell you what that is.  Given the nature of the world and the needs of politics, what we sorely lack is a hero.  To turn the country around we need intelligence and justice and commitment incarnate in human form – we need an ‘Anna’ -- a hero of integrity who is a visionary, who is not reluctant to use power, who is determined to turn the ship of state around before the current crew runs it up on a sand bar to be cut up and carted away.  Progressives need a person of the first rank in the front ranks of reform.  Until a hero steps forward the intellectuals are as doomed as the ignorant.  Awareness never saved timid kings from the falling axe.  Why should it spare us who wail and wring our hands in the bottom half of the economic pyramid?

We have allies, like the New Progressive Alliance (NPA) -- Homework assignment: visit their website OFTEN.  The NPA has gone beyond our intellectualizing and finger pointing.  Much like that most famous of advance men, John the Baptist, the NPA is laying the groundwork, preparing the way for “The Hero,” someone with a record, not too young, not to old, a leader who identifies with the common citizen and who knows how to deal with the frauds who are now in charge of just about everything.  The NPA has completed its work on a political platform for the New Progressive Party.  They are building the infrastructure for a third party at the state level.  All they need….

All they need is a real person to fill the top spot and shift the center of gravity from cake to bread, from greed to care, from Wall to Main, from Dives to Lazarus.  The US has about 310 million people, not as large a population as India, but still, a large pool of talent.  Are there not 50, are there not 10, is there not even one person of stature and integrity to serve as a magnet to pull together all our resentments and all our hopes into one unstoppable force to set things right in America?  If such a hero ever steps forward to lead, so will academics and business people like the brain trust FDR assembled to implement the New Deal.  Think about it: Would there have been any New Deal without FDR, any Great Society without LBJ?  One politician can make it happen.

We need a hero, a real champion, a happy warrior who holds nothing back.  If there were such a man or woman to back for high office, so much of our eloquent closet talk would be transformed into notes of a positive crusade appreciated by the entire spectrum of our society. 

Ideas alone will never engage majorities, but heroes with ideas will.  If an Elizabeth Warren seized the banner of the NPA, would we set aside our petty differences and work as hard for her as we ever had for any other candidate?  Progressivism will never make headway until it is advanced by a charismatic leader.  Am I asking for too much: a Messiah; some kind of Deus ex Machina?  Probably.  But I see no other way out of our present difficulty.

The Real War Crime

Guest post by Anne Lavoie

Consider this: Lockheed Martin, GE, Raytheon, General Dynamics and Boeing are giant, wealthy corporations who have made most of their profits from war profiteering. Their wealth has come to them from a carefully laid out strategy conducted over many years, but the biggest payoff of all is close at hand  - fire sale prices on almost every public institution in our country, in every state and within the federal government due to the policy of Austerity. Hard to believe, but Endless Wars are simply not enough for these corporate Godzillas.

To get the full picture, realize that several of these corporations have deliberately and insidiously branched out from war/defense profiteering to becoming involved in nearly every public service the governments at federal and local levels provide, positioned to greedily benefit financially. They are wealthy enough to not just to have bought our federal government, but soon will be able to buy the states and anything else they want at bargain basement prices. The world is their oyster.

First they positioned themselves in the defense industry to profit from war. They then used their war profits, made from our tax dollars, to pay legislators to fund more spending on war equipment and supplies. Then they set up their corporate factories in nearly every Congressional district to influence the politicians with jobs and campaign contributions, again using money made from war profits, funded by our tax dollars. Then they had the audacity to use the same recycled tax dollars to get out of paying taxes on their profits, writing legislation and paying off our legislators to pass it, giving them tax breaks, loopholes, incentives, and refunds. They paid legislators to encourage and vote for war paid for with our tax dollars going to them, and gained more contracts to profit from those wars. We are now at the point where the country is nearly bankrupt from borrowing money for wars and paying for all the related ancillary costs to our society.  Even our Social Security funds went to them to pay for their wars.

They have not just stolen our democracy, they have stolen the wealth of the nation through endless wars conducted for their benefit. They didn't even have to fire a shot, not directly at us anyway. They let the 'enemies' do that, then made money with every shot fired, every tank blown up, every missile fired - more and more money for them as we replace equipment and supplies, not to mention the fallen soldiers themselves. Those war dead and all their suffering survivors are testament that theirs has been the cruelest, most hideous, and most selfish crime - death and destruction for corporate greed and power. A true war crime if there ever was one.

When you actually steal a precious Democracy and nearly crash a national economy, it is WAR in my book. A one-sided one that we have lost and they have won. These corporations are eager and waiting for the collapse of America so they can buy it up at bargain basement prices, then go on to the rest of the world to do the same. They want it all, and will get it, if we let them and if our paid-off government gives it to them.

Now consider this: Even individually these corporations are far and away wealthier than our entire country, because our country is $14 trillion in debt and mounting fast. Have you seen THEIR balance sheet? That's where our tax dollars went, so really those are our companies. They used OUR capital to make profits, profits that they don't believe in paying taxes on to save the nation. The Banksters are doing the same thing. Getting essentially free money and loaning it out at a profit. We all want that deal!

So I have a solution, and I don't care if it brings howls of derision. It is not to try to tax them. It is to nationalize all the war profiteering corporations, in the interest of National Security, of course. For once, let the government take on private wealth, not private debt, to save the nation. Then we can end the wars, liquidate their assets, resolve the debt immediately, and start over. If that doesn't do it, the banks can be next.

All's fair in love and war. This is War. And my dream. Don't wake me up!

Hello, Carbon Dioxide

If there is one thing the cadre of Republican presidential candidates can all agree on, it's that they want to destroy the "job-killing" Environmental Protection Agency.  They think clean air and clean water are overrated. The government is trying to dictate our lung function.  We have the right to breathe all the air we want, no matter the color.  It's equal opportunity air.

Michele Bachmann, for one, wants to totally dismantle the "job-killing organization of America".  Proud mother of five womb-derived and 23 foster children that she is, she vows to make EPA "the mother of all repeal bills."  You'd think she might  have a vested personal interest in air quality, given that some scientific studies point to a correlation between high pollution levels and emergency room visits for migraine headaches.  Then again, the Teapublicans are famous for pretending to scoff at elitist science on purely fake religious grounds. But it's really all about the money, honey. If evolution were a profit-maker, they'd be all for it.

Rick Perry, who gained national notoriety for his pre-announcement Christian prayer-fest in Texas, is even more of an opportunistic crony capitalist than true right-wing ideologue. (Thanks to Marie Burns of RealityChex.com for this link). 

So who is really behind this venomous anti-EPA Republican campaign issue?  Not ordinary self-professed Republicans, who when polled, like the agency just fine and want it funded.  Look no further than the Business Roundtable and its corporate cousins, comprising the most powerful CEOs on the planet.

 Big Business put enormous pressure on the White House to delay new ozone emission standards for a record fourth time.  It just costs them too much to give up polluting.  The talking points in their letter to Obama* could have come right out of the Bachmann/Perry playbook, which really derive from the corporate playbook under the guise of that good old-time religion. If God didn't want us to breathe his air, he wouldna given us lungs... or something.

So, while the circumspect, rational and pragmatic President Obama would never go all fire and brimstone in calling for the end of the EPA itself, he is performing his Democratic corporatist role of defanging it, tooth by tooth, behind closed doors, at the behest of the powerful vested interests he, too, serves.  No explanation, either -- simply that the EPA needs more time to "study" how best to implement the tough new ozone rules.  Is it any coincidence that some of the major polluters/ "job creators" are in swing states crucial to the president's re-election?  One of Obama's overriding mantras in his jobs agenda is to make it easier for businesses to hire.  That means code for easing environmental regulations.

And the BRT cohort is most grateful to Obama for seeing things from their perspective.  From their Aug. 12 press release:  "The decision by the Environmental Protection Agency to seek further delay on its proposed ozone rules tells us the Obama Administration recognizes the disastrous consequences that more restrictive regulations would have on the economy and job creation." (bold mine).

So there you have it, people.  You can either breathe or you can find a job.  You can't have both.  Wheeze while you work, (if you can) and stop griping about the heat dome overhead.  You can't actually see pollutants, can you?  They're a mirage, just like Perry's Texas Miracle. By creating yet another kicked can, our government (which purports to work in our best interests) has just become complicit in an estimated 12,000 deaths and 58,000 asthma attacks during the coming year.

*Text of  August 3 Letter to Obama:

Dear Mr. President:

As associations that represent thousands of American businesses, both large and small, who employ millions of U.S. workers, we are deeply concerned about the harmful impact the Environmental Protection Agency’s (EPA’s) proposed final rule on ground-level ozone could have on U.S. job creation and economic recovery. We strongly urge you to refrain from finalizing this rule and instead wait for the scientific review process currently underway in support of the required 2013 review to take its course.

All of us value clean air. The companies we represent, their employees and their managers all care about the quality of the air that Americans breathe. All of us breathe the same air and so do our families. We appreciate the fact that ground-level ozone levels continue to drop across most of the United States under the current de facto standard established in 1997. Moreover, U.S. companies are proactively making significant investments to meet the stricter de jure standard established in 2008, even though it has not yet been implemented.

The newest standard proposed by EPA, however, likely would cast hundreds of counties across the United States out of compliance, making it difficult for businesses to build new facilities in those counties or expand existing ones. Further, EPA has estimated the proposed standard will cost between $20 and $90 billion annually. In our view, EPA’s estimate is based on optimistic assumptions about the development of new control technology, meaning that the costs and impact on jobs and economic growth could be much worse.

What we do know for certain is that EPA’s proposed rule, whether the final standard is 0.060 parts per million (ppm) or 0.070 ppm, would limit business expansion in nearly every populated region of the United States and impair the ability of U.S. companies to create new jobs.

Mr. President, we urge you to delay this discretionary, out-of-cycle ozone standard and wait until 2013 before determining whether a new standard is needed. Now is not the time to saddle our economy with the extraordinary costs associated with EPA’s proposed national ozone standard.

Thank you for your attention to the grave consequences of this proposed rule.

Sincerely,

Business Roundtable, American Chemistry Council, American Petroleum Institute, National Association of Manufacturers, U.S. Chamber of Commerce.

And thus, the corporate titans shall give generously to both political parties, each of which shall operate in the interest of the Job Creators, while the Dems and Pubs go on pretending they don't have just tons of stuff in common. 



Job, Created (William Blake)



The Hokey Folky Pokey: Day Three

The United States of Cognitive Dissonance

 It is perhaps ironic and fitting that "American Gothic" by Grant Wood was painted in Iowa and was originally meant as a satiric vision of dour hard-workin' folks in the Heartland.  Iowans themselves were reportedly mightily ticked that a painting was making fun of them.  But famous works of art have a tendency to take on lives of their own after awhile, and the painting soon became an emblem of pro-Americanism.  And Iowans got their come-uppance by devising a satiric political scam of their own in the form of a pay-to-play, pick-a-prez straw poll.




Obama himself took on a meaning during his campaign that had little to do with any core principles of his own (he appears to have none) but everything to do with slick marketing and a gullible public hungry for change and grateful for a silver oratorical tongue to replace the chronic false folksiness of the villainous and speech-impaired George W. Bush.


Now, nearly three years after his election, Obama has unbelievably devolved from Dream Candidate to a bumbling Bush clone, complete with the down-home fakery and mumbling excuses of why he can't.  Instead of clearing brush at the ranch, he's posing Mr. Smith Goes to Washington-style on a haystack in front of a red barn.


His million dollar not-a-campaign bus tour through Minnesota and Iowa and Illinois is about two and half days too long at this point.  The man is a parody of every windrip of a politician who ever dropped a G and wiped the sweat from his brow with an expensive linen handkerchief.  And the pivot from man of the people to pampered elitist vacationing in Martha's Vineyard in less than a day is jarring, to say the least.  The Man must bask, golf, give Michelle "90 percent of what she wants" before he deigns to address the American people on an actual jobs program post-Labor Day.  I guess to do it before Labor Day would remind people that workers and would-be workers really have nothing to celebrate this year.  Unemployment is actually candy-coated at 9.1 percent.  The respected think tank "Shadow Government" is putting it closer to 25 percent.... worse than the worst months of the Great Depression.

It was Noam Chomsky who warned us to beware of the folksy politician.  "When a politician uses the word 'folks' get ready for the next series of lies," he said of Obama in 2009.





Official White House Propaganda Photos: The Law of Unintended Meanings