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Former Sen. Phil “Mental Recession” Phil Gramm Endorses His “Protege” Rick Perry

Texas Gov. Rick Perry (R) yesterday jumped in the 2012 GOP presidential primary, saying that “it is time to get America working again.” “I will work every day to make Washington, DC, as inconsequential in your lives as I can, and free our families, small businesses and states from a burdensome and costly federal government so they can create, innovate and succeed,” he said. And Perry quickly picked up the endorsementof former Sen. Phil Gramm (R-TX):

Former senator and current banker Phil Gramm of Texas — well-connected to big donors but controversial for his role in preventing tighter regulation of Wall Street — told The Huffington Post yesterday that he is endorsing his former student and political protege, Texas Gov. Rick Perry...”I’m for Rick and I will do what I can to help,” Gramm said in an interview in Detroit. “He has been an effective governor. He is a determined guy from a small town who knows how to get things done.”

In 2008, Gramm, who was advising Sen. John McCain’s (R-AZ) presidential campaign (and was floated as McCain’s choice for Treasury Secretary) gained notoriety for saying that the country was “a nation of whiners” that was only in a “mental recession.”

But Gramm’s legacy goes much deeper than that. In 2001, he tucked the Commodity Futures Modernization Act into an unrelated, 11,000 page appropriations bill. That act ensured that the huge market in over-the-counter derivatives stayed unregulated, laying the groundwork for the 2008 financial crisis (and the implosions of AIG and Lehman Brothers). He also believes there should be no minimum wage and has derided the working poor by saying, “we’re the only nation in the world where all our poor people are fat.”

Perry was a student of Gramm’s at Texas A&M, and when Perry became governor “Gramm and his bank pushed a controversial proposal to allow the company to take out insurance polices on teachers and other workers, even though the workers themselves would not benefit.” If Gramm’s support is any indication, Perry’s zeal for financial deregulation will know no bounds.

 

By: Pat Garofalo, Think Progress, August 14, 2011

August 15, 2011 Posted by | Banks, Class Warfare, Conservatives, Corporations, Economic Recovery, Economy, Elections, GOP, Government, Ideologues, Ideology, Income Gap, Jobs, Lobbyists, Middle Class, Politics, Regulations, Republicans, Right Wing, Teaparty, Unemployed, Voters, Wealthy | , , , , , , , , , , , , , | Leave a comment

The Supreme Court’s Continuing Defense Of The Powerful

The United States Supreme Court now sees its central task as comforting the already comfortable and afflicting those already afflicted.

If you are a large corporation or a political candidate backed by lots of private money, be assured that the court’s conservative majority will be there for you, solicitous of your needs and ready to swat away those pesky little people who dare to contest your power.

This court has created rules that will have the effect of declaring some corporations too big to be challenged through class actions, as

AT&T customers and female employees at Wal-Mart discovered.

And remember how sympathetic conservatives are supposed to be to the states as “laboratories of democracy,” pioneering solutions to hard problems?

Tell that to the people of Arizona.

They used a referendum to establish a highly practical system of financing political campaigns that the court, in a 5-4 decision Monday, eviscerated. It was designed to reduce corruption and give a fighting chance to candidates who decide to forgo contributions from special interests.

The people acted, noted Justice Elena Kagan in a brilliantly scalding dissent, after a scandal in which “nearly 10 percent of the state’s legislators were caught accepting campaign contributions or bribes in exchange for supporting a piece of legislation.”

Under Arizona’s “clean elections” initiative, candidates who raised a modest amount in very small contributions could receive a lump sum of public money. They could raise no further private funds.

No candidate had to join the public system. But if a privately financed candidate or the interest groups supporting his or her campaign started outspending one who was publicly financed, the public system came to the rescue with additional cash so the “clean money” candidate wouldn’t be blown out of the race by lethal dollar bills.

Why was this important? Kagan was spot on: “Candidates will choose to sign up” for public funding “only if the subsidy provided enables them to run competitive races.” Such breathtaking common sense has been missing from the majority’s recent campaign finance decisions — notably its Citizens United ruling, also a 5-4 conservative ukase, allowing our poor, beleaguered corporations to expand their power in American politics.

Here’s the stunning part: For years, opponents of campaign finance reform have accused those who want to repair the system of trying to reduce the amount of political speech. But Arizona’s law, as Kagan pointed out, “subsidizes and so produces more political speech.” And then there was this shot at Chief Justice John Roberts’ majority opinion: “Except in a world gone topsy-turvy, additional campaign speech and electoral competition is not a First Amendment injury.”

Indeed, Roberts had to argue that those terribly downtrodden candidates financed with private money had their speech “burdened,” simply because their publicly financed opponents had the means to respond.

Kagan and the dissenters stood up for free speech. Roberts’ majority defended paid speech. The dissenters want to allow candidates to talk; the majority wants to enhance money’s ability to talk.

Roberts was especially exercised over any notion of “leveling the playing field” between private-money candidates and their challengers. He even included a footnote calling attention to the Citizens Clean Elections Commission’s Web site, which once said the law was passed “to level the playing field when it comes to running for office.” Horrors!

Kagan archly noted the “majority’s distaste for ‘leveling’ ” and then dismissed its obsession, observing that Roberts failed to take seriously the Arizona law’s central purpose of containing corruption. Leveling was the means, not the end.

Nonetheless, pay heed to how this conservative court majority bristles at nearly every effort to give the less wealthy and less powerful an opportunity to prevail, whether at the ballot box or in the courtroom. Not since the Gilded Age has a Supreme Court been so determined to strengthen the hand of corporations and the wealthy. Thus the importance of the Wal-Mart and AT&T cases, the latter described by the New York Times as “a devastating blow to consumer rights.” Will the court now feel so full of its power that it takes on the executive and legislative branches over the health-care law?

In 1912, Theodore Roosevelt warned that the courts had “grown to occupy a position unknown in any other country, a position of superiority over both the legislature and the executive.” Worse, “privilege has entrenched itself in many courts just as it formerly entrenched itself in many legislative bodies and in many executive offices.”

What happens to a democracy when its highest court dedicates itself to defending privilege? That’s the unfortunate experiment on which we are now embarked.

By: E. J. Dionne, Opinion Writer, The Washington Post, Published June 29, 2011

July 4, 2011 Posted by | Class Warfare, Congress, Conservatives, Constitution, Corporations, Democracy, GOP, Government, Ideologues, Ideology, Middle Class, Politics, Republicans, Right Wing, SCOTUS, Wealthy | , , , , , , , , , , , | 2 Comments

Democrats Must Fight Back Against Wisconsin GOP Shenanigans Or Risk Losing

A potential bombshell development out in Wisconsin.

As you know, Wisconsin Republicans have hatched a scheme to meddle in Dem primaries in order to delay the recall elecions against GOP state senators in a last ditch maneuver to save their hides.

Now a top labor group heavily involved in the recall wars is responding: It is publicly sounding the alarm about the GOP tactics, and arguing that Democrats must respond in kind or risk failing to take back the state senate.

We Are Wisconsin — which is one of the biggest labor-backed groups involved in the fight — has just issued a public statement stating that it would be in the interests of Democrats to respond to the GOP shenanigans by running their own candidates against Republicans in GOP primaries, just as Republicans are doing to Dems.

In a major development, the group argues that the strategic and on-the-ground implications of the GOP tactics are far more complex and serious a threat to Dem chances than has been publicly explained. They argue that if Republicans do this and Dems don’t, the GOP will be able to dictate the election calendar with a free hand, deciding which general recall elections happen on July 12th and which on August 9th — a huge strategic advantage for Republicans.

Without GOP primaries, the group argues, GOP state senators will automatically advance to the general recall elections, allowing Republican voters in their districts to vote for the fake, GOP-backed “Democratic” candidates in the Dem primaries, making it more likely that the real Dem loses the primary and doesn’t even advance to the recall election. (If there’s also a GOP primary, Republican voters won’t be able to vote in both primaries under Wisconsin law.) And without GOP primaries, all the unlimited outside national conservative money could be channeled into boosting the fake “Democrat” and annhilating the real Dem. The group concludes:

Given the situation Republicans have so despicably concocted to manipulate these recall elections, it is the opinion of We Are Wisconsin that it would be in the interest of Democrats to run candidates in the Republican primaries to ensure the dates of the general election are predictably on August 9th, and that Republicans are forced to win a primary election instead of diverting their unlimited resources to back their “fake” candidates against “legitimate” Democrats. To that end, it would be in the interest of flipping the Wisconsin Senate that interested Democrats contact the Democratic Party of Wisconsin.

This opinion is not rendered lightly. This is the most cynical manipulation of the Wisconsin electoral process in our state’s history, and is being done by a Republican party that has demonstrated no respect for the rule of law and our state’s tradition of clean elections and good governance. Unfortunately, however, after evaluating the strategic implications of their despicable tactics, to simply stand idly by would amount to unilateral disarmament and would almost certainly thwart the will of the hundreds of thousands of voters who support recalling Republican Senators in the upcoming elections.

Democrats and liberals have repeatedly described the GOP tactic of meddling in Dem primaries as a dirty trick designed to rig the recalls, and conservatives are now likely to cry hypocrisy. But it’s clear that the situation created by the GOP maneuver is far more complex and potentially dire for Dems than previously understood, and without a Democratic response, Dems would in effect be consigning themselves to defeat by tying their own hands behind their backs while Republicans manipulate the law to their advantage.

The question now is whether Dems will hear this message and respond in kind.

 

By: Greg Sargent, The Washington Post, June 10, 2011

June 10, 2011 Posted by | Class Warfare, Collective Bargaining, Conservatives, Corporations, Democracy, Democrats, Elections, GOP, Gov Scott Walker, Government, Ideologues, Ideology, Labor, Lawmakers, Middle Class, Politics, Public Employees, Republicans, Right Wing, State Legislatures, States, Union Busting, Unions, Voters, Wisconsin, Wisconsin Republicans | , , , , , , , , , , , | Leave a comment