“Insufficient Influence”: Mitt Romney’s “Ultrawealthy” Backer Wants Even More Political Control
In an interview with the Chicago Tribune, Ken Griffin, a hedge fund billionaire who is one of the 400 richest people in America, argued that the ultrawealthy in this country don’t have enough influence over politics. Griffin went on to say that the ultrawealthy “have a duty” to step forward and save the U.S. from what he says is a drift toward Soviet-style state control of the economy:
Q. I’m going to come back to this. But I want to touch on two more areas first. What do you think in general about the influence of people with your means on the political process? You said shame on the politicians for listening to the CEOs. Do you think the ultrawealthy have an inordinate or inappropriate amount of influence on the political process?
A. I think they actually have an insufficient influence. Those who have enjoyed the benefits of our system more than ever now owe a duty to protect the system that has created the greatest nation on this planet. And so I hope that other individuals who have really enjoyed growing up in a country that believes in life, liberty and the pursuit of happiness – and economic freedom is part of the pursuit of happiness – (I hope they realize) they have a duty now to step up and protect that. Not for themselves, but for their kids and for their grandchildren and for the person down the street that they don’t even know …
At this moment in time, these values are under attack. This belief that a larger government is what creates prosperity, that a larger government is what creates good (is wrong). We’ve seen that experiment. The Soviet Union collapsed. China has run away from its state-controlled system over the last 20 years and has pulled more people up from poverty by doing so than we’ve ever seen in the history of humanity. Why the U.S. is drifting toward a direction that has been the failed of experiment of the last century, I don’t understand. I don’t understand.
He also complained that this is a “very sad moment in [his] lifetime,” citing the now-familiar Republican charge that the Obama administration has “embraced class warfare.”
Griffin is the founder and CEO of Citadel Asset Management, a Chicago-based hedge fund. In recent years, has lavished some of his estimated $3 billion net worth on a wide variety of right-wing groups and Republican candidates.
He and his wife contributed $150,000 to the pro-Romney Super PAC, Restore Our Future, joining nine other billionaires who contributed a total of $2.8 million to the group during the second half of last year. Griffin has also contributed the maximum allowable amount directly to Mitt Romney’s campaign, $550,000 to Karl Rove’s American Crossroads Super PAC, $1.5 million to the Koch brothers’ Americans for Prosperity, $560,000 to the Republican Governors Association, $38,300 to the Republican National Committee, $72,900 to the National Republican Senatorial Committee, $30,000 to the National Republican Congressional Committee, the $5,000 maximum to Paul Ryan (R-WI)’s Prosperity PAC, and $4,000 to Majority Leader Eric Cantor’s (R-VA) Every Republican is Crucial PAC.
While Griffin has contributed to some Democratic candidates for federal office in the past (mostly those from his home state of Illinois or who sit on congressional committees overseeing taxation and the financial industry), over the two most recent election cycles he has given just $2,500 to one Democrat while contributing $55,300 to Republicans candidates, including Sens. Scott Brown (MA), Marco Rubio (FL), Dan Coats (IN), Pat Toomey (PA), and Mark Kirk (IL) and Reps. Ryan, Cantor, and Sean Duffy (WI).
Griffin said that ultrawealthy individuals like himself should “absolutely” be allowed to donate unlimited amounts to Super PACs and political campaigns, citing “rules that encourage transparency.” However, he added that he views actual transparency with “trepidation,” noting a successful campaign that progressives launched against Target after it made a post-Citizens United corporate contribution to a group supporting an extreme anti-gay Republican gubernatorial candidate in Minnesota.
By” Josh Dorner, Think Progress, March 10, 2012
“Bitchy Opinion”: Rush Limbaugh, Media Victim
Don’t you just hate it when someone in the media reports something about you without checking the facts first? Isn’t it a cheap shot when you’re inaccurately depicted as some kind of opportunistic jerk? My God, isn’t that just the worst? No wonder poor, misunderstood Rush Limbaugh is upset. No wonder he had no recourse but to take to what’s left of his airwaves Thursday to clear his name after Washington Post writer Alexandra Petri erroneously stated that his show “targets jerks.” And did you see how the guy with a bit of an image problem with the ladies was forced to bust out the “B word”?
Writing about the way advertisers have been dumping Limbaugh’s show like it’s toxic waste – exactly like it’s toxic waste, really – Petri had reported that among his new sponsors, “So far, he’s picked up AshleyMadison.com, the site where you go to cheat on your wife, and another web site that is explicitly for sugar-daddy matchmaking.” Except that Limbaugh had done no such thing. Why, it’s as if Petri thought Limbaugh had no integrity or something.
So horrified was Limbaugh at this besmirching of his character that he addressed it at length on his show Thursday, explaining, “We do not sponsor companies that help people cheat on their spouses.” He then added, “It’s an out and out lie complete with your b-i-itchy opinion in it and it is untrue.” He then condemned Petri’s “snarky, lying, full-of-holes” reporting by vowing, “I guarantee you, she’ll run another story tomorrow saying I made this all up.” He guaranteed it! In a totally non-snarky, non-lying, non-full of holes way.
On Friday, Petri did not, in fact, accuse Limbaugh of making things up. Instead, she penned a mea culpa to the noted Viagra aficionado, saying, “In the age of instant deadlines, when the correct time to have written about something is yesterday at 3 a.m., it’s easy to make mistakes, and the thing to do is admit them, fix them and do better.” She even offered to buy Limbaugh a conciliatory sandwich, which proves she may just have the strongest stomach in the Beltway.
What a harrowing ordeal it must have been for Limbaugh — a man who prides himself on being “huge on personal responsibility and accountability” — to have his reputation so falsely tainted. What an awful thing for a human being to endure. It’d be like, oh I don’t know, being called a slut and a whore and prostitute from some whimsical blowhard’s personal sniper tower for three days in a row. It’d be like having someone declare that you’d testified before Congress that you were “having so much sex” that you were “going broke buying birth control,” that you “must be paid to have sex,” and that you “want to be paid to have sex,” even when, of course, nothing could be further from the truth. Isn’t it disgusting when people use their platform to spread misinformation? Isn’t it vile when they brag about their blatant character assassination, and then try to act like it never happened? Keep calling it like you see it, Rush, and don’t let the b-i-itches get you down. We’d hate for anybody to get the idea that you’re some kind of whiny, dish-it-out-but-can’t-take-it d-i-irtbag.
By: Mary Elizabeth Williams, Staff Writer, Salon, March 9, 2012
“Safeguarding Privilege”: The Hidden Meaning Of Rush Limbaugh’s Apology
During his long career as the most famous talk radio host in modern history, Rush Limbaugh has only rarely apologized for his rhetoric — so when he does, it’s worth pondering the contrition’s deeper meaning. Was his apology last week for calling a Georgetown student a “slut” just a shrewd move to undercut a potential defamation lawsuit? Was it a frightened response to an intensifying backlash from advertisers? Does it prove the power of the liberal political organizations that have an ideological ax to grind against Limbaugh?
The answer to all those queries is yes — but none of those factors is the genuine news of the matter. Instead, what makes Limbaugh’s apology so important is its context. Capping off other similar brouhahas from across the mediasphere, Limbaugh’s mea culpa — however insincere — is significant because it is proof that America may be both setting some basic standards for political discourse and rejecting the right-wing shrieks about “censorship” and “political correctness.”
Consider what preceded Limbaugh’s apology. Only a few weeks ago, MSNBC announced it had terminated its relationship with Pat Buchanan, who had become a television mainstay despite the Anti-Defamation League documenting his long record as an “unrepentant bigot.” Just prior to that, Los Angeles radio station KFI suspended two hosts for calling Whitney Houston a “crack ho”; CNN suspended commentator Roland Martin for his homophobic Super Bowl tweets; and MSNBC suspended liberal host Ed Schultz for calling a competitor a “right-wing slut.” And before that, there was the seminal big-bang moment that kicked off the whole trend: the removal of Glenn Beck from Fox News — a decision that traced its roots to an advertiser boycott after Beck insisted that President Obama has a “deep-seated hatred of white people.”
In all of these examples, as with Limbaugh’s “slut” comment, the speech in question set off a firestorm not just because it was ideologically extreme, but also because it was indisputably inappropriate. To paraphrase the jurisprudential terms surrounding pornography, it crossed the line from merely offensive to overtly obscene.
Of course, this kind of slander was tolerated for decades without so much as a peep of objection from the media powers that be. Thanks to that silence, talk radio and cable television came to be wholly defined by such political obscenity — a development that made spectacularly lucrative careers for hate-speech demagogues.
That downward spiral seemed destined to continue because any time there was even a hint of protest, the conservative movement’s powerful media intimidation machine trotted out self-righteous rants against “political correctness” and odes to the First Amendment. Looking to manufacture its own insipid version of “political correctness” that crushes dissent, this machine typically portrayed conservatives as victims, marshaling anti-censorship arguments to insinuate that bigotry, anti-Semitism, homophobia and sexism are somehow entitled to a constitutionally protected place in major media outlets.
Not surprisingly, this same argument is now being made by conservatives in defense of their disgraced heroes.
“He has every right to his ideas, as we all have the right to our own,” wrote conservative Cal Thomas in an emblematic screed criticizing MSNBC for firing Buchanan. “It’s called free speech.”
It’s certainly true that all Americans have a right to their own ideas and to advocate for those opinions on their own. But having one’s ideas broadcast to millions of Americans over the public airwaves by major media corporations is not a right. It’s a privilege.
Limbaugh’s apology, made under pressure and designed to safeguard his privilege, concedes that indisputable truth. In doing so, the talk-radio icon is implicitly acknowledging a welcome change — one in which media executives, advertisers and the larger American audience are finally declaring that privileges can be withdrawn from those who violate the most basic standards of decorum.
By: David Sirota, Salon, March 9, 2012
A Threat To “Religious Freedom”: Are Church Foreclosures By Banks Off Limits To Criticism?
Here’s a sad item from Reuters’ Tim Reid:
Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data.
The surge in church foreclosures represents a new wave of distressed property seizures triggered by the 2008 financial crash, analysts say, with many banks no longer willing to grant struggling religious organizations forbearance.
Since 2010, 270 churches have been sold after defaulting on their loans, with 90 percent of those sales coming after a lender-triggered foreclosure, according to the real estate information company CoStar Group.
In 2011, 138 churches were sold by banks, an annual record, with no sign that these religious foreclosures are abating, according to CoStar. That compares to just 24 sales in 2008 and only a handful in the decade before.
The church foreclosures have hit all denominations across America, black and white, but with small to medium size houses of worship the worst. Most of these institutions have ended up being purchased by other churches.
The highest percentage have occurred in some of the states hardest hit by the home foreclosure crisis: California, Georgia, Florida and Michigan.
Do you perhaps think the closure of churches in the midst of a Great Recession might be as much a threat to the free exercrise of religious expression as, say, a requirement that church-affiliated institutions allow their insurance companies to provide contraception coverage for their employees? I haven’t heard a peep about it from major religious leaders, much less conservative politicians. Bankers wanting their payments are apparently off-limits to criticism, unlike a president trying to ensure something within shouting distance of equality in access to health care.
By: Ed Kilgore, Washington Monthly Political Animal, March 10, 2012
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