“What’s The Price On Jeb Bush’s Integrity?”: Preaching Against The Corrupt Coziness Between Money Interests And Government Officials
If you are a presidential aspirant and you have to tell people that you are a person of integrity — there’s a very good chance that you are not.
And those odds at least quadruple if you have to hire a talking head to attest to your honor; how intriguing, then, that a spokeswoman for the Bush campaign was recently trotted out to tell us that, “Jeb’s record, both in office as Florida’s governor and in the private sector as a successful businessman, is one of integrity.” The testimonial from his paid mouthpiece was necessitated by the still-evolving news story that, after leaving the Florida governorship in 2007, he immediately cashed in on his name, state government knowledge, and contacts. Bush became a richly paid legislative consultant and board member to major corporations that had received lucrative benefits from Florida’s government while he was at the helm of it.
With cynical chutzpah, Jeb, the presidential wannabe, now campaigns as an ethics reformer, piously preaching against the corrupt coziness between money interests and government officials. But in the last eight years, Preacher Bush has pocketed at least $18 million in personal payment from his own quiet spins through the revolving door of government-corporate corruption. For example, Jeb was only out of government office for four months when he got a nice sinecure as a board member of the insurance giant, Tenet Healthcare (which just happened to run several of Florida’s private hospitals under Florida’s Medicare program). In 2006, Tenet was found to have cheated patients and taxpayers with more than a billion dollars in overcharges. To settle this malfeasance, the corporation paid only $7 million.
Meanwhile, Tenet has gushed in recent financial reports that it has “benefited greatly from Mr. Bush’s extensive background in government service, his perspectives on public policy and social issues.” In heartfelt gratitude, during the past eight years, this one corporation alone has put more than $2 million in Bush’s pocket.
The Tenet case clearly shows that Bush suffers from a total lack of integrity, but poor ‘ol Jeb seems to also have a terminal case of “Mitt Romney disease” — he just keeps blurting out asinine comments that reveal the fact that, in heart, soul, and political mindset, he is yet another “son of a Bush.”
His inner-bigotry against the poor, coupled with his cartoonish concept of the black community’s political motivation, was outed recently when he was asked how he planned to win the votes of African-Americans. “Our message is one of hope and aspiration,” he responded. Okay, Jeb, go positive, so far so good! But then the deep prejudice derived from his narrow upbringing as a child of privilege surfaced. His campaign message “isn’t one of division and get in line and we’ll take care of you with free stuff,” he asserted with a sneer. Then, to punctuate his little lecture on how to appeal to low-income black families, the multimillionaire heir to the Bush fortune said he would tell them: “You can achieve earned success.”
Yes, Jeb — instead of hard-hit people lining up to get what you call “free stuff” (like unemployment compensation and health care), thinks it better to challenge them to “earn” success. Tell them to have the same gumption you did — to be born to rich parents, to be welcomed as “legacy” applicants into the most prestigious schools, and to have their fathers open the doors for them to “achieve” financial and political success.
Yet the former “shoo-in” for the GOP presidential nomination can’t figure out why he’s running fifth in New Hampshire and fifth in Iowa, even after pouring millions into a month-long blitz of TV ads to goose up his appeal. Such shallowness, callousness, and condescension expose an ingrained contempt for all who don’t live in Bush’s elite zip code. No one but his fellow “one-percenters” wants someone like that in the White House.
By: Jim Hightower, The National Memo, November 4, 2015
“China’s Naked Emperors”: Listen Up Jeb, China’s Rulers Have No Idea What They’re Doing
Politicians who preside over economic booms often develop delusions of competence. You can see this domestically: Jeb Bush imagines that he knows the secrets of economic growth because he happened to be governor when Florida was experiencing a giant housing bubble, and he had the good luck to leave office just before it burst. We’ve seen it in many countries: I still remember the omniscience and omnipotence ascribed to Japanese bureaucrats in the 1980s, before the long stagnation set in.
This is the context in which you need to understand the strange goings-on in China’s stock market. In and of itself, the price of Chinese equities shouldn’t matter all that much. But the authorities have chosen to put their credibility on the line by trying to control that market — and are in the process of demonstrating that, China’s remarkable success over the past 25 years notwithstanding, the nation’s rulers have no idea what they’re doing.
Start with the fundamentals. China is at the end of an era — the era of superfast growth, made possible in large part by a vast migration of underemployed peasants from the countryside to coastal cities. This reserve of surplus labor is now dwindling, which means that growth must slow.
But China’s economic structure is built around the presumption of very rapid growth. Enterprises, many of them state-owned, hoard their earnings rather than return them to the public, which has stunted family incomes; at the same time, individual savings are high, in part because the social safety net is weak, so families accumulate cash just in case. As a result, Chinese spending is lopsided, with very high rates of investment but a very low share of consumer demand in gross domestic product.
This structure was workable as long as torrid economic growth offered sufficient investment opportunities. But now investment is running into rapidly decreasing returns. The result is a nasty transition problem: What happens if investment drops off but consumption doesn’t rise fast enough to fill the gap?
What China needs are reforms that spread the purchasing power — and it has, to be fair, been making efforts in that direction. But by all accounts these efforts have fallen short. For example, it has introduced what is supposed to be a national health care system, but in practice many workers fall through the cracks.
Meanwhile, China’s leaders appear to be terrified — probably for political reasons — by the prospect of even a brief recession. So they’ve been pumping up demand by, in effect, force-feeding the system with credit, including fostering a stock market boom. Such measures can work for a while, and all might have been well if the big reforms were moving fast enough. But they aren’t, and the result is a bubble that wants to burst.
China’s response has been an all-out effort to prop up stock prices. Large shareholders have been blocked from selling; state-run institutions have been told to buy shares; many companies with falling prices have been allowed to suspend trading. These are things you might do for a couple of days to contain an obviously unjustified panic, but they’re being applied on a sustained basis to a market that is still far above its level not long ago.
What do Chinese authorities think they’re doing?
In part, they may be worried about financial fallout. It seems that a number of players in China borrowed large sums with stocks as security, so that the market’s plunge could lead to defaults. This is especially troubling because China has a huge “shadow banking” sector that is essentially unregulated and could easily experience a wave of bank runs. But it also looks as if the Chinese government, having encouraged citizens to buy stocks, now feels that it must defend stock prices to preserve its reputation. And what it’s ending up doing, of course, is shredding that reputation at record speed.
Indeed, every time you think the authorities have done everything possible to destroy their credibility, they top themselves. Lately state-run media have been assigning blame for the stock plunge to, you guessed it, a foreign conspiracy against China, which is even less plausible than you may think: China has long maintained controls that effectively shut foreigners out of its stock market, and it’s hard to sell off assets you were never allowed to own in the first place.
So what have we just learned? China’s incredible growth wasn’t a mirage, and its economy remains a productive powerhouse. The problems of transition to lower growth are obviously major, but we’ve known that for a while. The big news here isn’t about the Chinese economy; it’s about China’s leaders. Forget everything you’ve heard about their brilliance and foresightedness. Judging by their current flailing, they have no clue what they’re doing.
By: Paul Krugman, Op-Ed Columnist, The New York Times, July 31, 2015
“His Hands Are As Dirty As Anyone’s”: If Jeb Bush Wants To Be A Different Kind Of Republican, He Should End GOP War On Voting
Jeb Bush appears before the Urban League today — the only other Republican candidate who accepted their invitation was Ben Carson — where he will tell them that antipoverty programs have failed, and the path to greater success for African-Americans is the one the GOP wants to pave. Politically, Bush surely wants credit for showing up in front of an audience not exactly guaranteed to be friendly. As Eli Stokols noted, “Just about everywhere Jeb Bush goes, he talks about his willingness to go everywhere.”
But at a moment when his party is fighting with all its might to limit the number of African-Americans who make it to the polls, it’s going to be awfully hard to make a case that the GOP has their interests at heart.
That issue is on display in a trial now going on in North Carolina. But before we get to that, here’s part of what Bush had to say:
“I know that there are unjust barriers to opportunity and upward mobility in this country. Some we can see, others are unseen but just as real. So many lives can come to nothing, or come to grief, when we ignore problems, or fail to meet our own responsibilities. And so many people could do so much better in life if we could come together and get even a few big things right in government.”
That’s about as close as he came to acknowledging that racism exists, and about as much on the topic as you’ll hear from any Republican. And while Jeb will happily tout his record on things like charter schools as helping African-Americans, one topic he didn’t raise was voting rights. That may be because on that subject, his hands are as dirty as anyone’s.
When he was governor of Florida, Bush’s administration ordered a purge of the voter rolls that disenfranchised thousands of African-Americans, in a happy coincidence that made it possible for his brother to become president. The private corporation they hired to eliminate felons from the rolls did so by chucking off people who had a name similar to those of felons; people who had voted all their lives showed up on election day to be told that they couldn’t vote.
The remarkable outcome taught Republicans an important lesson. Here you had an election in which their candidate got fewer votes than his opponent, and the whole thing was decided in a state where his brother was the governor and the co-chair of his state campaign was the state’s chief election official. He won by an official margin of 537 votes, and the purge was just one of the things that made it possible. The lesson was this: when it comes to voting, we can get away with almost anything. What came out of that election, as Ari Berman documents, was a wave of Republican efforts to win elections by keeping people less likely to vote Republican from being able to cast a ballot. African-Americans aren’t the only people on that list, but they’re at the top.
So we see cases like North Carolina, where once the conservatives on the Supreme Court gutted the Voting Rights Act — a landmark law for which some African-Americans literally gave their lives — the state rushed to pass a menu of voting restrictions, all of which are designed to reduce the number of non-Republicans who make it to the polls. Young people are more likely to vote for Democrats? The North Carolina law eliminated pre-registering, where teenagers can register before they turn 18 if they’ll be of age on election day. African-Americans are disproportionately more likely to lack a photo ID? The law requires it. African-American churches mount “souls to the polls” efforts, bringing people to vote early on the Sunday before election day? The law ends early voting on that Sunday.
This law is on trial in a federal courtroom in Winston-Salem; closing arguments are happening today. To be honest, whatever happens in that trial, the five conservatives on the Supreme Court have made it clear that they are quite open to all kinds of restrictions on voting rights. So from a practical standpoint, Republicans may continue to enjoy success in their efforts to make voting as inconvenient and difficult as possible, at least for the wrong people.
But if Jeb Bush is wondering whether he can get African-Americans to vote for him, the answer is almost certainly no, and the continuing struggle over voting rights is one big reason. It’s awfully hard to convince African-Americans you love them when you’re still on the wrong side of a conflict that was at the center of the civil rights struggle. African-Americans look at places like Florida, North Carolina, Texas, or Wisconsin — or almost every state where Republicans are in charge — and say, “They’re still trying to keep us from voting, half a century after the Voting Rights Act!”
If Bush really wants to be a different kind of Republican, he could try to end the Republican war on voting rights. He could say, “We can have a secure voting system, and still make it easy and convenient for every American citizen to vote.” Because it really wouldn’t be that hard. He could advocate extended early voting (including Sundays), and looser identification measures that are geared toward allowing every legitimate voter to cast their ballot, not shutting out as many people as possible. He could acknowledge that in-person voter impersonation, the only kind of fraud that ID requirements can stop, is so incredibly rare (one investigation found only 31 cases in over a billion ballots cast between 2000 and 2014), that it’s wrong to disenfranchise thousands of people on the off-chance you might stop it. He could acknowledge that members of his party have used voting restrictions as a way to give themselves partisan advantage.
Or he could hope that showing up to the Urban League and shaking black people’s hands will be enough to wipe out decades of history, his own and his party’s. I’m pretty sure that won’t do the trick.
By: Paul Waldman, Senior Writer, The American Prospect; Contributor, The Plum Line Blog, The Washington Post, July 31
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