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Posts Tagged ‘money’

When you ask your kid, “What do you want to be when you grow up, honey?” and she responds, “a lobbyist!”, here’s a t-shirt of that moment.

Keith Olbermann, in his rant/impassioned invective on Health Care Reform, which I posted earlier today on Suzie-Q, cited evidence of campaign contributions from Big Pharma to both Republican and Democrat (“Blue Dog”) Congressmen opposing Health  Care Reform, collated by a body known as Center for Responsive Politics (opensecrets.org). Their daily blog, Capitol Eye Blog, provides daily news plus a daily article, Capitol Eye Opener, “Your morning article on the world of money in politics…”.

I have posted today’s Capitol Eye Opener below, together with the opening paragraphs of the most interesting article they have dug up today, which is from The Boston Globe.

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Capital Eye Opener: Tuesday, August 4

Published by Dave Levinthal on August 4, 2009 10:00 AM | Permalink

Your morning digest of of the world of money in politics

  • Like your generic drugs and the often cheaper prices they offer vesus the name brand stuff? Big drug companies don’t necessarily agree — and they’re spending millions of dollars to convince Congress to taylor health care legislation to their interests, the Associated Press reports.
  • When you ask your kid, “What do you want to be when you grow up, honey?” and she responds, “a lobbyist!”, here’s a t-shirt of that moment.
  • The Center for Responsive Politics found itself in the news throughout the nation today. We bein in Minnesota, where Pat Doyle of Minneapolis’ Star-Tribune writes about how the health care industry is funneling signifncant amounts of money to lawmakers. In Rhode Island, the Providence Journal’s Steve Peoples notes our research in writing about an increasingly hot congressional race. And Boston Globe columnist Derrick Z. Jackson discusses how health care lobbyists are attempting to influence the Blue Dogs — conservative Democrats who, in many cases, haven’t made up their minds on how to reform the nation’s health care system.

Who will stand strong in heat of healthcare fight?

By Derrick Z. Jackson | Boston Globe | August 4, 2009

HOUSE SPEAKER Nancy Pelosi flashed some mighty sharp fangs last week at the insurance industry. The industry, along with drug companies, hospitals, and medical associations, is trying to torpedo government insurance options to insure all Americans. Saying the industry is conducting a “shock-and-awe carpet bombing’’ to “perpetuate the status quo,’’ she went so far as to say the insurance companies “are the villains in this,’’ with their “exorbitant profits.’’ She charged, “they have been immoral all along how they have treated the people that they insure.’’

But considering insurers’ campaign contributions to Democrats, including Pelosi, who is actually going to bite the health industry in the leg on behalf of the American people? Is it really going to be Pelosi? Senate majority leader Harry Reid? President Obama?

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Chris Hedges | Truthdig | June 14, 2009

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

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Obama’s Economic Misfits Finally Get It

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Robert Scheer | Truthdig | June 17, 2009

Now they tell us.

On Monday, two men with considerable responsibility for enabling the banking meltdown confronted the error of their ways. Not directly, of course, for accountability is hardly the mark of either Lawrence Summers, the top White House economic adviser, or Treasury Secretary Timothy Geithner.

Their careers have long been fueled by error. Summers was one of the leading prophets of radical financial deregulation in the Clinton administration. And Geithner, as head of the New York Fed, looked the other way during Wall Street’s collapse and then responded by opening wide the spigot of taxpayer dollars to resuscitate Citigroup and AIG.

What they wrote this week in a joint Op-Ed article in The Washington Post is a condemnation of the Wall Street shenanigans they once abetted and celebrated. I hope their apparent sudden conversion to common sense indicates the seriousness of the banking regulation plan that President Obama will present to Congress today.

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