Bernie Sanders channels the anger of the American People

Bernie Sanders continues his fight for ordinary Americans, and this is a dramatic speech in which he makes many important points. At 4:17 for example, he talks of the backdoor bailout, in which the Federal Reserve made $16 trillion in almost no-interest loans, in secret, to big financial enterprises worldwide. If they can do this, why can't the banks make loans to legitimate small businesses who are in desperate need of loans? In the meantime, the middle class is collapsing and those who are wealthy are doing better than ever. "What is going on in America?" he asks. What it seems to be is that we are "moving toward an oligarchic form of government where a handful of billionaires control the economic and political life of this nation." The economic disparity is so incredibly pronounced that the 400 wealthiest individuals in America own more wealth than the bottom half of America--150,000,000 people. The top 1% of Americans own 40% of the wealth of America, whereas the bottom 60% of Americans own less than 2% of the wealth of America (min 7:33). Between 2009 and 2010, 93% of all new income created went to the top 1%. Sanders reminds us that the people at the top no longer need to settle for owning private businesses. Thanks to the U.S. Supreme Court, those people can now own the entire United States government. (min 11:00). The six largest banks own the equivalent of 2/3 of the GDP of America, and they write half of the mortgages and underwrite 2/3 of the credit cards. The working families of America want Congress to start working for them, and not merely for those who make campaign contributions. Sanders characterizes this as a "radical idea." (min 13). What can we do? Rebuild the crumbling infrastructure, including roads, bridges, schools, railroads and many other aspects of the infrastructure. We spend $300M per year importing oil, but we need to move to energy independence, away from fossil fuels and toward wind, solar and other sustainable technologies. We shouldn't be laying off teachers, but should be hiring them. The debt is a big problem, but it was caused by unpaid wars and unwarranted tax cuts to the wealthiest people in the country. Then, the greed and recklessness of Wall Street exacerbated the problem. Now, a "solution" is suggested to be "social security reform," with is a code-word for "hold onto your wallet." At min 20, Sanders also discusses the "solution" being considered to cut Medicare. At Min 22, Sanders mentions some of America's billionaires who are threatening to leave the U.S. so that they won't pay taxes. He also mentions the 18,000 American corporations located in the Cayman Islands. Sanders urges that Americans are now saying "Enough is enough."

Continue ReadingBernie Sanders channels the anger of the American People

Governor Brian Schweitzer of Montana speaks out.

As reported at Esquire, Governor Brian Schweitzer of Montana trashed the United States Supreme Court in light of its recent decision of American Tradition Partnership v. Bullock:

"And then they say, you know, 'Free speech. Money is speech,' " he continued. "No, money is power. Don't screw around here. Let's just tell it the way it is: They're buying power. You'll see guys that have a business, and they employ a thousand people and they think they're pretty big stuff, and they'll say, 'Yeah, this ought to be okay, a corporation is a person. We want to function as a full person.' So they say, 'Yeah, Citizens United, that's a good thing.' " 'You are a dumbass, sir, and I'll tell you why you are. Because the pharmaceutical companies and the military-industrial complex, and the insurance companies, they'll step on you like a big. The $500,000 that you can afford to put into the kitty to induce someone to vote your way? You are a piker.' That's the equivalent of buying someone one drink and thinking you're gonna sleep with them. It doesn't work that way." "We went 100 years thinking that was a pretty good system and now the U.S. Supreme Court says, 'No, you've been breaking the law, breaking the Constitution.' Silly us. We thought having a democracy was more important than having the most corrupt political system in the world. Now, the United States Supreme Court says, 'No, we prefer corruption over democracy.'

Continue ReadingGovernor Brian Schweitzer of Montana speaks out.

Lawrence Tribe offers a promising new amendment to the U.S. Constitution

At Slate, Lawrence Tribe has offered a new innovative approach to amending the U.S. Constitution with regard to election reform. Tribe's proposed amendment is especially valuable, because it doesn't obsess over neutralizing Citizens United and it doesn't simplistically demonize corporations (to the exclusion of other people and organizations that warp the election -- especially super-rich individuals and shell organization that hide the identities of the donors). Tribe takes serious aim at expenditures, rather than focusing only on contributions. Here is the text of Tribe's proposed amendment:

Nothing in this Constitution shall be construed to forbid Congress or the states from imposing content-neutral limitations on private campaign contributions or independent political campaign expenditures. Nor shall this Constitution prevent Congress or the states from enacting systems of public campaign financing, including those designed to restrict the influence of private wealth by offsetting campaign spending or independent expenditures with increased public funding.
Tribe proposed language focuses on a critically important point. The vast pools of unregulated money flowing into the system don't merely distort the natural outcomes of elections; they also distort access to politicians between elections:
Expenditures to support or oppose political candidates, however nominally independent—and lately, the purported independence of super PACs has become a national joke—in practice afforded wealthy people and corporations grossly disproportionate access to holders of public office.
Therefore, anyone worrying only about the outcome of elections is missing much of the story. Tribe also argues that proposed amendments declaring that money is not speech miss the mark:

I am not prepared to abandon all First Amendment scrutiny of regulations imposed on financial backing of political expression. What’s crucial is that regulations treat content neutrally, regardless of whether they address speech itself or the funding of speech, and regardless of the speakers at which they aim.

Additionally, as I reported here, the United States Supreme Court has, in Arizona Free Enterprise Club’s Freedom Club PAC v. Bennett, prohibited states from leveling the tilted playing field with public funding. Tribe's proposed amendment also addresses this huge problem. It's not likely that the U.S. Supreme Court will reverse Citizen's United, not when Justice Anthony Kennedy "infamously claimed in Citizens United that 'independent expenditures, including those made by corporations, do not give rise to corruption or the appearance of corruption.'" Tribe points out the lunacy of this belief, recognizing that big money buys special access. He urges that it is time for a new groundswell of united citizens to demand "commitment to equality of political influence."

Continue ReadingLawrence Tribe offers a promising new amendment to the U.S. Constitution

Who is buying the upcoming election for President?

Bill Moyers reports:

And that’s how the wealthy one percent does its dirty business. They are, by the way, as we were reminded by CNN’s Charles Riley in his report, “Can 46 Rich Dudes Buy an Election?” almost all men, mostly white, “and so far, the vast majority of their contributions have been made to conservative groups.” They want to own this election.

Continue ReadingWho is buying the upcoming election for President?