The ACORN hypocrisy

Over the past few weeks, videotapes have been trickling out that purport to show ACORN employees offered tax advice to those seeking to engage in child prostitution or other salacious activities. Having viewed the tapes, it's obvious that they have been edited extensively, and that alone should make one wonder what the original tapes may show. Further, Media Matters has a lengthy critique of the credibility of the conservative activists and the manufactured news story that they have created, including failing to report that in at least one instance police were called and the filmmakers were removed from the premises after inquiring about underage prostitution. But really, whether ACORN employees did or did not do everything they are accused of is a side issue. The Huffington Post yesterday pointed out that the legislative zeal to cut off funding for ACORN may have created an even bigger problem: it may eliminate the entire military-industrial complex. You see, the legislation prohibits federal funding or promotion of organizations that, among other things, "has filed a fraudulent form with any Federal or State regulatory agency". The Project on Government Oversight (POGO) maintains a database of companies holding federal contracts that also have "histories of misconduct such as fraud" that would ostensibly bar them from receiving any further governmental funding under the "Defund ACORN Act". Top violators include Lockheed Martin, Boeing, Northrop Grummond, Raytheon, KBR (former Halliburton subsidiary).... and a staggering number of other large corporations doing business with the federal government. House Republican leader John Boehner released a statement congratulating house Republicans for all they "have done to hold ACORN accountable for its abuse of taxpayer dollars and the public trust.” One wonders whether he will hold these other corporations to the same standard that they require of ACORN? After all, the scale of the violations by the weapons industry dwarfs anything ACORN is accused of. For fiscal year 2007, Lockheed Martin had federal contracts valued at $34.2 billion (with a b) dollars, and the cost of their misconduct since 1995 is valued at $577.2 million. ACORN has only received $53 million in federal funds since 1994, and none of the allegations show any actual harm was done to the government. In other words, Lockeed Martin has committed fraud to the tune of over 10 times the total amount of federal funding ACORN has received.

Continue ReadingThe ACORN hypocrisy

Modern credit card agreements: 29 pages of “tricks and traps”

Elizabeth Warren, the TARP Oversight Chair was on the Rachel Maddow's show discussing the aggressive anti-consumer practices of credit card companies, and warning that the credit card industry is about to try to kill federal efforts to regulate the industry. She reminds us that in 1980 a credit card agreement was only about a page long. Now credit card agreements are 30 pages long, full of "tricks and traps."

MADDOW: Are you worried that the [credit card] industry's going to be about to kill [credit card reform legislation] in the crib? Reporting is that it's their top priority to get rid of it. WARREN: My gosh! I have to tell you, it's like they're stampeding in the halls already in Washington. the Gucci loafers. These guys have built up a huge war chest, they've been interviewing public relations firms to see who can come up with the next Harry And Louise ad to explain to the American people why they're better off with credit cards that nobody can read, hundreds of pages of mortgage documents that nobody can read...the idea is you're better off with how things are...forget all that stuff the happened over the last few years. And we promise to keep things up just like we did before. I just can't believe they're trying to sell that to the American people.
You can read much more on this topic at Jason Linkins' post at Huffpo's new Lobby Blog.

Continue ReadingModern credit card agreements: 29 pages of “tricks and traps”

Shout from your rooftop in solidarity with the people of Iran

I will never forget the images of Pope John Paul II arriving in Poland in June of 1979. The Pope descended from his plane, kneeled, bent and kissed the ground of his beloved homeland. The Pope arrived as a pilgrim, news reports said. The Polish people saw more, perhaps a glimpse of freedom in the offing where their historic contributions and ties to the world were once again recognized as Polish, not as a Warsaw Pact satellite of the communist USSR. Something similar is going on now in the Islamic Republic of Iran. After an historic election where the chosen candidate of the ruling elite was challenged, the results were announced mere hours after the paper ballots were cast, and current Iranian President Mahmoud Ahmadinejad declared the winner. Some say the Iranian voters’ ballots were not even counted. Reports of unrest due to concerns of electoral fraud continue, although foreign media have been barred from Iran Many of the supporters of the rival candidate for President have taken to the roofs and shouting, “Allahu Akbar!” which I’ve seen translated as “God is the Greatest!” and “God is Great!” Without a doubt, there is continued opposition to the hard line polices of President Ahmadinejad which many in Iran believe do not reflect the country’s history and traditions. It has become a staple of the ruling council to denounce protesters as incited by the West, mostly the UK, where two diplomats were thrown out of Iran. The UK responded by giving the heave to two Iranian embassy personnel. But, the Iranian government raised the ante on the UK, yesterday and detained many members of the diplomatic staff assigned to Iran in violation of international law. It remains an issue is whether there what actions may be taken in solidarity with the aspirations of Iranians by supporters of freedom around the world. First, one must caution forbearance. If many take up the rhetoric of the far right in the US calling for swift, strong action against Iran there will be a backlash against the protesters in Iran. Such is already in the offing as the media have been closed down, and the government tries to spin the whole thing as a plot by the West and points to such rhetoric in support of its claims. Those which make such harsh statements and urge imprudent action give aid and comfort to the enemies of freedom in Iran. So, what then for those worldwide which support the Iranian people’s return to the world community and to again recognize Iran’s past contributions and continuing ability to contribute to the world at large? I offer several ideas. We could tie a green ribbon ‘round the old oak trees. Green is the color of the party of the opposition in Iran. We could join in solidarity with the aspirations of the protestors and go onto our rooftops or just go outside and shout or say; “God is Great!” at midnight Tehran time (about 2:30 p.m. CST [+4 GMT]). And ask that peace be with our Iranian brothers and sisters.

Continue ReadingShout from your rooftop in solidarity with the people of Iran

Jim Cramer, exposed

Jon Stewart is at his journalistic best here. This was filmed in March 2009, though I hadn't seen it until today. Jim Cramer desperately tries to spin himself out of Stewart's devastating indictment. Truly worth watching:

The Daily Show With Jon Stewart M - Th 11p / 10c
Jim Cramer Pt. 2
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Daily Show Full Episodes Economic Crisis Political Humor
The Daily Show With Jon StewartM - Th 11p / 10c
Jim Cramer Pt. 3
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Daily Show
Full Episodes
Economic CrisisPolitical Humor

Continue ReadingJim Cramer, exposed