Robert Reich explains the “public option” re health insurance reform.

In this video at Bill Moyers' Journal, Bill Moyers and and former Secretary of Labor Robert Reich rolled up their sleeves to discuss Barack Obama's objectives regarding national health care reform, including the (potentially feasible) "public option" and (not unlikely option of) "single payor." The bottom line: Barack Obama has an uphill struggle against some extremely powerful (monied) interests, including the private insurers, pharmaceutical manufacturers and other profit-driven corporations that have each hired fleets of lobbyists yelling "socialism." At the 14-minute mark, listen to Reich describe how the financial sector has "pulled the wool over the eyes" of the Obama Administration. He warns that the lobbyists are enormously powerful, and that we need Obama and average citizens to start standing up to the lobbyists. As things are, nothing has fundamentally changed regarding the financial system, other than the financial sector's new ability to paper over its scandalous practices and its ever-increasing massive transfer of wealth from America's middle class to the financial sector. In 1980, the top 1% of the country took home 9% of the total national income. By 2007, the top 1% was taking home 21% of the national purchasing power. Reich explains that the middle class has been drained of financial and government power. What has happened is that "capitalism has swallowed democracy." Reich explains that when the government fails to set boundaries, we have the law of the jungle, and we then have super-capitalism, which is capitalism without democracy. The culprits were the lobbyists who made sure that there was no effective regulation of the financial sector.

Continue ReadingRobert Reich explains the “public option” re health insurance reform.

Prison reform on the radar

New story from The Raw Story:

"America's criminal justice system has deteriorated to the point that it is a national disgrace," [Senator Jim] Webb said, noting that the United States has five percent of the world's population but 25 percent of the world's prisoners.

According to a document released by Sen. Webb's office, "Its task will be to propose concrete, wide-ranging reforms to responsibly reduce the overall incarceration rate; improve federal and local responses to international and domestic gang violence; restructure our approach to drug policy; improve the treatment of mental illness; improve prison administration, and establish a system for reintegrating ex-offenders."

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Lawrence Lessig: Disband the FCC

Stanford law professor Lawrence Lessig is a student of history.  He has documented that, despite their proclaimed goals, most government regulatory agencies end up promoting "excessive government favors and excessive private monopoly power." In light of this history,) Lessig recommends that we disband the FCC and that we replace it…

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Government by the . . . quid pro quo

According to DemocracyNow, the CEO's of big corporations have a distinct preference for who they want in the White House.   How can you tell?  Watch where their contributions flow: The Hill newspaper reports the top executives from the country’s largest companies have donated ten times more money to John McCain’s…

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Complacency II

I wrote about complacency once before. I focused on the complacency of most Americans in the face of the energy crisis that is clearly upon us. We have no assurance that gasoline won’t double or triple in price over the next five or 10 years, throwing our economy into a massive depression. With stakes like these, you would think that prolific energy wasters like us would immediately jump on our energy consumption problem by enacting a national conservation plan to cut our petroleum use in half. This could be accomplished by modifying our wasteful energy usage in dozens of ways. For instance, we really could carpool. We could build up our mass transit systems and encourage their use. We could walk and bike more. We could make our homes much more energy-efficient. Instead of building new homes in existing farm fields, we could renovate homes that already exist. While we’re at it, we could cut our use of all other forms of energy in half too. For instance, the technology already exists to make zero-carbon footprint buildings.

Others have written extensively regarding many methods by which we could reduce energy use. Due to the widely accepted law of supply and demand, cutting our use of energy would also have the effect of lowering the price of energy (relative to whatever it would have been had we not taken such measures), thereby diminishing the financial damage from our perennial trade deficits and budget deficits.

My concern is that so many people …

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