Posts Tagged ‘AIG’

Have American taxpayers had enough yet? Are they tired of having to foot the bill for industry-government collusion? Have the double-whammy calamities of the Great Recession and the Gulf disaster finally whipped everyone into a white-hot lather of collective rage, bellowing loudly for campaign finance reform NOW?

Well, not quite everyone.

As Democrats in the House and Senate try to enact the Fair Elections Now Act in time for the bill to affect November’s election, Republicans and big business are doing everything in their power to scuttle it. The bill, and its companion legislation, the Disclosure Act, would simply make it more difficult for corporations and unions to continue unduly influencing America’s electoral process.

Fair Elections Now would give candidates the option of running for office on a blend of limited public funds and a four-to-one match on donations of $100 or less, thus making grassroots support—not moneyed special interests—the new mother’s milk of politics.

The Disclosure Act would remove the secrecy that now enshrouds many large political donations. Under the bill, voters would know if BP Oil or the SEIU happen to bankroll a political cause, organization or candidate.

In the wake of the Supreme Court’s Citizens United ruling, which, in effect, made a donation of our democracy to wealthy special interests, these bills are the very least—repeat: “least”—Congress should do.

Yet, Republicans are continuing on their well-traveled path of obstructionism by offering only sketchy support for the bills in the House and none in the Senate. Oddly enough, one of the few Republican supporters of the Fair Elections Now Act is the bill’s co-sponsor, Rep. Walter Jones of North Carolina.

Whether these bills survive or not, Democrats would be well advised to make political hay out of their opponents’ foot-dragging on clean elections. The next time Michael Steele claims that his party is the party of and for the people—not big business—Democrats should be ready to pounce, waving Republican voting records in front of the cameras.

Why No Contingency Plan, BP?

Why didn’t British Petroleum have a contingency plan, like the plan other countries insist upon as a precondition to offshore drilling? Because “We, the People” didn’t force them to. Why didn’t “We the People” force them to? Because our representatives were afraid to bite the hand that feeds their campaign war chests.  In the current swap meet known as the U.S. government, voting for tough, loophole-free, safety regulations on Big Oil would have been considered bad-faith dealing, and extremely ungrateful.

BP, AIG, Exxon, Lehman Brothers, oil spills and financial meltdowns—only the names of the companies and types of disasters change; the reasons for the disasters remain the same: Corporate greed and a government on the take.

The Fair Elections Now and Disclosure legislation may be tiny steps, but they are definitely steps in the right direction.

Why doesn’t the GOP think so?

[Update] Open Secrets tells us that as of September 1, “The Fair Elections Now Act has not made it out of committee. And while the House passed the DISCLOSE Act in June, Republican senators have so far blocked it in Congress’ upper chamber.”

These guys know where their bread is buttered, don’t they?

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