“The wealthiest 1 percent of Americans earn more than 21 percent of all income. That’s a postwar record. The bottom 50 percent of all Americans, when all their wages are combined, earn just 12.8 percent of the nation’s income…If the Democrats stand for anything, it’s a fair allocation of the responsibility for paying the costs of maintaining this nation. So far, neither the Democratic candidates for president nor the Senate Democrats have shown much eagerness to advocate this fundamental principle. It seems the rich have bought them out.” Former Secretary of Labor Robert Reich laments the cooptation of the Democrats by the super-rich. “It turns out that Democrats are getting more campaign contributions these days from hedge-fund and private-equity partners than Republicans are getting. In the run-up to the 2006 election, donations from hedge-fund employees were running better than 2-to-1 Democratic. The party doesn’t want to bite the hands that feed.“
Category: The Pelosi House
Dont give me that do goody good bulls**t.
Score another one for legalized corruption (and lament anew what passes for Democratic leadership these days): Senate Majority Leader Harry Reid tells private-equity firms they don’t need to fear a tax hike this year. “[P]rivate-equity firms — whose multibillion-dollar deals have created a class of superwealthy investors and taken some of America’s large corporations private — hired dozens of lobbyists, stepped up campaign contributions and lined up business allies to wage an unusually conspicuous lobbying blitz [against a tax hike]…Several prominent lawmakers expressed surprise to find that the managers’ profits, known as carried interest, were taxed as capital gains, for which the rate is usually 15 percent. That is less than half the 35 percent top rate paid on regular income.“
Bizarro Dubya?
Some good news on the domestic policy front: Pushed forward by a veto-proof majority in Congress, Bush signs a Democratic Pell Grant increase into law. “The increase in financial aid is designed to come from cuts in subsidies that the government makes to banks, totaling roughly $20 billion…Bush at one point threatened to veto the bill on grounds that it included hidden costs and was an expensive expansion of federal programs.” In addition, an expansion of the State Child Health Insurance Program is now on Dubya’s desk after passing the Senate 69-30 and House 265-159, and also looks to become law despite the White House’s original opposition. “Bush and GOP leaders said the measure would push children already covered by private health insurance into publicly financed health care, while creating an ‘entitlement’ whose costs ultimately would outstrip the money raised by the bill’s 61-cent increase in the federal tobacco tax. But Republican opposition is increasingly isolated.“
And if passage of affordable college education and child health care bills by Dubya — however reluctantly — isn’t through the looking glass enough for ya, check this out: “The world must cut emissions or sacrifice the planet, Condoleezza Rice, U.S. Secretary of State, told a meeting of governments on Thursday, in the most strongly worded statement on global warming yet made by the US administration….Her words reflected how far US rhetoric on climate change has moved in the past six months.”
Update: Ah, there’s the Dubya we know and…know. Despite its bipartisan backing, Bush vetoes the child health insurance bill, arguing that it was an attempt to “federalize” medicine. “‘I think that this is probably the most inexplicable veto in the history of the country. It is incomprehensible. It is intolerable. It’s unacceptable,’ said Sen. Edward Kennedy, D-Massachusetts, who pleaded with Republicans to help overturn the veto.”
Congress in the Quagmire.
“More than nine months after taking power, about all that Reid and House Speaker Nancy Pelosi have achieved on the Iraq front is to unfairly share in the blame for mismanaging the conflict…Pelosi, in particular, erred in unduly raising antiwar expectations when she took over as the first Democratic speaker in a dozen years. It was the Gingrich Revolution in reverse, this time with Democrats failing to appreciate the balance-of-power realities of a congressional showdown with an unyielding president, however wounded.” Salon‘s Walter Shapiro puts forth an explanation why Democratic attempts to change direction in Iraq have failed.
Imperial Krongard?
“Since your testimony at the Committee’s hearing on July 26,2007, current and former
employees of the Office of Inspector General have contacted my staff with allegations that you
interfered with on-going investigations to protect the State Department and the White House
from political embarassment…The allegations made by these officials are not limited to a single unit or project within your office.” In a detailed and damning letter to the suspect, Henry Waxman’s House Committee on Oversight and Government Reform announces it is investigating attempts by the Dubya State Department’s Inspector General, one Howard J. Krongard, to shield the administration from political trouble. “One consistent element in these allegations is that you believe your foremost mission is to support the Bush Administration, especially with respect to Iraq and Afghanistan, rather than
act as an independent and objective check on waste, fraud, and abuse on behalf of U.S.
taxpayers.” Innocent until proven guilty, of course, but this sounds all too plausible, given what we’ve already seen from this bunch.
Turning a Deaf Earmark.
“They are trying to change the whole vernacular so that earmarks aren’t earmarks anymore,” said Steve Ellis, vice president of Taxpayers for Common Sense.” (Or, put another way, “When there is a gap between one’s real and one’s declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink.“) Under the current Congress, it seems, “earmarks” have now become “congressionally directed spending” but, alas for real reform, the intent — to get pet projects into the public agenda by roundabout means — continues. “Members of Congress are now resorting to less obvious tactics that allow them to get money to favored beneficiaries without acknowledging support for what others consider to be earmarks…Government watchdog groups and a few dissident lawmakers have noticed these sleights of hand and have begun to complain. They say the approach deceives the public about how many special spending projects are being handed out, noting that lawmakers’ contacts with agencies usually are conducted out of public view.”
Democratic Disgrace.
“‘We’re hugely disappointed with the Democrats,’ said Caroline Fredrickson, legislative director for the American Civil Liberties Union. ‘The idea they let themselves be manipulated into accepting the White House proposal, certainly taking a great deal of it, when they’re in control — it’s mind-boggling.‘” Um, why did we put these jokers in office again? Surely not to support such flagrantly unconstitutional intrusions as this. Folding completely to White House pressure, a Democratic Senate voted 60-28 and a Democratic House voted 227-183 to sanction Dubya’s illegal wiretapping procedures. ‘The bill would give the National Security Agency the right to collect such communications in the future without a warrant. But it goes further than that: It also would allow the monitoring, under certain conditions, of electronic communications between people on U.S. soil, including U.S. citizens, and people ‘reasonably believed to be outside the United States,’ without a court’s order or oversight.” The Dems’ fallback position? They included a six-month sunset provision in the bill, so they’ll get a chance to revisit and repeat their capitulation to the executive throne early next year. But can we expect any more leadership from the congressional Democrats then? Really, this is beyond disgraceful. “‘The day we start deferring to someone who’s not a member of this body…is a sad day for the U.S. Senate,’ Feingold said. ‘We make the policy — not the executive branch.’“
A New Day in Washington?
“‘We have kept our promise to drain the swamp that is Washington, D.C.,’ Speaker Nancy Pelosi (D-Calif.) said, adding that the legislation is ‘historic.’” “‘These are big-time fundamental reforms,’ said Fred Wertheimer, president of the open-government group Democracy 21.” Noted Common Cause president Bob Edgar: ” If there is a positive side to Jack Abramoff and the wave of congressional scandal, this is it.“
Yes, this could be big. In the wake of the broiling Stevens scandal, the House votes 411-8 to pass a comprehensive new ethics bill: “Secret ‘holds’ in the Senate, which allow a single senator to block action without disclosing his or her tactics, would end. Members of Congress would no longer be allowed to attend lavish convention parties thrown in their honor. Gifts, meals and travel funded by lobbyists would be banned, and travel on corporate jets would be restricted.” In addition, “bundles” — small campaign contributions packaged together — will now have to be disclosed, along with political contributions by lobbyists and the identities of the lobbyists themselves.
Of course, the bill still has to pass the Senate, where some conservatives are threatening to force a filibuster vote (in part due to the weakening of earmark rules, which is admittedly rather annoying.) But that was before Stevens’ unfortunate run-in with the FBI, so we’ll see. Right now, I’m cautiously optimistic that the right-wing will have to fall in line. As Meredith McGehee of the Campaign Legal Center put it: “It may not be a grand slam, but it’s a home run…There is no credible excuse to oppose this legislation.“
House: Remember the Comfort Women.
“‘Inhumane deeds should be fully acknowledged,’ said Rep. Tom Lantos (D-Calif.), chairman of the House Foreign Affairs Committee…’The world awaits a full reckoning of history from the Japanese government.‘” The House passes a resolution calling for Japan to apologize for its WWII “comfort women” program. [Text.] “Lawmakers want an apology similar to the one the U.S. government gave to Japanese-Americans forced into internment camps during World War II. That apology was approved by Congress and signed into law by President Reagan in 1988.” Well, I’m all for offically recognizing historical sins in the past — *cough* slavery *cough* — but, unfortunately, no mention was made in this bill of our own possible complicity in Imperial Japan’s ugly system of forced prostitution. The resolution might carry more rhetorical force if it did.
We Ain’t Seen Nothing Yet?
“‘We’re sitting on the doorstep of a definitional moment,’ said Rep. Rahm Emanuel (Ill.), chairman of the House Democratic Caucus.” Faced with their own low poll numbers, the Democratic Congress readies a flurry of late-term legislation involving homeland security (implementing most of the 9/11 commission recommendations), ethics (gift bans and increased disclosure requirements), and child health care (expanding insurance coverage for children of the working poor.) “Republican leaders plan to stand in the way…But against such philosophical stands, there is a stark political problem: How many Republicans are really going to oppose legislation expanding insurance coverage for children, tightening ethics rules and bolstering homeland security?” More than one might think, I’d wager.