“‘We can’t afford to be anti-, against everything,’ Mr. Vilsack said. ‘America is waiting for us. They are desperate to know what we are for.’” Democratic presidential hopefuls — including Hillary Clinton, Mark Warner, Evan Bayh, and Tom Vilsack — sound centrist themes and an end to internecine conflict before the DLC. And, in related news, congressional Dems finally propose an alternative to Dubya’s Social Security privatization plan with Amerisave. The plan would “increase incentives for middle-class workers to participate in 401(k) retirement accounts and individual retirement accounts [and] create tax credits for small businesses that set up retirement accounts for their employees.” Update: So much for Dem unity.
Category: Political Economy
Feeding at the Trough.
“The number of registered lobbyists in Washington has more than doubled since 2000 to more than 34,750 while the amount that lobbyists charge their new clients has increased by as much as 100 percent.” One thing you can say about Dubya’s tenure in the White House — It’s been gold rush days for corporate lobbyists. Among the cats getting fat in the GOP influence-peddling industry of late are Casino Jack Abramoff and DeLay flunky Michael Scanlon, who, as it turns out, had a special “gimme five” relationship they used to scam their clients and fraudulently line their pockets. Give ’em five-to-ten. Update: Tim Noah has more.
Dubya cries foul.
With Social Security privatization going nowhere and Bolton still in mothballs until the White House coughs up the requested info, Dubya gets testy about Democratic “obstruction” at a GOP fundraising affair. Well, it’s good to hear the right-wingers are rattled, but at some point, the Dems do need to get a proactive agenda on the table, so the “road block” schtick doesn’t stick.
Lame Duck Dubya.
“When is it time to start referring to Bush as an unpopular president? When his approval ratings are solidly below 50 percent for at least three months? Check. When his approval ratings on his signature issues are in the red? Check. When a clear majority of Americans say he is ignoring the public’s concerns and instead has become distracted by issues that most people say they care little about? Check.” Dubya’s numbers continue to plunge. Want some unsolicited advice, Mr. President? Let’s hear more about Third World debt relief, and fewer blanket endorsements of the Patriot Act. Update: In not-unrelated news, faith in the newsmedia also hits a low.
Cox the Corporate Cog.
So, apparently Rep. Chris Cox (R-CA), Dubya’s new pick to head the SEC, is — wait for it — yes, yet another right-wing freakshow, this time of the corporate stooge variety. “Mr. Cox – a devoted student of Ayn Rand, the high priestess of unfettered capitalism – has a long record in the House of promoting the agenda of business interests that are a cornerstone of the Republican Party’s political and financial support. A major recipient of contributions from business groups, the accounting profession and Silicon Valley, he has fought against accounting rules that would give less favorable treatment to corporate mergers and executive stock options. He opposes taxes on dividends and capital gains. And he helped to steer through the House a bill making investor lawsuits more difficult.”
Judge Shredd.
“‘To lose a case like this is huge,’ said William B. Mateja, a former official of the Justice Department’s corporate fraud task force. ‘Arthur Andersen was the poster-child case of all the corporate fraud cases.'” The Supreme Court overturns the 2002 conviction of Arthur Andersen LLP, thus facilitating future corporate shredding binges. “More broadly, some lawyers said the court’s decision shows its sympathy for corporate America’s view that companies should be freer to engage in routine document destruction — often under the ironic title of ‘document retention policy.’“
Wasted Capital.
“‘There is a growing sense of frustration with the president and the White House, quite frankly,’ said an influential Republican member of Congress. ‘The term I hear most often is “tin ear,” ‘ especially when it comes to pushing Social Security so aggressively at a time when the public is worried more about jobs and gasoline prices. ‘We could not have a worse message at a worse time.'” The WP wonders aloud if Dubya’s already in lame duck territory. One can only hope. Update: Dubya pushes back.
Not Like Ike.
And here I thought the military-industrial complex speech was prescient…
(Quote and links seen at Medley and birddogged by David Sirota):
“Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are…a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid.” – Dwight D. Eisenhower, 11/8/54
The Closer.
In a “major shift in legislative strategy” aimed at preserving Dubya’s ill-advised privatization plan, the White House turns Social Security legislation over to House Ways and Means chairman Bill Thomas. “The California Republican saved President Bush’s tax cut in 2003, [and] has never lost a vote on the floor…Thomas, a mercurial lawmaker and former college professor who relishes a challenge, ‘wants to get in the game,’ whether or not the GOP leadership wants him to, said one corporate lobbyist with close ties to House leaders.“
Delusions of Grandeur.
“Even among many influential conservatives, there has been a growing consensus that the Bush governing theory, at least on Social Security, has been proved wrong.” 100 days into the second term, the Dubya White House starts to realize they may not have received a mandate after all. Meanwhile, on the Left Coast, the Governator is learning much the same lesson.