Daily Archives: May 14, 2012


Barack Obama Truth Team

The video outlines the challenges America faced as President Obama took office at the height of the worst recession in almost a century and details the progress that has been made reclaiming the security of the middle class and building an economy that’s meant to last, where hard work pays and responsibility is rewarded.

With Mitt Romney as President, stealing from the middle class pays, and hard work is punished by layoffs, and theft of pensions and benefits.


Imagine where we would be if we didn’t have all the Republicans saying Backwards to everything the President and the Democrats have tried to do.

Not only would Senator Elizabeth Warren not be rowing against the President, but she would also be spurring him on to do even better.

Do you really think Massachusetts’ sending Scott Brown back to the Senate will help things move forward?

No matter who gets elected to office, our job as citizens does not end. The powerful will not stop trying to reverse the results of the election. We have to be fighting them every day between elections. Their money may buy the press, but we can still outshout them. Long live the internet. Don’t let them take that away from you.


Romney Economics: Bankruptcy and Bailouts at GST Steel

This in the introductory movie from the web site www.romneyeconomics.com

I cannot imagine that if people realized that this is what they would be getting with Romney Economics that they would still favor this over what President Obama has tried to do despite all Republican efforts to derail it.


I haven’t found the right words to explain this to people. Perhaps in this video, the explanation of how Bain Capital could get rich by ruining a company will finally start to penetrate people’s minds.

Maybe these numbers gathered from the website start to give you a picture.

In the table below, Bain is Mitt Romney’s company that bought up these companies with mostly borrowed money that they never paid back.

Company Jobs Lost Debt at Time of Bankruptcy Bain Profits
Dade Behring 2,937 $1.5 billion $0.25 billion
GST Steel 750 $0.5 billion $0.048 billion
Stage Stores 5,794 ? $0.17 billion

I don’t know how anyone could conclude that Romney did not become rich by stealing the wealth away from the workers and creditors of the companies that he managed. In a just system, Romney would be in jail, not running for President.


Petition For A New Glass-Steagall Act

Here is an email that I received from Elizabeth Warren via the Progressive Change Campaign Committee BoldProgressives.org.

Steven,

We’ve seen all the headlines: JP Morgan Chase took risky bets and lost two billion dollars in a matter of weeks.

CEO Jamie Dimon called the bets “poorly reviewed” and even “sloppy.” He added, “We will learn from it, we will fix it, and we will move on.”  

Frankly, I don’t think we should just trust Wall Street banks to regulate themselves. Because as we learned during the 2008 financial crisis, they are not just taking risks with their own money — they are taking risks with the whole economy.

That’s why today, with the Progressive Change Campaign Committee, I’m calling on Congress to put Wall Street reform back on the agenda and to begin by passing a new Glass-Steagall Act. This was the law that stopped investment banks from gambling away people’s life savings for decades — until Wall Street successfully lobbied to have it repealed in 1999.

Will you join us in calling on Congress to hold Wall Street accountable and pass a new Glass-Steagall Act? Click here to stand with us!

A new Glass-Steagall would separate high-risk investment banks from more traditional banking. It would allow Wall Street to take risks, but not by dipping into the life savings and retirement accounts of regular people.

And by making banks smaller, a new Glass-Steagall could also help put an end to banks that are “too big to fail” — further avoiding costly taxpayer bailouts. 

Wall Street’s risky bets nearly brought the economy to its knees in 2008. But instead of taking responsibility, Wall Street lobbied to water down the Dodd-Frank financial reforms of 2010 and fought to weaken the reforms Congress passed.

It has become clear over time — and made even clearer this past week — that additional Wall Street reforms are needed. 

Please join us in urging Congress to put Wall Street reform back on the table — and pass a new Glass-Steagall Act today.

Thousands of Progressive Change Campaign Committee members have stood with me in my campaign for the Senate — and many were with me before that when I was fighting for the Consumer Financial Protection Bureau. I thank you from the bottom of my heart.

If I’m elected to the U.S. Senate from Massachusetts, I promise this difference from my Republican opponent Scott Brown: I will be a reliable and strong champion for commonsense Wall Street reform. But we don’t have a moment to waste.

Together, we must urge Congress to act now.

Thank you,
Elizabeth Warren

 


Like the PCCC on Facebook and follow us on Twitter.

Want to support our work?
PCCC’s Draft Warren campaign was named The Nation’s “Most Valuable Campaign of 2011” and Politico called us “The Energizer Bunny of the Left”!

And our tiny staff ensures that small contributions go a long way.
Chip in $3 here.

Paid for by the Progressive Change Campaign Committee PAC (www.BoldProgressives.org) and not authorized by any candidate or candidate’s committee. Contributions to the PCCC are not deductible as charitable contributions for federal income tax purposes.



The Social Conquest Of Earth

Sharon and I stumbled across an interview on C-SPAN with E. O. Wilson in which he talked about his new book The Social Conquest Of Earth. On The e.o.wilson Biodiversity Foundation web site, I found this precis of the book.

Where did we come from? What are we? Where are we going? In a generational work of clarity and passion, one of our greatest living scientists directly addresses these three fundamental questions of religion, philosophy, and science while “overturning the famous theory that evolution naturally encourages creatures to put family first” (Discover magazine). Refashioning the story of human evolution in a work that is certain to generate headlines, Wilson draws on his remarkable knowledge of biology and social behavior to show that group selection, not kin selection, is the primary driving force of human evolution. He proves that history makes no sense without prehistory, and prehistory makes no sense without biology. Demonstrating that the sources of morality, religion, and the creative arts are fundamentally biological in nature, Wilson presents us with the clearest explanation ever produced as to the origin of the human condition and why it resulted in our domination of the Earth’s biosphere. 90 illustrations.

There were some really big “Aha” moments in the interview.  For instance, I came to understand the roles of Democrats(Liberals) and Republicans(Conservative) in society.  He explains why we need them both and yet how we need to balance both. The “Aha” moment is more profound than even the above book summary indicates.

When I read The New York Times article, Capitalists and Other Psychopaths, I was able to appreciate it  at a much higher level because of what I had learned from E. O. Wilson.


Capitalists and Other Psychopaths

The New York Times has the article Capitalists and Other Psychopaths by William Deresiewicz. He starts with the following paragraph:

There is an ongoing debate in this country about the rich: who they are, what their social role may be, whether they are good or bad. Well, consider the following. A recent study found that 10 percent of people who work on Wall Street are “clinical psychopaths,” exhibiting a lack of interest in and empathy for others and an “unparalleled capacity for lying, fabrication, and manipulation.” (The proportion at large is 1 percent.) Another study concluded that the rich are more likely to lie, cheat and break the law.

By a stroke of luck, I happened to stumble across an interview on C-SPAN of E. O. Wilson in which he talked about his recent book The Social Conquest Of Earth. This book explains why the article above is true. The interview was quite a revelation to me.