“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: Democrats
Discarded Socks.
“‘In the annals of human evil, off-loading a pet is nowhere near the top of the list,’ writes Caitlin Flanagan in the current issue of The Atlantic magazine. ‘But neither is it dead last, and it is especially galling when said pet has been deployed for years as an all-purpose character reference.‘” So it seems Hillary Clinton, the erstwhile author of Dear Socks, Dear Buddy, apparently kicked Socks to the curb once the White House days were over. “Hillary’s insistence that we follow her example in pet ownership, when she really should be on Cat Fancy’s Most Wanted List, makes her a tiresome bore.” Well, it’s not exactly the silver bullet rival campaigns are looking for (I mean, the Clintons may abandon their pets, but Republicans seem to torture and/or eviscerate them), but it is rather sad.
The Neo-Con Hit List.
“‘We screwed up and left Saddam Hussein in power. The president [then George H.W. Bush] believes he’ll be overthrown by his own people, but I rather doubt it,’ he quotes Wolfowitz lamenting [in 1991]. ‘But we did learn one thing that’s very important. With the end of the Cold War, we can now use our military with impunity. The Soviets won’t come in to block us. And we’ve got five, maybe 10, years to clean up these old Soviet surrogate regimes like Iraq and Syria before the next superpower emerges to challenge us … We could have a little more time, but no one really knows.‘” According to Salon‘s Joe Conason, Wesley Clark’s new book suggests the existence of a smoking-gun 2001 memo that outlined in full the neo-cons’ delusional ambitions for the Middle East before the Iraq War. “‘Six weeks later, Clark returned to Washington to see the same general and inquired whether the plan to strike Iraq was still under consideration…”Oh, it’s worse than that,” he said, holding up a memo on his desk. “Here’s the paper from the Office of the Secretary of Defense [then Donald Rumsfeld] outlining the strategy. We’re going to take out seven countries in five years.” And he named them, starting with Iraq and Syria and ending with Iran.’ While Clark doesn’t name the other four countries, he has mentioned in televised interviews that the hit list included Lebanon, Libya, Somalia and Sudan.”
Nobel Warming.
So, as you probably know, the Nobel prizes, that century-long boon from a notorious arms manufacturer‘s deathbed pangs of guilt, were announced over the past few days. As the surprise winner of the literature prize, Doris Lessing, best known for The Golden Notebook. (Profoundly ungracious about the news was lit-critic Harold Bloom: “Although Ms. Lessing at the beginning of her writing career had a few admirable qualities, I find her work for the past 15 years quite unreadable…fourth-rate science fiction.” Snob much, Prof. Bloom?) And, following in the footsteps of such well-regarded peacemongers as Charles Dawes, Henry Kissinger, Yasser Arafat, and, of course, the inventor of dynamite himself, the Nobel Peace Prize goes to Al Gore, for his work in emphasizing the imminent catastrophe threatened by global climate change. “I want this prize to have everyone…every human being, asking what they should do.” Well, congratulations on the win, Mr. Vice-President. Hopefully, this will further encourage America and the world community to get serious about global warming. But please — please — don’t run.
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.“
All over but the shouting?
In a new ABC/Washington Post poll, Hillary Clinton moves to a whopping 33-point lead over Barack Obama (and an 8-point lead over Rudy Giuliani.) “She leads Obama in the race for the Democratic nomination by 22 percentage points among men, and by 42 points among women. Fully 57 percent of women said they would support Clinton in a primary, compared with 15 percent for Obama and 13 percent for Edwards.“
The Queen II: The Joint Inheritance.
Speaking of US-international relations, with Frost/Nixon, The Queen, The Last King of Scotland and rewrites of State of Play and Tinker, Tailor, Soldier, Spy under his belt, British writer Peter Morgan now plans a sequel to The Queen “which will examine former UK Prime Minister Tony Blair’s relationships with U.S. presidents Bill Clinton and George W. Bush.” Michael Sheen is set to reprise his role as the PM, although director Stephen Frears is not returning.
The Family Business.
“Forty percent of Americans have never lived when there wasn’t a Bush or a Clinton in the White House…Does a nation of 303 million people really have only two families qualified to run the show?” The AP’s Nancy Benac reflects on the Bush-Clinton problem with our politics. “‘I think we would be fundamentally healthier if we broadened the zone of candidates who could make it to the top,’ [presidential advisor David Gergen] said. Historically, politics has been open to newcomers who rise up to reflect the grass-roots sentiment of the country, Gergen said. That’s still possible, he said, ‘but it’s harder than it used to be, especially because it’s so hard to raise money’ for expensive national campaigns. The Clintons and Bushes, he said, have built up strong ‘brand’ recognition for their names.“
Dolla Dolla Hil, Y’all.
Well, if the family business issue is bothering primary voters, it’s not being reflected in the funding tallies. In the third leg of the all-important money primary, Hillary Clinton comes out tops in 3rd quarter fundraising with $27 million raised, with Obama clocking in at $20 million and Edwards — who’s announced he’ll accept public financing — coming in third at $7 million. “Overall, Sen. Barack Obama has raised slightly more than Clinton for the primary, and the two look to be fairly evenly matched financially as they head into the final stretch before the first electoral contests in January.” And, whoever your primary candidate is, the real silver lining here is that Dems overall have raised twice as much as the GOP. “‘This just shows the difficult political climate that Republicans are facing,’ said Scott Reed, a Republican strategist. ‘The bright side is that next spring, the Republicans will have plenty of money to give the candidate who goes up against Hillary Clinton.’” We’ll see.
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.”