Obama hearts the banksters, reaches out to them

The investment banks backed Obama very early in the 2008 campaign and with big money. He has repaid their investment mightily, shoveling them hundreds of billions. But he did institute a few tepid reforms to mollify the peasants with pitchforks, and that made the banksters throw hissy fits.

So now Obama wants to woo them [...]

You can’t shop your way to a better world

CREDO Mobile, who markets themselves through progressive outlets, has no network of their own and uses Sprint.

CREDO claims that it doesn’t fund anti-environment politicians, or those who oppose a woman’s right to choose, or those who are pro-war. That may be true in a legalistic sense, but Sprint does. And if you’re using CREDO, [...]

Dark money: Super PACs fueled by $97.5 million that can’t be traced to donors

The money is coming from labor unions too, it’s not just on the Republican side.

In certainly related news, SocGen’s Albert Edwards: The U.S. public is about to revolt “This would happen in any nation where a vision of prosperity has been shown to be a Ponzi sham, engineered by the authorities to help [...]

The secret big money takeover of America. Robert Reich

Secretary of Labor under Bill Clinton Robert Reich speaks against the deliberately opaque campaign contribution laws ( which were recently futher gutted by the Supreme Court) which combined with increasing disparities of wealth are allowing the super wealthy to easily and secretly buy influence and politicians.

Not only is income and wealth in America more [...]

Lessig on how campaign cash corrupts our democracy

From the Fix Congress Now listserv

This past Friday, Lawrence Lessig presented at the TEDX Boston conference in a continued effort to bring awareness to the need to end corruption in our political system and restore democracy.

Not surprisingly, Professor Lessig’s compelling and inspirational talk is already generating some serious online buzz, attracting the [...]

Total campaign contributions / lobbying by TARP recipients AKA open corruption

The Big Picture has the data and a downloadable spreadsheet. This just shows the first 7, there are 175 listed online.

We need public financing of elections and a complete end to campaign “contributions” like these as well as new and severe limitations on what lobbyists can do.

Unless of course you think TARP [...]

No … reaaaally?

Banks and other companies taking federal bailout assistance spent $114 million on lobbying and campaign contributions last year, according to a new study……Lawmakers who oversee the bailout were among the top recipients of campaign donations from bailed-out corporations, the study notes. Senate Banking Committee Chairman Christopher Dodd, D-Conn., took $854,200 during the 2008 election [...]