No to Consumer Protection, No to Hummers and No to Nukes....

No to Consumer Protection, No to Hummers and No to Nukes....

no imagesThe Washington Post is reporting the administration is open to putting consumer protection regulation in the hands of the Treasury Department or other already-existing agencies. Also the White House officials are open the to compromise on major financial reform legislation by no longer insisting on a stand-alone consumer protection agency.  Translation into English - the Obama Administration is trembling at the financial power that the big banks can use to destroy Democratic politicians in the next election cycle now that the Supreme Court has said that these corporations are "persons" and can spend unlimited amounts of money to elevate or destroy politicians.  If we don't amend the Constitution to strip personhood from corporations, America will quickly become a pure corporatocracy.  Freespeech.org and movetoamend.org are good places for us all to start.

In good news for the day for Planet Earth.... Hummer Gets Canned & Vermont Votes to Close Nuke Plant. General Motors announced Hummer, the SUV designed by Arnold Schwartzenegger and otherwise known as a “gas guzzler,” is being shut down after a deal to sell it to a Chinese manufacturer fell apart. And Vermont is just saying no to nuclear power in the state. The Vermont Senate voted 26 to 4 Wednesday to block a license extension for the Vermont Yankee nuclear plant, citing radioactive leaks, misstatements in testimony by plant officials and other problems.  A few rays of light in the darkness!

Comments

ulTRAX (not verified) 4 years 34 weeks ago
#1

The Daily Blog section isn't displaying well on the front page.

It starts out with the blog sections laid out from Mon, Tue, etc... then after a few sections that section reloads and displays Thurs the 25th, two sections from the 24th, then Thurs the 25th again.

Steven (not verified) 4 years 34 weeks ago
#2

Hoping the Federal Government will care about consumer protection is fruitless. Carpe Diem, or the consumer beware is the modus operndi. Even if there is consumer protection there will always be corporations or busineses that take advantage of the consumer. That the consumer's only recourse is to sue. And look at Ford with the exploding Pinto gas tanks where it came out that it was cheaper to settle the lawsuits than fix the problem. That many bad busineses or shady ones know many consumer can not afford to sue or few will. And even if they do win in court continuances make it so their grand children will be lucky to collect. Look at big tobacco. Few legal winners ever collected and even fewer will ever collect the damages.

As for more nuclear power plants, I am perplexed. I am union electrician and need the work to build the plants. I also have had to travel to many different nuclear power plants for fuel changing shutdowns. But working for Exelon, who has the most nuclear power plants in the U.S. that the fuel will be radioactively deadly for 10,000 years. How can you safely bury that with proper warning signs? Who knows what langauge will be spoken by all around the dump sites? Or even if the people are knowledgeable enough to even be able to read the warnings?

As for the nuclear reactor, some reactors have 1 million gallons of water flowing every minute through the reactor. This creates massive strain on the plumbing and piping. Any foreign material caught in the system flowing that fast hitting the piping hurts too. That is why most nuclear plants where licensed for 20 years so the corroded or damaged parts do not leak.

I have worked at five different Exelon nuclear reactors in IL. And have training from the Nuclear Regulatory Agency, Exelon on lessons learned from past mistakes doing the same or similar job. To err is human like the Vermont Yankee nuclear plant. And accidents happen. That the power plant has so many back up fail safes that the plant can recover for most mistakes. If the plant can not recover, they scram the reactor, or lift fuel rods so the nuclear reaction stops. Even after the reactor is scrammed it still needs cooling water flowing.

ulTRAX (not verified) 4 years 34 weeks ago
#3

Senator Chuck Schumer and Representative Chris Van Hollen have been working on legislation to put the evil Citizens United genie back in the bottle. There approach can be found here:
http://vanhollen.house.gov/News/DocumentSingle.aspx?DocumentID=169969

But are there are other possible avenues of attack to push corporations out of politics?

What about the IRS tax code?

Currently religious and non-profit entities receive tax-exempt status on the condition they NOT engage in political campaign activities. This is NOT considered a restraint on their First Amendment free speech laws. If these groups violate this agreement, they lose that perk.
http://www.irs.gov/newsroom/article/0,,id=161131,00.html

Corporations receive numerous benefits such as limited liability protections and tax benefits such as the ability to write off expenses all designed to facilitate commerce.

Why can’t the tax code be changed to make these tax benefits conditional on corporations NOT engaging in political campaign activities?

Technically this would NOT be a restraint on corporate free speech any more than it is with those religious and non-profit organizations.

Corporations, likewise, would remain free to engage in political activities. Only they, too, would be faced with the choice that such involvement would end all of those special benefits in the tax code. Changing IRS code could possibly be done in time to prevent a massive avalanche of corporate money from affecting this year’s election.

I contacted the offices of Chuck Schumer at 202-224-6542 and Chris Van Hollen at (202) 225-5341 last week to suggest this idea, but the current proposal still does not include it.

If you see any merit in this idea I urge you to call your Senators and Representatives. The clock is ticking for this year’s mid-term elections.

http://reinventing-america.blogspot.com/2010/02/tax-code-and-citizens-un...

ulTRAX (not verified) 4 years 34 weeks ago
#4

It's pretty unfair for the website to have a member of the day contest, yet hold some blog responses for "moderation"... thus off the website, now for over an hour.

Time to Rethink the War on Terror

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When Eric Holder eventually steps down as Attorney General, he will leave behind a complicated legacy, some of it tragic, like his decision not to prosecute Wall Street after the financial crisis, and his all-out war on whistleblowers like Edward Snowden.

From Screwed:
"If we are going to live in a Democracy, we need to have a healthy middle class. Thom Hartmann shows us how the ‘cons’ have wronged this country, and tells us what needs to be done to reclaim what it is to be American."
Eric Utne, Founder, Utne magazine
From Screwed:
"I think many of us recognize that for all but the wealthiest, life in America is getting increasingly hard. Screwed explores why, showing how this is no accidental process, but rather the product of conscious political choices, choices we can change with enough courage and commitment. Like all of Thom’s great work, it helps show us the way forward."
Paul Loeb, author of Soul of a Citizen and The Impossible Will Take a Little While
From Unequal Protection, 2nd Edition:
"Hartmann combines a remarkable piece of historical research with a brilliant literary style to tell the grand story of corporate corruption and its consequences for society with the force and readability of a great novel."
David C. Korten, author of When Corporations Rule the World and Agenda for A New Economy