"Renaissance Thinking About the Issues of Our Day"
Thom Hartmann: Greetings my friends, patriots, lovers of democracy, truth and justice, believers in peace, freedom and the American way. Thom Hartmann here with you. And boy a lot going on.
I’ve got a, well, President Obama is in India, I want to tell you about that. There’s an amazing piece in today’s Financial Times about how corporate America is not just happy that the Republicans won, they’re dancing in the streets. They are popping champagne corks, now this is my language, not theirs, I’ll tell you about that.
Thom Hartmann: Okay so who killed the economy? I don’t mean this as a rhetorical question, but as a genuine question. The main Republican storyline, the one that is pitched by conservatives and people who don’t want banks deregulated, is that back either during the Carter or the Clinton administration, pick your story, I’ve heard both, that there was legislature passed that encouraged banks, the Community Reinvestment Act, they encouraged banks to give loans to people who couldn’t afford to get actually loans.
In news, you need to know this. Senate minority leader Mitch McConnell fought tooth and nail against the federal bailout of General Motors and Chrysler last year. The Republican leader saying, “I cannot ask the American tax payer to subsidize failure!” Right, so he’s totally anti-bailout GM. Is GM upset about that? Not so much. Political Action Committee that GM formed, this is back before the bailout, and is now largely owned by taxpayers, donated $5000 bucks to Republican McConnell’s campaign last month.
You need to know this. There’s a full revolt taking place within the Democratic party following President Obama’s tax cut deal with Republicans. House Democrats caucused last night to discuss the plan and count votes for it. Let’s just say it didn’t go too well and another meeting is scheduled for today. House Speaker Nancy Pelosi admitted last night that there was a lot of “unease” within her Party regarding a vote on the compromi
You need to know this. There’s a full revolt taking place within the Democratic party following President Obama’s tax cut deal with Republicans. House Democrats caucused last night to discuss the plan and count votes for it. Let’s just say it didn’t go too well and another meeting is scheduled for today. House Speaker Nancy Pelosi admitted last night that there was a lot of “unease” within her Party regarding a vote on the compromise deal. She needs to convince at least 39 Democrats to support it. And among Progressives – that won’t be easy.
Quote of the Day: "I believe in democracy, because it releases the energies of every human being." -- Woodrow T. Wilson (1856-1924)
Today marks the 30th anniversary of John Lennon's murder
Hour One: If the Democratic Party can't roll back the bush tax cuts on the wealthy in a "great recession" then how can they accomplish anything? White House Communications Director Dan Pfeiffer joins me - www.whitehouse.gov
Thom Hartmann: We’re going to step out a little bit in this hour and kind of replicate our Brunch with Bernie at a certain level. Congressman Peter DeFazio is a good friend of the show and one of the finest members of the United States House of Representatives and in fact Bernie gave him a shout out this morning on the show talking about what a good, an excellent legislator he is. And he is. And he’s a, the congressman from, congressman is it the 4th district of Oregon?
Thom Hartmann: So what are the biggest lies, is lies the right word? What are the biggest lies about the economy? Joshua Holland, the editor and senior writer for Alternet, author of a new book, ‘The 15 Biggest Lies About the Economy and Everything Else the Right Doesn’t Want You To Know About Taxes, Jobs, and Corporate America” is with us on the line. Hey Joshua, welcome to the program.
Thom Hartmann: So the evisceration of the American middle class rolls on. We’ve lost 14 million manufacturing jobs just in the last decade and too many to count. Actually we had, it’s too late to pull it up. I had this ad from the International Ladies Garment Workers Union. And you can find this on YouTube, you can Google this thing. 1981 ad where they came, “look for the union label.” There is no more International Ladies Garment Workers Union.
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