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How Should Free Markets Deal w/Wealth Inequality?

Professor Luigi Zingales, author, A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, joins Thom Hartmann. The LIBOR rate-fixing scandal is coming to America. Now - more than a dozen banks are being investigated by the US Justice Department to determine just how widespread the rate-rigging scandal, which might have cost consumers billions of dollars, really is. So far, only one bank - Barclays - has admitted guilt in the scandal. But several cities - led by Baltimore - are launching their own investigations to figure out if their pension funds took a hit as a result of the rate-rigging. During the financial crisis - the city of Baltimore was forced to lay off public employees and cut services. But the city now claims their fiscal problems were made worse by the manipulated LIBOR rates. Baltimore and other cities have filed dozens of lawsuits in a Manhattan Federal court against several banks including Bank of America, JP Morgan Chase, and Deutsche Bank - accusing the banks of manipulating LIBOR rates during the financial crisis to boost their own profits, while screwing over entire cities. So it could be a matter of time before some banksters' heads roll. And by "heads roll" I mean a slap on the wrist fine - since we all know banksters are immune from jail time this day and age. Congress is jumping into the mix, too, with plans to bring Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner to Capitol Hill for hearings ...

Do We Need the Disclose Act or a Constitutional Amendment?

David Cobb, Move to Amend, joins Thom Hartmann. I've said it before - and I'll say it again - the only way Mitt Romney can win the White House is by lying. And it helps that he has the help of people like the Koch Brothers, Karl Rove, and a slew of mysterious anonymous donors, all who've pledged to spend over a billion dollars this election cycle to plaster over Romney's lies. They can do this because of the Supreme Court's Citizens United decision in 2010. And ever since that decision - Democrats in Congress have been desperately trying to at least bring some transparency to this new avalanche of corporate spending in our elections. They've been trying to pass legislation so that if corporations and millionaires and billionaires want to spend billions to cover up Mitt Romney's lies - then at least we the voters should know where that money is coming from. In 2010 - Democrats in the House of Representatives passed the DISCLOSE Act, which would have done just that. Unfortunately - the DISCLOSE Act laws filibustered that year by the Republican minority in the Senate. So now - Democrats in the Senate are trying it again. On Tuesday - Senator Sheldon Whitehouse and eight other Senate Democrats proposed a new, watered-down DISCLOSE Act, hoping that the latest, more corporate-friendly legislation may attract some Republicans supporters. But is this really the strategy Progressives should be using to get corporate money out of our politics. Or do we need to be bolder and push ...

Bain: Romney caught Lying Again & Again & Again...

Mike Papantonio, Host, Ring of Fire Radio, joins Thom Hartmann. Mitt Romney has lied his way through the Presidential campaign - and he just can't seem to stop. What's he accused of lying about now - and can this modern day Pinocchio really be America's next President? As financial documents filed in 2003 - and obtained by the Boston Globe - show - Romney still owned 100% of Bain Capital as recently as 2002 - and even earned at least $100000 as an executive at Bain in 2002 - three year after Romney claims he had left the business. So now we can add lying about his tenure at Bain to the long list of other Romney lies, just as voters are demanding the truth about Romney's several offshore bank accounts and how he's using them to avoid paying taxes.

Full Show 7/11/12: House Repeals Obamacare (again)

Thom discusses the House's latest repeal of Obamacare with tonight's "Lone Liberal Rumble" panel. Also discussed: where Romney's money comes from, whether voter ID laws are the new poll tax and in tonight's "Daily Take" Thom calls for the end of billionaires.

Lone Liberal Rumble - Socialists, Poll Taxes & Climate Change

Horace Cooper, National Center for Public Policy Research & Lachlan Markay, Heritage Foundation, join Thom Hartmann. Does wanting a little more transparency and disclosure in American politics make you a socialist? That and more in tonight's Lone Liberal Rumble...

The No Billionaires Campaign

I believe it's time we reconsider the role billionaires play in our economy and our society. In fact, I say it's time we outlaw billionaires by placing a 100% tax on any wealth over $999999999. Trust me, we'll all be much better off in a nation free of billionaires. Look around, the whole planet is in crisis. Europe is on the brink of collapse, the United States economy is sputtering out, freak climate-change induced weather is becoming more and more common, our streets are becoming the breeding grounds for social instability, and all the while there is a small cadre of very, very wealthy individuals -- billionaires -- who are sucking up more and more of the wealth that used to belong to working people. Just consider these numbers: Post World War 2, all income levels in America grew together, and the lowest income level - the 20% poorest Americans - actually grew at a faster rate that the top 20% wealthiest Americans. During this time, billionaires were few and far between in America as wealth was more evenly distributed. But since Reagan , and since a new mentality was instilled in our culture that greed is good, and that the super-rich shouldn't be questioned or asked to sacrifice anymore for their nation, then income for the top has increased rapidly - while actually falling for the bottom. Since 1980, the top 1% has sucked up 80% of all the new wealth created. And, in 2010, the richest one percent of Americans received 93% of all of the new income earned that year ...

America on Fire Sale for Foreign Corporations

For the past two years - the US government has been negotiating with eight Pacific nations on a new so-called trade deal - the Trans-Pacific Partnership. But - despite the lengthy negotiations - the TPP had been largely ignored by the mainstream media - and even Congress was unaware of America's position on the deal. That was all until last month - when a 52 page document on the TPP was leaked to the watchdog group Public Citizen - and the proverbial floodgates opened. Joining Thom Hartmann now to discuss more on the Trans-Pacific Partnership and just how damaging it is to America is Dr. Brian Moench - President of the Utah Physicians for a Healthy Environment - Member of the Union of Concerned Scientists and a contributor to Truthout and Common Dreams

The Good, The Bad, and the Very Very Chaetiferously Ugly!

The Good! *Laura Ricketts* L-PAC is a new superPAC that has been launched to support pro-lesbian candidates as well as marriage equality ballot initiatives in this election cycle. The Bad! *South Carolina Gov. Nikki Haley (R)* Haley vetoed legislation that would have provided nearly half a million dollars in aid to domestic violence and sexual assault prevention programs. and the Very Very Ugly! *Guns Save Life* The NRA-supported pro-gun rights group organizes summer shooting camps for children. And - last month - the group exploited loopholes in a Chicago gun buyback program - and managed to take $6000 dollars in taxpayer money to buy ammunition and guns for children as young as 9 to use.

Tax breaks for 10 years...where are the jobs?

David Selig, Conservative Commentator, joins Thom Hartmann. Great news for Conservatives today - a new report out reveals taxes in America are the lowest they've been in three decades. So - shouldn't Boehner, Cantor and crew be applauding President Obama - and be hoping that he wins re-election?

Repealing Obamacare...creating wage slavery?

Despite the Supreme Court upholding Obamacare - today - Republicans in the House voted for the 33rd time to repeal it. Don't Republicans have anything better to do? - and if they ever manage to repeal Obamacare - what will they replace it with?

Full Show 7/10/12: Voting Rights for All!

Thom calls on Congress to amend the constitution to grant voting rights to all US citizens. Also discussed: the latest from the LIBOR rate fixing scandal, whether Ron Paul will take over the GOP convention in August and in tonight's "Daily Take" Thom looks to Germany and France and their shorter work weeks to boost the US economy.

Would Cutting the Work Week put Everyone Back to Work?

Even though Americans are some of the most overworked people in the world - our long hours at work are doing very little to help the economy recover. So - could following the European model by cutting back on the work week actually help our economy - and put all unemployed Americans back to work? According to a recent CBO report - President Obama's 2009 stimulus package saved up to 3 million jobs - preventing an all out economic catastrophe. Unfortunately - ever since then - Republicans have blocked every single stimulus measure - radically slowing down our nation's economic recovery. Republicans are even trying to make things worse by pushing for austerity and spending cuts - which cuts jobs - and Republican governors have laid off more than 600000 public workers around the nation. The result is persistently high unemployment, and Americans of all strips are calling for more "job creation." But here's the thing - we all have it all wrong! It's not jobs we should be talking about - it's hours on the job. Look at the average number of hours worked by each of the OECD nations: You'll notice at the top of the list is Greece - where workers on average put in more than 2000 hours a year on the job. That dispels that myth that the Greeks are in economic trouble because they're lazy - they actually work far more hours than the rest of Europe. But also near the top of the list is the United States - working nearly 1800 hours a year on average. Now - toward the bottom of the list ...

Can Ron Paul Embarrass the Entire GOP Party in Tampa?

Austin Petersen, Director of Production-FreedomWorks joins Thom Hartmann. Ron Paul wants to leave a mark on the Republican Party next month - even if he's not going to be their nominee for President. What's happening in Nebraska this weekend - and what does it mean for the future of Ron Paul and his supporters?

The Good, The Bad and the Very Very Mucillaginously Ugly!

The Good! *The Cork, Ireland City Council* Last night - the Cork city council became the first local authority in Ireland to officially support marriage equality. The Bad! *Matt Drudge* Drudge - the founder of the infamous conservative news site The Drudge Report - is no stranger to promoting far-right conspiracy theories. But now - he's thrown his support behind a truly absurd conspiracy theory that says President Obama was once a secret agent for the CIA in Pakistan. and the Very Very Ugly! *Congressman David Dreier (R-CA)* Last night - during a House Rules Committee debate - Dreier said that he didn't think that people with pre-existing conditions should be able to get health care insurance.

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