The DISCLOSE Act...Doomed?

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House Democrats passed a campaign finance reform measure yesterday in dealing with the Supreme Court’s Citizens United ruling. The DISCLOSE Act puts in place stricter financial disclosure requirements on corporations and interest groups…and would restrict political activity for business' that get federal contracts” or take in TARP money. Now it goes to the death hole known as the US Senate, where the Republicans will almost certainly destroy or weaken it, just as they have all the other progressive legislation that Nancy Pelosi has succeeded in passing through the House of Representatives over the past year and a half.

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Thom
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On the other hand, the SCOTUS decision regarding initiative signature disclosure (Roe v. Reed) is a welcomed move toward more transperancy in state politics.

http://www.supremecourt.gov/opinions/09pdf/09-559.pdf

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BcDct
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May. 28, 2010 3:27 pm

Bernie cuts an intelligent line about these reforms. They are much weaker than we would like and good financial health requires, but incremental change does not have to be surrender. The basic issues of real fiscal conservativism remain, and they do not fit the economics touted as "fiscally conservative." Unless that just means cheap, stingy and pound-foolish/penny-wise.

If the issue is the need for greater revenues, you go where the money is bloated, not to where people are hitting the wall. The point is to reset the structure away from a very unhealthy distortion sold to us as "free market capitalism." It was just another rerun of Robber Baron corruption and Ponzi frauds established as "finance." The true believers in "economic freedom" in their Libertarian lens think the problem is the bad regulation they claim is inherent when we interfere with pure economic laws.

In their pipe dream world, economic responsibility and self interest co-inhere. The ideal of pure voluntarism is rarely defended because it is obviously not going to work down here on earth. But it is the goal toward which they attempt to pare government down to its "essence."

That "essence" does not include interfering in private business and presumes that the market will domesticate and tame the competition below the actual sack, rape and pillage of their pirate and monopolist models. Sorry folks, but insuring privateers and granting private monopoly rights to those who would share their spoils with "all the King's men" is an old game and Wall St. is its love child.

Refusing to spend to fix a leaking roof, or even being unwilling to borrow to invest in a clear and present value is not good financial practice. If this be fiscal conservativism, I want none of it. True fiscal conservatives know the difference between investments that pay off and pay back and costs associated with bloat and waste. Those who want to preserve value and get us out of the financial hole as cheaply as possible will not allow the people to get beaten up to protect the investor class. It is not fiscally conservative to allow that much damage to society and people just to preserve the symbol of wealth. It is radically delusional and puts symbol over substance and reality.

The GOBPimps who filibustered unemployment benefit extensions have not done anything to reverse the give-aways to Corporate or to hold those who have caused all this damage accountable in any way. They apologize to the petrocriminals and banksters for blaming them for their crimes and demanding the minimum of accountability. Then they tell the American people who did nothing but try to stay alive and whole in their shitstorm to sink or swim in their pollution.

They are terrorist thugs serving the criminal class, not even politicians anymore. No matter how mad I get at Obama, letting these creeps have any more power than they have today is much worse for my brain and heart. The answer is not to destroy the Democrats unless you have destroyed the GOBPimps first. Organize the opposition to the corporate coalition and don't get into the duopoly blind where there is too much friendly fire on our side. Organize constituency based movements for Progressive change to change the politics.

All is not lost because we know this sucks. If we thought this was just fine or the best democracy we could manage to have we would be happy and contented slaves of very well managed consent. I think these masters of media and propaganda are very slick, but we are learning their tricks and seeing through their illusions better and better. Their big problem is the real world that refuses to go along with the script sent down from Corporate.

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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.

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