Wall Street And Big Corporations Got What They Wanted – This Time

Fast track passes. Our Congress – the supposed representatives of We the People – voted to cut themselves and us out of the process of deciding what “the rules” for doing business “in the 21st Century” will be.

How do the plutocrats and oligarchs and their giant multinational corporations get what they want when a pesky democracy is in their way? They push that pesky democracy out of their way.

Because of fast track, when the secret Trans-Pacific Partnership (TPP) and any other secretly negotiated “trade” agreements are completed Congress must vote in a hurry with only limited debate, cannot make any amendments no matter what is in the agreement, and they can’t be filibustered. Nothing else coming before our Congress gets that kind of skid-greasing, only corporate-written “trade” agreements – and it doesn’t matter how far the contents go beyond actual “trade.”

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Will TPP Kill The Post Office?

Corporations are notorious for sneaking things into laws and regulations before the public can find out and rally to stop it. And we know from the conservative Supreme Court arguments against the Affordable Care Act that even what amounts to a typo can be used to change the obvious meaning and intent of a law.

These are reasons we need to see the text of the Trans-Pacific Partnership before Congress votes to preapprove it with fast track trade promotion authority (TPA). They are pushing what is literally a pig in a poke on us. We the People need to open that bag and have a good, long look inside before fast track buys the TPP pig in our name.

Negotiated in secret by corporate representatives, it is probable that the Trans-Pacific Partnership (TPP) is loaded with things the big corporations have snuck in. We already know from leaks that TPP contains provisions allowing companies to sue our government in “corporate courts” if they feel a law or regulation is cutting into their profits. What else is in there?

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Fast Track Hits House Next Week; Clinton Must Speak Up

The House is expected to vote on fast track trade promotion authority as soon as next week. If it passes, the corporate-negotiated Trans-Pacific Partnership (TPP) is a done deal — even though it is still secret. Why is presidential candidate Hillary Clinton still silent on this?

The Money Wants TPP — The People Do Not

TPP is the most important economic issue facing the Congress between now and the election — because it could happen, and because if it does the results will be terrible for working people. The game will be further rigged in favor of the 1 percent and against the rest of us. It will increase corporate power over governments — and us.

The Money wants TPP, because it will be very, very good for them. The people do not want fast track/TPP because it means increased corporate power, fewer jobs, more pressure, and lower pay.

A corporate/plutocrat-bought Congress is being told by The Money — Wall Street, the giant corporations and the plutocrats — to pass it, and for some incomprehensible reason President Obama will sign it. Street-level activists are fighting tooth and nail to get the word out and rally opposition. This is now. This is urgent. This is the focus.

This is an either/or. There is one side, and there is the other side. This is us vs. them. This is The Money vs. We the People. There is no in-between on this one, no waiting it out, no holding back, and no fence-sitting. It is one or the other. Not choosing a side on this is really just choosing the wrong side.

Clinton Still Silent On Fast Track

Here’s the thing: Fast track essentially pre-approves TPP. Fast track comes up for a vote as soon as next week. If fast track passes, TPP is a done deal. Where is Clinton on this?

Hillary Clinton is the leading Democratic candidate for president. A lot of activists are looking for reasons to enthusiastically support Clinton’s candidacy. She has taken great, progressive positions on immigration and other issues. But it is still early; opinions are not yet hardened. Things can change.

So far Clinton is trying to stay on the fence about fast track and TPP:

“There are questions being raised by the current agreement. I don’t know what the final provisions are yet,” she said. “I want to judge the final agreement. I have been for trade agreements, I have been against trade agreements.”

But fast track preapproves that “final agreement.” The vote on fast track in the House could be as soon as next week. After next week, TPP could be a done deal. Clinton owes it to the public to show up and lead on this. She especially owes it to the activists. They are fighting in the streets over this. They would appreciate some help. They will remember who was there with them — and who wasn’t.

Political Calculation vs. The Right Thing

Clinton’s advisors are calculating that this whole controversy will fade away after fast track’s passage makes TPP a done deal. They are trying to get her past this without taking a stand that risks putting off either side. They are betting that with time people will forget and get over it.

But to the activists on the street, this is the big one — just like the Iraq War vote was. People will remember, because people who know about it are fighting in the streets today, doing everything they can to stop this. And those people will say that taking no position is the same as being for it, because it is allowing it to happen, without laying down in front of the moving fast-track train.

Some people care about the issues, not the horse race. They care about substance, not image. Not everyone cares, to be sure, or is even paying attention yet. But in the long run the positions are what will matter, not the day’s calculated image. This is because the results of this will not fade away; they will matter to people’s lives.

For example, Nike wants TPP because it lowers the tariff on shoes imported from Vietnam and Malaysia. But when this forces New Balance to shut down their U.S. manufacturing, that will be in the news, people will feel it, and they will look back and say “Where was Clinton?”

The Iraq War vote looked like the pragmatic political position to take, but that political calculation came with a cost in the long run because the consequences of that vote mattered to people’s lives. Doing the right thing comes with a reward in the end.

Sitting back and hoping important issues just go away won’t cut it this time. You can’t make it just go away. Better yet, the way to make it just go away is to grab it by the horns and move it in the right direction.

Looking For A Champion Who Pushes For Transformative Change

People are impatient for a real champion. This is not a time to be safe, sit back, read polls, and wait out controversy. The economy simply is not working for most of us, and people know it. People see that the game is rigged and want proposals for transformative change.

There is no question that TPP is on the wrong side of this, and will result in even more hardship for the very people Clinton says she is campaigning to help. Fast Track preapproves TPP and the vote is coming up very, very soon.

Staying on the fence on this one is a mistake. By staying on the fence she risks being remembered as “No-Position Clinton” on the issue that matters most.


This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF. Sign up here for the CAF daily summary and/or for the Progress Breakfast.

Obama To Visit Nike To Promote TPP. Wait, NIKE? Really?

President Obama is scheduled to visit Nike’s Oregon headquarters on Friday to promote the Trans-Pacific Partnership (TPP). Yes, Nike – a company that grew to billions by outsourcing jobs to overseas sweatshops, a company that sets up P.O.-box subsidiaries in tax havens to avoid paying U.S. taxes, a company that uses threats to extort tax breaks from its “home” state.

Phil Knight, head of Nike, is now worth $23 billion because America’s trade policies encourage companies like Nike to create and move jobs outside of the U.S. The 23rd-richest American is one more symbol of the kind of inequality that results from outsourcing enabled and encouraged by these trade policies. Workers here lose (or never get) jobs; workers there are paid squat; a few people become vastly, unimaginably wealthy.

Meanwhile Massachusetts-based New Balance struggles to manufacture its athletic footwear in the U.S. TPP will remove tariffs on imported Vietnamese and Malaysian shoes, benefiting Nike and wiping out New Balance’s efforts to maintain its manufacturing here.

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Death To Pensions – Video


Former Enron trader and hedge fund billionaire John Arnold is launching a multimillion dollar national PR campaign attacking the hard-earned pensions of public sector workers. Arnold has already quietly poured tens of millions of dollars into his efforts to persuade politicians to reduce middle class retirement security and now it looks like he may really just be getting started.

A Look At The Fast Track Bill Shows It’s The Wrong Thing To Do

The “fast track” trade promotion authority bill has been introduced in the Senate. Article 1, Section 8 of the Constitution says, “The Congress shall have power to … regulate commerce with foreign nations.” But under fast track, Congress relinquishes that power and agrees to pass trade bills brought to them by the executive branch in a very short time frame with little debate and without making any changes should any problems present themselves.

Though it was announced that this year’s fast track bill was the result of a “deal” between Sens. Ron Wyden (D-Ore.) and Orrin Hatch (R-Utah) the 2015 bill is nearly identical to the 2014 bill that died in Congress without support for a vote. See this side-by-side comparison from Rep. Sander Levin of the House Ways and Means Committee. It is unclear from this comparison why the “negotiations” between Hatch and Wyden took so long, and what Wyden got that enabled him to put his name on it, enabling the bill to be sold as “bipartisan.”

Fast Track Sets Aside Normal Procedure

Congress does not set aside normal procedure, debate, the ability to fix problems that turn up and agree to vote within 90 days except for trade agreements – even though trade agreements have now proven to have such a tremendous and often detrimental effect on our economy, jobs, wages and inequality. Where did the idea to do this come from? According to Public Citizen, this unusual procedure was “initially created by President Richard Nixon to get around public debate and congressional oversight.”

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Silicon Valley Rising Fights for Worker Justice

Silicon Valley is an area of contrasts. When you stop at a traffic light in Silicon Valley you will often find a Maserati or Tesla on one side of you and a beaten up, 15-year-old Accord on the other. It seems there are more high-end Mercedes, Jaguars, Bentleys or the occasional Maybach than in other areas.

Silicon Valley companies, many run by stock-billionaires, pay a lot at the top, and squat at the bottom. There are the lucky employees, and a huge number of “contractors” – employees who are not called employees. The employees that reach over a certain age are discarded.

There are not a lot of people in the space between Silicon Valley’s top and its bottom. One in three Silicon Valley workers cannot even afford to live anywhere within a one-hour drive. The regular three-bedroom house costs a million dollars and don’t even ask about the rents (starting at more than $2,000 a month for a one bedroom apartment), but on the streets in working-class neighborhoods there are so many cars parked that you can barely pass – because there are so many people and families crammed into the housing. And, of course, the traffic is terrible, but you have to use a car because public transportation is cut back due to tax-dodging by giant companies like those in Silicon Valley.

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How To End Unemployment

Alongside Friday’s good employment data, there is a brouhaha on the Internets over claims that the government’s employment numbers are a “big lie.” Jim Clifton, Chairman and CEO of the Gallup polling company penned “The Big Lie: 5.6% Unemployment,” claiming that “the media” is “cheer-leading” and the White House is “scor[ing] political points” over phony numbers that the government makes up to make things look better than they are.

In fact, the “top line” unemployment number – now 5.7 percent, representing 9 million people, does not factor in people who have given up looking, 6.8 million part-time workers who want to work full-time, 2.2 million “marginally attached” people, people who are grossly underpaid, etc. But everyone knows that, and the government reports that. The “official” number has a specific definition, the “U-6 “alternative measure of labor under-utilization” reports the more accurate 13.5 percent number. So somewhere between 15 and 20 million Americans count as un- or underemployed. But even that doesn’t count those who have given up. It’s still bad out there, but the government’s figures are not being manipulated.

Intentionally High Unemployment

I want to suggest that this high un- and underemployment is intentional. Here is why. Two things that the government could easily do right now would pretty much get rid of unemployment. But our government is blocked from doing those things by extremely wealthy people, who benefit from the low wages, and a desperate and “cowering” reserve army of unemployed status quo.

First, balancing the trade deficit would by itself bring back more than 5 million jobs. This is based only on the 3.1 million lost to the China trade deficit, 1 million lost to NAFTA and 900,000 lost to the Japan trade deficit. We also have trade deficits with Germany, South Korea, and others.

A way to visualize this is to imagine the effect on our economy of $500 billion of new orders coming in to businesses that make and do things inside the U.S. Then another $500 billion next year and every year after that. Our annual trade deficit is $500 billion. Fixing that means $500 billion of new business here, now,  and continuing every year from now on. What you are visualizing is the damage this trade regime has done to us since Wall Street and the right’s “free trade” ideology took over.

Second, we have deferred maintaining our infrastructure since the Reagan era started the cycle of tax cuts and spending cutbacks. To bring the country’s infrastructure up to standards (never mind modernizing) we would need to spend $360 billion each year for 10 years, according to the American Society of Civil Engineers’ Infrastructure Report Card. If you conservatively estimate that each $1 billion spent on infrastructure creates 30,000 jobs, $350 billion translates to 350×30,000 = 10.5 million jobs.

So that’s conservatively 15.5 million jobs if we just go back to doing what the country did before the Reagan era. (This gives you a hint at the damage Reagan’s “trickle down” economics, and “free trade” market ideology have done. Look around. The extreme inequality that resulted tells you why it was done.)

Balance trade and fix up our aging infrastructure means at least 15.5 million jobs. (Think about what that would mean for wages, too.)

But That’s Just Catch-Up

But those things are just playing catch-up. It comes close to giving jobs to the unemployed, part-time for economic reasons and “marginally attached” workers. It doesn’t even start to dig into the people who have given up and left the labor market.

We got here by cutting taxes for the rich, gutting government, deferring maintenance, a and letting a few billionaires harvest our public wealth through privatization, etc. We’ll get out of it by fixing the trade deficit, repairing our infrastructure, undoing policy mistakes that have continued since the Reagan era, and ending “trickle down” tax cuts.

How do we take this a step further? The following things would employ tons of people and bring a long-term economic return far above any “cost.”

First, retrofit buildings and homes to be energy-efficient. Start with the basics: plug leaks and drafts, paint roofs white. These simple things could employ tons of people who we call “low skilled.” Take it a step further, and install energy-efficient windows, insulation, modern heating and cooling systems, solar on the roofs, etc. — all made in America, of course — and we will employ millions more. The energy payoff would be enormous, and we would go into the future with a much more efficient economy.

Next, engage in 21st century infrastructure projects like high-speed rail across the country and into Canada and Mexico — just like China is already doing. (See: “New Silk Road.“) We’ll create jobs, and end up with a massively more efficient, competitive economy. Then, modernize our power grid and install wind turbines across the plains states. Again, we end up with a massively more efficient, competitive economy. Requiring American-made supplies boosts the return to our economy.

What about building out national, high-speed, fiber internet? Imagine the innovation that would result.

There is so much we could do to first bring about full employment, and then move our economy into the 21st century. But we are held back by this weird Reagan/Wall Street/conservative ideology that tells us not to believe that We the People deserve a government that spends to make our lives better. That spending boosts us up now, makes our lives better, and more than pays for itself later. But we are kept from dreaming and doing because that return on our investment would go to us, instead of into the pockets of a few billionaires.


This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF. Sign up here for the CAF daily summary and/or for the Progress Breakfast.

The Thing In The Budget Bill That No One Supports But Won’t Be Taken Out

The budget bill called the “Cromnibus” (for Continuing Resolution and OMNIBUS budget bill) contains a provision that undoes an important part of the Dodd-Frank Wall Street regulation bill. It would allow banks to gamble on derivatives using money from taxpayer-protected accounts. Citibank literally wrote the provision and paid someone to put it in the bill.

No one in the House or Senate will say who was paid to put it in the bill. No one will admit to putting it in the bill. No one will say that support this provision. But it will not be taken out of the bill.

OK this is not a rhetorical question, it is a question to broadcast. This was written word-for-word by Citibank, to benefit Citibank, putting the taxpayers at great risk. How can something like this be in a bill if no one put it in the bill and no one indicates support for it? How can we not get it taken out if no one will say they put it in and no one will say they support it?

Someone was obviously paid to put it in the bill. People are obviously being paid to keep it in the bill.

How FAR from the principles of democracy, transparency, accountability and everything the country, the Constitution and the Congress are supposed to stand for can we go here?

Please click here now to call your senators and tell them to stand up against this dangerous attempt to rig the rules for Wall Street – and against us.

Is The Democratic Party Relevant Anymore?

Many Democrats examining what happened in the 2014 midterms are asking “what did the voters want?” But the right question is why did only 36.4 percent of potential voters bother to register and vote? Obviously Democrats did not give those voters a good enough reason to take the trouble. Is the Democratic Party relevant anymore?

“New Coke” Democrats

In 1985 Coca-Cola was the market leader, but Pepsi was gaining market share. Coca-Cola’s executives panicked and reformulated its flavor to taste like the more-sugary Pepsi. But Pepsi drinkers already drank Pepsi and Coca-Cola drinkers were left with no brand that they liked. If this sounds like an analogy to the Democratic Party consultants who keep urging Democratic candidates and politicians to be more like Republicans, that’s because it is.

Democrats were considered the majority party from the time of Roosevelt’s New Deal until the 1980s. All they had to do to win was to get a high enough voter turnout. Democratic operations were more about Get Out The Vote (GOTV) than giving people reasons to vote for Democrats instead of Republicans. They just assumed most people agreed with them – because most people agreed with them. But that time has passed.

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Here’s What ’60 Minutes’ Should Have Reported About Infrastructure

“60 Minutes” ran a report Sunday, “Falling apart: America’s neglected infrastructure,” describing the seriousness and damage to the economy caused by our country’s crumbling infrastructure.

Here are a few choice quotes, but really you should click through and watch the whole thing (and then come back here):

  • “Except for the stimulus nothing much has happened. It is ‘just another example of political paralysis in Washington.’ “
  • “1 of every 9 bridges (70,000) is structurally deficient.”
  • “It all comes down to funding.”
  • “These all are tragedies waiting to happen.”
  • “32% of major roads in America are in poor condition.”
  • “It’s falling apart because we haven’t made the investment.”
  • “Public spending on infrastructure has fallen to its lowest level since 1947.”

How bad is the problem? The American Society of Civil Engineers (ASCE) issues a regular “report card” on “the condition and performance of the nation’s infrastructure.” The 2013 grade is D+ and the cost to get us back to normal is now at $3.6 trillion. (The longer we wait the more the cost increases.) Because of this, The World Economic Forum’s Global Competitiveness Report ranks the U.S. as 16th in the quality of its infrastructure.

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