A free enterprise think tank in Michigan — backed by some of the biggest names in national conservative donor circles — has made a broad public records request to at least three in-state universities with departments that specialize in the study of labor relations, seeking all their emails regarding the union battle in Wisconsin, Gov. Scott Walker (R-WI) and MSNBC’s Rachel Maddow, TPM has learned.
According to professors subject to the request, filed under Michigan’s version of the Freedom Of Information Act, the request is extremely rare in academic circles. An employee at the think tank requesting the emails tells TPM they’re part of an investigation into what labor studies professors at state schools in Michigan are saying about the situation in Madison, Wisc., the epicenter of the clashes between unions and Republican-run state governments across the Midwest.
One professor subject to the FOIA described it as anti-union advocates “going after folks they don’t agree with.” Continue reading “You can’t do that”→
At first, I was so … pissed off? No, more like sad that the infamous Robert Stacy McCain, wingnutter and racist twit, attacked my friend Joe Bageant. Because of course, he’d gotten it all wrong. I know, a wingnut getting it wrong! Who ever heard of such a thing?
Joe was nothing like how he tried to paint him, and more’s the pity that this knucklehead won’t ever know him. (Didn’t even bother to read the book he attacked. That’s wingnuts for ya.)
But then my friend Molly Ivors linked to my piece over at Atrios’ place, and I realized something important when I looked at my stats: 352 from Eschaton, 8 from The Other McCain.
This is still a serious threat, and it’s important that your voice is heard. It takes less than two minutes. You click on the link, you don’t even have to look up the number — they’ll put you through.
WASHINGTON — In his new budget proposal, Ohio Republican Gov. John Kasich calls for extending a generous 21 percent cut in state income taxes. The measure was originally part of a sweeping 2005 tax overhaul that abolished the state corporate income tax and phased out a business property tax.
The tax cuts were supposed to stimulate Ohio’s economy and create jobs. But that never happened once the economy tanked. Instead, the changes ended up costing Ohio more than $2 billion a year in lost tax revenue; money that would go a long way toward closing the state’s $8 billion budget gap for fiscal year 2012.
“At least half of our current budget problem is a direct result of the tax changes we made in 2005. A lot of people don’t want to hear that, but that’s the reality. Much of our pain is self-inflicted,” said Zach Schiller, research director at Policy Matters Ohio, a liberal government-research group in Cleveland.
Schiller’s lament is by no means unique. Across the country, taxpayers jarred by cuts to government jobs and services are reassessing the risks and costs of a variety of tax reductions, exemptions and credits, and the ideology that drives them. States cut taxes in hopes of spurring economic growth, but in state after state, it hasn’t worked.
I can’t even bring myself to hope that mortgage companies will ever face significant consequences for the economic havoc they’ve wreaked. There have been rumors that the Obama administration has been leaning on the state AGs to get them to lighten up on their penalities; I hope they’re just rumors, but I suspect not:
NEW YORK — The nation’s five largest mortgage firms have saved more than $20 billion since the housing crisis began in 2007 by taking shortcuts in processing troubled borrowers’ home loans, according to a confidential presentation prepared for state attorneys general by the nascent consumer bureau inside the Treasury Department.
That estimate suggests large banks have reaped tremendous benefits from under-serving distressed homeowners, a complaint frequent enough among borrowers that federal regulators have begun to acknowledge the industry’s fundamental shortcomings.
The dollar figure also provides a basis for regulators’ internal discussions regarding how best to penalize Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial in a settlement of wide-ranging allegations of wrongful and occasionally illegal foreclosures. People involved in the talks say some regulators want to levy a $5 billion penalty on the five firms, while others seek as much as $30 billion, with most of the money going toward reducing troubled homeowners’ mortgage payments and lowering loan balances for underwater borrowers, those who owe more on their home than it’s worth.
Even the highest of those figures, however, pales in comparison to the likely cost of reducing mortgage principal for the three million homeowners some federal agencies hope to reach. Lowering loan balances for that many underwater borrowers who owe less than $1.15 for every dollar their home is worth would cost as much as $135 billion, according to the internal presentation, dated Feb. 14, obtained by The Huffington Post.
But perhaps most important to some lawmakers in Washington, the mere existence of the report suggests a much deeper link between the Bureau of Consumer Financial Protection, led by Harvard professor Elizabeth Warren, and the 50 state attorneys general who are leading the nationwide probe into the five firms’ improper foreclosure practices, a development sure to anger Republicans in Congress and a banking industry intent on diminishing the fledgling CFPB’s legitimacy by questioning its authority to act before it’s officially launched in July.
Earlier this month, Warren told the House Financial Services Committee, under intense questioning, that her agency has provided limited assistance to the various state and federal agencies involved in the industry probes. At one point, she was asked whether she made any recommendations regarding proposed penalties. She replied that her agency has only provided “advice.”
The aim of the corporate state is not to feed, clothe or house the masses, but to shift all economic, social and political power and wealth into the hands of the tiny corporate elite. It is to create a world where the heads of corporations make $900,000 an hour and four-job families struggle to survive. The corporate elite achieves its aims of greater and greater profit by weakening and dismantling government agencies and taking over or destroying public institutions. Charter schools, mercenary armies, a for-profit health insurance industry and outsourcing every facet of government work, from clerical tasks to intelligence, feed the corporate beast at our expense. The decimation of labor unions, the twisting of education into mindless vocational training and the slashing of social services leave us ever more enslaved to the whims of corporations. The intrusion of corporations into the public sphere destroys the concept of the common good. It erases the lines between public and private interests. It creates a world that is defined exclusively by naked self-interest.
