Posts tagged “the nation”
April 17, 2013
On March 25th, The Nation ran an article by Seven Stories author Ralph Nader entitled “Why Are Democrats So Defeatist?” In the article, Nader does what few liberals are willing to do and takes a look at President Obama and the Democratic Party through a critical lens.
Among Nader’s criticisms are that Obama, in 2008, promised a minimum wage increase to $9.50 by 2011, fell silent on the topic after winning the election, and has recently amended the proposal to an increase to $9 by 2015–a far cry from his original plans. Nader also writes that Obama and the Democrats focus more on raising funds and not alienating business interests than opposing a Republican Party and its “votes to protect massive tax breaks for the wealthiest, end the universal Medicare guarantee, jeopardize Social Security, oppose measures that would protect seniors from abusive financial practices, attack women’s health and safety, weaken consumer protections, undermine the Pell Grant program for low-income students, favor corporations shipping jobs overseas at the expense of American workers, slash the food stamp program, weaken protections to ensure that every voter’s vote counts, and allow big oil companies and speculators to drive up gas prices along with a raft of brazen anti-environmental bills that would have despoiled our air, water and soil.” Nader believes that the Democratic Party lacks self-analysis, and, instead of talking vaguely about the middle class, needs to focus more on the needs of the poorer classes that are its “natural constituency.”
Many more of Ralph Nader’s opinions can be found in the forthcoming Told You So: The Big Book of Weekly Columns, which will be available from Seven Stories in May.
February 19, 2013
Progressives of 100 years ago hoped that the 16th Amendment and the introduction of federal income tax would be a blow to plutocracy, according to Sam Pizzigati, author of The Rich Don’t Always Win: The Forgotten Triumph Over Plutocracy That Created the American Middle Class, 1900—1970, in a recent article in The Nation entitled “Real tax reform: Give the rich a tax incentive to support pay increases for the rest of us.” In the first tax schedule following the Amendment, tax rates on the highest brackets were much lower than progressives wished for. However, World War I boosted tax rates for those with an income of over $100,000, a tradition that persisted through the Great Depression and the Eisenhower Era. Taxes on the richest were widely viewed as necessary to prevent concentration of wealth and the destruction to American society that it would bring.
Though the dismantling of tax progressivity is often blamed on Ronald Reagan, it was actually John F.
November 2, 2012
At a press conference yesterday in Toledo, Bob King, President of the United Automobile Workers (UAW), announced that his union and Citizens for Responsibility and Ethics in Washington (CREW) have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney’s so-called “blind” trust.
The union chief says, “The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue. It’s time for Gov. Romney to disclose or divest.”
“While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” King added.
The Romneys’ gigantic windfall was hidden inside an offshore corporation inside a limited partnership inside a trust which both concealed the gain and reduces taxes on it.
Greg Palast breaks news in The Nation and Democracy Now that Mitt Romney made at least $15 million in the auto bailout
October 18, 2012
Because Mitt Romney refuses to divulge his 2009 tax returns, journalist Greg Palast cannot prove just how many millions of dollars Romney made off of the auto bailout. But it is at least $15.3 million and likely more than $100 million. In today’s Nation cover story, Palast, who first broke the “hanging chad” story, and in 2000 revealed how Katherine Harris removed thousands of innocent Black citizens from voter rolls as “felons,” exposes that while Romney was saying “Let Detroit Go Bankrupt” (New York Times OpEd, 2008), he was plotting a 3000% return on his investment in its resuscitation.
Adapted from a chapter in Greg Palast’s current New York Times bestseller, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories Press), which has an introduction by Robert F.
November 8, 2011"The young men and women who launched Occupy Wall Street haven’t yet made our nation one whit less unequal. But these Occupiers have, all the same, overachieved magnificently. They have thrust inequality back into the national limelightafter an absence of generations."
April 9, 2009Joel Berg, David Cay Johnston and Irasema Garza appeared yesterday on GRITtv with Laura Flanders to discuss President Obama's $3 trillion dollar budget, recently approved by the Senate. Berg, Johnston and Garza discussed what the president's budget included—and what it left out.