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Hightower Lowdown
It's not the size of the dog in the fight, it's the size of the fight in the dog. -M.Twain
In This Issue
While most of the Democrats in Washington cower
The presidency is taking over the courts and Congress
Also in this issue:
- U.S. CORPS BACK CHINESE SUPPRESSION
- VERICHIP IMPLANTS AND TUMORS
- AN EXCLUSIVE PRIMARY
- OUR GAPING ECONOMIC DIVIDE
Do Something!
February's Lowdown
How corporate money took over Washington--and created the mobs who rant against reform
Despite a constant racket from the forces of the far-out right (Fox television's yackety-yackers, just-say-no GOP know-nothings, tea-bag howlers, Sarah Palinistas, et al.), the great majority of Americans support a bold progressive agenda for our country, ranging from Medicare for all to the decentralization and re-regulation of Wall Street. Indeed, in the elections of 2006 and 2008, people voted for a fundamental break from Washington's 30-year push to enthrone a corporate kleptocracy.
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AN EXCLUSIVE PRIMARY
The top presidential candidates of both political parties are meeting with voters in a key primary, promising to help them on the issues they care about.
Are they in Iowa? No. New Hampshire? Uh-uh. California? Nowhere near it. So, where?
Wall Street.
While regular citizens won't start voting for the presidential contenders until next January, an intensive, closed-door primary has already been taking place inside the confines of investment banks, hedge funds, and other financial institutions in Manhattan. It's strictly a private campaign--albeit with enormous public impact.
Bear Stearns, for example, summoned seven major candidates, including Romney, Clinton, Giuliani, Obama, and Thompson, to its midtown headquarters for exclusive presentations and Q&A sessions with its managing partners.
Business Week magazine reports that these Wall Street barons want to measure the candidates' ability to "make smart decisions in times of uncertainty, a trait bankers and traders prize in themselves."
Wait a minute! Aren't these the same people who brought us Enron, NAFTA, offshoring, exorbitant credit card fees, oil dependency, pension collapses, and other "smart decisions"? Indeed, isn't Bear Stearns itself buttdeep in the ongoing subprime mortgage disaster? Why should anyone listen to them?