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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
Whoever wins, we need Kevin, Heather, A.J., Monisha, Stan, Debbie, and Peter
Political outsiders are the only change we can count on
Also in this issue:
March's Lowdown
Giving corporations more power to buy politicians of their choice
"For too long," wailed the senator in a heart-tugging cry for justice, "some in this country have been deprived of full participation in the political process."
Mitch McConnell, the Republican leader of the U.S. Senate, has never been mistaken for a bleeding-heart liberal, so you can rest assured that his anguish over inequality did not concern the disenfranchisement of minorities or poor people--or any kind of people, for that matter. No, it is the tragic political deprivation faced by America's corporations that moved Mitch to such an outpouring of woe.
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The bailout bonanza
The Bushites' trillion-dollar giveaway started out as a bailout for banks with big holdings of investment schemes based on home mortgages. Then lobbyists got "any other financial instrument" included. Then foreign-based banks, including Swiss-based UBS (whose chief lobbyist, former Senator Phil Gramm, is longtime economic advisor to John McCain), muscled into the party, looking for a handout to cover $20-billion worth of bad paper it bought.
Now Wall Streeters are lining up for more than a billion dollars in fees for "managing" the bailout. Yes, some of the very outfits that caused this mess plan to cash in on the cleanup!
So far the tab is well over $2,333 for every man, woman, and child in our land.
In the next Lowdown, we'll unravel this along with other Greatest Hits of the Bush Empire.