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12.17 World Bank will stop financing oil and gas exploration and production

12.17 Brazilian police foil million-dollar fraud to export precious wood to China [clear-cutting forests harshly impacts all life above and below ground-level for decades; it decreases oxygen production and seguestration of CO2 and increases area, frequency and duration of drought]

12.16 How investing in solar energy can create a brighter future for Africa

12.14 Global warming made Hurricane Harvey deadly rains three times more likely, research reveals

12.14 The long read: A different dimension of loss’: inside the great insect die-off

12.14 After years of toxic oil spills, indigenous Peruvians use tech to fight back

12.13 The US is penny wise and pound foolish on the climate

12.13 Arctic permafrost thawing faster than ever, US climate study finds

12.13 Drugs Don't Kill People, Neoliberalism Kills People

12.13 English rivers polluted by powerful insecticides, first tests reveal [Are similar tests of U.S. waters conducted by the EPA anymore? We think not...]

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12.18 How Syria's White Helmets became victims of an online propaganda machine [profiles how America elected its most immoral president]

12.17 A Report to Our Readers

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12.18 THE DEMOCRATS’ DANGER OF OUTRAGE OVERLOAD

12.18 Elizabeth Warren: Congress needs to fund community health centers right away

12.18 Warren and Sanders: Who Is Congress Really Serving?

12.18 Paranoia grips Capitol Hill as harassment scandal spreads [Surely Republicans implicated won't resign—like Al Franken was forced to—before passing super tax-cuts for the super rich]

12.18 Trump's tax bill has nothing to do with economics. It's brute-force politics

12.18 Ta-Nehisi Coates is the neoliberal face of the black freedom struggle

12.18 This man sums up all that is wrong about Trump's takeover of the courts [2:04 video of another incompetent district court judge nominee]

12.18 Trump will drop climate change from US National Security Strategy [“Stupid is as stupid does.” –Forrest Gump]

12.17 'Making America Stupid Again': Outrage Over Forbidden 7 Words You Can't Say at Trump's CDC [“Stupid is as stupid does.” –Forrest Gump]

12.16 Poverty in US set to increase due to Donald Trump's policies, says UN official [oligarchy-controlled countries are wonderful for the very rich]

12.16 The crisis ahead: The U.S. is no country for older men and women

12.16 Republicans Despise the Working Class [oligarchy-controlled countries are wonderful for the very rich]

12.16 Rep. Adam Schiff Warns Republicans Are Moving to Shut Down House Russia Probe, Target Mueller

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12.17 Venue of last resort: the climate lawsuits threatening the future of big oil [something else Republicans are packing the courts for...]

12.15 Who Pays for Judicial Races? The Politics of Judicial Elections 2015-16 [desperately packing the courts at all levels to protect white power & unregulated capitalism]

12.13 US Concern Over 'Pervasive' High-Level Corruption Surging Under Trump: Poll [anyone surprised?]

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12.17 Trump’s Misuse of Intelligence on Iran [immoral behavior that could lead to War]

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12.17 How a Philadelphia nun became the unlikely face of conscientious capitalism [Why don't we teach morality in Law & Business schools?]

12.16 The Republican Tax Bill Provides Huge Benefits to People Who Don’t Work. But Only if They’re Rich. [oligarchy-controlled countries are wonderful for the very rich]

12.16 The United States Is Now as Unequal as Russia. And That’s Before the Tax Bill. [oligarchy-controlled countries are wonderful for the very rich]

12.16 EU to force firms to reveal true owners in wake of Panama Papers [what are the chances oligarchy-controlled countries (esp. America and Russia) ever agree to fight tax evasion and money landering? International agencies must all mandate common regulations as a condition for UN membership, trade agreements, world bank loans, etc.]

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12.18 'The future is very dark': Central African Republic's relentless cycle of suffering

12.17 Africa’s new elite force: women gunning for poachers and fighting for a better life [a good model that converts victims of abuse and cruelty into positive activists with good jobs...]

12.14 Mexico: murders of women rise sharply as drug war intensifies

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  Print view: Dollar Dreams from 'Dollar Bill' Bradley
BOOK REVIEW:

Dollar Dreams from 'Dollar Bill' Bradley

by Gerald E. Scorse
Bradley’s book, We Can All Do Better, has an early chapter, "Uprooting the Root of All Evil," that examines the corruption of politics by checkbooks.

Dollars deliver messages in a new book by “Dollar Bill” Bradley, and the former Rhodes scholar, NBA star, U.S. Senator and presidential candidate has no doubt where the dollars should and shouldn’t be going. They should be pouring FDR-style into job creation, and they shouldn’t be donated to politicians, especially dollars from corporations.

Bradley’s book, We Can All Do Better, has an early chapter, "Uprooting the Root of All Evil," that examines the corruption of politics by checkbooks. “At the core of the Washington culture is money,” the chapter begins. “It burdens politicians with the need to raise it. And when they’ve raised it, it compromises them.”

Bradley writes that he spent $1.68 million running for the Senate in 1978. In 2000, running for the same New Jersey seat, Jon Corzine spent more than $62 million, “most of it his own." While Bradley is scalding about Citizens United, he says the Supreme Court’s wrong-headedness on political donations actually took root in Buckley vs. Valeo in 1976. In that decision “the Court said that the money spent by an individual on his or her own political campaign was political speech, protected under the free-speech clause of the Constitution, and therefore could not be limited. This opened the floodgates for rich people [e.g., Corzine] to finance their own efforts.”

It defies common sense, Bradley says. “In Buckley, the Supreme Court said in effect that it was just fine that the candidate with little money only has a megaphone while the candidate with a lot of money has a microphone.” This laid the groundwork for the corporations-are-people Citizens United ruling, under which “the Supreme Court has approved unlimited contributions by super PACs than can steal elections through widely broadcast lies.”

The black-robed Supreme Court may be clueless and tone-deaf, but ordinary white collar and blue collar workers can easily connect the dots. As Bradley puts it, “There is something fundamentally wrong when a lobbyist—whether representing business or labor—comes to a legislator’s office to plead his client’s case and then four hours later appears at the legislator’s fund-raiser in a nearby restaurant with a $10,000 check. The link between money and policy must be broken.”

What needs to be established (re-established, really) is the link between government spending and job creation: “When it comes to proposed federal action to create jobs, every dollar spent in the current environment of declining confidence in government should go to the establishment of a specific job; people have to see the connection between their tax dollars and job creation....When a government’s credibility has been damaged for whatever reason, it cannot shrink from boldness. It must act in a big way to generate more jobs with a short-term, mid-term and long-term strategy.”

Bradley lays out ideas for all three periods, and he draws on his own childhood to invoke the direct federal job creation that took place under FDR:

“What most people remember about President Franklin Roosevelt’s response to the Great Depression are the Works Progress Administration, the Public Works Administration and the Civilian Conservation Corps, which created jobs for Americans in building schools, parks, roads, dams, bridges. In the small town in Missouri where I grew up, the high school was a PWA project built in 1939. Today, over seventy years later, it stands as a testimony to far-sighted government leadership. We need new public investment in public goods that will last another seventy years....The New America Foundation study estimates that a $1.2 trillion investment in much-needed infrastructure over a five-year period would generate 5.52 million jobs in each year of the program. There is no other stimulus that could create so many jobs and leave behind a seventy-year foundation for economic growth. Given low interest rates, there will never be a cheaper time to float thirty-year reconstruction bonds. Government-subsidized personal consumption (i.e., tax cuts) in the current climate of debt de-leveraging cannot work; public investment that directly creates jobs can.”

Twenty-two state attorneys general, joined by Senators John McCain (R-AZ) and Sheldon Whitehouse (D-OH), have lined up behind a Montana challenge to Citizens United.

Is there any hope for more stimulus spending? For campaign finance reform? It’s hard to imagine the former; as for the latter, it’s easy to imagine but another matter to pull off. Twenty-two state attorneys general, joined by Senators John McCain (R-AZ) and Sheldon Whitehouse (D-OH), have lined up behind a Montana challenge to Citizens United. Bradley’s best-case solution would supersede Buckley and Citizens United with a constitutional amendment “stating that federal, state and local governments can limit the total amount of spending in a political campaign....If that were combined with public financing for whatever amount was permitted by the campaign finance laws, we would have returned government to the people.”

Right now, though, we’re nowhere near returning government to the people; right now we’re heading into the most expensive presidential campaign in U.S. history, bent on handing over government to those with the most dollars.


Copyright 2012 Gerald E. Scorse. Op-eds by the author have appeared on numerous websites and in major newspapers.



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This story was published on June 7, 2012.

 

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