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02.22 To solve its pension crisis, Maryland should change how its funds are invested [as California and other states have discovered...]

02.21 Baltimore public schools face $129 million budget deficit, plan mass layoffs [city needs more help from businesses and the public!]

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02.25 Revealed: thousands of children at London schools breathe toxic air [you can't see the most dangerous pollution, the particles are too small which makes them dangerous]

02.24 OMG measurements of Greenland give us a glimpse of future sea rise

02.24 Dutch minister calls on UK to join safe abortion fund after Trump ban

02.23 BREAKING: Exxon to Leave Up to 3.6 Billion Barrels of Tar Sands/Oil Sands in the Ground [Yay!]

02.23 Lancet Study on Life Expectancy by 2030 Confirms Poor US Performance

02.23 Climate scientists face harassment, threats and fears of 'McCarthyist attacks' [sociopathic behavior...]

02.23 The Case for a Fracking Ban

02.22 Federal judge blocks Texas attempt to defund Planned Parenthood

02.22 'Medicare for All' Only Way for Trump to Keep Healthcare Promises

02.22 'This building is its own power plant': your stories of renewables in the city

02.22 What next for renewables in cities? – the expert view

02.21 Norway Pledges Millions to Growing Anti-Trump Global Abortion Fund

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02.25 Donald Trump press ban: Guardian, BBC and CNN denied access to briefing

02.21 ‘With Such a People You Can Then Do What You Please’

02.21 'Last night in Sweden' was a figment of Trump's Fox News-inspired imagination

02.21 Freedom of the press isn't guaranteed. Especially when it's labeled the 'enemy'

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02.25 Wanted: Three Principled Republicans to Save America From Trump

02.25 REPUBLICANS ACCUSE VOTERS OF USING TOWN HALLS TO EXPRESS THEMSELVES

02.25 Resistance Recess Puts Congress on Notice for Supporting Trump’s Agenda

02.25 Steve Bannon: Trump is 'maniacally focused' on executing promises [videos; will increasingly unregulated and immoral capitalism save us?]

02.25 Donald Trump vows to 'get the bad people out' of US – as it happened

02.24 Police remove last Standing Rock protesters in military-style takeover [our government supports polluter rights over the public rights]

02.24 'I was naive': after losing healthcare battle, factory workers fear next blow [4:38 video; sociopathic CEOs don't care about workers]

02.24 Islamophobia grows louder in North Carolina: 'Can we not kill them all?' [sociopathic groups uniting in hate]

02.23 Why Kansas' Fiscal Implosion Is Bad News for Trump ["Stupid is as stupid does." – Forrest Gump]

02.23 “Donald Trump makes Mexicans not important”: Sen. Tom Cotton faces angry constituents at town hall meeting

02.23 Manafort faced blackmail attempt, hacks suggest

Justice Matters

02.25 White House confirms conversation with FBI about Trump and Russia

02.24 New Law Would Let Arizona Treat Organized Dissent as Organized Crime [to suppress non-fascists only, perhaps?]

02.24 French human rights 'at tipping point' as state of emergency continues, says Amnesty International

02.24 Trump admin rescinds plan to reduce private prison use

02.24 Uber accused of 'calculated theft' of Google's self-driving car technology

High Crimes?
Economics, Crony Capitalism

02.25 Just as neoliberalism is finally on its knees, so too is the left

02.24 Michael Hudson: Why Failing to Solve Personal Debt and Polarization Will Usher in a New Dark Age

02.22 Donald Trump's Mystery $50 Million (or More) Loan [will our nation's bookkeeping become more like Trump's?]

International

02.25 CHINA’S NORTH KOREA PROBLEM

02.25 TRUMP, PUTIN, AND THE NEW COLD WAR

02.25 Marine Le Pen refuses to be questioned by French police

02.24 A Global Counter-Trump Movement Is Taking Shape

02.24 UN: $4.4bn needed to prevent 'catastrophe' of famine

02.24 Kim Jong-nam killed by VX nerve agent, say Malaysian police

02.22 WHY FACTS DON’T CHANGE OUR MINDS

02.22 Like Shoplifting: Israel gives Azarya 18 mos. for Killing subdued Palestinian Assailant

02.22 Palestinians must hang on to the green line, whether the aim is two states or one [We mustn't let fear trump morality]

02.22 EUROPE’S CHILD-REFUGEE CRISIS [We mustn't let fear trump morality]

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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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