Less than four years after precipitating a devastating financial crisis – and getting bailed out by taxpayers – the big banks are looking to Election 2012 as a chance to roll back even modest reforms, like the Volcker Rule, that reined in Wall Street gambling, as Bill Moyers and Michael Winship explain.
Exclusive: Many in the Washington Establishment – including key parts of the press – fancy themselves doing what’s “good for the country” by shielding Americans from painful realities, like the emerging crisis over a partisan-driven Supreme Court. But the hard truth, not easy lies, is what’s best for the nation, says Robert Parry.
As Americans struggle with their tax returns, they are reminded how skewed the tax system has become, with multi-millionaires who live off investments paying a lower rate that middle-class people who go to work every day, a situation that Danny Schechter says deserves protest.
Exclusive: President George W. Bush not only botched the Afghan and Iraq wars but he bungled his “dead or alive” pursuit of Osama bin Laden, assuring al-Qaeda’s leader nine more years of life and the opportunity to father four more children with his 20-something third wife, Robert Parry writes.
Exclusive: The negative tone of the Republicans on the U.S. Supreme Court suggests that the Affordable Care Act, with its individual mandate to buy health insurance, may be overturned as “unconstitutional” by a partisan 5-4 vote. But key Founders had a less hostile view toward mandates in 1792, as Robert Parry reports.
From Editor Robert Parry: In the 16-plus years of Consortiumnews, our most difficult fund-raising periods have been in presidential election years like this one. Many supporters tell me they are funneling what money they have into campaigns and, implicitly, that independent journalism is not a priority.
From the Archive: Over the centuries as Christianity bent to the interests of the rich and powerful, the story of Jesus’s fateful week in Jerusalem was reshaped to minimize perhaps its central event, his overturning of the money tables at the temple, a challenge to the merging of religious and political power, says Rev. Howard Bess.
Exclusive: George Washington and James Madison, two key Framers of the Constitution, saw nothing wrong with issuing mandates to citizens (to buy muskets for a militia), but today’s Republican majority on the Supreme Court seems set on going rogue and rewriting the founding document to say otherwise, Sam Parry writes.
A legal fight is underway in Minnesota over the state’s investment in Israeli bonds that are used to support settlements and other Israeli actions in the West Bank deemed illegal under international law. Sylvia Schwarz, a plaintiff in the lawsuit, explains why she’s demanding the state’s divestiture.
Exclusive: Ronald Reagan’s Solicitor General Charles Fried sees “politics, politics, politics” at play in the apparent move by the Supreme Court’s Republican majority to kill health-care reform, but the Washington Post’s neocon editors say it’s unfair to call any of those five GOP justices a “hack,” reports Robert Parry.