As SuperPACs dominate U.S. elections with unlimited spending on attack ads, the broadcasting industry is resisting a proposed federal rule requiring real-time posting online about those expenditures. The vote of one FCC commissioner could decide the outcome, says Michael Winship.
A federal appeals court has extended the Citizens United “logic” into the realm of public television, opening the door to cluttering up those stations with campaign attack ads like the rest of TV, an ominous development to Bill Moyers and Michael Winship.
Some of the ultra-rich who backed Barack Obama in 2008 are switching to Mitt Romney in 2012 because the President has called for closing tax loopholes that allow hedge-fund and private-equity billionaires to pay lower tax rates than working stiffs, Bill Moyers and Michael Winship write.
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.
Among the “winners” in Election 2012 will surely be the giant corporations that own many U.S. television stations as they rake in billions of dollars in SuperPAC and other political spending for attack ads. But these stations aren’t eager to make these details easily available to the public, write Bill Moyers and Michael Winship.
Congress finally banned its members and other federal officials from stock trading based on insider government information, but not before the law was watered down in two key respects, as Michael Winship reports.
In recent years, PBS has grown more and more timid as financial and political pressures have mounted, explaining why two of its more controversial series presenting independent documentaries have gotten stuck in a time slot guaranteeing fewer viewers. PBS veterans Bill Moyers and Michael Winship object.
America’s banks remain under fire, including a public resignation by a Goldman Sachs executive disgusted by the firm’s abuse of its clients. New protests also include calls by some Christian churches for the banks to repent for their roles in the nation’s foreclosure crisis, Michael Winship reports.
When financier Robert Allen Stanford was a high-flying billionaire, he spread his campaign donations around to powerful politicians of both parties, from Barack Obama to John McCain. But now – with Stanford convicted of fraud – a federal court is demanding refunds of his largesse, reports Michael Winship.
Since the early supply-side days of Ronald Reagan, the Right has pretended that slashing taxes on the rich will generate extra revenue, thus more than paying for itself. The reality has turned out differently, but Michael Winship says that hasn’t changed the determination to bend reality to politics.