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.
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.
In demonizing the long-dead Saul Alinsky, Newt Gingrich is exploiting ignorance about the Chicago community organizer while blowing a dog whistle for some bigots on the Right over the “foreign-sounding” Russian-Jewish name. He’s also got his history wrong, as Bill Moyers and Michael Winship note.
Police have cleared out most Occupy Wall Street encampments around America, but no one is stopping the ultra-rich from partying on with the trillions of dollars in bailout help from the feds and the Fed, as Bill Moyers and Michael Winship observe.
The Wall Street banks may have crawled back from the cliff of 2008 – and may have trimmed their bonuses a bit as they adjust to a more austere America – but they still get to place ex-employees in key government jobs, close to the ear of power, as Bill Moyers and Michael Winship note.
Mitt Romney, who wants talk of income inequality confined to “quiet rooms,” admits he’s spent the last decade living mostly on investments and paying less than half the taxes that would apply to a salary, just one more example of why the rich keep getting richer, as Bill Moyers and Michael Winship observe.
Over the past three decades, right-wing policies have diverted the wealth of America into fewer and fewer hands, and a right-wing Supreme Court has let money dominate U.S. politics like never before, challenging Woody Guthrie’s idea that “this land was made for you and me,” Bill Moyers and Michael Winship note.