Tag Archives: Kleptocracy

Bayh unretires – Was “counting on my wife’s cut of the Anthem rate hike”

Senator Evan Bayh today reversed his week-old decision to retire from the U.S. Senate, citing economic reasons.

The two-term Indiana lawmaker told a Washington DC press conference he was forced to unretire after his wife learned Anthem Blue Cross of California is delaying a planned 39% hike in subscriber premiums. Susan Bayh is a board member of Indiana-based WellPoint, Anthem’s parent company.

“I was counting on my wife’s cut of the Anthem rate hike, that was going to be our retirement nest egg,” said Bayh.

Growing reflective, Bayh wondered aloud about the future of the American status quo. “I worked hard this past year making sure nothing happened with health care reform, for this?” he asked.

“It used to be in this country that a man born to wealth and power could use that position, and his cozy connections, to get even further ahead,” he said.

“Instead, I’m going to have to do like many Americans who have lost their retirement savings in the recession, and keep working. It makes you want to give up on the institution of Congress. Almost,” Bayh said.

In other news, the Obama administration announced nuclear power as the new centerpiece of its environment and energy efficiency policies. “America’s energy future won’t just be green, it will glow green thanks to new, totally safe-ish nuclear plants,” Press Secretary Robert Gibbs said.

Blogs Against Kleptocracy – The Crisis du Jour

If you played by the rules—invested like a good little drone, didn’t over-extend yourself during the real estate bubble—the kleptocrats that run our government guided by the corporatists who really call the shots, are about to f*ck you as you’ve never been f*cked before.

Did you think that the biggest wealth transfer mechanism ever conceived, the Iraq War with it’s direct and indirect payments to the defense and energy industries, was the end-game? Think again. Bu$hCo has been planning the “real end-game” for probably 2 to 3 years.

As with the Patriot Act, rushed through Congress with no review or meaningful debate, the administration is poised to slam a $700B+ bailout of those who created the current financial mess, right down the throats of the those of us who had nothing to do with it. In other words, Bu$hCo wants the ability to take your money and give it straight to ailing Wall Street firms—robbing the poor to pay the rich. And…once we’ve given our permission, it can never be revoked because that’s the way BU$HCO WROTE THE F*CKING LAW!

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

Oh…and this act is no longer just about the Treasury Department dealing with bad mortgage debt. Nope, the “Sunday surprise” expanded Bu$hCo’s demand to include any debt the government chooses to acquire.

Some things to keep in mind.

  1. Democrats won’t help us. As Glenn Greenwald put it, “When it comes to things the Bush administration wants, Congressional Democrats don’t say ‘no’ to anything. They say ‘yes’ to everything. That’s what they’re for.”
  2. The Wall Street firms that created the mess will be allowed to walk away. They will not be punished. Not one penny of their unprecedented profits will be used to ameliorate the huge burden being shifted to ordinary citizens …
  3. … Moreover, there is no reason Wall Street should not go right on concocting complex, high-risk financial schemes. They know that as soon as those schemes collapse, the US Government will step in to make them whole. You and I will be the ones left holding the bag, whether we play or not.
  4. If you’ve had any doubts that we’re living in a Corporate Kleptocracy, where the government works hand in hand with corporations to ensure that wealth is transferred to those who already have it, you need not doubt it any more.

For 8 years this crisis has brewed, and Republicans have made sure that nothing was done to stop it. For 4 years Democrats have had the power to take action on their own, and not only haven’t they done anything, they’ve rubber-stamped every initiative that Bu$hCo has handed them. Now, with the chickens coming home to roost, a plan to give the government unfettered authority to use your money to make the gamblers whole, magically appears?! How can anyone truly believe that this wasn’t the plan all along?

Sit back and enjoy the end-game. It’s entirely out of our hands now.

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