Campaign 2010

Countdown to Congressional Elections


The most effective way to restrict democracy is to transfer decision-making from the public arena to unaccountable institutions: kings and princes, priestly castes, military juntas, party dictatorships, or modern corporations.
Noam Chomsky, M.I.T. emeritus Professor of Linguistics

The Rise of Corporate Freedom of Speech

(Surpassed 2008 total on August 18)

See Weekly Spending Totals

$2.9 Billion Spent in 08
on Congressional Race
See Major Contributors

Corporate money in politics is bad enough. Secret corporate money is intolerable.


Primary Election Results
(UPDATED: August 25, 2010)






"The Great 2010 Incumbent (Non-)Revolt"

Senate Primary’s
Incumbent Democrats
1 Loss; 6 Wins of 13
Incumbent Republicans
1 Loss; 9 Wins of 12

House Primary’s
Incumbent Democrats
2 Loss; 182 Wins of 245
Incumbent Republicans
2 Loss; 140 Wins of 158

General Election Candidates

Senate

House of Representatives

Visual Facts

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Click Image for Larger Size.

National Debt Clock

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WHEN Did You Become Fiscally Responsible?
BEFORE Obama or AFTER Obama??
January 20, 2009
$10,838,758,414,164.46 - ↑90%
Discretionary Spending at 48.6%

January 20, 2001
$5,719,124,940,098.04 - 36%
January 20, 1993
$4,192,107,025,882.17 - 62%
January 20, 1989
$2,601,104,000,000.00 - 189%
January 20, 1981
$909,041,000.000.00

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Debt by President

Are You A Tea Party Hyprocrite??

(Click for Debt Details)

United States of Corporations

Thanks to the GOP's Supreme Court
(Click Flag for Full Size)
Corporate Bill of Rights

Quotes and Links

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(Look for the Listings)

The Decade When the U.S. Lost Its Way

Where Have All the Neocons Gone?

From Neocons to Crazy-Cons

America Builds an Aristocracy

Supreme immodesty: Why the justices play politics

The Biggest Medicare Fraud Ever

Enough Right-Wing Propaganda

Tax Rate for Richest 400 Taxpayers Plummeted in Recent Decades, Even as Their Pre-Tax Incomes Skyrocketed

"The financial reform bill will determine whether Wall Street’s banks will serve the American economy or whether the American economy will continue to serve Wall Street's banks."

"While the economy doesn't function for most of us ordinary workers, it yields considerable reward for those at the top."

Republicans Are Locked in a Passionate Embrace with a Corpse and Won't Let Go

"The most important thing Republicans think is that if there are Americans who can't afford the insurance policies that private insurers are willing to offer, then that's their problem."

"It should tell you everything you need to know that, in lobbying to retain its bank supervisory powers, the Fed's allies include the big Wall Street banks."

"[Texas Republican Jeb] Hensarling told a Texas-size whopper — and then tried to claim Republican credit for Bill Clinton’s budget surpluses."

"The Supreme Court's 5-to-4 decision last week giving American corporations the right to unlimited political spending was an astonishing display of judicial arrogance, overreach and unjustified activism."

"It was wrong because nothing in the First Amendment dictates that corporations must be treated identically to people."

"They backed the truck up to Fort Knox in broad daylight. They emptied it out, we rescued them and they get $150 billion in bonuses."

"A huge, unregulated boom in which almost all the upside went directly into private hands, followed by a gigantic bust in which the losses were socialized."

So You Just Squandered Billions . . . Take Another Whack at It

Banks 'Too Big to Fail' Have Grown Even Bigger

Bankers' bonuses Beat Earnings as Industry Imploded

U.S. Rescue May Reach $23.7 Trillion

The Bank Bailouts — Corporate Welfarism

New Evidence Cheney Swayed Reaction to Leak - Valerie Plame

Once Again, The More You Watch Fox The Dumber You Are

"Over the past year, the Federal Reserve and the Treasury have injected trillions of dollars into frozen financial markets, snapping up unwanted bonds, extending guarantees to banks and slashing interest rates."

Building a Better Capitalism

The End of Supply Side Economics

The Great Wealth Transfer

The Richer

Who Rules America? Power, Politics, and Social Change

Proponents of Estate Tax Repeal Are Resurrecting Old Misconceptions

Income Gaps Between Very Rich and Everyone Else More Than Tripled In Last Three Decades

Ending Plutocracy: A 12-Step Program

Our Gilded Age

The Rich and the Rest of Us

GOP's "Small Government" Talk is Hollow


Distortions, Hypocrisy & More

"I'm not upset that you lied to me; I'm upset that from now on I can't believe you"
Friedrich Nietzsche
[Hover to Pause]

Today is

March 29, 2009

AIG Resignation Email Designed To Drum Up Support For Bonuses

March 29, 2009

The Facts

Edward Liddy, CEO of AIG, has made public the resignation email from Jake DeSantis, executive vice-president of AIG’s infamous financial products unit. The unit is well known as the one that brought AIG to its knees (or maybe more appropriately, its belly), then getting $165 million in bonuses paid out of taxpayer money.

The email is a “sob” letter from DeSantis. He’s quitting because the company has reneged on the bonus contract, and he’s “upset”.

My View

If anyone believes this is not a set up by Liddy and DeSantis, I have some of that well-known beach-front property in Arizona that I will practically give you. Just contact me for my ridiculously low price.

Of course DeSantis is resigning. He’s probably been on his way out for sometime now, only waiting for his bonus. But to make this email public has only one objective — to “prove” that what all those protectors of Wall Street have been saying is true; if we don’t pay them their bonuses, they’ll walk. When was the last time you’ve heard of a CEO publishing a resignation letter of an employee, let alone a senior executive? I’ll tell you — never! It’s just not done.

Now it doesn’t matter that us ‘stupid’ common folks know that is the reason for publishing the email. Its purpose will be well served by the time CNBC, Fox News, hundreds of politicians, and all others who believe that Wall Street should rule have finished exploiting the email. We have to remember that with them, the end justifies the means. And if ever exposed for its true purpose, it will be waved off with “that’s yesterday’s news, and nobody’s interested in that”.

Side Note: I just had to include this comment from one reader of the published email. “Hint: If your company accepts tens of billions of dollars from taxpayers, consider your bonus renegotiated.”

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2 comments to AIG Resignation Email Designed To Drum Up Support For Bonuses

  • J.WNo Gravatar

    I like your posting style and how you separate the view from the actual story. If you added a video then it would be more pleasing to the eye. Overall awesome post!

  • JW, thanks for your kind & thoughtful comment, and your advice. I’ve posted a couple of video’s when appropriate, but somehow I always felt it was very easy to have too many. Perception, I guess. But with your comment maybe I need to revisit the idea. Thanks for visiting.

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