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2016 Postmortem
In reply to the discussion: If you want to learn WHY Bill and Hillary Clinton are so close to Wall Street... [View all]Octafish
(55,745 posts)34. You made my day, Hell Hath No Fury.
Truth is what Democracy needs to survive. Founders understood the concept and put it at the top of the Bill of Rights -- at a time when pens needed to be dipped in ink and pictures were engraved on brass plates for reproduction, one copy at a time.
Amendment I.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
That didn't go too well with the conservatives wanted to keep up their banking, pollution and wars for personal profit. So, they worked to turn the watchdogs into lapdogs.
The Powell Memo (also known as the Powell Manifesto)
The Powell Memo was first published August 23, 1971
Introduction
In 1971, Lewis Powell, then a corporate lawyer and member of the boards of 11 corporations, wrote a memo to his friend Eugene Sydnor, Jr., the Director of the U.S. Chamber of Commerce. The memorandum was dated August 23, 1971, two months prior to Powells nomination by President Nixon to the U.S. Supreme Court.
The Powell Memo did not become available to the public until long after his confirmation to the Court. It was leaked to Jack Anderson, a liberal syndicated columnist, who stirred interest in the document when he cited it as reason to doubt Powells legal objectivity. [font color="green"]Anderson cautioned that Powell might use his position on the Supreme Court to put his ideas into practice in behalf of business interests.[/font color]
Though Powells memo was not the sole influence, the Chamber and corporate activists took his advice to heart and began building a powerful array of institutions designed to shift public attitudes and beliefs over the course of years and decades. The memo influenced or inspired the creation of the Heritage Foundation, the Manhattan Institute, the Cato Institute, Citizens for a Sound Economy, Accuracy in Academe, and other powerful organizations. Their long-term focus began paying off handsomely in the 1980s, in coordination with the Reagan Administrations hands-off business philosophy.
Most notable about these institutions was their focus on education, shifting values, and movement-building a focus we share, though often with sharply contrasting goals.* (See our endnote for more on this.)
So did Powells political views influence his judicial decisions? The evidence is mixed. [font color="green"]Powell did embrace expansion of corporate privilege and wrote the majority opinion in First National Bank of Boston v. Bellotti, a 1978 decision that effectively invented a First Amendment right for corporations to influence ballot questions.[/font color] On social issues, he was a moderate, whose votes often surprised his backers.
CONTINUED...
http://reclaimdemocracy.org/powell_memo_lewis/
This story continues through today, where we have Chief Justice John Roberts shepherding corporate friendly law through the court, let alone appointing nothing but BFEE-friendly pukes to the FISA Court, and the press working mightily to move on to the next shiny object. Of course, Congress and the Administration do their bit to advance the interests of Corporate America, Wall Street, and War Inc, unchecked by public awareness.
That's where We the People come in, Hell Hath No Fury. We are the ones who must tell the truth -- even when unpleasant -- because it always is needed. Thank you for understanding. Thank you for caring.
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If you want to learn WHY Bill and Hillary Clinton are so close to Wall Street... [View all]
Octafish
Mar 2016
OP
K&R....but...but...it's 'so 90's...' - the statutes of realization have apparently expired...
islandmkl
Mar 2016
#3
the role of Glass-Steagal in the economic crash as been debunked by both sides repeatedly. nt
Jitter65
Mar 2016
#6
pretty much the same trajectory for me. "the bell can't be unrung" <-- totally.
nashville_brook
Mar 2016
#21
Ms. Clinton was paid $225,000 by UBS to speak to the Wealth Management department on July 11, 2013.
Octafish
Apr 2016
#38
That was a walk down Memory Lane; Hillary's "commodities trading profits" were from that era
BernieforPres2016
Mar 2016
#25
President Obama thought this way once. He resisted using a Super PAC in 2012.
Trust Buster
Mar 2016
#28
Obama's Big Sellout: The President has Packed His Economic Team with Wall Street Insiders
Octafish
Apr 2016
#42
Willie Sutton (criminal) is alleged to have said (but he denied it): He robbed banks because
NCjack
Mar 2016
#30