The Consumer Financial Protection Bureau (CFPB) throws open its doors to consumers this week, officially starting its mission to safeguard Americans from overly complex financial products and malignant banking practices. The bureau is the culmination of a national grassroots effort to hold the big banks accountable for the 2008 economic collapse caused by Wall Street's insatiable appetite for dangerous mortgage products. Millions of Americans signed petitions to create the bureau and new polling shows that 74% of Americans think it is a terrific idea.
Hundreds of ALEC's model bills and resolutions bear traces of Koch DNA, raw ideas that were once at the fringes but that have been carved into "mainstream" policy through the wealth and will of Charles and David Koch.
Although he passed away in 2006, states are now grappling with many of the toxic notions left behind by University of Chicago economist, Milton Friedman.
In her groundbreaking book, The Shock Doctrine, Naomi Klein coined the term "disaster capitalism" for the rapid-fire, corporate re-engineering of societies still reeling from shock. The master of disaster? Privatization and free market guru Milton Friedman. Friedman advised governments in economic crisis to follow strict austerity measures, combining radical cuts in social services with the full-scale privatization of their more lucrative assets. Many countries in Latin America auctioned off everything standing -- from energy and water utilities to Social Security -- to for profit multinational firms, crushing unions and other dissenters along the way.
The American Legislative Exchange Council's Annual Meetings and Task Force Summits are held in some of the nation's top travel destinations, at swanky hotels where state legislators and corporate executives enjoy lavish accommodations and exclusive excursions.
The insurance industry made it abundantly clear this week that it is in the driver's seat -- in both Washington and state capitols -- of one of the most important vehicles created by Congress to reform the U.S. health care system.
The Affordable Care Act requires the states to create new marketplaces -- "exchanges" -- where individuals and small businesses can shop for health insurance. In the 15 months since the law took effect, insurers have lobbied the Obama administration relentlessly to give states the broadest possible latitude in setting up their exchanges. And those insurance companies have been equally relentless at the state level in making sure governors and legislators follow their orders in determining how the exchanges will be operated.
The Center for Media and Democracy has obtained copies of more than 800 model bills approved by corporations through ALEC meetings, after one of the thousands of people with access shared them, and a whistleblower provided a copy to the Center. We have analyzed and marked-up those bills and made them available at ALEC Exposed. This article has been updated. For press inquiries, please contact Nikolina Lazic at 608-260-9713 or firstname.lastname@example.org.
This CMD Special Report cuts through the PR spin and exposes the funding and spending of the American Legislative Exchange Council (ALEC). Almost 98% of ALEC's funding comes from corporations like Exxon Mobil, corporate "foundations" like the Charles G. Koch Charitable Foundation, or trade associations like the pharmaceutical industry's PhRMA and sources other than "legislative dues." Those funds help subsidize legislators' trips to ALEC meetings, where they are wined, dined, and handed "model" legislation to make law in their state. Through ALEC, corporations vote on "model" legislation with politicians behind closed doors. The special report focuses on ALEC's funding. Learn more at ALEC Exposed.
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On July 28, 2009, Glenn Beck called President Barack Obama a "racist" who has a "deep-seated hatred for white people, or white culture" in an appearance on the Fox News Channel morning show, Fox & Friends. Almost two years later, on June 30, 2011, he wrapped the final episode of Fox's The Glenn Beck Program.
What led to the demise of the firebrand's controversial television show? Everything from a sharp decline in ratings -- according to The New Republic, Beck's ratings fell from an average of 2.9 million in January 2010 to 1.8 million in January 2011, and Forbes' Rick Unger said his numbers represented the "steepest decline in all cable news programs" -- to political differences between Beck and the Fox team has been cited, but one important factor cannot be ignored.
Beck's vitriolic commentary forced Fox to take a hit where it hurts the most: its bottom line. But it would not have happened without a concerted effort by a number of groups and activists.
On behalf of Grigor and Hilda Sarkisyan, I would like to invite Republican Rep. Phil Gingrey of Georgia to attend the 21st birthday celebration of the Sarkisyans' only daughter, Nataline, this coming Saturday, July 9, in Calabasas, California.
Gingrey could consider it a legitimate, reimbursable fact-finding mission. He clearly needs to have more facts about the U.S. health care system before he starts talking about death panels again.
Gingrey seems determined to keep alive the lie that the Affordable Care Act (a.k.a., Obamacare) will create government-run death panels in the Medicare program.
Sarah Palin started the death panel fabrication when she claimed during the health care reform debate that a proposal to allow Medicare to reimburse doctors for talking to their patients about advance directives would be tantamount to establishing death panels deep in the federal bureaucracy. So many people believed her lie that Democrats felt they had no choice but to strip that provision from the final bill.