Bristol-Myers Squibb (BMS), a New York pharmaceutical company with $17.6 billion in annual revenue, and WellPoint, an Indiana health insurance company with $61.7 billion in annual revenue, are cutting ties with the American Legislative Exchange Council (ALEC).
This brings the tally to at least 44 corporations that have cut ties to ALEC in the past year.
Members of the American Legislative Exchange Council (ALEC) in the Georgia Legislature are pushing a bill to thwart locally-owned internet in underserved communities, an industry-sponsored effort that effectively reinforces the digital divide. (UPDATE: HB 282 failed on a 94-70 vote on March 7.) If Georgia had passed the bill it would have been the twentieth state to eliminate community control over internet access.
As sequester cuts start to bite a little harder, the Fix the Debt gang is pushing for a "grand bargain," deep cuts to earned benefit programs like Social Security and Medicare in exchange for some vague promises about "tax reform."
Last week, the Center for Media and Democracy and The Nation magazine worked together to publish a package in The Nation and a new online wiki resource on Pete Peterson and the Campaign to Fix the Debt, an entity we consider an "astroturf supergroup" with a huge budget working hard to create the fantasy that Americans care more about national debt and deficits than jobs and the economy. Fix the Debt is currently exploiting the "sequester" debate in Congress to encourage steep cuts to incredibly popular social programs like Medicare and Social Security.
Democracy Now! spoke with John Nichols of The Nation and Lisa Graves of the Center for Media and Democracy about their joint efforts to expose Pete Peterson's "Campaign to Fix the Debt" as an astroturf supergroup spending millions to convince Congress that a job-killing austerity package is the way to go in the middle of an economic downturn.
Wisconsin State Senator Glenn Grothman, who made headlines in December for an unprovoked attack on Kwanzaa, has set his sights on another imagined enemy: renewable energy standards. Although Sen. Grothman's latest move is just as ridiculous as his past efforts, this one is part of a national effort backed by the American Legislative Exchange Council (ALEC) and the Heartland Institute.
Fix the Debt financier Peter G. Peterson knows a thing or two about debt: he's an expert at creating it. Peterson founded the private equity firm Blackstone Group in 1985 with Stephen Schwarzman (who compared raising taxes to "when Hitler invaded Poland"). Private equity firms don't contribute much to the economy; they don't make cars or milk the cows. Too frequently, they buy firms to loot them. After a leveraged buyout, they can leave companies so loaded up with debt they are forced to immediately slash their workforce or employees' retirement security.
Fix the Debt is the most hypocritical corporate PR campaign in decades, an ambitious attempt to convince the country that another cataclysmic economic crisis is around the corner and that urgent action is needed. Its strategy is pure astroturf: assemble power players in business and government under an activist banner, then take the message outside the Beltway and give it the appearance of grassroots activism by manufacturing an emergency to infuse a sense of imminent crisis.
Madison, WI -- One of the most hypocritical corporate PR campaigns in decades is advancing inside the beltway, attempting to convince the White House, Congress, and the American people that another cataclysmic economic crisis is around the corner that will destroy our economy unless urgent action is taken. Soon this astroturf supergroup may be coming to a state near you.
The U.S. Supreme Court could open the door to even more money in politics than it did in the disastrous 2010 decision Citizens United v FEC as it considers a new case challenging limits on how much wealthy donors can give directly to federal candidates and political parties. If the court sides with the challengers in McCutcheon v FEC, political power and influence in America would be further concentrated in the hands of just a few wealthy donors.
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