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Will Sarah Palin and the Tea Party Join Occupy Wall Street?

Posted 33 months ago|11 comments|1,197 views
Written by
Altruist
Eugene, OR
An excellent article purported to have been written by Sarah Palin, entitled: "How Congress Occupied Wall Street" explained why "Politicians who arrive in Washington as men and women of modest means leave as millionaires." http://online.wsj.com/article/SB10001424...

Ms. Palin explains how all of the members of Congress can get rich: "Politicians derive power from the authority of their office and their access to our tax dollars, and they use that power to enrich and shield themselves."

The article points out how politicians enrich themselves by: "accepting sweetheart gifts of IPO stock from companies seeking to influence legislation, practicing insider trading with nonpublic government information, earmarking projects that benefit personal real estate holdings, and even subtly extorting campaign donations through the threat of legislation unfavorable to an industry."

All of this would be illegal for the rest of us and they sent Martha Stewart to jail for the same thing. "What are the solutions? We need reform that provides real transparency. Congress should be subject to the Freedom of Information Act like everyone else. We need more detailed financial disclosure reports, and members should submit reports much more often than once a year. All stock transactions above $5,000 should be disclosed within five days."

"We need equality under the law. From now on, laws that apply to the private sector must apply to Congress, including whistleblower, conflict-of-interest and insider-trading laws. Trading on nonpublic government information should be illegal both for those who pass on the information and those who trade on it. (This should close the loophole of the blind trusts that aren't really blind because they're managed by family members or friends.)"

"No more sweetheart land deals with campaign contributors. No gifts of IPO shares. No trading of stocks related to committee assignments. No earmarks where the congressman receives a direct benefit. No accepting campaign contributions while Congress is in session. No lobbyists as family members, and no transitioning into a lobbying career after leaving office. No more revolving door, ever. "

Good ideas all. We should all support positions that clean up government corruption, provide more transparency, and which benefit the 99% no matter what party we belong to. Occupiers and Tea Partiers both claim that they oppose crony capitalism and corruption. Common Ground?

You decide. Actions speak louder than words.

Insider Trading: http://blogs.ajc.com/jay-bookman-blog/20...

Transparency in Government: http://www.dailykos.com/story/2011/06/11...

Tax Cut for the 99% or Tiny Tax on the 1%: http://desertbeacon.wordpress.com/2011/1...

Corporate Personhood: http://skyvalleychronicle.com/BREAKING-N...

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COMMENTS
33 months ago: Good Point, Oregon man. But hugely, vastly, and gargantuanily understated. Those are good links and they outline the problem and even state the problem:

"Corporations have occupied Washington and drowned out the voices of the people." To this might be added:
"Non-profits (with large budgets) have drowned out the voices of the people".

American government begins with the best of ideas. Founded on Greek principles of public discussion with three strong branches of government, our founding fathers attempted to unify a widely diverse and scattered population. The Constitution and its amendments have been proven to mostly work. It has been widely copied and accepted by other cultures. But there is a weakness, Altruist's article points to the problem and outlines its form and links to articles by politicians who also point to the weakness.

Congress makes laws; therefore Congress can make laws that exempt itself from the laws it makes. Well. A Congressperson can not murder and get away with it. But he can enrich himself financially when he is exempted from financial laws that apply to everyone else. And does. This has all become a money game, more and more money game.

Whereas it begin as a game that served the people, the common citizen. Well. It just isn't like that any more. Individual congressmen grow wealthy because they "serve themselves first". America's government doesn't allow direct bribes, we see few direct cash bribes and it is a crime. But more subtle methods squeak through the cracks and past the laws and put money into politician's pockets. Congress helps this happen by creating laws that exempt themselves from accepting certain kinds of gifts, such as IPO shares.

The poor get poorer and the wealthy grow richer and Congress is the tollgate in that roadway. It is the only institution that makes law to collect public money and disperse public money. Congress can minimize passage along the money road for a selected few. It can tax the poor and exempt the wealthy. It is our bastion of freedom because it controls for the wealth we citizens create. We keep what we earn or we lose what we earn, at the whim of congressional law.

And here we are in the 21st century. Congress has exempted itself from some of the laws that prevent common citizens from becoming wealthier. Our toll guard (our congressperson) has exempted himself and can take some of our toll for himself. He doesn't tuck some of the dollars he controls into his pocket because direct bribes are illegal. The chauffeured limousines don't drop a dollar into the hopper and another dollar into his hand. Subtle and less direct bribes happen. Government has grown large and complex and Congress has exempted itself about some financial actions and additionally made law so it is difficult to look into those nooks and crannies. The end result is that our government watchdog, the Judicial Branch of government, finds laws laid across its path so it can not act as a good watchdog in certain financial areas. What is the solution? We need a better watchdog who has the teeth to kick some laws out. The Judicial Branch is our only hope.
Altruist
Altruist
Eugene, OR
33 months ago: Good Comments Terryeo. The main problem with our system is that the representatives is so dependent on money to get elected or re-elected that they need to spend 85% of their time begging for money instead of doing the people's work. None of the money they get is free so the allegiance of all of those representatives has been purchased.

Since they get much more money from the big corporations than the little guys, the big corporations are able to purchase more allegiance, and the representatives serve them more than the people they were elected to serve.

That is why the entire political system is so skewed to benefit the corporations and the rich and powerful. That is why we have lost our democracy.

We need to get money out of government altogether and make them play by the same rules that everyone else has to play by.

We should also require them to have the same health care system, and pension system, that they impose on us, and ban them from using their influence after they are retired.
The Cypress Gang
The Cypress Gang
33 months ago: But what if the Sovereigns are right and Congress only makes laws that are enforcable within the Corporate U.S. 10 square miles (D.C.). Would that not be a real **** when every person outside of those 10 square miles sends them a bill for past overcharges? Not to mention the bills for all of our dead sovereign u.s. ancestors....

Do you really think the U.S. has gold stored in Fort Knox? Ever seen it? Ever drilled deep into one of those painted bars? I bet they are all just plated bars of lead.

We are all broke. The FED just keeps making us broker while they eat lobster and control your (their) corporate affairs.
33 months ago: "Buy allegiance" is a real good phrase, an easy to understand phrase. I like it in the context of re-election expense. Also, it harmonizes with, "buy the King's ear" which was the phrase people were using when America declared itself free in 1776. And harmonizes with "buy the Emperor's pardon", a phrase from the Roman Empire.

As the Cypress Gang points out, government does things we can not really know about. America being with good intentions, with ideas that all men (people) deserve equal law and equal opportunity. Most people support that idea but in the face of this common understanding, American government has grown into a serve-the-wealthy government. Worse, the political party that stands on the platform is elected and re-elected by the citizens whose backs are being broken!
Dwayne Johnson
Dwayne Johnson
33 months ago: If we the people do not hold our law makers accountable then nobody will, right? But how about the flipside where the law makers exercise discipline and restraint because they are not horny drooling teenagers ogling at a MILF with a boob job. Sheesh!
33 months ago: Cross your heart, hope to die Al?
Altruist
Altruist
Eugene, OR
33 months ago: Red if you and all your tea party friends would commit so that all of your efforts would be in support of the 99% instead of the 1% Even I might vote for you.

Instead, every single policy the Tea Party and the Republican party they control, benefits only the 1% and the 99% suffer from their programs.

The only things they advocate are even more tax cuts for the rich and elimination of all of the environmental and oversight regulations that protect the common people and consumers.

Just as Sarah is pointing out the injustice of the lawmakers getting rich because of different rules, the CEO's of corporations are getting rich because of different rules. While workers are getting laid off and loosing benefits and having their salaries slashed, the CEO's are getting 40% pay raises! http://www.commondreams.org/headline/201...

We need to re-build our entire economic system, because the current system is unstable and no longer working. The poor are working 2-3 jobs at minimum wage and still can't afford rent and the richest are getting even richer using other people's money and by hiring others to do their financial investing. People should be paid commensurate to their hard work and the benefit of that work to the community. The hedge fund managers and derivative traders make a thousand times the money but what they do actually harms the nation.

We need to get back to valuing REAL wealth which is produced by materials and labor, and get away from PHANTOM wealth like derivatives. The Fed and the Banks have $600 trillion worth of derivatives but the GDP of the entire world is only $65 trillion. http://www.investorplace.com/2011/10/der...

The American Dream is just about dead. You can no longer pull yourselves up by the boot straps through hard work. You need to know people and have money to start with. Banks should not be allowed to "leverage" their investments at 30-40 to 1. We need to bring back Glass Steigal and make them run by the same rules as the rest of us.
33 months ago: Hey Al.

I've been out trying to survive in Obamaville. It is difficult.

Obama is the 1%, and I ain't running for anything.

No, freedom helps the 99%.

Tax cuts mean more freedom. (and more jobs and fewer people out of work)

Deleting the EPA, FHA, FDA, etc., means more freedom.

CEO's can get rich because they are earning it.

Politicians are abusing the system, and should be tarred and feathered.

If you mean "rebuild" by getting rid of government controls and letting capitalism reign, WE AGREE.

If Obama is reelected, all this arguing is moot. It'll be over. The fat lady will have sung.
Altruist
Altruist
Eugene, OR
33 months ago: Hey Red Tax cuts for the 1% means more taxes for the 99%. When they get all of the money and get to run the government, they have taken all of your freedom away.

Money is power, and now 1/2 the people are below the poverty level while the 1% are richer than ever with the lowest taxes in 50 years. Guess who Congress listens to? http://my.ojornal.com/news/one-two-ameri...

CEO's get rich even if they screw up and ship the factory off to China. Has nothing to do with earning it. CEO's in the US make twice as much as CEO's in other developed nations. How about hiring the CEO from another country and then the company would save an additional $200 million to hire another 400 employees to make the company more competitive? http://www.realitybase.org/journal/2009/...

If any of the Republican jokers are elected they will turn America into a cesspool and millions would die from the pollution as they are in China. We would have
The Cypress Gang
The Cypress Gang
33 months ago: Al. How about government place some regulations on what can be purchased with Food Stamps? You think T-Bones or Strawberries purchased on the tax dime is a necessity? Really? Have you ever seen how high on the hog some of these poverty stricken folk live? How about we cut the waste in that area? Who says they should get free internet/cell phones/electricity/heating fuel/home maintenance/prescriptions/transportation/water & sewage/food?

Is that really enumerated in the Constitution?

Time to "Man Up".
32 months ago: AL. IT AIN'T YOUR DANG MONEY!!!!


FOR CRYING OUT LOUD. GET A LIFE MAN!!!!!

AND QUIT RUINING MY CHILDREN'S COUNTRY.

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