Monday, September 06, 2004

Catching up on Greg Palast

Normally, Palast's e-mail articles are sporadic, but while I was gone this past week, three came in. I'll excerpt some bits for you, but for the full accounts and more of his investigative reporting, visit Greg Palast's website.

STILL UNREPORTED: THE PAY-OFF IN BUSH AIR GUARD FIX
Saturday, August 28, 2004

...This week, former Lt. Governor Ben Barnes of Texas 'fessed up to pulling the strings to keep Little George out of the jungle. "I got a young man named George W. Bush into the Texas Air Guard - and I'm ashamed."

THE PAY-OFF

That's far from the end of the story. In 1994, George W. Bush was elected governor of Texas by a whisker. By that time, Barnes had left office to become a big time corporate lobbyist. To an influence peddler like Barnes, having damning information on a sitting governor is worth its weight in gold – or, more precisely, there’s a value in keeping the info secret.

Barnes appears to have made lucrative use of his knowledge of our President's slithering out of the draft as a lever to protect a multi-billion dollar contract for a client.

Just after Bush's election, Barnes' client GTech Corp., due to allegations of corruption, was about to lose its license to print money: its contract to run the Texas state lottery. Barnes, says the Justice Department document, made a call to the newly elected governor's office and saved GTech's state contract.

The letter said, "Governor Bush ... made a deal with Ben Barnes not to rebid [the GTech lottery contract] because Barnes could confirm that Bush had lied during the '94 campaign."

In that close race, Bush denied the fix was in to keep him out of 'Nam, and the US media stopped asking questions. What did the victorious Governor Bush's office do for Barnes? According to the tipster, "Barnes agreed never to confirm the story [of the draft dodging] and the governor talked to the chair of the lottery two days later and she then agreed to support letting GTech keep the contract without a bid."

And so it came to pass that the governor's commission reversed itself and gave GTech the billion dollar deal without a bid.

The happy client paid Barnes, the keeper of Governor Bush's secret, a fee of over $23 million. Barnes, not surprisingly, denies that Bush took care of his client in return for Barnes' silence. However, confronted with the evidence, the former Lt. Governor now admits to helping the young George stay out of Vietnam.

...By the way: I first reported this story in 1999, including the evidence of payback, in The Observer of London. US media closed its eyes. Then I put the story on British television last year in the one-hour report, "Bush Family Fortunes." American networks turned down BBC's offer to run it in the USA. "Wonderful film," one executive told me, "but Time Warner is not going to let us put this on the air." However, US networks will take cash for advertisements calling Kerry a Vietnam coward.


THE GRINCH THAT STOLE LABOR DAY FROM VETERANS
I know you won't believe this, but our President told a whopper in New York
by Greg Palast
An update of our report from last Labor Day.

Monday, September 6, 2004

...President Bush announced in his convention acceptance speech in New York this week that he was changing overtime rules to give workers "comp time" off, instead of pay. He forgot to mention that a couple of days before, on August 23, his Labor Department had already put in half the plan -- eliminating overtime pay for millions -- while failing to put into the regs one word about comp time. In the pre-September 11 days, we used to call what the President said, "lying."

Nevertheless, workers getting their pay snipped shouldn't complain, because they will all be receiving promotions. These employees will be re-classified as managers exempt from the law. The change is promoted by the National Council of Chain Restaurants. You've met these 'managers' - they're the ones in the beanies and aprons whose management decisions are, "Hold the lettuce on that."

...My favorite of Chao's little amendments would re-classify as "exempt professionals" anyone who learned their skill in the military. In other words, thousands of veterans will now lose overtime pay. I just can't understand why Bush didn't announce that one when he landed on the aircraft carrier.

...I can hear the moaners and bleeding hearts saying this sounds like the Labor Department is telling Big Business how to evade the law. Yep, that's what the Department is doing. Right there on page 15,576 of the Federal Register it says,

"Affected employers would have four choices concerning potential payroll costs: ... (#4) converting salaried employees' basis of pay to an hourly rate that result in virtually no changes to the total compensation paid those workers."

And in case some employer is dense as a president and doesn't get the hint, Comrade Chao repeats, "The fourth choice above results in virtually no (or only a minimal) increase in labor costs."

...And there is good news for our sporting President. Word from the White House is he'll be golfing on the Labor Day weekend. Under Chao's rules he need not worry if he wants to replay that hole. "Exempt professionals" who cannot earn overtime - once defined as doctors, lawyers and those with specialized college degrees - will now include anyone who provides skilled advice ... like caddies ("You might try the other end of the club, Mr. President").


President Declares "Ownership Society"
Tells Convention He's Ordered Invasion of Social Security Trust Fund
by Greg Palast

September 2, 2004

...Social Security is an insurance plan. You pay in, you get back. But it's hard to get your money back when there's a war where the Clinton surplus used to be. It's not the war on terror, or the war in Iraq, though Lord knows those have cost us a bundle with nothing to show for all the lost loot. I'm talking about the class war that Dubya and his Dick Cheney have waged on the average working person.

We're talking an economic Pearl Harbor here. While firemen and policemen went running into falling buildings, the Bushmen were preparing to relieve some gazillionaires, such as say, the Bush family, of the need to pay the taxes that the rest of us pay. Work as a teacher, you pay Social Security and income taxes on every darn penny. Sit on your yacht and speculate in the stock market casino and you are off the hook on taxes on the "capital gains."

Bill Clinton proposed putting his big surpluses into a Social Security "lock-box" for that predictable rainy day. But tonight, Bush instead proposes to give the stock-options class a boost by lopping off a chunk of Social Security insurance revenue for gambling in the stock market.

...Here's the latest report from the front lines of the class war: The World Bank reports the USA has more millionaires than ever -- we'll see them at the Garden tonight. Median household income's down -- most of us are median -- while the bottom has fallen out for those at the bottom. Our poorest 20% have seen incomes drop by a fifth. America's upper one percent now own 53% of all the shares in the market.

And now the uppers want to crack open your retirement piggy bank, cut some of your retirement benefits, then "allow" you to give them the remainder of your money to fund their latest stock float schemes.

If betting trillions on stock market ponies doesn't produce a big win, what does Mr. Bush propose to do with all the hungry old folk? I think I heard George say, "Let them eat Enron certificates."

...And the future market fall, Mr. President, is a slam-dunk certainty. Let's do the math. OK, class, we all buy stock this afternoon to fund our retirement. In fifteen years, baby-boomers are ready to kick back, take it easy and retire on the stock they're about to sell. Did I say, "SELL"? And HOW. Around 2020, tens of millions of "owners" will be selling their shares … to whom? CRRRRASH!

A deliberate policy of aiming for another 1929 is appropriate for the top-hat and pinky-ring party of Herbert Hoover.

The big problem is that supposedly non-partisan and even Democratic poobahs are rushing to "reform" Social Security. We have Alan Greenspan, who has barely a word to say about the multi-trillion dollar deficit wrought by Mr. Bush's tax cuts, yet is already warning about some disaster in Social Security based on "trends." Well, if we go by his own trend, the Fed chief will soon be marrying a 12-year-old Girl Scout.

Hey, Alan, back to Economics 101 for you. As the boomers hit retirement age, we're going to need added borrowing for transfer payments like Social Security to maintain purchasing power to keep the economy alive while millions of old folk dump assets.

Listen, Mr. President, we had an "ownership" society once before. Luckily, it came to an end when Abraham Lincoln issued the Emancipation Proclamation.

Maybe Mr. Greenspan is counting on offsetting that problem with boomers reaching retirement age by upping it to age 67. And maybe Mr. Greenspan is getting senile.

....but hey, do what you want....you will anyway.

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