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Author Topic:   Party Time for Fat Cats
Harpyr
Newflake

Posts: 0
From: Alaska
Registered: Jun 2010

posted January 17, 2005 09:39 PM     Click Here to See the Profile for Harpyr     Edit/Delete Message   Reply w/Quote
Published on Monday, January 17, 2005 by CommonDreams.org
Inauguration 2005: It's Party Time for Fat Cats
by Ralph Nader

The controversy over going ahead with the nine Inaugural balls' huge fireworks and party bashes, to which mostly the rich and powerful have been invited, has not been restricted to talk radio shows. Deep in the White House deliberations last year, some of the BBBs (the brainy big backers), who are selected to give policy advice, counseled cancellation of all but the formal inaugural proceedings, as some previous Presidents, such as Franklin Delano Roosevelt, have done.

These BBBs made the argument that in a time of war, with our soldiers dying in Iraq, enormous and growing human casualties from Iraq to South Asia, it would be an expression of respect to cool off the often-garish festivities and use the $40 million or more to help those in need.

There was actually some support in the White House for this view, but "the Texans prevailed," said a participant. However, one Texan who dissented from Dallas way was Mark Cuban, owner of the Mavericks and a strong Bush voter. He thought the Tsunami catastrophe should warrant such a sobering decision.

Some of Bush's defenders on Talk Radio called to say that since the millions of dollars are coming from private sources, what's the big deal? First, it is costing almost that much again in federal and District of Columbia police, helicopters, surveillance staff and other requirements of the Inaugural security state. Second, and more consequential, this private or corporate money is a very costly deal for regular Americans who don't get their calls returned.

It is not that these Americans are asked to contribute. Not while the corporate fat cats are falling all over themselves writing out $100,000 to $250,000 checks to the Bush bash. In return these companies get favors, privileges, tax breaks, subsidies, lax law enforcement for which the people pay dearly in health, safety and economic burdens. But then with Bush it has always been about Big Business.

An example is the atomic power industry that wants Bush to give them huge taxpayer dollars to create the next generation of nuclear plants and freeze out the public even more from challenging their location and emergency standards. So John E. Kane, the industry lobbyist, says that its $100,000 donation is a way of supporting the President.

The Washington Post summarized this cash register politics: "Wall Street investment firms seeking to profit from private Social Security accounts; oil, gas and mining companies pushing the White House to revive a stalled energy-subsidy bill; and hotels and casinos seeking an influx of immigrant labor are among the 44 interests that have each given $250,000 and the 66 that have donated $100,000 to $225,000. And the money keeps pouring in."

Corporations are free to give as much as they want to the Inaugural, unlike elections where they are prohibited from direct contributions (there are many indirect ways, of course). The Bush people placed a top limit of $250,000 to restrain those straining to add more for this lavish potlatch.

No industry has benefited more monetarily from George W. Bush than the drug companies. So they are reciprocating for all those massive taxpayer subsidies, government research, and weaker regulations for which they are so indebted.

Ameriquest, a mortgage company working the high interest fields of minority neighborhoods, got around the $250,000 limit by adding another $500,000 from its two subsidiaries. This company wants weaker federal pre-emption of tougher laws that states have been passing against predatory lending.

There is another contract that is unsavory in this modern version of Marie Antoinette's "let them eat cake" posture. In the next few days, there will be reports leaking about the forthcoming Bush Budget. They will describe how those most in need and all Americans who require good public services and safety will see such programs further reduced. These will include environmental, transportation, health, poverty, housing and other essential services.

Already Bush intends to end a rural housing program and other anti-poverty efforts, while giving more money to the staggeringly wasteful and often misdirected Defense and Homeland Security Budgets.

For all the excess, one might think that regular Americans at least would be able to sit in the bleachers. Sure, just fork over $100 to $150 dollars and prove you're a Bush partisan and you'll be there.

The merchants naturally are taking full advantage of this invasion by the grasping affluent. Hotels are marking up room prices. The good ones go for $2000 a night. For those willing to pay more, the Ritz-Carlton offers a four day $150,000 package starting with private jet transportation from wherever for the couple, caviar and Dom Perignon 24 hours a day and endless other perks.

Want to rent a fur coat? That'll be $15,000 down for a deposit (presumably to be returned) plus the rental. "No problem," said one visitor who did not what his own fur coat to go through the hassle at the airport, reports public radio.

When will the organized people be heard from?

For more information, visit www.citizenworks.org


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Petron
unregistered
posted January 17, 2005 10:12 PM           Edit/Delete Message   Reply w/Quote
yea rush limbaugh kept mockingly asking "why arent we cancelling MLK day?...after all we're in a war....can we afford that?"

but i wonder how many armored humvees that 40 million would buy?(and no jwhop i dont mean the hastily cut sheet steel tacked to the doors "hillbilly armor" kind)

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Rainbow~
unregistered
posted January 19, 2005 06:48 AM           Edit/Delete Message   Reply w/Quote
They have no shame!

But karmically speaking, we all know what happened to the "Let them eat cake," girl, Marie Antionette!!!

They say history repeats itself...

Let's just bide our time.....

Rainbow

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Rainbow~
unregistered
posted January 19, 2005 06:49 AM           Edit/Delete Message   Reply w/Quote
Oops! (repeat)

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Rainbow~
unregistered
posted January 19, 2005 06:51 AM           Edit/Delete Message   Reply w/Quote
They have no shame!

But karmically speaking, we all know what happened to the "Let them eat cake," girl, Marie Antionette!!!

They say history repeats itself...

Let's just bide our time.....

Rainbow

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Rainbow~
unregistered
posted January 19, 2005 06:53 AM           Edit/Delete Message   Reply w/Quote
(why is my last post not showing?)

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BugginOut6106
unregistered
posted January 19, 2005 12:44 PM           Edit/Delete Message   Reply w/Quote
...just another day in the life of dubya...

Who pays for all this hub bub neways?

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Aphrodite
unregistered
posted January 20, 2005 10:17 AM           Edit/Delete Message   Reply w/Quote
These sorts of social gatherings happen all the time. Is this article in contest of public funds being used for such purposes? Or just a rant? I don't get it. I understand left, middle, and right wing politics too intimately to simply say stuff like this has no teeth when it comes to going after the big guns. To them, ie., the people throwing the parties and putting together the meetings, Ralph Nader is diarrhea and has no true understanding of what is really going on. This is just useless dribble that isn't going to go anywhere.

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Rainbow~
unregistered
posted January 20, 2005 11:16 AM           Edit/Delete Message   Reply w/Quote

NERO

ROME

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Aphrodite
unregistered
posted January 20, 2005 12:14 PM           Edit/Delete Message   Reply w/Quote
Yes, Rainbow. My post simply was not very good and quite frankly as poorly rationalized as the article posted. I contest that even if we agree on sentiment - we need to always critically assess the positions of ourselves and know where we stand in the big picture, how others view us, and what really makes effective sense.

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Harpyr
Newflake

Posts: 0
From: Alaska
Registered: Jun 2010

posted January 20, 2005 12:26 PM     Click Here to See the Profile for Harpyr     Edit/Delete Message   Reply w/Quote
Yes, well in my opinion, the people throwing this bash are just social diarrhea who have nothing but dribble coming out of their mouths while they sh!t on the rest of us, all the while just recycling their money amongst themselves and laughing about it..

And I agree that we must always critically assess what we hear.

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Aphrodite
unregistered
posted January 21, 2005 10:06 AM           Edit/Delete Message   Reply w/Quote
I understand your point, Harpyr. Nothing personal, just discussing a topic.

Have a fun weekend.

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Harpyr
Newflake

Posts: 0
From: Alaska
Registered: Jun 2010

posted January 21, 2005 01:04 PM     Click Here to See the Profile for Harpyr     Edit/Delete Message   Reply w/Quote
oh I know, Aph. No offense taken.. Just seemed like we needed more than one reference to diarrhea in this thread.

I hope you have a great weekend too.

---------------
Published on Thursday, January 20, 2005 by the Capital Times / Madison, Wisconsin
Buying a Piece of George Bush
Editorial

AT&T, Bank of America Corp., Boeing, Bristol-Myers Squibb, Burlington Northern & Santa Fe Corp., ChevronTexaco and Exxon Mobil Corp. and FedEx Corp.

Ford Motor Co., Home Depot, Lockheed-Martin Corp., Marriott International, Marriott Vacation Club International, Microsoft and Northrup Grumman.

Occidental Petroleum Co., Oracle, Pfizer Inc., Ritz-Carlton Hotel Co., Time Warner, United Parcel Service, United Technologies and Wachovia Corp.

What do all these major corporations have in common?

Two things:

First, they are some of the firms that are chipping in "contributions" of $100,000 to $250,000 to cover the cost of President Bush's second inaugural party.

Second, they are firms that have a special interest in being on the good side of the Bush administration.

Many are the largest players in heavily regulated industries that are defined by government decisions and, in the case of pharmaceutical companies such as Pfizer and Bristol-Myers Squibb, have benefited tremendously from the laxness of the Bush administration's approach. Others, such as defense contractors Boeing and Lockheed-Martin, would be shadows of themselves without lucrative government contracts. Still others, such as energy firms ChevronTexaco, Exxon Mobil and Occidental Petroleum, are aching to get a piece of the Arctic National Wildlife Refuge.

And they may get it.

After all, with their hefty checks, they have bought a piece of Bush.

While these corporations are prevented under campaign finance laws from contributing to candidates during the election campaign, they are not prevented from giving huge amounts to pay for the inaugural festivities.

Mercer Reynolds, the Bush campaign fund raiser who has been hustling bucks to cover the cost of today's party, says collecting cash for the inaugural is "a separate kind of sale."

Perhaps that is true. But the same product is still for sale: the policies, programs and federal contracts that the Bush administration so obviously peddles in return for campaign and inaugural party bribes, er, contributions.


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pidaua
Knowflake

Posts: 67
From: Back in AZ with Bear the Leo
Registered: Apr 2009

posted January 21, 2005 03:11 PM     Click Here to See the Profile for pidaua     Edit/Delete Message   Reply w/Quote
Hmmm...and have you seen how much the trial lawyers association, the media corporations, the unions..etc.have donated to the Democrat parties (as well as to independent parties).

Maybe you could research how much is spent on the inaugural balls over the past 40 years, along with the amount provided from various corporations and foreign entities and then we can come to a conclusion about who the fat cats really are.

Actually- along with doing that, maybe you could see who actually attended those balls and what companies they represent.

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Harpyr
Newflake

Posts: 0
From: Alaska
Registered: Jun 2010

posted January 21, 2005 11:16 PM     Click Here to See the Profile for Harpyr     Edit/Delete Message   Reply w/Quote
I would never say that the Democrats weren't just a bunch of fat cats themselves...

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pidaua
Knowflake

Posts: 67
From: Back in AZ with Bear the Leo
Registered: Apr 2009

posted January 22, 2005 12:50 AM     Click Here to See the Profile for pidaua     Edit/Delete Message   Reply w/Quote
and...why do they call them FAT CATS?

My weight challenged cat, Phoebe, tells me that it offends her..LOL..to be compared to rich people in Washington. She can't help that she is fat..and she says..that she is just big boned...

LOL...Fat felines of America are rebelling..they want the rich political peeps of this country to be called the "fat dogs" LMAO..

sorry...a little humor to go with my pinched nerve tonight

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Saffron
unregistered
posted January 22, 2005 12:54 AM           Edit/Delete Message   Reply w/Quote

and my ultra-elitist gaggle of over-fed kitties send you their most potent healing light, pidaua, and thank you for allowing phoebe to speak up for her kind.

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Harpyr
Newflake

Posts: 0
From: Alaska
Registered: Jun 2010

posted January 24, 2005 12:44 PM     Click Here to See the Profile for Harpyr     Edit/Delete Message   Reply w/Quote
oh dear.. I meant no offense to dear Pheobe. I've known many wonderful fat cats in my life and now I feel guilty for equating them with such yucky people.

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