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The finance industry has effectively captured the U.S. government-a state of affairs that more typically describes emerging markets...Recovery will fail unless we break the financial oligarchy that's blocking essential reform.

As of mid-August 2009, there were six (6) lobbyists per single (1) member of House and Senate (Bloomberg News). That's 6:1, folks. Just for healthcare reform. For financial industry reform, there are 2,400 lobbyists in play. The Chamber of Commerce spent $26.2 million--in the first 2 quarters (6 months) of 2009. Clearly, private industries and their foot soldiers on K Street/Capitol Hill influence/dictate American policymaking. No matter who's 'voted in,' it's the influence machine that rules Washington. Worse, there's a good chance that the Supreme Court will grant corporations (as 'fictive persons') to spend unlimited dollars in funding electoral campaigns. Is there hope that this country will be a democracy one day? Or is it doomed to become increasingly, irrevocably plutocratic?

Pollin, Robert | Baker, Dean Public Investment, Industrial Policy and U.S. Economic Renewal Publication Date: 12/17/2009

"Ash, Michael | Boyce, James | Chang, Grace | Scoggins, Justin | Pastor, Manuel Justice in the Air: Tracking Toxic Pollution from America's Industries and Companies to Our States, Cities, and Neighborhoods Publication Date: 5/5/2009"

Healthcare Industry Gets Great Value from its Contributions to Blue Dogs (Centrist Democratic Senators)

Eisenhower was talked out of saying "military industrial congressional complex," but the meaning nonetheless came through. David Swanson is the author of "War Is A Lie" and "Daybreak: Undoing the Imperial Presidency and Forming a More Perfect Union." He blogs at davidswanson.org and warisacrime.org and works for the online activist organization rootsaction.org

money finance economics finances justice economic fraud corruption financial industry banking system ponzi

Lies and deceit cause the death of democratic politics, critical thought and civic agency. Contempt for 'truth' is evident in the wild West of FOX News. It's evident in Bush's 'Clear Skies Initiative,' enabling greater industrial air pollution. Language is neutered. Meanings are indeterminate. As Orwell said, "war is peace, freedom is slavery, and ignorance is strength."

Films are national / international. Film topics include: 9/11 investigative efforts, Iraq and Afghanistan wars, peak oil and oil wars, corporatism, financial industry fraud, civil rights violations, Bush-Obama torture and detention policies, animal protection, Assassination Documentaries Financial Reform Documentaries Election Fraud Documentaries Environmental Documentaries Female Focused Documentaries George Bush Documentaries Globalization Documentaries Health Documentaries Human Rights Documentaries Media Documentaries Politician Documentaries Religious Documentaries Slavery Documentaries Societal Documentaries War Documentaries

Conservatives have dubbed the spill "Obama's Katrina." But the roots of the disaster, which could potentially have been prevented by enhanced safety measures, stretch back to the George W. Bush years. During that era, Interior became a revolving door haven for industry lobbyists. MMS developed a hands-off approach to regulation and was known for its deference to the companies it was supposed to be policing.

The Dow Jones Industrial Average fell almost 1000 points in ten minutes today, wiping out $1 trillion in equity values as algorithmic trading by high-speed computers spun out of control.

Isn't it fiinally time to enact a "basic income guarantee"? The lack of individual and family income security in the midst of a highly-developed economy is a travesty under any circumstances. But the contradiction of "poverty in the midst of plenty" that has plagued the world since the start of the Industrial Revolution is becoming much more grave in the U.S. and abroad. The problem, of course, is one of distribution of earnings, and excess production capacity relative to available income... Winston Churchill gave eloquent testimony to this conundrum of the modern age when delivering the Romanes Lecture at Oxford University on June 19, 1930. This was a few months after the crash of the U.S. stock market marked the start of the Great Depression. Churchill said: "Who would have thought that it would be easier to produce by toil and skill all the most necessary or desirable commodities than it is to find consumers for them? Who would have thought that cheap and abundant supplies of all the basic commodities would find the science and civilization of the world unable to utilize them? Have all our triumphs of research and organization bequeathed us only a new punishment: the Curse of Plenty? Are we really to believe that no better adjustment can be made between supply and demand? Yet the fact remains that every attempt has failed. Many various attempts have been made, from the extremes of Communism in Russia to the extremes of Capitalism in the United States. They include every form of fiscal policy and currency policy. But all have failed, and we have advanced little further in this quest than in barbaric times. Surely it is this mysterious crack and fissure at the basis of all our arrangements and apparatus upon which the keenest minds throughout the world should be concentrated.

Meet the bankers and brokers responsible for the financial crisis - and the officials who let them get away with it. Matt Taibbi