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Justice?

Today, Scotts Miracle-Gro was sentenced to pay a $4 million file and perform community service for “illegally applying insecticides to its wild bird food products that are toxic to birds, falsifying pesticide registration documents, distributing pesticides with misleading and unapproved labels, and distributing unregistered pesticides. This is the largest criminal penalty under FIFRA (the law that governs the manufacture and sale of pesticides) to date.”

In a separate civil agreement with the EPA this week, Scotts also agreed to pay more than $6 million in penalties and spend $2 million on environmental projects for other violations.

This blog has been reporting on the problems at Scotts for a while. But I still have one question — how much money did the company make selling the pesticide-laced birdseed even after it knew about the problem? “According to EPA, by the time it voluntarily recalled these products in March 2008, Scotts had sold more than 70 million units of bird food illegally treated with pesticide that is toxic to birds.” Is a $4 million fine merely a slap on the wrist for a company that donated $200,000 to Romney’s SuperPAC?

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Secretary of Explaining Stuff?

While out campaigning this week, Obama made repeated references to the outstanding speech given by Bill Clinton at the Democratic convention. My favorite thing Obama said about Clinton:

Somebody e-mailed me after his speech — they said, you need to appoint him secretary of explaining stuff … That was pretty good. I like that … the secretary of explaining stuff.

Has anyone else wondered if there is any good reason (legal or otherwise) why a former president couldn’t go on to become a vice president? That would be even better than “secretary of explaining stuff”.

There is plenty of precedent for a president changing vice presidents (Franklin Roosevelt switched vice presidents twice!). Don’t get me wrong, I actually like Joe Biden a lot, I’m just wondering.

Alternatively, I often think it would be cool if Hillary Clinton became Obama’s VP. Of course it is too late now, but I still wonder. Would it energize the Democratic base? Would it make the Republicans so rabid they couldn’t see straight?

Of course, there are down sides to having a Clinton on the ticket:


© Nick Anderson

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It Could Have Been Worse!

Larry David argues that even if you aren’t better off than you were four years ago, at least you weren’t hit by an asteroid!

It is interesting to see how people react to this video. Is Stewart trying to be balanced? Is he making fun of people’s attitudes toward Obama? Are people afraid of criticism of Obama, since the alternative would be (much much) worse?

At least we can all agree that McCain and Palin would have almost certainly brought on a zombie apocalypse!

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Late Night Political Humor

“There’s a lot going on tonight. The first NFL game tonight, the Democratic National Convention, a new episode of “Here Comes Honey Boo Boo.” Everything that we are as a nation is all rolled up into one tonight.” – Jimmy Kimmel

“It is day two of the Democratic convention, and apparently they had a huge lighting problem in the convention hall today. They worked all day on it. They still couldn’t get President Obama out of Bill Clinton’s shadow.” – Jay Leno

“Bill Clinton will be at the Democratic convention. Say what you will, but Clinton is still polling very well. I tell you, sometimes these jokes just write themselves.” – David Letterman

“At the Democratic National Convention, two of the speakers were identical twin brothers, Joaquin and Julian Castro. Apparently promising identical twins was the only way to get Bill Clinton to show up. Man, was he disappointed.” – Conan O’Brien

“In his speech last night, San Antonio Mayor Julian Castro said that Mitt Romney has no idea how good he’s had it. I don’t think that’s true. I think Mitt Romney knows how good he’s had it. He just doesn’t want us to know how good he’s had it.” – Jay Leno

“First lady Michelle Obama is receiving praise for the speech she gave last night at the Democratic National Convention. Everyone was impressed. Even Fox News called it ‘not the worst’.” – Jimmy Fallon

“Did you watch the speech by Michelle Obama at the Convention Tuesday night? It was powerful, it was exhilarating, it was thrilling, it was motivating. At the end of the speech I thought, ‘Whoa, she can do much better than him.'” – David Letterman

“Michelle Obama said the first car Barack picked her up in was so old, you could see ground below them. Today, Ann Romney said the same thing about Mitt’s first helicopter.” – Conan O’Brien

“In her speech, First Lady Michelle Obama said her husband has dinner with his girls where they strategize about middle school relationship. Which explains why today the Pentagon ordered a drone strike on that lying bitch Ashley.” – Conan O’Brien

“Today, the Democrats added the word ‘God’ to the official party platform. It’s in the part that reads, ‘Did you see Michelle Obama’s biceps. Oh, my God!'” – Conan O’Brien

“It’s been reported that one of the surprise speakers at the Democratic convention is going to be Scarlett Johansson. For her speech , she’ll be talking to an empty chair and telling it, ‘Hey, my eyes are up here!” – Conan O’Brien

“They announced today that they are moving President Obama’s speech tomorrow night indoors, from the 74,000-seat stadium to a smaller venue due to the possibility of severe weather. See, apparently the campaign is concerned about this well-known weather phenomenon known as empty seats.” – Jay Leno

“Actually, President Obama’s speech at the DNC has been moved inside to the Time Warner Arena. You can tell it’s Time Warner because Obama will give the speech two weeks from Friday, between the hours of 12 and 4.” – Jimmy Fallon

“A fun fact: At this year’s Democratic convention, eight percent of the delegates are gay, a historic record. This will be the first time a presidential candidate will be nominated by a show of jazz hands.” – Conan O’Brien

“The stoner comedy duo Harold and Kumar are starring in a new promo for the Democratic convention alongside President Obama, which is pretty impressive. The only other person to go from smoking pot with buddies to the White House is President Obama.” – Jay Leno

“President Obama’s re-election campaign said that this year they’ll knock on 150 percent more doors than they did in 2008. Well, of course they will. They have to. There’s so many foreclosures it’s tough to tell where people live.” – Jay Leno

“The Republican Convention ended on Thursday. The Democratic Convention began last night. In between was a travel day for hookers.” – David Letterman

“Apparently last week the Republicans had originally planned to have a Ronald Reagan three-dimensional hologram speak at the Republican convention. They decided against it. I guess they were concerned that Reagan would come across as more life-like that Mitt Romney.” – Jay Leno

“Last week at the Republican convention, no one mentioned the Tea Party. And listen to this, if it wasn’t for Ann Romney, no one at the Republican convention would have mentioned Mitt.” – David Letterman

“If Mitt Romney looks familiar it’s because for 18 years on All My Children he played Palmer Courtland.” – David Letterman

“Mitt looks like every model in the Sky Mall catalogue.” – David Letterman

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Will Cutting Corporate Taxes Increase Employment?

The Republicans often claim that we have to cut the corporate tax rate in order to create jobs and get the economy recovering.

Well, let’s test this theory out. Let’s put a conservative party in charge of a country that is similar to the US, and have them cut their corporate tax rate from 21% to 16.5%. If the economy doesn’t get better within a year, we’ll cut the corporate tax rate again to 15%. Their economy should be going gangbusters, right?

I have bad news for you. Canada has done just that — the conservative government cut corporate taxes first in January 2011, and then cut them again in January 2012. It is now two-thirds of a year later, and their economy is still plodding along in an anemic recovery, like ours. In fact, their unemployment rate is going down slower than ours is.

In the last three years, the Canadian economy has failed to produce new jobs faster than the US, even though their corporate taxes are now among the lowest of the G7 countries.

Want another experiment? How about one right here in the US. Let’s take a large corporation and reduce their taxes so much that according to the New York Times, instead of them paying corporate income taxes to the US government, the IRS writes them a check for $3.2 billion. So their taxes are negative. Well, we did that for General Electric, and what happened? They are laying off workers.

Note that GE claims that they did pay US taxes, but they will not release the actual numbers and they have often admitted that they are using very aggressive tax strategies to reduce their corporate tax burden. So it is safe to assume that their federal tax rate is very low, and yet they are still shedding jobs.

How many times will we have to learn that trickle down economics does not work?

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Not Constrained to the Truth


© Ruben Bolling

The truth may set you free, but spreading lies still costs lots of money.

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Late Night Political Humor

“I’m very excited; we have Ron Paul on the show tonight. Unlike the Republicans, we’re actually going to let him speak.” – Jay Leno

“That had to be rough for Ron Paul. You run for president, you win a bunch of delegates, and not only is he not allowed to speak but he couldn’t even sit down because they gave his chair to Clint Eastwood.” – Jay Leno

“Outside it’s like 82 and cloudy – like Clint Eastwood.” – David Letterman

“Chuck Norris said that if President Obama is re-elected it will lead ‘to a thousand years of darkness.’ Then he said if Mitt Romney wins, it will lead to four years of extreme whiteness.” – Conan O’Brien

“The Republicans are really going after Obama. They asked, ‘Are you better off now than you were four years ago?’ Americans said ‘No, we’re worse off because we never heard of Honey Boo Boo.'” – Conan O’Brien

“But Paul [Ryan], my man, be smart about this. You keep stretching the truth about things that anyone can look up on the internet … check yourself before you wreck yourself.” – Stephen Colbert

“Over the weekend, a chef in Minnesota created the world’s largest bacon cheeseburger, weighing in at over 2,000 pounds. And if you want to hear what it tasted like, you’ll just have to wait until I interview Chris Christie.” – Jimmy Fallon

“The Democratic Convention began tonight. What a difference four years makes. Last time the theme was ‘Hope and change.’ This year the theme is ‘Hope you don’t make a change.'” – Jay Leno

“The Democratic National Convention is under way. For three days in Charlotte, N.C., everything the Democrats do is good. And everything Republicans do is evil. It doesn’t bother me. I live in Hollywood. It is like that here every day.” – Craig Ferguson

“Today was the start of the Democratic National Convention in Charlotte, N.C. They’re going all out to make sure it tops last week’s Republican convention. In fact, I heard at this one they’re going to have Clint Eastwood yell at a couch.” – Jimmy Fallon

“I hope they go easy on Clint Eastwood. It wasn’t his best performance last week at the Republican convention, but he’s given us decades of great films. So Democrats, if you’re looking to mock Mitt Romney by dragging an inanimate object out onto the stage, why not just use Mitt Romney?” – Craig Ferguson

“Much like the Republicans, the Democrats are also going to have a mystery speaker. I believe it’s Mitt Romney’s dog.” – Jay Leno

“Former Democratic nominee John Kerry is going to give a speech about foreign policy. It will be like Clint Eastwood’s speech except this time the empty chairs will be in the audience.” – Craig Ferguson

“Former President Bill Clinton will be in Charlotte tomorrow night. And he’ll also be at the convention.” – David Letterman

“The first two nights of the Democratic convention are at the Time Warner Cable Arena and the big speech by President Obama will be at the Bank of America Stadium. That’s good thinking, the two things Americans love most: cable companies and banks.” – Jay Leno

“There are reports that nine of the hotels being used for politicians at the Democratic National Convention have bedbugs. When asked what it’s like to have to deal with thousands of ruthless bloodsuckers, the bedbugs were like, ‘Eh, it’s OK’.” – Jimmy Fallon

“Two California Democratic delegates have already been kicked out of convention for getting completely drunk. One passed out, the other was accused of impersonating a member of Congress. They knew he wasn’t a real member of Congress because he was buying his drinks with his own money.” – Jay Leno

“If you’re a donor to President Obama’s campaign, you were promised exclusive access to Joe Biden – and for an extra $10,000 absolutely no access to Joe Biden.” – Conan O’Brien

“President Obama is spending his free time in the White House making beer, and apparently the beer is so good that the White House is now releasing the recipe. Not to be outdone, Mitt Romney will be releasing his own recipe for root beer.” – David Letterman

“On Saturday the White House released President Obama’s personal recipe for a home-brewed beer. That’s how bad the economy is. Not only is our president drinking, he’s drinking beer he made in his bathtub.” – Jimmy Kimmel

“I wish somebody would release the recipe for fixing the economy. – David Letterman

“Did you have a nice Labor Day? It’s the day we honor the American worker. When I say an American worker, I mean an 8-year-old kid in China.” – David Letterman

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Another Empty Chair


© Lalo Alcaraz

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Late Night Political Humor

“If your party can run the nation for eight years, and then have a national convention and not invite Bush, Cheney, Rumsfeld, Colin Powell, Karl Rove, or Tom DeLay, you’re not a political movement. You’re the witness protection program.” – Bill Maher

“Congratulations to Mitt Romney on his purchase of the Republican presidential nomination.” – Jay Leno

“Paul Ryan made a speech the other night, even a columnist for Fox News said it set a world record for the greatest number of lies in a single speech. To which Mitt Romney said, ‘Game on’.” – Bill Maher

“Fox News’ coverage of the Republican convention got beat in their ratings by ‘Here Comes Honey Boo Boo.’ That’s not a good comment on America. One is a view of the world as seen through the eyes of a redneck child, and the other is ‘Here Comes Honey Boo Boo’.” – Bill Maher

“Clint Eastwood came out at the Republican convention and did ten minutes of wingnut improv. It was kind of a metaphor for the entire Republican party — a confused old person yelling at something that doesn’t’ exist.” – Bill Maher

“This is where Clint Eastwood has done a huge favor to us all. Because the Republican Party’s irrationality, that they’ve worked so hard at the convention trying to conceal, was unleashed in a 12-minute improvised avant-garde performance of One Angry Men. Eastwood finally revealed the cognitive dissonance that is the beating heart and soul and fiction of this party! He’s so far gone, they’re hammering Obama for things Bush did, and Romney is!” – Jon Stewart

“After watching Clint Eastwood last night, be honest, Sarah Palin is not looking too bad now, is she?” – Jay Leno

“Didn’t you love that part where Clint pretended that he was talking to an invisible Obama? And this Obama was not a nice guy. This Obama was telling Romney to go fuck himself. Isn’t that something? Even people who don’t exist hate Mitt Romney.” – Bill Maher

“I could never wrap my head around why the world and the President that Republicans describe, bear so little resemblance to the world and the President that I experience. And now I know why. There is a President Obama that only Republicans can see.” – Jon Stewart

“Mitt had to follow that. He’s a little stiff. He makes Al Gore look like James Brown at the Apollo. And for five minutes the crowd was chanting, ‘Bring back the chair!'” – Bill Maher

“After the whole the Eastwood debacle last night, I’ll bet the Democrats are thankful their party doesn’t’ have any cozy relationship with Hollywood celebrities like the Republicans.” – Jay Leno

“The Republican Convention decided not to show a hologram of Ronald Reagan for fear it would overshadow Mitt Romney. It’s never a good sign when your candidate is in danger of being over shadowed by something that technically doesn’t make a shadow.” – Conan O’Brien

“Last night at the convention, the scheduled appearance of three-dimensional Ronald Reagan hologram was canceled at the last minute. Of course they canceled the 3D hologram. They didn’t want to upstage Mitt Romney. He’s only one dimensional.” – Jay Leno

“Ann Romney was telling details of their personal life. She said that when she and Mitt were young, ‘He was nice to my parents, but really glad when my parents weren’t around.’ And with his Medicare plan, they won’t be.” – Bill Maher

“Ann Romney was appealing to women for the women’s vote, and she said she was living proof that if you work hard and apply yourself, there is nothing you can’t marry.” – Bill Maher

“First the good news: Louisiana, knee-deep in water, but this time, the levees held from the big hurricane. That’s good. However, Tampa, Florida this week nearly drowned in bullshit.” – Bill Maher

“How can we trust Republicans with the future, when, as far as I can tell from Tampa, the world ended the year Reagan left office? Like, in 1988, we just all fell into a deep sleep listening to ‘Pour Some Sugar On Me’, and when we woke up Monday morning, Obama and his negro army had wrecked the joint.” – Bill Maher

“A young couple got engaged on the floor of the Republican Convention. Thankfully for the Republicans it was a man and a woman.” – Jay Leno

“The Democrats are getting ready for their convention in North Carolina. Or as they told Joe Biden, South Carolina.” – Jay Leno

“I always like how the politicians show how that they’re just regular guys. Like Obama says he likes to have a beer with people. And Romney said, when it comes to shopping, he chooses Costco. In fact, last week, he bought three of them.” – Jay Leno

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Wealth doesn’t trickle down – it just floods offshore

According to new research, the world’s super-rich are taking advantage of offshore tax havens to the tune of between $21 to $32 trillion dollars. Yes, trillion. To put that in perspective, that’s more money hidden abroad than in the entire American economy.

This is a double whammy to economic growth and recovery. Not only does this significantly lower tax bases of “source” countries — money that is supposed to pay for education, roads, water supplies, electrical grids, airports, and other infrastructure — but it also moves capital away from its source country into foreign tax havens, including places like the Cayman Islands and Switzerland (where Mitt Romney has stashed money). That capital is then not available in the source country to start or invest in businesses.

A similar problem is happening with corporate taxes. In July, a senior executive of Corning Inc. testified to the House Ways and Means Committee that America’s high corporate tax rate putting Corning at a disadvantage. She testified that Corning had an effective US tax rate of 36% in 2011, compared to an effective tax rate in foreign countries of 17%. Sounds terrible, doesn’t it!

There’s just one problem — it is a big lie. Between 2008 and 2011, Corning didn’t pay any US income taxes at all (even though they earned $3 billion during that time). In fact, they received $4 million dollars from the US government. Their effective US tax rate was actually negative 0.2 percent (compared to an 8.6% effective tax rate in foreign countries).

How did they do this? By offshoring their profits so they don’t have to pay US taxes on them. They supposedly would have to pay US taxes if they brought any of those profits back into the US, except that (as we’ve previously reported) the US already gave the corporations a tax holiday in 2004 that allowed them to repatriate their profits without paying any taxes, and will probably do it again.

That, my friends, is corporate welfare.

Interestingly, Mitt Romney thinks this is a good idea. At a campaign fundraiser a few weeks ago, Romney said:

Big business is doing fine in many places. They get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses.

I guess that we shouldn’t be surprised that Romney thinks avoiding taxes is good. Even if you don’t pay any US taxes at all.

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Late Night Political Humor

“Tonight is the last night, the final night of the Republican convention. Tonight is the swimsuit competition.” – Conan O’Brien

“Have you folks been enjoying the Republican convention? Ann Romney was great. She said it’s all about love. Then Chris Christie followed up by saying, ‘It’s not about love, it’s about respect.’ Will you people get on the same page? Which is it? Is it love or respect?” – David Letterman

“At the convention tonight, the surprise speaker was Clint Eastwood. What’s more surprising than a grumpy old white guy at the Republican convention?” – Craig Ferguson

“Clint Eastwood was the mystery guest tonight at the Republican convention. Finally, a senior citizen who scares Paul Ryan.” – Jay Leno

“Paul Ryan stretching the truth to make his speech more effective is just another form of doping. In that if you believe him, you are a dope.” – Stephen Colbert

“It’s been reported the Republican convention decided not to show a hologram of Ronald Reagan for fear it would overshadow Mitt Romney. It’s never a good sign when your candidate is in danger of being overshadowed by something that technically doesn’t make a shadow.” – Conan O’Brien

“A man in Florida has been arrested for wearing a President Obama mask while robbing a McDonald’s. To show you how good this guy’s disguise was, instead of a holdup note he was reading from a teleprompter.” – Jay Leno

“This Obama robber made some pretty scary threats to the McDonald’s employees. He said, ‘Give me your money, or else my economic plan will have you working here for the rest of your life.'” – Jay Leno

“A former Navy SEAL has a book out that claims Osama bin Laden was unarmed when he was shot. The book is called ‘Who Cares, He’s Dead.'” – Conan O’Brien

“Are you excited about Labor Day weekend? That’s a holiday where Americans take three days off from looking for a job.” – David Letterman

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Success?

Matt Taibbi has a brilliant article in Rolling Stone “Greed and Debt: The True Story of Mitt Romney and Bain Capital” that goes into considerable detail about how Romney’s company, Bain Capital, actually made money. Lots of money.

The Democrats have attacked Romney and Bain Capital, saying that Bain shipped jobs overseas and made huge amounts of money even on companies that they drove into bankruptcy. In return, the Republicans have responded that Obama and the Democrats are jealous of Romney and the success of Bain Capital.

But I think that both of these positions miss the point. It is possible to question one person’s “success” without being jealous of success (or rich people) in general. In fact, it is quite reasonable. The real issue is how someone became rich.

For example, if someone robs banks for a living they may become very rich, but we would not hold them up as a sterling example of success. Of course, robbing banks is illegal. But even if someone doesn’t do anything illegal, their success still might be questionable. I’ve seen people get rich by taking advantage of older people, selling them things they don’t need by taking advantage of their fears. Someone can still be a scam artist, even if they are careful to not do anything technically illegal. We are rightfully upset when bank executives receive huge bonuses paid for by the taxpayers, after we are forced to bail out their companies to keep them from failing and destroying the economy.

And this brings us to Bain Capital. As Taibbi puts it:

And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a “turnaround specialist,” a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don’t know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.

As a side note, this is especially hypocritical because Romney is trying to win the election by claiming that Obama’s administration is running up the national debt. At a campaign speech in Iowa, he said:

A prairie fire of debt is sweeping across Iowa and our nation. Every day we fail to act, that fire gets closer to the homes and children we love.

Talk about preying on people’s fears — the debt is going to burn our children alive!

So what I’m saying is that even if Romney and Bain Capital didn’t do anything illegal (like the bankers who made tons of money as they destroyed our economy), it is still possible for Romney to be a glorified scam artist, or worse a takeover artist whose current goal is to take over America and milk it for all it is worth.

Of course, if Bain did violate the law, that would just make things worse. Wouldn’t it?

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Drowning it in the bathtub?


© Ted Rall

Grover Norquist famously said “I’m not in favor of abolishing the government. I just want to shrink it down to the size where we can drown it in the bathtub.” Will he get his wish?

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The Grass Is Greener?

Taking a break in his campaigning, Mitt Romney was riding in his limousine in the countryside when he saw two men along the road-side eating grass.

He quickly ordered his driver to stop and got out to investigate.

He asked one man, “Why are you eating grass?”

“We don’t have any money for food,” the poor man replied. We have to eat grass.”

“Well, then, you can come with me to my house and I’ll feed you,” Mitt said.

“But sir, I have a wife and two children with me. They are over there, under that tree.”

“Bring them along,” Mittens said.

Turning to the other poor man he stated, “You may come with us, also.”

The second man, in a pitiful voice, then said, “But sir, I also have a wife and SIX children with me!”

“Bring them all as well,” the candidate answered. “I will ensure you are all well fed. You will be an example of how I will help the poor in America!”

They all entered the car, which was no easy task, even for a car as large as the limousine was. For a few moments, it even appeared they would need to put some of the children in the kennel strapped to the car roof. But with some effort, every got in.

Once under way, one of the poor fellows turned to Mr. Romney and said, “Sir, you are too kind. Thank you for taking all of us with you.”

Mitt replied, “Glad to do it. You’ll really love my place. The grass is almost a foot high.”

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Specifically


© Jim Morin

Well that, and that they think they can buy an election.


© Scott Stantis

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