The Horse Race That Is Now Massachusetts
Posted: February 14, 2012 Filed under: 2012 elections, Elizabeth Warren Campaign, polling, Scott Brown, Senate, U.S. Politics 13 CommentsRecent polling puts the Elizabeth Warren vs. Scott Brown race at 46-43%, a reminder to voters that it’s a long way to election day.
Warren, the political newcomer, has come out of the box fast and furious, being able to introduce herself and general ideas to Massachusetts’ voters. Name recognition is critical for election success. In that regard, Scott Brown has the advantage, having held the late Ted Kennedy’s seat since 2010. But that also means, Brown will need to defend his record.
The breakdown in the new WBUR [NPR news affiliate, Boston] poll shows Warren leading 28 points with 18-29 year olds and 23 points with over 60 year olds. Brown holds the middle with a 24-point advantage with 30-44 year olds and a 2-point lead in the 45 to 59 year old slot. Warren’s favorability/unfavorability rating was at 39/29 trailing Brown’s numbers at 50/ 29. The poll was conducted by Steve Koczela, head of the polling group at the independent think tank, MassINC.
An interesting detail emerging from the poll was the importance of middle-class identification for November 2012. I would suggest that this is a direct result of the Occupy Wall Street Movement that has effectively raised public consciousness regarding the plight of working class Americans. At the moment, Koczela found that Scott Brown had a slight lead in voter perception—the man and his truck meme. However, the Boston Globe ran an article on Warren’s hard-scrabble background, which could go a long way in changing hearts and minds.
In adulthood, both candidates have done well for themselves. Brown owns a home and several rental properties in Wrentham valued at $1-2.3 million. He received a $700,000 payout for his autobiography. Warren’s Cambridge home is valued between $1-5 million and reportedly made more than $500,000 in 2010.
Obviously, neither candidate is struggling financially, so the test could very well come down to ‘the narrative’—who will convince the electorate that they understand and can identify with the reality of economic hardship and lack of job opportunities for our dwindling middle class. The Globe article on Warren “The Girl Who Soared but Longed to Belong” is an extraordinary step in that direction.
Brown has made several missteps recently. Though his push for the insider-trading bill is a plus, he came out through a spokesman in support of Republican Roy Blunt’s bill on a conscience exemption. The amendment was in response to the contraception fury last week and would effectively allow employers or insurers to deny health coverage that they find ‘morally objectionable.’ This is clearly outside the electorate’s position on the topic. According to the latest Fox News poll, 67% of women agree to contraception coverage and 58+% of independents agree with the President’s decision.
Brown’s response through John Donnelly was as follows:
Senator Brown appreciates President Obama’s willingness to revisit this issue, but believes it needs to be clarified through legislation. The senator signed onto bipartisan legislation that writes a conscience exemption into law, which is an important step toward ensuring that religious liberties are always protected.
This is hardly a strong position since [as has been discussed here and across the media expanse] this is not and never has been about religious liberty. The Republicans would love to frame the issue that way but it’s a losing strategy as found in the Fox survey.
Though sampling in the WBUR poll was small [503] it provides an intriguing snapshot of voter sentiment. It should be noted that the poll was taken between February 6-9 before Brown’s statement on his contraception position and support of the Blunt proposal.
Make no mistake, the election is not going to be a slam-dunk for Elizabeth Warren. What she has shown, however, is that her initial momentum has been sustained. And her ability to raise money is impressive with reportedly $5.7 million raised in the last quarter as opposed to $3.2 million raised by the Brown campaign. This still puts her behind gross fund raising for the 2012 contest with a total of $8.8 million to Brown’s $12.8 million in his war chest.
Still, no one should underestimate Warren’s appeal. As the Globe article makes clear, Elizabeth Warren is intimately familiar with setbacks, a woman who grew up amidst sprawling wheat fields and prairie, who lived a childhood she’s described as ‘teetering on the ragged edge of the middle class.” Money anxieties, the problems that income shortages create for families, have been the focus of Warren’s professional life—in her books, in her Harvard career in bankruptcy law and certainly in her dogged persistence in midwifing the Consumer Financial Protection Bureau in DC. Against fierce opposition.
If middle class identification is the thrust of the 2012 senatorial election then Elizabeth Warren is very well situated. That and her ability to distill issues and policy into understandable language is a true gift, something she shares with the likes of Bill Clinton.
This will be a race to watch right up to the finish line. And I love a good horse race!
The Cantor Cartwheel On Insider Trading
Posted: February 11, 2012 Filed under: Congress, corporate money, corruption, Democratic Politics, ethics, legislation, Politics as Usual, Republican politics, Senate, Stock Market, U.S. Politics, We are so F'd 22 CommentsWhile our eyes and fury were directed on the birth-control-is-evil crowd and the ludicrous threats of the National Razor coming to a town near
you, the insider trading bill wended its merry way through Congress. Only a provision in the Senate version of STOCK [Stop Trading on Congressional Knowledge Act] was stripped from the House version. The bill will return to the Senate, and then most likely go into conference committee to iron out differences.
The deletion of the provision is curious since it would have required Washington insiders, those who sell political intelligence to corporate America [financial institutions], to register in advance like any lobbyist, thereby making their identities and purpose transparent.
One senator reacted to the provision’s removal this way:
It’s astonishing and extremely disappointing that the House would fulfill Wall Street’s wishes by killing this provision. The Senate clearly voted to try to shed light on an industry that’s behind the scenes. If the Senate language is too broad, as opponents say, why not propose a solution instead of scrapping the provision altogether? I hope to see a vehicle for meaningful transparency through a House-Senate conference or other means. If Congress delays action, the political intelligence industry will stay in the shadows, just the way Wall Street likes it.
That would be a Democrat complaining, right?
Wrong.
That would be Republican Senator Chuck Grassley from Iowa protesting House member Eric Cantor for removing the provision [Grassley’s add on], ultimately making the bill substantially weaker than it could have been.
And ‘political intelligence industry?’ Sounds like something straight out of an Ian Fleming novel. Turns out this shadowy practice is a $100 million industry, employing 2000 people who sneak around Congress to pick up investment tips for Wall Street.
You cannot make this stuff up!
In any case, it was Eric Cantor who tabled the original effort to suspend insider trading back in December. Also removed was a bipartisan amendment by Senators Patrick Leahy [D VT] and John Cornyn [R TX] made to crack down on officials ‘self-dealing,’ that is, enriching themselves through their positions.
The question is: why the not-so-clever foot dragging on this bill, something that makes perfect sense to the American public? Why ditch Grassley’s provision or the Leahy/Cronyn amendment, which would have added additional teeth?
As in, make it better.
According to initial comments, Cantor claimed the language too broad and the additional provisions ‘needed more study.’ Seems to me the study-until-we-drop reason was cited back in December.
But Cantor did add a touch of his own that would restrict legislators from participating or benefiting from IPOs. This addition quickly became tagged the ‘Pelosi provision,’ inspired by the suggestion that Pelosi’s husband had taken advantage of insider information when he bought into a VISA public offering, making a tidy profit [230% increase, by some accounts]. Pelosi has denied this accusation, insisting that her husband’s buys were directed by a traditional Wells Fargo broker.
Wish my broker was that good!
Cheap political tricks and posturing happen all too frequently but why would Cantor be so adamant in weakening a bill the public and a surprising number of Congressional members favor?
Republic Report suggests we look at Cantor’s history, specifically the issue of mortgage cram down in 2009.
Eric Cantor led the Republican refusal to consider the mortgage cramdown proposals in 2009, a measure that would have permitted homeowners to negotiate lower interest rates and avoid foreclosure. However, what was not common knowledge [see Open Secrets. org] was that Cantor’s personal wealth was heavily involved in the mortgage industry itself. From RR:
Cantor invested in several mortgage banks, and owned a portion of a Cantor-family run mortgage company. According to Cantor’s 2009 personal disclosure, Cantor owned up to a $500,000 share of a mortgage company called TrustMor run by his brother.
While Cantor blocked a fix to the foreclosure crisis, his wife Diane Cantor served as the managing director of a bank with a high foreclosure rate. Diane Cantor at the time worked as a managing director to New York Private Bank & Trust, a major mortgage bank and TARP recipient. SNL Financial reported that Cantor’s bank was among the top three banks in the mortgage business “with thegreatest percentage of family loans in the foreclosure process.
There was also the dustup during the debt ceiling debate last year when a revealed fund Cantor was invested in, stood to make a sizeable profit if the US actually defaulted on its debt. If the country tanked, Cantor stood to win.
Such loyalty!
Personally, I liked Cantor’s chest thumping after wicked storms savaged the South and East Coast last spring [my house and property suffered nearly $20,000 in damages with 1600+lbs of debris dragged from the front and back yard]. For his Tea Party audience, Cantor tried bucking disaster relief until expenses [like unemployment checks and food stamps] were cut elsewhere. But then amazingly, Cantor made a sharp pivot and complained FEMA was far too slow in addressing damage relief in his own Virginia district.
Consistency is a beautiful thing!
So, we have the Pelosi Provision and the Cantor Cartwheel, anything to stall a DC scrub down, the disinfectant treatment that the American public demands [at the very minimum] from their representatives–abiding by the laws, standards and a sense of ‘doing the right thing.’ You know, those principles that presumably apply to everyone.
BTW, the Sunlight Foundation has provided the House/Cantor Version of the STOCK bill with edits [strikeouts] included. Most instructive!
Don’t you love the Internet??? Bet Cartwheel Cantor doesn’t.
And though I would have nominated Eric Cantor for Sellout of the Week, Republic Report has chosen President Obama, primarily based on his recent decision to embrace Super PAC money [though I suspect we could all come up with other examples]. However, the President opened himself up to this chastising because he warned about unlimited campaign spending in 2008:
Let me be clear — this isn’t just about ending the failed policies of the Bush years; it’s about ending the failed system in Washington that produces those policies. For far too long, through both Democratic and Republican administrations, Washington has allowed Wall Street to use lobbyists and campaign contributions to rig the system and get its way, no matter what it costs ordinary Americans.
That was then, this is now.
Did you know that one of the collective nouns used to describe a group of weasels is . . . SNEAK. How perfect is that?
Eyes on 2012 And Political Acts
Posted: January 4, 2012 Filed under: Congress, House of Representatives, Senate, U.S. Politics | Tags: 2012 elections, frustrated Democrats, political action 7 Comments
After last night’s Ugly Contest in Iowa and all the post-op analysis today, one might easily believe that the 2012 election season is simply a Republican Mummer’s strut [costuming optional] to 1600 Pennsylvania Avenue. Au Contraire! But for Democrats Wandering the Wilderness like myself, the on-going contest is an exercise in few choices to no choice at all. At least at the presidential level. There are, however, alternate choices out there. Rocky Anderson, a former Democrat and mayor of Salt Lake City, is running under the Justice Party. And Buddy Roemer, a Republican [though you’d be hard pressed to find him on the official roster of candidates] is also running.
Both these men offer fresh voices and counter the establishment view, whether you be liberal or conservative. They could, in fact, change the monotonous conversation of the legacy parties.
But unlike Michelle Bachmann, I’m not waiting for miracles.
Which is why I’d suggest we turn our attention to the 2012 House and Senate candidates, individuals who deserve a look, who have a track record to examine and who ultimately, if elected could work to change the frustrating, even dangerous defense of the status quo.
Earlier, I’ve written [and will no doubt continue to write] about the Massachusetts Senate race between Elizabeth Warren and Scott Brown. This is a contest that should be interesting to watch and has to date given Warren a 14 pt. jump in the polls, a result that produced Brown’s public whine–the press is giving Warren the ‘kid glove’ treatment. Poor baby! Tea Party love appears to be on the wane.
But as the GOP primary has clearly shown, polls are fickle. A favored candidate can go from flavor of the week to yesterday’s news in an eye blink. Which is why–once we find a candidate we respect, someone we believe will serve the public’s needs over the plutocracy—keeping abreast of these candidates and offering support, in any way we can, is important. Some voters may be able to throw a few dollars to a candidate. Others may write and hope their words are read. We can inform [or at least try to inform] our family and friends. Still others may lend campaign support—make calls, knock on doors, distribute campaign material–in their respective states and districts.
Political action comes in many forms. For the polar bears with hearts aflame the choice might be throwing on sweaters and warm socks and joining the up-coming Occupy Congress action in DC on January 17.
Whatever we do, regardless of how small, can make a difference because small things add up. Think of the Wisconsin pushback, the fight for worker’s rights, the amazing recall effort now underway against Scott Walker. Or the pushback against legislation [HR 326 Stop Online Piracy] that could easily curtail the Internet as we know it, giving business and government the ability to automatically shutdown websites without appeal or due process [although under the guise of copyright infringement]. This legislation was halted. Or the fight to remove the immunity sought by TBTFs and supported by the Administration from proper investigation and possible prosecution. Or even the most recent decision handed down by the Montana Supreme Court, rejecting the Citizen United debacle. This is an ongoing fight. But with public support and public servants willing to pickup the ball and run the distance, we have the opportunity to change the game on the ground.
So, to start the New Year off, here are some names to consider or reconsider:
Two women I suggested earlier are Tammy Baldwin [D. WI] and Winona Baldenegro [D. AZ].
Tammy Baldwin, presently a member of the House, is running for the US Senate. She has a strong record in women’s issues and has recently backed a resolution to remove any and all immunity from the banks and mortgage
institutions involved the 2007-2008 meltdown. Frankly, the public deserves its Pecora moment if we’re ever to reclaim faith in our financial system. Baldwin’s official site is here.
Winona Benally Baldenegro is a new but promising face running for the first Congressional district in Arizona. Her voice is fresh and decidedly progressive. I’d suggest checking in with updated materials here.
She has an impressive list of credentials and an interesting story. Someone to watch.
Alan Grayson will never be confused with a diplomat but has on a myriad of occasions spoken truth to power. Grayson lost his House seat in the 2010 Tea Party blowout but will be running again for Florida’s 8th District in 2012. Without overstating the evident, the GOP hates Grayson for his less than polite critiques of Republican policy stands. For example, his infamous statement–“If you get sick, America, the Republican health care plan is this: Die quickly.”
No, the man will not receive the Nobel Peace Prize. But he will fight for the public’s interest, and he has not given President Obama’s failures a free ride either. From my point of view, that makes him a worthy candidate. You can find background info, videos, policy statements here.
But you can easily Google Grayson and find a wealth of detail on what the man stood for his first time out and what we can expect in the future. He’s no shrinking violet.
An interesting if not problematic development of redistricting, is in Ohio’s primary where Democratic candidates Dennis Kucinich and Marcy Kaptur will face off to represent the state’s 9th District. In my mind, this is a crazy wealth of riches and sadly, one of these long-time Congressional Reps will end up defeated, stepping out of the public arena in which both have served with distinction. Only last week, Kucinich made a short but pointed statement about the NDAA and America’s war without end.
On the other hand Marcy Kaptur introduced legislation to reinstate the Glass-Steagall Act and was the first voice I recall standing on the House floor, defending the rights of and railing against the abuses inflicted on foreclosed homeowners. I’d be hard pressed if I were a resident of Ohio.
The good news? Both candidates are solid and worthy.
Mazie Hirono [D HI] represents the Hawaii’s 2nd district but is now running for her state’s open US Senate seat due to Daniel Akaka’s scheduled retirement. Her primary challenger will be Ed Case, a former Democratic Congressman who would run to Congresswoman Hirono’s political right . Hirono has a strong record in supporting legislation to advance and protect women’s rights, has been a vocal advocate for
funding pre-K education, opposed the Iraq War as well as the Defense of Marriage Act and Don’t Ask Don’t Tell. She would come to the Senate as an experienced legislator, not only with her current House position but as a state representative for 14 years and service as Hawaii’s Lieutenant Governor from 1994-2002. Early December polls indicated Hirono with an 18 pt lead for the primary run off.
Additional information on Hirono’s background can be found here.
As we move through the primary and GE season, I’ll be updating these candidates and mentioning others. If we want to make a difference, produce real change–tangible, visible change people are so hungry for–then staying plugged into the cast of candidates, their message, credentials and track record is important.As is working at our local levels.
I listened to a several-hour interview with Chris Hedges this past weekend on Book TV. One call-in viewer, a disabled grandmother, asked Hedges what she could do to change the political and social landscape with her physical and financial limitations. Hedges answer was simple but eloquent. He reminded the woman that we each give and do what we can. We all have limitations, he reminded her, but that reaching out to a neighbor, a friend, even a stranger in need and/or crisis in these trouble times is, in fact, a political act.
I approve of that message. Keep your eyes on 2012; we’re living in extraordinary times.
From Marxist to Corporatist, Elizabeth Warren Drives the GOP to Insanity
Posted: December 8, 2011 Filed under: Economy, Elections, Elizabeth Warren Campaign, Senate | Tags: 2012 elections, Elizabeth Warren, Financial Crisis, U.S. Economy 13 CommentsAnyone who has been following the Elizabeth Warren story, her bid for the Senate seat in Massachusetts, which would put pinup Scott Brown into early retirement, knows the attacks from the Right have become increasingly frantic. Particularly since Warren’s numbers continue to rise and contributions pile up in surprising amounts.
What’s the Republican machine and Wall Street to do?
They’ve tried the expected smears. Warren has been painted as a woman prone to violence. She was the Woman Who Would Throw Rocks.
Okay, that was pretty silly.
Let’s try: Warren is a socialist/Marxist. Really? Yet her message that no one becomes a success all on their own resonates with a lot of voters. Why? Because many people actually believe in the public/social contract that provides roads, education, police and fire protection etc. , the very things we all rely on, rich or poor.
Back to the drawing boards.
OMG. Elizabeth Warren has voiced support for the Occupy Wall St. Movement. She said she’d actually been championing OWS principles for years and that she was the ‘intellectual foundation’ of the Movement. Now, we’re cooking. The Republicans have declared the Occupiers hippies, losers, people who want something for nothing and . . . anti-capitalists. Bring in the cameras of police beating on those vile, violent, dirty protesters and . . .
Oops. Problem is many Americans agree with OWS positions, believe that Wall St was given a pass, while Main St was left to wither. In addition, many voters are beginning to realize that unemployment, the housing debacle, the unsustainable debt can be directly linked to financial fraud and malfeasance, and that many politicians in DC are on the lobbyist take. That’s known as the Washington ‘you scratch my back and I’ll scratch yours’ two-step.
What to do, what to do?
The woman is obviously a problem. So . . .let’s make her part of the problem and the Big Lie. Let’s roll out the word TARP. She was involved in that, yes?
Well, actually no. Elizabeth Warren headed the oversight panel, investigating and tracking how those TARP funds had been spent. TARP itself came right out of the George Bush White House.
But she spoke to those evil bankers, the very ones who stole the country’s wealth?
Well, yes she did. While creating and then assembling the Consumer Protection Bureau, an organization to prevent consumers from being suckered into confusing, complicated financial instruments, as in home loans and credit cards that only give the bad news in the tiniest of print or in a foreign financial legalese.
Why quibble about the details. Guilty as charged!
And so, we have the new bewildering ad from GPS Crossroads [Karl Rove’s love child], which declares Elizabeth Warren . . .
A champion of Wall St!
We’re beginning to see GOP flop sweat in action: when you have no good ideas, go with the truly stupid.
This is going to be a most interesting year!













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