Corporate Media's Campaign Coverage ATM

From an interview of Bob Mcchesney, Prof. of Communications at U. of Illinois, at the Real News Network, by Paul Jay:

JAY: So your piece to a large extent is about political advertising, partly as it has been affected by the Supreme Court's Citizens United decision, which allows practically unlimited corporate spending on television advertising, and . . . . you got this crazy system whereby the entities that benefit most from this money in politics are the . . . mass major news organizations that get all this and billions of dollars of paid advertising, and then they report in what their – supposed to be their journalism on – mostly on poll results, poll results affected by TV buys which they're benefiting from. . . .

MCCHESNEY: . . . . You know, most democracies in the world have nothing like the United States in terms of this huge amount of money that gets spent by television ads, most of which are attacking the other candidates, not promoting your own candidate. And the reason for that is that it's driven in the United States by commercial broadcasters, the commercial television stations. And really we're talking about less than a dozen companies that own the vast majority of the stations that participate in selling TV ads. They are making a killing from this cash-drenched system. Literally between 18 and 25 percent of all the revenues of a commercial TV station this year will come from selling TV political candidate ads. And, you know, this is a profit center for them that's beyond belief. . . .

So you have – the commercial broadcasters are to campaign finance reform what the National Rifle Association is to bans on assault weapons. They are the number-one lobby to promote massive amounts of money in politics, because our electoral system in America has basically converted into a system where billionaires and corporations give tons of money to politicians, who then give most of that to commercial media to buy inane ads. And that's really what we have for our system. And the beneficiaries immediately of this are the commercial broadcasters [crosstalk]

* * * * *
It is – you know, and I think the point that's got to be understood by your viewers is that the companies that get these monopoly broadcast licenses – you have television stations or radio stations, cable systems – they get these monopoly privileges at no charge from the government in exchange for doing something in the public interest. In every major definition that's ever been given of what the public interest requirements ought to be of commercial broadcasters, number one on the list is always that they should do outstanding campaign coverage above and beyond what they would do if they were just out to make money, that basically that's where they put all their emphasis, to draw people into public life as voters, as citizens, to understand the candidates and the issues. And what we've seen is just the opposite. In the last 20 years, as the percentage of revenues going to commercial broadcast stations has gone from around 2 percent 20 years ago on average to 20 percent on average today, if not more. We've seen the amount of journalism covering campaigns on commercial television plummet. Lots of races get no coverage anymore. It's not any better, really, in newspapers. And what coverage that does remain is appalling. . . . It's like going over polls. It's sort of like reviewing whether an advertising attack ad is successful at manipulating people, not, you know, discussing how inane it is in the first place.

(Emphasis supplied.) More at the link above. (Infographic from the U. of Minnesota via The Angry Bureaucrat; click on the image for a larger version.)

That's a lot of cash going into a "hopelessly unproductive works."

Jeff Gibbons at OFG

. . . for those who don't live in Dallas; for those who do, call Oliver Francis Gallery at 817-879-8231 for an appointment.



(For more re- a previous work by Gibbons, see here.)

A Few Recent Headlines

Been out of town; so, in cased you missed these (more re- each item at the headline link) . . .

1. Don't Forget to Sign Up for the "Do Not Kill" List

A number of sources (including the Wall Street Journal) report that someone has used the White House's "We the People" website to start a petition asking it to create a "Do Not Kill" list similar to the "Do Not Call" list that has been reasonably successful against telemarketers. This follows the New York Times report that every week or so, a bunch of National Security People get together to flip through some PowerPoint slides and "recommend to the President who should be the next to die." The President, who you may recall won the Nobel Peace Prize in 2009, then personally approves names on the "kill list" for execution targeted killing by drone.

Sign the "Do Not Kill" Petition here. (For more on the "Kill List," see here and links therein.)

2. Occupy Buffalo Helps Convince City to Divest from JPMorgan Chase

City Comptroller Mark J.F. Schroeder has agreed to transfer $45 million . . . from a JPMorgan Chase account to local bank First Niagara Financial Group after Occupy Buffalo raised concerns about leaving the money at JPMorgan, the Buffalo News reports. The move comes with a number of benefits, including a higher interest rate and more local branches that make it easier for employees to cash paychecks . . . .

“It also sends a crystal-clear message to JPMorgan Chase that the City of Buffalo is not happy with their business practices," Schroeder told Buffalo News.

3. Collateral Damage in the War on Protesters: Neighbors of the NATO3 Cuffed, Held at Gunpoint

The . . . officer came up to me and told me he had a hard time believing I wasn’t associated with the people downstairs. His quote exactly was that I had ‘hateful revolutionary things’ in my house. He asked me why I had so many red-colored things (Olli got similar accusations because he was wearing his red work uniform). They were commenting about the red color – I have red curtains and my brother’s an artist, so all his paintings are hanging up, and they found that very suspicious and were trying to say it was part of some kind of conspiracy.

* * * * *
“They acted like asking for a warrant and a lawyer was unreasonable . . . ” Ben said, “but they didn’t seem to realize that they had kidnapped us in our own home. We were handcuffed on the ground in our own living room."

4. The US Government Is Running a Massive Spy Campaign on Occupy Wall Street

The US Dept. of Homeland Security finally released some docs in response to repeated Freedom of Information Act requests by the Partnership for Civil Justice Fund. Although the docs are partially blacked out,

[Per the PCJF's Director, "t]hese documents show not only intense government monitoring and coordination in response to the Occupy Movement, but reveal a glimpse into the interior of a vast, tentacled, national intelligence and domestic spying network that the U.S. government operates against its own people."

* * * * *
In particular, the role of the “Fusion Centers,” a series of 72 federally-funded information hubs run by the NOC, raises questions about the government’s expansive definition of “Homeland Security.”

Created in the wake of 9/11, the Fusion Centers were founded to expedite the sharing of information among state and local law enforcement and the federal government, to monitor localized terrorist threats, and to sidestep the regulations and legislation preventing the CIA and the military from carrying out domestic surveillance (namely, the CIA ban on domestic spying and the Posse Comitatus Act).

5. Speaking of JPMorgan Chase . . . the bank's risk committee lacks any members who've actually worked at a bank or as risk managers; one of them was on AIG’s governance committee in 2008.

6. Congressmen Seek to Lift Propaganda Ban

An amendment that would legalize the use of propaganda on American audiences is being inserted into the latest defense authorization bill, BuzzFeed has learned.

The amendment would “strike the current ban on domestic dissemination” of propaganda material produced by the State Department and the independent Broadcasting Board of Governors . . . . The tweak to the bill would essentially neutralize two previous acts—the Smith-Mundt Act of 1948 and Foreign Relations Authorization Act in 1987—that had been passed to protect U.S. audiences from our own government’s misinformation campaigns.

The bi-partisan amendment is sponsored by Rep. Mac Thornberry from Texas and Rep. Adam Smith from Washington State.

7. US E-Voting System Cracked in Less than 48 Hours

Researchers at the University of Michigan have reported that . . . . "Within 48 hours of the system going live, we had gained near complete control of the election server", the researchers wrote in a paper that has now been released. "We successfully changed every vote and revealed almost every secret ballot." The hack was only discovered after about two business days – and most likely only because the intruders left a visible trail on purpose.

(Yes, electronic voting and/or tabulation is still a very, very bad idea.)

News You Can Use

Per the WSJ's Market Watch,

After adjusting for inflation, spending under Obama is falling at a 1.4% annual pace — the first decline in real spending since the early 1970s, when Richard Nixon was retreating from the quagmire in Vietnam.

In per capita terms, real spending will drop by nearly 5% from $11,450 per person in 2009 to $10,900 in 2013 (measured in 2009 dollars).

By the way, real government spending rose 12.3% a year in Hoover’s four years. Now there was a guy who knew how to attack a depression by spending government money!

UPDATE: Great article in the NYT by Bruce Bartlett, who held senior policy roles in the Reagan and George H.W. Bush administrations:

Putting all the numbers in the C.B.O. report together, we see that continuation of tax and budget policies and economic conditions in place at the end of the Clinton administration would have led to a cumulative budget surplus of $5.6 trillion through 2011 – enough to pay off the $5.6 trillion national debt at the end of 2000.

Much more at the link.

Stealth Projection

Created by Frédéric Eyl. In the US, you'd probably be hauled off as a terrorist; but I'd love to see more done with this.

How JPMorgan Chase Has Proved We Need to Break Up Big Banks & Bring Back Glass-Steagall

From Robert Reich at Nation of Change:

The bets were “poorly executed” and “poorly monitored,” said [Jamie] Dimon [current CEO of JPMorgan Chase and former Dir. of the Board of the Federal Reserve], a result of “many errors, “sloppiness,” and “bad judgment.” But not to worry. “We will admit it, we will fix it and move on.” Move on? Word on the Street is that J.P. Morgan’s exposure is so large that it can’t dump these bad bets without affecting the market and losing even more money. And given its mammoth size and interlinked connections with every other financial institution, anything that shakes J.P. Morgan is likely to rock the rest of the Street.

Ever since the start of the banking crisis in 2008, Dimon has been arguing that more government regulation of Wall Street is unnecessary. Last year he vehemently and loudly opposed the so-called Volcker rule, itself a watered-down version of the old Glass-Steagall Act that used to separate commercial from investment banking before it was repealed in 1999, saying it would unnecessarily impinge on derivative trading (the lucrative practice of making bets on bets) and hedging (using some bets to offset the risks of other bets).

Dimon argued that the financial system could be trusted; that the near-meltdown of 2008 was a perfect storm that would never happen again. Since then, J.P. Morgan’s lobbyists and lawyers have done everything in their power to eviscerate the Volcker rule — creating exceptions, exemptions, and loopholes that effectively allow any big bank to go on doing most of the derivative trading it was doing before the near-meltdown. And now — only a few years after the banking crisis that forced American taxpayers to bail out the Street, caused home values to plunge by more than 30 percent and pushed millions of homeowners underwater, threatened or diminished the savings of millions more, and sent the entire American economy hurtling into the worst downturn since the Great Depression — J.P. Morgan Chase recapitulates the whole debacle with the same kind of errors, sloppiness, bad judgment, excessively risky trades poorly-executed and poorly-monitored, that caused the crisis in the first place.

In light of all this, Jamie Dimon’s promise that J.P. Morgan will “fix it and move on” is not reassuring. The losses here had been mounting for at least six weeks, according to Morgan. Where was the new transparency that’s supposed to allow regulators to catch these things before they get out of hand? . . . . Let’s hope Morgan’s losses don’t turn into another crisis of confidence and they don’t spread to the rest of the financial sector. But let’s also stop hoping Wall Street will mend itself. What just happened at J.P. Morgan – along with its leader’s cavalier dismissal followed by lame reassurance – reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed’s recent recommendation that Wall Street’s giant banks be broken up should be heeded.

More at the link.

The Yes Lab Strikes Again, in Dallas

Re- the Trans-Pacific Partnership "trade" agreement:



From the Yes Lab's press release:

DALLAS PARTY ENDS BADLY FOR U.S. TRADE REPS AND FEDERAL AGENTS
Dozens of rogue "delegates" disrupt Trans-Pacific Partnership gala with "award," "mic check," mass toilet paper replacement

* * * * *
Two dozen rogue "delegates" disrupted the corporate-sponsored welcome gala for the high-stakes Trans-Pacific Partnership (TPP) trade negotiations yesterday with a fake award ceremony and "mic check." Other activists, meanwhile, replaced hundreds of rolls of toilet paper (TP) throughout the conference venue with more informative versions, and projected a message on the venue's facade.

The first action began when a smartly-dressed man approached the podium immediately after the gala's keynote speech by Ron Kirk, U.S. Trade Representative and former mayor of Dallas. The man (local puppeteer David Goodwin) introduced himself as "Git Haversall," president of the "Texas Corporate Power Partnership," and announced he was giving Kirk and other U.S. trade negotiators the "2012 Corporate Power Tool Award," which "Haversall's" partner held aloft.

The crowd of negotiators and corporate representatives applauded, and "Haversall" continued: "I'd like to personally thank the negotiators for their relentless efforts. The TPP agreement is shaping up to be a fantastic way for us to maximize profits, regardless of what the public of this nation—or any other nation—thinks is right."

At that point, the host of the reception took the microphone back and announced that the evening's formal programming had concluded. But Mr. Haversall confidently re-took the microphone and warmly invited Kirk to accept the award.

Kirk moved towards the stage, but federal agents blocked his path to protect him from further embarrassment. At that point, a dozen well-dressed "delegates" (local activists, some from Occupy Dallas) broke into ecstatic dance and chanted "TPP! TPP! TPP!" for several minutes until Dallas police arrived.

Fifteen minutes later, another dozen interlopers from Occupy Dallas interrupted the reception with a spirited "mic-check." Outside, activists projected a message on the hotel, and throughout the night, delegates discovered that hundreds of rolls of custom toilet paper had been installed in the conference venue.

The activists disrupted the gala to protest the hijacking of trade negotiations by an extreme pro-corporate agenda. "The public and the media are locked out of these meetings," said Kristi Lara from Occupy Dallas, one of the infiltrators. "We can't let U.S. trade officials get away with secretly limiting Internet freedoms, restricting financial regulation, extending medicine patents, and giving corporations other a whole host of other powers allowing them to quash the rights of people and democracies, for example by offshoring jobs in ever new ways. Trade officials know the public won't stand for this, which is why they try to keep their work secret—and that's why we had to crash their party."

There is mounting criticism of the U.S. role in pushing the negotiations forward in secrecy, despite the public's overwhelming disagreement with TPP goals. ("Buy American" procurement preferences are supported by over 85% of Americans, but U.S. trade negotiators are preparing to accept a ban on such preferences. Two weeks ago, 69 members of Congress sent a letter to President Obama asking him not to accept that ban.)

Many are calling the Obama administration duplicitous: while the administration publicly hypes a plan to revitalize American manufacturing and create jobs in the U.S., U.S. trade officials push for new "investor rights" that would make it easier for American companies to lay off domestic workers and open plants overseas.

"The TPP has been branded as a trade 'negotiation' by its corporate proponents, but in reality it's a place for big business to get its way behind closed doors," said Pete Rokicki of Occupy Dallas. "This anti-democratic maneuver can be stopped if the public gets active—just look at the movement that killed the ill-advised SOPA (Stop Online Piracy Act) law a few months ago. That's why Obama's trade officials lock the public, the press and even members of Congress from the trade negotiation process."

"We're really happy to know that even in their most private moments, US trade reps are reminded that a vast majority of the public stands opposed to corporate-friendly, closed-door trade deals like the TPP," said Sean Dagohoy from the Yes Lab, who assisted in the actions.

Here's a summary of the provisions of the TPP; more at Public Citizen Global Trade Watch.

UPDATE: F.w.i.w., some people are starting to notice that maybe there's a problem with allowing 600 megacorps to write our treaties while everyone else including Congress is kept in the dark.

"Ain't That Peculiar" Oddisee Remix