Tag Archives: 2016 elections

The Koch Brothers Just Launched a Lobbying Campaign to Eliminate an Obscure Government Agency. Here’s Why.

Mother Jones

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Koch Industries has officially entered the contentious fight over the fate of the Export-Import Bank, the independent government agency that guarantees loans and provides financing to companies doing business overseas and foreign businesses buying American products—and that has recently become a target for conservatives and libertarians who decry big-government crony capitalism.

On Tuesday, the industrial conglomerate run by billionaire brothers Charles and David Koch sent a letter to Congress urging lawmakers to oppose the reauthorization of this obscure, 80-year-old institution, which otherwise will expire at the end of June. Signed by Philip Ellender, the president of Koch’s government affairs arm, the letter signals the start of a Koch lobbying effort aimed at shuttering the New Deal-era agency. The Ex-Im Bank has been living on borrowed time since September, when Congress temporarily extended its charter. But now Koch Industries wants Congress to eradicate the agency for good.

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The Koch Brothers Just Launched a Lobbying Campaign to Eliminate an Obscure Government Agency. Here’s Why.

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“It’s Easier to Get Laid at CPAC Than on Spring Break”

Mother Jones

While the annual Conservative Political Action Conference attracts right-wingers all stripes, there was one thing virtually all attendees could agree on: this year’s conference was young. Especially young. College and high school-aged conservatives packed the halls of CPAC, decked out in all manner of paraphernalia: retro Reagan-Bush ’84 campaign shirts, American flag shorts, buttons that declared “I Love Capitalism” and “Kill the Death Tax.” I spotted at least one “Barry Goldwater for President” button on a millennial’s lapel.

What were these fired-up young conservatives—many of whom traveled long distances to attend—here to see? Which would-be GOP candidate did they intend to support? Their responses were diverse, but if the Millennial Primary were held today, it would be a dead heat between Gov. Scott Walker (R-Wisc.) and Sen. Rand Paul (R-Ky.), with Ben Carson running close behind.

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“It’s Easier to Get Laid at CPAC Than on Spring Break”

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New Retirement Regs Might Pose a Campaign Problem for Republicans

Mother Jones

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Congress is now controlled by Republicans, and it’s unlikely they’re going to pass any of the items on President Obama’s agenda. But what about executive actions? Are there any more of those left in Obama’s toolkit?

Jared Bernstein says yes. Forty years ago, when rules were set regarding retirement programs, most retirement funds were managed by corporations or unions, and it was assumed that the fund managers were financially sophisticated. This meant the rules could be fairly light. But that’s obviously changed: most pensions these days are IRA and 401(k) accounts that are managed by individuals who often have a hard time telling good advice from bad:

The result was a lot of people without a lot of investment acumen trying to wade through thickets of annuities, bonds, securities, and index funds, often guided by advisors and brokers who they assumed were wholly on their side.

Many were — but research shows that many were, and are — not always acting in their clients’ best interest, generating unnecessary fees and charges that erode retirement savings. The newly proposed rule, which does not require Congressional approval, meaning it could actually come to fruition, realigns incentives in the interest of individual investors by requiring retirement financial advisers to follow an established standard (a “fudiciary standard”) to act in their clients’ interest.

….The new fiduciary standard should block what honest brokers call “over-managing:” unnecessary rollovers, churning (over-active buying and selling that generates brokers’ fees at the expense of returns), and the pushing of expensive and risky products like variable annuities.

All of which turns out to be extremely costly to retirees….Conflicted advice reduces returns by about 1 percent per year, such that a poorly advised saver might end up with a 5 percent vs. a 6 percent return. They multiply that 1 percent by the $1.7 trillion of IRA assets “invested in products that generally provide payments that generate conflicts of interest” and conclude that the “the aggregate annual cost of conflicted advice is about $17 billion each year.”

According to Bernstein, a White House study suggests that this difference between 5 and 6 percent returns can amount to five years of retirement savings under plausible assumptions. That’s a lot.

Needless to say, the financial industry is strongly opposed to this rule change, and I think we can safely assume that this means Fox News will be raising the alarums too. Their argument, apparently, is that if they’re prohibited from giving small clients bad advice, it just won’t be worth it to bother with small clients at all. Maybe so. But as Bernstein says, if that’s really the case then “maybe there’s a hitch in your business model.”

This has the potential to be an interesting campaign issue. Most Democrats, even those with close ties to the financial industry (*cough* Hillary *cough*) should have no trouble supporting this rule change. That’s a slam dunk winner with retirees and most of the middle class. Republicans will have a harder time. After all, this represents regulation, and Republicans oppose regulation. They especially oppose financial regulation, as they’ve proven by their relentless efforts to roll back even the modest Dodd-Frank regulation adopted after the financial crash.

So what will they do? Stick to their principles and oppose the new regs? That will sure provide Democrats with an easy sound bite. Jeb Bush opposes a rule that prevents brokers from deliberately giving you bad retirement advice. I don’t think I’d like to be the candidate who has to answer for that.

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New Retirement Regs Might Pose a Campaign Problem for Republicans

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Scott Walker Is Still Clearly a Work in Progress

Mother Jones

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I see that Martha Raddatz’s interview with presidential wannabe Scott Walker is making the rounds today. And deservedly so! After listening to Walker blather a bit about America’s need for “big, bold ideas,” Raddatz asks him, “What is your big, bold, fresh idea in Syria?” Walker hems and haws a bit about being tough and aggressive, and then we get this:

RADDATZ: You don’t think 2,000 air strikes is taking it to ISIS in Syria and Iraq?

WALKER: I think we need to have an aggressive strategy anywhere around the world. I think it’s a mistake to —

(CROSSTALK)

RADDATZ: But what does that mean? I don’t know what aggressive strategy means. If we’re bombing and we’ve done 2,000 air strikes, what does an aggressive strategy mean in foreign policy?

WALKER: I think anywhere and everywhere, we have to be — go beyond just aggressive air strikes. We have to look at other surgical methods. And ultimately, we have to be prepared to put boots on the ground if that’s what it takes, because I think, you know —

RADDATZ: Boots on the ground in Syria? U.S. boots on the ground in Syria?

WALKER: I don’t think that is an immediate plan, but I think anywhere in the world —

RADDATZ: But you would not rule that out.

WALKER: I wouldn’t rule anything out. I think when you have the lives of Americans at stake and our freedom loving allies anywhere in the world, we have to be prepared to do things that don’t allow those measures, those attacks, those abuses to come to our shores.

So there you have it. Walker is so unprepared to talk about foreign policy that he gets quickly trapped into suggesting that we put more American troops into Iraq and Syria to fight ISIS. Did he really mean to do that? Or was he just feeling the pressure of a live interview and felt like he had to say something? Hard to say. A more experienced candidate would have tap danced a lot more effectively, probably with some prattle about arming our allies or something—though Raddatz undoubtedly would have pounced on that too.

Michael Tomasky remains pretty unimpressed with Walker, especially after finally listening to his big speech in Iowa from last weekend:

If this was the standout speech, I sure made the right decision in not subjecting myself to the rest of them. It was little more than a series of red-meat appetizers and entrees: Wisconsin defunded Planned Parenthood, said no to Obamacare, passed some kind of law against “frivolous” lawsuits, and moved to crack down on voter “fraud””—all of that besides, of course, his big move, busting the public-employee unions. There wasn’t a single concrete idea about addressing any of the major problems the country faces.

Well, that will come—though it’s unlikely that Walker’s ideas will be any different from the usual Republican boilerplate of the past decade or so. Lower taxes and less corporate regulation will supercharge the economy! Hooray!

Walker still has a ways to go before he’s ready for prime time. But I’ll bet he gets there. He’ll learn from his mistakes, and he’s just about the only Republican candidate who has potential appeal to both tea partiers and mainstream voters. Six months from now minor early stumbles like this will be ancient history, and he’ll have his campaign schtick much more finely honed. He remains a serious contender.

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Scott Walker Is Still Clearly a Work in Progress

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Mitt Romney Won’t Run for President in 2016

Mother Jones

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It’s official: Mitt Romney will not seek the presidency for a third time. After some news outlets reported he would announce a run on a call with donors this morning, a statement leaked in which Romney said, “I’ve decided it is best to give other leaders in the Party the opportunity to become our next nominee.” Here’s a look back at what Mitt 3.0 could have been, as well as some highlights from 2012.

He was going to run as a liberal.

He had plans to be a born-again climate hawk.

He was going to face some resistance from the Kochs.

He had a new private equity conflict-of-interest problem.

We were deprived the chance to revisit the controversy over Romney’s lengthy history of outsourcing.

Also, this little problem:

Thanks for the memories, Mitt:

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Mitt Romney Won’t Run for President in 2016

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Future President Ben Carson Wrote 6 Books. We Read Them So You Don’t Have To.

Mother Jones

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Former neurosurgeon Ben Carson rallied Republicans at the Iowa Freedom Summit on Saturday, stirring up speculation once more that the conservative activist will seek his party’s presidential nomination next year. Carson has never run for office and only recently registered as a Republican, but as the author of six books over more than two decades, he does have a considerable paper trail—and it’s starting to get him into trouble.

In his 1992 book Think Big, for instance, Carson proposed a national catastrophic health care plan modeled on federal disaster insurance, which would be funded by a 10-percent tax on insurance companies. He also proposed re-thinking best practices concerning end-of-life care, advocating for a “national discussion that would help us all rethink our culture’s mind-set about death, dying, and terminal illness”—similar to the provisions of the Affordable Care Act that conservatives now dismiss as “death panels.” (A Carson spokesman told BuzzFeed last week that the health care proposal is “as relevant to his view today as our current military action in Afghanistan is compared to our military strategy in Afghanistan two decades ago.”)

Although filled with inspiring stories of medical miracles and his own rough-and-tumble roots, Carson’s books also reflect the views of a social-values warrior whose anti-gay comments recently caused him to withdraw as a commencement speaker at Johns Hopkins University, his longtime employer. A sampling:

On intelligent design (from Take the Risk):

From what I know (and all we don’t know) about biology, I find it as hard to accept the claims of evolution as it is to think that a hurricane blowing through a junkyard could somehow assemble a fully equipped and flight-ready 747. You could blow a billion hurricanes through a trillion junkyards over infinite periods of time, and I don’t think you’d get one aerodynamic wing, let alone an entire jumbo jet complete with complex connections for a jet-propulsion system, a radar system, a fuel-injection system, an exhaust system, a ventilation system, control systems, electronic systems, plus backup systems for all of those, and so much more. There’s simply not enough time in eternity for that to happen. Which is why not one of us has ever doubted that a 747, by its very existence, gives convincing evidence of someone’s intelligent design.

On the failing of the fossil record (from Take the Risk):

For me, the plausibility of evolution is further strained by Darwin’s assertion that within fifty to one hundred years of his time, scientists would become geologically sophisticated enough to find the fossil remains of the entire evolutionary tree in an unequivocal step-by-step progression of life from amoeba to man—including all of the intermediate species.

Of course that was 150 years ago, and there is still no such evidence. It’s just not there. But when you bring that up to the proponents of Darwinism, the best explanation they can come up with is “Well…uh…it’s lost!” Here again I find it requires too much faith for me to believe that explanation given all the fossils we have found without any fossilized evidence of the direct, step-by-step evolutionary progression from simple to complex organisms or from one species to another species. Shrugging and saying, “Well, it was mysteriously lost, and we’ll probably never find it,” doesn’t seem like a particularly satisfying, objective, or scientific response. But what’s even harder for me to swallow is how so many people who can’t explain it are still willing to claim that evolution is not theory but fact, at the same time insisting anyone who wants to consider or discuss creationism as a possibility cannot be a real scientist.

On abortion (from America the Beautiful):

This situation perhaps crystallizes one of the major moral dilemmas we face in American society today: Does a woman have the right to terminate another human life because it is encased in her body? Does ownership convey absolute power of life and death over the owned subject? If it does, then NFL quarterback Michael Vick was unfairly imprisoned for torturing and killing dogs in Atlanta.

On gay parents (from The Big Picture):

Recently a homosexual couple brought a child in to be examined on one of our neurosurgical clinical days. During lunch, after the couple had left, one of my fellow staff members commented favorably on the couple’s obvious love and commitment to the child. He said to me, “I know you don’t approve of homosexual relationships and wouldn’t consider their home a healthy atmosphere in which to raise a child. But I was impressed by that couple. I think their sexual orientation is their business. Think what you want, but it’s just your opinion.”

My response wasn’t nearly that politically correct. “Excuse me, but I beg to differ,” I said. “How I feel and what I think isn’t just my opinion. God in his Word says very clearly that he considers homosexual acts to be an ‘abomination.'”

On how gay marriage brought down the Roman Empire (from America the Beautiful):

I believe God loves homosexuals as much as he loves everyone, but if we can redefine marriage as between two men or two women or any other way based on social pressures as opposed to between a man and a woman, we will continue to redefine it in any way that we wish, which is a slippery slope with a disastrous ending, as witnessed in the dramatic fall of the Roman Empire.

On WashingtonRedacted owner Dan Snyder (from One Nation):

On the other hand, many of the greatest achievers in our society never finished college. That includes Bill Gates Jr., Steve Jobs, and Dan Snyder, who is the owner of the Washington NFL franchise.

(Carson elsewhere defended Snyder’s refusal to change his team’s name and called the oft-criticized owner “far from the demonic characterization seen in the gullible press that allows itself to be manipulated by those wishing to bring about fundamental change in America.”)

On Independence Day (from Think Big):

I do not get to see many movies, but when I watched the video of Independence Day with my sons, I was struck by the portrayal of the resistance efforts mounted against the alien invaders from outer space. The frail and arbitrary distinctions so often made between various segments of society, even between different countries and ideologies, instantly melted away as the people of the entire world focused not on their differences but upon a common threat and the common goal uniting them—the protection of the planet from alien invaders.

Unlike some of his fellow candidates, though, Carson has made little effort to sugar-coat his most polarizing views. Even before he revealed any political ambitions, he’d moonlighted as a traveling Creationism advocate, giving speeches on the subject and even debating skeptic Richard Dawkins on evolution in 2006:

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Future President Ben Carson Wrote 6 Books. We Read Them So You Don’t Have To.

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The Koch Brothers’ Network Aims to Spend $889 Million on the 2016 Elections

Mother Jones

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$889 million.

That’s how much Charles and David Koch’s political network hopes to spend on the presidential race, House and Senate contests, and other elections and policy fights in 2016. That figure is not far off from how much President Barack Obama’s and Mitt Romney’s presidential efforts each spent in 2012. It is well over what John Kerry and George W. Bush together spent during the 2004 campaign. This fundraising target was announced Monday morning at the Koch brothers’ winter retreat for members of their elite donor network.

And there’s a good chance that much of the money the Kochs and their allies plan to unleash will be spent in the dark—that is, with little disclosure of the true source of those millions. (Key parts of the Koch network are nonprofit advocacy groups that engage in political work without revealing their donors.)

If the Koch network—which included 450 or so attendees at this weekend’s donor confab—meets it $889-million goal for 2016, it would more than double its outlay from the last presidential election season. During the 2012 campaign, the Kochs’ collection of nonprofit groups spent over $400 million, with a sizable chunk of that aimed at defeating President Obama.

The Kochs and their donor-allies are now essentially their own political party. As the New York Times‘ Nick Confessore points out, the Koch network’s $889 million exceeds the spending power of the Republican Party:

Here’s some context from the Washington Post about how that money—it’s unclear how much of it will come from the Koch family itself—could be spent:

The $889 million goal reflects the budget goals of all the allied groups that the network funds. Those resources will go into field operations, new technology and policy work, among other projects.

The group—which is supported by hundreds of wealthy donors on the right, along with the Kochs—is still debating whether it will spend some of that money in the GOP primaries. Such a move could have a major impact in winnowing the field of contenders but could also undercut the network’s standing if it engaged in intraparty politics and was not successful.

Marc Short, the president of Freedom Partners, which hosts the Kochs’ donor enclaves, told the Post that “2014 was nice, but there’s a long way to go.” He said that putting free-market ideals at the center of American life is the goal of the Kochs and their allies, adding, “Politics is a necessary means to that end, but not the only one.”

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The Koch Brothers’ Network Aims to Spend $889 Million on the 2016 Elections

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Ted Cruz Says the GOP Lost in 2012 Because of Two Words: "47 Percent"

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On Sunday night, Senator Ted Cruz (R-Texas) appeared with Rand Paul and Marco Rubio, his Senate colleagues and fellow presidential hopefuls, at the Koch brothers’ winter donor retreat, and he offered a two-word post-mortem for the GOP’s drubbing in the 2012 elections: 47 percent.

Cruz was referring, of course, to Mitt Romney’s infamous remarks, secretly caught on tape during a private campaign fundraiser, in which he dismissed 47 percent of Americans (“who will vote for this president no matter what”) as freeloaders “who are dependent on government” and who refuse to take responsibility for their lives.

According to Cruz, who was one of four presidential aspirants to appear before some 300 well-heeled donors at this weekend’s Koch retreat (Wisconsin Gov. Scott Walker was the fourth, though he did not join Sunday’s panel), the GOP’s 47-percent problem is bigger than Romney’s comments. It’s a party-wide problem. But Cruz noted that he had a fix in time for the 2016 election.

Here’s what Cruz told panel moderator Jonathan Karl of ABC News:

Of course we have a problem with income inequality. And I have to say I chuckle every time I hear Barack Obama or Hillary Clinton talk about income inequality. Because it’s increased dramatically under their policies.

Now, if you look at the last election, I think in 2012 the reason Republicans lost can be summed up in two words: 47 percent. And I don’t just mean Mitt Romney’s comment that was caught on tape—that the 47 percent of Americans who are not currently paying taxes, who are in some ways dependent on government, we don’t have to worry about them. I don’t just mean that comment. I think Mitt is a good and decent and honorable man; I think he ran a very hard campaign.

But the central narrative of the last election, what the voters heard, was we don’t have to worry about the 47 percent. And I think Republicans are and should be the party of the 47 percent.

That is, the GOP should be the party of the bottom half.

Cruz did not go into great detail about how the Republicans could assist and appeal to the 47 percent. But he did accuse Obama administration officials of using their clout to get “fat and happy,” slamming Washington as rife with crony capitalism and claiming its denizens are fixated on self-enrichment at the expense of everyone else. “I think we need to move back to a dynamic where you have Schumpeter’s creative destruction, where you have small businesses that are creating opportunities,” he said. Cruz’s reference to Joseph Schumpeter, the Austrian economist beloved by libertarians and conservatives, was sure to delight at least one audience member: Charles Koch, a longtime fan of Schumpeter’s. Cruz added, “We should be fighting for the little guy who has dreams and hopes and desires.”

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Ted Cruz Says the GOP Lost in 2012 Because of Two Words: "47 Percent"

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Attention GOP Presidential Candidates: Winter Does Not Disprove Global Warming

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Snow is falling across the Northeast, and millions of people are preparing for a massive blizzard. Due to the extreme winter conditions, my colleague at Climate Desk has issued the following advisory:

It may seem obvious to you that the existence of extreme winter weather doesn’t negate the scientific fact that humans are warming the planet. But that’s probably because you aren’t a climate change denier who’s contemplating a run for the GOP presidential nomination.

Last year, for example, Sen. Ted Cruz (Texas) weighed in on the issue. “It is really freezing in DC,” Cruz said during a speech on energy policy, according to TPM. “I have to admit I was surprised. Al Gore told us this wouldn’t happen!” Cruz said the same thing a month earlier, according to Slate: “It’s cold!…Al Gore told me this wouldn’t happen.”

And here’s former Arkansas Gov. Mike Huckabee on his Fox News show, after a major blizzard back in December 2009:

Which brings us to a couple of Republicans who are probably not going to run for president but who have nevertheless generated headlines recently by suggesting they might. Here’s Donald Trump, during a cold snap last year:

And here’s a 2012 Facebook post from former Gov. Sarah Palin, citing extremely cold winter temperatures in her home state of Alaska:

If you’re a regular Climate Desk reader, you already know why all this is wrong. You understand the difference between individual weather events and long-term climate trends. You probably even know that according to the National Climate Assessment, winter precipitation is expected to increase in the northeastern United States as a result of climate change. But if you’re a Republican who wants to be president, please pay close attention to the following video:

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Attention GOP Presidential Candidates: Winter Does Not Disprove Global Warming

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This Washington Post Headline Is the Funniest Thing You’ll Read All Weekend

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Got the winter blues? Well, turn that frown upside down! Here’s a thing to make you smile.

In other pretend candidate news:

What a time to be alive.

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This Washington Post Headline Is the Funniest Thing You’ll Read All Weekend

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