Investor Kicked Out, WellPoint Refuses Further Disclosure of Toxic Political Spending

Investor Kicked Out, WellPoint Refuses Further Disclosure of Toxic Political Spending

May 16, 2012 Aaron Krager No Comments
WellPoint executives hemmed and hawed at questions pertaining to political spending at Wednesday’s annual shareholders’ meeting. Health plan members and union leaders, who represent members with WellPoint health insurance, wanted to ask CEO Angela Braly why the company spends money to influence policy that contradicts their business model. Outside a group of people wearing white jumpsuits labeled “WellPoint cleanup crew” took care of the toxic money coming from the company’s political spending. They were denied entry to the hotel and had to leave the toxic mess upstairs. “WellPoint and its subsidiaries give financial support to the anti-union governors of Indiana, Wisconsin and Ohio, who are trying to nullify the Affordable Care Act and roll back workers’ right to bargain for a better life,” said the organization Health Care for America Now. The Affordable Care Act, also called Obamacare, mandates individuals to purchase health insurance and thus providing millions of more...
BofA Dealt Punches from 99%, Shareholders Tell their Side

BofA Dealt Punches from 99%, Shareholders Tell their Side

May 10, 2012 Aaron Krager 1 Comment
“Bank of America, Bad for America” went the chant of protesters outside of the Charlotte headquarters with a large ball and chain marked with the word “DEBT” sitting it the background. Meanwhile shareholders piled into the annual meeting that serves as a formality of transparency for publicly traded companies . Unlike previous years, executives experienced something more than formality as people armed with shares of the big bank came to the mic demanding answers and accountability for Bank of America’s alleged fraudulent mortgage practices, funding in predatory payday loan stores, investing in dirty coal, and crashing the economy. The laundry list of wrongdoing by the bank cost millions of families their homes and their health. According to a Bloomberg report from the inside a shareholder complained of his stocks loss of value and called the bank a “felon.” CEO Brian Moynihan responded with a loaded defense saying, “We abide by...
Faith Leaders Criticize GE, Global 1% in Direct Action

Faith Leaders Criticize GE, Global 1% in Direct Action

A new front of activism seems to have taken hold in recent weeks. Grassroots organizations that traditionally advocate for legislative goals and hold newsworthy protests in front of tax dodging corporations. Lately, the organizations teamed up to confront the global one percent on their own turf: during the annual shareholder meetings. Faith leaders took the frontline at General Electric and a couple other meetings that I had the opportunity to witness. Pastor Kevin Johnson highlighted Detroit’s hypocrisy when it came to its decision to utilize the police force. “Because millionaires and billionaires come to town, look at the great show of police presence we have today,” said Pastor Kevin Johnson, who was escorted out of the meeting despite being a shareholder. “It’s not fair to the individuals that live in the city of Detroit.” One homeowner told me that the wealthy refuse to hear our cries. All the while they...

Let’s Overthrow the Government!

Grover cartoonGrover Norquist recently threatened impeachment proceedings against Barack Obama if he wins a second term and allows the Bush-era tax cuts to lapse.

Most Americans know nothing of Grover Norquist. The name sounds prestigious yet elusive. That’s the way he likes it. Norquist’s name has never appeared on a ballot but any political junkie knows the man’s tactics and beliefs. Those who don’t, should.

Norquist served under Ronald Reagan in the 80′s and says that the Great Communicator asked him to begin Americans for Tax Reform (ATR) in 1985. In this role he shaped the GOP into his own vision with Steve Kroft saying “Norquist has been responsible, more than anyone else, for rewriting the dogma of the Republican Party.”

This rewriting of GOP dogma led all but 10 of the current 289 elected Republicans to signing his so-called Taxpayer Protection Pledge that states: oppose any and all efforts to increase the marginal income tax rate for individuals and business; and to oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.

Any deviation from this pledge and the elected official is assured of hell reigning down on them in the next election. This stance blocks real progress from happening in D.C. But that is part of his ultimate goal.

“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.”

Quite the patriotic talk from the behind the scenes leader of the GOP. One does not need to believe in an expansive government to be patriotic but the thought of destroying it… well that’s borderline treason.

Before I divert off tangent and get into Norquist’s involvement in Iran-Contra and Jack Abramoff, I should get to the point. The background of Norquist is important because of his recent statements.

We face a sequel of Republican attacks if President Obama wins a second term and allows the Bush era tax cuts to expire.

Obama can sit there and let all the tax [cuts] lapse, and then the Republicans will have enough votes in the Senate in 2014 to impeach. The last year, he’s gone into this huddle where he does everything by executive order. He’s made no effort to work with Congress.”

The last sentence is akin to throwing your voice across a room to make it sound like it came from someone else. Or as Zerlina Maxwell notes, “a claim you could only believe if you had amnesia.”

Impeachment proceedings fall in the category of serious shit! This is last resort type of stuff if the sitting President is corrupt. The Constitution provides for it in the cases of “Treason, Bribery, or other high Crimes and Misdemeanors.”

Failing to extend a tax cut does not fall under any of these unless you worship tax cuts like Norquist. It seems like he believes raising taxes amounts to treason. He has GOP candidates sign a pledge to his worship of tax cuts and puts it above the Constitution. How convenient for him to look to the document now for a remedy.

As Thom Hartmann notes this is not democracy but a coup d’etat against the country.

Enjoy the history lesson Hartmann provides. Think about Norquist’s end game. It is not good.

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