SocraticGadfly: corporate greed
Showing posts with label corporate greed. Show all posts
Showing posts with label corporate greed. Show all posts

February 05, 2016

#FeelTheBern an actual #socialist on #BigAg — Just.Another.Politician.™

Specifically, Bernie Sanders is a both a corporate socialist and a welfare socialist, all in one bill signed into law in 2014 by President Barack Obama.
President Obama added his signature to legislation that will cut $8.7 billion in food stamp benefits over the next 10 years, causing 850,000 households to lose an average of $90 per month.  
And, like his stance on guns, it shows that, beyond pragmatism, Bernie can be Just.Another.Politician.™ when he feels it is politically necessary. Sometimes that's good, but sometimes that's not.

The 2014 Farm Bill cut a certain program within Department of Agriculture, the Feed and Eat program.

Yes, the link has been passed around the interwebz largely by Clintonistas, of that I have no doubt. But, it's still disconcerting, no matter who's peddling it.

Beyond the cuts, it pretty much left intact U.S. agricultural subsidies. Actually, it moved them to a back door and may have increased them. Those include to the dairy farmers of Vermont who supply Cabot Cheese and Ben & Jerry's ice cream. And, it increases corporate payouts to the privatized operators of ag insurance programs.

Bernie favored this bill, along with a squish like Michigan Sen. Debbie Stabenow:
“This is a nutrition bill that makes sure families have a safety net just like farmers do,” she said. “The savings in food assistance came solely from addressing fraud and misuse while maintaining the important benefits for families that need temporary help.”
When Democrats spout their version of Reaganesque “waste, fraud and abuse,” but never aim it at the corporatized farmers who benefit, in this case.

Of course, Bernie the corporate welfare guy had plenty of company with Stabenow. Only 9 Senate Dems opposed the bill.

However, to reframe that, nine Senate Democrats not named Bernie Sanders did find room to oppose this bill. It's a nice "meme" to call this a bill the Republicans held hostage. However, given that in places like California, most agriculture is owned by massive corporations, Democrats could have dug in their heels had they so chosen. (More here about corporate agriculture.)

There's yet more here, on America's top 100 landowners. Not all are farmers, but many are "farmers" for tax write-offs, if nothing else. And wingnuts like Phil Anschutz, Walton-in-law Stan Kroenke, the Simplots and others, populate that list heavily. No. 39 on the list, with farm holdings? The good old Koch Brothers. All potential hostages for Dems to get more money for food stamps — had they chosen to take hostages.

The bill's consequences, including for social justice, go beyond America.

Now, dairy, unless made into cheese or ice cream, especially the former, doesn't travel well. But, agricultural subsidies of the U.S. and the European Union penalize farmers in places like sub-Saharan Africa.

And, per that top 100 landowners link, many of them are not only corporatized in the US, but abroad as well. That only adds to the issue of farm subsidies.

This gets back to what I said a week ago about Sanders' one-note trumpet not sounding very much on foreign policy. There are issues of economic justice on fair trade promoting good labor rights and workplace safety rights. There are also issues of economic justice on developed world farm subsidies.

And, on that, as well as on corporate farm welfare, Sanders kind of missed the boat.

Of course, this isn't the good kind of corporate socialism. That good kind would be nationalizing some of our health care services.

Is Sanders "bad"? No. Is the lesser of two evils sometimes a big enough difference that the good is not the enemy of the best? Yes.

At the same time, this is why I remain, for now, a supporter of Sanders in the Democratic primaries only.

February 11, 2009

Should peanut owners be criminally prosecuted for assault?

As revealed in a Congressional hearing today, Peanut Corporation of America President Stewart Parnell said, in internal e-mails, he was more worried about bottom line costs than about salmonella, or other problems the company knew it had at its main plant, including cockroaches and a leaky roof.

So worried, in fact, that untested products were sent out the door to the public. So worried that PCA stopped using a testing lab that found too much contamination.

So, with salmonella a known cause of sickness, and potentially contaminated products shipped from a factory whose owners knew it had a leaky roof and cockroaches, isn’t this criminal assault?

Parnell didn’t answer that, or anything else, in person today, instead repeatedly taking the Fifth before Congress. Neither did other PCA honchos. All were no-shows to the non-subpoena hearing.

As far as potential criminality, much of the product from PCA plants went to nursing homes or schools.

You know, here in Texas, if you specifically assault a child or an elderly person, it ups the criminal charges and punishment potential.

Given that we now know PCA made at least one kid sick:
“The issue was no longer what had we done unknowingly, but what had PCA done knowingly,” father Terence Hurley said.

Or, from the MSN story about taking the Fifth, at least one senior citizen was killed:
“I would like to ask why anyone would not want to have mandatory recall. Why do we leave it up to the company?” asked Jeffrey Almer, whose mother, Shirley Mae Almer, died Dec. 21, several months after the outbreak was first known about. The 72-year-old was in a Brainerd, Minn., nursing home recovering from cancer treatment when her daughter served her peanut butter toast.

“Their behavior is criminal, in my opinion. I want to see jail time,” he said.

Thus, the rhetorical question is a no-brainer in my mind.

I say, let’s put PCA President Stewart Parnell and a few of his minions on trial.

And, if convicted?

Well, the “eye for an eye” of the Torah actually isn’t always such a bad idea.

Lock them up in a jail cell with nothing but their own peanut products for jailhouse food.

Beyond that, how did we get to a point like this, anyway? For years, the FDA has been outsourcing more and more of its food inspection work to underpaid, undertrained inspectors at underfunded state agencies.

April 01, 2008

Colorado could crack down on CEOs

A proposed Colorado ballot measure would make CEOs bear personal criminal responsibility if their companies run afoul of the law. The proposal, spawned by Joe Nacchio’s conviction for Qwest insider trading, would also, like the federal Clean Air Act, permit any Colorado resident to file a civil suit against a CEO in such circumstances.

Somehow, I have the feeling that:
• State and national Democrats will skirt a berth around this at least as wide as a lobbyist’s armspan;
• Fortune 500-type companies will vilify Colorado as the “anti-Delaware” if this passes;
• Other progressive states will put an eyeball on this.

Could California, with some of the most liberal state laws on ballot initiatives, follow suit?

March 19, 2008

WaMu says screw mortgage holders and save exec bonuses

Surely Federal Reserve Chairman Ben Bernanke was making sure, withits executive bonus worries, Washington Mutual was under his especial focus of his three-quarter point rate cut, and will be at the front of the line for future bailout needs:
After CEO Kerry Killinger and other top executives missed all or a big part of their bonus pay last year, Washington Mutual wasted little time taking steps to apparently make sure it won't happen again — even if the mortgage market and the company remain in the tank.

The board decided in February to use different performance yardsticks that could make it look like Killinger and other top executives were doing great jobs — and all but ensure them millions of dollars in bonuses for 2008. ...

If the bank meets its watered-down performance hurdles this year, Killinger stands to pocket $3.6 million as a bonus for 2008, or about 365% of his base salary.

Shockingly, he'd get that bonus even if shareholders see more lousy performance at Washington Mutual. Killinger is at least partly responsible, given that he led the bank so deeply into the subprime morass. The company reported a nearly $1.9 billion loss in the fourth quarter of 2007, and analysts have forecast losses throughout 2008.

Those huge losses piling up because of subprime loans and foreclosures? At bonus time, the bank will ignore them.
Somehow, I doubt WaMu will let you “ignore” a mortgage payment just because you, too have “huge losses piling up.”

But, there is one way you can strike back:
Executive bonuses will be doled out for squishy achievements such as improvements in customer loyalty.

Got money in WaMu? Move it. Anywhere.

Got a loan it originated? Find a way to move that too.

And when WaMu calls you, tell it where it can shove its fucking customer loyalty.

Unfortunately, as the second and third webpages make clear, WaMu isn’t alone in lowering the bar on executive bonus targets.

Where is The CEO President? Why is he not decrying “the soft bigotry of low executive expectations”?