With the federal income tax deadline looming next week, people can expect Tea Partiers and others to moan and shout about giving some of their money for the common good. If those tax protestors really wanted to make an impact, though, they’d focus on making sure large corporations pay their fair share.
An estimated 3,000 people attended today’s latest “Tea Party” protest at Fountain Square, this time commemorating Tax Day, and a CityBeat writer and photographer were there to capture the event in all of its sordid glory. [See the photo slideshow here.]
With one week left until the next “Tea Party” event, more organizations are jumping on the protest bandwagon.
The Occupy Wall Street movement plans to occupy Sawyer Point this Saturday from 11 a.m. to 11:30 p.m., one of several protests planned in other cities since the protest over corporate money in politics began more than three weeks ago in New York. (UPDATE: The protest has been moved to Lytle Park due to an already scheduled event at Sawyer Point.)
The Cincinnati Enquirer did its usual muckraking on the subject, determining that the movement's “goals are vague” and then linking to a story quoting a member of the movement describing its goals quite succinctly:
This week’s issue of CityBeat profiles three of the candidates in the hotly contested race for Ohio’s 1st Congressional District seat. Not surprisingly, two of the candidates are claiming that the other misrepresented or distorted his views.
The campaign of Republican incumbent Steve Chabot took umbrage at a paraphrased statement from his Democratic challenger, Steve Driehaus, that pertained to housing issues. It read, “Worse, Chabot hasn’t proposed any legislation that would help the wave of foreclosures and resulting blight that has swept the West Side over the past few years.”
Katie Fox, Chabot’s spokeswoman, noted the congressman addressed the foreclosure and mortgage crisis by passing a bill in December in a compromise with U.S. Rep. John Conyers (D-Mich.) that gave bankruptcy judges the discretion to modify the value of a mortgage to the true market price and to adjust the interest rate. It applied only to debtors who file for Chapter 13 bankruptcy and lack the income to pay their expenses, according to The Hill newspaper.
The Driehaus campaign responded by pointing out the statement referred to Chabot’s entire 14-year period in office, and specifically stated that the mortgage crisis was causing blight on Cincinnati’s West Side for years before Chabot acted.
Meanwhile, Driehaus also is criticizing TV commercials that Chabot and the national Republican Party are airing that allege Driehaus hasn’t taken a stance on the $850 billion Wall Street bailout plan approved recently by Congress. Chabot opposed the plan.
Driehaus says he’s made it clear he would’ve reluctantly voted for the plan had he been in Congress. “We had to do something, but I think it’s ridiculous that pork spending was put into this bill,” he said. “It would be irresponsible for Congress to allow the financial markets to fail.”
Further, Driehaus criticizes local republicans for waging a whisper campaign alleging that he doesn’t support Barack Obama, the Democratic Party’s presidential nominee. Some West Side residents perceive Obama as too liberal for their tastes. Driehaus has appeared at events with Obama, and his Web site features a photograph of him with the Illinois senator.
Not everyone’s convinced of Driehaus’ sincerity, though. Democrat Eric Wilson, an outspoken Obama supporter who’s running for the seat as an independent write-in candidate, said, “I know the political games. You go to the West Side of town and don’t mention Obama’s name at appearances.”
— Kevin Osborne
U.S. Rep. Steve Driehaus, about two months into his new job representing Ohio's 1st District, is one of 18 Democratic members of the House Financial Services Committee to send a letter to the CEO of Northern Trust in Chicago warning him to stop spending federal TARP bank bailout money on golf tournaments, parties and posh hotels. Committee Chairman Barney Frank initiated the letter to "insist" that the CEO "immediately return to the federal government the equivalent of what Northern Trust frittered away on these lavish events."
In the first of three debates for Ohio’s seat in the U.S.
Senate, Democratic incumbent Sherrod Brown and Republican challenger Josh
Mandel agreed on little and clashed on a lot. Each candidate mostly focused on the opposing candidate's record, but the debate today did move to substantial differences in policy at some
The debate started with opening statements from a noticeably feisty Brown, who criticized Mandel for calling his vote for the auto bailout “un-American.” On the other side of the aisle, Mandel began his opening statement with a joke about shaving before he turns 36. The joke was the last time either of the men spoke with a light heart.
The candidates blasted each other mostly for their records. Mandel touted Ohio's and the nation’s higher unemployment rate since Brown took office in 2006, energy prices and the U.S. debt. He also said the Senate had not passed a budget in three years, although Congress has actually passed budget resolutions in that time.
Brown fired back with claims Mandel had filled the state treasurer’s office with cronies. He also criticized Mandel for running for four different political offices in seven years. In his closing statement, Brown said Mandel is “too concerned about running for his next job” to be trusted.
On substance, Brown and Mandel criticized just about everything about each other. Brown claimed Mandel signed away his “right to think” by agreeing to lobbyist Grover Norquist’s pledge to not raise taxes while in office. He said the pledge makes it so if Mandel does take office, he’ll never be able to close tax loopholes for big corporations.
Mandel defended the pledge by saying, “I’m proud to stand
for lower taxes in our state and lower taxes in our country.” He added, “I will
do everything I can to advocate for lower taxes across the board for the middle
class and job creators as well.”
The term “job creators” is typically used in politics to reference wealthy Americans, who Republicans claim create jobs through the theory of trickle-down economics. The economic theory states that wealthy Americans will hire more lower-class Americans if they have more money and freedom, essentially creating a trickle-down effect on wealth from the rich to the poor. Although Republicans still tout the theory, some economists, including Nobel Prize winner Paul Krugman, say the financial crisis of 2008 and the deregulation that led to it prove trickle-down economics do not work.
The candidates also debated their positions on the auto bailout. Mandel said he would not have voted for the auto bailout if he was in the Senate in 2009. In his defense, he cited the experience of Delphi workers, who lost part of their pensions as part of the deal auto companies made with workers after the federal bailout. Mandel then said, “I’m not a bailout senator. He’s the bailout senator.”
Brown responded by saying, “These are real jobs and real people.” He then cited examples of people helped by the growing auto industry. Brown’s arguments are backed by economic data, which has repeatedly credited the growing auto industry for the nation’s growing economy. In the first quarter of 2012, the auto industry was credited for half of the nation’s economic growth.
When he was asked about higher education, Brown established the key difference between the candidates in terms of economic policy. Brown said his policies in favor of government investment in higher education are about supporting the middle class to create growth that starts in the middle and spreads out, while Mandel supports tax cuts that emphasize a trickle-down approach. Mandel did not deny the claims, and instead blamed Brown’s policies for the high unemployment rate and debt issues.
The men continued to show similar contrasts on the budget, taxes and economy throughout the entire debate, but there seemed to be some common ground regarding energy independence. When the topic came to hydraulic fracturing — or “fracking” — Brown said becoming energy independent would have to involve all possible energy sources. In substance, Mandel agreed, although he also praised fracking regulations recently passed by the Ohio legislature and Gov. John Kasich.
As far as energy issues go, the agreement stopped there. When Brown was asked about President Barack Obama's alleged “war on coal,” Brown said there was no war on coal and claimed there are more coal jobs and coal produced in Ohio than there were five years ago. Mandel disagreed and claimed there is a war on coal. He added if Obama is the general in the war on coal, Brown is Obama's “lieutenant.” Brown previously supported federal regulations on mercury that some in the coal industry, including the Ohio Coal Association, claim will force coal-fired power plants to shut down. The regulations go into effect in 2015.
On abortion, Mandel proudly claimed he was pro-life, while Brown said, “Unlike Josh Mandel, I trust Ohio women to make their own health care decisions.” Brown also criticized Mandel for not establishing exceptions for rape, incest and the health of the mother in his anti-abortion stance.
Many more issues, from term limits to Middle Eastern culture, were covered in the debate. The candidates drew sharp contrasts in all these areas with Brown typically holding the liberal position and Mandel typically holding the conservative position. But despite the feisty language and deep policy contrasts, when the debate ended, the candidates smiled, shook hands and patted each other on the back. They will meet again in Columbus on Thursday and Cincinnati on Oct. 25.
The U.S. stock exchanges have opened strongly this morning, following gains in Asia and Europe earlier today. The Bush Administration's ever-evolving bail-out plans are, as they say in the bidness world, fluid.
Barack Obama has opened a 10-point national lead on John McCain, according to The Washington Post. Some pundits think the race is even more lopsided in Obama's favor but that the mainstream media — either to gin up excitement over a "close" race or to not look like they're "liberal" and "in the tank" for Obama — are portraying the race as closer than it really is. We all know Obama is going to win, which will make these final few weeks of a long, negative campaign almost unbearable.
Speaking of unbearable, how about those Bengals?
I've been getting good feedback (as always) to our annual publication of the Project Censored report on stories the mainstream media missed in the past year. It's a good reminder that Americans aren't as informed as we should be, particularly on international issues, and another reason to be concerned as the the nation's major newspapers continue to struggle with economic pressure.
Enjoy your Monday and the beautiful fall weather.
Hundreds of local people interested in rebuilding the economy instead of complaining about it gathered today for two sessions organized by Gov. Ted Strickland and State Sen. Eric Kearney (D-Avondale) to explain Ohio’s portion of the federal stimulus package. Besides Strickland aides, representatives from the Ohio Department of Development, Ohio Department of Job and Family Services, Ohio Department of Administrative Services, Ohio Department of Transportation and the Ohio Benefit Bank were on hand to educate local small businesses and nonprofits about utilizing stimulus dollars.