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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (72654)	4/18/2010 1:39:47 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 149317

I suggest if you are not watching Bill Moyers on a regular basis that you do so. One can hardly call Bill a tool of either party. He and his guests have laid to rest ANY question of doubt regarding Democrats bowing and scraping to Wall St. just as much as the Republicans. It's all just theater designed to keep the status quo. If you have evidence otherwise, please post it. ====== "Mr Reich, who was Bill Clinton’s Labour secretary in the 1990s before resigning over the former president’s reluctance to pursue a strong public investment agenda, says that he and his colleagues fear a replay of the Clinton years under Mr Obama. Mr Reich now talks of the “Paulson-Geithner approach” to demonstrate what he sees as the continuity between Hank Paulson, George W. Bush’s last Treasury secretary, and the current administration. Mr Reich says bank nationalisation is the only answer to today’s crisis. “Bill Clinton chose to pursue a set of policies that Wall Street agreed with but at the expense of his long-term agenda of boosting public investment,” says Mr Reich. “Bill Clinton’s Wall Street agenda in the end brought America and the world crashing down with it. I hope we are not seeing history repeat itself with Mr Obama.” delong.typepad.com ====== Buyer's Remorse Hits Wall Street Democrats FEB 8 2010, 4:00 PM ET It's commonly thought that Democrats are crusaders for the little guy and hate those dastardly Wall Streeters. It's a common misconception. In fact, during the 2008 elections, Democrats far out-earned Republicans in Wall Street-based political contributions. But according to a New York Times article today, that is changing. Given the recent financial regulation efforts in Congress and by the Obama administration, bankers and traders are thinking twice about their Democratic support. The NY Times says: Just two years after Mr. Obama helped his party pull in record Wall Street contributions -- $89 million from the securities and investment business, according to the nonpartisan Center for Responsive Politics -- some of his biggest supporters, like Mr. Dimon, have become the industry's chief lobbyists against his regulatory agenda. Republicans are rushing to capitalize on what they call Wall Street's "buyer's remorse" with the Democrats. And industry executives and lobbyists are warning Democrats that if Mr. Obama keeps attacking Wall Street "fat cats," they may fight back by withholding their cash. The Mr. Dimon referred to above is JP Morgan Chase CEO Jamie Dimon, a friend of President Obama's. The article also says: But this year Chase's political action committee is sending the Democrats a pointed message. While it has contributed to some individual Democrats and state organizations, it has rebuffed solicitations from the national Democratic House and Senate campaign committees. Instead, it gave $30,000 to their Republican counterparts. Ouch. That burns. Last week, I noted that financial reform may be dead, as Banking Committee Chair Christopher Dodd (D-CT) is going ahead with his bill in the Senate without Republican support. Perhaps Republicans have realized how much they stand to gain by fighting some of Democrats' more controversial provisions, like the consumer financial protection agency and Volcker Plan. But could this also drive Democrats to think twice about aggressive regulation? I think this could go one of two ways. Either Democrats will suddenly realize that they need Wall Street's money for their uphill campaigns this November, or Republicans will realize (if they haven't already) that refusing to compromise on a bill may draw Wall Street's allegiance and deep pockets to their side of the aisle. Either way, the result I think you'll see is a best-case scenario that financial reform isn't nearly as substantial as it once was hoped it could be -- or might have been if it were put ahead of health care reform. theatlantic.com === Democrats are darlings of Wall St. Some fear donations will soften attitudes on financial regulation. CAMPAIGN '08: RACE FOR THE WHITE HOUSE March 21, 2008\|Janet Hook and Dan Morain, Times Staff Writers WASHINGTON — Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector. It is part of a broader fundraising shift toward Democrats, compared to past campaigns when Republicans were the favorites of Wall Street. articles.latimes.com

To: tejek who wrote (72654)	4/18/2010 1:59:28 PM
From: Broken_Clock	Respond to of 149317

Senator Dodd, Put Back That Wall! The Most Vital Ingredient in Wall Street Reform Goes Missing By PAM MARTENS Last Fall, it was all about the wall: financial bigwigs like former Federal Reserve Chair Paul Volcker, former Citigroup co-CEO John Reed, Governor of the Bank of England, Mervyn King, all espoused reestablishing the legal barrier between the derivatives casino that masquerades today as Wall Street and commercial banks holding insured deposits. It made good sense: the wall goes up in 1933, America becomes the premier financial center for 66 years. The wall comes down in 1999, the financial system collapses exactly 9 years later with the precise characteristics of the massive Wall Street swindles that occurred in the late 1920s when there was also no wall. But the wall has now gone missing in the current financial reform bill advanced out of the Senate Banking Committee by its Chairman, Senator Christopher Dodd. Equally noteworthy, the historic 1933 legislation that built the essential wall between flim-flam securities salesmen and Aunt Tilly’s insured bank account, commonly known as the Glass-Steagall Act, has gone missing itself from the internet. To underscore how extraordinary this is, if you put “Glass-Steagall Act” in the Google search box, it brings up 220,000 hits. And, yet, it is next to impossible to find the actual text of the legislation on the internet. cont. counterpunch.org

To: tejek who wrote (72654)	4/18/2010 2:10:30 PM
From: Broken_Clock	Respond to of 149317

Timothy P. Carney: Goldman rallies for Obama in Wall Street 'reform' By: TIMOTHY P. CARNEY Examiner Columnist April 16, 2010 In his self-styled war against Wall Street, President Obama appears to have a powerful ally: Goldman Sachs. The nation's largest investment bank, famously cozy with top government officials in both parties, has tipped its hand to its shareholders, indicating that major financial "reform" proposals will help Goldman's bottom line. "Given that much of the financial contagion was fueled by uncertainty about counterparties' balance sheets," Goldman Chief Executive Officer Lloyd Blankfein and President Gary Cohn wrote in a letter at the beginning of the annual report, "we support measures that would require higher capital and liquidity levels, as well as the use of clearinghouses for standardized derivative transactions." Goldman's executives are calling for two regulations here. First, they want the federal government to restrict free-wheeling, heavily leveraged, high-stakes financial risk taking. Second, they want government to set more rules of the road for trading derivatives -- financial products that are often complex. These are the very "fat cats" to whom Obama directed his trash talk in January: "If they want a fight, that's a fight I'm willing to have." Well, it looks like they don't really want a fight. It looks like they want more regulation. The question is: What's in it for Goldman? If you take Blankfein and Cohn's word, stricter federal liquidity and capital requirements would amount to regulators doing Goldman's work for Goldman. They want Uncle Sam to mitigate "uncertainty about counterparties' balance sheets." That is, they want the government to reduce the risk that Goldman's debtors or insurers will run into trouble. This is an odd function of government: Making Goldman Sachs feel safer in its business dealings. Blogger Ira Stoll, at his Web site The Future of Capitalism, put it well: "It's one thing for some elderly retail depositor to ask the FDIC to protect her from risk by guaranteeing bank deposits. But the idea that the government needs to run around setting capital requirements to protect Blankfein and Cohn from the risk that their counterparties might go under or get in a liquidity crunch seems a bit odd. Let them protect themselves." Also at play in Goldman's call for stricter capital requirements and standardization of derivatives: the confidence game. Much of America has lost some faith in the markets. Regular investors are still a bit scared of the stock market. Financial firms are lending less. Goldman thrives on free-flowing capital. If Obama signs a financial "reform" and declares that it now safe to enter the waters of the stock market, that's good news for Goldman. Restoring public confidence in the markets should be the job of those who profit from your investing in the market -- it should not be the job of the federal government. Another pillar of Obama's financial reform is the "Volcker Rule," which would restrict the trading banks can do. Blankfein and Cohn, in their letter, indicate to shareholders that this rule will be no big deal for them. The Volcker Rule would bar "proprietary trading" by Goldman (that is trading simply to benefit Goldman's bottom line) but would not restrict dealings "related to" serving the bank's clients. But even Goldman's most notorious financial dealings, transactions with failed insurance giant AIG, were client-related, Goldman told shareholders: "The net risk we were exposed to," Blankfein and Cohn wrote, "was consistent with our role as a market intermediary rather than a proprietary market participant." In other words, almost any deal Goldman would make could be tied to a client, meaning the Volcker Rule couldn't touch Goldman, even if it cramps the style of smaller, less well-connected banks. Goldman is lobbying hard on financial regulation, but that doesn't mean they're lobbying "against" regulation. And they certainly shouldn't be considered White House foes: Goldman was Obama's No. 1 corporate source of funds in 2008. So when Obama triumphantly signs his "reform" later this year, forget the rhetoric and watch the smart money -- it'll be betting on Goldman. Timothy P. Carney is the Washington Examiner's lobbying editor. His K Street column appears on Wednesdays. Read more at the Washington Examiner: washingtonexaminer.com

To: tejek who wrote (72654)	4/18/2010 2:20:47 PM
From: Broken_Clock	Respond to of 149317

February 17, 2010 counterpunch.org The War on Consumers and Labor Heats Up Wall Street Moves in for the Kill By MICHAEL HUDSON Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday, February 16 outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, “unemployment could have exceeded the 25 per cent level of the Great Depression.” Without wealth at the top, there would be nothing to trickle down. The reality, of course, is that bailing out casino capitalist speculators on the winning side of A.I.G.’s debt swaps and CDO derivatives didn’t save a single job. It certainly hasn’t lowered the economy’s debt overhead. But matters will soon improve, if Congress will dispel the present cloud of “uncertainty” as to whether any agency less friendly than the Federal Reserve might regulate the banks. Paulson spelled out in step-by-step detail the strategy of “doing God’s work,” as his Goldman Sachs colleague Larry Blankfein sanctimoniously explained Adam Smith’s invisible hand. Now that pro-financial free-market doctrine is achieving the status of religion, I wonder whether this proposal violates the separation of church and state. Neoliberal economics may be a travesty of religion, but it is the closest thing to a Church that Americans have these days, replete with its Inquisition operating out of the universities of Chicago, Harvard and Columbia. If the salvation is to give Wall Street a free hand, anathema is the proposed Consumer Financial Protection Agency intended to deter predatory behavior by mortgage lenders and credit-card issuers. The same day that Paulson’s op-ed appeared, the Financial Times published a report explaining that “Republicans say they are unconvinced that any regulator can even define systemic risk. … the whole concept is too vague for an immediate introduction of sweeping powers. …” Republican Senator Bob Corker from Tennessee was willing to join with the Democrats “to ensure ‘there is not some new roaming regulator out there … putting companies unbeknownst to them under its regime.” Paulson uses the same argument: Because the instability extends not just to the banks but also to Fannie Mae and Freddie Mac, Lehman Brothers, A.I.G. and Wall Street underwriters, it would be folly to try to regulate the banks alone! And because the financial sector is so far-flung and complex, it is best to leave everything deregulated. Indeed, there simply is no time to discuss what kind of regulation is appropriate, except for the Fed’s familiar protective hand: “delays are creating uncertainty, undermining the ability of financial institutions to increase lending to businesses of all sizes that want to invest and fuel our recovery.” So Paulson’s crocodile tears are all for the people. (Except that the banks are not lending at home, but are shoveling money out of the U.S. economy as fast as they can.) As Obama’s chief of staff Rahm Emanuel put it, a crisis is too good a thing to waste. Having created the crisis, Wall Street wants to use its momentum to knock out any potential checks to its power. “No systemic risk regulator, no matter how powerful, can be relied on to see everything and prevent future problems,” Paulson explained. “That’s why our regulatory system must reinforce the responsibility of lenders, investors, borrowers and all market participants to analyze risk and make informed decisions,” In other words, blame the victims! The way to protect victims of predatory bank lending (and crooked sales of junk securities) is not new regulations but just the opposite: “to simplify the patchwork quilt of regulatory agencies and improve transparency so that consumers and investors can punish excesses through their own informed investing decisions.” Simplification means the Fed, not a Consumer Financial Protection Agency. Moving in for the kill, Paulson explains that the Treasury is bare, having used $13 trillion to bail out high finance in 2008-09. So he warns the government not to run a Keynesian-type budget deficit. The federal budget should move into balance or even surplus, even if this accelerates the rise in unemployment and decline in wage levels as the economy moves deeper into recession and debt deflation. “We must also tackle what is by far our greatest economic challenge — the reduction of budget deficits — a big part of which will involve reforming our major entitlement programs: Medicare, Medicaid and Social Security.” The economy thus is to be sacrificed to Wall Street rather than reforming finance so that it serves the economy more productively. It is simple mathematics to see that if the government cannot raise taxes, it must scale back Social Security, other social welfare spending and infrastructure spending. What is remarkably left out of account is that today’s financial crisis, centered on public debts, is largely a fiscal crisis in character. It is caused by replacing progressive taxation with regressive taxes, and above all by untaxing finance and real estate. Take the case of California, where tears are being shed over the dismantling of the once elite University of California system. Since American independence, education has been financed by the property tax. But Proposition 13 has “freed” property from taxation – so that its rental value can be borrowed against and turned into interest payments to banks. California’s real estate costs are just as high with its property taxes frozen, but the rising rental value of land has been paid to the banks – forcing the state to slash its fiscal budget or else raise taxes on labor and consumers. The link between financial and fiscal crisis – and hence the need for a symbiotic fiscal-financial reform – is just as clear in Europe. The Greek government has pre-sold its tax revenues from roads and other infrastructure to Wall Street, leaving less future revenue to pay its public debt. To cap matters, paying income tax is almost voluntary for wealthy Greeks. Tax evasion is hardly necessary in the post-Soviet states, where property is hardly taxed at all. (The flat tax falls almost entirely on labor.) Throughout the world, scaling back the 20th century’s legacy of progressive taxation and untaxing real estate and finance has led to a public debt crisis. Property income hitherto paid to governments is now paid to the banks. And although Wall Street has extracted $13 trillion in bailouts just since October 2008, the thought of raising taxes on wealth to pay just $1 trillion over an entire decade for Social Security or health insurance is deemed a crisis that would lead Wall Street to shut down the economy. It is telling governments to shift to a regressive tax system to make up the fiscal shortfall by raising taxes on labor and cutting back public spending on the economy at large. This is what is plunging economies from California to Greece and the Baltics into fiscal and financial crisis. Wall Street’s solution – to balance the budget by cutting back the government’s social contract and deregulating finance all the more – will shrink the economy and make the budget deficits even more severe. Financial speculators no doubt will clean up on the turmoil. Michael Hudson is a former Wall Street economist and now a Distinguished Research Professor at University of Missouri, Kansas City (UMKC), and president of the Institute for the Study of Long-Term Economic Trends (ISLET). He is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. He can be reached via his website, mh@michael-hudson.com

To: tejek who wrote (72654)	4/18/2010 2:24:52 PM
From: Broken_Clock	Respond to of 149317

You still standing by your "Nope"? If so, please provide something to prove your belief that O and the dems aren't solidly in the pocket of wall st. "To understand their game plan, the Commissioners had to wait for the second day of the hearings, when Sheila Bair of the Federal Deposit Insurance Corp. (FDIC) spelled it out. Their first order of business is to make sure that the Federal Reserve Board is designated the sole financial regulator, knocking out any more activist regulators – above all the proposed Consumer Financial Products Agency that Harvard Professor Elizabeth Warren has helped design. Wall Street also is seeking to avert any thought of restoring the Glass-Steagall Act in an attempt to protect the economy from having merged retail commercial banking with wholesale investment banking, insurance, real estate brokerage and kindred arms of high finance." counterpunch.org

To: tejek who wrote (72654)	4/18/2010 10:43:14 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 149317

INVESTIGATIVE REPORT / SANTELLI WATCH / TEA PARTY / FEBRUARY 27, 2009 EXPOSING THE RIGHTWING PR MACHINE: IS CNBC’S RICK SANTELLI SUCKING KOCH? exiledonline.com By Mark Ames and Yasha Levine This article first appeared on Playboy.com Chris Matthews: “You’re up there with Rush Limbaugh and Sean Hannity… It’s quite a team.” Rick Santelli (smiling and nodding): “It is quite a team!” Hardball, MSNBC, Feb 20, 2009 Last week, CNBC correspondent Rick Santelli rocketed from being a little-known second-string correspondent to a populist hero of the disenfranchised, a 21st-century Samuel Adams, the leader and symbol of the downtrodden American masses suffering under the onslaught of 21st century socialism and big government. Santelli’s “rant” last-week calling for a “Chicago Tea Party” to protest President Obama’s plans to help distressed American homeowners rapidly spread across the blogosphere and shot right up into White House spokesman Robert Gibbs’ craw, whose smackdown during a press conference was later characterized by Santelli as “a threat” from the White House. A nationwide “tea party” grassroots Internet protest movement has sprung up seemingly spontaneously, all inspired by Santelli, with rallies planned today in cities from coast to coast to protest against Obama’s economic policies. But was Santelli’s rant really so spontaneous? How did a minor-league TV figure, whose contract with CNBC is due this summer, get so quickly launched into a nationwide rightwing blog sensation? Why were there so many sites and organizations online and live within minutes or hours after his rant, leading to a nationwide protest just a week after his rant? What hasn’t been reported until now is evidence linking Santelli’s “tea party” rant with some very familiar names in the Republican rightwing machine, from PR operatives who specialize in imitation-grassroots PR campaigns (called “astroturfing”) to bigwig politicians and notorious billionaire funders. As veteran Russia reporters, both of us spent years watching the Kremlin use fake grassroots movements to influence and control the political landscape. To us, the uncanny speed and direction the movement took and the players involved in promoting it had a strangely forced quality to it. If it seemed scripted, that’s because it was. What we discovered is that Santelli’s “rant” was not at all spontaneous as his alleged fans claim, but rather it was a carefully-planned trigger for the anti-Obama campaign. In PR terms, his February 19th call for a “Chicago Tea Party” was the launch event of a carefully organized and sophisticated PR campaign, one in which Santelli served as a frontman, using the CNBC airwaves for publicity, for the some of the craziest and sleaziest rightwing oligarch clans this country has ever produced. Namely, the Koch family, the multibilllionaire owners of the largest private corporation in America, and funders of scores of rightwing thinktanks and advocacy groups, from the Cato Institute and Reason Magazine to FreedomWorks. The scion of the Koch family, Fred Koch, was a co-founder of the notorious extremist-rightwing John Birch Society. As you read this, Big Business is pouring tens of millions of dollars into their media machines in order to destroy just about every economic campaign promise Obama has made, as reported recently in the Wall Street Journal. At stake isn’t the little guy’s fight against big government, as Santelli and his bot-supporters claim, but rather the “upper 2 percent”’s war to protect their wealth from the Obama Adminstration’s economic plans. When this Santelli “grassroots” campaign is peeled open, what’s revealed is a glimpse of what is ahead and what is bound to be a hallmark of his presidency. Let’s go back to February 19th: Rick Santelli, live on CNBC, standing in the middle of the Chicago Mercantile Exchange, launches into an attack on the just-announced $300 billion slated to stem rate of home foreclosures: “The government is promoting bad behavior! Do we really want to subsidize the losers’ mortgages?! This is America! We’re thinking of having a Chicago tea party in July, all you capitalists who want to come down to Lake Michigan, I’m gonna start organizing.” Almost immediately, the clip and the unlikely “Chicago tea party” quote buried in the middle of the segment, zoomed across a well-worn path to headline fame in the Republican echo chamber, including red-alert headlines on Drudge. Within hours of Santelli’s rant, a website called ChicagoTeaParty.com sprang to life. Essentially inactive until that day, it now featured a YouTube video of Santelli’s “tea party” rant and billed itself as the official home of the Chicago Tea Party. The domain was registered in August, 2008 by Zack Christenson, a dweeby Twitter Republican and producer for a popular Chicago rightwing radio host Milt Rosenberg—a familiar name to Obama campaign people. Last August, Rosenberg, who looks like Martin Short’s Irving Cohen character, caused an outcry when he interviewed Stanley Kurtz, the conservative writer who first “exposed” a personal link between Obama and former Weather Undergound leader Bill Ayers. As a result of Rosenberg’s radio interview, the Ayers story was given a major push through the Republican media echo chamber, culminating in Sarah Palin’s accusation that Obama was “palling around with terrorists.” That Rosenberg’s producer owns the “chicagoteaparty.com” site is already weird—but what’s even stranger is that he first bought the domain last August, right around the time of Rosenburg’s launch of the “Obama is a terrorist” campaign. It’s as if they held this “Chicago tea party” campaign in reserve, like a sleeper-site. Which is exactly what it was. ChicagoTeaParty.com was just one part of a larger network of Republican sleeper-cell-blogs set up over the course of the past few months, all of them tied to a shady rightwing advocacy group coincidentally named the “Sam Adams Alliance,” whose backers have until now been kept hidden from public. Cached google records that we discovered show that the Sam Adams Alliance took pains to scrub its deep links to the Koch family money as well as the fake-grassroots “tea party” protests going on today. All of these roads ultimately lead back to a more notorious rightwing advocacy group, FreedomWorks, a powerful PR organization headed by former Republican House Majority leader Dick Armey and funded by Koch money. On the same day as Santelli’s rant, February 19, another site called Officialchicagoteaparty.com went live. This site was registered to Eric Odom, who turned out to be a veteran Republican new media operative specializing in imitation-grassroots PR campaigns. Last summer, Odom organized a twitter-led campaign centered around DontGo.com to pressure Congress and Nancy Pelosi to pass the offshore oil drilling bill, something that would greatly benefit Koch Industries, a major player in oil and gas. Now, six months later, Odom’s DontGo movement was resurrected to play a central role in promoting the “tea party” movement. Up until last month, Odom was officially listed as the “new media coordinator” for the Sam Adams Alliance, a well-funded libertarian activist organization based in Chicago that was set up only recently. Samuel Adams the historical figure was famous for inspiring and leading the Boston Tea Party—so when the PR people from the Chicago-based Sam Adams Alliance abruptly leave in order to run Santelli’s “Chicago Tea Party,” you know it wasn’t spontaneous. Odom certainly doesn’t want people to know about the link: his name was scrubbed from the Sam Adams Alliance website recently, strongly suggesting that they wanted to cover their tracks. Thanks to google caching, you can see the SAA’s before-after scrubbing. Separated at Head Pubes? Rising Koch revolutionary Eric Odom… and embalmed Marxist revolutionary Vladimir Lenin? Even the Sam Adams’ January 31 announcement that Odom’s fake-grassroots group was “no longer sponsored by the Alliance” was shortly afterwards scrubbed. But it’s the Alliance’s scrubbing of their link to Koch that is most telling. A cached page, erased on February 16, just three days before Santelli’s rant, shows that the Alliance also wanted to cover up its ties to the Koch family. The missing link was an announcement that students interested in applying for internships to the Sam Adams Alliance could also apply through the “Charles G. Koch Summer Fellow Program” through the Institute for Humane Studies, a Koch-funded rightwing institute designed to scout and nurture future leaders of corporate libertarian ideology. (See hi-resolution screenshots here.) The top two board directors at the Sam Adams Alliance include two figures with deep ties to Koch-funded programs: Eric O’Keefe, who previously served in Koch’s Institute for Humane Studies and the Club For Growth; and Joseph Lehman, a former communications VP at Koch’s Cato Institute. All of these are ultimately linked up to Koch’s Freedom Works mega-beast. Freedomworks.org has drawn fire in the past for using fake grassroots internet campaigns, called “astroturfing,” to push for pet Koch projects such as privatizing social security. A New York Times investigation in 2005 revealed that a “regular single mom” paraded by Bush’s White House to advocate for privatizing social security was in fact FreedomWorks’ Iowa state director. The woman, Sandra Jacques, also fronted another Iowa fake-grassroots group called “For Our Grandchildren,” even though privatizing social security was really “For Koch And Wall Street Fat Cats.” If you log into FreedomWorks.org today, its home page features a large photo of Rick Santelli pointing at the viewer like Uncle Sam, with the words: “Are you with Rick? We Are. Click here to learn more.” FreedomWorks, along with scores of shady front organizations which don’t have to disclose their sponsors thanks to their 501 (c)(3) status, has been at the heart of today’s supposed grassroots, nonpartisan “tea party” protests across the country, supposedly fueled by scores of websites which masquerade as amateur/spontaneous projects, but are suspiciously well-crafted and surprisingly well-written. One slick site pushing the tea parties, Right.org claims, “Right.org is a grassroots online community created by a few friends who were outraged by the bailouts. So we gathered some talent and money and built this site. Please tell your friends, and if you have suggestions for improving it, please let us know. Respectfully, Evan and Duncan.” But funny enough, these regular guys are offering a $27,000 prize for an “anti-bailout video competition.” Who are Evan and Duncan? Do they even really exist? Even Facebook pages dedicated to a specific city “tea party” events, supposedly written by people connected only by a common emotion, obviously conformed to the same style. It was as if they were part of a multi-pronged advertising campaign planned out by a professional PR company. Yet, on the surface, they pretended to have no connection. The various sites set up their own Twitter feeds and Facebook pages dedicated to the Chicago Tea Party movement. And all of them linked to one another, using it as evidence that a decentralized, viral movement was already afoot. It wasn’t about partisanship; it was about real emotions coming straight from real people. While it’s clear what is at stake for the Koch oligarch clan and their corporate and political allies—fighting to keep the hundreds of billions in surplus profits they’ve earned thanks to pro-rich economic policies over the past 30 years—what’s a little less obvious is Santelli’s link to all this. Why would he (and CNBC) risk their credibility, such as it is, as journalists dispensing financial information in order to act as PR fronts for a partisan campaign? As noted above, Santelli’s contract with CNBC runs out in a few months. His 10 years with the network haven’t been remarkable, and he’ll enter a brutal downsizing media job market. Thanks to the “tea party” campaign, as the article notes, Santelli’s value has suddenly soared. If you look at the scores of blogs and fake-commenters on blogs (for example, Daily Blog, a slick new blog launched in January which is also based in Chicago) all puff up Santelli like he’s the greatest journalist in America, and the greatest hero known to mankind. Daily Bail, like so much of this “tea party” machine, is “headquartered nearby” to Santelli, that is, in Chicago. With Odom, the Sam Adams Alliance, and the whole “tea party” nexus: “Rick, this message is to you. You are a true American hero and there are no words to describe what you did today except your own. Headquartered nearby, we will be helping the organization in whatever way possible.” It’s not difficult to imagine how Santelli hooked up with this crowd. A self-described “Ayn Rand-er,” one of Santelli’s colleagues at CNBC, Lawrence Kudlow, played a major role in both FreedomWorks and the Club for Growth. So today’s protests show that the corporate war is on, and this is how they’ll fight it: hiding behind “objective” journalists and “grassroots” new media movements. Because in these times, if you want to push for policies that help the super-wealthy, you better do everything you can to make it seem like it’s “the people” who are “spontaneously” fighting your fight. As a 19th century slave management manual wrote, “The master should make it his business to show his slaves, that the advancement of his individual interest, is at the same time an advancement of theirs. Once they feel this, it will require little compulsion to make them act as becomes them.” (Southern Agriculturalist IX, 1836.) The question now is, will they get away with it, and will the rest of America advance the interests of Koch, Santelli, and the rest of the masters? UPDATE: Yasha Levine crashes media teabag party in Santa Monica. This article first appeared on Playboy.com on Feb. 27, 2009. Mark Ames is the author of Going Postal: Rage, Murder and Rebellion from Reagan’s Workplaces to Clinton’s Columbine.