Time for Real Democracy

[Please click here for the Bill Shein for Congress website.]

By Bill Shein
December 15, 2011

Two notable events took place on Tuesday, though few may have noticed the vital connection between them.

The first was a long-overdue speech by Attorney General Eric Holder addressing shameful efforts, in more than two dozen states, to limit democratic participation by restricting early voting, adding unnecessary ID requirements, and curtailing voter-registration drives. These efforts, which impact millions of otherwise-eligible, low-income, young, old, and minority voters, are perhaps the greatest threat to voting rights since the Jim Crow era.

Underwritten by corporate-backed groups like the American Legislative Exchange Council, the goal of this crackdown on voting is simple: Close the door on a truly representative democracy. Because those who profit from today’s unjust status quo know they must block massive citizen action – whether it’s Occupy-style uprisings or huge turnout on Election Day – in order to maintain their grip on power.

Their disgraceful campaign brings to mind the words of John Adams, who said, in support of substantial property requirements for voting, that if everyone could vote, “an immediate revolution would ensue.” (Adams also worried that women might demand the vote, too. The horror!)

To advance that necessary political and economic revolution, we need to combine 2011’s growing movement of citizen empowerment with massive participation in, and urgent reform of, our electoral system. The two can, and perhaps must, go hand-in-hand if we want an economy that doesn’t continue to tilt dramatically toward the wealthy.

It won’t be easy. Billions spent by corporate interests on campaign contributions and lobbying have narrowed the range of what’s possible in Washington and Boston – especially when it comes to campaign finance and election law. With both major parties feeding at the same trough of corporate money, the kind of bold action we’ve long needed on employment, housing, climate change, corporate personhood, electoral reform, and other vital issues never even sees the light of day.

That’s why three years into a Wall Street-fueled economic meltdown, a tiny elite – say, about one percent? – is doing just fine. Meanwhile, many more – oh, I don’t know, around 99 percent? – lose homes, jobs, savings, health care, and hope.

The economic facts are grim. A recent Princeton study found that those who lost jobs during 2007-08 and are working again now earn, on average, 17.5 percent less. Yet corporate profits are soaring, enabling even more spending on elections and lobbying.

It seems that American workers are supposed to be content with whatever scraps are tossed down from the plutocrats’ table. Mainstream media discussion of monthly job reports focuses only on the number of new jobs. But few politicians or pundits ask, “Do these jobs pay a living wage? Are they permanent and durable? Do they include sick and vacation days so parents can stay home with sick children or earn paid time off? Do they provide opportunities for advancement?”

Which brings us to Tuesday’s second notable event. In Springfield, the innovative Wellspring Initiative held an event to announce a $200,000 grant from the Robert Wood Johnson Foundation to advance precisely the kind of economic development we need. Combined with $100,000 raised locally, its plan is ambitious.

Modeled after the Evergreen Cooperatives in Cleveland, Wellspring aims to build large-scale, worker-owned cooperative businesses right in the heart of Springfield. With both public- and private-sector partners like Baystate Health, UMass-Amherst, Jobs with Justice, and Springfield Technical Community College, these new ventures will tap into the $1.5 billion spent annually on goods and services by the city’s largest institutions. Currently, less than 10 percent of that spending takes place within Springfield.

As in Cleveland, the Wellspring cooperatives will be rooted firmly in the community. They’ll keep resources and jobs and expertise local. They’ll pay a living wage and train employees for advancement. And thanks to worker ownership, employees will participate in democratic decision-making and see their equity stake grow with the business, providing a clear path out of poverty to a brighter future.

We need this model in Pittsfield and across the country: Robust local enterprise that enhances the well-being of workers and invests, for the long term, in our communities.

One thing is certain: We can no longer allow transnational corporations and the anti-democratic public policy they champion to dominate our society. Even when staffed with good and decent people, these institutions have one goal: Profit. Their nature is to drain wealth from our communities. They lay off workers and move operations to low-wage countries, destroying local economies in the U.S. (e.g. General Electric, anyone?). They distort elections. Ultimately, they serve the interests of Wall Street analysts, not those of local citizens.

It’s time to combine the fight for broad democratic participation with a campaign for smart economic development along the lines of the Evergreen and Wellspring cooperatives. By doing so, we’ll advance both political and economic democracy – two fundamental requirements of a just, fair, and compelling future.

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A longtime democracy-reform activist, Bill Shein feels the ground shifting. And he likes it. (You can support Bill’s current crowd-funded book project here.)

 

Psst … Hidden Bank Fees Are Coming

By Bill Shein
November 17, 2011

Recently, large banks have started imposing new and increased fees on the same (taxpaying) account holders who saved them from their greedy selves with billions in few-strings-attached bailout funds and trillions in low- and no-interest Federal Reserve loans.

See, banks are upset that new regulations – insufficient, but designed to prevent them from blowing up the economy again – could reduce their annual profits by $12 billion. That money, they say, was previously “earned” via exorbitant debit-card swipe fees and by processing transactions in a way that maximized overdraft fees. Nice work if you can get it, eh?

The banks want to reclaim “their” money as soon as possible, ideally without anyone noticing. That’s why the bank statements of millions of Americans will soon include lots of small, sometimes inexplicable charges – just like your phone, cable, and electricity bills.

It’s all by design: Who has hours to spend lost in a “customer service” voice-prompt system to protest a few bucks added to a monthly maintenance fee, only to be summarily disconnected after pressing the “0” key 100 times and screaming, “AGENT! AGENT! AGENT!” until hoarse?

Multiply a few bucks by millions of customers, and, well, there it is: The decades-long transfer of wealth, continued.

Following the collapse of Bank of America’s attempt to charge $5/month for using a debit card, the banks will be sly and clever about new fees. Here’s what to watch out for:

The KBLITSTWTBA Fee – Several years into the economic meltdown, how many people can decipher the meaning of financial acronyms like MBS, SPARQS, CBO, ETF, or EMBS? Depositors must be vigilant in spotting confusing lingo that may disguise hidden fees. Like the monthly “KBLITSTWTBA Fee,” a cryptic acronym that stands for, “Keep Bankers Living in the Style to Which They’ve Become Accustomed.” Outrageous!

Hidden Fee Fee – Highly paid experts, including former CIA operatives, sleight-of-hand magicians, and pathological liars are routinely hired by banks to craft deceptive ways to chip away at your hard-earned savings with hidden fees. These efforts are increasingly funded with the double-ironic “Hidden Fee Fee.” Information on this insidious charge may be hard to find: Look for it on your statement in four-point type and printed with ink that’s only visible when held up to a fluorescent black light.

Costo Beneficio de Mejora – Thanks to online translation tools available even to newspaper columnists, it’s easy for banks to hide fees by printing them in a foreign language. So if you see a $2.32 monthly charge for “Costo Beneficio de Mejora,” know that you’ve been charged an unnecessary “Profit Enhancement Fee.”

Redress of Grievances Fee – This monthly deduction is immediately wired to former elected officials who now work as lobbyists for big banks. Apparently, cashing in on one’s time as a public servant by lobbying on behalf of transnational corporations creates painful moral suffering that can only be soothed by a seven-figure income. This ongoing expense is now passed on directly to account holders. (NOTE: Sometimes appears as “Revolving Door Maintenance Fee” or “Shame Remediation Fee.”)

Don’t Even Try to “Move Your Money” Fee – As Americans move their money to credit unions, small local banks, and cooperatives at a good clip (650,000 new accounts at credit unions alone during the last 30 days, compared to 80,000 in a typical month), banks are in a panic as depositors flee. So they’re cashing in with new charges like the “Don’t Even Try to ‘Move Your Money’ Fee.” Equal to 100 percent of your account balance, it’s imposed the moment you try to close your account. (Watch for details in a “Change to Your Account Terms” statement insert.)

The bottom line? Until you’ve moved your money out of big and non-local banks – ideally before imposition of the “Don’t Even Try to ‘Move Your Money’ Fee” – read your statement closely. Because according to a Nov. 14 story in The New York Times: “Banks may also be betting that consumers will not notice the quiet creep of existing fees. As Richard K. Davis, U.S. Bancorp’s chief executive, told investors on a recent conference call: ‘We’ll see if our customers complain and move, or just complain.’”

Oh, don’t you worry, Mr. Richard K. Davis. We’re done complaining.

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Bill Shein is a founding member of the Berkshire County Hundredaires Club.

 

In Defense of Obama

By Bill Shein
August 2, 2011

Dudes, just hear me out on this debt “deal,” okay? Because NEXT time, Obama is seriously going to STAND HIS GROUND, man! You just wait. He’ll rebalance the tax code and finally get around to progressive priorities. Seriously, dudes, it’s what he really wants. That’s the REAL Barack Obama. Not the Obama who is – until next time! – helping shred the economic and social fabric of America for the benefit of a narrow elite.

C’mon, man, he was handed a raw deal, you know? He’s doing the best anyone could do. He saved global capitalism, remember? And dude, that’s a good thing, even if modern global capitalism is a species- and biosphere-destroying monstrosity that needs a fundamental overhaul. Later, okay? First we need to win in 2012.

I mean, the Republicans, and the Tea Party, well, how’s anyone supposed to deal with THEM, you know? They’re not rational. Someone has to be the adult, right?

But anyway, you just wait until that Congressional super-committee, evenly split between the parties, with the Republicans promising to appoint only anti-tax conservatives, comes back with its proposal. It’ll let the Bush tax cuts expire, even though Republicans keep winning, over and over again, by refusing, every time, to consider the long-overdue restoration of sane tax policy. You’ll see. It’s what Obama really wants, man. And he’ll make it happen. Regardless of all those high-dollar contributions rolling into his re-election campaign. He knows what he’s doing. He’s setting them up perfectly. It’s going to work. Just wait, okay?

Oh, and the coming “tax reform” won’t be a sham at all. Not this time. Seriously, man. Yeah, they’ll slash marginal rates for the wealthy and corporations, but they’ll also get rid of loopholes! And yes, I know those loopholes will make their way back into the tax code, and the rates will stay low, creating yet another debt crisis, and greater income and wealth inequality, and more money for the status-quo powers to use to buy off the whole system, but seriously, dude, trust me. OBAMA KNOWS WHAT HE’S DOING! He’s, like, six chess moves ahead, man! He’s the Garry Kasparov of American politics. You’ll see. Just wait.

When will Obama’s liberal critics just shut up, you know? They make the perfect the enemy of the good. I mean, look at all the good in this debt-ceiling deal. Seriously, check out the big wins for progressives. They’re all over this deal! There are so many that I won’t even try to list them! And he forced the Republicans to cave on, um, well, I’m sure they caved on something. Must have.

In any event, the most important thing is to get Obama re-elected. Sew-up those independents, man. And raise a billion dollars. In his second term, you just WAIT. That’s when the totally amazing stuff is going to rain down on America, leaving those unreasonable GOPers in the dust! In the meantime we just have to suck it up for the greater good. But only for a bit longer.

CUT TO: December, 2016

Seriously, dude, Obama is going to be an AWESOME ex-president, and that’s when he’s REALLY going to make a difference. Next month he’ll be free of the constraints of the White House, and politics, and he’s going to make Bill Clinton look like a do-nothing ex-president. You just wait. Seriously. That $10 million book deal and those $100,000 speeches will give him the bank to be free – finally! – of all the nonsense he PRETENDED to believe so he could get elected twice, you know? The voting electorate is narrow, my man. Not representative of everyone in America. Getting worse. That’s the reality. You gotta play to the few who still vote if you want to win.

I mean, sure, Obama was only able to take the worst financial crisis in 75 years, and big Democratic majorities in the House and Senate, and use them to enact marginal changes, most of which were quickly watered down by lobbyists. And he did little to slow catastrophic climate change. But now that he’s wrapping up his second term, he’s seriously going to MAKE … IT … HAPPEN!

Hang in there, okay? Just wait. Cut the guy a break. He’s on our side. Give him time. Be patient. Seriously.

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Bill Shein is considering a run against President Obama in next year’s New Hampshire primary. Seriously!