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Bernie Sanders Goes After Wall Street Oil Speculators

Crossposted from Occupy America

Senator Bernie Sanders (I-VT) called on Tuesday for an investigation into oil price manipulation. He also proposed a 30-day deadline for federal regulators to use emergency powers to curb excessive speculation in crude oil markets.

“We must do everything that we can to make sure that oil and gasoline prices are transparent and free from fraud, manipulation, abuse and excessive speculation,” said Sanders, a member of the Senate energy committee.

Over the past five months, the national average price for a gallon of gasoline has gone up by more than 41 cents. The price hikes come at a time when U.S. oil inventories reached a three-decade high while demand for gasoline is lower than four years ago when prices averaged less than $2.30 a gallon.

Sanders spoke about rapidly rising gas prices during a Senate floor speech on two amendments he proposed to the farm bill.

“The skyrocketing cost of gasoline and oil is causing tremendous hardship to the American consumer, small businesses, truckers, airlines and fuel dealers. In fact, as we struggle to claw our way out of this terrible recession, high oil and gas prices are enormously detrimental to the entire economic recovery process,” Sanders said.

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I sure hope Jack Lew got the message loud and clear. Senator Elizabeth Warren is not going to allow him to mollycoddle banks the way Tim Geithner did. In Wednesday's Senate hearing, she asked him a few pointed questions intended to send a very straightforward message.

Warren began by speaking about a string of scandals that emerged as a result of the continued existence of "too big to fail banks." Despite this evidence and the fact that many officials have admitted the dangers to the economic system posed by big banks, Warren noted that various members of President Barack Obama's administration have appeared unwilling to prescribe concrete measures to address them. She then pointed specifically to a quote from a Treasury official during former Treasury Secretary Tim Geithner's tenure that suggested the department had been instrumental in scuttling an earlier bipartisan amendment that would have enacted restrictions on "too big to fail."

About those banks considered "too big to fail"? Warren put Lew on the hot seat.

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Crossposted from Video Cafe

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Sen. Rand Paul (R-KY) on Tuesday lashed out at fellow members of Congress for looking into how technology giant Apple is able to avoid paying billions of dollars in taxes.

The Senate Permanent Subcommittee on Investigations released a report on Monday detailing how Apple had used a network of offshore shell companies in recent year to avoid paying taxes.

At a committee hearing on Tuesday, Paul was livid that Apple CEO Tim Cook was asked to testify.

"I'm offended by a $4 trillion government bullying, berating and badgering one America's greatest success stories," the Kentucky Republican told the committee. "Tell me what Apple has done that is illegal?"

Paul added that he was also "offended" that that the IRS would "bully" tea party groups.

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Crossposted from Video Cafe

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The worst Senator in a body replete with really bad and odious senators tells us why Tornado relief is different than Hurricane relief.

Via WaPo

In the wake of the devastating tornado in an Oklahoma City suburb, Sen. James Inhofe (R-Okla.) rejected comparisons between federal aid for this disaster and the Hurricane Sandy relief package he voted against.

That was a “totally different” situation, Inhofe told MSNBC, arguing that the Sandy aid was filled with pork. There were “things in the Virgin Islands. They were fixing roads there and putting roofs on houses in Washington, D.C.”

“Everyone was getting in and exploiting the tragedy that took place,” he said. “That won’t happen in Oklahoma.”



Mike's Blog Round Up

Ramona's Voices: Six things media personalities could and should avoid when covering a disaster.

Rumproast: Coburn the compassionate.

Not the Singularity: When conservatives don’t get climate science, part 3,461.

A Taxing Matter: Times letter writers seem to get the IRS "scandal."

West Coast Stat Views: Affinity cons and the looting phase in education.

Guest post by Batocchio. E-mail tips to mbru AT crooksandliars DOT com.



Open Thread

I sure am gonna miss Bill Hader, who is leaving SNL. Here he is in a YouTube from last year (not work safe).

Open thread below...



C&L's Late Nite Music Club With Jerry Byrne

Crossposted from Late Nite Music Club
Title: Lights Out

Got a favorite from the fifties?



The Latest Lie: IRS Targeted Conservatives

Remember the video of the guy in the "pimp costume" who got advice from ACORN employees on how to run his prostitution ring? Turns out the whole story was just a lie, a doctored-video smear job on an important organization. The guy never wore a "pimp costume" and the real, undoctored videos showed that ACORN employees did nothing wrong. But a lie travels around the world before the corporate media bothers to check the facts. The "news" media blasted the story everywhere, and Congress was so outraged they forced ACORN to close its doors. And here we are again.

The corporate media is blasting out the story that the IRS "targeted conservative groups." Some in the media say there was "IRS harassment of conservative groups." Some of the media are going so far as claiming that conservative groups were "audited."

This story that is being repeated and treated as "true" is just not what happened at all. It is one more right-wing victimization fable, repeated endlessly until the public has no choice except to believe it.

Conservative Groups Were Not "Targeted," "Singled Out" Or Anything Else

You are hearing that conservative groups were "targeted." What you are not hearing is that progressive groups were also "targeted." So were groups that are not progressive or conservative.

All that happened here is that groups applying to the IRS for special tax status were checked to see if they were engaged in political activity. They were checked, not targeted. Only one-third of the groups checked were conservative groups.

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This Will Be Our Summer of Manufactured Discontent

On Friday, Fox News' Monica Crowley informed Hannity's audience that President Obama and his administration have an "ideology of control" just like communist, socialist, and fascist regimes of times past.

Over the weekend, we heard comparison after comparison of the IRS so-called scandal to Watergate. Even David Gregory chimed in on that chorus by legitimizing the claims rather than forcing the squawkers to justify their claims.

Similarly, Paul Ryan's claim that connection between the IRS and Obamacare is somehow sinister and threatening is yet another dog whistle to the Tea Party masses.

Meanwhile, Rand Paul is trumpeting the fanfare over Benghazi and trying to flog Hillary Clinton with it. Of course, it's not just intended to flog Hillary, but also to serve as a clarion call for the masses to rise up this summer yet again.

On the extreme side of things, we have radio hosts claiming Obama is really the first openly gay president who hasn't come out of the closet yet. Um, okay. But wait! There's more.

According to Virginia's Republican Lieutenant Governor candidate, winger pastor EW Jackson, Democrats are slave masters and Obama is really a Muslim. Did I mention that Mr. Jackson happens to be black?

What we have here are the beginnings of a long, hot summer, with tons of manufactured discontent. Unlike 2009 and 2010, wingers don't have Obamacare to kick around anymore even though they think they do. They've had control of the House since 2010 but haven't done anything with it other than repeal ObamaCare 37 times, block every job bill that had a chance of actually improving the lives of Americans, and thump their chests about Benghazi and other stupid inventions.

All of the noise is, as Katrina Vanden Heuvel called it, deployment of weapons of mass distraction, sacrificing real issues and governance for political point-scoring, brewing a summer with town hall meetings full of angry elderly white people shaking their fists at evil Democrats for scandals Republicans caused.

Over the weekend I watched The Billionaires' Tea Party, which is an updated version of AstroTurf Wars made during the health care town halls. It includes footage from American Majority training sessions where participants are instructed in the fine art of gaming everything from Amazon reviews to social media. It was a good review in anticipation of what they plan for this summer and 2014.

The Occupy movement and all activists should be prepared to take them on this time. They do not get to benefit from the element of surprise. Most people who aren't insane know there's an effort afoot to gin up everything they possibly can to keep this president and Democrats from doing anything worthwhile, but we don't have the Villagers on our side, nor should we ever expect to.

If I were you, I'd put those local town hall dates in my planner and plan to attend, if only to counterbalance the insanity they're about to unleash on us all.



Crossposted from Video Cafe

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A female former staffer for the Iowa state Senate Republicans says she was fired only hours after she reported sexual harassment by male lawmakers.

In an interview on Sunday, Kirsten Anderson told WHO-TV that she had worked as the communications director for the state Senate Republican Caucus until Friday when she was fired after providing documentation about the sexual harassment.

"When you go to the workplace, you should have a safe environment," she explained to WHO-TV's Dave Price. "Women especially should not have their body parts scrutinized, objectified. People should not be ridiculed or mocked for simply the color of their pants that they are wearing, and those sorts of things were taking place at the Capitol."

"Things that would make you blush," she recalled. "Things that you don't want your daughter, your mother, your sister having to put up with. And that sort of attitude about women -- objectifying women -- it has to change."

Anderson said she was told that the senators "had the authority to terminate me at this time."

Pressed by Price, the former staffer said that she was not prepared to name names because her complaint "was more about changing the work environment."

Ed Failor Jr., a top assistant to state Senate Republican Leader Bill Dix, on Sunday insisted that Anderson had been fired for failing to improve her work performance.

"I can assure you that under Senator Dix’s leadership, sexual harassment is not and will not be tolerated," Failor told the Des Moines Register. "She was given an opportunity to improve her work performance and it did not improve."

(h/t: Talking Points Memo)