The RNC Wants “Citizens United” Law Expanded

RNC Decides to Finish Destroying Democracy

by bmaples     Posted on Thu Jan 12, 2012

There are headlines that are so jaw-dropping in their implications that they stop you cold in your tracks. Then, when you try to tell others about them, talking about them doesn't work. You just have to share them, and wait for the other person to stop cold in their tracks as well.

So, here you go:

Republican National Committee Files Brief Seeking To Allow Corporate Funding of Campaigns

Yep -- you read that right. The RNC, those wonderful lovers of our form of government, have asked the Supreme Court to EXPAND the Citizens United decision to allow corporations to donate directly to campaigns. And to give as much as they want. With no limits.

If that hasn't caused you to mutter amazed expletives to yourself, try these numbers:

• The total cost of the 2008 Presidential campaign for EVERYONE -- both candidates, PACs, 527s, you name it -- was $5.3 billion.
• Citigroup's gross profit for 2011 was $60 billion.

In other words, ONE COMPANY could underwrite the entire campaign of any presidential candidate it chose -- and not even breathe hard.

I try -- I really try -- to be charitable to Republicans most of the time. But this is one of the most dangerous ideas any so-called political party has ever come up with, and it deserves to be shouted down by people from every side of the aisle.

Originally posted to bmaples on Thu Jan 12, 2012

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement.

Technorati Tags: Citizens United,RNC,Republican National Committee,Citigroup,2012 Elections,Current Events,An American Gothic

First-time Unemployment Claims Spike To 399,000

By  Meteor Blades    for Daily Kos Labor       Thu Jan 12, 2012

The Department of Labor this morning reported a seasonally adjusted rise of 24,000 to 399,000 in first-time applications for unemployment benefits for the week ending Jan. 7. The four-week moving average preferred by many economic analysts because flattens volatility rose to 381,750 from the previous week's revised average of 374,000. A year ago at this time the weekly number was 437,000 and and the four-week running average was 420,000.

The significant jump could be an indication that temporary hiring of package delivery personnel and retail workers in December was larger than expected. The median forecast of the 46 analysts surveyed by Bloomberg was 375,000. The rise could be bad news for a labor market that has been improving at a slightly accelerated rate the past few months. The claims figures, like other job reports, are especially volatile around the holiday season. The first week of the year typically shows a high number of claims.

“Labor demand is still not strong enough to support a complete jobs recovery,” Henry Mo, an economist at Credit Suisse in New York, said before the report. Even so, “the labor market is heading in the right direction.”

Originally posted to Daily Kos Labor on Thu Jan 12, 2012

Also republished by Daily Kos.

Technorati Tags: Department of Labor,The Economy,Unemployment Claims,Jobs,Current Events,An American Gothic