PATH: BS | Business | Corporate Welfare

Three Economic Myths That Cause Us to Vote Against Our Interests

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Robert Reich in approximately two minutes exposes 3 common economic myths that may be responsible for why so many Americans vote against their own interests... A very important and insightful explanation everyone should see...

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Inside The World Of Phony Benevolence

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Two news stories have been circulating this week on the Internet that mask more dubious intentions that are worth mentioning.

In one story, a famous movie producer is building low-income housing, "To help less-affluent people settle an otherwise upscale area of California" -- how noble.. if that were actually the case.

In the second story, one of the richest people in the world is claiming to "bring the Internet to the underpriviledged," but it too, is a scam....

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Celebrities Misled By 'Restore The Gulf' Campaign

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[Environment]
Not long ago, many celebrities got together to make a PSA for the "Be The One" campaign, urging people to sign a petition to save the Gulf of Mexico on the website RestoreTheGulf.com (very similar to the government's website at RestoreTheGulf.gov, which might have caused confusion). This all seems good, until you look at the fine print and dig below the surface... Which is what DeSmogBlog did. It turns out that the campaign's sponsors are "America's WETLAND Foundation", a front group for oil companies (Shell, BP, Chevron, ExxonMobil, etc), and "Women of the Storm", a Louisiana group with strong ties to America's WETLAND (the founder of the former is married to the chairman of the latter).

The end result seems to be a carefully-orchestrated snowjob by the oil and gas industry to try and get taxpayers to fund the cleanup of their own messes...

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Robert Greenwald's "Koch Brothers Exposed"

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In Robert Greenwald's new film, The Koch Brothers Exposed, he examines the pervasive influence of David and Charles Koch on the American fabric of life. It covers areas as diverse as their impact on community school boards, colleges, the environment, voting rights, and think tanks. Greenwald began the film before the Occupy Wall Street movement exploded. He was eight months into conducting his own research and filming when he saw how the 1 percent was using their financial resources to promulgate their specific ideologies and economic interests.

Watch the whole film here..

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What Ronald Reagan Actually Did To The American Economy

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On this, the 100th anniversary of Ronald Reagan, we discovered this very illuminating video from renown economist and research professor Michael Hudson, which explains some of the unique aspects of "Reaganomics" and what it actually did to the American economy.

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HMO To Drop 650,000 Customers To Raise Priofits

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Health insurance giant Aetna is planning to force up to 650,000 clients to drop their coverage next year as it seeks to raise additional revenue to meet profit expectations.

In a third-quarter earnings conference call in late October, officials at Aetna announced that in an effort to improve on a less-than-anticipated profit margin in 2009, they would be raising prices on their consumers in 2010. The insurance giant predicted that the company would subsequently lose between 300,000 and 350,000 members next year from its national account as well as another 300,000 from smaller group accounts.

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Exposing the "Americans For Prosperity" Anti-Health Reform Front

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MSNBC's Rachel Maddow confronts Tim Phillips, head of the co-called "grass roots" group, Americans For Prosperity which is going on a bus tour around the country spreading misinformation about health reform and get to the bottom of who's really behind this "grass roots organization."

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Daily Show Lambasts CNN For Bizarre Fact Checking

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[Pundits]
John Stewart asks, who does fact checking any more? Apparently CNN does... of SNL skits, instead of their own guests.

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You Are Worth More To Your Boss Dead Than Alive

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[Beating Dead Horses]
Did you know that if you work at Wal-Mart, the corporation will take out a secret life insurance policy on you, naming themselves as the beneficiary? It's called "Dead Peasant Insurance" and thousands of corporations do it. It seems that most employees are worth more dead, than alive to these companies and they gamble and speculate with the insurance industry to make money when their employees die.

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See The Commercial CNN Refuses To Air

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A Poignant illustration of what's wrong with healthcare in America that will likely never see the light of day on radio and television, so we need to go viral with it...

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How To Lose Money: Watch CNBC And Jim Cramer

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[News Media]
CNBC's Rick Santelli is angry that those loser homeowners are going to get bailed out. Jon Stewart has some comments on that... especially after Santelli bailed from appearing on The Daily Show.

UPDATE: Now it has turned into a conflict between Jon Stewart and Jim Cramer...

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Bill Maher On the Bailouts

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Bill Maher has released a viral video in anticipation of the season premier of his show Real Time, and as usual, he pulls no punches in addressing the current financial crisis...

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BBC Exposes The Reality Of The US Healthcare System

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A January 19 episode of BBC One's Panorama, the world's longest running television documentary show, tackles the dismal state of health care in the United States, the lengths to which its estimated 45 million uninsured citizens will go to in pursuit of care, the pharmaceutical industry's rigged pricing against the American patient, and the insurance industry's efforts to deny care whenever possible.

The documentary opens in rural Kentucky, where people have driven within a 200-mile radius to wait in line in the early morning for a spot in line to see a volunteer doctor thanks to the efforts of Remote Access Medical, who originally set out to help people in the Amazon jungle, but now focus 60% of their time on Americans.

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Peter Schiff: US "Phony Economy" Is Collapsing - Let It Go

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[Pundits]
The one financial pundit who forsaw the mortgage crisis and other issues long before anyone else, and in defiance of other people, is interviewed on what he thinks of the bailout...

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BSA Show #9: Entitlements, Welfare, Socialism Oh Noooooo!

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[BSAlert *exclusive*]
It's all over the news and our podcast couldn't be any more topical. Before we even finished it there was more talk of bailouts and taxpayer money going to help underprivileged welfare CEOs. Will the madness end? We tackle the argument from both sides. Just who is lazily wasting your tax dollars?

Got iTunes? subscribe to the podcast by clicking here.

READ MORE | 5 comments since 2008-11-15 14:59:18 | Comment on this Article

What Caused The Second Depression In-A-Nutshell

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[BSAlert *exclusive*]
Everyone is pointing fingers at who is to blame in the current financial and economic crisis. Let's move beyond partisan sniping and take a look and see if we can find some real cause-and-effects...

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60 Minutes Uncovers The Real Financial Crisis

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[Get-Rich-Quick]
A 60-Minutes investigation reveals "Wall Street's Shadow Market". If you didn't see this the other day, it's definitely worth a look.

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Moore: The Rich Got Their Welfare Check This Morning

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Michael Moore has penned a poignant diatribe on the financial bailout. Irresponsibility and greed are being rewarded by American taxpayers to the richest people in the financial community.

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Pundits Say McCain Incapable, Responsible For Financial Crisis

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A roundtable of media people discuss the current financial crisis and whether or not John McCain was responsible due to his support of deregulation of the finance industry... critics are saying this is one video that is the most damaging yet to the McCain campaign and reputation. Even George Will throws McCain to the lions.

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State Department Protects Corporations From Citizens

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A PowerPoint presentation, leaked from a division of the State Department, reveals that the government is briefing corporations about animal rights activists and offering “countermeasures” to protect corporate profits.

For years, the government has relentlessly pushed to label animal rights and environmental activists as “eco-terrorists” and domestic terrorists. The FBI even labels these groups the “number one domestic terrorism threat.” But this State Department PowerPoint puts the “Green Scare,” as many activists are calling it, in much different perspective.

It spells out, with startling candor, that animal rights and environmental activists are less a threat to national security than to corporate financial security. And it shows that the targets of this “War on Terrorism” aren’t just people burning SUVs: the targets are people using their First Amendment rights.

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