Friday, July 21, 2017

Blue Team Forms Alliance with Red's Neocons


America's Democratic Party joined with war mongering Republican neocons to form the Alliance for Securing Democracy, according to The Intercept.  The Blue Team's Laura Rosenberger and Red Jamie Fly are chief staffers for the group.  The following are board members, some with private equity affiliations:

Red Team
Mike Chertoff - Chertoff Group Growth Equity
Bill Crystal
Mike Rogers - Trident Capital

Blue Team
Michael Morrell
Jake Sullivan
Nicole Wong - Refactor Capital

"Democrats often justify this union as a mere marriage of convenience: a pragmatic, temporary alliance necessitated by the narrow goal of stopping Trump."  Pragmatic, temporary alliances are essentially "the enemy of my enemy is my friend."

That practice in Afghanistan got the U.S. Obama bin Laden, al Qaeda and 9-11.  The United States partnered with dangerous allies in Libya and Syria. It remains to be seen how that blows back on innocent civilians at home and abroad.

America's two political parties make war mostly for public consumption.  The Alliance for Securing Democracy is about political insiders pursuit of power and money.  Corporate donors with deep pockets get out-sized influence.  The combination is both intoxicating and dangerous.

Sunday, May 21, 2017

Potential FBI Chief Wrote Abysmal Katrina Investigation Report

News reports indicated Frances Townsend to be a potential FBI Director in the wake of James Comey's firing.  Townsend is a private equity underwriter, as are most of President Donald Trump's appointments.  Prior to PEU employment Frances served as White House Homeland Security Advisor under President George W. Bush.  In that role she conducted the investigation into the federal response to Hurricane Katrina.

Her investigation was abysmal.  It omitted the hospital with thirty five patient deaths after Katrina made landfall.  Twenty five of those deaths were on the LifeCare Hospital's unit on the seveth floor of Memorial Medical Center.  The Carlyle Group purchased LifeCare just weeks before Katrina made landfall.

Fran Townsend was part of the White House team that failed Americans in need.  She crafted the White House Lessons Learned report on Hurricane Katrina.  Her poor quality report should disqualify her from serving as FBI Director.  We don't need corporate risk management at the expense of truth and public service.  Brand Trump needs help but that should not happen to the detriment of our country. 

Thursday, April 13, 2017

United Beats Passenger, Traumatizes Louisville Flight


The world witnessed United Airlines prioritize its operating needs over the customers it supposedly serves.  It went so far as to beat and bloody a physician trying to get home to see patients to accommodate a United flight crew.  In the process passengers objected to this man's horrific treatment.  One suggested the flight crew rent a car to get to their work destination.

David Dao will have his day in court.  The irony is United could have offered the four passengers $1 million each and come out better.  Instead it used a computer to randomly select seated passengers for ejection.  That impersonal procedure became very personal for Dr. Dao.  It also incited the wrath of nearly anyone viewing the video online.

Corporate power, hubris and greed contribute to the dehumanization of anyone who doesn't willingly follow company edicts, no matter how nonsensical.  A sixty nine year old physician got the tar beat out him for asking United to honor the seat the company gave him.  It took United's CEO three tries to get close to what happened, a horrific crime his company perpetrated against a passenger and a psychologically traumatic event for anyone on that plane.

Power, hubris and greed are alive and well in America's corporate enforcement state.  United's dehumanization is one window into this abusive malformation.  Lesser abuses happen to customers and employees inside companies every day.  They have the same root.

Dr. Dao wants to ensure something like this happens to no one else.  I trust him to have more impact than any CEO looking to optimize their executive incentive compensation.  United hired CEO Oscar Munoz in September 2015.  He took a medical leave of absence from October 19, 2015 until March 14, 2016.  For his six weeks of work in 2015 Munoz earned $5.8 million.  The United CEO's 2016 pay should be made public the end of April in a SEC filing.

Change is in the air for United.  Dr. Dao won't fly anytime soon.  Injustice lasts until justice is served.  It can come from the top but that requires reflection, insight and balance, rare characteristics in our hallowed halls of power. 

Thursday, March 30, 2017

Pelosi's Mandatory Public Option & Summers' Fake Bank Toughness


The history rewrite by members of the Blue Team is astounding now that they no longer hold the reigns of power.  Nancy Pelosi said on Face the Nation in mid-March:

"I would have had a public option. I would have done a different bill."
This isn't some pie in the sky wish.  She was Speaker of the House in a Blue majority Congress with a Blue President in the White House.

Next Blue team economic advisor and consummate insider Larry Summers turned into Pinocchio with nose growing statements.

As head of Barack Obama’s National Economic Council during 2009 and 2010 at the height of the foreclosure crisis, Larry Summers broke many promises to help homeowners while simultaneously dismissing Wall Street’s criminality. Now, after the Obama administration has left power and Summers has no ability to influence anything, he finds himself “disturbed” that settlements for mortgage misconduct are full of lies

When it was discovered that mortgage companies were using false documents to execute foreclosures, in violation of numerous legal statutes, Summers dismissed it.
The Obama team began with a free pass for Wall Street.  I wonder what insider Larry Summers hopes to gain with his memory challenged statement?  Who are the insiders he's catering to by speaking out now? 

The Blue team is shameless in their self-serving manipulations.  Pelosi and Summers expect us not to remember.  Well, we do.