The guests included lawmakers, members of advocacy groups, business leaders, pundits and others. Only one of the featured guests, the Cato Institute’s Patrick Michaels, had a background in climate science, and, as noted by Media Matters, he also estimated that about 40 percent of his funding comes from the petroleum industry. Now their is a conflict of interest if you ask me!
The breakdown of the TV analysts perspectives does not correspond with public opinion polls, which have shown that 71 percent of respondents said they support continued funding of the EPA to ‘enforce regulation on greenhouse gases and other environmental issues.’
From the Media Matters Analysis:
• For some useful perspective on government oversight of Wall Street, JPMorgan Chase’s litigation reserves of $4 billion, the money the bank is saving so it can fight or settle lawsuits, is four times the size of what the Securities and Exchange Commission has to regulate the entire securities industry. Bank of America’s marketing expenses in the last three months of 2010 were about half the SEC’s budget according to Forbes Magazine.
• A grassroots movement built by the nation’s biggest business lobby would seem to be the definition of astroturfing, a term used to describe a political or corporate agenda disguised as an independent, bottom-up movement.
But that didn’t stop U.S. Chamber of Commerce president Tom Donohue from sending out a seven-page memo announcing the latest chapter in its mission to create a grassroots movement for reform and relief of government regulation, he’s enlisted former Democratic Sen. Evan Bayh (Ind.) and ex-White House chief of staff Andy Card for a “road show” to “promote a bipartisan blitz against what it deems excessive and costly government regulations,” reports the Center for Public Integrity.
Anytime you hear the word “DEREGULATION”, you should see red flags all over the place! I for one associate deregulation with corruption and not good for the general public. There has never been a case of good deregulation in my knowledge, at least when it pertains to financial or environmental issues. Deregulation is often used by the GOP to promote unethical business practices, which only benefit those being deregulated, not the average consumer or general public, and it they tell you any different, they are lying. See ‘WALL STREET MELTDOWN’ and ‘GULF OIL SPILL’ if you need a little history on deregulation. The truth is, it may look good on paper, but deregulation is usually abused by those whom get the most benefits, and they follow the bottom line instead ethical business practices.
• The revolving door between the federal government and Wall Street is highlighted by the Project on Government Oversight. The most recent example: SEC nominee Daniel Gallagher, who currently works at law firm Wilmer Hale, and worked for the SEC before he held that job.
• Despite the fact that for two decades the Internet has allowed federal agencies to provide reams of non-classified information to the public, which allows for the bypassing of the costly and cumbersome Freedom of Information Act process, not every agency has taken advantage of the opportunity. The U.S. Department of Agriculture recently jumped aboard when its Animal and Plant Health Inspection Service made the service’s data on people and companies it licenses available in a free online searchable database.
In light of all the recent concern over food safety issues, it’s worth checking out, however if the GOP persists with all it’s ‘cost saving’ deregulation, and proposed elimination of ethics statements, then whom can we really trust? They are stripping away all protections for the regular guy in the name of ‘deregulation’, which is another term for giving big business a break from any responsibilities whatsoever. Just say no to the corruption and lets send these hooligans packing next election time!