Skip to content or view mobile version

Home | Mobile | Editorial | Mission | Privacy | About | Contact | Help | Security | Support

A network of individuals, independent and alternative media activists and organisations, offering grassroots, non-corporate, non-commercial coverage of important social and political issues.

Nader on Corporate Patriotism

Ron F | 11.11.2001 17:17

Ralph Nader dissects and condemns US corporate handouts following the attacks on the US.

Published on Saturday, November 10, 2001
Corporate Patriotism
by Ralph Nader

U. S. corporations aren't even subtle about it. Waving a flag and carrying a big shovel, corporate interests are scooping up government benefits and taxpayer money in an unprecedented fashion while the public is preoccupied with the September 11 attacks and the war in Afghanistan.
Shamelessly, the Bush Administration and Congress have taken advantage of the patriotic outpouring to fulfill the wish lists of their most generous corporate campaign donors. Not only is the Treasury being raided, but regulations protecting everything from personal privacy to environmental safeguards are under attack by well-heeled lobbyists who want to stampede Congress to act while the media and citizens are distracted.

Only a handful in the Congress--members like Senator Russell Feingold of Wisconsin and Representatives Peter DeFazio of Oregon and Barbara Lee of California--have shown the courage to question the giveaways and the quick wipeout of civil liberties and other citizen protections. In most cases, such as the $15 billion airline bailout and corporate tax breaks, legislation has been pushed to the forefront with little or no hearings and only fleeting consideration on the floor of the Senate and the House of Representatives.

One of the boldest grabs for cash has been by corporations seeking to eliminate the Alternative Minimum Tax (AMT), which was enacted during the Reagan Administration to prevent profitable corporations from escaping all tax liability through various loopholes. Not only do the corporations want relief from the current year's AMT taxes, but they are seeking a retroactive refund of all AMT taxes paid since 1986.

This giveaway, as passed by the House of Representatives, would make corporations eligible for $25 billion in tax refunds. Just 14 corporations would receive $6.3 billion of the refund. IBM gets $1.4 billion; General Motors, $833 million; General Electric $671 million; Daimler-Chrysler $600 million; Chevron-Texaco $572 million. The 14 biggest beneficiaries of the minimum tax repeal gave $14,769,785 in "soft money" to the national committees of the Democratic and Republican parties in recent years.

Soon to join the bailout parade is the nation's insurance industry, which is lobbying the Congress to have the federal government pick up the tab for future losses like those stemming from the attack on the World Trade Center. Proposals are on the table for taxpayers to either pick up losses above certain levels or to provide loans or loan guarantees for reinsurance.

The insurance companies want federal bailouts, but they continue to insist on regulation only by underfunded, poorly staffed state insurance departments, most of which are dominated by the industry. Any bailout or loan program involving the insurance companies must include provisions which ensure that insurance companies cannot refuse to write policies and make investments in low, moderate and minority neighborhoods. Allegations about insurance company "redlining" or discrimination against citizens in these areas have been prevalent for many years. It would be a terrible injustice for citizens to be forced to pay taxes to help bail out insurance companies that discriminate against them. Congress needs to address this issue before it even considers public assistance for the industry.

People-concerns have been missing in all the bailouts. When the airline companies walked off with $15 billion plus in bailout money, the thousands of laid-off employees--airline attendants, maintenance crews, baggage handlers and ticket counter employees--received not a dime. Attempts to include health benefits and other help for these employees were shouted down on the floor of the House of Representatives.

Last month, more than 400,000 employees lost their jobs nationwide and the national unemployment rate rose to 5.4 percent, the highest level since 1996. The Bureau of Labor Statistics said roughly a fourth of the lost jobs were the direct result of the terrorist attacks of September 11. Bailouts, benefits or other aid for these victims of the attacks? No, that's reserved just for the corporations under the policies of the Bush Administration and the present Congress.

Yet it is the workers in the low-wage jobs--like those in restaurants, hotels, retailing and transportation--who are bearing the brunt of the layoffs in the aftermath of the attacks on the World Trade Center, according to a report from the New York State Department of Labor. Almost 25,000 people told the department that they lost their jobs because of the trade center disaster. An analysis by the department of the first 22,000 of the claims found that 16 percent worked at bars, 14 percent worked at hotels, 5 percent worked in air transportation and 21 percent in a category termed "business services." Only 4 percent worked at Wall Street brokerage firms.

While more workers lose jobs, the Administration is pushing for authority to expand the North American Free Trade Agreement (NAFTA) under new "fast-track" authority. The Department of Commerce concedes that at least 360,000 jobs have been lost under NAFTA, and private research groups estimate the total may be twice that number. Now, with unemployment rising to alarming levels, the Administration decides to cave to pro-NAFTA corporate demands which will only make the labor picture worse. No bailout for laid off workers, just a hard crack across the knees.

As Bill Moyers, the author and national journalist, commented: "They (the corporations) are counting on your patriotism to distract you from their plunder. They're counting on you to stand at attention with your hand over your heart, pledging allegiance to the flag, while they pick your pocket."

The present crisis cries out for shared sacrifice--not the opportunism so blatantly displayed by the nation's corporate interests. President Bush and the Congress must summon the courage to resist the self-serving demands--the kind of courage and shared sacrifice that guided the brave rescue workers on September 11.

For More Information:
www.citizenworks.org

Ron F

Upcoming Coverage
View and post events
Upcoming Events UK
24th October, London: 2015 London Anarchist Bookfair
2nd - 8th November: Wrexham, Wales, UK & Everywhere: Week of Action Against the North Wales Prison & the Prison Industrial Complex. Cymraeg: Wythnos o Weithredu yn Erbyn Carchar Gogledd Cymru

Ongoing UK
Every Tuesday 6pm-8pm, Yorkshire: Demo/vigil at NSA/NRO Menwith Hill US Spy Base More info: CAAB.

Every Tuesday, UK & worldwide: Counter Terror Tuesdays. Call the US Embassy nearest to you to protest Obama's Terror Tuesdays. More info here

Every day, London: Vigil for Julian Assange outside Ecuadorian Embassy

Parliament Sq Protest: see topic page
Ongoing Global
Rossport, Ireland: see topic page
Israel-Palestine: Israel Indymedia | Palestine Indymedia
Oaxaca: Chiapas Indymedia
Regions
All Regions
Birmingham
Cambridge
Liverpool
London
Oxford
Sheffield
South Coast
Wales
World
Other Local IMCs
Bristol/South West
Nottingham
Scotland
Social Media
You can follow @ukindymedia on indy.im and Twitter. We are working on a Twitter policy. We do not use Facebook, and advise you not to either.
Support Us
We need help paying the bills for hosting this site, please consider supporting us financially.
Other Media Projects
Schnews
Dissident Island Radio
Corporate Watch
Media Lens
VisionOnTV
Earth First! Action Update
Earth First! Action Reports
Topics
All Topics
Afghanistan
Analysis
Animal Liberation
Anti-Nuclear
Anti-militarism
Anti-racism
Bio-technology
Climate Chaos
Culture
Ecology
Education
Energy Crisis
Fracking
Free Spaces
Gender
Globalisation
Health
History
Indymedia
Iraq
Migration
Ocean Defence
Other Press
Palestine
Policing
Public sector cuts
Repression
Social Struggles
Technology
Terror War
Workers' Movements
Zapatista
Major Reports
NATO 2014
G8 2013
Workfare
2011 Census Resistance
Occupy Everywhere
August Riots
Dale Farm
J30 Strike
Flotilla to Gaza
Mayday 2010
Tar Sands
G20 London Summit
University Occupations for Gaza
Guantanamo
Indymedia Server Seizure
COP15 Climate Summit 2009
Carmel Agrexco
G8 Japan 2008
SHAC
Stop Sequani
Stop RWB
Climate Camp 2008
Oaxaca Uprising
Rossport Solidarity
Smash EDO
SOCPA
Past Major Reports
Encrypted Page
You are viewing this page using an encrypted connection. If you bookmark this page or send its address in an email you might want to use the un-encrypted address of this page.
If you recieved a warning about an untrusted root certificate please install the CAcert root certificate, for more information see the security page.

Global IMC Network


www.indymedia.org

Projects
print
radio
satellite tv
video

Africa

Europe
antwerpen
armenia
athens
austria
barcelona
belarus
belgium
belgrade
brussels
bulgaria
calabria
croatia
cyprus
emilia-romagna
estrecho / madiaq
galiza
germany
grenoble
hungary
ireland
istanbul
italy
la plana
liege
liguria
lille
linksunten
lombardia
madrid
malta
marseille
nantes
napoli
netherlands
northern england
nottingham imc
paris/île-de-france
patras
piemonte
poland
portugal
roma
romania
russia
sardegna
scotland
sverige
switzerland
torun
toscana
ukraine
united kingdom
valencia

Latin America
argentina
bolivia
chiapas
chile
chile sur
cmi brasil
cmi sucre
colombia
ecuador
mexico
peru
puerto rico
qollasuyu
rosario
santiago
tijuana
uruguay
valparaiso
venezuela

Oceania
aotearoa
brisbane
burma
darwin
jakarta
manila
melbourne
perth
qc
sydney

South Asia
india


United States
arizona
arkansas
asheville
atlanta
Austin
binghamton
boston
buffalo
chicago
cleveland
colorado
columbus
dc
hawaii
houston
hudson mohawk
kansas city
la
madison
maine
miami
michigan
milwaukee
minneapolis/st. paul
new hampshire
new jersey
new mexico
new orleans
north carolina
north texas
nyc
oklahoma
philadelphia
pittsburgh
portland
richmond
rochester
rogue valley
saint louis
san diego
san francisco
san francisco bay area
santa barbara
santa cruz, ca
sarasota
seattle
tampa bay
united states
urbana-champaign
vermont
western mass
worcester

West Asia
Armenia
Beirut
Israel
Palestine

Topics
biotech

Process
fbi/legal updates
mailing lists
process & imc docs
tech