Welfare Lear Jets

From Wall Street to Atlanta's Gold Dome, Bush Republicans are nursing a corrupt culture of corporate dependency designed to benefit the wealthiest of the wealthy. Corporations gambled with the grocery money hoping to turn a quick billion or two, knowing all the time that if they failed, Uncle Sam would be there with a government check to make the next payment on their welfare Lear jet. These multi-national corporate giants will never learn to stand on their own two feet because they know the government will bail them out, but everyday Americans, who find themselves in a pinch as housing values plummet and fuel costs sky-rocket, best not expect help. As Charles Richardson pointed out in today's Telegraph, in this welfare system, bailing out companies like Bear Stearns is a priority, but offering a hand up to homeowners facing foreclosure is out of bounds. The new slogan for the RNC isn't "Consumer Beware" it's "Consumer? Who Cares?"

Not to be left out, last week the Georgia House, led by that darling of the insurance industry, Rep. Tom Knox with back up singers, Jerry Keen and Mickey Channell, passed a $150 million dollar tax break for insurance companies to help them sell the public stripped down health insurance policies that aren't worth the paper their written on. These plans require individuals to pay more than $2200 out of pocket before receiving even basic medical care. That's right, more than 1.7 million Georgians are uninsured and our state is facing a slowing economy, but instead of funding public schools, trauma care or public safety, Georgia Republicans just can't wait to jump on the corporate welfare bandwagon. After all, it's the Republican thing to do. (By the way, there's still time to stop this bill in the Georgia Senate, but a vote is expected any day, so please contact your State Senator today and ask him or her to oppose HB 977. Follow the link above, or visit www.capitolconnect.com/aarp, register your name and address and follow the action steps under state alerts to send an email directly to your State Senator.) By the way, you folks up in Cumming won't need to send any campaign contributions Rep. Knox's way. Judging from his last disclosure, the insurance industry has taken very good care of their man in Atlanta, just as he has taken very good care of them.

Of course, corporate welfare isn't anything new to Republicans. In 1980's Sen. John McCain's buddy, Charles Keating ran the Lincoln Savings and Loan which became insolvent due to "bad loans" (sound familiar?). The bailout cost tax payers 2.9 billion (a pittance compared to the Bear Streans guarantee) while John McCain earned his place among the "Keating Five"-elected officials Charles Keating turned to for political cover.

So, Republicans preach about personal responsibility, extol the virtues of a free market economy and admonish welfare mothers to just pull themselves up by their bootstraps, but they are more than willing to offer up your tax dollars to subsidize corporate fat cats. Why is it that the person who's born into poverty is supposed to struggle while those who have more than they ever need are given hands outs handouts? Look no further than the incestuous relationship between big corporations, their lobbyists and the money that flows into campaign coffers-of both Republicans and Democrats, by the way. Looks like we need a whole new brand of welfare reform.

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Vic Jones is Going to Love This

We can rely Georgia Republicans to take care of big insurance companies who pour dollars into their campaign accounts. The rest of us are just out of luck. According to an op-ed in today's Telegraph, on Thursday, thanks to Rep. Tom Knox and a quick legislative slight of hand, both chambers of the Georgia General Assembly passed a bill including a provision that makes it unnecessary for insurance companies to get approval from the Insurance Commissioner before passing certain rate increases on to consumers. Here's a portion of Charles Richardson's piece:

So what did the industry buy? The Judiciary Committee added language in Section 4 that will change the way insurance companies raise rates in Georgia. For all the other legal mumbo-jumbo, it comes down to a single sentence: "For all such private passenger motor vehicle insurance (rates) shall be effective upon filing and shall be implemented without approval of the Commissioner."Though insurance companies still have to go through the filing process with the insurance commissioner's office, policy holders will get a bill and be expected to pay it before the commissioner signs off on the increase. There is a smoke and mirrors caveat. Proponents of this sleight-of-hand point to the provision that requires companies to seek the insurance commissioner approval before raising rates on policies that carry mandated minimum coverages. According to Oxendine, 90 percent of policy holders carry insurance above the minimum.

Good to know you're looking out for us, there, Tom. Actually, it looks like Tom is serving those who have contributed rather richly to his campaign. A check of just his December, 2007 disclosure shows a rather tidy sum from insurance companies and their lobbyists. By the way, I noted on the disclosure that in that reporting period, Rep. Knox did not have a single contribution from an individual donor-all special interest pacs and businesses.

If any question remains about whether the insurance industry had a "special" investment in this piece of legislation, all you have to do is check the website of one of Rep. Knox's contributors, American Insurance Association. The headline, Georgia General Assembly Passes Key Auto Reform Measure is at the top of their "news releases."

On another note, when is Civil Justice PAC (trial lawyers) going to stop feeding the hand that bites it?

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