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Bill Moyers

Sunday, Sep 11, 2005 8:28 PM UTC2005-09-11T20:28:00Zl, M j, Y g:i A T

Hostages to fear

The bullies using Sept. 11 to threaten America's religious and moral freedom must be opposed with a stubbornness to match their own.

At the Central Baptist Church in Marshall, Texas, where I was baptized in the faith, we believed in a free church in a free state. I still do. My spiritual forebears did not take kindly to living under theocrats who embraced religious liberty for themselves but denied it to others. “Forced worship stinks in God’s nostrils,” thundered dissenter Roger Williams as he was banished from Massachusetts for denying Puritan authority over his conscience. Baptists there were a “pitiful negligible minority,” but they were agitators for freedom and therefore denounced as “incendiaries of the commonwealth” for holding to their belief in that great democracy of faith — the priesthood of all believers. For refusing to pay tribute to the state religion they were fined flogged, and exiled.

In 1651 Baptist Obadiah Holmes was given 30 stripes with a three-corded whip after he violated the law and took forbidden Communion with another Baptist in Lynn, Mass. His friends offered to pay his fine for his release but he refused. They offered him strong drink to anesthetize the pain of the flogging. Again he refused. It is the love of liberty, he said, “that must free the soul.”

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Monday, Feb 13, 2012 10:48 PM UTC2012-02-13T22:48:00Zl, M j, Y g:i A T

America’s billionaire-run democracy

Whichever candidate wins the 2012 presidential election will have been bought and paid for by the 1 percent

ging_obama_rom

 (Credit: AP)

Watching what’s happening to our democracy is like watching the cruise ship Costa Concordia founder and sink slowly into the sea off the coast of Italy, as the passengers, shorn of life vests, scramble for safety as best they can, while the captain trips and falls conveniently into a waiting life boat.

We are drowning here, with gaping holes torn into the hull of the ship of state from charges detonated by the owners and manipulators of capital. Their wealth has become a demonic force in politics. Nothing can stop them. Not the law, which has been written to accommodate them. Not scrutiny — they have no shame. Not a decent respect for the welfare of others — the people without means, their safety net shredded, left helpless before events beyond their control.

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Michael Winship is senior writing fellow at Demos and a senior writer of the new series, Moyers & Company, airing on public television.   More Michael Winship

Monday, Feb 6, 2012 8:00 PM UTC2012-02-06T20:00:00Zl, M j, Y g:i A T

The truth about Newt’s favorite punching bag

Saul Alinsky wasn't a socialist and has no ties to Obama. He was a populist patriot who fought for workers' rights

alinsky_gingrich

 (Credit: A{)

And now, a word about a good American being demonized, despite being long dead. Saul Alinsky is not around to defend himself, but that hasn’t kept Newt Gingrich from using his name to whip up the froth and frenzy of his followers, whose ignorance of the man is no deterrence to their eagerness, at Gingrich’s behest, to tar and feather him posthumously.

In his speeches, Gingrich pounds away at variations on the theme like the piano player in a cheap Western saloon. He declares, “The centerpiece of this campaign, I believe, is American exceptionalism versus the radicalism of Saul Alinsky,” or, “I believe in the Constitution, I believe in the Federalist Papers. Obama believes in Saul Alinsky and secular European socialist bureaucracy.”

It’s all quite clever and insidious, a classic lesson in how to slander someone who cannot answer from the grave, reminiscent of the tactics Gingrich used in those GOPAC memos back in 1996, when he suggested buzzwords and phrases to demonize opponents: corrupt, decay, pathetic, permissive attitude, self-serving and, of course, radical.

In the case of Saul Alinsky, most of the crowd knows nothing about the target except that they’re supposed to hate him. And why not? There’s the strange foreign name – obviously an alien. One of them. And a socialist at that. What’s a socialist? Don’t know — but Obama’s one, isn’t he? Barack Hussein Obama, Saul Alinsky – bingo! Two peas in a pod, and a sinister, subversive pod at that.

But just who was Alinsky, really? Born in 1909, in the ghetto of Chicago’s South Side, he saw the worst of poverty and felt the ethnic prejudices that fester, then blast into violence when people are crowded into tenements and have too little to eat. He came to believe that working people, poor people, put down and stepped upon, had to organize if they were going to clean up the slums, fight the corruption that exploited them, and get a handhold on the first rung of the ladder up and out.

He became a protégé of labor leader John L. Lewis and took the principles of organizing into the streets, first in his hometown of Chicago, then across the country, showing citizens how to band together and non-violently fight for their rights, then training others to follow in his shoes. Along the way, Alinsky faced down the hatred of establishment politicians, attacks both verbal and physical, and jail time. He was a gutsy guy. Outspoken, confrontational, profane with a caustic wit, one journalist said he looked like an accountant and talked like a stevedore. He had a flair for the dramatic, once sending a neighborhood to dump its trash on the front step of an alderman who was allowing the garbage to pile up. Or immobilizing city hall, a department store or a stockholders meeting with a flood of demonstrators demanding justice.

One thing Newt has right — Saul Alinsky was a proud, self-professed radical. Just look at the titles of two of his books – “Reveille for Radicals” and “Rules for Radicals.” But a communist or socialist he was not. He worked with them on behalf of social justice, just as he worked alongside the Catholic archdiocese in Chicago. When he went to Rochester, N.Y., to help organize the African-American community there after a fatal race riot, he was first invited by the local Council of Churches. It was conscience they all had in common, not ideology.

As far as his connection with Barack Obama, the president was just a kid in Hawaii when Alinsky died, something you would expect a good historian, as Gingrich claims to be, to know. The two men never met, although when Obama arrived on the South Side of Chicago as a community organizer, some of his grass-roots work with the poor was with an Alinsky-affiliated organization.

But that’s how it goes in the fight for basic human rights. Alinsky’s influence crops up all across the spectrum, even in the Tea Party. Get this: According to the Wall Street Journal, the conservative holy of holies, the one-time Republican majority leader in the House of Representatives, Dick Armey, whose Freedomworks organization helps bankroll the Tea Party, gives copies of Alinsky’s “Rules for Radicals” to Tea Party leaders.

Watch out Dick – you could be next on Newt’s list, although, curiously, in his fight against the wealthy Mitt Romney, Gingrich himself has stolen a page from Alinsky’s populist playbook. After Romney beat him in the Florida primary, Newt insisted he would continue the fight for the nomination and shouted, “We’re going to have people power defeat money power,” a sentiment that was Saul Alinsky through and through.

Alinsky died, suddenly, in 1972. At the time, he was planning to mount a campaign to organize white, middle-class Americans into a national movement for progressive change, a movement he vowed to take into the halls of Congress and – his words — “the boardrooms of the megacorporations.”

Maybe that’s why Newt Gingrich has been slandering Alinsky’s name. Maybe he’s afraid, afraid that the very white folks he’s been rousing to frenzy will discover who Saul Alinsky was – a patriot in a long line of patriots, who scorned the malignant narcissism of duplicitous politicians and taught everyday Americans to think for themselves and fight together for a better life. That’s the American way, and any good historian would know it.

Michael Winship is senior writing fellow at Demos and a senior writer of the new series, Moyers & Company, airing on public television.   More Michael Winship

Monday, Jan 30, 2012 7:07 PM UTC2012-01-30T19:07:00Zl, M j, Y g:i A T

Wall Street’s gilded frat party

At an opulent annual blowout, bailed-out bankers haze newbies, mock OWS and show just how out of touch they are

wallstreet2

 (Credit: Library of Congress)

A week or so ago, we read in The New York Times about what in the Gilded Age of the Roman Empire was known as a bacchanal – a big blowout at which the imperial swells got together and whooped it up.

This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.  That’s the very exclusive Wall Street fraternity of billionaire bankers, and private equity and hedge fund predators. People like Wilbur Ross, the  vulture capitalist; Robert Benmosche, the CEO of AIG, the insurance giant that received tens of billions in bailout money; and Alan “Ace” Greenberg, former chairman of Bear Stearns, the failed investment bank bought by JPMorgan Chase.

They got together at the St. Regis Hotel off Fifth Avenue to eat rack of lamb, drink and haze their newest members, who are made to dress in drag, sing and perform skits while braving the insults, wine-soaked napkins and petit fours – those fancy little frosted cakes — hurled at them by the old guard. In other words, a gilt-edged Animal House, food fight and all.

This year, the butt of many a joke were the protesters of Occupy Wall Street. In one of the sketches, the bond specialist James Lebenthal scolded a demonstrator with a face tattoo, “Go home, wash that off your face and get back to work.” And in another, a member — dressed like a protester – was told, “You’re pathetic, you liberal. You need a bath!”

Pretty hilarious stuff. The whole affair’s reminiscent of the wingdings the robber barons used to throw during America’s own Gilded Age a century and a half ago, when great wealth amassed at the top, far from the squalor and misery of working stiffs. Guests would arrive in the glittering mansions for costume balls that rivaled Versailles, reinforcing the sense of superiority and the virtue of a ruling class that depended on the toil and sweat of working people.

That’s consistent with the attitude expressed by several of these types after Occupy Wall Street sprung up; bankers told the Times on the record that they could understand the anger of the protesters camped on their doorstep;  but privately, a  hedge manager said, “Most… view [it] as ragtag group looking for sex, drugs, and rock ’n’ roll.”

So sayeth the winners in our winner-take all economy. The very guys who were celebrating at the St. Regis because they were too big to fail. Even when they fell flat on their faces, the government was there to dust them off, bail them out and send them back to fight the class war with nary a harsh word or punishment. Talk about a nanny welfare state.

None of this was by accident. The last three decades have witnessed a carefully calculated heist worthy of Robert Redford and Paul Newman in “The Sting” — but on a massive scale. It was an inside job, politically engineered by Wall Street and Washington working hand-in-hand, sticky fingers with sticky fingers, to turn the legend of Robin Hood on its head – giving to the rich and taking from everybody else. Don’t take our word for it – it’s all on the record.

The biggest of the big boys was Citigroup, at one time the world’s largest financial institution. When the meltdown hit in 2008, the bank cut more than 50,000 jobs and you and other taxpayers shelled out more than $45 billion to save it. And how are Citigroup executives doing? Nicely, thank you. Last year, its CEO, Vikram Pandit, took home $1.75 million in base salary, and was awarded $3.7 million in deferred stock.

According to the Times, “Citigroup is expected to disclose the rest of his pay, cash, be it upfront or deferred, in March. In addition, while not necessarily for work performed in 2011, Mr. Pandit last year was awarded a $16.7 million retention bonus, plus stock options that could add $6.5 million to the package’s overall value.” Makes you want to cry out, “Retain me! Retain me!”

To be fair, Vikram Pandit was at the World Economic Summit in Davos, Switzerland last week, where he told Bloomberg News, “It’s important for the financial system to acknowledge that there’s a great deal of anger directed at it… Trust has been broken. Banks have to serve clients, not serve themselves.” What’s more, he has said that the “sentiments” expressed by Occupy Wall Street demonstrators were “completely understandable.”

This, in contrast to the financial industry official who told a reporter that the protesters’ issues were “a lot of sound and fury, signifying nothing.” Or, as they used to say while partying down at the court of Louis XVI and Marie Antoinette, let them eat petits fours.

Michael Winship is senior writing fellow at Demos and a senior writer of the new series, Moyers & Company, airing on public television.   More Michael Winship

Monday, Jan 23, 2012 10:20 PM UTC2012-01-23T22:20:00Zl, M j, Y g:i A T

The Wall Streeters Obama loves most

The president may call them "fat cats" in public, but far too many of his closest advisors are former bankers

President Barack Obama speaks about the resignation of White House Chief of Staff Bill Daley, right, Monday, Jan. 9, 2012

President Barack Obama speaks about the resignation of White House Chief of Staff Bill Daley, right, Monday, Jan. 9, 2012  (Credit: AP Photo/Susan Walsh)

We’ve already made our choice for the best headline of the year, so far:

“Citigroup Replaces JPMorgan as White House Chief of Staff.”

When we saw it on the website Gawker.com we had to smile — but the smile didn’t last long.  There’s simply too much truth in that headline; it says a lot about how Wall Street and Washington have colluded to create the winner-take-all economy that rewards the very few at the expense of everyone else.

The story behind it is that Jack Lew is President Obama’s new chief of staff — arguably the most powerful office in the White House that isn’t shaped like an oval. He used to work for the giant banking conglomerate Citigroup. His predecessor as chief of staff is Bill Daley, who used to work at the giant banking conglomerate JPMorgan Chase, where he was maestro of the bank’s global lobbying and chief liaison to the White House.

Daley replaced Obama’s first chief of staff, Rahm Emanuel, who once worked  as a rainmaker for the investment bank now known as Wasserstein & Company, where in less than three years he was paid a reported eighteen and a half million dollars.

The new guy, Jack Lew – said by those who know to be a skilled and principled public servant – ran hedge funds and private equity at Citigroup, which means he’s a member of the Wall Street gang, too.  His last job was as head of President Obama’s Office of Management and Budget, where he replaced Peter Orzag, who now works as vice chairman for global banking at – hold onto your deposit slip — Citigroup.

Still with us? It’s startling the number of high-ranking Obama officials who have spun through the revolving door between the White House and the sacred halls of investment banking. Sure, you can argue that it makes sense that the chief executive of the nation would look to other executives for the expertise you need to build back from the disastrous collapse of the banks in the final year of the Bush Administration.

Remember — it was Bush and Cheney with their cronies in big business who helped walk us right into the blast furnace of financial meltdown, then rushed to save the banks with taxpayer money. That little fact seems to have been overlooked in the current primaries.

All this brings back memories of Hank Paulson, doesn’t it? Hank Paulson, the $700-million man who became secretary of the treasury for President Bush. Paulson had been head of Goldman Sachs, the rich investment bank.  As his successor at Goldman Sachs, Paulson chose Lloyd Blankfein. Several times, according to Bloomberg News, Rolling Stone,and Paulson’s own memoir, the treasury secretary made sure Blankfein and Goldman got privileged inside information.

But Bush and Cheney aren’t the only ones to have a soft spot for financiers. President Obama may call bankers “fat cats” and stir the rabble against them with populist rhetoric when it serves his interest, but after the fiscal fiasco, he allowed the culprits to escape virtually scot-free. When he’s in New York he dines with them frequently and eagerly accepts their big contributions.  Like his predecessors, his administration also has provided them with billions of taxpayer dollars – low-cost money that they used for high-yielding investments to make big profits. The largest banks are bigger than they were when he took office and earned more in the first two-and-a-half years of his term than they did during the entire eight years of the Bush administration. That’s confirmed by industry data.

And get this. It turns out, according to The New York Times, that as President Obama’s inner circle has been shrinking, his “rare new best friend” is Robert Wolf. They play basketball, golf and talk economics when Wolf is not raising money for the president’s campaign.

Robert Wolf runs the U.S. branch of the giant Swiss bank UBS, which participated in schemes to help rich Americans evade their taxes. During hearings in 2009, Michigan’s Senator Carl Levin, chairman of the permanent subcommittee on investigations, described some of the tricks used by UBS: “Swiss bankers aided and abetted violations of U.S. tax law by traveling to this country with client code names, encrypted computers, counter- surveillance training, and all the rest of it, to enable U.S. residents to hide assets and money in Swiss accounts.

“The bankers then returned to Switzerland and treated their conduct as blameless since Swiss law says tax evasion is no crime. The Swiss bank before us deliberately entered United States, actively sought U.S. clients and secretly helped those U.S. clients defraud the United States of America.”

And so it goes, the revolving door between government service and big money in the private sector spinning so fast it becomes an irresistible force hurling politics and high finance together so completely it’s impossible to tell one from the other.

Michael Winship is senior writing fellow at Demos and a senior writer of the new series, Moyers & Company, airing on public television.   More Michael Winship

Tuesday, Jan 17, 2012 9:05 PM UTC2012-01-17T21:05:00Zl, M j, Y g:i A T

The fight to save the American dream

It's not "class warfare." People have just realized how extreme inequality is wrecking our country

Protesters affiliated with the Occupy Wall Street march for economic justice in New York January 16, 2012

Protesters affiliated with the Occupy Wall Street march for economic justice in New York January 16, 2012  (Credit: Reuters/Eduardo Munoz)

If you’re part of the one percent, even getting fired comes with a cushion made of eiderdown. GMI, a research company that gets paid to keep an eye on such things, just issued a study headlined, “Twenty-One U.S. CEOs with Golden Parachutes of More than $100 Million.” That’s each.

The report’s authors, Paul Hodgson and Greg Ruel, write, “These 21 CEOs walked away with almost $4 billion in combined compensation. In total, $1.7 billion in equity profits was realized by these CEOs, primarily on the exercise of time-vesting stock options and restricted stock.”

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Michael Winship is senior writing fellow at Demos and a senior writer of the new series, Moyers & Company, airing on public television.   More Michael Winship

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