I am shocked, shocked that there was gambling in our pension insurance system

It sounds like a Washington-based thriller, but it's today's news.

The former head of the nation's pension insurance agency, who last year pushed through a high-risk strategy that shifted the insurance fund heavily into stocks just before the market crash, committed a "clear violation" of agency rules by contacting Wall Street firms that were bidding to oversee the new policy, while also seeking the help of one firm in gaining employment, according to a government report.

All it would need is a murder and an investigator trying to salvage his tattered reputation to sell for $16.95 in paperback!

Seriously, folks, although what Charles E.F. Millard (and I am not making that name up) is alleged to have done is disgusting, he is not the problem. We have a system that makes this kind of thing possible, and close to inevitable. We saw the same kind of malfeasance and self-dealing 20+ years ago, in the Savings & Loan scandal. As I wrote on March 31: "We cannot rely on capitalism to save us from the shortfalls of capitalism. It takes serious government policy, made by grown-ups, to do that. "

Obama Silent on Corporate Power

Progressives in Somerville, as elsewhere, have invested a lot of hope in an Obama presidency. After the Bush administration's systematic attack on rights, liberties, and the common good, Obama can hardly help doing better! Yet on some of the most basic issues, Obama has been silent.

Issue #1: Corporate power. It's refreshing that the Obama-Biden campaign pledged to protect consumers. On issues like mortgage fraud, predatory credit card lending, and bankruptcy laws, the new administration has taken positions we should support, and there are plenty of other examples. We have to ask, though: why have Democrats not addressed these issues already? It's not because they just discovered the issues. It's because any attempt to help the majority of us runs into the buzzsaw of corporate power.

• Corporate leaders directly intervene in elections by supporting some candidates over others. Obama may be less indebted to corporate funds than most candidates because of his ability to collect small donations in large numbers--but he has to work with Congress, most of which is already bought and paid for.
  

• Corporate lobbyists have tight relationships of long standing with the Congressional committees that write laws and the bureaucracies that create and enforce policies in that corporation's line of work. These "iron triangles" are part of the reason the country is in the mortgage/foreclosure/banking crisis we are in right now. Out of sight, they worked in corporate interests and against the public interest.
  

• Corporate capital often gets what it wants without bribes or explicit threats. They just say that a given policy would not be good for "the economy." (When I hear "the economy" these days, I think of men in $2,000 suits getting $2,000,000 bonuses for crashing their companies.) Or they say that if a certain policy were passed, it would "cost jobs." This is a threat in disguise. Jobs don't just disappear. Corporate leaders slash positions when they are not making the profits they want--which are much higher now than corporate profits have ever been!
  

The whole liberal idea is to use government power to rein in corporate power. Unfortunately, and especially in the era of globalization, corporate power has been stronger. Barack Obama shows no signs of recognizing this problem, let alone using people power as the solution. So, it's up to us.

If The People Lead The Leaders Will Follow

Time for a Change--but We Must Make It Happen

The results of last night's election are about as good as I could have wished. Obama-Biden won by a large enough margin that no amount of cheating could affect the outcome. Democrats widened their lead in Congress, and progressives held onto their seats. There's still a chance that Al Franken could become the next Senator from Minnesota. Most important to me personally, Massachusetts voted 2-1 against eliminating the state income tax.

It' s still important that every vote be counted--and that attempts to suppress the vote be identified and punished. Whoever tried to use text messages and Facebook to convince college students the election date had been moved should go to jail!

So, I hope everyone enjoyed last night. It's time to get back to work. The campaign isn't over. If we really want change, we're going to have to make it happen.

What? Am I really saying we can't leave everything in Obama's hands? Yes, I am. For one thing, that's not democracy: that's electing a king. For another, Obama has never called for the changes I believe in. He's a 21st-century liberal who wants to tinker around the edges of government, not revolutionize it. Even to get done what he says he wants to do, however, he will need us to give him visible, vocal support, to overwhelm the opposition he will face and to stiffen his own political backbone.

So, over the next few days, I'm going to be exploring these kinds of change:

• the ones Obama has pledged to make
• the ones he hasn't addressed which we vitally need
• the wrongheaded policies Obama has proposed, where we will need to change him--or defeat him.

What would you put on the list? Write me and let me know.

Our Work Begins on Wednesday

In the progressive circles in which I travel, it's almost a cliche already: "The election is Tuesday, but our work really begins on Wednesday." What does this mean?

With any luck, all this week, I'll be exploring what people who care about justice and peace should be doing to push their agenda during an Obama administration. First, though, what if the election is stolen?

This is not a paranoid question. There is some reason to believe that both the 2000 and 2004 elections would have ended differently if many voters hadn't been removed from the rolls before the balloting began (let alone if all the votes had been counted or if the Supreme Court hadn't pulled a coup). Investigative reporter Greg Palast and voting rights attorney Robert F. Kennedy, Jr. have found that the laws passed to make voting cleaner since then have actually made things worse.

How do we steal the election back? According to Palast and Kennedy:

• Today, DO NOT ACCEPT A "PROVISIONAL" BALLOT. Chances are good it will never be counted. If someone tells you you're not entitled to vote, call a voter's rights hotline like 1-866-OUR-VOTE. Insist that your claim be adjudicated on the spot. Don't worry about slowing down the voting process: it's your right!

• Report any voting rights violations you are aware of: http://www.nomorestolenelections.org/addreport.

• Tomorrow, if you have been prevented from voting, pursue legal action. If it's good enough for the Obama campaign, it's good enough for you!
  

PLAN TO ASSEMBLE ON WEDNESDAY - Go to the No More Stolen Elections website and look for a Voter Assembly in or near your community. If you don't see one, organize one. Go to: http://www.NoMoreStolenElections.org/va.