Archive for category Michael Moore
According to the description on this YouTube post, Michael Moore didn’t make any money off this film, even though it’s another masterpiece by the worlds best documentary artist who has a knack for making people laugh at tragedies which must be fixed.
I hope I’m not helping to deprive Mr. Moore of any earnings, but he is known for not trying to squeeze every last penny from his works, and just wants to help America break free from the capitalist’s embarrassing stranglehold on the citizens who worked really hard to get them where they are.
You should buy the film on Blue-ray to get the extras, which add greatly to the film and offer solutions by American businesses and leaders who want to do things to bring capitalism back into a workable sphere.
Posted by Richard Warnick in 4th Estate (Media), American People, Bailout, Capitalism, Deficit, Democracy, Disaster, Economic Exploitation, Economy, Federal Budget, Labor Unions, Liberal, Michael Moore, National Politics, Political Corruption, Poverty, Rachel Maddow, Republicans, Unemployment on March 9, 2011
This is a great speech. Awesome, worth listening to. I seriously doubt this will be seen on TV (unless it’s MSNBC). Michael Moore denounces the “financial coup d’etat” by Wall Street, then schools the Tea-GOP on Economics 101. “The rich have overplayed their hand,” he concludes. “It’s one person, one vote, and there are a hell of a lot more of us than there are of them!”
Synopsis from Milwaukee Journal Sentinel.
Madison – “America is not broke,” filmmaker Michael Moore declared in a speech to pro-labor demonstrators Saturday at the state Capitol.
“The country is awash in wealth and cash,” he said. “It’s just not in your hands.”
He said wealth has been transferred “in the greatest heist in history” from the workers to the bankers and the super-rich.
“Wall Street, the banks and the Fortune 500 now run this Republic,” he said.
Moore called Gov. Scott Walker “your soon to be ex-Governor.”
He added that there have been three major lies over the last decade:
“Wisconsin is broke. There are weapons of mass destruction in Iraq. And the Packers need (Brett) Favre to win the Super Bowl.”
Moore said people in Wisconsin “have aroused a sleeping giant, known as the working people.”
“Right now, the earth is shaking and the ground is shifting under the feet of those who are in charge,” he said. “Your message has inspired people in all 50 states: ‘We have had it.’ ”
“We are all Wisconsinites now,” he said. “We are rich with ideas and talent and hard work and love, yes love.”
“For three weeks you have stood in the cold, sat on the floor, skipped out of town to Illinois, whatever it took you’ve done it,” he said. “What is certain, Madison is only the beginning.”
BTW, the inflatable palm trees are a taunt directed at Faux News Channel’s lies about “union thugs.”
UPDATE: Michael Moore: The Smug Wealthy Have Gone Too Far — And We’re Finally Fighting Back
UPDATE: Sam Baldwin: Plutocracy Now: What Wisconsin Is Really About
Can you spot Larry Summers in this picture? Yup, that’s him.
Writing in Salon, Michael Lind offers an update on the U.S. plutonomy. Plutonomy is a term coined by Citigroup analysts in 2005, and popularized by Michael Moore in his film “Capitalism: A Love Story” (2009).
The result of a plutonomy is that the economy — particularly the financial sector — gets run largely by and for the top tiers of extremely wealthy people. One of the biggest reasons for the 2008 economic collapse was that increasingly exotic investments were created to attract investors. The top 10 percent has so much money compared to the rest of us that they ran out of opportunities for high returns in the “real” economy, and turned to real estate speculation and derivatives.
According to Moody’s Analytics… the ratio of the income of the top 10 percent of Americans to the poor has risen from 7.69-to-1 in 1968 to 14.5-to-1 in 2010.
At the same time, however, the top 10 percent of earners received 50 percent of all income, while they accounted for only 22 percent of spending. Where did the rest of their money go? Much of it went into speculation in the two waves of the bubble economy between the late 1990s and 2008. Had more of that money been in the hands of the bottom 50 percent, more of it would have been spent on consumer goods, including manufactured products, and far less would have gone to gambling on condos in Manhattan and Miami and trendy stocks.
The fact we have a plutonomy means that the wealthiest Americans are in a strong position to demand more tax cuts, but it also means that proposed tax cuts won’t create jobs or spur the “real” economy very much — while adding an estimated $3.8 trillion to the National Debt over the next 10 years.
Meanwhile, President Obama’s top adviser David Axelrod says there’s no need to have a foreclosure moratorium to stop mortgage lenders from using forged documents to evict homeowners. It’s the right thing to do, would cost the government nothing to implement, and just might get a recovery going. The White House has ruled it out.
Banksters have been cheating people on foreclosures for months, maybe years. David Axelrod says he’s just sure the Banksters will correct this aberration, and the White House is working closely with them on this important project. Axelrod expects them to “reconstruct their paperwork” quickly, and get back to the important business of evicting people from their homes.
UPDATE: Last Friday, Rush Limbaugh explained income inequality in America:
[S]ome people are self-starters, and some people are born lazy. Some people are born victims. Some people are just born to be slaves. Some people are born to put up with somebody else making every decision for them.
Limbaugh makes $37.5 million per year. For doing what, exactly?
UPDATE: Rep. Eric Cantor agrees with the Obama administration’s position on the foreclosure moratorium. The corporations who caused the mortgage meltdown are getting away with fraud (again), but nobody in Washington wants to hold them accountable. When Cantor says, “Now, come on, people have to take responsibility for themselves,” he means “except bankers.”
UPDATE: Confirmed: Official Administration Policy Is to Continue Foreclosures
Related One Utah posts:
30 Years of Tax Cuts, and Where Are the Jobs? (August 3, 2010)
Michael Moore and Plutonomy (October 4, 2009)
Posted by Richard Warnick in 4th Estate (Media), American History, American People, Bailout, Bush Failures, congress, Corruption, Democracy, Disaster, Economic Exploitation, Economy, Entertainment, Equality, Health Care, Michael Moore, National Politics, Political Corruption, Poverty, Religion, This Blog, Unemployment on October 4, 2009
Last night, I went to Moore’s latest cinematic op-ed, “Capitalism: A Love Story.” I haven’t seen a Michael Moore film since “Roger & Me.” I did watch his brilliant, short-lived network series “TV Nation” (IMHO the immediacy of television makes it a better medium for Moore).
The film introduces us to the term “plutonomy,” coined five years ago by Ajay Kapur of Citigroup Global Markets. Actually, I think “Plutonomy” would have made a better movie title (Moore originally wanted to call it “Manifesto” because this is a sort of a summation of how he thinks America has gone wrong).
In a plutonomy, Kapur wrote:
[T]he top 1% of households also account for 33% of net worth, greater than the bottom 90% of households put together. It gets better (or worse, depending on your political stripe) – the top 1% of households account for 40% of financial net worth, more than the bottom 95% of households put together.
The result of a plutonomy is that the economy — particularly the financial sector — gets run largely by and for that top 1 percent. One of the big reasons for last year’s economic collapse was that increasingly exotic investments were created to attract investors. The top 1 percent has so much money compared to the rest of us that they ran out of opportunities for high returns in the “real” economy, and turned to derivatives.
One of the funniest moments in “Capitalism” was when Moore tried to get the experts to explain derivatives and credit-default swaps in plain English. It turns out there’s no way to do that, except to just concede it’s the same as making a bet on something, like you would place with a bookie. On screen, the New York Stock Exchange trading floor morphs into a Las Vegas casino.
The top 1 percent are not believers in majority rule. When the inevitable collapse came a year ago, the House of Representatives was swamped with calls from constituents opposed to the Bush administration’s $700 billion Wall Street bailout. The House voted “no.” Then, pressure was applied and “no” turned into “yes” –against the expressed will of the vast majority of Americans.
When Moore points out the really inconvenient (to the right-wing) fact that raw capitalism is antithetical to both democracy and Christianity, he’s really saying that plutonomy is the problem. We have more than 90 percent of the votes, but the rich have found out how to make that irrelevant. Most for-profit companies are anything but democratic, yet we go to work for them every day. Hypocrites go around claiming God is on their side, but would Jesus ring the trading bell on Wall Street?
There’s a laugh-out-loud sequence where Moore has re-dubbed Max von Sydow in “The Greatest Story Ever Told.” Instead of evicting the money-changers, the capitalist Jesus extols the virtues of financial deregulation. Brought a chronically ill man in need of a miracle, Jesus pronounces it a “pre-existing condition” and says there is nothing he can do to help.
Michael Moore will be the first to admit he’s a failure, as he did in a recent interview. This movie even revisits “Roger & Me” and has a new scene of Moore, 20 years later, still trying to persuade unamused security guards to let him in to see the head of General Motors. None of his films have changed American politics. This one probably won’t either, even though it opens with an anarchic montage of bank robbery videos, features an overabundance of scary music and ends with a call to revolution based on FDR’s “Second Bill of Rights.”
But at least somebody knows what’s wrong. It’s the plutonomy, stupid. (Rated “R” because Moore asks the same question we all did when our economy went down like the Titanic and the billionaires got all the lifeboats: “What the FUCK happened?”)
UPDATE: Brewski has found the “Plutonomy” report online:
As one of the comments on the above links notes, this stuff reads like it was written by the Yes Men. A truly amazing document, which Michael Moore brought to our attention.
I’ve never meet a single person in my entire life that I didn’t disagree with, on some issue. I hate to admit it, but I’ve even wanted to end the relationship in some cases. Obama is not an exception. I am deeply pleased that a Democratic president has been legitimately elected, but I must strongly disagree with his choices on many issues.
Over the years of my fairly long life, I’ve been puzzled when leaders give corrupt or stupid figures the option to save face, but I reluctantly realize that to do otherwise could result in a last ditch effort by the target to defiantly fight back and cause more damage.
Of course Ronald Reagan gave no such courtesy to the air traffic controllers who were manifestly fired in the first shot of an ultimately successful attempt to end unions, and with it, the momentum of a middle class, the likes of which the world had never known previously. This movement had huge problems of it’s own which must include global warming, but that is obviously beyond the scope of this post.
The Deseret Morning News reported that the head of General Motors had “stepped down”, but there is no better American to report what really happened then a much demonized man who layed out the “outsourcing” and “downsizing” of our lives, long before those names had a place in our vernacular.
It took a couple of days for the reality of the Obama administration’s action to sink into Mr. Moore’s mind, but I am lifted by Michael’s glowing endorsement of our Presidents bold decision.
In case you missed it. This will stand as a defining event in the history of our media as having NAILDED how corrupt and useless the mass media has become. Main Stream Media (MSM) DIE!
Stolen word for word from Crooks and Liars
Michael Moore went off on Wolfie and CNN for a hit piece they aired about â€œSickoâ€ right before he came on. He was hot! He slapped the beard around pretty goodâ€¦He says heâ€™ll post the facts refuting their claims on his website tonight. He then attacked CNN and Blitzer for not doing their job in the run up to the war (where were you when it mattered?) and said that everything he said about the Iraq war did come to pass. He wondered why it took him so many years to get Cheney on teevee? He asked when America will get sick and tired of the â€œcrapâ€ they show.
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