My latest Th!nk3: Developing World post:

"We Bolivians think that in the future we can help other countries who may need our support. That's our vision!"

Ruben Hilari

Watch the video at:

Blogging for Bolivia: Ruben’s Vision

Going by an article in the NY Times by Paul Krugman it seems that the Obama administration is also feeling the hate and subsequent bullying from many corporations. In a time where the wealthy have incredible power & influence and countries are being weighed down by debt and a lack of affordable services...and unregulated markets have proven themselves to be unsustainable and not trustworthy, it seems that any attempt to redistribute a percentage of these obscene corporate profits to the rest of the community is being met with a corporate rage that parallels that immediately post-9/11.

So here’s how it is: They’re as mad as hell, and they’re not going to take this anymore. Am I talking about the Tea Partiers? No, I’m talking about the corporations.

Look, for example, at the campaign contributions of commercial banks — traditionally Republican-leaning, but only mildly so. So far this year, according to The Washington Post, 63 percent of spending by banks’ corporate PACs has gone to Republicans, up from 53 percent last year. Securities and investment firms, traditionally Democratic-leaning, are now giving more money to Republicans. And oil and gas companies, always Republican-leaning, have gone all out, bestowing 76 percent of their largess on the G.O.P.

These are extraordinary numbers given the normal tendency of corporate money to flow to the party in power. Corporate America, however, really, truly hates the current administration. Wall Street, for example, is in “a state of bitter, seething, hysterical fury” toward the president, writes John Heilemann of New York magazine. What’s going on?

One answer is taxes — not so much on corporations themselves as on the people who run them. The Obama administration plans to raise tax rates on upper brackets back to Clinton-era levels. Furthermore, health reform will in part be paid for with surtaxes on high-income individuals. All this will amount to a significant financial hit to C.E.O.’s, investment bankers and other masters of the universe.

So there we have it. The rage against the fair-goers.

Bill Clinton speaking recently to Yale graduates put the state of our planet quite aptly:

 "It is too unstable; it is too unequal, and it is completely unsustainable."

NO LONGER EYES WIDE SHUT

N'