Most of you are familiar with the many recent corporate and accounting scandals, with Enron, Tyco and Worldcom among the most notorious.
In response to these events, even the right-wing controlled Congress felt compelled to act, and they passed the Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act is one of the pieces of legislation that the SEC enforces, with these purposes: truthful disclosure by corporations, and honest dealing by brokers and others who sell and trade securities.
The right-wing, which advocates and rules in the interests of the richest Americans, is not happy with Sarbanes-Oxley. They don’t want more protection for the general public.
More protection means the public will keep more of its wealth, instead of losing it to the already too-rich in Enron-type schemes.
How can right-wingers continue to increase the share of the nation's wealth owned by the richest among us, if the public has all these Sarbanes-Oxley protections?
Such a concern has led the right wing to openly plot not only to reverse Sarbanes-Oxley post-Enron reforms, but even to go beyond that, and develop plans to jettison decades-old rights in the financial arena that the public has enjoyed.
Since the right knew it might lose Congress, all of this has been fashioned so that it can be accomplished without Congressional approval.
Also: a correction to last week's podcast concerning what position "Death Squad John" Negroponte currently holds.
Jack Clark 3:22 PM
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comments
Post #116305067936177556
Jack
Clark documents the right's wars on the poor,
civil liberties, the right of workers to organize
at work and obtain a decent working wage and work
conditions, and against other countries who refuse
to accept American domination. Jack provides all
the sources so that you can see for yourself how
the right is out to enrich itself at the expense
of everyone else. Great job, Jack!
Submitted By: magyarbill
awesome
show
Clark
always backs up his statements against
the right wing with fact and data, which
gives him all the more credibility.
As conglomerate media controlled by
politics clouds the mainstream news
media, Jack Clark, along with NPR and
Democracy Now! have become my primary
news source. Awesome podcast!
Submitted By: jgates118
In-Depth,
Meaty, Hardcore Knowledge
This
podcast is not just entertainment, humor,
chimp-bashing, or gee-whiz recap of
the weeks events. Instead, it hits hard
and in-depth on the world economic situation
and how right-wing policies impact the
poor and less advantaged all over the
world. He examines Americas support
of the World Bank, IMF,multinational
corporations, etc., and connects the
dots. This is a podcast for grown-ups.
He gives good reasons why the right
wing is NOT living up to its precious
Bible, without putting down the Bible.
As a Jesus-loving Christian and moderate
Democrat, I respect this podcast for
its subject matter. The grown-up manner
of the speaker is just icing on the
cake. He IS funny, but hes not trying
to be, he just has a deadpan delivery
but doesnt have to make jokes to make
it interesting. The facts make it interesting
and devastating.
Submitted By: ebrenn1
A
Breath of Fresh Air
Jack
Clarks Blast the Right podcast is truly
a breath of fresh air when it comes
to political commentary. Jack is not
like some commentators who simply climb
on their soap box and state their own
opinions as fact. Instead, Jack welcomes
competent challenges to his way of thinking,
and with logical analysis and sound
research, debunks the lies, distortions,
and self-deceptions of the right wing.
I strongly recommend Blast the Right
for people who seek the truth and care
more about the long term health and
well-being of the whole citizenry than
the short term personal gain advocated
by modern conservatives. Listen as Jack
carefully shows how the high-sounding
"God and country" rhetoric
of the right wing is really just a smokescreen
for policies that ultimately lead only
to the increased misery, suffering,
and death of the less fortunate for
the particular benefit of the wealthy
and the well-connected. And, if you
find yourself in agreement, return to
Podcast Alley to place your vote! Thanks!
