That pricey apartment shout-show host Rush Limbaugh seeks to unload for about $14 million — you know, the gaudy palace with not one but two grand views of Central Park and environs — sits in zip code 10128, down by Fifth Avenue and 86th.

The 62,000 or so folks in that Upper East Side zip code who don’t rent live in domiciles worth, on average, just under a million bucks. And those people in 10128 have donated $1.7 million in the 2010 election cycle to federal candidates, national parties, or PACs. (Sorry, Rush: Your neighbors preferred Democratic entities.)

But the folks in 10128 are cheapskates compared with the real money farther south on Fifth Avenue. The 100,000-plus people who live in 10021 have given $3.3 million. In fact, eight zip codes surrounding Central Park rank in the top 20 zip codes nationally in political giving by individuals for this election cycle, their residents having coughed up $17.4 million. 10021, 10022 and 10024 are the top three individual donor zip codes in the nation.

I was going to tell you this a few months ago. I had intended to point out that zip codes in and around Washington, D.C., where the real money is, ponied up $22.9 million in this election cycle. I’d planned to tell you that individuals in the top 50 zip codes in the nation had so far contributed nearly $74 million to federal candidates or committees.

But these numbers summarizing individual donations direct to candidates or parties have become meaningless. That means I will likely end four years of writing about them.
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I know, I know. The two words leave you ROTFL: Congressional ethics.

But this gets funnier. First, House members determine the legal but unsavory and corrupt behaviors that keep them collecting that $174,000 paycheck with generous federal health and retirement bennies. Then they reverse-engineer the ethics code to make all those behaviors ethical. Every now and then they pass serious, consequential ethics reform and lard up a press release touting it, as Rep. Nancy Pelosi, freshly minted as House speaker, did three years ago:

House Democrats got straight to work this week by passing the toughest Congressional ethics reform in history. We have broken the link between lobbyists and legislation: banning gifts and travel from lobbyists and organizations that retain or employ them, banning travel on corporate jets, shutting down the K Street project, subjecting all earmarks to the full light of day …

Oh, don’t stop there, House felons solons. When public outrage rises again, given that Pelosi’s “serious and substantive steps to ensure Congress governs with the highest ethical steps” didn’t work out so well, pass even more ethics reform. This time, pass a bill in 2008 that creates what Common Cause said was “a monumentally important resolution to create an independent, bipartisan panel of non-lawmakers to help review and investigate possible ethics violations by House members.” [emphasis added] Full Story »

John Kerry, a Massachusetts Democrat, is the richest member of the club known as the United States Senate with a personal fortune estimated at $167 million. But if Mortimer B. Zuckerman has his way, Kerry will be number two — by many, many hundreds of millions of dollars.

In fact, if New York real estate mogul and media kingpin Zuckerman becomes a U.S. senator, his own wealth would be almost four times the 2008 net worth of all U.S. senators — about $650 million.

Zuckerman, who owns The New York Daily News and U.S. News & World Report, is worth about $2 billion, according to The New York Times. And in a story Friday based largely on “two people told of the discussions,” The Times says Zuckerman is considering taking on lightweight Democrat Kirsten E. Gillibrand, current occupant of that Senate seat. A former Tennessee congressman, Harold E. Ford Jr., is also taking aim at Gillibrand.

So — does the U.S. Senate need a 72-year-old billionaire driving up the age of an already elderly Senate? The Congressional Research Service reports that the average age of senators, a little more than 63 years old, at the beginning of 2009 was among the highest ever.
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Still think this health insurance bill wouldn’t be a massive gift to the insurance companies? Then you should definitely read this Raw Story write-up of my nearly hour-long interview with former Cigna executive-turned-whistleblower Wendell Potter, in which he details all the ways insurers can game the proposed health insurance legislation:

Wendell Potter, a twenty-year veteran of the insurance industry and former vice president of communications for Cigna, warns that current healthcare legislation does nothing to prevent the insurance industry from continuing its ongoing practice of increasingly shifting healthcare costs to consumers.

A form of bait-and-switch, such practices often set up individuals, families and small businesses for inadequate or unaffordable access and a continued looming threat of financial ruin. The overlooked element, Potter says, is that insurance companies will be able to claim they are reducing premiums by forcing more Americans to pay higher deductibles and offering less coverage.

READ THE FULL STORY

Add up every nickel and dime recorded by the Federal Election Commission and state election commissions in this decade now ending. Result: Americans have given more than $24.2 billion in campaign contributions to federal and state incumbents and challengers.

Contributions to all federal candidates for House and Senate seats and the presidency from the 2000 through 2010 election cycles totaled $9.7 billion, according to an S&R analysis of records aggregated by the Center for Responsive Politics.

Contributions to candidates and committees in all 50 states, from 2000 through 2009, totaled about $14.5 billion, according to records aggregated by the National Institute on Money in State Politics.

In this decade, thanks to computerization of records and a few top-notch, non-partisan organizations, we’ve learned how to follow the money. Well, so what? Has vastly increased public visibility of political money changed the way politics operates?
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Read it and weep:

Over 6,600 uninsured veterans will die by 2013: estimate

A Raw Story analysis, based on a recent Harvard Medical School study, estimates that 135,000 American citizens and over 6,600 US veterans will die due to a lack of health insurance before current proposed healthcare reform measures would take effect.

One hundred and thirty-five thousand US lives far exceeds the total number of Americans who died in the Korean War, the Vietnam War and the attacks of 9/11 combined. The lives of over 6,600 US veterans is more — by over 1,300 — than the total number of US soldiers who have thus far died in both the Iraq and Afghanistan wars.

Dr. Steffie Woolhandler, a professor of medicine at Harvard University and co-author of the Harvard Medical School study, called Raw Story’s estimates “quite reasonable.”

Read the rest… (great insights from experts throughout, including a veterans’ advocate who discusses the correlation between lack of proper healthcare and the military’s suicide epidemic)

What drives a man or a woman to spend millions of dollars — even tens of millions — of his or her own money to get a job that would place the words senator, representative, governor, or mayor in front of his or her name? For most of us unwashed heathens, the multiple millions of their own money these financial elites spend on their political campaigns represent seemingly staggering amounts.

But viewed in the rarified context of the very wealthy, the amounts are petty cash.

For example, former eBay chief executive Meg Whitman has put $19 million so far into her campaign for governor of California — but that’s barely 1.5 percent of her $1.3 billion fortune.

Whitman has “publicly floated the notion of a record-shattering $150-million campaign budget” — but even if she financed $100 million of that herself, that still would only be 7.7 percent of her billion-dollar-plus wallet. Full Story »

Let’s say you’re Sen. John Dough. You’re running for re-election. You need money. Often, you have to travel to where the money is to get it. Say, in Los Angeles. So you fly. But you wish to avoid flying commercial. Too much time wasted. Too many hassles, mingling among the proletariat in lines and in the damn crowded plane.

Back in the good ol’ days, you’d merely text your old pal I.B. Loaded, CEO of Amalgamated Rules Bender Inc. Loaded’s given you tons of cash over the years for your campaigns. He, his wife and children, his employees, his vendors — all have seen the wisdom of slipping dough to you, your official campaign committee, and, of course, your “Leadership PAC.”

And, of course, Loaded would have his Gulfstream V (I mean, rather, his corporate-owned private jet) fly into Reagan National to pick you up (after, of course, a taxpayer-paid car and driver deposited you, your luggage, and golf clubs there). Loaded himself would be on the plane to entertain you and see to your every need. After you’d both consumed a few hits from Loaded’s stash of 40-year-old Glen Garioch, he’d probably steer the conversation into an arcane tax-policy issue that would likely benefit Amalgamated Rules Bender Inc. to the tune of millions of dollars.

You’d be the only passenger on a sophisticated jet costing $59 million with an hourly operating cost of about $7,000. Yet, before 2007, you’d only pay the cost of first-class airfare to LA — maybe a grand or less, depending on discounts. Then Congress shut the door to corporate-provided air travel by passing the Honest Leadership and Open Government Act.

And this week, those idiots at the Federal Election Commission reopened the door.
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Former Rep. William J. Jefferson, a Louisiana Democrat, is off to prison. In August, a jury told him that bribery, racketeering and money laundering were not acceptable behaviors for anyone, let alone a member of Congress.

As a felon, Jefferson has had equally despicable company: Rep. Andrew J. Hinshaw, R-Calif. (accepting a bribe); Rep. Charles Diggs Jr., D-Mich. (payroll kickback scheme); Rep. Michael Myers, D-Pa. (accepting bribes from FBI agents impersonating Arab businessmen); Reps. John Murphy, D-N.Y., Frank Thompson, D-N.J., John Jenrette, D-S.C., and Raymond Lederer, D-Pa. (Arab businessmen bribery scandal, a.k.a. Abscam).

And Rep. Mario Biaggi, D-N.Y. (extorting money from a defense contractor); Rep. Mel Reynolds, D-Ill. (sex with underage campaign worker, bank fraud); Rep. Walter Tucker III, D-Calif. (accepting and demanding bribes); Rep. Dan Rostenkowski, D-Ill. (felony mail fraud); Rep. James A. Trafficant, D-Ohio (bribery, conspiracy and racketeering); Rep. Randy “Duke” Cunningham (accepting bribes from defense contractors) and Robert W. Ney, R-Ohio (Abramoff scandal). I’m sure readers can name more. Full Story »

Mr. President, Mr. Vice President, Speaker Pelosi, Majority Leader Reid, Senator Bennet, Senator Udall, Representative DeGette:

As we all know, the nation has been alive with discourse of all flavors over the current state of the health care system and the insurance industry. Recently, Senator Baucus has brought forth his proposal, dubbed by some critics (rightly so, in my opinion) the “Insurance Industry Profit Protection and Enhancement Act.”

Please listen: The very reason we need the government to intervene is because millions of us have a Sword of Damocles hanging over our heads. Private industry has already proven that it cannot be trusted to look out for its bottom line and simultaneously safeguard and maintain the health of the American people, even if some of us are misguidedly rallying in the streets against our interests at the urgings of their preferred Chicken Littles of media and industry.

It is my belief that what needs to be accomplished is the affirmation of every American citizen’s right to a basic level of health, security and well-being above a private company’s right to make a profit, which it currently does in part by conveniently discounting and disregarding its customers’ human rights at its whims. Private insurers need to know, as my mother would say, that “your rights stop where another one’s starts.” Full Story »

My new Democratic congressman, who barely bested an entrenched Republican, has disappointed. Rep. Eric Massa, NY-29, has parted with his most cherished, pre-election promise. He has gained power; now, like all members of Congress, he wishes to keep it. Now he’ll take the “tainted” money other politicians do and fabricate a specious reason for doing so.

Flip, from 2007:

I promise that when I am elected to Congress, I will always put the American public above everything else. Unlike 99.9% of Congressional Candidates, I have never accepted a single cent of Corporate PAC money … [emphasis added]

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I don’t know what to make of the monstrosity that is the Waxman-Markey American Climate, Energy, and Security Act (ACES) that just passed the House Energy and Commerce Committee (E&C). It’s nearly 1000 pages long and initially faced at least 449 Republican amendments. It’s a mess.

After thinking about it for a while, I’ve concluded that it’s just not worth driving myself crazy trying to determine whether ACES is “better than nothing” or whether it “sucks so bad it must be killed.” We’re less than a week into a process that could make ACES unrecognizable by the time it’s done, and so tearing my hair out over whether it’s enough today is an exercise in futility. Full Story »

Let’s go back to one month after 9/11.  The country just suffered its worse terrorist attack in the nation’s history and was going through another.  Weaponized anthrax was being sent through the mail targeting politicians and the 4th estate. The intelligence agencies failed catastrophically and didn’t cooperate with each other. The nation panicked and didn’t know if it could protect itself.

The response? The USA PATRIOT Act. Full Story »

Perhaps because my middle name is “Gullible,” I’d like to trust my new representative in Congress to act wisely, unselfishly, and nobly on my behalf. I’d like to trust his 434 brethren and the 100 senators to do so as well. I’d like the lofty words they speak in the wells of the House and Senate to be accompanied by similarly lofty, well-thought-out actions designed solely to improve the lot in life of me and my 312 million fellow citizens.

But … I doubt it. An obstacle lies squarely in the path of politicians’ ability or willingness to act sensibly and selflessly. That obstacle is money. Or, rather, the pursuit of it to grasp and maintain power, prestige, and wealth.

Despite any number of outrageous conflations of influential wealth and influenced legislation, and despite the protestations of the masses with fewer dollars over the power of the few with many dollars, and despite the laughable “reforms” Congress attempts occasionally, money is not going to leave politics.
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Beginning in 2010, the number 722,000 will rule state-by-state congressional politics. When the Census Bureau finishes counting Americans, it’s expected to find that the U.S. population will have increased from about 281 million in 2000 to 315 million. Many states will face reapportionment based on about 722,000 residents per district — gaining or losing seats in the House of Representatives according to the states’ populations as determined by the 2010 census.

State populations in the South and Southwest will have grown appreciably more than in the Midwest and Northeast, reflecting immigration and migration trends that took root after World War II. Consequently, the shift of political power from the latter to the former will continue (see map). For example, the population of California, the most populous state in the union and larger than all but 34 nations, will grow nearly 8 percent from 2000 to 2010 — but California will lose a seat in the House.

Following redistricting is important because reapportionment and redistricting may shift power in the House of Representatives. How great a shift depends on an intricate political calculus involving party control of legislatures and governorships.

This decennial dance may determine which party is best positioned to retain or regain control of the House following 2012 elections. Full Story »

What is the meaning — or at least a meaning — of today’s election?

I asked the juniors and seniors in my opinion-writing course to consider that today by looking into:

• How many state legislatures have both chambers controlled by one party? Will that number increase for either party?
• Will governorships contested today change from one party to another?
• What is the party split in the House of Representatives today, and what might it be tomorrow?
• What is the makeup of the Senate today, and what might it be tomorrow?

It required only about half an hour of basic Web research to answer those questions. In other words, they found that the significance of today’s election might be this: How big are Sen. Barack Obama’s coattails, and what might that mean?
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Men who commanded other men in the age of close-order battle often wrote of the tell-tale signs of a rout. It seems that, in watching the battle from afar, one could often see a line of men waver as if wind were blowing through wheat, and when that happened, absent a rally or reinforcement, it was usually just a short while before those men would break and run.  A battlefield commander would have to make a determination when he saw the waver:  Should he send reserves to that part of the battlefield, reinforcing the weakness and hoping for a victory on another part of the field, or should he withdraw, using the reserves to cover the retreat in good order, keeping as much of his army intact as possible to fight another day? Full Story »

Link of the Week (as opposed to the Weakest Link):

From American Raj, a new book by Eric Margolis: Abdullah Azzam “ran a dingy little rooming house next to his office for Muslim mujahedin headed for Afghanistan that came to be known as ‘the base’ or ‘the centre,’ and in Arabic, ‘al-Qaida.’ Rarely in history has an international revolutionary movement sprung from such modest origins.” From humble beginnings, a little acorn grows.

From “Reversal of Fortune” by Joseph Stiglitz at Vanity Fair: “We learned from the Depression that markets are not self-adjusting — at least, not in a time frame that matters to living people.” There’s only so long you can put off your retirement because of a down market.  Full Story »

Republican Representative Candice Miller of Michigan has a truly marvelous idea for getting the economy back on track:  lie through your teeth.  I suppose this shouldn’t be surprising, since it seems to be the first option for Republican politicians everywhere.

So, let me explain what she wants to do.  Currently, accounting rules require banks to value assets (like mortgage-backed loans) at their current market value.  Miller wants to allow banks to … well … value them differently … somehow.  I mean, it’s not what you can actually sell those assets for, it’s what you can … ahm … pretend you can sell them for!  If you can pretend those assets are worth more than they are,  you can make the bank look as though it’s more solvent than it is.  Then, if the other lenders are butt stupid, they’ll lend money to you based on what you say about your bank’s solvency instead of what the situation really is.

What a great idea!  Let’s convince lenders to lend money based on underlying value that isn’t there.

Oh, hey, haven’t we done that already????

I am in my 50s.  In my lifetime, I have seen partisan politics become increasingly bitter, increasingly childish, and increasingly focused on personal, political wins at America’s expense.  When the chairman of the Federal Reserve and Warren Buffet tell me that the American financial system needs an influx of capital in order to keep from collapsing, I tend to believe they believe it, and if they believe it, given their level of expertise, I would generally take their advice.

Today, American politics passed a threshold.  If anyone thought that our politicians, especially in the GOP, still care more about America than their own re-election campaigns; if anyone thought they still had a core of political courage that could, in extremis, overcome their own, petty rivalries; if anyone thought there was still a kernel of greatness in an American political landscape that produced the likes of Thomas Jefferson, Alexander Hamilton, James Madison, and Abraham Lincoln, I doubt they still believe today.  Their OWN PRESIDENT, their PARTY LEADER, came to the House Republicans and told them that this is a grave crisis, and even then they scuttled the agreement. Full Story »