*ATTENTION! MAY I HAVE YOUR ATTENTION, PLEASE...* Will ALL LOBBYISTS please report to Hell. Thanks.

Report: Obama Has Weakened More Lobbyist-Opposed Health, Public Safety Regulations Than Bush

A new report shows that despite a campaign pledge to get lobbyists out of Washington, the Obama White House has weakened regulation in favor of corporate interests more than the Bush administration. The study, "Behind Closed Doors at the White House: How Politics Trumps Protection of Public Health, Worker Safety, and the Environment,” examines more than a thousand meetings that took place over a decade between lobbyists and a little known regulatory office, then checks to see how proposed rules were weakened to accommodate industry requests. It found the Obama White House changed rules 76 percent of the time, while Bush changed them just 64 percent of the time. EPA rules were changed at a significantly higher rate — 84 percent. We speak to the report’s lead author, Rena Steinzor, professor at the University of Maryland Carey School of Law and President of the Center for Progressive Reform.

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The Scene of The Crime

"Occupy Wall Street": Thousands March in NYC Financial District, Set Up Protest Encampment Demonstrators are marching on Wall Street today on the third day of a campaign dubbed "Occupy Wall Street," which began on Saturday when thousands gathered in New York City’s Financial District. Inspired by the massive public protests in Cairo’s Tahrir Square and Madrid’s Puerta del Sol Square, hundreds have slept outside near Wall Street for the past two nights. We play a video report on the protest by Democracy Now!'s Sam Alcoff and get a live update from the streets from Nathan Schneider, editor of the blog "Waging Nonviolence." We also speak with David Graeber, an anthropologist who participated in the activities. "If you look at who showed up [in Egypt and Spain], it was mostly young people, and most of them were people who had gone through the educational system, who were deeply in debt, and who found it completely impossible to get jobs," says Graeber. "The system has completely failed them... If there's going to be any kind of society worth living in, we’re going to have to create it ourselves."

Apparently, our voices need to be LOUDER.

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Fat Cats

As Economy Lags, New Study Reveals 25 Top Firms Pay More to CEOs than in Taxes

A new study reveals that 25 of the nation’s largest corporations paid more money to their CEOs last year than they did to the federal government in income taxes. Often using overseas tax havens, many of the corporations managed to make billions in profits but paid little to nothing in federal taxes. In many cases the companies received large tax rebates. The list includes some of the country’s best-known companies, such as Ford, Coca-Cola, Verizon, General Electric and eBay. The same study found that the ratio of CEO pay to that of the average worker in the United States jumped to 325-to-1 last year. We speak to the study’s co-author, Chuck Collins, a senior scholar at the Institute for Policy Studies and director of its Program on Inequality and the Common Good. "What these companies do is they use a variety of tax loopholes, corporate loopholes, to game down their taxes. So, these are what I would call the sort of champion in the tax gymnastics department," says Collins.

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