was one of those gloriously only in L.A. moments when our hypocrisy and
contradictions were on full display before the world.
city’s business community filled the City Council Chamber for two hours before
the regular Council meeting last Wednesday to present a report on the city’s economy broken down by all 15
districts (2011LACityCouncilDistrictsEconomicReport.pdf) and propose a long list of ideas (AccessLAagenda.pdf)on how to stimulate the economy -
one of the nation’s worst with poverty and under/unemployment rates approaching
25 percent – and create jobs.
had one message that resonated throughout the morning — JOBS,” says L.A. Chamber
of Commerce President and CEO Gary Toebben in his weekly newsletter. “We
presented the City Council with a list of eight things they can do to create jobs,
stimulate the economy and improve the quality of life for thousands of
response from the City Council was very positive and we left feeling hopeful as
Councilmembers opined that the business community’s message was heard loud and
clear. There was a strong commitment to eliminate the devastating unemployment
faced in Los Angeles by reducing red tape and supporting projects that enable
businesses to hire more employees.
that was in the morning.”
the Council meeting ended, Council President and wannabe Mayor Eric Garcetti
joined by go-along-to-get-along Councilman Bill Rosendahl went down to City
Hall’s North Lawn with the support of five other Council members to affirm
their total support without reservation for the Occupy Los Angeles protesters
camped out at Temple and Spring streets.
produced a resolution to be voted on this Wednesday with 25 paragraphs starting
with “Whereas” that affirm every element of the occupation movement’s rage
against corporate greed and a single paragraph that starts with “Now Therefore”
proposing a course of action.
“NOW, THEREFORE, BE IT RESOLVED, with the concurrence of the Mayor, that by
the adoption of this Resolution, the City of Los Angeles hereby stands in SUPPORT for the
continuation of the peaceful and vibrant exercise in First Amendment Rights carried out by “Occupy Los
Angeles” on the City Hall lawn, and urges the City Departments responsible for completing the implementation
plan associated with the Responsible Banking measure (CF 09-0234) that was approved by the Council on
March s“, 2010, which
would address some of the concerns of the “Occupy
Los Angeles” demonstrators by demanding accountability and results from the Banks we invest taxpayer
dollars in, to bring the Responsible Banking measure for a final vote to the Council by October
Read that again if you didn’t get it. It says the Council
supports Occupy L.A.’s “peaceful and vibrant exercise” of their First Amendment
rights, nothing else that they do but what they have a constitutional right to do.
What a joke! It would be news if the Council went on record as
admitting they don’t give a damn what anybody thinks or says unless they pay
them for the privilege like the unions and AEG and other corporations and
And then there’s the last line, the punch line, promising “to bring the
Responsible Banking measure for a final vote to the Council by October
This is nothing but a shakedown of the banking industry for
political campaign contributions line and an effort to capitalize on the broad anger over how the banks
caused our economic calamity and prospered from it.
It is the three-year-old brain child of indicted felon and
pseudo-socialist Richard Alarcon (who else?) and was actually approved by the
Council 18 months ago but never implemented, in no small part because it’s
illegal since the city has no authority to regulate banking, no right to demand
detailed proprietary information, no ability to make sense of the millions of
transactions if it did.
stated goal of the new banking ordinance is to reduce foreclosures in Los
Angeles,” Toebben writes.
what the ordinance will do is create a new city bureaucracy that taxpayers
cannot afford; assign already burdened City staff with collecting reporting
documents they do not have time or expertise to review; evaluate banking
services with criteria that violate state law; and put small banks at a severe
disadvantage when compared to larger institutions.
“Here is what the proposed banking ordinance will not do: prevent one single
of looking for ways to spend City resources on a task the federal government is
responsible for doing, we suggest the City Council and staff concentrate on
facilitating private sector job creation. Having a job is the first step to
gaining and maintaining home ownership.”
isn’t just the business community that sees through the thin veil of lip
service intended to deceive.
Occupy L.A. protesters showed up at City Council on Tuesday, when the
resolution was supposed to be considered, and denounced the Council for its
corruption, for its being part of the system that has caused the crisis in America
by its coziness with the unions, developers and corporations that have pushed
the nation to the brink.