From "Yes we can" to "they won't even worse"?

The election strategy concocted by D.C. Democrats for the upcoming mid-term election can be summarized as follows:

"You could do even worse than vote for us"

Does that sound like a winning strategy?

Colbert in Congress

Stephen Colbert goes to Congress in character:

Pinata

Jon Stewart is on the mark in this clip, which covers a "town hall" meeting recently attended by president Obama:

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Meet the Depressed
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

Source

Mind the enthusiasm gap

I always enjoy when someone takes the time to simplify tortured logic and feed it to me straight. For instance, while lunching with the upper-crusts of Connecticut, president Obama bashed his base. Some idiotic D.C.-thinkers tried to justify the pool-pissing moment, but David Sirota describes it like so:

"The president has decided to not even acknowledge the legitimacy of Democratic voters' expectations - many of which he himself asked us embrace in his "real change"-themed campaign for the presidency. That's right, just as White House press secretary Robert Gibbs attacked the "Professional Left" a few weeks ago, the president has decided to make fun of Democratic voters who dare expect him to fight for the policies he promised. "

Here is a link to the whole article.

Happy Dam a Rahm

If democrats lose as projected in November, will president Obama continue to praise those responsible and continue to cast aspersions at the left?

Bad economic news

Whenever I hear the word economist used in the same sentence as Chicago I shudder involuntarily. Chicago economists, in my view, are responsible for shuddering Main Street and turning Wall Street into a casino backed with public money. I am not a fan of president Obama's latest pick to chair his Council of Economic Advisors, Austan Goolsbee.

Isn't it interesting that Mr. Goolsbee is described as a "Centrist Economist" in the story above?

Have you ever heard of a "Centrist Mathemetician", "Centrist Surgeon", or "Centrist Rocket Scientist"?

This political appointment signifies that president Obama continues to place his faith in those most responsible for creating the crisis. That is very bad news since spin doesn't pay the bills.

Not flaming crosses?

The Dove World Outreach Center, a Baptist church, plans to burn copies of the Koran on the anniversary of 9/11.

Religious people seem to enjoy prancing around the frontiers of hatred. Perhaps for an encore they can drop their trousers and moon Mecca?

Hypocrisy alert

Where were all the deficit hawks when Bush was in office?

Dog days

It is a difficult thing to watch the Obama administration in action these days. So many people thought they were electing the next Jack Kennedy and wound up electing a president without a strong sense of purpose, without the ability to control the narrative, and without the necessary toughness to make his words real for the middle-class.

Even as it becomes crystal clear that voters are going to punish this administration for doing too little, president Obama is out there promoting tax cuts for corporations (see here).

Many on the left cling to fantasies that president Obama is being misled by his handlers, but I believe it is they who were misled. The president's actions consistently convey that he believes in the right of corporations to rule, and will only make token gestures on behalf of the middle class.

Fish in a barrel

The finding of articles that support my theory that the position of CEO is attractive to morally insane people (or psychopathic personalities) is a job that is all too easy. Here, though, is an article which practically begs the interpretation:

Massey Energy's Blankenship: No shame, but plenty of blame

This is a man that lets no evil outcome deter his purpose or actions. He refuses to take responsibility for his actions, and not only fails to pity those his actions have killed, he manages to feel sorry for himself to boot.

Not news

The tax-cuts passed by president Bush did not have a stimulative effect on the economy.

Spending American greatness for a tax cut is cheap.

The urgency of combating global warming is in direct disproportion to political activity, while being in direct proportion to carbon-fuel subsidies.

Our all-volunteer armed forces can no longer operate without the use of mercenaries (thugs).

Death panels have been operating inside for-profit insurance companies for years. They call their sentences "recission".

Sarah Palin lies a lot, is mean-spirited, and not good at governing.

Fox is to news as Glenn Beck is to a newscaster.

Obama's poll numbers explained

A Wall Street Journal/NBC News poll this week found that nearly 6 in 10 Americans believe the country is on the wrong track and a majority disapproves of President Obama’s handling of the economy. Nearly two-thirds expect the economy to get worse still.

Source

Unsurprisingly, turning the treasury over to the reprobates that engineered the crisis is bad economics and bad politics.

Unsurprisingly, trading the support of Democrats to court Republicans gains neither crucial votes nor enthusiastic supporters.

A president should not put up with a team that achieves such ignoble results.

Obama's poll numbers explained

Voting is primarily an emotional decision for voters, and nothing highlights this like a poll which finds...

"In numerous polls, the public has voiced their displeasure at the much maligned bank bailout, but most don't know which president signed the controversial act into law. Only a third of Americans (34%) correctly say the Troubled Asset Relief Program (TARP) was enacted by the Bush administration"

Source

People are angry and they know what for, but not whom to blame.

President Obama hasn't done much to reverse this public perception, making him a far worse politician than I thought.

Obama's poll numbers explained...

I am always on the lookout for quotes that illustrate why the poll numbers for president Obama are so low. I think this one by Brent Budowski nails it:

Voters pray for action, but all they hear is self-praise from those who don’t listen, and all they see is vanity and self-indulgence from those who don’t care.

Source

Obama's poll numbers explained

Robert Reich writes recently...

Average Americans are hurting. But their pain isn’t coming from government. It’s coming from an economy whose benefits are concentrating ever more at the top, whose giant corporations are controlling ever more of our democratic process, and whose costs and risks are becoming ever more burdensome for the middle class and the poor. Public schools, parks, and libraries are closing or reducing hours and staff. Median hourly wages are dropping. Unemployment is at levels not seen in decades; long-term joblessness hasn’t been this bad since the 1940s. Social safety nets — unemployment insurance, Social Security, and Medicare — are endangered.

Yet corporate profits are reaching unprecedented levels, and the richest Americans — CEOs, other top corporate executives, investment bankers, and hedge-fund managers — are raking in as much or more than before the Great Recession.

Source

I contend that the movement of money from middle-class Americans to rich Americans was facilitated by politicians every step of the way.

I also contend that the Clinton administration did improve the lot of the middle class and that fact explains his popularity and Obama's unpopularity.

We voters wanted real change not spare change.

More right-wing violence

Here is yet another example of a violent gun-toting white guy spewing right-wing ideology:

Raymond Peake

I wonder if a little fox was whispering in his ears?

The ties that bind

What unites Byron Williams (the man who loaded up his truck with guns in order to shoot up a non-profit organization) with the Pentagon shooter, the Holocaust Museum gunman, the pilot who flew his plane into an IRS building in Austin, Texas, and the Pittsburgh cop-killer?

Right-wing ideology that's what.

No you can't

I'm all for getting illegal immigrants out of the country, and I'm doubly for getting criminal-minded illegal immigrants out. My support stops with measures that are cruel or treats law-abiding citizens as criminals.

So, I oppose the Arizona law for being hard on citizens, not because it is hard on immigrants. Those people are here illegally, eroding wages, and should be deported. I'm also in favor of jailing the businesses that hire them.

Unlike the folks at Huffington Post, I cotton to this new federal approach which screens fingerprints collected as people are arrested. You can read about it here:

Extra-criminal behavior

Why should we welcome someone that is here illegally and has been arrested on top of it? What's in it for us?

Obama's poll numbers explained

Despite frantic Tea Party exhalations, objective measures say that the Obama administration is tougher on illegal immigration than George W. Bush. For instance...

"The Immigration and Customs Enforcement agency expects to deport about 400,000 people this fiscal year, nearly 10 percent above the Bush administration's 2008 total and 25 percent more than were deported in 2007."


Source

While the Tea Party continues to disparage president Obama anyway, he is engaging himself in activities which annoy his base.

Do democrats in Washington spend all their time cooking up schemes that are self-defeating?

Too Big to Fail

Robert Monks discusses the effectiveness of the new financial regulations with respect to "Too Big to Fail".



Once again president Obama seems to think he can sell a weak bill that is primarily a concession as "sweeping" reform. Once again he uncle tom'd his base without a spirited defense of their values.

Quick Krugman

"The only problem Republicans ever had with George W. Bush was his low approval rating."

- Paul Krugman -

Source

Say it plain

Sometimes, if you say a thing plainly it is easier to understand. In Afghanistan we hear the following from the Pentagon:

If we are not successful in Afghanistan it means we need more troops.
If we are successful it means we need to stay indefinitely.

Is it patriotic to defend America to the point it can no longer pay for schools?

Is the Fed playing Obama for a sucker?

The more I see experienced economists like Robert Reich (i.e. here), and Paul Krugman (i.e. here), raising alarm bells over the economy in conjunction with inaction by "The Fed", the more I find myself wondering if "The Fed" is deliberately putting the brakes on the economy.

Why would that be?

Perhaps president Obama is less in-league with Wall Street than I imagine and more easily duped than I imagine.

Maybe, even now, he believes the old Canard about rising tides lifting all boats?

If this is the case Obama might regret continually snubbing his base and courting the imaginary middle. By the time he turns around he may find himself alone.

Wondering...

What banks seem to be doing at the moment is taking advantage of low interest rates set by the fed to buy Treasury bonds. So, they get money for next-to-nothing and a safe return on their investment.

But, I've been wondering, could we be setting up a Treasury bond bubble?

Should taxpayer money be used to enrich a finance industry that doesn't lend?

It's a good gig, but how can it last?

Obama's poll numbers explained

"71% say that they don't care what economists were saying, that we're still in a recession"

Source

Obama's poll numbers explained

When Wall Street wants money it gets bipartisan support, lightning quick action, and no constraints.

When those unemployed as a result of Wall Street's actions want assistance, Blue Dogs have tin ears.

Obama's poll numbers explained

When the GOP is in the majority, they get their way. When the GOP is in the minority, they get their way.

Little Cat Feet

Both the democratic and republican parties have abandoned their historical agendas in order to promote corporate interests. Historically the usurpation of government by corporate power is known as Fascism, and it looks a lot like the BP spill.

One mitigating factor of corporate power is populist power, or more properly, democratic power. When the right of the People to rule is not a word on a page, or a blog, but a reality, then there is pushback against abuses of corporate power.

Instead we get treated to sad sycophantic displays of politicians apologizing to BP for being asked to take responsibility for its actions.

Instead we get a president that claims to respect the rule of law clutching undemocratic powers to his chest.

Instead we get bailouts for bank-robbers, rather than jail sentences.

To understand this trend a little better, you might wish to read a new article by Jim Hightower:

Reclaim populism

Chicago

Chicago-style economics promotes class warfare in such a way that adherents feel virtuous about plundering. It seems to have finally succeeded to the point where "consumers" (citizens) have lost their "confidence" (money).

It is obvious that increasing "confidence" means putting money in "consumers" pockets, or else finding different "consumers". Because of this, I expect America's next great export to China shall be Chicago-style economics.

America shall become another day older and deeper in debt.

Quick hit

Wall Street and the other biggest global banks, meanwhile, are making piles of money betting against government debt all over the world.

Source

When simple remedies to America's problems evade implementation, then you know America is circling the drain. Is it too much to ask for legislators to stop pulling on the handle?

State of Corporate Governance

Somehow I doubt a bill that starts out tepid and gets watered-down from there will provide anything like the response necessary to prevent, or even delay, the next crash. I sez that Glass Steagall warded off bubbles for decades, and I think it ought to be a good place to start reigning in bankster power. Another place to learn a lesson might be Canada's economy, which survived the bubble well.

Robert A. G. Monks (longtime shareholder activist, Corporate Governance sage, and Reagan appointee), thinks the model of self regulating business is a failure and he calls the Dodd/Frank efforts to inject accountability "pathetic".



I still think that the best purpose of corporate governance is to protect profit for investors from management, since I believe the tycoon-types are morally insane (the modern term is psychopathic personality). It did not escape my notice, for instance, that Mr. Monks in the above video said...

"The failure was largely attributable to the unaccountability of the Chief Executive Officers who ran companies for their own benefit, and for the benefit of other top officials, without any conscience about the public consequence or the long-term consequence of their actions."

I think that many CEOs are, in point of fact, morally insane. This means they are literally incapable of acting from conscience. This means their conscience and their desires are one and the same thing. This means that everything justifies satisfying a desire.

Proper governance ties CEO wealth to corporate success so that society can follow a psychopath to economic prosperity. It is a gamble whose risk should now be evident to all, namely that the morally insane are hoarders when it comes to Power, and experts at corruption.

CEOs need to be made to believe again that their Power does not come at our expense, but at our profit.

McChrystal out

I wasn't sure president Obama would can McChrystal even though he richly deserved it. It looks like General Petraeus is going to step in. Here is the announcement:

Quick link

Here is a link to the Rolling Stone article on Gen. Stanley McChrystal that is currently sweeping other conversation off the face of the news planet:

The Runaway General

This guy sounds a lot like Donald Rumsfeld to me, that is, someone whose arrogance is not tutored by their ineffectiveness. His next order should be his last, and the sooner it is delivered the better.

Clearly he is unfit for his command-post if he thinks bashing allies is something you do in front of reporters.

Quick Hit

 

Paul Krugman sez, “52 senators voted against extending aid to the unemployed despite the highest rate of long-term joblessness since the 1930s.”

Source

I’ve lost a lot of respect for Nobel prizes since president Obama was awarded the Nobel Peace Prize sans accomplishments, but I have noticed Paul Krugman (and Keynesians) are often right about macro-economics.

I think it is too bad congressional leaders are looking towards Alan “What bubble?” Greenspan, when the evidence everywhere backs up Paul Krugman (job creation is too slow, consumer spending is down, home construction is down, etc.).

I guess I will have to take comfort in the fact that the CEO-types that created the mess are reasonably  comfortable at our expense.

Robert A.G. Monks discusses Financial Reform legislation

Robert Monks discusses the financial reform legislation now before Congress in this clip below. He seems to feel now was the moment for nationalizing corporate governance laws, and that the moment is being lost. What we have now, in his words, "is a race to the bottom".





My favorite line from the clip is, "I have to say that if the answer is the SEC you've asked the wrong question."

Quick Hit

According to the work of a group of government and independent scientists under the direction of Secretary of Energy Steven Chu and Secretary of the Interior Ken Salazar, the amount of oil now being unleashed into the Gulf is between 35,000 and 60,000 barrels per day

Source

There are 55 gallons of oil in a barrel, which means between 1,925,000 and 3,300,000 gallons of oil are spilling into the Gulf of Mexico daily.

This oil is going to continue to come ashore, day after day, well after the leak is plugged. Soon it should make its way around Florida and up the eastern seaboard.

President Obama seems to think a speech will impress the nation, when what is needed is action. Specifically, he needs to place BP into temporary receivership, seize their US assets, and put America first.

If he didn't want the job he should have stayed in Chicago.

Quick push

Kevin Drum has "a Modest Tax Proposal" that I like, so I thought I'd give it a quick push by posting a link.

Here is a summary:

"Obama should propose that the corporate income tax be abolished completely, to be replaced by a carbon tax and a financial services tax."


Here's the link for more

Quick hit

"In their attempt to justify the war crime of torture, the CIA appears to have committed another alleged war crime – illegal experimentation on prisoners."

- Nathaniel A. Raymond -
Director of PHR's Campaign Against Torture

Source


Nobel Peace Prize winner Barak Obama made a lot of hay over the policies of the Bush administration, and did a lot of arm-waving over the closure of Guantanamo, but in the end he continued the Bush policies and human experimentation of prisoners happened on his watch.

It is monstrous to torture and conduct human experiments on a human being. Either that, or Adolf Hitler wasn't so bad.

Soothing words of malice

Christopher Hedges believes the Christian right is in the mood for fascism, and sums up their mindset like so:

"The reality-based world, one where Satan, miracles, destiny, angels and magic did not exist, battered them like driftwood. It took their jobs and destroyed their future. It rotted their communities. It flooded their lives with alcohol, drugs, physical violence, deprivation and despair. And then they discovered that God has a plan for them. God will save them. God intervenes in their lives to promote and protect them. The emotional distance they have traveled from the real world to the world of Christian fantasy is immense. And the rational, secular forces, those that speak in the language of fact and evidence, are hated and ultimately feared, for they seek to pull believers back into “the culture of death” that nearly destroyed them."

Source

Intolerant political movements are usually fertilized with rage channeled by blame. When People work hard and wind up in poverty anyway, they search for answers. It is at this moment that disciples of destruction advance with soothing words of malice.

We all know there plenty of economic despair upon which fascists can draw strength. Could this be happening here?

Oil vents

Apparently a freshly "furious" president Obama says "venting" won't help the BP-spill. I am 100% in agreement with that statement, and don't care if Obama is furious or not.

I do want him to take BP into receivership so American interests are foremost, necessary resources can be mobilized, and truthful information can be disseminated. If he wants to do that coldly and expressionlessly, then I'm all for it. If he wants to do that wearing a cowboy hat and spouting invectives like an 18th century prospector, then I'm all for it.

Obama is really showing his stripes on this oil spill. He is a corporate man through and through and seems to have faith, even now, in the right of corporations to rule.

It reminds me of Alan Greenspan's quaint notion that money knows best.

Quick Hit

In 2008, at least 60 percent of vacation spending in Florida occurred in beachfront cities.

Source

Ham-fisted Israel at it again

Israeli politicians seem incapable of acting in their own interests when it comes to accumulating allies. Their latest self-defeating action was to murder humanitarians in international waters to placate the paranoid and the fearful in their ranks.

The US, as expected, moved to negate a UN response. This, however, cannot but impede our war efforts in the Gulf and further endanger our soldier's lives due to the uncritical support it exposes. In other words, this is a gift-wrapped recruitment tool handed to extremists.

Surely Israel just handed its enemies a victory, while simultaneously making it more difficult for its biggest ally to continue support, and also infuriating trading partners like Turkey and Egypt.

I can think of no other nation that behaves as self-detrimentally as Israel does with such regularity. In this case it is metaphorically peeing in its own well (of potential political support) and biting the hand that feeds it (once-again foiling U.S. interests) for good measure.

How long do Israeli politicians think America can continue acting against self-interest?

I would say they are woefully inadequate unless they move to make immediate amends. Here is an example of the type of condemnation they have rained upon themselves. In this case, it originates from U.S.:

Israel's Murderous Attack


ADDENDUM: Egypt has just announced it is opening its border with Palestine to humanitarian aid. This surely indicates Israel's allies in the region are receiving political pressure in opposition to Israel's security wishes.

Open Border

What Israeli politicians have secured by this action is hard to fathom, while what they have lost is becoming quite clear.

Brick by brick

If you have been following along, you know I have a theory that psychopathic personalities are drawn to CEO positions and periodically I offer up a tidbit for your consideration through this lens. My latest offering is a piece by James Kwak, who says the following:

...somehow the bankers came out of it with the same unshakable belief in their own perfection that they had in 2005. The only plausible explanation is some kind of powerful personality disorder.

Source: Wall Street CEOs are nuts

Perhaps Wall Street bankers are behaving as if they have no shame because they have no shame?

A governmental drowning?

When I look at the handling of the BP oil spill I think I am looking at the drowning of the US government in a bath tub.

Why?

BP is a foreign-owned corporation that is usurping US sovereignty when it comes to freedom of the press: Details here

BP is also fouling US territorial waters and Barak Obama seems more concerned with raising campaign cash in California than holy hell in the Gulf.

For at least a month oil is going to be sliming its way into bayou country and I don't think the magnitude of that has dawned on the Gulf Coast officials currently busying their giddy little minds about serving BP even more sycophantically. It does seem to have dawned on James Carville, who is out there trying to fire up the commander in chief (small c, small c at the moment).

I find it disturbing that even at the local level politicians are serving up the carcasses of their neighbors to the maws of a global elite. That is what I call systemic servitude! This is government of the corporations and by the corporations, from sea to sheening sea.

I therefore have come to believe that this is dysfunctional government of the type Grover Norquist has long salivated after. I suppose we should all congratulate him on a job well done, but I haven't the stomach for it.

It is depressing to think that "whores for boors" is going to be this generations legacy to the next. It is unlikely we will be known as the greatest generation, or even a runner-up.

Why I oppose the death penalty

The primary reasons I oppose the death penalty are that humans make mistakes, and execution is permanent.

To illustrate my point, I would like to bring two cases to your attention:

1. Raymond Towler was convicted of raping an 11 year old girl almost 30 years ago. His conviction was overturned with DNA testing, which was unavailable at the time. You can read about it here.

2. James Bain was convicted of raping and kidnapping a nine year old boy 35 years ago. His conviction was also overturned with DNA testing and he is now looking forward to "eating fried turkey and drinking Dr Pepper." You can read about his case here.

I expect that both men were viewed as the worst kind of criminals when they were tried and convicted. Had their sentences been execution, then James and Raymond would not see their families again, nor eat fried turkey.

To know these facts and argue for a death penalty anyway is to pay too much respect to violence, and too little to Justice.

Quick hit

Of AAA-rated subprime-mortgage-backed securities issued in 2006, 93 percent — 93 percent! — have now been downgraded to junk status.

Source

Just sayin'...

If the answer, my friend, is blowing in the wind...
And, you don't need a weatherman to know which way the wind blows...
Then, doesn't that imply we can find the answer?

GOP rejects fiscal discipline for Wall Street

Is the public financing of elections proving to be irrelevant?

I was thinking this morning, after Republican senators covered themselves in partisan shame, that Olympia Snowe from Maine could easily have voted for Wall Street regulation.

Why do I say this?

She is from a blue state, moreover Americans support fiscal reform by a 2-to-1 margin.

If the GOP wants to punish her, she has the option to get public financing for her next campaign.

If she were pushed too hard, any party that could have Ben Nelson and Joe Lieberman as members would easily welcome her. In that case, her influence would go up rather than down as she would now represent the majority party.

Michael Steele is widely perceived as incompetent within his own ranks, therefore one could imagine being forgiven for rejecting his advice.

Her main priority is supposedly bolstering small businesses, but Wall Street is destroying their access to finance.

Isn't it obvious that the lure of public financing is not pulling Senator Snowe into orbit?

When not even someone like Senator Snowe will do what is sensible, when what is sensible is also popular, then what does that say about the GOP?

The party of Main Street? It is to laugh!

The party of Fiscal Discipline? I jeer in your direction!

The party of Personal Responsibility? What an unsophisticated delusion!

Insane in the membrane

Accepting the idea that our major CEOs are morally insane, or psychopathic personalities, gets easier every day with exploration. The title of this article by Steven Pearlstein is another brick in the wall:

Wall Street's know-it-alls can't tell right from wrong

All I'm saying is that it is very likely the obvious is True. Wall Street CEOs are not immoral, they are amoral, or literally incapable of weighing moral decisions. They have desires that they satisfy and there is nothing else.

In this context, what finance regulations do is protect profit for the investor from the management.

Penny wise and pound foolish?

The US Chamber of Commerce is an organization that normally concerns itself with Main Street businesses, which is to say small businesses. Lately, however, it is helping Wall Street by backing Justice Roberts Citizens United decision and fighting balance sheet transparency (regulation and oversight).

Isn't the playing field gamed enough in Wall Mart's favor?

I find this behavior as illogical as a Sarah Palin paragraph.

Tea Party

I have read the Tea Party plans to be demonstrative today. In their honor I present my watercolor interpretation of the tea party:

Steeling themselves...

I think that the best argument the GOP can make against government is to get their candidates elected.

How can a party that spends donor money at bondage clubs promote fiscal responsibility?

How can a party led by a finger-pointing, race-card playing, unqualified leader promote personal responsibility?

The GOP has more than a personnel problem with Michael Steele, they have a messaging problem.

Perhaps that is why the calls for his removal are growing louder by the day.

Confirmed: Obama authorizes assassination of U.S. citizen - Glenn Greenwald - Salon.com

When there are treason laws already on the books why would president Obama target U.S. Citizens for assassination?

Confirmed: Obama authorizes assassination of U.S. citizen - Glenn Greenwald - Salon.com

The Constitution is clear on what Treason is and what branch of government has the authority to address the threat.

Where is the Supreme Court and where is Congress?

For that matter, where is the Tea Party on this very real threat to freedom?

ADDENDUM:

In this segment Keith Olbermann reports on the issue and asks, where are the liberals and progressives:

Part one:

Visit msnbc.com for breaking news, world news, and news about the economy

Part two:

Visit msnbc.com for breaking news, world news, and news about the economy

Quick hit

"Of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas."

Source

Papal pride goeth

Christopher Hitchens isn't mincing his words when it comes to the recent priest-rape cover-up.

Netanyahu is tone-deaf

Netanyahu's latest speech to AIPAC reminds me how poorly Israel does politics. To have Netanyahu stand on American soil in front of cameras and strive to make a jackass of our president is really too much:

Badly played, and in poor taste

Perhaps the money we normally send to Israel can be put to better use?

Quick hit

In France, where abortion is covered by universal health insurance, there are 20% fewer abortions per capita than in the US.

Keynes quotation

This notion that the morally insane would be naturally attracted to power, and thereby to the role of corporate CEOs, has really gotten a hold of my imagination. When I read quotes like the following, I am left feeling as if I've missed the obvious for so long that I am embarrassed by my naivete.

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."

— John Maynard Keynes -

Apparently, those with a proclivity towards horrible grammar make excellent economists.

Lehman Bros Accounting Tricks

Here is a fantastic video that simplifies the mess on Wall Street so that even I can grasp it:

Visit msnbc.com for breaking news, world news, and news about the economy

HCR

When it comes to answering the question, "Should Health Care Reform pass?", I think it is a good idea to refer to a medical dictum: "First, Do no harm".

If this bill does not go far enough to provide health insurance to all Americans, that is not the same thing as making matters worse. Since doing nothing is what will be harmful to people, then I say hold your nose and pass the bill.

From a political perspective this is an easy decision. Democrats are widely perceived as noodle-armed weaklings that are intelligent but indecisive. To do nothing is to further that perception. To pass the bill, especially over GOP objections, combats the perception on two fronts.

From Funny or Die

Here is a video which reunites past comic presidential impersonators for a message directed at Barak Obama:

Funny or Die's Presidential Reunion from Will Ferrell

A crown of thorns

As I watch a single-payer healthcare-for-all die, and climate crisis legislation die, and legislation to police morally insane CEOs die, I become confirmed in my view that America is a one-party system.

The rot seems insurmountable.

Quick hit

"The healthcare bill as written is supported by less than 30 percent of the nation. But the public option is supported by almost 60 percent of the nation and 80 percent of political independents."

Source

Quick hit

In 1980 the highest incomes were taxed at 73 percent. In 2009 those same incomes were taxed at 35 percent.

You'd think that would quiet the complaints of the well-to-do, but it seems only to have emboldened them.

Source

Quick hit

What makes people feel the Citizens United case is damaging to democracy?

It is the underlying belief that our politicians will take bribes.

On Brown

What do I make of a GOP senator winning Ted Kennedy's seat?

Democrats ignored their base (it overwhelmingly wants a strong public option), let yellevision rage unrebuked (Canadians pay less for medicine), and didn't get their president on the bully pulpit (something he excels at).

What did they expect?

If the snake suits, bear it?

Here is a wikipedia entry for psychopathy:

A lack of empathy

After reading the book "The Devil in the White City" and reflecting upon capitalism, it occurred to me that immense companies are naturally attractive to psychopathic personalities (or PPs for short). In fact, I have begun to believe our largest institutions are headed by the morally insane, for this belief explains much that I notice about the conduct of Wall Street big-shots.

If True, and the corporation ensures that the wealth of the CEO is dependent upon the wealth of the corporation, then it is a symbiotic business relationship.

If True, and the wealth of the corporation is deemed to be dependent upon the wealth of the CEO (as Goldmann Sachs repeatedly argues), then the corporation becomes subservient to the CEO and you have an unhealthy business relationship.

With this belief in mind statements like that made by Arianna Huffington recently become self-explanatory:

Watching the CEOs, I was stunned by the utter lack of even a feigned sense of empathy for those whose lives the banks have destroyed. Only a complete inability to feel empathy could explain the fact that the bankers are not just back to operating at their old bonus levels, but at their old smugness levels as well.

Source

Expecting empathy from a psychopath is as misguided as expecting good moral conduct from a PP-led corporation. In fact, they are identical delusions.

In this context one should view the Glass-Steagall Act as a way to protect the wealth of corporations for the investors, rather than as a hindrance to the wishes Wall Street CEOs. It should send shivers down one's spine to consider the wishes of the CEO paramount.

I found there is a book on the subject called "Snakes in Suits" that examines PPs in the workplace. I expect it is an interesting read.

It would seem plausible that immense corporations are best served by morally insane leadership, provided that leadership is forced to use its' unique "talents" on behalf of the corporation.

But, such leadership would strive energetically to escape such restrictions. In the event of their success, our economy would suffer even as our CEOs grew richer. Thank goodness no company is so idiotic as to transfer wealth to the leadership at a time they did a lousy job of generating wealth!

Quick hit

"American consumers pay up to 55% more for their prescription drugs than Canadians"

Source: Robert Reich

Truth in advertising?

What Obama said...

On the campaign trail here is what candidate Barak Obama said:

"We'll negotiate with the drug companies for the cheapest available price on drugs,"

Candidate Obama, Oct. 15, 2008 in a debate with Sen. John McCain (R-Ariz.).

You cannot tell a lie more clearly than that.

Perhaps...

Perhaps Joe Lieberman acts the way he does because it always gets Harry Reid to coddle him?

At the very least Joe should have to act on his threat. This would show voters in Connecticut that where money is concerned, Joe won't keep his word to voters.

Harry Reid is being Sisyphus to Joe's hill of beans.

Quick hit

A study conducted with Kentucky health records found that uninsured women with breast cancer were 44 percent likelier to die than their insured counterparts.

Source

Rockin' Roger

"The nearest thing we have to a death panel in the United States is an insurance company claims adjuster."

- Roger Ebert -

Roger Ebert has written one of the best essays about healthcare that I have read. What makes it so good, in my view, is that it makes a forceful moral case for socialized medicine.

Here is the link: I'm safe on board. Pull up the life rope

A Gun Control Bumper Sticker Idea

It used to be...

It used to be that you had to do something "newsworthy" to wind up in the news.

Now all you need is celebrity status and an appearance on Oprah Winfrey.

Why can't newsrooms let Sarah the Palin fade away?

Redemption Song

We Are Alone

Quick hit

14,000 Americans lose their health coverage every day.

Money talks

Today is an important day in the future history of the USA, not because Sonya Sotomayer has taken a seat on the Supreme Court, but because of the case of judicial activism that will cross her bench.

Today the US Supreme Court is scheduled to rehear Citizens United v. the FEC. The decision in this case could allow corporations to exercise their right to "free" speech by spending unlimited money to influence elections.

What this case would do is equate speech with money, and dismantle McCain/Feingold campaign finance law.

Shareholder activist Robert A.G. Monks has been heroically striving to bring this to the nations attention and you can read all about it here:

Corporate speech

Swimming with the pigs

A pig farmer might tell you that if you want a clear stream you've to keep the hogs out of the spring.

When it comes to healthcare proposals, politicians seem to be telling us that the way to clear up a stream is to make the pigs a little fatter.

Who would believe such transparent stupidity?

Quick Hit

80 percent of registered Democrats, want universal, single-payer not-for-profit health care for all Americans.

Source: Reform or Rip-Off?

If Obama doesn't deliver it is easy to predict what will happen in the mid-term elections, since it will be deja vu all over again.

Strange juxtaposition

Legislators handed billions of taxpayer dollars over to the auto industry to fund a cash-for-clunkers program and it turns out that the company that profited the most by it was Japanese automaker Toyota.

How did they show us the love?

By shutting a car plant in California.

The storyline is this: Americans are going broke propping up the Japanese economy, and the Japanese response is to remove jobs from our economy.

That sounds like a lose-lose situation to me, unless you own a Japanese car company.

A Lion Sleeps Tonight

A disappointment for Senator Ted Kennedy on his deathbed surely had to be the lackluster efforts of president Barak Obama and his fellow democrats to pass a public healthcare plan. Even as his death became imminent Senator Kennedy struggled everyday just to work, and what he worked on was Medicare for all.

I wish there were more people like him today, that is, people that were born into privilege but feel the call to serve the public interest.

Sometimes I feel it is a generational trait that is being lost. It is hard to sacrifice for something as ambiguous as "future generations", but men like Kennedy seemed motivated by that very thing when morality was a factor.

When it comes to president Barak Obama, YouTube shows the type of pledge he gives:



If anything good comes of Ted Kennedy's death, I hope it will be an awakening in the breast of Barak Obama to take up where Ted left off, to finish his good work so he can face the voters with honor.

Quick Hit

According to the Congressional Budget Office (CBO), 29 percent of premium dollars in the individual insurance market go toward administrative costs; the average policyholder spends roughly $300 more on administrative costs each year than if he or she purchased coverage through a group policy.

Source: Dean at TPM Cafe

No isms?

Michael Moore has a new movie on the way about Wall Street corruption. Here is the trailer:




Slavery was a systemic problem in America, so much so that it was difficult for decent people to avoid using the system in their daily lives. The simple act of buying pants became a moral act.

I wonder if Michael Moore is asking whether or not capitalism exhibits such a systemic problem.

People have wondered this before. For instance, Teddy Roosevelt said, "I am for honest business, big or little, and against dishonest business, big or little".

Capitalism has become such a holy idea in America that I wonder if people can draw a distinction between honest and dishonest corporate conduct.

Clown-school

Here is yet more evidence that Barney Frank should be speaker of the House:



Republicans have become Republicants.

Quick Hit

Removing the "public option" from a public bill paid for by public money is not in the public interest.


- Congressman Dennis Kucinich -

An easy prediction to make

Here is an easy prediction to make:

If Democratic leadership drops the public option from the healthcare bill they will get nothing in return from republicans.

Here is another:

Should the demoratic leadership blame republican opposition at a time they are in control of the House, Senate, and executive branch, they will be regarded as ineffective weaklings.

I have noticed that people like to associate themselves with winners.

Mr. Woofles Takes a Nap

Once, after listening to a live recording of George Gershwin playing "Rhapsody in Blue" I wrote...

Listening to George Gershwin play piano is a lot like looking up at the stars on a moonless night. Each shimmering note reminds me that I am small.
I am nothing.


In this video below Craig Ventresco bedazzles and bewitches with a humble Ukulele, while Mr. Woofles strikes a content pose.




Cliff Edwards, or Ukulele Ike, was the voice of Disney's Jimminy Cricket. He also sang the tune, "When You Wish Upon a Star".

How can an instrument so small trigger thoughts so large?

AIG went a-mugging

It disappoints me that whether we have a Republican president or a Democrat in the whitehouse Wall Street gets what it wants at our expense. That is not democracy, that is plutocracy, or government by the richest.

The richest are best at generating wealth for themselves, but Justice and seeking the common good are the pillars of a stable democratic society. I sez, these two types of authority are incompatible, and as plutocrats begin to generate resentment (via injustice) they will certainly have to rely on violence to maintain Power.

Is it in America's best interests to willfully engineer fundamentally dishonest markets? Will investors entrust their money to such banana-republic-machinations?

Few news sources tackle such questions, but one is Democracy Now. In this clip Amy Goodman looks at AIG as if it were band-leading us to corpocracy:

Part one:



Part two:

Don't make Christopher angry.

Money in, Money out?

It is my opinion that many Wall Street CEOs are little more than thieves stealing wealth from their investors. It is a situation out of control and that threatens America's well-being. Every time I think I am disgusted enough by the combination of excess pillaging and ... oversight, there comes another story about the antics of certain corporations.

In this Washington Post article one thing stands out to me. The corporations involved in swindling their owners all gave heavily to president Obama:

Another failure, another bonus

These robber barons do more than gorge themselves at the trough, they eat holes in the trough and bite the hand that feeds them.

Flash facts

Health-care spending accounts for 17 percent of our entire domestic product.

Source: The Cause of My Life

Bread in the mouth

Imagine that you you saw a homeless person while out walking one day, whom asked you for food, and that you went to your city councilor and got him to pass a law making it illegal to skip a meal. Imagine next that a police officer, knowing the man that sought succor from your person was hungry, levied a fine against him for failing to feed himself.

If the object is to feed the hungry man, does that approach make any sense?

My answer is that it does not, and it will not if you substitute the case of an uninsured man for the case of an underfed one.

Only in Washington would so many work so hard to undermine the simplicity and economic advantage of a single-payer system, which covers everyone, including even greedy insurance company executives that spend their time promoting their self-interests at a cost of human suffering.

Où est le changement?

To lots of otherwise sensible people president Obama is political comfort food. They are always ready to dine from his menu of rhetoric. I must admit that it is understandable that they are hungry after 8 years of famine.

I wish I could suspend my cynicism and my critical thinking and eat a hot dog as if it were a steak dinner. I would certainly eat a lot more steak that way.

But, I can't, and so I say that there isn't any worthwhile difference between George W. Bush and Obama when it comes to ignoring the problems on Wall Street, nor in their respective "solutions". The same policy, cash for trash, closes the (over)sight and opens the wallet. Rather than punishing the reckless, the whitehouse has been rewarding them proportional to their mismanagement.

What has been going on is a politically-motivated redistribution of wealth. Whenever politics plays a role you must remember the words of John Lennon and "follow the money."

Who paid Obama?

Goldman Sachs, JP Morgan Chase, Lehman Bros.

Who were the treasonous recipients of innumerable welfare dollars?

Goldman Sachs, for one

It is little wonder that Republicans keep calling Obama a socialist, since he is giving public money away to those who didn't earn it. Of course, I don't know why they didn't say the same thing about George W. Bush. Perhaps he was their political comfort food?

What Wall Street wanted it got in spades, even though it could lead to the destruction of America (for as goes wealth, so goes military might).

Cynicism is a heavy burden but it seems like a compass that points true in Washington.

Ukulele on fire

In the sprit of Roy Smeck, my friend Craig Ventresco dazzles at least two senses with this performance of 12th street rag. It was recorded July 9th, 2008 at Cafe Divine in San Francisco:



If you liked that, here's another:

The idol of Nay

I try not to write too much about Sarah Palin, because obviously she has an attention credit disorder, even more-so than your average politician. Also, she is a hateful and pridefully-ignorant bumpkin that thoughtlessly incites American-dividing sentiment for personal gain. Also, like so many Republicans these days, what she has to say can be summarized as "No."

This newest twist in her hidden-hand political life, however, is worth laughing at. She "wrote" (wink-wink) this op-ed which the Washington Post published.

The op-ed can be summarized by the word "No."

Whomever are pulling the strings in Sarah's back ought to spend their time more wisely.

Sen. Franken Archives

Our newest senator:

Franken wins

"The Supreme Court has made its decision and I will abide by the results," Coleman said outside his St. Paul home. Appearing relaxed, he said he had congratulated Franken and was at peace with the decision.

More info here

Those rebels, scofflaws, and activists that want genetically modified foods to be clearly labeled as such refer to genetically modified corn as Frankencorn. This associates GMO and Dr. Frankenstein's madness rhetorically.

Now, the question is, will people associate Franken corn with Al Franken?