We continue to see abuse of labor from the horrible explosions in a West, Texas chemical plant to the collapse of a building in Bangladesh. US workers continue to get the shaft when it comes to working harder and more productively for less. It is a sad trend that just keeps reaching new records. The gap between incomes going to workers and profits going to owners–mostly passive stockholders–continues unabated. This gap does not reflect a lack of labor productivity. It appears to reflect mostly the ability of capital owners to gamble themselves into strong positions. Industrialists are force to drive down costs to attract capital and to do some very short sighted things. The rush to increase ROE with no thought to other factors is a very bad omen for this country.
Corporate profit margins just hit another all-time high. Companies are making more per dollar of sales than they ever have before. If you’re a shareholder, that seems like good news (in the very short term, anyway). Alas, most people aren’t shareholders. And for folks whose investment horizon is longer than “this quarter” and “this year,” it’s actually bad news. Companies are under-investing in their employees and the future.
It’s May Day, and Henry Blodget is celebrating — if that’s the right word — with three charts, of which the most germane is the one above. It shows total US wages as a proportion of total US GDP — a number which continues to hit all-time lows. Blodget also puts up the converse chart — corporate profits as a percentage of GDP. That line, you won’t be surprised to hear, is hitting new all-time highs. He’s clear about how destructive these trends are:
Low employee wages are one reason the economy is so weak: Those “wages” are represent spending power for consumers. And consumer spending is “revenue” for other companies. So the short-term corporate profit obsession is actually starving the rest of the economy of revenue growth.
In other words, we’re in a vicious cycle, where low incomes create low demand which in turn means that there’s no appetite to hire workers, who in turn become discouraged and drop out of the labor force. Blodget’s third chart is one we’re all familiar with: the employment-to-population ratio, which fell off a cliff during the Great Recession and which will probably never recover. The current “recovery” is not actually a recovery for the bottom 99%, for real people who need to live on paychecks. And today is exactly the right day to point that out.
And yet that’s Tom Friedman’s column this May Day:
If you are self-motivated, wow, this world is tailored for you. The boundaries are all gone. But if you’re not self-motivated, this world will be a challenge because the walls, ceilings and floors that protected people are also disappearing. That is what I mean when I say “it is a 401(k) world.”
This manages to be both incomprehensible and incredibly offensive at the same time. I have no idea what Friedman thinks he’s talking about when he blathers on about disappearing protective floors; I can only hope that he isn’t making a super-tasteless reference to the recent disaster in Bangladesh. But it’s simply wrong that today’s world is “tailored” for anybody who happens to be “self-motivated”. Both the self and the motivation are components of labor, not capital, and as such they’re on the losing side of the global economy, not the winning side.
Friedman is a billionaire (by marriage) who — like all billionaires these days — is convinced that he achieved his current prominent position by merit alone, rather than through luck and through the diligent application of cultural and financial capital. His paean to self-motivation recalls nothing so much as Margaret Thatcher’s “there is no such thing as society” quote: “parenting, teaching or leadership that ‘inspires’ individuals to act on their own will be the most valued of all,” he writes, bizarrely choosing to wrap his scare quotes around the word “inspires” rather than around the word “leadership”, where they belong.
True leadership, in a society where the workers are failing to be paid even half the fruits of their labor, would involve attempting to turn the red line in Blodget’s chart around, and to spread the nation’s prosperity among all its citizens. Rather than telling everybody that they’re “on their own” and that if they’re not a success then hey, they’re probably just not “self-motivated” enough.
The ultimate Friedman kick in the balls, however, doesn’t come from his lazily meritocratic priors. Rather, it comes from his overarching metaphor: the idea that if you have a 401(k) plan, then you’re somehow in charge of your own destiny. Friedman might be right that we’re living in a 401(k) world, but if he is then he’s right for the wrong reason. In Friedman’s mind, a 401(k) plan is an icon of self-determination: you get out what you put in. “Your specific contribution,” he writes, italics and all, “will define your specific benefits.”
We are learning more and more each day on how the finance industry games the kinds of investments available to you in those plans. We also know that mega corporations are getting congress to defund OSHA and any regulatory agency that watches over worker safety. Many investments are also subject to whacked performance because of excessive speculation that is encouraged by our tax laws. This has destroyed home values during the Great Recession and eaten up many folks retirement plans and savings. Frankly, it’s difficult to see how any one that relies on their sweat and has no rich family connections these days even crawls into the middle class. All of these things add up to major insecurities and risks. This is simply not the way things are supposed to work. But, it is the world that the Koch Brothers and others have carefully crafted by making politicians and pundits whores to their agenda of greed.
Pity the poor working man and woman.
President Obama isn’t looking so “progressive” this morning (what else is new?). Yesterday, his “Justice” department announced they will ignore science as well as the health needs of women and girls by fighting a judge’s order to make Plan B emergency contraception available over-the-counter without age limits. NYT:
The appeal reaffirms an election-year decision by Mr. Obama’s administration to block the drug’s maker from selling it without a prescription or consideration of age, and puts the White House back into the politically charged issue of access to emergency contraception.
The Justice Department’s decision to appeal is in line with the views of dozens of conservative, anti-abortion groups who do not want contraceptives made available to young girls. But the decision was criticized by advocates for women’s reproductive health and abortion rights who cite years of scientific research saying the drug is safe and effective for all ages.
“Age barriers to emergency contraception are not supported by science, and they should be eliminated,” Cecile Richards, the president of Planned Parenthood Federation of America, said in a statement on Wednesday.
In December 2011 the secretary of health and human services, Kathleen Sebelius, blocked the sale of the drug to young girls without a prescription, saying there was not enough data to prove it would be safe. In doing so, Ms. Sebelius took the unprecedented step of overruling the Food and Drug Administration, which had moved, based on scientific research, to lift all age restrictions.
I could use some profane language here, but I’ll spare you for the moment. You may be mumbling to yourself too, after you read about Obama’s latest picks for the FCC and Commerce Department.
First the FCC. The New York Times reports: Telecom Investor Named to Be F.C.C. Chairman.
Tom Wheeler, President Obama’s pick to be the next chairman of the Federal Communications Commission, knows all about the most advanced telecommunications systems — of the 19th century.
In his 2008 book “Mr. Lincoln’s T-Mails: How Abraham Lincoln Used the Telegraph to Win the Civil War,” Mr. Wheeler, an investor in start-up technology and communications companies, documents how Lincoln was an “early adopter” of what has been called “the Victorian Internet.”
Lincoln’s championing and advancement of popular uses of the telegraph are not unlike the challenges Mr. Wheeler is likely to face as chairman of the F.C.C., which is waging an intense battle to keep Internet service free of commercial roadblocks and widely available in its most affordable, up-to-date capabilities.
Mr. Wheeler’s qualifications for “one of the toughest jobs in Washington,” Mr. Obama said, include a long history “at the forefront of some of the very dramatic changes that we’ve seen in the way we communicate and how we live our lives.”
“He was one of the leaders of a company that helped create thousands of good, high-tech jobs,” Mr. Obama said, referring to Core Capital Partners, the Washington investment firm where Mr. Wheeler is a managing director. “He’s in charge of the group that advises the F.C.C. on the latest technology issues,” adding that “he’s helped give American consumers more choices and better products.”
But does all that qualify Wheeler to protect consumers at the FCC? From Ars Technica:
President Barack Obama today announced his choice to run the Federal Communications Commission. As reported yesterday, the nominee is Tom Wheeler, a venture capitalist who was formerly a lobbyist at the top of the cable and wireless industries, leading the National Cable Television Association (NCTA) and Cellular Telecommunications & Internet Association (CTIA).
The nomination continues the parade of lobbyists becoming government officials and vice versa, a trend that has favored moneyed interests over the average American citizen and consumer time and again. One can take solace in the fact that Wheeler will be tasked with implementing the communications policies of President Obama, who says he is eager to fight on behalf of consumers and to maintain thriving and open Internet and wireless marketplaces.
But the same President who said “I am in this race to tell the corporate lobbyists that their days of setting the agenda in Washington are over” when he was running for office has given the FCC’s top job to a former lobbyist. Wheeler donated $38,500 to Obama’s election efforts and helped raise additional money for Obama by becoming a “bundler,” arranging for large contributions from other donors after hitting legal limits on personal contributions.
Not surprisingly, the cable and telecom companies that Wheeler springs from are ecstatic about the nomination.
Gotta get rid of those nasty regulations that protect Americans from price gauging, internet censorship, and all that bad stuff.
Next up, behold Obama’s nomination for Commerce Secretary, old pal Penny Pritzker.
Making official what many Democrats have expected for weeks, President Obama plans to nominate Chicago business executive Penny Pritzker, a longtime political supporter and heavyweight fundraiser, as his new Commerce secretary on Thursday morning.
Pritzker’s nomination could prove controversial. She is on the board of Hyatt Hotels Corp., which was founded by her family and has had rocky relations with labor unions, and she could face questions about the failure of a bank partly owned by her family.
With a personal fortune estimated at $1.85 billion, Pritzker is listed by Forbes magazine among the 300 wealthiest Americans. She is the founder, chair and CEO of PSP Capital Partners, a private equity firm, and its affiliated real estate investment firm, Pritzker Realty Group. She played an influential role in Obama’s rise from Illinois state senator to the nation’s 44th president, serving as Obama’s national finance chair in his first campaign for the White House and co-chair of his reelection campaign.
The president is expected to make the announcement at 10 a.m. at the White House.
If confirmed by the Senate, Pritzker would take charge of the administration’s efforts to build relations with business leaders who were often on the sharp end of the president’s first-term rhetoric.
Sigh . . .
This next story is guaranteed to make your blood boil. Bloomberg reports:
It’s been almost three years since Congress directed the Securities and Exchange Commission to require public companies to disclose the ratio of their chief executive officers’ compensation to the median of the rest of their employees’. The agency has yet to produce a rule.
So Bloomberg decided not to wait around any longer and figured out the ratios for us. See the chart at the above link. More:
The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when he was hired in November 2011, according to data compiled by Bloomberg. Gonzales’s hourly wage was $8.30 that year.
Across the Standard & Poor’s 500 Index of companies, theaverage multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, the data show. The numbers are based on industry-specific estimates for worker compensation.
Almost three years after Congress ordered public companies to reveal actual CEO-to-worker pay ratios under the Dodd-Frank law, the numbers remain unknown. As theOccupy Wall Street movement and 2012 election made income inequality a social flashpoint, mandatory disclosure of the ratios remained bottled up at the Securities and Exchange Commission, which hasn’t yet drawn up the rules to implement it. Some of America’s biggest companies are lobbying against the requirement.
“It’s a simple piece of information shareholders ought to have,” said Phil Angelides, who led the Financial Crisis Inquiry Commission, which investigated the economic collapse of 2008. “The fact that corporate executives wouldn’t want to display the number speaks volumes.” The lobbying is part of “a street-by-street, block-by-block fight waged by large corporations and their Wall Street colleagues” to obstruct the Dodd-Frank law, he said.
Are you angry yet? These greedheads are going to keep pushing the envelope until Americans wake up and take to the streets with pitchforks and dust off the guillotines.
My birthplace, North Dakota is changing rapidly–and maybe not in a good way. It turns out the state’s oil is even more plentiful than anyone has realized up till now.
The sea of oil and natural gas underneath North Dakota is far larger than first thought.
There are 7.4 billion barrels of recoverable oil in the western part of the state and extending into Montana, according to the latest estimate by the U.S. Geological Survey.
That’s more than twice the oil the USGS estimated could be recovered five years ago. What’s more, the USGS has nearly tripled its estimate of the natural gas available in the area.
The revised totals could make the North Dakota field the greatest oil and gas find ever in the continental United States, topping the fabled East Texas field that made Texas synonymous with oil wealth. And it would put North Dakota second to Prudhoe Bay as the largest oil producer in U.S. history.
And even this estimate may have to be “revised upward”:
“We think it’s even a little bit conservative,’’ said Ron Ness, president of the North Dakota Petroleum Council.
The new estimate will give fresh momentum to an economic boom within the state that has made it the fastest growing in the nation in both population and incomes. Per capita income has risen to $52,000 a year, sixth-highest in the nation, and once quiet farm towns have been overwhelmed by oil field workers, creating shortages of housing and services.
The USGS said the drilling of 4,000 wells since 2008 in what is known as the Bakken formation has given geologists a better idea of the riches underground. The new analysis also highlights the rapid ascent of North American oil and gas production driven by the advent of the technique known as hydraulic fracturing.
I guess I’m happy about the new jobs and population growth, but it will be sad if North Dakota no longer has clean air and vast open spaces.
You may have heard about this fascinating story–it was up toward the top of Google News much of yesterday. Archaeologists have found strong evidence that Starving Settlers in [the] Jamestown Colony Resorted to Cannibalism. From Smithsonian Magazine:
The harsh winter of 1609 in Virginia’s Jamestown Colony forced residents to do the unthinkable. A recent excavation at the historic site discovered the carcasses of dogs, cats and horses consumed during the season commonly called the “Starving Time.” But a few other newly discovered bones in particular, though, tell a far more gruesome story: the dismemberment and cannibalization of a 14-year-old English girl.
“The chops to the forehead are very tentative, very incomplete,” says Douglas Owsley, the Smithsonian forensic anthropologist who analyzed the bones after they were found by archaeologists from Preservation Virginia. “Then, the body was turned over, and there were four strikes to the back of the head, one of which was the strongest and split the skull in half. A penetrating wound was then made to the left temple, probably by a single-sided knife, which was used to pry open the head and remove the brain.”
Much is still unknown about the circumstances of this grisly meal: Who exactly the girl researchers are calling “Jane” was, whether she was murdered or died of natural causes, whether multiple people participated in the butchering or it was a solo act. But as Owsley revealed along with lead archaeologist William Kelso today at a press conference at the National Museum of Natural History, we now have the first direct evidence of cannibalism at Jamestown, the oldest permanent English colony in the Americas. “Historians have gone back and forth on whether this sort of thing really happened there,” Owsley says. “Given these bones in a trash pit, all cut and chopped up, it’s clear that this body was dismembered for consumption.”
There’s much more at the link.
Now it’s your turn. What are you reading and blogging about today? Please post your links on any topic in the comment thread, and have a great day!
My eyes popped open at 5:30 this morning, and I could not go back to sleep. So while checking my RSS feeds I found a few articles from Alternet that you should take a look at. I will just post the link and a small part of the article to tease you…
First this look at a British documentary that spanned decades, The Brutal Truth About How Childhood Determines Your Economic Destiny
“Give me the child until he is seven,” the old Jesuit teachers say, “and I will give you the man.”
Back in 1964, filmmaker Paul Almond set out to test that theory by documenting the lives of a group of seven-year-old British children. Some were born to the manor; others grew up in charity homes. There were tykes from both the countryside and the city. Almond wanted to know if the destiny of the children had already been scripted by the circumstances of their birth — particularly those of class. His film Seven Up! has grown into a series spanning over five decades. Every seven years, like the cycle in some mythological saga, Michael Apted, the assistant on the original project, has returned to these children as they have morphed before our eyes into awkward adolescents, tentative adults, and now, the paunchy survivors of late middle-age.
As bright-eyed children, participants like Jackie Bassett, the product of a working-class neighborhood, or Andrew Brackfield, who attends a posh prep school, are already miles apart in attitude and habits. Tellingly, the children speak very differently about what they see in their future. Those from the higher ranks already know which universities they’ll attend, while Paul Kligarman, who lives at the charity home, asks plaintively, “What’s a university?”
This article is written by Lynn Parramore, and although I have disagreed with her position before…she does an excellent job on laying out the resulting class structures that conservative policies and austerity bring about…you know, the death of upward mobility.
On to another interesting long reads, this time written by Jennifer Holladay: Why Are 8 Year-Olds Reading Stories That Glorify Rape?
Last spring, my 2nd-grade daughter came home with an extra assignment—a worksheet she hadn’t completed in class for a story called “The Selkie Girl.” She brought the book home, too, and it was one I’d never seen before, a Junior Great Books anthology (Series 3, Book 1), published by the nonprofit Great Books Foundation.
As we settled in, I asked my daughter to tell me about “The Selkie Girl.” Her rendition gave me pause, so I asked her to do her other homework first. She turned to a worksheet, and I cracked the book open.
“The Selkie Girl” is essentially about a magical seal-woman who is kidnapped and raped repeatedly during her long captivity. The man who holds her hostage proclaims early on that “I am in love” and “I want her to be my wife.” When he kidnapped her, “She was crying bitterly, but she followed him.” Later, the narrative tells us, “Because he was gentle and loving, she no longer wept. When their first child was born, he saw her smile.” When her means of escape is discovered, however, she explains quite bluntly to the children she bore: “For I was brought here against my will, 20 years past.”
It’s like the modern-day reality of Jaycee Dugard (who was kidnapped at age 11 in California and held captive with her two children for 18 years), told in folklore for the consumption of young children.
It is disturbing, but as you will read in the article, it goes back to conservative policies…this time the target is in education. I guess you can imagine where the discovery of this story “The Selkie Girl” will lead Holladay as she researches the publisher of the textbook, it is no surprise. Just read it.
On to another alternet post, this time a review of sorts of the latest crap written by Ben Shapiro. Conservatives Are Always Triumphant and Also an Oppressed Minority, According to Notably Stupid New Book
Ben Shapiro makes his living harrumphing over the sins of liberalism, and his new book doesn’t disappoint.
Being a doctrinaire conservative in this day and age requires you to do a lot of cognitive gymnastics. Luckily, the captain of the right’s gymnastic team is Ben Shapiro, who has been an exceptional contortionist since his YAF days, when he simultaneously boasted of his unfashionable virginity and scolded everyone else about their allegedly unconventional sex lives. Ben is married now, and presumably has engaged in heterosexual intercourse, but it hasn’t made him any happier or more relaxed, as he makes his living harrumphing over the sins of liberalism. Hey, just because it’s easy doesn’t mean someone should do it.
Though not himself large, Ben has wrangled, by virtue of being a nuance-impervious loudmouth, the position of editor-at-large at Breitbart.com. (You may recall that this position was once held by Andrew Breitbart himself, until his heart self-detonated rather than listen to him bellow for one more second.) This job entails being a sort of all-purpose complainer, a queen bee fat on the jelly of foundation grants, forever sending out drones to gather the sweet nectar of gripe. Just like that one guy on your Facebook who can’t relate to anything unless it has a Star Wars reference in it, Ben has cranked out book after book of impotent whining about how liberals are ruining everything with their education and their pornography and their crazy rock and roll and their hair. A 79-year-old man in the body of a failed attorney, his books (which I only hesitate to call unreadable because even I have better things to do than read them) attract praise from the kind of people who write books exactly like them — that is to say, endless litanies of alleged liberal treachery and evildoing.
And I will end with this post: Is The American Hemp Renaissance About to Begin?
Kentucky was America’s leading hemp producer in the early 19th century. Now, two hundreds year later, after a historic election for drug policy has led to a shift for marijuana policy reform in America, Kentucky lawmakers are taking steps to revive the crop. While advocates for hemplegalization say the plant could bring a wealth of green jobs to Kentucky, deep-rooted drug stigma and conflict with federal law have made t he legislation’s passing unlikely. Nonetheless, two state bills are in the works, while a federal proposal aims to clear the way for state legalization. Lawmakers suggest the bills could at least open up the conversation about hemp, and clear misconceptions about its use.
Because hemp is increasingly imported from Canada, growing and making it in the US could save the US money and create green jobs at home. Aside from soy, no other plant has shown the potential to create so many different products — from hemp soap to paper and oil. Moreover, hemp rarely requires pesticides, can be grown in the same fields over several consecutive years, and produces biodegradable plastics and biofuels. Lightweight and dense, hemp-limeis a building material that known to be an efficient insulator leaving behind a minimal carbon footprint.
Which, in light of the current Midwestern drought that is bringing about comparisons to the great Dust Bowl, this long read about a historic plant like hemp was actually hopeful. However, like most of the articles I’ve shared today…seeing the problem and actually fixing it are two different things. I don’t know, maybe the real issue is staring us right in the face? Conservative policies don’t work, and it is painfully obvious to me that until we move away from these right-wing ideals…none of the solutions to many of our problems will ever get put into action.
Damn…now that is depressing.
Catch y’all later in the comment section, for now my eyelids are getting heavy and maybe I can get a few more hours sleep in before the kids way up.
I’ve been pretty sanguine about the chances of President Obama being reelected, but I have to admit I’m getting to the point that I could start panicking. I can’t understand why Mitt Romney seems to be doing so well in the polls right now. Seriously? Just because he managed to roll over Jim Lehrer and lie his ass off in a debate? I simply cannot understand why anyone would vote for the policies that Romney and Ryan are running on or why there would be such a sudden reversal in the polls based on outright lies and deception. What exactly is going on here?
Nate Silver, who throughout the campaign has been forecasting an Obama victory, is beginning to reverse course. Yesterday afternoon Silver wrote: Obama’s Swing State ‘Firewall’ Has Brittle Foundation.
President Obama’s position has been stronger in state polls than in national surveys on recent days, a streak that extended itself in Thursday’s polling.
Although Mr. Obama got a distinctly poor poll in Florida, which showed him seven points behind there, the rest of Thursday’s state-level data, like a series of polls by Quinnipiac University and Marist College, were reasonably good for him. In surveys of competitive states that were released over the course of the day, he held the lead with 11 polls to Mitt Romney’s 6.
However, four of the six national tracking polls moved toward Mr. Romney, who also led by one point in a national poll published by Monmouth University.
The case that Mr. Romney’s bounce is evaporating after his debate last week in Denver continues to look a bit thin. The tracking polls aren’t perfect by any means. Some are better than others, but they are a below-average group of polls on the whole. But they do provide useful information about the day-to-day trend in the race, and so far they haven’t shown the sort of reversal that Democrats might have hoped for.
What the hell is going on here? Then last night Silver published another piece: Romney Debate Gains Show Staying Power
Mitt Romney continues to surge in the FiveThirtyEight forecast, and Friday may have featured his best set of polls all year.
The best way to track a change in the polls is to look for instances in which the same firm has surveyed the same state (or the national race) multiple times. The FiveThirtyEight forecast model relies on a procedure very much like this to calculate the overall trend in the race.
Fifteen polls were released on Friday that provided a comparison with another survey conducted between the Democratic convention and last week’s debate in Denver. Mr. Romney gained an average of 4.6 percentage points in these surveys.
The scariest thing is that Romney is gaining in the swing states. Silver admits that many of the polls released on Friday were from Republican leaning firms, but still, it’s frightening.
The only really good news for Democrats is that Mr. Obama had built up a large enough cushion that he could withstand a lot of damage without becoming the underdog. The forecast model still has him clinging to narrow leads in Ohio, Iowa, Wisconsin and Nevada, states that in some combination would give him 270 electoral votes.
Mr. Obama may also be just slightly underperforming the fundamentals in the election. His approval ratings remain near 50 percent, which would ordinarily predict a narrow re-election victory.
But for the first time, it’s really looking like Romney/Ryan could win. For those of us who believe that there will be a gigantic difference in outcomes–especially for women–if Romney becomes president, that is a terrifying prospect. Some liberals have argued that there is little difference between these two candidates. I simply can’t agree. I think the only hope for democracy is to get Obama reelected and then push him to enact policies that will reduce economic inequality and increase individual rights.
Can Obama turn this around? I have to believe he can, but it will obviously take a dramatic improvement in his performance in next Tuesday’s debate. Both candidates are prepping for the debate over the next three days.
In other news, Think Progress pushes back on Paul Ryan’s lies about the Libya situation during the vice presidential debate Thursday night. Ryan claimed that embassy officials had requested increased security for the Benghazi consulate, but that was not true. The requests were for security at the embassy in Tripoli.
Ryan also claimed there were requests for Marines to protect the ambassador, but that is not true either. TP quotes Foreign Policy:
At Thursday night’s debate, Rep. Paul Ryan seemed to suggest that the requests were for Marines to go to Libya, which was not the case. The requests were to extend the tours of a Mobile Security Detachments [MSD] and the Site Security Team [SST] at the U.S. embassy in Tripoli, which are teams of military personnel, not Marines, who can help protect an embassy and its personnel.
There’s more at the link, but pretty much everything Ryan said about Libya during the debate was a lie. So why was it wrong for Biden to laugh at him again?
At HuffPo, Sam Stein writes that Ryan actually requested more stimulus funds from the Obama administration that has previously been known.
During Thursday night’s vice presidential debate, Vice President Joe Biden attacked Rep. Paul Ryan (R-Wis.) for criticizing the president’s stimulus act despite having sent two separate requests for stimulus funds for his district.
Biden was wrong. Ryan sent at least four requests.
A Freedom of Information Act request for correspondence between Ryan’s office and the Environmental Protection Agency, filed by The Huffington Post, unearthed two additional instances in which the Wisconsin Republican petitioned for American Recovery Act funds. In addition, there were many other occasions in which the GOP vice presidential nominee asked the EPA for grant money for projects in Wisconsin’s 1st District, which encompasses Ryan’s hometown of Janesville and has a slight Democratic lean. Combined, the letters muddy Ryan’s claim that the stimulus wasn’t helpful and that government spending, more broadly, doesn’t assist small businesses.
Stein notes that the EPA request could be embarrassing for Republicans:
…the letters’ language reveals a congressman who was involved in reviewing the applications and determining that taxpayer money could be useful economically. Moreover, the direct petitioning of the EPA could prove awkward for the Republican ticket, owing to the insistence among many in the GOP that the agency is a hindrance and should be eliminated.
You can see the original letters at the link.
Horrible, ugly troll and Romney surrogate John Sununu has struck again: Sununu Says Obama Imitating Biden Would Fail. From the Bloomberg TV unofficial transcript:
AL HUNT: Welcome back. We are now joined by former New Hampshire Governor John Sununu, a top Romney surrogate. John, let me ask you. Last night, the Democrats were ecstatic. They say Joe Biden energized us again. Give me your take on the VP debate.
JOHN SUNUNU: If they’re energized by that grotesque display, all the better for it. I thought Joe Biden was on steroids last night. He looked like the Cheshire cat at times and then he looked like the gawker and the stalker. But worse than that was his substance.
“Grotesque display?” Well, I guess it takes one to know one.
HUNT: John, second presidential debate next Tuesday in Hofstra. Do you expect a different Barack Obama, a different Mitt Romney?
SUNUNU: I expect the same Mitt Romney. Mitt is pretty consistent. But I think you’ll probably see a different Barack Obama. They’re probably showing him tapes of Biden’s disgraceful performance and suggesting to him he ought to get wired like that. So I suspect you’ll see a little bit of Joe Biden not only in Joe Biden, as we saw last night, but a little Joe Biden in Barack Obama.
Well that was insightful.
Sorry I don’t have more positive news. I guess we have to hang on until Tuesday night while the media continues to fawn over Romney and Ryan.
What are you reading and blogging about today?