There’s been quite a few economists weighing in on the debate going on in congress about the budget. Paul Krugman’s op-ed is on “The Austerity Delusion”. Krugman’s appalled that more policymakers aren’t concerned with the high rate of unemployment which is contributing to the deficit in several ways. First, it decreases tax revenues. Second, it increases state and federal expenditures. Solve the jobs problem and the deficit will decrease. He’s worried that all this austerity will just bring on another economic slowdown.
Why not slash deficits immediately? Because tax increases and cuts in government spending would depress economies further, worsening unemployment. And cutting spending in a deeply depressed economy is largely self-defeating even in purely fiscal terms: any savings achieved at the front end are partly offset by lower revenue, as the economy shrinks.
So jobs now, deficits later was and is the right strategy. Unfortunately, it’s a strategy that has been abandoned in the face of phantom risks and delusional hopes. On one side, we’re constantly told that if we don’t slash spending immediately we’ll end up just like Greece, unable to borrow except at exorbitant interest rates. On the other, we’re told not to worry about the impact of spending cuts on jobs because fiscal austerity will actually create jobs by raising confidence.
Politico features a series of Former CEA members who signed a letter of concern on the deficit and unsustainable US Budgets. Too bad that people like Greg Mankiw–advisor to Dubya–didn’t speak up when the spending problems were originated. They mostly trace to Reagan and Bush administrations. They all suggest using the Cat food commission report as the focus of discussions. Hang on to your social security, folks! It’s going to be a bumpy ride.
As former chairmen and chairwomen of the Council of Economic Advisers, who have served in Republican and Democratic administrations, we urge that the Bowles-Simpson report, “The Moment of Truth,” be the starting point of an active legislative process that involves intense negotiations between both parties.
There are many issues on which we don’t agree. Yet we find ourselves in remarkable unanimity about the long-run federal budget deficit: It is a severe threat that calls for serious and prompt attention.
While the actual deficit is likely to shrink over the next few years as the economy continues to recover, the aging of the baby-boom generation and rapidly rising health care costs are likely to create a large and growing gap between spending and revenues. These deficits will take a toll on private investment and economic growth. At some point, bond markets are likely to turn on the United States — leading to a crisis that could dwarf 2008.
“The Moment of Truth” documents that “the problem is real, and the solution will be painful.” It is tempting to act as if the long-run budget imbalance could be fixed by just cutting wasteful government spending or raising taxes on the wealthy. But the facts belie such easy answers.
I suppose you know the professional insane Republican Michelle Bachmann is forming an exploratory committee for a possible presidential run. I’d vote for any one’s dog before I’d consider Bachmann who doesn’t appear to have paid attention to any course she ever attended in school. I’ve never in my life heard any one outside of maybe a grade school that has such a bad grasp of American History, law, and politics. I think she should’ve just gotten a mail order degree. Education appears to have been wasted on her.
CNN has exclusively learned that Rep. Michele Bachmann will form a presidential exploratory committee. The Minnesota Republican plans to file papers for the committee in early June, with an announcement likely around that same time.
But a source close to the congresswoman said that Bachmann could form the exploratory committee even earlier than June so that she could participate in early Republican presidential debates.
“She’s been telling everyone early summer,” the source told CNN regarding Bachmann’s planned June filing and announcement. But the source said that nothing is static.
“If you [debate sponsors] come to us and say, ‘To be in our debates, you have to have an exploratory committee,’ then we’ll say, ‘Okay, fine…I’ll go file the forms.'”
The Justice Department announced the indictment late Thursday, which charges Doug Hampton with seven counts of violating criminal conflict of interest laws for allegedly engaging in unlawful communication with Ensign’s office, violating the Senate’s “revolving door” policy.
According to the indictment, after Hampton left Ensign’s office in 2008 he “knowingly and willfully made, with the intent to influence, communications to staff members of the U.S. senator” on behalf of an energy company he was employed by at the time.
Hampton is alleged to have sought the assistance of Ensign and other staff members for help in moving forward a proposal to build a power plant in eastern Nevada.
Hampton, if convicted, could face up to five years in prison for each of the seven counts in the indictment. He is set to be arraigned in U.S. District Court in Washington, D.C. on March 31.
Ensign is retiring. Probably because of all the scuttlebutt around his affairs and possibly what may come out of this prosecution. Maybe Tom Delay will have a new cell mate on the way.
Glenn Greenwald has written an excellent piece in Salon on withering Miranda rights under the Obama administration. You may want to check it out.
The number of instances in which Obama has violently breached his own alleged principles when it comes to the War on Terror and the rule of law are too numerous to chronicle in one place. Suffice to say, it is no longer provocative or controversial when someone like Yale Law Professor Jack Balkin writes, as he did the other day, that Obama “has more or less systematically adopted policies consistent with the second term of the George W. Bush Administration.” No rational person can argue that or even tries to any longer. It’s just a banal expression of indisputable fact.
Today, the Obama DOJ unveiled the latest — and one of the most significant — examples of its eagerness to assault the very legal values Obama vowed to protect. The Wall Street Journal reports that “new rules allow investigators to hold domestic-terror suspects longer than others without giving them a Miranda warning, significantly expanding exceptions to the instructions that have governed the handling of criminal suspects for more than four decades.” The only previous exception to the 45-year-old Miranda requirement that someone in custody be apprised of their rights occurred in 1984, when the Rehnquist-led right-wing faction of the Supreme Court allowed delay “only in cases of an imminent safety threat,” but these new rules promulgated by the Obama DOJ “give interrogators more latitude and flexibility to define what counts as an appropriate circumstance to waive Miranda rights.”
Instead of “Old Testament justice,” federal prosecutors seek “authentic cooperation” from corporations in trouble, urging them to come forward voluntarily and reveal their illegalities. In exchange, prosecutors will offer a deal. If companies pay the fine set by the prosecutor and submit to probationary terms for good behavior, perhaps an outside monitor, then government will defer prosecution indefinitely or even drop it entirely. The corporation thus avoids the stigma of a criminal trial and the bad headlines that depress stock prices. More to the point, the “deferred prosecution agreement,” as it’s called, allows the company to escape the more severe consequences of criminal conviction—the loss of banking and professional licenses, charters, deposit insurance or other government benefits, including eligibility for federal contracts and healthcare programs. In other words, the punishment prescribed in numerous laws.
“With cooperation by the corporation, the government may be able to reduce tangible losses, limit damage to reputation, and preserve assets for restitution,” the Justice Department’s authorizing memorandum explained in 2003. “A deferred prosecution or non-prosecution agreement can help restore the integrity of a company’s operations and preserve the financial viability of a corporation that has engaged in criminal conduct.”
The favored argument for the more conciliatory approach was that criminal indictment may amount to a death sentence for a corporation. The fallout will destroy it, and the economy will lose valuable productive capacity. The collateral consequences are unfair to employees who lose jobs and stockholders who lose wealth. Corporate defenders cited Arthur Andersen, the giant accounting firm that imploded after it was convicted in 2002 of multiple offenses in Enron’s collapse. But was it the firm’s indictment or its criminal behavior that caused clients, accountants and investors to abandon it?
A better name for the Justice Department’s softened policy might be “too big to prosecute.”
Wanna rob a bank? Don’t do it with a gun. Just become its President and do what you want to do.
Women arrested by the Egyptian police during protests in Cairo’s Tahrir Square were subjected to forced ‘virginity tests’, according to Amnesty International.
Eighteen demonstrators were detained after army officers cleared the square on March 9 at the end of weeks of protest.
Amnesty today said that the women had been beaten, given electric shocks and then subjected to strip searches while being photographed by male soldiers.
They were then given ‘virginity checks’ and threatened with prostitution charges if medics ruled they had had sex, according to the charity.
Just when you think things will get better, something comes along that just makes things look worse.
So, what’s on your reading and blogging list today?
Did you like this post? Please share it with your friends:
Donald Segretti, professional Republican CREEP circa 1970
One of the things that I’ve noticed about Republican politics and politicians is that they really haven’t given up the Donald Segretti tactics of the Nixon Years. If any thing, they’ve adopted a new version that combines the lunacy of JackAss and the immaturity of early Ashton Kutcher. They film themselves committing cons and use the internet to spread sex, lies, and videotapes. I’ve definitely seen and experienced the sadistic huckster aspect of the fetus fetishists. They’ll lie, stalk, steal, and shoot and harm people to further their crusades. This isn’t opposition research. This is opposition fictional narrative and dirty tricks for dirty Republicans. Anything justifies getting the agenda done.
Now, we have the latest graduate of the Donald Segretti School of Young Republican Morality. Will this email help undo the right wing extremist reign of Wisconsin’s Governor Scott Walker? One can only hope against hope that the governor responded as eagerly to this email as he did with the suggestions from the fake David Koch which included sending thugs into peaceful labor protests. This is from Wisconsin Watch.
An Indiana deputy prosecutor and Republican activist resigned Thursday after the Wisconsin Center for Investigative Journalism uncovered an email to Gov. Scott Walker in which he suggested a fake attack on the governor to discredit union protesters.
Carlos F. Lam submitted his resignation shortly before the Center published a story quoting his Feb. 19 email, which praised Walker for standing up to unions but went on to say that the chaos in Wisconsin presented “a good opportunity for what’s called a ‘false flag’ operation.”
“If you could employ an associate who pretends to be sympathetic to the unions’ cause to physically attack you (or even use a firearm against you), you could discredit the unions,” the email said.
Carlos Lam: Donald Segretti Wannabe
“Currently, the media is painting the union protest as a democratic uprising and failing to mention the role of the DNC and umbrella union organizations in the protest. Employing a false flag operation would assist in undercutting any support that the media may be creating in favor of the unions. God bless, Carlos F. Lam.”
At 5 a.m. Thursday, expecting the story to come out that day, Lam called his boss, Johnson County, Ind., Prosecutor Brad Cooper, and told him he had been up all night thinking about it.
“He wanted to come clean, I guess, and said he is the one who sent that email,” Cooper said.
He came into the office and gave his resignation verbally, Cooper told the Daily Journal in Franklin, Ind. The resignation was announced after the Center’s initial story was published.
James O'Keefe, professional Republican CREEP circa 2010
Lila Rose, Snookie of the Fetus Festishists, also professional Republican CREEP
We get to now add a third name to the young Republicans gone wild. This crew is the equivalence of the Jersey Show cast. They are over-the-top crazies seeking the spotlight and money doing appalling things. What I want to know aren’t they in jail for running confidence schemes?
Did you like this post? Please share it with your friends:
“Both sides have agreed on the main points of departure, and Saturday is expected to be the day that Saleh and General Ahmar both step down,” according to a senior official familiar with the negotiations.
It couldn’t be determined which individuals were being considered as candidates for any transitional authority as talks continued late Thursday between the two leaders.
The support for mainstream opposition party leaders is unclear across the rugged and largely conservative country. Meanwhile, traditional tribal leaders who have great social standing would face problems exerting authority over rival tribes.
The participation of the Muslim world in the United Nations no-fly zone over Libya has been underlined. The measure was called for by the Arab League, which has not in fact changed its mind about its desirability. Qatar is expected to be flying missions over Libya by this weekend. Other Arab League countries will give logistical support.
It is significant that the Arab League is supporting this action. The GCC (Gulf Cooperation Council)–an organization that is an essential part of my research on trade–is also trying to curb problems in Bahrain. This is significant because it shows that region is actively trying to create situations to jointly improve the conditions in the region.
Meanwhile, the people of Syria may be closer to the goals of their mostly peaceful protests. Syria is one of the most repressed countries in the region and has been under martial law for 50 years. Clashes between protesters and the government have increased recently.
President Bashar al-Assad made a rare public pledge to look into granting Syrians greater freedom on Thursday as anger mounted following attacks by security forces on protesters that left at least 37 dead.
Syrian opposition figures said the promises did not meet the aspirations of the people and were similar to those repeated at regular Baath Party conferences, where committees would be formed to study reforms that do not see the light of day.
“The leadership is trying to absorb the rage of the streets. We want to see reform on the ground,” said a protester in the southern city of Deraa.
A hospital official said at least 37 people had been killed in the southern city of Deraa on Wednesday when security forces opened fire on demonstrators inspired by uprisings across the Arab world that have shaken authoritarian leaders.
While an aide said Assad would study a possible end to 48 years of emergency rule, a human rights group said a leading pro-democracy activist, Mazen Darwish, had been arrested.
It’s exciting to watch the move to democracy and modernity in a region known for strongmen dictators, kings, and harsh political oppression. This will be an interesting situation to watch. I only hope that the people get what they are hoping for and that modernity and better treatment of women are part of the equation. Some of the states–like Qatar and the UAE–are further along in this pursuit than others. Yemen and Syria are perhaps the most dangerous parts of the equation. The Shia-Sunni dynamic is present and that always makes for a delicate situation.
Also, SOS Hillary Clinton will be making a statement shortly. We will try to keep you updated and give you interesting links as these new developments unfold.
Did you like this post? Please share it with your friends:
I’ve got a potpourri of news items for you this morning. I realize I’ve been focusing too heavily on stories from the Middle East and Africa. I’ve just so gotten fascinated with all the rebellions going on. Anyway, this post will be dedicated to stories about events in the U.S.
Yesterday we lost the last great movie star, Elizabeth Taylor. She had been in the hospital for weeks with congestive heart failure. Today she died, at 79. From The New York Times:
By the time Elizabeth Taylor left this mortal coil at 79, she had cheated death with a long line of infirmities that had repeatedly put her in the hospital — and on front pages across the world — and in 1961 left her with a tracheotomy scar on a neck more accustomed to diamonds. The tracheotomy was the result of a bout with pneumonia that left her gasping for air and it returned her to the big, bountiful, hungry life that was one of her greatest roles. It was a minor incision (later, she had surgery to remove the scar), but it’s easy to think of it as some kind of war wound for a life lived so magnificently.
Unlike Marilyn, Liz survived. And it was that survival as much as the movies and fights with the studios, the melodramas and men (so many melodramas, so many men!) that helped separate Ms. Taylor from many other old-Hollywood stars. She rocketed into the stratosphere in the 1950s, the era of the bombshell and the Bomb, when most of the top female box-office draws were blond, pneumatic and classifiable by type: good-time gals (Betty Grable), professional virgins (Doris Day), ice queens (Grace Kelly). Marilyn Monroe was the sacrificial sex goddess with the invitational mouth. Born six years before Ms. Taylor, she entered the movies a poor little girl ready to give it her all, and did.
Ms. Taylor, by contrast, was sui generis, a child star turned ingénue and jet-setting supernova, famous for her loves (Eddie & Liz, Liz & Dick) and finally for just being Liz. “I don’t remember ever not being famous,” she said. For her, fame was part of the job, neither a blessing (though the jewels were nice) nor a curse. Perhaps that’s why she never looked defeated, unlike those who wilt under the spotlight. In film after film she appears extraordinarily at ease: to the camera born. She’s as natural in “National Velvet,” the 1944 hit that made her a star at 12, as she is two decades later roaring through “Who’s Afraid of Virginia Woolf,” proving once again that beauty and talent are not mutually exclusive, even in Hollywood.
I’m sure Liz would not be surprised to learn that the Westboro Baptist Church will picket her funeral. She was close friends with many gay men in Hollywood–Rock Hudson, James Dean, Montgomery Clift among them–and she worked tirelessly for AIDS causes. Meanwhile the pastor and members of the Westboro Baptist Church are mean-spirited, soulless haters.
With the death of Elizabeth Taylor, the last of the Hollywood greats is finally gone. True to form – never a lady, barely ever a girl – this tough broad supreme battled on against ill-health for decades after her contemporaries overdosed on barbiturates, booze and self-loathing. And at a time when professional beauties seem terrified to show any sign of ageing lest they be shunted into character cameos in favour of some fresher flesh, Taylor was fascinating for being far less interested in leaving a good-looking corpse than in wringing every drop of the juice from every inch of the ride.
If that sounds a somewhat lewd metaphor, all the better. Married eight times, she was the anti-Marilyn; rather than combine a child’s face with an adult body and be prey to all the weirdos who might be attracted to such a pervy paradox, Taylor was a woman of the world from the get-go. Child stars are notorious for spending a couple of years on the ugly step while the studios wait for them to outgrow adolescent awkwardness, but she went straight from hugging Lassie to snogging Montgomery Clift, it seemed.
To see the teenage Taylor draw Clift towards her in the masterpiece A Place In The Sun (from the book of Theodore Dreiser’s An American Tragedy) with the words “Tell Mama – tell Mama all” is to witness one of the most extraordinary portrayals of lust ever created. And it didn’t stop when the cameras did; years later, according to her housekeeper, Marilyn Monroe would become obsessed with the apparently gay Montgomery Clift and repeatedly complain; “Liz Taylor has the Oscar, she has children, she even has Monty – she has everything!”
From being denounced by the Vatican in the Sixties as “an erotic vagrant” (I think they meant it as an insult, but it sounds gorgeous to me) to being hailed by the director of the UCLA Aids Institute as the “the Joan of Arc of Aids activism”, Taylor lived her life according to her own rules – more Wife of Bath than untouchable ideal of feminine perfection. Looking at the insipid contemporary film-star likes of Gwyneth Paltrow, for whom eating half a cupcake seems a walk on the wild side, this cursing, drinking, swashbuckling goddess is a reminder of when hell-raisers didn’t automatically have to be as mad, bad and sad as Charlie Sheen and Mel Gibson.
Here’s a nice video tribute I found on YouTube:
Now for the rest of the news, which as usual isn’t very good. The Republicans are trying to increase poverty by attacking food stamps and worker’s rights at the same time! They want to cut of food stamps for an entire family if one member goes on strike.
…[A] group of House Republicans is launching a new stealth attack against union workers. GOP Reps. Jim Jordan (OH), Tim Scott (SC), Scott Garrett (NJ), Dan Burton (IN), and Louie Gohmert (TX) have introduced H.R. 1135, which states that it is designed to “provide information on total spending on means-tested welfare programs, to provide additional work requirements, and to provide an overall spending limit on means-tested welfare programs.”
Much of the bill is based upon verifying that those who receive food stamps benefits are meeting the federal requirements for doing so. However, one section buried deep within the bill adds a startling new requirement. The bill, if passed, would actually cut off all food stamp benefits to any family where one adult member is engaging in a strike against an employer:
The bill also includes a provision that would exempt households from losing eligibility, “if the household was eligible immediately prior to such strike, however, such family unit shall not receive an increased allotment as the result of a decrease in the income of the striking member or members of the household.”
Ho-hum. Another day, another set of Peterson patsies explaining yet again why Grandma must starve so that their billionaire bosses and their buddies can keep their twenty-odd homes in the Hamptons and Hobe Sound:
Writing today on the op-ed page of The Washington Post, Robert Pozen makes the casethat liberals should support changes to Social Security. Mr. Pozen is a Democrat , though not necessarily a liberal one; he is a financial executive who served on President George W. Bush’s Social Security commission and in Mitt Romney’s administration in Massachusetts. But his argument is worth considering, whether you’re liberal or conservative.
So what’s the argument that the Pozen part of the Leonhardt-Pozen Legion of Doom tag team’s presenting? It’s their old favorite, the “Social Security is less progressive than it seems” bit of twaddle. How old is it? Why, it even comes pre-debunked, that’s how old it is.
To learn more, click on the link above.
I highly recommend reading this piece by Jeff Kaye, who has been researching and writing about torture for years now. He and Jason Leopold have been working together on a series at Truthout.
As part of a new investigative story, Truthout has published documents written by the former psychologist for SERE, and later CIA contract interrogator for the Bush torture program, Bruce Jessen. Before going to work for the CIA with his former SERE partner, psychologist James Mitchell, Jessen authored a 2002 “draft exploitation plan” for military use, based on his experiences as a SERE instructor. The newly-discovered documents, provided to Truthout by former SERE Air Force Captain Michael Kearns, were written back in 1989 when Jessen was transferred from his clinical role elsewhere in SERE to help staff a new survival training course for Special Mission Units undertaking dangerous assignments for Special Operations forces abroad.
Jason Leopold and I co-authored the new story, which includes a video interview with Captain Kearns, who helped hire Jessen back in 1989 for his new SERE role helping put together the class titled SV-91. The documents include notes for a portion of that class, known as “Psychological Aspects of Detention.” The other document is a paper by Jessen, “Psychological Advances in Training to Survive Captivity, Interrogation and Torture,” which was prepared for a symposium at that time: “Advances in Clinical Psychological Support of National Security Affairs, Operational Problems in the Behavioral Sciences Course.”
Jessen’s notes, in particular, demonstrate that this course material, which was “reverse-engineered” to provide a blueprint for the interrogation and detention policies of the Bush administration — some of which remain in use today — emphasized not just the ways to coercively interrogate an individual for intelligence purposes, but to “exploit” the detainee for a number of uses.
From Catherine Rampell at the NYT Economix blog: More Americans Dropping Out of the Labor Force. Apparently the drop in participation is not just due to the economic crisis. According to Rampell, more women are choosing not to work than in the past, and the the pending retirements of baby boomers are big contributors to the phenomenon.
This piece at The Daily Beast is a few days old, but still worth reading: Obama’s War on Schools
Over the past year, I have traveled the nation speaking to nearly 100,000 educators, parents, and school-board members. No matter the city, state, or region, those who know schools best are frightened for the future of public education. They see no one in a position of leadership who understands the damage being done to their schools by federal policies.
They feel keenly betrayed by President Obama. Most voted for him, hoping he would reverse the ruinous No Child Left Behind (NCLB) legislation of George W. Bush. But Obama has not sought to turn back NCLB. His own approach, called Race to the Top, is even more punitive than NCLB. And though over the past week the president has repeatedly called on Congress to amend the law, his proposed reforms are largely cosmetic and would leave the worst aspects of NCLB intact.
Kevin Harpham, 36, of Colville, Washington, made the plea during an arraignment hearing in federal court in Spokane. Harpham faces trial on charges of attempting to use a weapon of mass destruction and for possessing an unregistered explosive device.
Federal authorities arrested Harpham March 9, nearly two months after the January 17 discovery of a backpack containing a bomb along the Martin Luther King Day parade route in Spokane. The explosive device was found and disabled before the event began.
Officials called it an incident “of domestic terrorism” that could have resulted in “mass casualties,” had the bomb gone off.
Honestly, baseball should strike Bonds’ hitting records. It’s disgrace that he gets credit for passing Hank Aaron in home runs. Anyone who saw Bonds when he was younger had to know he was using steroids to get so big.
After suffering through a “living hell” during negotiations on the healthcare law, former Rep. Bart Stupak (D-Mich.) finds it hard, a year later, to distance himself from his pivotal role.
“I guess I’m the face of healthcare,” Stupak told The Hill in an interview this week. “It goes with the territory.”
Last March, Stupak became the object of a flood of threats and obscene messages, left at his office and his home, as he helped hammer out a deal between anti-abortion-rights Democrats and the White House that was instrumental in passing healthcare reform through the House by a single-digit-margin.
Cry me a river, Bart.
That’s about all I’ve got for today. What are you reading and blogging about?
Did you like this post? Please share it with your friends:
“No RIP Elizabeth Taylor who spent her life in adultery and enabling proud f-gs. They cuss her in hell today. #Westboro will picket funeral!” tweeted Margie Phelps, daughter of Westboro Baptist Church pastor Fred Phelps.
Actually, I can see her laughing at that big time with those bright violet eyes sparkling.
Consider this an open thread.
Did you like this post? Please share it with your friends:
The Sky Dancing banner headline uses a snippet from a work by artist Tashi Mannox called 'Rainbow Study'. The work is described as a" study of typical Tibetan rainbow clouds, that feature in Thanka painting, temple decoration and silk brocades". dakinikat was immediately drawn to the image when trying to find stylized Tibetan Clouds to represent Sky Dancing. It is probably because Tashi's practice is similar to her own. His updated take on the clouds that fill the collection of traditional thankas is quite special.
You can find his work at his website by clicking on his logo below. He is also a calligraphy artist that uses important vajrayana syllables. We encourage you to visit his on line studio.
Recent Comments