Friday Reads: The Devil’s in their Details

Good Morning!

I totally enjoy this time of year!  The weather cools down and the politics heat up!  Also, Halloween is my favorite holiday!  So, here’s some frightening stories as we head towards the day itself!  I also love all the old spooky movies and the new scary ones!

Rick Santorum says that Satan controls the Film Industry!  Maybe that explains all these great movies I love to watch this time of year!!!

While speaking on a network where televangelists on a daily basis tell viewers that God will reward them financially if they send in contributions, the former senator and presidential candidate spent most of the time criticizing movies for being too materialistic.

Santorum, who has previously said that Satan has control over mainline Protestantism and universities, thanked viewers in advance for seeing the movie.

“This is a tough business, this is something that we’re stepping out,” Santorum said, “and the Devil for a long, long time has had this, these screens, for his playground and he isn’t going to give it up easily.”

Herman Cain says the Devil was behind all those sexual misconduct/harassment charges that plagued his presidential campaign. Those lying witches!!! Burn them at the stake!!!

Then he speculated as to who may have orchestrated the allegations: the Devil.

“It made me realize that there was a force bigger than right,” Cain said.

But that doesn’t mean Cain has given up. Nowadays, Cain fights against the Evil One from the pulpit. Cain has been a member of the same Baptist church in Atlanta — “a church in the hood” — since he was 10, where he now serves as an associate pastor.

Cain preaches that the Devil is “determined to destroy our culture” and that “the family is at the center of our culture and the center of the family is its religious beliefs.”

A recent sermon of his is entitled: “Don’t Give Up, Get Up!” He told the congregation that there are three ways to battle “give-up-itis. You get down on your knees and pray, you write down your blessings, and you turn down the noise in your life.” The noise in Cain’s life is considerably softer than it was two years ago, but he hasn’t called it in just yet.

Then, there’s Ted Cruz’s whacko preacher Dad on exactly how evil the media is when he son is going to help bring on the joyful end times!

The tendency to be outspoken seems to run in the family, because the senator’s father, Rafael Cruz, has also been making headlines over the last few months.

Like his son, Cruz’s father is no stranger to the spotlight. He has spoken at a number of conservative events, including the Heritage Foundation organized “Defund Obamacare Tour,”which took him to cities across the country in August. He’s also becoming a regular on the conservative speaking circuit and on talk radio.

The Cuban immigrant and pastor turned his attention to the media during an interview on Glenn Beck’s radio show last Friday.

“In your previous segment you were talking about imagining America. I’ll tell you what, it almost seemed like I was listening to what was happening in Cuba during Castro,” the Texas senator’s father told Beck. “The very same thing, the ministry of misinformation that you have in all the communist countries. Well, did you know, Glenn, we have a ministry of misinformation in this country? It’s called the liberal media, and they just tell us what they want us to hear. They are rewriting history.”

Beck agreed with Cruz, and pointed out his annoyance with the “liberal media” for “rewriting history.”

“They have an agenda,” the elder Cruz said, “and, unfortunately, the agenda is an evil agenda. It’s an agenda for destroying what this country is all about.”

Here’s a new study for BB to look at! The religious tend to be more likely to lie for financial gain. I’ve already mentioned three that fit this category in this post!

“Everybody lies” was the mantra of Gregory House, the curmudgeonly physician so memorably portrayed by Hugh Laurie. But being a man of science, the brilliant doctor might want to rethink that philosophy in light of new research from Canada.

In an experiment where lying led directly to financial gain, just over 50 percent of the participants told an untruth. That figure is roughly consistent with previous research.

What’s new in this study by University of Regina economist Jason Childs is its breakdown of the personality traits of the liars. Unlike some previous research, he did not find men are more likely to lie than women.

However, he discovered other factors predicted a greater likelihood of telling an untruth—including the assertion that religion plays an important role in your life.

Somewhere (or not), Christopher Hitchens is chuckling.

Of course, I believe there are hells and they are on earth.  Here’s one such example:  5 Shocking Revelations About Hellish Private Juvenile Prisons and the Man Who Profits From Them.  This is a brief review of the HuffPo investigative piece which is itself worth reading.

For the past 25 years, James F. Slattery, YSI’s owner and former owner other for-profit companies, has focused on the bottom line, while generating a huge record of neglect. From creating “welfare hotels” in the ’80s to halfway houses for federal prisoners in the ’90s, Slattery’s living spaces are known for their poor conditions and low-paid workers. Slattery eventually began contracting with the government to run juvenile detention centers. After a few name changes and a merge, YSI now makes hundreds of millions of dollars in federal contracts. In the past 20 years, more than 40,000 youth have gone through YSI’s facilities, which are wrought with unsanitary environments, physical abuse and sexual assault.

Here’s the one thing I wish I wrote about Fama winning the Noble prize finally for his completely debunked rational expectations hypothesis which so many Republicans love to tout.  This basically is one of the reasons our economy went to hell and has stayed there. Markets are not really very efficient at all.

Eugene Fama just received a Nobel Prize for his contributions to the theory of “efficient financial markets,” the dominant theory in financial economics that asserts that markets work ideally if not constrained by government regulation. The fact that economic “science” teaches that unregulated financial markets work effectively helped financial institutions and the rich accomplish their goal of radical financial market deregulation in the 1980s and 1990s. Deregulation, in turn, not only contributed to the rising inequality of the era, it helped cause the global financial market crisis that began in 2007 and the deep recession and austerity fiscal policies that accompanied it.

The theory of efficient financial markets requires the union of two ideas: the “efficient market hypothesis” (or EMH) and optimal (security) pricing theory (OPT). Both the EMH and OPT are built on crudely unrealistic assumptions that would lead anyone not indoctrinated in a mainstream PhD program to conclude that efficient financial market theory is a fairly-tale rather than serious social science.

The EMH is simply an assumption or assertion with no supporting evidence that all information relevant to the correct pricing of securities is known by all market participants. For long-term assets such as stocks and bonds, the relevant information is the cash flows associated with each security in every future time period. Yet it is logically impossible for anyone to know this information because the future is not yet determined in the present; the future is uncertain. Nevertheless, defenders of efficiency adopted the “rational expectations” hypothesis, perhaps the most ludicrous assumption in the history of social science, which asserts that all investors know the correct probability distributions of all future security cash flows and believe that they will not change over time.

So, that’s a little this and that from me this morning.  What’s on your reading and blogging list today? Oh, and name the witches, their names–real and characters–and the movie/tv show for for some fun!

Plus, tell us what’s your favorite Halloween movie so we can all rent it this weekend!!!

Friday Reads: Post Cards from the fractious Right Wing

Good Morning!

This is probably going to strike you as a strange Friday Reads post but a few conversations with folks and this op-ed from economist Simon Johnson got me thinking about the great ongoing right wing conspiracy against Federalism, the New Deal, and the American way of life outside of those that were and still are wild about the good old days of the Confederacy.  I really had a front seat to the Great Republican Purge of Reason, Secularism, and Modernity as a kid during the 1970s and a young adult in the 1980s and 1990s.  I’ve never seen such an enduring crusade in modern times.  It has come together to create a perfect storm and a perfect mess.  The coalition of the crazy is also coming apart at the seams.

With a last-minute agreement on lifting the debt ceiling, the immediate threat of legal and financial disaster from a default on United States government obligations has been averted. But the last week has provided additional insight into how and why the current governmental arrangement known as the United States of America will end.

The mainstream narrative is that the problem is “dysfunctional government” or “paralysis in Washington.” That’s true, up to a point, but the real problem is the steady decline in legitimacy of the federal government – and the way this is related to what has happened on the right of the political spectrum.

For an earlier view of American government, I recommend the World War II trilogy by Rick Atkinson – the third volume of which came out this year (“The Guns at Last Light”). There was plenty of mismanagement, including by the military at all levels, during that conflict. But there were also remarkable achievements. In the 1940s, many people believed, with good reason, in the ability of the federal government to both organize activities at home and to have a positive impact around the world.

This was, perhaps, the most lasting effect of the Great Depression. In the 1930s, the private economy stumbled and private financial arrangements failed in many ways – but, on the whole, government was perceived as stepping in to help.

This positive view of an expanded federal government never sat well with people on the right, but the organized pushback was limited through the 1950s. It was only with the turmoil of the Vietnam War and other social pressures in the 1960s that the conservatives got their chance – starting with political direct mailing (American Target Advertising was founded in 1965), the rise of talk radio (particularly from the 1980s), and early anti-tax campaigns (including Proposition 13, which cut property taxes sharply in California in 1978).

Johnson argues that the right began to take advantage of the social upheaval occurring in the 1960s and 1970s to spin a tail that the Federal Government is something to fear and basically is some beast that needs to be tamed.  As the federal government has acted to expand the rights of women, minorities, and new arrivals to the country, folks empowered by their local governments to suppress anything the local powers that be–white men, the plutocrats, local governments, businesses, and religious institutions–and their ability to abuse the powerless began to coalesce into the Republican party.  The Republican Party has attracted business interests from its very beginning having sprung from the industrial north prior to the Civil War.  What began to change was the realization that it needed to attract other groups in order to expand its interests.  The Southern Strategy was used to attract the racist elements of the old confederacy.  The 1980s saw the party attract Pat Robertson, Jerry Falwell and the religious right wing.  These folks were incensed at advances made by the women’s movement and the budding GLBT rights movement .  Libertarians—another brand of state’s rights and free market true believers–have been brought in by the money of the Kochs and other folks starting think tanks appealing to disenfranchised feeling white men who want their sex lives and pot as they want them, their privileges in tact, and their ability to avoid a draft to a foreign war the way it is.

 There is a widening split in the party between these factions.

In a sign of the internal backlash against the right wing of the House Republican Conference, Louisiana Republican Charles Boustany questioned the political allegiances and motivations of his tea party-aligned colleagues and said they had put the GOP majority at risk in the current shutdown fight.

“There are members with a different agenda,” Boustany said Wednesday in an interview in his office. “And I’m not sure they’re Republicans and I’m not sure they’re conservative.”

His comments came a day after rank-and-file House Republicans rejected a package to reopen the government authored by their own leader, Speaker John Boehner. The result is that a bipartisan Senate-authored deal to end the two-week government shutdown appears poised to pass with almost nothing of substance gained by House conservatives for the shutdown they precipitated.

“The speaker has said consistently unless we can put 218 votes up, and preferably more than that, our ability to negotiate is pretty much undermined and that’s the problem we’ve repeatedly found ourselves in,” said Boustany, who has served since 2005 and is a senior member of the Ways and Means Committee. “Look at payroll tax. Look at fiscal cliff. You can go on and on. There are a handful of members – the numbers sort of vary, it’s in the 20-30 range – that are enough to derail a Republican conservative agenda in the House.”

Democracy Corp’s recent poll identified some of the major factions within the party. Each of them have extremely strong views and none of them are particularly palatable to the majority of Americans.   The base voters have to hang together on each other’s extremist positions or they hang alone.  Increasingly it looks like they may hang along.  This is recent analysis from Bill Moyers’ group is by Joshua Holland.

Democracy Corps – a Democratic-leaning polling firm – released a study this week based on a series of focus groups they conducted with loyal Republican voters. They divided them up into three sub-groups which together represent the base of the party. Evangelicals represent the largest group, followed by Republicans who identify with the tea party movement. “Moderates,” the third group, make up about a quarter of the party’s base, according to the pollsters.

Fear of a changing society is one thing that unites all three factions. The battle over Obamacare, write the study’s authors, “goes to the heart of Republican base thinking about the essential political battle.”

They think they face a victorious Democratic Party that is intent on expanding government to increase dependency and therefore electoral support. It starts with food stamps and unemployment benefits; expands further if you legalize the illegals; but insuring the uninsured dramatically grows those dependent on government. They believe this is an electoral strategy — not just a political ideology or economic philosophy. If Obamacare happens, the Republican Party may be lost, in their view.

And while few explicitly talk about Obama in racial terms, the base supporters are very conscious of being white in a country with growing minorities. Their party is losing to a Democratic Party of big government whose goal is to expand programs that mainly benefit minorities. Race remains very much alive in the politics of the Republican Party.

They worry that minorities, immigrants, and welfare recipients now believe it is their “right” to claim [public] benefits. Tea Party participants, in particular, were very focused on those who claim “rights” in the form of government services, without taking responsibility for themselves.

They are also unified in their belief that Obama is a usurper who has hoodwinked the public into re-electing him by hiding his true beliefs, which are essentially Marxist. They also think that Democrats have won the major political battles of our time because Republican legislators in Washington didn’t put up a fight.

But there are also deep divisions within the base, according to the analysis. Evangelicals still focus overwhelmingly on social issues. They think gay rights are the biggest threat to our society, but they also worry about the loss of what they see as an idyllic small-town culture. They feel besieged as the cultural ground shifts beneath them, and see themselves as a beleaguered, “politically incorrect” minority.

Tea partiers display a libertarian streak, and are far less concerned with social issues. They are staunchly pro-business. But there’s an easy alliance between these two groups – which make up well over half of the GOP base – because Evangelicals think the tea partiers are fighting back, and vice versa.

Both groups displayed a high level of paranoia, according to the researchers who conducted the study. They noted that this was the first time, in many years of conducting focus groups, that participants worried that their participation might trigger surveillance by the NSA or an audit by the IRS. In addition to thinking that Obama is a liar, and a covert Communist, these two groups were also more likely to express the belief that he is secretly a Muslim.

The moderates were, as one might expect, quite different. Like the tea partiers, they don’t worry as much about social issues. Their concerns are traditionally conservative – they worry about excessive regulation and taxation. They have a hard time taking Fox News seriously, and hold a deep disdain for the tea party faction. They are also keenly aware of their waning influence within the coalition.

Moderates are not so sure about their place in the current Republican Party. They worry about the ability of Republicans in Congress to make government work. They believe the party is stuck, not forward-looking, and representative of old ideas. They worry about the Republican Party’s right turn on social and environmental issues — which makes it difficult, especially for young moderates — to view the Republican Party as a modern party.

Unlike the tea partiers and Evangelicals, the moderate faction desperately wants lawmakers in Washington to find a common middle ground. They are less likely to worry about unauthorized immigration than the rest of the base, and some went so far as to speak positively about immigrants’ contributions to our society and economy.

I had a front seat to the first of the purges of moderates that occurred in the reddest of the red states.  The media really didn’t notice it because they generally don’t spend much time in the great fly over where the first purge came from the religious right and really played out royally during the Clinton Years.  They’ve been a little bit more cognizant of the rising power of the Libertarians since many of the young white media males are in their number.  These groups are getting increasingly more difficult to herd as John Boehner has found out.  They are no longer content to sit in the county and city level party structures working for the usual Republican suspects put forth by the Chamber of Commerce.  They’ve infiltrated enough of the state offices to be able to move into the District  and Congress.  It’s driving the establishment Republicans crazy.  But, it’s also what they more or less asked for given their strategies.  Did they really think these groups were going to be content with meaningless platform stands and not much else?

The Tea Party which is increasingly made up of not only right wing populists but the religious right is sure to cause more problems for Boehner and the  Beltway regulars. There is a future fight ahead to see if the current status quo will hold very long.

The deal extends funding for the government through Jan. 15. Republicans are now very, very invested in not triggering another government shutdown. Much more invested than they were last month, when party leaders got forced into shutting down the government against their better collective judgment.

Democrats won’t shut down the government. They’re not going to make demands unrelated to the issue at hand, like Republicans just did, and refuse to fund the government unless they get their ransom. But they will fight harder than ever to ease sequestration, and their leverage will come both from the deadline and the House GOP’s inability to govern itself. This is where the dynamic between Boehner and his hardliners will become relevant again. The only way for him to beat back Democratic demands without shutting down the government will be to pass appropriations in some form that neither exceed sequestration nor include the kinds of extraneous riders that will invite easy veto threats from Obama.

This will be an immense challenge. Hardliners aren’t particularly interested in funding the government without demanding ransoms, and even if they were, it might not be possible at the funding levels the party supports. Earlier this year they had to yank the one domestic appropriations bill they’d hoped to pass on the floor, because it was too austere for Democrats and moderate Republicans, and not radical enough for the hardliners.

They’re not going to get a lot of help from Democrats if they try to appropriate at 2014 sequestration levels. And if they can’t appropriate on their own, without once again dragging Obamacare into the equation, they’ll have a problem.

At heart, in all of this discussion of the deficit and spending, will be the call for bringing down both Social Security and Medicare. This continues to be a hard sell to the American people but seems like an inevitable discussion as one more bipartisan group sits down for talks.  

The last-minute agreement didn’t eliminate the core conflict in Congress over fiscal policy, and the temporary funding extension for the government expires on Jan. 15. The debt ceiling increase expires Feb. 7.

Republicans say that in the next round of budget talks they will still refuse to raise taxes, while Democrats say they won’t cut entitlements such as Social Security and Medicare without more tax revenue.

House Republicans vowed to keep chipping away at the Patient Protection and Affordable Care Act, the president’s signature achievement of his first term.

“We haven’t really resolved any of the big issues,” said Dan Meyer, who was chief of staff to Newt Gingrich when the former House speaker was confronting Clinton over the budget. “He didn’t get more revenue. He didn’t get the sequester caps lifted. All those decisions were punted.”

Everything’s been punted.  We’re going to have to see if what we’ve gotten ourselves a new catfood commission. We do know that the Republicans will be coming for whatever they can grab for their extremist factions.  Need Birth Control?  No way!   Want to access your right to an abortion?  Try a quick plane trip to a blue state?  Need an increase in your Social Security?  Nah, too generous granny!   I can see it all coming now.

What’s on you reading and  blogging list this morning?