Saturday Reads: Mitt the Twit, The Churchill Bust, And Much More

Posted: July 28, 2012 | Author: | Filed under: 2012 presidential campaign, Barack Obama, Corporate Crime, Diplomacy Nightmares, Mitt Romney, morning reads, U.S. Politics | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , | 24 Comments

President Barack Obama shows Prime Minister David Cameron of the United Kingdom a bust of Sir Winston Churchill in the private residence of the White House, July 20, 2010. (Official White House Photo by Pete Souza)

Good Morning!

Mitt Romney’s gaffetastic journey began before he even arrived in London when the Telegraph published this now-infamous article based on interviews with some Romney “advisers” who indicated that Mitt would Mitt would “restore ‘Anglo-Saxon’ relations between Britain and America.” The advisers also said that Romney would

seek to reinstate the Churchill bust displayed in the Oval Office by George W. Bush but returned to British diplomats by Mr Obama when he took office in 2009. One said Mr Romney viewed the move as “symbolically important” while the other said it was “just for starters”, adding: “He is naturally more Atlanticist”.

Romney claims he “does not know who these advisers are,” but he apparently agrees with them about the Churchill bust because last night

he told a group of more than 200 supporters in [a] hotel in the heart of London…[that] he is “looking forward” to returning the bust of Winston Churchill to the White House after it was sent back to Great Britain by President Obama.

Mitt the Twit told these supporters [actually wealthy banksters involved in the LIBOR scandal] that he was deeply impressed by the statue of Churchill in London.

The GOP candidate, who suffered a brutal day of press after he suggested that he wasn’t sure the London Olympics would go off without a hitch, spoke highly of the British monuments — singling out the Churchill statue — that he said he got a firsthand look at while stuck in traffic — likely caused by the Olympic Games.

“You live here, you see the sites day in and day out, but for me as I drive past the sculpture of Winston Churchill and see that great sculpture next to Westminster Abbey and Parliament and with him larger than life, enormous heft of that sculpture suggesting the scale of the the grandeur and the greatness of the man, it tugs at the heart strings to remember the kind fo [sic] example that was led by Winston Churchill,” said Romney, speaking in a ballroom at the Mandarin Oriental hotel on the edge of Hyde Park.

Boy, he really laid it on thick, didn’t he? But Mitt the Twit was misinformed, as were the “advisers” that he says he doesn’t know. It turns out that the Churchill bust never left the White House! The White House put up a “fact check” post to clear up the misinformation, although they studiously avoided mentioning Romney.

Lately, there’s been a rumor swirling around about the current location of the bust of Winston Churchill. Some have claimed that President Obama removed the bust of Winston Churchill from the Oval Office and sent it back to the British Embassy.

Now, normally we wouldn’t address a rumor that’s so patently false, but just this morning the Washington Post’s Charles Krauthammer repeated this ridiculous claim in his column. He said President Obama “started his Presidency by returning to the British Embassy the bust of Winston Churchill that had graced the Oval Office.”

This is 100% false. The bust still in the White House. In the Residence. Outside the Treaty Room.

So where did that story about a bust being removed from the Oval Office come from?

The White House has had a bust of Winston Churchill since the 1960’s. At the start of the Bush administration Prime Minister Blair lent President Bush a bust that matched the one in the White House, which was being worked on at the time and was later returned to the residence. The version lent by Prime Minister Blair was displayed by President Bush until the end of his Presidency. On January 20, 2009 — Inauguration Day — all of the art lent specifically for President Bush’s Oval Office was removed by the curator’s office, as is common practice at the end of every presidency. The original Churchill bust remained on display in the residence. The idea put forward by Charles Krauthammer and others that President Obama returned the Churchill bust or refused to display the bust because of antipathy towards the British is completely false and an urban legend that continues to circulate to this day.

I’m sure this won’t stop Nowhere Man from claiming otherwise, since he appears to delight in lying about just about everything.

Here’s a brief video of some of the reactions to Romney in the London tabloids

I won’t bore you with many more tales of Romney’s European vacation, but I really liked this piece in the Guardian by Jonathan Freedland: Britain is an easy date. So how did Mitt Romney mess up so badly?

For an American politician, Britain is an easy date: just praise the country as a steadfast ally, mention Churchill a couple of times and we’ll roll over. Yet somehow Romney managed to provoke both the prime minister and the capital’s mayor – both fellow conservatives who should regard a Republican nominee as a kindred spirit – into public rebukes. That takes some doing. So what explains how an accomplished politician, with the resilience to have prevailed in a bruising primary campaign, could mess up so badly? The answer says a lot about Romney – and a fair bit about the dire state of today’s Republican party.

In the first category comes the observation that, despite having sought the presidency twice and served as a state governor, Romney is not really a politician at all – not in the Bill Clinton sense of someone who thinks, talks and breathes politically, constantly calculating the likely impact of both words and deeds. Instead Romney speaks and acts like the chief executive he was for so long, whether of private equity firm Bain Capital or the Salt Lake City Winter Olympics of 2002.

As we’ve learned in recent weeks, thanks to the likes of Barclays’ Bob Diamond or G4S’s Nick Buckles, corporate titans, so used to the nodding appreciation of yes men, can lack elementary tact and diplomacy, failing to weigh their words for tone, timing and likely reception. Technically, nothing in what Romney said about London 2012 was especially contentious – if, that is, he were merely the former CEO of the 2002 Games speaking privately to Coe a month ago. But for a man who seeks to be the lead partner in the US-UK alliance, speaking on the day before the Olympic flame was lit, it was a diplomatic disaster.

It’s surely CEO thinking too which has led Romney to refuse to release all his past tax returns, even though President Obama has published his in full. CEOs recoil from such personal transparency, while politicians know they will have to succumb eventually and so had better get it over with. Above all, their exorbitant pay means the elite chief executive class is habitually and unavoidably out of touch with everyone else. It is the Romney of the 1% who could smilingly tell an audience in hard-pressed Detroit that his wife has “a couple of Cadillacs”, beaming again today as his wife referred to the “horses”, plural, she owns (including one competing in the Olympic dressage event, providing a picture-perfect image of elitism for his opponents to feast on).

I thought that was a very insightful assessment.

In other news, Rep. Jesse Jackson Jr. is at the Mayo Clinic in Minnesota “being evaluated for depression, ‘gastrointestinal issues'”

This one is for Pat: Katherine Jackson Returns Home, Paris Jackson Tweets About It.

I’m not sure I understand everything that happened, but Katherine Jackson says she needed a rest and so she went to Arizona, getting rid of her cell phone so she wouldn’t be bothered. But there’s something else going on:

While Michael’s will gave Katherine custody of his children and a 20 percent stake in his massive estate, her husband, Joe Jackson, and the eight surviving Jackson siblings were completely cut out. Some of the siblings have reportedly been exploring a move to have the will invalidated by arguing that Michael was in New York on the day that the document was notarized in Los Angeles.

In a video that surfaced earlier this week, Janet Jackson is seen trying to take a cell phone away from Paris, 14, and berating her niece for using her phone to tweet about family business. That video leaked after Janet, Jermaine and Randy Jackson reportedly attempted to persuade Paris and Prince, 15, to leave Katherine’s home on Monday. Both resisted and a short time later, sheriff’s deputies arrived to break up a scuffle between Randy, Jermaine Jackson and TJ.

MTV has more detail on the family fracas via TMZ:

Sources tell TMZ that Randy, Jermaine and Janet Jackson entered the home uninvited and then tried to coerce Michael’s children, Paris, Prince and Blanket, into coming with them to Arizona where their grandmother Katherine has been staying.

Sources say that Paris resisted the intervention and apparently things got violent. Allegedly, Janet slapped Paris and yelled, “You’re a spoiled little bitch!” to which Paris responded with a slap and told Janet, “This is our house. Not the Jackson family house. Get the f–k out!”

TMZ shares that Trent Jackson (Joe Jackson’s nephew who deals with Katherine’s daily affairs) put Randy in a headlock and punched Jermaine in the mouth. Tito Jackson was reportedly trying to get temporary guardianship of Michael’s kids.

And I thought my family was dysfunctional!

There may be a breakthrough in the Eurozone crisis. Reuters:

Stocks rallied on Friday on expectations the European Central Bank will tackle high borrowing costs hitting Spain and Italy, but the euro pared gains on market uncertainty about the specific action to be taken.

The benchmark S&P 500 closed at its highest since early May, climbing further after Bloomberg News said ECB President Mario Draghi will meet with Bundesbank President Jens Weidmann to discuss several measures, including bond purchases, to help the euro zone.

The French and German governments said they are “determined to do everything to protect the euro zone” and its single currency. The joint statement echoed similar remarks by Draghi on Thursday, but in comments on Friday, Germany’s Bundesbank pushed back against Draghi’s pledge.

Tim Geithner will also meet with Schaeuble and Draghi next week in Germany.

The meeting with Schaeuble will take place on the German island of Sylt in the afternoon of July 30, and the session with Draghi will be held that evening in Frankfurt, the Treasury Department said in a statement today.

The Treasury said the meetings will be closed to the press, with a photo opportunity before the Schaeuble meeting. A Treasury official with knowledge of the matter said that Geithner and Schaeuble won’t hold a news conference after the meeting.

The Guardian has a live blog with updates on the ongoing crisis.

Bobby Knight hit the Google top stories list last night, because Neil Reed, the former IU basketball player who was choked by Knight during practice, has died at age 36.

In March 2000, Reed accused Knight of choking him during a practice in 1997. When video of the practice surfaced backing Reed’s claim, Knight, a Hall of Fame coach who was known for his angry outbursts as well as his success, was put on zero-tolerance notice by Dr. Myles Brand, then the university president. That September, Knight was fired after a student said he had grabbed his arm.

Reed transferred to Southern Mississippi shortly after the choking incident and played there in the 1998-99 season.

He is survived by his wife, Kelly, and two daughters.

So sad that he was known for that horrible incident and then died so young. When I first saw Knight’s name on the list, I thought maybe he had died.

Finally, NYC Mayor Michael Bloomberg plans to hold a fundraiser for Scott Brown in August. Get this:

A spokesman for Bloomberg, Stu Loeser, says the mayor’s top reason for supporting Brown is the senator’s opposition to a proposal backed by the National Rifle Association that would allow gun owners to carry concealed weapons across state lines.

Loeser said Warren’s tough stance on Wall Street regulation was not the basis for the endorsement.

Hahahahahaha!! Somehow I doubt that Warren is a big NRA supporter….

Now what are you reading and blogging about today?

Thursday Reads: Mitt Romney’s Very Very Bad Day

Posted: July 26, 2012 | Author: | Filed under: 2012 presidential campaign, Barack Obama, Mitt Romney, morning reads, racism, religion, U.S. Politics | Tags: , , , , , , , , , | 62 Comments

Good Morning!!

Poor Mitt Romney. Yesterday was not a good day for his campaign. The big story of the day on both sides of the Atlantic was the one about unnamed Romney foreign policy advisers who talked to the The Telegraph and made “racially-tinged” remarks.

The quotes were so extensive and detailed that it’s hard to believe they weren’t legit. Even after Romney disavowed the remarks, the Telegraph stood by their story and noted that they had not received any requests for retractions or corrections from the Romney campaign.

The quotes that I found most disturbing were the ones about the supposed shared “Anglo-Saxon heritage” of England and the U.S.

In remarks that may prompt accusations of racial insensitivity, one suggested that Mr Romney was better placed to understand the depth of ties between the two countries than Mr Obama, whose father was from Africa.

“We are part of an Anglo-Saxon heritage, and he feels that the special relationship is special,” the adviser said of Mr Romney, adding: “The White House didn’t fully appreciate the shared history we have”.

And later in the article:

Members of the former Massachusetts governor’s foreign policy advisory team claimed that as president, he would reverse Mr Obama’s priority of repairing strained overseas relationships while not spending so much time maintaining traditional alliances such as Britain and Israel.

“In contrast to President Obama, whose first instinct is to reach out to America’s adversaries, the Governor’s first impulse is to consult and co-ordinate and to move closer to our friends and allies overseas so they can rely on American constancy and strength,” one told the Telegraph.

“Obama is a Left-winger,” said another. “He doesn’t value the Nato alliance as much, he’s very comfortable with American decline and the traditional alliances don’t mean as much to him. He wouldn’t like singing ‘Land of Hope and Glory’.”

When I first read this, I was flummoxed. “Anglo-Saxon heritage”? What on earth does that mean? It sounded so incongruous, yet it rang a bell with some things I’ve read about Mormon philosophy. So I googled a bit. It seems that Mormons believe they are descended from one of the “12 lost tribes of Israel,” and Brigham Young specifically claimed that the Mormons were descended from the tribe of Ephraim:

We are now gathering the children of Abraham who have come through the loins of Joseph and his sons, more especially through Ephraim, whose children are mixed among all the nations of the earth. The sons of Ephraim are wild and uncultivated, unruly, ungovernable. The spirit in them is turbulent and resolute; they are the Anglo-Saxon race, and they are upon the face of the whole earth bearing the spirit of rule and dictation, to go forth from conquering to conquer. They search wide creation and scan every nook and corner of this earth to find out what is upon and within it. I see a congregation of them before me today. No hardship will discourage these men; they will penetrate the deepest wilds and overcome almost insurmountable difficulties to develop the treasures of the earth, to further their indomitable spirit for adventure. 10:188.

Obviously, I can’t know whether these Mormon beliefs were behind the quotes given to the Telegraph, but it seems possible.

The “foreign newspapers” that the Romney campaign so disdains had a bit of fun yesterday ridiculing the Anglo-Saxon flub.

From the Guardian: Some good Anglo-Saxon values for Mitt Romney. You should read the whole thing, but here’s the concluding paragraph:

In 1066, Britain’s mongrel nation status became complete, having been officially invaded by the Romans, the Angles and Saxons, the Jutes from Denmark, the Vikings and finally by the Normans who, critically, stopped Anglo-Saxon culture in its tracks. Twenty years after the invasion, the Anglo-Saxon nobility were in exile, or consigned to the peasantry, with only 8% of England under their control. The myth of Anglo-Saxon roots that Romney wants to perpetrate denies the enormous contribution to British culture by, essentially, the French. Without the Norman invasion of Anglo-Saxon England, our language and culture would obviously be very different – Mitt Romney would be wise not to cast us all back into the Dark Ages.

Also from the Guardian: Dear Mitt Romney: welcome to Britain! We have a few tips for a pleasant stay. Here’s just one paragraph, but please do read the whole thing.

Britain is, legendarily, a nation of animal-lovers, so you can expect people to be significantly more perturbed by the Dog On The Roof Incident than by any other aspect of your record. On the other hand, people will expect you to be unfamiliar with British cuisine, so your bizarre inability to identify common baked goods will actually be less of a handicap than at home. Just try, if at all possible, not to hurl insults at whoever is providing the baked goods. It’s probably fine to eat the baked goods in a strange fashion.

Juan Cole’s reaction to the Anglo-Saxon mess was more serious.

I really dislike Nazi references. They are for the most part a sign of sloppy thinking, and a form of banal hyperbole. But there just is no other way to characterize invoking the Anglo-Saxon race as a basis for a foreign policy relationship, and openly saying that those of a different race cannot understand the need for such ties. It is a Nazi sentiment.

If you would like some evidence for what I say, consider Adolf Hitler’s own point of view:

For a long time yet to come there will be only two Powers in Europe with which it may be possible for Germany to conclude an alliance. These Powers are Great Britain and Italy.”

Of the two possible allies, Hitler much preferred Britain because he considered it higher on his absurd and pernicious racial hierarchy. Indeed, Hitler held Mussolini a bit at arms length while hoping for a British change of heart, a hope only decisively dashed in September, 1939, when Britain declared war.

Hitler complained that colonialism was in danger of diluting Aryan European strength, weighing down the metropole powers. He contrasted this situation with that of the white United States, blessedly possessing its “own continent.” Indeed, it is, he argued (genocidal crackpot that he was), Britain’s special relationship with the Anglo-Saxon-dominated United states that kept it from being overwhelmed by its subhuman colonials:

“we we too easily forget the Anglo-Saxon world as such. The position of England, if only because of her linguistic and cultural bond with the American Union, can be compared to no other state in Europe.”

Yikes! Remember, I didn’t write that. I’m just quoting Professor Juan Cole.

Yesterday Romney also gave an interview to NBC’s Brian Williams. He avoided questions on several topics, including his unreleased tax returns. Romney assured Williams that he was not going to release any more tax returns. Period. End of story. I think he’s hoping that we’ll all be distracted by his trip abroad, but somehow I don’t think the Obama campaign or the media will stop asking him what he’s hiding.

In addition, as JJ reported last night, Romney told Williams that James Holmes shouldn’t have had all that weaponry that he used to murder 12 people, wound more than 50 others, and turn his apartment into a firebomb, because the weapons were all illegal. Oopsie! Another flub.

As Aurora Police Chief Dan Oates explained: “All the weapons that he possessed, he possessed legally. And all the clips that he possessed, he possessed legally. And all the ammunition that he possessed, he possessed legally.”

Holmes used a handgun, a shotgun and an AR-15 assault rifle in his massacre — all legal, thanks to the expiration of the Assault Weapons Ban in 2004, which had previously prohibited some versions of the AR-15. Holmes also had body armor, tear gas grenades, a gas mask and tactical gear. All are legal and widely available online at minimal cost (one website sells tear gas grenades for just $16 a pop).

The only way it would have been illegal for Holmes to have his guns would be if he had been diagnosed as mentally ill or was a convicted felon, but neither was the case. His only record was a speeding ticket.

The drip drip drip continued in the media’s efforts to discover the truth behind Romney’s exit from Bain Capital. Yesterday the AP released a new “Fact check” article that pokes holes in Romney’s claims that he had no involvement with Bain after he left to head up the 2002 Winter Olympics. Quoting Greg Sargent:

The Associated Press reports this morning that Mitt Romney “stayed in regular contact” with his partners at Bain in the months after the 1999 date that he has given as the time he left the company. The story also claims he “continued to oversee his partnership stakes even as he disengaged from the firm, personally signing or approving a series of corporate and legal documents through the spring of 2001.”

The story doesn’t move the ball too much, but it adds to the information that complicates his case that he bears no responsibility for any of the controversial Bain deals that took place during that period — and that he played “no role whatsoever” with the firm.

Finally, Buzzfeed reports that Democrats Plan To Go Nuclear On Romney “You Didn’t Build This” Attack. In a memo sent to the media, the Obama campaign announces they plan to hit Romney hard on multiple fronts. You can read the whole memo at the link.

That was Romney’s very very bad Wednesday. I wonder what he’ll do today? Now what are you reading and blogging about today?

Falling from the Middle with You

Posted: July 24, 2012 | Author: | Filed under: 2012 presidential campaign, Economy, income inequality, Voter Ignorance, We are so F'd | 20 Comments

I spend a lot of time writing on US income issues partly because it’s one of those economist things and a lot because I know that so many of us have been struggling since the turn of the century.  Our country’s economic growth has been extremely paltry since 2001. Also, what US growth has occurred has benefited very large corporations and extremely wealthy individuals.  Compounding the issue of low growth is the fact that these very large corporations and extremely wealthy individuals don’t keep their money, their jobs, and their investments in the USA any more.  All of this has led to a very sad situation for the backbone of the historical US economy; the middle class.

Economix blog at the NYT is going to have a series of articles examining the recent fall from grace that we’ve experienced since our economy has morphed into something that focuses its policies on enabling these rich people and huge corporations to abandon our country and our citizens. This first article sums up the problem.  We’ve been progressively giving up Keynesian economics and replacing it with “Supply Side” economics that continues to show opposite results of what’s promised.  Yet, our policy makers scream for more of the same punishment! Our last Keynesian-policy embracing President was probably Richard Nixon. Since then, elements of Supply Side economics have provided terrible results like huge deficits, income inequality, and  the return of financial panics.

First, economic growth in this country has been relatively slow in recent years, which means the total bounty that the American economy produces, to be shared by all of its citizens, has not been growing very rapidly. Even before the financial crisis began in 2008, economic growth in the decade that started in 2001 was on pace to be slower than growth in any decade since World War II.

Then of course came a deep recession that caused the economy to shrink.

In addition to the slow growth in overall size of the pie, the share that has been going to anyone but the richest Americans has been declining. The top-earning 1 percent of households now bring home about 20 percent of total income, up from less than 10 percent 40 years ago. The top-earning 1/10,000th of households — each earning at least $7.8 million a year, many of them working in finance — bring home almost 5 percent of income, up from 1 percent 40 years ago.

In the simplest terms, the relatively meager gains the American economy has produced in recent years have largely flowed to a small segment of the most affluent households, leaving middle-class and poor households with slow-growing living standards.

One of the major things that’s upsetting to me is the absolute denial by the current extremists that have taken over the Republican party is acknowledgement that their policies have caused disaster.  I can’t imagine any one voting for Romney who is pushing these failed policies to the extreme.  Republicans actually think just talking about this problem and the middle class in general is instigating class warfare.  It’s like if we don’t coddle the extremely rich all the time they will throw a hissy fit and the economy will collapse.  This is a proverbial crock of crap and at this point, who cares?  Huge corporations and extremely rich folks like Equity Capital managers don’t create the majority of jobs.  Those come from middle-to-large businesses that operate consistently within the boundaries of our nation.

Speaking on the Senate floor, Kyl claimed that the president’s usage of the phrase “middle class” is “misguided and wrong and even dangerous.” Calling for an end to rhetoric about classes, Kyl blasted Obama for “incessantly” talking about class, “particularly the middle class”:

KYL: Most prominently, we have a president who talks incessantly about class, particularly the middle class. Maybe you’ve noticed that. He defines class strictly by your income. In the president’s narrative, someone who makes $199,000 a year is a member of one class and someone who makes $200,000 belongs to another class. Does that make sense? Indeed, each day the president’s out on the campaign trail championing himself as the great protector of what he calls the middle class and pitting these Americans against their fellow citizens by arguing that the wealthiest class is victimizing them through the tax code.

Again, we can’t talk about our issues as ordinary Americans because no one wants to hear the servants complaining, I guess. We can’t complain when they take national wealth, jobs, and investments out of the country while being subsidized by our tax dollars. Again, I have to argue that Mitt Shady represents everything that’s created this horrible situation. He’s like the poster child for our modern, self-destructive policies.

Phillip Longman characterizes this as a “Hole in our Bucket”.  We’ve blown up just about everything that helps the middle class build wealth recently.  One of the first things that disappeared in the Carter years and Reagan years was our traditional approach to usary laws.  You can read about the history at the link.  However, here’s the impact of that alone.

This short history of usury laws puts into perspective just how bizarre the credit markets of the United States have become over the last forty years. Usury law is, in the words of one financial historian, “the oldest continuous form of commercial regulation,” dating back to the earliest recorded civilizations. Yet starting in the late 1970s, some powerful people decided we could live without it.

First to go were state usury laws governing credit cards. Before 1978, thirty-seven states had usury laws that capped fees and interest rates on credit cards, usually at less than 18 percent. But in 1978 the Supreme Court, in a fateful decision, ruled that usury caps applied only in the state where the banks had their corporate headquarters, instead of in the states where their customers actually lived. Banks quickly set up their corporate headquarters in states that had no usury laws, like South Dakota and Delaware, and thus were completely free to charge whatever interest rates and fees they wanted. Meanwhile, states eager to hold on to the banks headquartered within their borders promptly eliminated their usury laws as well.

Later, in 1996, the Supreme Court handed usurers another stunning victory. In Smiley v. Citibank it ruled that credit card fees, too, would be regulated by the banks’ home states. You might think that market forces would set some limits on how high credit card fees and interest can go—after all, there are only so many creditworthy borrowers, and much competition for their business. But with shrewd use of “securitized” debt instruments and hidden fees, banks and other lenders found they could make more money from those who could not afford credit cards than from those who could.

And this was only the beginning. By the early 2000s, thanks to the combination of deregulation and “financial engineering” on Wall Street, middle- and lower-class neighborhoods across America were being flooded with what could be called financial crack. In the years between 2000 and 2003 alone, the number of payday lenders more than doubled, to over 20,000. Nationwide, the number of payday lender franchisees rivaled that of Starbucks and McDonald’s combined.

If you read this article you will become very aware that the finance industry has created laws and removed laws that has created a situation that has transferred the benefits of traditional savings and borrowing vehicles of the middle class to themselves. This has happened in concert with the decrease in real incomes resulting from corporations moving away from US job sources and huge wealth portfolios disappearing to offshore havens. All this has been enabled by policies that started during the Carter years, went full blast during the Reagan years, continued through the Clinton years, went on steroids during the Bush years, and have basically stayed in place during the Obama years. Most of us have a sense that things have changed.  It’s been a bit like boiling the frog by raising the temperature slowly.  Forty years of policy that favors the global multinational companies and the finance industry coupled with favorable tax treatment for rich individuals has created the hole.  We no longer are assured that good university degrees give us good paying jobs.  We are no longer seeing our 401(k)s and other investment vehicles provide safe, reliable returns and we no longer are assured decent pension or retirement plans.  We also are subject to gaming when we borrow money.  Plus, we have no way to get out from under any of this that blows up on us because bankruptcy laws have also been changed to benefit our creditors.  It’s the perfect storm of reckless policy.  It’s been bought and paid for by lobbyists for the Finance Industries who have been on the leading edge of profiteering too. Top this off with the high cost of health insurance and the ever volatile commodity prices and you’ve got a recipe to kill off the livelihoods of the majority of your population.

Probably the main reason that Romney refuses to share his agenda, his taxes, and anything specific and only touts lies is that he really wants a continuation of this agenda.  His accident of birth has put him in the best of places to be the modern day version of a Pirate of the Caribbean.  Mitt Shady is a privateer. All he does is pound away at the President and try to use rhetorical flourishes that bring back the myth of Reagan.

At Mr. Romney’s pancake breakfast stop, more than a thousand people braved the stormy weather, lining up hours in advance with their umbrellas and waterproof trash bags for protection. Thunder clapped periodically, but when Mr. Romney finally took the stage, the rain slowed to a light spit and the sun crested, prompting him to reflect on the improving weather.

“But it looks like the sun is coming out, and I think that’s a metaphor for the country,” he said. “The sun is coming out, guys! Three and a half years of dark clouds are about to part. It’s about to get a little warmer around this country, a little brighter.”

Whatever this passage indicates about Romney’s rhetorical powers, it really is a pretty accurate reflection of his economic message: relentlessly unspecific, focused on framing the election as an up-or-down referendum on how people feel about Life Under Obama, and implicitly offering himself as a non-ideological Mr. Fix-It whose reassuring presence will make the clouds part. Romney does, of course, have a specific economic agenda, much of it encompassed by his endorsement of the Ryan Budget and his various pledges to reflect his party’s hostility to regulation, progressive taxation, workers’ rights and fiscal or monetary stimulus. But what he seems determined to convey is that there’s a great big confidence fairy in the sky who will make the economy boom at the very sight of his rugged visage and fine posture. And while his weather forecast at the pancake breakfast may not truly be a “metaphor for the country,” it’s definitely the metaphor for his campaign message.

We’re going to have a bottomless bucket if this man is elected and we continue sending Republicans and Democrats to Washington that promote policies that screw over the middle class.  The only politician I know right now that really gets this is Elizabeth Warren. President Obama has been cribbing from her play book.  We can only hope that he actually means it.  We should know that Romney is the poison and not the antidote to what ails us. His vagueness, dodges, and overall shadiness should force every one to buy a clue.

Tuesday Reads

Posted: July 24, 2012 | Author: | Filed under: 2012 presidential campaign, Barack Obama, corporate greed, Crime, Hillary Clinton, income inequality, Mitt Romney, morning reads, Scott Brown, The Bonus Class, U.S. Economy, U.S. Politics | Tags: , , , , , , , , , | 47 Comments

Good Morning!!

I was working on this post for a good hour last night, and when I went to save what I had written, WordPress logged me out and wiped out the whole thing! I couldn’t begin to recall everything I had written, and I was extremely discouraged to put it mildly.

Next time, I’ll try to remember to save my work more often. For awhile there WordPress had managed to save posts even when they did their stupid logout trick. But not last night. I did my best to redo the stuff I lost, but I know I lost some bon mots.

After a brief truce in deference to the latest mass murder in the U.S., President Obama and Mitt Romney returned to campaigning yesterday. President Obama spoke to the Veterans of Foreign Wars while his challenger raised more millions. The LA Times summarizes the back and forth.

President Obama’s campaign…accus[ed] Romney of harboring a “secret” foreign policy, and pushing him to detail his plans to end the war in Afghanistan and his approach to Russia and Israel. The Romney campaign responded by saying the president had eroded key alliances and promising Romney would “restore the pillars of American strength.”

In a speech to the Veterans of Foreign Wars convention in Reno, Obama portrayed his foreign policy record as one of promises fulfilled, and he took veiled jabs at Romney and other critics of his withdrawal of U.S. troops from Iraq and drawdown of troops from Afghanistan.

Today Romney will speak to the VFW before heading off to London to see the Olympics, attend two posh fundraisers, and meet with some British VIPs. After that he heads to Israel for a meeting with Prime Minister Netanyahu and another fundraiser, and then on to Poland, where he

will visit Gdansk and Warsaw on July 30 and 31 at the invitation of Lech Walesa, the communist-era dissident who in 1983 won the Nobel Peace Prize for his defiance of the communist regime.

There were a couple of good hit pieces on Romney at the Huffington Post yesterday.

Ryan Grim: Mitt Romney Made Over $25 Million In Foreign Income While Governing, Campaigning.

Mitt Romney accumulated more than $25 million in foreign income between 2005 and 2010, while he was governor of Massachusetts and a presidential candidate, according to an analysis of his 2010 tax return.

The 2010 return lists foreign tax payments Romney made dating back to 2000. By Romney standards, the payments were modest through 2004, averaging $37,000 a year. In 2005, however, his foreign tax bill shot up to $333,149 and stayed high for the next three years, before dipping in 2009, as the financial crisis hit hard.

In 2010, Romney’s foreign tax bill was down to $67,173 on declared foreign income of $1,525,982. That’s a 4.4 percent rate. After expenses and various other deductions, Romney declared a net foreign income of $392,000, making his net tax rate 17 percent.

Because the presumptive GOP presidential nominee has so far declined to release his earlier tax returns, HuffPost made a rough calculation of his prior foreign earnings by assuming he paid similar tax rates in previous years.

Read the rest at the link.

Jason Cherkis and Laura Bassett: Bain Capital Created ‘Demoralizing’ Culture of Layoffs At Florida Plant.

When Dade Behring started cutting employees under Bain Capital’s management in the late ’90s, Cindy Hewitt was on the front lines. As a human resources manager for the Dade East plant in Miami, Hewitt had to decide which employees had needed skills and whose jobs were expendable.

News of the latest layoffs trickled down to the Dade company cafeteria. The room could seat more than 1,000, and it had been enough of a draw that it even offered breakfast.

But as the layoffs hit, the mood in the cafeteria could be as somber as a funeral, Hewitt recalled. Multiple members of the same family might be gathered to commiserate over being laid off one by one by one. Some of them had worked for the medical diagnostics company for more than a decade.

Hewitt saw her colleagues crying on a daily basis and loudly celebrating on the rare occasion that someone found a comparable new job. “There was a tremendous sense of loss and this kind of outpouring of grief and mourning as every day they waited for the announcement of who was going next,” she said. “People were on pins and needles. Who’s going next? They’re worried for themselves, worried for their co-workers, worried for their families. They’d talk about how they were going to send their kids to college. It was an incredibly depressing and demoralizing environment.”

There’s lots more at HuffPo.

Here’s some more proof that the rich keep getting richer and the poor get poorer: Yankees Acquire Ichiro Suzuki From Mariners

With a little more than two months remaining in the season, the Yankees acquired Ichiro Suzuki, who became the first Japan-born position player in the majors when he joined the Mariners in 2001, when he was named the rookie of the year and the Most Valuable Player.

Before Monday’s game between the two teams at Safeco Field, the Yankees sent minor league pitchers D. J. Mitchell and Danny Farquhar to the Mariners for Suzuki , whose five-year, $90 million contract expires after this season. The Yankees will also receive cash considerations to offset the financial commitment.

Wearing a dark blue suit with gray pinstripes, Suzuki walked down the hallway from the Seattle clubhouse over to the visitors’ side, stopping in the middle to speak at a news conference.

“I am going from a team with the most losses to a team with the most wins,“ he said through his interpreter, “so I am not able to contain my excitement in that regard.“

Once a great player, Suzuki is now just another mercenary.

Scott Brown has pulled another dumb trick. He’s using a line from a famous poem by Langston Hughes, “Let America Be America Again,” to attack President Obama and Elizabeth Warren for saying that governments provide services and infrastructure that support businesses. If that makes no sense to you, you’re not alone. Interestingly, Rick Santorum used the same line during the Republican presidential primaries and was mightily mocked for it. But Scott Brown was probably meeting with Kings and Queens at the time and missed the uproar. Besides, he’s really not all that bright, poor thing.

A new video from Brown, soliciting donations for his neck-and-neck campaign against Democrat Elizabeth Warren, is headlined “Let America Be America Again” – the title of Hughes’ well-known 1935 poem, first published in Esquire magazine, that suggests the American dream never really existed for many Americans, including the lower classes, blacks, Native Americans, and other minority groups.

“There’s never been equality for me/Nor freedom in this ‘homeland of the free,’” Hughes writes in an aside between verses. “America never was America to me.”

The Brown campaign’s two and a half minute video tribute to small business, complete with stirring music and iconic images such as flags and white picket fences, chronicles what it portrays as a change in the United States from the words of John F. Kennedy, Bill Clinton and Lyndon Johnson – Democrats all – as well as Gerald Ford and Ronald Reagan, to current President Barack Obama and Warren, his uber-progressive rival.

watch?v=oqDIjGsBEP8&feature=player_embedded&w=400

Langston Hughes died in 1967 at the age of 65, but chances are if he were still alive today he would not be a Republican. Hughes’s poetry was frequently published in the Communist Party USA newspaper and he was involved in various initiatives supported by leftist organizations. Hughes traveled widely in the Soviet Union in 1932, and was later inducted into the International Union of Revolutionary Writers.

Oh, and BTW, Hughes is believed to have been gay.

USA Today had an interesting article on a polar bear DNA study.

Polar bears split from ancient bears more than 4 million years ago, suggests ancient DNA and the gene maps of multiple bears.

The polar bear genome finding reported in the Proceedings of the National Academy of Sciences journal contradicts earlier gene studies finding much more recent times for the ancestral split, within 600,000 years, between polar bears and grizzly bears, which can still mate and produce viable offspring.

What’s more, the report suggests that polar bear numbers have been on the decline for at least 500,000 years, driven by climate fluctuations.

“Although polar bears ( Ursus maritimus) and brown bears (Ursus arctos) are considered separate species, analyses of fossil evidence and mitochondrial sequence data have indicated a recent divergence of polar bears from within brown bears,” begins the study led by Penn State’s Webb Miller.

For those who are still interested in thinking about the why of mass murders, I suggest reading a 2005 interview with Mark Ames, who wrote a book on school and workplace shootings called “Going Postal: Rage, Murder, and Rebellion — From Reagan’s Workplaces to Clinton’s Columbine and Beyond.”

Ames is a true radical, and so of course he has a radical hypothesis about these horrible murders that have become pretty common in our culture. He argues that they are rooted in Reganomics and the philosophy of greed and avarice that he made popular back in the ugly ’80s. From the interviewer’s introduction:

Ames takes a systematic look at the scores of rage killings in our public schools and workplaces that have taken place over the past 25 years. He claims that instead of being the work of psychopaths, they were carried out by ordinary people who had suffered repeated humiliation, bullying and inhumane conditions that find their origins in the “Reagan Revolution.” Looking through a carefully researched historical lens, Ames recasts these rage killings as failed slave rebellions.

And from Ames himself:

Put it this way: rage murders in the workplace never existed anywhere in history until Reagan came to power. Reagan made it respectable to be a mean, stupid bastard in this country. He is the patron saint of white suckers. He unleashed America’s Heart of Vileness — its penchant for hating people who didn’t get rich, and worshipping people who despise them, and this is the essence of Reaganomics.

I hate to sound like a Clintonite here, but let’s remember Hillary Clinton became the most hated human being alive because she tried to give most Americans the opportunity to lead longer, healthier lives, while these same Americans adored goons like Sam Walton, George W. Bush, Ronald Reagan, Donald Trump — everyone who has dedicated their lives to transferring wealth, health and pleasure from the masses to a tiny elite. Liberals are hated in America precisely because they want to help people, which is seen as “patronizing.”

You can see how this kind of cultural insanity, unleashed by Reaganomics after decades of New Deal (relative) harmony, could make someone snap, when the cognitive dissonance suddenly strikes on a very personal level, and you realize that you’ve been screwed hard by your own dominant ideology.

Here’s an interesting 2007 review of Ames’ book by Ed Vulliamy from The Guardian UK.

Ames also wrote a lengthy analysis of One L. Goh’s rampage at Oikos University in Oakland, CA.

For a more mainstream take on the recent events in Aurora, Colorado, check out this piece by Dave Cullen, author of the book “Columbine.” He points out that just about everything the media immediately assumed about Harris and Klebold was wrong and that we still know almost nothing about James Holmes or his motives. Obviously, I agree.

Finally, here’s a piece that provides some support for Mark Ames’ argument that our culture has just plain turned mean and is getting meaner all the time: The Elites Are Unanimous: Lower Everyone’s Wages and Standard of Living — Except They Don’t Say it Out Loud

That’s it for me for today. What are you reading and blogging about?

Saturday Reads

Posted: July 21, 2012 | Author: | Filed under: 2012 presidential campaign, Barack Obama, Crime, Hillary Clinton, Mitt Romney, morning reads, U.S. Politics | Tags: , , , , , , , , , , , , , , , , , , , , | 23 Comments

It’s Saturday morning and our country is once again saddened by a horrible, violent crime. The shootings in Colorado yesterday were tragic. Even more tragic is the fact that mass shootings have become almost commonplace in our country, but none of our so-called leaders respond by actually taking action to prevent more such massacres in the future.

I feel heartsick not only for all of the victims and their families but also for the family of the perpetrator. I can’t begin to imagine how horrible it would be to lose a family member so senselessly or to have a family member commit such a horrific crime. If only this time politicians would stand up to the bloodthirsty NRA, but I know it’s not going to happen.

I’m not going to link to any more articles about yesterday’s murders. I just can’t stand to read about it right now. So let’s see what else is happening.

Chris Cilizza asks “Who had the worst week in Washington? Rep. Michele Bachmann.”

Anytime you are compared to former senator Joseph McCarthy — he of “red scare” infamy — it’s probably not very good for your political career.

That’s the situation Rep. Michele Bachmann (Minn.) found herself in this past week after it came to light that she and four other House Republicans had sent letters to the inspectors general of the departments of Homeland Security, State and Justice, asking them to look into whether the Muslim Brotherhood has tentacles within the U.S. government.

Bachmann focused her attack on Human Abedin, long-time friend and aide to Hillary Clinton and wife of former Rep. Anthony Weiner. She also slimed fellow Minnesota Rep. Keith Ellison.

In an interview with radio host Glenn Beck on Thursday, Bachmann asserted that Ellison, the first Muslim elected to Congress, has a long record of being associated with the Muslim Brotherhood.

Ellison, DFL-Minneapolis, said in a subsequent interview Thursday night with CNN’s Anderson Cooper that he has no ties to the Brotherhood, a fundamentalist Islamic movement that recently came to power in Egypt and that some say maintains ties to the Palestinian terrorist group Hamas.

Bachmann offered no evidence of ties between Ellison and the Muslim Brotherhood during the Beck interview. Bachmann’s spokesman, Dan Kotman, cited a 2009 Fox News report that Ellison had a trip paid for by the Muslim American Society, a group described by an expert quoted in that report as “the de facto arm of the Muslim Brotherhood in the U.S.”

It’s simply beyond me why anyone would support this woman or vote for her, yet she is one of the top fund-raisers in the House of Representatives.

I watched some of the British Open today. Please don’t get mad at me. I can’t help rooting for Tiger Woods. I find it so hard to resist a comeback story, and Woods has slowly been recovering his pre-scandal form.

LYTHAM ST. ANNES, England — From the time he arrived in northwest England on Sunday, it was clear Tiger Woods had a game plan for Royal Lytham & St. Annes.

He had fond memories of the place, having been low amateur here in 1996 and calling it one of his favorite courses on the Open Championship rota. He enjoyed the challenge of avoiding the numerous pitfalls of the old links. Without saying so, he appeared determined to put an end to his four-year major championship victory drought.

Part of the plan was to stay out of the numerous bunkers that give Royal Lytham its teeth. The wind was down and the course was soft, but getting into those hazards is, well, hazardous.

It obviously wasn’t part of the plan when Woods’ approach to the par-4 18th found a greenside bunker. His caddie, Joe LaCava, said the shot was one of his best of the day. But the wind played a factor, the ball drifted into the sand and … uh-oh.

Then Woods holed the shot for a birdie.

A thunderous roar echoed around the 18th green as Woods gave a fist pump. He had made his statement at the Open Championship.

The tournament continues through the weekend, and I’ll probably watch a little more of it. The scenery relaxes me if nothing else.

I’ll just give you two Mitt Romney links this morning. First, this column by conservative political handicapper Charlie Cook from early in the week: Red Alert.

The strategic decision by the Romney campaign not to define him personally—not to inoculate him from inevitable attacks—seems a perverse one. Given his campaign’s ample financial resources, the decision not to run biographical or testimonial ads, in effect to do nothing to establish him as a three-dimensional person, has left him open to the inevitable attacks for his work at Bain Capital, on outsourcing, and on his investments. It’s all rather inexplicable. Aside from a single spot aired in the spring by the pro-Romney super PAC Restore Our Future, not one personal positive ad has been aired on Romney’s behalf. The view that any day or dollar spent on talking about anything other than the economy is a waste has been taken to such an extreme that Romney has no positive definition other than that of being a rich, successful, and presumably smart businessman. People see and feel the reasons for firing Obama every day in the economic statistics and the struggle that so many Americans face daily. The Romney campaign seems focused on reinforcing a message that hardly needs reinforcing, while ignoring a clear and immediate danger to its own candidate’s electability.

The attacks on Bain, outsourcing, and his investments are sticking to Romney like Velcro, and it’s hard to see how that will change until he picks his running mate. Romney has lost control of the debate and the dialogue. Instead of voters focusing on the economy, they are now hearing about investments and accounts in Switzerland and the Cayman Islands, as well as about outsourcing and layoffs….if I were a Republican, I would be very concerned about the events of the past two weeks, questioning both strategy and tactics as well as the underlying assumptions that have led to the campaign decisions made so far.

Second, check out this slideshow of photos of “Sad Mitt Romney” at Mother Jones. In number 8, he looks like he’s about to cry–maybe because of mean bully Obama’s attacks on his “success.”

Sorry–I threw in another link there, but you don’t have to click on it.

Here’s a knee-slapper from Raw Story: Top tea partier demands Obama prove he doesn’t smoke crack and have gay sex

The president of Tea Party Nation declared on Thursday that if Mitt Romney is to release his tax returns, President Barack Obama should release medical records to prove he’s not a drug addict who smoked crack and had gay sex with a lifelong con-man.

Judson Phillips, whose for-profit group is better known to Tennessee as the “Tea Party Nation Corporation,” explained in an essay that also went out in a mass email to his followers that the American people must know whether the president had secret financial support in college due to his status as a “foreign student” — and dredged up a long-disproved story of Obama’s alleged encounter smoking crack and having sex with a gay prostitute.

At The Nation, Ari Melber reports:

A new campaign calling for “a woman moderator” for the presidential debates has drawn over 115,000 supporters online, through the social action website Change.org, and the Commission on Presidential Debates is taking notice. Janet Brown, the commission’s executive director, told The Nation she knew of the petition’s popularity and her colleagues “welcome” the input “regarding moderator selection.”

The petition, which was started by three high school students in New Jersey, Emma Axelrod, Sammi Siegeland and Elena Tsemberis, casts the paucity of female moderators as an issue of equality. “We were shocked to find out that it has been twenty years since a woman last moderated a presidential debate,” the petition notes, in reference to the 1992 debate led by ABC News’s Carole Simpson. The students started the effort in conjunction with their civics class, and it is now “the largest elections-related petition” on Change.org, according to Michael Jones, the site’s deputy campaign director. A related effort on UltraViolet.org, a new organizing platform for women’s rights, has drawn another 50,000 supporters.

Now that is something I’d like to see–as long as the moderator isn’t Barbara Walters or Diane Sawyer.

I’m sure you’ve heard that George Zimmerman has “gone rogue” again. He has again set up his on website talking to the media and generally appears to be ignoring his attorney’s advice. You’ll recall that he did that with his previous attorneys and they resigned from his case in a nationally televised news conference. On JJ’s Thursday night post, Northwestrain linked to an interesting wordpress blog called the Frederick Leatherman Law Blog. It’s run by an attorney who has been commenting on the Trayvon Martin case. I found his latest post fascinating. He thinks Mark O’Mara, Zimmerman’s attorney, should resign.

GZ is the quintessential difficult client. He is paranoid, secretive, fearful, angry, stubborn, doesn’t trust anyone, controlling, believes he’s smarter than anyone else, manipulative, and probably delusional. It’s absolutely clear that he does not feel any emotional distress or regret for having killed TM.

His claim that TM died as part of “God’s Plan” exhibits a frightening dissociation from reality and a willingness to kill without any sense of responsibility or regret, if he deems it necessary to do so. In other words, if he should find himself in another situation where he believes he is cornered and needs to kill someone to save face or save his ass, I believe he’s likely to do so and excuse what he did as just carrying out God’s will.

I think he is a danger to himself or others and he belongs in a secure mental health facility or a jail. He needs a thorough mental health evaluation.

I fear that Mark O’Mara is a potential victim and I am concerned about his safety. He’s clearly lost control of GZ despite his protestations to the contrary. GZ clearly sees O’Mara in the way and O’Mara has to be very careful how he handles the “uncharted waters” (his words) in which he finds himself.

If he pushes too hard in an effort to regain control, assuming he ever had control, things could get ugly.

I couldn’t agree more. I think O’Mara is destroying his reputation because he craves the media attention that goes along with this case. But Zimmerman is obviously a very sick man with almost no ability to control his impulses. O’Mara should cut and run.

Finally, have you heard that Elizabeth Warren may be asked to give the keynote speech at the Democratic Convention? Steve Kornacki writes:

Early in the week, NBC News and the New York Post reported that Chris Christie would be the Republicans’ featured speaker at their Tampa convention. Mitt Romney’s campaign has refused to confirm the report, though, and Christie himself was mum on the subject when questioned on Thursday. Also on Thursday, the Boston Globe reported that an Obama campaign official had confirmed that Elizabeth Warren was a candidate to deliver the Democratic keynote speech in Charlotte.

There’s no guarantee they’ll be chosen, but Christie and Warren are unusually obvious and logical candidates for the slots. Both have exploded onto the national scene during the Obama presidency by articulating their parties’ basic message and values with more charisma and precision than anyone else – including, arguably, their parties’ nominees.

That would be quite a contrast!

Now what are you reading and blogging about today?

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