The “Jobs” Speech: Aftermath

Desperation Time

Reuters has a summary of the “key elements” of President Obama’s speech. Mainly he proposed a payroll tax holiday for employees and employers.

EMPLOYEE PAYROLL TAX HOLIDAY

Obama is proposing a $175 billion one-year extension and expansion of the employee payroll tax holiday that would halve the tax rate to 3.1 percent in 2012.

EMPLOYER PAYROLL TAX HOLIDAY

Obama is seeking $65 billion to encourage small businesses to hire more workers. This includes halving employer payroll taxes to 3.1 percent for the first $5 million of a company’s wage bill in 2012, which the administration says will reach 98 percent of small businesses. He also wants a complete payroll tax holiday for increasing the size of the payroll by up to $50 million above the prior year, either by hiring new workers or raising the salaries of the existing labor force.

That would help the people who still have jobs, I guess, but it hasn’t done much to create new jobs so far.

In addition to that:

He proposes to help homeowners, and says he’ll have a plan in the next couple of weeks–no specifics.

$5 billion to provide 100% tax deductions for businesses that spend money on new plants and equipment. Of course, as Dakinikat has repeatedly told us, that won’t create jobs as long as consumers can’t spend.

$85 billion for state and local governments, which would be good if the Republicans would allow it through. This would include money for improving schools, helping keep teachers and other public employees in their jobs, improving already foreclosed homes, and money for young people.

$50 billion for transportation infrastructure. Hasn’t this one been around for awhile? I don’t think the Republicans will go along.

A one-year extension of unemployment benefits and tax credits for the long-term unemployed.

So what do you think? What are you hearing in the media?

Personally, I think it’s time for Obama to give a speech like this one.


Thursday Reads: The GOP Debate, Obama’s Narcissism, and Generations

Good Morning!! Last night we live-blogged the Republican debate, and it was borrrrrinnngggg! The less said about that debate last night the better. I can’t begin to pick the best or worst of that bunch. They were all horrible. For the media the big story in the debate was the conflict between Rick Perry and Mitt Romney. From CBS News:

The sparks flew early at Wednesday night’s Republican presidential debate, with onetime frontrunner Mitt Romney and the man who has overtaken him in the polls, Texas governor Rick Perry, trading barbs over their respective records on job creation.

Romney was asked about the fact that Massachusetts was ranked 47th in job creation during his time in office. After making the case that he had improved a bad situation, Romney took a subtle shot at Perry, who has been in politics since 1984, saying, “Look, if I had spent my whole life in government, I wouldn’t be running for president right now. My experience, having started enterprises, having helped other enterprises grow and thrive, is what gives me the experience to put together a plan to help restructure the basis of America’s economic foundation so we can create jobs again, good jobs, and compete with anyone in the world.”

Pressed on his reference to spending a “whole life in government,” Romney, who touts his experience in the private sector, added: “It’s a fine profession, and if someone were looking to say how can we restructure government, and which agency should report to which other agency, well, maybe that’s the best background. If you’re thinking about what it takes to reshape and update America’s economy, and to allow us to compete with China and other nations around the world, understanding how the economy works fundamentally is a credential I think is critical.”

Perry countered by saying that while Romney had a good record creating jobs “all around the world” in the private sector, “when he moved that experience to government, he had one of the lowest job creation rates in the country.”

“So the fact is, while he had a good private sector record, his public sector record did not match that,” the Texas governor continued. “As a matter of fact, we created more jobs in the last three months in Texas than he created in four years in Massachusetts.”

Whatever.

I don’t expect the President’s jobs speech tonight to be much more interesting, but we will be live-blogging it anyway. I do expect that after the Obama has nothing new to offer in his speech tonight that he will have “crossed the Rubicon,” so to speak. He will have passed the point of no return. He’ll be done, finished, caput. I’ll say again what I’ve been saying for awhile now: this president needs to follow in the footsteps of that  other failed president, Lyndon B. Johnson. Realize it’s all over and withdraw from the race so someone else can try to beat whichever nutjob the Republicans nominate.

If Obama refuses to withdraw, I think the media should hold debates where the President debates candidate Obama from 2008. They could play clips of his campaign promises and then ask him to explain why he adopted the Bush policies instead. Now that might be an entertaining debate.

For a long time now, we’ve been seeing former Obot bloggers expressing their disappointment in the man they forced down America’s throat. Lately the disappointment and even disgust has been coming from more mainstream sources. It’s quite amazing really. Yesterday Richard Cohen, the aging WaPo columnist told the Villagers that Obama has lost the Hamptons.

Over the Labor Day weekend, I went to a number of events in the Hamptons. At all of them, Obama was discussed. At none of them — that’s none — was he defended. That was remarkable. After all, sitting around various lunch and dinner tables were mostly Democrats. Not only that, some of them had been vociferous Obama supporters, giving time and money to his election effort. They were all disillusioned.

Let me call the roll. I am talking about are writers and editors, lawyers and shrinks, Wall Street tycoons and freelance photographers, hedge funders and academics, run-of-the-mill Democrats and Democratic activists. They were all politically sophisticated, and just a year ago some of them were still vociferous Obama supporters. No more.

Frankly, I was surprised. The Hamptons are a redoubt of New York liberalism. It is to campaign money what the Outer Banks are to fishermen. I expected more than a few people to defend the president. No one did. Everyone — and I do mean everyone — expressed disappointment in him as a leader. In that area, they thought he was a bust. Some articulated detailed critiques — the nature of his stimulus program, for instance. They argued that more money should have gone into long-term infrastructure programs. Most, though, skipped the details and just registered dismay: Where had their “change” agent gone?

Today, Al Gore attacked Obama as anti-science and anti-environment.

Instead of relying on science, President Obama appears to have bowed to pressure from polluters who did not want to bear the cost of implementing new restrictions on their harmful pollution—even though economists have shown that the US economy would benefit from the job creating investments associated with implementing the new technology. The result of the White House’s action will be increased medical bills for seniors with lung disease, more children developing asthma, and the continued degradation of our air quality.

BTW, why hasn’t Gore been protesting outside the White House? Why hasn’t he been arrested? Wouldn’t that have a powerful effect? But I digress.

I want to highlight another elite critique–although this critic apparently saw through Obama early on. Yesterday, HuffPo published an outstanding post by Professor of International Affairs Michael Brenner, from the University of Pittsburgh: The Great Betrayal.

Barack Obama’s betrayal will resonate in history long after he has become just another name on the over-priced celebrity speaker circuit. It is a betrayal of far more than the youthful idealists and loyal progressives who put him in the White House. Obama has unmoored the Democratic Party from its foundations — philosophical and electoral. No longer is it an expression of the persons, programs and ideas that crystallized with the New Deal and which dominated the country’s politics for sixty years. Its future is that of ad hoc assemblage of hustlers and special interests whose sole claim to govern will be that it is not the amalgamated Tea/Republican Party. Obama, by this Oedipus-like act of patricide, has also betrayed the country that voted for an enlightened leader with a social conscience — a country in desperate need of the opposite to the fate he has laid on us.

Brenner argues that Obama’s extreme narcissism reflects our contemporary culture and that we’ll see more like him in the future {shudder}.

A narcissist has no convictions other than a total dedication to his own gratification. That gives him the freedom to maneuver without inhibition or conscience with the revered self as the only reference point. All expressions of ideals, of opinions, of intentions are implicitly so qualified. A complementary narcissistic trait is an ease with blurring the line between virtual reality and actual reality. Narcissists believe everything they say — at the moment they say it. Their declarations are sterile acts that have no pride of parentage nor can they expect honor from offspring. Witness Obama’s momentarily rousing support of a labor movement that he has scorned for thirty months. This is the same President who has launched an all-out campaign against public school teachers whose unions serve as the whipping-boy for all that ails American education. Narcissists take as given that they never dissemble or lie — because to do so is to acknowledge that reality has an intolerably constraining claim on them.

Of course, this last is a feature of contemporary American political culture in general. Facts are taken to be infinitely malleable, the very notion of truth is denied, speaking honestly is viewed as a lifestyle choice, and communication is more a matter of self affirmation than an attempt to convey knowledge, emotion or intention to somebody else. We have externalized navel gazing to a remarkable degree. One consequence is that public discourse is not anchored by common standards of honesty. It is a maelstrom of opinion, emotive outbursts, mythology and primal screams. Accountability, therefore, ceases to exist. There is accountability only where there are benchmarks of veracity, a reasonably rigorous monitoring of what is said and done, and a dedication on the part of some at least to ensuring that these requirements for a viable democracy are met. The abject failure of the media to perform these functions to any reasonable degree is a hallmark of our times. The think tank and academic worlds are little better.

This amorphous environment is narcissist friendly terrain. It is permissive of twists and turns, leaves no record of what was done yesterday or the day before — much less a year ago, and focuses only on the evanescent existential moment. Case in point is the remarkably uncritical coverage that Obama has received from the supposedly responsible media — especially those who claim to be upholders of the ideas and policies and interests that he has betrayed.

Wow! Can that guy ever write! As I said Brenner apparently saw Obama pretty clearly from the beginning. Here is an excerpt from a paper he wrote in October, 2008 Who is Barack Obama? In this piece, Brenner comments on Obama’s strange disdain for the political and cultural movements of the 1960s and 1970s.

Obama is not a philosophical progressive or a populist. Little if anything in the roiled public life of America seems to anger him or even irk him. At a time of multiple crises – constitutional, economic, and in the nation’s foreign dealings – he keeps his emotional distance. It is hard to imagine him getting worked up about any of the developments in American society or attacks on the body politic that so deeply dismay many others

In all respects, Obama is very much a man of his times. Weak or absent convictions, dispassion even about grievous wrongs, incapacity for moral outrage, quiet acceptance of the precept to put self first – if not quite the measure of all things, a natural egoism – all the hallmarks of contemporary American society. A man who amasses $10 million at a relatively young age after a late start and married to a woman with no inherited wealth whatsoever is a man who looks after himself. He has none of the idealism that exemplified his mother’s life, and for which she paid a steep price in comfort and security. Obama’s disparagement of the 1960s social movements that shaped his mother is revealing. It confirms the absence of serious interest in his own lineage. It hints at an introspection, such as it is, that has the instrumental needs of the present as its magnetic pole. It exemplifies a strongly ahistorical approach to the current world he occupies. Obama’s public remarks that the whole 1960s experience was a ‘psycho-drama’ is astonishing. He is what he is, where he is, as a direct result of the 1960s. The same holds for his wife and children. Indeed, he simply would not be were it not for the ideals and attitudes that became full-blown in the 1960s.

Perhaps at the root of Obama’s narcissism there is a sense of disgust about where he came from and who is is? Or maybe he disdains the movements of the ’60s and ’70s–the Civil Rights movement, the Women’s movement, the anti-war movement, the gay rights movement–because he has no convictions of his own and can’t understand why anyone would have convictions worth fighting for? I don’t know. I admit I simply do not understand the man. I just know he’s toxic for America and he was toxic for the Democratic Party, which, thanks to him, is now truly dead.

Interestingly, I came across another post at HuffPo today that address the issue of generational conflict: Generation X Simply Doesn’t Get it, by Joshua Grant. The post seems to have been written in reaction to the August unemployment numbers. Joshua longs for the days when America really was a great country that everyone could be proud of. His generation, Gen Y, has never experienced it, he says.

We, Generation Y, are a people who have lived through the need for “ADHD medicines,” “anti-depressants,” dysfunctional and broken families, a dot-com bust, financial collapse, failed government institutions, world hunger, terrorism, and international conflicts. Simply put, there has been little to celebrate in life since we’ve been around.

Some people think we are self-absorbed, concerned only with our interest, but can you blame us? The only glimmers of hope have been what personal achievements we have accomplished, of which we hang onto to for dear life. After all, in a country that is supposed to be so “great,” something doesn’t add up, and we want to know why? It’s not that we are conceited or don’t want to be a part of something better, but why get in the middle of a national mess that looks like a downward spiral?

Joshua is so young that lacks any historical perspective. He blames the problems he sees on Generation X. Poor Gen X! They grew up under Reagan and never experienced an America that produced prosperity for anyone but the rich. I’m not sure Joshua even knows about difficult passages that members of other still living generations experienced–like the Great Depression, World War II, Vietnam, racial discrimination and segregation. He wants to know why things are so terrible in this country right now. And if Gen X-ers aren’t going to do anything about it, he wants them to get out of the way so his generation can. To his parents’ generation, he writes:

Let me thank you on behalf of my generation, Y, for all that you have done, and now I ask that you step aside, open your books, and let us, with all the right questions, begin to solve the problems you can’t seem to figure out. It all starts with Why/Y.

If you won’t ask, we will.

I don’t want to be too hard on Joshua, because he’s obviously very young. But what on earth is his generation waiting for? Why aren’t they in the streets protesting already? Why aren’t they out there demanding jobs and a guarantee they’ll get social security in their old age instead of complaining about being stripped of hope? Why aren’t they protesting the wars, torture, and domestic spying? Why are they waiting around for someone else to do it?

In the comments on Joshua’s article, everyone hammers the baby boomers and says it’s all our fault. At least we tried to fight the powers that be. Our generation didn’t sit around waiting for our parents to change things. We fought for change and we had a powerful effect on the culture even though we couldn’t stop the growing corruption and corporatization of the government. What are these kids waiting for? I admit I just don’t get it.

Well, this post has turned into a bit of a rant, so I guess I’ll wrap it up. What are you reading and blogging about today?


Friday Morning Reads

Well, it looks like I’m in a tropical storm warning right now. I’m just hoping the electricity stays on as TD 13 becomes TS Lee when it drifts around and comes on shore some time on Saturday.  I’m also hoping Hurricane Katia stays a fish storm but that’s looking less likely at the moment.  Lot’s of us may get flooded yet again.  I’m just hoping we can go get NJ Governor Chris Christie to go beat up Eric Cantor in the interim.  Poor Vermont looks like it needs a lot of help right now!  We’re expected to get rain that may fall at 2-3 inches an hour.  I’m not sure if our pumps can handle that; especially the crappy ones the Corps bought from Jeb Bush that have been problematic since they were installed.

So, it’s nice to see that the FED has decided that Goldman Sachs is now under its jurisdiction and is ordering it to review its foreclosure practices of a former subsidiary.  So many heads should roll over the subprime mortgage market mess and so few have to date.  The Fed’s a pretty aggressive regulator when it feels some institution is in its charter.  It’s good to see the charter is extending beyond commercial banks and thrifts now that the cheap lending has been extended to other financial institutions too.  They take the truth-in-lending laws very seriously.

The Federal Reserve ordered Goldman Sachs Group Inc to hire a consultant to review practices of a former mortgage subsidiary on Thursday and said it plans to assess a monetary penalty for wrongful foreclosures.

The Fed’s crackdown sent Goldman shares down 3.5 percent on Thursday, even as the bank announced that it had completed the sale of Litton Loan Servicing LP, the mortgage-servicing business at the heart of its foreclosure problems.

Litton’s regulatory troubles stem largely from the practice of “robosigning,” in which bank employees signed foreclosure documents without reviewing case files as required by law.

Many large banks, including Bank of America Corp, JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc, have been targets of probes by state and federal regulators over the same issue, in the clean-up after a world financial crisis triggered in large part by bad mortgages in the United States and bonds backed by those loans.

The Fed cited “a pattern of misconduct and negligence” at Litton in announcing its enforcement action against Goldman.

The Economist has been having a reader debate on the necessity of Fiscal stimulus for the US.  The Hell, Yes! vote appears to have it.  The comments are about as interesting as the two economists debating the motion.

The American economy has remained extremely weak since officially leaving recession in mid-2009. The unemployment rate has barely fallen. Recent figures suggest GDP grew at less than a 1% annualised rate through the first half of the year and the odds of a return to recession have risen. The headwinds facing the economy are considerable: the private sector is still trying to reduce the burden of debt it is carrying from the pre-crisis boom years. House prices are still in the doldrums and mortgage credit is hard to get. State and local governments, which are required to balance their budgets, have been forced to cut spending, workers and hours to cope with falling tax collections. Many argue that in such a situation, the federal government is the only entity left that can provide a boost to overall demand and keep the economy from slipping back into recession or prolonged stagnation. At present, however, federal fiscal policy is scheduled to do the opposite: at the end of this year, a temporary payroll tax cut and enhanced jobless benefits expire.

George Stephanopoulos writes about  James Carville who told him that the White House was “out of bounds” when it asked for time to speak to Congress at nearly the same time NBC broadcasts a Republican Presidential Candidate Debate.

“I do think this is a really big debate and I think the White House was out of bounds…in trying to schedule a speech during a debate,” Carville said on “GMA.”

This will be Gov. Rick Perry’s first debate, and as Carville said this morning the stakes are high.

“Given a choice between watching a debate and the speech I would have watched the debate and I’m not even a Republican or even close to being a Republican,” he said, adding it will be a “barn burner.”

The administration agreed to move the speech to Thursday- possibly competing with the kick off of the NFL season instead. The White House has been touting this jobs plan telling ABC News that he will propose tax relief, infrastructure investment and assistance for the long term unemployed.

Obama has received advice from both sides with some arguing for an ambitious proposal and others recommending finding middle ground.

Carville, an ABC News consultant, told me it doesn’t matter what Obama proposes, it won’t get through Congress.

The President’s speech is supposed to help him with terrible polls, including one from Rasmussen that shows him currently behind Rick Perry.

For the first time this year, Texas Governor Rick Perry leads President Obama in a national Election 2012 survey. Other Republican candidates trail the president by single digits.

A new Rasmussen Reports national telephone survey shows Perry picking up 44% of the vote while the president earns support from 41%. Given the margin of sampling error (+/- 3 percentage points) and the fact that the election is more than a year away, the race between the two men is effectively a toss-up. Just over a week ago, the president held a three-point advantage over Perry. (To see question wording, click here.)

Perry leads by nine among men but trails by five among women. Among voters under 30, the president leads while Perry has the edge among those over 30. The president leads Perry by 16 percentage points among union members while Perry leads among those who do not belong to a union.

I’d vote for a dead dog before I’d vote for Rick Perry, just in case you’re wondering where I stand.  A Quinnipiac University poll also shows the President’s approval on handling of unemployment and the economy is still bleak.

President Barack Obama’s overall job approval rating has sunk to an all-time low, as American voters disapprove 52 – 42 percent, compared to 47 – 46 percent approval in July, and among whites and men his approval has dropped into the 30s, according to a Quinnipiac University poll released today. Congressional leaders rate even lower in the public eye.
Voters nationwide are more pessimistic about the economy, saying 49 – 11 percent that it is getting worse rather than improving, a precipitous drop from a July 14 survey by the independent Quinnipiac (KWIN-uh-pe-ack) University, in which voters said 32 – 23 percent the economy was worsening and January 18, when voters said 36 – 20 percent it was improving.
The economy is in a recession, 76 percent of voters say, and is not beginning to recover, voters say 68 – 28 percent.
Voters trust Obama more than congressional Republicans to handle the economy 44 – 41 percent, but they say 46 – 42 percent that Republican presidential candidate Mitt Romney would do a better job than Obama. They are split 43 – 41 percent on whether Obama or GOP candidate Rick Perry would be better on the economy.

This should be an interesting political season.  My guess is that it’s going to get very ugly.

There’s some good news from NPR about the Obama Justice Department.  It seems they have made a priority of keeping abortion providers and women seeking abortions safe from violence and protestor harassment.

The Obama Justice Department has been taking a more aggressive approach against people who block access to abortion clinics, using a 1994 law to bring cases in greater numbers than its predecessor.

The numbers are most stark when it comes to civil lawsuits, which seek to create buffer zones around clinic entrances for people who have blocked access in the past. Under the Freedom of Access to Clinic Entrances Act, or FACE Act, the Justice Department’s civil rights division has filed eight civil cases since the start of the Obama administration. That’s a big increase over the George W. Bush years, when one case was filed in eight years.

“There’s been a substantial difference between this administration and the one immediately prior,” says Ellen Gertzog, director of security for Planned Parenthood. “From where we sit, there’s currently much greater willingness to carefully assess incidents when they occur and to proceed with legal action when appropriate.”

Over the past two years, the Justice Department and FBI have been meeting with abortion-rights groups and medical providers all over the country to explain their work and talk about a federal task force designed to prevent violence against doctors and women seeking abortions.

The National Abortion Federation, which tracks violent incidents, says major violence is down since the 2009 murder of abortion doctor George Tiller. The man who killed Tiller has been convicted, and a federal grand jury is investigating the conduct of his alleged accomplices.

But Sharon Levin, a vice president at the National Abortion Federation, says there are still some signs of trouble, including two incidents this summer involving Molotov cocktails and the arrest of a man who told police he wanted to shoot two abortion doctors in Wisconsin.

So I admit to being totally fascinated by Stonehenge. I wanted to share this Tomb find in the place where the famous stones were most likely quarried.

The tomb for the original builders of Stonehenge could have been unearthed by an excavation at a site in Wales.

The Carn Menyn site in the Preseli Hills is where the bluestones used to construct the first stone phase of the henge were quarried in 2300BC.

Organic material from the site will be radiocarbon dated, but it is thought any remains have already been removed.

Archaeologists believe this could prove a conclusive link between the site and Stonehenge.

The remains of a ceremonial monument were found with a bank that appears to have a pair of standing stones embedded in it.

The bluestones at the earliest phase of Stonehenge – also set in pairs – give a direct architectural link from the iconic site to this newly discovered henge-like monument in Wales.

Site in Wales of Neolithic tomb The central site had already been disturbed so archaeologists chose to excavate around the edges

The tomb, which is a passage cairn – a style typical of Neolithic burial monument – was placed over this henge.

How cool is that?

So, that’s my contribution for the day.  Hopefully, I’ll be on line through the weekend but if you don’t see me, you’ll know what happened!

What’s on your reading and blogging list today?


Nicholas Kristof Suddenly Discovers the Unemployment Crisis

I probably shouldn’t pick on Nicholas Kristof, because I guess as media elites go, he’s one of the least offensive. But really, his latest column just about sent me out into the street screaming and tearing my hair out. The piece is titled “Did We Drop the Ball on Unemployment?”

WHEN I’m in New York or Washington, people talk passionately about debt and political battles. But in the living rooms or on the front porches here in Yamhill, Ore., where I grew up, a different specter wakes friends up in the middle of the night.

It’s unemployment.

I’ve spent a chunk of summer vacation visiting old friends here, and I can’t help feeling that national politicians and national journalists alike have dropped the ball on jobs. Some 25 million Americans are unemployed or underemployed — that’s more than 16 percent of the work force — but jobs haven’t been nearly high enough on the national agenda.

Duh! I have a question for Captain Obvious Nick Kristof: Is the Pope Catholic? Here’s another one: Does a bear sh*t in the woods? Yes, Nick. You and your pals dropped the ball, missed the boat, and every other metaphorical cliche you can think of. Yes. And it’s way too late for your mealy-mouthed *concern* to make a difference.

What is wrong with these people? Kristof goes on to provide a few examples of people he knows in Oregon who are suffering from joblessness and hopelessness. Frankly, I found his little anecdotes rather patronizing. Maybe I’m being too hard on him, but really, if this man claims to be a “journalist,” why didn’t he recognize years ago that unemployment was a huge problem for the American people and for the economy as a whole? Kristof’s half-hearted prescriptions for solutions aren’t much better than Obama’s:

There are no quick fixes to joblessness, but Washington could temporarily make federal money available to pay for teachers who are otherwise being laid off. We could increase spending on service programs like AmeriCorps that have far more applicants than spots.

We could extend the payroll tax cut, which expires at the end of December. Astonishingly, Republicans in Congress seem to be lined up instinctively against this basic economic stimulus. Could the Tea Party actually favor tax reductions for billionaires but not for working Americans? Could we have found a tax increase the Republican Party favors?

Mr. Obama, with 25 million Americans hurting, will you fight — really fight! — to put jobs at the top of the national agenda?

Give me a break! Obama isn’t going to fight for anything except his own reelection and keeping his wealthy donors happy. And Nick Kristof, after tossing of a facile column in which he pretends to care about struggling Americans, will return to Washington and New York, smile his self-satisfied smile, and continue to ignore the depth of what is really happening to our country.

Why doesn’t The New York Times hire Jeffrey Kaye, who writes about important topics like torture? Joblessness can be a kind of torture too, and a couple of weeks ago, Kaye wrote a fine article about the links between unemployment, depression, and suicide.

When considering the effects of unemployment, and the desultory, really uncaring response of the current Democratic administration, as well as Republicans in Congress, to the human devastation of joblessness, it is important to consider the terrible emotional and psychological effects of such unemployment. Such effects are well-documented, but rarely mentioned in articles or blog postings.

A well-regarded 2010 study by the John J. Heldrich Center for Workforce Development at Rutgers, the State University of New Jersey, “The Anguish of Unemployment,” quantified the tremendous emotional suffering engendered by unemployment. “‘The lack of income and loss of health benefits hurts greatly, but losing the ability to provide for my wife and myself is killing me emotionally,’ wrote one respondent to the survey.” ….

Just last April, the Centers for Disease Control (CDC) released a study that showed that suicide rates rise and fall in tandem with the business cycle.

Kaye, a clinical psychologist actively working with clients, says he has seen the devastating effects of joblessness in his own practice since the financial crisis. He writes:

Unemployment is deadly. The effects of the capitalist boom-and-bust system seriously damage millions of lives. But with an almost daily bombast of propaganda about terrorism, the populace lives in fear, while wondering how they will make their bills, ground down between anxiety over ghostly terrorists and eviction, or how to put gas in their car, or afford a bus pass. Hopelessness stalks the land, not Al Qaeda. And yet the politicians in D.C. care little or nothing about the suffering their policies cause. Indeed, their pockets are lined with campaign donations from corporations that routinely layoff hundreds of thousands, and ship many thousands more jobs overseas.

Callous disregard for human lives is what links the terrible policies of war and torture with the policies of neglect and indifference towards the jobless. Such callousness is the by-product of a get-rich-quick ethos that worships profit over all else, over worship of a capitalist system that has brought about terrible world wars, massive depressions, colonial atrocities, and even genocide. U.S. society awaits its turn through the meat-grinder of history.

That is the kind of writing I’d like to see on the op-ed page of the NYT. Of course I know it will never happen. The elite media, the out-of-touch political class, and their wealthy enablers must not be made to feel even slightly uncomfortable about the effects of their actions–not even for the few minutes it takes to read a newspaper column.


Saturday Reads: Dr. Martin Luther King’s Dreams, Waiting for Irene, and Bernanke’s Complaint

By Mr. Fish, Truthdig.org

Good Morning! We are approaching the 48th anniversary of the March on Washington for Jobs and Freedom (remember those?) and Martin Luther King’s “I have a dream” speech. Perhaps it is fitting that the ceremony to be held tomorrow to commemorate the anniversary has been postponed indefinitely. After all, King’s dream of ending poverty in American has certainly been postponed indefinitely. Ironically, we now have a “Black President” who as different from Dr. King as night from day. Oh, if only King were here today to speak truth to this sorry excuse for a President!

A reminder from the Center for American Progress: Dr. King’s Legacy Relevant in Today’s Budget Battles

In the 1960s, Americans had a government that refused to deliver basic human rights to its people. Over time, after battles in the courts and the political arena, laws such as the Civil Rights Act of 1964 and the Equal Employment Opportunity Act of 1972 were passed. But despite these great accomplishments the fight continued because many Americans of all racial backgrounds were still living below the poverty line.

So in 1967, Dr. King and the Southern Christian Leadership Conference decided to organize and lead the Poor People’s Campaign to combat poverty. The goal was to push Congress to create an “Economic Bill of Rights” that would establish how the federal government would address and solve the country’s poverty issues. It called for full employment, affordable housing, reasonable living wages, and equitable education opportunities for the poor. Momentum built up around the country, but unfortunately the campaign ended early due to the tragic assassination of Dr. King and lack of organization to continue the efforts.

Cornel West had a very appropriate op-ed in the NYT a couple of days ago: Dr. King Weeps From His Grave Here is a relevant excerpt:

The age of Obama has fallen tragically short of fulfilling King’s prophetic legacy. Instead of articulating a radical democratic vision and fighting for homeowners, workers and poor people in the form of mortgage relief, jobs and investment in education, infrastructure and housing, the administration gave us bailouts for banks, record profits for Wall Street and giant budget cuts on the backs of the vulnerable.

As the talk show host Tavis Smiley and I have said in our national tour against poverty, the recent budget deal is only the latest phase of a 30-year, top-down, one-sided war against the poor and working people in the name of a morally bankrupt policy of deregulating markets, lowering taxes and cutting spending for those already socially neglected and economically abandoned. Our two main political parties, each beholden to big money, offer merely alternative versions of oligarchic rule.

The absence of a King-worthy narrative to reinvigorate poor and working people has enabled right-wing populists to seize the moment with credible claims about government corruption and ridiculous claims about tax cuts’ stimulating growth. This right-wing threat is a catastrophic response to King’s four catastrophes; its agenda would lead to hellish conditions for most Americans.

King weeps from his grave. He never confused substance with symbolism. He never conflated a flesh and blood sacrifice with a stone and mortar edifice. We rightly celebrate his substance and sacrifice because he loved us all so deeply. Let us not remain satisfied with symbolism because we too often fear the challenge he embraced. Our greatest writer, Herman Melville, who spent his life in love with America even as he was our most fierce critic of the myth of American exceptionalism, noted, “Truth uncompromisingly told will always have its ragged edges; hence the conclusion of such a narration is apt to be less finished than an architectural finial.”

King’s response to our crisis can be put in one word: revolution. A revolution in our priorities, a re-evaluation of our values, a reinvigoration of our public life and a fundamental transformation of our way of thinking and living that promotes a transfer of power from oligarchs and plutocrats to everyday people and ordinary citizens.

Yes we need a revolution. We desperately need to revise our priorities and values and to end the transfer of wealth and power from the people to the oligarchs. Who will lead that revolution? We have never been more in need of strong, honest, caring leaders and yet we have a complete vacuum of leadership. What is to become of our country?

Of course Hurricane Irene is the more immediate focus and the object of the media sharks’ feeding frenzy for today. Nothing so pedestrian as putting people back to work or ending poverty could interest them. Interestingly, big media seems to be ignoring the fact that the hurricane has weakened significantly and that the eye has collapsed, meaning that there is unlikely to be any more intensification of the storm. I suppose it could still do quite a bit of damage along the coastline, but as a Bostonian I’ve seen so many of these huge storms fail to live up to the hype that I’m skeptical of this one. I hope I’m right this time.

Jeff Masters at Weather Underground yesterday:

Satellite data and measurements from the Hurricane Hunters show that Irene is weakening. A 9:21 am EDT center fix by an Air Force Reserve aircraft found that Irene’s eyewall had collapsed, and the central pressure had risen to 946 mb from a low of 942 mb this morning. The highest winds measured at their flight level of 10,000 feet were 125 mph, which would normally support classifying Irene as a Category 3 hurricane with 115 mph winds. However, these winds were not mixing down to the surface in the way we typically see with hurricanes, and the strongest surface winds seen by the aircraft with their SFMR instrument were just 90 mph in the storm’s northeast eyewall. Assuming the aircraft missed sampling the strongest winds of the hurricane, it’s a good guess that Irene is a mid-strength Category 2 hurricane with 100 mph winds. Satellite imagery shows a distinctly lopsided appearance to Irene’s cloud pattern, with not much heavy thunderstorm activity on the southwest side. This is due to moderate wind shear of 10 – 20 knots due to upper-level winds out of the southwest. This shear is disrupting Irene’s circulation and has cut off upper-level outflow along the south side of the hurricane. No eye is visible in satellite loops, but the storm’s size is certainly impressive. Long range radar out of Wlimington, North Carolina, shows that the outermost spiral bands from Irene are now beginning to come ashore along the South Carolina/North Carolina border. Winds at buoy 41004 100 miles offshore from Charleston, SC increased to 36 mph as of 10 am, with significant wave heights of 18 feet.


And from last night:
“Irene continues to weaken.”

Satellite data and measurements from the Hurricane Hunters show that Irene continues to weaken. A 1:32 pm EDT center fix by an Air Force Reserve aircraft found that Irene’s eyewall is still gone, and the central pressure had risen to 951 mb from a low of 942 mb this morning. The winds measured in Irene near the surface support classifying it as a strong Category 1 hurricane or weak Category 2. Satellite imagery shows a distinctly lopsided appearance to Irene’s cloud pattern, with not much heavy thunderstorm activity on the southwest side. This is due to moderate southwesterly wind shear of 10 – 20 knots. This shear is disrupting Irene’s circulation and has cut off upper-level outflow along the south side of the hurricane. No eye is visible in satellite loops, but the storm’s size is certainly impressive. Long range radar out of Wilmington, North Carolina, shows that the outermost spiral bands from Irene have moved ashore over North Carolina. Winds at buoy 41004 100 miles offshore from Charleston, SC increased to 47 mph, gusting to 60 mph at 3 pm EDT, with significant wave heights of 25 feet.

New York City has ordered 250,000 people to evacuate from coastal areas.

New York City officials issued what they called an unprecedented order on Friday for the evacuation of about 250,000 residents of low-lying areas at the city’s edges — from the expensive apartments in Battery Park City to the roller coaster in Coney Island to the dilapidated boardwalk in the Rockaways — warning that Hurricane Irene was such a threat that people living there simply had to get out.

Officials made what they said was another first-of-its kind decision, announcing plans to shut down the city’s entire transit system on Saturday — all 468 subway stations and 840 miles of tracks, and the rest of nation’s largest mass transit network: thousands of buses in the city, as well as the buses and commuter trains that reach from Midtown Manhattan to the suburbs.

Underscoring what Mayor Michael R. Bloomberg and other officials said was the seriousness of the threat, President Obama approved a request from Gov. Andrew M. Cuomo of New York to declare a federal emergency in the state while the hurricane was still several hundred miles away, churning toward the Carolinas. The city was part of a hurricane warning that took in hundreds of miles of coastline, from Sandy Hook, N.J., to Sagamore Beach, Mass.

From what I’ve heard, the Jersey Shore may get hit worse than NYC, but who knows? I know we have a few commenters from NJ, so I hope they will keep us updated on the situation there. In Boston, they are getting warnings about the storm surges for people along the coast and the Cape and islands.

BOSTON — As Hurricane Irene began to batter the Carolina Coast on Friday afternoon, a hurricane warning was issued for Cape Cod, Martha’s Vineyard, New York City and coastal Connecticut.

A tropical storm warning was issued for the North and South shores, and a tropical storm watch was issued for areas of southern New England further inland….

Massachusetts Gov. Deval Patrick declared a state of emergency ahead of the storm. He said he is particularly concerned because Irene will likely take a path through central Massachusetts, with fierce, damage-causing winds and storm surges on the eastern, coastal side of the state, and at least 10 inches of heavy rain leading to flooding to the west.

Here’s a little comic relief. Some ESPN guy (a former golfer) got in trouble for mocking President Obama on Twitter (has the First Amendment been repealed or what?)

ESPN is coming down on Paul Azinger for mocking President Obama on Twitter. The golf analyst tweeted Thursday the commander in chief plays more golf than he does — and that Azinger has created more jobs this month than Obama has.

On Friday ESPN ‘reminded” Azinger his venture into political punditry violates the company’s updated social network policy for on-air talent and reporters.

“Paul’s tweet was not consistent with our social media policy, and he has been reminded that political commentary is best left to those in that field,” spokesman Andy Hall told Game On! in a statement.

ESPN’s Hall would not comment on whether Azinger, who won the 1993 PGA Championship, will be fired, suspended or punished in some way. “We handle that internally,” he said.

In economics news, Ben Bernanke gave his eagerly anticipated speech yesterday, and basically said that the politicians have screwed up the economy and he hopes they won’t completely sink it with their insanely stupid policies based on Reagan era fantasies. If you’re interested, here are a few links to reactions to Bernanke’s speech.

Derek Thompson at The Atlantic: Bernanke: The Debt Ceiling Debate Nearly Broke the Recovery

Andrew Leonard at Salon: Bernanke Declines to Commit Treason

Jenine Aversa at Bloomberg: Bernanke Scholar Advises Bernanke Fed Chief to Be Bold on Monetary Policy

Those are my reading recommendations for today. What are you reading and blogging about?