TGIFriday Reads

Good Morning!

Democratic Senators Udall (NM) and Bennet (CO) have proposed a bill to overturn the Supreme Court’s Citizen’s United finding. I’m not sure how far it will get, but it’s something to fight for.

“As we head into another election year, we are about to see unprecedented amounts of money spent on efforts to influence the outcome of our elections,” Udall said. “With the Supreme Court striking down the sensible regulations Congress has passed, the only way to address the root cause of this problem is to give Congress clear authority to regulate the campaign finance system.”

The proposed amendment would grant Congress and the states the authority to regulate the campaign finance system, but would not dictate any specific policies or regulations.

“The Supreme Court’s reversal of its own direction in the Citizens United decision and other recent cases has had a major effect on our election system,” Bennet added.

“State legislatures and Congress now may not be allowed to approve even small regulations to our campaign finance system. This proposal would bring some badly needed stability to an area of law that has been thrown off course by the new direction the Court has taken.”

Sens. Tom Harkin (D-IA), Dick Durbin (D-IL), Chuck Schumer (D-NY), Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) have co-sponsored the legislation.

“If we are going to preserve a government responsive to its citizens, we need commonsense reforms that give the American people a full voice,” said Merkley. “This Constitutional Amendment is essential for the people to be heard.”

Will this be the first in a series of moves to get influence money put up by huge corporations out of our democracy?  Here’s some more information via The Big Picture.  It even includes nifty graphs!!

I’ve been watching a developing story between Israel and Iran that’s truly disturbing.  Here’s an article at HuffPo by MJ Rosenberg that indicates there are many people that believe that Israel may launch a preemptive attack on Iran and that some are actually pushing for it.  There’s little evidence that an attack is imminent, but even in our House of Representatives there appear to be folks that are laying groundwork for US involvement.

Accordingly the House Foreign Affairs Committee hurriedly convened this week to consider a new “crippling sanctions” bill that seems less designed to deter an Iran nuclear weapon than to lay the groundwork for war.

The clearest evidence that war is the intention of the bill’s supporters comes in Section 601 which should be quoted in full. (It is so incredible that paraphrasing would invite the charge of distorting through selective quotation.)

It reads:

(c) RESTRICTION ON CONTACT. — No person employed with the United States Government may contact in an official or unofficial capacity any person that — (1) is an agent, instrumentality, or official of, is affiliated with, or is serving as a representative of the Government of Iran; and (2) presents a threat to the United States or is affiliated with terrorist organizations. (d) WAIVER. — The President may waive the requirements of subsection (c) if the President determines and so reports to the appropriate congressional committees 15 days prior to the exercise of waiver authority that failure to exercise such waiver authority would pose an unusual and extraordinary threat to the vital national security interests of the United States.What does this mean?

It means that neither the president, the Secretary of State nor any U.S. diplomat or emissary may engage in negotiations or diplomacy with Iran of any kind unless the president convinces the “appropriate Congressional committees” (most significantly, the House Foreign Affairs Committee which is an AIPAC fiefdom) that not engaging with Iranian contacts would present an “an unusual and extraordinary threat to the vital national security interests of the United States.”

To call this unprecedented is an understatement. At no time in our history has the White House or State Department been restricted from dealing with representatives of a foreign state, even in war time.

Here’s information on public debate and polls  in Israel that show about dead even support for attacking Iran. It’s scary to think that while we have been hoping to wind down US involvement in the region there are many people working to amp it up.

All week Israel has thrummed with talk of launching a military strike on Iran.  It began with published hints that Prime Minister Benjamin Netanyahu was preparing to move forward on plans to attack Iranian nuclear facilities, a pre-emptive move that he, along with his defense minister, Ehud Barak, long have been described as advocating. Word that mooted aim might be moving toward action came from Nahum Barnea, the most respected columnist in the country, whose heads-up ran across the front page of the weekend edition of Yedioth Ahronoth.

Next came solemn but elliptical remarks from members of his inner cabinet, which would have to approve an air strike on a foreign country. “This strike is complex and intricate, and it is best not to talk about how complex and intricate it is,” Eli Yishai, the interior minister and head of the religious Shas party, was quoted saying.  “This operation leaves me sleepless.”

(READ: Smart power? Not in the Middle East.)

What followed seemed to confirm that something was indeed afoot in the top levels of government: A flurry of senior ministers began shouting that these things should not be discussed in public. “Debates like this cannot be held in front of the camera,” said Dan Meridor, whose portfolio is intelligence and atomic energy.  “It’s as if we’ve lost our minds here.”  Benny Begin, another Likud member of the inner cabinet lamented “there has never been a media campaign like this. It’s a crazy free-for-all….simply disgusting.”

What’s actually happening is far from clear, and perhaps meant to be that way.  There could be actual fire – a fuse being lit by a country that, after all, sent jets to knock out nuclear installations in Iraq and Syria, albeit with no warning. Or all this could be not fire but smoke, a rustling of papers meant both to unnerve Iran and steel the resolve of global powers to enforce punishing sanctions against it.

 The Nation‘s Jackson Diehl asks “Will Israel really attack Iran?”

The discussion got started this time in a relatively dramatic way: with a banner-headlined story in one of Israel’s best-read newspapers, under the byline of one the country’s most renowned journalists. Nahum Barnea normally writes a column for the Yediot Ahronot newspaper, but last Friday he produced a bombshell story under the headline “Atomic Pressure.”

His main point: Prime Minister Benjamin Netanyahu and his defense minister, Ehud Barak, are determined to attack Iran, and are pressuring Israel’s reluctant military and intelligence chiefs to go along.

“Binyamin Netanyahu and Ehud Barak are the two Siamese twins of the Iranian issue,” Barnea wrote. “A rare phenomenon is taking place here in terms of Israeli politics: a prime minister and a defense minister who act as one body, with one goal.” Barnea’s story quickly touched off a frenzy in the Israeli media, which have followed up with several intriguing reports in recent days. Several accounts described a major Israeli air force exercise at a NATO base in Italy over the weekend, which was said to include all of the types of planes Israel would use in an attack on Iranian nuclear facilities.

On Wednesday, the newspaper Haaretz reported that Netanyahu was working to assemble a majority in his cabinet in favor of a strike and had recently won over his previously skeptical foreign minister, Avigdor Lieberman. And Iran’s own media weighed in: The state news agency quoted the defense minister as saying that the United States as well as Israel would suffer “heavy damages” in the event of an attack.

So why is this coming up now? Could an Israeli attack really be imminent? Iran, after all, has not shown any sign of launching a breakout to produce a bomb; even if it did, most experts in Israel as well as the West have said it would take the regime a year or more to complete a bomb.

Haaretz reported that Netanyahu and Barak were focused on an upcoming report by the International Atomic Energy Agency, due on Nov. 8, that is expected to offer new information about Iran’s attempts to develop designs for warheads and delivery systems. Other Israeli reports have speculated that any attack by Israel must occur before the winter months, when cloudy skies might complicate strikes from the air. Iran’s recent steps toward opening a new underground facility for uranium enrichment that is buried under a mountain, and possibly immune to air strikes, could also be a factor.

In reality, Israel is unlikely to launch any attack without the support of the United States, which could easily be drawn into the regional conflict an air strike would trigger. Like the Israeli military establishment, the Pentagon opposes any such venture — and it’s hard to imagine President Obama signing on. If he acts in the coming weeks or months, Netanyahu would risk a rupture in the alliance that is the ultimate guarantor of Israeli security.

I’m hoping this analysis is right.

Herman Cain obviously knows nothing about running in major elections where your past behavior will get dug up by some one.  His campaign is considering suing Politico.  It’s fun to watch all this intraRepublican antics.  Politico is well known to have Republican sympathies and it gave the campaign adequate time for damage control.  He better get ready to stuck a fork in his own buns cause they look way done and this looks like an act of major desperation.  Just wait until some of the women start telling their side to this.

A Herman Cain aide said Thursday that the Cain campaign is considering its legal options over the original Politico story, which revealed that the former head of the National Restaurant Association was accused of sexually harassing at least two women during his tenure in the 1990s.

“This is likely not over with Politico from a legal perspective,” a campaign official told the Post, stopping short of explaining what exactly he meant by taking legal action against the publication.

Politico’s Executive Editor, Jim VandeHei said in a statement:

“We have heard nothing from the Cain campaign. We stand confidently behind every story Politico reporters have written on the topic.”

A number of press outlets have confirmed the settlements, allegations, and behavior concerning Cain’s tenure at the National Restaurant Association. It seems to me that some folks just don’t get the idea that women would like to work in environment free of coercion and tensions.  There’s been a number of Republicans–including operatives familiar with the situation–that seem to get this.  Two settlements and numerous rumors and accusations show that this story is more than just a he-said she-said story.  I’m still surprised that the Cain campaign seems offput by the entire situation. If he thought it was significant enough to tell his wife and campaign staff during a senate run, he should’ve seen this coming a mile away and prepared for it months ago.  This continual reversion to the story is suspicious too.   This isn’t going away until a lot more stuff sees the late of day.  Here’s Politico with even more details about one of the cases.  One woman felt her job was at risk if she didn’t go along with his behavior and requests.

The new details—which come from multiple sources independently familiar with the incident at a hotel during a restaurant association event in the late 1990s—put the woman’s account even more sharply at odds with Cain’s emphatic insistence in news media interviews this week that nothing inappropriate happened between the two.

In recent days sources—including associates of the woman and people familiar with operations of the restaurant association—have offered new details of the incident.

The woman in question, roughly 30 years old at the time and working in the National Restaurant Association’s government affairs division, told two people directly at the time that Cain made a sexual overture to her at one of the group’s events, according to the sources familiar with the incident. She was livid and lodged a verbal complaint with an NRA board member that same night, these sources said.

The woman told one of the sources Cain made a suggestion that she felt was overtly sexual in nature and that “she perceived that her job was at risk if she didn’t do it.”

“She is a pretty confident individual, and she was pretty upset,” the source, an acquaintance of the woman, said of her demeanor after the encounter with Cain. “Not crying, but angry.”

She described it as an “unwanted sexual advance” to the other source. The woman took the matter immediately and directly to the board member because “she wanted this fixed,” the source said.

So, that’s the major stories that I’ve been reading about today.  What’s on your reading and blogging list?


For your consideration …

Herman Cain at the National Press Club Today.

Advice from Infamous Conservative Republican on these kinds of candidates.


Elizabeth Warren: The Woman Who Would Throw Stones, Radicalize Your Firstborn And Make the Streets Run Marxist Red

It’s becoming clear that Elizabeth Warren is viewed as a major threat by the Republican political machine.  She’s never been a Wall St. favorite and was neatly disposed by a President too weak, too fearful of or beholden to the financial districts’ money to fight the good fight.  Obama would not and did not appoint Warren to head the Consumer Financial Protection Bureau, an agency she developed and nurtured into being.  And so, rather than going quietly into that good night, Warren surprised many by tossing her hat into the political arena in Massachusetts, running for Ted Kennedy’s old seat and pitting herself against a Wall St. darling, the handsome pinup, Senator Scott Brown.

Personally, I don’t have anything against Brown.  He seems a decent sort from my long-distance view in Red State territory.  But Warren is my kind of candidate, even though she’s not as liberal as I am nor as liberal as many disenchanted, politically homeless Democrats.  Where she’s won hearts is through her consistent support for the middle-class, America’s working men and women. The working class is the spine of this country.  We lose them, we lose everything.

But now, Elizabeth Warren has really done it, committed another unpardonable sin.  She’s publicly stated that she supports Occupy Wall St.  She’s openly said that her work in the past set the groundwork, laid down the fundamentals that the Movement took to heart and rallied around.

Some people, perhaps a number of Democrats, would take issue with that.  A former Republican, Warren made a rather clumsy statement about OWS early on about people needing to follow the law.  Critics took that to mean she supported the police in all matters, public grievances be damned.

But this is minor in comparison to the reaction Warren’s most recent statement inspired:

“I created much of the intellectual foundation for what they do,” she says. “I support what they do.”

OMG.  How could she?

For some progressives this statement has the whiff of conceit.  Far too Gore-like, they wail—Al Gore of the ‘I created the Internet’ fame.  An idiotic wail IMHO, but a complaint nonetheless.

But for the GOP?  We’re in major meltdown territory.  If Warren supports OWS, then the unreasonable can conclude she supports general mayhem, political overthrow, blood running thick and red through the streets.  Because creating hysteria and destructive class warfare is what OWS is all about.

Hello?

This ongoing spew of misinformation is laughable.  But also dangerous.  Trying to paint Elizabeth Warren as some fuming Marxist and the Occupy Movement as a bunch of mindless revolutionaries [or spoiled brats with romantic revolutionary notions], sets the stage for a political division we have not seen since those grand Red Scare days.  I wasn’t a conscious human being [beyond sucking my toes] during that infamous period, the glorious McCarthy years–our political witch burning era–but I’ve read enough to know we don’t want to go there.  Too many ruined lives, too much shameless posturing and a myriad of unAmerican activities transformed into a hideous art form by righteous accusers who saw Commies and Traitors and a sprawling Red Menace everywhere they looked. And pointed.

The National Republican Senatorial Committee [NRSC] hoping to reelect Scott Brown in 2012 jumped all over Warren’s OWS support statement:

“Warren’s decision to not only embrace, but take credit for this movement is notable considering the Boston Police Department was recently forced to arrest at least 141 of her Occupy acolytes in Boston the other day after they threatened to tie up traffic downtown and refused to abide by their protest permit limits,” wrote NRSC spokesman, Brian Walsh.

You can see where this twisted language logic takes you—Warren supports OWS.  Therefore, Warren is responsible for the police ‘forced’ to arrest 141 of her ‘Occupy acolytes.’

Can we take a break here?

The police acted independently of Elizabeth Warren.  They arrested citizens exercising their Constitutional right to free assembly to voice grievances against a Government and financial system that has betrayed them, betrayed us all.  They were arrested because they threatened to tie up traffic? Did they or didn’t they?  And as we all know refusing to abide by protest permit limits is a major offense.  Off with their heads!  Oh, and let’s not overlook that sweet phrase: ‘her Occupy acolytes.’

Holy Smokes!  Elizabeth Warren is not only an OWS supporter, she’s the Pope of Mayhem.

“Politics is a blood Sport.”

That quote is credited to a 20th century Welsh politician, Aneurin Bevan.  I recall Bill Clinton saying the same thing a number of years ago.  It’s probably true.  He or she who withstands the battle of a thousand tiny cuts, wins.  But let’s not confuse honest criticism with smarmy, unsubstantiated attacks and accusations.

Elizabeth Warren is not Marxist, anymore than the Occupy Wall St. movement is dedicated to the violent overthrow of the United States. Are there some radical elements swirling around the edges of Occupy?  Probably.  Like moths, the fringe is drawn to the swirling lights.  But one would need to question who is on the side of violence with what happened in Oakland over the last several nights.

What Warren and OWS protesters have in common is a cry for economic justice, a return to the Rule of Law in a country where our Government and financial institutions have been overtaken by Big Money and corporate influence.  Warren and OWS’s support for middle-class equity and fairness is as American as Old Glory.

But here’s another reason I like Elizabeth Warren:

Because she really drives the GOP wild and highlights the shallow, ridiculous nature of their arguments and propaganda.

You go, Sister!


It’s Saturday!

Happy Saturday Sky Dancers!! It’s a beautiful fall day here in Indiana, but I’m looking forward to getting back to Boston. I’ll be taking off in a couple of days and I hope to be home by Tuesday or Wednesday. My mom is going along for the ride so she can hang out with her youngest grandsons for awhile. It will be fun, because she’ll be there over Halloween. But enough about my boring life–let’s get to the news.

This story is a couple of days old, but still worth reading. Via BDBlue at Corrente, Which GOP candidate do you think has raised the most money from Wall Street?

Barack Obama!

Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and banking sector than Mitt Romney or any other Republican presidential candidate, according to new fundraising data.

Obama’s key advantage over the GOP field is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee, which will aid in his reelection effort.

As a result, Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined, according to a Washington Post analysis of contribution data. The numbers show that Obama retains a persistent reservoir of support among Democratic financiers who have backed him since he was an underdog presidential candidate four years ago.

And get this–Obama has raised nearly twice as much as Romney from the Mittster’s old firm, Bain Capital! So don’t believe all those stories in the media about the Wall Street titans switching to Mitt.

Here’s another “breaking news” story from Forbes: US Businesses Not Being Strangled By Regulation And Taxation, World Bank Says. Gee, no kidding? But the Republicans say that’s the main cause of our economic problems, don’t they?

The World Bank uses indicators such as time spent to set up a business to getting credit, among other things, in benchmarking the 183 countries it ranks in “Doing Business”. The report measures and tracks changes in the regulations applied to domestic companies in 11 areas in their life cycle–such as investors rights, taxation, cross border transactions, legality and enforcement of contracts and bankruptcy law. A fundamental premise of doing business is that economic activity requires good rules that are transparent and accessible to all, not just big business. Such regulations should be efficient, the World Bank states, striking a balance between safeguarding some important aspects of the business environment and avoiding distortions that impose unreasonable costs on businesses. “Where business regulation is burdensome and competition limited, success depends more on whom you know than on what you can do. But where regulations are relatively easy to comply with and accessible to all who need to use them, anyone with talent and a good idea should be able to start and grow a business (legally),” the World Bank said.

Where does the supposed regulation and taxation crippled U.S. stand in the rankings? It is number four, trailing behind New Zealand (3), Hong Kong (2) and Singapore (1).

What it looks like from the research desks at one of the most powerful and elite multilateral institutions on the planet is a U.S. that does not have the government in its way, but a U.S. whose government is more out of the way than it is in every other major economy on earth, including mainland China.

Wow, I wonder if Congressman Paul Ryan reads Forbes? Naaaah… probably too far left for him. And speaking of Ryan, he appeared at a town hall meeting in Muskego, WI yesterday and made a complete ass of himself as usual. From Think Progress:

During a town hall today, House Budget Committee Chairman Paul Ryan (R-WI) was asked by Matthew Lowe, a student, why the GOP wants to cut Pell Grants. Ryan responded by saying that the program is “unsustainable,” before telling Lowe that he should be working three jobs and taking out student loans to pay for college, instead of using Pell Grants:

LOWE: I come from a very middle-class family and under President Obama, I get $5,500 per year to pay for school, which doesn’t come close to covering all of the funding, but it helps ease the burden. Under your plan, you cut it by 15 percent. I was just curious why you would cut a grant that goes directly to the middle- and lower-class people that need it the most.

RYAN: ‘Cause Pell Grants have become unsustainable. It’s all borrowed money…Look, I worked three jobs to pay off my student loans after college. I didn’t get grants, I got loans, and we need to have a system of viable student loans to be able to do this.

That’s funny. I read that Ryan used his father’s Social Security survivor benefits to put himself through college. I’d like to see some documentation on those three jobs he claims he worked while attending classes, writing papers, and studying for exams. Besides, I’ll bet the unemployment rate for college-age kids wasn’t at depression levels back then.

And speaking of paying for college, here’s an interesting piece at Truthout by Ellen Brown: Can the Fed Prevent the Next Crisis by Eliminating Interest on Student Loan Debt?

Among the demands of the Wall Street protesters is student debt forgiveness – a debt “jubilee.” Occupy Philly has a “Student Loan Jubilee Working Group,” and other groups are studying the issue. Commentators say debt forgiveness is impossible. Who would foot the bill? But there is one deep pocket that could pull it off – the Federal Reserve. In its first quantitative easing program (QE1), the Fed removed $1.3 trillion in toxic assets from the books of Wall Street banks. For QE4, it could remove $1 trillion in toxic debt from the backs of millions of students.

The economy would only be the better for it, as was shown by the GI Bill, which provided virtually free higher education for returning veterans, along with low-interest loans for housing and business. The GI Bill had a sevenfold return. It was one of the best investments Congress ever made.

There are arguments against a complete student debt write-off, including that it would reward private universities that are already charging too much and it would unfairly exclude other forms of debt from relief. But the point here is that it could be done and it (or some similar form of consumer “jubilee”) would represent a significant stimulus to the economy.

According to Brown, student loan debt is “the next Black Swan.”

Here’s another stupid Republican story for you. Eric Cantor was scheduled to give a speech yesterday at the elite Wharton School of Business at the University of Pennsylvania. Cantor was to speak on what Republicans plan to do about income inequality. The school was so excited that they opened the talk to the public. In addition, there was to be a protest by several groups, including Occupy Philly.

Guess what Cantor did? He wimped out and cancelled. ROFLOL! From the LA Times:

Cantor was scheduled to speak on income inequity at a lecture hosted by the Wharton business school. The Virginia Republican’s office said he called off the speech after learning that protesters planned to rally outside and attendance would not be limited to students and others affiliated with the school.

Ron Ozio, director of media relations at University of Pennsylvania, said the business school “deeply regrets” that the event was canceled.

“The university community was looking forward to hearing Majority Leader Cantor’s comments on important public issues, and we hope there will be another opportunity for him to speak on campus,” Ozio said in a statement. “The Wharton speaker series is typically open to the general public, and that is how the event with Majority Leader Cantor was billed. We very much regret if there was any misunderstanding with the Majority Leader’s office on the staging of his presentation.”

This is pretty disgusting: Libyans line up to see Gaddafi’s body on display; groups call for probe into death

International human rights groups called Friday for an investigation into the death of former Libyan leader Moammar Gaddafi as gory new videos showed him being spat at and punched by revolutionaries and as skepticism mounted about official claims that he was shot in crossfire after being captured.

The new cellphone videos cast a shadow over the revolutionaries even as they were celebrating the end of their eight-month struggle to wrest control of the country. NATO had backed the rebels in the name of shielding pro-democracy civilians from Gaddafi’s brutality.

“The government version certainly does not fit with the reality we have seen on the ground,” said Peter Bouckaert of Human Rights Watch, who has been investigating the capture of Gaddafi in his home town of Sirte. Amnesty International warned that the killing could be a war crime.

Why do I suspect the U.S. Government gave the go-ahead for Gaddafi to be executed, just like Osama bin Laden? You might want to read Joseph Cannon’s take on this one.

Finally, late last night the Volker Rule was number 1 in Google’s top stories. From the NYT:

When Paul Volcker called for new rules in 2009 to curb risk-taking by banks, and thus avoid making taxpayers liable in the future for the kind of reckless speculation that caused the financial crisis and resulting bailout, he outlined his proposal in a three-page letter to the president.

Last year, when the Dodd-Frank Wall Street Reform and Consumer Protection Act went to Congress, the Volcker Rule that it contained took up 10 pages.

Last week, when the proposed regulations for the Volcker Rule finally emerged for public comment, the text had swelled to 298 pages and was accompanied by more than 1,300 questions about 400 topics.

Wall Street firms have spent countless millions of dollars trying to water down the original Volcker proposal and have succeeded in inserting numerous exemptions. Now they’re claiming it’s too complex to understand and too costly to adopt.

Gee, what a surprise. I wonder how many of those millions were taxpayer dollars?

So…what are you reading and blogging about today?


Running for President as a Moneymaking Scheme

candidate or conman?

We live in an increasingly shallow and commercial culture, so I suppose I shouldn’t be shocked to learn that some people run for President of the United States specifically in order to enrich themselves rather than because they want to serve our country. To be honest, I’ve often speculated that Obama wanted to be President so he could move up to the investor class, and that he might even prefer to serve only one term and then get on to the business of becoming filthy rich.

Sarah Palin became a celebrity by running for Vice President, after which she resigned her job as governor of Alaska, wrote a couple of books and became a Fox personality. She continued to allow her deluded supporters to believe she intended to run for President in 2012, and then pulled the rug out from under them. Did she do all this just to get rich?

Newt Gingrich’s entire campaign staff resigned in June, reportedly because they felt he was more committed to promoting the books and movies he produces with his wife Calista than to doing the hard work needed to win presidential primaries.

It appears Herman Cain is another example of the largely self-interested, phony presidential candidate, according to an article by Joshua Green at Bloomberg Businessweek.

Green writes that Cain’s occupation over the past fifteen years has been traveling around the country as a “motivational speaker.” He is also promoting his new book, This is Herman Cain! My Journey to the White House while he is supposedly running for President–and presumably accepting contributions from supporters. Green writes that Cain recently told an audience in Phoenix, AZ that “My American dream,” he boomed, “was, when I grow up, I want to make me some money!” More from the article:

Cain is making money, alright. Bloomberg News reported on Oct. 17 that his campaign paid more than $65,000 to his personal publishing company to buy copies of his books and pamphlets. In an interview before his address to the Arizona GOP, he told me that he continues to give motivational speeches to corporations at $25,000 a pop even as he campaigns for President. “I’m still doing paid speeches,” he confirmed. “But I have not raised my prices. This economy’s on life support, so I’m very mindful of those companies that would like to have me come and speak. But I’m not gonna take advantage of my newfound popularity just to put more dollars in my pocket.” Even so, Cain estimates that he has earned $250,000 this year through his speeches.

Running for President has been good to him, even if no one is certain that the White House is his most coveted destination. Opponents, reporters, and many of his own aides are skeptical. In June, four of his top staffers in Iowa and New Hampshire quit because, as one of them put it, Cain “wasn’t willing to make the commitment to Iowa necessary to win.” Over the past few months, as his popularity has swelled, he has turned his back on the early primary states he once courted diligently and set off on a national book tour to promote This is Herman Cain! He has a bare-bones staff, a thin calendar, and hasn’t registered his name on the ballot in numerous primary states, although he has registered appearances on the Today show and dozens of others to pitch his book.

Cain claims he’s a serious candidate, even though he isn’t making the slightest effort to compete in the early primaries.

Cain insists he’s serious about becoming President and dismisses any suggestion otherwise. “People who criticize me for our strategy, they don’t know what our strategy is,” he says. Cain claims that he has passed over early primary states to sell books and speak to audiences in places like Tennessee and Ohio because he is running primary and general election strategies at the same time. “I have an unconventional campaign,” he says.

Nevertheless, by pretending to be a candidate, he has certainly raised his own visibility and celebrity, just as Palin did. I always had the impression that Cain was nothing but a cheap huckster; but after reading Green’s article my opinion of him has gotten even lower, if that’s possible. And yet this man is currently the Republican frontrunner. Sometimes I feel as if I don’t fit in this new America at all. What has happened to patriotism and idealism?

I’ve started seeing a few stories suggesting that Cain’s support may have peaked. Jonathan Bernstein at the Plum Line asks if Cain’s fifteen minutes are over.

Last night, Herman Cain made a big splash when he backed into pro-choice language on abortion last night on CNN — apparently by accident — when he said he is personally fully against abortion but doesn’t think that the government should tell women what to do. This is already shaping up as a very big deal. Cain is leading in some polls, so other Republicans may use this slip up to try to take him down, and he’ll have to address it.

In other words, this could mean the end of Cain’s 15 minutes.

Republicans certainly would never nominate anyone who was actually pro-choice, and anti-abortion activists won’t forgive anyone who stumbled this badly on the issue, even if he walks it back back (as I expect he will) and clarifies that he misspoke himself and he’s actually 100% pro-life. So this is at the very least a severe blow to his campaign. Given that he’s not a serious candidate, it gives Republicans a clean shot at bashing him for long enough to finally remove him from the top of the polls. As such, it can be seen as a lucky break for Republicans who know that it’s really not a good idea to have a presidential candidate who can’t manage to put three sentences together on most topics without an embarrassing gaffe.

At the right-wing Boston Herald, Wayne Woodleif writes that is “already deflating” because of another embarrassing gaffe:

The air is gushing out of Herman Cain’s balloon in the Republican presidential race after his rivals battered his beloved 9-9-9 tax plan Tuesday night in Las Vegas and the former pizza mogul, co-leader in recent polls, made a huge gaffe on terrorism in post- and pre- debate interviews.

In the debate, Cain had brushed off CNN moderator Anderson Cooper’s question of why the candidate had told Wolf Blitzer in an earlier interview that he would consider negotiating the release of all the terrorist detainees at Guantanamo for the return of a single American held hostage (a la Israel’s deal with Palestine). “I would never negotiate with terrorists,” Cain answered.

But when Cooper, post-debate, played video from the earlier interview, Cain was caught clearly saying, “I could see myself as president authorizing that kind of transaction.” Once he had all the facts, Cain sang a different song. “I misspoke,” he said. “Things were going so fast” in the interview.

So Cain may soon join Palin as a Fox News Host or perhaps become a more high-profile talk radio host than he was before he “ran for President.” But whatever he chooses to do, he’ll be a lot richer and more famous because pall the free media exposure he received while pretending to be a serious candidate.

Am I the only one who finds that deeply disturbing?