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.


TGIFriday Reads

I live in Northwest Greater Boston in a town that is far from rural. However we do encounter wildlife in my neighborhood–skunks, opossums and racoons, for example. But yesterday afternoon, as I drove down the small road where I live, I had to brake suddenly for a large, imposing bird like the one in the photo. It was casually standing right in the middle of the road. I looked to my left and saw good sized flock of these birds, and suddenly realized they were wild turkeys. They were walking around in front of someone’s house. I was amazed.

It turns out that wild turkeys have been making a comeback in Massachusetts and have been invading a number of cities and towns around here. From The Boston Globe:

On a recent afternoon, Kettly Jean-Felix parked her car on Beacon Street in Brookline, fed the parking meter, wheeled around to go to the optician and came face to face with a wild turkey.

The turkey eyed Jean-Felix. Jean-Felix eyed the turkey. It gobbled. She gasped. Then the turkey proceeded to follow the Dorchester woman over the Green Line train tracks, across the street, through traffic, and all the way down the block, pecking at her backside as she went.

“This is so scary,” Jean-Felix said, finally taking refuge inside Cambridge Eye Doctors in Brookline’s bustling Washington Square. “I cannot explain it.”

Notify the neighbors: The turkeys are spreading through suburbia. Wild turkeys, once eliminated in Massachusetts, are flourishing from Plymouth to Concord and – to the surprise of some wildlife officials – making forays into densely populated suburban and urban areas, including parts of Boston, Cambridge and, most recently, Brookline.

In Winchester, a woman was “held captive” by a wild turkey.

On Tuesday evening, around 6 p.m., a Swan Road resident was pulling into her car [sic] when a wild turkey jumped at her and started to attack her vehicle as she was trying to drive it into the garage.

The woman said that this turkey did the same thing last week, and she didn’t call the police because she thought the animal had left.

“It kept attacking the woman at her house,” said Winchester Animal Control Officer, Jerry Smith of the 17-pound turkey. “It’s been doing it for a couple of days. We can’t have animals attacking people around town.”

According to the police report, she was able to close the garage door, but ended up being trapped, unable to get to her house, because the turkey refused to leave her property.

After 15 minutes “of being held captive” the woman called the Winchester Police Department to help her get into the house.

The responding officer saw that the turkey was still on the property. He got out of his cruiser and took a shotgun with him. As soon as the turkey noticed him, it charged and the officer shot and killed it.

Yikes! I hope those turkeys don’t start hanging around in my yard. In even more bizarre news, there is snow outside my house. Apparently, I got home just in time for winter.

Remember Omar Sharif? He starred in Dr. Zhivago back in 1965. The aging movie star recently slapped a female fan while he was on the red carpet at the Tribeca Film Festival.

The actor, who was nominated for his role in 1962’s “Lawrence of Arabia,” appeared to have lost his cool when a female fan interrupted him while he was posing for photographers.

The incident, captured by a TMZ camera, shows Sharif slapping and mildly pushing the woman, then spewing venomous disapproval at having been disturbed.

“My dear!” Sharif exclaimed in Arabic, as translated by the Washington Post. “I told you I’d get to you afterwards! I just said that and you’re standing here. Put something in your brain!”

In slightly more serious news, the Republican presidential candidates are still demonstrating their stupidity on a daily basis. Some examples follow.


Mitt Romney

It isn’t enough that Mitt Romney has crazy Robert Bork advising him on the Constitution. Now he has appointed another adviser who belonged to a violent Lebanese militia in the 1980s.

Walid Phares, the recently announced co-chair of GOP presidential candidate Mitt Romney’s Middle East advisory group, has a long résumé. College professor. Author. Political pundit. Counterterrorism expert. But there’s one chapter of his life that you won’t find on his CV: He was a high ranking political official in a sectarian religious militia responsible for massacres during Lebanon’s brutal, 15-year civil war.

During the 1980s, Phares, a Maronite Christian, trained Lebanese militants in ideological beliefs justifying the war against Lebanon’s Muslim and Druze factions, according to former colleagues. Phares, they say, advocated the hard-line view that Lebanon’s Christians should work toward creating a separate, independent Christian enclave. A photo obtained by Mother Jones shows him conducting a press conference in 1986 for the Lebanese Forces, an umbrella group of Christian militias that has been accused of committing atrocities. He was also a close adviser to Samir Geagea, a Lebanese warlord who rose from leading hit squads to running the Lebanese Forces.

Romney has also clearly stated his willingness to sacrifice the lives of women to save fertilized eggs. In the Guardian, Tresa Edmunds, a Mormon, writes: If Mitt Romney’s anti-abortion crowd get their way, it could kill me

Mississippi is the latest state to support a “personhood” amendment – a law that defines life as beginning at conception and giving full legal rights to a fertilised egg. On a recent political talk show, Mitt Romney affirmed that he would “absolutely” support such an amendment to the federal constitution. Such a conservative law would have far-reaching consequences, rendering many forms of birth control, the morning-after pill and aspects of in-vitro fertilisation illegal, as well as eliminating abortion as an option even when deemed medically necessary.

This trend is also seen in the ironically named Protect Life Act, recently passed by the House of Representatives, which gives hospitals the right to refuse to perform abortions, even at the cost of a woman’s life. It is a terrifying time to have a uterus, but especially a mysteriously malfunctioning one such as mine.

My son was born weighing 2lb 4oz, at 28 weeks gestation. My pregnancy – which had been much longed for – was proceeding normally until all of a sudden a pain that turned out to be organ failure brought me to the emergency room. There, I was diagnosed with HELLP syndrome. My blood pressure was rocketing, my red blood cells were disintegrating and my platelet count was dropping. If I had managed to make it through organ failure, stroke or heart attack, I would have bled to death in delivery. Thanks to the tremendous care and expertise of talented doctors and nurses, my son and I are here to tell the harrowing story but, if things had gone differently, the only way I would be alive is if they had removed my son’s body from my womb in pieces.

Comments such as Romney’s casually tossed off “absolutely” make me shake with rage. When politicians are so concerned about the people they see as allegedly using abortion as birth control that they would let me die, I can’t help but wonder how they can dare say they care about the sanctity of life.

Edmunds is confused. Romney and the other Republican candidates care deeply only about “human life.” They obviously do not consider women to be humans.


Rick Perry

As everyone knows, Governor Goodhair hasn’t done very well in the Republican debates so far. Now it appears he is going to wimp out of future debates.

After a series of poor debate performances in the early months of his presidential campaign, Texas Gov. Rick Perry is backing off the upcoming GOP debate schedule, committing to just one of the next three events between now and Nov. 15.

Perry has struggled in the five debates he has attended since he joined the race in mid-August. At one, he fumbled an attempt to cast rival Mitt Romney as a flip-flopper. At another, bickering between Romney and Perry drew criticism that the candidates were acting juvenile.

Perry hinted at his frustration with the debates earlier this week when he told Fox News that participating in them was a “mistake.”

“These debates are set up for nothing more than to tear down the candidates,” Perry said. “…All they’re interested in is stirring it up between the candidates.”

Um… yeah. So? If Perry can’t take the heat, maybe he should get out of the kitchen. BTW, has he produced his birth certificate yet? I heard he was born in Mexico. /s


Herman Cain

At Huffpo, Dave Jamieson details Herman Cain’s long, enthusiastic battle against the minimum wage.

In his plan for economic “Opportunity Zones,” Cain offers a slate of proposals aimed at revitalizing depressed pockets of the country, including zero capital gains and payroll taxes within qualifying areas. Although it doesn’t say so explicitly, the Cain campaign’s primer on opportunity zones also suggests the possibility of rolling back minimum-wage laws in impoverished areas.

“Minimum wage laws prevent many unskilled and inexperienced workers (i.e. teens) from getting their first job and prices them out of the market,” the plan says, listing a number of potential “solutions” to urban poverty. Cain’s campaign did not immediately comment on his stance on minimum wage laws.

Minimum-wage protections are an issue Cain knows intimately. In his work as the CEO of Godfather’s Pizza and later as president of the National Restaurant Association, Cain worked diligently in Washington and in the media to see that low-wage restaurant workers could legally be paid as little as possible, as In These Times has noted. In fact, Cain’s time in the restaurant business was marked by a long and largely successful battle against minimum-wage increases, and even today, some 15 years later, many of the nation’s waiters and waitresses have Cain and the restaurant lobby to thank for a federal minimum wage of $2.13 for tipped workers.

By 1995, when Cain was at the helm of Godfather’s, the federal minimum wage had already lost much of its purchasing power since the 1960s and 70s, and it hadn’t seen a bump in five years. When then-President Bill Clinton and Labor Secretary Robert Reich proposed raising it from $4.25 to $5.15, Cain emerged as one of the leading opponents of the pay boost.


Rick Santorum

Is he really still running for president? Apparently so. He has released a new ad targeting Herman Cain’s accidental pro-choice position on abortion. The content of the ad suggests that Santorum believes that aborted embryos and fetuses can “think.”


Ron Paul

Ron Paul isn’t really an objectivist or a libertarian, even though he claims to be a follower of Ayn Rand. He can’t be, because he wants the government to get involved in policing women’s bodies. But here’s an interesting post by Gary Weiss, the author of a new book about Ayn Rand’s influence on American culture that sounds like a fascinating, if disturbing, read.

Ayn Rand’s spirit hangs over the 2012 presidential race like the aftermath of a bad meal that, for some reason, we’ve all forgotten that we’ve eaten. In the run-up to the financial crisis the markets became a kind of Fifth Estate, the ultimate arbiters of American society. This was not a Republican disease; some of the most voracious deregulation took place during the Clinton Administration. It was as if a moral choice had been made, substituting the “wisdom of the markets” for admittedly flawed and sometimes grossly inept regulators. It made perfect sense, especially in an era in which the stock market averages rose by as much as 40% in one year, but today we know, or should know, that untrammeled capitalism doesn’t work.

But you’d never know any of this when listening to the Republican candidates for president, especially the one who most overtly embodies Rand’s philosophy: Ron Paul.

Paul is by no means a card-carrying Objectivist—his embrace of religion, and his views on foreign policy, makes him anathema to Randian true believers. But his embrace of the most primitive, extreme forms of free-market, almost-zero-government capitalism comes closest to Rand’s belief system of any in the Republican field.

What’s remarkable about Paul is how effective he is at putting forward his views, extreme as they are. Indeed, the unyielding, unwavering non-flip-flopping character of his opinions is perhaps his greatest asset. He is the best friend free-market capitalism has at present, as can be seen by his recent debate performances and especially his recent triumphant appearance at Jon Stewart’s Daily Show. The man exudes small-town charm while at the same advocating positions that would make life into hell for the great majority of his followers and listeners.

I’ll end with an article about the incumbant Republican President: ‘Bundlers’ for Obama Have Active Ties to Lobbying

Despite a pledge not to take money from lobbyists, President Obama has relied on prominent supporters who are active in the lobbying industry to raise millions of dollars for his re-election bid.

At least 15 of Mr. Obama’s “bundlers” — supporters who contribute their own money to his campaign and solicit it from others — are involved in lobbying for Washington consulting shops or private companies. They have raised more than $5 million so far for the campaign.

Because the bundlers are not registered as lobbyists with the Senate, the Obama campaign has managed to avoid running afoul of its self-imposed ban on taking money from lobbyists.

But registered or not, the bundlers are in many ways indistinguishable from people who fit the technical definition of a lobbyist. They glide easily through the corridors of power in Washington, with a number of them hosting Mr. Obama at fund-raisers while also visiting the White House on policy matters and official business.

{Yawn…} Another Obama lie…so what else is new? That’s all the links I’ve got.

What are you reading and blogging about today?


Tuesday Reads

Good Morning!

The Republicans continue to tear each other apart as the 2012 elections get closer.  Karl Rove considers Herman Cain “not up to the job”.   Bachmann’s former NH staff have released a letter that puts the candidate in a bad light.

“Team members were repeatedly ignored regarding simple requests, sometimes going weeks with little or no contact with the national team,” they wrote.

The former New Hampshire staffers said they maintained a sense of loyalty to Bachmann as a candidate and were willing to continue helping her despite lingering uncertainty about payment of wages.

“Sadly, they were deceived, constantly left out of the loop regarding key decisions, and relegated to second-class citizens within a campaign in which they were the original members,” the group said.

The ex-staffers laid out a timeline very different from the one put forth by the Bachmann campaign, claiming that the New Hampshire campaign manager, Jeff Chidester, resigned in an email 10 days ago. When nobody reached out to the other staffers to address their concerns, they called it quits.

Meanwhile, Cain and Gingrich are going rogue by trying to have their own debate in Texas with Tea Party activists.

Presidential rivals Herman Cain and Newt Gingrich (R-Ga.) will participate in a “Lincoln-Douglas” influenced debate hosted by Tea Party activists in Texas next month, National Review is reporting.

The debate will focus on fiscal issues and the economy, and will be moderated by Rep. Steve King (R-Iowa).

“We initially wanted a forum with all of the candidates,” Bill O’Sullivan, treasurer for the Texas Tea Party Patriots, told National Review. “But when we heard Gingrich say he wanted a more serious debate, like the Lincoln–Douglas debates, we wanted to do that, especially since watching the recent superficial debates has been frustrating.”

Rick Perry has introduced his tax plan which is a flat tax plan of 20%.  As expected, it will give a huge tax break to the wealthy and to corporations.  It also would eliminate inheritance  and capital gains taxes.  Perry seems to think that middle class tax payers will  be able to appreciate those things too!  What a moron!  Here’s some of the plan’s major points.

  • “The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate. The new flat tax preserves mortgage interest, charitable and state and local tax exemptions for families earning less than $500,000 annually, and it increases the standard deduction to $12,500 for individuals and dependents.”
  • Elimination of the estate tax
  • Cut the corporate tax rate to 20 percent.
  • Temporarily lower corporate tax rate to 5.25 percent to encourage repatriation.
  • Transition to “territorial” tax system that only taxes in-country income.
  • Eliminates the tax on Social Security benefits
  • Eliminates the capital gains tax

I wanted to share the first of this Bloomberg series on bias and blindness by one of the father’s of behavioral finance Daniel Kahneman.  He explains some of the frames folks use that some times leads them to make bad decisions in the face of risk.  Optimism evidently leads to excessive risk taking.

The evidence suggests that an optimistic bias plays a role — sometimes the dominant role — whenever people or institutions voluntarily take on significant risks. More often than not, risk-takers underestimate the odds they face and, because they misread the risks, optimistic entrepreneurs often believe they are prudent, even when they are not. Their confidence sustains a positive mood that helps them obtain resources from others, raise the morale of their employees and enhance their prospects of prevailing. When action is needed, optimism, even of the mildly delusional variety, may be a good thing.

An optimistic temperament encourages persistence in the face of obstacles. But this persistence can be costly. A series of studies by Thomas Astebro shed light on what happens when optimists get bad news. (His data came from Canada’s Inventor’s Assistance Program — which provides inventors with objective assessments of the commercial prospects of their ideas. The forecasts of failure in this program are remarkably accurate.)

In Astebro’s studies, discouraging news led about half of the inventors to quit after receiving a grade that unequivocally predicted failure. However, 47 percent of them continued development efforts even after being told that their project was hopeless, and on average these individuals doubled their initial losses before giving up.

Many House Democrats don’t think the Obama plan to help homeowner’s with underwater mortgages goes far enough.

“It’s far too little, it’s just baby steps,” Rep. Dennis Cardoza (D-Calif.), a longtime critic of the administration’s housing policies, said in a phone interview. “They’re still not getting it.”

Cardoza, who announced last week he’ll retire at the end of 2012, noted that the housing collapse was a leading cause of the recession but among the last to be addressed.

“We need to excise the cancer that caused the illness before the patient can recover,” he said.

Rep. Lois Capps, another California Democrat critical of the administration’s foreclosure-prevention efforts, echoed that concern Monday, saying “much more is needed” to stabilize the struggling housing market.

“Today’s announcement is an encouraging step forward, but it is only one of a number of steps needed to fully address the growing foreclosure crisis,” Capps said in an email.

Here’s some common sense from Bernie Sanders speaking on the Ed Show and a few comments on the President’s program.  Senator Sanders also thinks the plan does not go far enough

So, that should get us started today. What’s on your reading and blogging list today?


Saturday Night with the Stupids

I know that title is kind of harsh, but I’m beginning to lose my patience with the Republican candidates for President. How on earth can anyone even consider voting for one of these people? Just looking quickly at the headlines on Google, I was able to find multiple examples of complete idiocy from Rick Perry, Michele Bachmann, and Herman Cain.

Today Rick Perry went pheasant hunting in northern Iowa and was quoted as saying that he has had a “long love affair with guns.”

“As long as I’ve got memory, I had something to go hunting with,” Perry told a small gaggle of reporters at the Loess Hills Hunting Preserve. “It was a long love affair with a boy and his gun that turned into a man and his gun, and then it turned into a man and his son and his daughter and their guns.”

Look, I have nothing against hunting. My grandfather used to go pheasant hunting in North Dakota every year, and we enjoyed eating what he brought back. But I can’t imagine my grandfather ever talking about loving his guns. That’s just sick.

The Boston Globe noted that Perry seemed a lot more comfortable holding a gun than performing on the debate stage. And he wants to make it easy for everyone to become a gun-lover.

As governor, Perry supported legislation that made it easier for Texans to pay for a concealed handgun license, and a bill to let them keep their concealed handgun licenses for five years instead of four. He helped cut agreements with other states to let Texans carry their concealed handguns outside the state.

Perry has his own concealed handgun license — and regularly carries one, once famously shooting a coyote that was threatening his daughter’s Labrador retriever while out on a jog. The gun company, Ruger, has a special version of its .380 in Perry’s honor: the True Texan Coyote Special.

And where it comes to guns, Perry has plenty of the same aggressive bravado he’s displayed on the debate stage. He sent a video introduction to the National Rifle Association Convention that featured him shooting a rifle and calling himself “a believer in the notion that gun control is hitting what you’re aiming at.” (He’s also said it’s “use both hands.”)

Something tells me if Perry ever got elected, he’d get worse treatment from the Villagers than Carter or Clinton did. He comes across as the consummate hillbilly (not that there’s anything inherently wrong with being a hillbilly).

Perry also announced his “economic plan” today, and it’s going to drive Dakinikat nuts.

Rick Perry previewed the economic plan he will roll out on Tuesday, saying he would call for trashing the current tax code and replacing it with a flat tax, ending all earmarks, enacting a balanced budget amendment and reforming entitlements.

“It’s time to get Washington out of the way in order for us to preserve the American way,” Perry said. “The American people may be bruised but they’re not broken and they want a new president who can deliver the hope and change that this one that we have today promised.”

It sounds pretty changy, but not very hopey, if you ask me. Perry also had this to say about women’s reproductive rights:

Maintaining the U.S. moral authority in the world begins with preventing abortion and protecting “innocent and vulnerable unborn children,” Perry said.

For that reason, government must take an active role in legislating restrictions on the procedure, he said.

Really? The country’s “moral authority” depends on controlling women’s bodies? What about torture, war, summary assassinations, and government corruption? I guess those are all “moral.”

Next up, Michele Bachmann. A couple of days ago, her entire New Hampshire staff quit, and she didn’t even know it.

According to POLITICO and WUMR, Bachmann’s entire New Hampshire staff jumped ship, partly because they hadn’t been paid in a month. That story seemed to make sense, considering the severe fundraising shortfalls in the Bachmann camp and growing dissatisfaction with her as a candidate.

However, Bachmann released a statement about her New Hampshire staff, saying, “That is a shocking story to me… I don’t know where this came from, but we’ve made call and it’s certainly not true.” Well, if she’s made calls, then certainly we must believe her! There’s no way Michele Bachmann could be so incredibly wrong about the status of her own campaign!

….According to Jeff Chidester, who is either Bachmann’s current New Hampshire campaign director if you believe Michele, or her former campaign director if you believe Jeff, “The New Hampshire team has quit.” When asked about Michele’s statement that they were still working for her, Chidester added, “I’m sorry the national team is confused. They shouldn’t be.”

Sigh…

But Herman Cain has to be the stupidest of these three. He amazed everyone by going on CNN and, in so many words, declaring himself pro-choice. Now he’s trying to walk that back, and not doing a very good job of it. Here his is on Fox News sounding completely confused. This guy has no understanding of any issue–even the ones most near and dear to his wingnut fans.