Memes and Damned Lies

I posted a group of statistics in the Monday Morning Reads to offset one of the most specious memes  floating around the right wing these days.  I think it first gained some traction when Michelle Bachmann introduced it in one of the debates right after Obama introduced the idea that millionaires need to pay their fair share of taxes. It’s basically billionaire blowback for some one suggesting they pay for the roads they drive on, the schools they attend, the police and fire fighters they call when they are in trouble, and the soldiers–yes even the gay ones–that protect their assets here and abroad.  The little whiny boys think they pay more than their fair share and it’s the damned poor that are getting off easy!  Poor little babies!

There’s this incredibly misleading statistic being bandied about that over half of the taxpayers don’t pay federal taxes. I also talked about the fuzzy math and logic in this post about 10 days ago.  It keeps popping up in response to the so-called Buffett rule that would ensure that billionaires don’t pay lower effective tax rates than their secretaries.  Well, it’s now turned into an Astroturf movement called “We are the 53%” that turns the class war back to one between the poor and working class that includes the Dread Pirate Eric Ericson among others.  All this is based on an anomaly for the 2009 tax year and ignoring all taxes but the income tax. There are memes and then there are out and out lies.  My Monday post linked to this analysis at the CBPP.  Here’s a highlight if you don’t want to follow this link.

A recent finding by Congress’ Joint Committee on Taxation that 51 percent of households owed no federal income tax in 2009 [1] is being used to advance the argument that low- and moderate-income families do not pay sufficient taxes. Apart from the fact that most of those who make this argument also call for maintaining or increasing all of the tax cuts of recent years for people at the top of the income scale, the 51 percent figure, its significance, and its policy implications are widely misunderstood.

  • The 51 percent figure is an anomaly that reflects the unique circumstances of 2009, when the recession greatly swelled the number of Americans with low incomes and when temporary tax cuts created by the 2009 Recovery Act — including the “Making Work Pay” tax credit and an exclusion from tax of the first $2,400 in unemployment benefits — were in effect. Together, these developments removed millions of Americans from the federal income tax rolls. Both of these temporary tax measures have since expired.In a more typical year, 35 percent to 40 percent of households owe no federal income tax. In 2007, the figure was 37.9 percent. [2]
  • The 51 percent figure covers only the federal income tax and ignores the substantial amounts of other federal taxes — especially the payroll tax — that many of these households pay . As a result, it greatly overstates the share of households that do not pay any federal taxes. Data from the Urban Institute-Brookings Tax Policy Center show only about 14 percent of households paid neither federal income tax nor payroll tax in 2009, despite the high unemployment and temporary tax cuts that marked that year.[3]
  • This percentage would be even lower if federal excise taxes on gasoline and other items were taken into account.

The bottom line is that it’s an outlier created by the recession, the “Making Work Pay” tax credit, and ignoring all the other taxes people get socked with including the highly regressive FICA taxes.  Cannonfire has a great post up today that summarizes exactly how a group of extreme narcissists with antisocial personality disorder (e.g. Libertarians) are using this misleading statistic to draw attention away from Occupy.  Of course, there are the other usual right wing memes floating about the Occupy protestors as you’ve read here and many other places.  They are “paid union thugs”. They are spoiled kids who don’t want to pay their credit cards. They are poor because they are lazy.  They are Marxists. They are Leninists.  They are anti-American. It’s an Obama plot!  It’s a DNCC plot!   It’s just been one canard after another.  I’m sure well be buried chin deep in the lies by the end of the next Republican Debate Debacle tonight.  I’m just wondering what hard working American they’re going to boo or send the die sucker love to tonight.

I could spend all day ranting about this and I guess I have given that it’s my third post of disgust in about 10 days but I wanted mostly to frame that current meme in terms of a MoJo post on 6 Big Economic Myths.  It’s got so many nifty graphs that my legs actually tingled!  It also outlines some of the worst economic lies that we’ve been fed since the Reagan years and the ones that have been specifically invented now to keep congress rigging the economic system to benefit the most wealthy and powerful.    If you can stomach watching that debate tonight, keep these myths in mind.  Also, go read the article for the full effect.  There’s no need for me to reproduce it here for you.

Myth #1:  The Stimulus Failed

Short explanation: It wasn’t Max’s Miracle Pill but the economy would’ve been worse without out.

Myth : The deficit is our biggest problem right now

Short explanation:  The unresolved leftovers from the financial crisis are the problem and are creating deficits, joblessness, and all kinds of problems. That’s the overarching problem!  Undoing everything the Dubya administration did is the solution!

Myth#3: Lower taxes are the best way to grow an economy

Short explanation:  No way no how.  No empirical data supports this at all.

Myth#4: Regulatory uncertainty is clogging the economy

Short explanation:  Deregulation did this to us.  Good Regulation of financial markets leads to reduce information asymmetry and leads to better outcomes.  Also, the number one concern of businesses is lack of customers if you believe them when you ask them.

Myth : Obama is debasing the dollar

Short explanation: Devaluation of the dollar is a good way to beef up exports and stop the outflow of jobs to other countries.

Myth : If you unshackle the rich, they’ll rev up the economy

Short explanation:  No way.  No how.  If anything they take their money and create speculative bubbles in markets.  They also use their money to invest in other countries and vacation there.  Evidence is contrary to that.

The one thing that Republicans and their libertarian buddies never run out of are out and out lies.  I am a pragmatist.  I follow the scientific method and the data.  An ideologue creates a narrative around what they want to believe and then wraps it up in whatever it takes to make it sound appealing and plausible.  You can call it a meme or a canard.  You can call them opinions or ideologies.  I just call them damned lies.


Tuesday Late Afternoon Blues

Minxy’s out surfing samsara this afternoon.  I’m trying to muster up some good vibes today for her as she faces all the “it’s a short life” kind’ve stuff that goes on with the early passing of a friend. As for me, I seem to be entering my blue period. Maybe it’s because I just get cannot this friggin’ gravity model specified correctly and maybe it’s just my parameters that are tangled up and BLUE Okay, you won’t know what BLUE means for a regression estimator (Best Linear Unbiased Estimator  e.g. BLUE) unless you’re as steeped in econometrics as I am but it’s a good play on words.  REALLY. Chuckle sympathetically because I need it today.  I wish I could like football like normal people.  Instead, I follow the bloodsport of politics and its inherent nastiness these days and I have way too many degrees in the dismal science.  The results are bound to get to you one way or another.

So this little piece is about the U.S. and blue to match my mood.   I’m going to start out with some blue estimators of a different sort.

There was a bit of poll that showed a glimmer of true hope instead of the manufactured sort out today.  Recent entrant into the Massachusetts Senate Race, Elizabeth Warren, is polling ahead of glamor boy Republican Scott Brown who replaced the late Ted Kennedy.

Elizabeth Warren has had an incredibly successful launch to her Senate campaign and actually leads Scott Brown now by a 46-44 margin, erasing what was a 15 point deficit the last time we polled the state in early June.

Warren’s gone from 38% name recognition to 62% over the last three months and she’s made a good first impression on pretty much everyone who’s developed an opinion about her during that period of time.  What was a 21/17 favorability rating in June is now 40/22- in other words she’s increased the voters with a positive opinion of her by 19% while her negatives have risen only 5%.

The surprising movement toward Warren has a lot to do with her but it also has a lot to do with Scott Brown.  We now find a slight plurality of voters in the state disapproving of him- 45%, compared to only 44% approving.  We have seen a steady decline in Brown’s numbers over the last 9 months.  In early December his approval was a +24 spread at 53/29.  By June it had declined to a +12 spread at a 48/36.  And now it’s continued that fall to its current place.

Meanwhile, the mixed up mess of Republican presidential candidates is shaking up to a two white man race.  Gallup reports that Perry has a better chance than Romney of sealing the nomination at this point, but Romney has a better chance than Perry to beat Obama.  No surprises there.

Rick Perry leads Mitt Romney by 31% to 24% in a new USA Today/Gallup poll of Republican presidential nomination preferences. The two are well ahead of the rest of the GOP field, with Ron Paul the only other candidate in double figures.

Perry seems to have momentum, but that could be slowed in the coming weeks if Republicans start to perceive that Romney is more electable in the general election. The new poll finds the slight majority of Republicans, 53%, prefer to see their party nominate the person who has the best chance of beating Obama, even if that person does not agree with them on almost all of the issues they care about. Forty-three percent would prefer a candidate who does agree with them on almost all of the issues, even if that person does not have the best chance of winning in November 2012.

Romney currently edges out President Barack Obama by 49% to 47% in national registered-voter preferences for the November election, while Perry trails Obama by 45% to 50%. However, neither Romney nor Obama is ahead by a statistically significant margin.

It’s no wonder Perry wants out of Texas.  This poll should direct Perry into the Even Cowgirls get the Blues line.  Texans do not like Governor Goodhair if you believe PPP’s numbers.

The poll, released Tuesday, showed Perry with a negative approval in Texas: while 45 percent of the state’s voters approve of Perry’s job performance, 48 percent of Texas voters say they don’t approve.

Obama should have The Blues over this poll from Marist.  Will this lead to calls for a primary challenger on calls on him to pull an LBJ?

President Barack Obama faces a litany of bad news.  The president’s job approval rating, his favorability, and his rating on the economy have hit all-time lows.  To compound matters, three in four Americans still believe the nation is in a recession and the proportion who thinks the country is moving in the wrong direction is at its highest point in more than a decade.

According to this McClatchy-Marist Poll, the president’s approval rating is at 39% among registered voters nationally, an all-time low for Mr. Obama.  For the first time a majority — 52% — disapproves of the job he is doing in office, and 9% are unsure.

You’ve always known that Wall Street is only True Blue to profits and not the country right?  Grok this headline at Politico via the WSJ.  It looks like a lot of hedge funds were betting the US to lose its AAA standing with S&P.  The SEC is launching insider trading probes.  Can we please get some perp walks now, please?

Securities and Exchange Commission officials have sent subpoenas to financial firms in a probe of whether there was insider trading — betting on a market crash — before the United States’ long-term credit rating was cut by S&P last month, reports The Wall Street Journal.

At issue are trades that were made by hedge funds and other firms shortly before the rating agency Standard & Poor’s downgraded U.S. debt from triple-A to double-A-plus on Aug. 5 and cited the dysfunctional political climate in Washington as one of the reasons.

The Dow Jones Industrial Average dropped 635 points, or 5.5 percent, on Aug. 8, the first day of trading after the downgrade. This was the sharpest one-day decline since the financial crisis in 2008, but it also made bets against the market very profitable.

Securities regulators are looking for firms that bet the stock market would drop — in particular, bearish trades that seem unusually large or were made by firms that typically do not make them.

An SEC spokesman declined to tell The Wall Street Journal which investment firms have received subpoenas.

My guess is it’s the usual vampire squid suspects and all the rest of the guys whose blue balls we pulled out of the bankruptcy fire with TARP and tax dollars. Bets any one?

So here’s the a nifty chart from Paul Krugman–with blue bars–that will make you scream until you’re blue in the face.  Look whose been winning the class war since 1979.  So the deal is not only is their share of income and assets way up, but their after tax income has gone way up too.

Changes in tax rates have strongly favored the very, very rich.

Now, they’re only a fairly small part of the huge growth in the after-tax inequality of income. But tax policy has very much leaned into that growing inequality, not against it — and anyone who says otherwise should not be trusted on this issue, or any other.

So, of course the moment we get a whiff of anything slightly Democratic coming from the President we experience blue dogs howling at the blue moon and the beltway press.

Centrist Democrats, a dwindling breed on Capitol Hill, were quickly faced with another rough choice once Obama went public with his plans: Reject their president or back what Republicans are already calling the largest tax increase in the nation’s history.

Florida Sen. Bill Nelson, who is up for reelection in 2012, has supported raising taxes on millionaires but was still weighing whether he’d support higher taxes on those who make more than $200,000 a year, said spokesman Dan McLaughlin.

Sen. Ben Nelson (D-Neb.), a key moderate who’s up for reelection next year, didn’t mince words: “There’s too much discussion about raising taxes right now, not enough focus on cutting spending.”

But Sen. Jon Tester (D-Mont.), who likely will face GOP Rep. Denny Rehberg in next year’s reelection bid, hedged a bit, saying he backs provisions in Obama’s plan that call for closing tax loopholes that benefit millionaires and corporations

“This plan isn’t the one I would have written, nor is it the one that will end up passing Congress,” Tester said. “But I welcome all ideas to the table so Congress can work together to create jobs, cut debt and cut spending.”

Blue blooded villager David Brooks admits to being an Obama sap and refers to Beltway Bob as “appreciative”.  I prefer the term deep-throating, but hey, there’s a glint of recognition, right? It’s a two for one villager idiot piece! Look! I’ve managed to use some blue language.

Yes, I’m a sap. I believed Obama when he said he wanted to move beyond the stale ideological debates that have paralyzed this country. I always believe that Obama is on the verge of breaking out of the conventional categories and embracing one of the many bipartisan reform packages that are floating around.

But remember, I’m a sap. The White House has clearly decided that in a town of intransigent Republicans and mean ideologues, it has to be mean and intransigent too. The president was stung by the liberal charge that he was outmaneuvered during the debt-ceiling fight. So the White House has moved away from the Reasonable Man approach or the centrist Clinton approach.

It has gone back, as an appreciative Ezra Klein of The Washington Post conceded, to politics as usual. The president is sounding like the Al Gore for President campaign, but without the earth tones. Tax increases for the rich! Protect entitlements! People versus the powerful! I was hoping the president would give a cynical nation something unconventional, but, as you know, I’m a sap.

Being a sap, I still believe that the president’s soul would like to do something about the country’s structural problems. I keep thinking he’s a few weeks away from proposing serious tax reform and entitlement reform. But each time he gets close, he rips the football away. He whispered about seriously reforming Medicare but then opted for changes that are worthy but small. He talks about fundamental tax reform, but I keep forgetting that he has promised never to raise taxes on people in the bottom 98 percent of the income scale.

I nearly had to stop reading the damned thing since I was about to pass out from putting my palm to my forehead just a few too many times.  Yes, it’s turning black and blue. How are we supposed to get grown up discussions about policy when the two largest newspapers in the country insist posting self serving drivel on a near daily basis.

Okay, here’s my last offering which really does show the best of the Red, White and Blue.  Today is the formal removal of DADT.  0penly Gay and lesbian members of our military no longer have to live double lives or be subject to dismissal.

With Tuesday’s repeal of the military’s “don’t ask, don’t tell” policy, gays and lesbians are now free to serve openly in the U.S. armed services.

The U.S. military has spent months preparing for the repeal, updating regulations and training to reflect the impending change, and the Pentagon has already begun accepting applications from openly gay men and women.

It’s events like this that give you a sense that in some way, it’s still

WE THE PEOPLE of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity

I’m going to get some iced tea and head back to my trade and foreign direct investment research. But, here’s two of my favorites: Dylan’s Tangled up and Blue done by the Indigo Girls for you on this afternoon in New Orleans under a blue sky.

and every one of them words rang true

and glowed like a burning coal

pourin off every page

Like it was written in my soul from me to you

Tangled up and Blue

I lived with them on Montague Street

In a basement down the stairs

There was music in the cafes at night

And revolution in the air …


Joblessness

There’s been a lot of right wing attacks on the Obama Jobs Act.  I continue my befuddlement.  In this looking glass reality of ours, a Democratic President has put forth an unimaginative ‘job creation’ act representing fairly conventional republican thinking.  However, there’s so much Obama Derangement Syndrome among the Republicans–especially the rabid right wing teabots–that a plan that would have been perfectly acceptable under either of the Bushes or Reagan to deal with jobless is being held up as an extravaganza of tax and spend. Eric Cantor has released a memo that basically guts this tepid response to the high level of unemployment and unacceptable level of long term unemployment plaguing this country. There is something seriously wrong with that man.  He’s listed the areas of agreement and they are all the parts of the bill that really aren’t going to create jobs at all.  These are items like passing the free trade agreements negotiated during the Dubya years or patent reform and regulations reform or programs that aren’t going to be very effective like  the ‘bridge to work’ program which is likely to create a revolving door of unpaid internships.

David Dayen has an analysis up at FDL so I don’t need to recreate that.  He’s basically calculated that the House Republicans have taken the $447 billion Act to about a $11 billion blip.  It may have started out a tepid, conventional plan but  Cantor’s basically turned it into a give away to a few select groups. The only remaining portion that’s not disagreeable is help for returning veterans.  The rest won’t do a damned bit of good.

As you may know, the AJA is comprised of about 57% tax cuts and 43% spending initiatives. So in the main, House Republican leaders tossed out the spending and embraced a few of the tax cuts. They also rejected the tax hikes on corporations and the wealthy to pay for the bill.

Grok that?  It’s 57% more worthless tax cuts that haven’t done a damned thing for the last 11 years but undermined the Federal Budget.  I’ve heard a lot of Democrats think it’s wonderful just because Obama put it out there.  Again, this is a conventional republican republican policy that probably would’ve come from some one like Bob Dole in the past.   This is getting old.   The republicans will say no to anything Obama puts out there and Obama is putting their kind of policy out there and the democrats won’t say no to it.

Meanwhile, there’s a number of really bad things that result from persistent jobless happening as we speak to millions of Americans.  Here’s some examples from Sarah Murray at the WSJ who reviewed an academic paper on long term salaries of folks laid off during recessions.  The bottom line is that their incomes will remained depressed for a huge period of time when they finally get jobs.  That’s just the monetary impact.

When a worker was laid off, his earnings dropped steeply at the time of the layoff and eventually experienced a kind of recovery. But “The earnings losses do not completely fade even after 20 years,” the paper states. That’s true even when the economy is doing well. When the economy is performing poorly, the initial earnings loss is steeper.

Workers who were laid off in recessions experienced, on average, $112,095 in income losses — three years of pre-layoff earnings. Those laid off in expansionary times experienced a $65,424 loss.

The negative impacts of job losses extended beyond the financial hit, affecting workers’ health, mortality outcomes, child achievement levels and happiness.

“The negative consequences of job displacement, and fears of job displacement, are among the main reasons that recessions and high levels of unemployment create so much concern in the general population and among politicians,” the paper states.

So, I guess in order to play out political games we’re going to embrace all these negative consequences for the large number of people that have been experiencing unemployment over the last few years.  It’s just really disgusting.  The jobs bridge plan–or as we liked to call it here the federal version of the Georgia Slave Act–brought to mind this program in Hungary where you have to go to a Labor Camp in order to collect unemployment.

Wielding scythes and pitchforks, about 30 men and women hack through brambles on a hillside above the Hungarian village of Gyöngyöspata. With the nearest road more than a half mile away, workers have to hike in with food and water for the day. For bathroom and lunch breaks, they duck into a thicket that offers the only shade in the 98F heat. “It’s degrading to work in these conditions,” says Károly Lakatos, a 38-year-old father of three who was laid off earlier this year from his forklift-operator job in an auto parts factory. When his unemployment benefits ran out, the government assigned him to a brigade clearing land owned by the village.

If Prime Minister Viktor Orbán has his way, hundreds of thousands of Hungarians will soon join similar squads. Under a plan approved by Parliament in July, by 2012 some 300,000 people will be working in community service jobs—doing everything from picking up trash to building stadiums—instead of drawing welfare or unemployment benefits. Hungary will no longer “give benefits to those capable of work, when there is much work to be done,” Orbán said in June. The effort is part of the ruling Fidesz Party’s 2010 election pledge to create 1 million jobs over the next decade.

Is this what the jobs act will become?  More tax cuts for the political donor class and labor camps for the folks that don’t work for them at depressed wages?

At the same time we get Obama’s second Republican style whack at our economy–in other words a big speech with a small stick–more news keeps coming out about how really, truly dysfunctional the Obama team of economists has been. Have you noticed how many have gotten out of the White House quickly as if they were really worried about their reputations or sanity?  One more sneak peak was granted for the Suskind book “Confidence Men” in New York Magazine prior to its Tuesday release.  It has me even less enthused about anything coming out of Obama policy advisers than before.  Read some of this back and forth between Andrew Moss and Frank Rich who read the book and conclude that that Obama has stuck himself and the US in an economic quagmire. It just doesn’t give one confidence in the policy process, the advisers or the president.  This one is from Frank Rich.

I guess I thought Geithner’s role was more shocking just because I have become inured to tales of Summers’s outrageousness, dating back to his ill-fated presidency of Harvard. Particularly damning in Suskind’s narrative is that when Summers says “there’s no adult in charge” in the White House, he’s actually right — and appoints himself as adult in charge, Alexander Haig–style. Summers was in charge, all right, but he behaved like a child and little got done except derailing the president’s initiatives — he even blocked Obama’s agenda of tough climate-change legislation.

But the buck stops with Obama. There’s a poignant moment of sorts in December 2008 when the North Dakota senator Byron Dorgan implores the president-elect not to go with his economic team. “I don’t understand how you could do this,” he tells him. “You’ve picked the wrong people!” As indeed Obama did, under the tutelage of Robert Rubin, who also tried to finagle a White House guru role for himself, not unlike the perch from which he helped wreak havoc at Citigroup during its subprime orgy. So Suskind’s book often reads like Halberstam’s “Best and the Brightest,” with Summers and Geithner as McNamara and Bundy. But the quagmire isn’t a neo-Vietnam like Afghanistan — it’s the economy, and the casualties are measured in lost jobs. After the stimulus bill passed in February 2009, Suskind writes, “little else happened on the jobs front for a year and a half,” with proposals being “talked to death without resolution.”

Take this response from Andrew Moss:

I kept flipping back and forth between fury at Obama and — I know I’m easy — sympathy. So much of the damage comes from the initial decision to hire these guys, a decision he had to make almost immediately after being elected. He was inexperienced, he needed help, they burned him, he let them — that’s the story in brief. The number of stupefyingly momentous decisions he had to make in those first few months put me in a vicarious panic. There was no obvious path, the way I read it — though in your view, I suspect, the choices were clearer. Though we’ll never know for sure what other solutions might have worked, the book is a litany of missed opportunities, particularly with respect to financial reform (one banker after another wonders incredulously — and anonymously — why Obama didn’t pin them when they were down). Would some other president have had more success?

One thing you’re struck with is how bizarre it is that Obama has this job in the first place. Obama feels that too — and it gives him a deluded sense of his own magical powers. “Look, I feel lucky,” he says. “Just look at me. My name is Barack Hussein Obama and I’m sitting here.” He’s cocky, but also kind of amazed. What an astonishing blend of good and bad luck the man has had — the unusual cocktail of circumstances that brought him to the White House, and the pretty much impossible situation he faced when he got there. Which is not to say it’s not agonizing to watch him, in the book, fail time after time to make the big, bold move — the book is a narrative after all, and passivity (or, to be fair, caution), does not become a protagonist.

Frankly, the ones who should have every one’s sympathy are the vast number of people whose lives will be forever upended by this vast, deep unemployment.  They are the ones to whom the pranksters in the Republican party and the dumbstruck Democrats should think about but do not.  Again, Republicans are rejecting conventional, mild mannered, ineffective republican policy simply because it’s coming from a Democrat and Democrats are supporting it simply because that’s all the President and his team seem to be able to come up with and he’s a democrat.  They all may be democratically elected but they continue to prove that they represent no one but themselves and their corporate owners.  We’ve got a great history of what does and does not work to get the economy out of horrible places and they’re ignoring it all to force us to play political musical chairs.  It’s just not right.

Oh, and if you want to be flabbergasted at more villagers,  Steve Chapman at the Chicago Trib has basically written an op-ed that suggests Obama step down and Hillary Clinton step in and clean the place up. Now, he’s not exactly on my list of enlightened op-ed writers since he writes at Reason and the National Review too, but sheesh, he’s using Democrats words to support the argument so it’s worth a read.  I think every one feels we’re drowning in an economic quagmire now and we need the best person out there to guide us out.  I’ve skipped the first part but the last part is worthy of mention here.

Besides avoiding this indignity, Obama might do his party a big favor. In hard times, voters have a powerful urge to punish incumbents. He could slake this thirst by stepping aside and taking the blame. Then someone less reviled could replace him at the top of the ticket.

The ideal candidate would be a figure of stature and ability who can’t be blamed for the economy. That person should not be a member of Congress, since it has an even lower approval rating than the president’s.

It would also help to be conspicuously associated with prosperity. Given Obama’s reputation for being too quick to compromise, a reputation for toughness would be an asset.

As it happens, there is someone at hand who fits this description: Hillary Clinton. Her husband presided over a boom, she’s been busy deposing dictators instead of destroying jobs, and she’s never been accused of being a pushover.

Not only that, Clinton is a savvy political veteran who already knows how to run for president. Oh, and a new Bloomberg poll finds her to be merely “the most popular national political figure in America today.”

If he runs for re-election, Obama may find that the only fate worse than losing is winning. But he might arrange things so it will be Clinton who has the unenviable job of reviving the economy, balancing the budget, getting out of Afghanistan and grappling with House Majority Leader Eric Cantor. Obama, meanwhile, will be on a Hawaiian beach, wrestling the cap off a Corona.

Meanwhile, I’m on the job market AND wrestling the cap off of an Abita.  Frankly, the only people that deserve to be jobless in this country are all working in the beltway right now.


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?


Hurricane Irony: Lame Press Coverage

I’m hoping that all of you on the East Coast had an uneventful Hurricane Irene visit.  It’s always a pain to lose electricity and some tree branches, but hey, as I’ve been hearing all day today, it could’ve been worse.   I seriously can’t believe the coverage this weekend.  You’d have thought the martians had landed.  I think the corporate media out did itself.  So, I’m putting up any open thread so you can share your stories and I’m also putting up what I considered some of the most offensive press moments of the week.

My number one choice for stupid press tricks was who ever thought to call Ray Nagin on to the media circuit as a preparedness guru.  Remember, Ray Ray,  he was the mayor of New Orleans that basically put all the city buses right in the most flood prone sections of the city and hid in the penthouse of the Sheraton Hotel until the President showed up to offer him a shower about 5 days after landfall.  It gave all of us at Rising Tide 6 a source of endless jokes.

No, this wasn’t meant to be a joke. Although many believe the 2005 response to Hurricane Katrina was a colossal failure at every level of government, former New Orleans Mayor Ray Nagin appeared on MSNBC on Friday to offer preparedness advice for those in Hurricane Irene’s path.

Speaking with Martin Bashir, Nagin gave government agencies and their leaders high marks for their preparations. But he said only time will tell if the public follows their instructions.

“[I] think they’re doing an excellent job of alerting the public, which is one of the main things you need to do. One of the problems they’re having on the East Coast is that they have not experienced a storm like this in so long, so there are going to be many people who may not heed the warnings, or may move too late to try and evacuate. And that is when the drama will unfold.”

Nagin didn’t deny that he made some errors with Katrina in 2005. But he put much of the blame on New Orleanians themselves:

“Well, I would tell you this, Martin: It was a historic, catastrophic event … “[N]ow that I have had a chance to really go back and take a look, there are a number of things that I think that I could have done better. But in an evacuation situation where a catastrophic storm is approaching, the leader has one responsibility, but also the citizen has a responsibility to heed the warnings and act appropriately.”

My second lame press trick of the Hurricane coverage was how Geraldo Rivera couldn’t suppress his disappointment that there wasn’t more mayhem and death.  Every time I tried to find something on TV other than hurricane coverage, I would eventually see Geraldo.  The look on his face said “Damn! It’s empty again!!” every time I saw him.

Number three is up there on the Youtube.  That’s the Sea Foam covered Tucker Barnes in Ocean City telling us how he smells while reporting because he’s taking a sea foam shower.  If it doesn’t smell great and it’s coming in during flooding, chances are you don’t really want to be covered in it.
Number four is Howard Kurtz’s pronouncements that are just lame by definition:  “Cable news was utterly swept away by the notion that Irene would turn out to be Armageddon”.  No Howard, they were utterly swept away because it’s always all about them and this was doubly so.

The fact that New York, home to the nation’s top news outlets, was directly in the storm’s path clearly fed this story-on-steroids. Does anyone seriously believe the hurricane would have drawn the same level of coverage if it had been bearing down on, say, Ft. Lauderdale?

The symbiotic relationship between television and local officials played a huge role. Chris Christie, the New Jersey governor who was all over television on Sunday morning, had drawn saturation coverage with his blunt warnings to “get the hell off the beach.” New York’s mayor, Michael Bloomberg, who ordered evacuations of low-lying areas, has been a constant presence. President Obama and FEMA officials made sure to generate their share of news as well.

These officials have a responsibility to plan for worst-case scenarios, of course, but something more blatantly political is at work. Mayors and governors need to be seen as on top of the crisis, which means being visible on the tube. No one wants to be the next Ray Nagin or Heckuva Job Brownie, looking disorganized after Katrina. A badly handled snowstorm has contributed to more than one mayor’s defeat.

The blizzard of press conferences, in turn, enable the networks to keep their “Breaking News” banners up and furnished a sense of drama for a story that otherwise consisted of reporters on streets where the hurricane was expected to strike and weather experts with their maps in climate-controlled studios.

All I can say is that we’re lucky there is better stuff on the internet these days.  Otherwise, no one on the east coast would’ve probably gotten some real information at all.

This is an open thread, so have at it!!!