Tuesday Reads: Gordon Gekko for President?

Good morning! Today is the New Hampshire primary. We’ll live blog the returns later tonight. As of last night, Gordon Gekko Mitt Romney had a big lead in the polls, with Ron Paul second and John Huntsman and Rick Santorum tied for third place.

Romney, the former governor of neighboring Massachusetts, holds a 24 percentage point lead over his closest rival, with 41 percent of likely Republican primary voters indicating they’d vote for him, the WMUR New Hampshire Primary Poll said.

U.S. Rep. Ron Paul from Texas was favored by 17 percent of likely primary voters, followed by former Utah Gov. Jon Huntsman and former U.S. Sen. Rick Santorum of Pennsylvania, each with 11 percent, and former House Speaker Newt Gingrich collecting 8 percent.

Several polls indicated Gingrich would finish in the top three.

“All of the candidates behind Romney have a good chance finishing anywhere between second and fifth place,” said Andrew Smith, director of the UNH Survey Center in Durham.

Yesterday Romney stepped in it again when he told an audience that he really likes firing people.

The final day of campaigning saw Romney under fire for a comment about health insurance that quickly became fodder for criticism.

Asked about the issue in Nashua, New Hampshire, Romney said he wanted a person to be able to own his or her own policy “and perhaps keep it the rest of their life.”

“That means the insurance company will have the incentive to keep you healthy. It also means if you don’t like what they do, you can fire them,” he said.

“I like being able to fire people who provide services to me,” Romney added. “If someone doesn’t give me the good service I need, I want to say I am going to get somebody else to provide that service to me.”

Romney complained that everyone was taking his remarks out of context, but when you’re a former corporate raider worth $250 million, it’s probably a good idea to watch what you say about putting people out of work.

Anyway, the latest meme about Romney is that he’s Gordon Gekko brought to life. I think it’s a pretty good comparison. I don’t know if you recall the quote from the recent Vanity Fair profile of Romney that I included in a recent post:

Romney described himself as driven by a core economic credo, that capitalism is a form of “creative destruction.” This theory, espoused in the 1940s by the economist Joseph Schumpeter and later touted by former Federal Reserve Board chairman Alan Greenspan, holds that business must exist in a state of ceaseless revolution. A thriving economy changes from within, Schumpeter wrote in his landmark book, Capitalism, Socialism and Democracy, “incessantly destroying the old one, incessantly creating a new one.” But as even the theory’s proponents acknowledged, such destruction could bankrupt companies, upending lives and communities, and raise questions about society’s role in softening some of the harsher consequences.

Romney, for his part, contrasted the capitalistic benefits of creative destruction with what happened in controlled economies, in which jobs might be protected but productivity and competitiveness falters. Far better, Romney wrote in his book No Apology, “for governments to stand aside and allow the creative destruction inherent in a free economy.” He acknowledged that it is “unquestionably stressful—on workers, managers, owners, bankers, suppliers, customers, and the communities that surround the affected businesses.” But it was necessary to rebuild a moribund company and economy.

That sure sounds Gekko-like, doesn’t it?

Yesterday, Rick Klein of ABC News addressed the Romney/Gekko issue.

Virtually all of Romney’s rivals are now sensing a powerful issue. Jon Huntsman said today that the firing comment shows that Romney is “completely out of touch” with the American economy.

Rick Perry, skipping ahead a state, is calling it the “ultimate insult for Mitt Romney to come to South Carolina and tell you he feels your pain, because he caused it.”

Gingrich is equating Romney’s business style with finding “clever legal ways to loot a company.” Rick Santorum’s stump speech includes a line about not needing a CEO as president, and he suggested at ABC’s Saturday night debate in New Hampshire that Romney’s background calls into question whether he “can inspire and paint a positive vision for this country.”

Romney hasn’t made matters easier for himself as he’s tried to connect with voters on the economy. The son of a millionaire business titan said over the weekend: “I know what it’s like to worry about whether or not you are going to get fired.”

Klein claims it’s too late for any of this to affect the New Hampshire primary results. I wouldn’t be so sure. New Hampshirites are famous for making up their minds at the last minute. Remember Hillary’s surprise win in 2008?

Romney has been expecting the Gordon Gekko comparisons, so you have to wonder why he hasn’t managed to curb some of these Gekko-like remarks.  I guess he just can’t help himself.

Mitt Romney says he knows a photo in which he appears with other executives at Bain Capital LLC posing with cash in their hands, pockets and mouths will be used against him if he wins the Republican presidential nomination.

The 1980s image — called the “Gordon Gekko” photo by some Democrats, a reference to the Michael Douglas character in the movie “Wall Street” — offers an easy attack line at a time of high unemployment and sharp rhetoric against the nation’s top money managers, investors and bankers.

“We posed for a picture, just celebrating the fact that we had raised a lot of money and then we hoped to be able to return it with a good return,” Romney said on “Fox News Sunday.”

Here’s Romney’s defense of the photo on Fox News Sunday.

Andrew Leonard of Salon also discussed the comparison of Romney with Gekko.

Like Gekko, Romney made his fortune buying and selling companies; and like Gekko, he believes that his “greed is good” version of rough-and-tumble creative destruction is a positive force for America, weeding out the bad performers and nurturing lean-and-mean profit engines. If you are looking for the paradigmatic exemplar of the new style of capitalism mogul launched by the Reagan revolution, Romney is your man. Michael Douglas’ Gordon Gekko is merely ersatz.

But what Leonard finds so amazing is that this attack on Romney and his leverage buyouts is being led Newt Gingrich.

The shock is to see Newt Gingrich and his financial backers channeling the Oliver Stone critique so passionately and wholeheartedly. If you have not seen the three-minute advertisement “When Romney Came to Town,” the soon-to-be debuted documentary lambasting Romney as the enemy of the American worker, prepare to be flabbergasted.

“Their greed was only matched by their willingness to do anything to make millions in profits.”

“This film is about one such raider and his firm.”

“His mission: To reap massive rewards for himself and his investors.

“Romney took foreign seed money from Latin America, and began a pattern exploiting dozens of American businesses.”

And so on. Michael Moore doesn’t sting this hard, and MoveOn isn’t this angry. If Romney, as expected, ends up winning the Republican nomination, Obama’s campaign team can relax. Their work has already been done.

Here’s the trailer for the 27-minute documentary that Gingrich backers have purchased.


Politico calls it “the Bain Bomb.”

While conservatives look unlikely to unite around one alternative to Romney, the campaigns themselves are uniting around the theme that the former head of Bain Capital looted companies, tossed people out of jobs and is now exaggerating his success at the venture capital firm.

In the context of this moment in American politics, in which frustration with the privileged is boiling hot, the attack, from Republicans on one side and the Obama campaign on the other, will test Romney. If he ends up looking more like an opportunist who profited for the few than like a man who created jobs for the many, it’s hard to imagine his polls numbers won’t drop.

Conservative bloggers, who generally can’t stand Romney have begun defending him against his rivals attacks, and Dana Millback called Romney “the Scrooge McDuck of the 2012 presidential race. Bloomberg reports that buyout firms are getting nervous about damage to their reputations.

This could be fun to watch. I thought Newt’s attack on Romney yesterday was spot on.

Is Romney full of shit or what? He even makes Newt Gingrich look good. I hope Newt sticks around and continues letting it all hang out. Every single word he said about Romney was the truth.

I’m going to wrap this up with a more serious take on Romney from Robert Reich: Mitt: Son of “Citizen’s United.” I had forgotten that Reich ran for governor of Massachusetts in the the Democratic primary in 2002. Please go read the whole thing and try not to weep while you’re doing it.

As Reich says, Romney is the ultimate big money candidate. He was in 2002, and now with the help of the Roberts Court, he has more money than any candidate ever dreamed of before. If you thought Obama was the candidate of Wall Street–and he was in 2008–Romney is soooo much more so. He has money and connections that make Obama’s fundraising look pathetic. And none of this money even needs to be reported–it could be coming from overseas, even from foreign governments, and we’d never know.

Tonight we’ll find out of any of this barrage of Gordon Gekko/Mitt Romney comparisons will have any effect. I’m rooting for Romney to be taken down a peg. And then on to South Carolina!

Please share your links in the comments, and I hope to see you tonight for the live blog.


Thursday Reads: the Winter Solstice, the Mayan Calendar, “the Kamikazes,” and More

Newsstand in Copley Square, Boston

Good Morning!!

I have a mix of news links for you this morning, but nothing too terribly depressing. As I told you Tuesday, I’ve got a bit of Christmas overload, plus I’ve had a flu bug for a few days. So lets’ start out on a positive note.

Today at 12:30AM ET was the Winter Solstice, and therefore today is the shortest day of the year. That means in a few weeks, it will get dark in the Boston area around 4:30PM instead of 4:00. Right now, twilight begins about 3:30PM. I am so looking forward to longer days. From the WaPo:

If you pay attention to these things, you’ll notice a lag of a few weeks between the time the sun begins to set later in the day and the time it rises earlier. But the 22nd is, nonetheless, in the northern hemisphere, our shortest day, and the one in which the sun hoists itself the most miserly distance above the horizon. To top it off, the daily rate at which the sun sinks lower in the sky has been slowing, until it stops. Hence the word solstice, which means that the sun “stands still.”

It’s only for a theoretical instant, of course, but it can often seem, during these days of dark and cold, as if life itself has ground to a halt. Gardening can take place in the jewel boxes of our cold frames and greenhouses, but with growth so slow that there is little for you to do. The hibernation practiced by some creatures starts to seem like a great idea, and the southern migration of others a possible plan.

Not surprisingly, the human celebrations held in this season are full of light, whether it’s from Hanukkah candles, bonfires or sparkly tinsel draped over trees. You can almost understand why people light up their lawns with electrified reindeer. The longer the nights and the greater the inactivity they foster, the more we need our spirits lifted.

The LA Times has a story about Wiccan celebrations of the Soltice.

“People are celebrating the solstice more than ever in recent memory,” said Selena Fox, who isn’t just any Wiccan priestess. She’s a psychotherapist and the founder of Wisconsin’s Circle Sanctuary, a nonprofit Wiccan church and, according to its website, a 200-acre nature preserve….

Solstice is “widely celebrated today by Wiccans, druids, heathens and other pagans; by indigenous peoples practicing traditional ways in Africa, Asia, Polynesia, Australia, Europe and the Americas; by environmentalists and astronomers; by secular humanists and Freethinkers; by eco-Christians and those of other religions and philosophies,” Fox told The Times in an interview Wednesday….

Humankind has been “observing solstices for thousands of years,” Fox said, but the celestial events have become even more of the moment. Why? Because this is an “age of climate change and a need to have sustainability on the planet,” she said, so it makes sense that a holiday that has “connecting with the cycles of nature” at its core would become popular.

And of course that is why the mythic birth of Jesus was set on December 25, to symbolize rebirth and light coming back to the world. In pagan terms, the birth of the new sun. Here’s a video of the Solstice celebration at Stonehenge in 2009.

One year from now, the 2012 Winter Solstice will mark the end of the Mayan calendar, and we’ll probably have to deal with all kinds of apocalyptic prediction about what is going to happen next. NASA has a page debunking the idea that the end of the world is coming on December 22, 2012. Of course the maniacs in Washington DC might do something that would cause the end of the world as we know it. Let’s hope not.

Yesterday, Dakinikat had a post on John Boehner’s payroll tax fiasco. First Boehner said the House would agree to a 2-month extension of the payroll tax holiday and unemployment benefits, as passed by the Senate. Then suddenly Boehner announced that Republicans wouldn’t vote for the compromise bill–now they wanted a year’s extension or nothing. WTF?!

At the Daily Beast, Patricia Murphy claims to provide the inside story on what happened.

What happened between Boehner’s agreement to follow the Senate’s lead and his tacit admission that his own caucus had overruled him? Aides and House members describe a now-infamous caucus conference call Saturday morning, when rank-and-file members blasted the Boehner-blessed deal, which they felt gave in on too many of their demands and delivered too little in return.

A closed door meeting Monday night revealed more doubts from conservatives over whether Boehner had pushed for the best deal they could have gotten and fueled Democratic frustration that Boehner, who they believe negotiated in good faith, simply cannot speak for his caucus anymore. The debacle capped a tumultuous year for the speaker, reigniting questions about how much longer he can lead the unwieldy GOP coalition, many of whose members clearly have no interest in following him where he wants to go.

Publicly, Boehner and House Republicans presented a united front this week, blaming President Obama for shortening a tax cut they say they have wanted to pass all along. But Democrats blamed a group of Republicans they’ve dubbed “the kamikazes,” the GOP freshmen who arrived in January on a wave of Tea Party anger and have shown time and again that they are willing to blow up their careers and everything around them in service to their cause.

The kamikazes’ casualty list this year is long. They blew up the debt-ceiling vote this summer, sparking a downgrade in the nation’s credit rating. They blew up the appropriations process so thoroughly that routine spending votes morphed into philosophical standoffs that nearly locked down the federal government three times and required seven temporary funding patches just to keep the lights on. And this week, they managed to blow up not just a tax cut that nearly everyone in Washington agrees is a good idea, but also their party’s hard-earned reputation for cutting taxes and, quite possibly, their chances at a long-term majority in the House and future control of the Senate.

Talk about self-immolation! In the meantime, questions are being asked about Boehner’s leadership.

At ABC’s The Note, Jonathan Karl is predicting the Republicans will fold. We’ll see. President Obama is really good at finding ways to give in to the Congressional terrorists. Maybe someone can distract him long enough to let this play out without his intervention.

Also at the the Daily Beast, there’s a creepy, yet semi-humorous story about local cops being militarized by the Department of Homeland Security, this time in my birthplace, the quiet little city of Fargo, North Dakota.

Nestled amid plains so flat the locals joke you can watch your dog run away for miles, Fargo treasures its placid lifestyle, seldom pierced by the mayhem and violence common in other urban communities. North Dakota’s largest city has averaged fewer than two homicides a year since 2005, and there’s not been a single international terrorism prosecution in the last decade.

But that hasn’t stopped authorities in Fargo and its surrounding county from going on an $8 million buying spree to arm police officers with the sort of gear once reserved only for soldiers fighting foreign wars.

Every city squad car is equipped today with a military-style assault rifle, and officers can don Kevlar helmets able to withstand incoming fire from battlefield-grade ammunition. And for that epic confrontation—if it ever occurs—officers can now summon a new $256,643 armored truck, complete with a rotating turret. For now, though, the menacing truck is used mostly for training and appearances at the annual city picnic, where it’s been parked near the children’s bounce house.

“Most people are so fascinated by it, because nothing happens here,” says Carol Archbold, a Fargo resident and criminal justice professor at North Dakota State University. “There’s no terrorism here.”

Read it and weep. If Fargo has that much military hardware, imagine what they’ve got in NYC, Chicago, and LA! Police State Amerika is here.

At the NYT, Charlie Savage reports on the Justice Department settlement with Bank of America over discrimination in mortgage lending by Countrywide.

The Justice Department on Wednesday announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle allegations that its Countrywide Financial unit discriminated against black and Hispanic borrowers during the housing boom.

A department investigation concluded that Countrywide loan officers and brokers charged higher fees and rates to more than 200,000 minority borrowers across the country than to white borrowers who posed the same credit risk. Countrywide also steered more than 10,000 minority borrowers into costly subprime mortgages when white borrowers with similar credit profiles received regular loans, it found.

Now how about putting some banksters in jail for bringing down the economy? Not holding my breath, but at least BOA has to cough up some bucks.

Newt Gingrich has been accused of illegally profiting from his presidential campaign.

Former House Speaker Newt Gingrich became the target on Monday of a Federal Election Commission (FEC) complaint filed by the non-profit watchdog group Citizens for Responsibility and Ethics in Washington (CREW), which accused the Georgia Republican of illegally profiting off his campaign.

The complaint is based on a revelation by The Washington Post‘s Dan Eggen, who discovered that Gingrich had personally sold a mailing list to his campaign and profited to the tune of $47,005, then failed to report the transaction on a key FEC document. That’s count one, according to CREW.

That mailing list did not belong to Gingrich personally, CREW said. It instead belonged to Gingrich Productions, Inc., a private business that sells Gingrich’s books. Since he paid himself instead of Gingrich Productions, CREW alleged that a second count of using campaign money for personal expenses is called for as well. The treasurer who signed off on the deal is also accused of violating campaign finance laws.

CREW explained in their complaint (PDF) that Gingrich Productions often stages events at the same time as Newt 2012, Inc., his non-profit group and principal campaign committee, which could constitute improper corporate contributions to a political campaign in that the campaign directly benefits from Gingrich Productions’ events.

It goes on to note that the mailing list Gingrich moved from his book company to his campaign was actually a list of people who were waiting at Gingrich events to have their books signed, showing even further how Gingrich Productions and Newt 2012 work in tandem to help each other.

Whoopsie! Everybody’s out to get Newt these days. I’d love to see him end up in jail along with some banksters, but again–not holding my breath.

As you’ve all heard, Ron Paul stalked off the set of an interview at CNN yesterday after he was asked about some racist passages in newsletters he published years ago. But USA today has caught Paul in a serious contradiction about those writings.

Rep. Ron Paul has tried since 2001 to disavow racist and incendiary language published in Texas newsletters that bore his name, denying he wrote them and even walking out of an interview on CNN Wednesday. But he vouched for the accuracy of the writings and admitted writing at least some of the passages when first asked about them in an interview in 1996.

Some issues of the newsletters included racist, anti-Israel or anti-gay comments, including a 1992 newsletter in which he said 95% of black men in Washington “are semi-criminal or entirely criminal.”

Paul told TheDallas Morning News in 1996 that the contents of his newsletters were accurate but needed to be taken in context. Wednesday, he told CNN he didn’t write the newsletters and didn’t know what was in them.

Hmmmm…. I guess Mitt Romney isn’t the only flip-flopper in the Republican presidential race.

Speaking of Romney, that guy has really gone off the deep end in his efforts to court Iowa Tea Party voters. Steve Benen suggests that Romney has “lost his mind.”

Mitt Romney unveiled a brand-new stump speech in New Hampshire last night, reading a carefully-crafted, poll-tested text from two teleprompters. Confident that his Republican primarily rivals simply won’t (or can’t) catch him, the former one-term governor ignored the other GOP candidates in his speech, and focused exclusively on attacking President Obama.

Wow! Two telepromters? Now why does that sound familiar? Anyway, the point is that Romney has been reduced to following the Tea Party meme that Obama is a commie socialist. From the speech:

“Just a couple of weeks ago in Kansas, President Obama lectured us about Teddy Roosevelt’s philosophy of government. But he failed to mention the important difference between Teddy Roosevelt and Barack Obama. Roosevelt believed that government should level the playing field to create equal opportunities. President Obama believes that government should create equal outcomes.

“In an entitlement society, everyone receives the same or similar rewards, regardless of education, effort, and willingness to take risk. That which is earned by some is redistributed to the others. And the only people who truly enjoy any real rewards are those who do the redistributing — the government.

“The truth is that everyone may get the same rewards, but virtually everyone will be worse off.”

ROFLOL! Benen writes:

It stands to reason that Romney, who’s completed the transition from “progressive” views to far-right hysterics, would present a worldview different from the center-left president’s. But this speech was written in a twisted fantasy land, and it ascribes views to Obama that are simply made up. It’s just madness.

And get this: Romney wants Obama’s uncle deported!

ABC News’ Michael Falcone reports:

Presidential candidate Mitt Romney told a Boston talk radio host on Wednesday that he supports the deportation of President Obama’s Kenyan-born uncle who was arrested this fall on drunken driving charges in Massachusetts.

When asked by Boston radio personality Howie Carr whether the president’s relative, Onyango Obama, should be deported, Romney said, “the answer is ‘yes.’”

“Well, if the laws of the United States say he should be deported, and I presume they do, then of course we should follow those laws,” Romney said. “And the answer is ‘yes.’”

And last week, Romney told Sean Hannity that Obama is deliberately and knowingly hurting America for political reasons.

Hannity: The president has been using class warfare as we know. He says Republicans want dirty air, dirty water. Says Republicans want old people, kids with autism and Down’s syndrome to fend for themselves. Pretty outrageous charges.

Romney: Shameful. It’s really shameful.

Hannity: Explain, and how do you counter that if you get this nomination?

Romney: You know, I think the president has gone from being a failed presidency, a guy over his head, to someone who is now so desperate to get re-election that he’s doing things that are very much counter to the interest of the country and he knows it. In the past I think he was just misguided. Now I think he really knows that his decision in Afghanistan to pull the troops out a couple of months earlier than commanders suggested. That was not a wise, not a wise thing for the country. The Keystone pipeline, he knows we need that oil, he knows the consequences.

If Romney is this nuts now, imagine what he’ll be like in the thick of the primaries. Folks, Romney is not the “reasonable” candidate. There is no reasonable candidate on the Republican side. It’s going to be a completely insane candidate vs. a fascist pretending to be a Democrat. Followed by the end of the Mayan calendar. If we’re lucky, the world will end before the next president is inaugurated. Just kidding, I think.

I’ll end with this embarrassing for him, amusing for us, bit of gossip about Wisconsin Rep. Jim Sensenbrenner.

Rep. Jim Sensenbrenner (R-Wisc.), known for his cantankerous ways and for not speaking to media unless it’s his idea, was overheard at the Delta Crown lounge at Reagan National Airport today talking on his cellphone about an incident he said occurred three weeks ago while at an Episcopal church auction. Please note, a church auction.

Our source, a Democratic operative who heard the whole thing, said he was “very loud”. Sensenbrenner was overheard saying that after buying all their “crap” (his word) a woman approached him and praised first lady Michelle Obama. He told the woman that Michelle should practice what she preaches — “she lectures us on eating right while she has a large posterior herself.”

The operative said it sounded like he was on the phone with a staffer who was telling him that someone in the media would likely write about his comments (concerning something) to which he said it was heresy and just liberal media bias to print gossip. But “he stands by his remarks.”

Sensenbrenner is on the pudgy side. Someone should tell him that people who live in glass houses shouldn’t throw stones.

That’s all I’ve got for you today. What are you reading and blogging about?


Tuesday Reads

Out of Town News, Harvard Square

Good Morning!!

Frankly, I’ll be very glad when this holiday season is over. It goes on way too long. This year I saw Christmas stuff at Halloween! At least I don’t get depressed at this time of year anymore, and I’m very happy for people who enjoy the celebration. I’ll probably have a nice time at Christmas dinner, but why do we need a two month build-up? Please forgive my grumbling…. I’ll get to the news, such as it is.

MSNBC’s First Read reports that Boehner and his merry men in the House “punted” on the payroll tax cut bill last night; supposedly they’ll vote on it today.

House Republican leaders emerged following a meeting with rank-and-file members to say that the House would take up their votes on Tuesday. Lawmakers had planned to vote around 6:30 p.m. ET on Monday evening, but the 6 p.m. meeting of GOP lawmakers lasted longer than expected, over two hours.

Majority Leader Eric Cantor (R-VA) said that the House Rules Committee, which sets the parameters for votes in the House, would meet tonight to set the stage for tomorrow’s series of votes. Those Tuesday votes would include a measure to reject the Senate’s two month extension, and instead instruct lawmakers to meet in a conference — the formal process of resolving differences with legislation in the Senate.

“Our members do not want to just punt and do a two-month, short-term fix where we have to come back and do this again,” House Speaker John Boehner (R-OH) told reporters at the Capitol.

House Republicans prefer legislation to extend the expiring tax cut by a whole year, and produced legislation to that effect. But Democrats in the Senate rejected that proposal because of some of the cuts used to offset the cost of the bill, which also includes an extension of unemployment insurance.

Meanwhile, Jake Tapper is reporting that the two month extension passed by the Senate and backed by President Obama cannot be implemented in it’s current form.

Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed by the Senate and supported by President Obama cannot be implemented properly.

Pete Isberg, president of the NPRC today wrote to the key leaders of the relevant committees of the House and Senate, telling them that “insufficient lead time” to implement the complicated change mandated by the legislation means the two-month payroll tax holiday “could create substantial problems, confusion and costs affecting a significant percentage of U.S. employers and employees.”

ABC News obtained a copy of the letter, which can be read HERE. Isberg agreed that it would be fair to characterize his letter as saying that the two-month payroll tax holiday cannot be implemented properly.

Why on earth can’t those morons on Capital Hill just extend the unemployment insurance for Pete’s sake? The Congressional Republicans make Scrooge look like a piker when it comes to mean-spiritedness. Aren’t most of them supposed to be “Christians?” Good grief!

Please, can’t someone force Boehner and Cantor to visit some homeless shelters and perhaps some parks and street corners in Washington D.C., where no doubt some of the 1.6 million homeless children in the U.S. reside? One out of every 45 kids in this country were homeless last year! And these evil bastards are trying to make this horrendous situation worse!

A huge winter storm was pounding the Southwest and the lower Great Plains States last night.

Interstates and highways were shut down Monday night as a large winter weather system brought heavy snow, fierce winds and ice to at least five states in the West and Midwest.

There were blizzard conditions in parts of western Kansas and southeast Colorado, with visibility of less than a quarter-mile, said Ariel Cohen, a meteorologist with the National Weather Service’s Storm Prediction Center in Norman, Oklahoma.

A blizzard warning was in effect for those areas along with northeastern New Mexico, the northwest Texas panhandle and the Oklahoma panhandle, he said. The severe weather was starting to affect Missouri late Monday, with a winter weather advisory in effect for the northwest corner of the state.

Roads were closed in Texas and New Mexico because of blizzard conditions. Wow, some of those people rarely see snow. If you live in the storm area, please stay inside and don’t drive!

The New York Times calls handling of Kim Jong Il’s death “an extensive intelligence failure.”

Kim Jong-il, the enigmatic North Korean leader, died on a train at 8:30 a.m. Saturday in his country. Forty-eight hours later, officials in South Korea still did not know anything about it — to say nothing of Washington, where the State Department acknowledged “press reporting” of Mr. Kim’s death well after North Korean state media had already announced it.

For South Korean and American intelligence services to have failed to pick up any clues to this momentous development — panicked phone calls between government officials, say, or soldiers massing around Mr. Kim’s train — attests to the secretive nature of North Korea, a country not only at odds with most of the world but also sealed off from it in a way that defies spies or satellites.

Asian and American intelligence services have failed before to pick up significant developments in North Korea. Pyongyang built a sprawling plant to enrich uranium that went undetected for about a year and a half until North Korean officials showed it off in late 2010 to an American nuclear scientist. The North also helped build a complete nuclear reactor in Syria without tipping off Western intelligence.

As the United States and its allies confront a perilous leadership transition in North Korea — a failed state with nuclear weapons — the closed nature of the country will greatly complicate their calculations. With little information about Mr. Kim’s son and successor, Kim Jong-un, and even less insight into the palace intrigue in Pyongyang, the North’s capital, much of their response will necessarily be guesswork.

Not good. Maybe the CIA and NSA should concentrate on actual intelligence gathering rather than bugging Americans phone calls and reading their e-mails and tweets and Facebook postings.

Did you notice that Jeb Bush had an op-ed in the Wall Street Journal yesterday? With Gingrich tanking and Ron Paul rising in Iowa, are the Republicans getting ready to push another Bush for president? Charlie Pierce of Esquire thinks it looks that way:

He was supposed to be the savvy one, the presidential one, not that dolt of a brother who ducked his National Guard duty, ran several businesses into the dust of west Texas, got drunk and challenged the Auld Fella to a fistfight, and kept driving his car into the bushes. But the dolt got Daddy’s money and Daddy’s lawyers behind him and got installed as president, where he did his utmost to lodge the family brand somewhere between those enjoyed by Corvair and leprosy. Meanwhile, the golden child got to be governor of Florida for a while longer.

And now, in the widening gyre, slouching toward Manchester to be born, our moment of… Jeb (!)

Make no mistake. You don’t write an op-ed for the Wall Street Journal at this point in the Republican primary process unless somebody, somewhere wants to make people think you’re an legitimate option. You certainly don’t write one as stuffed full of free-market banana-oil as this one unless somebody, somewhere wants to raise enough money to make the world think you’re a legitimate option. There was enough Jeb (!) buzz over the weekend that it’s becoming plain that some very important someone’s have looked over the current Republican field and decided that, by god, it’s just bad enough that there’s room in there to bring back the most discredited surname in American politics. The slogan writes itself:

“Jeb! This time, let’s try the smart one.”

I don’t know. I don’t think any of the Bushes are all that bright. They’re way too inbred. Maybe another Bush presidency is what the Mayans predicted as the world-ending event?

I’ll end with an upbeat story. Remember Jessica Lynch? She just graduated from college.

I don’t really like to talk about what it took to get here. I don’t want anyone to feel sorry for me, or to think I don’t know how fortunate I am. Everyone else in my vehicle in Iraq was killed. My best friend, Lori Piestewa, died as a prisoner of war. I’m still here.

I’m also incredibly proud of this moment. I always dreamed of becoming a teacher, ever since my own kindergarten teacher took me under her wing when I was frightened on the first day of school. We are still in touch today. That’s the kind of teacher I want to be.

In the eight years since my captivity, I’ve had 21 surgeries. I have metal parts in my spine, a rod in my right arm, and metal in my left femur and fibula. My right foot is held together by screws, plates, rods, and pins. I have no feeling in my left leg from the knee down, and I wear a brace every day. Sometimes I’ll get a flash of pain, or feel upset because I can’t run, and then I’ll remind myself: I’m alive. I’m here. Take some ibuprofen.

Go read the whole thing. It’s not very long, and it’s a nice, inspirational story.

Now what are you reading and blogging about today?


Light Bulbs Saved But American Light Diminished

We can no longer call Congress a do-nothing farce.  In case you haven’t heard our esteemed legislators have ‘saved’ the incandescent light bulb from its 2012 banishment.  Which means incandescent hoarders can display their beloved bulbs in public, display them with pride and patriotism—let freedom shine–without the fear of neighborly condemnation or the riot police knocking down the door.

Let there be light!

If only.

Other things we might have considered saving in 2011:

The Middle Class; Death by Strangulation

This week we were gifted with the sobering statistic that 50% of the American public is now considered ‘low income.’  Of course, the naysayers are quick to point out that this is a gross exaggeration, that terms like ‘low-income’ and ‘poverty’ are relative terms.  Go to Africa, they say.  Perhaps, Haiti would do.  Or North Korea.  Then you’ll know the ‘real’ meaning of misery.

Sorry but this strained logic belies the fact that unlike the above examples the United States of America is a developed world power. We beat our chests and claim ‘exceptionalism’ on the world stage yet are willing to use third world comparisons to shrug off bad news?  Lame comparisons are simply an exercise in don’t believe your lying eyes and for God’s sake never distrust the status quo.  What are you?  Some sort of Commie!

A small factoid from the St. Louis Federal Reserve, Economic Research group: the average length of unemployment in the United States is now over 40 weeks. And another from the New America Foundation:

The share of middle-income jobs in the United States has fallen from 52% in 1980 to 42% in 2010.

Middle income jobs have been replaced by low-income jobs, which now make up 41% of the work force.

The American Economy; Bleeding Out While Doctors Look On

While average citizens lost wealth and continue to struggle with unemployment and underemployment, face prospects of social programs stripped down to nothing, we’ve been gifted once again with startling news. The Federal Reserve over a three-year period bailed out large banks and corporations, domestic and foreign, to the tune of 29 trillion dollars.

Twenty-nine trillion!  To put this in some perspective one trillion dollars could be imagined thusly:

If you were to count to one thousand, one number every second, it would take seventeen minutes. Counting to one million at the same rate would take twelve days (counting nonstop, btw, day and night).  Counting to one billion would take thirty-two years.

Now, drum roll please:  Counting to one trillion?  Would take 32,000 years.

Then multiply by 29.

Meanwhile, with the money spigots wide open spewing a gusher of magic money, small business loans [the sort that Main Street depends on to fuel growth and employment, loans of 1 million or less] dropped to a 12-year low. Why is this a problem?  Because despite the GOP’s drone that the top 1% of the population are the ‘job creators,’ businesses with fewer than 500 employees created 65 percent of the jobs between 1993 and 2009, according to the Small Business Administration.

Another withering fact: between 2001 to 2009, 42,000+ factories and manufacturing-related businesses closed for good.  And, of course, the jobs associated with those companies went bye-bye, moved off-shore to exploit lower wages and the nefarious environmental regulations that vulture capitalists love to hate.

In addition, our trade deficits with China [84 billion in 2001 to 278 billion in 2010] and other countries [oil imports represent over 60% of our current deficit] have bled and continue to bleed jobs and wealth from the US.  Trade deficits represent a countries’ imbalance in terms of importing to exporting and the rate at which a nation’s wealth is transferred into foreign markets.  As a country, we’re being bled to death, according to the AAM.

The impact of the trade deficit with China extends beyond U.S. jobs lost or displaced, according to the Alliance for American Manufacturing (AAM). Competition with China and countries like it has resulted in lower wages and less bargaining power for U.S. workers in manufacturing and for all workers with less than a four-year college degree.

And yet the trade deficits go on unabated.  A recent example was the passage of the trade deals with Panama, Columbia and S. Korea, heralded as a great deal for the United States.  But according to Dylan Ratigan, MSNBC:

The key question we have to face as a country is how we want to govern ourselves. From World War II until NAFTA, our trading policies were based on geopolitical needs and what would increase prosperity for America. Since NAFTA, however, the mantra of free trade has been warped to generate rights for international capital and nothing else. The agreements Congress and the President are pushing continue this unfortunate trend. What unfettered capital wants is to avoid taxes, regulations, or any state power whatsoever.

In regards to oil imports, the drumbeat for several years has been: Drill, Baby, Drill. It’s all about jobs and keeping America strong, our oil-financed legislators are likely to say.  The problem is regulation, they’ll add, and big government working against the blessings of the free market.   Really?  Not so, says Dylan Ratigan.

We do not have a free market for energy, because the actual cost of fossil fuel in our economy is not reflected at the pump; the military’s not in there, the environment’s not in there, and there’s a wide variety of differing fuel subsidies and tax treatments for all sorts of different fuel sources depending on their relation with our government. So, how can a marketplace decide the fuel source, when one fuel, particularly being gasoline and fossil fuels, have such a substantial comparative subsidy?”

The answer is: the marketplace cannot decide the cost of fossil fuel or entertain the cost-effectiveness of alternative sources because the game is rigged as it has been for a century+ where fossil fuels rule the day, pay off politicians and are willing to drive us into economic and environmental ruin for the sake of profit and power.

Vulture Capitalism writ large.

The American Homeowner; Death by Drowning

In the second quarter of 2011, 10.9 million Americans or 22.5% of homeowners were ‘underwater’ with their mortgages, namely they owed more on their mortgages than their houses were actually worth, a result of the real estate collapse of 2007-2008.  Although the Home Affordable Refinance Program [HARP] has fallen short to relieve homeowners from onerous, often ballooning mortgage payments and subsequent home foreclosure, the Obama Administration has attempted to remove the key barriers in the refinancing procedures. This is expected to expand mortgage refi at today’s lower interest rate to larger numbers of struggling homeowners, particularly those with little to no equity in their homes.

Will it work?

The jury is still out, but at best this expanded program will only be available to Fannie Mae and Freddie Mac-backed loans.

In addition to providing relief, many citizens expected a thorough and public investigation into exactly what went wrong in the mortgage industry. We expected our own Pecora moment.

But that didn’t happen.

In fact the Administration has attempted to rush through settlements with major banks, requiring no admission of wrong doing and attaching immunity from civil or criminal liability to sweeten the deal. Countering this, several state Attorney Generals [five to date] have refused to accept the 50-state agreement and have proceeded with independent investigations of their own.  And just this past week, House Representative Tammy Baldwin [D-WI] introduced a resolution to block any agreement on the national foreclosure question, without proper and thorough investigation. Immunity from civil and/or criminal liability would be stripped and fraudulent practices prosecuted fully under the Rule of Law.

But still, for the 22.5% of American homeowners, the water level is already chin-high and rising fast.

Civil Liberties; Gutting of the Bill of Rights

Perhaps no other images brought home the dwindling nature of American civil liberties than the recent round up of Occupy Wall Street protesters.  We’ve watched young women pepper-sprayed, protesters manhandled and in one instance a young Iraqi veteran nearly killed by police who appeared ready for WWIII rather than crowd dispersal.  On several occasions over-zealous police action was caught on film not by the press but by protesters and onlookers.

In addition, we now know that drones developed for war applications have been deployed in country and that drone use is being marketed to police departments throughout the country.  Security is big business.

Obviously, the First Amendment’s guarantee to peaceable assembly is not.  And privacy?  Forget about it!

Add this to the Administration’s successful kill order on extremist cleric Anwar al-Awlaki, an American citizen operating in Yemen, a kill order without benefit of due process. Otherwise known as execution without trial.  We can argue about the threat of the man but there is no argument about the danger of precedent and the shredding of the Rule of Law.  And so, should we be surprised by the most recent outrage, the passage of an indefinite detention authority tucked inside the 2012 National Defense Authorization Act?  The bill codifies the right of the President to order the arrest and indefinite detention of US citizens suspected of terrorism.  No trial, no appeal.  You can now be ‘disappeared,’ lawfully.

One fight that did end well [at least temporarily] was the controversial and previously reported Stop Online Piracy Act [SOPA].  The discussions between legislators were abruptly adjourned after stiff condemnation by online biggies Google, Wikipedia and even computer scientist Vint Cerf , one of the founders of the Internet, who claimed that the bill’s passage would begin “a worldwide arms race of unprecedented censorship of the Web.”

Rights of Women; Assaults Continue

In the contradictory world of Far Right extremists, where individual liberty is celebrated and government intrusion condemned, the individual rights of women and their reproductive decisions are the lone exception.  Family planning, contraception, abortion, even ordinary ob/gyn screenings are suspect and thereby targets of defunding and all manner of attack.  Bills have littered the landscape calling for the elimination of all abortive measures, even when a woman’s life and/or future fertility is in jeopardy.  The heartbeat of the unborn is made sacred, while the lives of the fully realized female is continually denigrated, dismissed and derided.  Personhood resolutions have been raised in referendums [and thankfully voted down], where the fertilized egg would be designated as a person with full legal rights under the law.

Fertilized eggs and corporations.  Perfect together.

The insanity of these rigid, ridiculous demands from zealots are all too real and dangerous when applied to the actual world.  Miscarriage, for instance, a completely normal biological occurrence, would take on the aura of a criminal act, requiring an investigation.  By the egg or zygote police, I imagine. Or a woman who suffers an ectopic pregnancy could be left to bleed until doctors were convinced of the unborn ‘person’s’ lack of viability.  The woman’s health is secondary in this scenario.

The personhood resolutions would also deny women certain contraceptive measures.  For instance, the day after pill would be in violation.  And, in fact, Health and Human Services’ recently overruled the FDA’s recommendation on Plan B for young women under the age of 18 and refused to lift the emergency contraception’s restriction.

The assault on women’s rights have been unrelenting, not only in terms of reproductive decisions but in basic health services.  Planned Parenthood and their related clinics and facilities provide services to many poor to middle income women, offering important medical screenings, tests for cancer, diabetes, high-blood pressure, etc.  Only 3% of what Planned Parenthood does is related to abortion services.  And yet, the 90-year organization has become the Boogie Man for right-wing fundamentalists, who would deny many women the only health provider they have.

Sorry, the barefoot and pregnant dictum has no place in the 21st Century.

Our Children; Gross Neglect of Our Most Important Resource

A higher percentage of children today are living in poverty than was the case in 1975.  The rate of poverty has increased every year for the last four years, from 16.9 percent to nearly 22 percent as of 2010.  In the UK and France that number is under 10%.  The 2011 Child Well Being Index indicates that it is American children, the country’s future, who will bear the greatest damage by widening income disparities and proposed cuts to education, food stamps and health insurance programs.

Some sobering factoids:

Child homelessness has risen 33% in the last 3 years to 1.6 million

There are over eight million children in the United States today that are not covered by health insurance.

Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

Nearly 20 million children participate in school lunch programs.

This is not what Democracy looks like.

The Poor, the Immigrant and/or Muslims; The Inadequacies of Scapegoating

Scapegoating has a long history, even Biblical references, where a goat is used as a vessel of purification.  The sins of the community are spiritually transferred to the animal after which Mr. Goat is banished to the wilderness.

Out of sight, out of mind.

In times of social unrest and/or economic distress, the act of scapegoating is often employed as a distraction, a way of diverting the public’s attention from the real problems and their causes . . . to something or someone else.  Scapegoating has been popular of late.

It’s the fault of the poor, the hangers on, the moochers.  Michelle Bachmann quoted Paul the Apostle:

“He who does not work, neither shall he eat.”

That would imply the poor are merely shirkers, those expecting a free lunch.  Tell that to the one in four children surviving on food stamps.  If Newt Gingrich and his ilk are to be taken seriously, the problem can be solved by revoking Child Labor Laws or having school children take on the school’s janitorial services.

Better yet, cut all safety nets.

Immigrants, too, have been cast as the country’s main economic problem.  Too many Latinos taking away American jobs.  We’ve all heard it. Only the number of illegal immigrants entering the country has been shrinking dramatically since the Great Slump, the biggest population decline in the last 20 years.

Unemployment, however, is still with us.

With the immigrant bashing, deportation and subsequent population shrinkage, Georgia and several other states had a difficult time harvesting their crop this year without their standard work force in place.

Be careful what you wish for.

Since 9/11, Muslims have been targeted as the root of all our problems, basically an evil agent working to undermine the country . Anti-Muslim sentiment has risen with irrational fears over Sharia Law dominating, perhaps even replacing the American Constitution.  Last week, hardware giant Lowe’s pulled ads from a reality show, ‘All American Muslim,’ in response to a conservative Christian group, that contended:

Clearly this program is attempting to manipulate Americans into ignoring the threat of jihad and to influence them to believe that being concerned about the jihad threat would somehow victimize these nice people in this show . . .

It’s disturbing to read something that ugly.  And it created a huge PR stink for Lowe’s, rightfully so.

Also important to note is that Muslim Americans represent approximately 6 million citizens, a quarter of whom are African American converts.  In a country of 311 million?  That’s a tiny, tiny percentage.

And on 9/11?  People of all faiths died, including Muslims.

Pointing fingers in all the wrong directions will not cure the country’s financial crisis, anymore than wishing for quick, easy solutions.  Saving what’s best about our country–our religious tolerance—is far more important.

There were many things worth saving in 2011.  But hey, at least we rescued the American incandescent light bulb.

I feel so much better.  How about you?


A War of a Different Sort

In the May edition of Vanity Fair, Joseph Stiglitz [economist and professor at Columbia University and recipient of the Nobel prize in economic sciences, 2001] wrote a prescient essay entitled, “Of the 1%, For the 1% and By the 1%.”

In a strange way, the piece voiced what would months later become the rallying cry of the Occupy Wall Street Movement, a foreshadowing of the public’s growing discontent with high unemployment, rising poverty and income disparity as well as the social damage resulting from Government failure to address the problems: the distortion it creates, how income disparities breed a climate of imbalance and lack of restraint, encouraging:

. . . no limit to the adventures we can undertake; corporations and contractors stand only to gain. The rules of economic globalization are likewise designed to benefit the rich: they encourage competition among countries for business, which drives down taxes on corporations, weakens health and environmental protections, and undermines what used to be viewed as the “core” labor rights, which include the right to collective bargaining.

In addition, Stiglitz underscored how inequality erodes our national identity–the sense of fairness, equal opportunity, our sense of community–the very elements we consider American staples.  In fact, while listening to the GOPs’ endless political debates these past months, I’ve felt like a stranger in a strange land.  Abandon child labor laws?  Let the uninsured die?  Begin massive deportations?

Really?

In any case, Stiglitz was the first to sound the warning in clear, concise and effective prose.

Which is why I found Stiglitz’s recent VF piece, ‘The Book of Jobs,’ required reading.  Great title, btw.  Even better is the comparison made between the Great Depression of the 1930s and the present downturn.  Or as Stiglitz refers to our current dilemma: the Great Slump.  An interesting aside, Paul Krugman pulled out all the stops over the weekend and called our economic crisis a depression, period.  Hardly a surprise for the underwater homeowner, the long-term unemployed or those juggling multiple part-time positions to make ends meet.

I’d encourage readers to take a few minutes and read Stiglitz’s recent essay. It’s amazingly concise and clear, even for non-economic types [like myself]. But here’s the gist: Ben Bernanke, a self-proclaimed scholar of the Great Depression, turned on the money spigots in response to the 2008-2009 meltdown because traditional wisdom said the Great Depression was the result of excessive money tightening by the Federal Reserve. So, doing the opposite would be the charm, right?

Not quite.  As Stiglitz notes, this time we have proof that monetary manipulations were neither the cause nor the answer.

Why?

Because despite the flood of money, we’re still in the crapper.  Consider this an Advanced Economics Lab experiment, playing out before your eyes.

So what is the root problem?

The economy itself, Stiglitz contends, a structural dislocation, a weak economy disguised by whopping bubbles in the real estate and financial markets, the easy, even crazy availability of credit, but basically a shift in the jobs we have to the jobs we need.

This is eerily similar to the precursor of the Great Depression.  Then, massive unemployment resulted as the country moved from agriculture to industry. The cause?  Increased agricultural productivity.  What was once done by 20% of the population would be accomplished [with surplus] by 2%.  Currently, the economy is moving from industry to service.  Again, this shift has been provoked by increased productivity.

What is old is new again. With a twist, of course: the impact of globalization.

Industry to service? you say.  Most Americans wince at the prospect of ‘service’ jobs—low skills, lower pay, 8 hours of mindless burger flipping.

Not really.

For instance, addressing our energy needs alone will require an abundance of high tech skills [and commensurate wages] to develop cleaner, more efficient fuels.  Support of basic research work is critical in this and other areas and leads to increased innovation and economic growth. Examples are plentiful—research produced the Internet and biotech industry, spawning huge upticks in economic growth.  And this is something Americans excel at—thinking outside the box.  Education will be required to retrain the work force and prepare and encourage our children with requisite skills and creative know how.  In addition, infrastructure, a growing national concern, offers years of labor for out-of-work construction crews.  We certainly don’t need an American version of ‘London Bridge is falling down.’  The Minneapolis bridge collapse in March was one too many.

Yes, Stiglitz says, we will need to rein in the banks, turn them back into the boring businesses they once were [they’re suppose to be serving us, not the other way around]. And we will need to seriously re-evaluate our tax policies, most of which favor the rich.  But to solve the most critical problem—structural change—will require investing in our future, our own people.  Private enterprise will not and cannot do that on a massive scale [I can hear Republicans wailing in unison].

FDR had World War II, spurring the necessary investment [spending] that launched the US into an unparalleled cycle of growth and prosperity.  We are now faced with another war, a battle of ideology and political one-upmanship.  Yet the solutions are real and within our grasp, Stiglitz suggests.  I, for one, believe him.

Now it’s a matter of mustering the national will.  We employed that fierce will during the Second World War; our survival and ultimate victory depended on it.

As it does once again.