Posted: January 3, 2011 | Author: dakinikat | Filed under: John Birch Society in Charge, Surreality, U.S. Economy, U.S. Politics, We are so F'd | Tags: crazy right wing republicans, Issa |
Incoming Speaker Nancy Pelosi took impeachment off the table. That was our first sign that a Democratic Congress was coming in on midterm election wins, but as geldings and steers.

Can you Feel the Crazy Tonight?
Not so with incoming Republicans. Get ready for congressional hearings worthy of coverage by Jesse Ventura and Conspiracy Theory. The Republican Party has clearly continued its path down into the Valley of B&gF$ck crazy.
You unlock this door with the key of imagination. Beyond it is another dimension – a dimension of sound, a dimension of sight, a dimension of mind. You’re moving into a land of both shadow and substance, of things and ideas. You’ve just crossed over into the Twilight Zone.
Well, make that the Issa Zone where every whack-a-do conspiracy theory from the right will get a subpoena and an airing on C-SPAN. All on your dime. Here’s a choice few nutty items as reported by Politico today.
According to an outline of the committee’s hearing topics obtained by POLITICO, the House Oversight and Government Reform is also planning to investigate how regulation impacts job creation, the role of Fannie Mae and Freddie Mac in the foreclosure crisis; recalls at the Food and Drug Administration and the failure of the Financial Crisis Inquiry Commission to agree on the causes of the market meltdown.
Issa’s even went as far as calling the Obama administration the most corrupt in history. He’s walked that one back already. You know, I’m not fond of the current POTUS but any one remember Nixon and the Watergate break-in? Reagan/Bush and Iran-Contra? How about the Tea Pot Dome scandal? I’m not seeing corruption right now in the White House; just incompetence and cave-ins.
Asked on “Fox News Sunday” about reports that the White House is staffing up on lawyers to prepare for his oversight hearings, Issa said: “They’re going to need more accountants.
“It’s more of an accounting function than legal function,” Issa said. “It’s more about the inspector generals than it is about lawyers in the White House. And the sooner the administration figures out that the enemy is the bureaucracy and the wasteful spending, not the other party, the better off we’ll be.”
We have exactly two days before the patients are in charge of the asylum. Mike Allen of Politico has Issa’s little list. It seems like we’re about reading to return to the McCarthy era.
Issa’s list: “1. Impact of regulation on job creation … 2. Fannie/Freddie & the Foreclosure Crisis … 3. Financial Crisis Inquiry Commission and the failure to identify origins of the financial crisis … 4. Combating corruption in Afghanistan … 5. WikiLeaks … 6. FDA/Food & Drug Safety.”
Regulation’s impact on job creation? Why the Financial Crisis Committee can’t agree? Why doesn’t he just create a panel called ‘Bircher Memes We love and Wish to cram down the public’s throat on their dime’ ?
If you want my conspiracy theory it’s that the Republicans are trying to create an atmosphere by which we do take a hit on the National Credit Score. That’s going to lead to a call to wreck Social Security, Medicare and Medicaid. They’re manufacturing a crisis and we have a cave-in leader. The bond market problems won’t be a result of problems because we don’t have the ability to honor our debt or print more money. It will be because the rest of the world is going to start thinking that we’re going to default because of ideologues intent on crashing the economy and defaulting. Plus, they have enough evidence-to-date that our economics-ignorant President will most likely go along with it. Even Lindsay Graham joined the lalala-fingers-in-ears Republicans who wish to shut down all rational debate. If this is any indication of what will go on in two years, then Obama should be re-elected easily. What rational American would vote for a group of people intent on ruining the country?
Sometime in the next few months, the U.S. will reach its debt limit and Congress will, once again, have a choice: Raise the limit or let the U.S. default on its obligations. For a while now, Tea Party Republicans like Senator Mike Lee, who unseated the insufficiently conservative Robert Bennett in Utah, have been threatening to vote against the debt ceiling increase unless they win substantial reductions in government spending. Idle threats about refusing to raise the debt ceiling are nothing new, but the Tea Party crowd seems quite serious about it–in part because they’ve promised their base they’re going to do it.
This kind of thing–willfully refusing to pay our bills–is what throws individuals in jail. It’s called FRAUD. These guys empowered Bush and his war spending spree as well as providing irrational tax cuts for the entire decade. Now they want to play a dine and dash on the bill?
As many others have noted, the demand of going back to 2008 spending levels is radical and, not coincidentally, highly unrealistic: According to the Center on Budget and Policy Priorities, it’d amount to a one-fifth cut in discretionary spending–forcing cuts that could damage the fragile recovery and starve programs like Pell Grants that most Americans value.
And the alternative—failing to increase the debt ceiling? What precise effects would that have? This isn’t my area of expertise, but my colleague Alex Hart knows a thing or two about it. Here’s what he wrote last week:
Recent history provides a sense of just how scary this would be. “The reason the markets calmed down [during the financial crisis] is that we took [the banks’] toxic assets and handed the financial institutions Treasurys,” says Kevin Hassett, a scholar at the American Enterprise Institute. “If we’re in a default situation, the Treasurys themselves are the toxic assets, and it’s not clear what we can hand anybody to calm them down.”The sad thing is, Graham seems to grasp this: In the same interview, he notes that default could be catastrophic. But that’s not stopping him from making his demands. And that’s particularly disheartening, since he is supposed to be one of the more reasonable members of the Republican Senate caucus.
I can’t imagine this is what most people in the country voted for during the midterm elections. If so, we’re in a lot bigger trouble than even I imagined and it’s time to stock up on bullets and barrels of food. What’s worse, is we have an entire group of really insane media cheerleaders that will be egging on the revolution. It’s just a damned shame.
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Posted: January 3, 2011 | Author: bostonboomer | Filed under: Afghanistan, Anti-War, Catfood Commission, Civil Liberties, Foreign Affairs, Human Rights, Iraq, morning reads, Social Security, torture, U.S. Economy, U.S. Politics, Wikileaks | Tags: Afghan War, Attack on Safety Nets, attack on Social Security, Austerity economics, Iraqi War |

Good Morning!!
I’m heading back to the Boston area this morning, so this will be brief. I’ll be on the road for two days, but I’ll try to check in when I stop for the night. So let’s see what’s happening out there.
Here’s a hysterically funny story: Former Bush/Cheney mouthpiece Judy Miller says Julian Assange is a “bad journalist.”
A former New York Times reporter assailed for her incorrect reports about Iraq’s purported weapons of mass destruction is criticizing Julian Assange for being a “bad journalist.”
Judith Miller took on the WikiLeaks founder during an appearance on Fox News Watch Saturday, arguing that Assange was a bad journalist “because he didn’t care at all about attempting to verify the information that he was putting out, or determine whether or not it hurt anyone.”
For many critics of the war in Iraq, that claim is likely to set off irony alarms. Miller has become famous for being the author of a 2002 New York Times article — now debunked — suggesting that Saddam Hussein had an active nuclear weapons program.
Miller now writes for Newsmax.
The Air Force has a new surveillance toy, according to the Washington Post.
This winter, the Air Force is set to deploy to Afghanistan what it says is a revolutionary airborne surveillance system called Gorgon Stare, which will be able to transmit live video images of physical movement across an entire town.
The system, made up of nine video cameras mounted on a remotely piloted aircraft, can transmit live images to soldiers on the ground or to analysts tracking enemy movements. It can send up to 65 different images to different users; by contrast, Air Force drones today shoot video from a single camera over a “soda straw” area the size of a building or two.
With the new tool, analysts will no longer have to guess where to point the camera, said Maj. Gen. James O. Poss, the Air Force’s assistant deputy chief of staff for intelligence, surveillance and reconnaissance. “Gorgon Stare will be looking at a whole city, so there will be no way for the adversary to know what we’re looking at, and we can see everything.”
Isn’t it interesting how the government can find the money for exotic military toys, but they need to cut back on the safety net for old and disabled people?
At Antiwar.com, Scott Horton interviewed Bryan Bender of the Boston Globe on
the very high percentage of retired high-ranking US military officers going to work for defense contractors; the Pentagon’s limited oversight on conflicts of interest that seems based on the assumption retired generals have an unshakable code of ethics; how private equity firms – specializing in defense industry investments – give compensation to rent-a-general firms for privileged information about Pentagon contracts; why Eisenhower should have gone with the military-industrial-Congressional complex version of his famous farewell address; and how retired Army Gen. Jack Keane – on behalf of AM General – helped overturn the Army’s decision to repair instead of replace Humvees.
Give it a listen.
Also at Antiwar.com, there’s an article by Kevin Carson on why Bradley Manning is a hero.
Manning, like many young soldiers, joined up in the naive belief that he was defending the freedom of his fellow Americans. When he got to Iraq, he found himself working under orders “to round up and hand over Iraqi civilians to America’s new Iraqi allies, who he could see were then torturing them with electrical drills and other implements.” The people he arrested, and handed over for torture, were guilty of such “crimes” as writing “scholarly critiques” of the U.S. occupation forces and its puppet government. When he expressed his moral reservations to his supervisor, Manning “was told to shut up and get back to herding up Iraqis.”
The people Manning saw tortured, by the way, were frequently the very same people who had been tortured by Saddam: Trade unionists, members of the Iraqi Freedom Congress, and other freedom-loving people who had no more use for Halliburton and Blackwater than they had for the Baath Party.
For exposing his government’s crimes against humanity, Manning has spent seven months in solitary confinement – a torture deliberately calculated to break the human mind.
[….]
He’s impaired the U.S. government’s ability to lie us into wars where thousands of Americans and tens of thousands of foreigners are murdered.
He’s impaired its ability to use such wars – under the guise of promoting “democracy” — to install puppet governments like the Coalition Provisional Authority, that will rubber stamp neoliberal “free trade” agreements (including harsh “intellectual property” provisions written by the proprietary content industries) and cut special deals with American crony capitalists.
[….]
Let’s get something straight. Bradley Manning may be a criminal by the standards of the American state. But by all human standards of morality, the government and its functionaries that Manning exposed to the light of day are criminals. And Manning is a hero of freedom for doing it.
At Corrente, there’s a great post by Letsgetitdone: Fairy Tales of the Coming State of the Union: The Government Is Running Out Of Money
In “All Together Now: There Is No Deficit/Debt Problem,” I warned against the message calling for deficit reduction that the President will probably deliver in his State of the Union Address next month. I argued that there was no deficit/debt problem and that it is essential to reject the President’s framing of the issue and move on cope with the real problems of the economy and American Society. That piece stands alone. But I also think it would be useful to examine each of the specific fairy tales the President is likely to tell in making his case justifying austerity measures which are certain to be counter-productive. This post focuses on one these fairy tales; the narrative that the Government is running out of money.
Check it out.
Finally, Crooks & Liars has the video of Lindsey Graham on Meet the Press threatening to shut down the government until he gets cuts in Social Security.
As Mike Malloy used to say, “have I told you lately how much I hate these people?”
So, what are you reading this morning?
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Posted: January 2, 2011 | Author: dakinikat | Filed under: Barack Obama, U.S. Economy | Tags: joseph stiglitz, third way |
Joseph Stiglitz is one economist whose research influences mine and whose grasp of the big questions and answers that the discipline of economics can provide causes me constant amazement. He’s won just about all the prizes you can possibly win from your peers and the powers that be in recognition of his contributions to the field. Stiglitz has also consulted for almost all the institutions that create economic policy.
Most importantly, his contributions aren’t just theoretical abstracts alone. His contributions have brought theory down from the philosophical level to the ‘make it work’ level of policy. He was the visionary behind the Clinton economic policy that defined a new economic philosophy called the “third way”. The third way was really a pragmatic view of government’s role in a market economy based on naturally and unnaturally occurring flaws in markets that cause them to collapse or fail or not produce the most efficient out come. His theories teach us that some times you have to step in to correct the limitations of the market in the real world.
He has a new article up at Project Syndicate called ‘New Year’s Hope against Hope’. The man is very brilliant and has produced theorems that are both complex and significant. (My Risk Theory Seminar which included his theory of screening is responsible for a large number of my gray hairs.) However, the resulting narrative of his theory and work is always practical, pragmatic, understandable and spot on; once you get pass the math.
Here’s why I wish he had the ear of our tin ear president.
In fact, 2010 was a nightmare. The crises in Ireland and Greece called into question the euro’s viability and raised the prospect of a debt default. On both sides of the Atlantic, unemployment remained stubbornly high, at around 10%. Even though 10% of US households with mortgages had already lost their homes, the pace of foreclosures appeared to be increasing – or would have, were not it not for legal snafus that raised doubts about America’s vaunted “rule of law.”
Unfortunately, the New Year’s resolutions made in Europe and America were the wrong ones. The response to the private-sector failures and profligacy that had caused the crisis was to demand public-sector austerity! The consequence will almost surely be a slower recovery and an even longer delay before unemployment falls to acceptable levels.
There will also be a decline in competitiveness. While has China kept its economy going by making investments in education, technology, and infrastructure, Europe and America have been cutting back.
It has become fashionable among politicians to preach the virtues of pain and suffering, no doubt because those bearing the brunt of it are those with little voice – the poor and future generations. To get the economy going, some people will, in fact, have to bear some pain, but the increasingly skewed income distribution gives clear guidance to whom this should be: Approximately a quarter of all income in the US now goes to the top 1%, while most Americans’ income is lower today than it was a dozen years ago. Simply put, most Americans didn’t share in what many called the Great Moderation, but was really the Mother of All Bubbles. So, should innocent victims and those who gained nothing from fake prosperity really be made to pay even more?
Yup, that’s the BIG question that Obama should be asking himself: “Should innocent victims and those who gained nothing from fake prosperity really be made to pay even more?” How can they bail out the perpetrators and punish the innocent? There are no big thinkers in the District at the moment when we really need one.
Mister President, please put Dr. Joseph Stiglitz on speed dial.
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Posted: January 2, 2011 | Author: bostonboomer | Filed under: Civil Liberties, Corporate Crime, financial institutions, Global Financial Crisis, Human Rights, income inequality, investment banking, psychology, torture, U.S. Economy, U.S. Politics | Tags: Alan Simpson, American Psycho, antisocial personality disorder, Bernie Madoff, Brett Easton Ellis, CEOs, investment bankers, John Ensign, Mark Sanford, politicians, psychopaths, sociopaths |

In 1991, Brett Easton Ellis published a brilliant satirical novel called American Psycho. The book is narrated by a young man, Patrick Bateman, a graduate of Harvard and Harvard Business School, who is now a fabulously wealthy Wall Street investment banker with a pricey apartment on Manhattan’s Upper west side. In other words, he’s a typical ’80s yuppie, benefiting from the “Reagan Revolution.”
Bateman is utterly materialistic and narcissistic, obsessed with things like getting a reservation at the most trendy, expensive restaurant of the moment and having a more perfectly designed and printed business card than any of the other yuppies he works with. He is engaged to another yuppie named Evelyn, but he doesn’t really have any feelings for her. She is just another status symbol for him to show off to his Wall Street colleagues.
As the book progresses, it becomes clear that Bateman is filled with narcissistic rage. He begins torturing and murdering people–a homeless man, his secretary, a business associate, and more. The crimes become successively more violent and horrifying. In conversations with coworkers, he tells anecdotes about serial killers and even confesses his own crimes, but no one takes him seriously. These other numb, detached young men simply assume Bateman is joking and laugh at his bizarre, inappropriate remarks.
Toward the end of the book, there are hints that Bateman’s descriptions of violent murders could be hallucinations or fantasies–or they might have really happened. The interpretation is left to the reader.
Ellis told an interviewer that he wrote American Psycho at a time in his life when he was living an isolated, consumerist lifestyle, somewhat like Bateman’s:
He did not come out of me sitting down and wanting to write a grand sweeping indictment of yuppie culture. It initiated because my own isolation and alienation at a point in my life. I was living like Patrick Bateman. I was slipping into a consumerist kind of void that was supposed to give me confidence and make me feel good about myself but just made me feel worse and worse and worse about myself. That is where the tension of “American Psycho” came from. It wasn’t that I was going to make up this serial killer on Wall Street. High concept. Fantastic. It came from a much more personal place…
American Psycho was not well received by reviewers–before or after publication. In fact, the original publisher, Simon & Schuster, cancelled their contract with Ellis based on “aesthetic differences.” The book was never released in hardcover, but was eventually published in a quality paperback edition by Vintage Books. After its publication, Ellis was on the receiving end of a flood of hate mail and even death threats.
Today, Ellis points out, the blood and gore that was so shocking in his 1991 book is all around us.
You see it in “Saw” movies or in “Hostel” or anywhere. The gore is mainstream. The stuff you see now wass unimaginable in 1991 and that’s one reason why it caught on. The availability of that kind of subject matter was limited. It was limited to maybe certain graphic novels or transgressive fiction or certain out-there horror films but it wasn’t part of the mainstream. the accessibility of it was unique. This is how we’re rolling now.
What I took from the novel when I first read it was that it was a perfect representation of the societal effects of Reaganism. In the ’80s, American culture became more materialistic, superficial, and value-free than ever before. Reaganism taught that “greed is good.” Becoming wealthy became the highest goal for many Americans. At the same time, anyone who was poor, sick, or disabled was reviled. Reagan made Social Darwinism fashionable again.
Under Reagan, we closed hospitals for the mentally ill and threw them into the streets to beg and to wander our cities muttering as they listened to the voices in their heads. The need for low-cost housing and maintaining public infrastructure was ridiculed, and poor families with children began to wander our city streets homeless, sleeping in their cars or in public parks. Meanwhile the rich continued to get richer, greedier, and more callous toward people who had less than they did.
What other result could we have expected than the America we live in today? We live in a country in which so many people are cold, callous, and calculating, seeking to amass as much money as possible at the expense of ordinary taxpayers. Investment bankers like Ellis’s Patrick Bateman are treated like gods, shielded from any negative effects of their own lying, cheating, and stealing.
Today the message I take from American Psycho is even more troubling to me than when I first read the novel years ago. I see Bateman’s serial murders as symbolic of the damage out-of-control capitalism is doing to us as a people. I look at our political leaders and see empty, cold, callous people with no core values except how to get the most money and power for themselves, and screw the rest of us. They are serial murderers too, only they manage to distance themselves from those they murder in their wars and through their pro-corporate, anti-human policies.
The America we live in today is much like the surreal world that Brett Easton Ellis created in American Psycho, except that we now have even more electronic gadgets, more stuff to do on the internet, more “reality” TV shows where we can ridicule fat people or people with obsessive-compulsive disorder, or people trying to sing and dance. We have books and movies so violent that people become desensitized to depictions of blood and gore that seemed shocking in 1991. We are in decline in every way–our health, our incomes, our infrastructure, our rights, our values, our privacy. And the rich are richer and the poor are poorer now than at the end of the Ronald Reagan era.
I know I’m not the only one here who thinks we are being ruled by psychopaths–whether we’re talking about government officials or the heads of corporations. I really believe that, and I don’t mean it as hyperbole. I think the richest among us are the most likely to be detached and callous, because they don’t even have to see the poor and suffering people they are hurting with their greed. Their wealth insulates them from the daily struggles of the vast majority of Americans.
I think this is a subject that is worth talking about. Do you need to be at least a subclinical psychopath to be willing to do the kinds of immoral things government officials, corporate CEOs, and investment bankers do? Like lying in order to enter illegal wars so you can steal oil from other countries and murder hundreds of thousands of their citizens? Like sending young Americans to die for oil and a dying empire? Like taking jobs away from Americans and replacing them with slave labor in third world countries? Like throwing people out of their homes illegally? Like testing drugs on babies and children? Like polluting the water, air, and food with chemicals and refusing to clean up your messes?
I think you have to be a very sick person to do those things. And how is it different from what a serial killer does? First, government officials and corporate CEOs kill and maim and destroy people in far greater numbers and with more powerful weapons than a serial killer. Second, government officials and corporate CEOs don’t need to get close to the blood and death. They get other people to do their killing so they don’t have to see or hear their victims suffer.
So what exactly is a psychopath? Robert Hare, now emeritus professor of psychology at the University of British Columbia developed a checklist used by professionals to identify people with psychopathic tendencies.
People who are psychopathic prey ruthlessly on others using charm, deceit, violence or other methods that allow them to get with they want. The symptoms of psychopathy include: lack of a conscience or sense of guilt, lack of empathy, egocentricity, pathological lying, repeated violations of social norms, disregard for the law, shallow emotions, and a history of victimizing others.
Hare’s checklist (the PCL-R) is used in combination with a semi-structured clinical interview (an interview with set questions that allows the interviewer to follow up with his or her own questions when appropriate) and a detailed review of medical and psychiatric records. The following are the 20 traits for the evaluator to watch for:
•glib and superficial charm
•grandiose (exaggeratedly high) estimation of self
•need for stimulation
•pathological lying
•cunning and manipulativeness
•lack of remorse or guilt
•shallow affect (superficial emotional responsiveness)
•callousness and lack of empathy
•parasitic lifestyle
•poor behavioral controls
•sexual promiscuity
•early behavior problems
•lack of realistic long-term goals
•impulsivity
•irresponsibility
•failure to accept responsibility for own actions
•many short-term marital relationships
•juvenile delinquency
•revocation of conditional release
•criminal versatility
Not all of these characteristics would have to be met for someone to be diagnosed as a psychopath.
Each of the twenty items is given a score of 0, 1, or 2, based on how well it applies to the subject being tested. A prototypical psychopath would receive a maximum score of 40, while someone with absolutely no psychopathic traits or tendencies would receive a score of zero. A score of 30 or above qualifies a person for a diagnosis of psychopathy. People with no criminal backgrounds normally score around 5. Many non-psychopathic criminal offenders score around 22.
The checklist was originally designed for evaluating prison inmates, but not everyone with psychopathic characteristics becomes a criminal. I am arguing that many of them go into business or politics, am I’m far from the only one to suggest that. In fact Hare himself co-wrote a book called Snakes in Suits: When Psychopaths Go to Work. Other books that make similar arguments are The Sociopath Next Door, by Martha Stout, and The Psychopathy of Everyday Life: How Antisocial Personality Disorder Affects Us All, by Martin Kantor.
Just a bit about terminology. Psychopathy and Sociopathy are essential the same thing. Antisocial Personality Disorder is similar too, but could perhaps apply to people who wouldn’t score 30 on Hare’s checklist. I don’t know why the names of this disorder keep changing–it may just be because some psychiatrists see studying prison inmates as somewhat disreputable. Anyway, psychopathy is no longer listed in the Diagnostic and Statistical Manual of the American Psychiatric Association (latest version: DSM IV-TR). Instead, it is subsumed under “antisocial personality disorder.” Here is the DSM-IV-TR criteria for APD:
A. There is a pervasive pattern of disregard for and violation of the rights of others occurring since age 15 years, as indicated by three (or more) of the following:
1. failure to conform to social norms with respect to lawful behaviors as indicated by repeatedly performing acts that are grounds for arrest
2. deceitfulness, as indicated by repeated lying, use of aliases, or conning others for personal profit or pleasure
3. impulsivity or failure to plan ahead
4. irritability and aggressiveness, as indicated by repeated physical fights or assaults
5. reckless disregard for safety of self or others
6. consistent irresponsibility, as indicated by repeated failure to sustain consistent work behavior or honor financial obligations
7. lack of remorse, as indicated by being indifferent to or rationalizing having hurt, mistreated, or stolen from another.
B. The individual is at least age 18 years.
C. There is evidence of conduct disorder with onset before age 15 years.
D. The occurrence of antisocial behavior is not exclusively during the course of schizophrenia or a manic episode.
That official characteristics of APD are much less extreme than the ones on Hare’s checklist. I think it’s fairly obvious that many of our political and business leaders could meet at least three of those criteria. But can anyone argue that someone like Bernie Madoff could not be classified as a full-blown psychopath according to Hare’s criteria? What about Alan Simpson? What about someone like John Ensign or Mark Sanford? I believe I could make an argument for many more of our political and business leaders being either clinical or subclinical psychopaths.
There is some evidence that psychopathy is at least partly genetic, although most criminal psychopaths who have been studied had very abusive childhoods. There is also evidence for differences in the brains of psychopaths compared to typical brains.
I’m going to get into this topic in more detail in a future post. But for now, what do you think? Would it be useful for us to stop denying reality and accept that the psychopaths are in charge of our society?
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Posted: January 1, 2011 | Author: bostonboomer | Filed under: Baby Boomers, Barack Obama, Catfood Commission, Corporate Crime, Democratic Politics, Medicare, Social Security, The Bonus Class, The Great Recession, The Media SUCKS, the villagers, U.S. Economy, U.S. Politics, We are so F'd | Tags: Baby boomers, Barack Obama, crash of 2008, Dan Barry, medicare, Millennials, Robert Samuelson, Social Security |

Don’t tell me the White House isn’t behind this. Both the New York Times and ABC News are pushing this right now, but the Washington Post jumped on it first with this op-ed by Robert Samuelson on December 26: On Medicare and Social Security, be unfair to the boomers Samuelson, just turned 65 himself, and says he is “part of the problem.” Except he probably doesn’t need Social Security and Medicare, unlike most baby boomers, who never could afford a lifestyle like that of their parents or who lost their retirement investments in the crash of 2008. Samuelson writes:
There has been much brave talk recently, from Republicans and Democrats alike, about reducing budget deficits and controlling government spending. The trouble is that hardly anyone admits that accomplishing these goals must include making significant cuts in Social Security and Medicare benefits for baby boomers.
If we don’t, we will be condemned to some combination of inferior policies. We can raise taxes sharply over the next 15 or 20 years, roughly 50 percent from recent levels, to cover expanding old-age subsidies and existing government programs. Or we can accept permanently huge budget deficits. Even if that doesn’t trigger a financial crisis, it would probably stunt economic growth and living standards. So would dramatically higher taxes. There’s a final choice: deep cuts in other programs, from defense to roads to higher education.
Yet, neither political party seems interested in reducing benefits for baby boomers. Doing so, it’s argued, would be “unfair” to people who had planned retirements based on existing programs. Well, yes, it would be unfair. Indeed, it’s hard to imagine a worse time for cuts. Unemployment is horrendous; eroding home values and retirement accounts have depleted the elderly’s wealth. Only 19 percent of present retirees are “very confident” of having enough money to live “comfortably,” down from 41 percent in 2007, reports the Employee Benefit Research Institute.
Blah, blah, blah. But of course it isn’t “unfair” to reduce taxes on the richest Americans–people who most likely will invest their extra tax money in other countries, people who can easily afford to live in other countries once this one goes down the tubes. Those rich people who control most of the money in the U.S. economy–they aren’t selfish are they? No, of course not. It’s the baby boomers who are selfish, always out for “me, me, me,” and never considering anyone else. But wait…aren’t baby boomers also the sandwich generation–caring for their aging parents as well as their millennial generation children? I think my head is going to explode.
According to a new Marist poll, most Americans think baby boomers should keep working after 65; yet there is evidence that baby boomers are not as healthy as their parents’ generation. Of course that must be the boomers’ fault–just like everything else that has happened during our lifetimes. We’ve been blamed for juvenile delinquency, excess materialism, hippies, illegal drugs, self-absorption, and being horrible parents to the Millennials, who are supposedly highly narcissistic and lacking in empathy.
The fact that we’re supposedly less healthy than our parents couldn’t possibly have anything to do with environmental pollution or increasing income inequality in our society, now could it? No, of course not. It must be because we’re so selfish and self-absorbed. We brought it on ourselves by demanding to be born right after WWII. Oh wait…we didn’t ask to be born. Well, somehow it must be our fault.
Well, I’m not buying it. We paid for our retirement benefits all our lives and now the richest of the rich want to take that away from us too. Supposedly the baby boomer social security “problem” was taken care of by adjustments made in the 1980s under Reagan. It’s not our fault that George W. Bush and Barack Obama decided to steal our money. But this is the narrative we are going to hear from now on until the Villagers manage to destroy Social Security and Medicare.
Here’s The New York Times today: Boomers Hit New Self-Absorption Milestone: Age 65.
In keeping with a generation’s fascination with itself, the time has come to note the passing of another milestone: On New Year’s Day, the oldest members of the Baby Boom Generation will turn 65, the age once linked to retirement, early bird specials and gray Velcro shoes that go with everything.
Though other generations, from the Greatest to the Millennial, may mutter that it’s time to get over yourselves, this birthday actually matters. According to the Pew Research Center, for the next 19 years, about 10,000 people “will cross that threshold” every day — and many of them, whether through exercise or Botox, have no intention of ceding to others what they consider rightfully theirs: youth.
This means that the 79 million baby boomers, about 26 percent of this country’s population, will be redefining what it means to be older, and placing greater demands on the social safety net. They are living longer, working longer and, researchers say, nursing some disappointment about how their lives have turned out. The self-aware, or self-absorbed, feel less self-fulfilled, and thus are racked with self-pity.
I’ve got news for Dan Barry, the author of that article. It isn’t a “generation” that was “fascinated with itself.” It’s a lazy media that pretends that 79 million people are all alike. Give me a break. Even Barry admits that “[a]scribing personality traits to a bloc of 79 million people is a fool’s endeavor,” so why do so many media and government fools keep doing it. I’ll tell you why. They want to turn our Social Security funds over to Wall Street.
Here’s Diane Sawyer’s silly “report” on the baby boomer “problem.” Susie already wrote about it at Suburban Guerrilla:
You have to watch this video to see how insidiously the Villagers are spreading the narrative: Those Baby Boomers are sucking all the money out of the Treasury because they’re just so damned selfish! And only some of them served in Viet Nam! Watch as Diane Sawyer puts on her Very Serious Face and says the deficit is a big problem. Pay attention to the lies scattered throughout.
You can read the rest and watch the video of the oh so very serious Diane Sawyer at Susie’s place or at Crooks & Liars.
I saw this coming a long time ago, back when Obama started beating up on baby boomers and the ’60s during the 2008 primaries. I summarized Obama’s anti-baby boomer narrative in a post a couple of years ago. I’ll get the link for you in a bit. Here are just a few examples of Obama’s attacks on boomers.
From the New York Times: Shushing the Baby Boomers
THE time has come, Senator Barack Obama says, for the baby boomers to get over themselves.
In taking the first steps toward a presidential candidacy last week, Mr. Obama, who was born in 1961 and considers himself a member of the post-boomer generation, said Americans hungered for “a different kind of politics,” one that moved beyond the tired ideological battles of the 1960s. [….]
Mr. Obama calculates that Americans of all ages are sick of the feuding boomers and ready to turn to the generation that came of age after Vietnam, after the campus culture wars between freaks and straights, and after young people had given up on what überboomer Hillary Rodham Clinton (who made her own announcement on the Web yesterday) called in a 1969 commencement address a search for “a more immediate, ecstatic and penetrating mode of living.”
The Times also quotes from Obama’s book The Audacity of Hope, in which Obama used the self-absorbed baby boomer narrative to attack the Clintons.
In his second book, “The Audacity of Hope,” Mr. Obama is critical of the style and the politics of the 60s, when the psyches of most of his potential rivals for the White House were formed. He writes that the politics of that era were highly personal, burrowing into every interaction between youth and authority and among peers. The battles moved to Washington in the 1990s and endure today, he says
“In the back and forth between Clinton and Gingrich, and in the elections of 2000 and 2004,” he writes, “I sometimes felt as if I were watching the psychodrama of the baby boom generation — a tale rooted in old grudges and revenge plots hatched on a handful of college campuses long ago — played out on the national stage.”
Of course Obama also talked about “the excesses of the ’60s and ’70s” in his interview with the Reno Gazette-Journal before the Nevada primary.
“I don’t want to present myself as some sort of singular figure. I think part of what is different is the times. I do think that, for example, the 1980 election was different. I think Ronald Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not. He put us on a fundamentally different path because the country was ready for it. They felt like with all the excesses of the 60s and the 70s and government had grown and grown but there wasn’t much sense of accountability in terms of how it was operating. I think he tapped into what people were already feeling. Which is we want clarity, we want optimism, we want a return to that sense of dynamism and entrepreneurship that had been missing.”
Finally, Obama attacked baby boomers in his Inaugural Address.
His harshest language on domestic matters actually seemed directed — not for George W. Bush or specific Republican policies — but more for an entire generation, the baby boomers who have been running this country for the past 16 years (and, of course, that has to include Bill Clinton too). He seemed more interested in identifying the generation that he saw as responsible for the more systemic problems facing the country:
On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.
On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas, that for far too long have strangled our politics.
Those words were reminiscent of the “turn the page” language he used effectively against Hillary Clinton in the primaries. This time, though, it was quite clear that he wasn’t singling out the Clintons, but was making a broader, more pointed claim against the excesses of an entire generation of leaders. And, on the financial front, Bill Clinton signed the law that overturned Glass-Steagall, while George W. Bush signed the law that quote-reformed-unquote bankruptcy laws. So, Obama may well be on strong footing there. He’s demontrating an unwillingness to hear excuses from either Democratic or Republican partisans.
Anyone who thinks all of this was or is accidental is delusional. Obama was told all along by his advisers and probably by his Wall Street donors that he would have to be the one to destroy Social Security and Medicare. These two programs are the only large source of taxpayer funds for the wealthy and corporations to steal from us. We’ve known that for a long time, but most Americans probably don’t–many still think Obama is a liberal.
Reportedly Obama will embrace the findings of his Catfood Commission in his upcoming State of the Union Address. It’s going to be a full-out media assault and we’d better figure out a way to combat it. It’s the old divide and conquer tactic that has always worked so well. Those of us in the bottom 90% of incomes had better get together and fight back or we’re dead.
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