Obama’s America: “Midnight in a Coal Mine”

Midnight shift at a Virginia coal mine

I’m sure this guy must be a conservative, but his column is the funniest thing I’ve read in ages! Steve Chapman at The Chicago Tribune on “Why Obama Should Withdraw”:

When Ronald Reagan ran for re-election in 1984, his slogan was “Morning in America.” For Barack Obama, it’s more like midnight in a coal mine….The vultures are starting to circle. Former White House spokesman Bill Burton said that unless Obama can rally the Democratic base, which is disillusioned with him, “it’s going to be impossible for the president to win.” Democratic consultant James Carville had one word of advice for Obama: “Panic.”

But there is good news for the president. I checked the Constitution, and he is under no compulsion to run for re-election. He can scrap the campaign, bag the fundraising calls and never watch another Republican debate as long as he’s willing to vacate the premises by Jan. 20, 2013.

That’s exactly what I’ve been recommending for awhile now: Obama needs to do an LBJ and step aside in favor of someone competent, someone who can win. Chapman even has a suggestion.

America's most popular political figure

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

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

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

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

Isn’t it amazing how many people are proposing the same solutions to America’s problems these days?


The Solyndra Story Just Keeps Getting Worse

Obama visiting the Solyndra plant in 2010

It turns out that two major Obama 2008 fundraisers benefited from the decision by the Department of Energy to go ahead with a risky $535 million loan to Solyndra, the solar energy company that filed for Chapter 11 bankruptcy earlier this month.

Steve Spinner, who helped monitor the Energy Department’s issuance of $25 billion in government loan guarantees to renewable energy projects, was one of Obama’s top fundraisers in 2008 and is raising money for the president’s 2012 reelection campaign.

Steve Spinner

Spinner did not have any role in the selection of applicants for the loan program and, in fact, was recused from the decision to grant a $535-million loan guarantee to Solyndra Inc. because his wife’s law firm represented the company, administration officials said Friday.

But Spinner’s role as a top official in the Energy Department program, which had not been previously revealed, is likely to spur new inquiries into whether political influence played a role in the handling of the “green” energy fund. Solyndra faces a congressional probe, a criminal investigation and separate internal inquiries at the Energy and Treasury departments.

Steve Spinner raised $500,000 for the Obama campaign in 2008, and he is currently organizing a fundraising drive for 2012 called “Technology for Obama.” Spinner is also a Senior Fellow at the Center for American Progress. According to the LA Times, Spinner praised the Solyndra loan in a piece at the Center for American Progress on July 13. He did not disclose his involvement with the loan program in that article.

We’ve already heard about the second major Obama donor involved with Solyndra, George Kaiser.

The largest investments in Solyndra were funds operated on behalf of the family foundation of billionaire George Kaiser, another major fundraiser for Obama in 2008. Kaiser has denied personally investing in the solar energy company or talking to White House officials about the loan.

But I hadn’t heard before that when it looked like Solyndra might go bankrupt in February of 2011, the Obama administration restructured the loan so that in case Solyndra did go bankrupt, a Kaiser investment company and another private investor associated with the Walton family would be reimbursed before taxpayers.

Under terms of the February loan restructuring, two private investors — Argonaut Ventures I LLC and Madrone Partners LP — stand to be repaid before the U.S. government if the solar company is liquidated. The two firms gave the company a total of $69 million in emergency loans. The loans are the only portion of their investments that have repayment priority above the U.S. government.

Argonaut is an investment vehicle of the George Kaiser Family Foundation of Tulsa, Okla. The foundation is headed by billionaire George Kaiser, a major Obama campaign contributor and a frequent visitor to the White House. Kaiser raised between $50,000 and $100,000 for Obama’s 2008 campaign, federal election records show. Kaiser has made at least 16 visits to the president’s aides since 2009, according to White House visitor logs.

Madrone Partners is affiliated with the Walton family, descendants of Wal-Mart founder Sam Walton. Rob Walton, the eldest son of Sam Walton, contributed $2,500 last year to the National Republican Congressional Committee.

In addition,

Newly released emails show the White House was worried about the likely effect of a default by Solyndra on Obama’s re-election campaign.

“The optics of a Solyndra default will be bad,” an OMB official wrote in a Jan. 31 email to a colleague. “The timing will likely coincide with the 2012 campaign season heating up.”

The budget official, whose name is blacked out in the email, wondered whether Solyndra should be allowed to restructure its loan.

“Questions will be asked as to why the administration made a bad investment, not just once (which could hopefully be explained as part of the challenge of supporting innovative technologies), but twice (which could easily be portrayed as bad judgment, or worse),” the email says.

According to conservative Chicago Tribune columnist John Kass, the “Solyndra scandal reeks of the Chicago Way.”

Federal investigators want to know what role political fundraising played in the guarantee of the questionable loan. Washington bureaucrats warned the deal was lousy. And White House spokesmen flail desperately, like weakened victims in a cheesy vampire movie.

So forget optics. What about smell? It smells bad, and it’s going to smell worse.

Or, did you really believe it when the White House mouthpieces — who are also Chicago City Hall mouthpieces — promised they were bringing a new kind of politics to Washington?

[….]

It’s the Chicago Way, but instead of a paving or trucking contract, it’s a “green” solar panel contract. The company received a $535 million loan.

I guess he means pay for play and the taxpayers get stuck with the bill. Based on what I know so far, I can’t say I disagree with Kass.


James Carville’s Advice for the President: “Fire. Indict. Fight.”

Earth to Obama: Time to Panic!

Commenter Janicen linked to this article by James Carville on the morning thread, but I thought it deserved a post. Carville’s advice sounds a lot like what I’d expect Hillary or Bill Clinton to say to Obama if they had the opportunity.

In his piece at CNN.com, Carville says things are not going well, it’s time for Obama to panic! It’s time for the President to completely change course! Carville:

Today I was mulling over election results from New York and Nevada while thinking about that very question. What should the White House do now? One word came to mind: Panic.

We are far past sending out talking points. Do not attempt to dumb it down. We cannot stand any more explanations. Have you talked to any Democratic senators lately? I have. It’s pretty damn clear they are not happy campers.

Carville thinks Obama should fire some of his advisers immediately–in fact he recommends firing a lot of people.

Mr. President, your hinge of fate must turn. Bill Clinton fired many people in 1994 and took a lot of heat for it. Reagan fired most of his campaign staff in 1980. Republicans historically fired their own speaker, Newt Gingrich. Bush fired Defense Secretary Donald Rumsfeld. For God’s sake, why are we still looking at the same political and economic advisers that got us into this mess? It’s not working.

I would add that maybe Obama should find some economic advisers who actually know something about economics, and then try listening to them.

Carville further suggests that Obama’s Justice Department should get busy indicting the corporate malefactors who caused the economic crisis that is hurting the middle- and working-class voters who will decide the next presidential election.

Good luck with that. I doubt if Obama will turn on his corporate masters, even if it means losing in 2012.

Next Carville says Obama should start “mak[ing] a case like a Democrat.” Good luck with that one too. I don’t think Obama is capable of acting like a Democrat. But I’d love to be proven wrong.

Finally, Carville says that Obama needs to

Stick to your rationale for what has happened and what is going to happen under your leadership. You must carry this through until the election (never say that things are improving because evidently they are not).

And to sum it all up, Carville sounds the alarm about what we’ll be facing if Obama doesn’t wake up and smell the failed presidency:

As I watch the Republican debates, I realize that we are on the brink of a crazy person running our nation. I sit in front of the television and shudder at the thought of one of these creationism-loving, global-warming-denying, immigration-bashing, Social-Security-cutting, clean-air-hating, mortality-fascinated, Wall-Street-protecting Republicans running my country.

The course we are on is not working. The hour is late, and the need is great. Fire. Indict. Fight.

If only Obama would listen … but I’m not holding my breath.


Thursday Reads

Good Morning!! I have a few interesting reads for you today. There isn’t a lot to be happy about in the news these days, but I hope that some of my picks will bring a smile to your face.

Maybe this will do it: Clint Eastwood: ‘I don’t give a f*ck’ if gays marry. The superstar actor and director told GQ Magazine that he considers himself an Eisenhower Republican, and he doesn’t sound too happy with the people running the party these days.

“These people who are making a big deal out of gay marriage?” Eastwood opined. “I don’t give a fuck about who wants to get married to anybody else! Why not?! We’re making a big deal out of things we shouldn’t be making a deal out of.”

“They go on and on with all this bullshit about ‘sanctity’ — don’t give me that sanctity crap! Just give everybody the chance to have the life they want.”

[….]

“I was an Eisenhower Republican when I started out at 21, because he promised to get us out of the Korean War,” he told GQ. “And over the years, I realized there was a Republican philosophy that I liked. And then they lost it. And libertarians had more of it. Because what I really believe is, let’s spend a little more time leaving everybody alone.”

Go ahead, make my day, Clint.

This story is a few days old, but it made me smile: Zakaria destroys Rumsfeld’s Iraq war talking points. Zakaria interviewed Rumsfeld on September 11, and the old goat still tried to claim that al Qaeda was in Iraq before the U.S. invaded.

“There’s no question that al Qaeda and Zarqawi and people were in Iraq,” Rumsfeld argued. “They aggregated there.”

“If we hadn’t invaded, they wouldn’t have been there,” Zakaria pointed out.

“We don’t know that,” Rumsfeld insisted. “You don’t know that. I don’t know that.”

“But they went in to fight us. So since we weren’t there, why would they have gone into Iraq?” Zakaria countered.

“Why have they gone into Yemen and Somalia?” Rumsfeld asked. “Why do al Qaeda go anywhere? They go where it’s hospitable.”

“Right, and Iraq hadn’t been hospitable,” Zakaria said.

ROFLOL! Why is this joke of a man able to get a book contract? Why does anyone want to put him on TV? He’s a complete loon.

Speaking of deserving people getting their comeuppance, deadbeat dad and Tea Party Rep. Joe Walsh was “scolded” by a Chicago judge yesterday for failing to support his children.

A Chicago judge issued a preliminary ruling Wednesday against U.S. Rep. Joe Walsh (R-Ill.) in his child-support dispute with his ex-wife, ordering the Tea Party favorite to explain why he appears to be $100,000 behind in child-support payments.

Vega did issue a “rule to show cause” — which means Walsh has to tell the court why he shouldn’t be held in contempt for falling so far behind in child support over the past five years.

Laura Walsh argues her ex-husband owes more than $100,000, a number the congressman disputes. But Vega’s ruling means that the burden is now on the congressman to prove that he doesn’t owe the money, attorneys for both Walshes agree.

Laura Walsh has gone into court on numerous occasions since filing for divorce in 2002, seeking court orders to have her ex-husband meet his court-ordered child-support obligations.

What a slug that guy Walsh is!

I came across this fascinating piece by Sarah Jaffe at Alternet: Are Jobs on Their Way to Becoming Obsolete? And Is That a Good Thing? It’s a long read, but I highly recommend you take the time. Here’s just a sample:

Media theorist and author of Life, Inc.: How the World Became a Corporation and How to Take it Back Douglas Rushkoff ruffled some feathers this week when he dared, at CNN.com of all places, to ask that question. It seemed, perhaps, gloriously insensitive to the plight of unemployed workers, of union workers at the U.S. Postal Service, who are struggling like so many others to stay afloat in an uncertain economy while they’re demonized in the press as greedy for wanting a decent job.

[….]

He argues that perhaps we’re going about it backward when we call for jobs, that maybe it’s not a bad thing that technology is replacing workers, and points out that actually, we do produce enough food and “stuff” to support the country and even the world—that, in fact, we produce too much “stuff.”

He alternately harkens back to a past before jobs, when many people worked for themselves on a subsistence level, and forward to a future where we are all busy making games and books and communicating with one another from behind computer screens, with the hours we have to work dwindling.

Rushkoff’s ideas really resonated with me. I haven’t worked a full-time job since 1986, and although I don’t have a lot of money, I have never regretted my decision to quit my 9-5 job and find some meaning in my life by doing things that made me happy. I did find that meaning, first by working on my own problems and issues and then by helping and being a caregiver for my elderly ex-mother-in-law in return for a place to live.

Because my expenses were low, I was able to return to college and get a bachelor’s degree, then go on to graduate school and earn an MA and a PhD. During graduate school and after, I have worked as a teaching assistant and have taught a number of courses. But now that I’m finished with my education, I’ve been reluctant to search for a full-time teaching job.

Lately I’ve survived mostly on my Social Security and selling my huge accumulation of books on the internet with a few teaching jobs thrown in. I will also have another small source of retirement income from my days as a full-time office worker when I choose to take it. I’m enjoying the time I’ve had to follow politics closely and blog about it. I’ve never been all that ambitious. I went to school simply for the joy of learning. I do want to find ways to give back, but I don’t care that much about making piles of money. I might have to check out Rushkoff’s book.

At Truthout, I learned that liberal economist Dean Baker has also written a book, and you can even download it free! The book is called “The End of Loser Liberalism: Making Markets Progressive. From the Truthout article by Keane Bhatt, Dean Baker: Why Didn’t We Make These Guys Run Around Naked With Their Underpants Over Their Heads?

KB: Your book argues that financial crises don’t have to lead to “lost decades” of massive pain and suffering and, even more importantly, that the US never even experienced a true financial crisis.

DB: There’s a lot of real sloppy thinking here. The main promulgators of this view are Kenneth Rogoff and Carmen Reinhart and they say that they look back over 600 years of history and find that in almost all these cases, countries took over a decade to recover. It’s painful, because I’d like to think – and one would expect that they’d like to think – that we know more economics than we did 600 years ago. If we don’t – and we really haven’t learned anything – why do you guys get paid high salaries? I say that only partially facetiously. If we were to look back through time, a very high percentage – probably the majority – of newborn babies didn’t survive to age 5. You’d be an idiot to say that the past trend holds today – we have modern medicine, so we have a very good reason to expect that the overwhelming majority of children will survive to age 5. We have learned something in economics over six centuries, so it’s not some curse, they’re concrete problems.

Finance gets very mysterious and complicated. There are instruments that are hard for people to understand; they’re hard for me to understand. The basic story is not complicated: we need demand. As I say in the book, there’s very little about the financial crisis that explains where we are today. People who want to buy homes have no problem getting credit – you can’t go 0% down, but someone who, say, 15 years ago was able to get a home mortgage can expect to get a home mortgage today. In terms of businesses, the US, unlike Japan, has a very large capital market where firms can directly access capital through commercial paper and bond financing. The current rates are extraordinarily low in both nominal and real terms. So the idea that the banks being crippled would impede the economy doesn’t follow when hundreds of the largest firms can go straight to the market and get financing.

Let’s imagine that the big firms can get credit but the small ones can’t. That would create a situation in which the big firms are running wild, grabbing market share at the expense of smaller competitors crippled by lack of access to capital. This is not happening.

There’s a survey that the National Federation of Independent Business has done for a quarter century that asks businesses what are the biggest problems to expanding. And currently, almost no one mentions finance – either access or cost. So clearly the problem is not finance.

Read the whole interview if you can–it’s well worth it.

I’m going to end with a story that won’t necessarily make you smile, but it’s a story that puts the lie to the Bush/Cheney claims that torture helped make us safer. I think that’s a good thing. In fact, author and former FBI interrogator Ali H. Soufan argues that the opposite is true, and that in fact 9/11 could have been prevented with traditional interrogation methods. Watch his interview with Keith Olbermann:

So…what are you reading and blogging about today?


46.2 Million Americans (1 in 6) Now Living in Poverty

Chart courtesy of CNN Money

As of 2010, 1 in 6 Americans was living in poverty, according to a report from the Census Bureau today. The poverty rate was 15.1%, the highest number of Americans living below the poverty rate since the number has been examined. From the New York Times:

An additional 2.6 million people slipped below the poverty line in 2010, census officials said, making 46.2 million people in poverty in the United States, the highest number in the 52 years the Census Bureau has been tracking it, said Trudi Renwick, chief of the Poverty Statistic Branch at the Census Bureau.

That figure represented 15.1 percent of the country.

The poverty line in 2010 was at $22,113 for a family of four.

“It was a surprising large increase in the overall poverty rate,” said Arloc Sherman, senior researcher at the Center on Budget and Policy Priorities. “We see record numbers and percentages of Americans in deep poverty.”

The middle class has also lost ground in terms of yearly income.

And

…real median household incomes declined by 2.3 percent in 2010 from the previous year, to $49,400. That was 7 percent less than the peak in 1999 of $53,252.

“A full year into recovery, there were no signs of it affecting the well being of a typical American family,” said Lawrence Katz, an economics professor at Harvard. “We are well below where incomes were in the late 1990s.”

According to the census figures, the median annual income for a male full-time, year-round worker in 2010 — $47,715 — was virtually unchanged from its level in 1973, when the level was $49,065, in 2010 dollars, said Sheldon H. Danziger, professor of public policy at the University of Michigan.

As we all know, the rich have gotten much much richer and are continuing to get richer still because of the Bush/Obama economic policies. From CNN Money:

For middle-class families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before.

Median income has changed very little over the last 30 years. Adjusted for inflation, the middle-income family only earned 11% more in 2010 than they did in 1980, while the richest 5% in America saw their incomes surge 42%.

“Over that period of time, it’s not that the American economy has necessarily performed badly,” Osterman said. “As a country we’re richer over that period, but there’s been this real shift in where the income has gone, and it’s to the top.”

Amplifying that trend, the bottom 60% of households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income.

CNN has a chart that shows the poverty level in each state, so you can check to see how people are doing in your neck of the woods. In general, the South is the worst off, and Louisiana and Mississippi have the highest percentages of people living below the poverty line.

I hope someone is showing this data to President Obama, because he needs to either do something about jobs and income inequality or follow LBJ’s example and get out of the way so we can find candidate who is able to show some leadership.