Late Night: We Told You So — Hillary in 2012!

Hillary in 2012! Yes, it’s still a pipe dream, but who else is there? Bernie Sanders came out and said it recently–it’s time to primary Obama or run a third party candidate. Again, I know it’s probably a fantasy, but what other choice do we really have?

For myself, I know I can never vote for Obama. At this point it’s really a moral issue for me. I couldn’t vote for him in 2008, and that was before I realize how truly horrible his presidency would be.

I knew he’d be bad, and I knew he was going to go after Social Security and Medicare. I didn’t know that he would completely ignore unemployment and refuse to use the power of government to create jobs.

I suspected he would carry on Bush’s wars. But I never suspected that he would defend torture and rendition or that he would claim the right to imprison or assassinate American citizens without probable cause or trial.

I don’t know how I can bring myself to vote for Romney either. He’s pretty much indistinguishable from Obama anyway. They are both cynical sellouts; neither has a real ideology or moral core.

Bernie Sanders said it straight out not too long ago:

…while appearing on Thom Hartmann’s radio show, Sen. Bernie Sanders (I-VT) — who, while being an independent, caucuses with the Democrats — said that one way progressives can make sure Obama does not enact huge cuts to major social programs is to run a primary challenger against him. Sanders told a listener who called in to protest a debt ceiling deal that cuts Social Security that such a challenge would be a “good idea”:

SANDERS: Brian, believe me, I wish I had the answer to your question. Let me just suggest this. I think there are millions of Americans who are deeply disappointed in the president; who believe that, with regard to Social Security and a number of other issues, he said one thing as a candidate and is doing something very much else as a president; who cannot believe how weak he has been, for whatever reason, in negotiating with Republicans and there’s deep disappointment. So my suggestion is, I think one of the reasons the president has been able to move so far to the right is that there is no primary opposition to him and I think it would do this country a good deal of service if people started thinking about candidates out there to begin contrasting what is a progressive agenda as opposed to what Obama is doing. […] So I would say to Ryan [sic] discouragement is not an option. I think it would be a good idea if President Obama faced some primary opposition.

Am I crazy? Look at what has been going on in Washington for the past few weeks. This debt ceiling fight is utter nonsense, and this President has shown no leadership whatsoever. For a long time, he completely cut Democrats out of the process and “negotiated” with John Boehner, Eric Cantor, and Mitch McConnell! He has put every treasured Democratic program on the table to be cut. Again and again, he has lied about the strength and solvency of Social Security and Medicare. Over at Naked Capitalism, liberal economist Michael Hudson documents Obama’s ugly lies:

You know that the debt kerfuffle is as staged as melodramatically as a World Wrestling Federation exhibition when Mr. Obama makes the blatantly empty threat that if Congress does not “tackle the tough challenges of entitlement and tax reform,” there won’t be money to pay Social Security checks next month. In his debt speech last night (July 25), he threatened that if “we default, we would not have enough money to pay all of our bills – bills that include monthly Social Security checks, veterans’ benefits, and the government contracts we’ve signed with thousands of businesses.”

This is not remotely true. But it has become the scare theme for over a week now, ever since the President used almost the same words in his interview with CBS Evening News anchor Scott Pelley.

Of course the government will have enough money to pay the monthly Social Security checks. The Social Security administration has its own savings – in Treasury bills. I realize that lawyers (such as Mr. Obama and indeed most American presidents) rarely understand economics. But this is a legal issue. Mr. Obama certainly must know that Social Security is solvent, with liquid securities to pay for many decades to come. Yet Mr. Obama has put Social Security at the very top of his hit list!

The most reasonable explanation for his empty threat is that he is trying to panic the elderly into hoping that somehow the budget deal he seems to have up his sleeve can save them. The reality, of course, is that they are being led to economic slaughter. (And not a word of correction reminding the President of financial reality from Rubinomics Treasury Secretary Geithner, neoliberal Fed Chairman Bernanke or anyone else in the Wall Street Democrat administration, formerly known as the Democratic Leadership Council.)

It is a con. Mr. Obama has come to bury Social Security, Medicare and Medicaid, not to save them.

Obama has destroyed the Democratic Party and he is in the process of destroying the U.S. economy and sending us into a prolonged depression. He has to go. Frankly, if we can’t replace him with a liberal Democrat, a Mitt Romney might actually be preferable for the same reason many of us reluctantly preferred McCain in 2008: it’s possible Democrats in Congress would put up a fight against a Republican who did the things Obama has done.

Recent polls show that Obama’s blatantly conservative policies are finally having and effect–his liberal base is falling apart. The latest Washington Post-ABC poll found that the President’s approval numbers on the economy are dropping fast.

More than a third of Americans now believe that President Obama’s policies are hurting the economy, and confidence in his ability to create jobs is sharply eroding among his base, according to a new Washington Post-ABC News poll.

The dissatisfaction is fueled by the fact that many Americans continue to see little relief from the pain of a recession that technically ended two years ago. Ninety percent of those surveyed said the economy is not doing well, and four out of five report that jobs are difficult to find. In interviews, several people said that they feel abandoned by both parties, particularly as debates over the debt ceiling gridlock Washington.

To me the most striking finding in this poll is that African American voters are losing faith in Obama’s handling of the economy and jobs.

the number of liberal Democrats who strongly support Obama’s record on jobs plunged 22 points from 53 percent last year to 31 percent. The number of African Americans who believe the president’s actions have helped the economy has dropped from 77 percent in October to just over half of those surveyed.

If African Americans are starting to see through Obama, he’s in trouble. How can he possibly win enough Independents to make up for the loss of African American votes? Sure, plenty of AA’s will still vote for him, but how many will end up staying home?

At the Top of the Ticket blog, Andrew Malcolm argues that Obama is trying to reach out to the “center,” and that his ridiculous speech last night was filled with code words to appeal to “independents.”

Using political forensics, notice any clues, perhaps telltale code words that reveal to whom he was really addressing his Monday message? Clearly, it wasn’t congressional Republicans — or Democrats, for that matter.

The nation’s top talker uttered 2,264* words in those remarks. He said “balanced approach” seven times, three times in a single paragraph.

That’s the giveaway. Obviously, David Plouffe and the incumbent’s strategists have been polling phrases for use in this ongoing debt duel, which is more about 2012 now than 2011. “Balanced approach” is no sweet talk for old Bernie or tea sippers on the other side.

Obama is running for the center already, aiming for the independents who played such a crucial role in his victorious coalition in 2008. They were the first to start abandoning the good ship Obama back in 2009 when all the ex-state senator could do was talk about healthcare, when jobs and the economy were the peoples’ priority.

Maybe, except Obama isn’t running to the center, he’s running to the right. In the debt limit “negotiations,” he is the one who put Social Security, Medicare, and Medicaid on the table. He has consistently pushed for even bigger cuts than the Republicans have. And Obama has done exactly nothing about jobs. He seems to have no interest in the issue at all. So how is he going to win “centrist” votes? Surely these centrists still care about Social Security and Medicare and surely they care about jobs. I just don’t buy that running further to the right is going to help Obama be reelected.

I’m probably going on too long in this post, so I’ll wrap it up. I’ll end with a bit of Glenn Greenwald’s piece in reaction to the recent polls:

approval ratings is only one of many barometers of a President’s standing with his base — and, at least in Obama’s case, almost certainly not the most important one. It’s completely unsurprising that the vast majority of Democrats and even “liberals” — when presented with the dichotomous approve/disapprove choice by a pollster regarding their own party’s President — will choose “approve”; that, in essence, is little more than a proxy for declaring one’s tribal identity (which of the two sides are you on?). But what propelled the Obama campaign in 2008 was not merely the number of people willing to vote for him but, rather, the intensity of his support.

It’s one thing to be willing to go vote for a candidate on Election Day (or, more accurately, against the other candidate); it’s another entirely to be willing to donate scarce money, canvass and evangelize, and infuse the campaign with passion and energy. That many liberals will still be willing to do the former notwithstanding their dissatisfaction does not mean they will do the latter. That level of progressive commitment to Obama’s candidacy was vital to his victory in 2008, and its absence could be crippling in 2012 (a dependency on Wall Street cash even greater than 2008 can only take one so far). Wasn’t that one obvious lesson of 2010: the central role base enthusiasm plays in election outcomes?

So what is to be done? I don’t know, but I do know that there isn’t another potential candidate with the stature of Hillary Clinton. Is it just a pipe dream? What do you think? Is there any chance at all that Hillary might step in as Ted Kennedy did (admittedly unsuccessfully) against Carter in 1980? Are there any other possible candidates that could pull it off?


Why Did Republicans Shut Down the FAA?

Somehow I missed this story on Saturday, what with all the other horrors that have been in the news lately. House Republicans have shut down the Federal Aviation Administration, costing taxpayers millions in uncollected taxes and putting 4,000 people out of work immediately, with 90,000 jobs in jeopardy.


From the AFL-CIO Now Blog

…House Republicans refused to pass a funding authorization bill, money for airport improvements has dried up and construction workers at many airports have been sent home.

Republicans grounded the FAA because they want to take away Democratic union elections for of aviation and rail workers.

Congress could have passed temporary spending authority for the FAA, as it has 20 times in the past without controversy. But like their tactics on debt ceiling negotiations, Republicans are demanding their way at any cost.

Not only is the FAA shutdown costing jobs, but it’s costing the federal government $200 million a week in uncollected airline ticket fees. That lost revenue is added to the national debt Republicans claim they are so concerned about. On top of that, instead of reducing ticket prices, the airlines are pocketing the fees.

The shutdown is putting construction projects on hold all over the country. In the San Francisco bay area, for example,

About 60 employees of Devcon Construction were set to show up at Oakland International Airport on Monday to continue working on the airport’s brand-new air traffic control tower.

That is, until they were told not to, until further notice. “We were informed Friday to stop all construction activity,” said Dan Anello, a project manager at the Milpitas-based company.

That was when, the House, in its infinite wisdom, refused to reauthorize the Federal Aviation Administration’s operating authority, resulting in the partial shutdown of the agency, the halting of funds for dozens of similar projects nationwide, and further additions to the nation’s unemployment rolls.

If you Google, you’ll find lots of similar stories. According to the Washington Post, the shutdown is not going to end anytime soon.

Though planes continued to fly unhindered nationwide, a dispute about service to a handful of tiny airports crippled Federal Aviation Administration operations for the third day Monday, costing the agency an estimated $30 million a day.

With House Republicans and Senate Democrats apparently in locked positions, and compromise an elusive pursuit on Capitol Hill this month, no one was ready to predict when funding might be restored to the federal agency.

“Don’t hold your breath,” advised one Senate staff member, who spoke on the condition of anonymity.

the $30 million per day is from lost tax revenues.

The Christian Science Monitor confirms that the dispute involves Republican efforts to hinder union organizing.

Democrats said the real issue is that Republicans are insisting Democrats accept a host of controversial provisions added to a long-term FAA spending bill approved by the House in April. Among their key differences is a GOP proposal sought by industry that would make it more difficult for airline workers to unionize.

The Senate passed its own long-term funding bill in February without the labor provision. Democrats insist the House must drop the provision. They’ve also accused Republicans of tying the elimination of rural air subsidies to their extension bill as a means to prod Democrats to make concessions on the labor issue.

The transformation of the U.S. into a third world country through the Shock Doctrine is certainly moving rapidly these days. The shocks are coming so quickly you barely have time to catch your breath before the next one hits.


Tuesday Reads: Heroes and Villains

Good Morning!!

Well, the President gave another speech last night, and it frankly put me in mind of the movie Groundhog Day. I think Obama’s handlers should be told to keep him under wraps until such time as he actually has something to say. I’ve had it with this whole debt ceiling mess, and I’m not going to say anymore about it in this post.

Instead, here’s an inspiring story that Dakinikat called my attention to: German tourist rescued teens during Norwegian island massacre.

A German tourist is being hailed as a hero for rescuing at least 20 people from a gunman’s rampage on Utoya island in Norway, according to media reports.

Marcel Gleffe, 32, was with his family Friday at a campground across the water from the island when he heard gunshots, Der Spiegel reported. He and his family looked out from the shore, thinking it might be fireworks, but instead they saw a plume of smoke and a girl swimming frantically in the water and screaming.

Gleffe got into the boat he had rented and set off, Der Spiegel said. He was the first person to reach the island where Anders Behring Breivik gunned down dozens of youngsters at a summer camp….

“You don’t get scared in a situation like that, you just do what it takes. I know the difference between fireworks and gunfire. I knew what it was about, and that it wasn’t just nonsense.”

We need a lot more people like Marcel Gleffe in this world. And what do you know? Via The Hinky Meter, here’s another hero: David Kemp of Beaverton, Oregon.

Kemp knew something was wrong when he was jogging on the Seaside promenade Saturday and saw 6-year-old Hailey’s face as she struggled to get away from Knox when having a Fantastic Race on a group of people.

“She was scared to death – terrified,” Kemp said.

He asked Hailey if she knew the woman and she shook her head in horror.

“I knew there was a problem at that point (and) that this is very, very serious. This child is terrified,” he said.

He knew he had to do something, especially when he heard what sounded like a death threat.

“She kept telling Hailey: ‘I am your queen; I am going to take you to see our king, our Lord. I am taking you with me.'”

Kemp broke the woman’s grip on the little girl, and when the kidnapper tried to get away, he chased her down and held her till police arrived. This isn’t the first time Kemp has been a hero.

In 2004 he rescued a woman who was injured by a hit-and-run driver and left lying in the road. Then he found the car which led to an arrest.

He’s also chased down and caught a shoplifter running from a store and another time he caught a robber who just held up a Hallmark shop.

Finally, there’s Robert Kraft, owner of the New England Patriots, who was instrumental in ending the four-month-long NFL owners’ lockout. At the press conference announcing the agreement yesterday, Kraft apologized to the fans.

“First of all I’d like, on behalf of both sides, to apologize to the fans that for the last five, six months we’ve been talking about the business of football and not what goes on on the field and building the teams in each market, but the end result is we’ve been able to have an agreement that I think is going to allow this sport to flourish over the next decade and we’ve done that in a way that’s unique among the major sports that every team in our league, all 32, will be competitive, we’ve improved player safety, and we’ve remembered the players who have played in the past.

During the months of the lockout, Kraft was going back and forth between labor talks and his wife Myra’s bedside. She was ending a long battle with cancer, and was buried on Friday.

It’s difficult to imagine how trying – emotionally, physically, mentally – these last few weeks have been for Patriots owner Robert Kraft, as his beloved wife, Myra, was dying of cancer and difficult negotiations dragged on between NFL owners and players over the terms of a new collective-bargaining agreement.

[….]

“He is a man who helped us save football,” Jeff Saturday, the center for the Indianapolis Colts and a member of the NFLPA’s executive committee, said Monday after the league’s players joined the owners in approving a new collective-bargaining agreement. “Without him, this deal does not get done.”

Kraft previously had made it possible for New England to keep its football team when he bought the Patriots in 1994 just as they were about to move to St. Louis. Kraft is proof that people can be wealthy and remain decent human beings.

Randy Vickers, America’s chief of cybersecurity has abruptly resigned without any explanation.

The director of the agency that protects the federal government from cyber attacks has resigned abruptly in the wake of a spate of hacks against government networks.
U.S. Computer Emergency Readiness Team (US-CERT) director Randy Vickers resigned his position Friday, effective immediately, according to an e-mail to US-CERT staff sent by Bobbie Stempfley, acting assistant secretary for cybersecurity and communications, and obtained by InformationWeek. A Department of Homeland Security (DHS) spokesperson confirmed the email was authentic.

The DHS has not provided a reason for Vickers’ sudden departure and the spokesperson, who asked to remain anonymous, declined to discuss the matter further. Vickers served as director of US-CERT since April 2009; previously, he was deputy director.

Current US-CERT deputy director Lee Rock will serve as interim director until the DHS names a successor for Vickers, according to the email.

Was he forced out? Maybe we’ll learn more about this today.

David Neiwert is an expert on right wing extremist groups–he’s written two books about them–and he had a post up yesterday on Crooks and Liars about Anders Breivik, the Norwegian terrorist/mass murderer. It would be hard to choose excerpts from the story–please read the whole thing if you can find time. One important point Neiwert makes is that Breivik is not “crazy,” he’s just a right winger with connections to a group in Norway that is similar to the Tea Party here.

Scott Shane had an excellent article yesterday in the NYT on the connections between Breivik’s sick ideology and a number of American bloggers and media personalities. Of course Dakinikat has been writing about this for the past couple of days also.

The Guardian UK has an in depth article about Breivik, his appearance in court, his threats that “more will die.”

The rightwing extremist who confessed to the mass killings in Norway boasted in court on Monday that there were two more cells from his terror network still at large, prompting an international investigation for collaborators.

After Anders Behring Breivik pleaded not guilty, despite admitting that he had carried out the attacks in Oslo and on Utøya island, officials said it was possible he had not acted alone.

Prosecutor Christian Hatlo said Breivik had been calm in court and “seemed unaffected by what has happened”, adding that the suspect had told investigators during his interrogation that he never expected to be released.

“We can’t quite rule out that someone else was involved. This is partly based on the information that there are two other cells,” Hatlo said.

The prosecutor said he could not discuss whether Breivik had organised the cells or whether he was working alongside them. Police have said they have no other suspects at present.

It also emerged on Monday that Norway’s police security service had been alerted to a suspicious chemical purchase by Breivik in March, but had decided not to investigate further.

Norwegian officials have lowered the number of deaths from the attacks to 76.

At the Daily Beast, Michelle Goldberg, who wrote about about right wing Christian fundamentalism, discusses Breivik’s hatred of women.

Conservatives worried about the Islamization of Europe often blame feminism for weakening Western societies and opening them up to a Muslim demographic invasion. Mark Steyn’s bestselling America Alone: The End of the World as We Know It predicted the demise of “European races too self-absorbed to breed,” leading to the transformation of Europe into Eurabia. “In their bizarre prioritization of ‘a woman’s right to choose,’” he argued, “feminists have helped ensure that European women will end their days in a culture that doesn’t accord women the right to choose anything.”

This neat rhetorical trick—an attack on feminism coupled with purported concern about Muslim fundamentalist misogyny—is repeated again and again in Islamophobic literature. Now it’s reached its apogee in mass murderer Anders Behring Breivik’s 1,500-page manifesto, “2083: A European Declaration of Independence.” Rarely has the connection between sexual anxiety and right-wing nationalism been made quite so clear. Indeed, Breivik’s hatred of women rivals his hatred of Islam, and is intimately linked to it. Some reports have suggested that during his rampage on Utoya, he targeted the most beautiful girl first. This was about sex even more than religion.

It’s a fascinating article with lots of psychological background on Breivik’s misogyny.

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


Try Boehner and Cantor for Treason? What about Obama?

Are Sky Dancers cutting edge or what? Nearly two weeks ago, Dakinikat asked whether our government leaders could be charged with treason over the debt ceiling debacle.

Now David Seaman, a blogger at Business Insider argues that Boehner and Cantor are committing treason by catering to a small number of Tea Partiers’ demands while making the U.S. look weak and unreliable to the rest of the world.

I don’t know of a single American business owner or executive who thinks default — economic armageddon — should be on the table, and yet Republicans are acting as if Americans consider this a viable option.

Sadly, it’s already too late: although we still have time to get a deal before the August 2nd hard deadline, this is the equivalent of shoving a check under your landlord’s door at 11:59 p.m. You’ve lost his trust, even if you are technically not in default.

Enough disgusting dramatics to please your small Tea Party base — we are a nation of more than 300 million; the Tea Party is a handful of folks with racist signs, radical agenda, and the favor of a few influential bookers at Fox News.

On Boehner and Cantor:

John Boehner — a full-grown man who cries in public for rhetorical affect (or maybe he’s that imbalanced, I don’t know)… Eric Cantor — a disgusting attention-seeker who doesn’t realize he is one of the country’s actual leaders, and not merely a commentator on a political morning show.

At this point, Americans should be calling for both of their heads. We need to keep an eye on such “leaders” and ensure that they and their kind are not re-elected to Congress. They don’t represent any of us. And their childish Tea Party views — which have no basis in sound economic theory — are making us look like fools to our international partners.

Seaman also points to this column by John Avlon at CNN, “Our stupid self-inflicted debt crisis.”

…if America defaults on its debt, not only will we find ourselves in a far deeper fiscal hole, but the full faith and credit of the United States will be compromised. In our globalized era, that means America will be considered an unpredictable partner and a second-class power.

Worst of all, this will be a self-inflicted wound. It is a direct result of the hyper-partisanship that has been hijacking America’s political debates. Now it is compromising our ability to govern ourselves effectively.

The markets are viewing Washington’s debt dysfunction as badly as Standard & Poor’s and Moody’s, which have raised the possibility of downgrading their ratings of U.S. bonds.

The British government’s business secretary, Vince Cable, summed up the situation as he saw it on the BBC this weekend: “The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American Congress.”

Avlon blames the mess on “hyper-partisanship,” but the problem as I see it is that the Democratic side–especially our Reagan-adoring President–is showing no partisanship at all, just rushing to cave in to every Republican demand. After all, Obama could quickly resolve this situation, as Daknikat pointed out yesterday, by “invoking the 14th Amendment.”

At FDL, David Dayen points out, rather sarcastically, that Obama “has options to raise the debt limit.” He could tell Congress to vote on the debt limit and hold the arguments about cuts and taxes till later, as Elizabeth Drew suggested at Politico. Alternatively, Dayen says he could turn to the 14th amendment. Obama has so far dismissed this possibility.

Finally, Dayen points to an article in Friday’s NYT by two conservatives.

PRESIDENT OBAMA should announce that he will raise the debt ceiling unilaterally if he cannot reach a deal with Congress. Constitutionally, he would be on solid ground. Politically, he can’t lose. The public wants a deal. The threat to act unilaterally will only strengthen his bargaining power if Republicans don’t want to be frozen out; if they defy him, the public will throw their support to the president. Either way, Republicans look like the obstructionists and will pay a price….

Our argument is not based on some obscure provision of the 14th amendment, but on the necessities of state, and on the president’s role as the ultimate guardian of the constitutional order, charged with taking care that the laws be faithfully executed.

When Abraham Lincoln suspended habeas corpus during the Civil War, he said that it was necessary to violate one law, lest all the laws but one fall into ruin. So too here: the president may need to violate the debt ceiling to prevent a catastrophe — whether a default on the debt or an enormous reduction in federal spending, which would throw the country back into recession.

A deadlocked Congress has become incapable of acting consistently; it commits to entitlements it will not reduce, appropriates funds it does not have, borrows money it cannot repay and then imposes a debt ceiling it will not raise. One of those things must give; in reality, that means that the conflicting laws will have to be reconciled by the only actor who combines the power to act with a willingness to shoulder responsibility — the president.

Abe Lincoln did it, but Obama claims he can’t? Seaman, Avlon, and Vince Cable so far are holding their fire on Obama’s role in this embarrassing mess. But he is the one who is ultimately responsible for maintaining the full faith and credit of the U.S. Treasury. That credit has already been harmed by Obama’s failure to act decisively.

I’d say it’s high time to begin impeachment proceedings against this President, or failing that, Democrats should find someone to run against him in the 2012 primaries. This nonsense has gone on long enough. Yes, I understand that Obama wants to gut Social Security, Medicare, and Medicaid, but the Republicans aren’t going to accept a deal when it’s blatantly obvious that they still can get more from this President–he’ll cave on anything. Either Obama needs to get a grip and do the right thing for once, or he needs to find a job he can handle and let someone else lead the United States of America.


Today’s Deadline Passes With No Progress: Now What?

Late last night I wrote a post summarizing what happened yesterday in seemingly endless debt ceiling kabuki dance that is being staged for our benefit by people who are supposed to be serving us but instead answer to Wall Street, Big Oil, Big Pharma, and the rest of the filthy rich.

Last night John Boehner told House Republicans that they needed to show some progress today in order to calm the Asian markets. After weeks of assuming the politicians in Washington would work something out in order to keep the US from defaulting on its debts, the banksters were suddenly realizing there is a good chance the feckless “leaders” will just go ahead and let it happen.

Apparently both Democrats and Republicans see this debt ceiling debacle as a golden opportunity to strip Americans of what is left of their social safety net. The only disagreement seems to be that Democrats want to include a pretense of raising some revenue along with all the cuts to social programs and Republicans want no new revenue sources, apparently because they see an opportunity to bring Grover Norquist’s dream to fruition:

Norquist favors dramatically reducing the size of the government. He has been noted for his widely quoted quip: “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.”

He has also stated, “Cutting the government in half in one generation is both an ambitious and reasonable goal. If we work hard we will accomplish this and more by 2025. Then the conservative movement can set a new goal. I have a recommendation: To cut government in half again by 2050”. The Americans for Tax Reform mission statement is “The government’s power to control one’s life derives from its power to tax. We believe that power should be minimized.”

So what was accomplished in today’s kabuki performance? Did the Republicans meet Boehner’s goal of sending a calming signal to Asian markets before their Monday opening. No, of course not.

From The New York Times: Deadline Passes as Debt Ceiling Talks Languish

House Speaker John A. Boehner and the Senate majority leader, Harry Reid, were preparing separate backup plans to raise the nation’s debt ceiling on Sunday, after the leaders were unable to end an increasingly grim standoff over the federal budget.

The dueling plans emerged as lawmakers appeared to miss a self-imposed deadline of 4 p.m. Eastern time to cut a deal before markets open in Asia. And at about 6 p.m., President Obama began meeting with Mr. Reid and the House Democratic leader, Nancy Pelosi, in the Oval Office to discuss the Reid proposal.

Not surprisingly, nothing new seems to have emerged from the talks at the White House. But here’s Harry Reid’s supposed “plan.”

Mr. Reid, the Senate’s top Democrat, was trying Sunday to cobble together a plan to raise the government’s debt limit by $2.4 trillion through the 2012 election, with spending cuts of about $2.5 trillion. He would seek to avoid cuts to entitlement programs, but it was unclear how those savings would be achieved.

Notably, the plan does not currently contain any new or increased taxes, an approach that many in his caucus would probably balk at.

For his part, John Boehner is still blabbing on about the Republicans ridiculous “cut, cap, and balance” plan.

Speaker John Boehner (R-Ohio) told his colleagues in a Sunday afternoon conference call that a debt deal with Obama is not the way forward. He said on the call that a plan that “reflects the principles” of the conservative “Cut, Cap and Balance” proposal that the Senate rejected will serve as the model for any legislation coming out of the House. The speaker, though, did acknowledge that the plan itself is a non-starter.

“So the question becomes – if it’s not the Cut, Cap and Balance Act itself – what can we pass that will protect our country from what the president is trying to orchestrate,” Boehner said, according to a source familiar with the call.

Boehner and Majority Leader Eric Cantor (R-Va.), according to several sources on the call, implored his colleagues to “stick together” to enact a budget deal that they can support. Boehner said an agreement “will require some of you to make sacrifices.” He told his colleagues that they shouldn’t worry about winning the battles, but rather the war, according to a source on the call.

I found this piece at Huffpo helpful, although I’ve never heard of the author, Mohamed el-Erian. CEO and co-CIO, Pacific Investment Management Company. Perhaps Daknikat has? Here’s what he had to say after the supposed deadline passed without any progress.

Friday’s stunning and very public quarrel between the president and the Speaker of the House of Representatives was the catalyst for a weekend of frantic negotiations on how to increase America’s debt ceiling, maintain the country’s sacred AAA rating, and avoid a near-term default. Meanwhile, administration officials and members of Congress took to the airwaves on Sunday trying, but largely failing, to strike the balance between statesmanship and another round of the Washington blame game.

It was hoped that all this would serve as a prelude to a political compromise announced just before the opening of Asian markets. This did not materialize. But while another self-imposed deadline has been missed, it is likely that the nation’s leadership will stumble into a short-term compromise over the next few days — one that raises the debt ceiling and avoids a debt default but, importantly, leaves the AAA rating extremely vulnerable and does little to lift the damaging clouds hanging over the US economy.

It will come down to the wire; and when the stopgap compromise is reached, many in Washington will declare victory and, in the process, claim credit for averting a national disaster. Yet the resolution will likely be temporary, and the damage will be real and long-lasting — both of which render an already worrisome situation even more difficult going forward. Indeed, by illustrating so vividly to the whole world what is ailing America, the weekend’s political theatrics should make us all worry even more about the world’s largest economy.

It’s an interesting article. Obviously our “leaders” have already done immense damage to our struggling economy, not just with their wrongheaded policies, but also with their childish game-playing.

Boehner’s plan right now seems to be to insist on a short-term temporary increase in the debt limit of about $1 trillion

accompanied by spending cuts of at least as much, tying the remainder of the debt-ceiling increase Obama has requested to further cuts in the future. The White House says Obama would veto such a measure.

The markets responded quickly:

U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will slump after rallying within 1.4 percent of a three-year high, as failure to raise the federal debt limit intensified concern of a default.

The contract on the S&P 500 Index expiring in September declined 1.2 percent to 1,325.50 at 7:01 a.m. in Tokyo. The U.S. dollar fell against the euro, yen and Swiss franc.

[….]

The dollar weakened to $1.4390 per euro as of 6:01 a.m. in Tokyo from $1.4360 in New York at the end of last week. The greenback fell to 78.35 yen, and touched a four-month low of 78.12 yen, from 78.54 on July 22. It fetched 81.17 Swiss centimes from 81.92 last week after reaching a record low 80.33 on July 18. The yen traded at 112.75 per euro from 112.77.

I don’t pretend to understand all that gibberish, but I know it isn’t good.

The Wall Street Journal says the markets are “bracing for volatility as debt ceiling debate drags on.”

What really scares me is what is going on behind all the “partisan” kabuki. Let’s face it, Democrats are no more our friends than Republicans at this point. We simply can’t trust any of them. I wrote a few days ago about the Catfood Commission II clause that is included in the so-called McConnell plan–the fallback plan that Harry Reid is on board with. Apparently Boehner has also latched onto this idea, and the sequel to the Catfood Commission will also be included in whatever legislation the Republicans come up with.

Ryan Grim has a piece in Huffpo today about Catfood Commission II, which he characterizes as a “Super Congress.”

Debt ceiling negotiators think they’ve hit on a solution to address the debt ceiling impasse and the public’s unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.

This “Super Congress,” composed of members of both chambers and both parties, isn’t mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers — six from each chamber and six from each party.

Legislation approved by the Super Congress — which some on Capitol Hill are calling the “super committee” — would then be fast-tracked through both chambers, where it couldn’t be amended by simple, regular lawmakers, who’d have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law. A Super Congress would be less accountable than the system that exists today, and would find it easier to strip the public of popular benefits. Negotiators are currently considering cutting the mortgage deduction and tax credits for retirement savings, for instance, extremely popular policies that would be difficult to slice up using the traditional legislative process.

So basically, no matter what legislation Congress ends up passing to raise the debt ceiling, this “Super Congress” will be included. We certainly can’t expect any disagreement on this from Obama who, as Grim describes it “has shown himself to be a fan of the commission approach to cutting social programs and entitlements.”

We are so utterly f&cked.