Basic Job Qualifications for Politicians: Stupidity and/or Ability to Lie
Posted: November 2, 2011 Filed under: The Bonus Class, Voter Ignorance, We are so F'd | Tags: big fat liars, I see stupid politicians 27 CommentsSomething tells me I need to step away from the political news for awhile. I’m just blown away by all the information out there about today’s crop of political leaders that
appears to be met with insouciance by many voters. How can you support people that clearly don’t have their facts straight? First, I read that Herman Cain seems to be blissfully unaware that China has had nuclear capabilities for some time. He seems to think they are “trying to develop nuclear capability”. Then, I watched parts of a speech given by Texas Governor Rick Perry Thursday night that was characterized by CBS as “giddy” I can say that “giddy” wasn’t exactly the first word that came to my mind from having spent tons of time in the French Quarter happily surrounded by drunk gay men. Is giddy some new code word that means your gaydar has gone off big time? While Perry was talking about his ‘brother in Christ”, I had a feeling that there was a different sentiment stirring some where beneath his belt. This speech made me believe ” THE rumor”.
Then there was this “awful comment” yesterday by Mayor Bloomberg that I just can’t forget. Bloomberg wants to forget about any role that the commercial and investment banks played in the financial crisis and blame the entire thing on Fannie and Freddie and the 1994 Community Reinvestment Act. Fannie and Freddie exacerbated the entire problem but there is no way that poor people can be blamed for a speculative bubble. Bloomberg simply ignores so many facts and studies that all I can say is that it was shameful to watch some one try to defer blame for incredibly high social costs on their political donor base. He should be embarrassed at being so transparent or ignorant or capable of lying so badly. I still can’t figure out which one is most applicable.
Here’s Bloomberg’s faulty analysis of the financial crisis:
This link from Rortybomb’s Mike Konczal has a lot of good information that debunks the obvious canards. It uses peer reviewed studies not right wing canards and memes meant to promote the interests of the financial services industry.
The first thing to point out is that the both the subprime mortgage boom and the subsequent crash are very much concentrated in the private market, especially the private label securitization channel (PLS) market. The GSEs were not behind them. That whole fly-by-night lending boom, slicing and dicing mortgage bonds, derivatives and CDOs, and all the other shadiness of the 2000s mortgage market was a Wall Street creation, and that is what drove all those risky mortgages.
For some data, start here: ”More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions….Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.”
As Center For American Progress’ David Min pointed out to me, the timing doesn’t work at all: “But from 2002-2005, [GSEs] saw a fairly precipitous drop in market share, going from about 50% to just under 30% of all mortgage originations. Conversely, private label securitization [PLS] shot up from about 10% to about 40% over the same period. This is, to state the obvious, a very radical shift in mortgage originations that overlapped neatly with the origination of the most toxic home loans.”
The source of that bolded quote was the Federal Reserve Board, btw. It clearly showed through reported data that the majority of bad loans came from the private sector,
not Fannie and Freddie. That’s not to say that Fannie and Freddied didn’t jump on board and add to the problem. It just shows that the clear motivator was not the Affordable Housing Act which was supported by both the Clinton and the Bush administrations. Here’s some additional data that’s germane to the analysis.
- Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
- Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
The numbers on subprime lending are extremely clear. The loans that were offered to the weakest borrowers–including NINJA or zombie loans–basically showed up during the housing bubble. Most economists date that period from 2001 to 2007. The worst of the subprime lending occurred during 2004 to 2006 which is around ten years after the affordable housing laws were passed. Ten years is way too long of a window to try to connect bad lending behaviors to the bill. The bad lending behaviors clearly came from institutions trying to profit from the speculative bubble. There’s a really good graphic at McClatchey that shows exactly which 15 private lenders were most responsible for the problem. I’m sure you’ll recognize the usual suspects.
The other thing that the Bloomberg diatribe ignores is the number of legal inquiries being made into the practices meant to speed up both securitization and foreclosure practices by private lenders. There are many, many studies in the legal journals that show that the banks were quick to do both of these thing to earn fee income. Why would you foreclose on people if you wanted to have a huge portfolio of loans to poor and minorities to show the government? Also, why would you sell them off? Wouldn’t you want to keep them on your books to show you weren’t redlining? The rush to foreclosure with inadequate documentation is just one example. Mortgage appraisal fraud was another problem during the peak of the crisis. It just makes absolutely no sense that so many laws could be broken in the name of pleasing a government with an affordable housing agenda. Clearly, these moves were profit-motivated because most of the banks securitized the loans to get rid of them from their books plus, the holders of the loans and the securities sought insurance to guard against default. They were moving the assets off their balance sheet and betting they all would default at the same time.
Economists and financial analysts are taking on Bloomberg’s comments all over the place. Here’s one such article from Forbes. Barry Ritholtz characterizes Bloomberg’s comments as “extremely disappointing” and Bloomberg himself as “clueless” and “empty headed ideologue”. The Forbes article points to further research indicating that Bloomberg’s comments fly in the face of the data.
In a February article for the Journal of Urban Affairs, Dan Immergluck shows how the Federal Housing Authority (FHA) hit the lending accelerator after the housing bubble burst. As the real estate market roared, FHA lending dropped to historic lows, only to rev back up once the subprime mortgage market bottomed out.
This clearly represents the ongoing break with reality that characterizes the thinking and words of so many elected officials. It’s disheartening because I know that this seems more motivated by protecting ‘evil doers’ than the public. It’s deliberately false, deliberating misleading, and creates an atmosphere where it will be impossible to correct laws and regulations that could prevent this from recurring.
I’m beginning to think that a requisite for running for office is the ability to lie or to deliberately remain ignorant of the facts. I can look at politicians like Rick Perry, Herman Cain, Michelle Bachmann, and Sarah Palin fully realizing that they’ve only got primary colors in their school box and that they really have no desire to look for the rest of the rainbow. However, Mayor Bloomberg can only be characterized as up to something because he has never struck me as stupid.
I call shenanigans!
The Call of the Loons
Posted: September 13, 2011 Filed under: 2012 presidential campaign, Republican politics, Voter Ignorance | Tags: health insurance, Let them Die, Poverty, Right Wing Nut Jobs, Right Wing Policies, Universal Coverage 12 CommentsWell, I did manage to watch a little of the “tea party” debate last night. I’m one of those independents that every one should be after this season. I
was more appalled at this one than the last which I didn’t think possible. It’s amazing to me how far off a right wing cliff the party has gone. If the rest of them were trying to make Romney look sane, they sure did a good job of it. I’d like to cover a few of the more outrageous points made by the worst of them by point you to see stylized facts this morning. This is from a press release from the U.S. Census Bureau. Oh, and for any of you Republicans reading this out there, the U.S. Census Bureau is not and has not have been a member of the Communist Party. It’s a release of information on US citizens. The most incredible part of the data is the poverty statistics. This decade is driving families into poverty. It’s a statistically significant trend.
- The poverty rate in 2010 was the highest since 1993 but was 7.3 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available. Since 2007, the poverty rate has increased by 2.6 percentage points.
- In 2010, the family poverty rate and the number of families in poverty were 11.7 percent and 9.2 million, respectively, up from 11.1 percent and 8.8 million in 2009.
You can read more about it in BostonBoomer’s post below. You should, because poverty is at it’s the highest rate in 18 years. This is the part that I want to blog about. People are also losing private insurance and moving to government plans. One of the few bright notes is that the high flawed 2010 HRCA let parents keep their young adult children on their insurance until age 26 so coverage for the 18-24 year old group went up. Every one else was not so fortunate. They’ve been left to the wolves.
The White House sought to find a silver lining in the census figures by noting, as Health and Human Services Secretary Kathleen Sebelius blogged at healthcare.gov, that the percentage of 18-to-24-year-olds covered by health insurance increased by 2.1 percentage points from 2009 to 2010.
So, you already now what I’m going to do as my segue way back to the current crop of Republicans. I’ll give Mittens Romney a pass at the moment. Most of the people on that stage actively promote policies that create statistics like these. Texas is the worst state in the union on nearly every development statistic. It is one huge underdeveloped nation. We also get to know the heart and soul of the current crop of Republicans who have whooped and cheered at executions by Perry–many of the questionable and undoubtedly wrong–and now we get “let them die” on the plight of the uninsured. This answer from Doctor Ron Paul–who should have taken the Hippocratic Oath at one point in his life–was leave them to the churches. Let the charities sort them out!!!
A bit of a startling moment happened near the end of Monday night’s CNN debate when a hypothetical question was posed to Rep. Ron Paul (R-Texas).
What do you tell a guy who is sick, goes into a coma and doesn’t have health insurance? Who pays for his coverage? “Are you saying society should just let him die?” Wolf Blitzer asked.
“Yeah!” several members of the crowd yelled out.Paul interjected to offer an explanation for how this was, more-or-less, the root choice of a free society. He added that communities and non-government institutions can fill the void that the public sector is currently playing.
“We never turned anybody away from the hospital,” he said of his volunteer work for churches and his career as a doctor. “We have given up on this whole concept that we might take care of ourselves, assume responsibility for ourselves … that’s the reason the cost is so high.
The question by Blitzer should’ve just used one of the statistics above. What about the number of people that basically cannot afford private insurance under any circumstance and the many of them that don’t qualify for state medicaid plans? Well, just in case you want a little more back ground on how committed Ron Paul is to the Let them Die wing of the Right to Life party, let me point to a 2008 event.
What a testament to the Libertarian creed, which abhors the idea of universal health care. This loyal, passionate man, who died too young, left his family a debt of $400,000 in medical bills.
Who knows whether he put off getting treatment for the pneumonia that killed him because he was uninsured.
Kent Snyder did some amazing work on the Ron Paul Campaign and is remembered as a “libertarian giant”- by Lew Rockwell, on the libertarian site, Lew Rockwell.com.
The Wall Street journal reports that Kent, more than anyone else, persuaded Ron Paul to run for president. And Kent, according the the WSJ, developed what “ultimately became a $35 million operation with 250 employees that helped deliver more than one million votes for the Texas congressman’s bid in the Republican nominating contest.”-
Ron Paul posted this message about Snyder on his website: “”Like so many in our movement, Kent sacrificed much for the cause of liberty, Kent poured every ounce of his being into our fight for freedom. He will always hold a place in my heart and in the hearts of my family.”
Sadly, the Libertarian heart apparently does not include health care. The poor guy raised tens of millions of dollars and couldn’t afford the $300-$600 a month that COBRA medical insurance would have cost.
Along with this we get Michelle Bachmann’ screed about endangering little girls with forced government vaccines that cause “mental retardation”. Rick Santorum–not to be left out–reminded every one that the HPV virus wasn’t transmitted like the measles and the mumps would be in a Texas classroom and maybe they did things differently down there. Now, in this case I have to give a mild pass to Perry, because he did err on the side of life on this one. Have you ever seen the rape and incest statistics for minors? Would you think it was worth risking a girl’s life because of the way the disease is transmitted? I’d like to turn this part of my post over to Doctor Daughter who has to operate on cervices showing signs of abnormality. These are the ones that don’t get sent directly to the oncologists. Yes, there are 20 year olds that have to undergo radical hysterectomies, Rick and Michelle!! Nice of you both to toss them aside to advance your whacky political ideals.
We are the biggest developed nation in the world that refuses to deal with our broken down health system. The existence of third party payers in a market means the market is broken, the pricing mechanism does not work, the market will effectively provide the necessary supply, and there will be a huge dead weight loss which is the economics term for the result of a dysfunctional market. It’s the value of loss based on what the market misallocates because of the presence of third party payers. This is one of those instances where a government has to step in to make it a working market. If you’ve got third party payers, the market will never be a normal market and it doesn’t matter who the third party payer is. That’s why you have to go for efficiency and a market choice that mimics what the market would look like without them. Insurance is not like buying hamburgers, accounting services, or number 5 red grain wheat. It exists because of moral hazard, information asymmetry, and all the bad things that happen when a market isn’t suited for pure privatization. Every other developed nation has taken the burden of providing private insurance off of private business. Every other developed nation puts every one in the public basic plan so they don’t die in the streets or leave their families impoverished and reliant on government safety net programs the rest of their days trying to pay off the bills. We need a simple, generic, public plan that’s provided to every one that replaces medicare, medicaid, and basic private insurance. It should be standardized so the paper work is simple. Prices should be negotiate on all health-related products and services. The plan can be administered by private insurance companies who can also provide supplemental plans or gap plans. At the very minimum, this plan should provide major medical insurance. It would be most efficient and cheapest with every one opted in, everything standardized, and every price negotiated. PERIOD. This is the situation chosen by every other developed nation in one format or another. It’s called universal coverage and it would save the country a heckuva lot of money and angst.
To date, we have haphazard policy that has basically played into making the market more dysfunctional because it enriches the already parasitic third party payers as well as lets the producers of the end goods or services avoid price negotiations. ObamaCare and RomneyCare are the 1993 Republican Health Plan first put out by Lincoln Chaffee that was the Republican alternative to Bill Clinton’s plan. It later became known as DoleCare and was probably the first sign of Republicans deciding not to negotiate in good faith in order to tank a US President. The source of this plan was the American Heritage Institute. This is basically the plan that Michelle Bachmann says she’ll never stop trying to recall.
The debate last night has really shown the degree of extremism that has infiltrated the Republican Party. It also shows that ideology will triumph over everything. I said it in a thread, but I’ll say it again, watching people cheer on the idea of executing living, breathing human beings and shouting let them die when discussing human beings with devastating, life threatening, costly illness was like being present in Rome when prisoners were sentenced ad bestias. Through out history, public executions have always brought out the worst in society. This debate went way beyond let them eat cake. It was blood lust set loose on a mad mob. The heirs of Nero were in full regalia last night.
Don’t welcome the Neoconfederate Overlords
Posted: September 4, 2011 Filed under: 2012 presidential campaign, Republican politics, Republican presidential politics, right wing hate grouups, Voter Ignorance, We are so F'd, WE TOLD THEM SO | Tags: Republican Party 19 Comments
I used to be a Republican. I registered as a Democrat when I moved to Louisiana 15 years ago. The Clinton Presidency was a beacon of hope for what I considered a party so co-opted by crazies that I couldn’t take it any more. As some of you know, I ran for state office in Nebraska and was completely stalked and harassed by right to life true believers and looney bin church members. I used to work for Republican candidates during my high school years. I attended many state and county conventions. During the 80s there was a distinct change. The conventions were packed with people recruited from church pews that were sent with directions on who to vote for and which principles to remove from the party platform. They removed the ERA and support for abortion rights with some of the most specious reasons I’d ever heard. I really thought if I heard any one mention unisex bathrooms one more time that I was going to slap some one silly.
All I ever got for nearly everything I said was some absolutely insane diatribe that wasn’t grounded in reality let alone science or economics or sound principles of governance. You can’t really debate any one who insists the earth is less than 10,000 years old and that scientists lie. The minute you run for office to start a policy discussion, you become labelled a politician and branded as part of the problem. They hate you for your education and call you an elite. You are screamed down for attending celebrations of women’s suffrage for ‘marching with lesbians in the street’ as if that was some kind of craven and criminal act. I’ve seen rabid dogs with less crazed eyes than the looks I’ve seen on anti-choice zealots. I completely understand why people always say they never knew they had a mass murderer burying bodies in yards right next to theirs. They choose not to see what’s going on. So many people avoid being truly awake. No amount of evidence seems to wake people who really want to be uninformed.
I totally self-identify as an Independent now because I think it’s pretty obvious that both parties are only interested in self-sustenance and not the country. I will not ever get involved with party politics again but I occasionally will work for a candidate. The last campaign I volunteered for was Hillary Clinton’s campaign for the Democratic nomination. I watch the new Republican party machinations with complete horror. An article in TruthOut has brought back all my angst felt while I was trying to help wrest the party from religious and John Birch-style extremists in the 80s and 90s. Its headline is this: “Goodbye to All That: Reflections of a GOP Operative Who Left the Cult”. The author is Mike Lofgren who served as a Republican staffer–mostly in a budget analyst position for the House and Senate–for 30 years and has now quit. You should read the article and be very afraid. It’s an insider’s guide to the rebirth of the confederacy where quoting the Bible justifies any form of slavery and violence as a state’s right.
To those millions of Americans who have finally begun paying attention to politics and watched with exasperation the tragicomedy of the debt ceiling extension, it may have come as a shock that the Republican Party is so full of lunatics. To be sure, the party, like any political party on earth, has always had its share of crackpots, like Robert K. Dornan or William E. Dannemeyer. But the crackpot outliers of two decades ago have become the vital center today: Steve King, Michele Bachman (now a leading presidential candidate as well), Paul Broun, Patrick McHenry, Virginia Foxx, Louie Gohmert, Allen West. The Congressional directory now reads like a casebook of lunacy.
It was this cast of characters and the pernicious ideas they represent that impelled me to end a nearly 30-year career as a professional staff member on Capitol Hill. A couple of months ago, I retired; but I could see as early as last November that the Republican Party would use the debt limit vote, an otherwise routine legislative procedure that has been used 87 times since the end of World War II, in order to concoct an entirely artificial fiscal crisis. Then, they would use that fiscal crisis to get what they wanted, by literally holding the US and global economies as hostages.
The debt ceiling extension is not the only example of this sort of political terrorism. Republicans were willing to lay off 4,000 Federal Aviation Administration (FAA) employees, 70,000 private construction workers and let FAA safety inspectors work without pay, in fact, forcing them to pay for their own work-related travel – how prudent is that? – in order to strong arm some union-busting provisions into the FAA reauthorization.
Everyone knows that in a hostage situation, the reckless and amoral actor has the negotiating upper hand over the cautious and responsible actor because the latter is actually concerned about the life of the hostage, while the former does not care. This fact, which ought to be obvious, has nevertheless caused confusion among the professional pundit class, which is mostly still stuck in the Bob Dole era in terms of its orientation. For instance, Ezra Klein wrote of his puzzlement over the fact that while House Republicans essentially won the debt ceiling fight, enough of them were sufficiently dissatisfied that they might still scuttle the deal. Of course they might – the attitude of many freshman Republicans to national default was “bring it on!”
It should have been evident to clear-eyed observers that the Republican Party is becoming less and less like a traditional political party in a representative democracy and becoming more like an apocalyptic cult, or one of the intensely ideological authoritarian parties of 20th century Europe. This trend has several implications, none of them pleasant.
He continues to write about how the media has not really awakened to the true nature of the party’s activists as well as a list of the current lunatic ideology that has captured the Republican political machinery. I’ve often written about the way the press never seems to hold any one to account for lying. They are complicit in the destruction of political discourse. They refuse to call out obvious lies.
The media are also complicit in this phenomenon. Ever since the bifurcation of electronic media into a more or less respectable “hard news” segment and a rabidly ideological talk radio and cable TV political propaganda arm, the “respectable” media have been terrified of any criticism for perceived bias. Hence, they hew to the practice of false evenhandedness. Paul Krugman has skewered this tactic as being the “centrist cop-out.” “I joked long ago,” he says, “that if one party declared that the earth was flat, the headlines would read ‘Views Differ on Shape of Planet.'”
Lofgren cites a fairly recent article from The New Republic worth reading. Its’ written by John B Judis and titled ” If Obama Likes Lincoln So Much, He Should Start Acting Like Him”.
Over the last four decades, the Republican Party has transformed from a loyal opposition into an insurrectionary party that flouts the law when it is in the majority and threatens disorder when it is the minority. It is the party of Watergate and Iran-Contra, but also of the government shutdown in 1995 and the impeachment trial of 1999. If there is an earlier American precedent for today’s Republican Party, it is the antebellum Southern Democrats of John Calhoun who threatened to nullify, or disregard, federal legislation they objected to, and who later led the fight to secede from the union over slavery.
Today, Republicans are threatening a government shutdown and an international monetary crisis over raising the debt ceiling. They have demanded a set of ruinous concessions as a condition for raising the ceiling. These conditions would include draconian budget cuts at a time when economic growth has virtually stalled—it grew a mere 0.9 percent the first half of this year—because of the exhaustion of the 2009-10 government stimulus. To gain Tea Party votes, House Speaker John Boehner set another condition for raising the debt ceiling again in six months: the passage by the House and Senate of a constitutional amendment to balance the budget. An amendment of this kind would make it impossible for the federal government to reverse economic downturns. The Republicans are, in effect, demanding a major constitutional change in return for not shutting down the government and undermining the American economy. That’s insurrectionary behavior.
I am not an expert on Lincoln, but I have a pretty good idea what he would say if he were to suddenly appear on the scene. He would reject the Republican majority’s attempt to blackmail the rest of the government and the nation. If, because of Republican intransigence, the Congress were unable to raise the debt ceiling by August 2nd, I suspect he would follow Bill Clinton’s advice and raise the debt ceiling unilaterally on the grounds of the fourteenth amendment, which says that “the validity of the public debt … shall not be questioned.” That’s certainly a risky move. If Obama were to do it, he could eventually face a hostile Supreme Court majority, just as Lincoln’s suspension of habeas corpus aroused the ire of Chief Justice Roger Taney in 1861. But, given the dangerous game that the Republican Party is playing, that’s a risk worth taking.
I am completely baffled by the inability of people that like Ron Paul to listen to him and not hear the same confederate language that framed the civil rights era. He uses the same language I heard in the 60s and 70s when people in the south were trying to justify all their Jim Crow Laws and their monumental laws supporting voter disenfranchisement. We’re seeing today’s Republican Governors pass legislation to restrict access to votes. We’re seeing Republican Governors and legislation restrict access to a constitutionally protected medical procedure. Still, there seems to be a distinct lack of outrage by people who supposedly support limited government on these actions. This is the same group of people that are now screaming about the size of federal debt while they were more than willing to spend incredible amounts of money on unnecessary military actions and items during the Reagan years and the Bush 43 years. The hypocrisy is just maddening. The complicity of the press in presenting this insanity as simply another view point is virtually treasonous.
Back to Lofgren who demonstrates point-by-point that the Republican party is obsessed with protecting its rich constituents, promoting war and military industry, and has a religious bent now based on the view of the inevitability of apocalypse. This alliance of neoconfederates, crony capitalists, religious fanatics, and war mongers has been 40 years in the making.
It is my view that the rise of politicized religious fundamentalism (which is a subset of the decline of rational problem solving in America) may have been the key ingredient of the takeover of the Republican Party. For politicized religion provides a substrate of beliefs that rationalizes – at least in the minds of followers – all three of the GOP’s main tenets.
Televangelists have long espoused the health-and-wealth/name-it-and-claim it gospel. If you are wealthy, it is a sign of God’s favor. If not, too bad! But don’t forget to tithe in any case. This rationale may explain why some economically downscale whites defend the prerogatives of billionaires.
The GOP’s fascination with war is also connected with the fundamentalist mindset. The Old Testament abounds in tales of slaughter – God ordering the killing of the Midianite male infants and enslavement of the balance of the population, the divinely-inspired genocide of the Canaanites, the slaying of various miscreants with the jawbone of an ass – and since American religious fundamentalist seem to prefer the Old Testament to the New (particularly that portion of the New Testament known as the Sermon on the Mount), it is but a short step to approving war as a divinely inspired mission. This sort of thinking has led, inexorably, to such phenomena as Jerry Falwell once writing that God is Pro-War.
It is the apocalyptic frame of reference of fundamentalists, their belief in an imminent Armageddon, that psychologically conditions them to steer this country into conflict, not only on foreign fields (some evangelicals thought Saddam was the Antichrist and therefore a suitable target for cruise missiles), but also in the realm of domestic political controversy. It is hardly surprising that the most adamant proponent of the view that there was no debt ceiling problem was Michele Bachmann, the darling of the fundamentalist right. What does it matter, anyway, if the country defaults? – we shall presently abide in the bosom of the Lord.
I frequently lament that not enough people really pay attention to candidates when they exercise their voting rights. However, unless you are willing to do your homework and embrace the idea that politicians may not be who they say they are, you will wind up as one of those low information voters that’s easy prey to the likes of Rick Perry. Back to Lofgren.
It is this broad and ever-widening gulf between the traditional Republicanism of an Eisenhower and the quasi-totalitarian cult of a Michele Bachmann that impelled my departure from Capitol Hill. It is not in my pragmatic nature to make a heroic gesture of self-immolation, or to make lurid revelations of personal martyrdom in the manner of David Brock. And I will leave a more detailed dissection of failed Republican economic policies to my fellow apostate Bruce Bartlett.
I left because I was appalled at the headlong rush of Republicans, like Gadarene swine, to embrace policies that are deeply damaging to this country’s future; and contemptuous of the feckless, craven incompetence of Democrats in their half-hearted attempts to stop them. And, in truth, I left as an act of rational self-interest. Having gutted private-sector pensions and health benefits as a result of their embrace of outsourcing, union busting and “shareholder value,” the GOP now thinks it is only fair that public-sector workers give up their pensions and benefits, too. Hence the intensification of the GOP’s decades-long campaign of scorn against government workers. Under the circumstances, it is simply safer to be a current retiree rather than a prospective one.
If you think Paul Ryan and his Ayn Rand-worshipping colleagues aren’t after your Social Security and Medicare, I am here to disabuse you of your naiveté. They will move heaven and earth to force through tax cuts that will so starve the government of revenue that they will be “forced” to make “hard choices” – and that doesn’t mean repealing those very same tax cuts, it means cutting the benefits for which you worked.
The lessons of the last year could not be clearer. If you live in a state with a governor and a legislature sympathetic to these views, you’re watching the country descend into a locus of neoconfederate states where the state serves the plantation masters and the rest of us are slaves to ideology, servitude, debt and old tyme religion. We are all share croppers now. Take some time to think about this on a weekend that celebrates the struggles that our grandparents endured to bring us in to the modern age. Think about this as we descend in to Civil-War era politics and mindsets. Also, be very aware that the absolute ineptitude and corruption of the Democratic party and their inability to stop this insanity is as treasonous as the ‘fair-minded’ press. We the People need to do something quickly.
This can only mean one thing … President Cave-in Strikes Again
Posted: July 30, 2011 Filed under: Federal Budget, Federal Budget and Budget deficit, voodoo economics, Voter Ignorance, We are so F'd | Tags: Debt Ceiling, Federal Budget, Harry Reid, John Boehner, Mitche McConnell, Nancy Pelosi 14 CommentsIf you haven’t been watching live coverage of the leader on leader snit fit on the senate floor, you’re missing the clash of two realities. For all
intents and purposes, Senate minority leader McConnell appears to be engaged in a filibuster of the Reid Plan in full expectation that he can make a deal with President Cave-in. The earlier speeches on the House floor were more raucous than the backbenchers in parliament. Representative Nancy Pelosi received applause, hoots, catcalls and boos. The acting speaker clearly lost control of house decorum.
GOP leaders appear to have been encouraged enough in behind closed doors White House meetings they held a press conference suggesting the stand off might be near an end. Senator Reid took to the senate floor to tell McConnell and Boehner they were sorely mistaken. You can see the coverage of the Boehner/McConnell Presser here.
“We are now fully engaged” with the White House said Senate Minority Leader Mitch McConnell in a joint appearance with House Speaker John Boehner. “It should be clear … that Senator McConnell and I believe that we are going to be able to come to some sort of agreement,” Boehner said.
Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi met alone with Obama and Biden, both the president and vice president have been in conversations with Boehner and McConnell.
Indeed, McConnell has been most insistent on this point, leading to some acerbic, amusing exchanges with Reid earlier in the day.
“He called the White House and said `Mr. President, let us do the deal,” Reid said of McConnell. “And now he’s telling the president he wants the president to do the deal.”
“We cannot reach a deal without the president. We tried that,” McConnell answered. “I’ll concede the point…but it makes my point that there’s no way under the constitutional system for my friend and I to work this out we have to have the president at the table.”
The biggest two outstanding issues are the Republicans’ insistence on “dollar-for-dollar” deficit reductions –without new tax revenues—to match any increase in the Treasury’s borrowing authority. And second, what enforcement mechanism is best to ensure that a new joint House-Senate committee will be able to come up with an estimated $1.6 trillion in savings by the end of this year.
The Republican leaders in Congress signalled that they were close to reaching a deal with President Barack Obama to raise the US borrowing limit and stave off a devastating default, a breakthrough that would relieve markets – and ordinary Americans – if it were to happen.
But in a sign of the confusion on Capitol Hill about how parties would end the impasse, Harry Reid, the Democratic leader in the Senate, said Republican claims of new progress on a debt ceiling deal are “not true”.
But “the process has not been moved forward,” Mr Reid said.
Pelosi pulled out a Star Wars reference on the House floor, saying that Speaker John Boehner “chose to go to the dark side” and court the most conservative members of his conference, rather than work on a bipartisan compromise.
“It’s time for us to end this theater of the absurd,” she said. “It’s time for us to get real.”
The House struck down the Democratic measure, 173-246, in a vote that was designed to fail. Boehner brought the measure up under a special rule that required a two-third majority for passage.
“This thing is not on the level,” Pelosi said before the vote.
Boehner’s office said Saturday morning that the vote on Senate Majority Leader Harry Reid’s legislation would show that the Nevada Democrat’s plan can’t pass the House, dismissing it as a “pointless political exercise.”
Despite the House’s pre-emptive rejection of the Reid plan, Senate Democrats say they are moving forward with its consideration. The Senate is tentatively scheduled to take up Reid’s proposal beginning at 1 a.m. ET on Sunday — part of that chamber’s arcane procedural path required to get something passed before the Treasury runs out of funds.
Any proposal put forward by Reid will ultimately need the support of at least seven Senate Republicans in order to reach the 60-vote margin required to overcome a certain GOP filibuster.
Forty-three of the Senate’s 47 Republicans sent a letter to Reid Saturday promising to oppose his plan as currently drafted. Maine’s Olympia Snowe and Susan Collins, Massachusetts’ Scott Brown, and Alaska’s Lisa Murkowski declined to sign it.
McConnell urged Reid early Saturday afternoon to hold a quick vote on his bill in order to clear the way for new talks.
Your plan “will not pass the Senate. It will not pass the House It is simply a nonstarter,” McConnell told Reid on the Senate floor. “Hold the vote here and now” and let’s “not waste another minute of the nation’s time.”
Reid responded by accusing the Republicans of wasting time on the Boehner plan, and criticized the Senate GOP for not allowing his plan to be considered with a simple majority vote.
“The two parties must work together to forge an agreement that preserves this nation’s economy,” Reid said. “My door is still open.”
It’s getting pretty obvious what the dynamic is now. The Republican leadership in Congress has absolutely no control over its rogue teabot faction which appears to be made up of people that cannot be reasoned with, have no clue about how the constitution sets up the passage of laws, and never cracked a book on finance or economics in their lives. The Democratic leadership are about to have the legs knocked out from under them again by President Cave-In. The Republicans are stalling until President Cave-In forces Democrats to fully give in to Republican demands. Get ready for the next recession. It’s on its way . From my vantage point, the teabots are terrorists and the President and the Republican leadership are in negotiations with them.






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