Tuesday Reads: Philippines Disaster, Economics News, and the Concern Troll MediaPosted: November 12, 2013 Filed under: Barack Obama, Hillary Clinton, morning reads, The Great Recession, The Media SUCKS, the villagers, U.S. Economy, U.S. Politics | Tags: Alex Bolton, Andrew Huszar, Bart Chilton, Ben Bernanke, Chris Cillizza, concern troll media, Elizabeth Warren, Gary Gensler, Janet Yellen, Noam Scheiber, Philippines, Politico, Rebecca Ruth Guy, T-Bogg, Timothy G. Massad, Typhoon Haiyan 72 Comments
Boy did I ever get a shock when I looked out my window this morning and saw a mix of snow and rain coming down outside. Noooooo! It’s way too early for winter weather. I hope this isn’t a sign of things to come.
Now that I’ve looked at this morning’s news from the Philippines, I’m ashamed to be complaining about a little bit of freezing rain. The disaster following Typhoon Haiyan is beyond belief. ABC News talked to a 19-year-old American woman who who survived the massive storm.
Rebecca Ruth Guy, 19, was living in the city of Tacloban, which bore the full force of the winds and the tsunami-like storm surges Friday. Most of the city is in ruins, a tangled mess of destroyed houses, cars and trees.
“When the storm hit, our apartment was flooding so we tried opening the door but the flooding was already rising up to our chest,” Guy told ABC News.
Faced with a life-and-death situation, Guy’s friend smashed the window so they could climb to the roof and escape the storm surge, which is being blamed for a large part of the destruction and death.
“We got out to the roof,” she said. “The rain was coming, the winds were crazy and it was getting cold. So we ended up sandwiching together and holding onto one another for warmth, praying for protection of the people.
“The most harrowing was when I saw women and children piled under tarpaulin, and when I saw dogs skewered on gates, cars thrown into buildings, people trying to find something to eat, water to drink,” she added.
According to the article, the U.S. sent planes to evacuate Americans living in the Philippines; other residents aren’t so fortunate.
CNN is reporting that 1,774 people are dead; but that number will continue to rise.
Cebu, Philippines (CNN) — Typhoon Haiyan has killed too many people to count so far and pushed to the brink of survival thousands more who have lost everything, have no food or medical care and are drinking filthy water to stay alive.
By Tuesday, officials had counted 1,774 of the bodies, but say that number may just be scratching the surface. They fear Haiyan may have taken as many as 10,000 lives.
The storm has injured 2,487 more since it made landfall six times last Friday, the government said. It has displaced at least 800,000 people, the U.N. said Tuesday.
Unfortunately a new storm and an earthquake have hindered rescue efforts.
As authorities rush to save the lives of survivors four days after Haiyan ripped the Philippines apart, a new tropical low, Zoraida, blew in Tuesday delivering more rain, the Philippine national weather agency PAGASA reported.
Zoraida is not a strong storm, but has dumped just under four inches of rain in some places, CNN meteorologists say….
An earthquake also rattled part of the affected area. The 4.8 magnitude temblor shook San Isidro Tuesday, the U.S. Geological Survey reported.
Here are a few more links about the storm and its aftereffects:
The Week: The terrible destruction of Typhoon Haiyan. This one has a number of shocking photos like the one to the left.
CNN: How it happened: Tracing Typhoon Haiyan’s havoc in the Philippines (lots more photos at this link)
NPR: WHO Rates Typhoon’s Medical Challenges ‘Monumental’
NPR: ‘It Looks Like A 50-Mile Wide Tornado’ Hit The Philippines
CTC News: Typhoon Haiyan: Before and after photos of storm’s damage
In other news, here’s one that will interest Dakinikat: Obama to Tap Treasury Official as Top Derivatives Regulator. From The New York Times Dealbook blog:
President Obama will nominate Timothy G. Massad as the new chairman of the Commodity Futures Trading Commission on Tuesday, a White House aide said, choosing the senior Treasury Department official to run an agency that polices some of Wall Street’s riskiest activity.
If confirmed by the Senate, Mr. Massad will succeed Gary Gensler, a former Goldman Sachs banker who overhauled the agency in the wake of the financial crisis. Mr. Gensler, credited with turning one of Wall Street’s laxest regulators into one of its most aggressive, must leave office at the end of the year when his term officially expires.
Mr. Massad, an assistant secretary of the Treasury who oversaw the unwinding of the government’s bailout program stemming from the financial crisis, would join the agency as it undergoes a makeover.
Bart Chilton, the agency’s most liberal commissioner, announced last week that he would soon depart. David Meister, the enforcement director who led actions against some of the world’s biggest banks, departed the agency last month. And Jill E. Sommers, a Republican commissioner, left months ago.
The vacancies have raised the stakes for Mr. Massad’s nomination. If Mr. Chilton and Mr. Gensler depart before their successors are confirmed, the five-member commission will be down to just two members: one Republican, Scott D. O’Malia, and one Democrat, Mark Wetjen.
That would not be good. I know Dakinikat is busy today, but here’s another article for her to weigh in on if she has time: Confessions of a Quantitative Easer. From Andrew Huszar at the Wall Street Journal:
I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the financial crisis, Congress had already passed legislation, the Troubled Asset Relief Program, to halt the U.S. banking system’s free fall. Beyond Wall Street, though, the economic pain was still soaring. In the last three months of 2008 alone, almost two million Americans would lose their jobs.
The Fed said it wanted to help—through a new program of massive bond purchases. There were secondary goals, but Chairman Ben Bernanke made clear that the Fed’s central motivation was to “affect credit conditions for households and businesses”: to drive down the cost of credit so that more Americans hurting from the tanking economy could use it to weather the downturn. For this reason, he originally called the initiative “credit easing.”
Huzar claims that Janet Yellen will likely continue Bernanke’s policies.
Even when acknowledging QE’s shortcomings, Chairman Bernanke argues that some action by the Fed is better than none (a position that his likely successor, Fed Vice Chairwoman Janet Yellen, also embraces). The implication is that the Fed is dutifully compensating for the rest of Washington’s dysfunction. But the Fed is at the center of that dysfunction. Case in point: It has allowed QE to become Wall Street’s new “too big to fail” policy.
More pundits are joining the anti-Hillary ranks. According to The Hill’s Alex Bolton:
Liberal leaders want Hillary Clinton to face a primary challenge in 2016 if she decides to run for president.
The goal of such a challenge wouldn’t necessarily be to defeat Clinton. It would be to prevent her from moving to the middle during the Democratic primary.
“I do think the country would be well served if we had somebody who would force a real debate about the policies of the Democratic Party and force the party to debate positions and avoid a coronation,” said Roger Hickey, co-director of Campaign for America’s Future, an influential progressive group….
Clinton raised concern among the Democratic Party’s populist base when she recently accepted an estimated $400,000 from Goldman Sachs for two speeches.
Influential progressives wonder whether someone who accepted such a large sum from one of Wall Street’s biggest investment firms could be expected to hold corporate executives accountable if elected president.
They also wonder how aggressively she’d call for addressing income inequality, which many see as one of the biggest economic problems facing the nation.
That’s odd, since Obama ran to Hillary’s right in 2008 and received more contributions from Goldman Sachs and other Wall Street firms than either Hillary or John McCain. But let’s not get caught up in facts…
Politico has taken up the suggestion from Noam Scheiber at The New Republic that Dakinikat wrote about yesterday that Elizabeth Warren should run against Hillary. Concern trolls Ben White and Maggie Haberman write:
There are three words that strike terror in the hearts of Wall Street bankers and corporate executives across the land: President Elizabeth Warren.
The anxiety over Warren grew Monday after a magazine report suggested the bank-bashing Democratic senator from Massachusetts could mount a presidential bid in 2016 and would not necessarily defer to Hillary Clinton — who is viewed as far more business-friendly — for the party’s nomination.
And the fear is not only that Warren, who channels an increasingly popular strain of Occupy Wall Street-style anti-corporatism, might win. That is viewed by many political analysts as a slim possibility. It is also that a Warren candidacy, and even the threat of one, would push Clinton to the left in the primaries and revive arguments about breaking up the nation’s largest banks, raising taxes on the wealthy and otherwise stoking populist anger that is likely to also play a big role in the Republican primaries.
So what does Warren think about all this?
A spokesperson for Warren declined to comment on whether she would consider a presidential bid against Clinton, though Warren has previously said she has no plans to run. People close to Warren note that she signed a letter from female Democratic senators urging Clinton to run in 2016. And Warren associates, mindful of any appearance of creating the narrative of a Warren-for-president campaign, have corresponded with Clinton associates to stress that they didn’t fuel the New Republic story by Noam Scheiber.
Assholes. Hey, I have an idea–why not get Kirstin Gillibrand to run against Hillary too? Of course Chris Cillizza is also rooting for Warren and Clinton to destroy each other’s chances to do anything positive about the economy:
Quick, name someone who would have a realistic chance of beating out Hillary Clinton for the 2016 presidential nomination. Martin O’Malley? Nope. Joe Biden? Maybe but probably not. Howard Dean. No way. There’s only answer to that question that makes even a little sense. And that answer is Elizabeth Warren.
And so on… bla bla bla… Don’t these idiots have anything important to write about? Like maybe jobs, children without food or health care, or the upcoming battle over the debt limit?
Thank goodness for TBogg at Raw Story: What if Elizabeth Warren went back in time and smothered Baby Hitler in his crib?
If you have been perambulating about the internet these past few days, the above is exactly the kind of linkbait bullshit narratives that are being peddled by people who have wearied talking about President of New Jerseymerica Chris Christie or whether Rand Paul was the real life inspiration for the J.L. Borges short story, Pierre Menard, Author of the Quixote. It seems that frustrated writers lacking hobbies have turned their lonely eyes to the Democratic side of the 2016 presidential election which is just around the corner, if by corner, you mean: three years from now. But with Hilary “Killary” Clinton pretty much chillaxing with the nomination ripe for the taking (providing she doesn’t rehire Mark Penn, aka The Man Who Could Fuck Up A Baked Potato) there isn’t a whole lot of tension the likes of which you can find on a daily basis on the Republican Wingnut Flavor of the Week side.
So naturally, Noam Scheiber felt obligated to create some Democratic conflict. T-Bogg responds:
I love Elizabeth Warren. I would totally have her baby if she would have me. You love Elizabeth Warren. We all love Elizabeth Warren. Someday Elizabeth Warren t-shirts may very well become as ubiquitous as Che T’s. But, outside of the hazy crazy patchouli-scented fever palaces that are the comment sections of the manic progressive websites, nobody really thinks that Warren could, would, or should run an insurgent primary campaign against Clinton. And, to be quite frank, those who think Warren should run to in order to “start a conversation” are the kind of people who have attempted this kind of thing in the past and , as my grandmother used to put it, “don’t have dick to show for it”.
Read his replies to Politico and Cillizza at the link. BTW, I wrote comment before I discovered T-Bogg’s piece. Great minds think alike, but T-Bogg expressed my reactions so much better than I could.
That should be enough to get us started on the day’s news. What stories are you following? Please post your links in the comment thread and have a terrific Tuesday!
Tuesday Reads: Wisconsin Recall Madness!Posted: June 5, 2012 Filed under: 2012 elections, Labor unions, morning reads, Populism, Psychopaths in charge, Reproductive Rights, Republican politics, Right to Work, Tea Party activists, The DNC, the GOP, the villagers, U.S. Economy, U.S. Politics | Tags: Chris Cillizza, grass roots activism, InTrade, John Nichols, Koch Brothers, PPP polling, public employee unions, Rebecca Kleefisch, Scott Walker, Tom Barrett, voter turnout, Wisconsin recall election 65 Comments
Today is the day of reckoning for Wisconsin. Voters will go to the polls today to decide the fate of Governor Scott Walker and five other Wisconsin Republicans: the Lieutenant Governor and four state senators. If the Democrats can win just one of those seats, they will regain the senate majority.
I think everyone here knows the genesis of this recall battle, but here’s a quick explainer from Chris Cillizza at the WaPo. Cillizza also speculates on possible surprising outcomes from the election.
Cillizza allows that Barrett could conceivably win and the Democrats could retake the senate–the latest poll by PPP had Walker leading by only 3 points, within the margin of error. The poll also suggested that Barrett had the momentum as of yesterday. On the other hand, InTrade had Walker’s chances at more than 90% late last night. The truth is no one really knows for sure, because the turnout and enthusiasm on each side will tell the tale. Cillizza, being a Villager, still thinks Walker will win, but thinks the Senate could switch.
When they filed petitions to recall Walker himself last fall, Democrats also filed papers to recall another four state senators — Senate Majority Leader Scott Fitzgerald, and Sens. Pam Galloway, Terry Moulton and Van Wanggaard, (Galloway resigned earlier this year; Republican state Rep. Jerry Petrowski is running for her seat.)
They need only win one race to take control.
Fitzgerald is likely safe given his heavily Republican district, although Lori Compas, his Democratic rival, has attracted a lot of media attention.
But Democrats are bullish on the races against Moulton and Wanggaard. Both districts went for President Obama in 2008; Wanggaard’s went narrowly for John Kerry in 2004. Whether Barrett wins or not, they expect to take back the state Senate.
Moulton faces former state Rep. Kristen Dexter; Wanggaard faces former state Sen. John Lehman (D). Outside groups have spent hundreds of thousands of dollars on both sides. State Rep. Donna Seidel (D) also has a shot at beating Petrowski; before Galloway the seat had gone Democratic for two decades.
Cillizza points out that if Barrett wins and the Democrats take the state senate and could get some of the Walker legislation overturned before another election could give the senate back to the Republicans. The other possibility, Cillizza mentions is that Democrats could defeat Walker’s Lt. Governor Rebecca Kleefisch, but that’s pretty unlikely. She’s leading in the polls at the moment.
The Seattle Times had a good article on Sunday about the national issues that are at stake in the election today.
Under fire for cutting budgets at the expense of public employees, Walker would be the third governor in U.S. history yanked from office in a recall election. Walker has an edge, but the race is close.
The campaign will mean more than who governs Wisconsin. It’s a test case of the larger clashes in American politics that are driving elections for the presidency and control of Congress, highlighting divisions over the costs of government.
With more than $30 million raised from conservative donors, many of them from other states, and visits from a who’s who of high-profile Republican governors (New Jersey’s Chris Christie, South Carolina’s Nikki Haley, Louisiana’s Bobby Jindal and Virginia’s Bob McDonnell), Walker’s campaign to survive the recall has the feel, the money and the stakes of a national race.
The state vote is raising questions that will echo nationwide. Can a tough-minded conservative Republican force cuts in government at the risk of angering public-employees unions and win a swing state such as Wisconsin? Will voters think he’s doing the best he can in a tough time? Or will they rise in a grass-roots backlash against the well-financed Republican effort?
Admittedly, that article has a Republican flavor, but it does do a pretty good job of spelling out the issues. For a more left-wing perspective, here’s a lengthy piece at by Sarah Jaffe of Alternet: Wisconsin’s Recall Drama Down to Nail-Biting Finish.
Wisconsin’s recall is, as reporter John Nichols put it, the kind of “renegade politics” that are disdained by the national Democratic party and even some state Democrats. It is being driven by the same activists who turned out by the thousands to occupy their capitol when Governor Scott Walker attacked workers’ right to organize and bargain collectively.
Now, a day before the biggest recall yet—of Governor Walker, Lieutenant Governor Rebecca Kleefisch, and four Republican state senators—the fight will be won or lost where it began: on the ground.
There’s a lot of big outside money pouring into Wisconsin, mostly to pump up Walker’s attempt to hang on to his seat, but the one thing that money can’t buy is an excited, driven grassroots movement. If Milwaukee mayor Tom Barrett beats Walker on Tuesday, it will be because of thousands of volunteers getting out the vote person by person.
“This is really a case of Walker raising $13 million against possibly the most widespread grassroots get-out-the-vote effort in the state’s history,” Matt Reiter, co-president of the Teaching Assistants’ Association at the University of Wisconsin at Madison, told AlterNet.
Please try to check that one out. It’s long, and very informative. John Nichols of The Nation (mentioned prominently in Jaffe’s piece) is Wisconsin native, and has written a book about the struggle in his home state. Here’s a piece Nichols wrote yesterday: How To Buy A Recall Election.
Governor Scott Walker is not trying to win the Wisconsin recall election that will be held June 5.
He is trying to buy it.
If the embattled governor does prevail, he will provide essential evidence not of his own appeal but of the power of money to define our politics.
On the other hand, if Walker is defeated, a template will have been developed for a people-power, message-power politics that might be able to challenge big money.
And there is no question that what is in play is very big money.
Read the gory details at the link.
At Salon, Josh Eidelson writes about the possible effects of some Wisconsin voters’ “resentment” of union workers on the recall outcome.
If Scott Walker survives tomorrow’s election, there will be plenty of reasons. Many people will point to his huge cash advantage, for good reason. But no factor will have been more important than the decades of decline in U.S. union membership.
“Unions had their place,” a woman named Jerri told me soon after I arrived in Wisconsin last week. “They did their part back in the ‘40s and ‘50s, and then they got too big, and are abusing their power.” Jerri and her husband, Tim (both declined to give last names), were eating at a bar in Wauwatosa, the purple Milwaukee suburb that’s home to Scott Walker. They both work in sales: She’s in retail at the mall; he’s in wholesale, selling caskets. Tim said Walker’s union “reforms” were necessary because local politicians had been “looking out for the union” instead of “people like me.” He said unions are for people who don’t “feel they should have to work very hard.” Jerri complained that unions “are sucking off my teat.” Public workers’ benefits, she said, “should be the same as anybody in any kind of private job.”
That last statement is most telling. While resentment toward unions has grown since the 1950s, it’s not because they got too big. It’s because they got too small. A multi-decade drop in unionization left fewer Wisconsinites who are union members or live in union households. Meanwhile, because governments are less prone than businesses to terrorize workers or shut down facilities to avert unionization, public sector unionization has remained more stable. In 2009, for the first time, there were more total U.S. union members in government employment than in the entire private sector.
That one is pretty scary for those of us who care about quality education and public services.
The Wall Street Journal highlights the importance of turnout in the recall election.
Both sides say few voters remain undecided, after more than $63.5 million in political spending saturated the airwaves and clogged voters’ mailboxes. A weekend survey by the Democratic group Public Policy Polling found Mr. Walker holding a slight lead and only 3% of likely voters undecided. With few voters left to persuade, the main question is which side will win the turnout battle.
Labor groups and their allies knocked on more than 300,000 doors during the past few days and placed more than 400,000 phone calls, said Brian Weeks, the assistant political director for the American Federation of State, County and Municipal Employees union.
Unions historically have had a strong ground game. But Republicans said they took a page from labor’s playbook and have developed a coordinated get-out-the-vote effort, which could also give the party a boost in the November presidential election, helping the GOP equal the Democrats’ election-day machinery.
Felicia Sonmez and Rachel Weiner of the WaPo write about the battle of “TV ad spending vs. boots on the ground.” They say that this election:
serves as a proxy for the national battle between Democrats’ much-touted ground organization and Republicans’ fundraising advantage.
With Walker ahead in the polls and leading Milwaukee Mayor Tom Barrett (D) in the money race by more than 7 to 1 – and with GOP-aligned outside groups far outspending their counterparts across the aisle — Democrats maintain that their shot at victory depends on a far superior get-out-the-vote operation buoyed in large part by organized labor.
According to Monica Davey at the NYT,
About 60 to 65 percent of Wisconsin residents of voting age are expected to go to the polls on Tuesday, the state’s Government Accountability Board said. That would be a higher turnout than two years ago, when Mr. Walker and a wave of Republicans largely swept state and federal offices here, but not as high as the more than 69 percent turnout in 2008, when Barack Obama easily won the state.
Only time will tell. We’ll have a live blog this evening so we can follow the results together. Now I need you to let me know what else is in the news. I look forward to clicking on your links.