Wall Street Royal Jamie Dimon deigned to appear before a Senate Committee yesterday, and the Senators mostly sucked up to him. I’m surprised they didn’t ask if he needed a pillow for his chair. MSNBC: Senate treats JPMorgan CEO Dimon with kid gloves
Dimon was expected to receive a frosty reception in his first congressional appearance since he announced the bank sustained a trading loss some analysts now estimate is at least $3 billion. It was a massive loss for the nation’s biggest financial institution.
Instead, Dimon, who has won praise for bringing JPMorgan (JPM) through the financial crisis relatively unscathed, was treated cordially by most of members of the Senate Banking Committee. They peppered him with questions about regulation and risky practices at the bank, but did not press him to give an update on the losses resulting from the trade. JPMorgan is expected to give an update to shareholders when it reports its second-quarter earnings July 13.
“I think it was a pretty favorable day,” David Konrad, a Keefe, Bruyette & Woods banking analyst, told CNBC. Konrad said he was surprised that the questioning of Dimon by lawmakers was so “professional.”
Excuse me, “professional” for a Senator would have been sending this man to the woodshed. NPR’s Marketplace called the treatment of Dimon “a wake for Dodd-Frank.”
Yahoo has named the winner of the “Most Tepid Endorsement of Mitt Romney” contest: it’s a bumper sticker that reads “At least he’s not a communist.”
Until recently, it appeared that no one could unseat Indiana Gov. Mitch Daniels as the champion of the tepid Romney endorsement. Since Yahoo News started conducting reader polls on the politicians who supported Mitt Romney in the least enthusiastic terms, Daniels has defeated original champ George Pataki and defended the crown against Newt Gingrich, Rick Santorum and George W. Bush. (The former president came the closest to unseating Daniels.)
We thought the book was closed on the tepid endorsement bracket until Yahoo News reporter Chris Moody spotted a bumper sticker at last weekend’s regional CPAC conference in Chicago bearing these words of praise: “At least he’s not a communist.”
You can read the other tepid endorsements at the link.
First Romney made fun of Obama for wanting to help cities and states pay for cops, teachers, and firefighters. Then he went on Fox News and said it was a “strange accusation” for anyone to say he didn’t want to hire teachers and first responders.
After an extended skewering of President Obama for a gaffe about the private sector last week, ending with the charge that it was proof the president was “out of touch” Romney was asked by Fox and Friends’ Brian Kilmeade for his response to Obama saying it was Romney who was clueless (Romney’s comment comes at about the 1:40 mark) :
[BRIAN] KILMEADE: He says that you’re out of touch. He says you want to cut firefighters and teachers, that you don’t understand what’s going on in these communities. What do you say to that, Governor?
ROMNEY: Well, that’s a very strange accusation. Of course, teachers and firemen and policemen are hired at the local level and also by states. The federal government doesn’t pay for teachers, firefighters or policemen. So, obviously that’s completely absurd.
But of course the federal government does subsidize states and they often use the money to pay for these public employees. In fact, the reason so many teachers, firefighters and cops are getting laid off now is because stimulus money has run out.
Yesterday Greg Sargent pointed out that Romney’s plan would indeed cut billions from cops, firefighters and teachers
Yesterday Mitt Romney claimed that it was “ completely absurd” of the Obama campaign to argue that he favors cutbacks in cops, firefighters and teachers. “The federal government doesn’t pay for teachers, firefighters or policemen,” Romney said, adding that they were paid by states and localities.
What’s getting lost in the back and forth here is that Romney’s actual economic plan would, in fact, cut billions of dollars in federal money that goes to cops, firefighters, and teachers — perhaps more than $10 billion a year, in fact.
This is the conclusion of the Center on Budget and Policy Priorities, which analyzed Romney’s plan through the prism of the debate over public workers at my request.
As Michael McAuliff reported yesterday, despite Romney’s claim, the federal government does give billions of dollars to states and localities through programs like Title 1, the COPS program, FEMA and others — which pay for first responders and teachers.
This is amazing. Romney finally broke down and decided to talk to a media source that isn’t Fox News! He will be on Face The Nation on Sunday morning.
A full year into his presidential campaign, presumptive Republican nominee Mitt Romney will venture out of his Fox comfort zone this Sunday to make his first appearance on a rival network’s political talk show.
Romney has been interviewed several times on ”Fox News Sunday” this campaign cycle, but has declined repeated invitations to appear on any of the other Sunday shows, occasionally drawing scorn from veteran anchors accustomed to interviewing presidential candidates.
Let’s hope Shieffer asks a few tough questions. One thing Shieffer will probably ask about is Romney’s choice of Vice President. One of the leading contenders, Marco Rubio, announced yesterday that he supports the illegal Florida voter purge.
“How can you argue against a state identifying people who are not rightfully on the voter rolls?” he said at a Bloomberg event, according to the Tampa Bay Times.
Rubio’s comments put him in line with Florida Gov. Rick Scott (R) who on Tuesday declared the debate on the merits of the purge “over,” because the probe had supposedly turned up more than 50 non-citizen voters who had cast ballots.
The Department of Justice didn’t agree. Later Tuesday, it announced it was launching a federal lawsuit against Florida over complaints that the purge was taking place within 90 days of its August 14 primary election, as well as over its alleged violation of a voting rights law meant to prevent states from suppressing voters.
That might not help Romney win over Latino voters.
John Avlon has a piece at CNN on Jeb Bush and other “moderate” Republicans who are starting to fight back against Grover Norquist:
This is what happens when politics starts looking like a cult: Jeb Bush gets attacked for being a traitor to the conservative cause.
The former Florida governor has been speaking with the freedom of someone not running for office, saying that both his father and Ronald Reagan would have had a hard time in today’s hard-right GOP and questioning the wisdom of Grover Norquist’s absolutist anti-tax pledge.
That set off a fascinating public fight between Bush and Norquist, two faces of competing factions within Republican Party. It is the latest evidence of a growing GOP backlash against the ideological straitjacket Norquist has attempted to impose on governing in the United States.
And Jeb is not alone.
As it turns out, Norquist has reason to be concerned. It’s not just Jeb Bush. A growing number of Republicans are rejecting his pledge. Oklahoma conservative Sen. Tom Coburn called the pledge’s effective veto of deficit reduction plans “ridiculous” when talking with Erin Burnett on “OutFront.”
Sen. Lindsey Graham of South Carolina on Tuesday declared his independence from the pledge, saying, “We’re so far in debt, that if you don’t give up some ideological ground, the country sinks.”
Add to those voices seven other Republican U.S. senators — from Maine’s Susan Collins to Iowa’s Chuck Grassley to Wyoming’s John Barrasso — and 11 Republican House members, ranging from centrist New Yorker Richard Hanna to tea party Floridian Allen West.
In pedophile news, Jerry Sandusky had another bad day in court yesterday with three victims testifying that he manipulated and threatened them into putting up with his sick sexual behavior.
The trio of young men who testified against Jerry Sandusky on the third day of his sexual-abuse trial couldn’t have been more different in personality and temperament. Yet each of their testimonies was sexually graphic and disturbing—and midway through the prosecution’s fast-tracked arguments, a clear pattern has emerged in their allegations.
I’m not going to quote all of the sordid details–there are too many of them anyway. You can read it all at the link. I’ll just give you one excerpt that shows what Sandusky is all about:
Then, the witness told the jury of a time he visited the Sandusky home.
“We were in the basement. We were wrestling,” he said in a monotone frequently heard from abuse victims who have had to tell their stories multiple times. “The defendant pinned me to the floor, pulled down my gym shorts, and started to perform oral sex on me.” Asked by prosecutor Joe McGettigan what his reaction was at the time, the witness said, “I freaked out.”
“Did he ever say anything to you about it?” McGettigan asked.
“He told me if I ever told anyone I’d never see my family again,” the young man replied. “Later he apologized and said he didn’t mean it, that he loved me.”
I hope Sandusky goes to prison for life, and I want to see prosecutions of his enablers at Penn State. It’s an outrage that he was allowed to go on abusing children for years after many at the school knew about his behavior.
And then there’s the Catholic Church: U.S. Catholics still suspect priests sexually abuse children: Report
The National Review Board said that, a decade after the US Conference of Catholic Bishops issued a child protection charter, there has been a “striking improvement” in the way the Church deals with the abuse of minors by clergy.
“Children are safer now because of the creation of safe environments, and action has been taken to permanently remove offenders from ministry,” said the report, released as the Conference began its annual spring meeting in Atlanta.
But it acknowledged: “Despite solid evidence (to the contrary), many of the faithful believe that sexual abuse by clergy is occurring at high levels and is still being covered up by bishops.”
Well, what did they expect? I’m certainly not surprised. In fact I’d be surprised if there aren’t still pedophile priests abusing children.
I’ll end with the strange story of “Forest Boy.”
Berlin police on Wednesday released photos an English-speaking teenage boy who wandered into the city nine months ago saying he had been living for the last five years in the forest with his father.
Police spokesman Thomas Neuendorf said all attempts to identify the boy since he emerged in the German capital on Sept. 5 have been unsuccessful, and they are now hoping the release of his photo may produce some leads.
“We have checked his DNA against all missing person reports, sent the data to Interpol so that they could check it internationally, but unfortunately without any success,” Neuendorf said.
The boy has told authorities his father called him “Ray” and that he was born June 20, 1994, but claims not to know his last name or where he’s from.
He said his mother, Doreen, died in a car accident when he was 12 and after that he and his father, Ryan, took to the forest. He said they wandered using maps and a compass, staying in tents or caves overnight.
He told authorities that after his father died in August, 2011, he buried him in the forest and then walked five days north before ending up in Berlin, and showed up at city hall.
As of last night, the identity of the boy was still a mystery even after release of the photos.
What’s on your reading and blogging list today?
Yesterday, Minkoff Minx wrote a beautiful and eloquent post that described her personal experience of the tragic events of September 11, 2001. I was so grateful to read what she wrote, because she simply described her own experience and emotions about what happened. She didn’t try to speak for her husband or any of the the other survivors–just herself. She also shared some wonderful resources for getting in touch with how we felt on that day ten years ago, when our country was attacked by foreign terrorists.
On September 11, 2001, nearly 3,000 people lost their lives to terrorist attacks as they were either beginning their days at work at the World Trade Center and the Pentagon or traveling on airplanes scheduled to fly from Boston to Los Angeles, Washington D.C. to Los Angeles, and Newark to San Francisco. For the families and friends of those who died, life would never again be the same. Thousands of others, like Minx’s husband, survived, but their lives and those of their families were also forever altered.
Thousands more were either directly impacted by the trauma of witnessing the attacks close up from their homes in New York or Washington, DC. Thousands of first responders were also directly affected by the attacks and their aftermath, including people who traveled to NYC, DC, and PA to help search for survivors or to support first responders.
Those of us who helplessly watched the events as they played out on television were affected too, although few of us probably suffered from post-traumatic stress as a result. But we empathized with those who were directly impacted, and we felt the terrible shock of having our country attacked. I can remember how shocked I was that day. I was on vacation at a Rhode Island beach with my family. It was a gorgeous day and I was out sightseeing with my parents and my sister when we heard the news. My sister had spoken to someone in a museum store and heard that a plane had flown into the World Trade Center. We headed back to the beach house as we listened to reports on the radio. My brother and his wife were watching TV at the beach house when we got back.
For the next couple of days we quietly read newspapers or watched TV. My sister’s husband drove out from Indiana to get her because the planes weren’t flying and she was very frightened. I had to go back to Boston to start teaching classes a couple of days later, and I recall that I felt nervous and jumpy while driving alone. Like many others, I was fearful of more attacks. At the time, everything was so confusing, I didn’t know what to expect. I also felt shame that two of the planes used in the attacks flew out of Logan Airport in Boston.
Most of us probably have clear memories of where we were and what we were doing that day and following days. We’re told told Americans pulled together after September 11, 2001, although I don’t really recall feeling that myself. But I have no doubt that millions of people empathized with those who were directly affected. As I mentioned above, many people took action by traveling to the places that were attacked to help in any way they could. Nothing that has happened since can change the basic caring and good will of the American people.
Yet for the past week, I’ve felt anger every time I saw the upcoming anniversary of September 11 being hyped on TV–the endless replaying of the videos of the planes hitting the towers; the preachy fake patriotism of the talking heads; the sudden reappearance of disgraced politicians George W. Bush, Dick Cheney, and Donald Rumsfeld; the constant talk of “security” and the repetition of the words “the homeland,” which is so reminiscent of the Nazi term “the fatherland.” How could I not be angry after all that our government has done in the past ten years to supposedly avenge the lives lost on 9/11?
First there was the attack on Afghanistan, supposedly to catch Osama bin Laden. But when there was a chance to capture or kill bin Laden, Bush decided not to. Next came the barrage of lies from the Bush administration and from media sources like The New York Times and Washington Post, in order to get us into a second war in Iraq. Those wars have killed far more than 3,000 young American soldiers and perhaps hundreds of thousands of Iraqis and Afghanis–and for what? No effort was made to confront Saudi Arabia–where most of the perpetrators and the financial support for the attacks came from. Over the past ten years we have seen the progressive erosion of our Constitutional rights in the name of “security” and “safety.” We have learned that our government captured and imprisoned people–often completely innocent people–without evidence or charges at Guantanamo, at Abu Ghraib, at Bagram, and untold other prisons around the world. We know that many of these people were tortured and killed. Americans voted for Barack Obama in hopes that he would end the pointless wars and stop the rendition and torture. Instead, he has continued the wars and continued to rendition people to foreign prisons where they will be tortured. He has ordered drone attacks in Pakistan and Yemen. He has continued the erosion of our Constitution rights and defended the Bush administration at every opportunity. These are the reasons I felt angry at the jingoistic celebrations of the tenth anniversary of September 11, 2001.
And what has become of the survivors of the 9/11 attacks? Every effort was made to keep any compensation they received to a minimum. And what of the first responders who were exposed to the toxic environment at Ground Zero in NYC? They have been denied the help they need along with the recognition of what they suffered. The Bush administration resisted any investigation of why the attacks were not prevented, and when they finally allowed a 9/11 commission–largely because of the efforts of four 9/11 widows (The Jersey Girls), they kept the Commission from from going “too far” in holding anyone in the administration accountable.
It was healing for me to read Minkoff Minx’s post, because she spoke of her personal pain and losses and how she was living with the aftereffects. I was able to recall my pure memories of that day, and how I worried about the reactions of my students, how I tried to get discussions going in my classes so we could share our reactions. For a short time as I read yesterday morning’s post, I was able to recall the pure feeling of loss from that day ten years ago before the tragedy was twisted to start wars that would decimate our economy and pass laws that would erode our individual rights and freedoms.
Yesterday morning, Paul Krugman wrote a brief but heartfelt blog post expressing some of the feelings I’ve tried to express with my post today. I’m going to take the liberty of reproducing Krugman’s statement here:
September 11, 2011, 8:41 am
The Years of Shame
Is it just me, or are the 9/11 commemorations oddly subdued?
Actually, I don’t think it’s me, and it’s not really that odd.
What happened after 9/11 — and I think even people on the right know this, whether they admit it or not — was deeply shameful. The atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.
A lot of other people behaved badly. How many of our professional pundits — people who should have understood very well what was happening — took the easy way out, turning a blind eye to the corruption and lending their support to the hijacking of the atrocity?
The memory of 9/11 has been irrevocably poisoned; it has become an occasion for shame. And in its heart, the nation knows it.
For this brief blog post expressing his personal sadness over the way government, politicians, and media have twisted private tragedy to accomplish their own unrelated and corrupt ends, Paul Krugman has been attacked by right wingers and Islamophobics all over the internet. He has been called every name in the book for simply speaking his own truth. He has also gotten some support from liberal blogs, and other bloggers have discussed their own misgivings about the changes in our country after 9/11. I want to share a few of those reactions.
Nicole Belle at Crooks & Liars: While Thinking People Grapple With 9/11 Legacy, RWNJs Shoot The Messenger
Cliff Schecter at Al Jazeera English: 9/11 and Its Great Transformations
Kristin Breitweiser: No Place To Go But Up: Howard Schultz’ Upward Spiral 2011
Blue Texan at FDL: Krugman is Right: We Should Be Ashamed of What Happened After 9/11
Dave Weigel at Slate: Get Krugman!
I guess what I’m trying to say in this post is that ten years after September 11 2001, I still have faith in the basic goodness and caring of the American people, but I am even more suspicious of and cynical about the U.S. Government and the U.S. Media than ever before. I do think we need to be eternally vigilant, not about physical danger from foreign terrorists but from the constant psychological manipulations emanating from those who claim to be protecting and informing us.
FIRST JUXTAPOSITION: COMPARE AND CONTRAST
Huffington Post reported today that a little-known amendment in the new 9/11 health bill requires anyone who applies for benefits to be checked by the FBI to make sure they’re not terrorists.
The tens of thousands of cops, firefighters, construction workers and others who survived the worst terrorist assault in U.S. history and risked their lives in its wake will soon be informed that their names must be run through the FBI’s terrorism watch list, according to a letter obtained by HuffPost.
Any of the responders who are not compared to the database of suspected terrorists would be barred from getting treatment for the numerous, worsening ailments that the James Zadroga 9/11 Health And Compensation Law was passed to address.
It’s a requirement that was tacked onto the law during the bitter debates over it last year.
The letter from Dr. John Howard, director of the National Institute for Occupational Safety and Health, informs medical providers and administrators that they should begin letting patients know before the new program kicks in this July.
Yes, the people who risked their lives and their health to help after 9/11 will be treated like suspected terrorists by their government.
From Voice of America: Chernobyl’s Cleanup Crew Pay a Steep Price, 25 Years On
On April 26, 1986 a nuclear reactor at the Chernobyl plant caught fire and exploded, sending radioactive debris high into the sky. Aleksey Breus was an engineer at Chernobyl at the time of the explosion. He worked four straight days inside the plant after the explosion. He wore protective equipment, but still received a large dose of radiation.
According to Breus, all “lucheviki” – the Russian word surviving cleanup workers use for describing one another – have been left with one thing in common: illness and a lack of money to pay for medications. He says virtually all of them live in poverty.
Another Chernobyl worker, Aleksander Kramer, says he was one of the first to go into the plant after the explosion. Kramer, who now lives in Germany, remains angry at how he was treated by authorities in what was then the Soviet Union. From the very beginning, he says, the authorities doubted those claiming they were part of the clean-up effort.
And the suspicions have lingered. In 1993, Kramer says former rescue workers had to prove to Ukranian authorities “that their documents were not a sham and that their health problems were real.”
Remember when we were told over and over again that the United States was morally superior to the Soviet Union? What’s the difference again?
SECOND JUXTAPOSITION: COMPARE AND CONTRAST
Nixon had just come from a ten-day working holiday in San Clemente, where he found himself angered by the coverage given the Manson case in the local media. Many of the young, Nixon said in Denver, “tend to glorify and to make heroes out of those who engage in criminal activities.”
In Los Angeles, the effect of Nixon’s remarks on the Manson trial was instant and dramatic. While the Los Angeles Times came out the same afternoon with a four-inch headline reading MANSON GUILTY, NIXON DECLARES, Judge Charles Older went to great lengths to ensure that the jury, which has been sequestered since the trial began, would not learn of Nixon’s remarks. The windows of the jury bus were whited over with Bon Ami so that no juror could glimpse the headline on street newsstands. If the jury discovered Nixon’s verdict, the defense might have grounds for a mistrial.
Remember when Americans (and the media) cared when the President did something wrong?
WL Central, April 22, 2011: President Obama tells protestors that Bradley Manning “broke the law.”
Transcript and comments from WL Central:
“People can have philosophical ideas about certain things,” President Obama explains. “But, look, I can’t conduct diplomacy on open source.” He then goes on to add that he has to abide by certain classified information rules or law and if he had released material like Manning did he’d be breaking the law.
Now, here is the remark that deserves the most attention: “We’re a nation of laws. We don’t individually make our decisions about how the laws operate.” He adds, “He broke the law.” Finally, before removing himself from the conversation, he says Manning “dumped” information and “it wasn’t the same thing” as what Daniel Ellsberg did because what Ellsberg leaked “wasn’t classified in the same way.”
First, President Obama says Bradley Manning did it. It is not entirely clear that he did it unless you solely rely on the chat logs published by Wired magazine. Manning is the alleged whistleblower in the case. And, displaying this attitude that he is guilty before he actually is put on trial and convicted may prejudice Manning’s case.
That’s if Mr. Obama ever allows Bradley Manning’s case to go to trial. When is that going to happen? And when will today’s media be as outraged by Obama’s irresponsible remarks as the media of 1970 was at Nixon’s?