Monday Afternoon Open Thread: The Dust Bowl, The Return of Charles Pierce, and Mittenfreude
Posted: November 19, 2012 Filed under: 2012 presidential campaign, Mitt Romney, nature, open thread, U.S. Politics | Tags: Ann Romney, Benghazi, Charles P. Pierce, David Petraeus, Dust Bowl, Huckleberry Closetcase, Ken Burns, Maureen Dowd, Mittenfreude, North Dakota, PBS, Romney Readiness Project, Ross Douthat, Senator Grumpy, Susan Rice, Twilight Breaking Dawn 2 19 CommentsGood Afternoon Sky Dancers!
If you didn’t get to see the first half of Ken Burns’ documentary on the Dust Bowl last night on PBS, please be sure to watch it when you can. It was outstanding, although very painful to watch at times. I watched it with my mom. It brought back lots of memories for her, as she grew up in North Dakota in the Dust Bowl days. Toward the end of the show last night there was film of FDR visiting North Dakota to survey the damage. Most of the archival footage is from Oklahoma and Kansas, with lesser amounts from Colorado, Kansas, and Texas.
The second part of the documentary will be on tonight. I’m guessing this part will be less agonizing because it will cover Roosevelt’s efforts to deal with the greatest man-made ecological disaster in history. I hope it will cover the creation of the CCC and how the government supervised planting of lines of trees for windbreaks. You can still see them all over the Midwest. There are lots in Indiana. There must have been other scientific improvements to farming that I don’t know about.
I highly recommend watching the second part tonight if you can. I don’t think you need to watch them in order necessarily.
I’m so happy that Charlie Pierce is back from his interminable week-long vacation! He has some great pieces up today already.
This morning he weighed in on the Susan Rice witchhunt on yesterday’s Sunday talk shows.
Then he recommended that Ross Douthat and other who missed the ’60s
drop some brown acid, listen to the first Quicksilver album, or at least read more than two books before they start telling the rest of us how everything they would have loved about America, had they been alive then, went to hell in a handbasket the first time Ken Kesey sat down at a typewriter.
He gave us a title for the Petraeus scandal and some great nicknames for John McCain and Lindsey Graham.
Well, not much happened while we were gone. The entire national-security apparatus got together and decided to produce a remake of the famous 1989 Helen Mirren vehicle, The Cook, The Thief, The Wife, Her Lover, The General, His Wife, The Other Woman, The Other Other Woman, The Other General, and The Lovesick Shirtless FBI Guy. In the other half of the double feature, we have Senator Grumpy and his sidekick, Huckleberry Closetcase, yelling about Benghazi while Harry Reid contemplates turning a garden hose on them to cool them down.
And then he beat up on Maureen Dowd for her nasty Sunday column on Susan Rice.
let’s pause for a moment and mark the return of airy dementia to the prose of one M. Dowd, of The New York Times, who decided to unlimber herself on the Bigger-Than-Watergate-Teapot Dome-Crédit Mobilier-The-Combined scandal surrounding what the gnomes in John McCain’s head think happened in Benghazi. Notably piquant is this passage in which Ms. Dowd wonders whether or not the president and his staff are as shallow and muddleheaded about politics as she is.
And MoDo will absolutely hate the photo that accompanies the post. I’m sooooo glad Pierce is back!
I have to admit, I’d like to stretch out the Mittenfreude, so I have a few Romney links for you.
TMZ caught Mitt and Ann going to see teen chick flick Breaking Dawn yesterday. I knew those two were immature, but I guess I didn’t realize how immature.
NBC News has a piece about what Romney and Ryan would have been doing this week if they hadn’t been beaten in a landslide on November 7.
If Mitt Romney had won the presidential election, insiders say, it’s not hard to imagine what he and his number two, Wisconsin Rep. Paul Ryan, would have been tackling on this very day.
An extensive preparation plan dubbed the “Romney Readiness Project,” pulled together by the GOP nominee’s team and no longer of any use, offers detailed insight into how ready he was to take the reins, the sources told NBC News.
Romney and Ryan each had office space set aside for them at a transition office in southwest Washington, D.C., where former Utah Gov. Mike Leavitt led a team of hundreds of advisers tasked with crafting an ambitious agenda for the Republican’s first 200 days in office.
Insiders describe a well-prepared transition that was ready to hit the ground running on Nov. 7, and begin the work of fashioning a Romney government.
Hahahahahahahahahaha!! I’m sure glad we dodged that bullet!
Finally, Kevin Drum calls Romney “Officially the Most Hated Man in America,” and all because the articulated what most Republicans believe–that about half of the American people are worthless layabouts who don’t deserve to eat, live indoors, or have health care when they get sick.
What are you reading and/or hearing?
North Dakota Senate Candidate Rick Berg: Todd Akin on Steroids
Posted: September 4, 2012 Filed under: 2012 elections, fetus fetishists, PLUB Pro-Life-Until-Birth, the GOP, U.S. Politics, War on Women, Women's Healthcare, Women's Rights | Tags: abortion, Class AA felony, Heidi Heitkamp, homicide, incest, minimum wage, murder, North Dakota, Paul Ryan, rape, Rep. Rick Berg, Republican National Convention, Senate candidates, Todd Akin 30 CommentsRick Berg is currently the at-large Representative for North Dakota, and is running for the Senate seat held by retiring Senator Kent Conrad. Yesterday evening, Buzzfeed reported that in 2007, when Berg was a state representative, he voted for a bill that would make abortion a “Class AA felony,” punishable by life in prison without parole. This penalty would be applied to a woman who obtained and abortion and anyone who helped her do so. Here’s the relevant text from Think Progress:
A new section to chapter 12.1-16 of the North Dakota Century Code is created and enacted as follows:
Intentional termination of human life – Preborn children. A person is guilty of a class AA felony if the person intentionally destroys or terminates the life of a preborn child. A person that knowingly administers to, prescribes for, procures for, or sells to any pregnant individual any medicine, drug, device, or other substance with the specific intent of causing or abetting the termination of a preborn child is guilty of a class AA felony.
Here let me introduce you some kratom samples to try out, suppliers, exporters, importers, buyers, sellers, dealers, distributors and commission agents worldwide.
A person that intentionally or knowingly aids, abets, facilitates, solicits, or incites a person to intentionally destroy or terminate the life of a preborn child is guilt of a class C felony. For purposes of this section, “preborn child” includes a human being from the moment of fertilization until the moment of birth.
The bill contains a separate section that says that a doctor who “provides health care” to a pregnant woman must “make every effort” to save both mother and fetus. If there is “accidental or unintentional injury” during this care, the doctor is not guilty of homicide. But the bill doesn’t specify whether the health care could include an abortion or whether the women who sought the abortion would still be considered a murderer.
According to Think Progress,
Berg was quick to denounce the comments of a fellow Senate Candidate, Rep. Todd Akin (R-MO), when he claimed that a woman couldn’t get pregnant from “legitimate rape.” Berg called the statement “insulting and reprehensible,” and “condemn[ed] them in the strongest terms possible.”
But like vice presidential candidate Paul Ryan, Berg didn’t indicate to the media that he essentially agrees with Akin that a woman who is impregnated through rape or incest should be forced to carry the perpetrator’s child against their will. I was somewhat shocked to learn that Rick Berg’s wife is a primary care doctor.
But the most shocking part of this story is that Rick Berg was given a brief speaking role at last week’s Republican National Convention. From the Bismark Tribune:
North Dakota Republican U.S. Senate candidate Rick Berg got a few moments in the spotlight at the Republican National Convention on Tuesday.
The Republican congressman spoke for two minutes about North Dakota’s low unemployment, job growth and state budget surplus. He says North Dakota provides a contrast to the sluggish national economy.
Berg says North Dakota doesn’t “burden our job creators with red tape” and that people “trust the individual, not big government.”
Here’s Ed Schultz talking about Berg, who is a millionaire, and admitted he didn’t know what the minimum wage is.
Fortunately, Berg has a Democratic opponent, former North Dakota Attorney General Heidi Heitkamp. In a poll taken in late July, Heitkamp was leading Berg by 6 points. Unfortunately, it’s not clear what Heitkamp’s views on abortion rights. I’ve posted a video of her below. She sounds fairly conservative, but she would obviously be far better than Rick Berg!
Here’s her website.
Forget Texas, check out North Dakota
Posted: December 26, 2011 Filed under: commercial banking, financial institutions | Tags: Bank of North Dakota, North Dakota, State Bank 12 CommentsThe problem with a market-based system is the variety of ‘frictions’ that exist when a specific good or service doesn’t line up with the conditions that need to exist in a perfect market. The
assumptions for perfect market capitalism are rather daunting. They are nearly as daunting as the conditions for a centrally planned government like that tried by the Soviets. There have to be thousands–if not millions–of buyers and sellers who have no control over the market’s price or quantity produced. This pretty much rules out all our nation’s markets with the exception of a few commodities. These buyers and sellers produce and sell products and services that are all the same so no one cares who they buy from or sell to because it’s all the same. This means no product or service differentiation. Advertising does no good because there’s nothing that separates one good or service from any other. Labels don’t matter. Sizes, shapes, and colors are all uniform. There is no difference between the information available to buyers and sellers. That means there’s no insider information on any one’s part. There is also no way to cheat or beat a market. The only thing you can compete on if you’re a business is productivity and cost curves. That’s the kind of markets that may have existed some 200 years ago when commodities ruled the planet but it in no way reflects any market today.
Because frictions exist, a role for government in markets exists. It can be one of regulator or one of service/good provider. There is a branch of economics that specifically studies which kinds of goods and services must be provided by government because otherwise they would be provided to only the very rich–like education or health services–or they wouldn’t be provided at all because there is no profit in providing the good. There are also goods that once they are provided for one person are used by many others. This is the so-called free rider problem and the provision of military defense is usually the prime example of this type of government good. Another problem deals with the idea of “the commons” which basically led to an old problem in North Dakota like over hunting and near extinction of the American Bison.
The provision of a public payment system–much like a mail system–is one such good that many economists feel has a public good component. This is why many countries supplement private banking systems with government banks. Blended banking systems are pretty common in the Asian countries. Interestingly enough, there is one state with a state bank. It’s the one state in the union that made it through the global recession relatively unscathed. That would be North Dakota.
North Dakota has been called an economic miracle. It has outpaced every other state during the worst of the recession. North Dakotaas the lowest unemployment rate and the fastest job growth rate in the country. This data is provided in a NYT article by Catherine Rampell.
According to new data released by the Bureau of Labor Statistics today, North Dakota had an unemployment rate of just 3.3 percent in July — that’s just over a third of the national rate (9.1 percent), and about a quarter of the rate of the state with the highest joblessness (Nevada, at 12.9 percent).
North Dakota has had the lowest unemployment in the country (or was tied for the lowest unemployment rate in the country) every single month since July 2008.
Its healthy job market is also reflected in its payroll growth numbers. North Dakota had 19,700 more jobs in July than it did during the same month last year.
That probably sounds like small potatoes when you look at Texas, which had 269,500 more jobs last month than it did a year earlier. But Texas is a much bigger, more populous state, and had many more jobs to begin with. In terms of percentage growth, North Dakota has a better record: year over year, its payrolls grew by 5.2 percent. Texas came in second, with an increase of 2.6 percent.
There are some more interesting facts here. Yes, there is oil in North Dakota but that’s not the only thing driving its economy.
Alaska has roughly the same population as North Dakota and produces nearly twice as much oil, yet unemployment in Alaska is running at 7.7 percent. Montana, South Dakota, and Wyoming have all benefited from a boom in energy prices, with Montana and Wyoming extracting much more gas than North Dakota has. The Bakken oil field stretches across Montana as well as North Dakota, with the greatest Bakken oil productioncoming from Elm Coulee Oil Field in Montana. Yet Montana’s unemployment rate, like Alaska’s, is 7.7 percent.
A number of other mineral-rich states were initially not affected by the economic downturn, but they lost revenues with the later decline in oil prices. North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008. Its balance sheet is so strong that it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts. It also has the lowest foreclosure rate and lowest credit card default rate in the country, and it has had NO bank failures in at least the last decade.
If its secret isn’t oil, what is so unique about the state? North Dakota has one thing that no other state has: its own state-owned bank.
Access to credit is the enabling factor that has fostered both a boom in oil and record profits from agriculture in North Dakota. The Bank of North Dakota (BND) does not compete with local banks but partners with them, helping with capital and liquidity requirements. It participates in loans, provides guarantees, and acts as a sort of mini-Fed for the state.
Yes, you read that right. North Dakota is the only state in the union that has a mini-Fed. It’s one of the reasons that the credit crunch didn’t impact the state the way it didn’t the rest of the country. North Dakota’s Banker stepped in when other banks didn’t or couldn’t to help the state’s businesses.
Over the last two years officials and advocacy groups in more than 30 states have called the Bank of North Dakota, where he is chief executive officer, to ask: How does the country’s only state-owned bank work? “As the financial crisis deepened and there were liquidity issues around the country,” says Hardmeyer, “our model was looked at a little bit deeper than it ever had been before.”
The Bismarck-based bank was founded in 1919 to lend money to farmers, then the state’s biggest economic contributors, and retains its socially minded ethic by subsidizing loans for those it believes will stimulate growth: startup businesses and beginning farmers and ranchers. The borrowers apply for the loans through one of the state’s 100-plus local banks and credit unions. If they qualify, the community lender issues the loans at the market rate; the borrowers pay a fraction of the interest, with the Bank of North Dakota covering most of the difference. How can the state bank afford the subsidies? Profit isn’t its first priority. “We have a specific mission that we’re trying to achieve,” says Hardmeyer, “that’s not necessarily bottom-line driven.”
Which is not to say the bank, which has assets of $5 billion, isn’t a moneymaker. Much of its income comes from helping local banks extend credit to borrowers. If a bank wants to share the risk of a loan, the Bank of North Dakota will cover part of it. The state bank then collects interest from the commercial bank at the going rate. In 2010 its profit hit $61.85 million, up 44.3 percent from 2006.
That’s nice, but here’s the real reason politicians across the country are contacting Hardmeyer: North Dakota’s legislature has the authority to tap the bank’s profits to fund government programs during tough times. Since 1945 the state has collected $555 million from the bank.
Of course, the bank has many Republicans crying “Socialism” and the usual hubris you get from bank that really don’t like competition and prefer bonuses and bail outs. The problem is that it’s difficult to argue with results. That is why 13 states–including California–are seriously studying setting up their own state banks. What many critics refuse to discuss is that this institution is not meant to supplant the private banking system. Modified market systems work well with varying degrees of government participation. Some markets function extremely well with a limited government role. The financial system is unique. The finance literature argues that if markets were perfect, banks wouldn’t actually exist. There would be no reason for them. Most of the research tries to actually find meaning in the existence of banks because they are essentially a parasite that attaches to a dysfunctional market that’s riddled with poor information and risk. They can improve both situations or they can exacerbate them. That is why there is some government role and arguably, some government functions within financial markets. The challenge is to find which things the market can do well and the circumstances where the markets function and keep the government role active where failures and frictions create the need for a government role.
It’s possible that North Dakota has found the golden mean.
Monday Reads
Posted: December 12, 2011 Filed under: China, Drone Warfare, Foreign Affairs, Iran, morning reads, Pakistan, Russia, Sky Dancing Blog, U.S. Economy, U.S. Military, U.S. Politics | Tags: Ann Coulter, children in poverty, consumer demand, Depression, drones, General Manuel Noriega, Hillary Clinton, jobs, Mitt Romney, New Orleans, Newt Gingrich, North Dakota, Obama's wars, Pakistan, Panama, rich people, Trade agreements, unemployment, weather 24 Comments
Good Morning!
We’ve had some cold gloomy weather down here in New Orleans. I hope all those bowl game tourists brought their coats. It’s made for a depressing weekend. It seems like most of the news I’ve been finding matches the weather too. Another presidential election year is upon us and we’re looking at the Grinch getting the Republican nomination. Soon, all poor children will be required to mine the coal so the Grinch can place them in every one’s stockings. Well, that’s the east coast poor children. Those poor children in the middle of the country will be fattening up turkeys for the 1 percent to eat. I’ll bet Mitch can make a $10,000 bet on which of the kids will have it worse!
First up is an interesting read from the Business Insider that once again shoots down the meme that the rich create jobs. There are so many economic fairy tales around these days it’s hard to know which one to shoot down next. The bottom line is pretty much something we’ve talked about for some time. If you build it and no one comes, you don’t create anything but one more bankruptcy. It’s the consumer demand that creates economic growth.
The most important reason the theory that “rich people create the jobs” is absurd, argues Nick Hanauer, the founder of online advertising company aQuantive, which Microsoft bought for $6.4 billion, is that rich people do not create jobs, even if they found and build companies that eventually employ thousands of people.
What creates the jobs, Hanauer astutely observes, is the company’s customers.
The company’s customers create demand for the company’s products, which, in turn, creates the need for the employees to produce, sell, and service those products. If those customers go broke, the demand for the company’s products will collapse. And the jobs will disappear, regardless of what the entrepreneur does.
That’s actually some good common sense but it’s backed up by economic theory. Supply without demand just rots in the fields and molds in the warehouse. Which brings me to Paul Krugman who says it’s time to call this economic situation a depression. That’s also something we’ve bandied about here. I’d say skydancers are pretty prescient, wouldn’t you?
It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutions are increasingly discredited. And democratic values are under siege.
On that last point, I am not being alarmist. On the political as on the economic front it’s important not to fall into the “not as bad as” trap. High unemployment isn’t O.K. just because it hasn’t hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.
Krugman takes the rest of the column outlining some of the abysmal politics and economics in Europe. I just keep checking the calendar to see if we some how time tripped back to the 1930s and some how forget what we learned the last time out. Looking at things from a war build-up point a view, there’s this link to “Obama Raises the Military Stakes: Confrontation on the Borders with China and Russia” from Global Research. This is how some leftwing thinkers see the latest in US outreach in Asia.
November 2011 is a moment of great historical import: Obama declared two major policy positions, both having tremendous strategic consequences affecting competing world powers.
Obama pronounced a policy of military encirclement of China based on stationing a maritime and aerial armada facing the Chinese coast – an overt policy designed to weaken and disrupt China ’s access to raw materials and commercial and financial ties in Asia . Obama’s declaration that Asia is the priority region for US military expansion, base-building and economic alliances was directed against China , challenging Beijing in its own backyard. Obama’s iron fist policy statement, addressed to the Australian Parliament, was crystal clear in defining US imperial goals.
“Our enduring interests in the region [Asia Pacific] demands our enduring presence in this region … The United States is a Pacific power and we are here to stay … As we end today’s wars [i.e. the defeats and retreats from Iraq and Afghanistan]… I have directed my national security team to make our presence and missions in the Asia Pacific a top priority … As a result, reduction in US defense spending will not … come at the expense of the Asia Pacific” (CNN.com, Nov. 16, 2011).
The precise nature of what Obama called our “presence and mission” was underlined by the new military agreement with Australia to dispatch warships, warplanes and 2500 marines to the northern most city of Australia ( Darwin ) directed at China . Secretary of State Clinton has spent the better part of 2011 making highly provocative overtures to Asian countries that have maritime border conflicts with China . Clinton has forcibly injected the US into these disputes, encouraging and exacerbating the demands of Vietnam , Philippines , and Brunei in the South China Sea . Even more seriously, Washington is bolstering its military ties and sales with Japan , Taiwan , Singapore and South Korea , as well as increasing the presence of battleships, nuclear submarines and over flights of war planes along China ’s coastal waters. In line with the policy of military encirclement and provocation, the Obama-Clinton regime is promoting Asian multi-lateral trade agreements that exclude China and privilege US multi-national corporations, bankers and exporters, dubbed the “Trans-Pacific Partnership”. It currently includes mostly smaller countries, but Obama has hopes of enticing Japan and Canada to join …
Obama’s presence at the APEC meeting of East Asian leader and his visit to Indonesia in November 2011 all revolve around efforts to secure US hegemony. Obama-Clinton hope to counter the relative decline of US economic links in the face of the geometrical growth of trade and investment ties between East Asia and China .
Pakistan is threatening to shoot down all US drones. Tis the season to be jolly!!!
According to the new Pakistani defense policy, “Any object entering into our air space, including U.S. drones, will be treated as hostile and be shot down,” a senior Pakistani military official told NBC News.
The policy change comes just weeks after a deadly NATO attack on Pakistani military checkpoints accidentally killed 24 Pakistani soldiers, prompting Pakistani officials to order all U.S. personnel out of a remote airfield in Pakistan
I wonder if people in North Dakota have the same option? Here’s the Daily Mail headline on your Daily Moment of Orwell: Local cops using Predator drones to spy on Americans in their own backyards.
One of the only confirmed uses of predator drones by local law enforcement came in June when a sheriff near Grand Forks, North Dakota, went looking for six stolen cattle.
When he arrived at the farm of Rodney Brossart, he was threatened by three men with guns and forced to retreat.
The Brossarts were known for being armed, anti-government separatists. So Sheriff Kelly Janke, who patrols a county of just 3,000 people, called in a Predator drone to look out over the 3,000-acre farm where the family was armed with rifles and shotguns.
With the help of a drone, summoned from nearby Grand Forks Air Force Base where it was patrolling the US-Candida border, the sheriff was able to watch the movements of everyone on the farm from a handheld device that picked up the aircraft’s video footage.
He and his deputies waited until they could see the Brossarts put down their weapons. Then they stormed the compound and arrested Rodney Brossart, his daughter and his three sons on a total of 11 felony charges. No shots were fired.
And he recovered the cattle, valued at $6,000.
The sheriff says that might not have been possible without the intelligence from the Predators.
‘We don’t have to go in guns blazing. We can take our time and methodically plan out what our approach should be,’ Sheriff Janke told the Times.
All of the surveillance occurred without a search warrant because the Supreme Court has long ruled that anything visible from the air, even if it’s on private property, can be subject to police spying.
Back to the Grinch that’s stealing Willard’s inevitability.
The NBC News-Marist polls showed Gingrich leading Romney in South Carolina by 42 percent to 23 percent. An October poll by the same organizations showed Gingrich at 7 percent in the Palmetto State. In Florida, Gingrich leads Romney 44 percent to 29 percent. There Gingrich has gained 38 percentage points since October.
The rapid movement highlights the remarkable rise of Gingrich as the caucuses and primaries near. Republican voters have shifted allegiances repeatedly this year and a number of state polls have shown that they are not firmly locked in behind any candidate at this point.
In New Hampshire on Sunday, Romney picked up the endorsement of Manchester Mayor Ted Gastas. But he was the target of a scathing editorial in the Union Leader, which earlier endorsed Gingrich. The headline read “Romney’s desperate hours.”
January’s coming and sooner or later, some of these folks are going to run out of money. There seems to be quite a few irrelevant candidates in the race right now. Maybe super Jeb is waiting in the wings? So here’s a good way we now MIttens is tres desperate. Here’s the TPM headline: Romney Presses Ann Coulter Into Surrogate Duty.
Turn on the radio here and you’re going to get a taste of how hard Mitt Romney is working to stamp out Newt Gingrich’s support with conservatives.
In a new radio ad launched by the Romney campaign in Iowa last week, Romney turns to conservative fire-breather Ann Coulter to make the case that he’s the most electable candidate in the Republican race. Having made a living off saying things that no politician would likely wish to be closely associated with, it’s an interesting choice — and a sign that Romney is going all out to cast himself as the more pure conservative choice to Gingrich.
Coulter endorsed Romney a month ago (after dissing him before that) and the Romney ad grabs a clip of her talking up her candidate on Fox and Friends in November.
Here’s a ghost of nightmares past. Noriega has been extradited to Panama for trial. The link goes to a BBC TV report.
The former leader of Panama, General Manuel Noriega, has returned to his home country 22 years after being forcibly removed from power by the US.
The 77-year-old was extradited from France, where he had been in prison on money laundering charges.
He is likely to spend the rest of his life in jail after being convicted in absentia for murder, corruption and embezzlement while he was in power.
OOOH, baby it’s cold outside.
What’s on your reading and blogging list today?









Recent Comments