Thursday Reads: Abiding in the Afterglow
Posted: November 9, 2017 Filed under: Afternoon Reads, Candidate diversity | Tags: 2017 elections, Immigrant Rights, Minority Rights, Reclaiming OUR Time, Trumpism, Women's Rights 21 Comments
Good Afternoon
Sky Dancers!
My Nana used to talk a lot about the afterglow. She was quite spiritual and used it all the time as a metaphor for the abiding peace that comes when you just relax and enjoy the goodness at the end of the day. Today, I am abiding in the afterglow and the peace that comes with the realization that the Resistance is real and that it’s turned into more than giant marches and social media screeds.
It’s turned into votes and elected officials. It’s turned the diversity and decency inherent in modern America into the distinct faces replacing white republican men. It’s a newly elected Sikh mayor and the newly elected Liberian immigrant mayor; a brown and black face for Hobokken, New Jersey and Helena, Montana repectively. These are faces of American immigrants both. Topeka, Kansas elected a Latina for its Mayor. Michelle DeLaIsla is also a single mother.
Elections on Tuesday turned into the faces of black woman who followed in the steps of Rosa Parks and refused to sit peacefully in the back of the bus. They are now going to control exactly where that bus can go. The afterglow is the face of the GLBT community and others that have worked tirelessly for their right to the American vision of liberty and justice for all.
The voice of the majority of voters went unheeded a year ago. Tuesday night, the votes of the majority sent waves of hope for peace and justice through out the world. We showed the world that we shall overcome. I do not vote until November 18th, but my vote will be part of the history of New Orleans when we elect our first Black Woman to the office of Mayor in our runoff.
Barrier-breaking candidates won races across the country on Election Day this year. The results were a parade of “firsts” from New Hampshire to North Carolina to Montana as women, people of color, and LGBTQ candidates became the first to win elections in their respective contests.
Cities in Minnesota and Montana elected their first black mayors, and Charlotte, North Carolina, elected a black woman as mayor for the first time. Virginia elected its first Latina and Asian-American delegates. Transgender candidates won races in Virginia, Minnesota, California, and Pennsylvania.
Tuesday was a big night for Democrats — and these historic “firsts” show that the party can run a diverse slate of candidates and win.
The results were astounding to all but confused Republican White men who doubled down on Trump and white grievance politics. Their leadership continue to seek policies that help the upper 1% of the 1% while yet another group wanting to get out of the line for the slaughterhouse ran away from the rest of the sheep.
The midterm elections do not appear to favor the sheep.
Distressed Republicans say Democratic victories across the country on Tuesday night show their congressional majorities are at risk in next year’s midterm elections.
Sen. John McCain (R-Ariz.) said he “predicted” the rough election night and said the party needs to make changes quickly before the midterms arrive.
“Unless we get our act together, we’re going to lose heavily,” he said.
The results offered fresh evidence of a political backlash against President Trump, which several Republicans said, in combination with a failure to win legislative victories, could cost the party the House majority.
“The best way to get run over by this train is to stand still,” said Rep. Tom Cole (R-Okla.), a former chairman of the National Republican Congressional Committee (NRCC).
Next year’s map makes it much tougher for Democrats to win back the Senate, since Republicans are only defending eight seats compared to 25 for Democrats. In the House, Democrats would need to gain two dozen seats to win back the majority.
House Republicans in swing districts acknowledged that showing independence from Trump will be critical. Some of the 23 GOP lawmakers who represent House districts carried by Democratic presidential nominee Hillary Clinton insist they can again convince local constituents to support them.
The People’s President is the one with the coattails. The best explanation that I heard all day about the race came from two Never Trumpers on MSNBC. Nicole Wallace and Steve Schmidt were nearly as jubilant as any Democrat on the network. Wallace said she had to mute the TV any time Trump was on and her five year old was in the room. She explained that the white suburban women vote had to come from every parent who doesn’t want that kind of person as President. Schmidt suggested that it was such a coalition of diverse interests voting against Trumpism that felt like a wave from the decent people of America. The polls showed a combination of anti-Trumpism and fear of losing Health Care as central to many voters. But we also learned that a huge swath of Americans are following the Russian situation.
I give you an op ed from the Paducha Sun.
Chances are you’re not familiar with the name Andrew Weissmann. That’s likely to change.
He’s the top lieutenant in Special Counsel Robert S. Mueller’s investigation of potential collusion between Russia and the presidential campaign of Donald Trump. He’s also the man most directly involved in the indictment of former Trump campaign manager Paul Manafort.
Weismann, 59, is known as the most aggressive and controversial member of Mueller’s team.
Remember the pre-dawn raid by a dozen FBI agents on Manafort’s home back in August? That’s something rarely done in white-collar crime cases. It was Weissmann’s way of sending an unambiguous message to Manafort: We are going to nail you.
Weissmann, who has two Ivy League degrees, is admired for his intelligence and skill as a prosecutor, particularly his talent in getting witnesses to flip and provide critical information. He served as chief of the criminal fraud section of the U.S. Department of Justice before taking leave to join the Russia probe.
A recent New York Times story, which dubbed him a “legal pit bull,” said he’s “an expert in converting defendants into collaborators — with either tactical brilliance or overzealousness, depending on one’s perspective.”
The story added, “It’s not clear if President Trump and his charges fear Mr. Weissmann as they gird for the slog ahead. It is quite clear, former colleagues and opponents say, that they should.”
His reputation for gaining witness cooperation was acquired in two high-profile cases.
One was prosecuting mob bosses in Brooklyn two decades ago. Weissmann persuaded a prominent Mafia hitman, Salvatore “Sammy the Bull” Gravano, to testify against Vincent “The Chin” Gigante, leader of the Genovese crime family, leading to his conviction.
The other followed the collapse of energy giant Enron in 2001. Weissmann helped gain fraud convictions of multiple executives by again showing his ability to convince witnesses to give damaging testimony.
The Manafort indictment disclosed Monday has been criticized because the charges do not appear related to alleged collusion with Russia. Instead, Manafort is accused of money laundering and not paying taxes well before he joined the Trump campaign.
Those critics, who include Sen. Rand Paul, complain of prosecutorial overreach.
They apparently are not aware of the way Wiessmann seeks to maximize leverage with defendants. If he can persuade Manafort that he is at risk of spending all of his remaining years in federal prison on those charges — unless agreeing to become a prosecution witness — he is far more likely to obtain valuable information regarding any campaign ties to Russia.
People who speak highly of Weissmann applaud him for pushing legal boundaries to win his cases. They say his use of hardball tactics demonstrates his determination to obtain vital evidence.
The Op-Ed continues by saying he’s Trump’s Number 1 Problem. Well, that and the barrage of white male privilege on display daily among the Trump cadre. No amount of economic data, study, and acceptance by every economist of all parties and ideologies kills the idea that giving freaking rich people tax breaks is going to absolutely make the rest of us better off. It doesn’t do it. Never will. Never … never … never … never ….
White House economic adviser Gary Cohn nearly quit the administration over President Trump’s equivocations about a Nazi rally in Charlottesville, and then was denied his dream of becoming the chairman of the Federal Reserve. Now all that remains of his political dreams is a gigantic tax cut for owners of capital. But Cohn is not necessarily the most skilled messenger for this agenda, either. Having spent his career communicating to other extremely wealthy people, he seems to be at sea at the task of pretending this agenda is actually aimed at average working people, which is the essential skill set of Republican politicians.
In a new interview with John Harwood, Cohn is forced into a series of admissions he probably should not be making. He concedes the White House is not, on the whole, a fine-tuned machine:
GARY COHN: I learned a lot about being confident, about learning how to succeed. I did get introduced to the financial markets while I was in college. And I think I learned also how to sort of filter out all of the non-rational, or non-sensible noise, and sort of concentrate on what matters, and that’s really what markets are about. Separate the rational from what the irrational, separate what matters now to what doesn’t matter now.
JOHN HARWOOD: I think most people looking from the outside see more irrational stuff happening in this White House than in any White House that they’ve seen
GARY COHN: I’m involved in the economic side of the White House.
It’s not the least bit amazing to me that not even the new Fed head appointment will be an actual economist because no actual economist would said anything like this unless his name is Arthur Laffer and he lost his cred years ago hanging on to his failed hypothesis. Cohn has only a BS, is an investment banker, and basically studied real estate development and investing. He speaks with no actual authority on economic policy. The Fed Chair nominee–who will be up in front of the Senate on November 28–is really a big unknown other than he’s got a law degree and a degree in poly sci. Check out Jerome Powell. While Wall Street churns out high returns based on a tax law that gives them more gambling profits, I continue to worry about what happens if any Trumpism policy hits its mark.
The period of uncertainty is over. President Trump is going to nominate Jerome Powell to be the next Chairman of the Board of Governors of the Federal Reserve System.
So, what have we got?
Well, the papers have been full of articles on the appointment and on Mr. Powell himself. It is not that he is an unknown since he has served on the Board of Governors of the Fed since 2012, has been an Under Secretary of the Treasury and has been employed on Wall Street and in Washington, D. C.
Yet, the analysis of him leaves you basically in the dark.
Mr. Powell is supportive of the goals assigned to the Federal Reserve by the US Congress, to achieve high levels of employment and low levels of inflation. He has never dissented on the Board in 44 meetings he has attended. The one thing he gained attention from while serving on the Board was his stance on the ending of the Fed’s bond buying program connected with the end of quantitative easing.
Perhaps the most apt description of Mr. Powell’s way of doing things is that he is… pragmatic.
Jeremy Stein, an economist at Harvard University and who served as a Federal Reserve Governor with Mr. Powell, describes the future nominee as“remarkably undogmatic.”
Mr. Stein goes on, “He listens more than he talks.”
Mr. Powell is given high marks for being a serious student who studies hard in areas that he is not an expert in and seeks advice. He works well with people and makes things happen in his quiet way. Much of what he has accomplished has been out-of-the-spotlight without a great deal of fanfare.
I’m not going to mention the authoritarian-curious Trump who is currently ass kissing the despot in China. I’m going to end with this essay by Ezra Klein at Vox. “For elites, politics is driven by ideology. For voters, it’s not. Committed liberals and conservatives don’t realize how weird they are.” Oh, I do realize, Ezra, I do … I do … I do…
You are weird. I am very weird. And the worst part is, we don’t really recognize how weird we are.
That’s the basic argument of Donald Kinder and Nathan Kalmoe’s Neither Liberal nor Conservative: Ideological Innocence in the American Public. Their study begins with a famous paper by political scientist Philip Converse titled “The Nature of Belief Systems in Mass Publics.” The nature of those belief systems, Converse concluded, was that they really weren’t systems at all. The overwhelming majority of Americans were free of anything that resembled coherent liberal or conservative ideologies — indeed, only “about 17 percent of the public could both assign the terms ‘liberal’ and ‘conservative’ correctly to the parties and say something sensible about what the terms meant.”
Which isn’t to say that voters didn’t have opinions, much less party and group loyalties. They did, and they do. But the internally coherent (or at least semi-coherent) ideological frameworks that drive the activities of politicians, pundits, and other political actors are foreign to most voters.
Converse’s basic findings have been replicated in a number of different studies done over the past 50 years, and Kinder and Kalmoe extend on them here. In a telling bit of research, they scoured massive election surveys to see what bearing self-reported ideology had on policy opinions on issues ranging from LGBTQ rights to health care to foreign aid to Social Security. The answer, across years ranging from 1992 to 2009, was basically none — “ideological differences,” they reported, “have little influence over opinion on immigration, affirmative action, capital punishment, gun control, Social Security, health insurance, the deficit, foreign aid, tax reform, and the war on terrorism.”
There were two glaring exceptions: LGBTQ rights and abortion. But the exceptions were so stark that Kinder and Kalmoe wondered if they were missing something, and they had a theory of what it might be: religion. So they ran the data again, “adding measures of faith, religiosity (the degree to which Americans take their faith seriously), and group sentiments to the model.” Once they did that, the effect of ideology all but disappeared.
So this, then, is the bottom line: Most voters aren’t ideologues, and even accounting for that, most ideologues aren’t particularly ideological.
So, since we are weird, I suggest you read about the control factors.
I’m going to spend the day grading papers. I’m hoping it’s a little better than the last batch where I was regaled by so much basic ignorance of trade I was about to scream. I’m back teaching undergrad econ for awhile and I just had a student use the World Daily News as an “academically acceptable” source and based a lot of his argument on his father’s friend’s thoughts that works at a steel factory. I gently explained that when you’re going to do an expository essay on the impact of trade you have to back up your assertions like this: “NAFTA’s Impact on the U.S. Economy: What Are the Facts?” from Knowledge@Wharton. You can go read all the facts and data and pros and cons. I’m just going to quote the last paragraph.
Blaming NAFTA for all of these disturbing problems may make some NAFTA critics feel good, but as trade researchers have learned in recent years, the growing complexity of today’s economic challenges defies any simplistic explanations.
The part I highlighted basically sums up my thoughts on all the crap coming out of the Trump Fiscal policy regime. You could also substitute just about any word–including what gets souls to the polls– for ‘today’s economic’. What’s on your reading and blogging list today?
Bask in the afterglow.
Women Rightfully Take to The Street
Posted: July 10, 2013 Filed under: just because | Tags: religious right republican war on women, Women's Rights 10 CommentsIt’s become painfully obvious that women still lack a voice in legislatures around the country and in governor’s mansions as state after state find sneaky, undemocratic, underhanded ways to undercut our civil liberties, our constitutional rights and our autonomy in red state after red state. The christofascist wing of the Republican Party has snuck drastic anti-women’s health laws in many states. I passed a billboard today on a local Catholic church reading “More Planned Parenthood means more abortion”. I wanted to stop and spray paint “More Catholic Churches mean more Child Rape” because it makes as much sense. Women are taking to the street and need to do so in greater numbers.
North Carolina House Republicans are pushing legislation that would restrict abortion access, attaching the measure to an unrelated motorcycle safety bill on Wednesday and giving neither the public nor Democratic legislators any advance notice.
On Wednesday morning, state Rep. Joe Sam Queen (D) wrote on Twitter, “New abortion bill being heard in the committee I am on. The public didn’t know. I didn’t even know.”
“I wish I had more time to look at this new bill before I had to ask questions about it or debate it,” he added.
The bill then passed the state House Judiciary Committee in a 10-5 party-line vote.
The stealth maneuver came after North Carolina Gov. Pat McCrory (R) threatened to veto a similar Senate bill on Wednesday morning. The Senate legislation would require abortion providers to meet strict licensing standards and would mandate that a doctor is present for the entire procedure.
The state’s top health official has called for lawmakers to slow down on the abortion legislation, and in his 2012 campaign, McCrory pledged not to sign any legislation that would further restrict abortion access.
House Republicans tweaked the Senate legislation: A doctor would have to be present when the first drug in an abortion procedure is administered — rather than for the entire procedure — and clinics would not have to meet the same standards as ambulatory surgical centers.
The NYT editorial board announced that North Caroline was in a state of decline.
Every Monday since April, thousands of North Carolina residents have gathered at the State Capitol to protest the grotesque damage that a new Republican majority has been doing to a tradition of caring for the least fortunate. Nearly 700 people have been arrested in the “Moral Monday” demonstrations, as they are known. But the bad news keeps on coming from the Legislature, and pretty soon a single day of the week may not be enough to contain the outrage.
In January, after the election of Pat McCrory as governor, Republicans took control of both the executive and legislative branches for the first time since Reconstruction. Since then, state government has become a demolition derby, tearing down years of progress in public education, tax policy, racial equality in the courtroom and access to the ballot.
The cruelest decision by lawmakers went into effect last week: ending federal unemployment benefits for 70,000 residents. Another 100,000 will lose their checks in a few months. Those still receiving benefits will find that they have been cut by a third, to a maximum of $350 weekly from $535, and the length of time they can receive benefits has been slashed from 26 weeks to as few as 12 weeks.
The state has the fifth-highest unemployment rate in the country, and many Republicans insulted workers by blaming their joblessness on generous benefits. In fact, though, North Carolina is the only state that has lost long-term federal benefits, because it did not want to pay back $2.5 billion it owed to Washington for the program. The State Chamber of Commerce argued that cutting weekly benefits would be better than forcing businesses to pay more in taxes to pay off the debt, and lawmakers blindly went along, dropping out of the federal program.
At the same time, the state is also making it harder for future generations of workers to get jobs, cutting back sharply on spending for public schools. Though North Carolina has been growing rapidly, it is spending less on schools now than it did in 2007, ranking 46th in the nation in per-capita education dollars. Teacher pay is falling, 10,000 prekindergarten slots are scheduled to be removed, and even services to disabled children are being chopped.
“We are losing ground,” Superintendent June Atkinson said recently, warning of a teacher exodus after lawmakers proposed ending extra pay for teachers with master’s degrees, cutting teacher assistants and removing limits on class sizes.
Republicans repealed the Racial Justice Act, a 2009 law that was the first in the country to give death-row inmates a chance to prove they were victims of discrimination. They have refused to expand Medicaid and want to cut income taxes for the rich while raising sales taxes on everyone else. The Senate passed a bill that would close most of the state’s abortion clinics.
And, naturally, the Legislature is rushing to impose voter ID requirements and cut back on early voting and Sunday voting, which have been popular among Democratic voters. One particularly transparent move would end a tax deduction for dependents if students vote at college instead of their hometowns, a blatant effort to reduce Democratic voting strength in college towns like Chapel Hill and Durham.
The Texas House of Representatives approved sweeping abortion restrictions on Tuesday, including a ban after 20 weeks of pregnancy and tougher standards for clinics that perform the procedure.
The vote of 98-49 came after a full day of sometimes emotional debate. Before the measure can head to the state Senate, it needs a final vote from the House, which is expected on Wednesday.
The House approved the same proposal during a previous special session of the legislature, but it failed to pass in the Senate after Democratic Senator Wendy Davis staged an 11-hour filibuster that gained national attention.
Here’ in Louisiana, we are trying to stop devastating cuts to Domestic Violence programs and programs to help families with handicapped children. We are asking for a special override session to restore the funding and override a line item veto by the governor that would reestablish funds to these programs.
Domestic violence service providers across Louisiana are facing their second budget crisis in 2 months. The Louisiana Department of Child and Family Services unveiled its proposed budget Thursday. The plan includes a cut of $1.4 million dollars to domestic violence services; this is in addition to the $1 million the Jindal administration cut in the December, mid-year budget adjustments.
Programs will be losing $2.4 million of the $6.2 million the state was spending on domestic violence services. This means emergency shelters across the state will have lost more than 38% of their funding from DCFS in just over six months. This makes a significant impact in a state that consistently leads the nation in domestic homicides.
Executive Director of the Louisiana Coalition Against Domestic Violence, Beth Meeks, warned during the last round of cuts that ‘the situation was precarious and further cuts would destabilize the system’. She calls the current situation dire, “In the last round of cuts programs laid off about 10% of their staff and many used up any rainy day reserves they had set aside. At this level of cuts programs will be forced to reduce and eliminate services in some areas, if they can survive at all.”
According to statistics collected by DCFS, Louisiana domestic violence shelters provided almost 91,000 nights of emergency shelter in the last year and took more than 38,000 crisis calls. There are 18 programs in Louisiana funded by DCFS to provide around the clock emergency domestic violence services. The programs documented more than 1800 unmet needs during that time period due to low staff and full shelter beds.
These states are cutting protections to women’s health and safety and children’s health and safety while transferring lots of resources to create a plague of regulations for abortion providers. This is completely unacceptable. Women need to be taking to the streets now!
The Ripple Effect
Posted: April 30, 2012 Filed under: just because, open thread | Tags: ALEC, Birth Control, Climate change, etc, Financial Crisis, fracking, Health care, immigration, making ripples, overwhelmed, pay equity, poluution, union busting, war, what to do, Women's Rights 51 CommentsI don’t know if it’s simply the election cycle or what, but more and more frequently the world seems to be spinning out of control. Problems and/or issues everywhere. Which one to prioritize? How to “fix” what is going wrong? Is it leaving you with an overwhelming sense of helplessness? It does me, all too often.
Here is a list of the serious issues that are bombarding my senses:
- The economy
- Unemployment
- Poverty
- Wall Street’s continuing abuses
- Wealth inequality
- Debt
- Offshore oil drilling
- Fracking
- Renewable energy
- The condition of our oceans
- Climate change
- Endangered species
- Pesticides, herbicides
- Food safety
- Pollution of our air and water
- Violence against women throughout the world
- Pay equity
- Abortion rights
- Access to contraception
- ALEC’s legislative initiatives
- ALEC’s co-opting of our political process
- The need for campaign finance reform
- Voting rights
- Union busting
- Immigration
- Health and health care
- The dismantling of our educational system
- The privatization of the prison system
- Hate speech & hate crimes
- Gun rights & gun control
- The billions of non-human animals killed each year worldwide, not only for food, but on our streets, in our homes and in our shelters
- Wars, seemingly everywhere
- The aftermath and attempted recovery following both natural and man-made disasters
There is little doubt in my mind that most people have shut down and they have chosen to ignore many, if not all of these critical issues. For so many others they don’t have a choice. They don’t even have the time or energy to think about them because they are struggling to survive, to put food on their tables, to pay the bills and keep a roof over their heads. Their focus is on their personal problems, not the bigger issues that are taking a heavy toll on their day to day lives, their future and the future of their families.
What can we do? How can the majority of the people on the planet, especially those whose personal resources are sorely limited make a difference, not only in their own lives, but for the future of all life on our planet? Here are a few simple each of us could try:
- Educate ourselves so we make conscious decisions that will benefit our finances, our health and the impact we have on our environment, whether it’s our home, our community or the planet.
- Reduce the amount of plastic, especially disposable plastic, that we buy. For example, opt for fresh foods over processed, prepackaged foods when possible. Use refillable containers instead of individual bottles of water. Avoid individually packaged food items – opt for a full size bag or container. Separate into individual servings at home. Don’t buy disposable plates and cups. Recycle and/or reuse plastic – and don’t forget to cut up those plastic rings that hold bottles and cans together – and return plastic bags to the stores for recycling. Take reusable bags when we shop, instead of the store’s plastic bags.
- Donate unused items to community groups or thrift stores.
- Pick up trash when we see it: in our yards, in the parking lots, on the beach, or participate in an annual beach or waterway cleanup in our area.
- Volunteer our time in schools, nursing homes, soup kitchens, for non-profits or wherever our time and expertise can be used.
- Eat lower on the food chain. It’s good for our health. It’s good for the planet, and it’s good for the animals.
- Write letters or send emails to our local media, to our elected officials, and to policy makers. Sign up for the action alerts of groups who address issues of concern to us.
- Adopt a homeless animal from a shelter or local rescue group. It will save a life and the animal will enrich ours. And if you can’t adopt, consider volunteering for a local rescue group or even fostering an animal until he/she is ready to be adopted.
Many of you are probably already doing some or all of these, or you may be doing others that I haven’t mentioned. By all means, if you have additional personal solutions or tips, please add them in the comments. Most of these ideas will only cost a bit of your time. Many of them will actually save money. I know that even doing what seems like something small, I feel better. I feel like I am doing my part, however little it might be. We rarely know the full impact of the choices we make on a daily basis, or how our actions might influence others. Even if we can’t always make waves, we can, at least, generate some ripples.
Thursday Reads: Mostly Mitt
Posted: January 5, 2012 Filed under: 2012 presidential campaign, Mitt Romney, morning reads, Republican politics, Republican presidential politics, U.S. Economy, U.S. Politics, Women's Rights | Tags: capitalism and psychopathy, capitalism as "creative destruction", Mitt Romney, Mormonism, New Hampshire, Newt Romney, psychopaths, rogue traders, South Carolina, women's autonomy, Women's Rights 21 CommentsGood Morning!!
A few months ago, there was quite a bit of talk about a BBC story on Alessio Rastani, a self-described “independent trader,” who indicated he couldn’t care less what the European financial crisis did to people’s lives. For him it was all about making money and another recession would enable him to make plenty. Andrew Leonard of Salon tied the story together with and article in Der Spiegel on a Swiss study of traders. The results showed that these people
behaved more egotistically and were more willing to take risks than a group of psychopaths who took the same test.”
Particularly shocking for [Thomas] Noll [researcher] was the fact that the bankers weren’t aiming for higher winnings than their comparison group. Instead they were more interested in achieving a competitive advantage. Instead of taking a sober and businesslike approach to reaching the highest profit, “it was most important to the traders to get more than their opponents,” Noll explained. “And they spent a lot of energy trying to damage their opponents.”
Using a metaphor to describe the behavior, Noll said the stockbrokers behaved as though their neighbor had the same car, “and they took after it with a baseball bat so they could look better themselves.”
The researchers were unable to explain this penchant for destruction, they said.
Yesterday, Dakinikat sent me a Bloomberg article by William D. Cohan about a British academic’s “theory” on the causes of the financial crisis: Did Psychopaths Take Over Wall Street Asylum?
It took a relatively obscure former British academic to propagate a theory of the financial crisis that would confirm what many people suspected all along: The “corporate psychopaths” at the helm of our financial institutions are to blame.
Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of “people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry” lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.”
As a result, Boddy argues in a recent issue of the Journal of Business Ethics, such people are “extraordinarily cold, much more calculating and ruthless towards others than most people are and therefore a menace to the companies they work for and to society.”
Of course this isn’t a scientific study, but it certainly makes intuitive sense. Boddy blames changes in corporate culture for the problem.
Until the last third of the 20th century, he writes, companies were mostly stable and slow to change. Lifetime employment was a reasonable expectation and people rose through the ranks.
This stable environment meant corporate psychopaths “would be noticeable and identifiable as undesirable managers because of their selfish egotistical personalities and other ethical defects.”
For Wall Street — a rapidly changing and highly dynamic corporate environment if there ever was one, especially when the firms transformed themselves from private partnerships into public companies with quarterly reporting requirements — the trouble started when these charmers made their way to corner offices of important financial institutions.
There they supposedly changed many of the moral and ethical values that previously had guided businesspeople. This theory seems somewhat flawed, since it doesn’t explain how these men differed from the 19th century robber barons. But I haven’t read Roddy’s original articles. Perhaps he explains this inconsistency in his argument. I would argue that these kinds of people have always been involved in business and probably in politics too.
Case in point: Mitt Romney. I urge you to read the new article about Romney in Vanity Fair: The Meaning of Mitt: The Dark Side of Mitt Romney. The article is based on a new book about Romney by Michael Kranish and Scott Helman, The Real Romney. There’s no way I can briefly summarize the piece or excerpt all the important parts. The article focuses on Romney’s attitudes toward family, his deep involvement with his Mormon religion, and his business career. If you read it, you’ll recognize characteristic signs of the psychopath–coldness, calculation, lack of empathy for others, self-involvement. The only thing missing is the charisma that these people often have.
There are multiple examples of Romney’s insensitivity toward women and women’s autonomy in the article, and his career as a corporate raider and junk bond pusher are described in detail. I’ll give you just one shocking example of Romney’s attitude toward women’s rights in his role as “spiritual leader.”
Peggie Hayes had joined the church as a teenager along with her mother and siblings. They’d had a difficult life. Mormonism offered the serenity and stability her mother craved. “It was,” Hayes said, “the answer to everything.” Her family, though poorer than many of the well-off members, felt accepted within the faith. Everyone was so nice. The church provided emotional and, at times, financial support. As a teenager, Hayes babysat for Mitt and Ann Romney and other couples in the ward. Then Hayes’s mother abruptly moved the family to Salt Lake City for Hayes’s senior year of high school. Restless and unhappy, Hayes moved to Los Angeles once she turned 18. She got married, had a daughter, and then got divorced shortly after. But she remained part of the church.
By 1983, Hayes was 23 and back in the Boston area, raising a 3-year-old daughter on her own and working as a nurse’s aide. Then she got pregnant again. Single motherhood was no picnic, but Hayes said she had wanted a second child and wasn’t upset at the news. “I kind of felt like I could do it,” she said. “And I wanted to.” By that point Mitt Romney, the man whose kids Hayes used to watch, was, as bishop of her ward, her church leader. But it didn’t feel so formal at first. She earned some money while she was pregnant organizing the Romneys’ basement. The Romneys also arranged for her to do odd jobs for other church members, who knew she needed the cash. “Mitt was really good to us. He did a lot for us,” Hayes said. Then Romney called Hayes one winter day and said he wanted to come over and talk. He arrived at her apartment in Somerville, a dense, largely working-class city just north of Boston. They chitchatted for a few minutes. Then Romney said something about the church’s adoption agency. Hayes initially thought she must have misunderstood. But Romney’s intent became apparent: he was urging her to give up her soon-to-be-born son for adoption, saying that was what the church wanted. Indeed, the church encourages adoption in cases where “a successful marriage is unlikely.”
Hayes was deeply insulted. She told him she would never surrender her child. Sure, her life wasn’t exactly the picture of Rockwellian harmony, but she felt she was on a path to stability. In that moment, she also felt intimidated. Here was Romney, who held great power as her church leader and was the head of a wealthy, prominent Belmont family, sitting in her gritty apartment making grave demands. “And then he says, ‘Well, this is what the church wants you to do, and if you don’t, then you could be excommunicated for failing to follow the leadership of the church,’ ” Hayes recalled. It was a serious threat. At that point Hayes still valued her place within the Mormon Church. “This is not playing around,” she said. “This is not like ‘You don’t get to take Communion.’ This is like ‘You will not be saved. You will never see the face of God.’ ” Romney would later deny that he had threatened Hayes with excommunication, but Hayes said his message was crystal clear: “Give up your son or give up your God.”
Not long after, Hayes gave birth to a son. She named him Dane. At nine months old, Dane needed serious, and risky, surgery. The bones in his head were fused together, restricting the growth of his brain, and would need to be separated. Hayes was scared. She sought emotional and spiritual support from the church once again. Looking past their uncomfortable conversation before Dane’s birth, she called Romney and asked him to come to the hospital to confer a blessing on her baby. Hayes was expecting him. Instead, two people she didn’t know showed up. She was crushed. “I needed him,” she said. “It was very significant that he didn’t come.” Sitting there in the hospital, Hayes decided she was finished with the Mormon Church. The decision was easy, yet she made it with a heavy heart. To this day, she remains grateful to Romney and others in the church for all they did for her family. But she shudders at what they were asking her to do in return, especially when she pulls out pictures of Dane, now a 27-year-old electrician in Salt Lake City. “There’s my baby,” she said.
The information the authors provide about Romney’s career at Bain Capital is just as revealing of Mitt’s insensitivity and lack of empathy. Here’s just a brief quote about Romney’s attitudes toward capitalism.
Romney described himself as driven by a core economic credo, that capitalism is a form of “creative destruction.” This theory, espoused in the 1940s by the economist Joseph Schumpeter and later touted by former Federal Reserve Board chairman Alan Greenspan, holds that business must exist in a state of ceaseless revolution. A thriving economy changes from within, Schumpeter wrote in his landmark book, Capitalism, Socialism and Democracy, “incessantly destroying the old one, incessantly creating a new one.” But as even the theory’s proponents acknowledged, such destruction could bankrupt companies, upending lives and communities, and raise questions about society’s role in softening some of the harsher consequences.
Romney, for his part, contrasted the capitalistic benefits of creative destruction with what happened in controlled economies, in which jobs might be protected but productivity and competitiveness falters. Far better, Romney wrote in his book No Apology, “for governments to stand aside and allow the creative destruction inherent in a free economy.” He acknowledged that it is “unquestionably stressful—on workers, managers, owners, bankers, suppliers, customers, and the communities that surround the affected businesses.” But it was necessary to rebuild a moribund company and economy. It was a point of view he would stick with in years ahead. Indeed, he wrote a 2008 op-ed piece for The New York Times opposing a federal bailout for automakers that the newspaper headlined, let detroit go bankrupt. His advice went unheeded, and his prediction that “you can kiss the American automotive industry goodbye” if it got a bailout has not come true.
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Anyone who still sees Romney as the “reasonable” Republican candidate needs to read this article. I knew that Romney had been involved in Mormon Church leadership, but I had no idea how deeply he was involved and how committed to his religion he is. And yet, he’s probably going to be the Republican nominee, facing a weak, unpopular Obama. We’ve heard about a meeting of Conservatives to discuss possible alternatives, but Politico reports that GOP elites are saying Romney probably can’t be stopped.
We’ll see. There’s nothing more dangerous than a Newt scorned, and South Carolina looks to be unfriendly to Mitt. But the next challenge for Romney is New Hampshire, where he leads by double digits. Can Santorum and Gingrich knock him down a peg? Only time will tell.
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