December 2010 archive

Is it Time for Democrats to Fight Obama?

Cenk Uygur, Huffington Post

Posted: December 15, 2010 10:43 AM

You want to hear something really depressing? If John McCain had won the presidency, there is almost no chance he could have gotten the Bush tax cuts extended for the rich. Think about it. How was a Republican president going to get an overwhelmingly Democratic Senate and House to pass those tax cuts that they hated under Bush?

No, only a Democratic president could get a Democratic Congress to agree to tax cuts for the rich. So, in this sense, progressives are worse off for having a Democratic president than a Republican one.

…

Democrats would certainly have fought a surge in Afghanistan if Bush was in charge. They would be complaining about warrantless wiretapping if Bush continued that program instead of Obama. They would have hated the monopoly that drug companies got in the health care legislation (because they went nuts over it when Bush made the same deal). And they would have gone apoplectic over these huge tax cuts for the rich. But under Obama, the defense contractors, the rich and the powerful have gotten almost everything they wanted and nary a peep was heard from the Democrats in Congress.

Here is the new memo – fight him, he’s not on your side.

As was shown in 2010 and will be again in 2012.

Anyone who claims to care about Electoral Victory is a LIAR!

Update:

‘Democrat’ Is No Longer A Brand

Howard Fineman, Huffington Post

Updated: 12-15-10 07:23 AM

As the lame duck tax debate slogs towards its inevitable conclusion — nearly $1 trillion worth of extended and new tax cuts over two years — I’m wondering: what does the brand “Democrat” mean?

…

The fact that extension is being touted by the White House as a major “get” is a sad commentary on how far to the right our politics is now moving, no matter how many times Tea Party types call Obama a socialist.

…

Isn’t a nearly $1 trillion bill full of tax cuts and industry giveaways what Republicans do? Isn’t a bill with an absurdly generous inheritance tax break what Republicans write? Aren’t Democrats the “party of the people?” Aren’t they the party that believes government programs and policies have a role to play in leveling the playing field, or at least giving everyone a fair chance? Aren’t the Democrats worried that all of this tax cutting now will starve the social programs they supposedly cherish? Do they know that they won’t be able to push through a change in taxes in 2012 over GOP objections if the economy in fact improves?

…

And if they do vote “yes” for the most part, what does it signify — other than a desperate desire for survival — about the meaning of “Democrat?”

It means “Coward”.

Thanks for nothing Barack.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Robert Reich: Why America’s Two Economies Continue to Drift Apart, and What Washington Isn’t Doing About It

America’s two economies are getting wider apart.

The Big Money economy is booming. According to a new Commerce Department report, third-quarter profits of American businesses rose at an annual record-breaking $1.659 trillion – besting even the boom year of 2006 (in nominal dollars). Profits have soared for seven consecutive quarters now, matching or beating their fastest pace in history.

Executive pay is linked to profits, so top pay is soaring as well.

Higher profits are also translating into the nice gains in the stock market, which is a boon to everyone with lots of financial assets.

And Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year, according to a survey by compensation consultants Johnson Associates Inc.

But nothing is trickling down to the Average Worker economy. Job growth is still anemic. At October’s rate of only 50,000 new private-sector jobs, unemployment won’t get down to pre-recession levels for twenty years. And almost half of October’s new jobs were in temporary help.

Meanwhile, the median wage is barely rising, adjusted for inflation. And the value of the major asset of most Americans – their homes – continues to drop.

Why are America’s two economies going in opposite directions?

Eugene Robinson: A Wiki Hornets Nest

Washington – The most important legacy of the WikiLeaks affair will almost surely be the rapidly escalating cyberwar that the group’s renegade disclosures have sparked. If you think you’re unaffected by unseen “battles” fought with keystrokes instead of bullets, you’re wrong.

At stake are issues of free speech, censorship, privacy, piracy, sovereignty and corporate power. We may know what we think about these concepts, but applying real-world logic to the Internet leads to unacceptable conclusions — such as sympathy for the goons in Iran or China who suppress anti-government political speech. This is, of course, out of the question. Which means sympathy for WikiLeaks nihilists who don’t deserve it.

Megan Tady: Mere Hours Left to Save Net Neutrality

I don’t want to be overly dramatic here, but there are just hours left to save the Internet.

Tomorrow, the FCC stops taking meetings and accepting official comments on its proposed Net Neutrality rules. But until then, we’re using every minute we have to remind the FCC that the public overwhelmingly wants real Net Neutrality, not a fake compromise with the phone and cable companies that will effectively kill free speech and innovation online.

Earlier this month, FCC Chairman Julius Genachowski released a proposal that is Net Neutrality in name only. While details are still scarce, the Genachowski proposal reportedly would not offer the same protections to wireless Internet users as it would to those using wired connections.

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

December 15 is the 349th day of the year (350th in leap years) in the Gregorian calendar. There are 16 days remaining until the end of the year.

On this day 1791, Virginia becomes the last state to ratify the Bill of Rights, making the first ten amendments to the Constitution law and completing the revolutionary reforms begun by the Declaration of Independence. Before the Massachusetts ratifying convention would accept the Constitution, which they finally did in February 1788, the document’s Federalist supporters had to promise to create a Bill of Rights to be amended to the Constitution immediately upon the creation of a new government under the document.

After the Constitution was ratified in 1789, the 1st United States Congress met in Federal Hall in New York City. Most of the delegates agreed that a “bill of rights” was needed and most of them agreed on the rights they believed should be enumerated.

Madison, at the head of the Virginia delegation of the 1st Congress, had originally opposed a Bill of Rights but hoped to pre-empt a second Constitutional Convention that might have undone the difficult compromises of 1787: a second convention would open the entire Constitution to reconsideration and could undermine the work he and so many others had done in establishing the structure of the United States Government. Writing to Jefferson, he stated, “The friends of the Constitution…wish the revisal to be carried no farther than to supply additional guards for liberty…and are fixed in opposition to the risk of another Convention….It is equally certain that there are others who urge a second Convention with the insidious hope of throwing all things into Confusion, and of subverting the fabric just established, if not the Union itself.”

Madison based much of the Bill of Rights on George Mason’s Virginia Declaration of Rights (1776), which itself had been written with Madison’s input. He carefully considered the state amendment recommendations as well. He looked for recommendations shared by many states to avoid controversy and reduce opposition to the ratification of the future amendments. Additionally, Madison’s work on the Bill of Rights reflected centuries of English law and philosophy, further modified by the principles of the American Revolution.

Moody’s Investors Service said in a Monday report that the tax-cut deal hammered out between President Obama and congressional Republicans jeopardizes the Aaa credit rating enjoyed by U.S. Treasury bonds. The package could add $900 billion to the national debt, if it is made permanent, and this increases the chances the U.S. would one day default on its debt.

“From a credit perspective, the negative effects on government finance are likely to outweigh the positive effects of higher economic growth. Unless there are offsetting measures, the package will be credit negative for the US and increase the likelihood of a negative outlook on the US government’s Aaa rating during the next two years,” Moody’s analyst Steven Hess writes.

Hess writes that the higher economic growth from the tax cuts and unemployment benefits might be substantial, but the effect of the growth on budget deficits will be less than the effect of the foregone revenue and increased spending.

He notes that the Congressional Budget Office has found that the package would raise the ratio of debt-to-gross domestic product from 61.6 percent to 68.5 percent by 2012.

I Want a Dog for Christmas, Charlie Brown!.  Some premiers.

As attentive readers know I am firmly of the belief that the time you most need blogs to distract you from the chaos of meat space is during the holidays when you have to deal with the unfortunate realities of your relatives.  It turns out that this year I’ll not have to stray too far from Stars Hollow so I’m prepared to provide my usual public service of creating excuses.

Not everyone is as addicted to mindless entertainment as I am and contributors who consider their time better spent in other pursuits are hereby released from whatever perceived obligations they have.  I’ll try and keep up as best I can, but I expect slowness and disruption of settled routines which always makes me cranky and out of sorts.

And then January 4th we’ll celebrate the Six Month Anniversary of The Stars Hollow Gazette and attempt a return to normalcy (such as it is).

• ABC Family– Dr. Seuss’ How the Grinch Stole Christmas x 2 (the good news is no 700 Club)
• AMC– Scrooged x 2 (again and again)
• Disney– Phineas and Ferb Christmas Vacation
• Discovery– Dirty Jobs (Holiday Special premier), Auction Kings (premier)
• ESPN2– Women’s College Hoopies, Tennessee at Baylor
• FX– What Happens in Vegas x 2
• History– Nazis (premier)
• Lifetime– A Different Kind of Christmas
• Oxygen– Welcome Home Roscoe Jenkins x 2 (again and again)
• Sci Fi– Cold Creek Manor, Identity
• Speed– Monster Jam, Bubba’s World x 2 (Series Premier)
• TBS– Family Guy marathon
• Turner Classic– Cabaret (Liza night)
• TLC– Light Show marathon
• TNT– The Forbidden Kingdom (again)
• Toon– Nacho Libre, Tower Prep (premier)
• Vs.– Penguins @ Flyers
• VH1– 8 Mile x 2 (again and again)

Later-

• AMC– Superman Returns
• Disney– Phineas and Ferb
• FX– Just Married
• Oxygen– Something New
• Sci Fi– Phantom Racer
• Turner Classic– A Matter of Time, Stepping Out (more Liza)
• USA– Psych, Burn Notice (this week’s)

Dave hosts Paul Rudd, Chris Russo, and Joanna Newsom.  Jon has Ricky Gervais, Stephen Stephen Sondheim.  Conan hosts Seth Green, Tim Meadows, and Broken Bells.

Boondocks– A Date With the Booty Warrior.

Zap2it TV Listings, Yahoo TV Listings

Evening Edition is an Open Thread

1 Assange back in British jail after bail ruling challenged

by Danny Kemp, AFP

1 hr 1 min ago

Remember that housing/mortgage/fraud crisis?  Well, it’s still here and now getting worse.

Home Prices Falling Fast, Eroding American Wealth And Threatening Recovery

Plunging home prices hammered household finances in the third quarter, eroding homeowners’ wealth and making them more vulnerable to foreclosure. As prices are expected to continue falling, the economic recovery could face a major stall.

Millions of homeowners saw their most valuable asset decay between July and September, according to recently released data from the Federal Reserve, as they lost a portion of the stake they can claim in their homes. A series of new reports reflects home prices are continuing to decline, increasing the pressure on America’s tepid housing market. Until the market finds a bottom, the foreclosure epidemic will feed upon itself, analysts say, as foreclosed properties drive home values down. With the unemployment rate hovering near 10 percent, and with companies showing historic reluctance to hire, the housing drag poses a significant impediment to an economic recovery.

Today Dan Froomkin wrote this at the Watchdog Blog:

Time For Real-Estate Watchdogs To Start Howling Again

You might not know it from reading the news, but the nation’s housing prices are in free fall again.

For the many Americans who have (or had) most of their wealth tied up in their homes, the consequences of this will be profound. The effect on nationwide consumption will inevitably be severe. In fact, there are some not inconceivable scenarios in which the housing market could just take the economy down with it again. . . . .

Despite the fact that the nation is officially in a period of economic recovery, the latest data show that home prices are diving. One recent survey pegged the decline at 0.7 percent per month; another found prices down 5.8 percent between August and October.

One analysis found  home values will likely drop more than $1.7 trillion this year, on top of the $1.05 trillion drop in 2009. That would bring the loss in wealth to $9 trillion since the June 2006 market peak, when the housing stock was valued at about $24 trillion.

And many market analysts expect prices to drop 10 percent or more in 2011.

The sudden decline starting this past summer is traced in part to the end of the home-buyer’s tax credit, in April. But the real problem is the huge downward pressure caused by the the record number of homes being foreclosed.

Foreclosures depress prices directly –  foreclosed homes are currently selling at a percent discount. They also depress prices indirectly, by creating urban (and in some cases suburban) blight.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Dean Baker: The Tax Deal and the Apocalypse

The proponents of the tax deal that President Obama and the Republicans negotiated last week have gotten out their TARP and Iraq War hysterics. All the important people are now telling us that if Congress doesn’t approve the package, it will be the end of the world!

To be an important person in Washington these days requires a solid record of failure. That is why we have 25 million people unemployed, underemployed or out of the labor force altogether. And those who got us into this disaster are still overwhelmingly the ones calling the shots. So, people who want a realistic assessment of what the defeat of this tax package means for the economy may not want to rely on the usual suspects.

As I have noted before, the major risk of this deal is that it would undermine Social Security. The deal temporarily lowers the Social Security tax by 2 percentage points. In principle, the tax rate will go back to its current rate after the end of next year.

However, several prominent Republicans have already made it clear that they will call the expiration of this tax cut a tax increase. And they will point out that it is an extremely regressive tax increase that disproportionately hits low- and moderate-income workers.

Naomi Wolf: J’Accuse: Sweden, Britain, and Interpol Insult Rape Victims Worldwide

How do I know that Interpol, Britain and Sweden’s treatment of Julian Assange is a form of theater? Because I know what happens in rape accusations against men that don’t involve the embarrassing of powerful governments. . . .

(But) for all the tens of thousands of women who have been kidnapped and raped, raped at gunpoint, gang-raped, raped with sharp objects, beaten and raped, raped as children, raped by acquaintances — who are still awaiting the least whisper of justice — the highly unusual reaction of Sweden and Britain to this situation is a slap in the face. It seems to send the message to women in the UK and Sweden that if you ever want anyone to take sex crime against you seriously, you had better be sure the man you accuse of wrongdoing has also happened to embarrass the most powerful government on earth.

Keep Assange in prison without bail until he is questioned, by all means, if we are suddenly in a real feminist worldwide epiphany about the seriousness of the issue of sex crime: but Interpol, Britain and Sweden must, if they are not to be guilty of hateful manipulation of a serious women’s issue for cynical political purposes, imprison as well — at once — the hundreds of thousands of men in Britain, Sweden and around the world world who are accused in far less ambiguous terms of far graver forms of assault.

Anyone who works in supporting women who have been raped knows from this grossly disproportionate response that Britain and Sweden, surely under pressure from the US, are cynically using the serious issue of rape as a fig leaf to cover the shameful issue of mafioso-like global collusion in silencing dissent. That is not the State embracing feminism. That is the State pimping feminism.

Rep. Rush Holt: Social Security Is Not a Bargaining Chip

Much has been discussed about the effect that the proposed tax-cut compromise between President Obama and Congressional Republicans would have on long-term debt and much has been discussed about how many jobs the proposed agreement would generate and when. Overall, although it would reduce the money withheld from an average American’s paycheck in 2011, it ultimately would increase the burden shifted onto that average American’s back for funding our government. Probably the greatest damaging effect, though, would result from the 2 percent reduction in payroll tax, an ingredient injected late in the negotiations last week.

The provision puts in jeopardy the long-term survival of Social Security – a centerpiece program that has been popular, efficient, and effective for 75 years. Sixty-four percent of seniors – nearly 22 million Americans – depend on Social Security for most of their livelihood. In 1935 most seniors lived below the poverty line, a fact hard to believe since Social Security has changed that. Also 16 million others – not in their retirement years – surviving spouses and children and people with disabilities depend on Social Security.

WikiLeaks founder Julian Assange, arrested in Britain on Swedish allegations of sex crimes, was conditionally granted bail by a British court today, an article by Reuters says this morning. The article notes that “Judge Howard Riddle, who had earlier granted Assange bail under stringent conditions, said Assange must remain in custody until the appeal is heard within 48 hours.”

Riddle, who last week said that Swedish authorities would need to show some convincing evidence if they wanted to oppose bail for the 39-year-old Australian when he appears in court to oppose extradition to Sweden, today granted Assange bail with conditions until another hearing on January 11.

Mr Assange had been refused bail Wednesday December 08, 2010 and sent to Wandsworth prison when he appeared before Judge Riddle to answer a Swedish extradition application.

The Brisbane Times reports that “Mr Assange, 39, won his temporary freedom after his lawyer, Geoffrey Robertson, gave Judge Howard Riddle a temporary address where the WikiLeaks founder would stay and agreed to post a guarantee of £200,000 ($US315,280).”

…Mr Assange had not been given any of his mail, including legal letters, since he was jailed.

He was on 23½-hours-a-day ”lock-down” at Wandsworth. He was kept under surveillance on infrared video.

Ahead of his court appearance, Mr Assange blasted Visa, MasterCard and PayPal for blocking donations to his website.

In a defiant statement from behind bars, he claimed the firms were “instruments of US foreign policy” but vowed their actions would not stop the whistle-blowing website from continuing to publish thousands of confidential US diplomatic cables.

Last week, in the wake of Visa, MasterCard and PayPal shutting down donations processing for WikiLeaks, the organizations credit card processor DataCell ehf of Iceland announced its intention to sue Visa and Mastercard, with DataCell CEO Andreas Fink stating that the company “has decided to take up immediate legal actions to make donations possible again,”  and that “The suspension of payments towards Wikileaks is a violation of the agreements with their customers.”

Visa should “just simply do their business where they are good at – transferring money,” Fink wrote.

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

December 14 is the 348th day of the year (349th in leap years) in the Gregorian calendar. There are 17 days remaining until the end of the year.

On this day in 1995, the Dayton Agreement is signed in Paris.

The General Framework Agreement for Peace in Bosnia and Herzegovina, also known as the Dayton Agreement, Dayton Accords, Paris Protocol or Dayton-Paris Agreement, is the peace agreement reached at Wright-Patterson Air Force Base near Dayton, Ohio in November 1995, and formally signed in Paris on December 14, 1995. These accords put an end to the three and a half year long war in Bosnia, one of the armed conflicts in the former Socialist Federative Republic of Yugoslavia. Some articles erroneously refer to the agreement as the Treaty of Dayton.

Background

Though the basic concepts of the Dayton Agreement began to appear in international talks since 1992, the negotiations were initiated following the unsuccessful previous peace efforts and arrangements, the August 1995 Croatian military Operation Storm and its aftermath, the government military offensive against the Republika Srpska, in concert with NATO’s Operation Deliberate Force. During September and October 1995, many of the world powers (especially the USA and Russia), gathered in the Contact Group, applied intense pressure to the leaders of the three sides to attend the negotiations in Dayton, Ohio.

The conference took place from November 1 to November 21, 1995. The main participants from the region were Serbian President Slobodan Milosevic (representing the Bosnian Serb interests due to absence of Karadzic), Croatian President Franjo Tudman, and Bosnian President Alija Izetbegovic with Bosnian Foreign Minister Muhamed Sacirbey.

The peace conference was led by U.S. Secretary of State Warren Christopher, and negotiator Richard Holbrooke with two Co-Chairmen in the form of EU Special Representative Carl Bildt and the First Deputy Foreign Minister of Russia Igor Ivanov. A key participant in the US delegation was General Wesley Clark (later to become NATO’s Supreme Allied Commander Europe (SACEUR) in 1997). The UK military representative was Col Arundell David Leakey (later to become Commander of EUFOR in 2005). The Public International Law & Policy Group (PILPG) served as legal counsel to the Bosnian Government delegation during the negotiations.

The secure site was chosen in a bid to curb the participants’ ability to negotiate in the media rather than at the bargaining table.

After having been initiated in Dayton, Ohio on November 21, 1995 the full and formal agreement was signed in Paris, France, on December 14, 1995 also by French President Jacques Chirac, U.S. President Bill Clinton, UK Prime Minister John Major, German Chancellor Helmut Kohl and Russian Prime Minister Viktor Chernomyrdin.

The present political divisions of Bosnia and Herzegovina and its structure of government were agreed upon as part the constitution that makes up Annex 4 of the General Framework Agreement concluded at Dayton. A key component of this was the delineation of the Inter-Entity Boundary Line, to which many of the tasks listed in the Annexes referred.

The agreement mandated a wide range of international organizations to monitor, oversee, and implement components of the agreement. The NATO-led IFOR (Implementation Force) was responsible for implementing military aspects of the agreement and deployed on the 20th December 1995, taking over the forces of the UNPROFOR.

Ironically, the chief architect of the Dayton Accord, Ambassador Richard Holbrooke, died yesterday, December 13, in Washington, DC. May he rest in peace.