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Jul 31 2011
Punting the Pundits: Sunday Preview Edition
“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”.
The Sunday Talking Heads:
I strongly suspect that there will be only one topic discussed on any of these programs. Go to the park or the beach. It may be your last chance as most public facilities will be closed due to the coming austerity
This Week with Christiane Amanpour: This week’s guests are White House Senior Advisor David Plouffe and ABC News Chief Political Correspondent George Stephanopoulos. Then, if you can stomach watching, Sen. Lindsey Graham (R-SC) in an exclusive interview.
The guests on the roundtable are ABC News Chief Political Correspondent George Stephanopoulos, ABC’s George Will, Nobel Prize-winning economist and New York Times columnist Paul Krugman, and Grover “Lord Voldemort” Norquist, President of Americans for Tax Reform.
New York City Police Commissioner Ray Kelly discusses security and ABC News’ David Muir in the Horn of Africa on the devastating famine.
Face the Nation with Bob Schieffer: Guests are Senate Minority Leader Sen. Mitch “Human-Hybrid Turtle” McConnell (R-KY), and Democratic Policy Committee Chairman Sen. Chuck “Wall St.’s Puppet, Schumer (D-NY).
The Chris Matthews Show: This week’s guests Andrea Mitchell, NBC News Chief Foreign Affairs Correspondent, Howard Fineman, The Huffington Post Senior Political Editor, Michael Duffy, TIME Magazine Assistant Managing Editor and Nia-Malika Henderson, The Washington Post National Political Reporter who will discuss:
Why the GOP thinks this debt chaos helps them beat Barack Obama in 2012 and will Rick Perry be the GOP Nominee?
Meet the Press with David Gregory: Guests are White House Senior Advisor David Plouffe, Sen. Claire McCaskill (D-MO) and Sen. John Thune (R-SD). Joining the roundtable are Former Governor of Michigan, Jennifer Granholm (D), Rep. Raul Labrador (R-ID), the host of CNBC’s “Mad Money” Jim Cramer, and NBC’s Tom Brokaw.
State of the Union with Candy Crowley: Guest host Gloria Borger will talk to Senate Minority Leader Mitch McConnell (R-KY), Sen. Chuck Schumer (D-NY) and Director of the National Economic Council and Assistant to the President for Economic Policy Gene Sperling and Mark Zandi, chief economist for Moody’s Analytics.
Fareed Zakaris: GPS:Fareeh is pissed at the tea party so watching this might be fun just to hear him vent
His primary interview will be with International Monetary Fund, Christine Lagarde on the US debt crisis.
If you were a spectator in a sky box seat looking directly down on the Washington debt debate, you’d be seeing a contest both narrow and off to one edge of the field — like watching a football game being played entirely between the 10-yard line and the goal line.
The big items that added trillions to the debt are not even on the field of debate. Because the two teams are not contesting them.
- Wars: When Obama expanded the Afghan war and asked for the largest military budget in world history, the GOP largely applauded. It was bipartisan.
- Bush Tax Cuts for the Wealthy: Obama extended them in December.
- Bank Bailouts: Bipartisan.
- Declining Tax Revenue: Resulted from recession and financial meltdown caused by years of bipartisan (Reagan/Clinton) deregulation of Wall Street. And by big companies like General Electric (whose CEO is Obama’s jobs chairman) dodging their taxes.
That’s the broad view — a perspective that sees our country in extreme debt and extremist “debate” because the leaders of the two teams collaborated in putting it there.
But this would not be your view if you were a mainstream reporter. Because reporting in elite U.S. media is not so much about relaying obvious and important facts as it is about positioning.
Ken Sofer: World Reacts to Debt Ceiling Debacle: “Irresponsible,” “Worst Kind of Absurd Theatrics”
The rhetoric over raising the debt ceiling has become increasingly harsh as Democratic and Republican congressional leaders trade barbs back and forth. But as the U.S. inches closer to defaulting on its debts for the first time in history, criticism of Congress is starting to come from beyond our own borders. From France and Germany to China and India, countries around the world are angry that American politicians play with the possibility of a U.S. default like a yo-yo with little regard for the international economic system that depends on American solvency.
Despite China’s traditional preference of staying out of the domestic affairs of other nations, senior Chinese officials’ frustrations are growing louder and louder. Stephen Roach, the non-executive chairman of Morgan Staley Asia, said senior Chinese officials told him the debt ceiling debte in the U.S. is “truly shocking.” “We understand the politics,” a Chinise official said, “but your government’s continued recklessness is astonishing.” And newspapers around the world are voicing discontent with Congress’s handling of the debt ceiling . . .
Frank Bruni: Taxes, and a Dangerous Purity
WHAT does the face of antitax absolutism look like?
It has a tentative beard, more shadow than shag, like an awkward weigh station on the road from callow to professorial. It wears blunt glasses over narrowed eyes that glint mischievously, and its mouth is rarely still, because there’s no end to the jeremiads pouring forth: about the peril of Obama, the profligacy of Democrats and the paramount importance of opposing all tax increases, even ones that close the loopiest of loopholes.
It belongs to Grover Norquist, and if you hadn’t seen it before, you probably spotted it last week, as he pinged from CNN to MSNBC to Fox, reveling in the solidarity Republicans had shown against any new revenue. The country was lurching toward a possible default, but Norquist was riding high. In between television appointments on Thursday, he met me for breakfast near Times Square.
New York Times Editorial: Meanwhile, Back in the Economy
The economy is in trouble, and Washington – fixated on budget slashing at a time when the economy needs more spending – seems determined to make matters worse.
On Friday, in the midst of the debt limit battle, the government reported that economic growth nearly ground to a halt in the first quarter of 2011, a far worse performance than previously estimated. The second-quarter growth number, a feeble 1.3 percent annual rate, is not nearly enough to stop unemployment from rising even higher.
Nor are there persuasive signs that absent more government support, conditions will turn around anytime soon. Indeed, they are bound to worsen if Congress approves deep near-term spending cuts as part of a debt-limit deal while letting relief and recovery measures
Jul 30 2011
Health and Fitness News
Welcome to the Stars Hollow Health and Fitness weekly diary. It will publish on Saturday afternoon and be open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Also an opportunity to share and exchange your favorite healthy recipes.
Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.
You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.
These stuffed tomatoes can be made more flavorful with additional anchovies.
Pomegranate molasses makes this Lebanese dish both sweet and sour.
This is a light summer chopped salad with chewy and crunchy textures. Give it time to marinate for the best flavor.
Once roasted, cherry tomatoes become even sweeter. Serve these as an appetizer or side dish.
Tomatoes make an unusual appearance in this Italian-style egg drop soup.
Jul 30 2011
Punting the Pundits
“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 Kuttner: Where is Our Crisis President?
Obama should have steered us away from disaster. Instead he drove us straight to it.
Like most American spectators watching this slow-motion train wreck of a budget disaster, I have assumed that at the last minute the damsel would be pulled off the track of the oncoming train. Somehow, the Republicans would appreciate the stakes, a compromise (albeit on sickeningly Republican terms) would be reached, and the nation would be spared the catastrophe of default-a gratuitous deepening of an already dire economic mess.
Now I am not so sure. In the last 48 hours, the Republicans have dug in even more, and Democrats are drawing the line at the Reid plan (which is already far too Republican).
For those who think that a default won’t happen because it is in nobody’s interest, think back on World War I. It was in nobody’s interest. Yet it destroyed Europe’s common civilization and ushered in nearly a century of economic instability and war. World War I occurred because both sides dug in and assumed the other would have to blink first. But that was a miscalculation. Instead of a last-minute deal, we got four years of trench warfare, economic ruin, and millions of wasted lives. Oops.
New York Times Editorial: It’s Up to the Senate
Mr. Reid is negotiating with Republicans on their demands for an enforcement mechanism to make sure the deficit cuts take place in the later years of the deal. Both parties envision a bipartisan panel that could recommend cuts; if those are not adopted, some kind of automatic cuts would go into effect. This automatic knife can be dangerous, arbitrarily cutting without regard to economic circumstances. Democrats should insist that taxes and revenues are not ruled out as a way to lower the deficit.
The House planned a deliberately obstructionist vote on Saturday against the Reid bill, but some Senate Republicans are signaling they are willing to agree to this more reasonable framework. If enough of them can join the Democrats and ignore the bleats of the Tea Party, it may still be possible to avert calamity.
It’s becoming more and more obvious that Standard and Poor’s has a political agenda riding on the notion that the US is at risk of default on its debt based on some arbitrary limit to the debt-to-GDP ratio. There is no sound basis for that limit, or for S&P’s insistence on at least a $4 trillion down payment on debt reduction, any more than there is for the crackpot notion that a non-crazy US can be forced to default on its debt.
Whatever S&P’s agenda, it has nothing to do with avoiding default risks or putting the US on sound fiscal footing. It appears to be intertwined with their attempts to absolve themselves from responsibility for their role in the 2008 financial crisis, and they are willing to manipulate not only the 2012 election but the world economy to escape the SEC’s attempts to regulate them.
It’s time the media and Congress started asking Standard and Poors what their political agenda is and whom it serves.
Thomas Geoghegan: Use Article I to Address Debt Ceiling
But is the debt ceiling law really unconstitutional? My old law professor says no. He also says no one has “standing” – an inside baseball term for the special injury a litigant must plead in order to sue. Other law professors opine that the courts will do nothing, because it is a political question.
Of course, as to whether anything is “unconstitutional,” there is no Platonic answer up there in heaven. It’s unconstitutional if a court says it is.
Virtually the entire legal debate about the debt ceiling has been focused on the 14th Amendment, section 4. It’s easy to see why. The language is on point: “The validity of the public debt of the United States, authorized by law…shall not be questioned (emphasis supplied).” That would seem to say: If Congress authorized it, Congress must pay for it.
But the far better case is that, under Article I of the Constitution, Congress has no power to welch on a debt. Article I, unlike the 14th Amendment, is a restraint on Congress. If the power is not in Article I – Congress does not have it.
William Greider: Obama’s Bad Bargain
The most distressing outcome of the deficit hysteria gripping Washington may be what Barack Obama has revealed about himself. It was disconcerting to watch the president slip-slide so easily into voicing the fallacious economic arguments of the right. It was shocking when he betrayed core principles of the Democratic Party, portraying himself as high-minded and brave because he defied his loyal constituents. Supporters may hope this rightward shift was only a matter of political tactics, but I think Obama has at last revealed his sincere convictions. If he wins a second term, he will be free to strike a truly rotten “grand bargain” with Republicans-“pragmatic” compromises that will destroy the crown jewels of democratic reform.
The president has done grievous damage to the most vulnerable by trying to fight the GOP on its ground-accepting the premise that deficits and debt should be a national priority. He made the choice more than a year ago to push aside the real problem-the vast loss and suffering generated by a failing economy.
Tarak Barkawi: Neoliberalism, Not Multiculturalism Is Biggest Threat to Western Values
The paranoid style in politics often imagines unlikely alliances that coalesce into an overwhelming threat that must be countered by all necessary means.
In Clash of Civilizations, Samuel Huntington conjured an amalgamated East – an alliance between “Confucian” and “Islamic” powers – that would challenge the West for world dominance. Many jihadis fear the Crusader alliance between Jews and Christians. They forget that until recently, historically speaking, populations professing the latter were the chief persecutors of the former.
Now Anders Breivik has invoked the improbable axis of Marxism, multiculturalism and Islamism, together colonising Europe. As he sees multiculturalism as essentially a Jewish plot, Breivik has managed to wrap up the new and old fascist bogies in one conspiracy: communists, Jews and Muslims.
Lee Saunders: Undermining the Right to Vote
There is no right more precious in our nation than the right of citizens to cast a ballot on Election Day. That is why generations of Americans have sacrificed and even died in efforts to expand the right to vote. Yet across the country, powerful corporate interests and the right-wing politicians who do their bidding are working hard to make it more difficult for citizens to vote. In more than two dozen states this year, bills have been introduced to restrict the right to vote; and in several states where Wall Street-backed Republicans control both houses of the legislature, governors have signed these fundamentally misguided measures into law.
As a result of these cynical attempts to turn back from the progress America has made in expanding voting rights, millions of voters are in for a surprise when they go to the polls. They will find new requirements that have never before existed, requirements that have been put in place to keep particular voters – students, minorities and senior citizens – from having their voices heard in our democracy.
Jul 30 2011
On This Day In History July 30
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.
Click on images to enlarge
July 30 is the 211th day of the year (212th in leap years) in the Gregorian calendar. There are 154 days remaining until the end of the year.
On this day in 1965, President Lyndon B. Johnson signs Medicare, a health insurance program for elderly Americans, into law. At the bill-signing ceremony, which took place at the Truman Library in Independence, Missouri, former President Harry S. Truman was enrolled as Medicare’s first beneficiary and received the first Medicare card. Johnson wanted to recognize Truman, who, in 1945, had become the first president to propose national health insurance, an initiative that was opposed at the time by Congress.
The Medicare program, providing hospital and medical insurance for Americans age 65 or older, was signed into law as an amendment to the Social Security Act of 1935. Some 19 million people enrolled in Medicare when it went into effect in 1966. In 1972, eligibility for the program was extended to Americans under 65 with certain disabilities and people of all ages with permanent kidney disease requiring dialysis or transplant. In December 2003, President George W. Bush signed into law the Medicare Modernization Act (MMA), which added outpatient prescription drug benefits to Medicare.
Medicaid, a state and federally funded program that offers health coverage to certain low-income people, was also signed into law by President Johnson on July 30, 1965, as an amendment to the Social Security Act.
Jul 30 2011
Congressional Game of Chicken: Countdown to Default (Up Date x 3)
The Boehner bill on raising the debt ceiling barely passed the House on a strict partisan line with a vote of 218 to 210. Not one Democrat voted for the bill, 22 Republicans voted against it and 5 Democrats were not present to vote. The bill was essential dead on arrival in the Senate where it was quickly table in a bipartisan vote of 59 to 41.
This is what’s next but it won’t happen until very late Saturday night/early Sunday morning. Why because Sen. Mitch McConnell says so. McConnell is refusing to even negotiate with Reid
Senate Majority leader Harry Reid’s proposed bill is no prize either but at least it moves the debt ceiling limit to past the 2012 election into 2013 and a new congressional session. (I think Reid is betting on taking back the House.) Reid also said that he is open to tweaking but it’s up to Republicans
At a late Friday press conference, Reid suggested that the door is still open to further tweak his proposal, including by adding failsafes to assure future entitlement and tax reforms — but it’s up to Republicans to offer up their votes.
“We have a closet full of triggers, people have suggested dozens of them but even though earlier this week, I was sitting talking to Jack Lew about triggers for an hour and a half and we can’t get Republicans to move on any trigger. We’re not going to have cuts on more programs without some revenue – that is a line we’ve drawn in the sand,” Reid said. “It’s up to the Republicans, right now we have a proposal…we are waiting for them to do something, anything, move toward us.”
How The Revised Reid Amendment Compares To The Revised Boehner Bill
h/t David Dayen @ FDL and Brian Buetler @ TPM
Up Date, 12:22 PM EDT: House Speaker John Boehner has said that the Reid bill is “dead in the water” and is refusing to meet or compromise with the Democrats. The Senate will vote for cloture on the bill at 1 AM Sunday morning. Boehner plans to hold a symbolic vote on the bill this afternoon to reject the plan preemptively.
Reid’s plan which cuts more without new revenue and creates the “super commission” only differs in the length of time for considering raising the debt ceiling again. The bi[artisan Senate plan extends the debt ceiling through 2012 while the tea party plan wants it rehashed in 5 months with guarantees that a “cut, cap and destroy” constitutional amendment is passed. Boehner is probably the worst house speaker since Newt Gingrich and even he knew how to get his ducks in a row and conpromise.
Up Date: 15:35 EDT The House has voted to reject the Reid bill before it even gets to a vote in the Senate. All of the Republicans votes nay along with a few Democrats. The voter was 173 – 246.
House Minority Leader Nancy Pelosi and Sen. Reid are on their way to the White House to meet with the President to presumably to discuss options and the next move.
This is what you get for negotiating with terrorists.
The Reid bill will still come to a vote late tonight at 1 AM EDT.
Up Date 1430 EDT: The Reid bill failed to reach cloture this afternoon it is now back to the drawing board.
Jul 30 2011
Countdown with Keith Olbermann
If you do not get Current TV you can watch Keith here:
Jul 29 2011
Punting the Pundits
“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”.
Paul Krugman: The Centrist Cop-Out
The facts of the crisis over the debt ceiling aren’t complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation. And Democrats – who would have been justified in rejecting this extortion altogether – have, in fact, gone a long way toward meeting those Republican demands.
As I said, it’s not complicated. Yet many people in the news media apparently can’t bring themselves to acknowledge this simple reality. News reports portray the parties as equally intransigent; pundits fantasize about some kind of “centrist” uprising, as if the problem was too much partisanship on both sides.
Joe Conason: Why China is Laughing All the Way to the Bank
The global impact of the American debt crisis-and the likelihood of permanent damage to American interests-are already visible to Sen. John Kerry, D-Mass., from his perch as chairman of the Senate Foreign Relations Committee. Indeed, he is not only seeing but hearing those effects.
“The Chinese are laughing all the way to the bank,” said the former Democratic presidential nominee, because a downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation’s largest creditor-and our most important competitor in the international arena.
“If we suffer a downgrade of our (U.S. Treasury) debt simply because of the brief time before we have to go through this exercise again,” said Kerry, referring to the House Republican insistence on a debt-limit increase that will expire before next Christmas, “it would mean billions of additional dollars that would have to be paid to the Chinese.”
What we should be talking about when we talk about the debt ceiling is the proper role and size of government. Instead, we are asking whether the government spends too much on programs that alleviate the pain that is the result of government policies in the first place. Social Security, Medicare, Medicaid, unemployment insurance and food stamps are all good programs, but all are meant to deal with the consequences of the income inequality that the government makes possible by the laws it passes. Income security programs make up 65 percent of all government expenses, and from this we are asked to conclude that the government is mainly in the business of serving and taking care of common people. But the most profound actions that the government takes, passing laws that make the rich rich, ostensibly cost no money and, because we play along, enforcing them supposedly has no cost.
Any agreement by Congress to cut the income security programs while leaving the main beneficiaries from our government-the rich-untouched, would be unconscionable. If Congress does not reach an agreement, and the deficit remains unfunded, this will give the president an unprecedented opportunity to expose who the government really serves, because it will be up to him alone; no agreement from Congress would be necessary to decide where to cut. Let him first withhold money from the enforcement and the support of laws that enrich the rich. This would lead to higher wages for workers and lower prices for consumers, and it would therefore be a good quid pro quo for the cuts he wants to make in income security programs.
Timothy Egan: A Madman and His Manifesto
It passed with only scant notice, as with so many of the rude extremes of American life in a kinetic media age. The bodies of those Norwegian children slaughtered by a terrorist had yet to be fully recovered, let alone buried, when Glenn Beck compared the victims to Nazis.
The summer camp where children of the Norwegian Labor Party went for soccer, swimming, political debates and lectures “sounds a little like, you know, the Hitler Youth,” Beck said in his national radio broadcast.
No, Beck wasn’t justifying the killing of 68 people on Utoya Island. He was merely muddying the humanity of those young people executed by Anders Behring Breivik, the self-professed “Christian Knight” who has confessed to the attacks. But Beck’s Web site, The Blaze, was full of justifications for the mass murder of innocents, and provided a sampling of the troubled audience he caters to in this country.
Eugene Robinson: Why progressives need a Big Idea
Those who would chronicle events in Washington can find no richer source of analogy and metaphor than the Three Stooges. These days, I’m thinking of the times when an exasperated Moe, having suffered the indignity of an accidental spritzing or clobbering, turns to Larry or Curly and demands, “What’s the big idea?”
The premise of the debt-ceiling fight is too far-fetched for a Stooges film, since no audience could imagine leaders of a great nation stumbling into such a mess. Moe’s trademark line is still relevant, however, even if it’s not followed by the two-fingered poke in the eyes that our elected officials richly deserve.
It is clear that unless President Obama ends up taking unilateral action to break a hopeless deadlock, Republicans will win. The House, the Senate and the White House are all working within GOP-defined parameters: New tax revenue is off the table, painful budget cuts are a given, everyone seems to accept the principle that a debt-ceiling increase – which allows the Treasury to pay bills Congress has already incurred – must be tied to reductions in future spending.
Terrence Heath: Why the GOP Aims to Sink the Economy
“Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.” ~ Mark Twain ~
If our economy was the RMS Titanic, Republicans would be like an ambitious first mate, so eager to seize power from the captain that he steers the ship of state into an iceberg, thinking he’ll take over when the captain goes down with the ship. Republicans have forgotten – or no longer care – they’re on the boat too, and they’re working very hard to ensure that the country will be nearly ungovernable should they succeed in seizing the reins of government.
If it seems like the White House is arranging deck chairs on the Titanic, the GOP is busy measuring the the captain’s quarters for drapes, even as the ocean pours in. And the tea party orchestra plays on, with just one song on the playlist – “Under the Sea.”
You can take your pick for the moment the GOP noticably went off the rails. I have two favorites: when it fell to Peggy Noonan to be the Republicans’ voice of reason following Sarah Palin’s VP nomination, and when David Brooks warned the GOP that it “may no longer be a normal party”. Together, they’re the political equivalent of Courtney Love showing up at your intervention and Charlie Sheen offering you a ride to rehab. But this Republican party isn’t likely to heed such sane voices as Noonan and Brooks, and would just as soon throw them overboard.
Stephen Rohde: Getting Away With Torture: the Ill Treatment of Detainees
Should the U.S. government officials most responsible for setting interrogation and detention policies following the Sept. 11, 2001 attacks be investigated, and if warranted prosecuted, under United States and international law?
snip
HRW found that “there is enough strong evidence from the information made public over the past five years to not only suggest these officials authorized and oversaw widespread and serious violations of US and international law, but that they failed to act to stop mistreatment, or punish those responsible after they became aware of serious abuses.”
Moreover, although Bush administration officials have claimed that detention and interrogation operations were only authorized after extensive discussion and legal review by Department of Justice attorneys, HRW concludes that “substantial evidence that civilian leaders requested that politically appointed government lawyers create legal justifications to support abusive interrogation techniques, in the face of opposition from career legal officers.”
Jul 29 2011
On This Day In History July 29
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.
Click on images to enlarge
July 29 is the 210th day of the year (211th in leap years) in the Gregorian calendar. There are 155 days remaining until the end of the year.
On this day in 1858, the Harris Treaty was signed between the United States and Japan was signed at the Ryosen-ji in Shimoda. Also known as the Treaty of Amity and Commerce, it opened the ports of Edo and four other Japanese cities to American trade and granted extraterritoriality to foreigners, among other stipulations.
The treaty followed the 1854 Convention of Kanagawa, which granted coaling rights for U.S. ships and allowed for a U.S. Consul in Shimoda. Although Commodore Matthew Perry secured fuel for U.S. ships and protection, he left the important matter of trading rights to Townsend Harris, another U.S. envoy who negotiated with the Tokugawa Shogunate; the treaty is therefore often referred to as the Harris Treaty. It took two years to break down Japanese resistance, but with the threat of looming British demands for similar privileges, the Tokugawa government eventually capitulated.
Treaties of Amity and Commerce between Japan and Holland, England, France, Russia and the United States, 1858.The most important points were:
* exchange of diplomatic agents
* Edo, Kobe, Nagasaki, Niigata, and Yokohama‘s opening to foreign trade as ports
* ability of United States citizens to live and trade in those ports
* a system of phttp://en.wikipedia.org/wiki/Extraterritoriality extraterritoriality] that provided for the subjugation of foreign residents to the laws of their own consular courts instead of the Japanese law system
* fixed low import-export duties, subject to international controlThe agreement served as a model for similar treaties signed by Japan with other foreign countries in the ensuing weeks. These Unequal Treaties curtailed Japanese sovereignty for the first time in its history; more importantly, it revealed Japan’s growing weakness, and was seen by the West as a pretext for possible colonisation of Japan. The recovery of national status and strength became an overarching priority for the Japanese, with the treaty’s domestic consequences being the end of Bakufu (Shogun) control and the establishment of a new imperial government.
Jul 29 2011
Buyer’s Remorse
I don’t even know what the hell the teabaggers want. Oppose whatever Obama might not veto, and blow up the world seems to be the agenda. ~ Atrios
Regrets, they have a few. After spending billions of dollars to buy the House, the US Chamber of Commerce has discovered that those Tea Party Republicans have a different idea about the economic needs of the country. The Chamber has been unsuccessful in convincing the freshmen, as well as, some of the more seasoned representatives that it is imperative to raise the debt ceiling to protect “the faith and credit of the US. The Tea Party caucus is winning
The chamber and other business groups have pressed with increasing urgency for Congress to raise the maximum amount that the government can borrow. They have cataloged the consequences of default at meetings, parties and dinners and over drinks.
On Tuesday, the chamber threw its weight behind the proposal of the House speaker, John A. Boehner, telling recalcitrant Republicans that a pending vote on the plan was a with-us-or-against-us moment that would be remembered during the next election campaign.
But as the government runs out of money, those efforts have not produced the desired result. The freshman class of House Republicans, along with longer-serving members, is balking at Mr. Boehner’s plan, let alone anything that Senate Democrats and the White House might be willing to accept.
David Case at Global Post‘s Macro says that business is fed-up with irrational right-wingers:
With the specter of a economic catastrophe looming unless Washington agrees to increase the government’s debt ceiling, Wall Street is already feeling the pinch. As lawmakers bicker, U.S. stocks have fallen for four straight days. The Dow has shed 3.3 percent, leaving it “on pace for its worst week since August 2010,” according to the Wall Street Journal. Meanwhile, investors this week gave the cold shoulder to a recent federal debt auction, foreshadowing downward pressure on the economy, higher borrowing costs and, in all likelihood, higher taxes on Americans (via even greater interest payments on our 14.3 trillion in debt) if lawmakers don’t get the deal right.
Who is to blame for this? “Tea Party hardliners,” according to an insightful analysis by Financial Times journalist Stephanie Kirchgaessner.
(emphasis mine)
At this point because of the doubt that this purely manufactured crisis, the average American tax payer will pay more thanks to the tea party idiots who are opposed to raising taxes. To say that this is pure idiocy on their part is an understatement. In the end they will play the victims and blame President Obama who wanted to give them even more that what they are now asking.
That is going to be not just a headache for the billionaires of the Chamber of Commerce but a migraine for most of the rest of the country. The Chamber of Commerce has a big problem that they created, like this whole manufactured crisis over merely paying the bill for what the US has already spent.
Jul 29 2011
Countdown with Keith Olbermann
If you do not get Current TV you can watch Keith here:
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