Tag: Punting the Pundits

Darren Wilson will probably get let off.

It’s an outcome that will appall many Americans, sparking outrage not only in Ferguson but throughout the country. And despite all of that, it’s an outcome that will not surprise any black person, including yours truly. [..]

This isn’t knee-jerk pessimism at work here. To the black community, a non-indictment for Brown would be predictable. It would be as predictable as the verdict in the trial over the shooting death of unarmed 17-year-old Trayvon Martin, a verdict that acquitted defendant George Zimmerman, allowing him to continue doing stupid things. Or as predictable as the involuntary manslaughter verdict handed down in the shooting death of restrained, unarmed, 23-year-old Oscar Grant in Oakland. Or as predictable as the acquittal of police officers charged with killing unarmed Sean Bell in Queens, New York by firing 50 shots into his vehicle. As predictable as the acquittal of the police officers who fatally shot unarmed Amadou Diallo 19 times, killing him. As predictable as the acquittals in the infamous police beating of Rodney King. And so on, back to Emmett Till and before.

David Cay Johnston: Top incomes soared as tax rates fell

New IRS data show that just 400 households captured 6 percent of the entire nation’s income growth in 2010

For those at the very top 2010 will be remembered as a very good year. While most Americans struggled to recover from the worst economic collapse since the Great Depression, top incomes soared while tax burdens for those incomes fell.

The 400 tax returns for those with the highest reported incomes showed 31 percent more income in 2010 than in 2009, when the recession officially ended at midyear. Soaring stock prices fueled the increase at the top.

On average incomes of $265.1 million the top 400 paid 18 percent in federal income taxes, down from 19.9 percent in 2009. The lowest tax on the top 400 was 16.6 percent in 2007.

Each of the top 400 paid tax at the same rate as a single worker making $80,000 in 2010. Assuming a 40-hour workweek, it took each of the top 400 about 40 minutes to earn that much.

These figures from an IRS report released Friday show how much government policy has helped those at the top amass even larger fortunes thanks to lower tax rates. It also shows how far the United States has moved away from the ancient principle of progressive taxation, born in Athens nearly 2,500 years ago and endorsed by political thinkers and economists from Aristotle and Adam Smith to Alfred Marshall and Milton Friedman

Ray McGovern: CIA’s Torturous Maneuvers on Torture

“CIA may revamp how it is organized” announced a front-page Washington Post headline leading into an article based on remarks by unnamed “U.S intelligence officials” to the Post’s Greg Miller. The anonymous officials were authorized to share some of the contents of a Sept. 24 letter from CIA Director John Brennan to CIA staff, in which Brennan says, “The time has come to take a fresh look at how we are organized as an agency.”

On Brennan’s orders, senior agency officials were put to work on what Miller reported would be “among the most ambitious [reorganizations] in CIA history.” But Miller’s sources emphasized that the activity was in its preliminary stages and that no final decisions had been made; the proposed changes might be scaled back or even discarded.

But the reorganization story on Thursday – with its suggestion of CIA “reform” – came at an opportune time to possibly distract attention from another behind-the-scenes battle that is raging over how – and indeed whether – to release the findings of a five-year Senate Intelligence Committee investigation into the CIA’s use of torture during George W. Bush’s administration and how the agency lied to Congress about the efficacy of torture techniques – and their humaneness.

Deborah Orr: Mike Nichols made films about women – sadly a rarity in Hollywood

If you count success in Oscar nominations, then Mike Nichols certainly didn’t fulfil his early promise. His 1966 debut film, Who’s Afraid of Virginia Woolf?, got 13 nominations and won five. His second, The Graduate, got a mere seven nominations and one win. The 20 other films he went on to make managed 22 nominations and one Oscar between them, for best song.

Nichols died this week, at 83, and the obituaries have been full of praise. But an Observer piece 10 years ago summed up, I think, the general feeling about his career as a film director: “Nichols is now regarded as a safe pair of hands in Hollywood, a mainstream, middle-brow director who is wonderful with stars.”

“Wonderful with stars.” Talk about being damned with faint praise. Nichols, actually, was wonderful at making films that offered realistic portrayals of women. Perhaps this went unnoticed because it has not, historically, been a Hollywood priority. But it was the outstanding feature of those two early films, and of many of his films since.

Quite a few of his movies have been about women or written by women. Silkwood starred Meryl Steep as a nuclear power whistleblower, and was written by Nora Ephron and Alice Arlen. Postcards from the Edge starred Streep again, as a drug-addicted actress, and was based on Carrie Fisher’s screenplay. Gilda Live was a film of Gilda Radner’s one-woman Broadway show. Two of his films, Primary Colors and 1996’s The Birdcage, were written by his former comedy partner of several decades earlier, Elaine May. Even the fact that the guy had a female comedy partner in the 1950s suggests that his view of women was notably progressive for its time.

When TransCanada CEO Russ Girling touted Keystone as an engine of employment on ABC News’ “This Week” last Sunday, he insisted that its construction would create 42,000 jobs. Not only would his venture create those 42,000 “direct and indirect” jobs, boasted Girling, but also those positions would be “ongoing and enduring” rather than temporary like most construction jobs; he cited a State Department study that drew no such conclusions. A company spokesman later tempered Girling’s pronouncements, more or less acknowledging that they had been grossly exaggerated. The number of permanent jobs after the construction would top out at about 50. With or without Keystone, the national economy already produces about 42,000 jobs every week, so it just wouldn’t matter much.

Yet even if Keystone would actually result in tens of thousands of permanent jobs, its expected impact on the environment, health and safety raised grave questions about whether it should be permitted to proceed. But there are pipeline projects of unquestioned value that could create far more jobs for many more years than any of Keystone’s promoters ever contemplated.

Amy Goodman: Keystone, Climate Change and the Cold

It was a dramatic scene in the Senate this week. As Sen. Elizabeth Warren, presiding, announced the defeat of the Keystone XL pipeline, a Crow Creek Sioux man from South Dakota sang out in the Senate gallery. A massive people’s climate movement against extracting some of the dirtiest oil on the planet had prevailed … at least for now.  [..]

President Obama signaled before the Senate vote that he has grown skeptical of the Keystone XL, and its proponents’ claims that it will create jobs and lower domestic gasoline prices: “Understand what this project is: It is providing the ability of Canada to pump their oil, send it through our land down to the Gulf, where it will be sold everywhere else.”

Meanwhile, another president, Cyril Scott of the Rosebud Sioux Tribe, said in a statement: “We will close our reservation borders to Keystone XL. Authorizing Keystone XL is an act of war against our people.”

With record-breaking cold gripping the nation this week, and a year’s worth of snow dumping on Buffalo, N.Y., in a single day, we have to ask: What will it take to listen to the science, and to aggressively address the global threat of catastrophic climate change?

Zoë Carpenter: After Fearmongering Kills the NSA Reform Bill, What’s Next?

For a few hours on Tuesday, the Islamic State looked like the best thing that ever happened to the National Security Agency. The USA Freedom Act, a modest bill seen as the best chance for reforming one of the NSA’s dragnet surveillance programs, failed to clear a procedural hurdle in the Senate by two votes after Republicans insisted that it would precipitate a terrorist attack. [..]

Off the Hill, the government’s surveillance tactics are being confronted in a number of ways. Fearful for their bottom line, tech companies are taking a serious interest in encryption, and foreign governments are searching for ways to circumvent the United States when it comes to the Internet. Multiple challenges to the telephone-records dragnet are pending in federal courts. One judge, who called the NSA’s activities “almost Orwellian,” has already ruled that bulk collection likely violates the Fourth Amendment. But whether the pending cases will lead to meaningful constraints on the NSA isn’t clear. Greenwald, for one, has as little faith in the judiciary as he has in Congress, writing that it’s the institution “most consistently subservient to the National Security State” in the post-9/11 era. But absent the emergence of a spine in Congress with regards to the incessant fearmongering that serves as a shield for government spying, a patchwork of court rulings and the power of consumer choice looks increasingly like the only viable defense.

Sonali Kolhatkar: Mexicans Have Had Enough of U.S.-Backed Violence and Exploitation

Mexico’s nationwide general strike on Thursday, Nov. 20 is a unified rallying cry to end the corruption, crime and violence that have plagued the country for decades and are symbolized most recently by the apparent slaying of 43 students in Ayotzinapa, Guerrero. But, lest we Americans consider ourselves outsiders, observing another nation’s mayhem with detachment, it is important to clarify that Mexico’s problems are in large part our doing.

Communities in Guerrero, Chiapas and other states in Mexico have seen their lands stripped of resources to appease the lure of foreign investment via the North American Free Trade Agreement, championed by the U.S. under various presidents starting with Clinton. Concurrent with the rise of poverty caused by free trade has been a steady increase in organized crime and narco-trafficking. The U.S. funding of a “war on drugs,” which was supposed to take aim at the traffickers, has instead largely fueled collusion between law enforcement, politicians and criminal syndicates.

Republicans like to talk about impeaching President Obama, but there is a far more deserving candidate for impeachment-Chief Justice John Roberts of the Supreme Court. While the Republicans in Congress have blocked Democrats from enacting much of substance, the GOP majority in control of the Court has been effectively legislating on its own, following an agenda neatly aligned with their conservative party. Step by step, the five right-wing justices are transforming the terms of the American political system-including the Constitution.

They empowered “dark money” in politics and produced the $4 billion by-election of 2014. They assigned spiritual values to soulless corporations who thus gained First Amendment protection of free speech and religion. The justices effectively gutted the Voting Rights Act of 1965, even as they allowed state governments to create new obstacles for minority voting. The High Court made it okay to take guns to church and more difficult to keep guns from dangerous people. It rendered a series of decisions that collectively shifted political power from the many to the few.

This power grab by the unelected-and supposedly non-partisan-justices has already produced a historic rewrite of America democracy. But it was done by blatantly usurping the decision-making authority that belongs to the elected government in Congress and the executive branch. The Republican justices are not finished with their undeclared revolution. They will continue unless and until people rise up and stop them.

Richard (RJ) Eskow: Guess Who Doesn’t Want Social Security’s Offices Closed — and Who Does

Some surprising new polling results underscore the unpopularity — and long-term destructiveness — of Congress’ ongoing attacks on the Social Security system.

The new Republican Congress is expected to force additional office closures and impose additional cuts on the Social Security Administration’s budget, even as a poll released this week by Social Security Works shows that the public overwhelmingly opposes the flimsy rationale for those cuts.

We’re told that automation can pick up the slack as more offices are shuttered and more workers are laid off. But the polling shows that Americans overwhelmingly prefer human assistance to the Internet or email, which means they won’t be happy with the change. [..]

The survey also shows that most people prefer to talk to a human being, either by phone or in person, when interacting with the Social Security system. Only 11 percent want to use the Internet or email to request a new Social Security card, for example. Unfortunately, an unpublicized Social Security Administration plan would force them to do exactly that — and upcoming GOP cuts could accelerate that effort.

In an exclusive look at some of the raw polling data, a surprising fact came to light: Voters under 30 dislike the idea of using web-based services much more than older voters do. Only 3 percent would prefer to order new Social Security cards via Internet or email, far less than the 11 percent figure for voters overall. Only 4 percent want to apply for retirement benefits via the Internet or email, as opposed to 13 percent overall.

Vi Waln: The Keystone XL’s Senate failure isn’t the end of the pipeline as an act of war

My Lakota people are still prepared to protect our clean water. This remains a death project

My Lakota people have a phrase – Mni Wiconi – which means “water of life”. Water is also Pejuta – our primary medicine. It is an extremely sacred element without which we cannot live, yet many people take it for granted. They do not realize: when our drinking-water sources are gone or contaminated, humanity will perish.

Water is also present in every single Lakota ceremony at which I pray – it is essential to our ceremonial way of life. Like our ancestors who sacrificed their very lives for our survival, many of us pray for the descendants who will soon stand in our place, and one of our most important prayers is for our descendants to always have an abundance of clean drinking water.

But TransCanada’s Keystone XL oil pipeline (KXL), which the company has proposed building directly over the Ogallala Aquifer, is still an immediate threat to all of us who drink water from that underground reservoir.

Kaci Hickox: Stop calling me ‘the Ebola nurse’

I never had Ebola, and politicians who lie do nothing to protect your health

I never had Ebola, so please stop calling me “the Ebola Nurse” – now!

This is what did happen: I was quarantined against my will by overzealous politicians after I volunteered to go and treat people affected by Ebola in west Africa. My liberty, my interests and consequently my civil rights were ignored because some ambitious governors saw an opportunity to use an age-old political tactic: fear. Christie and my governor in Maine, Paul LePage, decided to disregard medical science and the constitution in hopes of advancing their careers. They bet that, by multiplying the existing fear and misinformation about Ebola – a disease most Americans know little about – they could ultimately manipulate everyone and proclaim themselves the protectors of the people by “protecting” the public from a disease that hasn’t killed a single American. Politicians who tell lies such as “she is obviously ill” and mistreat citizens by telling them to “sit down and shut up” will hopefully never make it to the White House. [..]

want to live in a country that understands Ebola. I want to live in a world that cares about those dying from this terrible disease in West Africa. Nobody should’ve had to watch me ride my bicycle out in the open as politicians fed the public false fears and misinformation. I want to live in an America that reaches out to aid workers as they return from West Africa and says, “We loved and stood by you when you were fighting this disease. We will love and stand by you now.”

We can define compassion, instead of being ruled by fear and fear-mongers.

Rape apologists are neither edgy nor new. Why are they given such prominent platforms?

How we think about rape matters. It determines how we talk about rape, it determines how the media writes about rape and, ultimately, it determines what we as a society do about rape.

And right now, we are not doing enough. [..]

So you might think that someone given a platform at the New York Times, like  Yale law professor Jed Rubenfeld was in Sunday’s paper, might have done more than simply note that women are attacked “in appalling numbers” and colleges mishandle rape cases.

Instead, what followed that barest of acknowledgements of the epidemic of rape – on the front cover of the Times’ Sunday Review section, ostensibly some lingering bastion of “thought leadership” – was misinformation, cherry-picked research and a series of inflammatory, baseless arguments.

Joanna Rothkopf: Wrong, NRA-Right-to-Carry Laws Actually Increase Gun Violence

New study definitely debunks gun nuts’ crazy theory that more guns make us safer.

A new study from researchers at Stanford University debunks the oft-cited fact that  more guns leads to less crime. In fact, the researchers found, the opposite is the case: right-to-carry laws are associated with higher rates of aggravated assault, rape, robbery and murder.

The results of the study are imperfect. Lead author of the study and Stanford law professor  John J. Donohue III said, “Trying to estimate the impact of right-to-carry laws has been a vexing task over the last two decades.” While they specifically found that right-to-carry laws had yielded 8 percent more instances of aggravated assault, that number isn’t set in stone because of a number of confounding factors (such as various drug epidemics). Regardless, Donohue says that 8 percent is a low guess-the reality could be much higher.

Still, the study’s findings are significant in that it pokes a hole in the gun lobby’s main argument.

Amy B. Dean: The labor movement helps Ferguson heal

By highlighting racial injustice, the AFL-CIO is leading an effort to address tensions in working-class America

Given organized labor’s mixed record on race, it may seem hard to imagine that unions can play a vital role in bridging racial divides in working-class America. But some labor activists are insisting that they cannot do anything less.

In 2008 the president of the AFL-CIO, Richard Trumka, openly criticized union members who were hesitant to vote for then-candidate Barack Obama because of his race. Trumka has since made addressing racial injustice a priority for the country’s largest labor federation. It is not surprising, then, that he has now waded into the crisis in Ferguson, Missouri, pledging the AFL-CIO’s support to help address the ongoing turmoil sparked by the Aug. 9 shooting of African-American teen Michael Brown by white police officer Darren Wilson. [..]

Such outspoken stances reflect an increasingly important reality: Few institutions in American life bring together as much diversity under one roof as organized labor, and even fewer have the political heft to influence our public policy discussions. This gives labor leaders and grass-roots union activists a unique platform from which they can speak about how our country’s racial divisions might be overcome.

Jill Lawrence: The Democratic comeback plan

Shower money and energy on the states to advance policy and nurture tomorrow’s big names

There’s no getting over a heartache until you plunge yourself into something (or someone) fresh and consuming. That’s what Democrats should do in the wake of their miserable midterm elections. Specifically, party activists and donors should direct their cash and attentions to state legislatures and state ballot initiatives. It’s the smart move both psychologically and politically.

Obviously Democrats can’t ignore the 2016 House, Senate, gubernatorial and presidential elections. But party movers and shakers must also understand the potential payoff of a forceful presence well below those levels. There’s a diminishing bench of prospects for the higher offices that needs to be rebuilt from the ground up and a policy agenda that is making more progress through direct, state-specific appeals to voters than in Congress. Think of the possibilities: Minimum wage hikes today, Medicaid expansion tomorrow? [..]

The urgency for Democrats can’t be overstated. They need to start now if they want to have solid candidates and policies on state ballots in 2016, when they may be able to capitalize on the high turnout and friendlier electorate of a presidential year. If any further incentive is needed, how about the prospect of a second round of Republican-dominated redistricting after the 2020 census? The last remapping locked in today’s House GOP majority. It’s up to Democrats to unlock it and in the process show the country that they are a capable, competitive party.

The American people have spoken. But what did we really say about inequality?

At first glance, it seems that extreme inequality mattered little to the majority of voters who put pro-business candidates into office. After all, the Republicans, along with far too many Democrats, are certain to cater to their Wall Street/CEO donors. Do Americans really want an ever rising gap between the super-rich and the rest of us? [..]

Americans are virtually blind to the growing gap between CEO pay and the pay of the average worker. As the chart below shows that gap has increased dramatically. In 1965, for every dollar earned by the average worker, CEOs earned 20 dollars. By 2012, that gap mushroomed to 354 to one.

Zoë Carpenter: Senate Democrats Are About to Do Something Truly Stupid

In a cockeyed attempt to save one of their own, Senate Democrats are poised to do something truly stupid. Louisiana’s Mary Landrieu, after failing to win enough votes to avoid a runoff in her Senate race, is centering her prolonged bid for re-election on a bill to fast-track the Keystone XL pipeline. Democrats have long blocked such legislation in the Senate, but all of a sudden they’ve decided to bring it up for a vote, likely before Thanksgiving.

The decision is both hypocritical and irrational. Landrieu’s victory or loss will not alter the balance of the Senate. More importantly, there is no evidence to suggest that passing a pro-KXL bill will improve Landrieu’s chances in the runoff, where she faces Representative Bill Cassidy, a Republican who is just as pro-Keystone as she is. (He sponsored the House version of Landrieu’s bill, and the lower chamber is scheduled to vote Friday.) Landrieu’s entire re-election campaign centered on her being big oil’s best friend; voters know that already, and it wasn’t enough.

Joe Conason: Immigration, Impeachment and Insanity on the Republican Right

Obstructing, denouncing and demonizing Barack Obama are so central to the existence of the Republican Party today that its leaders simply ignore the real purposes of the president’s proposed immigration orders. So someone should point out that his imminent decision will advance priorities to which the Republican right offers routine lip service: promoting family values, assisting law enforcement, ensuring efficient government and guarding national security.

Much of the argument for immigration reform-and, in particular, the president’s proposed executive orders-revolves around the imperative of compassion for immigrant families. That is a powerful claim-or should be, at least, for the self-styled Christians of the Republican right. If they aren’t moved by empathy for struggling, aspiring, hardworking people, however, then maybe they should consider the practicalities.

America is not going to deport millions upon millions of Latino immigrants and their families to satisfy tea party prejudices, even if that were possible. Attempting to do so would be a gigantic waste of taxpayers’ money, an unwelcome burden on thousands of major employers and an inhumane disgrace with international consequences, none of them good. It might or might not be “legal,” but it would surely be stupid.

Dave Zirin: New NBA Union Chief Michele Roberts Slams the League’s Old Labor Practices

The labor movement slogans that have guided generations include “an injury to one is an injury to all” and “solidarity forever.” But my favorite-because it speaks most directly to strategy-is, “The best way to avoid a strike is to prepare for one.” In other words, bosses will only back down and blink if they survey your side and think that they can lose.

That is why anyone who cares about the rights of labor on the highest possible public platform has to be inspired by the recent comments of new NBA Players Association Executive Director Michele Roberts. In an interview with Pablo Torre of ESPN the Magazine, Roberts took a step back from the decades of established labor practices that have governed sports and basically said, “This is bullshit.” [..]

Make no mistake what this is about. The league is about to be engorged by television revenue, $24 billion over six years, as live sports has become the tent pole of commercial television in our live streaming and DVR’d universe. Roberts is sending a shot across the bow that the owners will not be the primary beneficiaries of this broadcast bonanza and they will no longer, as she put it, “control the narrative.”

The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO shows, the rich are winning. Big.

How much income do America’s households take in? How much do they have left after taxes? Do federal taxes leave the nation less or more unequal?

Questions don’t get much more basic than these. Or more complicated either.

How, for instance, do we define income? Everyone agrees, of course, that anything anyone collects from a paycheck should count as income. As should any interest collected from a bank account or any profits from the sale of an asset.

But what about the money an employer shells out to cover an employee’s health insurance premiums? Or contributes into an employee’s 401(k)? Should these dollars be counted as income for the employee?

Calculating how much taxes people pay can pose similar puzzlers. How do we treat the taxes corporations pay on their income? Who in the end bears that burden? Shareholders? Consumers?

Paul Krugman: When Government Succeeds

The great American Ebola freakout of 2014 seems to be over. The disease is still ravaging Africa, and as with any epidemic, there’s always a risk of a renewed outbreak. But there haven’t been any new U.S. cases for a while, and popular anxiety is fading fast.

Before we move on, however, let’s try to learn something from the panic.

When the freakout was at its peak, Ebola wasn’t just a disease – it was a political metaphor. It was, specifically, held up by America’s right wing as a symbol of government failure. The usual suspects claimed that the Obama administration was falling down on the job, but more than that, they insisted that conventional policy was incapable of dealing with the situation. Leading Republicans suggested ignoring everything we know about disease control and resorting to extreme measures like travel bans, while mocking claims that health officials knew what they were doing.

Guess what: Those officials actually did know what they were doing. The real lesson of the Ebola story is that sometimes public policy is succeeding even while partisans are screaming about failure. And it’s not the only recent story along those lines.

Will Hutton: Banking is changing, slowly, but its culture is still corrupt

The latest financial scandal indicates how hard it is to stamp out double-dealing when bankers are allowed to live by their own rules

Another week, another financial scandal. Six global banks, including RBS and HSBC, were fined £2.6bn last week for rigging the foreign exchange markets. Since 2008, total fines levied in Europe and the US for banking crimes and misdemeanours now top £100bn, with banks making provision for a further £60bn. British banks alone have set aside an estimated £30bn for fines, provisions and litigation costs.

What has gone wrong with western finance?

The systemic ripping off of customers continued after the financial crisis to constitute what is now the biggest-ever global corporate scandal. Banks worldwide duped clients into buying products that were either not needed or provided no purpose. Worse, they organised financial markets whose purpose was to serve their own interests rather than those they purported to serve. It has proved a hard habit to break.

Robert Kuttner: Notes for Next Time: From Turnoff to Turnout

The voting turnout in this year’s congressional and gubernatorial elections was the lowest since 1942. Much of the story was in young people, poor people, black and Hispanic citizens who tend to support Democrats voting in far lower numbers than in 2008 or 2012. The Democrats just weren’t offering them very much.

But the other part of the Election Day story was older voters and the white working class, especially men, deserting the Democrats in droves — again, because Democrats didn’t seem to be offering much. Republicans, at least, were promising lower taxes.

Turnout on average dropped from 2012 by a staggering 42 percent. But as Sam Wang reported in a post-election piece for the American Prospect, the drop-off was evidently worse for Democrats.

The two parts of this story seem to create an impossible conundrum for Democrats: Do more for minorities and the poor, and you presumably risk driving social conservatives even further into the arms of Republicans. But ignore the needs of those who need more government activism — and the Democratic base fails to turn out.

It’s easy to strike a pose of cynicism when contemplating Hillary Clinton’s inevitable (and terribly imminent) presidential campaign. As a drearily soulless, principle-free, power-hungry veteran of DC’s game of thrones, she’s about as banal of an American politician as it gets. One of the few unique aspects to her, perhaps the only one, is how the genuinely inspiring gender milestone of her election will (following the Obama model) be exploited to obscure her primary role as guardian of the status quo.

That she’s the beneficiary of dynastic succession – who may very well be pitted against the next heir in line from the regal Bush dynasty (this one, not yet this one) – makes it all the more tempting to regard #HillaryTime with an evenly distributed mix of boredom and contempt. The tens of millions of dollars the Clintons have jointly “earned” off their political celebrity – much of it speaking to the very globalists, industry groups, hedge funds, and other Wall Street appendages who would have among the largest stake in her presidency – make the spectacle that much more depressing (the likely candidate is pictured above with Goldman Sachs CEO Lloyd Blankfein at an event in September).

But one shouldn’t be so jaded. There is genuine and intense excitement over the prospect of (another) Clinton presidency. Many significant American factions regard her elevation to the Oval Office as an opportunity for rejuvenation, as a stirring symbol of hope and change, as the vehicle for vital policy advances…

David Sirota: Wall Street Takes Over More Statehouses

No runoff will be needed to declare one unambiguous winner in this month’s gubernatorial elections: the financial services industry. From Illinois to Massachusetts, voters effectively placed more than $100 billion worth of public pension investments under the control of executives-turned-politicians whose firms profit by managing state pension money.

The elections played out as states and cities across the country debate the merits of shifting public pension money-the retirement savings for police, firefighters, teachers and other public employees-from plain vanilla investments such as index funds into higher-risk alternatives like hedge funds and private equity funds.

Critics argue that this course has often failed to boost returns enough to compensate for taxpayer-financed fees paid to the financial services companies that manage the money. Wall Street firms and executives have poured campaign contributions into states that have embraced the strategy, eager for expanded opportunities. The election results affirmed that this money was well spent: More public pension money will now likely be entrusted to the financial services industry.

Robert L. Borosage: More Than the Minimum: Obama’s Next Executive Action

With a stroke of the pen, the president can have a dramatic effect on the lives of Lewis and millions of workers, leveraging not only the $1 trillion in spending on federal contracts, but setting an example that will accelerate similar action at the state and local level.

The choice here is a simple one. President Obama has held up Costco as an example of a good jobs employer that is remarkably successful. It pays its workers a decent wage with good benefits, doesn’t reward its CEO obscene bonuses, and respects workers’ rights. In stark contrast, Walmart pays its workers so little that taxpayers end up paying billions to subsidize their low wages and lousy benefits. Clearly, the federal government should be standing on the side of good employers rather than rewarding exploitative ones that layoff part of their costs on taxpayers.

Last week’s election showed that Americans are unhappy with a recovery that does not include them. A Hart poll for the AFLCIO showed that more than four out of five voters (87 percent) reported that they were sinking or treading water in this economy.

Democrats paid the price for that discontent. The big winners, even in red states like Arkansas and Nebraska, were initiatives to raise the minimum wage and guarantee sick leave.

Richard (RJ) Eskow : Bill Clinton’s Out of Touch Economically — and That’s a Big Deal

He’s eloquent, he’s popular … and he’s out of touch with the daily lives of most Americans. Bill Clinton’s economic worldview spells trouble, both for a party that’s still reeling from defeat and for a nation where millions of people struggle just to make ends meet.

Hillary Clinton, the heavily-favored contender for the Democratic nomination, has made Bill’s presidency and her role in it an essential part of her resume. But “Clintonism,” the Wall Street-friendly economic ideology of a bygone era, has passed its sell-by date. The former president’s latest remarks confirm that.

The 1990s are over. This is a different country now, both economically and politically. But the presumptive nominee’s partner and most important colleague still holds views which are sharply at odds with both economic reality and the nation’s mood. That’s a big deal. His opinions could have a profound impact on our political and economic future.

If Hillary Clinton disagrees with the former president’s views, she hasn’t said so.

Tell the Government Accounting Standards Board you want full disclosure on tax subsidies for corporations

Each year billions of your state and local tax dollars get diverted from public coffers for corporate subsidies. Just how much you are forced to pay for corporate welfare could soon move from the darkness of official secrecy into the light – but only if you act now.

A proposed rule requiring state and local governments to disclose the total amount of property tax and some other abatements in any year is being considered by the little-known private rule-making body known as the Government Accounting Standards Board (GASB).

In 44 states, laws let county, city and other local officials grant tax reductions or exemptions to companies, often with little disclosure and no accountability. Exemptions from taxes benefit thousands of companies, from online retailer Amazon to shampoo maker Zotos International.

The proposal is tepid and narrow, but far better to let in a ray of light than to allow these deals the cover of total darkness in which they are typically carried out.

Dean Baker: Obama should devote final years to changing economic conversation

Intransigent Republican Congress and pro-austerity know-nothings need to have their views challenged

Presidents are rarely able to accomplish much in the last two years of a second term. Tuesday’s election results guaranteed that President Barack Obama will not be able to accomplish anything legislatively in the remainder of his term. The Republicans will demand that he surrender his firstborn just to get an undersecretary through the Senate approval process.

If Obama recognizes this reality, perhaps he can take the opportunity to spend his remaining years more constructively by permanently transforming the shape of the economic debate in the United States and overseas. [..]

By making it very clear that Obama can accomplish nothing by working with Congress, the elections last week put him in a situation where he has nothing to lose. This gives him the opportunity to step away from the Washington political nonsense and try to permanently change the nature of economic debates domestically and internationally.

If he succeeds, he will have done an enormous service to the country and the rest of the world. He can create a political environment in which his successors can talk honestly about the country’s economic problems and then work to fix them.

Scott Lemieux: In a divided America, partisan and race-based redistricting are indistinguishable

When the vast-majority of minority voters identify as Democrat, drawing Congressional lines based on party affiliation will have a racial component

One of the most profane parts of American democracy is the act of gerrymandering – which is to say, redrawing the boundaries of congressional districts less to reflect population shifts than to ensure the electoral results your party prefers. But like the word “fuck”, we’ve become so inured to gerrymandering that even in its ugliest incarnation – the “motherfucker” of all gerrymandering, if you will, racial gerrymandering – the scourge hardly registers as an epithet at all.

At the US supreme court on Wednesday, in a seemingly boring case about the particulars of this most insidious problem, chief justice John Roberts said he understood that states “have to hit this sweet spot between those two extremes without taking race predominantly into consideration”.

In other words, redrawing district boundaries to benefit Republicans over Democrats in party gerrymandering is totally legal (the “sweet spot”). Redrawing them to disenfranchise black voters instead of white voters are both a disgusting misuse of political power and illegal racial gerrymandering … even if the results – the diminution of minority voters’ electoral power – are the same. But then again, using semantics to avoid addressing racism is exactly the problem with a conservative Roberts court that has been gutting voter rights for going on two years now.

Jeb Lund: A flu shot won’t make Ebola go away, but it might kill our anti-doctor hysteria

Finally, something anti-vaxxers and smug liberal elitists can agree upon

Last month, I became a father for the first time, and with parenting has come a slew of unanticipated responsibilities. Did you know that you have to shop for a pediatrician? I had hoped someone looked at Google Maps and assigned the one closest to you. (They don’t.)

So with a new baby in hand and Ebola and annual flu shots in the news, I found myself asking a bunch of unfamiliar baby doctors a question I never thought I’d have to ask a medical professional: “How do you feel about vaccines?”

My first prospective doctor looked at me, bit her lip and squirmed, so I bailed her out and said, “Look, don’t get me wrong: herd immunity is extremely my shit.” She visibly relaxed then because conversations like that – and about Ebola – often turn rapidly and radically in the opposite direction. [..]

This is the state of our science conversation: hyped non-dangers, self-created unnecessary dangers, being wrong about the facts both coming and going. Polls still suggest that Ebola is a greater threat and that the authorities are deliberately doing less than they can to fight it; meanwhile, the measles have reached a 20-year high and parents are saying, Screw it, let’s roll the dice on Madison and Tyler getting some – at least it’ll be something to write about in that 17-page brick of a Christmas form letter we’ll send out printed in Comic Sans.