Tag: Politics

Tribal Allegiance in Economics

I found this informative discussion at naked capitalism. It’s in two parts with links that are educational, especially for those of us who have a minimal understanding of economics. The first article by Michael Hoexter of New Economic Perspectives is prefaced by Yves Smith:

The discussion of tribal allegiances in economics in this post helps illustrate why it is so difficult to push back against failed ideas when they are dear to the mainstream. It is also a useful ethnographic guide.

Is an Anti-Austerity Alliance of Left Neo-Classicals and Post-Keynesians Possible? Is it Desirable? (Part 1)

I drafted the “Mixed Economy Manifesto” as one attempt to create a common basis for anti-austerity economists and non-economists to argue against, in the clearest terms possible, the waves of government spending cutbacks that are advocated by misguided elites, by the right-wing and by right-leaning neoclassical economists. The 87 “theses” listed at the end of the Manifesto enumerated empirically and logically sound propositions about the economy as it now exists with its mixture of government and private institutions that can under many circumstances productively interact with each other. (I may attempt or others may attempt to expand the arbitrarily numbered 87 to 95 theses which would then be suitable for nailing on doors.) The Mixed Economy Manifesto also contained many statements that would appeal to Left Neo-classicals or New Keynesian economists, while maintaining a basis in what I perceive to be the more realistic ideas about the economy that have been put forward by post-Keynesians, MMTers, and the institutionalist tradition, including Thorsten Veblen and John Kenneth Galbraith.

As it stands, the world appears to be heading into a policy-induced exacerbation of the ongoing Second Great Depression that may pale in comparison to the policy mistakes of 1937 in the US, when President Roosevelt listened too much to the hard-money ideologues of his day and cut spending only to weaken the ongoing recovery from the Depression of the 1930’s. It would seem to make sense to create an alliance of as many intellectual and political tendencies as possible against a repeat of these mistakes. One major problem is that the public is largely unaware that there is a choice, so has not yet joined the struggle, except in countries like Greece and Spain where austerity is now in full force.

Another major problem in creating such an alliance is that there are significant intellectual and institutional divisions among those economists who endorse counter-cyclical spending by government and/or mobilizing the resources of government to help the unemployed and the marginally employed. These economists disagree with each other about fundamental issues and, if listened to by the public closely and in sequence, can produce either confusing or not particularly decisive advice for anti-austerity activists. This in turn makes it difficult to create a mass political movement that opposes austerity measures before they take full effect or, furthermore, after some future political victory for anti-austerity forces, for policymakers to institute policies based on a consistent new economic thinking. The most consistent critics of austerity and the economic foundations of austerity thinking have been Post-Keynesians, a diverse grouping of schools that claim to be both heirs and critics of Keynes, including the growing Modern Monetary Theory school (MMT). Post-Keynesians are generally excluded from the centers of power within the economics profession, though are not as marginalized as biophysical, steady-state/ecological, and Marxist economists. “New Keynesianism” is a much more mainstream school that integrates certain aspects of Keynes into the dominant neoclassical economics taught in college Econ 101 courses. Often the publicly-identifiable Left of mainstream economics, for instance Paul Krugman and Joe Stiglitz, can be identified as New Keynesian and therefore fundamentally neoclassical.

Post-Keynesians and MMTers often direct their sharpest critiques at New Keynesian or Left Neo-classical economists, though there are also efforts at comity from the side of Post-Keynesians. On the other side, the more orthodox and “establishment” New Keynesians/Left Neoclassicals for the most part do not offer Post-Keynesians the professional respect of acknowledgement and/or serious intellectual critique of Post-Keynesian/MMT ideas. There are signs that this “Chinese wall” is breaking down, as the global Depression drags on, but often in ways that indicate that isolated terms from or fragments of Post-Keynesianism and MMT may be taken and reconfigured to fit the orthodox model and academic “lifestyles” of Left Neo-classical economists. This was the intellectual “move” that Paul Samuelson executed in the late 1940’s, validating those parts of Keynes that would fit with neoclassical orthodoxy, while leaving out the aspects of Keynes’s work that suggested that neoclassical orthodoxy should be fundamentally questioned or overturned.

Is an Anti-Austerity Alliance of Left Neo-classicals and Post-Keynesians Possible? Is it Desirable? (Part 2)

United as they are in their critique of neoclassical economics, it would be a mistake to portray post-Keynesians as united among themselves, a further complication for the emergence of any unified message from anti-austerity economists. Post-Keynesian Thomas Palley has recently likened MMTers proposal that government institute a WPA-style “job guarantee” program to the policies of the Tory Cameron government that unemployment benefit recipients work for free. Palley’s concern is that the MMT job guarantee will undermine public sector unions but MMTers dispute that Cameron’s policy is a job guarantee program. Palley’s objections to the job guarantee and MMT were also the subject of a caustic review by Randy Wray, a prominent MMT economist. Steve Keen, who calls himself as “Monetary Circuit Theorist”, has shown an interest in finding points of commonality with MMTers while maintaining at other times a distance from it. MMT, perhaps because it has a popular following and momentum, seems to be a particular target of criticism and self-differentiation by non-MMT post-Keynesians. Perhaps this criticism is meant to be constructive but at times the disputes are often conducted in relatively heated exchanges in blogs and on Twitter, where ultimately outsiders to these disputes will remain confused and will perhaps throw up their hands.

The question then remains whether these two groups of economists can work together and fight against austerity as a loosely coordinated group, even if they themselves are not even in agreement among themselves. From the perspective of those outside of the economics profession, the prime consumers of the output of economists, a cogent and unified message against austerity would be a great help. Political movements and political actors require a unified message to achieve power. As well, to be ultimately a success if they ever achieve power, they need to have a realistic policy alternative to offer. As it stands, the voices of the Left Neoclassicals are heard much more widely, yet their vision ultimately does not offer political leaders and political activists on the ground a portable vision and argument to reshape overall policy and popular views. Post-Keynesians, in particular MMT, are working on a more realistic vision of how the economy and government work and work together that potentially is comprehensible by a wider group of people. Yet this vision, though now gaining a wider audience, has not yet achieved critical mass in the public discussion. [..]

If some prominent economists from orthodox and heterodox tendencies could agree that it would be possible to come up with a list of three to five anti-austerity principles which do not offend any “side” to this debate, this might be a way forward. These principles could then become “talking points” for economists to campaign in the media and in meetings with the powerful for an anti-austerity solution. Creating an anti-austerity “echo-chamber” would be a step in the right direction. As an independent commentator on economics not currently affiliated with an academic institution, I do not have the status to get the ball rolling on this process.

If economists, like cats, cannot be “herded” into producing a workable statement of anti-austerity principles, then the diffuse strategy of producing articles, blog posts, testimony, and media appearances becomes second best but offers a glimmer of hope that the perversity of austerity will be communicated to the broader public.

This effort, however, should not compromise or derail the long-term epistemological project to build a better social science and a better economics that can help prevent concurrent disasters like the present ones. Temporary political victories can only buy time but ultimately cannot solve the problems of governing and managing mixed economies, the type of economy in which we live and that has sorely challenged conventional wisdom.

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”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: Galt, Gold and God

So far, most of the discussion of Paul Ryan, the presumptive Republican nominee for vice president, has focused on his budget proposals. But Mr. Ryan is a man of many ideas, which would ordinarily be a good thing.

In his case, however, most of those ideas appear to come from works of fiction, specifically Ayn Rand’s novel “Atlas Shrugged.”

For those who somehow missed it when growing up, “Atlas Shrugged” is a fantasy in which the world’s productive people – the “job creators,” if you like – withdraw their services from an ungrateful society. The novel’s centerpiece is a 64-page speech by John Galt, the angry elite’s ringleader; even Friedrich Hayek admitted that he never made it through that part. Yet the book is a perennial favorite among adolescent boys. Most boys eventually outgrow it. Some, however, remain devotees for life.

Dean Baker: Land of the fee: The $1.2 trillion health care tax

An inefficient health care system is costing $1.2 trillion, but many economists want to fix the budget by slashing it.

Economists tend not to be very good at economics, which is one of the main reasons that the world is facing such a prolonged downturn. Few economists were able to recognise the enormous imbalances created by housing bubbles in the United States and elsewhere, or to understand that the collapse of these bubbles would lead to a prolonged period of stagnation in the absence of a vigorous response by governments. [..]

You would think that economists would be upset over a $1.2 trillion annual tax due to the inefficiency of our health care system. This is at least an order of magnitude larger than most issues that economists spend their time worrying over. Yet there are few economists who make this obvious point when debates over the budget come up. Instead, they typically chime in with the choir saying that we need to cut the budget, not fix health care.

The cynical among us might point out that fixing the budget mostly means beating up on older people getting Social Security and Medicare benefits. Fixing health care means going after powerful lobbies like the insurers, the drug industry, and doctors. But whatever their motive, the facts are clear. The vast majority of economists in the United States are not especially concerned about a $1.2 trillion annual health care tax; they have much less important matters to take up their time.

New York Times Editorial: A Slim Recovery for Housing

The economy will not recover until the housing market recovers, and the housing market will not recover until the broader economy recovers – a chicken-and-egg problem reflected, once again, in national housing figures. [..]

In the absence of aggressive debt relief efforts, it will be up to the Federal Reserve to keep mortgage rates low and expand its support for the flow of credit. It is also urgent for regulators at the Fed and at the Consumer Financial Protection Bureau to complete new regulations, required under the Dodd-Frank financial reform, to define and ensure affordable, safe mortgages, an important step in reviving private mortgage markets.

Still, without far-reaching federal help, it will be years, possibly decades, before the housing market and the broader economy are restored to health.

Owen Jones: Getting Rid of Dubya Wasn’t Enough. The US Remains a Bully

The issue isn’t Obama, any more than it was Bush before him. The issue is US power

How easy it was to scrutinize US power when George W. Bush was in office. After all, it was difficult to defend an administration packed with such repulsive characters, like Dick Cheney and Donald Rumsfeld, whose attitude towards the rest of the world amounted to thuggish contempt. [..]

It was a bad dream that went on for eight years, and no wonder much of the world is still breathing a sigh of relief. But US foreign policy these days escapes scrutiny. In part, that is down a well-grounded terror of the only viable alternative to Barack Obama: the increasingly deranged US right. A deliberate shift to a softer, more diplomatic tone has helped, too. But it is also the consequence of a strategic failure on the part of many critics of US foreign policy in the Bush era. As protesters marched in European cities with placards of Bush underneath “World’s No 1 Terrorist”, the anti-war crusade became personalized. Bush seemed to be the problem, and an understanding of US power – the nature of which remains remarkably consistent from president to president – was lost.

Katrina vanden Heuvel: Why Subsidize CEOs?

By now, most Americans recognize-and resent-that top corporations compensate their executives in ways that are simply indecent. Eye-popping salaries. Outlandish bonuses. Lavish stock options. Golden-nay, platinum-parachutes. What fewer realize about this obscene compensation is that we’re all paying for it. Literally.

Last week the Institute for Policy Studies released a blockbuster report exposing how US taxpayers subsidize executive compensation, and revealing some of the worst offenders.

Those tax subsidies for executive excess add up to over $14 billion a year. That equals 12 percent of the planned savings from the deficit deal sequesters, 211,732 times the annual cost of hiring an elementary school teacher, or $46 for each American. In other words, says co-author Scott Klinger, “Every man, woman and child in America is buying a CEO lunch.”

E. J. Dionne, Jr.: Elizabeth Warren vs. Mr. Personality

Elizabeth Warren is the kind of person Massachusetts has always liked to send to the U.S. Senate.

She would instantly become a national leader, which appeals in a state that has sent to Washington Democrats such as John and Edward Kennedy and Republicans such as Henry Cabot Lodge and Edward Brooke. The Harvard Law School professor who warned of abuses in the financial system long before the economic crisis should draw suburban liberals who admire her seriousness as well as lunch-bucket Democrats who appreciate her populism. [..]

So why hasn’t one of this year’s most exciting Senate candidates put the election away? The obstacle is a Republican incumbent who is making voters forget that he’s a Republican. If former House Speaker Tip O’Neill preached that all politics is local, Sen. Scott Brown makes all politics personal. He’s running even or, in one recent poll, slightly ahead of Warren simply because so many voters like him.

Gregg Muttet: Mission Accomplished for Big Oil?

In 2011, after nearly nine years of war and occupation, U.S. troops finally left Iraq. In their place, Big Oil is now present in force and the country’s oil output, crippled for decades, is growing again. Iraq recently reclaimed the number two position in the Organization of the Petroleum Exporting Countries (OPEC), overtaking oil-sanctioned Iran. Now, there’s talk of a new world petroleum glut. So is this finally mission accomplished?

Well, not exactly. In fact, any oil company victory in Iraq is likely to prove as temporary as George W. Bush’s triumph in 2003. The main reason is yet another of those stories the mainstream media didn’t quite find room for: the role of Iraqi civil society. But before telling that story, let’s look at what’s happening to Iraqi oil today, and how we got from the “no blood for oil” global protests of 2003 to the present moment.

“Bashing Democrats”

On numerous of occasions I have been accused of “bashing Democrats,” “hating Obama,” as well as, some outrageously, vile charges that won’t be repeated here. The accusations have been in response to criticism of President Barack Obama’s policies which have been not just disappointing for a Democratic administration but, in some instances, worse than any neo-con Republican. It’s baffling that the Republican party is bothering to oppose his reelection, he’s done most everything they would have done short of starting another war unless one considers the expansion of the “war on terror” to Yemen and Africa. My guess would be that the Republicans are jealous that Obama isn’t a member of the GOP.

I was asked the other day by my former precinct captain why I don’t criticize Republicans. My answer was that I do. It’s just that today they are called Democrats. On that note, I give you the Black Agenda Report‘s managing editor, Bruce Dixon, who says it quite succinctly:

[..] The fact is that 120% evil Republicans offer the only justification for our support of 100% evil Democrats. And with the dissolution of what used to be the black consensus for equality, civil liberties, full funding for public education, and opposing war spending and corporate privilege, Obama-era Democrats continue to flee rightward toward war, privatization and austerity.

This deformed puzzle is not the political logic of free and responsible people. It’s the cramped and twisted reasoning of someone trapped in a box urgently trying to convince himself that it’s not really a box, that pragmatic acceptance of the box as the whole of the great and free universe is really all that can be hoped, struggled and strived for. It’s not. Only a beaten, cowed and enslaved people can imagine their forbears sacrificed and struggled for them to choose among greater and lesser, but both still monstrous evils.

We at Black Agenda Report spend more time denouncing Democrats because they act like and enable Republicans. We don’t spend as much time denouncing the party of white supremacy because Republicans rarely bother to pretend to be anything else. African Americans haven’t voted Republican in 50 years. But we’re more unemployed than we’ve been in seventy years, and more imprisoned than we’ve ever been.

That’s what choosing “lesser evils” has earned us. It’s time to chuck the fake choice between evil Republicans and slightly less evil Democrats. It’s time not just to think, but to climb outside the two-party, lesser-evil box, to breathe the free air and get ready for something new.

What Bruce said applies to all Americans regardless of race, gender, religion or national origin.

Actor and activist, John Cusack, in his conversation with Constitutional law professor, Jonathan Turley, questions where are the “lines” that the “progressive left” will not cross and what it means in terms of voting for Obama.

Now that the Republican primary circus is over, I started to think about what it would mean to vote for Obama…

Since mostly we hear from the daily hypocrisies of Mitt and friends, I thought we should examine “our guy” on a few issues with a bit more scrutiny than we hear from the “progressive left”, which seems to be little or none at all.

Instead of scrutiny, the usual arguments in favor of another Obama presidency are made: We must stop fanatics;-he’s the last line of defense from the corporate barbarians-and of course the Supreme Court. It all makes a terrible kind of sense and I agree completely with Garry Wills who described the Republican primaries as ” a revolting combination of con men and fanatics…the current primary race has become a demonstration that the Republican party does not deserve serious consideration for public office.”

True enough.

But yet…

… there are certain Rubicon lines, as constitutional law professor Jon Turley calls them, that Obama has crossed.

All political questions are not equal no matter how much you pivot. When people die or lose their physical freedom to feed certain economic sectors or ideologies, it becomes a zero sum game for me.

This is not an exercise in bemoaning regrettable policy choices or cheering favorable ones but to ask fundamentally: Who are we? What are we voting for? And what does it mean? [..]

The entire transcript of the conversation was posted in this article by poligirl. It’s quite long but quite thought provoking assessment of Barack Obama’s presidency and how many of our principles of law and the constitution the “progressive left” has compromised and abandoned supporting him.

The line for me was Obama’s vote, as Senator, to renew FISA with all its unconstitutional provisions, after saying that he would filibuster if it were not fixed. I knew then that the “we’ll fix it later” line was the grand lie to a tired, desperate electorate that was in need of relief from years of war and economic stress.

Along with Bruce Dixon, John Cusack, Jonathan Turley and others, I will continue to criticize Democrats for pushing a right wing agenda. I’m still not ready to make nice.

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”.

Follow us on Twitter @StarsHollowGzt

Gail Collins: The Sexual Spirit of ’76

In colonial America, conventional wisdom held that women could not get pregnant unless they enjoyed the sex.

People, who would have thought I’d have an opportunity to bring up this factoid right in the middle of a presidential race? Thank you, Representative Todd Akin of Missouri! Without you, we might have been condemned to spend today reinvestigating the Congressional Budget Office Medicare cost projections. [..]

Politicians who say they oppose all abortions are making perfect sense, except for the part where they try to impose their doctrinal beliefs on the vast majority of the country, which does not share that particular religious conviction. It’s the abortion-except-for-rape-and-incest position that doesn’t compute. Rape victims, yes, but not a 14-year-old who was impregnated by her 15-year-old boyfriend? The impoverished mother of six kids whose birth control method failed? There’s no way to set the worthy-of-compassion bar unless you trust women to set it for themselves.

Maybe Akin’s real sin is that he exposed the phoniness of the rape-and-incest exception, which is just an attempt to make radical extremism look moderate. That and the theory of the delighted womb.

Paul Krugman: A (Not So) Serious, (Not So) Honest Running Mate

Paul Ryan for vice president, or as Mitt Romney said at the press conference introducing Mr. Ryan as his running mate, “the next president of the United States.”

There is lots of horse-race speculation: It’s a disaster! No, it changes the conversation away from Bain and those missing tax returns! I have no idea who’s right.

What I do know is that anyone who believes in Mr. Ryan’s carefully cultivated image as a brave, honest policy wonk has been snookered. Mr. Ryan is, in fact, a big fraud who doesn’t care at all about fiscal responsibility, and whose policy proposals are sloppy as well as dishonest. Of course, this means that he’ll fit into the Romney campaign just fine.

As I said, I have no idea how this will play politically. But it does look like a move from weakness, rather than from strength; Romney obviously felt he needed a V.P. who will get people to stop talking about him.

Dean Baker: Land of the fee: The $1.2 trillion health care tax

An inefficient health care system is costing $1.2 trillion, but many economists want to fix the budget by slashing it.

Economists tend not to be very good at economics, which is one of the main reasons that the world is facing such a prolonged downturn. Few economists were able to recognise the enormous imbalances created by housing bubbles in the United States and elsewhere, or to understand that the collapse of these bubbles would lead to a prolonged period of stagnation in the absence of a vigorous response by governments.

Economists’ grasp of economics has not improved since the start of the downturn. There is little agreement within the profession on the appropriate way to bring the economy back to its potential level of output. Nor is there even agreement as to whether this is possible.

Instead, many economists are running around like chickens with their heads cut off, yelling that we have to do something about budget deficits. This concern is bizarre since it is easy to show that the current deficit in the United States is almost entirely due to the collapse of the housing bubble. The loss of revenue from this collapse, coupled with the measures taken to offset the impact of the downturn, explain almost all of the rise in the deficit since 2007, when it was just 1.2 per cent of GDP.

Robert Reich: The Fanatical GOP

We’re witnessing the capture by fanatics of what was once a great and important American political party.

The Republican Party platform committee now includes a provision calling for a constitutional amendment banning all abortions, without an exception for rape or incest. This is basically Missouri senatorial candidate Todd Akin’s position. (At least the GOP platform doesn’t assert that women’s bodies automatically reject “legitimate” rapists’ sperm.)

Paul Ryan, Romney’s selection for vice president, has co-sponsored 38 anti-abortion measures while in the House of Representatives, including several containing no exception for pregnancies caused by rape or incest.

But the GOP’s fanaticism goes far beyond the its growing absolutism about abortion.

Dennis Kucinich: Tilling the Ground for the Seeds of Terrorism

After more than 10 years of war against al Qaeda and the accompanying global “war on terrorism,” we have failed to learn that our actions create reactions. Our presence creates destabilization, then radicalization. Occupations create insurgencies. In Afghanistan, we have fueled the very insurgency we struggle to fight. [..]

Afghanistan, Iraq, Libya, Syria — al Qaeda surfs instability created or supported by U.S. interventions. Al Qaeda is ready to exploit resentment toward the U.S. while capitalizing on the openings created by U.S. interventionism. As a result our U.S. tax dollars are being used to fuel the rise of extremism.

Have we learned nothing from the Soviet Union’s demise as a result of its adventure in Afghanistan? Will we continue to spend tax dollars to create even more U.S. enemies which will then be used to justify the expenditure of more U.S. tax dollars, thus setting the stage for an accelerated downward spiral for our economy and our own decline as a great power?

Shane Hayden; Giving In to the Surveillance State

IN March 2002, John M. Poindexter, a former national security adviser to President Ronald Reagan, sat down with Gen. Michael V. Hayden, the director of the National Security Agency. Mr. Poindexter sketched out a new Pentagon program called Total Information Awareness,, that proposed to scan the world’s electronic information – including phone calls, e-mails and financial and travel records – looking for transactions associated with terrorist plots. The N.S.A., the government’s chief eavesdropper, routinely collected and analyzed such signals, so Mr. Poindexter thought the agency was an obvious place to test his ideas.

He never had much of a chance. When T.I.A.’s existence became public, it was denounced as the height of post-9/11 excess and ridiculed for its creepy name. Mr. Poindexter’s notorious role in the Iran-contra affair became a central focus of the debate. He resigned from government, and T.I.A. was dismantled in 2003.

But what Mr. Poindexter didn’t know was that the N.S.A. was already pursuing its own version of the program, and on a scale that he had only imagined. A decade later, the legacy of T.I.A. is quietly thriving at the N.S.A. It is more pervasive than most people think, and it operates with little accountability or restraint.

Letting It All Hang Out

One of the latest MSM fixations has been an incident that occurred last year during a Republican junket to Israel. A nighttime swim in the Sea of Galilee by some members of the delegations turned embarrassing when the FBI found the Rep. Kevin Yoder (R-Kan.) took his dip in the sea sans his suit. Oh my! A coed swim with one naked man is now national news. But the question by the press should have been, why was the FBI investigating this trip. Surely, they weren’t interested in who was taking off their clothed and skinny dipping. It turns out that the FBI was only interested in one member of that group and the investigation had nothing to do with that representative’s participation in that incident, clothed or otherwise.

The focus of the FBI is Staten Island’s freshman Tea Party backed House Representative Michael Grimm. The 42 year old former FBI agent who bears a striking resemblance to Rep. Paul Ryan and the other Tea Party clones has been under investigation by the FBI and a federal grand jury investigation into his 2010 campaign finances. The FBI was looking into Mr. Grimm’s side trip to Cyprus that was sponsored by the Cyprus Federation of America.

But FBI agents were actually interested in Grimm’s failure to file paperwork related to his trip to Cyprus following his Israeli junket, which had been paid for by the Cyprus Federation of America. The president of that company was arrested on federal corruption charges in June. Grimm had reported the Israel trip in his initial filing in May but did not list the trip to Cyprus until he amended it in June, one day after Cyprus Federation of America’s president was arrested.

FBI agents may have asked questions about “who went into the water that night, and whether there was any impropriety,” as Politico reported, but sources indicated the dip in the water certainly wasn’t the FBI’s central focus. [.]

Grimm, a former FBI agent, has been the subject of plenty of attention from federal authorities over the past year. On Friday, one of Grimm’s top fundraisers was arrested for allegedly lying about the source of a loan on immigration documents. That man, an Israeli named Ofer Biton, traveled around the New York area with Grimm in 2010 to raise money for his congressional campaign. At least four of Grimm’s 2010 campaign workers have been questioned by the FBI. Federal prosecutors have also interviewed several donors, according to the New York Times.

But heck, what’s more interesting, an skinny dipping congressman or an investigation into possible corruption by a congressman? I think we all know the answer to that.

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”.

Wednesday is Ladies’ Day.

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: Our Shrinking Democracy

Last week, Judge Robert Simpson of the Commonwealth Court of Pennsylvania refused to halt a discriminatory new state law requiring voters to show photo identification.

It was the judicial equivalent of giving democracy the bird.

Since you’re significantly more likely to be struck by lightning than encounter an actual case of voter fraud, the law is really just a solution in search of a problem. Or, rather, a political party in search of a vote to suppress.  

The ruling was rendered only more offensive by its flippant dismissal of the burden that obtaining a photo ID places on people who are young, poor, minority, elderly or some combination of these (read: Democrats). According to Simpson, requiring ID isn’t an unreasonable burden “when viewed in the broader context of the widespread use of photo ID in daily life.” Because, after all, doesn’t everybody get carded at the bar?

Juliet Lapidos; Surveillance, Civil Liberties and Inefficiency

After the Associated Press disclosed the N.Y.P.D.’s Muslim surveillance program, the Times board editorialized against it from a civil liberties perspective. It seemed the police were spying on Muslims-sending plainclothes officers to monitor Muslims at mosques, on college campuses, taking photographs of Muslim-owned businesses, listening to conversations-with no “reason to think anything wrong was going on.” The board acknowledged that “under a federal court decree, it is permissible to collect information from public sources” but argued that “going to public places apparently selected on the basis of religion” was “another matter.”

Now it turns out the spying program is not only constitutionally suspect, but also ineffective. The A.P. reported today that in more than six years of spying on Muslims the police department’s so-called Demographics Unit “never generated a lead or triggered a terrorism investigation.”

Maureen Dowd: Just Think No

There’s something trying about an unforgiving man suddenly in need of forgiveness.

Yet Todd Akin is right. He shouldn’t have to get out of the United States Senate race in Missouri simply for saying what he believes. He reflects a severe stance on abortion that many in his party embrace, including the new vice presidential candidate. [..]

“I talk about one word, one sentence, one day out of place, and, all of a sudden, the entire establishment turns on you,” Representative Akin complained to the conservative radio talk-show host Dana Loesch on Tuesday as he spurned pleas from Mitt Romney and other G.O.P. big shots to abort his bid. He continued: “They just ran for cover at the first sign of any gunfire, and I think we need to rush to the gunfire.”

He’s right again. Other Republicans are trying to cover up their true identity to get elected. Even as party leaders attempted to lock the crazy uncle in the attic in Missouri, they were doing their own crazy thing down in Tampa, Fla., by reiterating language in their platform calling for a no-exceptions Constitutional amendment outlawing abortion, even in cases of rape, incest and threat to the life of the mother.

Bryce Covert: For Some Women, Discrimination Prevents Return to Work

Women have yet to recover in the recovery. While men suffered bloated unemployment levels during the “mancession,” the trends have since reversed. Since the beginning of the recovery (June 2009), men experienced more than quadruple the job gains made by women. This can at least be partially explained by the fact that men were climbing back from low employment levels, plus massive layoffs in some areas, such as education, where women hold the majority of jobs. But can it all be explained that way? A new study helps fill in the picture with what else might be at work: good old-fashioned discrimination.

There are some logical, if preventable, reasons for women’s employment struggles: first and foremost is the fact that austerity and budget cutting has lead to a historic loss of public sector jobs, and women, who are the majority of government workers, have born the brunt of those layoffs. We’ve lost about 600,000 public sector jobs since the recession ended, making for the smallest government workforce relative to our population since 1968. Much of those were public school teachers. For every ten jobs women gained in the private sector during the recovery, they’ve lost more than four public sector jobs. And yes, we might expect men to make faster job gains after experiencing such low levels of employment during the height of the crisis.

Alison Glass: No Person Shall Be Deprived of Life, Liberty or Property… Unless the Oil and Gas Industry Says So

Eminent domain, the government’s right to condemn (or take) private land for “public use,” has at times been a highly contentious topic because it can displace people from their homes to make way for construction of different projects, like highways or roads, civic buildings and other types of public infrastructure. However, what some may not realize is that several states have granted eminent domain authority to certain private entities, including oil and gas companies. These companies are using it as a tool to seize private land, which increases profits and benefits their wallets.

According to the U.S. Constitution’s Fifth Amendment, in order to pursue eminent domain, the land must be taken for “public use” and the private property owners must receive “just compensation.” [..]

Traditionally, the “public use” provision referred to projects like roads, schools, parks and other public facilities that could be directly used by all. However, the meaning of “public use” has been loosely interpreted in recent years.

Jodi jacobson: As Romney and Ryan Dissemble, RNC Prepares Radical Anti-Choice Platform Based on Personhood

As of today, Mitt Romney and Paul Ryan may find themselves in a wee bit of a bind.

For the past two days, the pair have been running around trying to assure the press and ultimately women voters that they really do believe in “real rape,” not just “legitimate rape,” that they are not as misogynistic as Missouri Rep. Todd Akin, and that, of course, a Romney-Ryan Administration would never eliminate rape and incest exceptions for abortion.

And, now it appears that, all the while, the people really in charge of the GOP-fundamentalist anti-choicers among them-have been writing a party platform that not only makes all of that a lie, but is in effect a promise to make the personhood of fertilized eggs the law of the land.

Michele Chen: Cultural Miseducation: Knowledge, Power and Ethnic Studies

This summer, Tucson students, educators, and activist did something rebellious: they celebrated books. These weren’t just any books, of course. They were the books that had been deemed contraband by school authorities, vilified as tools of a curriculum that promotes ethnic hatred. In other words, they were works like Rethinking Columbus: The Next 500 Years, Mexican White Boy, the play Zoot Suit, and Like Water for Chocolate. Texts that aim to foster critical thinking, political curiosity, and other dangerous behaviors.

The idea that these books are “subversive” was a pretext for a crackdown on Mexican American studies in Tucson. And once the controversy was broadcast across the country, Americans of all backgrounds saw exactly what these programs threatened: an ossified conservative establishment that masks social control as education.

But the school authorities probably weren’t just annoyed that the books contained radical messages. It was who was reading them that was really troubling: it was Latino youth learning about the conflicts and cultural survival that have carried through history. This has triggered an official campaign of oppression, involving a state-led McCarthyesque investigation. This set off a wave of resistance through legal challenges and grassroots protests using creativity and humor, culminating in the youth-led Freedom Summer.

You’re Doing It Wrong!: Obama’s Constitution by John Cusack

Cross-posted from Voices on the Square…

Welcome to You’re Doing It Wrong, a weekly column taking the Powers That Be (PTB) – whether they be political, media, or business – to task for poor information, poor framing, and poor leadership.

This is an extraordinary piece by John Cusack with Jonathan Turley that needs to be read by everyone, and especially by those of us who consider ourselves progressives and/or liberals. It’s long, but it’s well worth the read. Printed in its entirety with permission from the author, John Cusack.

*****

By John Cusack

Now that the Republican primary circus is over, I started to think about what it would mean to vote for Obama…

Since mostly we hear from the daily hypocrisies of Mitt and friends, I thought we should examine “our guy” on a few issues with a bit more scrutiny than we hear from the “progressive left”, which seems to be little or none at all.

Instead of scrutiny, the usual arguments in favor of another Obama presidency are made: We must stop fanatics;-he’s the last line of defense from the corporate barbarians-and of course the Supreme Court. It all makes a terrible kind of sense and I agree completely with Garry Wills who described the Republican primaries as ” a revolting combination of con men and fanatics…the current primary race has become a demonstration that the Republican party does not deserve serious consideration for public office.”

True enough.

But yet…

“Foaming the Runway for the Banks”

Disregard all cheery news you hear from the MSM that the housing crisis is over and housing prices are stable and on the rise. It’s not over. We are still bailing out the banks over the troubled homeowner.

“The evidence is overwhelming: home prices are anything but stable.”

Michael Olenick: Still Looking for a Housing Bottom

Two trends are apparent. One is that banks are delaying foreclosures, or not foreclosing at all despite long-term delinquencies. The other is that private equity firms – flush with cash thanks to Tim Geithner’s religious devotion to trickle-down economics and the resulting cascade of corporate welfare – have been bidding up and holding foreclosed houses off the market. These two factors have artificially limited supply and, combined with cheap mortgages rates, driven up prices. While we can debate whether these strategies represent the best public policy, these policies are obviously not long-term sustainable. [..]

Holding back inventory means that the houses that are put on offer sell faster and at higher prices. That creates an incentive to delay foreclosures or not foreclose at all even when a home is delinquent. Though this seems obvious, the mainstream housing finance community – aided by a freelance “housing analyst,” – uses the faster figures to somehow prove banks are not holding houses. [..]

Besides lower foreclosure activity, the government is going all out to give away houses to private equity firms. Recently Fannie Mae sold 275 properties across metro Phoenix in one sale to a mystery buyer, according to a report by Catherine Reagor of the Arizon Republic. [..]

Anybody who has been a landlord seems to quickly tire of it so, assuming there isn’t a pending planned mass immigration to Phoenix, these investors will eventually want to cash out by selling these houses. Further, they will want to minimize maintenance expenses while they are renting out these houses, so the eventual sale of these houses will increase supply and prolong the housing crisis. Geithner’s policy of shaking down Main Street to help Wall Street continues to hurt your street. [..]

Taking account of the delayed foreclosures and the beginning of mass purchases of houses would mean there should be a surge in home prices, but we’re still seeing little movement in many areas. This is especially puzzling given how inexpensive mortgage are. [..]

Of course, this assumes that people can get mortgages for these houses, though many can’t. Young people especially are hopelessly in debt thanks to out-of-control tuition hikes predictably caused by equally out-of-control student loan policies. [..]

Thanks to low lower foreclosures, real-estate speculators buying in bulk, and low interest rates there is enough direct and anecdotal evidence to suggest that we may be seeing a real-estate recovery on paper. Further, these policies are clearly calibrated to bring about a bubble, despite that bubbles are difficult to control and are not, by definition, sustainable: they always eventually pop. Let’s at least hope that when this bubble bursts the new Wall Street bulk buyers are treated with the same ruthless “free market” vigor that the prior owners of these houses were treated with after the last bubble burst. However, I doubt the mystery Asian money buyer, that Fannie sold Phoenix to, will ever be subject to something like the rocket docket.

Washington’s Blog goes down the list of evidence that “the government’s “Homeowner Relief” Programs are disguised bank bailouts … not even AIMED at helping homeowners. It’s a fascinating piece with all the links to this sham.

Former special inspector general overseeing TARP Neil Barofsky (@neilbarofsky) joined Up w/ Chris Hayes to talk about his book “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.” Along with panel guests Heather McGhee (@hmcghee), vice president of policy and research at the progressive think tank Demos; Josh Barro (@jbarro), who writes “The Ticker” for Bloomberg View; Michelle Goldberg (@michelleinbklyn), senior contributing writer for Newsweek/Daily Beast; and Up host Chris Hayes (@chrislhayes), Barofsky shares his thoughts on the failure of TARP and the housing crisis.

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”.

Follow us on Twitter @StarsHollowGzt

Michael Moore and Oliver Stone: WikiLeaks and Free Speech

WE have spent our careers as filmmakers making the case that the news media in the United States often fail to inform Americans about the uglier actions of our own government. We therefore have been deeply grateful for the accomplishments of WikiLeaks, and applaud Ecuador’s decision to grant diplomatic asylum to its founder, Julian Assange, who is now living in the Ecuadorean Embassy in London.

Ecuador has acted in accordance with important principles of international human rights. Indeed, nothing could demonstrate the appropriateness of Ecuador’s action more than the British government’s threat to violate a sacrosanct principle of diplomatic relations and invade the embassy to arrest Mr. Assange. [..]

We urge the people of Britain and Sweden to demand that their governments answer some basic questions: Why do the Swedish authorities refuse to question Mr. Assange in London? And why can neither government promise that Mr. Assange will not be extradited to the United States? The citizens of Britain and Sweden have a rare opportunity to make a stand for free speech on behalf of the entire globe.

Eugene Robinson: Blaming the Victim, Again

At least until Election Day, Republicans were supposed to pretend that their party’s alleged “war on women” was nothing but a paranoid fantasy stoked by desperate Democrats. Obviously, Rep. Todd Akin didn’t get the memo.

Akin, campaigning to unseat Sen. Claire McCaskill, D-Mo., in November, was trying to explain his stance against abortion Sunday when he committed what cannot be dismissed as a mere gaffe. It was an abomination that could only stem from benighted ignorance-and it brings the whole “war on women” thing back into scary focus. [..]

But the GOP refuses to do the one thing that would neutralize the “war on women” issue: Stop the misogynistic attacks. Stop them now.

Dean Baker: ‘Courage’ in Washington Doesn’t Have the Same Meaning

Last week Vice President Joe Biden did a courageous thing, he promised an audience in southern Virginia that there will be no cuts whatsoever to Social Security in a second Obama Administration. He used the strongest possible language, telling customers at a local diner: “I guarantee you, flat guarantee you, there will be no changes in Social Security. I flat guarantee you.” [..]

However, Biden also lives in a city where calling for cuts to Social Security is the way to demonstrate your manhood. The bigger the cuts and the more frequent the calls, the higher your status. And, there are plenty of rewards for those politicians who go down fighting for Social Security cuts. Just check out the salaries for the lobbying jobs of the Blue Dog Democrats who have left office in recent years. [..]

In this amazing city, the people who want to take a hatchet to the Social Security and Medicare benefits that tens of millions of ordinary workers will need in retirement are considered courageous. The people who want to tax Wall Street speculation, who want to crack down on multi-billion dollar abuses by the pharmaceutical industry, and who want to go after CEOs who rip off their companies for tens of millions of dollars a year — well, they’re just crazy. After all, no one gets paid big bucks for going after people with money.

Richard {RJ) Eskow: A Tale of Three CEOs: Romney, Bain, and a Crooked Executive’s Overlooked Story

In the annals of Mitt Romney’s days at Bain Capital, one story seems to have escaped our collective memory. It involves Bain’s acquisition of a New York City drug store chain during Mitt Romney’s tenure there, and the hiring of a new president who would turn out to have pronounced criminal tendencies.

When the story of Duane Reade’s Anthony Cuti is put together with the better-known story of Bain’s relationship with a Medicare-defrauding lab testing company, it becomes a tale of two criminal CEOs — and of the presidential candidate who was involved in choosing them both. [..]

It certainly raises questions about Romney’s judgement, however. Isola was promoted from within, while Cuti was presumably selected after a thorough search. In both cases, Mitt Romney had responsibility for ensuring that the right person was selected for the job. It’s reasonable to ask whether this casts a negative light on a would-be president’s ability to judge human character and make good hiring decisions.

Ari Berman: Ohio GOP Admits Early Voting Cutbacks Are Racially Motivated

Earlier this month I reported how Ohio Republicans were limiting early voting hours in Democratic counties, while expanding them on nights and weekends in Republican counties.

In response to the public outcry, Ohio Secretary of State Jon Husted, who intervened in favor of limiting early voting hours in Democratic counties, issued a statewide directive mandating uniform early voting hours in all eighty-eight Ohio counties. Husted kept early voting hours from 8 am to 5 pm on weekdays from October 2 to 19 and broadened hours from 8 am to 7 pm from October 22 to November 2. But he refused to expand early voting hours beyond 7 pm during the week, on weekends or three days prior to the election (which is being challenged in court by the Obama campaign)-when it is most convenient for many working Ohioans to vote. Rather than expanding early voting hours across the state, Husted limited them for everybody. Voter suppression for all! [..]

Republicans were for reforms like early voting until Democrats started using them. “It just so happened that 2008] was the first time that early voting had been used in large numbers to mobilize African American and Latino voters,” Wendy Weiser, director of the democracy program at the Brennan Center for Justice, told the Huffington Post. A federal court ruled on Thursday that early voting cutbacks in Florida-where blacks outnumbered whites by two to one among early voters in 2008 – [violated the Voting Rights Act. As Doug Preisse admitted on Sunday, Republicans are doing everything in their power to make sure 2012 isn’t a repeat of 2008.

Greg Mitchell: ‘Newsweek’ Cover: Niall Ferguson Hates Obama, Has Man-Crush on Ryan

Newsweek turned into a parody of itself months ago-call it what you will, NewsBeast, The Daily Weak, whatever-but is anyone even bothering to laugh now? This week, it follows (as if to balance the scales) its “Is Romney a Wimp” cover with a blast at Obama by ever-more-right-wing Niall Ferguson, titled “Hit the Road, Barack.” Since Newsweek seems inspired by Ray Charles, perhaps it will put Representative Todd Akin on next week’s cover under the heading, “What’d I Say?” Or the GOP congressman who skinny-dipped in the Sea of Galilee and “Don’t Let the Sun Catch You Crying.”

Would you be surprised if it did?

The Tangled Web That Nations Weave: Part 2

Oh what a tangled web we weave,

When first we practise to deceive!

   Sir Walter Scott, Marmion, Canto vi. Stanza 17.

   Scottish author & novelist (1771 – 1832)

BuzzFeed correspondent and Rolling Stone contributing editor Michael Hastings (@mmhastings) joins the Up w/ Chris Hayes discussion on Julian Assange, the leader behind WikiLeaks, who caused a diplomatic standoff this week in part for challenging extradition to Sweden for alleged sexual misconduct. Along with comedian, actor, talk show host and author, Richard Belzer (@MRBelzer); Josh Barro (@jbarro) who writes “The Ticker” for Bloomberg View; Michelle Goldberg (@michelleinbklyn), senior contributing writer for Newsweek/Daily Beast; and Up host Chris Hayes ([@chris hayes]) attempt to unravel the tangles web of international intrigues that surrounds Julian Assange, Wikileaks and the latest diplomatic imbroglio that has our attention.

There was a lot left out but it would most likely take more than the two hours of the show to even come close to trying to wend through the maze of information and sort out the the innuendo from the facts. But here is some of what we do know about the actors in this multi-act play so far:

Theses are some of the details about charges and how the case was handled by the Swedish police and prosecutors:

  • 1)  Julian Assange is not charged with anything in Sweden or any other country. (Source: @wikileaks)
  • 2)  Julian Assange did not flee Sweden to avoid questioning. He was given permission to leave the country on the 15th September 2010, after remaining 5 weeks in Sweden for the purpose of answering the allegations made against him. {Source: Undue delay for Julian Assange’s interrogation)
  • 3)  The case against Julian Assange was initially dropped, and deemed so weak it could not warrant investigation. After the intervention of a Swedish politician close to American diplomats, it was revived by a different prosecutor. (Source: Why is Julian Assange in jail?)
  • 4)  In all instances, the 2 plaintiffs consented to sexual intercourse, which they did not take the initiative to stop: they never expressed non-consent and afterwards declared to not have felt threatened by Julian Assange. (Sources: Swedish Police Report and The offences described in the EAW are not extradition offences)
  • 5)  A condom submitted as evidence by complainant AA, who claimed it had been deliberately torn by Julian Assange during sexual intercourse, contains no chromosomal DNA from either the complainant or Julian. (Source: Overlooked evidence in the Assange trial)
  • (6)  Text messages exchanged between complainants and their friends contradict the factual allegations in the European Arrest Warrant (EAW) issued for Julian Assange and cast doubt on the allegations. (Source: Brief to Canberra Meeting of MPs)
  • 7)  After the date of the alleged sexual misconduct: a) Complainant AA created then deleted evidence (tweets) indicating she was enjoying Julian Assange’s company; b) AA went as far as suggesting one of her friends (Witness C) should be intimate with Julian as well. (Sources: AA: The Twitter Trail, Göran Rudling Witness Statement and Police Statement of Witness C (pdf))
  • 8)  The law firm hired in the Assange investigation is ran by Claes Borgström (politician and legal representative for both plaintiffs) and by former minister Thomas Bodström. Both are members of the Social Democrat Party in Sweden. Bodström is a friend of police interrogator Irmeli Krans, who interrogated complainant SW.  (Source: Irmeli Krans: The Facebook Trail)
  • 9) Police interrogator Irmeli Krans is, in turn, friends with the other plaintiff, complainant AA, with whom she has political ties (Social Democrat Party). Krans also breached protocol by commenting negatively about Julian Assange on social media. (Source: Irmeli Krans: The Facebook Trail)
  • 10)  Swedish prosecutor, Marianne Ny, refused to provide Julian Assange or his lawyers with information on the allegations against him in writing. This violates the Swedish Code of Procedure (RB 23:18) and the European Convention of Human Rights (article 5), and the EU Fundamental Charter on Human Rights.

    Prosecution also refused all voluntary offers for cooperation that fit under Mutual Legal Assistance protocol, such as making use of alternative methods to interview Julian Assange. (Sources: Fair Trial for Julian Assange? and Abuse of Process: Disproportionate use of EAW and INTERPOL Red Notice)

  • 11)  Both the EAW and the Interpol red notice were issued for Julian by Sweden just before WikiLeaks began to publish Cablegate. (Source: Brief to Canberra Meeting of MPs)
  • 12)  The allegations against Julian Assange do not constitute an offense in Australia or in the UK. (Source: The offences described in the EAW are not extradition offences)
  • h/t Notes on Wikileaks

    We also know that one of Mr. Assange’s accusers has close ties to the CIA.

    We know that former Stockholm chief district prosecutor Sven-Erik Alhem said that the Swedish government had no legitimate reason to seek Assange’s extradition when he testified that the decision of the Swedish government to extradite Assange is “unreasonable and unprofessional, as well as unfair and disproportionate“, because he could be easily questioned in the UK.

    We know that there is strong evidence that the United States is seeking to indict Mr. Assange and prosecute him under the Espionage Act.

    We also know that Ecuador’s president Rafael Correa may have been motivated by geopolitical factors in Latin America:

    Any policy of isolating Assange may have failed now, as the conflict becomes one in which Ecuador-and a newly independent Latin America-stand off against the US and UK. Ecuador’s president Rafael Correa represents the wave of new nationalist leaders on the continent who have challenged the traditional US dominance over trade, security and regional decision-making. Correa joined the Venezuelan-founded Bolivarian Alternative for the Americas in June 2009, and closed the US military base in Ecuador in September 2009. His government fined Chevron for $8.6 billion for damages to the Amazon rainforest, in a case which Correa called “the most important in the history of the country.” He survived a coup attempt in 2010.

    It is very unlikely that Correa would make his asylum decision without consulting other governments in Latin America. An aggressive reaction by the British, carrying echoes of the colonial past, is likely to solidify Latin American ranks behind Quito, making Assange another irritant in relations with the United States.

    Earlier this year, many Central and Latin American leaders rebuked the Obama administration for its drug war policies and vowed not to participate in another Organization of American States meeting that excluded Cuba. Shortly after, President Obama acted to remove his Latin American policy chief, Dan Restrepo, according to a source with close ties to the Obama administration. Now the Assange affair threatens more turmoil between the United States and the region.

    Oh, what a tangled web.

    Load more