Tag: Politics

Jul 11 2011

Obama: Progressives, “Eat Your Peas”

Catfood is made out of peas? Who knew? lambert

This press conference tells us that the austerity crap isn’t some bit of political posturing, it’s a belief. We’re doomed. Atrios

The right wing Republican talking points that were spewed by President Obama at his press conference were so thick that it has left no doubt the president is about to sell out the middle class and poor.

President Obama said Monday that he had “bent over backwards” to forge a compromise with Republicans on a debt limit deal – and that it was time for them to “budge.”

“I am prepared to take on significant heat from my Party to get something done and I expect the other side to be willing to do the same thing,” he said. . . . .

“We have to pull off the Band-aid — to eat our peas,” he said.

I don’t often agree with NYT Columnist Russ Douthat but his analysis of the “madness” cuts to the point:

Barack Obama wants a right-leaning deficit deal.  

The not-so-secret secret is that the White House has given ground on purpose. Just as Republicans want to use the debt ceiling to make the president live with bigger spending cuts than he would otherwise support, Obama’s political team wants to use the leverage provided by those cra-a-a-zy Tea Partiers to make Democrats live with bigger spending cuts than they normally would support. . . .

Why? Because the more conservative-seeming the final deal, the better for the president’s re-election effort. In that environment, Republicans have every incentive to push and keep pushing. Since any deal they cut will be used as an election-year prop in 2012, they need to make sure the president actually earns his budget-cutting bona fides.

The problem is that voters don’t care about the deficit. They care about jobs and the economy. Spending cuts, tax cuts and austerity programs do ot create jobs. Even Ronald Reagan’s budget director, David Stockman, now admits that Reaganomics and the Bush tax cuts are a major cause of the current “debt crisis” and takes Obama and Rep. Paul Ryan to the “woodshed”

“In attacking the Bush tax cuts for the top 2 percent of taxpayers, the president is only incidentally addressing the deficit,” he writes. “Mr. Obama is thus playing the class-war card more aggressively than any Democrat since Franklin D. Roosevelt – surpassing Harry S. Truman or John F. Kennedy when they attacked big business or Lyndon B. Johnson or Jimmy Carter when they posed as champions of the little guy.”

“On the other side,” he continues, “Representative Ryan fails to recognize that we are not in an era of old-time enterprise capitalism in which the gospel of low tax rates and incentives to create wealth might have had relevance.”

Eat your peas, we are doomed.

Jul 11 2011

Punting the Pundits

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

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

Paul Krugman: No, We Can’t? Or Won’t?

If you were shocked by Friday’s job report, if you thought we were doing well and were taken aback by the bad news, you haven’t been paying attention. The fact is, the United States economy has been stuck in a rut for a year and a half.

Yet a destructive passivity has overtaken our discourse. Turn on your TV and you’ll see some self-satisfied pundit declaring that nothing much can be done about the economy’s short-run problems (reminder: this “short run” is now in its fourth year), that we should focus on the long run instead.

This gets things exactly wrong. The truth is that creating jobs in a depressed economy is something government could and should be doing. Yes, there are huge political obstacles to action – notably, the fact that the House is controlled by a party that benefits from the economy’s weakness. But political gridlock should not be conflated with economic reality.

Paul Rosenberg:

As things stand today, the US is hurtling toward a budget showdown in less than a month. Either President Obama will once again capitulate to extreme Republican budget-slashing demands, making Democrats seem as much of a threat to Medicare as Republicans, and virtually ensuring a GOP electoral sweep in 2012, or the US will default on its debt for the first time in its history, most likely plunging the world economy back into another five-continent recession, also costing Democrats the 2012 elections. These are the options left for a president and a political class completely divorced both from reality, and its own history of how one of the three greatest US presidents of all time steered the country from the brink of collapse eight decades ago

Entirely forgetting the real history of how Franklin D Roosevelt used activist government to save American capitalism from itself, the entire US political establishment is instead hypnotized by the false history woven around its most over-hyped president of all time: Ronald Reagan. Idolatry of Reagan’s supposed tax-cutting wonders propels the now widespread economic belief that up is down, that cutting government spending is the way out of – rather than into – a severe recession. At the same time, idolatry of Reagan’s supposed political wonders propels GOP extremists to ignore all other considerations.

Joseph E. Stiglitz: The Evils of Unregulated Capitalism

Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world.

Indeed, over the course of this ideology’s 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.

Moreover, output growth in the United States was not economically sustainable. With so much of US national income going to so few, growth could continue only through consumption financed by a mounting pile of debt.

I was among those who hoped that, somehow, the financial crisis would teach Americans (and others) a lesson about the need for greater equality, stronger regulation, and a better balance between the market and government.

Alas, that has not been the case.

Eugen Robinson: A little more revenue could go a long way

Do progressives care about reducing the national debt? Of course they do, no matter what the White House might believe.

“We think that obviously there are some Democrats who don’t feel as strongly about deficit reduction as [President Obama] does,” senior adviser David Plouffe said Wednesday at a breakfast with reporters and columnists. But that’s not obvious at all. It isn’t even true.

There’s no dispute about where we need to go. The question is what path to take.

Clearly, the federal government cannot continue spending at a rate of 25 percent of gross domestic product while taking in revenue that equals less than 15 percent of GDP, as is the case this year. We would reach the point where debt service crowds out health care, education and other priorities dear to progressives’ hearts. Major investments the nation desperately needs to make – for infrastructure and energy research, for example – would be impossible. Decline would be inevitable.

Steven J. D’Amico: Trade Deals are No Deal for US

LONG BEFORE 2008, when Wall Street’s unchecked greed brought the world’s economy to its knees, we in the middle class could feel our future slipping away. We knew that we were working longer and harder – we could see that even with two salaries, most families had less disposable income than families did in the 1960s and ’70s when one income was the norm. We knew that good quality jobs were harder to find and hold. And we knew that a big reason we were falling behind was a flawed trade policy that shipped many of our jobs overseas.

Yet even after losing 682,000 jobs to NAFTA since it took effect in 1994, and 2.4 million to China since it joined the World Trade Organization, Washington continues in its blind faith that somehow these trade deals are good for us. This summer Congress is expected to take up three new trade deals – with Korea, Panama, and Colombia. These trade pacts are bad for American workers, bad for our domestic economy, and bad for democracy.

New York Times: An Aggressive Ruling on Clean Air

The Environmental Protection Agency on Thursday issued a welcome and overdue rule compelling power plants in 27 states and the District of Columbia to reduce smokestack emissions that pollute the air and poison forests, lakes and streams across the eastern United States. The regulation reflects the E.P.A.’s determination to carry out its mandates under the Clean Air Act despite fierce Congressional opposition, and bodes well for progress on a host of other regulatory challenges the agency faces.

The rule, which takes effect in 2012, would cut emissions of sulfur dioxide, a component of acid rain, and nitrogen oxide, a component of smog, by more than half by 2014 compared with 2005 levels. The E.P.A. administrator, Lisa Jackson, said the rule would improve air quality for 240 million Americans in the states where the pollution is produced and in areas downwind.

Caroline Arnold: How Much Blame Do We Share for Our Leaders’ Failures?

Six years ago, in the wake of the botched management of Hurricane Katrina and its aftermath, a friend warned me against blaming Republicans.

I replied flippantly that as an unrepentant progressive, I quite enjoyed blaming Republicans, though I recognized that even the GOP, PNAC, and all their associated think-tanks and trained media rescue-dogs couldn’t have single-handedly created a disaster of that magnitude. I added that if the Republicans had planned Katrina, they probably would have directed it to Ohio. Of course there aren’t any hurricanes in Ohio, but heck, there weren’t any WMDs in Iraq, either.

Another friend who had volunteered in the cleanup of Katrina running a ham radio operation observed that among the agencies and organizations trying to help, the farther up the hierarchy of any institution, public or private, the worse prepared the people were, the more out of touch, the more incompetent, and the more their efforts were downright damaging.

… sounds like The Peter Principle to me. And an interesting corollary would probably be that the higher the hierarchy, the greater the level of incompetence.

Jul 10 2011

Congressional Game of Chicken: GOP Smells Success

I think the GOP is smelling success in their goal of making President Obama a one term president. Even bloggers like the Rude Pundit doubt Obama:

At some point, Obama has to squash McConnell and Boehner like bugs (although he probably won’t)

Now that Boehner has once again walked away from the negotiating table, Senate Minority Leader Mitch McConnell made it clear on Fox News Sunday that his top priority is stopping Obama’s re-election:

Even with the country on the brink of default, the Senate’s highest ranking Republican says his “single most important” goal is to make Barack Obama a one-term president.

“The single most important thing we want to achieve is for President Obama to be a one-term president,” Senate Majority Leader Mitch McConnell told National Journal’s Major Garrett in October.

Fox News’ Bret Baier asked McConnell Sunday if that was still his major objective.

“Well, that is true,” McConnell replied. “That’s my single most important political goal, along with every active Republican in the country.”

“But that is in 2012,” he added. “Our biggest goal for this year is get this country straightened out and we can’t get this country straightened out if we don’t do something about spending, about deficit, about debt and get the economy moving again. So our goal is to have a robust vibrant economy to benefit all Americans.”

McConnell told Baier that a “Grand Bargain,” where Republicans agree to tax hikes in exchange for cutting Social Security and Medicare benefits, was likely off the table.

“I think it is. Everything they told me and the Speaker is to get a big package would require big tax increases in the middle of the economic situation that is extraordinarily difficult with 9.2% unemployment. We think it’s a terrible idea. It’s a job-killer.”

Priorities aside, what all these politicians don’t seem to understand is that austerity is the “job killer”, especially with the the job market and wages sinking like a rock. President Obama’s grand plan of $4 trillion in deficit reductions with cuts to vital social safety nets as the carrot and minuscule revenue increases, is even worse. This is all about maintaining the status quo for the wealthiest who have proven since the Bush tax cuts that they will just keep the money and screw the masses.

John Aravosis sums up this debacle quite succinctly:

Someone’s being played.  First the Republicans walked out of the Biden talks.  Now Boehner is refusing the President’s more than generous offer to cut Social Security and Medicare as part of a larger deal absurdly skewed towards GOP goals.  It’s those pesky tax increases, you see.  It’s just not enough that the President caved on a clean debt ceiling, caved on having an additional stimulus instead of spending cuts, caved on postponing spending cuts until the economy is well again, caved on at least making spending cuts equal to tax increases, and caved on keeping cuts to Social Security and Medicare out of this.

Mind you, it’s not entirely clear what the Republicans have even agreed to here in terms of any tax increases.

So the GOP walks, and Obama will just have to sweeten the deal to “save the hostages.”  Did anyone else see this coming?

Someone is being played alright, the American people.

I have no hope for any rational solution that is going to improve the economy and the job situation for Americans. It makes no difference who is in the White House at this point, or in 2012.  Obama will never stand up to McConnell and Boehner simply because he agrees with them. They are playing Russian Roulette with a loaded gun at the American people’s head.

Jul 10 2011

Punting the Pundits: Sunday Preview Edition

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

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

The Sunday Talking Heads:

This Week with Christiane Amanpour: This Week has exclusive interviews with White House Chief of Staff Bill Daley and IMF Managing Director and Chair Christine Lagarde.

The roundtable guests, George Will, Democratic strategist Donna Brazile, Bloomberg’s Al Hunt, and ABC News Senior Political Correspondent Jonathan Karl will discuss the “debt ceiling divide”.

Another roundtable with Vanity Fair columnist and ADWEEK editorial director Michael Wolff, NPR’s Nina Totenberg and CourtTV founder Steve Brill, will debate “the state of the media in this tabloid culture.”

Face the Nation with Bob Schieffer: Mr, Schieffer’s guests are Treasury Secretary Timothy Geithner, Sen. Jeff Sessions (R-AL) and Sen. Bill Nelson (D-FL).

The Chris Matthews Show: This Week’s guests, Bob Woodward The Washington Post Associate Editor, Andrea Mitchell, NBC News Chief Foreign Affairs Correspondent, Jamie Tarabay, National Journal Managing Editor and Clarence Page, Chicago Tribune Columnist, will discuss:

Is the Tea Party’s flirtation with default a big favor to Barack Obama?

Is Michele Bachmann too far right even for the GOP?

Meet the Press with David Gregory: Treasury Secretary Timothy Geithner is making the rounds. Republican presidential contender, former Minnesota governor Tim Pawlenty has his turn with Gregory.

The Washington Post’s Eugene Robinson and NBC’S Chief White House Correspondent and Political Director Chuck Todd join in a discussion of the debt ceiling fight and its impact on Obama’s 2012 reelection.

State of the Union with Candy Crowley: House Majority Whip Kevin McCarthy and Democratic Rep. Chris Van Hollen will have a stand off about the debt ceiling and its impact.

GOP Presidential candidate Rick Santorum will exam his chances of getting the GOP nod.

Ans finally. a look at the future of space exploration for the United States.

Fareed Zakaris: GPS: Fareed Zakaria asks Peter Godwin, author of “The Fear”, about whether the birth of South Sudan will be marred by war.

The New York Times’ Nicholas Kristof talks about whether Sudan will allow South Sudan to flourish.

This could change the conversation on these shows: John Boehner Rejects Obama’s Grand Bargain On Debt Ceiling

New York Times Editorial: The Worst Time to Slow the Economy

It was not surprising to hear the Republican presidential candidates repeat their tiresome claim that excessive government spending and borrowing were behind Friday’s terrible unemployment report. It was depressing to hear President Obama sound as if he agreed with them.

The Labor Department report showed virtually no job growth in June, with the unemployment level edging up to 9.2 percent from 9.1 percent the month before. It seemed to confirm last month’s indication that the economy had stalled. After the report came out, the president went to the Rose Garden and said he hoped that a conclusion to the current debt-ceiling talks would give businesses “certainty” that the government had its debt and deficit under control, allowing them to start hiring again.

Certainty? That sounds like Mitt Romney, or any of the other Republicans who have concocted a phony connection between hiring and government borrowing.

Jane Hamsher: Breaking Point: Obama and the Death of the Democratic Party

According to both the Washington Post and the New York Times, Obama is proposing cuts to Social Security in exchange for GOP support for tax hikes.

Nobody ever says they want to “cut” Social Security or Medicare. They want to “save” it.  Just ask Pete Peterson, he wants to “save” it. Likewise AARP.  They don’t want reduced benefits for senior citizens, they want to “preserve” it for future generations.  If they have an enormous customer base they can market private “add-on” accounts and other retirement products to when Social Security goes bye-bye, I guess that’s just a happy coincidence.

Now if you think that this is something the President is doing because it’s the only way to get Republican cooperation you can stop reading here, because we’re going to disagree.  From the moment he took the White House, the President has wanted to cut Social Security benefits.  David Brooks reported that three administration officials called him to say Obama “is extremely committed to entitlement reform and is plotting politically feasible ways to reduce Social Security as well as health spending” in March of 2009.  You can only live in denial for so long and still lay claim to being tethered to reality.

Amy Goodman: WikiLeaks, Wimbledon and War

Last Saturday was sunny in London, and the crowds were flocking to Wimbledon and to the annual Henley Regatta. Julian Assange, the founder of the whistle-blower website Wikileaks.org, was making his way by train from house arrest in Norfolk, three hours away, to join me and Slovenian philosopher Slavoj Zizek for a public conversation about WikiLeaks, the power of information and the importance of transparency in democracies. The event was hosted by the Frontline Club, an organization started by war correspondents in part to memorialize their many colleagues killed covering war. Frontline Club co-founder Vaughan Smith looked at the rare sunny sky fretfully, saying, “Londoners never come out to an indoor event on a day like this.” Despite years of accurate reporting from Afghanistan to Kosovo, Smith was, in this case, completely wrong.

Close to 1,800 people showed up, evidence of the profound impact WikiLeaks has had, from exposing torture and corruption to toppling governments.

Assange is in England awaiting a July 12 extradition hearing, as he is wanted for questioning in Sweden related to allegations of sexual misconduct. He has not been charged. He has been under house arrest for more than six months, wears an electronic ankle bracelet and is required to check in daily at the Norfolk police station.

Johann Hari: Would You Trust a Management Consultant with the World’s Rainforests?

Our protests stopped David Cameron handing UK forests over to corporations. Now the rainforests are being handed to management consultants

The two most dreaded words in any office are the same – management consultants. Their arrival rumbles through a workplace like the approaching thwump-thwump of the T-Rex in Jurassic Park, rattling our desks and making us all fear we will be picked up and gored at random. We’re right to be afraid – and scornful. According to “Rip Off”, a report on management consultants by David Craig, 170 organizations who used management consultants were studied in the 1990s by the Cranfield School of Management, and only 36 per cent of clients thought they had brought any value. We all know now that management consultants were threaded through the banksters and hedge funders who just crashed the global economy.

But now management consultancy has been taken to a whole new level, according to a startling new report by Greenpeace entitled: “Bad Influence: How McKinsey-inspired plans lead to rainforest destruction.” Management consultants have, in effect, been tasked with setting the future of the world’s rainforests – and facing accusations that they are using our money to draw up plans that will result in their more rapid destruction. Instead of stopping the loggers and miners, the report suggests they are aiding them.

Jul 09 2011

Punting the Pundits

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

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

William Rivers Pitt: A Looming Betrayal

Exactly what the hell is going on around here?

On Thursday, headlines on both the Washington Post and the New York Times announced that President Obama had put both Social Security and Medicare on the chopping block, as part of some “grand bargain” with House Speaker Boehner and the GOP to cut the deficit and avoid blowing the August 2 debt limit deadline. The deal, as reported, would also include as much as $1 trillion in “new revenue” to be raised by closing off and eliminating loopholes in the tax code. No tax increases of any kind were on the table.

snip

This is a matter of honor, plain and simple. An ocean of blood, sweat and tears has been spent bringing these all-important programs to life, and even more has been spent protecting and defending them. If this president consents to throw all that over in an act of political triangulation, he will be marked in my book for all time as a failure, a betrayer, and a disgrace.

In my book, and in many other books besides.

New York Times Editorial: Safe, Not Sorry, on Drilling

The Cuomo administration seems prepared to strike the right balance between environmental protection and economic development as it writes the rules that will govern hydraulic fracturing, a controversial technique used to extract natural gas from shale formations.

A long-awaited report issued July 1 by the New York State Department of Environmental Conservation recognizes hydraulic fracturing’s potential dangers to water supplies and recommends a flat ban on drilling inside New York City’s sprawling watershed. It would ban drilling in the Syracuse watershed, in aquifers used by other cities and towns, and in state parks and wildlife preserves.

The report, however, is merely a draft. The final environmental assessment and the detailed regulations to follow must be tightly drawn before New Yorkers can be confident that the gas will be extracted with minimum risk.

A. C. Grayling: From the Gutter, Into the Sewer

One anomalous feature of British journalism is its long history of scurrilous, muckraking weekly scandal-sheets, the tabloids or “gutter press,” which since the Victorian era have delighted blue-collar readers with stories of murders and sexual misconduct.

Mr. Murdoch’s achievement was to take the tabloid press from the gutter into the sewer, widening its range from coverage of celebrity scandals to the performance of criminal acts. Some of the latter, such as hacking into the phones of crime victims and their families, were appalling.

There is no redeeming feature in the scandal that has engulfed Mr. Murdoch’s British fief, News International, other than that it has now killed his biggest-selling newspaper, The News of the World. This tabloid made its money by regularly crossing the line of decency; the revelation that it also regularly crossed the line of legality surprises no one, for no one expected any better. What has horrified the British public is the nature of the illegalities. Murdoch journalists not only hacked into the phones of child murder victims and their parents, but of the families of victims of terrorist attacks and of soldiers killed in Afghanistan and Iraq.

David R. Row: Death Penalty, Still Racist and Arbitrary

LAST week was the 35th anniversary of the return of the American death penalty. It remains as racist and as random as ever.

Several years after the death penalty was reinstated in 1976, a University of Iowa law professor, David C. Baldus (who died last month), along with two colleagues, published a study examining more than 2,000 homicides that took place in Georgia beginning in 1972. They found that black defendants were 1.7 times more likely to receive the death penalty than white defendants and that murderers of white victims were 4.3 times more likely to be sentenced to death than those who killed blacks.

What became known as the Baldus study was the centerpiece of the Supreme Court’s 1987 decision in McCleskey v. Kemp. That case involved a black man, Warren McCleskey, who was sentenced to die for murdering a white Atlanta police officer. Mr. McCleskey argued that the Baldus study established that his death sentence was tainted by racial bias. In a 5-to-4 decision, the Supreme Court ruled that general patterns of discrimination do not prove that racial discrimination operated in particular cases.

Joe Conason: Obama’s Raw Deal?

Suddenly Republican leaders in Congress, after months of staring down the Democrats over a potentially disastrous debt default, began blinking so fast that they might be signaling in Morse code. Although their message is muddled and illogical — with House Majority Leader Eric Cantor, R-Va., saying he can accept closing tax loopholes only if such measures are “revenue neutral,” thus canceling their budgetary value — the Republicans now appear to understand that they will be blamed by voters if the negotiations collapse.

And Democrats appear to understand that they have the political advantage, as they voiced support for a proposal by Senate Budget Committee chair Kent Conrad, D-N.D., to reduce future deficits by $4 trillion with an even split between increased revenues and reduced spending.

But just when the Republicans are showing fear and losing momentum, there is one important Democrat who seems to think it is time to wave the white flag — and give his enemies a historic victory on the eve of his own re-election bid.

David Sirota The Finland Education Phenomenon

When I heard the news last week that the Department of Education is aiming to subject 4-year-olds to high-stakes testing, all I could do is shake my head in disbelief and despondently mutter a slightly altered riff off “The Big Lebowski’s” Walter Sobchak.

Four-year-olds, dude.

You don’t have to be as dyspeptic as Walter to know this is madness. According to Stanford University’s Linda Darling-Hammond, who headed President Obama’s education transition team, though we already “test students in the United States more than any other nation,” our students “perform well below those of other industrialized countries in math and science.” Yet the Obama administration, backed by corporate foundations, is nonetheless intensifying testing at all levels, as if doing the same thing and expecting different results is innovative “reform” rather than what it’s always been: insanity.

John Nichols: As Unemployment Spikes, Obama’s Got a Bigger Problem Than the Debt Ceiling

The big story out of Washington-and rightly so-is the debt ceiling fight that President Obama seems to be coming very close to losing. If the president abandons his 2008 campaign promise to be an absolute defender of Social Security, Medicare and Medicaid, he will have very little indeed to run on in 2012.

But that won’t be what beats him.

Because the biggest story in America is a different one from the biggest story in Washington. Americans are not that into the debt ceiling debate. Polling has suggested that less than a quarter of Americans are “closely following” the fight. Those numbers will rise a bit as the deadline gets closer and as the media hype the issue.

The issue that Americans have been following closely, and will continue to follow straight through the 2012 election cycle, the issue that tops the polls on the list of concerns, is the jobs crisis. Americans are worried about unemployment and underemployment.

And on Friday they got a lot more worried.

Jul 09 2011

Ten Reasons why I Shall Vote Republican Next Time 20110709

This is a rare piece, juxtaposed betwixt my regular pieces.  OK, now I got your attention!  I am sorry for the subterfuge.  However, this is actually a more important piece that the title indicates.  Unless you fall into one of the ten categories, there is NO reason to vote for a Republican.

I usually do not use satire in my pieces, except for small snippets, but this idea sort of  screams hyperbole.  I hope that this makes people think.  If it does, I succeeded.  If not, I failed.  You tell me in the comments.

Jul 09 2011

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

Jul 08 2011

Congressional Game of Chicken: Debt Limit & Social Security

While there is a lot of angst on the part of the left and progressives over President Obama putting Social Security on the bargaining table for some meager tax concessions, they are still no closer to an agreement with the Republicans on the looming debt limit. Obama has rejected any temporary deal that would just kick the can down the road, possibly making the debt limit an even bigger issue in 2012 and a door for the Republicans to get the Bush/Obama tax cuts extended, or worse made permanent. The President has also said that he would not renew them again but after the last 3 years, can we realistically believe anything he says. After all, he is now doing what Bush could never have gotten away with, putting the safety nets for our seniors, disabled and poor on the line to protect the wealthiest.

Today. The Speaker of the House, John A. Boehner, clearly stated, “There is no agreement, in private or in public.”  The House recess for July 18th has been canceled signally that no agreement is in sight.

House Minority Leader Nancy Pelosi met pivately with the President today. Prior to her meeting Ms. Pelosi clearly indicated that she would resist efforts to tie the deal to Social Security.

“Do not consider Social Security a piggy bank for giving tax cuts to the wealthiest people in our country,” Ms. Pelosi said to reporters on Capitol Hill after the meeting. “We are not going to balance the budget on the backs of America’s seniors, women and people with disabilities.”

Last night Keith Olbermann looked at this current state of these discussions.

Boehner: “We are not going to raise taxes on the very people that we expect to invest in our economy and help grow jobs.”

Olbermann: “Shut up. If they were reinvesting in the economy, we wouldn’t be in this position, moron. They’re keeping the money.”

Rep Raul Grivala: “Without overwhelming support from our caucus, this would be a difficult bill to pass”

Pres. Bill Clinton. They quadrupled the debt before me and double it after. Suddenly it’s the biggest problem in the world”

Ryan Grimm: “Obana has been dangling safety net cuts for the last several weeks.  He created the cat food commission . . .

The idea that Obama is the defender of Sociual Security isn’t going to get you very far.

“One dime a month is enough to put many elderly in the poor house.”

Considering today’s news about jobs and unemployment at 9.2%, this, to put it bluntly, sucks.

Jul 08 2011

Punting the Pundits

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

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

Paul Krugman: What Obama Wants

On Thursday, President Obama met with Republicans to discuss a debt deal. We don’t know exactly what was proposed, but news reports before the meeting suggested that Mr. Obama is offering huge spending cuts, possibly including cuts to Social Security and an end to Medicare’s status as a program available in full to all Americans, regardless of income.

Obviously, the details matter a lot, but progressives, and Democrats in general, are understandably very worried. Should they be? In a word, yes.

Now, this might just be theater: Mr. Obama may be pulling an anti-Corleone, making Republicans an offer they can’t accept. The reports say that the Obama plan also involves significant new revenues, a notion that remains anathema to the Republican base. So the goal may be to paint the G.O.P. into a corner, making Republicans look like intransigent extremists – which they are.

But let’s be frank. It’s getting harder and harder to trust Mr. Obama’s motives in the budget fight, given the way his economic rhetoric has veered to the right. In fact, if all you did was listen to his speeches, you might conclude that he basically shares the G.O.P.’s diagnosis of what ails our economy and what should be done to fix it. And maybe that’s not a false impression; maybe it’s the simple truth.

Lawrence H. Tribe: A Ceiling We Can’t Wish Away

ON May 16, the United States hit its legal debt limit of $14.3 trillion. Unless that limit is raised, the Treasury will, on Aug. 2, be unable to pay its bills. It will then have to either stop spending money on government programs, or default on paying the nation’s creditors.

The White House and Congressional Republicans agree in principle that the debt ceiling needs to be raised, but they are at an impasse on how to constrain the deficit’s rapid growth. Meanwhile, some people have theorized that there’s a way to get around the debt limit.

Several law professors and senators, and even Treasury Secretary Timothy F. Geithner, have suggested that section 4 of the 14th Amendment, known as the public debt clause, might provide a silver bullet. This provision states that “the validity of the public debt of the United States, authorized by law … shall not be questioned.” They argue that the public debt clause is sufficient to nullify the ceiling – or can be used to permit the president to borrow money without regard to the ceiling.

Both approaches provide the false hope of a legal answer that obviates the need for a real solution.

Carl Gibson: Tax the Rich, Problem Solved

What if there was a group of terrorists holding your family hostage with a gun pointed at themselves, demanding the account number to your pension fund? Would you negotiate with the terrorists by allowing them access to your savings, or would you let them shoot themselves and keep your retirement money intact?

Congressional Republicans are threatening to default on the debt unless President Obama caves to their demands to cut Medicare, Medicaid and Social Security spending. Regardless of the market-crashing consequences of a debt default, actually doing so would be unconstitutional. Section 4 of the 14th Amendment clearly states that “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions…shall not be questioned.” Republicans are violating the constitution by threatening a debt default. End of discussion.

Eugene Robinson: A little more revenue could go a long way A little more revenue could go a long way

Do progressives care about reducing the national debt? Of course they do, no matter what the White House might believe.

“We think that obviously there are some Democrats who don’t feel as strongly about deficit reduction as [President Obama] does,” senior adviser David Plouffe said Wednesday at a breakfast with reporters and columnists. But that’s not obvious at all. It isn’t even true.

There’s no dispute about where we need to go. The question is what path to take.

Clearly, the federal government cannot continue spending at a rate of 25 percent of gross domestic product while taking in revenue that equals less than 15 percent of GDP, as is the case this year. We would reach the point where debt service crowds out health care, education and other priorities dear to progressives’ hearts. Major investments the nation desperately needs to make – for infrastructure and energy research, for example – would be impossible. Decline would be inevitable.

The way to avoid this dystopian future is to bring spending and revenue more into balance. Yes, there will be some pain and sacrifice. But it is not necessary – nor is it wise – to heap a disproportionate share of the burden onto the backs of the poor, the elderly and the battered middle class.

John Nichols: With Rupert Murdoch’s Empire in Crisis, What of Fox and His American Project?

Rupert Murdoch’s global media monolith, which includes key players in America’s right-wing media echo chamber, Fox News channel, the New York Post and the Wall Street Journal, is in meltdown.

A headline in Britain’s Independent newspaper Thursday morning cried: “Murdoch Empire in Crisis.”

Murdoch’s News Corporation announced Thursday that it would close Britain’s 2.8 million-circulation News of the World, once the highest-circulation newspaper on the planet, in response to a scandal that has exposed the sleazy practices of Murdoch’s employees. The immediate decision to close the 168-year-old newspaper came following revelations that a private investigator employed by the newspaper had allegedly hacked the cellphones of the families of British soldiers killed in Afghanistan and Iraq.

Jamelle Bouie: With Entitlements on the Table, Obama Plans to Go Big on a Budget Deal

Last night, several news outlets broke stories saying the same thing: President Obama is willing to make a deal on Social Security. Contrary to liberal hopes, this isn’t a deal to raise Social Security benefits or lower the eligibility age-a reasonable idea when unemployment is high and growth is sluggish. Instead, Obama has reportedly offered to expand the scope of spending cuts, including major changes to Social Security, Medicare and Medicaid, in return for $1 trillion in new revenue and an increase in the debt limit.

snip

In light of the size of the White House proposal and its limited palpability to members of both parties, it’s hard to see it as anything but political theater; an attempt to demonstrate President Obama’s willingness to go “big” on deficit reduction. Even still, it’s extremely disheartening; it demonstrates that, as always, Obama is willing to cater to the center-right in a huge way (entitlement cuts) for the sake of a small political advantage.

Jul 08 2011

Countdown with Keith Olbermann

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