Tag: TMC Politics

Is This A Sell Out?

I realize that there has been a lot of speculation about what went down in the 24 hrs prior to the SOTU after Miller announced that there was no bank/state settlement deal. There is a lot of speculation about Schneiderman and not without good reason. When I was writing my article for Stars Hollow I was careful not to join in the “sell out” theme that was running hot with some very respected bloggers. I think Obama is desperate. He knows that he is losing the Independents and moderate Republicans and needed to do something fast, especially in the light of the unpopularity of the 50 state agreement and the massive push to stop it. On the other side, and I somewhat agree with RJ Eskow on this, Schneiderman has the upper hand. He is wildly popular and scares the crap out of Cuomo & company. Schneiderman is not dropping the investigation here in NY, he’s expanding it from what I hear.

That said, I think that if this unit doesn’t move quickly in the evidence they already have, evidence BTW Schneiderman has not had access to, he will drop this like a hot potato and walk. Obama is walking a thin line and realizes that Wall St money alone will not get him reelected. I think Schneiderman is playing on that and hopes to at least hold some of them more responsible and get some better compensation for the homeowners that got screwed along with some regulation of the securitization that caused this all.

I have my doubts. There are better ways to do this, namely appointing a special prosecutor with a budget, investigators and subpoena power. I’m not willing to throw Schneiderman under the bus just yet.

I also think Obama wants him to succeed Holder who said he would leave this year even if Obama is reelected. It’s either him or CA’s AG Harris.

This was a complete surprise, so I’m being very cautious here, knowing what I do about Schneiderman and who is politically afraid of him. Like after Obama was elected, I’m watching and listening very carefully. Hoping that it is not as bad as it looks.

Eskow’s opinion appeared in Huffington Post and he disclosed that he is a fellow at Campaign for America’s Future, a left wing strategy center. (This site, however, is not affiliated with any outside organization and opinions expressed here are solely are own.) He gives a good analysis of the reasons for the skepticism of David Dayen, Yves Smith and Duncan Black (Atrios) who said, “It’s hard to see the Schneiderman thing as anything but bad news.”

Eskow dissects the reasons for the skepticism

The administration’s lack of prosecutions has been inexcusable. His administration has refused to prosecute even the most compelling prima facie cases of and has appointed one revolving-door banker after another to key economic positions. Its financial settlements with Wall Street have been disgraceful. For far too long the president pushed the nonsensical argument that “Wall Street and Main Street rise and fall together.”

And with an election coming up, bankers can write big checks that most other people can’t.

He also points out that if the Department of Justice and the SEC had been doing their jobs in the first place neither the Financial Fraud Task Force or this unit would be necessary. It’s hard not to agree with him that committees are “designed for paralysis and gridlock, not efficiency” and that president who promoted “”streamlining government” and “eliminating bureaucracy” would create this committee. Looking back on what happened with health care and financial reform everyone on the left has good cause to be wary of anything that President Obama does at this point and some groups, perhaps shouldn’t have been so effusive in their praise of this deal. Eskow, as do I, thinks that the White House, left scrambling after Iowa AG Tom Miller announced that there was no settlement with the banks and presented with citizen petitions that had hundred of thousands of names, reversed course in desperation. Then with the announcement that Schneiderman would “chair” the committee, there was a rush of exuberant relief that Obama was finally showing some signs of supporting the 99%.

As to the possibility that Schneiderman “caved”to pressure from the White House, Eskow backs up what I have said, Schneiderman has too much leverage:

Whatever Eric Schneiderman’s goals are, I doubt they include being stigmatized by progressives as a sell-out. His actions over the last few months have not been those of a guy who rolls over easily. It’s safe to assume that he wants to prosecute bank fraud, and that this appointment will give him access to the resources he’s needed to conduct a thorough investigation. [..]

Consider this: What would it do to the White House if Schneiderman labeled the entire effort a sham, resigned in protest, and continued his investigations alone? He must know he has leverage now, and presumably will use it if necessary.

Escow appeared with Cenk Uygur on “The Young Turks” to discuss the unit and Schneiderman with Cenk’s panel:

I certainly don’t agree with Michael Shure and what basically is “the lesser of two evils” meme. It can be just as bad with Obama. That said, could this turn out as the cynics are predicting? Sure and if it does we here at Stars Hollow, like Eskow, will say so.

Another good discussion of this new committee was with Delaware AG Beau Biden who appeared with Dylan Ratigan on MSNBC and his other guest real estate analyst, Jack McCabe:

I’m not ready to throw in the towel nor am I going to get on the cheer-leading band wagon. I will wait to see what transpires and keep my fingers crossed for the best outcome for the most people, the 99%.

Tweetie Likes Mitch

We all know that Chris Matthews is a fawning tool who gets excited over politicians’ rhetoric even when it laced with blatant lies and 1% talking points. But Matthews got called out by none other than Rachel Maddow when he went all gushy over Gov. Mitch Daniels (R-IN) rebuttal to President Obama’s State of the Union address.

   MATTHEWS: You know, I really liked that speech by Mitch Daniels. I thought it was really a Midwestern conservatism of the best kind, honest, fiscally conservative or course, but recognizing that we have to protect our safety net and we have to recognize that the rich cannot get all the pension money and all the entitlement money. There’s not enough to go around. We’re going to have to have means testing. We’re going to have to close the loopholes.

   A very responsible kind of look at fiscal conservatism that recognizes that the rich can’t plunder the poor any more, that if you’re going to have a true conservatism, in other words a society that will sustain itself, a society that will be at peace with itself, you need to help the people to get a break and that means it’s not Libertarianism at all. There’s nothing of Ron Paul in what that man said.

   It was a responsible social policy of the right, which was really I think cast in old time Midwest, Bob Taft conservatism, except for some of the bromides, the idiomatic crap that he threw in there to make everybody happy. There was a seriousness to this speech. And now I understand why people like Mitch Daniels.

   MADDOW: Chris I am very glad that we area all talking about this together because I could not disagree with you more about the speech. This was just my impression of it but I don’t have time to go into that…

   MATTHEWS: Why?

   MADDOW: We’re going to go into that in a moment.

   MATTHEWS: What’s wrong?

   MADDOW: I think that Mitch Daniels there to say the world is on fire. Be afraid. Run to Republicans. I mean, he’s talking about America as a country that… America adrift, quarreling and paralyzed going over Niagra. I mean this was a “Be afraid, be afraid, be afraid” this guy’s trying to murder the country speech.

   MATTHEWS: But he also had solutions. He had gutsy solutions. He wasn’t afraid to take on the rich and that’s so rare today in the Republican side.

   MADDOW: I will take you on that Chris, absolutely.

Does Daniels make Matthews’ leg tingle?

h/t Heather at Crooks and Liars Video Cafe for the transcript

Federal Investigation Mortgage Fraud A Possible Charade

While there are there are many reasons to cheer President Obama’s announcement during his State of the Union address that he was forming a special unit within the Financial Fraud Task Force to investigate the fraud and other illegalities that caused the financial crisis and collapse of the housing market, there are plenty of reasons to be very skeptical.

The unit will be co-chaired by New York Attorney General Eric Schneiderman who withdrew from the DOJ panel of state attorney generals that was working on a settlement with the big banks over their part in mortgage fraud. That’s about all the good news there is. The other members of the unit are Lanny Breuer, assistant attorney general at the Criminal Division of the Department of Justice, Robert Khuzami, director of enforcement at the SEC; John Walsh, a U.S. attorney in Colorado, and Tony West, assistant attorney general in the Civil Division at DOJ.  Also, the And there in lies the farce of this unit.

Lanny Breuer, along with Attorney General Eric Holder, was partner in the Washington DC law firm Covington & Burling that represented a number of big banks and MERS which are at the center of alleged foreclosure fraud. He recently appeared on “60 Minutesmaking numerous lame excuses justifying the lack of prosecutions out of the Justice Department. Despite the evidence, including records from federal and state courts and local clerks’ offices around the country, showing widespread forgery, perjury, obstruction of justice, and illegal foreclosures on the homes of thousands of active-duty military personnel, the Holder DOJ has not brought any criminal cases against big banks or other companies involved. There is a clear conflict of interest and possible ethics violations.

The director of enforcement of the SEC is another embarrassment. Robert Khuzami, a former general counsel at Deutsche Bank, one of the leading trustees in securitization, will no be looking into the instruments of the fraud he helped create. It has been Khuzami’s office that has been giving the banks no-fault settlements which recently were rejected by U.S. District Judge Jed S. Rakoff.

U.S. Attorney in Colorado, John Walsh, is most notable for justifying the crackdown on medical marijuana dispensaries in that state. He doesn’t appear to have any experience in prosecuting banking fraud.

The last unit member is Tony West, the brother-in-law of California’s Attorney General, Kamala Harris who like Schneiderman withdrew from the DOJ agreement because it was too little and didn’t hold the banks or companies libel. West, a lawyer with a Oakland, CA law firm and a former US attorney, appears to have little experience with financial fraud.

Is this really the way to do this? Why not create a Special Prosecutor with the budget and subpoena power rather than a committee within a task force that has done minimal in the last three years to investigate fraud? Both David Dayen at FDL News Desk and Yves Smith at naked capitalism think that Schneiderman is being used for a charade that would eventually let the banks get away with fraud anyway. But is Schneiderman that easily misled or dazzled by Obama’s offer? He certainly didn’t sound like he was going to end his state level investigation in this release from his office:

I would like to thank President Obama for his leadership in the creation of a coordinated investigation that marshals state and federal resources to bring justice for the victims of the misconduct that caused the mortgage crisis.

In coordination with our federal partners, our office will continue its steadfast commitment to holding those responsible for the economic crisis accountable, providing meaningful relief for homeowners commensurate with the scale of the misconduct, and getting our economy moving again.

The American people deserve a robust and comprehensive investigation into the global financial meltdown to ensure nothing like it ever happens again, and today’s announcement is a major step in the right direction.

(emphasis mine)

Considering who has run the Treasury, the revolving door of bankers in the Oval Office and Obama’s weak efforts in investigating or prosecuting any person or entity that would ruffle the feathers of his Wall St. contributors over the last three years, there is a whole lot of reason to be doubtful about the president’s sincerity or any future hope of substantial relief for homeowners.

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

Katrina vanden Heuvel: Why this election is a choice, not a referendum

At the “heart of this campaign,” Newt Gingrich told his adoring followers in his South Carolina victory speech on Saturday night, is the fundamental choice between “American exceptionalism” and “the radicalism of Saul Alinsky.” America has a choice, he argued, between the vision of the founders and that of radical organizer Saul Alinsky, between a paycheck president and a food stamp president.

For a man of serial corruptions, it is ironic that character assassination is Gingrich’s true craft. Dog-whistle racism – Obama as the “food stamp president” – provided him his initial lift in South Carolina. Few at Gingrich’s victory speech knew who Alinsky was, but they could tell from the name that he was surely unsavory and probably un-American.

But the Gingrich dichotomy is neither original nor unique. It is simply the gutter version of the standard Republican frame for this election. In the more tempered words of Mitt Romney, Obama is accused of trying to transform America from an “Opportunity Society” to a “European-style Entitlement Society.” No matter who wins the nomination, this will be a theme pounded on over the next months.

Adele M. Stan: Obama’s State of the Union Plays to His Base — But Not Everything Was Worth Cheering

In his State of the Union message, Obama succeeded in painting the GOP as obstructionist, and came down hard on the banks.

In the final State of the Union message President Barack Obama will deliver this term, he came out swinging against the obstructionism of Republicans in Congress, and spoke to the growing gap between America’s rich and poor.

With a delivery that often sounded like he was imploring America to believe in itself again, Obama gave an address that may not have been his most inspirational, but got the job done. He laid out a strong case for his programs and his administration’s efforts to revive the economy, and made the GOP look small and petty at the expense of everyday people.[..]

Joan Walsh: Mitt pounces, Newt pouts: Two rich guys squabble

Newt Gingrich clearly missed the rabid South Carolina crowds at Monday night’s debate. NBC asked the Tampa, Fla. audience not to cheer, and mostly they didn’t, leaving Gingrich listless without angry mob energy. He didn’t bash the media the way he did in last week’s Fox and CNN debates, and he tried to act presidential when Mitt Romney jabbed him about his work for Freddie Mac and Fannie Mae.

But he failed. Presidents don’t pout. A sulky Gingrich complained the GOP campaign had become “unnecessarily personal and nasty, and that’s sad.” Gingrich objecting to “personal and nasty” is as believable as Romney pretending he does his own laundry. That’s really sad. But Romney had the better night, hitting Gingrich early and often for having to resign the House speakership “in disgrace” due to ethics charges. And when Gingrich tried to claim he left his leadership post voluntarily, Ron Paul double-teamed him with Romney. “He didn’t have the votes, that was what the problem was,” Gingrich’s former House colleague told the crowd.

Dana Goldstein: Scratching the Surface of Obama’s Education Rhetoric

In general, I was underwhelmed by the education sections of President Obama’s State of the Union address, which were long on platitudes and short on honest talk about the difficulties of implementing school reform.

Most notably, the president made an odd and surprising proposal to make dropping out of high school illegal before the age of 18:

   We also know that when students aren’t allowed to walk away from their education, more of them walk the stage to get their diploma. So tonight, I call on every State to require that all students stay in high school until they graduate or turn 18.

Obama has, thankfully, done more than his predecessor to focus attention on underperforming high schools. George W. Bush’s signature education bill, No Child Left Behind, put most of its emphasis on fourth and eighth grade test scores in just two subjects, reading and math, while Obama’s school turnaround programs include support for so-called “dropout factories,” high schools with a graduation rate of less than 60 percent. The administration has focused, however, on fostering management reform in those schools, by turning them over to charter-school chains or replacing their principals and teaching staffs. It seems to me, however-and to many innovative high school educators-that one can’t really address the drop-out crisis without making school much more engaging for low-income teenagers, whether or not they show an inclination toward making it to and through a four-year college. This means dealing head-on with curriculum, not just tinkering with how teachers are hired and fired, and by whom.

Valerie Tarico: Righteous Abortion: How Conservative Christianity Promotes What It Claims to Hate

One of the great ironies of American society is that most abortions in the U.S. are caused by conservative Christians. Read the statistics: Forty nine percent of pregnancies in this country are unintended, a rate that has been painfully stable for almost 30 years. Almost half of those pregnancies end in abortion. Or, to turn it around, over 90% of U.S. abortions are the result of accidental pregnancy. U.S. rates of unwanted pregnancy and abortion far exceed any other country with similar economic development.  So does our rate of religiosity.  The fact that we are outliers on both is not a coincidence.

Three aspects of conservative Christianity promote abortion:  pro-natalism, an obsession with sexual sin, and an emphasis on righteousness over compassion.

Mary Bottari: Scott Walker’s Plutonomy: An Economy for the One Percent

While volunteer after volunteer from each of Wisconsin’s 72 counties marched into the state’s election board to deposit over one million signatures for the recall of Wisconsin Governor Scott Walker, Walker was no where to be found.

At the hour petitions were being deposited on January 17, Mother Jones revealed that Walker was scheduled to attend a high-dollar fundraiser in the heart of the New York’s financial district at 339 Park Avenue — the towering headquarters for global financial giant CitiGroup. The $5,000 per couple fundraiser was hosted by none other than Maurice “Hank” Greenberg, former CEO of AIG.

Walker’s choice to be on Wall Street the day of the recall filing is so astounding, for many it goes far beyond the notion of a tin ear. “Walker could not have sent a clearer signal to Wall Street, that he is on the side of the 1 percent ready to do their bidding and take the heat,” said Scot Ross of the Wisconsin group, One Wisconsin Now. Ross points to the data his group compiled to support his claim that Walker is constructing an economy that only the 1 percent could love.

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”.

This is a great read that make make you  a little dizzy but says volumes about Pres. Obama.

Bill Moyers and Michael Winship: The Washington-Wall Street Revolving Door Just Keeps Spinning Along

We’ve already made our choice for the best headline of the year, so far:

“Citigroup Replaces JPMorgan as White House Chief of Staff.”

When we saw it on the website Gawker.com we had to smile — but the smile didn’t last long. There’s simply too much truth in that headline; it says a lot about how Wall Street and Washington have colluded to create the winner-take-all economy that rewards the very few at the expense of everyone else.

Robert Reich: Obama’s Mixed Messages

Many Democrats are congratulating themselves that the final two in the 2012 Republican field are a stuffed shirt who can’t motivate his own base and a wild man who seems to inspire only fundamentalists and Tea Party fanatics. But let’s not pop the champagne quite yet.

According to a video sent to supporters Saturday, President Obama is planning to strike a “populist” note in his Tuesday State of the Union Address and in the themes he sounds in his re-election campaign. Obama will pledge “an America where everybody gets a fair shot, and everyone does their fair share and everybody plays by the same set of rules.”

“We can go in two directions. One is towards less opportunity and less fairness,” Obama declared in the video, “Or we can fight for where I think we need to go: building an economy that works for everyone, not just a wealthy few.”

Obama, say widely reported White House leaks, will double down on promises of tax breaks for manufacturing, job training and education initiatives, other help for the unemployed, and stronger efforts to deal with the foreclosure crisis. All of these, except for the tax breaks, by definition require activist government.

So despite Obama’s fervent desire throughout his presidency to surmount ideological divisions, 2012 promises to be a great ideological debate.

George Zornick: Obama Is on the Brink of a Settlement With the Big Banks-and Progressives Are Furious

For months, a massive federal settlement with big Wall Street banks over their role in the mortgage crisis has been in the offing. The rumored details have always given progressives heartburn: civil immunity, no investigations, inadequate help for homeowners and a small penalty for the banks. Now, on the eve President Obama’s State of the Union address-in which he plans to further advance a populist message against big money and income inequality-the deal may be here, and it’s every bit as ugly as progressives feared.[..]

As we noted last week, many progressive groups have begun a massive petition drive to push back against the settlement and demand fair investigations. Moreover, attorneys general in California, New York, Delaware, Nevada and Massachusetts have previously said they won’t be a part of any deal that offers civil immunity.

So the deal is far from done-but it’s certainly moving towards an undesirable conclusion. We’ll have plenty more in this space all week.

John Nichols: GOP Slates Antilabor Zealot Daniels for SOTU Response

The Republican Party is so determined to advance the extreme antilabor agenda of its Wall Street funders and front groups such as the American Legislative Exchange Council that it shoved aside John Boehner (might have teared up), Paul Ryan (last year’s man) and vaguely interesting governors such as New Jersey’s Chris Christie and South Carolina’s Nikki Haley (both backing a loser for president) in order to make way for Indiana Governor Daniels to deliver the response to Tuesday’s State of the Union address by President Obama.

The choice of Daniels, who is currently leading the fight to enact an antilabor “Right-to-Work (For Less)” law in Indiana,  sends a powerful signal at a time when the Republicans who would be president are stumbling over one another to proclaim their enthusiasm for “Right-to-Work” legislation, their disdain for public employees and their unions, and (in Newt Gingrich’s case) their determination to turn the clock back a century in order to eliminate child labor laws. Only Wisconsin Governor Scott Walker and Ohio Governor John Kasich are more closely linked in the public’s mind with the union-bashing frenzy that has so energized Republican governors and legislators. And Daniels is, arguably, the most aggressive union basher of all. Having already stripped Indiana public employees of collective bargaining rights, he is now aiding and abetting the efforts of Indiana Republican legislators to undermine the rights of private sector workers.

Roger Cohen: The Sarkozy Effect

LONDON – In the other election of 2012, the one more imminent, there are only two words worth remembering. The first is leadership. The second is change. The rest, as the French say, is du blah-blah.

If the French decide leadership is more important in a time of crisis they will grit their teeth and re-elect Nicolas Sarkozy. If they want change from a president never close to their hearts, they will – as Samuel Johnson said of second marriages – embrace hope over experience and elect the Socialist candidate, François Hollande.

SCOTUS Unanimous On Privacy Rights Of Citizens

This morning the Supreme Court handed down a 9 – 0 decision on the 4th Amendment and privacy right ruling that police must obtain a warrant before they can place GPS device on a person’s vehicle. The ruling in United States v. Jones upholds a citizen’s right to privacy and smacks down the Obama administrations defense of unlimited surveillance. The ruling overturns the drug conviction of Antoine Jones that used information from a GPS device that was placed on his vehicle without a warrant.

Justices Say GPS Tracker Violated Privacy Rights

WASHINGTON – The Supreme Court on Monday unanimously ruled that the police violated the Constitution when they placed a Global Positioning System tracking device on a suspect’s car and monitored its movements for 28 days.

But the justices divided 5-to-4 on the rationale for the decision, with the majority saying that the problem was the placement of the device on private property. That ruling avoided many difficult questions, including how to treat information gathered from devices installed by the manufacturer and how to treat information held by third parties like cellphone companies. [..]

Though the ruling was limited to physical intrusions, the opinions in the case collectively suggested that a majority of the justices are prepared to apply broad Fourth Amendment privacy principles unrelated to such intrusions to an array of modern technologies, including video surveillance in public places, automatic toll collection systems on highways, devices that allow motorists to signal for roadside assistance and records kept by online merchants.

The Obama administration had argued that under a 1983 ruling the police had the right to place the device:

One of the Obama administration’s main arguments in support of warrantless GPS tracking was the high court’s 1983 decision in United States v. Knotts, in which the justices ruled it was OK for the government to use beepers known as “bird dogs” to track a suspect’s vehicle without a warrant. In that case, the police had the consent of that truck’s owner, which was not the case in the opinion decided Monday, Scalia wrote.

Law Professor Jonathan Turley provides broader discussion of the two opinions that were written by Justices Samuel Alito and Anton Scalia. Scalia’s opinion prevailed with Justices Anthony M. Kennedy, Clarence Thomas and Sonia Sotomayor concurring.

Also Jeralyn E. Merritt of TalkLeft points out a question that was not addressed:

Whether the electronic surveillance, if achieved without having to physically trespass on Jones’s property, would have been “an unconstitutional invasion of privacy.”

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”.

New York Times Editorial: Dissent in the Jobs Council

At Disney World last week, President Obama announced new executive orders to speed up visas for foreign tourists to the United States. The measure, a priority for the travel industry, was one of several sensible recommendations made in the last year by Mr. Obama’s Council on Jobs and Competitiveness, a 27-member panel of corporate executives, academics, investors and labor leaders. The White House has carried out 17 others so far.

Increasingly, however, the council’s recommendations have resembled not so much expert advice as a corporate wish list. In a report last October, the council’s sound proposals for job-creating public works projects were overshadowed by its unfounded claim that antifraud provisions put in place in 2002 in response to Enron are an impediment to growth and hiring, and should be ended.

Paul Krugman: Is Our Economy Healing?

How goes the state of the union? Well, the state of the economy remains terrible. Three years after President Obama’s inauguration and two and a half years since the official end of the recession, unemployment remains painfully high.

But there are reasons to think that we’re finally on the (slow) road to better times. And we wouldn’t be on that road if Mr. Obama had given in to Republican demands that he slash spending, or the Federal Reserve had given in to Republican demands that it tighten money.

Van Jones: Obama Must Choose on Housing: Sweetheart Deal for the 1 Percent or Fairness for the 99 Percent?

Rumor has it that on Monday, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis-paying a tiny fraction of what’s needed in exchange for blanket immunity from future lawsuits.

We hope these rumors are untrue.

President Obama has the ability to stop and change the direction of this sweetheart deal. He should reject any deal that benefits the one percent and lets the big banks get away with their crimes. Instead, the president should stand with the 99 percent and push for real accountability and a solution that will help millions of people in this country.

Here are the hard facts about the housing crisis we face:

    3.5 million Americans are homeless.

    18.5 million homes sit vacant.

    Since 2007, more than 7.5 million homes have been foreclosed.

Default and foreclosure rates are now several times higher than at any time since the Great Depression.

Dean Baker: The Surefire Way to End Online Piracy: End Copyright

The popular rebellion against the Stop Online Piracy Act (SOPA) was an impressive display of democracy in action. The opponents of the bill were able to use the web and various social media venues to educate the public about the specifics of the bill. The resulting flood of emails, phone calls and letters caused the bill’s Congressional sponsors to cut and run.

While this revolt against the entertainment industry’s effort to rein in the web was inspiring, there is a real issue at stake. It is getting ever harder for creative workers to get paid for their work.

This is seen most clearly in the music industry. Sales of recorded music in the United States dropped from $14.6 billion in 1999 to $7.7 billion last year. If sales had kept pace with inflation and the growth of the economy they would be over $23 billion today.

Ellen Cantarow: Shale-Shocked: Fracking Gets Its Own Occupy Movement

This is a story about water, the land surrounding it, and the lives it sustains. Clean water should be a right: there is no life without it. New York is what you might call a “water state.” Its rivers and their tributaries only start with the St. Lawrence, the Hudson, the Delaware, and the Susquehanna. The best known of its lakes are Great Lakes Erie and Ontario, Lake George, and the Finger Lakes. Its brooks, creeks, and trout streams are fishermen’s lore.

Far below this rippling wealth there’s a vast, rocky netherworld called the Marcellus Shale. Stretching through southern New York, Pennsylvania, Ohio, and West Virginia, the shale contains bubbles of methane, the remains of life that died 400 million years ago. Gas corporations have lusted for the methane in the Marcellus since at least 1967 when one of them plotted with the Atomic Energy Agency to explode a nuclear bomb to unleash it. That idea died, but it’s been reborn in the form of a technology invented by Halliburton Corporation: high-volume horizontal hydraulic fracturing — “fracking” for short.

Jim Hightower: America’s Class Divide

What planet does presidential wannabe Rick Santorum live on? When it comes to grasping the situation of America’s hard-hit workaday majority, this sweater-vested ultra-right-winger is further out than Pluto.

In a recent debate, Santorum assailed a tax plan proposed by front-runner Mitt Romney. It wasn’t the plan’s details that caused Rick to stamp his tiny feet, but Romney’s expressed intent to help the “middle class.”

Tut-tut, chided the ideologically-pure Santorum, Republicans mustn’t use such language, for it creates an impression of class warfare. After all, he lectured: “There are no classes in America. We don’t put people in classes.”

Sure, Rick — today’s jobless economy, a national epidemic of union busting and wage knockdowns, absurd tax giveaways to the super-rich, the ongoing Wall Street bailout, inexcusable corporate subsides, rising poverty, the slashing of anti-poverty programs and a decade of falling incomes for the vast majority, while the elite 1 percent makes off with triple-digit increases in its wealth — there’s no class war happening. Just close your eyes, hum a happy tune … and live on Pluto.

E. J. Dionne, Jr.: What Newt Learned From Nixon

Conservatives may denounce class warfare, yet by shrewdly combining the politics of class with the politics of culture, Newt Gingrich won his first election in 14 years, humbled Mitt Romney and upended the Republican Party.

He also exposed profound frailties in Romney as a candidate, throwing him badly off-balance on questions related to his personal wealth, business career and income taxes. Unless Romney finds a comfortable and genuine way of talking about his money, he will present President Obama’s team a weakness that they’ll exploit mercilessly. The country is thinking more skeptically about wealth and privilege in the wake of the Occupy Wall Street protests. Romney has not adjusted.

Gingrich skillfully set up his opponent to step on the landmine of class by transforming Romney from his self-cast role as a successful businessman into a heartless financier more interested in profits than in job creation.

Foreclosure Fraud: While You Were Sleeping

Over the weekend while everyone was distracted by the South Carolina primary circus, the Super Bowl Championship playoffs and the Joe Paterno death watch, the Obama Justice Department is working to stab homeowners in the back and let the big banks off the hook for liability for the fraud they’ve committed and continue to commit.

Talks set out terms of US mortgage deal

By Shahien Nasiripour and Kara Scannell at Financial Times

Banks and government negotiators have cleared a big hurdle in efforts to resolve allegations of widespread mortgage-related misdeeds, agreeing on terms for a settlement that are being circulated to the 50 US states for approval, state officials and a bank representative say.

The proposed pact would potentially reduce mortgage balances and monthly payments by more than $25bn for distressed US homeowners, these five people said.

The tentative agreement still must be approved by all 50 state attorneys-general, and negotiators have previously missed proposed deadlines. Participants described the proposal terms as set, meaning the states will be asked either to agree to them or decline to participate.

The amount of potential aid is contingent on state participation and would decrease significantly if big states do not sign the agreement. New York and California are among several states that have voiced concerns about the terms of the proposed deal with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial. New York and California are particularly concerned with the part of the deal that would absolve the banks of civil liability for allegedly illegal mortgage-related conduct.

California borrowers would be eligible to receive more than $10bn in aid if the state were to agree to the terms, according to several people involved in the talks.

It’s pretty obvious that by offering California 40% of the settlement that the Obama administration is trying very hard to pull their AG, Kamala Harris, back into the agreement. So far the pressure from her constituents is winning out over bribes that in the end would short change California home owners. From Marcy Wheeler at emptywheel:

Remember the “Cornhusker Kickback”? That was the $45 million in expanded Medicaid funding Ben Nelson demanded from the Obama Administration before he’d support Health Insurance Reform. The special treatment for Nebraska gave the reform effort a tawdry feel.

And just as importantly, it did nothing to improve Nelson’s popularity in his own state. When he announced he would not run for reelection in December, reporters pointed to the Cornhusker Kickback as one issue that was making his reelection increasingly unlikely. [..]

Yet it seems like Obama’s trying something similar in his effort to get CA’s Kamala Harris to join in his foreclosure settlement, with $10 billion in aid slated for CA’s struggling homeowners.

It would seem that Obama is having a hard time getting the Democratic AG’s on board.

Foreclosure Fraud Settlement Terms Laid Out, But Holdout AGs Not Signed On

by David Dayen at FDL News Desk

When I started digging into whether this Monday meeting with HUD and DoJ officials to go over a proposal for a foreclosure fraud settlement was legitimate, I couldn’t find one state Attorney General who mattered actually committed to showing up. When I say AGs who “matter,” I mean the ones who have been critical of a settlement in the past. I mean the Justice Democrats. I mean Eric Schneiderman in New York, Beau Biden in Delaware, Martha Coakley in Massachusetts, Catherine Cortez Masto in Nevada, Kamala Harris in California, not to mention the AGs from Hawaii, New Hampshire, Missouri, Mississippi, Maryland, Kentucky, Minnesota, Oregon and Montana who showed up (either themselves or representatives) at the meeting in DC last week to discuss alternatives to a settlement. I mean them. They aren’t going to Chicago, by all accounts. [,,]

But again, I’ve seen no evidence that anyone outside of the small circle of the Administration and the AGs on the executive committee negotiating the deal actually agree to it. Call it the 12-state deal, rather than the 50-state one. This is only closer to getting done in the sense that the folks who have wanted to cave all along are ready to do so.

So what can we do as individuals to get our state Attorney Generals to support homeowners and reject this sell out to the big banks? Yves Smith at naked capitalism lays out three reasons they should oppose this settlement and says to call them:

Here are some of the reasons to oppose a settlement:

1. There have been virtually no investigations, and the Administration has engaged in cover-ups rather than trying to get to the bottom of the mortgage mess

2. The big argument made in favor of the deal, that it will help borrowers, is patently false. Remember, Countrywide entered into a deal with attorney generals just like this, where they agreed to do mods in return for a settlement on abuses. Guess what? They didn’t do the mods. To add insult to injury, they actually abused homeowners who should have gotten mods. Nevada AG is suing Countrywide now over its failure to comply with the terms of its settlement. And even if some mods miraculously did get done, the settlement is designed to have banks hit a dollar amount. That means they will focus on the biggest loans, which means any relief will go to a comparatively small number of people in (originally) big ticket houses.

3. The Administration has only one chance to get this right. Now you might argue that Team Obama has no intention of getting the mortgage mess right, but the tectonic plates suddenly seem to be moving in elite circles. The Fed realizes that housing is a BIG problem and has even started making noise about it. Yet Obama is moving forward with a plan cooked up in late 2010 that is completely out of whack with the urgency and severity of the problem. Note that this settlement will NOT stop private actions, such as borrowers fighting foreclosures. And we will continue to banks refuse to take losses and drag out foreclosures to maximize fees. That will lead to continued pressure on housing prices in many markets as buyers stay on the sidelines, fearful of buying before a large shadow inventory clears. [..]

PLEASE call them TODAY. Here is a list of phone numbers. If you can’t get through, send an e-mail.

Please also sign this petition from Campaign for America’s Future (it has some talking points if you need them for the AG calls). Note you can opt out of being put on their mailing list (I know that has been a sore point with some past petitions). I know it is futile to ping Obama, but they will collect the number of people who sign, and that will in turn bolster the dissident AGs.

Please call today. Unlike Congresscritters, who get a lot of constituent mail and phone calls, AGs get much less in the way of messages from state citizens, so your calls will make a difference.

Thanks for your help.

Freedom’s Just Another Word

Where have all our freedoms gone? Have they eroded before our eyes because we failed to use them by demanding that our elected representatives protect the Constitution? Did irrational fear of an unseen enemy with no country, armed with a fanatical hatred scare us into allowing those freedoms to be abrogated? Apparently our current government from the executive to the judicial seem to think that the Constitution is a nice idea but its time has passed. We’re at war with “terror” and “terror” will never surrender. Law Professor Jonathan Turley, in an op-ed written shortly after President Obama signed the National Defense Authorization Act into law, enumerated the ten reasons the US is no loner the land of the free:

1. Assassination of U.S. citizens

Last year, President Obama went further than George W. Bush would have dared with the ordered assassination of a US citizen, Anwar al-Awlaqi. Just as the Bush administration justified torture, Pres. Obama justified targeted assassination of an American citizen without due process in a secret memo from administration lawyers. The administration cavalierly calling it “due process in war.” Yet, the US is hypocritical enough to criticize other countries for doing the same.

2. Indefinite detention

Under the NDAA the president can indefinitely detain a citizen that is suspected of terrorism and allow the military to hold them. While President Obama issued a signing statement saying that he would never do that, signing statement have no force of law and are not binding, either for Obama or any future president. Presidents have been known to change their minds, Obama does so on a regular basis.  

3. Arbitrary justice

The president decides who will be tried in the Federal courts or by a military tribunal, a system, as Prof. Turley points out, “that has been ridiculed around the world for lacking basic due process protections.” Yet countries like China and Egypt have rejected tribunals as an alternative to civilian courts.

Those first three reasons totally disregard the Fifth, Sixth and Eighth Amendments

4. Warrantless searches

Under the Patriot Act of 2001, and reinforced by Pres. Obama in 2011, the government can force companies and businesses to turn over citizens records, everything from finances to library records without a warrant and bar the company from telling the targets.

Fourth Amendment? What Fourth Amendment?

5. Secret evidence

The government under the guise of national security says it doesn’t have to show evidence it deems secret for national security thus forcing the dismissal of lawsuits brought against it for illegal detention and torture. This is how the Obama Justice Department has protected the war criminals from the Bush administration not only from civil liability but criminal prosecution for crimes against humanity. As Prof Turley describes, “This allows the government to claim secret legal arguments to support secret proceedings using secret evidence.”

Star Chamber?

6. War Crimes

Since 2009, the President Obama has refused to allow the prosecution of anyone responsible for waterboarding and torture. This in complete disregard of treaty obligations and the Nuremberg principles of international law. The Obama administration went so far as to pressure countries such as Spain to drop criminal investigations of war crimes committed by the Bush administration. Yet the US continues to reserve the right to prosecute war criminals in other countries. ”

“Do as I say not as I do” is the attitude that has fed the hatred of terrorists, as well as, disdain from countries like China when we criticize their human rights violations.

7. Secret court

The Foreign Intelligence Surveillance Court is the United States’ “secret court”, the “star chamber“, that operates in total secrecy. Created in 1978, the eleven judges of the U.S. Foreign Intelligence Surveillance Court (FIS) consider and rule on applications by federal law enforcement and intelligence agencies to conduct electronic surveillance anywhere within the United States. When FISA came up for renewal under the Bush administration it expanded its secret warrants to include individuals deemed to be aiding or abetting hostile foreign governments or organizations. Then Sen. Barack Obama said that he would filibuster the renewal unless certain portions of the bill were fixed to ensure that it did not violate the Constitution. Needless to say, Sen Obama not only did not filibuster the FISA, he voted for it, promising to “fix it” if he was elected president. That was a lie. In 2011, not only did President Obama not fix it, he expanded it to in include secret searches of individuals who are not part of an identifiable terrorist group.

8.  Immunity from judicial review

The Obama administration has pushed for, and granted, immunity of telecommunications companies that assist in warantless surveillance. Citizens who have had their privacy violated by the government no longer have redress.

9. Continual monitoring of citizens

So far the Obama administration has successfully defended in the courts its view that it has the right to use GPS to monitor every move of targeted citizens without securing any court order or review. The case, Jones v. United States, could overturn Katz v. United States which is celebrated as saving privacy in the United States, articulated the principle that “the Fourth Amendment protects people, not places.” That 1967 decision reversed a long erosion of privacy protection and required greater use of warrants by the government.

10. Extraordinary renditions

While the Obama administration has insisted that it no longer transfers persons into the custody of other countries where they could be held and tortured, it is still claiming the right to to order such transfers, including the possible transfer of U.S. citizens.

Prof. Turley goes in to quote those who are justifying these abuses as saying it’s all due to the times we in which we live. But as he so importantly notes in conclusion:

An authoritarian nation is defined not just by the use of authoritarian powers, but by the ability to use them. If a president can take away your freedom or your life on his own authority, all rights become little more than a discretionary grant subject to executive will.

The framers lived under autocratic rule and understood this danger better than we do. James Madison famously warned that we needed a system that did not depend on the good intentions or motivations of our rulers: “If men were angels, no government would be necessary.”

Benjamin Franklin was more direct. In 1787, a Mrs. Powel confronted Franklin after the signing of the Constitution and asked, “Well, Doctor, what have we got – a republic or a monarchy?” His response was a bit chilling: “A republic, Madam, if you can keep it.”

Since 9/11, we have created the very government the framers feared: a government with sweeping and largely unchecked powers resting on the hope that they will be used wisely. [..]

Dishonesty from politicians is nothing new for Americans. The real question is whether we are lying to ourselves when we call this country the land of the free.

What was that “change” that was promised three years ago?

Punting the Pundits: Sunday Preview Edition

Punting the Punditsis 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:

Up with Chris Hayes: Sundays guests are Eliot Spitzer, former Governor and Attorney General of New York, David Stockman, President Reagan’s former director of the Office of Management and Budget, Melissa Harris-Perry, MSNBC contributor, Dave Weigel MSNBC contributor on the ground in South Carolina and Catherine Rampell economics writer for The New York Times. Topics up for discussion are the South Carolina primary results, Stephen Colbert’s super PAC, and preview President Obama’s State of the Union address.

This Week with George Stephanopolis: George’s special guest will be GOP candidate and former Senator Rick Santorum (R-PA) who no doubt will be discussing his 3rd place loss in South Carolina primary and his win in the Iowa causes. Panel guests are ABC’s George Will, political strategist and ABC News analyst Matthew Dowd, National Journal’s Ron Brownstein, and The Nation‘s Katrina vanden Heuvel debate the quickly-changing primary landscape, and the upcoming Sate of the Union Address.

Face the Nation with Bob Schieffer: This Sunday’s guests Sen. Lindsey Graham (R-SC) and former Gov. Haley Barbour (R-MS) will discuss the aftermath of the South Carolina primary. also a panel discussion with John Dickerson, TIME Magazine Columnist Joe Klein, and Wall Street Journal Columnist Kelly Evans.

The Chris Matthews Show: The panel guests are Andrea Mitchell, NBC News Chief Foreign Affairs Correspondent, Neil Swidey, The Boston Globe,

Major Garrett, National Journal Congressional Correspondent and Kathleen Parker, The Washington Post Columnist who will discuss GOP candidate Mitt Romney and the Obama attack ads.

Meet the Press with David Gregory: David’s guests are Mitt Romney supporter New Jersey Gov. Chris Christy (R), GOP candidate and winner of the South Carolina primary Newt Gingrich, Philadelphia Mayor Michael Nutter and DC Mayor Vincent Gray. Guests on the panel will be Host of MSNBC’s “Morning Joe,” Joe Scarborough, Republican strategist Mike Murphy, the BBC’s Katty Kay, and NBC News Political Director Chuck Todd.

State of the Union with Candy Crowley: Making appearances are Presidential hopefuls Rick Santorum and Newt Gingrich, Sen. Jim DeMint (R-SC) and House Assistant Democratic Leader James Clyburn (D-SC)

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