Tag: ek Politics

Part 1

Part 2

We’ve come to a point where every four years this national fever rises up & this hunger for the Saviour, the White Knight, the Man on Horseback & and whoever wins becomes so immensely powerful, like Nixon is now, that when you vote for President today you’re talking about giving a man dictatorial power for four years. I think it might be better to have the President sort of like the King of England & or the Queen & and have the real business of the presidency conducted by… a City Manager-type, a Prime Minister, somebody who’s directly answerable to Congress, rather than a person who moves all his friends into the White House and does whatever he wants for four years. The whole framework of the presidency is getting out of hand. It’s come to the point where you almost can’t run unless you can cause people to salivate and whip each other with big sticks. You almost have to be a rock star to get the kind of fever you need to survive in American politics.

A person who built that (:30)

A person who built that (Full)

Part 1

Part 2- Ann

There are times, however, and this is one of them, when even being right feels wrong. What do you say, for instance, about a generation that has been taught that rain is poison and sex is death? If making love might be fatal and if a cool spring breeze on any summer afternoon can turn a crystal blue lake into a puddle of black poison right in front of your eyes, there is not much left except TV and relentless masturbation. It’s a strange world. Some people get rich and others eat shit and die.

This weekend I’m going to be featuring some of the analysis and interviews from The Daily Show and The Colbert Report related to the Republican National Convention.

You may think it’s odd that an old greezer like me (and at 120, I’m much older than Clint Eastwood) gets his news online from a basic cable comedy show.  Well let me tell you Emily and Richard are so old that they got their news from the Post Office Gazette.

In colonial times overland communications was just beginning to get established and even before Ben Franklin an enterprising man named John Campbell had set up a delivery service from Boston to New York.  Local Postmasters, who were frequently Innkeepers too, would scan the letters before passing them on and print up the juicy bits which they would sell as newspapers.

The sudden popularity of sealing wax led to more formal arrangements for obtaining content, but the tradition was well established.  Indeed one of the onerous (and intended) effects of the Stamp Act was to penalize the publication of information and restrict communication as well as raise revenue.  Fortunately the alternative press had not been forgotten and soon ‘British’ Postmasters were under a serious commercial threat.

Oh and sometimes the boys at the bar would get all liquored up on Sam Adams and bust the place up a bit just for fun.  Our founders were Revolutionaries, dont forget that.

So yeah, I consider it as newsy as anything else on basic cable.

The TV business is uglier than most things. It is normally perceived as some kind of cruel and shallow money trench through the heart of the journalism industry, a long plastic hallway where thieves and pimps run free and good men die like dogs, for no good reason.

Journalism is not a profession or a trade. It is a cheap catch-all for fuckoffs and misfits — a false doorway to the backside of life, a filthy piss-ridden little hole nailed off by the building inspector, but just deep enough for a wino to curl up from the sidewalk and masturbate like a chimp in a zoo-cage.

There are 3 basic divisions in content- Interviews, Commentary, and Correspondant Reports.  I’m going to try and highlight some of the web-exclusive material, but I’ll not attempt to be comprehensive.  Visit their sites for complete episodes.

Tampa- The Greatest City In America

Who knows? If there is in fact, a heaven and a hell, all we know for sure is that hell will be a viciously overcrowded version of Phoenix & a clean well lighted place full of sunshine and bromides and fast cars where almost everybody seems vaguely happy, except those who know in their hearts what is missing… And being driven slowly and quietly into the kind of terminal craziness that comes with finally understanding that the one thing you want is not there. Missing. Back-ordered. No tengo. Vaya con dios. Grow up! Small is better. Take what you can get…

I have always believed that a man can fairly be judged by the standards and taste of his choices in matters of high-level plagiarism.- Stockton

In 10 pretty painless minutes.

C’mon, Victoria Jackson, Dennis Miller…

The Real Romney

By DAVID BROOKS, The New York Times

Published: August 27, 2012

The Romneys had a special family tradition. The most cherished member got to spend road trips on the roof of the car. Mitt spent many happy hours up there, applying face lotion to combat windburn.

The teenage years were more turbulent. He was sent to a private school, where he was saddened to find there are people in America who summer where they winter. He developed a lifelong concern for the second homeless, and organized bake sales with proceeds going to the moderately rich.

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Some have said that Romney’s lifestyle is overly privileged, pointing to the fact that he has an elevator for his cars in the garage of his San Diego home. This is not entirely fair. Romney owns many homes without garage elevators and the cars have to take the stairs.

Dear Paul

Why I’m breaking up with Paul Ryan.

By William Saletan, Slate

Wednesday, Aug. 29, 2012, at 8:56 AM ET

My friends said I was crazy. They said you weren’t who I thought you were. Paul Krugman said you were a fake fiscal conservative. Scott Lemieux called you a standard-issue right-winger. Jim Surowiecki compared you to Barry Goldwater. I didn’t believe the naysayers. Sometimes they said you were too extreme. Sometimes they said you were a squishy hypocrite for supporting TARP and the auto bailout. It seemed like they just wanted to make you look bad one way or the other. I thought they were just playing politics.

I knew you weren’t perfect. I didn’t like your vote against the Simpson-Bowles debt reduction plan. I worried that your weakness for tax cuts would squander the savings from your budget cuts. But I should have studied your record more carefully. I didn’t understand how pivotal you were in sinking the budget deal between President Obama and Speaker Boehner. I paid too much attention to what you said about cutting the defense budget and not enough attention to what you did. You accused the military of requesting too little money-a concern that makes no sense to anyone familiar with the acquisitive habits of government agencies. You also objected to setting financial savings targets and forcing the Pentagon to meet them, even though that’s how you proposed to control domestic spending.

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I hate to admit it, but Krugman nailed me on this one. I was looking for Mr. Right-a fact-based, sensible fiscal conservative-and I tried to shoehorn you into that role.

That’s where you let me down, Paul. Since Mitt Romney tapped you as his running mate, you haven’t stood for fiscal restraint. You’ve attacked it. You warned voters in North Carolina and Virginia that cuts in the defense budget would take away their tax-supported jobs. And I cringe when I recall what I said about you and Medicare. “Ryan destroys Romney’s ability to continue making the dishonest, anti-conservative argument that Obamacare is evil because it cuts Medicare,” I wrote. “Now Romney will have to defend the honest conservative argument, which is that Medicare spending should be controlled.”

I couldn’t have been more wrong. Four days after Romney put you on the ticket, you began parroting his Medicare shtick. You protested that Obama’s $700 billion savings in the future growth of Medicare payments to providers-a spending reduction that any sensible conservative president would have sought, and that you had previously included in your budget plan-would “lead to fewer services for seniors.” You depicted a horror scenario: “a $3,600 cut in benefits for current seniors. Nearly one out of six hospitals and nursing homes are going to go out of business.” You assured seniors that the Romney-Ryan agenda for Medicare “does not affect your benefits.” And you promised future retirees “guaranteed affordability” of health care.

In short, you adopted every tactic in the liberal playbook. You framed a reduced rate of growth as a draconian cut. You inflated the likely impact of the reduction. You denounced any loss of services as unacceptable. You promised not to touch seniors’ benefits. And you reaffirmed a fiscally unsustainable guarantee. By my count, you’ve now done this in at least six speeches and rallies. Every day, you’re reinforcing the culture of entitlement and making it harder to rein in retirement programs.

Oh, Paul. And I thought you were so rugged.

Ok, you’re right.  There is no such thing as conservative humor.  The funny (in the sense of disconcerting or odd) part is that there is already a “Mr. Right-a fact-based, sensible fiscal conservative” who supports all that gutting of our social insurance contract.

He calls himself a "Democrat" and his name is Barack Obama.

U.S. Army battling racists within its own ranks

By Daniel Trotta, Reuters

Tue Aug 21, 2012 1:00am EDT

White supremacists, neo-Nazis and skinhead groups encourage followers to enlist in the Army and Marine Corps to acquire the skills to overthrow what some call the ZOG – the Zionist Occupation Government. Get in, get trained and get out to brace for the coming race war.

If this scenario seems like fantasy or bluster, civil rights organizations take it as deadly serious, especially given recent events. Former U.S. Army soldier Wade Page opened fire with a 9mm handgun at a Sikh temple in Wisconsin on Aug. 5, murdering six people and critically wounding three before killing himself during a shootout with police.

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“We don’t really think this is a huge problem, at Bragg, and across the Army,” said Colonel Kevin Arata, a spokesman for Fort Bragg.

“In my 26 years in the Army, I’ve never seen it,” the former company commander said.

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That failed to stop former Marine T.J. Leyden, with two-inch SS bolts tattooed above his collar, from serving from 1988 to 1991 while openly supporting neo-Nazi causes. A member of the Hammerskin Nation, a skinhead group, he said he hung a swastika from his locker, taking it down only when his commander politely asked him to ahead of inspections by the commanding general.

“I went into the Marine Corps for one specific reason: I would learn how shoot,” Leyden told Reuters. “I also learned how to use C-4 (explosives), blow things up. I took all my military skills and said I could use these to train other people,” said Leyden, 46, who has since renounced the white power movement and is a consultant for the anti-Nazi Simon Wiesenthal Center.

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“We’re very strict on the tattoo policy here within this recruiting station,” said Sergeant Aaron Iskenderian, head of the Army recruiting office in Fayetteville, the Army town next to Fort Bragg.

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Iskenderian cited the example of a young man who came in recently with a tattoo of the Confederate flag.

“We’re in the South here. It’s considered Southern heritage. It’s on the General Lee,” Iskenderian said, referring to the car from the television show “The Dukes of Hazzard.”

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Academics who study white supremacists say proponents of the “infiltration strategy” of joining the U.S. military have adapted, telling skinheads to deceive military recruiters by letting their hair grow, avoiding or covering tattoos, and suppressing their racist views.

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“They are some of the most disciplined soldiers we have. They really want to learn to shoot those weapons,” Smith (former military investigator, now a professor of criminal justice at Austin Peay State University) said. “The problem wasn’t just that we were opening the floodgates to let them in. We let them out after prosecution or when their time was up and we didn’t let the police know.”

4 soldiers linked to terror plot; alleged leader tied to Washington

Mike Carter and Miyoko Wolf, Seattle Times

Monday, August 27, 2012 at 6:17 PM

Aguigui was home-schooled in Cashmere, Chelan County, joining the Army after graduation. He married fellow soldier Dierdre Wetzker at Fort Stewart, according to news reports and interviews with family.

Wetzker, 24, died last year at Fort Stewart while pregnant with the couple’s son. According to Orlin Wetzker, her uncle in Ogden, Utah, the family was told by law-enforcement officials that she may have been poisoned. A call to Aguigui’s parents’ home in Cashmere was not returned.

The prosecutors in the Georgia homicide case have called Wetzker’s death “highly suspicious,” but no charges have been filed.

According to court testimony, the group used some of the nearly $500,000 in insurance and death benefits to buy more than $87,000 worth of military-grade firearms and land in Washington state.

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In a videotaped interview with military investigators, Pauley said, Aguigui called himself “the nicest coldblooded murderer you will ever meet.” He used the Army to recruit militia members, who wore distinctive tattoos that resemble an anarchy symbol, she said. Prosecutors say they have no idea how many members belong to the group.

“All members of the group were on active duty or were former members of the military,” Pauley said. “He targeted soldiers who were in trouble or disillusioned.”

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In Washington state, she added, the group plotted to bomb a dam and poison the state’s apple crop. Ultimately, prosecutors said, the militia’s goal was to overthrow the government and assassinate the president.

Fort Stewart spokesman Kevin Larson said the Army has dropped its own charges against the four soldiers in the slayings of Roark and York. The Military authorities filed their charges in March, but never acted on them. Fort Stewart officials Monday refused to identify the units the accused soldiers served in and their jobs within those units.

But, but, but…

Anarchy!

Anarchist Leader In Assassination Plot Was Apparently A Page At The 2008 GOP Convention

Geoffrey Ingersoll, Business Insider

Aug. 28, 2012, 8:57 AM

Shortly after the media frenzy over these "anarchist" militant revolutionaries and their alleged aspirations to overthrow the government (with $87,000 of weapons and multiple members with loose lips), Gawker revealed that their leader, Isaac Aguigui was apparently a page at the Republican National Convention in 2008.

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The caption of the photograph says “Republican National Convention page Isaac Aguigui watches from the edge of the floor at the start of the first session of the 2008 Republican National Convention in St. Paul, Minnesota September 1, 2008.”

Move along, nothing to see.

U.S. Arms Sales Make Up Most of Global Market

By THOM SHANKER, The New York Times

Published: August 26, 2012

Overseas weapons sales by the United States totaled $66.3 billion last year, or more than three-quarters of the global arms market, valued at $85.3 billion in 2011.

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(A)greements with Saudi Arabia included the purchase of 84 advanced F-15 fighters, a variety of ammunition, missiles and logistics support, and upgrades of 70 of the F-15 fighters in the current fleet.

Sales to Saudi Arabia last year also included dozens of Apache and Black Hawk helicopters, all contributing to a total Saudi weapons deal from the United States of $33.4 billion, according to the study.

The United Arab Emirates purchased a Terminal High Altitude Area Defense, an advanced antimissile shield that includes radars and is valued at $3.49 billion, as well as 16 Chinook helicopters for $939 million.

Oman bought 18 F-16 fighters for $1.4 billion.

(h/t Naked Capitalism)

Just in case you’ve never had that talk with your parents or spiritual adviser.

Obama on Romney’s ‘extreme’ views

By BEN FELLER, Associated Press

20 hrs ago

Obama also offered a glimpse of how he would govern in a second term of divided government, insisting rosily that the forces of the election would help break Washington’s stalemate. He said he would be willing to make a range of compromises with Republicans, confident there are some who would rather make deals than remain part of “one of the least productive Congresses in American history.”

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Obama expressed confidence that even voters whose lives have not improved during his term will stick with him as they assess the two candidates.

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Obama’s view of a different second-term dynamic in Washington, even if both he and House Republicans retain power, seems a stretch given the stalemated politics of a divided government. He said two changes – the facts that “the American people will have voted,” and that Republicans will no longer need to be focused on beating him – could lead to better conditions for deal-making.

If Republicans are willing, Obama said, “I’m prepared to make a whole range of compromises” that could even rankle his own party. But he did not get specific.

The Age of Niallism: Ferguson and the Post-Fact World

By Matthew O’Brien, The Atlantic

Aug 24 2012, 10:32 AM ET

I don’t want to go too far down this Ferguson rabbit hole — we get it, he lied — but I do want to answer his response to my fact-check. Ferguson’s reading of my criticism was as lacking as his fidelity to facts. I tried to make clear that I was cataloging two categories of errors in his piece. There were untruths misleadingly framed as truths and truths misleadingly framed so as to be untruths. Or, as I put it, “a fantasy world of incorrect and tendentious facts.”

Let’s take a quick detour into the meta. Ferguson objects that I don’t identify “a single error” and that I’m just offering my own opinions. The former is not true — his description of Obamacare and its budgetary impact are demonstrably false — but the latter is a legitimate point of debate. Ferguson prefers a very narrow definition of fact-checking; I do not think that is sufficient. Facts twisted out of context can be just as deceptive as outright falsehoods — sometimes even more so, because you can cloak them in claims of truthfulness.

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Ferguson gets some facts wrong. Ferguson gets some facts right, but frames them incompletely. Why the outrage? Because he’s treating facts as low-grade and cheap materials that are meant to be bent, spliced and morphed for the purpose of building a sensational polemic. Even more outrageous is that his bosses didn’t mind enough to force him to make an honest argument, or even profess embarrassment when its dishonesty came to light.

Ezra Klein Deems Joe Stiglitz, Paul Krugman, and Elizabeth Warren (Plus Other Serious People) Not Credible

Yves Smith, Naked Capitalism

Wednesday, August 22, 2012

Ezra Klein demonstrated how far he’s has to descend into the Humpty Dumpty world of words meaning just what he chooses them to mean in order to defend failed Administration policies.

Washington DC’s Baghdad Bob waded into the fray over a an unconvincing apology in the New York Times for Obama’s bank-friendly response to the mortgage crisis. … While it’s now acceptable for the messaging apparatus to describe the policies as inadequate, the party line is lame: there was no support for bold measures and those big bad servicers were an insurmountable obstacle.

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Huh? Sorry, plenty of people vastly more credible than Klein had concrete recommendations at the time that would have been considerably better than Obama-Geithner program of coddling the banks.

For instance, Princeton economist Alan Blinder recommended a Home Owners Loan Corporation style mass refinance. She Who Must Not Be Named came out for it in her campaign. Joe Stiglitz, Paul Krugman, Nouriel Roubini, Mark Zandi, Jeff Merkley, Brad Miller, Ellen Seidman and others backed it. Krugman and Neil Barofsky have also argued the Administration could at a minimum have used $50 billion in unused TARP funds for mortgage mods. Adam Levitin (arguably the top US expert on mortgage securitizations) recently proposed(.pdf) a “bad bank” as a way to implement pooling and standardized restructuring of underwater mortgages. Top mortgage analyst Laurie Goodman has also long advocated principal modification, and she has established that they have much lower redefaults than other types of mortgage modifications.

Or how about using bankruptcy to write down mortgages to the current value of the house, something now done in bankruptcy for every type of collateralized loan except primary residences? Advocates of that approach included the Congressional Oversight Panel under Elizabeth Warren’s chairmanship, and more recently, the IMF. A bill passed in the House but was nixed in the Senate.

How about principal writedowns with shared appreciation mortgages, advocated by Andrew Caplan and Luigi Zingales? Even Greg Mankiw pointed to an approach suggested by John Geanakoplos and Susan Koniak a way to work around those pesky servicers. Dean Baker has pushed for an own to rent program.

This is far from a complete list. There were plenty of credible people who had concrete, specific proposals which would have done better than what the Administration implemented. When the benchmark is HAMP, which managed to make hundreds of thousands of borrowers worse off, or a mortgage settlement that institutionalizes servicer fraud and has already harmed mortgage investors helping pay for the settlement, it’s a low bar to beat.

So if you were honest about this issue, no matter where you draw the line, there were “credible” people who had proposals that were obviously better. And the evidence in part comes in the New York Times article that Klein mentions. It concedes that bankruptcy cramdowns might indeed have been a better idea than the Administration’s limp-wristed response. And don’t tell me Obama couldn’t have gotten this through. He was willing to whip personally to get Bernanke’s contested reappointment approved; he didn’t apply anywhere near that level of effort to this initiative.

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(T)he mortgage/housing issue is charged because, as Barofsky stressed, the Administration deliberately chose to use homeowners to foam the runway for banks.

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That of course means that it is a priority for Obama to obscure the fact that he chose the banks over ordinary citizens on housing, the single biggest source of wealth for most families.

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So to defend this Administration’s sorry record, loyalists like Klein have gone from practicing sophistry to agnotology. In a perverse way, that’s encouraging, because it’s a sign that it’s becoming more difficult for the pundit class to deny the facts on the ground.

GOP Intellectual Decline, Monetary Edition

Paul Krugman, The New York Times

August 24, 2012, 3:42 pm

(T)he GOP platform will reportedly include a call for steps toward a return to the gold standard.

The really strange thing about all this is that this turn toward hard-money mysticism is taking place even as events have demonstrated that the advantages of not being on a gold standard, of having a fiat currency that can be printed freely in emergencies, are even greater than standard analysis had supposed.

Mark Thoma links to an old piece of mine that I think does a pretty good job of laying out that standard case; but we now know that there’s a major additional concern, the ability of the central bank to act as lender of last resort to the government as well as private banks. Consider, as Paul De Grauwe has in one of the most important analyses (pdf) to come out of the crisis, the contrast between Spain and the UK.

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(B)orrowing costs have soared in Spain, while falling in Britain.

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So the GOP has decided that we must reject the evils of fiat money and go for the gold standard at precisely the moment when events have demonstrated that fiat money is a really useful thing and the loss of flexibility that comes from ending fiat currencies can be utterly disastrous. What’s going on?

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In this sense fiat money is like, oh, Social Security. The problem it creates for conservatives is not that it doesn’t work, but that it does – which is a challenge to their philosophy. And so it must die.

What these pieces all have in common is the demonstrated failure of trickle down supply side Chicago School Voodoo Economics.