Tag: Opinion

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

"More Paint, Sir" Banksy photo c23cf506_o_zps8c8f3ab0.pngChris Hedges: Let’s Get This Class War Started

“The rich are different from us,” F. Scott Fitzgerald is said to have remarked to Ernest Hemingway, to which Hemingway allegedly replied, “Yes, they have more money.”

The exchange, although it never actually took place, sums up a wisdom Fitzgerald had that eluded Hemingway. The rich are different. The cocoon of wealth and privilege permits the rich to turn those around them into compliant workers, hangers-on, servants, flatterers and sycophants. Wealth breeds, as Fitzgerald illustrated in “The Great Gatsby” and his short story “The Rich Boy,” a class of people for whom human beings are disposable commodities. Colleagues, associates, employees, kitchen staff, servants, gardeners, tutors, personal trainers, even friends and family, bend to the whims of the wealthy or disappear. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable. [..]

“There are only two or three human stories,” Willa Cather wrote, “and they go on repeating themselves as fiercely as if they had never happened before.”

The seesaw of history has thrust the oligarchs once again into the sky. We sit humiliated and broken on the ground. It is an old battle. It has been fought over and over in human history. We never seem to learn. It is time to grab our pitchforks.

Graphic by Banksey

Richard (RJ) Eskow: The Road from Here: What About Medicare and Social Security?

As the Bob Dylan song says: “Things should start to get interesting right about now.” You may think they’re already interesting – what with government closings, threats of a debt default, and extremist rhetoric under the Capitol Dome – but chances are we ain’t seen nothin’ yet.

In twelve weeks or so our new system of government-by-crisis will resume its regularly scheduled programming: more threats, more confrontations, and even more extreme rhetoric.

There are only a few ways this could play out, and most of them involve cuts to Medicare and Social Security. The ones which don’t probably involve either A) catastrophic gridlock or B) a mobilized citizenry.

Your personal level of optimism probably correlates closely to whether you think A or B is more likely.

Walter Pincus: Fineprint: A new approach for Israel?

It’s time for Israel to stop making military threats and to propose an imaginative diplomatic move – risky as it may seem – to help ease nuclear tensions in the Middle East.

It can start by acknowledging its own nuclear weapons program.

It has accused Iran of seeking the capability to produce nuclear weapons, when for years Israel has been believed to possess hundreds of nuclear bombs and missiles, along with multiple delivery systems. It continues to insist it doesn’t have them.

Israeli Prime Minister Benjamin Netanyahu and other Israeli leaders continue to accuse Tehran of deceit in describing its nuclear program as peaceful.

Perhaps Netanyahu sees Iran following the path Israel took 50 years ago when it’s known that his country joined the relatively small nuclear weapons club.

Dylan Ratigan: Forming the Renaissance Preparation Committee

As we suffer in a paradigm where those who nominate dictate, our election finance system (juiced by less than one half of one percent of all Americans dispersing funds from a flawed banking system based on a monkey-wrenched housing and tax code) sprouts rotten fruit such as closed primaries and defective districting that perpetuate what I have longed defined by three nasty syllables — extraction.

With all due respect to the reform-minded types, we need to come to grips with the fact that we are not fixing an old engine. We are preparing for a renaissance, and our metaphors should reflect this reality in order to guide our actions.

How do we look past the debate on debt and taxes to focus on distributed electoral finance, open primaries and banking and tax reform?

Or, to crib a little Thoreau, how do we hack at the roots instead of the branches of our illness?

Bill Moyers and Michael Winship: Yes, Virginia, There Is a Santa Claus — Campaign Cash

If you want to see how grossly money can distort democracy, just go to the state of Virginia, where there are no limits on how big a check can be written for statewide office. Groups and individuals from outside the Old Dominion are taking full advantage, pouring millions into a governor’s race they see as a dry run for the tactics they’ll use in the 2014 midterms and the 2016 presidential race — sort of the way the Spanish civil war turned out to be a testing ground for many of the deadly weapons of World War II.

Billionaires like environmentalist Tom Steyer on the left and the Koch Brothers on the right are placing their bets, but as they say at the track, the horses they’re backing are just a couple of hay burners. Once the home of Washington and Jefferson, James Madison and Patrick Henry, Virginia now has a choice between two mediocrities slavishly devoted to their wealthy contributors.

William Astore: ‘Shock Doctrine’ Americana: Endless War as the Ultimate Business Model

Disaster Capitalism on the battlefield and in the boardroom

There is a new normal in America: our government may shut down, but our wars continue.  Congress may not be able to pass a budget, but the U.S. military can still launch commando raids in Libya and Somalia, the Afghan War can still be prosecuted, Italy can be garrisoned by American troops (putting the “empire” back in Rome), Africa can be used as an imperial playground (as in the late nineteenth century “scramble for Africa,” but with the U.S. and China doing the scrambling this time around), and the military-industrial complex can still dominate the world’s arms trade.

In the halls of Congress and the Pentagon, it’s business as usual, if your definition of “business” is the power and profits you get from constantly preparing for and prosecuting wars around the world.  “War is a racket,” General Smedley Butler famously declared in 1935, and even now it’s hard to disagree with a man who had two Congressional Medals of Honor to his credit and was intimately familiar with American imperialism.

 

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: Lousy Medicaid Arguments

[..]Last year’s Supreme Court decision upholding the Affordable Care Act did strike down one provision, the one that would have forced all states to accept an expansion of Medicaid, the already-existing program of health insurance for the poor. States are now free to reject that expansion. Yet how can states justify turning down a federal offer to insure thousands of their citizens, one that would cost them nothing in the first year and only trivial amounts later? Sheer spite – the desire to sabotage anything with President Obama’s name on it – is the real reason, but doesn’t sound too good. So they need intellectual cover.

Enter the same experts, more or less, who warned about rate shock, to declare that Medicaid actually hurts its recipients. Their evidence? Medicaid patients tend to be sicker than the uninsured, and slower to recover from surgery.  [..]

And the reliance on such arguments is itself deeply revealing, because it illustrates the right’s intellectual decline. I mean, this is the best argument their so-called experts can come up with for their policy priorities?

Meanwhile, many states are still planning to reject the Medicaid expansion, denying essential health care to millions of needy Americans. And they have no good excuse for this act of cruelty.

Robert Kuttner: Billionaires Against Social Security

America’s very rich keep trying to start a movement among college students to blame senior citizens for the sorry state of the economy that kids will inherit. Specifically, the billionaires keep trying to scapegoat Social Security.

This is part of the public relations effort to create a “grand bargain” to cut America’s (fast-declining) budget deficit. The Peter G. Peterson Foundation has spent about a billion dollars of Peterson’s own money to create faux movements to get students to take up this unlikely cause.

The latest of the billionaires to try this gambit is Stanley Druckenmiller, net worth estimated at $2.9 billion, former head of the hedge fund Duquesne Capital. Druckenmiller’s personal campus crusade has been the subject of two fawning profiles, one by Tom Friedman in Wednesday’s Times, the other by James Freeman in Saturday’s Wall Street Journal.

Druckenmiller’s campus crusade is based on such preposterous economics that I hereby challenge him to a college debate or series of debates.

Dean Baker: Post Granny Bashers Are Whining for J.P. Morgan

You’ve got to love those Washington Post folks. They continuously use both their news and editorial sections to push for cuts to Social Security, Medicare, and disability insurance, running roughshod over journalistic standards and data. But when it comes to the Wall Street boys, they just can’t help but to tear at our heart strings.

Last week the Post ran an editorial bemoaning the “political persecution” of J.P. Morgan. It complained that the government was pursuing a civil case against J.P. Morgan for misrepresenting mortgage backed securities it sold to investors during the housing bubble years:

Yet roughly 70 percent of the securities at issue were concocted not by JPMorgan but by two institutions, Bear Stearns and Washington Mutual, that it acquired in 2008.

There are two points worth making on this. First, if 70 percent of the securities came from Bear Stearns and Washington Mutual, then 30 percent came from J.P. Morgan. This means that it could have been involved in misrepresenting tens of billions of dollars in mortgage backed securities sold to investors. We have young men sitting in jail for stealing cars worth a few thousand dollars, but the Post thinks that Wall Street bankers should get a pass on fraudulently passing off tens of billions in bad mortgage backed securities.

Jared Bernstein: What’s Wrong With America?

Reflecting on the recent shutdown/debt ceiling debacle, the resolution of which is only a few months’ respite until the same self-imposed deadlines reappear, you’ve got to wonder: what’s wrong with America? [..]

Imagine a platform based not on deficit reduction but on the realization that lots more people need jobs that pay living wages, which means higher minimum wages, work supports, manufacturing/trade policy, full employment fiscal and monetary policy, direct job creation, and work sharing. BTW, that’s not an expensive agenda (the only new cost would be direct job creation, and I’ve got a pretty cheap model in mind; good fiscal policy is a cyclical cost — not saying it pays for itself, but in terms of lost output, it’s expensive not to do it).

OK, enough blue-skying on a beautiful blue-sky, autumn day. All I’m saying is: I can easily see why the world is deeply nervous about where America is and where we’re headed. But I’m not convinced our electorate is so polarized that we can’t change course. We’ve just got to give people a better choice.

E. J. Dionne, Jr.: Hope that governance will return to Washington

“Blessed are they who expect nothing, for they shall not be disappointed.”

It was the early 20th-century socialist Eugene V. Debs who pointed to the utility of this extra Beatitude. You don’t have to be a lefty to appreciate its relevance to our politics after the shutdown disaster.

Cynicism about the political future is a default position with a great deal of evidence behind it. We seem incapable of reaching compromises or even finding ways to differ productively. Even elections don’t seem to settle things.

Against this grain, I suggest that we allow ourselves a margin of hope in the wake of the decisive defeat of the extremists who closed down the government to accomplish absolutely nothing. It is a hope tempered by humility. Giant leaps ahead aren’t in the cards. But some important things changed for the better because of this battle.

Joe Conason: Peterson Study: Tea Party Extremism Cost Millions of Jobs, Risks Millions More

If Americans learn anything from this month’s shutdown-and-debt-ceiling debacle, they ought to realize that political extremism brings real costs-denominated in dollars and jobs, as well as national cohesion and prestige-and that those costs are not small. As long as the tea party faction continues to wield its malign influence over the Republican leadership in Congress, the threat of further and even worse damage will not subside. [..]

Only a dwindling fraction of voters is still mesmerized by such demagogic nonsense, but their anger intimidates enough Republicans to ensure that Cruz and company can seek to sabotage the economy again-and they will. So it is vital for everyone to understand what these vandals have inflicted on us already.

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”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

Up with Steve Kornacki: Steve’s guests this Sunday are msnbc.com’s Dafna Lizner; April Ryan with American Urban Radio Networks; BuzzFeed.com‘s Evan McMorris-Santoro ; Victoria DeFrancesco Soto, fellow at the Center for Politics at the LBJ School of Public Policy at the University of Texas ; NPR’s sports reporter Mike Pesca; historian Sean Wilentz; and msnbc’s Krystal Ball.

This Week with George Stephanopolis: Guests on “This Week” are House Democratic Leader Nancy Pelosi; Texas Sen. Ted Cruz; and former Florida Gov. Jeb Bush.

The roundtable tackles all the week’s politics, including what comes next in the debate over the budget, with Rep. Donna Edwards (D-MD); Rep. Adam Kinzinger (R-IL); ABC news political analyst Matthew Dowd; and New York Times White House correspondent Peter Baker.

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are Sen. Mark Warner (D-VA); Se. Lindsey Graham (R-SC); and the top economist for Moody’s Analytics, Mark Zandi.

His panel guests are Michael Gerson of the Washington Post; Stuart Rothenberg, editor and publisher of the Rothenberg Political Report; and Gerald Seib of the Wall Street Journal.

Meet the Press with David Gregory: The guests on this Sunday’s MTP are Treasury Secretary Jack Lew; Israeli Prime Minister Benjamin Netanyahu; Sen. Chuck Schumer (D-NY); Tom Coburn (R-OK); and Nobel Prize winning economist Robert Shiller.

The roundtable guests are New York Times Columnist David Brooks; Washington Post Columnist E.J. Dionne; host of CNBC’s “Closing Bell,” Maria Bartiromo; and NBC News Chief Foreign Affairs Correspondent Andrea Mitchell.

State of the Union with Candy Crowley: Ms. Crowley’s guests are Sen. John McCain (R-AZ) and Sen. Ted Cruz (R-TX).

Her panel guests are CNN Political Commentators, Democratic strategist Donna Brazile; Republican strategist Alex Castellanos and The New Yorker‘s Washington correspondent Ryan Lizza.

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial: Continuing Salmonella Outbreaks

Months after salmonella-contaminated chicken distributed by a California company sickened people, the dangerous food is still being sold around the country. This disturbing situation is the result of weak federal regulatory powers and the company’s irresponsibility. [..]

Aaron Lavallee, a spokesman for F.S.I.S., said that under statutes and case law, the agency cannot compel a recall in the Foster Farms case with the current evidence. Congress should hold hearings to determine if the Agriculture Department and its food safety service need more power to protect the public from potentially serious harm.

Charles Pierce: The Reign Of Morons: The Presidenting

Was it just me, or was that as pissed-off as we’re likely to see the president in public? Oh, he was still maddeningly vague about who really was behind the Reign Of Morons, all that talk about “the other side,” without using the words, “Republicans,” “conservatives,” or “raving nutballs,” and all that talk about the dangers of “the extremes,’ as though Bernie Sanders was as relevant to the events of the past two weeks as Ted Cruz was. I resemble that remark, sir, and my seconds will be calling on you. And what was that crack conflating “bloggers” with “radio talking-heads” I resemble that remark, sir, and my seconds will be calling on you.

More important, he’s still arguing for an economic compromise in the context of continuing austerity.  He talked about tax reform without tax increases. He talked about jobs without mentioning stimulus. And what he said about “entitlements” sent a cold chill down my spine since it was exactly what Paul Ryan would say. Which is what happens when you conclude that ” creating a budget” is not an “ideological exercise.” [..]

Nevertheless, the president made it plain that, if “the other side” wants to deal, it’s up to them to wring the crazy out of their rag in one quick hurry.

Ralph Nader: The Democrats Can’t Defend the Country From the Retrograde GOP

The Congress, that polls show the American people would like to replace in its entirety, has “kicked the can down the road” again, putting off the government shutdown until January 15 and another debt ceiling showdown until February 7. [..]

There is another story about how all this gridlock came to be, fronted by the question: “Why didn’t the Democrats landslide the cruelest, most ignorant, big-business-indentured Republican Party in its history during the 2010 and 2012 Congressional elections? (See “The Do Nothing Congress: A Record of Extremism and Partisanship”)

There are a number of answers to this fundamental political question. First and most obvious is that the Democrats are dialing for the same commercial campaign dollars, which beyond the baggage of quid pro quomoney, detours the party away from concentrating on their constituents’ needs, in a contrasting manner with the GOP.

Mark Gongloff: 4 Ways The Shutdown Deal Helps The Tea Party, Hurts Everyone Else

With the government back open and the hellstorm of a U.S. debt default delayed, you’re probably feeling pretty good about things, right? Like maybe we’ve thwarted the Tea Party’s quest to destroy the U.S. economy? Sadly, no.

Although House Republicans seem to have failed miserably to ransom the economy over Obamacare or “spending” or “disrespect” or whatever the last three weeks of idiocy and terror were about, they actually won, Bloomberg Businessweek points out in its latest cover story. The deal Congress struck to get the government back to work and raise the debt ceiling maintains a Tea Party pogrom happening since at least 2010, slashing spending at the fastest rate since the end of World War II, according to Businessweek. Rather than helping the economy, the latest debt deal is another disaster for it in four very specific ways: [..]

Dylan Ratigan: Those Who Nominate Dictate

Power, whether in an electoral system or a corporate boardroom, originates with the people who control the nomination of candidates — not with those who “vote” after this process is complete.

This is why the best-run companies consider a wide variety of potential nominees and include as many people as they can in the nomination process. This creates the highest possibility of hiring the best candidates. [..]

The extraordinary power of those who control the nominating process is not lost on power-hungry corporate board members. Why else would Carl Icahn risk billions to simply acquire board seats in hopes of introducing his nominees?

This strategy is definitely not lost on those who finance and nominate our political aspirants.

Henry A. Giroux: The Ghost of Authoritarianism in the Age of the Shutdown

In the aftermath of the reign of Nazi terror in the 1940s, the philosopher Theodor Adorno wrote:

   National Socialism lives on, and even today we still do not know whether it is merely the ghost of what was so monstrous that it lingers on after its own death, or whether it has not yet died at all, whether the willingness to commit the unspeakable survives in people as well as in the conditions that enclose them.

Adorno’s words are as relevant today as they were when he first wrote them. The threat of authoritarianism to citizen-based democracy is alive and well in the United States, and its presence can be felt in the historical conditions leading up to the partial government shutdown and the refusal on the part of the new extremists to raise the debt ceiling. Adorno believed that while the specific features and horrors of mid-century fascism such as the concentration camps and the control of governments by a political elite and the gestapo would not be reproduced in the same way, democracy as a political ideal and as a working proposition would be under assault once again by new anti-democratic forces all too willing to impose totalitarian systems on their adversaries.

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: The Damage Done

The government is reopening, and we didn’t default on our debt. Happy days are here again, right?

Well, no. For one thing, Congress has only voted in a temporary fix, and we could find ourselves going through it all over again in a few months. You may say that Republicans would be crazy to provoke another confrontation. But they were crazy to provoke this one, so why assume that they’ve learned their lesson?

Beyond that, however, it’s important to recognize that the economic damage from obstruction and extortion didn’t start when the G.O.P. shut down the government. On the contrary, it has been an ongoing process, dating back to the Republican takeover of the House in 2010. And the damage is large: Unemployment in America would be far lower than it is if the House majority hadn’t done so much to undermine recovery.

William K. Black: The Tea Party’s Tactical Brilliance and Strategic Incompetence

The Tea Party and its (non) think tanks have proven that they are tactically brilliant in manipulating the Republican Party, but strategically incompetent.  Today’s Senate Bill, which will be forced down the House Tea Party members’ throats, is the result of that strategic incompetence.  The Tea Party has learned that there are a few things many GOP elected officials are still unwilling to do.  Specifically, once the admittedly slow-witted House GOP leadership realized that the Tea Party had marched it to the far edge of a bridge to nowhere and the choices were (Option One: suicide) to keep marching off the bridge into the river (doing grave harm to the Nation and the world, ruining the GOP “brand,” returning the House to control by the Democratic Party, and threatening their own seats or (Option Two: truce) to stop and beg the Democrats for a truce – the GOP leadership would abandon the Tea Party and blame it for the humiliating rout. [..]

The Tea Party’s transcendent strategic failure however was picking Obamacare as the objective rather than the safety net.  I have been warning that Obama’s confidants have repeatedly revealed that Obama believes his best hopes of a positive “legacy” is what he calls the “Grand Bargain” (which I explained actually represented the “Grand Betrayal”).  The Grand Betrayal would raise some taxes, make materially deeper discretionary spending cuts in social programs, and make very large but opaque cuts in the safety net.  The Grand Betrayal would inflict triple damage on our Nation.  It would inflict even greater austerity, further weakening the recovery.  It would harm effective social programs at a time when they are most needed give the large increases in poverty.  It would harm the safety net directly and would serve to legitimize much deeper cuts in the future when the GOP controls the federal government.  Only a president that the GOP can portray as a “liberal” can make it safe for Republicans to attack the safety net and to work towards their great dream – privatizing Social Security so that Wall Street’s billionaires can get even wealthier by looting our retirement savings.

Obama has been eagerly seeking to inflict the Grand Betrayal since 2011.  The irony is that had he succeeded the resultant second recession would have made him a one-term president.  The Tea Party has prevented the deal by being unwilling to take “yes” for an answer from Obama.  The Tea Party could have skipped all the extortion and negotiated the Grand Betrayal with Obama.  The Republican leadership has attempted to negotiate the deal, but the Tea Party keeps blocking it.  Nevertheless, the Grand Betrayal is so available and so obviously in the political interests of the GOP and the Tea Party that the odds remain good that even the Tea Party will eventually say yes and give Obama the legacy he desires as the Democrat who led the unraveling of the safety net.  Obama may yet snatch defeat from victory and the Tea Party, when all else fails, may snatch victory from defeat by agreeing to the Grand Betrayal.

Dylan Ratigan: Debt and Taxes: Symptoms of Our Core Problem

The three charts below offer insight to the rottenness at the core of a banking and political system that relies entirely on the money of others–taxpayers, pensioners, those who pay insurance and, most disturbingly, future American earnings–to create short-term, private-sector income around housing and finance. With these profits, the banking system deals in politicians by offering political bulletproofing in the form of low-cost financing for housing using–you guessed it– other people’s money.

Until we deal with this problem, which is deeply entrenched in our election finance system, our government will continue to borrow and tax us to serve its short-term interests even as our lives become more expensive and offer less in return.

Robert Reich: What to Expect During the Cease-Fire

The war isn’t over. It’s only a cease-fire.

Republicans have agreed to fund the federal government through January 15 and extend the government’s ability to borrow (raise the debt ceiling) through Feb. 7. The two sides have committed themselves to negotiate a long-term budget plan by mid-December.

Regardless of what happens in the upcoming budget negotiations, it seems doubtful House Republicans will try to prevent the debt ceiling from being raised next February. Saner heads in the GOP will be able to point to the debacle Tea Partiers created this time around – the public’s anger, directed mostly at Republicans; upset among business leaders and Wall Street executives, who bankroll much of the GOP; and the sharply negative reaction of stock and bond markets, where the American middle class parks whatever savings it has.

Gary Younge: And so America’s skewed democracy lurches on toward its next crisis

A last-minute deal to raise the debt ceiling and end the shutdown solves nothing. US politics is stuck in chronic dysfunction

Because America is powerful, the world has to take notice of these self-inflicted crises. But because it has become so predictably dysfunctional and routinely reckless, they are difficult to take seriously or, at times, even fathom. To the rest of the world and much of America, this is yet another dangerous folly. The fact that the nation did not default should come as cold comfort. The fact that we are even talking about it defaulting is a problem.

This particular flirtation with fate was driven by a visceral opposition to the moderate provision of something most western nations take for granted: healthcare. The reforms they opposed had been been passed by the very body of which they are a member and had been been approved by the US supreme court, the guardian of the very constitution they claimed to be defending. For this, they started a fight they never had the numbers to win and carried on waging it long after it was clear they had lost.

Richard (RJ) Eskow: Winning the Peace: The Post-Shutdown Challenge

It’s a major victory. The shutdown’s ending, the government isn’t defaulting (at least not yet), and Democrats didn’t yield in the face of threats and bullying. But what happens next could shape our fate for many years to come.

Congratulations are in order. The President vowed not to negotiate over the debt ceiling, and he was as good as his word. He stood up to the closet ideologues of the artificial “center,” the ones who unwisely argued that being the “adult in the room” meant surrendering to the tantrums of children. [..]

But the celebrations are premature. Yes, the public is furious at Republicans – Tea Partiers and plain-vanilla GOP extremists alike – for causing so much damage in pursuit of an ideology so far outside the political mainstream. Most Americans have rejected the things Republicans stand for: their values, their priorities, and their apocalyptic economic vision.

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial Board: The Republican Surrender

The Republican Party slunk away on Wednesday from its failed, ruinous strategy to get its way through the use of havoc. Hours away from an inevitable market crash, it approved a deal that could have been achieved months ago had a few more lawmakers set aside their animus. After President Obama signs the bill, the government will reopen after more than two weeks of shutdown, and the threat of a default will be lifted.

The health care reform law will not be defunded or delayed. No taxes will be cut, and the deal calls for no new cuts to federal spending or limits to social welfare programs. The only things Republicans achieved were billions of dollars in damage to the economy, harm to the nation’s reputation and a rock-bottom public approval rating.

Topher Spiro: The Myth of the Medical-Device Tax

IN the last few days of negotiations in Congress, repeal of the Affordable Care Act’s tax on medical devices emerged as a key Republican demand. The medical-device industry waged an intense lobbying campaign – even garnering the support of many Democrats who favored the law – arguing that the tax would stifle innovation and increase health care costs.

This argument is doubly disingenuous. Not only can the medical-device industry easily afford the tax without compromising innovation, but the industry’s enormous profits are a result of anticompetitive practices that themselves drive up medical-device costs unnecessarily. The tax is a distraction from reforms to the industry that are urgently needed to lower health care costs.

The medical-device industry faces virtually no price competition. Because of confidentiality agreements that manufacturers require hospitals to sign, the prices of the devices are cloaked in secrecy. This lack of transparency impedes hospitals from sharing price information and thus knowing whether they are getting a good deal.

Mohamed A. El-Erian: What Follows This Congressional Deal?

The good news — and it is very good news — is that Congress seems to have finally struck a deal that would reopen the government and dodge a debt default. In doing so, lawmakers have avoided (at least for now) a crisis of their own creation that would have tipped the country into recession, caused substantial job losses, and further eroded America’s global standing — all of which would have also undermined national security. [..]

What emerged from Congress on Wednesday speaks to stop-gap measures born of exhaustion and political miscalculations, and prompted by national (and global) outrage.

By kicking the can down the road, our bickering Congress has created a temporary window for — at least in theory — more rational debate and decision-making. According to available information, the government would now be funded until January 15th and the debt ceiling would be pushed back to February 7th (with the ability to use extraordinary measures pushing that deadline to the spring).

Dean Baker: Republicans Are Delusional About US Spending and Deficits

The story of out-of-control debts and deficits is just plain wrong. US deficits have fallen in the past four years

It is understandable that the public is disgusted with Washington; they have every right to be. At a time when the country continues to suffer from the worst patch of unemployment since the Great Depression, the government is shut down over concerns about the budget deficit. [..]

Going to the wall for something that is incredibly important is a reasonable tactic. However, the public apparently did not agree with the Republicans. Polls show that they overwhelmingly oppose their tactic of shutting down the government and risking default over Obamacare. As a result, the Republicans are now claiming that the dispute is actually over spending.

Anywhere outside of Washington DC and totalitarian states, you don’t get to rewrite history. However, given the national media’s concept of impartiality, they now feel an obligation to accept that the Republicans’ claim that this is a dispute over spending levels.

Bill Blum: The Supreme Court Could Get Even Worse This Term

Even allowing for last term’s 5-4 decisions on gay marriage or the equally narrow 2012 approval of Obamacare’s individual mandate, the Supreme Court has amassed a profoundly right-wing record under the stewardship of Chief Justice John Roberts on issues including corporate accountability, campaign finance and voting rights. And if the oral arguments conducted the first two weeks of the court’s current term are any indication, the record is likely only to harden.

It’s easy enough to analyze the court’s opinions one case at a time, identifying how each affirms or alters specific areas of law. It’s also relatively easy, as Mother Jones magazine has shown, to measure the court’s political slant statistically by adding up the number of conservative rulings issued each term or tallying the number of prior liberal court precedents the tribunal overturns.

 

John Nichols: Paul Ryan’s Peddling a ‘Shock Doctrine’ Cure

Forget about death and taxes.

If you are looking for certainties in American politics, count on this one: If a crisis of governing develops, the advocates for cutting Social Security, Medicare and Medicaid will arrive with a plan to resolve the standoff by balancing budgets on the backs of America’s most vulnerable citizens.

Cue Paul Ryan.

The House Budget Committee chairman, a Republican from Janesville, has for the better part of a decade been the most determined advocate on Capitol Hill for the Wall Street agenda that says earned-benefit programs should be reshaped as investment vehicles and voucher schemes that will benefit brokers and the health insurance industry.

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 thea Pundits”.

Wednesday is Ladies’ Day.

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: In debt deal, Republicans aren’t surrendering anything

The government remains closed. The unimaginable – default on our national debt – looms, with unknown but foreboding consequence. Tea party Republicans remain willing to undermine trust in the full faith and credit of the United States in this unnecessary and manufactured crisis. And for some, the impending calamity seems to increase rather than temper their lunacy. At the right-wing Values Voter Summit this week, Rep. Louie Gohmert (R-Tex.) claimed that if Republicans refuse to lift the debt ceiling and the United States defaults, it would be an impeachable offense by the president. Go figure.

In Washington, this folly is measured by poll numbers. Republicans, and particularly the tea party, are “losing” because their public approval numbers have plummeted. Republicans are said to have “surrendered,” since they abandoned their threat to default on U.S. debts unless Democrats agreed to defund or delay Obamacare. Now Senate Republicans are offering to reopen the government and fund it at current levels only until mid-January. Supporters of the deal argue that it would allow for negotiations on a real budget before the next harsh across-the-board sequester cuts kick in, but it means that Republicans will use the threat of the sequester – and the next round of the debt ceiling showdown – to exact longer-term cuts in Medicare, Medicaid and Social Security benefits.

Surrender? Any more “victories” like this, and Democrats will end up paying annual tribute to Republican party coffers. If Democrats accept these terms, it will only encourage Republicans to hold the country hostage over and over again.

Karin Higgins: Congress and the President: Just Because You Were Bullied, Don’t Take It Out on Our Seniors

Let’s try to remember a lesson we all should have learned as kids. Just because you were picked on by the neighborhood bully is no excuse to go home and kick the dog or punch your little brother.

Maybe some inside the Beltway need a refresher course. Just because a handful on the right have shut down government and threatened default on the debt that’s no excuse to embrace proposals to slash Medicare and Social Security.

But that is exactly what is on the agenda, the “compromise” reward for those who engineered the lunacy of the last two weeks with the attempt to reverse the results of last November’s election by refusing to fund government services or pay the debt unless the Affordable Care Act is defunded or repealed.

Mary Botari: Erskine Bowles and Alan Simpson Reach New Heights of Hypocrisy in “Fix the Debt” Ad

The Campaign to Fix the Debt, the $40 million dollar astroturf “supergroup” that CMD exposed on the cover of the Nation magazine, has shifted into high gear in an effort to leverage the debt ceiling crisis into cuts to Social Security and Medicare.

Today, the group launched a six figure TV ad buy that reaches new heights of hypocrisy — and that is saying a lot.

Former U.S. Senator Alan Simpson and Morgan Stanley board member Erskine Bowles have long been spokespersons for Fix the Debt. The “folksy” Simpson: “For cryin’ out loud, Erskine, who isn’t fed up with what’s goin’ on in Washington?” The Bowles tsk tsk: “These politicians are playing games jerking our country around from crisis to crisis.”

This is rich from a group that has been hyping a debt and deficit crisis since its launch in July 2012, even though the deficit has been cut in half in recent years. In January 2013 Fix the Debt steering committee member and former Tennessee Governor Phil Bredesen admitted that Fix the Debt’s strategy was to create an “artificial crisis” to achieve a “grand bargain” on Medicare and Social Security.

Heather Mallick: 2013 Resembles 1927, A Terrifying Year

2013 is looking a lot like 1927, a scary year in American history.

I don’t know why you all seem to think it’s 2013. Clearly it is 1927. I just read Bill Bryson’s book on the American summer of that year – the glorious writer has an astonishing knack for narrative even on sedative subjects like baseball – and it fell from my nerveless fingers when I realized what he was trying to convey.

The world is holding 1927 all over again.

This is soul-chilling. I have had this Twilight Zone sensation before and I always restrain myself from asking total strangers if they notice anything funny about people’s hair and the background music. In London it is always next year. In Zara with its nylon dresses and boxy purses, it is still 1965, but in Topshop it’s 1975, just as it is in downtown Edmonton. In Harry Rosen it is the mid-’90s, the last time men were forced to wear suits, and at work, it is always Grade 7 all over again. Retro is in. I go into people’s homes now and wonder why they are trying to recreate my parents’ rec room.

Heidi Moore: In praise of empiricism: a Nobel prize for everyday economics

Fama, Shiller and Hansen are worthy winners for focusing on the messy reality of market behaviour, rather than abstract theories

This summer, I took a look at my retirement account. It was pathetic.

Scattered across a random group of mutual funds – growth, value, tech, emerging markets, what have you – my retirement dollars were all making skimpy profits, even though the market was good. The stockpickers running those funds had one job – to do better than the S&P 500 – and they were clearly failing.

I moved my entire retirement nest egg into an index fund, which essentially just imitates the S&P 500 with no stockpicking or other funny stuff. The result: my little nest egg ballooned by thousands of dollars in just a few months.

I forgot to thank one man for my move: Eugene Fama. The man who won the Nobel memorial award in economics Monday discovered years ago that stockpicking was a fool’s game; you can’t really beat the market. An entire industry of index funds exists because of Fama’s research.

His two co-winners are also men who care what happens in the real world. Economics has a reputation as wonky, nerdy discipline that loves theories that are pure and distant from humanity, like cottony clouds, and hates to get its hands dirty with real-world concerns. This year’s Nobel prize in economics is finally, a victory for the study of human nature.

Rachael Dunlop: Anti-vaccination activists should not be given a say in the media

99% of experts support the view that childhood vaccinations are safe and effective, whilst 1% do not. Why, then, would the mainstream media give any kind of air time to science deniers?

Imagine this scenario: you’re covering a story on circumnavigating the globe so you interview a geographer to get their views, but for the sake of balance you also get a representative from the Flat Earth Society. Seems absurd right?

Sure. But as a scientist, I see this kind of ridiculous “balance” happening all the time in stories concerning science and medicine. And it’s not just bad because it insults my delicate scientifical sensibilities, research now tells us that it can actually be harmful.

Let’s look at vaccination as an example. Assume that 99% of experts support the view that childhood vaccinations are overwhelmingly safe and effective, whilst 1% do not. Why then would the mainstream media run stories where a doctor or scientist offers a qualified, considered, researched, opinion and then turn to a wing nut who’s spent a couple of hours on Dr Google and has decided vaccines are bad, m’kay?

There’s a term to describe giving more time to opposing view points than the evidence actually supports – false balance.

So okay, my “feelpinions” might get hurt, but does it really matter otherwise? Well yes, it turns out it does.

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial Board: The Senate Tries to End the Crisis

The Senate, forced to extinguish the wildfire set by the House, is nearing a deal to reopen the government and end the imminent threat of default by the United States government. Some of the provisions in the deal are troubling, and senators need to ensure that it doesn’t in any way give in to Republican blackmail. If they can do so, the agreement may finally represent a way to end the crisis without encouraging blackmail when the debt ceiling comes up again. [..]

Assuming the Senate reaches a deal on Tuesday, it would only go into effect if Speaker John Boehner allows it to go to a vote in the House. If he continues to cater to the Tea Party wing of his caucus, piling on new demands, the delay could be catastrophic – a “rapidly spreading fatal disease,” as the co-chief executive of Deutsche Bank put it. The time to stop it has arrived.

Dean Baker: Republicans are delusional about US spending and deficits

The story of out-of-control debts and deficits is just plain wrong. US deficits have fallen in the past four years

It is understandable that the public is disgusted with Washington; they have every right to be. At a time when the country continues to suffer from the worst patch of unemployment since the Great Depression, the government is shut down over concerns about the budget deficit. [..]

Going to the wall for something that is incredibly important is a reasonable tactic. However, the public apparently did not agree with the Republicans. Polls show that they overwhelmingly oppose their tactic of shutting down the government and risking default over Obamacare. As a result, the Republicans are now claiming that the dispute is actually over spending.

Anywhere outside of Washington DC and totalitarian states, you don’t get to rewrite history. However, given the national media’s concept of impartiality, they now feel an obligation to accept that the Republicans’ claim that this is a dispute over spending levels.

Joe Conason: Corporate Leaders Bemoan Tea Party Default Crisis Created by Their own Donations

America’s great minds of business and finance have reached a consensus on the government shutdown and worse, the prospect of a debt default: While the latter is worse, both are bad. Those same great minds are well aware how the shutdown came to pass and why default still looms on the horizon, whether next week, next month, or next year.

Yes, the frightened corporate leaders surely know how this happened-because their money funded the tea party candidates and organizations responsible for the crisis.

Brian Beutler: Get nervous: The fate of the country is in John Boehner’s hands

With a Senate deal imminent, the speaker has a choice to make: His job or our economy. He could go either way

Minding the caveat that fluid events are fluid and thus subject to flowing to unexpected places, it looks like Harry Reid and Mitch McConnell are a hair’s breadth from a deal to reopen the government and extend the debt limit for several months.

If they ink it today, they can probably pass it before Thursday, at which point the Treasury Department will run out of headroom under the debt limit and the country will be at the mercy of its lenders.

That raises a troubling question: What the hell happens in the House?

E. J. Dionne: Obama Can’t Waste This Moment

The key in politics is to snatch victory from the jaws of victory.  [..]

It is up to Obama to seize this moment. If he just slips into the style of budget negotiations that so weakened him in the summer of 2011, he will have squandered a triumph won by his willingness to stand firm. If he allows his opponents to regroup and act as if this huge reversal never happened, he will lose the chance to push his priorities to the fore: universal pre-kindergarten education, immigration reform, rebuilding our transportation and communications systems-and, one would like to hope, an even broader agenda for speeding growth and sharing its dividends fairly.

Obama’s 2012 re-election failed to break the right-wing fever he always talked about. Now is the time to heal the nation of this infirmity.  

David Zirin: Bob Costas Spoke Out Against ‘Redskins,’ and It Was a Big Deal

Judging by the utterly unscientific polling in my twitter feed, Bob Costas’s half-time commentary on the Washington Redskins name managed to displease almost everybody. The sports fans were enraged that Costas said the name could be seen as “a slur” and “an insult”. They were irate that Costas would bring his “politics” into sports, as if having a team representing the nation’s capital called “Redskins” is not in fact political. They also used various forms of the phrase “pussification of America,” which makes me curious why the men in my Twitter feed who love the Redskins name also seem to have such unbridled contempt for women.

On the other side of the issue, there were many tweeting, texting, and e-mailing me that they were angry Costas started his commentary by saying, “There’s no reason to believe that owner Daniel Snyder, or any official or player from his team, harbors animus towards Native Americans, or chooses to disrespect them.” They argued that by telling mistruths about the team’s history, responding with such rancor to those asking about changing the name and refusing to meet with Native Americans who disagree with the name, he is absolutely “disrespecting” Native American history.

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 thea Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: The Dixiecrat Solution

So you have this neighbor who has been making your life hell. First he tied you up with a spurious lawsuit; you’re both suffering from huge legal bills. Then he threatened bodily harm to your family. Now, however, he says he’s willing to compromise: He’ll call off the lawsuit, which is to his advantage as well as yours. But in return you must give him your car. Oh, and he’ll stop threatening your family – but only for a week, after which the threats will resume.

Not much of an offer, is it? But here’s the kicker: Your neighbor’s relatives, who have been egging him on, are furious that he didn’t also demand that you kill your dog.

And now you understand the current state of budget negotiations.

Joseph E. Stiglitz: Inequality Is a Choice

American inequality began its upswing 30 years ago, along with tax decreases for the rich and the easing of regulations on the financial sector. That’s no coincidence. It has worsened as we have under-invested in our infrastructure, education and health care systems, and social safety nets. Rising inequality reinforces itself by corroding our political system and our democratic governance.

And Europe seems all too eager to follow America’s bad example. The embrace of austerity, from Britain to Germany, is leading to high unemployment, falling wages and increasing inequality. Officials like Angela Merkel, the newly re-elected German chancellor, and Mario Draghi, president of the European Central Bank, argue that Europe’s problems are a result of a bloated welfare spending. But that line of thinking has only taken Europe into recession (and even depression). That things may have bottomed out – that the recession may be “officially” over – is little comfort to the 27 million out of a job in the E.U. On both sides of the Atlantic, the austerity fanatics say, march on: these are the bitter pills that we need to take to achieve prosperity. But prosperity for whom?

Bob Garfield: False equivalence: how ‘balance’ makes the media dangerously dumb

We’ve seen it in climate change reporting; we see it in shutdown coverage. Journalists should be unbiased, yes, but not brainless

et us state this unequivocally: false equivalency – the practice of giving equal media time and space to demonstrably invalid positions for the sake of supposed reportorial balance – is dishonest, pernicious and cowardly.

On the other hand, according to the grassroots American Council of Liberty Loving Ordinary White People Propped Up by the Koch Brothers, the liberal media want to contaminate your precious bodily fluids and indoctrinate your children in homosocialism.

Haha, kidding. Of course, there’s no such group. But false equivalency in the news has been very much, in fact, in the news lately – thanks to reporting on the US government shutdown that characterizes the impasse as the consequence of two stubborn political parties unwilling to compromise on healthcare.

Joshua Holland:The Radicalization of the GOP: the Most Important Political Story Today

Rep. Peter King (R-NY) once claimed that “80 to 85 percent of mosques in this country are controlled by Islamic fundamentalists” and called those who worship in them “an enemy living amongst us.” He held McCarthyesque hearings into the supposed “radicalization of American Muslims,” parading a line of prominent bigots through the House Homeland Security Committee. [..]

In the past few weeks, dozens of political journalists have dubbed him a moderate. In fact, he’s been anointed a leader among the Republican moderates. He earned that label because, like other New York pols, he doesn’t blindly support the National Rifle Association, and because he opposes shutting down the government and threatening to unleash a potential economic catastrophe in a hopeless quest to defund Obamacare. That’s it. That’s how low the bar of moderation in the Republican Party now falls.

Arguably, the most important political story of our time – one necessary to understanding the last five years of so-called “gridlock” in Washington, DC – is one that journalists wedded to the idea that ‘both sides do it’ are uncomfortable reporting: the wildly asymmetric polarization of our two major political parties as Democrats inched to the left and Republicans lurched to the right.

Robert Reich: Why Giving Republican Bullies a Bloody Nose Isn’t Enough

It appears that negotiations over the federal budget deficit are about to begin once again, and presumably Senate Republicans will insist that Obama and the Democrats give way on taxes and spending in exchange for reopening the government and raising the debt ceiling for at least another year.

But keeping the government running and paying the nation’s bills should never have been bargaining chits in the first place, and the President and Democrats shouldn’t begin to negotiate over future budgets until they’re taken off the table.

The question is how thoroughly President Obama has learned that extortionist demands escalate if you give in to them.

Michael Lind: The South is holding America hostage

The Tea Party’s not crazy — they had a plan. Now liberals and progressives need one, too

When I have described the well-considered, coherent political and economic strategies of the conservative white South, as I have done here, here and here, I am sometimes been accused of being a “conspiracy theorist.” But one need not believe that white-hooded Dragons and Wizards are secretly coordinating the actions of Southern conservative politicians from a bunker underneath Stone Mountain in Georgia to believe that a number of contemporary policies – from race-to-the-bottom economic policies to voter disfranchisement and attempts to decentralize or privatize federal social insurance entitlements – serve the interests of those who promote them, who tend to be white Southern conservatives.

Just as a strategy is not a conspiracy, so it is not insanity. Ironically, American progressives, centrists and some Northern conservatives are only deluding themselves, when they insist that the kind of right-wing Southerners behind the government shutdown are “crazy.” Crazy, yes – crazy like a fox.

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”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

Up with Steve Kornacki: Guests had not yet been posted.

This Week with George Stephanopolis: The guest list has not been announced

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are Sen. John McCain (R-AZ); Sen. Chuck Schumer (D-NY); Sen. Kelly Ayotte (R-NH); and Rep. Tim Huelskamp (R-KS).

Joining him for a panel discussion are Dee Dee Myers, the press secretary during the Clinton administration, Newt Gingrinch, former speaker of the house, Wall Street Journal‘s Kimberley Strassel, and Washington Post‘s Dan Balz.

Meet the Press with David Gregory: The guests on this Sunday’s MTP are Sen. Rob Portman (R-OH) and Assistant Democratic Leader Sen. Dick Durbin (D-IL); former Defense Secretary Leon Panetta; and an exclusive interview with Managing Director of the International Monetary Fund Christine Lagarde.

The roundtable guests are  Co-anchor and managing editor of the PBS Newshour, Judy Woodruff; Washington Post Columnist Kathleen Parker; former Rep. Harold Ford (D-TN); and NBC News Chief White House Correspondent and Political Director Chuck Todd.

State of the Union with Candy Crowley: Ms. Crowley’s guests are Senator Rand Paul (R-KY); Senators Susan Collins (R-ME) and Amy Klobuchar (D-MN).

Joining her for a panel discussion are Montana Governor Brian Schweitzer, Crossfire co-host Newt Gingrich and Former White House Communications Director Anita Dunn.

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