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 the Pundits”.

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: Change We Can Believe In, 2.0

At this week’s convention, we’ll be reminded that elections matter-and they do. But electoral victories, though necessary, are never sufficient. Uprooting inequality and restoring prosperity will require much more. Last week, we got an important reminder of the importance of grassroots organizing. It came from the president of the United States.

During an “Ask Me Anything” session with readers of the website Reddit, President Obama lent his personal support to the effort to amend the Constitution to reverse the Supreme Court’s devastating Citizens United decision. [..]

Obama’s support for an amendment puts him on the right side, with over a hundred municipalities who’ve moved to amend, and against the plutocrats who want to buy our elections. It sharpens the contrast between a president committed to “We the people” and a challenger convinced that “corporations are people.” [..]

But Obama’s statement also raises the question, Given that the president gets how social movements make change happen, why does he only sometimes act like it?

Joan Walsh: Trolling Bill Clinton

Republicans and reporters are pretending the former president’s speech poses political risk and drama to Obama

Hello from Charlotte, where the diversity of the Democratic Party is an immediately obvious and welcome contrast with Tampa (even if the weather is not). Where the Republican convention seemed a blur of white hair, white faces and red, white and blue outfits, the crowd milling around downtown in the pouring rain Monday looked like America, not only in racial diversity but in class and age as well.  This is a younger party, which bodes well for its future. [..]

My favorite non-story so far involves the alleged danger President Clinton poses to Obama with his still-unvetted convention speech scheduled for Wednesday night. Some of the coverage tries to make Clinton sound like he could be the Democrats’ Clint Eastwood – an old celebrity gunslinger who might not be able to shoot straight anymore. But most of it is straight from the 2008 playbook: The two presidents don’t really like one another. Bill’s still mad about Hillary’s loss. He might even prefer a Romney win, since it could set up a 2016 Clinton candidacy.

Maureen Dowd The Comeback Vegan

I remember the first time I realized that Barack Obama was not going to be another Bill Clinton. Everyone assumed that the Secretariat from Illinois was the natural heir to the Secretariat from Arkansas. But Barry was only out of the gate for a day in 2007 before it became apparent that, while the senator had a bouquet of talents and several virtues that Clinton would never possess, he was not quite Bill’s match as a political natural.  [..]

It’s not a bromance, like Romney and Paul Ryan. It’s a transaction. Obama needs his Democratic predecessor to reassure jittery voters that the future can look like the past, with a lower deficit, plenty of jobs and the two parties actually talking. In return, Bill will have the capital to try to ensure that the past can look like the future, with Hillary as Obama’s successor.

What a wild twist. Instead of ushering in the post-Clinton era, as intended, Obama has ushered in the pre-Clinton era.

Amanda Marcotte: In 2012 Campaign Season, Anti-Choicers Show Their True Colors

Anti-choicers know that their official line is that they’re not in this because they have backwards views on gender or that they’re afraid of female sexuality. Sure, they do have these beliefs, but we are expected to pretend that there’s no connection between their “traditional” views on women generally and their opposition to abortion rights. People who fail to play along with these expectations and insist on pointing out connections get paid in screaming, yelling, and playing-the-victim antics from anti-choicers. Considering how much knowledge anti-choicers have that their backwards views on gender hurt their cause, you’d think they wouldn’t be messing it up and letting the cat out of the bag as often as they do lately.

Indeed, showing their true colors has been a theme of anti-choicers this campaign season, from Todd Akin’s “legitimate rape” comment to Mike Huckabee’s extolling the virtues of rape as a baby delivery system to Paul Ryan minimizing rape by calling it a “method of conception.” But even beyond making comments indicating that they don’t really think rape is a big deal—it’s not like raping uterus vessels is the same as violating people, right?—it just seems generally like anti-choicers are getting weary of play-acting like this is about “life.” The urge to say what they actually mean, to shame women for being sexual and for being independent, is just becoming too great. Decades of pretending has worn thin. Now the seams are showing, and the misogynist comments are coming out.

Marjorie Cohn: No Accountability for Torturers

The Obama administration has closed the books on prosecutions of those who violated our laws by authorizing and conducting the torture and abuse of prisoners in U.S. custody. Last year, Attorney General Eric Holder announced that his office would investigate only two incidents, in which CIA interrogations ended in deaths. He said the Justice Department “has determined that an expanded criminal investigation of the remaining matters is not warranted.” With that decision, Holder conferred amnesty on countless Bush officials, lawyers and interrogators who set and carried out a policy of cruel treatment. [..]

Amnesty for torturers is unacceptable. General Barry McCaffrey declared, “We tortured people unmercifully. We probably murdered dozens of them during the course of that, both the armed forces and the CIA.” Major General Anthony Taguba, who directed the Abu Ghraib investigation, wrote that “there is no longer any doubt as to whether the [Bush] administration has committed war crimes. The only question that remains to be answered is whether those who ordered the use of torture will be held to account.” Holder has answered Taguba’s question with a resounding “no.” [..]

There are two federal criminal statutes for torture prosecutions-the U.S. Torture Statute and the War Crimes Act; the latter punishes torture as a war crime. The Torture Convention is unequivocal: nothing, including a state of war, can be invoked as a justification for torture.

By letting American officials, lawyers and interrogators get away with torture – and indeed, murder – the United States sacrifices any right to scold or punish other countries for their human rights violations.

Daphne Wisham; The Six Stages of Climate Grief

I have discovered a new sixth stage, beyond acceptance of the truly depressing climate science: doing The Work.

Now that the hottest summer on record is drawing to a close, are we any closer to admitting that climate change is upon us? If not, why not?

It might have something to do with the five stages of grief. Elisabeth Kubler-Ross identified these stages as denial, then anger, followed by bargaining, depression, and acceptance. With record drought killing our cattle and our corn, West Nile virus sweeping the country, and Arctic ice sheets melting away, it’s no surprise that millions of people are responding to these frightening signs of environmental decline in stages.

Nobel Laureate Steve W. Running first proposed this frame for understanding the popular response to climate change in 2007. I’d like to go one step further and suggest a sixth stage: The Work.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Robert Kuttner; What Bernanke Couldn’t Quite Say

Federal Reserve Chairman Ben Bernanke used his much-anticipated Friday speech at the Fed’s annual end-of-summer conference in Jackson Hole, Wyo., to sound almost like the last Keynesian.

As he put it: “Monetary policy cannot achieve by itself what a broader and more balanced set of economic policies might achieve; in particular, it cannot neutralize the fiscal and financial risks that the country faces.”

Commentators made much of the fact that Bernanke said that he considered the economy dangerously soft; that unemployment was far too high for this stage of a recovery; that housing continued to be a major drag, as well as state and local budget cuts.

The New York Times: Mr. Bernanke’s Next Task

It will be another week – at a meeting of the Federal Reserve policy-making committee on Sept. 12 and 13 – before anyone knows for sure what Ben Bernanke thinks the Fed should do, if anything, to stimulate the weak economy. What is known is that, without more help, the economy is likely to remain weak, or grow weaker, through the rest of this year.

In his speech on Friday at the annual meeting on monetary policy in Jackson Hole, Wyo., Mr. Bernanke said that past Fed interventions had been a plus for the economy, raising growth enough to add an estimated two million jobs, but that economic conditions are still “obviously far from satisfactory.” Then he said that more help would be forthcoming “as needed.”

But, by his own analysis, help is needed now.  

Joseph Stiglitz: Mitt Romney’s Tax Avoidance Weakens Bonds of American Society

If politicians and those around them do not pay their fair share of taxes, how can we expect that anyone else will?

Mitt Romney’s income taxes have become a major issue in the American presidential campaign. Is this just petty politics, or does it really matter? In fact, it does matter – and not just for Americans.

A major theme of the underlying political debate in the United States is the role of the state and the need for collective action. The private sector, while central in a modern economy, cannot ensure its success alone. For example, the financial crisis that began in 2008 demonstrated the need for adequate regulation.

Moreover, beyond effective regulation (including ensuring a level playing field for competition), modern economies are founded on technological innovation, which in turn presupposes basic research funded by government. This is an example of a public good – things from which we all benefit, but that would be under-supplied (or not supplied at all) were we to rely on the private sector.

Conservative politicians in the US underestimate the importance of publicly provided education, technology, and infrastructure. Economies in which government provides these public goods perform far better than those in which it does not.

Bob Herbert: How We Can Bring Millions of Americans to the Middle Class

The United States needs to be reimagined. A recent study from the Pew Research Center tells us that in economic terms the middle class “has suffered its worst decade in modern history.” It’s shrinking.

With jobs scarce, wages declining and the nation’s wealth concentrating ever more intensely at the top, the middle class has shrunk in size for the first time since World War II. [..]

What we’re experiencing is nothing less than an historic generational decline in living standards. We’ve obviously been doing something very wrong.

Laura Flanders; Labor Day Message: We Can’t Labor Without Our Lives

“Every culture lives within its dream,” wrote Lewis Mumford in 1934:

   “It is reality – while the sleep lasts. But, like the sleeper, a culture lives within an objective world that…sometimes breaks into the dream, like a noise, to modify it or to make further sleep impossible.”

This Labor Day it’s conventional wisdom to say the American dream is broken. For those who ever dreamed it, that dream featured all that typically fills the fantasies of capitalist cultures: if not heaven, then at least happiness here on earth, built from stuff and standing acquired through human sweat and toil; Americans sold themselves (and others) another fancy too, a fair shake, in a “city upon a hill” nation replete with opportunity. (The facts of slavery, land theft and genocide notwithstanding.)

For many who were sleeping soundly previously, the noise that’s broken in is that of millions of Americans living without enough to eat (46 million, including one in five of all children); the racket of rampant ill-health, the half-of-all jobs that barely lift families out of poverty ($34,000 or less) and the kicker: less social mobility than exists in most of Old World Europe.

Joe Nocera: They’re Not What They Used to Be

What did I miss while I was away? Ah, yes, the Republican National Convention. I hear the Republicans nominated Mitt Romney and Paul Ryan for president and vice president. Imagine that. [..]

As usual, journalists vastly outnumbered the delegates. As usual, the thing was so finely scripted, Eastwood aside, that there wasn’t a whole lot of genuine news to report. As Jeremy Peters put it in The Times, “Today’s media labor to enliven coverage of what typically are endless hours of preordained events.” The decision by the major networks to cut back coverage to an hour a night is not irrational. [..]

On the other hand, old-style conventions, for all their flaws, demanded compromise that is essential for governing. Nor were the party bosses willing to throw their weight behind candidates who were too far outside the mainstream.

The primary system has allowed the two parties to be captured by their more extreme elements. Compromise is now a dirty word. Centrism is for losers. Conventions now enforce the views of the hard-liners.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Robert Reich: Labor Day and the Election of 2012: It’s Inequality, Stupid

The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth, and political power at the very top – among a handful of extraordinarily wealthy people – and the steady decline of the great American middle class.

Inequality in America is at record levels. The 400 richest Americans now have more wealth than the bottom 150 million of us put together.

Republicans claim the rich are job creators. Nothing could be further from the truth. In order to create jobs, businesses need customers. But the rich spend only a small fraction of what they earn. They park most of it wherever around the world they can get the highest return.

The real job creators are the vast middle class, whose spending drives the economy and creates jobs.

Paul Krugman: Rosie Ruiz Republicans

Remember Rosie Ruiz? In 1980 she was the first woman to cross the finish line at the Boston Marathon – except it turned out that she hadn’t actually run most of the race, that she sneaked onto the course around a mile from the end. Ever since, she has symbolized a particular kind of fraud, in which people claim credit for achieving things they have not, in fact, achieved.

And these days Paul Ryan is the Rosie Ruiz of American politics.

This would have been an apt comparison even before the curious story of Mr. Ryan’s own marathon came to light. Still, that’s quite a story, so let’s talk about it first. [..]

So what is this election about? To be sure, it’s about different visions of society – about Medicare versus Vouchercare, about preserving the safety net versus destroying it. But it’s also a test of how far politicians can bend the truth. This is surely the first time one of our major parties has run a campaign so completely fraudulent, making claims so at odds with the reality of its policy proposals. But if the Romney/Ryan ticket wins, it won’t be the last.

New York Times Editorial: Still No Justice for Mortgage Abuses

It has been six months since the big banks settled with state and federal officials over evidence of widespread foreclosure fraud, promising to provide $25 billion in mortgage relief in exchange for not being sued over past foreclosure abuses.

At the time, it looked like a sweet deal for the banks. The fines were paltry compared with the damage done to homeowners and the economy. And much of the relief the banks were obliged to provide could be met by continuing more or less with business as usual.

It still looks like a sweet deal. [..]

The economy will not recover and justice will not be done unless and until the mortgage mess is resolved.

Richard Reeves: Romney’s Lies and Liars

I once wrote, about Gerald Ford, that an honest politician is one who lies only when he has to. Ford, a pretty straight shooter, is gone now. He has been replaced by Mitt Romney the ignorant and Paul Ryan the liar.

Last week’s Republican National Convention may be the last in the line going back to 1832, when President Andrew Jackson called a convention in Baltimore because he needed a plausible arena to bump his vice president, John C. Calhoun, in favor of a more compatible Martin Van Buren. It worked.

It doesn’t anymore. This Republican spectacle crumpled on its last night when Clint Eastwood incoherently debated a chair. The chair won.

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

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

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

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

Jonathan D. Moreno: What the Chair Could Have Told Clint

MANY found Clint Eastwood’s speech at the Republican National Convention odd, but I found it oddly familiar. When Mr. Eastwood set up a chair next to the podium and used it in an imaginary dialogue with the president, I recognized it as a technique from psychodrama – the psychotherapy my father, the psychiatrist J. L. Moreno, started developing nearly 100 years ago.

Therapists often use the “empty chair” as a way of orienting a patient to a particular relationship. “Here’s your mom,” they might say. “What would you say to her if she were here, right now?” The empty chair can be a very powerful warm-up to a problematic situation, a way of concretizing dormant, suppressed or abstract emotions in an important or troubling relationship. Used properly, it can lead to insight.

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 Chris Hayes: Joining Chris at 8 AM ET will be: Van Jones (@vanjones68), the former special adviser for green jobs in the Obama White House and co-founder of Rebuild the Dream; Rob Zerban (@robzerban), the Democratic candidate challenging Rep. Paul Ryan in Wisconsin’s first congressional district; Cynthia Dill (@dillesquire), a state senator from Maine and Democratic candidate for the U.S. Senate seat being vacated by retiring Sen. Olympia Snowe (R); New York State Assemblyman Hakeem Jeffries (@TeamJeffries), Democratic congressional candidate in New York’s 8th district; Arizona State Senator Kyrsten Sinema (@kyrstensinema), Democratic congressional candidate in Arizona’s 9th district; Nate Shinagawa (@nateshinagawa), the vice chair of the Tompkins County Legislature in New York and Democratic congressional candidate in New York’s 23rd district; Robert Wolf, former president of UBS Bank, member of President Obama’s Council on Jobs and Competitiveness, and host of the weekly webcast “Impact Players” on the Reuters YouTube channel; John Nichols (@nicholsuprising), Washington correspondent for The Nation and associate editor for The Capital Times in Madison, Wisconsin; Neera Tanden (@neeratanden), president of the Center for American Progress; and Rose Aguilar (@roseaguilar) radio host of “Your Call” on KALW radio in San Francisco and op-ed contributor to Al Jazeera English.

This Week with George Stephanopolis: This Week’s guests is White House senior adviser David Plouffe.

The roundtable debates the Republican and Democratic conventions, with ABC News’ George Will; Priorities USA co-founder Bill Burton; Romney campaign senior adviser and former Massachusetts Lt. Governor Kerry Healey; Democratic strategist and ABC News contributor Donna Brazile; and political strategist and ABC News political analyst Matthew Dowd.

Face the Nation with Bob Schieffer: Mr. Schieffer sits down with key voices for the Democrats, Gov. Martin O’Malley, former New Mexico Gov. Bill Richardson and Obama Deputy Campaign Manager Stephanie Cutter.

Then, a roundtable with the Washington Post‘s Dan Balz, Bloomberg Television’s Trish Regan, Georgetown University’s Michael Eric Dyson and CBS News political director John Dickerson.

The Chris Matthews Show: This week’s guests are Helene Cooper The New York Times White House Correspondent; Kelly O’Donnell NBC News Capitol Hill Correspondent; Sam Donaldson ABC Reporter; and John Heilemann New York Magazine National Political Correspondent

Meet the Press with David Gregory: MTP’s exclusive guest is former Obama Chief of Staff Chicago Mayor Rahm Emanuel. The roundtable guests are former GOP presidential contender Newt Gingrich; former CEO of Hewlett-Packard and Vice Chair of the National Republican Senatorial Committee Carly Fiorina; presidential historian Doris Kearns Goodwin; NY Times columnist Tom Friedman; and NBC’s Tom Brokaw.

State of the Union with Candy Crowley: Ms Crowley’s guests are Los Angeles Mayor Antonio Villaraigosa, North Carolina Governor Bev Perdue, and Maryland Governor Martin O’Malley; Obama Senior Campaign Adviser Robert Gibbs; CNN’s Chief White House Correspondent Jessica Yellin and The Washington Post‘s Dan Balz.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Mark Weisbrot: Raising Minimum Wage Can Yank Millions Out of Poverty and Jump-Start Economy

The federal minimum wage is just $7.25 an hour and hasn’t been raised in three years. But a raise is much more overdue than that. If we look at the minimum wage 44 years ago, and simply adjust it for inflation, it would be more than $10 today.

This is another ugly symptom of what has gone wrong in America over the last 35 to 40 years. From 1979 to 2007, about 60 percent of the income gains have gone to the now infamous 1 percent at the top, with the majority of those gains going to the top 0.1 percent – people who made, on average, $5.6 million per year.

But some of the worst effects of giving more to those who have the most have affected people toward the bottom of the income ladder, and there is no excuse for it.

Glen Ford: US is the Worst Police State in the World – By the Numbers

There’s no getting around the fact that the United States is the Mother of All Police States. China can’t compete in the incarceration business. With four times the U.S. population, it imprisons only 70 percent as many people – about the same number as the non-white prison population of the U.S. Even worse, 80,000 U.S. inmates undergo the torture of solitary confinement on any given day.

When U.S. corporate media operatives use the term “police state,” they invariably mean some other country. Even the so-called “liberal” media, from Democracy Now! to the MSNBC menagerie, cannot bring themselves to say “police state” and the “United States” without putting the qualifying words “like” or “becoming” in the middle. The U.S. is behaving “like” a police state, they say, or the U.S. is in danger of “becoming” a police state. But it is never a police state. Since these privileged speakers and writers are not themselves in prison – because what they write and say represents no actual danger to the state – they conclude that a U.S. police state does not, at this time, exist.

Considering the sheer size and social penetration of its police and imprisonment apparatus, the United States is not only a police state, but the biggest police state in the world, by far: the police state against whose dimensions all other police systems on Earth must be measured.

Paul Krugman: Paul Ryan’s Magic Asterisks

The other day I picked up on something in an op-ed in Slate titled “Why I Love Paul Ryan” by the commentator William Saletan that illustrates the conventional wisdom that has let the essentially ridiculous Paul Ryan rise so far. Today let me pick on William Galston – not a household name, but a good representative of the Beltway gone bad.

In an op-ed in The New Republic, Mr. Galston, a contributing editor, urges Democrats not to “demagogue” Mr. Ryan, but despairs: “Here’s what I fear will happen instead. The Obama campaign will not take the other side in a high-minded debate. Instead, it will relentlessly attack Romney-Ryan for plotting to ‘end Medicare as we know it,’ and for leaving the poor to go hungry without food stamps and suffer, even die, without health insurance.”

What’s wrong with this lament?

How about the fact that the Romney-Ryan plan actually is a plan to end Medicare as we know it? (And why the quotation marks? That’s what it is – replacing the system with fixed-value vouchers.) It is also a plan for drastic cuts in food stamps and Medicaid, not to mention canceling the expansion of coverage under the Affordable Care Act, which would mean lost insurance for tens of millions of Americans – thousands of whom would, in fact, die as a result.

Yet pointing out these truths is, in the eyes of Very Serious People, “demagoguery.”

Charles M. Blow: The G.O.P. Fact Vacuum The G.O.P. Fact Vacuum

Honesty is a lost art. Facts are for losers. The truth is dead.

Pick one.

Whatever the term of art, they all signal a dark turn, and, this week, the Republican Party took that turn with reckless abandon.

Lying is certainly nothing new in politics. One could even argue that it’s fundamental to politics. Saying incredible things in a credible way is the art; using math of vapors to sell dreams of smoke is the craft.

But Paul Ryan’s acceptance speech on Wednesday took things up a notch. [..]

Romney long ago demonstrated that he was willing to do anything and take any position – even if they contradicted previous ones – to make it to the White House. And while that may be fine for him, it shouldn’t be fine with us.

We deserve better and should demand better. We deserve better than a weather vane candidacy that doesn’t care whether it’s being candid. We deserve better than a party and a presidential aspirant so wanton that they refuse to let facts get in the way of a fairy tale.

Robert Reich: Labor Day 2012 and the Election of 2012: It’s Inequality, Stupid

The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth, and political power at the very top — among a handful of extraordinarily wealthy people — and the steady decline of the great American middle class.

Inequality in America is at record levels. The 400 richest Americans now have more wealth than the bottom 150 million of us put together.

Republicans claim the rich are job creators. Nothing could be further from the truth. In order to create jobs, businesses need customers. But the rich spend only a small fraction of what they earn. They park most of it wherever around the world they can get the highest return.

The real job creators are the vast middle class, whose spending drives the economy and creates jobs.

Richard (RJ) Eskow: Goodbye, Liberty! 10 Ways Americans Are No Longer Free

Our struggle for liberty is a fight against concentrated wealth.

Our most fundamental rights, to life, liberty and the pursuit of happiness, are under assault. But the adversary is Big Wealth, not Big Government as conservatives like to claim. Consider:

Life? The differences in life expectancy between wealthier and lower-income Americans are increasing, not decreasing.

Liberty? Digital corporations are assaulting our privacy, while banks trap us in indebtedness that approaches indentured servitude. The shrunken ranks of working Americans are being robbed of their essential liberties – including the right to use the bathroom.  

The pursuit of happiness?  Social mobility in the United States is dead. Career choices are increasingly limited. As for working hard and earning more, consider this: Between 1969 and 2008 the average US income went up by $11,684. How much of that went to the top 10? All of it. Income for the remaining 90 percent actually went down.

These changes didn’t just happen. Wealthy individuals and corporations made it happen – and they’re still at it. Meanwhile, Corporate America’s wholesale theft of your individual liberties has been rebranded as a fight for … the corporation’s individual liberty.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

The New York Times Editorial: Mr. Romney Reinvents History

Mitt Romney wrapped the most important speech of his life, for Thursday night’s session of his convention, around an extraordinary reinvention of history – that his party rallied behind President Obama when he won in 2008, hoping that he would succeed. “That president was not the choice of our party,” he said. “We are a good and generous people who are united by so much more than divides us.”

The truth, rarely heard this week in Tampa, Fla., is that the Republicans charted a course of denial and obstruction from the day Mr. Obama was inaugurated, determined to deny him a second term by denying him any achievement, no matter the cost to the economy or American security – even if it meant holding the nation’s credit rating hostage to a narrow partisan agenda.

Cenk Uygur: The Real Convention Is at Cracker Bay

One of the reasons this Republican convention has been so deathly dull is that the real action isn’t at the convention. It’s at Cracker Bay. That’s the name of the yacht where the Romney team just hosted 50 partiers, including some of his top donors. This was one of about a dozen events outside of the convention where they had private meetings with donors giving more than $1 million dollars to his campaign. Over $1 million a piece. Now, where do you think the real policy gets made?

You think Mitt Romney gives a damn what a delegate thinks? The only delegates that matter were on that yacht. They call this group the “Victory Council.” This is made of people who are literally millionaires and billionaires and who dictate what Mitt Romney’s positions will be. He’s a legendary flip-flopper, but if you want to know what he really thinks you had to be on that boat.

Roger Cohen: Made in the U.S.A.

I built this column.

I built it all by myself in this second American century.

I built it after seeing banners at the Republican National Convention saying, “Build, Baby, Build!” So I decided to drill down and see what I could find.

I found I needed a laptop that somebody else had built, somewhere outside the United States, somewhere like China, where there’s a lot of building going on. Naturally enough I discarded the computer in horror because I believe in building things myself from the ground up, just like my role-model Mom told me. She, by the way, was from Sicily and came via Wales to the United States, where she built a small business.

Now, that’s the last time I’m going to mention foreign countries in this self-built column. Real Americans know the rest of the world does not exist. The rest of the world is just a bad fantasy the other party has.

John Nichols: Mitt Romney: His Party Is the Problem

Who knew that Mitt Romney was such a fan of Barack Obama’s 2008 campaign?

“How many days have you woken up feeling that something really special was happening in America?” Romney told thousands of Republican delegates, alternates and hangers-on Thursday night. “Many of you felt that way on Election Day four years ago. Hope and Change had a powerful appeal.”

Speaking of the “fresh excitement about the possibilities of a new president” Americans felt upon Obama’s election, the man who will now seek to prevent the Democratic president’s reelection told the 40th Republican National Convention about how much he had hoped Obama would succeed “because I wanted America to succeed.”

But it wasn’t just that citizens wanted America to succeed. As Romney noted: “Every family in America wanted this to be a time when they could get ahead a little more, put aside a little more for college, do more for their elderly mom who’s living alone now or give a little more to their church or charity… This was the hope and change America voted for.”

In this, Romney was right.

Laura Flanders; The Bushwomen. They’re Back.

There she is, just the woman I was thinking of, on the op-ed page of the New York Times. Except she isn’t apologizing for her role unleashing the GOP’s “war on women.” She is writing about terrorism and the Clean Air Act. What I’d wanted someone to ask Christine Todd Whitman about was the day at the 1996 RNC, when she helped coronate today’s extremist GOP.

Former New Jersey Governor Christine Todd Whitman is usually described in the money media with the words “moderate” and “pro-choice” glued firmly to her name. Republican in a pro-choice state, she’s on the record saying that abortion is “a personal decision between a woman and her doctor,” and the government has no business telling a woman what to do. (That used to be the conservative position.) She’s held up by pro-choicers as a tragicomic victim,  abandoned by her party, but the fact is, Whitman’s done more to help the vicious wing of the GOP than she ever did to stop the backlash.

Richard Dreyfuss: US Sells Three-Fourths of Worldwide Arms

Here’s the opening phrase of a scare story in the Washington Post from this weekend:

   China’s arms exports have surged over the past decade… [..]

China doesn’t even show up as a blip on the screen. The Post buries in the piece that China is “the sixth-largest arms exporter in the world.”

So dominant is the United States in worldwide arms trafficking that-get this!-US arms sales to a single country, Saudi Arabia, totaled $33.4 billion last year. That amount surpassed the entire total of US arms sales to all countries in the world in 2009, $31 billion. A commentary by a Wall Street analysis site notes happily: “The news confirms how critical defense, airplane, and agricultural exports are to the overall American trade balance.”

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

New York Times Editorial: The Vacuum Behind the Slogans

The party that claims to have all the answers on Medicare seemed to have no interest in sharing them with the American people at its convention on Wednesday. The session, devoted to the theme of “We Can Change It,” never went any deeper than that slogan or a few others: Reform Medicare. Strengthen Medicare. Protect Medicare.

All without the slightest hint of how that supposed reform or strengthening would take place, regarding that program and many others. “We will not duck the tough issues; we will lead,” said Representative Paul Ryan, in his speech accepting the vice-presidential nomination. “We will not spend four years blaming others; we will take responsibility.”

Sounds great, except that the speech ducked the tough issues and blamed others for the problems.

Mo Rocca: ‘The Right to Vote’

Pop quiz. Which of the following countries does not guarantee its citizens the right to vote? Is it:

(A) Iran

(B) Libya

(C) The United States

(D) All of the above.

If you guessed “all of the above,” you’re right. Yes, the United States is one of only a handful of nations whose constitution does not explicitly provide the right to vote. (Singapore is another, but it doesn’t even allow you to chew gum on the street.)

I imagine you’re surprised. I know I was. Think of all that hard work our founding fathers put in – the revolutionizing, the three-fifths compromising, having to write the entire Constitution with a quill – and yet they neglected to include the right to vote. (I know, it was a long, hot summer. Hard to stay focused.) It got me thinking: What else don’t I know about voting in our country? How does voting really work – or sometimes not work – in America?

Bernie Sanders: Deficit Hawk Hypocrites

Mitt Romney, Paul Ryan and the Republican Party are now mounting a massive attack against Social Security and other programs. Using “deficit reduction” as their rationale, they are attempting to dismantle every major piece of legislation passed since the 1930s that provides support and security to working families.

They are being aided by at least 23 billionaire families, led by the Koch brothers and Sheldon Adelson, who are spending hundreds of millions of dollars in this campaign as a result of the disastrous Citizens United Supreme Court decision. Despite paying the lowest effective tax rate in decades, the billionaires want more tax breaks for the very rich. Despite the fact that the elimination of strong regulations caused the Wall Street meltdown and a terrible recession, the billionaires want more deregulation. Despite outsourcing of millions of good-paying American jobs to China and other low-wage countries, the billionaires want more unfettered free trade.

At this pivotal moment in American history, it’s important to note how we got into this deficit crisis, who was responsible and what is the fairest way to address it.

Robert Reich; How Romney Keeps Lying Through His Big White Teeth

“We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster.

A half dozen fact-checking organizations and websites have refuted Romney’s claims that Obama removed the work requirement from the welfare law and will cut Medicare benefits by $216 billion.  

Last Sunday’s New York Times even reported on its front page that Romney has been “falsely charging” President Obama with removing the work requirement. Those are strong words from the venerable Times. Yet Romney is still making the false charge. Ads containing it continue to be aired.

Presumably the Romney campaign continues its false claims because they’re effective. But this raises a more basic question: How can they remain effective when they’ve been so overwhelmingly discredited by the media?

Mark Morford: How to Spot Completely Miserable GOP Women

You can see it in the eyes. Vacant, sort of glassy, dark and distant as if staring into a cave full of nails from a thousand miles – and a million joyful lifetimes – away.

It moves on to the skin, pale and ill-fitting like a mannequin in a human costume, like it’s not the slightest bit comfortable in there, closing around a sallow tightness of the mouth and lips, maybe a severity of haircut, the sweater buttoned a bit too tight and the collar cutting circulation to the vital organs, but most especially and obviously, to the heart.

Do you see it? Do you see it, most frequently and with a tragic sigh, in the women of the GOP, from the senseless female candidates themselves (Hi, Ms. Bachmann!) to the sallow wives and disoriented daughters of the ultraconservative males who fear and detest everything real women represent?

You know the look. You’ve seen it a million times, this “Oh my God how did I get here,” this “How can this really be my life,” this look of deep and long-muted pain and/or dull resignation (Hi, Mrs. Vitter!), the long rusted-over knowledge that choices have been made and there was no other way, even though there was, even though there still is.

Gail Collins: Renovating Mitt Romney

So, about Mitt Romney.

The Republicans have been holding a convention to nominate him for president! I am telling you this on the off chance that you haven’t been paying attention. Perhaps you feel as if you’ve already met Mitt Romney and don’t require another introduction. Perhaps you feel as if you’ve met him a lot. But this is entirely different because the party’s mission this week is to construct an entirely new, improved, warmer, more lovable version.

They built this Romney!

“We built it” is one of the themes here, at the government-underwritten convention in a government-subsidized convention center in a city that rose on the sturdy foundation of government-subsidized flood insurance. But no taxpayer dollars were expended in the attempt to put together a New Mitt.

None. Really, it was just private corporations and rich people.

Punting the Pundits

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

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

Wednesday is Ladies’ Day

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: The GOP’s Split-Screen Convention

This week, the anti-disaster assistance party scrambled to shuffle its anti-government convention speakers in the face of Hurricane Isaac. Meanwhile, the New York Times reported, “As the American Petroleum Institute planned a concert and a party here to push its agenda, which includes expansion of oil exploration on federal lands, some of its members were ramping down production in the gulf and removing workers from platforms.”

Welcome to Republicans’ “split screen” convention week. On one side of your TV screen, competitive condemnations of the government boot on the American economy’s neck. On the other: a dangerous storm that dramatically symbolizes the need for strong infrastructure, sane environmental policy and solid emergency response. Unlike the Republicans, the storm won’t talk. But the contrast speaks volumes.

Amanda Marcotte: She’s Just an Easy-Bake Oven: How the GOP and the Anti-Choice Movement See Women

The good news about the Rep. Todd Akin situation is that it genuinely seems to have raised the public’s awareness of how much the anti-choice movement is rooted not in some love of fetal life, but in a profound misogyny that focuses heavily on fear of female sexuality. Akin’s ready assumption that women frequently lie about rape to cover up their sexual adventures was a perfect example of the demonized view of female sexual liberty driving the anti-choice movement, one that has very little relation to how women actually act in the world. But the exposure of the ugly, misogynist heart of the anti-choice movement might come at a price: Other dehumanizing, ugly attitudes towards women expressed by anti-choicers might seem more moderate by comparison.

For instance, Rep. Paul Ryan, now a nominee for Vice President, has a long history of using incredibly dehumanizing language towards women and speaking of women as if they non-sentient beings, while seemingly imbuing even fertilized eggs with the sentience he won’t grant women. Even though he’s no doubt been strongly coached to try to at least mimic compassion for women, the notion that women have internal lives and experiences that matter just doesn’t seem to factor into his discussion of reproductive rights. Instead, he just falls back on talking about women as if they’re nothing but flesh-bound ovens to cook male heirs. Which, naturally, led to the same kind of minimization of rape that Akin is accused of engaging in.

Laura Flanders: Romney’s Racism: In the Gutter with Gingrich

The sixteenth anniversary of TANF hit this week, and the Republican presidential candidate spent his time lying about the president’s position on it. President Obama, Mitt Romney insists, stripped the work requirements out of the temporary assistance program that replaced welfare for poor families under Bill Clinton in 1996.

Although every fact-check has shown he’s wrong, Romney and the Romney-phile propaganda groups keep pounding away at their message with ads like this one:

Unidentified male: “Under Obama’s plan you wouldn’t have to work and you wouldn’t have to train for a job. They just send you your welfare check.”

The president’s responded in typically Obaman fashion. Without wading into the welfare fray, he’s wagged his finger at Romney’s facts: “You just can’t make stuff up….” On the campaign trail this week, the Democrat beat the drum for “more popular” government programs, like those for seniors and students. He’s closing all his rallies with Bruce Springsteen’s rousing paean to solidarity, “We Take Care of Our Own.”

Leslie Savan: Even GOP Guvs Admit that Romney’s Welfare Ads Are False

Governor Rick Snyder (R-MI) as much as admitted that Mitt Romney’s race-baiting claim that President Obama is “gutting” work requirements in the welfare program is a load of manure.

He didn’t use those words, of course, but when Tom Brokaw asked Snyder about the program at the Republican convention this afternoon, the governor had only positive things to say about it.

This is the same program that Romney insists Obama is using to “shore up his base.” (Read: black people.) As one of Romney’s five welfare ads says, “Under Obama’s plan, you wouldn’t have to work and wouldn’t have to train for a job. They just send you a welfare check. And welfare-to-work goes back to being plain old welfare.”

To back up, the Obama administration recently announced that states could apply for waivers from the 1996 welfare reform law in order to find alternative ways to help welfare recipients find work. Nothing is gutted, the work requirement stands, and in fact, in2005, 29 governors-including Governor Romney-asked for even more flexibility in how they applied the welfare law.

Liliana Segura: In Sentencing Criminals, Is Norway Too Soft? Or Are We Too Harsh?

It’s not very often the concept of restorative justice gets much play outside scholarly publications or reformist criminal justice circles, so first, some credit for Max Fisher at The Atlantic for giving it an earnest look last week. In seeking to explain Norway’s seemingly measly twenty-one-year sentence for remorseless, mass-murdering white supremacist Anders Breivik-a sentence that is certain to be extended to last the rest of his life-Fisher casts a critical eye on the underlying philosophy that animates that country’s sentencing practices, finding it to be “radically different” from what we’re used to in the United States. When it comes to criminal sentencing, he notes, the United States favors a retributive model-in which an offender must be duly punished for his crimes-over a restorative model that “emphasizes healing: for the victims, for the society, and, yes, for the criminal him or herself.”

“I don’t have an answer for which is better,” he says at the outset, acknowledging that his own sense of outrage over Breivik’s sentence-like that of many Americans-“hints at not just how different the two systems are, but how deeply we may have come to internalize our understanding of justice, which, whatever its merits, doesn’t seem to be as universally applied as we might think.”

Jessica Valenti: Fantasy Women of the GOP

As the “war on women” continues, my sole comfort has been watching dumbfounded Republicans try to explain away the misogyny that’s so foundational to their agenda.

In the midst of the fallout over Todd Akin’s comments claiming “legitimate” rape victims are unlikely to get pregnant, the science-whiz whined to Mike Huckabee in a radio interview that he “made a single error in one sentence.” He was frustrated that people “are upset over one word spoke in one day in one sentence.”

Bryan Fischer, a spokesperson from the American Family Association, complained about the Akin backlash, saying, “You talk about somebody being a victim of forcible assault, that would be Todd Akin.” Mitt Romney denounced Akin’s remarks as “insulting” and “inexcusable,” but accused the Obama campaign of trying to link Akin to the GOP as a whole, calling it “sad” and that the move stooped “to a low level.”

But what Romney, Akin, and their ilk don’t understand is that women’s anger isn’t about “one word” or one politician-it’s about an ethos, a Republican ideology steeped in misogyny and willful ignorance.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Lydia Netzer: The Man in the Moon

MOST technological advances are actually just improvements. One thing builds on the next: from shoddy to serviceable, from helpful to amazing. First you had a carriage, then a car, and then an airplane; now you have a jet. You improve on what is there. Technological advances are like that.

Except for the one that involved landing on the Moon. When a human went and stood on the Moon and looked back at the Earth, that was a different kind of breakthrough. Nothing tangible changed when Neil Armstrong’s foot dug into the lunar dust and his eyes turned back at us. We didn’t get faster wheels or smaller machines or more effective medicine. But we changed, fundamentally. What had been unknown, was known. What had been unseen was seen. And our human horizon popped out 200,000 miles. Forever, we would see the Earth differently, because we had seen it from someplace truly foreign.

This is why Mars is important. When we get a human to Mars – in the next few decades, NASA has predicted – our horizon will expand 1,000 times farther, and it will never go back.

New York Times Editorial: The Storm, Again

Tropical Storm Isaac is more than just a logistical inconvenience for Republicans gathered in Tampa: it is a powerful reminder both of Republican incompetence in handling Hurricane Katrina seven years ago, and the party’s no-less-disastrous plans to further cut emergency-related spending.

That is not something you will hear Paul Ryan talk about this week at the convention, nor any of the other lawmakers who make simplistic promises about the power of slashing government spending. But the budgets assembled by Mr. Ryan and warmly embraced by Mitt Romney severely cut spending for emergency preparedness, exactly the kind of money needed in Louisiana, Mississippi, Alabama and scores of other states for this and future storms. [..]

One of the themes of the Tampa convention will be the failure of government, and the prosperity that will result if it is cut to ribbons. But in a different corner of the television screen, the winds of Isaac are a reminder of the necessity of government – its labor, its expertise, its money – in the nation’s most dire moments. It is hard to forget what happened to New Orleans when that Republican philosophy was followed in 2005, and it will be harder still to explain how it might be allowed to happen again.

Robert Reich: George W. Bush as Hurricane Isaac

There is nothing Republicans would rather the American people forget more than George W. Bush, who doesn’t even have a bit-part at the GOP convention opening in Tampa.

But W’s ghost may be there, anyway.

The National Weather Service says tropical storm Isaac is now heading for New Orleans, and Isaac is projected to become a Category 1 hurricane by the time it makes landfall late Monday or early Tuesday.

Isaac is very likely to revive memories of the Bush administration’s monumental incompetence in dealing with the needs of Americans caught in Hurricane Katrina.

Richard (RJ) Eskow: Why Is God Punishing The GOP With Storms? Three Wrath-Provoking Possibilities

When Hurricane Gunter tormented Republicans during their 2008 convention, one of the ecancellations caused by the storm was a speech from outgoing President George W. Bush. He’s the one who famously said he didn’t need to ask his ex-President Dad for advice because “there is a higher Father I appeal to.”

Apparently that Father didn’t find President Bush all that appealing. In fact, the storm’s path shifted away from the convention immediately after his speech was cancelled. Hello, down there, is anybody listening?

This year’s Republican Convention is also being forced to shorten and change its schedule as a fearsome wind and rain bears down from the ocean. “ … A destroying storm, as a flood of mighty waters overflowing, shall cast down to the earth with the hand. The crown of pride, the drunkards of Ephraim, shall be trodden under feet.” The theological world is ablaze with speculation about what might have motivated God to send a hurricane against the Republican Party’s National Convention for the second time in a row.

Okay, maybe it’s not ablaze with speculation. But it should be. After all, it was Republican preacher Pat Robertson who expressed the idea that hurricanes and storms are God’s way of registering disapproval with ghuman behavior. By that reasoning, it’s clear that the GOP has displeased the Supreme Being again mightily this year.

But why? Unlike some, we claim no special answers about the nature of ultimate reality or the Deity, much less the specifics of His preferred policy proposals. But here are three possible sources for all this windborne wrath: [..]

Roger Cohen; Obama’s Team of Idolizers

NEW YORK – When Barack Obama was on the presidential campaign trail the first time, he used the title of Doris Kearns Goodwin’s Lincoln biography, “Team of Rivals,” to describe the entourage he would seek at the White House, a combative group from across the political spectrum who would challenge his every idea. [..]

Well, four years have passed and Obama has adroitly steered the bankrupted United States he inherited away from the precipice but has not provided a “different future” worthy of the hope invested in him; and that imagined team of rivals became a team, or rather a coterie, of idolizers.

There is only one star in the galaxy at this White House and his name is Barack Obama. Everyone in the Sun King’s court has drunk the Kool-Aid.

Eugene Robinson: The Great Medicare Switcheroo

TAMPA, Fla.-Who knew? In the hall-of-mirrors parallel universe where the Republican National Convention is taking place, the GOP stands tall and proud as the party of Medicare.

I’m still a little confused about the historical timeline in this alternate reality. Was it President Goldwater who signed into law the nation’s health care guarantee for seniors? Was it President Dole who made sure the program remained solvent? Did John McCain win in 2008?

It must be that in RNC World, the past simply doesn’t exist. There is no other explanation for all the Great Society rhetoric coming from Republicans who once claimed to favor small government, limited entitlements and a balanced budget.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

New York Times Editorial: Paul Ryan’s Social Extremism

Mitt Romney, who will be officially nominated this week as the Republican nominee for president, appears to trim his social convictions to the party’s prevailing winds. There is no doubt, however, about where the party’s vice-presidential candidate stands. A long history of social extremism makes Paul Ryan an emblem of the Republican tack to the far right.

Mr. Romney’s choice of Mr. Ryan carried some risks, considering Mr. Ryan’s advocacy of overhauling Medicare, but it has sent the strongest signal of solidarity to those who have made the party unrecognizable to moderates. Strident conservatives had been uneasy with Mr. Romney, but it is the rest of the country that should be nervous about conservatives’ now-enthusiastic acceptance of the Republican ticket.

Bill Moyers and Michael Winship: Invisible Americans Get the Silent Treatment

It’s just astonishing to us how long this campaign has gone on with no discussion of what’s happening to poor people. Official Washington continues to see poverty with tunnel vision – “out of sight, out of mind.”

And we’re not speaking just of Paul Ryan and his Draconian budget plan or Mitt Romney and their fellow Republicans.  Tipping their hats to America’s impoverished while themselves seeking handouts from billionaires and corporations is a bad habit that includes President Obama, who of all people should know better. [..]

We know, we know: It is written that, “The poor will always be with us.” But when it comes to our “out of sight, out of mind” population of the poor, you have to think we can help reduce their number, ease the suffering, and speak out, with whatever means at hand, on their behalf and against those who would prefer they remain invisible. Speak out:  that means you and me, and yes, Mr. President, you, too. You once told the big bankers on Wall Street that you were all that stood between them and the pitchforks of an angry public. How about telling the poor you will make sure our government stands between them and the cliff?

Paul Krugman: The Comeback Skid

There will be two big stars at the Republican National Convention, and neither of them will be Mitt Romney. One will, of course, be Paul Ryan, Mr. Romney’s running mate. The other will be Chris Christie, the governor of New Jersey, who will give the keynote address. And while the two men could hardly look or sound more different, they are brothers under the skin.

How so? Both have carefully cultivated public images as tough, fiscally responsible guys willing to make hard choices. And both public images are completely false.

I’ve written a lot lately deconstructing the Ryan myth, so let me turn today to Mr. Christie. [..]

Katrina vanden Heuvel: Why Subsidize CEOs?

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

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

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

Simon Johnson: One Man Against The Wall Street Lobby

Two diametrically opposed views of Wall Street and the dangers posed by global megabanks came more clearly into focus last week. On the one hand, William B. Harrison, Jr. — former chairman of JP Morgan Chase — argued in the New York Times that today’s massive banks are an essential part of a well-functioning market economy, and not at all helped by implicit government subsidies.

On the other hand, there is a new powerful voice who knows how big banks really work and who is willing to tell the truth in great and convincing detail. Jeff Connaughton — a former senior political adviser who has worked both for and against powerful Wall Street interests over the years — has just published a page-turning memoir that is also a damning critique of how Wall Street operates, the political capture of Washington, and our collective failure to reform finance in the past four years. The Payoff: Why Wall Street Always Wins, is the perfect antidote to disinformation put about by global megabanks and their friends. [..]

Mr. Harrison makes strong claims. All of his arguments are demonstrably false. If you think Mr. Harrison and the other defenders of megabanks have even the slightest veneer of plausibility, you must read Jeff Connaughton’s book.

Load more