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”.

Paul Krugman: G.O.P. Monetary Madness

When it comes to views on economics, Republicans have been consistent, clear and wrong.When it comes to views on economics, Republicans have been consistent, clear and wrong.

Apparently the desperate search of Republicans for someone they can nominate not named Willard M. Romney continues. New polls suggest that in Iowa, at least, we have already passed peak Gingrich. Next up: Representative Ron Paul.

In a way, that makes sense. Mr. Romney isn’t trusted because he’s seen as someone who cynically takes whatever positions he thinks will advance his career – a charge that sticks because it’s true. Mr. Paul, by contrast, has been highly consistent. I bet you won’t find video clips from a few years back in which he says the opposite of what he’s saying now.

Unfortunately, Mr. Paul has maintained his consistency by ignoring reality, clinging to his ideology even as the facts have demonstrated that ideology’s wrongness. And, even more unfortunately, Paulist ideology now dominates a Republican Party that used to know better.

New York Times Editorial: Politics Over Principle

President Obama has caved in to political pressure and will sign a dangerous bill that will make indefinite detention and military trials part of American law.

The trauma of Sept. 11, 2001, gave rise to a dangerous myth that, to be safe, America had to give up basic rights and restructure its legal system. The United States was now in a perpetual state of war, the argument went, and the criminal approach to fighting terrorism – and the due process that goes along with it – wasn’t tough enough.

President George W. Bush used this insidious formula to claim that his office had the inherent power to detain anyone he chose, for as long as he chose, without a trial; to authorize the torture of prisoners; and to spy on Americans without a warrant. President Obama came into office pledging his dedication to the rule of law and to reversing the Bush-era policies. He has fallen far short.

Fallen short? He has embraced and strengthened the worst of the Bush agenda.

William K. Black: Dante’s Divine Comedy: Banksters Edition

Sixty Minutes‘ December 11, 2011 interview of President Obama included a claim by Obama that, unfortunately, did not lead the interviewer to ask the obvious, essential follow-up questions.

   “I can tell you, just from 40,000 feet, that some of the most damaging behavior on Wall Street, in some cases, some of the least ethical behavior on Wall Street, wasn’t illegal.”

Obama did not explain what Wall Street behavior he found least ethical or what unethical Wall Street actions he believed was not illegal. It would have done the world (and Obama) a great service had he been asked these questions. He would not have given a coherent answer because his thinking on these issues has never been coherent. If he had to explain his position he, and the public, would recognize it was indefensible. I offer the following scale of unethical banker behavior related to fraudulent mortgages and mortgage paper (principally collateralized debt obligations (CDOs)) that is illegal and deserved punishment. I write to prompt the rigorous analytical discussion that is essential to expose and end Obama and Bush’s “Presidential Amnesty for Contributors” (PAC) doctrine. The financial industry is the leading campaign contributor to both parties and those contributions come overwhelmingly from the wealthiest officers – the one-tenth of one percent that thrives by being parasites on the 99 percent.

Robert Sheer: Christopher Hitchens: Reason in Revolt

Hitch is dead. Not, obviously, his brilliant body of work, or the stunning examples of a grand and unfettered intellect that will forever survive him, as will the indelible record of his immense wit and passion. But, sadly, a life force that I had assumed as an indissoluble part of our political and literary landscape, as well as my own close circle of friends, has ended, and with it an indispensable element of our collective moral code.

Christopher Hitchens could be wrong; we had harsh public debates about the Iraq war, but I never doubted that, even then, he was coming from a good place of humane concern. In that instance, he allowed his great compassion for the Kurds and his justifiable loathing of Saddam Hussein to overwhelm a lifetime of opposition to the arrogant assumptions of America’s neo-colonialism. Despite the vehemence of our debates, both public and personal, he and his saving grace and wife, Carol Blue, held a gathering at their home to discuss a book I wrote on the subject. This was a man unafraid of intellectual challenge and committed to pursuing the heart of the matter.

That was his driving force, a seeker of truth to the end, and a deservedly legendary witness against the hypocrisy of the ever-sanctimonious establishment. What zeal this man had to eviscerate the conceits of the powerful, whether their authority derived from wealth, the state, or a claim to the ear of the divine.

Eugene Robinson: Been There, Thought That

Can we please bury the notion that Newt Gingrich is some kind of deep thinker? His intellect may be as broad as the sea, but it’s about as deep as a birdbath.

I’m not saying the Republican presidential front-runner is unacquainted with ideas. Quite the contrary: Ideas rain through his brain like confetti, escaping at random as definitive pronouncements about this or that. But they are other people’s ideas, and Gingrich doesn’t bother to curate them into anything resembling a consistent philosophy. Given enough time, I’m convinced, he will take every position on every issue.

Bill Boyarsky: Bernie Sanders Explains Why Congress Fears Citizens United

It took just 12 minutes and 29 seconds on the Senate floor Sunday for Sen. Bernie Sanders to expose the real power of corporate America over our elections. It should be a rallying cry for the embattled minority trying to clean up the system.

Sanders, the Senate’s only Independent, was speaking on behalf of his proposed constitutional amendment that would overturn the U.S. Supreme Court’s devastating Citizens United decision, which permits corporations, unions and issue advocacy organizations to spend unlimited amounts of money from their own funds to support or oppose candidates.

George Zornick: Republicans Intensify Attacks on the Nuclear Safety Chief

If there was any doubt that an imbroglio around the leadership of Gregory Jaczko, chairman of the Nuclear Regulatory Commission, would be used to try to force his ouster from that agency, a Wednesday hearing before a House panel removed it.

All five members of the NRC appeared before the House Committee on Oversight and Government Reform, which is chaired by Representative Darrell Issa. Four commissioners publicly aired their grievances about Jaczko’s leadership, which include charges of bullying and intimidation of staff, along with refusing to share information with fellow commissioners.

Jaczko said he did nothing wrong, and cited a report from the NRC inspector general clearing him of legal wrongdoing when it came to sharing information among his colleagues. But Republicans went directly for the jugular.

Joe Conason: The Republican Closet That Won’t Stay Closed

If these are the last weeks of Rick Perry’s ridiculous presidential campaign, his desperation is turning him into a nasty clown indeed. By publicly attacking the gays and lesbians who have chosen to serve their country in uniform, the Texas governor seems to have gained ground in Iowa. But at what cost did he win a few points that still leave him well below the top tier? His pollster and consultant Tony Fabrizio has been “outed,” rightly or wrongly-and worse still, the swinging closet door of the Republican Party has been flung open again. Who else will be found inside?

From the days of the Cold War, when reigning mischief-maker Roy Cohn was bedding boys and denouncing gays as “sissies,” through the hidden homosexual history that leads from Marvin Liebman, co-founder of the National Review to Arthur Finkelstein, the ad man behind the ’80s conservative revival, to the defection of former “hit man” David Brock, to Ken Mehlman, the Bush-era party chairman who didn’t dare (until recently) to speak of his own true nature, and even Karl Rove, who ran gay-baiting campaigns despite his own father’s orientation, Republicans have repeatedly watched their own intellectual and political leaders embarrassed by what emerges from that capacious closet.

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”.

Glenn Greenwald: Bradley Manning deserves a medal

The prosecution of the whistleblower and alleged WikiLeaks source Bradley Manning is an exercise in intimidation, not justice

After 17 months of pre-trial imprisonment, Bradley Manning, the 23-year-old US army private and accused WikiLeaks source, is finally going to see the inside of a courtroom. This Friday, on an army base in Maryland, the preliminary stage of his military trial will start.

He is accused of leaking to the whistleblowing site hundreds of thousands of diplomatic cables, war reports, and the now infamous 2007 video showing a US Apache helicopter in Baghdad gunning down civilians and a Reuters journalist. Though it is Manning who is nominally on trial, these proceedings reveal the US government’s fixation with extreme secrecy, covering up its own crimes, and intimidating future whistleblowers. [..]

Despite pledging to usher in “the most transparent administration in history”, President Obama has been obsessed with prosecuting whistleblowers; his justice department has prosecuted more of them for “espionage” than all prior administrations combined.

The oppressive treatment of Manning is designed to create a climate of fear, to send a signal to those who in the future discover serious wrongdoing committed in secret by the US: if you’re thinking about exposing what you’ve learned, look at what we did to Manning and think twice. The real crimes exposed by this episode are those committed by the prosecuting parties, not the accused. For what he is alleged to have given the world, Manning deserves gratitude and a medal, not a life in prison.

Robert Sheer: There Goes the Republic

Once again the gods of war have united our Congress like nothing else. Unable to agree on the minimal spending necessary to save our economy, schools, medical system or infrastructure, the cowards who mislead us have retreated to the irrationalities of what George Washington in his farewell address condemned as “pretended patriotism.”

The defense authorization bill that Congress passed and President Obama had threatened to veto will soon become law, a fact that should be met with public outrage. Human Rights Watch President Kenneth Roth, responding to Obama’s craven collapse on the bill’s most controversial provision, said, “By signing this defense spending bill, President Obama will go down in history as the president who enshrined indefinite detention without trial in US law.” On Wednesday, White House Press Secretary Jay Carney claimed “the most recent changes give the president additional discretion in determining how the law will be implemented, consistent with our values and the rule of law, which are at the heart of our country’s strength.”

What rubbish, coming from a president who taught constitutional law. The point is not to hock our civil liberty to the discretion of the president, but rather to guarantee our freedoms even if a Dick Cheney or Newt Gingrich should attain the highest office.

(emphasis mine)

New York Times Editorial: Holder Speaks Up for Voting Rights

For months, the Justice Department has largely been silent as Republican-dominated legislatures in state after state made it harder for minorities, poor people and other Democratic-leaning groups to vote. On Tuesday, however, Attorney General Eric Holder Jr. spoke out forcefully and promised to use the full weight of his department to ensure that new electoral laws are not discriminatory. To live up to that vow, he will have his hands full.

Republican lawmakers in more than a dozen states have recently enacted laws designed to limit Americans’ access to the polls, often concentrating on voters – blacks, Hispanics, students and the poor – who showed up in large numbers in 2008 to elect Barack Obama. They have imposed strict voter-ID requirements, knowing that millions of people cannot easily meet them; eliminated early voting periods; and restricted registration drives. (Voter ID laws have been introduced in at least 34 states.)

What the hell took Holder so long?

John R. McArthur: President Obama Richly Deserves to Be Dumped

As evidence of a failed Obama presidency accumulates, criticism of his administration is mounting from liberal Democrats who have too much moral authority to be ignored.

Most prominent among these critics is veteran journalist Bill Moyers, whose October address to a Public Citizen gathering puts the lie to our barely Democratic president’s populist pantomime, acted out last week in a Kansas speech decrying the plight of “innocent, hardworking Americans.” In his talk, Moyers quoted an authentic Kansas populist, Mary Eizabeth Lease, who in 1890 declared, “Wall Street owns the country.. . .Money rules.. . .The [political] parties lie to us and the political speakers mislead us.”

A former aide to Lyndon Johnson who knows politics from the inside, Moyers then delivered the coup de grace: “[Lease] should see us now. John Boehner calls on the bankers, holds out his cup, and offers them total obeisance from the House majority if only they fill it. Barack Obama criticizes bankers as fat cats, then invites them to dine at a pricey New York restaurant where the tasting menu runs to $195 a person.”

Paul Krugman: In the US, Decidedly Warped Standards for “Mission Accomplished”

Matt Yglesias and Kevin Drum say the right thing about revelations that big banks got very easy terms during the 2008 financial crisis: the real scandal isn’t so much that those banks got rescued as that the rest of the population didn’t. [..]

What’s unforgivable is the way policy makers, both at the Fed and elsewhere, basically declared Mission Accomplished as soon as the panic in financial markets subsided and stocks were up again. When spring rolls around, we’ll reach the third anniversary of a declaration from Ben Bernanke, chairman of the Fed, that “green shoots” were making an appearance – and there will still be 4 million Americans who have been out of work for more than a year. Yet there has been no sense of urgency about dealing with unemployment; indeed, most of the elites’ conversation has been about stuff like cutting Social Security payments a decade or two from now.

As Mr. Drum says, that’s the true radicalizing experience.

Robert Reich: Newt’s Tax Plan, and Why His Polls Rise the More Outrageous He Becomes

Newt Gingrich has done it again. With his new tax plan he has raised the bar from irresponsibility to recklessness.

Every dollar estimate I’m about to share with you comes from the independent, non-partisan Tax Policy Center – a group whose estimates are used by almost everyone in Washington regardless of political persuasion.

First off, Newt’s plan increases the federal budget deficit by about $850 billion – in a single year!

To put this in perspective, most forecasts of the budget deficit cover ten years.  The elusive goal of the White House and many on both sides of the aisle in Congress is to reduce that ten-year deficit by 3 to 4 trillion dollars.

Newt goes in the other direction, with gusto. Increasing the deficit by $850 billion in a single year is beyond the wildest imaginings of the least responsible budget mavens within a radius of three thousand miles from Washington.

Gail Collins: Mitt’s Zest for Zings

Mitt Romney arrived in New York City on Wednesday, newly endorsed by Christine O’Donnell, who we have not seen since her not-a-witch race for the U.S. Senate. She praised Romney for having “been consistent since he changed his mind.” I so miss Christine O’Donnell.

Romney was in town to raise money. Iowa and New Hampshire get the love; we get the traffic jams. ‘Twas ever thus. We’re not bitter, really.

However, he did sit down with The Times’s Jeff Zeleny and Ashley Parker to compare himself to Newt Gingrich. (The above-the-fray Mitt is so November.) “Zany is not what we need in a president,” he said.

I would say this is an extremely safe position for Romney to take because the odds are very good that no one has ever called Mitt zany in his entire life. Unless it was when he drove to Canada with the family dog strapped to the roof of the station wagon. (“Hey, Mister, you got an Irish setter on top of your car. What are you, zany or something?”)

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”.

Katrina vanden Heuvel: Russia’s Great December Evolution

On December 10, in what one Russian blogger called “The Great December Evolution”-a play on the Bolsheviks’ Great October Revolution-tens of thousands of people protested peacefully in central Moscow. It was the most striking display of grassroots democracy and activism since the early 1990s. Police showed restraint, and Moscow’s mayor even provided free bus rides to protesters who had arrived at the wrong location. “Everything is flowing and changing,” a Russian friend e-mailed me Sunday night. [..]

The air of infallibility Putin has enjoyed-and counted on -for the past decade is deflated.

Also gone is the nearly unconditional support most Russians had not just for Putin but for the system he has built and presided over in the past decade. That system, at least in the popular thinking, and according to legitimate polls, brought stability and prosperity after the chaos and poverty of Yeltsin’s 1990s. But for many Russians, especially younger ones, those days are a fading memory and the quest for political and free speech rights is sharpening. The involvement of so many young people in Moscow’s protests is, as one journalist put it, “a game-changer….All at once, a generation understood it has two options: to leave the country, or to start the struggle.”

Amy Goodman: Climate Apartheid

Despite the pledges by President Barack Obama to restore the United States to a position of leadership on the issue of climate change, the trajectory from Copenhagen in 2009, to Cancun in 2010, and, now, to Durban reinforces the statement made by then-President George H.W. Bush prior to the Rio Earth Summit in 1992, the forerunner to the Kyoto Protocol, when he said, “The American way of life is not up for negotiation.”

The “American way of life” can be measured in per capita emissions of carbon. In the U.S., on average, about 20 metric tons of CO2 is released into the atmosphere annually, one of the top 10 on the planet. Hence, a popular sticker in Durban read “Stop CO2lonialism.” [..]

So it seems U.S. intransigence, its unwillingness to get off its fossil-fuel addiction, effectively killed Kyoto in Durban, a key city in South Africa’s fight against apartheid. That is why Anjali Appadurai’s closing words were imbued with a sense of hope brought by this new generation of climate activists:

“[Nelson] Mandela said, ‘It always seems impossible, until it’s done.’ So, distinguished delegates and governments around the world, governments of the developed world, deep cuts now. Get it done.”

Carole Joffe: Facebook Twitter You Tube RSS Email Updates

Vulnerable Women and Contraception: Obama Turns Clock Back Nearly 100 Years

“For a woman to ‘ask her physician’ for a safe and effective contraceptive  presupposed that she had a physician, that she could afford a contraceptive, and that the physician would be willing to give it to her, regardless of her marital status.”

These are the words of the historian Sheila Rothman, writing about the setbacks Margaret Sanger faced in the 1920s and 1930s in trying to realize her vision of making birth control widely available to all women, including the poorest-and about the ultimate “ownership” of contraceptive services during that era by physicians. Sanger’s original vision was a fleet of clinics, to be run by public health nurses. But as Rothman and others have documented, when she attempted to open such clinics, she experienced repeated arrests and the closures of her facilities, as contraception was then illegal. In the years leading up to the 1965 Supreme Court Griswold decision, which legalized birth control for married persons, only physicians were legally permitted to provide such services, and as the quote from Rothman implies, this situation put poor women at a tremendous disadvantage.

Rothman’s critique, written in the 1970s about events in the ’20s and ’30s,  is remarkably relevant to today’s leading reproductive controversy: the Obama administration’s overruling of the FDA decision to allow over-the-counter status of Plan B, an Emergency Contraceptive product, for young women under the age of seventeen. If one substitutes “teenager” for “woman” and “Plan B” for “a safe and effective contraceptive” in Rothman’s quote, one can readily appreciate how, once again in America’s longstanding reproductive wars, the needs of the most vulnerable are willfully neglected.

Laura Flanders: What a Difference an Occupation Makes

It was never a genuine question. Money media prattled on about Occupy Wall Street’s supposedly ineffable demands the same way they batted aside the end capitalism signs to wonder what the Seattle protesters had on their minds. That said, the Occupy movement has always been more about doing than demanding and this week, OWS stepped it up another notch.

On December 6, OccupyYourHomes joined with local community organizers to take on the housing crisis. In twenty-five cities, protesters interrupted house auctions, blocked evictions and occupied foreclosed homes. In East New York they moved Alfredo Carrasquillo, Tasha Glasgow and their two children into a foreclosed home that had stood empty for three years. I attended the action Tuesday and couldn’t drag myself away. Even as the rain drizzled and the temperature sank, I watched the numbers of protesters grow and thought of the many, many members of underfunded community groups I’ve spoken to over the years. Among those, Community Voices Heard, New York Communities for Change, Picture the Homeless, Organize for Occupation, VOCAL-NY and Reclaim the Land. They talked on GRITtv about toxic loans and targeted neighborhoods, forced foreclosures, fear and the general lack of national interest.

Karen Greenberg: How Terrorist ‘Entrapment’ Ensnares Us All

When the government gets in the business of playing along with terror plots, it’s not just justice that suffers – but our safety

Two weeks ago, Jose Pimentel was arrested as an alleged terrorist bomb-maker as a result of an NYPD sting. Within hours of the arrest, his attorney raised the prospect of a possible entrapment defense. Last month, when Mansour Arbabsiar was indicted for trying to assassinate the Saudi ambassador to the United States on behalf of Iran, he, too, was the subject of a sting, in this case by the FBI, and he claimed entrapment. These are but the latest iterations of dozens of terrorism cases that have come through the system with varying degrees of “entrapment” claims by the defense at the time of arrest. The Fort Dix case from New Jersey in 2007, and the more recent instances of the sole terrorism suspects in Portland, Washington, DC and Baltimore are among the many cases in which some sort of entrapment was alleged (at least, at the outset).

This is a problem in a counterterrorism world where law enforcement relies on preventive stings as its main strategy. By definition, the strategy precludes a defense. Legally, entrapment is mostly about the suspect’s predisposition because the other element of entrapment, inducement by the government to commit the crime, is usually not disputed. Thus, if the government can show that the defendant was inclined to the crime, then the entrapment-by-inducement defense cannot prevail in court. In a terrorism case, the fact of being willing to commit an act of terrorism is seen as predisposition, no matter how much of a Catch-22 this may be. As a result, lawyers rarely choose to mount the defense.

Mary Bottari FOX News, OWS, Banksters, and Bombs

Last week, tragedy was averted when savvy security at Deutsche Bank (DB) in Frankfurt, Germany, spotted a suspicious package and sequestered a letter bomb intended for the DB CEO. This was the second time Deutsche Bank was attacked in this manner. In 1989, their CEO was killed by a bomb later traced to violent extremists in Germany’s Red Army Faction.

Scanning the horizon for someone to blame for the latest attack on Germany’s largest bank, FOX news pundit Dan Gainor worked “the Internets.” Did he detail Deutsche Bank’s track record of making friends by ripping off consumers and foreclosing on their homes? Did he mention that Deutsche Bank stirred public ire when it was bailed out by multiple governments, including two billion from the U.S. Federal Reserve? Did he even bother to notice that it was widely reported that an Italian anarchist group had already claimed responsibility for the attack?

No. In his piece on FOX News, “Left, Obama Escalate War on Banks Into Dangerous Territory,” Gainor decided to go after the bank-busting activists at the Center for Media and Democracy in Madison, Wisconsin, specifically our BanksterUSA.org site, because the Bankster masthead is riddled with bullet holes.

Miriam Pemberton: Military Spending is the Weakest Job Creator

Even before the supercommittee’s demise, the defense industry and its Pentagon and congressional allies were making preemptive strikes on the next phase: the automatic cuts, half of them from defense, that are supposed to follow the supercommittee’s failure. And with national unemployment rates stuck near 9 percent, the effect of these cuts on jobs has loomed large in their sights.

The largest defense industry trade association, the Aerospace Industries Association, recently funded a study predicting $1 trillion in military cuts over 10 years would add 0.6 percent to the national unemployment rate. The Pentagon then funded its own study that conveniently rounded that prediction up to an even 1 percent.

The glaring flaw in these studies is that they make claims about the effect on the economy as a whole as if these military cuts were being made in a vacuum.

Punting the Pundits

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

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

New York Times Editorial: Targeting the Unemployed

The latest Republican plan might extend the payroll tax cut and unemployment benefits, but it would do so at the expense of vulnerable Americans.

The House Republican leadership managed to get one thing right in its bill to extend the payroll tax cut and unemployment benefits. The bill does, indeed, extend the payroll tax cut for another year, but, beyond that, there is a lot to dislike. To help pay for the package, for instance, the bill would cut social spending more deeply than is already anticipated under current budget caps without asking wealthy Americans to contribute a penny in new taxes.

It also holds the expiring provisions hostage to irrelevant but noxious proposals to undo existing environmental protections. Worse, it would make unemployment compensation considerably stingier than it is now.

Michael Hudson: Europe’s Transition From Social Democracy to Oligarchy

The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk submitting their plans to democratic vote after Icelanders twice refused in 2010-11 to approve their government’s capitulation to pay Britain and the Netherlands for losses run up by badly regulated Icelandic banks operating abroad. Lacking such a referendum, mass demonstrations were the only way for Greek voters to register their opposition to the €50 billion in privatization sell-offs demanded by the European Central Bank (ECB) in autumn 2011.

The problem is that Greece lacks the ready money to redeem its debts and pay the interest charges. The ECB is demanding that it sell off public assets – land, water and sewer systems, ports and other assets in the public domain, and also cut back pensions and other payments to its population. The “bottom 99%” understandably are angry to be informed that the wealthiest layer of the population is largely responsible for the budget shortfall by stashing away a reported €45 billion of funds stashed away in Swiss banks alone. The idea of normal wage-earners being obliged to forfeit their pensions to pay for tax evaders – and for the general un-taxing of wealth since the regime of the colonels – makes most people understandably angry. For the ECB, EU and IMF “troika” to say that whatever the wealthy take, steal or evade paying must be made up by the population at large is not a politically neutral position. It comes down hard on the side of wealth that has been unfairly taken.

Dean Baker: A Tale of Two Deficit Charts

Not long after I first came to Washington 20 years ago I was at a conference dealing with Social Security privatization. One of the panelists used a number for the administrative costs of private accounts that was far lower than the numbers I had seen in the literature. After the panel, I asked one of the other panelists about her best estimate of the administrative costs of private accounts. She said that this depended on whether I was interested in advocacy or policy.

I was somewhat taken aback by her response, but after a moment I told her that I was interested in accuracy. I have always felt that this is the best approach to policy questions.

Accuracy has not featured prominently in Washington budget debates in recent decades. There is an enormous amount of misunderstanding about the deficit, much of it deliberately promoted by politicians. We hear endless tales of out-of-control government spending and chronic deficits. This is nonsense as the data clearly show, but unfortunately both parties have an interest in promoting the deceptions.

Jim Hightower: Don’t Call Gingrich a “Lobbyist”

Gingrich, his lawyers, and his staff adamantly insist that it’s rude and crude to call him a lobbyist.

Mea culpa, I misspoke, my bad. I stand corrected. I have called Newt Gingrich a lobbyist.

Apparently, he hates that tag, even though he has indeed gotten very wealthy by taking big bucks from such special interest outfits as IBM, Astra Zeneca, Microsoft, and Siemens in exchange for helping them get favors from federal and state governments.

But Gingrich, his lawyers, and his staff adamantly insist that it’s rude and crude to call him a lobbyist. No, no, they bark, the Newt is “a visionary.”

Eugene Robinson: A Mild Victory in Durban

I’m inclined to believe that the apparent result of the climate change summit in Durban, South Africa, might turn out to be a very big deal. Someday. Maybe.

That’s my view, but it’s hardly universal. After the meeting ended Sunday, initial reaction basically ranged from “Historic Breakthrough: The Planet Is Saved” to “Tragic Failure: The Planet Is Doomed.” Such radically different assessments came from officials and activists who have the same general view of climate change-that it’s real and something must be done about it-and who fully understand the agreement that the delegates in Durban reached.

The optimists and the pessimists disagree mostly on what they believe governments can do to curb the carbon and methane emissions that are warming the atmosphere, and when they are likely to do it. My conclusion is that for now, at least, the conceptual advance made in Durban is as good as it gets.

Ari Berman: ‘Occupy the Voting Booth’-Thousands March to Protect the Vote

Tomorrow Attorney General Eric Holder will gave a major speech on voting rights at the LBJ presidential library in Austin. According to the library, “Holder will discuss the importance of ensuring equal access to the ballot box and strengthening America’s long tradition of expanding the franchise.”

Holder’s speech could not come at a more critical time. Over the last year we’ve witnessed an unprecedented GOP war on voting, with a dozen Republican governors and state legislators passing laws to restrict voter registration drives, require birth certificates to register to vote, curtail early voting, mandate government-issued photo IDs to cast a ballot and disenfranchise ex-felons who’ve served their time. The Brennan Center for Justice has estimated that “these new laws could make it significantly harder for more than 5 million eligible voters to cast ballots in 2012,” and notes that “these new restrictions fall most heavily on young, minority and low-income voters, as well as on voters with disabilities.”

George Zornick: Meltdown at the Nuclear Regulatory Commission

Tensions at the Nuclear Regulatory Commission, the nation’s chief overseer of civilian nuclear materials, finally boiled over into public finger-pointing and accusations of malfeasance late Friday-creating what one lawmaker called “a regulatory meltdown.” It’s a messy conflict, but one thing is clear: the nuclear industry has many friends on the NRC.

On Friday, Representative Darrell Issa released a letter written in October by four of the commission’s five members. It accused the fifth member, Gregory Jaczko-who is also the NRC Chairman-of “causing serious damage” to the agency with “increasingly problematic and erratic behavior.” The commissioners feel Jaczko limited their role and bullied them in an emergency review of the nation’s nuclear facilities following the Fukushima meltdown in March.

Punting the Pundits

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

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

Paul Krugman: Depression and Democracy

It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutions are increasingly discredited. And democratic values are under siege.

On that last point, I am not being alarmist. On the political as on the economic front it’s important not to fall into the “not as bad as” trap. High unemployment isn’t O.K. just because it hasn’t hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.

Robert Reich: The Remarkable Political Stupidity of Wall Street

Wall Street is its own worst enemy. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it’s busily shredding new regulations and making the public more distrustful than ever.

The Street’s biggest lobbying groups have just filed a lawsuit against the Commodities Futures Trading Commission, seeking to overturn its new rule limiting speculative trading.

For years Wall Street has speculated like mad in futures markets – food, oil, other commodities – causing prices to fluctuate wildly. The Street makes bundles from these gyrations, but they have raised costs for consumers.

In other words, a small portion of what you and I pay for food and energy has been going into the pockets of Wall Street. It’s just another hidden redistribution from the middle class and poor to the rich.

Alexander Cockburn: Barack Obama Plays the Teddy Roosevelt Card a Little Late

When in doubt, wheel on Teddy Roosevelt. It’s article one in every Democratic president’s playbook. Roosevelt was president from 1901 to 1909. He was manly; he ranched in North Dakota and explored the Amazon. He was a rabid imperialist, charging up San Juan Hill and sending the Great White Fleet round the world. And he loved the wilderness – so long as it was suitably cleansed of Indians. “I don’t go so far as to think that the only good Indians are dead Indians,” he wrote in “The Winning of the West,” “but I believe nine out of ten are, and I shouldn’t like to inquire too closely into the case of the tenth.”

When necessary, he could play the populist rabble-rouser’s card, flaying the corporations, railing against “the malefactors of great wealth.” But on Roosevelt’s watch modern corporate America came of age.

Williams Rivers Pitt: Short Tales From Bizarro World: The GOP Primaries Edition

Bahwitabah da bang da bang diggy diggy diggy said the boogie said up jumped the Mitty…

Sorry, couldn’t help myself. You see, I was perusing the New York Daily News and came across this little gem about Mitt Romney choosing the Kid Rock song “Born Free” as his 2012 campaign anthem. “The patriotic pick,” reported the Daily News, “comes as Romney tries to shake the image that he’s a buttoned up elitist who has little in common with the average American.”

Mitt Romney and Kid Rock. Throw them together with Fred Phelps and the ghost of Lee Atwater, and you’d have the most phenomenally deranged golf foursome in the history of the universe.

Michelle Chen: Embarrassment of Riches: Conflict Diamond Regulation Breaks Down

The holiday season is a time of material pleasures, but it’s also a time to take stock of how our social values tend to be at odds with the objects we most prize.

While countless American shoppers splurge this month-probably to delude ourselves momentarily that we can still afford to indulge-the social cost of one luxury item has exposed a global crisis. The human rights group Global Witness has abandoned the Kimberly Process, the international regulatory framework aimed at restricting trafficking in “conflict diamonds.” The group argues that the process, which it helped create, is broken and ridden with loopholes.

Bill Keller: The Good Newt

At least on one issue – immigration – Newt Gingrich gets it.

Immigration is a subject that brings out the best and the worst in Americans.

As taught to my fourth-grade daughter this semester, the story of the peopling of America encourages us to celebrate our identity as the land of e pluribus unum. It reminds us of the tolerance required to coexist in a culture of many cultures. It honors the courage to uproot your life so your children can have a better one.

As it is practiced in our politics, the subject often dredges up darker feelings: tribalism, xenophobia, envy, a pull-up-the-ladder stinginess. This is not new. The English and Dutch colonists resented the immigrant waves of Irish and Germans, who resented the later waves of Italians and Poles and Jews. Polls show that Americans only halfheartedly support immigration, and less than halfheartedly in hard times.

Thomas Edsall: Let’s Not Talk About Inequality

Conservatism’s strength, its stress on the value of individual responsibility, is also its central weakness.

The right’s claim that liberalism creates a deterrent to personal initiative and generates an ethos of dependency has resonated powerfully among white swing voters crucial to the ascendance of the Republican Party over the last four decades.

As the aftereffects of the financial collapse of 2008 continue to batter the nation with high unemployment and low growth, however, the conservative message has run into headwinds.

Punting the Pundits: Sunday Preview Edition

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

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

The Sunday Talking Heads:

Up with Chris Hayes:If you are an earlier riser on weekends or, like me, up all night working, I’ve heard that Hayes is a good watch and has had some very interesting guests and discussions. Guests are not announced adding to the spontaneity of the format.

This Week with Christiane Amanpour: GOP Candidate and former ambassador to China, Jon Huntsman is This Week’s guest in Ms. Amanpour’s interview series with the potential challengers to Barack Obama.

This Week’s roundtable guests are ABC’s George Will, Democratic strategist Donna Brazile, and Republican strategist Leslie Sanchez in Washington, and Des Moines Register political columnist Kathie Obradovich from Iowa.

Face the Nation with Bob Schieffer: Guests are Republican Candidate Representative Michele Bachmann and Iowa Republican Representative Steve King. Plus a roundtable with CBS News Chief White House Correspondent Norah O’Donnell and CBS News Political Director John Dickerson

The Chris Matthews Show: This week’s guests Joe Klein, TIME Columnist; Helene Cooper, The New York Times White House Correspondent; Gillian Tett, Financial Times U.S. Managing Editor; and John Heilemann, New York Magazine National Political Correspondent.

Meet the Press with David Gregory: Guests are Republican presidential candidate Ron Paul (R-TX), Sen. Dick Durbin (D-IL) and Sen. Lindsey Graham (R-SC).

The roundtable guests are Iowa Gov. Terry Branstad, NBC News Special Correspondent Ted Koppel, NBC’s Senior Investigative Correspondent, Lisa  Myers, Republican strategist Alex Castellanos, and NBC’s Chief White House Correspondent Chuck Todd.

State of the Union with Candy Crowley: Guests are Republican Presidential candidate, former Sen. Rick Santorum, former Rep. Bob Walker (R-PA), former Gov. John Sununu (R-NH), former Obama White House Communications Director Anita Dunn and former Rep. Tom Davis (R-VA) and Postmaster general and CEO, Patrick Donahoe.

New York Times Editorial: A Pentagon the Country Can Afford

There is room to cut defense spending, if it is done with prudence and innovation.

If you listen to defense industry lobbyists, hawks in Congress and the Pentagon, the sky is falling and with it, American security. It isn’t. The failure of the “supercommittee” to reach a deficit agreement is supposed to trigger $1.2 trillion in automatic cuts in federal spending over the next decade, nearly $500 billion of that from the basic Pentagon budget. Many Republicans, and some Democrats, are already talking about getting the Pentagon off the hook. Representative Howard McKeon, chairman of the House Armed Services Committee, has promised legislation to prevent the cuts from taking effect. We are no fans of the supercommittee process, but if the Pentagon’s spending is wrestled back into rationality, it will be progress. Walking away would be a blow to Washington’s financial credibility. There is room to cut, if it is done with prudence and innovation.

Maureen Dowd: Fire and Ice Fire

Will it be a blood match between one candidate whose blood boils over and another who is bloodless?

A match between Gingrich and Obama would be fascinating: two men who grew up without their hot-tempered, hard-drinking fathers, vying to be the nation’s patriarch.

The Drama Queen versus No Drama Obama. The apocalyptic prophet versus the ambiguous president.

One hot, one cold. One struggles to stop setting fires as the other struggles to get fiery. One who’s always veering out of control, one who’s too tightly controlled. One reining it in, one letting it rip. One tamping down his pugilistic side, the other ramping it up. One channeling Ronald Reagan to seem more genial; the other channeling Harry Truman to have more spine.

One pretending to be a populist when he can’t drag himself out of Tiffany’s; the other pretending to be a populist when he’d like to be at Davos with Jamie Dimon.

Katrina vanden Heuvel: Andrew Cuomo and the Spirit of Occupy

How Occupy Wall Street made Andrew Cuomo act less like Chris Christie.

For a few weeks last month, the main outpost of Murdoch-ism in the US-the New York Post-ran the same headline on its opinion page day after day: “Read Andrew’s Lips.” It was the Post’s way of reminding New York Governor Andrew Cuomo of his “no new taxes” pledge, and the potential harm that would befall him if he reneged on it. [..]

Fast forward six months to today. The Post is in a rage, calling the Governor a “rate-fink” and-even more odious in their eyes-comparing him to his father, the first Governor (Mario) Cuomo. They’re fuming and frothing at Cuomo’s change of heart over the last week that resulted in a partial re-establishment of the millionaire’s tax. It’s almost as if after eleven months of governing like New Jersey’s Republican Governor Christie, he converted back to the Democratic principles of Connecticut’s Dan Malloy. For his part, Cuomo has cited the state’s worsening fiscal situation as the reason for the change of heart, and no doubt that played a part. But the deeper reason, and the more interesting reason, was Occupy. As the WFP’s Dan Cantor wrote recently, and as many others have likewise noted, the Occupy movement changed the conversation in America “from austerity to inequality.” And this new tax deal in Albany, which will manifestly improve the lives of many working and poor people, is a result of that changed conversation and atmosphere.

Vivian Gornick: Emma Goldman Occupies Wall Street

This is the second time in living memory that an American movement protesting social injustice has embraced her.

One afternoon in mid-October a young woman-dressed in a white Victorian shirtwaist, long black
skirt and rimless glasses shorn of earpieces-stood up in
Zuccotti Park to announce that she was Emma Goldman and that she had traveled through time to tell those gathered in the park that she loved what they were doing. Nothing in the way of OWS street theater could have better invoked the spirit of the protest than the appearance of a principled anarchist, born nearly a century and a half ago, who never considered herself more American than when she was denouncing the brutish contempt in which capitalism held the feeling life of the individual.

“Feeling” was a key word for Emma Goldman. She always said that the ideas of anarchism were of secondary use if grasped only with one’s reasoning intelligence; it was necessary to “feel them in every fiber like a flame, a consuming fever, an elemental passion.” This, in essence, was the core of Goldman’s radicalism: a lifelong faith, lodged in the nervous system, that feelings were everything. Radical politics, in fact, was the history of one’s own hurt, thwarted, humiliated feelings at the hands of institutionalized authority.

Stephen N. Xenakis: Healers, Torture and National Security

In 2004, the news that Americans had committed abuse and mistreatment in Abu Ghraib and Guantanamo was shocking. Even more alarming, were the revelations that physicians, psychiatrists, and other mental health professionals had assisted with interrogations that bordered on torture.

In the span of just two generations, the United States had drifted from condemning Nazi physicians at the Nuremberg Trials for their collusion with torture, inhuman experimentation and cruel mistreatment to justifying waterboarding in the pursuit of better intelligence.

As a retired brigadier general and Army psychiatrist, committed to a strong military and national defense, I find these scandals to be most disturbing. The complicity of psychiatrists and other physicians clearly deviated from the fundamental ethical principles of the medical profession and military medicine. My generation of soldiers, who had served during the Vietnam War, vowed not to repeat the misdeeds of the My Lai massacres and rampant indiscipline we witnessed.

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”.

John Nichols: The Koch Brothers, ALEC and the Savage Assault on Democracy

Billionaire brothers Charles and David Koch finally got their way in 2011. After their decades of funding the American Legislative Exchange Council, the collaboration between multinational corporations and conservative state legislators, the project began finally to yield the intended result.

For the first time in decades, the United States saw a steady dismantling of the laws, regulations, programs and practices put in place to make real the promise of American democracy.

That is why, on Saturday, civil rights groups and their allies will rally outside the New York headquarters of the Koch brothers to begin a march for the renewal of voting rights in America.

For the Koch brothers and their kind, less democracy is better. They fund campaigns with millions of dollars in checks that have helped elect the likes of Wisconsin Governor Scott Walker and Ohio Governor John Kasich. And ALEC has made it clear, through its ambitious “Public Safety and Elections Task Force,” that while it wants to dismantle any barriers to corporate cash and billionaire bucks’ influencing elections, it wants very much to erect barriers to the primary tool that Americans who are not CEOs have to influence the politics and the government of the nation: voting.

Paul Krugman: In the Euro Zone, Looming Catastrophe

The basic story of the euro so far is that the introduction of the currency, by creating a false sense of safety, led to large capital flows to and correspondingly large current account deficits in the southern European nations: Greece, Italy, Portugal and Spain (Ireland’s is a somewhat different, though related, story, which I won’t take on here.) See the summary picture on this page.

Now these imbalances need to be unwound. As anyone who has studied international macroeconomics can tell you, this requires two things. First, it requires a redistribution of spending, with the creditors spending more while the debtors spend less. Second, it requires a real depreciation on the part of the debtors, and a real appreciation on the part of the creditors – that is, wages and prices in the G.I.P.S. must fall relative to those in Germany.

William Rivers Pitt: The Final Indignity, the Last Insult, the Real America

Let’s start here.

   The Air Force dumped the incinerated partial remains of at least 274 American troops in a Virginia landfill, far more than the military had acknowledged, before halting the secretive practice three years ago, records show. The landfill dumping was concealed from families who had authorized the military to dispose of the remains in a dignified and respectful manner, Air Force officials said. There are no plans, they said, to alert those families now.

Think about that for a long moment.

This is a nation with a big, fat, fancy, shiny, appealing opinion of itself. The mythology of American Exceptionalism perseveres, even unto this dark and dilapidated day. We are not as others are. We are different. We are better. We honor and fete our soldiers, our veterans, our war heroes. We make movies about their bravery and their deeds, we throw parades for them annually, and when it suits us politically, we attack our political rivals for “not supporting” those who carry our banner in the field of combat.

New York Times Editorial: Europe’s Latest Try

We are not optimistic about Friday’s new fiscal pact. More discipline and coordination make sense, but first economies have to start growing.

We’re losing count of how many European Union summit meetings have ended with “historic” agreements to contain the euro-zone debt crisis only to see them fall apart as markets judged they were inadequate or irrelevant to the problem of making good on old debts and generating enough growth to pay off future obligations.

We are not optimistic that Friday morning’s agreement on a “new fiscal compact” for the euro-zone will now break that cycle.

The agreement – all 17 members that use the euro have agreed to sign it – is built around Germany’s demand for legal commitments to maintain fiscal and financial discipline. In the long-term, more discipline and coordination and more financial transparency are good things. But a pact that binds all members to more austerity in a time of recession is exactly what Europe does not need right now. The agreement will also increase the money available for future bailouts. But the amounts are still far too small to persuade investors that Europe is prepared to back up much larger economies like Italy and Spain. And it still leaves the euro zone without a lender of last resort, like America’s Federal Reserve, to defend vulnerable countries and banks from market panic.

Gail Collins: The Ghosts of Boyfriends Past

After a nominee for an ambassador’s post was grilled over a boyfriend she had lived with almost 20 years ago, it might be time to adopt a statute of limitations on this sort of thing.

New unnerving development in Congress: Some senators are claiming that a woman nominated to be ambassador to El Salvador can’t have the job because they don’t like a boyfriend she lived with almost 20 years ago.

These days, it’s hard enough to get kids to understand the possible future employment consequences of appearing naked on Facebook. If they hear about this one, they’ll give up entirely.

The debate involves Mari Carmen Aponte, who has been functioning as ambassador under a recess appointment by President Obama that runs out soon. The Democrats plan to make a last-ditch attempt to approve the nomination, but the Senate Republicans seem determined to block it.

David Uhlmann: For 29 Dead Miners, No Justice

Despite its questionable practices, Massey Energy will not be criminally prosecuted for a mine explosion that killed 29 workers in West Virginia.

EARLY on April 5, 2010, in the heart of West Virginia coal country, a huge explosion killed 29 workers at Massey Energy’s Upper Big Branch Mine. Later that day, President Obama directed Labor Secretary Hilda L. Solis to conduct “the most thorough and comprehensive investigation possible” and to work with the Justice Department to investigate any criminal violations.

On Tuesday, the Labor Department issued a 972-page report on the calamity – the nation’s worst mining disaster in 40 years. It concluded that Massey’s “unlawful policies and practices” were the “root cause of this tragedy.” It identified over 300 violations of the Mine Safety and Health Act, including nine flagrant violations that contributed to the explosion.

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”.

Katha Politt: HHS: Let’s Treat ALL Women Like Children

Did you assume the politicization of science was gone with the Bush Administration and the reality-based community was back in charge? Think again. In a surprise move that has outraged women’s rights activists, HHS head Kathleen Sebelius overruled the FDA’s proposal to make Plan B One-Step, a single-pill form of emergency contraception, available over the counter. According to the New York Times, this is the first time in our history that a health secretary has overruled the FDA. [..]

This is politics. Pure politics. The Obama administration values the Catholic bishops, the Family Research Council, Rush Limbaugh and the swing voters of Ohio more than the pro-choice Democratic women who make up way more than their share of his base – women who campaigned for him, donated to him, knocked on doors for him, left Hillary Clinton for him. He must be assuming that we are captive voters – we have no place to go. That may be true, but there’s trudging to the polls and there’s passion. Obama is never going to get passion from anti-choicers and swing voters. And it looks increasingly likely that he won’t get it from pro-choice women either.

Paul Krugman: All the G.O.P.’s Gekkos

Almost a quarter of a century has passed since the release of the movie “Wall Street,” and the film seems more relevant than ever. The self-righteous screeds of financial tycoons denouncing President Obama all read like variations on Gordon Gekko’s famous “greed is good” speech, while the complaints of Occupy Wall Street sound just like what Gekko says in private: “I create nothing. I own,” he declares at one point; at another, he asks his protégé, “Now you’re not naïve enough to think we’re living in a democracy, are you, buddy?”

Yet, with the benefit of hindsight, we can see that the movie went a little off at the end. It closes with Gekko getting his comeuppance, and justice served thanks to the diligence of the Securities and Exchange Commission. In reality, the financial industry just kept getting more and more powerful, and the regulators were neutered.

And, according to the prediction market Intrade, there’s a 45 percent chance that a real-life Gordon Gekko will be the next Republican presidential nominee.

John Nichols: Teddy Roosevelt Would Recess Appoint Cordray as Wall St. Watchdog

President Obama borrowed sound rhetoric and ideas from Teddy Roosevelt when he spoke in Kansas this week.

Now, Obama should borrow sound practices from the twenty-sixth president, as he responds to the intransigence of the senators who represent Wall Street rather than Main Street. [..]

The president should pull a Teddy Roosevelt and make a recess appointment during the upcoming Congressional break for the holidays.

Roosevelt was known for making bold moves, especially when he was taking on the robber barons and the trusts that had their way with Washington before the dawn of the Progressive Era. He recognized that there were times when a president had to use the bully pulpit and all the powers afforded him to make a point about the corruption of both our politics and our economy.

Danny Schechter: What happens in Europe doesn’t stay in Europe

New York, New York – Some years back, the Comedy Channel featured a map illustrating how most Americans see the world. The biggest part of it was pictured as “US”; the rest of the world was shown as “THEM”.

This may be true of public understanding – in part, because of the way our media works or doesn’t work – but it’s not true of the way our government operates as an often stealth force in global affairs.

For many, the crisis in Europe resembles the saying “What Happens in Vegas Stays in Vegas” – they see it as a clash of countries rather than currencies or interests, ignoring America’s omnipresent financial presence and role in a number of Europe’s problems that were undeniably made worse by irresponsible spending on every level.

In fact, it was American firms and banks that shovelled many of the loans into European countries that they are struggling to pay back. It was they who encouraged Europe’s banks to take on much of the very debt that they are now complaining about.

Eugene Robinson: Republican Reality Show Gets Weirder and Weirder

I guess I was wrong. I thought Republicans surely would have come to their senses by now. Instead, they seem to be rushing deeper into madness.

With less than a month to go before the Iowa caucuses, Mitt Romney, the candidate shown by polls to have the best chance of defeating President Obama, evidently remains unacceptable to most of his party. He has spent the summer and fall playing second fiddle to a series of unconvincing “front-runners” who fade into the shadows once their shortcomings become obvious.

The latest is Newt Gingrich, a man with more baggage than Louis Vuitton-and the taste for fine jewelry of Louis XIV, judging by his Tiffany’s bill. Be honest: Is there anybody out there who believes Gingrich would make it through a general election campaign against Obama without self-destructing? I didn’t think so.

New York Times Editorial: The Real Way to Help Small Business

With only a week to go before Congress adjourns for the holidays, Congress has yet to renew federal unemployment benefits or the payroll tax cut that will expire at year-end. Unfortunately, Republican leaders seem far more interested in advancing their partisan aims than helping millions of struggling American families.

The House leadership weighed in on Thursday with a particularly bad proposal. It would extend the current payroll tax cut but gradually reduce the duration of unemployment benefits. And it proposes to pay for both with changes to social spending programs and by freezing pay for federal workers. The bill is also larded up with deplorable amendments, including one that would weaken clean air rules and another that would rush ahead with a potentially dangerous oil sands pipeline from Canada.

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”.

Joseph E Stiglitz: What can save the euro?

Growth is needed in order to save the euro, not sermons and homilies, says Nobel Prize-winning economist.

New York, New York – Just when it seemed that things couldn’t get worse, it appears that they have. Even some of the ostensibly “responsible” members of the eurozone are facing higher interest rates. Economists on both sides of the Atlantic are now discussing not just whether the euro will survive, but how to ensure that its demise causes the least turmoil possible.

It is increasingly evident that Europe’s political leaders, for all their commitment to the euro’s survival, do not have a good grasp of what is required to make the single currency work. The prevailing view when the euro was established was that all that was required was fiscal discipline – no country’s fiscal deficit or public debt, relative to GDP, should be too large. But Ireland and Spain had budget surpluses and low debt before the crisis, which quickly turned into large deficits and high debt. So now, European leaders say that it is the current-account deficits of the eurozone’s member countries that must be kept in check.

New York Times Editorial: Hobbling the Fight Against Terrorism

Lawmakers from the House and Senate are working on provisions in the military budget bill that would take the most experienced and successful antiterrorism agencies – the F.B.I. and federal prosecutors – out of the business of interrogating, charging and trying most terrorism cases, and turn the job over to the military.

These new rules would harm the justice system and national security. They would hinder intelligence-gathering, make it harder to track down terrorists and make other countries less likely to cooperate.

Those are not our conclusions, although we strongly agree. They are the views of James Clapper, the director of national intelligence; Robert Mueller III, the director of the Federal Bureau of Investigation; and Lisa Monaco, the assistant attorney general for national security. The defense secretary, Leon Panetta, who used to run the intelligence services, has said that the military doesn’t want this responsibility. Lawmakers are ignoring them.

(emphasis mine)

So is Obama. He requested the language

Timothy Egan: The Rough Rider and the Professor

In traveling to the soft hills of Osawatomie, in eastern Kansas, on Tuesday, to the small town where Theodore Roosevelt laid out an agenda for advancing American civilization through the 20th century, President Obama tried on the words of a Republican president who committed Republican heresy in the same place in 1910. [..]

Consider just one line from the 1910 speech. “There can be no effective control of corporations while their political activity remains,” Roosevelt said. “To put an end to it will be neither a short nor an easy task, but it can be done.”

Try getting a member of either party to say such a thing today.

(emphasis mine)

Michael Moore: The Winter of Our Occupation

And now it is winter. Wall Street rejoices, hoping that the change of seasons will mean a change in our spirit, our commitment to stop them.

They couldn’t be more wrong. Have they not heard of Washington and the troops at Valley Forge? The Great Flint Sit-Down Strike in the winter of 1936-37? The Michigan Wolverines crushing Ohio State in the 1950 Blizzard Bowl? When it comes to winter, it is the time historically when the people persevere and the forces of evil make their retreat!

We are not even 12 weeks old, yet Occupy Wall Street has grown so fast, so big, none of us can keep up with the hundreds of towns who have joined the movement, or the thousands of actions — some of them just simple ones in neighborhoods, schools and organizations — that have happened. The national conversation has been irreversibly changed. Now everyone is talking about how the 1% are getting away with all the money while the 99% struggle to make ends meet. People are no longer paralyzed by despair or apathy. Most know that now is the time to reclaim our country from the bankers, the lobbyists — and their gofers: the members of the United States Congress and the 50 state legislatures.

Robert Sheer: Government-Sponsored Sinner

Who would have thought that Republican voters would prove so accepting of sin? At least when its committed by a white guy, like the serial philanderer Newt Gingrich, who betrayed not one but two wives while they were enduring serious medical difficulties.

In the latest New York Times/CBS poll of Iowa Republicans, alleged philanderer Herman Cain’s once impressive support shifts to the new front-runner, Gingrich, whose richer history of marital deceit is not a problem even for the self-described evangelical Christian voters who favor him over Mitt Romney by a ratio of 3-1.

It is the first time that I have felt sympathy for a candidate experiencing the prejudice directed at a practicing Mormon. Clearly the ultimate of “squeaky clean” doesn’t cut it for a presidential contender of that faith among Republican Christian “values voters,” even when he is compared with a sexual roué of Gingrich’s considerable magnitude.

Jim Hightower: The Deep Shallowness of Professor Gingrich

Mea culpa, I misspoke, my bad — I stand corrected.

In past commentaries, I have called Newt Gingrich a lobbyist. Apparently, he hates that tag, even though he has indeed gotten very wealthy by taking big bucks from such special interest outfits as IBM, AstraZeneca, Microsoft and Siemens in exchange for helping them get favors from federal and state governments. But Gingrich, his lawyers and staff adamantly insist that it’s rude and crude to call him a lobbyist. No-no, they bark, The Newt is — ta-da! — “a visionary.”

Major corporations, they explain, pay up to $200,000 a year to the corrupt former-House speaker’s policy center, seeking nothing more from Newt than the sheer privilege of bathing in the soothing enlightenment of his transformative vision. Also, as the man himself constantly reminds everyone, he has a Ph By-God D. So he’s “Dr. Newt,” the (SET ITAL) certified (END ITAL) visionary.

Punting the Pundits

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

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

Wednesday is Ladies’ Day

Katrina vanden Heuvel: It’s accountability time for banks and Wall Street

There’s a scene in the HBO adaptation of Andrew Ross Sorkin’s book “Too Big to Fail” where Treasury Secretary Henry Paulson’s adviser suggests he call Warren Buffett to ask for help with Lehman Brothers. “As what?” responds Paulson. “Warren’s friend? His former banker? The treasury secretary? No!” In the movie, Paulson understands the difference, that there are bright lines that he should not cross. In real life, it turns out, these were not the kind of distinctions Paulson was particularly concerned about making.

Missing from that movie – and other first drafts of recent financial history – was a bombshell recently uncovered by Bloomberg’s Richard Teitelbaum: Paulson gave his hedge fund friends inside information about government plans to seize Fannie Mae and Freddie Mac, seven weeks before it happened. Common stock and some preferred stock would be wiped out in the process, he told them, meaning a bet against the giants was a bet that could make them millions. Those without connections to Paulson didn’t get a tip-off; worse, they got the opposite. On the same day that Paulson met with the hedge funds, he told the New York Times that markets would soon have reason for renewed confidence in both enterprises.

Yves Smith: Obama Road Tests Hopey-Changey Big Lie 2.0: He’ll Reincarnate as Teddy Roosevelt if You Are Dumb Enough to be Fooled Twice

Wow, I have to hand it to Obama’s spinmeisters. They’ve managed to find a way to resurrect his old hopium branding by calling it something completely different that still has many of the old associations. [..]

Team Obama may have planned to wheel this new, improved image out later, with the timing accelerated by Judge Jed Rakoff’s decision against a proposed $285 million settlement between the SEC and Citigroup over a bum CDO in which Citi allegedly wielded considerable influence over its contents so it could bet against it. The SEC has gone on a full bore media offensive against Rakoff, with enforcement chief Robert Khuzami’s becoming uncharacteristically accessible to the media and also using scheduled speaking engagements to take issue with Rakoff’s ruling. And on top of Khuzami’s own efforts, the media has taken up some other dubious plants by the SEC. The biggest howler is a story in the Wall Street Journal earlier this week. Titled “Financial Crimes Bedevil Prosecutors,” not one of the sources for the story is a prosecutor!

Amy Goodman: Listen to the People, Not the Polluters

There is a growing consensus here in Durban that the United States is the main impediment to progress at these crucial talks. A consortium of 16 of the major environmental groups in the U.S. wrote a letter to Secretary of State Hillary Clinton, who directly oversees the U.S. climate negotiations. They pointed out that, while President Barack Obama originally campaigned on a promise to lead in global climate negotiations, “three years later, America risks being viewed not as a global leader on climate change, but as a major obstacle to progress.”

The fossil-fuel industry exerts enormous influence over the U.S. government, and over the U.S. public, with tens of millions of dollars on lobbying and PR campaigns to shape public opinion. Kumi Naidoo, who has been jailed many times for his activism, compared the struggle against apartheid to the fight against climate change: “If people around the world can actually unite-trade unions, social movements, religious leaders, environmental groups and so on, which we saw in the march on Saturday-I pray and hope that we will have a similar kind of miracle to get these climate negotiations to deliver a fair, ambitious and legally binding outcome.”

Naomi Wolf: The American hangover

Trends in American leisure activities reflect a change – frugality and making do are in, gaudy consumerism is out.

New York, NY – As turmoil stalks the US financial markets and protests fill its streets, Americans’ lifestyle choices are evolving in a telling way: Once seen by the rest of the world as an exuberant teenager – the globe’s extrovert, exporter of rock ‘n’ roll and flashy Hollywood movies – Americans are now becoming decidedly withdrawn, or at least inward-looking. Trends in leisure activities reflect that change: Frugality and making do are in; gaudy consumerism is out. [..]

Ronald Reagan asserted in 1980 that it was “morning in America”, but in the US now, it is the morning after. This drive towards an off-the-grid, eat-what-you-raise, bike-there-on-your-own, solar-powered collective fantasy is inevitable: Americans were pumped full of hope that more consumption would make them happier, and instead were left with a pile of debt. They were asked to admire the top of the income pyramid, only to find that they were looking at a pyramid scheme.

Maureen Dowd: Silence Is Golden

Hello chatter, my old friend.

The sounds of silence are a dim recollection now, like mystery, privacy and paying attention to one thing – or one person – at a time.

As far back as half-a-century ago, the Swiss philosopher Max Picard warned: “Nothing has changed the nature of man so much as the loss of silence,” once as natural as the sky and air.

As fiendish little gadgets conspire to track our movements and record our activities wherever we go, producing a barrage of pictures of everything we’re doing and saying, our lives will unroll as one long instant replay.

There will be fewer and fewer of what Virginia Woolf called “moments of being,” intense sensations that stand apart from the “cotton wool of daily life.”

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