Friday, December 26, 2008
Nobody Asked Me, But...
2) Clearly, Bush really is concerned about his legacy.
3) Or maybe not.
4) This is why the religious right will never get anywhere in this world: they beat up on little kids.
5) Sometimes Santa takes away, rather than give.
6) I can tell you this much: NOT sleeping is not good for your heart.
7) One thought in this season of giving: blood. The weather and the economy is taking its toll on the nation's blood supply. If you have the chance, give a pint.
8) Given item 3, above, how does the Bush administration square their domestic policy with their foreign policy?
9) This is some guy's mug shot: I'm thinking the only jobs he'll ever get include the words "Did you want fries with that?" or maybe as a stock broker.
10) A short history of Boxing Day. Happy Boxing day, all!
Wednesday, December 24, 2008
Twelve Days Of Christmas Music Blogging
Boy, don't I know this feeling?
Merry Happy, everyone!
A Dead Meme
the war on Christmas is a godless plot cooked up by a cabal of latte-sipping liberals, greedy retail tycoons, bearded ACLU communists and Ban Ki-moon acolytes who secretly gather in Bay Area synagogues to smoke pot, deface Bibles and perform abortions.Or — maybe — the whole thing is just a canard, the backlash against a wave of political correctness that swept the U.S. in the late '90s, resulting in some strange new concessions to cultural sensitivity: cities insisting on calling the telltale conifers "holiday trees," efforts to ban the pleasantry "Merry Christmas" and crackdowns on the use of holiday nativity scenes and other religious iconography. But to many, the War on Christmas is a hyperbolic construct that blows the problem out of proportion. "There is no war on Santa," Michelle Goldberg wrote on Salon.com in 2005. "What there is, rather, is the burgeoning myth of a war on Christmas, assembled out of old reactionary tropes, urban legends, exaggerated anecdotes and increasingly organized hostility to the American Civil Liberties Union." According to Max Blumenthal, who published a recent article on the topic, the trope's persistent popularity is fed by financial opportunism: "The Christmas kulturkampf is a growth industry in a shrinking economy, providing an effective boost for conservative fundraising and a ratings bonanza for right-wing media." O'Reilly himself has lent credence to this theory. "Every company in America should be on its knees thanking Jesus for being born," he said on Nov. 29, 2005. "Without Christmas, most American businesses would be far less profitable."
12And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,13And said unto them, It is written, My house shall be called the house of prayer; but ye have made it a den of thieves.
Tuesday, December 23, 2008
Twelve Days Of Christmas Music Blogging
This always reminds me of someone special.
Under the Radar News
This dude took his finals and then went and saved part of the planet.
Then, there's this guy. He made a deal with the devil and died.
In a plane crash.
Hopefully, democracy didn't die with him, but we'll see............
You can find more info about this at freepress.org
and at bradblog.com and at atlargely.com and at velvetrevolution.us
Echoes Down The Corridor
The Supreme Court's decision in Bush v. Gore, issued eight years ago this month, was widely understood to work like that tape recorder in "Mission: Impossible." It was meant to produce a president and then self-destruct.
"Our consideration is limited to the present circumstances," the majority famously said, "for the problem of equal protection in election processes generally presents many complexities."
That sentence, translated from high legal jargon into English, was often taken to mean this: The decision was a ticket for one ride only. It was not a precedent. It was a ruling, yes, but it was not law.
But now, as the petitioner leaves the national stage, Bush v. Gore is turning out to have lasting value after all. "You're starting to see courts invoke it," said Samuel Issacharoff, a law professor at New York University, "and you're starting to see briefs cite it."
We elected Barack Obama with the understanding that he would likely close some of these holes, and perhaps ignore others, but asking a President to completely ignore convenient precedents is like asking a man to not use his left arm for four or eight years. It's simply not going to happen so long as they are available.
Monday, December 22, 2008
Recovery
A few months ago a headline in the satirical newspaper The Onion, on point as always, offered one possible answer: “Recession-Plagued Nation Demands New Bubble to Invest In.” Something new could come along to fuel private demand, perhaps by generating a boom in business investment.I agree. I think the largest concern for the American economy over the past decade or so has been the transnationalization of our debt.
But this boom would have to be enormous, raising business investment to a historically unprecedented percentage of G.D.P., to fill the hole left by the consumer and housing pullback. While that could happen, it doesn’t seem like something to count on.
A more plausible route to sustained recovery would be a drastic reduction in the U.S. trade deficit, which soared at the same time the housing bubble was inflating. By selling more to other countries and spending more of our own income on U.S.-produced goods, we could get to full employment without a boom in either consumption or investment spending.
Think about it: the Chinese, British, and Saudis (as well as other nations swimming in new-found cash) basically have funded not only our national debt, but in turn, our personal indebtedness, including our mortgages.
Our foreign policy has followed suit, you might have noticed. The Iraq invasion was as much a pretext for getting money from the House of Saud as it was for "protecting America from terrorism".
Too, once these foreign governments found themselves swimming in American paper, the more risk-tolerant governments began buying up American private instruments: corporate bonds, securitized mortgages, credit and auto loans, things like that. Better return
for only slightly higher risk.
I'd got so far as to make the observation that the change in bankruptucy laws that made it nearly impossible for Americans to walk away from debt was less about the banking lobby and more about not knifing our allies in the back.
Once this house of cards began to topple (and this really is only the beginning), much effort was put not into prevention, as in financing Americans directly, but in staving off the collapse of the mediators: the banks and brokerages.
You see, we're stuck paying these bastards off for stuffing our mailboxes full of solicitations, egged on by a president who's idea of sacrifice is to take our credit cards out and spend, spend, spend! Financing us just brings the problems the institutions have to a head.
What we as a nation need to do, therefore, is to repatriate our owings, if we are to reclaim a recovery of any length and note. You'll notice the last time we had a truly healthy recovery, we were paying down our budget deficits and even making inroads into what was now-laughably called a crisis national debt of $3.8 trillion (it is now over $10 trillion and climbing fast).
The trouble, of course, is that other nations may not take kindly to this domestication of resources and money. China, for example, lives by our imports of their goods. It would be a bit irritating if we suddenly opened factories all across America, and paid people a living wage to make goods that China can produce far cheaper than we can.
Which brings me to some linkage, something that Barack Obama had already proposed on the campaign trail for other purposes, but which can make us a manufacturing powerhouse again without really upsetting our trade with China among others.
To put it in a phrase: green energy.
Right now, we have a nascent renewable resources manufacturing industry. We have the innovative American mind, the entreprenurial spirit with which to create, and the structure to manage and distribute this kind of knowledge around the nation.
More important, we have the idle capacities in terms of both plants and labor. There's not much reason not to insitute this program of weaning ourselves off fossil fuels, weaning ourselves off the notion of "brand, spanking, new", and weaning ourselves of the notion that this kind of work, manufacturing and fabrication, is somehow a dead art in America, that Americans find this work beneath them somehow.
Ultimately, this technology would become an export, and a lion-sized one to boot. We'd be able to balance our trade and budget deficits, and make some paydowns of our national debt, probably just in time for the next recession.