What do I think Democrats should ask for?
First, I agree with Fernholz's last suggestion, the debt ceiling — although what I'd suggest is what Ezra Klein has argued for some time now, that they should just toss it into the agreement now, rather than just get some positive public statements. I wouldn't be surprised if that couldn't get done; from what John Boehner has said I don't think he's looking forward to a debt ceiling fight with a caucus he probably can't control on that issue, and I've argued that it's quite dangerous to his position as Speaker.
Second, I think the Democrats should bargain for whatever they can get on other, unrelated legislation — for example, allowing the food safety bill to get through whatever parliamentary fix is necessary for it to advance to the president. Ideally, that would include the three big remaining items on Barack Obama's lame duck agenda — DADT repeal, DREAM, and New START (and yes, that's a lot of all-caps items). I'm not sure whether there's any bargaining room in there at all, but remember that for the most part Democrats wouldn't be asking for Republicans to vote yes; they're just asking for less obstruction. If, as is likely, there's no give on those, at least perhaps Democrats could bargain for the Senate to clear some lower-level, less controversial measures, with food safety probably at the front of the line.
Third, there are still quite a few uncontroversial executive branch and judicial branch nominations pending. There's no way that conservatives are going to clear liberal Goodwin Liu for the 9th Circuit as part of this deal. But there are nominees for Under Secretary of Management at Homeland Security, Under Secretary of Export Administration at Commerce, Deputy US Trade Representative, General Counsel to the Army, and many others that as far as I know just didn't happen yet, and probably won't without Republican cooperation.
Thursday, December 09, 2010
Salvaging Something
Wednesday, December 08, 2010
If You Were Here Today...
And If I Say I Really Loved You
And Was Glad You Came Along.
If You Were Here Today.
Ooh- Ooh- Ooh- For You Were In My Song.
Ooh- Ooh- Ooh- Here To - Day.- Paul McCartney "Here Today"
Tuesday, December 07, 2010
Barn Doors
While David Certner, legislative policy director for AARP, says his members fully support efforts to rein in federal spending, he adds that upping the age for Social Security eligibility isn't the right way to go about it. Raising the wage cap, currently $106,800, would be better, he says.
Monday, December 06, 2010
Bailing Why-er
What have we learned so far from the disclosure of more than 21,000 transactions? We have learned that <b>the $700 billion Wall Street bailout signed into law by President George W. Bush</b> turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country. Among those are Goldman Sachs, which received nearly $600 billion; Morgan Stanley, which received nearly $2 trillion; Citigroup, which received $1.8 trillion; Bear Stearns, which received nearly $1 trillion, and Merrill Lynch, which received some $1.5 trillion in short term loans from the Fed.
We also learned that the Fed's multi-trillion bailout was not limited to Wall Street and big banks, but that some of the largest corporations in this country also received a very substantial bailout. Among those are General Electric, McDonald's, Caterpillar, Harley Davidson, Toyota and Verizon.
Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks -- Deutsche Bank and Credit Suisse -- which were the largest beneficiaries of the Fed's purchase of mortgage-backed securities.
Deutsche Bank, a German lender, sold the Fed more than $290 billion worth of mortgage securities. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.
Has the Federal Reserve of the United States become the central bank of the world?
(ed. note: emphasis added for the yahoos who read this blog and blame Obama for the bailout)
OK, so not only banks got bailouts, but solid American companies like Harley-Davidson, McDonald's, Caterpillar, Verizon and General Electric did.
Aside from Harley (full disclosure: I own an insignificant number of shares of HOG) which is perennially on the ropes, do any of these companies sound like they're in any financial difficulty?
And Toyota? Deutsche Bank? Credit Suisse? Why aren't Japan, Germany and Switzerland taking care of their own? Did Germany help us bailout GM?
Here's the kicker: as Sanders points out, that bailout money went to businesses that, for the most part, are doing rather nicely now, thank you. Meanwhile, we quibble over extending unemployment benefits of less than $33 billion becomes "class warfare".
Companies no longer rely on nations for their financial health so why should we be bailing them out at all?
I Have A Simple Question
Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Jon Kyl (Ariz.), the Republican whip, told different interviewers that they expect Congress to vote for the tax cuts, which have been in effect for almost a decade, to continue unaltered for at least several years in exchange for an agreement to extend an emergency unemployment program that expired last week for millions of people.
"Obviously, the president won't sign a permanent extension of the current tax rates. So we're going to have some kind of extension. I'd like one as long as possible," McConnell told host David Gregory on NBC's "Meet the Press." Moments later, he added: "I think we will extend unemployment compensation. . . . We're working on that package. . . . I think we're going to get there."
We are trading the long-term benefits of a tax increase on those who are doing quite nicely in the current economy, thank you, for a few weeks' extension of benefits.
We can do better. I think if we tied the unemployment benefits to a jobs creation bill (and there has to be at least one in the hopper now), it sends a far better message that Congress, this Democratic Congress, has the interests of the working and middle classes at heart, and then let the tax cuts die just to prove it.
We're going to have to restructure taxes next session anyway, and the Democrats, curiously, will have a bigger say in that, since they don't have to wrangle 60 votes in the Senate.
Weird to say, huh? They had a 60 vote minority, and the influence of asshats from sparsely populated states like Nebraska and Arkansas was grossly overstated because of it. Now, we can basically tell the Nelsons and Lincolns of the Congress to fuck off (I know, Lincoln lost. Good riddance). Your "services" are no longer required.
We'll fight this fight on ideology now.
Sunday, December 05, 2010
Happy Birthday, Carl!
Friday, December 03, 2010
Nobody Asked Me, But...
Thursday, December 02, 2010
And Old Lace
I'll just note that one of the people in charge of keeping the secret, Ginger Pinholster of the American Association for the Advancement of Science, has observed that some of the reports out there are "comically erroneous." It's a safe bet that the research being published in the journal Science is not about the discovery of extraterrestrial life itself. Not even Pinholster could keep that secret under wraps.
It's also a safe bet that the research has to do with biochemistry that involves arsenic, which is toxic to life as we know it. That's because one of the featured speakers at the NASA news conference is Felisa Wolfe-Simon, a research at the U.S. Geological Survey who has spent years studying organisms in California's arsenic-rich Mono Lake. Numerous reports have said her research relates to "life as we don't know it." The big question is just how far down that road Wolfe-Simon and her colleagues have gone.
Sarah, Palin & Fall
You're a media star and a great curiosity. You were plucked out of political obscurity because of the whim of presidential contender John McCain, who didn't know you and made you into an overnight sensation. You performed well for three weeks in the campaign, did better than expected against Joe Biden in the debate and then you self-destructed.
You clearly weren't ready for prime time, but neither was your running mate. After the election, you quit your day job as governor of Alaska with 18 months left in the term and went out and made a fortune making speeches and selling a book.
[...] Right now, polls indicate you wouldn't carry your home state of Alaska.
The last Presidential candidate to not even carry his home state was Al Gore.
He goes on to bash her comparisons to Reagan and Rollins is right: she certainly is no Reagan, who at least had accomplishments before her was forty. Even Obama, whom many saw as a cypher, had all those law school honors and community organizer functions on his CV.
Her closest analog would probably be Dan Quayle: a mindless bumbling buffoon who couldn't rub two words together to create a dialectical fire, yet somehow managed on the strength of his charm and his daddy's name (something Palin distinctly does NOT have) to parlay a minor political career.
People probably think that my greatest frustration is the lies that are told in the tabloids and on hateful blogs full of anonymous sources about my family … and there are constant everyday lies that we have to read that are out there in the public. But my family and I…thick skin…we can take it, you know…we can take what the haters say despite the fact that there’s injustice in the situation.
I mean, look at the other day. Willow, finally, my 16 year old, she had had it up to here with somebody saying very, very hateful things about the family and saying mean things about her little brother Trig, and Willow finally responded and she used a bad word when she responded in defense of her family. And her response became national news, even hard news copy it turned into, so that’s ridiculous and I had to explain to her, “Willow, there is no justice here but you have to just zip your lip and let’s move forward.”
The "bad word" in question is "faggot". Not "shit", or "fuck", or "douche", but an ad hominem of the very worst kind, striking at a group that is already on America's shitlist.
One wonders what it would take for Sarah Palin to take umbrage at a word? *koffkoff*retard*koffkoff*
Oh. Right. It would take ANY word directed at her or her family, despite the fact that her "family" is about as dysfunctional as the Gosselins. Odd thing about her comment on Hannity, not once was Trig mentioned!
Her life is a train wreck, to be certain, and her public image is only held together by the spit and duct tape that her moronic mesmerized supporters patch together, forming a wagontrain-like circle around her. Except the wagons lack fabric. Or wood. Or wheels. It really is just the human shields she's cajooled into protecting her, including her children.
Todd seems to be the only sane one, and that's more because he's basically said "Good luck with that!" and gone off snowmobiling until the cameras are turned on.
Of course, the kids might be sane. It's hard to tell since she treats them like props.
And yet, for all that, Palin could be a minor danger on the political scene, and a major threat to the United States if her luck holds out. To-wit:
In her brilliant new book Reality Bites Back, Jennifer Pozner argues that Americans prefer the scripted "reality" of reality TV to the messy complexity of our lives because these shows "both play to and reinforce deeply ingrained societal biases about women and men, love and beauty, race and class, consumption and happiness in America." And Palin is the perfect reality-show star: more ruthless, more eloquent, more audaciously dishonest, more single-mindedly ambitious, more likable and eminently more electable than Hillary Clinton in 2008. She is a pencil skirt–wearing marathoner who operates without a shred of shame or self-doubt. There is something remarkable and frightening about the depth of her belief in her narrative. Every criticism, every defeat, every attack is just evidence of the virtue of her chosen path. Her show replaces the tough tradeoffs of a politically complicated and economically insecure world with a fiery self-assurance born of the hard, bright blindness of righteousness. In uncertain times, this unassailable certainty, set in the compelling aesthetic of the American frontier and packaged with pitch-perfect editing, proves magnetic even for those who disagree with her.
Pozner reminds us that media are "as much a dissemination mechanism for ideological persuasion as...a means of entertainment;" they are "our most common agent of socialization, shaping and informing our collective ideas about people, politics and public policy." Media, especially reality TV, encourage us to think less and buy more. They capture our emotions and silence our inner critic. They send us in search of products to fulfill our deepest desires. Palin may just be the political embodiment of our contemporary cultural moment; a presidential candidate born from TV's easy emotional draw and limited analytic capacity, a candidate who needs only 140 characters to explain policy, a candidate who attracts us even when she repulses us. As with reality TV, to underestimate Palin is to invite her to reach ever deeper into the American consciousness.
Indeed, Sarah Palin may be the embodiment of the American Idiot: someone whose attention span lasts up to the next Tweet.
Wednesday, December 01, 2010
Taking A Leak
PARIS — Interpol has placed Julian Assange, the founder of the WikiLeaks whistle-blowing organization, on a so-called red notice wanted list following allegations of sexual misbehavior by a Swedish prosecutor, according to the police organization’s Web site on Wednesday.
The notice said Mr. Assange, 39, was wanted for “sex crimes” on an arrest warrant brought by the international public prosecution office in Gothenburg, Sweden. Interpol is based in Lyon, France. Mr. Assange’s whereabouts were not immediately known.
Now, I don't really want to get into the merits of the charge--and if you feel strongly about them, comments are open-- although that does play a part in my analysis.
You may recall that over the summer (on August 20) an investigation was opened in Sweden, accusing him with one rape and another case of sexual harassment. The rape charge was dropped almost immediately, then re-instated a week later. Assange admits to having sex twice during the period in question, alluding to the possibility that it was with both women. He also says it was consensual, if unprotected (which might under Swedish law be an issue).
In other words, this really becomes a "he said, she said" matter (although I'm sure there must be some physical evidence tying him to the events), and consequently the purview of local authorities. A criminal investigation was handed up in November, and an arrest warrant handed down. This has ballooned into the current Interpol order.
There seems, however, to be some conflicting details about Assange's cooperation. His lawyer claims he's offered to meet on neutral territory (including a Swedish embassy), but the Swedish prosecutor has insisted he return to Sweden to face the charges. Of course, the prosecutor denies this.
Now, a Red Notice is Napoleonic in nature. The fugitive has to prove his innocence before it's lifted, and he is presumed guilty of the charges until he's tried and exonerated. There are actually two Red Notices: one is an arrest warrant, the other is for a fugitive who has been tried, convicted, and sentenced. Interpol claims that there is no arrest warrant on Assange, meaning he's wanted for fleeing a sentence.
Um, excuse me? He hasn't even been tried yet. Effectively, he's being chased down across the globe to be arrested, but yet, there's no international arrest warrant other than the Swedes own BOLO.
This disturbs me. Here we have two events that involve no physical evidence of a crime being committed, only evidence that the events happened. Yet, Assange is being equated to Osama bin Laden in criminality.
That's simply not right. Whatever you think of the leaks (the Libertarian in me thinks he did signal service, but the American in me wishes he had been a little more cautious in what he leaked), for a state, or group of states, to hunt down a person internationally on the word of two women, neither of whom has to come forward to reveal their identities is a New World Order writ small.
The timing of all this is a little suspect, as well. Who has ever heard of an international probe launched for sexual misbehavior within months of the event? It's not like Assange killed women he slept with and would be an imminent danger to be around. In July of this year, Assange released the Afghan war documents, internal Pentagon documents that detail secret conversations and discussions of the war in Afghanistan. In August, he's accused of rape. By December, he's on what amounts to an international terror watch and presumably could be assassinated by a trigger-happy cop in whatever country he lands in.
All because he spoke the truth.
Like it or not, support him or not, this has to send a chill down your spine.
Tuesday, November 30, 2010
Suck It In, Folks
WASHINGTON — President Obama on Monday announced a two-year pay freeze for civilian federal workers as he sought to address concerns over high annual deficits and appealed to Republicans to find a common approach to restoring the nation’s economic and fiscal health.
...The move would save $2 billion in the 2011 fiscal year that ends Sept. 30 and $5 billion by the end of two fiscal years. Over 10 years, it would save $60 billion, according to Jeffrey Zients, deputy director of the Office of Management and Budget and the government’s chief performance officer.
Americans have an appetite for government benefits that greatly exceeds their appetite for taxes. For more than a generation, we have squared this dishonest circle by borrowing vast amounts of money. As more people age, this gap between what we want the government to provide and what we are willing to pay for is going to widen to an unsustainable level. Over the next 75 years, benefits under entitlement programs will exceed government revenue by $40 trillion. The federal budget deficit, if unattended, will reach 24% of GDP in 2040 —well beyond Greek and Irish territory. At that point, the measures it would take to close the gap are so punitive — we're talking tax hikes of 70% or spending cuts of 50% — that it is inconceivable that we will make them. If by some chance we were to make them, they would put the economy in a death spiral.
Monday, November 29, 2010
Budget Holes And A Shovel
Wednesday, November 24, 2010
Woolgathering
Tuesday, November 23, 2010
We're Number One! We're Number One! We're Number One!
NAVTEQ— the digital map, traffic and location data company— released a study today via its Traffic.com site and service naming New York City and its freeways as the most congested and traffic-delayed in North America.
Clean Your Own Muddy House First, Ms. Palin
"I want to help clean up the state that is so sorry today of journalism. And I have a communications degree. I studied journalism, who, what, where, when, and why of reporting. I will speak to reporters who still understand that cornerstone of our democracy, that expectation that the public has for truth to be reported. And then we get to decide our own opinion based on the facts reported to us."
"And I can see Russia from my front porch!"
She added: "So a journalist, a reporter who is so biased and will, no doubt, spin and gin up whatever it is that I have to say to create controversy, I swear to you, I will not my waste my time with her. Or him."
In an interview later tonight on Fox News...
Monday, November 22, 2010
"We, The People..."
Reduce the size of the military rather than reduce pay for noncombat members of the military. Impose a millionaire’s tax rather than cut deductions for high-income households. Cap the growth of Medicare spending rather than raise the eligibility age...
The single least popular choice was allowing the expiration of the Bush tax cuts on income below $250,000 a year. Fewer than 10 percent of the solutions included that option. But when it came to tax cuts for incomes above $250,000, people’s opinions appeared to diverge according to their political views. Those who preferred spending cuts — a conservative group, in all likelihood — generally wanted this tax cut to remain in place. Among those who closed the deficit mostly with tax increases — probably a liberal group — the expiration was the single most selected policy.
The most popular option among all respondents? Reducing the military to less than its size before the Iraq war — included in about 80 percent of the solutions posted to Twitter. But cutting pay and benefits for the military was a choice of only 40 percent.
It seems I was not alone.
Admittedly, this is not a scientific sample. Altho there were over one million page views, the Times was only able to analyze those people who either tweeted (ugh!) or posted links to their solutions. Furthermore, they culled only those solutions that saved at least $1.345 trillion from the 2030 projected deficit, thus creating a balanced budget. This cut the total size of the analysis to a population of about 7,000 people, from which only a thousand or so were able to successfully balance the budget by 2030. (Results here)
Twitter and, say, Facebook postings tend to skew younger, and younger usually means more liberal.
But check out the agreement with regards to taxes: a full 73% of respondents believed that the Bush tax cuts for the wealthy ought to expire, and nearly the same percentage believed a new "millionaire's tax" should be imposed (by the way, great little piece of neurolingsuitic programming, that. A "millionaire's tax"...who could possibly object?)
Even the carbon tax saw a 6 out of ten choice. This means that not only did liberals choose these taxes, but that many conservatives did as well!
There's hope yet for this nation.
Friday, November 19, 2010
Nobody Asked Me, But...
Thursday, November 18, 2010
Matt Miller, Mensch
Groping For Consensus
UPDATE: Megan McArdle gives libertarianism a bad name by being an asshole.



