rss

Category: Politics

0
By Erich Vieth on November 18th, 2009

We’re another step closer to auditing the Federal Reserve

This has been a long time coming. The Federal Reserve has never been audited. Ever. The House has now moved us a step closer to shedding real light on all of the secret deals:

The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed’s opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.

Economy • Featured • Politics
Full Story
1
By Erich Vieth on November 18th, 2009

When do the prosecutions begin?

In the St. Louis alternative newspaper, The Riverfront Times, James Lieber sizes up the prosecutions now underway for the economic collapse. Oh, wait. There aren’t any prosecutions:

As it stands now, there is only one federal prosecution related to the credit crash and bailout cycle, and it was begun by the Bush administration’s Justice Department in June 2008.

Not that there aren’t culprits. Bernie Madoff and other accused Ponzi schemers like Allen Stanford are mere pickpockets compared with Wall Street’s institutional buccaneers, who so far have carted off up to $12.7 trillion — that’s nearly equal to the entire gross domestic product. They’ve multiplied their booty with billions in subsidies and a flood of derivatives — some of them merely old soured wine in new bottles. Today’s pirates are sailing away from the light regulatory scrutiny that apparently will continue in our benighted, weakened, financially top-heavy and bubble-addicted economy. [Former regulator William] Black says Obama’s current efforts are doomed to fail — and, in a twist, it’s for lack of trying. “There is not a single successful regulator giving him advice,” Black notes.

I’ve posted about William Black previously. Lieber describes him as follows: “a Ph.D. criminologist and lead lawyer at the Office of Thrift Supervision, who helped steer the brilliant federal effort that cleaned up the S&L industry and won more than 1,000 felony convictions of senior insiders while recovering millions of their ill-gotten dollars.” Black is someone to whom Obama should be listening. He states that there are two reasons why there aren’t vigorous ongoing prosecutions resulting from this collapse

1) “It’s difficult to prosecute others for securities fraud if you condoned the deals to begin with,” and

2) Obama administration lacks the will. Obama was the candidate most preferred by Wall Street and he has surrounded himself with lackeys for big finance, including not only Lawrence Summers and Tim Geithner, but also Attorney General Eric Holder, who has made it clear that white collar crime is something which he’d rather not prosecute.

Keep in mind that “Wall Street’s institutional buccaneers [have] so far have carted off up to $12.7 trillion, and that in 2008, In 2008 American households lost 18 percent of their wealth. Why aren’t there more prosecutions? There’s no good reason. This is an excellent in-depth article. The title: “No Justice: We’ve bailed out the banks. When do we go after the crooks behind our financial collapse?”

Economy • Featured • Politics • Psychology Cognition
Full Story
0
By Erich Vieth on November 12th, 2009

What does this say about the government we support in Iraq?

Yes, Blackwater paid a million bucks to bribe Iraqi officials to placate those officials and thus allow Blackwater to continue garnering a huge paycheck in Iraq. Lots of people are rightfully pissed at Blackwater. But what does this say about the Iraqi government that more than 3,000 U.S. soldiers died to establish?

Imagine this in 2003: Dick Cheney tells the public that we’re going to spend one trillion dollars and allow 3,000 U.S. soldiers to die in order to establish a corrupt Iraqi government when we don’t actually know whether Iraq has any plans to attack the United States. How much support would there have been for that kind of needless military adventure?

Corruption • Iraq • Politics • Psychology Cognition
Full Story
11
By Erich Vieth on November 11th, 2009

Tear up the health care bill and start over.

I wrote a comment on this same issue last night, but I wanted to make it into a post as well, given the importance.

Marcia Angel, M.D., former editor of the New England Journal of Medicine, is highly critical of the proposed “health care reform.” Although she admits that it accomplishes a few things, it is worse than doing nothing.

It throws more money into a dysfunctional and unsustainable system, with only a few improvements at the edges, and it augments the central role of the investor-owned insurance industry. The danger is that as costs continue to rise and coverage becomes less comprehensive, people will conclude that we’ve tried health reform and it didn’t work. But the real problem will be that we didn’t really try it.

Read the full post at Huffpo for Angel’s clear and understandable ideas for meaningful (and not corrupt) health care reform. I agree with Angel that the current bill is an industry-coddling joke and that it is worse than doing nothing, for the reasons she offers. The House bill has a few pieces of low hanging fruit (e.g., portability), but at great unnecessary expense and waste. We need to tear up this celebrated new bill (celebrated by the Democrats, anyway) and start over. For more on Angell’s ideas for reform, also see her recent appearance on Bill Moyer’s show.

Health • Health Care Reform • Politics
Full Story
2
By Mark Tiedemann on November 11th, 2009

Church To State: “Do What We Want Or Else.”

The divide between church and state seems on the one hand to be growing but on the other narrowing, especially when you consider how intrusive established religions have been. Representatives of the Catholic Church sat in Nanci Pelosi’s office of late while negotiations for the health care bill were ongoing, overseeing what she would do about abortion.

Now this.

Any way one reads this, it comes out as a threat. The quid pro quo is explicit. “If you don’t bend to our will on this, we will stop services your city relies on.”

I have in the past believed that the tax exempt status of religions was a necessary work-around to preserve the fiction of separation. In the past, there have been instances of state intrusion directly into religions in, for one example, state funding for programs in parochial schools. There was always a quid pro quo in such offers and practices.

But never has a representative of the state sat in the office of a minister while he drafted a sermon to be sure certain details got left out or included. Never, despite massive abuses by religious institutions in real estate and related financial areas, has the state moved to revoke 501(c)(3) status. It may be that any state official who tried it would be booted out of office summarily, but nevertheless that has been the unspoken law of the land.

Seems the courtesy doesn’t go both ways. If that’s the case, I think it is time to revisit the whole issue. If the Catholic Church sees itself as providing services as an arm of the civil service sector and allows itself the conceit that it may use that service as a lever to influence political decisions, then they have implicitly given up due consideration as an inviolate institution, free from state requirements of taxation and regulation.

Seems fairly clear cut to me. Obviously, there will be those who disagree. But it’s time, I think, to seriously reconsider the state relationship to so-called “nonprofit” “apolitical” tax exempt institutions.

American Culture • Culture • Current Events • Featured • Law • Media • Noteworthy • Politics • Religion • hypocrisy
Full Story
0
Jeffrey Sachs: Democrats and Republicans both offer only snake oil for the economy
By Erich Vieth on November 11th, 2009

Jeffrey Sachs: Democrats and Republicans both offer only snake oil for the economy

Jeffrey Sachs, the Director of The Earth Institute at Columbia University, has sharply criticized both the Democrat and Republican approaches to dealing with our failing economy.

For instance, Sachs complains that President Obama is seeking to kick up consumer spending through “near-zero interest rates, massive Fed financing of mortgages and various consumption incentives, such as rebates for new home-buyers and cash for clunkers.” According to Sachs, though this will simply get us into a new bubble, as the US consumer is encouraged to over-borrow. This is a terrible strategy “with budget deficits of about 10 per cent of gross domestic product.”

How about those Republicans? Their “solution” is equally terrible:

For every problem there is a single Republican answer: tax cuts. Simple arithmetic reveals the stunning shortsightedness of this proposition. The federal government collects about 17 per cent of GDP in tax revenues. That roughly equals the outlays on social security, Medicare, Medicaid, veterans’ benefits, defence and interest payments on debt.

All the rest – roads, rail, clean energy, science and technology, diplomacy, international disease control, space, education, job training, water, transport, courts, poverty relief, homeland security, conservation, climate adaptation – is financed on borrowed money. All of these critical areas are underfunded, which hinders productivity, national security and private investment.

What a good idea that is being largely ignored? Sachs likes the idea of jump-starting the green economy:

One where the jobs would come through a massive expansion of low-carbon energy. We were told about plug-in hybrids, intercity fast rail and new water and sewerage plants to replace the crumbling infrastructure. We were told about a new infrastructure bank to fashion complex multi-state projects that would employ huge numbers of workers while building a cutting-edge economy.

Economy • Featured • Politics
Full Story
6
By Mark Tiedemann on November 10th, 2009

Sepuku, Republican Style.

It’s been absurd for a long while, but the apparent self-destruction of the Republican Party is reaching new depths. Senator Lindsay Graham of South Carolina is being censured by the state G.O.P. organization for working with Democrats on a climate bill.

Here is the Fox News report.

For contrast, here is the Huffington Report.

All one can do is stare and ask “What is wrong with those people?”

Despite party leader calls for bipartisanship, we see repeated motions by the grassroots elements of the embattled party to circle the wagons and harden their resolve to do nothing to aid and abet what they perceive as The Enemy.

Which is what, exactly?

Anything, it seems, which suggests that people cannot manage their own affairs, no matter how much they might affect other people, is disallowed. If legislation is proposed to control behavior of individuals, it is anathema to the Republicans.

Unless we’re discussing abortion. Then the full weight of the state must be brought to bear to prevent individual choice.

If the Democrats are smart, all they need do is continue to discuss issues in rational, thoughtful ways, and let the Republican Rabid Dog Wing continue to vociferate mindlessly, and in 2010 there will be another bloodletting of Republican presence in Congress. All the Republicans seem able to do anymore is bang their shoes on the desk and repeat “No! No! No!”

At some point, surely, there will be a schism (much like the one we saw in upstate New York) and the sane and rational Republicans will split away from the hydrophobic microcephalics that have been destroying them for so long. That cannot but be a good thing in the long run.

Current Events • Featured • Politics
Full Story
1
Kelo vs. New London revisited
By Brynn Jacobs on November 10th, 2009

Kelo vs. New London revisited

Remember the case of Kelo vs. New London? Briefly, it was a case in which homeowners including Susette Kelo sued their municipality to stop it from taking their homes using the power of eminent domain. The city wanted to raze the homes and redevelop the area, making it shiny and new to complement the anticipated Pfizer pharmaceutical research facility. After all, one musn’t allow the shabby dwellings of the peasantry to mar the image of success and corporate uniformity that one is trying to project:

So, the politicians picked a 24-acre lot and sold it Pfizer for $10, adding on special tax breaks. Also, state and local governments promised $26 million to clean up contamination on the lot and a nearby junkyard.

But Pfizer executive David Burnett thought New London needed to do some more cleaning. “Pfizer wants a nice place to operate,” the Hartford Courant quoted Burnett in 2001. “We don’t want to be surrounded by tenements.” The old Victorian houses in the Fort Trumbull neighborhood next door did not match Pfizer’s vision - a high-rise hotel or luxury condominiums would be more fitting.

Corruption • Court Decisions • Current Events • Fraud
Full Story
1
By Mark Tiedemann on November 07th, 2009

Success and Sources: the Self-Created Problem of Christianity

I’m sure this will annoy a lot of people, some more than others.

This is one of those notions I stumble on from time to time while daydreaming or free associating. I’ve been doing a lot of thinking about religion of late—as how could many people not be, what with the state of the world (he says with tongue in his other cheek, being both ironic and absurd)?—and trying to come up with some theory of it that might bleed off the poisons that seem to bubble up from it from time to time.

Someone said something to me that triggered this idea and it’s probably not original. But we were discussing Roman Catholicism and the observation was made that in its long history it has absorbed more than it has suppressed.

“Of course it has,” I responded. “That’s how it began, after all, as a congeries of pagan beliefs subsumed beneath an orthodox umbrella. It is the perfect example of an assembled religion.”

Regardless where the initial push came from, whatever its core ideology, the fact is that Roman Catholicism came to fruition as a political entity and it was a model of almost democratic universalism. The holidays (holy days) are mostly borrowings from other disciplines, retrofitted to make people comfortable with the new paradigm. Its rituals and mysteries are all adaptations of older religious ideas and practices, including a marvelous transplantation from Egyptian mythology of the entire Jesus myth (Horus—almost all of it is duplicated, including certain names, such as Lazarus, and the whole virgin birth motif, which itself is nothing particularly new). The architects of Roman Catholicism, let us assume to be more gracious than not, recognized a core set of beliefs that did not of themselves require the trappings of a religion or its concomitant institutions, but also saw that most people would prefer (or require) all that such physical and cultural manifestations afford. Romans above all understood in their bones the function of public architecture and ceremony. They seemed instinctively attuned to the idea that to get people to behave a certain way they should live within the physical representations of the philosophies behind such behavior. Romans were Romans as much because of their cities and roads as because of any political philosophy. The two supported each other. The church borrowed that big time.

But as an assembled religion, it had a problem, which was the necessity to obscure all the past manifestations, cut the ties to all the pagan practices they’d taken over, and embark on a long-term campaign to evoke cultural amnesia in order to represent themselves as The Truth. The problem with this is two-fold: [more . . . ]

American Culture • Bigotry • Culture • Politics • Religion
Full Story
1
By Erich Vieth on November 05th, 2009

Representative Alan Grayson makes the truth hurt.

Some would call it a stunt, but all indications suggest that Alan Grayson was spot on. Lots of people are dying because of the lack of health insurance. Many of those people live in Congressional Districts overseen by Republicans who prefer the status quo. Grayson simply added 2 plus 2, and it made the Republicans livid.

If they don’t like it, then they should do something about it. That’s how I see it. The solution is not to hide the facts that people in your district are dying from a problem that might have a solution but that you are not seeking any solution.

Health • Health Care Reform • Politics • Statistics
Full Story
0
By Erich Vieth on November 04th, 2009

Congress Approves $500 Billion For Monument To Human Folly

As reported by The Onion, “Congress Approves $500 Billion For Monument To Human Folly.”

In recognition of mankind’s inherent propensity for tragically foolish decisions, Congress allocated nearly $500 billion Monday for the construction of a new national monument honoring human folly.

Law • Politics
Full Story
3
Fans, Freedom, and Frustration
By Mark Tiedemann on November 03rd, 2009

Fans, Freedom, and Frustration

Over on her blog, Kelley Eskridge has a video of a “Bono Moment” in which you see two distinct types of fans interacting with U2’s lead singer. Check it out and come back here.

Okay, the guy in the t-shirt obviously is carrying on a conversation. he may be being a fan, but he hasn’t lost his mind. The female is being…a groupie, I guess. Though the groupies I’ve met in my time have been a bit more specific about what they wanted and had a better plan on how to get it. In any event, the questions Kelley raises are interesting and relate on so many levels to so many different things. The fan reaction—mindless adulation bordering on deification—looks to me, has always looked to me, like exactly the same kind of nonsense people put into religion. Mindless, utterly uncritical adoration of an image and the set of emotions with which that image is connected in the mind of the adulant. You can see the same thing in politics. To a lesser degree with less public personalities—writers, painters, photographers (I never knew anyone who elevated a photographer to the level of sex god, but I have known people who got off on sleeping with painters, and of course there’s a kind of Nabokovian/Bellow/DeLillo-esque subculture of writer groupies…) and other creative types—but actors and musicians seem to get all the dedicated obsessives.

I’ve never had this happen to me. I’m not sure if I’m grateful or resentful—having somebody want to associate themselves with you in a mindless swoon because your work has made them, I don’t know, climax maybe is on a certain level appealing. But it’s appealing the same way porn is—something most people, if they’re at all sane and grounded, kind of grow out of and get over. I know I would not find it very attractive now. When I was twenty-five? You betcha. Bring ‘em on.

But if I’d had that then I think I’m fairly sure I would have wearied of it very quickly. I long ago realized that sex, to me, involved the other person—emphasis on Person—and the best sex I ever had included the good conversations before and, especially, after. (There is a point, of course, where you realize that sex is a conversation, of a very particular sort, and takes on a whole new dimension, which one-night-stands, no matter how good they might be, just can’t provide.)

But the real problem with all this is that art is more than just any one thing and the artist is not the art. The two are inextricably linked. Here is a video discussing the question of artist-in-relation-to-muse which I find illuminating. The notion that the talent “arrives” and you act as conduit through which creativity happens is not, as the speaker suggests, a new one, and it’s not one I’m particularly in sympathy with—it all happens in my brain, it’s definitely mine—but I certainly find her analysis of the psychology of following through intriguing and true. Once the muse is finished with you on a given project, you do not continue to exist as though in the grip of the work. There is a person there that pre-figures the work and who will be there after it’s done that has all the needs and wants and sensibilities of a normal human being. To be treated as some kind of transcendence generating machine by people is in some ways disenfranchising. For a writer, if the well from which inspiration and material are drawn is the honesty of human interaction, then the gushing idiot fan robs the writer, for a few minutes at least, of exactly that.

But it also sets the artist up to become a prisoner. A prisoner of other people’s expectations. Those expectations always play a part in anyone’s life, but certain aspects—the most artificial ones—get exaggerated in the instance of fan adoration.

Watch Bono shift from one stance to another when he finally acknowledges the female. No, he doesn’t stop being Bono, but it’s almost as if he says “Oh, it’s time to do this sort of thing now” as he first recognizes her presence and then automatically poses for the camera, with this not-quite-disingenuous smirk. Because he also recognizes that, however silly this person is being, what she’s feeling right then is her’s and to claim it is artificial is wrong. Maybe an artificial set of expectations led her to this point, but now that she’s In The Moment, the emotions are real. If he’d ignored her or told her something snarky in an attempt to snap her out of it, all that would have resulted would have been an ugly moment, a bit of cruelty, and a lot of confusion on the fan’s part.

[more . . . ]

Addictions • American Culture • Art • Communication • Community • Consumerism • Culture • Education • Featured • Meaning of Life • Media • Politics • Psychology Cognition • Religion • Science • Writing • music
Full Story
0
By Erich Vieth on November 03rd, 2009

The problem with lobbyists

Jeffrey Sachs talks about the problem with lobbyists:

Lobbyists for powerful corporations are crawling over every piece of pending legislation- from health care, to banking regulation, to climate change — keeping a chokehold on deep reforms. Jankowsky says that lobbying is transparent. . . . Special interests have already spent $2.5 billion dollars this year on 13,000 lobbyists like Mr. Jankowsky and his colleagues at the firm Akin Gump, with many contributing their expertise to gutting financial oversight of Wall Street, delaying control of greenhouse gas emissions, and preventing real controls on health insurance costs.

Corruption • Politics
Full Story
Older Entries