Finish the job, Mr. Obama.

At the NYT, Paul Krugman is making it clear that even Obama rhetoric and mixed-signals are enraging the financial sector. Check out these numbers:

Look, for example, at the campaign contributions of commercial banks — traditionally Republican-leaning, but only mildly so. So far this year, according to The Washington Post, 63 percent of spending by banks’ corporate PACs has gone to Republicans, up from 53 percent last year. Securities and investment firms, traditionally Democratic-leaning, are now giving more money to Republicans. And oil and gas companies, always Republican-leaning, have gone all out, bestowing 76 percent of their largess on the G.O.P. These are extraordinary numbers given the normal tendency of corporate money to flow to the party in power. Corporate America, however, really, truly hates the current administration. Wall Street, for example, is in “a state of bitter, seething, hysterical fury” toward the president, writes John Heilemann of New York magazine.
Therefore, Mr. Obama, finish the job. Your attempts to straddle a middle position has lost most of your financial sector money. Give it up, because it is political crack cocaine. Quickly get behind meaningful financial reform. Use that bully pulpit to show that you really mean it when you speak for regular folks and for main street. Get passionate and loud, if you really mean want to reform Wall Street. I should tell you that I voted for you, but I'm just about to write you off on financial reform. Why aren't you outlawing banks that are too big to fail? Why aren't you pushing furiously for re-enactment for Glass-Steagall?

Continue ReadingFinish the job, Mr. Obama.

Who elected British Petroleum to be our government?

No one elected BP to run any level of American government. But we are a government by the money, not the People, so that is a big invitation to British Petroleum to control entire beaches to prevent the news media from from reporting the full extent of the damage resulting from the Gulf of Mexico oil leakage. Mother Jones reports. In the meantime, most Americans passively sit and watch, along with our politicians, giving a well-documented irresponsible company endless opportunity to operate in relative secrecy while 65 miles of delicate Gulf Coast ecosystem has been ruined by oil. If a "terrorist" with brown skin from the Middle East had caused all of this immense damage, we would have declared yet another "war." But it's a bunch of Caucasian men wearing suits who crapped up the Gulf waters and beaches, and they have given huge amounts of money to Congress, so it's all so very very different . . . And keep in mind that this disaster does not simply affect the Gulf Coast. Did you see the photos of the oil-soaked pelicans? The "White Pelicans" aren't simply "Gulf Coast" birds--they migrate all the way from the Gulf Coast up to Minnesota--it has been quite the spectacle to see them passing through St. Louis twice each year. We'll see how many survive to fly next year. And that's merely one species. There is no reason for trusting that BP will do the clean-up job correctly, putting the environment before its profits. From the Mother Jones article (above), we've seen that BP will "fix" the problem by hiding information. News is now breaking that the oil has now penetrated 12 miles into the Louisiana marshes. I'm feeling sick about this disaster and sick about the lack of action by our federal government--Why is the Obama Administration continuing to defer to the "government" of British Petroleum? As soon as the first drops of oil escaped into the Gulf waters, this was no longer BP's disaster; it became an immense American tragedy. You've heard of "too big to fail." Lots of bank money is making sure that we will continue to have "too big to fail banks." If these Gulf oil rigs are too dangerous to fail, we shouldn't have them either (here's the obvious alternative). But no logic, no evidence and no earnest well-directed passion to preserve the environment will overcome huge corporate election contributions. I'm feeling the frustration of Chris Matthews:

Continue ReadingWho elected British Petroleum to be our government?

Rand Paul and the Libertarian Wrong

Rand Paul, senate hopeful for Kentucky, made a fool of himself with remarks about the 1964 Civil Rights Act and racism and affirmative action et cetera et cetera so on and so forth. If Kentucky votes him into office, they get what they deserve. There was a brief moment when I thought Ron Paul was worthy of some respect—he seemed willing to speak truth to power. I found that I disagreed with him on specifics, but it is useful (and rare) to have someone doing the Emperor’s New Suit schtick. However, anyone who names a child after an ideological demagogue has some serious problems with reality. (To be clear, Rand, under the circumstances, can only refer to Ayn Rand, the patron non-saint of the Libertarian Movement.) Rand’s pronouncements about the rights of business owners to deny service to anyone they see fit is perfectly consistent with Randian philosophy and politics. Basically, it says that the person whose name is on the title owns what the title describes outright and has, by dint of absolute moral dictate, dictatorial command over said property and ought to be allowed to do with it what they wish. Without explanation to anyone and certainly without anyone else’s permission. Sounds good, doesn’t it? I mean, you worked for it, you sweated, earned the means of acquisition, put your name and fortune on the line to own it, worked to make it do what you intended, you should therefore enjoy all rights and privileges in the say of what to do with it. Your home, your rules. There’s a feel-good quid pro quo to it that appeals a basic sense of fairness, suggests a rough equivalence between work and risk and rights. This is fundamental to Ayn Rand’s whole premise, that the creator, the mind behind creation, the one who brings something into existence is the one who has the only natural say in what that thing so created can and will do and who it shall serve. For an avowed atheist, Rand had a very mythic, godlike attitude toward life. And I suppose if you could somehow make the case that a single individual did indeed create something from whole cloth and by virtue of his or her singular efforts sustained it and drove it and made it successful, there might be a good and valid point to this view. But is that ever the case? Rand’s famous tome, Atlas Shrugged, makes the argument that the movers and shakers, the people who Do, are absolutely vital to the world. Nothing would exist without them and if they should withdraw their talent and genius and effort, the world would come to a halt. She makes the case for the Indispensible Man. And in the novel (for those of you who have not read it), a man named John Galt, fed up with the growing People’s Movements around the world, which he sees as essentially parasitic, calls a strike of the truly important people. He convinces the men and women who truly matter to leave the world, retire, disappear, and when they have all left, it seems no one can do what they did, and everything falls apart. The final image shows them emerging from their high-tech hideaway to assume command as the true and rightful aristocracy of ability. It is, in her narrative, a very small group. [More . . . ]

Continue ReadingRand Paul and the Libertarian Wrong

Bill Maher on modern conservatives

Bill Maher wants right wingers to show their birth certificates to show that they are adult enough to have a discussion regarding how to run the country.

[C]onservatives are the ones who tend to believe in magical ideas, like: America is never wrong; you can defeat terrorism militarily; and lower taxes will somehow fix the deficit. And I'm not even mentioning the stuff about how Jesus used to fly around on a pterodactyl and just hated it when homos ate wedding cake. Now, am I saying there are no adults in today's Republican Party? Absolutely not, there are -- but like a lot of parents today, the adults let their kids cow them. And silence them. And rule over them.

Meanwhile, at Rolling Stone, Tim Dickinson has written an article titled "Rove Rides Again," in which he describes the plan of Karl Rove and Ed Gillespie to become "free agent strategists," and details their aim of raising major money to destroy the Democrats in the upcoming election. Dickinson notes that the recent United States Supreme Court case of Citizens United "opened the floodgates for unlimited political spending by corporations and individuals." He also notes, however, that Citizens United "left in place strict limits on contributions to party committees, and it preserved the legal firewall that bars campaigns from coordinating directly with the outside groups now empowered to spend millions on their behalf." Rove is working with a group called "American Crossroads," which appears to be the main destination for the money to be provided by the richest donors of the GOP. Rove and American Crossroads will collect unlimited contributions from individuals and corporations to back GOP candidates or instigating "the dirty tricks of which Rove is a Jedi Master." All of this is foreseeable, of course, but what remains to be seen is how well Rove's plan meshes with the plan of those who support the "Tea Party." Dickinson's answer is that Rove will exploit the frustration of the Tea Party for his own uses. [more . . . ]

Continue ReadingBill Maher on modern conservatives

The war is making us poor Act

I'm delighted to share the letter that Representative Alan Grayson just sent to me. The basic idea is that the obsession of U.S. politicians to fight needless wars is making us poor as a nation (in addition to the immorality of what we are doing in Iraq and Afghanistan). After reviewing the letter, I went to Grayson's website dedicated to cutting the military budget, I became about the 11,000th person to sign his petition, and I'm reprinting Grayson's letter (below). Finally, we see someone who can speak about the military budget with some sanity. I agree with Alan Grayson that we need to stop our absolutely senseless "wars" and, instead, use our money here at home to stabilize our country's noticeable downward economic and social slide. Before you read Grayson's letter, please review (and choke on) two posts about the U.S. military budget numbers here and here.

Dear Erich,

Next week, there is going to be a "debate" in Congress on yet another war funding bill. The bill is supposed to pass without debate, so no one will notice.

What George Orwell wrote about in "1984" has come true. What Eisenhower warned us about concerning the "military-industrial complex" has come true. War is a permanent feature of our societal landscape, so much so that no one notices it anymore.

But we're going to change this. Today, we're introducing a bill called 'The War Is Making You Poor Act'. The purpose of this bill is to connect the dots, and to show people in a real and concrete way the cost of these endless wars. We're working to get co-sponsors in Congress, but, we need citizen co-sponsors as well. Become a citizen cosponsor today at TheWarIsMakingYouPoor.com. Act Now.

Next year's budget allocates $159,000,000,000 to perpetuate the occupations of Afghanistan and Iraq. That's enough money to eliminate federal income taxes for the first $35,000 of every American's income. Beyond that, leaves over $15 billion to cut the deficit.

And that's what this bill does. It eliminates separate funding for the occupation of Iraq and Afghanistan, and eliminates federal income taxes for everyone's first $35,000 of income ($70,000 for couples). Plus it pays down the national debt. Does that sound good to you? Then please sign our petition in support of this bill, and help us build a movement to end our permanent state of war.

The costs of the war have been rendered invisible. There's no draft. Instead, we take the most vulnerable elements of our population, and give them a choice between unemployment and missile fodder. Government deficits conceal the need to pay in cash for the war.

We put the cost of both guns and butter on our Chinese credit card. In fact, we don't even put these wars on budget; they are still passed using 'emergency supplemental'. A nine-year 'emergency'.

Let's show Congress the cost of these wars is too much for us. Tell Congress that you like 'The War Is Making You Poor Act'. No, tell Congress you love it. All we are saying is "give peace a chance." We will end these wars.

Together.

Courage,

Alan Grayson

Continue ReadingThe war is making us poor Act