It's the end of the World as we know it, and I feel fine!!!

It's been a long week!


Who wants a martini?

An old fashioned ass-whipping!

Sorry for being MIA on blogging lately. I have a lot of thoughts and not enough time... Here is Andrew Sullivan's live blog from the Atlantic Monthly. Quite astute observations. I agree, Obama kicked the snot out of McCain tonight.

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10.33 pm. This was, I think, a mauling: a devastating and possibly electorally fatal debate for McCain. Even on Russia, he sounded a little out of it. I've watched a lot of debates and participated in many. I love debate and was trained as a boy in the British system to be a debater. I debated dozens of times at Oxofrd. All I can say is that, simply on terms of substance, clarity, empathy, style and authority, this has not just been an Obama victory. It has been a wipe-out.It has been about as big a wipe-out as I can remember in a presidential debate. It reminds me of the 1992 Clinton-Perot-Bush debate. I don't really see how the McCain campaign survives this.

10.26 pm. Israel and Iran: I'm relieved that this question is raised. It's the hardest question the next president will have to face. I honestly feel very conflicted about this. I want to know how these candidates will react. McCain's invocation of a "league of democracies" as the answer is a little bizarre. Obama's answer was very political and very persuasive. I just don't believe we can stop Iran, although Obama's answer on gasoline imports was specific and smart. He won the exchange, but he didn't convince me. I wish he had.

10.15 pm. This is Obama's sucker-punch. "Bomb, bomb, bomb Iran." Ouch. Pow. Oof. Nothing aloof about that right hook.

10.11 pm. "We will kill bin Laden. We will crush al Qaeda." This is a Democratic candidate. Can you remember the last one who used rhetoric like that on national security?

10.07 pm. McCain's response on the surge and genocide was a good one. I'm not sure that the surge has solved anything rather than simply freezing the civil war in place, but he has a decent moral point on this. But Obama's measured mix of moral concern with pragmatic alliance-building was very strong. It's really a return to Niebuhrian realism.

10.02 pm. It would have been a strong moment for McCain when he cited "no on the job training" in the White House. And then he picked Palin! She can't even hold a press conference and he thinks she can be trusted with national security at a moment's notice. It makes no sense.

9.59 pm. On CNN, Obama has reached the maximum with women voters a few times and literally couldn't go up any further. The gender gap is very powerful in these debate insta-reax polls at least. Even Palin ran well behind with women.

9.56 pm. Mandates? I thought I sat through countless debates with Hillary when Obama was opposed to mandates, while Hillary was in favor of them. His response about his mother was very powerful.

9.55 pm. Hair transplants? Where on earth did that come from?

9.54 pm. McCain: "Obama will find you." He's treating him like the Boogeyman. People know he isn't. So it just makes McCain look paranoid.

9.51 pm. Why is McCain wandering around the stage while Obama is talking? It's weird. He looks like an old man pacing aimlessly. And he doesn't look at Obama while Obama talks the way Obama looks at him when McCain talks. This is not that important but I don't think it helps McCain.

9.49 pm. Two flashes from McCain so far: "that one," referring to Obama, and citing Obama's "secret." Nasty, uncivil and not even effective.

9.48 pm. The format: I'm surprised because frankly, I think this format is helping Obama, especially since it emphasizes movement. And Obama is physically very fluent. McCain sadly is.

9.42 pm. I like McCain on social security. The old pre-Rove McCain was someone I loved. But I can't trust him on this any more after this campaign, I'm afraid. Alas: "have a commission" is a little lame as an answer.

9.41 pm. Obama got a little muddled on taxes there.

9.38 pm. Memo to McCain: don't talk about Herbert Hoover. The Abraham Simpson problem.

9.33 pm. Obama's response on the question of sacrifice of citizens was out of the park. He was able to ask for sacrifice without seeming like a scold or a doom-monger. That's tough. And his insistence that he too favors off-shore drilling and reveres military service and wants others to shoulder the burden now uniquely born by the military was exactly right. This is overwhelmingly now in Obama's favor.

9.29 pm. Good for McCain on tackling earmarks. But he knows this is trivial in the context of the entire federal budget. I have to say that Obama is winning this so far on substance, crispness and authority.

9.25 pm. Kudos to McCain on entitlement reform. But his refusal to prioritize among healthcare, energy and entitlement reform and insist we can do everything at once did not sound like a decisive and clear leader.

9.21 pm. Obama's riff on the Republican fiscal profligacy was important. It's vital not to forget the Republican responsibility for our fiscal mess.

9.17 pm. McCain is at least looking at Obama. Alas, when he walks around, he seems a little older than he does at a podium. This isn't his fault. But the age and generational factor seems more pronounced tonight.I thnk it's a mistake to attack "Obama's cronies". It seemed partisan and negative when people want constructive solutions.

9.14 pm. So far, Obama is walking away with this. I'm a little stunned that McCain's first response to the financial crisis was to cite energy independence, a policy where both candidates are closely aligned. But Obama has also put in a couple of jabs that seemed off to me. The winner will be the man who addresses the concrete issues in a way that most people can understand. So far, Obama is winning that. But he's been a little off in challenging McCain.

Turns out that Gordon was full of it...

What we need now are more secret rooms...

The political and economic worlds are fascinating of late.  I must admit, though, that I am watching this all unfold rather dispassionately, knowing that my investments are mostly in S&P and International Stock funds and that they are not going anywhere for 35 years.  

 

I enjoyed being able to take a week off focusing on the election to focus on the economy, which is far and away more interesting.  I was quietly supportive of the approach being pursued, until I read the plan.  Hank Paulson is a bright guy, but he is still a robber baron of the banking industry and I must admit the plan reads like using Republican ideas (bailout blind behind closed doors) to fix a Republican economic strategy failure (de-regulation and evisceration of what regulatory agencies are left standing).  Paul Krugman in today's NY Times gets it quite right.  They are proposing to attack the wrong component of the problem and they are doing it in an un-transparent (is that a word?  How about opaque) manner that runs contrary to what investors need right now.  The market thrives on security.  It is why we got into this mess in the first place.  Bankers were trying to artificially minimize risk.  It turns out that this mitigation was really only superficial and not tactile.  The big problem is that no one knew how the whole house of cards system worked.  Certain people knew how certain facets worked, but no one had command of the entire problem.  We don’t necessarily need more regulation but we do need laws that prohibit the market from tying itself in such an idiotic and inept snare again.  The last thing we should do is empower the Treasury Secretary to go off and spend upwards of $700 billion without any agency or Congress being able to ask any questions en route.  Bad news!  

 

We'll see if Congress can fix the bill or if they will just gum it up even worse.  I have heard some good proposals (executive compensation concessions) and some really idiotic ones (tax increases to offset this expenditure).  I am totally opposed to passing the proposed legislation as drafted by the Bush administration.  They talk about urgency, like they talked about the urgency of passing the PATRIOT Act and the Authorization for the use of force in Iraq.  I say slow down, and if desperate Congressmen and women are a week late getting home to campaign; tough beans!

Words to live by...

...from a great man of Massachusetts!

"A foolish consistency is the hobgoblin of little minds."

-Ralph Waldo Emerson

Macro-hoo ha!

My Republican friend sent me an e-mail with his "tax plan."

Tax:
-Eliminate all corporate subsidies for profitable companies
-Do not raise cap gain taxes
-Lower taxes across the board for Upper and Middle Classes(in lieu of the Bush tax cuts being eliminated.)
-Lower corporate taxes, only Japan has a higher tax rate......

I respond with a Teddy Roosevelt quote:

"I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective - a graduated inheritance tax on big fortunes, properly safeguarded against evasion and increasing rapidly in amount with the size of the estate."
- Theodore Roosevelt Osawatomie, Kansas on August 31, 1910

He then responded by saying:

“income reallocation = Marxism...”

Now, I love when people use words they don't understand... I responded with:

Holy oversimplification Batman! That is like a CNN assessment. Thank you, Brett, for breaking the tenets of Marxism into a soundbyte, which, while entirely worthless and factually inaccurate, is tasty and easy to digest.

If I was going to break Marxism into a one sentence soundbyte, I might prefer to say that it is:

Marxism = A belief that capitalism is based on the exploitation of workers by the owners of the means of production and that this dialectical historical process will ultimately result in a replacement of the current class structure of society with a system that manages society for the good of all, resulting in the dissolution of the class structure and its support.

There is no macroeconomic theory there. You are likely referring to Socialism. Marxism is sociological, anthropological, and philosophical theory.

You call Socialism wealth redistribution. A Marxist would say that it is workers simply laying claim to just compensation for the one part of the capitalist process that they own. That is the Labor Theory of Value, in case you were curious.

Marxism is generally wishful thinking, pie in the sky, rubbish, but the Labor Theory of Value is spot on and quite compatible with the Capitalist system.

Henry Ford (and no one would dare call him anything but a Capitalist) understood this when he voluntarily paid his employees a living wage and reduced the length of their work week. The Wall Street Journal called him a Communist. The joke was on them. He bred loyalty in his workforce and by paying them well he expanded the market for automobile ownership.
I do not believe that humans are capable of a Marxist system. It neglects the flaw of humanity, which is inherent greed. Social democracy on the other hand is a system of fairly compensating workers (without whom the Capitalist system would fail) for their role in society. Social democracy calls for living wages, adequate work-life balance, universal health care…

But I am wasting my breath on you. You are a social Darwinist and believe that everyone should be able to succeed like you succeeded. You ignore, like Ford's critics, that the tenets of social-Capitalism or social democracy are in the interests of all and that when done in unison a rising tide really could lift all boats. It means that the rich have to pay a higher percentage. The rich get richer and the poor move out of poverty creating a whole new class of consumers for the shit the rich people make and sell.

…

Your thoughts?

A thought that will fester for a while

That I am an unabashed fan of the Kennedy family is no secret. They are the definition of public service. Born with all the privileges in the world, they fought not for more wealth or the interests of the rich but rather for the silent majority. That Ted Kennedy has endorsed Senator Obama and says he sees the spirit of his brothers in him is a huge endorsement in my opinion. I am a huge fan of Robert Kennedy, Jr. and his work with the River Keepers, the Natural Resources Defense Council and his writings. That he found his passion for environmental policy while doing Court mandated community service to make amends for youthful failings and has turned it into his life's crusade is noble and honorable! Here are his thoughts of the Rube quoting Westbrook Pegler in her convention and stump speech:

Governor Palin’s Reading List

By Robert F. Kennedy, Jr.

“Fascist writer Westbrook Pegler, an avowed racist who Sarah Palin approvingly quoted in her acceptance speech for the moral superiority of small town values, expressed his fervent hope about my father, Robert F. Kennedy, as he contemplated his own run for the presidency in 1965, that ‘some white patriot of the Southern tier will spatter his spoonful of brains in public premises before the snow flies.’

“It might be worth asking Governor Palin for a tally of the other favorites from her reading list.”

What an admirable person to want to quote in her speech. In the Rube’s defense; she has no idea who Westbrook Pegler is, she has never read any of his writings, she probably doesn’t read anything at all. For those that missed it, I recommend reading the cover article on the Rube in last Sunday’s New York Times. A particularly important snippet dealing with the Rube’s efforts to ban books from the Wasilla is particularly poignant here:

“The new mayor also tended carefully to her evangelical base. She appointed a pastor to the town planning board. And she began to eye the library. For years, social conservatives had pressed the library director to remove books they considered immoral.

“’People would bring books back censored,’ recalled former Mayor John Stein, Ms. Palin’s predecessor. ‘Pages would get marked up or torn out.’

“Witnesses and contemporary news accounts say Ms. Palin asked the librarian about removing books from the shelves. The McCain-Palin presidential campaign says Ms. Palin never advocated censorship.

“But in 1995, Ms. Palin, then a city councilwoman, told colleagues that she had noticed the book ‘Daddy’s Roommate’ on the shelves and that it did not belong there, according to Ms. Chase and Mr. Stein. Ms. Chase read the book, which helps children understand homosexuality, and said it was inoffensive; she suggested that Ms. Palin read it.

“’Sarah said she didn’t need to read that stuff,’ Ms. Chase said. ‘It was disturbing that someone would be willing to remove a book from the library and she didn’t even read it.’

“’I’m still proud of Sarah,’ she added, ‘but she scares the bejeebers out of me.’”

I think the thing that I take away from this new information is two fold. First, I could never, ever, ever support a candidate who wants to ban books for being immoral. Second, if you want to ban a book you should probably have read it, know what it is about AND (not or) be able to explain your moral objections.

Don’t be a wuss, Rube! You hate gay people. But honestly, if those are your beliefs, stand by them! Do you truly lack the intestinal fortitude to stand by your beliefs? Can you really be trusted to stand firm in the face of Putin if you shrink away from your homophobia? Stand up, Rube! Stand firm! Anything less would be to fail to live up to the standard of Westbrook Pegler, your inspirational standard bearer and moral compass!

More of the same...

Another Special Comment

Attaboy Will Hunting!

Damn! A compliment with a shiv in the back!

This is a great ad

I think every ad between now and election day attack or otherwise should be done like this...

Wow, it was worse then I thought it would be...

Ouch, she's a jibbering idiot!

Good info, not surprising!

Put your money where your mouth is...

http://my.barackobama.com/page/outreach/view/main/petereinhorn

Psst... McCain is the pig in lipstick!

You’ve heard it all before.  Washington wastes your money.  Those damn politicians and bureaucrats can’t be trusted with your hard earned money…

Let’s let the man speak for himself:

"I can eliminate $100 billion of wasteful and earmark spending immediately--35 billion in big spending bills in the last two years, and another 65 billion that has already been made a permanent part of the budget." 

--John McCain, NPR All Things Considered, April 23, 2008

McCain’s rhetoric about earmarks is all well and good, but if they want to have a beauty contest on wasteful spending, let’s look at the facts…

McCain’s magic solution for balancing the budget, while cutting taxes massively, is really mostly nonsense.  First of all, the $100 billion figure he openly cites (nice and rounded, isn’t it?) is largely a figment of the McCain campaign's imagination.  Naw, let’s not be delicate.  It is an outright fabrication, a LIE.  A 2006 study by the Congressional Research Service reviewed earmarks by different government departments, without giving a global figure.  Scott Lilly, a former Democratic appropriations staffer who is now with the Center for American Progress Action Fund says that the CRS study identifies a total of $52 billion in earmarks for a single year. However, much of this money is tied to items such as foreign aid to countries like Israel, Egypt, and Jordan, that McCain says he will not touch.

The Office for Management and the Budget came up with a figure for $16.9 billion in the 2008 appropriation bills. Taxpayers for Commonsense, an independent watchdog group that focuses on wasteful spending, identified $18.3 billion worth of earmarks in the 2008 bills.  Let’s us the Taxpayers for Commonsense number as our working number.  Let us also be clear about that $18.3 billion figure.  It is a 23 per cent cut from a record $23.6 billion set in 2005 when Republicans were in control of Congress.

OK, so McCain proposes eliminating earmarks with a swift stroke of the veto pen (aI am pretty sure it is a stamp and then a signature, but let’s not quibble).  Taxpayers for Commonsense is quite candid that it is "difficult question that we have not yet figured out," when looking at how much can actually be eliminated. 

The figure they cite includes such items as $4 billion for the U.S. Army Corps of Engineers, which could not be eliminated without halting work on hundreds of construction projects around the country.  Does anyone think that the Army Corps of Engineers should stop working on the levees in New Orleans or the flood control systems along the upper Mississippi River?  Who thinks we should stop checking, repairing and maintaining our flood control dams on the Lower Colorado River in Texas or on the levees in northern California?  OK, let’s see:

$18.3 billion minus $4 billion = $14.3 billion

The next big chunk goes to military construction projects.  This includes housing for servicemen and their families.  Let’s be clear that here, again, McCain has promised not to touch funding for our men and women in uniform.

In order to shoot holes in the McCain “corrupt, free spending Washington insider” ballyhoo I tried to find data from conservative sources.  Bruce Riedl, a budget analyst with the Heritage Foundation (they don’t get much more conservative than that), says it “might” be possible to eliminate roughly half the expenditure on earmarks each year.  If we stick to using the Taxpayers for Commonsense figures that would be around $9 billion.

Reidl was sure to cite $5 billion in Community Development Block Grant funds as worthy of cutting.  This money generally goes to local governments to assess housing and urban development issues (i.e. investment in lower income neighborhoods).  I suppose that I could get behind the concept of eliminating the earmark process altogether, but many of those expenditures would end up being shifted to other parts of the budget.

Let’s assume that McCain can, as promised, preserve the elimination of frivolous earmarks.  That will save only around $10 billion a year. That is no where near the $100 billion in savings that McCain says that he can identify "immediately."  I am going to go out on a ledge and say that John McCain is lying to the voters.

 

The McCain campaign has since backed away from their bravado.  They now say that McCain never meant to suggest that his proposed $100 billion in savings would all come from earmarks. If that is the case and in the absence of any other proposed areas for cutting, I think we must assume that he, like President Bush, can’t cut spending to offset his tax plan and will thus further exacerbate the deficit and continue to export our debt to China.  With their experiences with Freddie Mac and Fannie Mae back mortgage securities, will they want to buy our debt?  The answer, I would venture is yes.  A debtor is under the control of the lender and that is advantageous for China regardless of our ability to repay in the near term (or ever).  We can’t press China on North Korea, Iran, Russia, Darfur, climate change or a number of other urgent issues.

That isn’t change, that is more of the same!

The dude abides!

The sentence...

I want y'all to plaster this sentence from Adam McKay's piece everywhere...

"Katrina, four dollar gas, a trillion dollar war, rising unemployment, deregulated housing market, global warming...no more."

That says it all!

The press sucks! They are the only ones who don't get it!

I don't agree with the "losing this thing" bit, but I do agree with Adam's assessment of the press. We have no journalists asking hard questions and demanding answers. They are all glorified Access Hollywood hosts. Good luck Charlie Gibson, you worthless hack! I hope you ask the Rube some real questions and make her answer them, but I doubt you will. You're too afraid of being painted as liberals. There is a solution though; do the same thing to Obama and Biden! I am sure they would love it!

We're Gonna Lose This Thing

By Adam McKay - The Huffington Post

"Stop saying that!" my wife says to me. But this is not a high school football game and I'm not a cheerleader with a bad attitude. This is an election and as things stand now, we're gonna frickin' lose this thing. Obama and McCain at best are even in the polls nationally and in a recent Gallup poll McCain is ahead by four points.

Something is not right. We have a terrific candidate and a terrific VP candidate. We're coming off the worst eight years in our country's history. Six of those eight years the Congress, White House and even the Supreme Court were controlled by the Republicans and the last two years the R's have filibustered like tantrum throwing 4-year-olds, yet we're going to elect a Republican who voted with that leadership 90% of the time and a former sportscaster who wants to teach Adam and Eve as science? That's not odd as a difference of opinion, that's logically and mathematically queer.

It reminds me of playing blackjack (a losers game). You make all the right moves, play the right hands but basically the House always wins. I know what you're going to say " But I won twelve hundred dollars last year in Atlantic City!" Of course there are victories. The odds aren't tilted crazy, but there is a 51%-49% advantage. And in the long run, the house has to win. The house will win.

So what is this house advantage the Republicans have? It's the press. There is no more fourth estate. Wait, hold on...I'm not going down some esoteric path with theories on the deregulation of the media and corporate bias and CNN versus Fox...I mean it: there is no more functioning press in this country. And without a real press the corporate and religious Republicans can lie all they want and get away with it. And that's the 51% advantage.

Think this is some opinion being wryly posited to titillate other bloggers and inspire dialogue with Tucker Carlson or Gore Vidal? Fuck that. Four corporations own all the TV channels. All of them. If they don't get ratings they get canceled or fired. All news is about sex, blame and anger, and fear. Exposing lies about amounts of money taken from lobbyists and votes cast for the agenda of the last eight years does not rate. The end.

So one side can lie and get away with it. Now let's throw in one more advantage. Voter caging and other corruption on the local level with voting. Check out the article here on HuffPost about Ohio messing with 600K voters. If only five thousand of those voters don't or can't vote that's a huge advantage in a contest that could be decided by literally dozens of votes. That takes us to about a 52 to 48% advantage.

I'm not even getting into the fact that the religious right teaches closed mindedness so it's almost impossible to gain new voters from their pool because people who disagree with them are agents of the devil. I just want to look at two inarguable realities: A) we have no more press and B) the Repubs are screwing with the voters on the local level.

I'm telling you, we're going to lose this thing. And afterwords we'll blame ourselves the same way we did with Gore and Kerry (two candidates a thousand times more qualified to lead than W Bush.) Just watch.. McCain wins by a point or two and we all walk around saying things like "Obama was too well spoken." "Biden wasn't lovable enough." "I shouldn't have split those eights." "Why did I hit on 16? Why?!"

So what do we do?

1) We give definitive clear speeches like Biden and Obama gave the other day about how no one talked about any issues at the Republican Convention and how they outright lied. But we do them over and over again. 2) We use the one place where it's still a 50-50 game -- the internet -- as much as we can. 3) But most importantly we should bring up re-regulating the media and who owns it and what that conflict of interest is a lot more. By pretending there's no conflict of interest we're failing to alert the public that they're being lied to or given a looking at a coin at the bottom of a pool slanted truth. Every time a pundit or elected official is on any TV news program it should be a polite formality to mention that GE has made such and such billions off the war in Iraq by selling arms or that Murdoch is a right-wing activist with a clear stake in who wins and who taxes his profits the least. Disney, GE, Viacom, and Murdoch -- all want profits and the candidate and agenda that will get in their way the least.

Obama and Biden should also create a "master sound bite sentence" and repeat it hundreds of times. It should be so true that even the corporations can't screw with it when it makes the airwaves. Here's my attempt: "Katrina, four dollar gas, a trillion dollar war, rising unemployment, deregulated housing market, global warming...no more."

This race should be about whether the Republican Party is going to be dismantled or not after the borderline treason of the past eight years. But instead it is about making the word "community organizer" a dirty word and a beauty queen who shoots foxes from a plane. Someone is not in any way doing their job and it's the press. Or more specifically, that job no longer exists.

Probably the worst offenders are the pundits who take the position that it's all just a game and say phrases like "getting a post-convention bump" or "playing to the soccer Moms." This isn't a game of Monopoly or Survivor. There are real truths that exist outside of the spin they are given and have an effect on lives. 250,000 Iraqi civilians are dead because we let our reality be distorted by the most effective propaganda machine in fifty years, the corporate American press. Money and jobs are flying out of this country as our currency becomes worthless and we're talking about the fact that McCain is a veteran. If someone busted into your house and robbed you would you then forgive them if you found out they were a veteran? Of course not. So why are we forgiving McCain for selling out his country by supporting the Bush agenda?

This is it folks. If McCain takes power we fade and become Australia in the seventies: a backwoods country with occasional flashes of relevance. Except we've got a way bigger military and we're angrier. People will get hurt and we'll pay the bill for the bullets. I'm telling you, unless we wake up, we're gonna lose this frickin' thing.

Well said!

Do You Think I'm Stupid?
The Huffington Post

By Jamie Lee Curtis

Mr. Obama said it.... "They must think you are stupid." Stupid to believe that McCain/Palin are "change agents." Change is becoming this campaigns' ping pong ball and we are missing the point. Gandhi said, "You must be the change you wish to see in the world." Be it. Don't talk about it, don't pontificate about it. Be It. Action word. Demonstrative. Maybe Nike just drafted off that great statesman and made us all "Just do it."

Whatever, the call to action is now. Be it.

Jung said "Only that which changes, remains true." Truth -- unvarnished, well-vetted and precise.

My favorite quote is from The Princess Bride by William Goldman. In it, a street savvy young man hardened by the realities of the world, tells the princess..." Life is pain and anyone who tells you different is selling something.
Life is pain, hard, unfair and yet also achingly beautiful and transformative when we are walking toward truth.

When the Republicans had their convention and there were signs held high with the monikers...."G.I. John and Superwoman" I knew we were in trouble. They were selling a fantasy!

See, we are not stupid, we are humans, we can think and listen and learn. But if what we are taught is corrupt lies and if we are fed the "family truth" then we are not stupid, we are brainwashed. G.I. John and Superwoman take them away from being mortal humans and put them in to the comic book hero status, Teflon coated, impenetrable and as we are seeing today, in the case of Mrs. Palin, not even held accountable in an interview.

We are not stupid, but we are gullible, to fear, lies, misinformation and calculated deceit and that is what we are now up against and where we need to demonstrate the real change.