The Commentariat -- January 28, 2012
President Obama's Weekly Address:
... The transcript is here.
Maybe you're sick of the State of the Union address, but Jim Fallows -- a former presidential speechwriter, BTW -- has a terrific edition, with his own smart annotations. Click on the underlined text, and the annotations pop up. Some are pretty funny. ...
... Robert Scheer writes an excellent reality check on President Obama's SOTU address. CW: what he writes is exactly the reason I backed Obama over Hillary Clinton -- I did not want to get Clintonized again. Yet Obama, if he is Bush III on foreign affairs, is Clinton II on domestic policy. ObamaCare is fiscally-conservative HillaryCare, Dodd-Frank & its Volcker Rule is nowhere near Glass-Steagall, & Obama's Simpson-Bowles Commission belt-tightening deficit-reduction is as Clintonesque as it gets -- right down to Bowles, who was Clinton's chief-of-staff. Occupy is far from finished its work. Read Scheer, who hits other topics in the SOTU. I think the only difference between then & now is that WE are smarter this time. We must stay smart. And tough.
Diane Sawyer interviewed President Obama; the interview aired Thursday:
Peter Whoriskey of the Washington Post: "The Commerce Department on Friday issued its quarterly report showing that the economy expanded at a comfortable rate of 2.8 percent during the last quarter of last year.... But the report and other recent economic data suggest a stark divide between the fortunes of businesses and people. Companies are thriving again, but households have come under financial stress.... The employment level is down about 6 million from its peak of about 146 million just before the downturn.... Wage increases have been modest, too.... Though consumers are spending more, they are also saving less, with the personal savings rate dropping for each of the last four quarters.... Moreover, disposable personal income is slightly lower than it was a year before in inflation adjusted dollars."
Here's the text of an e-mail I just got from my friends at Google. See the January 26 Commentariat for related new stories:
We're getting rid of over 60 different privacy policies across Google and replacing them with one that's a lot shorter and easier to read. Our new policy covers multiple products and features, reflecting our desire to create one beautifully simple and intuitive experience across Google.
We believe this stuff matters, so please take a few minutes to read our updated Privacy Policy and Terms of Service at http://www.google.com/policies. These changes will take effect on March 1, 2012.
March 1, 2012 is when the new Privacy Policy and Terms will come into effect. If you choose to keep using Google once the change occurs, you will be doing so under the new Privacy Policy and Terms of Service.
Reuters: "Apple Inc has never turned 'a blind eye' to the problems in its supply chain and any suggestion it does not care about the plight of workers is 'patently false,' Apple Chief Executive Tim Cook said in an email to employees. Cook was responding to a report in The New York Times about working conditions at Apple's main contract manufacturer, Foxconn, in China, an issue that for years has been a thorn in the company's side." CW: Ah, good. None of those damning reports is true. And Cook is really earning his $60 million a year, isn't he?
Matthew Yglesias in Slate: "... Data released this month as part of the [International EnergyAgency]’s latest World Energy Outlook report ... shows that in 2010 the world spent $409 billion on subsidizing the production and consumption of fossil fuels, dwarfing the word’s $66 billion or so of subsidies for renewable energy. Phasing fossil fuel subsidies out would be sufficient to accomplish about half the reduction in greenhouse gas emissions needed to meet the goal of preventing average world temperatures from rising more than 2 degrees Celsius."
David Firestone of the New York Times: in case you've forgotten, because Republicans keep lying to you about them & Newt & Willard keep sliming each other with them, Fannie & Freddie did not cause the financial crisis.
Right Wing World
** Daniel Denvir in Slate: "... the stereotyping of black government dependency ... serves the strategic end of discrediting the entire social safety net, which most Americans of all races depend on. Black people are subtly demonized, but whites and blacks alike will suffer." CW: I thought this was 40-year-old "news," but Denvir puts the history of social safety net programs together to make some very good points. For instance, I never thought of this: "On Social Security, [Rick] Santorum is making what appears to be a safe argument for reform: cutting rich people out of the program. Right now, Social Security belongs to everyone. Cutting rich people out is the first step to making it a program for the poor. Making something a program for the poor — see food stamps, Medicaid and welfare — is the first step toward eliminating it."
Mitt Romney, Candidate of the Great Vampire Squid. Nicholas Confessore, et al., of the New York Times: "No other company is so closely intertwined with [Mitt] Romney’s public and private lives [than is Goldman Sachs --] except Bain itself. And in recent days, Mr. Romney’s ties to Goldman Sachs have lashed another lightning rod to a campaign already fending off withering attacks on his career as a buyout specialist, thrusting the privileges of the Wall Street elite to the forefront of the Republican nominating battle." Goldman has been bankrolling Willard for decades, and now they're his biggest contributors.
Matt Viser of the Boston Globe: "Republican presidential candidate Mitt Romney has long been critical of Fannie Mae and Freddie Mac, blaming the government-backed housing lenders for inducing the home-mortgage crisis and saying they have become too unwieldy.... Yet Romney has profited from investments that were made in both government entities.... And unlike most of Romney’s financial holdings, which are held in a blind trust that is overseen by a trustee and not known to Romney, this particular investment was among those that would have been known to Romney."
Local News
Campbell Robertson & Stephanie Saul of the New York Times: "A close look at some of the clemency applications of the nearly 200 others who were pardoned [by outgoing Gov. Haley Barbour of Mississippi] reveals that a significant share contained appeals from members of prominent Mississippi families, major Republican donors or others from the higher social strata of Mississippi life." Barbour issued "more than 10 times as many pardons as his four predecessors combined."





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