My column in today's New York Times eXaminer is ostensibly on Charles Blow's uncritical post re: Mitt Romney's "victory" speech Tuesday night. But since Blow totally missed it, my column is most useful, I think, as a rundown of what a bunch of crap Romney's speech was. The NYTX front page is here with links to some great stuff. NYTX is in the last week of its subscription drive, so if you were of a mind to sign up, now would be a good time to do so. ...
... If I coulda, I woulda defended Krugman in the Krugman-Bernanke brouhaha, but I told NYTX editor Chris Spannos I wasn't smart enough. He contacted economist Dean Baker, who is smart enough. Tho Baker was reluctant, he has weigned in, coming down on Krugman's side. Here's Baker's post. The "debate" started with this article, to be printed in this week's New York Times Magazine, in which Krugman criticizes Bernanke for not sticking to his own principles & doing more to manipulate the economy to encourage jobs growth -- which is half of the Fed's charter. In response to a question from New York Times reporter Binyamin Appelbaum, Bernanke responded that Krugman was "absolutely incorrect." In a blogpost, Krugman replied, "... as I see it, in effect he [Bernanke] declared that he has been assimilated by the Fed Borg." ...
... Charles Pierce's review of Ross Douthat's book about religious stuff is priceless.
Here's an American Crossroads (Karl Rove) anti-Obama ad that just makes me like the President better:
Jann Wenner of Rolling Stone interviews President Obama.
Episode 2 of "Money, Power & Wall Street." You have to play through at the end of the video to see the full episode:
Jared Bernstein enters into the World-Where-Facts-Matter & reviews scholarly research that all shows that raising the tax rate on high-income earners has no negative impact on the economy.
Jessica Silver-Greenberg & Ben Protess of the New York Times: "An increasing number of the nation’s large banks — U.S. Bank, Regions Financial and Wells Fargo among them — are aggressively courting low-income customers ... with alternative products that can carry high fees. They are rapidly expanding these offerings partly because the products were largely untouched by recent financial regulations, and also to recoup the billions in lost income from recent limits on debit and credit card fees."
Nicholas Kristof: autopsies of dozens of veterans' brains show evidence of a disease called chronic traumatic encephalopathy, or C.T.E., raising the question, "Could blasts from bombs or grenades have a catastrophic impact similar to those of repeated concussions in sports, and could the rash of suicides among young veterans be a result?"
Dream Act -2.0. Peter Wallsten of the Washington Post: Sen. Marco Rubio's (RTP-Fla.) "alternate" Dream Act "puts Obama in a box. Democrats are reluctant to see Rubio's efforts as anything other than a political gambit to repair his party's tarnished image with Hispanics and boost his own profile as a potential vice-presidential pick or future White House contender. But if Obama does not at least try to work with Rubio, he could risk losing a centerpiece of his appeal to Hispanic voters — that he is their fiercest ally in Washington and that the GOP is to blame for lack of action on fixing the country's immigration ills." ...
... CW: Obama should call Rubio into the Oval, tell Rubio he knows what he's up to, then green-light the plan, if Rubio ever gets it written down, even tho the plan leaves these kids as 2nd-class noncitizens. This is the only way Obama can one-up Romney's certain embrace of the plan, which Romney says he's "studying."
The Presidential Race
"The Wrong Message." Fareed Zakaria: "Recently the president and his advisers have focused on taxing the rich and tackling inequality. The 'Buffett rule' tax on millionaires has become Obama’s bumper sticker. The proposal is reasonable — but does not deserve the attention Obama is showering on it. It raises a trivial sum.... It adds one more layer to a tax code that is already the most complex and corrupt in the industrialized world. If the president wants to be bold, he could propose comprehensive tax reform and eliminate the hundreds of deductions, exemptions, credits and loopholes, many of which Congress sells in exchange for campaign contributions.... Warren Buffett has said that, in the midst of the economic slowdown, his strategy was to invest in America. That's the Buffett rule Obama should follow."
Gail Collins: "We are now in for six months of Mitt Romney versus Barack Obama, and with the polls showing the race to be very close, you could argue that it is going to be really exciting. Except for the fact that it's Mitt Romney versus Barack Obama."
Jed Lewison of Daily Kos makes the case that, with two exceptions, Mitt Romney hasn't been much of a flip-flopper. On the contrary, he has stuck to his newly-honed conservative guns.
Jamelle Bouie of American Prospect: "In his victory speech last night, the former Massachusetts governor offered a startlingly dishonest take on the last three and a half years of the Obama presidency." Bouie, by contrast, offers a starltingly honest take.
Right Wing World *
"The Wonk Gap." Steve Benen: right-wing experts, even when they know better, will say anything, do anything to score points for their side. Case in point, economist Glenn Hubbard, once a Dubya's economist, now working for Romney, "has a Wall Street Journal op-ed arguing that President Obama's budget plan includes a secret plan to raise everyone's taxes by 11%. Commenting on the piece, Treasury Secretary Tim Geithner said Hubbard's argument is 'completely made up,' and a 'remarkably hackish observation for an economist.'"
Tim Noah of The New Republic: "House Majority Leader Eric Cantor last week became, I think, the highest-ranking Republican poobah to say, pretty much outright, that we need to soak the poor. More remarkable still, he said we need to do it in order to avoid raising taxes on the rich!" Here's that sniveling little weasel on the Utoobz:
* From which no fact returns unmutilated. -- Akhilleus
Reuters: "The family of al Qaeda leader Osama bin Laden, killed almost a year ago by American special forces in a military town in northwest Pakistan, left Pakistan for Saudi Arabia early on Friday morning, the family lawyer told Reuters. The move ends months of speculation about the fate of the three widows and 11 children, who were detained by Pakistani security forces after the May 2 raid. 'Yes, they're being deported to Saudi Arabia,' said Aamir Khalil, the family lawyer. 'It is a special flight.'"
San Diego Union-Tribune: "Sgt. Gary Stein, the Camp Pendleton-based Marine who made national headlines for his disparaging remarks about President Barack Obama on Facebook, has been thrown out of the Corps."
Washington Post: "A measure that would reauthorize the Violence Against Women Act was approved by the Senate Thursday with broad bipartisan support, despite some Republican objections to key provisions. The battle over those differences now moves to the House, where Republicans are pushing an alternative version of the bill."
New York Times: "The drama of former Senator John Edwards's trial took a few more twists on Thursday as Andrew Young ... admitted submitting misleading financial statements to a wealthy benefactor who thought he was helping the senator hide a mistress." ...
... News & Observer: "Andrew Young, the former aide for John Edwards, acknowledged under a rough cross-examination Thursday afternoon that much of the money obtained from two wealthy supporters went into the construction of his $1.5 million Orange County home." The News & Observer's Edwards page is here.
AP: "A military judge rejected a defense motion Thursday to consolidate some of the charges against [Pfc. Bradley Manning].... Col. Denise Lind was still considering a defense motion to dismiss the most serious charge against [him] — aiding the enemy — which carries a maximum life sentence. She said problems with a Fort Meade Internet connection had slowed her work on that matter and might delay her ruling until a later date."
AP: "The number of people seeking U.S. unemployment benefits remained stuck near a three-month high last week, a sign that hiring has likely slowed since winter. The Labor Department said Thursday that weekly applications dipped 1,000 to a seasonally adjusted 388,000. It was little changed from the previous week's figure, the highest since Jan. 7."
AP: "Chrysler followed its strong first-quarter sales with a big profit, sending its 2009 brush with financial death farther into the rearview mirror. The Auburn Hills, Mich., company made a net profit of $473 million, its best quarter in 13 years, mainly on the back of strong U.S.sales."
Washington Post: "The United States has begun launching drone strikes against suspected al-Qaeda operatives in Yemen under new authority approved by President Obama that allows the CIA and the military to fire even when the identity of those who could be killed is not known.... The policy shift marks a significant expansion of the clandestine drone war against an al-Qaeda affiliate that has seized large pieces of territory in Yemen and is linked to a series of terrorist plots against the United States. U.S. officials said that Obama approved the use of 'signature' strikes this month and that the killing of an al-Qaeda operative near the border of Yemen's Marib province this week was among the first attacks carried out under the new authority."
New York Times: "Charles G. Taylor, the former president of Liberia and once a powerful warlord, was convicted by an international tribunal on Thursday of 11 counts of aiding and abetting war crimes committed in Sierra Leone during that country's civil war in the 1990s. The ruling, announced by Presiding Judge Richard Lussick of Samoa, said Mr. Taylor was guilty of involvement in crimes against humanity and war crimes including murder, rape, slavery and the use of child soldiers. The court, however, said the prosecution failed to prove that Mr. Taylor had direct command responsibility for the atrocities in the indictment."
New York Times: "The front-runner for the French presidency, the Socialist candidate to renegotiate a fiscal treaty in order to promote growth.", said on Wednesday that if elected he would ask other European leaders
Washington Post: "Israel’s military chief said in an interview published Wednesday that he believes Iran will choose not to build a nuclear bomb, an assessment that contrasted with the gloomier statements of Prime Minister Benjamin Netanyahu and pointed to differences over the Iran issue at the top levels of Israeli leadership." Here's the interview of Lt. Gen. Benny Gantz in Haaretz.
Washington Post: "Pakistan’s Supreme Court on Thursday convicted Prime Minister Yousuf Raza Gilani of contempt for defying its orders to reopen an old corruption case against the president, but the justices spared Gilani any prison time. The sentence was symbolic, lasting only until judges left the courtroom. But Gilani's political future remains clouded with the possibility that he could still be removed from office."
AP: "Analysts who have studied photos of a half-dozen ominous new North Korean missiles showcased recently at a lavish military parade say they were fakes, and not very convincing ones, casting further doubt on the country's claims of military prowess."
Guardian: "Rupert Murdoch has admitted to the Leveson inquiry there was a 'cover-up' at News International over the phone-hacking scandal. Murdoch, the News Corp chairman and chief executive, giving his second day of evidence to the inquiry in London, said he was 'misinformed and shielded' from what was going on at the News of the World, adding that there was a 'cover-up'."