The Commentariat -- July 29, 2012

My column on Ross Douthat's Sunday sermon is up at the New York Times eXaminer. The NYTX front page is here.

** Prof. Drew Westen: "If Obama loses the election, here's why." CW: an excellent essay that lays out in one place the foolish mistakes Obama has made during his presidency. And, no, this isn't a case of hindsight being 20-20. Many of us here railed against these very mistakes as Obama was making them. There have been few disappointments in my life greater than watching a man with such potential turn himself into an ordinary pol. We can hope he's learned his lessons, but we have little in the way of assurances.

** Prof. Joe Stiglitz in the Los Angeles Times: "Any solution to today's problems requires addressing the economy's underlying weakness: a deficiency in aggregate demand. Firms won't invest if there is no demand for their products. And one of the key reasons for lack of demand is America's level of inequality -- the highest in the advanced countries." Read the whole essay: it's a straightforward prescription for repairing the economy, writ in very few, but easily understandable, words.

Prof. Richard Muller in a New York Times op-ed: "Three years ago I identified problems in previous climate studies that, in my mind, threw doubt on the very existence of global warming. Last year, following an intensive research effort involving a dozen scientists, I concluded that global warming was real and that the prior estimates of the rate of warming were correct. I'm now going a step further: Humans are almost entirely the cause.

Andrew Rosenthal really hates it when the White House misleads him, even on a trivial matter. In "The Great Bust Incident: Part II," he writes, "The complaints about Mr. Obama’s decision regarding the bust are without merit. The White House’s handling of the issue was bumbling and amateurish. In other words, business as usual." CW: I'm actually glad to see Rosenthal cares about trivialities.

Presidential Race

Rattling Somebody Else's Saber -- the Bellicose Candidate Abroad. Kasie Hunt of the AP: "Mitt Romney would respect an Israeli decision to make a unilateral military strike against Iran aimed at preventing Tehran from obtaining nuclear capability, a top foreign policy adviser said Sunday as he outlined the aggressive posture the Republican presidential candidate will take toward Iran in a speech in Israel later in the day." ...

     ... Update: Here's the New York Times report on Romney's speech. Here's a more detailed report from Al Jazeera, along with a 9-minute video of Romney's speech.

... He Can't Handle a Photo-Op. Mitt 'looks forward to chatting" with Bibi about military options against Iran. Who "chats" about military strikes? Oh, somebody who doesn't give a damn about the little people who will inevitably die in any military operation:

Maureen Dowd writes a spot-on takedown of Mitt's Misadventures in Merry Olde England.

Karen Tumulty of the Washington Post: "... in a new USA Today-Gallup survey..., respondents gave Romney higher marks on every issue that voters say they care most about this year: the economy, jobs, taxes, the deficit. But President Obama crushed Romney -- 60 percent to 30 percent -- on the question of which of the two was more likeable.... In every election for the past two decades, the candidate viewed as more likable was also the one who won." ...

     ... CW: this is the counter-factual to racism; in the poll results Tumulty linked, dated July 9, the results were 64-26 in favor of Obama over Romney. When 64 percent of respondents say they find Obama more likable than Romney, I think you have to assume that at least 64 percent -- or almost 2/3rds -- of Americans do not hold overtly racist attitudes toward blacks (of course that's not 64 percent of white Americans). In view of what we've witnessed during the GOP primaries, I find that encouraging.

CW: since I don't look at the Huff Post unless someone else directs me there, I missed this piece by Jason Cherkis, which discusses Romney's days as a registered lobbyist for the Salt Lake Olympics Committee. Cherkis recalls some of the highlights of Romney's deals -- reported contemporaneously -- which transferred your tax dollars to SLC wheelers & dealers.

Still, the Salt Lake Olympics were All about Mitt. Alex Seitz-Wald of Salon: "Romney commissioned five separate official pins bearing his name and likeness, including one that had animals declaring 'Hey Mitt, we love you.' ... 'There have been plenty of big-headed CEOs for Olympic Games, but none has ever had his or her likeness on a pin,' says Ed Hula, a veteran Olympics pin collector told NPR.... Ken Bullock, who served with Romney on the board of the Olympic committee, later told NPR. 'He’s an opportunist. And he took advantage of [the games].'"

Pundits are getting around to what some wise Reality Chex contributors have been saying. Joan Walsh of Salon: could Romney's gaffosis "be more than entitlement and an odd personal style? I've found myself wondering over the course of the campaign whether Romney has some kind of personality disorder, so dissociated does he occasionally seem from the well-worn routines of normal human interaction. Maybe we should be asking to see his medical records and not just his tax returns. I don't mean to be flippant about that or insensitive to any kind of problem he may struggle with. But his struggles are our struggles; he's running to be our president. There is something very odd about Mitt Romney." ...

     ... CW: so maybe withholding the tax records is part of a scheme to distract the media from pressing for the medical records. ...

... Fred Kaplan of Slate: "Mitt's insults, mistakes, and blunders abroad aren't gaffes. They actually represent his true worldview. Romney is not the sort of businessman -- his brand of capitalism is not the sort of enterprise -- that requires even the most elementary understanding of diplomacy, courtesy, or sensitivity to other people's values, lives, or perceptions."

Mittness Protection Program. Philip Rucker of the Washington Post: "... Mitt Romney, who touched down [in Jerusalem] Saturday night..., plans to wrap up his visit to Israel by collecting money from some of his biggest benefactors behind closed doors. Some of Romney's Jewish donors are flying here from the United States..., including Las Vegas casino mogul Sheldon Adelson.... The campaign's decision to close the fundraiser to the press violates the ground rules it negotiated with news organizations in April...." ...

     ... Update: Mitt, Unchained! Jonathan Martin of Politico: "Mitt Romney's campaign has reversed a decision to not allow the media into a fundraiser here Monday morning, bowing to reporters' demand that they be allowed to record the Republican's address to some of his top donors."

Henry Alford of Vanity Fair imitates Mitt & takes an action-packed working vacation on Lake Winnipesaukee, all of which he recounts in a New York Times travel piece. Enjoyable.

Note to Vendors: Demand Cash for Services. David Levinthal & Robin Bravender of Politico: presidential also-rans stiff small businesses that provided services to their campaigns. Oh, whatever happened to financial responsibility?

Right Wing World

This piece by Farhad Manjoo of Slate debunks a recent Wall Street Journal op-ed by former WSJ publisher Gordon Crovitz -- who claimed Xerox invented the internet and that 'It's an urban legend that the government launched the Internet," -- shows you how far from reality the right will wander -- with a straight face -- to deny the government's role in boosting the economy. ...

     ... CW: how are we to prosper, I wonder, when a significant percentage of our society is growing up in an environment that fosters fantastic, ideological explanations of scientific phenomena & historical events? I await the return of the alchemists. Maybe Dr. Ron Paul, now that he's retiring, will lead them.

The Ultimate Anti-War Ad: Compare the President to a Psychotic Killer. Katy Moeller of the Idaho Statesman: "An electronic board ... in Caldwell, [Idaho,] juxtaposes photos of James Holmes, accused of killing 12 in an Aurora, Colo., movie theater last week, with President Obama. About Holmes, it says: 'Kills 12 in a movie theater with assault rifle, everyone freaks out.' About Obama: 'Kills thousands with foreign policy, wins Nobel Peace Prize.' What's the point? Obama broke his promise to bring the troops home and many young Americans have died, said Maurice Clements, who is helping keep alive the provocative libertarian tradition of the late Ralph Smeed, whose billboard (now electronic) is a Caldwell landmark."

Local News

Tampa Bay Times columnist Daniel Ruth has a few thoughts on the Florida Republican party, which as far as I can tell is nothing but a Mafia-like gang of sleazy bastards on the take.

News Ledes

New York Times: "Former Vice President Dick Cheney said that Sarah Palin was not ready to be his successor and that picking her was 'a mistake' that Mitt Romney should seek to avoid in making his choice." With video.

Al Jazeera: "Fierce fighting has erupted in rebel-held districts of Aleppo, a day after opposition forces repulsed an offensive by government troops in Syria's second-largest city, a human rights group said." ...

... Reuters: "Exasperated by the slow progress [of rebellion] in Aleppo, rebels in the countryside said they were finally emboldened to push into the city after an assassination in the capital Damascus of four top government officials, including the defense minister."

Reuters: "A senior Israeli official denied on Sunday a newspaper report that President Barack Obama's national security adviser had briefed Israel's Prime Minister Benjamin Netanyahu on a U.S. contingency plan to attack Iran should diplomacy fail to curb its nuclear program. The Israeli liberal Haaretz daily on Sunday quoted an unnamed U.S. official as saying the adviser, Thomas Donilon, had described the plan over dinner with Netanyahu earlier this month. 'Nothing in the article is correct. Donilon did not meet the prime minister for dinner, he did not meet him one-on-one, nor did he present operational plans to attack Iran,' the senior official ... told Reuters."

AFP: "Philippine authorities have arrested a founding member of the Al Qaeda-linked Abu Sayyaf group blamed for some of the worst terror attacks in the region, security officials said on Sunday. Ustadz Ahmadsali Asmad Badron, also known as Ammad or Hamad Ustadz Idris, was arrested on Saturday in the remote Tawi-Tawi islands in the southern Philippines."

AP: "Tens of thousands including teachers and parents pushing strollers took to Hong Kong streets Sunday to protest the upcoming introduction of Chinese patriotism classes they fear will lead to brainwashing, the latest sign of growing discomfort over Beijing's influence in the semiautonomous territory."

The Commentariat -- July 28, 2012

P. D. Pepe, et al., inspired me. I just put up a NYTX column on David Brooks' Lessons from the Olympics. The NYTX from page is here.

The President's Weekly Address:

     ... The transcript is here.

On the Raid on Osama bin Ladin's Compound

At the end of the day, make no mistake about it, it was the president of the United States that shouldered the burden of this operation, that made the hard decision.... The president of the United States is fantastic. I'm not a political guy. I've worked in both [administrations,] very much enjoyed working with President Bush and I very much enjoy working for President Obama. This isn't about politics. This is about a Commander in Chief who I have the opportunity to engage with on a routine basis.... I'll tell you as an interested observer of this, [Obama's national security team] were magnificent how they handled this start-to-finish. The president asked all the right questions.... The president gave me ample time to prepare once the conversations were through. -- Adm. Bill McRaven, U.S. Special Operations Commander, in a rare interview

Even Jimmy Carter would have given that order. -- Mitt Romney

Commenting on the weak economy, Paul Krugman publishes a chart, which he says "isn't a picture of an economy hobbled by Big Government; it’s a picture of an economy hobbled by premature austerity." CW: The hobblers-in-chief mostly have an (R) after their names.

Yo, Democrats -- It Pays to Fight Back. Jennifer Haberkorn & Kathryn Smith of Politico: "This spring, Republicans were on a mission: repeal the Obama administration's rule to require employers to cover birth control. House Speaker John Boehner even stood on the floor of the House in February and promised that Congress would act.... But now, with the rule set to take effect Wednesday..., few on Capitol Hill are saying anything about it at all. And that House vote to block the rule? Never happened -- and isn't in the works either.... What looked like a great attack line against the president on religious liberty -- and a chance to rally evangelical and Catholic voters against President Barack Obama — quickly morphed into another example of what the left dubbed the Republicans' 'war on women.'" ...

... BUT Haberkorn & Brett Norman: "A U.S. district judge in Colorado on Friday blocked the Obama administration from enforcing its requirement that a Colorado employer provide its workers with insurance coverage of contraceptives without a co-pay. The judge, [a Jimmy Carter appointee,] issued a three-month temporary injunction, allowing for further legal review.... The ruling applies to one specific business, and does not stop the whole rule from going into effect next Wednesday."

Part of the Olympics opening ceremonies. No mention of the Mittster, except that some British pundits were referring to him as Mr. Bean. The "real" Mr. Bean does have a cameo here (and besides, Mrs. Fromtheheartland [see today's Comments] gets it exactly right):

     ... Guardian story here. And a good overview by Sarah Lyall of the New York Times. ...

... Charlotte Higgins of the Guardian: As Danny Boyle's extraordinarily bonkers Olympic opening ceremony progressed, you could feel left-of-centre Britain gradually giving into its curious and often unintentionally hilarious charms, while Tory Britain little by little grew more enraged.... It was Boyle's impassioned poem of praise to the country he would most like to believe in. One that is tolerant, multicultural, fair and gay friendly and holds the principles of the welfare state stoutly at its heart. One that is simultaneously silly and earnest, mainstream and subversive, 'high' and 'low' in its culture." CW: hope it made Mitt uncomfortable. ...

... The Daily Mail has more commentary here. ...

... Queen Elizabeth II welcomes dignitaries, including Michelle Obama:

David Maraniss of the Washington Post: President Obama's "virulent detractors ... are the frauds and fabricators," not Obama. ...

... Dan Pfeiffer of the White House: "Now, normally we wouldn't address a rumor that's so patently false, but just this morning the Washington Post's Charles Krauthammer repeated this ridiculous claim in his column. He said President Obama 'started his Presidency by returning to the British Embassy the bust of Winston Churchill that had graced the Oval Office.' This is 100% false. The bust still in the White House. In the Residence. Outside the Treaty Room":

President Obama shows British PM David Cameron a bust of Sir Winston Churchill in the private residence of the White House, July 20, 2010. White House photo.

... Randall Gross of Little Green Footballs: "Mitt Romney also got this totally wrong -- and unfortunately, ABC News repeated the falsehood without catching it: 'President Obama returned the bust in 2009, drawing ire from the British press who said that the move had made some leaders "nervous" about what the gesture meant for U.S.-U.K. relations. The bust had a home in the Oval Office during President George W. Bush's administration.'" ...

... Here's the ABC News report by Emily Friedman, which is interesting in its own right as she links Romney to the unnamed advisors who criticized President Obama for not getting the "special Anglo-Saxon connection" between the U.S. & the U.K. Friedman, despite the dogged reporting of her colleague Jake Tapper (see below), has not corrected her report. ...

... Markos Moulitsas: "... only in America does the self-styled 'patriotic American' party get insanely outraged when a bust of a foreign leader gets replaced with that of an American president. And a Republican president, at that." ...

... Jake Tapper of ABC News: "Like a plot twist in a sitcom, IT TURNS OUT THERE ARE TWO CHURCHILL BUSTS!!!!! The one in the White House residence was a gift to the White House from the British Embassy during the Johnson administration. The other one was loaned to President George W. Bush by British Prime Minister Tony Blair.... How did I figure out what was really going on? I never gave in. Never, never, never never. In nothing great or small, large or petty." (CW: See also Pfeiffer's post on this.)

Presidential Race

Every Olympics is ready, I don't care whatever he [Romney] said. I swear, sometimes I think some Americans shouldn't leave the country. Are you kidding me, stay home if you don't know what to say. -- Carl Lewis, Nine-time Olympic gold-medal winner

At this rate, Mitt Romney may provoke an international incident with the United Kingdom by the weekend. -- Christina Boyle & Jonathan Lamire of the New York Daily News

The opening ceremonies aren't until Friday, but Romney is already in medal contention for the gaffe-cathlon. -- Republican strategist

It's not good for us as a country -- it's not good for him -- but as a country to have somebody that's nominated by one of the principal parties to go over and insult everybody. -- Harry Reid (D-Nevada), Senate Majority Leader

We Really Don't Care about You People. Chris McGreal of the Guardian: "Mitt Romney's campaign is scrambling to limit the damage from his gaffe-strewn visit to London -- which has drawn mocking put-downs from the city's mayor and the British prime minister, and 'Mitt the twit' headlines in the UK -- by saying that Americans don't care what the foreign press prints.... Romney also avoided the risk of further gaffes by declining to make any public comments when he met the Irish prime minister, Enda Kenny, in London."

Mark Mardell of BBC News: Romney's "team are not yet willing to talk on or off the record about the drubbing he got at the hands of the British press. Not wishing to indulge in even a little face-saving spin must be a sign of deep trauma. I'm told Mr Romney thought the opening ceremony was 'absolutely amazing', and wanted to thank the organisers for a spectacular show. But as no cameras were allowed near Mr Romney, we don't know how he felt during the Olympics' literally all-dancing celebration of the single-payer health scheme (the NHS). This musical tribute to what he calls the 'European entitlement society' can't have made him stand up and cheer."

E. J. Dionne: "Does this trip make any sense at all for Romney? It is very hard to see how Romney will ever win the debate over foreign policy.... I think Romney will want to stay away from foreign policy. The more we talk about it, the better Obama will do."

Dana Milbank: "It's understandable that Romney would be reluctant to discuss dressage. Seamus may have made him look odd, or insensitive. Rafalca makes him look like a super-rich playboy.... Nothing says 'man of the people' quite like horse ballet.... The candidate's disavowal of dressage as 'Ann's sport' isn't quite right.... Rafalca's trainer, Jan Ebeling, said Mitt Romney selected the music for the horse's routine at an international competition; Ebeling ... said [Mitt Romney] 'really enjoys the horses.' Romney joined his wife at an Olympic qualifying dressage event in April 2008, and the couple declared a $77,731 loss on their 2010 tax returns for their share of Rafalca's care."

CW: here's something I missed. Judith Ireland of Australia's National Times (July 23): After meeting in the U.S. with Australia's foreign minister, Sen. Bob Carr, Romney told attendees at a fundraiser that Carr had told him about his and other Australians' concern that "America is in decline." "But despite headlines today such as 'Mitt Romney Gets Grim Warning From Australian Leader', a spokesman for Senator Carr says Australia's Foreign Minister was talking up the US economy, not talking it down. That is, any fears that Australia's foreign minister has been overseas criticising a key alliance partner, would be misplaced." So either Bob Carr is lying because he got caught privately dissing an ally while on its soil, or the Republican nominee for president is completely misrepresenting a private conversation he had with a leader of one of our closest allies. I know what my guess is: Mitt Romney is dangerous even out of office. That's before he got to "England" and further embarrassed the U.S.A.

What Friends Are for. Irina Ivanova & Wayne Barrett of Mother Jones look into Romney's long-time friendship/business relationship with Kem Gardner, a Salt Lake City real estate developer tangentially implicated in the 2002 Olympics scandal but who still managed to secure the Olympics job for Romney. Romney returned the favor by pushing through a lucrative no-bid contract for Gardner for a key real estate deal associated with the Olympics employing a method that specifically violated Romney's own ethics rules (it's legal if the president does it). In return, Gardner has been a big financial booster -- sometimes making illegal contributions -- to Romney's political career. Thanks to contributor Dave S. for the link.

Jonathan Chait takes one more stab at "You Didn't Build That" to explain why it's working. He says the clip makes Obama sound like an "angry black man," the leader of the cabal of people of color who are robbing the middle class of their stake in the country. "The entire key to the rise of the Republican Party from the mid-sixties through the nineties was that white Americans came to see the Democrats as taking money from the hard-working white middle class and giving it to a lazy black underclass. Reactivating that frame is still the most mortal threat to the Democrats and to Obama. That is why Obama is reacting so urgently to reestablish himself." CW: I think Chait is right; this is a lie that feeds into the Great Republican Stereotype. It's disgusting at every level, but the GOP pitch has been disgusting at every level for decades, so it's nothing new. This is not to disparage individual Republicans but the party's essential divisive, racist strategy. That's a lot more un-American than telling lies about where the President put Churchill's bust. ...

... A related piece from Chait pointed me to this remarkable June 1 post by Sasha Issenberg, in Slate. Even puppies can be the victims of racism. Really. ...

... AND, if this Romney interview, cited by Chait, is a harbinger of things to come, Romney will incite a Middle East catastrophe before the week is out. I hope Obama doesn't have to send in the Marines to rescue Romney from whatever trouble he instigates. I find it entirely in character for Romney to be arguing for less democracy & more benevolent Arab dictators, as seems to be the case. ...

     ... Harriet Sherwood of the Guardian: "An American military strike against Iran's nuclear sites should not be ruled out, Mitt Romney has said in interviews with the Israeli media before his visit to the Jewish state. He also suggested it was not 'right' for the US to act as a negotiator between Israel and the Palestinians, and he accused President Barack Obama of publicly criticising its 'friend and ally'.... Presidential candidates traditionally refrain from attacking their opponents while abroad but, in an interview given before his departure from the US, Romney denounced Obama for public criticism of Israel."

Donovan Slack of Politico: "A highly touted Gallup poll released Thursday suggested that business owners had soured on President Obama with their approval of him dropping 6 percent in just three months.... But Gallup did not take into account party affiliation in its samples, and according to data provided to Politico by the polling organization, more Republicans and fewer Democrats were surveyed for the second quarter results."

Wilful Ignorance. Amy Bingham of ABC News: "Three and a half years into President Obama's first term as president, half of Americans cannot accurately say what religion he is, according to a poll released this week. Only 49 percent of respondents said that Obama was Christian while 17 percent inaccurately said he was Muslim. Nearly one-third of respondents said they did not know the president's religion.... More people - 60 percent - knew that Romney, who has not held elected office in a decade, was Mormon...."

Congressional Races

Gail Collins continues her North Dakota sojourn, tagging along with U.S. Senate candidate Heidi Heitkamp. ...

Collins mentions this guy:

The other happy Senate surprise for the Democrats is Arizona, where the party somehow came up with a Hispanic physician who is a disabled Vietnam veteran and former surgeon general for the Bush administration, as well as the hero of several dramatic rescues, during one of which he shot a deranged suspected murderer. I believe I speak for all the political hopefuls in America when I say that the bar for a potential upset win is being set unacceptably high. ...

      ... Read "Rich's Story." It's -- literally -- a made-for-TV movie. Notice how Carmona never says in his ad that he's running as a Democrat. --

"Let's go to work!":

     ... Justin Sink of The Hill: "The ad, which argues for additional spending on infrastructure and education, is intended to counter a spot released by the Brown campaign earlier this week that linked Warren to President Obama's 'you didn't build that' comment. "

Right Wing World

New York magazine: "What Makes Us Exceptional -- A debate between Barack Obama and the GOP, as culled from public remarks."

Local News

Lucy Morgan of the Tampa Bay Times: "In a wide-ranging deposition that spanned two days in late May, former Florida Republican Party chairman Jim Greer denounced some party officials as liars and 'whack-a-do, right-wing crazies' as he described turmoil in the months before his resignation. Greer said some GOP leaders were meeting to discuss ways they could suppress black votes while others were constantly scheming against each other." CW: this is some deposition.

News Ledes

Strange News. New York Times: "A kidnapped man was found bound and gagged in a police detective's garage in Queens, leading to the detective's suspension and the arrest of four other men, the authorities said on Saturday.

Al Jazeera: "Syrian government forces have launched a ground assault in the largest city Aleppo, and are bombarding rebel-held areas with heavy artillery...."

BBC News: "Ethnic clashes in southern Ethiopia are reported to have left at least 18 people dead and 12 others injured. More than 20,000 people have crossed into Kenya to escape the fighting, the Kenyan Red Cross says."

New York Times: "Despite warnings of a potentially crippling cyberattack, a group of lawmakers led by Senator John McCain has successfully weakened bipartisan legislation that the Obama administration said was crucial to protecting computer systems responsible for operating the nation's critical infrastructure.... Mr. McCain ... and others on behalf of the business community forced Democratic and Republican supporters of the legislation to drop provisions that would have given the federal government the power to enforce minimum standards on systems that run power plants, air traffic control systems, dams and similar facilities."

Chicago Sun-Times: "U.S. Rep. Jesse Jackson Jr., who has been on medical leave from Congress for more than six weeks, is now being treated at the prestigious Mayo Clinic in Minnesota 'for extensive inpatient evaluation for depression and gastrointestinal issues.'"

New York Times (via NBC): "Apple, which has stumbled in its efforts to get into social media, has talked with Twitter in recent months about making a strategic investment in it."

The Commentariat -- July 27, 2012

“Deleveraging Shock.” Paul Krugman: what happens when "everyone is trying to pay down debt at the same time. Household borrowing has plunged; businesses are sitting on cash because there's no reason to expand capacity when the sales aren't there; and the result is that investors ... [have] no place to put their money. So they’re buying government debt, even at very low returns, for lack of alternatives.... They are in effect begging governments to issue more debt. And governments should be granting their wish, not obsessing over short-term deficits.... It's simply crazy to be laying off schoolteachers and canceling infrastructure projects at a time when investors are offering zero- or negative-interest financing."

... "... add The New York Times editorial page to the list of the converted [a/k/a A**HOLES -- see video above]. We forcefully advocated the repeal of the Glass-Steagall Act. 'Few economic historians now find the logic behind Glass-Steagall persuasive,' one editorial said in 1988. Another, in 1990, said that the notion that 'banks and stocks were a dangerous mixture' 'makes little sense now.' ... Having seen the results of this sweeping deregulation, we now think we were wrong to have supported it."

Euripides, Banking Guru. Rob Urban & Sharon Smyth of Bloomberg News: "faced with mounting mortgage delinquencies are following the advice of 5th-century BC playwright Euripides: Time heals. Banks restructure loans rather than foreclose, extend terms to as long as 45 years, grant payment holidays of up to a year when borrowers are only required to make interest payments, or add guarantors to loans, often children who will eventually inherit the property." CW: Another argument for a classical education.

Conor Friedersdorf of the Atlantic: "An investigation undertaken by law clinics at NYU, Fordham, Harvard, and Stanford has concluded, after eight months of study, that the NYPD abused Occupy Wall Street protesters and violated their rights on numerous occasions during the 2011 protests that radiated out from Zuccotti Park. Their report ... focuses on transgressions against international law." Friedersdorf lists some of the incidents which -- because of independent documentation -- appears most credible.

Presidential Race

CW: for those of you who are discouraged that millions of Americans will vote for a guy who in 24 hours insults our "special" Anglo-Saxon friends, reveals their state secrets & spends the evening collecting bribes from the local fat cats, here's some better news from Nate Silver: "Mr. Obama's chances of winning the Electoral College rose in our model, to 66.4 percent from 65.0 percent, mostly because the stock market gain slightly bolstered the model's economic index." CW: these numbers are volatile, but they beat "Romney leads Obama."

England is just a small island. Its roads and houses are small. With few exceptions, it doesn't make things that the rest of the world wants to buy. And if it hadn't been separated from the continent by water, it almost certainly would have been lost to Hitler's ambition. -- Mitt Romney, from his book No Apology

WE Are Amused at our Veddy, Veddy Diplomatic GOP Presidential Candidate -- who has repeatedly stepped in it & pissed off our lovely Anglo-Saxon friends across the pond. Definitely not ready for primetime. Special relationship, my ass (or as Willard would say, "my backside"):

     ... Gaffe No. 1 begins a minute in:

... We are holding an Olympic Games in one of the busiest, most active, bustling cities anywhere in the world. Of course it's easier if you hold an Olympic Games in the middle of nowhere. -- David Cameron, British Prime Minister, responding to Romney's remark & alluding to the 2000 Olympics Romney ran in The Middle of Nowhere, Utah ...

     ... Adam Gabbatt of the Guardian: "From criticising the biggest sporting event Britain has held in over 40 years, to 'looking out of the backside of 10 Downing Street', Mitt Romney's first foreign trip of his presidential candidacy hasn't gone quite as well as he might have hoped. As the former Massachusetts governor continues to gaffe his way across London, [Gabbatt provides] a round-up of Romney's red-facers. So far." ...

... Boris Johnson, Mayor of London, comments before a crowd of thousand's on one of Romney's gaffes:

     ... "Worse than Sarah Palin." Sam Coates of the Times of London: "... senior figures in all three political parties suggested that they had not been overwhelmed by Mr Romney in person and were disappointed by his Olympics gaffe.... One diplomatic source said of the encounters: 'It is worse than Sarah Palin in terms of basic diplomacy.' Another said: 'There is none of the stardust of his opponent.'" ...

     ... Alex Spillius of the Telegraph: "His derisory comments questioning Britain's preparedness for the Olympics in an interview with NBC were a strange way to build bridges with a country that he says should be restored as the umbilical ally of the United States, and a strange way to demonstrate the persuasive qualities needed as leader of the free world.... His comments to NBC ... showed how poorly he understands the land of his forefathers.... A standard [Romney campaign] refrain is to run down Europe -- not a hard case to make at the moment -- and that includes us. Not once have I heard him praise Britain or extol the special relationship he now belatedly trumpets. He even reprised his dislike of the [British National Health Service] shortly before leaving for these shores...." ...

     ... Suzi Parker of the Washington Post: "Rule number one when visiting a foreign country: Don't insult it.... [Romney's visit] is such a stark contrast from when Obama visited London in July 2008. He was cheered in the streets with 'Yes We Can.' (So far, no reports of massive cheering for Romney can be found.)" ...

     ... Matt Yglesias proves that Mitt is right: "English" houses really are small. ...

     ... David Taintor of TPM has a bit more on the Brits' reactions to Romney's insults. ...

     ... Ditto Holly Bailey of Yahoo! News. ...

     ... A video recap from the Democratic National Committee:

     ... AND Alex Altman of Time has an excellent overview of Romney's rolling gaffes. "Romney's blunders have undercut the entire purpose of the trip, which was to prove he could adequately represent U.S. interests with international leaders despite his scant foreign policy experience. He hasn’t met that standard so far." ...

... CW: Okay, this "gaffe" isn't so funny. Steve Chaggaris of CBS News: Romney revealed that he met with the leader of MI6, the British intelligence agency, which he was supposed to "keep under wraps." MI6 would not acknowledge the meeting. Includes video of Romney giving reporters an apparently classified account. He's just not all that smart. ...

... The Upside: Romney dissed Americans in London, too. NBC Reporters: "... those of us that have traveled overseas and been involved in these VERY limited press avails have rarely seen heads of democracies TOTALLY ignore their own press corps but answer ANOTHER press corps' questions." ...

... AND There's This: Ashley Parker & Landon Thomas of the New York Times: "After a day made long by his remarks about London's readiness for the Olympic Games, Mitt Romney found a friendlier audience here on Thursday night at fund-raisers heavily populated with American financiers...." ...

     ... NOW, on to Israel where Romney will make friends with ordinary people by visiting a deli & ordering a ham sandwich before heading to Poland to regale the locals with hilariously offensive Polish jokes. ...

... AP: "Michelle Obama formally opened her stint as leader of the U.S. Olympics delegation on Friday morning, attending a breakfast with American Olympians and saying she was 'just in awe' of their company." Obama, who eschewed the new American practice of disparaging the host country and sharing its state secrets in public remarks, was rewarded with social invitations from Queen Elizabeth II and Britain's first lady Samantha Cameron.

Jonathan Chait of New York: "Last night, Brian Williams asked Romney [see video above] to distinguish his approach to economic growth from Bush's. The answer was a mere recapitulation of his plans.... Romney did not make the slightest attempt to distinguish his approach from Bush’s. Of course that is because it's the same thing! Every single idea Romney listed -- low taxes, free trade, less regulation, developing energy, etc. -- was part of Bush's program.... Conservative rhetoric almost uniformly fails to acknowledge that even pre-crash growth under Bush was absolutely miserable."

** NEW. A very good piece by Jonathan Alter on "You Didn't Build That": "Romney said the president's gaffes reflected his 'strange' views, and supporters such as former New Hampshire Governor John Sununu said such beliefs were 'un-American.' In fact, it's the DIY libertarians -- who deny our 223-year nexus between government and business -- who are out of sync with U.S. history.... Like it or not, our private sector has always operated with at least some indirect government help. And it's perfectly legitimate for the president to point that out."

PolitiFact on "You Didn't Build That": "In speeches and videos, the Romney campaign has repeatedly distorted Obama's words. By plucking two sentences out of context, Romney twists the president's remarks and ignores their real meaning.... Romney also conveniently ignores Obama's clear summary of his message, that 'the point is ... that when we succeed, we succeed because of our individual initiative, but also because we do things together.'" ...

... More Proof that People Vote Republican Because They're Stupid or Delusional. Michael Van Sickler of the Tampa Bay Times: Mitt Romney's "We Did Build This" Farce put on another road-show event in Tampa featuring two local business people boasting about how they got no help at all from the government. One teensy problem: most of their work is on government projects. In addition, both get a leg up on government contracts because of their minority status, something they don't get in the private sector. CW: reading these people's rationalizations for their anti-government views just leaves you shaking your head -- or wanting to shake some sense into theirs. ...

... Aviva Shen of Think Progress runs down a list of Romney's stellar examples of totally "independent" businesspeople who "Did Build This" -- with a lot of help from the government.

... "It's a Weekday, So It's Time for Another Misleading Edit of an Obama Quote." Dave Weigel of Slate:

What He Said: I'll cut out government spending that's not working, that we can't afford, but I'm also going to ask anybody making over $250,000 a year to go back to the tax rates they were paying under Bill Clinton, back when our economy created 23 million new jobs, the biggest budget surplus in history and everybody did well. Just like we've tried their plan, we tried our plan -- and it worked. That's the difference. That's the choice in this election. That's why I'm running for a second term.

What the Romney Camp Says He Said: Just like we've tried their plan, we tried our plan -- and it worked. That's the difference. That's the choice in this election. That's why I'm running for a second term.

... "All out of Context, All the Time." Steve Benen: "Republicans aren't just occasionally taking Obama quotes out of context; they're actually building their entire 2012 campaign strategy around sentiments the president didn't actually say." Benen runs down a few of the more flagrant examples.

Maggie Haberman of Politico: "... the Priorities USA Action ad mocking Mitt Romney on the Olympics came down from YouTube [Thursday] morning, over copyright infringement warnings from the International Olympics Committee." Haberman thinks the whole purpose of the ad was to force both campaigns & their supporters to keep ads featuring the Olympics off the air so Willard can't so easily tout his role in the 2000 Winter Olympics.

The ultra-conservative New Hampshire Union-Leader on Romney's refusal to release his taxes: "How did Romney get himself into this position in the first place? He has been running for office for a long time. His presidential aspirations predate the tax returns in question. What could he possibly have been thinking when he failed to ensure that everything contained in those documents was above reproach? Or was he simply not thinking at all? Surely he could not have arrogantly believed that he could withstand any storm that developed by bluffing his way through it? If so, it hasn't worked."

News Ledes

President Obama signs the United States-Israel Enhanced Security Cooperation Act of 2012:

... Yahoo! News: "The president also announced he would speed another $70 million to Israel to advance the so-called 'Iron Dome' short-range missile defense system, a response to sustained rocket fire from Palestinians in the Gaza Strip."

Crime Still Pays. Telegraph of London: "Jerry del Missier, the former Barclays Bank executive at the centre of the interest-rate rigging scandal that cost the lender £290m, has walked away with a pay-off of almost £9m."

Washington Post: "The shooting suspect in the Colorado theater rampage was seeing a university psychiatrist specializing in schizophrenia in the weeks before the July 20 attack, according to court records released Friday."

Bloomberg News: "The U.S. economy expanded at a slower pace in the second quarter as a softening job market prompted Americans to curb spending. Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter...."

The Hill: "Senior House and Senate leaders voiced optimism that they could reach agreement on a stopgap spending measure that would prevent a government shutdown shortly before the November election."

New York Times: "Syrian Army helicopters fired on neighborhoods in Aleppo on Friday morning, activists said, as the army readied assault troops and armored columns for a possible invasion of the city, Syria's densely populated commercial capital.... On Friday a member of the Syrian Parliament, [Iklhas Badawi,] had defected and crossed into Turkey." ...

... Reuters: President "Obama is moving cautiously toward greater support for Syrian rebels, as international diplomatic efforts that had been Obama's first preference falter.... The White House has crafted a presidential directive, called a 'finding,' that would authorize greater covert assistance for the rebels, while still stopping short of arming them. It is not clear whether Obama has signed the document...."

Washington Post: "Iran is rapidly gaining new capabilities to strike at U.S. warships in the Persian Gulf, amassing an arsenal of sophisticated anti-ship missiles while expanding its fleet of fast-attack boats and submarines, U.S. and Middle Eastern analysts say. The new systems, many of them developed with foreign assistance, are giving Iran's commanders new confidence that they could quickly damage or destroy U.S. ships if hostilities erupt...."

Cold War Redux. AP: "Russia is talking to Cuba, Vietnam and the Indian Ocean island country of Seychelles about housing Russian navy ships, the nation's navy chief said in remarks reported Friday.... [President Vladimir] Putin ... has grown increasingly eager to challenge Washington."

Reuters: "Barclays Plc revealed  a new regulatory probe and more U.S. lawsuits on Friday, making it harder for the British lender to repair the damage to its reputation caused by its role in the interest rate-rigging scandal shaking banks. Despite these latest blows, Barclays beat forecasts with a profit of more than 4 billion pounds ($6.3 billion) in the first six months of the year."

Austerity, as Good an Idea as Ever. Bloomberg News: "Spanish unemployment rose to the highest on record after Prime Minister Mariano Rajoy made it easier to fire workers while implementing the steepest budget cuts in the country's recent democratic history. Unemployment, already the highest in the European Union, rose to 24.6 percent in the second quarter."

New York Times: "Jeff Bezos, the billionaire founder of Amazon.com, and his wife, MacKenzie, have agreed to donate $2.5 million to help pass a same-sex marriage referendum in Washington State, instantly becoming among the largest financial backers of gay marriage rights in the country."

Haaretz: "A day before Romney is due to land in Israel, U.S. President Barack Obama will sign the United States-Israel Enhanced Security Cooperation Act, which is meant to approve and expand military cooperation between the two countries. The act, which Congress passed a week ago, will be signed by the U.S. president at a White House ceremony on Friday."