The Commentariat -- Sept. 19, 2013
Ben Protess & Jessica Silver-Greenberg of the New York Times: "More than a year after a group of traders at JPMorgan Chase caused a multibillion-dollar loss, government authorities on Thursday imposed a $920 million fine on the bank and shifted scrutiny to its senior management. Extracting the fines and a rare admission of wrongdoing from JPMorgan Chase, the nation's largest bank, regulators in Washington and London took aim at a pervasive breakdown in controls and leadership at the bank. The deal resolves investigations from four regulators..., but the bank has struggled to settle with another regulator, the Commodity Futures Trading Commission, which is investigating whether the bank's trading manipulated the market for financial contracts known as derivatives."
We have anarchists running the House of Representatives. -- Senate Majority Leader Harry Reid (D-Nev.)
We are completely united on this issue. We're not defunding ObamaCare and we're not negotiating on the debt ceiling.... If they think we're going to back off, they're wrong, they're on a different planet. -- Sen. Chuck Schumer (D-N.Y.), on Senate Democrats
We can't let the government shut down. We can't be kamikazes and we can't be General Custer. -- Rep. Peter King (R-N.Y.), who now passes for a moderate
... Any strategy to repeal, delay or replace the law must have a credible chance of succeeding or affecting broad public opinion positively. The defunding strategy doesn't. Going down that road would strengthen the president while alienating independents. It is an ill-conceived tactic, and Republicans should reject it. -- Karl Rove, in a Wall Street Journal op-ed
... Paul Kane & Ed O'Keefe of the Washington Post: "House Republican leaders announced Wednesday morning that they would take a risky double-barreled attack on President Obama's health-care law, making it the cornerstone fight over government funding due to expire Sept. 30 and the effort to lift the Treasury's borrowing authority. Speaker John A. Boehner (R-Ohio), flanked by his leadership team, told reporters that the stopgap government funding bill that they will advance Friday would yield to conservative demands of including a rider to block funding for the law commonly known as Obamacare." ...
... Greg Sargent: "... all that has changed today is that GOP leaders have just confirmed they are not yet willing to face the inevitable reckoning that will take place when they admit House Republicans don't have the leverage they need to block Obamacare. House GOP leaders have simply confirmed that they can't overcome internal conservative demands for a Total War posture against the health law, and -- for now, anyway -- will continue to placate those demands, even though those leaders themselves think this posture is insane, unworkable, and self destructive." ...
... The New York Times Editors call Boehner's move a step in "the march to anarchy." ...
... Dana Milbank: "As House Republican backbenchers hurtle toward a government shutdown and a default on the national debt, their leaders remain in charge in title only.... The GOP followership surrendered without much of a fight Wednesday morning at a meeting of House Republicans in the Capitol basement. After rank-and-file members shot down their plan to avoid a shutdown, the followers announced to the media a new plan: Not only would they refuse to fund the government beyond Sept. 30 unless President Obama agrees to abolish Obamacare ... but they would allow the government to default on its debt in October if Obama does not meet their demands on taxes, energy policy and the health-care law." OR, as Nicole G. writes in today's Comments, "Oxymoron Alert!!! 'House Republican leaders...'" ...
... Gail Collins, with a little help from Ted Cruz, summarizes the Republican obsession with repealing ObamaCare: "The new health care law is going to be terrible, wreaking havoc on American families, ruining their lives. And they are going to love it so much they will never have the self-control necessary to give it up." CW: the real problem Republicans have with ObamaCare is that they know it's a fairly good law, one that every voting American knows Republicans oppose. ...
... MEANWHILE, Elise Viebeck of the Hill: "Tensions are rising between House and Senate Republicans over which conference will lead the fight to defund ObamaCare. Sen. Ted Cruz (R-Texas) and a spokesman for Speaker John Boehner (R-Ohio) each said Wednesday that the task is for Republicans in the other chamber as pressure rises to fund the government." ...
... Josh Marshall of TPM. "Truly in Lord of the Flies territory.... So [Cruz has] created this monster he can't control. Only he was the monster the last crew created. I can't keep up." ...
... Brian Beutler has an excellent piece in Salon on how Boehner has boxed in Senate Republicans -- like Ted Cruz & Mike Lee (Utah) who have been working the Defund ObamaCare circuit. "If they pass up the chance [to filibuster ObamaCare funding], they'll expose the defund campaign as a sham. And at the end of the process, some Senate Republicans are going to have to vote -- at least -- to give Reid and Democrats the power to strip the defunding measure. They'll be damaged goods. Either way, someone loses, and all because conservatives in the Senate thought they could demagogue the issue without ever having to put their credibility on the line." ...
... Bloomberg News Editors: "A mere 48 months after the law was introduced, only 42 months after it was signed, with just two weeks until one of its main provisions takes effect, Republicans today finally offered their alternative to the Affordable Care Act. Which would be cause for genuine (if belated) congratulations, except for one thing: It's not really an alternative.... Any plan billed as an alternative has to meet one definitional threshold, and only one: covering a similar number of Americans as Obamacare. To ... be a better alternative, a proposal should cover a similar number of Americans at a lower cost or with fewer unwanted consequences." Republicans provided no evidence their plan would do either.
... The Manchurian President. The good news out of all this is that John Boehner has finally found the smoking gun that proves once & for all that there is a commie-loving, anti-American imposter in the White House. Could be grounds for impeachment:
... Paul Krugman: "A decade ago..., I argued that the modern Republican party was a 'revolutionary power' in the sense once defined by, of all people, Henry Kissinger -- a power that no longer accepted any of the norms of politics as usual, that was willing not just to take radical positions but to act in ways that undermined the whole system of governance people thought they understood. At the time, I got a lot of grief for being so 'shrill'. The accepted thing was to criticize both sides equally.... So, now we face the imminent threat of a government shutdown and/or a U.S. government default because Republicans refuse to accept the notion that duly enacted legislation should be allowed to go into effect, and repealed only through constitutional means. Oh, and the cause for which most of the GOP is willing to threaten chaos is the noble endeavor of ensuring that tens of millions of Americans continue to lack essential health care." ...
... Tom Kludt of TPM: "MSNBC host Chuck Todd said Wednesday that when it comes to misinformation about the new federal health care law, don't expect members of the media to correct the record. During a segment on 'Morning Joe,' former Pennsylvania Gov. Ed Rendell (D) speculated that most opponents of the Affordable Care Act have been fed erroneous information about the law. Todd said that Republicans 'have successfully messaged against it' but he disagrees with those who argue that the media should educate the public on the law. According to Todd, that's President Barack Obama's job.... Todd took to Twitter later in the morning to argue that his actual point was that 'folks shouldn't expect media' to do what the White House has failed to do in its rollout of the health care law." Thanks to contributor James S. for the heads-up. Includes video. You decide. ...
... Charles Pierce: "What is my profession's primary contribution to the fact that this country is utterly fked? Right there, folks." ...
... Binyamin Appelbaum of the New York Times: "As Congressional Republicans and the White House hurtle toward another showdown over federal spending, the Fed said it was concerned that fiscal policy once again 'is restraining economic growth,' threatening to undermine what the Fed had described just months ago as a recovery gaining strength. Stock markets jumped after the 2 p.m. announcement, with the Standard & Poor's 500-stock index touching a record high and the Dow Jones industrial average ahead more than 150 points." ...
... Kevin Drum: Bernanke to Republicans: stop being the stupid party." ...
... Patti Domm of CNBC: "Stocks roared to new all-time highs and bond yields retreated as the Fed defied the market's conventional thinking by keeping its unconventional bond-buying program intact. Most major Wall Street banks and firms expected the Fed to slightly pare back its $85 billion monthly bond buying program, by $10 billion to $15 billion. But the Fed said it wasn't ready to cut back, citing a tightening in financial conditions that it said could hurt the economy and employment." ...
... Neil Irwin of the Washington Post: "Why didn't the Fed taper? Because Congress is horrible."
CW: In today's issue of Obama the Weakling, Major Garrett of the National Journal (formerly of Fox "News") provides the copy, putting the onus on Senate Democrats for crippling Obama. I'd give Garrett the David Brooks Award for this little masterpiece of hyperbole, carefully woven around scraps of factual fabric.
Ernesto Londoño, et al., of the Washington Post: "Defense Department officials on Wednesday ordered a broad review of the procedures used to grant security clearances to employees and contractors, acknowledging that years of escalating warning signs about Navy Yard gunman Aaron Alexis went unheeded. Top intelligence and military officials concede that issuing millions of people security clearances for up to 10 years without regular reviews is a serious safety risk." ...
... Steve Vogel, et al., of the Washington Post: "Navy Yard gunman Aaron Alexis had sought treatment for insomnia in the emergency rooms of two Veterans Affairs hospitals in the past month, but he told doctors he was not depressed and was not thinking of harming others, federal officials said Wednesday.... Alexis had left records of his troubles in local police reports, in Navy files and in VA medical records. But it was never quite enough to set off broader alarms or to revoke any of the privileges that the government had extended Alexis as an IT contractor." ...
... Sari Horwitz, et al., of the Washington Post: "Aaron Alexis carved bizarre phrases on the stock of his shotgun before he killed 12 people at the Washington Navy Yard on Monday, and investigators are hoping the words provide clues to what prompted the shooting, two law enforcement officials said. The phrases were 'Better off this way' and 'My ELF weapon,' according to the officials, who spoke on condition of anonymity because the investigation is ongoing.... ELF generally stands for 'extremely low frequency' and can refer to weather or communications efforts, among other things." ...
... CBS News: "Washington Navy Yard gunman Aaron Alexis tried to buy an AR-15 assault rifle at a Virginia gun store last week after test firing one, but the store wouldn't sell it to him right away, CBS News has learned. The reason for the refusal isn't clear. Alexis then purchased a shotgun he used in his rampage, sources tell CBS News." ...
... ** Frank Rich: "Perhaps the best thing we can do is at least call out the problem for what it is: state-sponsored terrorism. The American people and their elected representatives allow our own homegrown equivalent of suicide bombers -- suicide shooters -- legal access to weapons with which they can mow down innocents almost anywhere they please.... This country is soft on domestic terrorism." Rich also weighs in -- brilliantly -- on other topics. ...
... On Tuesday, Ryan Broderick of BuzzFeed knocked out a piece titled "9 Potential Mass Shootings That Were Stopped by Someone with a Personally-Owned Firearm." ...
... Justin Peters of Slate: "The [Broderick] piece has been wildly popular on social media, which isn't surprising: it's a simple, provocative piece that ostensibly validates the gun lobby's contention that there’s an inverse relationship between private gun ownership and mass shootings. But like many simple and provocative things, the BuzzFeed story is more than a little misleading." Peters systematically, um, shoots down Broderick's post. Worth a read.
Chris Geider of BuzzFeed: "The Labor Department announced Wednesday that federal laws governing private employee pension and related benefit plans will be interpreted to recognize all legal marriages of same-sex couples, regardless of where the couple is living currently. The decision to utilize a 'place of celebration' rule, rather than a 'place of domicile' rule follows the lead set by the Treasury Department in recognizing marriages for purposes of the tax code so long as they were legal in the state where the marriage was granted."
Ray Hennessey of Entrepreneur: "Starbucks CEO Howard Schultz is asking customers to no longer bring guns to the coffee chain, saying the presence of weapons in its stores is 'unsettling and upsetting' to too many of its customers. The request is not an outright ban. Customers who bring a gun will still be served, Schultz says. But it is a marked change in policy for the chain, which, up to now, simply respected state law on the issue. The vast majority of U.S. states allow the open carrying of firearms." Via Patrick Himes of Salon.
CW: Pravda.ru published this opinion piece by John McCain, which he wrote in response to Vladimir Putin's New York Times op-ed, published last week. McCain ignores Syria & focuses instead on this theme: "Russians deserve better than Putin." It's a powerful piece. ...
... Pravda.ru, however is not exactly Pravda. Vadim Gorshenim, the CEO of Pravda.ru, gives his characterization of what Pravda is. Or isn't.
David Ignatius of the Washington Post: "Obama has accomplished goals that most Americans endorse [re: Syria], given the unpalatable menu of choices. Polls suggest that the public overwhelmingly backs the course Obama has chosen.... Yet the opinion of elites is sharply negative... He can propose what the country wants, succeed at it and still get hammered as a failure." Via Greg Sargent. ...
... A Step on the Road to Damascus. Barbara Starr of CNN: "The Pentagon has 'put a proposal on the table' for U.S. military forces to train and equip moderate Syrian opposition forces for the first time, two Obama administration officials told CNN. The idea has been under consideration since the August 21 chemical weapons attack outside Damascus, which the United States says was carried out by the regime of Bashar al-Assad. There are few specifics on troops or other aspects of the military proposal, but both officials said the effort envisions training taking place in a country near Syria." ...
... CW: There are back roads to my cottage in the Catskills. Taking them shortens my route, but the roads are not well-marked, & my car doesn't have a GPS. One of these routes takes me through the tiny town pf Damascus, New York. This year, I had to stop & ask a woman jogger, "Is this the road to Damascus?" This pleased me a great deal, but I did not experience a conversion, just a surer sense that I would not be getting lost in the backwoods. ...
... Nour Malas of the Wall Street Journal: "The spread of ISIS..., an Iraqi al Qaeda outfit..., illustrates the failure of Western-backed Syrian moderates to establish authority in opposition-held parts of Syria, some of which have been under rebel control for over a year. The proliferation of the Sunni jihadists and extremists has brought a new type of terror to the lives of many Syrians who have endured civil war in the north. Summary executions of Alawites and Shiites, who are seen as apostates, attacks on Shiite shrines, and kidnappings and assassinations of pro-Western rebels are on the rise." ...
... Sammy Ketz of AFP: "Syria and key ally Russia joined forces on Wednesday against any Western-backed United Nations resolution that would allow military action, as Moscow accused UN chemical weapons inspectors of bias. The United States, meanwhile, said it will maintain the threat of force if Damascus fails to abide by an accord to surrender its chemical arsenal, and the United Nations hit back at the Russian accusations." ...
... Thomas Erdbrink of the New York Times: "On the eve of a visit by Iran's moderate president, Hassan Rouhani, to the United States, the Iranian authorities on Wednesday unexpectedly freed 11 of Iran's most prominent political prisoners, including Nasrin Sotoudeh, a human rights lawyer." ...
... Tracy Connor of NBC News: "Iranian President Hassan Rouhani told NBC News on Wednesday that the country will never develop nuclear weapons and that he has the clout to make a deal with the West on the disputed atomic program." ...
... Mark Landler of the New York Times: "At the core of Iran's recent diplomatic charm offensive -- a process that has included the release of 11 prominent political prisoners and a series of conciliatory statements by top Iranian officials -- is an exchange of letters, confirmed by both sides, between Mr. Obama and President Hassan Rouhani. The election of Mr. Rouhani, a moderate, in June kindled hopes that diplomacy might end the chronic impasse with Iran over its nuclear ambitions. But the letters, and the cautious hope they have generated, suggest there is a genuine opportunity for change." ...
... Fareed Zakaria of Time: "This has been a particularly bad time for Obama officials to thump their chests about credibility because for the past few months, the Iranian government has been sending remarkably conciliatory signals."
Massimo Calabresi of Time: Rick "Perry's full-time job: taking credit for jobs he didn't create.... Unless Perry is claiming his policies would create more oil and gas, spike immigration or change the established borders of the United States, he might better serve Texans, and America, by cutting the amount of taxpayer-funded job posturing he engages in." CW: in fairness to Perry, he may be so damned dumb that he believes his own BS.
More Social Scientists Produce More Predictable Results. Tom Jacobs of Salon: "Writing in the Psychology of Women Quarterly, Indiana University researchers Paul Wright and Michelle Funk report people who admitted to watching pornography were less likely to support affirmative action for women...."