The Commentariat -- July 12
Poor David Brooks, who is dumber than a post, and who got his ass whupped by Krugman yesterday, writes, "The world economy is a complex, unknowable organism." ...
... I've added a Brooks page to Off Times Square. You might want to help out Our Mister Brooks, the Chauncey Gardner of the op-ed world. I've done my best. AND thanks to Driftglass, who has given up on "The Greatest Fraud in American Journalism," for the heads-up. ...
Art by Driftglass.
... Economics Nobel Laureate Joe Stiglitz in TruthOut: "... a resurgence of right-wing economics, driven, as always, by ideology and special interests, once again threatens the global economy – or at least the economies of Europe and America, where these ideas continue to flourish. In the US, this right-wing resurgence, whose adherents evidently seek to repeal the basic laws of math and economics, is threatening to force a default on the national debt." Thanks to commenter Carlyle for the link. ...
... History doesn’t repeat itself, but it rhymes. -- Mark Twain ...
... Historian Robert McElvaine in a Washington Post op-ed: "To the extent that our current history sounds like the 1930s, it is because of the lack of sense on the part of politicians. We know better than to slash spending and allow the rich to become even richer in a weak economy, but we’re set on doing it anyway. If there is a new Great Depression, it won’t be without rhyme, but it will be without reason." Thanks to Trish R. for the link. ...
... New York Times Editors: "A balanced [deficit reduction] plan, like the one Senator Kent Conrad is circulating among Senate Democrats, would cut spending and raise revenue equally, and would make it possible to pay for programs that kick-start the economy. Americans need to hear the hard economic truth that there is no way to both cut the deficit and revive the economy without finding additional sources of revenue." CW: a reminder: Kent Conrad, a ConservaDem has a plan that is more liberal than the one Obama is pushing. ...
... Mark Landler & Carl Hulse of the New York Times write an interesting report on Monday's debt ceiling negotiations. Unsurprisingly, the talks did not go well. ...
... President Obama Doesn't Care about Poor People. Igor Volsky of Think Progress: "... five separate sources with knowledge of negotiations have said that 'the president offered an increase in the eligibility age for Medicare, from 65 to 67, in exchange for Republican movement on increasing tax revenues.'" CW: okay, not just poor people, but anyone whose work involves physical labor. Volsky doesn't mention that raising the eligibility age would prove an inconvenience for many white-collar workers in the 65-67 age group, but it would work a true hardship on older blue-collar workers whose bodies are no longer adept at physical labor. In addition, it would force millions of older Americans to stay on the job for a few extra years, hanging onto jobs they don't want -- jobs younger Americans need and would often be more able to do. If these "five different sources" are right, this is one stupid & callous move on Obama's part. ...
... AND in his June 12 column, Paul Krugman explained why raising the eligibility age is a costly, terrible idea. CW: it now looks to me as if President Obama is just as smart as Joe Lieberman. And Joe Lieberman "isn't actually all that smart." ...
...NEW. Sen. Sheldon Whitehouse (D-R.I.) has introduced a Senate resolution to protect Social Security & Medicare (from President Obama's proposed "bipartisan" cuts). You can painlessly "write" to your senator in support of Whitehouse's resolution at this CREDO site. ...
... Dave Weigel of Slate wonders why President Obama is so bad at explaining the debt ceiling to the public. "How many Americans realize, for example, that if Paul Ryan got everyone drunk on $350 wine and got his budget signed into law, we would still exceed the debt limit many times into the future?" CW: well, Dave, maybe it's because he "isn't actually all that smart." ...
... Derek Thompson of The Atlantic poses a pretty good reason not to govern by opinion polls: "The massive financial bailout, which Americans still hate, could still make a profit of more than $100 billion. Meanwhile, not raising the debt ceiling, which Americans have supported, could cost the economy more than $100 billion."
Nelson Schwartz of the New York Times: "Tens of thousands of ’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest mortgage servicer, and investors in its troubled mortgage securities.... While powerful investors stand to benefit from the $8.5 billion settlement over the bank’s bundling of shoddy mortgages as securities, the fallout for the nearly 275,000 borrowers who took out those loans depends greatly on how deep they are in the foreclosure process and whether they earn enough money to dig themselves out.
Caesar's Wife. Keli Goff on the legacy of Betty Ford & the impossible standards First Ladies are supposed to meet:
... Rick Perlstein writes a lovely memorial to Ford on the New York Times op-ed page: "... few Americans changed people’s lives so dramatically for the better."
Nate Silver: "... first-term Republicans are considerably more conservative, relative to their districts, than those who also served in the 111th Congress." For this reason, and because the 2010 electorate was skewed Republican (the "enthusiasm" factor), their seats are highly vulnerable. CW: let's do something about that, Libruls!
Ahmed Sharai & Joseph Braude in a New York Times op-ed: "Morocco appears to have found a new model for political transition," a power-sharing arrangement, backed by a new constitution, between the king & a prime minister chosen by the parliament's elected majority.
An Interesting Aside: Saeed Shah of the Guardian: "The CIA organised a fake vaccination programme in the town where it believed Osama bin Laden was hiding in an elaborate attempt to obtain DNA from the fugitive al-Qaida leader's family.... CIA agents recruited a senior Pakistani doctor to organise the vaccine drive in Abbottabad.... The doctor, Shakil Afridi, has since been arrested by the Inter-Services Intelligence agency (ISI) for co-operating with American intelligence agents."
Right Wing World *
"Pray Away the Gay" (Then Deny You Tried Any Such Nonsense):
... Here's the print story. AND here's an earlier, more extensive, story from Mariah Blake of The Nation. ...
... "Her record of accomplishment is nonexistent":
... Conor Friedersdorf of The Atlantic: "Pawlenty is right.... [Bachmann] has no foreign policy experience, no executive experience, has never sponsored or co-sponsored a bill that became law, has never chaired a committee or subcommittee, and cannot even claim notable success outside the public sector like Mitt Romney." ...
... AND Bachmann calls the police. A lot. Marc Caputo of the Miami Herald pulls her complaints. Like the one where a former nun held Bachmann against her will in a ladies room. Uh-huh. Punchline: "None of the inquiries resulted in arrests."
* Where the definition of "gay" is "happy to be straight."
News Ledes
New York Times: "House Republicans on Tuesday failed to advance a measure that would repeal regulations that increase efficiency standards for light bulbs, rules that they have assailed as an example of government overreach.... But Democrats, despite being in the minority in the House, were able to defeat the repeal on a vote of 233 to 193 because the measure was brought up under rules that require a two-thirds majority for passage.
The BBC reports on former PM Gordon Brown's remarks re: the Murdoch empire's hacking of his personal information:
Guardian: "Rupert Murdoch will face the humiliation of the Commons issuing a unanimous all-party call for his scandal-ridden News Corporation to withdraw its £8bn bid for BSkyB, the great commercial prize he has been pursuing to cement his dominance of the British media landscape. In an extraordinary volte-face, David Cameron will disown the media tycoon by leading his party through the lobbies to urge him to drop the bid. Murdoch can defy parliament and press ahead with the bid, prompting a Competition Commission inquiry, but he risks finding himself ostracised by a political class that once scrambled to bend to his wishes." CW: oh, pardon my schadenfreude. ...
... Washington Post: "Parliament summoned [Rupert] Murdoch for questioning next week along with top executives overseeing his British subsidiary: his son James Murdoch, 38, and Rebekah Brooks, 43, a former editor of two of his papers."
Armageddon:
President Obama & Vice President Biden met with Congressional leaders to discuss you-know-what this afternoon. Update: New York Times post-meeting report: "From the White House and Congress to financial centers, pessimism spread on Tuesday about the prospects of a debt-limit deal between and Republicans, prompting the Senate Republican leader to propose a 'last-choice option' that piqued the administration’s interest but angered conservatives in his own party."
President Obama awarded the Medal of Honor to Army Sgt. Leroy Arthur Petry this afternoon. Washington Post post-event story here. New York Times story here.
Milwaukee Journal-Sentinel: "Voters get their first chance Tuesday to weigh in on the recall fever that's swept the state for the last four months when they vote in six primary races pitting Democratic recall challengers against 'fake' or 'protest' Democrats put up by the Republican Party. As election day approached, some activity was reported in favor of the Republican-backed candidates in at least four of the districts, but Democrats said they're confident their get-out-the-vote efforts will help their candidates survive."
Politico: Rep. Ron Paul (R-Texas), who is running for president for a third time, will not seek re-election to the House.
Washington Post: "A sprawling coalition of Wall Street and Main Street business leaders sent an unmistakable message to lawmakers Tuesday: ... Get the debt ceiling raised. The message [was] sent in a letter to President Obama and every member of Congress.... Republicans rely heavily on corporations for political support and have regularly cited the opinions of these 'job creators' in their opposition to new tax revenues. Many of the House GOP freshman most opposed to a compromise were swept into office with the help of financial support from groups behind the letter."
Politico: Senate leaders from both parties are trying to figure out ways to cover their asses on some kind of complicated (everything in the Senate is complicated) series of voting procedures. CW: not exactly the wording of the reporters, but close enough.
AP: "Afghan President Hamid Karzai's powerful half brother [Ahmed Wali Karzai], a lightning rod for criticism of all that is wrong with the Afghan government, was assassinated by a bodyguard Tuesday at his home in the southern province of Kandahar, officials said." New York Times story here. ...
... Washington Post Update: "In the months before his death by an assassin’s bullets on Tuesday, Ahmed Wali Karzai had quietly rebuilt his relationship with the United States and emerged as the most influential ally for American commanders and diplomats seeking to quell the Taliban insurgency in southern Afghanistan. They believe Ahmed Karzai, President Hamid Karzai’s half-brother and the leader of Kandahar’s provincial council, had started to evolve earlier this year from a self-interested strongman to a regional leader willing to take nascent steps to share power with political and tribal rivals. U.S. officials were initially skeptical of Taliban claims of responsibility for the assassination but now believe that the killer, a trusted Karzai security official, was a Taliban sleeper agent."
Waste, Fraud & Abuse. Who Cares? AP: "The federal government's systems for analyzing Medicare and Medicaid data for possible fraud are inadequate and underused, making it more difficult to detect the billions of dollars in fraudulent claims paid out each year, according to a report released Tuesday. The Government Accountability Office report said the systems don't even include Medicaid data. Furthermore, 639 analysts were supposed to have been trained to use the system — yet only 41 have been so far, it said."
Washington Post: "Secretary of State Hillary Rodham Clinton said Syrian President Bashar al-Assad has lost the legitimacy to rule after pro-government demonstrators stormed the U.S. Embassy in Damascus on Monday in what U.S. officials described as an orchestrated attack. Regime supporters hurled rocks, smashed windows and tore down the American flag at the embassy, triggering the strongest U.S. condemnation yet of the Syrian government."
AP: "The United States and its partners in the international diplomatic 'quartet' on the Middle East failed on Monday to reach agreement on how to restart Israeli-Palestinian peace talks, dealing a blow to urgent efforts to avert a looming confrontation at the United Nations over recognizing Palestine as an independent nation..... A Monday night meeting between Secretary of State Hillary Rodham Clinton, U.N. Secretary-General Ban Ki-moon, E.U. foreign policy chief Catherine Ashton and Russian Foreign Minister Sergey Lavrov was unable to produce a unified statement on how to proceed."
AP: "Michelle Obama and three former first ladies were among dignitaries heading to Palm Desert to pay tribute to Betty Ford at a funeral focusing on her twin passions: politics and her world famous Betty Ford Center for substance abuse and alcohol treatment." CW: read this one; it's interesting.
New York Times: "Shortly after Scotland Yard began its initial criminal inquiry of phone hacking by their own cellphone messages had been targeted by the tabloid and had most likely been listened to. The disclosure, based on interviews with current and former officials, raises the question of whether senior investigators feared that if they aggressively investigated, The News of the World would punish them with splashy articles about their private lives. Some of their secrets, tabloid-ready, eventually emerged in other news outlets." ...
in 2006, five senior police investigators discovered that... NEW. New York Times: "Former Prime Minister of employing 'known criminals' to gather personal information on his bank account, legal files and tax affairs." ...
brought new and alarming charges on Tuesday to the broadening scandal enveloping Rupert Murdoch’s media empire in Britain, accusing one of the most prestigious newspapers in the group... NEW. The New York Times' The Lede is following the latest developments on the Murdoch scandal. It's really a saga of one horrible intrusion after another. Includes videos.