The Ledes

Friday, August 1, 2025

CNBC: “Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market. Job growth totaled 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate for a gain of 100,000. June and May totals were revised sharply lower, down by a combined 258,000 from previously announced levels. At the same time, the unemployment rate rose to 4.2%, in line with the forecast.”

New York Times: “Known to many as Mary K..., Dr. Gaillard, who died on May 23 at 86, was the first woman hired by the physics department at the University of California, Berkeley, and later became a senior scientist at Lawrence Berkeley National Laboratory. But much of her groundbreaking work occurred earlier, during a long stint as an unpaid visiting scientist at the European Organization for Nuclear Research, or CERN, a laboratory on the Franco-Swiss border.”

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INAUGURATION 2029

Marie: I don't know why this video came up on my YouTube recommendations, but it did. I watched it on a large-ish teevee, and I found it fascinating. ~~~

 

Hubris. One would think that a married man smart enough to start up and operate his own tech company was also smart enough to know that you don't take your girlfriend to a public concert where the equipment includes a jumbotron -- unless you want to get caught on the big camera with your arms around said girlfriend. Ah, but for Andy Bryon, CEO of A company called Astronomer, and also maybe his wife, Wednesday was a night that will live in infamy. New York Times link. ~~~

Commencement ceremonies are joyous occasions, and Steve Carell made sure that was true this past weekend (mid-June) at Northwestern's commencement:

~~~ Carell's entire commencement speech was hilarious. The audio and video here isn't great, but I laughed till I cried.

CNN did a live telecast Saturday night (June 7) of the Broadway play "Good Night, and Good Luck," written by George Clooney and Grant Heslov, about legendary newsman Edward R. Murrow's effort to hold to account Sen. Joe McCarthy, "the junior senator from Wisconsin." Clooney plays Murrow. Here's Murrow himself with his famous take on McCarthy & McCarthyism, brief remarks that especially resonate today: ~~~

     ~~~ This article lists ways you still can watch the play. 

New York Times: “The New York Times Company has agreed to license its editorial content to Amazon for use in the tech giant’s artificial intelligence platforms, the company said on Thursday. The multiyear agreement 'will bring Times editorial content to a variety of Amazon customer experiences,' the news organization said in a statement. Besides news articles, the agreement encompasses material from NYT Cooking, The Times’s food and recipe site, and The Athletic, which focuses on sports. This is The Times’s first licensing arrangement with a focus on generative A.I. technology. In 2023, The Times sued OpenAI and its partner, Microsoft, for copyright infringement, accusing the tech companies of using millions of articles published by The Times to train automated chatbots without any kind of compensation. OpenAI and Microsoft have rejected those accusations.” ~~~

     ~~~ Marie: I have no idea what this means for "the Amazon customer experience." Does it mean that if I don't have a NYT subscription but do have Amazon Prime I can read NYT content? And where, exactly, would I find that content? I don't know. I don't know.

Washington Post reporters asked three AI image generators what a beautiful woman looks like. "The Post found that they steer users toward a startlingly narrow vision of attractiveness. Prompted to show a 'beautiful woman,' all three tools generated thin women, without exception.... Her body looks like Barbie — slim hips, impossible waist, round breasts.... Just 2 percent of the images showed visible signs of aging. More than a third of the images had medium skin tones. But only nine percent had dark skin tones. Asked to show 'normal women,' the tools produced images that remained overwhelmingly thin.... However bias originates, The Post’s analysis found that popular image tools struggle to render realistic images of women outside the Western ideal." ~~~

     ~~~ Marie: The reporters seem to think they are calling out the AI programs for being unrealistic. But there's a lot about the "beautiful women" images they miss. I find these omissions remarkably sexist. For one thing, the reporters seem to think AI is a magical "thing" that self-generates. It isn't. It's programmed. It's programmed by boys, many of them incels who have little or no experience or insights beyond comic books and Internet porn of how to gauge female "beauty." As a result, the AI-generated women look like cartoons; that is, a lot like an air-brushed photo of Kristi Noem: globs of every kind of dark eye makeup, Scandinavian nose, Botox lips, slathered-on skin concealer/toner/etc. makeup, long dark hair and the aforementioned impossible Barbie body shape, including huge, round plastic breasts. 

New York Times: “George Clooney’s Broadway debut, 'Good Night, and Good Luck,' has been one of the sensations of the 2024-25 theater season, breaking box office records and drawing packed houses of audiences eager to see the popular movie star in a timely drama about the importance of an independent press. Now the play will become much more widely available: CNN is planning a live broadcast of the penultimate performance, on June 7 at 7 p.m. Eastern. The performance will be preceded and followed by coverage of, and discussion about, the show and the state of journalism.”

 

Contact Marie

Email Marie at constantweader@gmail.com

Constant Comments

Success is not final, failure is not fatal: it is the courage to continue that counts.

Success is not final, failure is not fatal; it is the courage to continue that counts. — Anonymous

A nation of sheep will beget a government of wolvesEdward R. Murrow

Publisher & Editor: Marie Burns

I have a Bluesky account now. The URL is https://bsky.app/profile/marie-burns.bsky.social . When Reality Chex goes down, check my Bluesky page for whatever info I am able to report on the status of Reality Chex. If you can't access the URL, I found that I could Google Bluesky and ask for Marie Burns. Google will include links to accounts for people whose names are, at least in part, Maria Burns, so you'll have to tell Google you looking only for Marie.

Monday
Sep192011

The Commentariat -- September 20

I've posted a comments page today on Off Times Square on the President's deficit-reduction speech of yesterday.

Markos Moulitsas gives the President a Thumbs-Up: in reading "Obama's deficit reduction plan, looking for that poison pill. It looked too good to be true—an aggressive and truly progressive position at odds with his previous efforts at bipartisan compromise.... The process-focused consensus builder was a flop, and now we get to try something new, something inspiring, and something that genuinely motivates me to fight." ...

... Daily Kos & Sen. Jeff Merkley (D-Ore.) are calling on the supercommittee to support (1) "Independent review by the Congressional Budget Office to measure how many jobs it would create or eliminate; & (2) "Reject any budget package that would cost more jobs than it creates." You can sign a petition in support of their position here. I did. ...

... Jackie Calmes of the New York Times: President "Obama ... seems to have given up on his strategy of nearly a year, beginning when Republicans won control of the House last November, of being the eager-to-compromise 'reasonable adult' — in the White House’s phrasing — in his relations with them." ...

... Dana Milbank: "... it was refreshing to see the president in the Rose Garden on Monday morning delivering a speech that, for once, appealed to the heart rather than the cerebrum.... Whether his plan to tax the wealthy ever could — or should — become law is not really the point. Obama finally gave his side something to stand for after too much uncertainty. He also showed that he is finally learning to negotiate." ...

... Paul Krugman: "some notes on the actual class war that has taken place over the past 30 years — namely class warfare for the rich against the middle class."

... Karen Garcia: "The reviews of today's speech are mixed between those who feel it's too little, too late and a big fat fake, to those who are experiencing renewed hope that our beleaguered president has finally grown a spine, has drawn a line in the sand and thrown down the gauntlet and is fighting for the people. I tend to go along with the former. Obama should be leaving the deficit out of it. He should be leaving the social safety net out of it. He should be calling for higher taxes in order to create jobs, period. Working people will bring down the deficit once they're allowed to work." ...

... Jonathan Cohn of The New Republic: "President Obama’s new deficit reduction plan includes about $320 billion in cuts to government health care programs. Most of the cuts [are]  from Medicare.... But these reductions are less severe, and less worrisome, than some of the proposals Obama indicated he was willing to support over the summer.... The cuts ... are more or less consistent with the kind of cuts that you find in the Affordable Care Act: They are reductions designed to change the way Medicare pays for treatment and services, ideally (although not always) in ways that will actually improve the efficiency or quality of care." ...

... Sam Baker of The Hill: "There’s something for just about everyone to dislike in the $320 billion of healthcare savings President Obama proposed Monday."

... Brad Plumer of the Washington Post reports on five unexpected ideas in President Obama's deficit reduction plan, one of which is reforming the Postal Service.

The Wrong War. CW: A commenter in yesterday's Off Times Square got miffed at me for "deliberately misleading" readers on Paul Volcker's record as Fed Chair. Well, no I didn't, but the point I made was an aside & not a very important one, so I deleted it. Now comes Paul Krugman, who gets to the heart of the Volcker Fallacy: "Volcker, I’m sorry to say, is worrying about refighting the 1970s when we’re actually refighting the 1930s. And fighting the wrong war is a good way to lose the one we’re in." ...

     ... AND Krugman: "There are worse things than inflation," Part 2.

Landon Thomas of the New York Times: "As concerns grow that Greece may default on its government debt, economists are starting to map out possible outcomes. While no one knows for certain what will happen, it’s a given that financial crises always have unexpected consequences, and many predict there will be collateral damage. Because of these fears, Greece is working frantically in concert with other European nations to avoid default, by embracing further austerity measures it has promised in return for more European bailout money...."

Helene Cooper of the New York Times: "Increasingly convinced that President Bashar al-Assad of Syria will not be able to remain in power, the Obama administration has begun to make plans for American policy in the region after he exits. In coordination with Turkey, the United States has been exploring how to deal with the possibility of a civil war among Syria’s Alawite, Druse, Christian and Sunni sects, a conflict that could quickly ignite other tensions in an already volatile region."

Jeff Benedict in the Hartford Courant: At a social event, Connecticut Supreme Court Justice Richard Palmer apologized to Susette Kelo for his vote in favor of the City of New London. A vote in favor of Kelo would have changed the outcome of the case, at least at the state level. The U.S. Supreme Court, in a controversial 5-4 decision, ruled for the city to tear down a neighborhood in favor of urban redevelopment that never happened. The redeveloper backed out of the deal after the city moved Kelo's house & razed the neighborhood.

Horse Race Prelims. Susan Page of USA Today: "Texas Gov. Rick Perry leads former Massachusetts governor Mitt Romney for the GOP presidential nomination, a USA TODAY/Gallup Poll finds, in what is becoming a battle between the candidate who excites more Republicans and the one who shows stronger appeal among swing voters. The only other candidate in double digits is Texas Rep. Ron Paul, at 13%. Support for Minnesota Rep. Michele Bachmann has plummetted to 5%."

Right Wing World

Too Much Noon-Day Sun. Jillian Rayfield of TPM: After meeting with a local Tea Party group last month who thinks President Obama's long-form birth certificate could be a forgery, "infamous Arizona Sheriff Joe Arpaio ... announced a five-person 'Cold Case Posse' that will delve into the issue of President Obama's birth certificate."

News Ledes

Reuters: "The House of Representatives unexpectedly defeated a bill that would fund the federal government past September 30 on Wednesday as dozens of Republicans broke with their party to push for deeper spending cuts. The measure failed by a vote of 195 to 230, with 48 of the chamber's most conservative Republicans joining Democrats in opposition. It was an embarrassment for House Republican leaders who have at times struggled to rein in rank-and-file conservatives." New York Times story here.

President Obama salutes the people of Libya:

     ... New York Times: "President Obama on Tuesday extended to Libya’s transitional leader a diplomatic honor never offered his predecessor, meeting formally with Mustafa Abdel-Jalil at the United Nations and heralding the victory of Libyan rebels who brought an end to the 42-year reign of Col. Muammar el-Qaddafi."

New York Times: "Al Jazeera, the pan-Arab news network controlled by Qatar, named a member of the Qatari royal family on Tuesday to replace its top news director following disclosures from the group WikiLeaks indicating that the news director had modified the network’s coverage of the Iraq war in response to pressure from the United States."

New York Times: "Troy Davis, whose death row case ignited an international campaign to save his life, has lost what appeared to be his last attempt to avoid death by lethal injection on Wednesday. Rejecting pleas by Mr. Davis’s lawyers that shaky witness testimony and a lack of physical evidence presented enough doubt about his guilt to spare him death, the Georgia State Board of Pardons and Paroles ruled on Tuesday morning that Mr. Davis, 42, should die for killing Mark MacPhail, an off-duty police officer, in a Savannah parking lot in 1989." Atlanta Journal-Constitution story here. A pdf of the ruling is here.

AP: "The world economy has entered a 'dangerous new phase,' according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year."

New York Times: "Actions taken by David M. Becker, the former general counsel of the Securities and Exchange Commission, in the Bernard L. Madoff matter are being referred to the Department of Justice for a possible criminal investigation to determine whether they ran afoul of federal conflict-of-interest laws."

New York Times: "The most prominent Afghan official trying to negotiate a reconciliation with the Taliban was assassinated Tuesday night by a suicide bomber with explosives tucked in his turban who had been brought to his home by a trusted emissary, officials said. The assassination was a potentially devastating blow to the Afghan-led peace process aimed at ending 10 years of war."

New York Times: "The 18-year-old “don’t ask, don’t tell” policy officially ended at midnight...." Washington Post story here. AP story here.

CNN: in a surprise appearance, Rep. Charlie Rangel (D-NY) showed up at an event Republican presidential candidate Rick Perry held in Rangel's district. Rangel said his purpose was pleasantries, but he later blasted Perry in a statement.

Sunday
Sep182011

The Commentariat -- September 19

This is not class warfare. it's math. -- Barack Obama

... The plan is here (pdf).

... Steve Kornacki of Salon explains why: Obama has finally figured out that Congressional Republicans will oppose his every policy, so he has shifted into campaign mode to establish the difference between Republican & Democratic proposals. CW: I think he "caught on" about 18 months too late, & as Kornacki points out "late may not be better than never" in terms of Obama's political future. But it's all he's got. ...

... NEW. Nice Guys Finish Last. Ezra Klein says the reason Obama changed course is that, well, his bipartisan strategy was losing voters. ...

... Matt Yglesias: "... as a statement of vision [President Obama's deficit reduction plan] sets up the contrast with the opposition quite clearly. House Republicans want to repeal Medicare in order to make tax cuts for the rich affordable, President Obama wants to tax the rich in order to make Medicare affordable. Some [progressive] critics will focus on the relatively small changes to federal health care programs here, but the President is essentially doing what progressives have been urging him to do for months — abandoning the strategy of pre-compromising, and planting his flag in a way that draws strong contrasts." ...

... NEW. Digby: President Obama "frames it as a 'shared sacrifice' so that people still believe it's right to trade essential middle class benefits for millionaire chump change. I hate that formulation and I think it's a mistake to perpetuate it.... Overall, I think the obvious takeaway is that the White House isn't looking to make any more deals to please Wall Street and burnish its 'post-partisan' image before the election. To that, I can only say 'thank God.'" ..

... NEW. Jon Walker of Firedoglake: "... it is important to remember: simply because the president did not put ... cuts [in Medicare] on the table doesn’t mean he took these cuts off the table."

... See also Glenn Greenwald's post, linked below. Oh, and there's this from VastLeft.com, via Greenwald:

... And here is why you should never, ever pay any attention to anything coming from the mind of Mark Penn, the man who sabotaged the primary election for Hillary Clinton.

Bill Keller of the New York Times: "The decline in Obama’s political fortunes, the Great Disappointment, can be attributed to four main factors: the intractable legacy bequeathed by George W. Bush; Republican resistance amounting to sabotage; the unrealistic expectations and inevitable disenchantment of some of the president’s supporters; and, to be sure, the man himself." CW: I'm not a big fan of Keller's, but this seems to be a pretty "fair & balanced" essay; most of us can agree with most of the points (I think) -- which is a pretty amazing feat in itself. ...

... I've posted a Keller page on Off Times Square.

Krugman, the Movie

... But He Does It Anyway. Paul Krugman: the U.S. and European nations have instituted austerity programs to boost corporate & public "confidence" in government. "Strange to say, however, confidence hasn’t surged. Somehow, businesses and consumers seem much more concerned about the lack of customers and jobs, respectively, than they are reassured by the fiscal righteousness of their governments. And growth seems to be stalling, while unemployment remains disastrously high on both sides of the Atlantic.... What we really need ... is to convince a substantial number of people with political power or influence that they’ve spent the past year and a half going in exactly the wrong direction, and that they need to make a U-turn." ...

... Former Fed Chair Paul Volcker in a New York Times op-ed: "... the danger is that if, in desperation, we turn to deliberately seeking inflation to solve real problems — our economic imbalances, sluggish productivity, and excessive leverage — we would soon find that a little inflation doesn’t work. Then the instinct will be to do a little more — a seemingly temporary and 'reasonable' 4 percent becomes 5, and then 6 and so on. What we know, or should know, from the past is that once inflation becomes anticipated and ingrained — as it eventually would — then the stimulating effects are lost." ...

... Binyamin Appelbaum of the New York Times: "Investors have concluded that the Federal Reserve will announce new measures to promote economic growth after a meeting of its policy-making committee ends Wednesday. Long-term interest rates have moved as if the Fed had already spoken. The central bank is often ... facing the choice of whether to do more to improve the economy. But the anticipatory behavior of investors means the Fed really faces a slightly different choice...: whether to risk doing less than expected."

** Steven Pearlstein of the Washington Post relates an excellent -- and do-able -- idea to help millions of underwater homeowners: order Fannie Mae & Freddie Mac to allow fully-paid-up mortgageholders to refinance at lower interest rates with low refinanacing fees & no appraisals, & grant banks who agree to similar low refinancing charges "immunity from lawsuits stemming from loans issued during the bubble." The plan's designers, at least one of whom is a Republican, "estimate that their plan could allow as many as 25 million households to refinance mortgages and have an extra $70 billion every year to spend and invest — the equivalent of a $70 billion-a-year tax cut that can be had at no cost to taxpayers." Reading Pearlstein's prose is a bit of a slog, but especially if you hold such a mortgage, it's worth a read.

If (former President) Bill Clinton had been in the White House and had failed to address this problem, we probably would be marching on the White House. There is a less-volatile reaction in the CBC because nobody wants to do anything that would empower the people who hate the president. -- Emanuel Cleaver (D-Mo.), Chair of the Congressional Black Caucus

David Goldstein of McClatchy News: "As chairman of the Congressional Black Caucus, [Rep. Emanuel Cleaver] has been at odds with President Barack Obama over his administration's response to the soaring unemployment rate in the African-American community. Nearing 17 percent, joblessness among blacks is at a three-decade high and almost twice the size of the overall unemployment rate. The black caucus wants the president to do more."

Michiko Kakutani of the New York Times: "The portrait of the Obama White House that the veteran journalist Ron Suskind draws in his searing new book, 'Confidence Men,' is that of a young, inexperienced president lacking the leadership and managerial skills to deal effectively with the cascading economic problems he inherited; a brainy but detached executive with a tendency to frame policy matters intellectually 'like a journalist, or narrator, or skilled observer'; an oddly passive C.E.O. whose directive on restructuring the banks in the wake of the 2008 financial crisis was, the author says, ignored or slow-walked by his own economic team." CW: this is the most informative review of Suskind's book I've read, & it gives a much fuller picture of Suskind's conclusions than have news reports that mostly picked out the good gossip & left it at that. Suskind pretty much confirms what most of us have figured out. Thanks to Kate M. for the link. ...

... ** Glenn Greenwald: "Geithner wasn't chosen and hasn't remained despite being 'associated with the deregulatory policies of the past' and despite being the bankers' 'man in Washington.'  He is empowered precisely because of those facts.... Obama featured progressive economists during the campaign, only to immediately subordinate them to Wall-Street-subservient officials once in power.  Feigning progressive leanings for political gain is Obama's modus operandi.... That's why -- after 2 1/2 years -- we suddenly see an outburst of 'fighting for jobs' and, now, a call to raise taxes on the rich.  He does that precisely because everyone -- especially the rich -- knows it will not and cannot happen." CW: Greenwald's is a well-supported POV (he's been providing the evidence for years), so it would be naive & irresponsible to rule it out. ...

... AND here's a really entertaining conversation between Frank Rich & Adam Moss of New York Magazine on Suskind's book. CW: I have always thought former Sen. Byron Dorgan (D-ND) was the most fiscally responsible member of the Senate (he retired in 2011). Dorgan tolc President-Elect Obama in December 2008 exactly what I would have (& did on Reality Chex) about his utterly horrible economic personnel choices:

I don't understand how you could do this. You've picked the wrong people!

E. J. Dionne: "However justified their past grievances might be, [Democrats] have a powerful collective interest in seeing the fighting Obama get his new act off the ground."

The motivation for this is somewhere between despicable and reprehensible. In a close election, that could be devastating. -- former Gov. Ed Rendell (D) ...

... Katharine Seelye of the New York Times: "The newly empowered Republicans in Pennsylvania are considering changing the way the state awards its electoral votes in presidential elections despite growing concerns by some Republicans that the move could backfire." ...

... Nate Silver: Silver lays out a number of the scenarios in which their little plot could backfire. ...

... Meanwhile, Alexander Burns of Politico: Nebraska Republicans are pushing to go from a Congressional District-based Electoral College to a winner-take-all system to avert the possibility that Obama will -- as he did in 2008 -- win one whole Electoral College vote in the 2nd Congressional District (Omaha area).

Right Wing World

Class Warfare, Republican Style. Do these people ever listen to themselves? --

     ... Who knew Chris Jansing was a Bolshevik? Well, she does have her red dress on. Alex Seitz-Wald of Think Progress has more. ...

... THEN, Laura Clawson of Daily Kos does the math & finds that Poor Mr. Moneybags there is paying those 500 workers he so benevolently employs far less than $11,400 a year -- gross. CW: Oh, what could be wrong with that? ...

... John Cook of Gawker doesn't even have to do any math to learn that it costs $200,000 a year just to feed a Republican Congressional family of six. ...

     ... Steve Benen piles on: "If it seems like these incidents come from fairly often, it’s because they do. Last month, Rep. Steve Southerland (R-Fla.) complained that his $174,000 per year congressional salary is inadequate, given all 'the hours' he works. In March, Rep. Sean Duffy (R-Wis.) complained to voters that he’s 'struggling' on his $174,000 congressional salary, and to prove the point, he complained about 'driving a used minivan.' In April, Rep. Denny Rehberg (R-Mont.), the 23rd richest member of Congress who owns millions of dollars in farm and ranch land, whined that he and his wife 'are struggling like everyone else.' ... As a rule, politicians make an effort not to appear out of touch. These guys aren’t even trying."

Republicans -- Keeping millions out of work to put one man out of a job. -- Attribution: Hazy

Mitch Daniels Gets It Half-Right. Jeff Zeleny of the New York Times: "Four months after he decided against jumping into the Republican presidential race, Gov. Mitch Daniels of Indiana says that he has occasionally been frustrated by the discourse in the campaign and that the field could benefit from at least one more contender whose candidacy was rooted in a message of fiscal discipline. Mr. Daniels said his party’s candidates had a responsibility to conduct a 'more candid and honest' conversation about the nation’s financial burdens, particularly Social Security and Medicare."

Walt Cronkite (really!) of CBS News: "Presidential hopeful Mitt Romney highlighted his Michigan roots Wednesday at an Arizona Ford dealership, telling the owner about his collection of Cadillacs." (Emphasis added.) CW: so he strapped his dog to the hood of a Cadillac?

News Ledes

TPM: "The Justice Department said Monday that Texas' state House and congressional redistricting plans didn't comply with Section 5 of the Voting Rights Act (VRA), indicating they thought the maps approved by Gov. Rick Perry (R) gave too little voting power to the growing Latino population in the state. Officials with DOJ's Civil Rights Division said ... they had concerns with the state House plan and the plan for congressional redistricting."

President Obama made remarks on the deficit & recommendations to the Joint Congressional Committee on Deficit Reduction this morning. CW: Video & link to document in left column. ...

... New York Times: "President Obama called on Monday for Congress to adopt his 'balanced' plan combining entitlement cuts, tax increases and war savings to reduce the federal deficit by more than $3 trillion over the next 10 years, and said he would veto any approach that relied solely on spending reductions to address the fiscal shortfall."

... Reuters: "Republican leaders on Sunday criticized President Barack Obama's proposal for a new tax on millionaires, calling it 'class warfare' and predicting it will face heavy opposition in Congress." CW: but it's not "class warfare" when they do the bidding of the rich at the expense of the rest of us?

The Hill: "Three congressional Democrats are introducing a bill Wednesday that would abolish the federal debt ceiling. The lawmakers say that the recent debate to raise the ceiling and avoid default had a 'disastrous' effect on the U.S economy, and that the legislation would keep parties from using a potential default as a hostage in future budget debates.... But the bill is unlikely to gain traction, especially in the Republican-controlled House."

New York Times: "Greek leaders struggled through the weekend to agree to a set of radical budget reductions that would satisfy foreign lenders’ demands even as they tried to stave off mounting resistance to those cuts at home."

Saturday
Sep172011

The Commentariat -- September 18

I've posted an Open Thread on today's Off Times Square.

Lori Montgomery of the Washington Post: "... the debate [over the U.S. tax code] has revolved around 'loopholes' for corporate jets and ending 'carve-outs' for well-heeled special interests. But if the goal is debt reduction, that’s not where the money is. Broad tax breaks granted to millions of families at all income levels dwarf the corporate giveaways. Over the past two years, largely because of these popular benefits in the federal income tax code, the government has reached a rare milestone in tax collection — it has given away nearly as much as it takes in. The number of tax breaks has nearly doubled since the last major tax overhaul 25 years ago, with lawmakers adding new benefits for children, college tuition, retirement savings and investment. At the same time, some long-standing breaks have exploded in value.... All told, federal taxpayers last year received $1.08 trillion in credits, deductions and other perks while paying $1.09 trillion in income taxes, according to government estimates." ...

... Steve Benen on tomorrow's speech in which President Obama will roll out his deficit-reduction plan: "Everything we’ve seen from Obama this month suggests this White House has chosen a new posture when dealing with the GOP..... For those who’ve been urging Obama to adopt progressive principles and show a willingness to fight, it’s worth appreciating the fact that the president is doing exactly as they recommended."

Former President Bill Clinton speaks to ABC News' Christiane Amanpour about the Clinton Global Initiative, which will concentrate on American jobs this year. Clinton "says that partisanship in Washington is hampering any ability to reach economic solutions for the country":

video platformvideo managementvideo solutionsvideo player

Sylvia Nasar, in a New York Times op-ed, on economist John Maynard Keynes, whom she describes as "the Winston Churchill of economics, radiating optimism when things looked bleakest, never so happily engaged as in a national or global emergency." Unlike earlier economists, who practiced "the dismal science," the school of economics Alfred "Marshall pioneered and Keynes and others innovated was a genuine revolution in human thinking that changed the lives of everyone on the globe."

Charles Darwin. Illustration by Carl Wiens for the New York Times.Rivalry of the Fittest. Economist Robert Frank in the New York Times: Naturalist Charles Darwin's "understanding of competition describes economic reality far more accurately than [economist Adam] Smith’s.... Darwin ... understood that competition often favored traits that brought misery to all.... Frank then uses his Darwin-as-Economist theory to argue that market competition is often wasteful, & a "progressive consumption tax" would cause less waste than the income tax. CW: This sounds like a scam to make the super-rich richer (especially because Milton Friedman -- according to Frank -- thought it was a good idea), but I'd have to ask Krugman. ... Update: okay, I will ask Krugman. Update 2: so I did ask Krugman, who is traveling now, if he'd speak to the consumption tax in a blogpost. Anyway, the illustration is cute.

Bryan Burrough of the New York Times: Retirement Heist, a new book by Wall Street Journal reporter Ellen Schultz, reveals that "many of the largest American companies have systematically plundered their employees’ pension funds, at once robbing their workers of hard-won benefits and enriching their own profits." Burroughs doesn't think much of the narrative flow of the book, but the facts are outrageous & heartbreaking.CW: And buried in his own less-than-fabulous narrative style, is the fact that you can blame Washington for letting corporations get away with this massive heist. ...

... The Alternate Plan. Becca Aaronson of the New York Times: "Government employees in Galveston, Brazoria and Matagorda Counties [Texas] have controlled their private retirement plan for 30 years. They opted out of Social Security before Congress changed the law in 1983 to prevent others from withdrawing.... Both the G.A.O. and Social Security studies concluded that lower-wage workers, particularly those with many dependents, would fare better under Social Security, while middle- and higher-wage workers were likely to fare better, at least initially, under the Alternate Plan." ...

... Stephen Ohlemacher of the AP: "Most of the top Republicans running for president are embracing plans to partially privatize Social Security, reviving a contentious issue that fizzled under President George W. Bush after Democrats relentlessly attacked it."

NEW. Peter Wallsten & Zachary Goldfarb of the Washington Post: "Obama administration officials scrambled Friday to hunt down copies of a new book scheduled to be released next week that paints an unflattering portrait of a dysfunctional and acrimonious White House that sometimes stymied President Obama’s effort to rescue the country’s economy. The book, “Confidence Men: Wall Street, Washington and the Education of a President,” by journalist Ron Suskind, comes at an inconvenient time for an administration that increasingly finds itself on the defensive over questions of effectiveness." ...

[OMB Director Peter] Orszag told Suskind, according to the book: 'Larry [Summers] just didn’t think the president knew what he was deciding.' Meeting over dinner at the Bombay Club one night, Summers told Orszag..., according to the book. 'I mean it,' Summers said. 'We’re home alone. There’s no adult in charge. Clinton would never have made these mistakes.' ...

... ** David Dayen of Firedoglake: "I actually laughed out loud when I read that last part. Because the seeds of the Great Recession were planted while Clinton was 'the adult in charge' — at the urging of none other than Larry Summers (and his partner in crime, Robert Rubin).... Unfortunately, Obama may never recover from appointing people like Larry Summers and Tim Geithner in January 2009."

Barbara Blaine in the Guardian on why her group Survivors Network of Those Abused by Priests (SNAP) has brought a suit in the International Criminal Court at The Hague charging the Pope & the Vatican with crimes against humanity.

Prof. Cynthia Tucker re: the impending execution of Troy Davis: "... there are ... compelling arguments that point to Davis' innocence -- that suggest, instead, he was set up by the actual triggerman and witnesses who lied to protect themselves. That's the problem with this case: There is now reasonable doubt. The American criminal justice system ... isn't well-equipped to handle such doubts after a man has already been convicted by the proverbial jury of his peers. So Davis is set to die by lethal injection on Sept. 21 unless the Georgia Board of Pardons and Paroles, his last hope, grants him clemency."

Chrissie Thompson of the Detroit Free Press analyzes the GM-UAW contract. "Both General Motors and the UAW can claim victories with the tentative labor contract they reached Friday night after seven weeks of sometimes-exhausting negotiations. GM is giving workers $5,000 signing bonuses, adding thousands of jobs and dishing out a $3-an-hour raise for entry-level workers. But by adding more low-cost, entry-level workers, buying out highly paid skilled-trades workers and denying the union a cost-of-living adjustment, GM should be able to build each car more cheaply for years to come."

Right Wing World *

Both Gail Collins & Maureen Dowd comment on Rick Perry; Dowd concentrates on his dumbness, & Collins on his provincialism.

Making Up Stuff. Again. David Leonhardt of the New York Times: "Besides President Obama, the biggest villain in the early Republican debates has been a Republican: Ben S. Bernanke, the Federal Reserve chairman, who was first appointed by George W. Bush and previously served as a Bush adviser.... Mr. Perry and Mr. Romney accused Mr. Bernanke of devaluing the dollar through inflation. Newt Gingrich, former House speaker, called Mr. Bernanke 'the most inflationary' chairman ever." But in fact, "Under Mr. Bernanke, inflation has been lower than under any other Fed chairman in the past 40 years — and lower than in the five years before he took over." CW: they just don't like someone who dares to suggest helping the economy during a Democratic presidency is patriotic.

* Where dumb & provincial are winning attributes.

News Ledes

New York Times: "President Obama will unveil a deficit-reduction plan on Monday that uses entitlement cuts, tax increases and war savings to reduce government spending by more than $3 trillion over the next 10 years.... The plan ... is the administration’s opening salvo in sweeping negotiations on deficit reduction to be taken up by a joint House-Senate committee over the next two months. If a deal is not struck by Dec. 23, cuts could take effect automatically across government agencies.... Aides said Mr. Obama will expressly promise to veto any legislation that seeks to cut the deficit through spending cuts alone and does not include revenue increases in the form of tax increases on the wealthy." Washington Post story here.

NBC News: "Texas congressman Ron Paul won the California Republican straw poll Saturday after making several speeches at the GOP state convention...."

Oh, how could I have missed this? Politico: "Rick Santorum captured a home-state straw poll win of Pennsylvania Republicans on Friday night. Santorum, the two-term Pennsylvania senator, won 36 percent of the vote from state committee members, beating Mitt Romney’s 25 percent and Rick Perry’s 18 percent. No one else here cracked double-digits." CW: ... which gives you a glimmer of how important straw polls are.