Saturday, August 25, 2012
Wednesday, August 22, 2012
A real snoozer so far
- Obama blew his chance to effectively resuscitate the economy back in early 2009. Most reputable economists at the time predicted that the size of the proposed stimulus was inadequate to effectively reboot the economy. Both the world historical crisis of global warming and a crashed US economy provided an opportunity like no other. It was a WWII type opportunity to use tried and proven Keynesian deficit spending (yes, go deeper into the hole) to fire up our once powerhouse economy. A solution to these two seemingly intractable and unrelated problems could have been intertwined into a bold mammoth federally financed $2-3T 'green infrastructure' rebuild. The United States, still a powerful worldwide influence on every level, could have become a global showcase and world leader for sustainable 21st Century earth friendly technology. Obama and his advisors did not understand that global warming is a crisis like no other, something beyond the experience of humankind. Wars, revolutions, economic upheavals have all occurred countless times throughout history but humans have never overheated the atmosphere of the entire planet and then passively waited to see what would happen.
- And what about US health care reform? There was a broad consensus that radical reform was necessary to fix our dysfunctional and budget busting health care system. So what happens? Obama's opening gambit is a tepid, Republican-designed program that keeps most of the gamers untouched (health care insurance companies, hospitals, big pharma, medical equip manufacturers, overpaid specialists, malpractice opportunism, et al. ). Yet, the Obama proposal (later to be derisively dubbed “Obamacare”) as conservative and limited as it was, naturally was still hated by the Repubs. Why should they let him get a “win” on anything? Obama should have at least opened with proposing something big, something game changing - like a Single Payer System modeled on the VA or Medicare, real universal health care. Why can't we have what all the other wealthy industrialized countries have? Why not go over the head of the cynical negative bullshitter pundits on the right and center, the Repubs, the Bluedog Demos, and sell the idea directly to the American people. Medicare for All! And if it had to be downsized in scope, at least a fall back position could have the Public Option in competition with the greed based for-profit health plans. As it was his Affordable Health Care act barely got through Congress not just because of Republican intransigence but because it was so crappy and small bore.
Wednesday, May 30, 2012
Put on your raincoats heavy weather on the way
- The mainstream GOP which has transformed itself itself into something new under the sun – an institutionalized American far-right party. Ronald Reagan succeeded where Barry Goldwater failed. Goodbye Lincoln, Teddy Roosevelt, Eisenhower and even Richard Nixon. Many old line golf playing country club type Republicans must be a bit embarrassed by what their Grand Old Party has mutated into.
- The Frankenstein monster of the GOP base, opportunistically cobbled together over the years by party operatives, it has now become an almost uncontrollable mob. It is comprised of an hodgepodge of inveterate liberal haters: anti Federal Reserve and tax phobic Tea Partiers, bible thumping evolution denying Christian fundamentalists, “Birthers” stubbornly clinging to a lie, Second Amendment gun nuts wallowing in paranoia, 'free market' Ayn Randian-ophiles, plus assorted racists, gay haters and red neckian anti-immigrant 'nativists". And they all have one thing in common - they all positively loath Barack Hussein Obama.
- The loyalists of the Demo Party. These are the spokespeople and pundits one mostly sees on MSNBC and PBS supporting Obama on various fronts and gratuitously denigrating Repubs while only gently chiding their man, Obama, even as he stoops to conquer. For practical reasons they are reluctant to break with the Administration, tacitly accepting its position on most issues. But they are, too, dismayed by the Democratic Party's and Obama Administration’s reluctance to wage a robust counter attack on the new dangerous surging right.
- The Occupy movement is now the wild card. People even who don't agree with them respect their principled audaciousness and their role in identifying the real powers that be, the .01% behind the curtain and the banker elite. Their rabble-like style, resolute resistance to authority and sometimes even anarchist tendencies get mixed reviews from the 99% they claim to represent. Yet it is a welcome if yet indeterminate factor. Will their stance well left of Obama and outside the established political framework help or hinder his reelection? Will they grudging vote for the lesser evil in their mind, Obama, or not even participate? Obama has a poor record in supporting his Demo base especially the economic left (Glass Steagall anyone?), minorities, labor or the greens.
- Then of course we have the disaffected 'swing voters.' How will they respond to the propaganda blitz headed their way and designed to turn their pretty little heads? Many are in bad shape financially and/or emotionally – unemployed or underemployed, or their mortgage foreclosed on or underwater, or they have a new but shittier job, or there are just plain fed up with a dysfunctional system. They are perched in front row seats as they sadly witness a once proud nation slide inexorably into decline. Will they be stupid enough to take the time honored approach of disaffected voters and throw the toggle switch 'tossing the bums out' and vote the erstwhile bums back in? The Repubs are counting on it. The Repubs count on short attention spans, poor memories and the fine American traditional of hating taxes. And now that the Federal and State revenues have been decimated by decades of tax cut pandering, the Dreaded Deficit (that the tax cutters conveniently ignored as they actively participated in its run up) can be disingenuously blamed on the hapless fall guys - the Other party, the feckless Democrats.
Monday, January 9, 2012
Remember most of us don't vote
As we move toward the big test, Obama vs whatever clown the Repubs finally decide to present, we must bear in mind that over one half (54%) of the eligible voters did not vote in the last presidential election. This is according to International IDEA, an organization that supports and measures voting rates worldwide. They also report that only 42% of eligible voters voted in the last Congressional election. That is lower than Afghanistan, which is in the midst of a civil war and a stuck with a corrupt (US inserted) quisling for President, had a 46% turnout in their last election. And even a miserable hellhole like Chad (find it on your world atlas) with one of the lowest annual per capita incomes in the world, $870*, vote in higher proportion than the spoiled f**ks in the US of A with a per capita income of $46,860*. Compare that to Denmark, which had at 86% turnout and Sweden at 84%. Is there a relationship between perceived well-being and participation in the democratic process?
Are times really that bad? Are many of us so demoralized about our flat-lined incomes and plunging home values that we again won’t even bother to vote? If so many people don’t vote because they believe elections are just placebo, a rigged event controlled by elite insiders, then that would be one thing. Then we might be on the cusp of something big. It would mean people were waking up to the need for real change. Then we would expect to see hundreds of thousands (as compared to merely hundreds) out in streets and maybe even a general strike or two. But, alas, people don’t vote for far more pedestrian reasons. They are either too distracted or too busy (read: too self-centered), or just too out of it to connect the dots.
But our elections do matter. This time especially. This time it is essentially the inept caretakers vs the certified crazies. The Republican Party has gone bonkers. They are more out of touch with textbook economic reality than any time in their history. In trying to match the needs of their handlers, the richest .01%, and the motley collection of indignant poorly educated, fanatically liberal hating and covertly racist base, they are intent on inadvertently damaging the prospects of their beloved mode production – capitalism. Myopic attention to “the Deficit” in times of inadequate aggregate demand is a recipe for disaster considering the present shaky state of the world economy. In their ideological blindness, they are significantly more dangerous than the wishy washy, caretaker, centrist Democrats. Neither party is the real answer. But one must vote for the Democrats simply to lessen the steepness of the downward trajectory. The Democrats may be fools and many of them may also be corrupt tools of the ‘corporacracy’ but they are not stark raving mad. They are not anti-science, ideological ostriches who want to return us to some idealized vision of the 19th Century, and who want to crystallize into permanency our new Gilded Age with the 1 per centers locked away in their gated estates as the seas rise and food prices skyrocket, as we choke on our own fumes and cook the planet.
Elections are not decided by the votes from the loyalist bases of each party but by a bloc of poorly informed, distracted, malleable undecided voters – the proverbial ‘swing voters.’ This is where the corporate owned mainstream media most distinctly fails our democracy. These undecided voters sorely need honest, objective information and analysis not frantic ‘political sports reporting’ and cheap scandal mongering. The candidates’ personalities and verbal screw-ups might be entertaining and provocative in a sugar-rush sort of way, but it leaves the voters as empty vessels to be filled with well-designed political propaganda. As this next election shakes out into a final run, each side will spend hundreds millions of dollars on an obscenely expensive last ditch blast of dumbed-down, emotive political advertising most of it negative. The same ad agencies that nightly pump out an endless flow of putrid corporate propaganda to buy, buy, buy will turn to scaring and indoctrinating us to vote, vote, vote against candidate X because he or she is evil incarnate. The intellectual process of considering the implications of each candidate’s rosy cornucopia of polished, focus group-driven positions is totally left behind as people are encouraged to vote based on their raw emotions. And now with the Supreme Court’s landmark Citizens United decision lifting all restraints on corporate money flowing into elections, elections are set to become a billion dollar plus feeding frenzy of dueling agitprop pieces.
The Repubs are inveterate snake oil salesman. They are shills for the rich and very rich but have cajoled and tricked a pack of ignorant, liberal hating shmucks onto identifying themselves as loyal Republicans even as their interests are being eviscerated. But Obama has disappointed the educated and organized working classes. Like all politicians hustling for votes, he oversold what was possible with lots of touchy-feely, good vibes BS. It is not likely he can repeat that act. But the wise voters must realize will they have to hold their noses and again vote for the lesser evil; while the hoards of government fearing, anti-science, free marketeer dupes will vote for whoever emerges as the new front man for the right. But what will the ‘swing voters do? Will these passive TV-addicted couch potatoes, who have determined all recent presidential elections, again decide it’s time to ’throw out the bum’ and give the ‘others guys’, the GOP with their track record of proven abject failure, another shot? Unless there is some identifiable, tangible improvement in the economy, it will be a tight race indeed, a race between an Mr. Empty Suit (probably Mitt Romney), and Mr. Unfulfilled Promises, Barack Obama.
Tuesday, October 18, 2011
Is a Sleeping Giant Slowly Awakening?
Before we had this thing called democracy, citizens traditionally made their displeasure known with their local autocracy in the old-fashioned ways - rebellions, insurrections and revolutions. And these ‘popular movements’ usually started with an unauthorized assembly of the lower classes whose members usually had a valid set of complaints - generally something to do with not getting enough to eat. And the target of these complaints was always the same –the well-fed, arrogant and privileged bastards who were running things both ineptly and primarily for their own benefit.
- 46.2 million people Americans living below the poverty line, the highest number in 52 years of record keeping
- Corporations booked profits at a record $1.5 trillion a year, increasingly possessed by the super rich, while real unemployment stood at 16%
- Average income for the top 10% of Americans is $164,600 and $31,200 for the bottom 90% of Americans
- 10% of Americans control 2/3 of all wealth.
- We're 6.6 million jobs short of our pre-recession levels, and new workers enter the work force every day,
- Median full-time male workers make $48,000 a year, the same as 1969,inflation-adjusted.
- 98% of 27 million net new jobs created in America between 1990 and 2008 were in service sectors not easily outsourced, such as health care.
- 27 percent of African-Americans and 26 percent of Hispanics, more than 1 in4, live in poverty.
- Home prices have dropped to 2003 levels.
- The stock market is at 1998 levels and increasingly the domain of Wall Street insiders and computer trading.
- Wages declined more than 6% since 2007 while corporate and CEO income skyrocketed.
Here are some more that bear repeating: **
- The top 1% of the population receives nearly 25% of the all income and holds and astonishing 40% of the all US wealth.
- We are still engaged in two expensive official wars and at least four and maybe more unofficial ones.
- The military budget is at or above Cold War levels. Increasingly Obama, the Commander in Chief, is becoming interchangeable with Bush, in an open-ended, perpetual “War on Terror.”\
- As the planet warms and the weather gets ever weirder, the Denialsphere gets ever more traction as the Obama Administration turns its back on climate science.
- Many economists think we could well be headed for the dreaded ‘double dip’ as the ill-advised Super Committee confronts the politically contrived crisis of the Debt Ceiling and intends to lower government spending at the dead wrong time.
- Rising Medical costs reflected as health insurance premium rate hikes continue to reduce personal disposable income.
- Tea Party inspired GOPers in States houses and in Congress continues to overplay their phony mandate and pass every more draconian and reactionary legislation.
- Hoping to capitalize on widespread public discord and distress in the 2012 election, the GOP works day and night to drive the economy into the ground.
Sunday, October 2, 2011
Reflections 1
Monday, August 8, 2011
Tea Party as Shock Troops
In Naomi Kleins recent book Shock Doctrine she chronicles how economic fundamentalists take advantage of natural and economic disasters to privatize and cannibalize economies around the world. The result being windfall profits for connected multinational corporations while local control is eroded or even destroyed. Here in the US this fake Debt Ceiling crisis is starting shape up to be just such a disaster, this one instigated by these same economic fundamentalists. Their objective: to take over.
The GOP using the so called “Tea Party” as a combination anti-Obama ‘shock troops’ one moment and ‘economic terrorists’ the next, seem to be driving the entire already wobbly US economy off a cliff. First a disastrous stock market 512 point dive last week that followed the very disappointing eleventh hour agreement to avoid the artificially contrived possible US default on money it owes. Then low behold over the weekend a key conspirator in the original financial crisis, the rating agency Standards and Poors (what an appropriate name), dealt the US economy another body blow. By lowering the rating on US Gov bonds a notch, SP drove the stock market into another steep dive while feeding new energy into the politically instigated paranoia about the national debt.
Anyone who has taken even one intro course in college economics should be incensed, demoralized and depressed by this horrendous Kubuki theater by the ruling class we have just witnessed. From any point of view Obama, representing the moderate centrist wing of the ruling class, has been again taken to the cleaners by the far right, which now controls Republican Party. Obama, instead of a frontal assault on the GOP using their contrived Debt Ceiling crisis as a teaching moment for the American public (with lots of colorful graphs and charts), he accepted most if not all of his opponents politically motivated assertions – like Social Security being ‘in trouble.’ One basic fact that Obama could made known to the American public, as mind bending as a number like 14 trillion is, our national debt is being financed at a historically low interest rate. What better time to borrow to rejuvenate a flagging recovery? Yet we are going in the dead opposite direction!
And there was a very real threat of default. But it was not because the US was unable to afford to borrow. We are not like the PIGS in Europe (Portugal, Ireland, Greece and Spain) that due to market-determined high interest rates on their government issued bonds, who are in real trouble. No, it was because the Republicans decided to hold the country (maybe the whole world) ransom unless the Demos agreed to begin wholesale extirpation of Social Security, Medicare and Medicaid. This political theater exposed to the world the dysfunctional nature of American politics in which hostage taking is now fair game. It made us look like another near failed state. Confidence in the U.S. as a functional democracy must be falling all over the world.
Any objective person recognizes that our ongoing national debt must be addressed in an organized, thoughtful and rational manner. It should be approached as a practical input-output problem not a political football. Instead the solutions are being driven in the worst way by hard line ideologues and cynical power junkies who benefit whether their economic reasoning is correct or incorrect. In fact it is better if they are ‘wrong’ – and they know it.