Friday, January 20, 2012

Republicans Fighting for the Heart of the Republican Party

Santorum won the Iowa caucus after all, despite some alleged last minute shenanigans by the Romney supporters. But Romney clearly won New Hampshire, which is basically in his backyard. And, surprise, Newt Gingrich may pull out a squeaker in South Carolina. It's only January, and already there's been three primaries and possibly three different winners. We'll know the results by Saturday night... hopefully. The good news is that Republicans are trying to redefine their party. The bad news is that a lot of Republicans want a candidate who's as far to the right as possible.

It's clear the Republican party, after years of blunders and incompetence by George W. Bush, needs to go back to the drawing board. More important, the conservative ideas of the last thirty years simply don't work anymore. To put it bluntly, the Republican party needs to reform itself.

Of course, the notion of a Republican reformer is still a bit of an oxymoron. As so often happens in Washington, yesterday's right wing Republican vanguard is today's establishment. As an example, Santorum was a rebel when he was elected Senator from Pennsylvania. After two years, he became an establishment Republican protecting the business as usual interests of wealthy conservative Republicans, bankers and Wall Street high rollers. Hey, it's lucrative being a member of the establishment. And now, Tea Party favorite Eric Cantor is pulling the same stunt: after only one year this time, a Republican rebel has once again discovered the advantages of being part of the Republican establishment. Listen to what he says on TPMLivewire:
At a time when the Republican presidential nomination contest is growing increasingly nebulous, House Majority Leader Eric Cantor (R-VA) urged his party to “coalesce around a single vision with a nominee.”
It's not hard to read the tea leaves in Cantor's words. Instead of supporting an open primary process, he's telling voters to support the establishment candidate—meaning: someone who might be able to get elected. Everybody knows that neither Santorum or Gingrich is electable. Santorum represents a draconian right wing vision and Gingrich's reckless behavior does not make him fit for the oval office.

So the tea party big shots, who stopped mentioning the name of George W. Bush in 2008, want to continue Bush's policies by supporting Mitt Romney. Yep. Just what the country needs, two Republican businessmen in a row making decisions in the Oval Office according to what the hot shots on Wall Street want.

Hang on to your seats, folks. Until the leaders of the GOP reform the party, it's going to be a wild ride.

Labels: ,

Thursday, January 19, 2012

A Contrarian Post on the Keystone XL Pipeline

I'm going to say some things in this post about the Keystone XL Pipeline that are likely to irritate liberals and conservatives. So let me begin with some premises about what's going on in the world.

1) Global warming is a real threat. Exactly what will happen in the next 100 years is not certain at this time. Maybe global warming won't be so bad. Maybe it will be our worst nightmare. The potential downside, however, is enormous if we do not take steps to control global warming. I'm reminded that we were told by industry experts and hotshot conservatives that nuclear energy poses no significant problems. The accident at Fukushima was supposed to be a once in a thousand year incident. It's rather odd how once in a hundred year events or once in a thousand year events keep happening. The worst case scenarios for global warming are too dangerous not to be taken seriously.

2) The fossil fuels we're using today are not only more expensive, but they are much dirtier and more prevalent than they were sixty years. Even if global warming were not an issue, it is pretentious to think that pollution from fossil fuels is not an issue. The growing acidification of the oceans is a major issue. The sulfurous clouds hanging over Asia are also an issue. These issues concern everyone, particularly the U.S.

3) The exploitation of tar sands, despite many measures taken to address environmental concerns, is proof that we're in trouble if we have to turn to such a dirty and expensive fuel. Light sweet crude is in decline and has been for several years.

4) The oil industry has convinced millions of Americans that global warming is not real, that alternative energy is a job killer and that oil can continue indefinitely to solve our energy needs. All three assertions are lies and are propaganda paid for by the oil industry, with considerable help from the people who control the Republican party.

5) The hour is late. We have put off the inevitable since the 1970s. Given the lateness of the hour, it will take an enormous amount of investment and work to create an economy based on alternative energy. And it will take time. I have seen very little that puts a number on how long it will take to cut our use of fossil fuels worldwide by 50%. Here I do not have the facts, but my guess is that it will take 15-30 years.

6. To power the transition, we will need a strong economy. It very likely will take the burning of more fossil fuels to power the transition to that economy. If we abruptly stop burning fossil fuels, the transition probably will not happen. Of course, as the use of alternative energy goes up, the use of fossil fuels can go down, but the consumption of fossil fuels cannot decline too fast.

7. The use of fossil fuels may possibly drop rapidly due to declining reserves of usable fossil fuels. Though the oil industry is beginning (just barely) to admit that fossil fuels other than coal will soon become much more difficult to bring to market, we again have wasted decades by not turning to alternative fuels sooner.

8. If by chance, or through incompetence of the far right, the economy of the U.S. collapses, or even if it simply declines, it is likely more fossil fuel will go to power the economy of Asian countries. Countries like India and China show no signs that they will be cutting the use of fossil fuels any time soon. The leadership role, by default, goes to the United States. It's true that Europe can be helpful but the continuing monetary crisis in Europe shows how difficult it can be for the Europeans to lead. Keep in mind, however, that over the last thirty years, Europeans have done a much better job than the U.S. of turning to alternative energy. But they are vulnerable to swings in the oil and natural gas markets. Europe has twice the population of the U.S., and if one does not count Russia, their oil reserves are considerably less.


Okay, here it goes.

I have very mixed feeling about the Keystone XL pipeline. Despite everything, we may need it. Republicans have handled our energy problems with such extraordinary incompetence that they have threatened our future.

I find it curious that some proponents and critics of the pipeline say the building of the pipeline won't significantly bring down the price of oil. Actually, the pipeline will bring down the price a small amount—not necessarily something to cheer about. It is politically not feasible, but I believe we need to make sure the price doesn't come down too far. Better yet, we need to slowly raise prices to match the real cost of oil, including clean up and CO2 emissions. We need to stop passing on the real cost of fossil fuels to our children and grandchildren. And Republicans need to stop indulging in the fantasy that some scientist will come up with some magic solution—this is ironic given how little Republicans have faith in science and how little they are willing to pay for major buildup in research. Right wingers cannot keep cutting the budget for science while expecting miracles.

Republicans have been bad-mouthing Detroit for almost four years, but Detroit is actually moving more and more toward efficient cars. What Republicans fail to understand is that Americans need both jobs and more efficient cars and transportation (don't anyone pretend that the pipeline will create a huge number of jobs; they will create some, but that's all). That the current Republican leadership would let Detroit go under says a great deal about the incompetence of Tea Party Republicans and other right wingers.

It is ridiculous, as some 'experts' have argued, that the building of the pipeline will make us dependent on Canada. Oil from Canada is a far safer bet than depending on keeping the Straits of Hormuz open. Yes, our navy can keep the straits open and probably will have to continue to do so. But having a secure supply of oil should not be discounted. There are going to be energy disruptions in the next twenty years. I despise the tar sands, but we may need those reserves to fuel the transition.

Now I'm going to really be contradictory. To a large extent, I support the protests against the pipeline. It is disgusting that we are relying on tar sands and talking as if oil is forever and that global warming is of no concern. The protests are a sign that Americans are at last waking up to concerns about our future. The obstructionism and incompetence of Republicans will continue for some time to come until somebody starts rebuilding the party on more pragmatic lines. In the meantime, I would like to see the protests geared more towards actually getting more green energy projects installed. But no one should pretend that we can quickly go without oil.

In some respects, I find it more urgent to start going after coal. Coal is tar sands in its worst form. If Congress had any sense, no more coal plants would be built. Again, it will take time to transition, but coal plants that go offline should not be replaced. This is where green organizations should be focusing. Not just closing coal plants, but replacing them with green energy. The money is potentially there. If progressives can raise money for political causes, they can raise money to build windmills, solar roofs and other forms of alternative energy.

Labels: , ,

Sunday, January 08, 2012

The Sociopaths on Wall Street

The ideal corporation through most of the 20th century was one that pursued profits while being reasonably responsible toward workers, the community, and consumers. Since about the 1960s, corporations have also, at least in theory, been more responsible when coming to the environment.

However, since the 1980s—some would argue sooner—there has been a deterioration in corporate ethics in many sectors. Certainly the S & L crisis, the ethical failures of the Exxon Valdez episode and the deaths and lack of financial responsibility associated with the Union Carbide Bhopal disaster—all three occurred in the 1980s—makes it clear that the interpretation of deregulation in that era was far too often synonymous with ethical lapses in the executive suite. From the end of the Reagan era until the end of George W. Bush's time in office, the interpretation has only gotten worse. Actually, in very little time, deregulation went from a need to adjust regulations to make them fairer and more sensible to becoming an outright license to break the law and defraud people in various sectors of society.

There have always been lapses among corporation and there has been debate about how much or how little a corporation should do. There have also been corporations, all along, that cut corners in order to gain an advantage over other corporations. A general rule of thumb in business is that competent people can always make money as long as everybody plays by the same rules. Unfortunately, people who are not very honest or competent or both are generally the first to look for short cuts, including favors from politicians.

The reality is that both parties are susceptible to influence peddling. Unfortunately, Republicans have pretty much made deregulation, as well as other ethically challenged ideas, pillars of their political philosophy. In addition, if an ethically-challenged business executive makes enormous profits, many Republican politicians, are notoriously slow to recognize that there is a problem (e.g., Kenneth Lay and George W. Bush). The most telling sign is that when a rational and honest Republican prosecutor tries to uphold the law, that prosecutor may find himself without a political future in the Republican party.

One of the problems with today's business world is the number of ethically challenged people who are allowed to rise to the executive suite in the first place. In Bloomberg, William D. Cohan has an article that discusses a theory by Clive R. Boddy about Wall Street psychopaths:
Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of [people who] ... "lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.”

(snip)

He says [psychopaths] seem "to be unaffected" by the corporate collapses they cause. These psychopaths "present themselves as glibly unbothered by the chaos around them, unconcerned about those who have lost their jobs, savings and investments, and as lacking any regrets about what they have done. They cheerfully lie about their involvement in events, are very convincing in blaming others for what has happened..."

It worth recalling that John Dean has written a book called "Conservatives without Conscience." Dean was not talking specifically about psychopaths, and certainly not corporate psychopaths, who are basically a class of very smart criminals who are much more sophisticated than ordinary criminals without conscious (who in any case frequently end up in prison). But Dean was very much talking about people who are authoritarian by temperament. I would also add that people like Newt Gingrich and George W. Bush strike me as extraordinarily narcissistic and are clearly among the type of people Dean talks about. For both Bush and Gingrich, life is all about them.

But today's Republican party has other other problems as well. What is it about the Republican political class that they look the other way when a Republican politician obviously lies? And why is it that they refuse to set the record straight when others obviously lie about Barack Obama (birthers) or lie about John Kerry (swift boaters)? And why is it that the Republican political class failed to notice the obvious economic disaster we were heading for as Wall Street and the banks were allowed to engage in reckless behavior?




Here's the scholarly link to Boddy's paper.

And here's a link that provide a more accessible version to Boddy's paper.

Labels: , , ,

Wednesday, January 04, 2012

The Republican Establishment Is Weighing In

It looks like the Republican establishment—the bankers, the Wall Street people, the billionaires, multinaires and the privileged—are going to nail the nomination down for Romney. Or least try. These are the same guys who backed George W. Bush and supported all his policies. The guys who got us into the worst recession since the 1930s want to get back to business as usual: more jobs to China, even lower taxes for the rich, money for defense toys we don't need, and nickel and diming the middle class for those million dollar bonuses.

Already the money is beginning to pour. The establishment finds elections a little more expensive than lobbyists, but from their point of view, buying a few hundred million dollars worth of ads is still a bargain.

It almost doesn't matter which Republican gets nominated: they will all pretend that Barack Obama is the one we need to fight against. Here's a reality check: the more Obama tried to compromise, to stabilize the economy, and stabilize the country, the more Republicans revealed how right wing and out of touch they are becoming. We need pragmatists in Washington, not obstructionists, not extremists, and certainly not the type of people who got us into the mess in the first place.

Labels:

Thursday, December 29, 2011

Bizarre Comment By Mitt Romney

Some politicians are tone deaf. I came across an item in Talking Points Memo that Romney made a bizarre comment in Iowa today at a campaign event:
...Mitt Romney took on President Obama for saying the economy could be worse, saying: “When the president’s characterization of our economy was, ‘It could be worse,’ it reminded me of Marie Antoinette: ‘Let them eat cake’”...

Wow. Never mind the awkward phrasing. It was a weird thing for Romney to say, given that he owns the cake.

Labels:

Sunday, December 11, 2011

The Three Words That Define 2012: Jobs, Jobs, Jobs

At the end of the day, in most years, Americans are pragmatists. I say most years because it's not always certain that pragmatists win the day. For example, one definition of a pragmatist is that if something doesn't work, you try something else. A classic example in the last thirty years is trickle down economics, which argues that if you give more money to the rich, they'll create more jobs. Reagan tried trickle down economics in the 1980s. No matter what you think of Reagan, trickle down doesn't work. It never has. But, for some reason, Republicans keep trying it. They try trickle down economics this way, that way and every which way—and it still doesn't work.

Whoever becomes the Republican nominee is virtually guaranteed to try trickle down economics if elected. Cutting taxes and doing cute favors for the wealthiest Americans is more important to Republican politicians and lobbyists in Washington than creating jobs. That is a fact. One only has to look at their record. No doubt business as usual Republicans will put a good spin on it and tell a good story but it'll be trickle down economics. Trickle down sounds a lot better than what Republican economics really is: protecting the wealthiest Americans at all costs, regardless of how much it hurts our country, our democracy and millions of our fellow Americans.

Of course, there have always been four kinds of wealthy people: the kind who really know what they're doing (Jobs, Gates), the kind who inherit wealth (Paris Hilton as well as oil, lumber and tobacco heirs), the kind who are basically crooks in business suits surrounded by lawyers (Michael Milken and Bernie Madoff), or those who sort of stumble into it (Sarah Palin and any number of failed CEOs given golden parachutes of millions of dollars despite a dismal bottom line). Keep in mind that the first kind knows how to make money and doesn't need help creating wealth. And keep in mind that most wealthy people of the other three types usually don't help the economy much.

There's also a special fifth category that achieves wealth initially through the other routes mentioned but that guarantee wealth for themselves and their heirs through any number of devices that can only be defined as protecting privilege. They pay a lot of money to state legislatures and Congress to guarantee their wealth, and year after year the payoffs for their "investments" are lucrative. As just one example, one of the most lucrative scams during the Bush years was very low taxes on stock market, real estate and commodities speculations. Sorry, but speculation, to a large extent, is simply a legal way of skimming billions of dollars from tens of millions of Americans without actually producing healthy economic activity. (There is some need for prices to find their level but the massive gyrations of the markets have become a hindrance rather than a help to the economy. Count me in as one of those who think all such transaction should include a very modest tax).

Does anyone really doubt that Republicans are dominated by the 1%? Does anyone doubt that the 99% (which include tens of millions of ordinary Democrats, Republicans and independents) has legitimate reasons to be concerned about a power structure in this country that leaves so many people behind? Look, there are many responsible people among the 1%. We all know that. As some commentators point out, we're often talking about the .1% and generally those who abuse our economy to enrich themselves in ways that are unhealthy and unsustainable in the long term.

One of the things I personally have disliked over the last twenty years is the idea that many businesses seem to have that I am just a consumer, a human cow to be milked, bled and sometimes skewered. But I'm not a consumer. I'm an American. I'm sure millions of people feel the same way.

I know, I know, "consumer" is a word that sometimes has to be used in economics to explain how things work. I accept that on a certain level. But the politicians, aggressive sales people and the bottom line corporate takeover artists make a huge mistake of forgetting that consumers are Americans. People who lose their homes or jobs because of big biz financial shenanigans are usually decent people who have been treated as if they don't exist. Nothing is more disgusting to me than a corporation that buys a company with a good reputation and bleeds every dime out of that corporation and forgets the consumers, employees and the community and then, to add insult to injury, sells a product no longer worthy of the company's reputation. That is not the kind of capitalism that made America great.

Nick Hanauer is technically a member of the 1% and has written an article suggesting that taxes need to be raised to ensure that consumers, the real job creators, have money to spend:
Since 1980, the share of the nation’s income for fat cats like me in the top 0.1 percent has increased a shocking 400 percent, while the share for the bottom 50 percent of Americans has declined 33 percent.

(snip)

[But]...there can never be enough superrich Americans to power a great economy. The annual earnings of people like me are hundreds, if not thousands, of times greater than those of the average American, but we don’t buy hundreds or thousands of times more stuff. My family owns three cars, not 3,000. I buy a few pairs of pants and a few shirts a year, just like most American men.

(snip)

If the average American family still got the same share of income they earned in 1980, they would have an astounding $13,000 more in their pockets a year. It’s worth pausing to consider what our economy would be like today if middle-class consumers had that additional income to spend.

Raising taxes on wealthy Americans is only one step that needs to be taken. Much will have to happen to move our country in the right direction. Americans are unlikely to have that extra $13,000 any time soon. Mistakes have been made. Not enough has been spent on scientific research, one of the key activities that has always stimulated our economy. Not enough has been done to fix bridges, streets, hospitals and schools. Too many jobs have been sent overseas.

In the end, what Americans need are more jobs, not more budget cuts that do nothing more than cut jobs. For two years, Republicans have been complaining about the economy and for two years they have hardly lifted a finger to create jobs. Not in Washington. And not in state capital after state capital. Already, at the election approaches, Republican politicians, Republican pundits and even Republican think tanks are changing their rhetoric to tell Americans what they want to hear. But keep in mind that to date the only thing Republicans have done is cut jobs and ignore the poor and even the middle class. The recession started in early 2007. Where have the Republicans been? At least Democrats have been trying. They would have accomplished a great deal more if not for Republican obstructionists in Washington and in state capitals.

Nick Hanauer is a member of the 1% but not exactly in the sense that has been discussed in recent weeks. The 1% (or .01%) that everybody is talking about are people like Mitt Romney (who's comfortable making $10,000 bets) and Newt Gingrich (who pretends he's not a lobbyist). One was born into the 1% and is making it clearer day by day what his values really are. And the other became wealthy by shilling for the 1% for the last 30 years.

At the end of the day, we need to reelect President Obama and put more Democrats in Washington. But we also need two parties in this country. The Republicans in the GOP leadership need to become pragmatic again.

Labels: , , ,

Friday, December 02, 2011

Circus Atmosphere Among Top Republicans: Donald Trump to Host Presidential Debate

The Republicans running for president are so bad that a phrase left over from the George W. Bush era comes to mind: shock and awe. Hey, it's a circus with lots of stunts, much swinging back and forth in the polls, and an embarrassing number of splats.

I suppose it began with Sarah Palin who "earned" millions by never really declaring herself a candidate for the 2012 presidential election. When Palin quit halfway through her term as governor, anyone paying attention figured she was doing it for the money. Conservatives considered that observation cynical and shoveled piles of cash into her coffers. If Palin had been serious about a presidential run, she at least could have used some of that cash to remake her image. Karl Rove showed that was possible with George W. Bush.

The first attempt by Newt Gingrich to run for president last spring was a disaster simply because he tried to calibrate himself to the right of Romney and to the left of some of the right wing fruitcakes trying to grab onto the Tea Party movement. The irony is that Gingrich is a reactionary and has been trying to pull the Republican party to the far right for more than twenty years. Over the summer, he had to take a long vacation before coming back as Gingrich II.

One of the oddest candidates initially was Donald Trump. He tried to pump a lot of hot air into the silly birther craze that conservatives kept going out of a stubborn desire to create "reality" by huffing and puffing their fantasy into some sort of straw house that was ridiculously easy to blow down. So what was Trump doing? Had his political advisers told him that being ridiculous sells? Oh wait, time and time again in American politics, the ridiculous sells quite well. The problem for Donald Trump is that throughout his life he has frankly always sounded like a blowhard. More on him in a moment.

Rick Perry has crashed. It was so painful to watch that it's probably better to simply move on.

Michelle Bachmann has made so many gaffes that I keep thinking of the Cuban Missile Crisis 1962. She would have closed our embassy in Iran.

Herman Cain is a circus barker. He is also crashing in the polls. But at least
he's been entertaining. I've never seen a candidate find so many ways to twist in the wind because of his own comments. Trump and Cain have been the two circus barkers on the Republican campaign trail. They're both the equivalent of high-priced used car salesmen. Americans haven't seen too many salesmen types in presidential contests before. The first may have been George W. Bush. Bush's only claim to fame before becoming governor of Texas was that he was a president's son and that he had a knack of parting wealthy investors from their money for oil projects that never went anywhere.

But Gingrich is back—as Gingrich II. Or maybe it's Gingrich III, Gingrich IV.... One loses count. It's hard to say how far Gingrich will go. How do you predict the fortunes of such a person when Newt's claim to fame began on C-Span when he would hurl phony charges at Democrats in an empty chamber at one or two in the morning. It was a joke, a charade, a misuse of special orders, a desperate attempt for a mediocre politician to get attention. Using special orders to get something off your chest is fine. But attacking your House colleagues without telling them that you're attacking them is a sore point with a long history in Washington. But conservatives thought it was cute and Gingrich finally had a career as a politician known for his....what? Can anyone name something useful that Gingrich has done in the last thirty years?

Okay, there are still people left in the campaign and more debates. The debates, of course, have been bizarre. Paul Wolfowitz, architect of the war in Iraq and the person responsible for the image of Americans being welcomed with flowers, parades and cheers, was allowed to ask a question. This is a guy who was wrong on about one or two dozen predictions he made about Iraq. Two months after we arrived in Iraq everything that Paul Wolfowitz said about Iraq was essentially thrown out the window as useless. Wolfowitz was a cold war warrior who didn't know what to do with himself after the fall of the Soviet Union. So to stay in business and to stay cozy with conservatives, he essentially made up bullshit about places like Iraq. Some foreign policy. And a strange choice to be asking questions.

But the weirdness of the Republican run for the White House has not ended. It probably won't end until November 2012. At the end of December, for some unfathomable reason, Donald Trump has been asked to be the debate moderator. If anyone symbolizes the reckless avarice of the 1% (some say the .1%) that brought on the Great Recession, it's Donald Trump. Trump was born rich. He inherited his real estate company from his parents. I don't know how many times Donald Trump has come to the brink of bankruptcy but it appears he's never really has had to worry about losing his fortune. Why? Because the banks always bail him out. Not because he's competent, but because...well, that's just what they do. Long before President Bush had to bail out the banks, the banks for twenty years had been bailing out Trump. Donald Trump is a bona fide member of the privileged 1%. He's not a banker, but long before the banks expected to automatically be bailed out, Donald Trump was already leading the way. And he's asking the questions.

Labels: ,

Thursday, November 24, 2011

Gingrich Advocates Third World Status for the United States

Newt Gingrich lives in a strange universe. Unfortunately, it's the same universe other Republican politicians have been occupying lately, such as Bachmann, Perry and Palin. Before I go further, let's look at one of Gingrich's ideas that has been appearing in various places such as the Los Angeles Times:
"It is tragic what we do in the poorest neighborhoods in trapping children … in child laws which are truly stupid," Gingrich said. "OK, you say to someone, 'You shouldn't go to work before you're 14, 16 years of age.' Fine. You're totally poor. You're in a school that is failing with a teacher that is failing. I tried for years to have a very simple model. Most of these schools ought to get rid of the unionized janitors, have one master janitor and pay local students to take care of the school." Mr. Bumble from "Oliver Twist" could not have said it better.

What Gingrich fails to understand is that in many poor neighborhoods the janitor's job is one of the more decent jobs available. For more than forty years, corporations generally have been moving out of poor neighborhoods, not in. And millions of those jobs have simply been sent overseas. There have been exceptions in poor areas, usually organized by Democrats such as Bill Clinton, though a handful of Republican governors have managed to buck the right wing politics of their party and done a few useful things (don't include Rick Perry in that crowd—he's done nothing).

Actually, given that today's radical Republican politicians want to either end or cut social security, medicare, medicaid, student loans and various other programs, it's truly surprising they're doing as well as they are in the polls. At some point, it's going to dawn on a large majority of Americans that the vast majority of Republican ideas these days are about cutting jobs. There is nothing in any of their plans about creating jobs.

Newt Gingrich always has ideas that boomerang on Americans. He was certainly one of the people a few years back who supported the call by George W. Bush that social security should be privatized. Under privatization, people could set aside the money they put into social security and use the same money to invest in the stock market. It's one of those ideas that's great for people who are already rich, such as bankers and Wall Street stock brokers, but it's a lousy idea for everybody else.

If George W. Bush had gotten his way on the privatization of social security, tens of millions of Americans would have lost their shirts in the 2008 stock market debacle. The damage done by George W. Bush, as well as others with the same philosophy as Gingrich, can still be seen in the stock market. Quite literally, the blunders that occurred under Bush for eight years are still unfolding. Republicans have done nothing to help Obama deal with those blunders. Instead, they have obstructed him every step of the way. Republicans want to cut jobs, not create them.

If Gingrich became president and did what many Republicans really want to do, he would outright cut social security. Millions of seniors would suddenly not have enough income to be on their own. They would have to live the way old people did it in the 19th century: move in with their children. Of course, Gingrich is either ignorant of what's happening to America's middle class—not to mention the poor—or he doesn't care. For example, right now, thousands and thousands of middle class families in their fifties and even early sixties, are already hosting older children who either are having trouble getting jobs in the current economy or don't earn enough yet to live on their own.

These are not kids who are slackers. For the last 11 years, the total number of available jobs in the U.S. has been falling. The jobs simply aren't there. Republicans have worked hard for thirty years to game the system for the wealthy. One of the consequences is that Republicans have created conditions that could turn the United States into a third world country.

Here's a simple list of six things to keep in mind:

1. Republicans rarely create jobs. They see their job as protecting the rich, while throwing crumbs to various conservative groups to get enough votes at election time.

2. Democrats are job creators. Just look at Bill Clinton's record. Obama's hands have been somewhat tied by the large number of Republican governors cutting jobs and by 30 years of sending jobs to China. But Obama is also a job creator.

3. When it comes to cutting livable wages, the Republicans are the outright winner. The recent attacks on unions absolutely guarantees lower wages for everyone.

4. When it comes to benefits, who's the first to cut them? Republicans.

5. When it comes to banking costs and loans, who's the first to defend bankers instead of middle class Americans? Republicans.

6. When it comes to higher and higher health insurance costs, who resists reform the most? Republicans. When a fat cat insurance executive gets a $20 million bonus, who does he write most of his checks to? Republicans.

Do Americans really want crazy ideas from the 19th century brought back to life again? We'll find out in November 2012.

Labels: ,

Saturday, November 19, 2011

Republican Newt Gingrich: A Grand Poohbah of the 1%

He's back. Sometime presidential candidate Newt Gingrich has flown in from his vacation in Greece, Switzerland or Hawaii to assert himself in one of the weakest lineups of Republicans in years.

Newt Gingrich is a lobbyist who denies being a lobbyist and refuses to register as a lobbyist but is a lobbyist nevertheless. Although he receives money from various sources, including Freddie Mac, his real job is much broader. Gingrich believes in the right sort of 1%, the anything goes 1%, the movers and shakers 1% sucking the blood of American workers so they can buy one more estate or one more Lear jet or one more 80 foot yacht. He is a friend of Texas billionaires willing to do anything, and I mean anything, to make a buck, including taking down the American economy. Gingrich believes in a government for the rich and by the rich and will do and say anything for the party of people he serves and considers himself a member of. He is indeed a lobbyist, a bona fide lobbyist for the selfish 1% who are uninterested in democracy and uninterested in the problems of average Americans.

Personally, I think Newt Gingrich would be quite happy to be another Dick Cheney. Like the former vice president, he's discovered that it's actually easier and more fun to operate in the shadows. Would Gingrich deny himself the presidency if it were offered to him? Of course not. But in his heart of hearts he would be happier operating in the shadows.

Pay attention to what's being said in the article in The New York Times about Gingrich:
The payments were far more than had previously been known, or than Mr. Gingrich, the former House speaker, had acknowledged.

(snip)

Not only is Freddie Mac a longtime conservative whipping post, but the extent of his consultancy for the mortgage giant seemed to be at odds with his own statements about his work there. He has also blamed it for the collapse of the housing market, saying that at least one Democratic supporter should be jailed, and, in 2008, that President Obama should give back any money his campaign received from its executives.

The news of the full extent of his Freddie Mac contract put him on the defensive all day. And all of his corporate work, in energy, health care and other industries, is now sure to be scrutinized by the news media and his opponents.

I have no idea why Gingrich is climbing in the polls. He is a strange character. Here's a guy who received hundreds of thousands of dollars from Freddie Mac but he was one of those behind the mythology that Freddie Mac caused the economic meltdown. Freddie Mac like so many other financial institutions was not innocent but it was a follower of the debacle, not one of the leaders that caused it.

Let me repeat: Freddie Mac did not cause the meltdown. But keep this in mind: President Bush was in charge during those years when regulation was lax, including at Freddie Mac. And if Republicans like Gingrich were advising Freddie Mac, do these clowns really want to put the blame on Freddie Mac?

There is very little logic or rationality in the Republican Party these days. Guys like Karl Rove work with focus groups to find out what nonsensical narratives might work on potential Republican voters. But why don't Republicans use narratives connected to the real values of the 1% that control the Republican Party? The answer is that those values don't connect with voters. Americans don't want to destroy social security and medicare. They don't want to destroy the unions, though they sometimes have gripes with unions. They don't want to see jobs sent overseas. They don't want to see the bottom line dominate everything in our country for the sake of a little extra profit for the next quarter that goes into the pockets of an increasingly smaller number of Americans.

When business corporations first appeared in America, they were allowed to exist so long as they contributed to the public good. Probably most American corporations continue to serve the public good though most of these same corporations could do a better job. A lot of the breakdowns involve the financial sector, the health insurance sector, the Alice in Wonderland world of expensive and sometimes worthless defense contracts, and corporate sectors who profit from the right to pollute in our country and to pollute in a country overseas without paying cleanup costs. There are many exceptions in all areas. For example, investors who are predatory have found it much easier since the early 1980s to buy a legitimate company and basically raid its assets for their personal use. There are articles that have been written about the Los Angeles Times and the Los Angeles Dodgers and how their assets were stripped by their new owners. The same has happened to many other corporations.

Gingrich is an historian who knows these things. Or at least he ought to know. But he's infatuated with conservative economic ideas that no longer work and never did work, except for a very small number of Americans. He's a fossil. He's also an elitist in reality, if not by labeling in the media. When a self-important official threatens to shut down the government because he didn't like his seating on a presidential plane, that sounds like one of those self-important Dukes or Barons from the 18th century. We used to call such people Tories. We rebelled against them in 1776. We're a generous country. Guys like Gingrich, with nothing real to offer to a majority of Americans, ought to pull out of politics and enjoy his retirement.

Labels: