Tuesday, August 10, 2010

Take it away, Mr. Sullivan...

What we're seeing is, to my mind, ominous. It's increasingly clear that the debt hangover of the last decade, combined with the financial crisis and the full and growing impact of China and India on global labor markets may well mean a long, grim, endless employment recession. At the same time, we have an opposition party that believes in torture, pre-emptive war, Greater Israel, and the stigmatization of Muslim-Americans. We have a party that not only has no serious solutions to any of our current problems (what climate change?) but wants to ratchet up the war on Jihadist terror in such a way that will embolden the Islamists, give our enemies a fantastic p.r. gift, conflate all Muslims as potential terrorists and elect a half-term former governor on the basis of her proud ignorance. And then what? Over to you, Mr Netanyahu. A global religious war is on - and coming to your neighborhood soon.

If your alarm bells aren't ringing, they should be. And if you are not increasingly motivated to support the president who alone stands in the way of these ominous portents, then you will have no one to blame when these fear-mongering demagogues get back into power.

As the GOP descends into rank bigotry

Thursday, April 29, 2010

An interpretation of the Tea Party Movement

One I actually have sympathy for.

Wednesday, April 28, 2010

Haiti - the first country governed by non-profits...

...as opposed to countries governed by dictators and for-profit companies.

http://aidwatchers.com/2010/04/are-aid-donors-now-running-haiti/

Tuesday, April 27, 2010

Just burn down Wall Street already

The security, named Timberwolf I, a collateralized debt obligation of other collateralized debt obligations that were based not on actual home mortgage bonds but instead on those bonds' movements, was referenced in a June 22, 2007, email from a Goldman senior executive, Tom Montag, to another, Dan Sparks. Sparks is testifying today before Levin's panel.

http://www.huffingtonpost.com/2010/04/27/goldman-sachs-hearings-li_n_553318.html#s85332

Thursday, April 22, 2010

Pretty much sums up the financial situation.

"The combination of state insurance (which protects creditors) with limited liability (which protects shareholders) creates a financial doomsday machine... A large part of the activity of the financial sector seems to be a machine to transfer income and wealth from outsiders to insiders, while increasing the fragility of the economy as a whole," - Martin Wolf.

Tuesday, March 23, 2010

Time to start raining on the parade.

Here's what the health insurance bill DOESN'T do. Sounds like sour grapes to me:

http://www.scribd.com/doc/28632876/Fire-Dog-Lake-Health-Care-Bill-Myths

Monday, March 22, 2010

Health Insurance is a big deal.

Highlights from the web:

"I’ve been saying for many months that if healthcare reform passes, I believe that Obama, for all of his myriad flaws, will be the best President of my lifetime and one of the ten best in the nation’s history." - Ari Kelman

I have been trying to explain to my youngest why this is such an exciting moment: front line soldiers in Afghanistan and Iraq take personal risks, put their lives on the line. But so few politicians put their careers on the line, even though they make decisions that have an impact on soldiers. President Obama (and to some degree every Democrat who supports this bill) is putting his political career on the line. The idea that you might do what you think is right and pay a penalty has been so foreign to politics that it surprises us when we see it. I think my son is surprised to hear all this. He assumes at 12 years of age that people, especially people we elect, go to Washington to do the right thing. - Abraham Verghese

And MY favorite:

If Republicans succeed – if they govern successfully in office and negotiate attractive compromises out of office – Rush’s listeners get less angry. And if they are less angry, they listen to the radio less, and hear fewer ads for Sleepnumber beds.

So today’s defeat for free-market economics and Republican values is a huge win for the conservative entertainment industry. Their listeners and viewers will now be even more enraged, even more frustrated, even more disappointed in everybody except the responsibility-free talkers on television and radio. For them, it’s mission accomplished. For the cause they purport to represent, it’s Waterloo all right: ours. -Frum

And Sullivan:


Watching the various whip counts going back and forth reminded me of the agonising, delegate-counting path to primary victory that Obama took. It works your last nerve. It’s like England in extra time at the World Cup.

Imagine the narrative shift if this bill is passed. Obama will not have imposed this monstrosity on the country from on high; he will have ground it through the bloggers, and the pundits will declare a resurrection. The narrative will be about his persistence and his grit, rather than his near-divinity and his authority. And suddenly it will appear — lo! — as if this lone figure has not just rescued the US economy from the abyss, but also passed the biggest piece of social legislation in decades.

There is only one story better than Icarus falling to earth; and it’s Icarus getting back up and putting on some shades.

The media will fall for it. The public will merely notice that the guy can come back and fight. Even when they don’t always agree with such a figure on the issues, they can admire him.

Again, the real parallel is Ronald Reagan.


People forget how unpopular Reagan was at the same point in his presidency — and passing a big tax cut was legislatively a lot easier than reforming a health sector the size of the British economy. But like Obama he persisted and, with luck and learning, aimed very high.

Obama has bet that this is his destiny. He is extremely cautious from day to day, staggeringly flexible on tactics, but not at all modest when you look at the big picture.

He still wants to rebuild the American economy from the ground up, re-regulate Wall Street, withdraw from Iraq, win in Afghanistan, get universal health insurance and achieve a two-state solution in Israel/Palestine in his first term. That’s all. And although you can see many small failures on the way, and agonising slowness as well, you can also see he hasn’t dropped his determination to achieve it all.