Archive for the ‘Republicans’ Category
OK, so you probably think that at least if you’re a dedicated cheerleader they won’t throw you under the bus even if you’re not their first priority. But you’re being naive.
Regardless of who wins the presidential election in November or what compromises Congress strikes in the lame-duck session to keep the economy from automatic tax increases and spending cuts, 160 million American wage earners will probably see their tax bills jump after Jan. 1.
That is when the temporary payroll tax holiday ends. Its expiration means less income in families’ pocketbooks — the tax increase would be about $95 billion in 2013 alone — at a time when the economy is little better than it was when the White House reached a deal on the tax break last year.
You don’t matter. The “deficit” they created matters. It’s your job to pay it off. This was never a priority, it was just a temporary gimme for show.
Independent analysts say that the expiration of the tax cut could shave as much as a percentage point off economic output in 2013, and cost the economy as many as one million jobs. That is because the typical American family had $1,000 in additional income from the lower tax.
But there is still little desire to make an extension part of the negotiations that are under way to avert the huge tax increases and across-the-board spending cuts, known as the fiscal cliff, that will start in January without a deal.
Nope. Nobody on either side gives a shit.
Many Republicans vehemently opposed its passage last year, as it would divert money from the Social Security program. Many Democrats fervently supported it last year but show no such enthusiasm now. Nancy Pelosi of California, the top House Democrat, has told reporters she thinks it should expire.
So don’t ever get your hopes up. No matter what happens, you’re never gonna be on anybody’s gift list.
One of the most challenging aspects of adjusting to the NAO’s is the fact that so many of them are, well, stupid. Todd Akin’s absurd belief that women have some sort of magical control over their bodies if only they’d decide to use it is just the tip of a very large, annoying, and dangerous iceberg. The Times’ Timothy Egan gives a chapter and verse or two that barely scratch the surface but make the point quite clearly: many of the most powerful people in the country, all of them major puppets of the oligarchs, have demonstrated again and again that they have great faith but zero actual knowledge. Read the rest of this entry »
Shorter David Brooks:
I used to have a magic green jacket that turned me into a Democrat but then they got too Democraticky with all those taxes on rich people so I took off the jacket and now I’m not but I like to pretend I am and I’m worried that after all their good work being loyal Bushistas, they’re threatening to turn into Democrats again and that makes me sad.
‘Shorter’ concept created by Daniel Davies and perfected by Elton Beard. We are aware of all Internet traditions.™
At C&L, Heather takes Bill Kristol to task for his ham-handed defense of Rand Paul’s dopey Civil Rights speech. First, Kristol:
He has a sort of sophisticated, complicated libertarian view of the Civil Rights Act. One of the ten provisions of the act applies to private businesses….but…there is something attractive about him. I mean, he’s plainspoken and seems like an honest and good-natured guy.
Heather is unimpressed.
Sorry Bill, but quite the opposite is true. His simplistic, purist views which have no basis in facts when it comes to their real world application are anything but “sophisticated and complicated”. He probably just reminds him a little too much of his girlfriend Palin, so of course he loves him.
But Heather, he’s right, you know. For a libertarian – or an alluvial deposit or the ficus in your foyer – Rand is complicated and sophisticated. For Kristol, too. Libertarians don’t get much more sophisticated than Rand Paul. Neither does that ficus.
As house plants go, Rand is a genius.
Republican senators have agreed to stop filibustering debate on financial-regulatory reform legislation. After successfully blocking the bill for the third time in three days Wednesday, Republicans appeared ready to go another round. But when Majority Leader Harry Reid threatened to throw a Senate sleepover by calling votes all night, the GOP backed down.
Practically everybody. And we did.
Remember when we were begging Harry to force the GOP to defend its insane, incoherent policies physically? On live teevee in front of the whole country? We said that all those fake filibusters would either a) collapse or b) make the voters realize just what shitheads the GOoPers are.
Harry said No. Remember? He woulodn’t do it. It wouldn’t work.
Guess who was right and who was wrong. Again.
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There was always some question about whether there was anything that explained the long, pointless, childish GOP refusal to allow Sen Al Franken to be seated until every last legal option had been worn to a frazzle and the Minnesota electorate with it beyond the inherent stubbornness of bad losers to admit they lost. Well, maybe. Look at the first thing Franken did: submit a bill to embarrass a favorite Republican contributor/contractor and Cheney’s ex-corpo (yeah, right), Halliburton, by refusing to let them walk away scot-free from the Jamie Leigh Jones kidnapping and rape charges. The WaPo’s Katherine Parker is apparently having a problem understanding why they fell so easily into Franken’s trap. It’s a good question but the answer is ludicrously simple. Read the rest of this entry »
If the Republicans Are Committing Political Suicide and the Democrats Are Copying Everything They Do, That Means….
By any measure, the Pubs are in deep shit. Digby thinks it’s “mystifying”.
There’s a lot about the new Republican Party that’s mystifying. “Disarray” doesn’t even begin to describe it. I suppose it’s a lot like it was back in 1964, although I think even then you could see the outlines of a comeback — which they did, four short years later with the election of Nixon, the sainted Kennedy’s bete noir.
But this time, it’s really hard to see how they can ever build a sustainable majority when they are doing things like [voting overwhelmingly against confirming Sonia Sotomayor].
Um, they can’t, not really. About all they can do is insist as loudly as possible that the Dems are in trouble and pretend the GOP is therefore in the process of making a comeback even if they’re, you know, so NOT. Earlier this week Roy Edroso caught AEI’s Joel Kotkin making it up as he went along. Read the rest of this entry »
Rollicking, rampant, blind-as-a-bat optimism, anyway.
Look. Sometime around the Industrial Revolution business discovered the power of optimism and began to exploit it. From the bleariest, drunkest, shotgun-in-the-pickup-truck redneck Southern white trash to the snobbiest, most coked-up, Armani-only Upper East Side corporate-raider/investment banker dildo, Americans one and all believe in being optimistic.
- We voted for Nixon because he promised “Peace with Honor” even though we knew he was a man who wouldn’t know the sting of honor from the slap of a wet turd. We elected him not once but twice knowing full well – or at least with no excuse for NOT knowing full well – that he was a paranoid, belligerent, lying jackass and always had been.
- We voted for Ronnie Rayguns because he told us a fantasy about shining cities on hills and how it was “morning in America” because it suggested we had everything to look forward to and no history behind us that we needed to worry about. We elected him not once but twice despite knowing full well that he was incompetent, extremely ill-informed (trees pollute??!), and not so much a president as an actor playing one on tv.
- We voted for George W Bush because he was charming and upbeat and told us we could be millionaires if only he was in charge, a guy we’d like to have a beer with who was incidentally passing out slices of pie from the sky. We elected him not once but twice knowing full well – or with little excuse for not knowing full well – that he was a liar, a failure, a coward, and an arrogant pissant who thought God had elected him instead of us.
Behind all these incredibly bad decisions lay a miasma of denial and optimism, the first required by the second since optimism in the face of a blatantly negative reality is impossible without a fervent denial of what’s right before your eyes.
But to say all that is only to begin to enumerate the folly of unjustified optimism. For example, there’s the global economic crisis created by a handful of Wall Street manipulators and Main Street frauds. This -
The bank’s [Goldman Sachs] unprecedented reach and power have enabled it to turn all of America into a giant pumpanddump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumercredit rates, halfeaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you’re losing, it’s going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it’s going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.
They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They’ve been pulling this same stunt over and over since the 1920s — and now they’re preparing to do it again, creating what may be the biggest and most audacious bubble yet.
- would not have been possible were it not for an America drowning in optimism, the belief that better days are right around the corner. Who but a zealot optimist could have possibly believed so fervently in the Reagan Paradox that the less the govt collected in taxes, the more it would collect in taxes?
Optimism is the weapon that Goldman and the other Wall Street manipulators use to make a strapped America overplay its already overstretched finances. “Better days are coming. We can take on all this extra debt because when the economy turns up we’ll be making more money, enough to cover this new house.” They had us convinced.
But the economy did get better and our wages still didn’t rise. We weren’t making more money. In many cases we were actually making less because the fear of inflation that infects the rich like typhoid and the power of a fascist-style govt kowtowing to the rich and incipient corporate panic meant that inflationary fears trumped every other concern. And if we fought for higher wages, the rich moved their companies to low-wage low tax countries, dodged the taxes involved, and our jobs were gone. Forever. The optimism they fed us was gibberish, a lie, a con.
To an extent, the entire economic meltdown could only have taken place in a country so besotted with optimism that it could deny the chasm under its feet even as it was tumbling down the slope to the rocks below. The bubble was built on optimism – not at the top where they knew better – but throughout the rest of the body right down to the very bottom. We would never have tied ourselves into financial knots if we hadn’t persisted in being optimistic about the future, and if we hadn’t tied ourselves into financial knots with debt on top of debt, there would have been no imaginary profits to feed the bubble Goldman and others were blowing up.
And still we learn nothing. Taibbi points out in his Goldman take-down that they’re ginning up to do it all again, and we’re going to let them because we’re…what? You got it. Optimistic. Dig:
[I]nstead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion dollar market that barely even exists yet, but will if the Democratic Party that [Goldman Sachs] gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an “environmental plan,” called cap-and-trade.
The new carboncredit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.
Here’s how it works: If the bill passes, there will be limits for coal plants, utilities, natural-gas distributors and numerous other industries on the amount of carbon emissions (a.k.a. greenhouse gases) they can produce per year. If the companies go over their allotment, they will be able to buy “allocations” or credits from other companies that have managed to produce fewer emissions. President Obama conservatively estimates that about $646 billion worth of carbon credits will be auctioned in the first seven years; one of his top economic aides speculates that the real number might be twice or even three times that amount.
The feature of this plan that has special appeal to speculators is that the “cap” on carbon will be continually lowered by the government, which means that carbon credits will become more and more scarce with each passing year. Which means that this is a brand new commodities market where the main commodity to be traded is guaranteed to rise in price over time. The volume of this new market will be upwards of a trillion dollars annually; for comparison’s sake, the annual combined revenues of all electricity suppliers in the U.S. total $320 billion.
Wall Street makes its money on suckers like us by selling us optimistic fairy tales. Got a pollution problem? We can fix it and you can get rich at the same time. This is America. We can do anything!
Optimism is largely responsible for our being so deep in denial that we could consistently vote against our own best interests and even help destroy our own country and yet insist we did no such thing.
Fuck optimism. Give me a little healthy skepticism any day. If you’re staring at pie-in-the-sky instead of the ground under your feet, it’s a lot easier to walk off a cliff.
Yet instead of finally letting go of our childish and dangerous dependency on Happy Endings, we build entire sociological and psychological structures defending Optimism as “necessary for survival“.
We humans tend to be an optimistic bunch. In fact, it’s long been established by psychologists that most people tend to be irrationally positive. The optimism bias, as it’s called, accounts for the fact that we expect to live longer and be more successful than the average and we tend to underestimate the likelihood of getting a serious disease or a divorce. This tendency is adaptive—many researchers have claimed that a positive outlook motivates us to plan for our future and may even have an effect on our long-term physical health.
Optimism may be so necessary to our survival that it’s hardwired in our brains. A new study published in the journal Nature further confirms the idea that having a rosy outlook is a personality trait with deep, neurological roots. Researchers found that the brains of optimistic people actually light up differently on a scan than those who tend to be more pessimistic when they think about future events.
The disparity between positive and pessimistic minds is especially prominent in areas of the brain that have been linked to depression. “The same areas that malfunction in depression are very active when people think about positive events,” says Tali Sharot, a post-doctorate fellow at University College London, who conducted the research at New York University.
And in skeptical France, say, their brains are hardwired to be pessimistic? Crap.
Only in America is optimism made into a religion that supercedes everything but death and where we protect our divine right to remain children with guns. Hope has become an American fetish. America without optimism would be Europe. Ugh. Oscar Wilde said that the basis of all optimism is sheer terror. If that’s true, and it probably is, it makes us the most frightened country on Earth. Not good for an Imperial Superpower. It’s one thing to indulge your urge to defy growing up when all you can fuck up is yourself. It’s another to shove it down the throats of the rest of the world when you have the power to fuck up everything. At some point you need to become a responsible adult who considers reality instead of wetdreams to figure out policy.
What we are fighting now is a century-old training program. We have all been taught to believe and worse, act as if we have every right to ignore uncomfortable facts because, hey, somebody will figure it out and relieve us of the responsibility of fixing any of it. The Best Is Yet to Come! We’re No 1! Don’t Worry, Be Happy! Shop Til You Drop!
Enough already. Unjustified optimism has brought us to the brink of economic destruction. It’s time to put away childish things, y’all, and eat our damn green beans.
OK, so you can’t generalize too much nationally from the fucked up politics of NY state but otoh this is such a shining example of the state of the Democratic party that it’s howling for attention. Two NY Blue Dog Dems just voted with their GOP colleagues to turn the leadership of the Democrat-controlled Senate over to the Pubs. To quote Rosalind Russell, “Ain’t it perfect?”
Republicans regained control of the New York State Senate on Monday afternoon, winning support from two dissident Democrats in a surprise power-sharing deal. The sudden coup effectively ended Democratic control of Albany after five months and allowed Dean G. Skelos of Long Island to reclaim the title of majority leader, replacing Malcolm A. Smith of Queens.
The raucous leadership fight erupted on the floor of the Senate around 3 p.m., with two Democrats, Mr. Espada and Hiram Monserrate of Queens, joining the 30 Senate Republicans in a series of parliamentary maneuvers. Democrats tried to stall, storming from the chamber and even turning off the lights, but Republicans continued the session and elected new leadership.
Both Mr. Espada and Mr. Monserrate said they still considered themselves Democrats.
“Why?” is the question. Not “Why did they do it?” That question is easily answered, at least in the case of Mr Espada.
The shakeup also left Pedro Espada Jr., a Bronx Democrat, as president of the Senate….
Tom Golisano, the Rochester billionaire who recently announced he was moving to Florida because of New York’s high taxes, played a major role in brokering the deal.
Nothing like a little bribery to liven up your day. Or some pressure from a pissed off billionaire who thinks his taxes are too high. Never mind that he thinks the fact that he has to pay any taxes at all is a shame and a disgrace because he’s so special.
As for example (Gary Varvel, the Indianapolis Star):
Actually, considering the way their ideas work out maybe it’s better they don’t have any.
In this case, I hate to say I told you so but I did and I’m not the only one. Rob at Fact-esque points to an FDL post that harkens back to a GAO report that laid it all out 14 years ago when the derivatives market was invented. Under Clinton. Who also had little interest in regulating the financial sector that provided him mucho campaign dinero. Despite the heavyweights who are denying all knowledge that anything was amiss.
Alan Greenspan was forced to admit he had “put too much faith” in the power of an unrestricted market, which is a bit like a Japanese filmmaker saying he put too much faith in Godzilla. “Too Much” belief in a cartoon of the real world is not exactly a forgivable, legitimate reason for allowing the planetary economy to self-destruct because, after all, your rich friends got a whole lot richer for a while there for as long as they could maintain the myth. “Sorry, I didn’t realize stomping on your head with hobnail boots was going to crunch your skull” a) doesn’t do me much good when I’m dead and b) isn’t credible since everyone who has ever seen a boot or a skull and isn’t a MORON would be able to tell what would be likely to happen when they met.
As I noted elsewhere, the Bush/Reagan Supreme Court turned down Troy Davis’ appeal for a new trial and did so without comment, as if they didn’t need to explain why they’re allowing an execution to go forward in a case where the evidence was so insubstantial as to be non-existant and 4/5 of the witnesses recanted, claiming they’d been pressured by police and coached by prosecutors eager for a conviction.
The State of Georgia is owed very little respect for the way this has been handled. Along with its other shameful acts – trying to bar the teaching of evolution in public school science classes, or allowing the GOP to steal both Senate seats as well as the governorship with doctored e-voting machines, slime campaigns, and vote caging, for examples – it is prepared to execute an almost certainly innocent man on skimpier evidence than would be required to make you pay a traffic fine.
The GOP has gone way too far, and killing a man to keep from embarrassing the cops who were played for suckers by Red Coles and the prosecutor who may have intimidated witnesses to get a conviction is a good place to get them to stop. We’ve had enough of this revenge crap, we’ve had enough of innocent people dying so the Pubs can claim they’re fighting crime – a bad, sick joke considering how many of them have been caught breaking the law, right up to the president.
I’ve been saying for a while that it’s time to fight back but it was TMiss who came up with a way to do it. Let Sonny Perdue and Coke know we’ll start a boycott of Coca Cola if Davis dies.