• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Monster from the Id on Lions, George Bush and Li…
    Sweet Sue on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    bellecat on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    churl on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama big pharma Bill Clinton Chris Christie cocktails Conflucians Say Dailykos debate Democratic Party Democrats Digby DNC Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean Joe Biden John Edwards John McCain Jon Corzine Karl Rove Keith Olbermann Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare occupy wall street OccupyWallStreet Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    July 2014
    S M T W T F S
    « Jun    
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • The Beginning of an End of the Trans-Atlantic Alliance
      Ian described the proposed EU sanctions on Russia as “not shabby”, but while they are somewhat more serious sanctions than heretofore it’s only somewhat. The most serious ones are the ones on Russia’s financial institutions. Yes it’ll raise costs but will hurt London and Frankfurt including reputationally. It will also have the effect of encouraging [...] […]
  • Top Posts

Insulting the Wimmin Brains on Hillary vs Obama

Obama backers promise to bring back the Christmas Tree in 2016

Obama backers promise to bring back the Christmas Tree in 2016

I have the day off so I’m going to the Three Rivers Arts Festival and you can’t stop me.  Will take pictures.

Yesterday, I saw that Digby had a brief flash of insight into the mind of a post-PUMA Hillary supporter.  Referring to Noam Scheiber’s incredibly insulting proposal that Hillary Clinton was stupid enough to believe that the Democrats and the undemocratic Obama patrons of 2008 would let her run in 2016, Digby writes:

I’ve come to think of this in a slightly different way. I think this was decided back in Denver in 2008. The primary campaign was a near tie with Clinton continuing to win races all the way up to the end. (In any previous presidential campaign there would have definitely been a convention challenge to such a tight outcome.) It featured two important “firsts” with an African American and a woman competing for the same prize. It was very emotional. The political arguments among the two camps were fierce but they were both coming from the same center-left policywing of the party, which means there was an agreement, somewhat by default, that this agenda was the preferred agenda of the voters. Both sides fought tooth and nail for the same policies.

In essence, the result of that 2008 near tie vote was that Obama got to go first with the understanding that Clinton would automatically get the nomination 8 years later. What this means is that (barring unforeseen circumstances)there will have been no left wing challenge in presidential races for 16 years and I think that suits the Party and its rich donors just fine. They hate primaries. And since they will have had 16 uninterrupted years of preferred policy, even as the voters get to feel the inspiration of the two historic firsts, why would anyone rock the boat?

Progressives might have been able to leverage that fierce competition in 2008 but they got caught up in the emotion just like everyone else so there wasn’t any real ideological challenge. Unfortunately, it probably ended up being the last primary in which they could have had a voice for a very long time. Too bad.

Savor that for a moment.  Just an instant and no more.  What Digby is saying is what all of us Clintonistas have known for 6 years: the primary was a virtual dead heat and at any other convention, there would have been a floor fight.  But *someone(s)* didn’t want a real primary.  Those someones found it more expedient to ram Obama down our throats whether or not the country wanted it or not and they were willing to rig the nomination to get it.  I suspect those someones were the same people who looked a bit further into the future and didn’t want any cramdowns on securitized mortgages or policies that would force the medical/insurance business to negotiate on costs.

Ok, the moment has passed.  Digby will never admit to being one of us because she is a chickenshit. This is as close as we’ll ever get to the notion that Digby and the rest of them were perfectly aware of what was going on with the primary.  They’re no different than we are except they said nothing.  I think there is a Edmund Burke quote about that.  Come to think of it, how do we know that Digby isn’t just messing with our heads?  Maybe the slight acknowledgement that the Clintonistas were right is meant to soften us up to whatever happens in 2014-2016?  I don’t trust anyone who didn’t pipe up in 2008 or 2012.

But I do not think that anyone offered Hillary a deal.  Ok, maybe someone in the Obama campaign floated it at one time but Hillary is not stupid.  I’ll go to the grave believing that it was Hillary who asked for State before someone locked her into a political grave as VP.  (Biden who??)  If my hypothesis is correct, she was smart enough to know that she didn’t want to become permanently associated with Obama’s domestic policies on the financial crisis and health care.  That would mean she was shrewd and also not totally onboard with what she saw coming.

No, the reason why Hillary’s name has been floated for the last 6 years as Obama’s successor is because that’s what Obama’s backers want everyone to focus on. (You read it here first, folks.) The push to defer everyone’s gratification is not for Hillary’s sake.  It’s so that we will placidly go along with every banker and medical/insurer friendly policy they cook up.  We are lead to think that when Hillary is in office, it will all be ok.  It’s merely a formality.  We had to let the African American go before the woman, that’s all, as if we were all so shallow and simple-minded and easily lead to believe that being the first something is more important than being good at your job. (Insert picture of the Grinch lying to Cindi-Lou Who who is no more than two) Just wait until 2016 and there will be another historic victory for the Democrats, as if competence and good policies have no place in this strategy.  We will finally get the Democrat we wanted in the first place in 2008, instead of the guy who is in the White House now who ramped up the exploitation of everyone not making a living off their investments.

And if my “Promote Deferred Gratification- Pull the Rug Out From Under Everyone Who Waited for 2016 Strategy” (Let’s call it the Cindi Lou Who Strategy for short) is correct, then maybe Obama and Clinton were not as close in policy as everyone was initially lead to believe, right?  Because if they were as identical as the Obama contingent says they were, it wouldn’t have mattered which one was nominated in 2008.  But we know intuitively that this isn’t true because rigging the nomination in Obama’s favor in 2008 was maniacally important to someone(s).  We saw it happen.  And those people knew what was coming in 2008 (read Michael Lewis’s book, The Big Short) which suggests that it wasn’t a matter of electability.  Anyone who lived through September 2008 was going to prefer the Democrat to the Republican and, Clinton, had she been nominated, would have won in a landslide.  She would have been the most visible reminder of the last prosperous economic times  and good government that we had.  Given the series of events in 2008, one might almost be tempted to believe that the nomination of Obama was to ensure that a real Democrat would *not* become president.  So, who’s zooming who?

I have no illusions as to whether these Obama backers want Hillary to run in 2016.  If they feel that their new policies are concretized and their ability to harvest money from us has no chance of being deterred, they probably won’t care who gets into the White House.  It won’t matter if it’s a Democrat, Republican or The Rent Is Too Damn High candidate.

This is Hillary Clinton’s reality and the reality by which the left should judge her fitness to run in 2016.  If she is just going to be a placeholder, why vote for her?  On the other hand, if she is going to represent real change, isn’t it likely that the Obama backers are going to try to bring her down again?  If she’s silenced her critical voice for 6 years in the hopes that she’ll get the nod to run again, she hasn’t done us any favors.  A politician who cares about the fate of the middle class and the loss of policies that made us a great nation shouldn’t have gone along with the campaign to defer our gratification for her run 8 long suffering and destructive years down the line.  Or maybe she’s going to be a stealth candidate, in which case, no one should or would trust her.  The powers that be can’t take that risk and how would the rest of us know  for sure what she was up to?

So, there you go, folks.  I have no idea what’s in her head and no one else does either, except Bill, I suspect.  But the one thing I don’t want in 2016 is to have to vote for a person who said and did nothing to rock the boat for 8 years because she was promised another shot at the nomination.

I am not a stupid woman.

**********************************

One final thing: Obama didn’t run against McCain in 2008.  His campaign had him running against Sarah Palin, a pretty low bar, when you think about it, considering that his campaign had already softened up the media and American public to accept playing to overt sexism a part of Obama’s rite of passage.

Just something to chew on.  Carry on.

What the bankers are doing to Detroit is criminal

Go read No Banker Left Behind at the NYTimes.  Let us recap, shall we?

The bankers, who had all of their bonuses protected and bailed out with our federal tax dollars when they blew up the world because people like Larry Summers argued that it was unfair to violate their compensation contracts, are bearing down on Detroit to pay outrageous sums of money on ill-advised derivatives transactions that will result in innocent Detroit municipal employees forfeiting up to 90% of their pensions.

I blame Obama.  Yes, I do.  If he had come into office committed to holding responsible the people who lied, conned and irresponsibly gambled away our money, we might well be on the road to real recovery right now.  Instead, he had people like Larry Summers and Tim Geithner advising him to go easy on the bankers because shoring up the banks was THE most important thing.

Screw everyone else.

What I really regret is that so many former Democrats went off in a rabid frenzy over some stupid birth certificate issue instead of focussing on the real offenses of this White House.  So much time and energy wasted over citizenship red herrings and vacations.  I’m not sure which is worse.  Stupid conservative leaning Democrats or banker lackeys in the Oval Office.

Whichever it is, Detroit’s employees shouldn’t have their lives ruined over it and I have yet to see Obama step up and prevent this unfolding tragedy from taking place.  Which only means one thing to the rest of us: if our own pension plans go belly up because of some stupid merger or incompetent pension fund manager or predatory bankers, we’re all equally screwed.  No one is going to step up and protect your deferred compensation for all your years of work.

The White House is just going to let the bankers drink your milk shake.

Obama to homeowners: I didn’t say it was your fault, I said we’re going to blame you

Well, actually, he is sort of saying that homeowners were at fault for the housing crisis.  Yes, yes, MOST of us were just responsible, law-abiding citizens, living within our means, paying mortgages on our modest little townhouses as we worked at jobs we loved.  Then the bankers saw an opportunity to lend money to millions of suckers, driving the cost of housing up.  Then they securitized those loans, sliced them up into pieces, sold them to unsuspecting pension and mutual funds and created a whole new financial instrument to insure speculators against risk.

When the bubble burst and people lost their jobs and the economy was taken to the brink of Armageddon because of all of the bankers’ wild speculations, the last people on earth who were asked to take a haircut were the bankers who refused to take any losses on the mortgages they expected to make money on in perpetuity.  It didn’t matter if those same homeowners no longer had jobs or were making less money.  No, they were not going to take a penny less than they expected.  So the government bailed them out and did nothing to help people stay in their homes.  We didn’t adjust mortgage rates or write down principal or stop anyone from being thrown into the street.  Because early on, THIS administration decided to bail out the bankers over everyone else.

And now, future homeowners will also suffer.  This administration has decided to get out of the housing business and let the private sector take over.  The cost of owning a house is expected to go up.

I love this piece of the article:

Previous generations of politicians created Fannie and Freddie as a means of providing those benefits while pretending the costs did not exist. The companies were declared to be private during the fat years, and their shareholders profited handsomely, even as everyone understood that the government would stand behind the companies during the lean years.

That strategy has probably been exhausted, as Washington appears to have lost its appetite for implicit guarantees.

That leaves an unpalatable choice between making the cost of the system an explicit government obligation, or making it harder for Americans to buy homes. Any reduction in government support for the mortgage market is likely to increase the cost of home borrowing.

Plans to revive private sources of financing for mortgage loans also need to be harmonized with the government’s countervailing efforts to reduce risk-taking by financial institutions. Some analysts are worried that new rules and regulations will limit the ability or willingness of the market to finance mortgage loans.

Alex J. Pollock, a fellow at the American Enterprise Institute, said he was confident that lenders would learn to operate within the rules — or learn to go around them — but he added that the effort required to do so would be billed to the borrowers.

“Enterprising companies are very able to figure out how to deal with these regulations, but that’s not free,” he said. “The loans will cost more.”

Well, at least I can say that I didn’t vote for him.  Twice.

More what’s wrong with these people, er, picture?

Screen Shot 2013-07-21 at 8.36.40 AM

So, to recap:

Leakers and whistleblowers who tell us what’s really going on in our opaque neoauthoritarian government get the full force of the law thrown at them, their lives, fortunes and futures ruined.  See, the Obama administration is doing us a favor by catching up on all the cases that were unprosecuted.

BANKERS, who have acted like relapsed gamblers anonymous attendees on a weekend binge, and who ruin the lives, fortunes and futures of billions of people across the world through their reckless, irresponsible, greedy, cheating behavior get a tap on the wrist and the equivalent of a speeding ticket in fines.

Priorities, you know.

This is what the so-called “liberal base” voted for because, well, he could have been Trayvon Martin* and apparently no other disadvantaged group in the country has ever had people telling them they couldn’t do something, especially not women, who never have anyone tell them they can’t do anything.  Except in Texas, Virginia, Ohio, the Dakotas, and pretty much everywhere in the country where it’s Ok to treat women like second class citizens and brains where jobs, money, authority and promotions are concerned.  Otherwise, you know, we could be president.  Or not, depending on whether there is a disadvantaged group represented by a male who gets there first.  Because, you know, females have it easy compared to guys.

{{rolling eyes}}

Wake me when this ridiculous fiasco of a presidency is over. Or when the Obots grow a clue.  Whichever comes first.

*Disclaimer: For the record, I am shocked and dismayed by the jury verdict for George Zimmerman. Trayvon Martin was racially profiled by Zimmerman and pre-emptively taken out before he had a chance to grow up.  That was outrageous and shameful. I blame the state of Florida for creating the law that allowed the guy to get away with murder.  But the Republicans have successfully made this country and its laws into an affirmative action program for white guys and I see absolutely no evidence that Obama has done anything in his past or recent present to change that.  A speech, which turns out to be nothing more than mental masturbation, doesn’t cut it, IMHO.  To spell it out for the Obots, Obama uses race as a distraction for his base.  He identifies with the victim and you guys forget that he’s really just a corporate ladder climbing guy who is not doing anything you want him to do as far as the war, economy, finance sector, improving the lives of the poor and disenfranchised  or anything else you find important.  He dogwhistles race, you forget about Afghanistan and unemployment.  Just because Republicans criticize Obama for his reaction to Trayvon Martin doesn’t mean they’re wrong in pointing out his hypocrisy.  They’re just focusing on different issues and their own f^&*ed up agenda.  In this case, the Republicans are not suffering from the cult of personality like the left.  They’re clear headed and smart enough to see what’s going on and are exploiting it to their own nefarious ends while the left is still infatuated and completely losing the plot.

The Obvious Question

Oh my god, the posts are practically writing themselves today.  Here’s what Obama just said about the surveillance mess:

WASHINGTON — President Obama on Friday offered a robust defense of the government surveillance programs revealed this week, and sought to reassure the public that his administration has not become a Big Brother with eyes and ears throughout the world of online communications.

“Nobody is listening to your telephone calls,” Mr. Obama said, delivering a 14-minute answer to two questions about the surveillance programs at an event that was initially supposed to be devoted to the health care law. “That’s not what this program is about.”

So, here’s the question: If we are to believe that nobody is listening to our telephone calls, how would we actually *know* that??  Isn’t it the current policy to not let you have access to that information?  If I recall correctly, you need to go to court to find out if the telecomms have turned over your personal communications to government officials and that in many cases, this has been classified as “state secrets” so you can’t ever really be sure.  To have standing in court, you have to show you were harmed by the surveillance but if you only suspect harm and can’t prove you were surveilled, then you’ll never know the extent to which your communications have been monitored.  Jeez, does the Obama administration think we’re stupid??  Based on the previous two presidential election cycles, yeah, probably.

There are other obvious questions, such as, who decided that the surveillance was “legal” and whose definition are we using when we say it was “limited”?  Then there is the “what are you going to do with information that you accidentally dig up that indicates a citizen has been engaged in questionable activities”?   I’m talking about anything from setting up a secret rendezvous with your mistress, to scoring a dime of pot with your pizza delivery, to meeting up at the local Occupy event* (which isn’t illegal but with the batallions of police around the events, sure feels like you’re doing something wrong)?

The final question I have is will an ordinary citizen who gets ensnared for doing something non-terrorist in nature get the same kind of immunity as the bankers did for destroying the world’s economy?  Just askin’ because otherwise, I’m not sure I’m very sympathetic to any sort of surveillance activity.  If you can’t nail the bankers, who are the biggest domestic and global terrorists around, for anything, you shouldn’t be allowed to listen in on ordinary people doing ordinary human things.

Otherwise, it’s not fair or just, it doesn’t sound like equal access to the law, and the people in charge should be held accountable and/or impeached.

*RD’s Law: The power intrinsic to a legal citizen action is directly proportional to the magnitude of the police presence.

Well, of course he’s going to meet with the suits

I’ve read posts by Charles Pierce, Digby and Atrios lamenting how Obama has decided to hold a “leadership” meeting with the big bank ceos who got us into this mess to discuss the details of the Grand Bargain.

It sounds a lot like crocodile tears.

Look, you guys KNEW when you were cheering for him (or cheering against Mitt Romney) last year that he kisses the bankers’ collective asses.

What I can’t understand is how it is that such a bunch of smart people could only see two possible options last year.  You didn’t even try to challenge Obama and put the fear of God into him.  So, stop your “shock!” and righteous indignation or pointless navel gazing about why the “culture of smartness” does what it does and cuts ordinary people out of directing their own fates. You’re either useful idiots doing the party’s work or you’re not nearly as smart as you think you are.

There are always multiple solutions to the problem.  You need to think outside the box, possibly take the long view and stop being such whiny ass titty baby cowards about what is happening to your formerly safe spot in the Democratic party.

They moved your fucking cheese.  Get on with it.

I’m voting for “they don’t know what they’re doing”

In case I wasn’t clear yesterday on why Obama is not a people person, allow me to explain by giving an example of how things have worked in the pharmaceutical industry when it comes to picking corporate CEOs.

Jeffrey Kindler was a Harvard educated lawyer who ran McDonald’s partner brands (Boston Market? Chipotle Grill?) before someone recruited him to be a chief council at Pfizer.  He worked his way up to CEO and continued the rampage of buying and merging that his predecessor started.  By 2010, the bloated behemoth that was Pfizer, and all that it had swallowed, had lost 35% of its stock value.  All of my former colleagues at Wyeth were laid off in one fell swoop in 2009 and only a handful were hired back.  That was 19,000 people at Wyeth alone.  It was brutal and indiscriminate.  There were dedicated and excellent scientists who lost their careers in the middle of the Great Recession.  They did nothing wrong.  They were simply in the wrong place when a former McDonald’s executive decided to perform a little exploitative profit mining by absorbing the Wyeth pipeline, but, ehhhh, not all the research people who, you know, did all the work.

The pharmaceutical industry is full of stories like that.  There are many executives who know next to nothing about the industry they are managing. Their minions have the idea that the research staff are like day laborers whose jobs can be broken down into a series of burger flipping tasks, taking all of the curiosity and spontaneity out of the experimental process in order to save money.  It’s short sighted, destructive and shows a profound lack of understanding of the scientific method. But that’s not why the big executives were recruited.  They were recruited to make the shareholders money and right now, monetary incentives are not in the area of investing in science and research, which can be expensive and unpredictable.  Incentives run towards “get rich quick” schemes and extraction of value.

The damage has been done to many pharmas but the extraction will continue to the point of no return because the executives who are running these businesses don’t really understand the nature of the companies they run.  But that’s not why they were hired.  If they were hired to run research organizations, it wouldn’t be done this way. And the people that are hired to be executives are really not that much different than the people who run Wall Street.  They have an academic pedigree. These people are snobs.  It’s like an aristocracy.  There’s a level of ass-kissing but probably not as much as you think.  It’s more cutthroat than that.  More dog-eat-dog.  It’s a lot less glad handing than back room deals and “strike first” maneuvers.  What’s missing in all of the power grabbing is good management.

This is the world that Barack Obama comes from or could fit into easily.  He’s got the right pedigree, the right degree of ruthlessness and he’s more interested in “winning” by striking the right deal than driven by well-crafted policy.  The fact that he was African American was just icing on the cake to his recruiter.  It made for good theater and it gave them a hefty cudgel of racism to bash anyone who dared to criticize him.

This is not a world that values good management.  Day to day management and good stewardship gets in the way of the power game and winning.  Just look at the way Obama’s administration is planning to roll out the PR offensive for 2014.  It’s going to be about issues the administration’s brain trusts think will distract the Republicans.  It’s not about jobs or the economy.  It’s going to be about gun control.  Granted, gun control is important but it’s not going to put food on the table or fix what ails the economy.  And it could be a giant miscalculation.  But mostly, it’s game playing that is disconnected from the boring tasks associated with serving the people and governing well.

This is what the MBA/bonus/corporate lawyer class has been up to.  Given the disaster that the pharmaceutical industry is in, with layoffs a constant feature, a permanently underemployed research sector, perpetual restructuring and concentration of projects in cancer and orphan drugs to the exclusion of almost everything else, I’d have to say that they don’t know what they are doing.    These are not very imaginative people.  They’re not creative.  They follow trends and do what all their friends do just like brainless lemmings and I don’t mean to offend lemmings. Once they get it into their heads to extract a wealth, they have to come up with an excuse for doing it.  Then they decorate that excuse with biz speak and hypnotic memes so that before long, everyone is repeating the same damn things without any clue what it all means.

They can’t be trusted with their own checkbooks much less running big organizations or branches of government.  And in this environment, where crafting deals behind closed doors is where the real work takes place, glad handling and cultivating political relationships is a tedious, boring process done for show.  Pretty soon, we won’t need politicians at all.

************************************************

I found this while I was searching for more Tony Robinson’s documentaries on youtube.  This sums up 5 years of anger and frustration.  I couldn’t have said it better myself:

How you know the End is Nigh

We’ve been living with out of control capitalism, now in New Accelerated Format, for almost five years now.  It’s a quickened version of what’s been happening over the last 30 years.  Ever since Reagan, the media has bamboozled the public into giving the rich whatever they damn well please with the expectation that the rich will let us keep our jobs.  The evidence has shown that this does not work but you’ll have to read Krugman for the wonky stuff and teensy (or completely absent) labels on the x and y axises of his graphs.  I guess economists don’t need labels and units but it drives this chemist crazy.

I’m not here to talk about all the overwhelming evidence of wrongdoing that has been going on since 1980, or the massive layoffs that have probably permanently impoverished my generation or the fact that all of this has happened with the complicity of an older generation of seniors who thought the whole world revolved around what happened between women’s legs.  No, I am here to talk about the end times.

In this case, it will be the period of time when the strip miners of Wall Street have taken the top off the mountain almost completely and there is very little wealth left to extract and more and more middle class people are waking up to discover that “we wuz robbed” and there’s just no THERE, there anymore.  Where will the excess gobs of cash come from then?  I mean, after the obscenely rich have cornered all of the disposable income, and then some, in their underground lairs surrounded by their faceless, nameless goons in cold and modern chic livery, do they sit around with their heads in their hands weeping like Alexander that there is no more money in the world to conquer?

Heck no!

NOW, they get in on the payday loan scam.  It’s fricking brilliant!

Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 500 percent.

Subrina Baptiste of Brooklyn says JPMorgan Chase allowed payday lenders to seize child-support funds in her account.

With 15 states banning payday loans, a growing number of the lenders have set up online operations in more hospitable states or far-flung locales like Belize, Malta and the West Indies to more easily evade statewide caps on interest rates.

While the banks, which include giants like JPMorgan Chase, Bank of America and Wells Fargo, do not make the loans, they are a critical link for the lenders, enabling the lenders to withdraw payments automatically from borrowers’ bank accounts, even in states where the loans are banned entirely. In some cases, the banks allow lenders to tap checking accounts even after the customers have begged them to stop the withdrawals.

What are the chances that Barack Obama will look up from scheming with his 25 year old male senior advisors to “help” the Congress “win” in 2014 by focussing all of their PR efforts on a couple of distracting issues instead of fixing the problem of chronic unemployment and gross exploitation of average Americans, or directly challenging the Republicans with muscular Liberalism, and actually develop some sense of outrage that is strong enough to prod his justice department to actually, you know, DO something to the banks besides taking them to the back bedroom, closing the door and instructing them to wail loudly as he smacks the bed with his belt?

Yeah, I didn’t think so either.

By next year, when we’re all on Obamacare (sorry, Democrats, you’re going to have to own this one in an election year.  Hope you’re ready, but all indications are that you are not.) and trying to pay all of our bills on time, with a heaping side of gigantic health insurance thrown in for good measure, there will be an increasing number of us vulnerable to the siren song of the payday loan.  “Borrow now against your paycheck, pay 500% interest later!”  What could be more natural?

The big banks are investing in it heavily, wouldn’t you know.  So, this has to be one of the signs of the end.  Now that the MBAs have skillfully evolved the work place every two seconds in accordance to their bonus shortened attention span, AND severely crippled productivity by putting all the burden of getting things done on the shoulders of a few, and because they have so completely decoupled the cause and effect relationship of work with positive reinforcement, given the fruits of labor to the shareholders, closed the pension funds, and divested themselves of all responsibility to the people who, you know, WORK,  now that they’ve scraped every last penny out of every last bank account, it is now time to reserve all incoming pennies for their own purposes too.

All our monies are belong to them.

And then what?

I’m not sure but I suspect it ain’t going to be pretty.

Bullying beyond the classroom

Emily Bazelon, a senior editor at Slate, has written a book on cyberbullying, Sticks and Stones, and gave an interview to Terry Gross yesterday on Fresh Air.  One of the schools she talks about in her book that is a notorious bullying school is located in Connecticut.  She describes the school as being extremely competitive and that a culture of meanness thrives as a way of getting ahead.  In this school, you can get bullied simply for being not as economically well off as your peers.

The mother of one of the students who was targeted was less interested in curtailing online social media access than changing the culture of the school.  Bazelon says of the girls who bullied the other student:

“We want to think that empathy is this natural quality we all have, and in fact, almost everyone is capable of empathy. But there are these moments in adolescence where kids freeze out these feelings. I spent a lot of time with some of the girls who were bullying Monique [who is profiled in the book], and in moments it chilled me to listen to how dismissive they were in talking about her. But in other reflective moments they would say things like, ‘You know, I see that she’s walking down the hall with her head hanging down and really doesn’t have as many friends as she used to have.’ So it wasn’t that they were incapable of empathy, it was much more that they were in a culture in which they were being encouraged to be cruel to another kid to enhance their own status instead of really letting their feelings of empathy for her have an outlet.”

When I heard this part, I immediately thought of bankers and wondered just how many of them are living in Connecticut.

Danger, Elizabeth Warren!

Here’s how Elizabeth Warren started her Senate career yesterday:

Now, I think these are good questions and she elicited some very uncomfortable responses.  Any of us could have asked those questions because we want to know.  Why are only ordinary people prosecuted and persecuted with the government playing the role of Javert ruining people’s lives for what may be minor infractions, like drug abuse or petty theft, while the bankers get away with murder?

The problem is I think her own party is setting her up.  That’s not to say she shouldn’t be doing what she’s doing.  This is the kind of stuff we, the average citizens, like to see.  But because she is so prominent, right out of the gate, and such a threat to the right wing AND to the Democrats’ campaign warchests, she’s going to be put out there with enough rope to hang herself.

It’s hard for me to see exactly what angle Rush Limbaugh and the Glenn Beck types are going to use to neutralize her because there’s really nothing wrong with her line of questioning.  But I guarantee that she will become the next target of ridicule and misogyny before very long.  Both parties’ leadership want her out of the way.  They’ll do a Franken on her.

I hope she’s ready and that there are enough of us out here to push back the tide of nastiness headed her way.

Or at least that Paul Krugman can spare some time from his exhausting job tilting at windmills to put in a good word for her.

By the way, if banks are too big to fail or prosecute then the answer to our problems seems to be pretty simple- break them up first.  Voile!  We could prosecute them to our heart’s content.

*********************************

Matt Taibbi has a review of Neil Barofsky’s book Bailout.  Taibbi focuses on the political gamesmanship and back stabbing aspect of Barofsky’s book while  I was shocked by the sheer amount of money we allowed the banks to have access to without any oversight.  Anyway, it’s all connected with what is about to fall down on Elizabeth Warren.

It’s the best $9.99 you’ll spend at Amazon this month (for the Kindle edition).

Follow

Get every new post delivered to your Inbox.

Join 433 other followers