• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ivory Bill Woodpecke… on Episode 16: Public Speaki…
    Ivory Bill Woodpecke… on Episode 16: Public Speaki…
    Beata on Episode 16: Public Speaki…
    Ivory Bill Woodpecke… on Episode 16: Public Speaki…
    Ivory Bill Woodpecke… on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
    jmac on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
    jmac on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
    riverdaughter on Episode 16: Public Speaki…
    Propertius on Episode 16: Public Speaki…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump 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 John Edwards John McCain Jon Corzine Karl Rove 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 research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    May 2024
    S M T W T F S
     1234
    567891011
    12131415161718
    19202122232425
    262728293031  
  • RSS Paul Krugman: Conscience of a Liberal

    • An error has occurred; the feed is probably down. Try again later.
  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

  • Top Posts

Friday: I know, I know, you should have voted for Hillary

C’mon, you holdouts, admit it.  You guys are like the damned in Life of Brian that are about to be crucified who keep insisting that it “Could have been worse”.  Really?  It could have been worse or the same with Hillary?  How do continue to believe that and still manage to function in your daily activities?  Oh, sure, Obama keeps hiring former Clinton officials but note that they’re the ones that Hillary avoided during her campaign.  In other words, her husband tried them out and found them wanting.

{{sigh}}

On with the news:

The mainstream press has finally discovered-  The General Public!  OMG!  We’re like a new species.  Whoa, where did we come from?  And we don’t like the idea of cutting back on entitlements.  Why didn’t someone tell the press about this before??  Because they were, like, totally unaware of this.  THEY’D been operating on the assumption that whatever was going on in the Hamptons was like the very heartland in America.  I mean, doesn’t everyone just helicopter in or get Fabio to blow out their hair in the limo on that long, arduous journey from midtown to Long Island?  Wow, what they’ve been missing.

As President Obama and Congress brace to battle over how to reduce chronic annual budget deficits, Americans overwhelmingly say that in general they prefer cutting government spending to paying higher taxes, according to the latest New York Times/CBS News poll.

Yet their preference for spending cuts, even in programs that benefit them, dissolves when they are presented with specific options related to Medicareand Social Security, the programs that directly touch the most people and also are the biggest drivers of the government’s projected long-term debt.

Nearly two-thirds of Americans choose higher payroll taxes for Medicare and Social Security over reduced benefits in either program. And asked to choose among cuts to Medicare, Social Security or the nation’s third-largest spending program — the military — a majority by a large margin said cut the Pentagon

Well, there you have it, sports fans.  The American people want the pointless and expensive wars to stop.  And they choose cuts to the pentagon by a large margin.  Barry, are you listening?  Because Bush got us into these stupid wars and destabilized parts of the world it seems in a deliberate manner that makes it really tricky to get out of lest the neighbors start fighting with each other and lob nukes over the fences.

I can almost hear Chris Hedges and his Puritan posse winding up to blame Hillary for this.  Wait for it.  You know it’s coming.  Yes, they’ll say, Obama has been a disaster and a disappointment to them, but if the war doesn’t end, it’s all Hillary’s fault.

But in any case, the Democrats can’t say they didn’t know that cutting entitlements was not what the voters wanted.  And while it is above my pay grade to give math lessons, it should be noted that there are significantly more regular, average, everyday Americans who vote than bankers.  I know, the bankers resent this inequity in numbers and try to make up for it in cash but unless the Dems are planning to rig the voting machines, (and who would put it passed them given the way they ran the primaries in 2008?), the voters will have their say.  Some independent candidate could make a KILLING in 2012.  All those votes, just laying their on the table, unclaimed by either party…

This poll renews my faith in the American public.  After several years of the most intense propaganda, bad economic news and unemployment, they’ve managed to see through the smoke and now are fully aware that the rich and well connected are about to rob them blind.  It takes a Democratic president screwing around with social security to finally wake them up.  For this, we can be grateful that Obama is the unsentimental, opportunistic, banker ass kissing schmoozer we said he was.

In the meantime, the rich and well connected are continuing to try to relieve themselves of their obligations in the states, where state employees and teachers, negotiating in good faith for decades, have deferred part of their compensation to pay for their retirements.

Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.

Unlike cities, the states are barred from seeking protection in federal bankruptcy court. Any effort to change that status would have to clear high constitutional hurdles because the states are considered sovereign.

But proponents say some states are so burdened that the only feasible way out may be bankruptcy, giving Illinois, for example, the opportunity to do what General Motors did with the federal government’s aid.

Declaring bankruptcy is the ONLY way?  What we got here is a failure to imaginate.  How about we tax the people in the state who are making a whole lot of money?  Well, California screwed itself with its silly proposition 13 instead of hiking the income tax on rich people.  I mean, increasing taxes on the wealthy would be the right thing to do since to deprive the employees of their benefits after they’ve been paying into the system for years would be tantamount to breaking a promise to them and sanctioning fraud.  Would YOU want to worf for California and do a good job after that?  You get what you pay for.

And by the way, when did defined benefit plans become so “gold plated” and Unusual?  (Oh, around 1994)  It seems fashionable these days to point to these state employees as some kind of parasites when they’re really just getting what the rest of us used to have as a standard benefits package before that damn 401K got rolled out to everyone as an alternative.  Whose bright idea was that 401K anyway?  I still contend that if you want to save the economy and jobs, cut off the bankers gambling addiction and move back to a social safety net that we can all live with, the powers that be should phase out the 401K.

Speaking of “pension envy”, the public in this recession seems to not be rallying around labor like it did during the Great Depression as this piece in the New Yorker, State of the Unions, explains.

Still, the advantages that union workers enjoy when it comes to pay and benefits are nothing new, while the resentment about these things is. There are a couple of reasons for this. In the past, a sizable percentage of American workers belonged to unions, or had family members who did. Then, too, even people who didn’t belong to unions often reaped some benefit from them, because of what economists call the “threat effect”: in heavily unionized industries, non-union employers had to pay their workers better in order to fend off unionization. Finally, benefits that union members won for themselves—like the eight-hour day, or weekends off—often ended up percolating down to other workers. These days, none of those things are true. Organized labor has been on the wane for decades, to the point where just seven per cent of private-sector workers belong to a union. The benefits that union members still get—like defined-contribution pensions or Cadillac health plans—are out of reach of most workers. And the disappearance of unions from the private sector has radically diminished the threat effect, meaning that unions don’t raise the wages of non-union workers.

Unions have a bad reputation.  But they gave us the weekend.  It looks like this is another battle we have to fight all over again and who knows what regulations Obama is going to want to put on the table to satisfy business?  As Nucky Thomson said in Boardwalk Empire, “You have to decide how much sin you’re willing to live with”  Is a little overreach by the unions worth it if it trickles down to the rest of us non-union people?  What would happen if the newly awakened public had another soylent green moment and showed up at public meetings supporting state employees and teacher’s unions?  How much time would it take to roll back the excesses of movement conservatism?

Following up on the Giffords’ shooting, Hendrik Herzberg has a post in the New Yorker about the connection between Words and Deeds.  He expresses what I have been trying to say beautifully, until the last third of the article where he goes seriously off the rails with effusive and undeserved praise for Obama’s speech in Tucson.  Come on, Hendrik, really?  Let’s compare a couple of presidential speeches that commemorate similar tragedies.

First, the excerpt from Obama’s speech that Hendrik quotes:

I believe that we can be better. Those who died here, those who saved life here—they help me believe. We may not be able to stop all evil in the world, but I know that how we treat one another is entirely up to us.

And now, Lincoln at Gettysburg:

But, in a larger sense, we can not dedicate — we can not consecrate — we can not hallow — this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us — that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion — that we here highly resolve that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.

The dude just gave the USA Today version of the Gettysburg address at Tucson.  He used a lot more words and a lot less sensibility for the principles of the people he claims to represent.  He didn’t write it on the back of an envelope.  No, some professional speech writer like Jon Favreau wrote that piece of drivel for him.  See the difference?  Ok.  Good.  Can we stop making Obama out to be the reincarnation of a great orator now?

On a positive note, Gabrielle Giffords is making slow but steady recovery and is now using an iPad.  Her next milestone: conquering level 19 of the Angry Birds Christmas Seasonal edition.  Seriously, Gabby, we’re pulling for you.