• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ivory Bill Woodpecke… on Oh yes Republicans would like…
    campskunk on Oh yes Republicans would like…
    Ivory Bill Woodpecke… on Memorial Day
    eurobrat on One Tiny Mistake…
    Ivory Bill Woodpecke… on Evil people want to shove a so…
    Ivory Bill Woodpecke… on Evil people want to shove a so…
    riverdaughter on Evil people want to shove a so…
    campskunk on Evil people want to shove a so…
    eurobrat on D E F A U L T
    Ivory Bill Woodpecke… on Tina Turner (1939-2023)
    jmac on D E F A U L T
    jmac on Does Game Theory Even Help Us…
    William on Does Game Theory Even Help Us…
    William on Does Game Theory Even Help Us…
    jmac on Does Game Theory Even Help Us…
  • 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 OccupyWallStreet occupy wall street 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

    June 2023
    S M T W T F S
     123
    45678910
    11121314151617
    18192021222324
    252627282930  
  • 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

State of The Confluence and Request for Input

At first I was like…

Yesterday, I locked myself out of my house. Yup, just pure stupidity. I picked up the wrong set of keys as I was leaving and checked them just as the door went *click!* behind me. Getting back in was painful, as in, painful to the money supply. I’m still in job search mode. I HAVE a job, but it is a bad one. That is to say, the money is seriously low, the hours ridiculous and the benefits close to non-existent.

Fortunately, I have some professionals helping me find a new job. Unfortunately, it is taking a lot, LOT longer than I had anticipated, even with my “worst case scenario” pre-planning. I mean, this is so long, drawn out and fruitless that I am beginning to think that I will be trapped in this hellish job forever. My career counselors assure me that this is not the case and I must persevere but even they must be getting worn out.

and then…

Fortunately, I own my own home! Yup, free and clear. All mine, mine, mine! It’s nice and comfy and I had the money when I bought it to make some major repairs. (It was foreclosed for about a year) Unfortunately, I have property taxes, and while they are less than half of what I paid in NJ, they’re still significant and at this moment, I will have to dip into some previously off limit funds to pay for them.

So, locking myself out of the house yesterday was not on my “things to do with my money this month” list. What I had actually planned was replacing my upstairs toilet before the crack in the tank that is being held together with epoxy finally gives on me. Ahhh, the joys of home ownership. Why didn’t I buy a new toilet when I moved in???

Anyway, this is a long winded way of saying that I am contemplating a fundraiser, like just about every other blog in the world. If you have been a long time reader of this blog, chime in and tell me whether you think this would go over like a lead balloon or not. I don’t usually ask for money except for special events, like when I asked for train fare to cover the Occupy Wall Street protests. Also, Katiebird has been nagging me to rewrite the website for the upcoming presidential campaign. I think this would be a good idea and I have some things I would like to add to this here place. A fundraiser would allow me to pay my property taxes as well as invest in some server time, Dreamweaver licenses and other training materials. If you have an opinion on what you would like to see at a new Confluence, put it in the comments below.

Having the money to pay my taxes and train myself to develop a high end web site would give me a great deal of peace of mind as well as some potentially marketable skills. I’ve been using WordPress and can install and maintain CMS’s but I feel the need to work on design skills and coding. Katiebird has been very encouraging in this respect and she says i can do it so I believe her.

What I should have done, or “in emergency, break glass”

Anyway, thanks to all of you for your support over the last seven years. We have had over 12 million comments. Can you believe it? I never thought anything I wrote would get that much attention. And really, attention was not what I was looking for. The purpose of this blog was to be a refuge from the consensus reality that was being manipulated during the 2008 presidential primary and general campaign. I’d like to keep that focus for the upcoming presidential campaign. That is, I’d like to cover topics in a way that is true to the liberal spirit of this blog but remains free of the dogma that plagues so much of the left.

I’ve been considering starting a regular podcast featuring guest interviews. Some topics I would like to cover are the problems of the pharmaceutical industry, employment and labor issues, infrastructure (net neutrality, mass transit), the impact of religion on our current culture, GLBT and feminism issues, and, of course, a discussion of the candidates and their policies. If this sounds interesting to you, or something you could support, let me know in the comments below.

Finally, there is a “Tip Jar” in the upper left hand corner of this blog. It goes to the PayPal account for this blog. I don’t check it very often because we don’t do fund raisers very often. But if you feel so inclined, or just want to help defray the costs of a locksmith, just hit that link. Today’s date is 2/22/15. May I suggest a contribution in the form of a multiple of $2.22.

Thanks!

Things that drive me crazy

In no particular order:

1.) An unchargeable iPhone.  Yep, completely unchargeable.  Thanks for the helpful suggestions you are about to give me.  Be assured that I tried ALL of them (as confirmed by the apple store genius).  Still no charge.

2a.) Having to go to the mall on Black Friday to visit the genius bar at the apple store to diagnose problem with dead iPhone.  It was a logic board problem. (I know what some of you are thinking.  Don’t go there.)  They gave me a “new” iPhone.  It charges.  I am happy.  But still don’t like to go to the mall on Black Friday.

2b) Predatory parking at the mall on Black Friday.  Aggressively blocking other cars from snatching the parking spot you have been hunting for 20 minutes.  Realizing that population density and forced competition for resources in New Jersey have changed one’s personality and not for the better.

2c) Having the reception person at the apple store tell me that it is really inconvenient to have a broken iPhone on Black Friday.  No shit, Sherlock.

3.) The “check oil” light indicator on the dashboard.  No, there are no oil stains on the driveway.  I don’t know where the oil is going.  It’s just going.  I am most seriously displeased.

4.) The companies that will not give you a quote for materials and have no prices for their products on their websites.  When you “chat” with a representative, the *first* thing they want to know is your name, email and address, “In case we get disconnected”. uh-huh.  It couldn’t be to run a credit check and on the spot market research to see how much money can be extracted from the prospective customer, right?  The thing I have noticed about NJ contractors is that they have a dollar figure in mind. YOU may only want to know how much a door costs.  THEY want to get $3000 out of you.  The door may cost $989.95 but they are going to charge you $3000 for it.  The extra $2000 is for the labor.  Oh, sure, it won’t take more than 2 guys more than 4 hours but you will still have to pay $2000 for the labor.  That’s just the way it is.  Be forewarned, those of you who are being forced to move to New Jersey.

Is anyone else seeing something similar to this?  You can’t get an absolute price for your new AC unit, sliding patio door or any other item you need to get a quote for?  The contractor won’t break down the price for you into materials and labor?  Why isn’t there a law for this?  It seems to me that prices are disappearing rapidly and there’s no way to know if you are paying what your neighbor paid or whether you are getting first class or economy goods and services.

5.) Rand Paul.

6.) People who like Rand Paul and Libertarians in general.

President is “Pissy”, film at eleven

The Washington Post has an article about how Democratic activists have found Obama to be an unsympathetic, whining, “Well, what do you want ME to do about it?” useless, all-about-him president when they go to him with problems.

To say this portrait of the president is unflattering would be an understatement.  I hate to blame the victims but you should have seen this coming for all of the reasons we have tried to point out in the past four years.  Still, some of the examples of interactions with Obama have been downright pitiless. Take this exchange that Obama has had with immigration activists who have been alarmed by the step-up of deportations under Obama:

Bhargava, 43, an Indian American who came to the United States as a child, had spent much of 2008 registering minority voters. The rise of a fellow community organizer, a black man, delivered to office on the shoulders of a new ethnic coalition, “hit me on so many levels,” Bhargava would later recall.

So it was an uncomfortable moment when Bhargava looked in Obama’s eyes and told him that he was presiding over a “moral catastrophe” in immigrant communities. He asked Obama to use executive powers to stop many deportations, said it was time to “lean in” on revamping the country’s immigration system and listed a number of Republican senators he should lobby.

The president grew visibly frustrated as each successive advocate spoke. He said that the advocates, too, should be pressing Republican lawmakers, that he sympathized with their concerns but that he did not have the legal authority to stop deportations.

Tensions mounted when Obama argued that his administration’s policy was to focus on deporting criminals and others deemed to be security threats.

“No, Mr. President, that’s not what’s happening,” interjected Angelica Salas, the head of the Los Angeles-based Coalition for Humane Immigrant Rights. She was seated directly across the table from Obama and leaned toward him as she spoke, her hands trembling and her voice rising. “You’re deporting heads of households, mothers and fathers.” She said that “young people are sitting in detention centers when they should be sitting in the best universities in the country,” according to meeting participants.

Obama looked taken aback by the direct confrontation from Salas and then turned to aides seated against the wall, according to several participants. The aides affirmed that, yes, criminals were the priority.

Turning back to Salas, Obama asked: “What do you want me to do, not enforce the law?” He explained that he could not just ignore laws he didn’t like.

The president spoke sternly. Several participants described him as defensive. One person said that, at times, Obama was “pissy.”

How about working to *change* the law so that it didn’t rip families apart, impoverish children and turn them into vulnerable international orphans? Just a suggestion.

The funny thing is that this article highlights his interactions with immigration and gay rights activists.  It says nothing about women’s groups, which makes me wonder if they were even able to get a meeting or were so discouraged that they didn’t even try.  Isn’t it weird how in this year on the “War on Women” that womens’ advocacy groups are so invisible?  I’m telling you, it’s downright creepy.

There is a danger for the party to look like it’s tied too closely with special interest groups but working people, who the White House blew off earlier this week, and women, who it has always blown off, are NOT special interest groups.  The debacle in Wisconsin is particularly striking.  The White House, in fear of looking like it was sitting next to the dweebs at the loser lunch table, left labor to twist in the wind.  The worst thing that Obama did with respect to Wisconsin wasn’t that he avoided the state.  It was that he made no attempt to argue in any speech to the state or the nation about how important it was to the future of the country, economy and all working people that labor was respected, protected and championed.  There is a very good argument to be made there and Obama did not make it. Bill Clinton, who went to Wisconsin, had to do this.  The 99% need to remember this because the differences between how the two presidents stand up for labor couldn’t be more illuminating.

But that doesn’t mean that the president isn’t passionate about things:

The Barack Obama who spars with liberals in private seems far different from the man most Americans have come to know for his even-keeled, cerebral presence. He drops the formalities of his position and the familiar rhetoric of his speeches, revealing a president willing to speak personally and candidly to his allies, and also one who can be thin-skinned, irritable, even sarcastic and hectoring if his motives or tactics are questioned. He talks about his own ethnicity, his immigrant roots, his political high wire as a black president with a Muslim middle name — and then seems surprised when advocates who took deep inspiration from his election nevertheless question his commitment to their causes.

Awwww, the poor man.  It’s really hard to be half African America son of an immigrant with a funny middle name who is the most powerful person of the free world. He gets picked on. These activists, it’s all about them.  They have no idea how hard it is to be Obama.  First he campaigns as the first post-racial, post-partisan president and then people put unrealistic expectations on him to actually live up to his soaring, aspirational campaign rhetoric.

I think the people spoke in 2008.  They were willing to give Obama a chance to rise above his humble means, his prep school background and Harvard pedigree, and lead and they were willing to do this because he ran as the Democrat and once upon a time, that meant something.  Now, it seems like he didn’t really mean any of what he said.  Either that or he’s not really all that into you, activists, and he’s falling back on being the aggrieved party to get you to back off.  And if that doesn’t work, he’ll just be mean and pissy, reverting back to his “Can I just eat my waffles?!?” personality that was conveniently overlooked in 2008 by the very same groups he captured.

This is not a new Obama, it’s the same guy.  But the smoke has cleared now.  He got away with sidelining the activists in 2008 and now in 2012, they’re frustrated.  Well, no one held him accountable before the 2008 election or asked him to show them his policies.  He didn’t need policies back then because anyone who questioned Obama’s readiness, commitment or preparation was automatically bludgeoned with the “racists!” sledgehammer. They were all supposed to “Hang on a second, sweetie.” while he schmoozed them.

Of course, it isn’t too late to hold him accountable before he gets the nomination in September.  He’s not the only game in town and there are real politicians out there with actual policy plans that would make suitable substitutes.  The question is, do the various factions of the Democratic party have the courage to demand satisfaction?

You can’t complain later if he blows you off next year if you do nothing this year.  And you can’t complain if he gets booted out of office because the general public is disgusted with the excuses while their lives are being ruined.

No one is forcing him to take four more years of abuse and name calling. If he really doesn’t want to deal with those people, ie his base, he can always join the speech circuit, or become the new CEO of Pfizer and hasten its demise. There are options. He shouldn’t worry about disappointing us if he decides not to stick it out and yields the spot to a better Democrat. We’ll understand.

The infamous “sweetie” clip looks completely different to the party activists this year, doesn’t it?

Monday: Why doctors of thinkology don’t get it.

Paul Krugman is in despair. He simply cannot understand why Obama and his economics team are taking the country off a cliff in order to protect bankers and investors from absorbing their losses.  It’s a puzzlement why taxpayers are subsidizing the private investors who will gladly take bad assets off of the bankers hands for more money than they are actually worth.

Paul, Paul, Paul, where have you been?  This $@#%’s been going on for a couple of decades now.  If we weren’t in danger of being called “crude populists”  some of us would complain loudly and vociferously about a class war.

Remember Pittsburgh in the late 70’s?  Of course you do.  Back then, the Japanese dumped steel on the US market and drove prices down.  The US steel manufacturer’s used that as an opportunity to get rid of the pesky unions and diversify.  I used to wake up in the middle of the night to a bright orange sandblasted sky and the comforting sounds of clanging steel.  My uncles worked for US Steel and made pretty good money.  Then, they were suddenly out on their own.  The mills went silent.  The milltowns fell into disrepair.  Giardia crept into the water systems that municipal authorities couldn’t afford to fix.

Then there came PATCO.  Ah, yes, I remember it well.  It happened just before my first trip to the Bahamas.  Lucky for us there were just enough management to take over running the airports to get us safely off the ground and back again.  But it was OK.  We hired new air traffic controllers who were willing to work for less money and wouldn’t complain so much.  Probably laid off steelworkers.

The 80’s were full of stories about lockouts and Caterpillar workers on strikes and people living off of their union dues and sadness and heartbreak in reazlizing the only job they knew was gone, gone, gone.  These were not high-falutin’ doctors of thinkology.  They were just your average Joe’s who enjoyed a beer on their front stoops after work and spent the weekends tending to their gardens and their cars.  The people you want to spend Thanksgiving dinner with, eating pumpkin pie in front of a football game.  Little people who liked watching the sunset over the river on a summer evening and telling stories to their neighbors.

I was in college in the 80’s.  I saw the rise of the MBA lifestyle, the business majors, the resurrection of Greek culture, the beginnings of networking.  We G-d damned independents thought we were so much smarter than them, hunkered over our P-chem textbooks and sodium sand organometallic reactions.  There would always be a job out there for those of us who used our brains.  Money?  Well, yeah, we expected to be paid well.  Maybe not stellar salaries but enough to enjoy the American Dream.  Greed wasn’t what we were after.  And there weren’t that many of us anyway.  My college graduated exactly 8 Chemistry majors in 1986.  Besides, wasn’t a college degree the path to success?  That’s what everyone told us.

But we were wrong.  It’s the people who handle the money who have a path to success.  While we were busy thinking, they were busy rewriting the rules.  And we were so busy.  Those of us who are female had careers and husbands who didn’t help out as much as they should have and children and daycare and forty things to do before we fell into bed at night.  The pace of life picked up and went at lightspeed.  Who has time to manage the money?  We trusted people to do that for us.  Even when we got our first 401k’s, most of us were content to just “set it and forget it”.

And the college educated toiled away while the MBAs and the marketers and sales people flourished and gave themselves bonuses and promoted themselves over and over again.  And the investors bought stock and frowned when the quarterly earnings didn’t endlessly increase their dividends.  And they demanded cutbacks and the MBA’s obliged and reduced the number of people who actually did the work.  And the remaining workers cheered because their portfolios grew.

And here we are.  The college educated are now the new working class.  We are expendable.  I heard an HR person at my company slip recently and tell a bunch of high school students that a starting BS scientist could expect to make $35K at my company but people who came in with marketing degrees made the top salaries.  Well, we’ve suspected this for a while now.  They also get the attention of the CEO’s.  If a marketer can’t figure out a way to protect his own job, he should find a new career.  And the MBAs sit in their offices and move the chess pieces around and try to figure out which production units to cut in order to increase their bottom line. We are all expendable.

So, now Tim Geithner and Barack Obama are working on a plan to stick hard working, soon to be out of work taxpayers with the bill for the investors who are going to take on the massive bad assets that the bankers cooked up to make money for themselves.  We should not expect these bankers and shareholders to take a haircut because that would be “crude populism” and class warfare.  Why is it any surprise to you that Obama would go this route, Paul?  As long as those of you in the media say it’s OK to treat us like the wretched refuse of our teaming shores, why shouldn’t Tim, Larry and Barry do whatever the hell they want with our money?

In order to get the economy back on track, we workers have to reclaim our dignity and demand accountability.  So, Paul, if you can’t say anything nice about us “crude populists” out here, please, say nothing at all.

Monday: Even Billionaires Get the Blues

It’s a good thing we still have Social Security.  There are some (formerly) rich people who are going to need it:

The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan.

A busy stock-trading operation occupied the 19th floor, and the computers and paperwork of Bernard L. Madoff Investment Securities filled the 18th floor.

But the 17th floor was Bernie Madoff’s sanctum, occupied by fewer than two dozen staff members and rarely visited by other employees. It was called the “hedge fund” floor, but federal prosecutors now say the work Mr. Madoff did there was actually a fraud scheme whose losses Mr. Madoff himself estimates at $50 billion.

The tally of reported losses climbed through the weekend to nearly $20 billion, with a giant Spanish bank, Banco Santander, reporting on Sunday that clients of one of its Swiss subsidiaries have lost $3 billion. Some of the biggest losers were members of the Palm Beach Country Club, where many of Mr. Madoff’s wealthy clients were recruited.

The list of prominent fraud victims grew as well. According to a person familiar with the business of the real estate and publishing magnate Mort Zuckerman, he is also on a list of victims that already included the owners of the New York Mets, a former owner of the Philadelphia Eagles and the chairman of GMAC.

Bummer.  Didn’t anyone tell these suckers, er, wealthy individuals to diversify their assets?
It’s interesting that Madoff himself refers to what he did as a “Ponzi Scheme”.  So, the people who got to the party late footed the bill for the ones who came early.  But is that where all of the money went?  Does that mean the early investors have at least a moral obligation to refund their ill gotten booty to the late investors?

Morals?

On another note, it looks like the Republicans are still not done with their irrational hatred of everything labor.  Paul Krugman makes reference to the Republicans’ efforts to stick a fork in the unions before the changing of the guard next month.  The hard hearted meanies can’t find it in themselves to extend a measley $15 billion to the autoworkers so they can keep their jobs and their houses and prevent Michigan from turning into a landscape straight out of I Am Legend.  But when Krugman turned his attention to Europe, where the Germans are holding out for equally selfish reasons this line had me giggling:

Last week Peer Steinbrück, Mrs. Merkel’s finance minister, went even further. Not content with refusing to develop a serious stimulus plan for his own country, he denounced the plans of other European nations. He accused Britain, in particular, of engaging in “crass Keynesianism.”

The Germans are being stubborn and dragging their feet, refusing to join the rest of the class and insisting that nothing needs to change.  (I hate to stereotype but my own experience with my German colleagues is oddly similar.  You must prove something a priori before they sign on to actually trying it and even then, they resist.)  But Germany is hardly immune to sharing the wealth so the flinching from Keynesian economics is pretty funny, even if it is shortsighted and ruinous for everyone else in the EU.

But the US has it easy in the area of labor unions compared to Germany.  Decades of assault on labor has resulted in very little protection for them.  What do the billionaires want anyway?

It must be the sheer scale that is the problem.  A billion here, a billion there, pretty soon you’re talking about real money.  Money has no real meaning to the superrich. There are only so many necessities of life a person can buy with a billion dollars.  After a certain threshhold value, it’s all play money.  Is that why they seem to be so stingy towards the people who work for them?

Well, we can only hope that there will be some new riches to rags stories that will come out of the Great Financial Collapse of 2008 that will make it all worthwhile.  Schadenfreude and all that.