Friday, July 10, 2009
Meet the New Boss, Same as the Old Boss
The situation with the government’s bail-out of General Motors is a great example. I can’t say it better than some letter-writers to the Times today whose thoughts are excerpted below:
"I simply don't understand why our government chose to back G.M. Wasn't the rationale behind the handouts to save millions of jobs and local economies? Taxpayers have invested 50 billion dollars into this company only to watch hundreds of thousands of jobs being slashed with the transition to the "new G.M." Left behind are the little guys.”
“Most offensive was GM's chief attorney's claim that the Union members left behind opposed the sale because they were "envious" of the UAW workers, and that such workers had naively and delusionally imagined a "conspiracy" between GM and the government. As someone from a working-class background who belongs to a union, and whose family members have benefited from union membership, I find it appalling that President Obama would and his administration would sanction such contemptuous, class-ridden, smears against working Americans. These people lost their health benefits because of you, Barack. They were not a jealous, disgruntled paranoid mob, but rather workers who now face retirement without their union benefits. Shame.”
“Odd that corporate socialism is desirable(GM, AIG, Chrysler, Citi) but public socialism such as health care for all causes our president and congress to have second thoughts.
I guess they're just dancing with the ones that brought 'em.”
Not odd my friend, just business as usual in Washington.
Wednesday, May 06, 2009
Torturing the Truth
Speaking of kicking and screaming, it appears that the Obama DOJ has decided not to prosecute the attorneys who wrote the so-called “torture memos,” which gave the CIA permission under color of law to torture suspected Al Qaeda operatives to extract information about future attacks on the United States. Instead, they plan on wagging a stern finger at the naughty lawyers and suggesting that they be reported to their local bar association for disciplinary action. I don’t know where these lawyers practice, but the only thing that will get you disciplined by the bar where I live is if you flagrantly steal a client’s money. Using flimsy legal arguments to justify torture that ends in death? We call that zealous advocacy ‘round these parts.
I had thought that when I pulled the lever for a Democrat in this last election that I would be doing my part to help reverse the general collapse of the rule of law in the United States. The Patriot Act, warrantless wiretapping, torture were legacies of a reactionary Republican administration, or so I thought. It is worth recalling that we prosecuted Japanese soldiers who used waterboarding in WWII. Why is Obama willing to look the other way while those who perpetrated the act in our name get away with murder?
Friday, May 01, 2009
Running
The north shore of Long Island is a great place to run but it can also be fairly challenging. Despite the relatively empty roads and bucolic scenery-views of the Sound abound-there are also a lot of very wealthy people driving around in big cars while simultaneously talking on cell phones. I have had to jump the curb many times to avoid being flattened by Bentleys and Hummers whose drivers were more intent on their phone calls than on what was going on in the space around their cars. After running for 20 years on the roads you develop a 6th sense of which cars pose the most danger, even if you’re jamming down the road blasting your i-pod. There are also a lot of hills, but I prefer running up hills to running on the flats.
Have a good week-end everyone.
Wednesday, April 29, 2009
Obama, Prosecute the War Criminals
"No exceptional circumstances whatsoever, whether a state of war or a threat or war, internal political instability or any other public emergency, may be invoked as a justification of torture."
The Bush administration and its legal enablers violated the treaty. Treaties which have been ratified by the United States Senate have the same force and effect as laws passed in the United States. Those responsible MUST be put on trial and, if found guilty, sent to prison. Yes it was a group of pretty despicable people who were subjected to this treatment, but that shouldn’t matter. Laws against torture and abuse of prisoners were not put in place to stop crimes against people we like, but to stop interrogators from misusing their power to harm people we despise. It is very strange to me, this idea that we should just “move on”. Why? As a letter writer to the Times astutely noted this morning, if some average Joe imprisoned somebody in his basement, chained them from the ceiling, kept them awake for 11 days straight, and waterboarded them 183 times resulting in their death you wouldn't question for a moment the need for prosecution. In fact, in most states, murder of this sort is a first degree offense and would subject the perpetrator to the death penalty. Yet Obama, in the name of God knows what, has decided that this is somehow an inappropriate path to tread down. Perhaps he doesn’t want to start taking whacks at the increased presidential power that Bush seized during his reign of terror for fear that his own power would be truncated. Who knows?
Nevertheless, Presidents are not above the law and history will not treat us kindly if we choose to look the other way at this monumental crime for the sake of political expediency.
100 Days
For a part-time blogging hack like myself, Obama poses a dilemma. He is so active, on so many fronts, that it is impossible to analyze his performance in the amount of time I have to devote to this blog. So I’ll take little bites and chew thoroughly. Stay tuned.
Monday, March 30, 2009
Baby You Can Drive My Car
You could also argue that the auto industry is being treated like garbage because the government blew the bank bailout badly by pouring $350 billion down the drain with no benefit on Main Street. The political reality of the moment is that somebody has to get in it in the shorts to satisfy the public's need for blood. The sheeple glued to CNN apparently buy the party line that the collapse of GM and Chrysler was the fault of the union line worker (damn those people who can afford THREE meals a day on their salary), rather than bone headed management decisions. Couple the public perception with the fact that the industry’s influence in Washington is on the wane and presto, the auto industry gets to die in place of the financial industry that caused our current problems.
Yes, the banking industry is important to the American economy, but the banking industry is not wholly composed of BofA, Citibank, et al. As long as they remain the sole focus of the discussion and the people are browbeat into believing that their rescue is absolutely necessary, it becomes clear in whose interests these banks are being saved. Hint: it ain’t ours.
Friday, March 27, 2009
Legalize It
Maybe because decriminalizing pot would actually be counter to his goals. Prisons create jobs. Building prisons creates jobs. Spending billions on the War on Drugs every year creates jobs. All those potheads getting locked up are just more Americans sacrificing in the name of economic recovery.
I’m starting to think that this guy is too slick for his own good. One week after the Attorney General seemed to indicate the feds would no longer raid pot clubs, DEA agents busted a medical marijuana facility in San Francisco the night before his speech. If this is the position an administration filled with intelligent thinkers is going to take on this issue, I have to question their motives. This one is a no-brainer.
Wednesday, February 25, 2009
Back in the USSA
I’m not holding out Italy as some sort of paradise. Far from it. But what Italy, and the rest of “old Europe” have going for it is a lifestyle outlook that eschews consumerism in favor of simple pleasures like friends, good food, and an appreciation of leisure. Before you all write in to flame me, I am aware that Europe has issues with rigid class structures and an appalling record on dealing with immigrants. Nevertheless, the small cars, small apartments, rigidly enforced recycling program and focus on living life rather than buying crap you don’t need is something American’s should pay attention to. For better or worse we’re all going to have to start living small.
I watched Obama’s speech last night and I was not at all impressed. After a few minutes, I felt as if I was hearing the campaign rhetoric repackaged and rebranded for a slightly different audience. The speech was long on style and short on substance. With the stock market still in freefall and the "details" of our economic salvation yet to be revealed, this administration can hardly be said to have taken the bull by the horns-despite the lofty rhetoric.
Many of the ideals espoused by our Dear Leader lacked a basis in anything approaching objective reality. Obama sternly lectured that corporate executives will not be allowed to profit form the financial bailout-and yet refused to push for any strings to be attached to the money. He stated that bold action was necessary to save the country from the economic crisis and yet was short on specifics. I have a few ideas. How about bold actions like FBI forensic accountants pouring over the books of bad banks looking for fraud. How about bold action to claw back the bonuses paid to executives from the last round of TARP money? None of this is in the stimulus plan he was crowing about last night.
I see no evidence that Obama's plan to fix the banks does what the American people are demanding-hold those who gambled with the public's money accountable-or what the economy requires. His plan seems to be little more than a continuation of the philosophy of the Bush years.
While our president speaks of “necessary sacrifice”, the centerpiece of the economic recovery plan is apparently more lending and more debt. Oh, and printing more money to pay for everything. Am I alone in finding this approach to be, well, insane? Wasn’t it the accumulation of debt and laxity in lending that started us down the rabbit hole?
Tuesday, February 10, 2009
Meet the New Boss
The architect of Tarp II is none other then Treasury Secretary Timothy Geithner, erstwhile head of the New York Federal Reserve and overseer of the financial meltdown. Why Obama put this man in charge of The Treasury when his short-sightedness was instrumental in causing the problem in the first place, I don’t know. The man couldn’t even be bothered to pay his own taxes, but he is rewarded by control over the entuire financial system. Nice.
As intended by Mr. Geithner, the current stimulus plan stops short of intruding too significantly into bankers’ affairs even as they start to receive corporate welfare. The $500,000 pay cap for executives at companies receiving assistance applies only to very senior executives, who will likely find a way around it anyway. The plan also will not require shareholders of companies receiving significant assistance to lose most or all of their investment. Perhaps most galling, while the administration will “urge” banks to increase lending, it will not attach any conditions to the billions of dollars in new government money. This plan is hardly different from the Bush administration’s approach of greasing the palms of the same companies and executives who peddled risky loans and investments at the heart of the crisis. How is this a change from “the failed economic policies of the last eight years?”
I think the plan is a mistake. I also think that any plan which props up home values, and extends more credit to overextended consumers is ill conceived at best. Irresponsible use of credit got us into this mess in the first place. How is extending more credit so people can resume living beyond their means going to solve this financial crisis?
This is just more protection for the wealthy and their money. I cannot understand the thought process behind a government decision that risks economic catastrophe to protect the wealthiest Americans while enraging everyone else. I think the administration will come to deeply regret this decision.
Friday, February 06, 2009
Down the Drain
The tax credit assumes that people have sufficient liquid resources for a 10-20% downpayment. The US has had a negative savings rate for the last ten years and the value of most people’s investments has been cut by ½ in the last quarter of the last year alone. I doubt too many Americans are sitting on a big wad of cash they feel would be best spent gambling on the unstable housing market right now.
The housing industry needs to downsize. There are over 2,000,000 excess housing units in the US, most of them overpriced. There was far too much construction during the boom. This not only created an excess of housing but also an excess of unsustainable jobs. Having an economy based upon building houses and selling them to each other rather than on the production of tangible goods or innovative technologies is the difference between a consumption economy and a production economy. Consumption economies are inherently unsustainable and bound to fail.
And frankly, the whole ideology of saving the economy by spending was discredited, wasn’t it? We're supposed to spend our way out of this? With what real income? With what credit? Isn't spending imaginary money what got us into this mess in the first place?
“Businesses are panicked and fighting for survival and slashing their payrolls,” said Mark Zandi, chief economist at Moody’s Economy.com. “I think we’re trapped in a very adverse, self-reinforcing cycle. The downturn is intensifying, and likely to intensify further unless policy makers respond aggressively.” The Obama administration needs to stop fucking around with bipartisanship and come up with some drastic solutions to what is fast becoming a spiraling economic disaster. 598,000 jobs were lost in January of this year. A half million jobs. In one month.
Monday, February 02, 2009
Parenting
"We're mad that having children has turned our lives upside down much more than theirs. We're mad that these guys, who can manage businesses or keep track of thousands of pieces of sports trivia, can be clueless when it comes to what our kids are eating and what supplies they need for school. And more than anything else, we're mad that they get more time to themselves than we do."
I am going to reserve comment for a minute on how completely banal and stereotypical such a depiction of lazy husbands and nagging wives sounds. I have to wonder though, who lives like this? Are there really still places in America where Everybody Loves Raymond is an accurate depiction of life in the suburbs? My gut instinct is that this “scientific” survey is nothing more than a reflection of the views of a cross section of the irate mommies who read Parenting magazine. In other words, white, upper middle class women who, for whatever reason, are stuck in lousy relationships with men they have little in common with.
The real problem? Our relationships are out of whack because our economic system is out of whack. If both parents are working full time the home is always one step away from chaos. Our children are not only being being raised by strangers out of necessity but they are being taught rigid social conformity as if it is some kind of civic virtue. (We sacrifice art and music in school for business and math and expect that we are going to have well-rounded kids-but that’s another posting entirely).
Our society needs to follow the European model and give more support to families with children. A fraction of that bailout money could go a long way towards paying for programs that allow more flexible work hours and options for part time work for both parents. We should demand that Obama and Congress pass laws that insist that companies allow more work-from-home options, and provide paid maternity and paternity leave. We need an economy that brings the buying power of our wages out of the 1970, and we need universal, single-payer health care, and publicly funded college, and retirement. Don’t tell me the government can’t afford it. If we can afford the banking bailout and bankroll two wars simultaneously, we can afford it.
Fuck Parenting magazine and their facile approach to a serious social problem. Instead of fomenting a war between the sexes, if they have any interest in helping parents they should use their platform as a bully pulpit to steer some of the billions of dollars going to bail out the Wall Street Fuckers to support working families.
Friday, January 30, 2009
Pull Back the Tarp
Tuesday, January 27, 2009
The First Seven Days
I promised
Obama’s first week in office has been such a clear repudiation of the Bush years that one scarcely knows where to begin. Let’s begin with this, a partial transcript from an interview-the first of his presidency- Obama sat for with Al Arabiya:
“I have Muslim members of my family. I have lived in Muslim countries….[t]he largest one,
And my job is to communicate to the American people that the Muslim world is filled with extraordinary people who simply want to live their lives and see their children live better lives. My job to the Muslim world is to communicate that the Americans are not your enemy. We sometimes make mistakes. We have not been perfect. But if you look at the track record, as you say,
Quite a sea change, isn’t it? Contrast that with the Bush administration’s paranoia and inability to draw fine distinctions between terrorists and, well, anyone else. Quite refreshing. In the same interview, the President acknowledges that the tone of a conversation is just as important as its content-something else lost on our last president:
“[T]he language we use matters. And what we need to understand is, is that there are extremist organizations – whether Muslim or any other faith in the past – that will use faith as a justification for violence. We cannot paint with a broad brush a faith as a consequence of the violence that is done in that faith's name.”
Obama has more faith in religion than I, but the point that we, as a country, will use our collective intellect to discern intent from context is something I can get behind 100%.
Monday, January 26, 2009
Year of the Earth Ox

The Times reported today on a recent Danish study which showed that people who drink coffee are at a greatly reduced risk for developing dementia later in life. Scientists found that the subjects who had reported drinking three to five cups of coffee daily were 65 percent less likely to have developed dementia, compared with those who drank two cups or less. People who drank more than five cups a day also were at reduced risk of dementia, the researchers said, but there were not enough people in this group to draw statistically significant conclusions-probably because they couldn’t sit still long enough to complete the questionnaire. The Patriot is greatly relieved that he has an excuse to increase his coffee consumption without guilt.
Welcome to the year of the Earth Ox. Generally The Ox is the sign of prosperity gained through fortitude and hard work. The Ox is unswervingly patient, tireless in his work, and capable of enduring any amount of hardship without complaint-a very Protestant Animal, in the Weberian sense. According to a Chinese astrology web site I happened across while engaging in the very non ox-like activity of shirking my own work, “Effort, commitment and duty will be the keywords for 2009. Creatively and artistically, the Year of the Ox could see influential and exciting new works and creations being announced. Environmental and green issues will also dominate the world stage with countries establishing tighter controls and regulations.” Amazing how Chinese astrology can be so issue specific. I wonder what all the little rats in Congress-whose year has ended- think about their feng shui prospects for the coming year? Perhaps they should get a reading.
Thursday, January 22, 2009
The Audacity of Hope

There are endings and there are beginnings. The
The beginning of the Obama era started on Election Day and really lifted off in
Let’s face it, the perception of
I’m not expecting miracles. Obama is an establishment politician and still beholden to the interests that allowed him to accede to the seat of power. However, in his first two days in office he has suspended the
Tuesday, January 06, 2009
Senate Intrigue
Without delay, I urge the immediate appointment of Senator Burris from Chicago and Senator Franken from Minnesota. We all know Harry Reid is a pussy-that's not news-but he has come out in favor of seating Franken so I urge you all to write to the great ballless one and urge him to continue his public support of the erstwhile comic turned legislator. For fucks sake, Franken is EXACTLY the sort of senator this country needs. He would be a great foil for the do-nothing assholes currently posing as Democrats.
As for Burris...well, Blagojevich has neither been convicted nor indicted and his (Burris) resume is rock solid. So, in the spirit of the Constitution, which does not allow any additional qualifications to be added to the job, let the man get to work. The pussy dems are hewing to the CNN party line and coming out against Blagojevich because of the public performance of a US Attorney General who has presented nothing other than politics as usual in his attempt to launch his career a la Elliott Ness.
I'm a lawyer and know full well that an accusation, unsupported by evidence, means shit. From what I hear on the new the US "attorney" has shit, by that I mean nothing, on the Illinois Governor. The whole thing sounds like a Republican plan to disrupt the government before King Obama takes office. Chicago, Whitewater, don't be fooled again! I love you all.
Tuesday, December 23, 2008
Ho Ho Ho

"Lawrence Livermore Laboratories has discovered the heaviest element yet known to science.
The new element, Governmentium (Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons, and 198 assistant deputy neutrons, giving it an atomic mass of 312.
These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called peons. Since Governmentium has no electrons, it is inert; however, it can be detected, because it impedes every reaction with which it comes into contact. A tiny amount of Governmentium can cause a reaction that would normally take less than a second, to take from 4 days to 4 years to complete.
Governmentium has a normal half-life of 2- 6 years. It does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places. In fact, Governmentium's mass will actually increase over time, since each reorganization will cause more morons to become neutrons, forming isodopes. This characteristic of morons promotion leads some scientists to believe that Governmentium is formed whenever morons reach a critical concentration. This hypothetical quantity is referred to as critical morass. When catalysed with money, Governmentium becomes Administratium, an element that radiates just as much energy as Governmentium since it has half as many peons but twice as many morons."
And remember to celebrate Christmas the way the Founding Fathers did, by getting blind drunk and beating people up. In the early 1800s, Christmas was, as one historian once noted, "like a nightmarish cross between Halloween and a particularly violent, rowdy Mardi Gras."
The founding fathers would no doubt be appalled by our obsession with lights, tinsel, singing chipmunks and revolving credit card balances. In fact, the U.S. government didn't even recognize Christmas as a holiday until 1870. Prior to that, Congress routinely met and conducted business on Christmas day. It was, in fact, just another workday.
Newspapers of the 19th century are filled with disturbing accounts of what Christmas was really like: widespread rioting, sexual assault, vandalism, drunkenness, street violence and general lawlessness. Most of these "traditions" were carried over from Europe, where, dating back to the Middle Ages, Christmas had been regarded by the wealthy classes as a safety valve for releasing the peasants' pent-up frustrations.
So peasants, release your inner frustrations! You have nothing to lose but your chains.
Wednesday, December 17, 2008
Here We Go Again...
Environmentalists are feeling burned. Kieran Suckling, executive director of Center for Biological Diversity, which tracks endangered species and habitat issues described Salazar as“[A] right-of-center Democrat who often favors industry and big agriculture in battles over global warming, fuel efficiency and endangered species. He is very unlikely to bring significant change to the scandal-plagued Department of Interior. It’s a very disappointing choice for a presidency which promised visionary change.”
So far Obama has failed to appoint a single progressive to any top cabinet level position. Liberals who were expecting anything more than another Republican-lite administration are going to be very disappointed. Cynics like me are reluctantly dusting off the “I told you so” and readying its imminent deployment.
Monday, December 15, 2008
Tooting my Own Horn
"(Why was the plan blocked? An e-mail message circulated among Senate Republicans declared that denying the auto industry a loan was an opportunity for Republicans to “take their first shot against organized labor.”)"
And so it goes.
Friday, December 12, 2008
The Sin of Wages
-Henry Ford
I feel like I have been living in the Twilight Zone the last few days. Will someone explain to me why is it fair to demand immediate cuts in wage and benefit packages for union workers, cuts that would amount to an average of 30% of a worker’s salary, without requiring similar cuts in the wage and benefit packages of the white collar employees and management? Kind of shows you what the real agenda is. And what about all those high-cost union jobs? The reality is that all new GM employees hired in the last year initially were brought on as temps or contract workers. If they eventually are hired on full-time, they make a whopping $14 per hour on the line with no full benefits for 2 years. How much more can the UAW give? Those wages are bullshit.
The biggest waste in that company is sitting in the CEO’s office. Wagoner got a 15 million dollar bonus for running GM into the ground yet he and the politicians are pointing the finger at the UAW. Please.
From the Times letters section: “For the last couple of weeks all one hears regarding the auto industry problem is the media drumbeat, "the unions", "labor", "the contracts", as if the workers who manage to make the only living wage left in the blue collar class are responsible for the complete lack of innovation or decent product design by an industry led by air-headed millionaires. It's not the fault of people making 40 bucks and hour with, OHMYGOD, health benefits and pensions who are at fault for the fact that Americans buy Hondas and Toyotas because they last, have few repair problems and get great gas mileage.” The UAW and its members have been fighting for years for a standard of living that allowed a middle class to flourish in America. Isn't that the American dream? Isn't it what we all want?
It is so much easier to blame the worker. For whatever reason, envy, jealousy, Americans identify more with those above them in the class structure. Plus, once you start blaming the system you are confronted with the reality that the (capitalist free-market) system has failed. This is frightening. Nevertheless it is a reality that has to be faced eventually. Clearly, our government & monetary system no longer work. It's time for re-invention, Thomas Jefferson style.