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Author: digby

Titanic Liars

by digby

Lookie what I got today:

The Peter G. Peterson Foundation is pleased to announce that its first national television ad will run on Sunday, February 22 as part of a $1 million-plus public education campaign aimed at raising awareness of America’s fiscal challenges. The awareness campaign was first announced at a February 5 Capitol Hill press conference by Foundation President and CEO David M. Walker, the former U.S. Comptroller General from 1998-2008, who was joined by Sens. Kent Conrad (D-N.D.) and George Voinovich (R-Ohio) and Reps. Jim Cooper (D-Tenn.) and Frank R. Wolf (R-Va.). The TV ad will air during Sunday morning public affairs programming in advance of President Barack Obama’s Fiscal Responsibility Summit on Monday, February 23. Additionally, as part of the awareness campaign, the Foundation will continue to advertise in The New York Times, The Washington Post, Politico, Roll Call, and other publications. Both the print and TV ads can be downloaded at: http://www.pgpf.org/newsroom/MainFeature/feb20/. The text of the TV ad is below: SMALL ICEBERG LOOMS UP, GOES PAST. Voiceover: “Everyone’s focused on the obstacles now facing our economy.” MUCH BIGGER ICEBERG LOOMS UP. IT IS HUGE. “But there’s a much larger threat: $56 trillion dollars in unfunded retirement and health care obligations, and the over-reliance on foreign lenders that endanger us all.” Screen Shot: $56 TRILLION Screen Shot: $483,000 PER U.S. HOUSEHOLD STEERING AWAY FROM ICEBERG. Screen Shot: BIPARTISAN COMMISSION “An action-oriented bipartisan commission would begin to steer us in the right direction.” FINAL SHOT OF CLEAR SEAS, BLUE SKY AHEAD, ICEBERGS NOW IN BACKGROUND. “America must chart a more responsible fiscal course, to navigate a brighter future for our children and grandchildren.”

Now, I know that the American people aren’t entirely fools. But that message is designed to confuse and obfuscate and convince people that our current problems have been caused by “unfunded” entitlements, running as it is right alongside Peterson’s convenient (and recent) emphasis on foreign investment. (You’ll notice that there’s no mention of the trillion dollar ongoing expenditures in the Iraq debacle.)

These people are going to be spending a lot of money to push this agenda. Maybe it will fail. I hope so. But I don’t think pretending that this isn’t a threat is a very smart position, nor do I think it’s wise to depend on the overwhelmed, month-old Obama administration to cleverly jiu-jitsu this without the left making it quite clear that they oppose it. If he doesn’t intend to barter away pieces of the safety net, it’s the left’s job to back him up. If he does, it’s our job to register our opposition. Either way, I think liberals should make noise about it. Peterson and his pals are very powerful and it doesn’t make sense to let them go unanswered out of sheer faith that the Obama administration’s somewhat confusing signals mean what we think they mean. Not to mention that the politics of this, and what they portend for the future, are potentially lethal.

At the very least, this fearmongering about “entitlements” is going to make universal health care much more difficult. Which is the point. Peterson has been leading a crusade for the past 30 years that’s made it impossible to necessarily expand the safety net, to the point where we now have 50 million people uninsured and many tens of millions more ready to go over the cliff. This isn’t just about social security. He wants to eliminate pensions for federal workers too. And medicare and medicaid. The man’s mission is to eliminate all “entitlements.” He’s not going to be on board any workable plan to provide health care to all Americans. It’s the antithesis of what he’s trying to do. (And yet, for some reason, Democrats always seem to love him. Go figure.)

You can’t just let him and his acolytes run around unanswered. They’ve been making things worse for average Americans for decades, largely because Democrats keep validating their premises.

Ian Welsh effectively rebuts the notion that the Orszag-Diamond plan to cut social security benefits is the liberal alternative. Breaking the generational compact has always been the necessary first step for the social security destroyers, and that’s what the Orszag-Diamond plan does.

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Strong Investment

by dday

This endless trial in Minnesota over their US Senate election is really working out well for the Republicans. Norm Coleman’s lawyers get to make any wild charge they want, contradicting themselves over what ballots should count and what shouldn’t, and in the meantime, the winner of the election, Al Franken, isn’t seated as the 59th Democratic Senator, making it harder to break the obstructionism and making the Senate more reliant on the Axis of Presidents Nelson and Collins. It’s a great little racket they’ve got going. So they decided to keep funding it.

The Republican National Committee has transferred $250,000 to the Minnesota GOP to help pay legal fees in Norm Coleman’s ongoing recount battle against Al Franken for the Minnesota Senate seat.

A spokesman for the RNC, Alex Conant, said the committee had made Coleman’s legal battle “a priority because we think he has a case and because we think he deserves to return to the Senate.” The money was transferred last month.

“We certainly appreciate the RNC’s commitment to Minnesota as we are continuing full speed ahead,” said Minnesota Republican Party spokeswoman Gina Countryman.

While the RNC cannot legally earmark funds for specific purposes, RNC sources said the deposit was made under the presumption that it would benefit Coleman’s campaign.

Later in the article it is noted that Coleman has raised $5 million dollars since the election to fund this gambit.

It’s amusing to see the RNC baldly say that they “deserve” the seat up there, but that’s not what’s going on. It’s just easy to keep making motions and keep calling witnesses while key legislation gets blocked in the Senate. And yes, one Senator does make a difference. Greg Sargent writes today:

One wild-card in the whole looming battle over the Employee Free Choice Act that’s gotten too little attention is this: When will Al Franken be seated as a Senator?

Labor officials say they’re reluctant to really kick off the battle over Employee Free Choice — a measure to make it easier to unionize that is labor’s top priority — until Franken is officially a member of the Senate.

Indeed, Minnesota’s other Senator, Amy Klobuchar, confirmed yesterday during an event in the state that the Senate has decided not to move on Employee Free Choice until Franken is seated, the Minnesota Post reports. If the House of Representatives pushes for the Senate to vote first on the measure, as expected, this could hold up the fight that much longer.

$250,000 or $5 million is a small price to pay for the Big Money Boyz to keep workers from forming unions. And in addition to gumming up the works for months upon months, they get to delegitmize the electoral process, as well as Al Franken’s claim to the seat. It’s a really nice investment for them. Better than anything in the stock market these days.

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Populism Tango Redux

by digby

Following up on my earlier post, I see that Jane Hamsher weighs in on Rick Santelli’s “angry white male” rant yesterday and she hits the nail on the head about what it was really all about.
(Be sure to read the whole post for a stunhning exchange between Joe Scarborough and Maria Bartiromo, and this one from MYDD as well.)

The underlying belief they all seem to share, and acknowledge in various ways, is that the cause of the current meltdown is that Maxine Waters made it easier for people of color to get home loans…[…]
Rick Santelli is just the explosive Id of CNBC, saying what everyone else thinks. Somehow it’s not the pervasive institutional rot, the criminal malfeasance at the highest levels, or the Chairman of the Federal Reserve telling Americans over and over again that housing prices would never go down. They have convinced themselves that the real problem is once again people at the absolute bottom of the economic scale. If they’d only used appropriate “judgment” and lived within their means, we’d all be fine.

And once again, there is no acknowledgment of the fact that the Republican domestic agenda during this entire decade was called “The Ownership Society.”
This was, I’m sorry to say, inevitable. It’s such an old story that I’m just surprised that it’s taken this long to come to the fore. Right wing populism always ends up blaming the darker people. (Immigration, which surprisingly didn’t take hold as an issue in the last election, will undoubtedly be part of this as well. It always is.)
Populism is a subject I used to write a lot about a few years back and it’s natural that it’s now bubbling up in all its different permutations. Economic troubles are always the impetus. Just this week we’ve seen that resurgence of the thinly veiled racist right wing populism with screaming Mimis like Santelli as well as the debate on the left between populism vs progressivism. Here’s a post I wrote back in 2005, which discussed some of these issues. At the time it was sort of mundane blogger musing for my own edification. I think it’s more relevant today:Via Daniel Munz, who’s pinch hitting over at Ezra’s place, I see that my old pal “Mudcat” Saunders is offering some more good advice to Democrats:

“Bubba doesn’t call them illegal immigrants. He calls them illegal aliens. If the Democrats put illegal aliens in their bait can, we’re going to come home with a bunch of white males in the boat.”

The thing is, he’s absolutely right. To put together this great new populist revival everybody’s talking about, where we get the boys in the pick-up trucks to start voting their “self-interest,” we’re probably going to need to get up a new nativist movement to go along with it. That’s pretty much how populism has always been played in the past, particularly in the south. Certainly, you can rail against the moneyed elites, but there is little evidence that it will work unless you provide somebody on the bottom that the good ole boys can really stomp. As Jack Balkin wrote in this fascinating piece on populism and progressivism:

History teaches us that populism has recurring pathologies; it is especially important to recognize and counteract them. These dangers are particularly obvious to academics and other intellectual elites: They include fascism, nativism, anti-intellectualism, persecution of unpopular minorities, exaltation of the mediocre, and romantic exaggeration of the wisdom and virtue of the masses.

Is it any wonder that the right has been more successful in recently in inflaming the populist impulse in America? They are not squeamish about using just those pathologies — and only those pathologies — to gain populist credibility in spite of a blatant lack of populist policy.

Populism can have a very close relationship to fascism and totalitarianism. Indeed, it may be essential. Despite Dennis Prager’s confused blather, it wasn’t the intellectual elites who fueled the Nazi movement; the intellectuals were purged, just as they were purged by Stalin, by Pol Pot and by Mao during the “cultural revolution” in China. These are the extreme results of a certain populist strain — or at least the misuse of populist thinking among the people. That Mao and Stalin were commies has nothing to do with it. Populism, in its extreme form, is inherently hostile to intellectualism.

That is not to say that populism is evil. It is just another political philosophy that has its bad side, as every philosophy does. Balkin describes it in great depth, but here’s a capsulized version:

The dual nature of populism means that political participation is not something to be forced on the citizenry, nor are popular attitudes some sort of impure ore that must be carefully filtered, purified, and managed by a wise and knowing state. From a populist standpoint, such attempts at managerial purification are paternalistic. They typify elite disparagement and disrespect for popular attitudes and popular culture. Government should provide opportunities for popular participation when people seek it, and when they seek it, government should not attempt to divert or debilitate popular will. An energized populace, aroused by injustice and pressing for change, is not something to be feared and constrained; it is the very lifeblood of democracy. Without avenues for popular participation and without means for popular control, governments become the enemy of the people; public and private power become entrenched, self-satisfied, and smug.

Progressivism, or modern liberalism, takes a distinctly different view:

Central to progressivism is a faith that educated and civilized individuals can, through the use of reason, determine what is best for society as a whole. Persuasion, discussion, and rational dialogue can lead individuals of different views to see what is in the public interest. Government and public participation must therefore be structured so as to produce rational deliberation and consensus about important public policy issues. Popular culture and popular will have a role to play in this process, but only after sufficient education and only after their more passionate elements have been diverted and diffused. Popular anger and uneducated public sentiments are more likely to lead to hasty and irrational judgments.

Like populists, progressives believe that governments must be freed of corrupting influences. But these corrupting influences are described quite differently: They include narrowness of vision, ignorance, and parochial self-interest. Government must be freed of corruption so that it can wisely debate what is truly in the public interest. Progressivism is less concerned than populism about centralization and concentration of power. It recognizes that some problems require centralized authority and that some enterprises benefit from economies of scale. Progressivism also has a significantly different attitude towards expertise: Far from being something to be distrusted, it is something to be particularly prized.

That sounds right to me. What a fine tribe it is, too. Balkin goes on, however:

What is more difficult for many academics to recognize is that progressivism has its own distinctive dangers and defects. Unfortunately, these tend to be less visible from within a progressivist sensibility. They include elitism, paternalism, authoritarianism, naivete, excessive and misplaced respect for the “best and brightest,” isolation from the concerns of ordinary people, an inflated sense of superiority over ordinary people, disdain for popular values, fear of popular rule, confusion of factual and moral expertise, and meritocratic hubris.

And there you see the basis for right wing populist hatred of liberals. And it’s not altogether untrue, is it? Certainly, those of us who argue from that perspective should be able to recognise and deal with the fact that this is how we are perceived by many people and try to find ways to allay those concerns. The problem is that it’s quite difficult to do.

In the past, the way that’s been dealt with has been very simple. Get on the bigotry bandwagon. In some ways, everybody wants to be an elitist, I suppose, so all you have to do is join with your brothers in a little “wrong” religion, immigrant or negro bashing. Everybody gets to feel superior that way.

There was a time when the Democratic party was populist/progressive — William Jennings Bryan was our guy. (He was also, if you recall, the one who argued against evolution in the Scopes trial.) He ran his campaigns against the “money changers” in New York City; the conventional wisdom remains that his Cross of Gold speech with it’s economic populist message was the key to his enormous popularity in the rural areas of the west, midwest and south. I would argue that it had as much to do with cultural populism and Lost Cause mythology.

Richard Hofstadter famously wrote that both populism and early progressivism were heavily fueled by nativism and there is a lot of merit in what he says. Take, for instance, prohibition (one of Bryan’s major campaign issues.)Most people assume that when it was enacted in 1920, it was the result of do-gooderism, stemming from the tireless work by progressives who saw drink as a scourge for the family, and women in particular. But the truth is that Prohibition was mostly supported by rural southerners and midwesterners who were persuaded that alcohol was the province of immigrants in the big cities who were polluting the culture with their foreign ways. And progressives did nothing to dispell that myth — indeed they perpetuated it. (The only people left to fight it were the “liberal elites,” civil libertarians and the poor urban dwellers who were medicating themselves the only way they knew how.) This was an issue, in its day, that was as important as gay marriage is today. The country divided itself into “wets” and “drys” and many a political alliance was made or broken by taking one side of the issue or another. Bryan, the populist Democrat, deftly exploited this issue to gain his rural coalition — and later became the poster boy for creationism, as well. (Not that he wasn’t a true believer, he was; but his views on evolution were influenced by his horror at the eugenics movement. He was a complicated guy.) And prohibition turned out to be one of the most costly and silly diversions in American history.

It is not a surprise that prohibition was finally enacted in 1920, which is also the time that the Ku Klux Klan reasserted itself and became more than just a southern phenomenon. The Klan’s reemergence was the result of the post war clamor against commies and immigrants. The rural areas, feeling beseiged by economic pressure (which manifested themselves much earlier there than the rest of the country)and rapid social change could not blame their own beloved America for its problems so they blamed the usual suspects, including their favorite whipping boy, uppity African Americans.

They weren’t only nativist, though. In the southwest, and Texas in particular, they were upset by non-Protestant immorality. According to historian Charles C. Alexander:

“There was also in the Klan a definite strain of moral bigotry. Especially in the Southwest this zeal found expression in direct, often violent, attempts to force conformity. Hence the southwestern Klansman’s conception of reform encompassed efforts to preserve premarital chastity, marital fidelity, and respect for parental authority; to compel obedience to state and national prohibition laws; to fight the postwar crime wave; and to rid state and local governments of dishonest politicians.” Individuals in Texas thus were threatened, beaten, or tarred-and-feathered for practicing the “new morality,” cheating on their spouses, beating their spouses or children, looking at women in a lewd manner, imbibing alcohol, etc.

Yeah, I know. The more things change, yadda, yadda, yadda. The interesting thing about all this is that throughout the 20’s the south was Democratic as it had always been — and populist, as it had long been. But when the Dems nominated Al Smith in 1928, many Democrats deserted the party and voted for Hoover. Why? Because Smith was an urban machine politican, a catholic and anti-prohibition. Texas went for Hoover — he was from rural Iowa, favored prohibition and was a Protestant. Preachers combed the south decrying the catholic nominee — saying the Pope would be running the country. Florida, North Carolina, and Virginia went Republican, too. Now, one can’t deny that the boom of the 20’s was instrumental in Hoover’s victory, but rural America had been undergoing an economic crisis for some time. However, then, like now, rural American populists preferred to blame their problems on racial and ethnic influences than the moneyed elites who actually cause them. It’s a psychological thing, I think.

(By 1932, of course, all hell had broken loose. Nobody cared anymore about booze or catholics or rich New Yorkers in the White House. They were desperate for somebody to do something. And Roosevelt promised to do something. Extreme crisis has a way of clarifying what’s important.)

So, getting back to Mudcat, what he is suggesting is a tried and true method to get rural white males to sign on to a political party. Bashing immigrants and elites at the same time has a long pedigree and it is the most efficient way to bag some of those pick-up truck guys who are voting against their economic self-interest. There seems to be little evidence that bashing elites alone actually works. And that’s because what you are really doing is playing to their prejudices and validating their tribal instinct that the reason for their economic problems is really the same reason for the cultural problems they already believe they have — Aliens taking over Real America — whether liberals, immigrants, blacks, commies, whoever. And it seems that rural folk have been feeling this way forever.

It’s a surefire way to attract those guys with the confederate flags that Mudcat is advising us is required if we are ever to win again. On the other hand, short of another Great Depression, how we keep together a coalition of urbanites, liberals, ethnic minoritites and nativist rural white men, I don’t quite get. Nobody’s done it yet.

*I should be clear here and note that Jack Balkin does not necessarily endorse my views on nativism and populism in his paper. He notes that there has been some revision of Hofstadter’s analysis and that some scholars have found substantial regional differences among rural populists. I agree to the extent that I think this is a much more salient aspect of populism in the south. But history leads me to agree with Hofstadter that nativism and racism are powerful populist impulses pretty much everywhere. It may change colors and creeds, but it’s always there.

Balkin does point out some of the difficulties in creating a coalition of progressives and populists and suggests that academics in particular have a hard time because they really are, well, intellectual elites. It’s interesting. One of the more intriguing things his thesis alludes to is that the crusade against popular culture may be the least populist thing we could undertake. The rural populists really don’t like the liberal elites telling them what’s good for them.

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Eliminationists

by digby

Yep:

“Obama is a radical communist and I think it is becoming clear. That is what I told people in Illinois and now everybody realizes it is coming true. He is going to destroy this country and we are either going to stop him or the United States of America is going to cease to exist,” – Alan Keyes.

He’s not just a communist. He’s a radical communist, which is saying something.Keyes is a clown, but that doesn’t mean he should be ignored. As Andrew Sullivan writes:

This is the rhetoric one has to be aware of: Limbaugh’s “they must be stopped”; and here, with Keyes, “we are either going to stop him or the United States of America is going to cease to exist.” Limbaugh prefaces his statement by saying within constitutional means, but Keyes is not so careful. If they are whipping up this kind of hatred now, after a month, and describing this as a question of “stopping” Obama or losing America, then the next few years of depression are going to be scary.

Politics are always full of hyperbole and this kind of talk isn’t all that shocking in and of itself. But as Sullivan points out, these aren’t normal times. This kind of rhetoric is particularly toxic right now because we have a tremendous amount of stress among the population that’s going to get worse. The fact that Obama is African American and a Democrat — and the people who are likely to blame him for their problems are right wing gun nuts — creates some special dangers.Dave Neiwert has a new book coming out about this called The Eliminationists: How Hate Talk Radicalized the American Right which I’ll be reviewing here soon. Sadly, I think his work is going to be a necessary resource over the next few years.

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The Highest Broderism

by dday

David Broder’s paean to bipartisanship yesterday was pretty funny. Funny in an “what version of Earth in the DC multiverse is this guy living on” fashion.

Some consider Obama’s wooing of Republicans a rookie mistake, a measure of his naivete. Others focus on the Republicans and fault them for obduracy in denying Obama all but three of their votes on the stimulus bill. The critics agree that the effort at bipartisanship should end.

I hope Obama isn’t listening. It’s the worst advice he has received.

It starts from a false premise: that the stimulus bill proves the failure of outreach to Republicans. In fact, had Obama not negotiated successfully with Republican Sens. Susan Collins, Olympia Snowe and Arlen Specter and met most of their terms, his bill would have died. This was a success for bipartisanship, not a failure.

Morone’s history also is false. To prove that bipartisanship has never existed, he has to skip over Harry Truman’s success with a Republican Congress on the Marshall Plan, Lyndon Johnson’s forging the great civil rights acts with Sen. Everett Dirksen and Rep. Bill McCulloch, and Ronald Reagan’s steering his first budget and tax bill through a Democratic House.

But the real reason Obama should ignore this advice is that he will need Republican votes to pass the remaining parts of his program. When it comes to energy, regional and commodity interests will inevitably divide the Democrats. They always do. Oil, coal, natural gas and consumer groups will exert their will. If Obama writes off the Republicans in advance, he will end up with a watered-down bill — or nothing.

It’s useless to argue with Broderella, but nevertheless…

Never mind the fact that he has to go far back in history, when Dixiecrats still existed and the parties were ideologically jumbled, to prove his fantasy. He really manages to define bipartisanship in this one, doesn’t he? Meeting most of the terms enforced by conservatives is the new working definition. And he demands that the President give in to the terms of Republicans in the same way to pass his agenda.

Is Broder aware of the modern conservative rump faction that includes about 90-95% of elected Republicans in Washington? Their spiritual leader Rush Limbaugh said yesterday that trying to understand a Democrat is like trying to understand a murderer or a rapist. Their favorite son Jim DeMint’s plan for economic recovery is to do nothing, stand still and hope everything magically bounces back. Their top legislative agenda consists of cherry-picking pieces of stimulus spending to prove that the entire bill is wasteful, a project they have ANNOUNCED TO THE MEDIA IN ADVANCE.

The parties disagree. These days they violently disagree. And the public has pretty much made their decision on who to support.

According to a new AP poll, voters are assigning blame to gridlock — and they’re blaming Republicans. Asked whether Obama was doing enough to cooperate with the Republicans, 62 percent said he was. Asked if the Republicans were doing enough to cooperate with Obama, 64 percent said they weren’t.

Republicans now run the risk of being blamed for their own irrelevance. The stimulus bill passed without their votes and that’s being seen as evidence of their intransigence, not Obama’s. Bipartisanship is being measured by through the evident intention’s of the players, not the final tally on the bill. If this normalizes — if Americans begin to expect that the GOP won’t cooperate and so Obama can’t be expected to win their votes — you’ll have a situation where Obama can reach out to them on entirely on his terms because it doesn’t matter if the outreach actually succeeds. If the President asked Mithc McConnell to help him pass Medicare-for-All, it’s hardly the President’s fault if McConnell refuses. And that will lead the GOP totally, and unsympathetically, marginalized.

In fact, Republicans are starting to actually be blamed for their own policy ideas, and are desperately trying to run away from them. Jim Tedisco, the candidate in the New York Congressional special election to replace Sen. Gillibrand, refuses to answer the question of whether or not he supports the stimulus even though the answer is obvious. Rep. Joseph Cao, who beat Dollar Bill Jefferson in Louisiana, is now facing a potential recall as a cause of his vote against the stimulus. This is not a function of whether one side or the other is bipartisan enough, it’s that the public has generally discovered that they really don’t like Republicans.

Parties disagree. They have a particular platform and they are expected to uphold it. The electorate looks at each side and makes a decision. If they don’t like the results they can choose the alternative later. It’s called democracy. I don’t think David Broder believes in it.

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War Games

by digby

The press is even punking the press these days. This time it’s not coming from the intelligence community, but rather the Pentagon the other hostile conservative bureaucracy.

Joe Klein:

[News of the new troop deployment to Afghanistan] comes two days after the usually reliable David Cloud of Politico reported that Obama was holding off on a troop decision. I linked to that story and feel foolish for doing so. In fact, there’s been a steady stream of unreliable leaks coming out of the Pentagon–about troop levels, about the Defense budget–that seem to be emanating from a cadre that opposes the Obama Administration…

As predicted, factions within both the CIA and the Pentagon want to continue Bush policies. They also want to put the new president off balance. (They do that with Democrats.)

From the looks of things, the intelligence bureaucracy has at least partially succeeded. I would guess that if you look at the specific issues on which they’ve already compromised or hedged, you’ll see where the spooks feel most vulnerable. (I’m guessing the extraordinary rendition is one such policy, considering the administration’s startling reversal on the use of state secrets.)

The Pentagon, however, is different kettle of fish. I can’t imagine that the administration is going to allow themselves to be manipulated. There can’t be a person there who isn’t aware of the pitfalls of such folly. But it does mean that we are going to have to question everything, including that coming from the administration, since there is obviously a battle going on behind the scenes regarding the escalation.

Klein is properly skeptical:

The President’s decision send 17,000 more troops to Afghanistan is troubling on several grounds:

1. We don’t have a policy there yet. We don’t know what the goal is–or how we’re going to deal with the Pakistan part of the equation (which is where the more serious military issues lie), or the corruption of the Karzai government.

But I think he should write a story about this Pentagon faction that’s trying to undermine the president, don’t you?

Update: Speaking of lessons learned, this commentary by Joseph Galloway is sobering: Afghanistan has the smell of South Vietnam in 1965.

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The Return Of The Silent Majority

by dday

This video of Rick Santelli ranting at the Chicago Board of Trade about how hard-working Murcans have to pay the price for those “losers” facing foreclosure has been making the rounds. It was obvious that this would be the conservative response to Obama’s housing plan. Since the bubble popped, the intimation has been that the government put a gun to the head of the banks to lend to poor people (just say the word, why don’t you) who then made bad decisions with their money, and now the responsible people have to bail them out.

The government is promoting bad behavior… I’ll tell you what, I have an idea. The new Administration’s big on computers and technology. How about this, President and new Administration, why don’t you put up a Web site to have people vote on the Internet as a referendum to see if we really want to subsidize the loser’s mortgages, or would we like to at least buy cars and buy houses in foreclosure and give them to people who might have a chance to actually prosper down the road and reward people who actually carry the water instead of drink the water…

He gets a standing ovation from the traders at that point, and then he asks them if they want to pay for their neighbor’s mortgages, and they boo. Then he goes off about how Cuba used to have mansions and when they went “from the individual to the collective, they started driving ’54 Chevys.” It’s right-wing backlash stuff at its absolute best.

Lost from this complaint is the plain fact of predatory lending, that lenders got cash rebates to put people in crappy, high-interest mortgages, that they hid terms of the agreement and denied disclosure, and that all of those hardworking folks are seeing their property values plummet as a result of millions of foreclosed homes glutting the market. To the tune of $6 trillion dollars in home value.

But I digress. The more interesting part of the video is the part where he calls his buds on the trading floor part of “the silent majority.”

These guys are pretty straightforward, and my guess is, a pretty good statistical cross-section of America, the silent majority.

This is all starting to sound very familiar. Paging Rick Perlstein

It’s also obvious that traders on the floor of the Chicago Board of Trade are clearly the new face of the average lunch-pail working stiff, isn’t it?

The revolution has begun. These workaday stock traders are going to take back this country for the laissez-faire capitalists who are entitled to it.

…more from Ryan Chittum.

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Clevah

by digby

Hamsher has an update about the “Fiscal Responsibility Summit” that indicates to me that the administration is working on the fly. I think that the stuff we heard about the plan being the result of a small group within the White House operating without input in changing circumstances is the most likely explanation for why this thing is such a train wreck. Apparently, the story is changing from minute to minute, even about who’s speaking at this thing and who is attending.

There’s a big summit on “fiscal responsibility” happening on Tuesday that nobody knows almost anything about. Yesterday numerous sources in the health care policy world confirmed that the administration told them (again off the record) that Pete Peterson and Laura Tyson would be keynote speakers, and now both are saying they won’t be speaking. According to the WSJ Obama told the Blue Dogs they had his permission to pursue legislation to create a panel whose recommendations on “long term deficit strains” would be subject to an up-or-down vote of Congress, and after Congressional leadership pitched a fit, that seems to be off the table too. But what are they going to talk about at this summit, and who is invited?

On a conference call today arranged by Campaign for America’s Future that included Roger Hickey, Jamie Galbraith, Nancy Altman and Dean Baker, Roger said that several of them had been told they might be invited to the summit, but no formal invitation had been issued yet (though Pete Peterson has his invitation). And while they had initially been told that the summit would address Social Security, Medicare and Medicaid (which Ezra claims Orszag is desperately trying to separate), now they’re hearing from administration sources that nobody is sure.

This is not the circumstance under which you want to meet with billionaires who have spent decades organizing for just such a moment. They know what they want down to the last penny. They have their marketing slogans all worked out. They have their “bipartisan” advocates. They have the villagers and the media, all believing one, simple thing: that the government is going broke because of “entitlement” spending. You don’t face people like this not knowing exactly what it’s about and what you hope to get out of it. It’s not a friendly game of Twister. It’s a death match.

Changing the term “entitlement reform” to mean “health care reform” may seem very,very clever I speculated that was their plan weeks ago. But I wouldn’t count on it working. This is an extremely complicated thing to do and I can’t say that I have seen any indication that the White House is prepared to carry out something so clever just yet. There’s still quite a big learning curve there. Indeed, from the way it looks to me, there is a far better chance they are about to get punk’d by the Blue Dogs and the Fiscal Scolds into making a “Grand Bargain” that cuts the safety net just a tiny bit less than Pete Peterson wants them to. That doesn’t seem too clever to me.

As Jamie Galbraith indicated, we are looking at a full-on economic meltdown right now and the last thing they need to do is start talking about “entitlement reform,” whatever they want the word to mean. To any sentient person over the age of 40 it means cutting social security and that’s the last thing they should be talking about in the middle of a recession. It’s not good economics and it isn’t good politics. Fuggedaboudit.

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No More

by digby

Somebody, please, please stop these idiotic little twerps from writing this crap. I just can’t stand it any more. Here’s Jamison Foser at County Fair:

Politico’s Glenn Thrush, seeing a news report that Hillary Clinton said she likes the Rolling Stones and the Beatles, “decided to fact-check.”

What would make him decide to fact-check the unremarkable statement by a baby boomer that she likes the two most popular band in the history of the world — bands that took the world by storm during her teen years?

Thrush explains:

We decided to fact-check, remembering the ambiguities that swirled around Yankees vs. Cubs, Dubai Ports World and Bosnian snipers.

Look at that first example: “Yankees vs. Cubs.” Let’s be clear here: The only “ambiguities” that swirled around Hillary Clinton’s comments about the Yankees and the Cubs came in the form of reporters and political opponents lying about Hillary Clinton.

Anyway, because a bunch of people lied about Hillary Clinton, Glenn Thrush — who doesn’t indicate that the Yankees/Cubs flap was a made-up smear perpetrated by his colleagues — decided to “fact-check” Clinton’s claim to like the Stones and the Beatles.

Thrush’s fact-checking is an absurd waste of time, premised on previous lies about Hillary Clinton. And it isn’t even an original absurd waste of time. We’ve been down this road before. And it doesn’t go anywhere good.

Foser goes on to remind us a previous sickening case of the trivia police hounding Clinton over her musical tastes, insisting that should couldn’t possibly listen to both the Beatles and the Stones. She’s “calculating” dontcha know. (I’m sure you all recall that the bitch is so calculating that when she calculates how much cleavage she needs to show to pass legislation.)

I don’t know what Hillary Clinton ever did to you boys, but get over it. There’s lots to write about these days. Knock it off.

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Skin Game

by digby

I agree with Jane on this. When did the “liberal” position become “modest tax hikes and benefit cuts on social security” are necessary? That’s just not true. In fact, according to most progressive economists, social security benefits need to be raised. (And after watching this rather huge loss of retirement wealth in the past year, I would think that it’s politically unthinkable to even whisper about lowering benefits at this point.)

I have been saying for some time now that I guessed the administration was going to try to use “entitlement reform” as a way to get to health care. I just don’t think they’ll succeed. The whole point of the villagers “Grand Bargain” is for liberals to have “skin in the game” and the Blue Dogs and Fiscal Scolds want that skin to be the wrinkled epidermis of the social security retirees. They are committed, with many millions of dollars behind them to the destruction of social security. Buying into their “entitlement” theme in any way is playing with fire.

I wrote yesterday that I think this may be a hangover from the transition before they realized the full extent of the economic meltdown — or the political opposition. Let’s hope they realize now just how out of step this is and rethink the idea of using “entitlement reform” as their frame for health care reform. There are better ways to do it that doesn’t put social security on the table as part of the bargain.

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