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Kleptocracy Now: A Top 1% List

History never repeats (I tell myself before I go to sleep)

– Split Enz

Thankfully, I was between gulps of coffee when I espied this tidbit on X (re-posted by Digby)…otherwise I would have done an involuntary spit take all over my Cocoa Puffs:

“Wait a minute…that has to be a parody account,” I thought to myself. But nope, that is from the actual Bill Kristol, neoconservative writer and commentator. He was (in his words) “provoked” into sharing that observation after “reading a couple articles about Davos.”

I suspect it’s not just the shenanigans this past week at the World Economic Forum that prompted this magical trip to the other side of the wardrobe, but the all-too-real *possibility* of history repeating itself this November (do I need to spell it out?). I pray (as fervently as an agnostic can) that “it” doesn’t happen again…but in our heart of hearts, you and I both know that it could.

With that in mind, I thought I’d revisit a “top 10 list” I originally posted on the eve of Inauguration Day 2017, which contains bellwethers that may need to be heeded once again. With my childlike grasp of investment strategies, the best tip I can give is: go long on Hope.

(The following was originally published on Hullabaloo on January 14, 2017)

“To assess the ‘personality’ of the corporate ‘person’ a checklist is employed, using diagnostic criteria of the World Health Organization and the standard diagnostic tool of psychiatrists and psychologists. The operational principles of the corporation give it a highly anti-social ‘personality’: it is self-interested, inherently amoral, callous and deceitful; it breaches social and legal standards to get its way; it does not suffer from guilt, yet it can mimic the human qualities of empathy, caring and altruism.”

– from the official website for the film, The Corporation

I don’t know about you, but my jaw is getting pretty sore from repeatedly dropping to the floor with each successive cabinet nomination by our incoming CEO-in-chief of the United States of Blind Trust. It seems that candidate Trump, who ran on an oft-bleated promise to “drain the swamp” in Washington D.C. bears little resemblance to President-elect Trump, who is currently hell-bent on loading the place up with even more alligators.

When I heard the name “Rex Tillerson” bandied about as Trump’s pick for Secretary of State, it rang a bell. I knew he was the former head of Exxon, so it wasn’t that. Then I remembered. Mr. Tillerson was one of the “stars” of a documentary I reviewed several years back, called Greedy Lying Bastards (conversely, if I hear the words “greedy lying bastards,” bandied about, “Trump’s cabinet picks” is the first phrase that comes to mind).

So with that in mind, and in keeping with my occasional unifying theme, “Hollywood saw this coming”, I was inspired to comb my review archives of the last 10 years to see if any bellwethers were emerging that may have been dropping hints that the planets were aligning in such a manner as to set up a path to the White House for an orange TV clown (the “self-interested, inherently amoral, callous and deceitful” kind of orange TV clown).

All 10 of these films were released within the last 10 years. I’ll let you be the judge:

The Big Short Want the good news first? Writer-director Adam McKay and co-scripter Charles Randolph’s adaptation of Michael Lewis’ eponymous 2010 non-fiction book is an outstanding comedy-drama; an incisive parsing of what led to the crash of the global financial system in 2008. The bad news is…it made me pissed off about it all over again.

Yes, it’s a bitter pill to swallow, this ever-maddening tale of how we stood by, blissfully unaware, as unchecked colonies of greedy, lying Wall Street investment bankers were eventually able to morph into the parasitic gestalt monster journalist Matt Taibbi famously compared to a “…great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Good times!  (Full review)

Capitalism: A Love Story – Back in 2009, Digby and I did a double post on this film, which was Michael Moore’s reaction to the 2008 crash. Here’s how I viewed his intent:

So how did we arrive to this sorry state of our Union, where the number of banks being robbed by desperate people is running neck and neck with the number of desperate banks ostensibly robbing We The People? What paved the way for the near-total collapse of our financial system and its subsequent government bailout, which Moore provocatively refers to as nothing less than a “financial coup d’etat”? The enabler, Moore suggests, may very well be our sacred capitalist system itself-and proceeds to build a case (in his inimitable fashion) that results in his most engaging and thought-provoking film since Roger and Me […] at the end of the day I didn’t really find his message to be so much “down with capitalism” as it is “up with people”.

Digby gleaned something else from the film that did a flyover on me at the time:

But this movie, as Dennis notes, isn’t really about saviors or criminals, although it features some of both. It’s a call for citizens to focus their minds on what’s actually gone wrong and take to the streets or man the barricades or do whatever defines political engagement in this day and age and demand that the people who brought us to this place are identified and that the system is reformed. Indeed, I would guess that if it didn’t feature the stuff about capitalism being evil he could have shown this to audiences of all political stripes and most of the latent teabaggers would have given him a standing ovation.

If the film manages to focus the citizenry on the most important story of our time then it will be tremendously important. If it gets lost in a cacophony of commie bashing and primitive tribalism then it will probably not be recognized for what it is until sometime later. As with all of his films, he’s ahead of the zeitgeist, so I am hopeful that this epic call to leftwing populist engagement is at the very least a hopeful sign of things to come.

She called it. “Someone” did tap into that populist sentiment; but sadly, it wasn’t the Left. (Full review)

The Corporation – While it’s not news to any thinking person that corporate greed and manipulation affects everyone’s life on this planet, co-directors Mark Achbar and Jennifer Abbott deliver the message in a unique and engrossing fashion. By applying a psychological profile to the rudiments of corporate think, Achbar and Abbott build a solid case; proving that if the “corporation” were corporeal, then “he” would be Norman Bates.

Mixing archival footage with observations from some of the expected talking heads (Michael Moore, Noam Chomsky, etc.) the unexpected (CEOs actually sympathetic with the filmmakers’ point of view) along with the colorful (like a “corporate spy”), the film offers perspective not only from the watchdogs, but from the belly of the beast itself. Be warned: there are enough exposes trotted out here to keep conspiracy theorists, environmentalists and human rights activists tossing and turning in bed for nights on end.

The Forecaster – There’s a conspiracy nut axiom that “everything is rigged”. Turns out it’s not just paranoia…it’s a fact. At least that’s according to this absorbing documentary from German filmmaker Marcus Vetter, profiling economic “forecaster” Martin Armstrong. In the late 70s, Armstrong formulated a predictive algorithm (“The Economic Confidence Model”) that proved so accurate at prophesying global financial crashes and armed conflicts, that a shadowy cabal of everyone from his Wall Street competitors to the CIA made Wile E. Coyote-worthy attempts for years to get their hands on that formula.

And once Armstrong told the CIA to “fuck off”, he put himself on a path that culminated in serving a 12-year prison sentence for what the FBI called a “3 billion dollar Ponzi scheme”. Funny thing, no evidence was ever produced, nor was any judgement passed (most of the time he served was for “civil contempt”…for not giving up that coveted formula, which the FBI eventually snagged when they seized his assets). Another funny thing…Armstrong’s formula solidly backs up his contention that it’s the world’s governments running the biggest Ponzi schemes…again and again, all throughout history.

And something tells me that we ain’t seen nuthin’ yet…

Greedy Lying Bastards – I know it’s cliché to quote Joseph Goebbels, but: “If you repeat a lie often enough, it becomes the truth.” That’s the theme of Craig Rosebraugh’s 2013 documentary. As one interviewee offers: “On one side you have all the facts. On the other side, you have none. But the folks without the facts are far more effective at convincing the public that this is not a problem, than scientists are about convincing them that we need to do something about this.” What is the debate in question here? Global warming.

Using simple but damning flow charts, Rosebraugh follows the money and connects dots between high-profile deniers (“career skeptics…in the business of selling doubt”) and their special interest sugar daddies. Shills range from media pundits (with no background in hard science) to members of Congress, presidential candidates and Supreme Court justices. Think tanks and other organizations are exposed as mouthpieces for Big Money.

Sadly, the villains outnumber the heroes-which is not reassuring. What does reassure are suggested action steps in the film’s coda…which might come in handy after January 20th. (Full review)

Inside Job I have good news and bad news about documentary filmmaker Charles Ferguson’s incisive parsing of what led to the crash of the global financial system in 2008. The good news is that I believe I finally grok what “derivatives” and “toxic loans” are. The bad news is…that doesn’t make me feel any better about how fucked we are.

Ferguson starts where the seeds were sown-rampant financial deregulation during the Reagan administration (“morning in America”-remember?). The film illustrates, point by point, how every subsequent administration, Democratic and Republican alike, did their “part” to enable the 2008 crisis- through political cronyism and legislative manipulation. The result of this decades long circle jerk involving Wall Street, the mortgage industry, Congress, the White House and lobbyists (with Ivy League professors as pivot men) is what we are still living with today…and I suspect it is about to get unimaginably worse.  (Full review)

The International Get this. In the Bizarro World of Tom Tykwer’s conspiracy thriller, people don’t rob banks…. banks rob people. That’s crazy! And if you think that’s weird, check this out: at one point in the film, one of the characters puts forth the proposition that true power belongs to he who controls the debt. Are you swallowing this malarkey? The filmmakers even go so far as to suggest that some Third World military coups are seeded by powerful financial groups and directed from shadowy corporate boardrooms…

What a fantasy! (Not.)

The international bank in question is under investigation by an Interpol agent (Clive Owen), who is following a trail of shady arms deals all over Europe and the Near East that appear to be linked to the organization. Whenever anyone gets close to exposing the truth about the bank’s Machiavellian schemes, they die under mysterious circumstances. Once the agent teams up with an American D.A. (Naomi Watts), much more complexity ensues, with tastefully-attired assassins lurking behind every silver-tongued bank exec.

The timing of the film’s release (in 2010) was interesting, in light of the then-current banking crisis and plethora of financial scandals. Screenwriter Eric Singer (no relation to the KISS drummer) based certain elements of the story on the real-life B.C.C.I. scandal.   (Full review)

The Queen of Versailles In Lauren Greenfield’s 2012 doc, billionaire David Siegel shares an anecdote about his 52-story luxury timeshare complex in Vegas. In 2010, Donald Trump called him and said, “Congratulations on your new tower! I’ve got one problem with it. When I stay in my penthouse suite, I look out the window and all I see is ‘WESTGATE’. Could you turn your sign down a little bit?” (how he must have suffered).

While Greenfield’s portrait of Siegal, his wife Jackie, their eight kids, nanny, cook, maids, chauffeur and (unknown) quantity of yippy, prolifically turd-laying teacup dogs is chock full of wacky “you couldn’t make this shit up” reality TV moments, there is an elephant in the room…the family’s unfinished Orlando, Florida mansion, the infamous “largest home in America”, a 90,000 square foot behemoth inspired by the palace at Versailles. Drama arises when the bank threatens to foreclose on it, along with the PH Towers Westgate. So does the family end up living in cardboard boxes? I’m not telling.

However, there is a more chilling message, buried near the end of the film. When Siegel boasts he was “personally responsible” for the election of George W. Bush in 2000, the director asks him to elaborate. “I’d rather not say,” he replies, “…because it may not necessarily have been legal.” Any further thoughts? “Had I not stuck my big nose into it, there probably would not have been an Iraqi War, and maybe we would have been better off…I don’t know.” Gosh, imagine a billionaire having the power to “buy” the POTUS of their choice. Worse yet, imagine a similarly odious billionaire becoming the POTUS. Oh.   (Full review)

Welcome to New York While it is not a “action thriller” per se, Abel Ferrara’s film is likewise “ripped from the headlines”, involves an evil banker, and agog with backroom deals and secret handshakes. More specifically, the film is based on the Dominique Strauss-Kahn scandal. In case you need a refresher, he was the fine fellow who was accused and indicted for an alleged sexual assault and attempted rape of a maid employed by the ritzy NYC hotel he was staying at during a 2011 business trip. The case was dismissed after the maid’s credibility was brought into question (Strauss-Kahn later admitted in a TV interview that a liaison did occur, but denied any criminal wrongdoing).

I’m sure that the fact that Strauss-Kahn was head of the International Monetary Fund at the time (and a front-runner in France’s 2012 presidential race) had absolutely nothing to do with him traipsing out from the sordid affair smelling like a rose (2024 sidebar: Umm…)

It is interesting watching the hulking Gerard Depardieu wrestle with the motivations (and what passes as the “conscience”) of his Dostoevskian character. It doesn’t make this creep any more sympathetic, but it is a fearless late-career performance, as naked (literally and emotionally) as Marlon Brando was playing a similarly loathsome study in Last Tango in Paris. Jacqueline Bisset gives a good supporting turn as the long-suffering wife.   (Full review)

The Yes Men Fix the World – Anti-corporate activist/pranksters Andy Bichlbaum and Mike Bonanno (aka “The Yes Men”) and co-director Kurt Engfehr come out swinging, vowing to do a take-down of a powerful nemesis…an Idea. If money makes the world go ‘round, then this particular Idea is the one that oils the crank on the money-go-round, regardless of the human cost. It is the free market cosmology of economist Milton Friedman, which the Yes Men posit as the root of much evil in the world.

Once this springboard is established, the fun begins. Perhaps “fun” isn’t the right term, but there are hijinks afoot, and you’ll find yourself chuckling through most of the film (when you’re not crying). However, the filmmakers have a loftier goal than mining laughs: corporate accountability; and ideally, atonement. “Corporate accountability” is an oxymoron, but one has to admire the dogged determination (and boundless creativity) of the Yes Men and their co-conspirators, despite the odds. It’s a call to activism that is as timely as ever.   (Full review)

Previous posts with related themes:

The Wolf of Wall Street

Capital in the 21st Century

Dark Money

Michael Clayton

There Will Be Blood

More reviews at Den of Cinema

— Dennis Hartley

The Trump Character Assassination Squad On The Move

Roger Stone must be proud

In case you were wondering who the guy is who’s pushing this scandal about Fani Willis having an affair with her co-prosecutor, it’s this guy. (Article from 2016)

Donald Trump’s “election protection” effort will be run by Mike Roman, a Republican operative best known for promoting a video of apparent voter intimidation by the New Black Panthers outside a polling place in 2008.

Roman is to oversee poll-watching efforts as Trump undertakes an unprecedented effort by a major party nominee by calling into question the legitimacy of the popular vote weeks before election day.

The Republican nominee has insisted, without evidence, that dead people and undocumented immigrants are voting in the United States.

Trump has long claimed that the 2016 election is rigged but has amplified his claims of voter fraud in recent days. On Monday he tweeted: “Of course there is large scale voter fraud happening on and before election day. Why do Republican leaders deny what is going on? So naive!” In particular Trump claimed in an interview with Fox News that voter fraud was rampant in cities including Philadelphia, St Louis and Chicago after long warning vaguely about fraud in “certain communities”.

Multiple sources have confirmed to the Guardian that Roman, who also previously ran the Koch network’s now defunct internal intelligence agency, will oversee the Trump campaign’s efforts to monitor polling places for any signs of voter fraud.

Roman is best known for his role in promoting a video that showed two members of the New Black Panthers – a fringe group that claims descent from the 1960s radicals – standing outside a Philadelphia polling place dressed in uniforms, with one carrying a nightstick. Police are called and the two men leave.

A justice department investigation into the incident – filed in the weeks before George W Bush left office – became a political football that divided career lawyers within the justice department. The incident was repeatedly cited as evidence of Democrats setting out to harm the election process.

The case was eventually dropped but not before it became a conservative cause célèbre. As Rick Hasen, a election law professor at the University of California, Irvine, said: “It was one of the most retold stories on Fox News and the right for years and took on almost mythical status as evidence of thuggery by Democrats to harm the voting process.”

It’s important to always remember that Trump didn’t invent this election fraud BS. The Republicans have been pushing this crap for decades. He’s just the first to make a profit at it.

Roman worked in the White House and was was indicted in the Georgia case which is how he’s involved in this Fanni Willis scandal.

Roman is facing seven charges in connection with the DA office’s investigation into alleged interference in Georgia’s 2020 presidential election, including a violation of the Georgia RICO Act, conspiracy to impersonate a public officer, conspiracy to commit forgery in the first degree, and conspiracy to commit false statements and writing.

I think we know what kind person this is, don’t we? He’s a racist ratfucker and political assassin. The perfect Trump staffer.

Is Reality Finally Biting?

It should be good news for Biden. Generally presidents benefit from good economic “vibes.” But who knows? He’s old so they may just hate him no matter the reality.

It appears Americans are finally feeling better about the economy.

Consumer sentiment, a window into the nation’s financial mood, jumped 13 percent in January to its highest level since mid-2021, reflecting optimism that inflation is easing and incomes are rising, according to a closely watched survey by the University of Michigan. Since November, consumer sentiment has risen 29 percent, marking the largest two-month increase in more than 30 years.

Gas prices, often a key driver of sentiment, have fallen 40 percent since June 2022, to just over $3 a gallon. Weekly jobless claims are at their lowest level in more than a year. Sales of cars, clothing and sporting goods all picked up during the holidays, as consumers felt confident enough to keep spending.

Meanwhile, the stock market is surging to new records, with the S&P 500 closing at an all-time high on Friday.

Many are hopeful, too, that interest rates have peaked and the Federal Reserve may begin to cut them this year, which would make it cheaper to borrow for a range of items, including cars and homes.

“We’re seeing a continuation of the surge in sentiment we saw at the end of last year,” said Joanne W. Hsu, an economist at the University of Michigan and director of its consumer surveys. “If anyone was wondering, ‘Was December a fluke?,’ it is absolutely clear now that it wasn’t. This is a sign that consumers are feeling better. Their confidence has come back.”

That jump is fueling hope that the U.S. economy — and Americans’ perception of it — may be turning a corner after months of inflation-related unease. Rising sentiment among both Democrats and Republicans comes at a critical moment for the Biden administration, which has struggled to convince voters that its economic policies are making their lives better ahead of November’s presidential election.

“At a cerebral level, voters may still say Biden mismanaged the economy,” said Tobin Marcus, head of U.S. policy and politics at Wolfe Research and an economic policy staffer to Vice President Joe Biden during the Obama administration. “But the dissipation of their really intense personal dissatisfaction with the economy still really helps at the level of the political context.”

They may feel that Joe Biden mismanaged the economy because the Republicans waged a ,multi-decade propaganda campaign, stemming from Jimmy Carter’s unfortunate term, to convince people that Republicans are good on the economy and Democrats are bad. The opposite is true.

Biden is even doing better than St. Ronnie Reagan in his first 3 years recovering from massive economic disruption:

Biden’s inflation rate, by the way is now

Comer’s Cutesy Cherry Picking

Philip Bump did a necessary deep-dive into James Comer’s mendacity about those transcripts. It’s truly astonishing that they are able to get away with this:

One of the arguments offered by attorneys for President Biden’s son Hunter when responding to a subpoena from the House Oversight Committee for a closed-door deposition was that the committee had shown a pattern of cherry-picking what would be presented to the public.

This is unquestionably true. Over and over and over and over and over, committee Chairman James Comer (R-Ky.) has made debunked and unsubstantiated public statements that cast the president and/or his son as dishonest or has rushed to release unsubstantiated claims or information that similarly collapse under scrutiny. The first year of his investigation into the Bidens made extremely little progress as a result — except where it matters, in the right-wing media universe.

Clearly, though, this has not gone unnoticed by those enmeshed in Comer’s sprawling investigation. There was that letter from Hunter Biden’s lawyer Abbe Lowell in November. And then, this week, a letter from an attorney for Kevin Morris, a wealthy friend of Hunter Biden who helped pay off the president’s son’s tax liability.

Morris appeared for a closed-door deposition on Thursday. His attorney, Bryan Sullivan, claims in the letter that he asked at the outset that his client’s testimony not be cherry-picked or misrepresented. Instead, he said, he received only a promise that Morris would “be treated fairly.”

“You did not treat Mr. Morris fairly and engaged in your standard practice of partially and inaccurately leaking a witness’s statements,” Morris writes in the letter obtained by The Washington Post. “Not two hours after we left Mr. Morris’ transcribed interview, you issued a press statement with cherry‐picked, out of context and totally misleading descriptions of what Mr. Morris said.”

It is very important to point out that this may simply be Sullivan’s effort to frame the moment as positively as possible for his client. We should not assume that the examples in his letter — which we’ll consider in a moment — are themselves necessarily accurate.

To his point, though, this could be ameliorated by the House Oversight panel releasing a transcript of the testimony. This is not an instantaneous process, certainly; it took three days for the testimony of Hunter Biden’s former business partner Devon Archer to be released last year. But there’s also no rush to try to frame Morris’s testimony, no demand to make public what he said. Well, there is one source of demand: the right’s appetite for any morsel of information that seems to implicate the president or his son in wrongdoing. That’s a demand for which Comer offers an endless supply.

There’s something else to consider about Sullivan’s response. Even if it is an attempt to cast his client in a more favorable light by pointing to Comer’s track record of cherry-picking, it reinforces that this cherry-picking is a liability for Comer. That he has this track record of trying to construct as damning a case as possible instead of trying to fairly represent witness testimony as broadly informative about the investigation itself.

Sullivan alleged multiple misrepresentations — again, the transcript can help tell us who is more accurately describing what occurred. Comer’s press release:

-inaccurately described why Morris made the loan to Hunter Biden,

-used scare-quotes around “loan” to suggest that the payment (vetted by attorneys, Sullivan argued) was not a loan at all,

-overstated Morris’s past support for Democratic candidates, andsuggested that this money had somehow provided Morris access to the president.

“Mr. Morris testified that he has only had cursory communications with President Biden at public events like Mr. Biden’s daughter’s wedding,” Sullivan wrote, “and said basic courtesy things as ‘hello’ and ‘how are you’ and President Biden making comments about Mr. Morris’ unkempt hair style that lasted a few minutes.”

The scare-quotes around “loan,” we should note, are probably meant to suggest that Morris didn’t expect to be repaid (though, per Sullivan, Morris testified under oath that he did). It’s also a word that has gained new importance for Comer in the past few months.

[…]

We may perhaps see if this is another example of Comer cherry-picking or framing claims that help his case or if, instead, it’s an example of how his doing so frequently in the past allows critics to disparage how he’s conducting the probe.

Neither is what one might seek in an objective investigator.

You can read the whole thing at the gift link above. It’s important to understand what they are doing but most of the media doesn’t bother to spell it out. It all becomes “where there’s smoke there’s fire” to many in the public. It destroys people and it needs to be batted back when we get the opportunity.

Dav-oid Of Answers

Removed from reality

Photo by World Economic Forum ( CC BY-NC-SA 2.0 DEED)

Somewhere over the last day or so someone remarked that the Masters of the Universe meeting in Davos, Switzerland seem utterly unremarkable. That is, judging by the lack of fresh ideas floating around the ultra-rich conclave. On what to do about fanatical populism spreading across the globe, they’ve got worries but otherwise nothin’, according to Nahal Toosi, Politico’s senior foreign affairs correspondent:

In conversation after conversation here, I detected resignation and helplessness among business executives when it came to their counterparts in government. There’s a desperate desire to see the world’s political leaders appeal more to moderates instead of capitalizing on extremes, but there’s also recognition that the political market doesn’t easily reward the people in the middle.

C-suite types fear the polarization will only deepen as half of the global population, in more than 60 countries, votes in 2024 — everywhere from South Africa to the United States. For them, financial consequences can be stark, especially if the results of an election threaten shipping lanes or when campaign rhetoric leads to violence in a place they’ve invested.

“The biggest concern is instability,” the CEO of a private equity fund told me.

That would be financial instability, naturally. We’ve seen social instability before.

Oh, great googa-looga, can’t you hear me talking to you
Just a ball of confusion
Oh yeah, that’s what the world is today
Woo, hey

But even as they long for moderate forces to rise above the extremes, there appears to be little sense of how the business community can help make that happen. I kept asking for specific solutions that companies could offer to reduce societal polarization, but I received no concrete responses.

Election, elections everywhere this year, but the biggest concern is the prospect of Americans returning Donald Trump to the White House in 2025 to finish the job he started in 2017. And to finish off NATO.

Corporate leaders are reading closely about the Republican frontrunner’s views on tariffs and other economic practices, which are far more isolationist than even the relatively cautious Joe Biden. Whichever way the United States is heading will affect the policies of other governments, leading business executives to ask some very basic questions.

“It’s something as simple as this: Many businesses we have operate across borders. Is a country for or against free trade?” the private equity fund CEO said.

Consumers’ fate seemed less a concern than producers’ bottom lines, although the two are intimately interwoven.

The coats are oversized, and so are the egos.

And so, in some cases, is the sense of self-pity. In this rarefied environment, I was told that it doesn’t help to be a billionaire, millionaire or merely very rich when it comes to the political environment these days.

After all, actors on both the far left and far right of the political spectrum have anger toward the rich gathered here in Davos, often blaming them for the world’s ills.

“The right says everyone is under threat. The left says the capitalist system is exploitative,” the consumer goods company CEO said.

Biden administration spokesmen Secretary of State Antony Blinken and national security adviser Jake Sullivan stuck to safe talking points. Businessmen worry that if the Biden administration is gone in 2025, the Inflation Reduction Act will go with it, and their long-term contracts and ROI. One private equity CEO tells Toosi, “very few people have priced in the risk of Trump coming back” into their models.

At the World Economic Forum, they worry about lining their pockets while in Gaza people cannot fill their stomachs, or their children’s. And the executives wonder why “the far right and the ultra left see them as an enemy.” So far removed, allies they are not:

The US claims it is working “relentlessly” to get humanitarian aid into Gaza amid UN warnings that the territory’s 2.2 million people are “highly food insecure and at risk of famine”.

Antony Blinken, speaking at Davos this week, called the situation in Gaza “gut-wrenching”. But the US secretary of state was unable to secure any major new gains on increasing the amount of assistance entering the territory during his recent visit to Israel, even as leaders of international organizations advocate for urgent access.

“People in Gaza risk dying of hunger just miles from trucks filled with food,” Cindy McCain, executive director of the WFP, said in a statement. 

Let me hear ya, let me hear ya, let me hear ya
Sayin’, ball of confusion
That’s what the world is today, hey, hey
Let me hear ya, let me hear ya, let me hear ya, let me hear ya, let me hear ya
Ball of confusion

These Truths Are Not Self-Evident

Get real, people

You can’t win if you don’t show up to play.

An online acquaintance once belonged to the Democracy Alliance, a gaggle of liberal millionaire/billionaires formed in 2005 as a lefty counterpart to the Koch donor network. Yes, they’ve done some things to advance the cause, as Michael Tomasky notes below. But conservative moneybags are long-term political investors willing to sink hundreds of millions in media outlets to bend the country’s will over time to theirs. Rich liberals tend to eschew deferring gratification in favor of near-term electoral wins. They want trophies they they can show off to friends the way congressman pose for photos in front of new destroyers. IIRC, my friend left Democracy Alliance in frustration over that, and later the country.

Michael Tomasky opines on David Smith’s purchase of The Baltimore Sun at The New Republic:

But this column isn’t about the Sun and Smith. In fact, I applaud Smith and Sinclair in one, and only one, respect. They get it. They understand how important media ownership is. They are hardly alone among right-wing megawealthy types. Of course there’s Rupert Murdoch, but there are more. There’s the late Reverend Sun Myung Moon, who, after he got rich from his Unification Church, sprouted media properties, most notably The Washington Times, still owned by the church’s News World Communications (once upon a quaint old time, it was shocking that the conservative newspaper in the nation’s capital was started by a cult). And Philip Anschutz, whose Clarity Media Group started the tabloid newspaper The Washington Examiner in 2005. These days, the list includes Elon Musk with X/Twitter, Peter Thiel and Senator J.D. Vance with Rumble (a right-wing YouTube alternative), Ye with his attempted purchase of the now-defunct Parler, and, of course, Donald Trump, with Truth Social. They all understand what Viktor Orbán told the Conservative Political Action Conference in 2022: “Have your own media.” Shows like Tucker Carlson’s old Fox show, the Hungarian strongman said, “should be broadcast day and night.”

I’ve been watching this develop for decades. The right-wing media was a thing long ago, but it was still easily drowned out by the mainstream media. If the mainstream media was a beach ball, the right-wing media was a table tennis ball.

Today? The mainstream media, with cuts like those endured by the Sun, is maybe a volleyball, and the right-wing media is a basketball—a little bigger. And it’s on its way to beach-ball-hood. The right-wing media is now the agenda-setting media in this country, and it’s only getting bigger and more influential every year.

And how have the country’s politically engaged liberal billionaires responded to this? By doing roughly nothing.

The right plays a long game. Read “Democracy in Chains.”

Nonprofit media such as ProPublica do impressive work, but as nonprofits IRS rules require they be nonpartisan at a time when money-losing media outlets owned by right-wing ideologues labor under no such limits. The right’s media machine is loud and proud. We once called it The Mighty Wurlitzer.

The Democracy Alliance was started to grow a countervailing progressive infrastructure, Tomasky explains:

It helped seed the Center for American Progress, designed as liberalism’s answer to the Heritage Foundation. It helped grow groups like the Center on Budget and Policy Priorities. On the media front, it funded Media Matters for America, the broad left’s leading media watchdog outfit.

But there is one job liberal benefactors have refused to take on (with a few exceptions, starting with the owner of this very magazine). The cost has been enormous. And by the way—this story isn’t over. By a long shot. I’m certain David Smith wants to buy more struggling newspapers and turn them into MAGA sheets. And there are surely mini-Sinclairs in formation. Prager University’s right-wing misinformation videos are gaining a foothold in some public schools. Right-wing outlets have zero interest in sharing the “media space” with the mainstream media. They want to crush it.

[…]

What will the result be 20 years from now? Will we be raising a generation of children in two-thirds of the country who believe that fossil fuels are great and trees cause pollution, that slavery wasn’t the cause of the Civil War, that tax cuts always raise revenue, and that the “Democrat” Party stole the 2020 election? Yes, we will. And it will happen because too many people on the liberal side refused to grasp what Murdoch, Anschutz, Smith, and Viktor Orbán see so clearly. Have your own media.

Digby founded Hullabaloo. Josh Marshall has Talking Point Memo. Markos and Co. still have Daily Kos. None of us own daily newspapers or TV channels or have the means for buying any. Air America (March 2004) began as a broadcast alternative to right-wing talk that dominates radio across red states. Funding was always tenuous. Competing for broadcast space against conservative networks with more powerful stations, it lasted barely six years before folding. * Conservative ideologues don’t expect their partisan ventures to make money. And they offset their losses by purchasing networks of stations that do.

The left cannot give up the Enlightenment notion that the truth will set us free, that truths are self-evident, as the Declaration says. Give people the facts and, as rational beings, they’ll reach the same conclusions as ours. Uh-huh. Or the notion that people [grinds teeth] should vote their best interests as the left defines them. Or that our self-evident ideas sell themselves. They don’t. There’s an entire industry named for a street in Manhattan that spends billions to market consumer products. Democrats resist spending to sell their ideas.

*Some friends and I once produced and ran progressive 30-second radio commercials in our rural-ish market for diddly-squat just to demonstrate that that could be done for small money. Just because we couldn’t compete with the Limbaughs minute for minute and hour for hour was no reason to forfeit the airwaves to them.

Nikki’s Getting Under His Skin

LOLOLOLOL!!!

Onstage at a New Hampshire campaign event on Wednesday night, former president Donald Trump bragged about many things: his immigration policies, his passage of a tax cut, the unemployment rates during his administration.

He also bragged that he correctly identified a whale on a cognitive test when he was president.

“I think it was 30, 35 questions,” the former president said of the test, which he said involved a few animal-identification questions. “They always show you the first one, like a giraffe, a tiger, or this, or that, and then: a whale. ‘Which one is the whale?’ Okay. And that goes on for three or four [questions], and then it gets harder, and harder, and harder.”

Trump, 77, said he aced the exam, which he said he took to silence the critics who claim he may be too old or cognitively incapable to run for president.

Chief among those critics is former U.N. ambassador Nikki Haley, who — to gain ground on Trump ahead of the New Hampshire primary — has sharpened her pitch against him by doubling down on questioning his age and cognitive abilities.

Since the beginning of her campaign, the 51-year-old Haley has proposed that politicians and lawmakers over the age of 75 be required to take a “mental competency test” before they’re allowed another term in office. And while she has mainly targeted President Biden’s age — 81 — on the trail, in recent days she has also been drawing in Trump when arguing that the country needs younger leaders.

After finishing third in the Iowa caucuses behind Trump and Florida Gov. Ron DeSantis, Haley has repeatedly pointed to Trump’s age as an attack line in television ads and media interviews ahead of the crucial New Hampshire primary next week.

“The majority of Americans think that having two 80-year-olds running for president is not what they want,” she said at a campaign stop Tuesday in Bretton Woods, N.H. On Wednesday and Thursday, she more than once accused Trump of throwing a “temper tantrum.”

The attacks appear to be bothering the former president, who on Wednesday night spent a good portion of his remarks talking about how young he feels and boasting about his cognitive abilities.

“I feel like I’m about 35 years old,” he said. “I actually feel better now than I did 30 years ago. Tell me, is that crazy? I feel better now, and I think cognitively I’m better than I was 20 years ago. I don’t know why.”

“I think I’m cognitively better but I don’t know why” is not the brag he thinks it is.

Friday Night Soother

Awwwww…

London Zoo’s gorilla keepers were carrying out their usual morning duties when they first spotted that Mjukuu was in labour. Giving the experienced mum some space, they monitored her via CCTV cameras installed in the dens.  

Moments after giving birth in the privacy of their back dens, second-time mum Mjukuu could be seen gently cradling her newborn, before allowing the troop’s curious youngsters Alika and Gernot to examine the intriguing new arrival.

London Zoo’s Primates Section Manager Kathryn Sanders said: “We started our day as normal – we gave the gorillas their breakfast and began our cleaning routines. When we returned to their back dens, we could see Mjukuu was starting to stretch and squat – a sign that she was in labour.

“After a very quick labour – just 17 minutes – Mjukuu was spotted on camera tenderly holding her newborn and demonstrating her wonderful mothering instincts – cleaning her infant and checking it over.”

The birth of a western lowland gorilla at London Zoo is a real cause for celebration – the subspecies is critically endangered and as a result of poaching and disease their wild numbers have declined by more than 60% over the last 25 years.

The infant was fathered by Kiburi, who arrived at London Zoo from Tenerife in November 2022 as part of the international conservation breeding programme for western lowland gorillas – the programme ensures the preservation of a genetically diverse and healthy population of the gorilla subspecies.

Kathryn added: “To say we’re happy about this new arrival would be a huge understatement – we’ve all been walking around grinning from ear to ear.

“We’ll be giving mum and baby lots of time and space to get to know each other, and for the rest of the troop to get used to their new addition – they’re as excited as we are and can’t stop staring at the baby.”

Zookeepers are yet to confirm the sex of the infant, who has remained closely snuggled in its adoring mum’s arms. The infant will remain in close contact with mum for around the first six months of its life.

To find out more about the conservation zoo and book to visit London’s gorilla troop, visit www.londonzoo.org 

An Off Chance Of A Little Sanity

Will Barrett and Roberts save Chevron?

Ian Millhiser has a tiny bit of hope:

Four justices appeared absolutely determined, on Wednesday, to overrule one of the most consequential Supreme Court decisions in the Court’s entire history.

Chevron v. National Resources Defense Council (1984) is arguably as important to the development of federal administrative law — an often technical area of the law, but one that touches on literally every single aspect of American life — as Brown v. Board of Education (1954) was important to the development of the law of racial equality. Chevron is a foundational decision, which places strict limits on unelected federal judges’ ability to make policy decisions for the entire nation.

As Justice Ketanji Brown Jackson said during Wednesday’s arguments, Chevron forces judges to grapple with a very basic question: “When does the court decide that this is not my call?”

And yet, four members of the Supreme Court — Justices Clarence Thomas, Samuel Alito, Neil Gorsuch, and Brett Kavanaugh — spent much of Wednesday’s arguments in Loper Bright Enterprises v. Raimondo and Relentless v. Department of Commerce speaking of Chevron with the same contempt most judges reserve for cases like Plessy v. Ferguson (1896), the pro-segregation decision rejected by Brown.

The open question is whether the Court’s four most strident opponents of this foundational ruling can find a fifth vote.

None of the Court’s three Democratic appointees were open to the massive transfer of power to federal judges contemplated by the plaintiffs in these two cases. That leaves Chief Justice John Roberts and Justice Amy Coney Barrett as the two votes that remain uncertain. To prevail — and to keep Chevron alive — the Justice Department needed its arguments to persuade both Roberts and Barrett to stay their hands.

Barrett, of the two, appeared the most open to preserving Chevron. Among other things, she repeatedly expressed concerns about the disruptive consequences that would result from overruling one of the most widely cited Supreme Court decisions of the last century. As Justice Elena Kagan noted at one point, Chevron has been cited by 17,000 lower court decisions, and Barrett appeared troubled by the “flood of litigation” that would result if all of these decisions were called into question.

Roberts, meanwhile, spent much of Wednesday’s arguments downplaying the significance of Chevron. That said, the Chief did have a colloquy with Paul Clement, one of the lawyers arguing in favor of overruling Chevron, which suggests he may be looking for a way to hand Clement’s client a narrow victory without deciding if Chevron itself should fall.

So the bottom line is that, if you are a gambler, you should bet on Chevron being overruled. But there is an off chance that Roberts and Barrett will decide not to make one of the biggest power shifts to an unelected branch of government in American history.

There’s not much to hang your hopes on there but I suppose it’s better than nothing. This is the most important GOP establishment project out there and it’s also a priority of MAGA guru, Steve Bannon (“deconstruction of the administrative state”) It’s a huge case. Keep your eyes on it.

Millhiser has much more at the link. It’s probably a good idea to take a few minutes to read the whole thing. We’d better hope that two of the terrible majority haven’t completely gone to the dark side.