| "Only dull people are brilliant at breakfast" -Oscar Wilde |
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"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
The $60 million wouldn’t help companies such as 21st Century Oncology, which operates 179 treatment centers in 16 states and six foreign countries, but the $20 million in research grants could benefit smaller organizations not affiliated with universities.
"There’s something in this for us, and it’s not exactly the same as what’s in it for the University of Florida and other centers," said 21st Century Oncology Chief Medical Officer Constantine Mantz. "But to his credit, (Scott) has thought about some of the little guys in the state."
Mantz said most funding for its roughly 20-person research staff comes from drug companies and federal grants. He expects the company to "get in line" with research proposals, competing with others for a slice of the $20 million.
"We really have not had any ability to access state funds for any of our research activities, and so this is important for us," Mantz said.
On Friday, the ethics commission without comment accepted Executive Director Philip Claypool's recommended opinion, which confirmed that Scott would likely be shielded from potential violations of state ethics laws by creating the trust.
Scott's holdings are mostly in large, publicly traded companies, but attorneys for the governor also provided specific details of five other investments with clear Florida ties. Scott's most controversial investment, Solantic Corp., an urgent care company he founded in 2001, wasn't part of the panel's review.
Scott last month said he was selling the company after pushing back against criticism that the firm could profit from health care initiatives his administration was advancing. But Scott and Burgess said Friday that the sale hasn't happened yet.
"We're just waiting for regulatory approval," Scott said, adding that he expected the sale to be finalized within 30 days.
Burgess said Solantic's sale to minority investors in the firm has been delayed by difficulty in transferring a number of licenses held by Solantic. The move could take as long as 60 days, he said. Scott initially refused to sell Solantic, then moved it into a trust held by his wife, Ann, while refusing to restrict the firm from seeking business from the state. The ethics opinion Scott sought and received Friday made no mention of his wife's assets.
While Scott spent $73 million of his own money on last fall's race for governor, his wife steered $12.8 million from the F. Annette Scott Revocable Trust to her husband's campaign.
As questions lingered about Solantic's possible role in a state Medicaid overhaul or expanded employee drug testing sought by Scott, the governor last month announced the sale.
Scott has talked about putting his assets into a blind trust since the campaign. But it, too, is a lengthy process, Burgess said Friday.
Scott, though, insisted later, "It's formed."
Three of the companies detailed in Friday's request from Scott for an advisory opinion from the ethics panel are in the propane and natural gas transportation business. The fourth is Republic Services, the nation's second-largest waste-hauling company.
Scott also is a limited partner in a New York-based investment fund that has a controlling interest in 21st Century Oncology, which operates cancer radiation centers in Florida.
Labels: cancer, crooks, Greedy Republican Bastards, hypocrisy, Medicaid, Medicare, Rick Scott, What The Fuck Is It With Florida
Recall the core fight on taxes: Republicans say they’re open to more revenue, but they want to find it by closing deductions and loopholes. Democrats say that any deal needs to include more revenue, and they want to find it by letting the George W. Bush tax cuts expire for the wealthy, which would mean the top tax rate snaps back up to 39.6 percent.
But what if you do a bit of both?
REPORTER: Speaker, you did speak with the president earlier this week. Can you characterize that call? I mean, did he call — did he have any kind of counteroffer? And also, we understand that he’s just — is making clear that it’s got to be increase in rates for the wealthy or no deal. Are you willing to give a little bit, maybe just not all the way to 39.6 (percent)?
SPEAKER BOEHNER: It was — the phone call was pleasant but was just more of the same. Even the conversations that the staff had yesterday — just more of the same. It’s time for the president, if he’s serious, to come back to us with a counteroffer. That’s from Boehner’s press conference Friday. Notice what he doesn’t say: He doesn’t say that any increase in tax rates is off the table. And Boehner is not the only one who’s gotten this question:
REPORTER: Is there no deal at the end of the year if tax rates for the top 2 percent aren’t the Clinton tax rates, period? No ifs, ands or buts? Any room in negotiating on that specific aspect of the fiscal cliff?
THE PRESIDENT: …With respect to the tax rates, I just want to emphasize I am open to new ideas. If Republican counterparts or some Democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn’t getting hit, reduces our deficit, encourages growth, I’m not going to just slam the door in their face. I want to hear ideas from everybody.
You see the deal that’s becoming clear here?
Talk to smart folks in Washington, and here’s what they think will happen: The final tax deal will raise rates a bit, giving Democrats a win, but not all the way back to 39.6 percent, giving Republicans a win. That won’t raise enough revenue on its own, so it will be combined with some policy to cap tax deductions, perhaps at $25,000 or $50,000, with a substantial phase-in and an exemption for charitable contributions.
Labels: Democratic sellouts, Greedy Republican Bastards, Medicare, R.I.P. American Middle Class
The point is that when you put Republicans on the spot and demand specifics about how they’re going to make good on their posturing about spending and deficits, they come up empty. There’s no there there.
And there never was. Republicans claim to be for much smaller government, but as a political matter they have always attacked government spending in the abstract, never coming clean with voters about the reality that big cuts in government spending can happen only if we sharply curtail very popular programs. In fact, less than a month ago the Romney/Ryan campaign was attacking Mr. Obama for, yes, cutting Medicare.
Now Republicans find themselves boxed in. With taxes scheduled to rise on Jan. 1 in the absence of an agreement, they can’t play their usual game of just saying no to tax increases and pretending that they have a deficit reduction plan. And the president, by refusing to help them out by proposing G.O.P.-friendly spending cuts, has deprived them of political cover. If Republicans really want to slash popular programs, they will have to propose those cuts themselves.
So while the fiscal cliff — still a bad name for the looming austerity bomb, but I guess we’re stuck with it — is a bad thing from an economic point of view, it has had at least one salutary political effect. For it has finally laid bare the con that has always been at the core of the G.O.P.’s political strategy.
Labels: deficits, Greedy Republican Bastards, hypocrisy, spending
Labels: arrogance, deeply disturbing shit, Greedy Republican Bastards, I Got Mine and Fuck You, Paul Ryan
"There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what…These are people who pay no income tax...my job is is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives." -- Willard Rmoney, Republican nominee for the Presidency of the United States
Labels: And You Want To Give Power Back To These People?, assholes, Greedy Republican Bastards, It's a big club and you ain't in it, Mitt Romney
Labels: Greedy Republican Bastards, just another outrage, Melissa Harris-Perry, MSNBC, poverty
Willard has recaptured a good portion of the elite political media, which has been crushing on Ryan's "courage" to take on the "tough choices" — none of which, it should be pointed out, likely will affect Ryan, who's already got himself an education out of the social safety net he now intends to shred, and certainly will never affect the haircut at the top of the ticket, or his great-grandchildren, for all that — and the coverage of the pick in the middle of the night showed that many of our finer chattering heads are already practicing tying the stem of the cherry with their tongues in preparation for covering the new Republican ticket.
He does not have the raw balls to explain to the country that, no, he does not believe in government — not the federal government, anyway, and not as it was originally conceived, as the fundamental expression of a political commonwealth. He's grandfathered his plan to chloroform Medicare so that, despite the deficit that he considers such an urgent problem, nobody alive today who might vote against him will be affected by it. For the same reason, he will not specify the cuts that he will make or the tax "loopholes" —coughMortgageInterestDeductioncough — that he will close. In any way that will come to matter to the people whose lives his policies will make harder and more miserable, Paul Ryan is still the high-school kid living off Social Security survivor benefits and reading Ayn Rand by flashlight under the sheets. Instead, he's a guy pretending to be something he's not, and doing so back in Janesville in a very swell Georgian mansion, which just happens to be listed on the National Register of Historic Places.
Labels: Greedy Republican Bastards, Paul Ryan, pure evil, sociopathy, We Are So Screwed

Labels: 2012 election, Greedy Republican Bastards, Mitt Romney, Paul Ryan, social Darwinism
Senate Republicans will press this week to extend tax cuts for affluent families scheduled to expire Jan. 1, but the same Republican tax plan would allow a series of tax cuts for the working poor and the middle class to end next year.
Republicans say the tax breaks for lower-income families - passed with little notice in the extensive 2009 economic stimulus law - were always supposed to be temporary. But President Obama had made them a priority in 2009 and demanded their extension in 2010 as a price for extending the Bush-era tax cuts for two years, and both the White House and Senate Democrats are determined to extend them again.
That sets up a potentially tricky issue for Republicans. They have said they do not want taxes to go up on anyone while the economy struggles to gain altitude, but under their plan, written by Senator Orrin G. Hatch of Utah, the senior Republican on the Finance Committee, about 13 million families would see their tax refunds reduced, and some would see their taxes increase.
"Senator Hatch's amendment would extend tax breaks for the top 2 percent of Americans," Senator Harry Reid of Nevada, who leads the Senate's Democratic majority, said this month. "But it fails to extend a number of tax cuts that help middle-class families get by in a tough economy."
The tax showdown is set for Wednesday, when the Senate will vote on whether to take up Democratic legislation to extend Bush-era middle-class tax cuts through 2013. The motion will need 60 votes to pass, and only if it gets those votes will Republicans be given a chance to vote on their alternative tax plan. The House will vote next week on a similar Republican plan that also allows the 2009 stimulus cuts to lapse.
"The president said if you pass the stimulus, unemployment would never go above 8 percent," said Representative Kevin McCarthy of California, the No. 3 House Republican. "We've had a 41-month experience that that is not true and hasn't been effective. One thing Republicans have always said is that they want a form of accountability."
Under the Democratic plan, tax rates on earnings over $250,000 would snap back to 36 percent and 39.6 percent, the rates paid during the Clinton presidency, from 33 percent and 35 percent. It would also allow the estate tax rate to jump to 55 percent on the value of inheritances over $1 million per individual, $2 million per couple. The current rate is 35 percent on estates over $5 million, $10 million a couple.
The Senate Democratic plan for the estate tax actually takes a bigger piece of qualifying estates than the proposal by President Obama, who wanted a 45 percent rate on inheritances of about $3.5 million, or $7 million per couple. It could cause as many political headaches for some moderate Democrats as the income tax expirations.
Between the income tax expirations, the estate tax provision and a business investment provision that Democrats would limit to small businesses, the Democratic plan would raise almost $82 billion more in taxes in 2013 than the Republican version. But the Democrats' claim to fiscal prudence may be undermined by their decision to maintain the stimulus law's tax breaks, which would cut those savings down to $55 billion. Republican tax aides say the vast majority of the benefits Democrats are seeking to preserve are not tax cuts but checks written by the Internal Revenue Service and sent to the working poor. Given the huge increase in government aid, like food stamps and unemployment benefits, letting some assistance lapse makes sense, they say.
Labels: Greedy Republican Bastards, taxes
Former Florida Gov. Jeb Bush, rumored to be among those considered for Mitt Romney's running mate, will travel to Hamilton, Ohio on Wednesday to appear at his first official campaign event for the presumptive GOP presidential nominee.
His appearance comes the same day Romney holds an event about 200 miles away in Bowling Green in the northwest part of the state.
[snip]
The former governor has previously said "under no circumstances" would he accept an offer to be Romney's running mate. Furthermore, his son, George P. Bush, said on CNN last week that Jeb Bush is not being vetted by the Romney campaign.
Labels: Greedy Republican Bastards, Jeb Bus, Mitt Romney, The Fix Is In
“By the way, I had the privelege of speaking today at the NAACP convention in Houston and I gave them the same speech I am giving you. I don’t give different speeches to different audiences alright. I gave them the same speech. When I mentioned I am going to get rid of Obamacare they weren’t happy, I didn’t get the same response. That’s ok, I want people to know what I stand for and if I don’t stand for what they want, go vote for someone else, that’s just fine. But I hope people understand this, your friends who like Obamacare, you remind them of this, if they want more stuff from government tell them to go vote for the other guy-more free stuff. But don’t forget nothing is really free. it has to paid for by people in the private sector creating goods and services, and if people want jobs more than they want free stuff from government, then they are going to have to get government to be smaller. And if they don’t want to repeal Obamacare they are going to have to give me some other stuff they are thinking about cutting, but my list takes Obamacare off first and I have a lot of other things I am thinking of cutting.”
Labels: Greedy Republican Bastards, Mitt Romney, racism
They're pretty much Republicans with blue T-shirts. Problem there, of course, is all the anti-Choice, anti-gay and... well, the Blue Dog caucus is really extreme and barely even part of the Democratic Party at all. That leaves... a group that's kind of like the Blue Dogs but without the white sheets and hoods: the New Democratic Coalition.
The New Dems was founded in 1997 as the House affiliate of the corporatist shills at Joe Lieberman's DLC. It is financed by Big Business and corrupt K Street lobbyists with an anti-worker/anti-consumer agenda. It specializes in "free trade" policies. Most of the leadership has been made up of conservative Democrats with a nose for big money, like Rahm Emanuel, Chamber of Commerce ex-Rep. Melissa Bean, and corporatists Joe Crowley, Ron Kind, Ellen Tauscher, Harold Ford and Allyson Schwartz.
Some conservative Democrats, like Steve Israel and Debbie Wasserman Schultz, seeking to hide their true colors have officially dropped out of the New Dem Coalition in the hope of winning wider leadership positions in the whole party. A number of Blue Dogs-- Adam Schiff (CA), Loretta Sanchez (CA), John Barrow (GA), David Scott (GA), Mike McIntyre (NC), Kurt Schrader (OR) and Jason Altmire (PA)-- are members of both right-wing groups.
Labels: assholes, Blue Dog Democrats, Greedy Republican Bastards, heartlessness
Even if he loses, his friends say, he doesn't lose. He'll just change the score, or change the rules, or make his opponent play until he can beat him. "If you were playing basketball and you were playing to 11 and he was down, you went to 15," says Hannah, now a Dallas insurance executive. "If he wasn't winning, he would quit. He would just walk off.… It's what we called Bush Effort: If I don't like the game, I take my ball and go home. Very few people can get away with that." So why could George get away with it? "He was just too easygoing and too pleasant."
Another fast friend, Roland Betts, acknowledges that it is the same in tennis. In November 1992, Bush and Betts were in Santa Fe to host a dinner party, but they had just enough time for one set of doubles. The former Yale classmates were on opposite sides of the net. "There was only one problem—my side won the first set," recalls Betts. "O.K., then we're going two out of three," Bush decreed. Bush's side takes the next set. But Betts's side is winning the third set when it starts to snow. Hard, fat flakes. The catering truck pulls up. But Bush won't let anybody quit. "He's pissed. George runs his mouth constantly," says Betts indulgently. "He's making fun of your last shot, mocking you, needling you, goading you—he never shuts up!" They continued to play tennis through a driving snowstorm.
It is something of an in-joke with Bush's friends and family. "In reality we all know who won, but George wants to go further to see what happens," says an old family friend, venture capitalist and former MGM chairman Louis "Bo" Polk Jr. "George would say, 'Play that one over,' or 'I wasn't quite ready.' The overtimes are what's fun, so you make your own. When you go that extra mile or that extra point … you go to a whole new level."
The Romneys, 30 in all these days, spend their time away from the stresses of everyday life — like, say, wrapping up the Republican nomination for president — by following a highly orchestrated, highly competitive regimen of sports and games known as the “Romney Olympics.”
The Romney Olympics have long included a mini-triathlon of biking, swimming and running that pits Mitt and his five sons and their wives against one another. But after Mitt once nearly finished last, behind a daughter-in-law who had given birth to her second child a couple of months earlier, the ultra-competitive and self-described unathletic patriarch expanded the games to give himself a better shot.
Labels: assholes, George W. Bush, Greedy Republican Bastards, Mitt Romney, nickel psychology, sociopathy
Congress needs to stop the brinkmanship politics and work together to balance our nation’s budget and restore our bond rating. This will give businesses the certainty they need to invest in capital projects and expand their workforce. This in turn will create demand for goods and services that will buoy our economy. If Congress can't pass a budget on time, they shouldn't be paid.
Efforts should be made towards restoring our nation’s bond rating which will reduce costs for needed infrastructure such as roads, bridges, levies and water conveyance. These projects will also create jobs and stimulate the economy. Additionally, offering tax incentives to encourage business start-ups and new hires, providing job training and education in growing sectors of the economy, and supporting existing businesses so they can grow are all part of the solution.
Labels: Greedy Republican Bastards, nothing is certain except death and taxes, utter horseshit
Romney had come to Drexel to obtain financing for the $300 million purchase of two Texas department-store chains, Bealls and Palais Royal, to form Specialty Retailers, Inc. On September 7, 1988, two months after Bain hired Drexel to issue junk bonds to finance the deal, the S.E.C. filed a complaint against Drexel and Milken for insider trading. Romney had to decide whether to close a deal with a company ensnared in a growing clash with regulators. The old Romney might well have backed off; the newly assertive, emboldened Mitt decided to press ahead.
Romney’s deal with Drexel turned out well for both him and Bain Capital, which put $10 million into the retailer and financed most of the rest of the $300 million deal with junk bonds. The newly constituted company, later known as Stage Stores, refocused in 1989 on its small-town, small-department-store roots. Seven years later, in October 1996, the company successfully sold shares to the public at $16 a share. By the following year, the stock had climbed to a high of nearly $53, and Bain Capital and a number of its officers and directors sold a large part of their holdings. Bain made a $175 million gain by 1997. It was one of the most profitable leveraged buyouts of the era.
Romney sold at just the right time. Shares plunged in value the next year amid declining sales at the stores. The department-store company filed for Chapter 11 bankruptcy protection in 2000, struggling with $600 million in debt, and a reorganized company emerged the following year. So ended the story of a deal that Romney would not be likely to cite on the campaign trail: the highly leveraged purchase, financed with junk bonds from a firm that became infamous for its financial practices, of a department-store company that had subsequently gone into bankruptcy. But on the Bain balance sheet, and on Romney’s, it was a huge win.
Not every deal worked out so well for Romney and his investors. Bain invested $4 million in a company called Handbag Holdings, which sold pocketbooks and other accessories. When a major customer stopped buying, the company failed and 200 jobs were lost. Bain invested $2.1 million in a bathroom-fixtures company called PPM and lost nearly all of it. An investment in a company called Mothercare Stores also didn’t pan out; the firm had eliminated a hundred jobs by the time Bain dumped it. Fellow Bain partner Robert White said Bain lost its $1 million and blamed “a difficult retail environment.”
In some cases, Bain Capital’s alternative strategy of buying into companies also ended in trouble. In 1993, Bain bought GST Steel, a maker of steel-wire rods, and later more than doubled its $24 million investment. The company borrowed heavily to modernize plants in Kansas City and North Carolina—and to pay out dividends to Bain. But foreign competition increased and steel prices fell. GST Steel filed for bankruptcy and shut down its money-losing Kansas City plant, throwing some 750 employees out of work. Union workers there blamed Bain, then and now, for ruining the company, upending their lives, and devastating the community.
Then, in 1994, Bain invested $27 million as part of a deal with other firms to acquire Dade International, a medical-diagnostics-equipment firm, from its parent company, Baxter International. Bain ultimately made nearly 10 times its money, getting back $230 million. But Dade wound up laying off more than 1,600 people and filed for bankruptcy protection in 2002, amid crushing debt and rising interest rates. The company, with Bain in charge, had borrowed heavily to do acquisitions, accumulating $1.6 billion in debt by 2000. The company cut benefits for some workers at the acquired firms and laid off others. When it merged with Behring Diagnostics, a German company, Dade shut down three U.S. plants. At the same time, Dade paid out $421 million to Bain Capital’s investors and investing partners.
The amount of money now being earned at Bain Capital was skyrocketing, and much of it came from a handful of giant deals. During Romney’s 15 years there, the firm invested about $260 million in its 10 top deals and reaped a nearly $3 billion return. That was about three-quarters of its overall profit on roughly 100 transactions during Romney’s tenure. In one of his most specific explanations of how he made his fortune, in his autobiography, Turnaround, Romney wrote that most of the companies he invested in were ones that “no one has heard of—TRW’s credit services, the Yellow Pages of Italy.” Those weren’t just any two deals. They were two of the most lucrative of Romney’s career, and luck played a big part in both. A mere seven weeks after buying TRW, Romney and his partners flipped the company. Bain’s $100 million investment returned at least $300 million. The second deal cited by Romney took longer but involved even more good timing and luck. It began with a renowned Italian investor named Phil Cuneo, who had the idea of buying the Italian version of the Yellow Pages. It seemed a solid investment in a firm with a staid and stable business model. But mere months after closing the deal, Cuneo and his Bain associates realized that they had acquired a company that might benefit from the surging interest in dot-com businesses; the Yellow Pages company owned a Web-based directory that had the potential to be the Italian version of America Online or Yahoo. In just under three years, in September 2000, the partners sold the investment, earning a windfall that far exceeded anyone’s initial expectations. Bain’s $51.3 million investment in the Italian Yellow Pages returned at least $1.17 billion, according to a Romney associate familiar with the deal. There is no public documentation of how the profits were distributed, but at that time at least 20 percent of the return would have gone to Bain Capital. Of that, Romney’s typical payout was then 5 to 10 percent. That means this one obscure deal would have given him a profit of $11 million to $22 million. If Romney made a side investment in the deal, as was standard among Bain partners, he would have made even larger gains. One Romney associate said Romney’s total profit could have been as much as $40 million. (A Romney spokesman did not respond to questions about the deal.)
It was those kinds of deals that enabled Bain Capital to report the highest returns in the business in the 1990s. Romney’s own net worth would grow to at least $250 million, and maybe much more, a trove that would enable him to foot a large part of the bill for his 2008 presidential campaign. Asked about a report that his wealth at one point reached as high as $1 billion, Romney said, “I’m not going to get into my net worth. No estimates whatsoever.”
Labels: American Idiots, delusion, disaster capitalism, Greedy Republican Bastards, Mitt Romney, shock doctrine
A rising number of Americans see improvement in the economy, but a persistent wariness about their own financial circumstances is allowing Mitt Romney to persuade voters that he could improve their economic prospects more than President Obama, according to the latest New York Times/CBS News poll.
Even as the nation rebounds from the recession, its lingering effects are reflected in the adversities facing families. Nearly two-thirds of people are concerned about paying for their housing, the poll found, and one in five people with mortgages say they are underwater.
Four in 10 parents say they have had to alter expectations for the type of college they can afford for their children. And more than one-third of respondents said high gas prices had created serious financial hardships.
The general election match between Mr. Obama and Mr. Romney is opening with evidence that economic conditions are providing ammunition for both candidates. For Mr. Obama, there is a gradually growing perception that the general outlook is turning brighter, and for Mr. Romney, there are those individuals who still do not feel substantial improvement in their own lives.
The poll found that the two men are locked in a tight race, with each gathering 46 percent of the support. Nearly an equal number of voters say they are as confident in Mr. Romney’s ability to make the right decisions on the economy and to be commander in chief as express confidence in Mr. Obama.
As many voters thought they would do better under Mr. Romney as under Mr. Obama, but slightly more said they would do worse if the president was re-elected.
“I want to give the business guy a chance,” said Craig Lemoine, 47, a Republican from Las Vegas who drives a U.P.S. truck. “No one wants to put the C.E.O. in there. Everyone thinks he’ll just make the rich people richer and the poor people poorer. “But how do you know if you don’t give him a chance?”
Labels: American Idiots, Greedy Republican Bastards, Mitt Romney, The Right Wing War on the Middle Class
I’ve never been much of a conspiracy theorist as it is not my inclination to see evil lurking behind every bush (no pun intended.) More times than not, things are—for the most part—pretty much as they appear to be.
However, there is a strange anomaly occurring on the highways of America and in the boardrooms of some of our largest investment institutions that has caused me to consider whether a plan is afoot that, if successful, could represent the best possible strategy for ending the presidency of Barack Obama.
According to the Automobile Club of America, gasoline prices have risen, on average, 13.1 cents in the past month—despite the fact that gas prices traditionally fall in the month of February as people drive fewer miles during the wintery month.
What’s more, virtually every projection out there suggests that gas prices are about to make a dramatic rise to, potentially, record levels with some suggesting that $5.00 a gallon gas or more —double the prices of just a few months ago—could very well be in our future.
This becomes a particularly odd statistic when one considers that Americans are using less gasoline than it has at any time in the last fifteen years. Currently, we burn up 8 percent less gas than we did during the peak year of 2006 while most experts expect the trend to continue to where we will be using 20 percent less gasoline by 2030.
[snip]
While Wall Street’s ‘priority one’ is to make money, it is clear that, for this year, priority two is the destruction of Barack Obama’s presidency. Accordingly, from a Wall Street point of view, it certainly is a happy coincidence that that priority one, making big money on oil speculation, could directly lead to accomplishing their second highest mission.
I am left to wonder whether this is a happy Wall Street coincidence or a clever strategy that could pay off big-time come November.
Gasoline prices have a ‘real time’ impact on middle-class voters. Can you imagine a better way to make voters good and angry than to insure that they are paying five bucks a gallon for the gasoline that will be powering them to the voting booth in November? And if you subscribe to the theory that the President’s opponents would like to keep economic growth down until the election is over, what better way to accomplish such a goal than to force a precipitous rise in gas prices?
Labels: conspiracies, Greedy Republican Bastards, Middle East, oil, tinfoil
A prominent Republican senator just told me that if Romney can’t win in Michigan, the Republican Party needs to go back to the drawing board and convince somebody new to get into the race.
“If Romney cannot win Michigan, we need a new candidate,” said the senator, who has not endorsed anyone and requested anonymity.
The senator believes Romney will ultimately win in Michigan but says he will publicly call for the party to find a new candidate if he does not.
[snip]
It would have to be somebody else, the senator said. Who?
“Jeb Bush,” the former Florida governor.
Labels: dynastic politics, Greedy Republican Bastards, money
Labels: Greedy Republican Bastards, rant, social Darwinism, supply-side economics
something is clearly happening to the traditional working-class family. The question is what. And it is, frankly, amazing how quickly and blithely conservatives dismiss the seemingly obvious answer: A drastic reduction in the work opportunities available to less-educated men.
Most of the numbers you see about income trends in America focus on households rather than individuals, which makes sense for some purposes. But when you see a modest rise in incomes for the lower tiers of the income distribution, you have to realize that all — yes, all — of this rise comes from the women, both because more women are in the paid labor force and because women’s wages aren’t as much below male wages as they used to be.
For lower-education working men, however, it has been all negative. Adjusted for inflation, entry-level wages of male high school graduates have fallen 23 percent since 1973. Meanwhile, employment benefits have collapsed. In 1980, 65 percent of recent high-school graduates working in the private sector had health benefits, but, by 2009, that was down to 29 percent.
So we have become a society in which less-educated men have great difficulty finding jobs with decent wages and good benefits. Yet somehow we’re supposed to be surprised that such men have become less likely to participate in the work force or get married, and conclude that there must have been some mysterious moral collapse caused by snooty liberals. And Mr. Murray also tells us that working-class marriages, when they do happen, have become less happy; strange to say, money problems will do that.
One more thought: The real winner in this controversy is the distinguished sociologist William Julius Wilson.
Back in 1996, the same year Ms. Himmelfarb was lamenting our moral collapse, Mr. Wilson published “When Work Disappears: The New World of the Urban Poor,” in which he argued that much of the social disruption among African-Americans popularly attributed to collapsing values was actually caused by a lack of blue-collar jobs in urban areas. If he was right, you would expect something similar to happen if another social group — say, working-class whites — experienced a comparable loss of economic opportunity. And so it has.
Put yourself in the place of a [working-class white] man who is at the bottom of the labor market, qualified only for low-skill jobs. You may wish you could make as much as your grandfather made working on a General Motors assembly line in the 1970s. You may be depressed because you've been trying to find a job and failed. But if a job driving a delivery truck, or being a carpenter's helper, or working on a cleaning crew for an office building opens up, why would a bad labor market for blue-collar jobs keep you from taking it? As of 2009, a very bad year economically, the median hourly wage for drivers of delivery trucks was $13.84; for carpenter's helpers, $12.63; for building cleaners, $13.37. That means $505 to $554 for a forty-hour week, or $25,260 to $27,680 for a fifty-week year. Those are not great incomes, but they are enough to be able to live a decent existence - almost twice the poverty level even if you are married and your wife doesn't work. So why would you not work if a job opening landed in your lap? Why would you not work a full forty hours if the hours were available? Why not work more than forty hours?
Labels: Greedy Republican Bastards, just another outrage, The Right Wing War on the Middle Class
