"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 |
If you aren’t seeing an Obama Administration scandal here, you must not be a rightie. Fast and Furious combines two rightie obsessions, guns and the Mexican border. Oh, and the Obama Administration, never mind that the program began during the Bush Administration. Righties are certain that the Obama Administration planted guns in Mexico as part of a scheme to undermine the Second Amendment. Recently House Oversight Committee member Rep. John Mica (R-FL) said,
“People forget how all of this started. This administration is a gun-control administration. They tried to put the violence in Mexico on the blame of the United States. So they concocted this scheme and actually sending our federal agents, sending guns down there, and trying to cook some little deal to say that we have got to get more guns under control,” Mica said, a theory that is supported by absolutely zero evidence. “That’s how this all started.”
According to everything I can find, “all of this started” in 2006, three years before the Obama Administration took office. Nevertheless, that hasn’t stopped the wingnuts from working themselves into a frenzy over Fast and Furious. House Republicans, Darrell Issa in particular, have striven mightily to jack Fast and Furious up into Obama’s Watergate.
To make a long story short, the House Oversight Committee chaired by Issa, has worked up a nice constitutional crisis by holding Attorney General Eric Holder in contempt because he didn’t give them evidence confirming what they wanted to believe. This is basically all about destroying the Obama Administration by any means necessary. The President’s evoking executive privilege may be less about a cover up than about rope-a-dope.
Labels: gun nuts, House Republicans, impeachment, right-wing hatemongers, wussy-ass Democrats
* The Democratic primary: To hear those who worked in the trenches of the recall tell it, the fact that Democrats had a contested primary between Barrett and former Dane County Executive Kathleen Falk bears considerable responsibility for Walker’s victory.
Not only did the primary take place less than a month before the general recall election but organized labor spent millions in support of Falk (and against Barrett), spending that many Democrats believe weakened the eventual nominee. Democratic pollsters insisted that Walker was languishing in the early spring but rebounded as Barrett and Falk fought amongst themselves in the primary.
* Money: As of Monday, more than $63 million has been spent on the recall fight with Walker and his conservative allies vastly outspending Barrett and other Democratic-aligned groups.
Walker himself had raised in excess of $30 million for the recall campaign while Barrett collected just under $4 million.
Being outspent 10-1 (or worse) is never a recipe for success in a race. Democrats cried foul over Walker’s exploitation of a loophole that allowed him to collect unlimited contributions prior to the official announcement of the recall in late March. Of course, Democrats also pushed the recall and Walker played by the rules of the game — making what he did strategically smart rather than underhandedly nefarious.
* 2010: There was considerable internal discussion and disagreement between Washington and Wisconsin Democrats (and organized labor) about whether to push for a recall election this summer or wait until 2014 for a chance to unseat Walker. (Washington Democrats broadly favored the latter option, Wisconsin Democrats and labor the former).
As the recall played out, two things became clear: 1) There were almost no one undecided in the race and 2) those few souls who were undecided tended to resist the recall effort on the grounds that Walker had just been elected in 2010.
The BBJ received an emailed tip this week from someone who says they’re an employed, Boston College Law School (BC Law) graduate. The tipster sent screen grabs of a job listing on BC Law’s career site. The post advertises a full-time associate position at a small Boston law firm, Gilbert & O’Bryan LLP, paying just $10,000 per year. (That's $10K, it's not a typo.)
Larry O'Bryan, one of the firm's partners, said he's received about 32 applications for the $10K per year job, since posting it one week ago. He said that while the pay is low, the lawyer who is eventually hired will gain valuable experience. "What we emphasize is that we do provide the opportunity for new associates to have their own case load right from the start," said O'Bryan. Workers working full-time with four weeks' vacation at Massachusetts' minimum wage of $8 would be paid more than $15,000. At the federal minimum wage of $7.25, a worker would earn nearly $14,000 in a year. Maybe BC Law grads should take a look at a slide show published by Boston Business Journal earlier this month: 50 Boston jobs under $50K.
The job post reads: “Compensation is mainly based on percentage of work billed and collected ... We expect an associate to earn $10,000 in compensation in the first year.”
Ouch.
Here’s what the BC grad has to say about the job post he found:
"I keep an eye on the Boston legal market for openings, because I work outside of MA, and hope to eventually return. Logging onto BC Law Symplicity today, I was shocked to see my alma mater is advertising a full-time job at a small Boston firm where the compensation is expected to be $10,000 per year. Assuming a 40 hour work week, 52 weeks per year, that’s less than $5 per hour by my calculations. To be exact, $4.81 per hour, which is a fraction of minimum wage. For a school that pays cafeteria workers a "living wage," I find it astonishing that BC Law permits a listing for such an unconscionably low salary."
Labels: 2012 election, Democratic sellouts, R.I.P. American Middle Class, wussy-ass Democrats
President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday.
[snip]
The administration plan to revamp a corporate code that is widely derided as inefficient and anticompetitive has been in the works at Treasury for two years, and is a priority of Mr. Geithner. Yet he has been preoccupied with crisis management, and is unlikely to see the project through since he plans to leave office after this year.
The proposed overhaul “will help level the playing field for businesses and allow the government to collect needed revenue while promoting economic growth,” Mr. Geithner told a Congressional committee last week, without details.
Republicans and business groups complain that the 35 percent corporate tax rate is among the highest in the world, leaving American companies at a competitive disadvantage. They typically seek a 25 percent rate, with many of them saying that the current tax breaks should be kept in place as well.
Nonpartisan tax analysts consistently find that corporations here on average pay just slightly more than their competitors in other developed countries after exploiting the many tax breaks and loopholes. Recent news accounts have highlighted the low effective rates paid by companies like Google, Boeing and General Electric.
One analysis concluded that 115 of the 500 companies in the Standard and Poor’s stock index paid a total corporate tax rate — federal and otherwise — of less than 20 percent over a five-year period. A study by the Government Accountability Office in 2008 found that 55 percent of American companies paid no federal income taxes during at least one year in a seven-year period it studied.
“Under the current tax system, the United States will soon have the highest statutory corporate tax rate among developed countries, within a system that features a large number of tax expenditures for special interests,” said a senior administration official, who did not want to speak ahead of Mr. Geithner except on condition of anonymity.
“This puts American businesses — especially those in areas like manufacturing that are subject to more intense international competition — at a disadvantage. And this system is also unnecessarily complicated for America’s small businesses.”
The problem is that not all small businesses are created equal. Businesses just getting off the ground contribute most of the country's job growth, but older small businesses cut as many as they add.
Think Bill Gates and Paul Allen huddled together late nights developing Microsoft, not the corner liquor store.
"I don't want to pick on dry cleaners and restaurants and small manufacturing firms, but they're not a big source of job creation," says John Haltiwanger, an economist at the University of Maryland.
Politicians like to say that small companies create two of every three jobs in a given year. That's less impressive when you consider that almost all the 6 million companies in the U.S. — 99.9 percent of them — are small businesses, with fewer than 500 workers.
What's more, two-out-of-three masks the fact that most small businesses eliminate more jobs than they create in a given year, either through layoffs, closings or bankruptcy.
And many of the rest, the ones that don't shrink or shut down, don't offer much hope for the millions of Americans looking for jobs.
Many small companies — outfits like florists, hardware stores and barbershops — tend to grow with the U.S. population, not faster. So they don't speed the economic recovery the way an exploding new industry might.
According to an August study by two University of Chicago economists, most small business owners just want to be their own boss and never expect to hire more than a few employees.
In fact, the more you study the numbers, the more you wonder what the politicians are getting so excited about.
Haltiwanger and two other economists showed, in a study of millions of companies over 30 years, that small businesses no more than five years old — that's about 40 percent of them — are the only ones that create more jobs each year than they cut.
In 2005, for instance, more than 99 percent of the 2.5 million net new private-sector jobs in the United States came from these startups, according to the U.S. Census Bureau.
But the 60 percent of small businesses that have been around more than five years act as a slight drag on the number of jobs available in the United States. They have cut about 0.5 percent more staff than they have added in a typical year, according to Haltiwanger.
By contrast, big businesses, the ones that get all the headlines for layoffs, have hired more than they have cut — about 0.1 percent in a typical year.
Economist Charles Kenny of the New America Foundation, a nonpartisan research group, goes as far as suggesting that Washington should stop offering certain incentives to small business owners, such as loan guarantees and write-offs on taxes for home offices. He says the money would be better spent subsidizing research and development.
Labels: Barack Obama, corporatism, greed, spinelessness, taxes, wussy-ass Democrats
Obama has invested so much time demonizing the Bush-era tax cuts for the rich that he has obscured the true narrative of his presidency. Class-war rhetoric aside, Obama is one of the most prolific tax cutters in recent history, with a record that puts him squarely alongside that of George W. Bush.
Crunching the numbers at the liberal think tank the Center for American Progress, analyst Michael Linden found that if one compares the cost of tax cuts in just the first four years of Bush’s term (2001–04) to the first four years of Obama's (2009–12), Obama’s tax cuts are bigger. The value of the Bush tax cuts were about $475 billion in those first four years, or about 1.1 percent of GDP. Obama’s total about $1 trillion, or 1.6 percent of GDP.
Obama has cut taxes to lower levels than Bush did, says Linden. This is because, of course, Obama thus far has extended all of the Bush tax cuts and then cut taxes on top of that. His original stimulus bill in 2009 had $290 billion in Making Work Pay tax cuts. His speech Thursday night before Congress advocated for another $175 billion in payroll tax cuts, which come on top of $110 billion from last December’s budget deal. Speeded-up expensing for business adds another $10 billion or so.
All in all, Obama is responsible for many billions in tax cuts, yet the popular perception is that he has raised taxes.
Labels: Barack Obama, taxes, wussy-ass Democrats
In a surreal volley of letters, each released to the news media as soon as it was sent, Mr. Boehner rejected a request from the president to address a joint session of Congress next Wednesday at 8 p.m. — the same night that a Republican presidential debate is scheduled.
In an extraordinary turn, the House speaker fired back his own letter to the president saying, in a word, no. Might the president be able to reschedule for the following night, Sept. 8?
For several hours, the day turned into a very public game of chicken.
By late Wednesday night, though, the White House issued a statement saying that because Mr. Obama “is focused on the urgent need to create jobs and grow our economy,” he “welcomes the opportunity to address a joint session of Congress on Thursday, Sept. 8.”
The president had sent in the first volley with his request for a speech next Wednesday night, when Gov. Rick Perry of Texas is scheduled to debate his fellow would-be Republican presidential nominees for the first time.
“No, of course not,” the White House press secretary, Jay Carney, replied when a reporter asked if the timing of the president’s speech had been meant to play havoc with the Republican debate plans. He said that “one debate of many was no reason not to have a speech when we wanted to have it.”
Mr. Boehner was not budging.
“As the majority leader announced more than a month ago, the House will not be in session until Wednesday, Sept. 7, with votes at 6:30 that evening,” the speaker wrote. “With the significant amount of time, typically more than three hours, that is required to allow for a security sweep of the House chamber before receiving a president, it is my recommendation that your address be held on the following evening, when we can ensure there will be no parliamentary or logistical impediments that might detract from your remarks.”
Mr. Boehner did not specify what votes were scheduled for 6:30 that evening that could not be moved. The House calendar shows that members are expected to vote on the “suspension calendar,” generally minor bills like naming a post office.
Congressional historians said Mr. Boehner’s move was unprecedented.
“The Senate Historical Office knows of no instance in which Congress refused the president permission to speak before a joint session of Congress,” Betty K. Koed, associate historian with the Senate, said in an e-mail.
Perry panic has spread from the conference rooms of Washington, D.C., to the coffee shops of Brooklyn, with the realization that the conservative Texan could conceivably become the 45th president of the United States, a wave of alarm centering around Perry’s drawling, small-town affect and stands on core cultural issues such as women’s rights, gun control, the death penalty, and the separation of church and state.
“His entry in the race is a signal and a wake-up call,” the Rev. Al Sharpton told POLITICO.
Perry, Sharpton said, “is looking to go to the O.K. Corral and start shooting. … Rather than the left get caught sleeping, we better load up, because he is bringing it.”
For Democrats, the pre-Perry GOP primary process was hardly for the faint of heart, as the other candidates have jockeyed to show who dislikes Obama the most. But even as the primary is fought on conservative turf, liberal leaders say they and their constituents see Perry as far worse than your average, hated Republican, and indeed as bad — if not worse — than his hated predecessor in Austin, George W. Bush. And progressives who might have had a hard time getting worked up about Mitt Romney find themselves struggling for superlatives with which to express their fear of a President Perry.
Labels: American Oligarchy, Barack Obama, spinelessness, theocracy, We Are So Screwed, wussy-ass Democrats
These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransigent demands for deep spending cuts, coupled with their almost gleeful willingness to destroy one of America’s most invaluable assets, its full faith and credit, were incredibly irresponsible. But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.
Like ideologues everywhere, they scorned compromise. When John Boehner, the House speaker, tried to cut a deal with President Obama that included some modest revenue increases, they humiliated him. After this latest agreement was finally struck on Sunday night — amounting to a near-complete capitulation by Obama — Tea Party members went on Fox News to complain that it only called for $2.4 trillion in cuts, instead of $4 trillion. It was head-spinning.
All day Monday, the blogosphere and the talk shows mused about which party would come out ahead politically. Honestly, who cares? What ought to matter is not how these spending cuts will affect our politicians, but how they’ll affect the country. And I’m not even talking about the terrible toll $2.4 trillion in cuts will take on the poor and the middle class. I am talking about their effect on America’s still-ailing economy.
America’s real crisis is not a debt crisis. It’s an unemployment crisis. Yet this agreement not only doesn’t address unemployment, it’s guaranteed to make it worse. (Incredibly, the Democrats even abandoned their demand for extended unemployment benefits as part of the deal.) As Mohamed El-Erian, the chief executive of the bond investment firm Pimco, told me, fiscal policy includes both a numerator and a denominator. “The numerator is debt,” he said. “But the denominator is growth.” He added, “What we have done is accelerate forward, in a self-inflicted manner, the numerator. And, in the process, we have undermined the denominator.” Economic growth could have gone a long way toward shrinking the deficit, while helping put people to work. The spending cuts will shrink growth and raise the likelihood of pushing the country back into recession.
Labels: closing the barn door after the horse escapes, economic death watch, icepick meet forehead, irrelevant has-been pundits, We Are So Screwed, wussy-ass Democrats
So the debt deal has finally been reached. As expected, the agreement arrives in a form that right-thinking people everywhere can feel terrible about with great confidence.
The general consensus is that for the second time in three years, a gang of financial terrorists has successfully extorted the congress and the White House, threatening to blow up the planet if they didn't get what they wanted.
Back in 2008, the congress and George Bush rewarded Hank Paulson and Wall Street for pulling the Cleavon-Little-"the-next-man-makes-a-move-the-n---er-gets-it" routine by tossing trillions of bailout dollars at the same people who had wrecked the economy.
Now, Barack Obama has surrendered control of the budget to the Tea Party, whose operatives in congress used the same suicide-bomber tactic, threatening a catastrophic default unless the Democrats committed to a regime of steep spending cuts without any tax increases on the wealthy.
Labels: American Oligarchy, bloggers, truth, wussy-ass Democrats
Mr. Obama, seeking to appeal to the broad swath of independent voters, has adopted the Republicans’ language and in some cases their policies, while signaling a willingness to break with liberals on some issues.
That has some progressive members of Congress and liberal groups arguing that by not fighting for more stimulus spending, Mr. Obama could be left with an economy still producing so few jobs by Election Day that his re-election could be threatened. Besides turning off independents, Mr. Obama risks alienating Democratic voters already disappointed by his escalation of the war in Afghanistan and his failure to close the Guantánamo Bay prison, end the Bush-era tax cuts and enact a government-run health insurance system.
“The activist liberal base will support Obama because they’re terrified of the right wing,” said Robert L. Borosage, co-director of the liberal group Campaign for America’s Future.
But he said, “I believe that the voting base of the Democratic Party — young people, single women, African-Americans, Latinos — are going to be so discouraged by this economy and so dismayed unless the president starts to champion a jobs program and take on the Republican Congress that the ability of labor to turn out its vote, the ability of activists to mobilize that vote, is going to be dramatically reduced.”
Labels: america R.I.P., despair, spinelessness, Teabag America, we ar, wussy-ass Democrats
Well, everyone has an imaginary scenario, so here's mine.
The Obama Administration announces next week today that since the GOP refuses to participate in good faith in the actual work of governing the United States, in order to avoid defaulting on our national debt and sending the world into a global financial meltdown, the Administration would accede to Republican demands that all deficit reduction be accomplished solely by making radical cuts to existing government programs with no increase in taxes.
However, in the spirit of the Time Honored Conservative Principle of Federalism, the President adds that the cuts would not be allocated programmatically, but geographically by state.
[snip]
Under the Obama Administration's proposed "Reward Wealth Producers and Penalize Moochers American Value Re-alignment" Act, "wealth producing" states such as New York, California, Illinois who have traditionally received less than a dollar back for every dollar they pay in taxes would be exempt from any budgetary cuts, and would qualify for across-the-board tax cuts since wealth-producing states should always be accommodated and encouraged in every way possible, regardless of circumstances.
On the other hand, the "welfare mooching, deficit-teat-sucking" states such as Kansas, Arizona, Kentucky and Alaska who have for years gotten away with parasitically looting their wealth-producing neighbors by receiving more than a dollar back for every dollar they pay in taxes will now assume 100% of the responsibility for eliminating the federal budget deficit. Each of these welfare mooching, deficit-teat-sucking states will be given a block rescission amount representing the percentage of the federal deficit for which they will be now be help legally responsible.
Labels: debt, deficits, Greedy Republican Bastards, wussy-ass Democrats
The federal debt limit is a strange quirk of U.S. budget law: since debt is the consequence of decisions about taxing and spending, and Congress already makes those taxing and spending decisions, why require an additional vote on debt? And traditionally the debt limit has been treated as a minor detail. During the administration of former President George W. Bush — who added more than $4 trillion to the national debt — Congress, with little fanfare, voted to raise the debt ceiling no less than seven times.
So the use of the debt ceiling to extort political concessions is something new in American politics. And it seems to have come as a complete surprise to Mr. Obama.
Last December, after Mr. Obama agreed to extend the Bush tax cuts — a move that many people, myself included, viewed as in effect a concession to Republican blackmail — Marc Ambinder of The Atlantic asked why the deal hadn’t included a rise in the debt limit, so as to forestall another hostage situation (my words, not Mr. Ambinder’s).
The president’s response seemed clueless even then. He asserted that “nobody, Democrat or Republican, is willing to see the full faith and credit of the United States government collapse,” and that he was sure that John Boehner, as speaker of the House, would accept his “responsibilities to govern.”
Well, we’ve seen how that worked out.
Now, Mr. Obama was right about the dangers of failing to raise the debt limit. In fact, he understated the case, by focusing only on financial confidence.
Not that the confidence issue is trivial. Failure to raise the debt limit — which would, among other things, disrupt payments on existing debt — could convince investors that the United States is no longer a serious, responsible country, with nasty consequences. Furthermore, nobody knows what a U.S. default would do to the world financial system, which is built on the presumption that U.S. government debt is the ultimate safe asset.
But confidence isn’t the only thing at stake. Failure to raise the debt limit would also force the U.S. government to make drastic, immediate spending cuts, on a scale that would dwarf the austerity currently being imposed on Greece. And don’t believe the nonsense about the benefits of spending cuts that has taken over much of our public discourse: slashing spending at a time when the economy is deeply depressed would destroy hundreds of thousands and quite possibly millions of jobs.
So failure to reach a debt deal would have very bad consequences. But here’s the thing: Mr. Obama must be prepared to face those consequences if he wants his presidency to survive.
Bear in mind that G.O.P. leaders don’t actually care about the level of debt. Instead, they’re using the threat of a debt crisis to impose an ideological agenda. If you had any doubt about that, last week’s tantrum should have convinced you. Democrats engaged in debt negotiations argued that since we’re supposedly in dire fiscal straits, we should talk about limiting tax breaks for corporate jets and hedge-fund managers as well as slashing aid to the poor and unlucky. And Republicans, in response, walked out of the talks.
So what’s really going on is extortion pure and simple. As Mike Konczal of the Roosevelt Institute puts it, the G.O.P. has, in effect, come around with baseball bats and declared, “Nice economy you have here. A real shame if something happened to it.”
And the reason Republicans are doing this is because they must believe that it will work: Mr. Obama caved in over tax cuts, and they expect him to cave again. They believe that they have the upper hand, because the public will blame the president for the economic crisis they’re threatening to create. In fact, it’s hard to avoid the suspicion that G.O.P. leaders actually want the economy to perform badly.
A predominant characteristic, however, of those I call evil is scapegoating. Because they consider themselves beyond reproach, they must lash out at anyone who does reproach them. They sacrifice others to serve their self-image of perfection.
Since the evil, deep down, feel themselves to be faultless, it is inevitable that when they are in conflict with the world they will invariably perceive the conflict as the world's fault.
[...]
Evil, then, is most often committed in order to scapegoat...
Labels: Barack Obama, economic death watch, evil, wussy-ass Democrats
A senator on Sunday called for a "no-ride list" for Amtrak trains after intelligence gleaned from the raid on Osama bin Laden's compound pointed to potential attacks on the nation's train system.
Sen. Charles Schumer said he would push as well for added funding for rail security and commuter and passenger train track inspections and more monitoring of stations nationwide.
"Circumstances demand we make adjustments by increasing funding to enhance rail safety and monitoring on commuter rail transit and screening who gets on Amtrak passenger trains, so that we can provide a greater level of security to the public," the New York Democrat said at a news conference.
U.S. officials last week said evidence found after the raid on bin Laden's compound in Pakistan indicated the al Qaeda leader or his associates had engaged in discussions or planning for a possible attack on a train inside the United States on September 11, 2011.
Schumer, citing U.S. intelligence analysts, said attacks were also considered on Christmas and New Year's Day and following the president's State of the Union address.
He called on the U.S. Department of Homeland Security to expand the Secure Flight monitoring program, which cross-checks air travelers with the terror watch list in an attempt to prevent anyone on the "no-fly list" from boarding, for use on Amtrak.
Such a procedure would create an Amtrak "no-ride list" to keep suspected terrorists off the U.S. rail system, he said.
So Al Qaeda breathes the word "trains" and Schumer jumps and demands the creation of a massive, expensive and oppressive new Security State program to keep thousands and thousands of people off trains. The "no-fly" list has been nothing short of a Kafkaesque disaster: with thousands of people secretly placed on it without any explanation or real recourse, oftentimes causing them to be stranded in faraway places and unable to return home.
To replicate that for trains -- all because some documents mentioned them among thousands of other ideas Al Qaeda has undoubtedly considered over the years -- is hysteria and ludicrous over-reaction of the highest order. Trains can obviously be attacked without boarding them (indeed, these documents apparently discussed tampering with the rails, which wouldn't require boarding the trains at all). And if there's a "no-ride" list for Amtrak, why not for subways and buses, too? If Al Qaeda is found to have discussed targeting restaurants, will we have a no-eat list? If Al Qaeda is found to have discussed targeting large intersections or landmarks, will we have a no-walk list? How about a no-shop list in response to the targeting of malls?
But this, more or less, encapsulates the U.S. response to Terrorism since 9/11: the minute Al Qaeda utters a peep about anything, the political class collectively jumps to restrict our freedoms, empower the Government, and bankrupt ourselves in self-destructive pursuit of the ultimate illusion: Absolute Security. Al Qaeda has caused us to do more harm to ourselves than it could have ever dreamed of imposing on its own. And even in death, Osama bin Laden continues to serve as the pretext for all of this.
Labels: assholes, Chuck Schumer, just another outrage, security theatre, Teh Stoopid, wussy-ass Democrats
Of course, the real story is never what it seems with O'Keefe. From the selectively edited Acorn videos to his abortive efforts to "take down" Senator Mary Landrieu (Democrat, Lousiana), which resulted in criminal charges, to his sophomoric attempts to get a CNN reporter in a room with him and a variety of sex toys, the mainstream media has had plenty of warning about his love of "truthiness" and disregard for actual facts. And, as with most of O'Keefe's videos to date, releasing selectively edited, embed-friendly clips got him exactly the coverage (and notches on his Flipcam) that he wanted – even as the full footage showed that almost everything he claimed to have discovered was untrue.
In the end, though, it wasn't the "liberal" media that jumped to NPR's defence, or even the mainstream media that O'Keefe and his followers decry as biased. It was Glenn Beck's conservative site, the Blaze, that thoroughly debunked the videos long after the mainstream media had breathlessly and largely uncritically reported their existence with the exact framing O'Keefe intended: NPR caught on tape defaming conservatives! Given the maelstrom of the 24-hour cable and internet news cycle, and in the midst of a pitched battle over Republican budget cuts, NPR's board waved the white flag and offered up its sacrificial CEO to the outstretched claws of the partisan attack machine.
Of course, after the videos have been debunked, NPR remembered to do the due diligence it should have done before and decided the videos were "inappropriately edited". Unlike former agriculture department employee Shirley Sherrod, who was fired in haste by Agriculture Secretary Tom Vilsack and later got an apology after her misleadingly edited video was debunked, there's not likely to be much absolution for either of the hastily-booted NPR executives. Despite some navel-gazing by reporters who shouldn't have swallowed anything from O'Keefe without a massive grain of salt to accompany it, the sad truth is that O'Keefe's reputation hardly had further to fall when they bought his story once again.
So, for all the evidence that should lead to the contrary, the great likelihood is that O'Keefe's headline-baiting videos will continue to claim victims. And reporters and editors will vow to learn, and then be unable to resist a good, truthy story – even if it's not the actual, you know, truth. After all, they can always run a correction – without losing their jobs.
Labels: NPR, spinelessness, wussy-ass Democrats
U.S. House Republicans, who swept into power promising to rein in the federal deficit, have proposed policies in their first week that would make the shortfall worse.
Moves to repeal President Barack Obama’s health-care law and promises to extend Bush-era tax cuts and offer other breaks would add more than $1 trillion to the deficit over the next 10 years, based on reports from the nonpartisan Congressional Budget Office and the Joint Committee on Taxation.
In one of their first votes, Republicans changed anti- deficit rules to allow for tax cuts that aren’t paid for by savings elsewhere in the budget. New spending would have to be offset with cuts elsewhere, though tax increases to fund new programs would be prohibited.
“They are willing to increase the deficit if it comes as a result of things they want to do, specifically tax cuts,” said Stan Collender, a former congressional budget aide and now managing director of Qorvis Communications in Washington. “It’s a little disingenuous at best.”
The new Republican exemptions to the so-called pay-go budget rules will be “dead on arrival in the Senate,” Senator Charles Schumer a New York Democrat, told reporters yesterday.
Extending tax cuts for the highest-income Americans for just two years, as Congress did last month, will cost about $81.5 billion, according to a December report by the Joint Committee on Taxation. Extending lower rates on most capital gains and dividends will cost $53.1 billion over two years. A reduced estate tax rate will cost $68.1 billion. Over a period of 10 years, the cuts would add more than $1 trillion to the deficit, combined with a repeal of the health-care law.
Labels: deficits, hypocrisy, It's OK if You're a Republican, wussy-ass Democrats
Labels: capitulation, Elizabeth Edwards, taxes, unemployment, wussy-ass Democrats
White House officials and Congressional Republicans said Sunday they were closing in on a deal to temporarily continue the Bush-era tax cuts at all income levels, while bitterly frustrated Democratic Congressional leaders began exploring whether they would have the votes for such a package.
[snip]
Senior Democrats on Sunday said that they were resigned to defeat in the highly charged tax debate, and they voiced dismay.
“We’re moving in that direction,” Senator Richard J. Durbin of Illinois, the No. 2 Democrat said dejectedly when Bob Schieffer, host of “Face the Nation” on CBS, asked him if the 2001 and 2003 tax rates would be extended even for the wealthy. “And we’re only moving there against my judgment,” Mr. Durbin added.
In meetings with administration officials after the Senate votes, the House speaker, Nancy Pelosi, and many other House and Senate Democrats voiced deep unhappiness at the prospect of extending all the tax cuts and also expressed their belief that the White House did not appear to be getting enough for such a big concession, officials said.
Worried that lawmakers will allow taxes to rise for the wealthiest Americans beginning next year, financial firms are discussing whether to move up their bonus payouts from next year to this month.
At stake is a portion of the hefty annual payouts that are a familiar part of the compensation culture on Wall Street, as well as a juicy target of popular anger. If Congress does not extend the Bush-era tax cuts for the highest income levels, a typical worker who earns a $1 million bonus would pay $40,000 to $50,000 more in taxes next year than this year, depending on base salary.
Goldman Sachs is one of the companies discussing how to time bonus season, according to three people who have been briefed on the discussions. Pay consultants who work with major Wall Street companies say that just about every other large bank has also considered such a move in recent weeks.
With tax politics in Washington unpredictable, bank executives have spent months sketching out several options for their bonus plans, including the possibility of an earlier payout. Lawmakers have been trading accusations across a partisan divide, but after this weekend, it appears likely that a compromise will extend the tax cuts for all income levels.
Even so, the banks’ discussions about bonus timing underscore how focused the industry is on protecting every dollar of pay.
Back in 2001, former President George W. Bush pulled a fast one. He wanted to enact an irresponsible tax cut, largely for the benefit of the wealthiest Americans. But there were Senate rules in place designed to prevent that kind of irresponsibility. So Mr. Bush evaded the rules by making the tax cut temporary, with the whole thing scheduled to expire on the last day of 2010.
The plan, of course, was to come back later and make the thing permanent, never mind the impact on the deficit. But that never happened. And so here we are, with 2010 almost over and nothing resolved.
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Bear in mind that Republicans want to make those tax cuts permanent. They might agree to a two- or three-year extension — but only because they believe that this would set up the conditions for a permanent extension later. And they may well be right: if tax-cut blackmail works now, why shouldn’t it work again later?
America, however, cannot afford to make those cuts permanent. We’re talking about almost $4 trillion in lost revenue just over the next decade; over the next 75 years, the revenue loss would be more than three times the entire projected Social Security shortfall. So giving in to Republican demands would mean risking a major fiscal crisis — a crisis that could be resolved only by making savage cuts in federal spending.
And we’re not talking about government programs nobody cares about: the only way to cut spending enough to pay for the Bush tax cuts in the long run would be to dismantle large parts of Social Security and Medicare.
According to a new CBS News poll, however, Boehner is off-base in his claim that Americans "want us to stop all the looming tax hikes."
The poll finds that 53 percent of Americans want the Bush-era tax cuts extended only for households earning less than $250,000 per year. That roughly matches the proposal put forth by the White House, which wants to extend the cuts only for incomes less than $250,000 for families and $200,000 for individuals.
Just 26 percent of Americans say they support extending the cuts for all Americans, even those earning above the $250,000 level, which is the GOP proposal.
Labels: despair, Greedy Republican Bastards, wussy-ass Democrats