agree on this

But missing from the debate – and, in fact, much current discussion of America’s politics – is the single biggest issue facing the country: the destruction of the American middle class.

In fact, so staggeringly unbalanced has America become that the richest 400 American families have the same net worth as the bottom 50% of the nation. 

It all comes back to the age-old problem of distribution of resources.

If there is too much debt out there, then there also must be too many loans held by investors.

Or, to put it another way, the investor class has too much money !

We’ve gotten into this ‘too much debt’ problem to a large degree because of pressure from investors looking for a lucrative place to park their ‘too many assets’. The private debt market dwarfs government borrowing.

simple & simpler

Let’s see now. What is strategy?

Bush cites book after book that influenced his thinking in the White House.

The Bible, for one, and he quotes Lincoln, who called it “the best gift God has given to man.”

After 9/11, he thought of Lincoln’s declaration that the battle between freedom and tyranny was “an issue which can only be tried by war, and decided by victory”—words, he says, that framed his policy toward the war on terror.

era of grab

Chart the growth in U.S. household income since 1917.

See the money between the Top 10% and the Bottom 90% of Americans.

» Between 1948 and 1979 the richest 10% accounted for a third of average income growth.

» Between 1979 and 2007 the richest 10% accounted for a full 91% of average income growth.

When income grows, who gains?

domestic disuse

G. W. Bush at 9/11 football game in Dallas… A football fan who angered another man by not standing during the national anthem is attacked with a Taser.

Record 46.2 million Americans live in poverty, Census Bureau says.

That’s 1 in 6.

The poverty threshold last year was an income of $11,139 for one person and $22,314 for a family of four.

Warren Buffet, the third richest man in world:

“Our leaders have asked for ‘shared sacrifice.’ But when they did the asking, they spared me. … While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks … [from] a billionaire-friendly Congress.”

War after 9/11 reaches $3.3 trillion. While not all of the costs have been borne by the government — and some are still to come — this total equals one-fifth of the current national debt.

  • Congressional Research Service (war funding);
  • Congressional Budget Office (war funding,health care to date);
  • Joseph E. Stiglitz and Linda J. Bilmes, “The Three Trillion Dollar War,” and updates by the authors (veterans’ care, disability payments to date, estimates of value of life for war casualties);
  • John Mueller and Mark G. Stewart, “Terror, Security and Money: Balancing the Risks, Benefits, and Costs of Homeland Security”(homeland security);
  • Garrick Blalock, Cornell University (drivingdeaths);
  • “Terrorism, Economic Development, and Political Openness” (lost time at airports in 2004);
  • Adam Rose, Center for Risk and Economic Analysis of Terrorism Events at the University of Southern California (economic impact);
  • Insurance Information Institute (event cancellation);
  • Office of the New York City Comptroller (2002 estimates of physical damage);
  • ‘Costs of War’ project, Eisenhower Research Project at Brown University (cost of war,including indirect defense costs);
  • Todd Harrison, Center for Strategic and Budgetary Assessments (possible future war spending);
  • Department of Defense (Pentagon repair,defense spending deflators);
  • Bureau of Economic Analysis (G.D.P. deflators);
  • All value of life calculations are based on E.P.A. guidelines used to evaluate new regulations.Current guidelines suggest the value of life is around $8 million, but estimates vary widely.

Gerald Caplan at Toronto’s Globe & Mail:

Ten years after the trauma of 9/11, the richest 1 per cent of American households earn as much as the bottom 60 per cent and have as much wealth as the bottom 90 per cent. But you ain’t seen nothing yet. Combine low taxes with tax credits, tax havens and tax loopholes, and you’ll come upon a capitalist nirvana where many of the largest corporations pay no taxes at all and where, according to estimates by the Tax Justice Network, trillions of corporate dollars are hidden away, costing perhaps a quarter of a trillion dollars in foregone taxes. No prizes for guessing where it goes instead of to the public good.

There are more filthy rich folks now than at any other moment in history and they’re leveraging their astounding wealth to make sure they get filthier at the expense of the rest of us, still of course the vast majority. What is true of America is equally true of Britain and increasingly true of Canada. While the middle class shrinks, the working class slips backwards and social mobility erodes, the rich buy themselves politicians, lobbyists, legal beagles, slick accountants, “trained economists,” television networks, “think” tanks and whatever other apparatus is needed to make them even richer. Their success surpasses even the most piggish of expectations.

Osama bin Laden inflicted a terrible crime on the American people. America’s elites and their allies have done the rest.

why politics is nutty

Reflections of a GOP Operative Who Left the Cult:

Both parties are rotten – how could they not be, given the complete infestation of the political system by corporate money on a scale that now requires a presidential candidate to raise upwards of a billion dollars to be competitive in the general election?

Both parties are captives to corporate loot.

But both parties are not rotten in quite the same way. The Democrats have their share of machine politicians, careerists, corporate bagmen, egomaniacs and kooks.

Nothing, however, quite matches the modern GOP.

To those millions of Americans who have finally begun paying attention to politics and watched with exasperation the tragicomedy of the debt ceiling extension, it may have come as a shock that the Republican Party is so full of lunatics.

It should have been evident to clear-eyed observers that the Republican Party is becoming less and less like a traditional political party in a representative democracy and becoming more like an apocalyptic cult, or one of the intensely ideological authoritarian parties of 20th century Europe.

This trend has several implications, none of them pleasant.

pondering upcoming

here we go, history on the wall all over again !

ONE day during the 2008 campaign, as Barack Obama read the foreboding news of the mounting economic and military catastrophes that W. was bequeathing his successor, he dryly remarked to aides: “Maybe I should throw the game.”

On the razor’s edge of another recession; blocked at every turn by Republicans determined to slice him up at any cost; starting an unexpectedly daunting re-election bid; and puzzling over how to make a prime-time speech about infrastructure and payroll taxes soar, maybe President Obama is wishing that he had thrown the game.

The leader who was once a luminescent, inspirational force is now just a guy in a really bad spot.

 

[er, wow, gee, Zo, that’s a bunch of pepper]

we are so often foolish

Christiane and Stanley Kubrick and their great principle in life:

“Always be suspicious of people who have, or crave, power.”

All Stanley Kubrick’s life he said,

‘Never, ever go near power. Don’t become friends with anyone who has real power. It’s dangerous.’

Charm is attractive to many. And potent.

When you need propaganda, where do you turn?

“Where my uncle was an enormous fool, as many talented people are, was that he mistook his gift for intelligence,” says Christiane.

“He was a great big famous film person. He looked better and talked better and had enormous charm. So he thought he was also far more intelligent than Mr Goebbels. Goebbels was 10,000 times smarter than my uncle.”

“Film people, actors, are puppets. We are silly. We are silly folk.”

 

Christiane Kubrick. A few moments with an enlightened conscience.

Widow of film director Stanley Kubrick, her 41-year-old marriage, the director’s lost project about the Holocaust and his secret love of the waltz…

every lie is criminal

It seems to tell a lie may become unconstitutional.

Wake your brain on that !

1) Judge Jay S. Bybee wrote that “false statements of fact . . . generally fall outside First Amendment protection.”

2) False statements of all kinds, he reasoned, are a complete exception to the First Amendment, just like child pornography, fighting words, or soliciting a hitman to kill your spouse.

Do not think I will tell you what I think nor tell you my opinion nor say a word, because…

3) It should be noted that, as head of the Office of Legal Counsel, Bybee also gave the green light for government to use waterboarding and other tortures, undoubtedly only to elicit truthful speech.

 

nutsorama

Now, we don’t know who will win next year’s presidential election. But the odds are that one of these years the world’s greatest nation will find itself ruled by a party that is aggressively anti-science, indeed anti-knowledge. And, in a time of severe challenges — environmental, economic, and more — that’s a terrifying prospect.

Paul Krugman illustrating Republican candidates:

…those scientists are just in it for the money, “manipulating data” to create a fake threat. In his book “Fed Up” he dismissed climate science as a “contrived phony mess that is falling apart.”

I could point out that Mr. Perry is buying into a truly crazy conspiracy theory, which asserts that thousands of scientists all around the world are on the take, with not one willing to break the code of silence.

I could also point out that multiple investigations into charges of intellectual malpractice on the part of climate scientists have ended up exonerating the accused researchers of all accusations.

But never mind: Mr. Perry and those who think like him know what they want to believe, and their response to anyone who contradicts them is to start a witch hunt.

will never give up

“It was the path to freedom. We later conducted the first free elections in Russia in 1,000 years.”

Part 1: ‘They Were Truly Idiots’

Gorbachev: The Soviet Communist Party was a huge machine. At some point, it began throwing spokes into the wheels. It was the initiator of perestroika, but then it became its biggest obstacle.

I understood that nothing would work without deep-seated political reforms. After suffering a defeat in the first democratic elections, the establishment joined forces and openly attacked me at a meeting of the party leadership. That was when I announced my resignation and left the plenary chamber.

SPIEGEL: But that was only in April 1991, eight months before the end of the Soviet Union. Besides, you returned. You allowed yourself to be persuaded once again, instead of using the moment to send the old party packing.

Gorbachev: Yes, I came back after three hours. Some 90 comrades had already established a list for a new Gorbachev party, which would have created a schism. I joined the Communist Party at 19, when I was still in school. My father had been on the front and my grandfather was an old communist — and I was supposed to blow the whole thing up? Today I know that I should have done it. But the man sitting in front of you is not a so-called statesman, but a completely normal person. Someone with a conscience, and that conscience tortured me constantly.

Part 2: Yeltsin Was ‘Infatuated with Power, Thirsty for Glory’

Gorbachev: … he was already very, very self-confident. When we wanted to bring him into the national party, many advised us against it. They later elected him as party leader in Moscow. I supported it. He was energetic, and it took a long time for me to recognize my mistake. He was extremely infatuated with power, haughty and thirsting for glory, a domineering person. He always believed that he was being underestimated, and he constantly felt insulted. He should have been shunted out of the way and made an ambassador in a banana republic, where he could have smoked water pipes in peace.

 

hog tied tea bagged

guy spends two years in the Tea Party, discovers books for children…

The Tea Party is no longer about economics, not that it ever solely was. At the larger rallies and for the cameras (CNN or laptop), they hold forth about founding fathers, liberty, spending, deficits, TARP, kicking cans down roads, taxes, living within means and fiscal responsibility. But when the lights are off, it’s all about Jesus, with ‘God’ thrown in, on occasion, for Israel.

What I Learned in Two Years at the Tea Party, by Abe Sauer

globe & fail

If we worry about human suffering, war does not make sense. …every conceivable fear is fear of our invincibility

…our most extraordinary knee deep

… strategic patience

Fear, Optimism, Guilt = War

Saying so little. Let’s get real. There’s nothing in our way. Words. Too few ideas. We like ideas. Darn it. We are starving out here. Something is wrong about shilling. Colonels are a good rank to do it. Billionaires are the best at it. I’m born to worry about both. My mom says I have dead brothers in old wars. When will we ignore? It’s sick. America is what we do. Damn it’s tiring. We won’t make dreams come true.

Rory Stewart, a member of the British Parliament, examines the effects of political and military interventions.

“Lack of attention to details such as a region’s language, culture, and political and social mores can lead to failure.”

…lead to war.

Our world is odd.
It does not make sense.
If we worry about human suffering, war is bad.

fifth ocean ahead

Watching head of the Navy on C-Span last night. [August 19] He said the Arctic will be an open ocean in 25 years; that this is one of the major events of the 21st Century, and that a broad series of adjustments are necessary, and are being implemented.

Navy Adm. Gary Roughead, chief of naval operations:
The region is “extraordinarily important for our Navy, for our military, and for our nation.

There is a phenomenal event taking place on the planet today. We haven’t had an ocean open on this planet since the end of the Ice Age.

“So, if this is not a significant change that requires new, and I would submit, brave thinking on the topic, I don’t know what other sort of physical event could produce that.”

Previous news release: http://www.defense.gov/news/newsarticle.aspx?id=64474

it’s all at the top

Warren Buffet’s essay in the NY Times: “Stop Coddling the Super-Rich

Thinmk about this statement via John Robb:

“It should have been self evident that a ‘plutonomy’ wasn’t stable. Centralized demand is as toxic as centralized planning for an economy.”

 

When the rich steal from everyone,
it’s Free Markets;

When the rich steal from the rich for the poor,
it’s Noblesse Oblige;

When the middle steal from the middle,
it’s Good Business;

When the rich and the middle steal from the poor,
it’s Fiscal Responsibility;

When the poor steal from the rich and the middle,
it’s Criminal;

When the poor steal from the poor,
it’s Tough Luck.

 

Thinmk about this statement via Umair Haque:

“The institutions of advanced economies are being ever more perfectly tuned for wealth extraction. The result, of course: impoverishment.”

 

Also see:
American Plutonomy
American Plutonomy 2

darkening tea

NY Times:

The Tea Party is increasingly swimming against the tide of public opinion: among most Americans, even before the furor over the debt limit, its brand was becoming toxic.

The Tea Party ranks lower than any of the 23 other groups we asked about — lower than both Republicans and Democrats. It is even less popular than much maligned groups like “atheists” and “Muslims.” Interestingly, one group that approaches it in unpopularity is the Christian Right.

And:

Next to being a Republican, the strongest predictor of being a Tea Party supporter today was a desire, back in 2006, to see religion play a prominent role in politics.

And Tea Partiers continue to hold these views: they seek “deeply religious” elected officials, approve of religious leaders’ engaging in politics and want religion brought into political debates.

The Tea Party’s generals may say their overriding concern is a smaller government, but not their rank and file, who are more concerned about putting God in government.

This inclination among the Tea Party faithful to mix religion and politics explains their support for Representative Michele Bachmann of Minnesota and Gov. Rick Perry of Texas. Their appeal to Tea Partiers lies less in what they say about the budget or taxes, and more in their overt use of religious language and imagery, including Mrs. Bachmann’s lengthy prayers at campaign stops and Mr. Perry’s prayer rally in Houston.

Yet it is precisely this infusion of religion into politics that most Americans increasingly oppose.

tiny tiny thieves

well, it’s a long long inquiry, science of cancer, but get this:

“That’s not all. Scientists have also discovered that most of the protein-coding cells, the cogs of cancer, are tiny microorganisms living in the body….

“So little is known about some of these new theories, including the microbes – which contain individual sets of DNA themselves – and seem to communicate with cells throughout the body.

“It’s astonishing, really.”

From last spring’s American Association for Cancer Research, let’s review a partial list of what causes cancer: carpentry, coffee, diesel and gas and freeway exhaust, mothballs, nickel jewelry, pickled food, the color white ! and microorganisms.

As the NYTimes reports:

As they look beyond the genome, cancer researchers are also awakening to the fact that some 90 percent of the protein-encoding cells in our body are microbes.

We evolved with them in a symbiotic relationship, which raises the question of just who is occupying whom.

“We are massively outnumbered,” said Jeremy K. Nicholson, chairman of biological chemistry and head of the department of surgery and cancer at Imperial College London.

Altogether, he said, 99 percent of the functional genes in the body are microbial.

bloody stunning

we are less than a tenth of our cells
no, we are less than 1% of our cells!
where to run? what to swat?