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Elizabeth Warren Should Run Against Obama

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Now that President Obama has thrown Elizabeth Warren under the bus by nominating Richard Cordray to head the Consumer Financial Protection Bureau (CFPB), she is free to challenge Obama in the 2012 election.  It’s not a very likely scenario, although it’s one I’d love to see:  Warren as the populist, Independent candidate – challenging Obama, the Wall Street tool – who is already losing to a phantom, unspecified Republican.

A good number of people were disappointed when Obama failed to nominate Warren to chair the CFPB, which was her brainchild.  It was bad enough that Treasury Secretary “Turbo” Tim Geithner didn’t like her – but once the President realized he was getting some serious pushback about Warren from Senate Republicans – that was all it took.  Some Warren supporters have become enamored with the idea that she could challenge Scott Brown for his seat representing Massachusetts in the Senate.  However, many astute commentators consider that as a really stupid idea.  Here is the reaction from Yves Smith of Naked Capitalism:

We argued yesterday that the Senate was not a good vehicle for advancing Elizabeth Warren’s aims of helping middle class families, since she would have no more, and arguably less power than she has now, and would be expected to defend Democrat/Obama policies, many of which are affirmatively destructive to middle class interests (just less so than what the Republicans would put in place).

A poll conducted in late June by Scott Brown and the Republican National Committee raises an even more basic question:  whether she even has a shot at winning.

*   *   *

The poll shows a 25 point gap, which is a massive hurdle, and also indicates that Brown is seen by many voters as not being a Republican stalwart (as in he is perceived to vote for the state’s, not the party’s, interest).  A 25 point gap is a near insurmountable hurdle and shows that Warren’s reputation does not carry as far as the Democratic party hackocracy would like her fans to believe.  But there’s no reason not to get this pesky woman to take up what is likely to be a poisoned chalice.  If she wins, she’s unlikely to get on any important committees, given the Democratic party pay to play system, and will be boxed in by the practical requirements of having to make nice to the party and support Obama positions a meaningful portion of the time. And if she runs and loses, it would be taken as proof that her middle class agenda really doesn’t resonate with voters, which will give the corporocrats free rein (if you can’t sell a liberal agenda in a borderline Communist state like Massachusetts, it won’t play in Peoria either).

Obviously, a 2012 challenge to the Obama Presidency by Warren would be an uphill battle.  Nevertheless, it’s turning out to be an uphill battle for the incumbent, as well.  David Weidner of MarketWatch recently discussed how Obama’s failure to adequately address the economic crisis has placed the President under the same pressure faced by many Americans today:

He’s about to lose his job.

*   *   *

Blame as much of the problem on his predecessor as you like, the fact is Obama hasn’t come up with a solution.  In fact, he’s made things worse by filling his top economic posts with banking-friendly interests, status-quo advisers and milquetoast regulators.

And if there’s one reason Obama loses in 2012, it’ll be because he failed to surround himself with people willing to take drastic action to get the economy moving again.

In effect, Obama’s team has rewarded the banking industry under the guise of “saving the economy” while abandoning citizens and consumers desperate for jobs, credit and spending power.

There was the New York Fed banker cozy with Wall Street: Timothy Geithner.

There was the former Clinton administration official who was the architect of policies that led to the financial crisis: Larry Summers.

There was a career bureaucrat named to lead the Securities and Exchange Commission:  Mary Schapiro.

To see just how unremarkable this group is, consider that the most progressive regulator in the Obama administration, Federal Deposit Insurance Corp. Chairman Sheila Bair, was a Republican appointed by Bush.

*   *   *

The lack of action by Obama’s administration of mediocrities is the reason the recovery sputters.  In essence, the turnaround depends too much on a private sector that, having escaped failure, is too content to sit out what’s supposed to be a recovery.

*   *   *

What began as a two-step approach:  1) saving the banks, and then 2) saving homeowners, was cut short after the first step.

Instead of extracting more lending commitments from the banks, forcing more haircuts on investors and more demands on business, Obama has let his team of mediocrities allow the debate to be turned on government.  The government caused the financial crisis.  The government ruined the housing market.

It wasn’t true at the start, but it’s becoming true now.

Despite his status as the incumbent and his $1 billion campaign war chest, President Obama could find himself voted out of office in 2012.  When you consider the fact that the Republican Party candidates who are currently generating the most excitement are women (Bachmann and the undeclared Palin) just imagine how many voters might gravitate to a populist female candidate with substantially more brains than Obama.

The disillusionment factor afflicting Obama is not something which can be easily overlooked.  The man I have referred to as the “Disappointer-In-Chief” since his third month in office has lost more than the enthusiasm of his “base” supporters – he has lost the false “progressive” image he had been able to portray.  Matt Stoller of the Roosevelt Institute explained how the real Obama had always been visible to those willing to look beyond the campaign slogans:

Many people are “disappointed” with Obama.  But, while it is certainly true that Obama has broken many many promises, he projected his goals in his book The Audacity of Hope.  In Audacity, he discussed how in 2002 he was going to give politics one more shot with a Senate campaign, and if that didn’t work, he was going into corporate law and getting wealthy like the rest of his peer group.  He wrote about how passionate activists were too simple-minded, that the system basically worked, and that compromise was a virtue in and of itself in a world of uncertainty. His book was a book about a fundamentally conservative political creature obsessed with process, not someone grounded in the problems of ordinary people.  He told us what his leadership style is, what his agenda was, and he’s executing it now.

I expressed skepticism towards Obama from 2005, onward.  Paul Krugman, Debra Cooper, and Tom Ferguson among others pegged Obama correctly from day one.  Obama broadcast who he was, through his conservative policy focus (which is how Krugman pegged him), his bank backers (which is how Ferguson pegged him), his political support of Lieberman (which is how I pegged him), and his cavalier treatment of women’s issues (which is how Debra Cooper pegged him).  He is doing so again, with his choice to effectively remove Elizabeth Warren from the administration.

I just wish Elizabeth Warren would fight back and challenge Obama for The White House.  If only   .   .   .


 

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Tool-Trashing Time

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I never liked Joe “The Tool” Lieberman.  If you run that name (nickname included) on the search bar at the upper-right corner of this page, you will find a total of 13 previous entries wherein I discussed him in uncomplimentary terms.  What bugs me most about Lieberman is that so many people consider him as the personification of centrism.  I believe that Lieberman gives centrism a bad name because he is simply an opportunist.    The guy doesn’t really appear to stand for anything in particular – he is simply a tool for whatever lobbyist or other interest group is willing to play his quid pro quo game.  After Lieberman lost the Democratic Primary for his Senate seat in 2006, he chose to run as an Independent and in the process, he betrayed those individuals who contributed to his election campaign, believing that Lieberman would champion the causes he advanced before he had to sell his soul to Bush and Cheney in order to save his political hide.  It was only because Ned Lamont (the man who defeated him in the Democratic Primary) came down with a bad case of  The Smug – spending more time vacationing than campaigning for the November election – that Lieberman managed to win a fourth term as junior Senator from Connecticut.

Needless to say, Emily Bazelon’s recent article for Slate, “Good Riddance, Joe Lieberman – Why I loathe my Connecticut Senator” was a real treat.  It was nice to see that a good number of people were as thrilled as I to hear that The Tool was calling it quits.  While discussing the celebratory outpouring of enthusiasm by anti-Lieberman-ites Ms. Bazelon mentioned this:

Another friend, Judy Chevalier, burned up her iPad tonight when I asked her to enumerate why she hates Joe Lieberman.  She ticked off a half-dozen reasons and then said, “The thing is, I did not come up with most of these myself.  They come from many rounds of playing the peculiar Connecticut liberal cocktail party game ‘I hated Joe Lieberman before you hated Joe Lieberman.’ ”  Longtime Lieberman haters, she says, look all the way back to 1993, when Lieberman led a hedge-fund-friendly charge in the Senate against the Financial Accounting Standards Board, which at the time wanted to close the accounting loophole that let corporations duck the recording of stock options on their balance sheets.

As an aside, the first half of that passage was characterized as “the money quote” by the Red State blog and other far-right commentators, anxious to avenge Sarah Palin since her “crosshairs” SarahPac campaign ad was criticized after the attempted assassination of Representative Gabrielle Giffords.  The magic word, “hate” gave the hard right the opportunity to argue that “liberals hate politicians, too”.  Actually, the real “money quote” can be found by clicking on the highlighted language discussing the fight over the Financial Accounting Standards Board rules:

Corporate America aligned with the accounting industry to fight the FASB proposal, with the result that in 1994, the Senate, led by Senator Joseph Lieberman (D-Conn.), passed a non-binding resolution condemning the proposal by a vote of 88-to-9.

“It wasn’t an accounting debate,” says Jim Leisenring, the vice chairman of FASB from 1988 to 2000.  “We switched from talking about, ‘Have we accurately measured the option?’ or, ‘Have we expensed the option on the proper date?’ to things like, ‘Western civilization will not exist without stock options,’ or, ‘There won’t be jobs anymore for people without stock options.’ … People tried to take the argument away from the accounting to be just plainly a political argument.”

Does that rhetoric sound familiar?

After his 2006 victory, Lieberman continued to betray the people of Connecticut by abandoning his duties in the Senate to follow John McCain all along the 2008 campaign trail (including McCain’s trip to Afganistan) in the hope of securing a place for himself in the would-be McCain administration.  The Tool knew he would never win a fifth term in the Senate.  His only hope was to latch on to McCain’s pantsleg and hang on for dear life.  In the wake of that fiasco, The Tool’s approval rating continued to slide and by October of 2010, it was down to 31 percent.  A fifth term in the Senate was definitely out of the question.  His campaign war chest could be put to better uses – such as buying “friendships” before beginning a new career as a lobbyist.

Despite Lieberman’s crucial effort in the repeal of the military’s “don’t ask – don’t tell” policy, it is interesting to observe how many gay people are willing to overlook that good deed while celebrating Lieberman’s retirement.  A review of the comments at the joemygod blog exposes these reactions:

Good riddance.  DADT capped an otherwise awful career as a spoiler.

*   *   *

Thanks for DADT, but not terribly sorry you’re leaving the Senate.  And I really didn’t want the anxiety of watching a 3-way race in CT, which might have sent a wingnut from the Right to the Senate.

*   *   *

good riddance to the man who killed the public option to satisfy his insurance industry friends in Connecticut. a terrible person

So much for that legacy thing   .   .   .

Daniela Altimari of The Hartford Courant’s CapitolWatch blog, revealed a wide spectrum of reactions to Lieberman’s announcement.  As one might expect, the remarks from politicians were painfully cordial, polite and not worth our time here.  I’ll provide you with two of the more interesting quotes:

“Joe Lieberman took millions from insurance companies, Wall Street banks, and other corporate interests – and then did their dirty work in Congress, including killing the public option.  As a result, Lieberman’s poll numbers were disastrous in Connecticut.  His decision to quit in the face of assured defeat is a huge victory for the progressive movement and all Americans who want Democrats to put regular families ahead of corporate interests.”

—  Keauna Gregory, Progressive Change Campaign Committee

*   *   *

“Of all the horrible things Joe Lieberman has done in his hideous career, depriving everyone of the joy at seeing him lose is near the top”

—  Glenn Greenwald of Salon (via Twitter)

The Connecticut Mirror provided these reactions:

“It’s the first thing he’s done in 10 years to make Connecticut Democrats completely happy.”

—  Bill Curry, former state comptroller, as quoted in The New York Times

*   *   *

“He couldn’t leave the Senate fast enough as far as I’m concerned. He’s not only driving Democrats nuts down here, but he’s become a right-wing extremist on everything except the environment and gay rights.”

—  Ralph Nader, as quoted in The Hartford Courant

*   *   *

“He will leave behind a long list of achievements, from helping to consolidate the nation’s intelligence gathering services in a way that appears to make it more difficult to gather intelligence, to threatening to filibuster the health care reform act until it had been watered down to suit his own high principles.  You will find it all in my upcoming book, ‘Everything Bad Is Joe Lieberman’s Fault.’ ”

—  Gail Collins, writing in The New York Times

As we approach The Tool’s final days in the Senate, I will be looking forward to similar tributes.


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Jackass Of The Year Award

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January 1, 2009

At year’s end, we see retrospectives of the most important events, numerous top ten lists and recognitions of achievement in one area or another.  2008 brought a record level of cynicism to the American people because of the economic catastrophe, the Bernie Madoff scandal and the cartoon-like escapades from the Presidential campaign.  Accordingly, it seems only appropriate to pay homage to the biggest Jackass of the Year.  Since I advertise this website as a “Blago-free zone”, the current Governor of Illinois is automatically disqualified from the competition.  So, let’s take a look at some of the runners-up and finally, the winner of the Jackass of the Year Award.

Our first contestant is John Ensign.  He is chairman of the National Republican Senatorial Committee, representing the State of Nevada in the United States Senate.  On November 2, 2008 he appeared on the CBS television program, Face The Nation with Bob Schieffer.  Election day was two days away and Ensign found it necessary to blame the likely Republican losses on the economic downturn.  He described the Republicans’ fate in these terms:

“And we were starting to do very, very well, but when the financial crisis hit, that financial crisis really is — has been a — almost a body blow to Republicans.  And unfortunately, it was allowed to be portrayed that this was a result of deregulation, when in fact it was a result of overregulation.”

That’s right.  Ensign Douchebag thought he could convince the public that the economic crisis was the result of over-regulation of the financial system, rather than the deregulation described by everyone else in the world.  That noble statement certainly rates runner-up status for the Jackass of the Year Award.

Our next contestant is Reverend Jeremiah Wright, former pastor of Chicago’s Trinity United Church of Christ and embarrassment to Barack Obama.  Thank God Reverend Wright’s fifteen minutes of fame are finally over.  Although his infamous sermon with the less-than-patriotic remarks about America was given in 2003, by April of 2008, Rev. Wright made a point of resurrecting the controversy concerning his disappointing association with Barack Obama.   At that time Wright hit the road, appearing on Bill Moyers Journal, speaking before the NAACP and giving a grand performance before the National Press Club.  He made a fool of himself all three times and (perhaps to his disappointment) his bad karma never rubbed off on Barack.  The pastor has also been a disgrace to the name of the Right Reverend Carl Wright (comedic sidekick of Chicago blues maven, Pervis Spann).  Although Jeremiah Wright rated recognition, the competition for the Jackass Award was tough this year.

We cannot overlook the valiant efforts of Joe “The Tool” Lieberman to win this honor.  Although the people of Connecticut elected Joe to represent their state in the Senate, The Tool spent most of 2008 looking like a stray dog, following candidate John McCain around the campaign trial.  You can find my prior rants about Senator Lieberman here, here, here and here.

We must also give consideration to Christopher Cox, the chairman of the Securities and Exchange Commission.  John McCain was on to him.  It just wasn’t fair that poor, old Senator McCain took so much heat for pointing out that Cox had to go.  McCain made the mistake of stating that he, as President, would have authority to fire Cox.  Although he was wrong about that, he was right about the notion that Cox had been a problem for the SEC.  On December 16, Jessie Westerbrook of Bloomberg news reported that Cox was blaming his subordinates for the enforcement lapses that allowed the scam, perpetrated by Bernie Madoff, to continue for several years after the SEC should have stopped it.  Cox apparently believes in the doctrine that “the buck stops” several levels below himself on the SEC food chain.  The environment at the SEC, with Cox at the helm, was best summed up in a December 27 article from the Los Angeles Times by Amit Paley and David Hilzenrath.  Here’s what they had to say about the tenure of Chairman Cox and his performance during the economic crisis:

Though Cox speaks of staying calm in the face of financial turmoil, lawmakers across the political spectrum counter that this is actually another way of saying that his agency remained passive during the worst global financial crisis in decades.  And they claim that Cox’s stewardship before this year — focusing on deregulation as the agency’s staff shrank — laid the groundwork for the meltdown.

“The commission in recent years has handcuffed the inspection and enforcement division,” said Arthur Levitt, SEC chairman during the Clinton administration.  “The environment was not conducive to proactive enforcement activity.”

*    *    *

But former officials said enforcement suffered during his tenure.  A pilot program begun last year required enforcement staff to meet with the commissioners before beginning settlement talks in certain cases involving nonfinancial firms.  Some former officials said the change was just one example of new bureaucratic impediments that slowed enforcement work.  The commissioners also made clear that they thought staff members were being too aggressive in some cases, the officials said.

”I think there has been a sentiment communicated to rank-and-file staff, lawyers and accountants that you don’t go after the establishment,” said Ross Albert, a former special counsel in the enforcement division.
*    *    *
An analysis by law firm Morgan, Lewis & Bockius showed that the SEC’s actions against broker-dealers, who serve as intermediaries in financial trades, dropped about 33%, from about 89 cases in fiscal 2007 to 60 cases in fiscal 2008.

Heckuva’ job, Coxey!   Nevertheless, you have been overshadowed in this year’s competition.

The winner of the 2008 Jackass of the Year Award is a professor from Russia, named Igor Panarin.  He is a former member of the KGB, who is apparently so upset over the breakup of the Soviet Union, that for the past ten years, he has been predicting that the United States would also break up.  On December 29, Andrew Osborn reported in The Wall Street Journal that Panarin has been doing two interviews per day, discussing how “an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S.”  The article explained:

Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar.  Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control.

Worse yet, the other five parts of the country will supposedly become republics that will be part of or under the influence of Canada, the European Union, Mexico, China or Japan.  Osborn’s article included a picture of Panarin’s map, showing how the various segments of the country would be apportioned.  Panarin’s ideas have brought him quite a bit of publicity  . . . and TheCenterLane.com’s Jackass of the Year Award for 2008!  Congratulations, Jackass!

Our Generation Got Old

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October 13, 2008

As John McCain’s Presidential campaign goes swirling down the toilet during the final desperate weeks of its existence, we see its surrogates cling to the non-issue of Obama’s contact with 1960s radical activist, Bill Ayers.  As I said on October 2, McCain missed his chance to take control of this race by opposing the 700-billion-dollar “bailout bill”, which has yet to inspire the confidence of the investing public, foreign markets or the banks.  By reuniting with his old ally from the “campaign finance reform” days, Democratic Senator Russ Feingold of Wisconsin, as well as Democratic rising star, Senator Maria Cantwell of Washington, the “Blue Dog” Democrats and the so-called “House Republicans” led by Jeb Hensarling and Mike Pence, McCain could have secured his position as the man who would take the Republican Party into the new century.  Instead, he chose to follow the advice of the lobbyists who run his campaign:  Steve “Skinhead” Schmidt and (Jeffrey Dahmer look-alike) Rick Davis.  These “Guys on the Plane” (if I may steal an expression from Peggy Noonan) have their careers rooted in the negative campaigning strategies created by Lee Atwater and refined by Karl Rove.  These operatives have no other cards to play.  They have no experience in successful reliance upon a strategy, based solely on portraying their own candidate in a positive way.

As the nation’s economic condition becomes more perilous, the McCain campaign leans more heavily on its claim that Obama’s contacts with Bill Ayers should determine the outcome of the 2008 Presidential election.

At this point it’s starting to get funny.  Worse yet  … it is an indicator (to me, at least) of how old I am and how old my generation has become.  Back in my old home town (a place called Chicago) there is a writer for a local paper called the Chicago Tribune.  His name is John Kass.  Kass is an outspoken opponent of Chicago’s current mayor, Richard M. Daley and Kass has a nickname for him, just as I have nicknames for such worthy characters as Senator Joe “The Tool” Lieberman.  On Sunday, October 12, Kass expressed his outrage that Marilyn Katz, Ayers’ fellow member of the 1960s radical group, Students for a Democratic Society (SDS), is involved in Obama’s Presidential campaign.  Kass took particular umbrage at the fact that Marilyn Katz now has a successful public relations firm called: MK Communications.  According to Kass, MK Communications now represents the Chicago Police Department, City Colleges of Chicago, the city’s “Law Department” (actually referred to as the Office of the Corporation Counsel for the City of Chicago), and numerous other city departments  … including the venerable “Streets and San”.  Kass seemed like a shoe salesman trying to fit an old foot that was accustomed to the “militant radical” style of the 1960s, into the new, 21st century, “Terrorist” model. It  doesn’t fit.  The militant radicals of the 1960s used small bombs to make political statements.  There is an absence of information about the number of alleged casualties or injuries resulting from such bombings.  Today, “terrorists” use small bombs to take down airplanes and they use airplanes to take down skyscrapers.  The use of the “terrorist” label to a 1960s radical is an obvious stretch.

The rant by the Tribune’s Kass about how former radical, Marilyn Katz, has become a “mainstream” figure in Chicago’s Public Relations business community, reminded me of an old song.  On August 17, 1969, Grace Slick and her band, Jefferson Airplane, woke up the crowd at the Woodstock Music and Arts Fair with what she described as “morning maniac music”: the title song from their upcoming album, Volunteers.  Included among the song’s lyrics was the following passage:

One generation got old.
One generation got soul.
This generation got no destination to hold.

The Marilyn Katz story and the Bill Ayers story tell me that our generation got old.  The former radicals of that era are now playing important roles within what they used to consider an archaic milieu, referred to as “the establishment”.  Nevertheless, many members of this latest “establishment” generation are in a fight to retain the claim of having “soul” by helping to bring an African-American to The White House for the first time in this nation’s history.  The crowds at the McCain and Palin rallies have expressed their fear of what an Obama Administration might bring to America.  These McCain supporters have been able to replace their fears of how they are going to economically survive from day to day and how to fund their retirement plans with the fears conjured up by Schmidt, Davis and their ilk.  The ball is now in the court of the Obama campaign to help establish a legacy for these people and all Americans – by righting the ship capsized by the “perfect storm” of greed, corruption and deregulation.  Another three-pointer would be nice.

McCain Loses His Chance

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October 2, 2008

It was the opportunity for a “game-changing move” in the 2008 Presidential campaign.  Just as John McCain was dropping back in the polls, providing Barack Obama the chance to “close the deal” even more decisively than he did with Hillary Clinton, McCain missed the opportunity to turn the game around.  Last week, he arrived in Washington (after the pseudo-suspension of his campaign) on a mission to save us all from the crisis declared by Treasury Secretary Henry Paulson.  After McCain arrived, he found a number of both Republican and Democratic members of the House of Representatives opposed to the revised, 110-page, economic “bailout bill” (the Emergency Economic Stabilization Act of 2008).  At that point in time, McCain had the opportunity to break with the unpopular Bush Administration and band together with the 133 Republican and 95 Democratic House members (who eventually voted against the bill) to form a “coalition of mavericks” (oxymoron, non-sequitur or both?) resisting this bailout of the big banks and other “fat cats” on Wall Street.  He didn’t.  He chose instead, to copy whatever Barack Obama was doing.  Besides, his move dovetailed well with the pseudo-“bipartisan” duet he had been playing, throughout the entire campaign, with Joe “The Tool” Lieberman.  Had McCain stood with those 133 young Republican members of the House and the 95 Democrats (many of whom consider themselves conservative, “Blue Dog” Democrats) he could have re-ignited his flatulent campaign.  (Is it really safe to do that?  —  Let’s ask Johnny Knoxville.)

Howard Fineman provided an interesting retrospective of this phase in the evolution the economic “bailout bill” at the Newsweek website on September 30:

The Paulson Plan is not great. Some two hundred academic economists have ridiculed it, and so have the House Republicans, by a 2-1 margin.  Public opinion (and not just the angry phone callers) is turning against the measure—to the extent that anybody understands it.

But the consensus is that Washington has to do something, and that the current version is far better than what the lawmakers started with.

McCain made a show of returning to Washington to try to jam the original measure through.  He deserves credit for the instinct. An old Navy motto is: Don’t just stand there, DO something!  That is McCain to the core, and so much the better for it.

But when he got to town, he realized something that no one had bothered to tell him, apparently:  the grassroots of his own party (the grassroots that has never really trusted him) hated the Paulson Plan.  They weren’t about to support it and risk their own necks.  McCain worked the phones, but fell back in the ranks.

When the second revision of this bill (at over 400 pages) finally made it to the Senate floor for the vote on Wednesday, October 1, there were 9 Democrats, 15 Republicans and Independent Senator Bernie Sanders of Vermont, voting against it.  McCain again missed the opportunity for a truly bipartisan resistance to this measure.  Such an act would have demonstrated genuine leadership.  He could have rejoined his old buddy, Wisconsin Senator Russ Feingold, as well as Florida Democrat Bill Nelson and rising Democratic star, Maria Cantwell from the State of Washington, all of whom voted against this measure.  Such a move would have emboldened resistance to the “bailout bill” in the House of Representatives, where the term of office lasts only two years.  (The short term results in greater accountability to American voters, who are believed to have notoriously short memory spans.)

Is this bill really necessary?  On the October 1 edition of MSNBC’s Countdown with Keith Olbermann, Paul Krugman, Economics Professor at Princeton University, admitted that:

…  it will be relatively ineffective, although rejecting it will cause a big run on the system.  Then we will come back and do it right in January or February  …

When Keith Olbermann asked Krugman about the likelihood that nothing consequential would happen if this bill did not pass, Krugman responded by saying that such possibilities have “shrunk in the past week”.  Krugman went on to claim that “the credit crunch has started to hit Main Street”, using, as an example, the rumor that: “McDonald’s has started to cut credit to its franchisees.”  McDonald’s has issued a press release stating that this was not the case.  What is really happening is that the banks are acting like spoiled children, holding their breath until the government gives them what they want, using the threat of unavailable credit as a gun to the head of Congress.

Public opposition to this bailout was best summed up by Peggy Noonan, when she appeared on The Daily Show with Jon Stewart on October 1:

But we are in a real economic crisis and the American political establishment said we must do A, B and C to deal with it and the American people  …  said:  “No.  We don’t trust you to handle this.  We don’t trust you to do the right thing.”

John McCain had the opportunity to stand with those people, as well as the 133 House Republicans and 15 Senate Republicans, to do “the right thing”.  He decided to forego that opportunity.  Barack Obama said, on the Senate floor Wednesday, that it was not worth risking the American economy and the world economy by challenging this bill.  John McCain decided that it was not worth risking his Presidential campaign on such a challenge.  That’s too bad for him.  The gamble probably would have paid off.

Night Of The Glow Stick

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The hour is quickly approaching when Barack Obama will announce his running mate.  Most political commentators expect John McCain to take his time in making his own decision, since the Republican Convention takes place after the Democratic event.  Some believe that Obama’s choice might impact the decision McCain will make in selecting his own, would-be VP.  My theory is that McCain’s primary concern is to avoid selecting anyone taller than himself.  The McCain camp has made a point of limiting his traveling companions to Senator Lindsey Graham and Joe “The Tool” Lieberman.  Both of these men stand at approximately the same height as McCain.  Since “The Tool” is not really a Republican and, worse yet, was Al Gore’s “kiss of death” running mate, I have my money riding on South Carolina Seantor Graham.

As for Obama’s choice, the rumors have it that the Democratic candidate has narrowed the field down to a final three:  Virginia Governor Tim Kaine, Indiana Senator Evan Bayh and Delaware Senator Joe “Glow Stick” Biden.  Early enthusiasm about Governor Kaine began to fade, as critics focused on a “lack of national security experience”.  Once the attention turned to Evan Bayh, there was an outpouring of disgust that a co-sponsor of the Joint Resolution for the Use of Military Force in Iraq would be considered as a viable choice for the VP slot.  Activist Steve Clemons was one of those leading the charge against the selection of Bayh, with his plea that those opposed to Bayh should communicate their opinions to the Obama campaign.  Clemons now reports from his blog, The Washington Note, that his sources from within the Obama campaign have informed him that the “surge of concern” expressed on the Internet about Bayh, has pushed the Indiana Senator out of contention.  As a result, the last of those three, still believed to be standing, is “Glow Stick” Biden.

You may recall Biden’s earlier efforts in the current Presidential campaign.  Immediately after his one-percent showing in the Iowa caucuses, he dropped out of the race and allowed his hair plugs to return to their naturally-white color.  His January 31, 2007 remark, characterizing Barack Obama as “the first mainstream African-American who is articulate and bright and clean and a nice-looking guy” became a celebrated gaffe.  That remark confirmed the longstanding diagnosis of his Cerebral Flatulence Disorder  — too many “brain farts”.  This disorder had become apparent during his 1988 bid for the Presidency, when he claimed, in a speech, that his father had worked as a coal miner.  Reporters easily refuted this claim with uncontroverted evidence that, in fact, his father had managed a car dealership.

In 2002, Biden introduced the controversial Reducing Americans’ Vulnerability to Ecstasy Act, also known as the “RAVE Act”.  A notable aspect of this failed piece of legislation was its provision outlawing the use of “glow sticks” which had become popular at “rave” parties and nightclubs.  Perhaps Biden’s sense of cause-and-effect had become altered to the point where he believed that the use of glow sticks was actually causing young people to use the drug, known as “Ecstasy”, at these events.  The absurdity of this proposal motivated Glenn Reynolds from (of all places) Fox News to write an article called “Raving Lunacy” on July 25, 2002.  It is indeed difficult to understand how an individual, who had served as an adjunct professor of Constitutional Law at Widener University Law School, would see no First Amendment problem with this incursion on the rights of glow stick aficionados to express themselves.  I was reminded of that fiasco while watching the opening ceremony of the 2008 Summer Olympics on August 8.  I could not overlook the irony that in the Communist police state, we saw approximately eighty per cent of the 90,000 people sitting in Beijing’s Bird’s Nest Stadium, waving glow sticks in accordance with the program created by director Zhang Yimou.  I could not help but wonder what Joe Biden thought of this.  If only China had its own counterpart for him – perhaps a Security Enforcer named Cho Bai Den, storming through the Olympic stadium yelling: “No grow stick!”  .  .  .

With Senator Biden on his way to Tbilisi, Georgia, as Obama’s surrogate to offset the efforts of McCain’s Lieberman-Graham duo, we see him emerging as an apparent choice for an important cabinet position in an Obama Administration.  Should he find himself standing before the crowd in Denver’s Pepsi Center as Obama’s Vice-Presidential nominee on August 27 – there could be only one appropriate way for the audience to celebrate:  by waving glow sticks.

A McCain – Edwards Ticket

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August 11, 2008

As mid-August approaches, the Hillarologists are preparing to descend upon Denver to vent their spleens at the Democratic Convention.  We’ve seen videos of them at backyard parties, cheering for their fallen hero, and shouting out for … uhh … catharsis?  As their hearts filled with rage, visions of sexists danced in their heads:  the usual big-mouths who weren’t used to restraining themselves while making on-air comments.  Most of the liberally-inclined men I know, couldn’t understand the charges of sexism in media coverage of the Presidential campaign, as alleged by Clinton’s supporters.  That’s because these men don’t watch Fox News or the likes of Glenn Beck.  Had they watched Keith Olbermann’s Countdown program a while back, they would have been treated to a sampling of some ugly, sexist remarks, as rebroadcast to an audience who, for the most part, tended to avoid the White House echo chamber.

Suddenly, Hillary’s female activists have a big distraction.  John Edwards (age 55) has now admitted to having an affair with a dilettante filmmaker named Rielle Hunter (age 44).  Edwards has admitted to having the affair that began after his wife, Elizabeth (now age 58), had been diagnosed with cancer.  To the Hillarologists, the Edwards caper sounded all too familiar.  It was yet another case of “throw your first wife under the bus” syndrome, with the added feature of doing so while she is in the throes of a medical crisis.  The Clinton supporters must have been reminded of a similar situation involving another candidate in the 2008 Presidential campaign:  John McCain.

Sharon Churcher provided an informative history of McCain’s first marriage in the June 8 issue of Britain’s Daily Mail.  Her article described how McCain (who turns 72 at the end of this month) married the sexy swimwear model named Carol Shepp in 1965.  Carol is only two years younger than John.  Carol had been previously married to one of McCain’s Annapolis classmates, by whom she had two sons: Douglas and Andrew.  When McCain married Carol, he adopted her sons.  During the Christmas season of 1969, while McCain was a prisoner in Viet Nam, Carol was driving to a friend’s house and experienced a horrible automobile accident.  A few hours after the accident, she was found next to the wreckage of her car, having been thrown through the windshield.  Churcher’s article went on to point out that after McCain’s release from the “Hanoi Hilton” and upon his reunion with Carol in 1973, he first learned of Carol’s injuries.  She was no longer the tall model he remembered.  Her doctors “had been forced to cut away huge sections of shattered bone in her legs, taking with it her tall, willowy figure” as Churcher explained.

The Daily Mail article mentioned a man named Ted Sampley, who fought with the Special Forces in Viet Nam.  Mr Sampley was quoted as saying:

“When he came home and saw that Carol was not the beauty he left behind, he started running around on her almost right away. Everybody around him knew it.”

“Eventually he met Cindy and she was young and beautiful and very wealthy. At that point McCain just dumped Carol for something he thought was better.”

The article included the following quote from Carol about McCain’s reason for leaving her:

My marriage ended because John McCain didn’t want to be 40, he wanted to be 25. You know that happens … it just does.

The disgruntled Hillarologists must be aware of the pattern here: opportunistic male politician strays from his first wife after she sustains a physical setback.  The 2008 Presidential campaign brought us two candidates with the same modus operandi.  The fact that they are from different parties shouldn’t exclude John Edwards as a running mate for John McCain.  After all, non-Republican Joe “The Tool” Lieberman has been vying for that spot for over a year.

Barack in Iraq

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July 21, 2008

At a fundraiser in Detroit on July 18, John McCain revealed that Barack Obama would be traveling to Iraq and Afghanistan on the weekend of the July 19-20.  For some reason, McCain saw fit to make this indiscrete comment:

I believe that either today or tomorrow, I am not privy to his schedule, Senator Obama will be landing in Iraq with some other Senators.  There will be a Congressional delegation – and I am sure that Senator Obama is going to arrive in Baghdad in a much, much, safer and secure environment than the one that he would have encountered before we started the siege.

Of course, McCain was more than willing to “back up” his claim that Iraq is now safer — with other people’s lives at stake on that bet.  Included in that delegation was McCain’s fellow Viet Nam War veteran, Senator Chuck Hagel.  Senator Hagel is also a Republican (for now) and a true bipartisan (unlike McCain’s traveling companion:  Joe “The Tool” Lieberman).

McCain knows damned well that his trips to Iraq, as well as those of his mentor, George W. Bush, were kept in secrecy until they were concluded.  Nevertheless, McCain chose to disclose the Obama – Hagel trip to Iraq, and risk the lives of his opponent and his fellow Viet Nam War veteran, to potentially fatal consequences.  Why he would have done this, crossed the minds of people other than you and me.  Needless to say, I was outraged by McCain’s security breach.  It reminded me of the similarly traitorous “outing” of Valerie Plame Wilson as a CIA Case Officer by the Bush Administration, to advance its case for the invasion of Iraq.

On July 18, Richard Wolffe of Newsweek appeared on MSNBC’s “Countdown with Keith Olbermann”.  During that interview, this exchange took place:

Olbermann:   About this Obama trip, two questions about the mechanics: 1) Why the secrecy about it? and 2) If there is a good reason for that secrecy, why would is Senator McCain try to give away the secret today in Michigan?

Wolffe:  The reason for the secrecy is security, of course, and we in the media have been very careful about what we are putting out there.  You know – security of these trips – and I went with President Bush to Iraq.  Security is tight for a reason.  So it is remarkable that a member of Congress would even speculate that way. Why he did that, I can’t really be sure, but obviously they’re trying to backtrack now.

I have a guess:  Perhaps McCain is just a “snitch” by nature.  Maybe it’s time to look into the rumors from his 2000 Presidential campaign, supporting the notion that McCain made it back from the Hanoi Hilton by “ratting out” his fellow Americans.  The fact that he tried to “rat-out” his fellow Viet Nam veteran, Chuck Hagel, on this trip to Iraq could lend some credence to those claims.  His motives for disclosing the details of this trip were apparently twofold:  Scare Obama, Hagel and the others from that delegation, so they would stay away from Iraq and Afghanistan.  A possible second motive might have been to make sure they would not live to brag about this adventure to Iraq, should they actually undertake it.

At an earlier news conference that morning, McCain claimed that:

He (Obama) would be going to a very different Iraq, if we had done what he wanted to do.

In other words, McRat claimed that Iraq would be much different now than it would have been if the United States had been following Obama’s plan for resolving that war.  In harsh contrast to that lie, we have the July 19 report from Jake Tapper of ABC News:

The White House this afternoon accidentally sent to its extensive distribution list a Reuters story headlined “Iraqi PM Backs Obama Troop Exit Plan – magazine.”

The story relayed how Iraqi Prime Minister Nuri al-Maliki told the German magazine Der Spiegel that he supported prospective U.S. Democratic presidential candidate Barack Obama’s proposal that U.S. troops should leave Iraq within 16 months … “U.S. Presidential candidate Barack Obama talks about 16 months. That, we think, would be the right timeframe for a withdrawal, with the possibility of slight changes,” the prime minister said.

The White House employee had intended to send the article to an internal distribution list, ABC News’ Martha Raddatz reports, but hit the wrong button.

The misfire comes at an odd time for Bush foreign policy, at a time when Obama’s campaign alleges the President is moving closer toward Obama’s recommendations about international relations — sending more U.S. troops to Afghanistan, discussing a “general time horizon” for U.S. troop withdrawal and launching talks with Iran.

Oops!  It looks as though the handlers for McRat’s own mentor are admitting that Iraq agrees to Obama’s plan for an exit strategy in Iraq and nobody told McRat.

Well …  Obama, Hagel and the network news anchors didn’t “chicken out”.  Beyond that, it looks like they will live to come back here and put McRat where he belongs:  caught in his own McTrap.

The Tool” Picks Up Fear Flag and Gets Shot Down By A Real Soldier

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June 30, 2008

Last week, John McCain’s chief campaign strategist, Charlie Black, caused quite a stir with his invitation for an Al Qaeda attack on the United States, to help improve McCain’s chances for election.  Black was obviously thinking about Osama bin Laden’s last “October Surprise” in which bin Laden released a video right before the 2004 election.  That video was widely considered to have given Bush a crucial “bump”, putting him over the top to defeat John Kerry.  Knowing that Al Qaeda (and other terrorist groups) hate to see moderates get elected, Charlie Black saw fit to remind Al Qaeda that they would have no rallying call if Barack Obama were to become President and pull the U.S. troops out of Iraq.  Al Qaeda’s best chance for maintaining their status quo appears to Black as another terrorist attack in the U.S.  He knows they want McCain to win the election because they wanted Bush to win in 2004.  Four days before Election Day in 2004, bin Laden released an 18-minute videotape taunting George Bush about the events of September 11, 2001 and he claimed credit for directing the 19 hijackers.  Osama’s gambit in helping Bush win seems to have paid off.  The incompetent Bush will likely leave office without having caught bin Laden.

After Charlie Black tried his shot at a self-fulfilling prophecy last week, with his announcement (in an interview with Fortune magazine) that a terrorist attack in the United States would “be a big advantage” to help McCain get elected President, Black was widely scorned and criticized.  Many commentators placed this remark in context with Black’s earlier statement that the assassination of Benazir Bhutto helped McCain in the New Hampshire Primary.  Although McCain attempted to distance himself from Black’s remarks, he has kept Black onboard “The Straight Talk Express”.

Just as criticism of the McCain campaign, for relying on “the politics of fear”, is starting to die down, along comes our old friend, Joe “The Tool” Lieberman.  On June 29, The Tool appeared on the CBS television program, “Face The Nation”.  Looking into his crystal ball (perhaps that should be plural) The Tool predicted a terrorist attack against the United States in 2009.  Out of fear of getting caught at an attempted, self-fulfilling prophecy similar to Black’s, The Tool, speaking with his forked tongue, tried to distinguish his prediction from Black’s wish:

Certainly the implications there I know were not what Charlie intended. And he apologized for it. Senator McCain said he didn’t agree. And, of course, I feel the same way.

Actually, The Tool feels the same way as Charlie Black.  He continued on by picking up Black’s “fear flag” to carry it on to victory for McCain in November:

If we had done what Senator Obama asked us to do for the last couple of years, today Iran and al Qaeda would be in control of Iraq. It would be a terrible defeat for us and our allies in the Middle East and throughout the world. Instead, we’ve got a country that’s defending itself, that’s growing economically, where there’s been genuine political reconciliation, and where Iran and al Qaeda are on the run. And that’s the way it ought to be.

Iraq is “growing economically”?  It has yet to rebuild its infrastructure.  The Tool is obviously talking to those people referred to as “low information voters”.  He is insulting the intelligence of everyone else.  Iraq is “defending itself”?  Tell that to our troops who are stationed there.  If Iraq really is defending itself, then we should be able to leave.  Iran is “on the run”?  I thought they were getting ready to nuke Israel.  The Tool is now so used to telling lies that he can effortlessly spit out a sentence containing three big ones.

On the same program, we heard from someone who, unlike Lieberman, actually has some military experience.  Retired General Wesley Clark told host Bob Schieffer: “I think Joe has it exactly backwards here.”  After comparing the qualities of Obama to those of McCain, General Clark said:

And I think what we need to do, Bob, is we need to stop talking about the old politics of left and right, and we need to pull together and move the country forward.

Both Lieberman and McCain used to pride themselves on being centrists in a highly-partisan Senate.  Both are now singing the same, sorry tune we’ve been hearing from our unpopular President for the last seven years, at a time when we would expect a theme of hope and bipartisan progress.  With Obama singing solo on that theme, the prospects for any Republican candidate this year don’t appear much better than the outlook for the S&P 500.