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GOP Unable To Wash Away Santorum

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After his disappointing loss to Michele Bachmann in the Iowa Straw Poll, Former Minnesota Governor Tim Pawlenty officially withdrew from the 2012 Presidential campaign.  Pawlenty finished third with 14% of the votes.  Bachmann picked up 28% and Congressman Ron Paul was right behind her with 27%.  Despite the fact that Rick Santorum finished fourth with a paltry 9.8%, the Pennsylvanian has not discussed abandoning his own Presidential bid.

Santorum has not held public office since his humiliating defeat in the 2006 election, at which point he lost his Senate seat to Democrat Bob Casey, Jr. by a 59%-41% margin – the worst defeat for an incumbent Senator since 1980.  One might assume that such a bidetory washout would forever purge Santorum from that zone within the Beltway.  Nevertheless, Santorum apparently believes he will have greater success with a national campaign in post-Tea Party America.

Strangely enough, Santorum’s fourth-place finish in the Ames Straw Poll is being spun as a victory.  Dan Hirschhorn reported for Politico that Santorum’s fourth-place showing helped grease the candidate’s fundraising efforts:

Still underfunded, the campaign enjoyed its strongest overnight online money haul in the hours after the straw poll, and is planning to step up its fundraising efforts in Pennsylvania, his financial home base after two Senate terms.

Nevertheless, as Daniel Larison discussed in The American Conservative, Santorum’s fourth-place finish was solely a result of the candidate’s persistent, lingering presence in Iowa:

The reality is that Santorum has been living and campaigning full-time in Iowa for weeks, he ought to be rallying social conservatives to him in much larger numbers than he does, and his fourth-place finish out of a field of six direct competitors is confirmation that his campaign is going nowhere.  Beating out Herman Cain and Thad McCotter on the ground does not mean much at all.  His presidential bid has always seemed to be a vain effort to re-fight the battles of his failed 2006 re-election campaign.

Michael Falcone of ABC News observed that Santorum “has been languishing near the bottom of national polls”.  The question remains as to whether a candidate, whose agenda is so tightly focused on conservative “values voters” could gain momentum in a campaign dominated by financial issues.  As George Will pointed out, Santorum has repeatedly emphasized that “… America’s debt crisis is, at bottom, symptomatic of a failure of self-control  …”

Dan Hirschhorn noted at the conclusion of his Politico report, that Santorum’s “end game” remains a mystery.  I suspect that Santorum’s true objective could be to secure the number two place on the Republican ticket as the GOP’s Vice-Presidential candidate.

It’s reasonable to assume that the presence of Santorum on the back end of the Republican ticket could provide their campaign with a frothy mixture of enthusiasm, including support from social conservatives who would not otherwise vote for a less-polarizing Presidential nominee.

Meanwhile, Santorum continues to swim upstream, while jumping down the throat of the hard right’s newest rising star, Texas Governor Rick Perry, who refused to advocate a relativistic interpretation of the Tenth Amendment.  Governor Perry provided this response to Santorum’s blast:

“You either have to believe in the 10th Amendment or you don’t,” Perry told reporters after a bill signing in Houston Wednesday.  “You can’t believe in the 10th Amendment for a few issues and then [for] something that doesn’t suit you say, ‘We’d rather not have states decide that.’”

You can probably see the problem exposed by this dust-up.  If the Republican Party can’t wash out Santorum, the remaining GOP Presidential hopefuls will begin to appear liberal.


 

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Because He Is A Tool

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November 13, 2008

The “Tool Watch” continues.  In the days after the historic 2008 Presidential election, intrigue abounds as to the future political career of Joe “The Tool” Lieberman.  Lieberman was re-elected to the Senate in 2006 as an Independent candidate (after having lost the Democratic primary to Ned Lamot).  The Tool realized that his betrayal of the Democrats could result in the loss of his many important appointments, should Obama get elected.  Joe had already “sold his soul” to Bush, Cheney and Rove in his quest for re-election.  At that point, he had no choice but to “go for broke” by endorsing John McCain.  However, The Tool went beyond that.  He spoke ill of Obama at the Republican Convention.  He followed McCain around throughout the Presidential campaign, giving rally speeches himself, in addition to serving as McCain’s “nodder” when McCain would question Obama’s patriotism.  The Tool questioned Obama’s patriotism with his own allegations that Obama placed allegiance to the Democratic Party ahead of his allegiance to the country.  The Tool evoked further outrage from Democrats by campaigning for “down ticket” Republicans, while stumping around the country for McCain and Palin.  Now that Obama has been elected President, many Democrats are hungry to avenge The Tool’s malicious acts by stripping him of the appointments earned while in good standing as a member of the Democratic Party.  The most notable of these is his chairmanship of the Senate Committee on Homeland Security and Governmental Affairs.  President-elect Obama has expressed his desire to see Lieberman remain in the Senate Democratic Caucus.  Obama has said nothing about The Tool’s numerous committee and subcommittee memberships or chairmanships.  In keeping with his “No Drama Obama” image, the President-elect appears to have distanced himself from any “blood feuds” involving Lieberman.

My animosity toward The Tool is based on the fact that he is a pathetic ass-kisser.  He knew that his committee appointments would be in jeopardy in the event of an Obama victory.  Accordingly, he didn’t simply endorse John McCain.  He followed McCain around as a stray dog, looking for a new home.  Those of us with the experience of having worked with such people, know that these individuals don’t deserve much in the way of respect.  One of the reasons we enjoy watching “action movies” is because the “ass-kisser” is usually the first person to get killed (by either the hero or the villain).  It seems as though justice and karma are well-served in these movies, when such cretins get their due.

Many people who consider themselves “liberal Democrats” seem anxious to make The Tool an example for future, would-be defectors.  On November 12, MSNBC’s Rachel Maddow expressed her concern that the Lieberman case could set a precedent, regardless of what action the Senate Democrats might take in light of The Tool’s transgressions.  Her November 10 program included an interview with Steve Clemons of The Washington Note website.  Mr. Clemons suggested removing Lieberman from his chairmanship of the Committee on Homeland Security and Governmental Affairs because of the The Tool’s fear mongering on the subject of homeland security throughout the 2008 campaign.  Clemons emphasized the proposition that Lieberman should not be able to use homeland security or national security as a foundation to batter Democrats who want a smarter national security policy.

Rachel Maddow discussed this subject again on November 12, with Indiana Senator Evan Bayh.  Senator Bayh discussed the possibility that Lieberman might be unwilling to suffer the indignity of being stripped of his appointments and thus relegated to the status of backbencher.  Bayh worried that under such circumstances, The Tool  might self-destruct:  resign from the Senate and allow Connecticut’s Republican Governor (Jodi Rell) to appoint a “pure Republican” to replace Lieberman.  To Bayh, this would be a more undesirable alternative than putting up with a traitor.  His logic seems based on the rationale that because Lieberman is such a tool, the Democrats could make him their tool once again.  Bayh suggested a two-part compromise.  First, Lieberman should be allowed to retain his chairmanship of the Committee on Homeland Security with “oversight”.  Bayh pointed out that a committee chairman could be replaced at any time.  If those overseeing The Tool reached the conclusion that he should be ousted, it would only then become appropriate for such action.  The second part of Bayh’s proposed compromise would involve an apology from Lieberman for his antics during the 2008 campaign.  I would like to suggest another alternative.  In the event Lieberman might be unwilling to make such an apology, the Senate Democrats should demand that The Tool have the word “Craftsman” tattooed on his forehead.

Go Ask The Bullet

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November 10, 2008

Centrism has finally become trendy.  I always sensed some fear within the hearts of the more outspoken conservative pundits that an Obama Administration would usher in a neo-Camelot era of fashionable liberalism.  What we are seeing so far, is a movement toward Centrist Chic.  Everyone is getting on the bandwagon.  On Sunday’s Face The Nation, Bob Schieffer reported that President-elect Obama pulled the plug on a planned fireworks show in Grant Park for election night, to enforce his own “no gloating” rule.  Additionally, the Obama “inner circle” has assured us that we can expect some Republican faces in the next Administration, if not the Cabinet.

Prominent Republican leaders are repeatedly asked:  “Where does the GOP go from here?”  Their answer should be:  to the center.  I could never understand why the McCain campaign fought so hard to win over the “hard right” base, once the Republican nomination was secured.  In my posting “Which Way To The White House?” on June 16, I expressed my astonishment concerning McCain’s campaign strategy:

Much of the criticism directed against McCain’s campaign has concerned the slim turnouts at his rallies, his speech delivery and his failure (or unwillingness) to keep economic issues on the front burner.  Although quite a bit of criticism has questioned his ability to carry “the base” in November, precious little has been focused on how he expects to win over “undecided” voters and those from the center.  McCain has to face up to the fact that “the base” has no other alternative than to vote for him.  If he expects to win the election, he would be wise to distance himself from the policies of the Bush administration, rather than cling to them as some sort of political life-raft.

In response to the “Where does the GOP go from here?” question, we are finally hearing the right answer.  The most surprising response came from a gentleman who earned the nickname “Bullet” from his old boss, Karl Rove.  Steve Schmidt is a rather tall, yet stout, individual with a bald head, resembling a giant bullet.  He was appointed to the position of “senior strategist” for the McCain campaign on July 2.  Schmidt has been blamed for McCain’s strategic failures in this recent quest for the Presidency.  On November 9, The Daily Beast website featured an interview with Schmidt, conducted by Ana Marie Cox.  The Bullet made the following observations about the future direction for the GOP:

The party in the Northeast is all but extinct; the party on the West Coast is all but extinct; the party has lost the mid-South states—Virginia, North Carolina—and the party is in deep trouble in the Rocky Mountain West, and there has to be a message and a vision that is compelling to people in order for them to come back and to give consideration to the Republican Party again.

The Republican Party was long known as the party that competently managed government.  We’ve lost our claim to that.  The Republican Party was known as the party that was serious on national security issues.  The mismanagement of the war has stripped that away.  So there is much to do in rebuilding the brand of the party, what it stands for, and what it’s about in a way that Americans find appealing.     .  .  .   The Republican Party wants to, needs to, be able to represent, you know, not only conservatives, but centrists as well.  And the party that controls the center is the party that controls the American electorate.

In the Washington Post of November 9, another prominent conservative, George Will, expressed dismay over the misplaced deference granted to the “hard right” wing of the Republican Party:

Some of the Republicans’ afflictions are self-inflicted.  Some conservatives who are gluttons for punishment are getting a head start on ensuring a 2012 drubbing by prescribing peculiar medication for a misdiagnosed illness.  They are monomaniacal about media bias, which is real but rarely decisive, and unhinged by their anger about the loathing of Sarah Palin by similarly deranged liberals.  These conservatives, confusing pugnacity with a political philosophy, are hot to anoint Palin, an emblem of rural and small-town sensibilities, as the party’s presumptive 2012 nominee.

These conservatives preen as especially respectful of regular — or as Palin says, “real” — Americans, whose tribune Palin purports to be.  But note the argument that the manipulation of Americans by “the mainstream media” explains the fact that the more Palin campaigned, the less Americans thought of her qualifications.  This argument portrays Americans as a bovine herd — or as inert clay in the hands of wily media, which only Palin’s conservative celebrators can decipher and resist.

Most Republican pundits are acutely aware of the consequences resulting from further rampant inbreeding of the so-called “base” within their party.  A resulting blindness to the opinions of those outside “the family” could send the GOP on a path to oblivion.  The inability of the Republicans to “connect” with young people, to any measurable degree, was discussed by former Reagan speechwriter, Peggy Noonan, in the November 7 Wall Street Journal:

Though it is also true that many of the indexes for the GOP are dreadful, especially that they lost the vote of two-thirds of those aged 18 to 29.  They lost a generation!  If that continues in coming years, it will be a rolling wave of doom.

The Republican Party will survive the “Tragedy of 2008” because there are still a good number of Republicans with their heads properly screwed onto their necks.   Don’t take my word for it   .  .  .     Go ask The Bullet.

Time To Toss The Tool

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November 6, 2008

November 5 (the day after Election Day) left us with a nearly breathless Chris Matthews on MSNBC’s Hardball.  His guests included their correspondent, David Schuster, who had attended the election night speech by Barack Obama in Chicago’s Grant Park.  Schuster described the scene in Grant Park, immediately after the west coast results were announced at 11:00 p.m. (Eastern Time).  Strangers were hugging each other and crying.  This could have only happened in Chicago.  I had been in Grant Park on several occasions to celebrate many a Bulls championship, back in the day when Phil Jackson was coach and Michael Jordan defied the laws of gravity.  The post-championship celebration in Grant Park became a rite of summer:  the weather was just getting nice and Fourth of July was right around the corner.  I still return to Grant Park for the annual Independence Day fireworks show (that actually takes place on July 3) even though I now live a long way from there.  The consensual spirit of Chicago’s people brings life to the theories expressed by Carl Jung.  Myth, archetype and symbol hold important places in the collective soul of that community.

Chicago has its own approach to politics, as well.  The city’s history is rich with tales of “back alley” politics, giving rise to legendary figures and laying waste to contenders.  As a result, I can’t keep my mind off the subject of what might be in store for Senator Joe “The Tool” Lieberman of Connecticut.  The remark by Stephen Colbert during Indecision 2008 on Comedy Central, caught my attention.  After the announcement that Obama had won 64 percent of the vote in Connecticut, compared to McCain’s 35 percent, despite McCain’s unfailing support from The Tool, Colbert wondered:  “Where could the people of Connecticut have learned such disloyal behavior?”  As you may recall:  Lieberman was re-elected to the Senate in 2006 as an Independent candidate (after having lost the Democratic primary to Ned Lamot).  Although they were irked by The Tool’s mercenary act to preserve his own political skin, the Democrats struggled to keep Joe in their “Big Tent”.  The Senate Democratic Caucus (or Conference) currently consists of 49 regular Democrats and 2 Independents, one of whom is Joe “The Tool” Lieberman, who calls himself an “Independent Democrat”.  Prior to the 2008 election, the Democrats had been desperate to maintain their 51-percent majority in the Senate, so they did all they could to make sure The Tool was a happy camper.  All that changed when Barack Obama became the presumptive Democratic Presidential nominee.  Many commentators saw in Obama, not only a winner, but one with long enough coattails to bring more Democrats into the Senate.  The Tool realized that his betrayal of the Democrats could result in the loss of his many important appointments, should Obama get elected.  He had already “sold his soul” to Bush, Cheney and Rove in his quest for re-election.  At that point, he had no choice but to “go for broke” by endorsing John McCain.  However, The Tool went beyond that.  He spoke ill of Obama at the Republican Convention.  He followed McCain around throughout the Presidential campaign, giving rally speeches himself, in addition to serving as McCain’s “nodder” when McCain would question Obama’s patriotism.

It is now time for the Senate Democrats to throw The Tool under The Trash Talk Express, before it departs for that great bus barn in the sky.  It has been widely reported that The Tool is scheduled to meet with Senate Majority Leader Harry Reid, at some point this week.  My familiarity with Chicago politics leads me to believe that on his way to this meeting, The Tool will be alone in a dark alley.  He will reach a spot alongside a blue dumpster and that will be the signal.  Suddenly, Democratic Senators will step out from their positions, in the shadows, to surround him.  The Tool will be cut  … and he will be cut quite thoroughly.  He will be cut from the Senate Committee on Small Business and Entrepreneurship.  He will be cut from the Senate Committee on Homeland Security and Governmental Affairs (where he is Chairman).  He will be cut from the Senate Armed Services Committee.  He will be cut from the Senate Committee on Environment and Public Works, including its Subcommittees on: Clean Air and Nuclear Safety, Private Sector and Consumer Solutions to Global Warming and Wildlife Protection (where he is Chairman).  He will also be cut from the Subcommittee on Public Sector Solutions to Global Warming, Oversight, and Children’s Health Protection. He will be left, writhing on the back bench of the Senate.  “Backbenchers” have no influence to peddle  …  or, perhaps I should say:  They have difficulty raising campaign contributions.

The Tool assumed that by joining himself to McCain’s hip, he could secure the Vice-Presidential nomination or a high-level Cabinet appointment.  This must have appeared as his only route to avoid obscurity.  It didn’t work.

The Tool now has a “date with destiny” somewhere in a dark alley   .  .  .

Fun With Bill And Hill

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I had always been one of the skeptics on the issue of what support Bill and Hillary Clinton would provide to Barack Obama’s Presidential campaign.  The fight for their party’s nomination lasted longer than it should have.  Hillary’s reluctance to concede defeat underscored longstanding doubts about whether she could ever support Obama as the inevitable Democratic Party nominee.  The most outspoken skeptic on this subject has been Maureen Dowd.  Her column in the New York Times on August 19 (just before the Democratic Convention) described a fictional meeting between John McCain and Hillary Clinton.  The article, entitled Two Against The One, described the following imaginary, conspiratorial conversation between Hillary and McCain:

“Oh, John, you know I love you and I’m happy to help,” Hillary says.  “The themes you took from me are working great — painting Obama as an elitist and out-of-touch celebrity, when we’re rich celebrities, too.  Turning his big rallies and pretty words into character flaws, charging him with playing the race card — that one always cracks me up.  And accusing the media, especially NBC, of playing favorites.  It’s easy to get the stupid press to navel-gaze; they’re so insecure.”

“They’re all pinko Commies,” McCain laughs.  “Especially since they deserted me for The Messiah.  Seriously, Hill, that Paris-Britney ad you came up with was brilliant.  I owe you.”

I had voiced my own doubts about whether the Clintons would support the Obama candidacy, back on June 5:

Whatever motivated her to continue on, ultimately resulted in the dissociative speech she gave on the night of Tuesday, June 3, 2008, when Barack Obama earned enough delegates to guarantee himself the Democratic Presidential nomination.   She spoke to her relatively small audience of sycophants and losers, as though she had just assured the nomination for herself.   On the following day, she was faced with conference calls from 28 House members and 8 Senators, both pledged delegates and superdelegates for Clinton.   According to Howard Fineman of Newsweek, these people made it clear that they were beyond disappointment that she had not given a concession speech.  They were outraged by her arrogance and gave her an ultimatum:  Hillary must release them as her delegates, or they would endorse Obama, regardless of her consent.  Hillary agreed to a concession event, to take place on Saturday, June 7, at which time she would formally endorse Obama.

My suspicions continued for another two months and on August 7, I wrote this about the upcoming convention:

Forget the OxyContin (at least for this weekend).  Rush Limbaugh is going to be on a “natural high”, because his favorite fantasy might just become reality.  The Clintons are in “full hostility” mode and the Hillarologists are planning a parade and more for the convention in Denver.  Limbaugh has attempted to claim credit for the likely showdown in Denver, with his own label:  “Operation Chaos”.

Nevertheless, by the time the Convention began, the Clintons were on board for Obama and both gave great speeches for the Obama – Biden ticket.  On August 28, I felt humbled enough to say this about Senator Clinton’s performance at that event:

After hearing her speech, I felt motivated to apologize for publicly doubting her loyalty to the Democratic Party.  She really did “deliver the goods” by giving what was, perhaps, her best speech on the campaign stump.  Although many of us were surprised by the substance of her speech, I was particularly impressed by her delivery.  Hillary had always addressed her audiences with Lieberman-esque stiffness.  Imagine someone saying “let us go forward” with a groaning, insincere tone for the 10,000th time.  That was the way Hillary used to speak.  In defeat, she really did find her voice.

Since that time, both Hillary and Bill Clinton have been working hard along the campaign trail, proving themselves as essential compatriots in the Obama – Biden campaign.  The best example of this took place on October 30, when Bill Clinton delivered his rousing speech in support of Obama, before a crowd of 35,000 in Kissimmee, Florida.  His remarks urging supporters to “get out the vote” for Obama, made it clear that he had no shortage of enthusiasm for this former foe:

So I want you to get on the phone, and I want you to stalk your neighbors on the street.  I want you to get on the Internet and say if you haven’t made up your mind you ought to vote for Barack Obama.  He’s got the best philosophies.  He’s got the best positions.  He definitely has the decision making ability.  And he is a great executor.

Folks, we can’t fool with this.  Our country is hanging in the balance and we have so much promise and so much peril.  This man should be our President, all of our President.

For a candid look at Hillary Clinton’s real attitude about the Obama campaign, the November 2 article by Carrie Budoff Brown and Glenn Thrush on the Politico website is essential reading.  The following passage described what was really going on in Hillary’s mind during the days before her concession speech:

Clinton, whose relationship with Obama was still tense and tentative at that moment, professed no great affection or admiration for Obama, whom she regarded as less qualified than herself.  But she would support him, body and soul, she said, because she was so terrified by the prospect of McCain sitting in the Oval Office.  And that was before the credit markets crashed, setting off a domino effect on the U.S. economy.

“John McCain’s my friend; I really like him,” she said, according to a person who was within earshot.  “But there’s just no way we can let him be president.”

Both Bill and Hillary Clinton surprised many of us with their tireless efforts for the Obama – Biden campaign, despite the “bad blood” that had been spilled during the primary season.  Their conduct will surely be viewed by history as an exemplary model for party unity.

The Voting Begins

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October 30, 2008

The long-awaited 2008 Elections are finally underway.  According to the Early Voting Information Center website, 32 States allow in-person early voting.  As the voting proceeds, we are seeing an enormous number of people opting to cast their votes before November 4.  On Tuesday, October 28, Gary Langer (polling director for ABC News) reported that as of that morning, 9 percent of “likely voters” had already voted.  As reported in the October 30 Washington Post, Michael McDonald, an associate professor at George Mason University who compiles early-voting statistics, observed that his running total of early voters now tops 16.5 million.  USA Today reports that approximately 25 percent of Georgia’s registered voters have already cast their ballots.  In Florida, Governor Charlie Crist extended the hours for early voting.  Prior to Crist’s executive order, Florida law allowed for early voting 8 hours per weekday and a total of 8 hours over the weekend.  The polls in Florida will now be open 12 hours per day, through Sunday, the last day for early voting.  The Miami Herald reported that prior to Christ’s signing of the order, the long, winding lines at the polling stations resulted in waits of as long as four hours to get to a voting machine.  The Herald reported that as of Tuesday morning, 10 percent of the state’s registered voters had already voted.  On Wednesday, October 29, Susan Saulny reported in The New York Times that there have been rumors circulating in Jacksonville, Florida’s African-American community that early voting could not be trusted because the votes cast early would be discarded.

By this point, there are already reports of voting machine problems and irregularities.  Martina Stewart reported for CNN that in Jefferson County, Texas, the County Clerk admitted to receiving “about half a dozen calls” that touch-screen voting machines were recording votes inaccurately.  Apparently, the candidates’ names are so close to each other on the screen that there is a possibility of pressing the wrong name when making the selection.  The machines have a “summary screen” where the voter can verify that the correct candidates were selected before finally hitting the button to actually cast the votes.  Similar problems were discussed by a reporter named Bill Murray at WSAZ in West Virginia.  Murray’s report pointed out that long fingernails and contact with the screen by bracelets could result in erroneous votes.

On Monday October 27, The New Mexico Independent reported that in Albuquerque, the American Civil Liberties Union filed a lawsuit against a Republican state lawmaker, alleging violations of the Voting Rights Act and disclosure of confidential information about voters, including Social Security numbers.  The article discussed the efforts of a Republican State Representative, Justine Fox-Young (a defendant in the suit) to support claims of voter fraud in the state’s June election.  The Independent had previously reported that Republican Party attorney Pat Rogers had hired a private investigator named Al Romero to make contact with voters whose registrations were under scrutiny by Republican activists.  The article discussed allegations by two legally-registered Hispanic voters, that they had been intimidated by Romero.  Pat Rogers had been cited in the U.S. Department of Justice report about the firing of U.S. attorneys and was described as one of the New Mexico GOP activists who complained to the Department of Justice about then-U.S. Attorney David Iglesias.  Iglesias was one of the U.S. Attorneys fired by Attorney General Alberto Gonzales for political reasons.  The firing of Iglesias was a result of his failure to pursue a politically-motivated, bogus “voter fraud” investigation.

If Barack Obama defeats John McCain by a narrow margin, we can expect protracted recounts and microscopic inspections of voter registration documents.  My concern about this was reinforced when I read a quote from McCain speechwriter, Mark Salter, in a Washington Post article by Michael Leahy, on Thursday.  Speaking about John McCain, Salter said:

“And he’s not going to go down without a fight.  Some people mistake that for something else.  Some people believe in being gracious losers just so other people will look at them kindly.  He isn’t like that.   …  He’s going to fight hard, and if other people don’t think he’s being gracious, well, that’s the way it will be.  But he’s not alone in that.  And I’ll remind people of that, if I have to.”

So, don’t expect McCain to be a “gracious loser”.  Unless there is a landslide on Tuesday, there could be a long, ugly fight, reminiscent of the election fiasco of 2000.

The Home Stretch

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October 27, 2008

We are entering the final week of the longest Presidential campaign in our nation’s history.  At the same time, the world economy continues to flirt with chaos and our nation’s equities market indices are diving at a faster pace than Superman’s swooping down from the sky to save Lois Lane from a potential rapist.  Some stockbrokers believe that an abrupt and decisive nosedive in the markets might have a cathartic effect and finally bring us to the long-awaited “bottom”, from which there would be only one place to go:  up.  Rock musician Tom Petty wrote a song about the death of his mother, called: Free Fallin’.  That song has recently become the theme for America’s stock markets.  The situation has become so bad that many fear it may be necessary for the feds to suspend equities trading until all of the nervous investors and frenzied hedge fund managers have a chance to gather their wits.  Would the government really intervene and close the stock markets for a day or more?

There is one authority who earned quite a bit of “street cred” when our current economic crisis hit the fan.  He is Nouriel Roubini, an economist at the Stern School of Business at New York University.  He earned the nickname “Doctor Doom” when he spoke before the International Monetary Fund (IMF) on September 7, 2006 and described, in precise detail, exactly what would bring the financial world to its knees, two years later.  As reported by Ben Sills and Emma Ross-Thomas in the October 24 edition of Bloomberg:

Roubini said yesterday that policy makers may need to shut down financial markets for a week or two as investors dump assets. Trading in futures on the Standard & Poor’s 500 Index and the Dow Jones Industrial Average was limited today after declines of more than 6 percent.

This week brings us more earnings reports and new housing starts that could send already skittish investors (as well as terrified hedge fund managers) on a “panic selling” binge.  Could this trigger a market shutdown by the government as predicted by Dr. Roubini?  If so, we may find the markets closed for the final days before the Presidential election.  The Republicans and their media trumpet, Fox News, would likely seize upon such a development, characterizing it as validation of their claim that the investing public fears a “socialist” Obama Presidency.  In reality, there would be no way to measure the impact of the election results on the equities markets under such circumstances.  If the markets were kept closed until after the election, there would be quite a number of investors, chomping at the bit to dump their portfolios during the hiatus, ready to do so as soon as the markets re-opened.  On the other hand, Stuart Schweitzer, global market strategist at JP Morgan Private Bank appeared on the October 24 broadcast of the PBS program, Nightly Business Report, and explained what to really expect about the impact of the Presidential election on the securities markets.  Schweitzer believes that regardless of who is elected, once we get past Election Day, there will be a sense of certainty established as to who will be making economic policy going forward into the new Presidential term.  This fact in itself, regardless of what that economic policy might become, will eliminate the element of uncertainty that breeds some degree of the fear in the hearts of investors.

If the stock markets really end up being closed during the final days before the election, we would likely see more havoc than calming.  The timing would prove too irresistible for conspiracy theorists to ignore.  Some would see it as a plot by the Republicans to conceal how bad the economy really is.  Others might see it as a ploy by “Washington elites” (a term used by some in reference to Obama supporters) to conceal widespread fear of putting a “communist” in charge of our nation.  The smartest course from here would be for the Federal Reserve Board’s FOMC (Federal Open Market Committee) to undertake a responsible, public relations role when it meets on Tuesday.  They should be ready to explain to the public what has really been happening in the markets:  an unregulated species of investments called “hedge funds” has been causing mayhem on the trading floors.  Many (if not most) of these hedge funds are going broke and they are attempting to secure a place in the line for Federal bailout money.  They have caused equities trading to function more like eBay:  the only market movement that matters over the course of any given day is what takes place during the final three minutes before the closing bell, when the hedge fund managers dump stocks.  On eBay, the winning bid for an item is usually made during the minute before an auction ends.  Unlike eBay, the stock market numbers can go up or down.  These days, the index movement prior to the closing bell is usually seismic (in one direction or the other).   It was never like this before.  These trading patterns often trigger pre-established “stop loss orders” to sell stocks, usually established by individual investors upon purchase of those stocks.  The result is an avalanche of “sell” orders at the end of the day.  The FOMC needs to explain this disease to the public and let us know the Fed is working on a cure.  Closing the markets in the final days before a Presidential election will not be a cure.  Such a move will just create a scab that will quickly be picked away by an investing public that needs to ease up on the caffeine and go out for a walk.

PSD

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October 23, 2008

It happened again.  Another conservative pundit predicted that Barack Obama would likely become the 44th President of the United States.  This time it was David Frum, appearing on The Colbert Report.  Frum stated that the McCain-Palin ticket is unlikely to win the election, unless Obama-Biden loses it.  With that in mind, Joe Biden has now begun wearing his Halloween costume.  He will continue to do so through Halloween weekend for the supposed purpose of entering as many Halloween costume contests as possible.  Halloween is on a Friday this year.  Biden has been entered in contests through Sunday night.  He will be wearing a ball gag in his mouth.  He will be carrying a card with the following explanation:

This is my Halloween costume.  I am the “ball gag guy” from Pulp Fiction.

After the Halloween costume contests, Biden will be able to remove the gag from his mouth during the wee hours of Monday morning.  On Monday, he will begin eating soft pastas and work his way up to solid food.  Tuesday won’t matter, since that will be Election Day.

Unfortunately, things look worse for Republican Vice-Presidential candidate, Sarah Palin.  I am reminded of her fate by the constant appearance of Brooke Shields on TV.  By now, most of the public might realize that Brooke is apparently suffering from Post-Stardom Depression (PSD).  This condition has ostensibly caused her to appear in televised Volkswagen commercials.  Poor Brooke!  Her self-esteem must have gone through the floorboards!  Isn’t there any medication that can help her with this?  Did Tom Cruise dissuade her from taking it?

Meanwhile, Republican operatives have already announced that Sarah Palin’s campaign outfits will be given to charity after the election.  At least Sarah managed to secure possession of “The Cards” (the cue cards from her appearance on Saturday Night Live).  After the election, PSD could likely put Sarah into a world of hurt.  Trig would be sitting in his playpen, crying … and Sarah would be sitting on the rec room floor, crying and hugging The Cards.  All will be lost.  She will be forced to return to her existence as the Governor of the State of Alaska.  Her attention will be abruptly refocused from the world’s most monumental crises, to the humdrum issues involving meth labs and snow machines.  She would, no doubt, do her best to cope with this malady.  She might go so far as to seek compensation for this unexpected hardship.  The Republican Party could hire experts to testify that PSD does not really exist.  Governor Palin might be forced to hire experts to dispute those opinions and, in the process, eventually be compelled to disclose personal records concerning the consultations between those experts and herself.  It could get really ugly.  The would-be “poster woman” of the future “gender-inclusive” Republican Party might end up being portrayed by her former advisors as just another “claimant”, attempting to milk the “frivolous lawsuit” system for all it is worth.

Many of us began to suspect that Sarah would get “thrown under the bus” after the election.  We became suspicious of this, once she was assigned to deliver the “cheap shots” against Obama in her stump speeches.  MSNBC’s Chuck Todd has already expressed suspicion that John McCain might be harboring resentment toward Palin, out of concern that she could be the reason for his diminished standing in the polls.  After all, most commentators believe her candidacy wasn’t McCain’s idea, anyway.  At the Republican Convention, Newt Gingrich did a lot of bragging that the selection of Palin was his idea.  Will this bragging continue after Election Day?

In the weeks ahead, the human tragedy could take its toll.  Will Sarah Palin be left in the ditch with PSD?  Will it be necessary for her to “eat crow” and capitulate to reliance on Barack Obama’s health care plan, to address PSD?  Regardless of what the courts might do with such a claim, karmic justice would prevail.

The Narrowing

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October 20, 2008

Halloween is less than two weeks away.  The theme of the perfect horror film for 2008 becomes increasingly apparent as I type this.  We can rely only on the YouTube medium to get this year’s best spooky thriller before the public in time.  Right now, the trees in our nation’s capitol are manifesting the multi-colored transition to autumn.  The time to shoot this movie is right now.  The time to get it before the public is right now.  The Narrowing has the potential to be the “fright film” of the decade.

The horror depicted in this movie is most troubling for the moderate Republicans.  On Sunday, October 19, millions of Americans watched former Secretary of State, Republican Colin Powell, a retired Army General, endorse Democratic nominee Barack Obama for the Presidency.  Among the reasons given by General Powell for his endorsement of Obama included what he described as “the narrowing” of the Republican Party during the course of this campaign.  On that same television program, NBC’s Meet The Press, conservative commentator David Brooks expressed his concern about “the narrowing” of the Republican Party throughout the current election cycle.  In his analysis of General Powell’s rationale for the Obama endorsement, Mr. Brooks said:

He (Powell) was attacking the Republican Party and the key word there was: “narrowing”.  The party is narrowing and leaving a lot of people out – people like Colin Powell.    . . .  They have to ask themselves:  “Why are we narrowing?”

*    *    *

A lot of people who were Republicans, feel like they have been left out  — not by McCain but by the party.  And if McCain has any blame, it is in the beginning of this campaign.  He didn’t say:  “I’m different.”  He didn’t break with the party.  He got sucked up (beautiful Freudian slip) – sucked in at least halfway into the orthodoxy of the party.  That’s narrowing.

As a movie, The Narrowing would feature mobs of “talk radio” – entranced people, wandering through the streets of our nation’s small towns and big cities.  There would be elderly men with racist-attired Curious George dolls.  They would speak with strange little voices, using the Curious George dolls as puppets to complain about how our nation’s public schools would be serving pigs’ feet and black-eyed peas to “red-blooded American children” for lunch.  The movie would depict elderly, white-trash women with “bed head”, repeating the rumor that Barack Obama is uncircumcised.  (It was actually Bill Maher who started this rumor.  In the movie, he would remind these women to include the aspect concerning the scent of curry.)  There would be pit bulls wearing lipstick with small “beehive wigs” and ersatz Kawasaki eyeglass frames, brought to animal shelters and veterinary emergency rooms after horrible maulings and other injuries.  These events would not have been caused from abuse by humans – but from attacks by irate Jack Russell Terriers and Border Collies.  Mobs carrying torches would be chasing after Peggy Noonan and Chris Buckley, yelling: “Traitor!”  John McCain would attempt to transform himself into “the old McCain of 2000” but it would be too late.

The film’s most scary moments would take place on Election Day.  Throngs of screaming people would be seen, running from polling places.  The Sarah Palin “wanna-bes” would show up to vote, not having washed their hairdos or having changed their clothes since Halloween.  The gasping exiles from the voting booths would complain of the overwhelming “homeless smell” carried into the polls by these over-ripe Palin impersonators.

At the conclusion of the film, the vanquished, moderate Republicans would be forced in retreat to the shelter of big cities such as New York, Chicago, Los Angeles and (gasp!) San Francisco.  They would form “cells” and organize plots to undo “the narrowing” and hopefully live to fight another day.

Meanwhile, here in “the real world”, The Narrowing is upon us.  It has become painfully obvious to the more astute members of the Republican Party and the conservative community.  If the GOP is to have a future, it must develop an immunosuppressive response to The Narrowing.

If Joe The Plumber Knew Bill Ayers

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October 16, 2008

The final Presidential debate turned an ordinary, hard-working American into a cult hero.  Not since the introduction of Sarah Palin onto the national political scene, have we seen such an “overnight sensation”.  Once again, we have John McCain to thank.

It all started on Sunday, October 12.  Senator Barack Obama was working the crowds in the battleground state of Ohio.  While meeting the people in Holland, Ohio, the television camera crews caught an exchange between Obama and a gentleman named Joe Wurzelbacher.  On the evening of Wednesday October 15, after the debate, the Associated Press informed us that Joe had been interested in buying a plumbing business.  He was concerned about Obama’s tax plan.  Apparently, this plumbing business generated enough income to put it over Obama’s $250,000 tax threshold, although not significantly above that.  Joe would likely be getting “the worst of both worlds” under the Obama plan:  He would have to pay the 39-percent tax instead of a 36-percent tax and as a result, he might pocket a net income lower than what the business would get if that company had earned less than $250,000.  According to the Associated Press report on the conversation, the following exchange took place:

“It’s not that I want to punish your success,” Obama said.  “I just want to make sure that everybody who is behind you that they’ve got a chance at success, too.”

At a later point in the discussion, Obama said:  “I think when you spread the wealth around, it’s good for everybody.  But listen, I respect what you do and I respect your question, and even if I don’t get your vote, I’m still gonna be working hard on your behalf because small businesses are what creates jobs in this country and I want to encourage it.”

McCain seemed excited that the Obama campaign had abandoned that huge demographic of small business owners earning between $250,000 and $300,000.  His campaign finally found its target audience!  Better yet, Obama had used the expression:  “spread the wealth around”  — a catch-phrase validating the claim that “liberals” are on  a mission to redistribute the wealth.  Of course, this concern resonates only with rich people.  It has never caused America’s (now disappearing) middle class to lose any sleep.

Joe Wurzelbacher was identified during that final debate as:  “Joe The Plumber”.  He would become the archetype for those segments of the voting public, not yet ready to accept Obama as their choice for the Presidency.  If Obama wants to sweep all 50 States (and The District) in this election, he will need to win the support of “Joe The Plumber” and most of Joe’s peers.  Joe appears to be a man who is very street-wise.  He resembles the character on the label of Mister Clean, an ammonia-based cleaning solution that many of us recall from childhood.  He might not be from a big city like Chicago … but he knows how to “read” people.  We could see this during the video clip of his conversation with Obama.  After the Democrat placed his left hand on Joe’s right shoulder – Joe immediately recoiled, folding his arms over his chest.  That was some great body language!  McCain’s handlers must have loved this.  Joe saw through the “politician’s trick” of attempting to win the trust of a voter by touching that person.  Joe was not about to be “played” by a politician on national TV – Presidential candidate or not!

Poor Joe is now being set upon by a mob of bloggers, reporters and wonks.  They will be in his face from now until Election Day.  Rest assured that during the final weeks of this campaign, Obama will be presenting his case to the Joe Wurzelbachers of America.  News analysts will be dissecting the candidates’ tax plans to determine which is better for Joe.  For his part, Joe will suffer through a huge invasion of his own privacy.

In a perfect world (my imagination) the non-stop interviews would eventually turn up an interesting coincidence:  that Joe had once crossed paths with the vilified Bill Ayers (the other star of that final debate).  If only …       The press would ask Joe about this and he would say:

I worked a job about ten years ago.  I did the plumbing for a redevelopment effort in Gary, Indiana, to help the neighborhoods affected by the closing of the steel mills there.  It was called the Community Rescue Advancement Project.  We just called it “The Project”.  We couldn’t use the initials.  That Bill Ayers guy was a leader of the project.  It was a charity.  His real job was a college professor or college dean or something.  I met him a few times.  In fact, he signed the checks I got.  He didn’t really sign them himself … It was just his signature printed by a computer.  You know:  embossed – like with the little holes punched into a multi-colored signature that said: “William Ayers”.  I found out later that he was a radical from the 1960s.  They use the term “terrorists” now but we used to just call them: “Hippie Radicals”.  The first real terrorist here was the guy in Oklahoma City who blew up that Federal Building.  These hippies just fought with the police and blew off bombs that damaged equipment and stuff.  I don’t know if they really hurt anybody.  In fact, I read somewhere that all of these 60s radicals were actually working with the CIA and using police officers as guinea pigs to test riot weapons they could use to overthrow communist dictators in the banana republics and stuff.  These hippies ended up getting stock options from the companies that made these weapons – really weird stuff, you know: like mace with LSD in it  — kinky, perverted stuff like the CIA would come up with.  Anyway, these guys are all jillionaires right now.  Look at Jerry Rubin!  He’s a HUGE guy on Wall Street!  Anyway, I learned during the campaign that this Ayers guy used to be a radical.  When I met him, he didn’t seem like a hippie.  His hair was short but he did have John Lennon glasses.  I couldn’t imagine him fighting the police because he looked … you know, uhh … kinda’ gay.  Besides, he was too old to be fighting police when I met him.

Unfortunately, the real “Joe The Plumber” will probably not have any such information to share with his bothersome inquisitors.  In a perfect world, he would.  In a perfect world:  the Dow Jones would be climbing past 14,000.  In a perfect world  . . .