Category: The Economy
Posted by Libby Spencer on Mon, Nov 23, 2009 at 8:49 PMThe Spoils of War
This story went pretty much unnoticed by the US media. They've having government hearings in Britain.
"Military commanders are expected to tell the inquiry into the Iraq war, which opens on Tuesday, that the invasion was ill-conceived and that preparations were sabotaged by Tony Blair's government's attempts to mislead the public."
The commanders are expected to offer proof that Blair was secretly making arrangements to support Bush's invasion of Baghdad for more than a year before he openly informed the UK's legislative body. Meaning of course, that Bush was also doing the same and all that talk about invading as a last resort really was a lie.
It was this deceit that led to an unneccessary occupation, and along with the Bush tax cuts for the wealthy that don't expire until next year, is what ultimately led to the huge deficit spending we're forced into now. Let's not forget that, even if the media can't seem to remember that both those Bush era policies cost us trillions and the bills for them are still coming in today.
Category: Election 2010
Posted by Libby Spencer on Mon, Nov 23, 2009 at 8:34 PMThird Party Possibility
Regular readers know I don't put much value on polling but this new Denno-Noor poll showed some interesting results. There's no clear cut leader in either major party.
Lt. Gov. John Cherry (D) is leading the Democratic pack to replace Gov. Jennifer Granholm (D), "but he's generating little enthusiasm among voters." Cherry leads with just 20%, followed by Andy Dillon (D) at 6% and George Perles (D) also at 6%.
The GOP race is also wide open with Rep. Pete Hoekstra (R) at 21%, followed by Mike Cox at 15% and Michael Bouchard (R) at 13%.
The really interesting stat though, is that "Fully 54% of voters surveyed said they were "likely" or "very likely" to consider an independent rather than a Republican or Democrat next year. Only 12% said they definitely would not." I've been predicting a third party surge since 2006. Maybe 2010 will be the year it finally comes true.
Category: The Economy
Posted by George Bullard on Mon, Nov 23, 2009 at 11:41 AMNow for the really bad news...
Today's New York Times headline: Wave of debt payments facing U.S. government.
Key sentence: "Even as Treasury officials are racing to lock in today's low rates by exchanging short-term borrowings for long-term bonds, the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages."
What a shock. If you borrow money, you're supposed to pay it back. Who knew?
The feds have been reckless for decades. Bush ran up the deficit. Obama joined the party. Both of them were mostly buying votes, playing to their constituencies. The official debt is $12 trillion, but it's many times that, thanks to uncounted obligations to Social Security, etc.
And now Congress, in its infinite wisdom, is near adding to the debt with health care reform that will almostly certainly run up the tab.
All this is not surprising. Officials in charge of the economy, including Treasury chief Timothy Geithner, were the guys who developed policies that contributed the real estate bubble and bust.
As Peter Schiff ("Crash Proof") points out, the big crash in the U.S. economy has yet to come. Best bet to conserve what you have: Buy foreign currencies or foreign stocks denominated in anything but U.S. dollars.
Here for how the Silverdome sucks, too.
And here for feds.
Category: Health care
Posted by Libby Spencer on Sun, Nov 22, 2009 at 1:19 PMA Thumbs Up for the Senate Reform Bill
While I've been pushing for major reform of our health care system, I admit that I don't know how well any of the proposals will work. The only point I'm certain of is that doing nothing is not an option. Our current process is simply inhumane and unsustainable. So I was greatly relieved by this review of the current Senate bill by Jonathan Gruber, a leading expert from MIT, who is reviewing it page by page and very much likes what he sees.
"I'm sort of a known skeptic on this stuff," Gruber told me. "My summary is it's really hard to figure out how to bend the cost curve, but I can't think of a thing to try that they didn't try. They really make the best effort anyone has ever made. Everything is in here....I can't think of anything I'd do that they are not doing in the bill. You couldn't have done better than they are doing."
This is the best reporting on the bill I've seen yet. It focuses solely on what the bill does without getting into the horserace politics of the process. It's a must read if you want to understand what this bill will do. I admit, I've been worried that the bill will make things worse. After reading this, I'm very encouraged that we're headed in the right direction for true reform that will improve our health care.
Detroit, the sign of things to come
The things you see in the city of Detroit will not stop at the city limits. The weeds and abandoned houses will be in the suburbs and all over the United States of America in the next 10 years. As the country continues to move away from making things, inner cities and outer suburbs will suffer.
America has decided to let the rest of the world mass produce everything from toys to cars. It was Detroit that taught the world how to mass-produce and pay workers enough money for doing so that it created a customer for the product. It was in Highland Park that Henry Ford led the world into mass production by making 9,000 Model Ts in a day.
Media talking heads put Detroit down and blame the riots and corrupt politicians for the fall of the great city. But the truth is it was the Republicans at their National Convention in Detroit in the early '80s that put in place plans to send manufacturing to foreign countries.
The Republicans, led by Ronald Regan's voodoo economic policies, started the end of decent pay and the middle class. The sad thing is it was meant to harm only the inner cities that were taken over by bold black men like Coleman A. Young in Detroit. Those union-busting ways broke not just the city, but also the country.
Obama must not change like Bill Clinton changed to be re-elected. Clinton won his second term by being more Republican than any Republican. He changed his mind on welfare reform and many other issues just to get re-elected. Obama came in on "Yes We Can" and he must stay the course, even as his popularity falls.
It is better to be a one-term president and save the nation than to get a second term and destroy the country his daughters will inherit.
Missing the mark
A group calling itself Project 21, a black leadership network, is upset with the Rev. Jesse Jackson about his remarks at the Congressional Black Caucus Foundation reception held in his honor. It has been 25 years since he was a candidate for the Democratic Party nomination for the presidency of the United States. He never ran for president, but he gave great courage to many young blacks.
At that meeting he called out Alabama Rep. Arthur Davis, D-Al., saying "You can't vote against health care and call yourself a black man." The group called Jackson's statement divisive and likened it to the mental tactics of an antebellum slave owner.
Both sides miss the mark. The leaders of the Project 21 did not understand what Jackson meant by black and Jackson missed the mark by not understanding the post-Obama black man. It is a new day and every black person has to get used to it, from my generation and the young people in my son's and daughter's generation. They must give respect to the thinking that shaped blacks as a people over the last 40 years.
If they don't, society will become "White Only" again, but this time it will be at the University of Michigan and not just the lunch counter in Alabama.
Jesse Jackson and Arthur Davis are the same color on the outside, but their thinking has not been shaped by the same set of circumstances.
Category: Republicans
Posted by Libby Spencer on Sat, Nov 21, 2009 at 1:24 PMStand Off in Standish
Liz Cheney's new political advocacy group, Keep America Safe, whose only purpose appears to be to attack President Obama's national-security policies, has posted a short video featuring a few citizens of Standish who are opposed to potentially housing some Gitmo detainees in their local prison. These people claim to be speaking for the majority of the town, but the City Manager says that's not true. In fact, the "Standish city council recently passed a unanimous resolution expressing support for bringing Gitmo detainees," as a way to bring much needed employment to the town. He accuses Cheney's group of fearmongering and says the people on the video represent a tiny minority of naysayers. The video is available at the link above.
To put this bit of propaganda into further context, a major funder of "Keep America Safe" is long time GOP operative Mel Sembler, who was awarded a couple of different ambassador positions during GOP administrations and was a co-founder of Straight, Inc., a controversial chain of drug-treatment centers that were shut down after numerous complaints of physical and psychological abuse of its clients, some of which was attributed to Sembler personally. Hard to believe this makes for a non-partisan organization.
In any event, these citizens of Standish should worry more about losing the opportunity to reactivate their prison than about who might be housed in it. They have some strong competition. Thomson, Illinois " is reportedly pushing hard for the administration to send Guantanamo prisoners there." If Standish goes broke, they may be sorry they weren't a bit more courageous.
Category: Republicans
Posted by Libby Spencer on Sat, Nov 21, 2009 at 12:24 PMGOP Endorses War Against Our Government
This is so over the top. Someone put up this billboard in Missouri and a local county GOP Committee is applauding it on its webpage.

I know they say politics isn't beanbag, but I never thought I'd see the day when a major political party effectively endorsed overthrowing our legitimately elected government. Sure sounds like sedition to me. And it makes me wonder why people are so afraid of foreign terrorists. Looks to me like we should be more worried about Republicans who apparently want to destroy our centuries old system, simply to regain political power for themselves.
Category: Voter Disconnect
Posted by Mako Yamakura on Sat, Nov 21, 2009 at 11:05 AMPre-Game C-Span coverage
Interesting advice from a former Reagan adviser who notes the selective rhetoric of a party who has no more credibility than the other, before an 8pm vote on a massive, massive health care bill, the same size as 2005's Medicare Part D debacle. The problem here is if we're making the same mistake twice. Watch it here, or just leave it on to listen to between football. Mako out.
Category: New media
Posted by Libby Spencer on Fri, Nov 20, 2009 at 4:37 PMTea Party - The Documentary
When I first saw this, I thought it might be one of those mash-ups that people sometimes make for fake movies, but I'm told that this is a real trailer for an actual documentary about the tea parties, that will be aired on the internet. Not absolutely sure that's accurate, but thought it was pretty well-produced and worth passing on for the artistic value if nothing else.











