Bummer, Willard

Ya gotta know that deep down, even a lyin' sack o' shit like Willard isn't really rooting for the country to go up in flames, but ya gotta know also that deeper downer, Willard was praying hard for a few well-timed signs that he could at least spin to make his gang feel a little surer that the country's demise is imminent unless they blah blah blah.



Jobs number is up (except Manufacturing Sector), unemployment number is down, Dow flirting again with record highs, Corporate Profits are up almost across the board, Average Hourly Earnings is up, Consumer Spending is up, Public Confidence is improving, etc etc etc.

Oops

The Money Votes

More at The Real News

Of Growing Concern And Connecting Dots

When the American Conservative agrees with Rolling Stone (pay wall - which isn't working for me right now, goddam hippies) anyway, when those two agree, we may be seeing a monumental shift in political tectonics.

(hat tip = JG)
The American Conservative:

To some degree the rich have always secluded themselves from the gaze of the common herd; their habit for centuries has been to send their offspring to private schools. But now this habit is exacerbated by the plutocracy’s palpable animosity towards public education and public educators, as Michael Bloomberg has demonstrated. To the extent public education “reform” is popular among billionaires and their tax-exempt foundations, one suspects it is as a lever to divert the more than $500 billion dollars in annual federal, state, and local education funding into private hands—meaning themselves and their friends. What Halliburton did for U.S. Army logistics, school privatizers will do for public education. A century ago, at least we got some attractive public libraries out of Andrew Carnegie. Noblesse oblige like Carnegie’s is presently lacking among our seceding plutocracy.

A book review (LA Times) of The Betrayal of the American Dream, by Don Bartlett and Jim Steele that ran in The San Jose Mercury News:

Since the 1980s, a host of politicos, both Republican and Democrat, have sold their business-friendly reforms to the American people in the name of economic efficiency: Corporate America saves, and we all save! But the real winner, Bartlett and Steele argue, is the American "ruling class." Among other things, the economic elite have quietly, methodically and ruthlessly restructured the tax code on behalf of the wealthiest Americans, the authors say. Tax cuts on unearned income and carried interest allow the richest of the rich to pay less income tax with each passing year.

Put that together with NPR producing a whole segment around it:

"Everyone loves Apple. Apple makes nothing in this country anymore," Bartlett tells NPR's Steve Inskeep as an example. "But then, look over here on the other side and you have Intel, and their plants are massive, and they are good-paying jobs. They continue to invest in this country. And what we need in this country now are more Intels and fewer Apples."

For models of how to boost manufacturing and job growth in the U.S., Barlett and Steele look abroad. "Germany has had a fairly good record in recent years," Steele says. When the global financial meltdown happened, Germany adopted a policy that subsidized companies in order to help them keep employees on the rolls. "It's one of the reasons the German unemployment rate is much lower than in this country," he says.

Is anybody still really wondering why it just feels like there's something wrong goin' on?
 

And that graph is the rather generous way of looking at the disparity of income growth after taxes.  There's plenty of data suggesting Real Income has gone down for a huge percentage of American workers - especially when you look at the number of people who've been shifted into Salaried positions, and who're putting in longer hours and getting no overtime pay for it.

Here's a fun fact:
In 1979, there were more Americans employed in manufacturing - in this country - than there had ever been before or have been since then.

We're gettin' fucked with our pants on, guys.

Workin' In The USA

Uh Oh

hat tip = Juan Cole

July was the hottest month ever in the continental U.S., and the past twelve months have been hotter than any such period on record.

Half of all counties in the country have been declared disaster areas, mainly due to drought.

Heart And Soul

My maternal-side Grandpa owned a grocery starting in the early 20s, and when the Depression hit, he became pretty well-known locally for his huge heart and willingness to extend credit for those in need - even to the point of having forgiven thousands of dollars in accounts receivable well after the time most of his customers got back on their feet again.

As I learned something about politics, I always assumed he was a fairly "typical Liberal Democrat", but my mom set me straight on that one, telling me he was a life-long Republican and near-extreme conservative who hated FDR and The New Dealers with a passion.  That took me by surprise, and it made me understand that there's a kind of paradox that's always existed in American politics, but has recently begun to disappear at an alarming rate.

I guess it comes down to my favorite Tom Morris quote from his book, If Aristotle Ran General Motors: "There is no contradiction in having a hard head and a soft heart".

So anyway, this is not the heart and soul of American Capitalism, because there is no soul, no heart, and no honor in it:

This is the real deal, because this is where all the heart and the soul and the honor is in American Capitalism:

Obama's Gaffe

What does Obama mean when he says 'the private sector's doing fine"?  Where does he get off contradicting the Official GOP Narrative!?!

Oh wait - maybe this is what he was trying to tell us:

First, this is what The Private Sector looks like now - with jobs back up to about where they were Pre-Recession.

Now, here's Federal Jobs

And finally, All Gov't Jobs

Which part of Republicans-are-a-bunch-of-lyin'-sacks-of-shit are you having trouble understanding?

Dr Krugman

Austerity is bad policy because it's not Economics at all - it's an Ideological Religion.  A true faith.  The big problem is that Demand has dried up, and the Supply-Siders just can't stand thinking their pet theory might not work all that well this time.

The Real America

(hat tip = Crooks and Liars)

Pick 'Em

When it comes to policy regarding the US Economy, what we hear over and over from "conservatives" is that the Gubmint shouldn't be in the business of picking winners and losers.  And yet, here's a nearly unanimous GOP saying they'll continue subsidizing fossil fuels at a rate of 6-1 over alternative fuels.  And they'll do it in spite of what their pets over at DoD ask for every time they get a chance.

From Wonkette:

We remember a time when if “the generals” wanted solid-gold ballwashers, they got solid-gold ballwashers! But now, it seems, the Republican members of the House are a little more frugal. Oh, not for the important stuff, like building East Coast Star Wars installations that the Pentagon doesn’t want — no, that they will get. But for stupid stuff, like biofuels to power their infernal machines, and this:

The Conaway amendment included in the fiscal year 2013 National Defense Authorization Act (H.R. 4310) was meant to limit the Defense Department’s participation in an interagency agreement with the departments of Energy and Agriculture to spend $510 million to construct biorefineries capable of producing “drop-in” biofuels for the use by the Navy in its ships and jets, according to a summary.

Seems like the whole world is waiting for us lead on this shit, and it looks like we're just standing around with our dicks in our hands, wishing it was 1965 again so we didn't have to worry so much about all this complicated stuff.

More from The Burrill Report.

About That IPO Thingie (updated)

We might be able to call it Sean Parker's Revenge by Proxy - can't wait for the movie.  I hope Oliver Stone is ready.

Anyway, facebook is the greatest thing since perforated toilet paper, and when you can't make a big messy splash with facebook's IPO, well, there's something not quite right.

The thing went public at about $38 a share, "spiked" all the way up around $40; and when it looked like it could seriously flop, the big underwriters had to jump in and take huge Price-Support Positions to keep the thing from going so deep in the tank you'd need a wormhole generator to find it.

So, whaddup widdat?  One thing for sure is that now a few very big investments houses own significant holdings in facebook.  I don't know any of the rules where these things are concerned, but you're talkin' JP Morgan Chase and Goldman Sachs - so recent history would indicate "rules are for somebody else" and none of that crap about market-driven morality matters anyway.  Just let your imagination wander.

Maybe we're seeing more evidence of how people just don't relate to the structures of the economy.  I'll bet lots of people are in the standard default mode of "facebook's pretty cool - why are they always trying to fuck it up?"

For myself, I'll stay with "I don't trust those guys on WallStreet any farther than I could spit one of 'em".

All we really need to figure out now is: How do they make sure American Tax Payers keep having to eat the losses, and how do they turn that into a political liability for Obama, in order to hide the fact that tax payers are getting fucked with their pants on?

update:
oh yeah - when was the last time Wall Street launched something really good? And really, if you're a smart guy with great ideas, and you've spent the last 15 years or so bustin' your hump to make your cool little business work - why the fuck would you turn to any of these pricks for help when you know they're just gonna steal as much as they can carry and move on to the next sucker?  I don't get it.

Economic Mobility

"The South is the native home of American poverty" --Gene Nichol, director of the Center on Poverty, Work and Opportunity at the University of North Carolina-Chapel Hill.

I really wish this would come as a surprise - just once in a while.  Why is it always The South?  There're 9 states doing worse than the average and they're all in The South, and they're all Deep Red politically.  The politics in every one of those states is dominated by Right Wing TeaBaggers and/or Christianists, but certainly by radicals who're pretending to be "conservatives".

Utah's an obvious outlier, but on the other side of that coin, there're 8 states doing better than average, and 7 of those are either Hard Blue or toward the blue end of Purple.

I don't know what exactly has to happen to change all of this, but I do know that not much will change until people figure out for themselves just how badly they're being swindled.

Butter Up And Bend Over

You have to drill down and look deep to get the "whole story", but when it looks this kinda stark it's pretty clear just how fucked we are.

hat tip = TPM

The New Hoover

Vote Romney - 2 Escalades for every wife and an elevator in every garage.

From Prof Krugman via NYT

So, about that doctrine: appeals to the wonders of confidence are something Herbert Hoover would have found completely familiar — and faith in the confidence fairy has worked out about as well for modern Europe as it did for Hoover’s America. All around Europe’s periphery, from Spain to Latvia, austerity policies have produced Depression-level slumps and Depression-level unemployment; the confidence fairy is nowhere to be seen, not even in Britain, whose turn to austerity two years ago was greeted with loud hosannas by policy elites on both sides of the Atlantic.

An Aha Moment

"Conservatives" will always argue against making any serious cuts in Defense Spending by trying to make it all about National Security.  They have to ignore the 6 million American jobs that are directly dependent on the Pentagon because of course, "gubmint don't create no jobs", so they have to rationalize the flat-out waste of things like F-22 and F-35, the B-1 and the B-2, and the maintenance of a Doomsday Capable nuclear arsenal etc etc etc.  Hey, ya just never know when them Rooskies might start feelin' peckish, so we need to be ready.

I have to admit, I've been a little reluctant to hack away at the military budget because of the those jobs.  I remember a few times when cutbacks put a lot of good people out of work and had a pretty bad ripple affect across the economy; and I remember thinking Reagan's huge deficits were OK because the gi-normous military buildup was really just a federal jobs program in disguise.

But guess what.  Turns out it was mostly bullshit.  Imagine that - somebody with a vested interest in keeping the money flowing telling me stories about jobs that weren't really true just to keep the money flowing.  Sometimes, my own ignorance and gullibility shocks even myself.

So here it is - a new look from The National Priorities Project, and The Project For Defense Alternatives

hat tip = Wonkette

Here's the PERI link

Here's the PDA link

Disclaimer: Everybody's playing an angle of some kind, but not all angles are equal.

Spendthrift Obama

Can't we just put the crap away now?  From The Atlantic:

The graph tells a simple story that I've recounted before. For all the talk you hear about Obama's historic spree, government spending actually hasn't increased so dramatically under this president. The stimulus was big, but it's over. It's been replaced by, if not austerity (which has struck our states and cities) then a hard correction to the center.

But no, we prob'ly can't put it away at all.  Digging into the comments on Thompson's post shows an awful lot of people just totally unwilling to accept anything but their own version of the story.  And that's where we are now.  We've arrived at a place where people of great power have convinced way too many of us that Perception Is Reality.  If they're pushing an agenda that isn't supported by honest research and real-world data, then they just go shopping - somebody out there is willing to reach whatever foregone conclusion they have in mind.  You can see it in practically any business almost every day - the boss decides to take the company in a certain direction, and the good folks in Marketing (the smart ones anyway) will come up with "customer survey info" that confirms everything he wants to do.  Facts are now fungible.

And we are so fucked.

The Right To Free Speech

You have the right to speak freely.  You have no right to demand a paycheck for it.

Speak your mind at the bar or at church or on the street corner, and you have a reasonable expectation to be left alone to say whatever you wanna say (within certain limits).

When you're being paid to speak, you have an obligation to stay within guidelines that your employer gets to draw.  Stick to your script - get paid.  Go off on your own, and you're on your own.  And we wish you the very best of luck in all your future endeavors.

I'm not crazy about boycotts because they tend to hurt local business people (ie: neighbors) while leaving the big dogs more or less untouched.  That said, I still think it's a really good idea for consumers to vote with their feet if they feel the need, and with their emails whenever they get a chance.  Smart companies know they have to listen to their customers.  They spend many millions every year trying to convince us they're in line with the trends they spend other millions trying to get us to tell them about.  When we take a few minutes to sign a petition or send an email thru their websites or leave critical comments on their facebook pages, they notice.

So when Rush Limbaugh gets slapped around (finally) for being - for having been for a very long time - a complete punk-ass rent-a-con, what we may be seeing is a kind of self-correction; the immune system of the body politic at work.

I dunno, of course, but it looks a lot like cause and effect to me.  Pay a guy to do something and that's what he does.  Stop payin' him to do it and he's likely to stop doin' it.

(hat tip and inspiration = driftglass)

Significant If True

This could just as well be a hoax, but even if it is, it's fun to think that this is what the result of solid political action sounds like.

(hat tip = Daily Kos)

Dubious Associations

Papa Bear says it perfectly at the end of the last clip.

(hat tip = Wonkette)


But don't forget to vote for Newt cuz he's gonna get us all the gas we want at $2.50 a gallon.

Evidence To The Contrary

I tho't this was interesting (hat tip = AG):

"Conservatives" love to bash places like Charlottesville and Boulder as being "the People's Republic of..." etc, because (I assume) they perceive those places as bastions of Librul Think or whatever.

Not to put too fine a point on it, but the cities on the top list are fairly well-known as homes of some of the great 'Liberal Arts' colleges and universities - some of the best schools anywhere.  You know; those places where our innocent unsuspecting children go to be indoctrinated by evil Marxist professors, according to buttheads like Little Ricky Santorum - Provo being the probable exception.  But I'm getting off the path here.

What do you suppose we could learn if we put the two lists side by side and looked at things like Air and Water Quality Standards, Growth Planning, Industry Zoning and Regulation, and and and - all the things "conservatives" love to bitch about.  I wonder why the conservative towns are seen by their own citizens to be kinda crappy places to live.