Sunday, January 16, 2011

Why are Americans such assholes?


The above billboard was in Tucson, Arizona!

Gawkler reports:
A reporter in Arizona tells us, "KNST tells me they took that billboard down at 9:30 a.m. Monday morning." Not quite quick enough to beat the internet.
If images and statements associated with violence didn't have anything to do with what recently happened in Tuscon, why did they take the sign down?  Shouldn't these same people re-double, in fact "re-load" their campaign against the evil liberal empire and stand their ground in their honest attempt to sell hatred and violence to the indolent and ignorant?

When are Americans going to stand up to the extremists in the right and label those who pursue a violent and nihilistic vision of politics as the real "anti-Americans!"

Wednesday, January 12, 2011

Stating the Obvious about Tuscon and American Politics

In fact, there is no balance—none whatsoever. Only one side has made the rhetoric of armed revolt against an oppressive tyranny the guiding spirit of its grassroots movement and its midterm campaign. Only one side routinely invokes the Second Amendment as a form of swagger and intimidation, not-so-coyly conflating rights with threats. Only one side’s activists bring guns to democratic political gatherings. Only one side has a popular national TV host who uses his platform to indoctrinate viewers in the conviction that the President is an alien, totalitarian menace to the country. Only one side fills the AM waves with rage and incendiary falsehoods. Only one side has an iconic leader, with a devoted grassroots following, who can’t stop using violent imagery and dividing her countrymen into us and them, real and fake. Any sentient American knows which side that is; to argue otherwise is disingenuous.
- George Packer, "Arguing Tuscon"

(h/t Kevin Drum, MotherJones.com, "Quote of the Day: No, Both Sides Aren't Equally Guilty")

Andrew Sullivan on "The Rhetoric of the Right"

I am not horrified by the rhetoric and love of violence on the far right because I have some attachment to the Democrats. I am horrified because it is horrifying, because for years now, this kind of thing has become commonplace at the very top of the conservative political apparatus, and because the invocation of violence in a political context is inherently corrosive of democratic values. When you add to this a party committed to the use of military force as almost a first option, and to torture as a legal method of interrogation, it is irresponsible not to worry about where this is headed.
- Andrew Sullivan, "The Rhetoric of the Right"

I profoundly agree with his analysis. 

Paid partisans in the corporate media, want us to accept the incredulous claim that the right-wing is simply engaging in vociferous arguments to further democracy and freedom of speech.  They make the equally absurd claim that this hatred and climate of intolerance is bi-directional and Mr. Obama, himself, has been a conduit for the current atmosphere.  Their immediate response was to call all criticism of their daily vitriol "stupid." Their second act was to feign victimization and demand that all further insinuations stop, because it's starting to hurt their feelings that people may actually see them for the depraved and immoral sociopaths they are.

For the greater part of two decades, there has been proclivity on the right to dehumanize their opponents and marginalize any criticism of their complicity in debasing the public sphere. I have listed numerous cases (here, here, and here) arising in the past two years, where America's right-wing, in a petulant hissy-fit, demands that the world conform with their unstable worldview. The ultimate result will be that the nation will continue its current decline, will eventually falter in a fatal manner, and will end up as every empire that has existed before it.

Tuesday, January 11, 2011

Quote of the day: Gabrielle Giffords on language

"They really need to realize that the rhetoric and firing people up, and, you know, even things for example, we're on Sarah Palin's targeted list, but the thing is, that the way that she has it depicted has the crosshairs of a gunsight over our district. When people do that, you gotta realize there's consequences to that action."
- Congresswoman Gabrielle Giffords (D, AZ), March 2010 in response to Sarah Palin's crosshairs graphic.

The "Hammer" sentenced to the Slammer!

Tom Delay, former Republican majority leader, was sentenced yesterday to three years imprisonment for his involvement "for illegally plotting to funnel corporate contributions to Texas legislative candidates." The Washington Post has a complete report on the sentence. Additional discussion of Republican party corruption can be found in these previous posts: here, here, and here.

Delay to the very end complained he was an innocent man, who was simply doing what everyone else was doing. Maybe that's the problem Tommy! All you assholes up on the hill are doing everything, but what you're supposed to be doing; which is being public servants engaged in running the government on behalf of the people and not the corporations.

Consider what Texas prosecutors had to say about Delay and Delay's request that he only be subject to probation and community service.
"Conservative values . . . are supposed to include obeying the laws of the state and taking personal responsibility," [Lead prosecutor Gary] Cobb said. If DeLay received only probation, Cobb warned the judge, he would "wear that probation" like Jesus and call himself a martyr.

A colleague, prosecutor Steve Brand, separately claimed at the hearing that probation would not only send the wrong message to other members of Congress, but would signal to working-class citizens that DeLay was treated lightly just because he wore "a suit and a tie." He said that DeLay's repeated claims in a recent memoir that he did nothing improper were "the equivalent of a 'screw you' to the system."
Delay's unethical behavior and institutional corruption serve as a reminder as to the true nature of the system of governance that exists in Washington.  Although his arrest, prosecution, and sentencing are a small victory against the forces of corruption.  The beast still lives on with venal politicians -on both sides of the aisle- doing the bidding of their paymasters, lobbyists flooding the hallways of congress, a revolving door between government officials and businesses, and an electoral system that is hijacked by both parties.

Monday, January 10, 2011

Krugman on the toxicity of American Politics

Paul Krugman talks about the toxic atmosphere created by the right-wing and their corporate supporters in the media, that has lead America to this current and deadly state of affairs.  In the article he exposes the primary source for the vitriol.
The point is that there’s room in a democracy for people who ridicule and denounce those who disagree with them; there isn’t any place for eliminationist rhetoric, for suggestions that those on the other side of a debate must be removed from that debate by whatever means necessary.

And it’s the saturation of our political discourse — and especially our airwaves — with eliminationist rhetoric that lies behind the rising tide of violence.

Where’s that toxic rhetoric coming from? Let’s not make a false pretense of balance: it’s coming, overwhelmingly, from the right. It’s hard to imagine a Democratic member of Congress urging constituents to be “armed and dangerous” without being ostracized; but Representative Michele Bachmann, who did just that, is a rising star in the G.O.P.
He realizes that Fox News and Rush Limbaugh provide people who watch and listen to them exactly what they want; an endless stream of drama, in which they play the victim in their own pretentious and morally debased theater of the absurd.  However, that does not imply that just because the obscene can be monetized, that it should be given public disclosure.
But even if hate is what many want to hear, that doesn’t excuse those who pander to that desire. They should be shunned by all decent people.
This tragedy, isn't about limiting free speech.  This is about dangerously ignorant people, pursuing an ideology that demands the liquidation and elimination of all opponents and persons, who do not faithfully adhere their warped and deranged version of reality.  Krugman summarizes the critical conceit in this whole sordid affair.
It’s important to be clear here about the nature of our sickness. It’s not a general lack of “civility,” the favorite term of pundits who want to wish away fundamental policy disagreements. Politeness may be a virtue, but there’s a big difference between bad manners and calls, explicit or implicit, for violence; insults aren’t the same as incitement.
If there are those who do not believe the above, then they should ask what countries and explicitly, what Western democracies, allow their media and politicians to engage in such lawless behavior? The answer is that no Western European nations nor countries like Australia, Canada, or New Zealand, would tolerate the type of incitements to public violence as what routinely occurs in America.  On the other hand, third world countries with limited experience in democracy, failed nations engaging in sectarian conflict and ethnic cleansing, and countries like Venezuela and Iran, which are subsumed in managing their population through class and ideological warfare, are the ones in which America's political landscape most resembles.

Sunday, January 9, 2011

John Boehner, keeping it classy.

Republican congressman, John Boehner (R-OH) has been sworn in as the Speaker of the House of Representatives.  As all Republicans, he is committed to keeping it classy, just as it was when he was a regular congressmen and dispensing tobacco lobbyist checks to his fellow congressmen on the house floor.

Consider what Matt Taibbi, at Rolling Stone magazine, had to say about this indolent corporate shill and cocksucker:
Boehner suggested that by voting for Obamacare, [Steve] Driehaus "may be a dead man" and "can't go home to the west side of Cincinnati" because "the Catholics will run him out of town," Driehaus began receiving death threats, and a right-wing website published directions to his house. Driehaus says he approached Boehner on the floor and confronted him.

"I didn't think it was funny at all," Driehaus says. "I've got three little kids and a wife. I said to him, 'John, this is bullshit, and way out of bounds. For you to say something like that is wildly irresponsible.'"

Driehaus is quick to point out that he doesn't think Boehner meant to urge anyone to violence. "But it's not about what he intended — it's about how the least rational person in my district takes it. We run into some crazy people in this line of work."

Driehaus says Boehner was "taken aback" when confronted on the floor, but never actually said he was sorry: "He said something along the lines of, 'You know that's not what I meant.' But he didn't apologize"...
(h/t Brad DeLong's blog)

Sarah Palin, accomplice in mass murder!



Is this a reasonable graphic?  Congresswoman Gabrielle Giffords, who remains in an induced coma, didn't think so when asked about the above graphic issued by Palin, which implores Republican supporters to "reload" and keep pursuing their Democratic Party opponents.  In fact, the local Arizonan Republican candidate to oust Ms. Giffords did far more than Caribou Barbie.  He actually had a gun rally, where they said "Remove Gabrielle Giffords from office, shoot a fully automatic M-16." (ref. below)


Again, this type of inflammatory rhetoric isn't coming from fringe elements and outliers, this is coming from Party leaders, and no less than a former Vice-Presidential candidate of the USA herself.

If the above isn't sufficient to validate the depravity of these so-called Christians, consider what another Republican candidate and Tea party-backed congresswoman Michele Bachmann had to say on the subject:
Controversial Rep. Michele Bachmann (R-Minn.) said this weekend that she wants residents of her state "armed and dangerous" over President Barack Obama's plan to reduce global warming "because we need to fight back."
Whether these politicians believe what they are saying or are merely ginning up the facile minded dunces of the gun-totting "kill 'em all and let God sort 'em out" crowd is irrelevant to me.  They are inciting political violence to achieve political aims.  That and that alone is what the last decade has been all about: the war and struggle against violent extremism and terrorism!

Neither their words nor actions have been misconstrued by anyone to be merely metaphorical.   They themselves clearly defend their stance as a violent defense against Washingtonian corruption and capitulation to liberalism.  The only question left, is when is the Department of Justice going to start applying the laws uniformly and start sending Republicans to enjoy the warm sunshine and if Dick Cheney can be believed, excellent health care, in Guantanamo, Cuba?

Personal Accountability, the American right wing edition.


So this is what's left of the American political landscape?

Six dead, including a federal judge, a Pastor, three senior citizens, and a nine year old child.  A member of congress in critical condition, recovering from an attack that sent a bullet through her head and across her brain.  And another fourteen wounded.

Unlike those members of the mainstream media (MSM), who profit from the endless vitriol of the Republican party and unbalanced right-wing demagoguery as illustrated above in Caribou Barbie (aka Sarah Palin), reasonable and educated people are aware of the diminution of decency in the theater of American politics and the impact of that endless stream of vituperative speech on the nation as a whole.  Consider what Pima County Sheriff Clarence Dupnik, had to say on this matter.
When you look at unbalanced people, how they respond to the vitriol that comes out of certain mouths about tearing down the government... The anger, the hatred, the bigotry that goes on this country is getting to be outrageous and unfortunately Arizona has become sort of the capital. We have become the Mecca for prejudice and bigotry.
He did not say that this was the act of one deranged lunatic.  Rather, he cast a wide net on the media, the vast array of bigoted and self-serving members of the political establishment, and those who support these debased opportunists in the general public.
The vitriolic rhetoric that we hear day in and day out from people in the radio business and some people in the TV business ... This has not become the nice United States that most of us grew up in.
As others have pointed out, this is the standard model for conservatives when they are not in power.  Kevin Drum of MotherJones magazine describes the counter-cyclical response of the conservative electoral base during these periods:
If you elect a liberal Democratic president, you get this kind of reaction from middle class conservatives. In FDR's day you got the Liberty League. JFK inspired the growth of the John Birch Society. Clinton got the conspiracy-minded talk radio crowd. And Obama has the tea parties...

In the 30s it was opposition to the New Deal. For the Birchers it was communism. For the Clinton-haters it was the culture wars... while today's is the deficits/socialism message.
While it is true that in each period there was a distinct reaction to the policies of liberals and the Democratic party, the current regularity and pervasiveness of these attacks, which do not emanate from fringe groups, but from mainstream corporate sponsors, Republican party members across the nation, and prominent media personalities, indicates that the nation has moved into a political atmosphere that so toxic with rancor and lies, that it cannot be dismissed or quelled.

Let's review a few of those hyper-patriots who are so fond of  invoking Jefferson's "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants" quote.
  • Homeland Security Secretary, Janet Napolitano (D), recently was the recipient of an incendiary package
  • Governor Martin O'Malley (D) of Maryland, was also the intended recipient of two packages that detonated at a federal postal center injuring some workers.
  • Nevada Senatorial candidate and Tea Party favorite, Sharron Angle, stated that the public had the option of dealing with an out-of-control Congress through "Second Amendment remedies."  The terminology is right-wing code for the assassination and murder of federal officials.
  • Several other Republican candidates declared that the "violent overthrow" of the US government may be necessary in the event that they did not win the 2010 midterm elections.
  • Byron Williams, a former felon, planned "to target individuals at liberal nonprofit the Tides Foundation and the ACLU."    He injured two police officers in a highway shoot-out, when police attempted to apprehend him for erratic driving.  In interviews after his arrest, Williams claims that he was directly inspired by Glenn Beck, Fox news celebrity, to seek retribution.
  • Gregory Giusti pleaded guilty to repeatedly threatening House Speaker Nancy Pelosi -- including threatening to destroy her California home -- because he was "upset with her passing the health care law."  The perpetrator's mother indicates that he was motivated by friends and Fox News.
  • President Obama has seen a 400% increase in death threats from the public compared to George W. Bush. According to reports, America's first black President "is the target of more than 30 potential death threats a day and is being protected by an increasingly over-stretched and under-resourced Secret Service"
  • July 2009, Neo-Nazi James von Brunn, launched an attack on the US Holocaust Memorial Museum that killed security guard Stephen Tyrone Johns
  • May 2009, Minuteman off-shoot group leader, Shawna Forde, murdered a 9-year old girl and her father in Arizona, in an attempt to finance their militia operations.
  • May 2009, Abortion provider, Dr. George Tiller was murdered at his Church by an anti-abortion activist, who had belonged to an anti-government militia group that believed that virtually all existing modalities of government in the USA were illegitimate.  Dr. Tiller was shot point-blank in the head.  He had been a subject of violent militant and religious fanaticism since 1998.
  • April 2009, a local Florida man killed and wounded several Chilean students involved in a foreign exchange program.  The killer was an active member of the Republican party who had espoused murdering immigrants to his neighbours.
  • February 2009, in a suicide attack aimed directly against the IRS, a Texan man flew a single engine plane into the side of an Austin, Texas IRS building.  The incident led to the killing a of a single IRS employee and injury of several others.
  • Tennessee white supremacists planned to murder then Presidential candidate Barack Obama in 2008 and engage in the mass murder of black people.
  • July 2008, a lone gunman attacked Knoxville Unitarian Universalist Church in Tennessee, killing two patrons and injuring another seven.  The gunman, Jim David Adkisson, stated: "he had targeted the church because of its liberal teachings and his belief that all liberals should be killed because they were ruining the country, and that he felt that the Democrats had tied his country's hands in the war on terror and they had ruined every institution in America with the aid of major media outlets."
  • Eric Robert Rudolph, a right-wing Christian militant was responsible for the 1996 Atlantic Olympic bombings, the bombing of a Georgia abortion clinic, the bombing of lesbian nightclub in Atlanta, and a second abortion clinic bombing in Alabama, which killed a policeman working as a security guard and seriously injured nurse Emily Lyons.  Rudolph was assisted by like-minded sympathizers, who facilitated his evasion of police for more than five years.
  • April 1995, the Oklahoma city bombing was conducted by right-wing militants Timoty McVeigh, Terry Nichols, and Michael Fortier, who were seeking retribution against the federal government for their involvement in the 1990's FBI sieges of Ruby Ridge and Waco, Texas. According to Wikipedia, the blast claimed 168 lives and injured more than 680 people. The blast destroyed or damaged 324 buildings within a sixteen-block radius, destroyed or burned 86 cars, and shattered glass in 258 nearby buildings. The bomb was estimated to have caused at least $652 million worth of damage.
When it comes to the demented actions and words of right-wingers, they can never be held responsible, because in their mind they are the victims.  Like Palin and the propagandists at Fox news, they are never to blame for the climate of fear, hate, and ignorance that has arisen.  It's those dirty, hippie liberals, who are out to undermine the "real Americans," which are to blame.

***
UPDATE: Conservatives have already criticized and asked for the resignation of Sheriff Clarence Dupnik for his castigation of conservative rhetoric and theatrics.  As usual, the right-wing is ramping up the propaganda by saying that it is the amoral liberal press that is painting them - the same people who have been marching around the country attending presidential speeches, congressional rallies, and health care debates with handguns and publicly attacking anyone who may disagree with them for the past two years- as the bad guys!

Saturday, January 8, 2011

Robert Reich on Obama's Centrism

If you widen the lens, the public is being sold a big lie — that our problems owe to unions and the size of government and not to fraud and deregulation and vast concentration of wealth. Obama’s failure is that he won’t challenge this Republican narrative, and give people a story that helps them connect the dots and understand where we’re going.
- Robert Reich, UC Berkeley Professor, "Obama the Centrist Irks a Liberal Lion"

Thursday, January 6, 2011

Quote of the Day: Felix Salmon on the Plutocrats

When it comes to US plutocrats, most of them are very similar to the Russian oligarchs who seized their country’s natural resources — they’re bankers and hedge-fund managers who seized their country’s financial resources. They produced no goods, and they created no jobs — quite the opposite. And so it makes sense for Americans who have lost their jobs and their hope to reclaim those financial resources, through mechanisms like a wealth tax or a financial transactions tax. The Silicon Valley elite would happily pay such things. And if the angry bankers went off to destabilize some other financial system, they wouldn’t actually be missed.

Tuesday, January 4, 2011

America's bankers, partying like it's 2007!

They're back on top of the world! 

The same lot who who nearly destroyed the global economy, are back to their old habits and spending preferences.  The New York Times reports on the behavior of the denizens of Wall Street and the chieftains of American commerce.
Two years after the onset of the financial crisis, the stock market is recovering and Wall Street’s moneyed elite are breathing easier again. And this means in some cases they are spending again — at times cautiously, but sometimes with a familiar swagger.
The article lists that business is booming at plastic surgery salons, buyers are "pouring" into art auctions, high end restaurants are flooded with patrons, and there is a bidding war for summertime rentals in the Hamptons.  Given what their friends in Washington have done for them, the top earners believe their own economic situation is secure and are confident that their corpulent existence will not be interrupted soon.

It is precisely because of this behavior why we will continue to suffer crisis after crisis, until the whole wretched state collapses.  Unlike rational people, who assess their moral failings, personal faults, and actions that have hurt greater society, these people are sociopaths who are never held accountable for their actions.  Their only devotion is to the mighty dollar and indulging in materialistic shit.

Just consider some of their "efficient" economic activity:
Ms. Killoran, who runs a Brooklyn-based insurance company, says that over the last two years she cut her annual spending on cosmetic surgery in half, to about $3,000. She is now spending at pre-2008 levels. “I have to meet a lot of people, and this is part of investing in myself,” she said.
Or this tidbit of stupidity:
A Morgan Stanley trader recently tried to hire a dwarf for a bachelor party in Miami, asking the dwarf to meet him at the airport in a “Men in Black” style suit, according to e-mail exchanges.
At the end of the they day, the moneyed elite couldn't fucking care less about you.  As George Carlin said, "They don't fucking care about you! They don't fucking care!"
  • Have basic services such as police, firefighting, and ambulance services in your city have been cut because of state and municipal fiscal problems?  This isn't a problem for those Americans living in gated communities with private security and emergency health services.  Stop wasting their time, because there's a sale at Barney's they have to attend.
  • If you lived in NY city and wondered why your roads or sidewalks weren't recently cleared of snow so you can go to work, you can thank Mayor Bloomberg for cutting services and refusing to tax the these rich motherfuckers; out of fear that they may move the whole industry to New Jersey or Hoboken, PA!
  • Your employer cut your wages and benefits, stopped making 401k payments or nuked your pension, or forced you to pay more for health care insurance. Not a problem for the folks vacationing in multi-million dollar homes in the Hamptons.  Get a second job you bum!
  • Lost your job because these fucktards were scheming with other high-end crooks and blew up the economy in the process. Hey freeloader, talk to the hand, because they pay taxes too; although one has to go back decades to find a time when they were paying less.
  • Can't afford to send your kids to university!  Serves them right for wanting to attend those bastions of fucking liberalism.  Bloody hippies and communists!
This is the antithesis of a just and fair society.

Monday, January 3, 2011

Wachovia Bank accused of facilitating Ponzi scheme

In my books, Wachovia is a poster child for banking malfeasance and fraud.  In a previous post, I discussed Wachovia's involvement in laundering drug money from Mexican gangs.  This particular situation forced the bank to forfiet $110 million dollars in profit associated with the money laundering operations and pay another $50 million in fines to the government.

McClatchy press has an article, where one,
George Theodule lured hundreds of people to invest with him, using his heritage, a network of churches and his radio show as bait, the bank through which he operated his massive Ponzi scheme looked the other way, according to a lawsuit filed in federal court this month.
Between 2007 and 2008, Theodule manipulated investors from Florida, Georgia, and New Jersey to deposit money in so-called investment clubs.  The majority of those duped out of their investments were "working-class Haitian Americans who lost everything on the promise they would be guaranteed returns."

The lawsuits are pursued by a Miami based firm on behalf of Mr. Thoedule's clients.  The basis of their lawsuits is that Wachovia should have "determined that the transactions Theodule was conducting were inconsistent with any legitimate business."  The article points out that WaMu, Mr. Thoedule's former bank, discerned that his activities were not proper.
Federal regulations require banks to know the true identities of their customers and their customers' businesses, and banks must have systems in place to counter money laundering, said Kevin Mukri, spokesman for the Office of the Comptroller of the Currency. The regulations are extensive...

Banks must verify the source of money coming into accounts, monitor transactions and determine if they are suspicious -- and report them and if necessary close down the accounts.
This isn't a matter of managerial oversight or the incompetence of employees within Wachovia.  This was standard operating procedure for this bank, which has shown on multiple occassions it was more than happy to deal with criminal enterprises as long as they were getting part of the action.

Sunday, January 2, 2011

The revolving door between Government and Big Business

The New York Times reported earlier in December that Peter Orszag, Obama's first budget director, joined Citibank's investment banking group as a vice chairman.  Mr. Orszag joins a long list of former White House officials who have moved from government and into the board room's of America's largest corporations.
Mr. Orszag’s actual duties are murky at best. He is expected to draw on his deep knowledge of public sector financial issues and his experience overseeing the federal budget to counsel Citi’s clients on various policy actions. He is also expected to be something of a corporate rainmaker.
The Economist magazine evaluates the transaction and considers the entire situation an unsuitable arrangement that enforces perceptions of Washingtonian corruption.
Not only is the revolving door between Washington and Wall Street unseemly, its frictionless gliding action suggests corruption is built right into the interface between our government and our great profit-seeking institutions.
James Fallows over at The Atlantic magazine is quoted by the Economist and relays is own thoughts on the matter.
But in the grander scheme, his move illustrates something that is just wrong. The idea that someone would help plan, advocate, and carry out an economic policy that played such a crucial role in the survival of a financial institution—and then, less than two years after his Administration took office, would take a job that (a) exemplifies the growing disparities the Administration says it's trying to correct and (b) unavoidably will call on knowledge and contacts Orszag developed while in recent public service—this says something bad about what is taken for granted in American public life.

When we notice similar patterns in other countries—for instance, how many offspring and in-laws of senior Chinese Communist officials have become very, very rich—we are quick to draw conclusions about structural injustices. Americans may not "notice" Orszag-like migrations, in the sense of devoting big news coverage to them. But these stories pile up in the background to create a broad American sense that politics is rigged, and opportunity too.
The system as I have elaborated in a number of previous posts (ex. here, here, here, here, and here) is corrupt.  Here is a man with all the necessary knowledge on how to circumvent and manipulate whatever limited and existing impediments there are and will use that to his new employer's maximum benefit.  Robert Rubin, former Treasury Secretary under Clinton, joined Citibank to become a senior adviser and board member, with a $10 million a year paycheck with no management responsibility.  Carlos Gutierrez, a former commerce secretary under President George W. Bush, will join Citibank alongside Mr. Orszag, "to counsel Citi’s clients on various policy actions."

It is clear that the government is run by persons whose only interest is in using government to get rich quickly. We need to stop wasting our time asking whether the system is broken; it is.  The real question is how much worst is it going to get before the whole corpulent mess implodes?

Saturday, January 1, 2011

Why Big Business hates Obama


Obviously when the S&P 500 index has rebounded by almost 50% in the time that Obama has been president, the only thing left to do is publicly blame him for all the horrible and destructive socialist policies he is pursuing. After all, how else can someone explain that "American companies just had their best quarter ever, earning profits at an annual rate of $1.659 trillion in the third quarter." Deutsche Bank has stated that corporate profits per worker have rebounded to nearly an all-time high in the period. In addition, the banking industry, oil companies, and health insurance companies, all companies with extensive lobbying operations, are all likely to break profit records for 2010.

How this comports with the general narrative that Obama and the Democrats have created a climate of legislative uncertainty is unclear. American businesses are now as or even more profitable than they were before the start of the great recession. The only intelligent answer is that Obama's policies have greatly benefited big business, while it has done little to significantly reduce unemployment and mobilize those people whose jobs have been offshored into gaining new skills and meaningful careers.

Percentage of Canadians using the US health care system


The objective of this chart is not to cheer-lead on how great the Canadian health care system is; relative to European systems it's mediocre.  Rather, the chart is meant to illustrate that most Canadians aren't willing to spend vast sums of money on American health care that is comparable to what they are already receiving through a publicly taxed system.  Although a substantial number of Canadians do annually make their way into American hospitals for health care, for the majority it is for services that are not obtainable or easily performed within Canada and which is paid for by the patent's provincial government.

The Commonwealth Fund conducted a study earlier this year on 19 industrialized nations; including Australia, Canada, several European nations, and the USA.  The results were:
the U.S. [ranked] 19th in infant mortality, 15th in preventable mortality and 14th in the use of electronic medical records, all despite spending far and away the greatest percentage of GDP on health care. Relative to other comparable countries surveyed, the U.S. has the greatest incidence of medical and prescription errors, highest emergency room waiting times and ranks near the bottom in duplicate medical tests. The U.S. spends 7.3% of its health dollars on administration and insurance, compared to just 1.9% in France, 2.6% in Canada, and 3.3% in the UK.
Furthermore, the study concluded that Canada spends slightly more than half of what America does per capita for health care, yet reaches similar if not better overall results in terms of quality, access, efficiency, equity, and overall citizen health.