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Why Isn't Wall Street in Jail? - 0 views

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    Which is not to say that the Obama era has meant an end to law enforcement. On the contrary: In the past few years, the administration has allocated massive amounts of federal resources to catching wrongdoers - of a certain type. Last year, the government deported 393,000 people, at a cost of $5 billion. Since 2007, felony immigration prosecutions along the Mexican border have surged 77 percent; nonfelony prosecutions by 259 percent. In Ohio last month, a single mother was caught lying about where she lived to put her kids into a better school district; the judge in the case tried to sentence her to 10 days in jail for fraud, declaring that letting her go free would "demean the seriousness" of the offenses. So there you have it. Illegal immigrants: 393,000. Lying moms: one. Bankers: zero. The math makes sense only because the politics are so obvious. You want to win elections, you bang on the jailable class. You build prisons and fill them with people for selling dime bags and stealing CD players. But for stealing a billion dollars? For fraud that puts a million people into foreclosure? Pass. It's not a crime. Prison is too harsh. Get them to say they're sorry, and move on. Oh, wait - let's not even make them say they're sorry. That's too mean; let's just give them a piece of paper with a government stamp on it, officially clearing them of the need to apologize, and make them pay a fine instead. But don't make them pay it out of their own pockets, and don't ask them to give back the money they stole. In fact, let them profit from their collective crimes, to the tune of a record $135 billion in pay and benefits last year. What's next? Taxpayer-funded massages for every Wall Street executive guilty of fraud?
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Late Night: Stop Whining, Liberals! | Firedoglake - 0 views

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    This again? OK, let's try this Team Obama. I know you're obviously doing focus groups on this stuff somewhere, but I've got to tell you. I'm your target customer and trust me -- you're badly missing the mark.
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t r u t h o u t | This Is Your Brain on War - 0 views

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    Andrew Sullivan's defense of President Obama's claimed power to have American citizens assassinated nicely reveals much of the illogic behind, and many of the dangers inherent in, America's Forever War. Let's examine it point by point.
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Republicans block child nutrition bill - Yahoo! News - 0 views

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    WASHINGTON - House Republicans have temporarily blocked legislation to feed school meals to thousands more hungry children. Republicans used a procedural maneuver Wednesday to try to amend the $4.5 billion bill, which would give more needy children the opportunity to eat free lunches at school and make those lunches healthier. First lady Michelle Obama has lobbied for the bill as part of her "Let's Move" campaign to combat childhood obesity.
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Les Leopold: Why are We Afraid to Create the Jobs We Need? - 0 views

  • 1. The private sector will create enough jobs, if the government gets out of the way. Possibly, but when? Right now more than 2.7 percent of our entire population has been unemployed for more than 26 weeks -- an all time-record since the government began compiling that data in 1948. No one is predicting that the private sector is about to go on a hiring spree. In fact, many analysts think it'll take more than a decade for the labor market to fully recover. You can't tell the unemployed to wait ten years. Counting on a private sector market miracle is an exercise in faith-based economics. There simply is no evidence that the private sector can create on its own the colossal number of jobs we need. If we wanted to go down to a real unemployment rate of 5% ("full employment"), we'd have to create about 22.4 million jobs. (See Leo Hindery's excellent accounting.) We'd need over 100,000 new jobs every month just to keep up with population growth. It's not fair to the unemployed to pray for private sector jobs that might never come through. 2. We can't afford it. Funding public sector jobs will explode the deficit and the country will go broke: This argument always makes intuitive sense because most of us think of the federal budget as a giant version of our household budget - we've got to balance the books, right? I'd suggest we leave that analogy behind. Governments just don't work the same way as families do. We have to look at the hard realities of unemployment, taxes and deficits. For instance, every unemployed worker is someone who is not paying taxes. If we're not collecting taxes from the unemployed, then we've got to collect more taxes from everyone who is working. Either that, or we have to cut back on services. If we go with option one and raise taxes on middle and low income earners, they'll have less money to spend on goods and services. When demand goes down, businesses contract--meaning layoffs in the private sector. But if we go with option two and cut government services, we'll have to lay off public sector workers. Now we won't be collecting their taxes, and the downward cycle continues. Plus, we don't get the services. Or, we could spend the money to create the jobs and just let the deficit rise a bit more. The very thought makes politicians and the public weak in the knees. But in fact this would start a virtuous cycle that would eventually reduce the deficit: Our newly reemployed people start paying taxes again. And with their increased income, they start buying more goods and services. This new demand leads to more hiring in the private sector. These freshly hired private sector workers start paying taxes too. The federal budget swells with new revenue, and the deficit drops. But let's say you just can't stomach letting the deficit rise right now. You think the government is really out of money--or maybe you hate deficits in principle. There's an easy solution to your problem. Place a windfall profits tax on Wall Street bonuses. Impose a steep tax on people collecting $3 million or more. (Another way to do it is to tax the financial transactions involved in speculative investments by Wall Street and the super-rich.) After all, those fat bonuses are unearned: The entire financial sector is still being bankrolled by the taxpayers, who just doled out $10 trillion (not billion) in loans and guarantees. Besides, taxing the super-rich doesn't put a dent in demand for goods and services the way taxing other people does. The rich can only buy so much. The rest goes into investment, much of it speculative. So a tax on the super rich reduces demand for the very casino type investments that got us into this mess.
  • 3. Private sector jobs are better that public sector jobs. Why is that? There is a widely shared perception that having a public job is like being on the dole, while having a private sector job is righteous. Maybe people sense that in the private sector you are competing to sell your goods and services in the rough and tumble of the marketplace--and so you must be producing items that buyers want and need. Government jobs are shielded from market forces. But think about some of our greatest public employment efforts. Was there anything wrong with the government workers at NASA who landed us on the moon? Or with the public sector workers in the Manhattan project charged with winning World War II? Are teachers at public universities somehow less worthy than those in private universities? Let's be honest: a good job is one that contributes to the well-being of society and that provides a fair wage and benefits. During an employment crisis, those jobs might best come directly from federal employment or indirectly through federal contracts and grants to state governments. This myth also includes the notion that the private sector is more efficient than the public sector. Sometimes it is, but mostly it isn't. Take health care, which accounts for nearly 17 percent of our entire economy. Medicare is a relative model of efficiency, with much lower administrative costs than private health insurers. The average private insurance company worker is far less productive and efficient than an equivalent federal employee working for Medicare. (See study by Himmelstein, Woolhandler and Wolfe) 4. Big government suffocates our freedom. The smaller the central government, the better -- period, the end. This is the hardest argument to refute because it is about ideology not facts. Simply put, many Americans believe that the federal government is bad by definition. Some don't like any government at all. Others think power should reside mostly with state governments. This idea goes all the way back to the anti-federalists led by Thomas Jefferson, who feared that yeomen farmers would be ruled (and feasted upon) by far-away economic elites who controlled the nation's money and wealth. In modern times this has turned into a fear of a totalitarian state with the power to tell us what to do and even deny us our most basic liberties. A government that creates millions of jobs could be seen as a government that's taking over the economy (like taking over GM). It just gets bigger and more intrusive. And more corrupt and pork-ridden. (There's no denying we've got some federal corruption, but again the private sector is hardly immune to the problem. In fact, it lobbies for the pork each and every day.) It's probably impossible to convince anyone who hates big government to change their minds. But we need to consider what state governments can and cannot do to create jobs. Basically, their hands are tied precisely because they are not permitted by our federal constitution to run up debt. So when tax revenues plunge (as they still are doing) states have to cut back services and/or increase taxes. In effect, the states act as anti-stimulus programs. They are laying off workers and will continue to do so until either the private sector or the federal government creates many more jobs. Unlike the feds, states are in no position to regulate Wall Street. They're not big enough, not strong enough and can easily be played off against each other. While many fear big government, I fear high unemployment even more. That's because the Petri dish for real totalitarianism is high unemployment -- not the relatively benign big government we've experienced in America. When people don't have jobs and see no prospect for finding them, they get desperate -- maybe desperate enough to follow leaders who whip up hatred and trample on people's rights in their quest for power. Violent oppression of minority groups often flows from high unemployment. So does war. No thanks. I'll take a government that puts people to work even if it has to hire 10 million more workers itself. We don't have to sacrifice freedom to put people to work. We just have to muster the will to hire them.
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    Unemployment is the scourge of our nation. It causes death and disease. It eats away at family life. It erodes our sense of confidence and well being. And it's a profound insult to the richest country on Earth. Yet it takes a minor miracle for the Senate just to extend our paltry unemployment benefits and COBRA health insurance premium subsidies for a month. Workers are waiting for real jobs, but our government no longer has the will to create them. How can we allow millions to go without work while Wall Street bankers--the ones who caused people to lose their jobs in the first place-- "earn" record bonuses? Why are we putting up with this? It's not rocket science to create decent and useful jobs, (although it does go beyond the current cranial capacity of the U.S. Senate). It's obvious that we desperately need to repair our infrastructure, increase our energy efficiency, generate more renewable energy, and invest in educating our young. We need millions of new workers to do all this work--right now. Our government has all the money and power (and yes, borrowing capacity) it needs to hire these workers directly or fund contractors and state governments to hire them. Either way, workers would get the jobs, and we would get safer bridges and roads, a greener environment, better schools, and a brighter future all around. So what are we waiting for?
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Five myths about liberal academia - 0 views

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    Do red-blooded, hard-working Americans pay thousands of dollars each year to send their children to college, only to have those kids turned into pot-smoking Obamacare-lovers by a pack of communist hippies? This stereotype -- professors as brainwashing left-wing ideologues -- has dogged academia at least since the Vietnam War era. But our nation's vilified professoriate isn't composed of just Marxists and Whole Foods shoppers. Let's upend five popular misconceptions about the people educating the next generation.
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Impeach President Obama - Associated Content from Yahoo! - associatedcontent.com - 0 views

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    Why Impeachment? The Constitution, Article II, Section 4: The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors. It has become clear that the federal government has lost legitimacy. Mass scale impeachments (and/or Egypt style calls for resignation via mass strikes) should be pushed for immediately. Let's detail why the first to go should be the president of the United States.
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Edward D. Kleinbard: Rich Man Whining - 0 views

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    Let's put to bed for all time this trope that half of Americans have no "skin in the game." The income tax is simply one of a suite of federal taxes imposed on rich and poor in different proportions and collected through different mechanisms.
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Has our bloated security budget made us safer? - National security - Salon.com - 0 views

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    The killing of Osama Bin Laden did not put cuts in national security spending on the table, but the debt-ceiling debate finally did. And mild as those projected cuts might have been, last week newly minted Secretary of Defense Leon Panetta was already digging in his heels and decrying the modest potential cost-cutting plans as a "doomsday mechanism" for the military. Pentagon allies on Capitol Hill were similarly raising the alarm as they moved forward with this year's even larger military budget. None of this should surprise you. As with all addictions, once you're hooked on massive military spending, it's hard to think realistically or ask the obvious questions. So, at a moment when discussion about cutting military spending is actually on the rise for the first time in years, let me offer some little known basics about the spending spree this country has been on since September 11, 2001, and raise just a few simple questions about what all that money has actually bought Americans. Consider this my contribution to a future 12-step program for national security sobriety. Let's start with the three basic post-9/11 numbers that Washington's addicts need to know:
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Critical Mass - Brown English professor endorses heckler's veto - 0 views

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    Let's hear it ... for village idiocy. Blog post mentioning the praise of the same, from somebody who ought to know better.
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Oliver Stone: Don't Betray Us, Barack -- End the Empire | News & Politics | AlterNet - 0 views

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    Let's face facts: The US can no longer dictate to the rest of the world.
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Was he bluffing the whole time? - Budget Showdown - Salon.com - 0 views

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    Let's be clear: It was never in the political interests of House Republicans to force a government shutdown over this -- and John Boehner, who was a member of his party's leadership when the GOP suffered a P.R. disaster during the shutdowns of late 1995 and early 1996, knew it. But the House Speaker also knew that the best way to keep his fellow Republicans from insisting on one -- and, potentially, from throwing him overboard in the process -- was to extend the negotiations as long as possible, making it look like he was as hell-bent on confrontation with President Obama as they were, and to hope that influential conservatives would eventually give him cover to cut a deal. That seems to be what finally happened late on Friday night, just over an hour before funding for the government was set to expire and mass furloughs were set to begin.
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Rebecca MacKinnon: Let's take back the Internet! | Video on TED.com - 0 views

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    In this powerful talk from TEDGlobal, Rebecca MacKinnon describes the expanding struggle for freedom and control in cyberspace, and asks: How do we design the next phase of the Internet with accountability and freedom at its core, rather than control? She believes the internet is headed for a "Magna Carta" moment when citizens around the world demand that their governments protect free speech and their right to connection.
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Catalpa Grove: Chen Guangcheng and Heroes of Tiananmen Square---Let's Never Forget - 0 views

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    I worked in an office one time with Bob who was an extreme political leftist. One time he and I were in a debate about Fidel Castro. Bob was going on and on how the dictator was misunderstood and he actually improved the lives of the Cubans. Often times people just give dictators and governments like China a pass so as not to upset the political apple cart!
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Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views

  • Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
    • Bakari Chavanu
       
      Jeremey Rifkin's The End of Work proposes this idea.
  • What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
  • A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
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  • Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve.
  • In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate.
  •  Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone.
  • Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
    • Bakari Chavanu
       
      Defines capital stock
  • You know what else really blows? Wall Street. The whole point of a finance sector is supposed to be collecting the surplus that the whole economy has worked to produce, and channeling that surplus wealth toward its most socially valuable uses. It is difficult to overstate how completely awful our finance sector has been at accomplishing that basic goal. Let's try to change that by allowing state governments into the banking game.
  • There is only one state that currently has a public option for banking: North Dakota.
  • When North Dakotans pay state taxes, the money gets deposited in the state's bank, which in turn offers cheap loans to farmers, students and businesses. The Bank of North Dakota doesn't make seedy, destined-to-default loans, slice them up inscrutably and sell them on a secondary market.
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David Ray Griffin - Let's Get Empirical - 0 views

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    "David Ray Griffin Debunks Popular Mechanics and other [9/11] debunkers."
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Ted Koppel: Nine years after 9/11, let's stop playing into bin Laden's hands - 0 views

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    The attacks of Sept. 11, 2001, succeeded far beyond anything Osama bin Laden could possibly have envisioned. This is not just because they resulted in nearly 3,000 deaths, nor only because they struck at the heart of American financial and military power. Those outcomes were only the bait; it would...
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Steve Young: Most Race-Baiting Column EVER! O'Reilly Uses Nearly Entire Column To Conju... - 0 views

  • In one of the most incendiary columns ever written, "Race And The Presidential Election," Bill O'Reilly sets the race-bait bar to record-breaking...depths. Short of saying that Barack Obama wants to sleep with your pearly-white daughter, O'Reilly uses just about every button meant to alarm his white fans to the fact that Barack Obama is BLACK and that just his running for, let alone becoming, president, could set off race-laced fireworks.
  • "Obama's second dilemma is convincing skeptical white voters that he and his wife are sympathetic to their concerns. Let's be honest--few white Americans would tolerate a Reverend Wright for five minutes, much less 20 years."
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We're so good at medical studies that most of them are wrong - 0 views

  • Statistical validation of results, as Shaffer described it, simply involves testing the null hypothesis: that the pattern you detect in your data occurs at random. If you can reject the null hypothesis—and science and medicine have settled on rejecting it when there's only a five percent or less chance that it occurred at random—then you accept that your actual finding is significant. The problem now is that we're rapidly expanding our ability to do tests. Various speakers pointed to data sources as diverse as gene expression chips and the Sloan Digital Sky Survey, which provide tens of thousands of individual data points to analyze. At the same time, the growth of computing power has meant that we can ask many questions of these large data sets at once, and each one of these tests increases the prospects than an error will occur in a study; as Shaffer put it, "every decision increases your error prospects." She pointed out that dividing data into subgroups, which can often identify susceptible subpopulations, is also a decision, and increases the chances of a spurious error. Smaller populations are also more prone to random associations. In the end, Young noted, by the time you reach 61 tests, there's a 95 percent chance that you'll get a significant result at random. And, let's face it—researchers want to see a significant result, so there's a strong, unintentional bias towards trying different tests until something pops out. Young went on to describe a study, published in JAMA, that was a multiple testing train wreck: exposures to 275 chemicals were considered, 32 health outcomes were tracked, and 10 demographic variables were used as controls. That was about 8,800 different tests, and as many as 9 million ways of looking at the data once the demographics were considered.
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    It's possible to get the mental equivalent of whiplash from the latest medical findings, as risk factors are identified one year and exonerated the next. According to a panel at the American Association for the Advancement of Science, this isn't a failure of medical research; it's a failure of statistics, and one that is becoming more common in fields ranging from genomics to astronomy. The problem is that our statistical tools for evaluating the probability of error haven't kept pace with our own successes, in the form of our ability to obtain massive data sets and perform multiple tests on them. Even given a low tolerance for error, the sheer number of tests performed ensures that some of them will produce erroneous results at random.
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Don't Blame Obama, America Did It To Itself - 0 views

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    Obama is neither liberal nor conservative, he's a middle of the roader. It sure would've been nice if voters had noticed that before they elected him.
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    I'd sure like to see Obama "kick some ass", instead of allowing the Repubs to do the same thing they've been doing for the past eight or nine years. Mainly bully and intimidate, and use scare tactics to get what they and big business want.
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    Frank: The democrats have a 60 vote majority and Obama doesn't need them at all for anything. He pretty much has let them know "We Won!" He also has pretty much let them know he doesn't need them. This is a Liberal controlled White House, Senate and House. Stop the blame game. Let's put the focus exactly where everyone who is truthful, here, understands: On the Democratic controlled Administration and Congress. They have all the marbles and they don't need the Republicans' vote. The problem Obama has is that he realizes that there is going to be a bloodbath. Please, don't say otherwise - even his own people are starting to prepare the party. Why do you suppose four Democrats announced that they are retiring - they aren't even running over the next 10 1/2 months. More will reitre before election day. He has the same problem that Clinton had - he could possibly lose the House and he would then be somewhat in the same position of Clinton - who was forced to the middle because he would not be able to get anything else approved. I may be wrong, history will decide, but I think the American people no longer trust either party. Are you happy with the Democrats? We now have senators selling their vote for $300,000,000 in one instance and Sen. Nelson just got a permanent exemption for Medicaid cost that States have to pay - Forever! All 49 other states must pick up this states cost - all for one vote! Do you believe this is what the Democrats, Republicans or Independents expect or want from their government. I don't. Getting back to my point, the people of America don't trust either party, now, and want them closely divided so they don't do too much harm. Independents have swung away from Obama in a very big way. He ran more as a centrist and now people fill lied to. Seven days before he took office he said he was fundamentally going to change America. No one had heard this before - not "Fundamentally". They expected a far more bipartisan
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