Haunting the Web Since 1999
In the NYT, Paul Krugman reviews the waning of the deficit witchhunt. “I’m not sure whether most readers realize just how thoroughly the great fiscal panic has fizzled — and the deficit scolds are, of course, still scolding.” Of course they are. Now would be the time for embarrassment, if the Simpson-Bowles types out there were capable of it.
On his blog, The Audacity of Despair, David Simon recounts his recent impromptu sit-down with Governor Martin O’Malley aboard the Acela. “As the train neared Baltimore, the governor suggested that perhaps we both suffered from Irish — or as I know the joke, Jewish — Alzheimers. As he explained, ‘That’s where you…’ ‘…only remember the grudges,’ I finished.”
On the 45th anniversary of the Apollo 11 landing, Phil Plait wonders what the hell happened to the Dream of Space in America. “Venturing into space is not just something we can do. It’s something we must do.”
And here’s your counterpoint: Creationist Ken Buck argues that space exploration is a boondoggle because aliens are going to Hell anyway. “Ham argued that ‘secularists are desperate to find life in outer space’ as a part of their ‘rebellion against God in a desperate attempt to supposedly prove evolution.'”
Erm, yeah. I would hope the John Olver rule is in effect if and when this fellow is inevitably queried about his views on television, against Bill Nye or Neil DeGrasse Tyson or somesuch.
“As for Clinton, well, it’s not entirely her fault, I guess — unlike Obama, she’s been with us for a decade and a half now, and is nothing if not a known quantity. But she came across to me as the same cautious, methodical, triangulating centrist she’s shown herself to be over the past fifteen years in public life, and it’s getting harder to imagine myself being anything but underwhelmed by her as a candidate in the general election.”
Of course, the 2008 primaries thereafter grew quite heated, and, suffice to say, I didn’t think HRC accorded herself very well. So instead of the cautious, methodical, triangulating centrist we knew, I and millions of others took a gamble on Hope and Change…and ended up with a cautious, methodical, triangulating centrist regardless.
So here we are six years later, with an American electorate that has moved demonstrably to the left, and the former Secretary of State and presumptive Democratic nominee just held her first almost-a-candidate townhall on CNN. And what have we learned so far about the all-new, tanned, rested, and ready, 2016 iteration of Hillary Clinton?
1) She thinks Edward Snowden pals around with terrorists. “I think turning over a lot of that material—intentionally or unintentionally—drained, gave all kinds of information, not only to big countries, but to networks and terrorist groups and the like. So I have a hard time thinking that somebody who is a champion of privacy and liberty has taken refuge in Russia, under Putin’s authority.”
2) Her favorite book is…the Bible. “[T]he Bible was and remains the biggest influence on my thinking. I was raised reading it, memorizing passages from it and being guided by it. I still find it a source of wisdom, comfort and encouragement.” Edgy!
3) She won’t take a position on Keystone. “‘I can’t respond,’ she said…’This particular decision is a very difficult one because there are so many factors at play.'”
4) She was actually against the Iraq War last time around, but just couldn’t come out and say it because she supports the troops. “[I]n fact, in the Democratic Party at that time, the smart political decision, as so many of my colleagues did, was to come out and say ‘Terrible mistake, shouldn’t have done it,’ and you know blame the Bush administration. I had this sense that I had voted for it, and we had all these young men and women over there, and it was a terrible battle environment…So I felt like I couldn’t break faith with them.”
5) By the way, those troops should still be in Iraq right now. “When — President Bush decided, before President Obama became president, that we would leave Iraq in 2011, the United States would end its combat mission, unless the Iraqi government agreed to ask us to stay, under the same conditions that we have all around the world. It’s called a status of forces ingredient. I was involved in a lot of the efforts to come up with what our offer would be. And we made such an offer to then Prime Minister Maliki. And he would not accept the status of forces agreement…[W]e knew Iraq would be quite dangerous for a long time, unpredictable, at the very least — you have to have the host government, in this case Iraq, say, OK, here’s what we want…We didn’t get that done. And I think, in retrospect, that was a mistake by the Iraqi government.”
6) She won’t come right out and endorse paid maternity leave in America. “I think, eventually, it should be, but, right now, we’re seeing some — some very good proposals being implemented in other parts of the country, so that we have answers…I don’t think, politically, we could get it now.” By the way, you know who else doesn’t have paid maternity leave? Lesotho, Papua New Guinea, and Swaziland. That’s it.
7) She won’t come right out and say racism may be a factor in anti-Obama sentiment. “Well, I know that — I don’t want to — I don’t want to say that I verify that, because that would be generalizing too broadly. I believe that there are people who have trouble with ethnicity, with race, with gender, with sexual orientation, you name it. And therefore, they are not developing a reasoned opinion — even if it’s an opinion in opposition, but they are a reacting on a visceral stereotypical basis. And that’s unfortunate.” YES, Madam Secretary. The answer here is “YES.”
8) Her family is apparently shielding wealth from the estate tax, a tax both she and the former President support. A common move among 1%’ers, but nonetheless one that doesn’t inspire confidence.
And so on. Secretary Clinton has moved left on immigration (though she wouldn’t badmouth Obama’s draconian deportation policy), on marijuana (though she said medicinal marijuana “needs more research” and gave the “let the states lead the way” hedge on decriminalization), and on gay marriage (she came out in support…last year.) In all of these, she’s lagging behind the country as a whole, much less the Democratic Party.
TL;DR: Secretary Clinton is still, indisputably, the same cautious, methodical, triangulating centrist as ever. And yet, for some reason — even though it’s hard to think of a single solitary stance she’s taken that would move our party in a new and progressive direction — she’s not only the party of the left’s presumptive standard-bearer — For all intent and purposes, she’s running unchallenged!
Politics these days is depressing, and no mistake.
Examining the various reasons for Eric Cantor’s unexpected fall last Tuesday — like many, I spent the evening mainlining the sweet, sweet schadenfreude via Twitter — DKos’s David Jarman argues it all comes down to hubris. “The climb through the ranks through treachery and intimidation, and then the sudden realization when you’re at the top that you’ve burned through all your allies, is almost allegorical.”
For my part, I’d argue the primary reason for Cantor’s petard-hoisting was best explained back in 2007 by August J. Pollak (which I also posted in 2010.) Play with matches, eventually you’ll get burned.
A late addition to this recent and well-deserved pile-on: Friend and fellow congressional staffer Matt Stoller writes in Vice on Geithner’s Stress Test and the “Con-Artist Wing of the Democratic Party.” “The task of reclaiming democratic power will involve making work at Geithner’s Treasury a black mark on a resume, an embarrassment and a shameful episode…Americans are not stupid, and they saw what Geithner, as the head economic official in a Democratic administration, did.”
In a long, deeply-researched, and very worthwhile essay, Ta-Nahesi Coates surveys the sweep of American history to make the case for reparations — “by which I mean the full acceptance of our collective biography and its consequences”. “Liberals today mostly view racism not as an active, distinct evil but as a relative of white poverty and inequality. They ignore the long tradition of this country actively punishing black success — and the elevation of that punishment, in the mid-20th century, to federal policy.”
Coates’ historical case here — ranging from 1619 to the present day and resting on works by Edmund Morgan, Eric Foner, Ira Katznelson, and others (he even gets in the oft-forgotten Tulsa riots) — is air-tight and undeniable. At the very least, we could all stop pretending that four centuries of shameful discrimination and brutality didn’t happen, and acknowledge that, as Coates points out, it remains manifest in everything from our housing policies to the wealth gap to our absurd incarceration rates.
Along those lines, granted this may be changing soon, but it remains ridiculous that we have a very powerful Holocaust Museum on the Mall, but no equivalent museum or memorial about our own national original sin, slavery. The Holocaust Museum is very appropriate for DC: It is an unforgettable reminder of the systematized depravities that even supposedly civilized societies can commit. But we need to start considering the beam in our eye more seriously as well.
This piece also dovetails nicely with one of my favorite Cornel West quotes: “To understand your country, you must love it. To love it, you must, in a sense, accept it. To accept it as how it is, however is to betray it. To accept your country without betraying it, you must love it for that in it which shows what it might become. America — this monument to the genius of ordinary men and women, this place where hope becomes capacity, this long, halting turn of the no into the yes, needs citizens who love it enough to reimagine and remake it.”
Upon the release of the abovementioned report, the WP’s Emily Badger gives a concise overview of our country’s unhealthy addiction to incarceration (white collar criminals notwithstanding, of course.) “The ‘war on drugs’…also ensured that drug crimes received more attention from police and harsher punishment in courtrooms…As a result, between 1980 and 2010, the incarceration rate for drug crimes increased tenfold.”
In the wake of Tim Geithner’s new rehab book tour — currently being aided and abetted by Wall Street’s usual court stenographer, Andrew Ross Sorkin — Dave Dayen says not so fast. “I don’t have to just focus on housing; this is indicative of Geithner’s worldview, which sees protecting the financial system at all costs as the only thing that matters.”
Yves Smith has also ably eviscerated Geithner’s game of “Three Card Monte”: “The entire edifice of the piece is a sleight of hand…The focus on TARP (and to a lesser degree, Lehman) allows Sorkin to omit mention of actions that were clearly Geithner’s doing…The bigger point, which is not lost on the public, was there were plenty of other options for saving the system. The one chosen, that left the banks largely unreformed and no one of any consequence punished, was clearly just about the worst of the available options, unless, of course, you are, like Geithner, a banker.”
And here’re economics and finance professors Atif Mian and Amir Sufi: “Whatever reasons he had for opposing assistance to underwater homeowners, a careful evaluation of the policy effects was not among them. The evidence is pretty clear: an aggressive bold attack on household debt would have significantly reduced the horrible impact of the Great Recession on Americans. The fact that Secretary Geithner and the Obama administration did not push for debt write-downs more aggressively remains the biggest policy mistake of the Great Recession.”
Noam Scheiber has his say in TNR: “[The article] inadvertently highlights something deeper about Geithner, which is the shocking extent to which he’s accepted financialization of the economy as a benign, even admirable, development. The people who spend their days shuffling trillions of dollars around the globe are really just like you and me, except with nicer offices. They deserve the same sympathy and respect, notwithstanding their abysmal track record. That blinkered view colors pretty much every one of Geithner’s utterances as he makes the rounds hawking books.”
Also of note: Geithner doesn’t seem to understand how Social Security works, and, in classic #ThisTown fashion, he — the Secretary of the Treasury! — just parrots the same ignorant Beltway line about zomg out-of-control entitlements as all Very Serious People™ do. To wit, from Geithner’s book:
“I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer [a senior advisor to the Obama White House] wanted me to say Social Security didn’t contribute to the deficit. It wasn’t a main driver of our future deficits, but it did contribute. Pfeiffer said the line was a ‘dog whistle’ to the left…code to the Democratic base, signaling that we intended to protect Social Security.”
And here’s the LA Times’ Michael Hiltzik: “But let’s get to the nub. Does Social Security ‘contribute to the deficit’? The answer is, bluntly, no. By law, it can’t contribute to the federal deficit, because Social Security isn’t allowed to spend more than it takes in. Those who claim — as Geithner has at one point or another — both that the program contributes to the deficit yet will be forced to reduce benefits to retirees once its trust fund is depleted are trying to have things both ways: The reasoning behind the threat of reduced benefits is that Social Security can’t engage in spending money it doesn’t have, i.e., deficit spending. Pick one, fellas. If it can contribute to the deficit, then there’s no reason to cut benefits.”
So is there’s anything positive about Geithner’s rewriting of history here? Well, the Sorkin piece does include this telling anecdote: “At another point, [Geithner] cheerfully relayed a story that also appears in his book about the time he sought advice from Bill Clinton on how to pursue a more populist strategy: ‘You could take Lloyd Blankfein into a dark alley,’ Clinton said, ‘and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.'”
Could somebody please tell me again why I should be excited about Hillary 2016?
Update: Sheila Bair offers her take. “On his book tour, to explain the need for bailouts, Tim has used a clever analogy of a pilot trying to land a plane that is on fire and in the back, sit the terrorists who started it. He argues that the pilot can’t leave the cockpit to put them in handcuffs. He first has to land the plane. The problem with this analogy is that the plane landed at the end of 2008. And let’s face it, instead of handcuffing the terrorists, we escorted them to the executive lounge.”