No Better Investment.

“In a remarkable illustration of the power of lobbying in Washington, a study released last week found that a single tax break in 2004 earned companies $220 for every dollar they spent on the issue — a 22,000 percent rate of return on their investment.” A new study by three University of Kansas profs tries to quantify exactly the amount of lucre generated by the lobbyists and influence-peddlers aswarm in Washington for their employers. And the answer? A whole lot. “The paper…examined the impact of a one-time tax break approved by Congress in 2004 that allowed multinational corporations to ‘repatriate’ profits earned overseas, effectively reducing their tax rate on the money from 35 percent to 5.25 percent. More than 800 companies took advantage of the legislation, saving an estimated $100 billion in the process.” [Hattip: Tim C. and Marginal Revolution.]

Show us the Body.

“Even for the hardest-core Obama loyalists, it’s rather difficult to attribute these increasingly harsh condemnations of Obama’s civil liberties, secrecy and executive power abuses to bad motives or ignorance when they’re coming from the likes of Russ Feingold, Talking Points Memo, the Center for American Progress, Nancy Pelosi, EFF, the ACLU, The New York Times Editorial Board, Keith Olbermann, Jonathan Turley, The American Prospect, Bruce Fein, Digby, along with some of the most enthusiastic Obama supporters and a bevvy of liberal law professors and international law experts — those who were most venerated by progressives during the Bush era on questions of the Constitution and executive power.

Salon‘s Glenn Greenwald surveys the growing progressive consensus that something is rotten at Holder’s DOJ with regard to state secrets and the continuation of Bush-era policies antithetical to, if not downright contemptuous of, civil liberties. (In case you missed it here or here, I’m not happy either.) “That the Obama DOJ has repeatedly embraced the very legal theories responsible for much of the intense progressive rage towards the Bush/Cheney regime is now beyond dispute. The question of motive — of why Obama is doing this — is far less clear.

Now, obviously, the president has a lot on his plate these days, and a finite amount of political capital with which to achieve an enormous number of objectives. Still, it’s well past time that the administration explain what’s going on on the civil liberties front from start to finish, akin to Obama’s economic overview speech at Georgetown this morning. These are not piddling matters.

Fighting “Fighting the Last War.”

After Gates was confirmed as George W. Bush’s defense secretary in December 2006, he gave several speeches outlining major reforms that his successor should undertake–in weapons procurement, promotion policy, and the whole careerist culture inside the Pentagon. (With only two years in office, combined with a plateful of crises in Iraq and elsewhere, he knew he wouldn’t have time to take those steps himself.) When he stayed on at Barack Obama’s request, and thus became his own successor, many wondered whether he would turn his words into action. With this budget, he has begun to do just that.

A holdover from the bookmarks of last week: Slate‘s Fred Kaplan offers a concise overview of the proposed Obama-Gates military spending reforms. (These are not spending cuts, by the way, despite what you may have heard — just some much-needed and long-overdue reprioritizing over at the Pentagon. I also like the idea of phasing out defense contractors in favor of presumably much more cost-conscious civil servants.) “This budget will not go down easily in the Pentagon or in Congress. The F-22, the DDG-1000, and the Future Combat Systems are the favored systems by much of the Air Force, Navy, and Army brass, respectively…The F-22 in particular is also a favorite of many legislators — the result of politically shrewd subcontracting that spread out production of the plane to key districts in 46 states.

We are the World.

We are its leaders. We are the ones who make a brighter day, so let’s give a trillion. “Mr. Brown, who organized the meeting in a hangarlike conference center in London, said: ‘This is the day the world came together to fight against the global recession. Our message today is clear and certain: we believe that global problems require global solutions.’

In the meantime, Slate‘s Fred Kaplan applauds the return of real, honest-to-goodness American statecraft in London. “Vast multinational conferences, like the G20 summit…are useful mainly for the ‘bilaterals’ — the one-on-one side-room conversations — and, in these forums, President Barack Obama is living up to high expectations. Which is to say, the United States seems to be returning to diplomatic basics — a development that in the wake of the last eight years is practically revolutionary.

At the very least, the president’s diplomatic mojo seemed to work on Russian president Dmitry Medvedev. “‘Yesterday I spoke about this with my new comrade President Barack Obama,’ Medvedev told reporters travelling with him to the London summit…’I liked the talks. It is easy to talk to him. He can listen. The start of this relationship is good,’ he said, adding: ‘Today it’s a totally different situation (compared to Bush).'”

Hulk Free to Smash Again.

Mr. Holder said in a statement that ‘I have concluded that certain information should have been provided to the defense for use at trial.'” Hmmm. Why does Clay Davis come to mind? After discovering that agents at Justice and the FBI tried to frame a guilty man, as it were, Attorney General Eric Holder drops the prosecution of 85-year-old former Senator Ted Stevens. “The collapse of the Stevens case was a profound embarrassment for the Justice Department, and it raised troubling issues about the integrity of the actions of prosecutors who wield enormous power over people they investigate.” Uh, ok…but why aren’t we seeing this judicious, otherwise laudable commitment to fair play when it comes to state secrets and victims of extraordinary rendition?

At any rate, as official Washington rushes to embrace Stevens once more, let’s keep the big picture in mind: “[E]ven leaving criminal wrongdoing aside, no one disputes that Stevens accepted hundreds of thousands of dollars worth of home renovations and gifts (remember that massage chair?) from a supporter who had a slew of business interests that Stevens was in a position to affect as a powerful federal lawmaker and appropriator. That’s what we call ‘corrupt’. As Melanie Sloan of Citizens for Responsibility and Ethics in Washington put it, according to The Hill’s paraphrase: ‘Holder’s decision in no way should be viewed as a vindication of Stevens but rather as an indictment of the Justice Department’s inability to do one of its most important jobs.‘” True, that.

He can’t get no relief.

“‘Our nation finds itself in uncharted territory in the deep emptiness of space,’ Obama announced. ‘The Old Girl has limited supplies, no allies, and now, no hope. I never said this would be an easy journey. Yet I promise you this: There is a place where there is no war and no economic turmoil. It is where, according to the Sacred Scrolls handed down to us by the Lords of Kobol, the thirteenth tribe traveled over three thousand years ago. That place is called Earth. Not the other Earth. This Earth. It’s complicated. Anyway, I plan to take us there.’

Businessmen, they drink his wine: By way of my sis, word from The Onion is that President Obama has been depressed and distant ever since the BSG finale. “‘I’m a little concerned,’ first lady Michelle Obama was overheard saying at a fundraising event Tuesday. ‘When Firefly was canceled, he walked around like a zombie for a week, and Serenity was the only thing that snapped him out of it.’

Prisoners of our Own Device.

‘The commission could be the most ambitious attempt to re-examine and reform the criminal justice system since the 1960s,’ said Mark Mauer, executive director of the Sentencing Project, a nonprofit group that supports reducing incarceration rates. ‘It is a huge undertaking,’ he said.” As he promised a few months ago, Sen. Jim Webb begins the push for a bipartisan commission on prison reform. (Webb’s effort drew particular kudos from Salon‘s Glenn Greenwald this morning.)

Speaking of which, count me among the many (like Greenwald) who found Obama’s glib answer on drug decriminalization during the online town hall the other day to be too smug and snickering by half. People are spending their lives in prison for basically harmless behavior that he — and countless other tsk-tsking political elites — engaged in. That’s not really something to chuckle about.

That being said, it’s obvious that, with everything else going on, Obama has nowhere near the political capital he would need to deal with this sort of thing right now, even if he does possess the inclination. But, Webb’s proposed commission might be exactly the sort of body that could grant Obama the cover he needs to get serious about drug and prison reform. In fact, other than punting on a popular issue like social security, which prison reform emphatically isn’t, that’s pretty much the sole purpose of a bipartisan commission.

Update: In very related news, NY Gov. David Paterson announces a deal has been struck to soften NY’s draconian Rockefeller drug laws and get rid of many mandatory minimums. “‘Since 1973, New York has had the harshest drug laws in the country, and they have simply not worked,’ Paterson said Friday in a radio interview.

A Fork in the Road.

“It’s a debate that the Bush administration never seriously had in the seven years following the post-9/11 invasion. Now, by contrast, in the wake of three major strategic reviews, Obama is extending and deepening the discussion of Afghanistan, because the outcome of this debate may set the course of American foreign policy for the remainder of his presidency.” Counter-terrorism (CT) or counter-insurgency (COIN)? In Slate, Fred Kaplan discusses the major decision on Afghanistan before Obama this week.

Update: “‘We have a clear and focused goal: to disrupt, dismantle and defeat al-Qaeda in Afghanistan and Pakistan, and to prevent their return to either country in the future,’ Obama said. ‘That is the goal that must be achieved.’” The president announces our new Af-Pak strategy. Sounds like the COINS won out. Update 2: Or did they? Call it CT-plus.

Clinton: Mea Culpa, Mexico.

“‘I feel very strongly we have a co-responsibility,’ Clinton told reporters accompanying her to Mexico City a day after the Obama administration said it would send more money, technology and manpower to secure the Southwestern frontier and help Mexico battle the cartels.” During a visit to our ailing neighbor, Secretary of State Clinton admits American culpability in the exacerbating of Mexico’s drug war. “‘Our insatiable demand for illegal drugs fuels the drug trade,’ she said. ‘Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the deaths of police officers, soldiers and civilians… Clearly, what we have been doing has not worked and it is unfair for our incapacity… to be creating a situation where people are holding the Mexican government and people responsible,’ she said.’That’s not right.’

Well, cheers to Sec. Clinton for being honest about some of the causes of Mexico’s escalating drug violence. Still, in pledging tighter borders, more troops, yadda yadda yadda, she and the administration are still dancing around one of the more obvious solutions to the problem.

(State) Secrets and Lies.

“‘Any way you look at it, it’s pretty remarkable,’ said Jon B. Eisenberg, an attorney for al-Haramain. ‘This is an executive branch threat to exercise control over a judicial branch function.’” Rather than Chuck Todd and Ed Henry falling over each other with ill-thought-out, gotcha garbage that conforms to GOP talking points, here’s a question I’d like to have heard the president answer last night: What the hell is going on at the Obama Justice Department, vis a vis the state-secrets privilege? “Civil liberties advocates are accusing the Obama administration of forsaking campaign rhetoric and adopting the same expansive arguments that his predecessor used to cloak some of the most sensitive intelligence-gathering programs of the Bush White House.” That is not at all what we voted for, and it’s nigh time we got a good explanation of why Holder et al are continuing to play by the Dubya playbook.