If you’re looking for a job right now, your prospects are terrible. There are six times as many Americans seeking work as there are job openings, and the average duration of unemployment — the time the average job-seeker has spent looking for work — is more than six months, the highest level since the 1930s.
You might think, then, that doing something about the employment situation would be a top policy priority. But now that total financial collapse has been averted, all the urgency seems to have vanished from policy discussion, replaced by a strange passivity. There’s a pervasive sense in Washington that nothing more can or should be done, that we should just wait for the economic recovery to trickle down to workers.
This is wrong and unacceptable.
’Politics’ category
Unemployment Trickle Down
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Going Rogue
The most unbelievable thing about Going Rogue, by the author-function “Sarah Palin,” is that it’s supposed to be self-serving. The problem a self-serving narrative about Sarah Palin confronts is that it’s about Sarah Palin, whose entire life, it appears, consists of worse and worse attempts to create self-serving narratives explaining away bigger and bigger fuck-ups. Going Rogue’s burden is that it must claim to be the definitive, encyclopedic explanation, the final excuse, for a long history of failure begat by failure; it’s an epic of failure, if you will, and if the goal here is some kind of ultimate vindication, well, it is monumentally unsuccessful. Going Rogue is, at bottom, the story of every one of Sarah Palin’s projects ending in grotesque catastrophe; it is only self-serving in the sense that these catastrophes either prove benign or turn out to be some other schlub’s fault.
Whiskey Fire: Return After Reading
On one hand, I wish Sarah Palin went away and I never had to hear about her again (and again and again), but on the other hand, I think her getting the Repub nomination in 2012 would be great because (given the way the economy is going for the average Joe [not the Plumber]) it’s most likely the only way Obama will be re-elected.
Regardless, love this review of Going Rogue.
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The Goldman Sachs Punch Line
And here’s the real punch line. After playing an intimate role in four historic bubble catastrophes, after helping $5 trillion in wealth disappear from the NASDAQ, after pawning off thousands of toxic mortgages on pensioners and cities, after helping to drive the price of gas up to $4 a gallon and to push 100 million people around the world into hunger, after securing tens of billions of taxpayer dollars through a series of bailouts overseen by its former CEO, what did Goldman Sachs give back to the people of the United States in 2008?
Fourteen million dollars.
That is what the firm paid in taxes in 2008, an effective tax rate of exactly one, read it, one percent. The bank paid out $10 billion in compensation and benefits that same year and made a profit of more than $2 billion — yet it paid the Treasury less than a third of what it forked over to CEO Lloyd Blankfein, who made $42.9 million last year.
How is this possible? According to Goldman’s annual report, the low taxes are due in large part to changes in the bank’s “geographic earnings mix.” In other words, the bank moved its money around so that most of its earnings took place in foreign countries with low tax rates. Thanks to our completely fucked corporate tax system, companies like Goldman can ship their revenues offshore and defer taxes on those revenues indefinitely, even while they claim deductions upfront on that same untaxed income. This is why any corporation with an at least occasionally sober accountant can usually find a way to zero out its taxes. A GAO report, in fact, found that between 1998 and 2005, roughly two thirds of all corporations operating in the U.S. paid no taxes at all.
The Great American Bubble Machine : Rolling Stone
An awesome article from Matt Taibbi on how Goldman Sachs has continually fucked over America, due in large part to the unprecedented power the firm yields in our government. A must read.
Socialism got your worried? Fuck that… this is what’s destroying America.
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You have to be kidding? Now they are attacking education.
So the latest meme in wingnut-ville is Obama’s stay-in-school speech = indoctrination = Hitler’s youth = what ever other negative imagery they can heap upon the Obama administration’s actions. Seriously, wtf?
According to Media Matters, Secretary of Education Arne Duncan sent a letter to schools on August 26th that described the focus of Obama’s upcoming September 8th speech to kids on education as “the importance of education and persisting and succeeding in school.” Sounds docile enough, right? I mean, pretty much every adult and family member tells kids the same exact thing during the school years!
But, if you expected no one to pick up on this mundane sounding speech, you’d be wrong. No such thing as rational thought from the likes of Glenn Beck, Michelle Malkin, and other conservative commentators.
Tags: crazies, education, obama, wingnuts
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RNC seeking young, male GWH
So, it looks like the Republicans are really looking to destroy themselves as a national party:
“Republicans are struggling right now to find the great white hope,” said Lynn Jenkins (R-KS) at a town hall. “I suggest to any of you who are concerned about that, who are Republican, there are some great young Republican minds in Washington.”
She went on to name Rep. Eric Cantor (R-VA), Rep. Kevin McCarthy (R-CA), and Rep. Paul Ryan (R-WI) — all white males.
Tags: fail, great white hope, republicans
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Newt and the Hypocrites
Great band name, huh? It should probably be Newt and the Lying Hypocrites, but that is beside the point.
On a serious note, the latest health care lie pushed by the republicans is “Obama is going to kill your grandma.” Classic shock and awe, baby. It has ignited outrage, protests, and many viral forwarded emails. (Has anyone received a mass forwarded political email that’s actually true? I haven’t.)
Too bad it’s not true. (Despite being continuously pushed, to this day, by the likes of Glenn Beck, Sarah Palin, Newt Gingrich, the teabaggers, and various repub congresspeople.) And too bad the republican leadership (read Newt Gingrich) were for it, before they were against it.
In comes a great post from Matt Taibbi on True/Slant titled, Newt Gingrich Changes What’s Left of his Mind on End-of-life Care.
So, a few months ago someone wrote this in the Washington Post:
More than 20 percent of all Medicare spending occurs in the last two months of life. Gundersen Lutheran Health System in La Crosse, Wisconsin has developed a successful end-of-life, best practice that combines: 1) community-wide advance care planning, where 90 percent of patients have advance directives; 2) hospice and palliative care; and 3) coordination of services through an electronic medical record. The Gundersen approach empowers patients and families to control and direct their care. The Dartmouth Health Atlas has documented that Gundersen delivers care at a 30 percent lower rate than the national average ($18,359 versus $25,860). If Gundersen’s approach was used to care for the approximately 4.5 million Medicare beneficiaries who die every year, Medicare could save more than $33 billion a year.
via Health Care Rx: Across the Country, Some Systems Are Getting It Right – Newt Gingrich.
Yup, Newt Gingrich. So Newt loves him some advanced care directives! Would save Medicare more than $33 billion per year. Sounds good, right? So good, we should include it in the health care reform bill.
Except that is the portion of the health care bill the baggers are flipping out about. Kill Grandma! Obama loves Euthanasia! Government Death Panels! So, Newt must be trying to set them straight, right? Nope. He’s against it, now.
Newt defending Palin’s crusade against Death Panels:
STEPHANOPOLOUS: The only thing that’s in the bill is that Medicare would pay for what they say is voluntary counseling on end-of-life issues.
GINGRICH: I think people are very concerned when you start talking about cost-controls… you’re asking us to trust the government. Now I’m not talking about the Obama administration, I’m talking about the government. You’re asking us to believe that the government is to be trusted. We know people who’ve said routinely, well, you’re going to have to make decisions. You’re going to have to decide. Communal stadards, historically, is a very dangerous concept.
STEPHANOPOLOUS: It’s not in the bill.
GINGRICH: (stammering) B-but, the bill’s… a thousand pages of setting up mechanisms. It sets up 45 different agencies. It has all sorts of panels. You’re asking us to trust the government when there clearly are people in America who believe in establishing euthanasia, including selective standards.
Yeah, you go Newt. Say it like you really mean it! Matt nails it at the end of his post:
Amazing. I mean, talk about being full of shit. This is as clear a case as you will ever find of a politician just getting up on television and just flat-out dogging it, saying something without even the faintest shred of belief, just as a means to an end. What an asshole!
The sad thing is, while health care is obviously in need of reform, the teabaggers/birthers/fringe lunatics that are out at town halls screaming their heads off (and getting all of that news coverage) don’t want ANY bill to pass. Their goal is to make sure no bill passes — anything else and they fail.
It’s ridiculous really, that anything the neocons are against they cue up the script: distort/lie about the issue (the more dramatic and shocking the better), scream until they are heard, the media feels like they need to provide a soapbox to this fringe group (all sides need equal time, of course!), and the story spreads. It always seems to work. They may have really bad ideas (when they do have ideas, other than ‘No! We don’t want that.’) and nutcases (Palin, Beck, Limbaugh, Steele, Santorum, etc. etc.) for spokespeople, but they are good marketers. They know how to work the system.
Tags: healthcare, hypocrites, liars, newt gingrich, Politics, republicans
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Birthers? Nutcases, more like…
Wow. So this is the Birthers’ leader Orly Taitz coming off as a complete wacko after she released an obviously forged Obama Kenyan birth certificate. Good luck with that Birthers. Maybe it’s time to pick up another wacky conspiracy theory? I heard the “Obama is a Muslim” theory is getting lonely.
Visit msnbc.com for Breaking News, World News, and News about the Economy
Tags: birth certificate, birthers, msnbc, obama, Orly Taitz, wackos
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Sarah Palin’s Resignation Speech by Shatner
The mockery of Palin’s resignation speech continues, as William Shatner took a beat poet slant on the speech last night on the Tonight Show. Yesterday I posted a link to Vanity Fair’s copy edited version of the Palin speech, which was very colorful.
Too funny, although Conan was right — the speech was meant to be poetry. Shatner killed it:
Tags: palin, resignation speech, shatner, she has to be kidding right?, video
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I knew he was nuts…
I went to the movie this weekend with a gun. And surprise, surprise, I didn’t kill anybody!
During a Fox News “discussion” on the recently defeated amendment that would have allowed individuals with concealed carry gun permits to carry firearms into another state.
Tags: crazies, glenn beck, nuts, Quotes, wingnuts
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On French Healthcare
Came across this article today:
My whopping $32 emergency room visit in the land of socialized medicine
AmericaBlog covers his recent visit to a French emergency room for emergency retinal surgery. How much do you think the final bill came to? Wrong! $32 for the emergency room visit, $140 for the surgery. $172 total.
But, wait the French are pansies and socialists and have horrible health care with long waits and {insert every other European/nationalized healthcare slur}… but they don’t. The French have probably the best healthcare system in the world. (more here.)
The fact is (from Krugman, linked above), our “amenable mortality” rate (deaths from certain causes before age 75 that are potentially preventable with timely and effective health care) is way higher than places like France and Canada and Sweden and the UK. All places that have nationalized healthcare.
I’m not sure what the big deal is… we’re the only industrialized country in the world that doesn’t give citizens healthcare. And don’t give me that ‘freedom’ crap. Most of us don’t get to choose anything beyond picking a doctor out of a book provided by the HMO or health insurance company your place of employment selects for you… that, and you are free to go bankrupt when disaster strikes, leaving you with piles of unpaid medical bills.
Anyway, read the story linked above. His experience sounded pretty darn good to me. My only recent emergency room experience was for a severely sprained ankle that I spent 4+ hours in the emergency room waiting for them to x-ray and wrap my ankle (while hordes of doctors/nurses stood around in a room talking.) Luckily I only had a $100 co-pay, but if not the x-rays, bandage and visit would have cost me well over $500.
Viva la nationalized healthcare!
Tags: emergency room, france, healthcare, nationalized
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