Tag: TMC Politics

Cross posted from The Stars Hollow Gazette

I didn’t think digging holes and mobilizing communities to protect or restore the trees, forests, watersheds, soil, or habitats for wildlife that surrounded them was spiritual work.

During my more than three decades as an environmentalist and campaigner for democratic rights, people have often asked me whether spirituality, different religious traditions, and the Bible in particular had inspired me, and influenced my activism and the work of the Green Belt Movement (GBM). Did I conceive conservation of the environment and empowerment of ordinary people as a kind of religious vocation? Were there spiritual lessons to be learned and applied to their own environmental efforts, or in their lives as a whole?

When I began this work in 1977, I wasn’t motivated by my faith or by religion in general. Instead, I was thinking literally and practically about solving problems on the ground. I wanted to help rural populations, especially women, with the basic needs they described to me during seminars and workshops. They said that they needed clean drinking water, adequate and nutritious food, income, and energy for cooking and heating. So, when I was asked these questions during the early days, I’d answer that I didn’t think digging holes and mobilizing communities to protect or restore the trees, forests, watersheds, soil, or habitats for wildlife that surrounded them was spiritual work.

“Find out why a “peck” of Republicans comprised of Sen. Jim DeMint, Sen. John Cornyn of Texas, Rep. Tim Huelskamp of Kansas, Rep. Dave Camp of Michigan and conservative columnist John Feehery is WORSE; FOX News’ Bill O’Reilly is WORSER; and Pam Olsen, Rick Perry’s new Florida campaign co-chair, is the WORST PERSON IN THE WORLD for September 23, 2011.

Cross posted from The Stars Hollow Gazette

If you wait long enough, they will come but not necessarily to join you.

Glenn Greenwald Tweets the media hypocrisy

The corrupting effects of journalistic “objectivity” and Occupy Wall Street: http://is.gd/QuxYmY Paging @jayrosen_nyu

America’s future rallies near Wall Street- Lend them an ear!

t’s hard to walk in lower Manhattan without noticing a dense police presence. At first a passerby is likely to think that the NYPD is there to protect the 9-11 Memorial, but soon they’ll realize that it’s something else. There’s a protest happening nearby.

A few blocks away  there are about 1000 young people assembled- they’re playing instruments, dancing happily and carrying signs that say things like The American Dream is a Pyramid Scheme, Stop Wall Street Greed, Americans Against Bankster Parasites and so on…

“We’re peacefully protesting economic injustice,” says seventeen year old Lucas Vazquez, “We don’t believe that politicians from either party are going to make things better for us.”

The “we” he’s referring to is a movement that goes by names like “General Assembly” and  “Occupy Wall Street”.  Vazquez says its aim is to create a participatory democracy.

Should Blacks Answer Obama’s Call To March By Joining ‘Occupy Wall Street’?

N A ROUSING SPEECH delivered at the 41st Congressional Black Caucus Foundation’s Annual Legislative Conference, President Obama urged African Americans to keep the faith as African Americans struggle against a 17 percent unemployment rate and 40 percent poverty rate for their children.

snip

Obama said he was “going to press on for the sake of all those families who are struggling right now… [but] I expect all of you to march with me and press on. Take off your bedroom slippers, put on your marching shoes. Shake it off. Stop complaining, stop grumbling, stop crying. We are going to press on.”

As it happens the most potent protest to occur in recent decades is occurring at this moment in New York where ‘Occupy Wall Street’ is calling attention to the U.S.’s “corporate greed and corrupt politics.” Eighty protesters were arrested Saturday.

‘Occupy Wall Street’ Protesters Regroup at Liberty Plaza With Pizza, Tales of Battle

The Observer arrived at Liberty Plaza-the site of the camps, kitchen and “media tent” holding up the backend of the “Occupy Wall Street” protest that has been going for six days-just after 3:30 p.m.

Today’s march, which started on Wall St. and headed up to Washington Square Park and then to Union Square-was winding its way back, having lost a few dozen good men to police custody, a.k.a. an out-of-service MTA bus. A protester, Josh Lewis, is tweeting from zipties on the bus, which he reports made its way eventually to 1 Police Plaza.

If you can’t be there in person: DONATE

Cross posted from The Stars Hollow Gazette

The silence of the traditional media on the Wall St. protest that has been going on for a week is deafening. As Keith Olbermann and Michael Moore point out of this were the Tea Party, it would be all over TV and the papers. Last, Mr. Moore expresses his outrage of over the murder of Troy Davis by the State of Georgia and his support of the Innocence Project and Get Out the Vote in Georgia.

Cross posted from The Stars Hollow Gazette

There have been a couple of new developments in the foreclosure fraud investigation that was initiated by New York State Attorney General Eric Schneiderman. The coalition of state AG’s who want a real criminal investigation and oppose the 50 state settlement proposal of Iowa AG Tom Miller has grown by one with Kentucky’s AG Jack Conway adding name. From David Dayen at FireDogLake:

The latest AG to stand with Schneiderman and against the attempts to whitewash the fraud of the big banks is Kentucky AG Jack Conway. He is up for re-election this year, and is known nationally by virtue of his unsuccessful challenge to Rand Paul for Senate in 2010. Conway, in conjunction with the Progressive Change Campaign Committee, sent an email to supporters aligning himself with Schneiderman.

   The same Wall Street banks whose irresponsible actions led to our nation’s economic collapse are now pressuring all 50 states to give them legal immunity. The banks want to block any criminal or civil accountability for actions that have yet to be investigated.

   Attorneys General from Delaware, Minnesota, Nevada and New York have been fighting back. Today, I want to make a clear statement in support of Wall Street accountability and against immunity for banks – and I ask you to join me on this statement:

   “Today’s economic crisis was caused by Wall Street acting improperly. Every American has paid the price – with families losing their homes, investors losing their money, and many Americans losing their jobs. There should be absolutely no criminal or civil immunity given to banks for activity that has not yet been investigated.”

Several things are important here. Kentucky didn’t really have a big housing bubble – Conway is supporting this on principle, rather than in service to a wide swath of dispossessed and struggling borrowers who are victims of fraud. Second, he writes this in the context of an election which has tightened up minimally. So he obviously finds this to be a winning issue on the campaign trail. Third, it would be tempting to just ignore a proposed settlement that isn’t going to happen. Conway sees political advantage in stamping on this process, which is already flailing.

In another development in Nevada, an attorney has filed criminal charges against Wells Fargo accusing the bank of forging loan documents:

In court papers filed this month in Clark County District Court, attorney Dave Crosby alleged bank employees committed forgery and fraud in making a $350,000 loan to a father of four who was unemployed at the time.

“They forged signatures, they backdated documents,” Crosby said. “We’ve got them cold.”

Crosby said the bank has presented two deeds of trust for the same property. One bears the signature of Olivia A. Todd, who on Jan. 27, 2010, was identified as an assistant secretary with MERS, Inc., a mortgage servicer from the Phoenix area and a co-defendant in the lawsuit.

But on Feb. 16, 2010, Todd’s signature appears on a second deed of trust, where she is identified as the firm’s president. Both assignments were notarized as authentic, Crosby said in court papers.

Crosby made his allegations in a request to have a judge review three failed mediations between him and his clients, Ryan and Mical Henderson of Las Vegas, and lawyers with Wells Fargo, formerly Wells Fargo Home Mortgage.

Buried deep in the story was this interesting note:

Nevada Attorney General Catherine Cortez Masto is expected to file criminal charges against bank and title company employees, as well as notary publics, over allegations of robo signing.

The paltry deal of $20 billion by AG Miller that would let the banks off the hook for most civil and criminal liability seems hardly adequate when you really examine the scope of the fraud nation wide.  

Cross posted from The Stars Hollow Gazette

From Greg Sargent @ The Washington Post

   Republicans are planning to paint Warren as a liberal Harvard elitist – they’re already referring to her as “Professor Warren” – because they believe that she will have trouble winning over the kind of blue collar whites from places like South Boston that helped power Scott Brown’s upset victory.

   But as this video shows, Warren is very good at making the case for progressive economics in simple, down-to-earth terms. Despite her professorial background, she sounds like she’s telling a story. She came across as unapologetic and authorative, without a hint of the sort of defensiveness you hear so often from other Democrats when they talk about issues involving taxation and economic fairness. This is exactly what national Dems like about Warren.

Transcript via rumproast:

   I hear all this, you know, “Well, this is class warfare, this is whatever.”-No!

   There is nobody in this country who got rich on his own. Nobody.

   You built a factory out there-good for you! But I want to be clear.

   You moved your goods to market on the roads the rest of us paid for.

   You hired workers the rest of us paid to educate.

   You were safe in your factory because of police forces and fire forces that the rest of us paid for.

   You didn’t have to worry that maurauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.

   Now look, you built a factory and it turned into something terrific, or a great idea-God bless. Keep a big hunk of it.

   But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.

Cross posted from The Stars Hollow Gazette

In his speech Monday, President Barrack Obama actually started to sound like a president. His threat to veto any deficit cutting legislation that did not include revenue producing tax increases was praised by everyone left of Attila the Hun as “progressive”. It gave these critics some kind of new “hope” that Obama had finally drawn a line in the sand with the “my way or the highway” tea party Republicans.

Really? Were any of them listening to what he did say? What did most everyone from Michael Moore on Rachel Maddow’s show to Markos Moulitsas and Move-On.org miss? Anyone with half a functioning brain can see that what Obama offered was just more of the same insanity, piled higher and deeper that and was being covered with his new found veto power.

What should have caught their attention was what Jon Walker at FireDogLake pointed out:

In fact,  in his only veto threat Obama made it clear he would accept Medicare benefit cuts if they were accompanied by new tax revenue from the rich by saying, “I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans and biggest corporations to pay their fair share.” That “but” is a very important clause that means there are scenarios in which Obama would sign a bill that significantly cuts Medicare benefits.

Hello? Did anyone besides a very few of us on the left not hear this?

Obama’s communications director, Dan Pfeiffer said, “we are entering a new phase.” And just what “phase” would that be? “Chief Negotiator” to “Chief Hostage Taker” to get his right wing Republican agenda past this extremist congress?

Obama is now using the social safety network that protects our most vulnerable citizens to con the electorate that he has changed and to reelect him.

What bilge.

Cross posted from The Stars Hollow Gazette

Yes, the Republicans are partly correct in saying that the President’s newest proposal to increase revenues by adjusting the tax rates on top earners to make sure they pay their fair share is class warfare:

WASHINGTON –  Republicans on Sunday decried the notion of a new minimum tax rate for millionaires as “class warfare,” saying the proposal by President Obama may be intended to portray Congressional Republicans who resist it as being callously indifferent to the hardships facing many Americans.

They just have the wrong class on whom that war has been declared:

WASHINGTON – President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials.

With a special joint Congressional committee starting work to reach a bipartisan budget deal by late November, the proposal adds a new and populist feature to Mr. Obama’s effort to raise the political pressure on Republicans to agree to higher revenues from the wealthy in return for Democrats’ support of future cuts from Medicare and Medicaid.

Mr. Obama, in a bit of political salesmanship, will call his proposal the “Buffett Rule,” in a reference to Warren E. Buffett, the billionaire investor who has complained repeatedly that the richest Americans generally pay a smaller share of their income in federal taxes than do middle-income workers, because investment gains are taxed at a lower rate than wages.

Mr. Obama will not specify a rate or other details, and it is unclear how much revenue his plan would raise. But his idea of a millionaires’ minimum tax will be prominent in the broad plan for long-term deficit reduction that he will outline at the White House on Monday.

Sure, Obama may look like he’s being more “confrontational” with Republicans but the reality is he is still selling out the most vulnerable of our citizens.

Cross posted from The Stars Hollow Gazette

Paul Krugman: Free To Die

Back in 1980, just as America was making its political turn to the right, Milton Friedman lent his voice to the change with the famous TV series “Free to Choose.” In episode after episode, the genial economist identified laissez-faire economics with personal choice and empowerment, an upbeat vision that would be echoed and amplified by Ronald Reagan.

But that was then. Today, “free to choose” has become “free to die.”

I’m referring, as you might guess, to what happened during Monday’s G.O.P. presidential debate. CNN’s Wolf Blitzer asked Representative Ron Paul what we should do if a 30-year-old man who chose not to purchase health insurance suddenly found himself in need of six months of intensive care. Mr. Paul replied, “That’s what freedom is all about – taking your own risks.” Mr. Blitzer pressed him again, asking whether “society should just let him die.”

And the crowd erupted with cheers and shouts of “Yeah!

Susan Grigsby’s brother Steve died a painful death fighting for care as an uninsured American. Susan watched, horrified, as the GOP Presidential Candidates on CNN’s Tea Party Debate stood silent when the the audience cheered for the idea that we as a society should just let an uninsured man die. Now Susan wants an answer from each and every GOP candidate.

Cross posted from The Stars Hollow Gazette

To join the Tea Party. Nomura economist Richard Koo gives decent marks to Obama’s jobs plan,:

Arguing need for longer-term fiscal consolidation is irresponsible

The insistence that fiscal consolidation is necessary in the longer term is like the doctor who, faced with a patient who has just been admitted to the intensive care ward, repeatedly questions the patient about his ability to afford the treatment. This is both lacking in decency and irresponsible.

If the patient loses heart after learning the cost of the treatment, he may end up spending even longer in the hospital, leading to a larger final bill. Completely ignoring the policy duration effect of fiscal policy and constantly insisting on longer-term fiscal consolidation was what prolonged Japan’s recession.

For instance, it was because Japan’s policymakers refused to give up the medium-term fiscal consolidation target of achieving a primary fiscal balance by 2011 that the government stumbled from fiscal stimulus to fiscal retrenchment and back again and, ultimately, was unable to meet its fiscal targets even once in the last 20 years.

That is why Japan’s recession lasted as long as it did and why the nation’s debt has risen to some 200% of GDP.

What digby said:

With some notable exceptions, most people still believe that that there will be a hangover of debt which will have to be dealt with at some point. But the confidence fairy died some time back and the only other reason for worrying about it at this point is to get some Shock Doctrine benefits out of the current situation. But as Koo points out, this actually hurts the economy even more.

Paul Krugman eulogizes the “confidence fairy’s” death:

In the first half of last year a strange delusion swept much of the policy elite on both sides of the Atlantic – the belief that cutting spending in the face of high unemployment would actually create jobs.

Herr Professor points out that past analysis  of austerity measures by the IMF is contradictory and even worse in the current economic climate:

   The reduction in incomes from fiscal consolidations is even larger if central banks do not or cannot blunt some of the pain through a monetary policy stimulus. The fall in interest rates associated with monetary stimulus supports investment and consumption, and the concomitant depreciation of the currency boosts net exports. Ireland in 1987 and Finland and Italy in 1992 are examples of countries that undertook fiscal consolidations, but where large depreciations of the currency helped provide a boost to net exports.

   Unfortunately, these pain relievers are not easy to come by in today’s environment. In many economies, central banks can provide only a limited monetary stimulus because policy interest rates are already near zero (see “Unconventional Behavior” in this issue of F&D). Moreover, if many countries carry out fiscal austerity at the same time, the reduction in incomes in each country is likely to be greater, since not all countries can reduce the value of their currency and increase net exports at the same time.

   Simulations of the IMF’s large-scale models suggest that the reduction in incomes may be more than twice as large as that shown in Chart 2 when central banks cannot cut interest rates and when many countries are carrying out consolidations at the same time. These simulations thus suggest that fiscal consolidation is now likely to be more contractionary (that is, to reduce short-run income more) than was the case in past episodes.

Like Dr. Krugman and digby said, we’re doing it wrong.