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Summer is well and truly gone

Our lawn sculpture appears to be weeping. He also appears to have a runny nose, which I didn’t notice when I took the picture.

Friday Night Music, getting obscure

Thank God for the power of Google. Periodically it has occurred to me to put up this song, but usually when I’m away from my computer. I always liked it, but I could never remember either the title of the song or the name of the band, though the lyrics (“the world is, a bad place,… a terrible place to live….Oh, but I don’t wanna die”) have stuck with me. A great song by a group called Marmalade, who I suspected faded into oblivion right after this song dropped off the charts. Actually, according to the entry on Wikipedia they had some other hits, mostly in Great Britain, including a cover of Ob-La-Di, Ob-La-Da and there’s a video of the group from a few years ago, apparently bereft of any of the original members, lip-syncing this very song. This video is of the genuine article, so far as I can ascertain.

Now if I could only find a video of Dr West’s Medicine Show and Junk Band singing The Eggplant that ate Chicago.

Bank of America getting ready to stiff American taxpayers again

Matt Taibbi is urging Occupy Wall Street to encourage people to pull their money out of the big banks, starting with Bank of America, which has just, apparently legally, and with the encouragement of the Fed, just offloaded trillions of dollars of bad bets onto the taxpayers.

Obviously Goldman, Sachs has become the great symbol of investment banking corruption, and other companies like AIG and Countrywide have become poster children for problems with businesses like insurance and mortgage-lending. But when it comes to commercial banking, Bank of America is as bad as it gets.

The markets, of course, have lately come to agree, as B of A has lately been downgraded again to just above junk status. The only reason the bank is not rated even lower than that is that it is Too Big To Fail. The whole world knows that if Bank of America implodes – whether because of the vast number of fraud suits it faces for mortgage securitization practices, or because of the time bomb of toxic assets on its balance sheets – the U.S. government will probably step in to one degree or another and save it.

The government’s patronage of the bank was never clearer than in recent weeks, when B of A quietly decided to move trillions of dollars (trillions, not billions) in risky Merrill Lynch derivatives contracts off Merrill’s books and onto the books of the parent/retail arm, Bank of America.

This decision was done at the behest of counterparties to those transactions, who wanted those contracts placed under the aegis of Bank of America, whose deposits are insured by the FDIC. The move was made, according to reports, so that Bank of America could avoid posting $3.3 billion in collateral to satisfy the company’s creditors. In other words, Bank of America just got You the Taxpayer to co-sign as much as $53 trillion worth of dicey derivative contracts.

There is a very easy way to stop the banks from pulling this sort of stuff: reinstate Glass-Steagal. The fact that no one in power is actually talking about doing that is telling. Instead, we have the spectacle of the “Volcker rule”, which poor Volcker has disavowed. Rube Goldberg couldn’t have come up with something so complicated, and, once the lobbyists are done with it, it will be so full of holes that it will be worthless.

Only in America

This country is going certifiably insane:

Under direction from Gov. Scott Walker (R), Wisconsin’s GOP-led legislature is drawing up rules to allow the public to carry guns into the state Capitol. As the Milwaukee Journal Sentinel reports, the Assembly plans to allow guns onto the Assembly floor and into the viewing galleries and are meeting today to set the rules. Those toting guns into the galleries would still have to follow existing rules, “including one that bars the use of still cameras and video cameras.”

U.S. government to legalize lying

It’s always okay if done in the name of the security state:

The Justice Department is proposing new Freedom of Information Act rules allowing the government to inform the public that records do not exist even if they do.

The judiciary has rolled over and played dead while the government has kept its crimes secret in the name of security. This just makes it official. The rule of law is for the little people.

Just plain weird

In case you haven’t seen it. One of the most bizarre political ads ever made.

Where do these people come from? Do you ever meet them in real life? How is it that they rule the world? Block is a creature of the Kochs, by the way.

UPDATE: Colbert’s take:

Documenting the atrocities, an exercise in futility

There’s a blog out there, whose name escapes me, which had a regular feature asking that readers document the atrocities committed weekly on the Sunday talk Shows. I’ve noted before that Steve Benen spends a lot of time doing exactly that on his blog at the Washington Monthly. He does it very well, as here, where he makes the point that Mitch McConnell becomes intellectually incoherent when presented with evidence that the GOP talking points of the day are not supported by the facts.

For my own part, I have come to the sad realization that documenting the atrocities is more or less an exercise in futility. Does it get through to anyone who doesn’t already realize that we are governed by liars and thieves? Does the media, on whom these lies and distortions are regularly vomited, even care?

Contrary to Benen’s charitable view, it’s quite clear that McConnell clearly understood the question he was asked, and replied with a GOP talking point because that’s what they do, and because it always works. Here’s the exchange Benen quotes:

CROWLEY: Let me show you, because I know that Republicans have always said and continue to say that regulation is stifling business, stifling jobs growth. But there are a couple of figures out there that we found from the Bureau of Labor and Statistics, one of them is on the reasons for initial unemployment claims, this is for the first and the second quarter.

Government regulation a little over 2,000 claims for unemployment were blamed on government regulation. Insufficient demand, 55,000. The National Federation of Independent Businesses did a survey. They asked small business owners, the very people you’re talking to, what is the single most important problem, they said poor sales. Government regulation was at 18 percent, taxes was at 18 percent, poor sales, 28 percent of people said that’s what the problem is.

So are you focusing on the wrong problem?

MCCONNELL: Well, you know why people aren’t buying. They’re unemployed. I mean, the private sector is not going to get going here until the government gets its foot off the throat and lets people who know how to create jobs and grow businesses do that.

Look, Candy, all of these people are not making this up. I don’t think people who are running companies are making it up. They realize what is making it difficult for them to grow and expand.

New health care mandates, the financial, the lenders, the new Dodd-Frank bill, crawling all over everybody, not big banks but small banks, all over my state, making it more and more difficult for them to lend.

Spouting talking points didn’t in this instance, as it usually does, because Candy Crowley, being the bulldog that she is, followed up and refused to let go until she got a straight answer and exposed the many and sundry lies in McConnell’s answer.

No, I kid, this is what she really did:

CROWLEY: Let me pick up where we left off right after a quick break. We’ll be right back with you.

(COMMERCIAL BREAK)

CROWLEY: Senator, I want to move us on to some politics here. I had a discussion with Senator Joe Biden earlier in the week, and he had something to say about Republicans I want you to listen to.

So Candy picked up where she left off, by changing the subject entirely Had she actually exposed his lies, he might not have come back on the show, and she can’t have that. Not that she’s interested in real journalism anyway. She’s with the 1%, like all the other talking heads, and she’s quite comfortable letting the GOP have its way.

NPR channels Joe McCarthy

This is why I don’t get all excited when I get fundraising emails telling me that the Republicans are threatening to destroy NPR. They already have.

Friday night music

Continuing with the topical stuff, and in further tribute to the occupiers throughout the land, one song that I should have thought of earlier and one that’s not quite on point, but is close enough. Both suggested, in one way or another from things I read wandering the web. The first in an opinion piece (can’t remember where it was, so no link), which contained an allusion, the second from Hullabaloo, here, from which I’m basically stealing the video.

So far as I can see there is no Dylan version of this song on YouTube, so I chose this Springsteen version.

I don’t recall the Beatles being on the Smothers Brothers show, but apparently they were, and this appears to be live, as John adds the phrase “and in”, which I don’t believe was on the 45 version.

A Plug

Friend, reader and oft times Liberal Drinker Audrey Heard art will be exhibiting at the Tsetse Gallery in New London starting next week. My wife and I have several of Audrey’s pieces. From the looks of the poster below, it looks like Audrey has moved in a slightly different direction. We have several still lifes, but the piece below looks more abstract than anything I’ve seen before, but then, what do I know about art?

If you’re in the area, stop by.