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Candidates forum in Stonington

Scott Bates, our State Central Committee member from this District, has organized a “Meet the Candidates” event in Stonington on the 13th from 2:00 to 3:30 PM. It will be held at the Lagrua Center. In attendance will be:

Governor:

Ned Lamont
Mary Glassman
Rudy Marconi
Dan Malloy

Attorney General:

George Jepsen
Susan Bysiewicz

Secretary of State:

Denise Merrill
Jonathan Harris
James Spallone
Gerry Garcia

Nancy Wyman will be the guest speaker. I understand that Kevin Lembo may also be there. In case you hadn’t heard, he is running for Lieutenant Governor. He came to our Town Committee meeting last night and I think he impressed a lot of people. Currently, the job is worth even less than a bucket of warm piss, but it doesn’t have to be that way, and Lembo appears to have the tools to be an effective assistant to our next governor. He’ll get my vote at the convention, providing, of course, that he makes the obligatory pilgrimage to one of our Drinking Liberally meetings.


Two ways of looking at it

From an article in the New York Times today on Obama’s “summit”:

Democrats were talking openly about pushing it through Congress on a simple majority vote using a controversial parliamentary maneuver…

From a column by Floyd Norris in the New York Times today, discussing passage of the Bush tax cuts:

To make 10-year cost estimates look better, and to use a Senate rule making the measures easier to pass, those tax bills had sunset provisions…

Do I need to tell you that the “controversial parliamentary maneuver” the Democrats plan to use is the same “Senate rule making the measure easier to pass” to which Norris refers.

Now, I’m not alleging some grand conspiracy here, but these opposing glosses on the reconciliation process illustrate how well the Republicans have managed to frame this issue to a compliant press. There really is nothing controversial about reconciliation, and it is only a parliamentary maneuver in the very narrow sense that any gambit that utilizes a rule in order to get something done is a maneuver. Since when, moreover, is majority rule controversial?

The real “parliamentary maneuver” being employed in the health care debate is the filibuster, or the threat thereof, a maneuver meant to be used sparingly which is now being used by the Republicans to block nearly anything. The rarely used filibuster was, indeed, controversial when Republicans were in the majority and they decried the idea that any of their bills or nominations should be deprived of an up or down vote. Many Democrats, such as Ben Nelson, agreed with them back then, but they’ve now all changed their minds, including Nelson, and the press’s collective mind has now changed too.

It’s a topsy turvy world when the idea of majority rule is controversial, but no one bats an eye when a single senile Senator from Kentucky can hold up a vote, thereby depriving millions of people of extended unemployment benefits.


Dismal science on a dismal day

I have a soft spot (or is it a hard spot) in my heart for credit default swaps, since I actually tumbled to the threat they posed before the economic collapse they helped cause. Still, the damage they can do, and continue to do, continues to amaze me, as does the tepid response of governments world wide to the problem the pose.

Now it turns out that the Greek economic crisis is being exacerbated, if it was not caused, by these instruments.

Echoing the kind of trades that nearly toppled the American International Group, the increasingly popular insurance against the risk of a Greek default is making it harder for Athens to raise the money it needs to pay its bills, according to traders and money managers.

These contracts, known as credit-default swaps, effectively let banks and hedge funds wager on the financial equivalent of a four-alarm fire: a default by a company or, in the case of Greece, an entire country. If Greece reneges on its debts, traders who own these swaps stand to profit.

“It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house,” said Philip Gisdakis, head of credit strategy at UniCredit in Munich.

I’ll say it again. That’s why they don’t let me buy insurance on my neighbor’s house, yet for some reason the governments of the world stand passively by while “investors” buy insurance on their neighbor’s debt. But it’s actually much worse than simply having an incentive to start a fire, because in this case the speculators involved have the means to start the fire, in a perfectly legal manner, and the ability to pour gasoline on it once they get it going.

Need you ask who’s holding those matches?

As Greece’s financial condition has worsened, undermining the euro, the role of Goldman Sachs and other major banks in masking the true extent of the country’s problems has drawn criticism from European leaders. But even before that issue became apparent, a little-known company backed by Goldman, JP Morgan Chase and about a dozen other banks had created an index that enabled market players to bet on whether Greece and other European nations would go bust.

I’m not normally into conspiracy type thinking, but Goldman’s name sure does pop up a lot, doesn’t it?

The frustrating thing about this sort of thing is that the solution is fairly obvious. These kinds of contracts can exist only because they can be enforced. That means they ultimately rely on functioning legal systems. If those systems withdrew their support, they would die. In other words, they can be made illegal. It’s not possible to create a black market in these things.

Credit default swaps serve no useful purpose. They create nothing; though they seem to be good at destruction. They create a positive incentive for “investors” to destroy failing companies (such as GM, whose bailout was opposed by swap holders) and countries, such as Greece. To add insult to injury, when they bring down one of the players, such as with AIG, the government steps in to make the “investors” whole.

The question is whether this beast can be killed by the action of any single government (assuming the will). We are increasingly faced with a world in which these people are subject to no law because they reside in no nation. If they can’t swap here, they will swap there, though when disaster hits, it will cause problems everywhere. But I suppose that this is an academic question only; our government certainly lacks the will to contain these things. It’s actually a rare example of bi-partisanship. Everyone, from Obama on down, Republican and Democrat, prefers to take a pass on dealing with these and other exotic financial instruments, because the people who create them are shoveling lots of those old fashioned financial instruments called “dollars” into their campaign coffers.


New Heights of Hypocrisy

If they gave a Nobel Prize in Hypocrisy, these folks would be joint winners.

The switchers who voted no on cloture but yes today:

Lamar Alexander (R-TN)
Thad Cochran (R-MS)
James Inhofe (R-OK)
George LeMieux (R-FL)
Lisa Murkowski (R-AK)
Roger Wicker (R-MS)

And those who were absent Monday but voted yes today:

Orrin Hatch (R-UT)
Richard Burr (R-NC)

These are the folks who either actually or implicitly voted to filibuster a jobs bill for which they eventually voted. There is no intellectual justification for that sort of switch, as there would be for voting to stop a filibuster against a bill one does not support.

One must wonder whether the punditocracy that keeps urging “bipartisanship” upon the Democrats, while blaming them for gridlock for catering to their left wing base, will take note. No, one doesn’t wonder. Note will not be taken.


The Way it Works

Proving once again that liberals just can’t seem to get over the demise of the Enlightenment (I mean rational thought is so over), Steve Benen at the Washington Monthly makes the obvious point that, contrary to Beltway wisdom, it is not Obama who has failed to meet the Republicans half way:

It’s tempting to think that the “Republican Ideas” section would be the area in which the White House blasts GOP critics of reform and mocks them for not even trying to create a comprehensive reform package. Of course, the opposite is true. The headline on this page reads, “Republican Ideas Included in the President’s Proposal.”

It’s clear that the American people want health insurance reform. They aren’t interested in Democratic ideas or Republican ideas. They’re interested in the best ideas to reduce costs, guarantee choices and ensure the highest quality care. They’re interested in ideas that will put them back in control of their own health care.

Throughout the debate on health insurance reform, Republican concepts and proposals have been included in legislation. In fact, hundreds of Republican amendments were adopted during the committee mark-up process. As a result, both the Senate and the House passed key Republican proposals that are incorporated into the President’s Proposal. […]

Benen draws the obvious conclusion that Republicans aren’t interested in constructive engagement.

But, in fact, the Republican’s intransigence is perfectly logical. They ask only that Obama adopt their ideas. The problem is that it is impossible for Obama to do so. What Obama, and Benen fail to realize is that once Obama accepts a Republican idea, it is transformed into an Obama idea and is no longer a Republican idea. As a result it is absolutely impossible for Obama to accept a Republican idea. Republicans understand this transformative process very well, as is demonstrated by the facility with which they turn against any idea that once was, but no longer is, of the Republican variety. The true mystery here is why Obama or the Democrats keep trying. Maybe they should talk to a kid named Charlie Brown about a girl named Lucy and her football.


Friday Night Music, John Mellencamp

Okay, so last night there was discussion on the Olbermann show about the possibility of drafting Indiana native John Mellencamp to run for the Senate against probable Republican Candidate and corrupt lobbyist Dan Coats. It probably won’t go anywhere, considering the process forced on the Indiana Democrats by DINO Evan Bayh. Personally, I think he’d be a great candidate who might not be afraid to articulate a genuinely left wing down home populist message. Which is why he’ll never be nominated, even though I think a message like that would sell anywhere, even among the historically brain dead Indianans. (I’m not running for anything, so I can say these things).

So, that’s what led me to Mellencamp for tonight. So far as I can see there’s no concert footage of him on youtube, only his music videos. I’ve made an exception to my normal no lip synching rules, in honor of the his historic, if fleeting candidacy. The silver lining is that the audio is first rate. Not hard to find political songs, which seems appropriate. The first: Our Country.

The inevitable: Pink Houses.


Good idea

Susan Byziewicz writes to me today (did she write to you too? what a coincidence!) that she will bring a declaratory action to determine whether she is qualified to be attorney general.

This is good news. I’d actually toyed with the idea of trying to sign up some lawyer friends to team up and bring such an action, though there are legal impediments to doing that (such as establishing standing) that Susan won’t have to face. I think she’s qualified by experience, but I don’t think she’s qualified under the law. My heart won’t be broken, in fact I’ll be glad, if a judge disagrees with me. She should be able to run.

But doing it this way, I assume perhaps under pressure from some in the party, she avoids the possibility of messy litigation in November.


It’s time for him to go

I greatly respect Chris Dodd for all he’s done, but I must say that it’s apparent that his time has passed, and we can be thankful that he has stepped aside. If I’d had any doubts, and I hadn’t, this interview, in which he says that the filibuster rule should not be changed, would have removed them. The money quote (via MyLeftNutmeg):

“I’m totally opposed to the idea of changing the filibuster rules,” the Connecticut Democrat said on MSNBC’s “Morning Joe”. “I think that’s foolish in my view. You can write all the rules you want. At the end of the day if the chemistry isn’t there [it won’t work].”

When one puts the good of an institution-any institution-over that of the country, then one’s priorities have become seriously misplaced. If Dodd does not see the dysfunctional reality of the institution in which he currently serves then it’s hard to see any possibility that he would have been part of a solution to its problems in the future. In fact, his statement is absolutely wrong. We would have health reform now, most likely with a public option, were it not for the filibuster rule. That’s a difference; a huge difference, and the system would have worked by delivering what the American people wanted, and still say they want when asked in a reasonable fashion. We would have had better stimulus legislation had there been no filibuster. Instead of wasting money on worthless tax cuts, we could have saved the states from bankruptcy. We would have votes on Obama’s appointees. Obama could actually appoint what are now doomed nominees, given the fact that Ben Nelson, who felt it was wrong to filibuster nominees when a Republican was in office, now feels free to filibuster those of a Democratic president. Whether a change in the rules will disturb the chemistry of the Senate is debatable, but also irrelevant to the American people, particularly the people who put Dodd in the Senate. Parenthetically, it is probably the abuse of the filibuster that has destroyed the chemistry at present. If there were no filibuster, the Republicans would either have to play nice or become wholly irrelevant.

It’s understandable, but not really forgivable, that a Senator could equate institutional traditions with the public good. It’s impossible to believe that any Democrat could fail to perceive the direction in which the dysfunctional Senate’s is leading us. The filibuster can be abolished by majority vote at the beginning of the next Senate session, provided the Democrats don’t destroy their majority by further weakness. We need to get Dick Blumenthal on record on this issue. Will he vote to return majority rule to the United States Senate? Does he understand what’s happening? If not, we’re doomed.


Another threat to marriage quashed


A word about some words

Recently, Sarah Palin feigned outrage at the fact that Rahm Emmanuel called the people that elected his boss into office “fucking retards”. Naturally, neither she or anyone else objected to the insult to people who were only asking that Obama fulfill his promises; rather, her faux anger was voiced on behalf of the mentally retarded, such as the prop little boy that she carries with her everywhere.

This morning, my Pandora Bob Dylan radio station, served up Idiot Wind.

What do these two disparate events have to do with one another? Well, the second got me thinking (an achievement in itself) about the first, and about the malleability of language. Dylan’s song, after all, is about many things, but it certainly isn’t about the mentally retarded.

Nowadays we cheerfully use the term idiot as an insult, without a twinge of conscience, even though its original meaning (now demoted to second place behind “a foolish or stupid person”) is as follows:

A person of profound mental retardation having a mental age below three years and generally being unable to learn connected speech or guard against common dangers. The term belongs to a classification system no longer in use and is now considered offensive.

The term “moron” has a similar derivation, though it was applied to the less profoundly retarded. Had Rahm used either of those terms, and I’m sure he would have, given half the chance, it’s highly unlikely that it would have occurred to Sarah to take offense (being an idiot herself, she is surely unaware of the derivation) nor would anyone else. The folks at MoveOn would have had to lick their wounds in silence. These terms have, so to speak, been euphemized. The euphemism for these now quite egalitarian terms of abuse is, of course “mentally retarded”, which is now rapidly acquiring all the negative connotations (at least with respect to the class of people to whom it refers) that “moron” and “idiot” have now almost shed. Yes, the term “mentally retarded” is itself in the process of becoming euphemized. The term now is “special” or “challenged”.

But we live in a fast paced world. While it took centuries to even perceive the need for euphemisms for “idiot” and “moron”, it took only decades for the same process to require a replacement for “mentally retarded” and, unless I miss my guess, it will be far less time than that before we are seeking replacements for “special”, “challenged”, or whatever other term wins the prize. I blame the kids. You can’t fool them, and they have a boundless capacity for cruelty. Even as we speak, there are kids on the playground referring to their peers as “special” or “challenged” and, need I say it, not in a good way.

It may seem unlikely that the term “special”, for instance, could ever acquire overwhelmingly negative connotations, but stranger things have happened. I can remember when a person could say that he or she was “gay”, meaning “happy”. That meaning lives on in our dictionaries (banished to second place, like “idiot”), but lives there a person under 90 who would now use the word in that way?

Meanwhile, let us pause for a moment of silence for the fucking retards against whom Rahm directed his anger. They made the mistake, over and over, of being right on the issues and right about the politics. There is nothing that will earn universal scorn more quickly than being consistently right. Who would dare come to the defense of someone who has committed such an iniquitous act? You’d have to be an idiot.