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Rewards for good work

This morning I told my wife I was sure that the Wall Streeters would be pulling down big bonuses this year, despite the fact that, objectively speaking, they’re performance has not been, shall we say, all that great. Via Americablog, I see that I was right, but that particular prediction was like shooting fish in a barrel. The story is from the Guardian. Some highlights:

Financial workers at Wall Street’s top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year – despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

The sums that continue to be spent by Wall Street firms on payroll, payoffs and, most controversially, bonuses appear to bear no relation to the losses incurred by investors in the banks. Shares in Citigroup and Goldman Sachs have declined by more than 45% since the start of the year. Merrill Lynch and Morgan Stanley have fallen by more than 60%. JP MorganChase fell 6.4% and Lehman Brothers has collapsed.

At one point last week the Morgan Stanley $10.7bn pay pot for the year to date was greater than the entire stock market value of the business. In effect, staff, on receiving their remuneration, could club together and buy the bank.

The Free Market at work, I guess. Since the market is making it happen it is right and just that it should happen. Lest we forget, according to John McCain, the real cheaters would be middle class people who might benefit from Obama’s proposed tax cuts, which would be nothing else but welfare.

Palin’s real Americans speak out

Via Jesus’ General:

[youtube]http://www.youtube.com/watch?v=2jE9FV-5VAU[/youtube]

Good news, terrible news

A lot of strange things are going on beneath the surface this election year.

On the bright side, newpaper endorsements usually favor the Republicans. Four years ago, after George Bush had already proven his bona fides as a candidate for worse ever, John Kerry managed only a slim margin of editorial endorsements, and even that was unusual. Editor and Publisher has been following developments this year, and right now it looks like a landslide:

[Recent endorsements] brings [Obama’s] lead over McCain-Palin by this measure of daily papers to well over 3-1, at 64-18, including most of the major papers that have decided so far. In contrast, John Kerry barely edged George W. Bush in endorsements in 2004, by about 213 to 205.

Of course, this could turn around, and I’ve never believed editorial endorsements have much effect, though I suppose they might confirm some undecideds who might be leaning one way or another.

On a darker note, and once again under the surface, the Republicans are once again planning to steal the election. One more sign from Colorado, where Greg Palast and Robert F. Kennedy, Jr. have found the following:

Republican Secretaries of State of swing-state Colorado have quietly purged one in six names from their voter rolls.

Over several months, the GOP politicos in Colorado stonewalled every attempt by Rolling Stone to get an answer to the massive purge—ten times the average state’s rate of removal.

– While Obama dreams of riding to the White House on a wave of new voters, more then 2.7 million have had their registrations REJECTED under new procedures signed into law by George Bush. Kennedy, a voting rights lawyer, charges this is a resurgence of ‘Jim Crow’ tactics to wrongly block Black and Hispanic voters.

– A fired US prosecutor levels new charges—accusing leaders of his own party, Republicans, with criminal acts in an attempt to block legal voters as “fraudulent.”

It is practically a law of nature that Republicans always loudly accuse Democrats of the crimes in which they themselves engage. Palast has been covering these issues since 2000, but he is widely ignored by the mainstream. Were this sort of thing exposed to widespread media scrutiny, it would probably stop. If Palast’s report is true, and there’s no reason to think it’s not, we can probably kiss-off Colorado.

It is an odd thing that the due process clause requires notice and hearings before a person can be deprived of their rights or property, but there does not appear to be any due process rights for people stricken from the voting rolls.

Friday Night Music-Willie Nelson, Diana Krall, and Elvis

[youtube]http://www.youtube.com/watch?v=F5BnCEPr7cU[/youtube]

I found this one myself. Thanks again to a Liberal Drinker, I’ve got someone in reserve for next week.

From the Onion

Precocious Youngster Sells Cookies To Buy Attack Ad

UPDATE: For reasons I can’t understand, this video does not appear at all on my wife’s computer. She uses Firefox. I have no problem with Safari.

A truly stupid suggestion

John McCain said a lot of dumb things last night, and a lot of what he said has been scrutinized, deconstructed, debunked, and otherwise destroyed. I haven’t noticed that anyone picked up on this gem:

We need to encourage programs such as Teach for America and Troops to Teachers where people, after having served in the military, can go right to teaching and not have to take these examinations which — or have the certification that some are required in some states.

(Transcript of debate can be found here)

Now, I know we’re supposed to worship the troops and all, but surely I’m not the only one who thinks this suggestion is bat shit crazy, and I don’t care who else supports it, even if Obama is one of them. McCain criticizes the quality of education in this country, and then suggests that we privilege unqualified people to get precedence to teach in our schools, just because they’ve been in Iraq. Since when does being a soldier qualify anyone to be a teacher? If we don’t require teachers to pass those elitist “examinations” or get those snooty “certifications” (my recollection is that McCain said those words dismissively) how precisely are we to get people who are qualified to teach? Maybe this type of thinking is a byproduct of his personal belief that his own psyche scarring experience as a POW somehow makes him more qualified to be president than someone who has not been traumatized. Or, maybe it’s just consistent with the right wing belief that we should be teaching mythology and not facts, so that anyone will do, the more unqualified the better. Whatever the reason, this proposal makes no sense. There was a time when we looked on the military as a necessary evil. During Vietnam we unfairly maligned the military for the sins of their civilian bosses. Now, to atone for the sins of the sixties (this won’t stop until the last hippie dies) we nearly deify them, except when it comes to actually funding the programs they deserve. McCain’s proposal is so absurd that it’s almost comical, but we will hear nothing about that fact from either the media or the Democrats, because stating the obvious would be an unfair attack on the sacrosanct “troops”.

UPDATE: I am informed by a reliable source that the Troops to Teachers Program does not actually allow a returning soldier to go into teaching without getting proper certification. So this is just another example of McCain’s abysmal ignorance. Nonetheless, the fact that he’d be in favor of the program as he envisioned it speaks volumes about his qualifications to be President. I wouldn’t let someone who thinks like that on a local school board. The truth is that the Republicans have nominated two people to the highest offices in the land, neither one of which is qualified to be President.

Good Ad

[youtube]http://www.youtube.com/watch?v=5IS0PJdE0Cs[/youtube]

Can’t help myself

I agree with Atrios that this is unfair, but it’s too funny not to pass on. Probably everyone in the world has seen these already, but like fine wine they get better with age.

Click on images to make them bigger. I posted them small to avoid distortion.

Lest I forget

One and all are invited to join us here at Groton Democratic Headquarters (where I am right now) tomorrow night for the third and final debate. We are located at 303 Route 12 in Groton. Look for the GEICO sign.

This one should be interesting. McCain has promised to go negative to Obama’s face. How will that come across? And does McCain really want to open himself up to questions about a guy with whom he’s a lot closer:

William Timmons, the Washington lobbyist who John McCain has named to head his presidential transition team, aided an influence effort on behalf of Iraqi dictator Saddam Hussein to ease international sanctions against his regime.

Paranoia Strikes Deep

Sarah Palin is campaigning in Pennsylvania and is denouncing the “unconscionable voter fraud” going on in Pennsylvania. While the media is dutifully running with, and misrepresenting the story, it is an issue unlikely to have much resonance with the voters, particularly coming from the representatives of a party that is widely suspected of stealing the 2000 election, and about whom a good argument can be made that it stole the 2004 election as well. It sounds a bit like sour grapes in advance, doesn’t it?

The actual story is a non-story. The evidence for the accusations of voter fraud is so weak that Republican U.S. Attorneys refused to prosecute, which led to the firings and the U.S. Attorney scandal that erupted recently. There is nothing in the newest charges that would lead any reasonable person to believe that the current charges are just more of the same.

Perhaps I’m being paranoid, but I suspect this line of attack is intended to lay the groundwork for a court challenge to the election results if McCain makes it close enough to enable them to pass their own laugh test, which may not be much of a test. I don’t think many non-lawyers understand just how lawless the Supreme Court decision in Bush v. Gore was. There is simply no reason to believe the court would not grasp at any legal theory, however implausible to do it again.

UPDATE: As Josh Marshall says, the purge is beginning. And McCain is laying the groundwork for a Florida challenge:

[youtube]http://www.youtube.com/watch?v=M6c12Of-lH0[/youtube]