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Where’s Harry Truman when you need him?

A poll taken in Florida shows that 49% of the people there believe that Republicans are deliberately sabotaging the economy. This is an extraordinary statistic, because while this has been happening in plain sight, it has until very recently been considered impolite for our lords and masters who style themselves Democrats and/or pundits to take notice (Paul Krugman always excepted). That means, of course, that a distracted and anxious populace has come to the conclusion pretty much on their own.

Angry Black Lady at Balloon Juice, who wrote the post to which I’ve linked, has this to say:

Got that? Near­ly half the respon­dents, includ­ing 52 per­cent of inde­pen­dents and near­ly a quar­ter of Repub­li­cans believe that Repub­li­cans are sab­o­tag­ing the econ­o­my. If Repub­li­cans “stay the course,” those num­bers will only rise.
The ques­tion remains, how­ev­er, will vot­ers pun­ish Repub­li­cans for this behav­ior in the vot­ing booth?

Even more suc­cinct­ly, are vot­ers going to fuck up this elec­tion?

Well, maybe, but the voters are going to be faced with concrete choices in 2012, and with actual campaigns, which will choose what issues they care to stress. It’s not just voters that fuck up elections. If Harry Truman were in the White House we know what he would do with an issue like this, because it’s precisely what he did do in 1948. The question is whether the modern Democratic party, weighed down by its allegiance to Wall Street and its overall timidity, can push at this. If 49% of the people believe this unprompted, a little skillful campaigning ought to be able to push that to 60%, which ought, even given the American electorate and the incompetence of the Democrats, make for some surprises come November, if only the Democrats were willing to risk hurting Republican fee-fees.

That requires some action at the top, and that presents the question of whether Obama can convince the American people that he feels any sense of real urgency about this issue, assuming he’s willing to make and stick by the charge of deliberate sabotage. Maybe a “no more Mr. Nice Guy” line of attack against a do nothing Congress might do the trick, but can he really convince anyone, at this point, that he won’t revert to form once he’s safely re-elected? After all, he has to convince people that he not only disagrees with what the Republicans are doing, but that he will do something about it if he’s reelected. What evidence is there for that? And given the fact that the Democrats practically embrace their filibuster created impotence, why should anyone believe that voting Democratic will make any difference?

Still, it’s a splendid opportunity and it will be interesting to see how the Democrats throw it away.

Speaking of Harry, a musical bonus:

Marie Antoinette would feel right at home here

I would urge everyone to read these two posts (here and here) at Hullabaloo. The first about the fact that what the occupy movement is all about is a pervasive sense of injustice: that the mass of people is being treated unfairly by financial and governmental elites.

The second illustrates the utter cluelessness of those elites, the immediate subject being billionaire Bloomberg’s dinner with a number of said elites to urge them to further screw the people who have borne the brunt of the devastation visited on this country by those very elites. It’s a cluelessness perhaps nicely, if optimistically, illustrated in this drawing that’s been hanging on my office wall for lo these many years.

Elites

I don’t know what a revolution would or could look like in this country, but I may soon find out. Needless to say, it wouldn’t end well. It’s often said that FDR saved capitalism from itself, and if not for his actions, so detested by the elites of his day, there would have been a revolution in this country in the thirties. There seems to be no one in this country’s political elite who understands the forces at work. Some fiddle while Rome burns, while others just add fuel to the fire.

The country is ripe for a demagogue who can give voice to the anger that is so pervasive. That’s to be feared, but it’s almost inevitable if our overlords continue to see our economic salvation as more tax cuts for the rich paid for by more suffering inflicted on everyone else. We’ve lucked out so far that the opposition party has disgorged only clowns and opportunists, all of whom are as clueless as the Bloombergians.

Speaking of Bloomberg, he appears to be getting increasingly tone deaf these days. Besides holding a swank dinner party to encourage the elites to impoverish the rest of us, he is repeating the oft debunked trope that it was Fannie Mae and Freddie Mac, and not the banks that caused the financial crisis.

The Heritage Foundation does not believe in the magic of the market

The Heritage Foundation has issued a report which concludes, in the words of the Laura Clawson at the Daily Kos, that public school teachers are overpaid and stupid. Her analysis stands on its own, but I can’t resist adding another observation.

If one applies the free market principles that the Heritage Foundation always claims to believe in, its conclusion can’t possibly be true. If teachers were stupid and overpaid, then smart people would gravitate toward teaching and take the jobs away from the overpaid stupid people. On the other hand, it is possible that teachers are underpaid and stupid, in which case, the free market solution would be to raise their salaries, thereby attracting smart teachers. The present right wing solution is to de-unionize the teachers, which would take care of the “fact” that they are overpaid, but it wouldn’t do much to deal with the alleged stupidity, which of right ought to be the primary concern, assuming (a ridiculous assumption, I know) that we all share a common objective of giving first quality education to our kids.

This all, of course, assumes that people teach only for the money and are motivated by nothing else. There are, undoubtedly, stupid teachers, just as there are probably smart Republicans, but for the most part, they are smart and underpaid. Not a one of them but does more good than any hedge fund manager.

Cain channels Clarence Thomas

We have strange rules in this country. A black conservative is allowed to charge that racism is at work whenever he’s attacked, even when, as in Herman Cain’s case, the attacks are obviously based on fact and race is not implicitly or explicitly involved. The correct response, apparently, is for whites, particularly liberals and the press, to back off, as they did with Clarence Thomas, thus emboldening the next right wing black, this time Herman Cain, to try the same dodge.

On the other hand, when a guy like Obama is the victim of actual race based attacks by an entire organization, such as the tea party, and assorted Republican politicians using ever less coded code words, (examples picked more or less at random here, here, and here) it is terribly impolite for anyone to point it out. We are simply not allowed to call racists, racists. We are now more or less agreed that racism is a bad thing, but only right wingers are allowed to allege they are victims.

By the way I realize the Cain story probably came from the Perry camp, but that doesn’t undermine my argument. Cain trotted out the “high tech lynching” charge to get the press to back off.

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: