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This time, let the banks fail.

Friend Matt Berger has been sending links to multiple articles, such as this, on the foreclosure moratorium situation. It’s interesting that the banks, the press, and Obama’s people are pushing the meme that the law should not get in the way of the banks attempts to foreclose on mortgages which, in many cases, they may not own. Isn’t it funny how the law becomes a mere technicality, something to be brushed aside, when it’s convenient for the powerful, but something to which we peasants (think, especially, of the failed attempt to get cram down legislation) must adhere as a matter of personal responsibility.

This one will be more difficult for the banks, because they are going to have to deal with judges, who might not take as flexible a view of the law as they might like. The banks have for years, before these very judges, argued successfully that debtors should be held to the letter of the contracts they sign, and the laws to which they are subject. How likely is it that many are going to want to cut the banks much slack at this juncture.

The situation is really quite clear. The banks have created a situation in which they have no legal right to foreclose on the properties on which they claim to have mortgages. This is a situation they created entirely on their own, by assuming they could create an alternate title system that ran by their rules, instead of the rules of the several states.

If the Obama folks had any insight into the current mood of the country, they might make the most of this. But they won’t, not with Timmy at treasury. If this means the banks go down, then this time we should let them go down. These are the same banks, after all, that took our money, lent it back to us at a profit, and then refused to lend it out to businesses that need credit to help get us out of this bank created depression. Other banks will rise from the ashes. If they learn there’s a price to pay for cutting corners, maybe they won’t cut corners. It’s called personal responsibility.

This time, take the money that will be needed to bail out the banks and spend it on bailing out the people. Of course, I’m dreaming. They’ll bail them out again, with Republicans and Democrats suddenly finding common cause.


Stupid questions

I just returned from watching the Blumenthal debate. I noted in a previous post that I don’t like watching debates. They are stomach churning affairs, particularly when your candidate doesn’t come out with the answers that seem so obvious to you. Another reason is that the questioners are always (well, almost always) press people of very little brain, particularly those hired to sit in front of a camera and talk, such as Mark Davis, who asked Blumenthal a question about a column by Greg Mankiw that was in the New York Times over the weekend. The question was (I can’t quote it) to the effect that a Harvard Professor said that he wasn’t going to work so hard if the Bush tax cuts aren’t extended, so how can you justify saying you want to tax this poor guy?

Dean referred to Mankiw as a Harvard Professor. Blumenthal is a busy guy, so probably hadn’t read the column, didn’t realize it was Mankiw Davis was talking about, and hadn’t read the torrents of criticism the column has elicited. Mankiw’s basic point was that rich guys like him would think twice about working more if they had to pay the same tax rate as they did under Clinton (though there’s no evidence he wasn’t working then), because, well, I’ll lift a quote, with summary, from Kevin Drum:

[Explanation of how $1,000 in income from a writing assignment grows to $10,000 over thirty years without taxes, but only to $1,700 with Obama-level taxes.]

Then, when my children inherit the money, the estate tax will kick in. The marginal estate tax rate is scheduled to go as high as 55 percent next year, but Congress may reduce it a bit. Most likely, when that $1,700 enters my estate, my kids will get, at most, $1,000 of it….By contrast, without the tax increases advocated by the Obama administration, the numbers would look quite different. I would face a lower income tax rate, a lower Medicare tax rate, and no deduction phaseout or estate tax. Taking that writing assignment would yield my kids about $2,000. I would have twice the incentive to keep working.

And I’ll also lift Drum’s observations:

Do you see the card he palmed? Basically, the effect of letting the Bush cuts expire is so tiny that the only way to make it noticeable is to compound it over 30 years, which reduces the eventual payout of his writing assignment from $2,000 to $1,700. (And even that’s probably overstated, since it assumes Mankiw pays all his taxes at their full statutory rate, which virtually no one does.) The rest of the reduction down to $1,000 comes solely from the estate tax. But even on the heroic assumption that you should take this year’s zero rate as the baseline for comparison, the estate tax has an exemption of several million dollars. Unless Mankiw leaves his kids a helluva lot more than they need for a down payment on a house, they won’t pay a dime of estate tax.

And of course, we can’t forget a few points, made here by Brad Delong:

First, start with the fact that tax on Greg’s current writing earnings because he wants to leave more to his children in thirty years will be higher than today’s current Bush-era tax rates. But they will not be higher because of anything Barack Obama has done or failed to do. They will be higher for three reasons. First, George W. Bush and his advisors–of whom Greg Mankiw was one–failed to find any spending offsets in order to pay for the temporary Bush reductions in tax rates. Second, George W. Bush and his advisors–of whom Greg Mankiw was one–enacted a very large long-term spending increase without figuring out any way to pay for it: Medicare Part D. Third, George W. Bush and his advisors–of whom Greg Mankiw was one–enacted a second very large spending increase when they responded to Al Qaeda by greatly increasing the size of a conventional military which is of not much use in our current struggle, and also did so without figuring out any way to pay for it.

Now, it’s probably asking too much to expect Mark Davis to educate himself on any of this. He probably knew that Mankiw was a Bushie, and therefore suspect, but he probably couldn’t be bothered to do any basic research to find out if Mankiw’s argument made much sense. He likely couldn’t resist the opportunity to ask a question with a Harvard pedigree to which it would be impossible for Blumenthal to respond unless, in the middle of a tough campaign, he had taken the time to read the column, read the rebuttals, and absorb them well enough to be able to rebut Mankiw point by point, which would, of course, have taken far more than his allotted time. All in all, a truly stupid and unfair question. I should point out, by the way, that Davis also absolved Linda from having suggested that she would consider lowering the minimum wage when, in fact, that is the only way one can interpret her words, if one understands the English language.


Book review

I don’t normally recommend books on this blog, particularly books I may never finish, but I would urge any person of reason,particularly anyone who doubts the seriousness of the threat of climate change, to read eaarth, by Bill McKibben.

I have a fairly strict rule when it comes to books: if I start one I finish it, no matter how dreadful. When I bought McKibben’s book I figured it would be a weekend read, as it’s only two hundred or so pages long, but it’s so profoundly depressing that I can only take it in small chunks. I’m still planning on finishing, but it just might beat me. Despite my difficulties, it should be required attempted reading for anyone who thinks that the climate crisis is a problem we can deal with in the long term.

According to McKibben, it is already upon us, is in many respects irreversible, and will only get worse. That would be the case even if we actually responded to the threat in a rational way, which of course, we are not. Not having gotten to the end, I can’t yet say if he holds out much hope, but if he does, it goes without saying that we are going to need to respond in a way that is politically impossible.

I’m fervently hoping that McKibben is an alarmist, but I very much doubt that he is. He marshals his evidence extremely well, and there’s plenty of evidence to support him. Give it a read, if you can.

Stupidest attack ever?

The Courant is attacking Denise Merrill because she called herself an attorney in some campaign literature, but she’s not enough of an attorney to suit them. Seems she hasn’t practiced law for 30 years. Mind you, she hasn’t said she was actively practicing law, nor is the practice of law a part of the job of Secretary of State, the job for which she is running, something Susan Bysiewicz so recently proved. She has a law school degree and passed the California bar exam, and was a member of the California bar, but apparently that’s not enough for the Courant.

I’m a lawyer, practicing at the moment. So far as I’m concerned, for better or for worse, I’ll be a lawyer until they put me in my grave. It’s a curse I’ll have to live with. You can quibble about ethical rules designed to avoid misleading potential clients, but since Merrill hasn’t been seeking clients, it’s really a stretch to say that she’s doing anything unethical and an even bigger stretch to charge that she’s saying anything that’s untrue.

Currently, there are eleven members of Congress that call themselves physicians. One of them is Tom Coburn, which only goes to show that there’s at least one medical school out there that’s got some ‘splaining to do. Whether or not their licenses are active or inactive, they are not practicing medicine at the moment, but they’ve earned their stripes-even Coburn, apparently- and have the right to call themselves doctors, just like Merrill has the right to call herself a lawyer.

The article itself proves that Merrill has not been trying to mislead anyone:

When a Courant reporter researched Merrill’s background during the summer and asked about her status as a lawyer, she explained the California situation, and the newspaper published this accurate description: “Education: UConn, studied at San Francisco Law School, admitted to California bar.”

There’s an entry for Merrill on the State Bar of California website, where she is listed, with “Bar Number 85368′ by her name, along with her current Connecticut address in Mansfield Center and an “inactive” status designation. The website says that Merrill was admitted to the California bar May 1, 1979, at age 30, and that her status went “inactive” on Jan. 1, 1980.

Presumably the interview in the summer had nothing to do with the current story, so it appears that Merrill was the initial source for this startling revelation. Now that’s investigative journalism of the highest order.


Linda in Milford, Dick (and others) in Groton

CTBlogger caught the Danbury News Times in a bit of a (well, actually, a colossal) stretcher yesterday. According to the Times, Linda McMahon and yesterday’s news Scott Brown drew 2,500 people to a rally yesterday:

A crowd estimated at about 2,500 people stood waiting to hear from the senator and the woman who hopes to join him on Capitol Hill with a victory over Democratic candidate Richard Blumenthal on Nov. 2.

CTBlogger rather exhaustively documented that the crowd was about one tenth of that figure. He must have drawn blood, because if you go the News Times article now, here’s what you see:

A crowd in the hundreds stood waiting to hear from the senator and the woman who hopes to join him on Capitol Hill with a victory over Democratic candidate Richard Blumenthal on Nov. 2.

There’s a slide show still up at the News Times article, in which the crowd size is artfully masked. Does someone have an agenda?

Meanwhile, here in Groton, we hosted Dick Blumenthal yesterday at our headquarters. He was here to meet with the folks who were pounding the pavement going door to door in support of his candidacy. Truth to tell, he didn’t draw even 250 people, but the event had not been publicized like Linda’s, and wasn’t for the general public. So I’d say the dozens of people he did draw compared favorably to Linda’s crowd. Let’s just say that Linda has a problem getting things that money can’t buy, like loyalty and enthusiasm.

Not everyone was there to ring doorbells, since we had another event going on (manning a booth at the Groton Fall Festival, which Blumenthal visited later, where he was warmly received by the Festival visitors) and since some folks weren’t in shape for long walks, like Ted Hurlock, of Groton, a WW II vet who showed up especially to see Blumenthal and have his picture taken. I thought the picture below was better than the posed shots.


Dick wasn’t the only politician making the rounds at the Festival. In fact, Groton was swarming with federal and statewide candidates yesterday. Here’s Joe Courtney with Amy Moncy and Joe’s staffer and former Grotonite, John Hollay:


Denise Merrill dropped by. Here she’s checking out a display by the Fitch High School robotics team:


Kevin Lembo and George Jepsen were also working the crowd, but I couldn’t find them, so no pics. Denise Nappier also came by headquarters, and I presume, the festival, though I can’t swear to that. I hadn’t met Denise before, but we have something in common as we both graduated from Hartford Public High School, so we had a politics free conversation about good old HPHS. She was year behind me. I will spare her and not specify the years.

Well, that’s it from me on this Sunday morning. I defy anyone to detect any kind of structural unity in the above post.

Friday Night Music-Mea Culpa

Last week I opined that bagpipe music began and ended with Amazing Grace. Last night, to prove me wrong, one of our liberal drinkers loaned me a CD by a group called Rare Air. The CD is named Primeval. The group pretty much defies categorization, but I would say Celtic jazz is as close as you can come. I listened to the CD this morning, and I hereby eat my words. You can make good music with a bagpipe, at least you can if you surround it with other instruments. There isn’t much on youtube by these gents, but I found two. The first is a number called New Swing Reel.

The second must have a name, but they never mention it in the video, and I’m not about to try to match it up with the numbers on the CD.

So, I hereby eat my words, on the subject of bagpipes. (I’m sticking to my guns about Matt Collette though)


Mercenary madness

This article in the New York Times is mind boggling on many levels:

Afghan private security forces with ties to the Taliban, criminal networks and Iranian intelligence have been hired to guard American military bases in Afghanistan, exposing United States soldiers to surprise attack and confounding the fight against insurgents, according to a Senate investigation.

The Pentagon’s oversight of the Afghan guards is virtually nonexistent, allowing local security deals among American military commanders, Western contracting companies and Afghan warlords who are closely connected to the violent insurgency, according to the report by investigators on the staff of the Senate Armed Services Committee.

The United States military has almost no independent information on the Afghans guarding the bases, who are employees of Afghan groups hired as subcontractors by Western firms awarded security contracts by the Pentagon. At one large American airbase in western Afghanistan, military personnel did not even know the names of the leaders of the Afghan groups providing base security, the investigators found. So they used the nicknames that the contractor was using — Mr. White and Mr. Pink from “Reservoir Dogs,” the 1992 gangster movie by Quentin Tarantino. Mr. Pink was later determined to be a “known Taliban” figure, they reported.

Let’s put aside the fact that our soldiers are being guarded by their enemies, making them more like prisoners than soldiers. Why, in the first place, is anyone other than our own soldiers guarding our bases? Since when does our army require protection by an army of mercenaries? How does this make any sense? Isn’t it a little like hiring the Indians to protect the cavalry?

It’s certainly a scandal that we are paying the Taliban for protection, but it’s every bit as much of a scandal that we are paying anyone. If we don’t want to run our Empire right, maybe we should consider closing it down.


Junior (very junior) member of the vast conspiracy

The Day has long had a battered spouse syndrome type of relationship with the local right wing. They constantly try to appease them, though it never works. Apparently they’ve upped the ante, having gotten themselves a good right leaning reporter, who is always prepared to carry water for the Republicans. The fellows name is Matt Collette. I really should have collected a bunch of his trespasses before writing this, but I’ll confine myself to three.

First up, this article about the local Republican’s version of the national Pledge to Destroy America:

In a show of party unity not visible among local Democratic candidates, a group of Republicans running for seats in the Connecticut General Assembly pledged to combat the state’s looming fiscal woes with “common sense” solutions.

Whatever is the gentleman talking about? It is quite possible that Democratic unity isn’t visible to him, but that’s because he doesn’t appear to pay much attention to Democrats, other than to trash them. Now, I’ll grant you, Democrats do think for themselves, so they are far less likely than Republicans to march in lockstep (or, since Nazi comparisons are all the rage these days, should I say goose step?), but I’ve seen no evidence that Democrats are not united. So what’s he talking about? Where’s his–you know–evidence?

Next up, we have the why don’t we swallow the Republican talking point whole act. This is from a puff piece about the three Republican contenders for the Second Congressional nomination:

Along with fellow Republicans, they want to reverse Democratic policies like the health care reform bill, enacted by Obama and Democrats in Congress earlier this year, decrease federal spending and restore the Bush tax cuts to reduce the federal deficit and work to improve the economy through job creation and reduced regulations on corporations. (Emphasis added)

Now, an actual reporter might point out that no respectable economist will tell you that preserving this massive transfer of wealth will cut the deficit. It flies in the face of common sense, basic math, and past experience, since both the Reagan and Bush tax cuts produced massive deficits. Where, pray tell, does Mr. Collette think our present deficits came from? Now, Republicans are certainly within their rights to spread these fables. It’s what they do. But it’s a poor reporter that simply passes them on as fact. I’ll be keeping an eye, by the way, to see if Mr. Collette allows Democratic claims to go unquestioned. Note that I’m giving him a pass on swallowing the claim that reducing regulations will improve the economy (talk to the folks around the Gulf about that), but since it takes more than first grade math to wrap your head around that issue, I’m letting that one go, except to add if he was up to third grade history he might recall that it was reduced regulations that tanked the economy in the first place. But that would be asking him to have a functioning memory, and, to be fair, almost no one in the press has one of those.

Finally, here’s one with a local twist.

Last spring, the Groton Long Point Association requested $208,000 for its police department, a sum equivalent to what it would cost the town to police the area itself. In a tight vote, the RTM voted to eliminate that funding, a move it upheld when members tried to reverse the decision.

I’m going to take a page from Dean Baker here. Mr. Collette has no basis on which to assert that the amount in question is equivalent to what it would cost the town to police the area itself. He could report, accurately enough, that the folks from Groton Long Point make that claim, but he has no basis to assert this as a fact. But it does fit the interests of type of folks that appear to be near and dear to his heart.

My wife and I have noticed Collette’s rightward tilt, but I haven’t stooped to notice him in this august space prior to this. But the “unity” quote above tipped me over the edge. In for a dime, in for a dollar. You’ll be hearing more about him if this kind of thing keeps up.


Bad Blogger!

That’s as in, or similar to, “bad dog!”, for I have been very bad indeed.

I did not watch the Blumenthal debate. I did not watch the Malloy debate. A Bad Blogger, indeed.

I actually have an excuse for part of the Blumenthal debate. I watched the first several minutes and couldn’t take it anymore. This was a result of the combination of the stupid questions and Blumenthal’s poor start. Blumenthal is not a street fighter. He’s perfectly capable of fighting in the halls of the Senate or in a court, but he’s temperamentally unsuited to standing next to someone and engaging in the kind of brawl that has been dignified by the name of “debate” in this country. I think he’s sincere, if a bit (a bit?) stiff and I’m afraid he is still infected with that Democratic belief that a debate should be discussion of the issues. Anyway, I decided to spare myself the frustration of listening to him fail to give the answers that popped so easily into my head, and left the room. And then, a miracle occurred. We lost our power, thereby legitimizing the action I would have taken anyway.

Last night I had a meeting in Waterford, and by the time I got home, it was too late to watch. I would have been more than happy to watch Dan, because unlike Dick, he is a street fighter, and if I’d had to bet on that face-off, my money would have been on Dan. From what I hear, I would have won some money on that bet.

But, no excuses, I really should have watched them both. I’m a bad blogger.

Moving on, my wife informs me that according to the messages flying back and forth in the twittersphere, or at least the #CTSen and #CTGov portion of it, all four candidates won, with Linda’s paid minions pushing their tweeting point (apparently they only have one) at a pace both fast and furious.

I’m sure that twitter serves some purpose. I, in fact, have an account, and have actually tweeted on rare occasions. But the political side of it strikes me as a bit like the old Compuserve forums. I was in two kinds of forums. Back then, I was a computer hobbyist, in that I wrote programs in Visual Basic. The forums dedicated to that were great. If you had a problem you could post something about it, and people would reply with helpful suggestions. Everyone was nice to each other. I also joined one or two political forums. One was about the American presidency, and I actually was deluded enough to think it was for people interested in history. But, in fact, it was a forum for people dedicated to insulting one another. Since Clinton was president most of the threads involved invective against Clinton or his forum dwelling supporters, countered by more of the same from those supporters. So far as I know, Clinton himself took no part. No one actually engaged in any kind of meaningful discourse, no one changed anyone’s opinion. Indeed, no one really expected or wanted to change anyone’s opinion. Twitter, political style, is much the same. I’m not sure if the brevity requirement is a blessing or a curse. All that being said, I do get a kick out of the clever stuff emanating from the people with whom I agree. The other guys are all idiots.


Shameful behavior on the campaign trail

Joe Courtney is one of the nicest politicians I’ve ever met. Some might say that’s damning with faint praise, but Joe would be on the nice guy side of the scale in any group you’d care to name. So it is with heavy heart that I must call him out on the devious campaign tactics in which he is obviously engaged.

Last week the Peckinpaugh campaign issued a press release, calling attention to a video that made Peckinpaugh and Rob Simmons look like– well, it made them look like the assholes they are. Today, we hear of yet another press release from the Peckinpaugh campaign.

Searching for a breakthrough in its run against U.S. Rep. Joe Courtney, D-2nd District, Republican Janet Peckinpaugh’s campaign issued a press release Friday encouraging voters to make her “the first woman elected to the U.S. House from the 2nd Congressional District.”

Just one problem: She wouldn’t be the first.

The first woman elected to represent Connecticut’s 2nd District was Chase Going Woodhouse, a Democrat who served in Congress from 1945 to 1947 and again from 1949 to 1951.

There is only one logical conclusion to draw from all of this. The Courtney campaign has placed an operative deep within the Peckinpaugh operation, which operative is engaged in an orchestrated campaign to make Peckinpaugh look like the biggest horse’s ass to come along since–well, since Rob Simmons. This is the sort of thing that would make Karl Rove turn green with envy.

Don’t try to tell me this is just incompetence. No one could be so stupid as to issue such a press release without even checking to see if the central assertion made was true. I mean, how long would it take to check that fact through Google, or on wikipedia? Two minutes, three maybe if you’re using a PC? What competent campaign worker wouldn’t foresee that someone would check it once the release was issued. And, looking back, is there a person alive who could possibly believe it would be a good thing if voters watched that video, or, given the squirm factor, tried to watch it?

No, I refuse to believe anyone is that stupid, so there is only one explanation. Well, Democrat or not, nice guy or not, I’m crying foul. There’s some things that you just don’t do. After all, Peckinpaugh is way behind and this type of loathsome campaign tactic is totally unnecessary. Joe should apologize to Peckinpaugh, remove his operative from Peckinpaugh’s campaign, and insert him or her into the McMahon camp where he or she belongs.

Sure I’ve got principles, but they’re flexible.