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Happy Holidays

Most likely no posts until after tomorrow night at the earliest. I just want to take this opportunity to wish everyone who stops by at this blog a great Holiday. I’d also like to thank all of you for taking the time to read this blog. I really am grateful to each one of you.

In touch with the inner Grinch

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Feedback from some legislators

Last week I noted a suggestion in the comments to the effect that the Connecticut Democrats should use their veto proof majority to change the method of filling vacancies in the United States Senate. I got a comment on that post from Representative Tim O’Brien, who has introduced a bill to provide for special elections in case of such a vacancy. I also passed on the suggestion in an email to Representatives Moukawsher, Wright and Ritter, and Senator Maynard.

I got responses from everyone but Representative Wright. All three expressed some level of support for the concept, though they appeared to vary widely on the enthusiasm scale.

Andy Maynard felt it would go nowhere fast, and that a veto override would be negatively perceived by the public, which is more interested in seeing substantive progress on energy, health and property taxes. Ed Moukawsher said he would look into it, saw merit in it, but doesn’t see the Lieberman resignation as a real possibility. I think he had the mistaken impression that Representative O’Brien’s proposal would vest the power of appointment in the legislature. It doesn’t. Betsy Ritter was generally supportive.

There’s a few points that should be made here. First, I think the legislature is capable of dealing with an issue like this and other, substantive stuff. I really don’t think it’s that controversial. Andy felt it would be poorly received by everyone but Lieberman haters. I don’t think so. It takes the choice from the governor, and gives it to the people, to whom it belongs. Nor should a veto override be considered some sort of earth shaking event. Governors veto, and legislatures can override. In fact, this legislature should override. Their failure to wield their majority has made them look, sometimes, almost as weak as their Congressional counterparts. The question I would have is why any Democrat would vote against this.

As to Lieberman’s retiring, I don’t think it’s out of the question. The New York Times recently noted that “he may be ready to retire and move to the revenue-enhancement side of the post-Senate career”. The Times was talking about 2012, but a lot could happen between now and then, particularly if the Democrats manage to blow the presidential election, and don’t put it past them. Holy Joe might decide to take a Cabinet post and presto, we end up with a Republican senator.

Lieberman aside, it makes sense to take the appointment power out of the hands of this governor in particular, and any governor in general. Given the power of incumbency, an appointment for a short term gives the appointee a significant advantage. Democrats have an advantage on a level playing field. We don’t need the boost as much as Republicans. Given the party’s failure to elect a governor since 1984, it makes sense to take the appointment power out of the hands of a governor whose likely to be Republican. It needed hardly be added that every additional Republican Senator makes it that much harder to get real, substantive change in this country.

In any event, I’m grateful to the three legislators for getting back to me.

Christmas concert

Pick and choose what you’d like to watch. This is sort of eclectic. It’s hard to find good stuff on Youtube sometimes. I spent about half an hour trying to find a good clip of Eartha Kitt singing “Santa Baby”, which I think is a real howler. No luck, and Madonna’s version sucks by comparison.

First, from the White House, back in 1999, Eric Clapton and Sheryl Crow:

[youtube]http://www.youtube.com/watch?v=y0UCi2HcrT4[/youtube]

My fellow aging hippies will no doubt remember the Perry Como show, a big hit in the ’50s. Here’s Perry with the Ray Charles singers:

[youtube]http://www.youtube.com/watch?v=9E5WqegfuyE[/youtube]

One of the oddest pairings in history, Bing Crosby and David Bowie:

[youtube]http://www.youtube.com/watch?v=gKTHvW2JcAA[/youtube]

Finally, this is a political blog, so I can’t leave out John Lennon. BE WARNED, this is not light viewing.

[youtube]http://www.youtube.com/watch?v=-BAvAA53sLo[/youtube]

A moral dilemma

My wife and I watch almost no television. We have replaced the Daily Show/Colbert with Keith Olbermann since the writer’s strike. The Simpsons completes our weekly viewing. The TV itself is almost never turned on- I use my Mac as a Tivo, and I edit out the commercials.

Since we are rapidly approaching old geezerdom, we like our routines, so we really miss Stewart and Colbert. So it is with mixed emotions that I learn that they will both return on January 7th, writer’s settlement or no. They will be left to their own devices-no writers.

I am in a quandary. If I watch when they return, am I crossing a virtual picket line? Shouldn’t I, out of solidarity with the writers, who clearly have right on their side, hold out until the strike is settled? Can I justify watching by rationalizing that since I’m not a Nielsen family it doesn’t matter? Does the fact that I don’t watch the commercials make it alright?

All those years in Catholic school, and yet I can discern no clear answer to these burning questions. Ah, I know! What would Bush tell me to do? He would tell me to cross that picket line, would he not? At least he would as an abstract principle, though maybe not in the specific cases of Stewart and Colbert. Still, if I’ve learned anything in the past seven years, it is that I should never agree with George Bush on a matter of principle. My mind is made up.

Town Council gives Hilton tax break for Christmas

Last week I mentioned that the Town Council was thinking of giving a developer a $60,000.00 tax break as an incentive to do something it had already done. This week the Council voted to do it:

The Town Council this week approved a one-year tax abatement for the Hilton Garden Inn of a little more than $60,000, in a 5-3 vote.

Groton Hospitality LLC, which is building the hotel on Gold Star Highway, asked for tax relief under the town’s financial incentive policy last summer. The final amount is 25 percent of the value of the upgrades to the hotel, which include a brick façade, additional landscaping and cherry finishes inside the hotel.

Councilor Rita Schmidt changed her mind since the council committee vote last week and opposed the tax break. Councilors Frank O’Beirne and Kathryn Brown-Tracy also voted against it. Councilor Heather Sherman Bond was absent.

The council plans to reconsider its incentive policy, which does not specify a time element in granting the tax breaks.

Granting the tax breaks is discretionary, so the time element is irrelevant. Congratulations to Rita for changing her mind on this giveaway and to rookie Brown-Tracy for being against it from the beginning.

Suggestions wanted

My wife and I are hoping to organize a local chapter of Drinking Liberally, starting in January. Before we formally hook up with the national folks we want to see if enough people show up to make it worthwhile. First order of business is choosing a location. We’ve been thinking of the Harp and Hound in Mystic, but we’re not sure there’s enough room there (or if it will be too noisy, since they often have live music), if it turns out people actually show up, or if it grows over time. We’re thinking of having meetings on Thursday nights, once or twice a month. If you’re unfamiliar with Drinking Liberally, here’s a nutshell description: Liberals meet at a bar for drinks and politics.

Anyone have any suggestions for a meeting place in the Greater New London area?

Another blow for corporate rights

The SEC takes care of business:

The U.S. Securities & Exchange Commission (SEC) has proposed changes that could prevent many shareholders from raising issues of social and environmental corporate responsibility.

Over the past few decades, shareholder resolutions have played a significant role in persuading major companies to improve their labor, environmental and corporate governance practices.

A simple proposal

The Fed has proposed a Plan To Curb Risky Lending which does not much for the past victims of predatory lending practices and appears to do not that much to prevent future abuse:

The plan includes provisions that would require more extensive disclosures, restrict advertising and make it harder to lend to borrowers with little or no documentation and a questionable ability to repay. It would also allow borrowers, in some circumstances, to sue lenders who violate the rules.

As a lawyer, I love that last line. What it really means is that in most circumstances the victims will be unable to sue for violations of the rules. But, I digress.

I’m well aware that simple solutions to complex problems are usually flawed. Nonetheless, in this case, I think there’s a simple solution that will be more effective than any disclosure requirements could possibly be. This is not to say that the sleazy kickbacks, etc., should not be outlawed. But if you really want to stop this stuff, you make sure that the loss falls on the people who cause the problem. Most of these subprime loans were retained by the original lenders for periods of time that could easily be counted in nanoseconds. They had every incentive to lend, and no incentive to care about future defaults. Nothing in the above proposals changes that. My suggestion: no mortgage secured by residential real estate can be transferred, conveyed, securitized, etc. for a period of five years from closing. If such a transfer takes place, the mortgage and underlying obligation becomes null and void.

I’m sure that the people who brought us this world wide economic disaster could tell us why this would be a terrible idea, inasmuch as it would deprive people like them of the chance to make a lot of money off of other people’s misfortunes. I’m sure it would be mocked as at attempt to roll back the clock and that it would stifle creative financing and cut off some people from the American dream of homeownership (followed by home-losership). But I’m willing to bet it would result in lenders being a lot more prudent about the loans they make, almost as if they were lending out their own money.

This proposal, by the way, has the virtue of being self enforcing. Despite what Alan Greenspan now says, the Fed could have got out in front on this issue. It didn’t want to, and it won’t want to on some future date when it is once again run by the disciples of Ayn Rand.

Kabuki show

Today the Senate Judiciary Committee, its members still outraged at the fact that Mukasey has told them to stuff it on investigating the CIA or anything else, are now going through the same dance with the fellow he’s chosen to be his deputy. Mark Filip, who helped Bush steal the election in Florida, is everyone agrees, just the nicest guy. But will he commit to respecting Congressional prerogatives? Well, there he gets a bit fuzzy, and on the “is waterboarding torture” question, well he just has to defer to his boss, whose still thinking about it. Maybe, just maybe, Mukasey should undergo the procedure himself. That might help him make up his mind.

For better or worse, the waterboarding question has become emblematic of the contempt with which Congress is held by Bush and all his minions, and the confirmation process proves just how much that contempt is deserved. There seems to be no chance this fellow will be denied confirmation, even though everyone knows that once confirmed he will follow Mukasey’s lead and tell Congress that the actions of the executive are none of their business. Yet hope seems to spring eternal in the breasts of the assembled Senators, particularly Arlen Specter, who constantly decries the Administration’s lawlessness, yet constantly enables it.

Some highlights:

The nominee, Federal District Judge Mark F. Filip, said in response to senators’ questions that he considered waterboarding, which causes a drowning-like sensation in the person being questioned, to be “repugnant,” and that the issue for him is not an impersonal one.

“I don’t view that as some sort of abstract platitude,” said Judge Filip, who has been nominated to be deputy attorney general. “I had a grandfather who was in a German prisoner-of-war camp.”

More:

“That said,” the nominee went on, “the attorney general of the United States is presently reviewing that legal question.” With Attorney General Michael B. Mukasey studying the issue, Judge Filip said, “I don’t think I can or anyone who could be potentially considered for his deputy could get out in front of him on that question while it’s under review.”

Sen. Arlen Specter (R-Pa.), the panel’s ranking member, pushed Filip to agree that Congress had broad authority to launch investigations even as the Justice Department conducted its own. But Filip would not say that the department should defer to Congress. “I would hope, senator, not to have to pick between the two,” Filip said.

Would anyone like to make me a rich man and bet against me on two propositions:

1. Mukasey will not decide if waterboarding is torture until January 21, 2009, if ever.

2. Filip will choose between the two in a heartbeat, and he won’t be choosing Congress.

They all know it. He knows it. They know he knows it. And he knows that they know he knows it. And they all know, and he knows, that they’ll confirm him anyway.