Tuesday, September 6, 2011

Charley Sheen's Almost Too-Easily Questioned Credibility, Rich 9/11 Stage Effects, Kru(l)man's Straining Facts and Obama's Recurring Sorrow Equals Show Over




Frank Rich- Ten Years After September 11 - The 9/11 Decade - New York Magazine


In retrospect, the most consequential event of the past ten years may not have been 9/11 or the Iraq War but the looting of the American economy by those in power in Washington and on Wall Street. This was happening in plain sight—or so we can now see from a distance. At the time, we were so caught up in Al ­Qaeda’s external threat to America that we didn’t pay proper attention to the more prosaic threats within.

In such an alternative telling of the ­decade’s history, the key move Bush made after 9/11 had nothing to do with military strategy or national-security policy. It was instead his considered decision to rule out shared sacrifice as a governing principle for the fight ahead. Sacrifice was high among the unifying ideals that many Americans hoped would emerge from the rubble of ground zero, where so many Good Samaritans had practiced it. But the president scuttled the notion on the first weekend after the attack, telling Americans that it was his “hope” that “they make no sacrifice whatsoever” beyond, perhaps, tolerating enhanced airline security. Few leaders in either party contradicted him. Bush would soon implore us to “get down to Disney World in Florida” and would even lend his image to a travel-industry ad promoting tourism. Our marching orders were to go shopping.

From then on, it was a given that any human losses at wartime would be borne by a largely out-of-sight, out-of-mind, underpaid volunteer army and that the expense would be run up on a magic credit card. Even as the rising insurgency in Iraq began to stress American resources to the max in 2003, Bush doubled down on new tax cuts and pushed through a wildly extravagant new Medicare entitlement for prescription drugs to shore up his reelection prospects with elderly voters. David Walker, then the comptroller general, called it “the most reckless fiscal year in the history of the republic.” But Americans took the money and ran, and the same partisan voices now screaming about deficits in Washington remained mum as the cascade of red ink soared into the multitrillions.

By portraying Afghanistan and Iraq as utterly cost-free to a credulous public, the Bush administration injected the cancer into the American body politic that threatens it today: If we don’t need new taxes to fight two wars, why do we need them for anything? But that’s only half the story in this alternative chronicle of the decade’s history. Even as the middle class was promised a free ride, those at the top were awarded a free pass—not just with historically low tax rates that compounded America’s rampant economic inequality but with lax supervision of their own fiscal misbehavior.

It was only a month after 9/11 that the Enron scandal erupted, kicking off a larger narrative that would persist for the rest of the decade. The Houston energy company was a corporate Ponzi scheme that anticipated the antics at financial institutions, mortgage mills, and credit-rating agencies during the subprime scam. Enron had also been the biggest patron of Bush’s political career, and so the president dutifully promised a crackdown, with a new “financial crimes SWAT team” and “tough new criminal penalties for corporate fraud.” But this propaganda campaign was no more reality-based than the one that would promote Saddam’s weapons of mass ­destruction. Once the Enron collapse became old news, federal regulatory agencies and law enforcement were encouraged to go fishing as the housing bubble inflated and banks manufactured toxic paper that would send America and the world into a ruinous dive rivaling bin Laden’s cruelest fantasies.

It is that America—the country where rampaging greed usurped the common good in wartime, the country that crashed just as Bush fled the White House—that we live in today. It has little or no resemblance to the generous and heroic America we glimpsed on 9/11 and the days that followed. Our economy and our politics are broken. We remain in hock to jihadist oil producers as well as to China. Our longest war stretches into an infinite horizon. After watching huge ­expenditures of American blood and ­treasure install an Iran-allied “democracy” in a still-fratricidal Iraq, Americans have understandably resumed their holiday from history where it left off, turning their backs on the Arab Spring

Another look at history tells us:

Facts That Strain Personal Incredulity

Tuesday 6 September 2011

Paul Krugman, Krugman & Co.

Somewhere in his writings Richard Dawkins, the British evolutionary biologist, talks about anti-evolution types who argue from personal incredulity — they say, “I just can’t believe that chance could create something as complex as an eye,” and think that they have scored an important point. All they’ve actually done, of course, is rehash their prejudices. (Simulations show, by the way, that chance plus selection can indeed create an eye, in a relatively short time as evolutionary history goes.)

I’m getting the same kind of thing a lot on issues macroeconomic. People write and say, “I can’t believe that you are asserting that X. You must be an idiot.”

The point, of course, is that your personal incredulity counts for nothing. I’m basing what I say on a model; the model may not be right, but it does represent some hard thinking conditioned by evidence. If you have a different model, fine; but if all you have to counter my model is a set of prejudices, you don’t have an argument.

Unfortunately, the argument from personal incredulity isn’t restricted to right-wing hacks. My sense is that a lot of what’s going on in our ongoing policy disaster is that important people, up to and including the president, just find it implausible that such a big crisis could be essentially a problem of coordination, whose fix need not, in fact should not, involve inflicting a lot of punishment on working Americans. And so our whole policy discourse has shifted to pain and punishment, gratuitously.

But back to my main point: if you just can’t believe I’m saying the things I say, at least consider the possibility that you’re the one who just doesn’t get it.

Coal Mines and Aliens

Nobody seems to have noticed that my suggestion during a recent appearance on the CNN program “Fareed Zakaria GPS” that a fake alien threat would end the economic slump was nothing more than an updated version of John Maynard Keynes’s “coal mine” thought experiment.

According to his “General Theory of Employment, Interest and Money”: “If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is. It would, indeed, be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing.”


Mr. Keynes then goes on to explain that the actual business of gold mining — in which basically useless ore is mined and refined at great cost, then sent to sit idle in the basements of central banks — is for all practical purposes identical to his coal mine idea.

He was right then, and I’m right now — and if you find it strains your personal credulity, so what?

And you know how your email will many times straighten out your thinking on exactly what's left to say in your most recent essay? Today's did.

Commentary from a very good friend of mine on September 5, 2011, on Obama, his speech, his campaign, and his demise as a rational person's choice for President:

it has not become 'almost painful' to listen to him

its vomit-inducing....soul-killing....run-screaming-from-the-room horrifying to hear him

i'd rather be strapped to a chair and forced to watch 'night of the living dead' a hundred times (and such movies make me physically ill)

obama has killed any hope in me...for any govt of this country
not because the rethugs stop him....i could deal w/ that if he even once FOUGHT

but he is a duplicitous liar

a rethug-in-dem clothing who pretends to progressivism
while mocking us behind our backs and sucking rethuglican dicks
and i am done

Matt Taibbi tells us plainly:

by Matt Taibbi

I was in an airport in Florida yesterday and was forced into a terrible, Sophie's Choice-type choice.
I was hours early for a flight and stuck in a relatively small terminal crammed with people. Only one area in the whole wing had empty seats; an unused gate that contained a TV blaring the CNN broadcast of Obama's Labor Day speech at full volume.


So it was either sit underneath a full-volume broadcast of our fearless president bellowing out his latest hollow promises, or the hellish alternative: retreat to gates full of screaming five year-old children, all of them jacked up on sugar and bawling their eyes out because it was the end of Labor Day weekend and their cruel parents were dragging them home from Disneyworld.
I ended up choosing the screaming children. The one open seat in a nearby gate was next to an extended family of Indian tourists. A four year-old boy from that group wearing a cape and brandishing a plastic light saber thought it was funny when he kept saber-swiping at my knees. But sitting through that was better than having to listen to Obama drape himself in Harry Trumanisms and talk about "shared prosperity."
Obama hasn't been a total disaster on labor. Most notably, he stepped up in the Wisconsin mess and at least took sides in that debate, calling the push to end collective bargaining rights an "assault" on unions.But I remember following Obama on the campaign trail and hearing all sorts of promises before union-heavy crowds. He said he would raise the minimum wage every year; he said he would fight free-trade agreements.
He also talked about repealing the Bush tax cuts and ending tax breaks for companies that move jobs overseas.
It's not just that he hasn't done those things. The more important thing is that the people he's surrounded himself with are not labor people, but stooges from Wall Street.
Barack Obama has as his chief of staff a former top-ranking executive from one of the most grossly corrupt mega-companies on earth, JP Morgan Chase. He sees Bill Daley in his own office every day, yet when it comes time to talk abut labor issues, he has to go out and make selected visits twice a year or whatever to the Richard Trumkas of the world.
Listening to Obama talk about jobs and shared prosperity yesterday reminded me that we are back in campaign mode and Barack Obama has started doing again what he does best – play the part of a progressive. He's good at it. It sounds like he has a natural affinity for union workers and ordinary people when he makes these speeches. But his policies are crafted by representatives of corporate/financial America, who happen to entirely make up his inner circle.

I just don't believe this guy anymore, and it's become almost painful to listen to him.
Matt Taibbi
As Rolling Stone’s chief political reporter, Matt Taibbi's predecessors include the likes of journalistic giants Hunter S. Thompson and P.J. O'Rourke. Taibbi's 2004 campaign journal Spanking the Donkey cemented his status as an incisive, irreverent, zero-bullshit reporter. His books include Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History, The Great Derangement: A Terrifying True Story of War, Politics, and Religion, Smells Like Dead Elephants: Dispatches from a Rotting Empire.

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