Click here to view this media This is how blatant they are. Shameless, even. After talking it up the night before on Sean Hannity’s Fox News show, Dick Morris posted this on his site yesterday: About half of those who call themselves Republicans in the United States report that they watch Fox News every night and two-thirds say they watch it “several times a week or more.” 46% of Independents also watch Fox News that frequently. Even 21% of Democrats say they watch several times a week or more. Fox News’ market dominance among Republicans and Independents was not as evident in 2008 as it is today. Its growth in market share and ratings has been phenomenal. Now its impact is decisive in Republican primaries. In 2012, the Republicans and Independents that will choose the GOP nominee will be found w atching O’Reilly, Hannity, Beck, Shep Smith, Bret Baer, Megyn Kelly, Steve Doocey, Brian Kilmeade, and Gretchen Carlson. It is on their shows that the early narrowing down process will take place. Day after day, we will see all the candidates on Fox News. Not just in debates, but in frequent appearances on the opinion and news shows on the network. We will watch how they handle themselves, we’ll learn how they answer questions, and we’ll come to our decision. As such, the Republican nominating process will come to resemble American Idol where we watch them perform and vote on who we like the best. But now, surveys in Iowa and New Hampshire will show the same results as the rest of the country because all their Republicans will be watching Fox News – the same broadcast as the rest of us are seeing. Whatever local activity is going on in Des Moines or Cedar Rapids or Manchester or Concord will be drowned out by the constant coverage Republicans will be getting on Fox News. Correct me if I’m wrong, but did Mr. Dick Toe Sucker Morris just say voters won’t matter because Fox News will dictate the outcome? Did he? Really? Why yes, he did. And he restates that here: When the actual primaries take place, their results will tend to ratify the consensus the country has come to from watching Fox News . Americans will impose their views on the early primaries, not the other way around. A couple of thoughts on this. First, Morris either has a fetish about Sarah Palin’s toes or he’s delusional, because Rupert Murdoch has a real thang for Li’l Miss “I’mJustARealPersonWithaTouchofSnark” Palin, and he’d like nothing more than for her to run in 2012. Murdoch is lost in his ” Nixon with lipstick ” fantasy for sure. Second, and more importantly, can we please finally just lose the “fair and balanced” nonsense Fox News peddles and get down to figuring out what the value of the in-kind contribution is when an entire 24-hour cable news channel is devoted to not only covering just one side of the primary races, but also determining the outcome?
Continue reading …After a brief moment of bipartisan-themed grandstanding the day before, things got back to normal on Capitol Hill on Wednesday, with Senate Republicans plotting to make the most of the next few weeks by doing their darndest to derail any Democratic-backed legislation in the works.
Continue reading …Click here to view this media Apparently I’m not the only one that caught this segment with Rep. John Shadegg on Morning Joe and was completely appalled. With unemployment benefits set to expire for hundreds of thousands of Americans, we get this joker coming on the air and claiming that unemployment benefits aren’t stimulative to the economy and those Bush tax cuts for the rich are. Republicans really are determined to completely destroy the US economy. Tax cuts for the rich and the rest of you can eat cake. Rep. Shadegg Scoffs At The Fact That Jobless Benefits Are A Benefit To The Economy: ‘No, They’re Not!’ : According to calculations by the Congressional Budget Office , Moody’s Economy , and myriad other economists , unemployment benefits are the single best way to pump money into the economy and generate economic activity, as the unemployed are very likely to spend all of the benefits they receive (thus moving money into local businesses). But during an interview with MSNBC’s Mike Barnicle today, Rep. John Shadegg (R-AZ) scoffed at the notion that unemployment benefits help the economy. “Unemployed people hire people? Really? I didn’t know that,” Shadegg jeered: BARNICLE: What about the fact that unemployment benefits pumped into the economy are an immediate benefit to the economy? Immediate… SHADEGG: No, they’re not! Unemployed people hire people? Really? I didn’t know that. BARNICLE: Unemployed people spend money Congressman, ’cause they have no money. SHADEGG: Aha! So your answer is it’s the spending of money that drives the economy and I don’t think that’s right. It’s the creation of jobs that drives the economy… Actually, the truth is the unemployed will spend as little of that money as they possibly can. Job creators create jobs. BARNICLE: Have you ever been unemployed? Have you ever been unemployed? SHADEGG: Yes, I have. BARNICLE: What did you do with the money? Save it? Go read the rest of the post for more from Think Progress on why Shadegg is just dead wrong here and on the damage not extending unemployment benefits is going to do to our economy. And as they also noted, Shadegg saying he’s going to be unemployed soon is likely of little consequence to him. And while Shadegg joked that he will be unemployed come January since he is retiring from Congress, next year he will be eligible for a federal pension (if he opted for one), as he is turning 62 and served on Capitol Hill for more than five years. Given his resume , I would imagine some Republican lobby shop has got a cushy job waiting in the wings for him as well.
Continue reading …prosperitynotausterity on livestream.com. Broadcast Live Free The American Prospect, Demos, the Economic Policy Institute, The Century Foundation, the Center for Economic and Policy Research, and the Roosevelt Institute are hosting live a panel featuring Nobel Laureate Joseph Stiglitz, Dean Baker, Nancy Altman, John Irons, and Robert Kuttner to discuss real and better alternatives to the Catfood Commission’s recommendations . More info available at OurFiscalSecurity.org . This is what AFL-CIO’s President Richard Trumka had to say about the Deficit Commission’s recommendations: With this report the Deficit Commission once again tells working Americans to ‘Drop Dead.’ No proposal on fiscal issues is serious that leaves the Bush tax cuts for the rich in place while raising taxes on the middle class and slashing Social Security and Medicare. All commission members should vote no on this misguided plan. All members of Congress should also oppose these job-killing policies if they are raised in future legislation or budgets. Our nation IS facing an immediate jobs crisis. Last night 800,000 Americans lost their unemployment insurance, and that number will grow to two million by Christmas. One hundred workers from across the country have come to Washington today to lobby Congress to extend unemployment insurance. It is unconscionable that this commission is proposing to slash these very workers’ Social Security and Medicare. This whole discussion reeks of hypocrisy. The faux deficit hawks on the commission – and Senators who claim unemployment insurance must be paid for — have no problem clamoring for more unpaid Bush tax cuts for millionaires. We need to focus now on the jobs deficit. Fifteen million people are out of work, and another eleven million have given up looking or are working part-time involuntarily. We need to invest in jobs by rebuilding our crumbling infrastructure and green technologies and end tax breaks that send American jobs overseas. To address long-term deficit issues the AFL-CIO supports the core principles underlying the “Investing in America’s Economy Budget Blueprint.” We need to put jobs and economic growth first; we must invest in education and infrastructure to be competitive in the 21st century; Wall Street and the wealthy must bear their share of the burden; and we need to deal with the growth of health care costs. It’s not too late for you to contact your congress critters and ask them to reject making any cuts to Social Security . Enough people called yesterday to actually bring down the Congressional switchboard. Please call 1-866-529-7630 now.
Continue reading …enlarge Everyone ready for some fun?!!?! I thought so!!!! Here’s today’s Bell: I wish I could tell you guys that everything is going to be OK in the economy. I really, really, do. But I can’t : President Barack Obama directed Treasury Secretary Timothy Geithner and budget office director Jack Lew to lead negotiations with congressional Republicans to break a stalemate on extending Bush-era tax cuts. After meeting for almost two hours with Republican and Democratic congressional leaders at the White House, Obama said that both sides agree action is needed to extend tax cuts to middle-income families before the end of the year even as they remain divided on tax rates for the wealthiest Americans. “There must be some sensible common ground” to resolve differences on taxes, Obama said. He said he appointed Geithner and Lew “to break through this logjam.” I can’t wait to see what compromise Tim “Voice of the People” Geithner agrees to. My prediction: The rich get to keep every single tax cut in the original Bush package. This will be offset by raising taxes on the unemployed to get them to pay for their unemployment benefits. Obama will hail the deal as “an example of how bipartisanship can foster a sense of shared responsibility.” On the happier side of things, it looks as though WikiLeaks is going to dump a bunch of dirt on one of our esteemed major financial institutions: In an exclusive interview earlier this month, WikiLeaks founder Julian Assange told Forbes that his whistleblower site will release tens of thousands of documents from a major U.S. financial firm in early 2011. Assange wouldn’t say exactly what date, what bank, or what documents, but he compared the coming release to the emails that emerged in the Enron trial, a comprehensive look at a corporation’s bad behavior. “It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume,” he told me. This sort of talk makes me feel all tingly inside. Early speculation is that Assange has the goods on Bank of America, whose shares dropped by 3.18% yesterday to close at $10.95. Fortune’s Colin Barr tries to throw ice down my pants , however, by noting that these revelations aren’t likely to hurt the banks’ reputations any further: But consider that the main effect of the previous WikiLeaks episodes was to expose official hypocrisy. When you consider what bad actors the banks have already shown themselves to be, it is sort of hard to imagine what damage Assange might actually expect to do. “What else can you possibly do to embarrass these guys?” asks FusionIQ’s Barry Ritholtz, who spent much of the last few months chronicling how the banks have defrauded homeowners and investors in mortgage securities. “The bar is so high. We may find out some stuff about their lobbying before the bailouts, but that doesn’t look bad for them as much as for the government.” But, like, here’s the thing. I don’t care about their reputations being harmed. What I care about is SEEING A BUNCH OF THESE SOB’s THROWN INTO JAIL . Yeah, I know, I know, we never throw our corporate overlords into jail because they’re special wealth leprechauns who will stop making mortgage-backed pots of gold if we hold them accountable for criminal behavior. But I can dream, can’t I? And speaking of “Bank of America” and “criminal behavior,” take a look at this : Testimony by a Bank of America Corp. employee in a New Jersey personal bankruptcy case may give more ammunition to homeowners and investors in their legal battles over defaulted mortgages. Linda DeMartini, a team leader in the company’s mortgage- litigation management division, said during a U.S. Bankruptcy Court hearing in Camden last year that it was routine for the lender to keep mortgage promissory notes even after loans were bundled by the thousands into bonds and sold to investors, according to a transcript. Contracts for such securitizations usually require the documents to be transferred to the trustee for mortgage bondholders. In the case, U.S. Bankruptcy Judge Judith H. Wizmur on Nov. 16 rejected a claim on the home of John T. Kemp, ruling his mortgage company, now owned by Bank of America, had failed to deliver the note to the trustee. That could leave the trustee with no standing to take the property, and raises the question of whether other foreclosures could similarly be blocked. Barry Ritholtz has a detailed rundown of why banks playing fast and loose with the transfer of notes fundamentally threatens basic property rights. And on the investor side of things, Yves Smith describes how anyone who invested in a mortgage-backed security basically has no right to claim mortgage payments if the note wasn’t properly transferred to the trust. These revelations are making the banks poop their pants, since they could face a double whammy of having foreclosures blocked *and* having investors sue the crap out of them for selling them fraudulent securities. As Georgetown Law professor Adam Levitin noted in his testimony before the House Financial Services Committee last month: Recently, arguments have been raised in foreclosure litigation about whether the notes and mortgages were in fact properly transferred to the securitization trusts. This is a critical issue because the trust has standing to foreclose if, and only if it is the mortgagee. If the notes and mortgages were not transferred to the trust, then the trust lacks standing to foreclose… If the notes and mortgages were not properly transferred to the trusts, then the mortgage-backed securities that the investors’ purchased were in fact non-mortgage-backed securities. In such a case, investors would have a claim for the rescission of the MBS, meaning that the securitization would be unwound, with investors receiving back their original payments at par. Wheeeeeeeee! And finally, Paul Krugman notes that Italian bond yields are skyrocketing too. This is bad because if there ain’t enough money out there to bail out Spain, there definitely ain’t enough money out there to bail out Italy. Wait, what’s that you’re asking? Why of course gold futures traded higher today ! Have a great start to your December, peeps!
Continue reading …At the top of Wednesday's CBS Early Show, fill-in co-host Erica Hill fretted over Republicans pledging to focus solely on economic issues in the lame duck session of Congress: “Gridlock alert. Just one day after promising to work together while meeting with President Obama, GOP leaders may now put a halt on cooperating with Democrats on Capitol Hill. So will Washington find itself at a standstill?” Moments later, co-host Harry Smith lamented how “the spirit of cooperation between Republicans and Democrats after yesterday's White House summit seemed to fade quickly.” In the report that followed, senior White House correspondent Bill Plante solely blamed the GOP for the division: “There are new questions this morning about just how sincere the spirit of cooperation in Washington really is. CBS News has confirmed that Senate Republicans have collected signatures on a letter which pledges to block everything unrelated to tax cuts and spending during the lame duck congress.” read more
Continue reading …The push is on to help pass the DREAM Act, and a new ad was just put out with help from the usual good souls. America’s Voice: With both chambers of Congress planning to take up the DREAM Act this year, students who would benefit from the legislation are joining with labor and immigration reform advocates will unveil a six-figure ad buy in Spanish and English media. The ad campaign, co-sponsored by America’s Voice , SEIU , Reform Immigration for America , Center for Community Change , and AFL-CIO , targets senators whose votes will be crucial to passing the DREAM Act, and will run in Florida, Maine, Massachusetts, Nevada, and Texas. The DREAM Act , a bipartisan bill that is supported by 66% of the American people , would enable young people who came to the country as children, but lack legal immigration status, to enlist in the U.S. military or attend college on their way to becoming full U.S. citizens. Seventy-five percent of Latino voters say passing the DREAM Act in short order is either extremely important or very important. Harry Reid spoke out and is moving a vote forward on the DREAM Act. It’s good to see him not forsake those that helped him the most. Huff Post: Senate Majority Leader Harry Reid (D-Nev.) announced on Tuesday that he is moving on a major piece of immigration legislation in the coming days, bringing the DREAM Act one step closer to becoming a reality. His comments followed a meeting with the Democratic caucus, in which several senators vocally urged their colleagues to make the legislation a priority. In the caucus meeting, Reid discussed DREAM Act, and according to a Democratic source, Sen. Maria Cantwell (D-Wash.) was “very very vocal” in telling the other lawmakers that they need to make the vote a priority. — According to a senior Democratic Senate aide, Sens. Claire McCaskill (Mo.), Kay Hagan (N.C.) and Mark Pryor (Ark.) are the three Democratic senators who have not yet stated a position on the DREAM Act and could be potential “yes” votes. There was some chatter amongst pro-DREAM Act supporters in recent days that Sen. Ben Nelson (D-Neb.) could also be on board, but his office confirmed to HuffPost that he is voting “no.” You can always count on Ben Nelson to do the wrong thing. It’s still going to be tough going. President Obama told me over a month ago that many members of Congress who once supported the legislation and even co-sponsored it from both sides of the aisle were now afraid to move forward, but things seem to be moving in a positive direction since the election. And WTF is wrong with McCaskill?
Continue reading …Harry Reid better get his ass in gear and change the Senate filibuster rules, pronto. Because as long as we have a president who brings Bipartisanship, his rubber ducki e, to a gunfight, this isn’t going to change : WASHINGTON – Senate Republicans intend to block action on virtually all Democratic-backed legislation unrelated to tax cuts and government spending in the current postelection session of Congress, officials said Tuesday, adding that the leadership has quietly collected signatures on a letter pledging to carry out the strategy. If carried out, it would doom Democratic-backed attempts to end the Pentagon’s practice of discharging openly gay members of the military service and give legal status to young illegal immigrants who join the military or attend college. Senate Majority Leader Harry Reid has made both measures a priority as Democrats attempt to enact legislation long sought by groups that supported them in the recent midterm elections. A nuclear arms treaty with Russia that President Barack Obama wants ratified would not be affected, since any debate would take place under different rules than those that apply to legislation. Even so, its passage is not assured as Republicans are seeking concessions from the White House. Officials who disclosed the new Republican maneuver did so on condition of anonymity, saying they were not authorized to discuss it. It was not known how many of the Senate’s 42 Republicans had signed the draft letter, which the leadership intends to make public quickly.
Continue reading …enlarge What’s the difference between Richard Nixon and Sarah Palin? Lipstick . (Well, that and military service, graduate education, a keen intellect, years of national political experience and a proven grasp of policy foreign and domestic.) But as a fellow ” serial collector of resentments “, the half-term Alaska governor is Nixon’s heir. When it comes to the paranoid style, the politics of payback, the perpetual war on the press and the championing of “real Americans” versus supposed elites, the Mama Grizzly is the second coming of Tricky Dick. On Thanksgiving of all days , Sarah Palin was her Nixon best in attacking the president and the press. Furious about the understandable media reaction to her gaffe about ” our North Korean allies ,” the pitbull in lipstick took to Facebook to again complain that the media did not show “some consistency on this issue” and “completely makes things up without doing even rudimentary fact-checking.” That online outburst followed her declaration on Fox News earlier in the week that: “I want to help clean up the state that is so sorry today of journalism. And I have a communications degree. I studied journalism, who, what, where, when, and why of reporting. I will speak to reporters who still understand that cornerstone of our democracy, that expectation that the public has for truth to be reported. And then we get to decide our own opinion based on the facts reported to us.” As it turns out, Sarah Palin is just reading from the Richard Nixon playbook . In 1972, just one month after defeating George McGovern in an epic landslide, Nixon summed up his press bashing Henry Kissinger. As CBS recounted: “Never forget. The press is the enemy. The establishment is the enemy. The professors are the enemy.” Almost shouting he repeated, “professors are the enemy!” He told former Harvard professor Kissinger, “Write that on a blackboard 100 times and never forget it.” And to be sure, those professors are just part of the “elite” supposedly out to get Nixon and Palin alike. Just days after her nomination by John McCain, Palin set the tone by protesting, “I’ve learned quickly these past few days that if you’re not a member in good standing of the Washington elite, then some in the media consider a candidate unqualified for that reason alone.” Launching her Going Rogue book tour last year Palin told Rush Limbaugh, “I’m not trying to reach the liberal elites in this country, and it’s a good thing I’m not trying to, ’cause I’m not succeeding there.” And after Barbara Bush said of Palin, “I think she’s very happy in Alaska, and I hope she’ll stay there,” the average hockey mom punched back: “I don’t want to sort of concede that we have to get used to this kind of thing because I think the majority of Americans don’t want to put up with the blue bloods — and I say it with all due respect because I love the Bushes — but the blue bloods who want to pick and choose their winners instead of allowing competition to pick and choose the winners.” (Ironically, Nixon himself said of Barbara Bush , “she knows how to hate.”) Of course, from the beginning those same blue bloods were the bane of Richard Nixon’s existence. As Aaron Astor explained last year in his review of Rick Perlstein’s excellent Nixonland : At Whittier College, Nixon’s alma mater, there was the social “in” crowd that formed an elite social club called the Franklins. Only the wealthiest students could deign to join the Franklins. Young Nixon, ever the outcast in this circle joined with his fellow shunned lumpenproletariat and formed a rival group called the Orthogonians. The word implied that the group rejected the elitist assumptions of the Franklins and refused to cede social authority to the well-to-do. That proud chip on the shoulder, on display at Whittier and later at Duke law school, would be a hallmark of Nixon’s politics. But if “Richard Nixon mastered the art of self-pity and resentment,” after her journey through five colleges Sarah Palin mastered it as well. As Picasso famously said, “Bad artists copy. Good artists steal.” And to be sure, the Orthogonian Palin stole Nixon’s applause line about ” egghead ” Adlai Stevenson and redeployed it against “community organizer” Barack Obama. As she sneered earlier this year : “In these volatile times when we are a nation at war, now more than ever is when we need a commander-in-chief, not a constitutional law professor lecturing us from a lectern.” Implicit in her criticism of Professor Obama is an accusation of weakness. With her now trademark ” man up ” sound bite directed at both GOP leaders and an “impotent” and “limp” press , Palin routinely calls her enemies’ manhood into question. And that includes the President. When it comes to illegal immigration , Palin declared: “Jan Brewer has the cojones that our President does not have. If our own president will not enforce a federal law, more power to Jan Brewer.” It’s not hard to imagine Palin simply substituting Obama for Stevenson and terrorists or illegal immigrants for communists in Nixon’s infamous smear : “Adlai the Appeaser…got a Ph.D. from Dean Acheson’s College of Cowardly Communist Containment.” Importantly for Nixon and Palin alike, the professors and students, the intellectuals, activists and their ilk are not real Americans . From the 2008 campaign on, Palin updated and repackaged Nixon’s famous ” silent majority .” As she put it during an October 2008 rally in North Carolina, rural Republicans are the real Americans : “We believe that the best of America is not all in Washington, D.C. We believe” — here the audience interrupted Palin with applause and cheers — “We believe that the best of America is in these small towns that we get to visit, and in these wonderful little pockets of what I call the real America, being here with all of you hard working very patriotic, um, very, um, pro-America areas of this great nation.” Like Nixon and other Republicans, Palin proclaimed the superiority of Heartland values to be self-evident. As she put it two years ago, “I think we need a little bit of reality from Wasilla Main Street there, brought to Washington.” To be sure, part of what Sarah Palin wants to bring to Washington from Wasilla is her politics of payback . As Troopergate among other episodes show, Sarah Palin like Richard Nixon was quick to deploy the resources of government against her political opponents and personal enemies. As for her back taxes, RNC haul, ethics violations, travel per diems and the like , it’s not hard to imagine Palin with her own Plumbers and Enemies List in the Oval Office insisting , “When the President does it, that means that it’s not illegal.” As for his political opponents, President Nixon on his last day in office made clear it was all about the hate : “Always remember that others may hate you but those who hate you don’t win unless you hate them. And then you destroy yourself.” And so it was this weekend, the former Alaska Governor turned Fox News regular channeled Tricky Dick in defending her teenage daughter’s use of an anti-gay slur: “People probably think that my greatest frustration is the lies that are told in the tabloids and on hateful blogs full of anonymous sources about my family … and there are constant everyday lies that we have to read that are out there in the public. But my family and I…thick skin…we can take it, you know…we can take what the haters say despite the fact that there’s injustice in the situation. “I mean, look at the other day. Willow, finally, my 16 year old, she had had it up to here with somebody saying very, very hateful things about the family and saying mean things about her little brother Trig, and Willow finally responded and she used a bad word when she responded in defense of her family. And her response became national news, even hard news copy it turned into, so that’s ridiculous and I had to explain to her, ‘Willow, there is no justice here but you have to just zip your lip and let’s move forward.’” (If this sideshow provoked that kind of wrath, one can only imagine Sarah’s fury when former GOP Congressman and MSNBC host Joe Scarborough urged Republican leaders to “man up” and “take on Palin.”) As he left under the cloud of Watergate in August 1974 , President Nixon told the American people: “I have never been a quitter. To leave office before my term is completed is opposed to every instinct in my body. But as president I must put the interests of America first Therefore, I shall resign the presidency effective at noon tomorrow.” Thirty-five years later, Governor Sarah Palin experienced no such qualms as she left office. Her resignation was not the driven by the lure of millions of dollars, she claimed. Instead, she insisted, ” It’s all for Alaska ” and offered her now classic inversion of reality : “It may be tempting and more comfortable to just keep your head down, plod along, and appease those who demand: “Sit down and shut up”, but that’s the worthless, easy path; that’s a quitter’s way out.” So much for Tricky Dick’s admonition that “A man is not finished when he is defeated; he is finished when he quits.” Then again, Richard Nixon never met a Mama Grizzly. Not long before his assassination in 1968, Robert F. Kennedy said of the man who would soon be in the White House, “Richard Nixon represents the dark side of the American spirit.” RFK never met Sarah Palin. (An earlier version of this piece appeared at Perrspectives .)
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