Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

4/28/09

"About half the energy we use in America is wasted"

The BBC looks at the possibility of the USA "Innovating a way out of recession":

"About half the energy we use in America is wasted," says Dean Allen, the company's chief executive.

Half? That is an astonishing amount in a country that consumes as much as the US does.

"When it's free or cheap we tend not to focus on it."

The problem is how to divert the oil supertanker that is the US economy onto a more sustainable footing.

For many years there was not the political will to change. Now though more people here believe energy sustainability is important, either for the good of the environment, or to reduce America's dependence on foreign imports of oil.

4/9/09

CODEPINK Crash Economy Club Party

Good for them!
VIDEO: Protesters crash Summers talk
Two protesters from the activist group Code Pink jumped on stage during a speech by White House National Economic Council Director Larry Summers Thursday, calling Summers a “toxic mess” and demanding his resignation.

The disruption marked the second time in a week the group has interrupted a financial gathering. On Tuesday April 7, protesters from the group interrupted a speech by Goldman Sachs CEO Lloyd Blankfein.
Their politically correct message?

“We want our $$$$ Back!”

Darn frigin' right.

4/2/09

Just had to see what the other side is thinking...

Or not thinking, as is often the case:
There is a line. A fine line. One between functioning democracy, with government support and oversight, and a world with government control of a market, dictatorial in nature. No, Mr. President, you are not coming up on this line. No, Mr. President- look behind you.
Ok. Shall we start with no bid contracts dictated by the Bush regime? Halliburton anyone? Blackwater? KBR? No? Ah... GM:
In a shocking and daring move, the White House forced out the head of the General Motors Corporation, Rick Wagoner (Hartford Courant). There is a notion, one that assures me in my heart that small businesses can succeed and that the American Dream is still alive- the free and open market. If a small business owner has to be afraid that if his company is having an off quarter, he will be replaced at the will of the government, what incentive does he have to start his business and perform the truest act of economic stimulation?
How the heck do you go from GM as your point to small business? Ok... That twist was as senseless as, well... As the rest of your piece.
Entrepeneurship, risk-taking in the business realm create jobs, create money. Not an Auto-Czar, an executive branch position with complete regulatory authority over one of our most suffering industries. Because we all know that government is the solution to our problems.
Well, yes. Most moderate Americans do believe that government needs to provide adequate regulations and oversight after witnessing the full blown failure of Reagonomics amplified by the extremist free market run amok pirates that blew the economy up.
For years, Democrats have been saying that Republicans and George Bush and government caused the crisis we are in. Republicans have been saying that Democrats and Chris Dodd are responsible. When will either side smarten up and realize the simple issue at stake: government is responsible for the mess we're in.
It is the Democrats fault when they have the presidency, but everyone else's fault when the Republicans do... Now we can all understand what republicans mean by personal responsibility. They mean to blame their mistakes on everyone and everything else. The GOP and their corporatist policies didn't do this... Nuh-Uh! Gotcha.
Please, don't take this as an anarchal rant. I'm not anti-government. I'm just against more government than we can afford. Do we need a central, national authority? Yes. Does that central authority need to have the power to regulate everything that exists? No.
Trust me here... An Anarchist would be insulted by both your efforts and your disjointed logic so far. And we understand that the only thing you are against is good government because that does not fit your flimsy talking point frames. Witness the proof of that:
The economy goes up and down, much like a baseball team. Every once in a while, a manager is replaced because the team isn't doing so hot. We've all seen it. But that decision is up to each individual club, not the baseball comissioner. The comissioner's job is to ensure a level playing field (no pun intended) for each team in the league. Why can't government act the same way? If it had for the past 15 years, maybe none of this would have ever happened and we wouldn't be worried about government take overs of independent industries.
Clinton did it! Never heard that one before... And clearly you never really studied Reaganomics. Nor do you understand that you are undeniably living in the wake of its destruction.
Director of Auto Communities. Seems like a fun job. I find it hard to believe, however, that individual freedom is not at stake. I find it hard to believe that the American Dream is not at stake. A dream that relies on independent risk. Only in failure can you know success. I sure hope success isn't too far off. But then again, maybe I'm just dreaming.
Ooooh! Freedumb is on the march. Again. I hope you get to know much more about success in your own special way. Because America can not afford to see anyone as scatterbrained as this piece you wrote proves you are ever getting near the levers of power. And I sure as hell hope the GOP did not take the risk of giving you wingnut welfare to write this drivel. Though, I would not be surprised if they did. The right wing was never any good with money.

Witness the end of yet another conservative ideological economic meltdown:

The Failure of Conservative Ideology is NOW (AGAIN)

This is an unusually large excerpt from C&L's Barbara O'Brien:

A (Pretty) Short History of Wingnutism:
"By now you probably see where we’re going. “American Way” conservatism was the dominant political philosophy in the 1920s, and the nation was governed by its principles through the Harding and Coolidge administrations, from 1921 to 1929. Some historians call this decade “the Republican Era.” The vigorous progressivism of 1900-1916 was vanquished, and the labor union movement lost ground. In fact, the longer one looks at America in the 1920s, the more familiar it gets — corporate profits rising faster than worker earnings; a crackdown on immigration; culture wars led by an aggressive Christian fundamentalist movement; and tax cuts galore. If they’d had iPods back then, you’d hardly know the difference.

Of course, it would come to pass that the Republican who won the 1928 presidential election by a landslide, Herbert Hoover, was probably sorry he won. The stock market crashed in October 1929, which marked the beginning of the Great Depression. The Depression was caused by a number of interacting factors, and since it was a worldwide phenomenon you can’t blame the Republicans for all of it. But in the United States many of those factors were created, directly or indirectly, by “American Way” conservative policies. Among these factors were a wildly overheated stock market (security regulation was socialism, after all) and the maldistribution of wealth that resulted from laissez-faire business policies. Since President Herbert Hoover was a tried-and-true “American Way” conservative, he mostly was at a loss to solve the nation’s economic problems, even though he had almost all of his four-year term to do so. In 1932 the nation turned to a liberal Democrat, Franklin Roosevelt, to make things right.

Righties are quick to point out that the New Deal had a limited impact on the Depression, and that the nation’s economy didn’t really pull out of the slump until the industrialization of World War II — over which FDR also presided. (This is just one of many examples of righties taunting lefties for not cleaning up rightie messes they couldn’t clean up themselves; Iraq is another.) But New Deal programs had a longer-term success in fostering economic stability. Federal deposit insurance, unemployment insurance, Social Security, increased government oversight of securities, and other New Deal innovations made Americans’ economic lives more secure and created a buffer against many of the factors that cause economic depressions.

And considering that rightie counter-arguments to the New Deal usually advocate returning to the same governing philosophy that allowed the Depression to happen, you’ll forgive me if I don’t take them seriously.

Anyway, after the FDR landslide in 1932 it was clear the right wing had fallen from grace. Righties spent the rest of the 1930s seething with resentment and planning a comeback. And just when they had a shot at re-taking the White House — bam, World War II happened. And this made the American Right look doubly stupid, because for the most part righties in the 1930s were isolationists who had not only pooh-poohed the threat of the Third Reich but had actually admired Mussolini.

After World War II righties rebounded with a fury. They did this in large part by taking the issue of national security away from the Democrats. It’s important to understand that the Right managed this not because of anything they actually accomplished, but through a “compilation of hysterical charges and bald-faced lies,” to quote Kevin Baker in this Harper’s article, “Stabbed in the Back,” which I vigorously urge you to read.

Much of the Red Scare and McCarthyist hysteria of the late 1940s and 1950s were as much about slapping down liberals and Democrats as it was about national security. See the Kevin Baker article for details. See also Richard Hofstadter’s Anti-Intellectualism in American Life (Vintage/Random House, 1962), in particular pp. 41-42 (emphasis added):

The inquisitors were trying to give satisfaction against liberals, New Dealers, reformers, internationalists, intellectuals, and finally even against a Republican administration that failed to reserve liberal policies. What was involved, above all, was a set of political hostilities in which the New Deal was linked to the welfare state, the welfare state to socialism, and socialism to Communism. In this crusade Communism was not the target but the weapon, and it is for this reason that so many of the most ardent hunters of impotent domestic Communists were altogether indifferent to efforts to meet the power of International Communism where it really mattered — in the area of world politics."
Go read it.

See if you can easily pick out the parallels to many of the problems of today,
and maybe begin to realize that not only has "The Great Republican Experiment" failed miserably, but that now is not the first time it has failed miserably.

Never again.

This is the second time just in the last century that your conservative ideological whack-jobbery has proven itself worthy of nothing but ridicule and scorn. And thus it shall remain the butt of all jokes, for ever more.

Reagonomics, the GOP, the "I got mine-ism" free market juice box republicanism that you all emulate will merely be hilarious punchlines as your party sinks further and further into the abyss of a control by radical bigots, Christianists/Dominionists , outright loonies, and other failed warmongers.

4/1/09

The Economy: Literally Abandoning Ship

From the NY Times:

Boats Too Costly to Keep Are Littering Coastlines

They often sandpaper over the names and file off the registry numbers, doing their best to render the boats, and themselves, untraceable. Then they casually ditch the vessels in the middle of busy harbors, beach them at low tide on the banks of creeks or occasionally scuttle them outright.

The bad economy is creating a flotilla of forsaken boats. While there is no national census of abandoned boats, officials in coastal states are worried the problem will only grow worse as unemployment and financial stress continue to rise. Several states are even drafting laws against derelicts and say they are aggressively starting to pursue delinquent owners.

Some are doing it because they can no longer afford the upkeep (mooring fees, maintenance, etc.) and others are doing it to collect on the insurance, as well.

In other yachting news:

Federal agents seize Madoff's Palm Beach, Fla., mansion just hours after taking his yacht

3/24/09

12 Connecticut Towns Get Foreclosure Money

From the NewsTimes, 12 towns, including New Milford, will get some money to help fix up and fill many of the empty foreclosed homes:

NEW MILFORD -- Gov. M. Jodi Rell has identified New Milford as one of 12 cities and towns in the state eligible for $3.6 million in federal stimulus money to buy and upgrade foreclosure properties.

The intent is for towns, through their agencies or local nonprofit groups, to make the improved homes available as affordable housing to low- and middle-income families, officials said Friday.

State Department of Economic and Community Development spokesman Jim Watson said Friday it is uncertain how much money any of the towns will receive, but they can make applications based on need and capacity.

This will be in addition to $25 million in mortgage assistance funding Connecticut was given under the federal Neighborhood Stabilization Program. While even I view this as a great thing that we need to see done across the country, I just wish that actions like this had been taken early before many of these families had lost their homes. (And yes! I know I am biased in that department because of our experience with Countrywide...)

If you are on the edge of losing your home, HUD has some information that may help you while you wait to find out what sort of help may or may not come down from the State of Connecticut:

Guide To Avoiding Foreclosure

Whether you're in foreclosure now or worried
about it in the future, we have information that can help.

Get Help Now!

 - Talk to a foreclosure avoidance counselor
 - Talk to your lender
 - Find state and local foreclosure resources
 - Contact HOPE NOW

Keep Your Home

 - Are you at risk of foreclosure?
 - Tips for avoiding foreclosure
 - Foreclosure scams

Refinance Options

 - Learn about HOPE for Homeowners
 - Who to call when a lender won’t work with you

If You Can't Keep Your Home

 - Redemption period - your last chance to save your home
 - Local renting resources
 - Rental assistance
 - Relocation resources
 - U.S. Postal Service Movers Guide

Before you even consider trying to buy a home anywhere or anytime you might need some of this information:

 - Predatory lending - beware if you're buying or refinancing your home; don't become a victim of unfair lending practices

Stuff that I wish we had known about before we got stuck in the financial death spiral of our mortgage with Countrywide...

3/17/09

Step 2: Documenting Bushvilles

Welcome to America in decline:
"They are tagging us because we are homeless," she said, staring at her orange wristband. "It feels like a concentration camp."
We need to set out to document these atrocities in as much detail as we can. Are there any places like this near you:

Bushville, Ontario, California:
"Is a campground the solution to the problem of homelessness? The California City of Ontario thinks so."

Bushville, Los Angeles, California:
"Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis."

More:

"Large, often confused, crowds formed ragged lines behind police barricades where officers handed out color-coded wristbands. Blue meant they were from Ontario and could remain. Orange indicated they had to provide more proof to avoid ejection, and white meant they had a week to leave.

Pattie Barnes, 47, who had her motor home towed away last week, shook with anger.

"They are tagging us because we are homeless," she said, staring at her orange wristband. "It feels like a concentration camp.""

Welcome to free market America:
"It feels like a concentration camp."

Bushville, Sacremento, California:
"Some 300 people call a tent city in Sacramento home, including Tracy Vaughan, who moved to the city with her husband six months ago.

Via the AP, No Job - No Home:


As many as 1200 homeless?
"Some nearby homeowners have reportedly complained about the tent cities, but Sacramento's new mayor, former NBA star Kevin Johnson, has suggested that the tent cities might provide a temporary solution to the lack of shelter. As many as 1,200 people may be living in these tent cities, according to the local ABC 7 News."


Bushville, Reno, Nevada:
"A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer.

Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.

Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a "tent city" — an encampment of people who had nowhere else to go.

From Seattle to Athens, Ga., homeless advocacy groups and city agencies are reporting the most visible rise in homeless encampments in a generation."


Bushville, Santa Barbara, California:
"The relatively tony city of Santa Barbara has given over a parking lot to people who sleep in cars and vans."


Bushville, Fresno, California:
"authorities in Fresno are trying to manage several proliferating tent cities, including an encampment where people have made shelters out of scrap wood."

America the Beautiful:
3rd world shantytowns.

Bushville, Athens, Georgia:
"Wayne Hill packed up his meager belongings last week and moved his home deeper into the woods.

Hill's red tent and neighboring homes had inched too close to the nearby highway, and police told him to move.

"We've asked them to move back off the road a little bit," Athens-Clarke police Maj. Carter Greene said. "It seemed they were encroaching on Lexington Road."

snip

But Tent City limits slowly crept downhill, so now people look up from Lexington Road and a perimeter off-ramp to see campsites and junk piles."
Can you just imagine the horror of having to actually see the homeless?

Bushville, Seattle, Washington:
(Note: there are several - 5 or 6 - of them in Seattle)
"Activists point to the annual One Night Count as evidence that not enough shelter beds exist. During the count of the homeless in Seattle and other parts of King County on Jan. 25, volunteers counted 2,631 people sleeping in cars and trucks, doorways and parks and under highways, or walking around or riding buses to stay warm in freezing temperatures. When comparing similar areas counted a year ago, the number of homeless increased 15 percent.

An additional 2,515 people spent the night in emergency shelters, with 3,293 more in transitional housing, for a total of 8,439 homeless people."


Bushville, Nashville, Tennessee:
"To its credit, Nashville recognizes that there is a problem with the "system" and, as the community slowly works towards correcting these problems, understands that there is at least a temporary need for the existence of homeless encampments.

To its discredit, Nashville is currently engaged in dismantling Tent City, the largest (the population fluctuates wildly at times, but is consistently around 50) and oldest (in existence since the mid 1980s) homeless camp in the area, which is slated to close June 1, 2009; sooner if outreach workers are able to find housing for the remaining residents."


Bushville, Chatanooga, Tennessee:
"The demolition of Tent City left many of Chattanooga's homeless without a place to live.

But not so for one lucky man.

For the first time in six years Richard Waldrep has a home to call his own.

Waldrep has spent the last several years on the streets, for the last few months he called "Tent City" home.

But, now that home has been destroyed.

Due to safety concerns and liability issues Norfolk Southern Railroad bulldozed the property leaving Waldrep and almost 30 others to find another place to live. "


Bushville, St. Petersburg, Florida:
"Police officers with box cutters showed up where St. Pete's tent city residents had moved and set up. The cops slashed their tents to the ground as residents watched in shock. Now one homeless group is moving to label St. Petersburg as the 'meanest city in the nation.' Video by Tina May."



The police destroying the few meager belongings left to these homeless people. Is that what the mandate of police officers is supposed to include today? What happened to serve and protect?

Do you know of any of these tent cities or Bushvilles near you that the media has yet to disclose of? If you do... Links, photos, and videos need to be added to our own archives in order to document the widespread disaster that is a very result of this failed Bush economy and the free-market run amok.

Arthur Delaney at the HuffPo is attempting to document these stories. We should all be doing our part to identify these places:
There are reports of tent cities popping up across the country as unemployment rises in a worsening economy. The biggest and highest-profile shantytown is in Sacramento, where hundreds of newly-homeless tent residents are cooking soup in old coffee cans.

We want to know where else this is happening.

HuffPost readers: Is there a tent city near you? Have you noticed a newly-formed community of people living together in improvised housing in a public space? Email us! Send any information you've got (or pictures) to submissions+homeless@huffingtonpost.com.

Sacramento's KCRA reported this week that city officials plan to shut the tent city down:



While this is a good idea - documenting where they exist is really only Step 2 because it is an idea without a real humane purpose.

Rather than just documenting these stories, perhaps we should try to solve the problems? In some of these Bushvilles there are already people working to help fix the problems as both short term and long term solutions are needed.

In Portland, Oregon, many in the community are providing the elbow grease to make their tent city, Dignity Village, more livable for the short term and more effective at helping the people get back to work:
Many more community's across the country, have looked to us for answers to help the homeless population that is growing bigger each year. When People come out to visit us , they are amazed at what we have set up and how we help the 50 to 60 homeless people that live here at any given time, a stepping stone effect that gives each person living here a chance to help themselves regain a new start to gain main stream living again.

All of this comes from donations from viewers and visitors that help to support our goals.

Dignity Village has been working this way since 2001 and long before Bushvilles started popping up. I imagine that they are probably experiencing a huge surge in people needing their help as the economy has collapsed over the last few months.

The right did not solve the problem of Hoovervilles, but the left did with the bold and visionary leadership of FDR. Many on the right would like nothing more than to ignore Bushvilles because it exposes the reality of their political ideology taken to extremes.

We can and will solve the problem of Bushvilles.

I am no community organizer, but I imagine that we need to take these steps first:

1. Identify the major problem - done

2. Identify where it exists - ?

3. Identify problems that are more local to each area - ?

4. Get to work solving the short term problems on a local area needs basis - ?

5. Get to work solving the long term problems on a local area needs basis - ?

Are any of you up to a real challenge?

Are any of you interested in beginning Step 2 and starting to document as many of these tent cities and Bushvilles as we can? Searching for links, getting out in the streets and photographing and videoing these places AND, more importantly, documenting the problems they face so we can try to find real solutions would be no small undertaking.

2/17/09

GOP Votes Against Biggest Tax Cut In History

And the GOP is clueless as to what just happened:

The compromise stimulus plan includes $282 billion in tax cuts over two years.

According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.

As much as I was against most of the tax cuts, since we really need the money to bail out the failed republican economy of the bush years, it will be entertaining to watch the far right wing try to explain this.

[update] Just something fun to do when you are a sometime insomniac:



[ed. Note] Originally posted - 2/14/2009 12:52:00 AM Bump.

2/3/09

The Senate Stimulus Vote is in the Bag

Think about it. Obama just tapped Republican Senator Judd Gregg, who stood there at the press conference and said he supported the stimulus package, to be his Secretary of Commerce. If Obama was worried about it passing would he have pulled the one vote he needed to assure it passing in the Senate? If he did, he would have to be stupid. I doubt that is the case.

The only other reasoning there would be is if the Conservative Dems were trying to strip stuff or or the progressive caucus were holding it hostage to get more...

Someone get the video, please? lol

Side note: If anything needs to go from the stimulus, consideration for funding the mythical "clean coal" should be tossed. And the coal industry funded Obama local ads on TV aren't swaying me from that reality.
President Obama has been a longtime supporter of "clean coal," the still-illusory concept of coal-fired power plants that can capture and store the carbon emissions that they generate.

The environmental movement tends to view "clean coal" with skepticism at best and derision at worst -- and few projects epitomize the contentious debate over clean coal more than FutureGen, the $1.8 billion dollar plant slated to be built in the downstate town of Mattoon, Illinois.

The state's congressional delegation, including a pre-election Sen. Obama, has been pressing to restore government aid to FutureGen since the Bush administration abruptly cut off money for the project last year, citing excessive construction costs.

1/30/09

An Economically Created Health Care Disaster

And your state is sure to be suffering:

Medicaid rolls are surging, by unprecedented rates in some states, as the recession tightens its grip on the economy and Americans lose their employer-sponsored health coverage along with their jobs.” In many states, Medicaid rolls grew by 5 to 10 percent in the last year, often double the growth the previous year. Congress is likely to extend Medicaid aid to states in the upcoming stimulus package.
And, as early as March, Obama will be moving forward on health care reform, according to the Politico:
The move signals Obama’s intent to keep one of the most ambitious and politically crucial campaign promises at the top of his agenda. On the campaign trail, Obama pledged to provide universal health care by the end of his first term, but the severity of the economic downturn has raised doubts about how quickly he can deliver on that promise. Obama and his point person on health care, former Senate Majority Leader Tom Daschle, have staffed up like they plan to push forward with it, lining up a roster of communications and policy strategists to assist in the effort.
I wrote last week on a Tom Daschle statement that could be taken as a signal of which way Obama wants him to go:
Be still my single payer heart...

Via DCblogger at Corrente and emphasis mine:

Mercury News
Daschle, the point man for Obama's campaign to revamp the health care system, supports the concept of "a government-run insurance program modeled after Medicare." It would, he says, give consumers, especially the uninsured, an alternative to commercial insurance offered by companies like Aetna, Humana and WellPoint.

But the proposal is anathema to many insurers, employers and Republicans. They say the government plan would have unfair advantages, like the ability to impose lower fees, and could eventually attract so many customers that private insurers would be driven from the market. "The public plan option is a terrible idea — one of our top concerns in the health reform debate," said James Gelfand, senior manager of health policy at the U.S. Chamber of Commerce.

Why would employers object to a public plan that would be better and cheaper for their workers?
Here, not only do we have the right wing Chamber of Commerce health care Czar telling you flat out that the for profit health care providers can not compete in a free market with Medicare, a government run single payer program... But the fact that it starts with a Tom Daschle hint of things to come that damn near made me have a heart attack.
If this is the starting point of the health care debate than it is already over... (And, for a change of pace from the last 8 years, America wins!)
Anok, over at identitycheck, expanded on what this looked like to herself. And President Obama has this up at the White House website:
HEALTH CARE

On health care reform, the American people are too often offered two extremes -- government-run health care with higher taxes or letting the insurance companies operate without rules. President Obama and Vice President Biden believe both of these extremes are wrong, and that’s why they’ve proposed a plan that strengthens employer coverage, makes insurance companies accountable and ensures patient choice of doctor and care without government interference.

The Obama-Biden plan provides affordable, accessible health care for all Americans, builds on the existing health care system, and uses existing providers, doctors, and plans. Under the Obama-Biden plan, patients will be able to make health care decisions with their doctors, instead of being blocked by insurance company bureaucrats.

Under the plan, if you like your current health insurance, nothing changes, except your costs will go down by as much as $2,500 per year. If you don’t have health insurance, you will have a choice of new, affordable health insurance options.

Make Health Insurance Work for People and Businesses -- Not Just Insurance and Drug Companies.


  • Require insurance companies to cover pre-existing conditions so all Americans regardless of their health status or history can get comprehensive benefits at fair and stable premiums.

  • Create a new Small Business Health Tax Credit to help small businesses provide affordable health insurance to their employees.

  • Lower costs for businesses by covering a portion of the catastrophic health costs they pay in return for lower premiums for employees.

  • Prevent insurers from overcharging doctors for their malpractice insurance and invest in proven strategies to reduce preventable medical errors.

  • Make employer contributions more fair by requiring large employers that do not offer coverage or make a meaningful contribution to the cost of quality health coverage for their employees to contribute a percentage of payroll toward the costs of their employees' health care.

  • Establish a National Health Insurance Exchange with a range of private insurance options as well as a new public plan based on benefits available to members of Congress that will allow individuals and small businesses to buy affordable health coverage.

  • Ensure everyone who needs it will receive a tax credit for their premiums.

Reduce Costs and Save a Typical American Family up to $2,500 as reforms phase in:

  • Lower drug costs by allowing the importation of safe medicines from other developed countries, increasing the use of generic drugs in public programs, and taking on drug companies that block cheaper generic medicines from the market.

  • Require hospitals to collect and report health care cost and quality data.

  • Reduce the costs of catastrophic illnesses for employers and their employees.

  • Reform the insurance market to increase competition by taking on anticompetitive activity that drives up prices without improving quality of care.

The Obama-Biden plan will promote public health. It will require coverage of preventive services, including cancer screenings, and increase state and local preparedness for terrorist attacks and natural disasters.

A Commitment to Fiscal Responsibility: Barack Obama will pay for his $50 - $65 billion health care reform effort by rolling back the Bush tax cuts for Americans earning more than $250,000 per year and retaining the estate tax at its 2009 level.

In the boldly reddened part the key part of the plan is the opening up of the plan available to Congress members. The Federal Employees Health Benefits Program (FEHBP) offers many different choices for people that all include prescription drug benefits. While wildly varying in co-pay costs depending on the plan, the FEHBP offers no savings over a plan such a Medicare.

Another problem is the fact that NOWHERE does Obama's plan address the serious issues with private plans that create "Death by Spreadsheet", clearly the most immoral aspect of private plans.


  • No indication of how they would address insurance workers being paid bonuses for depriving clients - patients - of services that they have paid for in their premiums. Some have suffered for long periods of time battling for their rightful services to be paid for. Other people have died under these scenarios. That is a fact.

  • No indication of addressing caps on services - either over single delivery of a service, a short period of time (a month? a year?) or over a lifetime. I.E.: Last year I had some dental surgery done. That one procedure maxed out my benefits allotted for the year for surgical procedures. I have had to wait for January to roll around in order to schedule work that I needed done because I could not afford the costs out of pocket above the severely low maximum.
Similar problems are seen in all private plans.
A "maximum annual cap" on a health insurance policy is actually the total amount that the insurer will pay during a year. If you see this on your policy benefits sheet, you'll want to pay attention; a low maximum annual cap makes the policy nearly worthless. After all, the idea of insurance is to protect someone from high medical costs.
The black ink in the ledgers is being balanced by the red blood of those that die in the name of profitability.

I discussed Daschle's previous statement that would, IMHO, begin the end of private health plans that prey on its victims through their various uses of "Death by Spreadsheet." It is the long road plan to single payer and will expose the fact that the for-profit plans can not compete on a level playing field with any single payer program in the free market. The far right wing knows this and, considering the fact that 65% of Americans want single payer health care, the rest of America knows this as well.

Sixty-five percent of those polled said the United States should adopt universal health insurance that covers everyone under a program such as Medicare that is run by the government and financed by taxpayers. Fifty-four percent went where politicians dare not tread, saying they supported a "single-payer" health system whereby all Americans would get their health coverage from a single government plan financed by taxpayers.
To be clear, Medicare is a form of a single payer program.

But the republicans have so polluted discourse on this subject in the past that some Americans think that Single Payer is socialist. A blatant lie that the majority has seen through as they became better educated on this issue. Hell... There is even a Republican group for single payer, now. That is how mainstream this demand is becoming.

Via DCBlogger at Corrente, America has changed a lot in the last few years:

Let me explain where we are right now, it is like 1989 in Moscow. Glasnost is in effect, the old regime has lost what ever legitimacy it ever had and ordinary people are losing their fear. It still looks very formidable, but it is about to crumble.

That is where we are with health care. Everyone is still refighting 1994 without noticing that the entire political landscape has shifted. We didn't have anything like HealthCare-Now, Physicians for a National Health Plan, or California Nurses in 1994. We didn't have a National Day of Action with picketing in cities across the country. Single payer activists are playing the same role dissidents played in the fall of the Soviet Union. We are saying the unsayable and we keep saying it until it becomes obvious.

Specifically how do we get a bill passed? Given our support in the House of Representatives, I am confident that we can get a bill to pass. So how do we win the Senate? Well, to switch historical analogies, we need a Republican Senator to play de Klerk to Conyers Mandela. Someone needs to break ranks, and if we maintain pressure, someone will do so.

Which Republican Senators do you think we have the best shot of winning over?

The people want single payer and we need a strategy on how we can go about getting them one or two Republican Senators to support a plan like H.R. 676. The most popular single payer health care solution and one that will be a direct route to the holy grail of health care and eliminating the need to wait for the free market to prove what everyone already knows and aknowledges on all sides, as evident even by the other sides arguments.

It is all the cover the Democratic party needs to pass single payer and that is what it may come down to if we want to get what we deserve.

Which Republican Senator is really bi-partisan or, at least, bi-partisan enough to walk away from the insurance company Astroturf groups and the far right wing corporatists to support what the vast majority of Americans want and really do need if we are going to weather the shitpile created economic shitstorm?

Arlen Specter and the women on the Republican side of the aisle have shown a more reasonable record of supporting women's rights issues (Equal Pay - Pro-Choice) in the recent and distant past. Is it possible to exploit this for our important issue? I honestly don't know if the statistics of women's support for single payer would make this a feasible avenue to explore?

A good healthy portion of the information linked here is unashamedly and liberally taken from Corrente, though, this piece is written/assembled by myself (blockquoted text excepted) for my Blog and to share in ePpluribus Media's ongoing health care discussions - I believe that Corrente deserves a lot of props for the great work they are doing FOR YOU right now. You could thank them by financially supporting their efforts. Or even just stopping by their site and saying thanks. We need to kick the tires on all of the proposed health care solutions so we know what, exactly, they are trying to sell us.

Previous ePluribus Media pieces:

by Carol White:


  1. An Addition to the Discussion on Health Care Coverage

by Connecticut Man1:

  1. Be Still My Single Payer Heart

  2. How do you know Obama's health plan is bad for YOU?, Tue, 01/13/2009

  3. All That I Want..., Wed, 12/24/2008

  4. Single Payer Health Care Would Help Auto Industry, Tue, 11/18/2008

And a MUST-MUST read by DrSteveB:

  1. The Most Complete & Honest Comparison of Health Proposals...so far, Tue, 01/13/2009


[ed note] 1. 12:44 A.M. Jan. 23rd, 2009 - Extensive edits from the White House information on down to the end. 2. 4:32 P.M. Jan. 30th, 2009 Bumped to the top for more views - originally written 1/22/09 2:05 PM. CM1

1/26/09

This Modern World Downsized

If you read any of the papers that have carried Tom Tomorrow's This Modern World... Ya just might want to let them know you like his work before they do some more of that infamous conservative downsizing:
So this is what I was alluding to last Friday: Village Voice Media is hurting in this economy like everyone else, and their corporate response is to “suspend” cartoons and (I think) all other syndicated material across the chain, said suspension to last at least through the rest of the first quarter, and quite possibly beyond.
We don't want to see this poor guy become extinct, do we?

1/8/09

It is a rare day indeed

It is a very rare day when I click over to dKos and almost every single diary on the recommended list is about issues that are so serious I would recommend reading almost every single one. Too often the rec list is littered with the type of "rah-rah Democratic party cheerleading" junk and campaign fund raising that, while compatible to Markos stated goals for the site, are of little interest to everyone that is not in the Democratic party and that read and participate there simply because of the high quality thinking that gets put into so many issues.

Yeah... I know that we just got out of an election cycle and that is the main reason it has been so long since this is the case, but take a look at the diaries here:

Recommended Diaries (at dKos)

Criminally Investigating Not the Problem, But Rather the Person Who Raised the Problem
by Jesselyn Radack

60 comments (60 new)

"Mom, why did the Rabbi Lie?"
by ChuyHChrist

528 comments (528 new)

The Great Depression Pt. IV
by bonddad

77 comments (77 new)

Riots have begun here in Oakland [many updates]
by iliketodrum

527 comments (527 new)

Cut Social Security, Don't Tax The Rich: Where Is The Outrage?
by Tasini

88 comments (88 new)

Minnesota recount judge slams WSJ editorial
by Keith Pickering

223 comments (223 new)

MN-Sen events v. 47.1 While awaiting Trial
by WineRev

44 comments (44 new)

Have you lost your job and health insurance? Are you delaying care due to cost?
by nyceve

350 comments (350 new)

I really am glad the elections are over!

10/27/08

Banking Scam: Hate To Say I Told Ya So...

But I told ya so... Long before anyone else was telling you the truth:

60 Minutes' Steve Kroft examines the complicated financial instruments known as credit default swaps, and reveals how these little-known derivatives played a central role in precipitating the current market meltdown. In essence, speculators bet that homeowners wouldn't be unable to pay back their mortgages, and when those people started defaulting and the speculators tried to cash in their wagers, there was no money to cover the literally trillions of dollars in payouts. What it really boils down to is an unregulated gambling racket that Congress voted unanimously to create and legalize.

The world's financial system teetered on the edge again last week, and anyone with more than a passing interest in their shrinking 401(k) knows it's because of a global credit crisis. It began with the collapse of the U.S. housing market and has been magnified worldwide by what Warren Buffet once called "financial weapons of mass destruction."

They are called credit derivatives or credit default swaps, and 60 Minutes did a story on the multi-trillion dollar market three weeks ago. But there's a lot more to tell.

As Steve Kroft reports, essentially they are side bets on the performance of the U.S. mortgage markets and the solvency on some of the biggest financial institutions in the world. It's a form of legalized gambling that allows you to wager on financial outcomes without ever having to actually buy the stocks and bonds and mortgages.

It would have been illegal during most of the 20th century, but eight years ago Congress gave Wall Street an exemption and it has turned out to be a very bad idea.

Crooks and Liars has the video. And yep!

I told ya so.

Information and facts are the only things that will protect you from any attempts by the government to take your money and hand it over to the support the lavish lifestyles of these corrupt, reckless and foolish investors.

Bank Crisis 101 - The Simplest Explanation You Will Find

'Warren Buffett once called derivatives,
"financial weapons of mass destruction"'

They try to hide what it is using fancy words like credit derivatives. Over and over again they tell you it is too complicated for the average person to understand. They are lying to you. You can easily understand this if you read these pieces together. They keep talking about mortgages but they are the smallest part of this entire "shitpile." It is a scam and the bushies have been waiting for months to unleash this "crisis" as an election issue.

rdf at The EuroTrib sums it up in the simplest of terms for those of you that don't understand what the supposed bank crisis is all about:
The Crisis Explained - Really
by rdf
Thu Sep 25th, 2008 at 10:24:14 AM EST

Analogies are never perfect, but here's one using horse racing. Don't expect a perfect correspondence to the banking situation, but I think it is close enough for government work.

Joe goes to the track and bets $2 on a horse.

Two guys standing nearby get into a discussion and Fred says to Sam, "I'll bet you $5 that Joe wins his bet."

Next to them are Bill and Bob. Bill says: "I'll bet you $10 that Fred welshes on his bet if he loses."

Next to them is Sally. Sally says: "For $3 I'll guarantee to Bill that if Bob fails to pay off, I'll make good on the bet."

Sally then goes to Mary and borrows the $7 needed in case she has to ever pay off and promises to pay back $8. She doesn't expect to every have to pay since she believes Bob will always make good. So she expects to net $2 no matter what happens to Joe.

A quick calculation indicates that there is now 2+5+10+3+7 = $27 riding on the outcome of the horse race.

Question how much has been "invested" in the horse race?

Answer:

$50,000 by the owner of the horse who is expecting to recoup his investment from the winnings of the horse and other future deals. Everyone else is gambling, not investing.

The issue with the home market is that the only "investor" was the person who bought the home. All those engaged in the meaningless derivatives spun off from this are gambling. You can see how quickly the face value of all these side bets can exceed the underlying investment. Who is holding these side bets - not the homeowner? It is the people at the failing investment banks, hedge funds and similar enterprises. Notice that the bailout is being directed at them not the homeowners.

The real world is, of course, even more complicated. Over the last 30 years people have been allowed to place bets on everything starting with the value of stock averages. They might as well bet on the temperature in Newark at 8:00 AM.

So when you hear everybody saying this is a crisis caused by the housing collapse, be skeptical. We are in the midst of a classic pyramid or Ponzi scheme and there is no way out except for people to lose a lot of money. All that is different this time is that it is the taxpayers who are being asked for the cash.
I keep trying to explain to people how this is a scam and how the American people are going to be victims of it if they don't pay attention to it. They don't want you to know how simple this ripoff is.

Does that explanation above sound so complicated?
That is an explanation that needs to go viral!

And all you really need to know about this now is that the bushies have been holding on to this to use it as an election issue for quite a while.

The thing that really pisses me off - and that most of the people, journalists and politicians don't seem to get or, at least, some of them intentionally ignore - is that the mortgage aspect is just a tiny little part of the entire shitpile.

The mortgage part of it is what really started to show the cracks in this scam, and it is one of the very few parts of this ponzi scheme with real and tangible assets to show at stake - the bulk of the shitpile are scraps of paper with absolutely zero value.

While it may look superficially similar to the recent implosions of such investment giants as Fannie Mae, Freddie Mac and Lehman, the takeover and bailout of AIG is quite different, and means that the market is entering the next and even more dangerous phase. What is driving the fall of AIG – and potential government losses that may far, far exceed the $85 billion bailout announced late on September 16th - is not mortgages or real estate (directly), but fears that AIG’s huge, global credit-default swap positions will unravel. The $62 trillion dollar credit derivatives market is 50 times the size of the subprime mortgage derivatives market, and is indeed larger than the entire global economy.

Unfortunately, few people understand credit derivatives, or the full risks to the United States and global markets and economies. In this article, I will take a Credit Derivatives Primer that I published in the spring of 2008 - which anticipated this exact type of event - and update it for the current situation. Through reading this article, you should be able to greatly increase your knowledge of what credit derivatives are, and why they are a far greater danger than subprime mortgages. We will end with introducing some concepts about how individuals can protect themselves and even profit from these unprecedented market conditions – something you won’t find in recent financial history or conventional investments.

...snip...

On September 1st, few knew that AIG, the largest insurance company in the world with over $1 trillion in assets, was in deep trouble. By September 12th, the rumors about major trouble were everywhere. By September 15th AIG’s corporate life expectancy was being measured in days, and the question was: bankruptcy, buyer or bailout? By the evening of September 16th, the federal government had massively intervened, making an $85 billion loan to AIG in exchange for a controlling 79.9% equity share of the company.

Welcome to the brave new world of credit derivatives driven collapses. A world that is far more dangerous than the world of subprime mortgage derivatives. A complex world that because of its sheer size can potentially cause more damage in a matter of days than the subprime mortgage derivatives caused in their first year in the headlines.
Go to the following link and apply what you learned from the horse race to it remembering that a credit derivative is just a bet or a side bet. Bets where the oddsmakers start messing with the odds in unreal ways: The people that were selling and buying these scraps of paper, their managers, partners and firms profiting from and behind it all are negligent in their dealings - criminally negligent, IMHO - AND the Feds that backed all of this are equally criminal.

But whom exactly will all of the taxpayer money benefit?

A little clue to Joe and Suzy Sixpack: Unless you own a bank or one of these other failing businesses, it ain't you!

They gambled, they lost... And now they want you to pay off their gambling debts.


Previously Brewed in New Milford:

Buy Your Shitpile? HELL NO!

Given what we know about the closed door meetings on Capitol Hill, I want to know what the meeting insiders - from the corrupt Bush administration on down to the supposedly surprised Senators and Representatives and including all of the other government officials that have known or just found out about this - have done with their own investment portfolios in the last little while.

I say "supposedly surprised" since the Bush administration had fought tooth and nail to keep investigations into a big part of this financial fraud under wraps until their recent pre-election extortion demands to rape the American taxpayers:

Sure, Spitzer should have de-socked before his career-ending indiscretion. But we should revisit the prophetic message that was lost to the tsunami of Spitzer's scandalization two weeks later.

Predatory Lenders' Partner in Crime: How the Bush Administration Stopped the States From Stepping In to Help Consumers,
Feb. 14, 2008. Washington Post.

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders...These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.

Spitzer's omen went further to note that not only did the White House do nothing, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye after 50 state Attorneys General and many legislative attempts failed to halt the worst of the predatory lending excesses.

The AGs and their banking superintendents fought the Bush Administration's use of a Civil War era banking provision which established federal preemption of all state predatory lending laws and the new rules which emasculated state consumer protections from national banks.

Shortly before Stone's November tip finally mobilized national law enforcement to rescue Americans from the perverse activities of Spitzer and his calf-length socks, he left a final warning:

When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.

We're now to let Industry's insider dictate the terms under which we'll spend the heritage of our grandchildren to repurchase the bloody bag of instruments of our rape?(em. mine -CM1)

The Spitzer investigations were dogging just the mortgage aspects of the entire shitpile that bushies are trying to sell to us... Which would have eventually exposed the entire underbelly of this well before the Bush administration wanted to.

They try and tell you, over and over again that it is too complicated to understand. BULLSHIT!

All you really need to know is that the bushies have been holding on to this to use it as an election issue.

The thing that really pisses me off - and that most of the people, journalists and politicians don't seem to get or, at least, some of them intentionally ignore - is that the mortgage aspect is just a tiny little part of the entire shitpile.

The mortgage part of it is what really started to show the cracks in this scam, and it is one of the very few parts of this ponzi scheme with real and tangible assets to show at stake - the bulk of this shitpile are scraps of paper with absolutely zero value.

While it may look superficially similar to the recent implosions of such investment giants as Fannie Mae, Freddie Mac and Lehman, the takeover and bailout of AIG is quite different, and means that the market is entering the next and even more dangerous phase. What is driving the fall of AIG – and potential government losses that may far, far exceed the $85 billion bailout announced late on September 16th - is not mortgages or real estate (directly), but fears that AIG’s huge, global credit-default swap positions will unravel. The $62 trillion dollar credit derivatives market is 50 times the size of the subprime mortgage derivatives market, and is indeed larger than the entire global economy.

Unfortunately, few people understand credit derivatives, or the full risks to the United States and global markets and economies. In this article, I will take a Credit Derivatives Primer that I published in the spring of 2008 - which anticipated this exact type of event - and update it for the current situation. Through reading this article, you should be able to greatly increase your knowledge of what credit derivatives are, and why they are a far greater danger than subprime mortgages. We will end with introducing some concepts about how individuals can protect themselves and even profit from these unprecedented market conditions – something you won’t find in recent financial history or conventional investments.

...snip...

On September 1st, few knew that AIG, the largest insurance company in the world with over $1 trillion in assets, was in deep trouble. By September 12th, the rumors about major trouble were everywhere. By September 15th AIG’s corporate life expectancy was being measured in days, and the question was: bankruptcy, buyer or bailout? By the evening of September 16th, the federal government had massively intervened, making an $85 billion loan to AIG in exchange for a controlling 79.9% equity share of the company.

Welcome to the brave new world of credit derivatives driven collapses. A world that is far more dangerous than the world of subprime mortgage derivatives. A complex world that because of its sheer size can potentially cause more damage in a matter of days than the subprime mortgage derivatives caused in their first year in the headlines.

The people that were selling and buying these scraps of paper, their managers, partners and firms profiting from and behind it all are negligent in their dealings - criminally negligent, IMHO - AND the Feds that backed all of this are equally criminal.

But whom exactly will all of the taxpayer money benefit?

A little clue to Joe and Suzy Sixpack: Unless you own a bank or one of these other failing businesses, it ain't you! And the beneficiaries of said scam are already out there trying to seed the blogosphere with disinformation on it:
Everybody's An Expert

I get emails like this sometimes, from insiders who know what they're talking about, and over time I've learned that while they may be insiders all that means is they have access to more gossip. That gossip often doesn't turn out to be true.

In any case, a straw man is being erected. There is no crisis which requires $700 billion to Hank Paulson's friends THIS WEEK. That's the argument. There may be serious problems in the financial sector which require government attention. There isn't something which requires an insane act of Congress NOW NOW NOW NOW NOW NOW NOW.

-Atrios 10:40
It is a fucking election fabrication and a scam, and I still say...

Fuck the banks - Let them fail

I am sitting here listening to the hearing on this and all I keep hearing is “think about this from the American taxpayer who is already on the hook”… BS

The only people already on the hook are the one’s that own these banks.

The Europeans are having the same problem and their answer? Let the banks get through it on their own. If that doesn’t clue everyone into how much of a fallacy this whole issue is, I don’t know what will?

Rush into the Iraq war…
fear! fear! FEAR!
Rush into the patriot act!
fear! fear! FEAR!
Rush into fixing (PRIVATIZE IT, DAMNIT!) social security…
fear! fear! FEAR!
Rush into a bailout of incompetent banks...
Fuck the fearmongering!

Banking disaster? Only if you own one of these failed banks… I am not buying this “bush reality” - not even a little bit.

It all looks like a massive transfer of wealth from the poor to the rich for no other purpose than to support their failure at our expense.

The fear of a looming recession? We are in it whether or not these banks fail and it is going to get worse whether or not these banks fail. I have a great idea! Let a couple of these banks go under and watch what happens? If I were a betting man, I would be willing to bet someone will profit off of it, and we will still be in a recession.
You want me to buy your shitpile? Not just NO! But...

HELL NO!

You can buy our shitpile instead:

Buy My Shitpile

With our economy in crisis, the US Government is scrambling to rescue our banks by purchasing their "distressed assets", i.e., assets that no one else wants to buy from them. We figured that instead of protesting this plan, we'd give regular Americans the same opportunity to sell their bad assets to the government. We need your help and you need the Government's help!

Use the form to submit bad assets you'd like the government to take off your hands. And remember, when estimating the value of your 1997 limited edition Hanson single CD "MMMbop", it's not what you can sell these items for that matters, it's what you think they are worth. The fact that you think they are worth more than anyone will buy them for is what makes them bad assets.
I have a stack of papers sitting beside my desk - not to mention the rolls of it in the bathroom - that I can value at trillions of dollars too!

10/6/08

Candidate Comparison Chart


(h/t Kdoug)

This is emblematic of how much the McCain campaign has derailed in light of the economy that the GOP and their failed neocon policies coupled with complete deregulation have ushered in...

Economy Derails and McCain says: Slime Obama!

Economy Derails and McCain says: Slime Obama!

Via Steven D at The Booman Tribune:
DOW Jones Industrial Index down nearly more than 300 400 500 points since the opening bell. NYSE Trading would be suspended one hour if there is an 1100 point decline in the DJIA before 2:00 pm today under current NYSE rules.

And $600 Billion Dollars of US assets frozen in UK bankruptcy involving Lehman Brothers.

In Europe and Asia markets are going nuts too.

And all McCain wants to do, via BooMan, is point to stupid GOP talking points about Barack Obama.
McCain's announced plan was to make every attempt to shift the focus of the campaign off of the economy and onto Barack Obama. In particular, McCain wanted to use a kind of Kevin Bacon seven-degrees-of-separation argument to tie Obama to the dubious activities of people for which Obama bears no responsibility. It was a weak strategy to begin with, but a tumbling stock market will make it impossible. Perhaps even more troublesome for McCain is the fact the Obama campaign has launched a major media campaign to re-raise and educate the public about the Keating 5 scandal.
Don't look at the economy that is running off the tracks and "ssshhhh! about all that Keating 5 stuff":
John "Keating 5" McCain can color me surprised...

I never noticed...

Bill Maher's "New Rule" asking people not to think the worst about John McCain just because he is white:

Now, take a look at these pictures. Here are the CEOs of Fannie Mae, Freddie Mac, AIG and the Lehman Brothers. I know the first thing that jumps out about these faces is that they all happen to be white, and they all happen to be responsible for stealing. But what you have to understand is that these whites are a product of a society that made them that way. It was the neighborhoods and the schools they went to: Harvard, Yale, the Wharton School of Business. They never learned the value of doing real, actual work and the first step to fixing that is better role models, so kids growing up white today don’t think the only way out of Westchester is corporate crime. Or a government handout or sailing. So I get it, the temptation is to look at McCain and vote against him because you don’t see an individual, you just see another typical welfare whitey.

And it’s true, he’s spent his entire life shuffling from one low-paying government job to another. Well, except those years he spent in prison. Typical! And between you and me, he’s not very articulate. Oh, he may have some street smarts, but he’s not what you call an educated man. He freely admits he’s ignorant about the economy. And apparently the only thing his white running mate knows how to do is crank out one baby after another. And now of course, her teenage daughter is pregnant out of wedlock. Because she learns it at home! But that doesn’t mean we should assume all white people are like that, just because so many of them are.

C&L has the video

It's not like John Keating 5 McCain should ever be damned for this kind of stuff just because he is white. McCain should be damned for this kind of stuff because he is in the GOP.

A little more on John "Keating 5" McCain:

During the 2000 Republican Presidential Primaries, Slate.com writer

1. John McCain

2. John McCain’s wife, Cindy McCain, along with her father, made a $359,000 investment in retail property owned by Charles Keating in 1986, a year before John McCain first met with federal regulators on behalf of Keating. Keating was later convicted on 73 counts of fraud, conspiracy, and other crimes. Years later, Cindy McCain sold her investment for $15,000,000.

For anyone not aware of the Keating Five, here’s a very simple summary.

Because some in the media don't want you to know about the Keating 5... It is just a little bit too maverICKY all over again.
Meanwhile, Sarah Winky Palin is out there screeching that "this election is all about a guy who did bad things when Obama was 8 years old, dontcha know?":

Sarah Palin recently accused Obama of palling around with terrorists. This is funny because she has her own radical extremist connections that could be construed as terrorists as well. Palin accused Obama of seeing America as so imperfect, that he was pallin around with a terrorist. Funny enough Palin for years was pallin around with a group of Alaskan radicals that saw America as imperfect enough that they wanted to secede from the union.

While Obama knew Ayers years after he had reformed and began making an honest contribution to society, Palin was a member and or strongly affiliated with a radical Alaskan secessionist party whose founder died in plastic explosives deal gone bad. Her husband was definitly a member from 1995-2002 according to voting records. While is is questionable to call them terrorists, they were definitely radical secessionists who did not fall in line with the Republican credo of ‘loving America’ or McCain’s slogan ‘Country First’.

If you want a really good idea of about what Sarah Palin's connections to the secessionist group AKIP are, that article at Blackplanet goes on to interview AKIP leadership to try and get to the bottom of it.

Meanwhile, while many have known about the radical Mark Chryson's - Sarah Palin's friend of 15 years - ties to AKIP, what many people miss is that Mark Chryson appears to be a batshit loopy bigoted Nazi sympathizing holocaust denying type.

Here are some of the web sites Sarah Palin's Mark Chryson hosts on his own personal web pages, and this is some weird, scary and wacky stuff:
Okay, it appears that web-ak.com is a webhosting company that is owned by this friend of Palin's. I went to this site and had a look around. Under the links page, we find something called the "Waco Holocaust Museum". Now, note that this is on the links page and is hosted on the same domain. In fact, it appears to be the only thing on the links page on the same domain. At the bottom of this Waco page, there are more links, a big list of them at the bottom. Half the links don't work (archive.org anyone?), but the ones that do work include:

"Seventh Seal" An 'apolitical' history of the Axis (Nazis).

"The Confederate Memorial Association"

"Brasscheck" Appears to be a 9/11 truther site.

"Real History Archives" Assorted conspiracy theories.


"Brood of Vipers" More conspiracy theories.

"Final Conflict" Incoherent website about Nationalism. The page has an article "Did six million really die?"

Enjoy!
Mark Chryson is one radical, scary and wacko dude.

And Mark Chryson was friends of the Palins for 15 years - the entire time Todd Palin was a member of this radical secessionist group, AKIP - and Chryson even helped Sarah Palin take down the Alaskan GOP chairman.

Now... That is all just Secessionist Sarah Palin's ties to the far reaches of wingnuttery batshit loopyness, but not all of her ties to it...
a builder named Steven Stoll, a computer repairman named Mark Chryson, and a third man named Mike Christ. All three subscribed to a bellicose, "Patriot" movement brand of politics -- far-right libertarianism with a John Birch streak.

According to Stein, Steven Stoll -- whose local nickname, according to Phil Munger, is "Black Helicopter Steve" -- was involved in militia organizing in Wasilla the 1990s, and subscribed to most of the movement's paranoid conspiracy theories: "The rumor was that he had wrapped his guns in plastic and buried them in his yard so he could get them after the New World Order took over."

This wasn't particularly unusual in the valley at the time. Like much of the rural Northwest, survivalist worldviews often led to Patriot organizing activity and its attendant paranoia: "There were other folks who also got all worked up about the supposed Y2K thing," Stein said, recalling a home he'd looked at with a full array of bunkers and stored food supplies.

But Stoll, Mike Christ, and Mark Chryson were a special case: "They would demonstrate in front of the Wasilla Council," recalled Stein, saying that the causes varied but invariably involved an animus to "socialist" government, such as planning and public education. "This same group [Stoll, Christ, and Chryson] also challenged me on whether my wife and I were married because she had kept her maiden name. So we literally had to produce a marriage certificate. And as I recall, they said, ‘Well, you could have forged that.’ "

And they were a vocal part of Sarah Palin's base of support.
Look... These two incompetent, corrupt and failed conservatives can try to distract you from the GOP's economic legacy that is unfolding before your very eyes right now with BS about Obama as an 8 year old BUT I guarantee we will talk about what these two have done as irresponsible adults.

And the GOP better realize...

What This Election Is Really About

Barrack Obama on what this election is really about:

This financial crisis is a direct result of the greed and irresponsibility that has dominated Washington and Wall Street for years. It’s the result of speculators who gamed the system, regulators who looked the other way, and lobbyists who bought their way into our government. It’s the result of an economic philosophy that says we should give more and more to those with the most and hope that prosperity trickles down to everyone else; a philosophy that views even the most common-sense regulations as unwise and unnecessary. Well, this crisis is nothing less than a final verdict on this failed philosophy – and it’s a philosophy I’m running for President to end.

That’s what this election is all about.
Crooks and Liars has some video up:
“I don’t know what yardstick Senator McCain uses, but where I come from, there is nothing more ‘fundamental’ than a job. The fundamentals of our economy are not strong and it’s time we had a President who understands that.” - Barack Obama