MAKE THAT ONE DIP OR TWO?

No, I am not selling ice cream with sprinkles. The term, double dip, refers to a second recession that may collapse an already fragile economy and trigger the second Great Depression.

About two weeks ago, I discussed the possibility in this post, The Looming Unemployment Bomb. To recap some key points:

When you look at this multimedia visualization, you can see why joblessness represents an even bigger threat to economic recovery than the credit crisis that triggered this mess. Watch the black death of unemployment sweep over the country in 30 seconds or less. And notice the data feed: It does not even include the latest unemployment figures. The visualization gives you a snapshot through September 2009 when the unemployment rate reached 8.5 percent.

In fact, the current official unemployment has reached 10.2 percent and still rising. When you count real unemployment, the one that includes discouraged workers who have stopped looking for jobs and those marginally working part-time jobs, the true unemployment rate (also known as U-6 - Alternative measures of labor underutilization) is closer to 17.5 percent.

Paul Krugman has joined the ranks of pessimists with a Double Dip Warning:

I’d be more sanguine about all of this if there were any indications that private, final demand is taking off — consumers, business investment, whatever. But I haven’t seen anything suggesting that sort of thing (…) The chances of a relapse into recession seem to be rising.

The stimulus has run its course, and all leading indicators suggest a continuing downward trend. One problem is that the econometric forecasting methods used by Washington assumed an unemployment rate of 10.3% by the end of next year. In fact, we arrived at this level a year earlier, and the worse case turned out worse than expected and sooner than expected.

The problem with the stimulus may not be the stimulus, although Krugman advocated for more robust aid, but the TARP bill that was cobbled together in the closing months of the Bush administration. If you recall, then Secretary of the Treasury Hank Paulson sounded the alarm in the form of a one-page memo that would have given him unbridled power to distribute the almost $800 billion in TARP funds with no controls. The compromise bill rushed through Congress did not anticipate the chicanery that would render it ineffective. Here is what the TARP bill should have accomplished:

Rule #1. Never leave it up to banks to decide for themselves what to do with public funds. Tell them how and where the funds should be allocated. The purpose of the funds was to unlock frozen credit markets. Why this did not happen? The banks used the money to improve their balance sheets when they should have been making commercial loans.

Rule #2. When banks are bailed out with public funds, make sure banks get out of the lobbying business. How is the public interest served when public money is used to buy influence that may go against the public interest! Post-bailout lobbying smacks of double-dealing, self-dealing, and conflict of interest. That is why current reform efforts are stalled in Congress.

Rule #3. No bonuses or wage increases until all public money has been paid back. The hubris of Wall Street offends us and turns upside down our basic values: We should reward merit, not failure, nor entitlement.

Rule #4. Community banks play a larger role in distributing commercial loans to local businesses than big banks. Why were these NOT included under TARP?

On the subject of reform, I have two more pet peeves. First, there are other professions - doctors, lawyers, real estate brokers, and teachers - that undergo some form of accreditation or licensing. Why not those on Wall Street to whom we entrust our assets, our retirements, indeed our lives. The same fools who authored the credit default insurance swaps that brought down AIG are the SAME fools who authored the junk bond crisis 25 years ago. When you recycle fools back into the system, you perpetuate their culture.

Second, if a bank is too big to fail, it is too big to exist. The regulatory system installed during the Great Depression and dismantled in 1999 must be restored and the Glass-Steagall Act reinstated. Regrettably, our diversified financial institutions are bigger, more arrogant, and more dangerous than before. To suggest that it is too unrealistic to put the genie back in the bottle is unacceptable.

The Christian kings of Uganda

It's not healthy to be Gay in Uganda, even with Idi Amin Dada gone. In fact it's a life sentence if their right-wing government gets hold of you, but that's not enough to please President Yoweri Museveni who has proposed a bill making it a capital crime to be homosexual and that assigns a three year sentence to anyone who knows but does not report the "crime." Speaking up for gay rights would bring a seven year jail term.

Don't feel too proud that we're a bit more liberal here, some of the backers of this hideous legislation are Americans; politicians who identify Christianity with conquest and total domination of society. You may have heard of them as "The Family" and this secretive, powerful and wealthy group isn't confining its efforts to make life miserable to the United States.

If author Jeff Sharlett is correct, the Christian Right group that's been in the news recently is giving financial support to this Hitleresque policy, if indeed, they didn't actually draft it.

"[The] legislator that introduced the bill, a guy named David Bahati, is a member of The Family," he said. "He appears to be a core member of The Family. He works, he organizes their Ugandan National Prayer Breakfast and oversees a African sort of student leadership program designed to create future leaders for Africa, into which The Family has poured millions of dollars working through a very convoluted chain of linkages passing the money over to Uganda"

said Sharlett to Terry Gross at NPR. Is it any wonder to you that I cringe when I hear the word Christian? Is it any wonder that I snicker at the idea that Islam is the biggest danger to peace and justice and liberty?

Sarahpalooza!

This took far too long to get right. My apologies.

HOW TO SABOTAGE YOUR OWN CAUSE (AND SHOOT YOURSELF IN THE FOOT)

The climate change deniers have their legions of climate change denier trolls out in force, and the trolls have been trashing and bashing the liberal blogosphere.

If there is proof of one hypothesis, one can well understand why climate scientists want to insulate themselves from reactionaries who would waste their time and harass them at every turn.

This is how reactionary wingers divert public attention at a crucial time: Hack into a computer system (illegal by the way), steal 20,000 e-mails (illegal by the way), invent a controversy, start conspiracy rumors, slander a scientist, make news and noise, distract, distract, distract. The bastards are damn good at it too. Witness how teabagging astroturfers derailed the healthcare reform debate. Now they are stalking global climate change (they love their see-oh-two more than life itself).

Right now I am having an argument with a liberal forum that cross-posts my articles. I complained about trolls, but the forum does not believe in censorship. "The trolls should be allowed to embarrass themselves," goes the argument.

I say: “Trolls never feel embarrassment, and intelligent readers don’t need a demonstration.” Furthermore, a forum that enables trolls enables their cause and merely intensifies the distractions with self-defeating tolerance.

Why the hell are liberal bloggers having this argument? Yup, another distraction, another casualty of the climate change deniers and their trolls. The deniers and their trolls have their own blogs and websites; why should we let them hijack and disrupt ours?

Kick a Jew Day

I hesitate to make more of this than it really is. Middle School students aren't deep thinkers, if they're thinkers at all and if some idiot kid in a Naples, Florida school thought "Kick a Jew Day" would be a blast, it doesn't necessarily mean that they've even heard of anti-Semitism or that their parents are Aryan Nation followers. The misbegotten event wherein Jewish kids were subject to being kicked last week was a "funny" take-off on "Kick a Ginger Day," which in turn derived from the supremely idiotic "South Park," the show that features a talking turd as part of the cast.

I think it may be a bit much at this point, to tie it to some sinister neo-Nazi or other anti-Semitic group. Still, some boys and girls were kicked and at that age, when peer approval is everything, the humiliation can be expected to matter a lot in their lives.

Although Fox News did comment on the kicking of red heads, I haven't seen any mention of the Naples story so far and so it's not fair and balanced to comment on what they might use the story for. I'm sure that there are people who will haul out the old PC straw man and grumble about Jews looking for pity and I'm more sure that some Jewish parents will overreact and call for more than the one-day suspension handed out to 10pre -teens. For my part, I think the Jewish kids have learned a valuable lesson about living in a self-styled Christian Nation: Kick Back!

I had some idle thoughts about printing up some T-shirts and sending them over to Naples, but it's been done.

Alabama's Annual Archaeism

Despite its reputation as the buckle of the Bible Belt, Alabama's de facto state religion is college football. Today will see the ritual battle of our two main denominations in what has come to be known as the "Iron Bowl."

Auburn, located in a southern corner of the state, is a former agricultural school whose campus is a cultural island amid a sea of red state farmlands. The University of Alabama has a truly old campus in urban Tuscaloosa. Both are now premier universities sharing a century's history of big games and cult figures.

Among these is Paul "Bear" Bryant, the man in the houndstooth hat. Besides coaching Alabama to countless victories over the decades, Bryant was the first coach in the Southeastern Conference to recruit Black athletes. In fact, his decision in 1971 was something of a watershed for race relations in the south: by 1973, the entire SEC was integrated, and arch-segregationist George Wallace had opened Alabama's state government to Blacks.

But Bryant's biggest legacy is a tradition of victory. His iconography is ubiquitous; he is a patron saint to millions, always pictured wearing the hat. Indeed, Alabama's religion has created quite the consumer kitsch-culture, with flags mounted on vehicles year-round and large stickers proclaiming allegiances; but the big, recent trend is simply a magnetic sticker of the hat. Far less common are elephants, which were the team mascot long before Bryant was their coach.

Auburn fans have no shortage of this crass, commercial stuff either, and are never ashamed to display it with proud prominence. Upon entering the state, you will find it the color schemes of both teams everywhere, even in the most inappropriate places.


These bottles are incredibly common throughout the state. I've never found one that wasn't enshrined like a holy relic on mantle, shelf, or windowsill:

Alabama has the most national championships of any college team. Auburn has its share of glories, and among them is a (possibly apocryphal) game in which an eagle soared over the stadium as the team won a huge comeback upset of Alabama. The story led to Auburn's somewhat unique position of having two mascots: they are the Auburn Tigers, but the school keeps a live (rescued!) eagle on display.

The name for their rivalry, "Iron Bowl," is an archaeism. For decades, the game was held in neutral territory at Legion Field in Birmingham; apart from a sad Civil Rights legacy, the city is best known for having once been a major steel producer. Today, the largest foundry is a museum and concert location with a reputation for being haunted by the ghosts of non-union workers, but the name remains attached to this perennial battle. Perhaps it is fitting, as American football is a game of the industrial age.

Moreover, football is a creation of marketing. As I explained, both teams reinforce their rivalry with every sort of consumable. An exceedingly small sample of Alabama residents have ever visited, much less attended either university, yet I have seen couples break up and friendships end over this game. Tribalism is rampant, and encouraged.

Thus the Iron Bowl is our archaeic ritual sacrifice; it is surrounded by an industry of charms, wards, and icons. Despite the involvement of a Crimson Tide, precious little blood is spilt by these latter-day gladiators, who wear layers of high-impact plastic and protective padding. The church of football does not want victims, but fans; the libation is Gatorade and the offering is sweat.

If you visit this state, bear one cultural rule in mind: there are only two denominations of our state religion, and they are always at war. Rumors of a third option persist in the northern reaches around Huntsville, but these folk are held harmless cranks by most -- and heretics by some. Avoid a lynching by leaving your orange-and-white color schemes at home.

HAPPY THANKSGIVING 2009

Yeah, yeah, I know! Same stoopid turkey photo as last year, but this year is my turn to prepare the family feast for twenty hungry humans, an armful … even for an (O)CT(O)PUS. Nevertheless, I would be remiss in my duties (Cthulhu forbid!) if I forgot to wish my fellow beachcombers a very Happy Thanksgiving!

So here is a holiday recipe for all fellow beachcombers and visiting trolls, my very own:

SWEET NOODLE PUDDING

4 eggs
1 cup orange juice (or any juice)
4 tablespoons sugar
1/4 teaspoon cinnamon
1/4 teaspoon ginger

Beat the eggs lightly and mix in the rest of the ingredients. Then add:

1/2 cup slivered almonds
1/2 cup candied citrus peels
1/2 cup raisons

Set aside this mixture and prepare the following:

1/2 lb (8oz) wide egg noodles
8 cups boiling water
1 teaspoon salt

Boil the noodles in water with salt for 7 to 8 minutes. Drain the noodles. To the mixture that has been set aside, add:

6 tablespoons margarine (cut into slices)

Add the noodles to the mixture and mix until the hot noodles have melted the margarine and all ingredients are evenly distributed. Transfer to a well-buttered bread pan and bake at 400 F for 45 minutes. This recipe is faster and easier than it looks and well worth it. Yumm!

Palining around with Terrorists

"I believe that the Jewish settlements should be allowed to be expanded upon, because that population of Israel is, is going to grow. More and more Jewish people will be flocking to Israel in the days and weeks and months ahead"

said Miss Maverick to Barbara Walters, thinking as she does in lock step with the PsychoChristian Book of Revelation terrorist Church. At least this time she's speaking in almost understandable English rather than in tongues.

Like many euphemism addicts, she seems as well to avoid the use or the word Jew as though it were a socially offensive term, which it is not, but neither is it surprising that she has problems with Judaism, seeing Jews as anything but pawns or with the notion of a government that derives from the will of the governed.

I have to ask myself how we get a Maverick, a renegade or anything but a victim of another sort of politico-religious correctness in Sarah Palin. I have to ask myself how many Americans really want our foreign policy derived from John of Patmos or even Billy "The Jews are ruining the country" Graham, currently suffering from Alzheimer's, who she recently visited to get some guidance about what the Bible commands our country to do in Iraq, Iran and Israel.

I actually get a lot of amusement out of this breathless 2000 year "any minute now" wait, although horrors like Jonestown do put a damper on it. But face it, Palin is a rogue only in the sense of being an unprincipled, deceitful, and unreliable person; a scoundrel or rascal. She hasn't separated herself from the herd of regimented thinking, she's embraced myth as truth, defined a demented dogma as independent thinking and yearns for absolute theocratic rule as much as any medieval Pope -- and lower taxes for the rich who are more favored by God, of course. Most and worst of all, she is part of and is informed by a cult anticipating the greatest act of terrorism since Noah's Flood.

Sorry Sarah, Jesus has been here and gone. I'm not interested in your ambition to promote a war in the Middle East, I think Israel should stop building settlements in occupied land and that people should live in peace. I'm not converting to your hare-brained death cult and I'll be damned if I'm going to let you throw away two centuries of secular democracy. I'm not "flocking" to Israel, nor is anyone else and if there is some damned god who wants a war there, he'll have to start it himself.

Dana Perino and Junkyard Wars

So Dana Perino still isn't bowing out of her mission to defame the President who employs her. It's too breathlessly important to talk down the America that pays her salary; pays her excellent medical and dental plan that she would deny us, to bother to be consistent with what she just finished saying or with objective reality. Why should she, after all? She's preaching to her own demented and dishonest choir, none of whom is any smarter or more honest than she is.

A few days ago, it was wrong for President Obama to play golf because "there's a war on." Yesterday it was just fine to call him to task for not calling a shooting "terrorism" even though "there's a war on." Criticizing the President in time of "war" is only treason when the President is of their tribe, you know and it's never treason when Fox does it. Anything goes, you see, when you're blond and perky. Anything -- even forgetting that the 9/11 attacks were not only on George W. Bush's watch, but that George W. Bush wasn't actually watching and had effectively shot down those who were. But hey, that was history and history is a junkyard from which you take parts and assemble your own truth.

"We did not have a terrorist attack on our country during president Bush's term,"

Perino said to Sean 'Insanity' Hannity on Fox last night. The old Fox with the botox face didn't even flinch. She went on to politicize the shootings at Fort Hood by accusing Barack Obama of "politicizing" the shootings at Fort Hood by not calling the act of an American officer "terrorism" in advance of any evidence to back that up other than the man's religion.

So why is it so important, other than for reasons of creating a religious war, to label the Fort Hood murders terrorism? So that she can pretend Bush was a protector and Obama is not. She needs a "terrorist" attack to create a false equivalence no matter how outrageously unequal it may be. In her little mind, your little mind will accept that the billions of dollars of destruction and the 3000 or so lives is equivalent to an American officer going wacko and shooting up his fellow soldiers and therefore Barack Obama is a failure.

What's in a name? Everything, it seems. The difference between death by friendly fire and terrorism is all in the politics of the beholder, whether or not the fire is friendly. If someone "fragged" his commanding officer, it's not terrorism and if Pat Tillman was shot by his own men, that's not terrorism either. Charles Manson isn't a terrorist, even though his mission was to strike terror into the hearts of white people and start a war. David Berkowitz wasn't a terrorist although he terrorized New York -- and why? A political football is not a football until someone kicks it and the Grand Old Fox has no interest in doing so unless it serves their need of supporting Republicans and toppling Democrats.

I've seen famous comedians booed off the stage for making mild jokes about George Bush, I've had death threats for saying Reagan had serious flaws. Where is the outrage now? Where is the response to such amateurish, clumsy and wildly dishonest propaganda coming, like foul breath, out of the mouths of Fox?

BYE, BYE, MISS AMERICAN PIE - BYE, BYE TO LIBERAL MEDIA

Act 1: Last August, Comcast removed MSNBC from its Digital Starter Package and moved it to one of its premium offerings. Of course, Fox News remained in the basic Starter Package because Comcast is a conservative media conglomerate and wants to spread the Fox-Beck-Hannity-Billo message. According to beachwriter429 at Daily Kos:

What this means is that one now has to pay an additional $17 per month ($204 per year) to view anything progressive enough to even remotely balance out FNC's right wing extremism (…) The neighbor who alerted me to the situation is an attorney, and he thinks this appears to be to be an FCC/Fairness Doctrine violation.

Act 2: Some Daily Kos readers in the Jacksonville area ganged up on Comcast with a letter writing campaign. In response, Comcast restored MSNBC to all customers in the Jacksonville area and sent this reply (excerpt):

Thank you for the email. First and foremost, I wanted to let you know that today we restored access to MSNBC for all of our digital cable customers in the Jacksonville, Florida area (…) Please know that this week's disruption was not at all targeted at MSNBC - it was due to some changes to our digital channel security system (…) This issue was isolated to the Jacksonville area, and we have no reason to believe that Comcast customers in any other areas experienced any interruptions of MSNBC.

Except for the fact that Comcast customers in the suburban Philadelphia area still paying extra for MSNBC (and how many other markets that we don’t know about). Comcast = L I A R S !

Act 3: Advance the calendar to November 4, 2009. In the Pittsburgh area, MSNBC has been replaced by the Golf Channel. When an irate Comcast subscriber called to complain, this is what Comcast said:

I was told that at my level of service, basic cable, it is no longer available. No way can I afford to upgrade my service, (and nor would I....it is Comcast after all) so no more MSNBC for me (…) The agent on the phone also told me that Comcast had nothing to do with this decision, but that because MSNBC is a national cable network, it was no longer available in a non digital format. Oddly enough, CNN and Fox are still in the same place.

Act 4: If you can’t beat them, buy them out:

General Electric and the cable giant Comcast have moved closer to a deal giving control of NBC Universal to Comcast (…) After a series of meetings last week, the two companies reached a tentative agreement on Friday over the main points of a deal, these people said. Comcast would own about 51 percent of NBC Universal, contributing several billions of dollars in cash and its own stable of cable networks to the new venture (...) Other potential bidders have surfaced, including the News Corporation.

Does this mean bye, bye to Keith Olbermann? Bye, bye to Rachel Maddow? Bye, bye to liberal media? Sorry folks, but this wave of media consolidations spells b-a-d * n-e-w-s ! Once MSNBC is gone, that leaves only us, the netroots community, to keep the liberal flame from flickering out.