Save the Fed

Doomed to repeat history? Of course we are, but the fate I fear isn't the sort of doom that descends upon us from above unless you consider the cesspit of "Conservative" rhetoric to be a higher plane of thought. No, I'm not talking about the market bubble of the late 1920's that was brought about by slashing the top marginal tax rate or the deregulation of the markets that gave us the 1929 crash; I'm talking about where we were fourscore years ago in 1931 when the European banks began to fail and nobody was able or willing to do anything about it. Then as now, we had "Conservative" rhetoric attempting to blame the mess on the usual suspects, like lazy American workers and in Europe: the Jews. We had calls around the world for even more austerity, as if the world could save itself by saving money.

" Instead of easing monetary policy by cutting interest rates and buying bonds, the Fed tightened. The result was a catastrophic chain reaction of bank failures, which caused the money supply to contract by approximately a third, and economic output with it"

writes Niall Ferguson at the Daily Beast, lamenting the gross lack of knowledge of bankers, investors, fund managers, regulators, policymakers, and economists. Ferguson cites Milton Friedman and Anna Schwartz’s Monetary History of the United States, which argues that

"the stock-market panic of 1929 turned into a depression because of avoidable errors by the Fed. Instead of easing monetary policy by cutting interest rates and buying bonds, the Fed tightened. The result was a catastrophic chain reaction of bank failures, which caused the money supply to contract by approximately a third, and economic output with it."

The Gold Standard, the massive debt from The Great War, the partisan inability to compromise brought on the disaster we know as the Great Depression and only those countries that dropped that standard and began hiring while gearing up for war, began to recover. Germany led the way and the US followed.

With some Republican spokesmen demanding the return of the gold standard, demanding an end to the Fed, demanding more austerity, demanding that more capital be tied up in the hands of a tiny minority, the money supply diminished and the demand for goods and services curtailed, the few who understand what needs to be done are being shouted down by politicians who insist that the only solution is a bigger cut in the marginal rate, and the angry mob they feed.

"We are indeed fortunate that at least the world’s leading central bankers have studied this history: not only Ben Bernanke but also the heads of the Bank of England, the Bank of Canada, and the European Central Bank. The bad news is that so few politicians and voters understand what they are trying to do, or why. The even worse news is that central bankers by themselves may not be able to stop our depression from turning great."

Worse news even than that, is the fact that people like Dr. Ferguson, a professor of history at Harvard University, a senior research fellow at Oxford University, and a senior fellow at the Hoover Institution, Stanford University do not inform the Cains, Bachmanns, Palins or Gingrichs or the rabble who support them, nor would the public trust any "elitist" "Libtard" "pinhead" over the kind of small minded moral abomination now stumbling toward Washington.

Requiem for a candidate

Wow. It looks like the Cain Train left the rails, hit the siding, and slid about a hundred feet into a bus full of nuns and orphans.

And it really only took a couple of weeks.

I mean, the man declared himself a candidate back in May. And since then, it isn't like he's been hiding in the bushes. They wouldn't let him; having a black candidate in the lead proved that Republicans weren't all inbred bigots; they were willing to allow the man to do just about anything he wanted. Within reason.

Did he look completely ignorant on foreign policy? Who cares? Hell, there are still people who want Sarah Palin to enter the race!

Did he want to say openly insane shit? That's not a problem! After all, Michele Bachmann has made a whole career out of being the craziest bitch in the kennel! The self-important, elitist millionaire Newt Gingrich is currently the front runner, and he recently said that child labor laws were "truly stupid"!

(As it turns out, sanity is actually a detriment in today's Republican party - just ask Jon Huntsman.)

So, what does it take to hurt the Cain? A little sugar.



Now, this is the 21st Century. The GOP tried to be open-minded about things. At first.

A couple of women came forward and made unsubstantiated allegations about Herman Cain. So what? The man's famous! People say shit about celebrities all the time, right?

Then more women came forward. And more. But still, no proof.

Then came Ginger White.

She claimed to have had a thirteen-year affair with Cain. But, once again, there was no proof: circumstantial evidence, but no proof. Cain might have weathered this bump in the road, too.

Until he admitted that he gave her money.

He tried to claim that he'd just given her "financial assistance," but nobody believed him. Nobody who's seen Cain strut and fret his hour upon the stage really had a doubt about his motives: to Herman Cain, "charity" is a carefully-calculated amount determined by his accountant, to be paid at the end of the year. Nobody was willing to believe that the Black Walnut just wanted to help this poor girl in her decade-and-a-half of need.

So Herman Cain crashed and burned. A victim of his own arrogance. But here's the thing.

I have willingly taken on the moniker of "Cynic," because I am aware of an unpleasant tendency in my makeup: I think the worst of people. Thanks to a certain amount of self-awareness, I can admit that I sometimes take this too far; I see evil, even as the light of good begins to shine. I know this about myself.

So, given that I know that my judgement is almost surely clouded in this case, I understand that my interpretation of events must be incorrect. I know this.

But there's still this tiny, niggling doubt in the back of my mind.

Why is it that the GOP was willing to turn a blind eye to whatever Cain did, until it became apparent that the black candidate had gone to bed with a white woman?

Very Sad News

I just visited Shaw’s place and found this post:

LIFE INTERRUPTS BLOGGING

A message to my blogging friends:  Thank you, everyone, for your fine contributions to this comment forum.

Unfortunately, a catastrophic event has just engulfed my family, and I'll probably not be blogging for a while.

(O)CT(O)PUS take the reins!

My older sister suffered a stroke that will probably end her life. In the early summer of 2009, I lost another sister. I understand that life brings these awful events to us all, and that we have to find the strength to get through the pain and suffering as our loved ones slip away from us. That's what I'll be dealing with over the next few days.

(O)CT(O), you have the keys to the blog. Use them as you wish.

Please keep me and my family in your thoughts. I'm not a religious person, but I do need the comfort and the support of my blogging friends just now.

Thank you.
Peace.
Shaw/Joanne

I feel especially heartbroken for Shaw. Two years ago, she lost another sister at a time when she herself was suffering major health problems. This represents another devastating loss for Shaw. Please visit her blog and leave a kind message. Meanwhile, I will do my best to keep her blog active while she is away, although the place is never the same without her magic touch. With this post, I am asking all creatures above and below the waves to help with contributions of posts and messages.

Show me your papers!

" People are trying to use this to make the law look bad"

said the mayor of Leeds, Alabama, responding to the arrests of a Mercedes Benz director and a Honda manager for having only international drivers licenses rather than their German or Japanese cards in their pockets.

Well people won't have to try very hard, because Alabama looks bad enough without any help.
The demand that anyone looking or sounding 'foreign' carry papers and produce them upon demand looks to me too much like those "racial origin" cards the Third Reich made people carry, but even if you disagree or think I'm being hyperbolic, it still looks paranoid, it looks stupid, it stinks of a very ugly past and it surely isn't going to help the state of Alabama attract the kind of foreign investment and employment opportunities it needs.

"We are the Show Me State, not the Show Me Your Papers State," writes the St. Louis Post Dispatch.

"You've got two choices. Either ask your executives to carry their immigration papers at all times, or move to a state that understands gemütlichkeit."

" We’re going to enforce the laws of state of Alabama”

says the mayor of Leeds, like a character from a Victor Hugo novel. Well you go ahead Javert. Crops are already rotting in the fields of Alabama because if you're of a racial or ethnic minority, it just ain't worth it and the construction industry is falling apart too. Other states would be happy to have those billions of dollars and thousands of jobs pack up and move elsewhere in Free America.

Occupy the Constitution! (updated)

First off, I'd like to take a moment of silence for the Occupy Wall Street movement. They've gone disco.



Meanwhile, though, let’s consider a fascinating legal issue that has come up with the Occupy movement.

See, the problem with the 99% bringing the problem of economic disparity to light, is that, by the nature of the election process, in order to be a politician, you are all but required to be a member of the 1%.

This is the reason that it’s so difficult to get a tax increase for the rich through Congress: they are the rich!

This also means that many of them are predisposed to oppose discussion of income disparity or the economic realities of life in America today. Nobody likes talking about their own sins, when it’s easier to point at other people and scream “Heretic!” So, for example, Mayor Bloomberg of New York (net worth: $18.1 billion) isn’t particularly interested in stopping police brutality against protestors. (If anything, he’s enabling it.)

In Texas, they’ve decided that there is only a limited amount of free speech available in Austin at any one time.



Now, consider that for a minute. If one protest group starts yelling, and leaves after 2 hours and 55 minutes, and another group, unrelated to them and with no knowledge of the previous group, spontaneously showed up in the same neighborhood, they would not be allowed to speak without breaking the law.

It seems to me that this case would be a slam-dunk for any civil rights lawyer. Just take a video camera and show someone showing up after the time limit has expired and not being allowed to speak. Admittedly, the Texas Supreme Court would uphold the police actions, because that’s how Texas works; but it would continue up through the US Supreme Court, and nobody claiming to be a Constitutional scholar could let this pass.

(In a fascinating twist, the Trophy Wife, usually far more optimistic than I've ever been, is feeling more cynical than I do on the subject, and thinks that the Roberts Supreme Court – combined average net worth $47,272,584 – might not be interested in supporting free speech in this case.)

Funny how this issue never came up for the Tea Party protests...
_______________

(Update, 12/3/11)
And in a story broken yesterday by my second least-favorite news source, the Huffington Post (and wildly underreported by other news sources as I write this), the UN has noticed many of the same things:

The United Nations envoy for freedom of expression is drafting an official communication to the U.S. government demanding to know why federal officials are not protecting the rights of Occupy demonstrators whose protests are being disbanded -- sometimes violently -- by local authorities.

Frank La Rue, who serves as the U.N. "special rapporteur" for the protection of free expression, told HuffPost in an interview that the crackdowns against Occupy protesters appear to be violating their human and constitutional rights.

"I believe in city ordinances and I believe in maintaining urban order," he said Thursday. "But on the other hand I also believe that the state -- in this case the federal state -- has an obligation to protect and promote human rights."
...
In moments of crisis, governments often default to a forceful response instead of a dialogue, he said -- but that's a mistake.

"Citizens have the right to dissent with the authorities, and there's no need to use public force to silence that dissension," he said.

Personally, I didn't know that "Frank" was a popular Guatemalan name, but considering Guatemala during the 80s and 90s (and for that matter, the previous decades, when they helped develop the term "banana republic"), they know something about the suppression of human rights.

Of course, who approves of the way the American police are dealing with protesters? Mostly tyrants with their own economic protesters, like Mubarak.

Proud of yourself yet, Washington?

There’s a Big Brother Inside Every Blogger

In her current post, Leslie asks a reasonable, provocative, and long overdue question: Are Bloggers "Citizen Journalists"?  It’s the kind of honest question that demands some honest soul-searching.

Are we citizen journalists in the same sense as an actual journalist?  Are we hired or self-appointed, amateurs or experts, investigators or merely camp followers?  Do we practice the same standards of journalistic integrity as we expect from a professional?  Or have we merely become part of a noisy rabble indistinguishable from those whom we criticize?

The Internet has been an empowering (some will say 'democratizing') force in the world. More than any medium in human history, the World Wide Web is truly the culmination of Marshall McLuhan’s Global Village. It connects us to commentary, ideas, and newfound friends.  It shapes our perceptions and self-conceptions, enables saints and sinners, empowers reformers and terrorists alike. Have we let the Internet go to our heads? As McLuhan foresaw:

“[As] our senses have gone outside us, Big Brother goes inside.”

Does McLuhan refer to the internalization of a dreaded États-Unis Big Brother or the object formation of Big Brother within ourselves?

The Internet has certainly made us more opinionated.  It turns bloggers into instant subject matter experts, justified or not. It has transformed us into pundits, self-appointed guardians of the public trust, snoops and voyeurs, saboteurs and trolls.  It amplifies narcissism and reduces humility to obsolescence. As the Internet connects the Global Village, it has not necessarily homogenized and unified us.  Sometimes it leaves us more fractured than before.

I should talk. Your intrepid Octopus has been as opinionated and predatory as any creature above or below the waves.  Nevertheless, with a hat tip to Leslie, I think we owe ourselves an honest conversation.

Facebookin' III

Hmmm... I don't know if this is a good sign. I mucked with one idiot, and it's like Lays potato chips.


Somebody break it to me gently. Am I in danger of becoming a Facebook troll?

(Click to embiggen.)

GOPers Outraged That The Reverend Barack Hussein Obama Didn't Thank God and Lead The Nation In Thanks To The Christian God During The Rev. Obama's Radio Address

ZOMG! 

The Horror! 

President and Priest/Minister/Mullah-in Chief Barack Obama didn't invoke God's/Allah's/Yaweh's/Xenu's,/Vishnu's name when he gave his radio address for Thanksgiving 2011! 

That unGod president blasphemer needs to be hounded and stoned (hmmmm) out of office for not carrying out his Constitutional duty by thanking the Christianists' god and blessing us all like little Tiny Tim did in "A Christmas Carol" [remember that? Heart-warming, huh?], and making the sign of the Padre, Figlio, Spiritus Sanctus, Flying Spaghetti Monster all over One Nation, Sotto Dio, Indivisible and Invisible and Keeping US Safe from every DFH and godless Commie Atheist. Awmayn.

The Atheists Are Coming!  And it's the unGod Obama's fault.  Floods and pestilence, ice capades all over the land. Tornedos, hurricanes, Black Friday, frogs, locusts, and Teh Gaii! teaching our kids how to make tofurkey in our schools!

I DON'T WANT TO LIVE ON THIS PLANET ANYMORE!

All because unGod Obama didn't thank God and ask her to keep us in the name of the Something, Something, and the Something, and every other Everything that the god- afraiding religionists want Obama to do in the name of the Constitution and where it says--COMMANDS--Mr. unGod Obama to lead us in prayer always, always he...yes and...  thought well...as well him as another and then [we ]asked him with our eyes to ask again yes...and then he asked us would [we]...yes to say yes...yes...and yes [we] said yes [we] will Yes...We...Can...Yes"  Ohmayn.

Here is an exerpt of Mr. Obama's OFFICIAL Thanksgiving Day Proclamation for 2011:


"In times of adversity and times of plenty, we have lifted our hearts by giving humble thanks for the blessings we have received and for those who bring meaning to our lives. Today, let us offer gratitude to our men and women in uniform for their many sacrifices, and keep in our thoughts the families who save an empty seat at the table for a loved one stationed in harm’s way. And as members of our American family make do with less, let us rededicate ourselves to our friends and fellow citizens in need of a helping hand.

As we gather in our communities and in our homes, around the table or near the hearth, we give thanks to each other and to God for the many kindnesses and comforts that grace our lives. Let us pause to recount the simple gifts that sustain us, and resolve to pay them forward in the year to come.

NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim Thursday, November 24, 2011, as a National Day of Thanksgiving. I encourage the people of the United States to come together — whether in our homes, places of worship, community centers, or any place of fellowship for friends and neighbors — to give thanks for all we have received in the past year, to express appreciation to those whose lives enrich our own, and to share our bounty with others.

IN WITNESS WHEREOF, I have hereunto set my hand this sixteenth day of November, in the year of our Lord two thousand eleven, and of the independence of the United States of America the two hundred and thirty-sixth.

War and Efficiency: Unintended Consequences?

A Facebook friend posted a link to a news story about the use of drones (unmanned aircraft) in warfare, War By Remote Control: Drones Make It Easy.

Warfare used to be a bloody, up close affair. Men killed other men. Death was instantaneous for many and serious wounds eventually resulted in death for most others. 

Now, war is too much like a video game. We have improved our methods of killing; invented weapons that can do maximum damage to other human beings from a great physical distance and left us able to distance ourselves emotionally from an enemy that is a blip on a screen. We can kill people whose faces we never see; we no longer have to wait until we see the whites of their eyes to fire on them. There is no sense of connection that the enemy breathes, loves, and lives just as we do, nothing to make us question war itself.  We've made it so much easier to kill and so much easier to wash our hands of that killing. Ironic that in a nation that prides itself on being Christian, we've collectively become Pontius Pilate.

For today's Americans, who haven't had a modern war on American soil, war is a distant entity, brought home only when the wounded men and women, now saved due to advances in modern medicine, return to their families. The rest of us feel momentary sympathy for the wounded vets who return missing body parts and who are emotionally battered and damaged, but we forget them pretty soon. When we lie down in our beds, there are no drones flying  in the dark over our heads.

Vietnam was the last war (technically a police action) that we had to fully feel and experience. The media was filled with Vietnam. We knew that the average age of the soldiers in Vietnam was 19. We knew how many died each day. We saw their flag draped coffins on the evening news. A lot of us didn't like war and we protested against it. We flashed peace symbols, sang protest songs, and marched in solidarity against  not just the Vietnam War, but any war.

We have lost the urgency to prevent war or to put an end to existing wars. Our collective conscience has become as removed from the horrors of war as the remote mechanisms that we use to fight wars. War should be messy and painful. It should make us lose sleep at night. War must be atrocious enough to repulse us, to make us be willing to go to any means necessary to put an end to warfare. The automation of efficient killing makes it far easier to engage in warfare and that's the problem.

The Idiots of England

George Bernard Shaw is famously quoted as saying "England and America are two countries separated by a common language." (Similar quotes were made by Oscar Wilde, Bertrand Russell and Dylan Thomas, but probably not Winston Churchill.)

Fortunately for international relations, though, the two countries do share a common bond: stupidity.

Yes, there is abject idiocy in the country of Shaw, Russell, Wilde, Thomas, Churchill, and even William Shakespeare (who wrote his own plays, no matter what they tell in the movies) and Francis Bacon (who did not write Shakepeare's plays, regardless).

I suppose it should have been obvious: after all, Rupert Murdoch is from Australia, and David Duke was born in Oklahoma. And both countries were settled by the British, so we have to get it from somewhere, right?

(Understand that, in Australia's case, I'm using a loose definition of "settled" which includes "being sent in chains." You know, the same way that Africans "settled" America...)

The latest bit of idiocy that I've come across was, in fact, on Facebook. As I've mentioned elsewhere, my purpose for Facebook isn't so much as social network, as it is refrigerator magnet - I stick random pictures and videos up there, just because it gives me some place to store them that costs me nothing.

(I understand that there are people who use specialized sites like Pinterest for these purposes, but not me. I'm a maverick like that.)

Which means that if it isn't at the top of my home page, it isn't likely that I'll see most people's posts. So this has probably been around for a while, and I just haven't seen it. But now I have.

(Don't squint - transcription below.)



(Technically, I didn't need to block out her picture, because it wasn't a picture of her. But it was a copyrighted Disney image, so it's probably safest.)

What that said was (block pasted, to preserve the fascinating capitalization, spelling and punctuation):

racist to sing ba ba black sheep so now its ba ba rainbow sheep, racist to wear a poppy so even the england football team didnt wear them, racist to say christmas so now its happy holidays yet its not racist to celebrate eid, not racist to burn the st georges cross and not racist to take over our country. this is ENGLAND, dont like it? manchester airport, terminal 2... toodle fucking pip! Putt this as your status if you believe in true english rights

I, of course, had to reply - I can be an ass sometimes. But since it isn't my country, I had to actually research some of the issues.

A lot of it is just basic rhetoric: "true english rights," "take over our country," the Happy Holidays vs Merry Christmas crap (that's not "racist," it's just being polite to the 31% non-Christian Brits).

I thought the "yet its not racist to celebrate eid" was cute. Not only is it fundamentally wrong (it isn't racist to celebrate Xmas, either major Eid festival, or Chanukah - it's just rude to jam your religion in other people's face), but it also has overtones of "Scary Brown People!" So it's stupid twice.

Quick note: for those of you who don't know, "Eid" is the Arabic word for "festival," and is most commonly used in the West to refer to Eid ul-Fitr ("Festival of Breaking the Fast"), held at the end of Ramadan, or Eid al-Adha ("Festival of the Sacrifice," or Greater Eid), celebrating Abraham's willingness to sacrifice his son to God (essentially the same story from the Old Testament, in Genesis 22).

But really, there are three major points.

1. racist to sing ba ba black sheep so now its ba ba rainbow sheep

This is an urban legend that crops up every so often, which is traditionally overblown by the right-wing press (even today). It's also inevitably shown to be complete bollocks (the publication of which is, after all, a Murdoch tradition).

2. racist to wear a poppy so even the england football team didnt wear them

On November 11, (Remembrance Day, once called Armistice Day), it's traditional in Britain to memorialize the fallen of WWI by wearing a poppy (it dates back to the John McCrae poem "In Flanders Fields - "In Flanders fields the poppies blow/Between the crosses, row on row"); a lot of veteran's groups use it as a fund-raising theme.

This year, the British teams were going to wear embroidered poppies on their uniforms for a Remembrance Day match against Spain, and the Federation of International Football Associations (FIFA) intervened. As they have approval over uniform design, they felt it "would open the door to similar initiatives from all over the world, jeopardizing the neutrality of football."

It had nothing to do with racism. Quite the opposite - it was all about keeping everybody as one big happy international family.

Of course, the really funny thing is that the whole "england football team didnt wear them" complaint didn't happen. FIFA agreed to allow black armbands, with poppies.

3. not racist to burn the st georges cross

Well, no, it isn't. Just rude and an overreaction.

You can find a lot of stories about Muslims burning the St George's cross (many of them badly sourced, oddly enough) in response to British actions they object to. And some of the stories might even be true. Doesn't make it racist.

See, the St George's cross (which, some of you might be aware, isn't the flag of England) is viewed in the Muslim world as a symbol of the Crusades. And, gee, who can fault them for that? That period seems much closer to the people of the modern Middle East than it used to, thanks to the actions of George II (or as many of us called him, Dubya).

So, it's good to know that it isn't just America which stands in danger of spiraling down the drain of ignorance and hatred. The Brits have these issues, too. I guess I'm relieved.

Or maybe not.