The Newsroom, a new TV show written by the inimitable Aaron Sorkin (creator of The West Wing), took on the Tea Party last Sunday and gave them a good going over. Here's the clip.
What do you think, did Sorkin get it right?
In the long history of evolution it has not been necessary for man to understand multi-loop nonlinear feedback systems until very recent historical times. Evolutionary processes have not given us the mental skill needed to properly interpret the dynamic behavior of the systems of which we have now become a part. J. W. Forrester, 1971
Monday, September 17, 2012
Saturday, September 15, 2012
In the Name of God
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| US Ambassador Christopher Stevens |
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| Killed by Fanatics, Islamic Extremists, or Crass Opportunists |
2016: Obama's America
The premise of the film as I understand it from a number of reviews (I have not seen it) is that President Obama's underlying motive in serving as president is to weaken America. This motive is attributed to an anti-colonial, Marxist ideology Barack Obama somehow absorbed from his absent Harvard-educated Kenyan father.
As it happens, the senior Obama spent a part of one month with his son, Barack, when the boy was 10. Barack never saw or heard from his father again. There is no objective evidence to support the film's premise and in fact, it is patently absurd, especially considering Obama's actions over his first term, which in large part carried on where George W. Bush left off.
It is interesting to consider that the term anti-colonial is used pejoratively, since had it not been for anti-colonialism, the United States of America would not exist.
Those who come away from the film worrying that an Obama second term will weaken America are a dozen years too late in their hand wringing. They should have worried more when they voted for George W. Bush.
Friday, September 14, 2012
What Krugman & Stiglitz Can Tell Us by Jacob Hacker and Paul Pierson | The New York Review of Books
Excerpts:
We may be the richest nation in the world, but poverty is higher and social mobility between generations lower than in other rich nations. In other respects, our model is bloated: we release far more carbon dioxide and use far more water on a per capita basis; and we spend far more on health care, while leaving tens of millions uninsured and achieving health outcomes that are mediocre at best.
The spectacular profits of the energy industry, for example, rely heavily on the failure of regulation to incorporate fully the social and economic costs associated with environmental degradation, including climate change. Similarly, the increasingly aggressive activities of Wall Street—whether in the marketing of unsound mortgages, the use of excessive leverage, or the irresponsible use of derivatives—create huge risks for the economy as a whole. Yet these risks are largely not taken into account in the prices paid in financial markets. Without effective regulation, the costs are borne by all of us—most acutely by the struggling millions who have been pushed out of jobs.
The economics is really easy. If we were to spend more money at the government level and ... rehire the schoolteachers, firefighters, police officers who have been laid off in the last several years because of cutbacks at the state and local level, we would be a long way back towards full employment. ... Right now, there just is not enough spending, and we need the government, which can do it, to step in and provide the demand we need. ... We’ve had austerity in the face of a recession, in a way that we have never had before since the 1930s. ... And the results are clear: it’s disastrous.
What Krugman & Stiglitz Can Tell Us by Jacob Hacker and Paul Pierson | The New York Review of Books
We may be the richest nation in the world, but poverty is higher and social mobility between generations lower than in other rich nations. In other respects, our model is bloated: we release far more carbon dioxide and use far more water on a per capita basis; and we spend far more on health care, while leaving tens of millions uninsured and achieving health outcomes that are mediocre at best.
The spectacular profits of the energy industry, for example, rely heavily on the failure of regulation to incorporate fully the social and economic costs associated with environmental degradation, including climate change. Similarly, the increasingly aggressive activities of Wall Street—whether in the marketing of unsound mortgages, the use of excessive leverage, or the irresponsible use of derivatives—create huge risks for the economy as a whole. Yet these risks are largely not taken into account in the prices paid in financial markets. Without effective regulation, the costs are borne by all of us—most acutely by the struggling millions who have been pushed out of jobs.
The economics is really easy. If we were to spend more money at the government level and ... rehire the schoolteachers, firefighters, police officers who have been laid off in the last several years because of cutbacks at the state and local level, we would be a long way back towards full employment. ... Right now, there just is not enough spending, and we need the government, which can do it, to step in and provide the demand we need. ... We’ve had austerity in the face of a recession, in a way that we have never had before since the 1930s. ... And the results are clear: it’s disastrous.
What Krugman & Stiglitz Can Tell Us by Jacob Hacker and Paul Pierson | The New York Review of Books
Sunday, September 9, 2012
Saturday, September 8, 2012
Miraculous Signs and Wonders
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| U.S. President George W. Bush, 2001 - 2009 |
Why, after the CBO predicted in the 1990s that the US would experience $6 trillion in surpluses over the Third Millennium (2000s), did we end up in the hole today? Well, it's not that complicated.
First, the economy did a lot worse than anybody expected during George W. Bush’s presidency and the Republican “trickle-down” economic policy; the housing bubble burst in that same period due to unmitigated greed and fraud; we had the financial crisis caused by under-regulated financial institutions; and then the big recession hit in 2008. That cut income to the government and made us spend more on various benefits that kick in as a safety net, like unemployment, welfare, and food stamps. The perfect storm. But that wasn’t all.
Second, Congress cut taxes repeatedly, starting with Bush's tax cut primarily benefiting the wealthy, and so there was less revenue than we had anticipated.
Third, the government spent more—a lot more. A couple of wars, "off the books," expansion of Medicare (Bush's unfunded drug plan), and the bank bailouts ($700+ billion under Bush with no strings attached). Believe it or not, Bush and his anti-government Republicans increased government spending more than any of the six U.S. presidents preceding him, including LBJ, of Great Society fame.
Now, when you cut taxes, have less revenue coming in, and you spend more than what you budgeted -- Hello! You end up with a deficit. Any surprise there? Of course not.
And if you have a deficit, you have to pay more interest, so that brings us to four -- higher interest payments.
Wasn't all this a Republican nightmare perpetrated on a basically ignorant American public, 46% of whom don't believe in evolution and think Glass-Steagal is a form of art glass?
For Republicans, all this proves one thing; Obama is a communist. No, I’m not kidding. Listen to your Republican friends crow about the American Communist Party having endorsed Barack Obama. This is like believing that because the CEO of Chick-fil-A endorses Mitt Romney it makes Romney a chicken.
For Republicans, because recovery from the consequences of their disastrous time in office is slow, it follows that we must bring back a Republican-led government that will lead us out of recession with “a mighty hand and an outstretched arm, with great terror and with miraculous signs and wonders.” Verily. But without a plan, or not one they are willing to share.
We can, however, surmise what a Republican government will do. It will voucherize Medicare, and privatize Social Security, so that Wall Street can take care of your healthcare future, and BTW, repeal Dodd-Frank so that they can do it to you better.
Republicans will cut Medicaid, repeal the Affordable Care Act and let the uninsured die (listen for the cheer in the background), cut Planned Parenthood, NPR, the National Endowment for the Arts, Head Start, and Early Childhood Education.
They will do away with Affirmative Action, eliminate the Department of Education, cut the Department of Energy funding for clean up of the mess we made during the Manhattan Project, cut back EPA and OSHA and limit their ability to enforce clean air, clean water, and safety standards. How can we know this? By reading the GOP Platform. It’s poorly written and full of contradictions, but it will tell you all you need to know about who today’s Republican Party is. And it ain’t your grandaddy’s Republican Party.
"No peril justifies the regulatory impact of Obamacare on the practice of medicine, the Dodd-Frank Act on financial services, or the EPA’s and OSHA’s overreaching regulation agenda. A Republican Congress and President will repeal the first and second, and rein in the third." (The 2012 GOP Platform)
The other great financial calamity that befell the United States, the "Great Depression," lasted a decade -- ten years for my math challenged Republican friends. It took massive deficit spending to recover. After obstructing every effort that President Obama made in good faith to put us on the road to economic recovery, Republicans are now asking that we put them back in charge of the government -- a government they disdain, e.g., "Government is not the solution to our problem, government is our problem." Remember Ronald Reagan saying this in 1981? I remember, because it was the year I retired from the US Air Force. But Reagan also said this at that time, "The solutions we seek must be equitable, with no group singled out to pay a higher price."
But today's Republican Party is not the party of Reagan. Reagan was too moderate. It's the party of Bachmann, Santorum, Huckabee, Palin, Perry, Arpaio, and Limbaugh. It's an anti-science party, an anti-democracy party, an anti-everything but big business party.
The Republican Party is a party with the arrogance to believe that enough of the American people either have short memories, or are just stupid enough to ignore their record, their obstructionism, and their failed policies, and put them back in charge.
I hope to God they’re wrong!
Saturday, September 1, 2012
Paul Ryan's Convention Speech
Here is a comprehensive guide of every single lie, misrepresentation or omission from the speech, in the order they were delivered.
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