Daily Links

Daily Links

The Corporatocracy

When I first picked up Confessions of an Economic Hit Man,I found myself having a hard time believing the story being told. It certainly read much more like a work of fiction. It is a story of the American Empire and the quest to protect U.S. interests at all costs – even in the face of dire consequences for much poorer nations.

A point the author tries to make – and I think many readers miss – is that there is not some sinister, back-room conspiracy at work in all of this. America is run by what the author calls the “corporatocracy” (a government dominated by corporate influence, banks, and governments). He writes:

corporations, banks, and governments (collectively the corporatocracy)

It is an eye opening read. While I do believe some of the author’s tales seem contrived and hard to believe, I have no reason to doubt the legitimacy of his overall claim. There have been many other books written about this subject and I think many people assume that the U.S. government does not always have the interests of the weak in mind. Very few doubt that any government should look out for its own interests, but it is not necessary to prey on the weak in order to make the strong stronger.

This book also reminded me that most of us operate following a misconception that human progress can be measured in strictly economic terms. We speak of poorer countries as being “underdeveloped” as if they are somehow inferior in every way because they do not produce as much as we. It seems to always be about production – for the sole purpose of more consumption. Perhaps we should look at the world through a different lens.

If you’d like an intriguing, fast-paced read that makes you question your old assumptions, you should pick up this book. If you need a “just the facts” approach, you may want to look for another.

Daily Links

Obama’s First 100 Days

Since FDR, it is common for Americans to judge a president’s effectiveness based on his productivity over the first one-hundred days of his presidency. It’s interesting to note that the “100 days” of FDR were actually not the first one-hundred days of his presidency but the first one-hundred day session of Congress. Congress was convened on March 9, 1933 – five days after the inauguration, and they adjourned on June 16, 1933 – 100 days later. This period of time was the most productive in American legislative history.

I think most Americans understand that it is unfair to judge a President based on what he can accomplish in less than 7% of his term – and at the beginning of it – yet we all still seem fascinated by this arbitrary measure of productivity. There are websites where one can see the progress other presidents made and others that will track President Obama’s progress (here and here) and still others with lots of advice for our new President.

Businessweek has advice on how to be productive in the first one-hundred days and the Washington Post warns that Obama should not make the same mistakes Clinton made.

As official Washington turns its attention from the transition to Obama’s plans for the first 100 days, Clinton’s difficult experience in his own first 100 days can again serve as a cautionary tale for Obama.

Clinton sought to move on a number of major policy fronts — an economic stimulus package, an overhaul of the health care system led by Hillary Clinton — that were eventually abandoned, and was buffeted by unforeseen controversies (gays in the military/”don’t ask, don’t tell”) and unpredictable events (the Branch Davidian stand-off in Waco, Texas).

“I think there was a great deal of exuberance by the president in terms of what he’d be able to accomplish immediately, and, no, he couldn’t match it all,” said Democratic pollster Peter Hart of Bill Clinton in the spring of 1993.
Obama’s First 100

So, what should Barack Obama do in his first one-hundred days?

Scientific American says

Energy security is the greatest challenge and the greatest opportunity of our time. But lack of action has put the U.S. at risk. America needs a bold plan that ignites our collective imagination, sparks innovation, and creates economic and national security. The starting point? A call to action from our new president in the first 100 days of his administration.
Obama’s First 100 Days

and it is clear that many others care about peace and the environment.

I think most people believe that the biggest challenge we face at this point is the economy. Commenters on the WP piece seem to agree that the economy is most pressing (followed by Isreal, and energy). Gerald F. Seib, Executive Washington Editor at the Wall Street Journal says that the top five items on the to-do list are economy, economy, economy, economy, and economy. This guy says the top issue is the economy (followed by Guantanamo, the Middle East, energy, and healthcare) and one of his commenters points out the following:

Barring any event of the magnitude of 9/11 or something approaching it, the bread and butter issue of American politics is, as it’s always been, the price of bread and butter.
link

and others agree

Though presidential historians say it‚Äôs an arbitrary – and in some ways unfair – measurement, they say Obama‚Äôs early actions will set the tone for his administration and establish his priorities and leadership style.

“It’s an unreasonable expectation that we put on all our presidents, just because it worked that way in 1933 for FDR. They shouldn’t be held to that” said Stephen Hess, a senior fellow at the Brookings Institution who worked for several presidents.

Obama’s advisers and outside observers say it is clear that fixing the economy and creating jobs will dominate his agenda in the early days, just as it did Roosevelt’s.
Shades of FDR

Alan Murray, Deputy Managing Editor at the Wall Street Journal, says that even though President Obama faces “a significant number of foreign policy problems” (Iraq, Afghanistan, Pakistan, and the Middle East) of which any one could hijack the President’s agenda, the economy is the biggest issue “bar none” and that the stimulus plan he pushes through Congress will “probably be the defining product of his presidency.” In a video preview of the next one-hundred days, he says that Obama will be considered successful if he can recover the economy and tackle just one more of the important issues on his agenda. Another commentator in the same video reminds us, though, that every day spent on the “short term agenda” is a day not spent on healthcare, climate change, or taxes.

President Obama’s campaign website has a list of issues that also puts the economy at the top, though the list is actually in alphabetical order. :)

The President himself had this to say:

“The first hundred days is going to be important, but it‚Äôs probably going to be more like the first thousand days that makes a difference” he told a Colorado radio station in an interview shortly before Election Day. “Most of the big challenges that we face, whether it’s making college more affordable, or fixing our health care system so it works for everybody, or making sure that we’ve got a serious energy strategy, or winding down the war in Iraq, all those things are probably going to take longer than three months to complete.”
Shades of FDR

Actually, I am not sure I’d agree that the economy should be the point of focus over the next one-hundred days. I must admit that I feel a certain sense of unease at the present state of our economy but I am in a different position than most – I have very little debt and 80% of my income comes from recession resistant sources. I’d like to think that my opinion would be the same even if that were not the case. Our economy has thrived for years on over-consumption and that has led us to this point. In order to solve our environmental problems and improve our stature in the world, we need to cut back on our consumption. I think a sluggish economy is a necessary evil and I am not sure we need to jump in and save it.

That being said, I believe that something must be done to help those who desperately need to survive during these hard economic times. My biggest concern, and the number one reason I voted for President Obama, is social injustice in the world. There are many in our own country who cannot afford to put food on the table and that ought not to be so in a place like this.

So, I guess in a sense it all comes back to economic concerns again.

What do you think?

Daily Links

The Time for Change Has Come

As I mentioned yesterday, I’ve waited a long time for this day.

There is no need to focus on all the things I didn’t like about our previous president – others have done that well. It’s time to focus on the positive things that can happen now.

I have no illusions that all we be well in America now, nor do I believe President Obama will do things as well as he should. In fact, I fully expect him to make decisions with which I do not agree. Nonetheless, I expect the next four years to bring about significant changes to our way of life in this country.

There are many who wish him harm, pray that he fails, or look to the future with paranoia and fear; but I’d argue that even those who disagree with his policy should hope for the best. Like our President said yesterday and at other times, “there is no such thing as false hope.” We should all hope and pray for our great country and our new leader.

We should also not forget the significance of his election to power as an African American. We can not all be free until we are all free. The fact that these two men can stand on the platform together is a testament to how far we’ve come.

Bid to give Bush the boot

“Therefore, the voters of the town of Newfane ask that our representative to the U.S. House of Representatives file articles of impeachment to remove him from office.”All in favour?: 129. All opposed?: 21. Meeting adjourned.Bid to give Bush the boot

Wow!Thanks to Fountainhead: Bid to give Bush the boot

Economic Hit Man

I’ve joined a book club.

I figured that since I never have anything to do, I would sign up. :)

Anyway, our first book is Confessions of an Economic Hit Man, and I have found it fascinating. While the details in the book are not really a surprise to me (I’ve assumed this kind of thing was happening), it does seem a little hard to believe the way the story unfolds.

I will get back to you when I am finished.

Religion and Politics

Should churches discipline members because of their politics?Actually, I am inclined to agree with Albert Mohler on this. Churches probably should draw the lines in extreme cases like with Hitler.Of course, we all know Hitler was more like a republican than a democrat.Interesting.

Harriet Miers

A lot of people have a lot to say about the nomination of Harriet Miers.George Will doesn’t like her because she is a woman. We can dismiss his opinion as what one would expect from someone with his view of women.Many have raised issue with her involvement in her evangelical church, including a few writers at The Washington Post and The New York Times. David Kuo, a former White House staffer, likes her and points out that her involvement with her church is a good thing. Her church membership indicates character and “character matters,” according to Kuo.Reading all of this just makes it more and more clear to me that her qualifications, experience and mastery of the law will make her a good justice (or a bad one). Her involvement in her church may make her a bad justice, but maybe it makes her a good justice. We simply do not know. We do know, however, that qualified lawyers with experience and good mastery of the law usually make good judges. Seems very simple to me.Of course, we all know the question is really about abortion. Many people feel that her involvement with a church that is vocally pro-life will influence her interpretation of the law. The fact that she will not answer questions about how she would rule in a case seems to concern many. The fact that many people feel as though she should ‘tip her hand’ indicates that they do not understand how decisions are supposed to be made in court, which incidentally points out how poorly they would do as judges. Making a decision on a case without the benefits of the facts is bad judgement, plain and simple. I don’t want a justice who knows how she would rule on a case ahead of time. Do You?In the midst of all this confusion many fail to realize that being a Christian, evangelical, or even a pro-lifer does not mean you would overturn Roe. Justice Nathan Hecht, a member of the Texas Supreme Court and a close friend of Miers (‘on-again, off-again boyfriend’ according to the Washington Post) who describes Miers as ‘pro-life’, said this:

You can be just as pro-life as the day is long and can decide the Constitution requires Roe to be upheld

Absolutely.

Miers Focused on Policy

Everything I read convinces me she is a good lawyer, and will probably make a good judge.

“She appeared to have an innate sense of fairness,” recalled lawyer Sam Baxter, who lost the Microsoft case to Miers. “She was not doctrinaire.”from the Washington Post – As a Lawyer, Miers Focused on Policy

I found one paragraph of the Post article particularly interesting:

Her one foray into the controversial social subjects that can animate the high court was her work as a member of the ABA to get the organization to withdraw its official support for abortion rights. Her colleagues said that stemmed from her belief that the national association of lawyers should not take a stance on abortion and other issues that are matters of personal conscience.

I have nothing here to go on except her colleagues opinion of her intentions. If this is her opinion on the matter, I agree. Certainly, lawyers should not take such a stand. Judges, on the other hand, should support abortion rights for the same reason – it is a matter of personal conscience.

Not what the lawyers will allow, but what the public deserves

President Bush promised to give us what we deserve.I guess now we know what he thinks of us, don’t we.Scandals Take Toll On Bush’s 2nd TermGreat quotes from the article:

“It looks like a perfect storm,” said Joseph E. diGenova, a Republican and former independent counsel, who noted that so many investigations can weigh on an administration. “People have no idea what happens when an investigation gets underway. It’s debilitating. It’s not just distracting. It’s debilitating. It’s like getting punched in the stomach.”

“The one that people are most worried about is Abramoff because it seems to have such long tentacles,”

“The Abramoff thing is a lingering nuisance to everybody,” said GOP lobbyist Charles Black. “I don’t know who else might be caught up in it.”

and my favorite:

The current atmosphere is not what Bush envisioned as a candidate in 2000.

Speaking of Abramoff. I think I remember him.

Covert Propaganda!

In a blistering report, the investigators, from the Government Accountability Office, said the administration had disseminated “covert propaganda” in the United States, in violation of a statutory ban.

What next?Buying of News by Bush’s Aides Is Ruled Illegal – New York TimesIn a blistering report, the investigators, from the Government Accountability Office, said the administration had disseminated “covert propaganda” in the United States, in violation of a statutory ban.

The Electoral College

I’ve always been a supporter of the electoral college. Probably because I understand the founders’ intent. Maybe it, like other good ideas, is no longer a useful thing. Perhaps it does more damage than good. For 16 of the 21 years I’ve been voting age, I’ve lived in states where I felt as though my vote would not count one bit. That’s not right, is it?This is one of those topics I would love to post more about, but probably won’t. Chris Bowers and Ruy Teixeira provide some good analysis of a study on the subject. See also Chris’ interesting partisan index chart.

Am I the only one?

Just finished watching a piece on ABC’s NightLine about lobbyists Jack Abramoff and Michael Scanlone. Abramoff was paid millions of dollars by one native american tribe to protect its interests in DC. He used some of that money to hire Ralph Reed to stop a native american casino in Texas. Then when the casino was shut down, he moves in at the last minute to offer his ’services’ to them.Am I the only one who thinks this a classic technique of organized crime? This is despicable.Follow the story at Indianz.com