SteveG


Elizabeth Warren Endorsed By Russ Feingold

Talking Points Memo has the story Elizabeth Warren Endorsed By Russ Feingold.

“In all my years in the Senate, I always took positions that I believed in, even when my own party tried to stand in the way,” Feingold writes. “I know Elizabeth will be exactly the same kind of senator.”

Sometimes I would get upset with Feingold for opposing some of Obama’s initiatives.  I don’t know if his opposition did more good than harm.  Perhaps he understood Obama’s failings better than I did.

Thinking back to my days as a supervisor/manager, I remember that when you have a failing employee, you need to start discussing the problems with that employee as soon as possible.  If it should get to the point where you have to fire the employee, it should come as no surprise to the employee.  If you didn’t give the employee plenty of opportunities to correct the troublesome performance, then you have failed as a supervisor/manager.

Likewise, all of us who held our tongues when Obama failed us time and again were failing as the voters who elected him.  It shouldn’t have taken three years for us to deliver the message loud and clear that Obama was in danger of being fired.  Yes, it shouldn’t have taken Obama three years to appear to come to his senses.  We may both bear some blame for the delay that may cost him his job.


Riffing on Obama’s Economic Follies

In my previous post Errors Dealing With Economic Recovery Originate With Obama, I used the quote from Brad DeLong’s post:

I learn that Barack Obama was attracted to the idea that on top of our business-cycle demand-driven downturn was a longer-run trend rise in technological unemployment that virtually guaranteed that the recovery would be “jobless”:

[Summers and Romer] were concerned by something the president had said in a morning briefing: that he thought the high unemployment was due to productivity gains in the economy. Summers and Romer were startled. “What was driving unemployment was clearly deficient aggregate demand,” Romer said. “We wondered where this could have been coming from. We both tried to convince him otherwise. He wouldn’t budge.” Summers had been focused intently on how to spur demand, and on what might drive a meaningful recovery…. [W]ithout a rise in demand, in Summers’s view, nothing else would work…. But productivity?… If Obama felt that 10 percent unemployment was the product of sound, productivity-driven decisions by American business, then short-term government measures to spur hiring were not only futile but unwise. The two economists strained their memory… had they said something he’d misconstrued?… After a month, frustration turned to resignation. “The president seems to have developed his own view,” Romer said.

I’d like to talk about what is so wrong about Obama’s thinking.

Obama is short sighted when he thinks, “high unemployment was due to productivity gains in the economy.”  He needs to realize that because of the way our taxes are structured and the rules that have been set up for our economy since 1980, the fruits of increasing productivity flow almost exclusively to the top of the economic pyramid.  The rest of the economy  is left to suffer only the bad consequences of how this economic structure is set up.

In my previous post Imagine – Total Automation, I tried to show that by taking the rise of productivity to an extreme it might be clearer that one could imagine a different outcome is possible for the 98% of the economy that is actually harmed by increasing productivity under the current system.

Where Romer missed making an effective argument, was in saying that “What was driving unemployment was clearly deficient aggregate demand,”  as if that were totally unrelated to the President’s vision of the cause of high unemployment being the fault of increased productivity.

Letting the top 2% of the population take all of the benefits of increased productivity, robs the other 98% of the money needed to buy all that can be produced by this highly productive economy.  This combination is what leads to high unemployment.  Contrary to what Obama was thinking, the high productivity does not inevitably lead to high unemployment.

This flow of all benefits upward is a product of our tax structure and economic rules and regulations created by the government.  Both of these are within Obama’s domain to try to change.  When faced with the thought that “the high unemployment was due to productivity gains in the economy”, he needed to ask himself, so how can we change this outcome of productivity gains without losing the benefits of those gains.

There are plenty of experts around who can explain to Obama how to do this.

When I voted for Obama, I thought of him as a man of vision and great enough intellectual curiosity that he would learn the things he needed to in order to be a success.  In the case of economics, he has been a man of little vision.  He has been completely intellectually unaware that he was not an economics expert. There is no reason why he would have even thought that he was an expert.

Somehow, his erroneous thinking has shifted him from “Yes we can”, to “Oh well, I guess we really can’t” with respect to fixing the economic problems of the country.

He is going to have to work extremely hard in the next 14 months to convince me that he has seen the error of his ways.  So far he blames the discouragement of his natural constituency on themselves.  All the exhortation in the world won’t get these people excited about him again unless he gives them something to be excited about.

The one lesson we learned from Ronald Reagan’s tenure is that when faced with such dire problems, we may not be able to fix them until someone comes along with the courage and the heartlessness to let the economy crash so that it can finally be reshaped in a better way.  With his programs, Reagan was finally able to break the back of OPEC and solve our inflation problems.  Of course, what he and his descendants in the office of President did after  he solved the inflation problem is the proximate cause of our current problems.

In 2012, should I vote for Obama if he shows signs that he is just going to manage to prolong the agony?  Or I should I vote for someone to crash the economy so we can finally go on to the next phase of resolving the issues?   As in Reagan’s case, the actions of the person who solves the problem of economic depression will be taken to extremes and in the long run will swing the pendulum too far in the opposite direction.


Errors Dealing With Economic Recovery Originate With Obama

On Brad DeLong’s blog, the article Review of Ron Suskind’s “Confidence Men” confirms my worst fears about how the Obama administration has dealt with the economy.  That fear is that Obama’s economic policy was anemic not because he didn’t fight hard enough for the right policies.  It was anemic because Obama convinced himself, contrary to all good advice, that the wrong policies were needed and that the right policies were not needed.

On this blog I don’t intend to repeat the information in the articles to which I point.  I want to give you enough information to encourage you to read the whole articles yourself.  This is especially true of this article.  So, keep in mind that in the following you will only get a pale shadow of the information of the whole article.

For the most part DeLong does not think that Ron Suskind did a good job with his book.

And, as Ezra Klein points out, the stories Suskind does tell repeatedly undermine his global narrative claim that the administration’s big problem was that Lawrence Summers was (a) too sure of himself, and (b) so good a debater that he won internal arguments he ought to have lost. If Larry Summers had been winning all the internal policy arguments, Ezra points out, then administration policy would have gone in “the direction Suskind clearly wishes the White House had gone.”

However, DeLong does list quite a few things that he learned from the book.  The following is one of the items I find indicative of Obama’s failings:

I learn that Barack Obama was attracted to the idea that on top of our business-cycle demand-driven downturn was a longer-run trend rise in technological unemployment that virtually guaranteed that the recovery would be “jobless”:

[Summers and Romer] were concerned by something the president had said in a morning briefing: that he thought the high unemployment was due to productivity gains in the economy. Summers and Romer were startled. “What was driving unemployment was clearly deficient aggregate demand,” Romer said. “We wondered where this could have been coming from. We both tried to convince him otherwise. He wouldn’t budge.” Summers had been focused intently on how to spur demand, and on what might drive a meaningful recovery…. [W]ithout a rise in demand, in Summers’s view, nothing else would work…. But productivity?… If Obama felt that 10 percent unemployment was the product of sound, productivity-driven decisions by American business, then short-term government measures to spur hiring were not only futile but unwise. The two economists strained their memory… had they said something he’d misconstrued?… After a month, frustration turned to resignation. “The president seems to have developed his own view,” Romer said.


I found a link to chapter 1 of Confidence Men: Wall Street, Washington and the Education of a President by Ronald Suskind.

The New Yorker has an article on the book titled The Book on Barack.


Robert Reich: Why This is Exactly The Time to Rebuild America’s Infrastructure

Robert Reich: Why This is Exactly The Time to Rebuild America’s Infrastructure explains the following:

Now connect the dots. Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation’s infrastructure.

Problem is, too many in Washington have less than half a brain.

Coincidentally, before I read this article, I had posted a comment that with trillions of dollars of needed infrastructure investment and prices so low to do the work, it should be a no-brainer to do the work now.  The only difference between Reich and me is that I don’t even think it should take any brains to figure this out.

With the Republicans and Faux Noise spewing the opposite idea 24/7, it just takes as much repetition on our side as they have on their side.  People are not thinking (not using any brains).  They are on automatic pilot and following what they hear most often.

If we could repeat the truth often enough, maybe we could get people to think.  Once they started thinking, they too might see the obvious.

Maybe we also need to repeat the part where Robert Reich says:

Seems like only yesterday conservative nabobs of negativity predicted America’s ballooning budget deficit would generate soaring inflation and crippling costs of additional federal borrowing.

Remember Standard & Poor’s downgrade of the United States? Recall the intense worry about investors’ confidence in government bonds — America’s IOUs?

Hmmm.

Last week ten-year yields on U.S. Treasuries closed at 1.83 percent.

In other words, they were wrong.

The Republicans are proved so wrong, so fast, so many times, why do they have any claim to credibility?  Repetition.

There have been so many times in my life when I have seen an open door to a seemingly public building with no signs forbidding entry.  As I head for the door, my companion will say “You can’t go in there!”

I say, “Oh, yes I can.  What’s to stop me?”  So we go in and my companion has to admit the only thing stopping us would have been the belief that “You can’t go in there!”

So to all the people who think, “You can’t borrow money to fix the infrastructure and create jobs!”  I say, “Oh, yes we can.  What’s to stop us?”


DOJ Says They’ve Debunked The ‘$16 Muffin’ Myth

In the article DOJ Says They’ve Debunked The ‘$16 Muffin’ Myth, the cost is explained.

“The package consisted of food, beverages, staff services and function space, including a 450-seat ballroom and more than a dozen workshop and breakout rooms each of the five days of the conference.”

This answer is so obvious, one wonders how the DOJ’s Inspector General could have been so silly as to make the accusation in the first place.  Imagine an Inspector General going after this kind of stuff when we have issues of past corruption and approval of torture in the DOJ.  I guess any little thing that will distract from the real issues is what the Inspector General’s job requires.

As I watched CBS new anchor Scott Pelley repeat the charge on several nights, I wondered about his competence.  Is it possible to  suppose a person in his position has never been to a large social function to see the resources that a hotel puts out to host a large gathering before they even set out the food?

Surely not.  So you know that when Scott Pelley sits there and says these things with a straight face, that he is pulling your leg.  This kind of “understanding” of what they report is what has turned me off from watching Scott Pelley’s previous program 60 Minutes. I can’t remember when it was that I finally got sick and tired of 60 Minutes.  It must be 20 to 30 years ago.

For a brief while after I decided to give Pelley another chance by watching CBS Evening News, I thought that Pelley might have left behind the shenanigans of 60 Minutes.  What a forlorn hope that a news anchor could exhibit half the intelligence of most of his audience.


Regain the governing mandate of the 2008 election

I have created a petition on the Whitehouse web site, We petition the Obama administration to: Regain the governing mandate of the 2008 election by acknowledging your mistakes that cost you the mandate and fix it.  There is also a short URL that you may use to access the petition – http://wh.gov/42B.

Signatures needed by October 25, 2011 to reach goal of 5,000.  This number is the minimum needed for the staff to bring this to the attention of the President.  This is your chance to do more than just complain about the President’s lackluster battle for progressive principles.  Click on the above links to add your vote.  Also spread the word about this petition.

Below is the description to back up the title of the petition:


The President has noted that many of his supporters from the 2008 election have become discouraged. In order for the President to be effective, he must regain the discouraged supporters and thus his mandate to accomplish the goals for which we elected him.

In order for these supporters to regain the faith we initially had, he must acknowledge his mistakes in failing to use the mandate and the people who gave it to him. He must acknowledge that he failed his primary role of educating his supporters and prospective supporters about the reasons behind each and every initiative he took.

The President must acknowledge that it was his failure to enlist the mass of his supporters. He needs to acknowledge that he understands that his tactical compromises are what lost him his strategic advntg


That last word advntg is of course an abbreviation of advantage.  It had to be shortened to get the description to fit in 800 characters.


If you have trouble signing the petition, read my post How To Sign a whitehouse.gov Petition.


As of October 01, 2011 10:44 EDT the petition has received 3 votes. Only 4,997 to go.

As of September 28, 2011 19:39 EDT the petition has received 2 votes. Only 4,998 to go.

As of September 27, 2011 20:32 EDT the petition has received 1 vote. Only 4,999 to go.

As of September 26, 2011 19:46 EDT the petition has received 1 vote. Only 4,999 to go.


War of words over global warming as Nobel laureate resigns in protest

I found the article War of words over global warming as Nobel laureate resigns in protest on the UK Telegraph web site.

A Nobel laureate has quit one of the world’s leading organisations for scientists in protest at its assertion that the evidence of damaging global warming is “incontrovertible”.

After reading this, I had mixed feeling to say the least.  I was not going to make a blog post about this.  However, after making the post What Can We Say About 9/11? And How Can We Say It?, I started to think that I couldn’t avoid posting this one about global warming.


What Can We Say About 9/11? And How Can We Say It?

In thinking about how to make a blog post out of this, I ended up in a circular, self-referential discussion about this with myself.  Here is a comment I made on a video clip of the Bill Maher show.

Maher has some very good advice for himself.  On a slight twist for what he is recommending for U.S. policy, maybe the people who say things about 9/11 that anger people should ask themselves, “Do I really want to do this?  What’s the point?”

Yes, they have every right to say what they do.  They even have a valid point.  They even know that the reaction might be to their remarks might not be rational.  As he says about the US putting bases in places like Saudi Arabia, “Do I really want to do this?  What’s the point?”

The people who get angry about this kind of remark about our Saudi Arabian policy don’t want to take this advice any more than Maher wants to take the advice about being cautious with his own remarks.

What irony on both sides.

As I thought about including the video in this post, I had to ask myself, “Do I really want to do this?  What’s the point?”

The point of this blog is only to allow people to think about the circularity about reasoning about this question.  It might also raise some thoughts about applying such reasoning on the reverse side of related issues.  Hence, the circularity of the whole discussion. And finally to the last part of the headline.  If we want to have a conversation to figure out what to do, how can we have it?

Since I do not want to anger people, I am not going to embed the video in this post.  I will give you a link to the item that has the video replay.  Click on the link only if you really want to see the video.  Maher, Moore defend Tony Bennett’s 9/11 comments.

To the mathematically inclined reader, shades of Gödel’s incompleteness theorems.


Israel Could Partner With Terrorists To Fight Turkey

Now that I am on my Cenk Uygur kick, I stumbled across the video Israel Could Partner With Terrorists To Fight Turkey

If you want your head to really spin, watch this video that talks about Israel, Palestinians, Turkey, Armenians, and Muslims. I am not sure you can tell the good guys from the bad guys without a program. (My head is spinning so much, I can’t even figure out if that pun is intended or not.)


This really ought to light a fire under the discussion that has started on my Facebook page since I posted a number of articles about the Middle East today.