Progressive Massachusetts has produced a comparison document on the records of Ed Markey vs. Stephen Lynch in the race for the U. S. Senate seat.  Click on the previous link if you want a PDF version of the image below.

Of course this is just an indication. Do your own due diligence before deciding.

April 30, 2013

I notice a lot of people are reading this blog post in the last two days. What has become increasingly apparent is that Ed Markey is the only truly progressive candidate in this race in either party. For instance, all the other candidates seem to be in favor of repealing Obamacare after we fought so hard to get a barely acceptable plan in place. I hear that Stephen Lynch has even abandoned the pretense that he voted against it because it was not good enough. I remember how the election of Scott Brown to the Senate was the final nail in the coffin of getting a good bill passed. If Lynch thinks we can repeal what is in place and get something better, I have to wonder what he is smoking.

After we worked so hard to get Elizabeth Warren elected and Scott Brown ousted, the last thing we need to do is repeat the original mistake by putting anybody else in the Senate but Ed Markey.

Politicus USA has the article Obama’s Reelection is Literally Destroying Fox News .

President Obama’s reelection has had a devastating impact on Fox News. Ratings are down, viewer trust is at an all time low, and now the network is caught in the middle of a Republican civil war.

I suppose it might be good if this were true.  And perhaps it is true.  But “frankly, my dear, I don’t give a damn.”

Of course, I only publish this for my dear readers who might care 🙂

Just so you know that I wasn’t shirking my duty here, the album of pictures from the aftermath of the Blizzard of 2013 should show you where I spent my time.

Here is a teaser.

Underestimate of the amount of snow we got

I mentioned the CBS Evening News Story Postal Service to drop Saturday mail delivery in my previous blog post The post office isn’t broke — it’s being robbed.  I was wrong about CBS Evening News not mentioning the pension problem.  See for yourself in the video below.

In the snippet from Senator Susan Collins (Republican of Maine), they do not have her mentioning the part that the Republicans played in this problem back in 2006. You notice that House Speaker John Boehner makes a cryptic reference to a problem that the Congress caused without mentioning that it is the Republicans that caused it or what exactly that they did.

The snippet of the remarks from the Postmaster General does not go over the major cause of the problem, which is the ridiculous pension obligation that the Republicans in Congress foisted on the Postal Service, and only the Postal Service.

So do you think that CBS Evening News has adequately covered the reasons for the Postal Service’s problems? Or is CBS Evening News cooperating in a cover-up?

You can see if CBS Evening News responds to my comment on their web site.

Credo Action is asking us to sign a petition.  See their request at The post office isn’t broke — it’s being robbed.

The United States Postal Service has just announced that due to budget shortfalls, mail will no longer be delivered on Saturdays starting in August.

It’s true the post office faces financial challenges. But the financial problems are in large part a direct result of an onerous and ill-considered 2006 law called the “Postal Accountability and Enhancement Act” (PAEA) that mandates pre-funding the postal service retiree health care and pension benefits for 75 years — something that no other government agency or private company is forced to do.

The vast majority — 85% — of the budget red ink comes from this pre-funding mandate despite the fact that, according to the post office Inspector General, the pension is over-funded and reserves for retiree health care are far higher than the federal government as a whole, the military and almost all Fortune 1000 companies.

I saw the news report by Scott Pelley on the CBS Evening News on Friday.  He went through a litany of reasons for the US Postal Service’s deficit, but did not mention the reason that is behind 85% of the deficit.  I wanted to scream or throw something at the TV.  Who has got so much power over CBS Evening News that they could get CBS Evening News to suppress this information?

It’s not like I haven’t been blogging about this subject for over a year.

Postal rescue faces uncertain future after Senate OK’s bill

Republican Saboteurs Go After The Post Office

Who Woulda Thought – A Manufactured ‘Crisis’ At The Post Office

I  thank JaneS for forwarding the email about the Credo Action petition.

March 1 is the end of the comment period where signing the petition will do the most good. If there are multiple people in your house hold, have each one sign the petition individually.

I think that the strongest line of defense for the moratorium may be that incinerators will never be a good solution no matter how much research is done. However, if research does eventually find a solution, that would be the time to spend money to build such a system outside the lab, not now.

If right now, 4 tons of waste go in, and 1 ton of ash comes out. This gives the impression that we have just gotten rid of three tons of waste. True, we have gotten it out of the landfill site, but then three tons of pollution went into the air.

If we can barely contain the solid waste pollution runoff in the landfill, why would releasing three tons into the air be better? Other than it gets it out of our sight, and gives it to some place else where the three tons that went into the air settles.

To make an incinerator viable we will have to make the ash and captured residue be a very high percentage by weight of the solid waste that went in. This may save space in the landfill, but the full amount of pollutants will still be in the landfill. The particles will just be much smaller, more solvent, and more easily washed away with rainfall runoff.

Until someone can show that all of these incinerator life cycle problems can be solved in the lab, then there is every reason to keep the moratorium in place and no reason to even go to a model sized system, let alone a full sized system.

Whatever money would be wasted in building a life sized system would be better spent in research in a laboratory. If this research never pans out, think of how much wasteful and useless spending this will have saved us.

The American Prospect has the article Wonder Warren. The article describes actions that Elizabeth Warren is taking on some reviews that the Office of the Comptroller of the Currency (OCC) ordered “to help settle a probe into illegal mortgage practices that shortchanged homeowners and, in some cases, improperly kicked people out of their homes.”  The OCC decided to give up on these reviews and spend their efforts elsewhere.  Here is some of what The American Prospect article had to say:

Enter Senator Warren. She and Representative Cummings have asked OCC and the Federal Reserve for all performance reviews the two agencies conducted during the program before nixing it; the amount of money the banks paid their third-party reviewers; and the total number of reviews, along with the percentages of those in which errors were found. “Public confidence in the banking system has been badly undermined by a widespread concern that large financial institutions are not held fully to account when they break the rules—and that consumers are not sufficiently compensated,” Warren and Cummings wrote in their letter to the OCC and the Fed last week. “It is critical that the OCC and the Federal Reserve disclose additional information about the scope of the harms found to establish confidence in the sufficiency and integrity of the settlement.” Warren’s belief in the power of transparency—which in this case means releasing public data whose collection the government mandated—to improve public policy has been a driving force even before she reached the Senate. For example, the CFPB Consumer Response Center—an initiative Warren championed when standing up the agency—makes available data from the organization’s complaint hotline about consumer-credit abuses and is an integral part of the supervision process.

While the information in the Independent Foreclosure Reviews may be flawed, it’s critical to know what was gathered. Too often in post-financial-crisis settlements with Wall Street banks, regulators settle on a remedy without determining or taking into account the level of harm. What’s more, without an accounting of the mortgage-servicer industry’s previous practices, it will be nearly impossible to fix the broken mortgage-servicer industry.

Yay, Elizabeth Warren.

Motley Fool has the article The Father of Value Investing in Action.

Last Friday at the Columbia Student Investment Management Association conference, Columbia business school released a 15-minute video called “The Legacy of Ben Graham,” which shows rare footage of Graham teaching, as well as interviews with some of his former students who went on to become great investors. It’s well worth watching.

The most insightful comment comes at 14 minutes and 46 second at the end of the video. Benjamin Graham is answering a student’s question as to why Wall Street experts are not more reliable in their predictions.

Your question as to why they are not more dependable is a very good one and an interesting one. My own explanation for that is this, that everybody in Wall Street is so smart, see, that their brilliance offsets each other, and that whatever they know is already reflected in the level of stock prices pretty much, and consequently what happens in the future represents what they don’t know.

The Daily Kos has started a petition which you can sign by following the link  here. Here is the gist of their explanation:

Just weeks after Democrats and Republicans reached agreement on a watered down version of filibuster reform, Senate Republicans are up to their old obstructionist tricks. More than 40 Republican senators have stated they will filibuster any nominee to the Consumer Financial Protection Bureau unless Democrats agree to gut the CFPB’s power to actually protect consumers.

Senate Majority Leader Harry Reid stated that if Republicans continued to abuse the filibuster, he might re-open the process to change Senate rules. Given this latest Republican move, Reid may need to re-open that process sooner rather than later.

Please sign our petition urging Harry Reid to re-open the process of filibuster reform in the Senate. We must remain vigilant and build the case for filibuster reform every time Republican obstructionism prevents the Senate from functioning as it should.

Perhaps The Daily Kos read my blog post of four days ago, Senate Republicans will oppose Cordray again for Consumer Financial Protection Bureau.

Here is your chance to do something about the blockage in the Senate. Read this email that I received from MoveOn.

Dear MoveOn member,

Mitch McConnell is the biggest obstructionist in the U.S. government—a human roadblock stopping any progress in Washington.

McConnell’s the reason the terrible idea to cut folks’ Social Security won’t go away. And when, just last week, his backroom deals killed reform to make the Senate more productive, he bragged about it. McConnell’s a prime example of what can happen when a politician puts his donors and his party before the well-being of his constituents and his country.

But get this: Mitch McConnell, the most powerful Republican in the Senate, is vulnerable right now. For the first time in 28 years, he could actually lose his next election. He’s the most unpopular senator in the country.¹ And in a recent poll, only 17% of Kentucky voters said they plan to vote for him next year!² If we buckle down right now and commit to this race, we can put McConnell out of office in just two short years.

That’s why, before this election is fully engaged and the airwaves are flooded with Super PAC cash, we’re launching a Ditch Mitch campaign to go after McConnell early. We need to lock in McConnell’s unpopularity among Kentucky voters starting now and signal to other progressives that this race is winnable. It’s the same strategy Obama used to beat Romney.

Then, when McConnell finishes his primary race, weakened and demoralized, he’ll be looking at 70,000 MoveOn members in Kentucky ready to take him on—backed by the strength of 7 million more across the country.

If we can raise $300,000 in the next 24 hours, we can roll out our early offensive to take McConnell’s Senate seat.

Can you chip in $10 to help voters Ditch Mitch?

To make this a reality, we need to begin building an infrastructure and campaign team now, because McConnell’s starting with $7 million in the bank, and he’s already spent the past week attacking MoveOn to fire up his base.³

But MoveOn members are up to the fight, because we know that getting rid of McConnell means an immediate opportunity for more progressive wins, and the biggest setback Senate Republicans have faced in a decade.

Here’s a glimpse of what we’ve got in store:

• We’ll help individual MoveOn members across Kentucky launch and run a network of independent, super-local, creative mini-campaigns that can do serious damage to McConnell’s reputation in their communities.
• We’ll crowdsource ad ideas from our 7 million members and bring back the same team who produced some of the best political ads of 2012.
• Every time he’s in Kentucky, we’ll be following McConnell at speaking events and fundraisers.
• The entire time McConnell is fighting off his primary challenger, we’ll be using methods we honed in this past election to systematically speak with every Democrat and progressive in Kentucky—and there are 500,000 more Democrats than Republicans.

There’s a lot more we can do to end McConnell’s Senate run. But it has to start right here, with $300,000 to kick-start this two-year campaign. Can you contribute today?

Yes, I can chip in $10 to Ditch Mitch!

Thanks for all you do.

–Ilya, Steven, Stefanie, Wes, and the rest of the team

Sources:

1. “Poll: The most unpopular senator,” Politico, December 11, 2012
http://www.moveon.org/r?r=286782&id=61837-7776955-w3psqOx&t=7

2. “Mitch McConnell support weak in poll,” Politico, January 28, 2013
http://www.moveon.org/r?r=286780&id=61837-7776955-w3psqOx&t=8

3. “Mitch McConnell starts with big war chest,” Politico, January 31, 2013
http://www.moveon.org/r?r=286787&id=61837-7776955-w3psqOx&t=9

Want to support our work? We’re entirely funded by our 7 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Chip in here.