Pardon the Mess

I discussed the pardon issue recently. Now there is speculation that Bush could issue preemptive pardons in the final days of his administration. Read Daily Telegraph, George W Bush could pardon spies involved in torture, ABCNews, Record Numbers Seeking Bush Pardons, and Newsweek, Pardon Me? Don’t Bet On It.

Would blanket amnesty for those who carried out Bush's policy of torture be seen as a tacit admission of guilt?

Let Them Go Bankrupt, Cont.

Should the the future of the American economy depend on politically powerful capitalists who use their influence to create a stagnant corporate welfare state or a process of creative destruction with safety nets so workers can survive the dynamic changes? Read The New York Times, Bailout to Nowhere.

Economics Professor at Harvard University Endorses My Idea of Preemptive Reorganization

An economics professor at Harvard University endorses my idea of preemptive reorganization. Read Washington Post, A Chapter For Detroit To Open.

I should get paid for this, gold preferred until further notice.

Gross Abuse of Power and Lies

Was the corruption prosecution of former Alabama governor Don Siegelman, a Democrat, in 2006, politically motivated by Bush-appointed officials at the Justice Department who had close ties to Karl Rove? And did the Department of Justice lie about it? Read Time, More Allegations of Misconduct in Alabama Governor Case.

Reminds me of communism, where state officials abused government power for political purposes.

Perhaps that is why the color red symbolizes the Republi-con Party.

A Slump Worse Than the Depression?

Former Goldman Sachs chairman John Whitehead foresees a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself. Read Reuters, Whitehead sees slump worse than Depression. His solution, higher taxes to pay for the "trillion dollar problems" facing the United States, including social security, expanding health insurance, rebuilding infrastructure and increased spending on green energy.

Otherwise the nation's credit rating could be downgraded, which could lead to inflation, or even hyperinflation. (Think Zimbabwe.)

No one wants to admit "the painful truth that their country is hurtling toward a debt-induced economic disaster."

Just Angry Old White Men For the GOP

As the GOP ponders its future, whether to focus on angry old white men or form a new winning coalition, parties leader might consider An English Lesson, from The New York Times.

Do You Like Your Planet Hot or Cold

Is humanity sitting on a ticking time bomb? Is global warming a crisis?

Or will greenhouse gases stave off a long, big chill? Read The New York Times, Dot Earth: Will the Next Ice Age Be Permanent?

Confused yet?

UPDATE: Read The New York Times, Dot Earth: More On Whether a Big Chill Is Nigh.

No More Bailouts Until . . .

Now everyone wants a generous bailout. Companies are being chartered as banks. When will it end.

Before anymore government money is handed out, establish a clear and transparent process -- call it preemptive reorganization. And make it tough to discourage future thoughts of government bailouts.

Any company that wants a government bailout should be forced to reorganize like a company in bankruptcy and all executives and directors should be fired.

There should be no auto industry bailout until Congress reads this article, The New York Times, How to Fix a Flat. And if the U.S. auto industry wants a bailout, the Michigan governor and congressional delegation should also be forced to resign.

Any other ideas?

Dems Thank FOXNews

Did Obama win because FOXNews and talk radio, a constant source of right-wing fantasies, promote obsessions that are not the issues that are important to American voters? Read Washington Post, You Report, We Marginalize. The column, written as a letter to Roger Ailes, President, Fox News, states in part:

"The election has left the Republican Party reeling, its base shrunk to those Southern, Plains and Mountain West states where rural cultures still predominate. The party's smarter strategists are arguing that the worldviews of the social conservatives and free-market extremists who dominate the GOP are either irrelevant or ridiculous to voters in the middle of the political spectrum. "We can't be obsessed with issues that are not the issues that are important to American voters," Jim Greer, chairman of the Florida GOP, told the New York Times.

But Fox has won its viewership precisely by promoting such obsessions.

During the campaign just completed, you guys focused on Barack Obama's allegedly Muslim and alien roots and socialist ideology; meanwhile, in the real world, unemployment rose, foreclosures soared and Wall Street went flooey. Over the past eight years, you beat drums for such causes as state intervention in the Terri Schiavo case. You demonized undocumented immigrants (okay, CNN's Lou Dobbs gave you a run for your money on that one). You fed the Republican base with a steady diet of bile -- and now that bilious base is the biggest impediment to the Republicans' repositioning themselves so that they can win elections again. . .

You're not alone in reinforcing those beliefs that marginalize the Republican right, of course. You've got plenty of help from Rush and all the little Limbaughs who dominate talk radio. But together with your allies, you haul truckloads of troglodyte garbage to your flock. . .

And rather than present these voters with a picture of a complex, changing world, you guys at Fox serve chiefly to reinforce their fears, to paint people who hold different viewpoints as alien and threatening.

In that sense, your work remains dangerous and disintegrative to the nation. But it is also, more narrowly, tactically, for now, a great gift to liberals and Democrats. You ensure the ongoing Palinization and marginalization -- electorally, the terms are synonymous -- of the Republican Party.

And to think that you're doing all this not on the Democratic National Committee's dime but on Rupert Murdoch's."

It is an interesting theory, and if true, the Dems don't need the fairness doctrine.

What do you think?

The Future of the Republi-con Party

Is it a battle between 'Traditionalists' (who rally behind Rusty, Sheeeephish and Diva and say that they will cut government, cut taxes, and restrict immigration) and 'Reformers' (who "propose new policies to address inequality and middle-class economic anxiety")? Read what one conservative thinks, The New York Times, Darkness at Dusk.

In the short term it doesn't look very promising for the GOP.

Barack's House

Barack's House, a parody of Brick House by The Commodores.

I thought it was cute. I hope nobody thinks otherwise.

Run Baby Run

Who should be the Republican presidential candidate in 2012?

One polls says Republicans want Palin in 2012.

Vote in the NoBullU poll.

Let Them Go Bankrupt

The bailout is running out of money. I explained over a month ago why the bailout won't work and suggested a solution that would be less expensive for taxpayers. Here is an update.

It is time to let these companies go bankrupt. Chapter 11 bankruptcy allows companies to continue to operate while they reorganize, and it cost taxpayers nothing. Of course, Goldman Sachs, Treasury Secretary's former company and the source of his wealth, might lose $20-40 billion when AIG goes bankrupt. This explains why the government continues to prop up AIG. Japan tried to prop up sliding stock and real estate prices at the end of the "Japanese asset price bubble" of the late 1980s, and the effort resulted in a decade of stagnant economic growth. Bankruptcy is much quicker and cheaper for the taxpayers.

(The bailout was also used to make a tax change favorable to Fat Cat banks and the A.I.G.’s of the world, but that is a story for another post.)

Bankruptcy laws also should be amended to temporarily allow bankruptcy courts to reform the terms of loans secured by primary residences. This would reduce the number of foreclosures, again at no cost to the taxcpayers.

Let them go bankrupt.

Spend Baby Spend

According to the newest winner of the Nobel Memorial Prize in Economic Sciences, the government should throw caution to the wind and spend a lot of money. Read The New York Times, Franklin Delano Obama?

This is the second time that Paul Krugman has recommended a major fiscal stimulus in the form of actual government spending.

Will the Dems be able overcome their reluctance (NOT) to spend government money?

Festivus for the Rest of Us

Remember the Seinfeld episode which reintroduced America to the Festivus 'holiday.' I'm reminded of the so-called holiday by a recent article in The New York Times, From Tiny Sect, a Weighty Issue for the Justices.

It seems that adherents of a 'religion' called Summum are demanding a Utah city, that displays a donated Ten Commandments monument, accept and display a monument, similar in size and nature to the one devoted to the Ten Commandments, inscribed with the sect's Seven Aphorisms.

What next, a Festivus pole next to the Christmas nativity scene.

Another Sweetheart Deal for Paulson's Former Company

A deal is a deal, except when your former boss happens to be the Secretary of Treasury, in which case normal rules that apply to you and me, such as repaying loans even if you regret the terms of the original agreement are waived for another sweetheart deal. Read Washington Post, Government Again Expands AIG Rescue Plan and The New York Times, A.I.G. Secures $150 Billion Assistance Package and U.S. Provides More Aid to Big Insurer.

You might remember that over a month ago I recognized the apparent conflict of interest in allowing Treasury Secretary Henry M. Paulson Jr. to bailout his former firm Goldman Sachs. Paulson 'earned' over $650 million as CEO of Goldman Sachs, including stock options and the special treatment of AIG is designed to save Goldman Sachs 10s of billions of dollars. From an article in September:

"Although it was not widely known, Goldman, a Wall Street stalwart that had seemed immune to its rivals’ woes, was A.I.G.’s largest trading partner, according to six people close to the insurer who requested anonymity because of confidentiality agreements. A collapse of the insurer threatened to leave a hole of as much as $20 billion in Goldman’s side, several of these people said.

Days later, federal officials, who had let Lehman die and initially balked at tossing a lifeline to A.I.G., ended up bailing out the insurer for $85 billion."

Can you say conflict of interest. Don't forget that in the first draft Paulson demanded that Congress forbid judicial review of his decisions on use of the money in the bailout. Not only would his decisions have been beyond review but so would the actions of his pals in the banking world.

Good money is being wasted to save Paulson's former company.

This is nothing less than corrupt, but some people get special treatment. (Just ask former University of Alabama and famous NFL quarterback Kenny Stabler, who was acquited of DUI after an Alabama judge ruled that evidence that the former football star refused to take a breath test was inadmissible.)

Paulson should be removed from office, the money he 'earned' as CEO should be forfeited, and AIG should be forced into bankruptcy to save taxpayers further expense.

Class Today at No Bull U on WEBY

Listen to the voice of wisdom and reason in a wilderness of partisan rhetoric -- No political insanity, no conservative hypocrisy, no liberal foolishness -- Just straight talk, straight at you, and that’s no bull!!

NoBullU will be on air today, Friday, from 4:05 to 6 p.m. at 1330 AM WEBY and on line, courtesy of Cyber Smart Computers.

Today's topic: Election results and whatever else you want to discuss.

Tune in, call in, but only if you can handle the truth!

Vote Again, This Time for 2012 GOP Candidate

Who should be the Republican presidential candidate in 2012?

Vote in the NoBullU poll.

No Future in Fear Anger and Hatred

The lesson for the GOP in this election should be that there is no future in fear, anger, and hatred. It proved an effective election strategy for a short time, but fear, anger, and hatred made a poor governing philosophy. If you want confirmation from a Republican, read Boot's Blasts, Why the GOP Lost, where he writes:

"What President Bush represented to a majority of people is a sneering, arrogant, chip-on-his-shoulder, my-way-or-the-highway face of this era’s conservatism; in fact, that also became the face of the United States around the world. And it was that face that voters rejected on Tuesday.

President Reagan was just the opposite: a cheery disposition, a funny laugh and chuckle - and a pleasant demeanor all while trying to convince - not browbeat or threaten - others to change their minds.

If we, as conservatives, are to come back to power we will have to project a totally different face and persona.

The Republican Party will have to become a party of “smart” people who can reach out to the suburbs (where we were completely wiped out) and to educated people. And at the same time we need to keep our base of committed conservatives, too.

In fact, we have to get rid of this exuberant disdain for well-educated people and for education itself. G.W. Bush and Sarah Palin have reveled in their dislike for education, for well-educated people and for reading and for acquiring knowledge.

It used to be in this country that everyone worshiped education and wished to have a great education but somewhere along the way many on the Right have transposed their hatred (well-deserved, by the way) for the Leftism taught in our colleges and universities into hatred of the actual education itself. And that is a tragic mistake. Because only reading the Bible and nothing else isn’t enough to solve this nation’s multitude of problems. In fact, we need to ask God to help us all learn more and know how to learn more in order to keep up with the ongoing and exponentially expanding base of knowledge on all topics.

So we are going to need to change the face of the conservatism; less anger, more brains.

And we need to move on from the Bush Era. Please, no talk of Jebbie in 2012!

Let us first settle on the direction we need to move - and then find new candidates who can sell that message.

For those of you who think the country is doomed, you are wrong. Any time you believe that a majority of your fellow citizens are idiots, you don’t get the majesty of our nation. Obama’s election means something to these people. It is good that they have their chance to run our country. If they do well, we all do well. And if they can’t get a handle on our problems - and if we re-make ourselves into a smart party - then we can and will come back to power.

But first we have to earn our way back."

We will see if the GOP learns anything from this election.

Tidbits About the 2008 Election

The election is over, and interesting tidbits of the campaigns are being published. From Newsweek, Hackers and Spending Sprees:

"The computer systems of both the Obama and McCain campaigns were victims of a sophisticated cyberattack by an unknown "foreign entity," prompting a federal investigation . . .

Palin's shopping spree at high-end department stores was more extensive than previously reported . . .

The Obama campaign was provided with reports from the Secret Service showing a sharp and disturbing increase in threats to Obama in September and early October, at the same time that many crowds at Palin rallies became more frenzied . . .

On the Sunday night before the last debate, McCain's core group of advisers—Steve Schmidt, Rick Davis, adman Fred Davis, strategist Greg Strimple, pollster Bill McInturff and strategy director Sarah Simmons—met to decide whether to tell McCain that the race was effectively over, that he no longer had a chance to win. The consensus in the room was no, not yet, not while he still had "a pulse."

The Obama campaign's New Media experts created a computer program that would allow a "flusher"—the term for a volunteer who rounds up nonvoters on Election Day—to know exactly who had, and had not, voted in real time. They dubbed it Project Houdini, because of the way names disappear off the list instantly once people are identified as they wait in line at their local polling station . . .

McCain also was reluctant to use Obama's incendiary pastor, the Rev. Jeremiah Wright, as a campaign issue. The Republican had set firm boundaries: no Jeremiah Wright; no attacking Michelle Obama; no attacking Obama for not serving in the military. McCain balked at an ad using images of children that suggested that Obama might not protect them from terrorism. Schmidt vetoed ads suggesting thatObama was soft on crime (no Willie Hortons). And before word even got to McCain, Schmidt and Salter scuttled a "celebrity" ad of Obama dancing with talk-show host Ellen DeGeneres (the sight of a black man dancing with a lesbian was deemed too provocative).

Obama was never inclined to choose Sen. Hillary Clinton as his running mate, not so much because she had been his sometime bitter rival on the campaign trail, but because of her husband. Still, as Hillary's name came up in veep discussions, and Obama's advisers gave all the reasons why she should be kept off the ticket, Obama would stop and ask, "Are we sure?" He needed to be convinced one more time that the Clintons would do more harm than good. McCain, on the other hand, was relieved to face Sen. Joe Biden as the veep choice, and not Hillary Clinton, whom the McCain camp had truly feared.

On the night she officially lost the Democratic nomination, Hillary Clinton enjoyed a long and friendly phone conversation with McCain. Clinton was actually on better terms with McCain than she was with Obama. Clinton and McCain had downed shots together on Senate junkets; they regarded each other as grizzled veterans of the political wars and shared a certain disdain for Obama as flashy and callow.

At the GOP convention in St. Paul, Palin was completely unfazed by the boys' club fraternity she had just joined. One night, Steve Schmidt and Mark Salter went to her hotel room to brief her. After a minute, Palin sailed into the room wearing nothing but a towel, with another on her wet hair. She told them to chat with her laconic husband, Todd. "I'll be just a minute," she said."