December 8, 2010
July 19, 2010
February 13, 2009
January 6, 2009
The Tattlesnake – Them That’s Got and Stan Getz Edition
And This Day in Hell…
“Them that’s got shall get,
Them that’s not shall lose…”
– From “God Bless the Child (That’s Got His Own),” by Arthur Herzog Jr. and Billie Holiday, and recorded by her for Okeh Records in 1941.
“Free market capitalism — as a faith — really is an inverse of Marxism. It is a theology that believes their system will bring paradise on earth and moral perfection. When their system is in power in the real world, their true believers claim that any problem only happened because their ideology has not been applied with sufficient purity.”
– Larry Beinhart, “The Fall of a Free Market Prophet,” Common Dreams, Dec. 7, 2008.
“Sometimes the Invisible Hand is all thumbs.”
– Jared Bernstein, C-Span, April 16, 2008.
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
– Ernest Hemingway [Bush reversed the formula, but it's still true today.]
So far we’ve seen the Top Dogs – underline ‘dogs’ – of Wall Street and Detroit parade before Congress insisting they need our tax money to bail them out. The former ‘Masters of the Universe’ have made so many stupid short-term decisions they have shamed their MBA parchment into so much worthless sheepskin accorded to those who can pay the tuition, or have the family clout, to squeeze them through college. To add insult to injury, the bankers who have fleeced us for billions in the name of providing credit to keep businesses going have refused to use our money to provide credit to keep businesses going, instead financing bonuses for themselves, luxury retreats at pricey resorts, and apparently precipitating a sit-down strike by 300 union workers at a Republic Windows and Doors factory in Chicago last month. Not only were these people unceremoniously fired and given one day to clear out, the company reneged on its contract to provide wages and vacation pay owed them and the severance pay they were guaranteed. That’s right – Republic refused to pay wages and vacation pay already earned and blamed it on the Bank of America, while they hastily moved their Chicago equipment to Iowa. BoA received $25 billion of our tax dollars to avoid just this kind of situation. Fortunately, thanks to nationwide publicity for this sit-down strike, and support from near-President Obama, the Republic workers finally received their back wages and other pay, but let’s see this for what it was: A naked attempt to bust the union, and it was mostly successful. Republic’s union workers are still out of a job and the company has set up a low-wage non-union plant in Iowa. (Incidentally, inquiring minds would like to know: who is paying the salaries of Republic’s top executives and how much do they make?)
Morality and ethics hardly exist in the corporate boardroom but, if this isn’t wrong, what is?
How to correct it? Let’s hope President Obama takes a page from Franklin D. Roosevelt, especially his Economic Bill of Rights speech delivered January 11, 1944, during the Second World War, which included:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.
As FDR concluded: “All of these rights spell security. And after this war is won we must be prepared to move forward, in the implementation of these rights, to new goals of human happiness and well-being.
“America’s own rightful place in the world depends in large part upon how fully these and similar rights have been carried into practice for our citizens.”
If we have those rights, the economy will take care of itself.
What Does Late Jazz Sax Player Stan Getz Have to Do with Our Economic Meltdown? Read on:
September 25, 2008
The Tattlesnake – October and Other McCain Surprises Edition
Or, St. John and His Cowardly Lyin’
“Presidents have to deal with more than one thing at a time.”
– Barack Obama, Sept. 23, 2008, as quoted by Business Week.
All politicians lie to some degree; it’s a gloomy fact of national politics in America, and the higher the office sought, the more likely and frequent the infractions of the truth.
Some self-servingly shade reality intermittently, others cross their fingers behind their backs and deliver the quasi-whopper occasionally, and then there are the full-out Nixonian scoundrels who’ll tell a lie at the drop of a hat in the ring.
John McCain, in his conduct since becoming the Republican nominee, has crossed the Nixon threshold of deceit, most recently by calling David Letterman at the last minute and telling him he couldn’t appear on his show September 24th because he had to urgently drop everything and fly to Washington to delve into the bailout crisis.
McCain’s prevarication to Letterman blew up in his face when the talk show host discovered McCain was still in New York City for many hours after that phone call; indeed, McCain was being interviewed by CBS’ Katie Couric not far from the theater where Letterman tapes his show and could easily have stopped in and kept his commitment to Letterman. As Dave said sarcastically, showing a live feed of McCain talking to Couric, “Need a ride to the airport, Senator?”
This is self-destructive blowback of the first order: Letterman reaches tens of millions of viewers across the land, many of them the politically semi-literate that McCain is trying to reach with his over-simplified messages of ‘maverick reformer,’ ‘reliable leader’ and comfortable ‘regular guy,’ and Letterman spent most of the show last night, including his notorious Top Ten list, savaging McCain for his absence, his suspension of his campaign, and asking the pointedly mocking question of why Palin couldn’t simply step in and take McCain’s place. He even had McCain’s harshest Big Media critic Keith Olbermann on to further pound the stake into the Republican candidate. Presidential campaigns in America are really won or lost in the comedy sketches of the late night TV hosts and viewers form their opinions of the candidates’ characters based on the kinds of jokes disseminated – by that measure, millions of late night TV viewers now know that McCain is a bald-faced liar; a treacherous old codpiece willing to deceive their trusted TV friend Dave. Hmmm, what else might he lie about as president? Not only was this a nuclear one-night hit, but McCain has now made a foe of David Letterman, an enmity that will carry on until the election – it could very well make the difference in November.
Something else that will make a difference, and also presents McCain as a perpetual dispenser of falsehoods and humbug, is his bizarre abandonment of his former friends in the Big Media and Punditrocracy. McCain’s campaign has lately made it a badge of honor to snub and treat with contempt the very same ‘Guys and Gals on the Bus’ who protectively guarded and excused McCain for his gaffes and deceptions in the past. Once heralded for his access to the media, now only pre-tested loyalists are invited to speak with the coddled candidate on his campaign jet, and the rest are shuttled off like cattle to stand behind a shield of sour-faced campaign staff. The turning of opinion amongst the press corps is growing obvious.
The Tattlesnake – GOP Fiddles While America Burns Edition
Or, Nero Was No Hero
That great economic historian, Republican Minority Leader Mitch McConnell, took to the floor of the Senate last week to excoriate the memory of FDR and claim the New Deal didn’t end the Great Depression. In fact, Roosevelt’s New Deal programs put millions of average Americans to work and reduced unemployment from a high of over 35 percent to 14 percent. Aside from that, if FDR was such a failure, why did he win by 62.6 percent of the popular vote, and 98.5 percent of the electoral vote, in 1936, and 55 percent in 1940, with 84.6 of the EV? Why was he retained in office for 12 years, from 1932 until his death in 1945, the longest-serving president in our history, if he accomplished nothing toward solving the primary issue of that time – the economic crisis? Some smart reporter should ask McConnell those questions.
In his first press conference on February 9, Obama put the screws to the GOP, albeit wrapped in enough padding that no blood was drawn but, to mix metaphors, this is Obama’s style – wear them down with civility while you score with shots to the gut and dance away. Our ‘Gentleman Jim’ President nimbly peppered the punch-drunk Republicans just as ably as the original did in 1892 to win the heavyweight crown from the blundering beast that was John L. Sullivan who had only his ‘strong right arm’ as a weapon.
Pushed by such withered toads as McConnell, blatant numbskulls like Mike Pence of Baghdad street bazaars are ‘just like any open-air market in Indiana in the summertime’ fame, and the inchoate babblings of the evidently very corrupt new RNC chair Michael Steele, the GOP is collectively lurching toward irretrievable disaster, one every bit as bad as anything the Dimbulb Son who just left the White House wrought — you know, the one whose name must never be mentioned in public by any Republican ever again. They seem determined to take the mean-spirited, unpopular opinion on nearly every issue, just to gratify a shaky base of fringe nutcases, religious retrogrades, Fox News employees, Wall Street Journal editorial board members, Coulter cultists, racist rednecks, professional malcontents, crumb-bum lobbyists, and off-shored-assets tycoons channeling Leona Helmsley.
(more…)