The Commentariat -- February 9, 2015
Internal links removed.
"Nobody Understands Debt." Paul Krugman explains how debt works, macroeconomically speaking. If you memorize (and vaguely understand) this graf, you'll be smarter than everybody else at the party:
Because debt is money we owe to ourselves, it does not directly make the economy poorer (and paying it off doesn't make us richer). True, debt can pose a threat to financial stability -- but the situation is not improved if efforts to reduce debt end up pushing the economy into deflation and depression.
... So when some know-it-all launches into that familiar "fiscally-responsible" rant -- "Stop stealing from our kids," -- you can try to set him straight (and good luck with that -- he's probably more ignorant & more stubborn than Angela Merkel, the thrifty Swabian housewife). CW: It pleases me to no end that the particular know-it-all dunderhead to whom Krugman links ("Stop stealing") is Steve Rattner, because I pegged him for a smart-assed phony years ago. I'll bet Stevie is raging at the breakfast table right now.
Paul Lewis of the Guardian: "A leading member of the Senate banking committee [Sherrod Brown (D-Ohio)] is calling on the US government to explain what action it took after receiving a massive cache of leaked data that revealed how the Swiss banking arm of HSBC, the world's second-largest bank, helped wealthy customers conceal billions of dollars of assets. The leaked files, which reveal how HSBC advised some clients on how to circumvent domestic tax authorities, were obtained through an international collaboration of news outlets.... The disclosure amounts to one of the biggest banking leaks in history, shedding light on 30,000 accounts holding almost $120bn (£78bn) of assets. Of those, around 2,900 clients were connected to the US, providing the IRS with a trail of evidence of potential American taxpayers who may have been hiding assets in Geneva."
Guardian: "Angela Merkel will meet Barack Obama at the White House on Monday, as the two leaders aim to resolve a potential split over arming Ukrainian fighters so they can combat Russian-backed separatists. The German chancellor and the US president will also discuss upcoming talks to revive a peace plan for Ukraine. There has been speculation that the US could send 'defensive weapons' to Ukraine, but this has little support among its European allies who fear it could escalate the year-long conflict in east Ukraine."
Ezra Klein interviews President Obama on a wide range of topics. I think the artwork & black set are supposed to be edgy. But definitely in need of two ferns. Ferns or not, Obama demonstrates once again that he's a very smart guy who knows WTF is going on.
Andrew, the Anti-Mario. Jeff Toobin has a useful profile in the New Yorker of Andrew Cuomo.
Margaret Talbot of the New Yorker has the statistical, factual answer to Rand Paul & Co.'s libertarian view of vaccination "options": "What does work is legislation. The highest vaccination rate in the country is in Mississippi, a state with an otherwise dismal set of health statistics. It allows people to opt out of vaccines only for medical reasons -- not for religious or personal ones. States that make it easier not to vaccinate have higher rates of infectious diseases.... What does not help at all is to treat vaccines and the diseases they prevent as partisan political matters." CW: But, hey, illness, death & facts aren't much compared to freeeedom.
Annals of "Journalism," Ctd.
Terrence McCoy of the Guardian isn't too sure of the veracity of the "Brian Williams, Katrina Hero" story. Here's an excerpt: "Somebody tried to push an IV on him [to relieve his debilitating dysentery], which [pop-historian David] Brinkley said he was 'desperately in need of,' but nobly declined. 'There were so many ill people in line who needed it more than me,' he said. 'My conscience wouldn't have felt right if I had tried to pull rank. But I was in pure hell. I had no medicine, nothing.'"
David Carr of the New York Times seems to think the fault, dear Brutus, is in ourselves: "We want our anchors to be both good at reading the news and also pretending to be in the middle of it. That's why, when the forces of man or Mother Nature whip up chaos, both broadcast and cable news outlets are compelled to ship the whole heaving apparatus to far-flung parts of the globe, with an anchor as the flag bearer." ...
... CW: What do you mean, "we," white man? Some of the early teevee news anchors & stars, like Walter Cronkite & Ed Murrow, came up as radio war correspondents. They actually did cover WWII on the ground. But younger anchors were stars before they donned their khakis & made setpieces of war zones. They -- and the suits -- put on these shows by choice, & I doubt many viewers are convinced these anchors are doing real field reporting. Brian Williams cut his reportorial chops in Kansas & Pennsylvania, for Pete's sake. No camo required. Today, he is better at fake news than Jon Stewart, who wears a suit for the show & leaves it to his "reporters" to dress up in outfits appropriate to the shots on the greenscreen.
Ken Auletta of the New Yorker: on a point I made yesterday or thereabouts: "... while the spotlight is on Williams's transgressions, a word about the complicity of NBC and the other networks' marketing machines. The networks have a stake in promoting their anchors as God-like figures. By showing them in war zones, with Obama or Putin, buffeted by hurricanes, and comforting victims, they are telling viewers that their anchors are truth-tellers who have been everywhere and seen everything and have experience you can trust."
CW: The real outrage isn't about Brian Williams per se; his yarn-spinning is merely a symptom. People are sick of fake news about fake politicians inventing fake evidence for war & every species of bad policy. Must we suspend disbelief for everything? A Life of Irony is probably not what most of us anticipated.
More Evidence NBC Is the Awesomest Network for News. Evan McMurry of Mediaite: "After President Barack Obama's remarks at last week's National Prayer Breakfast in which he said Christians and others should refrain from getting on their high horses about Islamic violence given their own bloody histories, Chuck Todd wondered if the president was essentially trolling the Prayer Breakfast crowd. 'My question is why he felt compelled to bring this up at all,' said [another pop-]historian Jon Meacham. 'I have my own theory,' Todd said. 'He's not a big fan of the Prayer Breakfast, and I think he almost enjoys creating a rhetorical debate.'" ...
... Wait! There's More. Heather of Crooks & Liars: "Andrea Mitchell was terribly upset that President Obama said the word 'crusades' at the breakfast. The horror! Obviously the Republicans just had no choice but to attack him... 'You can't really go back to 1095,' Mitchell said. 'It's so out of context. It is so much in passing. You don&'t use the word crusades in any context right now, it's just too fraught,' Mitchell added. 'And the week after a pilot is burned alive, in a video shown, you don't lean over backwards to be philosophical about the sins of the fathers.'" CW: You see, my dears, Mr. Obama has broken the Beltway Etiquette Book's Commandment: Thou shalt utter neither thoughts of consequence nor substance. (Corollary: except when touting deficit reduction or "reining in entitlements.") ...
... If, by chance you think I was unfair to the Hon. Mr. Meacham, Charles Pierce has a wonderful, extended takedown of this charlatan-in-cleric's-collar.
CW: The scariest shows on television are not some high-production-values primetime fare but the Sunday morning window into how completely dimwittiest are the brightest bulbs in Washington. Andrea Mitchell, Jon Meacham, Peggy Noonan, David Brooks -- these are our modern-day answers to the post of public intellectual once reserved for the likes of Mark Twain.
Presidential Race
Alexander Burns of the New York Times: "Leaders of New York's Working Families Party on Sunday urged Senator Elizabeth Warren of Massachusetts to seek the Democratic nomination for president next year, formally calling on her to enter the 2016 race for the White House." CW: See also comments at the end of yesterday's thread by James S. & Nisky Guy.
Chico Harley & Jim Tankersley of the Washington Post (Feb. 6): "'When Hillary Clinton runs, she's going to say, "The Republicans gave us a crappy economy twice, and we fixed it twice. Why would you ever trust them again?"' said Kevin Hassett, a former economic adviser to GOP nominees Sen. John McCain (R-Ariz.) and former Massachusetts governor Mitt Romney. 'The objective for the people in the Republican Party who want to defeat her is to come up with a story about what's not great' in this recovery, especially wage growth, he said."
Robert Costa of the Washington Post: "Less than a year before Iowa's first-in-the-nation caucuses, it appears that every Republican contender is making a serious play to win the state, setting up what is likely to be one of the most active, competitive campaigns here in recent memory. Political observers in Iowa say that the field is wide open and that numerous candidates have a legitimate shot to win or do well enough to come out with momentum. That is partly because moderates in the Iowa Republican Party, led by Gov. Terry Branstad, have reasserted themselves into the caucus process after watching social conservatives dominate in 2008 and 2012."
Scenes from the Dunderhead Know-It-All Department. Marc Caputo of the Miami Herald, in a Politico piece, profiles "Professor Marco Rubio," who co-teaches a political science class at Florida International University." CW: Thanks for the puff piece, Marc!
AND another Republican governor/presidential candidate solidifies his international creds with a trip to -- London! Rebecca Kaplan of CBS News: "Wisconsin Gov. Scott Walker heads to London Monday for a four-day trade mission...." Take that, Hillary Clinton, Woman of the World. Read Kaplan's article for reminder of how successful Republicans have been in an environment that presents "seeming low levels of risk - no cultural or language differences or complex relationship to navigate."
Beyond the Beltway
The George Wallace of Our Times. Alan Blinder of the New York Times: "In a dramatic show of defiance toward the federal judiciary, Chief Justice Roy S. Moore of the Alabama Supreme Court on Sunday night ordered the state's probate judges not to issue marriage licenses to gay couples on Monday, the day same-sex marriages were expected to begin here.... The order, coming just hours before the January decisions of United States District Court Judge Callie V. S. Granade were scheduled to take effect, was almost certainly going to thrust this state into legal turmoil. It was not immediately clear how the state's 68 probate judges, who, like Chief Justice Moore, are popularly elected, would respond to the order." ...
... UPDATE. Amy Howe of ScotusBlog: "The Court today denied Alabama's request to stay a federal judge's ruling striking down the state’s ban on same-sex marriage. The state had asked the Court to delay the implementation of that ruling until after the Court rules on the pending challenges to similar bans in Kentucky, Ohio, Tennessee, and Michigan. Because the Alabama ruling is scheduled to go into effect today, the Court's order effectively cleared the way for same-sex marriages to go forward in Alabama. ...
... UPDATE 2: Chris Geidner & Tasneem Nashrulla of BuzzFeed: "It was not immediately clear how probate judges across the state would react to the seemingly conflicting orders -- although one, a spokesperson in Montgomery County Probate Judge Steven L. Reed's office, confirmed to BuzzFeed News that they are issuing marriage licenses to same-sex couples this morning. ...
... UPDATE 3: Here are the latest developments, via the New York Times' Alan Blinder. "Alabama became on Monday the latest state to allow same-sex marriage, as many probate judges defied an order by the chief justice of the Alabama Supreme Court and began issuing licenses and performing weddings."
Maureen Groppe of USA Today: "A West Virginia lawmaker has apologized for saying that while rape is awful, a child that results from a rape is beautiful. The comment from state Rep. Brian Kurcaba was made Thursday when members of the West Virginia House of Delegates debated a bill to ban abortions after 20 weeks of pregnancy. The bill does not allow for an exemption in cases of rape." CW: No indication Kurcaba is sorry he's a hateful misogynist.
News Ledes
Hill: "Senate Minority Leader Harry Reid (D-Nev.) will undergo a second operation on Wednesday morning to repair damage to his right eye following an exercise accident. The operation is a follow-up to a procedure he underwent on Jan. 26 and will be performed at the George Washington University Hospital in Washington."
Slate: "Drew Peterson, the ex-cop currently serving a 38-year sentence for the 2004 murder of his third wife, was charged on Monday with trying to hire a hit man to kill the state attorney who prosecuted his case." The Chicago Tribune story is here.