The Commentariat -- December 1
CW: The New York Times has rolled out its full "Trusted Commenter" program. For info on the program, here's the Times' help page, and here's a note from Jill Abramson, the Times' executive editor on the program. Abtramson's note is open for comments on the new program, and they are snarky! If you've commented since the full system went up, please share your experience on today's Off Times Square, whether you're "trusted" or "mistrusted."
It's getting to be retrospective time, so here's a funny one: GQ's depiction of the least influential moment of the year. The who's who is here:
** Eliot Spitzer in Slate: while telling the public, the market, their own shareholders & the Congress that they were solvent & didn't need TARP money, the big banks borrowed $7.7 "— one-half of the GDP of the entire nation.... This was perhaps the single most massive allocation of capital from public to private hands in our history, and nobody was told.... So where are the inquiries into the false statements made by the bank CEOs?... In addition to the secrecy, what is appalling is that these loans were made with no strings attached, no conditions, and no negotiation to achieve any broader public purpose." The banks made about $13 billion in profits on these near-zero-interest loans. Spitzer suggests some appropriate paybacks to the public. ...
... Judy Woodruff of PBS "News Hour" interviews Bob Ivry, one of the Bloomberg News reporters who broke the story of our $7.7-billion gift to Wall Street. Thanks to Haley S. for the link to the video & to the Spitzer post:
... Dean Baker: "The [Washington?] Post ran an article ... with the headline: 'big banks got $13 billion in undisclosed Fed loans.' ... This $13 billion was effectively a gift from the taxpayers to J.P. Morgan, Goldman Sachs, and other large banks. It was not a loan as the Post headline implies." ...
... Nicholas Kristof gets a Florida mortgage banker on the record -- and it's one disgusting record.
Dean Baker in TruthOut: "The deficit is the agenda of the One Percent." A very interesting essay, with a clever idea that would help reduce healthcare costs, and it's so-o-o free market-y!
Felicia Sonmez of the Washington Post: "Responding to a plan by Senate Democrats to pay for [a one-year extension of the] payroll tax holiday by enacting a surtax on wealthy individuals, Republicans outlined a counter-proposal that would extend the current two-year pay freeze for federal workers by an extra year, trim the federal workforce by 10 percent and means test programs such as Medicare and unemployment insurance so that benefits are reduced for higher earners." ...
... Kevin Drum of Mother Jones on why Republican obstructionism on policy matters like the payroll tax holiday work: "When it comes to domestic policy, there's virtually nothing the president can do without congressional approval. The American public, however, rather famously seems not to understand this, and Republicans know it perfectly well."
"We Regret Those Deaths." Glenn Greenwald in the New York Times eXaminer on the New York Times Editors' jingoistic tilt in the way they refer to U.S. & NATO deaths, on the one hand, and Afghan & Pakistani deaths on the other.
Suzanne Goldenberg of the Guardian: "Environmental groups and elected officials have warned Barack Obama that America was emerging as the spoiler of the UN climate summit in Durban, unless there is a big shift in its negotiating stance. In two separate, but strongly worded rebukes, Obama heard from some of his closest allies that his administration was not living up to his election promises on climate action."
Mitt, et al., to Public: MYOB. Stephen Braun of the AP: "Romney's selective policy toward public access and preservation of his executive records raises stark questions about how transparent his administration would be if he were to become president.... Other leading candidates for the presidency — incumbent Barack Obama and Texas Gov. Rick Perry — have touted their commitment to transparency, but their administrations also have been selective at times in the records they disclose. They have limited, stalled or denied access when it suited their purposes."
Right Wing World
The latest in the GOP presidential race from NBC News:
Martin Bashir of MSNBC hosts a fairly good segment on Cain, et al.:
Brian McGrory, former Romney fan, of the Boston Globe: "Mitt Romney has yet again relinquished his role as the adult in this race, the serious-minded reformer who soars above the fray to tell it like it is. Romney, yet again, is just another politician willing to sacrifice what’s left of his integrity for a vote."
... What a Difference a Presidential Campaign Makes. There are a lot of people who say, ‘you know Governor, I don’t like this idea that people are going to be required to buy insurance. This is America. They should be free.’ Well, they are going to get free health care if they don’t buy insurance. I don’t think it is appropriate to say individuals have a choice of saying I don’t want to buy insurance even though I can afford it and I want to make somebody else pay for it. That’s not American. -- Mitt Romney, 2006
Mike McIntire & Jim Rutenberg of the New York Times: for a guy who insists he wasn't a lobbyist, Newt Gingrich sure did a lot of the same things a lobbyist does -- and he made millions doing it. ...
... Citizen Gingrich. Jim Rutenberg: "Newt Gingrich said on Wednesday night that his advocacy with state and federal legislators for policies that would help his paying clients was in keeping with his role as a citizen, and was not evidence that he ever acted as a lobbyist." CW: The fact that corporations paid me millions to do my civic duty is simply evidence that corporations are people, too, and they are committed to making sure all Americans participate in this great democracy of ours.
... The Ron Paul campaign hits Newt Gingrich's hypocrisy:
... Ben Smith: "Ron Paul's gleefully vicious video attacking Newt Gingrich ... is rooted in a fifteen-year old relationship in which Paul has been, characteristically, typecast as the purist against the compromising Gingrich." CW: I wonder if well-paid historian Newt remembers why Paul doesn't like him.
Herman Cain explains international relations. This is not a spoof. It's from his actual Website:
Ben Smith sez the Cain map reminds him of this one:
News Ledes
President Obama on World AIDS Day:
Bloomberg News: "More Americans than forecast filed applications for unemployment benefits during the holiday- shortened week, signaling limited recovery in the labor market. Jobless claims climbed by 6,000 to 402,000 in the week ended Nov. 26 that included the Thanksgiving holiday."
New York Times: "Mario Draghi, the president of the European Central Bank, hinted Thursday that the bank might be willing to step up its support for the European economy if political leaders take decisive steps to prevent future debt crises. Mr. Draghi stopped well short of offering a European version of the massive securities purchases that the Federal Reserve has used to try to stimulate the U.S. economy."
New York Times: "Islamists claimed a decisive victory on Wednesday as early election results put them on track to win a dominant majority in Egypt’s first Parliament since the ouster of Hosni Mubarak, the most significant step yet in the religious movement’s rise since the start of the Arab Spring."
AP: "President Barack Obama is renewing the U.S. commitment to ending HIV and AIDS on Thursday, setting goals for getting more people access to life-saving AIDS drugs and boosting spending on treatment of the virus in the U.S. by $50 million dollars. Senior Obama administration officials said the president will set a goal of getting antiretroviral drugs to 2 million more people around the world by the end of 2013. In addition, the U.S. will aim to get the drugs to 1.5 million HIV-positive pregnant women to prevent them from passing the virus to their children."
Not Officially Sorry. New York Times: "The White House has decided that President Obama will not offer formal condolences — at least for now — to Pakistan for the deaths of two dozen soldiers in NATO airstrikes last week, overruling State Department officials who argued for such a show of remorse to help salvage America’s relationship with Pakistan, administration officials said."
New York Times: "Secretary of State Hillary Rodham Clinton announced on Thursday that the United States would loosen some restrictions on international financial assistance and development programs in Myanmar in response to the country’s nascent political and economic reforms." ...
... AP: "U.S. Secretary of State Hillary Rodham Clinton is meeting with opposition leader and Nobel peace laureate Aung San Suu Kyi (ahng sahn soo chee) on a historic visit to Myanmar."
AP: "Vice President Joe Biden on Thursday thanked U.S. and Iraqi troops for sacrifices that he said allowed for the end of the nearly nine-year-long war, even as attacks around the country killed 20 people, underscoring the security challenges Iraq still faces."