The Commentariat -- Oct. 10, 2013
Jackie Calmes of the New York Times: "President Obama on Wednesday announced one of his most important economic decisions, nominating Janet L. Yellen to lead the Federal Reserve system and be his independent co-steward of the American economy. He called her 'one of the nation's foremost economists and policy makers.'" ...
... Binyamin Appelbaum of the New York Times has a long profile of Yellen. ...
... ** Kevin Roose of New York: "Janet Yellen is ... a new kind of Federal Reserve governor -- a humanist. She looks at the economy not just as a series of charts and figures, but as a moving, breathing organism, a collection of millions of people who are struggling to make their lives better today than they were yesterday."
... John Cassidy of the New Yorker: "... by dint of her intelligence, her technical expertise, her judgement, her creativity, her work ethic, and her willingness to coöperate with people rather than elbow them aside, [Yellen] has risen to the top of the one of the most demanding professions there is. That, surely, makes her a role model for all women."
NEW. Strings. Attached. Paul Kane, et al., of the Washington Post: "House Republican leaders said Thursday they will offer a temporary increase in the federal debt ceiling in exchange for negotiations with President Obama on longer-term 'pressing problems,' but they stopped short of agreeing to end a government shutdown now in its 10th day. In a news briefing following a closed-door meeting of House Republicans to present a plan to raise the debt limit for six weeks, House Speaker John A.Boehner (R-Ohio) said, 'What we want to do is offer the president today the ability to move a temporary increase in the debt ceiling.' He described the offer,to be presented to Obama in a White House meeting with House Republicans on Thursday afternoon, as a 'good-faith effort on our part to move halfway to what he's demanded in order to have these conversations begin.'" ...
... Zachary Goldfarb & Lori Montgomery of the Washington Post: "Treasury Secretary Jack Lew plans to warn lawmakers Thursday that he will be unable to guarantee payments to any group -- whether Social Security recipients or U.S. bondholders -- unless Congress approves an increase in the federal debt limit.... Lew plans to tell a Senate panel that he would do all he can to minimize the pain of breaching the $16.7 trillion debt limit, according to Treasury officials briefed on the testimony. But Lew will also note that in an unprecedented situation in which he would be relying entirely on the erratic flow of incoming revenue, the economy would suffer and there would not even be certainty that the government could make all interest payments." ...
... Burgess Everett & Manu Raju of Politico: "After taking a back-seat role in this fall’s fiscal battles, Senate Minority Leader Mitch McConnell and fellow Republican senators are quietly seeing whether they can break the political impasse between House Republicans and Senate Democrats. Behind the scenes, the Kentucky Republican is gauging support within the Senate GOP Conference to temporarily raise the debt ceiling and reopen the government in return for a handful of policy proposals.... House Republican leaders are expected to unveil a short-term debt ceiling increase at a closed-door Republican Conference meeting on Thursday morning. Drafted by House Budget Committee Chairman Paul Ryan (R-Wis.), that proposal calls for a short-term, four-to-six week increase in the debt ceiling while negotiations begin on revisions to the tax code and major changes to entitlement programs. President Barack Obama has said he would sign a clean debt ceiling but has ruled out including any policy measures." CW: Guess Mitch & Paul missed that part where the President said "No conditions." ...
... Lori Montgomery, et al., of the Washington Post: "The White House on Wednesday announced a series of meetings with lawmakers from both parties to focus on the government shutdown, looming debt crisis and festering fiscal stalemate, but a dispute promptly erupted over a presidential confab with House Republicans, and the Pentagon was forced to scramble to ensure death benefits for the families of fallen service members.... Shortly after Obama directed that the $100,000 payouts [of death benefits for military personnel] be made as scheduled when necessary, the House voted 425 to 0 to approve a measure that would ensure the Pentagon is able to pay the death benefits.... Saying that he was 'offended, outraged and embarrassed' by the lapse, Defense Secretary Chuck Hagel announced Wednesday that the Pentagon will enter into a contract with the private Fisher House Foundation to ensure that the death benefits are paid. He said the Defense Department will reimburse the foundation once the shutdown ends. House Republican and Democratic leaders met around midday Wednesday to discuss the current impasse.... Aides said the meeting lasted about 40 minutes but did not yield any new agreements." ...
... Jake Sherman, et al., of Politico: "President Barack Obama told House Democrats Wednesday that he would negotiate with Republicans but 'not with a gun at my head,' according to one lawmaker who attended a caucus-wide meeting at the White House. As he has before, Obama said he was open to short-term agreements to open the government and raise the debt ceiling if that's what it took to help Republicans out of what he described as a political box, the lawmaker said." ...
Sir, we are not a department of the government. We’re simply trying to be able to spend our own money. -- Washington, D.C., Mayor Vincent Gray, to Harry Reid on the Capitol steps
I'm on your side. Don't screw it up, okay? Don't screw it up. -- Harry Reid, to Mayor Gray
... Tim Alberta of the National Journal: "House Republicans remain committed to forcing negotiations with President Obama and Senate Democrats over a range of long-term fiscal issues, including the debt-ceiling and budget deficit. But they also are beginning to accept that for such talks to take place, they must first approve a short-term debt limit increase. On Wednesday, Republicans sounded prepared to do precisely that.... House Republicans said ... they are on track to approve a debt-limit extension -- lasting between four and six weeks -- that would establish a framework for subsequent fiscal negotiations. Lawmakers said this short-term deal ... could pass [the House] as soon as Friday." ...
... Humor Break. Paul Krugman: Republican leaders' "attempts to get something by repeating over and over the same old lies and misdirections -- we're not practicing extortion, he's just refusing to negotiate! -- makes me think of the classic tourist, believing that locals will understand English if only you talk loud enough." ...
... ** Jonathan Chait: "Cracks are forming everywhere in the Republican line.... The current Republican line does suggest a way out: if Republicans 'win' a promise to negotiate the budget, with the debt ceiling not being subject to the outcome of the negotiations. That this has actually been Obama's goal all along, and the thing Republicans have been trying to avoid, does not mean Republicans can't talk themselves into it. The negotiation would probably end in a stalemate..., but by the time it was finished the crisis would be over and conservative activists would have moved on to other issues -- a new Obama scandal, maybe." ...
... Brian Beutler of Salon: "At the risk of mistaking advancement for artifice, I think we're reaching the return-to-reality phase of the debt limit standoff, where Republican leaders figure out a way to answer to the right for their undelivered ransoms, and Democrats grudgingly help them preserve their honor, on the presumption that the risks of seeing this ritual humiliation to its conclusion are too severe." ...
... CW: Read Chait, then read the Washington Post Editors, who see Paul Ryan as the savior who will end the political impasse. -- if only everyone will listen to his "sensible" ideas about "entitlement reform" & the "tax code." Unbelievable. ...
... TBogg, in the Raw Story: "Paul Ryan has an unused agenda he thinks you might want to reconsider." CW: Yeah, and the Post editors have a worn-out editorial they think you might want to consider. ...
... Jonathan Cohn: Extortion is still extortion whether you're insisting on defunding ObamaCare (Tea Party) or demanding social safety net cuts & tax code"reform" (Paul Ryan). ...
... Here's Ryan's Wall Street Journal op-ed. I quit reading at the first lie, which means I didn't get through the first sentence. ...
... Humor Break. Dan Amira & Jonathan Chait: "The 8 Most Plausible Ways a Debt-Ceiling Catastrophe Could Be Averted." With Ted Cruz's likely reactions to each. ...
... Shutdown Forces Cruz Daughters to Become Apple-Pickers, Upsets Mrs. Ted. Ted "Cheerful." ...
... Also Upsets Koch Brothers. Michael Isikoff of NBC News: "In a move that highlights a growing rift in conservative ranks,Koch Industries ... today distanced the firm from allied political groups lobbying to keep the government shut down unless Obamacare is defunded. A letter, signed by the company's chief lobbyist and sent to members of Congress, says ... Koch Industries wants Congress to focus on 'balancing the budget' and 'cutting government spending,' among other goals.... The letter comes in the wake of media reports documenting how Freedom Partners -- a newly formed conservative trade association closely associated with the Koch brothers -- has helped finance many of the conservative and Tea Party groups that have been pressuring Republicans to link defunding Obamacare to the passage of a continuing resolution to fund the government and extend the debt ceiling." CW: if you read this conjunction with Jon Chait's piece linked above, you just might conclude the Koch boy pull Paul Ryan's strings. Thanks to Jeanne B. for the link. ...
... Howard Fineman learns that Heritage Action -- funded by the Koch Boys -- & Freedom Works -- founded & funded by the Koch Boys -- want to drop the ObamaCare condition from debt ceiling negotiations (but keep it in the shutdown ransom demands). CW: If you don't think the Koch brothers are running the country, this is your wake-up call. They control enough of the GOP caucus to wreak havoc, and the fate of the global economy & the U.S. government rests in their hands. ...
... Dana Milbank: Michael Needham, the CEO of Heritage Action, is enforcing the shutdown. CW: So some guy you never heard of has more influence over Congress than the POTUS. ...
... OR Anybody ...
... Eric Lipton, et al., of the New York Times: "... some of the country's most influential business executives have come to a conclusion all but unthinkable a few years ago: Their voices are carrying little weight with the House majority that their millions of dollars in campaign contributions helped build and sustain." CW Words of Advice: Change your name to Koch. Those MOCs will jump like they'd set their asses down on a pile of steaming teabags. ...
... The Salmonella Caucus. Ron Nixon of the New York Times: "The government shutdown is endangering what America eats, food safety experts said this week, as all inspections of domestic food except meat and poultry have halted and the Centers for Disease Control and Prevention recalled furloughed workers to handle a salmonella outbreak that sickened hundreds of people in 18 states." CW: We have climate deniers; we have default deniers; let's hear it from the salmonella deniers. ...
... The Salmonella Caucus. Gail Collins looks into which agencies Republicans in Congress have been voting to open. Not the IRS. But "Good news: The Congressional gym is open."
CW: Meant to link this yesterday -- Thomas Edsall of the New York Times looks into the hearts & minds of Republican voters. A pathetic picture that helps explain how someone like Mrs. Crazy Minnesota was chosen to go to Washington to represent the people. ...
... NOW for a word from Mrs. Crazy Minnesota ...
Not a Parody. President Obama waived a ban on arming terrorists in order to allow weapons to go to the Syrian opposition. Your listeners, U.S. taxpayers, are now paying to give arms to terrorists including Al-Qaeda.... Now what this says to me, I'm a believer in Jesus Christ, as I look at the End Times scripture, this says to me that the leaf is on the fig tree and we are to understand the signs of the times, which is your ministry, we are to understand where we are in God's End Times history. Rather than seeing this as a negative, we need to rejoice, Maranatha Come Lord Jesus, His day is at hand. When we see up is down and right is called wrong, when this is happening, we were told this; these days would be as the days of Noah. -- Rep. Michele Bachmann
Local News
Florida Secretary of State Vows to Suppress Votes. Lizette Alvarez of the New York Times: Paving the way for a new attempt to remove noncitizens from voter rolls, Florida's election chief, [Secretary of State Ken Detzner,] tried to stoke confidence on Wednesday in the revamped plan before a largely skeptical crowd in immigrant-heavy South Florida."
News Ledes
New York Times: "M. Scott Carpenter, whose flight into space in 1962 as the second American to orbit the Earth was marred by technical glitches and ended with the nation waiting anxiously to see if he had survived a landing far from the target site, died on Thursday in Denver. He was 88 and one of the last two surviving astronauts of America's original space program, Project Mercury."
Detroit Free Press: "Seven months after his historic conviction for public corruption, former Detroit Mayor Kwame Kilpatrick was sentenced to 28 years in prison today for running what the government called a money-making racket out of city hall that steered millions to himself, his family and his friends while the impoverished city hobbled along."
New York Times: "Alice Munro, the renowned Canadian short-story writer whose visceral work explores the tangled relationships between men and women, small-town existence and the fallibility of memory, won the 2013 Nobel Prize in Literature on Thursday. Ms. Munro, 82, is the 13th woman to win the prize." ...
... The Guardian is covering the announcement of the Nobel Prize in Literature live. And the winner is -- my favorite contemporary writer Alice Munro.
Al Jazeera: "Libya's state news agency said Prime Minister Ali Zeidan has been freed after being captured and briefly detained, reportedly by government-aligned rebel groups. It is not clear if he was released willingly by his captors, or if security forces intervened."
Reader Comments (10)
Re: Cruz, Boehner, Ryan, etc. etc.; where is Lynette Fromme when
you need her? ( Note to FBI, Homeland Security or whatever, this is
my real name). At my age WTF.
Re: Beating Andy H. of The New Yorker to the punch... Frank "Panhead" Klimer of Brooklyn, New York held a press conference today in which he exposed himself to actually being a "one percent biker". "Like the NYPD police force, I am a dirt bag biker who spends his time getting fucked up, racing around on my scooter and beating the shit out of innocent motorists. But what the fuck, it's my calling." Panhead decried the recent news articles saying, Hey, man, can't the fuckin' pigs get their own hobby?" Mr. Klimer has a history of arrests starting with his conviction in the late 80's for meth sales. He claims that the NYPD are giving one percenters a bad name and wishes that they " Go back to eating free doughnuts
and caging sex from the street girls." The NYPD have responded to Mr. Klimer's statement with pictures of last years "Toys for Tots" run showing NYPD motorcyclists with stuffed teddy bears on parade for the annual Christmas toy give away. NYPD noted no orphans or handicapped kids were beaten or even scared shitless during the event.
Campaign Solicitation Overload: Everyday I get a gazillion e-mails from Democratic candidates, Democratic organizations, or liberal causes—all of whom want me to send them money for one purpose or another. I hate that that is mostly what participating in our struggling democracy has come to be; fucking money. And I’m beginning to really hate the perpetrators of these appeals who begin: “I know you’re as excited as I am about…” and so on. Well, no, I’m not excited about it; I may find it interesting, but hardly exciting. Nothing less than an unruly mob lynching Wall Street bankers could cross the threshold of excitement.
Won't a short term raise of the debt ceiling be a disaster? World economies and financial markets will go crazy seeing another close deadline and the Republicans will gain a winning argument that "they gave in last time, and now it is Obama's turn to compromise". American's will be so sick of it and will buy it lock, stock, and barrel.
James, spot on regarding all the appeals. With so many, they are most annoying and only dilute and compete with each other's messages. I see so many, I can't keep all their problems straight and lose all hope that we can "fix" any of this. I also regret some of my past responses to one of those appeals...like a donation to Maichen.
Thinking how much of this wrecking ball business smacks of the characters in Atlas Shrugged I went to the net in order to refresh my memory of that horrid book when I came across this piece from Market Watch by Paul Farrell that I think excellent.
"Remember, Ted Cruz and the tea party capitalists are not just throwing a temporary temper tantrum that will soon fade. It won’t. They’re part of a long-cycle historical wave that began well over a generation ago with Ayn Rand, Milton Friedman, Alan Greenspan and Reagan. And tea party capitalists are going to keep making life difficult for Obama, Hillary, both parties, the global economy and the American people for at least another decade."
"But on the other hand, like Miley Cyrus also sharing the spotlight on the “Great Stage,” I suspect someday, when the history books are written, Ted Cruz may turn out to be just what America and Americans needed to reinvent ourselves."
Link below
http://www.marketwatch.com/story/ted-cruz-tea-partys-miley-cyrus-wrecking-ball-2013-10-09
@James: glad you mentioned the overload of emails requesting money. Being a frugal fanny I'm very careful of how I spread my money around and resent like hell these beggars in political clothing and like you I hate that money plays such a monumental part in the winning and losing game. I must get daily at least two dozen of these––I scan the list, read only those from my Senator and Rep. (very few) and automatically delete the rest in one swoop. Knowing others feel the same, I don't feel guilty ––which I did, just a little.
I, too, tire of the calls, particularly from professional solicitors, like those who have called me three times in the last week asking for cash to support the Dems in an anonymous state near Minnesota that has a community-owned professional football team. But I finally sent them the pittance I could afford to 1)get them off my back and 2)because in our money-fueled elections, much as I hate the system, I don't see any alternative but in this case to support the party that is trying to unseat Scott Walker (Oops; gave it away, didn't I?)
More amusing to me this AM is the vision of the Kochs scrambling to back away from the disaster they have spent tens of millions or more creating. Seems if you are going to recruit and hire a group of assassins, you ought not choose from a gang of bozos that can't shoot straight (ala Jimmy Breslin).
And they're likely all card-carrying NRA members, too.
I've been thinking that the Republicans and Democrats in DC need to re-watch "Dog Day Afternoon". I knew there was a movie like Boner Cruz and the gang.
As for Ayn Rand, if she was addressed as Alisa Zinov'yevna Rosenbaum, the discussion about her literary "achievements" would have ended years ago. At least as far as the right wingers go.
I am certainly relieved that the NYPD motorcycle rally was held in such a way that "no orphans or handicapped kids were beaten or even scared shitless during the event." JJG - that was certainly worth a morning laugh!
Sorry! to do this ! A divergence off today's thread topic. If you think that you can handle this, recommend don't watch before eating. Probably not after eating either. At first, it looks like sci-fi film, but......... (Must say, I had no idea of the massiveness of our farm to food table, pun not intended.)
http://www.upworthy.com/this-video-makes-grocery-shopping-feel-like-a-scene-in-a-horror-film-3