We now return you to your regular political blog surfing.
In a completely unrelated piece of news, No Pony For You!
Exposing the lack of compassion by conservatives and debunking right wing hypocrisy at every opportunity.
Be excellent to each other and Party On, Dudes -Abraham Lincoln-
Intellectual freedom is the only guarantee of a scientific - democratic approach to politics, economic development, and culture. -Andrei Dmitrievich Sakharov-
They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety. -Benjamin Franklin-
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Breaking Tabloid News: Batboy Lives! |
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Shut Up Chuck |
This is not the time to pursue an economic agenda based on liberal social goals.Is it ever with these twits? Onward and forever to tax-cutting and cannibal capitalism!
The ruling Democrats have a choice: Rescue this economy to return it to market control. Or use this crisis to seize the commanding heights of the economy for the greater social good. Note: The latter has already been tried. The results are filed under "History, ash heap of."I smell fear. Fear that events and the excesses of those who share Krauthammer's dementia are truly irrelevant, increasingly so in a world that is passing them by. The more they sink into the "ash heap" of their "commercial republic," the more outlandish the rhetoric will become.
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A Feast Was Had |
This year as President Bush pardoned two turkeys, who surprisingly had nothing to do with the Savings and Loan scandals of the 1980s, he remarked that it was his “last Thanksgiving as President.” But it might be the last Thanksgiving any of us celebrate since there is a good chance that when Barack Obama takes over, he will abolish Thanksgiving along with other holidays liberals hate such as Columbus Day, Christmas and the Fourth of July.Spare yourself clicking the link if you're usually the brunt of everyone's April Fools pranks (which reminds me of this outstanding list of some of the best ever) or in any way susceptible to outrage when conservative trolls spoiling for a tussle prove their ignorance by painting a liberal straw-man and then knock it down with a Hummer.
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Want! |
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I Must Have Been A Good Little Boy |
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We Haven't Hit Bottom Yet |
[cross posted at E Pluribus Unum]
My son has asked me on more than one occasion recently, "So what do we do now?" Usually, in that conversation, I start out apologizing to him for the mess my generation has left him to deal with. Which leads to him asking his question.
What I tell him is that we don't really have a good idea yet because we haven't yet hit bottom. We don't know quite how big this whole thing is. Every so often we think we have an idea, then a guy like Krugman puts in his two cents and then we get scared all over again.
"No analogy is perfect," I say, "But It's kind of like an enormous explosion has occurred. We've been thrown in the air."
"It's going to hurt when we hit the ground," he says.
"Well, yeah, eventually. But at this moment we don't even know yet if we're still going up or if we've started coming down. It's hard to say because we've lost our bearings in the shockwave after the explosion. All we know is that we're suspended somewhere between the earth and the sky."
"Not a happy place. Then what?"
"Well, at some point we're going to come all the way down to earth. We'll land -- with a crunch -- in some sort of blast crater."
"Ouch."
"No shit sherlock. But even then we won't know how big and deep the crater is until we start trying to climb out of it. It'll be like rock climbing a sheer wall. Brutal."
"I'm so glad I asked."
"You asked and I'm telling."
"So once we've climbed out then we're out of trouble?" he asks.
"Not exactly," I say. "Only after we've climbed all the way out and walked away and then looked back, will we be able to begin to understand how bad this thing really was...and what we can do to make sure it doesn't happen again."
"No wonder Krugman is so freaked out."
"Yeah. And he's not the only one."
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Ditto, er ... um Sparticus! |
Obama's agenda is farther to the left than anything we've seen since atBoo!
least Lyndon Johnson, and Congress has never in its history seen a
Democratic Party so united in its leftward tilt. It doesn't matter
whether Obama has centrists and moderate Republicans as part of his
coalition. What matters is if he can unite (enough of) this country
behind a common purpose to get things done.
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Structures In Place |
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The Thinkers |
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CHANGE Is Not Normal |
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Fairness Doctrime In Action |
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Breaking: Michigan Forfeits OSU Game |
In a stunning development, we pass on the news that the University of Michigan Wolverines will not be making the trip to Columbus to play The Ohio State University Buckeyes for the first time in the century old rivalry
ANN ARBOR, Mich. -- Holy Toledo.
Michigan's K.C. Lopata missed a 26-yard field goal with 4 seconds left, giving the Rockets a 13-10 win over the once-mighty Wolverines.
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It's Not Obama's Recession |
After two days of punishing losses, Wall Street surged on Friday
afternoon after news reports said that President-elect Barack Obama had
tapped Timothy F. Geithner, the president of the New York Federal
Reserve, to be secretary of the Treasury.
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Disgusting Displays |
A standing ovation for a convicted felon who should never been allowed inside the Senate chamber let alone honored like he was man of the year...
A trillion for banks and AIG with no oversight, no plan, and no clue exactly what would happen if they didn't get their extortion money. (Brad has the right idea on this.)...
The markets (along with everyone's retirement plans and any hope of financial security) are still tanking, losing half their value so far with no idea where the bottom is. Citigroup may be next, Boeing in trouble ...
Faux outrage over private jets. Union busting and style over substance driving decisions when we know exactly what kind of turmoil ensues if the American auto industry is allowed to die. Who can compete when burdened with health care costs foreign competitors' governments cover when they too were hit by Wall Street craziness, the credit squeeze, and the failure of those "pro-business" conservatives to insist that the industry abide by reasonable mileage standards and competitively retool for 21st century transportation needs.
Funny how we got a bailout of the bankers and brokers in a heartbeat that the public didn't really like, let alone understand. Everyone knows what kind of deep doodoo we're in if GM goes under, and they can't get a loan for 3% of what we've thrown at Freddy, Fanny, all the banks and AIG. No wonder the GOP is hated more each day and everyone is just holding their breath until January 20th.
I guarantee Joe the Plumber never heard of AIG before this year -- but he knows the Rust Belt will be hemorrhaging jobs if we stop making American cars. If there has ever been a clearer example of the Villagers on the Potomac being far more concerned about wealth over workers, I can't think of it. Two months seems like an eternity.
The only real variable is that we just don't know exactly how many unemployed millions will be walking midwestern streets as that southern rump party and that C+ Augustus in the White House watch approvingly as Detroit dies just as sure a death as New Orleans when Katrina struck. A million unemployed here, a million there, and pretty soon you're talking real Depression.
Why should they care when they've got friends who can spend $20 million on fireworks just to get their parties started and have brand new Nieman Marcus Christmas catalogs to drool over.
(Yeah, I'm back, and pissed. You should be too.)
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Detroit: Answer the Call |
[cross posted at E Pluribus Unum]
I've followed the progress of bailout talks with the Big Three with greater than average interest. Detroit is my town. I grew up in Detroit. I'm a product of Detroit public schools -- and I'm a better man for it. My kids were born and raised there; and members of my immediate family still live there. And I was there last weekend which is what got me thinking about what's eventually going to happen to my old hometown.
So here's the thing: there is no one without blame for how we got here. And consequently, everyone will have to sacrifice something to make it right before it's all over.
Bankruptcy: in fact if not in name
As Marcy pointed out, Chapter 11 bankruptcy (reorganization, not annihilation) is simply not an option for GM or any of the others. When a firm reorganizes it counts on credit to help tide it over during the transition period. But as we know, there is no money available from the normal sources. GM is out of cash; it cannot borrow, so it's on the brink. In situations like this, Chapter 7 (liquidation) is the only likely alternative. In this scenario, GM would be carved up like a Christmas goose and all the good stuff (electric cars) would probably go to foreign corporations like SAIC.
So what to do?
It seems like the Feds are ambivalent about a bailout, but call it what you will: it's a better alternative than actual bankruptcy. In return for the money, some oversight body (other than bankruptcy court) will have to guide the automakers through reorganization by attaching all sorts of conditions to the granting of the bailout monies. It'll be a roaring nightmare of regulations and micromanagement but there isn't a better -- or more likely -- alternative to it.
In terms of management...
...I say load them into the tumbrels and head for the guillotines. These are the guys who never met a long-term strategy they didn't hate. They fought increased fuel economy standards like 28 day old zombies (although they weren't alone -- more on that below). They killed the electric car. They were descended from the crowd that fought seat belts and emission standards. They deserved to finally pay for their sins. Shareholders will also take a hit. And if, for example, municipal pension funds are hard-hit, that will have to be part of a larger solution for bailing out cities and states.
What about unions?
Now, the temptation will be to point the finger at unions as well -- after all, "more work for less pay" isn't exactly a brilliant long-term strategy. But the fact is, the unions have already negotiated agreements with the Big Three that has put them on the glide path to parity with the Japanese automakers operating in the US -- probably by 2010 from what I can gather.
Health care and pensions
More importantly, whatever plan that gets crafted is going to have to address -- and respect -- the legacy costs of pensions and health care for union autoworkers who worked hard, played by the rules and have every right to expect that they will be taken care of. This would be the time to finally pass something along the lines of the Health Care for Hybrids Act, Obama's long-ago proposed legislation that would allow automakers to receive federal assistance to help pay their legacy health care costs -- if they invest some of their savings in building more fuel-efficient automobiles.
Speaking of fuel-efficient automobiles...
...I'm tired of all the players -- management, unions, and Republican AND Democratic enablers in Congress (I'm talking to you, John Dingell) and even consumers saying it cannot be done. I say throw out all the old assumptions and start from scratch.
Fact is, we cannot afford to ride that freaking oil-price roller coaster ONE MORE TIME. Yeah, gas costs less than half of what it did 10 weeks ago -- so freaking what? You're going to start driving SUVs again? Nuh-uh. Know what? That's how addicts talk. Time to go to rehab. Time to wake up from that amnesiac coma and smell the coffee. "Drill baby drill" is an idiotic solution to our problems. Better to massively subsidize the manufacture, distribution and sales of something along the lines of plug-in hybrids than ride the price of oil into the toilet one more time.
President-Elect Obama was right: [T]here is so much more to do...[L]et us ask ourselves — if our children should live to see the next century...what change will they see? What progress will we have made? This is our chance to answer that call. This is our moment.
Naomi Klein rightfully identifies the (bad) changes that historically follow massive shocks to the system. this time we need to engineer good change to follow the massive shocks that we are living through now.
Let's answer this call, let's meet this challenge -- our kids are counting on us to get it right this time.
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For Me? You Shouldn't Have |
CNN: Texas grand jury indicts Cheney, Gonzales
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Obamawan Kenobi, Our Only Hope |
Thanks to all my Facebook and Twitter pals for the birthday wishes.
I admit, I'm just not fired up enough. It's an obvious result of America becoming AWESOME again, like I thought of her when I was a kid. (Hat Tip: Oliver) I'm not pissed enough and the GOP fear machine has been rendered impotent. Walking around happy is a lousy incentive for writing.
I can't get worked up right now over that sludge still sleeping at the White House, or his nasty little dog. He's doing what he's always done, filling up the bureaucracy with incompetent ideological cronies, and twiddling his thumbs while scarfing escargot while the country world goes to hell. Generally being the same old ass he's always been.
Hillary? Sec State?!! Good pick, excellent in fact. But I can't get worked up over her or her usual detractors since they've already swung into enough of a tizzy for all of us. She's survived far worse and came out on top. It's not the Limbaughs of the world that should be quaking thinking about her foggy bottom, but Putin and Ahmadinejad.
Lieberman? He only has himself to embarrass now. Ditto Ted Stevens. Saxby Chambliss only matters if Al Franken sqeaks out a win on the recount -- and only then will Lieberman matter. But even then he really doesn't matter. He's a loser and is done when his term is up.
Sarah Palin and her cheerleader in chief, Bill Kristol, are in grave danger of becoming irrelevent. But fear not. Swine like that have a way of stinking up the place whether they're inside the tent or just snorting around the outside, trying to dig their way back in. Never fear, they'll be endless sources of outrage and stupidity for years to come.
The last thing I need right now is something harshing my Obamabuzz -- like the city of Toledo becoming a ghost town if we stop making cars here. But I'm still of good cheer, because Obamaphoria is our real hope.
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Dude . . . No. |
I say this as someone who used to be one of John's biggest supporters ... Go Away! You're harshing my Obamabuzzzzz.
Edwards to face off against Rove in public debateBefore, it meant something, there was a cause, a movement to build. Now, it's just about ego, a disturbing need to feed the narcissism.
Edwards, Rove: Palin should study up for 2012 run
SAN FRANCISCO (AP) — Two-time Democratic presidential candidate John Edwards and Republican strategist Karl Rove don't see eye-to-eye on much, but in a spirited debate Thursday they agreed Alaska Gov. Sarah Palin needs to hone her knowledge of foreign policy and geography if she runs for president in 2012.
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Weird Vibe |
"Obama!" Bush exclaimed, according to Obama's account of the meeting in his second memoir, "The Audacity of Hope." "Come here and meet Laura. Laura, you remember Obama. We saw him on TV during election night. Beautiful family. And that wife of yours -- that's one
impressive lady."The two men shook hands and then, according to Obama, Bush turned to an aide, "who squirted a big dollop of hand sanitizer in the president's hand."
Bush then offered some to Obama, who recalled: "Not wanting to seem unhygienic, I took a squirt."
That or maybe the guy's got a bit of OCD. Think: Mr. Monk Runs The Free World.
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Cool And Far Out |
The search for exoplanets has up to now depended on detecting either the wobble they induce on their parent star or, if their orbits are side-on to telescopes, watching them dim the star's light as they pass in front of it.(HT: Zatoichi)
Being able to directly detect the light from these planets will allow astronomers to study their composition and atmospheres in detail.
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Nine Terrifying Words |
I'm From Alaska, And I'm Here To Help . . . Also.
No? Well I guess I'm not a Jedi yet, but I'll keep practicing, er ... "progressing" my abilities. (Yes, Skippy, I know there is no try, there is only do ... also.)Dear Republican Stormtroopers:
Sarah is not the Droid Leader you're looking for.
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We Don't Care, Cuz She's Funny |
Red State's Dan McLaughlin makes a noble and convincing defense of Sarah Palin, essentially making the reasonable case that she cannot be as astonishingly stupid as we are led to believe. Essentially, the idea that she doesn't know the countries that make up North America, or that Africa is a continent, or that she is in any way responsible for that $150,000 wardrobe is the result of malicious elements within the McCain campaign who are more interested in deflecting blame for their disastrous campaign and discrediting the Alaskan Governor's future influence on the party.
So what.
Perpetuating this defense, getting into the weeds if you will, only serves to highlight the dysfunction within what's left of the GOP. Culturally she is a laughing stock. Her reputation has reached a punch-line status George Bush and Dan Quayle took years to attain, and she did it within a couple of months. Rehabilitate her at your own risk.
Whether she did or did not know this or that will never erase the moose in the helicopter spotlight look on her face when she couldn't/wouldn't tell Katie Couric what magazines she read.
Should the damage control parties succeed in a partial triage of her reputation, making her palatable enough to remain on the national stage, her baggage will remain regardless of the objective truth or the essential fairness of it all. She wasn't ready, might be some day, but the damage has been done. It's too late.
But that not the whole story. Her politics, the appeal of her core beliefs is so narrowly focused to such a dwindling segment of the population -- on top of a caustic and dangerous tone descended directly from the Gingrich/DeLay style of scortched earth conservativism -- dooms her and her faithful followers to distracting nuisance status, marginalized in an era requiring national unity to address a nation on the brink of several disasters.
No doubt, she'll retain the support of the kooks. And that's fine. All the better to identify and separate them from the herd. See, I personally think that a sane and reasonable conservative opposition is a good thing -- at least compared to what we've been subject to for the last several decades.
As we've seen the last eight years when the extreme right wing gets ahold of the GOP leadership, as repulsive the extreme is to the "center," they do have the ability to capture that 50% +1 needed to foist their poison on the rest of us -- with horrendous consequences. That's a fete the extreme left has never duplicated despite the vile shouts of socialist, communist and liberal-fascists at the mere suggestion of a 4% tax hike on millionaires from basement headquarters that shall remain unlinked. When the great pendulum of the political winds blow right again, in four years or four decades, I'd rather the conservative faction be a reasonable facsimile of sane than the nutbags we've suffered lately.
Sarah Palin does not fit the definition of sane, at least in the sense that her rhetoric permits reasoned compromise or inclusive policies. Bottom line, her brand of parochial and religious based intolerance is unacceptable in a leadership role in a nation as diverse as ours.
That, and she's fucking goofy.
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You Are Excused |
Andrew C. DeSouza, a Treasury spokesman, said the administration had the legal authority to issue the notice as part of its power to interpret the tax code and provide legal guidance to companies. He described the Sept. 30 notice, which allows some banks to keep more money by lowering their taxes, as a way to help financial institutions during a time of economic crisis. "This is part of our overall effort to provide relief," he said.Now Hilzoy reminds us that she's not a lawyer, let alone a tax lawyer, yet insists that this just doesn't seem right, especially when you read the whole Washington Post story -- if you can keep awake long enough to weed through something most people simply hate. I feel her pain. Americans justifiably have a Pavlovian sleep response to the word "taxes," so I'll forgive you if this doesn't make the top of your reading list today.
More than a dozen tax lawyers interviewed for this story -- including several representing banks that stand to reap billions from the change -- said the Treasury had no authority to issue the notice.I'm not a tax lawyer either, but I think I can put this in terms we can all appreciate. Tax law was a required course when I was an eager legal beagle. My tax law professor said you could tell the tax lawyers from the rest of the profession by the size of their biceps -- Popeye-like from carrying around those huge books. (And here I always thought you could tell by the thickness of their glasses.)
Several other tax lawyers, all of whom represent banks, said the change was legal. Like DeSouza, they said the legal authority came from Section 382 itself, which says the secretary can write regulations to "carry out the purposes of this section."
Section 382 of the tax code was created by Congress in 1986 to end what it considered an abuse of the tax system: companies sheltering their profits from taxation by acquiring shell companies whose only real value was the losses on their books. The firms would then use the acquired company's losses to offset their gains and avoid paying taxes.
Lawmakers decried the tax shelters as a scam and created a formula to strictly limit the use of those purchased losses for tax purposes.
But from the beginning, some conservative economists and Republican administration officials criticized the new law as unwieldy and unnecessary meddling by the government in the business world.
"This has never been a good economic policy," said Kenneth W. Gideon, an assistant Treasury secretary for tax policy under President George H.W. Bush and now a partner at Skadden, Arps, Slate, Meagher & Flom, a law firm that represents banks.
The opposition to Section 382 is part of a broader ideological battle over how the tax code deals with a company's losses. Some conservative economists argue that not only should a firm be able to use losses to offset gains, but that in a year when a company only loses money, it should be entitled to a cash refund from the government.
During the current Bush administration, senior officials considered ways to implement some version of the policy. A Treasury paper in December 2007 -- issued under the names of Eric Solomon, the top tax policy official in the department, and his deputy, Robert Carroll -- criticized limits on the use of losses and suggested that they be relaxed. A logical extension of that argument would be an overhaul of 382, according to Carroll, who left his position as deputy assistant secretary in the Treasury's office of tax policy earlier this year.
Yet lobbyists trying to modify the obscure section found that they could get no traction in Congress or with the Treasury.
"It's really been the third rail of tax policy to touch 382," said Kevin A. Hassett, director of economic policy studies at the American Enterprise Institute.
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Popcorn Theater Update |
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Rovellian Wisdom and Other Funny Stuff |
Even as he watched his political legacy severely tarnished, Republican strategist Karl Rove brought some unintended humor to election night -- stating in his capacity as a Fox News analyst that America "had an African-American first family" for many years, citing "The Cosby Show" as an example.Barack Obama, the made
As one McCain advisor put it to me: "In the last six weeks there was a remarkable echo. You could listen to arguments made by folks inside of the campaign who were close to Bill Kristol and then open up the New York Times and read them in Kristol’s columns. It was 'set Sarah free,' coupled with an agenda designed to appeal to the religious right and the more raucous elements of the party. They got their way often enough, and we started noticing that at many of the Palin functions it was non-stop 'Sarah, Sarah,' while John McCain all but vanished. Were they trying to get McCain elected in 2008, or to help Palin on the way to the Republican nomination in 2012? You can’t get yourself into a situation in which anyone can credibly ask that question."There's gonna be a reckoning on this, if not at the Times (circulation is circulation, contracts are contracts) at least within the GOP hierarchy.
Most revealing quote of the Times investigating the fake news being reported in their real paper was of course on a fake news show:On Wednesday, The New York Times reported rumors of Scheunemann’s firing, and quoted an anonymous McCain aide as saying Scheunemann was feeding a "constant stream of poison" to Kristol. Scheunemann denies he had been fired. But Scheunemann admitted to CNN that his email had been temporarily disconnected..
How did Kristol respond? Appearing on Fox News, Kristol protested his loyalty to John McCain and called the anonymous staffers who had criticized him "paranoid." He explained that the campaign had started looking through staffers’ emails to see "who was allegedly leaking stuff, negative stuff." Presumably, he means leaking to Bill Kristol.
"Appearing once again on The Daily Show, Bill Kristol, Jon Stewart's favorite whipping boy ('Bill Kristol, aren't you ever right?'), on Thursday night defended the McCain-Palin ticket, at one point informing the show's host that he was getting his news from suspect sources. 'You're reading The New York Times too much,' he declared. 'Bill, you WORK for The New York Times!' Stewart pointed out."Oh those "Stinkers" at the New York Times can make the whole bunch smell bad . . . also.
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Just Think ... |
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The Palin Revolution? |
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Witness the Awesome Power of Rahm Emanuel |
[cross posted at E Pluribus Unum]
Witness the awesome power...of Rahm Emanuel:
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Think |
A Republican congressman from Michigan, Thaddeus McCotter, told theWhat on earth will these authoritarians do with no authority to tell them what to think?
Washington Times: "We're rock bottom. We are now free to start thinking
again, acting again, and doing the right thing by what our constituents
and our country need."
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I Woke Up With The Future |
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Yes We Did Ohio!!! |
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Toledo Braces For Unruly Mobs |
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This Is Of Course Good News For Hillary Clinton |
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GOTV in Baton Rouge |
[cross posted at E Pluribus Unum]
I just wanted to take a few moments to tell you about the excitement in Baton Rouge about getting out the vote now in the last 72 hours before the election.
This past Wednesday, Obama HQ in Baton Rouge had an organizational meeting that was kicked off by gathering several dozen people to watch Obama's infomercial. Following that, the local organization asked everyone to find four people to each take a two hour shift during the upcoming weekend.
A word about this simple technique: it is what distinguishes the Obama ground game from almost all others that came before it. In the past, the conventional way of getting volunteers was for it to be organized from the top down. In Obama world, the grassroots volunteers find others like themselves to pitch in.
Miss Julie and I went to work and were able to find eight of our friends (in addition to us) to each take a shift making phone calls and canvassing through Election Day.
Our first day was Saturday when we called for two purposes: Finding yet more volunteers (shelf life of volunteers is relatively short) and calling to remind people to vote on Nov. 4. We were pretty good at this already, having done it last weekend at a local house party organized by MoveOn. At that event we were calling to find volunteers to work in Virginia; this time it was all local to East Baton Rouge parish.
Lots of people say they hate making phone calls like this but honestly, the way it was organized, it was very easy. The trick was to get started and get your momentum going. Once you're going, don't stop. In this way, the time passes quickly and you meet some terrific volunteers and you also talk to some wonderful people on the phone. Lots of enthusiasm all around. And the best part? It keeps you from fretting about every little wobble in the polls, and every silly story in the press. And you're part of history.
I went in again yesterday, Sunday, and spent another two hour shift phoning. Miss Julie will do the same on Monday (I can't -- I'm having a root canal in the morning). In the meantime, our friends have been phoning and some will even be canvassing on Tuesday.
Bottom line: it isn't too late to volunteer. Anyone reading this should consider doing whatever you can on Monday and Tuesday. Call your local Obama HQ -- now! -- or visit my.barackobama.com for details on who needs your help in your area.
Do it, even if it's for an hour or two between now and the election. You really can change the world -- one person at a time.
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The Bull On Barack Killing Coal |
I understand how Sarah Palin and her supporters could miss this obscure bit of news, buried on the Front Page of the New York Times. They don't read and they don't care.Prodded by intense lobbying from the coal industry,
lawmakers from coal states are proposing that taxpayers guarantee
billions of dollars in construction loans for coal-to-liquid production
plants, guarantee minimum prices for the new fuel, and guarantee big
government purchases for the next 25 years¦Among the proposed inducements winding through House and Senate
committees: loan guarantees for six to 10 major coal-to-liquid plants,
each likely to cost at least $3 billion; a tax credit of 51 cents for
every gallon of coal-based fuel sold through 2020; automatic subsidies
if oil prices drop below $40 a barrel; and permission for the Air Force
to sign 25-year contracts for almost a billion gallons a year of
coal-based jet fuel.
Q: What is your position on Coal toWe thought this was the ultimate stupid move for someone vying for the Democratic nomination. You should see my email:
Liquid technology? One Democratic presidential candidate cosponsored
a bill to provide taxpayer subsidies for this technology. Edwards
opposes CtL. What does using, let alone subsidizing, CtL really mean
for our environment?A: Liquid coal is a bad idea for our
country and planet. It contributes twice the amount of carbon emissions
to our atmosphere that petroleum does, consuming an inordinate amount
of water per unit of fuel, and requiring the expansion of ecologically
and socially disastrous mining practices. Unlike Clinton and Obama,
Edwards is the only leading candidate to oppose coal-to-liquid
technology.
So why then, environmentalists ask, is Obama backing a law supporting the expanded use of coal, whose emissions are cooking the globe? It seems the answer is twofold: his interest in energy independence -- and his interest in downstate Illinois, where the senator's green tinge makes the coal industry queasy.See, Edwards was much more enviro-friendly than either Clinton or Obama, as note at the time by Politico, much to the delight of the green contingent of Edwards' supporters. I wasn't really all that green for an Edwards backer, but I noted the argument, which is why I know the latest stuff about Obama out to bankrupt the coal industry is pure fantasy. We were bitching that Obama was in the pocket of Big Coal.
The coal industry praises Obama's reintroduction, with Sen. Jim Bunning (R-Ky.), of the Coal-to-Liquid Fuel Promotion Act of 2007 last week, which would provide incentives for research and plant construction. The industry says the technology, which converts coal into diesel engine fuel, would reduce America's dependence on foreign oil through a new, home-mined fuel that burns as cleanly as gasoline.
Edwards opposes coal-to-liquid technology as a viable clean fuel alternative. John Edwards’ energy plan includes utilizing coal in a “major role” so that the U.S. and the world can meet its energy needs, but he has advocated for carbon capture methods so that hazardous carbon emissions are dramatically reduced. Edwards advocates for coal gasification technology and carbon sequestration technology in energy production, a method supported by the Natural Resources Defense Council to combat global warming.As you can tell, we actually thought this was a smoking gun kind of issue, that the Al Gore wing of the Democratic Party could not possibly support Barack Obama mainly due to his friendly attitude on coal. For Sarah Palin and her drooling Wingnut circus to claim he's out to destroy the industry is ludicrous.
EDWARDS PROPOSED INCREASED INVESTMENT FOR SAFE STORAGE OF CARBON DIOXIDE FROM COAL POWERED PRODUCTION
2007: Edwards Called For New Coal Power Plants To Have Coal Capture Technology So That Emissions Are Stored And Not Released Into the Atmosphere. “Edwards believes we need to find a way to use coal without heating the planet. As president, Edwards will require that all new coal-fired plants be built with the required technology to capture their carbon dioxide emissions, so plants built today will be able to permanently and safely store their carbon emissions tomorrow. He also committed to investing $1 billion a year in research and testing to jumpstart the means to store large amounts of carbon dioxide safely underground.” [Edwards for President press release, 3/26/07, http://johnedwards.com/news/headlines/20070326-cleaner-coal/]
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Deep (Wishful) Thought |