A message to Jesse haters
Jesse's done it again. I'll be waiting patiently for your outrage and condemnation. Not.
Jesse's done it again. I'll be waiting patiently for your outrage and condemnation. Not.
This reminds me of this. The former. The latter. Related.
Hat tip, Bubba.
Secretary of State Rice gives a broad review of the Bush foreign policy. I hope there is something worthwhile in there.
*What has not changed is that our relations with traditional and emerging great powers still matter to the successful conduct of policy. Thus, my admonition in 2000 that we should seek to get right the "relationships with the big powers" -- Russia, China, and emerging powers such as India and Brazil -- has consistently guided us. As before, our alliances in the Americas, Europe, and Asia remain the pillars of the international order, and we are now transforming them to meet the challenges of a new era.
What has changed is, most broadly, how we view the relationship between the dynamics within states and the distribution of power among them. As globalization strengthens some states, it exposes and exacerbates the failings of many others -- those too weak or poorly governed to address challenges within their borders and prevent them from spilling out and destabilizing the international order. In this strategic environment, it is vital to our national security that states be willing and able to meet the full range of their sovereign responsibilities, both beyond their borders and within them. This new reality has led us to some significant changes in our policy. We recognize that democratic state building is now an urgent component of our national interest. And in the broader Middle East, we recognize that freedom and democracy are the only ideas that can, over time, lead to just and lasting stability, especially in Afghanistan and Iraq.*
So I heard a GOP congressman say on the House Republican Conference podcast that there are 1.5 trillion barrels of oil* within reach of domestic production. I've been studying the issue and debating with my dad over ANWAR and offshore drilling. He was going on and on about the Chinese drilling 90 miles from Florida while we couldn't drill in our own territory.
I didn't really believe him, but I know he listens to talk radio all day in the car and watches Fox at home, so I figured it was a talking point last week.
Sure enough, there goes another member of the House conference talking about the Chinese drilling in Cuba.
It figures.
Now, I've been studying the domestic oil situation and came across a few USGS documents that said there are about 7 billion proven barrels in ANWAR and about 21 billion proven in the total US.
By comparison, our newest colony, where we have spent 520 billion dollars in the last five years, has 112 billion proven barrels of oil.
So here is my question. And my comment.
Wouldn't the absolute strategic thing to do be to drain all the oil we can from the rest of the world while sitting on our reserves (don't get high on your own supply, and all), thus ensuring that when the rest of the world is sucked dry, we still have 10-15 billion barrels in reserve?
Second, how is it conservative to advocate the draining of our own reserves, endanger our own natural resources, and abnegate our own technological development so that we can maintain our addiction to oil?
Maybe if the wingnuts will allow the pinko-environmentalist to raise the CAFE standards and bring more electric hybrids to the market, the whacko environmentalist will let the right wing fascists drill for more domestic oil.
Now that's what they call government.
* I'm going to assume the congressman was talking about oil shale, since we do have 1.5 trillion barrels in proven reserves of that. So the GOP plan seems to be to strip mine anywhere there is oil shale and have us run the economy off of this stuff, which one congressman says is opposed by "radical environmentalist" who claim it emits twice the greenhouse gases that regular oil products do. Those wascally wadicals.
NYT:
"So lavish with other people’s sacrifices, so reckless in pouring the national treasure into the sandy pit of Iraq, Mr. Bush remains as cheap as ever when it comes to helping people at home."
I try. I really do. I don't want to criticize my own president, but he makes it necessary sometimes. I know W. has said he doesn't care about history, or how it will judge him, but you think somebody in his administration would know something, if not much, about history.
Opposing updates to the GI Bill is ridiculous. The GI Bill is one of the fairest, if not most effective, policies this country has ever had. Giving incentive to serve, in the form of money for college for service personnel, is a double good. You reward them for effort by giving them a larger opportunity that requires even more effort. There is no handout involved.
That's why Bush, and McCain, are so wrong.
Hoover was wrong too, about a lot of things. Bush has more in common with Hoover the more I think about it.

I think this proves that we, as a nation, have lost our way:
"What happened to him?
We know what happened initially from the accounts of three M.P.’s: Mark Nagy, Jason Kenner, and Walter (Tony) Diaz. Al-Jamadi was put in a stress position, a “Palestinian hanging” — a low-budget crucifixion without the nails. His arms were handcuffed behind him and then the handcuffs were suspended from a window frame. [5,6,7] (As a prisoner becomes weaker and weaker, greater and greater pressure is put on the arms, potentially pulling them out of the sockets.) He is left alone in the room with a C.I.A. interrogator, Mark Swanner, and a C.I.A. translator, identified in various reports as Clint C. [8]"
"An American kid drops out of high school every 26 seconds. That’s more than a million every year, a sign of big trouble for these largely clueless youngsters in an era in which a college education is crucial to maintaining a middle-class quality of life — and for the country as a whole in a world that is becoming more hotly competitive every day.
Ignorance in the United States is not just bliss, it’s widespread. A recent survey of teenagers by the education advocacy group Common Core found that a quarter could not identify Adolf Hitler, a third did not know that the Bill of Rights guaranteed freedom of speech and religion, and fewer than half knew that the Civil War took place between 1850 and 1900.
“We have one of the highest dropout rates in the industrialized world,” said Allan Golston, the president of U.S. programs for the Bill and Melinda Gates Foundation. In a discussion over lunch recently he described the situation as “actually pretty scary, alarming.”
Roughly a third of all American high school students drop out. Another third graduate but are not prepared for the next stage of life — either productive work or some form of post-secondary education.
When two-thirds of all teenagers old enough to graduate from high school are incapable of mastering college-level work, the nation is doing something awfully wrong."
I've been watching An American Lion this weekend (along with Michael Clayton and Donnie Brasco, but that's another story.)Like the electric car, we once again have an instance of corporations stifling competition in order to inflate the cost of a consumer item. It's no wonder medical costs are unbearable, with the failure of meaningful tort reform and corporate collusion keeping the price to consumers in the stratosphere.
Related:
I had a good discussion with a veteran administrator from a local health system. He said capping jury awards alone would be a significant step toward making free market health care more affordable.
Where are the pragmatists?
WaPo:
*"Cephalon was entitled to defend its patent in court. Instead, it fought back unfairly. The company paid the competing manufacturers more than $200 million in exchange for their agreements to keep their products off the market for nearly seven years. This payoff benefited the generic manufacturers enormously: They made more by sitting on their hands than they ever could have the old-fashioned way, by entering the market and competing. For Cephalon, too, the payoff was a bargain: Chief executive Frank Baldino Jr. acknowledged that it made about $4 billion "that no one expected."*
This article in The Atlantic Monthly seems important:
*At Windy Ridge, a recently built starter-home development seven miles northwest of Charlotte, North Carolina, 81 of the community’s 132 small, vinyl-sided houses were in foreclosure as of late last year. Vandals have kicked in doors and stripped the copper wire from vacant houses; drug users and homeless people have furtively moved in. In December, after a stray bullet blasted through her son’s bedroom and into her own, Laurie Talbot, who’d moved to Windy Ridge from New York in 2005, told The Charlotte Observer, “I thought I’d bought a home in Pleasantville. I never imagined in my wildest dreams that stuff like this would happen.”*
Watched this movie last night. You should watch it too.
Get involved.
Existential heroine of the month.
*Hydrogen is not the answer.Because of the high energy losses within a hydrogen economy the synthetic energy carrier cannot compete with electricity. As the fundamental laws of physics cannot be chanced by research, politics or investments, a hydrogen economy will never make sense.*
More:
*For the establishment of a sustainable energy future the present energy system has to undergo significant changes, not just minor adaptations or modifications. The key point is the transition from a chemical energy base built on fossil fuels to a physical energy base built mainly on electricity from renewable sources. This transition is predetermined by the laws of physics. It cannot be avoided or significantly delayed by politics. However, the transition will proceed more smoothly, if all players agree to move into the same direction.
Without the slightest doubt, the technology for a hydrogen economy exists or can be developed in reasonable time. Also, hydrogen is an appropriate energy carrier for particular niche applications, or it may become an important medium for electricity storage with reversible fuel cells. But hydrogen can never establish itself as a dominant energy carrier. It has to be fabricated from high grade energy and it has to compete with high grad energy in the marketplace.
Hydrogen cannot win this fight against its own energy source. Therefore, the answer to the question: "Does a Hydrogen Economy make Sense?" is an unconditional "NEVER". A global hydrogen economy has no past, present or future! *
This is a random reminder that the cost of the War in Iraq will top $500 billion sometime this month. That is an estimated cost of $12 billion to taxpayers in North Carolina.
We could have provided more than 2.6 million scholarships to university students in this state for a like amount.
End of reminder.
A good podcast from Bloomberg finds James Glassman upbeat about the non-housing sectors of the economy. Says recent policy action should make second half of 2008 robust. (Updated: A friend suggested I point out that Glassman is a senior economist at JP Morgan and not the James K. Glassman known for his work with the American Enterprise Institute.)
I'm no economist, so listen to him for the perspective. (Date of podcast Feb. 4)
Morgan Stanley's David Greenlaw follows with a balanced forecast (podcast) of a mild recession.
Lot's of talk of the TED spread. Neat concept.
Here is another for W's *WTF* file:
Paul Wolfowitz is returning to the Bush administration as a security adviser, and even before it was official, the appointment was drawing boos, the New York Times reports. The controversial figure will take Fred Thompson’s seat as chairman of the Secretary of State’s International Security Advisory Board, an influential group studying arms control and military issues. • Wolfowitz ended his tenure as World Bank chief mired in scandal, but for critics his role as an architect of the Iraq war is more damning. “The advice given by Paul Wolfowitz over the past six years ranks among the worst provided by any defense official in history,” said one policy researcher. “I have no idea why anyone would want more.”
The point is that Obama gave every dime of Rezko's contributions to charity after questions were raised about Rezko's ethics.
From NBC's "First Read"
*Obama's Tough Press Day: Rezko is EVERYWHERE today. The Clinton campaign always wondered what it would take for the media to cover this story nationally. Well, have the candidate utter the words "slum lord" in a debate and voila. It's easily Obama's worst free press day of the campaign. It's also a bit ironic, too, given that the Clintons have had many more problematic donors than Obama (Hsu, Gupta, Chung, Denise Rich, those donations to the Clinton Library). Then again, the point of the Clintons pushing Rezko is to make Obama look like just another politician who got caught up with a questionable donor. And if the Clintons can prove Obama's no better than them then they can beat him on other points. It's also worth asking why Rezko, and not Wal-Mart, is getting all the play today. The Clintons -- at least in the short term -- won the spin war after a debate that looked like a draw to us. Meanwhile, the Obama folks are pushing the two Clintons vs. one Obama story, and it's getting its share of pickup. But nothing like Rezko today.*
Obama's own words in 2006:
*"With respect to the purchase of my home, I am confident that everything was handled ethically and above board. But I regret that while I tried to pay close attention to the specific requirements of ethical conduct, I misgauged the appearance presented by my purchase of the additional land from Mr. Rezko," Obama said.
"It was simply not good enough that I paid above the appraised value for the strip of land that he sold me. It was a mistake to have been engaged with him at all in this or any other personal business dealing that would allow him, or anyone else, to believe that he had done me a favor," the senator said.
The land deal came up in a court hearing Friday that delved into Rezko's finances. Obama said he has not been approached by federal prosecutors about the transaction nor has plans to go to them about it.
Obama and Rezko have been friends since 1990, and Obama said the Wilmette businessman raised as much as $60,000 for him during his political career. After Rezko's indictment, Obama donated $11,500 to charity--a total that represents what Rezko contributed to the senator's federal campaign fund. *
I've spent the last two days reading up on the Fair Tax. I'm still undecided as to the efficacy of the idea, but I lean toward the against column. I'm still trying to make sense of the price issue and what the end tax burden will be once state and local sales and property taxes are added in.
This piece (.pdf file) is a cogent argument against the idea, published last month in the journal Tax Notes:
*Quite apart from the fact that there is zero chance that Congress would ever enact it, it is clear,
writes Bartlett, that the FairTax simply would not work at all if it were tried, which is why no country
has ever attempted to collect all its revenue from a retail sales tax.*
I came across it at the Fair Tax Blog.
As a rule, I think it is absurd to increase the number of checks mailed out by the IRS by 12 fold. Also, as pointed out in the article, the FT's inherent rebate system is actually like a national welfare system. I can't understand conservatives being in favor of that.
Further, if all prices are needed to increase 23 percent to represent the inclusive tax, I think it would be quite hard to separate that rise from the concept of inflation in the layman's mind
Lastly, the author also points out that the FT would not be free from political manipulation, and thus tax policy would remain an issue to be wielded by politicians looking to curry favor with special interests or flat out buy votes.
I remain undecided, but the Fair Tax increasingly resembles more right wing hyperbole masquerading as foresight.
Of course, the possibility remains that I could be flat wrong.
Media General stock has lost about half its value since November 2007, that is after losing the first half of its value in the two years prior.
MG employees with huge IRA and 401k holdings of MG stock are beginning to revolt.
With the stock tanking below 20 just after Christmas, J. Stewart Bryan III exercised an option on more than 20,000 shares at a price of $31.44. That's $638,000 if you are keeping score.
*With Media General management slamming the door to the board for any large shareholder it makes it impossible for the retail investor to buy MEG. The funds and money managers are dumping this stock every day. Anyone that buys in get their head handed back to them on a silver platter. I can't understand the reason behind the 2 tier system. They will keep their 2 tier system with the class A shares selling for about 5 bucks. These assholes don't give a @#$% about anyone or anything. I'm selling all my MEG that I have bought MEG in my IRA for over 20 years and I paid much higher prices. Management can stick them up their ass. @#$% them all. 7-Jan-08 05:13 pm harley_riding_dude*
*I can put it into other funds. I paid a much higher price for the MEG I bought. I’ve paid over $37.00 for the entire period for the stock. It's half that now. I hate to sell MEG and go into a fund just when the market is starting to tank because of recession worries. I've known for some while that the internet was hurting MEG but this last 3 months have been brutal. I just haven't had a good opportunity to make the move. A small bounce. Management has not responded in any way. Sell the TV stations and pay down debt for Christ’s sake. Get rid of the 2 tier system so the large holder can participate in the decisions of the company. Get off your fat asses before MEG trades in the single digits. Maybe that is what they want so they can take the company private. 8-Jan-08 09:38 am harley_riding_dude*
No matter how bad the employees future looks, you can always rest in the comfort of knowing that J Stew's MG stock is down to a value of about $9 million, from $17 million in November 2007 and about $40 million in 2005.
That's some fancy bell curve you got going on there Stew.
As with Obama, I believe firmly that most Americans would do well to explore the candidates directly as opposed to taking the noise machine's word for it.
Huckabee appears to have an impressive record of public service.
Find out for yourself.
This tidbit alone is interesting:
*As former chairman of the Interstate Oil & Gas Compact Commission, Huckabee worked with the 37-state coalition to develop energy policy and lobby Congress on energy matters, such as the regulation of oil and gas production. He also is known nationally for his focus on technology in state government. He created an automobile license renewal system that’s become a model for states across the country. Huckabee directed the creation of other advancements that have made Arkansas a technology leader among the states.*
How about this:
*Huckabee first was elected lieutenant governor in a 1993 special election and was elected to a full four-year term in 1994. He was only the fourth Republican to be elected to statewide office since Reconstruction.*
He also says that Katrina showed "a meltdown of government at all levels" and was "a national outrage, and rightfully so."
I agree with that.
A simpleton? Music ain't that simple.
*Huckabee, 51, enjoys playing bass guitar in his rock-n-roll band, Capitol Offense, which has opened for artists such as Willie Nelson and the Charlie Daniels Band, and has played the House of Blues in New Orleans, the Red Rocks Amphitheater in Denver, CO and for two presidential inauguration balls.*
Updated: Byron York on how Huck did it.
Second random precinct in Des Moines:
156 Obama
89 Clinton
73 Edwards
56 Richardson
Updated:
WaPo:
Sen. Barack Obama (Ill.) appears to have secured victory in the Iowa Democratic caucuses, a stunning affirmation of his message of change and a stinging setback to Sen. Hillary Rodham Clinton (N.Y.) -- the long time national frontrunner.
Chris Matthews: "Voters are saying to the slick crowd "No Mas" in reference to rejecting Clinton and Romney in Iowa.
As Media General stock falls below 1992 levels, closing today at 17.15, as opposed to a 52-week high of 43 and more than 70 in 2005, this comment was seen and heard on the MEG message board at Yahoo finance concerning who was driving the sell off:
*It could be Harbert Management Corp, Gabelli, who knows. One thing is for sure. Media General Management has really upset someone. They have denied everyone that is not on the inside a board seat. These funds own the biggest majority of MEG class A shares. The little bit of class B the management owns holds all the voting rights for the board.
When will Media General management wake up??????????????
Do they even care that their long time employees and shareholders are losing everything? I don't think so.
They are hell bent to do whatever they damn well please. They don't appear to care if the stock hits $1.00 as long as they have absolute control of the board.
These assholes own it to the employees to do something to stop this freefall.
EARTH TO MEG MANAGEMENT. IS ANYONE THERE? harley_riding_dude*
Not too much to say yet, but in a random precinct in Des Moines, Obama has 186 to 112 for Edwards. HRC 80.
Josh Marshall of Talking Point Memo fame announces the 2007 Golden Duke Award Nominations for generalized scandal, carnality and ridiculousness.
Larry Craig and Alberto Gonzales lead with nominations in multiple categories.
A great discussion about what it means to be middle class these days:
*A lot of Democrats nowadays seem to suggest that “middle class” refers primarily to struggling families making $30,000 plus a year and backsliding into poverty — those families that the Harvard law professor Elizabeth Warren, a favorite among Democratic class warriors, refers to as the “vanishing middle class.” (I always thought of these voters more as “working class,” another non-defined category.) And yet the group Third Way, which holds down the little-manned moderate wing of the party these days, did a study showing that a lot of middle-class families are actually earning a good deal more than they used to, if by “middle class” you mean working parents with college degrees. The median household income in America, which should be a useful guidepost here, is something like $48,000. But Third Way showed—convincingly, it seemed to me, though Warren attacked the methodology—that if you remove single teenagers and senior citizens from the equation (not the people we generally think of as “middle class families,” after all), the median income is actually about $20,000 higher than that.A great discussion about what it means to be middle class these days.
A lot of Democrats nowadays seem to suggest that “middle class” refers primarily to struggling families making $30,000 plus a year and backsliding into poverty — those families that the Harvard law professor Elizabeth Warren, a favorite among Democratic class warriors, refers to as the “vanishing middle class.” (I always thought of these voters more as “working class,” another non-defined category.) And yet the group Third Way, which holds down the little-manned moderate wing of the party these days, did a study showing that a lot of middle-class families are actually earning a good deal more than they used to, if by “middle class” you mean working parents with college degrees. The median household income in America, which should be a useful guidepost here, is something like $48,000. But Third Way showed—convincingly, it seemed to me, though Warren attacked the methodology—that if you remove single teenagers and senior citizens from the equation (not the people we generally think of as “middle class families,” after all), the median income is actually about $20,000 higher than that.*
These two comments are telling of the new American divide:
*This is a great question. A family of four that has a combined income of $100K is definitely middle class. I am a 25-year-old single copywriter in new york making $75K a year and I define myself as middle class. Taxes and living expenses are so high that I’m lucky if i can save $1K a month. So what’s that, $12K a year - maybe i can afford a down payment on on aparment in 10 years, if i’m smart? Another day, another 30 cents, trying to eek out the American dream…
— Posted by shoz
You probably need to write for The New York Times or work for a tv network to begin to imagine asserting that the median family income is $68,000. Over 40% of American families earn between $70,000 and $94,000? Really? Have you been anywhere between the Jersey suburbs and California in the past decade? Have you looked around?
I know this is unimaginable for Times staffers, but there is a big country out there. Someone is balancing out those million dollar Manhattan payrolls and million-dollar Manhattan condos with $30,000 a year jobs and $150,000 houses to get to the quoted medians. And if Manhattan liberals think they will elect a President by pretending that they are “middle class” on $150,000 a year, they are leaving this nation to the Republicans once again.
— Posted by Ira *
Is it possible to be a Christian and in favor of secular government?
Roger Cohen via NYT:
*Thomas Jefferson saw those words as “building a wall of separation between church and state.” So, much later, did John F. Kennedy, who in a speech predating Romney’s by 47 years, declared: “I believe in an America where the separation of church and state is absolute.”
The absolute has proved porous. The U.S. culture wars have produced what David Campbell of Notre Dame University called: “the injection of religion into politics in a very overt way.”
Much too overt for Europeans, whose alarm at George W. Bush’s presidency has been fed by his allusions to divine guidance — “the hand of a just and faithful God” in shaping events, or his trust in “the ways of Providence.”*
WaPo:
*"There's a big difference between our courage and our convictions, what we believe and what we're willing to fight for," Clinton told reporters here. She said voters in Iowa will have a choice "between someone who talks the talk, and somebody who's walked the walk."
Asked directly whether she intended to raise questions about Obama's character, she replied: "It's beginning to look a lot like that." *
She must be joking. What walk has she walked, besides playing the anti-Tammy Wynette on 60 Miuntes in early 1992. Experience as First Lady doesn't count. And btw, Obama has been elected to office more times than she has.
At the federal level they are both first-term senators.
Experience is a draw, Hillary. Try again.
Sam's right. She's gone nuts.
Dan Balz nails it:
*Character issues appear to be Clinton's weakness in Iowa, which may explain why she has shifted her attacks on Obama to the subject of his character. She scored better than Obama or Edwards on measures of experience, strength, electability and knowledge of the world. But she was seen by Iowa Democrats as the most negative, the most ego-driven and ran behind Edwards and Obama on who was the most likable and who was the most principled.
The Clinton campaign may have had no choice but to step up the attacks on Obama, but she is gambling against a backlash among Iowa voters over her negativity. Given that they already see her as the most negative in the field, perhaps that is a small risk. But in a three-way contest, the candidate who is seen as turning the most negative often pays the highest price.*
*Delaware Sen. Joe Biden passionately declared Sunday that the key solution to illegal immigration begins with Mexican government officials who must expand their economies to provide good jobs for those living south of the border.
"They're being irresponsible. This is the second-wealthiest nation in the hemisphere - we're not talking about Sierra Leone," the Democratic presidential candidate said. "This is a dysfunctional society."
Biden said that illegal immigration will continue, no matter how high the border fence.*