By: Eugene Robinson, Opinion Writer, The Washington Post, September 19, 2011
Olympia “Snowe” Keeps Falling
Sens. Olympia Snowe (R-Maine) and Jeff Sessions (R-Ala.) published a joint op-ed in the Wall Street Journal the other day, calling for new measures to make the legislative process more difficult. No, seriously, that’s what they said.
For two years in a row, the Democratic-led Senate has failed to adopt a budget as required by law. Meanwhile, our gross national debt has climbed to almost $15 trillion — as large as our entire economy. Our bill puts in place a 60-vote threshold before any appropriation bill can be moved through Congress — unless both houses have adopted a binding budget resolution.
We can certainly have a conversation about the breakdown in the budget-writing process, but let’s think about what Snowe and Sessions are proposing here: they want to make it harder for Congress to approve appropriations bills, regardless of the consequences.
Jamison Foser explained, “Republicans, including Sessions and Snowe, have filibustered even the most uncontroversial of measures — and that knee-jerk opposition to just about anything the Senate majority wants to do is a significant part of the reason why the Senate hasn’t adopted a budget. Now Sessions and Snowe cynically use that failure to justify structural changes that would make it harder for the Senate to pass any appropriations bills.”
Snowe and Sessions went on to call for additional “reforms” that would make it far more difficult for Congress to approve “emergency” spending without mandatory supermajorities, too, because they’re horrified by efforts to “spend money we don’t have,” which might “bankrupt the country.”
Of course, Snowe and Sessions see no need for mandatory supermajorities when it comes to tax cuts, alleged “bankruptcy” fears notwithstanding.
But in the larger picture, have you noticed just how far Olympia Snowe has fallen lately? Last week she demanded the administration act with “urgency” to address the jobs crisis, only to filibuster a popular jobs bill just one day later. A week earlier, Snowe prioritized tax cuts for millionaires over job creation. Just a couple of weeks earlier, Snowe tried to argue that government spending is “clearly … the problem” when it comes to the nation’s finances, which is a popular line among conservatives, despite being wrong.
It’s tempting to think the fear of a primary challenge is pushing Snowe to the far-right, but the truth is, the senator’s GOP opponents next year are barely even trying. She may fear a replay of the Castle-O’Donnell fight that played out in Delaware, but all indications are that Snowe really doesn’t have anything to worry about.
And yet, she’s become a shell of her former self, leading to this op-ed — written with a right-wing Alabama senator, no less — demanding that the dysfunctional Senate adopt new ideas that make it more difficult to pass necessary legislation.
There is some prime real estate in the political landscape for genuine GOP moderates who could have a significant impact. Instead, Congress has Olympia Snowe, who now bears no resemblance to the centrist she used to be.
If I had to guess, I’d say most mainstream voters in Maine have no idea of the extent to which Snowe has moved to the right, which is a shame. I wonder how those who supported her in the past would even recognize her anymore.
By: Steve Benen, Washington Monthly Political Animal, October 25, 2011
“Occupy Wall Street” Picks Up Where The Tea Party Sold Out
The federal bank bailout masterminded by President George W. Bush and his Treasury Secretary Henry Paulson ignited the grassroots anger that created the Tea Party. But the populist group betrayed its roots when it went corporate in 2009 after the friendly takeover by Rupert Murdoch and the Koch brothers. The Tea Party sellout may be the reason why the group’s negative ratings have doubled in national polls in the last year.
The Tea Party had every right to be angry in the fall of 2008. The finance industry spent $64 million lobbying Washington in 2008, and the bankers and hedge fund managers got a great return on their investment. The feds came up with $770 billion dollars to bail out the bankers and billionaires who created the economic meltdown that led to millions of Americans losing their jobs and then their homes.
Americans were justifiability horrified at the single biggest federal welfare payment of all time. Not only did the feds bailout out Wall Street but they failed to do anything to help the millions of Americans who lost everything they had because of corporate wrongdoing. Meanwhile, Citibank used $15 million of their fed bailout bucks to buy the naming rights to the new stadium built for the New York Mets.
National surveys show that large majorities of Americans favor ending federal tax freebies for bankers, billionaires, hedge fund managers, and corporate jet setters. The public also wants to end tax giveaways for the oil companies and the Benedict Arnold corporations that send American jobs overseas. But few people in Washington listen, the Tea Party punted, and thousands of courageous Americans are taking to the streets.
To add fuel to the fire, the Bank of America announced this week that it would charge consumers $5 a month to use their own debit cards. After the Tea Party became a subsidiary of corporate America, it was just a matter of time until somebody rushed into the vacuum to channel the hostility that exists towards big business.
By: Brad Bannon, U. S. News and World Report, October 6, 2011
Famous “Reality TV Star” Sarah Palin Laments That Politics Resembles Her World
After starring in her own reality TV show, camping with Kate Gosselin of Jon & Kate Plus 8 fame, dining with Celebrity Apprentice host Donald Trump, and cheering for her daughter on Dancing with the Stars, Sarah Palin has taken to Fox News, where she is paid handsomely as a contributor, to lament that the media creates “reality show intrigue” around possible GOP candidates.
In what is perhaps the least self-aware 16 minute television interview every given, Palin then proceeded to assert that “I am a proponent though of the media providing as much coverage of candidates in order to vet these candidates as possible,” even harkening back to the 2008 election cycle, when she refused most interviews and championed the idea of reaching voters directly, by saying that “we learned our lesson in electing Barack Obama who was not vetted by the media.” Who’d have imagined, based on coverage during the 2008 campaign, that he’d pass a liberal health-care bill, seek to raise taxes on the rich and wind up having been born in America? In all seriousness, it’s hard to think of anything that the news media has dug up about Obama that went unreported before the election but has since proven even marginally consequential.
Let us now marvel at the former Alaska governor’s latest attempt at determining who counts as a real American. “What’s going on in the real world, outside the political beltway where they call it flyover country I guess, the heartland of America, we’re having a hard time finding jobs and keeping jobs, believing that our economy is going to be solvent, and that we won’t be a country on the path toward bankruptcy,” she said. Already, the “we” makes this problematic: Alaska is not flyover country, nor is New York, where Fox News has its studios, or Arizona, where Palin owns a second home, and she doesn’t seem to be having a hard time getting work. Also note that, according to the Bureau of Labor Statistics, the states with the lowest unemployment rate in America during August 2011 were North Dakota, Nebraska, South Dakota, New Hampshire, Oklahoma, Wyoming, Vermont and Iowa in that order — and that the places with the highest unemployment in America, starting with the worst, were Nevada, California, Michigan, South Carolina, D.C., Florida, Rhode Island, North Carolina, Mississippi, and Georgia, in that order. The lesson: Palin’s obsession with privileged “coastal dwelling elites” and the long-suffering “real Americans” in flyover country and the heartland blinds her to reality.
Finally, watch as Palin zings her employer, Fox News, for allegedly spreading misinformation. “I think it’s kind of humorous to see the way that the media is covering these candidates. Let me give you an example of this,” Palin said. “Earlier today, Greta, on Fox News, you had a host who said, ‘Sarah Palin in the polls, she’s way way down there in the polls.’ And I’m kinda scratching my head going, ‘Wait a minute, on another network, on CNN just the other day, they showed a poll where I was within five points of President Obama.’ I was doing well, much better, than many of the other candidates, and I’m thinking, all this misinformation and contradictory information even from hosts on this network itself, it adds to the disconnect of not just the permanent political class, but many in the media also, because sometimes they don’t do their homework, and many times a host or a reporter, they have their own agenda. And they interject their agenda in the information.” If ever a network got what they deserved from an employee, it’s Fox News.
By: Conor Friedersdorf, The Atlantic, September 28, 2011
Rick Perry And The Texas Non-Miracle
About all those new jobs created under Gov. Rick Perry…
The Center for Immigration Studies reports some facts that should sprinkle a little cold water on over-heated claims for the low-wage/high-immigration Texas economic model.
Of jobs created in Texas since 2007, 81 percent were taken by newly arrived immigrant workers (legal and illegal).
Absorb that for a minute.
Native-born Texans have experienced a jobs catastrophe very similar to that of Americans everywhere else in the United States, reports CIS:
The share of working-age natives holding a job in Texas declined significantly, from 71 percent in 2007 to 67 percent in 2011. This decline is very similar to the decline for natives in the United States as a whole and is an indication that the situation for native-born workers in Texas is very similar to the overall situation in the country despite the state’s job growth.
What we are seeing here is not a pattern of job creation. It is a pattern of job displacement.
The large share of job growth that went to immigrants is surprising because the native-born accounted for 69 percent of the growth in Texas’ working-age population (16 to 65). Thus, even though natives made up most of the growth in potential workers, most of the job growth went to immigrants.
And by the way – it’s not just a matter of jobs “Americans won’t do.” As the decline in native-born employment shows, these are jobs natives used to do as recently as 2007. And the displacement is occurring higher and higher up the pay scale.
Immigrants took jobs across the educational distribution. More than one out three (97,000) of newly arrived immigrants who took a job had at least some college.
In all this, illegal immigration remains a huge factor, despite the often-heard claim that illegal immigration has slowed since the end of the housing bubble.
Of newly arrived immigrants who took jobs in Texas since 2007, we estimate that 50 percent (113,000) were illegal immigrants. Thus, about 40 percent of all the job growth in Texas since 2007 went to newly arrived illegal immigrants and 40 percent went to newly arrived legal immigrants.
A couple of conclusions follow:
1) There was no Texas miracle, from the point of view of the people who constituted the population of Texas back in 2007.
2) Rick Perry’s permissive view of immigration is not (as I’ve pointed out before) some compassionate-conservative exception to his no-soup-for-you economic policy. A permissive immigration is the indispensable prerequisite to the no-soup-for-you economy over which Perry presided.
3) Immigration is not an issue separate from the debate over employment and growth. It’s integral. You could plausibly argue in the 2000s that immigration was ancillary to job growth for Americans – or even that it somehow spurred job growth for Americans. In today’s context however, immigration is increasingly a substitute for job growth for Americans.
4) Mitt Romney finally has his answer the next time Rick Perry attacks him for Massachusetts poor jobs ranking in the early part of the 2000s.
“The numbers show, Governor, that your economic policy was great at creating jobs – for Mexico.”
By: David Frum, The Frum Forum, September 22, 2011
Obama’s Tax Plan Is Common Sense, Not Class warfare
“Class warfare!” scream the Republicans, in a voice usually reserved for phrases such as “Run for your lives!”
Spare us the histrionics. The GOP and its upper-crust patrons have been waging an undeclared but devastating war against middle-class, working-class and poor Americans for decades. Now they scream bloody murder at the notion that long-suffering victims might finally hit back.
President Obama’s proposal to boost taxes for the wealthy by $1.5 trillion over the next decade is a good first step toward reforming a system in which billionaire hedge-fund executives are taxed at a lower rate than are their chauffeurs and private chefs.
Republicans whine that, since they oppose raising taxes on the rich — and control the House of Representatives, which can block such legislation — Obama’s proposal should be seen as political, not substantive. This is just a campaign initiative, they say, not a “serious” plan to address the nation’s financial and economic woes.
But that’s pure solipsism: Whatever does not fit the GOP’s worldview is, by definition, illegitimate. By this standard, Obama could propose only measures that are in the Republican Party’s platform — which obviously would defeat the purpose of being elected president as a progressive Democrat in the first place.
Outside of the Republican echo chamber, polls consistently show the American people consider unemployment to be the nation’s most urgent problem, not deficits and debt. Obama was on target with the American Jobs Act he proposed this month; the only question was what took him so long.
Americans do have long-term concerns about debt, however, and by large margins they see an obvious solution: a balanced combination of spending cuts and tax increases. In other words, they want precisely the kind of approach that House Speaker John A. Boehner (R-Ohio) rejected during the debt-ceiling fight — and that he vows to reject again.
Why did Republicans begin squawking about class warfare even before Obama had a chance to announce his proposals? Because by calling on the rich to pay “their fair share” of taxes, the president has hit upon a clear and simple way to illustrate how unequal and unfair our society has become.
Since the beginning of the Reagan years, the share of total income captured by the top 1 percent of earners has doubled while the share taken by the bottom 80 percent has fallen. The rich are getting richer at the expense not only of the poor but of the middle class as well.
Studies demonstrating this trend tend to be dry and, let’s face it, sleep-inducing. But the perverse disparity in tax rates between the super-rich and the rest of us is enough to grab anyone’s attention.
The very wealthy earn much of their income through dividends and capital gains, which are taxed at 15 percent. This low rate would apply specifically to a wildly successful hedge-fund manager who made, say, $50 million last year. By contrast, an insurance company executive who made $500,000 — just 1 percent of what the hedge-fund manager took home — would pay a top marginal income tax rate of 35 percent. Even a teacher who made just $50,000 — 0.1 percent of the hedge-fund haul — would pay a top marginal rate of 25 percent.
Obama proposes tax legislation that would erase this disparity. He also vows that, unless Congress enacts comprehensive — and fair — tax reform, he will allow the Bush tax cuts for households earning more than $250,000 a year to expire at the end of 2012.
The overall plan that Obama announced Monday would cut deficits by about $4 trillion over the next 10 years — without gutting programs that bolster the middle class and aid the poor. New tax revenue and money saved from ending the wars in Iraq and Afghanistan make up most of the total.
Obama’s proposed savings in Medicare and Medicaid are modest and tailored so that their impact is progressive. The president correctly decided that ensuring Social Security’s long-term solvency should proceed on a separate track. All this should be heartening to those who really want to preserve these vital programs.
The headline from Obama’s plan, though, is the call for wealthy Americans to pay taxes like everybody else. If Republicans believe the current system is fine, Obama said, “they should be called out. They should have to defend that unfairness. . . . They ought to have to answer for it.”
We’ve already heard their answer.
And we’ve heard Obama’s retort: “This is not class warfare. It’s math.”
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