“The Lies That Will Kill America”: Pundits Run To The Defense Of A Massive Bank And Other Tales Of The Lapdog Media
Here in Manhattan the other day, you couldn’t miss it — the big bold headline across the front page of the tabloid New York Post, screaming one of those sick, slick lies that are a trademark of Rupert Murdoch’s right wing media empire. There was Uncle Sam, brandishing a revolver and wearing a burglar’s mask. “UNCLE SCAM,” the headline shouted. “U.S. robs bank of $13 billion.”
Say what? Pure whitewash, and Murdoch’s minions know it. That $13 billion dollars is the settlement JPMorgan Chase, the country’s biggest bank, is negotiating with the government to settle its own rip-off of American homeowners and investors — those shady practices that five years ago helped trigger the financial meltdown, including manipulating mortgages and sending millions of Americans into bankruptcy or foreclosure. If anybody’s been robbed it’s not JPMorgan Chase, which can absorb the loss and probably take a tax write-off for at least part of it. No, it’s the American public. In addition to financial heartache we still have been denied the satisfaction of seeing jail time for any of the banksters who put our feet in cement and pushed us off the cliff.
This isn’t the only scandal JPMorgan Chase is juggling. A $6 billion settlement with institutional investors is in the works and criminal charges may still be filed in California. The bank is under investigation on so many fronts it’s hard to keep them sorted out – everything from deceptive sales in its credit card unit to Bernie Madoff’s Ponzi scheme to the criminal manipulation of energy markets and bribing Chinese officials by offering jobs to their kids.
Nor is JPMorgan Chase the only culprit under scrutiny. Bank of America was found guilty just this week of civil fraud, and a gaggle of other banks is being investigated by the government for mortgage fraud. No wonder the camp followers at Fox News, the Wall Street Journal, CNBC and other cheerleaders have ganged up to whitewash the banks. If justice is somehow served, this could be the biggest egg yet across the smug face of unfettered, unchecked, unaccountable capitalism.
One face in particular: Jamie Dimon, the chairman and CEO of JPMorgan Chase. One of Murdoch’s Fox Business News hosts, Charlie Gasparino, claims the Feds are on a witch hunt against Dimon for criticizing President Obama, whose administration, we are told, “is brutally determined and efficient when it comes to squashing those who oppose their policies.” But hold on: Dimon is a Democrat, said to be Obama’s favorite banker, with so much entree he’s been doing his own negotiating with the attorney general of the United States.
But that’s crony capitalism for you, bipartisan to a fault. Rupert Murdoch has been defending Dimon in his media for a long time. Last spring, when it looked like there might be a stockholders revolt against Dimon, Murdoch was one of many bigwigs who rushed to his defense. He tweeted that JPMorgan would be “up a creek” without Dimon. “One of the smartest, toughest guys around,” Murdoch insisted. Whether Murdoch’s exaltation had an effect or not, Dimon was handily reelected.
Over the last few days, The Wall Street Journal, both Bible and supplicant of high finance as well one of Murdoch’s more reputable publications –at least in its reporting – echoed the “UNCLE SCAM” indignation of the more lowbrowPost. The government just wants “to appease their left wing populist allies,” its editorial writers raged, with a “political shakedown and wealth-redistribution scheme.” Perhaps, the paper suggested, the White House will distribute some of the JPMorgan Chase penalty to consumers and advocacy groups and “have the checks arrive in swing Congressional districts right before the 2014 election.” We can hear the closet Bolsheviks panting for their handouts now and getting ready to use their phony ID’s to stuff the box on Election Day with multiple illegal ballots .
Such fantasies are all part of the Murdoch News Corp pattern, an unending flow of falsehood and phony populism that in reality serves only the wealthy elite. Fox News is its ministry of misinformation, the fake jewel of the News Corp crown, a 24/7 purveyor of flimflam and the occasional selective truth. Look at the pounding they’ve given Obama’s healthcare reform right from the very start, whether the non-existent death panels or claims that it would cause the highest tax increase in history.
While it’s true that the startup of Obamacare has been plagued by its website nightmare and other problems, Fox News consistently has failed to mention Republican roadblocks that prevented the program from getting proper funding or the fact that so many states ruled by Republican governors and legislatures – more than 30 — have deliberately failed to set up the insurance marketplaces critical to making the new system work. Just the other day, Eric Stern atSalon.com fact-checked a segment on Sean Hannity’s show. “Average Americans are feeling the pain of Obamacare and the healthcare overhaul train wreck,” Hannity declared, “and six of them are here tonight to tell us their stories.”
Eric Stern tracked down each of the Hannity Six and found that while their questions about health reform may have been valid, the answers they received from Hannity or had decided for themselves were not. “I don’t doubt that these six individuals believe that Obamacare is a disaster,” Stern reported. “But none of them had even visited the insurance exchange.”
And there you have the problem: ideology and self-interest trump the facts or even caring about the facts, whether it’s banking, Obamacare or global warming. Ninety seven percent of climate scientists say that climate change is happening and that humans have made it so, but only four in ten Americans realize it’s true. According to a new study in the journal Public Understanding of Science, written by a team that includes Yale University’s Anthony Leiserowitz, the more that people listen to conservative media like Fox News or Limbaugh, the less sure they are that global warming is real. And even worse, the less they trust science.
Such ignorance will kill democracy as surely as the big money that funds and encourages the media outlets, parties and individuals who spew the lies and hate. The ground is all too fertile for those who will only believe whatever best fits their resentment or particular brand of paranoia. It is, as an old song lyric goes, “the self-deception that believes the lie.” The truth will set us free; the lie will make prisoners of us all.
By: Bill Moyers and Michael Winship, Salon, Originally Published in Bill Moyers Blog, October 25, 2013
“GOP Roots For Failure”: With Disturbing Frequency, Republicans Wish For Disaster On “The American People”
In theory, lawmakers should hope that government programs work well, and if they don’t, work to fix them. Elected representatives should hope that government agencies carry out their missions smoothly, and if something goes wrong, try to figure out what happened to avoid making the same mistake in the future.
Obviously that’s not how things work in the United States, where one of the two parties doesn’t actually believe in government. Republicans want to shrink government until it’s small enough to drown in a bathtub! They think there’s nothing scarier than the prospect of a government employee trying to help! With beliefs like those, it’s perhaps not surprising that — with disturbing frequency — they root for failure in order to score points.
Examples abound. After the attack in Benghazi, G.O.P. lawmakers were far more interested in laying blame and making the Obama administration look bad than in improving security for diplomats. In the midst of the I.R.S. scandal — which turned out not to be much of a scandal at all — Republicans seemed positively gleeful.
Which brings me to today’s House hearing on the bumpy rollout of the federal health insurance marketplace.
The rollout is bumpy, and inexcusably so. It appears that the federal exchange Web site wasn’t fully tested until two weeks before it opened. As today’s Times story put it, the online health insurance marketplace “is still limping along after three weeks.”
Lawmakers can and should hold the administration to account. But given that House Republicans have done everything in their power to try to dismantle the Affordable Care Act — including shutting down the entire government — it’s understandable that House Democrats expressed suspicion about their motives.
“I wish I could believe that this hearing is above board, but it’s not,” said Representative Frank Pallone, Democrat of New Jersey. “The Republicans don’t have clean hands coming here. Their effort is obviously not to make this better, but to use the website glitches as an excuse to defund or repeal Obamacare.”
Taking the same line, Representative Henry Waxman, Democrat of California, said: “We have already documented a record of Republicans attempting to sabotage the Affordable Care Act.” He added, “If we want this law to work, we have to make this right; we’ve got to fix it. Not what the Republicans are trying to do: nix it and repeal it.”
Although some Republicans asked valid and thoughtful questions of the private contractors who’d come to testify, others seemed to prove Mr. Pallone and Mr. Waxman right.
Representative Joe Pitts, Republican of Pennsylvania, took the opportunity to say he would seek a delay in the individual mandate—exactly what Republicans wanted before there was any word of trouble with the online exchanges. Healthcare.gov is “nothing less than an unmitigated disaster,” Mr. Pitts said. He also wondered aloud if the people behind it were “simply incompetent” or else “lying to the American people.”
“If the Web site glitches are just the tip of the iceberg,” said Representative Greg Walden, Republican of Oregon, “it’s only a matter of time before the law sinks and takes with it those Democrats who wrote it, voted for it and are proud of it.”
Breaking that down: If the glitches indicate deep problems, then health care reform will fall apart, and Republicans will reap the benefits in the next election. In other words, disaster would be good for his party.
By: Juliet Lapidos, Editors Blog, The New York Times, October 24, 2013
“The Cry Of The True Republican”: As Seen By A “Genetic Republican”, Today’s GOP Is A Virulent Strain Of Empty Nihilism
I am a genetic Republican.
Five generations of Tafts have served our nation as unwaveringly stalwart Republicans, from Alphonso Taft, who served as attorney general in the late 19th century, through William Howard Taft, who not only was the only person to be both president of the United States and chief justice of the United States but also served as the chief civil administrator of the Philippines and secretary of war, to my cousin, Robert Taft, a two-term governor of Ohio.
As I write, a photograph of my grandfather, Senator Robert Alphonso Taft, looks across at me from the wall of my office. He led the Republican Party in the United States Senate in the 1940s and early 1950s, ran for the Republican nomination for president three times and was known as “Mr. Republican.” If he were alive today, I can assure you he wouldn’t even recognize the modern Republican Party, which has repeatedly brought the United States of America to the edge of a fiscal cliff — seemingly with every intention of pushing us off the edge.
Throughout my family’s more than 170-year legacy of public service, Republicans have represented the voice of fiscal conservatism. Republicans have been the adults in the room. Yet somehow the current generation of party activists has managed to do what no previous Republicans have been able to do — position the Democratic Party as the agents of fiscal responsibility.
Speaking through the night, Senator Ted Cruz, with heavy-lidded, sleep-deprived eyes, conveyed not the libertarian element in Republican philosophy that advocates for smaller government and less intrusion into the personal lives of citizens, but a new, virulent strain of empty nihilism: “blow it up if we can’t get what we want.”
This recent display of bomb-throwing obstructionism by Republicans in Congress evokes another painful, historically embarrassing chapter in the Republican Party — that of Senator Joseph McCarthy, chairman of the Senate Permanent Subcommittee on Investigations, whose anti-Communist crusade was allowed by Republican elders to expand unchecked, unnecessarily and unfairly tarnishing the reputations of thousands of people with “Red Scare” accusations of Communist affiliation. Finally Senator McCarthy was brought up short during the questioning of the United States Army’s chief counsel, Joseph N. Welch, who at one point demanded the senator’s attention, then said: “Until this moment, Senator, I think I never really gauged your cruelty or your recklessness.” He later added: “Have you no sense of decency, sir? At long last, have you left no sense of decency?”
Watching the Republican Party use the full faith and credit of the United States to try to roll back Obamacare, watching its members threaten not to raise the debt limit — which Warren Buffett rightly called a “political weapon of mass destruction” — to repeal a tax on medical devices, I so wanted to ask a similar question: “Have you no sense of responsibility? At long last, have you left no sense of responsibility?”
There is more than a passing similarity between Joseph McCarthy and Ted Cruz, between McCarthyism and the Tea Party movement. The Republican Party survived McCarthyism because, ultimately, its excesses caused it to burn out. And eventually party elders in the mold of my grandfather were able to realign the party with its brand promise: The Republican Party is (or should be) the Stewardship Party. The Republican brand is (or should be) about responsible behavior. The Republican party is (or should be) at long last, about decency.
What a long way we have yet to go.
By: John G. Taft, Op-Ed Contributor, The New York Times, October 22, 2013
“Lousy Medicaid Arguments”: Deeply Revealing, More Evidence Of The Right’s Intellectual Decline
For now, the big news about Obamacare is the debacle of HealthCare.gov, the Web portal through which Americans are supposed to buy insurance on the new health care exchanges. For now, at least, HealthCare.gov isn’t working for many users.
It’s important to realize, however, that this botch has nothing to do with the law’s substance, and will get fixed. After all, a number of states have successfully opened their own exchanges, doing for their residents exactly what the federal system is supposed to do everywhere else. Connecticut’s exchange is working fine, as is Kentucky’s. New York, after some early problems, seems to be getting there. So, a bit more slowly, does California.
In other words, the technical problems, while infuriating — heads should roll — will not, in the end, be the big story. The real threat remains the effort of conservative groups to sabotage reform, especially by blocking the expansion of Medicaid. This effort relies heavily on lobbying, lavishly bankrolled by the usual suspects, including the omnipresent Koch brothers. But it’s not just money: the right has also rolled out some really lousy arguments.
And I don’t just mean lousy as in “bad”; I also mean it in the original sense, “infested with lice.”
Before I get there, a word about something that, as far as we can tell, isn’t happening. Remember “rate shock”? A few months ago it was all the rage in right-wing circles, with supposed experts claiming that Americans were about to face huge premium increases.
It quickly became clear, however, that what these alleged experts were doing was comparing apples and oranges — and as Ezra Klein of The Washington Post pointed out, oranges that, in many cases, you can’t even buy. Specifically, they were comparing the premiums young, healthy men were paying before reform with the premiums everyone — including those who previously couldn’t get insurance because of pre-existing conditions — will pay under the new system. Oh, and they also weren’t taking into account the subsidies many Americans will receive, reducing their costs.
Now people are signing up for policies on state exchanges and, to a limited extent, on the federal exchange. Where are the cries of rate shock? Anecdotal evidence, which is all we have so far, says that people are by and large happily surprised by the low cost of their insurance. It was telling that when Fox News eagerly interviewed some middle-class Americans who said they had been hurt by the Affordable Care Act, it turned out that none of their guests had actually checked out their new options — they just knew health reform was terrible because Fox News told them so.
Now, about those lousy Medicaid arguments: Last year’s Supreme Court decision upholding the Affordable Care Act did strike down one provision, the one that would have forced all states to accept an expansion of Medicaid, the already-existing program of health insurance for the poor. States are now free to reject that expansion. Yet how can states justify turning down a federal offer to insure thousands of their citizens, one that would cost them nothing in the first year and only trivial amounts later? Sheer spite — the desire to sabotage anything with President Obama’s name on it — is the real reason, but doesn’t sound too good. So they need intellectual cover.
Enter the same experts, more or less, who warned about rate shock, to declare that Medicaid actually hurts its recipients. Their evidence? Medicaid patients tend to be sicker than the uninsured, and slower to recover from surgery.
O.K., you know what to do: Google “spurious correlation health.” You are immediately led to the tale of certain Pacific Islanders who long believed that having lice made you healthy, because they observed that people with lice were, typically, healthier than those without. They were, of course, mixing up cause and effect: lice tend to infest the healthy, so they were a consequence, not a cause, of good health.
The application to Medicaid should be obvious. Sick people are likely to have low incomes; more generally, low-income Americans who qualify for Medicaid just tend in general to have poor health. So pointing to a correlation between Medicaid and poor health as evidence that Medicaid actually hurts its recipients is as foolish as claiming that lice make you healthy. It is, as I said, a lousy argument.
And the reliance on such arguments is itself deeply revealing, because it illustrates the right’s intellectual decline. I mean, this is the best argument their so-called experts can come up with for their policy priorities?
Meanwhile, many states are still planning to reject the Medicaid expansion, denying essential health care to millions of needy Americans. And they have no good excuse for this act of cruelty.
By: Paul Krugman, Op-Ed Columnist, The New York Times, October 20, 2013
“Debunking GOP And Media Claims”: Reality Is Most Americans Back Obamacare Or Want It Expanded
One of the many disgraceful aspects of the media coverage of Obamacare—and criticism of the ACA, and the Tea Party claims in general—is the rote depiction of the new law as “very unpopular” or “opposed by most Americans according to polls” because it goes too far. Most people are said to be happy with the health care system as is, and so on. In other words, repeating the GOP line.
Now, those who have supported the law have long claimed that the simple bottom line poll numbers are misleading. Yes, those numbers generally show that, say, 51% don’t like the ACA and only 44% approve. Yet, as we know (but many in the media fail to recognize, even beyond Fox News), a lot of Democrats and liberals are unhappy, wisely, because the law doesn’t go far enough, or that President Obama didn’t fight for the public option or single payer or Medicare for all. So how many of them are included in that bottom line number who “oppose” the ACA—but from the left?
Polls have indicated there’s a fair number but now there’s a new one today that CNN actually took the trouble—at the end of its online report, true—to break out. And, lo and behold, it turns out that fully 12% of those opposed feel the law doesn’t so far enough.
So, as they note, that means that instead of just over 50% being against the law because it goes too far—the impression most in the media have left—at least 53% actually back the law or believe it should be expanded. And the poll was taken at the worst possible time—amidst the current widespread complaints about the roll-out of the ACA sign-up provisions.
The other numbers in the poll bear out support for the ACA, as they show that the shutdown has inspired growing unpopularity for the GOP and John Boehner (even among Republicans) but Obama’s standing has remained the same.
This is the first time since the Republicans won back control of the House in the 2010 midterm elections that a majority say their control of the chamber is bad for the country.
Meanwhile, an expert on the ACA has fact-checked a Sean Hannity segment last Friday and exposes the misinformation there—and also suggests, sadly, that many Fox viewers who could save thousands of dollars each year, and gain coverage for pre-existing condition and for their children by embracing Obamacare, probably will not. That’s the true evil of Fox propaganda.
By: Greg Mitchell, The Nation, October 21, 2013
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