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Obama Transition

Nancy Pelosi says we should bailout GM and Chrystler. Coming on the heels of the financial bailout, this will rack up more trillions of Federal debt, and it will set a bad precedent, as I argued in an earlier post. But more to the point, as Paul Farrell has forcefully argued at Marketwatch.com today, it is an inexcusable extension of Reaganomics.

[Naomi] Klein further exposed this insanity in a recent Rolling Stone article, “The New Trough: The Wall Street bailout looks a lot like Iraq, a ‘free-fraud zone’ where private contractors cash in on the mess they helped create.” Paulson’s privatization, outsourcing and management of the $700 billion bailout has the exact same Reaganomics ideological, strategic and deceptive footprints that President George W. Bush and former Defense Secretary Donald Rumsfeld used to privatize, outsource and mismanage the costly Iraq War blunder. Yes, Paulson is America’s new Rumsfeld!

And they keep going at it! Where is Krugman’s vaunted conscience? This needs to be shouted from the rooftops until someone in government grows the testicular fortitude to do the right thing: Fiscal stimulus is an investment in public capital — not private capital.

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save the dinosaurs!

save the dinosaurs!

The Democrat leadership has obviously not gotten the memo on ideological shift. Here is the article from the wires.

Democratic Congressional leaders urged the Bush administration on Saturday to consider using the $700 billion bailout for the financial system to aid distressed American automakers, in a prelude to what may become urgent negotiations over additional economic stimulus measures.

This is a bad idea for so many reasons. First, it sets a bad precedent. Every progressive policy idea of the next four (let’s hope eight) years will be stained by the memory of this capitulation to corporate interests.

Second, it invites an environmental nightmare. What’s next? Bailing out the coal industry because it’s losing jobs to green energy? Bailing out AIG because they’re “too big too fail”? (Oops. Already done.) These guys are going out of business because they thought cheap gas would last forever. They are dinosaurs who deserve to die. Maybe if we’re lucky their carcasses will provide fuel for someone in one hundred million years. They even knew the good times couldn’t last, but they put that nasty thought out of their heads for instant gratification of quick profit. This is how the AP put it:

At Ford Motor Co. they called it “Blue,” a team set up around the year 2000 to design an array of small, fuel-efficient cars to compete with the Japanese. It didn’t get far because no one could figure out how to make money on low-priced compacts with Ford’s high labor costs.

Besides, the automaker was racking up billions in profits by selling pickups and sport utility vehicles. Times were good and gas was cheap.

If the government commits to maintaining failing technologies because people have jobs that depend on them we are never going to get ahead of the energy curve. If Chevron and ExxonMobil get bailouts there will be an insurrection right here in the good old U. S. of A.

Third, it validates the idea that corporations are the equivalent of citizens. It should not need to be said, so why am I saying it? Corporations are not people. They may have a lot of money, but corporations are not citizens. The business of government is citizens, not collections of citizens, or business syndicates, or legal fictions. If the Dems in Congress want to do something for the people who will be laid off if the auto companies die, put money into infrastructure or unemployment benefits. That at least will tide workers over until a true entrepreneur comes along with a better job to give these men and women. When you work in a factory it doesn’t matter if you build SUVs or hybrids — it’s all the same to the assembly worker. But if you bail out GM and Ford, all you will see for the next ten years are more SUVs and Hummers.

drshift

Source: Paul Krugman's NY Times Blog, The Conscience of a Liberal

Look at the dark blue in Indiana. Ditto for the non-Appalachian areas of Kentucky. This is a map of the percent change from Republican to Democrat votes between 2004 and 2008. There are only two, maybe three, plausible reasons for this change. Either people all over the country so were shocked by Bush and Co.’s ineptitude that they voted for an relatively unknown and untested candidate, or they changed their minds about the core truth of conservative political philosophy. Maybe both.

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As CC’s intrepid reporter J. D. Oxblood just pointed out, New York City cops ain’t too bright. But it turns out (and this is no surprise) that the problem doesn’t stop at the street.

The New York Times is reporting that the city decided to settle a law suit from 2003 for two million dollars. The suit claimed wrongful arrest: the cops swept the street to crush any sign of political dissent, made mass arrests that imprisoned innocent passersby, and in the end, after deciding to settle out of court rather than face a trial, the cops refused to apologize. (Sounds a little like how they recruited inmates for Gitmo.)

It would be easy (and correct) to blame this gross infringement of our rights and liberties on Guiliani, the Republicans (Mayor Mike, that means you too), and the nasty political culture of hate and fear that has been allowed to flower since Reagan announced it was morning in America. Ann Coulter should serve the same amount of time in jail for undermining respect for political dissent in this country that those 52 innocents had to spend for being in the wrong place at the wrong time. (Even a couple of days times 52 is a lot). As Ahmad Shirazi, 70, one of those arrested said:

… as he was being handcuffed for the first time in his life, he told the officer that the plastic cuffs were squeezing him. “He said, ‘You should have thought about that before you came out this morning.’ It was like a dagger in my heart, that a police officer of my city would come up with anything like that.”

But in New York City at least we have another Lady who we can look to as justification of our petition to have cops and politicians punished who try to strong arm us into giving up our freedom.