Monday, October 26, 2009

 
PART OF THE PROBLEM? The New York Times says what must be said. Good for them.


Wednesday, October 21, 2009

 
FUN FACT Sen. David Vitter (R-LA) is a Rhodes Scholar.


Friday, October 16, 2009

 
ANOTHER JULIE MYERS? This is troubling. Especially if you read all the way to the bottom.


Thursday, October 01, 2009

 
WES ANDERSON? REALLY? Very disappointing.


Monday, August 17, 2009

 
A THOUGHT Guess we better close all the libraries--with their public funding and their peculiar business models.

I mean, how are private bookstores supposed to compete when the government just goes around loaning books to people for free?


Friday, May 01, 2009

 
HE'S STILL ARLEN SPECTER Run, Joe, run!


Tuesday, April 28, 2009

 
CLARIFY HIS MIND Doesn't it seem like Sen. Chuck Schumer (D-NY) would benefit more than a bit from a primary challenge?


Sunday, March 08, 2009

 
TAX RATES Via Brad DeLong, top Federal marginal tax rates from the 1920s to the present:

The slight uptick shown in the final column (at right) is projected--it assumes the expiration of the Bush tax cuts.


Tuesday, January 20, 2009

 
WHERE WERE WE? Ah, yes.


Thursday, December 25, 2008

 
PINTER DEAD The New York Times says that Harold Pinter, the playwright behind THE CARETAKER, THE HOMECOMING and other seminal works is dead at 78.


Friday, December 05, 2008

 
PBS, CNN AND TORTURE From a footnote to Scott Horton's article "Justice After Bush" in the December issue of Harper's magazine:
I myself was warned twice by PBS producers, in advance of appearances on The Newshour with Jim Lehrer, that I could use the word "torture" in the abstract but that I was to refrain from applying it to the administration's policies.

And after an interview with CNN in which I spoke of the administration's torture policy, I was told by the producer, "That's okay for CNN International, but we can't use it on the domestic feed."

Wednesday, December 03, 2008

 
FEINSTEIN IS FOR TORTURE? It would appear so:
“I think that you have to use the noncoercive standard to the greatest extent possible.”

Wednesday, September 24, 2008

 
MAKES NO SENSE I keep seeing news reports about what provisions of the Wall Street bailout Hank Paulson has or has not agreed. But to be blunt about it: Who cares?

Does anyone honestly believe that if Congress comes up with a bailout plan--any bailout plan at all--clocking in at several hundred billion dollars, President Bush is going to veto it?

What Paulson thinks is (thankfully) irrelevant. Congress should figure out if passing a plan would be a good idea; if so, what plan would be best; and then Congress should pass that plan.

Looking at it any other way makes no sense.


Monday, September 22, 2008

 
MUCH BETTER Via Krugman. Maybe this was the plan all along. But the early language from Sen. Dodd (D-CT) and others was ominous.

The question, now, is if Dodd and others will be willing to hold the line.


Sunday, September 21, 2008

 
SCHUMER Mukasey, the hedge fund loophole dodge and now wishy washy comments like this.

Doesn't Sen. Chuck Schumer (D-NY) need to speak more clearly and forcefully against the Bush administration's bailout plan?

And if he won't, doesn't he need a primary challenge in 2010?


 
OBAMA: IT'S NO PLAN Recently posted on the campaign blog:
Thus far, the Administration has only offered a concept with a staggering price tag, not a plan.

Even if the Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects some basic principles.
He goes on to enumerate a whole bunch of sensible principles.

But will he have the courage to stick his neck out on this? Even as Sen. Chris Dodd (D-CT) and Sen. Chuck Schumer (D-NY) seem to be bowing down before Hank Paulson as some sort of savior?

We can only hope.


 
THIS IS MADNESS Giving Hank Paulson $700 billion to do what he pleases with is insane. It's the same as the Iraq war--and roughly the same price--but instead of carnage and destruction, we're just skipping straight to the part where we give all the loot to the powerful and well-connected.

That's not to say federal intervention isn't needed. It sounds like it is. But putting the former head of Goldman Sachs in charge of the mother of all taxpayer sponsored slush funds--for him to dole out to his old Wall Street friends in whatever way he likes--is worse than crazy.

Calling it "crazy" doesn't even begin to capture how crazy it is.


Saturday, September 20, 2008

 
LISTEN TO DeLONG An economist from the Clinton administration speaks:
The decisions that will be made this weekend matter not just to the prospects of the U.S. economy in the year to come; they will shape the type of capitalism we will live in for the next fifty years.

Do we want to live in a system where profits are private, but losses are socialized? Where taxpayer money is used to prop up failed firms?

Or do we want to live in a system where people are held responsible for their decisions, where imprudent behavior is penalized and prudent behavior rewarded? For somebody like me who believes strongly in the free market system, the most serious risk of the current situation is that the interest of few financiers will undermine the fundamental workings of the capitalist system.

The time has come to save capitalism from the capitalists.

Thursday, September 04, 2008

 
NOT THE ONLY ONE Brad DeLong is confused:
John McCain wants to nominate his friend Joe Lieberman for vice president, is told that he cannot, and so he backs down and instead nominates somebody who takes their children to a church where they teach that suicide bombers in Tel Aviv are righteously executing God's vengeance on Israel for rejecting Jesus Christ.

Do I have it right?

I must say I am confused.

Saturday, May 03, 2008

 
WSJ ON RACE The Wall Street Journal wades into the gutter--and very close to the cesspool of racism--in a bizarre Saturday op-Ed from Jon Keller.

The conceit of the piece, titled, "President Obama: The Preview?" is this:

There may not be two politicians on the national stage more alike than Barack Obama and Massachusetts Gov. Deval Patrick. Both went to Harvard Law, are African-American politicians with mass appeal, and use soaring rhetoric to promise a bold new postpartisan politics.
The piece proceeds to catalog Patrick's supposed failures, and to suggest--with no justification beyond what's in the above paragraph--that Obama would make similar mistakes.

But plenty of politicians in this country--former Gov. Eliot Spitzer and Sen. Chuck Schumer (D-NY) come immediately to mind--went to Harvard Law School.

And literally dozens of pols on the national scene "use soaring rhetoric and promise bold new postpartisan politics."

So how does Keller reach the conclusion that Obama and Patrick are political twins? And that Patrick's record is a preview of what an Obama presidency would look like? Clearly, the decisive factor is that they're both "African-American politicians with mass appeal." (Although it's not clear how "mass appeal" figures into the equation.)

So, would editors at the WSJ allow a writer to lump together as near-facsimiles two Jewish politicians on the basis of their Jewishness? Would they allow this kind of guilt-by-ethnicity smear with two Catholic candidates or two Americans of Polish descent?

Of course not. Disgusting.


Tuesday, April 29, 2008

 
LET ME SAY THIS On the Rev. Jeremiah Wright matter: I've seen several bits of commentary over the last several weeks accusing Democrats of hypocrisy for complaining about all the Wright coverage even though lefties have regularly criticized Republicans for their relationships with people like Jerry Falwell, Pat Robertson, and more recently, John Hagee.

But this is apples and oranges.

The problem with conservatives cozying up to the Pat Robertsons and John Hagees of the world is that Republicans go to these people specifically seeking their political imprimatur. A Robertson endorsement is coveted not in spite of but because of the controversial things he's said, and the fact that a constituency exists which endorses his political views.

Whatever you think about the Wright-Obama relationship, it's clearly never been about that.



CONTRAPOSITIVE is edited by Dan Aibel. Dan's a playwright. He lives in New York City.