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November 30 Obama's Critics From the Left: As Wrong as His Critics From the RightThere have been a lot of criticism of Obma's cabinet picks, from the left as well as the right of the political spectrum but mostly from the left. Many "progressives" feel that Obama used them to get their vote and when he won, he went back on his word and chose Washington insiders whom they feel is cause of the problems that America has now. They say that he is a liar, not a man of his word. They ask is he really for change or is he's just the a part of the same old Washington establishment. Is he? No. By Frank Schaeffer at the Huffington Post When President-elect Obama said he'd reach out to the Republicans and all Americans, he was telling the truth. Apparently some people on the left hoped he was lying. Obama's "sin" in their eyes is that he is keeping his promises. Other than the perpetually aggrieved paranoid cranks on the far right -- FOX News, Rush Limbaugh, Sarah Palin, James Dobson etc., -- most Americans (no matter who they voted for) are just glad that someone brimming with confidence, intelligence and good will is in charge of our rescue, at last! (Watching President-elect Obama's recent press conferences, one could hear a collective sigh of relief from sea to shining sea.) Nevertheless, a few critics from the left are now demanding progressive purity from President-elect Obama that is not in keeping with his clearly stated campaign promise to bring all Americans together, and to put governance and competence ahead of ideology. In that sense they are working against the aims of his presidency. A few progressive critics are bewailing the fact that President-elect Obama's cabinet is "too centrist," or made up of "too many former Clintonites," or that he's working with the Republicans, or that he is "too hawkish on Afghanistan." Turns out some Pharisaical progressives are into guilt by association; "Look at the bad company he's keeping!" they groan. General Jones?! Clinton?! Gates?! The sky is falling! As someone who escaped the fever swamp of the Religious Right many years ago -- I know fundamentalism when I smell it, be it religious or secular. And the criticisms of President-elect from the left stink to high heaven of fundamentalist orthodoxy, albeit with a "progressive" twist. Here are a few examples of the fundamentalists of the left trying to make Obama fit their political "theology:" Chris Bowers writing in Open Left (Nov 21):
Cris Hayes writing in The Nation (Nov 21):
William Greider in the The Nation ( Nov 25)
And this from Noam Chomsky, the grand old man of the left himself, on Democracy Now!. (posted on Alternet Nov 28)
What is the message from these cheerless Scrooges of the left? Joy?
Celebration? The hard work of actual governance? Ba Humbug! We don't do
winning! We don't do actual governance! We only do permanent
opposition! Coal in everyone's stockings... again! That said... There is a reason that the likes of Saints Kucinich (from the left) and Huckabee (from the right) are not the President-elect: most Americans don't want the Church Ladies of the right or the left running the country. Sunday school is one thing, the presidency another. Our country is not so much "center-right" or "center-left" as fundamentally anti-ideological. (Which, by the way, is one reason why the Sarah Palin nomination backfired so badly for McCain.) There are two kinds of people, those that allow reality and experience to define and constantly modify their ideas and those who insist that their ideas define reality. The first kind make things work. The second type (be they right wing creationists, or progressive purists) stand on the sidelines wringing their hands and criticizing the doers for their "heresy," because doing anything in the real word always equals compromise, learning and change. What they of the purist left want from Obama is an ideological orthodoxy of thought and action that does not actually exist, except in their imaginations. And where do they think they are living? This is America and that means that Obama will be trying to govern a country so diverse that Sarah Palin and Noam Chomsky both have a fan base here! Moreover many of Obama's legion of young and energetic supporters have not heard of, nor do they care about, the Noam Chomskys or James Dobsons of this world. History is moving on. Obama is bigger than the pundits. He's bigger than the movements that have divided us. Believe it or not -- this is a new day. As Thomas B. Edsall wisely noted in the Huffington Post (Nov 29) in Battle Royale: Center-Right Versus Center-Left In the Democratic Party:
Under the surface gloss of the left wing criticism of Obama there is, I suspect, something else: the critic's psychological need to feel indispensable, not to mention superior to those of us who like, trust and will follow President-elect Obama because he strikes our gut as likable, trustworthy and deserving of loyalty based on the self-evident merits of his outstanding character. It's just not in their genes to ever be so "ordinary" as to become team players, even when their side has just won. They would rather be in permanent opposition than ever be accused of -- horrors! -- being mainstream. Again; I know about this form of messianic mental illness all too well from my own delusional days as a leader in the fundamentalist evangelical world back in the 70s and early 80s. We were proud of being outsiders, yet resentful of not being included, and yet again weirdly and moralistically haughty because of our self-imposed outsider status. For the fundamentalists of the left, it's no good just getting the job done, let alone doing it in a way that mirrors this diverse, complex and one-size-does-not-fit-all country we live in. From the point of view of the ideologically pure of heart, the only way to get the job done is an in-your-face crusade that humiliates former opponents. This is the don't-forgive-Lieberman "reeducation" theory of political change: it's not enough to just win then change things, you need to do so in a way that leaves anyone who ever disagreed with you punished and out in the cold, furious and plotting your downfall. Here's the right wing ideologue's nightmare: Here's the left wing ideologue's nightmare: President-elect Obama is smarter than his critics and a better and more strategic politician than his rivals. As my friend (blogger and commentator) Frank Gruber wrote to me;
As for we self-proclaimed commentators, we have a President-elect who has more intellectual firepower than all the punditry put together. How confusing! That's good for America. But that's something a whole class of professional carpers will never forgive. And so expect mirror image left/right attacks from the class of talkers to whom the glass is always half empty, because they insist that any water that might be in the glass is inferior if they didn't personally invent it! One reason that President Obama is going to be a very successful President is precisely because his understanding of the cosmos is that his ideas (political, philosophical or theological) do not define it. That's called wisdom. That's called humility. And that is the very wisdom lacking in Obama's ideologically driven left wing critics, who never seem able to complete and paragraph with the words, "But I could be wrong." That is why their posture is already a crouch of disappointed expectation, even before President-elect Obama has been sworn in! When President-elect Obama said that he will try to do what works, regardless of the ideological label or where a good idea comes from, he was telling the truth. Most Americans know how lucky we are to have this remarkable, pragmatic, subtle, thoughtful man for our President-elect. Most of us also know how lucky we are that our next president -- unlike our current White House occupant -- is more interested in being a good president than in proving his "side" right about everything. And most of us also know that the stakes are sky high and that now is a time to stand with our new President-elect, come hell or high water or, perhaps, because of the hell and high water we're already neck deep in. Frank Schaeffer is the author of CRAZY FOR GOD-How I Grew Up As One Of The Elect, Helped Found The Religious Right, And Lived To Take All (Or Almost All) Of It Back. Now in paperback. Key Members of Obama's Economic Team These are some of the people who is in Obama's Economic Team. Like
them or not, they are experts in their field and with President Obama (I like the sound of that) at the helm, they will be the ones who will
get our economy back on the right track. President-elect Barack Obama and Vice President-elect Joe Biden officially announced key members of their economic team today, naming Timothy Geithner as Secretary of the Treasury and Lawrence Summers as Director of the National Economic Council. Obama and Biden also named Christina Romer Chair of the Council of Economic advisors, and named Melody Barnes and Heather Higginbottom to serve as Director and Deputy Director of the Domestic Policy Council. “Vice President-elect Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track. Even as we face great economic challenges, we know that great opportunity is at hand – if we act swiftly and boldly. That’s the mission our economic team will take on,” said President-elect Obama. Timothy F. Geithner, Secretary of the Treasury Timothy Geithner currently serves as president and CEO of the Federal Reserve Bank of New York, where he has played a key role in formulating the nation’s monetary policy. He joined the Department of the Treasury in 1988 and has served three presidents. From 1999 to 2001, he served as Under Secretary of the Treasury for International Affairs. Following that post he served as director of the Policy Development and Review Department at the International Monetary Fund until 2003. Geithner is a graduate of Dartmouth College and the Johns Hopkins School of Advanced International Studies. Lawrence H. Summers, Director of the National Economic Council Lawrence Summers is currently the Charles W. Eliot University Professor at Harvard University. Summers served as 71st Secretary of the Treasury from 1999 to 2001 and as president of Harvard from 2001 to 2006. Before being appointed Secretary, Summers served as Deputy and Under Secretary of the Treasury and as the World Bank’s top economist. Summers has taught economics at Harvard and MIT, and is a recipient of the John Bates Clark Medal, awarded to the American economist under 40 judged to have made the most significant contribution to economics. Summers played a key advisory role during the 2008 presidential campaign. Christina D. Romer, Director of the Council of Economic Advisors Christina Romer is the Class of 1957 Professor of Economics at the University of California, Berkeley, where she has taught and researched since 1988. Prior to joining the faculty at Berkeley, Romer was an assistant professor of economics and public affairs at Princeton University’s Woodrow Wilson School of Public and International Affairs. Romer is co-director of the Program in Monetary Economics at the National Bureau of Economic Research and has been a visiting scholar at the Board of Governors of the Federal Reserve System. Melody C. Barnes, Director of the Domestic Policy Council Melody Barnes is co-director of the Agency Review Working Group for the Obama-Biden Transition Team, and served as the Senior Domestic Policy Advisor to Obama for America. Barnes previously served as Executive Vice President for Policy at the Center for American Progress and as chief counsel to Senator Edward M. Kennedy on the Senate Judiciary Committee from December 1995 until March 2003. Heather A. Higginbottom, Deputy Director of the Domestic Policy Council Heather Higginbottom served as Policy Director for Obama for America, overseeing all aspects of policy development. From 1999 to 2007, Higginbottom served as Senator John Kerry’s Legislative Director. She also served as the Deputy National Policy Director for the Kerry-Edwards Presidential Campaign for the primary and general elections. After the 2004 election, Higginbottom founded and served as Executive Director of the American Security Project, a national security think tank. She started her career as an advocate at the national non-profit organization Communities in Schools. Peter Orszag, Head of the Congressional Budget Office Peter Orszag is an expert on health care, pensions and Social Security policy. He worked at the Clinton White House as special assistant to the president at the National Economic Council and served on the Council of Economic Advisers. Paul Volcker, Chairman, Economic Recovery Advisory Board Volcker, 81, was Federal Reserve chairman from 1979-1987, and will advise Obama as the chair of a committee of private-sector experts on the economy and financial markets. Volcker is best known for his decisiveness in ending a devastating inflationary spiral in the late 1970s by raising interest rates to unprecedented levels. The result was a recession in 1981-82 that generated the worst unemployment since the Great Depression of the 1930s. Austan Goolsbee, Member, Council of Economic Advisers Goolsbee, 38, a University of Chicago economics professor and an expert on tax policy and Internet commerce, has served as Obama's chief economic adviser since Obama won his U.S. Senate seat in 2004. Goolsbee has played a major role in shaping Obama's economic plans, including tax cuts for middle-income Americans and tax increases on those earning over $250,000 a year.
UBS Clients Seek Amnesty on U.S. TaxesHere's an update of an recent entry about UBS closing U. S. accounts used by the wealthy who thought they could get out of paying taxes by hiding their money.
This article is from the Wall Street Journal. You can read the rest of the article here: November 23 Obama's New Website![]() A screenshot of www.change.gov. Why you should care about change.govBy Jason PlautzThe site is the most transparent and modern in the government’s often-spotty history with the Internet. But its most interesting feature is the “American Moment,” where visitors are encouraged to share their stories, concerns and, of course, hopes. The submissions have already started to appear on the site, showing that the administration actually does take it seriously. There’s no way to know if Obama’s people will actually take the stories into consideration when they draw up their agenda, but it is nice to know that somebody is at least listening. This site is just the beginning of what Obama has already promised will be a transparent and digital administration, one that actually listens to its citizens and shows them how they make decisions. Obama’s campaign showed the potential of the Internet and grassroots involvement, an extension of the strategy Howard Dean mastered in the 2004 race. Obama was a big presence on Facebook and MySpace and he expertly used the Web to mobilize young voters. Through his Web site, he managed to organize millions of volunteers, set up events and amass astronomic campaign funds. He also embraced digital technology to connect with his supporters
in an unprecedented way. When he settled on Joe Biden as his V.P. pick,
supporters found out before the media…via text message.
He sent out more emails than that annoying kid on every listserv that
just wants to “remind” people about his upcoming a capella show. Only
Obama’s emails were personally addressed to each supporter and very
calmly encouraged them to donate or get involved in the campaign. He
completely outlapped McCain on the Web (not surprising, considering McCain’s alleged inability to use email). If the campaign was any indication, this administration will be the most Web-savvy, and thus the most interactive. Obama has already made one upgrade - the weekly presidential radio address will now be recorded and broadcast on YouTube. This could bring back the days of FDR’s fireside chats, where people actually find a way to listen to their president to get a sense of what is going on in the government. He has promised to make his presidency more transparent, though there are obvious security and resource limitations on that promise. But it is still an encouraging sign that Obama set up change.gov. It shows that Obama is serious about engaging the digital generation, not only reaching out to them but also hearing from them as well. This campaign saw a debate use YouTube to ask questions and a record number of young voters turn out, many excited by Obama’s digital presence. The Web will allow the “apathetic” young adults to easily find out what’s going on the world. But more importantly, it will allow the government to hear what really matters. In Obama’s acceptance speech, he emphasized that the change hadn’t happened and that it was going to take work from all of us. He is using the Web to help make that change happen, listening to what matters to the citizens and letting them hear what they need to know. I have been to the website, it's pretty nice. A must see. November 21 First lady got backI'm a black woman who never thought I'd see a powerful, beautiful female with a body like mine in the White House. Then I saw Michelle Obama -- and her booty!
November 16 Top Republican Senators Oppose Automaker Bailout
Democratic leaders want to use $25 billion of the $700 billion financial industry bailout to help General Motors Corp., Ford Motor Co. and Chrysler LLC. Sens. Richard Shelby of Alabama and Jon Kyl of Arizona said it would be a mistake to use any of the Wall Street rescue money to prop up the automakers. They said an auto bailout would only postpone the industry's demise. "Companies fail every day and others take their place. I think this is a road we should not go down," said Shelby, the senior Republican on the Senate Banking, Housing and Urban Affairs Committee. "They're not building the right products," he said. "They've got good workers but I don't believe they've got good management. They don't innovate. They're a dinosaur in a sense." Added Kyl, the Senate's second-ranking Republican: "Just giving them $25 billion doesn't change anything. It just puts off for six months or so the day of reckoning." House Speaker Nancy Pelosi, D-Calif., said over the weekend that the House would provide aid to the ailing industry, though she did not put a price on her plan. "The House is ready to do it," said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. "There's no downside to trying." You can read the rest of the article at Huffington Post.
Pelosi and Reid are so partisan that they won't even listen to their Republican colleagues, even when they are right. I think that they both need to step down as speakers of the House and Senate and be replaced with someone who will follow Obama's agenda of bi-partisanship. I agree with Sens. Shelby and Kyl. This bailout is nothing but a band-aid to cover up auto companies striken with gangrene. I feel that the money will not be going to save the companies but in the executive's pockets. The best thing for the government to do is to let the companies go into bankruptcy, force them to reorganize and make financial provisions for the employees who lose their job. The reason why Paulson cant buy toxic morgagesWhen Hank Paulson decided to do a do-over in the bailout plan, I was baffled until I read this lengthy but good article.Here are a few exerpts from an article at Portfolio.comThe End
by Michael Lewis
Nov 11 2008
The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.
![]() At the end of 2004, Eisman, Moses, and Daniel shared a sense that
unhealthy things were going on in the U.S. housing market: Lots of
firms were lending money to people who shouldn’t have been borrowing
it. They thought Alan Greenspan’s decision after the internet bust to
lower interest rates to 1 percent was a travesty that would lead to
some terrible day of reckoning. Neither of these insights was entirely
original. Ivy Zelman, at the time the housing-market analyst at Credit
Suisse, had seen the bubble forming very early on. There’s a simple
measure of sanity in housing prices: the ratio of median home price to
income. Historically, it runs around 3 to 1; by late 2004, it had risen
nationally to 4 to 1. “All these people were saying it was nearly as
high in some other countries,” Zelman says. “But the problem wasn’t
just that it was 4 to 1. In Los Angeles, it was 10 to 1, and in Miami,
8.5 to 1. And then you coupled that with the buyers. They weren’t real
buyers. They were speculators.” Zelman alienated clients with her
pessimism, but she couldn’t pretend everything was good. “It wasn’t
that hard in hindsight to see it,” she says. “It was very hard to know
when it would stop.” Zelman spoke occasionally with Eisman and always
left these conversations feeling better about her views and worse about
the world. “You needed the occasional assurance that you weren’t nuts,”
she says. She wasn’t nuts. The world was. (snip) That’s when Eisman finally got it. Here he’d been making these side bets with Goldman Sachs and Deutsche Bank on the fate of the BBB tranche without fully understanding why those firms were so eager to make the bets. Now he saw. There weren’t enough Americans with shitty credit taking out loans to satisfy investors’ appetite for the end product. The firms used Eisman’s bet to synthesize more of them. Here, then, was the difference between fantasy finance and fantasy football: When a fantasy player drafts Peyton Manning, he doesn’t create a second Peyton Manning to inflate the league’s stats. But when Eisman bought a credit-default swap, he enabled Deutsche Bank to create another bond identical in every respect but one to the original. The only difference was that there was no actual homebuyer or borrower. The only assets backing the bonds were the side bets Eisman and others made with firms like Goldman Sachs. Eisman, in effect, was paying to Goldman the interest on a subprime mortgage. In fact, there was no mortgage at all. "They weren’t satisfied getting lots of unqualified borrowers to borrow money to buy a house they couldn’t afford," Eisman says. "They were creating them out of whole cloth. One hundred times over! That’s why the losses are so much greater than the loans. But that’s when I realized they needed us to keep the machine running. I was like, This is allowed?" (snip) We spent 20 minutes or so determining that our presence at the same lunch table was not going to cause the earth to explode. We discovered we had a mutual acquaintance in New Orleans. We agreed that the Wall Street C.E.O. had no real ability to keep track of the frantic innovation occurring inside his firm. (“I didn’t understand all the product lines, and they don’t either,” he said.) We agreed, further, that the chief of the Wall Street investment bank had little control over his subordinates. (“They’re buttering you up and then doing whatever the fuck they want to do.”) He thought the cause of the financial crisis was “simple. Greed on both sides—greed of investors and the greed of the bankers.” I thought it was more complicated. Greed on Wall Street was a given—almost an obligation. The problem was the system of incentives that channeled the greed. I don't know whether Paulson knew all along or not but the reason why he couldn't buy up toxic mortgages to slow the meltdown is because a vast majority of these loans didn't even exist. Now that the government owns Wall-Street, I wonder what will the Obama Administration do about these criminals who have tricked the government into using taxpayer money into buying bogus mortgages and taking the money to still live extravagantly as if nothing is wrong. This article is long but it's worth a read. http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom#page6 November 15 UBS Is Closing Down Accounts
Some clients feel hung out to dry. "They're not happy," said lawyer Bryan C. Skarlatos of the firm Kostelanetz & Fink. "They feel like UBS is taking steps to protect itself." Awww! how ironic? Who exactly is cheating whom?
November 14 Obama gives Ebony first dibsby Frank James So which magazine was the first to get a sit down interview and photo shoot with President-elect Barack Obama? Ebony Magazine, which was visited by the president-elect at its Chicago offices in the Michigan Ave. headquarters building of its parent, Johnson Publishing Co. That Obama would give his first magazine and photo session to Ebony seems fitting. The magazine was a pioneer in publishing in much the way Obama's a trailblazer in politics. Evolved from Negro Digest, which was founded in 1942 by John Johnson, Ebony for decades was one of the few periodicals African-Americans could turn to for images and stories about black strivers and movers and shakers rarely ever seen in the mainstream media. A black person who made it to Ebony's cover had really made it in the larger sense. Obama is the ultimate African-American striver. Also, the company's present chairman and chief executive Linda Johnson Rice, the founder's daughter, has long been a member of Chicago's black business and political aristocracy into which the Obama's have vaulted in recent years. So all told, not a surprising choice that Ebony got Obama first. The following is from Ebony's announcement of its coup of its interview yesterday: The exclusive interview and cover shoot, held at the headquarters of Johnson Publishing Co. in Chicago, will be the centerpiece of Ebony magazine's January 2009 commemorative issue, which goes on sale nationwide Tuesday, December 9. President-elect Obama spoke to Ebony magazine editorial
director Bryan Monroe on a wide range of issues, including his historic
election and international reaction, the future of America and how he
hopes to tap the enthusiasm of the millions of supporters who have been
mobilized by his election. November 09 8-year-old accused of killing father, another manFLAGSTAFF, Arizona (AP) -- An 8-year-old boy is charged with murder in the shooting of his father and another man in a rural community in eastern Arizona, authorities said Friday. The boy was charged with two counts of premeditated murder in the death of his father, 29-year-old Vincent Romero, and 39-year-old Timothy Romans, St. Johns Police Chief Roy Melnick said. Police arrived at the home within minutes of the shooting Wednesday, Melnick said. They found one victim just outside the front door and the other dead in an upstairs room. The boy, who prosecutors say had never been in trouble before, initially denied involvement in the shooting but later confessed, Melnick said. Police have not said what they think the boy's motive was. Defense attorney Benjamin Brewer argued Friday that police overreached in questioning the boy without representation from a parent or attorney and did not advise him of his rights. "They became very accusing early on in the interview," Brewer said. "Two officers with guns at their side, it's very scary for anybody, for sure an 8-year-old kid." A judge determined at a hearing Friday that there was probable cause to believe the boy committed the killings. He is being held at the Apache County juvenile detention center. St. Johns is a community of about 4,000 people about 170 miles northeast of Phoenix.
Secret Service: Sarah Palin's Rhetoric Led to Spike in Death Threats Against ObamaThe Telegraph: Sarah Palin's attacks on Barack Obama's patriotism provoked a spike in death threats against the future president, Secret Service agents revealed during the final weeks of the campaign. The attacks provoked a near lynch mob atmosphere at her rallies, with supporters yelling "terrorist" and "kill him" until the McCain campaign ordered her to tone down the rhetoric. But it has now emerged that her demagogic tone may have unintentionally encouraged white supremacists to go even further. The Secret Service warned the Obama family in mid October that they had seen a dramatic increase in the number of threats against the Democratic candidate, coinciding with Mrs Palin's attacks. Michelle Obama, the future First Lady, was so upset that she turned to her friend and campaign adviser Valerie Jarrett and said: "Why would they try to make people hate us?" Because they were desperate, Michelle. They had nothing else on which to run so they decided create a malevolent image of your husband in order to stoke fear, anger and rage among the ignorant. Details of the spike in threats to Mr Obama come as a report last week by security and intelligence analysts Stratfor, warned that he is a high risk target for racist gunmen. It concluded: "Two plots to assassinate Obama were broken up during the campaign season, and several more remain under investigation. We would expect federal authorities to uncover many more plots to attack the president that have been hatched by white supremacist ideologues." The McCain/Palin Campaign have created a monster that cannot be stopped easily. Let's pray for our president-elect that God protect him and his family and remove and dismantle any person or group who wants to destroy them. November 03 Obama's Grandmother Dies At Age 86![]() Obama's Grandparents WASHINGTON (Reuters) - Democratic presidential candidate Barack Obama's grandmother died of cancer, he said in a statement on Monday, a little more than a week after Obama interrupted the White House race to say goodbye to her in Hawaii. "It is with great sadness that we announce that our grandmother, Madelyn Dunham, has died peacefully after a battle with cancer," Obama said in a joint statement with his sister, Maya Soetoro-Ng. "She was the cornerstone of our family, and a woman of extraordinary accomplishment, strength, and humility." Dunham helped raise Obama from the age of 10 while his mother was working in Indonesia, and Obama took an emotional 22-hour trip to Hawaii to visit her on October 23 and 24. Read more: http://www.reuters.com/article/newsOne/idUSTRE4A26GV200... |
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