Tuesday, September 30, 2008

Comic Relief from Chris Rock

Larry King talks with comedian and activist Chris Rock about his thoughts on the hot issues in politics.

Monday, September 29, 2008

Picture of the Day

You have to love photo shop...

Sunday, September 28, 2008

Rountable: What's Next for Economy

View, This Week with George Stephanopoulos along with George Will, Robert Reich, Newt Gingrich, and Steven Pearlstein.

USA Today/Gallop Poll

(Q) A new USA TODAY/Gallup Poll shows 46% of people who watched Friday night's presidential debate say Democrat Barack Obama did a better job than Republican John McCain; 34% said McCain did better.

Obama scored even better -- 52%-35% -- when debate-watchers were asked which candidate offered the best proposals for change to solve the country's problems.

More than six in 10 people or 63% in the one-day poll, taken Saturday, said they watched the first faceoff in Oxford, Miss. For those 701 people, the margin of error was +/- 4 percentage points.

Truly Beyond Parody

Money Quote: Andrew Sullivan...Yes, I saw Tina Fey and Amy Poehler last night. And, of course, the amazing thing is that a whole section of the script was directly transcribed from Palin's actual attempted interview with Katie Couric. There is no way Saturday Night Life could make more fun of Palin than she made of herself. How does McCain win an election with a national joke as his running-mate?

Saturday, September 27, 2008

McCain's earmark obsession

I remain completely baffled by John McCain's windmill-tilting at federal earmarks.

In last night's presidential debate, the Arizona senator first began by talking about how the United States is in a "fiscal crisis" rather than a financial or credit crisis. Yet U.S. deficit spending as a percentage of GDP is not particularly high in historical terms, and now that there is a flight to safety in the markets, the U.S. government is able to borrow money at a near-zero interest rate. Yes, there is a looming fiscal calamity ahead, but the main problem today has to do with a freezing up of the credit markets, not the federal government's deficit spending.

What's more, McCain seems not to understand that earmarks are just a tiny piece of the fiscal picture. As Barack Obama pointed out during the debate, earmarks represent just $18 billion out of a much larger pie. Compare that to the projected 2009 deficit (not counting the bailout) of roughly $500 billion. Or compare it to the total federal budget of about $3 trillion.

Here's a pie chart, via economist Mark Thoma:

CBS Debate Poll Results

The CBS poll of undecideds has more confirmatory detail. Obama went from a +18 on "understanding your needs and problems" before the debate to a +56 (!) afterward. And he went from a -9 on "prepared to be president" to a +21.

Why Voters Thought Obama Won...

Okay, we thought that McCain had a slight upper hand tonight (though we also said it wasn't a game changer, which is basically another way of saying that McCain didn't do what he had to). But the initial polls suggest that viewers give the nod to Obama in a big way.

TPM has the internals of the CNN poll of debate-watchers, which had Obama winning overall by a margin of 51-38. The poll suggests that Obama is opening up a gap on connectedness, while closing a gap on readiness.

More Results...
Specifically, by a 62-32 margin, voters thought that Obama was “more in touch with the needs and problems of people like you”. This is a gap that has no doubt grown because of the financial crisis of recent days. But it also grew because Obama was actually speaking to middle class voters. Per the transcript, McCain never once mentioned the phrase “middle class” (Obama did so three times). And Obama’s eye contact was directly with the camera, i.e. the voters at home. McCain seemed to be speaking literally to the people in the room in Mississippi, but figuratively to the punditry.

The Obama campaign is quick out the gate with this new TV ad on the economy, criticizing McCain for saying nothing about the concerns of the middle class during the debate:

Thursday, September 25, 2008

Letterman rails against McCain for no-show

U.S. New-Home Sales Fell in August to 17-Year Low

(Q) Sales of new homes in the U.S. fell in August to a 17-year low, signaling the housing market suffered another setback even before the latest turmoil in financial markets.

Sales dropped 11.5 percent, more than forecast, to an annual rate of 460,000, the fewest since January 1991, the Commerce Department said today in Washington. The median sales price dropped to a four-year low. Bounce 2 Bloomberg

To Debate or Not to Debate that is Question

Wednesday, September 24, 2008

Obama Hanged In Effigy

In a State that held the largest political campaign rally during the primary season for Barack Obama, a crowd of 75K, but now an Oregon college is now infamous for a racist effigy. Welcome to George Fox University ...at a Quaker college, no less. The bigotry continues....

A Simple Explanation of What Went Wrong

I read this interesting Brookings paper yesterday, titled "A Brief Guide To Fixing Finance." The most intriguing part of the paper was this simple explanation of exactly how things managed to get so bollocked up in the first place.

The authors note the “domino-like” character to the financial crisis:

1. The bubble in home prices, fueled by the ready availability of credit, resulted in an underestimate of the risks of residential real estate;

2. The peaking of residential home prices in 2006, combined with lax lending standards were followed by a very high rate of delinquencies on subprime mortgages in 2007 and a rising rate of delinquencies on prime mortgages;

3. Losses thereafter on the complex “Collateralized Debt Obligations” (CDOs) that were backed by these mortgages;

4. Increased liabilities by the many financial institutions (banks, investment banks, insurance companies, and hedge funds) that issued “credit default swaps” contracts (CDS) that insured the CDOs;

5. Losses suffered by financial institutions that held CDOs and/or that issued CDS’s;

6. Cutbacks in credit extended by highly leveraged lenders that suffered these losses.

Sure, that's an oversimplification. But it is a good place for the layperson to begin trying to comprehend what exactly went wrong here . . .

Palin In Polling Free-Fall

You can fool some of the people ...
The new NBC News/Wall Street Journal poll will be released at 6:30 pm ET, but here's an early look at one set of numbers: Forty-nine percent say that Palin is unqualified to be president if the need arises, compared with 40 percent who say she's qualified. By contrast, 64 percent believe Biden is qualified to be president, versus just 21 percent who disagree.

Business Ownership: How Sweet It Can Be!


For today's Economic lesson: Activity 1 Click Here!

Activity 3...Choose any one of the following Links to complete the seven questions.

Elise McMillan and her brother Evan co founded The Chocolate Farm in Englewood, Colorado, in the late 1990s.

Milton Hershey (more history here)broke ground for his chocolate factory near Lancaster, PA in 1903. It was the beginning of what would become Hershey Foods Corporation.

Forrest Mars, Sr. invited Bruce Murrie, an investment banker and son of the Hershey company president, to be his partner in M&M Ltd. The M&Ms we still eat today were first sold to the public in 1941. The letters in "M&M" stand for Mars & Murrie. Eventually, Murrie left the business but Forest Mars became the owner of Mars, Inc.

Wally Amos launched the Famous Amos Cookie Company in a Hollywood, CA storefront on Sunset Boulevard in 1975.

TIP: If a company has incorporated and is publicly traded, another source of information will be Hoover’s Online Directory.

Tuesday, September 23, 2008

A Conservative Takes Aim at McCain

The final two paragraphs from George Will's column today are worth highlighting again:

Conservatives who insist that electing McCain is crucial usually start, and increasingly end, by saying he would make excellent judicial selections. But the more one sees of his impulsive, intensely personal reactions to people and events, the less confidence one has that he would select judges by calm reflection and clear principles, having neither patience nor aptitude for either.

It is arguable that, because of his inexperience, Obama is not ready for the presidency. It is arguable that McCain, because of his boiling moralism and bottomless reservoir of certitudes, is not suited to the presidency. Unreadiness can be corrected, although perhaps at great cost, by experience. Can a dismaying temperament be fixed?

Monday, September 22, 2008

Sunday, September 21, 2008

Saturday, September 20, 2008

Poll: Lingering Racism May Hurt Obama

One-third of polled white Democrats harbor negative views toward blacks

Deep-seated racial misgivings could cost Barack Obama the White House if the election is close, according to an AP-Yahoo News poll that found one-third of white Democrats harbor negative views toward blacks — many calling them "lazy," "violent" or responsible for their own troubles.

The poll, conducted with Stanford University, suggests that the percentage of voters who may turn away from Obama because of his race could easily be larger than the final difference between the candidates in 2004 — about two and one-half percentage points.More than a third of all white Democrats and independents — voters Obama can't win the White House without — agreed with at least one negative adjective about blacks, according to the survey, and they are significantly less likely to vote for Obama than those who don't have such views.

Such numbers are a harsh dose of reality in a campaign for the history books. Obama, the first black candidate with a serious shot at the presidency, accepted the Democratic nomination on the 45th anniversary of Martin Luther King Jr.'s "I Have a Dream" speech, a seminal moment for a nation that enshrined slavery in its Constitution.

"There are a lot fewer bigots than there were 50 years ago, but that doesn't mean there's only a few bigots,"
said Stanford political scientist Paul Sniderman who helped analyze the exhaustive survey. Bounce 2 MSNBC to read more....

Friday, September 19, 2008

The GOP Has Gone Commie!

This take is courtesy The Big Picture enjoy...I am having a hard time keeping up with all of the bailouts and special facilities created for dealing with this crisis. Am I missing any?

- Bear Stearns
- Economic Stimulus progam
- Housing Bailout Program
- Fannie & Freddie
- AIG
- No Short selling rules
- Fed liquidity programs (Term Lending facility, Term Auction facility)
- Money Market fund insurance program
- Special Loans for GM & Ford
- New RTC type program

If you are a fan of irony, consider this: The conservative movement has utterly hated FDR, and his New Deal programs like Medicaid, Social Security, FDIC, Fannie Mae (1938), and the SEC for nearly 80 years. And for the past 8 years, a conservative was in the White House, with a very conservative agenda. For something like 16 of the past 18 years, the conservative dominated GOP has controlled Congress. Those are the facts.

We now see that the grand experiment of deregulation has ended, and ended badly. The deregulation movement is now an historical footnote, just another interest group, and once in power they turned into socialists. Indeed, judging by the actions of the conservatives in power, and not the empty rhetoric that comes out of think tanks, the conservative movement has effectively turned the United States into a massive Socialist state, an appendage of Communist Russia, China and Venezuela.

To paraphrase Floyd Norris, we have become Marxists, but of the Groucho, not Karl, variety . . .

Vast Bailout by U.S. Proposed in Bid to Stem Financial Crisis

(Q) The head of the Treasury and the Federal Reserve began discussions on Thursday with Congressional leaders on what could become the biggest bailout in United States history.

While details remain to be worked out, the plan is likely to authorize the government to buy distressed mortgages at deep discounts from banks and other institutions. The proposal could result in the most direct commitment of taxpayer funds so far in the financial crisis that Fed and Treasury officials say is the worst they have ever seen.

Senior aides and lawmakers said the goal was to complete the legislation by the end of next week, when Congress is scheduled to adjourn. The legislation would grant new authority to the administration and require what several officials said would be a substantial appropriation of federal dollars, though no figures were disclosed in the meeting. Bounce 2 NYTimes for the rest of the story.

Obama ad hits McCain on social security

Another unreleased Obama ad, this one airing in Flint, Michigan, goes after a favorite Democratic issue at an economically scary time: Social Security. (It's not a good week to have had, as so many Americans do, your retirement savings in equities.)

The spot accuses McCain of wanting to privatize the program. The AARP, which opposes such plans, but also follows this closely, has a summary of McCain's past support for diverting some, but not all, payroll taxes into private accounts.

These unreleased spots raising alarms about bread-and-butter economic issues may say more about the real race than does the cable news buzz.

Thursday, September 18, 2008

Wednesday, September 17, 2008

Obama on the Offensive

Sen. Barack Obama (D-Ill.) is airing an unusual two-minute TV ad about the economy, calling for “shared responsibility” and “real regulation” to rein in an “anything-goes culture on Wall Street.”

The ad is part of the campaign’s effort to respond confidently and convincingly to this weekend’s financial meltdown.

Two-minute ads are sometimes used in the opening or closing days of a campaign, but are rarely seen in the heat of the fall.

Tuesday, September 16, 2008

Fed’s $85 Billion Loan Rescues Insurer

(Q) Fearing a financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government control of the troubled insurance giant American International Group.

The decision, only two weeks after the Treasury took over the federally chartered mortgage finance companies Fannie Mae and Freddie Mac, is the most radical intervention in private business in the central bank’s history.

With time running out after A.I.G. failed to get a bank loan to avoid bankruptcy, Treasury Secretary Henry M. Paulson Jr. and the Fed chairman, Ben S. Bernanke, convened a meeting with House and Senate leaders on Capitol Hill about 6:30 p.m. Tuesday to explain the rescue plan. They emerged just after 7:30 p.m. with Mr. Paulson and Mr. Bernanke looking grim, but with top lawmakers initially expressing support for the plan. But the bailout is likely to prove controversial, because it effectively puts taxpayer money at risk while protecting bad investments made by A.I.G. and other institutions it does business with.

Buying vs. Renting (Economic Class)


For the assignment of September 16, 2008...click here and you will be directed to the site. Any questions ask me....

Sunday, September 14, 2008

McCain and Gutter Politics...

"I wonder how many times you have to be hit on the head before you find out who's hitting you? It's about time that the people of America realized what the Republicans have been doing to them," - Harry Truman.

Thursday, September 11, 2008

President Bush OK'd Raids

(Q) President Bush secretly approved orders in July that for the first time allow American Special Operations forces to carry out ground assaults inside Pakistan without the prior approval of the Pakistani government, according to senior American officials.

The classified orders signal a watershed for the Bush administration after nearly seven years of trying to work with Pakistan to combat the Taliban and Al Qaeda, and after months of high-level stalemate about how to challenge the militants’ increasingly secure base in Pakistan’s tribal areas.

Another Scandal...

(Q) As Congress prepares to debate expansion of drilling in taxpayer-owned coastal waters, the Interior Department agency that collects oil and gas royalties has been caught up in a wide-ranging ethics scandal — including allegations of financial self-dealing, accepting gifts from energy companies, cocaine use and sexual misconduct.

In three reports delivered to Congress on Wednesday, the department’s inspector general, Earl E. Devaney, found wrongdoing by a dozen current and former employees of the Minerals Management Service, which collects about $10 billion in royalties annually and is one of the government’s largest sources of revenue other than taxes.

“A culture of ethical failure” pervades the agency, Mr. Devaney wrote in a cover memo.

The reports portray a dysfunctional organization that has been riddled with conflicts of interest, unprofessional behavior and a free-for-all atmosphere for much of the Bush administration’s watch. See video for more details...

Wednesday, September 10, 2008

Credit for Beginners

Economics lesson for Wednesday, September 10, 2008, click here.

Sunday, September 7, 2008

Steelers Score Early to Win, 38-17

Parker runs for 138 yards, 3 TDs as Steelers wrangle Texans
For one game, it seemed like a replay of the Steelers' Super Bowl-winning season of three years ago.

Parker showed no loss of speed or cutback ability resulting from the broken right leg that ended his 2007 season in the Steelers' next-to-last game, when he was leading the NFL in rushing. Ben Roethlisberger missed on only one of 14 passing attempts until being lifted after three quarters.

Hines Ward had two scoring catches among his six receptions for 76 yards, and Pro Bowl safety Troy Polamalu, coming off an injury-filled season, made his first interception in nearly two years.

Saturday, September 6, 2008

Friday, September 5, 2008

Jobless rate soars to 6.1%

(Q) The unemployment rate soared to a nearly five-year high in August as employers trimmed jobs for the eighth straight month, the government reported Friday.

The unemployment rate rose to 6.1%, the highest level since September 2003. That's up from 5.7% in July and 4.7% a year ago.

In addition, the economy suffered a net loss of 84,000 jobs in August, according to the U.S. Department of Labor, compared to a revised reading of a 60,000 job loss in July.

The U.S. economy has lost 605,000 jobs so far this year.

The jobs report immediately drew comment from the presidential candidates as well as the Bush administration.
To read on Bounce 2 CNN Money

Sunday, August 17, 2008

Solar Energy

In absorbing the dizzying series of foreign policy challenges facing this president and the next, one factor obviously stands out. Oil - the damage it does and the tyrants it enables - is the great enemy, from Georgia to Iraq. Finding a way to get ourselves off this stuff is the most urgent national security need we have. Which is why this progress on solar power is so encouraging:
At 800 megawatts total, the new plants will greatly exceed the scale of previous solar installations. The largest photovoltaic installation in the United States, 14 megawatts, is at Nellis Air Force Base in Nevada, using SunPower panels.

Spain has a 23-megawatt plant, and Germany is building one of 40 megawatts. A recently built plant that uses mirrors to concentrate sunlight, called Nevada Solar One, can produce 64 megawatts of power.
In absorbing the dizzying series of foreign policy challenges facing this president and the next, one factor obviously stands out. Oil - the damage it does and the tyrants it enables - is the great enemy, from Georgia to Iraq. Finding a way to get ourselves off this stuff is the most urgent national security need we have. Which is why this progress on solar power is so encouraging:
At 800 megawatts total, the new plants will greatly exceed the scale of previous solar installations. The largest photovoltaic installation in the United States, 14 megawatts, is at Nellis Air Force Base in Nevada, using SunPower panels.

Spain has a 23-megawatt plant, and Germany is building one of 40 megawatts. A recently built plant that uses mirrors to concentrate sunlight, called Nevada Solar One, can produce 64 megawatts of power.

Saturday, August 16, 2008

Obama: Corsi, Unfit for Publication

“Corsi has penned a litany of bigoted, hateful comments– crossing the line so thoroughly that even the right-wing operatives behind Swift Boat Veterans for Truth disavowed him. This is a man who smears the Catholic Church, calls the Pope ’senile,’ and regularly demeans public servants in vile sexual and racial terms . . . In short, his record of attacks is disgusting and false, and so is this book.” (The Huffington Post, quoting Obama Response, Unfit For Publication)

Thursday, July 31, 2008

Markets Shaken by GDP

Positive v. Negative

Boston Globe:

The Wisconsin Advertising Project, which monitors campaign ad spending nationwide, reported yesterday that of the $48 million worth of ads the two campaigns have aired since Obama clinched the nomination in early June, 90 percent of Obama's ads have been positive and mostly about himself, while about one-third of McCain's commercials referred to Obama negatively.

And that was before this...

Wednesday, July 30, 2008

The World's Biggest Arms Exporters

JUST five countries supplied 80% of global arms exports between 2003 and 2007, according to a recent report by the Stockholm International Peace Research Institute, a think-tank. SIPRI counts the deliveries of large conventional weapons, each of which are assigned a value according to cost, strategic importance and other criteria. America supplied a third of global exports by this count, with South Korea and Israel the main buyers. China is Russia's best customer, taking 45% of its total exports. China is also the largest recipient of imports, accounting for 12% of the global total. Other big importers include India and the United Arab Emirates.

Obama Counters McCain's Recent Negativity

Is that a Fly?

Inside Professor Obama’s Classroom

Courtesy The Caucus
Examining the Course Materials
We’ve asked four legal experts to take a look at then-Professor Barack Obama’s course materials and offer some insight into what they say about Mr. Obama’s teaching methods, priorities and approach to the Constitution.

Pamela S. Karlan, a law professor at Stanford, an expert on voting issues and a former clerk to Justice Harry A. Blackmun, concludes that “it’s hard to tell whether Professor Obama is simply playing it close to his vest – that is, he has strong views but thinks the classroom isn’t an appropriate place for revealing them – or whether his views fall within the mainstream of the constitutional law professoriate, which tends to be moderately liberal on individual rights issues.”
Pamela S. Karlan | 1:30 p.m. Three preliminary reactions to this really interesting story.
1. In thinking about what inferences we might draw about a President Obama from a Professor Obama, we’re handicapped a little by a distinctive aspect of the University of Chicago Law School’s constitutional law curriculum. Unlike most other first-tier American law schools, Chicago separates into two separate courses what are often referred to as the “structural” and “individual rights” provisions of the Constitution. (This is probably more a function of the fact that Chicago uses three shorter terms each academic year, rather than the more conventional two longer ones, so each course covers a bit less territory.)
So the course that Professor Obama taught did not examine many of the issues that have come to the forefront of constitutional debate during the last eight years – such as the president’s inherent powers under Article II of the Constitution to disregard limitations placed on his authority by Congress or other aspects of what’s referred to as “separation of powers” (the checks and balances among the three branches of government).
The only slight hint we get about the war on terror, for example, comes from one question about handing out limited supplies of an anti-biological weapon drug, and there we’re focusing on individual rights, not the government’s powers.

2. Looking at the exams for the Constitutional Law class, one of the most striking features to a law professor is how conventional they are. If you put Professor Obama’s exam questions in a pile with the questions asked by me or my colleagues – or if you asked one of us to prepare model answers to his exam questions – you would not be able to guess which ones he prepared and which ones were prepared by full-time legal academics.
There are at least three inferences I draw from this. First, Senator Obama has a first-rate mind for legal doctrine and could have been a first-rate academic had his interests gone in that direction. He would have been most unlikely – even beyond the fact that his values differ – to have bought into the legal work underlying many of the current Administration’s policies, such as the incomplete “torture memos.”
Second, Senator Obama has a sensitivity to role. By this I mean that he doesn’t appear to have used his classroom as a platform for pushing his own pet theories of constitutional law. He seems to have taught “down the middle” in a way that gave the students the tools to be fine constitutional lawyers but didn’t require them to agree with his position. By contrast, I’ve seen other constitutional law professors’ exams and model answers where a student who disagrees with the professor’s idiosyncratic approach or policy preferences would have found it hard to do well.
Third, and perhaps related, precisely because the examinations and the model answers are so conventional, it’s hard to tell whether Professor Obama is simply playing it close to his vest – that is, he has strong views but thinks the classroom isn’t an appropriate place for revealing them – or whether his views fall within the mainstream of the constitutional law professoriate, which tends to be moderately liberal on individual rights issues.

3. The syllabus for Professor Obama’s Racism and the Law class is an interesting one. The materials are not particularly surprising, but seem relatively well thought-out. But their focus, as well as the focus of the exam questions, tends to be almost entirely on blacks and whites, with only one session devoted to the distinctive issues surrounding Native Americans – and that session being primarily historical – and relatively little attention devoted to questions that arise with respect to Latinos.
That’s not surprising as a matter of law school syllabi – the black-white paradigm remains dominant. And the syllabus is fifteen years old. But it’s interesting that Senator Obama, despite having spent many years in Hawaii, where a number of very interesting questions about multiracial groups and indigenous people have been playing out, hewed so closely to the black-white line. I would imagine if he were teaching such a course today, he might have ranged further afield.
Read more...

Friday, July 25, 2008

Quote of the Day

McCain has straitjacketed himself in an ideology focused more on enemies (real and imagined) than on opportunities.

He has also taken a rather exotic line on Russia, which he wants to drum out of the G-8 organization of major industrial powers (a foolish proposal, since none of the other G-8 members would abide by it). His notion of a "League of Democracies" seems a transparent attempt to draw a with-us-or-against-us line in the sand against Russia and China. But that's the point: McCain would place a higher priority on finding new enemies than on cultivating new friends. Bounce 2 Joe Klein

Wednesday, July 23, 2008

McCain On The Anbar Awakening

From a CBS interview with John McCain today:
"Couric: Senator McCain, Sen. Obama says, while the increased number of U.S. troops contributed to increased security in Iraq, he also credits the Sunni awakening and the Shiite government going after militias. And says that there might have been improved security even without the surge. What's your response to that?

McCain: I don't know how you respond to something that is such a false depiction of what actually happened. Colonel McFarlane (phonetic) was contacted by one of the major Sunni sheiks. Because of the surge we were able to go out and protect that sheik and others. And it began the Anbar awakening. I mean, that's just a matter of history. Thanks to General Petraeus, our leadership, and the sacrifice of brave young Americans. I mean, to deny that their sacrifice didn't make possible the success of the surge in Iraq, I think, does a great disservice to young men and women who are serving and have sacrificed.

They were out there. They were protecting these sheiks. We had the Anbar awakening. We now have a government that's effective. We have a legal system that's working, although poorly. And we have progress on all fronts, including an incredible measure of security for the people of Iraq. There will still be attacks. Al Qaeda's not defeated. But the progress has been immense. And to not recognize that, and why it happened, and how it happened, I think is really quite a commentary.

Couric: A commentary on what?

McCain: That Sen. Obama does not understand the challenges we face. And … not understand the need for the surge. And the fact that he did not understand that, and still denies that it has succeeded, I think the American people will make their judgment."

Well, that's funny, because Spencer Ackerman happens to have Col. (now Brigadier General) McFarland right here:
"With respect to the violence between the Sunnis and the al Qaeda -- actually, I would disagree with the assessment that the al Qaeda have the upper hand. That was true earlier this year when some of the sheikhs began to step forward and some of the insurgent groups began to fight against al Qaeda. The insurgent groups, the nationalist groups, were pretty well beaten by al Qaeda.

This is a different phenomena that's going on right now. I think that it's not so much the insurgent groups that are fighting al Qaeda, it's the -- well, it used to be the fence-sitters, the tribal leaders, are stepping forward and cooperating with the Iraqi security forces against al Qaeda, and it's had a very different result. I think al Qaeda has been pushed up against the ropes by this, and now they're finding themselves trapped between the coalition and ISF on the one side, and the people on the other."

That's from September 29, 2006. Here's Gen. McFarland, writing about the surge in 2008, described (pdf) a lot of work in Anbar province throughout the summer of 2006, culminating in a "tipping point" (h/t Seth Colter Walls):
"On 9 September 2006 Sittar organized a tribal council, attended by over 50 sheiks and the brigade commander, at which he declared the “Anbar Awakening” officially underway. The Awakening Council that emerged from the meeting agreed to first drive AQIZ from Ramadi, and then reestablish rule of law and a local government to support the people. The creation of the Awakening Council, combined with the ongoing recruitment of local security forces, began a snowball effect that resulted in a growing number of tribes either openly supporting the Awakening or withdrawing their support from AQIZ."

The surge was announced on Jan. 10, 2007. That's four months after the "tipping point" at which the Anbar Awakening really got under way, and three and a half months after the briefing at which McFarland described the success of the Awakening. McFarland and his troops left Anbar in February of 2007 (pdf; p. 51), before any of the surge troops would have arrived. So I don't see how this could possibly be true: "Colonel McFarlane (phonetic) was contacted by one of the major Sunni sheiks. Because of the surge we were able to go out and protect that sheik and others. And it began the Anbar awakening." Unless, as Matt Yglesias notes, McCain credits the surge with enabling time travel.

Spencer Ackerman says that McCain's statement is "either a lie or professional malpractice for a presidential candidate who is staking his election on his allegedly superior Iraq judgment." Ilan Goldenberg is even harsher:
"This is not controversial history. It is history that anyone trying out for Commander and Chief must understand when there are 150,000 American troops stationed in Iraq. It is an absolutely essential element to the story of the past two years. YOU CANNOT GET THIS WRONG. Moreover, what is most disturbing is that according to McCain's inaccurate version of history, military force came first and solved all of our problems. If that is the lesson he takes from the Anbar Awakening, I am afraid it is the lesson he will apply to every other crisis he faces including, for example, Iran.

This is just incredibly disturbing. I have no choice but to conclude that John McCain has simply no idea what is actually happened and happening in Iraq."

Note to self: if I ever run for President and decide to stake everything on my understanding of one thing, I should familiarize myself with the basic facts about it. I should be especially careful to do this before I say something like this about someone who got it right: "I don't know how you respond to something that is such a false depiction of what actually happened."
Courtesy Andrew Sullivan

Take the Test

Tuesday, July 22, 2008

Political Humor...Colbert and...

Never Underestimate McCain, But ...

Oh, let's just admit it: John McCain is a long shot. He's got a heroic personal story, and being white has never hurt a presidential candidate, but on paper 2008 just doesn't look like his year. And considering what's happening off paper, it might be time to ask the question the horse-race-loving media are never supposed to ask: Is McCain a no-shot?

Continues...
The media will try to preserve the illusion of a toss-up; you'll keep seeing "Obama Leads, But Voters Have Concerns" headlines. But when Democrats are winning blood-red congressional districts in Mississippi and Louisiana, when the Republican president is down to 28 percent, when the economy is tanking and world affairs keep breaking Obama's way, it shouldn't be heresy to recognize that McCain needs an improbable series of breaks. Analysts get paid to analyze, and cable news has airtime to fill, so pundits have an incentive to make politics seem complicated. In the end, though, it's usually pretty simple. Everyone seems to agree that 2008 is a change election. Which of these guys looks like change?

To read full article Bounce 2 Michael Grunwald Time Magazine

Obama Trip to Iraq...Flexibility

Monday, July 21, 2008

The NBA's euro problem

It was only a matter of time before the declining dollar affected the world of sport. In years past, the Europe's prime basketball talent bolted across the pond for the superior pay and play of the NBA. Now, the trend appears to be heading in the opposite direction, thanks to the rising euro and an influx of Russian investment in the European league. Suddenly, playing in Europe doesn't sound like such a bad idea after all.

Former New Jersey Net Bostjan Nachbar (above left, with Dallas's Dirk Nowitzki) is the latest player to spurn the NBA and sign a more lucrative contract with a European team, which pays in the much more attractive euro, and often tax-free:
"The NBA had better be careful," Nachbar said. "European teams are offering a lot of money. It's much more, considering there are no taxes, than what I could make signing for the midlevel exception."
Once confined to players with previous overseas experience, the trend is spreading to home-grown Americans, too. Highly rated high schooler Brandon Jennings, struggling with academic issues, shocked the college basketball world by opting to play in Europe instead of attending school. And Atlanta's Josh Childress, unhappy with the state of contract negotiations with the Hawks, is weighing an offer to play in Greece.

Although the NBA, already cultivating the Chinese market, has been eyeing European expansion, I don't think this is exactly what Commissioner David Stern had in mind.
Courtesy Foreign Policy Passport

Saturday, July 19, 2008

Iraq Ready for US Withdrawl?


Patrick Appel noted this story earlier:
"Iraqi Prime Minister Nuri al-Maliki told a German magazine he supported prospective U.S. Democratic presidential candidate Barack Obama's proposal that U.S. troops should leave Iraq within 16 months.

In an interview with Der Spiegel released on Saturday, Maliki said he wanted U.S. troops to withdraw from Iraq as soon as possible."

The Spiegel interview is here:
"SPIEGEL: Would you hazard a prediction as to when most of the US troops will finally leave Iraq?

Maliki: As soon as possible, as far as we're concerned. U.S. presidential candidate Barack Obama talks about 16 months. That, we think, would be the right timeframe for a withdrawal, with the possibility of slight changes.

SPIEGEL: Is this an endorsement for the US presidential election in November? Does Obama, who has no military background, ultimately have a better understanding of Iraq than war hero John McCain?

Maliki: Those who operate on the premise of short time periods in Iraq today are being more realistic. Artificially prolonging the tenure of US troops in Iraq would cause problems. Of course, this is by no means an election endorsement. Who they choose as their president is the Americans' business. But it's the business of Iraqis to say what they want. And that's where the people and the government are in general agreement: The tenure of the coalition troops in Iraq should be limited."

Marc's take on Maliki endorsing Obama's withdrawal timetable:
This could be one of those unexpected events that forever changes the way the world perceives an issue. Iraq's Prime Minister agrees with Obama, and there's no wiggle room or fudge factor. This puts John McCain in an extremely precarious spot: what's left to argue? To argue against Maliki would be to predicate that Iraqi sovereignty at this point means nothing...Via e-mail, a prominent Republican strategist who occasionally provides advice to the McCain campaign said, simply, "We're fucked."
I tend to agree this is McCain's Perfect Storm scenario...talk about out on a plank all by yourself.

Tuesday, July 15, 2008

John Adams Addresses Supreme Court

Can Virginia, after 44 years in the GOP column, go Dem?

To probe this topic, E.J. Dionne Jr. column not only turns in a tremendous RUTHER GLEN dateline but also sounds out two Virginia politicos who know their way around Richmond's Capitol Square (to say nothing of Big Stone Gap, Farmville and Tappahannock):

[Virginia Gov. Tim] Kaine is broadly progressive in his views. But like Obama, whom he supported in the primaries, Kaine has been a vocal critic of partisanship. Indeed, Virginia Democrats have been gaining ground since 2001 partly by casting theirs as the party of nonpartisanship and Republicans as ideologues.

"We've been doing that here in Virginia for a while," said Mo Elleithee, a top Kaine consultant who worked for Hillary Clinton this year. "We did that with Warner in '01, Kaine in '05 and Democratic legislative candidates in '07."

Elleithee sees the path for Obama in Virginia as similar to Kaine's: Win just enough in the state's rural areas and overwhelm McCain in the Washington suburbs and among African Americans, notably in Hampton Roads.

Yet Elleithee also says McCain makes the state "very challenging" for Democrats, particularly because his war-hero status appeals to its large population of active and retired military voters

But the issue in Virginia may well be whether history is just history this year. Christopher Peace, a 31-year-old Republican who represents this area just north of Richmond in the state House of Delegates, argues that the election will be decided by "people in their mid-30s, married with two children and two dogs, professional families."

"A lot of that rhetoric about 'working families' is about them," Peace said. "They are not duty-bound to their party anymore. They are duty-bound to their pocketbooks." Such voters made Kaine governor, and they're the ones Obama needs to win.
Photo Courtesy Ranhar2

Saturday, July 12, 2008

Surging Towards Democrats

Sun-Sentinel: Through May Democratic voter registration in Broward County is up 6.7% compared to GOP registrations, which grew 3%.
Democrats have posted even greater gains statewide, up 106,508 voters from January through May, compared with 16,686 for the Republicans.

Tuesday, July 8, 2008

McCain on Iraq's Independence

From 2004 at the CFR:
Question: "What would or should we do if, in the post-June 30th period, a so-called sovereign Iraqi government asks us to leave, even if we are unhappy about the security situation there?"

McCain: "Well, if that scenario evolves then I think it's obvious that we would have to leave because -- if it was an elected government of Iraq, and we've been asked to leave other places in the world. If it were an extremist government then I think we would have other challenges, but I don't see how we could stay when our whole emphasis and policy has been based on turning the Iraqi government over to the Iraqi people."

Here's McCain today. Not so clear.

Iraq, Standing For Independence

A deadline should be set for the withdrawal of U.S. and allied forces from Iraq, and the pullout could be done by 2011, an Iraqi government spokesman said Tuesday.

Ali al-Dabbagh said any timetable would depend on "conditions and the circumstances that the country would be undergoing." But he said a pullout within "three, four or five" years was possible.

"It can be 2011 or 2012," al-Dabbagh said. "We don't have a specific date in mind, but we need to agree on the principle of setting a deadline."

Al-Dabbagh's comments come as the United States and Iraq try to negotiate a framework governing the stationing of U.S. and allied troops beyond the end of 2008, when the current U.N. mandate for coalition forces expires. Bounce 2 CNN for the rest of the story.

Sunday, July 6, 2008

Saturday, July 5, 2008

Obama on Iraq

Obama said he had not changed his position regarding Iraq troop withdrawals, but that he could "refine" his policy after assessing the situation there.

This, of course, echoes what Obama said at the Sept. 26 NBC News/MSNBC debate from Dartmouth, N.H., (see full transcript below) when neither he nor Clinton nor Edwards would commit to having troops out by 2013.

"I think it's hard to project four years from now, and I think it would be irresponsible," Obama said then. "We don't know what contingency will be out there. What I can promise is that if there are still troops in Iraq when I take office, which it appears there may be unless we can get some of our Republican colleagues to change their mind and cut off funding without a timetable, if there's no timetable, then I will drastically reduce our presence there to the mission of protecting our embassy, protecting our civilians and making sure that we're carrying out counterterrorism activities there.

"I believe that we should have all our troops out by 2013, but I don't want to make promises not knowing what the situation's going to be three or four years out."


At a brief press conference on the tarmac here Thursday, the presumptive Democratic nominee said his plan to withdraw troops within 16 months had always been dependent on the facts on the ground and that he would "do a thorough assessment" of the situation when he visits Iraq, a trip he has said he wants to make before the election.

“My position has not changed but keep in mind what that original position was. I have always said that I will listen to commanders on the ground; I’ve always said that the pace of withdrawal would be dictated by the safety and security of our troops and the need to maintain stability," he said. "That assessment has not changed and when I go to Iraq and I have a chance to talk to some of the commanders on the ground, I’m sure I’ll have more information and will continue to refine my policies.”


Later, Obama came back out and addressed it again:
"Apparently I wasn’t clear enough this morning on my position with respect to the war in Iraq. I have said throughout this campaign that this war was ill conceived, that it was a strategic blunder and that it needs to come to an end. I’ve also said that I will be deliberate and careful in how we got out, that I would bring our troops home in the pace of one to two brigades per month and that that pace we would have our combat troops out in 16 months. That position has not changed.

"I have not equivocated on that position. I am not searching for maneuvering room with respect to that position. What I said this morning and what I will repeat because its consistent with what I have said over the last two years is that in putting this plan together, I will always listen to the advice of commanders on the ground but that ultimately I’m the person who is making the strategic decisions and it is my view that strategically for us to perpetuate this war in Iraq the way that John McCain has proposed and neglect the extraordinary problems that we’re seeing in Afghanistan, to continue spend $10 to 12 billion a month, to continue to put enormous burdens on our military and military families, is not the best way to make the American people safe.

"So we are going to go visit Iraq, I want to have conversations with commanders on the ground, Iraqi officials. When I come back, that information will obviously inform how we shape our plans moving forward. For example, does it-- what is the current training situation and how many residual troops might be needed in order to train Iraqis to stand up both the army and the police? What is the current posture in terms of negotiations between the various Iraqi factions on critical issues like how oil is distributed, oil revenues are distributed?

"But, you know, let me be as clear as I can be, I intend to end this war. My first day in office I will bring the joint chief of staff in and I will give them a new mission and that is to end this war responsibly, deliberately, but decisively. And I have seen no information that contradicts the notion that we can bring our troops out safely at a pace of one to two brigades a month and again that pace translates into having our combat troops out in 16 months time. ...

"[T]his is the same position that I had four months ago; it’s the same position that I had eight months ago; it’s the same position that I had 12 months ago."

Monday, June 30, 2008

Bush's War

Bush signs $162 billion war spending bill
The legislation will bring to more than $650 billion the amount Congress has provided for the Iraq war since it began more than five years ago. For operations in Afghanistan, the total is nearly $200 billion, according to congressional officials.

Yes, that means $850 Billion...with $1 Trillion in sight, which will be passed by next year at this time. So I can go with the $200 Billion in Afghanistan but the $650 Billion in Iraq...where is the value for the USA in this Treasury expense?

Thursday, June 26, 2008

Quote of the Day

“There is a sense in this country that in my belief is anti-intellectual. There is almost a case to be made against smart people and that has penetrated I think from the top leadership in this country right through the ‘hood’ where people look down on folk who are academically prepared gifted and we’ve gotta change this culture,” he said. “America is fascinated by whether you can drink a beer. That’s not, that should not be the qualification for a president. A president ought to be able to lead the nation in a direction where young people aspire for the kind of genius that’s around this table.”
Geoffrey Canada, the president and CEO of Harlem Children's Zone at Carnegie Mellon University, Competitiveness Summit

NFL, Breaking Down the AFC North

2nd Amendment

In a dramatic moment on the last day of this term, the Supreme Court declared (5-4) for the first time that the Second Amendment protects an individual's right to self-defense and gun ownership.

For most of the last century, the interpretation of the Second Amendment has been that the right to bear arms is a collective right, such as with military service; Thursday's ruling says gun ownership is an individual right.

In Thursday's ruling, Justice Antonin Scalia, writing for four colleagues, said the Constitution does not permit
"the absolute prohibition of handguns held and used for self-defense in the home." He added, however, that nothing in Thursday's ruling should "cast doubt on long-standing prohibitions on the possession of firearms by felons or the mentally ill, or laws forbidding the carrying of firearms in sensitive places such as schools and government buildings."

In dissent, Justice John Paul Stevens wrote that the majority of justices
"would have us believe that over 200 years ago, the Framers made a choice to limit the tools available to elected officials wishing to regulate civilian uses of weapons." Stevens said such evidence "is nowhere to be found."

Wednesday, June 25, 2008

NBA Draft...Go Blazers!

Kevin Pritchard leading up to Thursday's draft










Tuesday, June 24, 2008

Gallup Poll: The Issues

Click below to see Gallup Video (2:13) for the details

Sunday, June 22, 2008

UN classifies rape a 'war tactic'

The UN Security Council has voted unanimously in favour of a resolution classifying rape as a weapon of war.
The document describes the deliberate use of rape as a tactic in war and a threat to international security.

UN Secretary General Ban Ki-moon said violence against women had reached "unspeakable proportions" in some societies recovering from conflict.

The UN is also setting up an inquiry to report next June on how widespread the practice is and how to tackle it.

Human rights groups hailed the resolution as historic.
To read full article Bounce 2 BBCNews Click for BBC NEWS Video

Saturday, June 21, 2008

One Day in Darfur

Who Owns The West?

This map details the percentage of state territory owned by the federal government. The top 10 list of states with the highest percentage of federally owned land looks like this:

Nevada 84.5%
Alaska 69.1%
Utah 57.4%
Oregon 53.1%
Idaho 50.2%
Arizona 48.1%
California 45.3%
Wyoming 42.3%
New Mexico 41.8%
Colorado 36.6%

Notable is that all these states are in the West (except Alaska, which strictly speaking is also a western state, albeit northwestern). Also notable is the contrast between the highest and the lowest percentages of federal land ownership. The US government owns a whopping 84.5% of Nevada, but only a puny 0.4% of Rhode Island and Connecticut. Courtesy Strange Maps

The Stat That Counts

Is this one:
Among independents — the group that usually determines election outcomes — Obama leads 48%-36%.

Obama's First General Election Ad: "Country I Love"

Obama on FISA

Obama on the FISA 'Compromise' ...
"Given the grave threats that we face, our national security agencies must have the capability to gather intelligence and track down terrorists before they strike, while respecting the rule of law and the privacy and civil liberties of the American people. There is also little doubt that the Bush Administration, with the cooperation of major telecommunications companies, has abused that authority and undermined the Constitution by intercepting the communications of innocent Americans without their knowledge or the required court orders.
"That is why last year I opposed the so-called Protect America Act, which expanded the surveillance powers of the government without sufficient independent oversight to protect the privacy and civil liberties of innocent Americans. I have also opposed the granting of retroactive immunity to those who were allegedly complicit in acts of illegal spying in the past.

"After months of negotiation, the House today passed a compromise that, while far from perfect, is a marked improvement over last year's Protect America Act.

"Under this compromise legislation, an important tool in the fight against terrorism will continue, but the President's illegal program of warrantless surveillance will be over. It restores FISA and existing criminal wiretap statutes as the exclusive means to conduct surveillance - making it clear that the President cannot circumvent the law and disregard the civil liberties of the American people. It also firmly re-establishes basic judicial oversight over all domestic surveillance in the future. It does, however, grant retroactive immunity, and I will work in the Senate to remove this provision so that we can seek full accountability for past offenses. But this compromise guarantees a thorough review by the Inspectors General of our national security agencies to determine what took place in the past, and ensures that there will be accountability going forward. By demanding oversight and accountability, a grassroots movement of Americans has helped yield a bill that is far better than the Protect America Act.

"It is not all that I would want. But given the legitimate threats we face, providing effective intelligence collection tools with appropriate safeguards is too important to delay. So I support the compromise, but do so with a firm pledge that as President, I will carefully monitor the program, review the report by the Inspectors General, and work with the Congress to take any additional steps I deem necessary to protect the lives - and the liberty - of the American people."
Courtesy Talking Points Memo

Another look at FISA from Andrew Sullivan and Glenn Greenwald

Do you Teach or Do you Educate?

Friday, June 20, 2008

Obama’s Public Funding Opt-Out


CQ Politics addresses the questions concerning the state of public funding within the context of Obama’s decision.

1. How does the presidential public financing system work?
There are separate public financing systems for the primary and general presidential elections. Both are optional, and a candidate is free to participate in one or the other, or both, depending on qualifications.

The general election financing program covers the period of time between the candidate’s official nomination at the party convention and election day in November. The presidential nominee for each major party is automatically eligible for public funding. Minor party candidates may also qualify for partial funding, determined by their party’s vote totals in the preceding presidential election. If he or she chooses to participate, the candidate receives a grant adjusted for inflation. For 2008, that amount is approximately $84.1 million. The candidate may not raise or spend any additional funds, except to cover legal and accounting expenses.

2. Why did Obama decide to opt out of the public financing system?
Obama said he made the decision because “the public financing of presidential elections as it exists today is broken, and we face opponents who’ve become masters at gaming this broken system.” But the bottom line is the campaign does not want to stop raising and spending its own money. The soon-to-be Democratic nominee has already shown the capacity to raise much more than $84 million over the same roughly two-month period that would be covered in the general election campaign. He raised $56.8 million in February, alone. Given his fundraising abilities, and considering Sen. John McCain ’s own funding struggles, Obama is likely to have a huge advantage over his Republican rival by the time the conventions roll around. Taking public funding would neutralize that.

In making the decision, the Obama campaign no doubt weighed the fact that the Republican National Committee presently has a significant cash advantage over the Democratic National Committee – $40.6 million to $4.4 million at the end of April — putting the Republican party in a position to outspend the Democrats on presidential race.

The parties and other outside interest groups can spend unlimited amounts to influence the election. In 2004, the spending totalled more than $200 million.


Some say it is hypocritical of Obama to have went back on his early statement...he is a politician. If I were advising Obama I would counter this argument by stating, "our campaign is a grass roots network of donors and volunteers. The average donation is less than $100...coming from hard working Americans...the backbone of our great democracy. We are not following the McCain strategy of tapping lobbyists and corporate giants as if they were offshore oil wells."

What Do Teachers Really Make? Taylor Mali Explains...

Thursday, June 19, 2008

2 Cents for Drilling in ANWR

John McCain wants to open up Artic National Wildlife Refuge (ANWR) to oil drilling in order to provide more energy independence for the United States and alleviate high prices at the gas stations. A recent economic analysis from the Energy Information Administration:
The opening of the ANWR 1002 Area to oil and natural gas development is projected to increase domestic crude oil production starting in 2018. In the mean ANWR oil resource case, additional oil production resulting from the opening of ANWR reaches 780,000 barrels per day in 2027 and then declines to 710,000 barrels per day in 2030 ... Crude oil imports are projected to decline by about one barrel for every barrel of ANWR oil production ... Additional oil production resulting from the opening of ANWR would be only a small portion of total world oil production, and would likely be offset in part by somewhat lower production outside the United States. The opening of ANWR is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light crude oil prices of $0.41 per barrel (2006 dollars) in 2026 for the low oil resource case, $0.75 per barrel in 2025 for the mean oil resource case, and $1.44 per barrel in 2027 for the high oil resource case, relative to the reference case.


The median case suggests the effect on gasoline prices in 2025 will be a mere $0.02 a gallon. The immediate effect will be zero as we’ll have to wait a decade to see any oil from ANWR. If this is Bush’s and McCain’s answer to today’s high gasoline prices, it is no answer at all.