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A Modest Proposal

First — read this: Feast of the Wingnuts (How economic crackpots devoured American politics.) This is a great article (teasing Chait’s book on the same subject) from about a year ago — it is sorta long, but stick with it. Here’s some of the intro:

American politics has been hijacked by a tiny coterie of right-wing economic extremists, some of them ideological zealots, others merely greedy, a few of them possibly insane. The scope of their triumph is breathtaking. Over the course of the last three decades, they have moved from the right-wing fringe to the commanding heights of the national agenda. Notions that would have been laughed at a generation ago–that cutting taxes for the very rich is the best response to any and every economic circumstance or that it is perfectly appropriate to turn the most rapacious and self-interested elements of the business lobby into essentially an arm of the federal government–are now so pervasive, they barely attract any notice.

Just read the whole thing. The conclusions will certainly resonate now.

It’s Like A Hijacking

Exactly right. And apparently the We Don't Negotiate With Terrorists rule doesn't apply to Paulson's Pals. It also seems to me that there are still banks out there who haven't…

Citi Credit

(Via The Big Picture) Since it looks as though Citigroup will be the latest casualty of the Bush Economy in the upcoming week, we might as well get the Making…

We’re A Center-Left Nation, Now

For the past few weeks, the punditocracy (especially the rightwing ones and their media familiars) have been repeating the very wrong assessment that the US is a center-right nation. Why is it wrong? Because a center-right nation would not elect a center-left President (you know, the one who was supposed to be the most liberal Senator?) AND add to a bunch of mostly center-left Congress. CNN provided this poll shortly after the election:

Bob Borosage (conservative) and Stan Greenberg (liberal) have been doing joint polling all season for NPR and they conducted their own election night poll which points out that the moderate portion of the electorate is orienting itself to a center-left position, but shows how that position might be solidified:

Progressives needn’t be defensive about the majority that is dubious about government spending. Making government work effectively is at the heart, not the capillaries of the progressive agenda. This test doesn’t distract; it focuses us on our task. No progressive majority can ever be consolidated for long if it doesn’t demonstrate that government can be an effective ally for everyone.

And that is all moderates are looking for. They aren’t skeptical about the need for government. By large margins, they think regulation does more good than harm. They want investments made in education and training. They favor a concerted government-led drive for energy independence. They far prefer a health-care plan with a choice between their current insurance and a public plan like Medicare, rather than one that would give them a tax credit to negotiate with insurance companies on their own. Their concern is less that government will do too much and more that government will fail to do what it must and waste their money in the process.

The Myth of $70 Auto Workers

While everyone is debating the Big 3 Bailout, you've undoubtedly heard something along the lines that current Big 3 autoworkers are making about $70.00/ hour fully burdened and the automakers…

New World Order Follies

(Via Neiwert) Aided and abetted by none other than Ron Paul -- who, for at least the run of his Presidential campaign, had successfully re-branded himself as a mainstream libertarian.…

Chuck Hagel Taking Names

Wow! On comedian Rush Limbaugh: "We are educated by the great entertainers like Rush Limbaugh," said Hagel, sarcastically referencing the talk radio host who once called him "Senator Betrayus." "You…