Author: Matthew G. Saroff

It’s Official, Politicians Becoming Drooling Idiots: Barack Obama Believes His Own PR

I understand his politics of hope. I understand how he thinks that this is the best way to go. I also understand how this is a central tenet of his campaign.

Still, in looking at his speech intended to close the deal in Iowa, it’s clear that he’s jumped the shark:

It’s change that won’t just come from more anger at Washington or turning up the heat on Republicans….

OK, I differ, but it’s consistent with his message.

Then, unfortunately, he goes on with his examples of how hope has won.

But I also know this. I know that hope has been the guiding force behind the most improbable changes this country has ever made. In the face of tyranny, it’s what led a band of colonists to rise up against an Empire.

Let’s run the numbers: 25,000 American casualties, 8000 in battle, 17,000 from disease including about 8000 who died as prisoners of war, and a slightly smaller number of British casualties. This isn’t hope, this is Bismark’s, “Blood and Iron”, at a cost of somewhere north of 1% of the population of the 13 colonies.

No one bowed before hope.

In the face of slavery, it’s what fueled the resistance of the slave and the abolitionist, and what allowed a President to chart a treacherous course to ensure that the nation would not continue half slave and half free.

In justification of what the slave owners considered their property, we have 110,000 Americans killed in action, with 360,000 total dead in US service, and 93,000 Confederate KIAs and 258,000 dead in CSA service, a number amounting to about 1 in 30 people living in the United States.

This was a battle against selfishness, and the costs were enormous, not a battle over “hope”.

In the face of war and Depression, it’s what led the greatest of generations to free a continent and heal a nation.

World War II, huh? We have 73 Million dead.

Again, about 3% of the world population.

In the face of oppression, it’s what led young men and women to sit at lunch counters and brave fire hoses and march through the streets of Selma and Montgomery for freedom’s cause.

Which ignores the bombings of school girls, tens of thousands of lynchings in Jim Crow land, resulting an ethnic cleansing of hundreds of thousands of Black Americans from the South to the North.

That’s the power of hope – to imagine, and then work for, what had seemed impossible before.

The people were not swayed by a desire for change and hope, they were forced kicking and screaming, and the sons of Jim Crow, in their heart of hearts still believe, “segregation now, segregation tomorrow, segregation forever“. Trust me, I’m white, and I’ve lived in the south, and I heard the “white to white” discussions during things like the OJ trial and following Katerina.

They believe it to this day, and they vote consistently Republican.

I understand the need to show “The Audacity of Hope“. It’s what you think will resonate, and you really believe it, but I’d be hard pressed to find one more counter factual example than all four that have been given here.

In his speach, he has not only rode his motorcycle over a tankful of selachians, but he has done so wearing a tutu and fairy wings.

He has left the realm of Matthew Yglesias’s Green Lantern Theory of Geopolitics*, and gone straight to something I am calling the Tinkerbell Theory of Everything, wherein the noble tinkerbell (typically played by a follow spotlight) is saved by all the children in the audience clapping just as hard as they can.

If there is a problem with the Neocons, and other descendants of the Trotskyite intellectual tradition, it is the consistent denial of reality in order to confirm their theories, but Barack Obama makes them look like hard eyed realists.

H/t to Chris Bowers for the initial catch on the speach.

*To quote the other Matthew:

The ring is a bit goofy. Basically, it lets its bearer generate streams of green energy that can take on all kinds of shapes. The important point is that, when fully charged what the ring can do is limited only by the stipulation that it create green stuff and by the user’s combination of will and imagination. Consequently, the main criterion for becoming a Green Lantern is that you need to be a person capable of “overcoming fear” which allows you to unleash the ring’s full capacities. It used to be the case that the rings wouldn’t function against yellow objects, but this is now understood to be a consequence of the “Parallax fear anomaly” which, along with all the ring’s other limits, can be overcome with sufficient willpower.

Suffice it to say that I think all this makes an okay premise for a comic book. But a lot of people seem to think that American military might is like one of these power rings. They seem to think that, roughly speaking, we can accomplish absolutely anything in the world through the application of sufficient military force. The only thing limiting us is a lack of willpower.

What’s more, this theory can’t be empirically demonstrated to be wrong. Things that you or I might take as demonstrating the limited utility of military power to accomplish certain kinds of things are, instead, taken as evidence of lack of will. Thus we see that problems in Iraq and Afghanistan aren’t reasons to avoid new military ventures, but reasons why we must embark upon them: “Add a failure in Iran to a failure in Iraq to a failure in Afghanistan, and we could supercharge Islamic radicalism in a way never before seen. The widespread and lethal impression of American weakness under the Clinton administration, which did so much to energize bin Ladenism in the 1990s, could look like the glory years of American power compared to what the Bush administration may leave in its wake.

My Thoughts on the Bhutto Assassination

First, it’s clear that even by the standards of Pakistani politics, she was highly corrupt, as mind boggling as this characterization was.

This is something that is frequently ignored, as the westerners that she met with were dealing with someone who went to Harvard/Radcliffe and then Oxford. She was well spoken, and knew how to make her point in terms that were familiar to the western officials whom she studiously cultivated.

In this way, she was very similar to Ahmed Chalabi, whose support from US officials, despite a history of criminal, dishonest, and corrupt dealings, managed to convince US figures who were profoundly ignorant of that part of the world to support his interests.

That they both went to college at prestigious western schools, (Chalabi received his BS from MIT, and his Ph.D. from the University of Chicago) is not an inconsequential part of this equation. It taught both of them how to communicate their interests in a very fluent way with their American counterparts.

That being said, it is clear that Bhutto was far more interested in actually governing and implementing policies, as opposed to Chalabi’s rather more venal interests.

Additionally, as the head of a the only major opposition party was assassinated yesterday, and with the elections less than two weeks away, it’s clear that the elections will not mean anything.

All that they will do is to serve as a rubber stamp of Pervez Musharraf’s power, as the only other potential rival to power, Nawaz Sharif, has not been allowed stand for election.

As to Mushaffaf, he is largely the product of, and completely beholden to, the Pakistani military establishment (which includes Pakistani intelligence services) which has little or no interest in pursuing the American anti-terrorism or anti Taliban agenda.

The Pakistani military’s culture resembles to a very large degree that of the German Imperial Navy pre World War I. They are focused on “der tag”*, the day, i.e. the eventual large scale conflict with India much in the same way that the German fleet focused on an eventual showdown with their British counterparts.

As a result, both organizations had limited effectiveness to the task at hand.

As such, it is no surprise that very little of the military aid that the US has sent to Pakistan has gone towards fighting the Taliban or terrorism, but has instead been directed toward India.

As to who is directly responsible for the assassination, I do not know, and neither does anyone else writing about it, though I lean toward various Pakistani warlords in the generally lawless border regions who were directly threatened by Bhutto’s policies.

However, it is clear that Musharraf deliberately impaired the security arrangements for Bhutto, probably in an effort to hamstring her ability to campaign, and as such he does bear some direct responsibility for her death.

I don’t see any resolution of this situation as being favorable to the United States, a quick perusal of Sharif’s record shows him having amended the constitution to make removal of a prime minister nearly impossible, and considering the fact that Pakistan has somewhere between 30 and 100 nuclear weapons, and the possibilities for the average Pakistani citizen are even worse.

There is a more general lesson to be learned though, and that is that the US has for a very long time generally cast about for “our man” in various places in the world of interest, rather than looking at issues of governance and process, and the results when this individual falls up short, as has happened when the US withdrew to some degree from Musharraf and placed its chips on Bhutto, have almost always been disastrous.

*At official events banquets, the German Navy always had a toast to “der tag”, translated as “the day”, referring to the eventual clash of fleets.

People Who Write Better Than Me: Glenn Greenwald

Glenn Greenwald nails it again:

What a stupid and vapid woman this is, but respected and admired by our media class because she fits right in with them — endlessly impressed by her own sophistication, maturity and insight while drooling out platitudes one never hears except in seventh-grade cafeterias and on our political talk shows. As always, this isn’t worth noting because the adolescent stupidity on display here is unique to Noonan, but precisely because it isn’t. This is how our national elections are decided: by people like her, spewing things like this.

Economic update

Nouriel Roubini sees the following signs of an upcoming recession (I consider them to be signs of a current recession, but I’m not an economist):

  • Initial unemployment claims at 2001 recession level.
  • Durable and capital goods orders falling.
  • Consumer confidence down.
  • Oil prices closer to $100 than to $90/bbl.
  • Retail sales falling after accounting for inflation.
  • Residential real estate going down, and accellerating.
  • Commercial real estate starting down (more below).
  • Various leading indicators falling, as are corporate earnings.
  • Credit markets not only staying seized up, but getting even more seized up. (Dr. Roubins bullet points this out into about 5-7 items)
  • Unstable world environment.

In terms of more specific news, we have mortgage applications falling off a cliff, despite a rate cut, Fitch saying that it may downgrade residential mortgage backed securities (RMBS) because the insurers for these bonds are basically insolvent, Goldman-Sachs is predicting that Citigroup may be forced to cut its divident (implying that there is more bad news to come), the Chinese Director of the State Administration of Foreign Exchange saying that the US should not cut rates any more because it will “hammer” the dollar, there is increasing evidence that commercial real estate is starting to tank too (It typically lags residential real estate by about ½ year), and residential real estate prices have fall by 6.7% year over year (and at about an 11.7% rate for the past quarter).

Benazir Bhutto Assassinated

According to CNN’s report, she was bombed and shot:

Video of the scene just moments before the explosion showed Bhutto stepping into a heavily-guarded vehicle to leave the rally.

Khan said while it appeared Bhutto was shot, it was unclear if her bullet wounds were caused by a shooting or shrapnel from the bomb.

You don’t get bullet wounds from a bomb.

Shot and bombed, and this is a government teetering on the brink of anarchy with nuclear weapons.

Retail Sales Fall During Christmas Season, But Innumerate Reporters Miss It

Once again the inestimable Nouriel Roubini catches something that all the major news outlets missed, though in this case, it ain’t rocket science*: since inflation is running now above 4%, an year over year increase in sales of 3.6% is actually a decrease in sales.

Both the New York Times and The Wall Street Journal get this wrong.

*Full Disclosure, in 1999-2000 and 1996-1998, I worked as a mechanical engineer for what is now Lockheed Martin Missiles and Fire Control, and I have some claim to actually being a rocket scientist.

Democrats Try Fiscal Sanity in Campaigns

The Democratic Presidential candidates are finally moving toward a flat fee structure with their consultants, as opposed to paying a percentage of the media buy.

The Republicans have been doing this for years, and it removes a perverse incentive for the consultants to recommend large media buys, since it pads their fees.

Of interest is this statement:

In interviews, aides said Ms. Clinton, of New York, and Mr. Edwards, of North Carolina, had negotiated flat fees with their top consultants. And Mr. Obama, of Illinois, has capped what his consultants can earn, which will convert their more traditional percentage deal into a flat fee once his ad spending passes a certain threshold, his aides say.

As on healthcare, the putative “candidate of change” is taking the more timid and status quo route.

Hopefully, this is a first step in putting a better leash on Democratic political consultants who frequently spend too much time as the face of the campaign to the press.

Political consultants should neither be seen nor heard until after the general election.

Culinary Adventures: Chicken and Seaweed

We needed to make dinner, and my wife doubted that we had enough left over chicken to feed us all, but I had a solution.

We had a pack of udon noodles, so I got the water boiling for them, and put a about 3 cups of stock in a pot and started to boil it.

I took about 4 sheets of nori (Japanese sushi seaweed), shredded them, and put them in the stock, and brought it all to a simmer, then added the chicken and remaining gravy, some oriental vegetables (broccoli, snap peas, water chestnuts, etc.), and a few chicken wings from the freezer, which took no time at all in simmering broth..

Boiled the noodles for 8 minutes, and then rinsed with cold water to stop the cooking, and when the wings were good and done (even frozen, not that long), put the chicken and veggies on top of the udon.

The seaweed added a lot of umami* to the broth flavor, and even my son, who is a notoriously finicky eater loved it.

*Umami, from the Japanese word or “meatiness” is the 5th flavor, along with salty, sweet, bitter, and sour. The actual taste bud receptor, for glutamates present in animal proteins, was determined in 2002, though it has been a part of oriental cookery for centuties, and the great Brillat-Savarin‘s concept of osmazome a very similar concept of meat flavor.
Finicky eating habits is a classic symptom of conditions on the Autism spectrum

The DCCC Gets It: F#$@ the South

Todd Breeton, of MYDD, has obtained a list of the 40 districts targeted by the DCCC in 2008:

  • AK-AL: Don Young
  • AZ-01: Open
  • AZ-03: John Shadegg
  • CA-04: John Doolittle
  • CA-26: David Dreier
  • CA-50: Brian Bilbray
  • CO-04: Marilyn Musgrave
  • CT-04: Chris Shays
  • FL-08: Ric Keller
  • FL-09: Gus Bilirakis
  • FL-13: Vern Buchanan
  • FL-24: Tom Feeney
  • ID-01: Bill Sali
  • IL-10: Mark Kirk
  • IL-11: Open
  • IL-14: Open
  • MI-07: Tim Walberg
  • MI-09: Joe Knollenberg
  • MN-03: Open
  • MN-06: Michele Bachmann
  • MO-06: Sam Graves
  • NV-03: Jon Porter
  • NJ-03: Open
  • NJ-07: Open
  • NM-01: Open
  • NM-02: Open
  • NY-13: Vito Fossella
  • NY-25: Jim Walsh
  • NY-26: Tom Reynolds
  • NY-29: Randy Kuhl
  • NC-08: Robin Hayes
  • OH-01: Steve Chabot
  • OH-02: Jean Schmidt
  • OH-14: Steve LaTourette
  • OH-15: Open
  • OH-16: Open
  • PA-03: Phil English
  • WA-08: Dave Reichert
  • WV-02: Sheley Moore Capito
  • WY-AL: Open

Here is the interesting part. There are no races taht they are targeting in the South.

Those Florida districts don’t count. They are South Florida, which is the “non-southern” part of the state. It’s where liberals come from in Florida.

This is an acknowledgment of a fact: there is very little of value in the south that has not already been taken.

What’s left is an electorate which is either 80%+ Democratic/Minority gerrymanders, and the Apartheid whites that still exist.

The former already had Democratic representatives, and the latter will never vote for anyone who allows N***ers to vote.

The Democratic party needs to stop distorting its message in an attempt to win the south, and this is a good start.

Sally Quinn Is Concerned

Oh my, Sally Quinn is shocked.

It appears that the House of Representatives has passed a resolution (H.R. 847) declaring that “Expresses continued support for Christians in the United States . . . acknowledges and supports the role played by Christians and Christianity in the founding of the United States . . . rejects bigotry and persecution directed against Christians, both in the United States and worldwide; and expresses its deepest respect to American Christians.”

She expresses concern that, “Earlier this year the House also passed resolutions honoring Islamic and Indian holidays but nothing that so equated a single faith with America and Americans”.

Gee, I wonder who might have created this.

I don’t know, maybe those people who valued pleasant DC cocktail party conversation over real discussions of issues and real values.

Maybe those who favored phony protestations of faith as a good way to “play the game” of politics”, because, of course, inside the Beltway, where all the important people live, policies don’t matter.

Whether you are a Washington Post editor (or just married to one), a congressional page, a lobbyist, a reporter, or a Washington DC pundit, you make decent money, are guaranteed steady work, have excellent health care benefits, and a pretty good retirement package.

You can’t take policy seriously, it gets in the way of your parties. It makes conversation stilted. It makes people think that you aren’t a “very serious person”.

Sound like anyone you know?

California Court Rules That Health Insurance Company Cancellations Frequently Illegal

This is good news for our friends in California.

The substance of the ruling:

  • Insurance companies must check the accuracy of the applications before accepting the people for coverage.
  • That the insured must be shown to have wilfully misrepresented their health status.
  • That the low rescission rates upon application implied a deliberate policy of waiting until the claims rolled in to cancel.

A health plan, the court went on, “may not adopt a ‘wait and see’ attitude after learning of facts justifying rescission.” The court said companies could not continue to “collect premiums while keeping open its rescission option if the subscriber later experiences a serious accident or illness that generates large medical expenses.”

CIA Coverup: Muzzling Its Inspector General

According to this LA Times acricle, the retributive prope of the the CIA Inspector General by the CIA has yielded the desired results, “CIA Inspector General John L. Helgerson has consented to more than a dozen procedural changes designed to address complaints that investigations carried out by his office were unfair to agency employees”.

The fact that the IG signed off on a letter from an Assistant AG Kenneth Wainstein telling congress to back off on its investigations without any explanation of how such an investigation could jeopardize the AG/IG investigation, is a pretty good explanation of what happened.

It appears that the old saying is true, an operation is preformed, and there are three possible results:

  • The boy dies.
  • The boy sings soprano in a choir well into adulthood.
  • The boy becomes the CIA’s inspector general.

A Good Point on the Music Industry

Cogitamus has a very good point on the music industry, when he looks at the RIAA’s latest VNR (Video News Release).

The RIAA is saying that if you find a mix CD that actually has the music that you want to listen to, it’s probably pirated.

So let me get this straight, in order for me to get the music I want in the format that I want, it has to be illegal?

Seems to me that this is a pretty good indication that the current legal music industry is absolutely worthless.

Making 1929 Look Like a Walk in the Park

Interesting article in the Daily Telegraph, Crisis may make 1929 look a ‘walk in the park’.

Bullet point summary:

  • Liquidity doesn’t do anything in this situation,” says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression, “It cannot deal with the underlying fear that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue,” she adds.
  • Spreads on three-month Euribor and Libor – the interbank rates used to price contracts – are stuck at 80 basis points even after the latest blitz.
  • That an implosion of the credit markets is months away.
  • The 4% inflation mirrors what happened in Japan just before their meltdown.
  • When the Japanese discount rate was lowered to 0%, it did no good.
  • Not a single junk bond has been issued in Europe since August. Every attempt failed.
  • Increase sentiments for restoring national currencies in the EU. (Interestingly enough, this would provide a potential boost to the dollar, as it would make the Euro less attractive as a reserve currency)

As I’ve said, we are seeing a breakdown of the Ango-Saxon model of capitalism, where minimal regulation is really an excuse for klepto-capitalism.

I do not see a solution to this except through a devaluation of currencies, particularly the $US.

Obama Looking at Appointing Schwartzenegger to Cabinet

This is, I think, a good illustration of the problems that I have with Obama.

Arnold is not a bipartisan figure, he is a self serving one, and only after getting his clock cleaned did he make any real effort toward “bipartisan” action. Furthermore, he’s doing his best to undermine those so called bipartisan initiatives through executive orders and inaction.

Ahnuld is not even suitable as head of the physical fitness council, as he is a former steroid user.

This is a dangerous level of naivety, and until adults run the Republican party again, reaching across the party aisle is simply an exercise in futility.

More Troubling Economic News

First, the index of leading economic indicators falls for the third time in four months in November, dropping 0.3%, and it turns out that no one wants to buy into the mega-sh$@ pile that was supposed to buy up Structured Investment Vehicles (SIVs) to prevent fire sale prices on these assets.

It turns out that no one was interested in contributing to the fund. I think that “the market” has recognized that this was an attempt to shift to cost of bad decisions from the makers of those decisions to the ordinary investor, and while Wall Street typically likes this setup, they realized that even the most naive investor was already onto the game.