Category: TEOTWAWKI

We Are Doomed

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It appears that data from the Large Hadron Collider shows that we will be swallowed up by an alternate reality in the next 10 billion years or so:

Scientists are still sorting out the details of last year’s discovery of the Higgs boson particle, but add up the numbers and it’s not looking good for the future of the universe, scientists said Monday.

“If you use all the physics that we know now and you do what you think is a straightforward calculation, it’s bad news,” Joseph Lykken, a theoretical physicist with the Fermi National Accelerator Laboratory in Batavia, Illinois, told reporters.

Lykeen spoke before presenting his research at the American Association for the Advancement of Science meeting in Boston.

“It may be that the universe we live in is inherently unstable and at some point billions of years from now it’s all going to get wiped out,” said Lykken, who is also on the science team at Europe’s Large Hadron Collider, or LHC, the world’s largest and highest-energy particle accelerator.

………

“This calculation tells you that many tens of billions of years from now, there’ll be a catastrophe,” Lykken said.

“A little bubble of what you might think of as an ‘alternative’ universe will appear somewhere and then it will expand out and destroy us,” Lykken said, adding that the event will unfold at the speed of light.

Scientists had grappled with the idea of the universe’s long-term stability before the Higgs discovery, but stepped up calculations once its mass began settling in at around 126 billion electron volts – a critical number it turns out for figuring out the fate of the universe.

The calculation requires knowing the mass of the Higgs to within one percent, as well as the precise mass of other related subatomic particles.

“You change any of these parameters to the Standard Model (of particle physics) by a tiny bit and you get a different end of the universe,” Lyyken said.

Or maybe not.

It’s kind of irrelevant to most of us, except perhaps theologians.

Signs of the Apocalypse

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It appears that the best friend of DC self rule is ……… Darrell Issa???

The summons to Capitol Hill didn’t bode well. It was May 2011, and Mayor Vince Gray and D.C. Council Chairman Kwame Brown had been called to testify on the city’s fiscal stability before the House Oversight and Government Reform Committee’s subcommittee on the District of Columbia. The short hearing advisory offered few clues to the panel’s aims, outside of one ominous paragraph.

“In 1995 the District of Columbia Financial Responsibility and Management Assistance Act established a five member ‘Control Board’ to oversee financial matters,” the advisory read. “The Control Board was disbanded in 2001 when the District had achieved four consecutive balanced budgets and met other criteria. There are seven separate ‘triggers’ which would automatically revive the Control Board.”

………

Their supplications quickly proved unnecessary. After listening to city officials testify and respond to a few scattered questions from his colleagues, committee chairman Darrell Issa took control of the hearing and revealed what was really on his mind: budget autonomy for the District.

“I am going to be offering an alternative that I hope [Norton] will join with me on that provides a mechanism for a separate vote and separate consideration of the District’s funds,” Issa said, adding, “I’m looking for some sort of a structured mechanism to where this committee could say, ‘They have a plan, they can live without federal dollars and still meet the requirement,’ and each time that is received, it would allow us to say, ‘We have no reason to be in the way of your spending your dollars if you can make the commitment.’”

Everyone in the room was taken by surprise—including Issa’s aides, who had no idea their boss was going to propose the policy long sought by D.C. officials to free the city’s operations from the mercy of a fickle Congress.

Seriously, Darrell Issa is DC self-rule’s best friend in Congress?

This is so weird.

Signs of the Apocalypse

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The fact that I am actually approvingly quoting American Conservative magazine.

Specifically, I am quoting an article by Bruce Bartlett, in which he excoriates the modern Republican Party for going completely bat sh%$ insane:

………

A couple of weeks before the 2004 election, Suskind wrote a long article for the New York Times Magazine that quoted some of my comments to him that were highly critical of Bush and the drift of Republican policy. The article is best remembered for his quote from an anonymous White House official dismissing critics like me for being “the reality-based community.”

The day after the article appeared, my boss called to chew me out, saying that Karl Rove had called him personally to complain about it. I promised to be more circumspect in the future.

Interestingly, a couple of days after the Suskind article appeared, I happened to be at a reception for some right-wing organization that many of my think tank friends were also attending. I assumed I would get a lot of grief for my comments in the Suskind article and was surprised when there was none at all.

Finally, I started asking people about it. Not one person had read it or cared in the slightest what the New York Times had to say about anything. They all viewed it as having as much credibility as Pravda and a similar political philosophy as well. Some were indignant that I would even suspect them of reading a left-wing rag such as the New York Times.

I was flabbergasted. Until that moment I had not realized how closed the right-wing mind had become. Even assuming that my friends’ view of the Times’ philosophy was correct, which it most certainly was not, why would they not want to know what their enemy was thinking? This was my first exposure to what has been called “epistemic closure” among conservatives—living in their own bubble where nonsensical ideas circulate with no contradiction.

………

I later learned that the order to ignore me extended throughout Rupert Murdoch’s empire. For example, I stopped being quoted in the Wall Street Journal.* Awhile back, a reporter who left the Journal confirmed to me that the paper had given her orders not to mention me. Other dissident conservatives, such as David Frum and Andrew Sullivan, have told me that they are banned from Fox as well. More epistemic closure.

………

I hit upon the idea of ignoring the academic journals and looking instead at what economists like John Maynard Keynes, Irving Fisher, and others said in newspaper interviews and articles for popular publications. Recently computerized databases made such investigation far easier than it previously had been.

After careful research along these lines, I came to the annoying conclusion that Keynes had been 100 percent right in the 1930s. Previously, I had thought the opposite. But facts were facts and there was no denying my conclusion. It didn’t affect the argument in my book, which was only about the rise and fall of ideas. The fact that Keynesian ideas were correct as well as popular simply made my thesis stronger.

………

For the record, no one has been more correct in his analysis and prescriptions for the economy’s problems than Paul Krugman. The blind hatred for him on the right simply pushed me further away from my old allies and comrades.

………

For the record, no one has been more correct in his analysis and prescriptions for the economy’s problems than Paul Krugman. The blind hatred for him on the right simply pushed me further away from my old allies and comrades.

This is a particularly deep vein of schadenfreude.

It’s Beginning toBlook Like the Last Days of the USSR Here

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Much like the USSR life expectancies are falling at the end of empire:

For generations of Americans, it was a given that children would live longer than their parents. But there is now mounting evidence that this enduring trend has reversed itself for the country’s least-educated whites, an increasingly troubled group whose life expectancy has fallen by four years since 1990.

 Researchers have long documented that the most educated Americans were making the biggest gains in life expectancy, but now they say mortality data show that life spans for some of the least educated Americans are actually contracting. Four studies in recent years identified modest declines, but a new one that looks separately at Americans lacking a high school diploma found disturbingly sharp drops in life expectancy for whites in this group. Experts not involved in the new research said its findings were persuasive.

 The reasons for the decline remain unclear, but researchers offered possible explanations, including a spike in prescription drug overdoses among young whites, higher rates of smoking among less educated white women, rising obesity, and a steady increase in the number of the least educated Americans who lack health insurance.

 The steepest declines were for white women without a high school diploma, who lost five years of life between 1990 and 2008, said S. Jay Olshansky, a public health professor at the University of Illinois at Chicago and the lead investigator on the study, published last month in Health Affairs. By 2008, life expectancy for black women without a high school diploma had surpassed that of white women of the same education level, the study found.

 White men lacking a high school diploma lost three years of life. Life expectancy for both blacks and Hispanics of the same education level rose, the data showed. But blacks over all do not live as long as whites, while Hispanics live longer than both whites and blacks.

 “We’re used to looking at groups and complaining that their mortality rates haven’t improved fast enough, but to actually go backward is deeply troubling,” said John G. Haaga, head of the Population and Social Processes Branch of the National Institute on Aging, who was not involved in the new study.

In the last two decades of its existence, life expectancies fell in the USSR, because it was carving the heart out of its economy with a bloated and over-sized military.

Luckily, we’re nothing like that.

Just how many primary care physicians would one carrier battle group buy?

What the F%$#?

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So, I’m driving to work, and they are discussing auto insurance rates, and they note that Massachusetts is one of the 3 cheapest states for auto insurance in the USA.

Over lunch, I confirm this.

I went to school in Massachusetts, and I had friends who used friends and relatives addresses in New Hampshire to register their car to save on insurance costs.

We have entered Bizarro world.

The idea that Massachusetts drivers have among the lowest rates in the nation is mind boggling.

Signs of the Apocalypse: Bloomberg Edition

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The editors at Bloomberg are calling for an increase in the minimum wage:

Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year.

That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the chance to climb out of poverty, let alone afford basic goods and services.

About 10 states are now considering raising the rate, and Senator Tom Harkin, an Iowa Democrat, is proposing to increase the federal rate in three increments to $9.80 an hour in 2014. Many of the initiatives under consideration would smartly tie the minimum wage to the cost of living, meaning that those workers’ wages would finally keep up with inflation.

………

It’s also becoming clear that many Americans are being forced to take lower-paying jobs and that a low-wage bias is creeping into the economy, as Bloomberg economist Joseph Brusuelas recently put it. In many cases, minimum-wage work is all that’s available, which may explain why such workers are older and better-educated than they were three decades ago. In 2010, nearly 44 percent of minimum-wage workers had either attended or graduated from college, up from 25.2 percent in 1979, according to the Center for Economic and Policy Research, a liberal think tank.

Raising the minimum wage won’t entirely solve the problem of anemic incomes, but it would help. Economists have long found that boosting the minimum wage can raise income levels for those earning just above the minimum. Employers, seeking to protect “wage ladders,” often bump up salaries for slightly higher-paid employees, too.

………

The editorial page of Bloomberg is not like the moon-bat insane Wall Street Journal‘s page, they don’t contract facts on the front page in the OP/Ed Section, but this is not a populist publication by any means, and they just called out the neoliberal consensus that calls for more suffering from the least of us.

I’m beginning to think that economic populism may be a winner this year.

Signs of the Apocalypse: Rush Limbaugh Edition

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He has apologized for calling a 30-year old contraception advocate and law student a slut, and suggesting that she should post sex tapes to the internet:

US radio host Rush Limbaugh has apologised for calling a law student a “slut” for her views on contraception.

In comments on his radio show earlier this week, Mr Limbaugh suggested Sandra Fluke’s testimony to a US congressional committee made her “a prostitute”.

In a statement released on his website, Mr Limbaugh apologised to Ms Fluke “for the insulting word choices” and said he “did not mean a personal attack”.

I think it had more to do with something like a dozen of his sponsors dropping his white, flabby, pimpled ass.

We Are Doomed…

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A few days ago, I wrote about the wife of Switzerland’s central bank president engaging in insider trading.

Well what do you know, it ain’t the wife after all, it turns out that it was Philipp Hildebrand, president of the Swiss National Bank doing the insider trading:

Switzerland’s central bank was embroiled in an insider trading scandal after bank chief Philipp Hildebrand was accused of speculating on currency transactions only weeks before he instituted dramatic policy changes that shifted prices in his favour.

The accusations, which have rocked the Swiss banking industry, were made by Swiss weekly newspaper Die Weltwoche in a statement before its Thursday publication. It said that previous reports that Hildebrand’s wife was responsible for the foreign exchange transactions were misplaced and it was the bank chief who was behind the purchase and selling of currency that triggered an investigation by the Swiss National Bank (SNB).

The bank chairman also made several other dollar and euro transactions on the foreign exchange market between March and October last year, according to Die Weltwoche, which is close to the far-right Swiss People’s Party (SVP).

Let me explain just how f%$#ed we all are.

The guy in charge of regulations for the Swiss is engaging in insider trading.

If the Swiss are screwing with banking, it’s not just the end of banking as we know it, it’s the end of the the concept of money as we know it.

Stockpile canned goods and ammunition, because you can’t eat gold.

When Michael Hayden Says That You Over Classify…

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You have gone way beyond an even remotely sane assessment of the need for secrecy:

Ex-head of the National Security Agency and CIA and retired U.S. Air Force Gen. Michael Hayden said federal agencies need to open up to public and private industry to address cyber threats

As cyber security climbs its way up the priority list after 2011’s string of attacks against government and corporate systems, U.S. government agencies and companies struggle to find a happy medium between excessive secrecy and too much disclosure regarding the handling of such issues.

Going one way or the other can have severe repercussions. Excessive secrecy can stifle cyber defense, as too much focus could be placed on an issue that was already resolved elsewhere. If you keep it secret, someone who might know how to fix it cannot do so. Too much disclosure, on the other hand, gives hackers what they need to work around security systems.

This is kind of like Sweeney Todd saying that you are too rough when you give a shave.

Whiskey Tango Foxtrot … Little Green Footballs?!?!?!

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Here is a moment of WTF for you, Charles Johnson of the right wing cesspool Little Green Footballs is calling out the so-called Values Voters summit as a bunch of bigoted haters:

If there’s one right wing event that sums up the reasons why I ran screaming away from these lunatics more than any other, it’s the Values Voter Summit, put on every year by a devil’s brew of extreme religious fanatics preaching virulent hatred against everyone who isn’t them.

At the Values Voter Summit, you’ll find every sick and twisted right wing meme in existence; open racism, white supremacists, theocrats (real ones, who want to literally replace the Constitution with the Bible), creationists, historical revisionists, End Times believers, hard core misogynists, deranged homophobia and bigotry of all kinds. And those are just the speakers.

This year, as in every year, it’s attended by all the major Republican politicians, sucking up to these freaks for the almighty vote — because the haters have a dedicated base of deluded drones. Their votes can make a difference for Republicans, and the hate groups are always trying to force their primitive beliefs on the rest of America. It’s a match made in hell.

If the Republican party base, at least as understood by the Republican Presidential candidates, is too crazy for LGF, we are in a world of hurt.

Signs of the Apocalypse: Alphonse “Da Woim” D’amato Wants the Banks Prosecuted

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He’s come out against the big banks and for New York Attorney General Eric Schneiderman:

New York state’s attorney general, Eric Schneiderman, is making national news regarding his opposition to a nationwide $20 billion foreclosure settlement involving some of the largest banks over questionable foreclosure practices and mortgage abuses.

While I didn’t support Schneiderman in the 2010 election, he deserves to be applauded for standing up to the big banks and some of the questionable practices that have attributed to America’s economic downturn.

Last Oct. 13, the attorneys general from all 50 states announced that they would join forces to investigate the bank foreclosure practices after there were several reports of faulty documents being used in the seizure of homes. Thirteen of the attorneys general serve on an executive committee, working with the Department of Justice and various other federal agencies to negotiate a settlement with the five largest mortgage servicers in the United States: Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and Ally Financial.

Shaun Donovan, the secretary of housing and urban development, and other members of the Obama administration have been pressuring Schneiderman to go along with and support the settlement. It has been an intense campaign to change our attorney general’s mind.

Schneiderman has held his ground, and throughout the negotiations maintained the belief that the proposed $20 billion, which would mostly be designated to pay for loan modifications instead of going directly to Americans who were harmed by the banks’ practices, was not enough money. Also, if the banks and executive committee reached an agreement, it would prevent any further litigation or investigations against the large banks.

As a result of Schneiderman’s holdout, on Aug. 24 it was reported that he was “removed from a leadership role in negotiating a nationwide foreclosure settlement with U.S. banks.”
Iowa Attorney General Tom Miller, who is heading the executive committee, accused Schneiderman of “actively working to undermine the very same multistate group that it had spent the previous nine months working very closely with.”

Bravo, Mr. Attorney General!

………

By pressuring the attorneys general’s executive committee to pass this fruitless proposal, President Obama and his administration are allowing the big banks, generous campaign contributors, to once again get away unscathed for their chancy and untrustworthy practices. In times like these, we need leaders like Schneiderman to challenge the big banks, making sure that victims receive justice and restitution and that overall reform changes the mortgage industry.

To allow a settlement to be reached that hinders future investigations into large banks’ foreclosure and mortgage practices is criminal. Fight on, Mr. Attorney General.

I don’t think that Mr. D’Amato’s motives are completely benign: As a Republican, he has vested interest in criticizing the Obama administration, and has never been particularly interested in pursuing corruption.

What he does know is how to pander to his constituents, and he clearly sees the enthusiastic embrace of Wall Street, and explicit toleration of its endemic corruption, by the Obama administration to be a political miss-step.

I agree, and I would further add that it’s also good policy, as we are creating moral hazard by not prosecuting the banksters.

Paul Krugman has the Pictures on Life Expectancy

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Click for full size


So, it’s the former Confederacy…
And Indian Reservations

And it’s an interesting picture.

He notices that most of the counties in question are in the old south, where taxes are low, unions are under seige, and the social safety net is non existent.

He wryly observes that, “geography of the decline speaks for itself.”

I actually noticed something else, in some places, like the red spot in South Dakota, it corresponds to the Pine Ridge and other Indian reservations in that part of the state.

I understand why, if the our healthcare system is beginning to fracture, it makes sense that Indian reservations would where we see the first signs, given the history of the destruction of their culture, the mismanagement of their affairs by the BIA, etc.

Basically, the reservations were structured for a very long time as something like a penal colony and a red-headed step-child, so it’s not surprising that they would be ground zero for many forms of decay.

As to the old Confederacy, I think that it’s more a matter of choice.

Post-reconstruction, there was an embrace of myths and philosophies that serve to keep most of the population down.

This is why the South is beginning to resemble the 3rd world.

Welcome to the 3rd World

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In a significant portion of the United States, life expectancy is falling:

Women in large swaths of the U.S. are dying younger than they were a generation ago, reversing nearly a century of progress in public health and underscoring the rising toll of smoking and record obesity.

Nationwide, life expectancy for American men and women has risen over the last two decades, and some U.S. communities still boast life expectancies as long as any in the world, according to newly released data. But over the last decade, the nation has experienced a widening gap between the most and least healthy places to live. In some parts of the United States, men and women are dying younger on average than their counterparts in nations such as Syria, Panama and Vietnam.

Overall, the United States is falling further behind other industrialized nations, many of which have also made greater strides in cutting child mortality and reducing preventable deaths.

In 737 U.S. counties out of more than 3,000, life expectancies for women declined between 1997 and 2007. For life expectancy to decline in a developed nation is rare. Setbacks on this scale have not been seen in the U.S. since the Spanish influenza epidemic of 1918, according to demographers.

You can find the original article here.

There are some idiots out there who will suggest that it’s because we are too fat*, but the deltas in life expectancy have primarily been through eliminating infant and child mortality, as well as pregnancy related medical issues.

What is going on here is that our medical system is breaking down.

We are undergoing the same collapse of our medical system, albeit more slowly, that occurred towards the end of the USSR, and there was not an outbreak of obesity there.

We have aging and under maintained infrastructure, we are wasting our resources on endless wars and a bloated defense establishment, and we are descending into a morass of corruption and self dealing with no prospect of it being fixed (see Geithner, Tim).

It sounds an awful lot like the declining days of the USSR.

*He says that the same thing happened when we went from hunter-gatherer to farmer, but it misses little facts like:

  • The average hunter gatherer works about 20 hours a week, the farmer works 60+ hours.
  • The diet of a hunter gatherer is measurably better than that of a bronze or early Iron age farmer, because staple crops are typically less nutritionally complete.
  • Agriculture requires that people move next to bodies of water, and live there full time, exposing them to things like Malaria, etc.


What really happened is that people could no longer be hunter gatherers because there was not enough land. You need something like 5 square km/year to support a single hunter gatherer, and once population crosses that threshold you move to herding, and eventually to farming, because the alternative is starvation.
life expectancies falling

Signs of the Apocalypse

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When Peggy “Dolphins Saved Elian Gonzalez” Noonan says that she thinks that an American war is stupid:

The biggest takeaway, the biggest foreign-policy fact, of the past decade is this: America has to be very careful where it goes in the world, because the minute it’s there — the minute there are boots on the ground, the minute we leave a footprint — there will spring up, immediately, 15 reasons America cannot leave. The next day there will be 30 reasons, and the day after that 45. They are often serious and legitimate reasons.

So we wind up in long, drawn-out struggles when we didn’t mean to, when it wasn’t the plan, or the hope, or the expectation.

We have to keep this phenomenon in mind as we chart our path in the future. It’s easy to start a war but hard to end one. It’s as simple as that. It’s easy to get in but hard to get out. Even today, in Baghdad, you hear that America can’t leave Iraq because the government isn’t sturdy enough, the army and police aren’t strong enough to withstand the winds that will follow America’s full departure, that all that has been achieved — a fragile, incomplete, relative peace — will be lost. America cannot leave because Iraq will be vulnerable to civil war, not between Sunnis and Shiites, they tell you now, but between Arabs and Kurds, in the north, near the oil fields.

She is, of course, writing about the war du jour, Libya, and she is correct.  It’s a bad idea.

What’s more, when this operation is well within the capabilities of other countries, either the UK or France could likely do this on their own, and certainly can do this together, so say nothing of the contributions of Italy and Canada (!?!?!?!), there is no need for any contribution to the kinetic portion of the war by the US, though satellite and signals intelligence could certainly make a difference.

A reader of Americablog nailed what is driving the American involvement in this:

The main reason the US seems to want to be involved seems to be to avoid being left out. If the UK and France could take out Libya on their own, people might start asking if the US really needs to have a military an order of magnitude larger than the UK and French forces combined.

Our bloated giant Pentagon cannot allow our allies to engage in a kinetic war (i.e. shooting) without a major involvement, because if they do, it casts doubt on the raison d’être for us to spend more on our defense than the rest of the world combined.

So, not only does the fact that we are a military behemoth make us stay in places that we have never gone, it makes us go places we should never go, because to stay home when others go would put its continued support at risk.

Signs of the Apocalypse, Steny Hoyer Showing Guts Edition

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You got that right, Steny fracking Hoyer is finding a damn backbone:

Steny Hoyer, the number two in the House Dem leadership, told Democrats at a caucus meeting this morning that they would get to vote this year on just extending the Bush tax cuts for the middle class, a senior Dem aide tells me, signaling support for a confrontational move towards the GOP that liberals have been pushing.

Asked if Democrats would definitely get a chance to hold this vote, the senior aide responded: “Definitely.”

Hoyer’s declaration comes as Democrats have been debating the way forward on the Bush tax cuts, and another aide tells me that “more than half” of the Dem caucus supports this course of action.

I approve, but I wonder just who the hell had Steny’s testicles, and why they decided to give it back to him.

Raising taxes on people making more than a ¼ of a million dollars a year is excellent policy, and excellent politics, so it surprises me that Democrats are even thinking about doing this.

Doubtless, they will find a way to screw this up, and I’m sure that Heath Shuler will be leading the way, but I’m still getting a heavy duty umbrella, just in case it starts to rain frogs.

Signs of the Apocalypse, Congress Edition

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If there is anything that you can depend on, it is that whatever bill goes through Congress, it will either be killed, or weakened significantly.

Well, it appears that the reform of financial regulation is actually getting better and stronger in the Senate, which has added:

Seriously, I think that people inside the DC Beltway are beginning to realize just how unpopular the finance industry is, and the Senate is moving this way, because it wasn’t quite so obvious when the House passed the bill.


Same as it ever was

That being said, there were still things that show that Washington, DC is still the same as it ever was, specifically that they are looking to create a carve out for an industry that is notorious for cheating consumers, car dealers:

A measure under consideration in the Senate would shield auto dealers from a package of proposed financial rules aimed at protecting consumers.

Currently auto dealers are regulated by a host of state and federal consumer protection rules that prohibit practices such as “bait and switch” lending and loans packed with undisclosed extras such as extended warranties.

This is hardly surprising.

Car dealers are, as a whole, perceived by the public as an unsavory and dishonest lot, and so they have have consciously inserted themselves into government and elections as much as is possible, spreading largess, and making them patrons of politicians from dog catcher to Senator.

To his credit, and my surprise, Barack Obama is against exempting car dealers from the consumer financial protection agency.

Signs of the Apocalypse, Tom Coburn Edition

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Dr. Peter Venkman: Human sacrifice, dogs and cats living together… mass hysteria!

Wherein the raving nut job from the Sooner State says thatNancy Pelosi is a nice woman and that you should not believe everything htat you hear on Fox news:

“The intention is not to put anybody in jail,” Coburn said. “That makes for good TV news on Fox, but that isn’t the intention.”

Later, when his audience started to boo at the mention of Pelosi, Coburn stopped them.

“Come on now… how many of you all have met her? She’s a nice person,” Coburn said. “Just because somebody disagrees with you, doesn’t mean they’re not a good person.”

“Don’t catch yourself being biased by Fox News that somebody’s no good,” Coburn added.

Coburn urged audience members to widen their points of view by reading and watching different media outlets, not just the ones they agree with.

(emphasis mine)

This from a man who says that abortion doctors should face the death penalty, and that he, in the course of his duties as an OB/GYN, has performed abortions, so maybe he can hold these rather disparate thoughts in his head because if he is batsh%$ insane.

Signs of the Apocalypse

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When “sensible centrist”, by which I mean that he some of his time trying to hew to the Washington, DC pundit consensus, Kevin Drum starts sounding like Leon Trotsky, something is amiss:

Like anyone, I’m pleased when I find someone to confirm my prejudices. And this is definitely one of them. Growth in a modern mixed economy is fundamentally based on consumer spending, and middle class consumers can increase their spending in only three ways: (1) real wage growth, (2) borrowing, or (3) drawing down savings. Only the first is sustainable. So if we want the American economy to grow consistently over long periods, we have to focus our economic machinery on median wage growth. We’ve done it before, we can do it again if we’re smart, and the result would be good for everyone: the rich would get richer, the middle class would get richer, and the poor would get less poor. The alternative is booms, busts, and continued social erosion. So let’s be smart, OK?

(emphasis mine)

He’s right, but the fact that he’s bucking the “Beltway Boyz” on this is telling.

Working for Mother Jones is good for Mr. Drum.