Ten Recurring Economic Fallacies, 1774-2004

Posted by Gordon on Aug 29th, 2006
2006
Aug 29

Interesting read on “Ten Recurring Economic Fallacies, 1774-2004” by H.A. Scott Trask. Key take away wasteful war financing is rarely accounted for properly.

Some highlights that interested me:

[T]he consequences [of the civil war] were a national debt that soared from $65 million in 1860 to $27 thousand million ($2.7 billion) in 1865, and a massive redistribution of wealth to federal bondholders.

And the insane response of Cheney to Paul O’Neill’s sensible logic.

Three years ago, when then treasury secretary Paul O’Neill objected to the Bush administration’s policy of guns, butter, and tax cuts he was told by the vice president, Dick Cheney, that, “deficits don’t matter.”

Of course, they don’t matter–to him, but they matter to the country. John Maynard Keynes’s prescription for curing a recession included tax cuts and increased government spending. “We are all Keynesians now” should be the new motto inscribed on the front of the Treasury building in Washington.

However, Keynes taught that once the recession was over government spending should be reduced, taxes increased, and the deficit eliminated. Current American policy is to continue deficit spending after the recession is over, and to borrow in peace as well as war. One longstanding criticism of such policies is that government borrowing “crowds out” private investment, thus raising interest rates.

The plutocrats are a drag on our economy. Vote them out of office.

2006
Aug 15

Interesting story about how an open source project adds “no military use” clause to the GPL. A lot of people seem to think this is a can of worms, futile, and misdirected step for an open source license. But I find it intriguing. And why not? If one spends a majority of his or her time and energy dedicated to a specific software project why shouldn’t they have a say in how it is used or misused. Of course there will always be those who point to the tricky problem of unintended consequences. However, this is a legitimate step as a conscientous objector, and follows a long venerable tradition.

In Defense of Civility, in Defense of Joel Connelly…

Posted by Gordon on Aug 14th, 2006
2006
Aug 14

It looks like Joel Connelly of the PI has raised a bit of a row in the blogger world with his recent call for civility in politics and his defense of Mike McGavick. David Goldstein of Horsesass.org has a fairly passionate set of responses to Joel, here and here. Goldstein and other partisan bloggers are well intentioned and basically on the mark about most things. However, I tend to fall on the side of Joel Connelly here. Joel makes a lot of valid points in his recent column thinking voters aren’t tied to party line. Joel’s column is rather quaint in its vision of politics and harkens back to a more gentile era of political discourse and politiking. However, I think Joel’s assessment of voter sentiment is dead on. A positive message, one of hope and vision generally speaking, moves the nation and helps win elections. Sure there are exceptions but as a general principle successful politicians win by flattering voters and appealing to their better selves. Clinton did this in 1992 and in a certain sense Bush played this game in 2000. And Bush continues to play down the Iraq war and the mideast as a naive and idealistic quest for democracy, however cynical the reality may become.

Of course bloggers are not politicians. Bloggers are battle worn partisans working the trenches and don’t necessarily have the luxury of niceties and above the fray rhetoric. But this doesn’t mean that our politics need to take the form of blogging. Bloggers serve an important function but ultimately it is the voter’s ego, perception, and sense of entitlement that decides elections. When I read Joel’s column I am reminded of a time in politics before the internet, a time where instant access to information was not ubiquitous, and a time before treacherous political narrowcasting. In other words a more innocent age. And that is the difficulty here. Politics has become hyperreal and in a way, very postmodern. The old assupmtions of the past don’t really seem to fit nowdays, mass uniform voter blocks, centralized messaging and the primacy of party politics. On the internet as the famous saying goes, “nobody knows that you are a dog”. This leads to a kind of hyperbolic political discourse. People can shout down each other without much consequence. Many statements don’t necessarily hold the significance that they would if they were made in face to face conversation. We are left with a combative political discourse. I am not pining for a bygone nostalgic era, but rather trying to call attention to contemporary dynamics.

In the grand scheme of things I am with Joel on this, though. Shrill partisanship may energize the base but I am not convinced that it is the best mode of being for our politicians and political discourse as a whole. Reasonable debate is important and it is what makes our country better in terms of policy. Sure it might seem like it has given the current generation of Republicans an unfair political advantage in winning elections, but it certainly hasn’t benefit them in their ability to govern. The same strategy of univocal partisan extremism has lead to disaster in the middle east. Bush doesn’t seem to have any patience with diplomatic niceties and process. And through his actions and speech has managed to make a fanatical loon of an Iranian president appear positively reasonable by contrast.

At anyrate, I have blathered on long enough. The end point is that civility is what we are striving for and it is the lack of civility in our politics that is at the root of all the displeasure with Bush. We are not served by playing the same game. We have to play a smarter, more righteous game.

Oh and one other thing Goldy, I understand your frustration with the likes of Grover Norquist. But I find the following statement “I want a Democratic Party with the balls to be Democrats“, kind of rich given that our two leading Democrats are female senators in this state. Like I have said before, don’t be afraid to embrace your feminine side, therein lies strength.

The Decline of Journalism

Posted by Gordon on Aug 13th, 2006
2006
Aug 13

In the blogging world there has been an extensive discussion of the decline of political journalism. A lot of the time the debate revolves around partisan politics, with complaints of uneven coverage. At other times the debate rages over the corrupting commercial influence.

Personally I think there is simply a decline in seriousness and hypersensitivity to perceived criticism, even if it is rational critique. The end effect is to depoliticize and race to the lowest common denominator.

Well here is further evidence. What the hell is the Washington Post doing writing about plumber’s crack and dickies jeans?

I understand that newspapers need fashion sections and human interest. But Dickies corporate policy on plumber’s crack? Give me a break. Call me an elitist, but I don’t understand what the Washington Post is doing publishing this kind of crap, when we have wars, terror threats, and serious political change underfoot. And this is from the same publication that was lecturing us on how Jon Stewart is the enemy of democracy. Spare me.

I guess it is up to Comedy Central and the bloggers to elevate the discussion. Our media has failed miserably.

2006
Aug 8

We live in interesting times indeed. Joe Lieberman has declared that he will run as an independent candidate in light of the fact that he lost the senate primary race in Connecticut to Ned Lamont. As someone who voted for Nader in 2000 I find this turn of events sublimely ironic. It just proves that those in power want to cling to power at all costs and at the end of the day don’t really have much respect for the political process.

As Nader supporters in 2000 we would hear endless exhortations about respecting the process. We have been called everything from fringe to “angry left”. And I can respect the frustration of party loyalists and people who felt that the political process should be respected above individual idealisms and ambitions. This makes sense on a lot of levels. And I am willing to accept the error of my ways in not voting for Gore in 2000. However, the key difference is that Nader never represented a prospect of working within the process of Democratic party politics. Nader ran from the start as a Green candidate. In a very real sense Nader was always cynical about the current two party system and the political process. Nader never felt that he had a home within the Democratic party. As a result he sought out the Green party as a means of bringing different perspectives to the national debate and campaign. Many of us who voted Nader in 2000 felt energized by this sentiment. I think very few people held in their mind the idea that Nader could actually win. The thinking was about reaching critical mass and help bring on the birth of a new party, the Green party. Nader lost a lot of that initial justification in 2004 because he did not run as a Green, thereby in effect abandoning the party so many of us hoped to form in 2000.

Underneath all this, at least in my mind, was a general understanding of the role of party politics and a sense of the importance of respecting process within the scope of a party. Independent runs are important to politics but they are ultimately meaningless outside the frame of some sort of party framework. That was the justification I had in my mind to vote Green and Nader in 2000. I really did believe that the nation deserved a new direction and a new party voice at that time. Since then I have been convinced to come back into the Democratic fold and respect the process within the party and the primaries. In my state of Washington anti-war candidate Mark Wilson dropped out of a primary in support of Maria Cantwell. Even though I don’t agree with Cantwell on the war position, I can respect the process and the agreement of the candidates to get along for the sake of the party in the general election.

Joe Lieberman’s response to losing the primary holds none of this respect for party political process. Behind Joe’s non-concession speech is an arrogance and presumption of entitlement. Well Joe you are not entitled. The voice of the Connecticut voters have spoken and they have not said your name. You are not an independent, you are a sore loser who feels that you are above the Democratic party. If you feel that you must run as an independent that is your constitutional perogrative as a citizen of the United States. But please spare us your platitudes of the incivility of current politics. If you want to run please run with a party affiliation, it is official you no longer represent the Democratic party. I am sure the Connecticut Green Party has some open volunteer positions. Maybe you can start out phone banking and work your way up the organization.

Huckabee or what is in the Arkansas water?

Posted by Gordon on Aug 7th, 2006
2006
Aug 7

Kos once mentioned when thinking about the 2008 presidential race that Arkansas governor Mike Huckabee was the one potential GOP candidate that would cause him to lose sleep. I agreed with Kos when I first read this and the more I see of Huckabee the more I think he is the person to watch out for in the 2008 race. Huckabee has a dramatically effective camera presence and easy political style about him. On the surface of things he reminds me of Bill Clinton in a lot of ways. He has as a very affable and confident but not arrogant air about him. Just recently saw him on C-SPAN at the annual governor’s association meeting in Charlston SC. He has got political skills. His communication style is disarming. Frankly, I don’t know a lot about him. But I think it would be wise for bloggers to get ahead of the curve on this candidate.

The thing is that in a presidential race presentation style seems to hold more significance than any other attribute. And Huckabee has this in spades. The danger is that this actually works and helps win elections. I think there is ample evidence that this is what gave Bush his strength in 2000. The race was Gore’s to lose, but Bush came out with a personability and flat out lies about the future of his presidency. In fact the reality is Bush has always been the pawn. He puts a good face on things but the real destruction comes from who he appointed. In 2000 the Wolfowitzs, Rumsfelds, Rices, and Cheney Dark Side were not on parade. It was all about Bush the person, not the machine behind him. Same problem with Huckabee. He may be a very likeable guy with a fair amount of integrity and common sense but everyone brings baggage with them. And beware of baggage.

The Bush years have been a disaster on the political body politic and its psyche. I think by the time 2008 rolls around people will be looking for a new face that does not represent the fracturous and bitter political atmosphere that Bush has fostered. In this sense I think McCain is already damaged goods. This cycle seems to happen frequently. And that is what gives state governors their political edge in presidential campaigns. They are relatively unknown and the political machine behind them mostly unseen. In the late 90s everyone was so caught up on Kenneth Starr, but why could we not see Karl Rove? This is the problem. Next time around we need to focus on the machine and expose the underbelly of the popular affable candidate. If Huckabee runs he will be hard to attack directly but we will need to be astute about who works for him and press him on what kind of people he will appoint. The presidency is not about the the president but the entire administration.

In 2000 Bush campaigned on a isolationist, “non-arrogant” foreign policy, but then began to proceed with one of the most arrogant, unilateralist foreign policy agendas in our history. This is not because of Bush the man but because of the people he brought along with him to the White House. We must be vigilant of Huckabee and other smooth talkers like him in the coming campaigns. Next time it will be important to ask deep and penetrating questions about what the actual White House administration will look like.

I have been to Arkansas. It is a beautiful state, with very nice, and friendly people. Maybe it is something in the water, but the state sure does seem to breed people friendly politicians. And Huckabee is another one of those politicians. Beware.

Tom Petty Highway Companion

Posted by Gordon on Aug 6th, 2006
2006
Aug 6

Recently purchased Tom Petty’s latest album Highway Companion. Not a whole lot specific to say about this album. It is a refreshing rejuvenated sound. Listening to the album gives me the feeling that Tom Petty has rediscovered something that has been missing in recent years. And this is what makes for the best moments on the album. A lot of comparisons have been made to Full Moon Fever. I think this is a fair comparison. The album is equally powerful in the mood and musical delivery. The best songs on the album are the ones with themes of travel and rediscovery. Big Weekend and Down South. The first is a simple ditty about meeting up some old friends and the freedom of travel.

There’s some friends that I know
living in this town
and I’ve come far to see them.
Gonna track em’ down.
They live in a brick house
painted white and brown.

I can work,
I can travel,
sleep anywhere,
cross every border
with nothing to declare.
You can look back babe,
but it’s best not to stare.

I need a big weekend.
Kick up the dust.
Yeah a big weekend.
If you don’t run, you rust.

By far my most favorite song on the album is Down South. A catchy song about going back down south and engaging a personal past. I don’t come from the south but this song paints a picture that carries a satisfying tinge of romanticism. And for no particular reason I can pinpoint, I really like the following verse:

create myself down south
impress all the women
pretend i’m samuel clemens
wear seersucker and white linens

The imagery is nice, and the idea of recreating oneself in the image of Mark Twain just has an uncanny appeal. The song celebrates southern style, culture and convention in just as powerful a way as Southern Accents, but this time around less reactionary and more introspective. There is a nostalgia here but also a realization of the way things have changed.

spanish moss down south
find the heroes of my childhood
who now can do me no good
carve their name dogwood

The album is definitely one of the strongest efforts by Tom Petty in years and worth a listen.