Sunday, April 25, 2010

What if the TeaBaggers were all black?

Or all brown -- Mexican-Americans? Or Arab-Americans?

Imagine that hundreds of black protesters were to descend upon Washington DC and Northern Virginia, just a few miles from the Capitol and White House, armed with AK-47s, assorted handguns, and ammunition. And imagine that some of these protesters -- the black protesters -- spoke of the need for political revolution, and possibly even armed conflict in the event that laws they didn’t like were enforced by the government? Would these protesters -- these black protesters with guns -- be seen as brave defenders of the Second Amendment, or would they be viewed by most whites as a danger to the republic? What if they were Arab-Americans? Because, after all, that’s what happened recently when white gun enthusiasts descended upon the nation’s capital, arms in hand, and verbally announced their readiness to make war on the country’s political leaders if the need arose.

Imagine that white members of Congress, while walking to work, were surrounded by thousands of angry black people, one of whom proceeded to spit on one of those congressmen for not voting the way the black demonstrators desired. Would the protesters be seen as merely patriotic Americans voicing their opinions, or as an angry, potentially violent, and even insurrectionary mob? After all, this is what white Tea Party protesters did recently in Washington.

Imagine that a rap artist were to say, in reference to a white president: “He’s a piece of shit and I told him to suck on my machine gun.” Because that’s what rocker Ted Nugent said recently about President Obama.

Wise has -- as you already know -- plenty more examples of this kind of white privilege, and I urge you to go read the entire essay.

To ask any of these questions is to answer them. Protest is only seen as fundamentally American when those who have long had the luxury of seeing themselves as prototypically American engage in it. When the dangerous and dark “other” does so, however, it isn’t viewed as normal or natural, let alone patriotic. Which is why Rush Limbaugh could say, this past week, that the Tea Parties are the first time since the Civil War that ordinary, common Americans stood up for their rights: a statement that erases the normalcy and “American-ness” of blacks in the civil rights struggle, not to mention women in the fight for suffrage and equality, working people in the fight for better working conditions, and LGBT folks as they struggle to be treated as full and equal human beings.

And this, my friends, is what white privilege is all about. The ability to threaten others, to engage in violent and incendiary rhetoric without consequence, to be viewed as patriotic and normal no matter what you do, and never to be feared and despised as people of color would be, if they tried to get away with half the shit we do, on a daily basis.

Game Over.



Truth this brutal makes this douchebag's head explode, and this asshole grind his nasty yellow teeth right down to the gums.

Sunday Funnies






Thursday, April 22, 2010

My Ten Earth Day pledges

1. Go into a field full of methane-emitting cows and/or TeaBaggers and cork them.

2. Turn off my car's ignition after I've parked it in the garage instead of leaving it running in case I need to make a fast getaway.

3. Rent a helicopter (that runs on used cooking oil!) and airdrop thousands of plastic recycle bins over Houston to create awareness of this important issue.

4. Create "teachable moments" throughout the day by pointing at people drinking out of plastic water bottles and yelling into a bullhorn, "Resource-sucking energy whore!!!"

5. Insert Breathe Right nasal strips inside my nostrils so that I actually breathe less.

6. Start a coral reef in the bathtub for eventual relocation to the coast of Australia.

7. Harness solar power by using nothing but the sun and a magnifying glass to light my joint.

8. Combine bicycling and public transportation by attaching a grappling hook to the back of a metro bus and having it tow me and my Schwinn into town.

9. Practice water conservation with two everyday objects: a chamber pot and an open window.

10. Finally,  hit myself repeatedly in the face with a two-by-four while blindfolded so I can get a sense of Earth Day from the perspective of a climate-change denier.

Thanks to Bill in Portland Maine.

Tuesday, April 20, 2010

Consumer protection as coal mine canary



Officials say it's too soon to pinpoint the exact cause of the tragic explosion at the Upper Big Branch mine in West Virginia that took the lives of 29 miners, but we certainly know enough to identify the root cause. It's the same cause that led to the 2007 Crandall Canyon mine disaster in Utah that killed six miners and three rescue workers. It's the same cause that led to the 2006 Sago mine disaster in West Virginia that killed 12 miners. And it's also the same cause that led to the Lehman Brothers disaster, the Citigroup disaster, the bursting of the housing bubble, and the implosion of our financial system: a badly broken regulatory system.

The loss of life at Upper Big Branch happened in one horrific instant. The economic collapse has not killed people, but it has gradually destroyed millions of lives. Both calamities occurred because elected officials who should have been creating a regulatory system that protects working families instead created a system that protects the corporations it was meant to watch over.

...

Regulations are "very difficult to comply with," and "so many of the laws" are "nonsensical." Those are the words of Don Blankenship, the CEO of Massey Energy, the company that owns the Upper Big Branch mine and has a grotesque history of safety violations.

In the case of the financial industry, the reason it can't be regulated adequately is because, as Alan Greenspan put it last week in testimony before the Financial Crisis Inquiry Commission, "the complexity is awesome," and regulators "are reaching far beyond [their] capacities."

That is, of course, exactly the way Wall Street designed it. To the financial world "awesome complexity" is a feature, not a bug.

Something else the mining and financial industries share: the revolving door between regulators and those they're supposed to be regulating.

Congressmen leave Congress to become lobbyists, they lobby their former associates in Congress to weaken the business oversight regulation which helps their corporate clients make more money. Meanwhile the little guy loses his home, loses his job, loses his retirement.  Oh yeah, people also lose their lives (not only in collapsed mines but also because they can't afford healthcare, either with or without insurance). But profits go up.  Bonuses go up. Stock prices go up.

I'm sure there will be new regulations written in response to this latest mining disaster. Just as we're about to get yet another grab-bag of financial regulations. But by the time these regulations make their way through the Congressional sausage grinder, the lobbyists will have added in the loopholes that ensure that the fix is in -- and that the American people get the short end of the stick. Again.

There is no sense of urgency in Washington about making sure these corporations play by the rules. In 2007, after the Utah mining disaster, we got angry, we held hearings, we supposedly fixed things, then we moved on. Three years later, 29 miners die. And the cycle starts again.

In the same way, in 2003, after the Enron and WorldCom disasters, we got angry, we held hearings, we supposedly fixed things, then we moved on. Five years later, we got AIG, Lehman Brothers, Citi, and an economic crisis that devastated -- and continues to devastate -- the lives of millions. Will we just sit back and let the cycle start again?

Disasters -- both mining and financial -- are going to keep happening until we re-evaluate our priorities, and force our elected officials -- and the regulators they pick -- to put the public interest above the special interests and their lobbyists in Washington.

Glenn Smith at Dog Canyon adds ... 

Capitalism has been the engine of our society and America has been its poster child in the world. The power of the market forces that drive capitalism has brought unprecedented wealth and success to our nation and much of its population. However like a growing fire that starts out useful and productive providing light and warmth and heat to cook by, unrestrained capitalism is quickly consuming all the available fuel and is shifting from being productive to becoming destructive. The root of this lies in raw capitalism’s core; its obligation to the bottom line. As a fire requires fuel, capitalism requires profit. When confined behind a glass shade and fed a slow supply of kerosene an oil lamp can light a room and make its inhabitants more productive, but if not controlled, that same flame can destroy the house and kill its inhabitants. Raw capitalism burns with the same power and we are quickly losing control.

Flames ripped through the mine shafts of the Upper Big Branch mine in a massive explosion. Those flames were fed by the explosive gases that were allowed to collect unventilated deep below the surface of the earth. The destructive force of that explosion bent steel rails, collapsed tunnels and shattered lives. Unregulated capitalism has bent our political system, collapsed our financial system and is shattering lives. It must be contained again within a robust and sturdy regulatory system. We need strong, well staffed agencies with the legal powers to manage the mining, the financial and food agencies among others. Additionally we need to douse the influence of lobbyists and industry insiders to ensure that our capitalism remains a source of light in our society and doesn’t consume us all in the name of greater profits.

And Arianna Huffington closes ...

The lives of hardworking Americans have to take precedence over the bottom line at Massey Energy and on Wall Street.

This isn't a matter of right vs. left. It's a matter of right vs. wrong.

Monday, April 19, 2010

Sachs of Shit

If corporations are people now, then why isn't Goldman Sachs already in jail?

We’ve known for some time that Goldman Sachs and other firms marketed mortgage-backed securities even as they sought to make profits by betting that such securities would plunge in value. This practice, however, while arguably reprehensible, wasn’t illegal. But now the S.E.C. is charging that Goldman created and marketed securities that were deliberately designed to fail, so that an important client could make money off that failure. That’s what I would call looting.

And Goldman isn’t the only financial firm accused of doing this. According to the Pulitzer-winning investigative journalism Web site ProPublica, several banks helped market designed-to-fail investments on behalf of the hedge fund Magnetar, which was betting on that failure.

So what role did fraud play in the financial crisis? Neither predatory lending nor the selling of mortgages on false pretenses caused the crisis. But they surely made it worse, both by helping to inflate the housing bubble and by creating a pool of assets guaranteed to turn into toxic waste once the bubble burst.

As for the alleged creation of investments designed to fail, these may have magnified losses at the banks that were on the losing side of these deals, deepening the banking crisis that turned the burst housing bubble into an economy-wide catastrophe.

The obvious question is whether financial reform of the kind now being contemplated would have prevented some or all of the fraud that now seems to have flourished over the past decade. And the answer is yes.

And yet the Republican Senate contingent once again lines up in lockstep opposition to reforms that would prevent the banksters from ruining us all over again.

What do you suppose it would take for a Republican to vote against Wall Street?  That's probably as far-fetched a proposition as a Catholic pedophile priest converting to Southern Baptist.

Update: Tom Toles nails it.