November 2014
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Month November 2014

Elizabeth Warren’s Criticism of Obama’s Bankers is Making the WaPo Editorial Board Very Nervous

(Cross-posted from the Daily Kos) On Friday, the New York Times did some editorializing in the Business section to defend Obama’s nominee for deputy undersecretary to the Treasury for domestic finance, Democratic bundler and investment banker Antonio Weiss, from his liberal critics. The debate about Weiss began with an op-ed by Elizabeth Warren in the Huffington Post a week and a half ago, entitled “Enough Is Enough: The President’s Latest Wall Street Nominee.” Warren criticized Weiss both for his lack of qualifications for the position itself and for the regulatory and cognitive capture reflected by the administration’s nominees. Since Warren stated her opposition to Weiss, Bernie Sanders and Dick Durbin have also gone on record opposing his nomination. However, the opposition has taken a lot of elites by surprise, since they are used to seeing their friends on Wall Street get confirmed easily for job after job. The Washington Post editorial board, in particular, is getting both nervous and angry, as shown in an editorial today: “An Obama nominee falls prey to a populist witch hunt.” Let’s dissect the editorial.

Two Tragic Deaths – Liz Warren is Not a Progressive – Jay Ash

A couple of months ago a kid from one of the nicer suburbs was tragically killed in a car accident. It got a lot of press. The kid played football so there were a few reminders of it this past week in the ubiquitous coverage of the Thanksgiving high school games. Gut wrenching. The press covered everything. The candle light vigils, the long lines at the wake, the funeral with weeping family and friends exiting the church. A few weeks ago some Spanish drug dealer shot a white kid from Charlestown dead outside a convenience store on Main St.. His friend was shot too and has a tough recovery ahead. The drug dealer thought he was shooting some other white dudes who pissed him off. Mistaken identity. Anyone read about this? It got some press but anyone hear about this kid? He went to St. Clements High School in Somerville. He was well liked. He played sports. It’s an unbearable loss to his family? Did you see any of the coverage of the wake and crowded funeral? Did you see his fellow students in tears? Quick tutorial: Charlestown is one of the most expensive neighborhoods in the city. Gentrification has […]

Joke Revue: Sexism a thing of the past

If watching the New York Times react with astonishment day after day at Senator Warren’s splendid campaign against Antonio Weiss — the latest Wall Street multi-millionaire nominated by the administration to restrain his fellow Wall Street multi-millionaires — hasn’t been amusing enough, enjoy: Jessica’s Feminized Atmosphere, in which the Daily Show correspondent offers a reality check: The Daily ShowGet More: Daily Show Full Episodes,Indecision Political Humor,The Daily Show on Facebook (And BTW, don’t miss the documentary version.) Plus, one-minute recaps of The Daily Show (“tailored for the Internet’s attention span”), an innovation the Founders could only have dreamed of, is yet another example, if any really were needed, of how life gets better every day in every way in our best of all possible worlds. Here is a recent episode: The Daily ShowGet More: Daily Show Full Episodes,Indecision Political Humor,The Daily Show on Facebook

Senate Dems Add Mark Warner to Leadership Team to “Counterbalance” Elizabeth Warren

A week ago, we learned that Chuck Schumer (D-Wall Street) had pushed for including Mark Warner in the Senate Democratic leadership team in order to counterbalance Elizabeth Warren. The bankers whom Schumer views as his #1 constituency are not fond of Warren. You can see that in the current fight over Obama Treasury nominee Antonio Weiss. But the bankers love Mark Warner. Mark Warner was named a “fiscal hero” by Fix the Debt because of how obsessed he is with pushing an austerity agenda: “We must be willing to put everything on the table, move past partisan gridlock and come together with meaningful solutions that will help put our economy on a more fiscally responsible path,“ Sen. Warner said. “I’m honored to be recognized by the nonpartisan Campaign to Fix the Debt. I remain committed to working to responsibly reduce spending, reform our tax code to generate new revenue and strengthen entitlement programs so they will still exist for the next generation of Virginians and Americans.”“Mark Warner stands out as a true leader on fiscal responsibility,” said Maya MacGuineas, head of the Campaign to Fix the Debt. “He has been tireless in his efforts to educate the country about the […]

More professional sports nonsense

Apparently football fans and NFL owners are ecstatic that wife-beater Ray Rice has won his appeal of the indefinite NFL suspension and can now be hired as a free agent. In a world that I want to live in, Mr. Rice would be a pariah that NO team would hire and that NO fans would pay to watch play. I think that a man who beats a woman unconscious in an elevator should be IMMEDIATELY arrested, prosecuted, and incarcerated. I think Mr. Rice should be described as a felon, and I think the world of professional sports should not knowingly put felons on the playing field in uniform. This exemplifies why I no longer follow or watch the NFL.

Grand Jury was given incorrect instructions and it was never adequately corrected

Last night Lawrence O’Donnell (Boston native and evidently in town this weekend) on his MSNBC show, The Last Word, read from the grand jury transcript that the grand jury in September were given an unconstitutional (since 1985) definition of when police can use deadly force.  Then he read from I think the November 21 transcript where they were given the correct definition but the difference was not adequately explained to them.  Regardless of whether you think this was a justified murder or not, it is clear that the presentation to the grand jury was a set up.  An indictment was never going to issue.  

Welcome to the (pumpkin) pie in the sky

Yeah, with a few helpful tips, you could even have a nice discussion with the relatives with whom you don’t see eye-to-eye on climate … because who is against clean energy that’s cheaper? Renewable energy starts to win on price – Business – The Boston Globe. The cost of providing electricity from wind and solar power plants has plummeted over the last five years, so much so that in some markets renewable generation is now cheaper than coal or natural gas. … According to a study done by the investment banking firm Lazard, the cost of utility-scale solar energy is as low as 5.6 cents a kilowatt-hour, and wind is as low as 1.4 cents. Natural gas comes at 6.1 cents a kilowatt-hour on the low end and coal at 6.6 cents. Without subsidies, the firm’s analysis shows, solar costs about 7.2 cents a kilowatt-hour at the low end, with wind at 3.7 cents. How cool is that? The cost of clean energy is rolling down the hill, due to a virtuous cycle of innovation, investment, deployment, and competition. Remember that as you pay your natural gas bill this winter: Wouldn’t it be nice to get off of the commodity-price […]

Liz Warren HAS TO RUN FOR PRESIDENT! She Doesn’t Have To Win. But SHE HAS TO RUN

I have no idea why there is push-back against Liz Warren throwing her hat in the ring for president. Oh wait. I do. The Hillary people don’t like it. Well ya know what? Too effin’ bad. Liz Warren has absolutely nothing to lose and everything to gain. She doesn’t give up her Senate seat and gets to take her one woman act on the road where she’ll sing a solo to her opponents tired old chorus at debate after debate after debate. Her message will stand out and get positive feedback causing the other jamokes to move in her direction. The 2016 Presidential Election is most timely for Lis Warren and her game-leveling agenda. Watch as the country slowly tunes in.  A short video montage showing her grilling powerful big shots using questions and facts material to the issues will stick in people’s heads. Not the usual self-flattering demagoguery we are accustomed to. You know, like Ed Markey. Anyway, what are the reasons again for her not to to run? Whatr’s that? She’ll lose and then she will have to suffer the consequences? Wrong Harold Stasson breath. She will be a force to reckon with. If Hillary wins the primary […]

No justice. Peace be to all.

Right now protestors in Boston and around the country are demonstrating solidarity with the family of Mike Brown and the community of Ferguson MO. Though they are far away from the site of the original outrage, these protests are right now setting the standards for the relationship that we expect with the police and law enforcement in our own community. Protestors are perfectly capable of speaking for themselves, and everyone has their chance to hold forth. But to sum up how I see it: We expect that the police shall protect and serve — everyone. We expect a neighborly attitude from the cops as a default. They are there to protect and serve Mike Brown, Trayvon Martin, and the 12-year-old kid from Cleveland as much as anyone else. We will not accept an adversarial relationship between police and community, poisoned by toxic racism. In Boston we recently had the 25th anniversary of the Charles Stuart murder. We’ve seen this movie before: Racist hysteria and violence — police rioting, really — inflicted by police force on entire African-American communities. Oh do tell us about “lawlessness.” Blacks and whites are marching together. Many, many white people are outraged at the injustice. This […]

“Can you talk a little about progressives who are surprised that rational arguments don’t win elections?”

George Lackoff has interesting things to say in an interview promoting his new book, “Don’t Think Of An Elephant!” The interview, “In Politics, Progressives Need to Frame Their Values,” is on the Truthout website. The title of this post is one of the questions asked of him. The simple way to look at politics is as a contest of different answers to the same question. That never works if you let ‘the other guy’ decide what the questions will be. Looking back to recent times here on BMG, the question decided on was whether or not to support the Democratic candidate. To sum up the BMG group-think: ‘she’s not progressive enough for me, so I’m fine with a Republican governor.’ Was that really the right question? Some progressives seem to think so, as evidenced by one group crowing about a “successful” election. So here’s a question for you: Why are you fine with Massachusetts having a Republican governor?