Archive for December, 2009

Quote Of The Day

Friday, December 11th, 2009

This one from Senator John Kerry on the occasion of his announcement with Senators Lieberman and Graham of a bipartisan climate change plan:

“The reason there’s not specifics [being released] today is very specifically because of the process that we are honoring”.

That would be the process whereby no one in the world’s greatest polluting country is asked to sacrifice anything, everyone is expected to benefit enormously, and Professor Marvel keeps closing the curtain down on those who see little need to research “clean coal”.

Gorilla says: “Sausagemaking also contributes to global warming, and that’s the cap and trade we’ll get!”

Share

Picky Terrorists

Friday, December 11th, 2009

5 Americans were arrested in Pakistan, and the FBI’s suspicion is they were over there for jihad.

What’s really interesting about the story are two things:

1) The Hapless Five were turned down by every Pakistani group they approached. This says that there’s either no shortage of terrorists on the ground, or that jihadi groups want better quality recruits.

2) The FBI knew nothing about the Hapless Five until an American Muslim group called to report they were missing. So much for all that vaunted surveillance and the budget justifying foreign trips!

Gorilla says: “Surging won’t work when the terrorists are purging!”

Share

Regressing To Be Mean

Friday, December 11th, 2009

In deficit obsessed Washington, no one cares about the social and financial disaster of 10% unemployment, it’s all about raising revenue…

So, rather than raise income taxes, which are among the lowest in the developed world and at the lowest level in 50 years, the latest dodge is to introduce a value added tax (VAT).

VAT is nothing more or less than a national sales tax, and as such is totally regressive: the poorest pay the most, relative to income, and the richest pay the least.

But it’s politically easier to raise taxes indirectly, and there’s not a lot of courage or leadership in DC these days.

Gorilla thinks: “A VAT skins the cat, but there’s no skin in the game!”

Share

The Mods Aren’t On

Thursday, December 10th, 2009

A total of 31,000 permanent mortgage modifications under the Administration’s Home Affordable Modification Program (HAMP)!

This figure demonstrates that the program has been a total failure.

The redefault rate on temporary mods is over 50%, and of course the number of homeowners facing foreclosure and/or being under water is in the millions.

Clearly, the banks aren’t interested in refinancing homes when banks themselves are carrying huge losses and there’s little confidence in home valuations.

Prices will have to fall some more before the inventory gets cleared out, and this could take years.

The best solution has always been to allow bankruptcy judges to reduce principal on existing mortgages. In this way, homeowners could stay on, more than likely as renters, until the economy recovers.

But Wall Street defeated that idea in Congress.

It remains to be seen whether the bankruptcy approach will be revisited, now that taxpayer bailed out banks are basically hoarding cash, refusing to extend credit, paying themselves well, and saying “fuck you!” to our leaders and communities.

Gorilla thinks: “That’s why the HAMP’s a chump!”

Share

This Week’s George T. Platter And Bait

Thursday, December 10th, 2009

The tidetime folklorist wonders why the number of Americans drinking contaminated water closely resembles the number of Americans lacking health insurance.

The Platter: “Dirty Water” by the Standells (Arsenic and Old Grunge)

The Bait: The Northland Slurpies Swim Shiner (The Donut Hole In The EPA)

Share

Smoke ‘Em If You Got ‘Em

Thursday, December 10th, 2009

What a surprise, states are cutting back on tobacco prevention programs!

And why not? After all, tobacco is a revenue source, so why bite one of the many hands that feeds your state?

Gorilla says: “The public health message is terrible, but the cash cow just can’t be gored!”

Share

Human Rights Day

Thursday, December 10th, 2009

A long way to go, but here’s a Human Right Day message from the UN (h/t UN Dispatch)’s High Commissioner for Human Rights:

Special Guest Post for Human Rights Day: Navi Pillay

By Navi Pillay, United Nations High Commissioner for Human Rights

Old and new forms of discrimination and intolerance continue to divide communities all over the world. Sentiments of xenophobia are on the rise. They are often manipulated for demagogic purposes or even for sinister political agendas. Day after day, their corrosive effects undermine the rights of countless victims. This is why today on Human Rights Day, the United Nations is urging everyone everywhere in the world to embrace diversity and end discrimination.

Discrimination can take many forms covert or blatant, public or private. It may appear as institutionalized racism, or ethnic strife, or manifest itself in episodes of intolerance and rejection that escape scrutiny. Its victims are individuals or groups that are most vulnerable to attacks—all those that, due to their race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth, status, disabilities, and sexual orientation are perceived as different.

Discrimination is often multilayered. Groups that are marginalized on their basis of their origin or status encounter further exclusion and a curtailment of their rights when they attempt to have the access that international law entitles them to housing, food, health care and education.

Persons with disabilities make up the world’s largest and most disadvantaged minority. For example, 98% of children with disabilities in developing countries do not attend school. Indigenous peoples represent 5% of the world’s population, but 15% of its poorest people. Women account for two-thirds of the world’s working hours and produce half of the world’s food. Yet, due to discrimination and stereotypical gender roles, they earn only 10% of the world’s income and own less than 1% of the world’s property.

History has proved time and again that, when discrimination, inequality and intolerance are allowed to take root, they may shatter the very foundations of societies and damage them for generations. Left unchecked, they may spill across borders and poison relations among nations.

History has also proved that these abhorrent practices have no beneficial aspects whatsoever. Discrimination undermines the social and economic cohesion of societies. It saps their resources. It squanders talent. It marginalizes productive individuals and groups, and depresses their creativity and initiative.

We must counter the bigotry and narrow interests that engender discrimination, and we have done so. The vision of human rights advocates, their sheer determination and energy have paid off by raising awareness among the public and by producing a number of human rights treaties that give effect to anti-discrimination and equality provisions. These treaties create a protective web of obligations that States must fulfill. They restore the dignity previously denied to millions of women, men and children.

Building on this body of norms, in 2001 the World Conference against racism, racial discrimination, xenophobia and related intolerance in Durban, and its review conference in Geneva last April were convened to address some of the most insidious aspects of discrimination. The latter wrapped up with wide agreement in which 182 States undertook to prevent, prohibit and address all manifestations of racism and intolerance. It re-energized the determination and purpose expressed in Durban to erase the age-old shame of racism and provided a platform for a new beginning in fighting discrimination writ large.

It is undeniable that progress has been remarkable, but we should not pause. Discrimination does not go away by itself. It must be challenged at every turn. We must move forward and move quickly.

We must never lose sight of the fact that the enjoyment of human rights enriches us all. Conversely, when human dignity is undercut or denied by human rights violations, then such abuses affect all of us. This is particularly true in our increasingly multi-ethnic and multicultural societies. It is particularly urgent to counter discrimination in times of crisis, such as the current economic downturn, which have a disproportionate impact on the livelihoods of the most vulnerable and already marginalized groups of society, as competition over dwindling resources exposes minorities to suspicions and attacks.

On this very day in 1948, the Universal Declaration of Human Rights stated unequivocally that all human beings are born equal in dignity and rights. More than sixty years later, these words resonate with unaltered poignancy. Let us make the Universal Declaration of Human Rights’ principles of equality, freedom and dignity for all a reality everywhere. Universal tolerance and respect for diversity is our goal.

Gorilla says: “Tolerance and diversity would make America better!”

Share

It’s All About Something

Wednesday, December 9th, 2009

Catching bin Laden is important, says our top general in Afghanistan.

Apparently, we can’t defeat al-Qaeda until we get this “iconic” figure.

Only 3 problems with this assertion in relation to the Afghanistan “surge”:

1) bin Laden isn’t in Afghanistan.

2) We have no idea where he is, but we think it might be Pakistan.

3) There are less than 100 al-Qaedaniks in Afghanistan, and the 30,000 new troops we’re sending will be fighting the Taliban, who aren’t terrorists but are winning the civil war at the moment.

Gorilla says: “As the late, great Jean Shepherd used to say: Yes, friends, it’s inevitable, sooner or later, we’ll own generals!”

Share

Augustly Gutless

Wednesday, December 9th, 2009

The Senate has a deal on health care reform, unless it doesn’t!

What’s on offer at the moment is cowardly. The public option, overwhelmingly supported by the American people, doesn’t have 60 votes in the Senate.

So, there’s a comprimising dance of death, this time involving the good (expanding Medicare to those over 55) and the idiotic (having a privately managed non-profit insurance option that is certified by the government).

In the end, some sausage will emerge, but real health care reform is at least 10 years away.

Gorilla thinks: “August body? More like a swoon in June!”

Share

Jobbing With Jobs

Tuesday, December 8th, 2009

Jobs, jobs, jobs!

Our President wants us to know he cares, but not enough to do anything very serious about the worst unemployment picture since the Depression.

Infrastructure projects are fine, but they take years to get off the ground.

Extending unemployment benefits and health care subsidies are an absolute necessity.

Providing more tax breaks to small businesses is a waste of time and money.

Another idea which is getting no support is to guarantee state government deficits for at least the next 2 years. State governments are cutting back on spending and laying off thousands because of foolish balanced budget amendments, with the result that they’re offsetting the benefits to be had from the first stimulus package.

No one in Washington seems to be aware of basic economics.

Unless something’s done pretty soon, it will be another decade before unemployment returns to pre-recession levels.

Zombie banks are not lending to anyone, they’re hoarding against further losses.

Businesses are not investing and not growing, so government must make up for what is estimated to be at least a $2 trillion output gap.

The need for a much larger stimulus package is clear, but everyone’s worried about deficits (they weren’t of course when Bush doubled the national debt) at a time when the cost of government borrowing is effectively zero!

Gorilla sums it up: “It’s 1937 and we’re all being cast in another remake of Dead End!”

Share