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Class Warfare

letsgetitdone's picture

Professor Krugman's Nervous Tic?

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Paul Krugman's recent post makes some good points about the myth of the undeserving poor. But does he have a nervous tic?. When criticizing conservative economic views, doesn't he always seem to genuflect slightly to conservative opinion in order to appear "reasonable"? In this post he says:

"I’ve noted before that conservatives seem fixated on the notion that poverty is basically the result of character problems among the poor. This may once have had a grain of truth to it, but for the past three decades and more the main obstacle facing the poor has been the lack of jobs paying decent wages. But the myth of the undeserving poor persists, and so does a counterpart myth, that of the deserving rich."

What "grain of truth" ever existed in this story? Where is the empirical evidence that the poor were ever more "lazy" than the rich or had other "character defects" (Not K's words) that the rich don't have in abundance, as well? I don't think there is any. What the conservatives believe is pure BS. Some people are certainly "lazier" than others. But there's no evidence that this aspect of character is class-based. It's just prejudice, myth, and conservative fairy tales, which they embrace in place of authentic religion, run rampant. Read below the fold...

letsgetitdone's picture

The TPP: A Dangerous Proposal Whose Time Has Gone

A recent, very good post at Naked Capitalism by Clive, suggests:

. . . Dear readers, you may think that writing to your elected representative, commenting negatively on articles you read in the mainstream media about the TPP and generally kicking up a bit of a fuss, making some noise, is a waste of effort. That is not so. The world does watch what goes on in the US. If popular sentiment is against something, the US government has a much harder job of convincing foreigners that it’s just them being awkward and reactionary and not getting the big, progressive, reform-minded, modernising picture.

I agree that this is a good proposal for one way the American public could register its objections to the Trans-Pacific Partnership (TPP) with foreign leaders. But, I think that such letters ought also to point out that even if the TPP were railroaded successfully in the next few months, then it is unlikely to stick. After all, it is only a Treaty. Wouldn’t an electoral victory here by a movement dedicated to overturning corporate control of the political system, result in withdrawal from the TPP before any concrete legislation likely to conflict with it was passed by Congress? Read below the fold...

DCblogger's picture

Priorities

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Colorado Shows How To Legalize Pot But Keep the War on Drugs, and Guard the Profits of Rentiers

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Is there really a bad way to legalize marijuana? Last week I got a phone call from a friend advising me to look a little deeper. I did.
If your job was to design a legalization regime that would pretty much keep the war on drugs, and confine the economic beneifts of legalizing weed to the narrow circle of rentiers who already have toll booths planted in the middle of every ordinary transaction, and lock down the growers in a fashion that will make it relatively easy to persuade or force them to use seed varieties patented by agribusiness firms, Colorado would be a good start. Read below the fold...

scoff's picture

Sold to the Highest Bidder

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Although this is probably well known to the readers of Corrente, in general if not in specifics, I had to share. Read below the fold...

DCblogger's picture

The Boeing kleptocracy

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Will Boeing Workers Nix Givebacks in Forced Re-vote?

Immediately following the November 13 rejection, Boeing began soliciting “bids” from other states and localities for the 777X work. A couple of newspapers got to see what Boeing was demanding in its request for proposals. Pretty outrageous: free land, a building for free or low cost, worker training, lowered taxes… the list went on

Read below the fold...
rexvisigothis's picture

Minimum Wage? Hell, No! Maximum Wage

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The degrading squabble over the level at which a nation still retaining some small capacity for shame will say "Below this wage, by irrebuttable presumption, labor is uncompensated, ergo (implicitly) slavery", serves only to distract the working class, the surplus value of whose labor is being stolen, from the fact of the theft.

We need a maximum ratio by which the most highly compensated may command the compensation of multiples of their fellow humans. Read below the fold...

letsgetitdone's picture

Are Deaths Due to Lack of Health Insurance Seriously Underestimated? Update

Lately, I've had the feeling that “progressive” journalists and commentators too often pull their punches in calling attention to social problems, by underestimating the magnitude of problem-related statistics such as the unemployment rate and the number of fatalities due to lack of health insurance in the United States. My theory about this is that “progressives” are being defensive in their approach and bending over backwards to give the right wing the benefit of the doubt by understating numbers out of an abundance of caution. Read below the fold...

letsgetitdone's picture

Are Deaths Due to Lack of Health Insurance Seriously Underestimated?

Lately, I've had the feeling that “progressive” journalists and commentators too often pull their punches in calling attention to social problems, by underestimating the magnitude of problem-related statistics such as the unemployment rate and the number of fatalities due to lack of health insurance in the United States. My theory about this is that “progressives” are being defensive in their approach and bending over backwards to give the right wing the benefit of the doubt by understating numbers out of an abundance of caution.

If this is right, then my reply is that underestimating problem-related numbers is just as bad as over-estimating them, and that what people ought to do is try to provide the best estimates they can and let the critical chips fall where they may. In this post, I want to raise a question about the accuracy of the numerical estimates of US deaths due to lack of health insurance often seen in articles and blogs authored by people, like myself, who favor eliminating insurance coverage shortfalls by passing Medicare for All. Read below the fold...

letsgetitdone's picture

Bernie Sanders: Self-shackled Champion of the People

I gotta love Bernie Sanders, because he seems so much like people I grew up with and like myself too, and he also seems to have that passion for equality and democracy that is so important for the future of America. Sometimes I think Bernie is one of the few champions of the people left in Congress. But I also think that along with other progressives he has constructed chains for himself that prevent him from being as effective a champion of the people as he otherwise might be.

His chains are the chains of either false beliefs or a decision not to speak the truth about fiscal matters for fear that the “very serious people” in the Washington village will marginalize him even more than they do right now. I can't say which of these is true, but I think whichever reason is operative, his self-shackling reduces his effectiveness. Read below the fold...

letsgetitdone's picture

Dick Durbin Insults Everyone Else's Intelligence About Social Security

Yesterday on Fox, Senator Dick Durbin said:

WALLACE: I'm going to talk about ObamaCare on a second, but you're not answering my question. Why does taxes -- why do taxes have to be on the table? Why can't you just make a deal, short-term spending for long-term entitlement reform -- which, Senator, you support and President Obama support. You have supported the idea of some entitlement reform.

DURBIN: That's right. I do, and I'll tell you why -- because Social Security is going to run out of money in 20 years. I want to fix it now, before we reach that cliff.

Medicare may run out of money in 10 years, let's fix it now. And that means addressing the skyrocketing cost of health care. That's what ObamaCare is focused on, and yet, the Republicans want nothing to do with it.

If we don't focus on the health care and dealing with the entitlements, the baby boom generation is going to blow away our future. We don't want to see that happen. We want to make sure that Social Security and Medicare are solid.

The “. . . may run out of money. . . . ” and “. . . dealing with entitlements. . . “ memes, in reply to Chris Wallace's question suggests that a deal trading increased revenues for Social Security and other entitlement cuts is acceptable to him. So, Durbin's argument is that because Social Security Trustee and CBO projections, based on very pessimistic economic growth projections for the whole period, show a shortfall in the Social Security “Trust Fund” in 20 years, it is acceptable to make entitlement cuts now if the Democrats can get increased revenue from higher taxes, as if entitlement “reform” were the only way to meet the perceived Social Security solvency problem. But who would it be acceptable to? Read below the fold...

letsgetitdone's picture

What Happens Now?

In the aftermath of the great 2013 government shutdown/debt ceiling crisis, and the kicking of the can down the road while maintaining austerity once more, the subject on many minds is where do negotiations over fiscal policy go from here? Will the new “budget committee” produce more austerity and do a grand bargain including the “chained CPI”? Will Congress finally turn towards economic growth and job creation, or will we continue to have more shutdowns and debt ceiling crises in 2014?

Chained CPI and the “Grand Bargain”

Let's begin with “chained CPI” and possible “Grand Bargains.” The President seems to still want one, but the question is, does anyone else? And, if they don't, can he still get it through?

It's dangerous for anyone running in 2014 to vote for chained CPI. Surveys show that overwhelming majorities of all Americans want no cuts to Social Security and Medicare, and also that 40% of tea party respondents are 55 or over, and are not likely to support such cuts, either. Nor do they appear to be anti- “their” Medicare. It's the corporate Republicans who oppose these things. So, I don't think the corporate Republicans would get much love from the tea baggers for supporting entitlement cuts, apart from Medicaid, which I think the tea party views as welfare. Certainly any credit the Congressional Republicans would get from their tea party base for voting for “chained CPI” would not outweigh their having given in on the CR and the rise in the debt ceiling just passed. Read below the fold...

letsgetitdone's picture

Off the Debt Limit Hook for at Least the Next Four Months

Provided that the Senate and House follow through on the scenario now on the table, it looks like the game of chicken worked for the Democrats this time. We're off the hook on default and Government shutdown for now, and Washington village pundits are in full-throated cries of celebration.

Congress is off the hook too. They don't have to offer any solutions to real, rather than manufactured, problems.

The President is also off the hook, he won't, for now, need to exercise any of the options, like minting the coin, using consols, or premium bonds, or asset sales to the Fed, or others available to him to render the debt limit legislation impotent. So, he gets to preserve debt limit threats from the Republicans as a negotiating tool they can use to “force” him into entitlements cuts later on. Read below the fold...

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