President Bush’s actions since November 4th represent a desperate attempt to defend the status quo at all costs.  With voters so overwhelmingly going for change, his actions go directly against the clear will of the American people.  This begs the question: “Why do we have a lame duck President?”.

Prior to 1933 we had a lame duck Presidency for an even longer period of time.  The passage of the 20th ammendment shortened that period considerably to reflect the then modern changes in our electoral process.  There is no reason we cannot make such a change again.

The last minute laws and appointments President Bush is making no longer have the legitimacy of the vote behind them.  The simplest solution isn’t reforming the appointment process (although one would expect that contrary to Musgrave’s opinion, increasing the executive’s power to fire rather than hire would be the common sense move), it is removing or drastically reducing the period in which lame ducks have the opportunity to oppose the will of the people.

Posted under Politics

A plot to assassinate Obama was broken up by the Bureau of Alcohol Tobacco and Firearms. According to George Stephanopoulos’ Blog, the plot is not being treated as a serious threat:

An Obama aide tells ABC News that Secret Service headquarters “would be notified of anything that mentioned” Obama. But adds that “it never rose to any sort of serious level,” which explains why Obama’s personal detail was not notified.

Rather than explaining why the candidate’s detail was not notified, it raises questions about how seriously the government is pursuing these plots. Despite the FBI’s push to charge the Colorado Three, Troy Eid (a Rove Apppointee) dismissed the charges. This makes me wonder:

Is this administration — and particularly this Justice Department, as deeply compromised as it has become by the Bush White House’s crass politicization — capable of ensuring that true threats against Democratic figures like Obama are taken seriously and dealt with appropriately?

These men were found with firearms, and further investigation may lead to more charges. The Attorney General for Tennessee is Democrat Robert E. Cooper Jr, appointed in 2006. His office can be contacted here by phone.  It can’t hurt to encourage his office to take this threat with appropriate gravitas.

Posted under News, Politics

Revolutionary Act is proud to present our first guest post, from RickB of Ten Percent:

The level of discourse from McCain is truly awe inspiring, if by awe inspiring one means lower than whale shit.

Republican presidential candidate John McCain on Saturday accused Democratic rival Barack Obama of favoring a socialistic economic approach by supporting tax cuts and tax credits McCain says would merely shuffle wealth rather than creating it. “At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives,” McCain said in a radio address. “They use real numbers and honest language. And we should demand equal candor from Sen. Obama. Raising taxes on some in order to give checks to others is not a tax cut; it’s just another government giveaway.”

Now I don’t want to worry the passport averse US populace but erm Europe is not um ‘socialist‘ neither are any of its ‘leaders‘. Jeebus knows that if it was we would be in a lot less shit over the Neoliberal created crisis in global capital. Certainly there are remnants of social democracy still persisting in Europe against the free market onslaught by and for the wealthy, but socialist? Not even fucking close. And that’s another thing, McCarthyism may have done its job in the US but socialist is not a dirty word.

So what might the American record on poverty be? Has the ‘wealth creation‘ and ‘trickle down‘ of the Neoliberal policies of Reagan, Bush, Clinton & Bush (W) meant an equal society? The simplest measure is the Gini coefficient-

Click to enlarge

Yes you’re the yellow line, notice how it meandered along until 1980 then it began climbing steadily through both Republican and Democrat administrations. That is because all of them adhered to Neoliberal economic policy. Look at the climbs for other countries and they also coincide with the introduction of Neoliberal dogma. Or how about pay disparity as a rough guide-

In 2004, the ratio of average CEO pay to the average pay of a production (i.e., non-management) worker was 431-to-1, up from 301-to-1 in 2003, according to “Executive Excess,” an annual report released Tuesday by the liberal research groups United for a Fair Economy and the Institute for Policy Studies. That’s not the highest ever. In 2001, the ratio of CEO-to-worker pay hit a peak of 525-to-1. Still, it’s quite a leap year over year, and it ranks on the high end historically. In 1990, for instance, CEOs made about 107 times more than the average worker, while in 1982, the average CEO made only 42 times more.

Obama’s plans are better than McCain’s who is using a straw man argument of an imaginary pinko Europe and thinks society is best served by growing inequality as the rich become richer than they have ever been. His preferred newspeak for this is ‘wealth creation‘ and his demonisation of even modest stabilising measures becomes ‘government giveaway‘ which tells you his attitude to democracy. Government is the one powerful institution the people have some control over, thus he wants to weaken that tiny speck of power redistribution, also perversely as the government is only spending the people’s money it is not a giveaway, it is returning capital to the populace. That it might in some small fashion do this in a way that does not amplify the growing inequality is what he objects to.

Much has been made of the racism, belligerence and ignorance of McCain supporters at rallies but this is only to be expected for a party that governs in the interests of a tiny elite of the very wealthy. They cannot rule on the votes of 1% of the nation so they very deliberately target the least informed, worst educated who will not be aware they are voting against their own best interests. Of course their polices, in a feedback loop, further create uninformed poorly educated people who cannot share in the wealth of the nation but have been convinced that government is bad and rich people are accorded godlike status. People are encouraged to look upon a billionaire’s wealth not as a theft from the public commons but a sign of achievement and probable moral superiority to the ‘undeserving poor’. It is also not unexpected that conservative religious charlatans have invented the ‘prosperity doctrine‘ which assigns divine right to the pursuit of riches in a remarkable reading of the bible that is akin to walking out of Star Wars with the impression the Empire is the good guy.

Read More…

Posted under Politics

I’m sick of Wall Street/Main Street. Never was a big fan of metonymy. The New Democratic Party in Canada has been using kitchen tables/boardroom tables instead. Much nicer.

Also, as the vote-down of the bailout has shown, the House of Representatives has some democratic accountability. The Senate, where the bailout vote was in the bag, does not. We should be calling them the House of Commons and House of Lords, respectively.

And the President? Please, our system has long accorded the President monarch-approximating levels of deference. We should be calling Bush the Queen instead.

Posted under Culture, Politics

Lawmakers reached agreement on the 700 billion bailout.  Republicans held out for an the all impotent detail of insurance:

At the insistence of House Republicans, who threatened to sidetrack negotiations at midweek, the insurance provision was added as an alternative to having the government buy distressed securities. House Republicans say it will require less taxpayer spending for the bailout.

But the Treasury Department has said the insurance provision would not pump enough money into the financial sector to make credit sufficiently available. The department would decide how to structure the insurance provisions, said Sen. Kent Conrad, D-N.D., one of the negotiators.

The bailout bears the echoes of Iraq in its buildup.  Its being rushed through, with a Sunday vote by the House, and a Monday vote by the Senate.  700 Billion is a lot of debt to saddle us all with.  Especially with concern about the long term impact.  But what about the short term impact? (Angry Bear via Time Blog, Emphasis Mine):

[T]he problem is the price, in this case the premium. If it is vastly less than the probability of default, the House Republicans have found a way to throw money at bankers and financial arsonists instead of just bankers. If it is actuarily fair, it will force liquidity constrained firms to unload the securities — they could wait and hope for no default, but they can’t pay actuarily fair premiums. When you are insolvent, risk, variance, double or nothing is your only hope of survival. Thus aside from the contribution to financial arson (which I guess will be huge) the plan would also force distressed banks etc to unload mortgage backed securities at fire-sale prices. Now I don’t think the current problem is mainly due to systemic margin calls due to mark to market and capital requirements, but making that problem vastly worse would hasten the collapse of the US financial system even without financial arson.

Awesome.

Posted under Economy, Politics