Monday, March 2, 2009

Al Franken A Step Closer To MN Senator Al Franken

Norm Coleman's lawyers today rested their case in the Minnesota U.S. Senate recount trial between Al Franken (D-Minn.) and Coleman. Franken holds a 225-vote lead certified during the recount, and has gained some votes during the trial that the three-judge panel ruled should be counted.

Franken's attorneys' have been reluctant to speculate on how long they will need to present their case, but it's not expected to be as long as the five-week Coleman case. At a party fundraiser Saturday, Franken said that he expected the trial to last for another two to three weeks.

Franken gave his first national media interview since November to Air America's Mark Green.

Listen to a segment of Franken's Air America interview.

The "Principled" GOP Opposition To Obama's Efforts To Save The Economy

Cable news pundits and big-name newspaper columnists are pushing a general consensus that Republicans are simply returning to their "core conservative principles" in their near-unanimous opposition to President Barack Obama.

Main stream pundits and columnists accept Republicans' claim that they are motivated by "principled ideological consistency" in opposing Obama’s “big government” solutions to America’s economic troubles, not by a political strategy to derail Obama’s presidency and legislative agenda into failure.

Republicans argue that they have worked hard for 30 years to "free capitalism and individual liberty" by deregulating the financial system, deregulating and dismantling government safety oversight of the nation's food production and distribution system, and cutting taxes for big corporate business and they don't want to see all that hard work undone by President Obama's "big government" programs.

Conservative Republicans claim they are ideologically opposed to Obama's programs because they will "return" America to “big government” socialism eliminated by the Reagan and the reinforcing Gingrich, Delay and Bush conservative government revolutions. In making this claim they seek to ignore that the conservative path to liberate "capitalism and individual liberty" has brought the nation in near economic collapse.

This is what Rush Limbaugh was saying in his CPAC speech as he defended his remarks about wanting Obama to fail. Limbaugh said, "Conservatism is what it is forever ... This notion that I want the president to fail, folks, this shows you a sign of the problem we've got. What is so strange about being honest and saying, I want Barack Obama to fail if his mission is to restructure and reform this country so that capitalism and individual liberty are not its foundation? Why would I want that to succeed?"

Rush Limbaugh is saying the same thing as every other conservative Republican, only with a little less "principled" ideological window dressing. If Obama and Congressional Democrats successfully promote economic recovery by reversing Republican "small government" momentum, it will prove wrong, for a second time in 80 years, the conservative "small government" argument that government can not and must not play any roll to protect the interests of the American people or ensure a honest fair and level playing field for American business and finance. Why would Republicans want that to succeed? It would render the very foundation of the conservative movement as quicksand sinking many Republican candidates standing for election.

Limbaugh is accurately stating the strongly held conservative Republican belief that their definition of "capitalism and individual liberty" would be destroyed if President Obama succeeds in restoring government oversight to the financial and banking system to guard against future home mortgage and other banking system malfeasance, made possible by Republican deregulation and lack of regulatory oversight by the Bush Administration.
That "capitalism and individual liberty would be destroyed" if Obama restores some government oversight to the nation's food production and distribution system to guard against companies knowingly distributing salmonella contaminated food products, such as the Peanut Corporation of America did in distributing its salmonella contaminated peanut butter for years, causing critical illness in thousands and the deaths of hundreds of adults and children.

That "capitalism and individual liberty would be destroyed" if Obama restores some taxes on those earning more than $250,000/yr to begin to pay off the massive debt run up by the combination of fiscally unbalanced Republican tax cuts and irresponsible deficit spending by President Bush and Republican controlled congresses.
In accepting the argument that Republicans are simply returning to conservative principles to oppose President Obama, pundits and columnists benignly accept the underlying GOP message. The message that the GOP, like the U.S. economy, is in crisis not because conservative ideological applied to operational governance leads to massive government failures, rather the GOP and U.S. economy are in crisis because Republicans were not conservative enough in their governance; that "capitalism and individual liberties" were not freed enough because George Bush and his Republican dominated congresses didn't cut taxes enough and didn't deregulate and turn away from regulatory oversight enough.

Pundits and columnists have so far failed to observe that if tax cuts, deregulation and small government are the best stimulus for the economy, as conservatives claim, then the economy should already be racing, given the massive deregulation and trillions of dollars in tax cuts President Bush and Republicans have given the nation over the past eight years. Pundits are not asking conservatives to explain this disconnect. . .

Pundits and columnists, so far, have failed to press conservatives, who continue to advocate deregulation and tax cuts as they oppose Obama's economic agenda, to explain why the economy is in crisis after years of massive Republican deregulation, tax cutting and deficit spending. No, instead, media pundits, like Judy Woodruff, are using anti-Obama Republican "socialist tax and spend" talking points to press Democrats to defend Obama's efforts to save the American economy.

Despite the “conventional wisdom” offer by main stream pundits and columnists that Republicans are "simply" returning to their "core conservative principles," there is a growing sense across the United States that the real reason Republicans are trying to obstruct Obama is not a "principled conservative ideological consistency," but political opportunism; that Republicans want the President to fail so GOP candidates can succeed at the polls in 2010 and 2012.

One of the most telling indications that Republicans are persuading only their base, and main stream pundits and columnists, of their "principled" stand is a recent NYT/CBS News poll asking, “Do you think [Republicans] oppose [Obama's economic recovery plan] mostly because they thought it would be bad for the economy or mostly for political reasons?”

Sixty-three percent of respondents cited “political reasons” and only 29 percent believed the principled conservative stance that Obama's economic recovery plan is “not good for the economy.” This two-to-one margin suggests that the Republicans are suffering from a serious credibility gap. Too bad for America that they are not suffering from a serious credibility gap with Cable news pundits and big-name newspaper columnists, including the Dallas Morning News Newspaper.

Changing 30 years of bad policy is hard work, which can't be undermined by Democrats

This is such critical advice for all Democrats that we are cross posting this item from AmericaBlog.com:

By Joe Sudbay (DC) · 3/02/2009 08:51:00 AM ET · AmericaBlog Link

We're entering a critical phase in the effort to pass Obama's budget and to enact his overall agenda. Most progressive are pretty damn happy with the new direction for our nation. It represents the change our nation desperately needs. But, apparently (and not surprisingly), there are some Democrats on the Hill who are nervous. Pathetic.

Here's a tip for any "senior Democratic aide" who deigns to speak to the press. Don't use GOP talking points! Yesterday's Washington Post had an article about Obama's budget, which quoted a "senior Democratic aide" calling Obama's budget a "tax and spend budget":
"Folks are a little skittish. It's asking a lot," a senior Democratic aide said. "This is a tax-and-spend budget the likes of which we haven't seen in years."
That aide is an idiot. There is so much in that one blurb. Did the RNC write that, because it sounds like it. Real folks in America are beyond "skittish." They're really scared. Obama is using his political capital to save the country. It'd be nice if senior Democratic aides and the people for whom they work on Capitol Hill would do the same thing instead of whining to the Washington Post. People in America are experiencing actual pain. It's not "asking a lot" to fix the crisis. It's expected. That's your job. (Note that you haven't heard anything about pay cuts or furloughs or losing health benefits or massive layoffs for people who work on the Hill. They're in a recession-proof bubble.)

I've been saying for a long time that the biggest problem Obama is going to have is Democrats. Too many Democratic members, Democratic staffers, Democratic consultants, Democratic-leaning interest groups and lobbyists who are Democrats want to preserve the status quo -- and don't get what's going on in the country. Change is a scary concept.

That's why Jane Hamsher is on to something. When we find out who is blocking the agenda, we have to name names whether they are members, staffers or lobbyists. Jane has a post at Huffington calling out the people undermining the pending mortgage legislation: "Mortgage Write-Downs: Why Does Ellen Tauscher Value Banks Over Constituents? Ask Adam Pase." Tauscher is one of those painful centrist Democrats (who is quite wealthy herself.) She has taken the lead on undoing the legislation to allow judges to reduce mortgage payments, which Chris Bowers explains in more detail here. This is vintage Tauscher and, as Jane explains, Mr. Pase is one of her staffers:
Tauscher's office also said she hasn't met with any bankers or lobbyists on the matter, and that may well be true. She doesn't have to. Adam Pase, the executive director of the New Democrat Coalition which Tauscher chairs, works directly out of her office.

Pase is is a former lobbyist for the Twenty First Century Group, whose client, the Coalition for Fair & Affordable Lending, is an astroturf group, financed by the banking industry, that lobbied on behalf of. . . you guessed it. . . sub-prime lenders.
We're all probably going to have to do a lot of these kinds of posts over the next weeks and months. Naming names may be the only way to shame some of these people into doing the right thing -- that would be what their constituents expect. That is, after all, their job.

Sunday, March 1, 2009

GDP Contracts 6.2% In 4Q08: Most Since 1982 Under Pres. Reagan

U.S. gross domestic product (GDP) contracted at a 6.2% annual pace in the fourth quarter of 2008, the most since 1982, the Commerce Department said Friday.
The Washington Post: The prospects for an economic recovery by year's end dimmed yesterday, as government data showed that the economy contracted at the end of 2008 by the fastest pace in a quarter-century. The worse-than-expected data fueled doubts about whether the Obama administration had adequately sized up the challenges it faces in trying to pull the country out of recession.
The sharp drop in the U.S. economy at the end of 2008 was much worse than previously estimated, the Commerce Department reported Friday.

The Commerce Department said the seasonally adjusted gross domestic product dropped by 6.2 percent, compared to an initial estimate of a 3.8 percent drop. That marks the worst decline since the first quarter of 1982 when the country saw a 6.4 percent drop.

Last month the Commerce Department estimated fourth-quarter GDP dropped 3.8%. Friday’s 2.4 percentage-point revision was almost five times as large as the average adjustment. “Most of the major components contributed to the much larger decrease in real GDP in the fourth quarter than in the third... The largest contributors were a downturn in exports and a much larger decrease in equipment and software,” according to the Commerce Department.

Global trade, which contributed a 0.1% gain in the advance report, actually subtracted half a percentage point from growth last quarter, indicative of the global nature of the current financial crisis.

Exports of goods and services decreased 23.6% in the fourth quarter, compared with a 3% increase in the third. Imports of goods and services decreased 16%. Spending on equipment and software dropped 29% - the most since 1958 - and business investment plunged 21%.

“We’d held out a slim ray of hope that it might surprise to the upside based on the better trade balance,” Boris Schlossberg, Director of Currency Research at GFT Forex, told Reuters. “But it’s just doom all over. There’s nothing good to take away from this report. The only thing is there’s no good news on the other side of the Atlantic, either.”

Consumer spending, which accounts for 70% of the economy, fell at a 4.3% annual pace, the steepest decline in nearly three decades.

U.S. Federal Reserve Chairman Ben S. Bernanke last week issued a dismal outlook for this year, conceding that the economy is undergoing a “severe contraction.” Still, he remained optimistic that the situation will turn around. “If actions taken by the administration, the Congress and the Federal Reserve are successful in restoring some measure of financial stability,” Bernanke said, “there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.”

With Such Dire Economic News It Is Clear That If Obama's Economic Programs Fail, America Fails!

Yet, Rush Limbaugh says he hopes President Obama fails. Rush Limbaugh was supposed to deliver a 20-minute speech to the Conservative Political Action Conference (CPAC) that was carried live, commercial-free, on CNN and Fox News. His speech ended up lasting for 1 1/2 hours, before the right-wing audience that cheered him like a hero.

In his speech, Rush Limbaugh, now the titular leader of the conservative movement, defended his controversial comments that he hopes President Obama fails and said, One thing we can all do is stop assuming that the way to beat them [Democrats] is with new better policy ideas. HuffingtonPost - WATCH: Limbaugh Emphisize: Of Course I Want Obama To Fail. Republicans are wary of new ideas:
...it worries them to have [new] ideas, because ideas have edges, and they’re not totally formed, and you’ve got to prove them, and they sound strange because they’re new, and if it’s new how do you know it’s any good, because, after all, it’s new and you’ve never heard it before...
Sam Stein reports on a CPAC straw poll that suggests they all want Pres. Obama to fail:
More than 1,700 people cast ballots in the 2009 CPAC poll, 57 percent of who were between the ages 18 and 25. Of the respondents, 95 percent said they disapproved of the job that President Obama was doing, only four percent approved. Meanwhile, 70 percent approved of the [party of NO] job Republicans in Congress were doing, 29 percent said they disapproved.
The two Congressmen in the U.S. House of Representatives that represent Collin County residents, Sam Johnson (R) and Ralph Hall (R) and both Texas’ Senators Kay Bailey Hutchison (R) and John Cornyn (R) voted against President Obama’s economic Recovery and Reinvestment Act.

Texas Gov. Rick Perry too waged a weeks long aggressive campaign and co-wrote an op-ed piece with South Carolina Gov. Mark Sanford opposing the stimulus bill. Several days after Pres. Obama signed the Reinvestment Act into law Gov. Perry grudgingly informed the White House that he'll accept "some" of the money, leaving the door open to not taking all of the money allocated to Texas. Gov. Perry is considering rejecting part of the money because he, and presumably other Texas conservative Republicans, do not want to accept money that would fund social programs, like unemployment insurance, to which they are opposed.