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From: tejek5/16/2012 12:25:13 PM
   of 717175
 
Geithner rains on Boehner's parade

By Steve Benen
-
Wed May 16, 2012 11:39 AM EDT


Associated Press


House Speaker John Boehner (R-Ohio) yesterday said he would do in 2013 exactly what he did in 2011: use the debt ceiling to hold the nation hostage. As Boehner sees it, Democrats have to give in, or he'll trash the full faith and credit of the United States and crash the economy on purpose.

And why did Boehner declare his intentions in mid-May? Because the Speaker is trying to shape upcoming tax-policy negotiations, applying leverage to get what he wants. The problem, as Treasury Secretary Tim Geithner noted yesterday, is that Boehner's calendar doesn't quite work.

At the end of this year, an enormous fight is looming over taxes and revenue, when all of the Bush-era tax cuts are set to expire, just as major spending cuts from the debt-ceiling agreement are set to begin. This doesn't directly relate to the debt-ceiling fight, but Boehner wants it to -- yesterday was partly about sending a signal to the White House. The Speaker was effectively saying, "I'm holding a gun to the nation's head; if you don't want me to pull the trigger, don't push for any tax increases."

But Geithner spoke at the same fiscal summit, and said something interesting.

"[O]n the current estimates ... we're likely to hit the debt limit sometime before the end of the year, but Congress has given the executive branch a set of tools that buy [administration officials] some time. And those tools will probably take us into the early part of 2013, thus separating somewhat the timing of the expiry of the tax cuts and the sequester with the ultimate need for Congress to act on the debt limit. You know, they should do it as soon as they can, but that's the basic sequence in this context."


That may sound a little clunky, but in everyday terms, the Treasury Secretary was explaining that policymakers will be dealing with expiring tax cuts and triggered spending cuts in December, but won't be dealing with the debt ceiling until January and February.

Boehner wants to tie the debt limit to the December discussion, but the administration has no reason to play along. Indeed, at this point, we don't even know who'll be the President or the House Speaker the next time the ceiling needs to be raised.

To be sure, the variables may change, and as Brian Beutler noted, if federal receipts slow, the deadline for the debt-ceiling vote may come much sooner.

But for now, Boehner has a strategy that he probably won't be able to execute.



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To: Brumar89 who wrote (654834)5/16/2012 12:27:34 PM
From: ponokee   of 717175
 
Only global poverty can save the planet, insists WWF - and the ESA! Windfarms for all, but without using steel or concrete

By Lewis PageGet more from this author

Posted in Science, 16th May 2012 08:19 GMT

Analysis Extremist green campaigning group WWF - endorsed by no less a body than the European Space Agency - has stated that economic growth should be abandoned, that citizens of the world's wealthy nations should prepare for poverty and that all the human race's energy should be produced as renewable electricity within 38 years from now.

Most astonishingly of all, the green hardliners demand that the enormous numbers of wind farms, tidal barriers and solar powerplants required under their plans should somehow be built while at the same time severely rationing supplies of concrete, steel, copper and glass.

The WWF presents these demands in its just-issued Living Planet Report for 2012. It's a remarkable document, not least for the fact that it is formally endorsed for the first time by the European Space Agency (ESA) - an organisation which would cease to exist in any meaningful form if the document's recommendations were to be carried out.

The report is also unusual in that it seeks to set policy on economics and energy, but doesn't anywhere give any figures expressed in units of energy (watt-hours, joules etc) or currency (dollars, euros or what have you). Instead the WWF activists prefer to base their argument on various indices invented either by themselves or by other international non- or quasi-governmental organisations.

For instance one key figure used in the report is the Living Planet Index, invented by the WWF, which apparently shows "trends in the overall state of global biodiversity".

It does this by examining the number of individuals (or sometimes pairs) in various local populations of 2,688 selected species - of vertebrates only. Every two years WWF changes what species and populations are included, in large numbers: and anyone would acknowledge that a limited, localised picture of a couple of thousand vertebrate-only species is an utterly minuscule, extremely selective pinpoint on the picture of all the Earth's life.

Nonetheless WWF think that their LPI number offers conclusive proof that "biodiversity has decreased globally".

This is bad, because:

Biodiversity is vital for human health and livelihoods ...

All human activities make use of ecosystem services – but can also put pressure on the biodiversity that supports these systems.

If that's not enough for you, the document is liberally spattered with case studies showing how various animal populations have plunged. For instance there are now many fewer wild tigers than there were in 1970, which is plainly a bad thing for human health and livelihoods.

The report then assumes that global resources in general are limited, which is easily achieved by measuring them in terms of "biocapacity" expressed in hectares of Earth surface, and further stipulating that no resources can come from beyond Earth (which seems an odd idea for a major space agency to endorse, but there). WWF goes on to assign numbers showing how much of these hectare-resources everyone is using, their "ecological footprint".

In these terms, the only people on Earth who are living within their means are those in the poorest nations - their "footprint" exactly matches the "biocapacity" in their countries (doubtless a coincidence) offering a picture of the sort of life all human beings could aspire to in a WWF-run world. Middle-income nations use more "biocapacity" than they actually have, and high-income ones - all the ones where you as a Register reader are most likely to live - use nearly twice as many eco-resources as they produce.

What does this mean?

The Earth’s natural capital – biodiversity, ecosystems and ecosystem services – is limited ...

Human demands on the planet exceed supply.

The WWF eco-nomists also argue that human beings actually don't - or anyway, shouldn't - want to get richer, as people getting rich means economic growth and that (regardless of what all world governments and almost all economists think, especially right now) is a Bad Thing as it leads to consumer demand which leads to resources and energy being used.

"We need to measure success beyond GDP," says WWF, an argument they've made before. In particular the organisation argues that "human development" or the still-flakier metric "inequality adjusted human development" is a far better one than GDP per capita. (One may note that under the normal HDI (Human Development Index) it is better to live in Ireland, Hong Kong, Israel, Korea, Slovenia, Spain, Italy or the Czech Republic than in the UK.)

As the green hardliners note:

In countries with a low level of development, [HDI] development level is independent of per capita [ecological] Footprint.

As development increases beyond a certain level, so does per person Footprint — eventually to the point where small gains in development come at the cost of very large Footprint increases.

Or, paraphrased, provided that development and consumption are both miserably low, you can achieve some development without noticeably increasing consumption. Of course only a cynic would suggest that the very design of the "human development" index - whether adjusted for inequality or not - ensures that there will come a point where only tiny increases in development can be achieved no matter the resources used. This is because the Human Development is on a scale from zero to 1, with 1 being unachievable.

It's not just resources that are limited, in the WWF's view: human potential itself is up against a hard limit beyond which the race cannot ever advance. Even progress thus far, as seen in the wealthy nations, has been achieved only by an unfair and wasteful over-use of precious resources: we rich Westerners are already beyond the practical limits that humans should ever aspire to achieve in terms of health, wealth - and even of education.

That's not economics - that's religion. And not very nice religion either.

All this is followed up with some standard rehashing of the standard carbon-driven apocalypse arguments, so setting the stage for WWF's policy agenda. Some of it is relatively uncontroversial: creation of nature reserves, efforts to control overfishing, efforts to ease deforestation.

But then we get onto the big stuff. First up, there must be an "immediate focus" on "drastically shrinking the ecological footprint of high income populations".

That means you, Reg reader: you are to accept a massively lower standard of living, in order to reduce your "footprint" to match your nation's "biocapacity". Then you'll have to take another cut, because your nation - being rich - has more "biocapacity" than a poor country does (despite their claim that planetary resources are finite, WWF acknowledges that new "biocapacity" can be created in the form of cropland, forests etc), but this should be shared with the poorer lands under "equitable resource governance".

That means less heating when it's cold - no cooling at all, probably, when it's hot. It means sharply limited hot water: so dirtier clothes, dirtier bedding and a dirtier you - which will be nice as you will also have to live in a smaller home and travel almost exclusively on crowded buses or trains along with similar smelly fellow eco-citizens. Food will be scarcer and realistically much less nutritious (milk for kids will be a luxury, let alone meat, fruit, coffee, that sort of stuff. Get ready to eat a lot of turnips, if you're a Brit.)



Windfarms, tide barriers, solar panels to power EVERYTHING. But you can't have any concrete or steel or iron or copper. Or glass. Or shipping either. Get on with it! All this means more disease, and there will also be less health care (only rich nations can afford proper health care for all or most).


Everything - everything - will be a lot more expensive: materials, tools, books, booze, gadgets, clothes. Holidays will be bus trips to the seaside if you're lucky, not trips overseas by plane or car. So it goes on.


Even this grim poverty-stricken dystopia, though, is not the biggest of the WWF demands. The real biggy is that by the year 2050 all energy is to be supplied in the form of renewables-generated electricity, that is by means of windfarms, solar plants, tidal barriers and so forth. For almost all of human history and prehistory we have burned things to generate energy - it is one of the things that makes us human - but now, within a single generation, that is to almost completely stop. After a million years, the fires will go out.

That won't be simple. At the moment, the great bulk of energy used by humanity is not electrical at all - it is generated directly by burning fossil fuels (a little, by burning biofuel such as wood). What electrical energy there is (only a tenth of the total even in countries like the UK) is also mostly fossil-generated right now, and the small proportion of this small proportion which isn't fossil is mainly nuclear, not renewable - presumably to disappear for some reason under the WWF plan.

Then, regardless of the impression one gets from the media, it is not perhaps-dispensable things like aviation or gadgets which use most of our energy. Overwhelmingly, energy is used either in the home, by industries - including for example the health and construction industries - and for ordinary everyday forms of transportation.

And as even WWF acknowledges, billions of people worldwide have no access to any electricity grid at all.

Yet nonetheless - without giving any specifics as to how - WWF considers that just about everyone on Earth can be hooked up to an electrical grid and that these grids can be entirely powered by renewables; and the transport sector can be pretty much entirely electrified; and all of industry, all the mines and smelters and refineries and factories, all of it, can go electric. All this, within 38 years.

There will need to be quite a lot of industry remaining. Even quite limited renewable power goals - for instance (pdf) getting the US onto 20 per cent wind electricity by say 2030 (in other words achieving roughly 2 per cent renewables power for the US) would require every year:

About 6.8 million metric tons of concrete, 1.5 million metric tons of steel, 310,000 metric tons of cast iron, 40,000 metric tons of copper, and 380 metric tons of the rare-earth element neodymium.

Even this equates to 3 per cent of current US domestic consumption of steel, iron and copper - much more in the case of neodymium. To achieve full renewable power you would be talking about doubling or tripling production of concrete, steel and copper. At the moment these materials are produced by burning vast amounts of fossil fuels, so even if you managed to slash use of energy in all other sectors then huge increases in energy demand for materials to build the windmills would cause a massive further demand for more windmills and more materials for them and so on. And all this stuff would have to be hauled all over the place, as renewable plants normally have to be built in inaccessible locations - hauled by electric transport!

But in the WWF cloud-cuckoo-land all this steel and concrete and copper is probably, somehow, unnecessary. The 2012 report says that there must be:

Ambitious energy demand management, especially in sectors with limited renewable options that are likely to be dependent on bioenergy. (Aviation, shipping and high heat industrial applications are likely to be among these.)

"Demand management" is eco-nomics code for "rationing, or making mostly illegal". Rationed aviation is not a big deal except socially (no flying means a return to the days when only the rich and powerful ever got to travel other than for war and migration).

But rationed shipping, in a world which needs to shift gigatonnes of iron and concrete and steel and copper about, is fantasy - the more so as much of the new infrastructure would have to be situated offshore.

And far worse still, "ambitiously" rationing "high heat industrial applications" means that you basically can't have much concrete. Or steel, or copper. Or carbon fibre for your wind-turbine blades. Or glass for your possible solar plants either.

No: the whole plan is plain and simple barking lunacy, based on comedy made-up numbers that signify nothing.

And yet WWF is big stuff. Reports of this type get picked up not just by the mass media but by the Intergovernmental Panel on Climate Change and used in official UN doom warnings (often much to the UN's subsequent embarrassment, as in the cases of the non-melting glaciers and the non-burning rainforests). WWF turns over half a billion dollars a year: not much money in some contexts, but a very big budget in marketing or PR terms. WWF can sign up the ESA, for goodness' sake. ESA astronaut André Kuipers - now in space aboard the ISS - is an official WWF ambassador, and his signature is in the front of Living Planet 2012. He writes:

Looking out of my window and watching Earth from space comes with my job as an astronaut. Nevertheless, I feel I am privileged ... I will live on the International Space Station for five months ...

Seeing Earth from space provides a unique perspective. Our planet is a beautiful and fragile place, protected only by a very thin layer of atmosphere essential for life on our planet. And seemingly large forests turned out to be small and passed by very quickly. It was this perspective, and realization, that lie behind my motivation to become a WWF ambassador.

And yet the hundreds of billions it took to build the ISS, the lesser but still enormous sums that sent Kuipers up to live aboard it - there isn't the slightest prospect that these resources would have been available in a world of the sort that WWF advocates. In a world where governments cared nothing for GDP and economic growth and surpluses, where rich nations or populations able to afford proper space programmes had been outlawed (and poor nations with small space programmes, like India, no longer got aid payments from rich ones) ... in that world, Kuipers would never have got the chance to look down on Earth. With WWF-mandated rationing on aircraft, most of his previous career as an aviation-medicine expert and airforce officer would also not have happened.

But people have a strange blind spot about WWF. They think it's still the cuddly old World Wildlife Fund ( CNN does, anyway - and so indeed does the ESA). But it's not the WWF any more, nobly trying to save the whale and the dolphin and the tiger. It has transformed into simply WWF - the initials, like those of global arms multinational BAE Systems, no longer stand for anything.

Today's WWF is not really about tigers and dolphins any more, though they make excellent figureheads for fundraising. Just to show how much they aren't, in fact, in step with everyone else, the organisation's activists would be very happy if the present desperate efforts to end global recession were to fail; and this just as a prelude to making you (perhaps still more) miserably poor and launching a frankly insane effort to stop the human race using fire in just 38 years - by building windmills without steel or carbon, tide barrages without concrete and solar panels without glass.

Think about it, next time one of your kids asks if you can sponsor a dolphin, or the next time you hear "WWF says ..." on the news.

theregister.co.uk 

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To: bentway who wrote (655061)5/16/2012 12:28:45 PM
From: tejek   of 717175
 
Mitt Romney campaign tries to prevent reporters from asking questions

by Jed Lewison


If Mitt Romney really thought talking about his record as CEO of Bain Capital was a pure positive, wouldn't he be eager to answer questions from reporters? Instead he's not only dodging their questions, his campaign is actually trying to prevent them from asking the questions in the first place:



Press lead on the #Romney bus announces there will be no questions for the candidate today. "Isn't that our decision?" a reporter asks.
@SaraMurray via Echofon


Romney campaign aide trying to block reporters from rope line now. Reporters refuse to leave.
@mikiebarb via Twitter for BlackBerry


Campaign staff and volunteers trying to physically prevent reporters from approaching the rope line to ask questions of Romney.
@kasie via Twitter for iPhone


Most reporters still made it to the ropeline at the Romney event, despite USSS and campaign asking us to leave and stop, but no q's answered
@EmilyABC via Seesmic


But hey, on the bright side at least Romneyland isn't following Joe Miller's lead and arresting reporters. At least not yet.

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From: bentway5/16/2012 12:49:13 PM
   of 717175
 
The enemy within


Gated communities for the lower middle classes as well as the rich are little frontier towns with their own sheriffs, suspicious of every outsider



by Rowland Atkinson and Oliver Smith


George Zimmerman, who shot Trayvon Martin at a gated community in Sanford, Florida, in February, is to be charged with second-degree murder. The case, in which Martin, an unarmed black teenager, died, reminds us how young African-American males face prejudice and heightened risks of death or harm.

Zimmerman is Hispanic, making the case more than a simple reflection of racial hierarchies in US society, and he was the self-appointed neighbourhood-watch leader for The Retreat, a community of 264 homes. The incident was out of the ordinary but touched on concerns about US society’s capacity to harm innocents.

We have investigated more than 50 documented cases of killings inside gated communities in the US in the past decade ( 1). These developments, protected by walls, gates, and sometimes guards and security technologies, are now home to more than one in 20 US households — middle-class black, white and Hispanic. They have a sense of embattled privilege and are selected for the safety, quality of homes and prestige they appear to offer: research shows how fearful many of their residents are ( 2).

Yet they are not immune to serious crime and violence: crime in gated communities is around the same level as in non-gated ones of a similar social profile, and residents are no safer than in ordinary high-income neighbourhoods. Criminologists often point out that the social composition of neighbourhoods is a better indicator of risk: in societies where social and material inequality is high, we see far higher levels of ghettoised distress and of violence and harm.

Breach homicide Urban life in the US has changed, but familiar themes of race and violence persist. The case raises questions about the aggressive fortress mentality that gated communities can generate. Zimmerman’s misperception of Martin as a potential aggressor may have been influenced by the fact that the encounter happened behind the gates of the community.

News that Zimmerman was to be charged for second-degree murder came on 11 April, a day after the FBI released its annual data on gun-related assault and deaths in the US, which showed that of approximately 12,000 homicides in the US in the past year, two-thirds involved firearms. News reports of murders inside gated communities indicate a tiny problem compared with the overall level of violence in US society. Yet the number of aggravated assaults and incidents of routine domestic violence in neighbourhoods that the affluent have retreated to in order to avoid risks is likely to be underestimated.

The Martin case would seem to be a “breach homicide”, a killing within a gated community, involving someone who does not live inside. Since gated communities are intended to be free from risks from outsiders, residents understandably experience heightened alertness when they see someone they believe to be from “outside”. Yet it is the reverse of the standard breach scenario since the victim was a perceived intruder. Martin was actually visiting a relative inside the community, but what Zimmerman thought he was encountering appears to have been skewed by the place of the encounter (a small gated neighbourhood) and a prejudicial reading of Martin’s race and manner (Zimmerman claimed he was a “real suspicious guy”, “black male” who “looks like he is up to no good”, according to a 911 emergency services recording). Martin’s behaviour may have been caused by Zimmerman’s pursuit and his own attempts to escape unwanted attention.

The Retreat is surrounded by a perimeter wall and fronted by heavy iron gates, with a notice that reassures (or warns) of the presence of a neighbourhood watch. However, unlike many gated communities, there is no 24-hour security guard and the housing prices are comparatively low. Communities such as this exist across the US, and the model is being copied globally, in high- and low-crime contexts.

Police records showed that 50 suspicious persons reports were called in from The Retreat over the previous year, and police had also been called there 402 times, almost two call-outs per household. There were eight robberies, nine thefts and one other shooting over the 12 months before Martin’s death. The failure of security was acknowledged by a resident: “It’s a gated community, but you can walk in and steal whatever you want” ( 3). Such failures are cumulative in an age of online news media and searchable archives.

The failure to achieve total security will amplify residents’ concerns, worsening fear and suspicion of the unknown or confirming their racialised idea of what an intruder might look like. This explains the implicit support for Zimmerman’s armed patrols of the neighbourhood by the Homeowner’s Association, local police and fellow residents.

Weary recognition The main outcome of the Martin case has been a weary recognition of the racially polarised and prejudiced society revealed by the killing. There are wider questions about the control of firearms and the mentality that tacitly supports assault by would-be vigilantes working within protected communities. Such actions are not aberrations: rather, residents’ fear can lead to aggression in the most affluent neighbourhoods. To be seen to be out of place is dangerous. Gating may increase the risk of challenges or assaults on non-residents because outsiders are seen as emissaries of a risky world from which residents have taken shelter. Anxiety about a “breach” is high in the list of residents’ fears ( 4).

A more valuable outcome would be a public conversation about the deficiency of community safety in the US. Gated communities are emblematic of a perception that law enforcement is deficient and that social risks, heavily racially inflected, are to be avoided by the location decisions of homeowners. Zimmerman is not alone in acting as sheriff of a petty fiefdom: gates create new frontiers, outside publicly accountable modes of policing, beyond which intruders or visitors face stares, questions or far worse. These themes, taken to their logical conclusion in the 2007 Mexican film La Zona directed by Rodrigo Plá, suggest that responsibility for social control may soon be ceded to a fearful, affluent class living behind gates and aggressive to those who do not appear to belong.




mondediplo.com 

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To: tejek who wrote (655063)5/16/2012 12:49:20 PM
From: joseffy   of 717175
 
Halfwit tejek posts Steve Benen from maddowblog.

Good boy, tejek.

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To: Brumar89 who wrote (655041)5/16/2012 12:58:23 PM
From: joseffy3 Recommendations   of 717175
 
Manny Pacquiao Banned From Hollywood Mall by Gay mafia,


Manny Pacquiao Banned From Hollywood Mall, Says He Has Gay Relative (Gay Mafia Attacks)

Wednesday, May 16, 2012 by Ben Maller
thepostgame.com 

Manny Pacquiao won't be shopping with the stars ever again, as the homophobic boxing superstar has been banned from Hollywood's ultimate entertainment destination. Training in Los Angeles for his upcoming fight against Timothy Bradley, Pacquiao was scheduled to sit down for an interview Wednesday with "Extra" host Mario Lopez at the Grove, LA's legendary shopping mall where celebrities and tourists mingle in overpriced shops, restaurants and movie theaters. But that interview won't take place now, at least not at the outdoor mall. LA Weekly's Simone Wilson reports Pacquiao has been outlawed by the commercial center for his over-the-top anti-gay statements...

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From: bentway5/16/2012 1:07:54 PM
   of 717175
 
Geithner rains on Boehner's parade
By Steve Benen
Wed May 16, 2012 11:39 AM EDT

House Speaker John Boehner (R-Ohio) yesterday said he would do in 2013 exactly what he did in 2011: use the debt ceiling to hold the nation hostage. As Boehner sees it, Democrats have to give in, or he'll trash the full faith and credit of the United States and crash the economy on purpose.

And why did Boehner declare his intentions in mid-May? Because the Speaker is trying to shape upcoming tax-policy negotiations, applying leverage to get what he wants. The problem, as Treasury Secretary Tim Geithner noted yesterday, is that Boehner's calendar doesn't quite work.

At the end of this year, an enormous fight is looming over taxes and revenue, when all of the Bush-era tax cuts are set to expire, just as major spending cuts from the debt-ceiling agreement are set to begin. This doesn't directly relate to the debt-ceiling fight, but Boehner wants it to -- yesterday was partly about sending a signal to the White House. The Speaker was effectively saying, "I'm holding a gun to the nation's head; if you don't want me to pull the trigger, don't push for any tax increases."

But Geithner spoke at the same fiscal summit, and said something interesting.
"[O]n the current estimates ... we're likely to hit the debt limit sometime before the end of the year, but Congress has given the executive branch a set of tools that buy [administration officials] some time. And those tools will probably take us into the early part of 2013, thus separating somewhat the timing of the expiry of the tax cuts and the sequester with the ultimate need for Congress to act on the debt limit. You know, they should do it as soon as they can, but that's the basic sequence in this context."
That may sound a little clunky, but in everyday terms, the Treasury Secretary was explaining that policymakers will be dealing with expiring tax cuts and triggered spending cuts in December, but won't be dealing with the debt ceiling until January and February.

Boehner wants to tie the debt limit to the December discussion, but the administration has no reason to play along. Indeed, at this point, we don't even know who'll be the President or the House Speaker the next time the ceiling needs to be raised.

To be sure, the variables may change, and as Brian Beutler noted, if federal receipts slow, the deadline for the debt-ceiling vote may come much sooner.

But for now, Boehner has a strategy that he probably won't be able to execute.

maddowblog.msnbc.msn.com 

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To: longnshort who wrote (655048)5/16/2012 1:27:31 PM
From: Tenchusatsu3 Recommendations   of 717175
 
Longnshort,
Appearing as a guest on Tuesday's Conan show on TBS, HBO comedian Bill Maher absurdly suggested that recent allegations that Mitt Romney engaged in "bullying" in high school are worse than being molested by Michael Jackson, and asserted that he would be willing trade being beat up in grade school for being "gently masturbated by a pop star."
Well that says a lot about Bill Maher.

Can't take a few punches but would love to be fondled by a male pop star.

Tenchusatsu

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To: bentway who wrote (655069)5/16/2012 1:28:02 PM
From: joseffy   of 717175
 
LSD boy bentway posts Steve Benen on maddowblog.

Good work, LSD boy.

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From: bentway5/16/2012 1:30:22 PM
   of 717175
 
A peek into an alternate reality
By Steve Benen
Wed May 16, 2012 9:23 AM EDT

Mitt Romney delivered a curious speech in Iowa yesterday, presenting his thoughts on the budget deficit, the debt and debt reduction, which is worth reading if you missed it. We often talk about the problem of the left and right working from entirely different sets of facts, and how the discourse breaks down when there's no shared foundation of reality, and the Republican's remarks offered a timely peek into an alternate reality where facts have no meaning.

Even the topic itself is a strange choice for Romney. If the former governor is elected, he'll inherit a $1 trillion deficit and a $15 debt, which he'll respond to by approving massive new tax cuts and increasing Pentagon spending. How will he pay for this? No one has the foggiest idea.

In other words, the guy who intends to add trillions to the debt gave a speech yesterday on the dangers of adding trillions to the debt.

More importantly, though, Romney presented a vision of the last few years that bears absolutely no resemblance to reality at any level. Jon Chait had a good piece on the remarks.
Mitt Romney delivered a speech today about the budget deficit. It’s hard to wrap your arms around Romney’s argument, because it’s an amalgamation of free-floating conservative rage and anxiety, completely untethered to any facts, as agreed upon by the relevant experts.

In the real world, the following things are true: The budget deficit was projected to top $1 trillion even before President Obama took office, and that was when forecasters were still radically underestimating the depth of the 2008 crash. Obama did propose temporary deficit-increasing measures, an economic approach endorsed in its general contours, if not its particulars, by Romney’s economists. These measures contributed a relatively small proportion to the deficit, and their effect is short-lived. Obama instead focused on longer-term measures to reduce the deficit, including comprehensive health-care reform projected to reduce deficits by a trillion dollars in its second decade. Obama put forward a budget plan that would stabilize the debt as a percentage of the economy. Obama has hoped to achieve deeper long-term deficit reduction by striking bipartisan deals with Congress, and he has tried to achieve this goal by openly endorsing a bipartisan deficit plan in the Senate and privately agreeing to a more conservative plan with John Boehner, both of which were killed by Republican opposition to any higher revenue.

The story told by Romney is one in which all of these things are either untrue or could not possibly be true.
I don't think Mitt Romney is stupid. I do think Romney is operating from the assumption that voters are stupid.

In Romney's speech, the deficit is responsible for a tepid economic recovery. That doesn't make any sense -- and I suspect the former governor knows that -- but he's counting on you not knowing the difference. What's more, he's avoiding interviews with journalists who might ask him to explain why on earth such arguments should be taken seriously.

In Romney's speech, the deficit can be dramatically reduced magically, even while cutting taxes on the wealthy and increasing spending on defense. How? Apparently, we're not supposed to ask.

In Romney's speech, "spending" has created a "financial crisis" (that's gibberish). In Romney's speech, the size of government has exploded to new heights (the opposite is true). In Romney's speech, the deficit is growing (it's actually shrinking). In Romney's speech, President Obama doesn't care about fiscal responsibility (Obama offered Republicans an overly-generous $4 trillion debt-reduction package, which the GOP rejected). In Romney's speech, Bush-era policies have absolutely nothing to do with Obama-era deficits ( ahem).

In Romney's speech, everything we know about the Recovery Act should be replaced with talking points that don't make sense.

Watching the Republican's remarks, I was annoyed by the breathtaking dishonesty, but I was also struck by something that seemed rather new to me: Romney's immaturity. His arguments weren't just wrong; they were silly. If the political discourse were in any way grounded in fact, this was the kind of speech that would laugh Romney off the national stage, with sensible people agreeing that the guy just isn't ready for the big kids' table. Grown-ups don't feel the need to create fantasy lands where their wishes are true.

The speech seemed like it had been written by a high-school student who's preoccupied with Rush Limbaugh's radio show and assorted right-wing Twitter feeds. I couldn't take Romney seriously yesterday because Romney no longer cares enough to take himself seriously.

We got a peek into an alternate reality yesterday, and it appears that Romney Land is a deeply foolish place.

maddowblog.msnbc.msn.com 

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