Friday, January 20, 2012

You're the king today but there's a price you may pay

People seem to think the reason Mitt Romney is so secretive about his tax returns is that they will reveal that he pays an effective tax rate around 15%, because Mitt Romney said that his tax rate was probably close to 15%.

Since when has Mitt Romney been known to be honest. No, really. Is he believable in anything he says? Doesn't he just say whatever he thinks he can get away with?

I think the odds are that, when you take into account his numerous tax shelters, off-shore accounts, estate planning and other mechanisms available only to the mega-wealthy, people with suddenly discover that the problem isn't that he pays an effective rate of 15%. It will be that he has historically paid (as opposed to however he rejiggers his 2011 taxes - and tries to get away with only releasing those) an effective rate well below that. That will be the damning information.

Mitt Romney seems to be achieving something remarkable. He's turning Fox-watching Tea Party Republicans into populists. If he loses the election, his arrogance will have created an opening for tax reform that doesn't advantage capital gains and eliminates tax shelters for the wealthy. Why do you need ultra-low tax rates to incentivize private equity investments that are used to destroy jobs, the meme will go, but significantly higher tax rates on labor are not considered a disincentive to working and growing the overall economy? The argument never made any sense. And Mitt Romney is making it toxic.

Good job, Mittens.

UPDATE: Krugman makes the case that low capital gains tax rates are bad economics. Mitt is creating a class of Republicans, led by Newt Gingrich, who (at least today - until they get to turn around and recast those views as socialist), who agree with Paul Krugman. Again, it's remarkable.

Tuesday, January 10, 2012

Maybe I'll invent the nuclear magnetic resonance stomp


The X Prize Foundation, along with Qualcomm, has announced a $10 million competition to develop a real-life medical tricorder. This story has me debating whether to use an image from Star Trek or the X Men. Fortunately, with Patrick Stewart (aka Captain Picard and Charles Xavier), problem solved.

Monday, January 09, 2012

Get a job

There's a lot of hay being made today over Mitt Romney's (out-of-context) "gaffe" where he said he "likes being able to fire people." The consensus is that this is a very damaging quote, reinforcing the current line of attack against Romney that he made his money by buying companies and eliminating jobs. The other GOP candidates are foaming at the mouth to go on the attack using that line against Romney (he of the "it's ok to use put of context quotes in politics" line coming back to bite him, so no sympathy).

It's amazing that it just takes a filthy rich principle-free front runner to turn the rest of the Republican field into a economic populists for middle America. But anyway.

I'm not one for giving Mitt Romney any help, and deep down I believe that his "gaffe" was pretty Freudian (and also completely dishonest when not taken out of context - but what's new with Mitt Say Anything Romney?), which point everyone is going to be driving home from now until November.

However, if Mitt is as smart as he thinks he is, or his handlers are even remotely competent (and they've been working on thinking up some damage control on this all day, without a doubt), it's going to be pretty easy for him to recover and turn the line into a positive. "It's never easy to fire someone, but you're darn right sometimes I enjoy firing someone who deserves to be lose his job. And that's why I'm in this race. To fire Barack Obama. And I'm not going to apologize for that." The "firing" line is the perfect and natural lead-in for Romney's contemptible assertions and ad hominem attacks on the President.

If that's not red meat for the Tea Party right wing, I don't know what is.

P.S. On the real point that Romney way trying to make - that somehow the Affordable Care Act ("Obamacare") deprives individuals of the ability to select and change health care insurers in the free market, that's also nonsense, by the way. The key problem is without the ACA, where, if you have a problem with your insurance - generally because you have become ill - you are completely screwed. You are stuck with that evil, poor service providing insurance, because you have a preexisting condition that has now taken you out of the market for any other insurance. And even if you don't have a pre-existing condition, you're still stuck, because you don't get to choose your own insurance, anyway. Your employer does. And it's worse, because Romney knows this. It's his Massachusetts plan. But the man is such a fraud that he can say what he says straight-faced and is rarely called to account for his dishonesty. Good job, mainstream media.

- Posted using BlogPress from my iPad

Location:Nashua, New Hampshire (not really)

Saturday, January 07, 2012

Candy Mountain Run

It seems to me that most of the analysis of Jon Huntsman's candidacy for the GOP nomination for president miss the main point. Of course he's the most sane candidate. That's been apparent for a long time. And sure, it's a shame, in a huge way, that the current GOP cannot rally behind that relative sanity. But I think the reality is that, for opposite reasons, the "sane" Republicans and Huntsman, on one side, and the fringe right that is no longer the fringe of the GOP, on the other, each realize that this is not a candidate that can run against President Obama in 2012. For the Tea Party and Christianist core of the party, he doesn't represent their vision (or at least their style, since his actual policy views are much more conservative and orthodox and in line with their right-wing views than is generally acknowledged). But on the sane(r) side of the party, there must be a recognition that Huntsman really doesn't want to run against Barack Obama. He worked for Barack Obama. There is an apparent level of respect for the president in Huntsman that is entirely lacking in the remainder of the field. Despite the heartfelt desire of people like Andrew Sullivan (during those rare moments when he's not all warm and tingly for Ron Paul and insincerely rescinding his infamous endorsement) for a general campaign that functions at a high level of decency, that focuses on issues and not personal attacks - that represents the type of campaign they once pretended that John McCain would run - partisans still expect there to be passion, fire, and commitment to their cause. That points to the one constituency that really wants Jon Huntsman to strongly challenge for the GOP nomination: the media. The media is still trying to sell something, and the only GOP primary script that they know is the McCain one from last time around. They need a "maverick" so badly, someone they can pretend is willing to stand up to the radicals, and are so desperate for Huntsman that it's almost dirty. "Huntsman's Time Finally Arrives!" And that sort of passion could - but probably won't be enough to - propel Jon Huntsman forward. It's just that it's not Jon Huntsman's passion. For all Huntsman's qualities, whatever those qualities are (besides sounding reasonable), Huntsman doesn't appear to have that sort of fight in him that the Republicans expect of someone taking on Barack Obama in the general election. The fact that Huntsman cannot channel that passion and anger is indicative of a candidate who isn't really serious about running in 2012. He's a candidate for 2016. He knows it. He doesn't want to run against President Obama. He's running as the dignified man who can save his party in 2016. That's what this candidacy is all about. Even having said all of that, maybe a dignified party (just suspend your disbelief - these are Republicans after all) would still select Jon Huntsman as their standard bearer. The media may, after all, convince the public that he's the real deal, the Anti-Romney other-Romney. But the people they're going to sell that to aren't the hard-core GOP-icans, and the independents aren't going to carry the day everywhere, or really almost anywhere, particularly when Huntsman has to share them with Ron Paul. Then there's that problem of loyalty, an issue that would be hammered at from several directions if Huntsman emerged as a real force in this campaign. The Manchurian Candidate stuff that's being said about him now would become fevered if he were a real threat. Who's team is the guy on? (No, I don't buy into that nonsense, I'm just pointing out what I would expect to see.) America's? China's? Remember, the loyalty that matters isn't loyalty to the country. It's loyalty to the cause. Huntsman can argue that he served President Obama's administration out of loyalty to America. That's all good and well, but it's not how the GOP base must see Jon Huntsman. He served Obama. New Hampshire Senator Judd Gregg got the message when he pulled out of heading the Department of Commerce (and then had to forcefully reassert his conservative bona fides to prove is continuing loyalty to the cause). Huntsman didn't get the message. Instead, he worked to advance President Obama's agenda. In China. And what does Huntsman's candidacy say about his loyalty to Obama? If Huntsman is a real candidate, Huntsman is pretty much betraying the President, too, right? What does any of that say of the character of this man, pleasant demeanor notwithstanding. Or pleasant demeanor withstanding. Because Huntsman's approach and personality is much too Obama-like for the party hardcore. And they know, so deeply, that the President's demeanor is just an cover for his devilish schemes to destroy America. Why would they want a candidate that is so Obama-like. Elections are about contrasts. It's the firebrand that cares. And that's not Huntsman. Huntsman knows it too. He's not a candidate for 2012. (And he'll never be mine.) But he wants the GOP to remember what they could have had when the 2016 campaign gets underway.

Friday, January 06, 2012

Two Matchstick Burns

John Boehner called it an “extraordinary and entirely unprecedented power grab.”

Whatever.

President Obama was right to appoint Richard Cordray as director of the Consumer Financial Protection Bureau via a recess appointment, despite the bogus pro forma Senate sessions intended to thwart the President's constitutional authority. Laurence Tribe explains why.

The attempts to apply any sort of negative moral equivalency to the President's actions (oh my, they're an unconstitutional overreach, an expansion of the unitary Presidency) as compared to the Republican game of blocking the President's authority to appoint officials in order to effectively nullify legislation forming the agency by crippling it due to the absence of a director (a director, by the way, that everyone - even Republicans - believes is qualified), are just ridiculous.

Countering obstructionism isn't overreach. Countering obstructionism isn't partisanship. This isn't a failure of the President to bring people together.

Wednesday, January 04, 2012

On the fringe

Rick Santorum advocates the demographic destruction of Israel.



No, really, that's what this means. "Palestinians" (which Santorum and Gingrich will tell you don't exist) are just Israelis, and the West Bank is part of Israel, too. How long, sir, before these non-existant Palestinians constitute a majority of the State of Israel?

But I'm sure the doctors think he's a genius.