Sunday, July 31, 2011

Leaders Agree on Framework of Deal to End Debt Crisis - NYTimes.com

Leaders Agree on Framework of Deal to End Debt Crisis - NYTimes.com

Well, a deal is made. It is hard to be too excited about it because it leaves some very serious structural problems in place. The debt ceiling is raised which will calm markets but the effect on the poor and the working poor will be serious if not severe. When the cuts start working their way through the system they will result in further job losses and government expenditures which have the effect of stimulating the economy. At a time when our economy is desperate for demand to pick up to create jobs instead these cuts will cause demand to fall and the jobs picture will worsen.

We can all give a sigh that perhaps this round of disgust is over with the hope that the Congressional leaders will be able to bring the votes of their respective caucuses along. As usual, it will be the poor that suffer.

Saturday, July 30, 2011

Wall Street Mobilizes to Raise Debt Ceiling - NYTimes.com

Wall Street Mobilizes to Raise Debt Ceiling - NYTimes.com


Sort of like aligning the planets. A rare occasion. If this doesn't happen the GOP is in serious trouble.

The Whole Point



The Prime Directive

“In lieu of flowers the family respectfully asked that donations be sent to the American Cancer Society or to the campaign of who ever is running against President Barack Obama in 2012” read the obituary in the Rome, Georgia News-Tribune. Now, I don't know for sure if this is true or not but I received what appeared to be a copy of it in my e-mail a few days ago. Personally, I thought it was hilarious and that it stood a good chance of being verifiable. But true or not it exemplifies the way a lot of people think and I don't suppose it is anything new. We have always had some with strong personal feelings about our Presidents but I tend to think the feeling is becoming more institutionalized and that it is preventing our elected representatives from reaching the compromises necessary in order to govern.

For many, compromise has become an evil thing that is contradicted by fealty to ideology. It is remarkable that such fealty has become so intense that elected officials feel obliged to sign a pledge asserting that commitment. Especially so when that viewpoint is only held by perhaps 35% of the voting public. Of course, it is a larger percentage of the Republican Party but not necessarily of those Republicans elected to office.

The real problem lies with the prime priority of the Republican Party being the ouster of Barack Obama from the presidency rather than actually being the loyal opposition representing a portion of the American people. This improper allegiance to that priority effectively denies the people they represent of having a voice in the affairs of the United States. It is through compromise with the minority party that legislation is done that generally benefits the nation as a whole and prevents the majority from running roughshod over the minority.

For instance, in the current debate the Republican Party is refusing to compromise on closing loopholes in the tax code to increase revenue even if they are getting the spending cuts they want. The purpose of the increased revenue is to make it unnecessary to increase the debt ceiling and to begin to pay down the national debt just as the spending cuts are designed to do. In this matter the Democratic Party has agreed to put Social Security and Medicare on the table to be eligible for reform. The Democratic Party has compromised by putting its most sacred programs on the block but their efforts have still been met with scorn and recalcitrance. The result of this is that it will not be only the Republicans of the nation that will suffer but also the independents, Democrats and all of the people who do not profess any kind of party identification. It won't be just the people expecting the Social Security check but also those who are using air travel while 4000 FAA workers have been furloughed.

The reason for the steadfast resistance of this bloc of the Republican Party is simply ideology. I wish I could tell you what that ideology is but I can't. I do know that part of it is resistance to the health care bill that was passed last year and also the belief that social programs run by the federal government overstep the scope of the proper role of government. To be honest, I don't think that there is an overarching philosophy that will contain the principles they espouse. It is more of a moving target, a general dislike, a disappointment with the position in which we find our country. And there are more than a few who just don't like the ideal of Barack Hussein Obama being President of the United States.

As an observer of the political process it seems to me that the only way the Republican Party can come out ahead is to achieve all of its goals or, at least, claim to. To attain the prime goal of defeating Barack Obama next year it will be necessary for them to be able to hang a defeat around his neck. Any kind of success by the President will be anathema to them. By the same token, a defeat on this issue will not necessarily be fatal to President Obama's reelection prospects but it will be a burden to overcome. The real problem is the cost to the country in order for the Republican Party to be able to use this as a campaign negative.

In my opinion, the election next year should be about these issues. We should use the campaign to articulate the direction we want the country to go and we should reach our conclusions with deliberation. I know that is kind of a rosy expectation but appropriate, nevertheless. Compromise is not a dirty word when it comes to governing the greatest nation on the planet. It is the way we have dealt with disputes all along excepting the case of the War Between the States, our Civil War.

So, let's act like adults. Let's act like people that can actually articulate our goals and preferences and be able to intelligently vote for our leaders. Maybe if we did not pander to their rhetoric so much they would actually lead.

My take on compromise, or the lack of it.

U.S. official: Iraq 'less safe' than it was last year - CNN.com

U.S. official: Iraq 'less safe' than it was last year - CNN.com

What Will We Watch As Drones Evolve? : NPR

What Will We Watch As Drones Evolve? : NPR

Thursday, July 28, 2011

Something besides the news and politics

I am grateful that I can still find things to enjoy that I haven't experienced before.  While I was aware of Guy Clark's work I hadn't listened to much of it.  His appearance at our Master Musician's Festival prompted me to pay closer attention and I have picked up a few CDs from Amazon.  It is really some great music with emphasis on lyrics and guitar work influenced by the Spanish style.  Boats to Build, Hemingway's Whiskey and The Cape, all songs he performed at the festival are great songs.  Love it.


I picked up a copy of Gillian Welch's new CD, The Harrow and the Harvest, and it is good top to bottom.  I love to listen to the mountain music influences in her music.

I had already tuned in to Steve Earle a couple of years ago after hearing him speak of writing a song for Joan Baez and producing her new CD.  His music is often political and always has a meaning.  His horizons have broadened and his song, Gulf of Mexico, does everything a modern folk song should.  He performed it along with lots of others off his new CD at the festival.  The addition of his wife, Allison Moorer, to his music allows him to introduce some harmony to his otherwise bountiful skills.  Ms. Moorer is a very talented musician in her own right.  One can listen to some of her music on NPR at All Songs Considered.  But be careful, you are going to be exposed to some rational thought.

Wednesday, July 27, 2011

Affluent Buyers Reviving Market for Miami Homes - NYTimes.com

Affluent Buyers Reviving Market for Miami Homes - NYTimes.com

Home values are bouncing back in Miami but only for the wealthy buyers. Loans are not available for the average buyer due to lack of being able to accumulate the down payment. Further proof of more wealth moving to the upper 1% of the population.

Bringing Our Foreign Policy Home - TIME

Bringing Our Foreign Policy Home - TIME

a view of foreign policy by the head of the Council on Foreign Relations. I have been saying this for some time and I wondered if I was the only one. Now I find that smarter people than me have some of the same ideas.

Balanced-Budget Blues - TIME

Balanced-Budget Blues - TIME

This is a calculated response to the clamor for a balanced budget amendment. Yes, it uses Keynsian theory but also "common sense."

Tuesday, July 26, 2011

A123 scores battery deal for wind power in China | Green Tech - CNET News

A123 scores battery deal for wind power in China | Green Tech - CNET News

getting our lunch eaten. We desperately need to be in the leadership in this.

Report: ATF Guns Recovered At Mexican Crime Scenes : The Two-Way : NPR

Report: ATF Guns Recovered At Mexican Crime Scenes : The Two-Way : NPR

But let's not have any sensible gun laws to prevent people from buying these assault weapons. That would infringe the second amendment. It is a mystery to me how Republicans are going to hold hearings on this without supporting some sort of gun controls.

Monday, July 25, 2011

Horse Sense


On Horse Sense

“We've got to have a balanced budget amendment” he said. “It works for me and it works for you. Right? If we don't have the money we don't get it”. I happened to know this person pretty well and I am fairly sure he had to borrow money to buy his house. I know I did. But, whatever the case, I figured that reason and logic were not going to win the day so I just told him he was wrong and left it at that.

Later I got to thinking about it and I'm not so sure it is entirely a bad thing. The way I understand it is that the United States would not get into anything it could not pay for. I remembered that we haven't budgeted for a war since Vietnam and if a balanced budget amendment would keep us from running off to war every time we wanted to shock and awe someone it might not be a bad thing. Of course, we would have to use some common sense and not believe those guys when they tell us they think we can do it for six dollars, ten tops like Cheney and Rummy did. The bills for those cost overruns are still coming in and will until the last soldier on disability is dead. Some estimates expect the total cost to run in the neighborhood of ten trillion dollars. I would say that Cheney and Rummy missed it a bit but who's counting? Now, anyone with any common sense would know better than that but there are a lot of people saying that we are sorely lacking in common sense and if some people, I won't name names, would just ask they could get an earful of common sense.

Common sense tells us that the federal budget is just like our checkbook. You keep track of the expenses and don't let them get past the income. I'm pretty sure that there are others besides me that have trouble keeping a checkbook to where it says the same thing the bank does and I don't think we would say we don't have any common sense. Anyway, anyone with common sense could see these things and all those Harvard and Yale educated economists and their eggheaded theories are just lacking in good old horse sense.

Most of us aren't quite sure what macro-economics is and what a credit default swap is but common sense tells us that if we leave the heavy thinking to the business people that they will take our money and spend it wisely on creating good jobs that we don't have to be educated for. And that brings up another issue. What do we need the Department of Education for? Won't people get educated if they think they can get a good job and become one of the heavy thinkers? Everyone knows that good old fashioned hard work is enough to get through high school and to pay your way through college even if it does leave you in debt so deep you never see the principle go down. Uh oh? I got fouled up on that balanced budget thing again. So, on second thought you aren't going to be able to borrow money to go to school so you should be able to graduate when you are 35 or 40 if you work full time. Of course, common sense will tell you that you'll have to put off getting married and having children until you are about 50 or so. Then you can buy a house without blowing that blasted budget. Ladies, if you've got kids in mind then common sense will tell you that you don't need that education.

Well, anyway, you can see that a person doesn't need to listen to those smart people if he has common sense on his side. Problem is that those guys that make money just aren't that interested in people with good old common sense unless it's to mow the lawn or do those jobs that don't pay enough to ever make it to their class of people.

We need to let the rest of the world in on this simple piece of discernment that we have found. Here we have every other country in the world sending their kids here to get an education. Boy, have we got them fooled. Here, we take their money and when their kids are graduated we send them a letter telling them they can't stay here any longer. You'd think China and India and all those other countries would catch on but boy are they dumb.

At least it's a growth industry. Maybe we can maintain our superiority by creating a global shortage in common sense. Someone help me figure out how to do this while keeping the budget balanced and without a Department of Education. I know this will work with just a little good old common sense.

That's my take on those pointy-headed perfessers and their fancy shmancy education and theories. What's yours?

Consumers vs. the Banks - NYTimes.com

Consumers vs. the Banks - NYTimes.com


Why would any representative of the people be against this agency? And yet, many are. Go figure.

Business Drives U.S. Profits - WSJ.com

Business Drives U.S. Profits - WSJ.com

We were told that if US corporations could open up foreign markets it would be good for the American consumer.

The Two-Speed Recovery: Consumers Left Behind - Real Time Economics - WSJ

The Two-Speed Recovery: Consumers Left Behind - Real Time Economics - WSJ


But if we cut taxes the rich people will dole some out to us by creating jobs. NOT! If this is the case then why do they keep getting a larger share of the money?

Friday, July 22, 2011

The Toll of the Years


The Toll of The Years
No man is an island,
Entire of itself.
Each is a piece of the continent,
A part of the main.
If a clod be washed away by the sea,
Europe is the less.
As well as if a promontory were.
As well as if a manner of thine own
Or of thine friend's were.
Each man's death diminishes me,
For I am involved in mankind.
Therefore, send not to know
For whom the bell tolls,
It tolls for thee.

John Donne

Riding the golf cart into the festival I was taken by how young the girl driving me seemed to appear. I asked if this was her first year working the festival and she replied that it was, to my surprise, her fourth. “So, that makes you about fourteen, then” I told her. She laughed at me and said that, no, she was twenty and a junior at UK. My memory flashed back to what I was doing at her age and I said that I was at UK for a while. I remarked that I was there when someone burned the ROTC building down but she was not even aware that that had happened.

Over a couple of days I have thought about that and remembered I am a couple of generations removed from her experience and that, while that was a seminal experience for me, it was nothing to her. Can you recall the exuberance with which you lived life at twenty years of age, how everything was so immediate and pressing and obvious? And now do you wonder how many of us have become so tolerant of cynicism and discrimination and the inequities of life? Do you recall the ambition, belief and determination of twenty that we would erase those negative influences of society from our society?

In 1970 UK had largely escaped the upheavals that many college campuses had endured over the causes of civil rights and the war in Vietnam. But that spring it was about to change. National Guardsmen called out to quell a demonstration at Kent State University in Ohio reacted violently to words and, perhaps, stones being hurled at them by opening fire on the unarmed crowd murdering four Kent State students and wounding several others. The rage over those shootings swept across college campuses and UK, normally a pretty quiet campus, was one of them. Demonstrations erupted and the National Guard was called out to ensure the safety and security of the public. For me it was a kind of “through the looking glass” moment as a student there. I lived off campus with a guy who was not a student but was seeking to avoid a trip to Vietnam in another time honored way by enlisting in the National Guard. So, during the evenings he would get in his uniform and me in mine and we would go off to the campus. Both of us stridently anti-war but going about it in different ways.

This points out a schism in the culture of that day just as there is one today. There are a few lessons that were taken away from the participation of the United States in the war in Vietnam. The junior officers took the lessons to heart and are now our generals. The politicians of today were either members of that youthful generation or are children of that generation. The military found out what it was like to try to fight a foreign war without the backing of the population and the politicians found out what it takes to make a foreign war acceptable at home.

The draft of young men into the military ceased in the Seventies and has not been revived. Until our adventure in Iraq we did not commit large numbers of military to any foreign engagement and really didn't plan to there. But the lessons learned were to not go to battle without overpowering force and to keep the American public as insulated as possible from the effects of war. Unfortunately, a political force arose that felt that the United States as the sole superpower could project its will around the world with shock and awe and make swift work of the primitive opponents. They were wrong. They also felt that if they could keep the horrible pictures out of the paper and not make the people pay the cost of pursuing war they could keep the public in check. They were right.

Someone said that if you do not know history you are doomed to repeat it. True words but it seems apparent you can know history and still choose to repeat it by not accurately assessing the risk. Such is the story of our times.

So when I read the comments of one reader that we had spent ourselves into a desperate state and the claims that it could be laid at the feet of emigrants and President Obama I wondered if that person had been keeping up the past twenty or so years. Balanced budgets all through the latter Nineties and then tax cuts, two wars and a Medicare D benefit enacted, all off the books and not paid for through the budgeting and taxing process. During Vietnam we had a surtax to pay for the war. During Iraq and Afghanistan we paid for them through Supplemental Appropriations and totally kept them from appearing in the budget. The tax cuts, which chiefly benefited the wealthy, not only allowed more wealth to accumulate in the top 1% of the population but also killed any chance of actually paying for the Medicare D benefit. Then after those years of financial idiocy comes President Obama but, before he can take office, the bottom falls out of an economy largely because the regulators were not paying attention. Yes, the debt has increased 4 trillion dollars since he took office but he did not spend it. It was spent before he took office. The bill just came due after he took office.

To be sure, there is some amount that is a result of President Obama's administration that was used to ease the suffering and try to lessen the effect of the deepest recession since the Great Depression but it is miniscule compared to what went before.

The last lesson of Vietnam? Don't ask the American People to feel the bite of war or experience the pain personally. During Vietnam the draft ensured that the pain was felt all over. The tax ensured that the price was felt all over. And the body bags coming home ensured that the horror was felt all over. During Iraq and Afghanistan we just sent the Reserves and the National Guard on tour after tour to help a seriously undermanned military and paid for it with a credit card. Sure, everyone put up flags and ribbons but now the bill is coming due.

My take on the lesson of history. One must remember and forward the lessons on.

GE tops Wall Street estimates on overseas demand | Reuters

GE tops Wall Street estimates on overseas demand | Reuters

This is becoming the norm for many major corporations. I don't have a problem with that but I do have a problem with thinking that they will still have the best interests of the United States at heart. They should not be able to finance elections nor should they be considered as a person for legal purposes.

Monday, July 18, 2011

MMF3


original artwork to be auctioned

Verlon Thompson and Guy Clark




From Radical to Traditional


I was watching Guy Clark and I asked my grandson, Josh, how old he thought Clark was. “Pretty old” he replied. So, I said to Josh, “I think he's about sixty nine.” “That's what I think, too” he replied while staring directly at me. Now, for those of you who know my age you know that sixty nine is not too far removed from my age. I had to caution Josh that discretion is the better part of valor and that he should consider his words more carefully.

Other than that Guy Clark exhibited the desirable traits required by a Master Musician. Guy is one of those Texas Troubadours that have a unique ability to tell a story in prose and put it to music. Unlike some of his compatriots he comes from an educated and literate family and was exposed to the arts and literature at an early age. His ability to turn a phrase is what makes him one of the greats. Singing of Ernest Hemingway in his song, “Hemingway's Whiskey” he says that “if it was bad enough for him it is bad enough for me.” The music is simply an accompaniment to the prose. It is a tradition as old as history itself and he continues it quite well. One can tell the advancing years are taking their toll but the story continues.

As time came for Clark to take the stage a large number of the crowd approached the stage, bringing chairs and blankets and I was reminded of the way crowds would once sit at the feet of a Master to glean whatever pleasure and understanding they had to offer. When Clark sang I watched the crowd and noted that it consisted of gray heads and many sang along with his songs. It was a sanguine and reverent crowd that was unlike the crowds at the stage for the closing acts of each night.

Clark was accompanied by his sidekick, Verlon Thompon, of whom I had never heard but who is a prolific songwriter and guitarist in his own right. He brought us a set of his songs that evinced a picture as a song should while Guy Clark sat and listened, smoking a few cigarettes while he enjoyed his friend's songs. It was a good time. As I age I am more aware of the small pleasures of life and getting to listen to Guy Clark in person was one of those. The opportunity may not rise again but I will be eager to repeat it if it does.

The other award of our festival is for Music Educator of the Year and this year's recipient of the award was Pauline House. I have had the pleasure of knowing Ms. House for several years and know that she is richly deserving of this award. She has given selflessly to the teaching of music and of the use of her musical abilities. Her contribution to the musical education of many of our youth is mostly unknown but well founded. Her erudition extends not only to the arts, which she promotes endlessly, but to many other areas as well. I can attest that she is a pleasurable conversationalist and shows an interest in her community that could well be emulated by others. It was a very well deserved commendation. I think that Ms. House could be a good example of what a contributing member of a community should be.
This edition of the festival seemed to come off quite well and I would venture that the attendance was one of the largest ever if not the actual largest. There was quite a variety of performers some of which suited my tastes and a couple that did not. I want to point out that just because a performer does not suit my tastes does not mean they are not good. I believe I can say that every performer that was very talented and performed their style of music with great craftsmanship. I will delve into the individual performances a little more in follow up column but space will not permit that here.

The closing act was Steve Earle and the Dukes and Duchesses. I started following Steve Earle again a year or two ago and was quite surprised to find that things had changed quite a bit since “Copperhead Road” which was a song me and quite a few others remembered from 1989. He was incarcerated for a bit after that and when he came out began to reframe his life and his music. Mr. Earle is not a native Texan but grew up a lot in Texas under the influence of Townes Van Zandt and Guy Clarke. His reverence for them is evident in his troubadour style. His telling of the story is of his own style and he is a prolific writer, actor and performer in his own right. To the great credit of the festival's president, Tiffany Bourne, and the board of directors Steve Earle said that the Master Musician's Festival was the first date he accepted for this year. He went on to say that the reason for that was that MMF was going to honor Guy Clarke, his mentor. It just goes to show that the relationships that are bonded in youth carry their influence over into middle age and beyond. No doubt there will be those for whom Steve Earle will hold the same place of reverence. It is just this kind of reputation that the Master Musician's Festival has developed and nurtured with loving care and will serve it in good stead in the future.

I'm going to have to alter my seating plan for the future though. I find that I am becoming a bit set in my ways and desirous of my comfort. My usual plan has been to put down stakes at front row, center and maintain that position through rain or sweltering heat. Neither of those are factors in my reconsideration though. Rather it is my aversion to being in the middle of rowdy, exuberant crowds. I find that astonishing since I have in the past been eager to be a part of that crowd. For Mr. Earle's performance I was unable to see the stage from my seat which was no longer on the front row and the tumult was loud enough, enhanced by assisted hearing devices, that I couldn't hear the music. I retreated. Front row is a great place but next year I think comfort and acoustics will win the day because the rowdy and exuberant crowds are a natural and necessary part of live music.

That is my take on this year's installment of the Master Musician's Festival. I will have more in the form of a review of the performers, some of which I found I liked quite a lot. These festivals allow artists to develop and perform their craft and also showcase some of the best music the country has to offer.

Friday, July 15, 2011

MMF

Sitting at the feet of a master.    I looked around and saw a seal of gray hair.  Many of them singing along having known the songs by heart.  He certainly has the knack for a turn of the phrase.  Clark is a college graduate and comes from a literary family who exposed him to literature and poetry at an early age.  His song about "Hemingway's Whiskey" reflects a familiarity with the subject.

MMF

Guy Clark is an icon in American music. Playing without a set list.. Verlon Thompson in tow.

MMF

Guy.Clark up next.  The MMF master musician of 2011.

MMF

Sooners.were awesome.  Sort of.like Edgar winter 1968.  Velveeta Jones is a great blues band.



MMF

Sooners.   Steel Driving Man

Test

Can this work?


Thursday, July 14, 2011

Judge declares mistrial in Roger Clemens perjury case - San Jose Mercury News

Judge declares mistrial in Roger Clemens perjury case - San Jose Mercury News: "

Should not have been there in the firs place. People think he is on trial for using steroids but he is instead on trial for lying to Congress. The question is, "should Congress have been asking those questions in the first place?" At the time the use of PEDs was not illegal and this borders on entrapment.

Bob

try a little tenderness

Add caption


An Audacious Proposal



On Friday I'm off to my annual enjoyment of the Master Musician's Festival so I'm writing this a day or two ahead of time. I think I'm safe because I don't expect any significant changes in the situation I'm writing about before press time. As I have often said, I really look forward to this festival not only because of the music but because of the reunion of old friends and people I have come to recognize from years past. Events like these put in stark contrast the way we relate to one another in a more leisurely fashion and how we do so in a political fashion. I question why there has to be such a sharp difference.

When Barack Obama was running for President he said he was going to solve problems by getting all the players around a big table and just hashing things out. I was a Clinton supporter in the primaries and I thought that was a bit of pie in the sky thinking but that was what he called “the audacity of hope.” Now, I grew up in the Sixties and I'm still all for peace, love and hope but I have had my hopes dashed several times and now look at things with a bit more cynicism. Just because it is a fact of life still does not make cynicism a good thing. It is still better to hope for a better outcome. Clinton was defeated, much to my surprise, and Obama showed some creative political smarts. I liked his message and it seems the nation dared hope again as was evidenced in the voting.

I can't think of a President since FDR who was given a worse hand to play than Barack Obama. He campaigned on a platform of changing the way Washington does business but at the final weeks of his campaign the nation was faced with a dilemma the likes of which we had not seen for about eighty years. The President was faced with trashing the key plank of his campaign or trying to do more than one thing at a time. Perhaps looking back one would have done things differently but in life we get very few do overs. So he pressed on and got the health care bill. I am all for the health care bill even though I don't think it went far enough. But one of the things that came from that legislative battle was a clear eyed look at how the big table discussion played out.

The President has been true to his promise of getting people around the big table. The whole idea of the big table was that people would come to it in the spirit of comity and eager to do business for the good of the country. I think the President has to have been a little surprised to learn just how little comity and beneficence people have when they want what they want and hang the good of the country.

He tried the big table negotiation strategy with the health care bill to no avail. Compromises were made to try to bring some of the opposition on board but that met with so little success so as to have been hardly worth it. Now here we are again at the big table and the news the other day was shocking. It seems that the President and Congressional Leadership were actually on the cusp of making a deal in excess of expectation and one that would have been a bit of relief for a nation beset by hard times. But to paraphrase a quote of President Lincoln it seems that defeat was snatched from the hand of certain victory. Speaker Boehner's inability to hold his caucus together to sanction the deal forced the GOP members to run for cover under the banner of Grover Norquist. The Tea Party's members seem ready and willing to force the default of the faith and credit of the United States to, as their pledge states, make Barack Obama a one term President and hang the good of the nation.

Then in an example of perhaps the most craven hypocrisy I have ever seen in politics (yes, I am aware that is a bold statement) Senator Mitch McConnell (R-Ky), the Minority Leader, offered a back door way to allow the President to raise the debt limit AND allow the GOP to vote against it without defeating it. A convoluted mishmash if ever I saw one that required only the President to have intestinal fortitude.

Personally, I think the President and the Speaker should play more golf. That seems to work better if everyone just leaves them alone to work it out. It's a shame to have to do things that way but that is just the way it is if the big people in the room can't be adults. As an alternative I am going to send a copy of this column to the President and Speaker Boehner and invite them to spend a weekend here at the Master Musician's Festival in the spirit of comity and compromise. I just don't see how they could go back to Washington and do business the same way after hearing some of the best music in the country and meeting some of the finest people in the world. But perhaps that is too audacious of me.

That's my take on deliberation, compromise and the audacity of hope. How about you?

Off to see the wizards

Tomorrow marks the beginning of the two day Master Musician's Festival and I am already in gear.  I finished up my work week today and plan to use tomorrow before time for the music in preparation and anticipation.  I hope to manage an interview or two and will attempt to link up for facebook feeds and maybe some live blogging.

But it will be better to be there so come on down.

Bob

Mortgage meltdown: California may join probe of Wall Street's role in mortgage meltdown - latimes.com

Mortgage meltdown: California may join probe of Wall Street's role in mortgage meltdown - latimes.com: "- Sent using Google Toolbar"

As of this date there is no one in jail for the looting of our country and forcing recession on the entire world. Now it seems that only a few states have the stomach for rooting out fraud in the mortgage industry.

Tuesday, July 12, 2011

McConnell Proposes Congress Punt Debt-Ceiling Power To Obama : It's All Politics : NPR

McConnell Proposes Congress Punt Debt-Ceiling Power To Obama : It's All Politics : NPR: "- Sent using Google Toolbar"

We report it, you decide.

Record Drug Shortages Strain Hospitals' Ability To Cope : Shots - Health Blog : NPR

Record Drug Shortages Strain Hospitals' Ability To Cope : Shots - Health Blog : NPR: "- Sent using Google Toolbar"

But remember, these are corporations and, as such, are treated as individuals under the law. Unlike real people they do not feel the need for compassion to relieve suffering and to meet a sociological need. Now we must incentivise them to produce these drugs for which they may not receive billions of dollars. Why do we need national health care? Here is one reason.

Monday, July 11, 2011

Free Elizabeth Warren



Big Banks or Average Joe?


Obama Still Faces Business Group Defiance On Health Care And More” read the headline. Tom Donohue who is the President of the U.S. Chamber of Commerce and one of President Obama’s leading critics spoke out on the actions of the current administration accusing it of being anti-business. It has been a familiar charge ever since the Wall Street crash and President Obama’s efforts to reign in dangerous practices and increase consumer protections. The lobbyists for various areas of the business community have been busy influencing Congress to just let them police themselves. Well, that is what we did and we can see how that worked out. As an example Mr. Donohue states,

Workers who have been banking on employer-based coverage when they retire are being told not to count on it. And as premiums rise, thanks in part to the law’s new mandates, many companies are thinking about ending their employer-based plans, and moving workers into government-run exchanges.

The fact of the matter is that the system of employer furnished health care was on the chopping block to begin with. Businesses were finding it more and more unaffordable to keep up with rising premiums and pension plans were dropping medical coverage like hot potatoes.

Mr. Donohue goes on to criticize the consumer finance regulations that are designed to make credit card contracts more readable and to prevent interest rates from being arbitrarily increased for the slightest infraction.

We are particularly concerned that the new Consumer Financial Protection Bureau does not use its broad authority in ways that deny small businesses and consumers the credit and financial products they need.

Translated this means that banks don't like being told they cannot keep the lucrative though usurious revenue stream they have enjoyed for so long and that banks won't be so eager to lend money at 6% if they can't recover some of the windfall at 21% plus fees.


The financial titans just don’t get it even yet. They just can’t understand why everyone is so upset just because they blew the retirement plans for millions of people and plunged the country into the deepest recession since the Great Depression. I mean, after all they provide capital to finance the movement of the business world and they should be allowed to crank the system for all it is worth. It is just the cost of doing business. Risk their own money? What’s that all about? They are particularly chagrined at the notion of having to actually have a significant percentage of the money they purport to invest held in reserve. In other words, if they bet $100 they think it is too much to be expected to have $15 or so in reserve. Even a bookie expects that if you bet $100 you had better have $100 in reserve or get an arm broken but these sharks make a bookie look like a public servant.


Mr. Donohue even went so far as to criticize the administrations plans to sharply curtail the excessive lending practices used by the for profit colleges that often leave a graduate with 3 to 4 times the debt of a public university education.

Elizabeth Warren, the temporary head of the new Consumer Protection Agency is due to testify before Congress this week and she is no friend to those who carry the water for the giant banks. She should be nominated and confirmed as permanent director but the GOP majority has sworn she will not be confirmed. It seems they don't want a credit card agreement that can be understood. Two things are certain, she is a friend of the consumer and won't back down.

It sharply points out the “every man for himself” attitude of big business. Big business that can afford to spend millions on lobbyists to influence legislation while the average citizen only has his or her vote. It is the ability to band together that gives the average person the power to go up against big business but unions formed to do just that have been under attack for 30 years.

That's my take on the debate over financial regulation. I come down with Elizabeth Warren and the average Joe.

A Conservative Spins Out The GOP's Debt Endgame : NPR

A Conservative Spins Out The GOP's Debt Endgame : NPR: "- Sent using Google Toolbar"

This from a person who has worked as a conservative all his life. His assessment of the budget wars bodes ill for the tea party radicals.

Military Operations Unaffected by US Aid Suspension, Says Pakistan | USA | English

Military Operations Unaffected by US Aid Suspension, Says Pakistan | USA | English: "- Sent using Google Toolbar"

and this is the reason (one of many) why we will never achieve desirable results in Afghanistan. Pakistan is on a mission for regional superiority.

Sunday, July 10, 2011

GOP gets one last shot at Consumer Protection bureau before it opens - The Hill's On The Money

GOP gets one last shot at Consumer Protection bureau before it opens - The Hill's On The Money: "- Sent using Google Toolbar"

One of the good guys.

Mayors call on Obama to strengthen enforcement of country’s gun laws - TheHill.com

Mayors call on Obama to strengthen enforcement of country’s gun laws - TheHill.com: "- Sent using Google Toolbar"

Mayors, Police Chiefs and all manner of law enforcement officials want tougher gun laws. This amendment has no other purpose than to thwart the effort to trace illegal weapons.

McConnell denies GOP trying to sink economy to hurt the president - The Hill's On The Money

McConnell denies GOP trying to sink economy to hurt the president - The Hill's On The Money: "- Sent using Google Toolbar"

I can only think of a barnyard epithet to describe this.

Obama faces new obstacles in high-stakes debt talks | Reuters

Obama faces new obstacles in high-stakes debt talks | Reuters: "- Sent using Google Toolbar"

It seems the play from the GOP is to force as large a cut as is possible, including cuts to social programs, without any option of revenue enhancements in the form of elimination of tax subsidies to wealthy corporations or people. Senator DeMint seems willing to take it to the point of not being able to send out Social Security checks or pay Medicare claims. That is a very dangerous tack for the GOP.

President Obama was ready to give up concessions in the social programs but that will not easily come without concessions from the Republicans. He is already under fire from the left end of his own party for considering changes to the entitlement plans.

Boehner’s decision means an opportunity lost - The Washington Post

Boehner’s decision means an opportunity lost - The Washington Post: "- Sent using Google Toolbar"

A sad day for our country. It is seemingly more important to go into the election cycle with the nation's financial health at risk than it is to for a consensus that would have begun the move to a sustainable budget. I really believe that Speaker Boehner wanted to strike a deal but faced the radical elements of his party which have driven out the moderates and now form the majority of the Republican Party. It is a calculated risk to approach the election cycle with the onus of failing to make a reasonable deal squarely on the GOP's neck. The GOP is willing to risk that the American people are so against eliminating tax loopholes and allowing taxes on the rich to rise to recent levels that they will be able to carry the election in 2012.

The only way this will work, in my opinion, is if this tactic drives the nation's financial health to new lows. It is incredible that the GOP would spurn significant concessions from the Democratic Party just to maintain a spurious campaigning edge. I seriously doubt that reasonable people think we need to continue to keep the tax rates for millionaires at the lowest levels in history, that tax loopholes that benefit the rich and concessions to the large oil companies are in the best interests of the country.

A moment of hope lost.

Saturday, July 9, 2011

Thousands of Egyptians Protest in Tahrir Square - NYTimes.com

Thousands of Egyptians Protest in Tahrir Square - NYTimes.com: "- Sent using Google Toolbar"

When the Egyptian Revolution occurred I mentioned that the goals of the revolutionaries and the military were perhaps not compatible. A military is all about order while a democracy is a messy business. The pace of change does not suit the people.

Friday, July 8, 2011

Appeals Court Reinstates Suit Against Exxon - WSJ.com

Appeals Court Reinstates Suit Against Exxon - WSJ.com: "- Sent using Google Toolbar"

strange how corporations are treated as individuals when it comes to first amendment rights but not when it comes to tort law. One would think they are getting special treatment, wouldn't he.

Patient Saved By Synthetic Windpipe Transplant in Medical First - FoxNews.com

Patient Saved By Synthetic Windpipe Transplant in Medical First - FoxNews.com: "- Sent using Google Toolbar"

JPMorgan pays $228M to settle bid-rigging charges - BusinessWeek

JPMorgan pays $228M to settle bid-rigging charges - BusinessWeek: "- Sent using Google Toolbar"

The great Wall Street banks seem to operate outside the law and certainly outside the regulatory process.

Oil slips to near $98 in Europe as traders await key US jobs report - The Washington Post

Oil slips to near $98 in Europe as traders await key US jobs report - The Washington Post: "- Sent using Google Toolbar"

Only speculation can cause such volatility in crude oil prices. It does great harm to a weak economy and affects the poorest the most.

In Southern ‘Stroke Belt,’ Cognitive Decline Is a Related Worry - NYTimes.com

In Southern ‘Stroke Belt,’ Cognitive Decline Is a Related Worry - NYTimes.com: "- Sent using Google Toolbar"

I didn't even know there was a "stroke belt." This is a worrisome piece of news and should cause us to change lifestyles. Talk about passing debt on to children, this is a big one.

Man Killed By Yellowstone Grizzly Reportedly Told Wife To Run : The Two-Way : NPR

Man Killed By Yellowstone Grizzly Reportedly Told Wife To Run : The Two-Way : NPR: "- Sent using Google Toolbar"

I gotta tell you. I am especially freaky about being eaten alive. I am not likely to venture into places where there are creatures that area able to run me down and eat me.

Thursday, July 7, 2011

YouTube - ‪Stephen Stills Live 1976 - Tree Top Flyer‬‏

YouTube - ‪Stephen Stills Live 1976 - Tree Top Flyer‬‏: "- Sent using Google Toolbar"

This is very cool. Stephen Stills with a song from his early years right after Buffalo Springfield. The guitar is a little rough and you can hear the old blues influences clearly. A blast from the past for all you counter-culture folks who finally gave in.

Here It Comes, Part Two



Here It Comes, Part Two



Less than a week now until that annual, masterful reunion of friends to listen to some music performed by master musicians. It is a wonderful event during which I allow myself to eat stuff that I am forbidden to eat and sit in the direct sun, sometimes without a hat, in direct contravention of the wisdom of medical professionals. I once had a friend who would go the the beach in Fort Lauderdale and get burned to a crisp only to return the next day to burn the burn. When asked how he did it he just said, “you just have to not think about it.” I probably won't get burned but I will get very hot and this body just doesn't put up with that the way it did when I was twenty three. One of these days I may be forced to the shade to sit with my friends with less fortitude.

I'm not a great country music fan but I'm going to try to be there to see The Sooners. They just sound like fun and live music can have an allure that recordings don't. Just the name Velveeta Jones is enough to get me there for that and Guy Clark will be our Master Musician this year. I recently saw an Austin City Limits with him, Joe Ely, John Hiatt and Lyle Lovett. Four great singer-songwriters that one should not pass up the opportunity to see whenever possible. I expect Mountain Heart to be a great closer for the evening.

These festivals often bring an exposure to groups that do not fit neatly into the Grammy categories and I lump them into a group I call Americana. It is uniquely American music that takes its influences from any and all other music and poetry that passes by. They may never be the Black Eyed Peas or Katy Perry, Kenny Chesney or Taylor Swift but they make music just as good or better for a lot less money. It's just for the love of the music and maybe to keep from getting a real job. Of course, many of them have a day job and this is just for the love of it.

The history of the festival is that on Saturday it either is so hot you wish you were on the stage where the fans are or it pours down rain. Sometimes both. If it rains you are left with the equally unsavory options of running for the cars or sitting there holding a lightning rod over your head. I will opt for the lightning rod. Saturday is just chock full of good music and workshops culminating with Steve Earle and the Dukes, featuring Allison Moorer. If you haven't listened to Steve since Copperhead Road you may have a surprise coming. His music over the last ten years has taken a decisive turn to what may be described as alternative folk. His admiration of Townes Van Zandt is evident in his ability to tell a story in music. You really need to listen to the lyrics. Steve has taken up residence in Washington Square in Greenwich Village, an old haunt of the folk movement in the early sixties. Allison Moorer, Steve Earle's wife, has added a decidedly softer edge with her harmonies. Ms. Moorer is the sister of Shelby Lynne, the country artist and is an accomplished musician on her own.

These artists derive a considerable amount of their income from the sale of their merchandise and they are accessible to the public which is just one of the many endearments of this festival. A few days ago I was recalling some of the memories of the festival and one that struck me funny was when the GreenCards played here summer before last. The apparent leader of the group was a woman who wore some kind of red garment she swore was a slip. I don't know, that's just what she said and I was in the front row. Anyway, at their booth I asked her how she got here from her native Australia and she began to explain the application for a green card (hence the name of the group) and so on. I had forgotten that our idiom may be different so I stopped her to clarify my question which was how and why does a person pull up roots in Australia to come play the festival circuit in the United States which has to be a difficult task at best. Her explanation was simply, “they don't do this in Australia.” I thought, “huh.” Here is a person who wanted to do this so much she left her native homeland to come half way round the world to play these little venues at hot, sweaty festivals. This is the kind of musician the Master Musician's Festival attracts. If they didn't love it they would not be here because it is not an easy life. They would probably stay at home and get a gig down at the Holiday Inn. I noticed that the GreenCards made the up and coming group list on NPR's music program. We saw them here first. Just like we did The Avett Brothers. As an added attraction, Chris Knight is back. If any of you recall the last time he was here you may be intrigued to see what this appearance is like.

So, come one and come all. It is well worth the price of the ticket. I'll see you front row, center if the Good Lord's willing and the creek don't rise. I'll bet a few of my friends will sit with me for a while.

Allison Moorer, Recorded Live In Concert : NPR

Allison Moorer, Recorded Live In Concert : NPR: "- Sent using Google Toolbar"

Allison Moorer is the wife of Steve Earle who will be at the Master Musician's Festival next weekend. This is from an NPR production of World Cafe and gives a bit of a sense of her talents but certainly not the totality. She adds a gentler touch to Steve's songs with her harmonies.

Buffett Blasts Washington for 'Silly' Game of 'Russian Roulette' - CNBC

Buffett Blasts Washington for 'Silly' Game of 'Russian Roulette' - CNBC: "- Sent using Google Toolbar"

When this guy talks, I listen. He is one of the sane voices.

http://content.usatoday.com/communities/theoval/post/2011/07/obama-everything-is-on-the-table/1

As Pakistan Expands Nuke Arsenal, U.S. Fears Grow : NPR

As Pakistan Expands Nuke Arsenal, U.S. Fears Grow : NPR: "- Sent using Google Toolbar"

This is the future of the area in which we are fighting. It is the best opportunity for nukes falling into the hands of Islamic radicals. Is Pakistan using the relationship with the United States as a cover for nuclear proliferation?

Wednesday, July 6, 2011

Jury Selection Begins In Clemens' Perjury Trial - NY1.com

Jury Selection Begins In Clemens' Perjury Trial - NY1.com: "- Sent using Google Toolbar"

This is one of the most ridiculous things. This arises out of Clemen's being accused of lying to federal investigators. The use of the steroids was not illegal and to threaten a citizen with imprisonment for something that comes from an investigation that had no legal standing is ludicrous. They'll probably go after Barry Bonds for the same thing. Mark McGwire came clean finally and will probably avoid criminal charges. Investigators get teed off at people lying even when it has nothing to do with anything that is any of their business.

Iraq inks 6 agreements of cooperation with Iran

Iraq inks 6 agreements of cooperation with Iran: "- Sent using Google Toolbar"

No doubt this was to be expected but it puts in stark lighting the value of our expenditure of lives and wealth to achieve what could easily be a negative outcome. Recent news also says that the cooperation extends to the Iranians furnishing more advanced weapons to the insurgency.

Tuesday, July 5, 2011

Medical News: Putting Down the Salt Shaker May Not Help Heart - in Cardiovascular, Prevention from MedPage Today

Medical News: Putting Down the Salt Shaker May Not Help Heart - in Cardiovascular, Prevention from MedPage Today: "- Sent using Google Toolbar"

Now hear this!!!

What A Debt Default Would Really Mean For The U.S. : NPR

What A Debt Default Would Really Mean For The U.S. : NPR: "- Sent using Google Toolbar"

I don't think people really have any idea of the issue before us and the gravity of the situation. I can only hope that there are those who understand both the need to keep credit moving and to move to lessen the load. Solutions are possible, we are a very rich nation. All we have to do is tell the people we have to pay for what we do and accept the consequences rather than worry about the next election.
Casey Anthony Found Not Guilty Of Killing Her Daughter : The Two-Way : NPR: "- Sent using Google Toolbar"

It is sort of like the OJ trial in that everyone believes that she is guilty of murdering her daughter. The problem is easier to see here though. In this trial the jury did not have to suspend belief. The prosecution simply did not meet the burden of proof. They settled for conjecture with the entire case being build on circumstantial evidence. That can be enough if there are certain other qualifiers such as definitive proof of how and where the child died and that did not exist.

It has always been a part of our legal system that we risk the guilty going free in order to try to prevent the innocent from being imprisoned. Sometimes that preference leads to situations like this but it is still better than the alternative.

The best I can say is to imagine it is your child on trial and you know he or she is innocent despite all the evidence that is piled up. Wouldn't you want the benefit of the doubt?

Monday, July 4, 2011

After 50 Years, Remembering Hemingway's Farewell : NPR

After 50 Years, Remembering Hemingway's Farewell : NPR: "- Sent using Google Toolbar"

You know you are on the north side of middle age when you can remember stuff like this. Hemingway was always so much larger than life and no one saw this coming. He was a literary genius and who knows what he could have accomplished. Or not. Maybe he could have kept Key West from becoming the extravaganza it is now. That would have made his life much more meaningful. It used to be such a great place.
I first saw the Keys in the late Sixties and finally got to Key West in about '73.  The extravaganza was already starting but it was the remnants of the hippies that were searching for the last place on earth.  It still was not the money sucking, condo covered tourist trap it is now.  All the counter culture denizens would congregate at the pier for the daily worship of the resting of the Sun God and demonstrate whatever entertaining skills they had or thought they had. There were still Mom and Pop shops up and down the Keys.  Little sand floored seafood restaurants and pizza joints.  Mostly it seemed to be people that had gotten fed up with New York and New Jersey decided to drop off the edge of the continent. The Floridians didn't consider the places fit to live in.  I loved it.  Sloppy Joe's was already boosting itself as Hemingway's favorite watering hole and I loved it too.  Little cobblestone streets that were not asleep but not fully awake in the early morning hours.  Rain every day at 4:00 P.M.  More like the Caribbean than the U.S.  Now a memory of a more leisurely time.  Now we even rush to relax.