wrongologist – Page 177 – The Wrongologist

What, Me Worry?

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.” –HL Mencken

As we head towards the inauguration of Donald J. Trump, it is interesting to look at a recent survey by Ipsos Public Affairs, Which countries are on the right track, according to their citizens? that was cited in an article by the World Economic Forum. The global conclusion was that people think things are getting worse:

Between October and November 2016, the percentage of people who believe things are on the right track in their country dropped by 2 percentage points to 37% globally.

The survey is conducted online monthly in 25 countries by Ipsos. The countries are Argentina, Australia, Belgium, Brazil, Canada, China, France, Great Britain, Germany, Hungary, India, Israel, Italy, Japan, Mexico, Peru, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US. Ipsos samples 18,110 adults aged 18-64 in Canada, Israel and the US, and aged 16-64 in all other countries. They were interviewed between October 21^st and November 4^th 2016, with about 1000 people participating in the US and other Western countries. The survey has an estimated margin of error of +/-3.1 percentage points.

Here is a chart giving a snapshot of right track/wrong track just prior to the US presidential election:

This shows the US in the middle of the pack, with 65% of those surveyed saying we are on the wrong track. That is consistent with other surveys of American sentiment. In China, 90% of people expressed confidence in their country’s direction, followed by Saudi Arabia (80%), India (76%) and Russia (58%).

Among Western nations, Canadians are the only people with a predominantly positive outlook (54%).
The US showed a small month-on-month drop in “right track” from 37% to 35%.
France and Mexico bring up the rear as their citizens have the least confidence in their country’s direction: 88% and 96% of the populace respectively believe that their country is on the wrong track. Only 4% of Mexicans think their country is on the right track!

Ipsos also surveyed the issues that worry citizens in each country the most. They asked the question: Which three of the following topics do you find the most worrying in your country? In the US, the top three issues were:

Terrorism: 33%
Healthcare: 32%
Financial/Political Corruption: 29%

It is not clear that terrorism is profoundly worrying to Americans, since 67% of those surveyed chose something else to worry about. Remember that the rankings are based on how frequently the item is mentioned as the first in a list of three issues. Here is an Ipsos chart that compares the number one issue people worry about in each country:

Only Turkey, Israel and the US ranked terrorism first. Americans fear terrorism slightly more than uncertainty with their healthcare (32%). And they worry about corruption slightly more (29%-28%) than they worry about crime and violence. Where are poverty and social equality? Seventh, with 19%. What about education? Ninth, with 15%. Maintaining social programs are 14^th tied with inflation at 7%.

Fear is emotional, it is not driven by logic about actual levels of risk. Assessment of risk is (mostly) a logical process, with a tiny element of emotion. Acts of terror are frightening, but the likelihood of one happening to you is infinitesimally small in the US. It is therefore, an irrational fear.

OTOH, do people worry about being mugged when walking through a sketchy part of the city? Most do. How many actually get mugged? Not many. But that fear has a basis in fact.

And terrorism isn’t about killing as many people as it can. It is about gaining a political victory through terror. Think about the 9/11 attack in NYC. Millions watched the Towers fall. Those in NYC saw the smoke for weeks. That is the end point of terror, and probably explains why so many rank it as their top worry.

In the survey, six countries worried more about terrorism than the US. They are: Turkey (66%), Israel (51%), France (44%), India (43%), Saudi Arabia (40%) and Germany (34%). Those countries all have more real-world reasons to worry about terrorism than do Americans.

However, our neo-con politicians in collusion with a number of think tanks, and the military-industrial complex, have made a significant portion of Americans believe it is a rational fear. They do this for financial gain and control.

Control keeps the grift going.

And, like Israel, the more Muslims we kill, the more terrorists we create. Where is the virtue in this for anyone except the Defense Department, Lockheed, Rockwell, Northrup, Raytheon, Honeywell and Wall Street?

Monday Wake Up Call -MLK Holiday Edition

“Civil disobedience is not our problem. Our problem is civil obedience. Our problem is that numbers of people all over the world have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience….Our problem is that people are obedient all over the world in the face of poverty and starvation and stupidity, and war, and cruelty. Our problem is that people are obedient while the jails are full of petty thieves, and all the while the grand thieves are running the country. That’s our problem.” —Howard Zinn

Today we remember the birth of Dr. Martin Luther King, Jr. who was America’s icon of civil disobedience, and a hero to most. And while injustice and inequality continue in the US, the thought that civil disobedience will deliver the astonishing results it did in the 1950s and 1960s seems nearly impossible. In the next four years, we will have trouble enough holding on to the reforms of the New Deal and the Lyndon Johnson years.

Here is a small proof: This week, the city of Biloxi Mississippi tweeted that some municipal offices would be closed on Monday “in observance of Great Americans Day, a state-named holiday”. That was news to citizens of Biloxi. How had the city changed the name of a federal holiday in honor of civil rights leader Martin Luther King Jr to celebrate unnamed “Great Americans”?

It hadn’t. This from the Guardian:

The incident, however, highlighted an awkward truth about Mississippi’s Martin Luther King Jr Day: that it is also Robert E Lee Day…Arkansas and Alabama also jointly celebrate Martin Luther King Day and Robert E Lee Day, despite annual protests.

States and municipalities were slow to recognize the MLK holiday, with New Hampshire being the last state to officially observe the day, in 2000. You may remember Arizona’s resistance to a holiday honoring MLK. It became a big issue in the late 1980s. In 1986, the year the federal holiday honoring King was first observed, Arizona’s House of Representatives voted down a measure observing it. But, Democratic Gov. Bruce Babbitt, who was about to leave office, proclaimed the holiday on his own.

Babbitt’s designation of the holiday became an issue in the next election. Republican Evan Mecham promised to overturn Babbitt’s order if he won. And after his election, Mecham reversed the proclamation. Mecham’s move led to dozens of groups cancelling conventions in Phoenix. After Mecham left office, (he was indicted and impeached), the debate continued, eventually leading to a statewide vote in 1990, but Arizona voters rejected the holiday.

That cost Arizona a chance to host its first Super Bowl in 1993 (the NFL’s decisions are made about 5 years in advance). Losing the 1993 game cost the state at least $200 million. The ongoing refusal to create an MLK Holiday also cost Arizona scores of additional conventions and tourist business. Not long after the vote, the NCAA turned down Arizona State’s request to host a portion of the 1994 NCAA men’s basketball tournament.

It took until November 1992 for the state to finally designate the MLK Holiday.

Does any of this sound familiar? A Republican governor stands against an idea that the majority of America thinks is important, and the right thing to do. The state loses tourism and other business. It becomes a pariah, standing on ground that makes its governor look more like George Wallace than a modern political executive. We’re talking about you, North Carolina! Why is it always a Republican?

In 1991 the rap group Public Enemy released a song called “By the Time I Get to Arizona” on their album, “Apocalypse 91”. They wrote the song in response to Arizona’s’ refusal to create the MLK Holiday. The song is controversial, since the music video showed Public Enemy’s willingness to kill Gov. Mecham. Rolling Stone praised the album, stating that Apocalypse 91 “attempted nothing short of setting a sociopolitical agenda for the black community.”

Best wishes on MLK day. The struggle is gonna get way more real this year. Here is “By The Time I Get to Arizona”:

Those who read the Wrongologist in email can view the video here.

Sample Lyrics:

I’m countin’ down to the day deservin’
Fittin’ for a king
I’m waitin’ for the time when I can
Get to Arizona
‘Cause my money’s spent on
The goddamn rent
Neither party is mine not the
Jackass or the elephant
Why want a holiday Fuck it ’cause I wanna
So what if I celebrate it standin’ on a corner
I ain’t drinkin’ no 40
I B thinkin’ time wit’ a nine
Until we get some land
Call me the trigger man
Looki lookin’ for the governor

Sunday Cartoon Blogging – January 15, 2017

In a week filled with news that forces you to look at it, one thing stands out: The “Dossier” on Donald Trump which purports that the Russians have collected some things that could be used to blackmail our Orange Overlord. There are many things to “get”, in order to understand this story, but let’s focus on the blackmail element.

According to the 35-page Dossier, Russia (supposedly) has blackmail material on Trump but isn’t using it. OTOH, the CIA and the rest of the intelligence community (IC), and certain media players are using it, both by making sure we know that the Dossier exists, and that Trump and Obama were told about it.

The story, which had apparently been around DC since the summer, was retailed to the rest of us this week. Trump’s reaction was typical, blaming the IC, while saying it was more fake news. And it could be just that, no one seems to know.

Then, Trump was warned by Chuck Schumer (D-NY) and Senate Minority Leader, saying on MSNBC: (emphasis by the Wrongologist)

You take on the intelligence community, they have six ways from Sunday of getting back at you. So even for a practical, supposedly hard-nosed businessman, he’s being really dumb to do this.”

Wow! The president-elect threatened by the Senate Minority Leader, implying that the IC will get back at him if he doesn’t stand down. And there was no shock from Democrats, who have decided that they are the CIA’s best buddies, and that they love, love the rest of the IC.

Yet, when Clinton was being skewered for her emails, Dems protested loudly about the interference by the FBI. Glenn Greenwald has an excellent piece about the IC inserting itself into the US election, along with the Russians and others. As part of the story, he has this to say about the Democrats:

Did Russia attempt to interfere in the US election? Of course, and Democrats condemned it. Did the agents of the FBI et al attempt to interfere in the US election? Of course, and Democrats condemned it. Is the national security state today interfering in the outcome of a US election, by trying to destabilize and force its will on the incoming administration? Of course, and Democrats are cheering it.

The Dems are seeing just what they want to see, and that’s the (for now) flesh wound inflicted on Trump by the IC. They are not looking at what’s in plain sight. Which is the many efforts at false news stirring the pot of presidential illegitimacy, by domestic state actors as well as foreign.

Democrats should not support this; it’s dangerous…for them as well as for America. More about this next week.

The IC is far from happy with the Donald:

The GOP has started on their Repeal and Replace plan:

The GOP wants to take care of at least one pre-existing condition:

Trump’s cabinet nominees began their Senate hearings this week:

Secretary of State Nominee, Rex Tillerson, has to prove he’s not channeling Exxon:

Obama gave his farewell speech, and headed into the sunset:

Saturday Soother – January 14, 2017

You may have noticed that the Wrongologist has not posted a column since Monday. Life intervened, as we began a to-the-studs kitchen renovation this week. Think about it, no kitchen in January in the Northeast. It’s like camping, but you sleep in your own bed, and use your own shower.

This week, the Trumpathon marched forward, with each day giving us something unique to consider, to react to with disbelief as our Overlord moves to fully take the reins of power.

The commonly accepted story is that the Russians hacked Podesta and the DNC, and that might have helped Trump defeat Clinton. Then there is the “Dossier” of possibly incriminating info that the Russians may, or may not, have on Trump. The story could be false or true, and there is no solid evidence either way.

Trump’s plan to place his business in “trust” is ridiculous, but he has no plan to abide by the spirit of a blind trust, and he’s exempt from the rules for other public servants, so deal with it.

The Democrats didn’t lose to the Republicans because of a Russian conspiracy, but because they didn’t do a good job of governing, for two reasons: First, the economy hasn’t recovered for quite a few Americans. Second, Obama’s record on foreign policy is at best, mixed and is possibly a failure.

Despite his success with Obamacare, we should remember that insurance coverage is not health care. Consider that the US mortality rate is going up. And there is still considerable economic uncertainty: Elevate’s Center for the New Middle Class looked at how much money in the form of an unexpected expense would be a crisis for ordinary Americans. Their study asked 502 nonprime (credit score below 700) and 525 prime Americans (credit score of 700 or above) how they could handle an unexpected expense. They found that:

A bill becomes a crisis for nonprime Americans at $1,400. For Primes, it’s $2,900…

160 million Americans come under the nonprime category, according to the study. That’s half of our population who would have difficulty paying for a trip to the emergency room with a broken arm. Two-thirds of Americans would struggle to cover a $1000 emergency expense. Half of Americans find it hard to pay over $100 a month for health insurance, while the average price nationally in 2017 for a bronze plan is $311 per month for a 30-year-old nonsmoker who does not qualify for subsidies. That means without subsidies, half of America is at serious risk of being uninsured under repeal and replace.

This speaks to our uneven economic recovery better than any average wage or unemployment statistics.

In short, Democrats lost to a very flawed person because they (Dems) ran the country badly for people like those in this study, and those people are upset.

If that didn’t bring you down far enough, there are just six days until the inauguration.

Wow, with all this going on, we need something to help us relax. Today’s soother is Samuel Barber’s “Knoxville: Summer of 1915“, with soprano Dawn Upshaw and the Orchestra of St. Luke’s. Barber was a 20^th century American composer, perhaps our best. He was twice awarded the Pulitzer Prize for Music.

He wrote this piece in 1947, based on a prose poem by James Agee. Agee would later use the poem as a preamble to his Pulitzer Prize-winning book, A Death in the Family, published posthumously in 1957. Agee was also the screenwriter for the movie, the African Queen. Here is Knoxville: Summer of 1915:

While this feels operatic, the lyrics are in English. Here is a sample:

It has become that time of evening when people sit on their porches, rocking gently and talking gently and watching the street…People go by; things go by. A horse, drawing a buggy, breaking his hollow iron music on the asphalt; a loud auto; a quiet auto; people in pairs, not in a hurry, scuffling, switching their weight of aestival body, talking casually, the taste hovering over them of vanilla, strawberry, pasteboard and starched milk, the image upon them of lovers and horsemen, squared with clowns in hueless amber.

“Aestival” means of, or occurring in the summer.

Monday Wake Up Call – Russian Hacking Edition, January 9, 2017

“A great deal of intelligence can be invested in ignorance when the need for illusion is deep.” Saul Bellow

Trump had his briefing last Friday by the Intelligence Community (IC), about the Russian hacking. He then released this statement:

I had a constructive meeting and conversation with the leaders of the Intelligence Community this afternoon. I have tremendous respect for the work and service done by the men and women of this community to our great nation.

While Russia, China, other countries, outside groups and people are consistently trying to break through the cyber infrastructure of our governmental institutions, businesses and organizations including the Democratic National Committee, there was absolutely no effect on the outcome of the election including the fact that there was no tampering whatsoever with voting machines…

Whether it is our government, organizations, associations or businesses we need to aggressively combat and stop cyberattacks. I will appoint a team to give me a plan within 90 days of taking office. The methods, tools and tactics we use to keep America safe should not be a public discussion that will benefit those who seek to do us harm. Two weeks from today I will take the oath of office and America’s safety and security will be my number one priority.

He denied nothing that the IC presented, and agreed with several points. His bottom line, that the hacking did not affect the outcome of the election, is important: Trump is all about meme creation and meme destruction. His goal is to prevent the “Russians elected Trump” meme from becoming the next birther movement. If his tweets stay on message, he’ll get by this moment.

For what it is worth, hacking isn’t noteworthy; it’s been going on for years, by the Russians, the Chinese, the US and just about everyone else. There is way more hacking now, since most management systems are online, and few corporations are willing to invest enough to insure real protection from it.

OTOH, disinformation is a big deal. Social media makes Russia potentially a potent force in opinion control in the US and Europe. Hacked information can now be fed into the disinformation machine to great effect. We ignore Russia’s ability to influence US public opinion at our own risk.

Trump’s reaction to the IC briefing is comforting, since there was no histrionics or name calling. He said in this tweet that he will continue to push for a good relationship with Russia:

Having a good relationship with Russia is a good thing, not a bad thing. Only “stupid” people, or fools, would think that it is bad!

This makes him seem reasonable, so he can get on with the work of NOT going to war with Russia over the hack of the DNC.

When you look at the IC Report, it looks like Russian hackers were responsible for the phishing attack against John Podesta. The same accounts were used to hack into the DNC.

The next thing to know is whether it was the Russian hackers who shared this information with WikiLeaks. That appears to be the case, although we are taking it on faith, since the IC hasn’t shown us their work:

US intelligence has identified the go-betweens the Russians used to provide stolen emails to WikiLeaks, according to US officials familiar with the classified intelligence report that was presented to President Barack Obama on Thursday.

We may never see more on how they identified them, since it may be a little too sensitive to divulge.

It pains Wrongo to say this, as a lifelong Democrat, but if Trump manages to beat back the neocon/pro-New Cold War crowd and work cooperatively with the Russians, the world will be a safer place.

Hillary would never had gone there as president.

This is perhaps the silver lining to a Trump presidency, possibly avoiding what looked to be a showdown with Russia and potentially, WWIII.

From a domestic policy perspective, however, the odds have increased that we tear this country apart by 2020.

So, today everybody needs a Wake-Up. The hacking didn’t change the election result, instead, we got this outcome as the result of a successful campaign strategy by Trump, and a failed campaign strategy by Clinton.

No music today, instead, we will watch a short clip from the 1983 movie, “War Games”. Matthew Broderick hacks into a Pentagon computer, assisted by his sidekick, Ally Sheedy. He then plays “Global Thermonuclear War” with the computer, except it isn’t a game. Broderick plays the Russians and the computer plays the USA. Ultimately, the world is saved:

Sunday Cartoon Blogging – January 8, 2017

Congress returned, and immediately shot itself in the foot by being against ethics before they were for them. That made no sense, even to Overlord Donald I, so Congress backed down. Then Congress got down to business: They revived a rule allowing them to reduce the pay of individual government workers, which was why they were building lists of pro-climate change bureaucrats. Now, they are working on the process for dismantling Obamacare. Dr. Pence nailed the GOP theme:

The GOP will try to baffle the people by guaranteeing “Universal Access”, to health care. That does not ensure that anyone actually has insurance:

The big story of the week was the Russian hacking. Trump was briefed on Friday. Wrongo is skeptical that it made any difference to the election result. Trump’s public skepticism that Russia was behind it is also troubling:

Don’t worry about Trump releasing any secret stuff. The hacking report is 50 pages long, so he’s not reading it. He’ll watch the declassified stuff on Fox News and tweet what he thinks:

The Inauguration is coming. It might look like this:

(This cartoon is by Marian Kamensky, Slovakia)

Once in office, here is Trump’s foreign policy:

(This is from Tom Janssen, The Netherlands)

Saturday Soother, January 7, 2017

Happy Birthday today Kelly!! Other than that happy fact, little went right in America this week. Our Overlord, Donald I, rode to a presidential win by saying he would bring jobs back to America that have been lost to automation and offshoring by US companies.

But economists have said for years that creating jobs for low skilled Americans will be difficult. Here is further evidence that bringing back jobs may be tougher than Trump thinks. Salon reports that for men ages 25 to 54, the work statistics are poor:

For this group, labor force participation has sunk to 88.5% from a 1954 peak of 97.9%. Most of that loss has occurred among men who have a high school degree or less, according to a report this year by the Obama administration.

And there are interesting facts to consider where unemployed men are concerned. The NYT’s Upshot reports that the jobs that have been disappearing, like machine operator, are predominantly those that men do, while the occupations that are growing, employ mostly women. More from Upshot:

Of the fastest-growing jobs, many are various types of health aides, which are about 90% female. When men take these so-called pink-collar jobs, they have more job security and wage growth than in blue-collar work, according to recent research. But they are paid less and feel stigmatized.

Upshot quotes David Autor, an economist at M.I.T.:

The jobs being created are very different than the jobs being eliminated…I’m not worried about whether there will be jobs. I’m very worried about whether there will be jobs for low-educated adults, especially the males, who seem very reluctant to take the new jobs.

The issue is America’s culture of masculinity. Andrew Cherlin, a sociologist and public policy professor at Johns Hopkins says:

Traditional masculinity is standing in the way of working-class men’s employment…We have a cultural lag where our views of masculinity have not caught up to the change in the job market.

Why is it that men can get away with saying that they deserve better than women? Perhaps that is a rhetorical question. After all, we elected Donald Trump, who can get away with anything.

The Salon article had this snippet: (emphasis by the Wrongologist)

Health problems and the opioid epidemic may also be a major barrier to work, according to research by Alan Krueger, a Princeton economist and former Obama adviser. Nearly half of men ages 25 through 54 who are neither working nor looking for work, take pain medication daily.

Some of these men may have been injured on the job and were subsequently laid off. But some may also represent part of the huge increase in opioid use in America. They may be part of the increase in disability cases since the Great Recession: More than 10 million Americans received Social Security disability benefits in 2014 (most recent statistics). Benefits paid to disabled workers totaled $11.4 billion per month nationwide, a substantial increase from the $6.1 billion paid monthly in 2004. The top three states receiving disability benefits are West Virginia, Alabama and Arkansas.

We became this society honestly. Our politicians hold our corporations in high esteem. The corporations repay us by automating most jobs and shipping other jobs overseas. They do this with little or no responsibility to help displaced workers retrain, or find new work. They do this while asking for bigger tax breaks to remain domiciled in the US. They do this while blaming our education system for not providing trained, ready-to-work job entrants at no cost to them.

We just cannot count on them to be good corporate citizens.

Those on pain killers may or may not have disabilities that prevent them from working. But in any case, society does not owe unemployed working age men permanent, high paying manufacturing or mining jobs, despite whatever efforts Trump may make.

It is time for them to adapt.

We need a soother. Here is Grex Vocalis a Norwegian chorus formed in 1971. Grex Vocalis has reached the finals of the BBC contest “Let the Peoples Sing” three times. In this video they are performing “An Irish Blessing” (May the road rise to meet you) written by an American, James E. Moore in 1987, live at the Amadeo Roldán Theatre in Havana Cuba:

A Norwegian chorus performing an Irish tune, written by an American, in Cuba. That’s gotta be soothing.

For those who read the Wrongologist in email, you can view the video here.

Sample Lyrics:

May the sun make your days bright

May the stars illuminate your nights

May the flowers bloom along your path

Your house stand firm against the storm.

Audit The Federal Reserve?

Well, it should be no surprise that the Federal Reserve is already audited, but Rep. Thomas Massie (R-KY) re-introduced an “Audit the Fed” bill in the House on Wednesday, and Sen. Rand Paul (R-KY) introduced companion legislation in the US Senate. This has been a pet idea of Republicans for years. The GOP’s reasoning was summed up by Rep. Massie:

Behind closed doors, the Fed crafts monetary policy that will continue to devalue our currency, slow economic growth, and make life harder for the poor and middle class…

Mr. Massie apparently does not know that the US dollar is among the strongest currencies in international markets. Otherwise, he wouldn’t say that the Fed is debasing our currency. This guy is the exact reason why Congress’ role in directing the Fed should not be enlarged. Some suggest the bill is inaccurately named, but as the WSJ says:

Fed officials meet several times a year to decide what to do with short-term interest rates and how to influence them—actions that affect the borrowing costs of households, businesses and investors across the country. The “Audit the Fed” measures would require the Government Accountability Office (GAO) to examine those decisions.

And then report their findings to various Congressional committees. The GAO already has some Fed oversight, but the bill would repeal restrictions on their oversight. The most important restriction blocks the GAO from reviewing:

Deliberations, decisions, or actions on monetary policy matters, [as well as] discussion or communication among or between members of the Board and officers and employees related to such deliberations.

The repeal of these existing restrictions would allow the GAO to view all materials and transcripts related to meetings of the Fed’s Federal Open Market Committee (FOMC), the entity that sets US interest rates. It would require the GAO, at the request of Congress, to provide recommendations on monetary policy, including the FOMC’s interest-rate decisions, to Congress.

This would make meeting-by-meeting monetary policy decisions subject to Congressional review and, potentially, Congressional pressure. Judging by Mr. Massie’s level of knowledge about central banking, it would be highly likely that political pressure and rabble-rousing would be unavoidable.

The Fed’s financial statements are already audited in the usual sense by the government’s Inspector General (IG) and by Deloitte, a world-class independent accounting firm. The resulting financial reports are available to the public online. Every security owned by the Fed, including its unique identifying CUSIP number, is also available online.

The GAO reviews the Fed’s activities at the request of Congress, and has wide latitude to review Fed operations. For example, the Dodd-Frank Act required the GAO to conduct reviews of the Fed’s emergency lending programs during the 2008 crisis, along with the Fed’s governance structure. Since the financial crisis, the GAO has done some 70 reviews of aspects of Fed operations. That’s about 10 reviews a year since the end of the crisis.

Sen. Ted Cruz (R-TX), who joined with Sen. Paul to introduce the “Audit the Fed” legislation in the Senate, speaks for many of the Right Wing political class when he says, “the Fed is a group of unaccountable, unelected philosopher kings making decisions that affect every American”.

The bill’s proponents argue that “transparency” is lacking, and this will be cured with more Congressional oversight. Or, by more finger-pointing by certain gerrymandered GOP lifers talking about how the FOMC decisions are based on incorrect assumptions and broken models. There will probably be about as much value-added oversight as the various Benghazi committees exercised over the State Department.

In 2017 we’re having the same debates about the role of the Federal Reserve Bank that America had in the early 1900s prior to the Federal Reserve Act’s passage in 1913. We still hear voices calling for either more or less restrictive monetary policy, for more or less regulation, and even for the Fed to be abolished.

These are the same issues that Sen. Nelson Aldrich, banker Paul Warburg and their colleagues debated a hundred years ago. Back then, the debate was highly politicized, since there was widespread populist mistrust of Wall Street and of the concept of a centralized federal banking authority. Sound familiar?

So, time to let the GOP politicize the Fed. Time to let the Congress get its hands on monetary policy, even though they have proven to have zero ability to handle fiscal policy. Consider Congress’s failure to pass budgets, and their willingness to let the US government default on its debt.

Shouldn’t we keep the Fed’s deliberations free from grandstanding politicians playing to a conspiracy hungry constituency?

Isn’t this supposed to be the Congress that believed in less government?

American Exceptionalism Doesn’t Include Your Healthcare

The Republican’s effort to repeal and (maybe) replace the Affordable Care Act (ACA) began today. From NPR:

Opening punches were thrown in what one top Democrat today called “the first big fight” of the new congressional year – the promise by President-elect Donald Trump and GOP lawmakers to repeal and replace the Affordable Care Act.

The Obamacare debate is political and ideological, and it obscures a hard truth about healthcare in America. Historically, we spend more money than any other country on healthcare.

In the late 1990s, the US spent roughly 13% of its GDP on healthcare, compared to about a 9.5% average for all high income countries. However, the difference has steadily increased. Last year, as the ACA continued to roll out, healthcare costs hit 17.5% of GDP, the highest ever. That’s $9,695 per person.

We spend over $3 trillion on healthcare annually, and that rate of spending is expected to accelerate over the next decade. With all the debate about Obamacare, and what should replace it if it is repealed, we are ignoring what healthcare costs in the US, relative to other high income countries. It may surprise you that America doesn’t have better care than other high income countries, if we compare life expectancy to per capita health expenditures:

Source: Visual Capitalist

Americans spend more money, but do not receive similar results to other countries using the basic metric of life expectancy. Whilst we have fantastic services, like Functional Medicine Clarksville TN for instance, accessibility to these services varies greatly. The chart shows that the divergence started before 1980, and it widens all the way to 2014. While the 2015 statistics are not plotted on this chart, but we know that the healthcare expense in 2015 was 17.5% of GDP, so the divergence is likely to continue to widen.

The conclusion is that while our healthcare spending is considerably higher than in other high income countries, it’s also relatively less effective. If America spent more money and got the same results, we might say that our system is unique, but it produces similar outcomes, so let’s keep it the way it is.

But in fact, Americans on average live shorter lives than people in other high income countries. In fact, life expectancy went down in 2015:

The overall death rate for Americans increased because mortality from heart disease and stroke increased after declining for years. Deaths were also up from Alzheimer’s disease, respiratory disease, kidney disease and diabetes. More Americans also died from unintentional injuries and suicide.

We have a broken political system, one that cannot deal with the root cause of our expensive healthcare, or the fact that our healthcare system simply doesn’t produce the results that others can.

Despite the talk by Republicans about Obamacare being socialized medicine, our system is private, with the exception of the health insurance provided by Medicare and Medicaid. Our insurance companies are private, our physicians (like those at Southwest Care) and providers are private.

By some estimates, the private multi-payer system in the US adds $0.38 for every dollar spent to cover the profits and the discreet management organizations that exist in our multi-payer system. The problem is that there is so much money (over $1 trillion) going to the private players, that they will fight like hell to keep the system as it is.

And they have the lobbying funds available to fight to keep the status quo. Thus, we will continue to deal with excessive costs regardless of no Obamacare, or some jury-rigged GOP Obamacare replacement.

In our Exceptional system, the fact is that even though you pay for health insurance, you are not the actual customer. When you go to the doctor or to the hospital, you are not the actual customer. The Insurance companies are the true customers of the doctors and the hospitals, and for the insurance companies, their shareholders are the true customers.

And before you question the statistics, saying for example, that the US counts infant deaths differently than they do in other countries, the infant death rate in the US is about 0.5% of births, and with about 4 million births in the US that translates into about 20,000 infant deaths. If you remove 20,000 people assigning them a life span of zero, in a country of 320 million people, the overall average life expectancy rises by only 1.81 days (43.4 hours). That is the statistical life span increase assuming we had zero infant deaths. (Please check Wrongo’s math).

Higher infant death rates have virtually no effect on the results shown on the chart.

Remember: Whomever is getting that extra $1 Trillion dollars every year has a trillion reasons why they should keep getting it.

Congress Is Back, And the Revolution Begins!

Here is food for thought from David Weigel of the WaPo: (emphasis by the Wrongologist)

When the 115th Congress begins this week, with Republicans firmly in charge of the House and Senate, much of that legislation will form the basis of the most ambitious conservative policy agenda since the 1920s. And rather than a Democratic president standing in the way, a soon-to-be-inaugurated Donald Trump seems ready to sign much of it into law…

That plan was long in the making. Almost the entire agenda has already been vetted, promoted and worked over by Republicans and think tanks that look at the White House less for leadership and more for signing ceremonies

There is little reason for Republicans to seek bipartisan support for middle-of-the-road legislation. They will simply work as a hive to turn America into Kansas. You remember Kansas, the state that has such a terrible record of job creation and economic growth? Kansas governor Republican Sam Brownback launched the orthodoxy of Grover Norquist and the Koch brothers on the state. And Brownback and Steven Moore who helped Brownback with his disastrous legislative agenda, are both economic advisors to Trump.

We have seen lots of hand-wringing about how to stand up to the Trump agenda that will begin raining down on America on January 20^th.Most calls to action are from single-issue activist groups that lack the resources to get media attention, or to make a difference.

But there is a clear need for collective action on national, state and local levels. And that movement needs a leader.

How about an anti-president? Maybe Bernie Sanders? When Trump governs by tweet, he would be countered by the anti-president. Americans might come to know that, while Trump and company are cutting healthcare, the shadow government led by anti-president Sanders and vice president Warren are passing and signing a national healthcare bill.

When Trump cuts taxes on the rich and corporations, the shadow government is raising taxes on the rich and penalizing corporations that locate overseas to avoid paying tax at home.

When Trump appoints an anti-abortion, pro-Citizens United Supreme Court Justice, the shadow government appoints someone who is for social justice.

This can begin to build a consensus about what Trump is doing wrong.

We don’t have a parliamentary system, but, most Americans have no idea about political theory, or political facts. So, few will realize that a shadow government isn’t consistent with our Constitutional system!

And the new shadow government MUST not contain Pelosi, Schumer, or any of the geriatric Democrats in the House and Senate. That will de-legitimize the effort.

On New Year’s Day, Wrongo and Ms. Right attended a Baroque music concert at an old Congregational church in Washington CT that dates from 1741. Within a beautiful program, we heard a piece by the Italian composer, Domenico Zipoli. Zipoli has an interesting history. He studied with Scarlatti, he became a Jesuit, and worked as a missionary and died in 1726 in Argentina at age 38. Zipoli’s music was a revelation to us. Here is Zipoli’s “Elevazione” for oboe, violin, organ and cello. It was wonderful to hear it in a place with a good pipe organ.

The “elevation” is the point in the Catholic mass when the chalice and host are presented to the congregation. The performance lasts for eight+ minutes, much longer than what Wrongo prefers to present to you, but it is achingly beautiful, so please have patience.

It may be the perfect antidote to the shenanigans we will be seeing from the Trump administration, and we may need to watch it daily for a few months:

It begs the question, why was the 18^th century blessed with so many great composers while the 21^st century was given Justin Bieber?