Banana Republic – Page 8 – The Wrongologist

Preparing for Trump

Yesterday was Super Tuesday. The results will tell us lots about the state of the Democratic Party, but despite the outcome on Tuesday, Democrats have a variety of issues worth thinking about heading into the general election this November. In this primary cycle, Democratic primary voters just aren’t showing up. Democrats in 2016 primaries are only voting at two-thirds of the rate that they did eight years ago. All told, about 1.18 million Democrats across those first four states went to the polls in 2008. Just under 870,000 showed up this time. That’s 26% fewer voters engaged.

But, you’d think that Sanders, who’s message is a political revolution, could energize the disaffected in great numbers, but it just hasn’t happened. Perhaps it is the right message, but the wrong messenger. And no evidence of a “political revolution.”

Yet Trump is doing just that. GOP turnout in primaries is up 24% over 2008. It is a safe bet that if The Donald is the GOP nominee, there will be a big Republican turnout in November.

There are other concerns: With the Sanders vs. Clinton contest, the Democratic Party is also at risk of imploding, right along with the GOP in its tussle with Trump.

Sanders is seen as unusually honest for someone who’s been a politician for much of his life, and he advocates a refreshingly anti-establishment view on core issues that matter to an increasing number of Americans. These include American militarism, Wall Street bailouts, a two-tiered justice system, the prohibitive cost of college education, healthcare insecurity and a “rigged economy.”

OTOH, Hillary is committed to a third Obama term and incremental change. She has been forced by Sanders to move left, and is paying lip service to some of his issues. Once the general election season begins, it is likely that Hillary will be the candidate for America’s political status quo, vs. the radical alternative of Donald Trump.

Bernie’s supporters understand this, and may or may not go compliantly into the voting booth to elect Hillary, despite the terrifying prospects of a Trump presidency.

Tea Party Republicans understand that the GOP Establishment offers them little. And more and more rank and file Republicans have come to the same conclusion, which is precisely why the GOP nomination is now Trump’s to lose.

Democrats are teetering on the same precipice. The Dem Establishment, this time represented by Hillary, offers weak tea. The Sanders wing could easily sit this one out, and by late summer, when polls show that Hillary is in a death struggle with a political novice, political pundits will be tripping over each other to write about the death of the Democratic Party.

Democrats are in a bind. They want progressive politics, but offered by an Establishment leader.

Dems are always looking for that. In 2008, they selected Obama because he represented change and empowerment for average people over Hillary, the Democratic Establishment candidate. People wanted something new and different. Obama’s presidency wasn’t a failure, unless Democrats accept nothing less than ideological purity from their presidents.

Or, look back at recent presidential elections. Oh the glee among Democrats in 2001 when GWB won the nomination. It was gonna be a cakewalk for Mr. Democratic Establishment Al Gore. Gore did win the popular vote, but lacked an influential brother in Florida. With Establishment candidate John Kerry in 2004, his vote for the Iraq war was his downfall. How do you run successfully against an incumbent when you agreed with the incumbent’s major disaster? Saying you were “for it before you were against it” was an epic fail. Kerry never figured that out, and lost.

The 2008 election was easy for not-quite Establishment Obama, since the GOP was badly wounded by the GWB administration and GOP Establishment McCain lacked the personal horsepower to defeat him.

If 2016 is an Establishment Clinton v. an anti-establishment Trump, some of the Establishment GOP may choose sit it out. There is a small possibility they could go full anti-McGovern, as Establishment Dems did in 1972. If anti-establishment Sanders is the nominee, the GOP Establishment will find a way to make a deal with Trump, and the Dem Establishment probably won’t do enough to prevent Sanders from losing.

If the US economy hits a rough patch before November (and there are several reasons to expect that), Clinton as the Establishment nominee could be dead meat. Sanders, OTOH, could end up a stronger candidate because of it. We also need to remember that Donald Trump is not an ideologue. He brings no core convictions to the table, other than ego, so he will continue to say whatever works with his fans.

Will a Trump win kill America? That depends on whether our country’s immune system, that body of informed citizens who are engaged, and who bother to vote, can effectively fight the infection.

Angry Men Now a Political Force

The spin after the SOTU was about how angry voters are, and the political opening that creates, despite the genuine good news on the economy. Here is Mr. Obama from the SOTU:

Most of all, democracy breaks down when the average person feels their voice doesn’t matter; that the system is rigged in favor of the rich or the powerful or some narrow interest.

We can’t change the fact that some people are angry, but this article from the Washington Monthly by Andrew Yarrow points to some stunning facts about how men in particular have been left by the wayside of American life:

At least 20% of the nation’s 90 million white men have been pushed to the sidelines, either retreating or storming out of the mainstream of American life. They are not the men you see at work, who play with their children, go out with their wives or partners, are involved in their communities, and earn a living to save for their children’s education and their own retirement. What they do doesn’t register in…the gross domestic product…

Yarrow continues:

We know that they are out there. But they don’t fit old stereotypes of failure, so we’ve had trouble coming to grips with who they are or naming the problem. Parts of their stories have garnered significant attention, but we don’t see that what have been treated as separate problems are closely related.

Here are a few statistics from the article that merit your attention:

• Today, fewer than seven out of ten American men work; in the 1950s, nine out of ten worked.
• Since the 1970s, inflation-adjusted incomes for the bottom 80% of men have fallen, with the most dramatic declines occurring among the bottom 40%, most of whom do not have a college education.
• Today, just half of men are husbands; in 1960, three-fourths of men were married.
• As Barack Obama leaves office, only two out of three children live with their fathers; when John Kennedy was elected President, nine out of ten children lived with their fathers.
• Today, 43% of 18-to-34-year-old American men live with their parents (compared to 36% of millennial women); in 1960, about 28% lived at home.
• There are 36% more women in college than men, whereas in 1970, there were about 35% more men than women in college.
• Men are 50% less likely to trust government than women.
• In recent years, there has been a roughly 20-point gender voting gap, with white men being much more likely not only to vote for Republicans but to express disillusionment and anger toward government; until about 1980, men and women voted roughly evenly for Democrats and Republicans.

The point is that a lot has gone wrong for many white men, a demographic that once was the epitome of privilege and high expectations. And while politicians discuss stagnant wages, broken families and inequality, few notice, much less talk about the probable linkages between these issues and the impact of angry males on our politics.

Some may be thinking that this is a manufactured issue. After all, men still out-earn women, and they still hold most of the CEO and board–level jobs. And none of this white male angst should obscure the continuing struggles of women and people of color, including men of color. African-American and Latino men have had it worse than white men for a very long time.

But we ignore any group’s anger at our peril. The Bundy Brigade’s antics in Utah and Oregon is just one recent example. Many men are mad as hell, and their anger is often turned on scapegoats: Government in the case of the Bundys; Muslims, immigrants, African Americans, and Latinos in the case of others.

In 2016 we are seeing several presidential candidates feeding from the trough of this anger. Playing to the inchoate anger of a sizable minority of white men who have been benched economically, or who simply left the field, is a dangerous demagoguery, one that only benefits the demagogues.

Can You Trust Your Local Government?

Citizens are supposed to be able to trust their elected governments, local, state and national. But, surveys show that Americans have very little trust in government. In fact, an October 2015 Pew Study shows that only 19% trust the federal government “all or most” of the time.

This brings us to Flint Michigan. Flint’s citizens have been drinking, cooking and bathing in poisonous water.

The decision to expose Flint residents to known risks of lead poisoning were made by an unaccountable “emergency manager” who was installed by the governor, Republican Rick Snyder, in order to solve the fiscal problems created by the city’s declining tax base.

In April 2014, Flint’s emergency manager, in order to save money, directed the water company to begin drawing water from the Flint River rather than from Detroit’s water system, which was deemed too costly ($1.5 million/month). But the river’s water was high in salt, which helped corrode Flint’s aging lead water pipes, leaching lead into the water supply.

Problems were apparent almost immediately: The water started to smell like rotten eggs. Engineers responded to that problem by increasing the chlorine level. GM discovered that city water was corroding engines at their Flint factory and switched sources.

Then children and others started getting rashes and falling sick. Marc Edwards, a Virginia Tech environmental-engineering professor, found that the water had nearly 900 times the recommend EPA limit for lead particles. Yet as late as February 2015, even after tests showed dangerous lead levels, officials were telling residents there was no threat.

But in September 2015, two independent studies found that the lead levels in Flint’s water were absurdly high, and in October, 2015, Flint once again began buying water from Detroit.

On January 5th, 2016, Governor Rick Snyder declared a state of emergency due to lead in the water supply. The same day, the US Department of Justice announced that it is investigating what went wrong in the city. Several top officials have resigned, and Snyder apologized. But that’s cold comfort for Flint residents, particularly children, who are being poisoned by lead, which can cause irreversible brain damage and affect physical health.

And it could cost $1.5 billion to fix the problem, a staggering sum for a city struggling financially like Flint. Worse, six months ago, Rick Snyder’s Chief of Staff knew about it and expressed concern:

These folks are scared and worried about the health impacts and they are basically getting blown off by us (as a state we’re just not sympathizing with their plight).

So, the Flint story is hands down one of the worst abuses of government power in a long time. Money took precedence over people’s health. An unaccountable emergency manager who in a possibly well-intended effort to save the city $1.5 million a month in water fees, changes the source to the Flint River. In December 2014, a city employee tested the water of a woman whose son had gotten a rash after swimming in a pool.

He found that the lead level in her water was 104 parts per billion, about seven times greater than the lead level the EPA deems “actionable.”

BTW, Michigan voters repealed the Emergency Manager Law in 2012, but the Republican-controlled state legislature then passed a more far-reaching, emergency-manager law, one that could not be repealed.

So, what conclusions can we draw? Could the failure in Flint be used by conservatives to say?

See? You can’t even trust government to provide you with clean water anymore. We need to privatize the water company right now!

Or, the really damning take away is the emergency manager tried to save some money in a way that actually requires more money be spent, but did it anyway, apparently after being told about the problem, which poisoned people!.

OTOH, the fine citizens of Michigan re-elected Mr. Snyder, who took away the democratically elected team in Flint, and granted power to his appointed Publican. But the voters are not to blame. It is one thing to accept some right-wing economic BS, or to be too lazy to vote.

The penalty for either of those shouldn’t be that your government poisons you and your children.

St. Ronnie told us government was the problem, not the solution. And Rick Snyder’s cost-cutting steps seem to prove Ronnie was right (at least if government is run by the GOP).

It is hard to care about “Islamic terrorism” when your government knowingly poisons your city’s water supply in order to save money (in the short term).

And what is the criminal penalty for 10,000 cases of child endangerment?

Los Estados Banditos

Today, let’s consider the bombshell dropped by the Wall Street Journal. Apparently the NSA spied on the efforts of the Netanyahu government to ~~purchase~~ win support in Congress when they were considering approval of the Iran Nuclear Deal. A US intelligence official familiar with the intercepts said Israel’s pitch to undecided lawmakers often included such questions as:

How can we get your vote? What’s it going to take?

There’s more. The Hill reported: The NSA helped the White House figure out which Israeli government officials had leaked information from confidential US briefings our government gave to the Israelis:

The NSA’s snooping allegedly found Netanyahu and his aides leaked details of the negotiations gained through Israeli spying, coordinated talking points with Jewish-American groups against the deal and asked those lawmakers who were undecided on the deal how it could get their vote…

So, the WH knew that the NSA was spying on both Netanyahu and certain Congress critters. Some will say that the Executive Branch was spying on Congress. But there are two other ways to look at this.

• The NSA was spying on an ally, which we have done in the past (Merkel, Hollande).
• And that spying revealed that members of Congress were apparently working with Israel.

Either way, some in DC will be outraged. In fact, Rep. Devin Nunes, (R-CA) has already started an investigation into the allegations in the story. That is hilarious, since that spying is authorized by NSA procedures, procedures that Rep. Nunes has said are more than adequate to protect the privacy of US persons. You know, in his role as Chairman of the House Permanent Select Committee on Intelligence. From Emptywheel:

If NSA’s minimization procedures are inadequate to protect US persons, the first thing Nunes should do is repeal [the] FISA Amendments Act, which can expose far more people than the tailored…tap placed on Bibi…

However, you could also return to the basic question from last fall: Why are members of Congress working to help a foreign government derail a major foreign-policy initiative of the US? And be outraged yourself.

This is the reason that allowing lawmakers’ communications to be incidentally collected is such a risk — because it inevitably collects details about the legislative process. That can also disclose an untoward quid pro quo by foreign governments to members of Congress. Finding that is within the purview of the Executive branch’s mandate.

Maybe more privacy protections, including for Members of Congress, are needed. But wiretapping the communications with foreign leaders is solidly within the parameters of Congressionally-approved NSA spying, even if it incidentally collects information about members of Congress. Congress itself has deemed these actions may sometimes be important to protect the US.

And didn’t Congress approve all of this spying to catch terrorists? Or, was it just to get intelligence to assist our drone attacks. Or, to assist in the war on drugs, so that we can play catch-and-release a few more times with El Chapo. The problem is, when you build an intelligence gathering system this big and this technologically capable, it will inevitably intrude into domestic politics. Or vacuum up not-so-innocent information that is incidental to its intended target.

As for surveillance of members of Congress, surely everyone in Congress knows how that game works, THEY VOTED TO IMPLEMENT IT!

There’s a substantive difference between direct surveillance of members of Congress, and surveillance of a foreign ambassador’s reporting back to his government about communications with those Members.

If Nunes, et. al were simply trying to hang on to the remnants of our Constitution like the rest of us poor schlub voters, maybe the poutrage would be understandable.

2015 Is On The Run

Time to put our boot on the throat of 2015:

COW New Year

Perhaps Toles means “shred of dignity”. It was certainly an indecorous year.

News you can’t use:

The Onion’s 2015 Year in Review. This sends 2015 off with all due respect.

2015 in mass shootings (Rolling Stone). There have been 353 mass shootings in the US to this point, according the Mass Shooting Tracker, a crowd-sourced database. (The tracker defines a mass shooting as one in which at least four people are killed or wounded; the FBI uses three dead or wounded as its criteria.)

10 of the Worst Cable News Moments of 2015 (MoJo). We’ve barely survived another 12 months of cable news. Mother Jones gives you a few of the best of the worst the M$M had to offer in 2015.

Lower Jobless Claims Don’t Point to A Robust Labor Market (WSJ). less than 15 million American made first-time requests for government assistance this year, about half as many claims as were made in 2009, and far fewer than the number filed during the 1980s and 90s when the economy was expanding at a strong clip. The greatest concern in the labor market isn’t those who recently lost their jobs, it is the persistently large number out of work for months or years, and those stuck in low-paying and part-time jobs.

Heavily redacted Benghazi emails released on Christmas Eve (The Hill). Politicians release bad news on slow news days because they think the opposition isn’t listening, but the GOP ALWAYS listens to Hillary.

Meet a Koch-like family working to influence State Legislatures (Political Research Associates). The DeVos family (Amway) is one of the most influential families in conservative politics. Though they share the Kochs´ commitment to corporate welfare, the DeVoses also promote a Christian Right cultural and social agenda.

Sunday Cartoon Blogging – December 13, 2015

(This is the last column until Thursday 12/17. Wrongo and Ms. Right are in San Francisco. Talk amongst yourselves, keep hands inside the blog at all times.)

The hits keep coming! The San Bernardino killings continue to reverberate in our psyches. People are scared beyond what should be reasonable, given the statistics about killings by Islamic terrorists. The Paris climate agreement is signed, but what will it really do? The Supreme Court considered affirmative action again, with predictable BS from both sides. Trump continues, and Rahm Emmanuel looks to be on the wrong side of justice in Chicago.

Here come the same tired solutions once again:

COW Tom Tomorrow 2

It’s Trump’s world, but so few can live in it:

COW Trump World

Chicago’s mayor finally decides to get rolling on solving the problem:

COW Rahm Truck As mayor, he sat on that video for over a year. He had to know, because the $5 million payment to the victim’s family didn’t come from petty cash at the Chicago PD. He was the chief architect of the cover-up. And he needs to go.

Justice Scalia again covers himself with glory:

COW Scalia Bad Thing

Won’t matter what Paris says about climate change:

COW Climate Change

Is The Second Amendment Now a Security Threat?

San Bernardino brings to the front burner an ignored reality of our open society: Bad guys (and gals) don’t need to use bombs or planes to cause terror in the US; they can use small arms fire in a crowded place. And Mr. Obama, in his Sunday speech, underlined that America was indeed attacked by terrorists, using guns that anyone can purchase at Wal-Mart and thousands of other stores.

This creates an issue for the Second Amendment absolutists. Last week, the epidemic of gun violence in the US transcended being just another crime. Now, it’s become a matter of national security.

Mr. Trump and the other GOP presidential nominee wanna-be’s have been pandering to the fear that terrorists could be among us, in sleeper cells, waiting to spring an attack. In effect, they are saying, “all you terrorists, off my lawn!”

But, American voters know that any terrorist, Atheist, Christian or Muslim, can go shopping for guns and ammo, and then be ready to get busy terrorizing. Now it HAS happened here.

And it is a paradigm shift from our efforts to make America safe from terrorists that fly planes into buildings. No matter the size of a 9/11-type catastrophe, we would be crippled emotionally but not economically. But, imagine what the economic consequences would be of a series of attacks on shopping malls (or supermarkets) around Christmas. Who would be brave enough to shop?

An amendment before the Senate last Thursday would have enabled the US Attorney General to deny the issuance of firearms to known or suspected dangerous terrorists, like those on the terrorist watch list.

But Senate Republicans voted against it, and the amendment was defeated. The Republican position is that any citizen has a right to their day in court before those rights can be suspended. Fair enough, but there are only about 8,400 American citizens on the list, so there must be a bigger GOP agenda at work here to torpedo the watch list amendment.

Republicans understand that Democrats could use this vote against them in 2016. They must know that as much as they think that they stand to gain politically from a fearful public, there will be more Planned Parenthood type shooters, and that ANY terrorist attack will be even more proof of the need for gun control as a matter of national security.

If voters can accept the “national security” arguments for limitations on the 2nd Amendment, maybe gun control has a better chance of limiting use of weapons in public places than we think. Perhaps, banning those on the terror watch-list from acquiring guns, an assault rifle ban, and large-capacity magazine ban would make even Republicans feel safer.

From David Atkins at WaMo: (brackets and emphasis by the Wrongologist)

[We have] already made a number of concessions to the clear wording of the 1st and 4th Amendments in the name of national security. The 2nd Amendment is explicit about its call for a well-regulated militia. It’s beyond time that if we as a people are going to be serious enough about stopping terrorism to invade countries halfway around the world…and set up…a mass spying agency against ourselves, we at least take seriously the imperative to regulate the terrorists’ latest weapon of choice…

A major problem is that the meaning of the 2nd Amendment has already been decided by the Supreme Court. SCOTUS has ruled that there is an individual right, unconnected with association with a militia, to possess firearms in the home for purposes of self-defense and that right applies to state regulations as well as federal regulations.

So, walking back recent Supreme Court decisions will be tough. How tough? Well, here is a video of Justice Scalia saying that rocket-propelled grenades (RPGs) are probably permitted under the 2nd Amendment:

(those who read the Wrongologist in email can view the video here)

RPGs. A weapon of choice for terrorists. And Scalia thinks it is ok for Americans to own them. Think this guy is going to vote to limit the 2nd Amendment? Doubtful.

Of course, with 300+ million guns already in circulation, it will take decades for gun control to impact public safety, so why even try to do it?

Yet, you can bet that in a few weeks, some Christian we fail to call a terrorist, will shoot up a mosque. After all, how far are we from: “if you see something, shoot something?”

Then we can read these arguments all over again.

Sunday Cartoon Blogging – Moar Terror, Moar Gunz Edition

The argument has already started: “They were Arabs, and no amount of gun control would have stopped them.” The OMG, they were Muslim Terrorists (!!) yelp obscures two problems: America has 300+ million guns in the hands of 320 million citizens. We’ve allowed guns to become ubiquitous. Second, the vast majority of American deaths from guns do not involve Muslims. The NYT reports that there’s been a mass shooting of four or more people in America every day in 2015. Including San Bernardino, a total of 462 people have died and 1,314 have been wounded in such attacks this year. Republicans tell us that this is the cost to water the Tree of Liberty.

Wrongo has no problem with gun ownership. If people wish to own guns for hunting or self-defense, fine. If people hunt for food, fine. If they hunt for sport, they should examine their consciences, to see if they can find one.

But no one needs dozens, much less scores of guns. No one needs semi-automatic, or worse, automatic weapons, other than to kill lots of their fellow citizens. You can defend your house nicely with a pump-action shotgun with ‘00 buckshot. You don’t need a 30-round magazine and a semi-automatic AR or AK rifle. The legitimate reasons to have a gun are:

• You are a cop
• You are registered in an organized, regulated militia
• You hunt for food
• You feel the need for home protection.

These purposes can be accommodated within a framework of reasonable laws. But unlike freedom of speech, or assembly, or religion, where most people see rational limits for other Constitutional rights such as: you can’t threaten a person’s life and claim a 1st Amendment privilege, or form a lynch mob. But, when it comes to the 2nd Amendment, people make the most extreme demands for freedom to own any weapon.

We cannot stop terrorist attacks on our soil. Despite our federal surveillance and the training of local police, more attacks are coming. It only takes a few people to pull off such attacks, weapons are easy to obtain in the US, and the materials to make explosives are everywhere.

We will see more virulent Islamophobia, and more restriction of immigration. What we won’t see is more restrictions on who/how many guns people can own, despite the fact that we could make it more difficult for those who want to commit these atrocities.

One shooting victim we’d like to see:

In other news, it’s beginning to look a lot like Trump:

New poll has The Donald at 36% among Republicans:

The Zuckerberg donation: A good thing, or a PR thing?

Climate Talks

The climate is speaking to us, but is anybody listening? Here is what the climate is telling us:

50% of Forest Bird species will go extinct in 50 years
99% of Rhinos gone since 1914
97% of Tigers gone since 1914
90% of Lions gone since 1993
90% of Sea Turtles gone since 1980
90% of Monarch Butterflies gone since 1995
90% of Big Ocean Fish gone since 1950
80% of Antarctic Krill gone since 1975
80% of Western Gorillas gone since 1955
60% of Forest Elephants gone since 1970
50% of the Great Barrier Reef gone since 1985
40% of Giraffes gone since 2000
40% of ocean phytoplankton gone since 1950
70% of Marine Birds gone since 1950
97% – Humans & Livestock are now 97% of land-air vertebrate biomass, while 10,000 years ago humans were just 0.01% of land-air vertebrate biomass
1,000,000 – The number of humans, net, that are added to earth every 4½ days

But, you gotta admit, antibiotic resistant germs are doing really, really well!

Now, maybe you accept climate change as a reality. Or, you may be a climate change skeptic, or a climate change denier, but no one should misunderstand what the climate is telling us. Slowly, the world is seeing more greenhouse gases being emitted into the atmosphere, destroying ecosystems and encouraging global warming. The greenhouses gases can be caused by many different things, however, a lot of the earth’s greenhouses gases comes from various industrial businesses that burn hydrocarbon fuels. Some of these businesses have been asked to pay carbon tax as a result. The money from this tax gets contributed towards fighting climate change. Hopefully, more businesses will realize the impact they are having on the world and will look to lower the amount of carbon dioxide that they emit.

And, given the above, shouldn’t activists on all sides be discussing what can be done to stop the decline in flora and fauna? There cannot be a more important global problem that needs solving. Even Mr. Market should be working to help solve the die-off of species. Yet, we haven’t heard any ideas from him.

Here’s an idea: Getting human population growth and global GDP growth under control must be job one. Income inequality shouldn’t automatically prompt politicians to make calls for ever higher GDP growth, so that trickle-down will help the masses, since growing our way out of the die-off of species isn’t a viable long-term strategy.

You’d think politicians and economists would be asking: “Do we need to rethink our entire conceptual framework about population and economic growth?” Well, they aren’t interested in that thought.

They offer the same old thinking, just rearranged. If you want a Thanksgiving metaphor, your dinner plate is filled with turkey, dressing, mashed potatoes, and cranberry sauce. And you take your fork and mix them all up, but they’re still the same. Even when you put gravy over all of it, it’s still not new. But it looks new, if somebody doesn’t think too carefully about what’s behind the new analysis.

Here is a view of the political divide on global warming in the US from The Economist:

And the NYT reported that on Tuesday, Republicans undercut Mr. Obama’s pledge at the Paris Climate Summit by approving two measures that Obama is sure to veto. The vote was largely along party lines. After the votes, Sen. John Barasso, (R-WY) said: (brackets by the Wrongologist)

While the president is at this climate conference, the American people [believe] that [his pledge] has a very, very low priority…

When Republicans in the Senate think the American people see climate change as a low priority when the poll above says they actually think its a pretty big deal, you know why we can’t get at solutions to the die-off of species.

Isn’t it curious that intelligent, educated conservatives denigrate climate change and its consequences, as some kind of phony science? They must see that there are plenty of business opportunities, and fortunes to be made as a result of climate change. This would normally have their hearts all aflutter at the chance to put their money behind a few disruptive innovations. But they have no interest, and are simply standing pat on the problem.

They are not alone. The Economist says the climate change just ain’t a big issue globally: (emphasis by the Wrongologist)

A giant opinion-gathering exercise carried out by the UN finds that people in highly developed countries view climate change as the tenth most important issue out of a list of 16 that includes health care, phone and internet access, jobs, political freedom and reliable energy. In poor countries-and indeed in the world as a whole-climate change comes 16th out of 16.

It’s beginning to look like a few billion lemmings are just gonna follow their reproductive organs off a cliff.

And even if a few of today’s lemmings think they’re doing something new, for all of them together, well, things look grim.

Monday Wake Up Call – November 30, 2015

Today’s wake up is for the American worker. While you were sleeping, corporate executives were piecing together an economy and associated tax regulations that allowed them to become America’s oligarchs.

The Center for Effective Government just came out with a study of CEO retirement funds. You already know the conclusion, but you didn’t know the facts:

• The 100 largest CEO retirement funds are worth a combined $4.9 billion. That’s equal to the entire retirement account savings of 47 million American families
• Nearly half of all working age Americans have no access to a retirement plan. The median balance in a 401(k) plan at the end of 2013 was $18,433, enough to generate a monthly retirement check of $104.

In addition, 73% of Fortune 500 firms have also set up special tax-deferred compensation accounts for their executives. These are similar to the 401(k) plans that some Americans have through their employers. But average workers face limits on how much pre-tax income they can invest each year in similar plans, while the plans the F500 provides to their top executives do not. They are free to shelter unlimited amounts of compensation in their retirement funds where their money can grow tax-free, until retirement.

But for the average employee? The GAO says that 29% of workers approaching retirement (aged 50-65) do not have pension or retirement savings in a 401(k) or IRA. While according to a study by the Schwartz Center at the New School, 55% of those aged 50-64 will be forced to rely solely on Social Security (which averages $1,233 a month).

The current rules mean that if CEO’s slash worker retirement benefits, they can boost corporate profits and thereby, stock prices. And since much of executive compensation is tied to the company’s stock price, these rules (and company practice) create a powerful incentive for CEO’s to choose their pocketbooks over those of their employees.

We are talking about market power. The CEO’s and their firms have little to fear from Mr. Market. In turn the rising wealth at the top buys growing political influence, through campaign contributions, lobbying, and the rewards of the revolving door between government jobs and those in the private sector. Political influence in turn is used to write the rules of the game—the tax laws we are speaking of here, antitrust laws, deregulation, union-busting—all in a way that reinforces income concentration.

The result is a feedback loop between political power and market power that created, and now maintains, a vicious circle of oligarchy.

Well, time to wake up from a snooze that allowed our politicians and the largest corporations and their CEOs to turn our country and economy into their private sandbox.

To help with today’s wake-up, here is Rage Against the Machine, the gone but not forgotten band, with Zach de la Rocha on vocals and the superb Tom Morello on guitar. They are performing “No Shelter”, written in 1998:

https://www.youtube.com/watch?v=6NEoesmnYU4

Sample Lyrics:
Empty ya pockets son, they got you thinkin’ that
What ya need is what they selling
Make you think that buying is rebelling
From the theaters to malls on every shore
Tha thin line between entertainment and war

Chained to the dream they got ya searchin’ for
Tha thin line between entertainment and war

There be no shelter here
Tha front line is everywhere
There be no shelter here
Tha front line is everywhere

American eyes, American eyes
View the world from American eyes
Bury the past, rob us blind
And leave nothing behind

Just stare
Just stare
Relive the nightmare

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

The Wrongologist

Geopolitics, Power and Political Economy

Category: Banana Republic