Distrust of Government – Page 11

Saturday Soother – January 28, 2017

We’ve made it to Saturday, all the while trying to sort through the blizzard of executive orders issued by our Orange Overlord. As we cruise into the weekend, we need to reflect on Sen. Jeff Sessions, Trump’s nominee for Attorney General. The Senate Judiciary Committee will probably vote on the nomination on Tuesday, after which it will go to the full Senate for a confirmation vote.

Wrongo agrees with Charlie Pierce:

At a moment like this one, it simply will not do to have someone in the attorney general’s office who was deemed too racist to be a federal judge 30 years ago. It will not do to have someone in the attorney general’s office who launched a dirty-tricks prosecution of voting-rights activists when he was a U.S. Attorney in Alabama. It will not do to have someone in the attorney general’s office who greeted the gutting of the Voting Rights Act in 2013 by noting that it was “good for the South.”

Pierce says that no (zero) Democrats should vote for Sessions:

There is no room for compromise or horse-trading. The Democratic Party should stand for the expansion of the franchise and for a greater ease in exercising it.

Voting rights will be at risk if Sessions is confirmed. The AG will follow Trump’s lead and focus on a “voter fraud” investigation in the big liberal states and urban areas that do not vote Republican. This is something the right wing has been doing for years. From what Trump said this week to David Muir on ABC, he believes that the problem exists only in places he didn’t win. He told Muir that every one of the alleged 2 million to 3 million illegal votes went to Hillary Clinton.

If it isn’t clear by now, this is a powerful new national campaign of voter suppression coming down the road to a polling place near you. We don’t know at this point who will be heading Trump’s “investigation,” or what form it’s likely to take, but Jeff Sessions is just the man for the job.

We could also tell our Senators that they should not vote to confirm Betsy DeVos and Tom Price, but both will probably get a few Dem votes. Wrongo isn’t arguing for complete resistance as the only response to Trump, but we can’t appoint Sessions.

Will even a single Republican Senator have the backbone to vote against the president’s hand-picked bigot? The prospects are not heartening.

Glad that’s off of Wrongo’s chest. Time to grab a cup of Bengal Spice Chai tea, and mellow out with the Saturday Soother. Today we are going acapella with the University of North Carolina Clef Hangers. They have been around for 35 years, and have released 17 studio-produced albums. Here are the Clef Hangers doing “You Never Need Nobody”, a song by the Brooklyn NY-based The Lone Bellow:

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

First Person Report From the Women’s March

(Below is a guest post from Nicole Dodd, a recent graduate from UC Santa Barbara. She has moved to Washington DC to begin a career in government service. The photos below are ©Nicole Dodd)

“Women’s rights are human rights.” – Hillary Rodham Clinton, 1995

This past Saturday, I was one of almost 500,000 women and men participating in the Women’s March on Washington. From 8 am until well after 8 pm, the streets were crowded with women wearing pink ‘pussy hats,’ carrying indignant signs, and chanting out against our newest president.

The movement was powerful, and greatly exceeded expectations: the Washington March itself had almost 2.5x the amount of people it was projected to have, and the sister marches across the States and the world had incredible turnout. After having seen so many red “Make America Great Again” caps and rioters in the streets just twenty-four hours earlier, I was encouraged to see an influx of pink hats participating in a protest that remained peaceful and could spark a global movement.

From an outside perspective, it may seem that the Women’s March had no direction and no goal. Millions of people took to the streets to protest, but for what? On the Women’s March website, it lists the ‘unifying principles’ of the march: ending violence, reproductive rights, LGBTQIA rights, worker’s rights, civil rights, disability rights, immigrant rights, and even environmental justice. From what I saw, participants in the March held signs that advocated for each of the unifying principles of the March. However, the heart of the matter is this: President Trump was elected without a majority popular vote, and while he has promised to be ‘a president for all Americans,’ his words and actions have proven that he will not.

While January 21^st was an important first step in the fight against the Orange Overlord’s administration, the fight in no way stops here. As a pragmatist, I realize that many women and men will walk away after this weekend thinking that they’ve completed their democratic duty by simply showing up and chanting angrily for a few hours.

Despite this, I am extremely hopeful. Many speakers at the Washington March implored the participants to get politically active. We were told to write our representatives every single day, join and become active in the organizations that we were working to support, and finally, to run for public office. Protesters held signs echoing those same sentiments, urging us to vote and to get involved. To top it off, the Women’s March website published an article outlining what exactly we can do during Trump’s first 100 days to make sure our voices are heard in the Capitol.

In the same way that it is our democratic responsibility to vote in local, state and national elections, it is also our democratic responsibility to peacefully protest and make sure that our representatives are accurately representing our interests. It’s hard to evaluate if the Women’s March will lead to concrete actions – the commitment of the crowd could easily be attributed to mob mentality, and people lose resolve over time. Still, the Women’s March was the largest protest to ever occur over the inauguration of a US President, and that fact cannot go unnoticed. My hope is that, with clear guidance and resources from the Women’s March administrators, the majority of participants in Saturday’s movement will abandon their excuses and take it upon themselves to exercise their democratic rights and responsibilities.

I can promise you that this protester will refuse to sit by idly, and will take action.

My favorite chant from Saturday sums up the movement perfectly: “This is what democracy looks like”. Here are a few photos from the DC March. This one shows size of the crowd:

Sign from person near the Smithsonian:

One of the main purposes of the March was to address reproductive rights:

“I’m with her” sign shows marchers’ solidarity. View towards the Washington Monument:

Monday Wake Up Call – January 23, 2017

After the Women’s March, both Trump and his press bunny, Sean Spicer, said that the numbers of attendees at the Trump Inaugural was the largest of all time. How can Spicer explain this?

Why bother explaining? From Media Matters:

In a surreal turn, White House Press Secretary Sean Spicer tonight denied reality, lashed out at the press for its supposed “shameful and wrong” coverage of the size of the crowd that attended President Trump’s January 20 inaugural festivities, instructed the White House press corps on what they “should be writing and covering,” declared that the administration intended to “hold the press accountable,” and left the briefing room without taking questions

For those who think they can trust Spicer, here are a few more links:

Trump inauguration crowd: Sean Spicer’s claims versus the evidence (Guardian)

White House Disputes Inauguration Attendance Estimates (WSJ)

Trump inauguration draws nearly 31 million U.S. television viewers (Reuters) Absolute numbers were fewer than Obama, better than Clinton and both Bushes.

Trumpism Corrupts: Spicer Edition (Weekly Standard)

With False Claims, Trump Attacks Media on Turnout and Intelligence Rift (NYT)

If Spicer wanted to avoid a confrontation, he could have shut down the discussion by saying that Trump’s supporters had to work on a Monday, because of the terrible jobs situation in America. But he tried ju-jitsu instead.

We should be very concerned about the lying and the angry effort to turn the tables on the press by Trump and his press secretary. They wouldn’t even tell the truth for something that is totally knowable, and then they attacked those who reported truthfully.

It is clear that the Trump administration plans to bully the press until: a) they stop attending press conferences, and/or b) stop digging for the real facts behind any bald-faced Trump administration assertion.

There are just three choices here:

You think lying is wrong
You think lying is OK
You are a hypocrite who moves between options 1 & 2 depending on whether you’re benefiting from the lie, or being harmed by it

The Overlord thinks he has no need to speak the truth, because he can just deny that whatever he disagrees with is true, and have some 20 million of his diehard twitter followers re-trumpet that he is correct.

This is a real threat to democracy! It is looking like Trump will be the Bullshitter-in-Chief, broadcasting a daily smokescreen of “fake news” (formerly, propaganda) while his cabinet of billionaires work to enrich themselves and Trump’s friends, and the Republican Congress tries to turn America into Paul Ryan’s granny-starver version of Ayn Rand’s paradise.

Bush’s and Rove’s “we manufacture our own reality” ultimately failed, and it seems Trump is trying the same thing but with a much weaker hand. We thought that Bush was incompetent and couldn’t do the job, and he was well on his way to proving that when 9/11 happened, and suddenly everyone was “rallying around our president“. Trump would also be seen as a terrific leader by a majority if he was talking through a bullhorn from the top of a pile of rubble.

And Trump won’t miss any opportunities to tweet glowing assessments of his performance. Thus, he has no need to engage in an honest evaluation of anything when a quick, preemptive hit works so well for him.

So time for the press to wake up and flay the Trump administration whenever they dissemble. The press now has a new organizing principle called the quest for truth. Something that has been missing for nearly 30 years.

To help them wake up, here are the Eagles with “New Kid in Town” from their 1976 “Hotel California” album. Released as the first single from the album, the song became a number-one hit in the US. Glenn Frey died late last year. He is missed. Here is “New Kid in Town” in a live version from their show in Washington, DC in 1977 at the old Capitol Center:

Time to hold the new kid responsible for his lying.

Sample Lyrics:

There’s talk on the street, it sounds so familiar.
Great expectations, everybody’s watching you.
People you meet they all seem to know you,
Even your old friends treat you like you’re something new.

Johnny-come-lately, the new kid in town,
everybody loves you, so don’t let them down.

There’s talk on the street, it’s there to remind you
That it doesn’t really matter which side you’re on.
You’re walking away and they’re talking behind you.
They will never forget you till somebody new comes along.

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

Sunday Cartoon Blogging – January 22, 2017

Did everyone remember to turn their clocks back by 50 years last night? The dust has settled on the Women’s March on Washington. The turnout was very impressive, not only in Washington, but in other cities across the US. Let us remember that women protesting ultimately led to them getting the right to vote. They helped bring about civil rights legislation, a minimum-wage, and the abolition of child labor in this country. This is both their right and their obligation.

Women’s March outdraws the Inauguration:

And people said Clinton’s slogan “Stronger Together” was terrible:

What to expect after inaugurating the Overlord:

The torch was passed:

There was a chill in the White House on Trump’s first day:

Most federal regulations exist to implement legislation. Certainly there are regulations that aren’t working as intended, that are more burdensome than needed to address the problem, that prove counter-productive in practice, and so need fixing. But ideologues have no interest in rational governance. Anti-regulatory zeal is like religious dogma to them, but driven by greed.

Trump’s real change is to make Monopoly great again:

Saturday Soother – January 21, 2017

Did Wrongo miss anything yesterday? We had multiple meetings, and thus, no chance to see the “You Bet Your Country” reality show that premiered in DC.

Look on the bright side, there are now only 1,459 days left in the reign of DT, so two things to focus on:

Work hard to save the ACA, and
Remember to toast to the health of Ruth Bader Ginsburg and Stephen Breyer every day.

Today is the Women’s March in Washington DC. Two days in a row of firsts for our Orange Overlord. Yesterday, he was sworn in as the 45^th president. Today, he sees his first mass protest in the form of the Women’s March, and companion marches (600 at last count) around the country and the world.

New York Magazine tweaks the main stream media’s coverage thusly: (brackets by the Wrongologist)

…the media’s treatment of the [women’s] march has been so fretful that you’d be forgiven for thinking that this grass-roots demonstration of hundreds of thousands on behalf of women’s rights is an example of feminism in crisis and disarray.

Whenever there are protests from the left, we’re always adjured that we’re doing it wrong and/or that our “message” is defocused or unclear. Leftwing protests get little coverage in the MSM. Wrongo has observed that when there are rightwing protests, they are typically universally covered by the MSM. Plus their “message” is always described as clear, and unequivocal.

There have been protests at most recent inaugurals, but they have been generally along the parade route, as there were in DC today. The car and trash can burnings made today’s DC protests look more like what we see in European capitals.

What the Women’s March envisions is a protest that creates as much buzz as the inauguration itself. That means the organizers are attempting to create a widespread, and diverse coalition for this event. The hope is: (1) a huge crowd shows up to protest; (2) the protest is marked by its size and the quality of its direct action (without violence); (3) the obvious fissures in the coalition remain unclear to the public until long after the march.

The March on Washington in August, 1963 was one of the largest political demonstrations in American history. The organizing idea was a protest for “jobs and freedom”. You may not remember that John Lewis’s original speech at the March on Washington was highly controversial. Now, 54 years down the road, no one cares, because of the power of Lewis’s personal history, and the fact that the march ultimately led to the passage of the Civil Rights Act of 1964.

The March on Washington was broadcast on TV, because we had not yet become jaded about protests, and the White House was vulnerable from both sides of the racial divide. The Women’s March is only expected to be live-streamed via cell phone. The networks will give us highly edited snippets on the evening news.

The value of these large public protests are in building a more unified opposition movement. Perhaps it will happen this time, although there is a risk that it fizzles like the Occupy Movement did.

The Tea Party began building their national presence with a rally of maybe 7000 people in tri-corner hats, enabled by a few Congress Critters. That was enough for the media to legitimize their birth. Perhaps it will work for the Women’s March: it will become a viable movement only if the commitment to messaging and building a national presence in Congressional districts and statehouses is carried through.

What will be more significant for the future are the state capitol and major city rallies once the protesters leave Washington. Resistance IS the message: The voters did not deliver Trump an overwhelming mandate to do the things his juggernaut is planning to shower on America.

Handled correctly that could make Trump and the GOP vulnerable. The Wrongologist will post a first-person report from an attendee at the Women’s March, on Tuesday.

But today is Saturday, and you need to mellow out a little. Here is something radically different, yet completely familiar. This is the Austrian brass ensemble Mnozil Brass performing Queen’s “Bohemian Rhapsody”. What better tribute to Freddie Mercury? These guys are demonstrably horny and have lots of brass. High energy, and completely entertaining:

https://www.youtube.com/watch?v=NJTIJRoEWPE

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

January 20, 2017 – Trump Inaugural Edition

Today is the Trump Inaugural. So many preparations, and so much detail for the transition team to worry about. From the no stone left unturned department, comes this from the WSJ:

Workers preparing for the Trump Inaugural have taped over the name of the company — “Don’s Johns” — that has long supplied portable restrooms for major outdoor events in the nation’s capital…Virginia-based Don’s Johns calls itself the Washington area’s top provider of portable toilet rentals. But the name apparently strikes too close to home for inaugural organizers.

Too close to Donald John for Donald John Trump? Of course. Somebody placed blue tape over the company name on dozens of portable restrooms installed near the Capitol for the inauguration. The company says they didn’t do it. But, the company’s name is clearly blocked from the TV cameras:

Once Donald J. Trump becomes the 45^th president of the US, he will certainly push the agenda that got him elected. We all will need a way to sort the signal from the noise that we will hear from both his partisans and his opposition (which includes the Wrongologist). When you hear people raising reasoned questions and objections to Trump’s proposed policies, odds are that you’re listening to the kind of dissent that’s essential to our democracy, and you ought to take it seriously. For the kinds of arm-waving, emotional, knee-jerk support (or criticism) that you will hear every day, feel free to ignore that. You will know the knee-jerk stuff, since it will be sung in harmony by all the other partisans. And the media will repeat it often for your consideration.

Wrongo has serious problems with Trump, but is hopeful that his administration will:

Live up to his populist domestic promises, and
Simplify our country’s confusing foreign policy

If he normalizes relations with Russia, extracts us from the messes in Iraq and Syria and if he encourages domestic jobs growth, Wrongo will likely sign up for all of that. If he pushes through a big infrastructure bill that isn’t a wealth transfer to corporations, Wrongo will probably go along with that as well.

Wrongo does not trust Trump or the GOP on health care insurance. He worries that Republicans will throw a number of Americans under the bus, causing a great deal of unnecessary pain.

You can be sure that Trump is going to try to do some terrible things over the next four years, such as appointing ideologues to the Supreme Court. But, Congressional Republicans will clearly attempt far worse things than will The Overlord.

So the terrible fact is, we have to count on Trump to rein in the worst of the GOP’s ideas and instincts.

Needing to trust Donald Trump is enough to frighten anyone.

Trump tweets continually to rally his supporters while simultaneously manipulating the media. It’s unnerving. Saying that Trump is terrifying, while correct, is useless. The most obsessive of his opponents focus on worst-case scenarios that are designed to rally (and raise money from) the anti-Trump troops among us. Sadly, that strategy largely guarantees that the opposition will look disorganized and fragile. It also causes the American center-left to be fragmented issue by issue, and therefore, unable to broadly challenge the GOP, at least in the short run.

The Dems need to coalesce around only the potentially win-able issues. Otherwise, they should “just say no” to any Trump legislation intended to weaken or break our social contract. Sen. Schumer is correct when he says that the GOP needs to own 100% of the pain they cause the average person, whenever they break the contract. Any Democrat that breaks ranks to support issues like cuts to Medicare or privatization of Social Security must be challenged from the left in the next primary.

Democrats did not believe they would be in this political mess. They are trying to find their footing, but establishment Democrats want to simply tweak the message, and stay the course.

However, the battle against Trump and the GOP majority must move from “Republican Lite” to a fight to put social justice and progressivism back on the table as viable options for all Americans.

Otherwise, it will be a precipitous fall from political relevancy for Democrats.

Establishment Democrats who profit from the status quo, have no incentive to come up with an agenda that appeals to people who are suffering because of that status quo. The great weakness of Hillary Clinton’s campaign was that she aimed her appeals at the minority of voters who would benefit from the established neoliberal order, while largely ignoring those who suffered under it.

That decision could cost the Dems for a generation.

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?

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:

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?

Sunday Cartoon Blogging – December 18, 2016

Wrongo had hoped to avoid writing about the Russian email hacking, but it seems that it is all that the pundits will talk about. The argument is that Russia interfered in the US election, and the intervention gave the election to Trump. The drumbeats have gotten louder as Monday’s Electoral College voting looms.

Mainstream TV news anchors are reporting with indignation, and as fact, that Russia (specifically Vladimir Putin) not only sought to influence the US election and promote “doubt” about the whole legitimacy of the US electoral system, but to throw the vote to Donald Trump.

The main accusation by the government is that the DNC and Podesta emails leaked through WikiLeaks were provided by state-backed Russian hackers, while no Republican materials were leaked. The leaked emails seemed to be genuine, since no complaints about the contents were made by the victims of the leaks.

The case against Russia is plausible, but many questions remain. Jeremy Scahill and Jon Schwarz of The Intercept have asked Obama to disclose the government’s secret evidence:

US intelligence agencies have repeatedly demonstrated that they regularly both lie and get things horribly wrong. In this case, they may well be correct, but they cannot expect Americans to simply take their word for it.

The current debate about Russia’s possible hacking is plagued by innuendo similar to what we saw in the McCarthy era. There is a disturbing trend emerging that dictates that if you don’t believe Russia hacked the election or if you simply demand evidence for this tremendously significant allegation, you must be a Trump apologist or a Soviet agent.

Wrongo is neither. The growing lack of trust in government and news media means that few of us know what to believe. It will take facts to make a case that this isn’t just more fake noos. Even if a few CIA or NSA secrets are made public.

Putin needs a password: