Categories
Criticism Domestic issues The Opinionsphere

Don (George) Will Tilts At Imaginary Liberals

Just then they came in sight of thirty or forty windmills that rise from that plain. And no sooner did Don Quixote see them that he said to his squire, “Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them. With their spoils we shall begin to be rich for this is a righteous war and the removal of so foul a brood from off the face of the earth is a service God will bless.”

“What giants?” asked Sancho Panza.

“Those you see over there,” replied his master, “with their long arms. Some of them have arms well nigh two leagues in length.”

“Take care, sir,” cried Sancho. “Those over there are not giants but windmills. Those things that seem to be their arms are sails which, when they are whirled around by the wind, turn the millstone.”

George Will – my favorite columnist – had a stunningly wrong-headed column this weekend on the Fairness Doctrine. I certainly would expect him to dislike the long-vanquished doctrine.

What I wouldn’t expect was for Will to write an entire column to refute a straw man argument used merely to bash liberals. Will constantly invokes what liberals want to do regarding this – but cites not a single one in his piece. In fact, Marin Cogan of The New Republic was unable to find any congressperson pushing legislation to this effect or any liberal policy wonks promoting a return to the Fairness Doctrine.

Will though manages to be an expert on what these anonymous liberals think:

And these worrywarts say the proliferation of radio, cable, satellite broadcasting and Internet choices allows people to choose their own universe of commentary, which takes us far from the good old days when everyone had the communitarian delight of gathering around the cozy campfire of the NBC-ABC-CBS oligopoly. Being a liberal is exhausting when you must simultaneously argue for illiberal policies on the basis of dangerous scarcity and menacing abundance.

If reactionary liberals, unsatisfied with dominating the mainstream media, academia and Hollywood, were competitive on talk radio, they would be uninterested in reviving the fairness doctrine. Having so sullied liberalism’s name that they have taken to calling themselves progressives, liberals are now ruining the reputation of reactionaries, which really is unfair.

Next up would be George Will’s column on how Net Neutrality would be like a Fairness Doctrine for the internet.

Matt Yglesias summed up this Fairness Doctrine controversy best a few weeks ago:

Political movements mischaracterize the other side’s general goals all the time. But I’ve never heard of anything like the current conservative mania for blocking a particular legislative provision that nobody is trying to enact.

Categories
Barack Obama Domestic issues Economics Election 2008 Energy Independence Financial Crisis Green Energy Politics The Opinionsphere

The Generation That Sucked

[digg-reddit-me]With apologies to all those Baby Boomers I know – I, of course, don’t mean you.

There is something so very right about trashing the Baby Boom generation. Tom Friedman – a member of said generation – suggests a few names in his column on Sunday:

“The Greediest Generation?” “The Complacent Generation?” Or maybe: “The Subprime Generation: How My Parents Bailed Themselves Out for Their Excesses by Charging It All on My Visa Card.”

Barack Obama himself wrote in The Audacity of Hope:

In the back and forth between Clinton and Gingrich, and in the elections of 2000 and 2004, I sometimes felt as if I were watching the psychodrama of the baby boom generation — a tale rooted in old grudges and revenge plots hatched on a handful of college campuses long ago.

Perhaps this passage is what led Andrew Sullivan to describe Barack Obama’s candidacy (back when he was a long shot) as America’s only chance for a much needed truce in the long civil war fought by the Baby Boom generation:

…the most persuasive case for Obama has less to do with him than with the moment he is meeting. The moment has been a long time coming, and it is the result of a confluence of events, from one traumatizing war in Southeast Asia to another in the most fractious country in the Middle East. The legacy is a cultural climate that stultifies our politics and corrupts our discourse.

Obama’s candidacy in this sense is a potentially transformational one. Unlike any of the other candidates, he could take America—finally—past the debilitating, self-perpetuating family quarrel of the Baby Boom generation that has long engulfed all of us. So much has happened in America in the past seven years, let alone the past 40, that we can be forgiven for focusing on the present and the immediate future. But it is only when you take several large steps back into the long past that the full logic of an Obama presidency stares directly—and uncomfortably—at you.

At its best, the Obama candidacy is about ending a war—not so much the war in Iraq, which now has a mo­mentum that will propel the occupation into the next decade—but the war within America that has prevailed since Vietnam and that shows dangerous signs of intensifying, a nonviolent civil war that has crippled America at the very time the world needs it most. It is a war about war—and about culture and about religion and about race. And in that war, Obama—and Obama alone—offers the possibility of a truce.

The point of all of this is that the Baby Boom generation was quite terrible. While the “Greatest Generation” tackled a Great Depression and won a World War, and then came home and created an age of prosperity and the United Nations – and then, by the late 1950s and early 1960s, fought for and won civil rights, finally erasing the official discrimination against African Americans that had blighted America since it’s inception – the Baby Boomers – the children of the Greatest Generation – started an American civil war, focused initially on Vietnam, and then later on the role of government, on abortion, and on religion’s place in public life. While these are worthy issues to argue about, the culture war of the Baby Boomers kept them from tackling many of the urgent challenges of their day – from global warming to infrastructure deterioration to America’s place in the world. As the Baby Boomers entered adulthood, their national cohesion that was evident in the Greatest Generation dissolved into squabbles and then by 1968, into a virtual civil war.

Since the 1960s, America has failed to invest in our roads, our utilities, our energy infrastructure; America’s dependency on foreign oil was demonstrated in the 1970s, yet we did nothing and blamed it on Jimmy Carter’s bad leadership; at the same time, a radical brand of extremist Islam began to grow – and our government encouraged it, seeing it as a tool to use against the Soviet Union; some two decades ago, global warming was accepted as a fact by the greatest majority of scientists, yet we have failed to take any significant steps.

Instead, since the late 1960s, we have fought and re-fought the war over the war in Vietnam. What happened in the rice paddies and jungles of that nation are almost irrelevant to the culture war. What is remembered is where people stood while they were here. John Kerry served with distinction, but spoke against the war when he came back – forever putting him on the liberal side of the war. Dick Cheney got one deferment after another, avoiding serving at all – yet he was enthusiastic about the war as long as he himself wasn’t fighting, making him a conservative. John McCain was captured and came home a hero and George W. Bush served stateside in a cushy National Guard unit for the sons and daughters of those politicians influential enough to prevent their children from serving – yet both are equally conservative because they both were annoyed at the hippies protesting. Barack Obama was only a boy, but as Sarah Palin never failed to mention, he served on a charitable board with someone who decided to fight an insurgency against the American government to oppose the war – which by association made Obama a far-left radical. Much less important than what these Baby Boomers actually did is how they felt about the war.

It is possible to determine with a great degree of accuracy whether a Baby Boomer is a Democrat or Republican simply by asking their position on a war that ended almost forty years ago. Those who protested the war and stood against it took one side in the culture war; those who supported the war took the other side. As a rule, the Democrats – Kerry, Clinton, Gore – were against the war. The Republicans – Bush, McCain, Cheney – were for it. (This was despite the fact that it was “the best and the brightest” under Democrats John Kennedy and Lyndon Johnson who started the war.)

The obvious problem is that these divisions are barely relevant anymore.

The Baby Boomers pissed away the prosperity their parents bequeathed to them and squandered the opportunities presented to them – and now are busy using their children’s future earnings (our future earnings) to buy their way out of the mess they have created. They avoided the challenges of their times and found people to blame. They focused on OJ Simpson, Britney Spears, Madonna, and Monica Lewinsky – on abortion, Vietnam, gays, and religion – and not on global warming, on campaign finance, on the corruption of our political process, on an overleveraged economy.

After decades of avoiding systematic problems – as the solutions became embroiled in the ongoing culture war – we now must face them. With two wars in the Mid-East, a failing world economy, a growing threat of catastrophic terrorism, and whatever else may come our way, procrastination is impossible. Now it’s time for us to try to salvage this wreck.

That’s what the 2008 election was really about. And that’s our challenge. It remains to be seen if we’re up to it.

Categories
Barack Obama Domestic issues Economics The Opinionsphere

The Biggest Decision Obama Will Make

Friedman:

The Obama presidency will be shaped in many ways by how it spends this stimulus. I am sure he will articulate the right goals. But if the means — the price signals, conditions and standards — that he imposes on his stimulus are not as creative, bold and tough as his goals, it will all be for naught. In sum, our kids will remember the Obama stimulus as either the burden of their lifetime or the investment of their lifetime. Let’s hope it’s the latter.

I think Tom Friedman understates matters here (which is unusual for him). Aside from some unexpected crisis (which of course is likely), Barack Obama’s presidency will not merely be “shaped” by how it spends this stimulus – but it’s historical significance will be determined by how it spends it. As David Brooks reccomended last week, channeling David Porter of Harvard Business School: “do nothing in the short term that doesn’t serve a long-term goal.”

Health care. Green energy. Energy infrastructure. Transportation infrastructure. Education. Barack Obama has laid out clear goals in all of these areas except the latter.

A crisis is always a time of opportunity – for mischief or ill gains if used exploitively; for needed reform if used wisely. Coming into office, Barack Obama will have more opportunity than any president – I would argue – in history. What Obama is able to accomplish with this opportunity will be his legacy.

Categories
Foreign Policy National Security Politics

Middle-Class Murmers

In the aftermath of the Mumbai attacks, Somini Sengupta of The New York Times reported:

…there were countless condemnations of how democracy had failed in this, the world’s largest democracy. Those condemnations led Vir Sanghvi, a columnist writing in the financial newspaper Mint, to remind his readers of 1975, when Prime Minister Indira Gandhi imposed emergency rule. Mr. Sanghvi wrote, “I am beginning to hear the same kind of middle-class murmurs and whines about the ineffectual nature of democracy and the need for authoritarian government.”

I’m not sure what to make of the fact that Indians began to question their government – and indeed democracy itself – as a result of these attacks while in the aftermath of September 11, Americans rallied around our government and our president and ignored the obvious indications of incompetence.

But it certainly is significant.

Categories
Barack Obama The Web and Technology

The Serendipitousness Effect

I noticed over the weekend my site was getting a bunch of visitors from a site called wa6n.net. Curious, I followed the trackback (A poorly translated version here.) Apparently wa6n.net is a bulletin board registered in America by someone in the United Arab Emirates. With the poor quality of the translations and a lack of understanding of the background, it’s hard to see what type of site this is. There are arguments over whether Saddam Hussein is a martyr; there are arguments over whether Obama truly means to withdraw from Iraq; there are calls for revolution in the name of Allah.

And – here’s where my site comes in – a member of the forum posted a picture of Obama answering a phone upside down intending to ridicule him – a picture that was emailed around during the past year. This actually starts what seems to be a brief argument as the other members of the forum dispute the picture, and in the end, the matter seems resolved when someone posts links to – among other places, my blog – where the authenticity of the photo was challenged.

What I thought was noteworthy was the amount of interest in Obama on this discussion forum. Many of the members of this discussion forum even seemed somewhat sympathetic to Obama, though they did not believe he represents a true break from an American foreign policy they strongly oppose.

Looking through that forum, to the extent that Google Translate was able, was like some accidental insight into a world I would not ordinarily come across.

It is this type of serendipitousness that makes the internet so transformative.

Categories
Barack Obama Domestic issues Economics Energy Independence Environmental Issues Financial Crisis Green Energy Humor Videos

The Detroit Investment Group

[digg-reddit-me]Jon Stewart pointed out against last night how non-constructive the political debate regarding the bailout of the Big Three Automakers has been:

Clearly, politicians are applying a double standard. But I think the hypocrisy is worse than Stewart suggests – because the product financial companies are supposed to be creating is profit with the risks associated thoroughly managed and quantified. Their product has proved to be far more defective than the cars produced by the Big Three, as the financial products have not just malfunctioned, but acted as a virus spreading the failures around to everyone.

Stewart previously pointed out how the first story regarding the bailout of the Big Three focused almost exclusively on the method of transportation used by the CEOs of the auto companies to get to hearing instead of any substantive issues. The real controversy has barely been discussed:

Corporations, whose primary purpose is to amass wealth by any means available for their owners (and who always manage to simultaneously amass wealth for the managers) cannot be trusted with public money. There is no public purpose to such profit-making. The public value of a corporation comes from it’s incidental activities – the means by which it is able to amass it’s profits. By bailing out General Motors, the government would be giving it’s money away for no public purpose. But the government does serve a public purpose by keeping General Motors’ factories churning out cars – by keeping people employed, by providing stability, by keeping the economy going and producing usable items.

Within that distinction lies the difference between outrageous abuse of taxpayer funds and a valid public purpose. The more difficult question is how to avoid the abuse while serving the purpose. [edited slightly from my original]

Which is why I think a bailout should be postponed – to attempt to find the least worst of all the options – rather than to cause great problems with hasty solutions. If the automakers won’t survive without an instant cash infusion though, the government needs to step in one way or another.

Michael Moore described his common sensical solution to this whole mess earlier this week:

1. Transporting Americans is and should be one of the most important functions our government must address. And because we are facing a massive economic, energy and environmental crisis, the new president and Congress must do what Franklin Roosevelt did when he was faced with a crisis (and ordered the auto industry to stop building cars and instead build tanks and planes): The Big 3 are, from this point forward, to build only cars that are not primarily dependent on oil and, more importantly to build trains, buses, subways and light rail (a corresponding public works project across the country will build the rail lines and tracks). This will not only save jobs, but create millions of new ones.

2. You could buy ALL the common shares of stock in General Motors for less than $3 billion. Why should we give GM $18 billion or $25 billion or anything? Take the money and buy the company! (You’re going to demand collateral anyway if you give them the “loan,” and because we know they will default on that loan, you’re going to own the company in the end as it is. So why wait? Just buy them out now.)

3. None of us want government officials running a car company, but there are some very smart transportation geniuses who could be hired to do this. We need a Marshall Plan to switch us off oil-dependent vehicles and get us into the 21st century.

Moore’s solution seems like what was done with the railroad industry in the 1970s – when it was taken over by the government, revamped, and then privatized again. I think Moore’s almost got it right. But not quite. Moore’s solution seems very 20th century – like India’s Five Year Plans or other centralized, government-sponsored attempts to solve large problems. Instead, I think Moore could take a lesson from Nassim Nicholas Taleb, the philosopher, economist, and former hedge fund manager who has been explaining the underlying weakness of our financial markets since he made a killing in the 1987 crash. Taleb understands that if you put a bunch of geniuses in charge, you might get something great. But as he points out, the truly game-changing developments happen by accident. The computer, lasers, the internet – all of these innovations have accidentally changed the world in a way that could not be anticipated. He refers to this type of game-changing development as a Black Swan.

And a Black Swan is exactly what Michael Moore, Barack Obama, and the rest of us know we need to jump start the green energy industry. The best way to catch a Black Swan in Taleb’s parlance is to tinker.

In that spirit I propose to create a government-affiliated entity, the Detroit Investment Group (DIG). ((Dig.gov is not being used by any government agency at the moment.))  DIG would be a modern-day government intervention in the market that would take inspiration from the Tennessee Valley Authority (especially it’s regional focus), the Manhattan Project (it’s think tank aspect), NASA’s moon shot (in the specificity of it’s goal and it’s timeline), and the Department of Defense (in how it creates incentives for inventors to create new technologies with the promise of contracts.)

Government intervention is necessary as the marketplace has failed to invest in the long-term development of green energy. This tendency of the market to focus on short-term profits over long-term projects has certainly been revealed to be a significant flaw in our current economic structure, as, for one common example, corporate managers seek instant profits which lead to huge bonuses and leave before the long-term effects of their actions hit. Not knowing how to fix this tendency to focus exclusively on the short-term, a government agency can create incentives within the market to focus on long-term issues that are essential to our nation’s security and stability. This would be the purpose of DIG – to supplement the market rather than to impose it’s own hierarchical structure.

DIG would be given goals and rules rather than a typical bureaucratic organization. It’s goals would:

  1. To spur the creation of new green technologies and a green energy industry in America; and
  2. To rejuvenate Detroit and the surrounding areas.

To accomplish both of these goals, DIG would make Detroit the place to go for green industry – the way Silicon Valley is for computer technology. DIG would not have a specific method of encouraging green industry – but would use an infusion of cash and people to tinker and innovate and generate solutions. It would need quite a number of tools to spur this growth and innovation:

It would need the authority:

  • To offer government contracts to license green technologies or buy green products;
  • To sponsor a think tank of top experts in various fields to come up with technologies;
  • To offer prizes for creating products that meet certain benchmarks or accomplish certain ancillary goals;
  • To have input into a cap-and-trade program not managed by DIG;
  • To buy companies with worthwhile technologies or resources (including General Motors for example) and continue to operate them.

The point is – DIG would try everything. It’s task would not be to follow certain procedures, but to achieve it’s goals. It would be structured in such a way as to create market incentives and to centralize planning – on two alternate tracks – and let each influence the other. If this problem is fixable, then DIG would unleash the money and human resources to find the fix – and it would be agnostic about the ideology of it’s solution.

It is, in short,  a very Obama-esque approach to the problem.

Categories
History Humor

Profane Fun With History

Cracked.com recreates the story of how Leon Trotsky died, along with 6 other historical figures who were hard to kill:

While Trotsky was home reading some shit, Mercader buried an ice axe into the back of his skull.

This just pissed Trotsky off.

He stood up from his desk, axe in head, and spit on Mercader. Then he went after the assassin, wrestling with him. Trotsky’s bodyguards heard the commotion (where the fuck were they a few minutes ago?) and came running in to subdue the assassin and get Trotsky to the hospital.

Trotsky made it to the hospital and underwent surgery before finally dying a day later from complications related to being brained with a goddamn ice axe. We’re hoping he lived long enough to fire those bodyguards.

Categories
Barack Obama Humor

Fear in the GOP Caucus

GOP Congresswoman Ileana Ros-Lehtinen hung up on Obama twice yesterday. She reportedly told the startled Obama – while hanging up on him – that she was sure this was a prank. A call from Chief of Staff, Rahm Emmanuel, failed to convince her Obama was trying to reach her; same for a call from Chairman Howard Berman, who she knew personally. She finally realized she this wasn’t a prank after she challenged Berman to describe a story only the both of them would know, and he was able to.

Obama was reportedly “amused” when he called back again and she did not hang up.

Ironically, it was the fear of looking foolish that made Ros-Lehtinen look especially foolish.

Categories
Economics Financial Crisis The Opinionsphere

Whiplash Markets

From Barbara Kiviat of Time magazine via Matt Yglesias:

Here’s a look at some different time periods the number of days the S&P 500 has moved up or down more than 5% during the trading day:
1950-2000: 27 days
2000-2006: 7 days
Jan. 1-Sept. 30, 2008: 20 days
Since Oct. 1, 2008: 22 days

This data suggests a follow-up:

  • Is the real economy moving that much faster just this past year? or
  • Are financial markets responding to new data that much faster? or
  • Are the financial markets untethered from the real economy?

I don’t know that anyone knows the real answer yet.

Categories
Catholicism Humor Morality

A Cartoon Rejoinder

Some people are unable to step out of themselves to see what how what they say looks to others.

Which is why this priest should take a minute to read this short cartoon.

It’s not as if the guy doesn’t have a point – but as the Deity once said, take care to remove the log from your own eye before attempting to remove specks from the eyes of others.