Cowardice From Almost Everyone in Washington, DC

John Judis was one of the few people among the punmditocracy who opposed the Iraq war.

On the 10^th anniversary of the war he reveals that dozens of people in the military and defense establishment opposed it too, but were afraid to say so:

In the six months before the American invasion of Iraq in March 2003 and the six weeks after the invasion (culminating in George W. Bush’s “Mission Accomplished” speech), I often compared my situation in Washington to that of Jeannette Rankin, the Montana congresswoman and pacifist who voted against entry into both World War I and II.  Not that I would have voted against declaring war in 1941; the comparison was to her isolation, not with her isolationism.

There were, of course, people who opposed invading Iraq—Illinois State Senator Barack Obama among them—but within political Washington, it was difficult to find like-minded foes. When The New Republic’s editor-in-chief and editor proclaimed the need for a “muscular” foreign policy, I was usually the only vocal dissenter, and the only people who agreed with me were the women on staff: Michelle Cottle, Laura Obolensky and Sarah Wildman. Both of the major national dailies—The Washington Post and The New York Times (featuring Judith Miller’s reporting)—were beating the drums for war. Except for Jessica Mathews at the Carnegie Endowment for International Peace, Washington’s thinktank honchos were also lined up behind the war.

………

I found fellow dissenters to the war in two curious places: the CIA and the military intelligentsia. That fall, I got an invitation to participate in a seminar at the Central Intelligence Agency on what the world would be like in fifteen or twenty years. I went out of curiosity—I don’t like this kind of speculation—but as it turned out, much of the discussion was about the pending invasion of Iraq. Except for me and the chairman, who was a thinktank person, the participants were professors of international relations. And almost all of them were opposed to invading Iraq.

In early 2003, I was invited to another CIA event: the annual conference on foreign policy in Wilmington. At that conference, one of the agency officials pulled me aside and explained that the purpose of the seminar was actually to try to convince the White House not to invade Iraq. They didn’t think they could do that directly, but hoped to convey their reservations by issuing a study based on our seminar. He said I had been invited because of my columns in The American Prospect, which was where, at the time, I made known my views opposing an invasion. When Spencer Ackerman and I later did an article on the CIA’s role in justifying the invasion, we discovered that there was a kind of pro-invasion “B Team” that CIA Director George Tenet encouraged, but what I discovered from my brief experience at the CIA was that most of the analysts were opposed to an invasion. (After Spencer’s and my article appeared, I received no more invitations for seminars or conferences.)

I had a similar experience when I talked to Jon Sumida, a historian at the University of Maryland, who specializes in naval history and frequently lectures at the military’s colleges. Sumida told me that most of the military people he talked to—and he had wide contacts—were opposed to an invasion. I confirmed what Sumida told me a year or so later when I was invited to give a talk on the Iraq war at a conference on U.S. foreign policy at Maryland. A professor from the Naval War College was to comment on my presentation. I feared a stinging rebuttal to my argument that the United States had erred in invading Iraq, but to my astonishment, the professor rebuked me for not being tough enough on the Bush administration.

John Judis was right about the war, of course, and so were the people that he talked to.

The difference is that Judis got a whole sh%$ sandwich for telling the truth, and they did not.

On a matter like this, this makes them cowardly punks, and if someone were to call them traitors, I would not object.

H/t Brad Delong.

What Took You So Long?

The guy in charge of Hispanic outreach for the Republican National Committee in Florida has quit and joined the Democratic party, saying that the bigotry is too much to bear:

Friend,

Yes, I have changed my political affiliation to the Democratic Party.

It doesn’t take much to see the culture of intolerance surrounding the Republican Party today. I have wondered before about the seemingly harsh undertones about immigrants and others. Look no further; a well-known organization recently confirms the intolerance of that which seems different or strange to them.

Studies geared towards making – human beings – viewed as less because of their immigrant status to outright unacceptable claims, are at the center of the immigration debate. Without going too deep on everything surrounding immigration today, the more resounding example this past week was reported by several media outlets.

A researcher included as part of a past dissertation his theory that “the totality of the evidence suggests a genetic component to group differences in IQ.” The researcher reinforces these views by saying “No one knows whether Hispanics will ever reach IQ parity with whites, but the prediction that new Hispanic immigrants will have low-IQ children and grandchildren is difficult to argue against.”

I will repeat my question, "What took you so long?"

H/t C&L.

Climate Change Denial in a Single Animated GIF

This graphic pretty much covers it.

H/t AmericaBlog.

Not Enough Bullets………

It turns out that there is a scam going on at Disney World, wealthy mothers are hiring handicapped people to masquerade as family members to allow their kids to cut in line:

They are 1 percenters who are 100 percent despicable.

Some wealthy Manhattan moms have figured out a way to cut the long lines at Disney World — by hiring disabled people to pose as family members so they and their kids can jump to the front, The Post has learned.

The “black-market Disney guides” run $130 an hour, or $1,040 for an eight-hour day.

“My daughter waited one minute to get on ‘It’s a Small World’ — the other kids had to wait 2 1/2 hours,” crowed one mom, who hired a disabled guide through Dream Tours Florida.

“You can’t go to Disney without a tour concierge,’’ she sniffed. “This is how the 1 percent does Disney.”

The woman said she hired a Dream Tours guide to escort her, her husband and their 1-year-old son and 5-year-old daughter through the park in a motorized scooter with a “handicapped” sign on it. The group was sent straight to an auxiliary entrance at the front of each attraction.

I wonder if moral turpitude is a reason to call in child protective services, because these kids are going to grow up to completely f%$#ed up sociopaths if they stay with those parents.

So Not a Surprise

CNN's Jake Tapper has discovered that the emails leaked to the press on Benghazi were altered to make the State Department (Hillary Clinton) look worse:

CNN has obtained an e-mail sent by a top aide to President Barack Obama about White House reaction to the deadly attack last September 11 on the U.S. diplomatic compound in Benghazi, Libya, that apparently differs from how sources characterized it to two different media organizations.

The actual e-mail from then-Deputy National Security Adviser for Strategic Communications Ben Rhodes appears to show that whomever leaked it did so in a way that made it appear that the White House was primarily concerned with the State Department's desire to remove references and warnings about specific terrorist groups so as to not bring criticism to the department.

………

Whoever provided those accounts seemingly invented the notion that Rhodes wanted the concerns of the State Department specifically addressed. While Nuland, particularly, had expressed a desire to remove mentions of specific terrorist groups and CIA warnings about the increasingly dangerous assignment, Rhodes put no emphasis at all in his e-mail on the State Department's concerns.

The context of the e-mail chain is important.

Different officials from different agencies were going through iterations of talking points for Congress.

As the inestimable Marcy Wheeler notes, this has David Petreaus' finger prints all over it:

It has taken three days for the bleating press corps in DC to wade through the roll-out of Benghazi talking point emails and realize that the tension behind the emails — as has been clear from just days after the attack — is that Benghazi was really a CIA, not a State, Mission, and therefore CIA bears responsibility for many of the security lapses. So State, in making changes to the emails, was making sure it didn’t get all the blame for CIA’s failures.

………

They might have also said, “since February, people tied to CIA’s mission have twice been harassed by militia members, suggesting our OpSec was so bad they knew we were in Benghazi.”

………


They might also have said that the “trusted” militia, February 17 Brigade, trained by David Petraeus’ CIA, whose career legacy is based on false claims of successfully training locals, appears to have allowed the attack to happen (and, critically, delayed CIA guards from heading to the State mission to help).

Note that Congressman Frank Wolf is just now showing some interest in why CIA’s vetting of the militia central to the mission’s defense was so bad. Maybe if CIA had included that detail in their self-serving initial talking points, Congress would have turned to this issue more quickly, particularly since we’re currently training more potentially suspect militias in Syria.

In other words, the story CIA — which had f%$#ed up in big ways — wanted to tell was that it had warned State and State had done nothing in response (which, perhaps unsurprisingly, is precisely the story Darrell Issa and Jason Chaffetz are trying to tell). The truthful story would have been (in part) that CIA had botched the militia scene in Benghazi, and that had gotten the Ambassador killed.

………

David Petraeus, who tried and failed to get his preferred spin of the attack in Benghazi accepted by the Obama Administration, who subsequently got fired, purportedly for f%$#ing and possibly sharing classified information with his mistress, went to Dick Cheney’s propagandist to try to get his preferred spin adopted after the fact.

This is a classic example of why we should not give too much power and influence to our intelligence agencies: When they are the master, rather than the servant, their primary mission is covering up their own f%$#-ups, not providing good intelligence.

No Blogging Tonight

Feeling rather ill.

Posted via mobile.

The Cat Has a Name!

Remember when I asked for help naming our new kitten?

Well, it turns out that I did not need to.

Yesterday, I discovered his name.

We were packing to go to an SCA (medieval recreation) event, and the kitten was sitting on our comfy chair.

My daughter Natalie put down a quiver of arrows on the chair, and the kitten promptly began chew on the leather case.

I scowled at the cat, and barked the following instruction to my Daughter:

Natalie, get the arrows away from DESTRUCTO!

There was a brief stunned paused from the assembled family, and then we all looked at each other, and we realized that we had named the cat.

There was much rejoicing.

Matt Taibbi Gets Owned by Thomas Friedman

We live in a strange world.

There are very few things that I depend on, but brilliantly crafted takedowns of Thomas "The Mustache of Stupidith" Friedman by Matt Taibbi is one of them.

Recently, he held a reader to, "Come Up With the Ultimate Thomas Friedman Porn Title, " and notwithstanding some fine entries by his readers, Thomas Friedman won the contest with his recent column, "This Ain't Yogurt."

I can only conclude the Friedman was aware of Taibbi's effort, and he took appropriate action:

The winner, of course, is Thomas Friedman himself, whose very next column after this contest was announced was entitled, "This Ain't Yogurt."

"Jesus F%$#ing Christ," noted a friend, impressed. "This Ain't Yogurt is more obscene than anything a mere commentator could think of."

"He took your contest," noted another "friend" of mine, "and shoved it right up your poop-chamber."

"Friedman's revenge," chirped a reader.

"Tom Friedman – human masterpiece machine," commented a fourth. "Matt Taibbi, Suck On This. Grab some bench, rook."

(%$# mine)

Tom Friedman, just this once, I take my hat off to you.

What a Repulsive Exercise in Truth Telling

In the UK, an adviser for the (Conservative Party, what a surprise) Prime Minister has said that the recession is a good thing because it pushes wages of ordinary people down:

The prime minister's adviser on enterprise has told the cabinet that the economic downturn is an excellent time for new businesses to boost profits and grow because labour is cheap, the Observer can reveal.

Lord Young, a cabinet minister under the late Baroness Thatcher, who is the only aide with his own office in Downing Street, told ministers that the low wage levels in a recession made larger financial returns easier to achieve. His comments are contained in a report to be published this week, on which the cabinet was briefed last Tuesday.

Young, who has already been forced to resign from his position once before for downplaying the impact of the recession on people, writes: "The rise in the number of businesses in recent years shows that a recession can be an excellent time to start a business.

"Competitors who fall by the wayside enable well-run firms to expand and increase market share. Factors of production such as premises and labour can be cheaper and higher quality, meaning that return on investment can be greater."

A Downing Street spokesman said Young was merely stating a "factual point and nothing else". But the comments were described as "appalling and ill-timed" by union leaders, with job-market figures due out next week expected to show that the initial resilience of employment has faded while wages are being severely tightened.

If they said this in public, they would never serve in public office in ever again.

It's nice though that someone was willing to leak this to the press.

He's already been let go once by David Cameron for saying that ordinary folks "never had it so good" during the recession because of low rates, but they let him back in.

My guess is that this troll will be back again.

Kewl

Rainbow in Havre de Grace:

Posted via mobile.

This is the Best Car Ad Ever!

This is hysterically funny!

It's Bank Failure Friday!!!

And here they are, ordered, and numbered for the year so far.

11. Pisgah Community Bank, Ashville, NC
12. Sunrise Bank,Valdosta, GA

Full FDIC list

And here are the credit union closings:

6. Lynrocten Federal Credit Union, Lynchburg, VA

Full NCUA list

Something odd is going on.  In the past 3 weeks, the number of banks failures have more than doubled. 

So, here is the graph pr0n with last years numbers for comparison (FDIC only):

I Was Not Expecting This

After she quickly signed onto the mortgage deal, I had pretty much written off California AG Kamala Harris as doing anything useful in consumer protection.

I may have been premature in my judgement:

California Attorney General Kamala Harris is on a roll. There’s been a fair bit of media coverage about abusive debt collection practices, particularly in credit cards, but at least until Harris filed a suit on Thursday against bank miscreant JP Morgan (hat tip Deontos), surprisingly little action.

Because the amounts are usually much smaller than in mortgages, banks have incentives to play fast and loose if they think they can wring some extra blood out of the turnip of an overextended consumer. But the result often goes well beyond just improperly submitting information to the court. JP Morgan and other banks have been accused of trying to collect on debt where they have the amounts wrong, where the debt was discharged in bankruptcy, or where the consumer was never notified an action was underway. And when the debt is sold to debt collectors, the same problems with inaccuracy of information, invalidity of the debt, and abuse of the legal system multiply.

………



Harris mentions over 100,000 dubious lawsuits filed between January 2008 and April 2011 and contends that the illegal conduct extends from “pre-lawsuit correspondence” to the validation and papering up of debt sold to third parties.

The interesting bit is how the suit is framed. The defendants are the JP Morgan holding company plus two business units, as well as an unnamed “DOES 1 through 100, inclusive” where the AG intends to obtain their names and capacities. This raises the specter that she intends not only to sue other firms (such as the law firms that were Chase’s arms and legs) but individuals at Chase and its agents. And this is where it gets fun (click to enlarge):



Each defendant for each violation. We have 100,000+ violations at Chase, with at least three entities involved, each a separate defendant. And if she can get the individuals who were supervising the robosigning operations (better yet, the C level execs ultimately responsible) and the complicit law firms, she might bankrupt some well placed people. This could be extremely entertaining.

Well, it could be entertaining for a few months, but I'm not getting my hopes up.

Still, this is more than I expected from Harris when she rushed to sign onto the mortgage sellout.

Obamacare Seems to be Working in Oregon

In Oregon, they have up exchanges that allow people to easily compare standard insurance policies, and as a result, premiums are falling:

This is what competition looks like: One health insurer wants to charge $169 a month next year to cover a 40-year-old Portland-area non-smoker. Another wants $422 a month for the same standard plan.

The new health insurance marketplace envisioned by federal health reforms doesn't formally kick in until fall. But it already is taking shape – and consumers for the first time can compare, premium by premium, identical plans by different insurers.

Soon they'll be able to compare benefit-by-benefit as well.

On Thursday, a comparison of proposed 2014 health premiums became public online, causing two insurers to request do-overs to lower their rates even before the state determines whether they're justified.

The unusual development was sparked by a comparison that used to be impossible because plan benefits varied so widely. But under the federal reforms that take effect Jan. 1, health insurance is mandated and every insurer must offer certain standard plans.

Good, but somehow, I do not think that it's going to last.

Expect to see an orgy of mergers and acquisitions, and inventive ways to collude to follow.

H/t John Aravosis.

Pakistani Court Makes Ruling Our Court Should Make

Beginning to think that we are the bad guys

It has ruled that US drone strikes are ‘War Crimes,’ and ‘Absolutely Illegal’:

A high court in Pakistan has found that United States drone strikes carried out in Pakistan by the CIA are war crimes, which are “absolutely illegal” and a “blatant violation” of Pakistan’s state sovereignty.

The decision comes in a lawsuit filed by the Foundation for Fundamental Rights (FFR), a legal charity in Islamabad, which sued the Pakistan government for failing to protect its own citizens from US drone strikes. The suit was filed in May 2012 on behalf of victims of a drone attack that occurred in North Waziristan and killed more than fifty people.

Of course, it won't effect the actions of our government.

Laws are for the little countries, don't you know, so we don't care.

Krugman is Right

He notes that whatever Mark Sanford failings are, he better represents the political views of the district.

So basically, SC-1 is a place full of f%$#ed up evil people, and Mark Sanford represents them.

Signs of the Apocalypse

It's a start

Fox News Host Megyn Kelly noted that people on her show were tilting too much toward Republicans:

Fox News host Megyn Kelly admitted on Wednesday that the conservative network's coverage of that day's Benghazi hearings had been a "little lopsided" after Democratic lawmakers were repeatedly cut off for commercial breaks.

Following opening statements, Fox News aired all of the questions House Oversight Committee Chair Darrel Issa (R-CA) had for the witnesses he had called, but the network cut to former United Nations Ambassador John Bolton for reaction when Rep. Elijah Cummings (D-MA) began presenting his questions.

Will wonders never cease.

This Is Corrupt

It may not be enough for a review of his tenure, but the fact that, "Senior associate dean for executive programs and a professor in the practice of management at the Yale School of Management," Jeffrey Sonnenfeld is calling criticism of JP Morgan CEO Jamie Dimon a witch hunt without revealing that he was a paid consultant for JP Morgan. (See his Yale bio here, I was pointed to it by a commenter on his OP/ED.)

I wonder what the extend of his pecuniary interest is here.

Even if it's a small fee, it would certainly help with his consulting sideline to shill for a CEO. Look at the list on his bio. It's more than 30 big-name clients.

Maybe this is why he calls shareholder objections to Dimon's performance a "lynch mob."

My guess is that he is angling to get a gig at HP, because he also gushed about, "Meg Whitman to continue executing a brilliant turnaround strategy."  (Gag me with a spoon)

When someone suggests that business management schools can manage their own ethics education, have them explain to you why, given the repeated undisclosed conflicts of interest in the field (and in economics departments as well), that we can trust them to get this right.

Hed of the Day

PLAGUE of SEX CRAZED MONSTER GRASSHOPPERS to hit East Coast

From El Reg, of course.

It's Jobless Thursday

God news again, with initial claims falling by 4000 to 323,000, a 5-year low, with the 4-week moving average falling to 336,750, continuing claims falling by 27K to 3.01 million, and exgtended claims falling by 14.5K to 1.76 Million.

Props to Gawker for This Trenchant Analysis

Neetzan Zimmerman at Gawker wonders why, "CNN Can't Stop Giving Jon Stewart Stuff to Make Fun Of." Honestly, so do I:

Standing in the parking lot outside the courthouse, Ashleigh Banfield and Nancy Grace appeared on a split-screen via satellite to discuss the proceedings.

But, as their backdrop soon revealed, the two talking heads were actually in the very same parking lot, six whole parking spots away from each other, according to an Atlantic Wire analysis.

Well, either that, or as Stewart suggested, viewers were witnessing Arizona's fabled "seven-mile long Bus Ness Monster."

………
Stewart has every reason to complain about CNN's lack of professionalism, but if they ever did get their sh%$ together, his show would be half as long.

I think that this is a bit strong.  While CNN makes Jon Stewart job easier, I think that his show would still work without them.

Oops

Following the latest Benghazi wankfest, the ranking member of the Senate Foreign Relations Committee has said that he is OK with the administration's response:

Senate Foreign Relations Committee Ranking Member Bob Corker (R-TN) said Wednesday that he's "fairly satisfied" with the Obama administration's account of events that led to the deaths of American diplomats in Benghazi last year.

"We need to know were these people culpable or not. If they were, why are they still on the payroll? Other than that, I've been able to read all the cables. I've seen the films," Corker told MSNBC. "I feel like I know what happened in Benghazi. I'm fairly satisfied."

Someone is not sticking to the script.

I wonder when Rush is going to take him to the Woodshed.

I'm Matthew Saroff, and I Approve of this Grandstanding

Elizabeth Warren has proposed a bill that would set student loan rates at the same percentage as what the Federal Reserve offers to the too big to fail banks:

Students taking out government loans to help pay for college should pay the same rock-bottom interest rate that the Federal Reserve charges big banks, Sen. Elizabeth Warren (D-Mass.) proposed Wednesday.

With the interest rate on federal student loans set to double to 6.8% this summer, Warren said it's unfair that big banks can borrow money at 0.75% from the central bank's discount window.

"In other words, the federal government’s going to charge interest rates nine times higher than the rates they charge the biggest banks -- the same banks that destroyed millions of jobs and nearly broke the economy," Warren said in introducing her first stand-alone bill since taking office in January.

"That isn't right," she said.

………

Warren acknowledged that the Fed's policy, which also includes a near-0% federal funds rate, is designed to help boost the economy by providing cheap credit.

But, she said, "our students are just as important to the economic recovery as our banks."

"Let's face it: Banks get a great deal when they borrow money from the Fed," she said. "In effect, the American taxpayer is investing in those banks. "

"We should make the same kind of investment in our young people who are trying to get an education," Warren said.

This is cheap pandering.

Even worse, it's never gonna see the floor of the Senate.

That being said, someone needed to ask the question why the rest of us do not get the deal the banksters do.

Tru Dat

Mark Sanford Wins. Time to Start Ignoring Him Again.

Funny of the Day

By Jonathan Chait, of all people, comments on the Hobson's choice for Virginia Governor between batsh%$ insane wingnut Ken Cuccinelli and poster child for money driven soulless hack Terry McAuliffe, and he makes a pretty good funny:

The most depressing election in America is unfolding in Virginia, where voters will trudge to the polls this fall to choose either Republican nutjob Ken Cuccinelli or soulless Democratic hack Terry McAuliffe as their next governor. We know why Republicans picked Cuccinelli — he’s crazy, they’re crazy, it’s the sort of perfect match that regularly produces nominees like Todd “legitimate rape” Akin and Richard Mourdock.

Just how McAuliffe managed to clear the field is harder to explain. McAuliffe is a House of Cards character, only less articulate. Unlike most soulless hacks, he did not obtain his position through years of greasy pole climbing — he’s a novice in electoral politics whose only real power base is Beltway insiders. McAuliffe is the Democrat Democrats have been dying to vote against, except they can’t, because he’s running against a falling-off-the-right-edge-of-the-map Republican. (It’s a testament to McAuliffe’s visceral loathsomeness that he’s starting off with a ten-point deficit against Crazy Ken Cuccinelli, in a state Barack Obama won twice.)

He then goes to list 5 worse choices.

I won't spoil it, I'll just tell you number 5 on his list: Godzilla vs. Mothra.

Just read it.

Wankitude from Bloomberg

Yes, they are reporting about the panic in Japan because the aggressive action by their central bank has caused mortgage rates to skyrocket:

Bank of Japan Governor Haruhiko Kuroda’s stimulus policies are backfiring in the housing market, where mortgage rates are rising even as the central bank floods the financial system with cash.

While 35-year home-loan costs rose one basis point to 1.81 percent this month from an all-time low of 1.8 percent in April, any increase will be undesirable for the BOJ, according to Mizuho Securities Co. Federal Reserve Chairman Ben S. Bernanke’s monetary easing almost halved 30-year U.S. mortgage rates since 2008 to 3.35 percent on May 2.

Yes, one whole basis point (0.01%), and government debt rose by 4.5 basis points (0.045%).

Obviously, Abenomics, the idea of explicitly targeting increased inflation to attempt to defeat a decades long deflationary spiral, is a complete failure, after only 5 months, because interest rates rose by one basis point.

Anyone have a sense that this news organization has been determined to write this story since December, and used this as an excuse to push their agenda?

H/t Tim Duy's Fed Watch.

Crap.

Just heard that Mark Sanford defeated Elizabeth Colbert Busch in the special election for SC-1.

Looks to be somewhere around a 7-10% margin.

If I were living in the South Carolina's 1^st Congressional district, I would be embarrassed.

Whiny Bitches

Senate Democrats who are upset because some incumbent are catching heat because they completely caved on gun control:

Senate Majority Leader Harry Reid’s aides met recently with staffers of New York Mayor Michael Bloomberg to warn them: Targeting vulnerable Democrats like Arkansas’s Mark Pryor on gun control could backfire on the party, several sources told POLITICO.

It didn’t work.

Ads from the Bloomberg-funded Mayors Against Illegal Guns are going up soon in Alaska, Arkansas and North Dakota — three states with Democratic senators who broke with the White House on last month’s background checks vote.

The group is also moving as many as 60 field organizers into about a dozen states where senators — Democrats and Republicans — voted against bill, with the goal of building infrastructure and countering gun rights groups like the National Rifle Association.

………

Bloomberg’s group has made its choice: Its radio spots in Arkansas will target the state’s African-American community, “without which Mark Pryor doesn’t have a prayer of getting reelected,” said Mark Glaze, director of Mayors Against Illegal Guns.

………

Pryor, first elected to the Senate in 2002, claimed he’s not worried about his poor poll numbers or possible challengers, including GOP Rep. Tom Cotton, or whether MAIG or other progressive groups dump money into the race.

Shades of the contemptible Blanche Lincoln in the final graph.

When progressives decided to go after Lincoln, she already was polling lower than a case of the Clap, but somehow the primary challenge is why she lost by 20 points.

To quote Harry S Truman, "Given a choice between a fake Republican and a real one, the public will choose the real Republican every time,"and that is what happened to Lincoln, and is likely to happen to Pryor.

It's always the same refrain in the DC incumbent protection racket, "He's a ratf%$#, but the Republicans are scary, so we need to waste resources on a politician who wouldn't be worth it if he were polling well."

We know why Pryor voted the way he did, because he was running scared, and the voters of Arkansas know that too, which is why they will not be inclined to vote for him.  The pander is too blatant.

Yes, I hang up on both the DSCC and the DCCC, because I do not trust them to support candidates who support Democratic Party values, and because they spend their money stupidly.

Fabulous!!!!!

Marriage equality legislation passes in Delaware.

This is Perhaps the Most Egregious Example of Control Fraud This Far

Gretchen Morgenson of the New York Times relates to us the tale of CommonWealth REIT, which has a long history of aggressive acquisitions at excessive prices.

Their profits have suffered, and their share price has suffered.

In fact the only thing that seems to get a decent return on investment is the management company that the founders set up to conduct their operations.

They make lots of fees, and they get a fee for every misguided acquisition:

The annals of business history abound with stories of entrenched corporate executives building fortifications to maintain their plush status quo. But recent maneuvers by the board of the CommonWealth real estate investment trust put the company in a class by itself. CommonWealth REIT owns office buildings in and around major metropolitan areas in the United States. Founded in 1986 and based in Newton, Mass., CommonWealth, like many REITs, is not taxed on its income, which it distributes to shareholders. Its hefty payouts — 4.75 percent based on its share price of $21.04 — have made it a favorite among individual investors looking for income.

But CommonWealth, with $7.8 billion in buildings from Hoboken to San Diego, is unlike most other real estate investment trusts in one crucial way: its structure creates a significant conflict of interest. What sets CommonWealth apart is that it employs an outside management company, known as REIT Management and Research, to run the company’s operations and acquire properties. Many REITs were set up this way in the 1980s because they were small, but external managers are an anomaly among today’s much larger REITs.

To make matters more interesting, the outside management company is run by Barry M. Portnoy, CommonWealth’s founder, and his son Adam. Both father and son, moreover, serve on CommonWealth’s five-member board.

REIT Management and Research is paid an advisory fee based on the size of CommonWealth’s assets, rather than on how the investments perform. This is a stark incentive to simply expand the company through acquisitions and, in fact, since March 2010 CommonWealth has issued 88 million new shares to acquire new properties. The number of new shares is almost triple the stock outstanding before the sales. Such issuance dilutes existing shareholders’ stake because it increases the number of investors that share in the company’s income and payouts.

The incentive structure also encourages the management company to pay top dollar for properties. As noted in a recent report from Green Street Advisors, a research firm specializing in REIT analysis, “Selling equity and buying assets, without management rigorously asking ‘At what price?,’ can bleed shareholder value over the long term.”

Sure enough, since 2005, CommonWealth has underperformed the index of commercial office building REITs. In 2012, CommonWealth’s shares fell 7 percent. It cut its dividend last fall.

But because the assets have increased, the management company run by the Portnoys has been raking it in, earning $118 million in advisory fees in the last three years.

This might not be a concern if CommonWealth’s outside managers owned a sizable investment in its shares, aligning themselves with the company’s owners. They do not; the management firm’s executives and trustees on the board own 0.33 percent of CommonWealth stock.

The founders have adopted a series of increasingly extreme poison pills to stay in control.

Ms. Morgenson casts this as a shareholder rights fight, but I think that it is more than that.

This is management, who have almost no equity stake, are simply looting the company.

Oskar Lafontaine Realizes the Error of His Ways

The former German Finance Minister, who shepherded the implementation of Euro, has now declared that has declared that it is a truly bad idea:

"The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt," he said.

"The Germans have not yet realised that southern Europe, including France, will be forced by their current misery to fight back against German hegemony sooner or later," he said, blaming much of the crisis on Germany's wage squeeze to gain export share.

Mr Lafontaine said on the parliamentary website of Germany's Left Party that Chancellor Angela Merkel will "awake from her self-righteous slumber" once the countries in trouble unite to force a change in crisis policy at Germany's expense.

………

Mr Lafontaine said he backed EMU but no longer believes it is sustainable. "Hopes that the creation of the euro would force rational economic behaviour on all sides were in vain," he said, adding that the policy of forcing Spain, Portugal, and Greece to carry out internal devaluations was a "catastrophe".

Mr Lafontaine was labelled "Europe's Most Dangerous Man" by The Sun after he called for a "united Europe" and the "end of the nation state" in 1998. The euro was launched on January 1 1999, with bank notes following three years later. He later left the Social Democrats to found the Left Party.

You will note that his critique is not the standard political wisdom in Germany, which turns economics into a nativist morality play about the respective national virtues of different nations.

Seriously, we know what happens Germans base their policies on a vision of their own superior national virtue, there are still people who remember the last time, and it is not pretty.

This is Seriously Weird

Carla del Ponte, a former war crimes prosecutor, and a member of the UN commission investigating possible war crimes in the Syrian civil war, has given an interview stating that there was evidence that the Syrian rebels may have used chemical weapons.

Yes, you heard right, she has suggested that the rebels, not the government, might have been using chemical weapons:

A leading member of a United Nations investigatory commission says there are “strong concrete suspicions but not yet incontrovertible proof” that Syrian rebels have used the nerve agent sarin.

Carla del Ponte, a former prosecutor for U.N. tribunals investigating war crimes in the former Yugoslavia and Rwanda, made the comment in an interview Sunday with a Swiss television channel, the BBC reported.

The U.N. panel, known as the Independent International Commission of Inquiry on Syria, emphasized in a statement Monday that it had reached no conclusions about the possible use of chemical weapons in Syria's civil war.

“I was a little bit stupefied by the first indications we got ... about the use of nerve gas by the opposition,” Del Ponte told Swiss Italian broadcaster RSI.

She said the evidence emerged from interviews conducted by investigators with victims, physicians and others in neighboring countries.

Del Ponte did not rule out the possibility that President Bashar Assad's government may also have used chemical agents on the battlefield.

The official response from the UN was to deny this:

U.N. war crimes investigators have reached no conclusions on whether any side in the Syrian war has used chemical weapons, the inquiry commission said on Monday, playing down a suggestion from one of the team that rebel forces had done so.

Investigator Carla Del Ponte caught U.N. officials by surprise on Sunday when she said the commission had gathered testimony from casualties and medical staff indicating that rebel forces had used the banned nerve agent sarin.

"The independent international Commission of Inquiry on the Syrian Arab Republic wishes to clarify that it has not reached conclusive findings as to the use of chemical weapons in Syria by any parties to the conflict," it said in a statement.

It seems to me that something odd is going on.

Certainly, it is not outside of the realm of possibility for the rebels to have deployed Sarin, after all, a significant portion of their arsenal used to be the Syrian government's arsenal.

Why someone like Carla del Ponte would make a public statement like this is not clear to me, particularly since since, by her own admission, the evidence is sketchy.

I'm wondering if this is push-back against pressure to make a definitive statement against the Assad government.

Certainly commiseration's response to her statement would indicate that if there was any move to early judgement, there isn't now.

Maybe it's an honest mistake, but I sounds like some weird sort of wheels within wheels stuff.

And the Award for Institutional Corruption In an African Institution Goes To………

The Catholic Diocese of Uganda which has suspended a priest for reporting child rape:

He is a celebrity across eastern and central Africa, a gospel music star known to many as the "Dancing Priest." But for years he also was a keeper of painful secrets — his own and many others'.

In going public, Anthony Musaala has forced the Roman Catholic Church in Uganda to confront a problem it had insisted didn't exist. And he may stir a debate far beyond Africa's most Catholic of countries.

The Ugandan priest has been suspended indefinitely by the archbishop of Kampala for exposing what he calls an open secret: Sex abuse in the Catholic Church is a problem in Africa as well as in Western Europe and North America.

The African Catholic Church is fast-growing, pious and traditional. As the church elsewhere forks out billions of dollars to compensate the child sex abuse victims of priests, few African Catholics have questioned the assumption, voiced recently by Ghanaian Cardinal Peter Turkson, that the African church is purer than its counterpart in the West, which is regarded as secular and permissive.

It's not more pure, says Musaala. He says he has the evidence to prove it.

"The Vatican turns a blind eye because it doesn't want to be embarrassed about this blooming church. But I think it's time we had the truth," Musaala says.

In March, he wrote to the archbishop of Kampala, Cyprian Lwanga, about priests who fathered children, kept secret wives or abused girls or boys, and called for a debate on marriage for priests.

One of the cases of abuse he cited involved himself. He was one of numerous boys sexually abused at 16, he says, by Catholic brothers at one of Uganda's best boarding schools. He also alleged several other cases of child sex abuse in his letter.

"Wherever you go, people know about this. It's like an open secret. People know. Nothing is ever done," said Musaala in an interview.

The letter was leaked to the news media. And in response, Lwanga suspended Musaala, saying his statements stirred up contempt for the Catholic Church and damaged the morale of believers.

Later in the month, Lwanga acknowledged that abuses had taken place, apologized to victims and set up an internal inquiry. But he did not backtrack on Musaala's unpaid suspension.

Lwanga's limited concession came after South African Cardinal Wilfrid Napier of Durban said in a BBC interview that he had dealt with cases of child sex abuse, which were handled by the church internally, and not referred to the police. He suggested that the perpetrators weren't criminals and needed counseling.

………

Indeed, after Musaala's letter became public, a Catholic government minister close to the archbishop advised him to apologize. "He said, 'You spent a lot of time in England and you have been here for 17 years, but you've never quite understood the kind of environment in which we live here,'" Musaala said in a telephone interview. "'And the kind of things you are trying to say just do not fit well in this kind of environment.'"

As John Aravosis eloquently states, "If the Vatican doesn’t intervene and reinstate Anthony Musaala, we’ll know all we need to know about the new Pope."

Not The Onion

The head of the US Airforce's Sexual Assault Prevention and Response Branch has been arrested on sexual assault charges:

A key point in last year’s Academy Award nominated documentary “The Invisible War” was that the military was structurally incapable of adequately policing sexual assault in the armed services. As if to bolster the filmmakers’ case, the Air Force officer in charge of its Sexual Assault Prevention and Response Branch has been arrested and charged with sexual battery.

“The DoD estimates that, on average, there are more than 50 sexual assaults involving military personnel each day. The only thing unusual about this particular assault is that the accused was actually arrested and charged, and that senior officers in his chain of command cannot intervene to prevent his prosecution,” Kirby Dick, the director of “The Invisible War,” told CQ Roll Call. His film’s key tenet is that the military does not follow standard criminal justice procedures in sexual assault cases, keeping them within the chain of command, and that this has helped lead to an epidemic of sexual assault in the armed forces.

Lt. Col. Jeff Krusinski was arrested by Arlington County, Va., police on Sunday in a Crystal City, Va., parking lot, as first reported by ARLnow. According to the police report “a drunken male subject approached a female victim in a parking lot and grabbed her breasts and buttocks. The victim fought the suspect off as he attempted to touch her again and alerted police.” Krusinski was arrested, charged and held on a $5,000 unsecured bond.

I am not particularly surprised.

The US military has long history of (at best) indifference to issues of sexual assault, as evidenced by the recent spate of get out of jail free cards issued by senior officers.

Niall Ferguson's Apology for His Homophobic Screed Ignores Decades of Homophobic Screeds

Niall Ferguson recently made headlines by equating John Maynard Keynes sexuality with his positions, and using his homosexuality and childless state to condemn his policies.

When a firestorm brewed up over this, he quickly apologized, and while this apology seems sincere, the fact that he has a long history of making this statement:

Earlier Cambridge Professor and economist Michael Kitson tweeted out that he had heard Ferguson make the comments in the past:

Niall Ferguson’s empty apology niallferguson.com/blog/an-unqual… These were not ‘off the cuff’ remarks. I heard him make the same over 20 years ago.
— Michael Kitson (@MichaelKitson) May 4, 2013

Niall FergusonHarvard professor Niall Ferguson kicked off a storm yesterday, after it was reported that he had linked John Maynard Keynes' economic philosophy to a lack of concern for future generations.

This was a result, Ferguson reportedly told an investment conference, of Keynes' own lack of children and homosexuality.

Ferguson issued a swift — and seemingly sincere — apology, but it may already be too late. Critics of the noted historian are now going over his history to find more evidence that he truly believes in what he has now admitted to be "stupid and tactless" comments.

Earlier Cambridge Professor and economist Michael Kitson tweeted out that he had heard Ferguson make the comments in the past:

Business Insider reached out to Kitson, who offered more detail (emphasis ours):

I was at history seminar given by Niall Ferguson over 20 years ago. I am not good at dates but I think it was around 1990/91. I am better at locations - it was held in the Rushmore Room at St Catharine's College, Cambridge. Ferguson gave a paper, my recollection is that it was on German hyperinflation in the 1920s. But I remember distinctly his response to a question about Keynes: he stated that Keynes and his economics was completely short-termist and that he (Keynes) did not care about the long term or future generations because he was homosexual and did not have children. He elaborated at length on this point - it did not seem as off the cuff remark but a deeply held conviction. I remember being stunned at the time: because of the bigotry and because it showed a complete lack of understanding of Keynes's work. So, it was with a sense of déjà vu that I read the comments that Ferguson has made recently about Keynes.

(Business Insider has asked Ferguson for comment on Kitson's allegation. At the time of writing he has not responded.

Of course, Ferguson has a long history of being offensive, and being wrong about pretty much everything, so this should come as no surprise.

What is depressing that this guy has achieved an unusually level amount of professional credibility despite his record.

Natalie Fulfilled a Bucket List Item

She managed to keep her eyes open throughout our ride on the Coal Cracker (Floom).

She is not good with heights.

The fat bald guy pushing his glasses up his nose is me.

Posted via mobile.

Whee!

About to enter Hershey park.

Charlie's band is doing a regional competition, and we get discounted admission.

This year, Charlie wants to game with his band mates, so he's with the chaperone instead of us, so its just Natalie, Sharon, and me.

I don't get to hear him screaming like a little girl on the rides, and Natalie is more stoic.

Posted via mobile.

Grumpy Cat Meets His Match!

Seen on Facebook.

Holy Crap!

Israeli airstrikes in Syria.

It appears that they are targeting arms shipments to Hezbollah in Syria:

The United States believes Israel has conducted an airstrike into Syria, CNN reported on Friday, citing two unnamed U.S. officials.

CNN quoted the officials as saying Israel most likely conducted the strike "in the Thursday-Friday time frame" and that Israel's warplanes did not enter Syrian air space.

It said the officials did not believe Israel had targeted a chemical weapons facility.

There was no immediate confirmation. A White House spokeswoman referred questions on the CNN report to the Israeli government.

The Israel Defense Forces had no comment on the officials' remarks, but a source in the Israeli defense establishment told CNN: "We will do whatever is necessary to stop the transfer of weapons from Syria to terrorist organizations. We have done it in the past and we will do it if necessary the future."

It is possible that the strikes were in Syria, but Israeli aircraft were operating from over the Golan or Lebanon, but that is just speculation on my part.

Monthly Jobs Numbers are Relatively Decent

176,000 jobs added to the non-farm payroll in April, which is somewhat better than natural growth in the labor force, and additionally, the adjustments to February and March added 100,000 to the NFP.

It should be noted thought, that this really is only a bit better than treading water:

The American economy continues to add jobs in proportion to population growth. Nothing less, nothing more.

The share of American adults with jobs has barely changed since 2010, hovering between 58.2 percent and 58.7 percent. This employment-to-population ratio stood at 58.6 percent in April. That is about four percentage points lower than the employment rate before the recession, a difference of roughly 10 million jobs. In other words, the United States economy is not getting any closer to recreating the jobs lost during the recession.

And here is the scary quote:

Furthermore, the projections were wrong. Participation has actually risen among people older than 55. The decline is entirely driven by younger dropouts.

So, better, but our economy still sucks wet farts from dead pigeons.