Ed Kilgore made a good point over at the Political Animal blog, More Pain For Economic Victims. In it, he talked about the widely reported William Dickens and Rand Ghayad paper (pdf) that showed that employers would rather hire a less qualified applicant who has been unemployed for a short time than a more qualified applicant who has been unemployed a long time. He noted that this is part of the environment where the people who suffered because of the 2008 financial crisis were widely blamed for it.
You may remember this. Rick Santelli performed a live CNBC rant about how people taking out mortgages they eventually couldn’t afford were the reason for the financial crisis. This, of course, was entirely off base and entirely typical of elite opinion. The way the system is supposed to work is that a poor person goes to the bank and asks for a loan. The bank then decides if the poor person is a good risk. It is not surprising that poor people would ask for loans they can’t afford. It is the bank’s obligation to protect itself by only loaning money that is likely to be repaid. Santelli and his stock broker friends just loved the idea of turning this on its head. Those poor bankers! They were taken advantage of by those thoughtless poor people!
What’s more, we heard not a peep out of Santelli when it came to TARP, the law that paid out hundreds of billions of dollars to banks. It was only when the government decided to spend about a tenth of that with the Homeowners Affordability and Stability Plan that he started ranting. So you can see where the Santelli crowd was coming from. What was surprising was that the Tea Party movement would burst into existence as a result of Santelli’s rant. These were, after all, middle and upper-middle class people whose interests were better represented by the later Occupy Wall Street movement. But no, helped along by Fox News and the Koch Brothers, they were on the streets demanding that government not help individuals. (In fairness, the Tea Party claimed to be against TARP, but almost without exception, they have backed candidates who are against helping individuals and for helping corporations. We can either say that the people in the Tea Party hate regular Americans or they are stupid/ignorant, but we can’t say that they are smart and don’t hate their neighbors.)
The outcome of the Tea Party movement has been a more radicalized Republican Party and generally a more conservative and fearful Democratic Party. This despite the fact that the Tea Party never did have any real power. They were just the right flank of the Republican Party—now with a catchy name. And generally it’s meant a much more callous attitude toward those who are struggling in this economy. Perhaps the worst aspect of this has been the focus of Washington on debt over the last three years while ridiculously high levels of unemployment have just been ignored.
Kilgore notes that some of the army of long-term unemployed may eventually be driven to economic crime. But not to worry:
But I don’t totally agree with him. The 20% of Americans who associate themselves with the Tea Party have always been of the philosophy that if you fall down they’ll kick you but if you mess up they’ll jail you. The only question is whether reasonable politicians will continue to fear these vile and hateful conservatives enough to go along.
Yesterday was Sunday and that can mean only one thing:
Last night, I watched this video
The New York Times just reported that
Cool birthdays are not evenly distributed. Some days, it is hard to find anyone to talk about. Look at
I have
This video parody of Dragnet is very funny with some clever computer effects. But what I think is most interesting about it is the original stuff that sadly very few people in a society can see at the time: how law enforcement is mostly just cultural bias, and in-group and out-group signifying. The original episode is all about the good people symbolized by the cops and the bad people symbolized by the hippies.
In the complexion of negroes we meet with various shades; but they likewise differ far from other men in all the features of their face. Round cheeks, high cheek bones, a forehead somewhat elevated, a short, broad, flat nose, thick lips, small ears, ugliness, and irregularity of shape, characterize their external appearance. The negro women have the loins greatly depressed, and very large buttocks, which gives the back the shape of a saddle. Vices the most notorious seem to be the portion of this unhappy race: idleness, treachery, revenge, cruelty, impudence, stealing, lying, profanity, debauchery, nastiness, and intemperance, are said to have extinguished the principles of natural law, and to have silenced the reproofs of conscience. They are strangers to every sentiment of compassion, and are an awful example of the corruption of man when left to himself.
Let me tell you about Larry Summers. He’s an economist and was the Secretary of the Treasury under Bill Clinton. Before him, Robert Rubin was Treasure Secretary, and Summers, being an acolyte of his, continued his strong dollar policies. Now I know that a strong dollar sounds like a good thing, but it isn’t. Politicians love a strong dollar because it makes them feel powerful. But even more important, all of the rich people who are the true constituents of the politicians love a strong dollar. If you have a lot of dollars, a strong dollar is great. If you have to work for a living, a strong dollar is bad.
Just one more quick note about all the aftermath of the Boston Marathon bombing. I believe that Obama was so quick to call the bombing a terrorist act because, as usual, he’s a wimp. I’m sure he is worried that just like in Benghazi, the right wing will attack him for not calling it a terrorist attack. I’m all for being a wimp when it protects a person. I’ve managed to avoid fights all my adult life by being a wimp. But Obama will not avoid fights this way. If he hadn’t called it a terrorist attack, the right would have attacked him. If he said that Dzhokhar Tsarnaev should be given his Miranda Rights, the right would have attacked him. As it is, he has indicated that Tsarnaev will be tried in our regular court system, so the right is attacking him for that.
Ali Abunima at The Electronic Intifada has written an article that I wish all Americans would read (even though I fear their reaction would be no better than it was to
I rarely torture you all with my own poetry but this rhymes! And yes, I know what you’ll say, “It’s bad enough that this is all about death; do you really have to end it by saying that death is a good thing?” Well, yes, as a matter of fact I do. I’m no fan of death, but there are a great many things that are worse than death. For example (and I hate to bring this up because it really bothers me), I would rather die than have my toes cut off one by one with a pair of cutter pliers. The same thing goes for my fingers now that I think about it. And now that you have that image, enjoy the poem!