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Newsweek Obama Attack Draws Intense Fire Print
Tuesday, 21 August 2012 15:46

Krugman writes: "There are multiple errors and misrepresentations in Niall Ferguson's cover story in Newsweek - I guess they don't do fact-checking."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)



Newsweek Obama Attack Draws Intense Fire

By Paul Krugman, The New York Times

21 August 12

 

here are multiple errors and misrepresentations in Niall Ferguson's cover story in Newsweek - I guess they don't do fact-checking - but this is the one that jumped out at me. Ferguson says:

The president pledged that health-care reform would not add a cent to the deficit. But the CBO and the Joint Committee on Taxation now estimate that the insurance-coverage provisions of the ACA will have a net cost of close to $1.2 trillion over the 2012-22 period.

Readers are no doubt meant to interpret this as saying that CBO found that the Act will increase the deficit. But anyone who actually read, or even skimmed, the CBO report (pdf) knows that it found that the ACA would reduce, not increase, the deficit - because the insurance subsidies were fully paid for.

Now, people on the right like to argue that the CBO was wrong. But that's not the argument Ferguson is making - he is deliberately misleading readers, conveying the impression that the CBO had actually rejected Obama's claim that health reform is deficit-neutral, when in fact the opposite is true.

More than that: by its very nature, health reform that expands coverage requires that lower-income families receive subsidies to make coverage affordable. So of course reform comes with a positive number for subsidies - finding that this number is indeed positive says nothing at all about the impact on the deficit unless you ask whether and how the subsidies are paid for. Ferguson has to know this (unless he's completely ignorant about the whole subject, which I guess has to be considered as a possibility). But he goes for the cheap shot anyway.

We're not talking about ideology or even economic analysis here - just a plain misrepresentation of the facts, with an august publication letting itself be used to misinform readers. The Times would require an abject correction if something like that slipped through. Will Newsweek?

See Also: Niall Ferguson Publishes Embarrassing Defense Of Newsweek Article

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A Few Words About Joe Paterno Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=63"><span class="small">Marc Ash, Reader Supported News</span></a>   
Monday, 20 August 2012 13:41

Ash writes: "A lot of fingers have been pointed at everyone around Sandusky. Some blame and some soul searching are inevitable. But make no mistake about it, Sandusky's game was built to withstand, actually to make a mockery of, oversight."

Penn State football coach Joe Paterno at State College, Pa., Tuesday, 11/08/11. (photo: Matt Rourke)
Penn State football coach Joe Paterno at State College, Pa., Tuesday, 11/08/11. (photo: Matt Rourke)


A Few Words About Joe Paterno

By Marc Ash, Reader Supported News

20 August 12


Reader Supported News | Perspective

 

ow that the dust has settled a bit at Penn State visibility should improve.

Joe Paterno was a rare individual. In his 61 years at Penn State he built what a mountain of money never could have - a vibrant, vital institution, that was as respected and loved as JoePa himself.

What made all that possible was, in a word, integrity. Plain simple values and hard work. It's a formula that has always worked, though we little realize today that it does.

It's time to blame Jerry Sandusky. Sandusky was a super-predator. By no means a garden-variety pedophile, Sandusky was highly motivated, immensely powerful, and uniquely insulated. Sandusky's method, by design, was resilient and very difficult to penetrate.

No one that could or should have interceded was prepared for the range of problems that Sandusky presented. Not Paterno, not the Penn State athletic program, not the school's administrators, not the administrators of the charity Sandusky founded, Second Mile, not the organization's multitude of wealthy, powerful and influential benefactors, not the local district attorney, not even former Pennsylvania attorney general, and now Pennsylvania governor, Tom Corbett, who sat on the case in secrecy for nearly three years, and not the NCAA. No one was prepared for Jerry Sandusky.

A lot of fingers have been pointed at everyone around Sandusky. Some blame and some soul searching are inevitable. But make no mistake about it, Sandusky's game was built to withstand, actually to make a mockery of, oversight. It absolutely did.

It was interesting to hear the sermon delivered by the NCAA. When they have a moment they might want to begin addressing their own process of institutionalized student-athlete exploitation. Whose responsibility is it to stop that?

Child abuse, like violence against women or the elderly, is a manifestation of our brutal society. Justice is a commodity, ethics a luxury. To protect children we must nurture the world in which they live. They are living organisms within that environment.

We are living in a world that has no time for integrity. Joe Paterno dedicated a lifetime to it. Remember him for that.


Marc Ash is the founder and former Executive Director of Truthout, and is now founder and Editor of Reader Supported News.

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

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FOCUS | Dick Cheney: Son of the New Deal Print
Monday, 20 August 2012 11:45

Parry writes: "It is ironic that as an adult, Cheney has contributed as much as almost anyone to dismantling the New Deal, the social compact that pulled his family into the American middle class and opened extraordinary opportunities for him."

Former Vice President Dick Cheney speaks about national security in Washington, 05/21/09. (photo: Reuters)
Former Vice President Dick Cheney speaks about national security in Washington, 05/21/09. (photo: Reuters)


Dick Cheney: Son of the New Deal

By Robert Parry, Consortium News

20 August 12

 

ormer Vice President Dick Cheney would agree that he is about as right-wing as an American politician can be, openly hostile to the federal government's intervention in society. But one surprise from his memoir, In My Time, is that Cheney recognizes that his personal success was made possible by Franklin Roosevelt's New Deal and the fact that Cheney's father managed to land a steady job with the federal government.

"I've often reflected on how different was the utterly stable environment he provided for his family and wondered if because of that I have been able to take risks, to change directions, and to leave one career path for another with hardly a second thought," Cheney writes.

In that sense, Cheney's self-assuredness may be as much a product of the New Deal as the many bridges, dams and other public works that Roosevelt commissioned in the 1930s to get Americans back to work. By contrast, the insecurity that afflicted Cheney's father was a byproduct of the vicissitudes from laissez-faire capitalism.

So, it is ironic that as an adult, Cheney has contributed as much as almost anyone to dismantling the New Deal, the social compact that pulled his family into the American middle class and opened extraordinary opportunities for him.

In sketching his family's history, Cheney depicts the hard-scrabble life of farmers and small businessmen scratching out a living in the American Midwest and suffering financial reversals whenever the titans of Wall Street stumbled into a financial crisis and the bankers cut off credit.

After his ancestors would make some modest headway from their hard work, they would find themselves back at square one, again and again, because of some "market" crisis or a negative weather pattern. Whenever there was a financial panic or a drought, everything was lost.

"In 1883, as the country struggled through a long economic depression, the sash and door factory that [Civil War veteran Samuel Fletcher Cheney] co-owned [in Defiance, Ohio] had to be sold to pay its debts," Cheney writes. "At the age of fifty-four, Samuel Cheney had to start over," moving to Nebraska.

There, Samuel Cheney built a sod house and began a farm, enjoying some success until a drought hit, again forcing him to the edge. Despite a solid credit record, he noted that "the banks will not loan to anyone at present" and, in 1896, he had to watch all his possessions auctioned off at the Kearney County Courthouse.

Samuel Cheney started another homestead in 1904 and kept working until he died in 1911 at the age of 82.

His third son, Thomas, who was nicknamed Bert (and who would become Dick Cheney's grandfather), tried to build a different life as a cashier and part owner of a Sumner, Kansas, bank, named Farmers and Merchants Bank. But he still suffered when the economy crashed.

"Despite all his plans and success, Bert Cheney found that, like his father, he couldn't escape the terrible power of nature," Dick Cheney writes. "When drought struck in the early 1930s, farmers couldn't pay their debts, storekeepers had to close their doors, and Farmers and Merchants Bank went under. ... My grandparents lost everything except for the house in which they lived."

Bert Cheney's son, Richard, ventured off in a different direction, working his way through Kearney State Teachers College and taking the civil service exam. He landed a job as a typist with the Veterans Administration in Lincoln, Nebraska.

"After scraping by for so long, he found the prospect of a $120 monthly salary and the security of a government job too good to turn down," his son, Dick Cheney, writes. "Before long he was offered a job with another federal agency, the Soil Conservation Service.

"The SCS taught farmers about crop rotation, terraced planting, contour plowing, and using 'shelter belts' of trees as windbreaks - techniques that would prevent the soil from blowing away, as it had in the dust storms of the Great Depression. My dad stayed with the SCS for more than thirty years, doing work of which he was immensely proud.

"He was also proud of the pension that came with federal employment - a pride that I didn't understand until as an adult I learned about the economic catastrophes that his parents and grandparents had experienced and that had shadowed his own youth."

Like many Americans, the Cheney family felt it had been pulled from the depths of the Great Depression by the New Deal efforts of Franklin Roosevelt, cementing the family's support for the Democratic president and his party.

"When I was born [on Jan. 30, 1941] my granddad wanted to send a telegram to the president," Cheney writes in his memoir. "Both sides of my family were staunch New Deal Democrats, and Granddad was sure that FDR would want to know about the 'little stranger' with whom he now had a birthday in common."

After growing up in the relative comfort of middle-class, post-World War II America, Dick Cheney would take advantage of the many opportunities that presented themselves, attaching himself to powerful Republican politicians, most notably an ambitious congressman from Illinois named Donald Rumsfeld.

When Rumsfeld left Congress for posts in the Nixon administration, he brought the hard-working Cheney along. Eventually Rumsfeld became White House chief of staff to President Gerald Ford and - when Rumsfeld was tapped to become Defense Secretary in 1975 - he recommended his young aide, Dick Cheney, to succeed him.

Cheney's career path through the ranks of Republican national politics, with occasional trips through the revolving door into lucrative private-sector jobs, was set. He would become a major player within the GOP Establishment, establishing for himself a reputation as one of the most conservative members of Congress and a foreign policy hawk.

Now in his 70s, Cheney is widely recognized as a right-wing Republican icon, inspiring a new generation of conservatives to dismantle what's left of Roosevelt's New Deal and shrink the federal government.

It doesn't seem to matter that those were the two social factors that created "the utterly stable environment" which gave Dick Cheney his chance in life.



Robert Parry broke many of the Iran-Contra stories in the 1980s for the Associated Press and Newsweek. His latest book, "Neck Deep: The Disastrous Presidency of George W. Bush," was written with two of his sons, Sam and Nat, and can be ordered at neckdeepbook.com. His two previous books, "Secrecy & Privilege: The Rise of the Bush Dynasty from Watergate to Iraq" and "Lost History: Contras, Cocaine, the Press & 'Project Truth'" are also available there.


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FOCUS: Anonymous Billionaires Are Stealing Your Election Print
Monday, 20 August 2012 11:44

Cole writes: "It would be bad enough, as I reported last week, that 47 billionaires were responsible for the lion's share of individual Super PAC contributions. It turns out that the Super PACs aren't even the biggest players."

Juan Cole; blogger, essayist and professor of history. (photo: Informed Comment)
Juan Cole; blogger, essayist and professor of history. (photo: Informed Comment)



Anonymous Billionaires Are Stealing Your Election

By Juan Cole, Informed Comment

20 August 12

 

t would be bad enough, as I reported last week, that 47 billionaires were responsible for the lion's share of individual Super PAC contributions. It turns out that the Super PACs aren't even the biggest players.

The biggest players are the dark money PACs, which do not have to reveal the sources of their funding.

If we just look at the television ads bankrolled by the top six sources of funding, we make a startling discovery, which Kim Barker reported on in these pages last week.

The 'dark money' PACs are outspending everyone else. Crossroads GPS, founded by Karl Rove and backed by anonymous big-money donors, has bought negative attack ads against President Obama to the tune of $52 million! The Koch brothers' Americans for Prosperity spent $20.6 million. The political parties and the Super PACs, which have to identify the source of their funds, are making a much smaller contribution.

Moreover if you look at the WaPo infographic under 'who's going negative,' you find that 100% of the ads paid for by $52 million from Crossroads GPS are negative! Likewise all $20.5 million spent by the Koch Brothers-founded Americans for Prosperity went to attack ads. In contrast, about half of the ads paid for by Barack Obama were negative.

The Dark Money PACs are not only continuing to spend like a drunken sailor, they are making it up as they go along, solely funding negative images and falsehoods.

It shouldn't be allowed in the United States of America for a handful of billionaires to buy the election.

It certainly shouldn't be allowed for them to do so anonymously.

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Underwater Voters Have Message for Obama Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=7278"><span class="small">Van Jones, Reader Supported News</span></a>   
Sunday, 19 August 2012 14:42

Jones writes: "If you look more closely at what's been happening over the last week, you'll see hints of what we'll all be talking about in October: homes."

President Barack Obama in Tucson, Arizona, 01/12/11. (photo: Jewel Samad/Getty Images)
President Barack Obama in Tucson, Arizona, 01/12/11. (photo: Jewel Samad/Getty Images)


Underwater Voters Have Message for Obama

By Van Jones, Reader Supported News

19 August 12

 

sk a political reporter, and they'll tell you the biggest story of the past week was Romney's selection of Paul "End Medicare" Ryan as his running mate. (I'll have more to say on him, soon). But that's not the only story. If you look more closely at what's been happening over the last week, you'll see hints of what we'll all be talking about in October: homes.

Remember how the banks shattered the housing market and got a helping hand from the American taxpayer? Well, those taxpayers are still in trouble, five years later. 1 in 3 mortgages is underwater - meaning 40 million Americans owe the bank more than it is worth in today's new, post-bubble market. And it's not just homeowners who are affected! When people are putting the extra cash they save up toward their big loan balance instead of a night out or a new TV, it's a drag on our economy. Federal Reserve Chairman Ben Bernanke agrees that the housing crisis is blocking our economic recovery.

If numbers alone don't break your heart, maybe stories will. Jaime Gonzalez, a retired police officer and grandfather, is one of those underwater homeowners and voters. He is losing his shirt trying to keep up with interest payments on his modest Florida home, but is unable to refinance or sell while his home is underwater.

http://www.youtube.com/watch?v=mtt0RV2t5NQ

What's to be done? Number one: the president should remove the one person who is the main obstacle to positive reform. Last week, key allies from labor and the environmental movement (the same folks who got Obama elected in 2008) joined forces with Rebuild the Dream to call on the president to replace Federal Housing Finance Authority (FHFA) Acting Director Ed DeMarco. I'm proud to stand alongside these bold, progressive leaders from the Sierra Club and United Steelworkers, as well as almost 120,000 Rebuilders, telling President Obama to get rid of DeMarco.

DeMarco has single-handedly held up tens or even hundreds of thousands of jobs with his refusal to provide support to struggling homeowners by resetting targeted home loans to today's fair market rates - a proposal the administration supports, and that his own FHFA thinks would save taxpayers a billion dollars. DeMarco also killed PACE, a program which would have created new jobs by making it easier for homeowners to finance clean energy installations in their homes.

Let's review: One man is standing in the way of creating jobs, helping the environment, providing real relief to homeowners - and saving taxpayers a billion dollars. Unlikely allies are coming together to demand his ouster. I've said it before, and I'll say it again: President Obama should fire Ed DeMarco.

Romney is missing the boat, too. "Housing" is only mentioned twice in Romney's 160-page economic plan, and you won't find any proposal to stop the foreclosures on his website. He's said we should let foreclosure "hit the bottom." Maybe he hasn't felt there are votes in it for him.

He's wrong. Housing and foreclosures have been largely absent from the political debate, but they're about to break through in a big way. Battleground states like Nevada, Florida, Ohio, Colorado, Wisconsin, and North Carolina have been among the hardest hit by the housing crisis. Of the nearly 24 million underwater voters who owe their bank more than their homes are worth, most are located in swing states. Polling by Gallup shows that neither candidate has a strong advantage on housing as an issue. Rebuild the Dream and other allies like New Bottom Line will be raising a stir about the problems in the weeks and months to come.

The lesson is clear. Homeowners like Jaime vote. Any politician who wants to live in the White House for the next four years needs to start talking about how voters can keep the houses they're living in right now.



Van Jones is co-founder of Rebuild the Dream, an organization pushing for widespread homeowner relief through its nationwide "Hope for Homeowners" campaign. Learn more and add your name at www.RebuildtheDream.com/. He is the founder and former president of Green for All and author of "The Green Collar Economy." In 2009, he served as the green jobs advisor in the Obama White House. Van is currently a senior fellow at the Center For American Progress, and also holds a joint appointment at Princeton University, as a distinguished visiting fellow in both the Center for African American Studies and in the Program in Science, Technology and Environmental Policy at the Woodrow Wilson School of Public and International Affairs.

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

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