Recent comments

  • Daily Topics - Wednesday February 27th, 2013   12 years 12 weeks ago

    At the inaugurations on Jan. 20th, Justice Sotomayor used the "junior" on VP Biden's name, but Justice Roberts didn't do the same for Pres. Obama.

    I think Pres. Obama should use "junior" on his name, just so that some of the birthers might realize that BHO Sr. was the one born in Kenya, and maybe someone just got some information mixed up. Conspiracy theorists always have this weird idea that no bad information comes about by accident, that it's always either really true but was released by accident, or that it's part of a disinformation campaign. With all the time they spend on the internet, you'd think they'd learn that people constantly make mistakes.

  • Alabama wants to push voting rights to the back of the bus.   12 years 12 weeks ago

    I hope Neil Young will remember those southern men don't need him around.

  • Daily Topics - Wednesday February 27th, 2013   12 years 12 weeks ago

    Liberticidally ugly. As ugly as something that kills liberty. Although, etymologically it should be "libertaticidally", since the stem of the Latin word "libertas" is "libertat-".

  • Daily Topics - Wednesday February 27th, 2013   12 years 12 weeks ago

    Has anyone passed along to Thom that the Chief Justice between Earl Warren and William Renquist was Warren Burger? Who I will forever curse for leaving the bench during Reagan's admin. And allowing Reagan to nominate one Antonin Scalia.

  • Daily Topics - Wednesday February 27th, 2013   12 years 12 weeks ago

    No,no,no,Thom! The reason why we don't enforce immigration laws against employers is because immediately upon doing so we discovered that we really need those workers. And enforcement against employers hurts the workers most of all. The solution is a REAL guest worker program whereby immigrants can come here, sign up and work fairly easily and LEGALLY. They can be tracked and provided protection from abuse, like wage theft. They can return home and come back. They can participate in Social Security which needs workers. They can do everything except vote. They can if they want get on a path for citizenship. There would be no illegal employment to enforce because employing immigrants would be legal. There would be no need to hire citizens first because immigrant and citizen workers would be paid the same. You are still buying into the myth that immigration is bad for us when we need it now. If capital should be free to move across borders why shouldn't labor?

  • BP put profits ahead of safety   12 years 12 weeks ago

    One of the features of Committees, Partnerships, Congresses and Corporations is that any decision or non-decision can be taken without responsibility for the outcomes of the decision, Those interested can read about the introduction of the Wesringhouse brakes in the railroads. I suggest Howard Zinn's account.

    Interestingly a large part of the benefits of Unions is the emphasis on safety. Corporations are not interested in safety as it reduces their profits and increases their capital costs. Note the efforts of the John L. Lewis's efforts to increase mine safety even though it would reduce workers and membership. I wish corporations would be so responsoble!

    Adam Smith says all wealth id created bu labor.

  • BP put profits ahead of safety   12 years 12 weeks ago

    Who caress about all that...All I want is the families of the 11 people killed to receive hefty compansation, as well as those who suffered loss of income during the spill. My wifes sister received 8k dollars after she filed her claim.

    This was not an accedent caused by a natural disaster. This fatal and enviromentally devistating incident; it was pure neglagence brought about by those looking to cut cost by not installing the propper saftey equipment...Safety devices that are mandatory and regulated in other parts of the world. I'd like to see all those in oversight positions who had the say so to not install these devices be stripped of their wealth and go to prison for a very long time.

    But that is not complete Justice. True justice is to right a wrong. So how do we correct this and see that it does not happen again.
    History has shown us that harsh punishment does not deter criminal activity, and in my book deliberatly not installing mandatory saftey devices that would prevent such a fatal disaster is criminal.

    Why is it that MORE profit trumps a persons life?
    Is this Capitalism at its worse or is this Capitalism in general?

  • BP put profits ahead of safety   12 years 12 weeks ago

    KEND yer blak gold pals Bush and Chenney threw out the book on safety regulations to help their oil buddies cut expenses...Them BOP's ain't cheap, and in an all out profit driven market...Well you know how the story goes.

    ...and you are correct; It's the little people who will suffer the burdon of increased prices at the pump, the grocery store, etc. etc. While those who are tardy, careless and irresponsable, continue to reep the benefits while getting away with murder.

  • BP put profits ahead of safety   12 years 12 weeks ago

    According to Yahoo Finance, BP’s Dec. 2012 financial report showed an income of $370 billion dollars for 2012. So far, BP has been fined $4 billion dollars in criminal penalties. Using the same percentage, this would equate to a person making $50k/year getting a $500 fine. Sounds kind of stiff and would be if this $500 fine was for running a red light or stop sign. Except, considering the damages done, BP has been fined relatively much less then the cost of a DUI or other serious, comparable infractions for the $50k/year person. Now, let’s factor in BP’s $65 billion in profit – seems hardly likely they would even need to file a claim to any insurance carrier for damages or fines, doesn’t it?

  • BP put profits ahead of safety   12 years 12 weeks ago

    I've also worked in the oil industry. And with Kend I agree that it is and must also be in part due to inadequate inspection. Many people in a long chain of command approved or let this happen.

    If deregulation or inadequate monitoring approved inadequate designs or procedures, the responsible leasing and regulatory authorities must also be held accountable --(not just the inspector out in the field)-- but his or her supervisors right up to the top-levels of government, agencies who should have been demanding accountability (but must have been looking the other way).

    Fear of high-liability costs due to injury or plant shutdown losses due to equipment failures can and do affect management decisions. From my experience BP has relatively high standards and procedures when it comes to plant operations and procurement for themselves. They get high quality where it counts. And safety inside most refineries is very good --due to the high costs of liability. Insurance rates can and do result in changed (improved) operating procedures.

    Apparently, they (or someone) thought they could cut corners drilling offshore and get away with it. And, THAT is why accountability must hurt BP and other stock-holders (owners) and insurers where it hurts most, their profits and value.

    No, BP can not simply "pass it on to consumers." If BP raises it's prices too much, intelligent consumers can simply drive to another vendor down the street. We have options, if consumers are aggressive enough to exercise them, (instead of just whining about it).

    Even if the entire industry must raise prices due to increased liability-risks, management will tend towards minimizing those risks. Meanwhile consumers (and shareholders) can demand greater regulation and accountability of the industry (thereby reducing real-risks, liability-risks and costs) -- instead of bought-off legislators and regulators looking the other way. We all (should) have responsibilities for how our systems do or do not work.

  • BP put profits ahead of safety   12 years 12 weeks ago

    ? bummer thought today would be about sequestraion, shucks! well i'ma weigh in anyway. it's half way into tax season and boy are folks making some capital gains!!!! woohoo for those monster cash outs had i brain to i would've cashed out a chunk of mine but with my luck i'dve got taxed, besides it not much anyway, yet!!! I really need to try to understand the loophole!!! taking the money and running!!! yup yesiree! to put it in a nut shell? If i have tracked close to $250,000 in cap gains thus far that have gone un taxed imagine how much the big picture is!!!! And they can't do anything about it in Washington? now think of the combination of 3 coulpes (w-2) whose table income equals 250k and the tax they paid @ 20% average. Pretty sad if you ask me. so much in fact i just wrote John boners office and requested him and his ilk to get it together. i just hope they don't go knocking on my door...Peace out and remember the rich got really rich in 2012 and us working stiffs just got stiffed!!!

  • BP put profits ahead of safety   12 years 12 weeks ago

    I agree with you, Thom, that whatever BP pays, it will never be enough to compensate for the devastation that this oil giant and others have caused.

  • Are you surprised by the SCOTUS decision on FISA?   12 years 12 weeks ago

    standing:

    what courts refuse to give the people who dare to stand

    — The APT: American Political Terms

    www.chenangogreens.org

  • The Sequester Blame Game   12 years 12 weeks ago

    Dear Tom,

    This is what I sent to Wyden, Merkley and Blumhauer, my congressional reps in Congress, and also to our old friend Carl Wolfson. I know it is long, but some things can't be said in a 5 second sound bite.

    As I listened to the news driving in to work this morning, the head of the FAA was citing how controllers would be furloughed for one or two days per pay period, small airports control towers would be closed, airlines would be delayed, flights would be cancelled, and so-on. Leon Panetta was quoted earlier in the week saying troop pay raises would be only 1%, the 800,000 civilians would have to take 1 day a week unpaid, aircraft carriers and cruisers would not be deployed, and our military readiness would be compromised. Then we hear of the 50,000 children that will not get food or be taken care of, 900,000 patients that won’t be seen, more workplace deaths (OSHA inspection reductions), meat and poultry shortages, forest fires, nuclear catastrophe, national parks closed, and even pest infested crops.

    Come-on guys, what do you take us for? I dusted off the 216+ page (2012) Federal Budget and did some looking. The total annual budget is $3,699 B. You have to take out Social Security and Medicaid (exempted in the Budget Control Act of 2011 which is the cause of all this panic) and we can’t sequester the interest payment of $ 240B per year on the debt, so we are left with $ 2,410B to apply the sequester to. The sequester amount is $85 B for this year, which is a reduction of funds of 3.6%, although newscasters use numbers like 9% reductions. Alternately we are told that the reduction is ½% of GDP.

    So what is going on here? It is apparent that the government, Republicans and Democrats alike are guilty of trying to scare the American public. They must think we are stupid, and we have been letting them get away with it. 3.6% is a manageable amount. In private industry, if a 3.6% downturn couldn’t be managed, I would fire the managers. Yet here we have the Federal Government going into disaster mode. And it is obviously spawning a tactic both by Obama and the GOP of spreading fear and scaring the public, and for that I say “shame on you, those we elected to lead our country!”

    But let’s take this a little further. If the Department of Defense takes 20% out of the 800,000 civilian contractors (one day per week of furlough), instead of 3.6%, where is the other 16.4% going? As Panetta speaks of “grounding aircraft, returning ships to port, and sharply curtailing training across the force,” I have to seriously question the leadership of what is acknowledged as the largest military in the world. I went back and rechecked my math making sure I didn’t misplace the decimal point, (36% reduction instead of 3.6%) but I didn’t make a mistake.

    So let’s deviate for a moment by talking about the military. The expense is scattered all over the 216+ page Federal Budget, forcing one to have to work to find all the dollars. There is $881B for Security. But there is another $503B for Veterans benefits, and $380B in interest on the National debt, which we would not have if we hadn’t gone to war in the first place. There is also a whole array of “Non-security” items such as Military Retiree pay, Nuclear Weapons cleanup, Homeland Security, the State Department, and something called Overseas Contingency Operations, which it turns out is $117B mainly for Afghanistan continued operations. All told the US Military expense totals somewhere around 48% of the Federal Budget, which by my math is $1,372 B.

    So how much is that really, compared to China or Russia or even the UK? And to be fair, let’s only count the claimed $881B part of the DOD budget called “Security”. China, with over 4 times our population; $143 B. Russia military spending is $71B. The UK spends $62.7B on its military. In fact, US military spending is equal to the next largest 14 military nations added together. Wow, does that blow your mind?

    It is my opinion that we need to do something to get control of our military regardless of sequester. As we have developed drones and robots (tanks) to take the foot soldier out of the line of fire, as we use satellites and twitter feeds for intelligence, perhaps we don’t need as many $610M F-35 fighters (we have spent $400B on them so far and they are currently grounded due to engine defects), nor do we need as many ships, or tanks, or bases, or men to fight wars. Maybe we don’t need wars, but that is a different discussion. What is clear to me is that the US has the largest and most bloated military in the world, and that is the biggest contributor (48% of budget) to our financial problems at home. Maybe we need sequester to stand down our military, and not carry the reductions on the backs of the civilians or soldiers pay but instead on meaningful reductions in weapons, bases and solders.

    The rest of the sequester discussion seems to be more or less based upon political positioning; the Republicans choosing one GOP face per day to announce on Fox, Meet the Press, and myriad other outlets, that Barack wants more tax increases, and Barack denying the accusation. Witness this morning on NPR; Ray LaHood, head of the FAA discussing not being able to staff control towers, delayed flights, airport closures, etc. “This is going to be painful for us and our employees but very painful for the flying public.”

    And yet Barack is not really asking for tax increases per say, but rather reductions of tax loopholes. In other words; stopping the tax incentive to move companies offshore, stopping tax incentives to the fossil fuel industry, and stopping companies from being able to write off their penalties and fines for lawsuits as a cost of doing business (for example BP taking $Billions in deduction on their penalties for the gusher in the gulf). The public can be counted on to make informed decisions, but “informed” is not what they get from these continual GOP mis-statements.

    The final point I wish to make is the GOP claim that “nothing has been offered by Barack, no plan, nothing.” The fact is that there is a highly detailed 44 page OMB plan offered by the Whitehouse that lays out in line item by line item, exactly what President is proposing. Further, there is a one page summary released days ago summarizing the 44 page plan. And what has to be acknowledged is that our president has already signed more than $2.5 Trillion in deficit reduction. So here is a quick litmus test to see who is guilty of doubletalk, the GOP or President Obama. Google the following; “Obama plan for sequester” and then “Republican plan for sequester”. The result will be self-evident.

    And what is clear to me is that if the sequester is so distasteful, so draconian, so mindless; that the Congress could just vote to stop it. They could pass a new piece of legislation to say “Stop”! In fact they already passed legislation in January (remember the Fiscal Cliff deal?) which delayed sequester for 2 months. If they could do that, they could stop it completely and instead pass the legislation necessary to enact the plan laid forth by our president.

    So fasten your seat belts; the next week should be exciting, and remember that in another month we will once again be arguing about raising the debt ceiling. Kind of reminds me of the children’s fable about “chicken little and the sky is falling.”

  • BP put profits ahead of safety   12 years 12 weeks ago

    I can't imagine how much the oil companies insurance is going to go up after this. I worked on the rigs for years and 99% of all accidents are human error. Mostly short cuts. Because someone screwed up the price at th pump is going to skyrocket. We all know the oil companies are going pass there cost increases on to the end user. Yep you. It seems to me the BOP's failed. What I can't beleive is they ony had one set. Here in Canada they have to have two and sometimes three when working offshore. What government department makes the rules there for this? They should be in court as well.

  • The Sequester Blame Game   12 years 12 weeks ago

    I agree. All this noise he's making about the terrible loss of jobs etc. If we go over the big bad fiscal cliff (which congress would never let happen) is just the backdrop against which he'll cut into programs like Social Security and Medicare in the name of "compromise". He keeps going half way to the wall. A Republican incumbent couldn't do it any more effectively.

  • BP put profits ahead of safety   12 years 12 weeks ago

    I saw your interview with Marshall Auerbach on your TV show last week. Toward the end of the interview, you asked Marshall whether he agreed with the MMT folk about a government job guarantee program and you had a little discussion about that. In case you do not know, I just wanted to point out that Marshall IS one of the MMT folk. He has written a lot from an MMT perspective and has lectured at MMT conferences with the leaders of the MMT school of thought. He is very knowledgable and articulate about MMT principles and he would be a good guest with whom to have an in depth discussion of MMT the next time you have him on. In addition to Marshall and Stephanie Kelton (who I know you had on your radio show yesterday), I would also recommend Bill Mitchell, Warren Mosler and Randy Wray as guests to discuss MMT. The great James Galbraith is another economist who understands MMT. Here is a link to a great MMT conference held back in 2010 at which Bill Mitchell, Warren Mosler, Stephanie Kelton, Marshall Auerbach and Randy Wray all spoke:

    http://www.netrootsmass.net/fiscal-sustainability-teach-in-and-counter-conference/

  • Dr. Richard Wolf - DC's Dangerous Game   12 years 12 weeks ago

    Because they have been elected by the general population of which 50% have IQs below 100. They are representative of the religitard, libertarian, greedy old bastard sort who don't give a flying fuck about anything but the 1% from whom they are financed.

  • The Sequester Blame Game   12 years 12 weeks ago

    my opinion is your correct Thom but the pres. track record is to compromise at all costs i fear he will compromise now.

  • The Sequester Blame Game   12 years 12 weeks ago

    I f Barack is somehow charged with deciding where to make the cuts, he should find ways to pull the rug out from under the GOP. Pull their security and all the benefits they get with their jobs. Intern programs, drivers, martini lunch expense accounts, cell phones, etc...

  • The Sequester Blame Game   12 years 12 weeks ago

    Plenty of business operations use the “at will” principle, after further analysis scrap the whole plan and go to plan “B”. That’s without bipartisan agreements, or comprises to avoid really stupid operating screw ups.

    So, as both president Obama and Congress knew they got one hundred percent of what they both wanted, a so called compromise. Obama getting the big kahuna as in tax revenue from the Bush tax cuts in the so called Sequester, now after further in depth observations, with wild innuendos that is there is stuff that will not work anyway, plus puts the American worker in an absurd situation.

    Layoffs galore and vital services turned down.

    Though and with great effort Obama is sounding the alarm because it appears to be a horrible way to cut services to save money. This is a flush out pure and simple the Republican Party is flushed out. Obama does not have an election to loose in reelection however the Republicans see 2014 getting near. These cuts can be readjusted with quick simple and easy changes. It’s the Congress that has the Responsibility to do it. Now America just will wait and listen as Obama makes the argument for the next time slot till the Congressional and Governor Elections.

    From my view it is very brilliant, America, Obama is in plain view, showing how he must negotiate with very stubborn obstructionist groups within the Republican Party. It is very simple nothing complicated, draw up legislation even as ridiculous as this sequester is and with thought and debate bring it to the people. No back door stuff here. Absolutely brilliant. If anything is to blame would be why previous presidents didn’t do it. Or, better why don’t the media point this out. The media want an America that is

    Commercial-Cratic. Here we are morphing a new word based on our twenty-four hour seven day week news media that want you to stay tuned while many watch a commercial that sells a culture perhaps not caring about the product. America is turning into a commercial-cratic society. That’s where the new tax revenue might be.

  • The Sequester Blame Game   12 years 12 weeks ago

    Amen ;-)

  • The Sequester Blame Game   12 years 12 weeks ago

    As I've said before...The wheels on the bus go round and round...

    Not to be redundent but how pathetic that we live in a time where information is at our finger tips, yet most people would rather waste time looking up trivial crap on their piece-O-crap I-phone while driving.

    You are absolutely correct in saying that the majority of Americans are looking for that homoginized saviour...No not jesus...I think he has loooong since canceled his return ticket and found something better to do.

    What really grinds my gears is there is absolutley no reason that this country cannot establish a Universal Health Care System, Advance ourselves into Solar and Wind Energy, Offer ever highschool grad a 2 year grant for furthering their education be it college or trade school...And! there is ABSOLUTLY NO REASON for any person who works 40 plus hours a week to have to live in poverty. SHAME on those greedy corporate swine for not adequatley compansating their employees with a wage that enables them to thrive independently...Just so they can have 2 benzes and a Bently, and a vacation mansion on some private island.

    On the one hand - like George Carlin once said - I look forward to the BIG collapse. But you and I (and Carlin) know it will get real uncivilized...Interesting???Indeed!
    And unless we nuke the world, there may be enoough people to start over...I hope then we change course...Change our way of thinking so we don't get fooled again!

    I can dream...can't I !?!?

  • Banksters Finally Face Fraud Allegations   12 years 12 weeks ago

    Very insightful blog and I would have to agree. The only way to punish these people is to send some to jail. At some point the rich who are undeserving should give something back and it is not always about the money but sometimes about the peoples lives they have ruined. medford oregon attorneys

  • The Sequester Blame Game   12 years 12 weeks ago

    Nachos - Whoyagonnacall? Ghost Busters? It comes down to this: Most of the dumbed down population is hoping for an American Idol solution. Someone or something will "come save us". But in reality this is what's going to happen: The dudes with the hammer are going to push it so far that ultimately the wheels will come off in this society. The banks will fail. The populace will be standing in bread lines that lead to diminishing returns. The one percent will retreat behind their barricades with their mercenary armies of Blackwater trained body guards. And then the shit will really hit the fan. Too bad the "haves" can't project forward to the situation they're setting up. But then, this is just history repeating itself.

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