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Ed Schultz, propagandist, issues the most tepid and misleading of corrections

The New Neo Posted on August 17, 2011 by neoAugust 17, 2011

Ed Schultz of MSNBC knows that the Big Bold Lie sometimes works, even in this day of internet checking. But sometimes, alas, it doesn’t, and then in certain high profile cases you have to issue a correction.

Not an apology, of course. That’s not necessary. Besides, why should you apologize when you’re fighting for the Forces of Good against Evil, even if you don’t play fair?

And don’t explain what you really did. Just say enough to acknowledge that you somehow—no doubt inadvertently, unknowingly, and accidentally—made a regrettable error when you were actually unabashedly and deliberately lying though your “journalist” teeth:

My guess is that Ed’s job at MSNBC remains quite secure. What do you think?

Posted in Press | 19 Replies

More on the Norway massacre—but no surprises

The New Neo Posted on August 16, 2011 by neoAugust 16, 2011

Is any of this surprising? It shouldn’t be:

Among the other details now surfacing about the Utoya spree was the confirmation from police that Breivik, 32, called police several times over the course of the massacre to surrender. According to Norwegian media reports, the police did not at first take him seriously.

I have already written about the remarkable ineptitude the Norwegian police showed during the incident. Shocking though this new fact is, it is consistent with the rest. Previously, the police could not even envision an attack of this type (except, perhaps, in cowboy America) and were almost completely unequipped to handle it when it occurred.

I had thought that it was possible and perhaps even likely that, as we learned more about the massacre, additional details would come out that would indicate that some of Breivik’s unarmed victims tried to stop him—although unfortunately, in the confusion and speed of the attack, such efforts were probably uncoordinated, and were certainly ( and tragically) unsuccessful. So it is also unsurprising that it now appears that there was at least one such effort—and that it was made by two teenagers who had grown up in a very different environment than the relative peace of pre-Breivik Norway:

…[T]wo Chechen teenagers attending the Utoya camp managed to help several others survive the shooting spree by taking shelter in a cave. Prior to those rescue efforts, the two teens had tried, without success, to knock Breivik out by pelting him with stones.

Moysar Zyamaev, 17, and Rustam Daudov, 16, first thought it was a joke when they “saw a shouting man who was running after a group of youths,” Russia Today reported. “But after they witnessed the man shooting three people dead, including one of their friends, they retreated to the woods.”

Zyamaev and Daudov later hung back as Breivik, dressed in a police uniform, called over several young people who he then shot when they approached.

Zyamaev telephoned his father, “who instructed his son to stay calm, help others and try to stop the killer somehow,” Russia Today wrote.

After trying to hit Breivik with stones, Zyamaev and Daudov gathered 23 people “into a sort of cave they discovered near the shoreline,” Russia Today wrote. They also pulled three people from the water.

Coming from Chechnya is probably much better preparation for that sort of thing. And what a cool-headed father, to be able to give such helpful advice in the midst of what must have been the most horrific phone call he’d ever received.

Posted in Violence | 18 Replies

Perry delenda est!

The New Neo Posted on August 16, 2011 by neoAugust 16, 2011

The left must be very, very afraid of Rick Perry, because the attacks on him have come with almost unprecedented speed. There’s something about Perry that seems to make people think he may be the only really credible threat Obama has right now. Therefore, Perry delenda est.

He’s a Christian jihadi, or illuminati, or something like that! He’s a turncoat! He mustn’t take credit for the Texas economy! He’s a horrifying loose cannon! He’s pro-Muslim! He’s a crony capitalist (unlike Obama)! He’s sexist! He’s whatever people think will discredit him.

There’s no question that Perry is not everybody’s cup of tea. He’s one of the more conservative candidates in the field, for example, and he’s got that Texas swagger that makes a goodly part of America say oh no, not again!

But the trolls are out in full force. You can see it very clearly in the comments to this thread. Some of them are concern trolls from the left, pretending to be on the right. And some of them really are on the right, mostly disgruntled (are there any other kind?) Ron Paul supporters.

And then there’s the inimitable Bill Clinton, who calls Perry a “good-looking rascal.” Takes one to know one.

Posted in Politics | 56 Replies

Does Paul Ryan stand poised…

The New Neo Posted on August 16, 2011 by neoAugust 16, 2011

…at the edge of the cliff, ready to dive in?

I respect Ryan, and I happen to think he’d make a good president. But I’m not at all sure he’s really going to take the leap. And is he too wonky to have much appeal?

The paradox of the 2012 campaign is that, even though Obama is intensely vulnerable, he will be hard to beat because (a) there is lingering personal goodwill towards him on the part of much of the electorate; (b) the press will try to destroy any opponent, and protect him; (c) a truly conservative Republican nominee will be painted as a radical [terrorist] Tea Partier; (d) Obama is still formidable as a campaigner, his preferred mode; and (d) the Republican field is composed of candidates who are mostly either weak or relatively young and untested. Now that Obama has been president for a term, he may be weak, but he’s no longer young (gray hair!) nor untested. The fact that he’s failed the test may end up being secondary.

Posted in Obama, Politics | 21 Replies

Unintended comedy

The New Neo Posted on August 15, 2011 by neoAugust 15, 2011

The first sentence of this AP article made me laugh:

President Barack Obama launched a rare direct attack Monday on the GOP presidential field, criticizing Republican hopefuls for their blanket opposition to any compromise involving new taxes.

Posted in Uncategorized | 19 Replies

Those automated restrooms

The New Neo Posted on August 15, 2011 by neoAugust 15, 2011

Nowadays nearly every large rest stop and every restaurant, every airport and every theater, features automated bathrooms. It’s all very magical—or at least it seems so, at first.

The toilet is timed to flush right after you finish what you’re in there for. The sink turns on as soon as you put your hands under the faucet. And the towel dispenser gives forth its bounty at the mere wave of a hand in front of its magic sweet spot.

Except that my influence on all these brilliant inventions is to make them go haywire. I enter the stall, and the toilet greets my arrival with a preliminary flush to clear its already-clean palate. I approach the toilet, and it flushes again. But when I’m finished and step back, it refuses to flush; I may be finished, but it’s finished, too. Then I have to look around for a button or lever that can override its reluctance.

Next, the sink and the towel dispenser. Are my hands to small to activate them? Because quite often they stubbornly refuse to respond, and I’m forced to improvise special maneuvers that resemble Tai Chi: waving my hands slowly, and then increasingly frantically, in front of what I think is the sensor. Finally some random movement of mine triggers a response, or perhaps it’s just that the sink and/or dispenser has decided I’ve amused it enough and it’s time to end the game.

And, because this is the way my mind seems to work, this topic makes me think of the even more helpful (and more elegant) hands in this movie:

Posted in Me, myself, and I, Movies | 21 Replies

Warren Buffett to federal government: stop me before I pay low taxes again!

The New Neo Posted on August 15, 2011 by neoAugust 15, 2011

Right off, I noticed a few things about Warren Buffett’s plea in the NY Times asking the federal government to stop coddling him and his fellow rich people and to please, please, PLEASE raise their taxes on income, capital gains, and dividends.

The first is that Buffett defines “rich” as beginning at an income of $1 million and then stepping up to a second (and even more taxable) category at an income of $10 million. He writes that in 2009 there were 236,883 households of the former type and 8,274 of the latter. Because Buffett is vague about exactly how much he thinks the taxes of the rich should be raised, we have no way of knowing how much this would increase government revenues (even supposing that he is correct about these people not changing their behavior accordingly in order to reduce their taxes). But doing my own admittedly crude math estimates, I can’t see how this would make much of a dent in the debt overall. It may be mostly window-dressing, even in the best-case scenario that Buffett assumes.

This is what Buffett has to say about how the rich will behave when their taxes are raised:

I have worked with investors for 60 years and I have yet to see anyone ”” not even when capital gains rates were 39.9 percent in 1976-77 ”” shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.

I’m sure Buffett knows a lot more rich people than I do. But still, it’s silly to rely on anecdotal evidence, and I would guess that Buffett knows this full well. “Some of my best friends…” has never been the strongest of arguments. What evidence we do have is that tax increases are offset to a certain degree by tax-avoidant behavior of the rich, as least at the state level. On the federal level, it’s less clear what happens, and although I could spend the next twenty hours further researching the two sides of the argument, I’ll just link instead to this article, which gives a fairly even even-handed picture of what each side says about the possible effects of raising taxes on the rich, both pro and con. Short answer: we don’t really know, and experts differ greatly, but it may well be that whatever effect we would get would be relatively small either way.

Another thing that struck me about Buffett’s statement is the obvious: if the rich are so eager to contribute what they think is their fair share towards reducing the debt, what stops them right now from donating more to the government than they are already compelled to fork over? Buffett, like many rich people, does donate a great deal of money voluntarily—but to non-governmental foundations, both his own and others. He writes:

I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.

Then why doesn’t he? Is someone stopping him and the rest? Somehow, I haven’t heard of Buffett or the other mega-rich giving more than what is required in taxes, although I suppose I might have missed something, since these are not the circles in which I run. But the prevalence and popularity of these private foundations seems to indicate the rich would much prefer to control their own money even when they give it away, and that they don’t trust the government to do what’s right by the money. And the existence and vigorous use of tax loopholes by the rich also seem to argue against Buffett’s notion that the rich would dearly love to give the federal government more of their money.

By the way, Buffett’s arguments could just as easily be used to pump for the Ryan plan, although that’s certainly not Buffett’s intent. But here’s how Ryan stated his own point of view back in April of 2011:

We’re saying keep tax rates where they are right now and get rid of all those loopholes and deductions — which, by the way, are mostly enjoyed by wealthy people — so you can lower tax rates. A simpler, flatter, fair tax code more internationally competitive so we can create jobs: That’s what we’re proposing. This isn’t tax cuts.

That’s a Republican talking, by the way.

Buffett also sneaks a little sentence into his op-ed that you might miss if you happen to blink [emphasis mine]:

Job one for the 12 [on the Congressional committee] is to pare down some future promises that even a rich America can’t fulfill. Big money must be saved here. The 12 should then turn to the issue of revenues.

So, just as Republicans say, the first thing to do is cut spending, including (perhaps) entitlements?

[NOTE: I want to point out (hat tip: Althouse) that this is the illustration for Buffett’s op-ed:

Plus, there’s the cover of this week’s New Yorker:

Once again, neo-neocon—right on the cutting edge. It’s Mr. Monopoly all over again!]

[ADDENDUM: for some more technical critiques of Buffet, see this and this (hat tip: Instapundit).]

Posted in Finance and economics | 44 Replies

Taxing the wealthy is popular

The New Neo Posted on August 13, 2011 by neoAugust 13, 2011

You may not agree with their opinion, but nearly two-thirds of Americans polled would like to raise taxes on higher-income Americans and on businesses. And a strong majority would also like to cut domestic spending—just not Medicare or Social Security.

The poll failed to ask respondents to define what they meant by “higher-income,” and the pollsters offered no suggestions on where the cut-off should be. So people were free to define the term as they wished—which may often mean some category of people with an income slightly higher than the respondent. “Do it to Julia, not to me!”

The whole thing makes me think of this image, a guy who would definitely qualify as the sort of higher-income person most people would have in mind, the sort that President Obama likes to stir up resentment towards:

Doing a little research for this post, I discovered that the Monopoly guy above (since 1999 officially known as Mr. Monopoly, but previously bearing the moniker Rich Uncle Pennybags) was based on the real-life J.P. Morgan, the legendary financier. The following seems awfully interesting to me; it’s about the Panic of 1907 (remember that, folks?) and the creation of the Fed. Finance—and financial rescue—was apparently a lot more personal back then:

The Panic of 1907 was a financial crisis that almost crippled the American economy. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them until Morgan stepped in personally and took charge, resolving the crisis.Treasury Secretary George B. Cortelyou earmarked $35 million of federal money to quell the storm but had no easy way to use it. Morgan now took personal charge, meeting with the nation’s leading financiers in his New York mansion; he forced them to devise a plan to meet the crisis. James Stillman, president of the National City Bank, also played a central role. Morgan organized a team of bank and trust executives which redirected money between banks, secured further international lines of credit, and bought plummeting stocks of healthy corporations. A delicate political issue arose regarding the brokerage firm of Moore and Schley, which was deeply involved in a speculative pool in the stock of the Tennessee Coal, Iron and Railroad Company. Moore and Schley had pledged over $6 million of the Tennessee Coal and Iron (TCI) stock for loans among the Wall Street banks. The banks had called the loans, and the firm could not pay. If Moore and Schley should fail, a hundred more failures would follow and then all Wall Street might go to pieces. Morgan decided they had to save Moore and Schley. TCI was one of the chief competitors of U.S. Steel and it owned valuable iron and coal deposits. Morgan controlled U.S. Steel and he decided it had to buy the TCI stock from Moore and Schley. Judge Gary, head of US Steel, agreed, but would there be antitrust implications that could cause grave trouble for US Steel, which was already dominant in the steel industry. Morgan sent Gary to see President Theodore Roosevelt, who promised legal immunity for the deal. U.S. Steel thereupon paid $30 million for the TCI stock and Moore and Schley was saved. The announcement had an immediate effect; by November 7, 1907, the panic was over. Vowing to never let it happen again, and realizing that in a future crisis there was not likely to be another Morgan, banking and political leaders, led by Senator Nelson Aldrich devised a plan that became the Federal Reserve System in 1913. The crisis underscored the need for a powerful mechanism, and Morgan supported the move to create the Federal Reserve System.

Here’s another vignette from J.P.’s life:

Morgan was the founder of the Metropolitan Club of New York and its president from 1891 to 1900. When his friend, Frank King, whom he had proposed, was black-balled by the Union Club because he had done manual labor in his youth, Morgan resigned from the Union Club, and then organized the Metropolitan Club. He donated the land on 5th Avenue and 60th Street at a cost of $125,000, and commanded Stanford White, “Build me a club fit for gentlemen. Forget the expense.” Of course he invited King as a charter member.

Posted in Uncategorized | 77 Replies

Have you noticed…

The New Neo Posted on August 13, 2011 by neoAugust 13, 2011

…that when people write articles critical of Obama these days, no one even bothers to call them racists?

Posted in Obama, Race and racism | 10 Replies

The Atlantic revives the “terrorists are idiots” meme

The New Neo Posted on August 13, 2011 by neoAugust 13, 2011

Daniel Byman and Christine Fair bring back a pre-9/11 theme, slightly revised for a post-9/11 world: terrorists are stupid and for the most part ineffective.

The spend a lot of time mocking the Taliban’s suicide bombers for sometimes blowing themselves up inadvertently in a group hug before going off to the mission. And of course there’s the famous Christmas bomber, whom they call the “jockstrap jihadist,” whose attempt could be called “crude” in several meanings of the word. The authors also write things like this, “The United States has spent billions on port security since 9/11, even though terrorists have shown little interest in ports as targets and even less ability to actually strike them.”

It reminds me of the perception most of us had of terrorists—their expertise and goals—right up until 9/11. The 1993 attack on the WTC was widely considered to be an example of their glaring and even laughable ineptitude. Forget the fact that 6 people died, or that the original intent of the perpetrators was to bring down the towers, and that some experts even said that, if the placement of the bomb had been better, they might have succeeded. What was emphasized instead was the almost comical fact that the terrorist who had rented the van in which the bombs were placed subsequently reported it stolen and came back to claim his deposit; that’s how he was caught.

What a bunch of rubes! The Keystone Cops of terrorists—although they got the last laugh, only eight years later.

To be fair to Byman and—umm–Fair, they make the point that emphasizing terrorists’ ineptitude might be good propaganda to discredit the jihadi cause and make fewer people likely to be attracted to it. I’m not at all sure, though; it certainly didn’t work between 1993 and 2001. The terrorists were ridiculed plenty during that period, and it only seems to have caused them to step up the recruiting efforts and raise their game, culminating in 9/11.

It also might just be that efforts such as those aimed at protecting ports, which Byman and Fair see as wasted effort, have been part of the reason terrorists haven’t struck there. It’s a bit like a burglar alarm—thieves will go for the softer target, the house without protection.

Which goes to show that not all thieves are dumb. The successful ones are certainly not—as the surprisingly spectacular and previously unprecedented success and scope of the 9/11 attacks showed.

Posted in Terrorism and terrorists | 21 Replies

Those of you who watched last night’s debate…

The New Neo Posted on August 12, 2011 by neoAugust 12, 2011

…(all three of you): who do you think won? And will that same person be ahead a year from now, when the nominations happen?

And speaking of the debate, doesn’t Michele Bachmann look teensy here?

But paradoxically, her diminutive size is one of the factors that helps make her stand out (not the only one, though).

[NOTE: I think the effect of petiteness is accentuated by the fact that Bachmann’s in the middle of the photo, and towards the sides the lens distorts people and makes them look bigger.]

Posted in Uncategorized | 42 Replies

Krauthammer on the debt debate

The New Neo Posted on August 12, 2011 by neoAugust 12, 2011

I agree with Krauthammer:

The people spoke [in the Wisconsin recall election]; the process worked. Yes, it was raucous and divisive, but change this fundamental should not be enacted quietly. This is not midnight basketball or school uniforms. This is the future of government-worker power and the solvency of the states. It deserves big, serious, animated public debate.

Precisely of the kind Washington (exhibit B) just witnessed over its debt problem. You know: The debt-ceiling debate universally denounced as dysfunctional, if not disgraceful, hostage-taking, terrorism, gun-to-the-head blackmail.

Spare me the hysteria. What happened was that the 2010 electorate, as represented in Congress, forced Washington to finally confront the national debt. It was a triumph of democratic politics ”” a powerful shift in popular will finding concrete political expression.

But only partial expression. Debt hawks are upset that the final compromise doesn’t do much. But it shouldn’t do much. They won only one election. They were entrusted, as of yet, with only one-half of one branch of government.

But they did begin to turn the aircraft carrier around. The process did bequeath a congressional super-committee with extraordinary powers to reduce debt. And if that fails, the question ”” how much government, how much debt ”” will go to the nation in November 2012. Which is also how it should be.

The conventional complaint is that the process was ugly. Big deal. You want beauty? Go to a museum. Democratic politics was never meant to be an exercise in aesthetics.

Not just ugly, moan the critics, but oh so slow. True, again. It took months. And will take more. The super-committee doesn’t report until Thanksgiving. The next election is more than a year away. But the American system was designed to make a full turn of the carrier difficult and deliberate.

You will find that those who are criticizing the process (Republicans are terrorists and hostage-takers!) don’t like the result. And those who defend the process like the result.

The same was true, by the way, for the health care reform bill. Remember that? Krauthammer believes that the HCR legislation (plus the stimulus) was the main initial catalyst for the voter revolt against the Democrats. I agree.

Posted in Uncategorized | 20 Replies

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