The White Nation picks up the torch of the Congressional Black Caucasians against Gavin Two-Faced Newsom

Why Barbara Lee Should Be a Senator

John Nichols, The Nation

 

The governor signaled that, while he was committed to naming a woman of color, he didn’t want to give Lee the advantage of appointed incumbency. This was a new standard, developed by Newsom since his last appointment of a senator in 2021, when he chose Alex Padilla to replace newly elected Vice President Kamala Harris. As an appointed incumbent, Padilla ran for and easily won a full term in 2022. This time, Newsom said, he wanted to make an “interim appointment”—indicating an apparent preference for a caretaker senator who would merely finish out Feinstein’s term and then leave the Senate.

It was an absurd calculus, offering the prospect of a brief rather than ongoing expansion of representation for Black women in the Senate, and Lee called him out for it. The representative said in a statement, “The idea that a Black woman should be appointed only as a caretaker to simply check a box is insulting to countless Black women across this country who have carried the Democratic Party to victory election after election.”

 

There is no daylight between the IRS and today's left, which laughably presents The State as the chief check on wealth when it's the chief partner

 

It's Time To Defend--Not Defund--the IRS

 

Katrina vanden Heuvel, The Nation

Hey Hey, Ho Ho, private homeownership has got to go, says anti-American Commie UCLA professor in The Nation

California’s Fires Prove the American Dream Is Flammable

If we want to keep cities safe in the face of climate change, we need to seriously question the ideal of private homeownership:

[W]e need to do more than upgrade the powerlines or stage a public takeover of the utility companies. We need to rethink the ideologies that govern how we plan and build our homes. ... The valorizing of homeownership and property rights results not only in increased exposure to climate-change-fueled fires, but also in our inadequate responses to them. ... This is the Jeffersonian agrarian ideal, transmuted through the urban, petrochemical century. Cheap energy—both the monetary price of subsidized gasoline and the hidden costs of fossil fuels—and the idealization of individual homeownership have created the scorching landscapes we face today. Cheap energy is untenable in the face of climate emergency. And individual homeownership should be seriously questioned. ... Even with the threats of climate change and rampant fire looming, the ideals of the American dream that have been instilled for more than 150 years will be difficult to dispel. ... We need another kind of escape route—away from our ideologies of ownership and property, and toward more collective, healthy, and just cities.

Wow, Obama also built a deportation machine ready made for Trump

But Trump doesn't know how to operate the machine.

The Nation.

It must have been hard for President Obama to tolerate having to have lunch every week for 8 years with a segregationist

When Joe Biden Collaborated With Segregationists:

“I want you to know that I very much appreciate your help…in attempting to bring my anti-busing legislation to a vote,” he wrote the Mississippi Democrat, a virulent opponent of civil rights who frequently referred to black people as “an inferior race.”

Robin Munro: The Tiananmen massacre was not primarily of the students, rather the workers, not in the Square but citywide in Beijing

Remembering Tiananmen Square:

Western criticisms based on a false version of the clearing of Tiananmen Square have handed the butchers of Beijing needless propaganda victories in the U.N. and elsewhere. ... By May 17, the sight of as many as 2,000 idealistic young students collapsing from heat and starvation brought more than a million ordinary Beijing citizens into the square in a moving display of human solidarity. “The students speak on behalf of all of us,” they would tell any foreigner who cared to listen. 

Having been passive spectators, the laobaixing now began to act as a bastion of active support for the students, bringing food and other supplies to the square on a round-the-clock basis. This specter of emerging cross-class solidarity led directly to the authorities’ decision to impose martial law in Beijing on May 20. ...

Action groups formed spontaneously throughout Beijing. ... The laobaixing were now in a posture of peaceful, nonviolent but direct confrontation with the government and army, and similar “turmoil”—to use the party’s term—rapidly emerged in dozens of other cities. Moreover, the laobaixing were beginning to articulate their own grievances. ...

However, the birth of the Beijing Workers’ Autonomous Federation a few days after the abortive imposition of martial law posed a much greater threat. That is because this group, headquartered in a couple of scruffy tents in the northwest corner of Tiananmen Square, raised an issue that had been taboo in China since 1949: the right of workers to engage in independent labor organization and self-representation. Such a demand struck at the very core of the Chinese Communist state, for the party’s main claim to legitimacy is that it rules in the name and interests of the “laboring masses.” Although its active membership remained relatively small, its formal membership soared during the first few days of June, reaching a peak of more than 10,000 enrollments after three of its leaders were secretly arrested on May 29.

Autonomous workers’ groups quickly sprang up in most of China’s major cities. This was the “cancer cell” that the authorities had feared from the outset would appear if legal recognition were ever to be conferred on the student organizations. In the government’s eyes, if the statue of the Goddess of Democracy, erected in the square at the end of May, represented the arrogant defiance of the students and the symbolic intrusion of “bourgeois liberalism” and “Western subversion” into the sacred heart of Communist rule, the crude red-and-black banner of the Beijing Workers’ Autonomous Federation, not a hundred yards away from the goddess, represented the terrifying power of the workers awakened.

Both had to be crushed, and the rapidly defecting party apparatus had to be frightened and shocked back into line.

Lefty mag The Nation: Not a hack at all, but a leak

Flashback to August 9, 2017:

A New Report Raises Big Questions About Last Year’s DNC Hack: Former NSA experts say it wasn’t a hack at all, but a leak—an inside job by someone with access to the DNC’s system.

This official intelligence assessment has since led to what some call “Russiagate,” with charges and investigations of alleged collusion with the Kremlin, and, in turn, to what is now a major American domestic political crisis and an increasingly perilous state of US-Russia relations. To this day, however, the intelligence agencies that released this assessment have failed to provide the American people with any actual evidence substantiating their claims about how the DNC material was obtained or by whom. Astonishingly and often overlooked, the authors of the declassified ICA themselves admit that their “judgments are not intended to imply that we have proof that shows something to be a fact.” ...

Despite all the media coverage taking the veracity of the ICA assessment for granted, even now we have only the uncorroborated assertion of intelligence officials to go on. Indeed, this was noticed by The New York Times’s Scott Shane, who wrote the day the report appeared: “What is missing from the public report is…hard evidence to back up the agencies’ claims that the Russian government engineered the election attack…. Instead, the message from the agencies essentially amounts to ‘trust us.’”

Was Seth Rich, murdered five days later, the DNC leaker after all?

From the DNC inside job story in The Nation, here:

Forensicator’s first decisive findings, made public in the paper dated July 9, concerned the volume of the supposedly hacked material and what is called the transfer rate—the time a remote hack would require. The metadata established several facts in this regard with granular precision: On the evening of July 5, 2016, 1,976 megabytes of data were downloaded from the DNC’s server. The operation took 87 seconds. This yields a transfer rate of 22.7 megabytes per second. ... 

Time stamps in the metadata provide further evidence of what happened on [Tuesday] July 5. The stamps recording the download indicate that it occurred in the Eastern Daylight Time Zone at approximately 6:45 pm. This confirms that the person entering the DNC system was working somewhere on the East Coast of the United States. In theory the operation could have been conducted from Bangor or Miami or anywhere in between—but not Russia, Romania, or anywhere else outside the EDT zone. Combined with Forensicator’s findings on the transfer rate, the time stamps constitute more evidence that the download was conducted locally, since delivery overheads—conversion of data into packets, addressing, sequencing times, error checks, and the like—degrade all data transfers conducted via the Internet, more or less according to the distance involved.

Pat Lawrence in The Nation concludes the so-called Russia hack of the DNC was instead a leak, an inside job

Here:

There was no hack of the Democratic National Committee’s system on July 5 last year—not by the Russians, not by anyone else. Hard science now demonstrates it was a leak—a download executed locally with a memory key or a similarly portable data-storage device. In short, it was an inside job by someone with access to the DNC’s system. This casts serious doubt on the initial “hack,” as alleged, that led to the very consequential publication of a large store of documents on WikiLeaks last summer.

It's a red letter day when the left complains about the indefensible corrupt manipulations of language

Affordable care, comrades.

Here in The Nation:

All this was set in motion when the DNC’s mail server was first violated in the spring of 2016 and by subsequent assertions that Russians were behind that “hack” and another such operation, also described as a Russian hack, on July 5. These are the foundation stones of the edifice just outlined. The evolution of public discourse in the year since is worthy of scholarly study: Possibilities became allegations, and these became probabilities. Then the probabilities turned into certainties, and these evolved into what are now taken to be established truths. By my reckoning, it required a few days to a few weeks to advance from each of these stages to the next. This was accomplished via the indefensibly corrupt manipulations of language repeated incessantly in our leading media.

The Nation Magazine's James Carden wonders why liberals fawn over anonymous CIA claims when John Brennan is a known liar

Here:

The recent raft of unverified, anonymously sourced and circumstantial stories alleging that the Russian government interfered in the US presidential election with the aim of electing Republican Donald J. Trump shows that today too much of the media is all too happy to do overtly what the CIA had ... once paid it to do covertly: regurgitate the claims of the spy agency and attack the credibility of those who question it. ... CIA Director John Brennan made false statements before Congress over the CIA’s hacking into the computers of Congressional staffers.

Stupid, ignorant and blind liberal buys home in 100-year flood plain in Troy, NY, blames 100-year old 30-foot river wall (doh!), racism, capitalism, classism and climate change, not herself when she floods

I'm not making this up. She admits it.

Where else but in The Nation, here:

Troy floods. It has since before the Dutch arrived. I didn’t know this when I bought my house. I bought it because the chiming, rippling Poesten Kill canal runs through the backyard; because it has rusty old tin ceilings; and because I wanted to be a member of a vibrant, diverse urban neighborhood that comes together in summer evenings. ... When I realized that the property was in a floodplain, I hesitated and asked around. Friends, real-estate agents, and neighbors assuaged my fears: It’s a 100-year floodplain, they said—and look at the height of those canal embankments! You’ll be fine. ... We weren’t legally required to have flood insurance, and we couldn’t find enough money in the budget for it anyway. So we decided that we would take our chances. ... 

Trump rallies continue to dwarf Hillary rallies, but the left thinks "voter intensity" for the two is about equal, and low

Reported in The Nation, here, for what it's worth:

In 2012, 60 percent of Obama backers supported him “strongly” (the comparable figure for Romney supporters was 38 percent).

You’d be forgiven for thinking that this election has seen voter “intensity” reach new heights. However, a July poll found the level of “strong” support was about equal for both Clinton and Trump—and strikingly low: Pew found in that poll that “fewer than half of both candidates’ supporters said they backed their candidate strongly,” with 45 percent each. The equal proportions suggest intensity is not going to skew the poll results this year.

Whenever the insane left (but I repeat myself) sees something big, it wants to take it, including your HOME

Here in The Nation:

'Let's get rid of private housing. ... [R]eal estate is the most valuable asset form in the United States, and the majority of that value is not that of the building itself, which depreciates until it requires renovation, but of the “unimproved” land it sits on—the location.'

The Far Left Also Realizes Boehner Won. Too Bad Republicans Don't.

The Nation, here:

Because the deal only includes minor concessions, the Beltway consensus is that it represents a resounding defeat for Republicans, who “surrendered” their original demands to defund or delay Obamacare. In the skirmish of opinion polls, that may be true, for now. But in the war of ideas, the Senate deal is but a stalemate, one made almost entirely on conservative terms. The GOP now goes into budget talks with sequestration as the new baseline, primed to demand longer-term cuts in Medicare, Medicaid and Social Security. And they still hold the gun of a US default to the nation’s head in the next debt ceiling showdown.

---------------------------

Boehner, last August, who got exactly this, despite having to try the so-called Tea Party gambit of defunding ObamaCare, which failed because of all the RINOs in the Senate, and was destined to fail from the beginning for that very reason, if only people like Ted Cruz and Mike Lee had bothered to check their voting records:

“When we return, our intent is to move quickly on a short-term continuing resolution that keeps the government running and maintains current sequester spending levels,” Boehner (R-Ohio) said on a conference call with GOP lawmakers, according to a person on the call.

“Our message will remain clear,” Boehner said. “Until the president agrees to better cuts and reforms that help grow the economy and put us on path to a balanced budget, his sequester — the sequester he himself proposed, insisted on and signed into law — stays in place.”

The Nation: Bill Clinton Wrecked The Economy, Not David Stockman

So Robert Sheer, here:

It wasn’t Stockman who wrecked the economy. It was Bill Clinton who deregulated the too-big-to-fail banks, and it was George W. Bush and Barack Obama who bailed them out. But even Paul Krugman, who knows how bad things are and yet manages to be charitable in appraisals of his Princeton colleague Ben Bernanke, dismisses Stockman’s critique as “cranky old man stuff. ...” ...

Herein is a lesson that the bankers should have been taught back during the Clinton presidency when, as Stockman writes, the principle of a bailout for Wall Street’s hustlers “was reinforced by the Fed’s unforgivable 1998 bailout of the hedge fund Long-Term Capital Management.”

That fiasco’s enablers—Alan Greenspan, Robert Rubin and Lawrence Summers—and the more disastrous ones to follow were crowned “The Committee to Save the World” on Time magazine’s Feb. 15, 1999, cover and are still welcomed in those polite circles where truth-teller Stockman is being treated as a pariah.

HUD Secretary Shaun Donovan, Clinton Retread, Pushes For Bank Immunity Deal

Robert Scheer for The Nation:

It is a sellout deal that, in return for a pittance of compensation by banks to ripped-off mortgage holders, would grant the banks blanket immunity from any prosecution. That is intended to short-circuit investigations by a score of aggressive state officials, inquiries that offer the public a last best hope to get to the bottom of the housing scandal that has cost U.S. homeowners $6.6 trillion in home equity in the past five years and left 14.6 million Americans owing more than their homes are worth. ...

Donovan has good reason not to want an exploration of the origins of the housing meltdown: He has been a big-time player in the housing racket for decades. Back in the Clinton administration, when government-supported housing became a fig leaf for bundling suspect mortgages into what turned out to be toxic securities, Donovan was a deputy assistant secretary at HUD and acting Federal Housing Administration commissioner. He was up to his eyeballs in this business when the Clinton administration pushed through legislation banning any regulation of the market in derivatives based on home mortgages.

Armed with his insider connections, Donovan then went to work for the Prudential conglomerate (no surprise there), working deals with the same government housing agencies that he had helped run. As The New York Times reported in 2008 after President Barack Obama picked him to be secretary of HUD, “Mr. Donovan was a managing director at Prudential Mortgage Capital Co., in charge of its portfolio of investments in affordable housing loans, including Fannie Mae and the Federal Housing Administration debt.”

Read the whole thing here.

Liberals Blame Bill Clinton for Housing Bubble

The Financial Crisis Inquiry Commission, under Phil Angelides who had a testy, partisan, op-ed in The Washington Post yesterday, in its report sought to blame Wall Street for leading the way to the housing bubble, not government policy as mediated through the likes of Fannie Mae.

Gretchen Morgenson of The New York Times has begged to differ, and Steven Malanga provides a timely and sympathetic review of a new book she co-authored which uncovers a major impetus to the housing bubble in the administration of none other than Bill Clinton, who took a weaker form of liberalism under George Herbert Walker Bush and ran with it:

Reckless Endangerment locates the origins of the crisis in the ironically named Federal Housing Enterprises Financial Safety and Soundness Act of 1992, which was supposed to protect taxpayers from big losses by Fannie and Freddie. That law pushed the institutions into affordable housing lending and prompted Fannie in particular to adopt a strategy to disarm critics by continually arguing that efforts to rein in the company's operations, such as requiring it to back its mortgage purchases with more capital, would only hurt the goal of expanding home ownership. "You should rejoice in Fannie Mae and Freddie Mac rather than fight them," Fannie's chief executive, James Johnson, told the New York Times.

In the wake of the 1992 legislation, Fannie Mae created the Housing Impact Advisory Council, an assembly consisting of low-income housing advocacy groups and mortgage lenders. Fannie Mae also began supplying grants to the housing groups, like ACORN, which a few years earlier had criticized the GSEs in the press as "strictly by-the-book" interpreters of underwriting standards whose young underwriters, "are not sensitized to the existence of redlining, be it racial or geographic." Now Fannie was singing a different, more cooperative tune, and its new council, Morgenson and Rosner write, evolved into "the centerpiece" of President Clinton's 1994 National Partners in Homeownership program, a "disastrous homeownership policy" that played a crucial role in inflating the housing bubble.

With The Nation pinning financial deregulation on Bill Clinton in recent days, liberalism's not having a good start to the summer.

If Bill Clinton were smart, he'd respond to all this by blaming Bush, or hope people still have enough money left to go to the beach and read trashy novels instead.

The Nation Rips Bill Clinton a New One for Enabling Financial De-Regulation Under Gingrich

An argument, here, with which we happily agree, except there's no discussion of the de-regulation of the homeowner, who, since 1997, has been able to forego taxes on up to $500,000 of gains on the sale of a principal residence every two years.

Smart couples plausibly have been able to milk this provision very profitably by flipping homes up to five times since then, until everything fell apart in 2008.

And don't forgot all those HELOCs whose capital was misallocated to financing automobile purchases, vacations, and other consumption not even remotely having to do with "home improvement."

The current housing debacle shows among other things, as Chris Whalen has suggested, how the entire post-war commitment to housing was a giant, civilizational misallocation of capital. More than anything, it was a failure of a sentimentality which developed in the wake of the de-moralization which forever destroyed the naivete of a nation. The de-regulation of the financial industry at the end of that road was only the logical conclusion of this process, its final outworking, not its cause.

Liberal Grotesque: Obama and the Cleft Lips

"During the fight over the financial reform bill, the administration consistently took the positions for which the banks were lobbying. Obama and his team were eager to weaken the “Volcker Rule" . . . [B]anks were given massive loans at or near 0 percent from the Fed . . . The administration sided with the banks in keeping the Consumer Financial Protection Agency inside the Federal Reserve . . .."

-- Eric Alterman, here, true believer, who nevertheless saves his real indignation for Wall Street