The Muppets' version of Luther's Von den Juden und ihren Lügen (January 1543)

Glenn Greenwald was not happy with The Intercept for its incompetent exposure of Reality Winner

Easy for him to say. She's the one paying the price for trusting The Intercept. Oh well, just another victim of a drone attack, or something.

Maybe the founder of eBay, Pierre Omidyar, should ask for his money back.

From a profile of Greenwald, here:

Greenwald went on to describe his frustration with an Intercept story, published last summer, that was based on an N.S.A. report leaked by Reality Winner, an N.S.A. contractor. The article described an attempt by Russian military intelligence to introduce malware into the computers of U.S. election officials in 2016. In Greenwald’s view, the story was overblown: the N.S.A. analysis included no underlying evidence. Before publication, Greenwald vetoed a suggestion that Snowden be invited to examine the leaked material. “I said, ‘I think it’s not a very good idea to send a top-secret N.S.A. document that purports to describe Russia to Russia.’ ” He laughed. “Not even I would look very kindly on that, if I were in the Trump Justice Department.” He was also dismayed, as many people were, that the Intercept had not properly disguised the document before showing it to the government for verification, making it easy for Winner to be identified as its leaker; she was arrested shortly after publication. The Intercept apologized, and supported her legal defense. The site “fucked up,” Greenwald said. He added that, if he didn’t work there, he might be wondering aloud why nobody was fired. (On August 23rd, Winner was sentenced to five years in prison.)

Remembering when Mario Draghi really, truly got it (sort of)

"Five years ago today, Mario Draghi saved the euro", by Eshe Nelson, July 26, 2017:

But with a simple, seemingly off-the-cuff phrase, Draghi fundamentally changed the course of events: “whatever it takes.”

At a speech in London on July 26, 2012, the ECB president gave an account of the euro-zone economy. Bond yields of weak euro-member governments were soaring, and traders doubted that national, euro- or EU-level institutions could get their act together in time to avert disaster. Draghi sought to convince international investors that the region’s economy wasn’t as bad as it seemed. He then made the momentous remark:

“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” ... the promise was enough to calm investors and bring down bond yields across the euro zone.

Martin Wolf for The Financial Times likes business historian Adam Tooze's important new book CRASHED: HOW A DECADE OF FINANCIAL CRISES CHANGED THE WORLD

See Martin Wolf, What really went wrong in the 2008 financial crisis?

Tooze has been making the rounds at places like Bloomberg (and especially here) and CNBC promoting the theses of the new book, and was notably interviewed yesterday on Bob Brinker's radio program "Money Talk" (the dismissive summary of the interview provided here is notably blind to Tooze's importance, weakly observing how Tooze maintains that "money has no tangible underpinning", which is about all that grabs the attention of libertarian fundamentalists).

Those more popular presentations give only a tantalizing hint of the narrative power this trained historian brings to the story of the 2008 panic.

To see that in action there is an important lecture available here which Tooze gave at the American Academy in Berlin earlier this year, on March 13th.

"Conservatives" will doubtlessly recoil at Tooze's characterizations of the role played by them during the financial crisis. That those conservatives are really the GOP's libertarians is a distinction the significance of which seems lost on Tooze.

That said, the value of Tooze's perspective goes far beyond the subject of the warring factions of libertarian fundamentalism and neoliberalism, however important those are for understanding our times.

For one thing, Tooze is almost unique in describing in such vivid detail the dominating role now played by the "dollar" in the global economy (American analyst Jeffrey Snider being the notable but obscure exception). It takes an historian. This is, of course, the eurodollar, the proper understanding of which permits Tooze to show how the financial crisis in the United States centered in the mortgage market was globalized via international banking through London and Frankfurt independently of the wishes of the state actors. It also reveals to him that the most important global economic relationship has not been the US with China but the US with London.

Same as it ever was. The king and his colonies still rule the world, with a little help from the Bank of England.

For another, Tooze's work shows the degree to which the global economy has been captured by the bankers in providing these eurodollars, who acted unilaterally behind the scenes, first in the US (Ben Bernanke) and regrettably only later in Europe (Mario "whatever it takes" Draghi), to provide liquidity swaps in the trillions of dollars during the financial crisis while politicians argued about how states should deploy mere billions.

One inescapable conclusion ten years after the financial crisis is that citizens of states are in larger measure no longer masters of their own destinies, and haven't been for a very long time. They are today really ruled by technocrats in charge of central banks who work now more, now less in concert with their host governments to manage economic flows. The danger of this global state capitalism is that it might one day slip back into the outright fascism it so closely resembles.

To the millions of unemployed who were not bailed out in the crisis and who lost their homes and their hope in the United States and in the PIIGS, or to the hundreds of thousands of Muslims now in Chinese reeducation camps, it already has.

The crisis for neoliberalism does not come from capitalist fundamentalism. It comes from its growing list of victims.

Ebola kills 72 in new outbreak in Congo, fears of spreading to Uganda, Rwanda, South Sudan

Reported here.

Barack Obama's tyrannical overreach is directly responsible for the Trump presidency

And you can add in Congressional incompetence and cowardice in crafting immigration legislation.

The people have their champion, and all the incompetents and cowards can do is continue to act in character.

To hell with you all!

Obama announced DAPA on November 20, 2014.

Trump launched his campaign for president just seven months later, on June 15, 2015, making illegal immigration the heart and soul of his candidacy.

Seven months.

In February 2015, the Migration Policy Institute estimated that about 3.7 million unauthorized immigrants in the United States are potentially eligible for DAPA, around 766,000 in just five counties: Los Angeles and Orange in California, Harris and Dallas in Texas, and Cook in Illinois.

The President’s program, when combined with Deferred Action for Childhood Arrivals, would have delayed deportation of slightly less than half of the 11 million illegal aliens in the United States. 

Hooah Orange Country Register: The hard truth is Turkey should be kicked out of NATO

Here:

[T]he U.S. should, quietly, plan out both Turkey’s exclusion from NATO and the destabilizing consequences to follow. Enacting the plan is so fateful a move that it must be done with as much care and forethought as possible. It should also, if and when it happens, be a turnkey operation.

John McCain is dead, the so-called conservative politician who relied on independents and liberals to win

From the 2004 story here about the South Carolina primary in 2000 against George W. Bush:

McCain’s overall strategy relied heavily on the state’s 400,000 veterans and military retirees’ siding with the war hero, and on his appealing, as he had in New Hampshire, to independents and liberals. He thought a high turnout in the open primary would favor him.

The turnout on Saturday, February 19, was huge—573,000 voters, more than double the previous high in a primary—but Bush still won by 11 points, 53 to 42. (Alan Keyes got a little less than 5 percent.) The veterans’ vote split evenly; Bush was buoyed by a two-to-one margin among Christian conservatives, a third of total voters. McCain outpolled him only in the more liberal coastal counties. Remarkably, a majority of voters saw Bush as the one who had run the more positive campaign, despite the attacks from pro-Bush groups.

Reality Winner wins 63-month sentence with reality for espionage

Reality Winner sentenced for leaking top secret U.S. report:

(Reuters) - A federal judge sentenced former U.S. intelligence contractor Reality Winner on Thursday to more than five years in prison after she admitted leaking to a media outlet [The Intercept] a top secret report on Russian interference in U.S. elections, her attorney said. ...

The NSA document she gave the news outlet contained technical details on what it said were Russian attempts to hack election officials in the United States and a voting-machine company before the November 2016 presidential election, two U.S. officials with knowledge of the case have said. ...

Betsy Reed, editor in chief of The Intercept, said in a statement that Winner should be honored, and that her sentencing and other prosecutions of whistleblowers were attacks on freedom of speech and of the press.

“Instead of being recognized as a conscience-driven whistleblower whose disclosure helped protect U.S. elections, Winner was prosecuted with vicious resolve by the Justice Department under the Espionage Act,” Reed said. 

The Intercept laughably maintains that publishing Winner's leaked document long after Election 2016 in June 2017 helped alert US states to Russian interference in the 2016 election when, as The Intercept itself admits, Russian hacking attempts of US elections have been and are "still front-page news almost two years later":

The federal government kept several states allegedly targeted by hackers in the dark about the specifics of these attacks until The Intercept published its story.

In fact, the day after The Intercept’s story came out, the Election Assistance Commission — the federal agency in charge of assisting state election officials — wrote an urgent bulletin to states, calling the report “credible” and urging state officials to read it. The EAC then provided advice on how to take action. (The commission, unbelievably, tweeted the hashtag #RealityWinner to promote its bulletin on social media).

Christina Warren of Microsoft mistaken for a white person

Most Americans see the difference between out-and-out lies and Trump's self-evident hyperbole

Yeah, but mostly only in flyover country where there is still a connection with reality. Contemporary liberalism is untethered to reality and is incapable of such distinctions. That's why liberalism is rightly seen to be coterminous with the "creative" class on the coasts and in the academy, the spinners of yarns and fictions and fantastic tales.

Trump would gain more traction in the current contretemps if he made more fun of them.

"Ridicule is man's most potent weapon".

Lee Edwards, here.

Bradley Smith, former head of the Federal Election Commission, doesn't think Trump's payments were campaign expenditures

Here in WaPo, amusingly turning the matter back on Mueller at the end:

However, regardless of what Cohen agreed to in a plea bargain, hush-money payments to mistresses are not really campaign expenditures. It is true that “contribution” and “expenditure” are defined in the Federal Election Campaign Act as anything “for the purpose of influencing any election,” and it may have been intended and hoped that paying hush money would serve that end. The problem is that almost anything a candidate does can be interpreted as intended to “influence an election,” from buying a good watch to make sure he gets to places on time, to getting a massage so that he feels fit for the campaign trail, to buying a new suit so that he looks good on a debate stage. Yet having campaign donors pay for personal luxuries — such as expensive watches, massages and Brooks Brothers suits — seems more like bribery than funding campaign speech.

That’s why another part of the statute defines “personal use” as any expenditure “used to fulfill any commitment, obligation, or expense of a person that would exist irrespective of the candidate’s election campaign.” These may not be paid with campaign funds, even though the candidate might benefit from the expenditure. Not every expense that might benefit a candidate is an obligation that exists solely because the person is a candidate. ...

Cohen is not the normal defendant, and prosecutors almost certainly squeezed him to plead guilty on these charges, in part, for the purpose of building a case for possible criminal or impeachment charges against the president, or even, daresay, “influencing the reelection” of Trump.

Michael Savage is as lazy as Rush Limbaugh, shoots off his mouth about Obama without reading Obama's full speech in South Africa

Far from stirring up race hatred, Obama was attacking it.

We covered it here. WaPo had the full transcript of Obama's remarks in July. Too bad Savage is too lazy to read it.

Another irresponsible person with a microphone.

Paul Manafort found guilty and Michael Cohen pleads guilty on same day Ann Coulter releases Resistance is Futile

I seem to remember In Trump We Trust was released in August 2016, just as Trump started backtracking on illegal immigration in Arizona.

Do Coulter book releases make the sky fall?

Today's reasons for hating Republicans (I don't need any to hate Democrats)

1) 52% of Republicans support Medicare for all.

2) 41% of Republicans support free college tuition.

Story here.

CNBC thinks rising number of murders of whites and of farm seizures in South Africa is a fringe talking point, not news

Trump is hyping a fringe talking point about South African government 'seizing land from white farmers':

'At the start of August, Ramaphosa announced plans by the ruling African National Congress to change the constitution to allow the expropriation of land without compensation. ...

'The notion that white farmers are persecuted in South Africa largely stems from a fringe group called AfriForum. Some far-right commentators and pundits have picked up on the idea, suggesting that there could be a "genocide" of white people in the country.' 

Separately, the Australian press puts the number of whites murdered on farms in the last 15 months at 70.

The relatively small number is not important to liberals, any more than is the murder of Mollie Tibbetts in Iowa by an illegal alien, because they claim others who put the number at 400 are exaggerating.

Yeah I know, the Holocaust wasn't 6 million, either. 

Elizabeth Tin Ear Crockagawea smoke pipe, say murder of Mollie Tibbetts by illegal alien not heap big problem

Keep it up, Lizzie.

Quoted here:

SEN. ELIZABETH WARREN (D-MA): My, I’m so sorry for the family here and I know this is hard and not only for the family but for the people in her community, the people throughout Iowa. But one of the things we have to remember is we need an immigration system that is effective, that focuses on where real problems are.

FBI soft-pedaled first Hillary e-mail probe, Loretta Lynch, James Comey and Peter Strzok out-and-out suppressed the second probe of Weiner laptop e-mails

So says a special investigation by Paul Sperry for Real Clear, here, which suggests the 30,000 missing e-mails which Hillary originally deleted are still on it:

Although the FBI’s New York office first pointed headquarters to the large new volume of evidence on Sept. 28, 2016, supervising agent Peter Strzok, who was fired on Aug. 10 for sending anti-Trump texts and other misconduct, did not try to obtain a warrant to search the huge cache of emails until Oct. 30, 2016. Violating department policy, he edited the warrant affidavit on his home email account, bypassing the FBI system for recording such government business. He also began drafting a second exoneration statement before conducting the search.

The search warrant was so limited in scope that it excluded more than half the emails New York agents considered relevant to the case. The cache of Clinton-Abedin communications dated back to 2007. But the warrant to search the laptop excluded any messages exchanged before or after Clinton’s 2009-2013 tenure as secretary of state, key early periods when Clinton initially set up her unauthorized private server and later periods when she deleted thousands of emails sought by investigators.

Far from investigating and clearing Abedin and Weiner, the FBI did not interview them, according to other FBI sources who say Comey closed the case prematurely. The machine was not authorized for classified material, and Weiner did not have classified security clearance to receive such information, which he did on at least two occasions through his Yahoo! email account – which he also used to email snapshots of his penis.

Many Clinton supporters believe Comey’s 11th hour reopening of a case that had shadowed her campaign was a form of sabotage that cost her the election. But the evidence shows Comey and his inner circle acted only after worried agents and prosecutors in New York forced their hand. At the prodding of Attorney General Lynch, they then worked to reduce and rush through, rather than carefully examine, potentially damaging new evidence. ...

[C]onducting a broader and more thorough search of the Weiner laptop may still have prosecutorial justification. Other questions linger, including whether subpoenaed evidence was destroyed or false statements were made to congressional and FBI investigators from 2014 to 2016, a time frame that is within the statute of limitations. The laptop was not searched for evidence pertaining to such crimes. Investigators instead focused their search, limited as it was, on classified information.

Stock market return in the last 18 years has been better than during the Great Depression and WWII, but not by much

Flashback: Obama campaign fined $375,000 for keeping illegal donations, hiding donors in 2008

Obama Campaign Fined Big for Hiding Donors, Keeping Illegal Donations

Obama 2008 campaign fined $375,000