10:48, Monday, February 8, 2010

Mind-forg'd manacles?

By Owen Paine on Monday February 8 10:48 AM

I hate to report this, but the Father Scruffle Smiff 'just walk away hoss' spiritual revival movement has not as yet really caught fire. Seems way too many folks are still not taking the rational option of strategic default.As an inquiringly-minded NYT columnist notes:

"Millions of American homeowners are “underwater,”... In Nevada, nearly two-thirds of homeowners are in this category. Yet most of them are dutifully continuing to pay their mortgages, despite substantial financial incentives for walking away from them"
Don't ya just hate to read stuff like that? What in hell explains this hypertrophied sucker play? I hope not some misplaced community enforced morality... but i dunno. And guess what In states with non-recourse mortgages, it's even worse, 'cause the rubes paid for a walk-away option. Again, the NYT:
"In a report prepared for the Department of Housing and Urban Development, Susan Woodward, an economist, estimated that home buyers in such states paid an extra $800 in closing costs for each $100,000 they borrowed. These fees are not made explicit to the borrower, but if they were, more people might be willing to default, figuring that they had paid for the right to do so."
That is, you have a blanket license at any time for any reason to default on a non-recourse loan. You paid for that right up front. "They" of course can shut off the damn credit spigot on ya for it... but that only means something if the spigot's presently turned on for you in the first place.

Speaking of hidebound prig-sticker morality, here's my idea of a real asswipe doing a no-harm no-foul flyby on this whole business. It's from the industrious quill of none other then Mr Mark Thoma of the Thomatic poisoning site 'Econo Mist View':

"I think that people in non-recourse states understood the option a bit differently... If medical costs wipe you out, if the demand for the widgets you produce falls permanently causing you to lose your job and also have trouble finding a new one, or if other things out of your control cause you to be unable to pay your mortgage, then you won't lose your car, furniture, heirlooms, etc. in a forced liquidation to pay of as much as possible of the remaining balance on the housing loan. Non-recourse protects you fro losing everything. But a change in the price itself wasn't part of the deal. You get to keep the upside, but have to eat the downside-that's how it worked and you knew that going in. At least, that's how I always understood the implicit deal (enforced in part by a fear of losing access to credit in the future, social norms, etc.).... Following this implicit rule lowers costs for everyone..."
What a goodie goodie dupe sap guff of a call that is. What a rubber hammer of pettifogging conformity. Mr Thoma... may you live forever... totally underwater.

14:45, Sunday, February 7, 2010

Pwingnuts

By Michael J. Smith on Sunday February 7 02:45 PM

Al Schumann writes:

http://thepoorman.net/2010/02/04/obamas-death-squads-are-coming-for-you/

His schtick is comparing Obama's left-liberal critics to unhinged wingnuts. To pull that off, however poorly, he reaches for the wingnut guide to bad faith rhetoric and selects at random.

I take a morbid interest in the ways pwogs treat each other. What differentiates them from paranoid, back-biting sectarians is an easy accommodation with institutional authority. They take comfort in revealed proprieties, provided there's broad institutional support and enforcement, the same way religious authoritarians take comfort in the revealed wisdom of theocrats. They're both dependent on the presence of cops and pervasive systems of control. They can't generate an individual conscience. They have no heuristics for determining right and wrong outside the vulgar collectivist process. The lower functioning ones, like The Poorman, are spitefully contemptuous of the relatively enlightened high church proceduralism favored by their grown up, successfully individuated brethren, e.g. Glenn Greenwald. They fidget in rage and denounce them as no better than they ought to be.

This accommodation makes it possible for them to function in oligarchic systems. They'll always get smacked around by the wingnuts, however, because they're "better" at accepting the revealed legitimization they get from institutional authority. They can grudgingly accept an electoral victory that elevates a Bush or a Reagan. They'll behave themselves. The wingnuts of course immediately start acting out when they feel a threat to their brand ascendancy.

It would be difficult to find people less suited to any form of liberal democratic republicanism. Greenwald's careful skepticism and painstaking explanation of due process enrages them.

13:01, Saturday, February 6, 2010

Piling on

By Owen Paine on Saturday February 6 01:01 PM

Above is the man that out-Nixoned Nixon, Albert Shanker; and here is Shanker's latest avatar, Randi Weingarten:

According to a union barking device from captive think tank EPI, she wants:

"contracts that include systems for fair and balanced evaluation of teacher performance (including, but not limited to measures of student achievement); and for the speedy removal of ineffective teachers, with simplified due process rules, when appropriate support fails to correct inadequacy."
Very un-Shanker-sounding, eh? Well, get a load of why: this could add 20% more teachers to any staff. Note the words "appropriate support":
"Evaluation of teachers, including the mentoring of novices and of veterans in need of improvement, requires the employment of many additional supervisors of teachers. Call them master-or mentor-teachers... Schools today are under-administered. Frequently, one principal supervises as many as 30 teachers. No principal can evaluate and mentor this many... The reason we have such terrible "drive-by" teacher evaluation systems, with principals taking perfunctory peeks into classrooms, is that principals have no time (or training) to do it right.

No other profession operates with such inadequate supervision. Can you imagine a nursing supervisor overseeing 30 nurses? A newspaper editor overseeing 30 reporters? A law firm partner overseeing 30 associates? Even an assembly line can't rely on only one foreman for 30 workers."

Prepare yourself:
"Management theorists recommend that no leader should have more than 5 direct-reports. The failure of public education to organize itself around this common-sense principle is the roadblock to fair and balanced evaluation. "

"Blaming teacher unions for this failure is demagoguery...Administrations don't propose such systems mostly because they are very, very expensive."

Do we need another crankup in the teacher-to-victim ratio? A win for the union, yes. For the actual teachers, maybe not, and for the much abused pupils, almost certainly not.

Personally, I'm all for it, up through grade 6 anyway. Lower school teachers are hot --

... and I bet mentoring teachers are even hotter!

23:20, Friday, February 5, 2010

My man!

By Michael J. Smith on Friday February 5 11:20 PM

Nothing very political about this post.

I've been reading up on John Milton lately, in aid of a literary project that may or may not bear any fruit. The guy has always been a hero of mine and with every passing year I love him more. He too lived from dark days into hopeful days and back into dark ones, like my generation, but he never lost the faith.

I took my old tired tattered copy of The Student's Milton off the self tonight to look something up. It's a book I bought forty years ago, and it's still in great shape. Appleton-Century put out a sturdy product in those days. The paper isn't brilliant white any more, but it's not all yellow and brittle, either, and the binding is still keeping the pages together. You open it up and it lies flat and nothing cracks.

I opened it up about halfway through -- then the phone rang. I put the book down on the kitchen table. Went and answered the phone, and when I came back the book was lying open to the last chapter of Doctrine and Discipline of Divorce, not my favorite of Milton's prose works. But this was the first sentence my eyes lit upon. He's talking about Gratian, the canonist, "the Tubalcain of scholastic sophistry", and his brother-canonist Lombard,

... whose overspreading barbarism hath not only infused their own bastardy upon the fruitfullest part of human learning, not only dissipated and dejected the clear light of nature in us, and of nations, but hath tainted the fountains of divine doctrine, and rendered the pure and solid law of God unbeneficial to us by their calamnious dunceries.
I was having a good time until I got to "calamnious dunceries". At that point I started laughing so hard I was writhing in my chair and tears of mirth blurred my vision. Calamnious dunceries! Doesn't that describe nine-tenths -- or more -- of what we read and hear?

Great man, that Johnnie Milton.

It's Bedlam out there

By Owen Paine on Friday February 5 03:19 PM

One of luxury fringe effects of SMBIVA-ism... we can talk sensibly about the GOP. Enter the recent much footballed Kospoll on Repub mind sets -- here's the lede take of some fireworks peddler calling itself Sam Stein over at Arianna's bath house:

A new poll of more than 2,000 self-identified Republican voters illustrates the incredible paranoia enveloping the party... The numbers speak for themselves -- a large portion of GOP voters think that President Obama is racist, socialist or a non-US citizen...
  • 39 percent of Republicans believe Obama should be impeached
  • 36 percent of Republicans believe Obama was not born in the United States
  • 31 percent of Republicans believe Obama is a "Racist who hates White people"
  • 63 percent of Republicans think Obama is a socialist
  • 24 percent of Republicans believe Obama wants "the terrorists to win"
  • 21 percent of Republicans believe ACORN stole the 2008 election
  • 23 percent of Republicans believe that their state should secede from the United States
It then quotes the fearless uberpimple of the kos-hive himself, summing it all up:
"This is why it's becoming impossible for elected Republicans to work with Democrats to improve our country...

They are a party beholden to conspiracy theorists... They think Obama is racist against white people and the second coming of Lenin. And if any of them stray and decide to do the right thing and try to work in a bipartisan fashion, they suffer primaries and attacks. Given what their base demands -- and this poll illustrates them perfectly -- it's no wonder the GOP is the party of no."

Would that the Dem pwog-base could be so chilling, eh?

Okay, okay, don't task me with the Orthrian symbiotics of all this: the loons are on the march... we all must rally round the Magic Negro or we'll have Squadristi in the streets of our cities. What outfit have you chosen?

Drop in the bucket

By Owen Paine on Friday February 5 12:57 PM

Ferdinand Trumka claims we need to generate 10 million jobs -- give or take one or two. If so, what in ballpark numbers oughta be the size of Stimpak II?

I'd say well in excess of 1.5 trillion dollars over four quarters. But citizens, be warned: though "Democrats from the president on down say jobs are their No. 1 priority", here's the House bill of December vintage. It's ten sizes too small, and that's before the Senate gets a whack at it.

Okay, so what's the size of the recent turbocharged Obama job package? Does anyone know? Does anybody got a number or should I say a grouping of numbers on this? Like a dollars-in package with a spread and schedule set of numbers... plus a bit of multiplier magic, as those numbers work their way through the markets and end up producing a time-scheduled set of jobs-out numbers?

I'm laying down a benchmark here: if after all is said and done the input number is much more than 100-150 billion, I'll eat my big toes.

I see this steady message for at least the next year from the frontier of recovery: "The stag continues. All engines... half steam ahead!"

14:43, Thursday, February 4, 2010

Fish in a barrel

By Owen Paine on Thursday February 4 02:43 PM

This, like most of my posts, prolly comes more from left field than left wing, left out than left bank... but here goes.

I think the north hemisphere's greater left wastes too much energy pasting America's vicious clever spitefully greedy familiar, li'l Generalissimo Mini-Me Israel. The zionic rattlers are all long since so utterly exposed, what more might one say? The nasty little imp ain't gonna go away, no matter what we do.

Surely the whole business is like the perfect fast bag at the gym -- soft to the knuckles but durable and able to rattle around and back at you just as fast as you can punch it. Better even than a tar baby because one gets in as many hard licks as one wants.

22:30, Wednesday, February 3, 2010

If they're so dumb -- why are they rich?

By Owen Paine on Wednesday February 3 10:30 PM

I give thanx for a link embedded in a generously brief post by my own personal rabbi of marx-sizzle-ism, the cranberry muffin king among list-masters, Lou Proyectile. 'Cause here is the ultimo locus-loco of the "Uncle's Borg cubes sap our humanity" riff. Title: "The Limited Minds of the American Elite":

1) Project and prospect:

"We could easily dismantle the empire -- carefully, safely, with deliberation -- over the next ten years. It is a reasonable, moderate, serious option. It would not require violent revolution or vast social upheaval...Such an alternative is entirely achievable, by ordinary humans; it would require no divine miracles, no god-like heroes to bring it about."
Vision of the chance to make America anew:
"Dismantling of America's global military empire -- and its global gulag -- would save trillions of dollars in the coming years. Not only from direct military spending, but also from the vastly reduced need for "Homeland security" funding in a world where the United States was no longer invading foreign lands, killing their people, supporting their tyrants -- and inciting revenge and resistance.

This would release a flood of money for any number of "new domestic initiatives," while also giving scope for deep tax cuts across the board. Working people would thrive, the poor, the sick and the vulnerable would be bettered, businesses would grow, opportunity would expand, the care and education of our children would be greatly enhanced [but] those who have feasted so gluttonously for so long on blood money would not be quite as rich as they are now."

2) The jinxers:
"Such a society is precisely what our elites cannot -- or, to be more accurate, will not -- imagine. Because, yes, it would "erode" their "influence" around the world to some extent. Although they would still be comfortable, coddled and privileged, they could no longer merge their individual psyches with the larger entity of a globe-spanning, death-dealing empire -- a connection which, although itself a projection of their own brains, gives them a forever-inflated sense of worth and importance... our elites.. can no longer fathom life without the exercise -- and worship -- of unrestricted power that empire entails. They will not accept -- or even contemplate -- any alternative to it."
3) The challenge:
"Empire -- the imposition of dominion by violence and threat of violence, and the financial and moral corruption this breeds, the malevolent example it sets at every level of society -- is the canker in the body politic. Until it is dealt with, there will be no healing, no hope, no change -- just more degradation and disaster all down the line."
No doubt it would be a great thing if Uncle took the Chalmers Johnson opt-out route. But there is no discussion of how the rest of the globe might reconfigure itself after Uncle walks away from his empire role -- apparently in ten annual steps.

Say we accept this Gedanken Swedenizing of Norte America for a moment. Uncle Sven's neat new inward-looking gig would not spell an end to global empiring, would it? Peripheral national liberators would still find their task unchanged -- they would in the end succeeed only by playing off the contradictions between the successor "great powers".

Now to the pious reform of the metropole named America itself. Goo-goo strugglers, prepare yourself: we can at best only impede the borg machines. We cannot choose to dismantle the borgs by means of majority rule. It's against the laws of Clio.

If it looks to some of us hopeful sorts like it might happen anyway, bet on this: Clio will soon enough show us otherwise through her faithful agents, our guardian class. They are a global sort now, unlike their great- great- grandfathers. They are not narrow nationalists and the love of global "influence" -- let alone the joys of a psychic "merge" or "projection" -- has nothing fundemental to do with it.

Their global perspective is an operational necessity; their corporate imperial state a global sine qua non. To them, the loss of the borgs would mean a loss of unimpeded corporate empire, a loss of freedom to span the globe in search of higher returns.

In the end, obviously, this means a loss of wealth, and what's more, given their Faustian spirits, a loss of the potential for even greater wealth. They will see to it we don't vote this away, and if necessary, kill lots of us in the process. That is one civil war the bad guys would win under today's conditions.

The end of Uncle's primo earthwide status would directly and seriously dwarficate our the wealth prospects of our home-grown hegemons, our very own guardian class. One has only to look at Spain and Britain to see that.

Besides, the cost to us residents here, us weebles along for the imperial ride, is prolly minimal, looked at systemically after all the adjustments are taken into account. The cost of maintaining the borg cubes is shared throughout the world market's interconnected parts of the globe. And these world markets were and are Uncle-rigged affairs from Day One, created modified and maintained to yield advantages that way way more than pay back Mr Hegemon for his blitz machines.

Final big point: the domestic welfare of substantial hunks of the the primo nation's toiling oppressed and exploited masses can be lifted up, goo-goo style, as part of an opportunistic package deal, like the one struck in the early 50's between the soon to be moiged CIO and the corporate industrial sector; or in the 70's between law-abiding Southern black communities and new-South whitey.

Where are we now in the reform/reaction cycle? The Reagan revival has lead by means oblique to its opposite, praise Clio. Now whether this means we're headed into maybe something big like a New Deal II, or just a very old oft-told and retold story called "muddling through"...

We'll just have to go out there into the thick of it, and see what we can make of the opportunity -- eh, strugglebugs?

14:09, Tuesday, February 2, 2010

Bipartisan agreement on child abuse

By Michael J. Smith on Tuesday February 2 02:09 PM

My rabbi Doug Henwood has a good memory. He writes:

The difference between the parties

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/29/AR2010012903259.html

Education Secretary Duncan calls Hurricane Katrina good for New Orleans schools

Education Secretary Arne Duncan called Hurricane Katrina "the best thing that happened to the education system in New Orleans" because it forced the community to take steps to improve low-performing public schools, according to excerpts from a television interview made public Friday.

---

Wall Street Journal - December 5, 2005

The Promise of Vouchers
Milton Friedman

Most New Orleans schools are in ruins, as are the homes of the children who have attended them. The children are now scattered all over the country. This is a tragedy. It is also an opportunity to radically reform the educational system.

Orthrus:
mascot of the two-party system

Baby needs a new pair of CPUs. Drop a coin or two in the Stop Me! begging bowl, kind reader:


What can you do?

Contact us

stopmebeforeivoteagain [at] yahoo.com

Categories

Creative Commons License

This weblog is licensed under a Creative Commons License.