Oswald:Rumsfeld::Podhoretz:Dear Leader

Jonathan Chait: Right, if you imagine that the most important thing [Rumsfeld] did was a huge success rather than a huge failure, then he’s be remember [sic] as a huge success. Not as a huge failure. Likewise, if Lee Harvey Oswald had killed someone who was about to assassinate President Kennedy, rather than assassinating President Kennedy himself, he’d go down in history as a hero.
John Podhoretz: You can be sour about Rumsfeld’s tenure at the Defense Department all you like, and plenty of people are. But offering a cutesy analogy between Rumsfeld and Lee Harvey Oswald has lowered Chait to a base level of rhetorical crassness to which even his questionable standing as an exceptionally graceless writer and amazingly crude thinker had not yet fallen. Now it has. Congratulations.
Jonathan Chait: Podhoretz is betraying here a common confusion between comparisons and analogies. An analogy between A and B does not imply moral parity between A and B. So, for instance, the statement “John Podhoretz rules Commentary with the ruthless style of Kim Jong-il,” would be completely unfair. Kim Jong-il is responsible for the death and brutality of millions, whereas Podhoretz has only brutalized the English language. On the other hand, the statement, “John Podhoretz is to Norman Podhoretz and Kim Jong-il is to Kim il-Sung” would imply that John Podhoretz, like Kim Jong-il, acquired his job in nepotistic fashion and has performed miserably, without drawing any moral parallel between him and the North Korean dictator.

EXTRA: USA NOT BROKE, JUST RESTING

Bloomberg delivers some shocking, shocking stuff:

“The U.S. government is not broke,” said Marc Chandler, global head of currency strategy for Brown Brothers Harriman & Co. in New York. “There’s no evidence that the market is treating the U.S. government like it’s broke.”

The U.S. today is able to borrow at historically low interest rates, paying 0.68 percent on a two-year note that it had to offer at 5.1 percent before the financial crisis began in 2007. Financial products that pay off if Uncle Sam defaults aren’t attracting unusual investor demand. And tax revenue as a percentage of the economy is at a 60-year low, meaning if the government needs to raise cash and can summon the political will, it could do so.

Print out in the largest type possible and stick to the teleprompter of every Serious Person currently inhabiting the media. Likewise, Obama and his proxies need to be talking about this. A lot. So often that we can’t stand it anymore, and then a few million more times on top of that. Then you can start a serious discussion about revenue, which is the only truly serious way out of this mess. Sorry, but it is.

EXTRA: USA NOT BROKE, JUST RESTING

They Are Peons

Bill Simmons writes a little fable:

I am addicted to making money. I have lost any and all perspective. I don’t care if I lose my readers in the short term; they will come back. I don’t care if I lose my staff; I can always find new people. I don’t care about the health of my employees; as far as I’m concerned, they knew the risks. I don’t care if my website is gravitating toward quantity over quality, or that we chase page views with shorter, Google-friendly stories instead of posting the same top-notch content that got people reading us in the first place; I want only to generate more revenue than the previous year.

Technically speaking, it’s all about the NFL ownership and their ongoing labor talks; whatever it’s specifically about it is definitely required reading.

They Are Peons