Annals of the (Completely) Free Market

May God bless Our completely Free, Uninhibited, and Unbiased market economy that, for some reason likely tied to his un-Americanism, noted socialist Obama hates so very much:

By granting exemptions to laws and regulations that act as a deterrent to securities fraud, the S.E.C. has let financial giants like JPMorganChase, Goldman Sachs and Bank of America continue to have advantages reserved for the most dependable companies, making it easier for them to raise money from investors, for example, and to avoid liability from lawsuits if their financial forecasts turn out to be wrong.

Freedom! If we can just keep on keeping Big Guvmint off the backs of these little Mom and Pop operators, just think of all the jobs that will be created when, again, their “financial forecasts turn out to be wrong.” Going to be a big day for us all.

Annals of the (Completely) Free Market

A lot of people when they criticize Ron Paul have to preface their criticism by saying, ‘you know, he’s good guy, he brings a lot to the debate.’ I actually don’t buy that. I do not think he’s a particular good guy … I think it would be better for the Republican party, if he left the Republican party.

Bill Kristol extols the immense value he feels that Ron Paul brings to the debates.

The Invisible Hand

Charles Pierce has some suggestions for a simple, straightforward set of debate questions:

Mr. Romney, please explain in detail how $56 million diverted [by PG&E] from safety measures to incentive bonuses [and directly resulted in an explosion that killed eight and destroyed 38 homes] really is a victory for all Americans in pursuing their American dream in this, the greatest country on earth and the shining city on the hill.

Mr. Gingrich, please explain in detail why a culture of dependency and moral laxity is inculcated among the poor by $200 a month in food stamps, but why it is not inculcated by millions of dollars of “diverted” funds among the executives of the Pacific Gas and Electric Company.

Mr. Santorum, please explain in detail why two happy gay people who get married is an existential threat to the moral foundation of this country, but sucking up money you gouged out of the ratepayers, allegedly to protect them, is not.

Dr. Paul, please explain in detail why markets work better for all of us when they’re unregulated, and why the real solution to an exploding pipeline that kills eight people and wrecks 38 homes is the fact that, because its pipeline killed eight people and wrecked 38 homes, PG&E will suffer a public-relations problem in the marketplace.

Shrill, but Lincoln-Douglas shrill.

The Invisible Hand

Newt Gingrich knows exactly what he is doing when he calls Obama the “food stamp” president, just as Ronald Reagan knew exactly what he was doing when talking about “welfare Cadillacs.” There are lots of other ways to make the point about economic hard times – entirely apart from which person and which policies are to blame for today’s mammoth joblessness. You could call him the “pink slip president,” the “foreclosure president,” the “Walmart president,” the “bailout president,” or any of a dozen other images that convey distress. You decide to go with “the food stamp president,” and you’re doing it on purpose.

If Joe Lieberman had been elected, I would be wary of attacks on his economic policy that called him “the cunning, tight-fisted president.” If Henry Cisneros had or Ken Salazar does, I would notice arguments about ineffectiveness phrased as “the manana administration.” If Gary Locke were in office, then “the Manchurian candidate” jokes that had been used on John Huntsman would have a different edge. And so on. [A specific commenter on my site] may not recognize it as a dog whistle, but I have no doubt that Newt Gingrich knows what it is. I don’t think that Gingrich has had a racist-style political career; on the contrary. But he knows what this language does.

James Fallows on Disgraced Former Speaker Gingrich.

I think this is exactly right. Using this language is a cynical decision; a means to an end, not an overt display of deeply held beliefs on the part of (in this case) DFS Gingrich. He’s a political operator grasping at straws, and selecting the straws he feels are most likely to play well for the task at hand (a southern US primary swing). Ultimately he could care less if this hurts the broader GOP or Romney; if the tactic helps him, it helps him. Period.

The progressive blogosphere would do well to discuss the language, as there’s plenty of meat there. Leaping to the more reflexive, inherently more tribal cries of “Gingrich reveals racist streak” in response will alienate as many or more than it will draw. Making the deeper points about precisely why this language is not only wrong but is disgracefully, knowingly wrong will be far more beneficial long term, as such an approach ends the meme, instead of merely tarring the meme user.

tl/dr: DFS Gingrich needs no help ending his career. We will need lots of help ending these tactics.

Half Measures

ilyagerner:

“So I think this is going to a very, very difficult year and I think, honestly, that HALF-MEASURES LIKE ASSASSINATIONS or sanctions are only going to produce the crisis more quickly. The better way to prevent Iran from getting nuclear weapons is to attack its nuclear weapons program directly, break their control over the nuclear fuel cycle.”

John Bolton, who has endorsed Mitt Romney.

Half-measures like assassinations!

And but also, I’d like to know exactly how an attack is anything less than a half-measure? Even if said attack works perfectly, and utterly eliminates all nuclear facilities “known” and “unknown,” precisely how does this “break their control” over the nuclear cycle? Within six or nine months they are presumably already right back at it, with a deeper, or more secretive laboratory. Or they never stop because, you know, they already had a deeper or more secretive laboratory. And now you’ve done nothing more than provide indisputable proof that they need nuclear weapons. Only way to fend off these Americans and their constant nosing into our bidness.

Bolton’s “plan” only works, in fact, if you a) go nuclear and functionally exterminate all living matter in Iran, –or– b) conventionally or otherwise invade and govern Iran. There is no other way that has any reasonable chance of success. Period.

I suspect the American people would poll dramatically against either of those “kill ‘em all” style outcomes. Therefore it might behoove reporters to ask about them directly such that we are all clear exactly what this lunatic and lunatics like him are talking about. But they never do. Shrill. We have learned nothing from the W. Bush administration and, apparently, never will. So the Republic crumbles.

I Think He’s Got It!

Dave Weigel points out the lesson from Iowa and, as I read it, the broader outlines of the GOP primary thus far:

Four years ago, a depressed GOP went to the precinct caucuses, very well aware that Democrats had all the energy. The total GOP vote: 119,188. This year, Republicans should be psyched about the chance to uproot Barack Obama. There will be something above 122,000 total votes. An improvement, right? Well… in 2008, 86 percent of the people who chose the GOP caucuses were Republicans. This year, 75 percent of the electorate was Republican, with the rest of the vote coming from independents and Democrats. What the hell happened?

What happened is those independent and non-GOP folks are Ron Paul voters; also, pretty much anybody under 65 in the room. So, in what should be a high voter interest year, in the “early” state with the most potential to generate that largely white, evangelical, “Obama is ruining the country” style fervor that the GOP counts on to win its national elections you get…depressed turnout, most of which has no interest in the frontrunner and a large chunk of which isn’t really even interested in your party, much less your presumptive candidate.

So far, Mitt is right where he was in 2008. That’s your story. If there was a true frontrunner here he would have, again, finished well back and would (again) be poised to under-perform in his “firewall” of New Hampshire. Instead, he’ll under-perform and but also win there. That will soften the inevitable South Carolina blow, keep things just interesting enough for the media circus to stay engaged, and only serve to delay the inevitable “well, I guess we have to nominate him now” triumphant GOP convention moment down the road in Tampa. Mitt Romney, reporting for duty! I can already smell the rising tide of national excitement.

I Think He’s Got It!

The DFS Gingrich Who Stole Mittmas

Disgraced Former Speaker Gingrich: [Mitt Romney] is a man whose staff created the PAC, his millionaire friends fund the PAC, he pretends he has nothing to do with the PAC – it’s baloney. He’s not telling the American people the truth. It’s just like this pretense that he’s a conservative. Here’s a Massachusetts moderate who has tax-paid abortions in ‘Romneycare,’ puts Planned Parenthood in ‘Romneycare,’ raises hundreds of millions of dollars of taxes on businesses, appoints liberal judges to appease Democrats, and wants the rest of us to believe somehow he’s magically a conservative. […] But, let’s be clear, which part of what I just said to you is false? Why is it that if I’m candid in person and I wanted to be honest in person, that’s shocking? If [Romney’s] PAC buys millions of dollars in ads to say things that are false, that’s somehow the way Washington plays the game. Isn’t that exactly what’s sick about this country right now? Isn’t that what the American people are tired of?
Very Serious Person Bob Schieffer: But Mr. [Disgraced Former] Speaker, what you’re saying is ‘Folks, Barack Obama is so bad that we’d be better off electing a bald-faced liar to the presidency, somebody that we would never know if he was telling the truth.’ That is pretty strong stuff
DFS Gingrich: Well, I’ll let you go and check his record, Bob. Look, you’re a professional reporter. Did he support Reagan in the ’80s or not? The answer is no. Did he vote as a Democrat for Paul Tsongas in ’92 or not? The answer is, yes, he did. Did he say that he didn’t want to go back to the Reagan-Bush years in ’94? Yes, he did. Did he run to the left of Teddy Kennedy? Yes he did. Now, why is it politically incorrect to tell the truth?
Lemkin: I’ve seen no evidence that Bob Schieffer is a “professional reporter,” Newt. Why do you lie so much? I’m surprised Schieffer didn’t punch him right in the nose. Shrill, I suppose. Better not to take sides…

I’ve talked to enough members over the last 24 hours who believe that, ‘Hey, we don’t like this two month extension [but] if you can get this fixed, why not do the right thing for the American people, even though it’s not exactly what we want.

John Boehner, completely misunderstanding the position of his caucus. Either it’s exactly what we want or we blow up the country. Right, John? Right?