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Tax-hike scare goes up in thin air

11:23 am in Uncategorized by acmerecords

cross posted at the demise

Honor Among Thieves. Just the difference of a suit of clothes – by Homer Davenport, 1900

An academic study released by an economist from the University of Massachusetts found that one of the scare tactics used by both federal and state lawmakers for not raising taxes and instead cutting back funding of public works and social services is based on a falsity.

A review of recent research performed by economist Jeffrey Thompson found that there is no evidence to support the often-employed claim that the wealthy will flee states that raise taxes to pay for public services. The study actually found that the most wealthy tax payers were less affected by tax increases in general and were therefore even less likely to consider moving out of state due to increases in their taxes.

Research on the subject found that that family and community ties and the difficult prospect of moving entire families out of state assuages both high wage earners and lower wage earners from considering a move simply due to a state imposed tax increase. Thompson said that the ability of the wealthy to “absorb such increases is obviously strongest,” and therefore such households ”are less likely to cut back on spending as a result of tax hikes.”

Thompson’s study also shows that the carnivorous business class’s deployment of crude ayn randian ‘objectivist’-styled scare tactics that hold that greed is the single most important driver in human relations (the passive-aggressive tactic of threatening to ‘take-my-ball-home’ and justifying the threat by suggesting that the selfish act is somehow legitimate when viewed from a faux ‘cost benefit analysis’ point of view) falls flat when that analysis takes into consideration the desires of even the most wealthy in our society to be part of a community, to know one’s neighbors, to participate in the local school systems, churches, public projects – to achieve both personal growth and to make our communities better for every citizen.

In fact, contradicting the meme broadcast by captured politicos and dreamed up by businesses that see nothing wrong with exacting tax giveaways, tax rebates and other tax avoidance schemes that benefit them from politicians while at the same time advocating starving public programs and reneging on contracted pension benefits, many wealthy wage earners told researchers that they felt obliged to pay more for programs and services that make the community a better place.

Unclear on the concept cavalcade continues to corrupt citizens’ consciousness

4:16 pm in Uncategorized by acmerecords

cross posted at the demise

Ripped from the headlines, the news seems to suggest that rank and file democrats are following their standard bearer’s ‘style’ when it comes to solving some of the more pressing and complex problems that we face togehter as a nation. Its good to know that these followers have appreciated the efforts made by the Obama administration to “set the tone” as we sally forth together to solve these troubling and significant criminal and cultural problems.

Democratic leadership acts as anti-equal justice vigilante, taking personal initiative to smash the concept of equal protection under the law with of get-out-of-jail-for-free winks and nods to felonious bankers

President Obama, referring to the his administration’s broad based policy of agreeing to non-prosecution agreements drafted by private businesses who have been accused of criminality, reassured citizens angered by the administration’s apparent disregard for the law when he stated; “Well, first, on the issue of — on the issue of prosecutions on Wall Street, one of the biggest problems about the collapse of Lehman’s and the subsequent financial crisis and the whole subprime lending fiasco is that a lot of that stuff wasn’t necessarily illegal, it was just immoral or inappropriate or reckless…You know, the financial sector is very creative, and they are always looking for ways to make money. That’s their job. And if there are loopholes and rules that can be bent and arbitrage to be had, they will take advantage of it.”

Democratic president acts as anti-international and anti-US constitutional law vigilante, pommeling treaties and settled US law with the truncheon of a non-investigation promise to American torturers

A short two months after winning the election in 2008, and just days before taking an oath that requires him to “protect and defend the constitution”, president Barack Obama, speaking on television on January 10, 2009, advised Americans of his unconventional plan for enforcing treaty obligated, legally codified and constitutionally mandated prohibitions against torturing human beings, stating; “Part of my job is to make sure that, for example, at the CIA, you’ve got extraordinarily talented people who are working very hard to keep Americans safe. I don’t want them to suddenly feel like they’ve got spend their all their time looking over their shoulders…(I operate on) a belief that we need to look forward as opposed to looking backwards.”

Democratic president acts as anti-health vigilante, taking personal initiative to smash the public healthcare option with cudgel of disingenuousness and lies

Speaking to a gathering of actually important Democratic party supporters in September of 2010 who paid $30,000 each to sup with President Obama, the president took time to put critics of his signature insurance industry bail-out plan called the Affordable Care Act in their place, saying, “Democrats, just congenitally, tend to get — to see the glass as half empty. (Laughter.) If we get an historic health care bill passed — oh, well, the public option wasn’t there.”

Democratic president acts as anti-constitution vigilante, taking personal initiative to bug-splat American citizens with no judge’s order

In a new book regarding the 2010 presidential campaign, President Obama confirms one of the skills that he has consciously honed and perfected since he became president of the United States. Having overseen the conveyance of sky-death to hundreds of innocent humans as he personally ordered hundreds of drone executions, Obama reflected on his new-found passion, stating, “I’m really good at killing people.”

Democratic president acts as anti-privacy vigilante, taking personal initiative to bludgeon the notion of private communication for every member of the human race with complete and unrelenting surveillance

Speaking to a troubled populous after they were informed of the un-warranted and warrantless surveillance of all Americans, and most citizens of planet earth, for the entire time he has been president, Barack Obama sought to calm the concerns of Americans when he advised in July 2013 that, the “modest encroachments on privacy” were “worth us doing” in furtherance of protecting the homeland. Obama reminded Americans that, while not specified in the US Constitution, “There are some trade-offs involved,” when it comes to protecting the homeland.

Democratic leadership teams with Republican leadership as anti-sick person vigilantes, taking personal initiative to scheme to beat back relief payments to American patients with technical accounting brick-bat

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this just in : Pope denounces heelots, reads FDL

3:31 pm in Uncategorized by acmerecords

Earlier this week, during a homily given at a daily mass that Pope Francis offers, the newly appointed leader of the Catholic Faith, in a head-spinningly Christlike fashion, officially denounced human greed and the worship of money.

The pope told the millions and millions of people who claim faith in the Catholic expression of Christianity, the world’s oldest religion founded upon the teachings of the first century proto hippy and anti-capitalist named Jesus of Nazareth, that money, “leads…to idolatry,” and going further, stated that money, “destroys your relationship with others.”

In a message that mirrors a recent post at the website firedoglake.com called “To hell with the heelots and then, to the hills!”, the Pope continued, “Its not the money but the attitude, what we call greed. Then too this greed makes you sick, because it makes you think of everything in terms of money. It destroys you, it makes you sick,” revealing both his contempt for amoral capatalism and that he is a closet FDL reader.

Though Francis did not personally castigate the world’s heelots worship of money, his appeal echoed the words of the “Colonel” from Frank Capra’s classic depression era film, “Meet John Doe”:

“Then you get hold of some dough, and what happens? All those nice, sweet, lovable people become heelots. A lotta heels. They begin creeping up on you—trying to sell you something. They’ve got long claws and they get a strangle-hold on you —and you squirm— and duck and holler— and you try to push ‘em away— but you haven’t got a chance— they’ve got you! First thing you know, you own things. A car, for instance. Now your whole life is messed up with more stuff—license fees— and number plates— and gas and oil— and taxes and insurance— and identification cards— and letters— and bills— and flat tires— and dents— and traffic tickets and motorcycle cops and court rooms— and lawyers— and fines. And a million and one other things. And what happens? You’re not the free and happy guy you used to be. You gotta have money to pay for all those things—so you go after what the other feller’s got— And there you are—you’re a heelot yourself!

The office building that houses the managers of the Catholic Church, a worldly institution that has over the course of two thousand years made substantial investment in the worldly things that make up this worldly world, including becoming one of the world’s largest property owners, was said to have shaken violently causing windows to shatter and roof tiles to shake loose when a room full of bishops, who were listening to the pope’s homily on the papel intercom system (PIS), shouted in harmonic unison “Jesus Christ!, what is he saying now!”

Patriotism, marketism, exceptionalism – destinyism? : The prison of the isms

11:08 am in Uncategorized by acmerecords

cross posted at the demise

Portrait of Columbus

A recent holiday lets one reflect on occupation and power.

Columbus Day can be a warm day or a cold day (and this year was spectacular autumn falling through cool sunshine) but it always provides an opportunity to reflect on the day as a holiday representing as it does a kind of anachronistic celebration of manifest destiny – and we know that we have grown beyond all that…shameful as it is as a part of our history.

It had to be someone, and it was Columbus who ‘discovered America’ and, among other accomplishments, initiated the Euro-American human trafficking biz. We are reminded of both the inhuman brutality and stark commercial natures of this from Columbus’ own diaries where he comments off handedly that due to the free market demands of Euro customers, “dealers” are always looking for young girls and “those from nine to ten are now in demand.”

A few days ago I saw an investigative journalism piece by Raveena Aulakh who writes for the Toronto Star called, “I got hired at a Bangladesh sweatshop. Meet my 9-year-old boss”. In the article, Aulakh describes the harrowing lives of child garment factory workers in Bangladesh where she took a job for a week posing as a willing sweatshop worker. Her nine year old boss, Meem, works making linen shirts for shirt wearing customers somewhere beyond the streets of Dhaka in 12 hour shifts 7 days a week with half days on Friday making $32 dollars Canadian monthly (10 cents an hour). Meem’s dream: to advance from being a sewing helper to become a sewing operator. Aulakh writes that in Bangladesh, “Factory managers prefer younger sewing helpers…Their eyesight is better, their little fingers nimbly trim threads and they don’t fuss about backaches and neck pain.”

Ahh…commerce – always able to find value to be tapped to meet the market’s needs. Why, one may ask, are the market’s needs so important that Meem has to set her tiny feet on the rat race conveyer belt? Why is it so difficult for us to compute the true cost of global commerce as it is paid out in jobs lost at home and slave work created in ‘opened markets’? What makes us deserve to be decked out in daywear assembled out of the attenuated aspirations of the world’s children? Today I am wearing clothing made in Guatemala, Viet Nam and China.

We here in the US recently had a socialist finger wagged in our collective face when Vladimir Putin scolded, “It is extremely dangerous to encourage people to see themselves as exceptional, whatever the motivation. We are all different, but when we ask for the Lord’s blessings, we must not forget that God created us equal.” The chastising came after President Obama described his military’s delivery of cruise missiles that will (as we all know, like we know where our linen comes from) level homes and schools killing innocent humans (which we call ‘collateral damage’ so as to not think too hard about the practicalities of the dynamic– in much the same way we call Meem an ‘employee’ so as to not think too hard about the practicalities of the dynamic) thusly:

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To hell with the heelots and then, to the hills

1:14 pm in Uncategorized by acmerecords

cross posted at the demise

As this divided, infrastructurally decrepit, middle class obviated, finance industry indentured, environmentally forsaken, compassion suppressing, rich get richer, war is the only answer, private capital coddling country slides off the rails towards the only demise that its choices can afford it, inhabited as it is by government protectors of big business who scream about government overreach, pettifogging mouthpiece Nobel Peace Prize winners who describe their child victims as terrorists expecting that their ‘framing’ absolves them from war crime guilt, humanitarians who call for the cindering of civilians, government regulators who claim they have only the power to de-regulate industries, criminal enforcement entities who wink&grin with private business owners as they say they cannot prosecute crimes unless they are committed by poor people, American patriots whose vision of freedom is to be freed from contributing to the common good and freed to move tax payer bailout money to untaxable off-shore accounts, political party apologizers who gladly accept tens of thousands of deaths every year in America so they can assert that laws created by the insurance industry to protect it from being thrown on the ash heap of history are somehow helping our poor and sick to receive care, I look out my Midwestern window today to have revealed to my weary eyes, a clump of river birch trees accepting its fate of dying to the winter, its beautiful death-shroud of golden leaves quivering in the portent of a northerly breeze. I am inspired today to sing praise to the bull-shit callers, the question askers (and answer demanders), those who will not give in or up as the fresh face of modern US neo-fascism glares threateningly back, the whistle blowers, the debate goers, the seed sowers who call out the collateral victim mowers, the division growers and baby in the bathwater throwers – those who recognize these ‘heelots’ for what they are and know that standing firm is the only stance to take when “standing up”.

Robert Riskin wrote the screenplay for the classic American film “Meet John Doe”, based upon a story by Richard Connel and Robert Presnell. The Capra film was released in 1941, but really reflects the time period of America’s last depression. As many know, the story involves a scheme concocted by a jaded newspaper woman who has been fired when a new owner of her newspaper comes in to “clean house”. The reporter convinces ‘John Doe’, an innocent country boy, to pretend to threaten to commit suicide due to the economic misery and America’s political intransigence to remedy the suffering, which gives the recently fired reporter an exclusive story – saving her job. The scheme careens out of the control of the schemers when the concocted story ignites a massive popular movement among regular Americans who are seeking both relief from the crushing economic depression as well as answers from politicians and the captains of industry. In an interesting fictional parallel to an historic incident, America’s industrial magnates conspire to seize control of the movement and utilize the agitated populace to instigate a coup, taking over America and instituting a fascistic new government that is directed by rich business owners to protect private capital and subordinate America’s workers and neuter the nascent popular political movement.

I know readers will see in this story many parallels to our current times – with the obvious exception being the fact that, during the previous depression, Hollywood would allow such a piece of socialist agit-prop to hit the big screens across America (even with its softening sub-plots) – and I encourage readers who have not seen this film in a long time to seek it out and view it comparing its mise-en-scene with today’s messy scenes in the USA; but my intent of bringing up this wonderful film is to call attention to a scene where ‘the Colonel” (played beautifully by Walter Brennan) gives his soliloquy, expounding on freedom in (from) this modern world.

After agreeing to the scheme, the hoboing John Doe is fed a meal, given new cloths by his newspapermen handlers, and $50 “spending money”. All of which leads to the Colonel frustratedly expressing his philosophy to a room full of regular modern Americans, city folk to be sure – but regular folks, just like those country folks in the American hinterland: Read the rest of this entry →

Presidental proffer of ‘protection’ to pilfer pensioner’s pocketbooks is pathetic

3:57 pm in Uncategorized by acmerecords

cross posted at the demise

Social Security card

Will Obama sacrifice social security to the Republicans?

As part of the agreed to by all parties ‘government shut down’ congress is contemplating resurrecting elements of President Obama’s so-called ‘grand bargain’. One of the president’s proposals, lifted as many of his ‘ideas’ are from the wish-list of fiscal conservatives intent on ‘ending social security as we know it’ including the Heritage Foundation, would require that social security recipients receive reduced cost of living increases, decreases that compound over time. Meaning, the longer a Parkinson’s patient is sick and relies upon government benefits, the more her social security will diminish. The change to social security that President Obama (D-IL) has proposed is referred to as the “chained CPI”.

Social Security payments to our disabled citizens average $13,548 per year. Social Security payments to America’s retirees average $15,228 per year. More than 53 million Americans receive these small benefits which help to keep them out of poverty. The Congressional Budget Office estimates that the chained CPI proposed by President Obama in his 2014 budget will cut Social Security benefits to all recipients. The president calls his plan to reduce social security benefits a “protection,” I call it a pathetic capitulation to America’s wealthiest citizens.

The greedy statisticians who are pushing use of the Chained CPI assert that because of the way inflation is currently assessed, social security recipients are getting too much money; proponents of this scheme to reduce payments to our seniors and disabled assert that social security recipients currently receive an “unearned benefit” and that this, as opposed to unfunded military invasions for example, increases the budget deficit.

As far as I can tally, the average social security yearly payment of $14,388 represents a miniscule 8.2 percent of the congressional ‘take home pay’ of $174,000. Congress persons make $159,612 more than our average social security recipient, and these people think our sick and elderly are making too much? When a retired fire fighter receives $15,228 per year or a sick patient receives $13,548 per year in social security benefits, it is very difficult for me to conceive that there is a way that these deserving Americans are receiving an “unearned benefit.”

82 House Democrats oppose the President’s plan to cut payments to the disabled and seniors.

Contact your Democratic representative today and ask if they support taking money away from the sick and elderly.

Contact the White House and ask why a Democrat would propose cutting benefits to the sick and elderly.

We need to stand for our elders and our disabled neighbors — we need to make sure democratic politicians know that if they support diminishing social security they will LOSE THEIR JOBS.

“Resolve yourself to evolve yourself. Evolve, revolve. Evolution, revolution”  –Lend a hand by #theCCC
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Frankie’s exceptional exceptions to American Exceptionalism

12:57 pm in Uncategorized by acmerecords

cross posted at the demise

Pope Francis

A progressive pope and a regressive president?

In the brave new bizzarro world where the head of the two thousand year old capital serving, land owning, supporter of bloody imperialists and thieving enterprises on 6 of the seven continents known as the Catholic Church comes out as an unabashed adherent to the transmitted ‘teachings’ of the barefooted, long-haired, anti-institutional religion, anti-capital accumulation, anti-money lending institution, supporter of the poor and dispossessed, promoter of the union of brethren humans including our avowed ‘enemies’, exclaimer to a world of owners, “give up all that you own and follow me,” wandering philosopher and proto-hippie known as Jesus of Nazareth, we have the opportunity to reassess the claims of talk-tv screamers, political reamers, surgical strike schemers, imperial pipe-dreamers, military full-steamers, geo-political extremers and America-first home-teamers whose dreams to pillage and plunder abroad and pacify peasants at home have always been couched in language exactly like this; “I believe we should act. That’s what makes America different. That’s what makes us exceptional. With humility, but with resolve, let us never lose sight of that essential truth.” (Barack Obama, Washington DC, 09.10.13)

So, using the exclamations of the nation’s current most vocal supporter of what is known as “American Exceptionalism” (by the way, this word “exceptionalism” always comes up on spell-check as ‘not in the dictionary’) let’s see what we can glean about what exactly “That essential truth …” is here in the good ‘ol USA;

Pope Francis on capitalism:
We must say: ‘We want a fair system; a system that allows everyone to move forward.’ We must say: ‘We do not want this globalized economic system that does so much harm.’ At the center has to be man and woman, as God wants – not money.

Barack Obama on capitalism:

Well, first on the issue of prosecutions on Wall Street, one of the biggest problems about the collapse of Lehmans and the subsequent financial crisis and the whole subprime lending fiasco is that a lot of that stuff wasn’t necessarily illegal, it was just immoral or inappropriate or reckless.

Pope Francis on economic growth:

This is not just a problem of Sardinia; it is not just a problem of Italy or of some countries in Europe. It is the consequence of a global choice, an economic system which leads to this tragedy; an economic system which has at its center an idol called money. Grandparents are thrown away and young people are thrown away…And we must say no to this throwaway culture…A change of attitude… is needed on the part of everyone, moving away from attitudes of defensiveness and fear, indifference and marginalization – all typical of a throwaway culture – towards attitudes based on a culture of encounter, the only culture capable of building a better, more just and fraternal world. Development cannot be reduced to economic growth alone, often attained without a thought for the poor and the vulnerable.

Barack Obama on economic growth:

We can do more. So I’ll push new initiatives to help more manufacturers bring more jobs back to America… Let’s tell the world that America is open for business… Let’s offer incentives to companies that hire Americans who’ve got what it takes to fill that job opening… We’ll give new tax credits to businesses that hire and invest… I’m also proposing a Partnership to Rebuild America that attracts private capital to upgrade what our businesses need most…

Pope Francis on immigration:

Will it be modern madness or reefer madness?

6:04 pm in Uncategorized by acmerecords

cross posted at mLaw

Half Ounce of Pot Gets Louisiana Man Twenty Years in Prison

Man sentenced to 3 years for cannabis plea

California dispensary owner sentenced to 22 years in federal prison

Marijuana dispensary operator Aaron Sandusky sentenced to 10 years

Hennepin County sheriff: Lax marijuana enforcement is bad

Homeless man with sign: Give Me Weed, a cop approaches

Is cannabis dangerous to American empire?

For the record, for what it’s worth, and while every (generally assumed to be well intentioned, but still demonstrably) ill-informed, under-informed or outright propagandized ‘stake holder’ is chiming in about how to legalize cannabis, or not legalize as the case may be, we here at mLaw think it is part of our civic duty to express our very real concern, founded as it is upon significant anecdotal experience and ceaseless empirical study, regarding what is, to our minds, perhaps the most frightening and destructive (frightening and destructive to average American families, institutions of higher learning and the halls of power in the US) aspect of a typical American cannabis user’s outlook and mindset that, should cannabis be legalized in the US, could weave its way into the fabric of the American psyche.

As the debate churns on in the US about how to move beyond the prohibition of cannabis it is mostly being carried out by;

• ashamed dry-dopers who are as concerned today about burnishing their “legacies” as they were years ago about ensuring that all of the “choom” is consumed by employing the technique of “total absorbsion”,

• interested private parties who have made scads of booty while cannabis has been illegal (from private prison builders to pharmaceutical manufacturers and liquor distillers),

• propagandized daddies and mommies who fear for their toddlers who someday may choose to put a buzz on and consequently find themselves at ‘rock bottom’ (after taking a frightening and uncontrolled death ride on the devil’s own highway) being elected president of the United States (see the horrific life stories of Ronald Reagan, Bill/and Hillary Clinton, George W. Bush and Barack Obama, for example), and,

• members of our respected federal, state and local law enforcement establishment (who worked together to arrest more than 800,000 Americans for drug possession in 2011 and 749,825 last year, with 87 percent being cannabis possessors, and during the same time period arrested just over 500,000 Americans for violent crimes – 4.2 percent of all arrests, compared to drug arrests which comprise 12.7 of all arrests in 2012) who just love throwing scary and dangerous college kids into jail, ruining their lives forever with a criminal record, because they look so good in their body armor and mirrored aviator sunglasses.

While any sentient being can see that the debate is hopelessly tilted toward ill-conceived and dangerous support for maintaining federal prohibition by these highly vested parties, we have to remember the deep and ever metastasizing psychological and philosophical toll exacted on our country’s body politic when our citizens choose to use cannabis. Because of this, the editors of mLaw want to go on record to state our belief that:

The use of cannabis by otherwise law abiding, thoughtful, intelligent, productive US citizens is in fact a threat to our current society in general and modern America in particular…

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Faith in humanity restored : realization that politicians are not humans reiterated

7:29 pm in Uncategorized by acmerecords

When I stumbled into the piercing daylight of an early September afternoon on the blasted plains of the Midwest, spun through the automated revolving door of a privately run Lutheran hospital, I landed back in America, the only industrialized country that does not consider health care to be a human right, where handcuffing health care to employment is the law and massive unemployment is the norm.

Doctor with stethoscope

Why isn’t health care a human right everywhere?

I was held as a patient for 5 days. I am a worker with health insurance, my brother is a worker (who works harder than me) who does not have insurance. If my brother would have eaten the subway tuna sandwich that I ate he would have either died (from not seeking medical attention) or have to file bankruptcy after seeking medical attention.

While I was sick I was tended to by Izabella, Amy, Amanda, Rey, I, Michael, Joanna, Yoni, Donna, Niki and a host of other humans. These little big people gave me my health and restored my faith in humans (humans who want/need/have to help other humans). So strange that this obvious notion has been lost or commoditized and industrialized in the US.

I was reminded by this of when, as a recent college graduate, I traveled to Europe and North Africa. While in Morocco, I accepted the offer of a family living in the High Atlas Mountains to share a meal–a meal of cheese, bread, butter and tea, the dairy products were not pasteurized. I left Morocco after being ill for a week, huddled and shivering in my bedsit hotel in Marrakesh. When I arrived back in Oxford UK, where my brother and his wife lived, I called a local doctor seeking drugs to make the intestinal parasite go away. I was given an appointment that morning. I was given an exam with blood work-up. I walked out with a prescription having paid 7 pounds 50. I am an American with a passport. I was treated like a human, a sick human, with care, dignity and humanity.

The reason that humans are denied care in our great land is because of greedy Americans and cowardly politicians. The free market doesn’t determine that profits have priority over compassion. The notion of the free market, however, does allow the weak and covetous among us to pretend that there is something more scientific and practical than behaving with humanity. The fearful and the greedy believe that the poor and sick must live horrible afflicted lives until they expire so as not to create a “moral hazard” (I’m not kidding here) by succumbing to the notion that helping our brethren humans is a requirement.

One of my first experiences back on planet America was riding a packed rush hour subway train. Here the slow, ill, infirm, elderly and pregnant are often left standing while young not-yet-able-to-afford-abandoning-public-transportation workers take a load off, gazing intently at handheld digital devices attempting to convey that politeness is an impolite interruption. I wonder if our job creators and law creators fealty to narcissistic self-promotion, infant-like self-infatuation and naked self-interest has crept into and informed the zeitgeist of America. Or if, at long last, our own self-interest and self-delusion has killed democracy in our country – a land of self-servants incapable of producing public servants.

Time to lend a hand & find our brothers in every man – We’ve always known.
lend a hand by the civilian conservation corps

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Democratic credulity and the scientific religion of free marketism

3:29 pm in Uncategorized by acmerecords

cross posted at the demise

In case there is any lingering hope, that hasn’t yet changed to disbelief or rage, that Democrats have finally torn the gauzy film of free market scientific-theologism from their eyes, we now observe the spectacle of Mr. Obama (a real true Democrat) slathering praise on the lizard-like manipulator consigliore of profit privatization and debt socialization, Mr. Summers, asserting in broad daylight that Summers makes an “outstanding” candidate to head up the Federal Reserve.

Larry Summers - Caricature

Larry Summers – Caricature

I really think that Obama believes that Mr. Summers would be a “terrific” head of the Federal Reserve. And whether he knows it or not, his man-crush on lizard Summers is a significant tell signaling the religion that our Democrat in the White House practices; free market scientific-theologism.

Let’s take a look at some of Mr. Summer’s career achievements in the world of your own personal finances that may help you understand just why our dear democratic leader swoons in defense of Mr. Summers.

When he was an appointee of that other fabulous freemarketeer Democratic president, Bill Clinton, Summers worked on some really high-minded, forward thinking (one might even say world shaking in their outright speculative adventurism) programs that we Americans are still reaping the rewards from : the non-regulation of over-the-counter derivative financial gambling bets and the de-regulation of the nation’s banks that allowed them to enter the world-wide non-regulated casino.

I know that the 15.2 percent of Americans without a job in July 2013 (as reported by the Bureau of Labor Statistics) would surely thank Mr. Summers for his vision for their future, that is on the off chance that Mr. Summers happens to visit the homeless shelter.

Likewise, the households in the US that lost an estimated $16.4 trillion in net worth between 2007 and 2009 will, after a little free-market reeducation provided by our Democratic leadership, certainly wish to thank Mr. Summers for the ‘tough love lesson’ they have received about the free market of financial sector regulation that benefits everyone equally…it’s just like science!

Although it seems to most people that letting greed addled phonies “regulate themselves” as they were (quite literally) making billions in personal wealth by misrepresenting the value of their gambling products may be a bad idea; at the time, Mr. Summers went on record before the US Congress and reassured those corn-pone chumps that “the parties to these kinds of contracts are largely sophisticated financial institutions that would appear to be eminently capable of protecting themselves from fraud and counterparty insolvencies.” I guess in the end, these banking felons actually did do a good job of “protecting themselves” – not so much my retired 3rd grade science teacher…who maybe should have studied the science of ‘free markets’ instead of biology.

It is, however, good to know that – in the long run (or bank run, whatever) – Summers finally agreed with Keynesians when he quoted John Maynard Keynes telling Newsweek in 2009, “When circumstances change, I change my opinion.”

More thoughts from this vessel of magical economic thinking and action;
Mr. Summers says he is in awe of “the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that…. I’ve always thought that under-populated countries in Africa are vastly underpolluted”,

And, Mr. Summers may himself not think that fed chair candidate Janet Yellen is up to the task (given the existence of, well, her ovaries) due to the fact that women, Summer’s asserts, have a “different availability of aptitude at the high end” than us testosterone addled free market he-men.
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