Showing posts with label Barack Obama. Show all posts
Showing posts with label Barack Obama. Show all posts

Friday, April 14, 2017

One Thing Leads to Another

Reading Hattie's Twitter, I saw she retweeted this from Angry Black Lady, which links to Keith Boykin's tweet.



How the President descends the stairs of Air Force One is unremarkable to me. But I remembered how Obama would canter down (or up) the stairs. And I searched online for "Obama descending stairs."

Read for yourself.

Monday, December 26, 2016

Kunstler: Exit, Hope and Change

Kunstler's overview of the Obama administration.

Kunstler: Exit, Hope and Change.

Yes, that was a gag.

By now, anyone in this country still of sound mind knows that Barack Obama presided through eight years of remarkable continuity — of changeless conditions that left a great many hopeless. As the days of his tenure dwindle, what do we make of the departing 44th president?

He played the role with cool-headed decorum, but that raises the question: was he just playing a role? From the get-go, he made himself hostage to some of the most sinister puppeteers of the Deep State: Robert Rubin, Larry Summers, and Tim Geithner on the money side, and the Beltway Neocon war party infestation on the foreign affairs side. I’m convinced that the top dogs of both these gangs worked Obama over woodshed-style sometime after the 2008 election and told him to stick with the program, or else.

What was the program? On the money side, it was to float the banks and the whole groaning daisy chain of their dependents in shadow finance, real estate, and insurance, at all costs. Hence, the extension of Bush Two’s bailout policy with the trillion-dollar “shovel-ready” stimulus, the rescue of the car-makers, and a much greater and surreptitious multi-trillion dollar hand-off from the Federal Reserve to backstop the European banks with counter-party obligations to US banks.

In April of 2009, Obama’s new SEC appointees, strong-armed by bank lobbyists, pushed the Financial Accounting Standards Board (FASB) into suspending their crucial Rule 157, which had required publically-held companies to report their asset holdings based on standard market-based valuation procedures — called “mark-to-market.” After that, companies like Too-Big-Too-Fail banks could just make shit up. This opened the door to the pervasive accounting fraud that allowed the financial sector to pretend it was healthy for the eight years that followed. The net effect of their criminal fakery was to only make the financial sector artificially larger, more dangerously fragile, and more prone to cataclysmic collapse.

Another feature of life on the money-side of the Obama presidency was that nobody paid a personal price for financial misconduct. This established the basic ethos of Obama-era finance: anything goes, and nothing matters. All the regulators looked the other way most of the time. And when forced to act by egregious behavior, they made deals that let banking executives off-the-hook while their companies shelled out fines that amounted to the mere cost of doing business. It happened again and again. The poster boy for this kind of “policy” — or just plain racketeering — was Jon Corzine, the head of the commodities brokerage MF Global, whose company looted “segregated” customer accounts to the tune of nearly a billion dollars in the fall of 2011. Corzine was never prosecuted and remains at large to this day.

Another signal failure in the money realm was Obama’s response to the 2010 Citizen United Supreme Court decision, which declared that the alleged legal “personhood” of corporations entitled them to exercise “free speech” by giving as much money as they wanted to political candidates for election. Big business no longer had to just rent congressmen and senators, they could buy them outright with cash.

A conservative Supreme Court made the call, but Obama could have acted forcefully in the face of it. The former constitutional law professor-turned-politician could have marshaled a response in his Democratic Party-controlled congress to draft legislation, or a constitutional amendment, that would properly redefine the personhood of corporations. It should be obvious, for instance, that corporations, unlike human citizens, do not have duties, obligations, and responsibilities to the public interest; by legal charter they have only to answer to their shareholders and boards of directors. How does this confer the kind of political free speech “rights” that the court allowed them to claim? And how did the Obama and his allies in the legislative branch roll over to allow this disgraceful affront to the constitution to stand? And how is that almost nobody in the mainstream press or academic law even pressed these issues? Thanks to all of them, we’ve set up the primary means for establishing a fascist Deep State: the official marriage of corporate money and politics. Anything goes and nothing matters.

Finally, in foreign affairs, there is Obama’s mystifying campaign against the Russian Federation. The US had an agreement with Russia after the fall of the Soviet Union that we would not expand NATO if they gave us a quantity of nuclear material that was in danger of falling into questionable hands in the disorder that followed the collapse. Russia complied. What did we do? We expanded NATO to include most of the former eastern European countries (except the remnants of Yugoslavia), and then under Obama, NATO began holding war games on Russia’s border. For what reason? The fictitious notion that Russia wanted to “take back” these nations — as if they needed to adopt a host of dependents that had only recently bankrupted the Soviet state. Any reasonable analysis would call these war games naked aggression by the West.

Then there was the 2014 US State Department-sponsored coup against Ukraine’s elected government and the ousting of President Viktor Yanukovych. Why? Because his government wanted to join the Russian-led Eurasian Customs Union instead of an association with European Union. We didn’t like that and we decided to oppose it by subverting the Ukrainian government. In the violence and disorder that ensued, Russia took back the Crimea — which had been gifted to the former Ukraine Soviet Socialist Republic (a province of Soviet Russia) one drunken night by the Ukraine-born Soviet leader Nikita Khrushchev. What did we expect after turning Ukraine into another failed state? The Crimean peninsula had been part of Russia for longer than the US had been a country. Its only warm water naval ports were located there. They held a referendum and the Crimean people voted overwhelmingly to return to Russia. So, President Obama decided to punish Russia with economic sanctions.

Then there was Syria, a battleground between the different branches of Islam, their sponsors (Iran and Saudi Arabia), and their proxies, (Hezbollah and the various Salafist jihad armies). The US “solution” was to sponsor the downfall of the legitimate Syrian government under Bashar al-Assad. We apparently still favored foreign relations based on creating failed states — after our experience in Iraq, Somalia, Libya, and Ukraine. President Obama completely muffed his initial attempt at intervention — the “line-in-the-sand” moment — and then decided to send arms and money to the various Salafist jihadi groups fighting Assad, claiming that our bad guys were “moderates.” Meanwhile, Russia stepped in to prop up Assad’s government, apparently based on the idea that the Middle East didn’t need yet another failed state. We castigated Russia for that.

The idiotic behavior of the US toward Russia in these matters led to the most dangerous state of relations between the two since the heart of the Cold War. It culminated in the ridiculous campaign this fall to blame Russia for the defeat of Hillary Clinton. And here we are.

I didn’t vote for Hillary or Donald Trump (I wrote-in David Stockman). I’m not happy to see Donald Trump become president. But I’ve had enough of Mr. Obama. He put up a good front. He seemed congenial and intelligent. But in the end, he appears to be a kind of stooge for the darker forces in America’s overgrown bureaucratic Deep State racketeering operation. Washington truly is a swamp that needs to be drained. Barack Obama was not one of the alligators in it, but he was some kind of bird with elegant plumage that sang a song of greeting at every sunrise to the reptiles who stirred in the mud. And now he is flying away.
[Emphasis mine.--P.Z.]

Next week, I’ll post the 2017 forecast..

Saturday, September 10, 2016

Figuring Out Twitter Background Photos, Part 1

In case you wondered what was that photo Nancy Nall uses as the background for her Twitter. I knew it was a heavily-marked up page from a speech, then I figured it was an Obama speech about health care.

Obama Revisions."

The photo itself.

Wednesday, April 06, 2016

On Obama's Historical Legacy

As I just commented at Hattie's Web, Obama was constrained by a number of things, but was never out to tear down the system to begin with. Still, he managed to effect changes which will become more apparent in the years to come. And, he has become much bolder in his second term. His demeanor is gentlemanly but he is no pushover.

"53 Historians Weigh In on Barack Obama’s Legacy."




Tuesday, August 04, 2015

Monday, November 11, 2013

Kunstler: The Turning

Kunstler: The Turning

In these northern climes, this turning into the year’s final quarter feels written in the blood, or at least into the legacy code of culture. The leaves skitter across the streets in an early twilight, chill winds daunt man and dog, the landscape buttons itself up for the long sleep, and human activity moves indoors — including the arduous festivities around the spooky solstice. We take the comfort that we can in all that. But a strange torpor of event attends this year’s turning. In the year’s final happenings, nothing seems to happen, and what little does happen seems not to matter. The world sits with frayed nerves and hears a distant noise, which is the cosmic screw of history turning.

The nation gets over everything without resolving anything — fiscal cliffs, debt ceilings, health care implosions, domestic spying outrages, taper talk jukes, banking turpitudes, the Syria bluster, the Iran nuke deal fake-out. It’s dangerous to live as though there was no such thing as consequence. Societies have a way of reaching a consensus about something without ever stating it outright. The American public has silently agreed to sit on its hands though one more Christmas and after that things shake loose.

What happens, for instance, in the limbo months of ObamaCare ahead, when people either won’t sign in for health insurance, or can’t because of the stupidity of the website design, and the failure of its work-arounds, and the number rises of people falling seriously ill without insurance, and the ludicrously extortionate hospital bills start rolling in and the machinery of bankruptcy and re-po turns the screws on tens of thousands of families — while the insurance company executives spend their 2013 bonus money on Beemers and McMansion additions? There must be some threshold for criticality there, some breaking point that prompts a swindled population to break out its fabled arsenals. Say, somewhere in America a child tragically dies after being hit by a car and three unsuccessful surgeries to try to fix the damage, and thirty days after the funeral, the uninsured dad gets a bill for $416,000? I doubt a society can withstand many insults like that.

Above all, this big nation has failed to reckon the central quandary of our time: the fatal hypertrophy of finance. This ghastly engine of rackets and swindles is the enlarged heart of a dying body politic, and all we know how to do is feed it more monetary Cheez Doodles. This has been going on far longer than the doctors and the witch doctors thought possible, and there is a foolish hope among the credulous that the larger organism of the economy must therefore be immortal. But the reality-based minority stoically awaits the final congestive infarction.

Everything points to 2014 as the moment the pretending stops and things get real. Nobody believes anymore that the Federal Reserve can replace an economy of authentic transactions with promissory notes. There is only one final thing that can happen with the Fed, and that is losing all control over rising interest rates. Janet Yellen is being set up as one of the epic chumps of history, and proof of her academic fecklessness is the mere fact that she accepted the post as Fed chair. She will preside over a fabulous disappearance of wealth in America. The blame for it will be epic, too, but it will not represent any genuine understanding of what happened.

Much is being made of the loneliness of Barack Obama these days. He also occupies a rather tragic niche in history — or the arc of his story at least points that way these days. Right now, it is very hard to tell whether he has been a hostage or a fool. He could have moved to break up the big banks in January of 2009, and any time since then he could have sent a memo to the Department of Justice instructing the prosecutions of financial crime to begin in earnest (or replaced the Attorney General). Didn’t happen. Was he being blackmailed by the likes of Jamie Dimon and Lloyd Blankfein, or did he just not know what was at stake?

The history of Barack Obama will be one long record of omissions to act, not just overt failures. He is the Bartleby the Scrivener of our politics. He “prefers not to….” Hence, the powerful lure of the charismatic figure who is sure to act. Adolf Hitler was very clear about his proposed program in the early 1920s, a decade before he came to power. He spelled it out unmistakably in his speeches and his political testament, Mein Kampf: do away with pain-in-the-ass democracy and destroy the Jews. He couldn’t have put it more plainly. The residual admiration for Hitler among the extreme right-wingers of today derives mainly from the simple fact that the man actually did what he said he would do. You can’t overstate the potential hunger for that sort of thing. The current climate of US politics being Weimar-on-steroids, I’m sure that an American corn-pone Hitler would have huge appeal for a beaten-down citizenry.

The means for such a coup of the zeitgeist are rather frightful now: drone aircraft, computer surveillance, militarized police, a puppet press. It makes thoughtful folks queasy. My bet, though, is that a fascist takeover of the US would end up being as inept and ineffectual as ObamaCare. It is one of the great hidden blessings of our time, actually, that anything organized on the massive scale is doomed to failure. But it is likewise the great mission of our time to prepare to get local and smaller, something we’re not really ready for and certainly not interested in. The intertwining of these dynamics will be the story in the year to come.

Monday, September 16, 2013

Kunstler: Commotion

Now that Lawrence Summers has removed himself from consideration as Federal Reserve chairman, President Obama is free to launch him into Syria as the first human rehypothecation weapon of mass destruction, where he can sow enough confusion between Assad’s Alawites and the Qaeda opposition to collateralize both factions into contingent convertible capital instruments buried in the back pages of Goldman Sachs’s balance sheet so that the world will never hear of them again — and then the Toll Brothers can be brought in to develop Syria into a casino / assisted living complex that will bring hundreds of good jobs to US contractors in the region.

No doubt the stock markets will fly like eagles today. Nobody knew what monkeyshines Mr. Summers might have pulled over at the Fed and it was making investors nervous, as well as the big banks who employed Mr. Summers occasionally as some kind of policy bagman. So a big sigh of relief blew over the Northeast Region of the nation like the gusts of autumn air that swept away a fetid hump of stale, wet tropical weather that ruined all the ladies’ party hair in the Hamptons this month.

Now that Syria has been disposed of — that is, indefinitely consigned to failed state purgatory — the world can focus its remaining attention on the almighty taper. I’m with those who think we’ll get a taper test. That is, the Fed will cut back ten or fifteen percent on its treasury bond purchases to see what happens. What happens is perfectly predictable: interest rates shoot above 3 percent on the ten-year and holders of US paper all the world round fling them away like bales of smallpox blankets and… Houston, we’ve got a problem. After a month (or less) of havoc in the bond market, and the housing market, Mr. Bernanke will issue an advisory saying (in more words than these) “just kidding.” Then it will be back to business as usual, which is to say QE Forever, which might as well be saying “game over.”

One must feel for poor Mr. Bernanke. He’s tried to run a long-distance foot-race against reality and now it’s breathing down his neck near finish line. The idea was to pump enough artificial “money” into the economy to give it the appearance of motion, but all he accomplished in the words of my recent podcast guest, Eric Zencey, was a commotion of money, and the commotion was pretty much limited to a few blocks of lower Manhattan, two ribbons of real estate running up the East Side and Central Park West, and a subsidiary disturbance out on the South Fork of Long Island. Everybody else in the country was left to stew in a tattoo-and-malt-liquor torpor at the SNAP Card application office.

The Fed can only pretend to try to get out of this self-created hell-hole. The stock market is a proxy for the economy and a handful of giant banks are proxies for the American public, and all they’ve really got going is a hideous high-frequency churn of trades in conjectural debentures that pretend to represent something hidden in the caboose of a choo-choo train of wished-for value — and hardly anyone in the nation, including those with multiple graduate degrees in abstruse crypto-sciences, can even pretend to understand it all.

When reality crosses the finish line ahead of poor, exhausted Mr. Bernanke, havoc must ensue. All the artificial props fall away and the so-called American economy is revealed for what it is: a surreal landscape of ruin with nothing left but salvage value. Very few people will get a living off of the salvage operations, and there will be fights and skirmishes everywhere by one gang or another for control of the pickings. The utility of money itself may be bygone, along with the legitimacy of anyone or anything claiming institutional authority. This is what comes of all attempts to get something for nothing.

By the way, for those of you still watching the charts, notice that gold and silver may bob up and down week-by-week, but the price of oil remains stubbornly above $105-a-barrel no matter what happens. That is the only number you need to know to predict the fate of industrial economies. [Emphasis mine.--P.Z.]



Sunday, July 21, 2013

Notes from a Telecast of the 2013 Harlem Book Fair on C-Span

Below are notes I took during yesterday's live broadcast of the 2013 Harlem Book Fair on C-Span. Harriet Washington was interviewed after her panel discussion and that is when I started watching.
==============

Harriet Washington
--Deadly Monopolies
--Medical Apartheid (2007 Natl. Book Critics Circle Awd.)
--------------
E.R. Shipp
Morgan State U.
jrnlist-in-res.

Carl Hart
High Price
"Drugs are tools."
-------------
Tina Campt
Other Germans

>Peniel Joseph
--Dark Days, Bright Nights: From Black Power to Barack Obama
Tufts U. hist. prof.
--The Bk Power Movement
--Neighb. Rebels

>Kendall Thomas
--Co-ed. Critical Race Theory: The Key Writings That Formed the Movement
Ctr. for the Study of Law and Culture and law prof. at Columbia U. Law Sch.

"racial moralism"
"the"
context--"the word can mean everything and nothing"

recognition vs. indifference
progress vs. retrenchment---> Obama asking for conv. on race but refuses to lead it.

>Farah Griffin
--Harlem Nocturne: Women Artists and Progressive Politics [in] World War II
prof. Eng. and Comp. Lit. + AA Stud. Columbia U.
problem she has w/ personal anecdotes "becomes the end all and be all"
-->gets lost: Pres. Govt. no role for them to do anything about it.
Personal anecdote not good when it trumps what has to be done
-->absurdity of judge's allowing use of "profiling" but not "racial profiling"

Peniel Joseph
The new racism:
--outcomes
--disparities
--only 1.6% [of African Americans] make more than $200K.
--28% below fed. poverty level.
Substantive policy change
beyond

no urban agenda
no confrontation of new Jim Crow

Trayvon Martin: posthumous portrayal as a criminal

841,000 black males in jail

-->The further we deny racism exists the worse it gets

-->Harlem Bklyn gentrified

"We need to confront it and force [the President's] hand."

Kendall Thomas: "privatization of race"
the idea of racism and its "private resolution"
The heart of racism is "economic injustice"

Obama "is himself a commodity" One of the deepest challenges we face is the bankruptcy of a political system controlled by financial elites.

KT calls Reagan the "Architect of liberalism." [I.e., neoliberalism]
KT, cont. "Identity is being mobilized" to discredit claims for justice.

Following KT's comments on neoliberalism:
TINA CAMPT: "The offloading" of the conversation of race into pvt. sphere
-->What wd effective ldrship be?
Peniel: "That's happening already" at grassroots
The Age of Trayvon

People who've abdicated their role of activists for access.
>Those who give Obama a pass.
Ray Kelly: "The nation's biggest racial profiler."
MLK traded access to LBJ's Wh. House for moral clarity

Poor People's March

"can't do the colorblind racism game"

KT discusses "From Protest to Poliics" [by Bayard] Rustin

Griffin: the old-fashioned idea of charismatic leadership
Electoral politics is only one avenue
--Ella Baker
--Ida B. Wells
--Fannie Lou Hamer
grassroots leaders

communities, groups
a model of ldrship

NYT art. about frmr gang ldrs org against violence

FARAH: Stand Yr Grd Laws not explicitly racist but applied not in a race-neutral way.

What do you expect from Obama after his presidency?

Do something about prison, health...

tainted products [being sent to Africa]

K.T. The law's limits are sometimes greater than what it can accomplish
-->On Obama's statement about his children's generation thinking about race.
Hopeful but it's the experience of a very narrow section of African Americans.
Segregation still alive

Racial publics: committed to anti-racist agendas.

K.T. "I am not a person of faith."---No single role orgs can play nor single method.

Peniel: A research org @ Tufts: race and democracy connecting to public policy
"We want public policy transformation[s]"

Farah: Measure of success can't just be by Sasha and Malia but by gulf between Juror B-37 and Rachel Jeantel

Farah: Twitter irritating but allows back-and-forth. "Angry at the access racists have" to her... Messy, but democ. debate

Farah: There's a focus on natl. elections but what about local elections?
"We need to be just as vigilant about those elections as well."

Audience member: African American pols "ghettofied" to narrow districts. Tea Party better organized.

K.T. Talking about "a long revolution." Politics is often about how we imagine ourselves in relation to others. Nation: "imagined community"
"[P]olitics of the imagination" no subst.for hard work but motivates people to think critically and even refuse neolib.

Audience member: What about Alton Maddox?

======
It was then that the panel discussion had to end.

Monday, January 28, 2013

Kunstler: Sustaining the Unsustainable

The Master Meme
By James Howard Kunstler
on January 28, 2013 9:13 AM

The gentlemen and ladies of the meme-o-sphere, where collective notions are birthed like sleet from clouds, have decided lately that the USA has entered a full-on broad-based bull market - a condition of general happiness and prosperity as far advanced beyond mere "recovery" as a wedge of triple-cream Saint-Andre cheese is advanced over a Cheez Doodle. It has become the master fantasy of the moment, following the birth of some junior memes such as... we have a hundred years of shale gas and the "housing sector" (i.e. the suburban sprawl-building industry) is "bouncing back." What a sad-sack nation of credulous twits we have become.

You can be sure that when a nation is led by the reality-deficient, unhappy outcomes are a sure thing. They will systematically destroy trust in the way things actually work and beat a fast path to either tyranny (where reality doesn't matter) or anarchy (where reality cannot be managed at all). This is what happens when nations go mad. Even when they are led by people later-determined to be "evil" (Hitler, Lenin) this sad process is allowed to happen because it just seems like a good idea at the time - which is the central political tragedy of human history. To the beaten-down Russians, Bolshevism seemed like a good-idea at the time. To the bankrupt, hopeless Germans, Naziism seemed like a good idea.

I'm not even sure what to call the current disposition of unreality in the USA, though it is clearly tinged with different colors of grandiosity ranging from the plain dopey idea of "American exceptionalism" to the wishful claim that we're about to become "energy independent," to the lame assertion so popular in presidential addresses that "together we can do anything." Speaking of the inaugural, in all the Second-Coming-of-Lincoln-Meets-MLK hoopla of the grand day, with the national mall lined by gigantic flat screen TVs (an Orwellian nightmare), and the heartwarming displays of ethnic diversity, and the stridently inoffensive songs and poem, there was the genial Mr. Obama at the epicenter of the huge ceremony delivering a bouquet of platitudes so stale and trite that it could have been composed in a first-year Harvard Law School ethics skull session at a back table of Wagamama. Despite all the blather about his graying hair, and the wisdom of age, and the supposed music of his rhetoric, I couldn't detect a single idea in Mr. Obama's inaugural address that wasn't either self-evident, or devised to flatter some "identity" bloc, or an imitation of old tropes out of the "Great Speeches" book.

What's obvious to me is what I have been fearing about this country for some time now: that all the disorders of our time would prompt a campaign to defend the status quo at all costs and to sustain the unsustainable. That is really the master wish behind all the political hijinks of the day, especially the pervasive accounting fraud in all high-order money matters. We see the comforts and conveniences of modernity slipping away and we'll do anything to try to hang onto them, including lying to ourselves to such an immersive degree about what is really happening that we suppose we can manufacture a happy counter-reality. That's at the heart of zero interest rate policies, and Federal Reserve manipulation of markets, and statistical misreporting from all the national agencies charged with adding things up. So, the Fed pumps its $90 billion-a-month and the Standard & Poor's index inflates like an old tire while ten thousand more families get added to the food stamp rolls, and the banks sit on enough foreclosed property to fill the state of Indiana, and another 25-year-old college loan debt serf ODs on vodka and Xanax because he finally understands that even bankruptcy will not save him from perpetual penury.

Apparently, there are moments in history when nations just get lost. I maintain that things would go a whole lot better for us if we acknowledge what is actually going on, namely: a major shift of direction into economic contraction after 200-plus thrilling years of expanding energy resources and easy-to-get material riches. It's in the nature of this world that things cycle and pulse, and we have entered a certain phase of the cycle that demands certain responses. We have to make the scale of human activities smaller, finer, simpler, and more rooted to the local particulars of place. We have to let go of WalMart [and Target, the archetypical retailer of the 2010s--P.Z.] and globalism and driving cars incessantly and attempting to manage the affairs of people half a world a way... and we just can't imagine engaging with this endeavor. That is true poverty of imagination.

Tuesday, November 06, 2012

Election 2012

Tomorrow should bring a good overview of the results.

He didn't win.

Sour grapes and teeth-gnashing in tweet form:


Monday, November 05, 2012

Kunstler: The Tides of Event



http://kunstler.com/blog/2012/11/the-tides-of-event.html

The Tides of Event
By James Howard Kunstler
on November 5, 2012 8:32 AM


Mitt Romney's sickening insincerity was on full view Sunday night as CNN served up both candidates complete finish-line pitches to the Ohio crowds thought to hold the fate of the election in their fickle sway. Romney has consistently proved one thing over the whole, long, nauseating course of his campaign: that he will say anything to get a vote, no matter how hollow, fatuous, craven, or at odds with reality the utterance is.

Last night he went on about how the USA would become "energy independent" when he opens all federal lands to oil drilling. This plays on some lamebrain notion that there are vast fields of easy-to-get oil sitting out under the Wyoming hardpan waiting to be tapped. Surely Mitt know better.. or does he? The reality is that these lands fell into federal ownership largely because they had so little value in the first place. If there was another Spindletop lurking under the sagebrush you can be sure it would have been found long before now, so Mr. Romney is just preying on the public's wishful ignorance (or his own) when he says these things.

Which gets to the larger issue of what the "drill drill drill" mantra really means: namely, that Mitt Romney has no idea where history is taking us. The public may be very nervous about how they will pay for gasoline needed to live in the suburban matrix, but the reality of the situation is that the suburban matrix is the problem and doing everything and anything we can to prop it up is going to destroy the nation. Mr. Romney is oblivious to this reality and so you can be sure that his mysterious "plan" for leadership is an empty promise. A reality-based plan, for instance, would be the rapid rebuilding and electrification of the regular railroad system, both as an economic development measure and a national security issue, along with the spirited promotion of walkable neighborhoods and the rebuilding of our small towns and small cities. But Mitt is "a car man," as he likes to say.

President Obama was on display, too, a little later making dubious claims about his accomplishments and distinctions. (Jon Corzine is still at large.) There's no evidence that he understands the true nature of the implacable economic contraction underway and how it will change everything about how we live on this continent. But I think there is a better chance that he could get a clue in the next four years than is the case for Mr. Romney. Also, I don't trust Mr. Romney to deal intelligently with foreign nations, while the specter of yet another arch-conservative idiot on the Supreme Court of the type that would rule affirmative on something like the Citizens United case gives me the vapors... so I have to pull the lever for Mr. Obama. [Note: Kunstler lives in New York, which is solidly for Obama. If he wanted to, he could vote for Jill Stein or Rocky Anderson, depending on who's on the ballot. In Hawaii, there are four candidates on the ballot: Obama, Romney, Stein, and Gary Johnson.--P.Z.]

Finally, I just don't like Mitt Romney. He's the over-eager twerp in the classroom with his arm always sticking up. He's the missionary bozo in a necktie ringing your doorbell to sell a fairy-tale cult religion dreamed up in the 1820s by another over-eager con artist. He's obviously using the national stage to work out his father issues (George Romney ran for president in 1968, blundering his way out of the race early on). He shamelessly panders to the worst elements of his own party - the ignorant, militaristic, punitive-minded Nascar evangelicals - and dissembles so automatically that there is nothing left of whatever core beliefs he might have theoretically developed earlier in his career. He's too chicken to engage with the realities of climate change, so visibly on display this season. He's spoiling to rumble with China, apparently oblivious to the fact that China's leader-in-waiting, Xi Jingping, is an army brat. I pray at my little alter of ecumenical totems that the tides of history will sweep Mitt Romney out to the seas of retirement from public life, where he can enjoy his Medicare entitlements secure in the guarantee that he will not be hassled over any pre-existing conditions.


Speaking of tides, we are now a week past the awful depredations of Hurricane Sandy and a lot of people are yet sitting in the cold and dark. The story is still developing - in a way similar to Hurricane Katrina - in the sense that the ordeals of individual suffering and loss are slow to emerge from the chaos of the moment into public awareness. For instance, it took weeks after Katrina for many property owners to learn that the loss of their house was attributed to "flooding," which is generally not covered in home insurance policies. There are still vast neighborhoods, such as Long Beach, Long Island, where the issue hasn't even come up yet, at least not in the news media. When it does, it will be much bigger deal politically than was the case in Biloxi, Mississippi, or the 9th Ward of New Orleans, where people were more accustomed to the cruel boot of authority, not to mention the frequent tantrums of a subtropical ocean.

I don't know how Sandy will affect the electoral results in New York, New Jersey, Virginia, and Pennsylvania, but even if polling places can be set up in ruined, blacked-out districts one would think the eligible voters have a lot more urgent matters on their minds.

Anyway, once this dreadful election is over the floodgates of events will open up and we will once again be forced to reckon especially with the epochal forces that seek to shatter the financial system. Sandy was a kind of preview of coming attractions for a different sort of wreckage to come.


Monday, October 22, 2012

Kunstler: Snake Garden

http://kunstler.com/blog/2012/10/snake-garden.html

Snake Garden
By James Howard Kunstler
on October 22, 2012 8:54 AM

There's a good reason why nobody is paying attention to the election this year except the people who, one way or another, get paid to be interested: because for all that's at stake there is no coherent discussion about any of it. By 'at stake' I mean what we are going to do when the major systems we depend on for everyday life begin to wobble and fail.

There is zero cognizance even among the paid kibitzers that we are near that point. Rather, a rapture of techno-narcissism holds in thrall even people who ought to know better, and a chatter-stream of infotainment propaganda spreads an hallucinatory fog of national self-esteem-boosting figments ranging from "energy independence" to "green jobs."

The truth of our situation is an implacable contraction of the turbo-corporate economy due to remorseless looming energy scarcity. That is, strange to relate, not altogether bad news (if we were psychologically disposed to process it, which we are not). It doesn't have to mean that everything in American life goes straight to shit -- though it might. It could well mean that some of the most destructive corporate actors go to shit (quickly and unexpectedly), making room for some really beneficial transformation.

For instance, the tensions of excessive scale and lack of resilience could put WalMart and everything like it out of business. It wouldn't take much to fatally compromise the 12,000-mile supply lines and the 'warehouse-on-wheels' that the behemoth retailers depend on. $6 diesel fuel and a few more currency war provocations against China could put the schnitz on the operating system of national chain retail. It would be the end of the unacknowledged "entitlement" called "bargain shopping," but it would also provide the opportunity to rebuild the very local and regional economies that these predatory outfits put to death thirty years ago - and, more importantly, open up a vast range of careers, positions, and roles for Americans to play in truly running their own commercial economies in their own home-towns, in particular young Americans otherwise demoralized by an economy that has left so many of them stranded.

This is the direction that reality is taking us in, and one wonders why the candidates can't begin to articulate it in these ridiculous show-and-tell spectacles that we misunderstand to be "debates." Obviously it has as much to do with the sheer inertia of the status quo than even with the grotesque distortions of politics inspired by the Citizens United Supreme Court decision that has allowed the complete corporate capture of elections. And even that nation-wrecking calamity is probably out-weighed by the US public's wish to keep all the familiar machinery of daily life going at all costs.

This last part is surely understandable, but it will certainly lead to a tragic outcome: political and social collapse. No one in any realm of US leadership will face the difficulty and uncertainty of finding our way out of this predicament. Both candidates for president are devoted to sustaining the unsustainable and telling fairy tales about running the WalMart economy on "green" pixie dust.

The systems that we depend on for running everyday life can all be clearly described and understood: commerce (WalMart); farming (agri-biz); transportation (happy motoring + airplanes); medicine (sickness hostage racket); education (babysitting), and so on. All of them are near the end of their existence in their current mode of operation. But the system in greatest danger is finance, which is system that is supposed to manage our accumulated wealth and deploy the surplus for purposes that keep civilization going. Finance is the sickest of all these systems now and the one that is most susceptible to collapse.

The basic problem is that finance and its organs of banking now run entirely on accounting fraud, which is to say the misrepresentation of our accumulated wealth and the subsequent misallocation of what's left of it. Pervasive accounting fraud and control fraud (the criminal abuse of trust in money matters) is joined by the systematic corruption of markets. The stock and commodity markets can no longer perform their primary role of "price discovery" due to the criminal manipulation of indexes, and in particular the computer arbitrage racket known as high frequency trading, not to mention the absence of regulation and rule-of-law more generally. And the money markets can no longer perform their primary tasks of truthfully pricing debt in relation to risk - that is, establishing interest rates -- due to the desperate interventions of central banks.

The result is a money management system that could collapse at any moment into a vacuum of unreality, and the chaos that would ensue is capable of wrecking the current incarnation of advanced industrial civilization. Mitt Romney represents all the forces that seek to pervert truth in banking, markets, trading, and commercial business. He made his fortune in a business of lethal arbitrage, hunting through the underbrush of American business like a poisonous snake, striking his victims in stealth and then consuming them. Barack Obama, lawyer and president, forgot that one of his duties is hunting snakes, and has allowed the garden of America to become overrun with snakes. There is even the pretty good chance that, if he loses this election, Mr. Obama will become one of those snakes himself.

Personally, I have no faith in either of them, and watching them pretend to battle in the trumped-up arena of "debate" makes me sick.



Monday, October 08, 2012

Empty Pageantry

Empty Pageantry
By James Howard Kunstler
on October 8, 2012 8:06 AM

The press wet its small-clothes over Mitt Romney's ebullience in last Thursday's so-called debate, as these joint interview contests are styled these days. What a jaunty fellow Mitt came off as, compared to poor Mr. Obama, cloaked in presidential gloom, the wearisome woes of high office and all that - or perhaps just some indigestible tidbit served out of Air Force One's galley, an infected cocktail weenie, a shrimp with attitude, or an empanada with the E coli blues, who knows....

To be sure, Mr. Romney's ebullience had a crafted tang to it, like one of those pumpkin-flavored beers made for the season, especially since all that verve was employed in the service of ebullient lying, statistical confabulation, and self-contradiction. At times his sheer manic zest veered in the direction of what used to be called hebephrenia in the old clinical sense of someone euphorically out-of-touch with reality.

Alienation from reality being at the very core of the current zeitgeist, the American public can only admire somebody who displays such a buoyant disregard for what is actually happening in the universe. To me, Mr. Romney just gave off the odor of someone who will do anything to get elected while Mr. Obama evinced the dejection of someone doubting it was worth it.

Of course, the issues this time around are framed with the presumption that all the current rackets of political economy can be kept running - everything from Fannie Mae to Medicare to suburbia to the systematic looting of the future by the Federal Reserve's shell-game operations with every loser bond instrument lately fobbed off on hopelessly rigged markets - which is exactly the opposite of what reality has in store for us. In fact, the salient feature of these times is the remorseless running down of all these rackets to their entropic end points.

The sad part is that everyone from the leadership down to the lowly clientele of food stamps and gamed disability payments is locked into the vast array of rackets that constitute our national life, and the truth of their failure thresholds is too terrifying to entertain. What to many appears to be a "conspiracy of elites" is just our way of life. Evidence of this is the increasingly eerie way that the financial crimes of recent years somehow vanish into the ethers of history without any official notice from either the media or the police powers of society. In a very serious time, we are just not a serious people. Anything goes and nothing matters.

The central reality broadly ignored is the unavoidable contraction of industrial economies all over the world. The action is especially brutal in the USA, which actually gave up on the nuts-and-bolts of industrial production beginning in the 1970s, but managed to cream off other nation's exertions by reserve currency hocus-pocus, pervasive executive control fraud, and a reckless spewage of glitzy "consumer" service infrastructure over the landscape, which gave the appearance of vitality in the absence of value creation - the exact specialty, by the way, of predatory private equity squads like Mitt Romney's Bain Capital. All of this was enabled by the last gasps of cheap oil, and without it our whole way of life craps out, including the creaming off of leftovers. And this illness of advanced economies is now spreading all over the world.

You would think that the question of what we will do about all this might be at issue in the current election - how we might deliberately face the tasks of reorganizing farming, commerce, transportation, banking, schooling, and all the other practical matters of existence. There is an awful lot to talk about, and much to be done, but nobody is interested. Instead, we've mounted a foolish campaign to keep all the old rackets running, and there is no fundamental difference between Mr. Romney and Mr. Obama on that. The empty pageantry of these debates dresses this dangerous madness in the raiment of clowning.

All of this has consequences, of course, but in a society that has ditched all sense of consequence nobody can pay attention to that either. The poet W.H. Auden called his time "a low, dishonest decade." Bad as the 1930s were, the stakes are even higher now, and our clownish inattention conceals darker falsities that could make that terrible era seem quaint. [END]

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A good book on tbe importance of manufacturing.

* Fingleton, Eamonn. In Praise of Hard Industries: Why Manufacturing, Not the Information Economy, Is the Key to Future Prosperity

Monday, January 30, 2012

Kunstler: "Jive Talkin"

Kunstler on The State of the Union, and his disillusionment with the President:


I've had enough of Obama, though I voted for him in 2008. I won't vote for him again.

Monday, August 15, 2011

Kunstler: "High Corn"

High Corn
By James Howard Kunstler
on August 15, 2011 9:47 AM

Looking every inch the Assistant Manager of a J.C. Penny, Rick Perry of Texas stepped on-board the touring evangelical freak show that the Republican pre-primary parade has turned into. I like to think of him as George W. Bush without all the encumbering intellect. I give it three months before media snoops catch him in bed with Michele Bachmann. The two of them will claim it was all right because Jesus was there as chaperone and anyway, "...alls we did was watch the Vikings-Cowboy game...."

Oh these sons and daughters of the high corn! Make no mistake (to borrow a favorite war cry from the presidential cheat sheet), both of these heartland bozos are dumb enough to lead America straight into the graveyard of failed states. Imagine a summit between Rick Perry and whoever succeeds Hu Jintao - the incredulous side-glances of the Chinese leader and his interpreter when Mr. Perry presents the official gift from our nation: a miniature Bible made by the inmates at Stringfellow State Prison and "prayed over by qualified preachers twenty-four hours a day!" Or how about Michele Bachmann and Vlad Putin. I'd sooner watch a gerbil in a terrarium with a King Cobra.

Meanwhile, the other day poor Mitt Romney tried to explain to a crowd of Iowa hot-heads that "corporations are people!" Wasn't that just the right thing to say to folks whose employment opportunities have dwindled down to eviscerating chickens on an assembly line or humping boxes on the WalMart loading dock for $8 an hour. He was heckled mercilessly. I don't see how a candidate recovers from that kind of caught-on-camera mockery - but then again, in a culture that has no shame, just about anything goes.

One thing I'd really like to know about the Republican party, though: if they're so all-fired up about fiscal rectitude and the honest disposition of money, and stuff like that, then how come not a single one of these dissembling ninnies has suggested the investigation and prosecution of the entire Wall Street matrix of swindling grifters - including the officials who rotate between the too-big-to-fail banks and the regulatory agencies like the SEC and the CFTC and all the other utterly failed official watchdogs who stood by whistling Dixie while the future of this country was blatantly sold down the river?

Of course, nobody on the Democratic side asks anything similar of President Obama as he hops from fundraiser to fundraiser. I'd like to know why the fuck the president is even out campaigning more than a year before the election. And hasn't the mainstream news media noticed that there's something a little peculiar about a cycle of perpetual election with no governing in between? I suppose everything is show business now, though I don't expect this aberrant and very dangerous behavior to persist, because virtually all the major operations of the supposedly civilized, "developed" world are veering into a state of obvious failure.

The global financial system is wobbling on its pyramid-tip of debt. Europe is trapped. The members of the currency union can't make good on what they owe and neither can they surrender their independence to some jerry-rigged extra-national authority. At stake is the European banking system and the post-World War Two amity that allowed the region to become the lovely tourist theme park we lately know it as. They are running out of tricks for pretending that debts can revolve forever, and as this occurs the fear rises that the whole lovely thing will bust apart in mob violence, revolution, and maybe even armed conflict between people who don't hold their forks the same way. England is not even in the Euro currency club but five decades of rather feckless immigration policy have resolved into something that looks an awful lot like race war. God knows what the French are thinking, with their own massive immigrant slum population ringing Paris.

Anyway, whatever happens around Europe in the months to come, trouble with its banks is sure to blow back into the American ones, which are hopelessly entangled in Europe's obligations, not to mention skeins of supposed "insurance" swaps contracts primed for ignition at the slightest flap of a black swan's wing that could propel the likes of Lloyd Blankfein's cappuccino machine from an upper floor at 200 West Street, NYC, through the roof, clear to planet Uranus. At least we'd have a space program again.

Surely a lot of European and American officials just want to escape to the seashore for the last two weeks of this punishing month and soak their heads in the surf - perhaps a few will decide to not come back up for air. President Obama will enjoy the briny vapors out on Martha's Vineyard, and maybe even splash around in the wimpy waves there. I'll enjoy the thought of him tying into a clam roll. And now to check how the markets are doing this opening day of the week....

Monday, January 17, 2011

The Great Okay-ness

The Great Okay-ness
By James Howard Kunstler
on January 17, 2011 9:43 AM

Days after the Tucson shooting, President Obama rode into town on a gooey gel of good will, but by the time the memorial service - or whatever it was - got underway, the president looked rather ill-at-ease. His speech was preceded by several others, including, for promotional purposes, the President of the University of Arizona, which hosted the event, a diversity infomercial in the person of a Native American shaman, the pert student government leader, a current and former governor, and the Attorney General of the US. The gooey gel couldn't contain the crowd, which more than a few times broke out in whoops and cheers.

The only kind of ritual that Americans seem to understand these days is an award ceremony, and that's what the Tucson event most resembled: a fete of congratulation and warm therapeutic self-affirmation. In the aftermath of yet another horrifying milestone event that changes nothing about how we live or what we do, comes the warm soothing anesthetic gel of okay-ness. I know a lot of people felt uplifted by Mr. Obama's remarks. I give him points for venturing out to that politically toxic city (if that's what the agglomeration of strip malls actually is). What he said struck me as not just lacking in an original thought, but filled with something like pre-owned sentiment.

And Mr. Obama looked less than comfortable through the whole gruesome show, as though he sensed there was something off about the vibe in arena, with all its photo-op immediacy that will fade into the cavalcade of a zillion preceding it and countless more yet to come. It all made me wonder: what is the difference exactly between trying to comfort people and making them comfortable? It's normal to want to comfort people who have suffered. But I'm not persuaded that the American public beyond the McKale Memorial Center deserves to feel comfortable about how they are and what they're doing at this moment in history. To me, the ceremony was short on solemnity and decorum, the willingness to suspend comfort for a little while in order to recognize that what happened at the Safeway supermarket was not okay. Even the official moment of silence near the end was too brief, as though they were trying to spare the crowd too much self-reflection.

I wasn't the only person in this country who felt a little jarred by the strange proceedings. As they wound down and the cameras followed Mr. Obama milling with the crowd, CNN's anchor, John King came on air with a hastily-constructed narrative designed to explain all the hooting and hollering. His thesis was that the local folks of Tucson had been so emotionally squashed for five days that they just had to let it all hang out. This struck me as something between an excuse and a cockamamie story to paper over the awkward question: how come we don't know how to act in the face of tragedy?

Of course, we don't know how to act in the face of reality, either, by which I mean politics, our means for contending with reality. So much of the Tucson story was whether there is any remaining shred of something like common purpose between the opposing political wings and the answer resolving out of all the grief and soothing gel is no. Common purpose is AWOL in our politics lately because whatever terrain of the issues is not occupied by sheer lying is filled by cowardice and ignorance. We lie to ourselves incessantly about the nation's financial condition. We've suspended both the rules of accounting and the rule of law in banking matters (lying). We're too frightened to go into the vaults and find out exactly how much we've swindled ourselves (cowardice). And we aggressively misunderstand issues that will shape our future, such as how much oil is really in the ground, and how long people will be able to live in places like Tucson the way they do (ignorance) - all of this prompting us to march off the edge of a political cliff where we hang today, the cartoon coyote of nations, undone by our Acme techno-fantasies.

Discomfort is probably the only thing that will avail to alter this pattern of behavior. For the moment we have no idea where we're going, what we're doing, or who will take us to the next era where life will be very different. It could easily be some loutish spawn of Limbaugh and Beck, stepping in to push around a land full of lost souls desperate to be told what to do after years of forgetting how to do anything. All of Mr. Obama's earnest, gel-like warmth does not conceal the astounding corruption of the Democratic party and the surrender of progressivism to anything that smells like money (in the immortal words of Matt Taibbi).

The Tucson shooting displaced two important political stories last week. 1.) the sentencing of former House Majority Leader Tom Delay to three years in prison for money mischief, and 2.) the appointment of JP Morgan executive William Daley as White House Chief of Staff. Both of these stories tell us as much about ourselves as the lethal antics of Jared Lee Loughner, but nobody paid attention.
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My books are available at all the usual places.

Monday, January 05, 2009

Kunstler on the Bush Years

Kunstler doesn't hold back.

January 5, 2009
Farewell GWB

...
I never believed that GWB actually tricked the nation on the "weapons of mass destruction" rationale for invading Iraq. Rather, the nation fooled itself into thinking that the war, in the first place, was anything but an act of vengeance for the gross injury of 9/11. After a couple of years, the public adopted the stupid narrative that they were "lied to," rather than recognizing the difficult truth that 9/11 had to be answered with lethal force, that international hostilities are far from wholly rational, and that Saddam Hussein got whacked because he was the Arab head-of-state who was the best candidate for getting whacked. A nation in thrall to psychotherapy, and self-esteem building programs, and the "win-win" bullshit of business Babbitry, couldn't imagine a tragic dilemma when one was staring them in the face.

GWB won reelection in 2004 -- running against the weak John Kerry, "a haircut in search of a brain," as Kevin Phillips put it so memorably, who was not smart enough to pander successfully (though he tried) to the dominant, Jesus-soaked Nascar fans who inhabit the Moron Crescent that runs from West Virginia south through Dixie and then west into Idaho. GWB was still riding pretty high when Hurricane Katrina slammed into the swamps and beaches east of Lake Ponchartrain, and the president failed to direct anybody to so much as air-drop bottled drinking water for survivors dying on rooftops and highway overpasses in New Orleans. The Left, once again, adopted an idiotic narrative to explain the event -- that Bush acted to punish African-Americans -- when plain incompetence combined with grandiose expectations for a televised happy ending to instead produce tragedy.

The fiasco in New Orleans was matched by the apparent failure to police Iraq back to stability, making the whole project appear feckless and futile, and GWB began his long swoon into discredit. But two other conditions were intensifying in the background, one the consequence of the other: peak oil and peak credit. As the primary resource of industrial capitalism reached its all-time production peak in 2005, the managers of the US economy allowed borrowing-from-the-future to replace productive activity as the basis for everyday life.

GWB barely acknowledged this compound problem. He asserted that America was addicted to oil, but he failed to take the idea a step further and say that our vaunted "way-of-life" could no longer be taken for granted. If anything, he endorsed the popular idea that a suburban lifestyle and WalMart consumerism was a Jesus-driven entitlement, and his circle in governance did everything possible to replace the industrial economy with an economy based on suburban land development and credit card spending -- which was enabled by fantastic experiments in finance that proved to be nothing more than an impenetrable web of swindles.

Those swindles began to unwind in 2007 and they now threaten to sink the USA as a viable enterprise. Their exact extent and nature still remain obscure, like the algorithms used to engineer the "alphabet soup" of fraudulent securities and recondite derivatives. In this stupendous failure, GWB is joined by his cohorts and minions in Republican polity, whose flamboyant misfeasance continues to make the credit blow-up worse by the minute. He leaves his successor, Mr. Obama, a predicament so dismal that the secession crisis of 1860 begins to look like a mere procedural quarrel in comparison. And despite the temporary crash of oil prices, the peak oil problem still looms very large in the background and has barely begun to work its hoodoo on what's left of the US economy.

...

To me, GWB will remain the perfect representative of his time, place, and culture. During his years in Washington, America became a nation of clowns posturing in cowboy hats, bethinking ourselves righteous agents of Jesus in a Las Vegas of the spirit, where wishing was enough to get something for nothing, where "mistakes were made," but everybody was excused from the consequences of bad choices. The break from that mentality will be very severe, and we may look back in twelve months and wonder how we ever fell for the whole package. The answering of that question will occupy historians for ages to come.

Monday, December 08, 2008

'People Get Ready'

From Kunstler's latest column:

President-elect Obama has announced his intention to kick off a massive "stimulation" program when he hits the White House "running" in January. Early indications are that it will be directed at things like highway repair. If so, we will be investing long-term in infrastructure that we probably won't be using the same way in ten years. But I doubt there is any way around it. The American public can't conceive of living any other way except in a car-centered society. Anyway, some parts of our highway-bridge-and-tunnel system are already so decrepit that they pose a menace right now, and the clamor to direct "stimulation" there is already very strong -- backed by all the fraternities of engineers.

Stimulus aimed at perpetuating mass motoring will be a tragic waste of our dwindling resources. We'd be better off aiming it at fixing the railroads (especially electrifying them), refitting our harbors with piers and warehouses in preparation to move more stuff by boats, and in repairing the electric grid. Unfortunately, our tendency will be to try to rescue the totemic touchstones of everyday life, things familiar and comfortable, regardless of whether they have a future or not.

The ominous forces gathering out there will defeat these efforts and everyday life will reorganize itself some other way consistent with the single greatest trend: the force of contraction. Every sign we see is pointing in that direction, from the inability of the earth's ecology to support more human beings, to the dwindling of mineral and energy resources, to the destruction of farmland, to mischief in the climate. We just don't know how badly things will fall apart in the meantime, or how kind (or cruelly) people will act in the process.

Mr. Obama would be most successful if he could persuade the public how much more severe the required changes are than they currently realize, and inspire them to get with program of retrofitting American life to comply with these realities.
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A recent article in The Hawaii Tribune-Herald quoted Hilo Harbormaster Ian Birnie on the state of Hilo's piers. I'll try to find the article.

Tuesday, November 04, 2008