Friday, September 30, 2011

Not dead yet!

Lost Opportunity and Insubordinate Slow-Walkers: New Book Details How Timothy Geithner, Larry Summers, Rahm Emanuel Screwed Obama, and America

• The Ron Suskind book itself is an important read.

Here's why, according to two people who have actually read it:

(via DailyKos, where there is more)

A lifelong Democrat writes an important book, based on extensive taped interviews with the Obama administration, who are given the chance and do not deny the account.

A brave work of highly-credible journalism which basically validates what Progressives have been screaming ever since Obama, against his own better judgement, fell back on Clinton's old Rubinite big-bank-coddling cronies Geithner, Summers and Emanuel in a moment of unprecedented fragility, and sidelined the progressive wisdom of Paul Volcker, Stiglitz, Christina Romer, Elizabeth Warrene, Sheila Bair, Brooksley Born, Maria Cantwell and Alan Krueger, et al.

Why should it be any surprise that Geithner, et al. SLOW WALKED Obama's justifiable desire to follow Sweden's model of breaking up the banks, not Japan's proven longer-term financial disaster of merely protecting/bailing out the financial elite?

Asking themselves this question, the mainstream media temporarily (for a good week at least) adopts as their own the Progressive mantra that as a result Obama is now widely seen to have done too little too late. And hardly anyone stands up to say WTF, no fucking shit, we've been saying this all along.

A more critical review by self-appointed blog celebrity/sometimes megalomaniacal previous insider here:

Not dead yet!

Thursday, September 01, 2011

Three charts of basic facts, not rhetoric, about Obama share with the unfortunate conservative opinionator in your family (or if not your family, every village has one).

via Cecil Bothwell.

Keystone XL Must Not Happen

The corporate media have finally begun to think about covering the largest ongoing civil disobedience the environmental movement has produced in a generation. Over 700 people have been arrested so far at the White House. If you haven't heard about the Keystone XL pipeline fantasy, you need to watch these two videos immediately and get yourself to DC, or make a phone call to the White House poll-takers right now at the very least. Tell them you support/demand a Presidential veto: 202-456-1111):

Watch the full episode. See more PBS NewsHour.

Again, all Obama has to do here is say "no" and this project does not happen.

Meanwhile a new report has now thoroughly exposed the oil industry's outright lies for what they are. (One of the corporations set to buy the Alberta oil is even co-owned by the Saudi government (hat tip Naomi Klein).

A new report from Oil Change International lays out the case, based on data and documents from the U.S. Energy Information Administration and the Canadian National Energy Board, corporate disclosures to regulators and investors, and analysis of the rapidly shifting oil market.

The facts:

Keystone XL is an export pipeline. The Port Arthur, Texas, refiners at the end of its route are focused on expanding exports to Europe, and Latin America. Much of the fuel refined from the pipeline’s heavy crude oil will never reach U.S. drivers’ tanks.

Valero, the key customer for crude oil from Keystone XL, has explicitly detailed an export strategy to its investors. Because Valero’s Port Arthur refinery is in a Foreign Trade Zone, the company can carry out its strategy tax-free.

In a shrinking U.S. market, Keystone XL is not needed. Since the project was announced, the oil industry acknowledges that higher fuel economy standards and slow economic growth mean declining U.S. oil demand, even as domestic production is booming. Oil from Keystone XL will therefore displace American crude from new, “unconventional” domestic fields in Texas or North Dakota.“Oil is a fundamentally global market – the idea that the pipeline enhances our energy security is a scam.” said Kretzmann. “Let’s hope the Obama Administration doesn’t fall for it. In fact, the only way to truly reduce our dependence on foreign oil is to reduce our dependence on all oil. Let’s not fool ourselves that we will achieve ‘energy independence’ by serving as a middleman for access to overseas markets.” [download the full report here]

Once again, that number to call is: 202-456-1111