Tuesday, February 24, 2009

Shh! Don't tell the Republicans

Tonight, after Obama's great inspiring speech, Republican Bobby Jindall was babbling about the Republican health care plan.
As Chris Matthews said, Uhhh? Six years in power and the Republicans never once mentioned health care or did anything about it. For the last eight years, the Republicans did absolutely nothing about health care in America.
And it occurred to me to wonder -- what if they did?
For much of the 45 years since Tommy Douglas brought in medicare, Saskatchewan voters kept voting NDP. And for much of the 40 years since the Canadian Health Act enforced nation-wide medicare standards, Canadian voters kept voting Liberal.
Oh, sure, I know, there were lots of reasons that people voted for and against the NDP and the Liberals over the last four decades. But medicare was a core value of both parties, and the voters knew it. Basically, we knew medicare would continue to be safe as long as we kept the NDP in power provincially, and the Liberals in power federally.
Now, I've read that the Republicans don't want the Democrats to bring in universal medicare because they're afraid of how popular the Democrats would be as a result.
But I wonder if the Republicans will ever realize that, if they could only introduce or take credit for bringing Americans real honest-to-goodness universal medical care, they will have guaranteed themselves American voters for the next 40 years?

Monday, February 23, 2009

Please, God, send another bubble

I promise not to miss it this time.
During the tech bubble, when people were selling website wisps and visions for hundreds of thousands of dollars, my husband and I were saying to each other, "We don't understand this, there's no value there, how can this be worth any money?"
And we didn't make a penny.
And during the housing bubble, when people were selling condos for hundreds of thousands of dollars, my husband and I were saying to each other, "We don't understand this, there's no value there, how can this be worth any money?"
And we didn't make a penny.
Obviously, I guess, that's the clue -- when we don't get it, its going to be big!
So the next time we find ourselves saying "We don't understand this, there's no value there, how can this be worth any money?" -- time to plunge!

Great line of the day

Steve at Far and Wide warns us not to let Harper bask in Obama's glow:
Don't let the ass ride the donkey.

WATB

Ahenakew said:
"Thank God it's over. And I mean that. It has been awful."
Not compared to Dachau.

Sunday, February 22, 2009

Hitting the reset button

If you are trying to follow the financial news but are totally confused about what is going on and why, just read Billmon:
The broad story is well known, even to the cable TV pinheads: Housing Bubble + Subprime Mortgage Lending + Derivatives = Armageddon.. . .
But even now I’m not sure if many people fully understand just how insanely reckless the carnival was, to the point where future historians will speak of "structured finance" in much the same the way we talk about the bubonic plague.
The carriers (fleas and rats) of this particular epidemic were the bright young Wall Street things who invented the concept of securitized lending . . .
So here we are: The banks are sitting on paper originally valued at 100 cents on the dollar (or even more) which is now worth 20 or 10 or 0 cents. If they sell the stuff at those prices, most of the capital they’ve put behind those assets will be erased, leaving them insolvent, technically and perhaps literally – as in, unable to cover their current liabilities. On the other hand, if they don’t sell their pieces of Big Shitpile, all their capital (including what Uncle Sam has already thrown into the till) will remain frozen in place, blocking them from doing any new lending. Without new lending, they can’t earn the profits they need to make good the losses they are sitting on. Zombies. Night of the Living Dead Banks.
The banks know this, investors know this, Geithner and Co. know this. And everybody knows that the others know. So the only way to get private investors (many of whom have already lost a few pounds of their own flesh to the bear) to bid on Big Shitpile is to make them offers they can’t refuse – and I’m not talking about leaving a horse’s head in their beds, although I suppose it could come to that.
The Sunday talk shows seem to agree that the only way out now is for the US government to take over the banks.
Just reset everything to zero and start again. Well, that ought to go over well with Glenn Beck's viewers.

Saturday, February 21, 2009

Helpful advice about torture

"If the detainee dies you're doing it wrong."
What the Gitmo interrogators were told in 2002 about how to recognize that they had violated the Geneva conventions against torture.

"Plug and play interoperability"

Alison reports on the newest terminology for what used to be called "deep integration" and before that was called, I think, "customs union" with the United States.
I guess as Canadians begin to understand each term, and it starts to poll worse, they have to change it.

Friday, February 20, 2009

Shooting themselves in the foot

This is why I have come to believe the United States will never introduce government-paid medical care at the national level -- can you imagine how many rants would be heard about how awful it would be to "reward" all those "losers" -- ie, women having too many babies and young people getting addicted to drugs and men shooting each other up.
You know, poor people.
The same people who obviously caused the economic meltdown by buying houses.

Wednesday, February 18, 2009

Monday, February 16, 2009

Talking about "Canadian" names

One of the best things about Canada, I believe, is that we aren't a melting pot where people congeal together into some bland homogeneous "Canadian" soup. Rather, we continue to strive to be a multi-cultural country where we all can maintain our distinctiveness. Je me souviens applies to all of us.
Over at Dawg's Blawg they're having a fascinating discussion about what makes a name "Canadian". Sprinkled among some wingnut anti-immigrant rantings there are some great comments -- like this one from Cameron:
. . . here's my checklist:
Passed the criminal background check? Got a passport? Know not to put your tongue or damp hand on metal objects during the winter?
Canadian.
Brendan adds
Omar Khadr is a Canadian name, though not many seem to believe it.
So is Mahar Arar. And North of 49 shares a story:
For my kids' generation (in a big cosmopolitan city, anyway), a name is just a name. Some are a little trickier to pronounce (teacher Mrs Abousaffi told the kids to just call her "Mrs A", for example), and while the kids are always aware of and curious about the name's origins, it isn't an "other" thing, like a tribal label; it's a personal thing, like the colour of someone's hair. For these kids, Mohammed or Ali or Jamshyd or Puran are already as unremarkable as Tom, Dick or Harriet. . . . At the dealership where my Filipino friend works, there's only one "white" salesman, the rest are first-generation immigrants from various places that have nothing in common except that there's no hockey. Yet during the playoffs, when there are no customers anyway because they're all watching the Canucks on TV, all five of these guys are crowded around the one small TV in the sales manager's office, whooping like cowhands on payday.
Dawg quotes a comment from a friend of his
. . . my mother married a Roma, and her twin sister a Cree, my grandfather on my father's side was a Hassidic Russian Jew whose family fled Russia to escape the pogroms. He married a Romani woman, one of my younger cousins just married a Mohawk man, and another aMexican man, I married an Italian, a Jamaican, and than a Jamaican Chinese man, my other cousin married a Chinese man, my best friends are Metis, Jamaicans, Jews and Vietnamese. I sent my son out West to go live with the Metis and he spent the last week spent fishing and hunting with the Blackfoot and he now he doesn't want ever want to come to Toronto. My daughter's closest friends are Iranian, Vietnamese, Ghanian, and Russian in origin.
Dawg says "That sums up Canada for me in microcosm, and it's one of the reasons I love the place."
Yes, indeed.

Great planning, guys

So in 2001 the announced plan for the Afghanistan War was for NATO to help the United States knock the Taliban out of power in Afghanistan because it had harboured Al Quaeda and Bin Laden.
Fast forward to 2009.
Far too many of the scary terrorists turned out to be malnourished Afghans, Australian adventurers, and violent children. Not only have the Taliban taken back huge swaths of Afghanistan, it appears now they are taking over huge swaths of nuclear-armed Pakistan as well.
As Bill Murray said when Danny Aykroyd thought of the Stay Puft Marshmallow Man, "Great thinking, Ray!"

Sunday, February 15, 2009

Why would anyone want to hear Bush?

They seem to expect 1,500 people will attend George Bush's speech in Calgary, but why they don't say -- I can't imagine why anyone in Calgary or anywhere else would care what Bush has to say anymore.

Sneaky

The Toronto Star reports that Harper -- the guy who presented himself to Canadians in October as Mr. Sweater, the Kitten Whisperer -- is trying to use the economic crisis to sneak some right-wing pandering into the budget bill.
He just can't stop himself, can he?

So let them chatter

They're pitching a fit in the US about whether Obama will reinstate the old "fairness doctrine". The Politico finger-wags:
[President Obama] stating [opposition to reinstatement] clearly would quickly silence a lot of conservative critics who assume the Democratic president is going to push to reinstate the defunct policy. Otherwise, the Fairness Doctrine chatter on the airwaves isn't likely to die down.
But what the Politico doesn't understand is this: They're going to chatter about something, so it actually doesn't matter whether Obama wants to reinstate this or not, as long as right-wing radio remains afraid that he might. And the more they emote and weep and wail about it, the more they are admitting to their listeners that they AREN"T actually fair.

The War Nerd on Gaza

The War Nerd finally writes about the January war in Gaza. And what he says isn't pretty. Here's the gist of it:
The lowdown on Gaza is simple: in the short run, Israel did a decent job of killing Hamas’s cadre. Gaza’s a small place, and it was pretty much shooting fish with headscarves in a sandy barrel. They blew up the place real good, made themselves feel better after getting roughed up by Hezbollah a couple years ago. OK, so you’re a Hell of a counterpuncher; so what?. . . what happens five years from now when all those dead Hamas guys’ little brothers are ready to graduate from the rebuilt Gaza I-Hate-the-Jews Academy.
He concludes that Israel is going destroy itself in the long run if it doesn't start making better decisions:
. . . what a lot of people don’t get about war is there comes a time when there ain’t no smart moves any more. . . . And Israel, in the long term…well, they’ve got those 200 nukes, and the US Congress…and that’s about all. They won’t get driven into the sea like Arafat used to screech, but they’ll get meaner and smaller until all the smart people, the ones who can, will get out, and what’s left will be another scrappy desert fort making deals with the locals. A lot of Crusader kingdoms went out that way, just one decision away from getting re-absorbed into the Muslim soup. If they’d made a deal with the Mongols, maybe we could’ve done something with this. But nooooooo, they were too snotty. Nope, doesn’t look good, and worse yet it’s going to be some ugly maintenance wars, where you have to blast a lot of schools and hospitals, and still don’t get anywhere. Like that scene in Fight Club where he bleeds all over the Mafia guy, till the wise guy screams he can use the basement. “Lou! Lou! You don’t know where I’ve been!”