Old wine, new bottle.

The Bush administration is over (for the most part), right? Well, not so fast. Yes, they started two disastrous wars, killing enough people to make Milosevic and Suharto blush. Yes, they shook the empire to its foundations, so much so that they spent the last two years of their tenure under the watchful eye of an imperial overseer (Robert Gates). Yes, their ludicrously ham-fisted foreign policy – coupled with monumental domestic blunders – resulted in the near-total collapse of the American economy, bringing on the first proper depression since the 1930s. But none of that means they shouldn’t be put back in charge again, right?

I think I felt the earth tremble just then. Yeah, nobody wants that … really. And yet there is a very real possibility that many of the same people who ran Bush’s foreign policy – including the most extreme of the neoconservative cadre – could have their sweaty, blood-stained hands back on the levers of imperial power this coming January. The cabal advising Mitt Romney is basically a reunion tour of the nasty little group that started the Iraq war. Ari Berman ticked through their ranks in The Nation this past week. Heading up that group is John Bolton, who could very well end up Secretary of State, but he also has an ear cocked towards Dan Senor (Bush’s former coalition provisional authority spokesperson), Eric Edelman, Cofer Black, Robert Kagan, and many other once and continuing fans of the horrendous Iraq enterprise.

Did they learn anything from their disasters? Not really. The Iraq war is still a good thing, in their estimation. But more than that – it’s important to bear one thing in mind about this crew. They are basically successors to the Reagan team on foreign policy, like Reagan: the next generation (or de-generation). They’ve been back in power once since then, and it was, if anything, worse than Reagan. Every time they come back, they are worse than before. If you thought W’s eight years were hellish, just wait.

Don’t say you’re only concerned with economics. My friend, this is economics.  The Afghan and Iraq wars blew massive holes in the federal budget and are still bleeding us dry ten years later. Romney wants to keep the Afghan deployment going and would undoubtedly get us stuck somewhere else as well. Moreover, he is planning something like a 20% increase in Pentagon spending. That will mean bleeding domestic programs even further, which will take the air out of the U.S. economy (as austerity always does – see last week.)

Elections have consequences. 1980, 2000, and 2004 showed us that. Keep that in mind as you ponder the value of your franchise (and I don’t mean the fast-food restaurants you own).

luv u,

jp

Sing it loud.

Blowout. Another switch gone. Our gear is in the toilet, my friend. Aging, threadbare … disgusting. Oh, well.

Yep, we’ve got technical difficulties. Nothing new. Last week it was Marvin (my personal robot assistant) that went on the blink. No, I mean literally – he wouldn’t stop blinking. I think it’s all that time he spent taking phone calls when our voicemail broke down. Poor tin bastard. Then there goes another diode, and here we are on a tight budget, just like the rest of America. (Even Mitch, his creator, is too busy to tend to him.) Mother of pearl. Still, I suppose we can do without a power amp. We can just pretend we have active speakers instead of passive, and the power of imagination will carry the day. As it always does. The end.

Right, well…. we’re not typically given to wishful thinking here at Big Green. No, we are practical mofo’s, not those flighty kinda imagineering mofo’s you read about in the Sunday paper.  Fact is, we’re recording an album and we need to freaking hear the bastard – we all admit that. To deny it would be just plain silly.

What’s the album about? Glad you asked. Give a listen to the last episode of our podcast THIS IS BIG GREEN, wherein I believe we give a rough explanation of the project. I believe we do – don’t quote me on that. It’s probably somewhere between our seventeen apologies for the previous month’s episode and our airing of cousin Rick Perry’s latest song, “Come Back Mean”, which features the immortal lyric:

Kick me a dog
Go scour the neighborhood
Bring me the best kickin’ dog you can find
Go get me Planned Parenthood

Old Rick is singing from the heart right there. (Though it does sound eerily reminiscent of another organ slightly to the south.)

Yes, so… we’re taking all of cousin Rick’s songs, polishing them up a little bit, and placing them on a long playing record (a.k.a. a bunch of MP3s) where they can be downloaded by the likes of you. What you’re hearing on the podcast are “first drafts” – rough mixes of basic tracks. What you will hear on the final album (working title: “Cowboy Scat”) will be finished pieces (of something), which in many cases may sound…. substantially like the podcast versions …. but (and this is important) not necessarily!

Okay, well… I’ve wandered a bit. Nothing new there. Ooops. And there goes the light switch. Technology!

Austeritarianism.

The international consensus on forced austerity was soundly rejected this past week in both Greece and France. That’s what happens when you let people speak their minds – they sometimes opt for inconvenient solutions. As much as I love Jon Stewart, even he got this one wrong – the Greeks are not political confusniks addicted to cradle-to-grave government benefits. Their financial train wreck is as much a function of wealth privilege over there as it is over here. When they went to the polls this past weekend, they chose the parties that opposed the Euro zone plan, both on the left and the right. That’s not surprising; the bailout basically benefits that country’s financial sector, at the cost of Greek workers. There have always been political groupings on the extreme left and right in Greece, so everyone went for the candidates who (a.) opposed the bailout and (b.) aligned with them politically, generally speaking.

The bankruptcy of what Greek and French voters rejected couldn’t be more obvious. Greece has gone through several cycles of austerity-driven budget cuts, massive layoffs, rate hikes, etc., and the result has been the same. Step 1: You cut budgets, you throw government workers out on the street, and there’s less money in the economy. Step 2: Lower aggregate earnings and consumer spending means less revenue into the government, which in turn widens the budget deficit. Step 3: The Eurozone demands more cuts.  Step 4:  see Step 1. Mix and repeat. Can you say “death spiral”? This is, in essence, what is happening in England and in the United States in slightly less dramatic fashion, though on a much grander scale since their economies are so much larger than Greece’s.

So… the people have spoken. And the markets are reacting. Not real fond of democracy, the investment community. It involves way too much uncertainty. The fact is, they are grappling with many of the same problems that are plaguing us. We had an overinflated housing market, blown up even further by derivatives speculation, then when the whole house of cards came crashing down, our deeply deregulated banking system left some of our largest financial institutions almost fatally exposed. Their crisis was in part precipitated by ours, but because they have a monetary union and not a political union, it seems like 20-odd different crises rather than one big conglomerated one. And just as austerity is lengthening the depression (yes, depression – ask Krugman) over here, it will bring only misery to the continent as well.

This system is obviously broken. Cutting spending may serve other political ends, but it will not fix the problem.

luv u,

jp

Weird ass music since 1986