More of the same.

Israel has been knocking the living hell out of Gaza again this week. This round of bloodshed began with the killing of Zuhair al-Qaissi, head of the Popular Resistance Committees, a militant Palestinian group. Rockets fired into southern Israel in response were supposedly shot down by their new anti-missile system. I will reserve comment on that until I see convincing confirmation that the system worked, having lived through bogus claims about Patriot missile batteries during the Gulf War. I can say, anecdotally, that the one thing I hear repeated by defenders of the Israeli government here in the U.S. is missiles, missiles, missiles. It’s like the G.O.P. candidates talking about gas prices. A million Israelis are under the threat of missile attack, they say.

Little is said about the fact that more than a million and a half Palestinians live constantly under the far more credible threat of attack from the fourth most powerful military in the world. Well over a thousand have been killed in attacks by the IDF over the past three years. Rockets from Gaza have killed about 30 Israelis – too many, clearly, but losses at a whole different order of magnitude from what’s happening on the other side of the Green line. Palestinian deaths have equaled that number just over the past week to ten days. Add this to the fact that, even without being shot or blown up, Palestinians live like dogs in Gaza mostly because it is under a constant state of siege by Israel and a U.S.-led coalition of powerful nations. At the very least, Israelis have some kind of a life between the missiles. Palestinians, not so much.

The fact that Hamas has, in essence, broken with Syria and Iran and are aligning themselves more with the Muslim Brotherhood in Egypt, which is in that country’s ruling parliamentary coalition, may seem to offer hope of some progress in this bloody standoff. The Egyptian group, a progenitor of Hamas, is no longer a militant organization; it appears to be having a moderating influence on Hamas. Prelude to a peace agreement? Don’t bet on it. If there is one thing the Israeli government fears more than anything else, it is the threat of a negotiated settlement. They prefer to settle things on the battlefield, where they hold a distinct advantage. Negotiations mean giving something up of value, like the 22% of historic Palestine that lies outside of the Green Line, including the West Bank – namely, the territory that would make up a Palestinian state.

Netanyahu, like Sharon, Shamir, and Begin before him, will never allow diplomacy to get in the way of Israel’s expansion of settlements on the West Bank. Expect more IDF attacks in Gaza as negotiations grow more likely.

luv u,

jp

Albumination.

We’re out of the big box retail business. Easy come, easy go. Now what do we do for scratch? Start scratching? What am I, a dee-jay? (Perhaps I am…. )

Leave us face it. As so many of our closest friends and advisors have told us, Big Green’s money-making gene is recessive. The cash bone definitely is not connected to the Green bone. Even when we have a hole to China’s most productive consumer good factory – literally a tunnel to the bank! – it blows up in our faces. The gods want us humble. They have given us a mission, and we must fulfill it. Live simply in an abandoned mill. Make music. Travel to other planets via questionable means. Go forth and do as I tell you. WHAT ARE YOU WAITING FOR?

What the…. got gods for three minutes and they’re already demanding as hell. Well, you should know that we’re not letting the grass grow under our feet. (Except the mansized tuber, of course – that’s his natural state.) As you may be aware, Matt and I have been busy with our podcast. A grueling monthly broadcast schedule, now in its eighth grueling month. Ever eat gruel for eight months straight? Just try it sometime, Ebeneezer. Even you will be calling for more bread, damn the ha-penny extra. Right…. where was I? Ah, yes. Work. Work, work, work. The podcast demands a great deal out of us – namely, that we turn on the recorder, stand in front of studio mics, and talk total, rambling nonsense like we always do. Then we press stop. (I told you – it’s a great deal.)

Then there are the songs. We’ve done a lot of Cousin Rick Perry songs – it’s becoming a bit of a theme, like Christmas or rare foot diseases. Marvin (my personal robot assistant) has been good enough to help track some of the numbers. In fact, we’re thinking about pulling it together into an album – finishing the songs we threw together for the podcast and putting out an album of Rick Perry themed material. Would the resulting product be an abomination of sorts? Perhaps in the Eyes (or the Ears) of the Almighty Rick. He is among our more sensitive cousins, to be sure.

So, yes, our hands are full, our hearts (and wallets) light, our spirits…. I don’t know, I’ll go with spongy.

To the bottom.

Through the course of the average day during this politically charged season (and, as you know, we are in the midst of a permanent campaign, no end in sight), you are likely to hear all kinds of wild economic claims and predictions. Among the most impressive, in my humble opinion, is Gingrich’s $2.50-a-gallon gas promise. We expect no less from the once and future King of the Moon People. A big idea man. The thing about big ideas is that they can also be bad ideas. In the case of the $2.50 gas, though, we’re talking more about excessive blowhardism and the usual type of empty pandering you see from seasoned politicians like Gingrich. Last presidential election, it was drill, baby, drill! This time, it’s pappy cheap-gas. Also, pappy tax cut, as always – that one never gets old.

This is where the faulty economic theory part comes in. Take pretty much any one of the Republican candidates’ tax plans, to the extent that they’ve been articulated thus far. Romney, for instance, is touting a 20% across-the-board tax cut. What he’s actually talking about is raising taxes on the bottom third of wage earners, which the G.O.P. field has for several months been describing as woefully undertaxed. Meanwhile, at the top end, the richest of the rich (i.e. the parents of kids too rich to want to hang around with Richy Rich), folks will be seeing an extra $400K or so in their yearly income. All well and good, right? These are the “job creators”, right? The folks who fired your ass so they could afford a second Bentley. They were the ones paying too much, as George W. Bush lamented back in 2000 (which he later fixed with his massive tax cuts).

All right, except that at the same time they argue for a balanced budget, fiscal discipline, etc. – a trope that has grown more insistent by half since the White House changed hands in 2009. Bush’s tax cuts blew a hole in the federal budget you could drive the Nimitz through; in fact, they planned for it to expire after a decade and put a lot of the cost in the out years so as to bring down the impact. But they – meaning Bush, Cheney, budget director Mitch Daniels, and others – certainly knew that the sunset provision would be meaningless, simply because of the politics of “raising” taxes (e.g. letting cuts expire). Romney’s plan would add to that deficit in spades, prompting massive cuts in social services, infrastructure spending, aid to states, you name it. That would put us in a Greece-like downward spiral – cuts that lead to economic contraction, which negatively affects tax revenues, opening a wider budget gap, which brings on more cuts, etc. Rinse and repeat.

The best they can offer is a race to the bottom. That’s why we have to push back. If they gain control of the budget process again, Greece is the word, my friends.

luv u,

jp

Weird ass music since 1986