Tag Archives: Joe Biden

Political Rants

The hot air balloon we call the inflation debate

I saw Larry Summers on television today. That says all you need to know about the corporate media’s state of discourse on the economy. The Democratic leadership in Congress is like a deer in the headlights – they are just effing doing nothing. Didn’t they have at least two shots at reconciliation? Has it occurred to any of them that they should pass something under the Byrd rule, seeing as they plan on leaving the filibuster intact?

I suspect the answer to these questions is a resounding no, and I suspect the reason for that answer may be, well, Larry Summers. The austerians appear to be winning the day in the Biden Administration and the Democratic-led Congress. They are afraid of spending money on anything apart from the military, which is the beneficiary of lavish amounts of public funds in excess of $800 billion per annum.

The notion that social spending is responsible for recent price rises is simply laughable. There are other, more likely causes.

Pumping profits straight from the ground

Gas prices are an obvious driver of inflation. The price at the pump is somewhere around $5, the highest they’ve been perhaps ever. The thing is, crude oil prices are not at a record high, not by any means. Oil peaked in 2008 above $140 a barrel, and yet gasoline in the U.S. was selling at about $4 a gallon. Right now oil’s around $108 a barrel. So …. what gives?

One big factor is refining. During the pandemic, oil refining capacity in the United States fell about 5%, from over 19 million barrels in 2019 to less than 18 million. This was because there was less domestic travel due to COVID, which meant less demand for oil. Now that demand has shot up like a rocket again, the oil refining capacity in the United States is simply not sufficient to meet the need.

Why not reopen some of that refining capacity? Well …. that would mean more supply, lower price, less profit. Get the grift … I mean, drift?

From every misfortune a fortune is made

Why are prices rising? Over the course of 2021, corporate profits were up by more than 25%. There’s some serious profit-taking going on here, obviously. While everyone else was struggling to get through the pandemic, these fuckers have been cleaning up. Jim Hightower talks about Proctor and Gamble’s diaper business, an industry they and maybe one other mega corporation have a corner on:

Procter & Gamble Co. announced a year ago that COVID-19-driven production costs were forcing it to raise the price for its Pampers brand. At the time, it had just posted a quarterly profit of $3.8 billion, so P&G could easily have absorbed a temporary rise in its costs. But instead of holding the price to ease their customers’ economic pain, the conglomerate used a global health crisis to justify upping diaper prices. Six months later, P&G’s quarterly profit topped $5 billion. And—in that same quarter—P&G spent $3 billion to buy back shares of its own stock.

Just one of many examples. Bottom line is, as working families are stripped of the modest benefits they received from the Child Tax Credit, they must now contend with rising prices driven by the greed of monopolistic companies that contribute heavily to our leaders’ campaign coffers.

Asleep at the wheel

Why isn’t the mainstream press reporting on this? Too busy reporting on the many challenges of air travel – Turmoil at the Terminal! As I’ve mentioned previously, corporate journalists are disproportionately focused on the airline industry. That’s because they make up the seven percent of Americans who fly regularly (once a month or more). Maybe Jim Hightower should hang out in airports and talk to the correspondents as they wait impatiently for their flights.

luv u,

jp

Check out our political opinion podcast, Strange Sound.
Political Rants

The war dog that didn’t bark in the night

I’ve heard a few stories this week about mission creep in the U.S. led response to Russia’s Ukraine invasion. Frankly, it would surprise me if there wasn’t any. This is something empires do, and the United States has done it multiple times in not at all subtle ways. Libya is probably the most glaring recent example of this. First we’re going to save the people of Benghazi; then, well, we’re going to act as the Libyan rebels’ air force. That’s when you get people back home saying, did we sign up for this?

Well, now we have members of congress going around saying that this is a proxy war against Russia, which speaks to the intention behind the policy. Granted, Seth Moulton was the source, but still – he probably hears a lot from the national security establishment on this. Trouble is, there’s a proxy only on one side – ours. This is not like Syria. Russia has a direct interest in this war, not a supporting role. Given what we’re hearing about intelligence sharing, it’s kind of a miracle that we’re all still here.

Unannounced, unmolested visitors

But intelligence sharing is not the only thing going on behind the scenes. There must be a substantial amount of de-confliction taking place, or even relatively high level conversations. The reason I think this is that Russia has the capability to strike anywhere in Ukraine by air, via either planes or medium range ground-to-ground missiles. And yet, when American dignitaries – congress members, cabinet officials, the first lady – show up in Kviv, there are no Russian strikes. Coincidence? I think not.

This cannot be chalked up to not knowing about the trips. Russia hits these cities at random, at will. But when important people from the U.S. are in town, the missiles stop. This is not a coincidence. It’s evidence of some rudimentary rationality on the part of Russian leadership – they don’t want World War III. Frankly, there are a lot of things they could be doing militarily that they haven’t opted for. That’s not cause for praise, of course – if someone with a gun stabs you to death, it doesn’t mean you should praise them for not shooting you. But in this case, it means that things can, indeed, get a lot worse.

Going over the top

All that said, there remains a better than strong chance that this Ukraine conflict will result in a broader war, and perhaps nuclear escalation. The pieces are all in place to make that happen. It seems clear, based on recent reporting, that the Biden administration has been sharing targeting information with the Ukrainians that has contributed to bringing about the deaths of numerous Russian generals. If it’s being reported, it was certainly known already to the Russian leadership. Now the whole world knows, and they have egg on their face.

In recent days, the Russians have been zeroing in on Ukraine’s supply lines from the West. They hit Odessa as part of this campaign, reportedly. We know there are American and European operatives working in Ukraine. How long before some of these people are hit, captured, killed? If the Ukrainians continue to succeed on the battlefield with our weapons, how long before Russia strikes at the source of these weapons, if only obliquely? It might turn out to be a light tap on the arm, but that might be all that’s needed.

What doesn’t help is American politicians spouting off about turning this into another Afghanistan, as Seth Moulton was kind of saying on Fox the other day. I expect this idiocy from Republicans … but Democrats should know better, somewhat.

Damn the ICBMS – full speed ahead!

I got into a Twitter skirmish with a Congressional candidate a couple of weeks ago over the topic of Ukraine. He is an independent, and he was advocating removing Putin from power. I asked him how he proposed to do this, and after some hedging he said through military action. When I pointed out that this would likely lead to World War III, he basically accused me of not caring about the suffering of Ukrainians, and called me a “coward” because I was not willing risk nuclear war to advance his regime change policy.

The thing that’s truly frightening about this is that other people – progressives, even – seem to think this makes sense. This is the problem with having a massive military that can project power all around the globe at will. We use it too much – like Russia, only worse – and get used to the idea of it being a solution to all problems, when it, in fact, solves none.

If we try to pull an Iraq or a Libya on Russia, it’s game over. That’s the reality, like it or not.

luv u,

jp

Check out our political opinion podcast, Strange Sound.

Political Rants

Froggy’s getting warmer by the minute

It’s worth remembering that, before the 1973 coup, Chile had a long stretch of stable electoral democracy. A military takeover was beyond the imagination of many, and yet it happened. Of course, it happened with full support from the United States under Nixon, but the administration found plenty of willing collaborators in country.

Granted, we’re not faced with a similar threat of powerful foreign intervention. Indeed, the current generation of Americans – and more than a few back – has never faced an all-powerful foreign foe like Chile had in the U.S. We don’t exactly walk around on tip-toe, and practically every nation of the world bears marks left by us at some point. But we ourselves don’t know what it’s like to get skull fucked by an empire.

Models exist – there’s one you’ll choose

You may have heard that Trump recently endorsed Viktor Orban, the Hungarian Prime Minister, for re-election. He’s a right-wing electoral strong man, a bit like Putin but with less opponent poisoning, and a particular favorite of the American right. Then there are the garden variety dictators that our networks never mention – Sisi in Egypt, MBS in Saudi, etc. Those countries hold demonstration elections as an unconvincing means of conferring legitimacy on the autocrat.

As hard as it may be for most people in America to accept, we really are on the brink of losing even the weak, highly attenuated say we have over our government. The Republican party would very much like to see us move more towards a Hungarian model. Say what you like about it, it’s a great way to stay in power permanently, and since that’s what they want above all things, they’re likely to try to bring it about. And if that doesn’t work, there’s always Egypt.

Old boys club, once again

The problem we have is what might be described as the curse of false expectations. Things have always been a certain way. Republicans and Democrats alternatively win an election, lose House and Senate seats in the mid terms, then usually (though not always) rebound on the re-elect year. The normal political cycle is burned into our brains and into the brains of our television pundits. We normalize everything, almost autonomically.

The trouble is, what we’re going through now is not normal. This is not the same thing that happens every two years. As I’ve said before, every time they come back they’re worse, only this time it’s worse than merely worse.

The extremely aged leaders of the Democratic party seem incapable of treating this situation as uniquely dangerous. Biden holds international conferences on Democracy. Garland encourages everyone to be nice to one another and to do what we can to preserve Democracy. Like with the climate crisis and COVID, they seem hyper focused on maintaining the appearance of moderation, at the expense of taking the kind of bold action that’s needed.

And if they’re wrong, well …

Let’s face it, a gradual coup is still a coup. The Republicans are putting the pieces in place to seriously game national elections. Democrats are acting like deer in the headlights. The right is out-organizing the left, and it’s clear that if they win the fall elections, they will finish what they started last year.

The water in this pot is getting hotter, folks. It’s time we leapt the hell out.

luv u,

jp

Check out our political opinion podcast, Strange Sound.