Archive for July 25th, 2008


Stop Schwarzenegger: Sign the petition


But is the threat to cut wages of state workers to minimum wage until a budget passes just posturing by Schwarzenegger?

It’s a political ploy; of course it is,” said Sen. Darrell Steinberg, D-Sacramento. “But it’s a pretty cheap political ploy because the people who work hard for the public don’t deserve to be put in the middle of a budget fight.”

I have friends and relatives who work for the state of California. They won’t be able to pay their regular monthly bills should this noxious scheme by the Bankrupterator become reality. But it won’t. The State Controller has said he won’t implement it and lawsuits galore will be filed to block it.

Um, didn’t Arnold win the recall election against Gray Davis because he promised to balance the budget, lower taxes, increase services, and guarantee bitchin’ surfing forever on California beaches. (Ok, maybe he didn’t promise that last one.)

I will not fail you, I will not disappoint you, and I will not let you down,” the Republican Schwarzenegger vowed after receiving a phone call from Davis conceding the race [in 2003].

Uh huh.

So, sign the petition. I did. (Yeah, I know. Online petitions sometimes seem a bit pointless, and can just be a ploy to get names for the organization’s mailing list. But hopefully the delivery of the petition on Monday will get major media attention.)

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About that foreclosure suicide

Tanta at Calculated Risk does some digging, and wonders why mainstream media missed important facts, like why the cop said (with no proof) that the couple must have had an adjustable rate mortgage, why the husband said he had no clue about the foreclosure yet had filed for a BK three times recently - and so on.

Tanta doesn’t have the answers yet, just questions, plus justifiable outrage at the predetermined spin by mainstream media as to what the story is about. In this case, the spin is the suicide must be due to a predatory lender, even though there is no proof of this and Tanta, after a little research, shows the couple do not appear to have been in anything approaching serious debt, plus he was making good money.

I do not doubt for a moment that Carlene Balderrama was under severe psychological stress. Whatever kept her going through six years of an inability to make her mortgage payments, clearly the reality of the day of foreclosure sale was too much to bear. What I do object to is the transformation of this story into an urban legend about “predatory lenders” and the effects of an RE downturn based on no evidence whatsoever. I object to these reporters’ unwillingness to deal with the facts available to them that surely complicate this currently popular narrative. I object to cops running off at the mouth with unsubstantiated claims and a husband and his co-worker heaping blame for the family’s financial woes on a dead woman who can no longer defend herself, and I surely object to it when it gets used to slander a mortgage servicer who was, apparently, the only party involved who ever took this woman seriously enough to call 911.

While you may sympathize with the predatory lender spin, her primary point is that media often twists a story to fit their predetermined bias, and that that doing so for an apparent suicide is sickening.

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Gordon Brown and Labour Party = toast


The left-leaning Scottish National Party, who advocate secession from the UK, just scored a major upset in a Glasgow East election, taking a once safe Labour Party seat. This is the third time in nine weeks the Labour Party has been stomped at the polls.

Socialist Unity

The impact in Scottish politics is much greater. As Nicola Sturgeon said on TV last night, this is the first by-election in history where two governments have been running against each other. And in a safe Labour seat, the voters preferred the record of the Scottish National Party.

Mac Uaid reminds us that SNP is a bourgeois party that has positioned itself to the left of Labour “albeit one that is picking up lot of working class support including from the SSP [Scottish Socialist Party] and Solidarity.”

Lenin’s Tomb on how the Left should deal with the collapse of Labour

But an alternative to Labourism cannot be built from above by a loose association of ‘ecosocialists’ and Eurocommunists who flee under the Labour umbrella when there is the slightest of sign of precipitation. It has to come from below, and to that extent it has to come from the ongoing revival of trade union militancy, particularly from the fightback against Brown’s government by the very working class who can no longer stand to vote for that shower. As these strike waves become more frequent and longer, as they are sure to do, the question that has dogged previous trade union conferences - why are we funding these bastards? - will return with force.

Maybe unions are stronger in England than here, but shouldn’t the fight-back come from all sectors, not just the unionized working class? Here in the States, the boundaries of class are fuzzy and permeable. I’ve never understood the Marxist orthodoxy that if you don’t own the means of production, then you are working class. This leads to absurdities like categorizing an MD who makes $150k a year working for an HMO as working class because he doesn’t own the hospitals. Nor, for that matter, do hospitals produce anything (in the classic Marxist sense of factories.)

The hardcore of Labour left hangers-on will have to look increasingly outward, toward alignments beyond the party that it is kicking them. Of course, no alternative that could conceivably be built would be a ‘pure’ working class movement, or from the old left. It would embrace all the diverse campaigns that the Left has thrown itself into, including defending council housing, defending asylum seekers, fighting the BNP, resisting the war, and so on.

Exhortations that change need to come solely from a mythical working class (whatever that is) often work against the possibility of working with all sorts of people who want change. Besides, history shows that leaders of revolutions generally come from the upper middle class, not the working class. Big tents are a good thing.

And it sure looks like the Labour tent is getting smaller and smaller while the Left tent grows.

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New boss same as the old?

From an anonymous political consultant on JoeBageant.com

Barack Obama is in short order a far more reassuring prospect for the continued dominance of the financial elite than another four years of neo-conservative rule which in an almost historically unique combination of greed, ill will, incompetence and stupidity have brought the country to the edge of disaster.

Audacity yes, change hardly.

Sort of. That the financial elite wants an end to neocon venality and incompetence in and of itself represents change. The Bushies have been terrible for business. Thus, a non-ideological, rational adult in the White House is called for.

I’ve never thought Obama represented real change, and given his rapid rise out of nowhere, it’s clear he has long enjoyed the backing of powerful segments of the financial elite. However, he genuinely gets it about global warming and will be considerably less bellicose than the willfully ignorant George Bush. And that will be a welcome change.

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The coming collapse of the Chinese economy

The Yellow Brick Road explains in great detail why the roaring economy of China is heading for calamity.

Huge state subsidies, massive debt, an increasing exploited and angry rural class who have no property rights, overt corruption, and a recession are all contributing to their growing economic problems.

China is facing the default on its debts and a possible financial collapse unless it dumps all its foreign reserves.

That of course means big trouble for the US.

When it all starts it will be very ugly here but even more ugly there.

This is still very much a minority opinion. But one I think will prove true.

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Foreclosure suicide

Balderrama faxed a letter to her mortgage company at 2:30 p.m., saying that “By the time you foreclose on my house I’ll be dead.”

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Ginormous Sahara solar could power Europe

What may have at first seemed an outlandish plan could become reality. It’s a $71bn plan to create massive solar farms in the Sahara and send the power to Europe. Not only would it help power Europe, it would also provide huge income for those Sahara countries (who would also get lots of power too.)

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