Episode #37 Hosted by John Bush w/ special guest host Catherine Bleish In this episode, Cat and John chat about their adventures at the Sunset Valley Farmers Market trading silver for veggies. We get in to the specter of “white al-qeada” with the latest DHS propaganda, we celebrate Pete and Ademo’s victory in MA, and [...]
Fresh off his health care reform victory, President Barack Obama will quickly move to overturn the DOD’s “Don’t Ask, Don’t Tell” policy prohibiting sodomites from serving openly in the US military. He will also move to grant amnesty for millions of illegal aliens. These are Obama’s next two agenda items, as he attempts to fulfill his campaign promise to “remake America.”
Already the Pentagon has opened the door for women to serve alongside men aboard submarines, something the Navy has never allowed–for what should be obvious reasons. Furthermore, Secretary of Defense Robert Gates just this week closed the door on rank and file military personnel from “outing” homosexuals that they discover among the troops. This move is seen as a precursor to the soon-coming complete undoing of “Don’t Ask, Don’t Tell.”
It is difficult for me to imagine that frontline troops could tolerate open homosexuals serving among them. Over the past 30 years, I have spoken with hundreds (literally) of active duty and retired frontline soldiers, sailors, Marines, and airmen, and I can unequivocally say that not one of them supported allowing sodomites to serve openly in the US military–especially in combat units. Not one! And the vast majority of them were also opposed to women serving in combat units.
It is difficult to get a man to understand something, when his salary depends upon his not understanding it.
Bestselling financial writer Michael Lewis is now saying the same thing. In an interview with 60 Minutes, Lewis said:
Wall Street is able to delude itself because it’s paid to delude itself. That’s one of the lessons of this story. People see what they’re incentivized to see. If you pay someone not to see the truth, they won’t see the truth.
As Lewis makes clear, the broken incentive system causes the heads of the Wall Street giants to act in ways which are not only destructive to the economy as a whole and to American jobs, but to the long-term health of their own companies.
If the broken incentive system were fixed, Wall Street big shots could suddenly be able to “see” the destructive effects of fraudulent and risky behavior. That would take politicians getting out of bed with Wall Street for a couple of minutes, which is unlikely, given how warm and cozy it is Unfortunately, that’s probably not politically feasible.
Of course, executive compensation should be linked to performance, in the sense of creating sustainable wealth for shareholders and the economy as a whole. But if the companies and politicians are too spineless to do that, at least ill-gotten gains could be taken away after the fact when executives are found to have committed fraud or driven their companies into the ground.For example, as I wrote last April:
[William K. Black - the senior regulator during the S&L crisis, and an Associate Professor of Economics and Law at the University of Missouri ] provided the historical background to the PCA [The Prompt Corrective Action Law (PCA)] in a little-noticed essay last month:
… PCA also recognized that failing bankers had perverse incentives to “live large” and cause larger losses to the FDIC and taxpayers. PCA’s answer was to mandate that the regulators stop these abuses by, for example, strictly limiting executive compensation and forbidding payments on subordinated debt.
Are there no depths to which conservatives will not sink in their ardent embrace of the war on terrorism? The latest monstrosity from the right came courtesy of Keep America Safe, a toxic organization headed by Liz Cheney, the daughter of former Vice President Dick Cheney, who recently put out a disgraceful TV ad, “Who Are the Al-Qaeda Seven?” The ad questioned the loyalty and patriotism of nine lawyers in the Justice Department who had represented prisoners at Guantánamo before joining the DoJ.
To be fair, Liz Cheney’s ad has backfired badly, drawing the ire not only of those on the left, but also of heavyweight conservatives, nineteen of whom signed a statement last week denouncing it, declaring, “We consider these attacks both unjust to the individuals in question and destructive of any attempt to build lasting mechanisms for counterterrorism adjudications,” and adding that the attacks on the lawyers “undermine the Justice system more broadly,” by “delegitimizing” any system in which accused terrorists have lawyers, whether that system is federal court trials or military commissions.
Those who signed the statement included former Solicitor General Ken Starr, former Deputy Attorney General Larry Thompson, former White House lawyer Brad Berenson, John Bellinger, the former legal adviser to the National Security Council and the State Department, and two former detainee policy officials in the Bush administration, Matthew Waxman, and Charles “Cully” Stimson, who, ironically, was himself forced to resign from the DoD in 2007 after starting a similar witch-hunt against corporate law firms whose lawyers represented prisoners at Guantánamo.
You’ve seen “ER” and I’ve seen “ER” and I think we can both agree that if bipartisan health care reform were a patient, Doctor Obama would be dejectedly dropping the paddles, ripping off his mask and asking Nurse Pelosi to call it.
Oh, yeah. It’s finished. Done with. Kaput. Defunct. Deceased. Extinct. Artifacto. Fuggedaboutit. Game over, man. Part of the vast past tense. Washed up. Down the drain. Sleeping with the fishies. Sheer finito. Totally obliterated. See ya. Wouldn’t want to be ya. Pushing up daisies. Eaten by the undertoad. Down Goes Frazier! Rests in peace. Bereft of life. Shuffled off its mortal coil. Crossed the distant shore. Run down the curtain and joined the bleedin’ choir invisible. Stick a fork in it. It’s history. A memory. In the archives. Way gone. Say bye. Then again… you never know. Reconciliation. Such an innocent word.
With the deftness of Houdini, the president conjured up a seance where Democrats and Republicans sat down together and aired out differences like actual humans, and while the festivities conspicuously lacked any hand-holding choruses of “Kumbaya,” the two sides did refrain from physically throttling each other and nobody staggered out in full view of the cameras cradling a bloody stump. Which, for these guys, is a leap. They did, however, continue to lock out ordinary Americans by talking in a special Congressional code known as Politico-Speak. And I’m here to decipher.