Archived entries for Politics

Charlotte and banking, a love story?

I hadn’t had a chance to read this article before. I only just got clued in to it today from someone on one of my LinkedIn groups. It’s sort of a shocking look at the last days of Wachovia.  If anyone isn’t too sure how important Charlotte is (was) to the banking world, read this article:

Wachovia’s End – American Banker Magazine

Another thing it makes you think is just how complicated and confusing things were during the middle of the banking crisis. In my wildest dreams, I could never be smart enough to really understand what happened or how.

It’s particularly interesting that I found this article on the same day I read about this in the Charlotte Observer:

Foxx Tells Obama: Charlotte Needs BofA

I think I mentioned the Charlotte mayoral race some time ago in the blog. Charlotte was about to elect its first new mayor in almost 20 years. That new mayor turned out to be Democrat Anthony Foxx: A young (39 years old) African-American lawyer who, when he speaks, sounds the notes of hope, cooperation, and consensus building not unlike a certain other African-American Democratic elected official. On a side note, I wish I was living in Charlotte for this race. Anthony Foxx would’ve had my vote.

On the day after the election, Foxx got a call from none other than President Obama. It was the quick, congratulatory type. But in that short amount of time on the phone, Mayor-elect Foxx actually hit the President up with a plea for Charlotte keeping Bank of America headquartered here because of how important they are to the city and the region. And he’s right about that. Despite what you hear from some of Charlotte’s leading officials; things like “We have a very diverse economy,” and “There are plenty of other businesses headquartered in Charlotte that can help to pick up the slack,” the truth is that Bank of America has a monumental impact on Charlotte’s economy. So did (does) Wachovia.

According to the Observer article, the Mayor-elect isn’t alone in asking for help from the Obama Administration and Congress. What I found particularly interesting about reading both of these articles on the same day, is that I feel the government owes Charlotte something in return for the bizarre and bullying way that it treated Wachovia. And the government could go a long way in making it up to us by working to keep BofA headquartered here in Charlotte. By doing so, I think it could send some important messages:

  1. Banking is not just Wall Street and Wall Street is not all there is to banking. Look
    no further for proof than the fact that one of America’s largest financial institutions is headquartered in Charlotte, NC.
  2. If BofA stays, Wells Fargo might think twice about moving much of its banking operations away from Charlotte. BofA’s presence virtually insures that the talent pool of financial professionals stays, and that would be attractive to Wells.
  3. Not only does the pool of financial professionals remain intact, but so does the pool of other professionals like lawyers, architects, entrepreneurs, and the entire eco-system of small businesses that grew up around the nearly endless supply
    of work from the banking behemoths (of this, I know from whence I speak).

I’m swiftly running out of intelligent things to say in this post, but before I cut it off, I’ll say that I realize keeping Bank of America today doesn’t mean they’ll be here a decade from now. But a decade-long runway to prepare for their eventual departure is a lot better than losing them overnight. Cities and towns that lose their major corporate neighbor don’t soon recover nor do they recover gracefully. Detroit, anyone?  Or Lebanon, PA?

H.R. 3200: Sec 246

Just so you know…

H.R. 3200: Sec 246 — NO FEDERAL PAYMENT FOR UNDOCUMENTED ALIENS
Nothing in this subtitle shall allow Federal payments for affordability credits on behalf of individuals who are not lawfully present in the United States.

But don’t take my word for it. Go here, here, here, or here. It’s really easy to figure this stuff out for yourselves, folks.

Franken talks healthcare

Franken Calms Down Health Care Opponents VIDEO.

This video, posted on the Huffington Post, sort of promises a juicy visual of Al Franken in the midst of a torch-weilding mob which he somehow diffuses with a mixture of frank talk and, I don’t know, humor maybe? The truth is, the “mob” isn’t all that ferocious in the first place. Nevertheless, Franken does a masterful job of addressing the real problems with healthcare in America.

It’s not long (only 9 minutes) but there were a few things about it that I found especially interesting. One, not all tea party folks are angry mobs. That’s a misperception promoted by the media. Two, its very, very clear who are the tea-baggers. And not just because one of them is wearing a t-shirt. Several times, they try to make points that are straight out of the Glenn Beck/Bill O’Reilly/Fox News playbook such as, “immigrants are the reason that costs are so high.” And that’s the one time that Franken gets a little testy when he has to remind someone that, no, he just said that the demographics in the two examples are the same. But even then, he’s deferential and he goes back to explaining things again. Three, a casual observer or one who is predisposed to not believe anything no matter how sensible, might probably dismiss the whole affair as lots of Washington double-speak peppered by hollow rhetoric. But it’s not. It’s complex. Very complex. I know what Medicare Part D is, for example, but I couldn’t explain it to you if you were holding a gun to my head. This issue is so complex that it’s no wonder it’s been so easy for the right to take advantage of the fear. Plus, as you watch, you can easily identify the moment that the tea-bag lady’s eye glaze over because of the overwhelming complexity of the information. It really isn’t the brainwashing that limits her ability to understand the issue, it’s her attention span. The brainwashing only works because she doesn’t have room for anything else. She needs it to be as simple as, “my taxes will go up and Obama is a socialist.” Never mind that neither of those things is true. And finally, there is probably no way you’re going to see this on the news. You’ll only see it here. It won’t show up on Fox. It won’t be discussed on Rush’s show. It won’t see the light of day in main stream media because it’s too damn nice. And it’s too damn complicated.

It’s been a while since I got around to posting anything. This one, however, is actually only a small part of some things I’ve been thinking about lately. Stay tuned. A rant’s probably coming soon.

More good reading for today

An article from Slate this morning has a great suggestion for the policy wonks and talking heads who nightly rail against tax-payer funded healthcare: Make them disclose their relationship to tax-payer funded healthcare before they begin shouting about its supposed evils. Its a short article and a good read. Check it out here.

Doonesbury

If you haven’t been following, Doonesbury has had a really funny series of strips lately on the C-Street Fellowship. You can see today’s strip on Slate.com and you can click back through the archive to read the series from the beginning.

Please read!

And pass on to others if you get the chance. There should be more outrage.

But seriously, folks: Obama death panels? (Joan Walsh opinion column, Salon.com, Aug. 8, 2009)

Hearing yourself over the shouting

Sometimes its hard to listen to reason when the only thing you can hear is the shouting. There’s been plenty of that lately. You almost can’t avoid the coverage about the public disruptions and the “unofficial” talking points memo outlining the exact tactics for turning a townhall meeting into an angry mob of torch carriers. Believe me. I’ve tried to avoid it.  I rarely watch network news anymore. But even NPR had to cover it this morning.

Take some time to read one of the following interesting items regarding the realities of the healthcare debate before allowing the rabble rousers to dominate the conversation.

I’d also encourage you to read any of the items on the front page of Think Progress.org this morning. There are some truly stunning items being talked about there.

It seems to me that we have an opportunity and perhaps an obligation to remind people that this is a policy debate where people can come to a reasonable, even if not entirely ideal, compromise. It makes little sense to me to let this turn into an extreme ideological division between reason and madness.

Quick update:

Remember when this happened? Ironic, no? Lucky for the current crop of protestors that the current administration values the right of freedom of speech and freedom of expression no matter how closed-minded or distasteful.

Arrested Bush dissenters look to the courts. (2006 USA Today article)

Palin’s Resignation: The Edited Version

This is just too awesome not to share:

Palin’s Resignation: The Edited Version | vanityfair.com.

Righteous indignation

I started writing a “woe-is-me” post but I took a break from it. I’m feeling bad enough as it is to add any unnecessary anxiety to an already stressful situation. So instead, I thought I’d exercise some righteous indignation in the face of some annoying political news.

Two things that have me foaming at the mouth lately are the SCOTUS hearings for Ms. Sotomayor and the healthcare debate.

First of all, there seem to be a couple of points that the Republicans are trying to make hay out of regarding the confirmation hearing for the Supreme Court. And these two things are getting what I consider to be a ridiculous amount attention. But they’re all the Republicans have, so they’re milking them for all they’re worth. One of them is this business of a “…wise Latina woman…” which has gotten wrapped up with the President’s description of a strong judicial candidate as someone with empathy. Empathy is the ability to understand and share the feelings of another person. Not to be confused with sympathy which is actually feeling pity or sorrow for another person’s predicament. People often use sympathy when they mean empathy and vice versa. Particularly when they say something like “I know how you feel.” They think they’re being empathetic when they’re really being sympathetic. But semantics aside, for some reason, certain members of Congress got their panties in a bunch when they heard this coming from the President. Then, of course, we all heard the speech that Sonia Sotomayor gave in which she said that she hopes that a wise Latina woman would come to a better decision [in a case] than a white man. I don’t know if she’s right. I’m neither wise nor a Latina woman. But I certainly think its fair to hear her out and understand where she’s coming from (see what I did there with “understand?”). Is she exhibiting some of her judicial philosophy with this statement? Maybe. If it is a part of her judicial philosophy, then I think I can find something here that I can relate to. I think, in my very humble and much less intelligent opinion, that she’s saying that the richness of one’s life experience is inexorably bound to the approach one takes toward answering a particular question, solving a particular problem, or adjudicating a particular case. I happen to think that’s almost necessary. But then again, I’m a bleeding-heart liberal. A chorus of conservative commentators and legislators are falling all over each other to point out that this is the very definition of a liberal, activist judge and that they would never, not in a million years, vote for someone who believes in anything other than a dispassionate (read; conservative) application of constitutional law.

It almost goes without saying that I listen to a lot of NPR throughout the day. If you were listening, as I was, to All Things Considered yesterday, you would have heard Robert Siegel interview Sen. Charles Grassley about empathy and impartiality. Most of it was the usual Republican claptrap until Robert Siegel read the following quote from Samuel Alito during his confirmation hearings:

“When I get a case about discrimination, I have to think about people in my own family who suffered discrimination because of their ethnic background or because of religion or because of gender. And I do take that into account.”

For $10, guess what Sen. Grassley’s vote was on the nomination of Samuel Alito. If you said “yes,” I’ll be sure to have the state of California issue you an official I.O.U. for $10 plus 3.75% interest.

The rest of the interview went rather predictably. Sen. Grassley never really addressed the point that Robert Siegel was trying to make, nor did he acknowledge that the circumstances are no different except for the party of the Executive Office. And, oh yeah, the gender and race of the person in front of the commission. But, “NO!” say the Republicans. “This is not about Justice Sotomayor’s gender or her race!” Methinks they doth protest too much. We’ve also got these same Republicans and many of the fear-mongering, hate-spewing, neo-conservative talking heads pointing to the recent Supreme Court decision over-turning the 2nd Circuit Court’s ruling in favor of the black firefighters in the Ricci v. DeStefano (otherwise known as the New Haven firefighters) case as proof-positive that Sonia Sotomayor legislates from the bench and is a racist in doing so! To which I say, horse feathers! The whole case is complicated and nuanced. I don’t get it entirely. Which is among the many reasons why I’ll never be a Supreme Court Justice (that and the fact that I probably wouldn’t even make it through law school if I tried). But what I think it boils down to is that the Supreme Court doesn’t issue rulings to chastise another judge. Their rulings reflect on previous rulings only insofar as they clarify the law and lay down an interpretation that, in our sports-minded culture, seems to superficially suggest a winner and a loser. But that’s not really the purpose of the Supreme Court, is it? Oh, wait…except when they decide who gets to be the President of the US. Yeah, I went there. And I’m not sorry I did.

The ruling by the 2nd Circuit Court was strictly an application of the law as it was written. The Supreme Court, as it is supposed to do, ruled by suggesting a reinterpretation of that law. And only by the slimmest of margins, I might add. And none of this takes into account that part of the responsibility of the Circuit Court of Appeals is to see to it that certain cases, which challenge existing laws, find their way to the Supreme Court either purposely or indirectly through a ruling. That’s our judicial system working as it was intended, whatever your opinion of our judicial system may be. Had Judge Sotomayor ruled otherwise, you can bet that the argument today would be about her re-writing laws from the bench.

Then again, what do I know, I’m just some guy behind a computer.

Now, on to the healthcare issue. And this comes with another pat on my own back. Some 6 years ago, give or take, I was having a pseudo-debate with someone who was a libertarian, about healthcare reform which I characterized at the time as the “holy grail” of anti-abortion arguments. And I was laughed at. My point was that the stickiest issue with healthcare reform isn’t really going to be about cost, or the so-called “horrors” of a government-run system; it’s going to be about abortion. Or, to put a finer point on it, how abortion will be addressed by any legislation attempting to reform our health care system. Anti-abortion advocates know that the fight over the constitutionality of abortion is a battle that they will probably never win. But its a public battle that keeps their issue at the fore-front of most American’s minds. And even if they can’t win it, they’re happy that it’s out there. Winning the battle against abortion requires a sneaky and much more insidious approach. The playbook looks something like this: public sentiment, congressional make-up and executive power all coalesce one day to put real and positive support behind health care reform. When that happens, the anti-abortion lobbyists and lawyers go into action, attaching all sorts of riders to bills limiting an individual’s right to use tax-payer funded monies to seek an abortion. And the next thing you know, the whole package of reform hits a brick wall and can go no further.  And its happening right now. For the first time since who knows when (the experts are divided about this but typically point to as far back as 80 years ago. Reading the whole history of capitalist health care is actually fascinating and head-ache inducing but I’d recommend it if you have some extra time.) we have the real chance of passing actual, tangible health care reform in our country. For real! And all of it could be stymied by anti-abortion groups who think nothing of the fact that roughly 45 million Americans have no health coverage at all. They just want to foist their particular brand of religious zealotry on you. But it is entirely possible that, for the lack of affordable healthcare, approximately 7 million children, already born and already living, might succumb to treatable illnesses, injuries and disease. My numbers are all approximate and based on studies ranging from 2008 to today and you can look them all up yourself if you want to. But I’m not just picking numbers out of thin air. Lucky for America’s uninsured children, Congress was able to pass the SCHIP legislation, setting in motion some of the wheels of universal health coverage. But not without lots of blustering and gloom-and-doom from Congressional Republicans, of course.

It should be no surprise where I come down on the health care issue. But I will also unashamedly admit that I don’t understand all of the complexities of the current healthcare system much less where we’re going. But I have to believe that fixing our nation’s health care system is not only necessary but doable.

One last thing, I’m running the risk of rubbing someone the wrong way who might read this post whilst stopping by my website on their way to look at either my portfolio or my resume. But last I checked, I’m still allowed to have an opinion, right?

Here come the crazies

I’m so over sensationalism in the news that even though there’s been plenty to talk about, I haven’t had the inclination to post lately. I didn’t want/have/need anything to add to the noise. But yesterday I heard something that just plain pisses me off.

So by now, you’ve probably heard about the flap over Letterman’s joke about the Palin daughter and A-Rod. It got to the point where Dave graciously apologized on air to the Palin family even though the joke really wasn’t that bad and even though he really didn’t have to. But those who are fans of David Letterman know that whether you care for or don’t care for his brand of humor, the one thing you can count on is that he is as authentic and down-to-earth person as there is. I love his humor. But that’s me. And it may not be for you. No biggie. There’s plenty of other late nite talk for you to tune into if you prefer. And I don’t really give a rat’s ass over how you think he’s caustic, cynical, rude, mean, whatever. That’s where some of this frustration comes from for me. I don’t go around haranguing people for not watching David Letterman so I don’t really care to listen to you waste your breath trying to explain why he’s not your cup of tea. I’m not trying to be mean. Really, I’m not. But just SHUT UP ALREADY!

Anyway, Sarah “I can see Russia” Palin gets all high and mighty about a joke, Letterman apologizes and you’d think that’d be the end of it, right? Wrong. Get a load of this article from the Huffington Post. What can only be described as some die-hard crazies from the Palin “base” are suddenly calling Letterman’s son a bastard, his wife a slut, and calling for Letterman’s ouster. Notice what’s absent from the article? Any outrage from Ms. Palin herself. Typical neo-con crazy behavior.

Among the many things that bother me about this are the following 2 points:

1. If you (and by “you” I mean any radical, crazy, neo-conservative, ditto-head) are so egregiously  wronged by these episodes, why do we never hear from you when one of your own makes a comment like, oh, I don’t know, an escaped gorilla being related to Michelle Obama? Yeah, that’s sarcasm. Recognize it? It’s also rhetorical so I’m going to go ahead and answer for you…it’s because you’re CRAZY.

2. If Sarah “drill, baby, drill” Palin considers this a good strategy for establishing her bona fides ahead of the 2012 election, she’s even dumber than I thought. If you want the public at large to take you seriously, you need to treat your political reputation as something a little more important than a front page article in Us Weekly (right next to the articles about whether Jon or Kate cheated and with whom and when.) Fighting with David Letterman doesn’t make you look like a savvy politician or a “family values” advocate. It makes you look like a petulant child.

This one incident in particular was just the straw that broke the camel’s back for me. After the killing of Dr. Tiller and the attack on the Holocaust Museum in DC and the shocking dust-up at Fox News over one of their anchors actually saying something that came close to really fair and actually balanced about hate groups being associated with the right-wing of the Republican party, I thought we had reached a point where maybe, just maybe, even some of the most delusional wingers might take a step back and consider that there’s more middle ground here than they had originally imagined there to be. But no. Stupid just breeds more stupid.



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