Showing posts with label elitist. Show all posts
Showing posts with label elitist. Show all posts

Friday, August 06, 2021

Our Current Political Reality: Where we are now. How we got here. And where it's taking us...

"Bobos" stands for "Bourgeois-Bohemians". People from Ivy-league schools, with capitalist incomes and hippy values, who are the current political class dominating our politics. From the Atlantic Monthly:

HOW THE BOBOS BROKE AMERICA
The creative class was supposed to foster progressive values and economic growth. Instead we got resentment, alienation, and endless political dysfunction.

[...] The class structure of Western society has gotten scrambled over the past few decades. It used to be straightforward: You had the rich, who joined country clubs and voted Republican; the working class, who toiled in the factories and voted Democratic; and, in between, the mass suburban middle class. We had a clear idea of what class conflict, when it came, would look like—members of the working classes would align with progressive intellectuals to take on the capitalist elite.

But somehow when the class conflict came, in 2015 and 2016, it didn’t look anything like that. Suddenly, conservative parties across the West—the former champions of the landed aristocracy—portrayed themselves as the warriors for the working class. And left-wing parties—once vehicles for proletarian revolt—were attacked as captives of the super-educated urban elite. These days, your education level and political values are as important in defining your class status as your income is. Because of this, the U.S. has polarized into two separate class hierarchies—one red and one blue. Classes struggle not only up and down, against the richer and poorer groups on their own ladder, but against their partisan opposite across the ideological divide. [...]

This explains a lot. It doesn't bode well for the country, as we turn on eachother, weakening us and giving our enemies outside, opportunities to exploit.

Read the whole thing. We have to find a better way forward. We have to find common ground again.

Quickly.

     

Saturday, April 05, 2014

The "Permanent Political Class" Problem

I came across this book a while back:

Throw Them All Out: How Politicians and Their Friends Get Rich off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison
One of the biggest scandals in American politics is waiting to explode: the full story of the inside game in Washington shows how the permanent political class enriches itself at the expense of the rest of us. Insider trading is illegal on Wall Street, yet it is routine among members of Congress. Normal individuals cannot get in on IPOs at the asking price, but politicians do so routinely. The Obama administration has been able to funnel hundreds of millions of dollars to its supporters, ensuring yet more campaign donations. An entire class of investors now makes all of its profits based on influence and access in Washington. Peter Schweizer has doggedly researched through mountains of financial records, tracking complicated deals and stock trades back to the timing of briefings, votes on bills, and every other point of leverage for politicians in Washington. The result is a manifesto for revolution: the Permanent Political Class must go.
Pretty serious accusations. Could it really be that bad? Apparently. The TV Program 60 Minutes eventually did a show about it. It generated so much outrage, that Congress had to pass a law forbidding themselves from participating in insider trading. But guess what? It didn't last long:

Congress Quickly And Quietly Rolls Back Insider Trading Rules For Itself
In November of 2011, the TV show 60 Minutes did a big expose on insider trading within Congress. While everyone else is subject to basic insider trading rules, it turned out that members of Congress were exempt from the rules. And, as you would imagine, many in Congress have access to market-moving, non-public information. And they made use of it. To make lots and lots of money. Of course, after that report came out and got lots of attention, Congress had to act, and within months they had passed the STOCK Act with overwhelming support in Congress to make insider trading laws that apply to everyone else finally apply to Congress and Congressional staffers as well. As that link notes:

The lopsided votes showed lawmakers desperate to regain public trust in an election year, when the public approval rating of Congress has sunk below 15 percent.

Of course, here we are in 2013 and, lo and behold, it is no longer an election year. And apparently some of the details of the ban on insider trading were beginning to chafe Congressional staffers, who found it hard to pad their income with some friendly trades on insider knowledge.

So... with very little fanfare, Congress quietly rolled back a big part of the law late last week. Specifically the part that required staffers to post disclosures about their financial transactions, so that the public could make sure there was no insider trading going on. Congress tried to cover up this fairly significant change because they, themselves, claimed that it would pose a "national risk" to have this information public. A national risk to their bank accounts.

It was such a national risk that Congress did the whole thing quietly, with no debate. The bill was introduced in the Senate on Thursday and quickly voted on late that night when no one was paying attention. Friday afternoon (the best time to sneak through news), the House picked it up by unanimous consent. The House ignored its own promise to give Congress three days to read a bill before holding a vote, because this kind of thing is too important to let anyone read the bill before Congress had to pass it.

And, of course, yesterday, President Obama signed it into law. Because the best way to rebuild trust in Congress, apparently, is to roll back the fact that people there need to obey the same laws as everyone else. That won't lead the public to think that Congress is corrupt. No, not at all.
That was last year; so it just continues, "Business as usual." Disgusting. Visit the original article for all the embedded links.

There is a Question and Answer segment on the webpage for Peter Schweizer's book:

Editorial Reviews
Amazon.com Review
Amazon Exclusive: A Q&A with Author Peter Schweizer

Q:When did you realize that so many insider trading and sweetheart land deals were going on?

A: When I first discovered that members of Congress are exempt from insider trading laws, I didn’t believe it. Then, when I started to look at their stock trades and compare them with what they were doing in office, I was stunned.

Q: What do you mean by the "Permanent Political Class"?

A: I think politics in Washington has become a business opportunity. Republicans and Democrats are not so different as you think. They work together to enrich themselves. They have designed the system to work so that they can make lots of money doing things that would get the rest of us sent to jail.

Q: What do you mean by "honest graft"?

A: When people think of politicians making money in Washington, they think of bribery and other illegal activities. That’s small potatoes. The real money is made by doing stuff that’s legal, including insider trading on the stock market and land deals.

Q: Politicians are exempt from insider trading laws? You’re kidding, right?

A: No. They write the rules, and guess what: the rules that apply to us don’t apply to them. By the way, they are also exempt from whistleblower laws. If you see your boss committing a financial crime, you can report them and you will be protected. You can’t be fired. But if your boss is a congressman? You’re toast. You are not protected.

Q: What’s wrong with politicians who trade stock? Don’t we want them involved in the economy?

A: Yes, but they are doing exactly what corporate insiders get sent to jail for doing. It’s a double standard and it’s unfair. If Martha Stewart had been in the U.S. Senate, she would have been protected.
Congress should be forbidden to pass any laws that do not also apply to themselves. If they had to get their own health care under the same laws that we do, the Affordable Care Act would not exist in it's present form; it would have been something better. The Healthcare.gov site might have actually worked, if they and their families had to use it themselves.

If congress had to actually live under the laws they pass for the rest of us, they would take greater care. But they don't, and they don't. That needs to change.

Congress is supposed to exist to serve us, not rule over us.


Also see:

Jon Stewart Tears Up Congress For Quietly Scaling Back Insider Trading Law: The ‘F*cker Act’

   

Sunday, October 17, 2010

Greece and national character. Are we there yet?

We may not be there yet, but we are well on our way if we keep on going the way we are:

Revolt of the Accountants
[...] The coming rebellion in the voting booth is not only about the economic impact of spending, debt and deficits on America's future. It's also to some degree about the feared impact of all those things on the character of the American people. There is a real fear that government, with all its layers, its growth, its size, its imperviousness, is changing, or has changed, who we are. And that if we lose who we are, as Americans, we lose everything.

This is part of what's driving the sense of political urgency this year, especially within precincts of the tea party.

The most vivid illustration of the fear comes, actually, from another country, Greece, and is brilliantly limned by Michael Lewis in October's Vanity Fair. In "Beware of Greeks Bearing Bonds," he outlines Greece's economic catastrophe. It is a bankrupt nation, its debt, or rather the amount of debt that has so far been unearthed and revealed, coming to "more than a quarter-million dollars for every working Greek." Over decades the Greeks turned their government "into a piƱata stuffed with fantastic sums" and gave "as many citizens as possible a whack at it." The average government job pays almost three times as much as the average private-sector job. The retirement age for "arduous" jobs, including hairdressers, radio announcers and musicians, is 55 for men and 50 for women. After that, a generous pension. The tax system has disintegrated. It is a welfare state with a cash economy.

Much of this is well known, though it is beautifully stated. But all of it, Mr. Lewis asserts, has badly damaged the Greek character. "It is simply assumed . . . that anyone who is working for the government is meant to be bribed. . . . Government officials are assumed to steal." Tax fraud is rampant. Everyone cheats. "It's become a cultural trait," a tax collector tells him.

Mr. Lewis: "The Greek state was not just corrupt but also corrupting. Once you saw how it worked you could understand a phenomenon which otherwise made no sense at all: the difficulty Greek people have saying a kind word about one another. . . . Everyone is pretty sure everyone is cheating on his taxes, or bribing politicians, or taking bribes, or lying about the value of his real estate. And this total absence of faith in one another is self-reinforcing. The epidemic of lying and cheating and stealing makes any sort of civic life impossible."

Thus can great nations, great cultures, disintegrate, break into little pieces that no longer cohere into a whole. [...]

Not only is this corruption changing the character of our nation; the people who are doing the corruption are insulating themselves from the damage they are causing:

[...] Those in power institute the regulations and rules, and then hire people to protect them from the burdens and demands of their legislation. There is no congressman passing tax law who doesn't have staffers in his office taking care of his own financial life and who will not, when he moves down the street into the lobbying firm, have an army of accountants to protect him there.

Washington is now to some degree the focus of the same sort of profound resentment that Hollywood liberals inspired when they really mattered, or seemed really powerful. For decades they made films that were not helpful to our culture or society, that were full of violence and sick imagery. But they often brought their own children up more or less protected from the effects of the culture they created. Private schools, nannies, therapists, tutors. They bought their way out of the cultural mayhem to which they'd contributed. Their children were fine. Yours were on their own.

This is part of why people dislike "the elites" and why "the elites," especially in Washington, must in turn be responsive, come awake, start to notice. People don't like it when they fear you are subtly, day by day, year by year, changing the personality and character of their nation. They think, "You are ruining our country and insulating yourselves from the ruin. We hate you." And this is understandable, yes? [...]

YES indeed!
     

Monday, June 02, 2008

How often are questions "distractions" ?

If you are Barack Obama, it would seem the answer is "quite often".


While certainly that claim might be applicable sometimes, it seems that the Messiah is starting to make a habit of it, as a way of avoiding the criticism and questioning all candidates have to put up with:

Obama’s Shiny Quarter Problem

William Teach provides us with many examples of Obama claiming questions are a distraction, and concludes:
[...] Now, we all know about Obama’s gaffes, some which are silly, and we all could make, and others which are whoppers. But, what does it tell you about Barack “the man who wants to be the leader of the world’s only remaining super power” Obama that he is not able, and is unwilling, to discuss issues that are important to other people? That everything that doesn’t come on his cue cards is a distraction? Everything that looks bad for him is handled as “eh, whatever.” For a man who is running primarily on his character, doesn’t paint a pretty picture when he cannot respond to critisism about his character.

If he wins the general election in November, will he call anything that is not important to him, but important to the American People, a distraction?

Essentially, the whole distraction thing is a way to distract from Obama’s pitiful record, his lack of governing knowledge, his extreme leftist viewpoints, and his poor character.

Other candidates aren't dismissing questions as distractions. Obama's continual use of this claim just adds credibility to the charge that he's an elitist who feels he's above having to deal with being questioned like other candidates. I think it's also yet another example of his inexperience in politics.
     

Wednesday, May 14, 2008

When you can't debate, restrict your opponent

This is what the left does all the time. They can't advance their ideas through debate because they won't hold up to scrutiny. So they try to control the terms of the debate, to prevent their opponent from actually debating. Rich Lowry at Townhall.com gives us a perfect example of this, with Obama's campaign:

The Obama Rules
[...] After his blowout win in North Carolina last week, Obama turned to framing the rules of the general election ahead, warning in his victory speech of "efforts to distract us." The chief distracter happens to be the man standing between Obama and the White House, John McCain, who will "use the very same playbook that his side has used time after time in election after election."

[...]

Forget "bitter"; Obama must believe that most Americans suffer from an attention-deficit disorder so crippling that they can't concentrate on their own interests or values.

Obama has an acute self-interest in so diagnosing the American electorate. His campaign knows he's vulnerable to the charge of being an elitist liberal. Unable to argue the facts, it wants to argue the law -- defining his weaknesses as off-limits.

The campaign can succeed in imposing these rules on the race only if the news media cooperate.

[...]

Here are the Obama rules in detail: He can't be called a "liberal" ("the same names and labels they pin on everyone," as Obama puts it); his toughness on the war on terror can't be questioned ("attempts to play on our fears"); his extreme positions on social issues can't be exposed ("the same efforts to distract us from the issues that affect our lives" and "turn us against each other"); and his Chicago background too is off-limits ("pouncing on every gaffe and association and fake controversy"). Besides that, it should be a freewheeling and spirited campaign.

Democrats always want cultural issues not to matter because they are on the least-popular side of many of them, and want patriotic symbols like the Pledge of Allegiance and flag pins to be irrelevant when they can't manage to nominate presidential candidates who wholeheartedly embrace them (which shouldn't be that difficult). As for "fear" and "division," they are vaporous pejoratives that can be applied to any warning of negative consequences of a given policy or any political position that doesn't command 100 percent assent. In his North Carolina speech, Obama said the Iraq War "has not made us safer," and that McCain's ideas are "out of touch" with "American values." How fearfully divisive. [...]

Lowry goes on to say that we could take these rules by Obama in good faith, if Obama also applied them to the way the talks about John McCain. But does Obama follow his own rules? Or do they only apply to John McCain and Republicans? Read the whole thing and find out.