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Fox Tries to Pin Baltimore Poverty On Electing Democratic Mayors

By Admin Mugsy - Last updated: Monday, May 4, 2015

As Bill Maher explained it last July, a “Zombie Lie” is a lie told by Republicans that is proven false & widely discredited, yet they keep telling them“, telling their idiot followers that the lie is in fact true. “Zombie Lies” include “ObamaCare will/has cost jobs” (ditto for “raising the minimum wage”), “no consensus on Climate Change” (a claim two Right-wingers advanced in the WSJ last year but couldn’t do more than claim the number wasn’t as high as 97%, and whose OWN conclusions were challenged by Scientific American), Keystone XL will create “a million jobs” and make us “energy independent”, “we need Voter ID laws to protect us from Voter Fraud“, ad infinitum. A year and a half ago, I wrote about Newt Gingrich informing former Labor Secretary Robert Reich that “Every major city which is a center of poverty is run by Democrats.” A majority perhaps, but the people in these cities aren’t poor because they vote Democrat, they vote Democrats because they are poor… typically minorities unwelcome by the GOP. But, as I pointed out, it’s a BS statistic because nearly every single desperately chronically poor STATE in the country is a Red State. So it should come as no surprise to anyone when 18 months later, Chris Wallace, host of Fox “news” Sunday, tried to suggest to Congresswoman Donna Edwards that Baltimore electing only Democratic mayors for the past 50 years might be proof Democratic polices don’t work:
 

Fox Tries to Blame Democratic Mayors for Black Poverty (2:08)

 

Since I already debunked this nonsense 18 months ago, there’s no need for me to kill the zombie again. But when Wallace asks if “Democratic” policies have failed because the lives of the people voting for them have not substantially improved, he’s suggesting that if they had just tried voting Republican, maybe they wouldn’t be so poor. Conversely, poor cities run by Republican mayors should show more signs of improvement than those run by Democrats. Let’s challenge this theory, shall we?

Earlier this year, CBS News listed The 11 Poorest Cities in America (slightly changed from 18 months ago):

1. Detroit, Michigan – Percentage of incomes under $25,000: 48%
2. Milwaukee, Wisconsin
3. Philadelphia, Pennsylvania
4. Memphis, Tennessee
5. Tucson, Arizona – New
6. Baltimore, Maryland
7. Fresno, California
8. El Paso, Texas
9. Indianapolis, Indiana
10. Boston, Massachusetts – While #6 in wealthy residents, also has 29% of its population with incomes below $25,000.
11. Louisville, Kentucky – Percentage of incomes under $25,000: 29%

And as I pointed out 18 months ago, yes, most do indeed have Democratic mayors. Not all, but most. Not surprising when the poorest cities are also majority minority. Though Detroit’s entire city government was stripped of all power by its Far-Right Republican governor Rick Snyder. But what about those towns that elected Republican mayors, did it make a difference? Did their lives improve? And did stripping Detroit’s local government of all power turn the city around? Detroit is still #1 on that list two years running, so clearly the answer to the latter is No.

Tucson, Arizona… a purple city in a red state… is new to the list, electing a Democratic Mayor in December 2011 to replace a Republican one. Ouch, that looks bad, and if I were a Republican, I might stop there to suggest that is proof of something. But in fact, unemployment there has FALLEN from 7.9% to 4.9% (lower than the national average) since their Democratic mayor was elected. But wages aren’t rising to keep up with inflation, so poverty grows. And local mayors don’t control the Federal Minimum Wage (raising the Minimum Wage doesn’t just help the poor, IT RAISES THE FLOOR, raising wages across the board. Republicans don’t get this and continue to fight raising it.)

Miami fell off the list. A Republican mayor in a state with Republican governor. Like Tuscon, Miami’s unemployment rate has fallen 3 percentage points from 8.5 to 5.5. Another ouch for Democrats. Or is it? Miami made the list last September when, under its current Republican mayor, the U.S. Census Bureau reported that the median income for a household in the Miami-Ft. Lauderdale-West Palm Beach metro area was just $46,946 in 2013… the second lowest level in the nation’s top 25 metro areas. That’s “median”, not “average”. Because between Bill Gates and I, we have a combined average net worth of $30 Billion dollars. Trust me, I don’t have $30 Billion dollars. I’m as broke as a $2 watch. In 2013, the percentage of Miami residents living in poverty was 31.7%. Last March, the Dade County government reported that that percentage hasn’t changed (roughly 30% earning below $24,250.) So why was Miami removed from the list seeing as how the poverty rate has not changed? The explanation is that it didn’t. It’s a different list. The 2013 list from Wikipedia counted all cities with a population of “over 200,000″. The CBS report cites a study of “the 33 Poorest US cities with a population over 500,000“. The population of Miami: 417,000. Miami isn’t off the list because life substantially improved under a Republican mayor. It didn’t make the list because it was too small.

Indianapolis is new to the list. Their Republican mayor has been serving since January of 2008. Unemployment there did skyrocket following The Great Recession of 2008, piquing at 10.6% in March of 2010 (more than a year after piquing at 10.0% nationally), briefly came down as low as 7.4% in Sept. 2012 before rapidly climbing back up to 9.0% just four months later, but has slowly climbed back down as the U.S. economy improved as a whole, to 5.5%. The graph of Indianapolis’ unemployment rate (you’ll have to build it yourself) follows the same trajectory as the U.S. Unemployment Rate as a whole… though with a much “bouncier” ride… but indicates no benefit to electing a Republican mayor vs a Democrat.

What all these numbers demonstrate is that mayors of small poor, mostly minority cities have very little political power to affect the economic fortunes of their city. THAT power comes from the economic power of the citizens within these cities themselves. “Money” = “Power”. And poor people, whether they elect a Republican or a Democrat, don’t have a lot of political power to improve their lives. When your citizenry is mostly minority, you’re poor to begin with. And in a country where Republicans have decided that the wealthy can spend as much as they want influencing politicians, the only politicians with any REAL power to change the lives of the poor at the ones with at the higher levels of government. That’s not your local mayor.
 

Bill Maher: Zombie Lies (2014)

 



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Filed in Crime, Economy, myth busting, Politics, Racism, rewriting history May 4th, 2015 by Admin Mugsy | • No comments | Add/View

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Cruz & Carson Latest Republicans to Complain About Income Inequality

By Admin Mugsy - Last updated: Monday, February 9, 2015

Now don’t get me wrong, while I applaud the GOP’s new found concern over “income inequality” and the stagnation of the middle-class, I’m reminded of the old joke when The Menendez Brothers were on trial for murdering their parents and the possibility of them asking the judge for leniency because they were orphans. Last month, Democrats understandably rolled their eyes in disbelief when Mitt “Not Concerned About the bottom 47%” Romney complained bitterly about the rise in “income inequality since Barack Obama was elected President”… as if the Republican Party hadn’t been praying at the altar of “trickle-down economics” for the last 35 years. Whether “Mitt” (a man who made his millions closing factories & raiding pension funds as a corporate raider) planned on running on a platform of “I (heart) poor people” we’ll never know because the GOP… led by that champion of the Middle Class Donald Trump… quickly nixed the idea of a third Romney run while attending a “Meet-the-Candidates” rally hosted by the Mega-Billionaire Koch brothers. And now during yesterday’s Sunday Poli-talk Shows, two leading GOP candidates tried to claim the mantle of “income inequality”: Ted “List of Communists” Cruz and BenProgressives are Nazi’sCarson. Cue the clown music.
 

Ted Cruz & Ben Carson on “Income Inequality” (3.25)

I don’t know what’s funnier: the idea that these guys think voters will buy them as “champions of the Middle Class” or the fact even Steph-O & Wallace clearly aren’t buying it either?

The two greatest problems facing the World today are religious zealots and unchecked corporate power. And which Political Party just happens to represents both?
 

So why the sudden feigned concern by the GOP over “income inequality”? Because the ONLY person making inroads in the inevitability of a “President Hillary Clinton” is Elizabeth Warren… a woman for whom battling “income inequality” has been her stock & trade for over two decades and has risen to prominence as a champion of the Middle-Class. It was Warren who first proposed the idea of a federal “Consumer Financial Protection Bureau” before being elected to public office, and when President Obama announced not only was he going to create The CFPB but put Warren in charge of it, Republicans behaved like they always do… threw a hissy fit, screamed bloody murder and stonewalled creation of the new agency until Warren’s name was withdrawn from contention.

Elizabeth Warren didn’t just suddenly discover the plight of the Poor & Middle Class last month as a convenient political tool, here she was talking to Bill Moyers about the plight of the Middle-Class in September, 2004 (whom I saw a frequently on his PBS program “Now”) Ignore the dopy YouTube title. She’s talking about bankruptcy:
 


 

For a long time, Republicans were proud to describe “The Tea Party” as the Conservative equivalent of “Occupy Wall Street”… an organization that identified more with The Left than The Right, born out of outrage over the Bush Administrations’ bailout of the Big Banks, Wall Street and the Top 1% (not one of whom went to jail BTW), while millions of middle-class Americans went bankrupt, lost their homes, and even threatened with arrest through no fault of their own. Meanwhile, T.E.A.: The “Taxed Enough Already” crowd sprouted wings. But these middle-class teanuts… their taxes weren’t going up. In fact, just the opposite. No, they were protesting increasing taxes on the Mega-Wealthy (the political term for this is “useful idiots”.)

So what are the solutions of these newly converted champions of the Middle Class? Just how do they intend to close that widening gap between the rich & poor (a gap they created with a crowbar in one hand and the tax-code in the other)? Well, they pretty much don’t say. They don’t DARE say… even if they did have a plan (which we know they don’t) because they know it would be ripped to shreds in seconds as the same old “trickle-down” economics that they’ve been selling us for the last 35 years and got us into this mess in the first place. And if it weren’t for my jaded sense of the media, I’d be amazed by how all these miraculous Keynesian-converts (I’m assuming) have gotten away with not being asked EVEN ONCE just how they plan to close that gap.

Seriously now. (Serious? Look who I’m talking about.)

PS: Which Party has fought against revoking tax cuts for corporations that ship jobs overseas? Which Party has made busting Unions a plank in their Party Platform (front-runner WI gov Scott Walker rose to fame by surviving a recall effort as he threatened to push through a law that would have destroyed the labor unions… NOT by changing minds but by convincing protesters to wait until the general election.) Which Party fights to GIVE wealthy corporations all sorts of perks like tax cuts & subsidies, then calls the bottom 47% “Takers” for wanting Healthcare & Food Stamps? Which Party has made vilifying blacks & Hispanics synonymous with the word: Republican? And, most obviously, which Party just flocked to Kansas at the behest of the billionaire Koch Brothers?

And which Party would accuse me of “Class Warfare” for calling them out for their hypocrisy?
 



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Filed in Economy, Election, Greed, Money, myth busting, Politics, rewriting history, Right-Wing Hypocrisy, Right-Wing Insanity, Taxes February 9th, 2015 by Admin Mugsy | • No comments | Add/View

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Are Oil Prices Returning To Their Pre-Bush Trajectory?

By Admin Mugsy - Last updated: Monday, January 19, 2015

A number of “concern trolls” on the Right and on Wall Street have been desperate to find ways to paint the recent plunge in oil prices as a BAD thing worthy of “serious concern” (remember when they WANTED to bring down the price of oil with their 2008 “Drill here. Drill now!” campaign rhetoric and Newt’s promise of $2.50/gal gas by approving Keystone?) A lot of amateur-economists talked about the “popping of the tech bubble” in 2000 as some sort of devastating aberration. Something “no one saw coming” and could have been sustained if only it had been handled properly. Poppycock. I was there. What happened to the tech boom of the late ’90’s was not a “popping of the tech bubble” but a CORRECTION (prepping for “Y2K” was the biggest contributor, which we knew would be over by 2000.) The tech bubble didn’t devastate the U.S. economy in 2000 the way it was following the Market Crash of 2008. Likewise, this recent drop in oil prices should not be seen as a “crash” but a “correction”. Before George W. Bush became president in 2001… and on til the invasion of Iraq in 2003… the per-barrel price of oil remained pretty much where it had been for the past two decades… below $30/barrel. It took the invasion of Iraq to drive it into the stratosphere. And now that the economy is finally starting to shake off the last vestiges of the Bush years, oil prices should be seen as simply returning to that slow-rise to $30 trajectory it started in the early 80’s.
 

Oil price per balled, 1981-Present

 

The above graph is a chart of the annual price of oil since 1981. That yellow line shows roughly the trajectory upon which oil prices were rising in that time (going back to 1977 prior to the Iran/Hostage Crisis, see teaser-graph at start of post for more detail), bouncing around the mid-$20’s during most of that time. 1990 & 2000 fall right on that line, and if oil prices had continued on this same trajectory unabated by the Bush-II years, the natural price of oil would be closer to $35/barrel today.

As I pointed out recently (and frequently in the past), the price of gasoline was WELL below $2/gal prior to the invasion of Iraq. In 2000, long-haul truckers threatened to go on strike when the price of diesel hit a crushing $1.89/gal, demanding that the White House do something to stop the sudden rise in gas prices. Candidate George Bush declared that if he were elected president, he’d tell OPEC to “open up the spigots” [ibid] to get prices down (gas prices were never lower during the entire Bush presidency than they were that day.) Two weeks before the invasion of Iraq, the price oil was $29/barrel and Dick Cheney suggested that one of the consequences of invading Iraq and “removing Saddam Hussein” might be oil “as low as $15/barrel”.
 

Percentage change in oil prices, 1981 to Present
Percentage change in oil prices, 1981 to Present

 

As you can see from the above graph, this recent plunge in the price of oil is certainly not the first nor the largest. That honor goes to the Reagan Administration, whom I believe Republicans give high marks to. The decline in 1998 was also not the forebearer of economic catastrophe. Only the plunge of 2008… which took place AFTER the economic crash that year… was a sign that something was wrong. And NOT ONCE in any of those cases did the steep decline in the price of oil provoke a severe economic downturn. In fact, the opposite is true. Ronald Reagan’s second term saw economic growth. The plunge of 1998 saw the start of explosive growth in the tech sector that fueled the Clinton Jobs Machine. And now in 2015, the economy is on the rebound, creating more than 200,000 jobs a month for the past three months (with 12 of the last 36 months seeing >200K jobs created.)

Oil companies were incredibly successful for decades with oil prices around $30/barrel, and are hardly “struggling” today because oil prices recently (momentarily) fell to $45/barrel last week. Before the Bush presidency, I remember being upset when gas hit $1.49/gal in the Summer of 2000. Today, locally, I can find gasoline for $1.89/gal, getting very close to that $1.50/gal price I fretted over in 2000, and right on par where I’d expect it to be today if prices had continued to rise at the same rate. The idea that sub-$50 oil would be some sort of economic disaster for the oil companies is nonsense. They became addicted to the outrageous profits of the last decade that made companies like Exxon/Mobil “the most profitable corporation on the face of the Earth”, and now they want to convince you that $3/gal gas should be the norm.

It’s nonsense of course. The current decline in gasoline prices is NOT a harbinger of economic devastation to come. Oil companies did just fine with oil close to $25/barrel for decades, and will do so again if necessary.



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Filed in Economy, myth busting, Seems Obvious to Me, War January 19th, 2015 by Admin Mugsy | • No comments | Add/View

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Mugsy’s Annual Predictions for 2015

By Admin Mugsy - Last updated: Monday, December 29, 2014

This is arguably my favorite posting duty of the year, where I get to ridicule the so-called “psychics”, blast Conservative prognosticators, a look back at my own routinely successful record of predicting (averaging around 60%), followed by my own predictions for the coming year. Sure, I’ve had my good years (75% in 2008) and my bad (20% for 2007), but even on my worst day, I don’t suck at predicting as much as most (all?) Republicans. They say, “Those who fail to learn from history are doomed to repeat it”, which explains why Republicans are just so Godawful at predicting. They lack ANY ability to learn from history and can’t see beyond their immediate goals (eg: invading Iraq and overthrowing Saddam without an exit strategy, wildly unrealistic expectations of the result, and zero preparation for the aftermath.) I can understand why the predictors keep predicting as long as there’s money to be made and people continue to trust their predictions despite a track-record of failure, but what I can’t understand is why people keep asking these notoriously bad pundits FOR their predictions. I swear I’ve owned hamsters that were better at predicting what happens next than some of the most famous Republican pundits. Case in point:

Bill Kristol (former Chief of Staff to Dan Quayle… which tells you all you need to know) is so routinely horribly bad at predicting, The Rachel Maddow Show actually did an entire segment on it last January (though they omitted his most famous wrong prediction:

“And on this issue of the Shia in Iraq, I think there’s been a certain amount of, frankly, Terry, a kind of pop sociology in America that, you know, somehow the Shia can’t get along with the Sunni and the Shia in Iraq just want to establish some kind of Islamic fundamentalist regime. There’s almost no evidence of that at all. Iraq’s always been very secular.” – Bill Kristol defending the decision to invade Iraq to ABC’s Terry Moran, April 1, 2003.

…”almost no evidence of that”… except maybe A THOUSAND YEARS of civil war. Iraq was only “secular” because Saddam knew it was the only way to control religious infighting. What did I say about Republicans and their knowledge of history? (Iraq was currently secular, ergo it has always been secular.)

The so-called “professional psychics” are so routinely bad, it’s almost no fun beating up on them anymore. This list of predictions for 2014 by some of the most famous in their field was so abysmally wrong that it’s easier just to read it than dissect it. Among my favorites: Vladimir Putin wins Nobel prize for his part in Syria and “A tornado destroys most of Kansas City” (KC Kansas or KC Missouri? …like it matters.)

Last year, I made a point of recording “Fox news Sunday’s” Predictions for 2014 on their year-end show. Host Chris Wallace joked that the segment comes under the heading “Often in Error but Never in Doubt”… which sums up Conservatism perfectly. Have you ever seen a group so sure of themselves despite being so consistently wrong about everything? Republicans are SO sure their beliefs are right that their predictions are “predictably” pro Right wing with absolutely no foothold in reality. (I skipped their predictions on “entertainment” and “sports”… which were just as wrong… focusing instead on their political & economic predictions:

2013 Fox’s “Power Panel” makes their predictions for 2014: (4:10)

To summarize:

It’s no surprise Fox chose not to (nor do they ever) replay their previous years’ predictions yesterday heading into this years’ segment.

The only one bullish on the economy was DINO Joe Liebermann, correctly predicting a strong economy for 2014, “over 3% GDP growth”, “the DOW will break 18,000″ (it did) “and the S&P will break 2,000″ (it did). But even he predicted “unemployment will [only] go down to 6.5%”. Last month, unemployment fell to just 5.8% following ten consecutive months of 200,000+ job growth… the first time that’s happened since the LAST time a Democrat occupied the White House.

Last week, this was the news on the economy (Dec 23, 2014):
 

ABC News: 2014 Ends With Record Economic Growth (1:56)

 

Remember that date because I promise you Republicans will be taking credit for the improved economy next year despite the fact it was a huge success BEFORE they ever took control of Congress.

On “Meet the Press” yesterday, Chuck Todd summed up the Obama economic record for 2014 with these figures:
 

2014: Year of the Economic Comeback (1:10)

By contrast, here is a compilation of news reports on the economy after six years of President Bush and Conservative control of Congress (5:54):
 

My first attempt at predicting the coming year was 2006 when I went a paltry 2 for 10 (20%) predicting 2007. Learning from my mistakes, in 2007 I went 9 for 12 (75%). 2008 went 11 for 15 (73%). 2009: just 45%, 2010: 68%, 2011: 66%, 2012: 50%. If you’re doing the math, that’s an average accuracy of just under 57%. So, how did I do in 2013 predicting the coming year? I can’t say if tending to my mother in her final days clouded my judgement, but you be the judge:

  1. Wrong: GOP to agree to a “compromise extension” of Unemployment benefits. – It’s easy to forget that just one year ago, the economy was still soft and unemployment was still nearly 7-percenct (finally falling to 6.7% by years end) Senate Republicans knew they could vote “Yes” on an extension because they knew it would never pass the GOP controlled House. House Leader Boehner hemmed & hawed for five months, finally rejecting an extension in mid-May. But by then, it was moot. Three straight months of job growth well over 100K and then two months of job growth over 200K, by then no one was decrying the need to extend unemployment benefits now that the jobs were coming back.
  2.  

  3. Wrong: expect the DOW to close just over the “19,200” mark come years end. – The market grew like gang-busters once again in 2014, but slightly slower than it did in 2013. Breaking 18,000 last week was still a record.
  4.  

  5. Wrong: Supreme Court to rule that states must recognize marriages performed in another state. – While the Supreme Court did overturn bans on same-sex marriage in Oklahoma, Utah & Kansas as unconstitutional, they did not go so far as to rule on any “interstate” recognition of marriage. But that’s primarily because no such case was ever brought before the high court. Based on three rulings of declaring state bans “unconstitutional”, there would be no excuse for defending a ban had such a case come before the court. So while I got this one wrong, I still feel vindicated.
  6.  

  7. Wrong: don’t expect control of either House to change hands – Well… half-wrong anyway, but no points for half credit. I never expected Democrats to just roll over and play dead like they did this year, eschewing the president and his robust economy with record job growth like he was an Ebola victim that crossed the border illegally. Never under-estimate a Democrats ability to not take credit for their success as well as Republicans ability to convince you that’s just warm yellow rain they’ve been showering you with.
  8.  

  9. Wrong: Hillary WILL announce her intention to run for President, as will Chris Christie – The years’ not over with yet as I type this, but I really thought the candidates would declare immediately after the mid-terms. But Hillary is waiting before pasting that target on her back, and enthusiasm for Christie just never grew as Democrats followed “Bridge-Gate” and Republicans still never forgave him for embracing President Obama after Hurricane Sandy.
  10.  

  11. Wrong: expect a reasonably smooth, growing economy in 2014. Expect GDP growth in the 4.0+ range next year. – First half right, but second half just missed the mark. I remember as I wrote that, that 4.0+% growth was probably a tad overly optimistic, but growth of over 3.5% wasn’t that far off the mark. Still not good enough for me to grade my prediction as correct.
  12.  

  13. Wrong: Snowden to move to South America. – As far as anyone is aware, he’s still in Russia, even agreeing to an interview with American television while in Moscow.
  14.  

  15. Right: Regarding Congress raising the Minimum Wage, with a number of states deciding no wait for Congress to act and raise it on their own, but nationally, if the economy continues to improve, forget it. – Ah, finally, a win! I was getting worried there. In his State of the Union Address, President Obama asked Congress to raise the Minimum wage from $7.25 to $10.10/hour. Republicans in Congress have vowed to block any vote on raising the Minimum Wage, but as predicted, 21 states voted this year to raise their Minimum Wage on January 1st of 2015.
  16.  

  17. Wrong: The Sochi Winter Olympics in Russia is going to be a mess. – While I could make a case that I got this right (#SochiProblems was a trending hashtag on Twitter during the games following reports of “unfinished hotels” and a hiccup during the opening ceremonies as one of the Olympic rings failed to expand), but nothing like my expectation of events either being relocated or canceled, and threats of violence against the games that I expected. I’m no hack, so mark this one wrong as well.
  18.  

  19. Wrong: Janet Napolitano, hand-picked by Obama to lead a delegation of openly gay athletes to Sochi, was specifically chosen because she herself will come out as gay upon her arrival. – No idea if she is or not, but she certainly didn’t make any such announcement while she was there… not even during an interview with “The Advocate” magazine.
  20.  

  21. Right: I don’t think an unemployment rate of 6.1% (give or take 3/10th of a point) is out of the realm of possibility. – Not only was unemployment of just 6.1% obtainable, but the eventual 5.8% is indeed withing 3/10th of that figure as predicted.
  22.  

  23. Wrong, but with some caveats: a nuclear disarmament deal WILL be struck with Iran. – While Iran never did agree to give up its right to pursue nuclear weapons, I also noted an increase in the global supply of oil resulting in a plunge in the per barrel price (but guessing only around $80/$75, never dreaming we’d see sub-$60 numbers again. Iran is indeed trading its oil through OPEC.
  24.  

  25. Wrong: Ted Cruz announces his intention to run for President. – Sometimes reality wins out over ego. With just 2% support for a presidential run among Conservatives (a number that is likely falling following his end-of-year stunt that has the GOP faithful spitting nails in his direction) support for a Cruz candidacy just never materialized.
  26.  

  27. Right: Supreme Court will rule in-favor of Hobby Lobby. – There was no way on God’s Green Earth that this Conservative-leaning Court was going to rule against the Religious Wrong Right in this country. Had the company arguing its religious rights were being violated been Muslims, Hindu’s or Satanists, you can be damned sure the vote would have gone the other way. But the American Taliban wields great power in this country.
  28.  

  29. Right: no “Election Reform” bill will be taken up in an election year. – Admittedly, this one was pretty easy. Lots of talk about the need for “Election Reform” following the 2012 Election, but rampant voter disenfranchisement laws swept the country (in Red states) this past year, sweeping the GOP back to control both houses of Congress due in part to just 39% voter turnout (which is actually just slightly above average for a mid-term.)
  30.  

  31. Right: a really big hurricane will hit someplace somewhere. – I’ll admit I was half-joking on this one, but monster storms are becoming more & more common as Global Warming becomes a growing problem. Typhoon Nuri, the strongest hurricane ever recorded in the North Pacific (smashing a 37 year old record), brushed the East coast of Japan before breaking up in the Bering Sea.
  32.  

  33. Right, with caveats: another “Lone-wolf” gun nut will go on a shooting spree. – In the wake of Sandy Hook and the Colorado shooting sprees, it seemed most likely that another mass shooting would take place again. On May 23 in Isla Vista, CA, another disturbed young man went on a shooting spree killing six people and wounding thirteen others (I actually expected more deaths) before killing himself. Notably though, 2014 was more the “year of cops killing unarmed black men” (and one black child) than it was noted as a year of mass murders by a single gunman.
  34.  

  35. Right… though I’m almost tempted to mark this one wrong: the Syrian conflict will still be raging a year from now. After incorrectly predicting military action against Assad/Syria in 2012 AND 2013, I played things a bit closer to the vest for 2014 to predict only that the conflict would still be ongoing in 2014. And indeed it is. But ironically, Assad’s war on his own people has been disrupted by… of all things… the terrorist group ISIS seeking to take control of the entire region. In an odd and totally bizarre way, ISIS has managed to do what America (nor any coalition nation) has dared attempt: disrupt Syria’s war on its own people by drawing its fire against an even greater threat to their monarchy.

Totaling the damage, 7 of 18 for just 39%. Not my worst but pretty far off the mark. Let’s see if I can’t do better this year.
 

My predictions for 2015:

  1. Early in 2015, in a sweeping and feigned show of “bi-partisanship”, Republicans will quickly approve at least two of President Obama’s cabinet appointees (most notably the new Secretary of Defense) in an attempt to show just “how willing” they are “to work with the president”. They will then quickly return to their obstructionist ways though, passing bill after bill they know President Obama would never sign (additional tax cuts for the highest tax brackets, repealing ObamaCare, etc) and point to the president as “the obstructionist” standing in the way of “what the people want.”
    (Update 1/7/15: Republicans Move To Gut Social Security Benefits on Their First Day in Power)
    (Update 1/9/15: House votes to pass Keystone XL pipeline)
    (Update 4/23/15: After record-setting 9 week delay, U.S. Senate confirms Loretta Lynch as Attorney General.)
  2.  

  3. Tensions between NYC Mayor DiBlasio and the Right-Wing head of the NY “Policemans Benevolent Association” will reach a boiling point with the Mayor finally chastising Pat Lynch by name for breeding discord between him and the NYPD over his own personal political differences. I’m not sure how much longer New Yorkers will tolerate this nonsense. Mayor DiBlasio won with a majority of the vote. Where are they now and why aren’t they rushing to his defense?
    (Update 1/31/15: New York Mayor Bill De Blasio Says Back-Turning By Police Was ‘Really Inappropriate’ but doesn’t cite Lynch by name.)
  4.  

  5. Hillary will remain the Democratic front-runner all year as her few Democratic challengers fail to ever pose a serious threat to her candidacy. Bernie Sanders will get into the race (as a Democrat so he can take part in the debates) but Massachusetts Senator Elizabeth Warren will not. She said no; she means no. “Commander-in-Chief of the Armed Forces” is not her style. Expect an endorsement from her late in the year (most likely for Hillary, but Hillary has a nasty habit of throwing her Democratic colleges under the bus, so it is difficult to say for sure.) Support for Bernie may swell after one or two good debate showings and may even help push Hillary to the Left some, but the chances of an admitted “European Socialist”… which translates in the dullard Teabagger ear as “Nazi”… becoming the nominee is about zero.
    (Update 4/30/15: Sen. Sanders Announces his candidacy for the Democratic Presidential nomination.)
  6.  

  7. Fans of Ron Paul in 2012 will find Rand Paul a poor substitute and fail to flock to his candidacy as passionately as they did his father.
  8.  

  9. I’m not sure I’m ready to pick the Republican front-runner at this time (my gut says Jeb Bush but I also never expected him to run), but I can tell you that not even Mitt Romney’s ego is big enough to convince him to run again against the likes of Jeb Bush and Chris Christie. There isn’t enough oxygen in the rarefied air that is the GOP-nomination for three egos that big. I’m not even confident there will be a clear GOP front-runner by years end. And remember folks: #Jeb4President, because two Iraq Wars and three Recessions just weren’t enough.
    (Update 1/30/15: Romney Announces He Won’t Run for President in 2016.)
  10.  

  11. ISIS will continue to grow, but not at nearly the same rate. Recent barbaric domestic attacks like the massacre of 145 school children in Pakistan by the Pakistani Taliban in response to the rise of ISIS there will anger weary neighbors tired of all the in-fighting. As fewer people flock to join ISIS, their growth will slow and less territory will be taken/held. I don’t expect ISIS to be significantly larger a year from now than it is today (roughly 31,500 members).
  12.  

  13. We haven’t seen the last of Putin’s trouble-making. Global insecurity raises oil prices. The recent plunge in oil prices has thrown the Russian economy into chaos, yet Putin still enjoys an 80% approval rating among Republicans er Russians because they suffer from the same classic inferiority complex as Conservatives (them against the world). So they rally around their dear leader as he makes mischief in the world trying to drive up oil prices by soughing unrest in Ukraine and the Middle East (and my money is on teenage Russian hackers being behind the hack of Sony Pictures that was blamed on North Korea.)
  14.  

  15. Which leads to North Korea. I suspect evidence will grow that North Korea was not directly responsible for the computer hacking of Sony Pictures late this year, but instead were only approached for “backing” or “support” just prior to the attack by third parties. Any early “sympathy” that might grow for North Korea as evidence suggests the hacking did not originate there will quickly dissolve as evidence suggests they had prior knowledge of… and were complicit in… the hacking attack.
    (Update 1/19/15: NSA confirms NK behind hack attack because they hacked NK’s computers back in 2010.)
  16.  

  17. The GOP will NOT attempt to impeach President Obama in 2015 (no bets on 2016 though). They know the voting public just has no appetite for two attempted impeachments of two Democratic presidencies in just the last eight years and would rightly crucify them for such crass political gamesmanship once again if they tried. An attempt to “sue” president Obama over “Executive Action” is still possible, but if they do (likely) it will be incredibly low-key.
  18.  

  19. Gitmo will still be in operation by years end. Republicans will raise a ruckus as more (already cleared) detainees are released, but for the most part, not much will have changed by years end. President Obama has tried to close it for six years, but with a Republican controlled Congress for his last two, forghedaboudit.
  20.  

  21. And that brings us to Cuba (where Gitmo is located.) I never dared predict a thaw in relations with Cuba this past year, but now that it has happened, expect interest in Cuba as a tourist destination to explode, much to the chagrin of Conservatives, torn between their hatred for the Castros/Communism and their love for the economic opportunities including corporations expanding cruise lines, building hotels and reviving the struggling cruiseline industry.
  22.  

  23. With no elections this year, don’t expect any more states to pass marijuana legalization laws. But as the year comes to a close, expect a push to get it on the 2016 ballot in more states start to take shape. No, Democrats will not make it part of their 2016 platform and no, president Obama will not take any Executive Action… neither pro nor con… regarding the issue.
  24.  

  25. As noted above, Republicans will try to take credit for record economy that we’ve already started to see take shape before they’ve even taken control of Congress. When Republicans held control of both houses during President Clinton’s final six years, even they didn’t try to repeal the tax hike that Democrats passed in 1994 that led to a Balanced Budget and unprecedented economic growth. Nor will they try in 2015 because they know what it would do to the economy.
    (Update 1/7/15: Sen. Mitch McConnell says the economy is improving because Republicans are in charge)
     
  26. I’m stunned oil prices have plummeted so precipitously this past year, and while the decline may continue for a few months more, it has a floor. I’d be stunned if oil fell below $40/barrel in 2015 and if it does, it won’t stay down there for long. Even with Putin out there trying to stir up trouble to get oil prices back up to rescue the Russian economy, expect the price of oil to settle in around $58/barrel give or take around $5… roughly just about where it is right now ($55/barrel).
    (Update 4/30/15: Price per Barrel of Crude Oil: $59.21.)
  27.  

  28. The DOW will continue to rise but not at the same rate, as oil prices stagnate and Republican obstructionism leaves Washington in the doldrums. The DOW should flirt with the 20,000 mark by years end, another record but at a slower rate than 2013 or 2014.

And that’s my predictions for 2015. No big moves on the Environment or Renewable Energy. 2015 just won’t be a “shake things up” kind of year. With Hillary’s “inevitability”, even the Presidential Debates won’t draw a lot of interest. Other than Hurricane Katrina in 2005 and “Medicare” in 1965, can you name anything of significance happening in a year ending in “5” in the last 50 years? My batting average has fallen every year since 2008, so I’m due for some improvement. We’ll see.

Follow-up: In my Predictions for 2014, I predicted the Supreme Court would rule that same-sex marriages performed in one state must be recognized in other states and that it would eventually lead to National recognition of same-sex marriage since same-sex couples could then legally exist in all 50 states. I was wrong in 2014, but the same conclusion was reached by the Supreme Court on June 26, 2015, declaring bans on same-sex marriage unconstitutional.

 



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Filed in Economy, Election, General, Money, Predictions December 29th, 2014 by Admin Mugsy | • 1 comment | Add/View

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Plunge in Oil Prices Foretells Looming Economic Disaster. Aribrary pricing can go up easier than it came down.

By Admin Mugsy - Last updated: Monday, December 8, 2014

During the 2000 presidential campaign, after oil climbed a whopping 72cents in one day (yes, that’s sarcasm) to $33.05/barrel, causing gasoline prices to hit an “unthinkable” $1.68/gallon nationally, Interstate “long-haul” truckers across the country threatened to go on strike saying that the soaring price of fuel was putting them out of business. Naturally, the leading candidates, Bush & Gore, were both forced to respond. On June 22nd of that year, George W Bush openly criticized the Clinton Administration for rising gas prices, saying (famously) that if HE were president, he’d tell OPEC to “open up the spigots” to bring down gas [sic] prices. Over the prior two decades, the price of gasoline had not fluctuated by more than a few cents a year until the “dime a gallon” spikes we saw in early 2000. But that stability vanished following G.W.Bush’s ascent to the presidency:

DoE graph of weekly oil prices from 1991 to Present (link)
Weekly gas prices 1991 to present

The range circled in yellow is the relatively flat/stable gasoline prices we had become accustomed to for decades, with a slight dip following 9/11. Gas prices rarely rose more than a couple of pennies per gallon in a month let alone a single day. After becoming president, the price of gasoline under George W Bush remained in the “strike zone”… and by that, I mean quite literally the “over $1.50/gal” price point at which truckers had threatened to strike… for the next three years. The day AFTER 9/11… and for the next two years… oil was still (roughly) only $29/barrel. It took the unwarranted invasion of Iraq and tossing the Middle East into chaos to drive the price of oil into the stratosphere (I’ll let you decide if that was the goal all along.)

The range circled in red is the dramatic plunge in gasoline prices after peaking at just over $4.10/gallon in July of 2008 (reportedly, one journalist asked President Bush at the time what he thought about the price of gas breaking $4/gallon, to which a startled president Bush… who last saw gas prices around $1.68/gal during the 2000 campaign… supposedly said in surprise, “How much???”) Breaking the $4.00 barrier was probably the final straw in the looming collapse of the economy, the bankrupting of the banking industry and the implosion of Wall Street, with the price of gas falling to a national average of just $1.89/per gallon in just seven months. The election of President Obama and the promise of getting out of Iraq was seen as likely to bring some stability to the Middle East (don’t laugh), which in turn would reduce the threat to our oil supply, allowing prices to quickly “rebound” back to the “new normal” of over $2.50/gallon in less than a few months (and over $3.50/gal in the year to follow). Again, as you can see from the graph, gas prices began to flatten out (relatively) until this most recent plunge (circled in green.)

I’ve been writing about the skyrocketing price of oil under Bush for many years now, so one might think I’d be thrilled to death to see the price of oil (and gas) plunge back to Earth… and under a Democratic president no less to really rub it in Republican’s faces. Low gas prices are like a shot of nitrous in the economic gas tank. What Republicans think “tax cuts” do for the economy, falling gas prices actually DO (because the benefits hit the Poor & Middle-Class FAR more directly/substantially.) But sadly, this current plunge has only highlighted a big flashing neon-sign at just how arbitrary oil pricing was to begin with, and how likely this rubberband is poised to snap back in our faces. Not to sound like a “Debbie Downer”, but there is a reason oil prices have been falling so precipitously in recent months and the chance they could shoot back up at almost any time is very real (if not likely)… the consequences of which could get very ugly.

The reason oil prices are falling are manifold. First, the United States, under President Obama, has dramatically increased oil production to a 38 year high. The “Drill here! Drill now!” crowd that vilified Obama during the 2008 & 2012 presidential races has an unexpected ally in President Obama. While touting the need to cut our dependence on fossil fuel and invest in renewable energy, President Obama has disappointingly been very supportive of increased drilling across the country (mercifully, he stood up against the “Keystone XL pipeline”, but have you noticed since the vote failed in the Senate, Republicans aren’t exactly banging the drum on how they’ll hold another vote after they take control of Congress?)

Increased U.S. production has triggered a price-war with OPEC… which represents about 1/3 of all the oil produced in the world… increasing their own production to compete with America. So right now, it’s a fight to see “who blinks first”. Two weeks ago, OPEC voted on whether they should CUT production in an attempt to drive prices back up. In the end, they voted “No” because they knew they would lose Billions in sales as more people purchased American oil. OPEC’s response was that they could withstand the price of oil falling to as low as $50/barrel again… a price not seen since right after the invasion of Iraq in 2003.

But American oil companies are likely to blink first before allowing oil prices to fall that low again, and would cut their own production to drive prices back up. OPEC would happily cut their own production in turn, the price of oil would skyrocket overnight and the U.S. economy could crash.

And American oil companies have ample incentive to drive prices up. First, when you sell a product billions of people literally can’t do without, you can almost charge whatever you want. And if they want $75 oil again, they wouldn’t break a sweat getting it back up there. And if you’re “TransCanada” and have millions of acres of oily sludge just begging to be turned into a pile of cash if only it were cost-effective to do so (presently, oil needs to be over $75/barrel to make converting tarsands sludge into oil profitable), nothing would make them (or their investors) happier than to see the price of oil shoot back up.

Of course, U.S. oil production can’t remain at this pace forever. Eventually (very soon I believe), production is going to start falling off (either from actual shortages or artificial ones), thus prices will start inching back up and the U.S. economy will falter. Desperate to eschew blame, Republicans… having missed the lesson entirely… will cry, “If only Democrats hadn’t blocked the Keystone pipeline in 2014, it would be built by now (actually, most of it is already built) and the price of oil wouldn’t be so high!”

No, the lesson to be learned here is that now more than ever, while oil prices are low and the economy is growing, we need to be investing in Green Energy now more than ever. Think of it as a “rainy day fund”. You don’t put money in the fund when you’re struggling and need it most, you fill it when times are good and need it least. We shouldn’t allow our… nay The World’s economy to be subject to the whims of the Oil Cartels. They’ve already subjected us to ONE global economic disaster. Do we REALLY wanna try for TWO… especially with so much warning?

POSTSCRIPT: I decided not to report on the recent protests regarding the deaths of Eric Garner, Michael Brown, Tamir Rice, and whomever is next because the subject is already being covered thoroughly by others. Rush Limbaugh went on Fox “news” Sunday yesterday to blame “high taxes on cigarettes” for the death of Eric Garner (the “logic” being that the only reason there was a market for him to sell lose cigarettes was because of the high taxes on them, and the city’s dependence on that tax revenue is why “so many” cops descended upon him to the point of taking his life.) Yes Rush, blame the government; blame the victim; just don’t blame the guy with his arm around Garner’s neck… which “wasn’t a choke hold” because the cops told him so.

Limbaugh… the man who sang “Barack the Magic Negro” on his radio show to the same Teanut listeners who carried signs of Obama dressed like a witch doctor while protesting “ObamaCare”… complained bitterly that “people thought electing a black president would move the country past racism” (an irony lost on Limbaugh), but instead President Obama is to blame for an even greater racial divide in this country. He went on to lament that “you can’t criticize Obama without being accused of being a racist.” No Rush, before Obama, closet racists like yourself kept their racism in check. Once they were able to openly use racial code to criticize a black politician under the protective guise of simply “criticizing the president”, that’s when you and your ilk were exposed as the racists asshats we always knew you to be.

 



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Filed in Economy, Energy Independence, Greed, Money, Predictions, Seems Obvious to Me December 8th, 2014 by Admin Mugsy | • No comments | Add/View

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Keystone XL: Not Just a Potential Environmental Disaster But An Economic One Too.

By Admin Mugsy - Last updated: Monday, November 17, 2014

Did you know about 1/2 of the Keystone XL Pipeline has ALREADY BEEN BUILT? The KXL project is a 1,200 mile long pipeline extending from Hardisty, Alberta to refineries in Houston, Texas near The Houston Ship Channel. The southern legs of the pipeline, one branch from Steele City, KS to the pipeline hub of Cushing, Okla., and the other to two refineries near Springfield, Ill, were constructed between 2011 and earlier this year. in The state of Kansas… which just reelected Governor Sam Brownback despite a record of extraordinary economic malpractice thanks to massive unpaid-for tax cuts strapping the state with a whopping $279 Million dollar budget deficit… gave the Canadian oil company “TransCanada”$15 Million dollar ANNUAL tax cut (ibid first link) to entice them into building the pipeline through their state. That’s like bribing a highway construction crew already knocking on your front door to reroute the freeway through your living room. The tax revenue lost to Brownback’s idiotic tax cut was NOT recovered in tax revenue from new employment. Worse, when that pipeline starts leaking… and it will… the state of Kansas can TRY to get TransCanada to pay for the cleanup, but the imposed fine (if there’s even one at all) won’t cover the actual cost of cleanup or damages. It never does. Who picks up that tab? But “health” and “cleanup” costs are just two of the half-dozen or so economic pitfalls from allowing this pipeline to continue. I already noted the loss of tax revenue in Kansas. Consider that land and the immediate area around it a dead zone for the next 100 years as people decide they don’t want to live near a pipeline (noisy, smelly, dangerous). And the list goes on.

Businesses near the pipeline will soon be forced to relocate as the local population moves away. That translates to fewer jobs and less tax revenue. At the destinations of these pipelines, not only will residents/businesses flee the pipeline itself, but the massive lakes of toxic waste (called: “tailing ponds”) will chase away new residents better than being told their house was the site of a brutal murder/suicide.

Ask anyone from South-East Texas about a place called “Texas City”, and the first thing they’ll mention is how bad it smells. “Texas City” is home to three major oil refineries, only a short hop away from “Port Arthur”… one of Keystone’s three destinations… with its three additional refineries. Trust me, no one lives there unless they have to (employed at the refineries). Not only does the air stink of rotten eggs (sulfur) for miles around, but the air actually burns your eyes and throat after just a few minutes (it is common local knowledge to “roll up your windows” when driving past this section of East Texas.)

I keep hearing supporters of the pipeline say, “It will create jobs!” like it’s a universally accepted statement of fact, and to doubt “that one simple fact” makes you irrational. During last Friday’s episode of “Real Time With Bill Maher”, CNN “Political Contributor” Margret Hoover stated as a fact: “The reality is that the Keystone XL Pipeline will create jobs. Who could be against that?” And MSNBC’s Chris Matthews also repeated the mythical “it will create jobs” claim during “Meet the Press” yesterday. In both cases, NO ONE challenged those assertions. JUST ONCE I’d like to hear someone ask the obvious (bleeping) follow-up: “DOING WHAT?” Seriously. Certainly not in the actual construction of the pipeline itself. As I’ve already pointed out, nearly HALF of the pipeline has already been built. And most of the steel pipe used to construct the pipeline has already been purchased from India. And if you think that Indian steel is stronger than American-made steel with less risk of rupture as 1million barrels a day of liquified dirt SANDBLASTS the walls of that pipe 24/7/365, I have a bird estuary to sell you. No surprise by the lack of pushback on MtP, but one would think that at least on a Left-leaning show like Maher’s, he’d challenge the notion. But he didn’t. Yesterday, ABC’s “ThisWeek” had on the CEO of TransCanda who conceded an AP report that the pipeline would create “just 50 permanent jobs in the U.S.”, but countered that it was still a “job creator” because it would also create “9,000 (low-paying temporary) construction jobs” and “42,000 indirect” jobs (over 2 years)“:
 

CEO of TransCanada, Bill Girling, concedes that the costly pipeline may create only FIFTY permanent jobs in the US and perhaps only 50,000 “temporary” and “indirect” jobs along the construction route over TWO years.

 

Seriously? These are the “jobs, jobs, jobs” Republicans have been promising? We’re risking certain environmental disaster to produce less than half as many jobs as the U.S. economy needs EACH MONTH just to keep up with population growth, over the span of TWO YEARS? Tell me we’re not being ruled by people THAT dumb!

UPDATE: Doing the math, best case scenario of 51,000 temp jobs (9,000 + 42,000) spread out over two years has the same impact as adding just 490 jobs a week for the next two years, or roughly a 0.45% increase in monthly job growth.

While live Facebooking/Tweeting the Sunday News Shows yesterday (click here to follow us on Twitter or here to follow us on Facebook), I found myself in a Twitter “debate” with a “Proud Truther” that thought I wasn’t very bright if I couldn’t figure out all the jobs that could be created from “Construction and maintenance” of the pipeline. Long story short, after I advocated promoting “Green jobs” over the pipeline, he responded with the familiar Republican claim that “government does not create jobs”. This is a common (and painfully stupid) response by Republicans whenever talking about using the government to promote job creation. The “logic” (if you can call it that) goes this way: “If the government creates the job, it costs tax dollars, for a net gain of zero.” And if government were the employer, he might have a point (he’d still be wrong, but at least a defensible argument.)

So I respond back, “Government doesn’t create jobs? That’s demonstrably false. The government creates jobs ALL THE TIME.” May I just point out that this mental midget was arguing with me OVER THE INTERNET… which was a government project and now responsible for hundreds of millions of jobs. Before that, we are STILL reaping the benefits of President Eisenhower’s “Interstate Highway Project” today. And the next time you drive over an eighty year old bridge built under FDR’s WPA (Work Projects Administration), ask yourself how much each of these things has contributed to Commerce in this country?

Remember that “failed” government program that lost millions on “Solyndra“… a GOP punchline for the past six years that Republicans pointed to as an example of “money wasted trying to promote green jobs”? Well, it’s slated to turn a $5 to 6 BILLION dollar profit next year as the majority of companies backed by the program more than out-performed the losses.

Some “reluctant” supporters of constructing the pipeline (and many Republicans, like Sen. John Thune, trying to straddle the fence on Fox “news” Sunday yesterday) like to say, “Construction of the pipeline is inevitable. They are going to sell that oil whether we build the pipeline or not, so we might as well just build it.” Few arguments in favor of the pipeline anger me more than this one. It’s the, “we’re all going to die someday so why not just put a bullet in our brains now?” argument. Former Talk Radio host Ed Schultz made this asinine argument on his radio show last year creating a firestorm. People like myself quickly set him straight and eventually he recanted, but the damage had been done and his show was off the air a few months later.

No. Construction of the pipeline is NOT “inevitable”. Turning tarsand into “oil” is an extremely expensive process, and it is only cost effective with oil between $65-$75/barrel (add this to the mess with ISIS and it’s just one more way the Bush Administration royally screwed this country.) Get the price of oil below $70/barrel and it is no longer cost effective to try to turn that sludge into “oil”. Last week, the price of oil fell below $75/barrel for the first time since 2006. The price of oil the week before the invasion of Iraq? $32/barrel. 

I heard numerous Conservative Commentators yesterday repeat the “common sense” logic that “increasing the supply of oil” (by tapping the Tarsands reserves) will bring down the price of oil. I’ve already detailed in my “Truth About the KXL” report how there isn’t enough oil in the Alberta tarsands (even when added to our our own Bakken shale reserves) to “glut the market”, and that even if there were, OPEC would simply cut production to drive the price back up. So any idea that the tarsands oil will mean lower gas prices is based on nonsense.

For FAR less money… with the side benefits of creating FAR more PERMANENT high-tech green jobs and without the double costs of environmental and economic disaster… we can REDUCE our dependence on oil… the ONLY thing that would actually have an impact on oil prices. I pointed out a couple of years ago that roughly 8% of our electricity is generated by oil-powered turbines. Replace them with windfarms and you DRAMATICALLY reduce the amount of oil this country consumes each year (FAR more than “8 percent”), which in turn would bring oil prices down… quickly. OPEC can’t simply drive prices up by cutting production of a product for which there is already less of a demand. They’ll just drive away customers.

There is no economic future in continuing our dependence on fossil fuels. Green jobs pay better and have an actual future, but our government is about to be dominated by people desperate to protect the Blacksmithing Industry from the invention of the Automobile. Senate Democrats are suddenly willing to hold a vote on Keystone because they think helping Louisiana Senator Mary Landrieu agree with her opponent on the pipeline will save her job (bang head on wall repeatedly). Have they learned NOTHING from the beating they took just one week ago? Conceding your opponents position doesn’t win you elections. I can think of no better/safer time to kick Landrieu to the curb as a warning to other Democrats. Keeping this notorious DINO in office doesn’t change the balance of power. She’s about to vote with the Republicans (again) in opposition to President Obama (again), so tell me again why I should waste ONE DIME trying to save her seat in Washington? Keystone is a White Elephant for Democrats. Add to that the economic costs of cleanup and the decimation of local economies from “blight flight” (you like that? I just made it up) and Republican “tax cuts” to attract something any sane group would pay to keep away, and you have a project that is SO bad on SO many levels, it’s almost inconceivable that anyone is taking this idea seriously.
 



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Filed in Economy, Energy Independence, Environment, Global Warming, Greed, Jobs, Money, myth busting, Right-Wing Insanity November 17th, 2014 by Admin Mugsy | • 3 comments | Add/View

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History Has Shown Us What Happens With Republicans In Charge – and it’s not good

By Admin Mugsy - Last updated: Monday, November 3, 2014

Probably THE reason I’ve been writing this blog every week for the last ten years is because of the importance of elections. As the subtitle says, “Recording History for those Who Seek to Rewrite it”. Of course, you wouldn’t need to be reminded of something if you had no power to change it. Not only is it about the elections, but also to remind voters of what happens when they vote while uninformed/misinformed. (Side-Note to anyone that thinks elections don’t matter: Ask the people spending BILLIONS trying to suppress your vote why do they bother if elections don’t matter?) Republicans are notorious for their hypocrisy when their politicians do the very things they claim to oppose (eg: GWB decrying “nation building” during the 2000 RNC Convention, to name but one) to a wholesale rewrite of the Reagan Legacy to turn the former union-leader that raised taxes 12 times, decried Assault Weapons, never attended church and granted amnesty to 10 million undocumented immigrants into “Jesus Meets John Wayne”. I’ve written multiple times of how the founder of “The Party of Lincoln” couldn’t get elected Dog Catcher by today’s GOP. And those are the Republicans we liked. But the past three-decades has produced what has to be the most noxious, partisan, short-sighted Republican Party I’ve ever seen. Republicans have left a long (slimy) trail of hypocrisy and economic disaster in their wake, yet somehow they keep managing to get elected by people with incredibly short memories and no foresight. I’ve likened it to psychotics that believe they “don’t need their meds” WHILE ON their meds (ie: Voting Republican after Democrats clean up their mess), discontinuing them only for disaster to ensue. So let’s take a little stroll down Memory Lane for a look back at the GOP Highlight Reel.

Reagan

During his 1980 Presidential campaign, Reagan criticized the Carter Administration for allowing the National Debt to grow to to a “staggering” $800-Billion dollars. Just days after entering office, in an address to Congress in February of 1981, Reagan’s speech-writers came up with the infamous “stack of dollar bills” analogy to give people a sense of just how much money “one Trillion dollars” really is. The Reagan prescription called for a massive tax-cut intended to (quote) “starve The Beast” [ie: government] in a misguided belief that less money coming in would force Congress to cut spending and reduce the Deficit. Sounds reasonable enough. But what the Reagan Administration didn’t count on was there there isn’t that much “fat” in the Federal Budget. And spending wasn’t exactly curbed when the staunch 1950’s anti-Communist decided that the way to defeat “The Red Menace” was to spend them into oblivion via a costly arms race. Before Reagan was governor of California, the former actor was the Head of “The Screen Actors Guild”… a union to protect the rights of people in the film industry… and volunteered to be an FBI informant in McCarthy’s anti-Communist witch-hunt that led to him testifying against “the Hollywood Ten”… a blacklist that ruined the careers of a number of prominent writers, actors and directors.

What the Reagan Administration did not count on was that sucking that much money out of the economy meant fewer paychecks. Less than two years later, Reagan’s Corporate tax cuts led to 10.8% unemployment, the highest since The Great Depression and a level not seen since. To get the unemployment rate back down, the Reagan Administration went on a hiring binge, greatly expanding the size of the Federal Government… which cost money, further exploding the Debt.

By the time Reagan ran for reelection in 1984… less than four years after lambasting the Carter Administration for allowing the National Debt to grow to $800-Billion dollars… “Reaganomics” had nearly doubled 204 years worth of accumulated Debt to $1.5-Trillion dollars. Because the government was borrowing so heavily to finance the Federal Government, people enjoyed all the benefits of low taxes AND a fully-funded Federal Government without realizing just how much they were putting on the National Credit Card. By the time Reagan left office, the National Debt had more than TRIPLED to $2.7-Trillion dollars. 12-years later, soon after taking office, Dick Cheney declared that “Reagan proved that Deficits don’t matter”. Then the Bush Administration proceeded to turn Clinton’s Surplus into a $1.4-Trillion dollar a year Deficit… which didn’t seem to bother Republicans all that much until Barack Obama inherited it. Then suddenly, The Debt (but not The Deficit which is shrinking) became an apocalypse waiting to happen. But I digress.

If the hypocrisy of Deficit Spending under Reagan weren’t enough, how about being “the most corrupt Administration in history”… a title that took some doing barely a decade after the Nixon Administration. Reagan’s presidency ended with ONE-HUNDRED AND THIRTY-EIGHT public officials being indicted or going to Federal prison, the most in American history thanks to things like the “Iran/Contra” scandal (selling arms to Iran to finance the Nicaraguan Contras). And I well remember when… after Congress rejected Reagan’s request to provide rebel Contra forces with money to buy guns, as “Commander-in-Chief”, “St. Ronnie” simply circumvented Congress (sound familiar?) by ordering the U.S. military to storm the beaches of Nicaragua loaded down with as much weaponry as they could carry, dump it all there on the beach, and walk away. The Contras got their guns and Congress was forced to spend the money anyway to rearm our military.

Bush-I

Despite the exploding Debt and record corruption, the country still elected Reagan’s Vice President, George HW Bush, to continue the Reagan presidency. Unfortunately for Republicans, Poppy Bush… who ran against Reagan in 1980 criticizing his economic policies as “Voodoo economics” (the belief that you can increase Federal Revenue by slashing taxes on the rich) was a bit more responsible when it came to Federal spending (not by much mind you, but enough.) Poppy Bush, after assuring cynical Republicans that he wouldn’t raise taxes with his infamous “Read. My. Lips.” pledge, was forced to do so when he saw what Reagan’s tax cuts were doing to the Deficit. So he agreed to a small tax increase in exchange for concessions on drastic spending cuts… inflicting the worst of both worlds on the economy, which thew itself headlong into a Recession.

Bill Clinton’s 1992 Campaign Theme was “It’s the economy, stupid”, ridiculing Poppy Bush for refusing to even mention the subject on the campaign trail. So upset were most Americans with the Bush-I economy, many (myself included) turned to Third-Party candidate Ross Perot. To this day, I wonder what disasters might have befallen the country if Perot had actually won the election… a man that it turned out had no interest in “negotiating” with Congress or anyone else, believing there was a “mandate” for what he believed was right for the country and would ignore anyone that told him otherwise (that’s not a guess. That’s what we learned after one of his campaign managers, Ed Rollins, revealed when he resigned in protest.) I view my support for Perot as a learning lesson for why it is so important to be an informed voter today.

The 1994 Gingrich Revolution

In 1994, following two years of vicious partisan attacks and recriminations by Republicans against a president they viewed as “illegitimate” (thanks to Perot’s third-party candidacy that allowed Clinton to win with less than 50% of the vote), House Minority Leader Newt Gingrich orchestrated the GOP takeover of Congress during the 1994 mid-terms resulting in six straight years of pointless costly investigations in a failed attempt to derail the Clinton presidency. When their partisan witch-hunt failed to deny Clinton reelection in 1996, the GOP controlled Congress turned its attention toward “impeachment” to ensure Clinton didn’t finish out his second term. But there was no “there” there. “White Water”… a failed land deal, never produced evidence of criminal wrong-doing. Clinton’s reported philandering was an embarrassment, but not criminal. For some inexplicable reason, President Clinton allowed the GOP to subpoena him and force him to testify under oath that he wasn’t cheating on his wife… again, scummy but not a crime. Under oath, Clinton denied the truthful accusation, which in itself was (arguably) criminal, thus handing the GOP on a silver platter the justification to impeach him.

Two of Clinton’s key critics, Rep. Newt Gingrich and Sen. Henry Hyde were both currently having extramarital affairs WHILE they were denouncing President Clinton for his, a fact that did not to come out until years later. The sum culmination of six-years of investigations of everything from “The White House Christmas Card List” to “Socks The Cat’s Fan Club”: $70 Million dollars, no conviction, and Clinton leaving office with a (legitimate) popularity that rivals that of St. Ronnie (illegitimate, based on the most whitewashed record imaginable).

Bush-II

During the 2000 presidential race, George W Bush… whose only claims to fame prior to being elected governor of Texas were being a chronically failed businessman, son of a former president, and managing a baseball team that traded away Sammy Sosa… crisscrossed the nation talking down the record-breaking Clinton economy, claiming that “If only a Republican president had been in charge with the Republican Congress for the last six years… just imagine how much better things might have been.” People bought it and (arguably) elected a Republican president to preside over THE SAME Republican Congress Clinton had. The result was a disaster. Economic gains reversed almost immediately and the Stock Market plunged nearly one thousand points from Bush’s first day in office (10,587 on 1/19/2001 to 9,605 on September 10, 2001… so no blaming 9/11). The incoming Bush Administration was too busy plotting the invasion of Iraq to listen to CIA warnings of an impending attack on the US mainland by alQaeda, resulting in the arguably avoidable disaster of 9/11. A wave of post-9/11 patriotic fervor swept the GOP back in power in 2002 and Bush (narrowly) back in office in 2004 despite the disastrous decision to invade Iraq on grounds that people were quickly beginning to realize were totally bogus… with the Bush Administration actually campaigning on “You don’t change horses in mid-stream”… a “stream” that ironically only existed because they blew up the dam.

The Stock Market continued to plunge and unemployment continued to climb as rising oil/gas prices (thanks to the invasion of Iraq) made everything more expensive, ushering in the first or TWO Bush Recessions. The Bush Administration’s solution was to cut interest rates to the bone and encourage people to invest in real-estate. Millions of people were talked into taking out “Adjustable Rate Mortgages” to purchase well beyond their means, but as the economy continued to decline, those ARM rates started to go up & up. As more money shifted from buying goods to paying high interest rates on their mortgages and $3/gal gasoline, the economy started to implode as people began losing their jobs and defaulting on their mortgages, resulting in the collapse of the Banking industry and the biggest economic bailout in history… ON TOP OF the ongoing costs of two wars… one of which we never should have been in and neither with a plan to get out. President Bush would be only the second president in history to leave office with the DOW lower the day he left than the day he took office (the first was Herbert Hoover.)

The GOP under Obama

This is the Sh!t storm President Obama inherited. Yet today, less than six years later, the economy is recovering DESPITE unprecedented Republican obstruction. The DOW has nearly TRIPLED where it was following the collapse of the Bush economy (from 6,547 in March of 2009 to 17,390 last Friday), unemployment has fallen to just 5.9% (below where it was when Obama took office) and GDP grew at 3.5%, the strongest rate in 10 years.

o Republicans said Raising taxes on the rich would crash the economy. President Obama raised taxes on the Rich. The economy is strong and getting stronger by the day. The Deficit is shrinking as a result and has NOT ONCE been larger than the Deficit left to him by President Bush.

o Republicans said ObamaCare would push up unemployment as companies laid off employees rather than insure them. Instead, unemployment is at it’s lowest level in over six years… helping prove the point that tax breaks for the rich don’t create jobs, consumer demand does. So employers are hiring, not firing, despite “ObamaCare”.

o Sarah Palin’s “Death Panels”? They never materialized. In fact, people who were denied coverage by insurance companies’ OWN “death panels” before ObamaCare are now covered. The GOP has vowed to repeal that coverage if they regain power.

o They told us “the only way to get gas prices down is to approve the (disastrous) Keystone XL pipeline”. Gas is below $3/gallon and falling thanks in part to increased competition among OPEC nations, not the construction of any pipeline.

o Obama is mishandling Ebola? ONE death by a man that was turned away from a hospital in a RED state. ZERO cases of Ebola spreading within the general public. By all accounts, handling of the Ebola outbreak has been WILDLY successful.

o Mishandling ISIS? First, let’s not forget there wouldn’t even BE an ISIS if it weren’t for the invasion of Iraq ala the GOP.

o Border crisis? As I pointed out last week, the GOP is actually running ads suggesting ISIS is entering into the U.S. across the Mexican border, while others openly wonder if those poor Central American children entering the country may be carrying the African disease of Ebola. Neither of which are true.

The Republican Party, unable to run on their own record or on Obama’s economic record, are instead doing what they always do: make baseless hypocritical claims of criminal wrongdoing (“Fast & Furious” and “IRS-gate” brought to you by the backers of Iran/Contra and Iraq/WMDs), hypocritical claims of incompetency (cries of “Benghazi!” from the people that brought you “9/11″), and threats of impeachment for circumventing GOP obstruction (the same Party that praises St. Ronnie despite circumventing Congress to arm the Contras.)

They can’t win on their record, so they’ve enacted Draconian “Voter ID” laws across the country, suppressing literally millions of traditionally Democratic low-income voters in the name of “voter fraud”… an activity so rare that more people are convicted of “migratory bird violations” each year than have been convicted of voter fraud in the past decade… not only incredibly rare but hardly enough to swing an election. Don’t think for a moment that they don’t know what they’re doing. If the voters were truly on their side, they’d be doing everything to encourage the vote, not suppress it. And, a question I’ve been asking all year: I’m still waiting for someone to explain what cutting Early Voting hours/days has to do with fighting “voter fraud”?

Ebola, ISIS and trumped up claims of wrongdoing. Fear & Smear. That’s all they have to offer this election season. “Be afraid! Be very afraid! Oh, and vote Republican!” The GOP thinks you should ignore the economic growth and their unprecedented obstruction, and put them back in charge. The amazing thing is that it seems to be working. Those who do not learn from history…
 



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Filed in Economy, Election, myth busting, rewriting history, Right-Wing Hypocrisy, Taxes, voting November 3rd, 2014 by Admin Mugsy | • No comments | Add/View

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Dems, If You Want To Win the Senate, stop accepting GOP line that Obama is a failure.

By Admin Mugsy - Last updated: Monday, October 13, 2014

Obama's achievements only make them hate him more.

I don’t know what angers me more: Hearing every pundit on TV talk about how “unpopular” President Obama is citing questionable polling numbers as the basis for their opinion, or Democratic candidates who believe it and then run in fear of being associated with him (again, I’m looking at YOU Alison Lundergan-Grimes. You are about to lose to someone with a 31% approval rating… a race that was yours to lose… because you think eschewing Obama will win over Conservative McConnell voters? Seriously?)

For ONCE, do you know what I’d like to hear? How about just ONE of these candidates say in response to “Do you support Obama?”:

“You mean, do I support the guy that brought unemployment down to 5.9% just 22 months after Romney said he’d do it in four years? Do I support the guy who TRIPLED the stock Market since it bottomed out following the collapse of Wall Street six years ago? The guy who has already created over TEN MILLION NEW JOBS? The guy who has cut the Deficit to its lowest rate since Bill Clinton balanced the Budget in ’98? The guy whose healthcare reform has slowed the growth of rising insurance rates to its lowest in 30 years? And, of course, the guy who got bin Laden? Is THAT what you’re asking me? You think that’s something I should be ashamed of?”

As I’ve pointed out repeatedly here on M.R.S., Obama’s poll numbers are being DRAGGED DOWN BY INSANE UNJUSTIFIED REPUBLICAN HATRED FOR THE MAN. The better he does, the more they hate him. Amazingly, President Obama’s approval rating is still in the low 40’s despite having a stunning SEVEN PERCENT approval rating among Republicans. Seven percent? Are you freaking kidding me??? Hell, even Ebola gets nine. Tell me ONE legitimate thing that could justify a 7% approval rating? At the absolute BOTTOM of President Bush’s popularity in 2008, Democrats still lavished him with a 31% approval rating (ibid). Remember when Rush Limbaugh said he “hopes Obama fails” (despite knowing Obama’s failure means the country failing)? Because it’s more important to them that Democratic ideology doesn’t succeed, because if it does, we’ll see more off it. So if raising taxes on the rich leads to more tax-free reinvestment into their businesses spurring job and economic growth, that might mean more tax hikes in the future, meaning greedy bastards like Limbaugh or the Koch Brothers might have to pay higher taxes.

But what these Luddites fail to realize (and we saw this after the Clinton tax hikes of the 1990’s) is that the resulting economic growth means MORE profits and a healthier economy, while GOP policies eight years ago led to TWO Recessions and the collapse of Wall Street.
 

Complain about Obama’s handling of Ebola and I’ll raise you “Katrina”.

Complain about Obama’s handling of ISIS and I’ll ask you whose invasion of Iraq destabilized the entire region into the chaotic mess that led to their rise?

Complain about slow economic growth and I’ll point to THE MOST OBSTRUCTIVE GOP IN HISTORY BLOCKING THE PRESIDENT AT EVERY TURN, ensuring that nothing gets done so they can then turn around and blame him for the lack of progress, hoping you’ll be dumb enough to reward them for it in November.
 

Grimes wants to be like Mitch

This is how it works: A Republican prez makes a massive mess and an angered populace replaces him with a Democrat. Then a Republican Congress blocks him from doing anything to clean up that mess just so they can get (re)elected. And then, if that president uses his Constitutionally given powers to circumvent their obstruction (beating them at their own game), they become so outraged they threaten to impeach him for it (“We can’t have him getting around our attempts to keep him from getting anything done!”)

So manic is their obsession to stop President Obama from achieving anything, Sen. Jim Inhoff (R-Climate Change Denying Cuckoo Bird) actually withheld emergency funding to fight Ebola, relenting only after drawing sharp criticism for his craven partisan obstruction.

The more President Obama succeeds, the madder they get. So when pollsters ask people to rank the president’s job performance… numbers already artificially depressed due to Republican obstruction that has earned them a 16% approval rating… those numbers are dragged into the toilet by the seething hatred of all things Obama, turning mildly low numbers into the low forties.

Meanwhile, despite approval ratings in the single digits, a GOP controlled House is going to remain in GOP control, and a Senate that has been “Wag the Dogged” by unprecedented filibustering by the GOP is going to be REWARDED with additional seats to ensure even LESS gets done in President Obama’s final two years in office (because they’ll be too busy impeaching him for wearing black socks with sandals… or something equally stupid.)

But even with these artificially low poll numbers, President Obama is still wildly popular compared to President Bush when he left office (and the less said about Dick Cheney, the better.)

Remind me again why any Democrat is worried about being linked to this president?

The Rachel Maddow Show makes the same point on Monday’s show, questioning why Democrats seem to be running away from Obama this election season despite a legacy of achievement:

 



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Filed in Economy, Election, myth busting, Partisanship, Politics, Rants, Right-Wing Insanity, Seems Obvious to Me, voting October 13th, 2014 by Admin Mugsy | • No comments | Add/View

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Labor Day: Record Job growth. S&P hits 30th record high. Obama approval among Republicans: 11%.

By Admin Mugsy - Last updated: Monday, September 1, 2014

On this Labor Day, I’ll let the video do the talking (I apologize for the low quality. Recording technology has improved greatly since I recorded this ELEVEN YEARS AGO TODAY):
 

Bush campaigns for reelection amid record bad jobs numbers. (2:48)
September 1, 2003

The woman in the video that “doesn’t blame” President Bush for rapidly rising unemployment because “[the economy] was bad before he got in there” pretty much says it all. When Bush took office in January 2001, the unemployment rate was 4.2% TWO FULL POINTS LOWER than it was at the time of the video. Unemployment would hit 7.4% by the time he leaves office. (I apologize for the lack of indexes in those graphs, but they are auto-generated by the BLS.)

Now try to imagine if President Obama had inherited the same record economy George W Bush did (22 Million new jobs and a balanced budget) and turned it into a basket case in less than three years; took the country into an unnecessary war after asserting as “fact” that another Middle-Eastern nation was preparing to use “stockpiles of WMD’s” against us; stage a “Top Gun” photo op to declare that war over while soldiers were still fighting & dying looking for those weapons, only to later joke about not finding any of those weapons during a White House Correspondents Dinner following the deaths of nearly 800 American soldiers. Imagine the backlash. (Think about the Republican reaction to FOUR deaths overseas in Benghazi on 9/11/12 vs FOUR THOUSAND deaths on U.S. soil on 9/11/01.)

And Republicans cheered Bush… and gleefully reelected him. His average approval rating that year: 62.2%.

Let’s contrast this with President Obama’s record:

Inherited the worst economy since The Great Depression where we were losing nearly 800,000 jobs per month, a 3/4 of a TRILLION dollar bailout of Wall Street, a Stock Market in freefall, and turned it all around, having already created more than THREE TIMES as many jobs in just six years than Bush did in eight.

Six straight months of an economy that’s producing more than 200,000 jobs per month… the first time that’s happened since 1997… the start of the Clinton boom years. (And the Conservative response: yeah, but the numbers are “lower than expected”, “still too many people out of work” and… my favorite… “we needed that many jobs just to recover what we lost” [unspoken: under Bush].)

The S&P-500 has hit a record high… not just once, but for THE THIRTIETH TIME this year, breaking the “2,000” mark for the first time.

And President Obama’s approval rating among Republicans? An absurd 10.7%, dragging down his overall approval to just 42%.

At the height of the economic mess in 2008, President Bush’s approval rating among Republicans was “down to” 60%. The only thing one can conclude from this is that Republicans must LIKE economic disaster.
 


 

Another helpful reminder of where we were more than a year before President Obama took office:
 

Disaster Presidency: Two weeks in November 2007.

 

That was after six years of a Republican president and Republican Congress.

And if you think this current “Do-nothing Congress” (with its 15% approval rating) is bad, just imagine what the next two years will be like if Republicans gain control of the Senate and spend the next two years impeaching Obama the way they did at the end of Clinton’s presidency.

Republicans would love to credit themselves for the economic turnaround. But what actions could they point to to justify it? “Stopping Obama” via unprecedented obstruction? Two signature accomplishments they failed to obstruct… his “tax hike” and “ObamaCare”… they said would kill jobs and destroy the economy. They clearly didn’t. The deficit is shrinking rapidly and I’ve already pointed out record job growth. Republicans have done nothing, even threatening to sue the president for doing “too much.”

During the 2000 Presidential campaign, Bush & Cheney insisted that the Clinton economy “wasn’t as good as it would have been if only we had had a Republican president in charge of the Republican Congress. We gave it to him and you saw the result. Now they want you to imagine how much “worse” the recovery would have been if they hadn’t been there to obstruct everything for the past four years. You buying it?

 



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Filed in Economy, Jobs, Partisanship, Politics, rewriting history, Right-Wing Hypocrisy September 1st, 2014 by Admin Mugsy | • No comments | Add/View

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Must a President Be a Failure to Be a Success?

By Admin Mugsy - Last updated: Monday, May 19, 2014

I was watching former Vice President Dick Cheney and his with Lynn pollute my TV screen yesterday on Fox “news” Sunday, and I’m always struck by how stunningly self-UNaware Cheney is about the havoc his administration caused. Naturally, both Cheney’s blamed President Obama for America’s lack of credibility around the world, because he “drew a red line in Syria” (that wasn’t actually crossed), and apparently has nothing to do with the Bush Administration invading Iraq on false pretenses. And naturally, President Obama’s reluctance to send American troops into Syria or Ukraine has nothing to do with the fact we still haven’t finished the LAST war these numbnuts got us into yet couldn’t finish. Our military has been stretched to its near breaking point and the American people have no appetite to see us get involved in yet another war. But tell that to The Vader Family.

(More info on that corner photo. It’s Cheney’s memoir, “My Life” on the right. I snapped this photo with my cell phone at my local grocery store on 9/1/11, the same week the book was released. It was already marked down “40% off” and placed next to a copy of James Patterson’s “Kill Me”. Note: I live in Texas.)

The Bush-II Administration was mind-numbingly incompetent. Yet, President Bush’s approval ratings were never higher than immediately after 9/11… the worst terrorist attack on American soil in history, of which we now know they ignored numerous warnings from the CIA because they were too preoccupied planning the invasion of Iraq. President Clinton said something interesting last week regarding the foiled “Millennium Bomb Plot”, about how no president ever gets credit for the terrorist attacks they thwarted because no one ever knows about them. There’s nothing for people to “rally around”.

And this got me wondering about how when things appear to be going smoothly, no one takes notice or credits the Administration in charge. It’s only during times of upheaval, lurching from crisis-to-crisis that people seem to take notice of the ongoings of Washington. Must a President create & fail in managing multiple disasters before they look like a “Leader” and achieve high approval ratings?

On December 22, 2008, just days before leaving office, Cheney defended President Bush’s record on fighting terrorism. Strange thing though, he could just as easily have been talking about President Clinton’s record without changing a single word:

Let’s look at Bush’s REAL record: Ignored multiple warnings that might have prevented 9/11. Two Recessions. Katrina and the catastrophic consequences of putting a Horse Show director in charge of FEMA. Gas prices explode creating global Economic disaster. Stock Market lost nearly half it’s value (first decline since Hoover). National Debt doubled where it was previously shrinking. Iraq. Never got Bin Laden. The Patriot Act. Began the practice of widespread warrantless domestic wiretaps. A deregulated “credit ratings” industry that led to the biggest banking scandal & bailout in American history.

We already heard Cheney defend the Clinton record. What about Obama? No attacks on US soil. Period. Got Bin Laden. Ended the war in Iraq and is ending the war in Afghanistan this year. A stable and growing economy with both the DOW and S&P 500 closing at record highs last week, NO Recessions. NO FEMA failures. First president to pass sweeping healthcare regulations mandating minimum basic care standards and a competitive market to keep insurance rates down. Housing sales are back on the rise. Created the “Consumer Financial Protection Bureau” to protect consumers from deceptive credit/banking practices.

In a way, President Clinton was a victim of his own success, making the job of president look so easy that even someone like George W. Bush could do it. I don’t think anything believes President Obama has had an easy time of it these past 5+ years, but he sure as heck doesn’t seem to be getting any credit for all the disasters that HAVEN’T taken place on his watch. (Note: the current “VA controversy” has more to do with GOP-underfunding and Bush’s wars dumping an additional two million wounded vets into an already stretched system. Local Administrators cooked the books precisely to deceive Washington, and Republicans want to fire Shinseki because he didn’t know he was being deceived.)
 



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Filed in Economy, Election, General, Partisanship, Politics, Right-Wing Insanity, Seems Obvious to Me May 19th, 2014 by Admin Mugsy | • 1 comment | Add/View

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Keystone XL Protest Signs for Download

By Admin Mugsy - Last updated: Friday, February 28, 2014

As promised, here are seven posters/signs that I created for the Keystone XL Protest that I plan to attend this weekend.

As I mentioned on Monday, I believe it is FAR more effective to focus on NON-CO2 related reasons for opposing the pipeline when your goal is to convince people that don’t believe in “Global Warming” and have been spoon-fed a steady stream of lies of “Job Jobs Jobs”, “cheap gas” and “Energy Independence”, to vote against something they’ve been told would be a magic bullet for the economy.

Previews are in JPG format. Each poster in both “tall” and “wide” formats for signs or posters. Click images to download in high resolution PhotoShop format:


The oil is to be EXPORTED – The oil is to be EXPORTED


HIGHER prices NOT lower –  – HIGHER prices NOT lower


The JOBS myth – The JOBS myth


No good for gasoline – No good for gasoline


Massive Tailing Ponds – Massive Tailing Ponds


An ENORMOUS waste of fresh water – An ENORMOUS waste of fresh water


Summary poster – Summary poster

If you find these posters useful, let us know. – Mugsy
 


 

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Filed in Economy, Energy Independence, Environment, Global Warming, Greed, Jobs, Middle East, myth busting, Politics February 28th, 2014 by Admin Mugsy | • No comments | Add/View

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No, the Keystone Tar Sand Oil is NOT Inevitable

By Admin Mugsy - Last updated: Monday, February 24, 2014

A little birdy tells me that President Obama is now considering approving the final leg of the infamous “Keystone XL” pipeline because some big names on the Left have resigned themselves to the idea that the tar sands making it to market is “inevitable”, so we might as well be the ones to do it before a “less” environmentally conscientious nation “like China” (who is investing heavily in Green energy and focusing on pollution after Beijing started hitting blindingly toxic levels of smog prior to the 2008 Olympics.) Meanwhile, ask North Carolina and West Virginia what they think about our environmental record. Quite honestly, anyone claiming to be “a Liberal” that tells you the KXL “is inevitable so we might as well do it”, isn’t really a Liberal. Because a true Liberal finds the better way. They don’t just throw up their hands and say, “Okay Big Money, you win! I surrender!” Screw you and the Iron Horse you rode in on. That’s like saying, “Wall Street is going to find a way to screw us out of our money anyways so we might as well deregulate the whole damned thing.” No, Naysayers, the tar sands oil making it to market is NOT “inevitable.” Answer me this: That “tar sand” has been there for tens of thousands of years. Why now? Why are we suddenly considering using it “now”? Was there a sudden drop in the supply of oil that I’m not aware of? Are we running out of places to drill? Has OPEC suddenly cut back production because oil is suddenly harder to find? No. The reason… the ONLY reason they are suddenly looking at it is because it’s suddenly economically feasible thanks to the Bush Administration driving oil prices into the stratosphere. In the past, converting tar sand into “oil” was just too damned expensive. Now, with $95/barrel oil, suddenly, the process is cost effective. Wanna stop the tar sand’s from being used, GET THE PRICE OF OIL DOWN. And there’s several ways to do it.

As I reported last week, if the price of oil were to fall $30 to just $65/barrel, excavating the tar sands would no longer be cost efficient. And arguably, I don’t see the U.S. refining tar sand for China. If they want it, they are going to have to ship it someplace else to refine it. Suddenly, we’re not looking at $65/barrel, you’re looking at more like $75/barrel before it becomes too expensive for a foreign country to try an utilize it.

Ever wonder why CANADA doesn’t just simply refine it THERE in Canada? Why not simply build a refinery there rather than bisect the United States with a 1,800 mile long pipeline to the Gulf? Because they plan to EXPORT that oil once it has been refined. No port, no profit. And as long as oil is in the $75+ range, there’s profit to be made. Get that price down, and all your worries about Keystone go too.

I personally believe that protesters that focus on the catastrophic environmental damage the KXL would do are doing themselves a tremendous disservice. If your target audience is people that don’t believe in “Global Warming” and believe in all the lies they’ve been fed about what an economic boom it would be, you might as well be claiming the KXL kills “Spotted Owls” for all the good it would do. No, you’ve gotta hit them where they live. TELL THEM that it WON’T “create a million jobs” like they’ve been told. TELL THEM that it WON’T lower… but in fact RAISE… the price of gas. TELL THEM that it means an enormous 11-foot deep lake of black toxic sludge the size of Central Park (840 acres) in their backyard blighting the landscape, stinking the air, and lowering their property values. Hit them where they live. And be ready to answer question when they ask you to defend your claims. Because as long as these lies are allowed to persist, they become the truth. “Everyone” was gung-ho to invade Iraq over “Weapons of Mass Destruction” that we were literally guaranteed were there (“slam dunk”). But afterward when the weapons didn’t turn up, suddenly everyone realized they had been lied to for someone else’s personal gain and WE were stuck with the check.

I plan on taking part in a “Stop the Keystone XL pipeline” protest this Saturday, and I hope to create some nice “ready-to-print” signs that I can distribute in file format to fellow protesters. If I do, I’ll be sure to post them here on M.R.S. for free download sometime this week.
 



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Filed in Economy, Energy Independence, Environment, Global Warming, Jobs, Money, myth busting, Seems Obvious to Me February 24th, 2014 by Admin Mugsy | • No comments | Add/View