Monday, March 30

Losing Focus

Johnathan Chait, senior editor at the New Republic, made an interesting--not entirely genius, but interesting--in the recent online publication noting that,
Obama has come into office having won the popular vote by seven percentage points, along with a 79-seat edge in the House, a 17-seat edge in the Senate, and massive public demand for change. But it's already clear he is receiving less, not more, deference from his own party. Democrats have treated Obama with studied diffidence, both in their support for the substance of his agenda and (more importantly) their willingness to support it procedurally.

It really makes one wonder where the President's focus really is.

http://www.tnr.com/politics/story.html?id=07bd4a20-60a7-44a9-ab92-115eeb62bd92

Thursday, March 26

North Korean Missiles

It appears as though North Korea is preparing for a missile launch--to the backlash of South Korea, and the rest of the free world. They just can't seem to figure it out can they?

http://www.voanews.com/english/2009-03-26-voa6.cfm

Wednesday, March 25

Global Currency

Geithner 'open' to China proposal
By: Ben Smith
http://www.politico.com/blogs/bensmith/0309/Geithner_open_to_China_proposal.html?showall

Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary."

"I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense.

"We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said.

"The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he’s thinking about deserves some consideration."

The continued use of the dollar as a reserve currency, he added, "depends..on how effective we are in the United States...at getting our fiscal system back to the point where people judge it as sustainable over time."

President Obama flatly rejected the notion of a new global currency at last night's press conference.

UPDATE: Evidently sensing a gaffe, moderator Roger Altman told Geithner that it would be "useful" to return to the question, and asked if he foresaw a change in the dollar's centrality.

"I do not," Geithner said, adding several forceful promises, including, "We will do what's necessary to say we're sustaining confidence in our financial markets."

Wednesday, March 11

Wednesday, February 11

A Governor's Entitlement Disorder

With a 114-1 vote on what would have been Richard Nixon’s 95th birthday, Governor Rod Blagojevich was impeached by the Illinois House. Among other charges, the ousted governor faced what the house described as an, “abuse of power by engaging in a plot to obtain a personal benefit.” The impeachment came as no great to surprise to Illinoisans, and the former governor claimed no surprise in his own press conference, to which he inexplicably showed up twenty-four minutes late.

Several generations of corrupt governors have plagued Illinois’ history with scandal; nearly, “20% of the state's chief executives [have been] indicted or convicted of felonies in the past century.” With a century of foul politics, Blagojevich couldn’t avoid joining in on the fun. Nonetheless, the former governor touts his innocence, and he’s repeatedly refused to accept any guilt or wrong-doing.

Blagojevich—a man no taller than 5’8”—is easily recognizable by his boyish face and mop of floppy 1970’s news anchor hair. He always carries a black hairbrush. He likes long morning jogs. He’s the son of a Serbian immigrant. He’s led the state of Illinois since 2003 after taking office on the promise to clean out the state’s corrupt bowels.

Blagojevich wanted to help the people of his state; the people received help; therefore, the people were helped by him. Unfortunately for the former governor, evidence suggests he only wanted to help himself. Mentioning things like, “We should have been more selfish, not selfless,” does not seem to bolster his case. The former governor was referencing the trips Lt. Governor Pat Quinn has taken in the past for trade meetings—Blagojevich felt he should have gone further to abuse his position’s power. Beyond disinterest in helping the state, he instead harmed the citizens he claimed he’d try to support. In a practical sense, he wasted taxpayer funds like a child throwing pennies into a pond—except the pond was a tollway along the lakefront and the pennies were thousands of dollars.

Nearly a half-million dollars were spent on signs over the Illinois tolls; the governor had his name on the 32 large blue signs across the state as a testament to himself and his power. Illinois owes Blagojevich something, or so he felt. In the wiretap recordings discussing the sale of the senate seat, he displays his boldness stating, “I’ve got this thing and it’s [sic] golden, and, uh, uh, I’m just not giving it up for [sic] nothing.” It’s a miracle the man could even fit through a doorway with the ego he carries and an even greater miracle that anyone could stand to live with him.

His displaced entitlement devoured his relationships and as with all thoroughly corrupt politicians, he managed to anger the relatives of his wife in the process. It would seem that the family would be a last-bastion of support and defense but naturally, Blagojevich managed to lose his final supporters. Chicago Alderman Dick Mell is the father of Blagojevich’s wife, Patti. Several years back, he went public, “claiming Blagojevich was trading positions for money—a charge that surely caught the attention of prosecutors.” While the Alderman recanted his statement, the relationship between the governor and the ‘governor-in-law’ had been forever changed.

To consider Blagojevich’s case, there are a few potential explanations for his claims of innocence. The first is the simplest: he’s so sure he did everything with the best of intentions that he’s convinced himself he’s innocent. He ought to consider applying this option on the senate jury—could prove useful. The second alternative is less likely, but perhaps more believable: he meant there to be money in the state budget that didn’t exist when he used fiat for every program imaginable, and therefore, wouldn’t have wrecked the state’s finances. While that still has nothing to do with the sale of President Obama’s previous senate seat, it couldn’t hurt in the courtroom.

The final possibility is a stretch, but not altogether impossible: “Potty Mouth Patti” has been the one in control the whole time and is letting Rod take the fall for her plan after hearing rumors of his sexual indiscretions. Ultimately, none of these scenarios would be able to change the fact that he was voted America’s ‘least favorite governor’—even before the recent investigation began. That’s the kind of title you engrave on your headstone with pride, The Best at Being the Worst.

With the many rumors of corruption, Illinois residents were quickly convinced the former governor would soon be caught, and yet 6 years passed with his name on the tolls. Then, residents were certain that United States Attorney Patrick Fitzgerald’s investigation would quickly cause Blagojevich to resign. Once again, the investigation went on for months while Blagojevich continued to govern. Residents were assured that the senate would never accept an appointment by Blagojevich to the vacant seat, and then Roland Burris happened.

In the final gasps of power, Blagojevich managed to wield his remaining power to appoint his man to the seat. Fatefully, the Secretary of State Jesse White rejected Burris, despite court rulings that the appointment was legal. If there’s any pattern that can be interpolated from this mess, it becomes clear that Illinois is one screwy place for politics.

The argument could be taken further that maybe Blagojevich is actually a really great politician. He’s recognized that the usual rules of politics do not apply in Illinois and went full steam ahead with the hope that his innocence plea could actually work. All possibilities considered, he incredulously sticks to his claims of innocence. Maybe he really is.

Perhaps the Illinois house is on the wrong side of the issue; 65% of Illinoisans are on the wrong side; everyone in the media and blogosphere are on the wrong side. When the impeached governor can finally get past the facts, his name will surely be restored to its previous dull luster—befit of recent Illinois governors. Realizing the impeachment stripping his right to government vehicles, he muttered, “I wonder if we’ll have to hitchhike home. Maybe we could take the bus.”