Working Life

One of the great myths that created the seeds of the financial crisis was that the ratings agencies–Standard and Poor and Moody’s–where “independent”. What a crock–the ratings agencies gave positive ratings to the crummy debt securities that were at the heart of what led to millions of people losing their jobs and they have been the water boys for the financial elite who peddled this crap. Now, we have a conviction of S&P: Guilty in a court of law.

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You can try to divine the various political strategies — from ad campaigns to get-out-the-vote operations — to try to understand how the election is going to turn out. But, one simple fact is the most persuasive: the Republican Party is filled with nuts.

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The enduring mystery — thought perhaps it isn’t a mystery when you dig deep enough — is why liberals/progressives have never taken stock of their complete failure at taking advantage of the greatest crisis in the so-called “free market” in half a century. This comes to mind when you ponder the somewhat comical hand-wringing underway among the leaders of the progressive movement over the prospects of a “grand bargain” around government fiscal policy.

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This is a simple straightforward post. I have argued that the election was over in the Spring. But, how much was that picture Obama had with Chris Christie worth? I reckon a 300-plus electoral vote win.

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I am always looking for someone to get out from the idiotic discussion about the phony debt and deficit crisis. Thanks, Rich Trumka.

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Cleaning up email, with one eye on big Sandy, I happened to catch this important observation: neither presidential candidates wants to talk about the tens of billions of dollars being sheltered abroad.

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The fun part of an election is not listening to the idiots on television or obsessing about polling — those are not things that win elections. It’s the knocking on doors that matters. And that’s why, personally, I don’t worry much about Election Day.

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For those of you in the obsessed political junkie group, this is an interesting bit of data to consider: early voting numbers. It’s from my old New York buddie, Patrick Gaspard, executive director of the Democratic National Committee.

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Today I cast my ballot for president for Paul Wellstone. Ten years ago today, Paul died in a plane crash. I remember him each year to keep his memory alive because what he stood for was a sane, decent, inspiring world.

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So, it’s easy to capture our predicament today–though you’d never get that from the transcribers of press releases (formerly known as “journalists”). Here is is neatly summed up: we’ve been robbed, only little fish are being held accountable for relatively small crimes and, even more to the point, in a political rhetorical world where shareholders are revered, the shareholders are being left to pay the bill.

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