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Archive for June 20th, 2010

I Knew The Daily Mail Worshipped Hitler

Posted by Phoenix Woman on June 20, 2010

But I didn’t know that it was behind a fake-letter scandal that was used to bring down the first Labour government in the 1920s.

“For politicians of Livingstone’s generation and ideology, the Daily Mail is, as it were, a blue rag. They call it the “Forger’s Gazette” because of the Labour-damaging fake “Zinoviev letter” in the 1920s. They refer constantly to the paper’s soft line on Hitler in the 1930s and its infamous 1934 “Hurrah for the Blackshirts” headline.” The Guardian, 25th February 2006

“Newly released documents reveal how in the 1930s its (Daily Mail’s) treacherous proprietor heaped grovelling praise on Adolf Hilter and the Nazis, sparking calls from Jewish groups and MPs for the newspaper to say sorry. Daily Mail boss Lord Rothermere, grandfather of the current chairman, described his psychotic hero as “superhuman” and suggested Britain and Germany should unite to rule the world.” The Daily Express, 2nd April 2005

No wonder why it’s called “The Forger’s Gazette”.

Posted in Nazis, Tories | Comments Off on I Knew The Daily Mail Worshipped Hitler

Understanding where the mortgage crisis work-through is today

Posted by Charles II on June 20, 2010

Calculated Risk has an extremely important explanation of where we are in the real estate crisis, with the following graphic expressing the key information:

(Graphic from Calculated Risk, who got it from economist Tom Lawler)

The bottom three bars are repossessed properties owned by the US government. Notice that that has been rising, perhaps indicating that bad mortgages are being offloaded onto the government through the secondary market or perhaps simply indicating that the general default rate has been rising, or both.
Read the rest of this entry »

Posted in deficit, financial crisis, mortgage crisis | 2 Comments »

Pity Washington DC

Posted by Phoenix Woman on June 20, 2010

All of its major newspapers are in the hands of neocons or paleocons, and none of them have your interests at heart.

Case in point: Wall Street billionaire Pete Peterson, the Nixon Cabinet member who has been trying to destroy Social Security for the past two decades in the name of “fixing the deficit”, apparently now shares control of the WaPo’s newsroom with Fred Hiatt and can dump anti-SocSec and anti-Medicare pieces from his Fiscal Times propaganda rag into the Post whenever he wants:

It told readers that: “On the fiscal commission, Stern [Andy Stern, former head of the Service Employees International Union, one of members highlighted in the piece] is already looking for ways to break through the ideological camps on deficit-reduction.” In fact, individuals who are not motivated by ideology would note that the country’s projected long-term deficit problem is driven almost entirely by the broken U.S. health care system.

If per person health care costs were the same in the United States as in any other wealthy country, then the projections would show huge budget surpluses rather than deficits. It also should be possible for the people in the United States to take advantage of lower cost health care systems elsewhere even if the power of special interests like the insurance and pharmaceutical industry prevent reform here. This basic fact should feature prominently in any discussion of the long-term deficit that is not motivated by ideology. It is never mentioned in this piece.

But of course this is all part of the Southern Strategy: The corporate-religious bigot alliance to con white working-class Americans into voting for corporate tax cuts and against their own economic interests as a way to hurt people with darker skins than theirs. Once again, I bring Reagan advisor Lee Atwater back from the grave, all the way from 1981, to explain:

”You start out in 1954 by saying, ‘Ni–er, ni–er, ni–er.’ By 1968 you can’t say ‘ni–er’ — that hurts you. Backfires. So you say stuff like forced busing, states’ rights and all that stuff. You’re getting so abstract now [that] you’re talking about cutting taxes, and all these things you’re talking about are totally economic things and a byproduct of them is [that] blacks get hurt worse than whites.

”And subconsciously maybe that is part of it. I’m not saying that. But I’m saying that if it is getting that abstract, and that coded, that we are doing away with the racial problem one way or the other. You follow me — because obviously sitting around saying, ‘We want to cut this,’ is much more abstract than even the busing thing, and a hell of a lot more abstract than ‘Ni–er, ni–er.”’

This is why his fellow Republicans were and are so angry at Michael Steele, who while he tries to be a good Republican has this unfortunate habit of remembering that he is a black man, and thus is incapable of hewing to the GOP lie that the Southern Strategy was never used after Nixon’s time. It is, in fact, not only still in use today, it is the basis of all Republican and conservative actions worth dignifying with the name.

Posted in 'starving the beast', (Rich) Taxpayers League, deficit, distractions, Pete Peterson, phony scandals, privatization, safety net, Silver Spoon Squad, Social Security, Southern Strategy | 3 Comments »

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