Monday, June 20, 2011

Headlines - Monday June 20

 
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For the second year in a row, student loan debt exceeds credit card debt in the United States.
 
This is seriously limiting access: A recent report by the federal Advisory Committee on Student Financial Assistance found that in 2004, only 40 percent of qualified students from low-income families enrolled in four-year institutions of higher education, compared with 54 percent in 1992. The report blames the bulk of this reduction on rising costs.
 
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Hey guys, remember the time when the GOP went nuts and started doing minstrel shows? Me Neither! Well, anyway, it seems that they learned their lesson and actually hired someone else to do funny Barack Obama impersonations at the Republican Leadership Conference in New Orleans Saturday, courtesy of impersonator Reggie Brown.
"My favorite month is February, Black history month," the fake Obama said. "Michelle celebrates the full month, and I celebrate half." "My mother loved a black man and no she was not a Kardashian," he added. Fake Obama showed a photo of what how aged he will look at the end of his first term and it was a shot of Sanford from the Sanford and Son.

All that was OK, but when he started taking on the stars of the 2012 Goat Rodeo he was boo'ed and literally ushered off stage:

Fake Obama began to make fun of Rep. Michele Bachmann (R-Minn.), but then he was suddenly ushered off stage.

I'm sure the audience just thought he was being uppity.

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Missing Iraq money may be as much as $18 billion.

I can think of so many better things to do with $18 billion dollars other than shrink-wrapping it and shipping it to Iraq on wooden pallets only to have it disappear. I'm not going to dive into conspiracy theories right now, but I will say the whole thing stinks.

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Obama Wins Nobel War Prize

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"We'll Create Jobs This Time, Trust Us."

Large corporations want a tax break to bring foreign profits back into the U.S., telling the politicians that they will use the money to create lots and lots of jobs.

The problem for them is that they got that tax break six years ago and they did nothing of the sort. In point of fact, they did just the opposite:
60 percent of the [tax break] benefits went to just 15 of the largest United States multinational companies — many of which laid off domestic workers, closed plants and shifted even more of their profits and resources abroad in hopes of cashing in on the next repatriation holiday.
They also used the money to buy back stock and pay their executives even more lavishly. The end result for job creation and R&D was this: Not a frelling thing:
"For every dollar that was brought back, there were zero cents used for additional capital expenditures, research and development, or hiring and employees wages," said Kristin J. Forbes, a professor of economics at the Massachusetts Institute of Technology's Sloan School of Management who was a member of President Bush's council of economic advisers.
Congress and the Administration should not fall for this bullshit now. But Congress will, as the Republicans will do whatever the corporations want and there are enough Democrats in the Senate who will do the same.

As it has been for the last thirty years, the rich get richer and the middle class and the working poor continue to bump along.


Lots more graphs here.

There is even an argument that technology is draining money from the wage-earning people. In 1980, there was one telephone line per household and maybe cable TV. Now, there is cable, internet (rapidly becoming mandatory for a decent education) and cell phones. A $75 phone bill in 1980 would be a cause for concern and parental screaming at whoever was making those calls, but families easily will spend over $200 a month now for all of that crap and possibly a lot more.
 
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Prommie writes in the comments to this post about the above-mentioned Nixonian horrorshow:
 
This is a little bit scary, yes, a tad unsettling, but then you read elsewhere in the news that the Whitehouse has also announced a major initiative to crack down hard on marijuana, the killer weed that is luring so many of our young women into white slavery and destroying the lives of so many young men, turning them into axe-wielding homicidal maniacs, then you realize, Obama has his priorities straight. Wars and conflagrations, double-dip depression, rampant financial fraud and market manipulation, unlimited political propagandizing and electioneering by the billionaire corporatocracy, voter suppression, corruption and conflict of influence even on the Supreme Court, and Obama is going after dirty hippie peaceniks, union organizers, and pot smokers. That's our Unicorn!
 
 
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Digby on the media concerning Washington sex scandals:  ... The juvenile glee with which they pore over the most salacious details is best described as Beavis and Butthead go to Washington.
 
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Voter fraud!

E. J. Dionne on Republicans' efforts to disenfranchise younger voters in 2012:

In Texas, for example, the law allows concealed handgun licenses as identification but not student IDs. And guess what? Nationwide exit polls show that John McCain carried households in which someone owned a gun by 25 percentage points but lost voters in households without a gun by 32 points.

Predictably, the media is ignoring most of this and the Supreme Court is upholding it all.

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Jon Stewart appears on Fox news, calls viewers misinformed.

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Excellent piece by Mark Warren at the Esquire Political Blog on why "The Republicans Pray for Rain — and Rick Perry":

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Ignorance always works for the coathanger coalition

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Public education is the foundation of democracy - so Repugs are killing it.

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Marmot

Brandon Keim interviews Jonathan Balcombe, author of The Exultant Ark: A Pictorial Tour of Animal Pleasure on why their feelings matter:

One [study], of starlings, concluded that these birds become optimistic or pessimistic based on living conditions. Another showed bereavement in baboons. Pessimism and optimism and bereavement are not fleeting feelings. Studies like these show that animals' emotional states are not just a series of snapshots. They are beings who have long-term emotional states

(Photo: A hoary marmot wandered through a park sniffing each flower. Balcombe cautions: "We should be guarded before we assume that we're the only gourmands in the world.")

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Dying man reunited with dog.

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