Showing posts with label hillary clinton. Show all posts
Showing posts with label hillary clinton. Show all posts

Thursday, January 14, 2010

Athena, On Parade

The Morning Joe Rebuttal for January 14th, 2010


Observations:


1) Mika, Elizabeth Warren, Hillary Clinton, Valerie Jarrett, Erin Burnett, Kathleen Sebelius, Today’s Ann Curry: every guest of consequence was female today and with all of the talk of Anne Kornblut's book documenting the glass ceiling, it appears Mika Brzezinski has other ideas. The powerhouse performance by Valerie Jarrett, shows an administration evolving and brings us hope that 2010 will have a new face to replace the 2009 sit on the sidelines and let the vacuum rule version. Hillary Clinton is always a powerhouse, and the tapping of Bill Clinton and George W. Bush, is an important step, even if artificial, to help the shouting men in opposing camps take a breath for a second, and remind a country what unity feels like.


This guest parade is not by design, but it’s a telling coincidence especially in the face of a disaster that the face of leadership today of all days had a female lead.


2) It can be said that real reform in our country has happened maybe twice in our generation’s adult life, since LBJ. Once when Ronald Reagan reformed how our income taxes worked, and once when George W. Bush reformed another country, Iraq. Some may want to argue about welfare reform, but we won’t see the effect of that reform until this first real recession since it’s inception plays out and see if we made life during difficult times better or worse.


That Bush wants to call prescription drug revisions on his watch reform, and that Obama is trotting out the word reform on his revision of health services should fall under FCPA “truth in advertising ” statutes. The reason that this is germane towards today’s conversation is the mandate in Massachusetts. Those people aren’t scaring the daylights out of Democrats because they want a Republican. It’s a referendum on the bait and switch that’s gone on for two years now by the Obama administration. The progressives feel baited by a promise of real reform, and are stunned that the Obama camp conceded the high ground without a fight.


There is some of the misleading activity still going on, with the anti trust repeal threats, the national exchange endorsement, the union meetings. But the verdict win or lose in Massachusetts is that Obama is wolf boy until proven otherwise. The ball is in your court.


2) The Warren interview appeared to be a fraction of its possible outcome. The chief missing element was not connecting the dots from the prized Andrew Ross Sorkin statement yesterday about “the greatest transfer of wealth in our lifetime". Let me remind you that part of the show’s mission has to be about finding consensus. That criticism for the ARS statement yesterday was about 6 months of omission of an obvious megatrend being very disturbing, to omit it again with both Warren and Jarrett today, I feel like you should give your paycheck back.


And this thing that Erin Burnett brought up about the scapegoating of the banks by the administration is indefensible. That’s like going to a Miami bank with Tony Montana standing outside with a machine gun, and saying you guys are fine laundering, its that drug dealer that’s the whole problem. The banks provided a necessary vehicle to the hedge funds in the market collapse that was a violation of their fiduciary responsibility by any version of universal law. The fact that they had lobbied our legislative bodies to legalize portions of the crime doesn’t make it OK, especially given the disastrous outcomes. The message at the end of the day is that there will always be Tony Montanas and hedge funds, but by being a bank you are expected by custodial provision to be high enough on the food chain to not make a problem exponentially worse for profit.


Erin’s usually the sharpest in the room on financial matters, but a great amount of care has to be levied to counterbalance what will be a white noise war coming from people on her right in the coming days, as they crouch into fox holes and will apparently try to put a lipstick anywhere that might help or at least distract their foes.


At the end of the day, Obama will win if the next bank is scared into saying we better get some proportion of all loans to domestic growth industries else we appear to be in need of rehab. I’d call it reform, but let’s keep expectations bounded by facts on the ground.


That’s all for today, see you tomorrow

Tuesday, January 12, 2010

Morning Joe Misses Hindenburg, Tackles Small Chinese Balloon Instead

The Morning Joe Rebuttal for January 12th, 2010


Observations:


1) Well thank goodness the offensive repetition count was lower today, but Joe Scarborough is unending in his "coverage" of the apparent double standard in the Reid story, when no one cared about it anymore. This story belonged with Snooki somewhere today and yet, while less of a leader than yesterday, still had 51% of airtime. It’s a sad state of affairs and it seemed that the center of the revival was that a junior MSNBC writer overnight remembered Officer Crowley, thus, apparently the holy grail of the double standard was uncovered.


For me, rather than weigh in where it’s useless to, the only merit to asking for a quick end to this episode is that you will need your credibility later, arguing race is like arguing with a 5 year old, you just don’t do it, and bottom line, you might be being duped, and might harbor regret in the near future that you couldn’t see it in real time.


2) I just won’t rest on the lack of inclusion of the Wall Street bonus scandal in the Morning Joe program. It is an absolute atrocity that one of the chief advertisements for the show, run incessantly on MSNBC, involves Joe Scarborough quoted as saying “the endless pursuit of class warfare just won’t work”. Look, I think the show needs a life coach to tell them that 4 months ago when Joe’s name was on tip sheets everywhere as the next Fred Thompson, he was getting traction on a populist basis. To abandon that basis by focusing the show anywhere but the Wall Street scandal is a dilution of the show’s star’s character.


The administration's bank fee as it was divulged is lip service. The show also divulged that by the enactment of the campaign for the bank fee, the administration is in fact conceding that they are powerless to enact any reversal of a 24 trillion dollar heist that is more on their watch than the previous administration’s. That Tim Geithner is obstructing the release of information regarding the terms of the Fed bailout and the internal emails of AIG, a company the US is currently a custodian of, ad continuum without media scrutiny, is a hit on the long standing media bias claim of this show and others.


Yes, media is selective, yes it is sometimes seduced by perceptions of right and wrong rationalizing levels of coverage and intent. There is no doubt at this point that the New York Times caused Fox News. But your job, if you can really tell when they’re lying, is to confront those lies and those crimes, and not hack at the useless sand of race instead.


3) Bill and Hillary Clinton did an awful lot for the United States of America, and continue their work today. They had a powerful, insider savvy, protecting layer of professional managers marshaled to counterbalance the machine of their opposition. An opposition machine whose size, effectiveness and magnitude is unimaginable to 99.9% of the population. At the end of the day these were just two individuals who drew up an architecture. They knew what they were facing, got out a calculator, and said simply: “to beat them if they’re this big, we will need this support (Bill Gates), this lever (New York Times), this budget (Hollywood, George Soros), this visualization (Steven Spielberg), and this message (Fleetwood Mac) and a Canada-sized truckload of luck.


That the architecture worked will be covered in political science manuals forever. That it showed the difference between campaigning and governing will as well. That it was the phenomenon that made a next generation phenomenon possible, the Clintons created the atmosphere that Obama advanced, will over time to be accepted as political evolutionary fact.


To see them betrayed in these last few days, isn’t heart breaking or even disappointing. It’s a nod to their prowess. They are in fact just two individuals who thumbnailed a plan and executed it to heights before unseen.


That’s all for today, see you tomorrow.