HOME



Digby's Hullabaloo
2801 Ocean Park Blvd.
Box 157
Santa Monica, Ca 90405



Twitter:
@digby56
@DavidOAtkins

emails:
Digby:
digbysez at gmail
David:
isnospoon at gmail
Dennis:
satniteflix at gmail








Infomania

Salon
Buzzflash
Mother Jones
Raw Story
Huffington Post
Slate
Crooks and Liars
American Prospect
New Republic
Common Dreams
AmericanPoliticsJournal
Smirking Chimp
CJR Daily
consortium news

Blog-o-rama

Eschaton
BagNewsNotes
Daily Kos
Political Animal
Driftglass
Firedoglake
Taylor Marsh
Spocko's Brain
Talk Left
Suburban Guerrilla
Scoobie Davis
Echidne
Electrolite
Americablog
Tom Tomorrow
Left Coaster
Angry Bear
oilprice.com
Seeing the Forest
Cathie From Canada
Frontier River Guides
Brad DeLong
The Sideshow
Liberal Oasis
BartCop
Juan Cole
Rising Hegemon
alicublog
Unqualified Offerings
Alas, A Blog
RogerAiles
Lean Left
Oliver Willis
skippy the bush kangaroo
uggabugga
Crooked Timber
discourse.net
Amygdala
the talking dog
David E's Fablog
The Agonist


Saturday Night at the Movies by Dennis Hartley review archive

01/01/2003 - 02/01/2003 02/01/2003 - 03/01/2003 03/01/2003 - 04/01/2003 04/01/2003 - 05/01/2003 05/01/2003 - 06/01/2003 06/01/2003 - 07/01/2003 07/01/2003 - 08/01/2003 08/01/2003 - 09/01/2003 09/01/2003 - 10/01/2003 10/01/2003 - 11/01/2003 11/01/2003 - 12/01/2003 12/01/2003 - 01/01/2004 01/01/2004 - 02/01/2004 02/01/2004 - 03/01/2004 03/01/2004 - 04/01/2004 04/01/2004 - 05/01/2004 05/01/2004 - 06/01/2004 06/01/2004 - 07/01/2004 07/01/2004 - 08/01/2004 08/01/2004 - 09/01/2004 09/01/2004 - 10/01/2004 10/01/2004 - 11/01/2004 11/01/2004 - 12/01/2004 12/01/2004 - 01/01/2005 01/01/2005 - 02/01/2005 02/01/2005 - 03/01/2005 03/01/2005 - 04/01/2005 04/01/2005 - 05/01/2005 05/01/2005 - 06/01/2005 06/01/2005 - 07/01/2005 07/01/2005 - 08/01/2005 08/01/2005 - 09/01/2005 09/01/2005 - 10/01/2005 10/01/2005 - 11/01/2005 11/01/2005 - 12/01/2005 12/01/2005 - 01/01/2006 01/01/2006 - 02/01/2006 02/01/2006 - 03/01/2006 03/01/2006 - 04/01/2006 04/01/2006 - 05/01/2006 05/01/2006 - 06/01/2006 06/01/2006 - 07/01/2006 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 09/01/2006 - 10/01/2006 10/01/2006 - 11/01/2006 11/01/2006 - 12/01/2006 12/01/2006 - 01/01/2007 01/01/2007 - 02/01/2007 02/01/2007 - 03/01/2007 03/01/2007 - 04/01/2007 04/01/2007 - 05/01/2007 05/01/2007 - 06/01/2007 06/01/2007 - 07/01/2007 07/01/2007 - 08/01/2007 08/01/2007 - 09/01/2007 09/01/2007 - 10/01/2007 10/01/2007 - 11/01/2007 11/01/2007 - 12/01/2007 12/01/2007 - 01/01/2008 01/01/2008 - 02/01/2008 02/01/2008 - 03/01/2008 03/01/2008 - 04/01/2008 04/01/2008 - 05/01/2008 05/01/2008 - 06/01/2008 06/01/2008 - 07/01/2008 07/01/2008 - 08/01/2008 08/01/2008 - 09/01/2008 09/01/2008 - 10/01/2008 10/01/2008 - 11/01/2008 11/01/2008 - 12/01/2008 12/01/2008 - 01/01/2009 01/01/2009 - 02/01/2009 02/01/2009 - 03/01/2009 03/01/2009 - 04/01/2009 04/01/2009 - 05/01/2009 05/01/2009 - 06/01/2009 06/01/2009 - 07/01/2009 07/01/2009 - 08/01/2009 08/01/2009 - 09/01/2009 09/01/2009 - 10/01/2009 10/01/2009 - 11/01/2009 11/01/2009 - 12/01/2009 12/01/2009 - 01/01/2010 01/01/2010 - 02/01/2010 02/01/2010 - 03/01/2010 03/01/2010 - 04/01/2010 04/01/2010 - 05/01/2010 05/01/2010 - 06/01/2010 06/01/2010 - 07/01/2010 07/01/2010 - 08/01/2010 08/01/2010 - 09/01/2010 09/01/2010 - 10/01/2010 10/01/2010 - 11/01/2010 11/01/2010 - 12/01/2010 12/01/2010 - 01/01/2011 01/01/2011 - 02/01/2011 02/01/2011 - 03/01/2011 03/01/2011 - 04/01/2011 04/01/2011 - 05/01/2011 05/01/2011 - 06/01/2011 06/01/2011 - 07/01/2011 07/01/2011 - 08/01/2011 08/01/2011 - 09/01/2011 09/01/2011 - 10/01/2011 10/01/2011 - 11/01/2011 11/01/2011 - 12/01/2011 12/01/2011 - 01/01/2012 01/01/2012 - 02/01/2012 02/01/2012 - 03/01/2012 03/01/2012 - 04/01/2012 04/01/2012 - 05/01/2012 05/01/2012 - 06/01/2012 06/01/2012 - 07/01/2012 07/01/2012 - 08/01/2012 08/01/2012 - 09/01/2012 09/01/2012 - 10/01/2012 10/01/2012 - 11/01/2012 11/01/2012 - 12/01/2012 12/01/2012 - 01/01/2013 01/01/2013 - 02/01/2013 02/01/2013 - 03/01/2013 03/01/2013 - 04/01/2013 04/01/2013 - 05/01/2013 05/01/2013 - 06/01/2013 06/01/2013 - 07/01/2013 07/01/2013 - 08/01/2013 08/01/2013 - 09/01/2013 09/01/2013 - 10/01/2013 10/01/2013 - 11/01/2013 11/01/2013 - 12/01/2013 12/01/2013 - 01/01/2014 01/01/2014 - 02/01/2014 02/01/2014 - 03/01/2014 03/01/2014 - 04/01/2014 04/01/2014 - 05/01/2014 05/01/2014 - 06/01/2014 06/01/2014 - 07/01/2014 07/01/2014 - 08/01/2014 08/01/2014 - 09/01/2014


 

This page is powered by Blogger. Isn't yours?

Hullabaloo


Saturday, January 25, 2014

 
It looks like somebody got the word: Income inequality is out, "ladders of opportunity" is in

by digby

Perhaps you were unaware that discussions of income inequality is just like Hitler, but it is. At least according to this man who is worth at least 8 billion dollars. From the Wall Street Journal letters section under the headline: “Progressive Kristallnacht Coming?”
Regarding your editorial "Censors on Campus" (Jan. 18): Writing from the epicenter of progressive thought, San Francisco, I would call attention to the parallels of fascist Nazi Germany to its war on its "one percent," namely its Jews, to the progressive war on the American one percent, namely the "rich."

From the Occupy movement to the demonization of the rich embedded in virtually every word of our local newspaper, the San Francisco Chronicle, I perceive a rising tide of hatred of the successful one percent. There is outraged public reaction to the Google buses carrying technology workers from the city to the peninsula high-tech companies which employ them. We have outrage over the rising real-estate prices which these "techno geeks" can pay. We have, for example, libelous and cruel attacks in the Chronicle on our number-one celebrity, the author Danielle Steel, alleging that she is a "snob" despite the millions she has spent on our city's homeless and mentally ill over the past decades.

This is a very dangerous drift in our American thinking. Kristallnacht was unthinkable in 1930; is its descendent "progressive" radicalism unthinkable now?

Tom Perkins

San Francisco

Mr. Perkins is a founder of Kleiner Perkins Caufield & Byers
Because there's very little difference between raising taxes and sending someone to Auchwitz. It might even be worse. You know how much harder it is for rich people to be forced to give up even the tiniest bit of money than any kind of tragedy is for the rest of us. They're sensitive.

(Quite honestly, I think the most shocking part of that letter is the assertion that Danielle Steele is San Francisco's number one celebrity. The place really has gone downhill since I lived there. Sheesh, you'd think he'd at least claim Clint Eastwood. He hates taxes too.)

But it looks as though Mr Perkins can relax. The big shot Democrats have this well in hand:
Income inequality is out, "ladders of opportunity" is in.

Eager to dispel claims that President Barack Obama is engaging in "class warfare" as he heads into his State of the Union address next week, the White House is de-emphasizing phrases focusing on economic disparity and turning instead to messages about creating paths of opportunity for the poor and middle class.

The adjustment reflects an awareness that Obama's earlier language put him at risk of being perceived as divisive and exposed him to criticism that his rhetoric was exploiting the gap between haves and have-nots.

On Dec. 4 Obama delivered a sweeping economic address where he declared that "increasing inequality is most pronounced in our country, and it challenges the very essence of who we are as a people." He used the word "inequality" 26 times in his speech that day.

A month later the word has all but disappeared at the White House. In his most recent remarks about his economic agenda, the president made no mention of chasms between rich and poor. Rather, he stressed policies that help move low income people into the middle class.
Golly, I wonder what made them change? Whatever it was, it seems to be a bipartisan shift:
"What you want to do is focus on the aspirational side of this, lifting people up, not on just complaining about a lack of fairness or inequality," said Paul Begala, a former top adviser to President Bill Clinton who consults with White House officials. "Watch the State of the Union, I'd be surprised if he uses phrases like inequality, which suggests a leveling down. If you talk about the middle class, it suggests a lifting up."

Obama's December speech was well received by Democrats and liberals, but conservatives jumped on it, arguing that Obama was laying a foundation for economic redistribution.

"I think the administration is playing with dynamite," Karl Rove, the former adviser to President George W. Bush, said earlier this month on Fox News. "The more this becomes a question of taking from those who have to those that don't have, the more they engage the American people in a very negative way for the administration."

And the last thing you want to do is have the president lose his credibility with conservatives. Why, they might stop meeting him half way.
A new poll by the Pew Research Center and USA Today illustrates Obama's message challenge. The poll found that nearly two out of three surveyed believe that the gap between the rich and everyone else has grown in the last 10 years, a view held by majorities across political party lines. But the poll found that Democrats and Republicans disagreed sharply on whether the government should intervene to close the gap. Among Democrats 90 percent said government should act whereas only 45 percent of Republicans said the same thing.
There you go. Democrats and Republicans disagree. So the the only logical for this administration to do is to back away sharply from the position favored by its supporters. How embarrassing that result must have been for them.
"Anytime a Democrat mentions inequality, suddenly they're a raging populist," said Jon Favreau, Obama's top speech writer until he left the White House a year ago. "What's he's talking about he's been talking about since 2004, 2005."

"Any capitalist country has inequality and that in itself is not necessarily a bad thing," Favreau said. "What most concerned him is mobility."
It's actually getting quite boring tracking the administration feints and retreats on these issues. The president clearly would like to be able to say some populist stuff that his supporters want to hear. But the Big Money Boyz are very sensitive about this and he's not going to cross them. Make no mistake, there are no policy proposals coming from anyone of either party that would seriously erode this wealth inequality. That's simply out of the question. What has everyone so agitated is populist rhetoric, which these narcissists see as akin to being a powerless minority attacked by the state. And that means the president and his men have to fall back on "meritocracy" and mobility tropes that ensure these narcissists will remain on top. That's where the money is.

As Chris Hayes explained in his book, "Twilight of the Elites":
The Iron Law of Meritocracy states that eventually the inequality produced by a meritocratic system will grow large enough to subvert the mechanisms of mobility. Unequal outcomes make equal opportunity impossible. The Principle of Difference will come to overwhelm the Principle of Mobility. Those who are able to climb up the ladder will find ways to pull it up after them, or to selectively lower it down to allow their friends, allies and kin to scramble up. In other words: “Who says meritocracy says oligarchy.”
Meanwhile, in other oligarch news, I'm sure you've all heard by now that Jamie Dimon got a great big pay raise after a year in which his company agreed to pay out a 13 billion dollar settlement for its illegal mortgage schemes.

I think Senator Elizabeth Warren asks the right question:
If JPMorgan is so happy with their settlements that they are rewarding their CEO with a big raise, do you really think the federal bank regulators were tough enough?
No. But it's far more important that we don't make Jamie Dimon feel bad about anything. That's just as wrong as Pol Pot killing all the doctors and teachers. You can look it up.

.



Search Digby!