The Rumble 2012 – “Daily Show” funnyman Jon Stewart and Fox News host Bill O’Reilly faced off in a debate Saturday tonight at the Lisner Auditorium on the campus of George Washington University in Washington, D.C. Continue reading →
The left in America is desperate; desperate for someone who can inspire them, if not lead them to a better world; or at least make them laugh. TV star Jon Stewart is sometimes funny, especially when he doesn’t try too hard to be funny, which is not often enough. But as a political leader, or simply political educator for the left, forget it. He’s not even what I would call a genuine, committed leftist. What does he have to teach the left? He himself would certainly not want you to entertain the thought that Jon Stewart is in any way a man of the left.
My name is Robert, and I am some sort of Republican Shill. It’s uncanny and unsettling: nigh over 20 years, for every gorgeous phrase I lovingly fashion to advance the left, the right grows stronger and nastier, its candidates better funded and more unhinged. Screw good intentions when the fringe detonates and faltering Democrats seem more bereft than ever.
I despair Democratic leadership will get what it’s up against, let alone John H. Moore’s wisecrack, “The real test in golf and in life is not in keeping out of the rough, but in getting out after we are in.” Stuck in its own tracks, the Obama flash increasingly looks like a two-year marvel, a cosmetic layering over a permanent, impregnable reactionary power core.
Looming losses from the mortgage scandal dubbed “foreclosuregate” may qualify as the sort of systemic risk that, under the new financial reform bill, warrants the breakup of the too-big-to-fail banks. The Kanjorski amendment allows federal regulators to pre-emptively break up large financial institutions that—for any reason—pose a threat to U.S. financial or economic stability.
Although downplayed by most media accounts and popular financial analysts, crippling bank losses from foreclosure flaws appear to be imminent and unavoidable. The defects prompting the “RoboSigning Scandal” are not mere technicalities but are inherent to the securitization process. They cannot be cured. This deep-seated fraud is already explicitly outlined in publicly available lawsuits.
First, let’s call the Black Thing From the Center of the Earth (now there’s a good movie title, no?) what it should be called. It’s not an “oil spill.” This is not the Exxon Valdez, with a very large but ultimately known and quantified amount of heavy crude oil spoiling an important but distant and self-limited piece of valuable land and seascape. It’s not an “oil slick,” although that is a side feature of it in the places where the oil layer on the surface of the ocean is relatively thin. It’s not some simple “oil leak” (as British Petroleum [BP] likes to characterize it), like the one that dripped regularly from the oil pan of my aged-by-the-time-I-got-it 1956 Jaguar XK150.