More Greenwald on Ron Paul & criticism

Glenn Greenwald has another must-read post in the ongoing debate about the ways in which Ron Paul may or may not be better than President Obama on particular issues and the subsequent mania which these ideas bring forth within many parts of the liberal blogosphere. Greenwald is kind enough to quote a passage from a recent post of mine on the subject (thanks Glenn!), but his additive points to the debate and responses to critics are compelling and helpful in fleshing out the ways in which approving talk of Paul by anti-war and pro-civil liberties activists has surfaced major tensions within the Democratic Party and its decreasing liberalism.

As I pointed out in my previous post on the subject, critics are deliberately ignoring what Greenwald is writing and representing his belief that Ron Paul is saying important things which aren’t being said by Obama or other Democratic politicians (and worse, beyond words, Obama’s deeds cut against liberal values on many of these issues). With that preface, here is a paragraph by Greenwald which I guarantee will be ignored by his critics, who will continue to say that Greenwald thinks civil liberties, surveillance, the drug war, etc are the most important issues facing America.

One final point that should be made: I do not believe that the issues on which I principally focus are objectively The Most Important Ones. There are many issues of vital importance that I write about rarely or almost never: climate change, tax policy, abortion, even the issue which affects me most personally: gay equality. None of us can write about every issue meaningfully. The issues on which I focus are ones where I believe I can contribute expertise, or express views and points not being heard elsewhere. But there are many other issues of genuine importance, and I have no objection to those who, when forced to choose, prioritize those concerns over the ones about which I write most frequently. That is why I wrote — and meant — that “there are all sorts of legitimate reasons for progressives to oppose Ron Paul’s candidacy on the whole” and “it’s perfectly rational and reasonable for progressives to decide that the evils of their candidate are outweighed by the evils of the GOP candidate, whether Ron Paul or anyone else.”

I haven’t looked yet, but I can only assume that within a matter of minutes someone will again accuse Greenwald of thinking racism, homophobia, or the destruction of social services is not important.

Gary Johnson & Civil Liberties

For what it’s worth, yesterday’s post on Ron Paul and the debate he has sparked in the progressive blogosphere focused on the fact that Paul was the only major party candidate holding positions traditionally held by liberals regarding civil liberties, war and peace, domestic surveillance, and drug policy. While this is true, Gary Johnson, the libertarian Republican Governor of New Mexico turned Libertarian presidential candidate, is in fact better than Paul and without the racist, anti-worker, anti-Semitic baggage of Ron Paul. The ACLU just rated Johnson higher than not only Paul, but Barack Obama, in their civil liberties report card (PDF).

Johnson is not a major party candidate, despite his attempt to run for the Republican nomination. He was functionally shut out of existence by the media and state Republican party’s which blocked his participation in all but one primary debate. I don’t know if Johnson will be a viable third party candidate. I assume he won’t, but could be wrong.

As I pointed out yesterday, voting is not locked into a binary option. Johnson will be on the ballot in many places and if a liberal was inclined to vote for Ron Paul for reasons related to civil liberties and war and peace, Johnson would likely be a more palatable option. As long as Paul is raising conflicts within liberal priorities at this point in time, Johnson should not be excluded from being a foil for the questions about liberalism being raised by people like Matt Stoller and Glenn Greenwald. This is, after all, not about electability, but ideology.

Ron Paul and The Propriety of Criticism

There’s been a recent debate in the progressive blogosphere, elevated out of numerous conversations on Twitter, about Ron Paul, which have in turn surfaced major questions about what it means to be a liberal in America today and how ideological views are expressed in the electoral context. These are hard questions, in part because so many people have invested their ideological hopes into political parties and individuals who don’t actual map well onto activists’ beliefs. Confronting the notion that your efforts to achieve the change you want in the world have not succeeded because you saw the vehicle as a politician who just doesn’t believe the same things as you is hard. When it’s extended beyond an individual to major swaths of one of our two political parties, it gets even harder to confront.

While there are many different facets of the debates that are being surfaced around Ron Paul, I see there as two primary thrusts to this conversation.

The first is that President Obama has not governed along the lines that he campaigned on (or, more accurately, as many of his progressive supporters expected him to campaign on – expectations built through Obama not being truthful and supporters believing what they wanted to believe). As Glenn Greenwald points out, some of Obama’s largest failings from the left have been in relation to his continuation of George Bush’s surveillance state, his codification of indefinite detention, his gross expansion of executive powers through things like assassinating an American citizen with no due process, and conducting a war in Libya that expressly lacked Congressional approval. This has included a war on whistleblowers which would make any Republican authoritarian proud. Additionally, Obama has stocked his administration with Wall Street bankers who crashed the economy and has coddled Wall Street while failing to help the 99% crushed by this collapse. Taylor Marsh details Obama’s (and the Democratic Party’s) failures to protect women’s rights, notably around Plan B. These are major failings. The President, ostensibly the largest representative of liberalism in America (by virtue of the Democratic Party’s past association with this set of ideas), is advancing radically conservative policies that were routinely decried by liberals when George Bush was responsible for them.

The second is that Ron Paul is a major party presidential candidate who occupies a very similar space as liberals on issues of war, surveillance, civil liberties and drug policy. These are not positions being advocated by any other Republican candidate and they are, as we saw above, not positions held by Barack Obama. Paul does not necessarily arrive at these positions through the same logical argument as most liberals – he opposes large-scale military spending not because he is a pacificist, but because he wants a tiny government. Matt Stoller has the definitive piece on the tensions Ron Paul creates for liberals, especially regarding the split between Ron Paul on foreign policy and Ron Paul on domestic and economic policies.

What’s remarkable to me is the extent to which any approving citation by liberals like Greenwald or Stoller of Ron Paul’s notably good positions on foreign policy and the drug war is how reflexively they get accused of supporting Ron Paul or condoning of Paul’s reprehensible racist newsletters. Greenwald goes so far as to spend eight paragraphs explaining and predicting how frequently people make tribal responses to any criticism or support of a given pol, thereby assuming statements like “Ron Paul is to the left of Obama on surveillance,” means “I support Ron Paul over Obama.” Nonetheless, that’s exactly the sort of response Greenwald received (as we see with tweets from these prominent liberal bloggers).

The mere mention of an alternative to Obama, be it a primary challenge, a third party challenge, a Republican to his left on many issues or whatever else, simply causes fits. It’s remarkable to watch, especially as it relates to positions where Obama has been unquestionably not what the Democratic Party has sold us for the last eighty years. This isn’t to say that Ron Paul is better than Obama or someone all liberals should vote for. As Greenwald frames it, it’s about making a choice as to where ones priorities are. Do you care about war and peace? The drug war? Well then Obama might not be the right person for you. But if you care about social programs and a government that provides services, Ron Paul is undoubtedly not the right person for you. Greenwald writes:

It’s perfectly rational and reasonable for progressives to decide that the evils of their candidate are outweighed by the evils of the GOP candidate, whether Ron Paul or anyone else. An honest line of reasoning in this regard would go as follows:

Yes, I’m willing to continue to have Muslim children slaughtered by covert drones and cluster bombs, and America’s minorities imprisoned by the hundreds of thousands for no good reason, and the CIA able to run rampant with no checks or transparency, and privacy eroded further by the unchecked Surveillance State, and American citizens targeted by the President for assassination with no due process, and whistleblowers threatened with life imprisonment for “espionage,” and the Fed able to dole out trillions to bankers in secret, and a substantially higher risk of war with Iran (fought by the U.S. or by Israel with U.S. support) in exchange for less severe cuts to Social Security, Medicare and other entitlement programs, the preservation of the Education and Energy Departments, more stringent environmental regulations, broader health care coverage, defense of reproductive rights for women, stronger enforcement of civil rights for America’s minorities, a President with no associations with racist views in a newsletter, and a more progressive Supreme Court.

Without my adopting it, that is at least an honest, candid, and rational way to defend one’s choice. It is the classic lesser-of-two-evils rationale, the key being that it explicitly recognizes that both sides are “evil”: meaning it is not a Good v. Evil contest but a More Evil v. Less Evil contest. But that is not the discussion that takes place because few progressives want to acknowledge that the candidate they are supporting — again — is someone who will continue to do these evil things with their blessing. Instead, we hear only a dishonest one-sided argument that emphasizes Paul’s evils while ignoring Obama’s (progressives frequently ask: how can any progressive consider an anti-choice candidate but don’t ask themselves: how can any progressive support a child-killing, secrecy-obsessed, whistleblower-persecuting Drug Warrior?).

This is really tough stuff that’s hard to confront. Tom Watson makes a strong case against Ron Paul that’s worth reading, in that it mostly stays away from the ad hominem demonization and makes the case about Watson’s priorities.

As for me, I think I’m in a pretty similar place as Katrina Vanden Heuvel, who tweeted: “I have big problems w/Ron Paul on many issues.But on ending preemptive wars & on challenging bipartisan elite consensus on FP, good he’s in.” This also seems to be the position of Greenwald and Stoller. It doesn’t make a political statement of support (in my case, there is none) but acknowledges the value of having someone saying these things with a national microphone.

Stoller writes about his experience working with Ron Paul’s congressional staff while he worked for Alan Grayson. Paul has been a part of some strange bedfellows work with liberal Democrats – stuff that is really important and valuable and cannot be easily dismissed by any intellectually honest observer, like auditing the Fed. What Paul shows in his work on the Hill on these issues and what he shows as being a voice for anti-war, pro-civil liberties positions which are not held by any other major presidential candidate is that there is a rupture in the political spectrum as aligned by the Republican and Democratic Parties. There is no clean left/right breakdown in the parties. Rather, both parties are conservative and elite serving. Paul offers the rare example of the possibility trans partisan agreement, something that used to be common in American politics. For example, liberal northern Republicans worked towards a civil rights bill for years with liberal Democrats before it finally passed. It is entirely possible for people of different political parties to agree and work together on one issue and disagree vehemently on other issues. That this is considered complicated or controversial is fairly mind-boggling. Tribalism and fealty to party have made this less common and less possible, as we see by the angry reactions to liberals saying good things about some of Ron Paul’s positions.

But what makes me particularly mad is the notion that speaking approvingly of a politician who is anti-war, anti-surveillance state, and pro-civil liberties, while also seeking to reduce the power of the elite-serving Federal Reserve is something that is simply improper for liberals, especially when a Democrat sits in the White House. This is offensive in the highest degree and the responses to Greenwald and Stoller in particular rise to the level of attempted silencing of dissent. It simply doesn’t do to support the protest movements of the Egypt and Tunisia, while opposing protests against similar problems in the United States. Or to put it differently, you can’t be an honest supporter of Occupy Wall Street if you oppose criticizing the President on issues of war, surveillance, civil liberties, and Wall Street power.

And though no one mentioned in the post has yet come out in political support of Ron Paul, so what if they do? Who has standing to tell an anti-war activist that they can’t support the individual they deem to be the most anti-war person running for President? Certainly not people who condoned the President’s unauthorized war in Libya. As for me, I’m in a similar place to Taylor Marsh, who described her vote as “up for grabs.” I don’t know who is out there to grab my vote, but voting for Barack Obama again doesn’t sound so appealing to me. But neither does voting for Ron Paul, whose stances on most domestic issues are anathema to my liberalism. There’s a beautiful option available to all Americans: writing in the person they want to vote for. While I don’t know yet who I will vote for, the idea of writing someone in is certainly an option for me. Oh and before anyone objects that this would cost Democrats the election, I live in Washington DC, which tends to go 90% for the Democratic candidate. First, my vote is not crucial in any game theory of how the election will play out and second, it’s my vote, thank you very much.

There is a real debate to be had about the direction of the Democratic Party and how liberalism can best be served in American politics. But I’m getting really tired of people preaching about what is and is not appropriate criticism of the President, what is and is not helpful (to what and who, I don’t know), or who liberals can say nice things about. If Occupy Wall Street is an indication of anything, it’s that our current political and economic structures are broken. We need new solutions and I find it hard to believe that the new solutions will exist on the clean, partisan lines that currently exist. That means there are openings for trans-partisan organizing where we work with the people and organizations who agree with us on a particular issue. As Stoller notes, sorting out “the contradictions of modern liberalism” is going to be a tough process and debates like the one that is catalyzing around Ron Paul should become more common. And that’s fine by me.

Stoller on Obama, Wall Street, and Fraud

Matt Stoller has another great piece in Politico on the criminal behavior of the mortgage industry and the failures of the Obama administration to prosecute these crimes.

President Barack Obama has argued, as recently as last Sunday on “60 Minutes,” that what happened on Wall Street wasn’t criminal. “Some of the most damaging behavior on Wall Street,” the president told Steve Kroft, “in some cases, some of the least ethical behavior on Wall Street, wasn’t illegal. That’s exactly why we had to change the laws.”

Obama is wrong. Fraud was illegal before the crisis; it’s illegal now. The Servicemember Civil Relief Act was signed in 2003. So it was already on the books. During the savings and loan crisis, the George H.W. Bush administration sent about 3,000 white-collar criminals to jail. This administration has yet to send one.

And it is for lack of trying. Attorney General Eric Holder and his network of U.S. attorneys haven’t brought one criminal suit on illegal military foreclosures or foreclosure fraud. There have been enough books and investigations revealing rampant criminality in the housing bubble and now in foreclosure crisis. Yet Holder’s DOJ is still settling with banks to let them off the hook for illegal foreclosures on active duty troops.

Stoller goes on:

The housing bubble, in other words, was not just due to tragic herding behavior. It also involved the financial sector’s aggressive responses to democratic attempts to rein in creditor abuses. Now Ally, a bank 74 percent owned by taxpayers and controlled by the administration, is continuing this abusive trend.

Turning our markets into playpens for predatory behavior didn’t happen overnight, and it will not be fixed overnight. But until we have public servants strongly focused on justice for all, we can expect the crime spree to go on. After all, what we’re all learning is that, at least for large banks, crime pays.

It’s really hard to properly capture how great the failure of the Obama administration to hold banks responsible for breaking the law is to changing bank behavior and helping homeowners today.

Konczal on Obama, spending, & Klein’s apologia for economic failures

Mike Konczal has a good post looking at Ezra Klein’s recent apologia for President Obama’s stewardship of the economy. Konczal goes back to the President’s 2010 State of the Union speech:

It’s clear from the speech: President Obama announced the freeze and veto threat, and didn’t sound alarm bells, because he believed that the potential risks associated with not signaling to the bond market that deficit reduction was coming outweighed the reality of high unemployment and trying to expand the deficit immediately. 20+ million people not finding full-time work with certainty is bad, but just the possibility of the confidence fairy getting angry is far worse.This stands in for policy more generally, and it leads directly to all the failures of Grand Bargains and two-deficits cartwheels when it came to plans for dealing with the unemployment crisis. It splits the party between those who have to argue for bond vigilantes and those who have to argue against. The deficit hawkery negates the most powerful market indicator we have for what the government should do – the interest rate. This approach puts boundaries on the range of acceptable ideas on what can be done for the economy – and places getting stimulus out the door through discretionary spending, outside of Congress, out of bounds. And meanwhile current interest rates have never been lower – they are negative in real terms for 10 years out. This was exactly the wrong call to make in early 2010. [Emphasis added]

I think Konczal is exactly right in his critique of the 2010 State of the Union, and the policy decisions which followed from it.

But it’s not just that the President was wrong as we look back almost two years later. It’s that he was clearly wrong at the time. Plenty of people have been accurately describing the depth of the economic challenges facing us. Hell, Duncan Black has probably posted a couple hundred times over the last three years about the high unemployment, the lack of action, and the groundless fear of the bond vigilantes. The President and many of his advisers simply are not listening.

Bill Daley and post-partisanship

Jonathan Chait has a piece at NYMag.com looking at how White House Chief of Staff is being forced into a diminished role following less than a year on the job. Chait theorizes that this is because Daley pushed a governing framework that is unpopular.

the interesting legacy of Daley’s tenure is not his mechanical performance. It’s that he conducted an experiment based on the Washington elite view of the Obama presidency. That view, shared by business leaders, centrist pundits, and other elites, holds that Obama’s main problem has been excessive partisanship, liberalism in general, and hostility to business in particular. In December, 2009, Bill Daley wrote a Washington Post op-ed endorsing precisely this analysis. After the midterm elections, Obama – pelted by Daley-esque complaints – appointed Daley chief of staff. “His moderate views and Wall Street credentials make him an unexpected choice for a president who has railed against corporate irresponsibility,” reported the Post. Republicans like Mitch McConnell, Karl Rove, and FedEx CEO Fred Smithraved.

Daley, pursuing his theory, heavily courted business leaders. He made long-term deficit reduction a top priority, and spent hours with Republican leaders, meeting them three-quarters of the way in hopes of securing a deal that would demonstrate his centrism and bipartisanship. The effort failed completely.

The effort failed because Daley’s analysis — which is also the analysis of David Brooks and Michael Bloomberg — was fatally incorrect. Americans were not itching for Obama to make peace with corporate America. Americans are in an angry, populist mood — distrustful of government, but even more distrustful of business.

Chait goes on to provide numerical evidence that Americans are not looking for pro-business governance right now, nor are they looking for cooperation with the GOP. As a result, Chait says, Daley is being pushed out, his ideas disproved by the results.

This all may be true. Daley’s arrival in the White House certainly increased the Obama administration’s ties to Wall Street and major corporations. He also seems to have presided over a period of concerted attempts to work hand in hand with the Republican Congress. But it’s not as if the White House wasn’t already heavily partnered with big business and Wall Street. It’s not as if the Obama administration hadn’t already spent the better part of two years trying to pass bipartisan legislation, despite having congressional majorities that did not require this.

Moreover, while a Chief of Staff has serious influence over the course an administration’s political and policy actions, those decisions only move forward if the President is on board for those decisions. Daley’s crime doesn’t seem to be wrong in the eyes of the President about reaching out and doing work alongside business and Republicans. It’s that he actually failed to do it well. Throw in the mix that Daley had genuinely bad relationships with Democrats on the Hill and a penchant to give up too much information to both reporters and Republicans, and it seems clear that he just wasn’t an effective operative.

If Chait is right, we’ll see the President and his re-election campaign push for aggressive, populist, anti-Wall Street messaging. But I think it’s more likely that we see from Obama what we saw in 2008 and what we’ve seen almost without interruption since he assumed office: a desire to be a post-partisan president, to cast a pox on both Republican and Democratic houses for failure to get things done, and a refusal to criticize the Masters of the Universe who wrecked our economy and are still stealing peoples’ homes. In such a scenario it will become clear that Daley’s role wasn’t diminished because his worldview was proven incorrect and therefore ineffective; it will instead be clear that Daley lost stature because he didn’t get things done, period.

Chait is right that “Americans are in an angry, populist mood — distrustful of government, but even more distrustful of business.” But I don’t think that fact is going to dissuade President Obama and his staff that being soft on business, covering up Wall Street crime, and consistently producing Republican solutions to the problems we face is an incorrect course for the administration to be on.

Occupy Wall Street protests Obama admin pursuit of bank immunity for foreclosure fraud

TheStreet.com recently reported that the Obama administration is pushing hard for a broad foreclosure fraud settlement between the federal government, all fifty states, and the nation’s five largest banks.

According to FBR’s Washington contacts, “the Obama Administration, especially Housing and Urban Development Secretary Shaun Donovan, has stepped up efforts to come to a settlement,” along with the U.S. Justice Department, ” on behalf of claims related to FHA loans.” Attorneys General Tom Miller (D-Iowa) and Lisa Madigan (D-Ill.) continue to lead the negotiations, with New York Attorney General Eric Schneiderman continuing to oppose a multistate settlement.

According to the report, the major remaining hurdles to the settlement — which will include penalties for improper foreclosure filings, as well as large outlays for principal reductions to facilitate mortgage loan refinancing — are “to convince California Attorney General Kamala Harris that the deal is large enough and provides enough political cover to sign onto,” and “to convince the servicers, especially Bank of America, that the liability release is worth the penalty it will be paying.”

The Obama administration is putting pressure on California’s Harris, so the nation’s largest state would add the patina of this being an actual national deal. Everything that’s been reported about this deal says it’s a horrible deal for homeowners and a disgrace to the rule of law.

As a result, it’s not shocking that a movement that is going directly after Wall Street lawlessness and the power of financial elites would specifically target the Obama administration around the pending retroactive immunity for bank fraud connected to the financial and foreclosure crises. Occupy Wall Street is marching today around the foreclosure deal, calling on President Obama to be Wall Street’s puppet:

“This is a clear, moral issue that cuts to the core of why we occupy,” said Max Berger, an Occupy Wall Street participant helping to plan the event. “Instead of throwing corrupt bankers in jail, the administration is pushing to give them a get-out-of jail-free card.”

“President Obama and the attorneys general have a choice: do they stand with Wall Street, or do they stand with the 99%?” he said.

“We will not stand for a system that gives campaign contributors a right to immunity, while serving foreclosure papers to the 99%,” said Beth Bogart, a volunteer with Occupy Wall Street. “We will not stand for a country where bankers that issued deadly mortgage-backed securities are bailed out, but homeowners with mortgages are illegally thrown out on the street.”

This is an important and savvy foray by Occupy Wall Street into a very specific policy issue. But the foreclosure crisis is core to the problems of our economy and any efforts by the Obama administration to bail out the banks at the expense of homeowners should be opposed by the Occupy movement.

Obama fundraising 2012: True, but not accurate

Originally posted at AMERICAblog

During the Washington Post versus New York Times battle over whether Barack Obama’s reelection campaign did or did not raise more money from Wall Street than Mitt Romney and the other GOP candidates, the Obama campaign and its defenders arrived at a position which while technically true was not accurate in the spirit of, you know, facts. Namely, while the legal entity that is the Obama campaign had raised less money from Wall Street than Mitt Romney, the campaign plus the DNC had raise more Wall Street money than all Republican presidential candidates combined. Obama supporters positioned this as very important, since by the letter of the law it was true that Romney had outraised Obama on Wall Street. Of course, given that the DNC’s job in 2012 is to help President Obama win re-election, ignoring the money they raise from Wall Street as not being connected to Obama is completely disingenuous.

It seems the New York Times has found another area wherein the Obama campaign is technically correct in their messaging, but functionally inaccurate.

Despite a pledge not to take money from lobbyists, President Obama has relied on prominent supporters who are active in the lobbying industry to raise millions of dollars for his re-election bid.

At least 15 of Mr. Obama’s “bundlers” — supporters who contribute their own money to his campaign and solicit it from others — are involved in lobbying for Washington consulting shops or private companies. They have raised more than $5 million so far for the campaign.

Because the bundlers are not registered as lobbyists with the Senate, the Obama campaign has managed to avoid running afoul of its self-imposed ban on taking money from lobbyists.

The Obama campaign has a self-imposed ban on taking money from lobbyists. There is absolutely nothing illegal about taking political contributions from lobbyists. Even the ethics of taking money from lobbyists are debatable – for example, I would have no problem if the Obama campaign took money from people who lobby on behalf of unionized teachers, nurses, firefighters, and janitors. The point is that there is nothing within the job description of a lobbyist which makes them inherently evil. To put it differently, most political campaigns will vet large donations to make sure that the person who wrote them a check wasn’t, say, recently indicted for a felony crime. The reason campaigns do this is that they don’t like the optics of taking money from crooks. The Obama campaign has somewhat arbitrarily decided that lobbyists are like crooks and their money is bad, except in cases where the lobbyists don’t meet the legal standard of lobbyist, as we see here:

Take Sally Susman. An executive at the drug-maker Pfizer, she has raised more than $500,000 for the president’s re-election and helped organize a $35,800-a-ticket dinner that Mr. Obama attended in Manhattan in June. At the same time, she leads Pfizer’s powerful lobbying shop, and she has visited the White House four times since 2009 — twice on export issues.

So this individual was meeting with the President while the healthcare bill was being written and some of those meetings were about exporting US-made drugs. Yet by the letter of the law, Susman is not a lobbyist and therefore her money is good!

Oh and those $35,800-a-ticket dinners that Susman put together? Yeah, that money goes to the DNC.

The Obama campaign has a statement responding to the Times story. The basic thrust of it is that the Times is skewering them for letting “the perfect be the enemy of the good, punishing efforts to promote reform.” That may be the case and the Obama campaign is right to point out that all Republican candidates make no bones about taking cash from lobbyists and letting lobbyists bundle cash for them.

At the same time, the Obama campaign is trying to convince us that the influence of someone whose job is as a lobbyist giving $5,000 (the legal limit for primary and general election contributions in 2012) is greater than a lobbyist who bundles 100 times that amount. And that is pure bunk.

What’s more upsetting is the completely cynical analysis by the Obama campaign which defines the quality of their actions by the letter of the law or the letter of their pledges, while ignoring the larger context within which they occur. They take less money from Wall Street than Romney, but only if you ignore the DNC. They don’t take donations from lobbyists, but only if you ignore their bundlers who lobby. And if those bundlers who lobby as executives of major pharmaceutical companies find ways to avoid the rather high threshold to be counted as a lobbyist, well then since they do not meet the definition of lobbyist, the campaign can’t be criticized for taking their money.

These two stories, happening a week apart, show that the Obama re-election campaign is committed to a very cynical ploy to be true, while not being accurate, in their descriptions of their fundraising. The danger of this is that the energy of hope and change that fueled the campaign in 2008 will be completely non-existent in 2012. The remedy for that could be providing voters with genuine, honest reform. Or it could be taking more corporate or Wall Street cash. Seeing which course the campaign chooses will be easy enough, so I shall avoid any speculation as to what they will do.

Occupy Wall Street Still Has Work To Do

Matt Taibbi looks at President Obama’s recent move to trade some requirements for financial disclosure under Sarbanes-Oxley in exchange for business support for his jobs plan. Taibbi:

If the financial crisis proved anything, it’s that Wall Street companies in particular have been serial offenders in the area of dishonest accounting and book-cooking. Sarbanes-Oxley is obviously no panacea, but removing it in exchange for a temporary, election-year job boost is exactly the kind of myopic, absurdly irresponsible shit that got us into this mess in the first place. For Obama to pull this in the middle of these protests is crazy.

Totally agreed. Taibbi goes on and gets at the real point: the work of Occupy Wall Street isn’t done yet:

If anyone thought OWS has already done its job, and Washington has gotten the message already, think again. They’re not going to change until the protesters force them to change, it seems.

There is much work to be done. Change is going to come when protesters force political and financial elites to change. The mere existence of this protest has dramatically shifted the tone of political conversations, but it certainly hasn’t lead to any spontaneous efforts to hold banksters accountable for breaking the economy nor lead Congress to pass job-creating legislation. As a result, it is critically important that the protests continue and the message of the occupiers continue to resonate out into the political world.

Obama, Romney, & Reporting Wall St Money

Yesterday there was a Washington Post story on how much money Obama and Romney have gotten from Wall Street which directly conflicted with a New York Times article earlier in the week. The Washington Post story reported that Obama has raised more money from Wall Street than all of the GOP candidates combined. The Times, on the other hand, reported that “Romney has raised far more money than Mr. Obama this year from the firms that have been among Wall Street’s top sources of donations for the two candidates.”

Mike Allen isn’t happy with the Post’s coverage of this. Today he takes a hard shot at the Post:

the Times story got the big picture right, by basing the analysis on contributions to the CAMPAIGNS rather than lumping in PARTY money, which has higher limits ($30,800 per year v. $2,500 per election). And Romney can’t raise party money. The Post could have won by explaining both ends of the telescope.
–PLAYBOOK BEST PRACTICES: Acknowledging complexity makes your story MORE interesting, not less. And the most sophisticated readers have seen what’s been written before, so you can’t pretend it doesn’t exist, or leave them scratching their heads.

But here’s the chaser, from yesterday’s Washington Post article:

“Put aside the DNC money, for example, and Obama’s numbers look much worse: just $3.9 million from the financial sector, compared with Romney’s $7.5 million.”

Before Allen starts talking about “best practices,” he should double check to make sure that the people he’s criticizing didn’t present exactly the facts that he’s demanding they present.

But more importantly, this is all very silly. The DNC exists to fundraise for the the President’s reelection. It is a temporary advantage for the President, as the Republicans don’t have a presidential candidate yet and the RNC can’t fundraise directly for that person until the nominee is set. Both the Times and the Post miss with their stories. The Times accepts the technically correct but functionally incorrect reality that DNC money is not the same as campaign money. The Post fails to recognize that the advantage is a temporary one and not particularly indicative of anything except a snapshot of where things are when the GOP doesn’t have a nominee.

The real crux of the matter is that Wall Street is giving tens of millions of dollars to both parties. When all is said and done, that number will probably be over $100,000,000. The people who broke our economy have completely captured both political parties and helped ensure that they are not held accountable for their crimes, while pushing for more bailouts for themselves, paid for on the backs of poor, working, and middle class Americans.