Ronald Reagan: Worst President Ever?

February 6, 2014

From the Archive: Ronald Reagan, who was born on Feb. 6, 1911, ranks among the most honored U.S. presidents of modern times with his name etched into public buildings across the country. Even Democrats shy from criticizing his legacy. But is this Reagan worship deserved, Robert Parry asked in 2009.


By Robert Parry (Originally published June 3, 2009)

There’s been talk that George W. Bush was so inept that he should trademark the phrase “Worst President Ever,” though some historians would bestow that title on pre-Civil War President James Buchanan. Still, a case could be made for putting Ronald Reagan in the competition.

Granted, the very idea of rating Reagan as one of the worst presidents ever will infuriate his many right-wing acolytes and offend Washington insiders who have made a cottage industry out of buying some protection from Republicans by lauding the 40th President.

Paul Krugman: Regarding Three-Piece Suits, Breakfast Meetings and Overwork

No, this isn't about "American Hustle"; it's a commentary on James Surowiecki's interesting article in The New Yorker on the cult of long working hours. I don't exactly disagree with his argument, but I'd place the emphasis a bit differently.

First of all, he's right that for what he calls knowledge workers - I'd just say elite workers in general - the whole time ethos has changed. When I was growing up on Long Island, there was a clear class hierarchy in commute times. Early trains were filled with menial workers; the later the train, the more and fancier the suits, with executives starting their day at 9:30 or 10 a.m. These days, if anything, it is reversed: There are a lot of hard-driving suits on the early trains, and the later trains are much more mixed.

The Koch Brothers Left a Confidential Document at Their Last Donor Conference—Read It Here

A list of one-on-one meetings between VIP donors and the Kochs and their operatives offers a revealing look into their mighty political machine.

—By Andy Kroll and Daniel Schulman | Wed Feb. 5, 2014 8:59 AM GMT

There's one main rule at the conservative donor conclaves held twice a year by Charles and David Koch at luxury resorts: What happens there stays there.

The billionaire industrialists and their political operatives strive to ensure the anonymity of the wealthy conservatives who fund their sprawling political operation—which funneled more than $400 million into the 2012 elections—and to keep their plans private. Attendees of these summits are warned that the seminars, where the Kochs and their allies hatch strategies for electing Republicans and advancing conservative initiatives on the state and national levels, are strictly confidential; they are cautioned to keep a close eye on their meeting notes and materials. But last week, following the Kochs' first donor gathering of 2014, one attendee left behind a sensitive document at the Renaissance Esmeralda resort outside of Palm Springs, California, where the Kochs and their comrades had spent three days focused on winning the 2014 midterm elections and more. The document lists VIP donors—including John Schnatter, the founder of the Papa John's pizza chain—who were scheduled for one-on-one meetings with representatives of the political, corporate, and philanthropic wings of Kochworld. The one-page document, provided to Mother Jones by a hotel guest who discovered it, offers a fascinating glimpse into the Kochs' political machine and shows how closely intertwined it is with Koch Industries, their $115 billion conglomerate.

AOL is leading the way to make 401(k)s worse for everyone

In our imperfect 401(k) system, there's one critical perk that many employees appreciate and count on: companies matching some part of their retirement savings every paycheck.

So when IBM changed its 401(k) system in 2012 to hand out employee matches in one lump sum at the end of the year, there was an uproar. Those who left the company before Dec. 15 would not see any matched dollars unless they were retiring. And employees would also miss out on all the compounding throughout the year from the contributions.

Senior US congressman Mike Rogers: Glenn Greenwald is 'a thief'

• Rogers accused journalist of illegally selling NSA documents
• Congressman is chairman of the House intelligence committee
• Greenwald denounces Rogers for 'fabrications and lies'

Spencer Ackerman in Washington
theguardian.com, Tuesday 4 February 2014 18.01 EST 

 

A senior US legislator has accused the former Guardian journalist Glenn Greenwald of illegally selling National Security Agency documents provided to him by the whistleblower Edward Snowden.

Representative Mike Rogers, chairman of the House intelligence committee, suggested Greenwald was a “thief” after he worked with news organizations who paid for stories based on the documents.

“For personal gain, he’s now selling his access to information, that’s how they’re terming it … A thief selling stolen material is a thief,” Politico quoted Rogers as saying after a committee hearing on Tuesday. Rogers said his source for the information was “other nations' press services”.
 

The Four Principles of Prosperity

by Ian Welsh

 

All economic theories are statements about what sort of people we are, or rather, what sort of people we should be. Economics has homo economicus, economic man, the rational utility maximizer who always acts in his or her own interest. We know that humans aren’t rational and we know that we don’t always do what is best for us, or even know what it is, but economics stands, nonetheless.

Economic man is prescriptive: it is about how we believe we should act. In ordinary terms a rational utility maximizer is a greedy, selfish bastard: a functional sociopath. They are concerned with other people’s well-being precisely and only to the extent that that affects their own. That we strive to realize this philosophy in our society is obvious from a perfunctory look at how we run our primary economic institutions: corporations. Our society insists and has put into law that corporations be concerned only with profit and nothing else(x). Our culture celebrates greed, we declare that “greed is good”. We believe that if everyone acts selfishly, for themselves, in freely agreed upon contracts, no matter how unequal the power of the people entering into them “freely”, that maximum well-being will result.

Mounting evidence links lead's toxic effects to criminal behavior

When crime rates drop, politicians like to give themselves pats on the back for being "tough on crime." But a new theory explaining why violence has declined across the country since the 1990s is gaining credence, and it has nothing to do with the criminal justice system. An article in Chemical & Engineering News details the mounting data that suggests taking lead out of gas and paint has played a critical role.

Dean Baker: CBO Says Obamacare Will Raise Wages

Apparently a lot of media folks have made such a habit of repeating Republican talking points that they can't see what is right in front of their eyes. The Republicans are touting the fact that the Congressional Budget Office (CBO) expects the Affordable Care Act (ACA) to reduce the number of people working.

Guess what? This was one of the motivations for the ACA. It is a feature, not a bug. There are a lot of people who would prefer not to work and would not work if they had some other way to get health care insurance. Imagine a 62 year-old with diabetes and other health conditions. No insurer will touch this person. If they can get insurance at all they are looking at bill that will certainly run well over $10k a year. If this person has a job that provides insurance they will keep it until they qualify for Medicare no matter how much of a struggle it is to go to work each day.

Job Creationism: The Myth of the Entrepreneur as God

Wednesday, 05 February 2014 09:09  
By David Gespass, Truthout | Op-Ed

The State of the Union Address from President Obama, and the reactions to it, were sadly predictable. Take, for example, the issue of the economy and "getting America back to work," a refrain we have been hearing for a decade during which corporate profits and CEO salaries have exploded, not enough jobs exist for all those seeking work and millions who are employed are still destitute. Parenthetically, the chauvinist conceit of referring to the United States as "America," thereby consigning Canada and every country in Central and South America to nonexistence, is a matter for a separate article.

Approach helps identify new biofuel sources that don't require farmland

While the debate over using crops for fuel continues, scientists are now reporting a new, fast approach to develop biofuel in a way that doesn't require removing valuable farmland from the food production chain. Their work examining the fuel-producing potential of Streptomyces, a soil bacterium known for making antibiotics, appears in ACS' The Journal of Physical Chemistry Letters. The method also could help researchers identify other microbes that could be novel potential fuel sources

The "Skills Gap" Is a Convenient Myth

Sunday, 02 February 2014 12:04  
By Toni Gilpin, Labor Notes | News Analysis 

Haven't seen too many "Help Wanted" signs lately? You haven't been looking hard enough. At factories across the country, thousands of good jobs are going begging.

If that doesn’t sound quite right to you, take it up with the National Association of Manufacturers. NAM and other industry groups insist at least 600,000 factory positions remain open.

Ocean temperatures spiked in 2013

By John Upton

Perhaps climate skeptics should be forced to walk the plank — so they can feel for themselves where so much of the globe’s extra heat is ending up.

The mainstream media repeatedly uttered the false but reassuring-sounding phrase “global warming pause” last year, a reference to an unexpected decline in the rate at which land temperatures have been recently warming, but meanwhile temperatures in the world’s oceans were spiking.

Sam Pizzigati: What Will Reversing Inequality Really Take?

 In the fierce debate over our top-heavy distribution of income and wealth, egalitarians have vanquished both inequality’s deniers and defenders. Now the debate is shifting to the most pivotal question of all.

America’s ongoing debate over economic inequality may be turning a new page.

In the debate’s first chapter, starting the 1980s, scholars, pundits, and policy makers did battle over whether the United States was becoming more unequal.

We still have some “denialists” floating around in right-wing think tank circles. But this debate has essentially ended. No serious analyst any longer argues that the gap between America’s rich and everyone else hasn’t jumped substantially.

Future near perfect: How humans can still save the day by 2050

By Amelia Urry

Though scientists and environmentalists often feel obligated to hawk the apocalyptic view of the world-to-come, there is a neglected version of the future well worth considering: the one where we win.

British environmentalist Jonathon Porritt is in the optimism business. He’s one of the founding directors of the Forum for the Future, a nonprofit organization dedicated to spreading the gospel of a sustainable future. “I hear good news every day,” he says, which makes us wonder what newspapers he’s reading. But he seems to mean it.

One American City Enjoys a Hyperfast Internet--Any Surprise Corporations Don't Control It?

By The Thom Hartmann Show

February 4, 2014  |  It’s time for high-speed internet access for all!

 

This morning, President Obama spoke to a crowd at a middle school in Adelphi, Maryland about the importance of high-speed internet access for America’s students.

But while high-speed internet access may still seem out-of-reach for many Americans, down in Chattanooga, Tennessee it’s been a reality for a long time.

That’s because Chattanooga is home to “The Gig,” a taxpayer-owned, high-speed fiber-optic network.

Nate Heckmann: Peter Schiff is Wrong About Everything

Posted on February 2, 2014 by Yves Smith
 
Yves here. I’m of two minds about featuring a post about Peter Schiff, since criticizing him treats him as being a more legitimate commentator than he is. But some targets ask so hard for a debunking that it’s hard to resist.

Schiff has been in the press recently for having said on the Daily Show that some people, such as the “mentally retarded,” didn’t even deserve minimum wage but should be paid only $2 an hour. But being offensive is not the worst of his sins.

Schiff is a money manager who claims to be an economist but has no formal credentials.* He such a terrible money manager that one wonders why the SEC hasn’t come calling. He lost 60% to 70% of customer assets in a two-year period when he was supposedly making correct macro calls. It isn’t just that he made disastrously bad timing decisions. He violated one of the basic rules of investment management, which is diversification (as of the last time his account results were made public, his picks represented only 2 bets: energy and gold, and that via small gold stocks or trusts). And he also appears to loaded up his customers with lots of risk. If so, he might have violated “know your customer” rules.

Universal pre-K: France is about 180 years ahead of America on preschool education

Universal pre-K is a long tradition in France, and one that American parents might envy.

By Claire Lundberg

I started the New Year in Paris with a mission: to enroll my daughter in école maternelle, France’s universal preschool program. This required a visit to our local city hall. As I walked across the park that sits between it and my apartment, I felt a little emotional—Sophia had just turned 2 in November, and now in just a few months she’d be headed off to school? It didn’t seem possible.

But I had no second thoughts about sending her to maternelle in the fall. Though school isn’t mandatory in France until age 6, all 3-year-olds are guaranteed a place in maternelle, and over 95 percent of French 3-to-5-year-olds attend. It’s the one part of France’s educational system that everyone seems to agree is great. It’s also remarkably cost-efficient: France paid 12.8 billion euros in 2007 to educate just over 2.5 million preschool age children—a cost of about 5,000 euros per student, or about $6,700. (By way of comparison, the state of New Jersey spends about $13,000 per student in their own, nonuniversal pre-K program, and Mayor de Blasio proposes allocating about $10,000 per student in New York City.) In the U.S., fewer than three in 10 4-year-olds are enrolled in pre-K programs, and we rank in the bottom third of developed countries in early childhood education, according to the Organization for Economic Cooperation and Development (OECD).

Why Power Elites Are So Afraid of Telling the Truth

by Kevin Zeese, Margaret Flowers 

February 3, 2014  |  In the last week there were two high profile events that highlighted the inability of those in power to reflect reality and put forward solutions to the urgent problems faced by the United States and the world: the State of the Union and the World Economic Forum at Davos.

 

The reality is that the current economic and political systems are in crisis. The economy will not recover and the government cannot function to meet people’s needs or to protect the planet. Structural change is needed but the power elites are addicted to the current system. They happily funnel more wealth to the top with confidence that their own pockets will be filled. There is no room in their lives for attention to anyone else.

Dean Baker: Silicon Valley billionaires believe in the free market, as long as they benefit

Google, Apple and other tech firms likely colluded to keep their workers' wages down. So much for that libertarian worldview

Last week, Mark Ames published an article that should forever destroy any connection between the Silicon Valley tech billionaires and their supposed libertarian worldviews. The article reports on a court case that alleges that Apple, Google, and other Silicon Valley powerhouses actively conspired to keep their workers' wages down. According to documents filed in the case, these companies agreed not to compete for each others' workers dating at least as far back as 2005. Workers in the industry have filed a class action suit that could lead to the payment of billions of dollars in lost wages.

This case is striking on many levels, the most obvious being the effective theft of large amounts of money by some of the richest people on the planet from their employees. This is pernicious, but not altogether surprising. After all, the boss stealing from the workers is as dog bites man as it gets. Few would be surprised that rich people were willing to break the law to get even richer.

The Internet You Know and Love Is in Real Danger

By Sandra Fulton

February 3, 2014  |  Net neutrality – the principle that Internet Service Providers (ISPs) must treat all data on the Internet equally – is vital to free speech. But earlier this month, the D.C. Circuit Court of Appeals overturned the FCC's net neutrality rules [3], jeopardizing the openness of the Internet that we have come to take for granted.

 

The court ruled that for the FCC to preserve net neutrality, it must first reclassify the Internet as a "common carrier" – a term used to describe a utility like plain-old telephone service or an electric company – so that it can be subject to particular government regulations. Today we delivered a petition with more than 1 million signatures calling on them to do just that.

Rethinking Economics: From the UK, a Global Student Movement Takes Shape

Sunday, 02 February 2014 10:13
By Ruby Russell, Occupy.com | News Analysis

When the financial crisis hit in 2007, economics students at respected institutions around the world found that theories handed down in classrooms failed to explain the reality outside, and an international movement began to demand a change in the way economics is taught.

“The crash was a wake-up call,” says Yuan Yang, who started her undergraduate studies in Philosophy and Economics at Balliol College, Oxford, at the height of the crisis in 2008. “On the one hand, we were being taught as if the financial system was not an important part of the economy. And on the other hand, what the markets were doing was quite different, so we asked, 'Why is there this disconnect?'”

Dean Baker: The Attack of the Robots: Economists' Silly Fantasies

Economists are not very good at economics. We know this because we had a huge housing bubble that collapsed, which almost none of them saw. The pre-crash projections from the Congressional Budget Office imply that this downturn has already cost us more than $7.6 trillion or $25,000 per person. This could have been prevented if we had economists in policy positions who understood how the economy worked.

But even if economists aren’t very good at dealing with the economy, they still can provide value to society. In particular they can be a great source of entertainment. That’s how we should view the story that robots will take all of our jobs and leave most of the population unemployed.

Paul Krugman: Delusions of Failure 

The Republican response to the State of the Union was delivered by Cathy McMorris Rodgers, Republican representative from Washington — and it was remarkable for its lack of content. A bit of uplifting personal biography, a check list of good things her party wants to happen with no hint of how it plans to make them happen.

The closest she came to substance was when she described a constituent, “Bette in Spokane,” who supposedly faced a $700-a-month premium hike after her policy was canceled. “This law is not working,” intoned Ms. McMorris Rodgers. And right there we see a perfect illustration of just how Republicans are trying to deceive voters — and are, in the process, deceiving themselves.

5 Big Education Stories to Watch in 2014

By Owen Davis

January 16, 2014  |  For people looking to "disrupt” public education, it’s become requisite to bemoan the “educational status quo [3]” — a phrase meant to evoke images of poor kids striving against the impediments of failing schools and incompetent teachers. Those who question these disruptors’ methodologies are cast aside as hidebound intransigents who likely have some vested interest in an ossified order.

 

But as a report [4] from Bolder Broader Approach, a progressive advocacy group, noted last year, a new “status quo” has not so quietly taken root. “A popular set of market-oriented education ‘reforms,’” such as test-based teacher evaluation and public school choice, “look more like the new status quo than real reform.”