The bottom-line chickens come home to roost

It’s not just the nuclear power industry. Virtually anything of significance to our national safety (or anyone else’s) gets fucked up once you add in the profit motive. It’s just that the nuclear power lobby has the capacity to harm so many more people than the average crooked contractor.

I caught some of the news this morning, and they were following a nuclear power lobbyist on his Capitol Hill rounds as he “reassured” members that “we have all kinds of safety procedures” in place, and it “couldn’t happen here.”

ARE YOU FUCKING KIDDING ME? REALLY?

Look: Nothing is safe when there’s a buck to be made. And while I’d rather be someone who doesn’t see the worst-case scenario all the time, it would help if I wasn’t right so often. (As my therapist points out, pessimism tends to bleed into the rest of my life. I’d much rather be serene, but oh well.)

There were more than 200 safety violations covered up at this plant. Two years ago, the plant owners were informed they couldn’t handle anything more than a 7.0 earthquake; it would cost $1 billion to protect it.

Guess what happened.

Now tell me why it won’t happen here.

People have such touching faith in order, and logic. “We put all these rules in place, and they inspect it regularly.” “No one would ever put everything at risk by cutting corners.” Uh huh. Right. Worked for the banks, right?

The one good thing I can say about this is the international moneyed community, the ones who cared so little about what they’ve done to soil their nests here, who assumed they could always move somewhere else, might finally be getting at least a glimmer of understanding about this very basic truth: Once you’ve destroyed the social contract, you have no place left to hide.

And so, to the bankers who hired private jets and left Japan last night like rats deserting a sinking ship, I’d like to remind them that they’re only postponing the inevitable. Because the karma, man, she is a bitch.

The war on Social Security continues

Pay attention to the growing push to cut Social Security in the name of “austerity.” (And yes, far too many Dems are involved.) The bond boys whisper in the president’s ear, while the campaign ops try frantically to convince him it’s political suicide. (Because it is.) And Bernie Sanders, God bless ‘im, continues to fight on while NPR regurgitates the propaganda:

South Carolina Sen. Jim DeMint acknowledges there is a risk in pressing now for Social Security reforms.

“It is politically dangerous, but I think the mood of the country is different than it has been [at] any time in my lifetime,” DeMint said. “They expect us to do things to stop the bankrupting of the country.”

DeMint wants to let people under 55 set up personal retirement accounts as an alternative to paying into Social Security.

And that’s why Maryland Democratic Sen. Barbara Mikulski is deeply suspicious of the GOP push for reform.

“I think it’s a stalking horse for those who want to privatize Social Security,” she said. “They want Social Security to become a dot-com. I want to keep it a dot-gov.”

On Tuesday, a group of Democratic lawmakers proposed protecting Social Security by requiring a two-thirds majority vote for any changes in the program. That measure’s lead sponsor is Vermont independent Sen. Bernie Sanders.

“This country faces a lot of very serious crises which should be dealt with yesterday,” Sanders said. “Social Security happens not to be one of them.” Not for Democrats, anyway.

This story’s from NPR. Notice the little dig there at the end? Fuck them. This “reasonable” splitting the difference crap is what I hate about them. They indoctrinate people who should know better, but since NPR tells them it’s perfectly okay to cut Social Security, “reasonable” people should support it.

Fuck them and their smugness.

Imagine if your college-aged kid tapped out his college fund to buy a $100,000 sports car, and then went to the college to “explain” to them they should be willing to accept 50% of his tuition as payment in full.

That’s what these bastards are trying to do with Social Security, and it’s just plain immoral.

Social Security

It’s so strange, how many Democrats refuse to believe what’s going on. Even Obama’s own political advisors warn against it – but, as Digby points out, Geithner is leading the charge:

…This is a particularly bankrupt and almost desperate move that makes little economic sense unless the Treasury Dept has now literally bought into the idea that they need to sacrifice human beings to appease the market Gods.


At A Night Light:

Reality check: Nobody’s proposing ‘entitlement reform.’ That term is a cloaking device for ugly intentions, a meaningless manufactured phrase cooked up by some highly-paid consultant that diminishes the sum total of human understanding every time it’s used. It’s a euphemism for deep cuts to programs that are vital and even life-saving for millions of elderly and poor people, but it’s politically unpalatable to say that. So it became necessary to come up with yet another cognition-killing term designed to numb us from the human toll of our political actions. “Entitlement reform” is the new “collateral damage.”

But this time the collateral damage is us.

Try to remember this the next time it seems like too much trouble to go to a rally, or call your congressman.

The company they keep

Just look at the kind of people who are attacking her, and you begin to understand just how afraid they are of what she can do to protect consumers:

The attacks on Elizabeth Warren and the Consumer Financial Protection Bureau (CFPB) just keep coming, fast and furious, facts be damned.

The CFPB will be “powerful, hard-nosed and unaccountable,” warns Fred Barnes, executive editor of The Weekly Standard. The agency “will decide its own budget,” its “rulings can’t be vetoed,” and it “will be almost impossible to challenge” in court.

“Who in the world would consider it appropriate to have one person appointed to set the rules for the entire financial industry?” wonders Senator Bob Corker.

The Wall Street Journal describes Warren’s “ideological agenda that banks are the villains of the credit crisis while distributing cash to homeowners who will presumably be grateful on Election Day 2012.”

And the latest? A proposed $20 billion settlement with the Big Banks for foreclosure fraud and abuse is deemed by bank executives as “a naked shakedown” by the CFPB.

(Never mind that banks have illegally foreclosed on some homeowners, and imposed unwarranted fines on others, to name just a couple categories of violations.)

Clearly, what we have here is a scene straight out of South Park: a Godzilla-like CFPB with the face of Elizabeth Warren on a rampage. Upstanding citizens must either run for their lives or join the GOP, Wall Street, and conservative Democrats to bring this monster to its knees—just as these defenders of deregulation brought our economy to its knees.

Don’t let this concerted rightwing smear campaign—straight out of their stale playbook—distract from the facts. These daily hit-jobs on Warren and the CFPB are designed to do one thing only: lay the groundwork to limit the agency’s funding and autonomy and, consequently, its power.

Currently, the bureau is funded through the Fed—just as all bank supervisory agencies are independently funded—in order to avoid politicizing its mission by subjecting it to Congressional appropriations. Yet the GOP would like to create a different set of rules for the CFPB. That’s why Texas Republican Representative Randy Neugebauer has introduced legislation to house the CFPB in Treasury so that Congress can control the purse strings. He didn’t try to hid his objective, saying the move would allow Congress to “have some say-so on how big this organization gets and some of their activities.”

Warren addressed this issue squarely in a recent speech, “While the banking regulators charged with preserving the safety and soundness of financial institutions and ensuring consumer protection compliance by smaller banks would continue to receive independent funding, the agency in the financial regulatory system with lead responsibility for protecting consumers would face a different set of rules – rules that threaten its independence.”

It’s also a downright fabrication when people like Barnes and Corker paint a picture of a completely unaccountable CFPB.

Copyright crackdown

Of course. After all, it’s not as if they could be prosecuting bankers, right? And in a time of economic despair, it’s more important to see that the rich get richer!

• The White House is concerned that “illegal streaming of content” may not be covered by criminal law, saying “questions have arisen about whether streaming constitutes the distribution of copyrighted works.” To resolve that ambiguity, it wants a new law to “clarify that infringement by streaming, or by means of other similar new technology, is a felony in appropriate circumstances.”
• Under federal law, wiretaps may only be conducted in investigations of serious crimes, a list that was expanded by the 2001 Patriot Act to include offenses such as material support of terrorism and use of weapons of mass destruction. The administration is proposing to add copyright and trademark infringement, arguing that move “would assist U.S. law enforcement agencies to effectively investigate those offenses.”
• Under the 1998 Digital Millennium Copyright Act, it’s generally illegal to distribute hardware or software–such as the DVD-decoding software Handbrake available from a server in France–that can “circumvent” copy protection technology. The administration is proposing that if Homeland Security seizes circumvention devices, it be permitted to “inform rightholders,” “provide samples of such devices,” and assist “them in bringing civil actions.”
The term “fair use” does not appear anywhere in the report. But it does mention Web sites like The Pirate Bay, which is hosted in Sweden, when warning that “foreign-based and foreign-controlled Web sites and Web services raise particular concerns for U.S. enforcement efforts.” (See previous coverage of a congressional hearing on overseas sites.)
The usual copyright hawks, including the U.S. Chamber of Commerce, applauded the paper, which grew out of a so-called joint strategic plan that Vice President Biden and Espinel announced in June 2010.