Monday, February 20, 2012
Birth control is of interest to women and the men who love them. The Republicans are dumber than mud if they think they can gain a single vote in
by trying to make it more difficult to get birth control. They could lose
twenty million votes on this issue alone, and a party that is so good at
winning elections knows this. America
Republicans are unscrupulous, disingenuous, dishonest, and greedy, but the leadership must know by now that birth control is a huge loser for them. Santorium has his own theology, by which I mean, theology, and it is opposed to birth control, but even he has backed off of considering it as a prescription for governance.
So what gives with the Issa horse and pony show?
Here’s the scoop. Originally HHS proposed a rule that required that every employer who is obliged by the Affordable Care Act to provide insurance shall also provide reproductive health care coverage. It’s not a controversial issue: indeed, it’s the law in over twenty states now. And, it is the practice of a number of Catholic institutions including the DePaul university, the largest Catholic university in the nation, and the largest private institution in the President’s hometown of
But somehow the Bishops decided that they needed to get involved in politics, and they attacked President Obama, declaring that they were offended by a requirement that they claimed to object to on grounds of conscience. Many Catholics, including Democrats rallied around the church which they had been told was under attack. Nevermind, that the vast majority of them have used birth control. The prospect of harming Obama, and maybe even helping Santorium was just too tempting.
Obama was quick to act. He produced a compromise that required the insurers to pick up the tab for reproductive health care services for any institution that had moral objections to paying for it. The Catholic Hospital Association signed on to the deal, and the initial reaction of the bishops was favorable, too.
But the Republicans sensed weakness. They quickly realized that there were people who had moral objections to doing anything that Obama proposed. They argued that they, too, should have a conscientious objector’s pass on Obama care. This, said they, was a matter of First Amendment religious freedom.
You can usually count on the Republicans to overplay their hand, and this is a perfect example. Republican talking heads are trying desperately to continue to frame this as a freedom of conscience issue, but they won’t be able to keep it up for much longer.
Rick Santorium is a culture warrior, especially on the subject of abortion. As this plays out, he is likely to pay a price. It will be for future historians to determine how much the issue cost him in
currently favored to win the primary. I think his chances are not as good as
the polling suggests. Nate Silver has him with a 57% chance of winning, and intrade.com has him at 59.2 per cent. Michigan
Now here’s what got Big Mitch ticked off. These buffoons are messing with the First Amendment. When they get slapped down, it will be a major instance of scum-bags trying to claim religious freedom for nefarious purposes. It may work for Scientology but that’s because we tend to be willing to error on the side of religious liberty. But the scam caught up with Synanon. And it will catch up with the Republican bastards, too. And when it does, it will cast suspicion on anyone who has a legitimate claim under the First Amendment.
Well, what do you expect from the people who allow white supremacists like Peter Brimelow to give an address at the CPAC convention? Do you think they care about religious freedom?
“… and tell ’em Big Mitch sent ya!”
Friday, February 10, 2012
Here’s what Mitt Romney said to CPAC today.
“This is a moment when our country needs serious change and dramatic reform. So let me tell you exactly what kind of president I will be. To get
back on track, and to get Americans back to work we need bold and sweeping reforms. These aren’t managerial issues of changing this department or that agency. To change America we are going to have to change the very relationship between the government and the citizen. And these are moral choices that will define our nation and define us for generations to come. Let me mention a few of them. Today, as you know we borrow 40 cents of every dollar we spend. That’s unconscionable; it is unsustainable; it is reckless; it is immoral. And it will end under my presidency.” Washington
Let’s examine the world class hypocrisy of this statement.
Romney is able to compete, not because he is popular, but rather because he is so fabulously wealthy that he can outspend any competitor, and crush them. Even still, he lost every county in
Minnesota, every county is Missouri, and ,
to the incredibly underfunded campaign of Rick Santorium. Colorado
I wouldn’t normally be concerned about how another person made his or her money, although when a guy has Swiss bank accounts, and money stashed in other off-shore tax havens, I admit my curiosity is piqued. But what makes Romney’s wealth acquisition the subject of my interest is the fact that he is running for President. He made his money in business, and the idea that he is promoting is that what he did for the companies that he did not cannibalize, he can do for the country.
So bear with me for a moment while we talk about leveraged buyouts.
A leveraged buyout (LBO) is a way that one company takes over another. Let’s call the company doing the hostile takeover Bain Capital. And let’s call the other company Victims’R’Us. What Bain does is put some of its money at risk, and tries to buy the entire company. But it doesn’t want to spend too much of its money because, you see, it’s not really that committed to the long term success of the Victims’R’Us.
So, what to do? Bain borrows the money to buy the rest of Victims’R’Us, and secures it with the assets of the target company. As the founder of the Republican party said, “It may seem strange that any men should dare to ask a just God’s assistance in wringing their bread from the sweat of other men’s faces, but let us judge not, that we be not judged.” And so, in that spirit, let us forebear to judge those who wring corporations from the sweat of their owner’s brow.
Except that Mitt Romney won’t forebear to judge. He tells us that to borrow 40% of what you spend is immoral, and, I call that judgmental. But I will accept his judgment.
Here’s a little fun-fact: In a typical LBO, the ratio of debt to equity is 9:1. That means that 90% of the assets are paid for with borrowed money. And, depending on the company’s financial health, it will usually be financing spending by much more than 100%. Much more.
Now, this is what Romney did. This is the record that he is running on. This is the raison d’être for his candidacy, and its entire rationale. It may seem strange that Romney would call it unconscionable, unsustainable, reckless, and immoral. But let us judge not, that we be not judged.
And here’s another fun-fact: a lot of what Victims’R’Us spend money on is consulting fees for Bain Capital. I mean a lot of money! They are not just wringing their bread from the sweat of Victims’R’Us. They are wringing the neck of Victims’R’Us. But due to a little catch in the Tax Code, the paycheck that they get as consultants, is not taxed as if it were a paycheck. Instead, it is called “carried interest,” That’s why Mitt Romney pays less that 15% on the 21.6 million dollars of income that he admitted to on his 2010 tax return.
It’s good work if you can get it.
“… and tell ’em Big Mitch sent ya!”