Holy Shit (Bull Variety)

On my Quora feed the following paid advert was posted:

Where did the four gospels in the Bible come from?
The Church of Jesus Christ
Promoted
“As Jesus taught, His disciples wrote what He said. Order a free Bible to learn what He taught.”

And here I thought that lying was a deadly sin.

It is a scholarly conclusion that we do not know who wrote the gospels that were included in the Bible. None of the earliest manuscripts we have of those works has an author listed. All seem to have had multiple authors. Most of the gospels seem to have been written at a point in time that all or most of the disciples claimed to have followed Jesus would have died.

I wonder if Donald Trump got his ability to string lies one after the next from his religious training?

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Focus the Blame … Elsewhere, Anywhere!

According to an article in Reuters (Pope Blames Devil For Church Divisions, Scandals, Seeks Angel’s Help, October 8, 2018) the Pope is casting blame for the Catholic Church’s scandals, and all other problems on the Devil.

“(The Church must be) saved from the attacks of the malign one, the great accuser and at the same time be made ever more aware of its guilt, its mistakes, and abuses committed in the present and the past,” Francis said in a message on Sept. 29.

“Since he was elected in 2013, Francis has made clear that he believes the devil to be real. In a document in April on holiness in the modern world, Francis mentioned the devil more than a dozen times.

“We should not think of the devil as a myth, a representation, a symbol, a figure of speech or an idea. This mistake would lead us to let down our guard, to grow careless and end up more vulnerable,” he wrote in the document.”

Of course, I cannot but be reminded of Flip Wilson’s famous tagline “The Devil made me do it!” (It’s on YouTube, youngins’!)

The Pope, in one sentence, takes “responsibility” and casts blame elsewhere. (‘(The Church must be) saved from the attacks of the malign one, the great accuser and at the same time be made ever more aware of its guilt, its mistakes, and abuses committed in the present and the past,’ Francis said.”)

It must be immensely useful to have an imaginary friend to take the blame for all of the bad things one does, kind of a spiritual whipping boy. As an atheist I feel limited in my ability to blame others for my failings … I want an imaginary evil friend toooo!

The War with the Parasite Class

Another important post over at Ian Welsh’s website is well worth reading:

How Over-Priced Is the US Housing Market?

Here is just a taste of the tone of the article:

“Parasitical economies, and most developed countries have one, exist by immiserating people.

“This is the real reason for the current push for basic income: the parasite class is scared they may be about to kill the host, and want a government infusion to keep the poor and the (reduced) middle class stumbling on.

“I don’t oppose a basic income, but understand that billionaires aren’t supporting it out of the goodness of their hearts. They expect to take every cent the government gives you.”

 

A Failure to Communicate

I read just now the following:

“Alexandria Ocasio-Cortez … was on Jake Tapper’s show on CNN the other day, the host grilled her about how she would come up with the forty trillion dollars needed to fund Medicare for all, housing as a federal right, a federal jobs guarantee, tuition-free public college, and canceling all student loan debt.”

She apparently could not answer the question … <sigh>.

Let me just address funding “Medicare for All (MFA)” for the nonce. Currently, the average family of four pays in excess of $16,000 per year for their health insurance. Mostly this goes unnoticed because these payments are made by their employers as part of their compensation. How much do you think the actual value of that insurance is? If you compare it with costs in other developed countries and look at how inflated the costs are and consider that the insurance companies providing the “insurance” are quite an unnecessary layer of bureaucracy (Medicare has a 3% overhead. If private insurance companies likewise have a 3% overhead, where do all of the handsome profits those companies make come from?). Basically that $16,000 represents a quite unnecessarily inflated cost. Let’s say, for the sake of argument, the actual cost is $9,000 for that family of four. If MFA is invoked, the employers will be required to pay that $16,000 directly to the family and then that family will pay, say $10,000 in taxes (a bit more than their own costs to be able to cover the unemployed, etc.) and pocket the other $6000! (Note: these are not the actual numbers, but even if $100 ends up in your pocket, you would be making money on the deal.)

Once we have Medicare for All, we also have group buying of pharmaceuticals, something Big Pharma has spent billions to avoid (why they are opposed to such a system is it would squeeze its profits down from the astronomical to merely lavish). This will reduce the cost of medicinals, at least to what other countries are paying (for the same drugs from the same companies … yes, they are gouging the Rich Gringos because they can). Similarly there are a multitude of large cost savings that can be wrung out of the system (e.g. there would be only one billing process, not hundreds, for doctors and hospitals to contend with).

Currently the US spends about double what any other rich nation spends on health care per capita. This means we could spend 10%, 20%, or even 30% less and still be spending more than any other country on health care. If you remove the costs of private health insurance companies, we can save even more.

Conservative pundits always focus on the cost/taxes and never mention the cost savings. Ms. Ocasio-Cortez should be better prepared if she is going to go on camera to defend our ideas.

PS The Federal Reserve “printed” several trillion dollars to bail out the banks and Wall Street firms during the Great Recession and these same pundits didn’t blink. Plus that “forty trillion dollars” is not for just one year and they are careful not to mention that.

Our Great Response to the Great Recession

Note The title I wanted and could not create is “Our Great Awful Response to the Great Recession” (mostly due to all of the recent “pat on the back” looks back at our response to the financial collapse).

On the Naked Capitalism website there is a great interview of Michael Hudson in which he simply and clearly points out that our economy is currently still in the tank because of decisions made to bail out political donors and screw average Americans, mostly by President Obama (a corporate Democrat), which were unnecessary and counter to what has worked in the past.

Check it out:

Michael Hudson: 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

 

Artificial Intelligence—The Promise

I am a big fan of digital technology and someone who is hopeful of the future. It is harder and harder for me to maintain that stance, however.

Currently there seems to be a widespread debate regarding the development of Artificial Intelligence (AI). Since we know so little the positions staked out are quite broad. At one end is a new future where machines take over dangerous and boring jobs and human beings have more leisure. At the other end, autonomous drones are the first step toward Skynet (the “bad guy” in the Terminator movies) and the extermination of human beings by intelligent killing machines.

There seems also to be many opinions in between the two extremes.

Something I do know is that it will not be the machines that determine the outcome. In every case of new technology impactful enough to change the course of history, the tech has been used to coerce and oppress the labor of the masses to serve the interests of the elites.

Consider the following photograph.

This is an Amazon warehouse. Amazon is a tech company. So, how do those who work in Amazon’s warehouses fare? Amazon uses personal monitoring algorithms to make sure that its employees do not waste time taking short breaks to catch their breath or go to the bathroom. They are to stay on task as long as Amazon wants them to … or else.

Jeff Bezos, creator of Amazon, makes huge profits by paying his warehouse employees wages that are so inadequate that many of them need public assistance just to get by. Thousands of Amazon workers are forced to rely on food stamps, Medicaid, and public housing because they can’t survive on the wages they receive. Meanwhile, Jeff Bezos is now worth $158 billion, and his wealth increases by leaps and bounds. (And who pays for the public assistance subsidizing Mr. Bezos’ wealth? You and I do, of course.)

If you think back to the first powered looms to make cloth, it was the workers who had to get along with the machinery, not the other way around. Same was true with the assembly line to make automobiles, etc.

I do not argue that there were no benefits from technology that actually accrue to ordinary people. Henry Ford, no friend of workers, paid more than anyone else as a daily wage to pursue his dominance of the auto market. But that was then and now, wage suppression is the favorite tool of the captains of industry. Much of the advanced tech of today is not available to us because, well it is very simple, we cannot afford to pay for it. We don’t make enough money.

As much as people will squander $1000 on a new iPhone, the really impactful tech, such as a liver transplant, is not available to you … unless you can afford to pay for health insurance and many, many people cannot.

So, AI in and of itself will not necessary oppress ordinary people, coercing our labor for the benefit of the elites, but if rich people have any say in the future, my bet is that a sizable amount of AI will be used for just that purpose. (Jeff Bezos has already begun the application.)

CEO Pay Growing Faster than Yours … Still

A recent report of CEO pay shows that the gulf between CEO pay and the pay of average workers in their companies has grown wider. I am shocked, shocked I tell you!

Articles are asking “How could this have happened?” As I have said over and over, this did not “just happen,” it was managed by the CEO’s. These people sit on each others boards of trustees to make sure that their pay increases will never be threatened. They have lobbied Congress and state houses to get tax cuts and tax provisions that favor them. We call such tax regulations “loopholes,” but loopholes are laws meant for one purpose that are used for another. These laws were passed for the purpose of increasing CEO power and wealth, period.

Take for example, Bill Clinton’s legislation to rein in the growth of “executive pay.” The situation was CEOs, through “golden parachutes” and other nonsense, were getting extravagant compensation for lackluster, even terrible, performances. So, the Clinton administration decided that CEO pay should be tied to CEO performance, an idea not so bad. But instead of tying CEO pay to some standard measure of business performance (income, profit, 5-year profit average, average wages in the company, customer satisfaction, etc.), they tied it to the value of the company’s stock, and therefore to the stock market. CEO’s rapidly took advantage of this and began getting more and more of their compensation in the form of stock options. They also started manipulating their own company’s stock price for their own gain. (I’m shocked, shocked I tell you!)

The most recent iteration of this practice is having the company borrowing money to “buy back” stock in the company. This has the effect of raising the price of the stock that remains and burdening the company with debt. The only people who benefit are stockholders and, oh, CEOs and other execs. This practice (stock buy backs) used to be illegal but as part of the package deal, it was made legal in the same era that started this binge of stock manipulation.

Who in a company is better positioned to manipulate the price of the company’s stock? Gosh, I believe it would be the CEO.

Can you spell insider trading, boys and girls? And it is legal. And it is making CEOs rich beyond their wildest dreams. And that wealth is being applied to our legislative and court processes to make them even wealthier and more powerful.

And, it all “just happened.” If you believe that, I have some lovely prime building land in Florida you may be interested in … but you might have to drain the swamp first.

Why Are We So Afraid?

On Quora, this question was posed: Why are so many Americans “tough on crime”?

One of the answers started this way:

“Americans are terrified.

“The United States of America is a nation of the coward, by the coward, and for the coward. Americans are the most frightened people you will find anywhere in the world.

“We are scared of everything. We’re scared of terrorists. We’re scared of immigrants. We’re scared of criminals. We’re scared of GM food. We’re scared of Muslims. We’re scared of brown people. If you come from any other industrialized country, and you’ve never lived in the US, it’s hard to understand the pervasive sense of fear that Americans live in.

“Americans are frightened, and this fear makes us cruel and mean.”

I immediately thought of the campaign to criminalize being a Black male (not just “driving while Black,” but existing while Black). As Jim Crow laws lost their footing in this country, some way had to be created to control Black people, especially Black men (just had to). After emancipation, one strategy was to criminalize the state Black people found themselves in. Vagrancy laws alone caused a great many Black men to be incarcerated and because they were poor and couldn’t pay their fine, they had to work off their fine … and room and board in the county jail. Voila, de facto slavery all over again. When these laws because unacceptable to society at large, the approach became “lock them up” on a much larger scale. Crimes that Blacks might commit had much longer penalties than if whites committed them. (Remember the crack cocaine sentences that were ten times longer than if powdered cocaine were involved? Guess which “possession crime” Blacks were more likely to be caught for.)

It has become our habit, through long exposure, to motivate ourselves to do anything politically by using fear. The message is “we must change because, if we don’t, something really bad will happen.”

Consider education: the report A Nation at Risk, claimed (erroneously) that our poor education system was dooming our country to second tier status … gasp, or worse! Also in education, the fear that girls were falling behind boys in math was promoted heavily at the exact moment at which girl’s math test scores had become equal to those of boy’s. (No mention was made of boy’s English language scores being much lower than girls, that was just “boys being boys.”)

The early environmental movement went to inflated extremes to gain attention. We were told we needed to “save the planet” as if it were at risk and not us.

Our “news media” haven’t helped one bit. They are not in the business of putting things in perspective, rather they are in the business of selling their wares. And the wares that sell are often the most alarming, most lurid, and most outlandish of stories.

Fear mongering is a booming business in this country.

And we are all paying for this by having fear dominate our lives. Donald Trump’s presidential campaign was based solely upon fear. The slogan “Make America Great Again” implies we were great once, but are no longer …. but we could be again, just vote for me. Was there any analysis of this opinion? If a survey of world citizens were to ask the question “Which nation is the most powerful currently?” do you not think the USA would be voted to the top? (And if you didn’t so vote, would you expect to be invaded?)

When was the last time something was done politically because it was the right thing to do, rather than via a fear mongering campaign? Obamacare? The opposition to it was loaded with fear mongering, e.g. Death Panels! The national debt will skyrocket! The “safety net” will become a hammock! If not that, what?

If we insist that we will not do anything unless we are terrified, then all we are doing is waging a terror campaign upon ourselves. We are also letting the fear mongers and those who control the message in our news media to lead us around by the nose.

Welcome to the Twenty-first Century!

 

 

 

 

 

 

 

 

 

 

Ask Yourself “If They Really Believed …”

More than 300 Catholic priests across Pennsylvania sexually abused children over seven decades, protected by a hierarchy of church leaders who covered it up, according to a sweeping grand jury report released Tuesday. Since Pennsylvania has about 4% of the nation’s population, we can expect that the numbers of victims and perpetrators for the country as a whole are 25 times worse. One of the editorial responses to this abysmal situation was this:

Now, ask yourself: if those Catholic priests and other clerics really, truly believed, as Christians claim to believe their religion (down to the bone, etc.), that they were destined to everlasting Hellfire, that they would have done what they did? This is surely evidence that they did not so believe, that they would not be subject to everlasting torment because of their actions.

Either the Catholic Church is selling absolutions, in which case God’s judgment is not really God’s judgment, or a major segment of the Catholic clergy in the U.S. (and presumably worldwide) doesn’t believe in the fairy tales they tell about the “afterlife” to control the behaviors of their “flocks.”

I also wouldn’t put it past the Catholic hierarchy to double down by claiming that God will punish the miscreants (so they do not have to). Maybe they were waiting for capital punishment to be banned before coughing up the criminal clergy … naw.

The Catholic Con is slowly unraveling. I pray that that process is accelerating.

The Deliberate Mischaracterization of the National Debt

Republicans and even a few Democrats are fond of characterizing the National Debt as if it were akin to your household debt and claiming that the size of that debt is a big, big problem.

And I respond with: how do you know when a politician is lying about the National Debt? Answer: when his lips are moving.

Most of the “debt” incurred by the federal government is in the form of Treasury bonds. If one thinks of this as a piece of paper (rather than the electrons they are made of now) printed by the government, it is in effect a promise to pay. If the nominal value of the Treasury bond is $1000, the promise to pay is that $1000 and a smaller amount more. Easy peasy. This is, in effect, the government printing money. What would be the difference between this procedure and the government printing that $1000+ in the form of currency? Answer: there is no difference.

But, but the government has to pay off that debt, doesn’t it? Sure, it issues a new series of bonds and pays off the old bonds with the sale proceeds from the new ones.

But, but … that’s something we cannot do as individuals. Yep, that is why what we have is called a sovereign currency. As a sovereign country we can make as much or little of it as we want.

Consider this, in 1964, the year I graduated high school, the national debt was $312 billion, which constituted 46% of GDP. What do you think people would have said then that in 2018 it would be $21.5 trillion and 108% of GDP? I am sure some would have set their hair on fire and run about, claiming this was disastrous, that the American economy would be in a “failing third world country” state with rapid inflation and that we would be in a severe decline economically. Have you noticed any of this? No? (There are a great many things I do not like about our current economy; that is not my point, my point is that we are not now a banana republic because of our yuge national debt.)

Oh, by way of creating a little perspective, the National Debt in 1946, my birth year, just 18 years earlier, the debt was $216 billion, which was a whopping 119% of GDP.

As another point to ponder, realize that the U.S. Federal Reserve, aka “the Fed,” created $2 trillion out of thin air to fund its purchases of stock and creation of bank “reserves” and whatnot to “save the economy” during the recent Great Recession. Did you notice all of the inflation created by the injection of that much “new money” into the economy? No? Neither did I. Inflation was virtually nonexistent. In fact, many were worried about deflation. So much for the claim that printing money causes inflation. Printing money can cause inflation, but it doesn’t have to.

The country’s budget is not like a household budget, not even close. The country’s debt is not like a household’s debt, not even close. If the National Debt really bothers you, the government could print $21 trillion in currency (now done with electrons, not paper) and pay it off entirely. This is not desirable for many reasons; I won’t go into them now. (Whew, I had you worried, didn’t I? But just a teaser … would you make war on someone who owed you a lot of money?)

In an era of “fake news” the claim of there being a “big, big problem with the national debt” is among the fakiest of bits of news. Of course, there is no such thing as fake news, we have had lies in the news since the beginning of the country; those lies are still news. Think of the news as a court transcript; people lie in court all of the time and the transcripts can be used to convict them of that; they are not automatically true, just a record of who said what, just like “the news.” This is why lawyers tell their clients to shut up and not talk about their cases, something President Trump would be wise to do.

This claim of a “big, big problem with the National Debt” is pure propaganda, playing on the general public’s ignorance of national economics to push political agendas that have no good basis otherwise. For example, if you look back in history, if you had a large problem with debt, the last thing you would do is … cut taxes. Think of a corporation which is struggling with a large amount of debt, the last thing they would want is a reduction in income such as you would get if you cut prices. Cutting taxes creates a large reduction in income for the government. If spending stays near the same, a larger amount of debt is created. Have you known of any administration, Republican or Democrat, which has reduced spending? No? Neither have I. This is why Republicans can cut taxes dramatically and not worry. No matter what happens, it will not affect what they want to do. Reagan, Bush 1 and Bush 2, and Trump spent/spend more money than they took/take in, which was fine by them as long as their wealthy sponsors got wealthier, their prime objective. After all, these are the people that claim that they want to “get the government off of the people’s backs” and then create legislation pushing the government into our private lives ever deeper. Pay no attention to what they say, watch what they do.