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Gods of Sovereigns

The Privilege and Its Consequence

Elements of Racism and the Arc of Hate

Mel Gibson and Benjamin Franklin

Sarah Palin for Republican National Committee Chairwoman

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The Good Prince

Meg Whitman FAIL

Technology of Takings

For Men Only (and It's about Women)

For Tony Hayward

Sea Lion to Be Executed for Eating Salmon

Perception Management FAIL

About That Nightmare Last Night

The Worth of a Wastling

Moderately Annoyed Cat for June 7, 2010

Ugly Matrices

Profiting in the Age of the Falling Sky

Hard Warning

Storm Photography

Special Video Lecture: Leftist Economics

Ministry

Then Again, and Now, Too

The Sovereign's Own and the Dead Preacher

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President New Age Authoritarian

The Price of a Freebie

The Canvas and Brushstrokes of Nightfall

Minor Notes for February 6, 2010

How's School Going This Year?

Featured Grousing, Installment 1

Personal Journey and Red Velvet Cake

Christmas 2009

Financial Industry Reform

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The Pope and His Nation

The Megaphone, the Zombie, and the Church Choir

Evidence of War Crimes: The Obstructionist Doctrine of Barack Obama

Veterans Day 2009

Health Care Reform and Debate That Never Happened

Tuesday Night Photography: Harvest Waiting

Hallowe'en 2009 Graphics
  #1    #2

FOX News and That Obama Administration "Obsession"

What Will You Do?

Favorable Signs of a Sustainable Economic Recovery

Recession to Recovery: The Rough and Narrow Road Ahead

The Long, Disjointed, and Tedious Story of Why I Wear a Tie to Class Every Day

Gothardism on Parade

Subtle, Yet Somehow Rather Troubling

Finally, Some Decent Conspiracy Theory for a Change

An Opus for Health

The Sun Does Not Rise at the Nightfall of Freedom

Bill and Barack

The Birthers Were Right

Grunge Men, Obama Man, All the Men Together

Misleading CNN.com Headline Denigrates Secretary of State

Interview with a Grouchy Economist

Obama Up, Obama Down

The Teaching and Use of Economics

Palin's Resignin'

Righteous Wrath of an Analyst Who Got It Right

Precious Sarah

Iran at the Precipice of Now

The Curtain Drawn, the Revolution Begun

Self-Immolation, British Style

Coddled Thugs

Can't Pimp That Log

A Letter to Peter of Lone Tree

Fiery Winds and the Streets Below

Hope? Sure. Change? Meh.

Wisdom and Experience

Soul Hunters

Memorial Day 2009

Gingrich on Pelosi, History on Gingrich

Digital Landscapes
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Forced Nudity as Subjugation

You. Were. Warned.

Nancy Pelosi and the Fate of Pawns

Sovereign Be the Thug

Dark Wraith Photography
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Statement on Volunteering to Waterboard Sean Hannity

CNN Plunges Further to the Right

Maelstrom

The Shministim

That 'How Progressive Are You?' Quiz

Mortality

Cowards and Thugs

The End of Time, Epilogue

Sen. Diane Feinstein's Net Neutrality Killer

Our Children and Our Children's Children

A Paleo-Conservative Message to Republicans

One-liners, Rimshots, and Insults for Monday

Republicans: "U.S. economy is robust and job creation is strong"

First, Justice

Ghosts of Outrage: The Dragnets

Mr. Obama, You Are an Authoritarian

Principles of Finance and Economics: The Sex and Money Edition

Paleo-Conservative Rant, Episode One

Memo Penned to Ruins

2009 Begins

Christmas 2008

Public Opinion of Dick Cheney

Problem Interrupted

Macroeconomics Quiz 2: Monetary Policy, Fiscal Policy, and International Trade

Four Years

Obama and His Space Cadet

Pulp Illinois

Feast of Famine

A Comment to David Sirota

President 2.0

Attorney General Mukasey Collapses

Obama's Questionable Personnel Decisions Continue Apace

More Center-Right Signals from Obama Camp

Rahm Emanuel: Chief of Staff, All-Around Thug

Extinction 2008

The Unspeakable Endorses the Irredeemable for the Honor of the Unattainable

Obama Vengeance on Press Corps Enemies

Sarah Palin, All on Her Own

National Disgrace: U.S. Ranks 29th in Infant Mortality Rate

Definitional Fascism

Obama Gets It and Gets It Right (on Free Trade, Anyway)

Paul Krugman, Nobel Prize-Winning Globalist

Errors and Omissions

Hallowe'en 2008 Graphics
  #1    #2

Was Martial Law Threatened?

McCain Budgeting

Treasury Secretary Taps Fellow Former Goldman Sachs Executive to Oversee Bailout

"What should we do, sir, submit or fight?"

The People (Who Matter) Have Spoken

The Biden versus Palin Debate: Summary Evaluation

Dear God, Senator McCain, What Were You Thinking?

Battles and Wars

To the Members of Congress Concerning the Bailout Proposal

Bailout: Conservative Republicans Offer Weak Alternative

Letterman on McCain

Cadre

The Echo of Now

What Became of John

Stereotype for Stereotype

Racist Anti-Obama Merchandise at 2008 Values Voter Summit

End Time Rescheduled

Regarding That Fundraiser, Sir

Let them feed

Future Supreme Court Justices

A Note on Why John McCain Should Be President

Song of the Dragon

For Sak'art'velo

John Edwards, Man Slut

The Dominionist Cast Asunder

March 13, 2008

Sheep and Lambs

Manifesto in Black

Peek-a-Boo Politics

Mortar Man

War Mongers, War Buyers

Incompetence, Sedition, and a Note on Lousiness

Plain Language

Energy Horizon

The Dark Wraith Video Lecture Series
    Lecture 1: Economics Defined
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Farewell, My King

China and the "Free Market" Myth

The Gospel of Impending Doom

A Conspiracy Theory Primer

In RE: The Rule of Law v. Justice

The Torch and the Spear

The Dark Wraith Audio Lecture Series
  Lecture 1
  Lecture 2
  Lecture 3
  Lecture 4
  Lecture 5
  Lecture 6
  Lecture 9
  Lecture 10
  Lecture 11
  Lecture 12

American Food: The Blow-Chow Festival Continues

The Descent of Iraq

On Modern Education

The Federal Reserve under Fire
  Part One    Part Two

Recession, Central Bank Intervention, and Tax Rebates

Prelude to Finale

For Tibet

Abigail Adams' Coffee Ginger Cakes, Modified and Made

The Ambiguity of Darkness

The Fox and the Weasels: CENTCOM Commander Resigns under Pressure from White House

Pharmaceutical Water

The Rule of Law and the Imperative of Appeasement

McCain and the Straight Talk Express to Lobbyville

An Exercise from Urban Economics

MOOOO! (with a Side Order of Hurl)

Smoke, Mirrors, and the Rule of Law

The Black Curtain

George Orwell Was a Loser

Conspiracy Theorist Communications

Bill Gates and "Creative Capitalism"

Academic Podcasts by Dark Wraith

Political Nihilism My Way

Obama on the Lesson of the Reagan Revolution

Tomorrow and Tomorrow

The Strait of Hormuz Incident

Candidate Graphics: Huckabee File

Obama on Fire

The End of Time

The Murder of Osama bin Laden

The Lioness Fallen

Christmas 2007

O Little Shill

Lieberman Endorses McCain for President

First Impressions from Conference Call with SEIU President Andy Stern

December 13, 2004

Friday Teleconference Questions for SEIU President Andy Stern

Macroeconomics Quiz 1: Monetary Matters

Key Democrats Knew, Did Not Object to U.S. Torture Policy

Time Magazine Conflates Destroyed Torture Tapes, 'Conspiracy Theorists'

Democracy for the New American Century

Taxes Rates, Tax Brackets, and Thompson

Economic Systems in the Abstract, Capitalism Applied

Al Gore Joins Silicon Valley Venture Capital Firm

Veterans Day 2007

Bush and the Dems: More Socialism for Right-wing Welfare Queens

Modernity and a Teacher's Answer from the Cave of Antiquity and Irrelevance

The Victim and His Victory

Theory of the Firm, Industry Structure, and Regulation
  Part 1  

News Framing at CNN.com

A Hill People Story for Sunday Night

Hallowe'en 2007 Graphics
  #1    #2    #3

The 21st Century, Epilogue

French Cream Pies

The Outrage This Time

Conservatism My Way, Blunt and Hard

Caduceus of the American Way

Migrations, Urgency, and a Contemplation Precedent to Joy

Why the Democrats Won't Stand

Essence of Issue: Republicans Debate American Policy for Iraq

Sa Bataille Finale, Sa Derni�re D�faite

Prelude to the 73rd Hour of Nightfall

The State and the State of Osama bin Laden: Marketing and Medievalism

Economic Incentives and Anti-competitive Markets: A Healthcare Price-gouging Story

Grammar and Punctuation Quiz

Bush Family Blue

Pulp Economics: Liquidity, Open Market Operations, and Financial Institution Portfolios

Battle Cry of Moral Equivocation, Financial Markets Edition

Death Spiral Aversion: Wall Street and the Fed, Together Again

Election Race Dialogue: Critique One

Essay on the American Way and Circumstance

History of the Future

Prime Minister of the United States of America

Right-Wing Judge Dismisses Suit by Spy Exposed by Bush Administration

Exit as Stage Prop

Ripping CNN.com a New One in 500 Characters

Sixth Circuit Court Orders Dismissal of Domestic Spying Lawsuit against NSA

Special Video Post: Survey of Justice, A.D. 2007

Afghanistan: Vertical Opium Monopoly

China, the Internet, and Censorship

The Audacity of Cynicism

Special Video Post: Foundations of the Legal and Regulatory Environment of Business

Statistical Trends in the American-Iraqi War

A Short Rant on Free Markets and Asymmetric Warfare

Responsibility and Retribution

Remembering Shelby

Politics, War, and a Note on the Linguistics of Cowardice

Bible in Blue

Special Video Post: Exchange Rates

College

The Right Way for a New World

Blogging the Code

Colorful Academics

Special Video Post: Money Economics

Shadows from a Future Arriving

The Pardon Problem

The Economics of Wreckage
  Part One  Part Two  
  Part Three  Part Four

The locusts shall not prevail

Statement

Principles of Economics: Origins of the Discipline, Video Edition

More Practical Math for the New American Century

The Trials

Resolve and Resolution

Humor That Won't Be for Everyone

The Battlefield and the Nomads

Index Portfolio Performance during the Bush Administration's First Six Years

Peter Daou and I

The Moment of a Comet

The Age of War

Neo-Con End Run

Doughnuts and Banking

On "Troop Redeployment"

"Surge and Accelerate": A Note on the Republican-Democrat Support Axis

A Realist's Best Shot at New Year's Wishes

The Execution of Saddam

Words, Pictures, and Reality

Exits at the Bus Station

The Long Twilight of Economic Empire

The Wall and the Wedge

Details and Devils

They the People

Assassinations and the Beneficiaries

Lay off it, Mr. Rangel

When to Pay Respect

Economist Milton Friedman Dies

The Harvest and the Wind

Ohio GOP Poll Workers Received Supplemental Training

In Moot Defense of Saddam

Weekend on the Homefront

Even Now To Be Free

The Remedial Future

The end of all things

Public Policy and Intolerance in Commerce

Costs to the U.S. of 20th and 21st Century Wars

Silencing Corporate Whistleblowers

Enter the Dragons

Fun with Trolls

Ludwig von Mises

Put a Cork in It, Arianna

In Response, If Response Were Appropriate

Only Numbers

Rationality, Incentives, and the Agency Dilemma

Hydrocarbon Battlefields

Casualty Allocation in Modern Warfare

The Sacrifice of Pawns

Dark Arts Politics: The Beginning

Dark Arts Politics
    Firebreaking
  Part 1  Part 2

An Open Letter to Senator Hillary Clinton

Deleted and Republished

The Rightful Nation

A Brief Note about the Sky and the Road

A Comment on Massacre

Exchange Rate Regimes

The Woodshed

Index Portfolio Performance during the Bush Administration to Date

Foreign Trade and Debt

Before the Storm, the Rant

The Gaming Game

One Thousand Fifteen

Budget Deficit Projected to Reach Near-Record for 2006

A Tactical Decision before the End Game

Currencies of War

Index Portfolio Performance during the Bush Administration to Date

The Belt of Justice

The Clear and Compelling Case for a Truth Commission

Aftermath of the 2004 Presidential Election

The Message and the Message

Toward Full Yield Curve Inversion

In Sufferance of the Permanence of Hell

A Walk-Down Primer on the U.S. Trade Deficit with China

And Now, Ladies and Gentlemen, a Rant

The Inconsequential Citizen, the Inconsequential State

Index Portfolio Performance for the First Five Years of the Bush Administration

Yield Curve Inversion 2006

A Brief Reminder about the Color of Whitewash

Yield Curves 2005

Treasury Secretary Calls Clinton Budget Surplus "a Mirage"

A Head-Banger Primer on Tax Cuts and Job Formation

I Am Become Battle, How White Be My Tears

The Structure of an Interest Rate
  Part 1  

An Open Letter to Bill O'Reilly

A Brief Story of Money
  Part 1   Part 2   

Index Portfolio Performance During the Bush Administration to Date

On Condemnation of Weakness

The Filibuster, the Quorum, and the Nuclear Exchange

The Color of Whitewash

Senator Frist in Media Klieg Lights

Blackwater USA and a Controversial Former Pentagon IG

Questions Surround Frist Blind Trust Stock Sale

Let Slip the Mercenaries to Our Shores

Yahoo! Accused of Providing China with Information to Jail Reporter

The Area Denial Option: From Fallujah to New Orleans

Able Danger and the Secretary of State

The Unraveling and Unfolding of Iraq

The Whispers of Bombs

Pumpkins and Futures

Practical Math for the New American Century

A Bad Idea Made Better for Tax Reform

A Bad Idea for Tax Reform

War, Inc.: A Summary Financial Analysis of One Corporation

Stone, Sand, and the Writ of History

La'ana-hum Allah

If the Truth Be Told

Fire and Seeds

Of Crystal Balls and Yield Curves

Seven Principles of Macroeconomics

The Ancient Future

First Impugn Honor; All Else Will Then Perish

The 21st Century
  Opus 1  Opus 2
  Opus 3  Opus 4

The Importance of the Hourglass

A Look at Private Social Security Accounts

The Valerie Plame Scandal
  Part I   Part II   Part III

In the Winter of This Night

The Blood of One

These Doors and the World Beyond

The Coming Social Security Crisis

The Hard Land

Prologue to the Book of Consequences

In the Stead of Hope

The Future as a Lesser Place

Atonement by Proxy

Archives by Month

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From Then to Now

Moderate Conservative, Then and Now

In his January 1961 farewell address, outgoing President Dwight Eisenhower famously warned of what he described as an emerging "military-industrial complex." Less well known among many was his long-term, unwavering dedication to balanced federal budgets: subsequent to a tax cut in 1954, Eisenhower ignored the harangue for more tax cuts, even in the face of recessions and average economic growth less than that of the Truman years. Eisenhower understood that the economy was in the doldrums, but he also grasped that the balanced budgets he would realize in the final years of his tenure were the result both of responsible spending and of responsible tax policy. There was little justification to go along with tax cuts just for the sake of tax cuts as a Keynesian substitute for mature, steady control of the federal budget on both the expenditures and revenues sides. The bawl for tax cuts to boost the economy fell on deaf ears in the Oval Office of Dwight D. Eisenhower, even when the call came repeatedly from his own Vice President, Richard Nixon.

President Eisenhower's successor in office, John Kennedy, caved to the call of both Republicans howling for tax cuts and neo-Keynesians among his own Democrat advisers who firmly believed in federal spending and lower taxes as twin weapons in the war against lackluster economic growth. The tax cuts of 1964, largely the result of encouragement by Kennedy before his assassination, were an integral factor—along with spending on war and domestic social programs—in a nearly two-decade upward spiral of federal expenditures with inadequate tax revenues. As time went on through this period, the Federal Reserve would deviate from its exclusive duty in monetary policy of maintaining stability of the aggregate price level and instead steer perilously further into the slippery slope of financing excess spending by the government through accommodative monetary policy. Through the Administrations of Johnson and Nixon, followed by the flaccid "Whip Inflation Now" campaign of President Ford as the inevitable inflation became more and more embedded in the economy, few looked back at the leadership Eisenhower had exemplified, choosing instead to look to the urgency of the contemporary situation to justify one more round of this stimulus, that wage-and-price control regime, or some other doomed-to-fail way of replacing measured, mature macroeconomic policy command with slogans, patches, and promises.

It would take one-term President Jimmy Carter to appoint Paul Volker to chair the Federal Reserve Board before the only real remedy would come: a draconian, sustained, contractionary monetary policy regime. With the cure would come serious pain to augment the suffering of the economy. What had been "stagflation" that had settled in during Carter's term became a full-blown crisis of looming, stunningly hard recession as the draining of liquidity from the economy by the Fed sent interest rates to extraordinary heights. Few were those who credited Mr. Carter for doing what had to be done, and he was defeated by Ronald Reagan in the 1980 general election.

What had been nearly balanced budgets during Carter's last years became soaring deficits as President Reagan, with good justification, led the old-time Republican gospel choir in a successful push for deep tax cuts. It would not be until his Vice President, George H.W. Bush, became President that tax rates would be re-aligned to more responsible levels. His successor, President Clinton, would enjoy the longest sustained economic expansion in U.S. history, an economic boom time attended by low unemployment, low inflation, and strong tax revenues, not the least of which came from robust capital gains realized by investors in a surging stock market.

That unrelentingly good stock market embittered Alan Greenspan, Paul Volker's protégé and successor as Chairman of the Federal Reserve Board. Greenspan testified before Congress that the stock market was exhibiting what he called "irrational exuberance," an utterly fallacious claim that incomprehensible numbers of investors making even more incomprehensible numbers of trades over months and years could possibly sustain "irrationality" at the scale of trillions of dollars in investment decisions. (To his credit, Mr. Greenspan kept a dead-pan serious look on his face as he made his absurd declaration to a gullible assembly of congressional committee members.) Although he did not use the word at the time, Mr. Greenspan might legitimately be credited with introducing the idea behind the vapid term "bubble" to describe, especially in retrospect, any price level increase theoreticians and critics find unacceptable and perhaps incomprehensible.

There was method in Greenspan's claim, though, despite the failure of his efforts—including the most consecutive increases in the discount rate ever—to stop the economic juggernaut of the Clinton years. With tax revenues continuing to close in on federal spending, largely because of tax revenues from capital gains, the Federal Reserve would eventually lose its most powerful tool for conducting monetary policy and, therefore, for being a major control agent of the macroeconomy. So-called "open market operations" by the Federal Reserve use short-term government debt instruments as the leverage for adding liquidity to or draining liquidity from the banking system. The Fed sells Treasury bills to member banks to drain liquidity, and it buys Treasury bills from banks to add liquidity; but if the government stops running budget deficits, the U.S. Treasury stops issuing T-bills (and pretty much all other Treasury debt securities, for that matter). Hence, without T-bills being issued by the U.S. government, the Federal Reserve has no instrument for executing open market operations, so it is effectively out of business as a driving force in economic policy-making.

It was with that in mind that, when George W. Bush succeeded Bill Clinton, not only did the Republicans call for tax cuts to deal with a recession that never actually happened at the beginning of the 21st Century, but Alan Greenspan was there with them, in late January of 2001 providing the assurance from the supposedly objective Chair of the Federal Reserve Board that the economy was, indeed, in such dire condition that the tax cuts were needed. The Republican-controlled Congress then had all the cover it needed, thin as that excuse was at the empirical level, to institute sweeping tax cuts that would last a decade to the real, underlying purpose of trying, as President Reagan had a generation before, to starve the federal government of the funds to pay for social programs.

The horror of the events of September 11, 2001, would fuel two extraordinarily costly wars and massive security expenditures in the homeland that would only exacerbate the widening federal budget deficits of the presidency of George W. Bush, leaving the U.S. Treasury bereft of any semblance of buffer when a real, powerful recession hit at the end of the Bush Administration.

The current President, Democrat Barack Obama, will cave to the Republican call to extend those massive tax cuts deployed ten years ago and which are about to expire. More likely than not, despite his protestations that he will draw the line short of extending the tax cuts for the wealthiest Americans, he will probably find no new political backbone and certainly no new reserve of political capital to make good on much of that vow.

For Mr. Obama and his team of advisers, extending the tax cuts will be nothing less than good Keynesian fiscal stimulus policy. In that regard, he will be much like his Democrat predecessor of a half-century ago. Unlike Jack Kennedy, though, Barack Obama will probably not be martyred, and he most decidedly will not be lionized in the decades and years after his short time in office.

In the end, President Obama will be no John F. Kennedy. More importantly to the future of this nation, he will never be Dwight Eisenhower.

In meager defense of Mr. Obama, not one Republican in office today could hold a candle to Mr. Eisenhower, either.

In America, every generation gets the leadership it elects. Consequentially, it gets the leadership it deserves.

20:45:27 on 11/17/10 by Dark Wraith · Economics4 comments

Gears of the Macroeconomy

Dark Wraith's Pulp EconomicsGross Domestic Product is defined as the total value of all final goods and services produced within a nation during a given period of time. The U.S. Commerce Department reported at the end of October that the United States GDP rose at an annualized rate of 2.0 percent in the 3rd Quarter of 2010, up from 1.7 percent in the second quarter. The Washington Post described this growth rate as "feeble," and the Los Angeles Times claimed that "most economists" consider a growth rate below 2.5 percent as inadequate to substantially reduce the unemployment rate from its historically high level of 9.6 percent.

The story is a little more complicated than that, and the outlook for the economy, while not bright, is not as bad—at least not in the short run—as some economists and political interests might suggest. The longer-term prospects aren't particularly attractive, but that goes to the old saying that it's always darkest just before it's pitch black outside. (The optimist's version of that old saying is, "It's always darkest just before the dawn," but this article is about economics, so optimists will be shot on sight.)

First, GDP is the sum of consumption, private investment, government spending (public investment), and net exports (exports minus imports). In the 3rd Quarter, all of the components of GDP except net exports showed good growth. Our thirst for those cheap imports is still sapping GDP growth, but that will change. The bad news is that the recovery of net exports over the next several years will present its own problems, and hints of those problems are already beginning to become apparent.

The U.S. dollar has been getting weaker against other currencies for several years, now. That makes our exports cheaper overseas, which means our net exports will get stronger. The downside is that, as our exports get cheaper in other countries, imports get more expensive here.

Businesses that have invested heavily in overseas manufacturing of products for domestic consumption will eventually have to start charging more for the goods they sell here in the United States. Retailers that have, over the past decade-plus, geared their purchasing toward foreign products to sell at their American stores will be forced to mark up those goods on their shelves. Anecdotal evidence seems to indicate that this is already happening.

The good news is that, if foreign products are more expensive on retailers' shelves here in the U.S., domestic producers of the same products will find their offerings more attractive as alternatives for buyers. Not surprisingly, though, that has a downside: as the foreign versions of products rise in price, domestic producers of the substitutes will have incentive to raise their prices, too. This is especially true in competitive markets, where constituent firms tend to be "price-takers," moving toward prevailing prices established beyond their individual control.

That's when a major force of consumer-level inflation begins to beat on the door, but only if the economy has a lot of liquidity that can allow consumers to buy at higher prices; otherwise, the pressure to raise prices has no fuel in consumers' pocketbooks.

That's where our central bank, the Federal Reserve, comes into the picture. In the short run, the Fed can use "easy money" to stimulate the economy, a policy of expansionary monetary policy it has been following aggressively to help the American economy out of the worst recession in decades. Unfortunately, in the long run, all that money pumped into the economy is nothing other than a vast reservoir of fuel for inflation because it will provide the liquidity by which the incentive of producers to raise prices will meet the dollars available in consumers' pockets to pay those higher prices.

The good news is that consumers really do not have those dollars to spend right now so inflation will not show up until they have considerably greater willingness to consume. That will come only when the unemployment rate falls quite a bit from its current level.

It works like the gears in a clock, then: inflation will stay subdued until the jobs picture improves, but once that happens, the power of consumption—accounting as it does for about 70 percent of GDP growth—will guarantee that the huge pool of excess dollars poured into the economy by the Fed will turn into an inflation conflagration.

Once the rising prices pick up enough speed to cause serious concern among the Federal Reserve's policy makers, the central bank will be forced to clamp down hard on the money supply to drain that ocean of excess dollars. By that time, though, inflation expectations will have become embedded in both the goods and labor markets (the labor markets will be the last to start realizing their share of inflation-driven price increases), so the Fed will have to crush the money supply not only long enough to drain the reservoir of excess liquidity, but also to drain the reservoir of expectations that the excess liquidity is still around.

The result will be a period of both high inflation expectations driving wages and prices higher along with stagnating economic growth as interest rates rise on the already embedded inflation premium coupled to a sharply contracted money supply. At the end of the 1970s, the term "stagflation" was used to describe this situation.

In the here and now, a modestly rising GDP is perhaps better news than one might think from hearing economists, pundits, and politicians talk. As long as the GDP rises anemically, the unemployment rate will not drop too swiftly; and as long as the labor market remains soft, consumer spending will not pick up speed with any vigor. When it does, price inflation at the retail level will start to rear its head seriously, given that the foreign imports upon which retailers have relied for so long will be getting more expensive, pushing the prices of domestic equivalents up, too.

When things will turn rather sour, with inflation getting noticed by the mainstream media, might be difficult to predict down to the month or even the quarter, but an optimistic guess would put the time frame somewhere around 2012 for the inflation to get serious enough for the Federal Reserve to finally react forcefully enough and long enough to tame it. The resulting economic slowdown, then, might start some time in the latter part of 2012 or in the first half of 2013.

A less optimistic forecast would put clear evidence of inflation at the retail level happening in late 2011 or early 2012. In that scenario, the Fed would have to start clamping down on the money supply by the Summer of 2012. As rough as that would be, what might become serious efforts to bring the deficit spending spree of the past decade under control would start to bite hard into the GDP (remember that government spending is one of the four components of gross domestic product). Rising interest rates, inflation at the retail level, and less government spending could all come together like the proverbial perfect storm to claw consumer confidence and business investment—essentially, the whole economic recovery engine—down to a crawl just around the time of the general election, when the current occupant of the White House would be hoping for all kinds of good news to get re-elected.

The Republican nominee would, of course, breathe polemical fire about the end of civilization as we know it, and the Democrat incumbent would find himself having to try a second round of soaring rhetoric about hope and change.

As an alternative, the President could take the even less useful route of trying to teach the American public about macroeconomics. This would be the same American public that just return to control of the U.S. House of Representatives members of the party whose last reign ultimately put the entire financial system of the world at the brink of cataclysmic collapse and drove the American economy into the worst recession in decades. Yes, that's the sort of class every teacher wants to educate without a cattle prod and a crate of detention slips.

Is that less optimistic forecast how it's all actually going to happen? Probably. After all, this is economics.

If you want happy endings, watch reruns of The Love Boat. If you want inspiring stories, watch reruns of Touched by an Angel.

If you want darned good forecasting—albeit with a generous but necessary dose pessimistic, cynical despair—learn economics from your host here at The Dark Wraith Forums, where misery loves company. It is far better to be with others when the future is bleak and there's nothing whatsoever you can do about it.

Remember to keep hope alive; otherwise, you'll have nothing to give up when all is lost.

17:59:14 on 11/13/10 by Dark Wraith · Economics14 comments

Sicko City

As if it weren't enough that the government admitted in August that it was storing images of people scanned through their clothing at airports, now comes even more evidence of a deep, abiding sickness that pervades the mentality of those who govern by fear with impunity.

The graphic below was on the screen of a computer in a Transportation Security Administration office.

Sick graphic joke at TSA


No, that's not funny. It's vomit bait. And no, it's not just one "rogue" employee's bad idea of a joke. It is exemplary of a pervasive mentality of a government that has no self-control and no idependent judiciary branch interested in or even capable of smiting its ever-increasing invasiveness in the name of this or that law enforcement demand.

This is what has come of our "war on terror." It is also what has become of our government whose thugs protect "the Homeland." It is also what has become of those who let their children go on airplanes. Sooner than you think, it will be what has become of those whose children go to school. Subjugation works this way. I wrote about it in my article, "Forced Nudity as Subjugation." That piece was not an exercise in hypothetical abstractions.

If we just throw up our hands, saying, "I can't do anything about this," then we have no one to blame but ourselves: the terrorists have won.

As much as it might offend those whose groveling fear would drive them to trade even their own children for a modicum of false security, those terrorists would be both the foreign and the domestic sickos. The government servants in the homeland version really do hate our freedom, at least the part that has anything to do with some fanciful right to privacy.

16:06:02 on 11/12/10 by Dark Wraith · Sleaze5 comments

The Freedom to Be Eaten

Free Market, by Dark Wraith

Competitive markets are not the same as "free markets." The difference is easy to spot: corporations and their shills will run like Hell from competitive markets; Republicans will never speak of competitive markets; and Democrats will slap any fix—no matter how complicated, expensive, and ineffective—on a problem to avoid modernizing and reforming antitrust law to crush the companies that have constructed non-competitive markets.

Competitive markets are brutal to the participants on the supply side.

Free markets are even more brutal to the participants on the demand side.

The bad news is this: now that the extremists of free markets are ascendant in public policy, you could very well get eaten.

The good news is thus: so could the imbeciles who put those Right-wing hoe-handles in power.

Lie low and avoid the chow line. The herd is about to be culled of its idiots.

20:16:31 on 11/10/10 by Dark Wraith · Economics7 comments

Age of Darkness

Empire at Sunset, by Dark Wraith

I tell my students that some historians of the Roman Empire give as the date of its fall the fourth day of September in the year A.D. 476. It was on that day that Odoacer, a "barbarian" German in the military service of Rome, removed from the throne the last emperor of the western empire. Other historians see that date as important, but not the "end" of the Roman Empire or even of its western part. (Neither, most certainly, was it even the beginning of the end, given the spiraling power of the germanic tribes setting forth demands upon the Roman emperors and tearing away, piece by piece, at the collapsing frontiers.) Seth Lerer, Distinguished Professor of Literature at the University of California at San Diego, explains that the empire did not "fall" that late-summer day in the last half of the 5th Century, but instead began a new era of change, a process that had been going on for quite a long time at a slower but accelerating pace as fewer and fewer people, both leaders and commoners, had enough light to see why the empire should be kept.

Lex Romana, the law of the Romans, would still remain the law, more or less and at least for a while, for Roman citizens, and the influence of Rome, which had been in marked decline before A.D. 476, would continue but fade in the decades after Odoacer deposed Romulus Augustus. The versions of Lex Romana for Roman subjects of the 6th Century and beyond were complicated, abridged, and full of interpretatio to explain what the cobbled statutes codified in Lex Romana Visigothorum actually meant in practice. Nevertheless, the essential feature of Roman law, as opposed to germanic law, was there: it was based in statutes—written rules assigning clarity of action by the state in matters of behavior by the governed. This written law would be the way forever after of many of the places the Romans had held great sway. From Canon Law to the Napoleonic Code, statutory law carried not just the burden of relating action to consequences in everyday life, but also the unwavering, operable duty of all men to their sovereign.

Even in England, where the immigrating tribes from the lowlands of Germania had brought their more tribal, "common law," the subsequent occupation by the French during the Norman Occupation would infuse the law of precedents with a statutory frame of reference for the courts. To this day, both England and those nations that had once been its colonial possessions bear the burden of that dynamic tension between the desire to make laws upon the firmament of scrolls and the unrelenting need to have a system respecting precedents but capable of challenging those very laws in all their solemn solidity. (For some background on the difference between statutory and common law, read my article, "Plain Language.")

Notwithstanding all of the ways—from law to language, from warfare and statecraft to aesthetics and logic—that the Roman Empire continued to influence the world it had left behind, the powerful light that had been Roman civilization would eventually all but vanish from Europe and the British Isles, and the world that had once been brought to its knees and taught to stand in the shadow of empire would fall into an age of darkness far wider than could be cast by the shadow even of a great and harsh master. An age of darkness descended.

The world after Rome was complicated, decidedly less civilized in many places, and certainly riven by great and small ignorance, need, and avarice. There was no time or place for the speculative hubris—superficial and false as it might have been for the Romans—of ideals like destiny compelling the secular and holy. Unlike the Romans, driven by gods unabashedly the idealized versions of men and women, nobles and commoners alike found solace and excuse in an opposite, albeit powerful god of the Christians and Muslims, whose hordes of violence and merchants of atonement would grip the world from east to west in the centuries leading up to, and then following, the turn of the millennium.

In our hubris, we imagine that it is by our own hand that we tame the ferocity of the midday sun into the temperance of afternoon quiet. We see our technologies as enduring, our values as eternal, and our personal opinions as reflecting both the best and the proper that our empire can bring to the world, often through the influence of peaceful exchange and fierce commerce or, when necessary to protect our interests, through violence too appalling for either its critics or apologists to grasp in scale and horror.

The sunset comes, though. The politicians promise a new day, the merchants sell a new product, and the citizens point to others for a reason the way forward is not as well lit as it once was.

Our defenders will guard the perimeter against what awaits just beyond the lights, and we will all know that those things just beyond know much more than we about an age of darkness far wider than could be cast by the shadow even of a great and harsh master.

Twilight will come, and with it will come a degraded place for us. In our fear, we will impose it upon ourselves long before others from beyond the perimeter of our civilization do so, as they inevitably and someday will when we no longer have enough light to see why our empire should be kept.

Again, then, an age of darkness will have descended.

19:17:13 on 11/07/10 by Dark Wraith · American Empire3 comments

Awaiting the Candle

REPUBLICANS


The self-proclaimed "reality-based community" prefers a world of reason and logic, science and evidence. Superstition yields to knowledge, rationality triumphs over fear.

The darkness harbors nothing that isn't there when the candle is lit.

The Second Day of November in the Year of Our Lord Two Thousand Ten, the candle's light will illuminate what has been waiting in the darkness.

If you are not fearful of what may come of that light, you were not paying attention as the darkness was gathering.

13:44:23 on 10/31/10 by Dark Wraith · Politics8 comments

Spirits of the Uncleanly Commons

Barack Obama and J. Edgar HooverDuring an oil change, the mechanic for a gentleman named Yasir Afifi, a rather unexceptional college student and computer salesman, found that his car had been rigged by the FBI with a GPS tracking device. Why? Most likely because he is Muslim and supports his two brothers who live in Egypt. Some courts are ruling that these GPS tracking devices constitute unlawful warrantless searches, but others are finding that no warrants are needed, and the Supreme Court will probably agree, given that it has found that warrantless searches are perfectly fine on "public property."

If it's fine with you, too, don't check your car for a tracker. If it's not fine with you, perhaps you can remove it; but if you do, resist the urge to destroy the nasty little device, since the FBI will come to demand its "government property" back, and you most certainly want to avoid an indictment for destroying government property (or selling it on eBay, for that matter, what with how the hapless buyer might not give you a five-star rating after the FBI's SWAT-style paramilitary honkers come rappelling down through his roof with flash-bang grenades and action-movie Ninja-wear outfits).

Oh, yes, one more thing: the Obama Administration supports the warrantless use of these trackers. Let's give President Hope-'n-Change a free oil change and a nice round of applause for once again not letting that silly old Fourth Amendment interfere with good old authoritarian excess for the new American century.

Notwithstanding the First Lady's recent expression of gratitude that prayer circles around the nation are "keeping the spirits clean" in the neighborhood of the Obamas, we as a nation are in dire need of an long-overdue exorcism: apparently, J. Edgar Hoover is still running federal law enforcement from his no-doubt gruesomely decorated townhouse in Hell.

With the help of his Unholy Legion already on the bench at the Supreme Court, Mr. Hoover's sponsor on the throne in Hades may soon approve a fiscal stimulus package that includes the much-anticipated Teabagger Moose Lodge & Trailer Park at the Capitol Building in Washington.

Let's see Mrs. Obama's "clean spirits" deal with that rezoning nightmare.

17:02:58 on 10/17/10 by Dark Wraith · Editorial11 comments

The History of Tomorrow, Yesterday

Sarah Palin: Hide in the Flag, FAIL GirlOn November 2, 2008, three days before the general election, I published an article entitled, "Sarah Palin, All on Her Own."

If you read it back then, you might want to read it again now to see how my predictions of nearly two years ago have stood the test of time. If you didn't read it in early November of 2008, I invite you to read it in its entirety now. Not only did I describe with some degree of accuracy what has transpired in the two years since Barack Obama was elected President, but I went on to offer, at least in relatively general terms, what will happen beyond this particular period, when the Far Right is emerging as a clear political force becoming definable, recognizable, and potentially significant.

As an enticement to read the whole article, here is a brief excerpt:
Even though [Obama] has masterfully brought moderate conservatives to his camp in the course of his campaign for the presidency, they would be unlikely to continue supporting him for very long but for the consolidation of the Republican Party to the Right and, more ominously and importantly, to the extreme Right, that latter group being the people Sarah Palin is becoming more and more comfortable courting. Although she, herself, might or might not be as much of an extremist as the more vociferous of the attendees at her rallies, she has a native ability to entice them and to draw them to identify with her. As bad as she is when put on the spot by interviewers, she is every bit as good when she�by her words, her expressions, and her very voice�is in control of the narrative before a boisterous crowd. It is in those open, crowded, noisy venues that the enticement she hands out like candy from a basket teeters in a precarious but oddly stable balance on the precipice of incitement. She need not call the crowd to fury in order to make the constituents furious; she need not exhort the crowd to bitterness to make her supporters bitter; and, in the end, she would never have to remind her supporters of their growing rage to enrage them. Those people waving "Sarah Palin" signs know this campaign has turned remarkably bad for them: a man they do not want to be President will, in fact, be elected, and that means everything about him, from his color to his politics, is justifiably magnified, demonized, and then hated.

Whether by intent or otherwise, those in McCain's camp who championed his selection of Palin were bidding to transform Republicanism from a political party into a movement, a crucial step in the kind of resurgence from the fringe that European neo-fascists are now enjoying...

[T]here is every possibility that from the ashes of defeat the Republicans will suffer in the election rout three days from now will emerge a bitter fringe group looking for a leader, a cause, and some semblance of a coherent theme, if not a cogent (albeit illogical) philosophy: those are the ingredients for a movement to form. The circumstances that would foster the political articulation of that movement are, most unfortunately, almost inevitable. The economic catastrophe caused by the past nearly eight years of recklessly irresponsible taxation, spending, and monetary policies have placed the country on a collision course with nearly ruinous pain, and the Democrats, led by Barack Obama, will not have the courage (nor, quite possibly, the know-how) to stop the freight train of economic recession before it leads to appalling, debilitating consequences, not the least of which will be inflation once the labor market recovers well down the road. This will herald the resurgence of the Right and its financially muscular extremists as a political force, exactly as it has at previous times in other parts of the world, most notably, South and Central America.

The leader of the Resurgent Right could very well be Sarah Palin. The cause will be the revitalization of the United States. The theme will be overt nativism tinged by racism, with openly religious overtones...
When I ask students about the best way to predict the future, they usually answer with something about looking back at history for guidance. I tell them that way is not reliable; the best way to predict the future is to create it.

My students like that bit of wisdom. I don't have the heart to tell them that not one of them will ever have the power to create the future. Given that I cannot tell them the certainty of our powerlessness, I cannot then take them directly to another good way of predicting the future.

Eventually, I get to it in an oblique manner, though. It's when I spend one lecture teaching them Leftist economics. In that hour, in summarizing the methods of Georg Hegel, in my most dramatic oratorical flair, I say this: "History is not about conflict; history is conflict!"

We are, as always, living in the moment of history at its well spring; but while history is the chronicle of victory and defeat, the moment of now is about opportunities lost and seized. Hence, the Hegelian view of dialectical processes driving societies forward through time must carry not a valence of good or bad, but of something far more ominous: historical inevitability.

Read the rest of my article, "Sarah Palin, All on Her Own," to learn about the inevitable.

18:55:58 on 09/19/10 by Dark Wraith · Politics5 comments

Portrait of a Post-Modern Conservative

Conservatives


This altogether favorable depiction of what passes for a post-modern American conservative is the latest of my graphics at the Cheezburger Network. Pass this picture around. The Right-wing fanatics cannot be shamed for how they talk, but they can be shown for what they are.

Do so. They are people unlike us, and the more that simple point is made, the more the zealots will be marginalized as once they were, back when people like that were an embarrassment to everyone, even to their own kind.

18:48:18 on 09/17/10 by Dark Wraith · Editorial1 comment

You Won't Like the Future

Breaking News - Tea Party activists are zombies


As it stands now, the U.S. House of Representatives will fall to the Republicans this November. The Senate majority held by the Democrats will be eroded.

Far from moderating in the wake of the general election rout of 2008, the GOP has descended further to the right, embracing what appears to many progressives as a comical swirl of everything from transparently obvious, hokey hypocrites to mentally unstable, blubbering odd balls. These leaders of the so-called "Tea Party" movement will be anything but comical, though, when their social celebrity status becomes actual political power.

You won't like the future, I promise you that. The man elected President of the United States in 2008 has failed to lead, and quite specifically, he has failed to lead the citizenry away from the mesmerizing influence of moral decline sold like snake oil with words like "moderate" and "compromise," words almost willfully at contrast with equally voiced words like "change" and "hope."

Fearlessness was not in Mr. Obama's vocabulary. It never will be. But you knew that, didn't you? — you who have read my articles; you who earnestly decry commercialism cast to maximize consumer acceptance; you who were actually following the career and voting record of then-Senator Barack Obama; you who at least ought to know the difference between hypnotically howling speeches full of vagaries and the fiery political roar of a man who votes from a progressive conscience rather than a politically apparent expedience.

No, you won't like the future. It will be the place where zealots of extremism feed on the pastel passions of the lazy, who in their great numbers want nothing other than a way forward paved by paid shouters elevating unapologetically greed-driven celebrities promising rectitude with the phony wink of the hypocritical and the knowing smirk of the ignorant.

You won't like the future. It's the place where the weak believe in leaders who think nightfall is a place of compromise with the darkness. In their folly, such failed guardians of freedom are destroyed by the strong, those who either believe in embracing the darkness, as the American electorate will do in November of 2010, or believe in setting ablaze the night and battling through to the morning, as the Democrats refused to do after November of 2008.

No, you won't like the future.

But it will come, anyway.

21:06:08 on 09/12/10 by Dark Wraith · Editorial4 comments

End of Combat Operations

Last week, President Obama declared the official end of combat operations in Iraq.

Sure. Whatever.

END OF COMBAT

by Dark Wraith via the Cheezburger Network



20:04:35 on 09/06/10 by Dark Wraith · War2 comments

Recent Demotivational Posters

TEA PARTY



TEA PARTY FUNERAL



STATESMANSHIP



COMPOSURE



DICK CHENEY AS THE PRINCE OF DARKNESS



ECUMENICALISM



CONSTITUTIONAL ERROR 404



ARRESTED DEVELOPMENT OF SARAH PALIN



Modern Gothic Horror




And finally, in the interest of providing fair and balanced disdain...

CLIMATE CHANGE


Readers interested in reposting any of the above images can click on the graphic to get the code at the Cheezburger Network. You can also vote to favor the graphic, there, too. While you're at it, you can see all of my demotivational posters and other creative visual commentary at my main graphics page at the Cheezburger Network.

14:31:24 on 09/05/10 by Dark Wraith · Editorial4 comments

Information Entitlement Doctrine of Barack Obama

President Obama, Secret Agent Man


The Justice Department has just secured indictment against yet another federal employee for leaking secret information to the press. This makes at least four individuals in short order that federal prosecutors have sought to imprison for disclosing what the government thinks the American people have no right to know. The latest target in this aggressive campaign by the Obama Administration is Stephen Jin-Woo Kim, who allegedly told a reporter that the CIA had determined that another round of sanctions against North Korea might trigger the regime in Pyongyang to conduct a third nuclear weapons test.

According to the Associated Press, the 43-year-old Mr. Kim was a State Department contractor in the Bureau of Verification, Compliance and Implementation from the middle of 2008 until September of last year. Mr. Kim penned the introduction to Korea and the United States through War and Peace, 1945-1960, by Henry Chung (Seoul: Yonsei University Press, ©2000), and authored Master of Manipulation (Seoul: Yonsei University Press, ©2001), among other activities establishing at least some credentials of knowledge about intelligence activities on the Korean Peninsula.

Assistant U.S. Attorney General David S. Kris blustered that the indictment against Kim would "...serve as a warning" to would-be leakers of government secrets.

Perhaps the indictment will also serve as a warning to those still thinking that Barack Obama is something other than the latest fist of authoritarianism. The list of formally accused includes at least one soldier, PFC Bradley Manning, who delivered devastating combat video and documentation to Wikileaks, a Swedish organization founded by Julian Assange, who is beyond the reach of U.S. authorities. In their frustration at not being able to use American law to wreck Mr. Assange, a Swedish tabloid seems to have been the tool by which elements in the American government attempted to humiliate and discredit him with a claim in June that he was being investigated for two separate sex crimes. Unfortunately for the disinformation specialists, a day after the sleazy story was plastered across the headlines, Sweden's chief prosecutor summarily and publicly declared that Mr. Assange was no longer wanted on any such charges.

That failed operation aside, the U.S. has still obtained indictments against Americans who are alleged to have leaked classified information, including one against Bush-era National Security Agency executive Thomas A. Drake, who disclosed to a reporter at the Baltimore Sun embarrassing information about staggering cost overruns, mismanagement, and other problems at the NSA, particularly in a massive construction overhaul of the nation's signal intelligence infrastructure.

While the Obama Administration's law enforcement instrumentalities have adamantly refused to indict even one principal of the Bush Administration programs that crafted, implemented, oversaw, concealed, and cynically justified under color of legal counsel the systematic torture of detainees in violation of both American statutory law and international treaty obligations, the current top officials at DoJ are militating to imprison a resolutely up-standing, long-time member of the national security community who disclosed outrageous failures that cost the American taxpayers hundreds of millions of dollars and delayed the implementation of modernization of the nation's antiquated intelligence-gathering capabilities.

Returning to the latest individual caught up in the government's ramped-up efforts to cork the flow of information the Obama Administration deems secret, U.S. Attorney Kris went on in his press conference about the indictment of Steve Kim to assert, "The willful disclosure of classified information to those not entitled to it is a serious crime."

The timeline of circumstances surrounding the document Mr. Kim leaked to the press is interesting, if not downright telling, about how President Barack Obama and his inner circle of advisers conduct foreign policy and manage information in multilateral negotiations.

After North Korea carried out its second test of a nuclear device in late May 2009 (a test considerably more successful than its first several years earlier), the Obama Administration swiftly and publicly took a lead in spearheading work on a new set of multi-nation sanctions against Pyongyang, ruled by the reclusive and rather odd Kim Jong-il, son of the equally reclusive and rather odd former strong man Kim Il-sun.

Like his father, Kim Jong-il is so resilient to outside pressures that he has let his own people go through one mass starvation after another rather than capitulate to demands from the international community on matters of nuclear non-proliferation. The best hope of getting any traction with sanctions against North Korea would not be through the toughness of the punishment so much as with the endorsement of the punishment by China, the only nation to which Kim Jong-il will even marginally listen, given China's cross-border trade with and stream of welfare to North Korea.

Apparently, at the same time Obama was conducting this very public, multi-nation campaign to further economically isolate Pyongyang, his own intelligence community had produced an information product that assessed a good likelihood that those very sanctions Obama and his foreign policy advisers wanted would have the highly undesirable effect of spurring the Pyongyang regime to test yet another nuclear device. Each such test is costly to North Korea in terms of weapons-grade nuclear fuel spent but also extraordinarily valuable in terms of wide-ranging technical know-how in nuclear bomb construction.

Obama's negotiators were whipping up international support for new sanctions against North Korea at the same time the Central Intelligence Agency was reporting its judgment that those sanctions would probably induce the Pyongyang regime to test another nuke: presidential diplomacy on the public stage to construct a concert of nations imposing sanctions on a rogue state, while that president's own, presumably trusted, analysts were back stage advising in a written document that success of the public diplomacy could backfire at 180 degrees to intended effect.

Then, throwing a monkey wrench into this interesting situation, federal contractor Steve Kim, on assignment to the State Department from Lawrence Livermore National Laboratory, leaked the classified report to a journalist, unnamed in the indictment against Kim but probably a reporter at Fox News. According to an updated Reuters release, somewhat unclear in its connection to the pending criminal case, Mr. Kim had also "...briefed former Vice President Dick Cheney and other top U.S. officials." Whether this was during the Bush Administration or after is not stated in the Reuters update.

On June 12, 2009, the United Nations passed Resolution 1874, which imposed sanctions against North Korea cumulative to those in Resolution 1718 of 2006, the latter resolution punishing the Pyongyang regime for its nuclear bomb test in May 2009, the former for its first bomb test.

North Korea has not tested a nuclear device since the one in the late Spring of last year. At the close of 2009, the Korea Institute for Defense Analyses, a South Korean government think tank, issued its 2010 outlook, in which defense analysts found "a high possibility" that North Korea would conduct its third nuclear bomb test during 2010, in part to strengthen the Pyongyang regime during the anticipated transition of power to the son of Kim Jong-il, and in part to bolster its case that the nations of the world should accept North Korea as a legitimate nuclear state.

The U.S. issued no criticism of the Korea Institute for Defense Analyses for its December 2009 public report, which directly discussed North Korea and which essentially paralleled in its findings the prior, secret CIA document leaked to the press without directly naming North Korea.

Notwithstanding claims by the State and Justice Departments that Stephen Kim compromised sources and endangered national security, it would at least appear that the difference between the U.S. government's outrage over the leak by Kim and the later, open report published by South Korea was that the Obama Administration had, in the second instance, already achieved its objective of securing the desired United Nations resolution in the context of a written American intelligence community conclusion that success at the UN against North Korea would be short lived and counterproductive.

It is quite likely that during the run-up to the UN vote on Resolution 1874, most nations with even marginally capable intelligence analysis capabilities had come to the same conclusion about the risk of new sanctions against Pyongyang, which means the Obama Administration seems to share the view of the previous regime in Washington that, given a choice, secrecy is preferable to transparency, regardless of its value to national security. Assistant Attorney General Kris put it succinctly: "...disclosure of classified information to those not entitled to it."

Label it "classified," and thereby make it an entitlement.

As the Central Intelligence Agency puts it, "Information is the most dangerous weapon of all."

In the view of a succession of diverse American rulers, including the current President, information is not a right of a free people, but is, instead, an entitlement, one reserved for those who must ensure that freedom is not taken literally by the governed.

18:13:38 on 08/29/10 by Dark Wraith · Politics2 comments

Quoth the Dark Wraith

U.S. Senator and all-around authoritarian-loving groveler Joe Lieberman has just come out in support of the TSA porno scanners. The Senate Committee on Homeland Security held a hearing at which the head of the Transportation Security Administration blubbered that "...everybody who gets on a flight wants to be sure the people around them [sic] have been properly screened." Lieberman, who chairs the Committee thanks to the cowering pack of failures otherwise known as the Democrat leadership of the Senate, simply bubbled with agreement about the need for TSA employees to watch 24/7 Reality TV porn.

On this issue, "Chinless Joe" seems to be right with the majority of Americans. According to a poll conducted by CBS News, 81 percent of respondents support the use of the porno scanners, and only 15 percent oppose their use. So there you are: the very same Americans who would go into hysterics at the thought of private citizens looking at them and taking pictures of their kids stark naked are quite happy when the sickos doing the looking, groping, and photo shoots do so under the color of government authority. It seems that blistering hypocrisy on parade isn't just for Right-wing holier-than-thou Tea Party politicians, anymore.

The Art of Grousing

I was just so tired after work, yesterday. It was that down-to-the-bones fatigue that makes a person just want to go home and go to bed early, but I knew I had to do some grocery shopping. I was out of milk, cat food, and cheese, so I went to Walmart, where it looked like everyone else in town was shopping from all the cars in the parking lot.

I parked, trudged through the parking lot and then the store, got my stuff, stood in a long line at an express check-out lane, and finally got finished. I headed back to my car. I figured I'd put my groceries on the back, passenger side seat. The car beside me was parked pretty close, but that was okay; I had enough room to open my car door and put my stuff in. I didn't notice that the driver's side window of the car beside me was part-way down.

I was bent over, securing my food on the seat when my whole world changed: it was just a completely unexpected explosion of "GROWL-ROW-ROWL, SNARL, GROWL-ROW-ROWL, HUFF, SNARL, DROOL, sniff, BARK!"

Yes, the car beside me had in it a medium-sized black failure of a dog that had just gone cuckoo-bananas at me, causing this totally primal wave of gnawing feeling to go straight through my hind end man-parts like an electric water hose. I don't even remember crawling onto the back seat of my car, but there I was, on all fours on my back seat, clutching my gallon jug of whole milk to my chest and twisting my rear around in some kind of futile defense of butt, prostate, and thighs.

By this time, the imbecile dog was just looking at me wagging his idiotic tail. I was shaking all over.

On a better day, I would have cussed the dog out, but I was simply too torn up inside, so I closed the back door of my car and climbed over into my driver's seat. I pulled out and went home, noticing at some point along the way that there wasn't an ounce of fatigue in me, and I'd be able to get some work done before crashing for the night.

I wish people wouldn't take their dogs to Walmart with them.

Fun Stuff

Graphics and videos the Dark Wraith has made or likes.
Update 11/19/2010 — If you don't know about Marissa, a 12-year-old with no formal voice training who sings opera like a virtuoso, watch this YouTube:


Dark Twitter

This and That

What has been dubbed by critics as the "Internet Censorship Bill" has been passed by the U.S. Senate.

Dark Wisdom

A fact is not a truth.

The Wraith Recommends

With thanks to long-time reader and friend "trog" for the link, you might want to read this rather brutal analysis by Robert Sheerer of Barack Obama. It comports with what I have written about the President.

About the Forums

BERJAYAThis blog offers Internet travelers a place where they can discuss economics, finance, politics, and other topics of scholarly and practical interest to thinking people. Your comments are always welcome, and your visits are most appreciated.

About the Publisher

The Dark WraithYour host of this Weblog is an award-winning college teacher and writer who specializes in economics, finance, mathematics, business administration, computer hardware and software skills, and English grammar and composition. His extensive writings on the history of the English language appeared on About.com in the avatar of the Selig Wraith in the Medieval History Forum. Under the umbrella of Dark Wraith Publishing, he now writes on economics and politics as the Dark Wraith, serving as editor and publisher of this online magazine, The Dark Wraith Forums, as well as the group Weblog Big Brass Blog and the blogScream News Wire service.

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