Government Shutdown is Making U.S. an Object of Ridicule

 

 

English: US Capitol, Washington DC, the seat o...
English: US Capitol, Washington DC, the seat of government for the United States Congress. Nederlands: Het Capitool, de zetel van de volksvertegenwoordiging van de Verenigde Staten. (Photo credit: Wikipedia)

 

I am appalled by what’s happening. I freely confess I don’t know what will happen if this last beyond the 17th and we go into default. It could be anything from very little happening to a worldwide economic catastrophe culminating in a decade long Depression. If I were a legislator, I like to think I would want to avoid going into default where the unknowns are so perilous. But I do not believe I can count on the intelligence or judgment of those willing to shut down the government as a form of blackmail. It was irresponsible to begin with, and it has only become less moral, less ethical and less intelligent as the days have gone by.

 

 

 

James Pilant

 

 

 

Trudy Rubin: Shutdown repercussions | Opinion | McClatchy DC

 

 

 

 

 

http://www.mcclatchydc.com/2013/10/11/205106/trudy-rubin-shutdown-repercussions.html

 

 

 

 

 

How far we have come since the heady days of the 1990s, when eager civic activists from ex-communist and third-world countries looked to U.S. experts to show them how a multiparty system worked.Indeed, America\’s longtime allies are bewildered by a system where a small minority of legislators can hijack Congress. They also can\’t understand why Congress has to vote separately to authorize the borrowing of funds to pay for expenses it has already approved. Perhaps because no other modern democracy except Denmark has such a system.The commentary in friendly countries has been scathing.\”For a country that fancies itself the greatest democracy on Earth, the fact that a small band of outliers in one party can essentially shut down the federal government over a petty political brawl seems woefully undemocratic,\” Lee-Anne Goodman of Canadian Press told the Talking Points Memo blog. Le Monde columnist Alain Frachon told the New York Times that \”Washington is looking more like the Italian political system, with its permanent crises.\”David Usborne wrote in the British newspaper The Independent: \”America is indeed exceptional, at least in terms of its place in the global financial system,\” but \”in almost every other respect right now it is starting to look exceptionally silly.\” Even if a budget and debt-ceiling deal is completed in the next two weeks, he add …

 

 

 

 

 

via Trudy Rubin: Shutdown repercussions | Opinion | McClatchy DC.

 

 

 

 

 

From around the web.

 

 

 

 

 

From the web site, Newsworks.

 

 

 

 

 

http://www.newsworks.org/index.php/national-interest/item/60524

 

 

 

 

 

For instance, the BBC intoned,

“That leaders of one of the most powerful nations on earth willingly

provoked a crisis that suspends public services and decreases economic

growth is astonishing….Even in the middle of its ongoing civil war,

the Syrian government has continued to pay its bills and workers’

wages.” In western Europe, a think-tank scholar tweeted, “Next time you

blame the woes of developing nations on ‘poor governance,’ think about

how the U.S. government arrived at today.”

 

 

 

 

 

In France, the newspaper Le Monde assailed the “grotesque” shutdown, and aimed its editorial message at one of America’s founding fathers: “Jefferson, wake up! They’ve gone crazy!” In Germany, Der Spiegel Online declared, “A superpower has paralyzed itself,” and the business daily Handelsbatt depicted the Statue of Liberty in chains, capped by the headline, “The Blocked World Power.” In Spain, the El Pais newspaper marveled at America’s “suicidal madness.”

 

 

 

 

 

Granted, some of these reactions have a touch of schadenfreude,

taking pleasure in our misfortune. That’s especially true with the

French, who always love to tweak us, even while forgetting that if not

for America 69 years ago, they would’ve stayed under the Nazi heel. But

why give them an excuse to treat us as a laughingstock?

 

 

 

 

 

And the current scoffing spans the continents. In China, an

entertainer tweeted, “Chinese must be wondering – When will America

embrace real reform? How long can this system survive? Where is

America’s Gorbachev?” In China, a government-run news website said

the nation should be “on guard against spillover of irresponsible U.S.

politics.” In India, business executives told the Voice of America that

they couldn’t fathom how an advanced nation like America could allow its

government to close, and a college student in New Dehli said it was

“sad and shocking.” In the Philippines, an editorial writer asked, “How

did the world’s lone superpower come to such a sorry pass?” In Malaysia,

a news website ran the headline, “U.S. shutdown leaves the world

scratching its head,” and the story said that some Malaysians “had

trouble suppressing smirks.” And The Australian newspaper said that the shutdown “doesn’t say much for the budgetary process in the world’s largest economy.” And so on.

 

 

 

 

 

From the web site, Esquire.

 

 

 

 

 

http://www.esquire.com/blogs/politics/Shutdown_Blues

 

 

 

 

 

In the year of our Lord 2010, the voters of the United States elected

the worst Congress in the history of the Republic. There have been

Congresses more dilatory. There have been Congresses more irresponsible,

though not many of them. There have been lazier Congresses, more

vicious Congresses, and Congresses less capable of seeing forests for

trees. But there has never been in a single Congress — or, more

precisely, in a single House of the Congress — a more lethal combination

of political ambition, political stupidity, and political vainglory

than exists in this one, which has arranged to shut down the federal

government because it disapproves of a law passed by a previous

Congress, signed by the president, and upheld by the Supreme Court, a

law that does nothing more than extend the possibility of health

insurance to the millions of Americans who do not presently have it, a

law based on a proposal from a conservative think-tank and taken out on

the test track in Massachusetts by a Republican governor who also

happens to have been the party’s 2012 nominee for president of the

United States. That is why the government of the United States is, in

large measure, closed this morning.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Bank of America is teetering on the edge of collapse. It has received enormous aid from the federal government in bailouts, loans and preferential treatment to the tune of trillions of dollars of government guarantees. To add further injury to the insults already suffered, the federal government, that is, the Obama Justice Department has okayed a settlement protecting Bank of America from lawsuits for its practice of filing false affidavits and inventing ownership of property in American Courts. Yet even with this help, the bank is run so badly that it is still failing.

How long does this go on?

Is the government going to bailout this bank one more time?

What crimes do they have to commit? What incompetence do they have to display? What greed in the form of enormous executive bonuses do they have to display? – before enough is enough and they are allowed to perish?

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President Claims to be Concerned with the Mortgage Crisis

The following article title and brief selection is by Zandar from the web site, Zandar Versus the Stupid.

I very much want you to visit the site and read the article in full. If at all possible explore the web site and look at other essays.

My commentary is below the article excerpt.

Turn On The Lights, Watch The Roaches Scatter Part 84

A White House official said Obama has taken the housing crisis seriously since the start of his term and will look to augment the effort in the months ahead.

“From day one the President has worked to stabilize the housing market and help responsible homeowners stay in their homes, including through refinancing efforts, foreclosure prevention programs and programs directed at the hardest hit states,” said White House spokeswoman Amy Brundage.

“The President will continue to expand on these efforts and look at new ways to help homeowners, just as he has over the past few months with new programs to help underwater homeowners and expanding forbearance so more unemployed homeowners can stay in their homes,” she said.

I wish that were true. I wish the mortgage crisis had been an important concern for the White House but it has not been a concern and is unlikely to become one.

When the President was first elected he had large majorities in both the House and Senate. He could have made mortgage foreclosures a priority instead he created TARP, a plan which did not allow for mortgages to be reduced in line with reduced home values but only extended the time for payment. The banks used this program as a club to expedite foreclosure. They told clients to skip payments for three months to qualify for the program, then foreclosed on them telling them they had decided they were ineligible. The government didn’t even keep records of what the program was doing for the first year.

When the robo-signing scandals began, the federal government did nothing. When the scandal expanded to impugn the record keeping and practices of several large banks, the federal government did nothing.

And now the federal government attempts to cut a sweetheart deal with the industry so that they can evade any legal responsibility for their acts while, in theory, bringing some minimal aid to homeowners.

This administration has always been far more a servant of the banks than a servant of the people. I want as many State Attorney Generals as possible to no longer cooperate with the administration and pursue their own negotiations with the financial industry. That will mean that justice at least has a chance of being served.

James Pilant

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No.

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That’s very small minded of you. Isn’t obvious that the nuclear industry though its exemplary safety record, environmental activism and continuing careful and cost free disposal of nuclear waste, has earned these enormous government subsidies? (Whoops, they don’t do any of that, do they? – Oh, well, it’s still obvious that they are deserving and you aren’t.)

Maybe you should get mad?

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Federal Loan Guarantees for the Construction of Nuclear Power Plants CBO's analysis examines the main factors that influence the cost to the federal government of providing loan guarantees for the construction of nuclear power plants. It includes illustrative cost estimates using the methodology specified by the Federal Credit Reform Act of 1990, which determines the budgetary cost of the program, and also estimates prepared on a fair-value basis … Read More

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