Monthly Archives: August 2012

The Growing Consensus for Bank Break-Ups

The Conservative Case For Bank Break-Ups – The Dish
Andrew Sullivan

The Daily Beast

Reading Mr. Sullivan this morning, there appears to be a growing conservative groundswell behind the idea of breaking up America’s “too-big-to-fail” mega-banks, specifically BankAmerica Corporateion, JPMorgan Chase & Company, and Citigroup Inc. Not only does Sullivan like the idea, proposed by MIT professor Simon Johnson at Bloomberg, but also Erick Erickson from The Red State endorses it, as does Michael Brendan Dougherty at The American Conservative.

Where I part ways with these gents is that they are approaching this more as a campaign tactic than a matter of principle. And a matter of principle it is (or should be) for every Republican with a functioning cerebral cortex.

The case, as I see it, is this:

1. The mega-banks have become so large that they stifle competition in the marketplace. That’s monopolistic, and that’s not legal.

2. The mega-banks have become so large that they have the ability to manipulate policy. That’s anti-democratic.

3. The mega-banks have become so large that they operate above market forces. This explains why they can charge high fees and behave in a way that earns them preposterously low consumer satisfaction ratings.

Republicans are pro-business. This is not the kind of business I think most of us signed-up to get behind. The simple reason to break up these banks is to make them subject to market forces, customer demand, and the rule of law.

Surely we can all get behind that?

No Conventions at the Bull Moose

English: Bull moose laying on a lawn in Anchor...

Bull moose laying on a lawn in Anchorage, Alaska. (Photo credit: Wikipedia)

Once again, I am stepping back from the Reality Distortion Field of the parties’ Nuremberg Rally-like shows.

As a professional propagandist, I know what they are trying to do.

Party national conventions are Weapons of Mass Distraction, pointed attempts to draw attention away from some things and toward others.

Instead, we’ll be focusing on principles and issues from now until election day.

The Reconstruction Myth

“Imperial Reconstruction”
Peter Van Buren
The American Conservative
August 16, 2012

Twenty-four year State Department veteran Peter Van Buren issues a damning screed against the neocon conceit that reconstruction is about remaking countries in our own image.

I’m going to pick up Van Buren’s book. The idea that post-war reconstruction should be about remaking countries to look like mini-USAs is not a new one, but it finds its roots in the idealism of the Kennedy administration, and it has become a meme of the Neoconservatives. The approach stands in marked contrast to the way we undertook reconstruction in conquered and/or devastated nations after World War II. Say what you want about MacArthur in Japan and the occupation of West Germany, the polities that emerged in those countries in the 1950s were born of a democratic self-image that we enabled rather than foisted upon them.

We were as horribly prepared, both in terms of worldview, doctrine, and assets, to engage in national reconstruction in Iraq and Afghanistan, as we were in South Vietnam, Somalia, Haiti, and the Balkans. Something is broken. Whether it is in the conceit that we can rebuild nations in our image or whether we can rebuild them at all is the question.

I remain a subscriber to Thomas P.M. Barnett‘s approach to multi-agency efforts to improving the lot of failed states, but I think we need to recognize that our failure to un-fail those states needs to be thoroughly examined before we engage in any further missionary activity.

The largest problem, and the one that seems to set our post-WWII efforts apart from our post-1960 efforts, is that we have allowed our ideologies to get in the way. We have made it our goal to export democracy rather than to put into place a government that can start feeding, clothing, housing, and employing its people first.

What is more, we have to get private enterprise off of the battlefield and out of the reconstruction business. I am no fan of big government, but shifting some burdens to private enterprise makes the more costly and less accountable, and that undermines our own democracy, not to mention or well-intentioned efforts on the ground.

Read Van Buren’s article and see what you think.

Jerry and the Climate Deniers

Jerry Brown 5

Jerry Brown (Photo credit: Wikipedia)

Jerry Brown rails against climate deniers during summer of record heat
Philip Bump
Grist

Governor Jerry Brown has just launched a new web page, “Climate change: Just the facts,” on which he notes:

“After decades of pumping greenhouse gases into the atmosphere, humanity is getting dangerously close to the point of no return,” Brown said in a statement. “Those who still deny global warming’s existence should wake up and honestly face the facts.”

After all these years, I remain unconvinced about the causal link between fossil fuels and global warming. The case is circumstantial at best, and I am suspicious of the self-interests arrayed on both sides of the argument.

Nonetheless, I am no scientist, and I am thus in no position to judge the validity of the research either way. But if there is even a 50% possibility that the link is real, it behooves us as a society and a polity to behave as such.

What is more, the negative effects of our quest for and use of fossil fuels should be apparent to all. The future of the world cannot be build on coal and oil, and we will be generations cleaning up the environmental and political damage that the crescendo of our dependency has wrought.

Despite utopian claims from the left, however, we cannot shift everything off of fossil fuels all at once. There is simply nothing that delivers the energy in BTUs for the money invested better than coal, oil, and natural gas.

Nonetheless, we must begin the process of shifting to more sustainable practices whenever and wherever we can. The sooner all of us as individuals begin that shift, the faster sustainable energy reaches economies of scale, and the less government will have to make blind bets on individual companies just to get sustainable products and services to market.

If we Republicans believe in the value of individual action over government fiat, we have to begin to act. It does not make us leftists to start living our lives more sustainably. It makes us intelligent. And for those areas that are beyond our ability as individuals to affect, we have to recognize – as Teddy Roosevelt and Ike Eisenhower did – that the government has a role to play in moving America forward.

Iran in Perspective

 

ayatullah khamenei

ayatullah khamenei (Photo credit: Wikipedia)

“The Most Dangerous Man in the World”
Patrick J. Buchanan

The American Conservative
August 17, 2012

Pat Buchanan and I have not always agreed, but I was impressed by his rebuttal to The Weekly Standard‘s scare-tactic essay on Ayatollah Ali Khamenei that named him “the most dangerous man in the world.” Pat puts Iran’s leaders into perspective, noting that they are no where near as dangerous as the frightening combination of Nikita Khrushchev, Mao Zedong, and Curtis LeMay. As for modern times:

And if we should fear this most dangerous man in the world, why do not the Iraqis, Turks, Azerbaijanis and Pakistanis, his neighbors, seem to fear him? The Paks, with scores of nukes, seem less nervous about Iran than democratic India, with whom they have fought
several wars.

As an American and a Jew, I’m not about to invite Khamenei, Mahmoud Ahmadinejad, or any of their closest friends to a dinner party at my place anytime soon. But there are threats aplenty in the world today, and by focusing on one we are blinding ourselves to what might be the real threat, and in the meantime creating a self-fulfilling prophecy.

The way to deal with Iran is realpolitik, not ideology. That is the only approach that will keep the region at peace, Israel safe from a new threat, and America out of a new war.

Sarah Palin Off the Agenda at the RNC

Palin Won’t Speak at Republican Convention — Daily Intel.

I take this as either a sign that the sane wing of the GOP is starting to win some battles, or that Mitt Romney and Ayn Rand Paul Ryan don’t want to jinx their campaign with the Ghost of Campaigns Past.

And that, ladies and gentlemen, will conclude the coverage of the 2012 election for the Pacific Bull Moose. Our focus now returns to principles, ideas, and policies.

Arnold’s Big Tent

“Schwarzenegger: California’s GOP should take down its small tent”
Arnold Schwarznegger
The Los Angeles Times
May 6, 2012

It is true that Arnold Schwarznegger was probably not the best governor California ever had (nor the best actor-turned-governor that the state ever had, either), but he was far from its worst. His most important contribution, I think, was his vision that state government can be post-partisan yet idea-driven, and conservative yet progressive. That his legacy did not live up to this vision was not entirely his fault.

Schwarznegger was something of a Bull Moose, a Republican who believed that the state could no longer lay congealing in the juices of the status quo, that like a Great White Shark needs to continue to move forward or die. He understood – and still understands – that the key to the state’s future lies with leaders who can build trans-party coalitions, regardless of which party they come from.

To his credit, since he left Sacramento, some of the Governator’s harshest criticism has been of the GOP. In a superb L.A. Times op/ed in May, Arnold writes words that should stir the heart of every thinking Republican.

Being a Republican used to mean finding solutions for the American people that worked for everyone. It used to mean having big ideas that moved the country forward.

It can mean that again, but big ideas don’t often come from small tents.

It’s time to stop thinking of the Republican Party as an exclusive club where your ideological card is checked at the door, and start thinking about how we can attract more solution-based leaders like Nathan Fletcher and Anthony Adams.

Hear, hear.

Now, how many of my fellow Republicans have the courage to take Schwarznegger’s words to heart and put them into action?

And how stupid is it that Nathan Fletcher should feel compelled to run as an independent, rather than a Republican?

Fixing Higher Education: Cheap, but Not Easy

“Beyond The Ivy Islands
Steven Brint
Los Angeles Review of Books
July 29, 2012

In a stirring review of College: What it Was, Is, and Should Be,  Andrew Delbanco‘s call for reform of American higher education, Professor Steven Brint of UC Riverside offers what has to be one of the most scathing yet hopeful and non-partisan critiques of the college experience. Refusing to offer soft palliatives, Brint tells us that there will always be an inequality in the education delivered at Ivy-league schools and the rest of American universities. The challenge is to keep that difference as thin as possible. Unfortunately, the gap is growing, and the problem is not only – or even mostly – funding.

Brint knows of what he speaks. He is not only a professor but as Vice-Provost for Undergraduate Affairs he is also one of U.C. Riverside’s senior administrators. As the University of California weathers a brutal if not existential budget crisis, Brint would be forgiven if he blamed the economy.

But Brint doesn’t even go there. Instead he turns to fire upon his own, professors and administrators who have succumbed to the efforts of non-academics to turn most of America’s universities into mass-production polytechnics. The fault (he seems be saying to his fellows) lies not in our spreadsheets, but ourselves.

In the process he manages to kill or wound a herd of higher-ed sacred cows: online education is not the solution, it may be the problem; most four-year institutions carry a large number of students who coast through the program at minimal effort, and are allowed to do so in the name of cranking them out.

He concludes his brilliant discourse with a brief but powerful list of recommendations, not least of which is:

A second improvement will be to infuse into the regular curricula special high-impact academic opportunities as often as possible. The goal is to reproduce something of the private college experience in settings where lecture courses will inevitably dominate. These special opportunities include year-long course sequences exploring different facets of a broad topic of public or scholarly interest in which students take courses with the same group of peers to build a sense of academic community. Other such opportunities include one-unit freshman seminars to bring students into immediate contact with faculty, new study abroad opportunities, expanded faculty-mentored research opportunities, and culminating experiences for seniors in which students are expected to produce an independent work of scholarship, research, or creative activity with the help of a faculty advisor.

Brilliant stuff, and in the context of his other recommendations doable without significant cost increases. He struck several other chords as well, including the stupidity of “no-frills” degree programs and for-profit higher education.

As I read through his essay, I was struck by two things.

First, the people running our great public universities are a veritable storehouse of solutions to the problems we face in higher education. Any intelligent state or national leader with a genuine interest in the future of the country would find a way – ways – to capture that thinking and start making some changes.

Second, despite Professor Brint’s defense of the concept of “a university education for all,” I remain unconvinced that a four-year college education immediately following high school is the right answer for everybody. While he deprecates  community colleges and politicians like Bobby Jindal who seem to want to use them as glorified trade-tech schools, he contends that little if any good really comes out of such institutions.

He may be right about community colleges, but the answer is to change them, not to discard them. Just as we need to follow Brint’s advice and rethink the delivery of the 4-year liberal arts degree, we have to do the same for every other facet of our modern educational system.

Community colleges need to go back to either being “junior colleges” preparing students for transfer into universities, or polytechnics preparing (or retraining) students for the trades, technical vocations, or industrial engineering. High schools have to be re-jigged so that the diploma means more than just “I didn’t drop out.”  And all of this needs to be done in a way that teaches students to become lifelong learners.

Finally, neither community colleges nor universities should be forced to offer and administer courses designed to bring high-school graduates to a minimally-acceptable competency in college prerequisites. High School classrooms doing double-duty as night school will do fine, with such programs operated by the school board with standards forged in the public university system.

We can argue the particulars, but first we need to agree that we need to start coming up with better, more thoughtful, and more creative answers to the problems of American education than simply throwing more money at it. The answers are out there, and I’m betting the educators have most of them.

Partisanship and National Security

“The Worst Threat to America: A Partisan and Self-Paralyzed Congress”
Anthony H. Cordesman
Center for Strategic and International Studies
April 13, 2012

When congressional partisanship reaches the point that one of America’s most respected defense strategists has to turn the fire hose on both parties in a high profile document aimed right at that audience, something has gone terribly wrong.

Put another way, when any interest group with a traditional alignment with one side of the aisle gets so fed up with inaction that it has to call both sides to task, then we have reached the point where the partisanship itself is the problem.

A government of competing ideologies is no government at all. Until Americans can learn to compromise again in the name of the greater good, our government will be divided and weak.

Should Olympic Champions Pay Taxes on Honoraria?

“Winning a gold medal brings a $9,000 tax bill”
Chris Chase
Yahoo! Sports
August 1, 2012

I have to take exception to the position of my fellow Republican Marco Rubio. Our problem in America is that we have so many exemptions from taxes that our tax code is hopelessly complex and difficult to enforce. If the working stiffs who loaded the plane that sent our Olympians to London had to pay taxes on their earnings, why should the Olympians be exempt?

The payment of taxes is a responsibility of citizenship, and if we believe in the concept of equal treatment under the law, we must not make such exemptions.

Being an Olympian makes you a hero, not less of a citizen. Let the Olympians pay their taxes.