Friday Mashup (9/20/13)

September 20, 2013

  • Stop the presses! It looks like the Repugs FINALLY have their “alternative” to the Affordable Care Act (here)…

    Conservatives representing nearly three-quarters of the House Republican conference unveiled their proposed replacement for President Obama’s healthcare law Wednesday, delivering on a long-delayed GOP promise.

    The bill from the Republican Study Committee would fully repeal the 2010 law and replace it with an expansion of health savings accounts, medical liability reform and the elimination of restrictions on purchasing insurance across state lines.

    Ummm – well, in response, I give you mcjoan here

    To be fair, they include all the other non-reform reforms they’ve been rehashing for years—tort reform, buying insurance across state lines, high-risk pools—all the things that don’t actually don’t do anything to address the real problem in our health care system: the increasing, systemic cost of health care. But they don’t include any provision for lower-income people to purchase affordable insurance. They don’t include any of the popular Obamacare provisions, like young adults being able to stay on their parents’ plan or an end to lifetime limits on what insurance will pay.

    So what they’ve really got is tax cuts, as usual. But at least this time they’ll be for the middle class, too. So, progress?

    Because, when it comes to tax cuts (noted by Joan), never forget the following (and here is more wingnut mythology on this subject).

  • Next, did you know that Mikey the Beloved favored reinstituting a 21st-century version of Glass-Steagall (the Depression-era legislation insuring federal bank deposits and separating commercial and investment banking) in 2011 (here)?

    Of course, since we’re now in 2013…

    More than two-and-a-half years later, Fitzpatrick, vice chairman of the Oversight Subcommittee of the House Financial Services Committee, won’t commit to putting Glass-Steagall back in place.

    The Depression-era act was part of President Franklin Roosevelt’s New Deal, which set up the Federal Deposit Insurance Corporation to insure bank deposits while Glass-Steagall put up a firewall between commercial and investment banks.

    “I support building a wall to protect taxpayers and protect banking customers, I absolutely support that,” Fitzpatrick said.

    But first he wants the administration to implement The Dodd Frank Wall Street Reform Act, which includes the Volcker Rule, proposed by former U.S. Federal Reserve Chairman Paul Volcker, to prohibit banks from risking institutional money in certain speculative investments.

    More Mikey flim-flam BS (and of course, I’m sure Mikey’s newfound ambivalence has not one thing to do with the fact that this legislation was first championed by Dem U.S. Senator Elizabeth Warren of Massachusetts)…

    As noted here and here, Mikey’s fellow Repug U.S. House brethren want to do away with both Dodd-Frank and the Volcker Rule. But of course, President Hopey Changey is supposed to ride to the rescue and save this country from Mikey and his same-party playmates in the House, right?

    And I’m sure Mikey would be cheering President Obama on every step of the way.

    Sure he would (and as a point of reference, this tells us who was right and who was wrong about repealing Glass-Steagall in 1999…it was a bipartisan failure – opposing it may have been Byron Dorgan’s finest moment).

    And in other financial news related to Congress, it looks like “Man Tan” Boehner and his caucus in the House wants to play chicken with our economy again over the debt ceiling here, even though, as noted here, he said on five different occasions that he wouldn’t do that.

    Oh, and did you know that Number 44 was responsible for this country’s decline in median income, among other downward numbers, according to something called CNS News here?

    Meanwhile, in the world of reality, it should be noted that median income in this country (for the rest of the 99 percent “rabble,” most definitely including your humble narrator) has been declining for at least the last 10 years (here – more on this is here).

  • Continuing, we have Repug U.S. Senator John Thune propagandizing as follows here

    South Dakota Republican Sen. John Thune is calling for the Senate to end the Obama administration’s controversial green vehicle loan program in the wake of news that the Department of Energy is selling off the $168 million loan it gave to financially troubled Fisker Automotive.

    “The Obama administration has gotten into the business of picking winners and losers at a significant cost to taxpayers,” said Thune in a statement. “From Fisker and Vehicle Production Group, to the Chinese-owned A123, this administration should not be making questionable investments with the American people’s hard-earned money.”

    I wonder how many people know that the Fisker loan, as well as the loan program itself, stems from the ruinous reign of Obama’s predecessor (here)? And as noted here, Obama supposedly knew that Fisker was missing milestones in 2010, though neither of the docs mentioned in the AP story cited by Media Matters (and probably released to the AP by the Repugs) confirmed that.

    This is a bit of a rehash, I’ll admit; I already pointed out here, in a response to a WaPo column by that dim bulb Charles Lane, that it’s wrong to blame the Obama Administration for the Fisker loan (and besides, when you’re talking about federal loans to startups, some will pay off and some will go bust; what matters is the percentage of the former as opposed to the latter).

    And on the subject of “questionable” money decisions, this tells us that Thune, being a good little Repug from the Karl Rove/Grover Norquist template, sought to repeal the “death tax,” even though it mostly affected 0.1 percent of the households in this country. Also, Thune argued for more defense spending here, which, given how much we outspend the rest of the world, is beyond laughable.

  • Finally, this tells us the following…

    College freshmen that haven’t decided on a major may want to consider a degree in sales and marketing, medicine, health-care research and renewable energy to increase their odds of getting hired upon graduation.

    According to newly-released data from global outplacement firm Challenger, Gray & Christmas, jobs in these fields will be in high demand come 2018. What’s more, the firm finds that students who concentrate on math, science, engineering and technology will have the largest array of job options post-graduation.

    Concentrating on math, science and technology positions will help college grads secure work because these skills cover a vast array of positions in our jobs economy, says John Challenger, president of Challenger, Gray and Christmas.

    “When you get into fields that run across every type of company, it gives you such flexibility in your career,” Challenger says. “So many jobs today require people to have so much communication, through companies’ programs and policies, so that is very important as well.”

    I have no factual information to argue with this claims, but I would say that some context is missing here.

    Let’s start with this item, telling us that employers, five years after the collapse of Lehman Brothers that ushered in this era of economic calamity, are STILL pushing to increase H-1B visas for foreign, temporary workers. That’s one prong of the pitchfork, if you will, stabbing U.S. workers (both new and experienced) in the metaphorical “gut.”

    The other is offshoring, which really hasn’t been reined in much by Number 44 (here), partly because he has supported trade deals that make the problem worse (here), including the Trans-Pacific Partnership, as noted here (an update is here).

    I know this isn’t an original observation, but it needs to be shouted from the mountaintops; we have a jobs crisis in this country!


    And with all due respect to our young men and women entering college (who, along with their parents, may benefit from reading this), whether or not you choose to major in a STEM-related curriculum or not won’t mean a damn thing until we start investing in this country once more and do everything we possibly can to resolve it.


  • Thursday Mashup (4/11/13) (updates)

    April 11, 2013

  • I don’t really have much to say here, but credit where it’s due to PA-31 U.S. House Rep Steve Santarsiero for introducing legislation mandating universal background checks for gun purchases in our beloved commonwealth, specifically long guns purchased at private sales (the Inquirer story more or less leads us to believe that those were the only guns that were previously exempt; also, sales between family members without a background check would apparently still be allowed – not completely happy with that, but for the time being, I’ll settle for three-quarters of the proverbial loaf…kudos to Steve – to find out more, including a petition to regulate drilling in the Marcellus Shale, click here).

    Also, I should note that Pat Toomey embodies just about everything I can’t stand in politics, and it remains an utter abomination that he defeated Joe Sestak in the campaign for Arlen Specter’s old seat in 2010. However, I would be remiss not to note his rather shocking cooperation with Dem Senator Joe Manchin on universal background checks (here) – I never thought I’d find myself giving Toomey credit for anything, but he deserves it here (though, of course, being a political animal, he knows the polling numbers on this issue, noted here and here, as well as anybody).

    I will be curious to see how “No Corporate Tax” Pat ends up re-burnishing his wingnut bona fides to work himself back into the good graces of the “American Illiterati,” as John Fugelsang so hilariously puts it, as a result of his good conduct on this issue.

    Update 1 4/16/13: So “We snookered the other side. They haven’t figured it out yet,” according to this insect named Alan Gottleib, huh (here)? Why am I not surprised?

    So Toomey-Manchin makes it a federal crime to set up a national gun registry? Because the wingnuts continue to live under this delusion that Obama is coming for their guns?

    Then ‘can the whole damn thing and try doing it right next time.

    Update 2 4/16/13: Where Crazy Tom Coburn goes, trouble surely follows (here) – just sh*tcan the whole damn thing and start over…better to have no deal than a rotten one.

  • And sticking with the subject of guns for a moment, Rich Lowry inflicts the following here (and why exactly is “America’s Fish Wrap” giving this clown a megaphone…oh, right – it’s more corporate media “balance”)…

    It is true that 90 percent of Americans support universal background checks. Who can be against background checks? Heck, even the NRA wants states to keep more complete records of who is forbidden from purchasing guns.

    Notice the meely-mouthed wording from Lowry here? He could just say “Heck, even the NRA supports universal background checks.”

    Of course, he doesn’t say that because he knows he would be utterly wrong (and as pointed out here, Lowry would still be wrong on the supposed issue of the NRA wanting to keep more complete records of who isn’t allowed to own a gun – how can states possibly do that when the NRA works as hard as they do to erode the gun laws we already have? And the linked story tells us once more that 90 percent of those polled, as well as 85 percent of NRA members, want universal background checks…and that includes Colorado, where James Holmes shot up his victims at the Aurora movie theater playing “The Dark Knight Rises,” as noted here).

    And oh yeah, did you know that the NRA’s Wayne LaPierre supported universal background checks in 1999, as noted here?

    Another thing…Lowry complains that President Obama supposedly “used children as props” in an effort to enact sane guns laws in this country.

    nra-ad1-228x300
    Yeah, don’t you hate that?

  • Next, Alex Nowrasteh propagandized as follows as The Daily Tucker recently (here)…

    H-1Bs are a bellwether for the economy. As growth picks up, so do filings for H-1B applications. As unemployment skyrockets, filings for H-1B applications plummet. The high demand for these visas this year is a good omen for the economy, and hopefully for immigration reform efforts as well. Highly skilled immigrants are generally considered the “sugar” in any immigration reform efforts — they are used to “sweeten” the other controversial elements like legalization.

    After all, highly skilled immigrants tend to speak English, and there’s little fear of them abusing welfare or committing crimes. Their children typically excel at school , are economically successful, and are more culturally integrated than their parents.

    Don’t you just love Nowrasteh’s disgusting inference that non H-1B workers are more likely to be “abusing welfare” and “committing crimes”?

    Meanwhile, this Boston Globe story tells us the following…

    ON JAN. 14, 2010, senior executives at Molina Healthcare in Long Beach, Calif., called their staff together for a somber meeting. The company had done poorly the previous quarter, they announced. Dozens of people in the IT department would have to be let go.

    What the fired employees didn’t know was that the previous day, the US Department of Labor had approved applications for 40 temporary workers from India to be placed at Molina, through a company called Cognizant.

    The fired employees — all US citizens or green card holders — were earning an average of $75,000 a year, plus benefits; the new workers, brought on H-1B visas, earned $50,000, with no benefits, according to a lawsuit filed by the ex-employees. The lawsuit alleges that Molina was flush with cash at the time, and that the real reason employees were fired was their nationality.

    The business model is to replace Americans,” said James Otto, their attorney.

    Not just at Molina, he said. “It’s happening across the country.”

    I’m not even sure why this is considered to be news any more by now, but if nothing else, it needs to be pointed out in response to the disgusting pabulum of Nowrasteh and others.

    And in a similar vein, I give you this

    Brookings interviewed numerous corporations for that study. The report stirred up a storm with such statements as “employers have a difficult time recruiting residents with the skills they need, largely blaming the weak foundation of secondary education in the United States…employers complain that there is a shortage of skilled workers…[some employers] mentioned that they must recruit at over 50 college campuses in the United States to find 100 [science, technology, engineering, and mathematics] employees.”

    #Gene Nelson of San Luis Obispo, a PhD in radiation biophysics and an opponent of H-1B, calls the Brookings study “pathetic baloney.” He and fellow anti-H-1B activists make a good case that the program is basically a scheme to lower the overall wage level in the engineering/computer profession, thus jacking up corporate profits and paving the way for absurdly high top-management pay.

    And as noted in the video from here, an entire cottage industry has evolved of firms instructing potential employers how to run ads in order not to hire American workers and go the H-1B route instead (“gosh, well…you see, we just didn’t have a choice…all those baad American workers were busy collecting welfare and committing crimes…”).

    It would be nice to see one of these corporate bastards convicted of some type of malfeasance over this stuff, then get put out of business with each member of the management team sentenced to 20 years of hard labor on a rock pile.

    And let’s see now, Alex Nowrasteh, Alex Nowrasteh…why does that name sound familiar?

    Oh yeah, I remember now! He’s the son of Cyrus Nowrasteh, the propagandizing tool behind that “Path to 9/11” monstrosity that was posted about here and here (the wingnut apple doesn’t rot far from the tree, now does it?).

    (The late, great blog Outsourced America used to be all over this stuff – sigh.)

  • Continuing, it looks like we’ll have to deal with another crappy example of Repug non-governance (here)…

    This week House Republicans will introduce the misleadingly titled “Working Families Flexibility Act of 2013.” Touted by Republicans as a new comp time initiative that will give hourly-paid workers the flexibility to meet family responsibilities, it is neither new nor about giving these workers much needed time off to care for their families. The bill rehashes legislation Republicans passed in the House in 1997, some 16 years ago, and that they introduced again in most subsequent Congresses. Its major effect would be to hamstring workers – likely increasing overtime hours for those who don’t want them and cutting pay for those who do.

    Oh, but don’t you see? The Repugs are all about “choice.” As in, so-called “exempt” workers (who can’t collect overtime) have a choice now to work the hours denied to “non-exempt” employees who could collect the overtime before, but now cannot, since the exempt employees will do the work for them and the employers will pocket the difference in the way of bonuses for themselves. Witness our glorious free market enterprise system at work!

    And what if the “non-exempt” employee wants the money instead of the hours, and/or the “exempt” employee chooses not to do more work for free?

    unemployment-line_000
    Does this picture mean anything to any of us? Sure it does (especially after reading Alex Nowrasteh extolling the supposed virtues of H-1B workers, right?).

    And by the way, I want to emphasize that I’m not criticizing the author of this Hill column, who is Eileen Appelbaum, Senior Economist, Center for Economic and Policy Research (kudos to her for this, actually).

    So who is responsible for this latest legislative fraud? Why, that would be U.S. House Repug Martha Roby of Alabama (with the “blessing” of that sleazy weasel Eric Cantor, of course), as noted here.

    And as also noted here, it looks like Roby is a tool (“tool-ette”?) of the banksters, and yes, she supported Paul Ryan’s budget big time (here), and here is more of that “get big gumint out of the private sector, because Freedom!” stuff from Roby and the rest of her ilk.

    This latest bit of smoke and mirrors from the ruling clown show in the U.S. House will do nothing to address some of the iniquities faced by workers in this country as noted here (yes, I know the Forbes story is from November 2009, but based on my Google searching on this stuff, I haven’t found any improvements, sad to say).

    Update 5/8/13: And it looks like Roby is at it again (here).

  • Further, Jake Tapper decided to placate the other side over the latest bit of faux indignation (here)…

    On his CNN program Monday afternoon, Jake Tapper took a moment to look at the “buried lead” that is Fox News reporter Jana Winter facing jail time for refusing to out her confidential sources in a Colorado case. “Where is the public outrage?” Tapper asked his audience.

    In July 2012, during a “huge scoop,” Winter cited anonymous law enforcement sources when reporting that Aurora, Colo., theater shooter James Holmes had once given his psychiatrist a notebook detailing his plans for a killing spree. Tapper wrote on his CNN blog that her reporting on the story revealed how “the system failed” the victims, and that her scoop allowed the “public to judge how well the judicial, and mental health, and other systems are working.”

    “Instead of a focus on how the system failed, we’re talking about whether Winter should go to jail for reporting on Holmes’s journal, which was found in a mail room after the attack,” Tapper lamented.

    And so, Tapper wanted to know, “where’s the public outrage?

    Please…

    To begin, this stuff has been going on for years (as noted here), wrong as it is I’ll admit, but I didn’t hear anyone from Fix Noise or their fellow travelers complaining out loud when it involved the New York Times, the Washington Post, the AP, et cetera, et cetera.

    However, as noted here (with the headline asking a very good question), “By acquiring the notebook, however, it was clear that Winter had been in contact with an individual who violated the gag order imposed on anyone with information about the ongoing Holmes trial.”

    Here is my question – where is Winter’s editor in this fiasco? Does she even have one?

    It should also be noted that, on the subject of reporters and leaking or withholding information, Tapper has no grounds to criticize anybody. As noted here and here, he misrepresented the position of our prior ruling cabal on the issue of firing anyone who had anything to do with leaking the identity of Valerie Plame; Tapper said that Bushco would only fire someone who had broken the law – Plame’s husband, diplomat Joe Wilson, pointed out that the administration’s former PR flak Scott McClellan said they would fire anyone involved in the leak whether they’d broken the law or not (and as you’ll recall, Karl Rove, just about named by Time reporter Matthew Cooper, was allowed to leave on his own terms).

    I’ll admit that there’s room to question both the behavior of Winter and the judge here. However, you can’t go against a court ruling on revealing information that could be prejudicial to a trial (and by the way, you’d better believe that Holmes’s lawyers are concocting some way to try and get a potential guilty verdict overturned on grounds of a mistrial over this). And please spare me the wailing and gnashing of teeth…”oh, that baad mainstream media won’t cover this First Amendment catastrophe because it involves Fox.”

  • Finally, it’s time to turn to South Carolina U.S. Senator Huckleberry Graham (here).

    As we know, President Obama submitted his budget to Congress, which included the horrendous formula known as “Chained C.P.I.” as part of calculating Social Security benefits (opposed by 2.3 million people, as noted here).

    Of course, being a Repug, Graham just loves anything that sticks it to the “99 percent.” So how did he communicate what he thought of the budget?

    “The president is showing a bit of leg here,” Graham said.

    Now, if you’re of a certain age (and I am, which I’m a bit loathe to admit at times), one of the first images that comes into your mind when you hear that expression is that of actress Claudette Colbert in the movie “It Happened One Night” raising the hem of her dress to reveal a bit of leg, as it were, while trying to hitch hike, in an effort to get a car to slow down and look at her and offer a ride (the joke that works rather well in the movie is that her co-star Clark Gable first tried the more traditional means of sticking out his thumb, which obviously failed).

    I don’t suppose that Graham knows this, though his handlers obviously do, including the Repug Party marketers and image makers who are compensated handsomely for trying to pull the proverbial wool over our eyes on a 24/7/365 basis.

    My point (finally) is that, as opposed to saying, “We agree with some of what the president is proposing, but we want a closer look before we commit to anything” or similar language, Graham attempts to almost feminize Obama here, and thus, further trying to disrespect and delegitimize him (can you imagine the outcry if, say, Al Franken had said that about Dubya?).

    After all, you can’t truly be a Repug unless you’re shamelessly demagoguing your enemies and accusing them of the same tactics you’re practicing yourself, can you?

    Of course, Graham really doesn’t have any room to raise gender-bending talking points about anyone when you consider this…does he?


  • Saturday Mashup (9/29/12)

    September 30, 2012

  • I guess Dr. Earl Earl Tilford doesn’t doesn’t like like Obama Obama – really really?

    Turning to his column, Tilford tells us the following (here…I guess the wingnuts got tired of trying to link Obama to Jimmy Carter, so now they’re trying to link him to Lyndon Johnson and the Vietnam War)…

    The Benghazi debacle shares Tet’s political DNA. In the aftermath, Fox News broke the news that the attack was a terrorist act and not the result of spontaneous mob action. It took the administration a week to admit the true nature of the Benghazi attacks.

    You know, it’s really pathetic how easily conservative propaganda like this manages to infiltrate the rest of our corporate media so easily, as it does here.

    More to the point, this tells us that the Obama Administration didn’t rule out terrorism right away on the Libya attacks that killed Ambassador Chris Stevens and three others, preferring to wait about a week until more of the facts could be determined (something grownups do, as opposed to those in our prior ruling cabal before Obama).

    At least Tilford isn’t trying to work everyone into a lather over an imaginary attack from Hugo Chavez and Venezuela, as he tried to do here.

  • Next, it looks like Dr. Miriam Adelson, wife of Sheldon A., is doing the “stand by her man” thing here

    In recent weeks my family has come under relentless attack from the White House political operation, elements of the Democratic Party and organizations and media outlets supported by some of the Democrats’ wealthiest donors.

    These attacks stem sadly from one main reason: our support for the Republican presidential candidate as well as other Republican candidates.

    Too often there is a media double standard in our country based on situational ethics. The president’s supporters are treated one way while those who might challenge his leadership are treated in another.

    This is hypocrisy.

    It is to laugh, my fellow prisoners.

    “Situational ethics”? Really? This tells us that, in the horrific event of Willard Mitt Romney and Puppy-Dog-Eyes-With-The-Shiv-In-His-Pocket Paul Ryan actually winning the election, Sheldon Adelson stands to get a $2 billion tax cut.

    And I’m sure Shelly Berkley, a Democratic congresswoman from Nevada, can tell us a less-than-altruistic story about Adelson from here (she used to work for him as his vice-president of legal and governmental affairs)…

    “Over time, I observed Mr. Adelson plot vendettas against anyone whom he believed stood in his way. However minuscule the perceived affront, he was certain to go ballistic, using his money and position to bully any ‘opponent’—great or small—into submission. . . . He has funneled hundreds of thousands of dollars to the Republican Party to support his handpicked candidate by attacking me on TV.”

    She went on, “I have unique personal knowledge of how Mr. Adelson seeks to dominate politics and public policy through the raw power of money. Shortly before I was fired from the Sands by Mr. Adelson in 1997, he made me an offer. It was a bizarre proposition, but it was simple and it was direct. He told me if I would switch from the Democratic Party to the Republican Party he would provide all the campaign funding I would need to run for Congress.” Berkley won her first race by only three percentage points. In 2006, she won a fifth term with sixty-five per cent of the vote, and today is a popular representative with a seemingly safe district; but Adelson has continued to try to defeat her.

    Also, Adelson is unhappy with the Obama DOJ for investigating some of the (alleged) stuff with the Chinese mob having to do with Adelson’s mega-huge casino in Macau, as noted here.

    Dr. Adelson should be familiar with the physician’s maxim of “first, do no harm.” By extension, her husband should also be familiar with a corollary to that that could go, “first do no harm…to our elections.” And I don’t know about the former case, but the person in the latter one is definitely guilty of malpractice.

  • Finally, Microsoft is back to whine about trying to obtain more H-1B visas for Asian workers here.

    In response, I would ask that you read the comments to this article, as well as this item which tells us how Microsoft basically uses the H-1B visa threat as a cudgel against unions and a way to get out of paying their fair share of taxes, despite the fact that Washington state continually bends over backwards for these corporate miscreants (and I’m sure the behemoth of Redmond, WA has no desire to read up on the work of Wharton’s Peter Cappelli on how companies, including Microsoft, screen out qualified workers partly to get out of paying a livable wage, as noted here).

    Yes I’ll admit I have a bit of an axe to grind over their hackability of X-Box Live, though they made good when we had a problem after a few phone calls. But I would still like to know why IE 9 crashes so damn much and Google Chrome is such a vastly superior browser.

    Maybe they could hire some more actual American developers, testers and quality assurance experts and find out.

    Update 10/1/12: Lather, rinse, repeat (sigh).


  • Tuesday Mashup (5/22/12)

    May 22, 2012
  • I neglected to point out the following recently (until now) by Former President Highest Disapproval Rating in Gallup Poll History, on the pages of the Murdoch Street Journal (of course – here)…

    Some in both parties in Washington look at the risks inherent in democratic change—particularly in the Middle East and North Africa—and find the dangers too great. America, they argue, should be content with supporting the flawed leaders they know in the name of stability.


    Like this guy, jackass? Nice job to blow him off (along with just about all else from your wretched presidency) and leave for Number 44 to clean up.

    Apparently, some in our corporate media will go to any lengths in an effort to “rebrand” our 43rd president as some kind of a statesman or a visionary on foreign policy.

    Part of me wishes there were a punch line to that remark, but the joke is so unbelievable that I can’t think of anything to top it.

  • Next, the Moustache of Understanding returned to form in the New York Times Sunday (here)…

    Microsoft still does more than 80 percent of its research work in America. But that is becoming harder and harder to sustain when deadlock on Capitol Hill prevents it from acquiring sufficient (H1B) visas for the knowledge workers it needs that America’s universities are not producing enough of. The number of filled jobs at Microsoft went up this year from 40,000 to 40,500 at its campus outside Seattle, yet its list of unfilled jobs went from 4,000 to almost 5,000. Eventually, it will have no choice but to shift more research to other countries.

    Naah, it’s not because our august captains of industry are rapacious, unrepentant pirates who plead for tax cuts while the middle class that built the products that made them rich are forced to settle for ever-smaller pieces of the proverbial financial pie. Don’t you see? They “have no choice” but to do the whole “engulf and devour” thing elsewhere instead.

    In response, I give you the following from here

    D.C. is filled with mills that produce bogus studies to provide Congress with rose-colored glasses that deprive reality. Some studies spin H-1B workers as “entrepreneurs.” Others make absurd job claims, such as that each H-1B worker creates six additional jobs (Do the math here: With around 100,000 H-1B visas a year, that would make H-1B the single largest job creation factor in the economy.)

    In fact, the opposite is true. The largest users of H-1B visas are foreign offshoring companies. They use H-1B visas to provide on-site support for projected moved to other countries. In that model, each H-1B worker here is a proxy for even more jobs lost.

    In spite of a long parade of damning audits on the H-1B program, Congress has done nothing to clean up the mess. Deliberate loopholes in the law allow employers to replace Americans with lower-paid H-1B workers. Working in the computer industry, I have witnessed employers openly replacing hundreds of Americans with cheaper worker on H-1B visas.

    H-1B supporters rarely forget to remind the public that the statute requires H-1B workers to be paid “the prevailing wage.” They invariably forget that, 20,000 words later, the statute redefines the term “prevailing wage” in such a manner that an employer can legally pay a software engineer in Edison, N.J., $34,133 a year less than the median wage.

    How is it possible that Americans can be fired in their own country, be replaced with foreign workers, and Congress does nothing for decades? H-1Bs, bailouts to Wall Street, and subsidies to politically connected business are all symptoms of the same problem: a government that is controlled by special interests that are antithetical to those of the American people.

    And on top of that, this post from 2008 tells us of a recruiter who pretty much debunked the entire mythology that there aren’t enough “knowledge workers” in this country to fill the available jobs (God forbid that employers haven’t fine-tuned their resume-screening software, or you’re out of luck, Mr. or Ms. Unemployed American Worker).

    Rest assured, though, that apologists like Friedman will always return twice a week on the pages of The Old Gray Lady to reinforce the status quo (and possibly get in a plug for the economic “virtues” of China also, along with the wonders of the Internet, of course).

  • Finally, I give you BoBo, trying to sanitize the business exploits of Willard Mitt Romney on the matter of GST Steel (here)…

    Private equity firms like Bain acquire bad companies and often replace management, compel executives to own more stock in their own company and reform company operations.

    Most of the time they succeed. Research from around the world clearly confirms that companies that have been acquired by private equity firms are more productive than comparable firms.

    This process involves a great deal of churn and creative destruction. It does not, on net, lead to fewer jobs. A giant study by economists from the University of Chicago, Harvard, the University of Maryland and the Census Bureau found that when private equity firms acquire a company, jobs are lost in old operations. Jobs are created in new, promising operations. The overall effect on employment is modest.

    In response, I would suggest that you read the following from here (Bain bought a controlling interest in GST for $8 million, sold $120 million worth of bonds, and then paid themselves a $36 million dividend…they repeated this trick with another steel mill, combined both as “GS Industries” and ended up about $378 million in debt between the two)…

    During all of this they constantly cut both the workforce and safety standards of both plants while failing to invest even minimal money into the plants upkeep much less towards making any capital improvements. Finally in 2001 “GS Industries” now over $500 million in debt declared bankruptcy and closed the plants.

    It then became apparent that Bain had also declined to adequately fund the workers pension plans, employees suddenly out of work were now faced with the additional loss of promised severance pay, health insurance, and life insurance. In 2002 the U.S. Pension Benefit Guaranty Corporation had to commit $44 million to make up the shortfall towards funding only the basic pension payments. The workers never did receive their promised insurance benefits…

    So in this instance Romney and Bain not only cost over 750 workers their jobs and forced two previously fairly healthy businesses into bankruptcy. They also managed to line their pockets with millions of dollars while doing so and before forcing a government agency to step in and pay $44 million towards their bad pension debt.

    If this is Mitt Romney’s idea of how to “create jobs and restart the economy” I don’t think I want anything to do with it.

    And by the way, let us not forget this priceless little moment concerning the presumptive Repug nominee and our not-completely-still-moribund economy

    I would be curious to see what would happen if the New York Times was ever acquired by a private equity firm similar to Bain. I would hope that a lot of the paper’s talented news professionals wouldn’t have to worry about their jobs, but, as the process of “creative destruction” unfolded, I would like to know how “modest” the effect would be on BoBo’s future employment.


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