Looks like all we'll be hearing about for the next few days is the death of the American car industry.
This is an open thread, all topics welcome.
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President Obama will unveil his plan to help the auto industry tomorrow. And General Motors chairman and chief executive G. Richard Wagoner is resigning at his request.
Wagoner's resignation was one of the White House conditions for more federal aid. "He agreed and will do that," a senior administration official said Sunday evening.
Wagoner, 56, joined the company in 1977 and has been chairman and chief executive since 2003.
In related news, Chrysler may have to merge with Italian-owned Fiat. A structured bankruptcy may be in the future for both Chrysler and GM. [More...]
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I do not disagree with President Obama's admonitions to the auto industry:
Obama, in an interview with CBS' "Face the Nation" broadcast Sunday, said the companies must do more to receive additional financial aid from the government. "They're not there yet," Obama said.
. . . Obama said the government would require a "set of sacrifices from all parties involved, management, labor, shareholders, creditors, suppliers, dealers. Everybody's gonna have to come to the table and say it's important for us to take serious restructuring steps now in order to preserve a brighter future down the road."
(Emphasis supplied.) Here's my question -- how about some tough words and conditions for Wall Street BEFORE you bail them out, AGAIN, President Obama?
Speaking for me only
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Senator Jim Webb introduced the National Criminal Justice Act of 2009 on Friday (text of bill here pdf.) It would create a bipartisan commission to study the criminal justice and prison systems for 18 months, after which it would make recommendations.
Lots of people are excited about it, from FAMM to Glenn Greenwald.
I think we know the answers already and I wish we would start making the reforms now, not starting an 18 month period of study followed by recommendations. I'm concerned this will just put tempt Congress to put reform bills on the back burner, using Webb's Commission as an excuse for delay. "Let's wait until the report comes out before making any changes."
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Scott Lemieux writes about Will Saletan and his strange ruminations on the choice issue. After Saletan reasserts his pro-choice view, he then writes:
If you cause an unintended pregnancy and an abortion because you didn't want to wear a condom, you should be ashamed.
Lemieux writes "[Saletan] has argued that shaming people who get abortions is a good pro-choice tactic, which makes no sense at all." It really does not make sense. Suppose you actually believed that Saletan made sense with this shame thing. How precisely does he plan to enact this "policy of shame?" Is he planning on organizing a finger wagging group outside of abortion clinics? Will they stand next to the folks holding "Baby Killer" signs? More . . .
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"Have another hit....of fresh air." (Quicksilver Messenger Service and "Fresh Air" at the closing of the Fillmore in 1971. Here's a version with great audio.)
Cigarette and tobacco taxes go way up Wednesday. Of course, it will hurt the poor and addicted the most. It's also a nanny state move.
You may like it when politicians ban something you hate, but sooner or later they will go after something you like," Reason.tv editor Nick Gillespie says.
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I seldom watch the Sunday Talk shows anymore. They just seem irrelevant to me. Do you folks still watch?
In any event, here's an Open Thread.
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On January 14, 2009, Robert Gibbs said that President Obama would lift the "Don't Ask Don't Tell" policy regarding gays in the military. Gibbs did not promise when this would occur. Robert Gates says not soon:
Don't expect any change soon to the "don't ask, don't tell" policy about gays in the military. Defense Secretary Robert Gates says both he and President Barack Obama have "a lot on our plates right now." As Gates puts it, "let's push that one down the road a little bit."
It's not a top priority for me, but something I hope the President gets to sooner rather than later. But like, EFCA, it seems the repeal of DADT (which was an improvement over the previous zero tolerance policy) is not something that will be addressed this year.
Speaking for me only
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Author and Associate Professor Jeremy Mayer at Politico writes marijuana is now a "smoking hot" issue, the tide of history has turned, and legalization is a question of when, not if.
The financial benefits should be obvious:
Mayer may be right. This is the most attention I've seen marijuana get in the national consciousness , perhaps ever. But, we're not there yet: [More...]Tax revenues, although not as high as some dreamers would wish, would certainly be substantial, and would replace the billions spent interdicting and confiscating marijuana, as well as imprisoning users and small time dealers. Legalizing marijuana would immediately remove millions of dollars in income from the international drug cartels that are making life hell in Mexico.
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Al Giordano writes about why he is criticizing President Obama's online town hall answer to a "legalizing marijuana" question:
Day in, day out, I defend the President from stupid attacks, so often that it's common that they respond by calling me an apologist for him. But, excuse me, while the substance of what he said was certainly informed by what he's heard in his cross-country journey, the mocking and mean-spirited tone of it is what I take issue with.
Some think critiques like Al's are "stupid attacks." More . . .
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“We have to ask ourselves: Do we want to revive our economy, or do we want to punish the bankers? . . . I don’t agree that we can do both.”
Punish the bankers? How? By not bailing them out and putting their universe back together again at taxpayer expense? This is sheer sophistry from DeLong. The government could in fact do nothing - not punish the bankers, and let their banks fail. Because that is what many have - failed banks.
More . . .
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Denver journalist and author Dave Cullen has scored a coup with his new book on Columbine. It's getting raves all over. From Newsweek today:
The definitive account, however, will likely be Dave Cullen's "Columbine," a nonfiction book that has the pacing of an action movie and the complexity of a Shakespearean drama. "Columbine" opens four days before the shooting, at a school assembly where the principal, Frank DeAngelis, admonishes his students—ominously, it turns out—to be safe during prom weekend. Cullen has a gift, if that's the right word, for excruciating detail. At times the language is so vivid you can almost smell the gunpowder and the fear.
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