LBO News from Doug Henwood

WBAI elections: endorsements

Dear friends,

We are writing to enlist your support for some important changes that are in the works at WBAI, where Beyond the Pale, Asia Pacific Forum, and Behind the News have been broadcasting for many years.

If you are a dues-paying WBAI member, you should have likely just received a ballot in elections for the Local Station Board (LSB). We are asking for your help in electing some strong, independent candidates.

The LSB plays an important role at WBAI, by making recommendations to Pacifica’s director for the hiring of the station’s general manager; approving the station’s annual budget; and electing four directors to the national board, which is responsible for the governance of the entire Pacifica network.

Why is this election so critical? For years, WBAI’s LSB has been paralyzed by factional conflicts. In the meantime, day-to-day operations at the station have suffered from management neglect so grave—including nonpayment of rent on the studios and transmitter—that the future of the station was put in genuine jeopardy.

Finally at this crisis point,  the Pacifica national board stepped in, removed both the general manager and the program director, and with the help of an interim general manager and other staff on loan from other stations, are putting the station back on a positive track.

We now need a functioning, conscientious LSB to ensure that these promising developments don’t lose momentum.

We urge you to vote for the following three candidates, ranking them 1, 2, and 3, in this order.   The candidates we recommend are:

CHUDE MONDLANE is a singer and community activist who is on the staff of Communications Workers of America Local 1180, one of New York City’s most progressive labor unions, where among other duties she writes for the union newspaper. The daughter of Eduardo Mondlane, a leader of Mozambique’s independence movement, and a long-time touring musician, she recently initiated a cultural exchange program between high school students from New York City and Mozambique.

DAVID BARREDA is a photographer, videographer, and multimedia producer who has worked for the Miami Herald, the Rocky Mountain News, and the San Jose Mercury News, among other publications.

His independent projects have treated such topics as immigrant agricultural workers and Andean religion. Born in Peru to a Peruvian father and an American Jewish mother, and raised on a farm in Vermont, he has a long-standing commitment to environmentalism and sustainable agriculture.

MANIJEH SABA is an educator and activist who has taught sociology and women’s studies at Rutgers University and other educational institutions. She traces her lifelong commitment to human rights to her experience growing up under the Shah in Iran. Over the years, she has helped organize a union of part-time faculty at Rutgers and of freelance court interpreters in New Jersey. Her human rights work has included working at the office of the UN High Commissioner of Human Rights and traveling to Israel/Palestine with Code Pink.

After supporting these candidates, you can continue to rank additional candidates if you like, but we strongly discourage you from ranking anyone on the Justice and Unity or Take Back WBAI slates (they are identified as such in their ballot bios).

Candidates on those two slates support the return of the dysfunctional and destructive management—and thus the return of the station to chaos.

Thanks for your support in helping move WBAI forward again.

Yours,

Doug Henwood, Andrew Hsiao, Esther Kaplan, Marilyn Kleinberg Neimark, Leyla Mei, Nan Rubin, Silky Shah for

Beyond the Pale

Asia Pacific Forum

Behind the News

Radio commentary, September 17, 2009

Mixed news on the economic front, as has been the case for weeks going on months. Which is better than what went before, meaning unmixed negatives, but is still a sign of how weak and tentative the economic stabilization has been so far.

Thursday morning we learned that first-time claims for unemployment insurance declined last week by 12,000, exending the previous week’s decline of 19,000. But over the last couple of months, the decline that began in March and ran through July, seems to have stalled. And so-called continuing claims, that is the total number of people drawing unemployment benefits, rose by 129,000. It had been improving for a while, but it too looks to have stalled. So while things in the job market aren’t getting worse, and may be getting slightly better, they’re not yet turning around.

Here’s an interesting longer-term development. Since late 2000, the Bureau of Labor Statistics has been reporting on the number of monthly hires and separations (separations being the sum of voluntary quits and involuntary terminations). What’s really distinguished this recession, in contrast to the 2001 downturn, is a near-total hiring strike by employers. The number of separations is actually at the lower end of its historical range. The problem is that if people lose their jobs, or enter or re-enter the job market, there’s no one hiring. The picture improved very slightly in July, the latest month for which data is available, but like everything else, by not very much. As I’ve pointed out here before, as brutal as the U.S. economy is, it used to have a certain dynamism. It’s now lost that, and is down to pure brutality.

Speaking of brutality, Barack Obama came to Wall Street last week and told the assembled bankers that they had to change their ways. But his speech amounted to toothless finger-wagging. He’s the president. He could have busted their chops. His administration could have come into office and immediately began a program of re-regulating finance. He didn’t. He’s dithered and postured and done approximately nothing except write the banks big checks. I’ll bet the Wall Streeters went back to their offices and had a good laugh. Maybe his talk impresses the liberals. But the bankers so far have absolutely no reason to be afraid of a crackdown.

And more brutality, health care reform. I got an email blast from MoveOn.org this morning inviting me and several million other people in their address book to a set of nationwide rallies to fight the insurance giants. Sure, I’d like to do that—but they’re organizing these rallies in support of the reform proposed by the administration and Congressional Democrats. As I’ve been saying over and over, there’s nothing in these proposals that seriously, or even semi-seriously, cramps the style of the big inscos. Quite the contrary. We’re all going to be forced to carry insurance, should this legislation pass, meaning buy it from the insurance companies. If you’re sort of poor, the gov will subsidize your purchase. They won’t be able to drop people for pre-existing conditions, but they will be able to force them to pay through the nose for crummy policies. Doesn’t MoveOn know this? Don’t they know that over the last three months Aetna’s stock has gone up 30%, about twice as much as the broad market? Is MoveOn so in thrall to the Democrats that they haven’t bothered to scrutinize the proposals? Or have they, and they don’t care? In other words, are they naïve or devious?

For a lot of liberals, it all seems to have come down to the so-called public option: will the reform create a public entity to compete with the private insurers? Never mind that in the unlikely event the public option were to happen, it would be so crippled as to be meaningless. But what about the rest of the scheme? What about the noxious habits of the insurance companies, like denying a quarter or a third of the claims that patients file? That’s likely to continue unabated.

I think we may be better off if these reform schemes fail and we have time to organize to press for something better.

Talking to kids about war

Indulge me some promotional efforts for my brilliant wife: Why Are We Fighting? How to talk to kids about war.By Liza Featherstone.

Agenda-setting

I’ve complained before about all the attention that the angry liberals—Air America, Keith Olbermann, The Huffington Posties, etc.—are paying to the nutters on the right, and I’m going to do it again. Not only does this obsession absolve them of developing and selling an agenda, and put them in the position of being mouthpieces for a centrist, business-friendly administration—it reinforces the role of Glenn Beck as an agenda-setter. Just as Olbermann can’t let go of Cheney, Obama’s clearly still in the discursive grip of Reagan.

I’m no fan of economic crises as offering opportunities for political transformation—they could as easily, maybe more easily, break to the right as to the left, and they cause lots of suffering—but I had hoped that the near-meltdown of the financial system might lead to new ways of seeing, thinking, talking. Not yet.

Experiment

First post from my iPhone. I am now a certifed geek.

Fresh audio

September 10 show, with:

Max Blumenthal, author of Republican Gomorrah, on the takeover of the GOP by the fundie nuts • Michael Yates, author of In and Out of the Working Class, on the working class, teaching economics, and the UFW (see his LBO piece on César Chávez here)

now posted in my radio archives. Opening commentary at here.

Radio commentary, September 10, 2009

Thursday morning brought the release of the annual income, poverty, and health insurance numbers from the Census Bureau for 2008. As you might have guessed, the first year of the recession was pretty bad news for just about everyone. Median household income—the income right at the middle of the income distribution, with half of all households having higher incomes, and half lower—fell by 3.6%, the biggest yearly decline since these figures begin in 1967. All racial and ethnic groups took a hit: non-Hispanic whites were off 2.6%; blacks, off 2.8%; Asians, 4.4%; and so-called Hispanics, by 5.6%. Households of all ages lost income in 2008, with the exception of the over-65 set, who are protected by the cost of living increases in Social Security.

A few points. The one-year hit to incomes in 2008 is on a par with the multiyear hits taken in earlier recessions. For example, the 3.6% decline last year is larger than the decline we saw in the recession and weak recovery years of 1999 to 2002—three years of damage then more than condensed into one year of damage last year. And 2008 was only the beginning of the recession. Job losses didn’t accelerate, and unemployment didn’t really spike, until the fall of last year. The Economic Policy Institute estimates that this year’s decline is likely to be larger, in the 4.5–5.0% range. If anything like that happens, the total decline of over 8% will be the biggest recession hit to income since these numbers began 42 years ago. That’s coming after the weakest expansion in modern history. Gains during the 2001–7 expansion weren’t enough to reverse the declines of the previous recession years—the first time that’s happened ever. So before this recession is over—and I mean that not in the formal sense, but in the sense of how average people experience the economy, measured by the job market and household income—average incomes are likely to be 10% below where they were in 1999.

But not so the rich. A technical note before proceeding: these Census figures are derived from a survey of households. Because rich people don’t answer such surveys, and because there are so few of them that it’d be hard to find enough of them to take a meaningful sample, these annual reports miss things at the very high end. But you can get that from tax return data, which is available only with a delay of several years. The economists Thomas Piketty and Emmanuel Saez do just that, and their 2007 numbers were recently published. So while the bottom 90% of the population saw its income decline between 1999 and 2007, the richest 1% gained about 7%. The richest 0.01%, about 30,000 people, saw their income rise by 25%.

Not surprisingly, the poverty rate rose to 13.2% in 2008, from 12.7% in 2007. That’s the highest level since 1997; the Economic Policy Institute estimates that it will rise another 1.5 points this year to 14.7%, which would be the highest since 1992. For whites, the poverty rate was 11.2%; for blacks, 24.7%, more than twice as high. Among Latinos, it was 23.2%.

But some definitions are in order. Official poverty is defined as a pretax income under a specified amount that varies by family size; for a family of four, the line is just about $22,000 a year. This is a very undemanding standard; more honest definitions of poverty would set the line closer to $30,000, which would raise the poverty rate to around 20% or more.

And these figures are just snapshots of a given year. According to the Census Bureau, over the four year period ending in 2007, almost a third—31%—of Americans had at least one period in official poverty lasting two months or more. For a very rich country, we have a lot of poor people, and they are often very poor.

Finally, the number of people without health insurance rose by about 600,000 to 46.3 million. Measured as a share of the population, however, the uninsured remained at a constant 15.4%. But that means without insurance for the entire year; many more had bouts of uninsurance. And again, since the economy of 2009 was worse than 2008’s, the current levels are probably a lot higher—EPI estimates that it’s probably up by 5 million this year.

But apparently that’s not the way the Obama administration wants to count the uninsured. According to a very useful piece by Politico’s Carrie Brudoff Brown on what Obama said in Wednesday night’s health reform speech vs. what he actually meant, the administration says there are only 30 million uninsured, more than 16 million below the Census Bureau’s count. Where’d they go? Well about 10 million are undocumented immigrants, so they’re not worth talking about. Another 5–7 million are people who could go on Medicaid, but have not, for god knows what reason. Presto, 30 million. That’s a nice way to lower the bar, isn’t it?

And what a disappointing speech. Well, no, I can’t say that exactly, since I hadn’t expected much, but it’s terrible policy. The core of it is to require all of us to buy health insurance from private companies—with a $3,800 penalty if we don’t, according to Max Baucus’s proposal. Subsidies will be available for people with incomes of up to $66,000 (or $88,000, depending on which of the four bills floating around you read), but it will still be quite a burden for a lot of us. So instead of getting rid of the insurance companies, and their diabolical profits, executive bonuses, claims denials, and administrative overhead, the president will be delivering them ten of millions of new customers. This will do nothing to reduce costs.

And what about that public option? Well, as Brown’s Politico.com article reports, the insurance companies said they’d accept reforms requiring them to accept everyone, pre-existing conditions or no, only if the gov forced us all to become their customers. And the so-called public option, a government-run insurance company, would have to pay its way without any public subsidies, meaning that its premiums would probably be on a par with, or only slightly lower than, private insurers.

A friend pointed out to me the other day that the market capitalization—the value of all the outstanding stock—of the publicly traded health insurers is about $150 billion. Add a little premium to sweeten the pot and you could nationalize the lot of them for about $200 billion. The total administrative costs of the U.S. healthcare system, which are greatly inflated by all the paperwork and second-guessing of docs’ decisions generated by the insurance industry, are about $400 billion a year. Those administrative costs are about three times what a Canadian-style single payer system would cost. So that means we’d save about $250 billion a year by eliminating the waste caused by our private insurance system.

In other words, the nationalization could pay for itself in well under a year. But we can’t do that. It’d be Canadian or something.

Meanwhile, we’re hearing from a lot of Democrats/liberals/progressives/whatevers that we have to support health care reform, without much discussion of what’s actually in the proposal(s). ACORN, suffering from its own embarrassments, circulated an email last Thursday urging all of us to call our Senators and tell them to “stand up” to the insurance companies. Stand up for is more like it. Ilyse Hogue, spokestool for MoveOn.org, said in her Facebook status update just after Obama’s speech: “Finally, the president I elected.” What, the corporate-friendly one? That’s probably not what she meant, of course. Columnist David Sirota characterized Obama’s speech as sounding like it was delivered by President Rahm Emanuel. Well, no, it was delivered by President Barack Obama. It’s always the advisors, never the king, isn’t it?

Clearly we haven’t escaped the discursive grip of Ronald Reagan. Obama’s speech evoked the magic of the marketplace, in its fantasy of competition leading to cost control. And he concluded the address with a “God bless America,” a convention now that was introduced to modern American speechifying by Reagan.

Sure, many of these left-of-center supporters, who otherwise should know better, are inspired by the hideousness of so many of the president’s enemies, a gang of racist and ignorant cretins. But you’ve got to hand it to the right. They fight tirelessly for their beliefs, however nutty they can be. They don’t begin a struggle by pre-emptively compromising. I wish I could say the same for “our” side, whatever that is.

Liveblogging BHO

I’m be doing my first-ever “liveblogging” tonight. I’ll be punditizing for the Institute for Public Accuracy: here.

Delusions on the left

So it’s looking like the buzz around the Internet left is that Van Jones’s ouster is all about race. No doubt that’s part of the story—but does anyone really think the reaction from the right would have been much different had Obama appointed a white ex-Maoist to the job? For God’s sake, the right thinks cap and trade, the most conservative approach to the carbon crisis you could imagine, is a socialist plot to expropriate property, just like Obama’s scheme to subsidize the health insurance industry (aka “reform”) is socialized medicine.

Obama will keep ceding ground to them, because he wants to run a capital-friendly regime, but it will never be enough. At what point will people stop blaming things like the failure of white green organizations to fight a racist attack and start admitting to Obama’s loyalty to the deep structure of American capitalism?

The right is often nutty, delusionally so, but they also have a set of principles that they really believe in and they fight tirelessly for them. Yes, their hatred of Obama is partly fueled by race, but it’s also of a piece with the history of the American right. Hofstadter, in The Paranoid Style, quotes a woman as lamenting on Eisenhower’s re-election, “Four more years of socialism.” The teabaggers and town hallers are the same thing, 53 years later.

Now accepting apologies

Ha, so Van Jones is out (“White House Adviser on ‘Green Jobs’ Resigns”).

All you people who said I was being too “cynical” in my reading (“Obamamania, a febrile disease”) of Obamamania during the campaign: I’ll be holding an at home today and tomorrow to accept apologies. Line forms just outside the door.

PS: Why did they appoint him in the first place? Did they not get just how relentlessly nasty—and principled, actually—the right-wing is? Did they think they’d be reasonable about the appointment of a former Maoist, even one who’s been running at a blazing speed from that past?

New radio show

Freshly posted audio: Behind the News for September 5 (a day ahead of time!).

Radio commentary, September 5, 2009

[No, it’s not time travel. The commentary I read on WBAI on Thursday, September 3, came out before the August employment report. I added an analysis of that for the KPFA version, included here, to be broadcast on the morning of September 5.]

If you watch MSNBC, which I do most nights (before switching to Fox, because it’s so much more energetic and perversely entertaining), you’ll hear that the Republicans are unfairly demonizing a president with a fundamentally popular agenda. Uh, not exactly. Obama’s slide in the polls is actually one for the record books.

He started with a pretty high standing. Since Eisenhower, the average first-term president enjoyed a 58% approval rating in the Gallup poll. Obama’s was 8 points higher than average, 66%. George W. Bush was also at 66% as his term started. Those are among the highest figures for first-term presidents in modern history. Eisenhower was at 74%, and LBJ at 71%. But Reagan and Bush Sr were both at 51%, 7 points below average, and 15 points below where Obama started.

In the latest Gallup poll, Obama’s approval rating is down to 54%, a decline of 12 points. The average for first-term presidents is a gain of 5 points. Losses of Obama’s magnitude but him in company I’m guessing he’d rather not be in: George W had taken a 10-point hit just before Semptember 11—though his approval rating soared after that unfortunate day. Jimmy Carter took a 12-point hit in his first nine months in office. But Nixon, Kennedy, and Reagan all gained 7 to 9 points. Bill Clinton offers a more cheering precedent for Obama—though he started with an approval rating 11 points below Obama’s, he fell by almost as much during his first nine months in office, and left office as one of the most popular presidents in the history of polling.

So what’s this all mean? Though Obama’s lost a few points among Democrats, especially moderate and conservative ones, most of his erosion comes from Republicans and Independents—despite all his efforts to woo them. This suggests a few things. One is that it makes little political sense to try to win over people who are disposed to hate you. And two is that liberals are a bunch of credulous suckers. At some point, they will join those to their right in jumping ship—maybe as soon as next week, once Obama ditches the public option in his health care reform scheme. And then, maybe, politics could get more interesting.

Speaking of health care reforms, we’ve heard a lot from the Sarah Palin/Betsy McCaughey right about how ObamaCare would create death panels who’d pull the plug on grandma. Though there’s a lot to hate about the health care reform schemes, the death panel thing is a complete invention of the loony right, which either can’t tell true from false, or is happy just to make stuff up if it suits their purposes.

The other day, the California Nurses Association, a vigorous supporter of a single-payer, Canadian style system, put out an interesting study of actually existing death panels: the practices of private insurers. They found that more than one in every five requests for medical claims filed by insured patients are rejected by California’s largest private insurers. They looked at seven years of data, 31 million claims, and found that 21% were rejected, despite being for procedures ordered by licensed physicians. Some companies rejected 30–40% of claims submitted. These weren’t frivolous rejections. People died because of them. But since they’re done by private insurers, and not some phantasmic public body, Sarah and Betsy aren’t fulminating about them.

And now, a special update for the KPFA and podcast audiences. Friday morning brought the release of the August U.S. employment report. It was a mixed bag. The unemployment rate took a surprisingly strong leap, but the rate of job loss continued to slow.

Before proceeding, a technical note. The monthly employment statistics come from two separate surveys, one of employers, also known as the establishment or payroll survey, and another of households. The sample size on the establishment survey is huge—around 300,000 employers. The household sample is much smaller, 60,000 households, but that’s still 50 times as large as a typical opinion poll. Both provide pretty good estimates done in a very timely manner, but they’re not perfect—and given the smaller size of its sample, the household survey is noisier (meaning it bounces around some from month to month).

The establishment survey reported a loss of 216,000 jobs in August, a number that would normally look terrible, but is actually the smallest loss in a year. The private sector lost 198,000 jobs, also the smallest number in a year, and well below the -477,000 average for the previous six months. Construction lost 65,000—but this time, residential building wasn’t in the lead. Losses in residential construction are slowing, suggesting that while housing—an important leading indicator for the broad economy—isn’t yet turning around, the bleeding has largely been stanched. And more than a third of industrial sectors actually added jobs in August, the most in nearly a year. Normally, a third would be a terrible number, but we’ve been down so long that terrible is starting to look up to me.

Some wit or other labeled this a “mancession,” because so many more men than women have been losing jobs. (The term has really caught on: Google turns up 49,500 hits on the word.) One sign of this is that the share of women workers in the establishment survey was 49.9% in July (the sex breakdown is available only with a month’s delay). Given the recent trend, it’s likely that it hit 50.0% in August – or, if not exactly, it will in September. When the recession began, not quite 49% of workers in the payroll survey were women. Of course, this is a long-term trend – when the Bureau of Labor Statistics first started the gender breakdown in 1964, just 32% of workers were women – but it looked for a while, in the late 1990s and early 2000s, that the female share of the workforce had plateaued. But the recent disemployment of men has changed that, to the point where the workforce is almost perfectly divided between men and women (though, of course, women are more likely than men to work part-time, and to earn considerably less money: some things haven’t changed).

But the household survey was rather discouraging. The share of the unjailed adult population working fell 0.2 point to 59.2%, its lowest level since early 1984. It’s down more than 5 points since its peak in 2000. In other words, when you adjust for population growth, almost all the employment gains of the 1980s and 1990s have been reversed.

The unemployment rate rose 0.3 point to 9.7%, a surprise given the behavior of other indicators, like the weekly jobless claims numbers that I often cite here. The broader U-6 rate, which includes those working part-time because that’s all they could find and discouraged workers, who’ve given up the job search as hopeless, rose 0.5 point to 16.8%. In line with the recession’s continuing pattern, most of the rise in unemployment came from permanent job losers (as opposed to those on temporary layoff, or those quitting voluntarily, or those just entering or re-entering the workforce). Over the last year, the number of unemployed is up 5.4 million; 4.4 million of those are permanent job losers.

Although there were some encouraging signs in the report, they’re mostly of the less bad rather than the actively good variety. Forward-looking components like temp and retail employment suggest we’re in for more of the same (that is, more less bad but not yet good) for some time to come, even if GDP growth turns up in the next quarter or two.

And the longer-term picture remains horrible. Total job losses in the recession are now almost 7 million, or 5.0% of  total employment. (That’s the worst percentage loss of any recession since the post-World War II demobilization.) According to an IMF study, job losses in recessions caused by financial crises average 6.3%, suggesting that we’ve got another 1.7 million jobs to lose. Since we’re about 80% of the way to the average, the best you could say is that the edge of the woods is coming into view.

Ciao, public option

So it’s looking like Obama’s not only dropping the public option, he may be using the rejection as a way of distancing himself from the “left.” As Politico reports:

On health care, Obama’s willingness to forgo the public option is sure to anger his party’s liberal base. But some administration officials welcome a showdown with liberal lawmakers if they argue they would rather have no health care law than an incremental one. The confrontation would allow Obama to show he is willing to stare down his own party to get things done.

It’s all about “choice and competition,” you see. Forget about the experience of all those funny foreign countries!

PS: When’s the last time a Republican “stare[d] down his own party to get things done”?

Tongue-tied liberals

Every passing day reveals the toxic side-effects of the Obama presidency more clearly. The activist liberal left has largely either gone silent or cast itself in the role of apologist for power.

Let’s look at two sad examples. First, the war in Afghanistan. The other day, the New York Times reported that the antiwar movement plans a nationwide campaign this fall against the administration’s escalation of the war in what we’re now calling AfPak. Among the challenges facing the campaign, aside from the usual public indifference when it’s mostly other people being killed, is that “many liberals continue to support Mr. Obama, or at least are hesitant about openly criticizing him,” in the words of the reporter, James Dao.

Armed with a magnifying glass, Dao spied some signs of a growing disenchantment among liberals with their Pentagon- and Wall Street-friendly president. But such disenchantment has its limits, at least for now. Ilyse Hogue, a mouthpiece for MoveOn.org, disclosed that “There is not the passion around Afghanistan that we saw around Iraq. But there are questions.” How’s that for boldness? Questions.

Robert Greenwald, most famous for his anti-Wal-Mart movie, is now doing a documentary called Rethink Afghanistan, which is being released serially on YouTube and the like. Greenwald says his approach is “less incendiary” than the Wal-Mart film. “We lost funding from liberals who didn’t want to criticize Obama,” says Greenwald. “It’s been lonely out there.” Well-off liberals are entirely comfortable blasting Wal-Mart, which is vulgar and largely Republican. But don’t be too bold in criticizing—I mean questioning—our president, who is an elegant Democrat.

And then there’s health care. The Internet and the liberal weeklies are full of defenses of ObamaCare against the slurs of the right. Now there’s no denying that some of those slurs are truly demented concoctions. And there’s no doubt that Obama’s harshest critics on the right are racists, xenophobes, and mouth-breathing reactionaries who move their lips when they read. No doubt. They’re now the major source of Keith Olbermann’s nightly material.

But you’d be hard pressed to find a liberal who could actually explain the substance of the health care proposals, or even tries to. They’re presumed to be good, just because they come from “our” guy and they’re wrapped in expansive rhetoric that effectively disguises their corporate-friendly content.

And the quality of much of the opposition has only deepened the liberals’ defensive ardor. A few weeks ago, I heard someone I love and respect, an otherwise sophisticated and thoughtful person, say that “we” have to support the scheme just because “they” oppose it. Professional journalists, who should know how to scrutinize the content, typically do little better. So we’re condemned to dueling caricatures, and our health care system will continue to suck enormously.

Inbox contradictions

Within minutes of each other this morning, I got two emails on the state of the world economy.

One, from In Defense of Marxism (such is the political scene that even Marxists are on the defensive—doesn’t anyone even dream of revolution anymore?), The Unfolding Capitalist Crisis – a nightmare for workers everywhere. Its nut graf: “[I]n many ways the present crisis is potentially even more serious than that of 1929-33. Its scope is much wider than the thirties and its impact has been far swifter.”

And, from a completely different perspective, this from Wall Street’s favorite economist, Ed Hyman of ISI: “Unprecedented synchronized global upturn…. To an unprecedented extent economies are recovering across the world at the same time.”

Which is it? My guess is somewhere in between. Hyman’s upturn is a bounce off a sharp decline, while Marxists.com’s analysis consists heavily of anxious quotes from bourgeois pundits uttered during that sharp decline, from December 2008 to June 2009. Average the two and you get a long period of a crappy global economy.