Eugene Robinson's case for passing the Senate bill.

An excerpt from yesterday's Rachel Maddow Show (a show I've seldom seen since I don't have cable [and I probably wouldn't watch these kinds of shows much if I did] but I must say that last night's episode was good television), in which The Washington Post's Eugene Robinson argues that passing this massively flawed bill is better than not passing anything. I agree with nearly every aspect of his analysis:

Glenn Greenwald: Don't kid yourself; this is the bill Obama wanted all along.

Although I have stated that, lousy as it is, I would prefer that the Senate bill pass -- and although I this is still my position -- I must confess that I have begun to feel increasingly icky about what the bill has lately become. So it goes.

It's an awfully difficult time not to be extremely frustrated by the seeming impotence of the Democratic Party as well as disappointed with Obama. I, for one, never lost sight of the fact that the president is a centrist and a pragmatist and that his attachment to various financial and corporate paymasters is inextricable. It's just that, somehow, I must not have remembered just how far right the putative "center" has become in our corporatist nation state. It's not pretty.

But, more than that, I think I had the feeling that Obama would be able to pull off his role -- precarious and self-contradictory though it may be by definition -- with a bit more...I don't know...panache? I mean, in moments at which he looks like a cynical, calculating servant of corporate interests, he really looks like a cynical, calculating servant of corporate interests. I'm led to wonder why that is. I think it's because of the kinds of posturing that Obama has to do in order to throw bones to the 'progressive' left wing base, while simultaneously keeping the insurance and pharmacological industries happy.

And, as regards this very posturing in application to the matter of a "public option," it looks as if Salon columnist Glenn Greenwald has got Obama's number:

[C]ontrary to Obama's occasional public statements in support of a public option, the White House clearly intended from the start that the final health care reform bill would contain no such provision and was actively and privately participating in efforts to shape a final bill without it.  From the start, assuaging the health insurance and pharmaceutical industries was a central preoccupation of the White House -- hence the deal negotiated in strict secrecy with Pharma to ban bulk price negotiations and drug reimportation, a blatant violation of both Obama's campaign positions on those issues and his promise to conduct all negotiations out in the open (on C-SPAN).  Indeed, Democrats led the way yesterday in killing drug re-importation, which they endlessly claimed to support back when they couldn't pass it.  The administration wants not only to prevent industry money from funding an anti-health-care-reform campaign, but also wants to ensure that the Democratic Party -- rather than the GOP -- will continue to be the prime recipient of industry largesse. As was painfully predictable all along, the final bill will not have any form of public option, nor will it include the wildly popular expansion of Medicare coverage.  Obama supporters are eager to depict the White House as nothing more than a helpless victim in all of this -- the President so deeply wanted a more progressive bill but was sadly thwarted in his noble efforts by those inhumane, corrupt Congressional "centrists."  Right.  The evidence was overwhelming from the start that the White House was not only indifferent, but opposed, to the provisions most important to progressives.  The administration is getting the bill which they, more or less, wanted from the start -- the one that is a huge boon to the health insurance and pharmaceutical industry.

Greenwald praises Wisconsin Senator Russ Feingold for pointing this out:

Sen. Russ Feingold (D-Wis.), among the most vocal supporters of the public option, said it would be unfair to blame Lieberman for its apparent demise. Feingold said that responsibility ultimately rests with President Barack Obama and he could have insisted on a higher standard for the legislation.

"This bill appears to be legislation that the president wanted in the first place, so I don’t think focusing it on Lieberman really hits the truth," said Feingold. "I think they could have been higher. I certainly think a stronger bill would have been better in every respect."

Seems convincing to me, and if it's true, it isn't all that surprising. But it's still dismaying to see how hamfistedly the Obama administration seems to be in dealing with this stuff. What a mess.....

As matters stand, I still think the bill in its present decimated form is better than no bill and here's why: In almost all of the complaints from the so-called 'progressive' left about this bill, I have not heard a single serious reference to the impact of this law upon poor people. Where are the anti-poverty advocates, and why shouldn't a serious discussion of the problems with his bill include a discussion of poverty? Almost all of the criticism has to do with middle-class concerns and middle-class problems.

Doesn't this bill still help people who can't currently afford ANY health insurance, and shouldn't that be the main priority? Please, if anyone knows more about this angle, fill me in. Nobody seems to be talking about it.

Hyperlinks to items of interest.

• Naked Capitalism's Yves Smith on Federal Reserve Chairman Ben Bernanke's "stonewalls and prevarications."
  
  
• Down With Tyranny's Ken ponders signs that prominent members of the House of Representatives -- including "corporate stooge" Steny Hoyer -- might be contemplating reversing the 1999 repeal of the Glass-Steagall Act (1933).
  
  
• Naked Capitalism's pseudonymous guest contributor George Washington on why the effort to "audit the Fed" (supported by 79% of the American population) is justified and why the Fed's protestations that this would constitute interference with its "independence" are "false."
  
  
• FiveThirtyEight.com's Nate Silver on "Why Progressives Are Batshit Crazy to Oppose the Senate [Health Care] Bill."
  
  
• PhuckPolitics.com on why he opposes the Senate health care bill and why Joe Lieberman might be "doing the right thing for the wrong reasons."
  
  
• Thomas Frank in a very intelligent piece addressing why "Newsrooms Don't Need More Conservatives" and also laying out a general argument against treating "ideological diversity" as though it were the same as racial or socioeconomic diversity.
  

Big man, pig man / Ha ha, charade you are!

It's here, at long last. The Crib From This Photoshop Moment (although I didn't literally use Photoshop). I felt the need to present my critique of the US Chamber of Commerce in a manner that captures the rhetorical nuances and socio-critico-theoretical apparatus that are within my meager capabilities to bring to bear:

With grateful acknowledgments (...and apologies?) to George Orwell and Roger Waters.

Okay, this means war. Public Enemy #1: the elitist plutocrats of the US Chamber of Commerce.

At least the Dems -- in contrast to the members of the GOP -- in Congress aren't readily and openly whoring themselves out to the US Chamber of Commerce.

From AP News, by way of Yahoo! News:

WASHINGTON – A bipartisan coalition in the House voted late Thursday to make it easier for corporations to engage in complex derivatives trades without government restrictions, eroding the reach of proposed regulations to govern Wall Street.

Democratic attempts to toughen the legislation failed.

Though not major setbacks, the votes illustrated the difficulties facing House Financial Services Committee Chairman Barney Frank and the Obama administration as they seek to pass legislation aimed at preventing a recurrence of last year's Wall Street crisis.

Key votes loomed ahead, with a final vote on the sweeping legislation scheduled Friday.

Democrats hoped to fend off an amendment Friday that would eliminate the creation of an independent Consumer Finance Protection Agency. The agency is a central element of the Democrats' legislation and the Obama administration's proposed regulatory changes.

The amendment was offered by Rep. Walt Minnick, a conservative Democrat from Idaho, and seven other centrist Democrats. The U.S. Chamber of Commerce, which has been running national television ads against the creation of a consumer agency, said it would base its support for lawmakers in next year's elections, in part, on how they voted on the amendment.

"I think we're going to beat the Minnick amendment, but it's a real test," Frank, D-Mass., said Thursday. Creating a consumer agency is a top priority for consumer groups and for labor organizations such as the AFL-CIO.

Democratic leaders also were pushing changes that would add further restrictions on banks and financial institutions. One, vigorously opposed by banks, would let bankruptcy judges rewrite mortgages to lower homeowners' monthly payments.

A coalition of banking organizations on Thursday sent lawmakers a letter urging them to vote against the amendment. The House previously passed bankruptcy-mortgage legislation, but it failed in the Senate.

The legislation imposes new regulations on derivatives, aiming to prevent manipulation in and bring transparency to a $600 trillion global market. But an amendment by New York Democrat Scott Murphy, adopted 304-124 Thursday night, exempted businesses that trade in derivatives, not as financial speculators, but to hedge against market fluctuations such as currency rates or gasoline prices. The amendment also provided an exception for businesses that are not considered too big to be a risk to the financial system.

A Democratic effort to make more companies subject to derivatives regulation failed 279-150.

The Chamber of Commerce circulated a letter Thursday urging lawmakers to vote for the Murphy amendment and against the broader regulation. [...]

If ever there was an entity that is contemptuous of the basic, day-to-day existence of the ordinary, middle class American citizen and family in 2009 (and there was/is!), it is the US Chamber of Commerce. It is a truly despicable assemblage of liars and crooks, an organization of cigar-chomping Mr. Spacely-type Captains of Oligarchy.

Of course the US Chamber of Commerce is against the regulation and oversight! I mean, weren't excessive market regulation/oversight and rampant consumer protections the things that plunged us into this economic crisis in the first place?? Oh, wait.....

Anyway, what do you expect from an organization that opposes the prosecution of private contractors in Iraq who gang-raped American and Iraqi women?.

The history books of the future shall surely look back on this moment as the finest hour of laissez faire capitalism and its apologists.....