Stephen Colbert applauds Bill O'Reilly's brilliant borderline-heresy.

Hilarious Stephen Colbert monologue from earlier this month. Merry Christmas, y'all.

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Magnificent speechification: Grayson does it with style.

The bill calling for the much-needed extension of unemployment benefits has finally been passed by both houses of the federal legislature—the Senate passed it on Wednesday and the House got around to doing so yesterday. So I realize that, with respect to the political issue, this post is not exactly timely.

I wish, nevertheless, to share with my enlightened readers this absolute triumph of rhetoric/oratory that was delivered by Rep. Alan Grayson, Democrat of Orlando, Florida during the House 'debate' that preceded the bill's passage. Now, we've seen previous examples of Grayson's deadpan wit, his knack for using invective to tasteful and brilliant effect, and his panache and cogency as a debater on substantive issues.

And herewith, the House doth Grayson rock.

But so rousing is the perfect little specimen of succinct speechifying that Grayson brought to the floor last Wednesday that I went and transcribed the whole damn two-minute speech for you. Now you, my readers, can never credibly question my love and devotion to you. Enjoy:

My grandfather, in the 1930s, spent several years of his life, every single day, at the dump, looking for things there that he could sell. Looking for things that he could take to the market and sell, because there was no other way for him to survive the 1930s and the Great Depression.

There was no unemployment insurance back then. There was no state benefits back then. There was no help for the people who had [no] jobs. All they could do, like my grandfather—supporting a family of seven—was to go to the dump and desperately try to find something he could sell.

And that, my friends, is the America that the Republicans are trying to revive. The America of desperate straits and, for them, cheap labor. The America where people have nothing, hope for nothing and are desperate to live for the next day. That is what the Republicans are trying to resurrect—day after day, week after week, and now month after month.

I've got news for my Republican friends: every single person who's going to receive unemployment insurance under this bill is unemployed. Every single one of them doesn't have a job. And that's why they need this money.

Now, I know what the Republicans are thinking:

"Why don't they just sell some stock? If they're in really dire straits, maybe they could take some of their art collection and send it off to the auctioneer. And if they're in deep, deep trouble, maybe these unemployed could sell one of their yachts."

That's what the Republicans are thinking right now.

But that's not the life of ordinary people—the 99 percent of America that actually has to work for a living, that doesn't just clip coupons and live off of interest and dividends, like my Republican friends do.

That's why we need this bill to pass: because of the 99 percent of America that deals with reality everyday. The people who will lose their homes if this doesn't pass. The people who will be living in their cars if this doesn't pass. That's why we need this to pass.

And I will say this to Republicans who have blocked this bill now for months and kept food out of the mouths of children. I say to them now:

May God have mercy on your souls.

I yield back.

Thanks to PhuckPolitics.com for bringing this to my attention. That blog contains a link to a video of the speech, along with its blogger's exuberant commentary.

Propaganda Alert: Wall Street's grip on media. Or: Access journalism, the elimination of dissent & the recoveryless recovery.

The re-ascendancy of Goldman Sachs, et al., was made possible by US taxpayers -- who weren't, by the way, consulted about it -- having forked-over billions and billions of dollars, in accordance with TARP and related measures, enacted in the moment of crisis (in 'extraordinary circumstances'!!!) as necessary for the very preservation of the United States economy.

And yet, despite the fact that the vast majority of US citizens are getting massively screwed by this state of affairs (and, let's face it, most of us are struggling right now just to make ends meet...it's not just the ultra-poor that are getting screwed, but the middle class), we hear nothing about this fact. It's reported or even so much as mentioned by no prominent media, including the declining 'traditional' press and the massive entertainment organizations that call themselves 'cable news'. And scarcer still is any piece of reporting that points out explicitly the fact that the small cadre of super-wealthy bankers are enriching themselves at the expense of the middle class. (And don't even get me started on the pitiful state of social services for poor people!)

So: why are the media nothing more than stenographers for the banking industry's public relations specialists?

To learn more, have a look at the spirited commentary of Naked Capitalism's Yves Smith: MSM Reporting as Propaganda (No One Minds Our New Financial Lords and Masters Edition).

In this piece, the author grapples with some of the sinister trends in financial news coverage (and in news coverage in general) and tries to sort out what accounts for the fact that the news reporting of the "mainstream" media are not just 'slanted', but -- and this is not hyperbole -- downright dysfunctional. In other words, propaganda. Here's a taste (I have emphasized certain passages using boldface):

Access journalism has created what is in many respects a controlled press. And that matters because people are far more suggestible than most of us wants to admit to ourselves.

Let us start with the cheerleading in the media over Wall Street, and in particular, Goldman earnings. Matt Taibbi, in “Good News on Wall Street Means… What Exactly?,” tells us why this is so distorted:

It’s literally amazing to me that our press corps hasn’t yet managed to draw a distinction between good news on Wall Street for companies like Goldman, and good news in reality.

I watched carefully the reporting of the Dow breaking 10,000 the other day and not anywhere did I see a major news organization include a paragraph of the “On the other hand, so fucking what?” sort, one that might point out that unemployment is still at a staggering high, foreclosures are racing along at a terrifying clip, and real people are struggling more than ever. In fact the dichotomy between the economic health of ordinary people and the traditional “market indicators” is not merely a non-story, it is a sort of taboo — unmentionable in major news coverage.

The press has been on a downslope for at least a decade, as a result of strained budgets and vastly more effective government and business spin control (and it was already pretty good at that, see the BBC series, The Century of the Self, via Google video, for a real eye-opener). I met a reporter who had been overseas for six years, opening an important foreign office for the Wall Street Journal. He was stunned when he came back in 1999 to see how much reporting had changed in his absence. He said it was impossible to get to the bottom of most stories in a normal news cycle because companies had become very sophisticated in controlling their message and access.

I couldn’t tell immediately, but one of my friends remarked in 2000 that the reporting was increasingly reminiscent of what she had grown up with in communist Poland. The state of the US media became evident to me when I lived in Australia during the run-up and the first two years of the Gulf War. I would regularly e-mail people in the States about stories I thought were important and I suspected might not be getting much play in the US. My correspondents were media junkies. 85% of the time, a story that had gotten widespread coverage in Australia appeared not to have been released in the US. And the other 15%, it didn’t get much attention (for instance, buried in the middle of the first section of the New York Times). And remember, Australia was an ally and sent troops to the Iraq. [...]

Please do read the rest.