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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Year: 2008

The Dog Ate My Prestidigitation

August 8, 2008January 4, 2017

SILT ACCUMULATES

GLDD’s backlog is up 50% versus a year ago. You can dredge up all the mostly encouraging news here. (Don’t sell your GLDD.)

McCAIN DISCRIMINATES

McCain campaign manager Rick Davis said on the Today Show last Friday that ‘John McCain has fought his entire life for equal rights for everyone.’

Well, maybe not quite everyone.

He . . .

  • fights to prevent gays and lesbians from serving in the military
  • fights to prevent existing hate crimes legislation from being extended to cover gays and lesbians
  • fights to prevent employment and housing nondiscrimination laws from covering gays and lesbians
  • fights to deny gay and lesbian couples equal Social Security benefits and estate tax treatment
  • fights to write discrimination into the Arizona Constitution

The late Barry Goldwater – a true Arizona conservative – long ago said of the military issue: “You don’t have to be straight to be in the military; you just have to be able to shoot straight.”

WEALTH PRESTIDIGITATES

I had planned to share the secret of wealth as today’s third item, but one thing led to another and now it’s time for Jon Stewart and the Fake News.

Have a good weekend!

Oy.

August 7, 2008January 4, 2017

James Ooi: ‘I was actually considering voting for your man, Obama, because he had the guts to take the anti-populist stance of being against the gas tax holiday. Too bad he’s now caved in by supporting the release of oil from the Strategic Petroleum Reserve. Anyone who is truly committed to steering the country toward alternative energy must realize the best (maybe the only) way to get us there is through sustained high energy prices (Thomas Friedman made this point in an NYT column a while ago, and I agree).’

☞ I don’t think we have to worry too much about a return of cheap gas. And on the Strategic Petroleum Reserve issue, I’m actually a bit of an agnostic. It wouldn’t kill me to see the government sell some oil futures at $145 a barrel and cover their short at $90. (That’s probably a smarter way to do it than literally pumping out the oil, but it’s harder to explain in a sound-byte.) Leaning against the speculators this way could cut by many tens of billions a year our impoverishment . . . we hemorrhage a little less massively at $90 than at $145 . . . and might even earn the Treasury a profit.

That’s quite different, it seems to me, from McCain’s initiative simply to buy votes by cutting the gasoline tax – at the expense of our already gargantuan deficit. There is simply no legitimate economic rationale for doing that. Indeed, as James and I and Thomas Friedman argue, it would be counterproductive.

Whatever one thinks about the possibility of leaning against the oil speculators as described above, my main point would be to thank James for raising this concern, while hoping that no one specific item like this will actually determine his – or anyone’s – vote in November.

Each candidate is flawed (aren’t we all?), as he tries to find the best set of compromises to steer us through the years ahead. I would argue that McCain’s flaws dwarf Obama’s, and that Obama’s compromises will be significantly more thoughtful, better-advised, and better reasoned than McCain’s. Do you want a president whose first instinct is to turn to Phil Gramm for economic advice, or to Warren Buffett?

I hear from folks angry that Hillary’s name will not be entered into nomination for a vote in Denver – even though it was Hillary who chose to suspend her campaign and throw her weight behind Obama. (‘I will work my heart out to make sure that Senator Obama is our next President and I hope and pray that all of you will join me in that effort,’ she said.) They are so mad they say they will vote for McCain. I feel their pain, because I think Hillary is sensational (as is Barack) and would have made a terrific president (as will Barack, if we win) – but to me, that’s no reason to give up on all the things Hillary and Barack both stand for by voting for McCain (or staying home).

I hear from folks who say they will vote for McCain if the Democratic Convention starts with a prayer. They treasure the separation of church and state (as do I), and they’ve HAD it with the Democrats because of this. Never mind that the House and Senate begin their sessions every morning, day after day, year after year, with a prayer. Or that Presidential Inaugurations always start with a prayer. Or that, of course, the Republican Convention will also start with a prayer. All that, they’ve found a way to live with. But if we start with a prayer, forget war and peace, tax policy, lobbyist-written corporate regulation, gay rights, women’s rights, the minimum wage, health care, college loans – they’re voting for McCain.

Of course, at the end of the day, I’m hoping they’re really not.

They are totally entitled to their anger and frustration; but at the end of the day I hope they’ll vote our way . . . not least because the Supreme Court Justices Obama appoints are likely to place a higher priority on the separation of church and state than McCain appointees would.

McCain has promised emphatically that he will appoint justices who are ‘clones’ – his word – of the Bush appointees.

If ‘clone’ means what I think it does, perhaps the ‘McSame’ moniker has some validity?

At least on economic policy (make the tax cuts for the rich permanent! cut taxes on corporations!) . . . and on social policy (repeal Roe v. Wade! don’t let gays in the military!) . . . and on the Judiciary (‘I’ve said a thousand times on this campaign trail that I want to find clones of Alito and Roberts’) . . . voting for McCain is voting for something very like a third Bush term. Why would any Hillary supporter want that?

PTARMIGAN

Jonathan Young: ‘Eggplant ptarmigan? Sounds delicious if a bit gamy. But what about (another of your ongoing theses) the transportation cost of the ptarmigan from Iceland?’

☞ You guys just won’t let up. It was Spell Check that did this, I tell ya, fellas – Spell Check! [Blam! Blam! Blam! They shoot him anyway. Music comes up. Roll credits.]

That $490 Billion Budget Deficit

August 6, 2008January 4, 2017

$490 BILLION?

Last week it was announced that the Bush Administration would lave us with a $490 billion deficit for the fiscal year beginning two months from now, October 1.

But this number doesn’t include the $200 billion we’ll be filching from the Social Security Trust Fund – so it’s $690 billion. And it probably overstates the tax revenue we’ll collect – and understates the cost of the safety net benefits and various bail-outs we’ll incur – as the economy worsens. So George W. Bush, who promised a balanced budget (as John McCain does now) will leave the next President with a government running three-quarters of a trillion dollars in the red. Maybe more.

Not to harp (oh, go ahead: harp), but more than three years ago here I offered this:

Note that our accumulated National Debt since 1776 will have reached $10 trillion or so by the time President Bush leaves office – up from under one trillion when Ronald Reagan took office. Of the $10 trillion, $8 trillion or so will have been racked up under just three presidents: Ronald Reagan, George Bush, and George Bush. (Of course, with inflation, it’s natural that 21st Century deficits would dwarf 19th Century deficits. What really matters is the size of the Debt in proportion to the size of the economy – and which way that ratio is headed. The debt was about 30% of GDP when Reagan took office, will be about 75% when Bush leaves – and is headed in the wrong direction.)

Meanwhile, the ratios of consumer debt are higher also. Our homes ‘appreciate’ (even though they grow no bigger) and we borrow and spend that newfound ‘wealth.’

It may all work out fine. It generally does. But not always.

[So? So? So, as expensive as they are, I’m not selling my TIPS or my oil stocks or my PCL, all of which might be good hedges against inflation.]

☞ And guess where the National Debt is now: $9.6 trillion, right on target to hit $10 trillion, give or take a few billion, on January 20th, 2009. Just the interest on that mostly-Republican debt is equivalent to 40% of all the personal income taxes we pay, leaving that much less room to pay for anything else.

PICKENS

So he would make money – I hope – generating electricity from wind. That part I like. Full speed ahead.

He would enhance the value of his water holdings by using the rights-of-way under the needed wind-farm-to-cities transmission lines to bury water pipelines. That part I’m not sure is so bad – Dallas will certainly need water, and the cheaper it is to get it there, I should think, the better.

But according to this in the LA Times, the third piece of his grand plan – to use natural gas instead of gasoline to power cars – works for him because he owns a natural gas fueling station company. And that company is the sole funder of a California proposition to pump billions of dollars into subsidizing the switch to natural-gas powered vehicles. Which, the article goes on to explain, may not be such a good idea.

The last public persuasion effort Pickens funded – the Swiftboating of John Kerry – did not serve the country well, either.

Up with the windmills, down with Prop 10?

A Peck of Pickens Peppers And Pickens' Dickens of a Plan?

August 5, 2008March 11, 2017

Yesterday, the peppers got bumped by hugely good news for humans. (Seriously: a game-changer, in case you missed it.)

And that was after bumping them Friday for this fundamentally important story: how the TV news folks are failing our democracy. (I urge you to take a look and share it widely.)

Today, the peppers will not be bumped!

PEPPERS

I asked why red and yellow peppers cost so much more than green ones. Are they higher up in the pepper trees and thus harder to pick? Is it expensive to dye them?

Anne Vivino-Hintze: ‘Pepper trees????? All peppers start out green. After they reach full size, some varieties turn red, some varieties turn yellow, some turn orange. As their color develops, so does their sweetness. In my home garden I grow a variety called a chocolate pepper that starts green but at maturity turns brown on the outside with red flesh on the inside. Very good, but doesn’t taste like chocolate. So the red and yellow and orange peppers have to make it to full green size unscathed and then remain on the low bush while their bright color and sweet flavor develops. All the while avoiding damage from slugs and farm equipment and large human feet.’

Jeff Groff: ‘They take longer to ripen. They’re not dyed. They actually turn red or yellow. They sit in the field or greenhouse longer than green peppers. That’s why they cost more.’

Mike Rutkaus: ‘I think the red and yellow peppers are more nutritious. They have more of the colorful anthrocyanins in them that preserve your eyesight, etc. Like blueberries and strawberries and red wine. So they are more valuable, people know this at some level, and suppliers can charge more for them.’

Peter K: ‘It costs more for ripe peppers, as it does for vine-ripened tomatoes or Spatlese wine, which is why I always skip the green peppers at the salad bar. From Wikipedia article Bell pepper: ‘Green peppers are unripe bell peppers, while the others are all ripe, with the color variation based on cultivar selection. Because they are unripe, green peppers are less sweet and slightly more bitter than yellow, orange, purple or red peppers.’ ‘

Michael Joy: ‘I imagine that green peppers are cheaper because the growers have a longer time to get them to market before they go bad. Also, since ANY bell pepper that is not ripe can be a green pepper, there are more sources of green peppers. Meanwhile once ripe (in either yellow or red), the growers have a shorter time to get them to the consumer. And only a yellow pepper will be yellow, so there aren’t as many of them.’

PTARMIGAN

My brother: ‘You write, ‘Have you not heard of eggplant ptarmigan?’ No. And it’s probably more expensive than chicken.’

Ed: ‘‘Eggplant ptarmigan’??? As an avid birdwatcher, I urge you not to encourage people to eat ptarmigan.’

☞ Oops. It seems I left out the second ‘i’ in parmigian, and Spell Check took a wild guess.

PICKENS

Peter Kaczowka: ‘There are some good ideas in Pickens’ plan, but using natural gas for transportation is not one of them. Internal combustion engines are badly inefficient, compared to electric engines and generating electricity, not to mention being dirty and noisy. Pickens seems to believe that it will take 30 years before electric cars are practical, but somehow we can switch our cars to natural gas quickly. The US would need a network of natural gas filling stations, while we already have electric ‘filling stations’ everywhere. A better use for natural gas would be to replace oil for use in home heating and electric power generation. Together heat and power generation account for nearly 20% of the oil we use. Stop using oil for that, get some SUVs off the road, and we can hit his 38% reduction in oil use. Many folks here in the Northeast would appreciate moving from oil heat to natural gas.’

James Ooi: ‘US GDP is $13 trillion, so importing $700 billion of oil represents less than 6% of our national income, so ‘going broke fast’ seems exaggerated, akin to saying I’m going broke fast because I earn $100K and spend $6K on heating and gasoline and will have spent $60K in 10 years. Our wealth as a nation depends far more on using the lowest cost source of energy (subject to environmental concerns, and here, wind power shines) than it does trying to source our energy from within the country. T. Boone Pickens surely knows this, so I wonder about his motives.’

☞ Hmmm. There are 300 million of us in the U.S., so spending $700 billion a year comes to $2,333 a year for each of us; about $10,000 for a family of four (plus a dog). I have nothing against the Canadians, Venezuelans, or Middle Easterners from whom we get most of our oil. After all, they can use that $700 billion to buy our products (or, say, 100 million acres of prime American farmland each year . . . or all the stock of Apple and IBM and Yahoo! and Amazon and Boeing and the entire US airline and auto industry each year). But speaking selfishly, I guess I’d rather we sent that money to ourselves, to build clean, renewable energy sources.

But James is not the only one who wonders about Pickens’s motives. David Bruce kindly sent me this link, suggesting that gaining a water monopoly, and a right of way to pipe his water to thirsty cities, may be a quiet part of his plan.

Tomorrow: That $490 Billion Budget Deficit Is Actually $700 Billion or More

Hugely Good News for Humans

August 4, 2008January 4, 2017

Peppers and ptarmigan, as promised. But first, some really, really, hugely good news. (I keep telling you, it’s just a matter of getting from ‘here’ to ‘there’ . . . and this may be one of the most direct paths.)

‘Major Discovery’ Primed To Unleash Solar Revolution: Scientists Mimic Essence Of Plants’ Energy Storage System

ScienceDaily (Aug. 1, 2008) – In a revolutionary leap that could transform solar power from a marginal, boutique alternative into a mainstream energy source, MIT researchers have overcome a major barrier to large-scale solar power: storing energy for use when the sun doesn’t shine.

Until now, solar power has been a daytime-only energy source, because storing extra solar energy for later use is prohibitively expensive and grossly inefficient. With today’s announcement, MIT researchers have hit upon a simple, inexpensive, highly efficient process for storing solar energy.

Requiring nothing but abundant, non-toxic natural materials, this discovery could unlock the most potent, carbon-free energy source of all: the sun. “This is the nirvana of what we’ve been talking about for years,” said MIT’s Daniel Nocera, the Henry Dreyfus Professor of Energy at MIT and senior author of a paper describing the work in the July 31 issue of Science. “Solar power has always been a limited, far-off solution. Now we can seriously think about solar power as unlimited and soon.”

Inspired by the photosynthesis performed by plants, Nocera and Matthew Kanan, a postdoctoral fellow in Nocera’s lab, have developed an unprecedented process that will allow the sun’s energy to be used to split water into hydrogen and oxygen gases. Later, the oxygen and hydrogen may be recombined inside a fuel cell, creating carbon-free electricity to power your house or your electric car, day or night.

The key component in Nocera and Kanan’s new process is a new catalyst that produces oxygen gas from water; another catalyst produces valuable hydrogen gas. The new catalyst consists of cobalt metal, phosphate and an electrode, placed in water. When electricity – whether from a photovoltaic cell, a wind turbine or any other source – runs through the electrode, the cobalt and phosphate form a thin film on the electrode, and oxygen gas is produced.

Combined with another catalyst, such as platinum, that can produce hydrogen gas from water, the system can duplicate the water splitting reaction that occurs during photosynthesis.

The new catalyst works at room temperature, in neutral pH water, and it’s easy to set up, Nocera said. “That’s why I know this is going to work. It’s so easy to implement,” he said.

Giant leap for clean energy

Sunlight has the greatest potential of any power source to solve the world’s energy problems, said Nocera. In one hour, enough sunlight strikes the Earth to provide the entire planet’s energy needs for one year.

James Barber, a leader in the study of photosynthesis who was not involved in this research, called the discovery by Nocera and Kanan a “giant leap” toward generating clean, carbon-free energy on a massive scale.

“This is a major discovery with enormous implications for the future prosperity of humankind,” said Barber, the Ernst Chain Professor of Biochemistry at Imperial College London. “The importance of their discovery cannot be overstated since it opens up the door for developing new technologies for energy production thus reducing our dependence for fossil fuels and addressing the global climate change problem.”

Just the beginning

Currently available electrolyzers, which split water with electricity and are often used industrially, are not suited for artificial photosynthesis because they are very expensive and require a highly basic (non-benign) environment that has little to do with the conditions under which photosynthesis operates.

More engineering work needs to be done to integrate the new scientific discovery into existing photovoltaic systems, but Nocera said he is confident that such systems will become a reality.

“This is just the beginning,” said Nocera, principal investigator for the Solar Revolution Project funded by the Chesonis Family Foundation and co-Director of the Eni-MIT Solar Frontiers Center. “The scientific community is really going to run with this.”

Nocera hopes that within 10 years, homeowners will be able to power their homes in daylight through photovoltaic cells, while using excess solar energy to produce hydrogen and oxygen to power their own household fuel cell. Electricity-by-wire from a central source could be a thing of the past.

B This project was funded by the National Science Foundation and by the Chesonis Family Foundation, which gave MIT $10 million this spring to launch the Solar Revolution Project, with a goal to make the large scale deployment of solar energy within 10 years.

Adapted from materials provided by Massachusetts Institute of Technology, via EurekAlert!, a service of AAAS

☞ Good news for these cobalt-producing countries, perhaps. (From this same page you can see which countries produce just about anything: pig iron, lithium, salt – you name it.)

But hugely good news for humans. Imagine a world of abundant clean energy. As Ray Kurzweil has so importantly argued, the dazzling technological progress we’ve experienced these past 50 years is likely to be dwarfed by what’s to come in the next 50 – by a factor of 32 times.

Oh, boy, oh, boy, oh, boy, oh, boy.

Tuesday (which you can read today): A Peck of Pickens Peppers

The Media Are Failing Us Fear For Our Future

August 1, 2008March 11, 2017

Okay, so I now know everything about peppers – and more than a little about ptarmigans – thanks to you. But that will have to wait ’til Monday because this post from Media Matters is just too important to postpone.

It explains how Bush beat Gore, why we had these disastrous eight years, and how the electorate might just be persuaded to vote for four more disastrous years.

I’ve bolded some portions, but this one – really – should be read word for word. Too much is at stake to skim it.

“Media Matters”
by Jamison Foser

The media debunk McCain smears, then promote them

One of the dominant themes in media coverage of the 2000 presidential campaign was that Al Gore was a liar. That theme was itself a lie; media outlets invented quotes Gore never said in order to accuse him of dishonesty, all while virtually ignoring actual lies from George W. Bush. Inaccurate and imbalanced as that media coverage was, it reflected at least one assumption that seems inarguably true: It is significant, and newsworthy, when a presidential candidate and his campaign repeatedly make false claims.

But it seems reporters throw that assumption out the window when the presidential candidate making the false claims is one the media have long praised for his “straight talk” and his opponent is one the media have begun accusing of being “arrogant” or “presumptuous.”

Over the past few weeks, and especially the past week, numerous news organizations and other neutral observers have debunked a series of false claims made by John McCain and his campaign.

FactCheck.org, for example, has called one McCain attack ad “false,” said another contains a “false” insinuation, described another as misleading, called another “ridiculous” and added, “That’s absurd, and McCain knows it.” FactCheck said the attacks in yet another McCain ad are “oversimplified to the point of being seriously misleading,” noting that by the standards of evidence the McCain campaign used in the ad, the Arizona senator himself could be criticized precisely the same way. FactCheck called criticisms McCain has leveled against Obama’s tax plans “bunk,” adding, “He’s wrong,” and stating that McCain is using a “false and preposterously inflated figure” to attack Obama. They called another McCain attack “simply wrong” and “not true.” They said yet another McCain ad “gets nearly all its facts wrong. … [E]very number in the ad is wrong, except one. … And even that number is rounded upward so generously as to flunk third-grade arithmetic.” And FactCheck called yet another McCain attack “trickery” based on an “inflated and misleading” number that was the result of “Double, Triple and Quadruple Counting.”

And that’s just in the past month.

The Washington Post has reported that “McCain and his allies” are accusing Obama of “snubbing wounded soldiers by canceling a visit to a military hospital because he could not take reporters with him, despite no evidence that the charge is true” and noted that the evidence the McCain campaign provided to back up the claim did not do so. The New York Times reported that McCain’s recent offensive against Obama has been based on claims that have been “widely dismissed as misleading,” which is actually an understatement — they’ve been widely dismissed as false. A St. Petersburg Times editorial denounced McCain’s “nasty turn into the gutter,” adding that he “has resorted to lies and distortions in what sounds like an increasingly desperate attempt to slow down Sen. Barack Obama. … [T]hese baseless attacks are raising more questions about the Republican’s campaign and his ability to control his temper.” The New York Times editorial board called another McCain attack “contemptible” and “ugly.” On MSNBC, Time magazine Washington bureau chief Jay Carney called a McCain ad “reprehensible.” MSNBC’s Andrea Mitchell reported that a McCain ad is “completely wrong, factually wrong” and that it “literally is not true.” The Cleveland Plain Dealer rated a McCain campaign ad a “zero” on its 0-to-10 scale of truthfulness.

All that — and much, much more — has come in just the past week.

In short, nearly every recent attack by the McCain campaign on Obama — and there have been many — has been debunked by at least one news outlet and in most cases by several.

So what’s the problem? Sounds like the media are doing their job, right?

Wrong.

All week, McCain’s attacks have been driving news coverage. Those same news organizations that have declared McCain’s charges false have given them an extraordinary amount of attention, repeating them over and over. They have adopted the premises of the McCain attacks even as they acknowledge the attacks are based on false claims. The media narrative of the week has not been, as you might expect, that John McCain’s apparent dishonesty may hurt him with voters. Instead, the media’s basic approach has been to debunk McCain’s attacks once, then run a dozen stories about how the attacks are sticking, how the “emerging narrative” will hurt Obama.

But attacks don’t just stick and narratives don’t just emerge. The only reason that the topic of the week was whether Obama is presumptuous instead of whether McCain is a liar who will do anything to get elected is that the news media decided to make Obama’s purported flaws the topic of the week — even after debunking the charges upon which the characterization is based. It’s as though the news media — so concerned about lies (that weren’t really lies) in 2000 — have suddenly decided that it doesn’t matter that the McCain campaign is launching false attack after false attack. That it’s the kind of thing you note once, then adopt the premise of the attack.

Examples from the past week are so numerous, it’s difficult to even know where to begin. So let’s start with Andrea Mitchell’s interview of McCain campaign manager Rick Davis yesterday. Why start there? Because Mitchell has been widely praised for holding Davis’ feet to the fire. But Mitchell’s performance was actually quite bad; it is only because the rest of the media have been so bad that people thought Mitchell was good.

First, some background: Late last week, McCain and his campaign began claiming that Barack Obama canceled a visit to wounded troops because “the Pentagon wouldn’t allow him to bring cameras.” Andrea Mitchell knows that this is a false claim; she has said so herself several times. Among other examples, she said on July 28 that “the McCain commercial on this subject is completely wrong, factually wrong” and that it “literally is not true.”

So on July 31, Andrea Mitchell interviewed McCain campaign manager Rick Davis for more than 13 minutes — and she didn’t ask a single question premised on the McCain campaign’s false attacks. Didn’t say a single word that so much as hinted at what she knows to be true — what she has said repeatedly: that McCain’s attack on Obama was false.

Mitchell started things off by inviting Davis to elaborate on an attack he had leveled on Obama earlier that day. Next, she brought up the McCain campaign’s ad comparing Obama to Paris Hilton:

MITCHELL: Well, let’s talk about the celebrity ad. Now, the Obama campaign is responding to that, of course, because their take on it is that you are comparing him to two people, Paris Hilton and Britney Spears, who are famous basically, for doing nothing. Whereas, he is a United States senator and the Democratic nominee. You know, how do you defend the ad?

Hardly a tough question; it once again boils down to an invitation to Davis to elaborate on the McCain campaign’s criticisms of Obama.

Finally, after several minutes of bickering about the ad, Mitchell did ask a reasonably tough question, asking Davis to respond to criticism by longtime McCain confidant John Weaver that the ad is “tomfoolery” (though Mitchell omitted Weaver’s strongest condemnation of the ad).

Next, Mitchell asked about the McCain campaign’s criticism of Obama for not visiting the troops and Landstuhl — sort of:

MITCHELL: OK. And were you guys ready, by the way, on the whole subject on visiting the troops, not visiting the troops at Landstuhl (INAUDIBLE)? Were you ready with an advertisement as some has suggested, in case he had visited the troops, to criticize him for doing it while on a political trip?

Incredibly, Andrea Mitchell, who knows the McCain campaign’s Landstuhl allegations are false, who has said they are false, brought Landstuhl up during an interview with McCain’s campaign manager — and she didn’t say a single word that so much as hinted at the fact that the McCain camp’s allegations are false!

If you’re Andrea Mitchell, and you’ve been saying repeatedly that the McCain campaign is making false claims about Barack Obama, and you get 13 minutes to interview John McCain’s campaign manager, the single most important — and obvious — question you could ask would be one about McCain’s honesty, one that points out the false claims you know he has been making. But Mitchell couldn’t bring herself to commit such a flagrant act of journalism.

And this is an interview that has won Andrea Mitchell praise! That should tell you everything you need to know about how fundamentally broken the media are.

When Davis was done attacking Obama for not going to Landstuhl, Mitchell politely moved on — and her next question suggested Barack Obama is just as culpable for the campaign’s negative turn as John McCain is. Later, she again drew equivalence between the negativity of the two campaigns. Rather than asking John McCain’s campaign manager a single question about the falsehoods she knows McCain is spreading, Mitchell instead told him that Obama is just as bad.

Finally, Mitchell asked Davis about a memo the McCain campaign distributed that mocks Barack Obama for drinking iced tea and eating protein bars for energy (no, I am not making this up). Here’s how Mitchell phrased the question: “So, is that your campaign, you know, shtick right now? That he is sort of out of the mainstream, elite…?”

Now, a tough question about the McCain campaign’s attempts to portray Obama as an “out of the mainstream elite” might have mentioned that we learned just this week that John McCain wears $520 shoes. Or it might have mentioned that he and his wife have somewhere around a dozen homes. Might even have mentioned that McCain and his wife would save nearly $400,000 under McCain’s tax plan.

Andrea Mitchell didn’t ask anything like that. Didn’t give the slightest indication that it might be a tad hypocritical for the fantastically wealthy admiral’s son in the $520 loafers to portray Barack Obama as an elite. Instead, she just asked if that’s what the McCain campaign was doing. When Davis responded by claiming “honestly I don’t think we are focusing on it. You’re the one bringing it up, today,” Mitchell for some reason chose not to point out that she brought it up because Rick Davis brought it up in a memo he released the day before.

Again, this is a performance for which Mitchell has been praised as one of the better examples of journalism this week.

But it’s really little more than one of countless examples this week of the fact that the political media simply don’t care about falsehoods and lies — at least when they are coming from John McCain and his campaign. Sure, they’ll (sometimes) note the falsehoods, as detailed above. But they don’t treat the falsehoods as though they are important. They don’t devote articles and television segments to McCain’s growing credibility problem or to detailing the growing pattern of bogus claims. Instead, they debunk the details of McCain’s claim, then proceed to accept the underlying premise and devote their segments and articles to that.

Incredibly, Mitchell’s interview of Rick Davis was the second time in slightly more than two days that an MSNBC host interviewed Davis without asking him about the Landstuhl falsehood; Joe Scarborough and Mika Brzezinski did the same thing on July 29.

Yesterday, The New York Times ran an article about McCain’s “newly aggressive campaign to define Mr. Obama as arrogant, out of touch and unprepared for the presidency.” Ten paragraphs into the article, the Times finally got around to acknowledging — in a secondary clause of a sentence — that McCain’s attacks have “included some assertions from the McCain campaign that have been widely dismissed as misleading.” Not only was this acknowledgement buried, as though it is a trivial detail, it understated things considerably — the assertions have been dismissed by many as false, not merely misleading. The Los Angeles Times ran a front-page article that portrayed McCain’s troop snub charge as a he-said/she-said, despite the fact that separate article in that same edition of the newspaper noted — as many others have — that the McCain charge is false.

Instead, the media spent the bulk of the week discussing Barack Obama’s purported “presumptuousness” and “arrogance” — even though they (occasionally) acknowledged that the examples upon which the charge is based are bunk. There is simply no good reason for this.

Confronted with a situation in which Candidate A is making false claims to portray Candidate B in a negative light, logic, reason, a basic respect for truth, and an interest in quality journalism all suggest that the media should focus on Candidate A’s dishonesty rather than whether Candidate B does indeed have the negative qualities Candidate A is using false claims to establish. How can that possibly be a controversial proposition?

The excuse reporters will offer is that the “narrative” is “emerging.” But these narratives don’t emerge on their own. They emerge because the media keep asserting them, without evidence. If the cable news shows asked every guest this week whether John McCain’s repeated false claims will undermine his credibility rather than whether Barack Obama’s presumptuousness will hurt him, the “emerging narrative” would be quite different.

And that’s what they should be asking — there is evidence that McCain has been making false claims. These very same news organizations know there is evidence; they have reported it. Yet they ask questions and host discussions based on the claims they know are false rather than on the truth they have reported. There is simply no valid reason for this. None.

It isn’t that the “narrative” is out there — the narrative doesn’t get out there without the media putting it out there. Based, in this case, on a bunch of claims they know are false. (The “it’s out there” excuse extends beyond narratives: Yesterday, MSNBC’s Tamron Hall introduced yet another clip of a McCain ad — for much of the week the cable channel has seemed to exist solely to give free air time to McCain ads so he doesn’t have to spend his own money on them — by saying “it is certainly getting a lot of attention.” No, it isn’t “getting” attention; there’s no reason to hide behind the passive voice. MSNBC was giving it a lot of attention.)

And don’t let reporters tell you they’re covering the “narrative” that Obama is “arrogant” because he has a problem with being perceived that way. He doesn’t (yet: a week of media focus on this garbage could change that, at which point, they’ll claim credit for prescience rather than acknowledging their own role in the smear). CNN released a poll this week that asked whether people find the presidential candidates “arrogant.” There was basically no difference between Obama and McCain on this question. Much of the alleged “evidence” that Obama is presumptuous applies to McCain as well. (Travels abroad? Check. Meets with foreign leaders? Check. Has slogan on campaign plane? Check.) And the public view of the two is similar. But how often do you hear the media talking about McCain’s presumptuousness and arrogance? Roughly “never”? Why not?

Because the journalists responsible for coverage of political campaigns simply don’t give a damn about the truth, or about balance, or about what is important and what is not. They’re thrilled to spend three days talking about a substance-free attack because it amuses them that the attack used Paris Hilton’s image. (Assuming John McCain is leveling the attack rather than the subject of it: Try talking about how much money Paris Hilton and John McCain will save under John McCain’s tax plan, and see if you get as much attention.) And they’ll enthusiastically repeat a bogus Republican attack over and over, stipulating to the premise, even if they know it’s factually incorrect or illogical nonsense.

On Wednesday, MSNBC’s Contessa Brewer provided an example that would be hilarious, if it weren’t so horrible. Interviewing Rep. Sheila Jackson Lee (D-TX) about an unsubstantiated quote that had been attributed to Obama, Brewer acknowledged that there were indications that the quotation was wildly misleading — that, in fact, Obama had said the opposite of what he was purported to have said. Jackson Lee had actually been in the room for Obama’s comments and said the quotation was wrong. At which point, Brewer asked if it would have been presumptuous for Obama to have said what he didn’t say. Sounds crazy, right? See for yourself:

BREWER: Do you think if he had just said — if he had just said — “I have become the symbol of the possibility of America returning to our best traditions,” that sentence in and of itself, do you think that that is presumptuous? Do you agree if that had been the only sentence without the context, that it would have been enough for people to think, well, who does he think he is?

If he had said it, would it be presumptuous? Well, maybe. And if John McCain announced that he is the walrus, it would be a bit strange, too. So what? There’s no reason to believe he said it. But this is how low our political media have sunk: questioning members of Congress not about the Iraq war, or the economy, or executive power, but about hypothetical situations in which Barack Obama says something that there’s no reason to think he said, and whether it would be presumptuous of him to make these comments. Hypothetically.

One final example — a small one, but illustrative of the way the media behaves. Yesterday, The Atlantic’s Marc Ambinder wrote:

[T]he Republican echo chamber has been sounding full tilt about Barack Obama’s Jimmy Carter-esque turn as advice columnist to Americans about energy. Rush Limbaugh and Sean Hannity spent part of their broadcast mocking Obama for urging Americans to inflate their tires to help conserve gasoline.

Obama had a point, and the auto industry recommends the same thing as do governors Schwarzenegger and Crist, but nevermind; the ridicule fix is in. An effective GOP shot.

Ambinder doesn’t address — or even raise — the question of why this is “an effective GOP shot,” but the answer is simple: Because the media, Marc Ambinder included, treat it as such.

As Ambinder’s Atlantic colleague Matthew Yglesias wrote in response:

The upshot is deemed to be … success for the echo chamber, “an effective GOP shot.” But why? Maybe the attack will be reported in a way that’s helpful to Republicans. But why should it be reported that way? Why should slamming Obama for offering sound, bipartisan, industry-endorsed advice by [sic] an effective attack?

Yglesias is right, but he could have gone further by pointing out the other ways the media could cover the attack.

They could cover it by pointing out that it is a bogus attack, that Obama is right and that the GOP is either ignorant or dishonest. If they covered it that way, surely it wouldn’t be an “effective GOP shot” — it would blow up in the Republicans’ faces. And why not cover it that way? Covering it that way would clearly be better journalism than simply repeating the GOP’s bogus ridicule as though it has some basis in fact.

Or they could cover it the way they would probably cover it if the situation were a little different. Imagine that during the 2004 campaign, George W. Bush suggested people increase their fuel efficiency by keeping their tires properly inflated and John Kerry dismissed the idea. It isn’t at all that difficult to imagine the media seizing on Kerry’s dismissal as evidence that the wealthy coastal elite doesn’t understand cars the way rugged Midwestern guys do, as an example of him being out of touch and incapable of relating to regular people. Honestly, is there anyone who thinks Maureen Dowd or Dana Milbank wouldn’t write that column?

Well, John McCain is a very wealthy guy with $520 shoes and more homes than most men have shoes, thanks to his heiress wife. Dowd and Milbank and the rest of the media could easily respond to McCain’s mockery of Obama’s comments by portraying McCain as an effete aristocrat who can’t relate to regular people. Such coverage would be inane — but just the kind of coverage we saw when the candidate was John Kerry rather than John McCain.

So why is this an “effective GOP shot”? Because reporters like Marc Ambinder treat it as such rather than making clear that it is a bogus GOP shot. There’s nothing inherently “effective” about an attack like this. Reporters have a choice: They can simply repeat the GOP claims, in which case the shot is effective. Or they can do their jobs and give their readers and viewers an accurate understanding of the situation, in which case the attack will be ineffective — and, in fact, counterproductive, since it will make the attackers look ignorant or dishonest.

There’s nothing magical about the criticism that makes it an “effective GOP shot” — it is effective because reporters choose not to do their jobs. Narratives that are based on false examples don’t just “take hold” — reporters choose not to do their jobs. It’s really that simple. And it isn’t the difference between good journalism and bad journalism. It’s the difference between journalism and something else entirely. A journalist doesn’t simply repeat false claims the Republicans make. A journalist doesn’t adopt the underlying premise of an attack when the evidence in support of it is false. Whatever you call the people responsible for this nonsense, don’t call them journalists.

-J.F.

☞ If this piece strikes you as important, share it with others. To do that, just go here. Or use the ‘Share This’ link we’ve added an inch or two above the daily quote at top left.

Monday: A Peck of Pickens Peppers

NRDC Recycling Tips

July 31, 2008March 11, 2017

But first, an enigma: Through what principle of agronomics are red and yellow peppers two or three times as expensive as green peppers? Can anyone tell me? Are red and yellow dyes that much more expensive than green? The main costs of the peppers are identical: the cost of packing and shipping them to the store, the cost of store labor for stocking them, the store’s rent and utilities. Is it that the red and yellow peppers grow only at the very top of the pepper tree and are thus an order of magnitude more difficult and dangerous to pick?

I need to know!

And now . . .

THE MULTIPLICATION GAME

In terms of stuff (yesterday’s video), one looks for ways to live lighter on the land.

And in terms of the Bush economy, one looks to economize. (A grand eight years for the rich and powerful, yes, but a time when – since the year 2000, NBC Nightly News reports – middle class families have seen their income drop by $1,175 while life’s necessities keep getting more expensive – gasoline up $2,200 a year, health insurance up $363, food up $220, the average yearly mortgage payment up $1,729.)

A psychological trick that may help if you don’t do it already: multiply whatever little thing you’re buying by 365, if you buy it every day.

It’s not a $4 Starbucks – it’s a $1,460 annual Starbucks habit. (Sorry, Starbucks; I love you!) Brewing coffee at home – toss in a little cinnamon or hot chocolate mix – and taking it with you in a go cup, which you can then use for your free office coffee instead of Styrofoam cups, saves you $1,000 a year.

It’s not a 75-cent bottle of water twice a day, it’s a $547 annual water bill. Yet just as $220 Johnny Walker Blue bottles are auspiciously refilled with Glenlivet at one fifth the price (I poured a Blue aficionado three unlabeled jiggers, one Blue, two Glenlivet, and watched happily as he couldn’t tell them apart), so the water bottle may be refilled – free – with delicious chilled tapwater, saving $527 a year and the need for 730 petroleum-based plastic bottles (of the 30-odd billion Americans throw out each year).

And don’t even get me started on cigarettes.

Paper towels? Have you people not heard of a sponge?

Beef? Have you people not heard of pork? Pork? Have you not heard of chicken? Chicken? Have you not heard of eggplant parmigian? The further down the food chain you go, and the less processing went into making it, the less resources were required – and, often, the less it costs and the better it is for you.

Most of you know at least much about all this as I do, and most of you know I’m not proposing you never have a Starbucks or a burger.

But I am proposing you ask the chef at your next BBQ for an Andy Burger. Just once, at least. Try it! (An Andy Burger is a fully loaded cheeseburger, with lettuce, tomato, and pickle on a grilled bun – hold the burger. Slather on the ketchup. The grill marks impart that beefy aroma, and ketchup is the main point of a burger anyway . . . I’m telling you, it’s every bit as good as the traditional burger but less expensive, lighter on the land, healthier, and much easier on the cow.)

RECYCLING 101

Good tips from the Natural Resources Defense Council.

Stuff

July 30, 2008January 4, 2017

Your comments on yesterday‘s wind-power clip tomorrow (or soon).

Today, The Story of Stuff, if you haven’t already seen it . . . a life-changing 20 minutes.

Don’t be put off by how simplistic and one-sided it may seem, how left-leaning (if you yourself happen to lean right), or the possibility that some of the numbers used are at the high ends of their range. (Chances are that whatever may be exaggerated now will soon be accurate if we don’t act.)

There is much good to be said of the modern corporate world, free trade, and the like. You won’t see it said here.

But if you care about your kids’ future, you’ll watch it anyway – and get them to watch it.

At the very least, you will learn things. I did. Did you know that for every garbage can of stuff we put out at the curb, 70 cans of garbage had to be disposed of to make the stuff that became your one garbage can of stuff?

The Answer, My Friend?

July 29, 2008March 11, 2017

THE PICKENS PLAN

We import 70% of our oil up from 24% just 38 years ago. Another 38 years and we’ll be importing well over 100%. (Insert tragicomic smiley face here.) The annual cost is $700 billion – over 10 years = $7 trillion. We are going broke fast.

There are solutions.

Take four and a half minutes to watch one of them.

Smart Financial Advice Stop! Fief!

July 28, 2008March 11, 2017

ICH BIN . . .

Thorsten Kril: ‘I did watch Obama’s speech, and what strikes me most about it is the lack of ego. The speech was so in tune with today’s world, and it wasn’t about him at all. Over the last few weeks this guy has totally won me over. I never thought I’d switch sides, but Obama will be so great for our country.’

Dan: ‘Come on Andy, even though this is your little fiefdom try to use common sense. How many of the European crowds who turned out for Obama vote in our elections? If I were a foreign national, I’d be for Obama, too.’

☞ Not sure I see Dan’s point. Mine was just that much of the world yearns for an American leader who can make them proud to be our friend again. And having much of the world like and admire us again would be good for business, good for our national security, and good for our ability to help lead the world through the challenging decades ahead.

SMART ECONOMIC ADVISORS

So we know at least one of Senator McCain’s key economic advisors – former Senator all-Enron-roads-lead-to Phil Gramm (who recently said the squeeze Americans feel is psychological and that we’re whiners). This was the guy whom McCain, admittedly weak on economic matters, most heavily relied on to structure his economic plan.

Who are Obama’s top economic advisors?

Obama was the full hour with Tom Brokaw on Meet the Press yesterday, and mentioned that he’d be meeting with his economic advisory team today. This team includes former Fed Chairman Paul Volcker, a personal hero of mine; the most highly respected businessman in the world, Warren Buffett; former Treasury Secretaries Robert Rubin and Larry Summers; Google CEO Eric Schmidt; and former Labor Secretary Robert Reich.

These are exactly the right kinds of people to be listening to. And how great to have the prospect of a president who listens. And who – unlike his opponent – knows how to get on the Internet. Not that the next President will lack for tech support. Just that it would be nice if a leader for the 21st century were computer literate.

SMARTEST FINANCIAL ADVICE EVER?

Here‘s the best money advice these 40 people – ranging from mutual fund managers to Dilbert’s creator Scott Adams – ever got. Some of the nuggets underwhelm, but I love this one, about avoiding debt, pretty much disagree with this one (‘Don’t Save Too Much’), live by this one (minimize your transaction costs), said ‘ouch’ to this one, and actually made it all the way through to this last one, the brilliance of which I can only barely begin to describe.

Tomorrow: Take Four and a Half Minutes to Watch the Pickens Plan

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