In this week's Sift:
- Did We Win? President Obama might sign a health-care reform bill as early as tomorrow. The Senate still has some stuff to fix, but reform is going to be a reality. After a yearlong process of argument and compromise, what should we make of the final product? First, don't think of it as a final product.
- Next Up, Financial Reform. So far, we've done remarkably little to prevent a repeat of the 2008 meltdown. This is going to take more than one Sift to cover, but let's get started.
- Short Notes. My talk about the Sift. Subway-adapted stray dogs. Jon Stewart does a great Glenn Beck imitation, while Stephen Colbert nominates Beck for pope. Strife on the Right. Why dark matter is a liberal plot. Seven years in Iraq. And more.
It's not nearly as momentous as the passage of Medicare in 1965 and won't fundamentally alter how Americans think about social safety nets. But the passage of Obama's health care reform bill is the biggest thing Congress has done in decades, and has enormous political significance for the future.
This only worked well for the Republican Party if it failed to pass. They wanted to run against a caricature of it rather than the real bill. Now let them tell a child with a pre-existing condition, “We don’t think you should be covered.”
If the Republicans do make repealing healthcare reform the centerpiece of their 2010 campaign, it won't be the first time they've tried this tactic. Pledging to repeal Social Security is how Alf Landon defeated FDR in 1936 … in Maine and Vermont. The other 46 states and 523 electoral votes went for Roosevelt.
One of the more interesting stories in the closing days of the health-care debate has been the struggle between single-issue anti-abortion Catholics and Catholics who recall Matthew 25:31-46. (“I was sick and you looked after me.”)
the flaws [of the bill] are so fundamental that they vitiate the good that the bill intends to promote.
In a rare move, the leaders of religious orders representing 59,000 American nuns undercut the bishops in a letter sent to members of Congress. It lists the virtues of the bill, and says:
despite false claims to the contrary, the Senate bill will not provide taxpayer funding for elective abortions.
The head of the Association for Catholic Hospitals (also a nun) has come out for the bill too. I'm not sure how Catholics are reacting, but from the outside the bishops look like old bachelors for whom female health is a theological abstraction.
Speaking of the Stupak compromise, it appears to be a face-saving way to resolve a trumped-up non-issue. The nuns were right: The health-care bill never provided the federal funds for elective abortion that critics claimed. So an executive order re-iterating that no federal funds will go for elective abortions has no real consequences.
Salon's Alex Koppelman nominates a Michelle Bachman – Steve King article on Politico for worst op-ed ever. The lowest of its many low moments is when it feeds the bizarre keep-government-away-from-my-Medicare notion:
Obamacare cuts a half-trillion dollars in health care for seniors to lay the foundation for socialized medicine.
I'm often asked if I find any reasonable conservatives to listen to. Well, David Frum is making a lot of sense:
Some [Republican] leaders were trapped [on health care]. They were trapped by voices in the media that revved the Republican base into a frenzy that made dealing impossible. I mean, you can’t negotiate with Adolf Hitler, and if the President is Adolf Hitler, then obviously you can’t negotiate with him.
After some Googling around and other stuff that passes for research, it looks like the best online source for keeping track of this stuff is a blog called Naked Capitalism. In this post, for example, guest blogger Frank Partnoy examines the examiner's report on the Lehman Brothers bankruptcy and concludes:
The Valuation section is 500 pages of utterly terrifying reading. It shows that, even eighteen months after Lehman’s collapse, no one – not the bankruptcy examiner, not Lehman’s internal valuation experts, not Ernst and Young, and certainly not the regulators – could figure out what many of Lehman’s assets and liabilities were worth. … When the examiner compared Lehman’s marks on these lower tranches to more reliable valuation estimates, it found that “the prices estimated for the C and D tranches of Ceago securities are approximately one‐thirtieth of the price reported by Lehman. (pages 560-61) One thirtieth? These valuations weren’t even close.
Jon Stewart gives a pretty good explanation of how the meltdown happened. And of course there's always the classic Bird and Fortune routine from the early stages of the real estate bubble.
Lawrence Lessig attends a conference on re-regulation and concludes that everyone (except Elizabeth Warren) is still in denial about the real problem: the way our political system is financed.
as expert after expert demonstrated, practically every one of the design flaws that led to the collapse of the past few years remains essentially unchanged within our financial system still. … Wall Street continues unchanged because the Congress that would change it is already shuttling to Wall Street fundraisers. Both parties are already pandering to this power, so they can … fund the next cycle of campaigns.
The text of my talk about this blog, Sifting the News, is online now.
And I know I shouldn't be criticizing female bloggers and pundits based on their appearance, but is there a factory somewhere that churns out conservative blondes? There's Schlussel, Ann Coulter, Megan Kelly, Laura Ingraham, Liz Cheney, Gretchen Carlson, and I could probably go on. Did Michelle Malkin have to get a waver or was she grandmothered in?
Jon Stewart was great the other time he did a Glenn Beck impersonation, but Thursday night was the best yet.
President Obama went on Fox News Wednesday, and was treated with an unprecedented level of disrespect by interviewer Bret Baier, who persistently interrupted and talked over him. Media Matters compares Baier's Obama interview with his Bush interview, where he asked such stinging questions as “What are you reading now?”
I'm sure you already knew that evolution and global warming are hoaxes put out by the evil liberal scientific community, but I'll bet they slipped dark matter right past you. Have no fear, the Conservapedia (the conservative movement's answer to the hopelessly liberal Wikipedia) is on the case. It has noted that a new set of experiments “may disprove liberal claims that 'dark matter' comprises 25% of the universe.”
I'm aware of no split in the cosmology community on Dark Matter vs. [Modified Newtonian Dynamics] that falls neatly across a progressive-conservative axis (Probably because there isn't one).
But that's because he hasn't read the Conservapedia article on dark matter. Without dark matter, you see, there are cosmological conundrums that require the direct intervention of God. So dark matter is just one more pitiful attempt by liberal scientists to hide the holes in their godless universe.
Brave New Films commemorates the 7th anniversary of the invasion of Iraq.
The NYT public editor reviews its coverage of the ACORN-pimp video, finds a number of failings in the Times' coverage (all damaging to ACORN), and then concludes:
It remains a fascinating story. To conservatives, Acorn is virtually a criminal organization that was guilty of extensive voter registration fraud in 2008. To its supporters, Acorn is a community service organization that has helped millions of disadvantaged Americans by organizing to confront powerful institutions like banks and developers.
If only our universe contained “facts” that could be ascertained by “reporters”. Then newspapers could spread knowledge rather than just repeat opinions from both sides.
John King's new show on CNN starts tonight. It will include Erick Erickson, the editor of the conservative blog RedState. This was supposed to be a “straight news show” about which King has commented:
I think what is troubling in part of our business is you have people on news shows who start the conversation with a bias.
Erickson, who has twittered that Supreme Court Justice David Souter is a “goat-fucking child molestor” and characterized Michelle Obama as a “marxist harpy” should fit right in with that no-bias agenda.
Conservatives think it's unpatriotic to agree with a foreign country in a dispute with the U.S. government — unless there's a Democratic administration and the country is Israel.