Quote of the Week

In response to the repug debate Wednesday, Steve M nails it:

Worship of Reagan is like worship of Jesus: people love Jesus for what they want to believe he stood for. He didn't stand for getting rich or fighting endless wars against brown people, but don't tell that to his most fervent followers in America . Similarly, Reagan raised taxes and busted budgets, but don't say that to his followers. Tell them he believed in, or at least tolerated the existence of, big-government entitlement programs and they won't believe you. It doesn't matter what the facts are.

Celebrate the Real Ray-Gun on His 100th

It is actually appropriate that we pause for a moment tomorrow to remember the douchebag who made invincible ignorance and planet-raping selfishness the new American Way.

But let's remember who Ronald Reagan really was by celebrating the values he embodied.

The Rude Pundit has some ideas:

1. Go to Best Buy and max out your credit cards on the most extravagant, useless shit you can find, like 3-D TVs and smart phones that you can implant in your brain so you can only think in Google searches and text messages. Make sure it's expensive. Then, when you're tens of thousands of dollars in debt, make sure you die so that your kids have to pay for all of it.

2. If you're pissed off at your neighbor, but he's an ex-boxer, go to the local day care center and kick the asses of the children there. Declare that you win, even if no one knows what you were fighting for.

3. Do the following to the local homeless people: Take their coats and shoes. Punch them repeatedly in the stomach. Give crack to their kids. Pawn their shopping cart of possessions. Give the money to the richest family in town. When a homeless woman asks for a coat because it's cold, accuse her of being both lazy and a thief. And set her war-vet husband on fire.

SNIP

5. If you have an STD, especially herpes, genital warts, and/or crabs, fuck people from the following nations: Nicaragua, El Salvador, Iraq, Afghanistan, Chile, and, if you have time, someone black from South Africa. Do not tell them about your disease(s). Let them figure it out for themselves.

SNIP

9. Gather your family. Tell everyone that they need to give a little of their money to support the household. Tell your kids that they are going to get less of an allowance so that the pain is spread evenly. Cancel Christmas for everyone but you. See #1.

(Bonus way to celebrate: Read the Rude Pundit's "tribute" to Reagan upon his death in 2004. It's the finest way to skullfuck the memory of the awful, cruel, incompetent puppet of a man who set the nation on its current path to doom and demise.)

Read the whole thing.

The Reagan Economy

Barack Obama's Monster Twins - Tim Geithner and Larry Summers - want us all to believe that an economy dependent on credit cards, out-of-control corporations, underwater mortgages and obscene wealth subsidized by the middle class is the American norm.

But they're lying, because they're both old enough to remember when the strongest American economy in history was based on thrift, regulation, and a unionized middle class.

Paul Krugman reminds us how recently we became a debt economy, and who is to blame.

For the more one looks into the origins of the current disaster, the clearer it becomes that the key wrong turn — the turn that made crisis inevitable — took place in the early 1980s, during the Reagan years.

Attacks on Reaganomics usually focus on rising inequality and fiscal irresponsibility. Indeed, Reagan ushered in an era in which a small minority grew vastly rich, while working families saw only meager gains. He also broke with longstanding rules of fiscal prudence.

SNIP

The increase in public debt was, however, dwarfed by the rise in private debt, made possible by financial deregulation. The change in America’s financial rules was Reagan’s biggest legacy. And it’s the gift that keeps on taking.

SNIP

Now, the proximate causes of today’s economic crisis lie in events that took place long after Reagan left office — in the global savings glut created by surpluses in China and elsewhere, and in the giant housing bubble that savings glut helped inflate.

But it was the explosion of debt over the previous quarter-century that made the U.S. economy so vulnerable. Overstretched borrowers were bound to start defaulting in large numbers once the housing bubble burst and unemployment began to rise.

These defaults in turn wreaked havoc with a financial system that — also mainly thanks to Reagan-era deregulation — took on too much risk with too little capital.

There’s plenty of blame to go around these days. But the prime villains behind the mess we’re in were Reagan and his circle of advisers — men who forgot the lessons of America’s last great financial crisis, and condemned the rest of us to repeat it.

Read the whole thing.

Better Late Than Never

Josh Marshall, Founder of the Talking Points Memo Empire, and one of the most eloquent progressive skeptics on impeachment, appears to finally be coming around.

Without going into all the specifics, I think we are now moving into a situation where the White House, on various fronts, is openly ignoring the constitution, acting as though not just the law but the constitution itself, which is the fundamental law from which all the statutes gain their force and legitimacy, doesn't apply to them.

If that is allowed to continue, the defiance will congeal into precedent. And the whole structure of our system of government will be permanently changed.

Whether because of prudence and pragmatism or mere intellectual inertia, I still have the same opinion on the big question: impeachment. But I think we're moving on to dangerous ground right now, more so than some of us realize. And I'm less sure now under these circumstances that operating by rules of 'normal politics' is justifiable or acquits us of our duty to our country.

I've been a loyal TPM fan since 2001, when it was a one-man, bare-bones blog, just a few months old. TPM Cafe, Election Central, Horse's Mouth, Muckraker, TPMTv and the staff that keep TPM at the top of the blogging game were not even gleams in Josh's eye.

Yeah, he's always been a little too fond of the DLC line than I liked, but I was thrilled by the reporter's sensibility he brought to his posts - a sensibility now grown into the major-story-breaking hard news of TPMMuckraker.

And for all his DLC apologia, liberals and progressives owe Josh Marshall a permanent debt of gratitude for putting a stop, virtually single-handedly, to The Usurper's 2005 attempt to destroy Social Security.

I thought Josh was wrong when he expressed doubts about the wisdom of impeaching Bush and Cheney, but I respected his logic.

I respect him even more for his ability to consider changing his mind based on new evidence and circumstances.

Nevertheless, I think he's missing one of the strongest arguments in favor of impeachment: Nixon.

Josh is 38, which means he was in kindergarten during Watergate. I was only in high school, but I remember the extreme shock felt by people of all political persuasions when the full extent of Nixon's crimes were laid bare.

I remember the heart-swelling pride in the strength of our political system when Congressional Republicans and Democrats banded together to expose those crimes and demand the president be held accountable.

I remember my father - a third-generation Republican - and my mother, a sixth-generation Democrat - both emphasizing to me that the true lesson of Watergate was that the U.S. Constitution was stronger than any politican, stronger than any president, stronger than any crime perpetrated against it.

And I remember how all that shock, all that pride, all that faith in the Constitution was swept away by Gerald Ford's pardon.

Nixon skated. The man shat on the Constitution, came within a whisker of establishing a police state that put the East German Stasi to shame, and he skated.

The precedent for The Usurper's treason was established.

Reagan and Bush I used it to escape punishment for Iran-Contra (Presidents are above the law.) And the republican freakazoids of the '90s turned it inside-out to impeach Clinton for telling a lie told by thousands of married people every single day (Impeachment isn't a serious Constitutional mechanism; it's a political tool.)

If Nixon had been impeached, or indicted and convicted for his crimes after his resignation, it would have been much harder for Reagan and Bush I to resist Congressional investigation through secrecy and perjury. It would have been much harder for '90s republicans to justify using the Constitutional majesty of impeachment for a fib about sex.

And it would have been damn-near impossible for George W. Bush and Richard Cheney to continue to trample the Constitution for more than five years after a pre-Nixon Congress would have kicked their asses into the dustbin of history.

If Congress doesn't impeach Bush and Cheney - or given the time constraints, indict and convict them after they leave office - it won't matter who's elected president in 2008. It won't matter if Democrats take the Senate and House with 80-percent majorities. It won't matter if the republican party is shut out of every national, state and local election for the next three generations.

If Bush and Cheney skate, an even more dangerous precedent than Nixon's will be set in stone:

The president is King; Congress is a debating club; the judiciary is a joke; the Constitution is as dead as Ozymandias, and The American Experiment is a historical fluke that failed.