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Newsweek’s Daniel Gross explains the Consumer Price Index (here’s the official BLS site) in a very simple video. I could do without the goofy sound effects, but it’s a good, 2 minute explanation of how the government tracks inflation.

Per David Simon’s Berkeley talk, though, the video doesn’t go into why this matters. Perhaps they’ll cover that in the next installment of the Economics 101 series.

(via @newsweek, Newsweek’s Twitter feed)

2:42 pm | leave a comment
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What’s odd about all of this is that I actually like this pick, and I feel like most of the smart folks I read aren’t necessarily informing my opinion (many are lukewarm to this pick at best).

Part of me thinks that people expected Obama to be some wide-eyed lefty or something. His policies from the beginning have been pretty centrist. His health care plan was eyed as not being ambitious enough, especially put up against Edwards and Clinton, his position on taxes is a smart compromise, and his view of the world and the use of military power is reasonably centrist (e.g. views on using force to capture Bin Laden).

This guy (Obama) is a problem solver by nature with good political instincts. I don’t expect him to appoint idealists or ideologues, but unique thinkers. By all accounts, Rahm Emanuel is also a problem solver with decent instincts. This pick fits.

1:26 pm | leave a comment

This is a post almost entirely cribbed from Atrios, including the title. We need more Democrats like Rep. Rahm Emanuel to stand up and start holding the administration accountable. Since Congress can only ultimately control the money, that seems to be where they should focus their efforts. Via Atrios, we have this from an email sent out today:

House Democratic Caucus Chairman Rahm Emanuel issued the following statement regarding his amendment to cut funding for the Office of the Vice President from the bill that funds the executive branch. The legislation — the Financial Services and General Government Appropriations bill — will be considered on the floor of the House of Representatives next week.

“The Vice President has a choice to make. If he believes his legal case, his office has no business being funded as part of the executive branch. However, if he demands executive branch funding he cannot ignore executive branch rules. At the very least, the Vice President should be consistent. This amendment will ensure that the Vice President’s funding is consistent with his legal arguments. I have worked closely with my colleagues on this amendment and will continue to pursue this measure in the coming days.”

This amendment should pass unless the Vice President agrees to follow the executive orders and laws of this country. I posted about the underlying issue in a quick link post so if you missed it, please read.

These people have operated as if they’re above the law for too long. It’s time they were reminded of what their obligations are as government officials in our great country.

11:07 pm | leave a comment

We need more Democrats to make this point, to stay on this message, and to then live up to its ideals:

Not since the days of Watergate, when our judicial system and intelligence community were deployed by the White House in the service of partisan politics, have we seen such abuses. And in many ways, what we have seen from this administration is far more extensive than that scandal.

Partisan politics has infiltrated every level of our federal government – from scientific reports on global warming to emergency management services to the prosecutorial power of the federal government itself. Even the Iraq War – from our entry to the reconstruction – has been thoroughly politicized and manipulated.

During the 2000 presidential campaign, Karl Rove, George W. Bush’s political architect, often drew an analogy between that election and the election of 1896, in which adviser Mark Hanna joined forces with many of the plutocrats of that Gilded Age and ushered in a 35-year era of Republican dominance – dominance that didn’t end until the election of Franklin D. Roosevelt.

Without a trace of reserve, George Bush and Karl Rove set out to recreate that earlier era of one-party rule. And they pursued their goal by inverting the very purpose of government.

Principals and supporters of the Bush Administration have taken to attributing its myriad failures to mere incompetence. This is an ironic defense for an Administration that once touted President Bush as the first MBA President and boasted about a cabinet filled with CEOs.

Once the Iraq War was launched, we all knew how important the reconstruction would be to securing the peace. But politics extended to that country’s reconstruction and the examples are truly shocking:

The person chosen to oversee Iraq’s health care system was the community health director for the former Republican governor of Michigan. The man he replaced was a physician with a master’s degree in public health and post-graduate degrees from Harvard, Yale, Dartmouth and UC-Berkeley and taught at Johns Hopkins School of Public Health where he specialized in disaster response.

A 24 year-old with a background in commercial real estate was hired by the Authority to reopen and manage the Iraqi stock exchange.

The daughter of a prominent neoconservative was tapped to manage Iraq’s $13 billion annual budget.

The Administration would like the press and public to believe all of this corruption and cronyism consists of isolated instances and one-offs. But I ask you:

Michael Brown. Scooter Libby. Bernard Kerik. Halliburton. Philip Cooney. David Safavian. Lurita Doan. Matteo Fontana. Sue Ellen Wooldridge. Steven Griles. Alberto Gonzales. FEMA. Iraq intelligence. Iraq reconstruction.

This Hall of Shame is no accident and these are not isolated incidences. It’s a pattern of political appointees who put partisan interests ahead of country – and were told to do so.

The saddest legacy of the Bush Administration’s six-year trail of cronyism and corruption is that it contributes to the public’s already cynical view of government. This makes it even more difficult for those of us who believe that the purpose of government is to secure a better future for our country and all of its people. Repairing this sorry legacy is the first challenge our next President will face.

It is the saddest legacy, and we’ve even seen it on FatMixx. “It’s politics” is the lazy way out, and it’s the easy way out. It’s not “politics.” As Rep. Emanuel says in his speech, political appointees aren’t inherently corrupt. There isn’t a requirement that they put party over country. The requirement is actually quite the opposite.

Read the rest of the speech. It is the right point to make to the American people and to the world. We must reclaim our dignity as a country and show that we can rise above partisanship when it comes to the key issues of the day.

12:26 pm | leave a comment