Hard economic truth for $2000, Alex

If only that were the figure—the real issue on deck in Washington, D.C., the issue that drove last week’s election results, is economic recovery: when will the economy get stronger, when will job growth get stronger.  It’s the issue that all of most of the nation’s journalists largely ignored, except for predictable emotional pitches.  Alan Mutter recently pointed out the reasons why: the economy is a hard story to tell, and it has nothing to do with easy stories like who is the new president and what will he do, and why do we think he’ll do it, and what do the polls say about what the people think about what he’ll do.

…the myopic press stuck to covering the inside-the-Beltway story of the day – health care, Afghanistan, Supreme Court picks – instead of zeroing in on the things that really mattered to all but the very wealthiest Americans.  Things like: Will I keep my job? What will I do if I get fired? Can I keep my house? Will I be able to send my kids to college? How can I afford to retire?

It’s anybody’s guess if the myopia will be cured soon; the prognosis is not encouraging, but there’s always hope.  There are some trying to sound the alarm: Mutter points out Paul Krugman at the New York Times as one good example (and notes that the good professor is, in fact, not a journalist in the usual sense of the word, but an economist).  I’ll give kudos to Loren Steffy, the very good and very readable business columnist at Houston’s Leading Information Source.  He’s written an excellent summary of where we stand, and it’s not pretty.  Quoting the Congressional Budget Office,

“Unless policymakers restrain the growth of spending substantially, raise revenues significantly above their average percentage of (gross domestic product) of the past 40 years, or adopt some combination of those two approaches, persistent budget deficits will cause federal debt to rise to unsupportable levels.”

Some of the people crying about the national debt these days come off as wacky, but there is a scary kernel of truth in that cry and our government is going to have to address the problem—and blindly rubberstamping an extension of tax cuts followed by another round of collecting campaign donations from lobbyists is not the answer.

The national economy, at its core, is subject to the same rules as your household economy and mine.  If you spend more than you take in, you go into debt; reducing your income doesn’t magically translate into higher revenues; you pile up enough debt and most of your payments are going to the interest and very little to principal, and you never get out of debt.

I’m not saying you and I, or the government, should never borrow money, although it would be sweet not to have to.  But you borrow money to buy a house or a car; sometimes you have to charge to your credit card, like when the extra thousands it takes to buy a replacement air conditioner are not just sitting there in your savings.  But you can never borrow enough to repay all of the principal—ask Bernie Madoff.  At some point you have to bite the bullet and make unpopular choices.

Texas Monthly’s Paul Burka writes today about how the economic rescue plan known as TARP catches flak as an example of big government run amok, despite (a) the fact that it was dreamed up and implemented during the Bush Administration, allegedly a conservative regime that believed in small government, and (b) is costing less than one-tenth of the advertised $700 billion.  TARP was the best thing the administration could come up with to save the whole economy, and if some of the bad guys who caused the collapse got caught up in the rescue then we’re going to have to learn to live with that.

What will Congress and the president do to get this country’s economy headed in the right direction?  I hope more news agencies commit the resources to dig into the question and produce some journalism that will help the economic illiterati like me understand what’s going on.

For that to happen we need more of them to adopt the idea Jack Shafer discusses today in Slate: we don’t need journalists to be unbiased in the sense of not having an opinion on issues, we need more who are honest and curious and hard-working and are committed to using an objective process to reach some verifiable conclusions.

As Bill Kovach and Tom Rosenstiel write in their 2001 book, The Elements of Journalism, traditionally, it was the journalistic method that was supposed to be objective, not the journalist. As long as the partisan journalist comes to verifiable conclusions, we shouldn’t worry too much about the direction from which he came.

This will require an agreement that there are—as a…well, as a matter of fact—certain verifiable truths, and abandoning the current craze of dismissing as biased any “facts” that don’t conform to one’s current opinions.  How about we start with a little optimism about each other on that score.

Daily digest 1

Some news of the day, in easy to swallow bites

A Supreme take on tolerance

One cool thing about retired justices of the Supreme Court is they tell us what they really think about things, like John Paul Stevens dropping his impartiality to talk about the community-center-with-a-mosque-near-ground-zero affair that we discussed back in August.

He said that a nation built by people who fled religious persecution “should understand why American Muslims should enjoy the freedom to build their places of worship wherever permitted by local zoning laws.”

(snip)

He called the [National Japanese American Memorial] “a powerful reminder of the fact that ignorance — that is to say, fear of the unknown — is the source of most invidious prejudice.”

Princess Leia inspires boy—to build hologram

Another cool thing—real holograms!

Worst thing about being president was name-calling?

Former President George W. Bush says the lowest point of his presidency was when Kanye West called him a racist over the government’s response to Hurricane Katrina.  Really?  It wasn’t September 11, or not catching bin Laden, or the economic crash with the bankruptcies, foreclosures, debt, and job losses?  It wasn’t lying to start a war that’s cost thousands of American lives and tens of thousands of Iraqi lives, or Abu Ghraib?  Not even the fact you couldn’t help ease the very real suffering of those victims of Katrina?  (And why do you care what Kanye West thinks?  Are you really so self-absorbed that you think that’s the worst thing that happened during those eight years?  Really?)

A lot of that daily 200 mil is for Michelle’s hairdressers

You can say almost anything and be believed, if you’re careful who you speak to.  Citing only a report in one Indian newspaper, which cites only one unnamed source, the geniuses of the political right have been trumpeting their disgust about the “fact” that our government is going to spend $200 million a day on President Obama’s diplomatic trip to India, including sending 34 warships to sit security off the coast of Mumbai.  Yeah, more than the daily cost of the war in Afghanistan, or the full purchase price of the New Jersey Nets.  Talk about your willing suspension of disbelief…

We’ve also just learned that water is wet

No, really: they sequenced Ozzy Osbourne’s DNA and confirmed what had long been suspected: he’s a mutant.

Things you do when your team has a bye week

First thing this morning I’m heartened to see the Leonard Pitts Jr. column from yesterday’s Miami Herald, and so what if he’s piling on Christine O’Donnell for not understanding the Constitution—the point can’t be made too often that our country is in trouble if we voters don’t really think about what we’re doing when we get to the voting booth.

That this woman is a major party candidate for national office, that she is among the brightest stars of a constellation of like-minded cranks — some of them already in office — tells you all you need to know about this moment in our political life…Somehow we have forgotten the lesson we spent most of the last decade learning at ruinous cost, that faith-based governance, foreign policy by gut instinct, choosing leaders on the basis of which one we’d most like to watch television with, simply does not work.

It’s not  a question of conservative versus liberal:

…this is no conservatism Ronald Reagan or Barry Goldwater would have recognized. At least their ideology adhered to an interior logic. This ideology adheres to a perverse illogic which posits that the less you know, the more authentic you are. So what triumphs here is not conservatism but rather, mediocrity. The Know Nothings and Flat Earthers are ascendant.

And then while I was looking for a cartoon I saw to fill out this post, I ran into something even better—humor at the expense of our leader, in the form of a show tune!

Enjoy the lazy Sunday…the World Series, Halloween, and STS-133 are coming up the rear view mirror.

Reality check, comedy break

Just two quick notes on what Tunku Varadarajan cleverly calls the “belligerent unenlightenment” of a portion of the American population:

First, the former assistant manager editor at The Wall Street Journal points out that it could be worse:

I am less worried by the fact that a fifth of the inhabitants of this great country believe that Obama is Muslim than by the fact that 60 percent of them are unwilling, or unable, to accept the scientific basis of evolution….Political bias can be a fleeting sickness; profound ignorance, on the other hand, can be incurable.

And second, because it’s just too damn funny not to share, a peek at what one columnist in Great Britain (a friend from an earlier post on a different subject) has to say on the topics of 5600 foot tall mosques, spatial relationships, and trespassing at Buckingham Palace.

According to a recent poll, one in five Americans believes Barack Obama is a Muslim, even though he isn’t.  A quarter of those who believe he’s a Muslim also claimed he talks about his faith too much.  Americans aren’t dumb.  Clearly these particular Americans have either gone insane or been seriously misled.  Where are they getting their information?

Where indeed?

Just the facts, ma’am

Wishing a thing to be true doesn’t make it true.  Despite what you hear about the president’s birthplace and religion.

We’ve talked about this before (here and here) but we need to keep pointing it out because it won’t go away all by itself: too many people today are willfully ignorant of verifiable truths that conflict with what they wish to be true (but isn’t).  I came across a wonderful column by Timothy Egan on this last week, important less for blaming perpetrators than for identifying why this hurts us:

It would be nice to dismiss the stupid things that Americans believe as harmless, the price of having such a large, messy democracy.

(snip)

But false belief in weapons of mass-destruction led the United States to a trillion-dollar war.  And trust in rising home value as a truism as reliable as a sunrise was a major contributor to the catastrophic collapse of the economy.  At its worst extreme, a culture of misinformation can produce something like Iran, which is run by a Holocaust denier.

It’s one thing to forget the past, with predictable consequences, as the favorite aphorism goes.  But what about those who refuse to comprehend the present?

They waste a lot of time and karmic energy, for starters.

Last week I received a chain e-mail in which the original author complains that Christians and Jews are discriminated against in the new health care insurance law, which itself marks the establishment of a system, called dhimmitude, by which the Muslims who have conquered this country through jihad will collect a tax from non-Muslims and permit us to continue to live here.

Seriously.  That’s what it says.

The writer (not the forwarder) laments that he, a Christian, will face “crippling IRS liens” on his assets and jail time when—not if—he refuses to buy health insurance or pay the penalty for not buying it, while Louis Farrakhan (a random example, surely) not only won’t face penalties, he’ll have “100% of his health needs paid for” by government insurance.  And to prove it all, he directs you to page 107 of the new health care insurance law where the word “dhimmitude” appears.

Except that it doesn’t, of course; it doesn’t appear in any of the pages of the new health care insurance law.  Nor does any jail time penalty for violators of the law.  Because this chain e-mail is a product of the south end of a northbound bull.

I checked what Snopes.com had to say and found that religious groups with an IRS exemption from paying Social Security and Medicare taxes on First Amendment grounds (and which, as a result, don’t receive benefits from either of those programs) could be exempt from the requirements of the new health care insurance law.  The entry at FactCheck.org agrees, and provides the link to the government data which makes clear that no Muslims are among the groups now exempt from Social Security and Medicare, and thus would not be exempt from the new health care insurance law.

So, in four minutes I learned that (1) Muslims are not exempt from the requirement to buy health insurance, but Amish and Mennonites and others could be (I did not know that), and (2) dhimmitude isn’t really a tenet of Islam, but an “academic concept” proposed by a writer with anti-Islam ties (fourth paragraph under Full Answer).  What I couldn’t find an answer to is, did anyone really believe that the word “dhimmitude” was right there on page 107 of the new health care insurance law, so anyone who read it would know what the conquering jihadists were doing?

Almost nothing in the chain e-mail was accurate, yet thousands of people are all worked up.  Over nothing.  At least, nothing factual from the chain e-mail, except perhaps that the Amish can opt out of Social Security.  Dang ol’ Amish get all the breaks.