News bits: Republican Party support of sleaze for power, etc.

Republican Party moral rot on display

We all remember the outrageous lies that Republican congressman-elect George Santos relied on to deceive New Jersey voters into voting him into congress. The NYT writes about GOP leadership complicity in making Santos’ lies a smashing success with no repercussions from the morally rotted, fascist Republican Party:

G.O.P. Leadership Remains Silent Over 

George Santos’s Falsehoods

The muted response from party leaders suggested that so far they were prepared to mete out little, if any, punishment to the congressman-elect

The muted response from party leaders suggested that so far they were prepared to mete out little, if any, punishment to an incoming lawmaker who, while deceiving voters, flipped an open seat formerly held by a Democrat and helped Republicans secure their razor-thin House majority.

House Republicans, led by Representative Kevin McCarthy of California, have consistently closed ranks around members of their party facing scrutiny for a litany of misdeeds, including candidates who rallied at the Capitol on Jan. 6 and sitting lawmakers who appeared at a white nationalist conference. In Mr. Santos’s case, they likely have even less political incentive to take action. .... If Republican leaders demanded Mr. Santos resign — and he did so — it would prompt a special election in a swing seat, a potential blow to Republicans’ already precarious majority.

Questions: Is it unreasonable to believe that the next term of the House will be illegitimate because of the profound mendacity that Republican politicians and the GOP routinely engage in and/or defend? Should criminality, lies and deceit be completely irrelevant to elections and power, which is how the Republican Party mostly treats them?

Supreme Court takes over immigration policy:

Democrats may benefit a little 

The Supreme Court has stepped in and taken power over immigration policy from the legislative and executive branches. The WaPo writes about the court imposing Title 42 border policy without congressional or presidential input:

Supreme Court leaves in place Title 42 border policy for now

The Trump-era policy allows quick expulsion of migrants from U.S. borders without the chance to seek asylum

The Supreme Court on Tuesday blocked the Biden administration’s plans to end a pandemic-era policy allowing the quick expulsion of migrants from U.S. borders without the opportunity to seek asylum, as officials warned of a crisis along the southern border.

A federal judge had ruled that the Trump-era policy, known as Title 42, should expire last week, but the court’s action extends a pause Chief Justice John G. Roberts Jr. imposed to give the high court more time to weigh the issue.

In Tuesday’s order, five conservative justices sided with Republican officials in 19 states, including Texas and Arizona, who sought to maintain Title 42, which has been used to expel migrants more than 2 million times since it was implemented in March 2020.

In effect, the Supreme Court’s action keeps the status quo in place by blocking the district judge’s order until the court can consider the dispute in late February. But the court said it will consider only whether the objecting states have the legal standing to intervene.

While the majority did not provide reasoning, which is common in emergency requests, dissenting Justice Neil M. Gorsuch said the order would “effectively require the federal government to continue enforcing the Title 42 orders indefinitely.”

This action is in accord with an argument that a few legal scholars are raising that the Christofascist Republican Supreme Court is draining power away from both the legislative branch and the executive branch. In essence, the court is making itself into a unitary power without oversight or accountability. 

In this situation, Republicans keeping Title 42 in place could temporarily help the Democrats in public opinion in view of how divisive immigration policy is. Democratic Party policy on immigration arguably is incoherent and in chaos. That makes immigration policy a powerful weapon for highly effective Republican demagoguery. It is an issue that drains a lot of political capital and power from Democrats. That is why when Democrats try to work immigration compromises with the GOP, the GOP keeps refusing. Dealing with immigration policy in good faith would take a major propaganda weapon away from the GOP. It cannot afford to lose that issue for its vast demagoguery machine.

The rule of law is mostly toothless and democracy 

is grave at risk because of it: An example

The Guardian writes:

Arizona judge declines to sanction Kari Lake 

for lawsuit challenging election

“There is no doubt that each side believes firmly in its position with great conviction,” he wrote. “The fact that Plaintiff failed to meet the burden of clear and convincing evidence required for each element of [Arizona statute] does not equate to a finding that her claims were, or were not, groundless and presented in bad faith.”

While he declined to order sanctions, Thompson did order Lake to pay Hobbs about $33,000 to cover some legal costs in the case. Maricopa county and Hobbs had requested about $695,000 in costs from her.

Lake, who lost the race by about 17,000 votes, was one of the most prominent spreaders of election misinformation in the 2022 campaign.

Once again, the issue of intent is front and center. Once again intent shields a miscreant. The issue of the near-impossibility of providing enough evidence to establish legal liability is crystal clear. The issue of non-provability of culpable intent constitutes what I believe is one of the greatest weaknesses in American democracy. Bad intent by elites, rich people and big corporations just cannot be proven in most contested situations. That is probably the case ~99.99% of the time, i.e., 9,999 times out of 10,000. All smart traitors and white collar criminals know this. They exploit it professionally and ruthlessly. 

The most important thing is to maintain

plausible deniability

In her lawsuit, Lake did not have evidence of any election or vote fraud. Literally no evidence. That is why the judge had to throw out her case challenging her 2022 election result. 

But, based on how this judge saw it, about the only thing that might (or might not) have led the judge to impose sanctions is if Lake admitted under oath that she knew she had no grounds for a lawsuit but filed one anyway. For a seasoned traitor like Lake, there is less than a snowball’s chance in hell of that happening. Fascist traitors like Lake know how to stay out of hot water with dumb judges who willingly go along with the American farce called the rule of law.

Shocking news: A Republican liar admits to lying, & some non-shocking news.

From the Incredible Things Files:

George Santos caves in to revelations of truth

The NYT writes:

Ending a weeklong silence, Representative-elect George Santos admitted on Monday to a sizable list of falsehoods about his professional background, educational history and property ownership. But he said he was determined to take the oath of office on Jan. 3 and join the House majority.

Mr. Santos, a New York Republican who was elected in November to represent parts of northern Long Island and northeast Queens, confirmed some of the key findings of a New York Times investigation into his background, but sought to minimize the misrepresentations.

“My sins here are embellishing my résumé,” Mr. Santos told The New York Post in one of several interviews he gave on Monday.

Mr. Santos admitted to lying about graduating from college and making misleading claims that he worked for Citigroup or Goldman Sachs. He once said he had a family-owned real estate portfolio of 13 properties; on Monday, he admitted he was not a landlord. 

Mr. Santos, the first openly gay Republican to win a House seat as a non-incumbent, also acknowledged owing thousands in unpaid rent and a yearslong marriage he had never disclosed. 

“I dated women in the past. I married a woman. It’s personal stuff,” he said to The Post, adding that he was “OK with my sexuality. People change.”  

Mr. Santos also firmly denied committing a crime anywhere in the world, even though The Times had uncovered Brazilian court records showing that Mr. Santos had been charged with fraud as a young man after he was caught writing checks with a stolen checkbook.

“I am not a criminal here — not here or in Brazil or any jurisdiction in the world,” he told The Post. “Absolutely not. That didn’t happen.”  

“I never claimed to be Jewish,” Mr. Santos told The Post. “I am Catholic. Because I learned my maternal family had a Jewish background I said I was ‘Jew-ish.’”

So, it is OK to take the oath of office because all that poor, persecuted Santos did was embellishing his résumé and just doing personal stuff. You know, personal stuff sort of like what Bill Clinton did while on office and got impeached for. And, he is Jew-ish, not Jewish.

For some context on the morality of what merely embellishing a résumé and other lies amount to:

The social incentives to deceit are at present very powerful; the controls often weak. Many individuals feel caught up in practices they cannot change. It would be wishful thinking, therefore, to expect individuals to bring about major changes in the collective practices of deceit by themselves. Public and private institutions, with their enormous power to affect personal choice, must help alter the existing pressures and incentives. ..... Trust and integrity are precious resources, easily squandered, hard to regain. They can thrive only on a foundation of respect for veracity.

For some context on how bad deceit by politicians can be:

“[Johnson repeatedly told the American people] ‘the first responsibility, the only real issue in this campaign, the only thing you ought to be concerned about at all, is: Who can best keep the peace?’ The stratagem succeeded; the election was won; the war escalated. .... President Johnson thus denied the electorate of any chance to give or refuse consent to the escalation of the war in Vietnam. Believing they had voted for the candidate of peace, American citizens were, within months, deeply embroiled in one of the cruelest wars in their history. Deception of this kind strikes at the very essence of democratic government.”

Q: Is it reasonable to argue that when a politician deceives people and they act, e.g., vote, on the basis of that deceit that the politician has taken away the power of people to make decisions on the basis of facts, truths and/or sound reasoning?

Jeez, that was a juicy one for sure.

Some welcome common sense about guns

A NYT opinion piece by San Jose, CA mayor Sam Licarrdo comments:

Recent mass shootings have spurred renewed calls from President Biden for a national assault weapons ban. Sensibly so. But for even the most ardent gun control advocates, it’s hard not to ask whether, in a nation with an estimated 400 million firearms, restrictions on new gun purchases accomplish too little without something more.

Amid the rising tide of firearms, reducing gun deaths and injuries requires new solutions. In San Jose, Calif., where I am mayor, we’ve embarked on two approaches untried in any other city or state: We’re imposing an annual fee on gun-owning residents and investing the revenues in violence prevention efforts. And on Jan. 1, the city will begin requiring gun owners to carry liability insurance to compensate victims harmed by the negligent or reckless use of a firearm.

In San Jose, the nation’s 10th-largest city, more than 200 people are killed or injured by gunfire every year. Not all of that harm results from the actions of criminals. Over a recent six-year period, 42 percent of San Jose’s gun deaths and injuries resulted from unintentional shootings or shootings whose circumstances were unknown, while suicide attempts accounted for another 15 percent. Suicide exacts an even more lethal toll nationally, accounting for 54 percent of gun fatalities. So much of that suffering is preventable.

Many studies have shown that the mere presence of a gun in a home makes a host of perilous circumstances much more lethal. A domestic violence victim faces five times the risk of being killed if the abuser has access to a gun, for example, and the odds of suicide in a home with access to a firearm are more than three times that in other homes.  

.... beginning next year, San Jose will require gun owners to pay an annual fee — the amount is still to be determined — which a nonprofit foundation will invest in evidence-based violence prevention programs directed at gun-owning families. This policy won’t magically halt mass shootings or suicides, but it will provide a better chance to get help to troubled adults and teenagers before they pick up their guns.  

Of course, in the realm of gun regulation, no good deed goes unlitigated. Three groups sued San Jose after the ordinance imposing the fee and insurance requirement passed. A Federal District Court declined their pleas for an injunction to stop the ordinance from taking effect, finding no unconstitutional burden on Second Amendment rights when “there are no means by which a San Jose gun owner may be deprived of his or her firearm.”

Finally, someone has caught on to the idea of making gun owners pay for at least some of the social and economic damage their guns inflict. This is decades overdue. But better late than never.

The scumbag and his tax cheating

A DC Report (left bias, high fact accuracy) by tax expert David Cay Johnston has checked out his tax returns:

Trump’s Brazen Tax Cheating Revealed

Trump Took Tax Losses He Knew Were Fraudulent

Donald Trump knowingly committed dozens of brazen tax frauds during the six years when he ran for office and was President, my analysis of the Congressional report on his tax returns and other documents shows. This explains why he fought all the way to the Supreme Court in a failed effort to keep his tax information secret.

One technique he used at least 26 times between 2015 and 2020 was as simple as it was flagrant. Trump filed sole proprietor reports, known as Schedule C, that showed huge business expenses despite having zero revenue. That created losses which Trump used to offset his income from work and investments, thus lowering his income taxes. Additional Schedule Cs had expenses exactly equal to revenues while only a few showed profits.

What Trump did again and again and again—taking expenses for businesses with no revenue—is so simple that jurors should have no trouble understanding the issues were Trump to be indicted by a federal or New York state grand jury.  

Trump knew this was unlawful because he lost two trials over his 1984 income taxes in which he did the exact same thing, a story I broke in June 2016. Both judges, in scathing opinions, ruled that Trump committed civil tax fraud.

That Trump persisted in using the same fraudulent technique in six years of recent tax returns is powerful evidence of mens rea or criminal intent. This device is not Trump’s most lucrative tax cheating technique, but it is the easiest for jurors to understand should Trump be indicted on tax charges.  

It may shock you to learn that there are legal ways to turn the burden of income taxes into a source of profit. Still, every sophisticated tax accountant and lawyer knows how business owners, especially real estate operators like Trump, can do this legally. As a leading Manhattan tax lawyer told me years ago: “If you’re big in real estate and pay any income tax, you should sue your tax lawyer for malpractice.”

Workers and pensioners are excluded from the rules that let rich business people and landlords convert the burden of income taxes into the joy of financial gains.

Is this a real possibility?

Nah, couldn’t be, could it?

Nah, not possible!

Regarding originalism and the Supreme Court

An example of originalism: Abortion

The New Yorker writes:

This was a year that was split into before and after—the dividing line being when the Supreme Court overruled Roe v. Wade. Following the shocking leak of the draft opinion in Dobbs v. Jackson Women’s Health Organization, on May 2nd, we fully entered the era of conservative dominance, with aggressive rulings on abortion, guns, and religion. Doubts about the Court’s legitimacy reached a fever pitch, and its unpopularity hit alarming lows. Soul-searching about the Court and the rule of law has rarely been as cynical or as fundamental. Law professors asked one another, “What do we say to students now?,” with many questioning the distinction between law and politics, or even the Court’s final authority to interpret the Constitution—which the Court first claimed for itself about two hundred years ago. 

The Justices appeared to understand that they are presiding over a historic decline in public trust, as several of them have made public remarks insisting on the importance of the Court’s retaining its legitimacy. “Everybody in this country is free to disagree with our decisions,” Justice Samuel Alito, who wrote the Dobbs majority opinion, said. But he warned that someone “crosses an important line when they say that the Court is acting in a way that is illegitimate.”  

When the Court returned for its new term in the fall, the Justices dove into another set of blockbuster cases, on affirmative action, voting rights, and religious liberty. But cracks have emerged in the commitment to originalism that conservatives wielded last term to tie the meaning of the Constitution to “history and traditions” from periods when women couldn’t vote and segregation was the law. Liberal Justices made us wonder whether we’re all supposed to be originalists now—or strategically pretend to be. Take, for example, this term’s debates about the meaning of the Fourteenth Amendment. In a case asking whether Alabama created enough majority-Black electoral districts to comply with the Voting Rights Act, and whether the use of race in districting violates the Fourteenth Amendment, Justice Ketanji Brown Jackson refused to cede originalism to conservatives, instead describing it as “our normal assessment of the Constitution.” 

Professing to have “drilled down” and looked at “the history and traditions of the Constitution, at what the Framers thought about,” Jackson, in one of her first hearings as a Justice, lectured counsel extensively on how the original meaning of equal protection was not race-neutral, since “the Framers themselves adopted the equal-protection clause . . . in a race-conscious way.” (Jackson explained that “the entire point of the amendment was to secure rights of the freed former slaves”—which is clearly correct but likely to be ignored by conservative originalists.)

Thought 1: Two thoughts come to mind here. One is that it feels like Sam Alito is making a direct threat against anyone who asserts that the court is acting in ways that are illegitimate. That is fascism, plain and simple. And for the record, the Supreme Court is acting in ways that are illegitimate. Come get me Sammy boy, you blowhard fascist! 

Thought 2: The other though is more serious, at least for now, i.e., until the hyper-radical Alito comes and hunts me down and starts blazing away with his AR-15. I think that Justice Brown Jackson and the Dems on the court make a deadly serious tactical and legal mistake by trying to fight for control of narratives about originalism, and how it applies to modern court cases. I’ve argued here multiple times that originalism is a modern day radical right mirage. There is no such thing as originalism. 

Why? Because until the ends of their lives, the people who drafted the Constitution and Bill of Rights were locked in bitter disputes about the nature and scope of government and how power was to be distributed. From what I have seen, credible scholars keep saying there can be no original intent because there was bitter, never-resolved fundamental disagreements. The core documents meant different things to different drafters and ratifiers. 

By conceding the existence of non-existent originalism, Brown Jackson and the Dems legitimize something that cannot rationally be legitimate. Originalism can be the means to overthrow democracy and kill government. That is what it was devised by radical right, government and civil liberties-hating legal scholars to do. Just look at the Dobbs decision that killed the federal right to an abortion. Most radical right commentators appear to hail Dobbs as a major victory for originalism, for example:

An Originalist Victory

The Supreme Court’s Dobbs ruling is a tremendous success for the constitutional theory around which conservatives rallied for nearly half a century.

Roe v. Wade and Planned Parenthood v. Casey are no more. Like Plessy v. Ferguson before them, Roe and Casey were constitutionally and morally indefensible from the day they were decided, yet they endured for generations, becoming the foundation of a mass political movement that did all it could to prevent their overruling.

Dobbs was built on a radical right judge-made “history and traditions” test. That test allowed radical right judges (mostly Alito) to cherry pick through history to arrive at the rationale they used to get rid of Roe and the federal abortion right. By arguing about originalism, the Dems play into the hands of the Christofascist judges. IMHO, that is a very big mistake.

A criticism of originalism and textualism

An NYT opinion piece opined in 2017:

Textualism says that when interpreting the Constitution, judges should confine themselves to the words of the Constitution. Originalism says that if the words are at all unclear, then judges need to consult historical sources to determine their meaning at the time of ratification, and the correct application of these words to new cases should clearly follow.

But Justice Scalia failed to realize that textualism is actually self-undermining. Nowhere does the Constitution explicitly state that textualism, no less originalism or any other method, is the correct theory of constitutional interpretation. Justice Scalia also failed to realize — or at least admit — that textualism and originalism rarely determine a unique outcome for constitutional questions.

The meanings of many words and phrases in the Constitution are not at all obvious. Examples include “right,” “unreasonable,” “probable cause,” “due process,” “excessive,” “cruel and unusual” and “equal protection.” Even if we could find clear definitions of these terms in a dictionary, current or historical, applying these definitions to cases that the founders did not anticipate only expands the range of ambiguity (and therefore interpretive possibilities).

The founders would no doubt sympathize. Because they used flexible, open-ended language like “cruel and unusual” without explaining exactly what they meant, it seems clear that they were deliberately inviting future generations to interpret and reinterpret these words — the very opposite of what textualists and originalists propose.

The founders were not dummies; they knew that society would evolve in unforeseeable ways — morally, socially, politically, technologically — and that this inexorable evolution might well bring about unforeseeable applications of the same words. For example, instead of using the imprecise phrase “cruel and unusual” to lock in any particular punishment (like the death penalty), it stands to reason that they meant it to lock out whatever punishments future generations deemed unconscionable. So true originalism — genuinely following the founders’ intent — requires us moderns to interpret constitutional language in light of our own, not their, moral and linguistic norms.

The ambiguity in the Constitution reflects the intent of the drafters to allow for moral, social, political and technological change to factor into how court cases. Nothing in the constitution says that constitutional interpretation requires originalism or textualism. 

An 2009 criticism of originalism

Law professor Mitchell Berman (U. Penn Law School) wrote this in a short criticism (the full 96 page review article is here):

Originalism is Bunk 

Contemporary originalists disagree about many things: which feature of the Constitution’s original character demands fidelity (framers’ intent, ratifiers’ understanding, or public meaning); why such fidelity is required; and whether this interpretive obligation binds judges alone or citizens, legislators, and executive officials too. But on one dimension of potential variability—the dimension of strength—originalists are mostly united: They believe that those who follow some aspect of a provision’s original character must give that original aspect priority over all other considerations (with a possible exception for continued adherence to non-originalist judicial precedents [note that deference to precedent has been blown to smithereens by the modern Christofascist Supreme Court]). That is, when the original meaning (or intent, etc.) is adequately discernible, the interpreter must follow it. This is the thesis that self-professed originalists maintain and that their critics (the non-originalists) deny.

Non-originalists have challenged this thesis on varied wholesale grounds, which include: that the target of the originalist search is undiscoverable or nonexistent [Germaine’s main argument]; that originalism is self-refuting because the framers intended that the Constitution not be interpreted in an originalist vein; and that originalism yields bad outcomes.

.... arguments are [in originalism’s defense] of two broad types—hard and soft. Originalism is “hard” when grounded on reasons that purport to render it (in some sense) inescapably true; it is “soft” when predicated on contingent and contestable weighings of its costs and benefits relative to other interpretive approaches. That is, hard arguments seek to show that originalism reflects some sort of conceptual truth or follows logically from premises the interlocutor already can be expected to accept; soft arguments aim to persuade others to revise their judgments of value or their empirical or predictive assessments. The most common hard arguments contend that originalism is entailed either by intentionalism or by binding constitutionalism. Soft arguments claim that originalist interpretation best serves diverse values like democracy and the rule of law. I seek to show that the hard arguments for originalism are false and that the soft arguments are implausible.

Q: Is it unreasonable to argue, and I do argue it, that originalism is just one of a number of smoke screens that brass knuckles capitalist Christofascist federal judges to impose their radical Republican Party dogmas on American society? 

News bits: Public access to federal court decisions, etc.

Federal courts oppose free public 

access to court documents 

Taxpayers pay to maintain court infrastructure and personnel. For years, defenders of the public interest have been trying to get easy free public access to federal court papers. For years, arrogant anti-public interest federal courts have fight hard against free public access. Court tactics now includes fabricating blatant lies about the burdens to provide public access. Techdirt writes:

Free PACER Would Pretty Much Be Free, Says CBO, 

Undercutting Federal Judiciary’s Ridiculous $2 Billion Estimate

For years, attempts have been made to make access to federal court records free. To date, not one of these efforts have been successful. The federal judiciary likes its antiquated cash cow, raking in PACER fees meant to improve and free up (as in “free”) document access and redistributing the profit amongst itself, (illegally) blowing the funds on big screen TVs and furniture for those working at or with access to federal courthouses.

While PACER limps on in its pre-Web 1.0 state, millions of Americans are either unable or unwilling to pay librarian rates for the (lol) reproduction of PDFs at the absurd rate of $0.10/page. This page fee applies to searches (whether or not they’re successful) and docket listings, the latter of which only displays pixels on a screen.

Lawsuits and legislation have, so far, failed to give Americans free access to documents they’ve already paid for once with their tax dollars. The federal judiciary has been the main roadblock to free access, claiming (without facts in evidence) that this paywall is a necessary evil — the only thing keeping the US judiciary system from being repo’ed by… well, that’s not entirely clear.

A bill that sailed through the House following this hilarious display of bad faith by the US court system quoted the Congressional Budget Office (CBO), which generated an estimate even lower than the $2 million/year originally stated by legislators.

On net, CBO estimates that enacting H.R 8235 would increase the deficit by $9 million over the 2021-2030 period.

A net loss of less than $1 million per year. So much for the billions claimed by the federal judiciary system.  

As Joe Patrice notes for his article on these findings for Above the Law, the system that’s supposed to serve the public always seems far more interested in serving itself. And if that means charging for things no one in the private sector charges for these days, so be it.

Hosting a document database in 2001 was a costly endeavor. Today, Google gives you that kind of storage for opening a Gmail account. The idea that it cost the court massive amounts of money to maintain PACER was either a lie or a symptom of the courts trying to keep an antiquated system afloat rather than transitioning to a modern approach. Or a bit of both. Or a bit of both and a vested interest in a slush fund.

Federal courts prefer to operate in as much secrecy as possible, "for obvious reasons." Secrecy includes the process used to make decisions in cases. The problem with the "obvious reasons" defense of opacity is that the courts have never stated what those reasons are. As discussed here before, people have been asking for transparency at least since the early 1970s. Courts just ignore it and stonewall. A reasonable interpretation is that the courts are too incompetent, biased and political for most federal judges' comfort. 

The health cost of being a Republican

The Atlantic writes:

How Many Republicans Died Because the GOP Turned Against Vaccines?

Party leaders are unquestionably complicit in the premature deaths of their own supporters.

You can find anti-vaxxers in every corner of the country. But by far the single group of adults most likely to be unvaccinated is Republicans: 37 percent of Republicans are still unvaccinated or only partially vaccinated, compared with 9 percent of Democrats.

.... [Researchers] chose to analyze data from Florida and Ohio from before and after vaccines were available. Looking at the period before the vaccine, researchers found a 1.6 percentage-point difference in excess death rate among Republicans and Democrats, with a higher rate among Republicans. But after vaccines became available, that gap widened dramatically to 10.4 percentage points, again with a higher Republican excess death rate. ....

What’s most concerning about all of this is that partisan disparities in death rates were also apparent before COVID. People living in Republican jurisdictions have been at a health disadvantage for more than 20 years. From 2001 to 2019, the death rate in Democratic counties decreased by 22 percent, according to a recent study; in Republican counties, it declined by only 11 percent. In the same time period, the political gap in death rates increased sixfold.

From the Well, duh! Files:

Wall Street is rigged for wealth to flow to the wealthy

Citing an analysis that PBS broadcast in 2013, Wall Street on Parade wrote: 

If you work for 50 years and receive the typical long-term return of 7 percent on your 401(k) plan and your fees are 2 percent, almost two-thirds of your account will go to Wall Street. This was the bombshell dropped by Frontline’s Martin Smith in this Tuesday evening’s PBS program, The Retirement Gamble.

This is not so much a gamble as a certainty: under a 2 percent 401(k) fee structure, almost two-thirds of your working life will go toward paying obscene compensation to Wall Street; a little over one-third will benefit your family – and that’s before paying taxes on withdrawals to Uncle Sam.

To put it another way – you work for Wall Street. You are their slave, their lackey and as long as their toadies dominate in Congress, nothing is going to change on the legislative front to stop the looting. 

In an update a few days ago, Wall Street on Parade wrote:

The Chairman of the Securities and Exchange Commission, Gary Gensler, announced in June that he was going to tackle the structure of the U.S. stock market – ostensibly to make it fairer to the little guy. His plans were released last Wednesday in a mountain of paper that even Wall Street veterans are having difficulty digesting. (See here, here, here, here, and here.)

While the overall thrust of the proposed changes appears to be to provide more transparency to order execution, the proposals fail to address key structural issues that have allowed the U.S. stock market to operate as an institutionalized wealth transfer system — moving vast sums of money from the pockets of average Americans to the richest one percent.

The New York Stock Exchange was at one time the most respected stock exchange in the world. It’s now become a pay-to-play venue for hedge funds, high frequency traders and Wall Street mega banks. In 2014 we found a Google cache of a promotional piece the NYSE had directed at high frequency traders. It boasts that it is offering a “fully managed co-location space next to NYSE Euronext’s US trading engines in the new state-of-the-art data center.” The NYSE says it is for “High frequency and proprietary trading firms, hedge funds and others who need high-speed market access for a competitive edge.”  

Lewis wrote for the paperback version of “Flash Boys,” released in 2015, Lewis puts a dollar figure on the cost to public pensions managed by just one money manager:

“In 2014, this giant money manager bought and sold roughly $80 billion in U.S. stocks. The teachers and firefighters and other middle-class investors whose pensions they managed were collectively paying a tax of roughly $240 million a year for the benefit of interacting with high-frequency traders in unfair markets.” 

Another area that seriously undermines the credibility of U.S. markets are the Dark Pools operated by the mega banks on Wall Street. The SEC is allowing the trading units of these banks – which have been charged with colluding on prices with each other in the past – to trade each other’s stocks in the dark as well as to make thousands of dark trades each week in the stock of their very own bank. (See our report: Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?)

One scam is to locate internet servers close to NYSE servers. Those servers get trade data and information from NYSE servers before other servers farther away can get the same information. That short time lag, about 0.2 second [1], is enough time to execute stock trades before the public can become aware of the same information and act on it. That information imbalance is the “competitive edge” that high frequency or high speed traders need to game the system. Elizabeth Warren criticized the practice like this: 

Traders have good days and bad days. Some days they make good trades and they make lots of money and some days they have bad trades and they lose a lot of money. But high frequency traders have only good days.

In its recent IPO filing, the high frequency trading firm, Virtu, reported that it had been trading for 1,238 days and it had made money on 1,237 of those days…The question is that high frequency trading firms aren’t making money by taking on risks. They’re making money by charging a very small fee to investors.

What do those investors pay a small fee for? Information that no one else has access to. That is why just about every day is a good day for people who can pay to play the high speed trading game. For context, what does a 0.2 second time advantage provide to the US economy? Does it create wealth, or does it merely transfer it from average people and groups to wealthy businesses and elite investors? 

These issues apparently are significantly bipartisan. Both neoliberal Democrats and brass knuckles capitalist Republicans have built and defended this system of large-scale theft from the public to a few elites and corporations. Both congress and Wall Street are corrupt pay-to-play institutions that usually work more for the wealthy than for the public interest.

Footnote: 

1. The Week elaborated on the co-location of NYSE servers with private interest servers:

Does co-location increase speed?

Yes. The physical proximity to the exchange server reduces the time from when a firm’s buy or sell order is entered and when it’s executed. “By co-locating,” says Adam Afshar of Hyde Park Global, a high-speed trading firm, “we are able to take 21 milliseconds off our trades. In the past, 21 milliseconds was a trivial matter. Now it’s a pivotal matter.” Several academic studies have found that shaving even one millisecond off every trade can be worth $100 million a year to a large, high-speed trading firm.

Looking ahead to 2023: Random thoughts

Looks to me like 2023 is gonna be similar to 2022, but just newer. 

Hm. Should I update my etiquette rules to keep up with the toxic times we live in? Over at r/scotus, the self-professed highest subreddit in the land (that's a joke, get it?), their rules for banning include a couple of excellent, well-articulated points. Here's a couple of 'em -- they're kind of fun:

Things that will get you banned 

On Politics

Political discussion isn't prohibited here. In fact, a lot of the discussion about the composition of the Supreme Court is going to be about the political process of selecting a justice.

Your favorite flavor of politics won't get you banned here. Racism, bigotry, totally bad-faithed whataboutisms, being wildly off-topic, etc. will get you banned though. We have people from across the political spectrum writing screeds here and in modmail about how they're oppressed with some frequency. But for whatever reason, people with a conservative bend in particular, like to show up here from other parts of reddit, deliberately say horrendous shit to get banned, then go back to wherever they came from to tell their friends they're victims of the worst kinds of oppression. Y'all can build identities about being victims and the mods, at a very basic level, do not care—complaining in modmail isn't worth your time.

COVID-19

Coming in here from your favorite nonewnormal alternative sub or Facebook group and shouting that vaccines are the work of Bill Gates and George Soros to make you sterile will get you banned. Complaining or asking why you were banned in modmail won't help you get unbanned.

Racism

I kind of can't believe I have to write this, but racism isn't acceptable. Trying to dress it up in polite language doesn't make it "civil discussion" just because you didn't drop the N word explicitly in your comment.  

This is not a space to be aggressively wrong on the Internet

We try and be pretty generous with this because a lot of people here are skimming and want to contribute and sometimes miss stuff. In fact, there are plenty of threads where someone gets called out for not knowing something and they go "oh, yeah, I guess that changes things." That kind of interaction is great because it demonstrates people are learning from each other.

There are users that get super entrenched though in an objectively wrong position. Or start talking about how they wish things operated as if that were actually how things operate currently. If you're not explaining yourself or you're not receptive to correction you're not the contributing content we want to propagate here and we'll just cut you loose.

• BUT I'M A LAWYER!

Having a license to practice law is not a license to be a jackass. Other users look to the attorneys that post here with greater weight than the average user. Trying to confuse them about the state of play or telling outright falsehoods isn't acceptable.

Thankfully it's kind of rare to ban an attorney that's way out of bounds but it does happen. And the mods don't care about your license to practice. It's not a get out of jail free card in this sub.

Dang, it sounds like some lawyer wrote those rules. I like the one about the jackass. Think I'll change my rule from asshole to jackass -- it feels more polite and sophisticated. And the one about conservatives getting themselves banned for being jackasses and then complaining of horrible oppression and persecution back at the raunch they hang out at is stellar. It gets a two MAGA, i.e., MAGA!! MAGA!!, huzzah! And, what the heck is a nonewnormal alternative sub (subreddit)?

Here's another great post on the rules a r/scotus, the highest subreddit in the land. This one is about the leaked Supreme Court decision in the Dobbs decision that got rid of a woman's right to get an abortion:

Do not witch hunt SCOTUS clerks.

The leak is exciting and you're more than welcome to talk about it and the motives that the leaker may have had.

You're not welcome to single out, without any evidence whatsoever, random SCOTUS clerks by name because you saw it on some halfwit's Twitter and now your Inspector Reddit senses are tingling.

That's as stupid as it is unacceptable. Don't do it. You will get banned.

That is all.

Well, those are words of wisdom for sure. Henceforth, I'll keep them in mind.

 

Other thoughts? 

Politics as usual. Kari Lake, the crackpot, stolen election jackass in Arizona got her stolen election case tossed out of court. A local news outlet KTAR writes:

Superior Court Judge Peter Thompson concluded that there was no clear or convincing evidence of the widespread misconduct that Lake had alleged.

“The court pointed out that even the plaintiff’s witnesses and experts all testified they had no information or personal knowledge of any misconduct by Maricopa County or any state election official,” KTAR News analyst Barry Markson said.

Despite that Lake is going to appeal. She commented: “We proved without a shadow of a doubt that there was malicious intent that caused disruption so great it changed the results of the election.”

Sigh. Looks like 2023 is going to be a lot like 2022 for stolen election crackpots. They are not going away.

From the What, already?? Files

Speaking of the Supreme Court, Vox barfed up these unsettling thoughts:

Sotomayor and Kagan need to think about retiring

The US Senate is a fundamentally broken institution. Democratic judges need to account for that in their retirement decisions.

We have now lived with the consequences of Ruth Bader Ginsburg’s late-life arrogance for more than two years. 

When she died in the final months of the Trump presidency, Ginsburg told her granddaughters her last desire: “My most fervent wish is that I will not be replaced until a new president is installed.” It amounted to nothing. Ruth Bader Ginsburg’s seat on the Supreme Court, a seat that until recently belonged to the greatest women’s rights lawyer in American history, is now held by her ideological opposite.

Now, eight years later, the question arises: Should Justices Sonia Sotomayor and Elena Kagan, 68 and 62, respectively, do what Ginsburg would not?

Both justices are much younger than Ginsburg was in 2014. There are no reports that either is in ill health (although Sotomayor has diabetes, she’s managed that condition nearly her entire life). Realistically, both justices could probably look forward to a decade or more of judicial service if they desire it. But even a mighty Supreme Court justice cannot overcome the merciless math facing Democrats in a malapportioned Senate that effectively gives extra representation to Republicans in small states.

Barring extraordinary events, Democrats will control the White House and the Senate for the next two years. They are unlikely to control it for longer than that. The 2024 Senate map is so brutal for Democrats that they would likely need to win a landslide in the national popular vote just to break even. Unless they stanch the damage then, some forecasts suggest that Democrats won’t have a realistic shot at a Senate majority until 2030 or 2032. And even those forecasts may be too optimistic for Democrats.

Methinks that Vox raises a darn good point. Thinks do look sort of bad for team reality-democracy. Team mendacity-fascism are salivating at their future prospects.

So, how do you like my revised asshole → jackass etiquette first rule?

Christmas cheer 'n stuff 'n whatnot

Merry Christmas to all!!

From Those Whacky Physicists 

Are At It Again Files

A website, maybe called Science Daily 24x7, posted a breakthrough in control of itty bitty, very tiny, little things. For example, like a single molecule. Unknown website writes:

Scientists turn single molecule clockwise

or counterclockwise on demand

Controlling the rotation of this molecule could lead to new technologies for microelectronics, quantum computing and more.

Scientists at the U.S. Department of Energy's (DOE) Argonne National Laboratory report they can precisely rotate a single molecule that small on demand. The key ingredient is a single atom of europium, a rare earth element. It rests at the center of a complex of different atoms and gives the molecule many potential applications.

"We are able to rotate this europium complex by 60 or 120 degrees to the right or left," said Saw Wai Hla, physicist at the Center for Nanoscale Materials (CNM), a DOE Office of Science user facility at Argonne, and a physics professor at Ohio University. "The ability to control the motion of a rare earth complex such as this could impact a wide spectrum of technologies." That includes next generation microelectronics, quantum technologies, catalysis to speed up reactions, conversion of light into electricity and more.

The term "rare earth" is deceptive. The rare earth elements are not exactly rare but are critical materials used in many electronic devices, such as cellular phones, computer hard drives, solar panels and flat screen monitors. 

Scanning tunneling microscopy image of a 

rotating europium (Eu) complex on a gold sheet 

The dark spot in disc indicates the single Eu atom

From The Endless Abortion Wars Files:

Plan B: Is it an abortion or something else?

This one is pretty interesting. It points to the sometimes life and death importance of getting facts straight. The NYT writes:

The Food and Drug Administration on Friday significantly changed the information that will be in every box of the most widely used emergency contraceptive pills to make clear that they do not prevent a fertilized egg from implanting in the womb. The agency explained in an accompanying document that the products cannot be described as abortion pills.

Up to now, packages of the brand-name pill, Plan B One-Step, as well as generic versions of it have said that the pill might work by preventing a fertilized egg from implanting in the womb — language that scientific evidence did not support. That wording led some abortion opponents and politicians who equate a fertilized egg with a person to say that taking the morning-after pill could be the equivalent of having an abortion or even committing murder.

The F.D.A. revised the leaflets inserted in packages of pills to say that the medication “works before release of an egg from the ovary,” meaning that it acts before fertilization, not after. The package insert also says the pill “will not work if you’re already pregnant, and will not affect an existing pregnancy.” 

In a question-and-answer document posted on the F.D.A.’s website, the agency explicitly addressed the abortion issue. In answer to the question, “Is Plan B One-Step able to cause an abortion?” the agency writes: “No.” It added: “Plan B One-Step prevents pregnancy by acting on ovulation, which occurs well before implantation. Evidence does not support that the drug affects implantation or maintenance of pregnancy after implantation, therefore, it does not terminate a pregnancy.”  

Students for Life of America, which earlier this year posted an Instagram video with a caption saying “Plan B can cause an abortion. It’s right there on the box,” said in an email on Friday that it rejected the F.D.A.’s new language on the science of the pills.

“For years we’ve been saying that the packaging indicated abortions could take place,” the organization said. “Their answer is to just change the box.”  

By 2007, evidence was accumulating that morning-after pills did not block implantation. In 2009 to 2010, during discussions about making Plan B available over the counter for all ages, Teva also asked that implantation be deleted from the label.

Although blind anti-abortion zealots will not accept the fact that Plan B does not cause an abortion, that fact is too inconvenient to be accepted. Plan B is in fact a contraceptive, not an abortion-inducing medication. Why it took the FDA this long to get its facts straight points to either inexcusable incompetence and/or intentional sabotage by anti-abortion zealots in the agency as the most likely culprits. The FDA claims some baloney excuse about COVID. The real reason(s) is something we will probably never know for sure. After all, we're just mushrooms. 

Are mushrooms a vegetable?

Gotta get the minions on this one right away

From the 1/6 Committee Files:

Oh Goody! Republican sleaze is 

oozing out into public view!

The AP writes about those fake electors that Republican fascist elites tried to pass off as real electors to help subvert the 2020 presidential election:

New transcripts of closed-door testimony to the Jan. 6 House committee show Donald Trump and his allies had a direct hand in the Nevada Republican Party’s scheme to send a phony electoral certificate to Congress in 2020 in a last-ditch attempt to keep the former president in power.

The documents made public Wednesday evening included interviews with state party leader Michael McDonald and Republican National Committeeman Jim DeGraffenreid in February. Both men served as fake electors in Carson City on Dec. 14, 2020.

McDonald and DeGraffenreid invoked Fifth Amendment protection hundreds of times in their separate interviews with the Jan. 6 committee, refusing to answer questions about their involvement and the extent to which Trump’s top allies had helped in orchestrating the plot.

On Nov. 4, 2020, for example, the day after the election, McDonald had a conference call with Trump, his then-chief of staff Mark Meadows, attorney Rudy Giuliani and son Eric Trump.

“They want full attack mode,” McDonald later wrote in a text message describing that call. “We’re gonna have a war room meeting in about an hour.”

Those documents, detailed at length in the transcripts, included text messages, emails and internal memorandums distributed by the national GOP arm; handwritten charts, templates for press releases and the phony certificate itself; and talking points “explaining the rationale for the electors.”

Valiant patriots is not what comes to mind here. Crooks, liars, traitors, bums, hypocrites, thugs and fascist tyrants are feelings that float gently to mind in this season of joy and . . . . . forgiveness? Nah, not forgiveness.

Republican fascist tyrant 

Michael McDonald

The GOP tried its best to shield him from

the light of public scrutiny 

Republican fascist tyrant 

Jim DeGraffenreid

The GOP tried its best to shield him from

the light of public scrutiny 

More from the 1/6 Committee Files:

Oh Goody! More Republican sleaze is 

oozing out into public view!

A WaPo opinion piece writes about the glue that holds Trumplandians together. It is not a nice glue at all. It is a nasty glue. The WaPo writes:

Cassidy Hutchinson knew better than to put herself in debt to what she called “Trump world.” As she would later testify, “Once you are looped in, especially financially with them, there is no turning back.”

The deadline for turning over documents was looming, and Hutchinson was, she said, “starting to freak out.” One lawyer she consulted said he could assist — then demanded a $150,000 retainer.

So, the young aide, out of work since Trump had left office a full year earlier, initially decided to turn to Trump world for help. Which is how she came to receive a phone call from Stefan Passantino, previously a lawyer in the Trump White House counsel’s office.

“We have you taken care of,” he told Hutchinson. When she asked who would be paying the bills, Passantino demurred — this despite legal ethics rules that let attorneys accept payment from third parties but only with the “informed consent” of their client.

“If you want to know at the end, we’ll let you know, but we’re not telling people where funding is coming from right now,” Hutchinson, in her deposition, recalled him saying. “Like, you’re never going to get a bill for this, so if that’s what you’re worried about.”

If Hutchinson’s live testimony before the select committee was riveting, her deposition testimony, taken several months later and released Thursday, is a page-turner: The Godfather meets John Grisham meets "All the President’s Men." Before, we could only imagine how frightening the situation must have been for the 20-something Trump staffer. Now, we can read of her frantic search for help, and her terror as she contemplated telling the truth.

One thing that bears mention here is how Trumplandia can trap people and subvert or corrupt them. Trumplanders try to get a person to cross a line, usually by breaking a law, incurring serious financial debt or by bribery. Taking a bribe is usually illegal. Once the line is crossed, Trumpland elites can then blackmail the person who crossed the line. 

IMO, that is what Passantino's offer of free legal help to Hutchinson amounted to. Once she took the offer, her attorney would advise her to lie to the 1/6 Committee, for example, using the always popular "I don't recall" lie or the "5th" (5th Amendment) shield against self-incrimination. Hutchinson understood the danger and refused temptation to fall into the clutches of fascist Trumplanders. That left her free to be honest in her testimony to the 1/6 Committee.

So when any Republican now attacks Hutchinson as a liar or a self-serving traitor, it is defensible to reject the attack as a fascist Republican lie unless there is ample evidence to support it. From what I can tell, there will never be ample evidence to undermine Hutchinson. Trumpland fascists will have to either fabricate evidence or just fall back on the KYMS propaganda tactic.

KYMS = keep your mouth shut

Cassidy Hutchinson - an actual Republican patriot 

and a woman with real guts and real moral values

Stefan Passantino - another Republican fascist 

and a thoroughly morally rotted man

Trump Lawyer Suing Over Georgia Votes 

Is Tied To Extremists & Controversies