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Vitter: ‘I Do Not Think The Science Clearly Supports Global Warming Theory’

In their final debate on Thursday night, Sen. David Vitter (R-LA) and his challenger Rep. Charlie Melancon (D-LA) grappled with global warming, which threatens Louisiana with destruction through sea level rise, strengthened storms, heat waves, and drought. “It is not a healthy world,” Melancon said, “and we need to look towards trying to fix this problem.” He concluded, “[a]t the rate we’re going and what we’re doing to it, I am fearful that we won’t leave much of a legacy for our children and grandchildren.” Vitter, by contrast, has long questioned the science in his fealty to Louisiana’s oil industry. “I do not think the science clearly supports global warming theory,” he said:

MELANCON: I believe that after going to Antarctica and seeing the science that is being conducted, and not totally understanding all of it because it’s quite complex, but we have a problem with this world that we live in. It is not a healthy world, and we need to look towards trying to fix this problem. I’m not a doomsday person, but there is a place for us to get green, not tomorrow, over time. But we need to bring a combination of fossil fuels and green to bear so this world we leave will be healthy for all the generations to come. At the rate we’re going and what we’re doing to it, I am fearful that we won’t leave much of a legacy for our children and grandchildren.

Q: Mr. Vitter?

VITTER: This is another honest disagreement between us. I do not think the science clearly supports global warming theory. So I would not support any of that sort of cap and tax legislation.

Watch it:

Like many other Republican science deniers, Vitter is a signatory of the Americans for Prosperity “No Climate Tax” pledge. He has received $527,984 from the oil & gas industry this cycle, including $41,750 from Koch Industries, AFP’s backers.

Climate Progress

Entertaining but ultimately disappointing Rally To Restore Sanity (and/or Fear!) by Stewart and Colbert

False equivalence mars the ‘why can’t we all get along?’ message

I attended the entire pre-election ‘rally’ by comedians Jon Stewart and Stephen Colbert today.  If the health and well-being of the nation and countless future generations, including my daughter, weren’t at risk in the election Tuesday, one could revel in the entertainment.

But Stewart aspires to be more than an entertainer.  While he was clearly trying to walk a fine line here and not be overtly politically, the fact is it’s long, long past time to pick sides.  The political message basically equated Tea Party extremists and people like Limbaugh and Beck on one side with people on the other side who have sometimes pointed out the extremism of the Tea Party, like Keith Olbermann and Chris Matthews.

Sorry, Jon, but Matthews ain’t Palin or O’Donnell.  Olbermann ain’t Beck.  Not even close.

It is precisely the kind of false equivalence that Jon Stewart skewers on his show.  More than anything else, the rally’s whole, “why can’t we just all get along through compromise and reason”  message reminded me most of Barack Obama circa 2008 or is that circa 2009 or is that circa now?

Read more

Yglesias

The High Earners

I’m not surprised people don’t know the answer to this question, but it’s interesting that they overestimate so badly:

Any idea what proportion of American families make more than $250,000 a year? Or, to potentially make it easier, any idea what proportion of families in your state make more than $250,000 a year?

Don’t feel bad if you don’t know – most people don’t. The actual number, nationwide is somewhere less than 3% of families earn more than $250,000 a year. What did the survey respondents say when asked this question? The average response was close to 17%! – meaning your typical survey respondent thinks that almost 1 in 5 families in America earn that kind of money, when the answer is closer to 1 in 50!

That seems to imply that most people are underestimating how well-off they themselves are compared to other Americans. A family earning about $200,000 a year is better off than the vast majority of the country’s families, but might perceive itself as merely around the 80th percentile.

Yglesias

The 2012 Outlook

Mark Thoma posts the SF Fed growth forecast:

If this comes to pass it would be an enormous human tragedy, with an unemployment rate wildly higher than it ought to be for years and years. The loss in output relative to potential under this scenario is a total disaster. And yet, if Larry Bartels is correct about voter myopia, it’s a perfectly adequate 2012 growth rate in isolation to get Barack Obama re-elected.

Yglesias

Responsibility

Bruce Bartlett proposes:

Republicans should savor the period from Election Day to the first day of the new Congress on January 3, 2011. That will be as good as it gets for them; afterwards, it’s all downhill once they have to act, take responsibility, and can no longer blame Democrats for everything bad that happens anywhere. That goes for their allies in the business community, who naively assume that every action of the last two years that they opposed will magically disappear. And it goes double for the Tea Partiers, who have never had to take responsibility for anything. It’s a whole new ballgame in January.

Maybe yes maybe no. John Sides cites a lot of persuasive data which indicates that voters hold the president responsible for results and not the congressional opposition. So in narrow electoral terms, this may be wrong.

Things look different in interest-group terms. CEOs do want their personal income taxes lower, do want the capital gains taxes they pay lower, and do want to be able to pollute and violate labor law with impunity. But they presumably don’t want to see the economy fall into a depression and Speaker Boehner may be “responsible” in their eyes.

Politics

GOP ‘Pork King’ Says He Has Votes To Take Over Powerful Earmarking Committee

This month, House Minority Whip Eric Cantor (R-VA) penned a Politico op-ed calling for a ban on earmarks, saying they are the “poster child for Washington’s wasteful spending binges. They have been linked to corruption and scandal, and serve as a fuel line for the culture of spending that has dominated Washington far too long.” Many other House Republican leaders have also called for an end to earmarks: Rep. Mike Pence (R-IN) has said he aims to “end earmarks as we know them.” A ban on earmarks is a controversial issue among House Republicans — it was conspicuously left out of the GOP’s “Pledge to America,” to the chagrin of conservative commentators.

There are also members of the caucus that oppose such a ban, like Rep. Hal Rogers of Kentucky. He defended earmarks in September, telling Politico that “there is obviously a need for a member to be able to come on out to the Congress for a particular need in his or her district that the regular order is not solving.” Rogers is no backbencher, however — he has long been discussed as being “in line” to take over the House Appropriations Committee, the place where earmarks originate. Now, he tells the Rural Blog that he has secured the votes necessary to assume the committee chairmanship.

Rogers defends earmarks because he’s very good at getting them. Rogers received over $431 million in earmarks just in fiscal years 2008-10, and has steered billions of dollars to his rural Kentucky district over the course of his career, making him one of the most prolific earmarkers in Congress. Many times, Rogers will create a non-profit in his district and then steer money to it, something that troubles government watchdogs:

When we see a member of Congress using tax dollars to create such non-profit entities, we call it phony philanthropy,” said David Williams, vice president of policy for Citizens Against Government Waste, a Washington-based group that tracks federal pork. “It’s easy to spend someone else’s money; it’s much harder to spend your own. If you set up a non-profit advocacy and they’re advocating a point of view, then every citizen is advocating that view whether they agree with it or not.”

One example among Rogers’ earmarks is Operation UNITE. Critics say that while the program, which was created by Rogers and is poised to receive roughly $13 million in earmarks to ramp up anti-drug initiatives, has been effective, UNITE focuses too heavily on law enforcement and arrests and doesn’t channel enough money into treatment and rehabilitation.

While Republican leaders and candidates on the campaign trail say they want to end earmark abuse — and even earmarks entirely — the task will be very difficult when a powerful Republican pork king assumes control of the committee that hands out earmarks.

(HT: Barefoot and Progressive)

Yglesias

Same as It Ever Was

Very funny video from Reason reconceptualizing actual rhetoric from the 1800 presidential campaign as 2010-style attack ads:

I was making a related point earlier today to someone who was complaining about some incoherent public views as registered in polls and how we now have “post-truth” politics. The fact of the matter is that as best anyone can tell levels of political information have always been low and most people have never had coherent political ideologies.

In 1960, for example, a majority of the population hadn’t finished high school and the all-white electorates of North Carolina, South Carolina, Georgia, Louisiana, and Arkansas cast their votes for John Kennedy on the grounds that Abraham Lincoln abolished slavery a hundred years earlier.

Yglesias

Is Housing Inherently Bubbly?

Mike Konczal on how to spot a bubble:

In my personal opinion, in the same way middle-class people turned amateur stock analysts was the sign of a tech bubble, or middle-class people turned amateur realtors was the sign of a housing bubble, middle-class people turned amateur credit risk analysts and credit channel intermediaries was the surest sign of a credit bubble.

Adam Ozimek calls this the Beware of Amateurs rule. It strikes me as a particular problem with real estate. Most of the time the vast majority of stock trading is being done by professionals. And you can imagine a world in which average middle class people all wise up and have their money in index funds or we revive defined benefit pensions or the like. But housing, as currently done in the United States, is more or less necessarily a market of amateur investors.

You could imagine a future world in which the vast majority of people rented homes from one of a dozen large nationwide real estate management firms and thus most buying and selling of real estate was conducted by professionals. But that would be a very different world from the one we live in, and getting there would require a large number of changes to tax law, various regulations, and a sweeping transformation of social mores. Until then, you’re looking at tons and tons and tons of amateurs making highly leveraged investments. It strikes me as an inherently dicey situation.

Politics

Vitter: ‘I Disagree With The Premise’ That Tax Cuts Should Be Paid For

During a debate on Thursday, Sen. David Vitter (R-LA) was asked what he would cut from the budget in order to offset the expense of extending the Bush tax cuts. Remember, a full extension would cost more than $4 trillion over ten years, while extending the cuts for just the richest two percent of Americans costs $830 billion. Rather than lay out where he would make cuts, Vitter rejected the premise of the question, scoffing at the very notion that tax cuts should be paid for:

VITTER: Well, first of all, I disagree with the premise that in order to keep tax rates where they are and not increase taxes, somehow we need to pay for that. I think that’s Washington-speak, not Louisiana-speak. [...]

Q: It’s a misnomer to say this continuing, for the top rates, wouldn’t have to be paid for. You would have to pay that $750 billion because it was supposed to sunset. It’s not an increase, it’s a sunset.

VITTER: Just to be clear, the premise that I disagree with is that to avoid a tax increase, we somehow have to pay for it. It’s not the government’s money, it’s our money. That’s the point.

Watch it:

Vitter did eventually endorse some spending cuts — including rescinding unspent stimulus money, which would have the practical effect of raising taxes on the middle class — but they wouldn’t come close to covering the cost of just extending the tax cuts for the richest two percent. And it’s his complete dismissal of the very notion that tax cuts should be paid for that merits attention.

As The Wonk Room explained, under current law, which stipulates that the Bush tax cuts expire, the government will collect 21 percent of GDP in revenue in 2020. Extending the cuts means less revenue for the government and bigger deficits. But Vitter is hardly alone in failing to grasp this concept.

Senate Minority Leader Mitch McConnell (R-KY) said in August, “you’re talking about current tax policy. Why did it all of a sudden become something that we, quote, pay for?” “Listen, what you’re trying to do is get into this Washington game and their funny accounting over there,” said House Minority Leader John Boehner (R-OH), when asked if Republicans planned to pay for extending tax cuts for the rich. “It’s not a cost. That’s where we are today. That’s the baseline. It doesn’t score anything to continue them,” insisted Sen. Tom Coburn (R-OK).

Economy

USW President: U.S. Chamber Has Become ‘A Consulting Firm To Teach Companies’ About Outsourcing

As ThinkProgress has previously reported, over a million jobs have been lost due to outsourcing since 1994. One of the main organizations promoting outsourcing has been the US Chamber of Commerce. The Chamber has been taking money from foreign corporations and holding clinics on how to outsource American jobs, such as one sponsored by billionaire Sheldon Adelson “inviting local businesses in Florida to come to Jacksonville and learn about outsourcing from Chinese government officials like Li Haiyan, the Counselor for Economic Affairs for the People’s Republic of China, U.S. Chamber lobbyist Joseph Fawkner, and BChinaB.”

Last week, The Wonk Room sat down with United Steel Workers International President Leo Gerard and three members of the USW labor union. Among the topics we discussed were the Chamber’s practice of encouraging outsourcing. Gerard called these actions a “disgrace,” adding that “it’s no longer U.S. Chamber of Commerce. It’s the Bahrain Chamber of Commerce or the Chinese Chamber of Commerce”:

WR: It was revealed a couple weeks ago that the United States Chamber of Commerce, which is one of these big outside spending groups in the election, is actually receiving a lot of their funding from foreign companies and whatnot. What’s your take on that situation, particularly given how much of a major player they have been in the election against candidates who are supported by labor?

Gerard: I think the Chamber is a disgrace. They pretend they are getting money and that they are not using it for political purposes, but we all know money is fungible, as they say. So if you get money from once source you can divert it and use money for something else. [...]

WR: It was revealed last week that the Chamber has actually been intimately involved with many Chinese companies in terms of helping hold seminars teaching American companies how outsource jobs to China. What’s your take on that?

GERARD: As I said, it’s no longer U.S. Chamber of Commerce. It’s the Bahrain Chamber of Commerce or the Chinese Chamber of Commerce and what they have done is become a consulting firm to teach companies how to move jobs out of America. And they have opposed of all things, they have opposed giving a tax break, giving an incentive, for a company to bring a job back from offshore to America, and yet they have supported giving tax breaks for companies that will move jobs out of America. That’s perverse, that’s against the national interest, and no other society would tolerate that. [...]

Watch it:

Despite efforts by the Obama administration to end the tax breaks given to companies that are funneling jobs overseas, both Republicans and the U.S. Chamber of Commerce have repeatedly blocked their efforts.

We also caught up with three USW labor union members – Bonnie Carey, Harold Philip, and Glen Dunaway – and talked with them about how outsourcing is affecting American workers. That interview is below the jump. Read more

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