Archive for the ‘Politics’ Category

Archipelago Of Accounts – The Banks Always Win

Monday, August 8th, 2011

At work, our health insurance has been switched to a high-deductible PPO. Not to worry, we’ve also been granted Health Savings Accounts (HSA) in which to save money, tax-free, to pay bills before meeting the deductible.

That’s all well and good, but I can’t shake the feeling every time legislation comes out to do some activity (retire, save for education, health care) the only winner is the financial services industry.

Here’s why: all of these activities requires one to maroon a slice of money into an account designated for that purpose. What comes with accounts? That’s right, fees to the bank. The Wells-Fargo HSA we’ve got is $4.25 a month (paid, for now, by work). That’s $51 a year to hold money. The interest rate is a paltry 0.1%, so with $2000 in that account (the minimum cash balance before we’re allowed to invest), I’d make about $2.00, (net -$49 if I was paying the fees, as I will one day) Thanks for nothing. Further, while some banks graciously waive fees for meeting minimum balances, it’s harder for many people to meet the balance since their money is split so many ways.

These accounts limit my flexibility to spend as life events occur, limit the returns on my money, and cost me fees, and headaches. More statements to read, cards to carry, and fine print to decode.

If costs are to be tax-deductible, why not fix the tax code instead, so that all medical expenses, instead of those over a certain amount, are tax deductible, instead of these shameless handouts to the banks? Let me deduct things come tax time.

99 Percent Honesty

Friday, August 8th, 2008

It finally comes out that John Edwards cheated on his wife who had cancer at the time. His official statement about it since don’t do much for me but dig the whole deeper. From his official statement:

Although I was honest in every painful detail with my family, I did not tell the public. When a supermarket tabloid told a version of the story, I used the fact that the story contained many falsities to deny it. But being 99% honest is no longer enough.

I don’t think denying an affair because some of the details are inaccurate is being 99% honest. More like 1% honest.

The other gem of a comment from the Times’ coverage is this:

The network said that Mr. Edwards “made a point of telling Woodruff that his wife’s cancer was in remission when he began the affair with Hunter.”

I guess cheating on your wife is cool if her cancer is in remission.

Barack Obama is 46 and not a Muslim

Sunday, June 15th, 2008

This week and recieved this troubling (forwarded) email that was for profiling on the basis of age and ethnic backround. It listed a whole bunch of terrorist attacks visited upon Americans, ending each instance with “by Muslim male extremists between the ages of 17 and 40.” at the end of this screed, this gem appears:

And Now:
For the award winning
Act of Stupidity
Of all times the People of America want to elect, to the most Powerful position on the face of the Planet –
The Presidency of the United states of America

A Muslim
Male
Extremist
Between
the ages
of 17 and 40.

Really? I think the most basic research would show that Barack Obama is indisputably 46 years old! Oh yeah, and he’s not a Muslim. And only an extremist if you think transparent government and access to health insurance for all Americans as extreme.

Are there really people in this country that are this stupid? That’s just really sad.

Dissappointing comments from the Obama campaign on trade

Sunday, June 15th, 2008

An article in today’s New York times “When a Populist Stance Meets a Complex Issue” left me a little disappointed in the the Obama campaign. The article talks primarily about American trade in beef and automobiles with Korea and other east Asian natious.

The campaign has come out against a free trade agreement with South Korea for what I think are some pretty dumb reasons (there may well be better a rationale hiding somewhere). First up is trade in automobiles. Newsflash: Koreans don’t buy a lot of American cars. The Korean government taxes engines by displacement size for all vehicles (not just imports) to discourage large gas guzzling vehicles. Korean automakers produce (and sell lots of) cars with small engines, responding to these regulations appropriately, as European and Japanese manufacturers do by importing small engined cars (which their home markets probably strongly incent as well).

American car makers, on the other hand try to push their large-engined gas guzzlers and are penalized by these engine displacement taxes. Instead of adjusting to the market conditions compain about nontarrif barriers.

“You can say that people in Korea don’t like American cars, but then you have to say why in nearby places people do seem to like them,” Mr. Goolsbee said. He added, “The Koreans have designed a system that will prevent competition from a segment of the market that is different from what they produce, and that is a nontariff barrier.”

Really – I think they’ve designed a market that is appropriate to meet the demands of a world dealing with the effects of global warming and rising energy costs. Perhaps if American carmakers acted accordingly, they could compete in these much saner regulatory environments then here in America.

The article also mentions beef production. If the US isn’t willing to test more widely for mad cow, then why should these nations agree to import beef again. In 2004 a farm in Kansas asked for permission to test its cows for mad cow so that it could export them to Japan, and was denied

The department refused, saying such testing would “imply a consumer safety aspect that is not scientifically warranted.” American consumer groups were apoplectic, but the beef industry which did not want to be pressured to spend $25 or so testing every animal applauded the move. Creekstone is still suing the Agriculture Department for the right to test.

So American producers won’t (in the case of the car industry) or can’t (in the case of this Kansas beef producer) change in the face of reasonable obstacles to trade. Other nations can, and the American government cries about it, and now the Obama campaign is spouting the same nonsence.

Terrific.

Update:

I was thinking about ths some more today, and these failures to compete abroad are failures at home. If we had a truly safe food supply for all Americans, instead of the potemkin system in place now, then no nation would refuse to buy our food.  If we had a government that would disincent large vehicles, then American car companies might finally learn how to make small cars that don’t suck and be able to sell them to Americans at home who currently buy little Japanese cars, as well as legions of people abroad.

Gas price holiday

Wednesday, April 30th, 2008

I’m pleased to see Thomas Friedman hit the nail on head in is op-ed “Dumb as We Wanna Be“. The idea of having a gas price holiday – rescinding the 18.4 cents a gallon gas tax for the peak driving season in the summer is ridiculous. The way forward is to increase these taxes, not decrease them. People need to start paying for the negative externalities of living hours away from work or driving across country on vacation. Dropping the per-gallon tax provides the most benefit to the drivers of the least efficient vehicles or who drive the most, which incents the opposite behavior this country needs to start tackling climate change and stop sending our money overseas.

We need leaders who will tackle issues like this head on, instead of leaders who will pander to the people. Look kids: no gas taxes, checks in your mailbox, shiny things!

If we’re going tax the oil companies, which we should, we shouldn’t waste that money on replacing the gas taxes, it should go to supporting long term incentives for alternative energies so that the private sector can invest for the long haul. It should go to expanding and electrifying a rail network to take oil guzzling trucks and cars off the road. And so on…

Huckabee’s Negative Countdown

Monday, April 28th, 2008

This dates from a few weeks ago – Mike Huckabee had a countdown on his web site to the launch of what turned out to be his political action committee. At the appointed time, the counter hit zero. Instead of the page reloading to unveil what we’d been waiting for, or just stopping at zero, the counter just kept on counting down into negative numbers. (Even the counters go negative this season?)

After refreshing the page myself, the countdown was still going negative, until the site finally launched a few minutes later, and for that I’m sure we can all breathe a sigh of relief.

Lessig at the Berkman center

Monday, April 7th, 2008

I had the pleasure of seeing Lawrence Lessig unveil the next phase of the Change-congress movement last Friday at the Berkman center at Harvard. Lessig gives phenomenal presentations and could probably be compelling talking about just about any topic. The topic this time was the distorting (rather than corrupting) influence money has on politics and I thought it was eye opening and informative.

Lessig mentioned a study showing people stop reading or tune out of news as soon as political donations are mentioned as part of a story, so even without real corruption most of the time, the appearance of influence is enough to make large numbers of people disengage from the political process.

I wish I could link to the talk, but as far as I can tell its not yet online despite being webcase live. Check out the event’s page, hopefully a link to the video will appear there one day.

Update: theres a video posted on the change congress blog

How special, special interest money?

Friday, February 22nd, 2008

Oil change international put together a great tool to visualize the flow of money from oil companies to presidential candidates and congressional representatives. The graph view of the presidential race is sort of what you expect, with republicans soaking up more oil money than democrats.

What interests me about the data though, is what makes a donation from someone who works at an oil company “oil money”? Where do we draw that line? It would seem that a matched pair of max $4600 donations from the CEO and (homemaker) spouse are on one end of the special-interested donation spectrum, but what of a $500 donation from someone who owns a gas station, or a pair of $500 donations from a research scientist?

For me, I think the inclusion of some of the donations as oil-money are disingenuous, but its hard to say which donations are or are not to be included.

Maybe one day we’ll see public campaign finance and no one will have to figure that out?

Yes We Can!

Saturday, February 2nd, 2008

There’s a great musical adaptation of one of Barack Obama’s New Hampshire speeches making the rounds.

Primary Day in New Hampshire

Saturday, January 12th, 2008

I come late to being passionate about politics – I don’t know that I can blame it all on not being an American citizen until last Spring, but it’s become obvious that there are a lot of pressing issues facing the country and this is my time to do a little something to make a difference. I’ve had a soft spot for Obama since his great 2004 speech at the DNC, and I gave some money after reading an article from the Atlantic (previous mentioned here ) and then some more for a ticket to see Obama in Boston soon thereafter. Being at this rally touched me more than I expected; I got a little teary eyed at the national anthem and then Obama’s speech made me ready to run off to New Hampshire.

So we did; one day in December we worked the phones in Concord, and then again on Tuesday we joined a few hundred others from the Boston area to drive up to New Hampshire to get out the vote for Barack Obama in the democratic primary. It was a long but great day.

Below is my very long account of the day with a few pictures here and there.

Pre-dawn rendezvous

6:30 AM – We join the mass of people huddled in the pre-dawn darkness outside Alewife T station to join carpools and get directions. After some time on organization, the group shrinks as people are dispatched northward a car load at a time. Crucial to the driver-passenger matchup process is willingness to go to the rally in Nashua at the end of the day. Fortunately for the volunteers from the Boston area, Nashua is on the way home, right on the border with Massachusetts.

7:00 AM – I’m driving to Concord, about 70 miles north with Kristi and our companions for the day, Cole and Andy. Cole is an undergrad at Emerson, and Andy works in technology but remains something of an enigma. Kristi and I have already been to Concord a couple of weeks prior, so we don’t have to learn how bad the google maps directions are in this case again.

Visibility

8:15 AM – Arrive in Concord. I slip on a still-frozen curb cut, twist my ankle and fall. I see my day of volunteering cut tragically short, but fortunately I’m still able to walk. We head over to the Obama for America office and join the swarm of volunteers. After a short time we’re handed some Obama signs and told to go and do “visibility”, that is to stand on a street corner and wave the signs around. We’re sent to a certain corner, and told to return at 9.
Visibility is kind of fun – the corner we’re at has supporters from most of the candidates, and people drive by honking, waving and yelling to their favorite supporters.

9:00 AM – Back at the office, drinking one of the donated smoothies that were staying cold in a pile of snow outside. Although the day will top out in the high 50s, there is still lots of snow around New Hampshire, lots more than in the Boston area. At this point volunteers are being assigned to staging centers in the towns around Concord that will be our home bases for the day. We’re assigned to the town of Bow, just south of Concord

10:00 AM – Arrive at a house in Bow – this host family has opened their home for 5 days as the town’s base for Obama supporters participating in get out the vote (GOTV) operations. The hosts are great people, and they keep the scores of volunteers that traipse in and out well fed and watered. We are directed to a dining(war?) room where some people are working the phones. We’re given two sets of “turf” consisting of lists of names and address (“walk lists”) of likely Obama supporters that we are to visit and remind to vote, along with door hangers (“lit”) with some information including the address of the local polling place.

10:30 AM – We attempt to organize the walk lists into chunks that make sense to split up among the four of us (clearly some room for improvement in walk-list visualization tools), and then I drop everyone off at various locations and park my car halfway in a snowbank in a residential street. (There’s lots of snow).
Now the fun begins. First, live free or die apparently includes freedom from a house numbering scheme that makes sense. Some mailboxes and most houses are missing numbers, the mailboxes are in clusters by the side of the road, and the odd and even sides of the street have curiously offset numbers. Second, the houses are pretty far apart, and then as far again back from the road. I wonder again and again if anyone has ever done a study on drive way length versus the intensity of the feeling that you’re trespassing and will get chastised for being in someone’s yard?
Turns out almost no one is home (it’s a nice neighborhood in the middle of a workday, imagine that!). There are a few instances where I think someone might be home and chooses not to answer the door, which is understandable considering how many times these people have been called and had their doors knocked over the previous months. People here seem nicer in general than in Boston, but clearly there’s a lot of primary fatigue and people are getting fed up. Someone even calls the cops because of all the people walking through neighborhoods that clearly never see walkers – Kristi is asked if she’s with the Obama canvassers by an officer, and another Obama canvasser is detained while his ID is run.
After a group trip to the Bow community center (where the polls are) for a bathroom break, we finish up. At the center, I notice a sample ballot on the wall, and there are a LOT of people on the democratic presidential ballot, more than twice as many as you might expect. Check it out

12:30 PM – We’re back at Bow-HQ filling up on Turkey Chilli, White Bean soup and Turkey sandwiches.

1:00 PM – Doing visibility at the Bow community center where polling is taking place. The local selectman comes out and tells all the supporters that vote counts at that point in the day have already exceeded the full-day totals from the previous primary. A Huckabee supporter engages Kristi to ask why she supports Obama while a Clinton-supporter’s kid plays in the melting snow.

2:30 PM – Back at the house, waiting for the go-ahead to head out and re-canvass our route so we’re talking to our fellow volunteers about this and that; a lawyer talks about the questionable legality of being asked for identification by the police for walking through a neighborhood.

3:30 PM – Headed out to canvass again – it will be great walking on unlit roads with no sidewalks to ask for votes! We should have brought flashlights or safety vests. Lots of people still aren’t home from work yet. I see one guy on my route, and he’s voted Obama – the rest of the houses still have my door hangers where I left them.

6:00 PM – The polls close in an hour, so we call it a day and head back to hand in our walk lists. Now the discussion begins – will we go to Nashua for the Obama rally to close out the day? The word is that all the tickets are gone. We head south and make calls to the Obama hotline to find out more information and get directions. The rally is at a high school gymnasium.

7:00 PM – We get to Nashua South High School (go panthers!) where there are lots of cars and lines of people. There’s a couple of lines of ticket holders and then the line of people with no tickets which we join after some deliberation.

Waiting outside

8:00 PM – We’re still in line, no lines have moved. Is it worth it to stay? I reason that it’ll probably our last chance to see Obama in person, but at that point the day feels like its been a week long. At least it’s not very cold out. Some pigs from PETA visit the captive audience, along with some enterprising vendors selling (counterfeit?) Obama merchandise.

Kristi and James

8:45 PM – We’ve made it into the gym now, it seems they’ve let more people in than originally estimated. There’s a screen set up with MSNBC on so we can watch the returns trickle in, and trickle they do. The race is, as we all know now, unexpectedly close and no winner is declared until much later. The crowd cheers every time the couple thousand vote gap between Clinton and Obama shrinks, and is silent when it grows. Its easy to think of it as a race at this point, as if momentum on closing the vote gap is more real than just the random order in which towns are reporting.

9:45 PM – still waiting. At this point people are coming and going, fetching books and newspapers to pass the time. Kristi and I find a place near a wall to sit. The republican race has been called for a long time now, and we’ve seen all the speeches.

10:30 PM – Networks start to call the race for Clinton, and soon Obama aides are distributing signs for the faithful to wave

10:45 PM – Some local congress-folk are up to introduce Obama, and then there he is. The speech is good, but due to tv lights directly behind him looking at him is like peering into the sun. “Yes we can!” The tingles I get when Obama speaks are muted a bit by fatigue, but its great to be here as a bookend to our time in New Hampshire.

12:00 AM- After a surprisingly fast exit from the parking lot, we’re back at the Alewife T station, where the day began, bidding farewell to Cole and Andy, and on our way home to bed.